TITE MORNING OREGQXIAN. MONDAY. OCTOBER 25, 1920
17
MILLS INVADE EAST
Jantzen Firm to Open Office
in New York City.
SOUTH YIELDING TRADE
Honolulu Buys City-Made Bathing
Suits; Thousands of Dollars
Flowing Into State.
The announcement yesterday that
the Jantzen Knitting mills of Port
land will establish a sales office in
New York city is significant -of the
way in which Portland industries are
Invading- the eastern field.
This concern has already been
ending- goods to the Atlantic sea
board in addition to having & sub
stantial business already established
In the Chicago and Cleveland district
as well as in Kentucky and Florida
a.nd other parts of the south.
John A. Zehntbauer, president of
the Portland concern, announced that
his brother C. R. Zehntbauer, who is
ice-president, will leave for New
Tork city in a few weeks to open the
office. Negotiations are already un
derway for space In the Pennsylvania
hotel. He hopes to be able to open
the office, he said, in about three
weeks.
WMf Money ComfN Here.
The mills are already operating a
fcales force of eight men. from the of
fice of their Chicago agent with the
result that large orders are being sent
to Portland from that district and
middle western money Is being
brought here.
Not only has the Portland firm In
vaded the east and middle west, but
It is also making inroads in the
Pacific coast field.
Mr. Zehntbauer said that one or
the salesmen of the firm had sent in
orders for $40,000 worth of the manu
factured article from the Los Angeles
district during the month of Septem
ber, all for next year's delivery.
In addition, Portland-made bathing
suits are being worn at Honolulu as
a result of the activities of the Port
land firm. Mr. Zehntbauer is author
ity for the statement that the Port
land manufactured bathing suits are
desplacing the hula hula garments of
that land of love, ladies and honey
moons. Portland Is Enriched.
As a result of this nation-wide
activity of the Portland plant, which
is located at East Twentieth street
and Sandy boulevard, several hundred
thousands dollars Is annually brought
to Portland.
The Jantzen Knitting mills. In ad
dition to its factory on the east side,
maintains two snores in the down
town section.
An editorial by Sydney B. "Vincent in
the last number of the Portland Cham
ber of Commerce bulletin points out
that Oregon is overlooking one of the
greatest potential sources of revenue
existing in the state through the non
development of the possibilities of
tourist traffic to this section of the
west.
Oregon produces annually millions
upon millions worth of timber and
Agricultural products, says the edi
torial, and if these crops failed or the
timber was wiped out by fire the
calamity would be immeasurable, but
the scenic wonders of Oregon are
table and lasting and it is necessary
only to "get the house in order" to
yeap the harvest.
State's Brat Crop.
"Oregon has one crop, which, prop
erly nurtured, will bring In a single
year greater financial returns than
any of the products of hey soil, than
any of the riches of her- mines, than
any of the products of her rivers, and
it is not being skillfully cultivated.
"It is being fertilized through pub
licity; it is being fostered through
the expenditures of millions upon
millions of dollars for hard surface
roads and for macadam roads, but
such fertilization will do little good;
it will only produce a fraction of the
potential revenue; the crop cannot be
harvested to Us maximum until addi
tional cultivation is brought about.
'This refers to Oregon's one never
failing crop the harvest brought into
fruition by the tourists. Not ten
thousand of them, but the several
hundred thousands who would come
to Oregon every year If the house
Iwas in order. The house Isn't in or
der. It is not yet fully built, and
therefore cannot be In order to wel
come our prospective-guests. Oregon
must invest some of her money In the
Crater lake region; she must build
half a dozen hotels about Mount Hood
she must provide comfortable ac
commodations, with good food and
beds in a dozen other scenic spots in
Oregon."
Portland people are reported to be
retting behind the work of financing
the Portland Vegetable Oil Mills com
pany In a substantial manner and the
management hopes to be able to start
work on the erection of the 100-ton
plant shortly after the first of next
month.
This plant is to be put up on the
He on which an option has already
been secured, it is announced. Or
ders for the necessary machinery
have also been sent in and are to be
released by telegraph when the work
of financing is completed.
The proposed plant will mean the
annual importation of copra to the
value of H. 000. 000 and the exporta
tion of the manufactured oil in ex
cess of Jti.000.000. it is declared. This
will mean that the plant will bring
82.000,000, or more, annually to the
city.
MILL IS CALLErFFINEST
K1UGEF1ELD, WASH., $200,000
PLANT COMPLETED.
Bratlie Rro. Company Largest In
dividual Producers of Cedar
Products in District.
I
RIDGE FIELD, Wash., Oct. 24.
(Special.) In an article appearing in
its edition of September 1 the tiulf
Coast Lumberman characterizes the
new cedar siding and shingle mill
recently built here as "the finest mill
of its kind in the world."
The new mill Is owned by the
Bratlie Bros. Mill company, and repre
sents an investment of about 9200.000.
It is eW-ctneally driven throughout,
each machine having its individual
motor.
The power house equipment con
sists of three 72xlS high-pressure
boilers and a large Allis Chalmers
steam turbine of the Parsons type,
direct connected to a generator
capable of producing 1000 horse
power of electrical energy.
The Bratlie Bros. Mill company
operates two mills In Rldgefleld and
are probably the largest individual
producers of cedar products In the
Columbia river district. The oper
ation of the mills is superintended by'
J. L- Bratlie with two assistant super
intendents, J. E. Lftyne and Thomas
Layne. The sales department is pre
sided over by H. J. Bratlie,
EAST OREGON IS DAIRY Fl F.LT
Specialist Finds Alfalfa Thrives In
Irrigated Districts.
Irrigated districts of eastern Or
egon offer splendid opportunities for
successful dairying, according to E. B.
Fitts, United States and Oregon ag
ricultural college dairy field special
ist, who recently made a trip to that
section. The climate Mr. Pitts de
clares to be favorable and there is
In addition an abundance of the right
kind of feed.
"The dairy cow for maximum prof
itable production must have a liberal
amount of protein," says Mr. Fitts.
One of the cheapest and best sources
is alfalfa hay. Experienced dairymen
everywhere recognize its value and
feed large amounts of it even in
places far distant from point of pro
duction. "Alfalfa thrives luxuriantly In the
irrigated regions, and corn, or sun
flowers, in the higher belts does well
and provides succulence of an ideal
nature as silage."
SWISS BOXDS SELIi EV XT. S.
$6,000,000 of Issue Offered for
Public Subscription.
The ready market found In this
country for foreign bonds carrying a
high interest yield is evidenced by
the fact that last Monday an under
writing syndicate headed by a group
of international banks offered for
public subscription $6,000,000 city of
Zurich,- Switzerland, 25-year 8 per
cent sinking fund gold bonds due in
,1945. The books were opened at 10
o'clock and closed at noon, the loan
being heavily oversubscribed.
The bonds were offered at par.
They are required to be retired from
a 2 per cent semi-annual sinking fund
at 107 and accrued interest, which
provides for all the bonds to.be re
tired within 25 years at a premium
of 7 per cent.
A number of Portland dealers. In
cluding Freeman Smith & Camp com
pany, are members of the underwrite
ing syndicate.
WATER BENEFITS TOLD
BEST WATS OF POTATO IRRI
GATION FOTJXD.
Experiments of 12 Tears at Oregon
Agricultural College Disclose
Correct Crop Methods.
Irrigation of potatoes at the Oregon
Agricultural college experiment sta
tion has been carried on for 12 years,
under conditions where rainfall for
the growing season. April 30 to Octo
ber 1, is five and one-half Inches, and
the average evaporation about ' 24
inches.
Willamette silt loam, on which
these experiments were conducted,
has a maximum capillary water con
tent of about 34 per cent, an optimum
moisture content of about 24 per cent,
and a wilting point of about 14 per
cent. The minimum moisture content
under field conditions ts 10 or 12 per
gave a higher seasonal
moisture content. associated with
higher yields.. Two irrigations proved
better than the same amount applied
with one heavy irrigation.
Most economical returns were se
cured with light frequent irrigations.
which provide a uniform moisture
content. Irrigation of one inch every
10 days has given very economical
returns and is good practice for gard
ens. Potatoes do best with a uniform
moisture content. The best time to
irrigate potatoes in this soil is when
the moisture content in the first foot
drops to the 20 per cent point in per
cent dry weight. Two light irriga
tions have given good returns and
three light irrigations have given
economical returns' in dry seasons.
The most economical returns ob
tained with potatoes have been se
cured when the depth applied per sea
son was 6 inches in wet seasons and
two to three inches in dry seasons,
while maximum yields have been
produced with three or four inches
in wet seasons, and six inches in dry
seasons. Application of nine inches
depth decreased the yield below that
obtained with six inches.
Applying water in furrows 10 to 18
rods long has proved a suitable length
of run for the srilt loam soil. It has
been found disastrous in experiments
to neglect cultivation after irrigation.
Range Steers Not Marketable.
Only steers fed alfalfa and silage
at the eastern Oregonbranch experi
ment station. Union, were in good
marketable condition at the end of
the feeding period. The others had
to be turned out on pasture to get
proper finish. In the spring of 1918
the best 24 head were shipped to
Portland, while the others were
turned on pasture. Some of these
lots had received hay only, while
others received five pounds of bar
ley with the hay. The station re
port bulletin 174, "Fattening Steers"
says:
The cattle each year were In a half
fat condition not enough finish to
sell satisfactorily and too fat and
too large to turn on pasture.
The Victory medal can be worn on
the uniform only on occasions of mili
tary ceremony. Each army medal is
sued bears a serial number which is
recorded in the adjutant-general's of
fice at Washington, D. C, under the
name of its owner.
Making Business
Property Profitable
rTHE ability to , realize a
reasonable amount of
profit from any investment
is governed by the efficiency
with which that business is
managed.
In reference to office build
ings, apartment houses, ho
tels and industrial plants,
successful operation is a
matter of management
which is as willing to handle
petty problems as it is
able to overcome greater
obstacles.
We Manage and Develop
Property
Strong 6 Macriauhton'
PIG CLUBS PROSPER
MARION
Banker of Salem Puts Youth
at Work Raising Pork.
FUNDS LOANED FOR START
From Small Beginning Thousands
of Animals Are Now Being
Fattened for Fall Market.
SALEM, Or, Oct. 24. (Special.)
The lowly porker, which, because of
its tendencies to trespass on the lands
of those other than Its master, is se
piited to have been responsible for
more homicides and disputes in the
rural districts than -have been pro
duced through any other single
agency, has, with the possible excep
tion of the Oregon prune, wiped out
more mortgages and other financial
obligations than any product linked
with the industrial activities of this
state, according to George W. and D.
w- Eyre, the former of whom is
known locally as the father of Ma
rion county's pig clubs.
About six years ago George Eyre,
then active in the affairs of the
United States National bank of this
city, became enthused with the pos
sibilities of the pig and set to work
to ascertain how the lowly animal
might be advanced to its proper niche
in barnyard society. Raising of pigs
In those days was a hit-and-miss
proposition, according to Mr. Eyre,
and the industry had not been con
ducted on a scientific basis.
Mrs Pig Club Launched.
Being well supplied with, money,
Mr. Eyre sought out a source of sup
ply and later went before the chil
dren of the county and urged that
they take, an interest in the produc
tion of the porker. The children im
mediately expressed a willingness to
comply with Mr. Eyre's suggestion,
but meekly admitted that they were
without funds. It was then up to
the banker to strike a happy medium
Mr. Eyre then started the work of
launching Marion county's first pig
club, which has grown, steadily, and
last year had a membership of 139.
Through the bank in which , he was
interested Mr. Eyre advanced the
members of the pig club sufficient
money to purchase a porker. For
this cash consideration the youngster
placed in the bank his or her prom
issory note, payable as a rule from
six to eight months after date of
issuance and drawing interest at the
rate of 6 per cent.
Club Members Prosper.
From this small beginning the
members of the pig club prospered,
and in some instances they paid off
the notes before they came due in ad
dition to buying more porkers. To
day a number of the original club
memDers are rated as among the most
substantial pig raisers in Marion
county, and their products have taken
blue ribbons at the state fairs and at
other competitive exhibitions.
That the pig industry in Marion
county might be placed on a scientific
basis Mr. Eyre conferred with the
faculty of tnfc Oregon Agricultural
college, with the result that the mem
bers of the club were furnished with
literature indicating how to best care
for the porkers both for breeding and
market purposes. Under the tutor
ship of this literature and frequent
visits by the college experts the chil
dren became Interested in the propa
25 -Year
gation of the pig and today thousands
of these animals are being fattened
and placed in condition for the fall
market. To get the best results in
any community Mr. Eyre believes
that the child should be encouraged,
for it is he or she who will be the
prosperous agriculturist or' livestock
raiser of tomorrow.
Anmual Competition Held.
To further encourae the children,
Mr. Eyre annually gave prizes for
the four best pigs raised by members
of the club, together with arranging
competitive events closely linked
with the Industry. Exhibiting of the
products of the club at the state fair
also was encouraged, while enter
tainment features helped to stimulate
and create an Interest in the indus
try. Mr. Eyre said the honesty of the
children had been proved beyond any
doubt, and that in the six years
which his bank had been advancing
funds to the youngsters, not more
than three or four of the entire num
ber of borrowers had failed to liqui
date their obligations. This record,
Mr. Eyre said, could well be emu
lated by their elders.
Since the retirement of George W.
Eyre from active service in the bank
his son, D. Wv Eyre, has been the
guiding mind in the pig club work.
The younger Mr. Eyre believes that
the example set by his father should
be continued and to that end the pig
club of Marion county will continue
to prosper and grow.
JUNIORS TO EXHIBIT STOCK
Boys' and Girls' Clubs to Figure In
Big Portland Show. ,
OREGON AGRICULTURAL COL
LEGE, Corvallis, Oct. 24. (Special.)
Boys" and girls' clubs throughout
the state will have exhibits in the
Pacific International Livestock expo
sition at Portland, November 13 to
20, according to information received
at the extension service ifrom Frank
Sexton, county club leader for the
state.
Clackamas and Multnomah county
clubs will each send six calves .to the
show, while the Shedd Jersey Calf
club of Linn county will send five
and the Iouglas county club four or
five. Clubs in other counties are ex
pected to participate also. The Til
lamook county calf club now has 23
members, and the valley counties are
making a good showing in the opin
ion of extension workers. Multno
mah, Clackamas, Marion and Uma
tilla counties are advancing rapidly.
Special quarters will be provided
by O. -M. Plummer, manager of the
exposition. Three girls, one from
Klamath county and two from Coos,
have signified their intention of at
tending. Quarters also will be ar
ranged for them.
GLTJB MEETS BOND INTEREST
Funds Deposited to Care for Cou
pons Maturing May 1.
Sufficient funds to meet all Interest
coupons on the bonds of the Univer
sity club of Portland maturing on
May 1, 1918, and prior thereto, have
been deposited with the Title & Trust
company, according to Albert I
Grutze, trust officer.
The club recently increased Its dues
$1 per month for each resident mem
ber and the additional income derived
from this source and such other funds
as may be available are being turned
over to the Title & Trust company
quarterly until all overdue interest
coupons have been paid.
- Fifty-nlner Appears Again.
The "Fifty-Niner," a publication is
sued by the employes of the Ladd tc
Tilton bank, appeared last week for
the first time since last June when
It "closed its columns and retired
for the summer vacation," according
to its leading editorial. Articles hu
morous and otherwise, personal para
graphs and announcements of interest
to the employes combine to make a
cheerful little sheet intended to fos
ter a spirit of co-operation and mu
tual interest.
As this entire issue has been
as a matter
$25,000,000
Kingdom of - Denmark
8 Per Cent Sinking Fund External Gold
Dated October 15, 1920.
Interest payable April 15 and October 15. Coupon bonds in denominations of $1000 and $500
registrable as to principal only. Principal, premium and interest will be payable as well in time
of war as in time of peace, irrespective of the nationality of the holder. Principal, premium and
interest will be payable without deduction for any Danish taxes, present or future, in New York
City, in United States Gold Coin of present standard of weight and fineness,
at the NATIONAL CITY BANK OF NEW YORK, Fiscal Agents for This Loan
THE Government of Denmark will pay as a sinking fund to the National
City Bank of New York, the fiscal agent for the loan, sums sufficient
to retire $1,250,000 principal amount of bonds annually from the sixth
year up to and including the twenty-fifth year. Bonds are redeemable on
any interest date as a whole on or after October 15, 1925, or in part
through the operation of the sinking fund on or after October" 15, 1926,
at 110 if called for redemption on or before October 15, 1935, and at 1071
if called for redemption thereafter; the moneys in the sinking fund shall
be used to purchase bonds in the market if obtainable up to and including
the redemption prices set forth above. -
Price 100 and Interest -
Bonds etffered for subscription if, as and when issued and received by us, subject to allotment
and approval of counsel. Delivery in temporary form is expected on or about November 1, 1920.
The National City Company
Offices in more than fifty cities
. PORTLAND, TEON BlILDISG.
. Telephone Main SOT 2.
BONDS ACCEPTANCES PREFERRED STOCKS.
The above Information has been obtained partly by cable, from official statements and statistics.
While we do not guarantee, we believe it to be correct. Ail statistics relating to foreign money
- are expressed In terms of United States gold dollar at par of exchange.
IEST0RS' FAITH
J RAILS RESTORED
' X
Stocks and Bonds Climb Af
ter Rate Increase.
12' ROADS SHOW GAINS
1 6 Per. Cent Rise, or $11 a Share,
Is Rise Since 1816; Advance
Believed to Continue.
Public confidence In railway secur
ities as investments has been greatly
increased by the passage of the trans
portation act and the decision of the
Interstate Commerce commission
granting large Increases in rates. The
facts show that substantial increases
in the prices of railway stocks and
bonds followed immediately after the
rate decision of the commission, al
though the upward trend was barely
perceptible following the passing and
signing of the transportation act.
"Development indicated." says the
Railway Age in its current issae,
"that investors were "from Missouri'
and after all the years of unwise and
unfair regulation had to be 'shown'
that there was really going to be a
policy of dealing with the railways.
Since the rate advance decision was
rendered on July 31, railway securi
ties have lost their sluggishness and
have . pretty steadily advanced In
prices. There has also been a large
increase in the number bought and
sold on the New York stock ex
change." Rails Show Gains.
The Railway Age gives the follow
ing figures showing the Increases
that have occurred between July 30
and October 9 in the prices of the
stocks of a number of important rail
roads. First column low price July SO, 1020.
day before rate -Increase was announced.
Second column close week ending October
9. 1920. ,
Railroads , JUT so. Oct..
A. T. & 8. F . 70 8S
Atlantic Coast line 83 90
Baltimore & Ohio 31V4 4V4
Illinois Central .. S3 95
. M A St p.. 32 ,,ov4
C. R. I. & P 34 if, 83
N. Y. Central 67 4 7914
Norfolk & Western 101
Northern Pacific 70 89
Southern Railway ...Y.Y.Y.Y." 27 SI
union f'acmc 114 126
An analysis of the above figures
shows that the average high mark
reached in 191S by the stocks of the
12 trunk line railways selected for
comparison was 8104. The average
price of the same stocks the day be
fore the rate decision was rendered
was 867. while the average price the
Banking Service
Your banking requirements may be entrusted to
this bank with every confidence that careful and
efficient service will be rendered.
'THE CANADIAN BANK OF COMMERCE
Portland Branch, Fourth and Stark Sts.
sold, this advertisement appears
of record only.
Va J-s-LVl. ALU XJIVFJ.U
Due October 15, 1945.
week ending October 9 was $78 an
increase since the rate advance case
was decided of til a share, or over
16 per cent.
IiTUttn Aiala Confident.
"On the whole." says the Railway
Age. "the figures show that the rate
advance decision of the Interstate
Comperes commission has had a
strong tendency to increase the con
fidence of investors in railway secur
ities. If the net returns earned by the
companies on the new rates prove to
be as large as the commission estim
ated when It' rendered its decision,
the advance in the prices of railway
securities should be continued, and
such advance is necessary to enable
the railways to raise the capital re
quired to increase their facilities.
"While nnder conditions of great
general business activity and pros
perity most railroads cannot hope
to earn and pay as large returns as
the more successful industrial com
panies, the rate-making provisions of
the transportation act should have
the effect of making the return which
the railroads will earn much less un
certain that the returns of industrial
concerns. Certainty of return is quite
as attractive to many Investors as the
possibility of large returns when
business is good obtained at the risk
of receiving only small returns when
business is bad."
TOURISTS RUSH, TO COAST
J. L. Etheridge Back From Vaca
tion In California.
John L. Etheridge. president of
Morris Brothers Inc., bond dealers,
returned Friday from a month's va
cation In California, "where he has
been travelling by automobile
through the southern part of the
state down to1 and over the Mexican
border1.
Mr. Etheridge says LosAngeles is
a booming town, with more actual
building under way than any other
city in the country, especially in the
residential districts, and that tour
ists are pouring into the city with
every train.
"There's no place - like Southern
California at this time of the year,
and Los Angeles Is a fine town," said
Mr. Etheridge. "I like that city far
better than San Francisco. To my
mind, Los Angeles can be compared in
many respects to Portland and San
Francisco to Seattle."
'Mr. Etheridge says, however, that
the towns just across the Mexican
border are unsanitary and unwhole
some and that disease and squalor are
evident on every band. Coming from
the Mexican towns into the United
States again made him feel glad that
he is an American, he says.
$200,000 Dairy Plant Finished.
CHEHALIS, Wash., Oct. 24. (Spe
cial.) The work of completing the
big 3200,000 plant of the Lewis-Pacific
Dairymen's association in this city
is well along and it is hoped to have
the factory ready for business within
a short while. President Scollard and
the men associated with him on the
board of trustees are hopeful that
in the manufacture of powdered milk
a solution may be found that will
help out in the low prices which milk
has unfortunately reached in the Pa
cific northwest. c
Bonds
What 9 on Your Money Mens j
t 94.82 will net a profit of
4i4.10 will net a profit of
948.20 will net a profit of
4,i41.00 will net a profit of
.f'J52-00 win net profit of
18,964.00 will net a profit of
Tni !? on the basis of Investment (as scientifically com- 5
2 f"lted I" the 6 Gold Notes of the City of Edmonton.
o.ro,Xlnce of Alberta, which we are offering upon a basis of
94.82, maturing in 22 months or September 1. 1922. sj
'B
General Obligation
6 GOLD NOTES
EDMONTON
Province of
elding
Exempt From
Dated September 1, 1920. Due September 1. 1922. ' Price 94.82
Prices Subject to Change Without Notice i
The resource and prosperity behind this lsane are too -well kum
to mention here. "
FINANCIAL STATEMENT "
Gross assessed valuation $S6,65.715.00
Value municipal property (not including public
utilities) f 11.035.376.00
Net debenture debt 9.48S.997.00
Revenue from public utilities (above cost of opera-
xt1.10," ; 767,773.00
Net local improvement debt (rate payers' share) .V... 3.046,763.00
In addition to- being General Obligation Notes, these are secured
by long time debentures totaling $2,594,420.
Denominations S10O, 950O and SIOOO
Principal and semi-annual Interest (March 1 and September 1)
payable in U. S. Gold Coin- in New York City and at the offices of
Morris Brothers, Inc. Legality approved by Atalone. Malone &
Long, Toronto.
B E iTelephone or Telegraph Orders at Onr ExpenselBBBB
MORRIS BROTHERS, Inc. :
"The Premier Municipal Bond House.'
Established
Over a
Qimrtfr
Century.
Portland. Or.
30D-11 Stark.
Other Offices i
Huh, and Si
3 Year
General Obligation 6
Gold Bonds
, Canada's Largest and Wealthiest Province
ONTA
Due Oct. 1, 1923. Den. $1000.
These bonds are exempt from all Dominion Govt. Taxation
Price 96.68 Yield 7.25
A Banking Service
Deposit Your CHECKING
f--"-" uiuiur- a olxarviu tjrxjfm
BROADWAY
Province of Manitoba
6 Gold Bonds
Due Oct. 1, 1925.
Price 95.24
To Net 7.15
CITY OF ENTERPRISE, OREGON
6 Improvement Bonds
Dated April 1, 1920. Due April 1, 1930.
PRICE PAR TO NET 6
Detailed Information on the above issues will be supplied upon request.
Qarstens & paries, Jncorporated
Estl 1891.
Government, Municipal and Corporation Bonds.
Third Floor V. S. Bank Hide Bdwy, 41 OS.
STOCKS and
BONDS
Unlisted, Oil, Mining,
Industrial Stocks '
Bousht and Sold on Any Market.
LIBERTY BOJTDS
Bong-tat or Sold in Any Amounts at
New York Quotations.
Direct Private Wires to All
Exchangees.
Members Catcaa-o Board of Trade.
Rerrin'sRhodesin
y ESTABLISHED ISM. ,
STOCKSand BONDSj
Railway Exchann-e Bid;. Main 283.
PORTLAND,
Tacoma. Seattle.
AND
SAFETY
SECURITY. YIELD '
MARKETABILITY
These the most Important factors
In an investment, are Ideally com
bined In our First Mortgages.
Ask for booklet "Some Interesting
Facts About First Mortgages."
Western Bond & Mortgage
COMPANY
Main 113
80 Fourth St,
16 60
82.50
166.00
S25.00
1.650.00
3,300.00
EE
H
B
B
C
H
H
n
n
a
Alberta ls. J
..I
All Dominion Government Taxation
H
Morris BnildinE.
Broadway xlul.
Capital
One.
Million
Uollara
it Seattle. Tacoma,
hn Franclaco, Cal.
RIO
That Merits Confidence
and SAVINGS Funds Here
stain liaaiaii Dcyari muoii .
and OAK
City of Ashland, Or.
6 Improvement Bonds
Dated Oct. 1, 1920. Due Oct. 1. 1930
Price Par to Net 6
7v4to7.85
to yield
Province of British Columbia -6s
Due Oct. 1, 1925. at 94.83, to yield
7.25
Sears, Roebuck & Co. 7s
Due Oct. 1. 1921. al 99.20, to yield
7.Si
Due Oct. I.'l922. at 98.72, to yield
7.70
Due Oct. 1. 1923. at 98.41, to yield
. 7.60
Cash or partial payment plan.
Ask for details. Call or phone.
Wire orders collect.
Second FlooSC Main 64-6
NORTHWESTER BANK BLDG.
High-Grade
1