16 THE 3IORXIXG- OREGOXIAZS", MONDAY, MAY 24, 1920 LIBERTY BOND SALES FORCE LOW Government Circular Tends to Reassure Investors. '"BUY" IS ADVICE GIVEN 1 6 per cent bonds maturing serially from 1921 to 1930. These are being offered at prices to yield 5.50 per cent. 48.000 Yakima county, "Washington. , 6 per cent road bonds, also maturing serially from 1921 to 1930 and offered at prices to yield 5.50 per cent. 6000 Cashmere, Wash., local improvement district 7 per cent bonds, maturing serially from 1921 to 1930. These are offered at prices to yield 6.50 per cent. Cashmere is located in the famous Wenatchee valley in Chelan county. All of the above mentioned securities are wholly exempt from the federal income tax. m - Special meetings of stockholders of H. H. Franklin Manufacturing com pany, makers of the Franklin auto- Munlcipal Bonds, Free From In come Tax, Yet Prove At tractive Investment. Many holders of liberty bonds are disturbed because of the. low price at which these securities are quoted in the market. At the same time large investors, are taking advantage to increase their holdings and secure the benefit of the high return that is made possible by the temporary decline in prices. There is one fact J;, purchaser of government bonds Biiotrm not lose sight of, and that is the certain redemption of the bonds at par when they mature. The treas ury department has issued a cir cular that clearly presents the situa tion in simple terms. It is worth careful reading by every person who purchased liberty bonds of any issue, and especially by those who made the investments to hold their bonds until maturity. Not a cent has been lost by such buyers and they are assured of receiving the interest payments regularly and full payment of the principal when due. For those who have funds to invest there is an un usual chance to increase their pres ent holdings by buying at the low level these bonds have reached. The circular is as follows: "The United States government borrowed money from you to finance the war. You hold the government's promise to pay you back. This prom ise is called a Liberty bond or Victory note. On this bond is stated the con ditions under which the government borrowed the mone from you. Interest Is Secure. "For instance: If you 4iold a bond of the Third Liberty loan, it states that on April 15 and October 15 of each year until maturity, you will receive interest on the amount you paid for the bond. Other issues bear other rates of interest and other ma turity dates, all of which are clearly stated on the bond. . "Now, if you keep your bond until the date when the government pays you in full for it. you do no,t need to worry if, in the meantime, the price is low one day or' high the next. You and Uncle Sam are living up to your agreement with each other, and neither will lose by it. "On the other hand, if you sell your Liberty bond now, you will find that the man you sell it to will not give you a dollar for every dollar you paid for it. The price has been brought down because so many people are offering to sell their bonds. If the market is flooded with tomatoes you can buy them cheap, but if everyone is clamoring for tomatoes and there are few to be had, the price goes up. The same is true of Liberty bonds. Short-sighted people are dumping them on the market, and wise ones are buying them. "The best advice that can be given to the owner of a Liberty bond is this: Hold the bond you bought dur ing the war; it is as safe and sound as the United States government it self. "Buy as many more at the present low rate as you can afford. If you hold them to maturity you are bound to make the difference between what they sell at now and their face value. You will also receive good interest on your investment. "Hold on to your Liberty bonds and buy more." Even though present prices on lib- erty and victory bonds indicate that there is a rise in the market, owing to the extensive buying of the vari ous issues, there is no likelihood of the prices on municipals and high grade investment securities being in creased materially at present, accord ing to K, A. Freeman of Freeman, Smith & Camp Company. Continued extensive buying may mean the steady increase in prices, he says, and he is advising the purchase of long-term, income tax exempt, securities while the market permits the investor to get them at the lowest prices in his tory. In a new pamphlet just gotten out by Freeman, Smith & Camp com . pany some pertinent facts relative to opportunities in municipal bonds are given. The pamphlet describes about 25 different issues which the company is celling to net investors very attrac tive returns. Munlrlpnl Bonds Act High. High-grade municipals are selling to net investors as much as 7 per cent with no income tax to pay. Some of the attractive issues and their yields are the bonds of the city of Toppenish. Wash., to net investors 7 per cent: warrants of the Sacramento and San Joaquio drainage district is sued by the treasurer of the state of California. These warrants will be paid probably about January or Feb ruary of next year. Bonds of the city of San Bruno. Cal.: the city of Lodi, Cal. : the city of Colusa. Cal., issued for improvement purposes, are being sold to net investors 6 per cent. Bonds of the city of Casper, Wo., are being sold to net investors 6U per cent. Blyth. Witter" & Co. are offering their participation in J15.000.000 Can adian Northern National railway 7 per cent, equipment trust gold certificates, due May 1. 1935. The Canadian Na tional railways, owned by the Domin ion government, comprise a system of over 22.000 miles, extending from coast to coast, and including the Canadian Northern, Grand Trunk Grand Trunk Pacific, National Trans continental and Intercolonial railways. These securities are priced to yield over 7.10 per cent. A dividend of "3 per cent on the common capital stock has been de clared payable June 10, 1920, to Atlas Powder company stockholders of, rec ord at the close of business on Satur day, May 29. 1920. Treasury savings certificates are not redeemable or payable at or through any postoffice. but are re deemable only upon presentation and surrender by mail or otherwise to the secretary of the treasury, division of loans and currency, Washington. D. C. Immediate notice in writing of the loss, theft or destruction of treas ury savings certificates should be made to the secretary of the treasury. New offerings of the Lumbermens Trust company include $50,000 King man Colony Drainage district. Mal heur county. Oregon, 6 per cent bonds, maturing serially from 1925 to 1940, and are in denomination of $500. They are being offered at prices to yield 6.25 per cent. $15,000 Ryegate. Mont., general obligation 6 per cent bonds maturing serially froxn 1931 to 1940. These are being offered at .prices to yield 6.50 per cent. Ryegate is sit uated in Musselshell county, Montana. $39,000 Whitman r-o.t.v. Washington. MESSKXGER BOY IS ROW AS SISTANT CASHIER. ''fits? - fc'?S i vSf' ' 1 h rank S. Meagher. Frank S. Meagher, for the last 11 years a member of the cleri cal staff of the Ladd & Tilton bank, has been appointed an as sistant cashier of that institu tion, filling a vacancy in the official family occasioned by the resignation of Thomas H. West, who will engage in the banking business in The Dalles. Mr. Meagher has risen through the ranks on sheer merit, hav ing commenced his banking ca reer as messenger boy in 1909, later working up through the various departments of the bank. He is a certificate holder in the American Institute of the banking section of the Ameri can Bankers' association and is a member of the board of di rectors of the local chapter of that organization. BE Expansion of Line Depends Upon Return Cargoes. TOUR OF PORT IS MADE mobile, have been called for May 26 and June 21 to vote on the proposition of increasing the authorized preferred from $5,000,000 to $15000,000, par value $100, and authorized common from $2,000,000 to $15,000,000, par value $100, with subsequent conver sion into 600,000 shares of no par value. The funds to be derived from the new finaicingr will be employed equally between fixed capital and working: capital. "Northwest municipal bonds are the finest kind of Investment securities and will continue' to be said John L. Ktheridge, president of Morris Broth ers, Inc., in defining the present situ ation in the financial world. Potential Wealth la Or rat. "Bonds issued by northwestern mu nicipalities for various kinds of im provements are indeed choice, because there is behind them not only the de veloped wealth, but a vast potential value which is to be requisitioned as the great territory in this region ex pands to supply not only its own and large domestic needs, but of foreign trade also. "Being new territory having very large potential factors for develop ment, the northwest is certain to be looked to more and more to furnish supplies for export purposes, to China, tho orient and many other countries. As this expansion becomes effective, there will be a corresponding increase in the value of the bonds backed by communities which are receiving the benefit ol to is business The Mercantile Bankof the Ameri cas, New York, announces the opening of an office at Piura, Peru. This is the sixth branch of its affiliate, the Banco Mercantil Americano del Peru to be opened In that country. WWW Under the title "Know Portland and the Northwest," the Ladd & Tilton bank has issued in the form of an at tractive portfolio a series of 24 artistic articles setting forth the natural re sources of the tributary country, commercial and industrial develop ment and activities of the city. The pages are copies of the advertise ments placed in magazines and news papers of national circulation and is an example of the application of the broad vision of the progressive finan ciers in promoting the progress of the section in which their work is cen tered. The charm of Portland as residence city is portrayed in articles depicting the playgrounds, parks and homes, the port and shipping ad vantages are outlined, manufacturing industries exploited, while in matters closely allied with state development attention is directed to irrigation, highways and timber resources. James A. Fan ell Pleased That Mouth of Columbia Offers JNo Obstacles to Iarger, Vessels. If, return cargoes are offered, .the Isthmian line, a subsidiary corpora tion of the United States Steel com pany, will dispatch an increased num ber of cargo carriers from the At lantic coast to this port, is the prom ise of James A. Far re U, president of the steel corporation, who left for the east yesterday evening after spending several days in the city. Mr. Farrell is a confirmed enthusi ast for the port, dating his allegiance from Saturday of last week, when he made a thorough tour of inspection for the purpose of viewing precisely what Portland has to offer to ship ping that is on the scout for business. The tour was made at his request. He was accompanied by Mayor Baker, Emery Olmstead, chairman of the Swan island project; "W. D. B. Dodson, executive secretary of the Chamber of Commerce; C. O. Sutherland, as sistant to the general manager of the O.-W. R. & N. company, and Harbor master Speier. Satisfaction la Expressed Mr. Farrell declared that he was sat isfied with conditions of the port and river. He expressed particular grati fication that the mouth, of the Co lumbia river presents no obstacles to modern navigation with deep-draught vessels. After the harbor tour Mr. Farrell spent some time in the office of the, dock commissioner, examining plans: and charts and obtaining information from Dock Engineer He garde. He left i a request that complete data on the port and its facilities be sent him at his New York address. Fort, Already Used. It is not generally known that the United States Steel corporation al ready is using this port. One of its vessels. Steel Voyager, is now load ing here. Mr. Farrell announced that their shipping is being handled by a subsidiary company, the Isthmian line. This company is building a fleet of 36 huge carriers, of 10.000 ons capacity, which are to operate between the Atlantic and Pacific oasts, loading out with products of the steel corporation and returning with cargoes from the western ports. Mr. Farrell told local port officials that at least two of these chips will call here each month for cargoes. r-d the number of such vessels will ncrease in proportion to return car goes offered. Sixteen of these new hips already have been ouilt and the remainder will be completed at he rate of three each month from the steel corporation's plants at Kew- k, N. J.( and Mobile. Ala. TACOMA PLEASES MARINER Harbor to Be Made Port of Call for Swedish Navigation Company. TACOMA, Wash., May 23. (Spe cial.) When Captain W. Johnson of the Swedish Navigation company saw Tacoma's exhibit and pictures of its waterfront at the national foreign trades convention in San Francisco last week, he was so impressed that he arranged to visit here to look into the port facilities. He came to Ta- coma today, and after a survey of the port declared that he would make this city a port of call just as soon as the port project was under way. He was particularly Impressed with the proposed manner of handling cargo, declaring that he had never seen such a complete and effective system in all of his travels. Pier No. 2 of the port plans provides for some type of revolving crane which takes the cargo from the ships' holds with out the need of ship's tackle and drops it at the door of the warehouse, where it is distributed by means of a mono rail system. Clfic. The Magician's carso is consigned ! to Liverpool and Glasgow. The total business transacted over local wharves for the month of April. 1920. shows an increase of nearly 4,000,000 over that of the name month in the previous year, according: to the April statistical re port just compiled by Port Warden Fred M. !&the and his staff. For tho benefit of its office employes, the Nippon Tusen Kaieha company has constructed a tennis court on Federal ave nue between east Aloha and east Prospect streets, near Volunteer park. A club house for the use of the players has been built In connection with the court which will be opened for play today. With a fair-sized carso of oriental freight, the steamship Eld red go of the Pacific Steamship company's foreign fleet Is due In port Monday and will dis charge at the Smith coVe public terminals, where she will also take on a full ship ment for ports of Japan, China and the Philippines. The Eldridge Is bringing bales -of gunny, furniture, matting- and a big quantity of vegetable oil la bulk, barrels and in cases. PORT TOWNSEND, Wash.. May 23. (Special.) The Kohan Slaru, carrying a full cargo of lumber loaded at Seattle, Bellingham and. Tacoma, sailed this morn ing for Shanghai. The steamer Marquam, one of the Frank Waterhouse & Co. fleet of oriental steam ers, sailed this afternoon for ports in the j..r cast witn general cargo. . The steamer Fred Baxter, after turning turtle In the harbor late last evening, was loitea to Haaiock today, where she wilL he beached and her cargo of poles unloaded. After she is free from cargo an effort will uo maae to place her on an even keel. When she turned turtle it is believed her Doners dropped out. This will not be as certalned until later. The contract, for salvaging the vessel was let to the Inde pendent Towboat compipy. Because of low rates of freight and the difficulty in obtaining ilVArinroi In th orient, the steamer VancoirVer Maru, ar- i-L "... .l" morninff. brought no fane will load outward at Seattle. cargo. STATE BUDGET TO INTEREST Chamber Asks $150,000 for Aggressive Campaign. PROBLEMS NEED SOLUTION Oregon Divided Into Districts for . Solicitation After Plan Gets Solid Approval. K0ZER IS CONGRATULATED Telegram From Defeated Candi date One oT Many Received. SALEM, Or., May 23. (Special.) Sam A. Kozer, who was nominated for secretary of state in Friday's re publican primary election, today re cetved a flood of letters and tele grams congratulating him upon his success. Among these telegrams was one from Fred Lockley, who finished sec ond in the contest. Many of the let ters were from senators, representa fives and former state employes with whom Mr. lvozer is personally ac quainted. It was said here today that Mr. Kozer probably would be appointed secretary of state Imrae diately following the return to Salem of Governor Olcott, who is out of the city. Mr. Kozer today said that John Cochran, chief clerk of the senate during sessions qf the legislature, and ex-Portland newspaperman, would be appointed chief deputy in the state denartment. Mr. Cochran was em ployed on the staff of The Ofegonian for many years and his impendin appointment has met with unanimous approval here. Pacific Coast Shipping Notes. ASTORIA, Or., May 23. (Special.) The China steamer Hwah Wu. carrying lumber from Portland, sailed at 6- o'clock tonight for the orient. The steam schooner wahkeena, laden with lumber from Portland and St. Helens, sailed at 8 this morning for San Pedro. The gasoline cannery tenders Pioneer and Smile, from Portland, cleared for Seattle today. The steamer west Mvarla, laden with umber from Portland, sailed at 10 this morning on her 12-hour- trial run. She goes to China. The steamer Kayseeka. coming to load flour at Portland, arrived at 11 last night from beat tie. The steam schooner Shasta, with part cargo from Willapa. arrived at 12 last night and went to Rainier to finish. The steam schooners J oh an Poulsen and Daisy Freeman are due from San Fran cico en route to Portland. The steam schooner Daisy Matthews is due from San Francisco with freight for - Astoria, and will load lumber at St. Helens. SEATTLE, Wash., May 23. 'Special.) The steamer Magician, of the Harrison Direct line, is expected in Seattle next Thursday from Liverpool via San Pedro, San Francisco. Victoria and Vancouver, B. C. The vessel will load general cargo here and will then steam across the sound to Port Blakely, where the will take 600, 000 feet of lumber. She loaded 4.10.000 feet in Vancouver and will take 750.000 feet in Victoria, which will make a total of l.SQO.QQQ foct loaded in the north Pa- tUUS BAT. Or Vav -1 (Cn.MoT The steamship City of Topeka arrived from Portland this morning at 6:15. re maining in port until 5:05 this afternoon, when she sailed for Eureka and Kan Fran cisco. The Topeka took on a quantity of Port Orford cedar for San Francisco. SAN FRANCISCO, May 23. (Speclal.) After spending some time In this port, the Washington state training ship Vicks fcurg. Captain Eckardt, sailed today for San Pedro with her 60 cadets on board. It la the plan of Captain Eckardt to op erate the craft under sail only as soon as they set sail from the south on a cruise to the Hawaiian islands. In this way the cadets wll be given & chance to climb tne rigging and learn the art of furling bail. With a 75-horsepower semi-Diesel en gine installed, the Peterson launch Cres cent, Captain Frank Cousins, had her trial trip on tne Day today. Her showing proves that the craft Is an unqualified success. The Crescent was formerly op erated with a gasoline engine. Mr. Cousins conceived the idea of installing a crude oil burning engine and the work was started. The Crescent will now burn crude oil for fuel at the rate of 5 cents a gal lon as against the high cost of operation with gasoline. The launch will make a speed of lO to 11 knots an hour. It is believed that all of the other launches of the company will be similarly equipped and that other launch owners will follow the idea. 1 The steamer Homer, which was pur chased by Dan Hanlon and converted into a first-class wrecking steamer, had her trial trip on the bay today. The Homer was purchased by Mr. Hanlon from the Pacific Steamship company several months ago. The craft formerly plied in the coast run out of this port. The Japanese freighter Genoa Maru ar rived here today from Hong Kong via Muroran. The vessel put in for bunkers and Is bound for New York. Towing the barge Rufus E. Wood, the steamer Port Angeles of the Charles Nel son company, arrived here today from the Hawaiian islands. The steamer Costa Rico, that returned to this port Friday night after being bat tered by the storm that was raging oft the coast, is still in port. According to reports a number of the fishermen on board left the vessel when she returned. They were bound for the Alaska canneries. Weather reports received today stated that the maximum velocity of the "north wester" prevailing along the coast was 70 miles an hour, reported from the weath er bureau station at Point Reyes. Movements of Vessels. PORTLAND. May 23. Arrived at 9:50 A. M., steamer Tiverton, from Kan Fran cisco; at 10 A. M., steamer Kayseeka. from Seattle: at 8 A. M.. (at Rainier), steamer Shasta, from Aberdeen. Sailed, Chinese steamer Hwah Wu. for Taku bar; steamer West Jester, for North China, ASTORIA, May 23. Arrived and left up at 11 last night, steamer Kayseeka. from Seattle. Arrived at midnight and lert up at 1:30 A. M.. steamer Shasta, trom Aoer deen. Arrived down at 6 and sailed at 7:40 A. M steamer Wahkeena, for San Pedro. Sailed at 8:50 A. M-, steamer West Nivaria, for trial trip. SAN FRANCISCO, May 23. Sailed Steamer Rose City, for Portland. Sailed last night, steamer El Scgundo. towing barge 03; steamer Daisy, for Portland. MONTEREY, May 22. Sailed Steamer W. F. Herrin, for Portland. COOS BAY. May 23. Arrived Steamer City of Topeka, from Portland. SAN PEDRO, May 22. Sailed Steamer Dewey, for Portland via San ranclsco. SEATTLE. Wash.. May 23. Arrived Steamers Victoria Maru, from Kobe; Ad miral Schley, from San Diego; Argyll from Port San Luis. Sailed Steamer Marquam foa- Manila; Hyades, for Honolulu; Chicago, for fishln cruise. TACOMA, Wash... May 23. Arrived: Walllngford, from San Francisco via porta Sailed : Yonan Maru, for Yokohama; Ar gyll, for San Francisco. s Tides at Astoria Mondayr High. I-ow. 5:36 A. M 7.6 feet!O:06 A. M 2.7 feet 6:51 P. M....8.1 feet!0:26 P. M 0.4 feet Columbia River Bar Report. NORTH HEAD. May 23. Condition the mouth of the river at 5 P. M. : Sea, smooth; wind. west. 14 miles. Portland, $60,000; Oregon, outside of Portland, $90,000; these are the quotas Bet for the Oregon State Chamber of Commerce budget of $150,000 to be raised in a state-wide canvass dur ing the next two months. The state has been divided into six districts, exclusive of Portland, the divisions being made, as follows: District No. 1 Comprising centers of population in the following coun ties: Tillamook, Columbia, Washing ton. Clatsop, Yamhill, Multnomah and Clackamas. Some Districts) Are Large; District No. 2 Comprising the fol lowing counties: Linn, Lincoln, Ben ton, Polk and Marion. District No. 3 Comprising Coos, Douglas, Lane and Currv counties. District No. 4 Comprising the fol lowing counties: Douglas, Josephine, Jackson, Klamath and Lake. District No. 6 Comprising the fol lowing counties: Mood River, Des- cnutes, crook, Wasco. Jefferson. Shr. iio.il, Kiiccier, oniiam, Umatilla and Morrow. District No. 6 Comnrlsins- WoIIa wa. Union. Baker, Grant, Harney and Malheur counties. MOSt Of the centers f nnnnlatlAn rtf the state already have hn nr-c-nnW for their participation In the canvass, and field men are at work lining up me otners as fast as possible. The movement is enlisting enthusiastic support inrougnout the state, accord- tuts w oincers or tne state chamber. Asjcreaalve Advancement FoMlble. Determination of th hni-4- men tne IlXlng of thn mmti w. subjects given much consideration by unruiwrn or tne statn rhn they submitted the proposed plans to DW,,,D t m leaaing bankers, indus trial heads, merchants and others in tllA fitiltO wttn J . . cvvi uveu mem. With such a budget to operate with, officers of the state chamber rov h- organization will be able to advance Oregon's interests aggressively and aid in the solution of mth nPnKiAm. as land settlement, occupation of cut off and burnt-over land, advertising and publicity, tourist hotels and tou- ii&i travel, good roads, irrigation nnrt reclamation, industrial expansion and development of resources. yne or Oregon's big problems, it is pointed out, is to have manufactured locally Oregon's raw materials, and i k f made for work " 7 .. n wnen me state cham- ueen enlarged and strength ened. Nebraska Mas Tornado. PENDER. Neb., May 22. A small tornado swept this place late today, wrecking numerovs barns and small buildings and injuilng one man. A heavy wind blew in many windows in Thurston, five miles north of here, ac cording to reports. Class of 4 0 Initiated. " ALBANY. Or., May 23. (Special. Knights of Columbus of Albany and Corvallis co-operated in a meeting here today at which a class of about 40 candidates were initiated. Frank J. Lonergan of Portland, state dep uty of the order, was here and among other prominent visitors were the Rev. James N. Bloch of Portland, chancellor of the diocese, and the Rev. Frank Costello of Fort Wayne, Ind. spec'iai services will be held in the forenoon at St. Mary's church at which Rev. Father Arthur Lane, rector of the Al bany parish, welcomed the visitors and Rev. Bloch of Portland sroke. . I When in Doubt I Consult I I Property I S Specialists I Strong 6 Mactiaitihton Si B POOTLAXDCOSBCTT BoiL(Hi0octGOH;K Now is the time to buy You have never been of fered 6uch opportunity for interest and for profit as now opened to you by tax-free munici pal bonds of established progressive communi ties. Ask ns for list of bonds to yield you up to S7 ! for Kobe. 1138 miles from 8a.n Francisco, 8 P. M.. May 22. MALI. Honolulu for San Francisco, S miles west San Francisco. HALFAKALA, San Francisco for Cal cutta. 2-2 miles from San Francisco. 8 P. M.. May 22. LA BRiSA. Honolulu for San Francisco. 1090 milea trom San Francisco. 8 P. M.. Way 22. LANSING. San Luis for Hllo. S44 miles rom Hllo. 8 P. M.. May 22. SONOMA. San Francisco for Sydney, via Honolulu, 681 miles from Honolulu. 8 P. 11., May 22. W. F. HERRIN. Monterey for Linn ton. 237 miles from Monterey. MULTNOMAH, San Francisco ror tsan Pedro. 40 miles south of San Francisco. MAUI. 809 miles west of San Francisco. CAPTAIN A. F. LUCAS. Port Anselcs for Port San Luis. 234 miles from Port San Luis. RICHMOND, towing; barEO 83. Seattle for San Pedro. 801 miles from beattle. ERNEST H. MEIER. San Francisco lor Seattle. 15 miles north of San Francisco. TUG STANDARD. Wltn DarKO 1 in tow. 280 miles from Los Anceles. ROSE CITY. San Francisco tor roruana. 82 miles from San Francisco. SAN blBGO. San Pedro for Tacoma, ot. miles south of San Francisco. AVALON. San Francisco tor wmapa Harbor. 43 miles north of San Francisco. ANYOX, San Pedro for Ancnorage. i miles south of Farallones. TUG STORM KING, with scnooner joiq- en Shore in tow, San Francisco fof Astoria. 67 miles from San Francisco. - ACME. Kobe for San Francisco, ooo miica from San Francisco. OZMO. San Francisco lor oeaiue, o miles north of San Francisco. SILVER SHELL, San Pedro for Mar tines, 230 miles south of San Francisco. WBSTMONTOP. Honolulu for Lo An geles. 40 miles from Los Angeles. ORANI, San Francisco for Alexandria. 428 miles south of San Francjsco. PARA1SO, Vancouver, s. -.. or o.o Pedro. 240 miles south of San rancraco. DEWEY, Port San. Juis iot su Cisco. 215 miles south of San r rancisco. WHITTIER. Oleum lor f ori, hu ju,.. 81 miles from Port San t,uis. UNION. Richmond lor Ban rcarw. miles south of Richmond. GOVERNOR, Los Angeies lor n i clsco. 5 miles north ot rani Argue. .o. SYLVIAN AKKUW, jseauiuo Francisco, 190 miles aoutn oi o Cisco. Harvest Help Seems Plentiful. Hnon RIVER. Or.. May 23. (Spe cial.) Prospects for strawberry har vest help seems good this year, ac cording to the Apple browera asso ciation. With berry picking still a week off, families are already arriv ing here in numbers. The snipping concern states tnai numerous in quiries are being received from Port land families, who will mane tne berry harvest a profitable outing. Growers are urged to make prepara tions for comfortable quarters for their pickers. DAILY METF-OROIX1GICAL BKPORT. PORTLAND. May 23. Maximum tem perature. 60 degrees; minimum. 47 degrees. River reading at 8 A. M.. 12.7 feet: -change In last 24 hours, none. Total rainfall (5 P. M. to 5 P. M . 0.08 Inch: total rain fall since September 1. lfllft. 31.07 inches: normal rainfall -since September 1. 41.68 inches; deficiency of rainfall sinco Septem ber 1. 1B19. 10 59 inches. Sunrise. 4:30 A. M. : sunset. 7:45 P. M. Total sunshine May 23. 10 hours: possible sunshine. 13 hours 15 minutes. Moonrise. 10:43 A. M. Barometer t reduced to sea level) at 5 P. M.. 39.13 Inches. P.elativo humidity at 5 A. . M.. 02 per cent; at noon. 67 per cent; at S P. M-. 58 per cent. THE WEATHER. .iillll ! UMaiiaii; High-Yield Bonds ' !!" Mll'lii,, l'!!-i'i:.;!:!:ifiiiif:I!MlM'"Hit 1 !iii:uiliiiii;iiliiiiiilillllliililU Northwest Municipals Exempt From All Federal Income Tain. These are special assessment bonds, were bought as such and are offered a suvh. ' They Are: City of Rupert, Idaho Sidewalk. District. Yield 7 Per Cent Dated August 15. 19l. I'.stimntrd Maturities 1820-29. Denomination SIOOO. Price to Yield ?ce. 10 improve an already well-built city Is the purpose of this bond Issue. These securities combine maximum yield with the opportunity to assist in developing a Northwest community. v Rupert is the countv seat of the rich Minidoka County and Is located on the Twin Falls branch of the Oregon Short Line. In the heart of a very rich . and highly developed Irrigated section. The city -is the distributing point or an area that produces large crops of sugar beets, potatoes, alfalfa and grain. Principal and semi-annual Interest payable at the National' Bank of Commerce, New York. Telephone- or Telegraph Orders at Oar Expense. 130 CaMTAL I Out Million . Oollas: Morris Brothers his c7AerPremterQMuncipaIBondUou!e tlorrls Bide. 300-11 Stark St.. Bet. Fifth and Sixth Telephone Broadway 2151 g c o o 3 3 a 51 1 5 STATIONS. S S "g ? g Waathsr. 3 3 " I 1 3 3::: e 2 : : : I '.I Baker Boire Boston Calgary . . Chicago . Denver Des Molncs Kureka ... Gatveqton Helena Juneau Kansas City, L.OS AngeleaJ Marshfleld . Medford' . ... Minneapolis New Orleans . New York . . North Head.1 Phoeiflx . . .. Pocatello Portland . . . Roee-buric Sacramento IT- S. Naval Radio Reports. ( All nonltlnna rrLn4l - a n .... terduy unlrs otberwir indJcmted.) R..iA T," 71 ' 'r"c'ico ior u.. uiiies irom Man H'ra nrin " nurv ijcirt. fnrt anil fa. o - 10j mllen south of Columbia river MOFFETT. Pnw.ll r-U, r -1 J ' ' t a oj ll l ll ni nan h'rl r ba .i T. . " r -J"y "lilts Buutn or xatoosh. i x jv lUrKK A. CiTT rana Dl ,r.hTEfR8.e,!Ule 'or v'ta. 309 mile. u(n of Seattle. OLEN. Port San T.nU tnr t.,i.- oo in oi i-Normwest seal Rocks ELDRIDGE, Yokohama for Seattle 'an chored Port Townsend. . ' MATSONIA. San FrannlwA tj lulu. 1207 miles west of Sin VruiZ. Eacr?,n'n 8 P. M. Kiv I-?"'" QUABBIN', San Pedro for TCnhttl,,! irtc? miles west of San Pedro,' 8 P. M . May DEVOLENTE, Hild for San ' Francisco." miles west of San Francisco, 8 P. M., ELLOBO, Vancouver for Sun Frflnil.pn 160 miles north of Sah Francisco. WILLAMETTE. St. H.ln. ,. : Frsnclsco. 1C5 miles north dT San Francisco. HORACE X:. BAXTER. San -Pr.nnl.no for Seattle, 480 miles south of Seattle. HART WOOD. San Franrl.no tn Hriv. Harbor, 303 miles north of San Francisco. IDAHO, Grays Harbor for San Pedro, 30 miles southeast of CaDe Mendocino. noon. May 23. CHARLTON HALL. San Franrl.cn frntn Shanghai, 607 miles west San Francisco, noon. May 23. COLORADO SPRINGS, San Francisco 560.04I..IW Icioudy JjO.OO'lS'NW 48 0.12 10IXE taloudy 6-110. OO! . .w r6,0.OO:14IN 700.O6I2OSE 7B 0.1RI. .INE ICloudy 54 0.0OI12INW o.oo;. ,;se Pt. cloudy PL cloudy Cloudy Clear ..I 401 6(1. 0.0-11. .ISE I 40l54!0.00i. .IE ICloudy Clear IClear Rain -I. Salt Lake. Pan Dieeo. S. Franciscoi . first tin 44 Sitka 1 34' Spokane . Tacoma . 70!0.06'10jNE (Cloudy 7OO.O0i..W Clear 62 0.061. .INWiClear 6SO.0o:i0XWPt. cloudy 70;0.00. .INE IClear 92 0.001. .fSW IClear 6OO.O0!12'E IRain d3'0.18I14iK IPt. cloudy IM'O.OOI. .iNWICIear 6S 0.201. .IW IRain 6O1O.0SI121W IRain 6410.02'. .1N"W IClear 76O.0OI..IS IClear 80 O.OO' INWFRaln 72 0 .221 . . Is ICloudy Bs:o.0O'10!XW! 62 0.0O'14'W S2;o.t2l20ISW r2'o.ooi. .1 4Sl ."vS'O.OO'lK'SW 441 Ji2'0.24llOW Tatoosh I.d.l 44! 4S!0.3 tSW Walla Walla' 48! 2n.no io,sw Washington . . . I 6S 0. 0O! . . IE WlnniDer ..... T2O.0OI12iSE Yakima I 42I 64 0.00'20:NW IClear Clear Cloudy k?loudy fcloudy Cloudy Pt. cloudy Pt. cloudy Cloudy Clear Pt. cloudy tA. M. inr day. today. "P. M. report of preced- FO RECASTS: Portland and vicinity Generally fair: westerly winds. Oregon and Washington Generally fair; moderate westerly winds. liiaho Monday fair; light to heavy frost southwest portion in the eftrly morning. Inc Q mm nam wvoem najaiiiwaaiLSM Basoc bum. Ham $150,000 STOCK OFFERING OF THE WESTERN RUBBER COMPANY of Tacoma, Washington PORTLAND BRANCH OFFICE 903 N. W. Bank Building, Portland, Oregon The Pacific Highway, the most traveled road in the Northwest, runs in front of the premises of the Western Rubber Company, in South Tacoma, Washington. The factory is ideally located, and has a capacity of 750 tires and 1000 inner tubes per day which, with a little additional machinery, can be increased to 1000 tires and 1500 inner tubes per day. Here will be manufactured the SOUND TIRE in an ever-increasing number. Mileage, has to be put into a tire in order to get mileage out of it. - Depend upon it, mileage will be put into the SOUND TIRE. You are invited to subscribe to the stock of this company while it is still selling at par. It - now has assets in excess of a half million dollars. Your name and address on the lines below, when mailed to us, will bring a booklet giving ybu full particulars of this attractive invest ment, or we should like to have you call in person at our Portland Branch Office, 903 Northwestern Bank Building, Portland, Oregon. Name. Street No. City or Town. Tax Exempt Freeman Smith CAMP CO. BONDS LET MORTGAGE LOANS - INSURANCE FIRST O. W. T. MUELLHAUPT & CO. "THE FINANCIAL HOUSE OF SERVICE WRITE YOUR INSURANCE LINES t. S. TVsrfl nansk BWf. Cl"TUr $600,000.00 Preferred Paper Mill Stock We offer the unsold portion of the $600,000 issue cumulative 8 Preferred Stock of the Oregon Pulp & Paper Co., Salem, Oregon. - ' . This mill. Is one of the most modern paper mills In tho country. !s equipped to make high gtrade eulphite specialties, such as glassine and sTreaseproof papers at present not manufactured on the Pacific coast, as well as wrapping, tissue and waxing papers. The mill buildings are about completed, the machinery being erected, and the plant will be in operation very shortly. This preferred stock Is cumulative from July 1. 1920. pays S per cent per annum, dividends payable monthly; none of tho Htock of this com pany either preferred or common has been sold for less than par. $100 per share. The ownership of the $600,000 common stock rests largrely with K. W. Ieadbetter. the president, also president of the California-Oregon Paper Mills with mill in Los Angeles, and for 25 years a large stockholder and director of the Camas, now the Crown-Willamette Paper company. And the C. K. Spaulding lxgging company, which owns a saw mill adjoining the paper mill at Salem, and furnishes the new mill with sawdust for fuel and the necessary wood for the 60 tons of sulphite daily made in the sulphite mill. Mr. C. K. Spaulding, the president of the logging company, being vice-president of the paper mill, and the fact that Mr. Spaulding and Mr. L.eadbetter each own one-half of the Spaulding lgging company, which in turn owns nearly one billion feet of timber with its own logging roads, assures the new paper mill of its raw materials without the great expenditure for timber usually necessary to supply a great paper mill enterprise. These two Interests combined with the heavy holdings of the local Salem stockholders, and Mr. K. S. Collins and the Ladd estate of Port land, comprise the- ownership of these mills and makes of this plant a distinctive Oregon corporation, designed, owned and operated by Oregonians. For detailed information apply to Roy H. Mills, Sec'y C. K. Spaulding Logging Co. and the Oregon Pulp & Paper Co., 805 Oregonian Bldg., Portland, or the Oregon Pulp & Paper Co., Salem, Oregon. These Six Per Cent Income Tax Exempt Road.Bonds are backed by two of the richest agricultural counties in Washington State. Each Priced gjjf Qf to Yield 2 0 WHITMAN COUNTY Dated May 1, 1920, due serially 1921-30. Semi-annual interest. Denominations $1000. YAKIMA COUNTY Dated June 1, 1920, due serially 1921-30. Semi-annual interest. Denominations $1000 and $500. LEGAL INVESTMENTS FOR SAVINGS BANKS IN OREGON, WASHINGTON AND CALIFORNIA. IiMnloiMil Uador- Sporvsion,Orago Sata Banking DepailmeajC. Bonda Trusts Acceptances Lumbermens Bldg. FOUR ATTRACTIVE INVESTMENTS With Ample Security Due S'th'rn California Edison 6s 1944 Canadian Nat'l Ry. Equip- ment 7s :.. 1935 Pacific Gas & Elec. Sec. 7s. . 1925 Carnation Milk Products Co. 7s 1925 Price 88.50 99.00 97.125 Yield 7.00 7.10 7 7fcr w v 96.50 7.85 Blyth, Witter. & Co. UWIED STATES GOVririEfr MUNI OPAL AUD CORPC3?AII02T J50MD3 YEON BUILDING PORTLAND, OREGON Telephone: Main 3304 'ban Francisco New York 0 Seattle Los Angeles Phone Your Want Ads to The Oregonian