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