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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (May 31, 1920)
15 THE MORNING 1 OREGONIAN, - MONDAY. MAY 31. 1920 R6 OF GRAIN IS PUZZLING CROP Problem Is Presented to the Bankers of Northwest. BUMPER YIELD EXPECTED Reports From Inland Empire Ter ritory Say Outlook Excellent. Fruit, However, to Be Scant. The problem that is causing the bankers of the northwest some worry - now is how funds are to be provided for handling- the bumper grain crop that is expected in the inland empire territory. With the general tighten ing of the financial market, insistent ' reduction of loans that has followed the policy of the Federal Reserve bank to squeeze out some of the in flation as a means of returning to pre-war levels, it is going to tax the ingenuity of the financiers to finance - the crop movement. Undoubtedly temporary assistance from the Fed eral Reserve bank will be necessary to do so. A conference was held at Spokane a week ago Saturday by the heads of the clearing house associations of Portland, Seattle, Tacoma and Spo kane, at which the matter was dis cussed. At the same time, group two of the Washington Bankers' associa tion held a meeting in Spokane at which the visiting bankers were in attendance. As this group includes the district in which most of the Washington wheat is grown, the dis cussions naturally drifted to the - same question of handling- the needs of the crop movement. So that it was a session of unusual interest to the clearing house representatives as well as the bankers of that district. Re ports were that the crop outlook is excellent. Fruit crops have been damaged by frosts in the Walla Walla section to the extent of a total fail ure In some localities it was reported. Those who attended the clearinghouse association conference were E. G. Crawford, president, and W. I Thompson of the Portland association and two representatives of each of the other cities. The United States National bank to morrow will begin occupancy of a part of the Elks' building recently ac quired for the necessary expansion of that instltiitlnn Th(pt.tA maphina book-keepers will be located in the annex that has been connected with the main bank building by cutting a door through the masonry walls. The expansion relieves somewhat the con gestion in the bank and removes the disturbance caused by the noise of the machines in operation. E. G. Crawford, vice-president of jna unitea Males rauonai DanK was one'. of the principal speakers at the session of group two of the Oregon Bankers association which, met at In. dependence Friday. His topic was "Credit Inflation," and he told the . bankers that if the country is to get back to normal without a shock, it will be necessary for the local, state and national governments as well as individuals to stop extravagant ex penditures. Group two is composed of the territory embraced in Linn, Benton, Polk, Marion and Lincoln counties. There were bankers present from thirty-two cities and towns. O. M. Plummer, manager of the Pacific . International Livestock exposition, gave an illustrated lecture and Oscar Hayter of DallaB spoke on mortgage loans. Another bank will be added to the financial institutions of Multnomah county tomorrow when the recently chartered Troutdale State bank opens its doors for business. O. J. Hawken son, a banker of many years' expe- . rience, formerly of Osaeo, Wis., and who after coming to Portland was for several years assistant cashier of the State Bank of Portland, from which he retired last year to devote his at tention to the lumber industry and home building, is rresident of the bank; L. M. Cleek, for several years credit man of Krausse Bros., whole sale shoe dealers, i- vice-president. - The officers actively engaged in the bank will be H. E. Boyd, cashier, for merly cashier of the Multnomah State . bank at Lents and more recently con nected with the State Bank of Port land and Kelso State bank. Troutdale has the double advantage of location ' in a prosperous farming community with considerable industrial develop ment that makes it a good pay-roll town. Numbered among the stock holders are several local men of prominence. An attractive bank - building has been erected for and is now owned bv the hank. ViTturp. nf quarter-sawed oak have been installed and everything is complete except the manganese safe and vault fixtures, delayed In shipment because of the freight embargo. Temporarily burglar-proof safes will be installed. Five Oregon banks have just been admitted to membership in the Fed eral Reserve Bystem, notice of which has been received at the local branch from the San Francisco bank. The banks admitted are the Wasco county bank. The Dalles; the Bank of Wood burn; Bank of Helix; Bank of Myrtle Point, and First State bank of Pilot aock. i no w asco county Dank Is a new institution which will open for business tomorrow, and all of the others are old established banks. Applications are in process of ap- proval for a number of other state banks and there is a decided inclina tion on the part of bankers to get Into the organization. m m m Portland bank clearings for the first five months of 1920 total 1776 748,714. as compared with 1599.456,311 for the corresponding -eric of the preceding year. This gain of almost 28 per cent in business volume as in dicated by the operations passing through the clearing nouse represent . ed transactions of 24 business days for the month as compared with 26 In May, 1319. For the month, the total was $149,352,702, as against $132,826.. C X . tnr th aam month n f 1111 F. E. Marsh of Spokane is the latest addition to the bond sales force of the Lumbermens Trust company. He ar rived in the city a few days ago and immediately entered upon his duties. Mr. Marsh has been in the general bond and mortgage business at Spo kane since bis discharge from the army, where he served two years as captain of infantry. He is a grad uate of the University of Minnesota and was admitted to the general prac tice of law at St. Paul just as Amer- " lea entered war. He then answered the call and after hostilities had ceased he decided to come west. The man who buys bonds today when ' they are at the lowest price in history will not only receive an exceedingly attractive rate of interest while he 'holds the securities, but will be able to sell his bonds at a handsome profit " upon return to normal timet, accord FliHC ing to Frank W. Camn of Freeman. Smith & Camp company, bond dealers of Portland and San Francisco. He ssys that bonds of well-known muni cipalities and communities of the northwest are selling at prices a little short of ridiculous, and if the public generally realized the opportunity presented - there would be a wild scramble to purchase long term, tax exempt securities before conditions change. Investments Are Attractive. The war has brought on an un precedented condition resulting in a decline in prices of the safest and highest grade securities," said Mr. Camp. "Bonds and securities of other kinds which only a few months ago were selling at high premiums and which sell at high premiums during normal times, are being sold in many instances today at par or below. ine alert investor does not buy when the market is at the bottom or at the top: he buys when prices are moving. Other commodities are ex cessively high. The investor, how ever, is the fortunate consumer of to day. He is the only one in the world who is getting the best of it with conditions as they are now. At is Impossible to state when the prices of bonds and other securities may begin to mount. They may be mounting now. Look at the rise in the price of liberty and victory trbnds. In some of the issues there has been an increase of more than five points in me week. If this continues then NEW FINANCIAL INSTITUTION AND COMMUNITY OPENS DOORS TROUTDALE the prices of municipals will begin to move upward. The person who today purchases a bond and holds it as prices rise Is in a position to sell at a profit. Not only does he stand to make money on his principal, but he is regularly collecting the high rate of Interest. "The long-term municipal bond makes the best investment, for in it are the opportunities for increase in values. Unprecedented are the values today. Imagine a municipal, tax exempt bond selling to net investors 7 per cent. These same bonds only a few months ago were celling to net investors slightly more than 5 per cent. Fortunes Built TTpw "Some enormous fortunes were built up in the past by the purchase of securities in the years immediate ly following wars. The great fortune of the Rothchilds was founded on the purchase of English consols im mediately at the close of the Franco Prussian war. In 1870 France sold 5 per cent bonds at 82. In ten years, or in 1880, these bonds advanced to 120.85. "Bonds of municipalities and other sub-divisions of the state have to be paid. They have behind them all of the taxable resources of the com munities issuing them. Census re ports show that the growth of the cities in the northwest has been steady and substantial and there is every indication that this growth will continue for the country Is still in the development stage." Sidney J. Graham, general counsel for the State Bank of Portland, has been appointed by Governor Olcott on the committee of 15 to make recommendations to the legislature of 1921 on all matters pertaining to industrial accidents and workmen's compensation. Mr. Graham is the only attorney on this committee and also has had broad experience in pub lic welfare matters, having formerly been chairman of the legislative bu reau of the City club and chairman of its committee on public affairs. Blyth, Witter & Co. are offering their participation of a new issue of province of Manitoba 6s due May 15. 1925, at price of 93.84 to yield 7.50 per cent. The firm is also offer ing J100.000 in the S10.000.000 Ohio Cities Gas company 7 per cent con vertible gold notes maturing 12,000, 000 annually each June 1, 1921 to 1925, inclusive.. These notes are convert ible into the common stock of the company at $45 a share from June 1, 1920 to May 31, 1921. The conversion price increases $1 a share during each succeeding 12 months. These notes are the direct obligation of the com pany, comprising its only funded debt. Price to yield 8 per cent. At the last meeting of directors of the union Oil company of Delaware, Charles H. Schlacks, president, re ported a total of 18 wells drilling in various properties throughout the country. Fifteen wells are drilling in California, of which three are in new territories. In West Virginia one well is drilling, two rigs are up and nine locations have been made preparatory to drilling. One well is drilling in Oklahoma and others will be drilled there following its completion. One well is drilling also in Wyoming. Four new wells brought in recently, three in California and one in West Vir ginia, have combined Initial produc tion of more than 1600 barrels daily. In the present financial situation. the northwest municipal bond offers to discriminating investors the great est opportunity since the civil war and constitutes the finest means of placing cash where it will Insure safe. constant returns, according to John L. Etheridge, president of Morris Bros.. Inc. "Northwest municipals stand today as the pick of the securities on the market, said Mr. t-theridg-e. "Their tax exempt feature and the splendid backing of communities or districts behind them, puts them in first place. Added to this is the low price and the high yield. Thus, it will be seen that in them is embodied all of the essentials or high-class investment. "Always backed by first-class dis tricts or communities, the municipals are becoming ever better investments, for the reason that the entire north west is being developed in every direc tion. This increases the value of every bond connected with the growth of the states embraced, inasmuch as it puts behind each one just that much added security. The municipal bond is the best investment and in a coun try with such potential wealth as the northwestern states, it is even more to be chosen." j " ... . ... -..m m-; m; 1 1 '; ; . 1 - KiO'rJN- 1 Hi -lift ;i-rr,Tv;;i:,.i i -$ POULTRY SITUATION TO BE T Encouragement Prevails Spite of Obstacles. in OREGON NOW EXPORTING Considerable Quantity of Eggs Ex pressed to New York and Other Eastern Centers. In spite of the fact that western Oregon and western Washington are expected to produce over twice the number of eggs this year as last, and that the price of grain continues to advance, the poultry situation is con- TO . SERVE SUBURBAN TOWN FOR BUSINESS TOMORROW. STATE BANK. sidered highly encouraging at this time. Oregon has entered into the egg-exporting fielid and last winter a considerable quantity of the poultry product was shipped by express to New York and other eastern centers. A recent bulletin from the office of the Oregon Poultry Producers' asso ciation says in part: "Western Washington and western Oregon will produce this season ap proximately two and one-half times as many eggs as were produced last year. In view of this excess many poultrymen are wondering how they will handle their product and what the outcome will be. While it is true that the outlook seems discouraging in some ways, a careful study of the conditions which actually exist seems to lend encouragement as to the out come. Prosperity Is Vfnioar. "The government' market reports show that in the five principal mar kets of this country New York. Chi cago, Philadelphia, Boston and San Francisco there were in storaere on April 17 in round numbers, 8.000.000 cases of eggs, as compared with 30,- 000,000 cases last year at that date, While it is true that western Wash ington and western Oregon have in creased their egg production ma terially, this is a local situation that the entire country can take care of. "There are two stages in the pro duction or any foodstuff which are profitable; frst, when the production less than the local consumption, and second, when the production is sufficiently in excess of the local con sumption to permit the excess being shipped to other markets. Oregon has advanced into the latter category and further development of the out side markets should mean greater prosperity for the poultryman." The educational extension serv'ce being maintained by the Oregon Poultry Producers' association has proven highly popular and a large number of meetings have been held since the formation of the associ tion last July. On Saturday night session was held at Rickreall, which was attended by nearly all the pool trymen of that neighborhood. A. S. Weiant, formerly of the United States department of agriculture, and now poultry specialist for the Fisher flouring mills, was the speaker. The association now has a highly efficient staff for the carrying on of F". K. Martb, hond walfiman, joins LambemeBi Trust com pany staff. its extension work and expects to add two more poultry specialists soon to the list of speakers available. In addition to Mr. Weiant. the lecturers under the educational project are C. S. Brewster, formerly of Oregon Agricultural college and now poultry specialist with Kerr-Gifford company, and U. Ll Upson, general manag-er of the association. Both the Portland Flouring- Mills company and the Al bers company expect to engage poul try specialists in the immediate future and these men. wWen obtained, will give lectures under the extension course, it is announced. ABERDEEN GETS FUEL Gasoline Shortage Keiiered, but " Roscburjf's Grows Worse. ABERDEEN. Wash., May 30. (Spe cial.) The acute gasoline shortage of V I i 2 f I '"A - - - f the past few days has been relieved by the arrival of 2000 gallons last night from an emergency supply source and this- morning two tank by the arrival of 2000 gallons Friday from Seattle. Standard Oil officials said that the line of supply from Wyoming, superseding that from Cal ifornia, has now been established, and no further famine will be experienced. ROSEBURG, Or., May 30. (Special.) Roseburg faces a gasoline famine which the Standard Oil station man agement announces is apt to con tinue for at least a week nnless a car of gasoline consigned to some other city can be" diverted. Practically all service stations and garages have completely exhausted their supplies. Several farmers coming to the city for the strawberry carnival were un able to get sufficient gasoline to take their machines, home. One service station when the shortage became acute doled out gasoline In one-gallon lots, but even at this rate the supply lasted only a short, time. JAP-KXFSSIAX CLASH LEAVES CITY EXCITED. Power Supposed to Have Been Re turned, bnt Nothing Is Done Without Japanese Sanction. " SEATTLE, Wash., May 30. (Spe cial.) Vladivostok has been in a turmoil of excitement ever since the clash between Japanese troops and Russians last April, according to ad vices received in Seattle today from the Siberian shipment center. In describing conditions in Vladivostok, E. L. Matteson, agent of the Pacific steamship company in that port, in letter to J. J. Gorman, general agent of the company in the orient with headquarters in Shanghai, saytt The Russians are supposed to be fn power once more but few moves are made or decisions are held unless the Japanese have first given their sanction. "At) the Japanese are constantly bringing in more troops and equip ment it is easy to understand why the Russians allow them to dominate their political affairs. The Russians are now blaming the Americans for retiring and allowing the Japanese to take possession Of the city, not withstanding the fact that two weeks before the Americans were with drawing, the Russians were loud In their denunciation of all things American. DAILY CITY STATISTICS Marriage licensee. HOWARD-JOHNSON V. M. Howard. 25, 635 Linn avenue, and Irene Johnson, 25. 971 Commercial street, NORTON-HOM Herbert C Norton, le- eral. 736 Kast Burnslde street, and Iva M. iom. legal. u isast xwenty-eignm street jNortn. READ-MATH ES Guy R. Read. 24. 7902 Fifty-ninth avenue Southeast, and Edith Hazel Mathes, -19, 1576 Belmont street. fill.BKRT-PRlEN Howard E. Gilbert. 22, 992 East Caruthers street, and H. Ber- nice Prlen, 19, same address. LE-LARAMI B. J. lee. 1 lasi Nineteenth street North, and Betty 12. Laramie, 24, etje East Washington street. STRICKLAND-WALKER Charles Al bert Strickland, legal, 875 Alblna avenue. and J&mma J. Walker, legal, 30 i weiith street. BOOSE-SPRINKS George E. Booie, le- crai. Penrose apartments. and Marie Sprfnks, legal. Fourteenth and Taylor streets. MINOR-THOMAS Donald B. Minor, ler gal. Hotel Arthur, and Marian H. Thomas, legal, 6437 Sixty-third street Southeast. JOSEPH - LfSHlNSKY Robert Joseph, legal, 112 First street, and Anna Lushin sky, legal. Fourth and Harrison streets. GEiER-BUROKER Carl S. Geyer. 24. 417 Etist Thirty-fourth street, and Neva Buroker, 22, Imperial hotel. ST. JOHN-SAMRKRT Lewis St. John. 28, 512 East Tyler street, and Cellna bam- wri, o, same au dress. PUKLMN-ROK1NSON Charles O. Pur- din, legal, Penrose apartments, and Eva Robinson, legal. Sell wood moorage. NEISS-UDELL Joseoh A. Neiss. 24. 14 East Fifty-sixth street North, and Alice ii.tnei Udell, i, 985 Montana avenue. JACK-LOUGH LIN Cecil Jack. 35. 249 Oak Street, and Marrarftt Marv Lnuirhlin- 28, 894 Fifth street. HASSELSTROM-BODTVR Ttr C. T Hasselstrom, legal, 612 Dekum building, and Beda Bodine. 36. 605 Twentv-first street. WE.VDEBORN - SmwiRR -Rnhi- V H. Wendeborn. 23. 142 East Mnrrisnii street, and Eleanor Amolia Schwabs. 19. 479 Elizabeth street. CH AMBERS-HOLLOW A V William a Chambers, 26. 6916 Fifty-seventh avenue Southeast, and Roberta Holloway, 25, 4404 Fifty-eighth avenue Southeast. r&L.Ajci - tnijiwtiiSR Andrew Pel kev. 32. 324 Mnrknt. nrs.t ani uH Anna Bellinger, 60, same address. . WEBB-McKAIN Georm H whh K 64 East Twelfth street North, and Martha Roberta McKain, 25, 668 Madison street. NAY LER-SCHITRF.I. Jnhn r tmi 84, 428 Mill street, and Marjdrle Schu bel, 24, 504 Carmellta apartments. STEWARD-HOPPLE LeRoy Steward. 23. Slay ton. Or., and Frances Hoonle. 23. 1296 Union avenue North. Professor Leaves for Europe. EUGENE. Or., May SO. (Special.) Professor Lewis Rosenberg, member of the faculty of the University of vregon, ana Mrs. Rosenberg left today tor toe east and will soon sail for Europe. Included in their Itinerary are Paris and Athens. DAILT METEOROLOGICAL BKPOKT. PORTLAND, May 30. Maximum tern perature, 61 degTees; minimum, 43 degrees. River reading at S A. M.. 11.4 feet: change in l&Bt 24 hours, 0.2-Xoot fall. Total rain- lau to f. m. to o f. At., trace: total rain fall since September 1, 1919, 21.22 inches: normal rainfall since September 1, 42 10 inches; deficiency of rainfall since Septem ber 1, 1919, 10.88 inches. Sunrise. 4:25 A. M. ; sunset, 7:52 P. M. Total sunshine, 11 hours and 21 minutes: possible sun shine, 15 hours and 27 minutes Moon rise, 6:10 P. M. ; moonset, 3:20 A. M. Ba rometer (reduced to sea level) 5 p. M., 30.22 Inches. Relative humidity: 5 A. M.. 84 per cent; noon. 69 per cent; 5 P. JJ.. 47 per cent. THE WEATHER. 3? STATIONS. Baker ..... Boise ...... Boston ..... Calgary .... Chicago .... Denver ..... Des Moines . Eureka ..... Galveston . . Helena t Juneau Kansas City Los Angeles. Marshfield . Med ford Minneapolis 2t5l 500.00..N jPt. cloudy 1 unm An vnr t'i... o. u.Wiusc riiear 50'0.0. . N"W Cloudy 64 O.CIO 12 NK 76 O.OO . . W 82 O.0O . . SB 5410.00 lOiN 84 0.00 . . S Clear Clear Pt. cloudy Clear Rain Cloudy :Clear 54 0. 01112 MW! 78IO.OOI. .IE 72;O.OOl. .ISW 62I0.O0I12INW Clear Clear Clear 68,0.OO!20!NW, Clear Cloudy Cloudy 84IO.OO;i4 s 84iO.OOl. .iSW 74IO.0O112SE New Orleans New York fClear North Head. 50;0.04 26NW Cloudy Clear Phoenix ... Pocatello .. Portland . . Roseburg .. Sacramento St. Louis . . Salt Lnk . San Diego . ban Fran. . Seattle .... tSitka Spokane .. ioo;o.oo . . w eoio.oo . . w eojo.oo 12IN 6K.O.0O 14 IN 84 0.0OI. . W 7Sl0.14ilO,SE 68 0.0O12lN 6410. 0O. . IS 66 0.0022 ISW Cloudy Clear IClear rClear Pt. cloudy . lear Cloudy rClear 58 0.1812iN Pt. cloudy 44!52 0.00 . '-iear Cloudy Cloudy Cloudy 381 58;0.04.. 44! 58 0. 341. . isw Tacoma Tacoma Tatoosh tvidei i-N ..I 441 58!0:34l. . N W ft- ciouay Clear 3S O.OO sw Walla Walla SO BOIO. 001 Pt. cloudy Washington Winnipeg .. 8:: o.oo io se Clear -1 580.0212;NE Pt. ciouay t A. M. today. 'P. M. report preceding day. FORECAST. Portland and vicinity Fair and warmer northwesterly winds. Oregon and Washington Fair and warmer; mooerate northwesterly winds. 13 SHIPS CHARTERED Contract to Net U. S. in First 5-Year Period $20,000,000. TOTAL TONNAGE 90,000 Vessels Include George Washing ton, Pocahontas, Mount Vernon, President Grant, America, WASHINGTON'. May 30. Thirteen former German passenger ships with an aggregate tonnage of more than 90,000, have been chartered to the United States Mail Steamship com pany with the France and Canada bteamship corporation "as uncondi tional guarantors' for trans-Atlantic service, the shipping board announced last night. The contract calls for navment of 3.b0 a ton each month, the net re turn to the government for the first five-year period It covers being esti mated at more than $20,000,000. Opt low Is Included. Ships Involved include the George Washington. Pocahontas, Mount Ver non. Callao, Susquehanna, President Grant, America, Princess Matoika, Agammenon, Antigone, Freedom and MA.tawflKka.- Thv will Ks rornnH i tioned bv the United States Mail . c:taornDr,tn VJL- I pense. At the termination of the lease this company "has the first chance to purchase the vessels at prices and terms then to be fixed by the board" the announcement said. In case of purchase, the company will be credited with the amount spent in reconditioning", minus de preciation at the rate of 7 per cent per annum; if it does not consum mate the purchase, the amount spent in reconditioning;, minus depreciation, will be returned in cash. Firm Held American. The contract also provides that In the event that the steamship com pany enters into any contract with the North German Lloyd Steamship company or the Hamburg-American lines for the use of the piers, ware houses, facilities, etc, of either of said companies, such agreements shall be subject to the approval of the shipping- board. The steamship company Is also to have the right to run services to Mediterranean ports. The stock ownership and manage ment of both the United States Mail Steamship company and the France and Canada Steamship corporation are 100 per cent American. the state ment said. E IS L KATE G. FEDERSOX TO START TAKTNG OJf LUtBER. Last Group of Vessels Built Sommarstrom Xards Sent Down Ways. by As the last of the group of vessels constructed by the Sommarstrom ship buildmcr vards at Columbia Citv. the barkentine Kate G. Pederson was launched Saturday and will begin loading lumber for the trans-Pacific trade shortly. The vessel, as a ship ping board hull, was purchased and completed by the Sommarstrom com pany and sold by that company to the Pederson company of San Francisco. Miss Pederson. daughter of the head of the San Francisco concern which owns the barkentine, acted as spon sor for the vessel. A large number of spectators were on hand to watch the barkentine leave the ways and the towboat State of Washington stood by. The Kate G. Pederson is the eighth and last of the group of a wooden sailing vessels built by the yards at Columbia City. She has already been chartered to carry lumber to Aus tralia and will begin loading here shortly for the Douglar Fir Exploita tion & Export company. She was laid down at the Sommarstrom yard as the wooden steamer Delos, but after the cancellation of the contract by the government plans were changed and she was made into a sailing vessel and rechristened by her San Francisco owner. Pacific Coast Shipping Xotes. SEATTLE, Wash.. May 30. (Special.) The local offices of .the emergency fleet corporation will open bids at noon Tues day on the job of converting the 10,500 ton Japanese-built steamship Eastern Sailor from a coal-burner into an oil burner. The contract will approximate $75,000 and will go to one of the Seattle yards. The Eastern Sailor arrived re cently from Japan and was delivered to the shipping board. Extensive changes and alterations, to taling more than $150,000 in cost, were completed on three Japanese-built ships by Seattle yards last week. The vessels are the Eastern Gien, the Eastern Maid and. the Eastern Tempest. The Duthie plant handled the Eastern Glen job. while the Eastern Maid job was handled by the Pacific Coast Engineering company and the Eastern Tempest Job by the Todd plant on Harbor island. G. S. Atwood. chief marine clerk of the Seattle Merchants' exchange, yesterday severed bis connections with that insti tution to accept a position with the Cary- Davis Towboat company and the Pacific Towboat company, assuming bis new; du ties the first of the week. He is succeeded at the marine desk at the Merchants' ex change by Charles Arthur Astley. who la promoted from the grain department. With shipments ox zretgnt wnicn will be discharged In 8eatlte and forwarded aboard the steamship Victoria of the Alaska Steamship company to St. Michael, the motorshlp Ozrao. owned and operated by the Northern Commercial company, ar rived at pier 10 last night from San Fran cisco. Arter discharging tne otmo will go on berth, in Seattle for Bethel, on the Kuskokwlm.' The steam schooner Mukilteo, which arrived in Seattle last night from San Francisco, brought 200 tons of freight, which will be sent to Bethel aboard the Ozmo. The motorshlp will have ship ments of mining machinery and supplies for the Kuskokwlm district. The sailing of the vessel for Bethel has not been def initely set, but will probabry be June 16. The Ozmo will also carry passengers from Seattle to Kuskokwlm. PORT TOWNSEND, Wash., May 30. I (Special.) Carrying; a big; cargo of lum ber loaded at Belllngham, the steamer I Robin Goodfellow sailed this morning tor the orient. Brineinr only a small amount of freight. tne Japanese steamer Erie Mara arrived this afternoon from Yokohama. She will remain here until tomorrow morning, when she will proceed to Seattle to dis charge and load return cargo. With lumber and general cargo, the Jap anese steamer Horalzan Maru sailed early this morning for Yokohama and iiobe. The schooner ELinore K.. built at the yards of the Dockton plant at Quarter master harbor and launched yesterday, will shift to Seattle Wednesday to be out fitted and her rigging is laced. She is a wooden craft has a carrying capacity for 1.&O0.0O0 feet of lumber. Bringing a big general cargo, including 2435 bales of silk, the K. T. K. steamer I Suwa Maru passed fn at Cape Flattery to day, proceeding to -Victoria, for which port she has some freight. She has a full list of passengers, among whom is Samuel 11111, the well-known railroad, magnate. who is returning from a business tour of ihe orient. She -will arrive here tonight to await quarantine Inspection. Monday morning. ASTORIA. Or- May 30. (Special.) After discharging fuel oil and gasoline in Astoria and Portland, the tank steamer El Segundo with barge 93 in tow sailed at 5:30 today for California. The tank steamer Oleum, bringing a cargo of fuel oil for Astoria and Portland, arrived at 3 this morning, from California. The steamer Silverado, with lumber from Portland, sailed at 8 this morning for An tafogasta. She will stop at San Pedro for fuel. The steamer City of Topeka, bringing freight and passengers for Astoria and Portland, arrived at this morning from San Francisco via way ports. The steam schooner Daisy Matthews fin ished loading lumber at St. Helens today. 4 and will sail during the night for baa Pedro. - The steam schooner Salvo is due from San Pedro to load lumber at the Hammond mill. SAN FRANCISCO, Msy 30. (Special.) After being delayed in this port for over a month through damage caused by fight ing a fala alarm fire in her cargo of 180,000 cases of oil when it was only escaping steam, the steamer West Cape, Captain Donovan, sailed -this morning at 11 o'clock for Chemulpo, Korea. While lying off pier 32 nearly a month ago one of the members of the engine room force reported what he thought was smoke from the vessel's cargo of oil ascending one of the ventilators. Kire boats and tugs responded to the alarm and tons of water were pumped into the vessel's forT ward hold. However, when the cargo in that part of the ship was discharged up the river, it developed that there bad been no fire on board. The West Cape is operated by the Bar ber line and was chartered by the Standard Oil company to carry case oil from Phila delphia to the orient. Three stowaways who came into this port on the Norwegian steamer Baja California some time ago from Valparaiso will be re turned to that place on the General Steam ship company's steamer Meriden when the vessel leaves this port late tonight. The men, since their arrival in this port, have been confined at Angel Island. The Meriden, Captain R. Farley, is mak ing her first trip to South American ports under operation of the General Steamship company. The Peterson tug Tatoosh sailed out this morning with the Pacific Freighters com pany new xtve-masted barken tine Kath erlne M.ack1! .m the maiden trip of ino crait na i&t or the five barken tine hulls that was purchased by the Pa cific Freighters company to be finished. The vessel will load lumber at a northern port tor offshore destination. H. F . Alexander's" steam yacht, the AqulIIa, arrived here today from San Pedro via Port San Luia .Built for the account of the TTnitert States Shipping board In Japanese yards iu ma gnem, ine steamer eastern Im porter arrived here lata Saturdav nlrht The vessel was loaded with cargo for Mitsui oc o.. ana as soon aa discharged she will be turned over to the government. With one of the heaviest cargoes of co roan ut oil and molasses entering this port in some months, the Struthers & Dixon freighter Devolante arrived today. The vessel orougnt iouo tons or cocoanut oil i rorri manna ana 7000 tons of molasses uvui iuo Hawaiian islands. U. S. Naval Radio .Reports. (All positions reuorted at ft 1. M . M o j uuicsa oiDerwiH lnujcaled.l BROAD ARROW. San Pm nruK tnr- onangnai, ou muea from Ban Francisco, 8 P. St.. May 29. STANDARD ARROW. San PranH,M xoKonama. juzf miles from San Francisco, 8 P. M.. May 29. HIADES, Belllngham for Honolulu, 667 mnes irom 'latoosh. S P. M.. May 29 DERBY LINK. Manila for Kin Knn clsco. 1704 miles from San Francisco. 8 P. M.. May 29. PORTER. Gaviota for Everett, 638 miles from Gaviota. RICHMOND, towing barge 85, San Pe- aro igr roini wens, aw miles from San Pedro. C. A. SMITH. San Francisco for rrtrt. Bay. 170 miles north of San Francisco. QUEEN, San Francisco for Seattle, Q65 1 miles south of Seattle. TUG HERCULES, dry dock pontoon In tow. Seattle for Oakland, 100 miles from San Francisco. CELILO, off Northwest Seal Rocks. KLAMATH. Portland for San Francisco 163 miles north of San Francisco. J. A MOFFITT, San Pedro for Seattle. 545 miles from Seattle. CAPTAIN A. F. LUCAS, Seattle for Richmond, 50 miles from Seattle SPOKANE, for Ketchikan, 144 miles north of Seattle. STORM KING, with drydock In tow, SeaUle for Oakland. 22 miles from Seattle: 9 P. M.. May 30. COLONEL E. L. DRAKE, San Pedro for Hilo. 515 miles from Hilo at 8 P. M., May 29. BROOKDALE. Port Allen for San Fran cisco, 1040 miles from San Francisco at 8 P. M.. May 29. WILHELMINA, Honolulu for San Fran cisco. 695 miles from San Francisco at 8 P. M., May 29. DELWOOD, Mahukona for San Fran cisco, 470 miles from San Francisco at 8 P. M., May 29. WM. H. WEBB. New York for Yoko hama, via Honolulu at 8 P. M.. May 29. COLUSA, Honolulu for San Francisco, 985 miles out at 8 P. M., May 29. BRAUE COEUR, Honolulu for San Fran cisco, 134S miles from San Francisco at 8 P. M., May 29. QUABB1N, Kahulul for. San Pedro, 1639 miles west of San Pedro at 8 P. M., May 29. WEST CACTUS, San Francisco for Yoko hama, 1400 miles from San Francisco; 8 P. M.. May 29. EDITOR, San Francisco for Honolulu. 1710 miles from San Francisco; 8 P. M., May 29. HALEAKALA, San Francisco for Cal cutta, 1910 miles from San Francisco; 8 P. M.. May 29. EASTERN GALE, Belllngham for Hono lulu, 1469 miles from Belllngham; 8 P. M., May 29. WEST ELCAJON. Honolulu lor norl and. 1403 miles from Portland; 8 P. M., May 29. MANOA, San Francisco for Honolulu, 1348 miles out; 8 P. M.. May 29. ARGYLL, Port San Luis for Seattle, 770 miles from Seattle; 8 P. M., May 29. DILWORTH. San Pedro for Honolulu, 780 miles from San Pedro: 8 P. M., May 29. LABREA, Honolulu for San Francisco, 142 miles from San Francisco; .8 P. M., May 29. LOS ANGELES. Port Angeles for Sac Francisco, 60 miles from 8an Francisco; 8 P. M.. May 29. FRANK H. BUCK, Port Costa for Linn- ton, 85 miles from Port Costa; 8 P. M., May 29. ADMIRAL NICHOLSON, san Francis co for Santa Barbara. 10 miles south of San Francisco; 8 P. M., May 29. DELLWOOD. . Mahukona for San Fran Cisco, 2.ro miles from San Francisco. 8 P. M.. May 29. PARAISO, San Pedro- for San Francisco, 43 miles south of san Francisco, e P. M May 29. JOHANNA SMITH, Coos Bay for San Francisco. 60 miles north of Ban Fran cisco. 8 P. M.. May 29. WEST NOMEXTUM. San Francisco for Portland, 63 miles north of San Francisco, 8 P. M., May 29. WEST IRA. San Francisco for China, off San Francisco lightship. 8 P. M., May 29. DELISLE, at noon. May 29, 30.85 miles northwest of San Francisco bound for Port land from San Francisco. MRRIDF1N. San Francisco for San Pedro I Is Property I 1 Investment 111 Snetrtilatmn II We !- TT becomes the former M if purchased and man- H aged right, the latter if w bought blindly or man- H aged carelessly. IStron4eMacrlau4hfoni POaTLAMP J COBBtTT BmiDIHG Q OBtCON j jjj TAX EXEMPT BONDS TOMORROW'S See Tuesday Newspapers for List of Particularly Attractive Buys to ELD 6 o 7: YI Morris Brothers ins I OwcMlLUOM "no 7remtercMunicipaIBondrHouso Morris Bide S09-11 Stark St.. Bet. Fifth aad SUtk XeleDboa Broadwar ti&X 25 miles from Saa Francisco, 8 P. M., May 29. Movements of Vessels. PORTLAND. May 30. Sailed at 6 P. M. Steamer Daisy Matthews, for San Pedro. Arrived at 5 P. M. Steamer City of To- peka, from San Francisco, via Eureka and Coos Bay; at IO p. M-. steamer Oleum, from Port San Luis. ASTORIA, May 30. Arrived at 4:30 and left up at 7 A. M. Steamer City of To- peka, from San Francisco, Eureka and Coos Bay. Sailed at 7:45 A M. Steamel Silverado, for west coast. Arrived at 1 and left up at 10:30 A 11. Steamer Oleum, from Port San Luis. Sailed at 7 last night Steamer Johan Poulsen, for Port land. SAN - FRANCISCO, May SO. Arrived Steamer Willamette, from San Pedro; at 1 P. M steamer Rose City, from Portland. Sailed at noon Barkentine Katharine Mackall, for Portland, in tow tug Tatoosh; sailed at 9 last night, steamer Delisle, for Portland. SAN DIEGO, May 29. Sailed steamer Wahkeena, tor Portland, via San Fran cisco. BAN PEDRO, May 29. Arrived Steam er Santiam, from Columbia river. NEAH BAY, May 29. Arrived at noon and saiiled at 4 P. M. Tug Samson and barges Forest 1 and Forest 2, from Port land. PORT SAN LUIS, May 30. Arrived- Steamer Haxtum, from San Francisoo lor Portland. SAN PEDRO. May 30. Arrived Steam er Shasta, from Columbia river. SEATTLE. Wash., May 30. Arrived Steamers Admiral Farragut. from Loe An geles: Jefferson, from southeastern Alaska. and Mukilteo. from San Francisco. -Sailed Captain A. F. Lucas, for San Francisco $150,000 Stock Offering OF THE Western Rubber Company OF TACOMA, WASHINGTON PORTLAND BRANCH OFFICE 903 N. W. BANK BUILDING, PORTLAND, OREGON The president of the Western Rubber Company is Mr. Elmer Dover, who resigned the vice-presidency of one of the largest utility corpora tions of the United States to assume the presidency of the. Western Rubber Company. Of him, Mr. Henry Rhodes, one of the principal merchants of Tacoma, Washington, says: "He is a high type man, well and especially well tnougnt ot by nis neignDors ana tenow townsmen. I consider him a splendid business man, far sighted; keen, evenly balanced and of good judgment; and a good organizer and a strong leader. "As president of the Western Rubber Company he has associated with him a number of our foremost business men, and" I feel very sure he will be very successful in this undertaking." Your investment, therefore, in the Western Rubber Company will be in safe hands, and it will be in the right business, namely: that of manufacturing SOUND TIRES, which we will distribute in the whole Northwest. It will cost you nothing to investigate this investment. Your name and address on the lines below, when- mailed to us, will bring a booklet giving you full particulars, or we should like to have you call in, person at our, Portland Branch office, 903 Northwestern Bank Building, Portlaffd, Oregon. Name. Street No. City or Town. Ohio Cities Gas Company 1 Convertible Serial Gold Notes Due June 1, 1921 to 1925 Inclusive. A valuable convertible privilege into the Common Stock of the Company. Gross earnings of the company have increased from approximately $40,000,000 in 1918, to $54,300,000 in 1919. Present net earnings are more than $19,000,000 per annum. Call for further particulars. PRICES TO YIELD 8 Blyth, Witter. & Co. UNITED STATES GOVERJC-lE.Tr MUNICIPAL AITO CORPOSVJIOK BONDS YEON BUILDING, PORTLAND San Francisco Seattle New York Los Angeles. II ' Trade With the Orient With correspondents of the highest standing in China, Japan,' India, and other countries of the Orient, and branches in all the principal ports on the Pacific Coast of North America, this branch is excellently equipped to serve the interests of the grow ing trade with the Orient. The Canadian Bank of Commerce Fourth and Stark Streets, Portland, Oregon Four hundred and eighty-five Branches in Canada, also Branches in London, England; Mexico City, Mexico; Havana, Cuba; Kings ton,' Jamaica other Branches will be opened shortly in Central and South America and British West Indies. FINE NET RETURNS OFFERINGS Spokane, for outneaaterB" Alaska; tux Storm King, towing Skinner as Eddy dry dock section No, 4. for San Francisco. TACOMA. Wasn May SO Arrived Steamer Ketchikan, from Alaska, porta, COOS BAT. Or., May 80. ( Special. . Sailed at 7:oo A. 21 Steamer Brooklyn. lor San Francisco. Columbia Blver Bar Report. NORTH HEAD, May SO. Condition t . the bar at a P. M. Sea. smooth.; vtad northwest. 26 mllea. Tides at Atarfa Moaday High. Lew. :89 A M..-0 feet 0:42 P. M...7 1 feet :33 P. M...X1 fee STEAMER HARVEST QUEEN Daily Except Sunday to Astoria. Effective Saturday night. May S. O.-W. It. & N. steamer Harvest Quean leaves Portland Ainsworth dock at S P. M. daily except Sunday, instead of daily except Saturday. Connects at Astoria with steamer Nahcotta for North Beach. Returning, leavoa Astoria 1 A. M. daily except Sunday. Adv. Liigbt Showers Visit Hcppncr. HEPPNER, Or., May 30. (Special.) Light showers have visited this sec tion within the last day or two and indications are for more moisture. The wheat generally is looking well, and. the prospects are good for an aver age crop. Farmers in the Lexington and lone sections say a good rain would insure a bumper wheat crop. Read The Oresonian classified adB. - known throughout the nation, unsubni OvnQoMtm I