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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Oct. 24, 1921)
oVe&vTOXIAX. MO T1TF. MORXING XDAT, OCTOFT:il Ci, 1921 17, IMFSIMOD nniiirpn i n nrrir KHAN H HHMhHh . u n i lu iniiiiikiiu Portland Banks Aid 10,000 Oregon Grain Growers. 5-YEAR CONTRACT SIGNED Association Gets Revolving Fond to Facilitate Marketing of Approx imately 4,500,000 Bushels. The first organized effort of Port nd bankers to assist the farmers of la Oregon in the normal, even marketing of their grain Is now In effect through a revolving loan of 11,000,000 to the Oregon Co-Operative Grain Growers" association, the membership of which consists of 10,000 Oregon farmers. Heretofore It has been impossible for the banks to help farmers In a body because there was no organiza tion through which they could func tion with a large loan for the good of the entire farming community. This la tha first vnr that the co-operative association has been In operation. Through A. H. Lea, manager of the association, the loan of Jl.000,000 re cently was negotiated and the first money has Just been paid on this big loan. The rioarlnor house banks of the city of Portland which are taking part In the loan are: Northwestern ra tional bank, First National bank. United States National bank. Ladd & Tllton bank, Hibernia Commercial and Savings bank and the Bank of Cali fornia. "This Is the first time the banks have helped the farmers as a whole because there was no central organ ization through which the banks could work." said Charles H. Stewart, vice-president of the Northwestern National bank, one of the committee Arranging the loan. "This associa tion is composed of 10,000 repre sentative farmers of Oregon. They are marketing this year 4Vi million bushels of wheat. Already about one third of this amount has been mar keted. Through the help of this loan the farmers will be able to market their grain at such time as it is feas ible and desirable. But in the mean time they have been advanced 75 per cent of the market price of the grain at the time they turned it over to the association for marketing. The operation of the loan Is handled by the banks directly with the man ager of the association. The manager receives from the farmer the grain which he desires to market and the farmer Is immediately given a check for 76 per cent of the value of the grain on the market then. In order that this association may be financed and operate, it has arranged to bor row the money from the banks In bulk as needed. The loan gives the association the power to borrow up to 1, 000,000 when It desires. In re turn for the loan grain la endorsed over to the banks until It Ib sold and the money paid back. The 10,000 farmers In the Oregon Co-Operative Grain Growers associa tion have signed a 6-year contract that all of their grain to be marketed In that time shall be sold through the association. The dislocation of exchange rates In the western hemisphere and means of correction are to be discussed by-all ectlons of the Inter-American High commission In the capitals of the va rious countries represented. The an nouncement of these proposed dis cussions end the recent sharp decline In the exchange value of the German mark have been the occasion for re newed expressions of opinion regard ing the effects of depreciated ex changes on international trade, ac cording to the Guaranty Survey pub lished by the Guaranty Trust com pany of New York. "Obviously, what Is most needed as a remedy for the His Incident to the existing exchange situation In gen eral is relative stabilization both of prices and of exchange rates, for the two are seen to be closely associated. And stabilization cannot be expected In the face of unwieldly volumes of Irredeemable paper money actually or prospectively subject to wide varia tions. "says a financial review. "Steps in the direction of currency reform would be: strict governmental economy; and depending upon the particular circumstances obtaining in each country having an inconvertible currency a balancing of budgets and the abandonment of the printing press as a means rf financing. These would in many cases leave much still to be accomplished.. Industrial re covery must proceed" much further In some countries before a comprehen sive programme of currency reform can be carried out. The completion of the process of currency reorganiza tion In some Instances may entail the repudiation or scaling of existing cur rencies. "The difficulties In the way of any effective measures of relief are for midable. Moreover, the ultimate bene fits of such reforms will In some cases be long delayed. This means tnat while exchanges are being brought toward the point of perma nent stabilization, after every prac ticable measure of reform has been set In operation, fluctuations In ex change rates win continue, narrow ing the range and rapidity of these fluctuations, however, will be bene ficial. "The obstacles to be overcome In correcting the present exchange situ ation vary from country to country. But the difficulties shared call tor the fullest co-operation on the part of every nation. It Is hoped that ef fective action will be hastened as a consequence of the discussions by the several sections of the Inter-American High commission." Throughout the Faclfie coast In vestment bankers now report there is a scarcity of good bonds for Invest ment, according to M. S. Wright, of the LtUmberniens Trust company, who 'has Just returned from a month's automobile tour through Oregon and California. His Journey Included all the prin cipal towns and cfties as far south as Los Angeles. Kvery place he went, he said, he found great interest dis played in the 1925 exposition, at Port land, and declared that it appears that California will send several hun dred thousand persons into Oregon durinpr the fair year. "Conditions in southern Oregon, as a whole, seem far better than the con ditions in northern California and some parts of the Sacramento valley," said Mr. Wright. "Banks throughout the country appear in a very healthful condition as the farmers are receiving fairly good prices for their commodi ties and the margining down of bank loans is very apparent in every com munity. "Kvery banker and dealer through out the state of California as well as the Investing public are of the opin ion that we have reached the turning point. in bond prices and values. "At the present time, there Is a great demand for securities in all jarls of the state of California. A erioua problem being presented to most of the dealer! now la the scarc ity of Investment offerings." Blyth, Witter 4 Co., Investment hanl. I . V V .. 1 lUtnO- I mkcq a jeuae on me ruuius merly occupied by the Peoples' bank. - wi iu ii u oiaiK ikreeu. wiur terations will be made In the quarters Including the building of a mezzanine floor. Business failures In the United States for the third quarter of this year, while more In number, were less in the aggregate of liabilities than in the second quarter and only two-thirds what they totaled for the first three months. The figures were $180,400,000 for the first quarter, $130.300, 000 for the sec ond and $123,700,000 for the third quarter. There Is good reason to be lieve that the whole commercial situ ation Is growing stronger and that the record of mortality will be better from now on. Financial affairs of the country have been greatly and effectively re adjusted, along with the general liquidation and deflation which has taken place In all lines, and the banks, with the federal reserve sys tern behind them, are In position to respond to every proper demand for business as It shall gradually expand. Iloquiam Carriers Frolic. HOQUIAM. Wash.. Oct. 23. (Spe clal.) There was no lull in the round of feasting and fun-making for the S3 newspaper carriers of this clt.y Fri day night after they had gathered In the rooms of the T. 21. C. A. as guests of that association. Winners in the contests for prizes were Clifford Can non in the pillow fight astride a pole; Robert Gower. pie-eating; Douglas Orkney, ahoe scramble, and the box ing match between Steve Blackmore and Fritz Knoell was declared a draw. The Washlngtonlan Indoor baseball team won over the Aberdeen World carriers In this city, 12 to 11, after a particularly exciting game. 80 Divorce Suits Filed. PENDLETON. Or., Oct. 23. (Spe cial.) Dan Cupid is being hotly pur sued by the divorce demon in Uma tilla county. Since January 1, 1921, a total of 80 divorce suits have been filed In the county clerk's office here, and 184 marriage licenses have been taken out during the same period. This is a ratio of one divorce com plaint for every two and one-quarter marriages. Store at Xyssa ltobbed. NTSSA. Or., Oct. 23. (Special.) The robbers that entered the Wilson Bros, department store here Friday night helped themselves to all the men's wool shirts and then took all the silk Jersey undershirts left from their first raid on the clothing de partment last spring. Ship Reports by Radio. (Famished by the Radio Corporation of America.) Positions reported at 8 P. M. yesterday, unless otherwise indicated, were as follows: VICTORIA. 8t. Michael for Seattle, 843 miles from Seattle. Noon. EDWARD LUCKENBACH, 56 miles north of San Francisco from Vancouver. Noon. CURACAO, Marshfleid for Astoria, 62 miles south of Columbia river. MEXICAN, at Columbia light vessel, Portland from Seattle. PAWI.ETTB, Hons Kong from Portland, 900 mile from Columbia river. CLARKMONT, Willapa harbor, for San Pedro, 20 miles south of Willapa harbor. EVERETT, Belllngham for San Pedro, 280 miles from Belllngham. YOriBMITE, Port Ludlow for San Fran cisco. 10. miles south of Cape Flattery. OHIOAN, San Francisco for Seattle. 20 miles north of Blunt's reef at noon. C. A. SMITH, San Francisco for Coos Bay, 2."0 miles north of San Francisco. ABEKCOS, Portland for San Pedro, 847 miles from Columbia River lightship. FOREST KINO. Seattle for San Pedro, 470 miles from Seattle. NORTHLAND, San Francisco for Seat tle, 20K miles north of San Francisco. .. SISKIYOU. BelllnKham for San Pedre, 150 miles north of Bolinas. AVALON, San Francisco for Raymond, 261 miles north of San Francisco. " WEST IVAN. Seattle for Yokohama, 50O miles from Cape Flattery October 22, S P. M. PAWI.ETT. Hons Kong for Portland. 1287 mss from Columbia river October ''LIBBY MAINE. Takutat for Seattle. 420 miles from Flattery October 22, 8 P. M. WEST KIMROD, Seattle for Kobe. 148 miles from Flattery October 22. H P. M. CHARLIE WATSON. San Pedro for Point Wells, 201 miles from Point Wells. CAPTAIN A. F. LUCAS. San Pedro for Portland. 280 miles from Portland. HORACE X. BAXTER. Vancouver for San Francisco, 40 miles from Vancouver. WEST HIXTO.V, . Honolulu for San Dleao. 415 miles from' Honolulu. HAWKEYS STATE. Honolulu for San Francisco, 1180 miles from San Francisco. BARRY MORE. Seattla for Portland, passing- out Tatoosh. ANNETTE ROLPH, Portland for San Francisco, 210 miles south of Columbia river. EASTERN SAILOR. San Francisco for Vancouver, 20 miles south of Columbia river. SENATOR. Portland for San Francisco, 150 miles south of Columbia river. FRED BAXTER. Everett for San Pedro. 400 miles from Kverett. YACHT ALOHA, New Tork for around the world, 1225 miles east of Honolulu October 22. 8 P. M. WEST HIXON. Honolulu for San Diego. 223 miles from Honolulu October 22, 8 P. M. TAHITI, Sydney for San Francisco. 884 miles from San Francisco October 22, 8 P. M. CORDOVA, Hllo for Seattle, 250 miles from Hllo October 22, 8 P. M. MAUI. San Francisco for Honolulu. 1222 miles from 8an Francisco October 22. 8 P. M. MATHONIA, Honolulu for San Fran cisco. S74 miles from San Francisco Octo ber 22. 8 P. M. ATLANTIC CITT. San Francisco for San Pedro, 110 miles from San Fran cisco October 22. 8 P. M. BROAD ARROW. San Francisco for Shanghai. 1287 miles west of San Fran cisco. STANLEY DOLLAR. San Francisco for San Pedro. 100 miles from San Pedro. W1LLPOLO, San Pedro for New York, 580 miles south of San Pedro. " DEI'ERE. Valparaiso for San Pedro, 48S miles south of San Pedro. SANTA ALICIA. Astoria for San Pedro, 375 miles from San Pedro. PRESIDENT, Seattle and Victoria for San Francisco, 413 miles from San Fran cisco. FRANK O. DRUM. Gaviota for Llnnton. 603 miles north of Gaviota. MANUKAI. Hllo for San Francisco. 1147 miles from San Francisco. MERIDEN. San Francisco for San Pe dro. 2:14 miles south of San Francisco. NOORDERD1JK, San Francisco tor San Pedro, 143 miles northeast of Port Ar-g-uello. LA PLACENTIA. Port San Luis for Vancouver. 747 miles from Vancouver. ENTERPRISE, San Francisco for Hllo, 821 miles west of San Francisco. C. A. SMITH. San Francisco for Coos Bay, 2.0 miles north of San Francisco. R. J. H ANNA, towing barge 81. San Pedro for Richmond. 140 miles from Rich mond. COL. E. L. DRAKE. Portland for Rich mond, IAS miles from Richmond. MULTNOMAH. San Francisco for Seat tle. 220 miles from San Francisco. EL SEGUNDO, Point Wells for San F. dro, 540 miles from San Pedro. J. A. MOFFETT. Richmond for San Pe dro, 20 miles from San Pedro. ERNEST H. MEYER. San Francisco for Grays Harbor, 65 miles north, of San Francisro. CAPTAIN A F. LUCAS. San Pedro for Portland. 210 miles from Portland. W AH KEEN A, Los Angeles for Grays Harbor. 2!t2 miles from Grays Harbor. OEORQ1NA ROLPH. San Francisco for Portland. 2t miles from San Francisco. SIERRA. San, Pedro for Astoria. 619 miles north of San Pedro. CELILO, San Francisco for Portland, 100 miles south of Columbia river. TUO SEA LION, towing William Dollar, San Francisco for Port Angeles, 320 miles north of San Francisco. BOOBTALLA. Grays Harbor for Shang hai. 1048 miles from Grays Harbor. ROBIN GOODFELLOW. San Francises for San Pedro. 136 miles south, of Saa Francisco lightship at noon. HATTIE LUCKENBACH. Vancouver fn San Francisco, 133 miles from Jan Fran cisco lightship. . ml oiEis is BUSINESS LIKE CITY i Prosperity Replaces Fun in I Marrli fir's Trmn 1141 Ml SAt US I Villi NEW CANAL PROMISING Inhabitants Said to Consider Port Second Only to Xew York and Growing Rapidly. BY RICHARD SPIXX.ANE. , (Copja-lght by the Public Ledger Com pany. Published by Arrangement.) NEW ORLEANS, Oct. 28. (Spe cial.) The Crescent City has Its hat in the ring. It is after business big business and is going after It in Im pressive form. Once the Louisiana metropolis was known as pleasure loving, gay, in souciant The visitor was regaled with the famous "gin fizz," had breakfast at Mme. Begue's, looked In at the French market and the Absinthe house, was Introduced at the Boston and Pickwick, went to the French opera, or saw the Marei Gras, and when he departed had pleasant mem ories of New Orleans but didn't think it was up to snuff in a business way. Now It a different. The gin fizz and the Absinthe house nave closed. Mme. Begue has passed on. The opera house has burned down and the Mardl Gras isn't what it used to be. Men Changed Too. And with the change the man of New Orleans has changed. He talks now of the industrial canal. 4e talks now of New Orleans as second only to New York as a port. He tells of the great number of Industrial enter prises New Orleans has today, and the greater number she will have to morrow. He talks of the river traffic and the flow of commerce to the gulf; of the 85 steamship lines operating out of New Orleans; of the amount of oil New Orleans handles; of the labor saving machinery Introduced on the river front, of the sky-scrapers New Orleans possesses today sky scrapers built on Mississippi river silt that wasn't supposed to warrant any structure or more than six or eight stories; of a commerce on the mighty river such as it never had before. Leading men of New Orleans say this city didn't feel the depression so much as other cities. There's nothing peculiar In that. Nearly every city thinks other centers suf fered more. But New Orleans Is prob ably right In Its statement. Work la Provided. It has had an unusual amount of construction under wav industrial. commerce and residential. Its $25, 000,000 Industrial canal, now nearlng completion, has provided work for many men. The new $5,000,000 struc ture of the Hibernia National bank Is Just opened. The new cotton ex change building is a big and costly structure, and the number of new store buildings, apartment houses and private dwellings Is unusually large. The day this article was written there were 68 ocean steamships re ceiving or discharging cargo. Seven sailing vessels also were loading or discharging. At the same time there were 40 steamships laid up out of commission. Nearly all these were j shipping board boats. Canal to Help City. To high railroad rates and the building of the industrial canal the change in the tone of New Orleans may be ascribed. The industrial ca nal Is expected to be opened for serv ice next spring. It shortens the route to the gulf one-half, passes through Lake Ponchartrain, and will open up a great stretch of land along its bank for Industrial enterprises.. The city has done the work at its own ex pense. The locks are said to surpass those of the Panama canal. As to business generally, bankers say It Is much better than they looked for from the conditions that prevailed six months ago. Some cot ton and rice debts are being paid that it was feared It would take years to clear up. Liquidation however, did not start so fully as expected. With the freer lending policy that now is possible, local business will be stimu lated. The one crop tliat bothers the bankers now is sugar. That does not seem to promise any betterment. There has been profit through the ex perience of the last two years, how ever. The agriculturist has gotten down to the sr;i. Deposits Hold 1p. Savings bank deposits, they report. have held up remarkably well. Grain men say they have had a fine year, with wheat exports of 88.000,000 bushels, as against 48,000,000 the best previous record. They look for a big drop now, as the exportable supply Is about exhausted. Corn exports are likely to continue in big volume. urnest Le Jalonlcke. the leadlner drydock and ship repair man of the south, says improvement In handling ships has been wonderful here. It is now possible to repair a ship as cheaply at night as In the day and vessels are tied up only one-half of tne time tnat it foi merly took. Labor is cheerful and working well. There lsn t a big Job of any kind New Or leans cannot do. today in competition with New York. River Front Wonderful. Merchandising reports are about the same as In other cities. The river front presents a rreat picture. At few points in the world are there larger wharves or more mechanical freight handling ma chines. The wharves of the Illinois Central, the Southern Pacific and the Southern Railroad are monsters. The city boasts of having 940 man ufacturing plants, eleven trunk -railroads, the chief cotton market of the United States, probably the greatest grain elevators In the world, the largest mahogany mill and market in the world, and the largest sawmill In the world. It has a munlclpally-owned and operated belt railroad with 24 miles of mainline and 46 miles of sidings. It has some of the biggest warehouses of the world. It has five great ele vators privately operated and one publicly owned. It has an army sup-, ply base that brings a lot of business ! to tne city. But most, of all. It has a spirit of enterprise such as it never had before and it is doing b'g things. Pacific Coast Shipping Xotes. ASTORIA. Or.. Oct. 28. (Special ) The steamer Colusa, with part cargo from Tacoma for the west coast of South Amer ica, arrived at 8 o'clock last night. After discharging 100 tons of dynamite on a barge here, aha left at 8 o'clock this aft ernoon for Portland. The dynamite-laden barga was towed to the bar above Tongue point, where it will remain until the steamer is ready to sail. Carrying 1.200.0O0 feet of lumber from Prsscott, th steam schooner Stanwood sailed at o'clock last night for Ban Pedro. She also loaded two spars at Portland for- the steamer Davenport. The steamer Alunauss arrived at 9 o'clock last night from Grays harbor and went to West port to take on lumber for New Tork. Carrying freight and passengers from Portland and Astoria, the steamer Sena tor sailed at 1 o'clock this morning for San Francisco and San Pedro. The British steamer Scottish Monarch arrived at 1:80 today from Hull' and will load grain In Portland. With freight from Portland and Astoria, the steam schooner Annette Roiph sailed at 8:80 laat night for San Francisco. The British steamer Mollere arrived at I 2:45 this afternoon from Seattle. She be gan loading -4000 cases of canned salmon her and will proceed to Portland to . take on freight for Europe. The British steamer Barrymore Is dne from Seattle, an route to Portland, whera she will load grain for Europe. The British steamer Norman Monarch was due tonight from Naples, en route to Portland to load wheat. Th ateamer Mexican was dne tonight from Seattle and will go to Portland to pick op freight for New York. The steamer Laa Vegas arrived at 3:80 this afternoon from the orient. She la partially crippled, having lost one blade or ner propeller. She la to load ov.uvu sacks of flour bera before proceeding to Portland. ' The tank steamer Capt A. F. Lucas Is due from California with fuel oil for As toria and Portland. The steam schooner Johan Poulsen sailed at 8:80 tonight from San Fran cisco with 40O.00O feet of lumber for St. Helens and aoo.OUO feet from Westpor SAN FRANCISCO, Oct. 23. Customs and quarantine officials will be ket busy Tuesday caring for the four liners which are expected to arrive here. Three of them, the Ventura and the .Tahiti, from Sydney, and the Ilatsonla, from Honolulu, are expected to arrive at daylight. At 8 o'clock Saturday night they wen 871, 84 and 874 miles out, respectively. The Golden State, coming from Hong kong, which was 1115 miles out, is not expected to arrive until later In the day. After a quick job of loading, the steam er Florldian, which arrived hera Saturday afternoon from the north, left out again today for Havre, via San Pedro. Between the hours of 5 P. M. Saturday and 5 A. M. Sunday 1680 tona of freight were load ed Into the Florldian, according to John E. Cushlng of Williams Dlmond Co. agents here for the vessel. Most of the cargo lifted here consisted of dried fruit. To load i full cargo of barley at Port Costa and Oakland for John W. Westrop. the British freighter Victoria De Larrlnaga is expected to arrive here tomorrow from Immlngham. She Is one of the fleet of the Miguel De Larrinaga Steamship com pany, Ltd. Ftrty-two days from Hongkong, the freighter Weet Jena arrived here early today with cargo of oriental merchandise to Struthera A Dixon. With California canned fruits and vege tables and some cargo loaded in the north, the Dutch freighter Noorderdyk. Captain A B. Jochema, left today for Antwerp. SAN PEDRO, Cal.. Oct. 28. (Special.) More than 1000 tons of sarlval cotton from Arlxona were included In the cargo of the steamar Arlzonan, which aalled for the Atlantic from here today. Shlppera have learned that it la more economical to ship cotton by water 'east than overland. The cotton on the Arlzonan la consigned to a Boston tire manufacturing company. The Florldian la due here Tuesday and will sail for Europe direct and will mark the first departure of a vessel of this line for Europe since the outbreak of the war. Steamship masters arriving from canal ports and from British Columbia ports have criticised local quarantine rules, which they declare are not Interpreted here the same as in other United States ports. They declare that recently several vessels were compelled to anchor In the outer harbor after having come inside, not knowing that they must receive prat ique at anchor in the atreara before dock ing. PORT TOWNSEND. Wash., Oct. 28. In the service of the Walker Rosa company, the Japanese steamer Ayha Marti la ex pected from the orient early next' week. A cargo has been assembled for her re turn at several Puget sound ports. She will be followed by the Mltsukl Mam of the same company. She la scheduled to 'ar rive November 11. Captain Martin F. Tarpey, who for some time past haa been port captain on Puget sound for the Pacific Steamship company, haa been appointed master of the steamer Bay State, nearlng completion at Cam den, N. J. He will aoon leave for the east to assume his new duties. After loading 8500 tons of bulk grain at Seattle, the ateamer Hanley. in the Euro pean service of the Pacific Steamship com pany, left thla morning for Portland, where ahe will complete loading for Marrs Isle, France. The shipping board ateamer West Orowa. now at Grays harbor loading, will come to Puget sound during the week to complete for the orient. When ahe departa she will be the last shipping board ateamer in the service of Struthers A Dixon to operate in the oriental trade. After discharging at Hongkong, the West Orowa will be turned over to the Harbor Steamship company, which will load her for New York. The steamer Mollere finished taking Puget Bound cargo laat night and this morning left for Glasgow via Portland. After loading part cargo on Puget sound, the British steamer Barrymore left toda! for Portland, where she will load flour. She will return to Puget 'sound and Van couver to complete for the orient. SEATTLE, Wash.. Oct. 28. (Special.) Completing a voyage from New York, the motorahip Kennecott. in the intercoaatal service of the Williams Steamship com pany, arrived in Seattle this afternoon and went to a berth at the pier of the East Waterway Dock & Warehouse company. The vessel came to Seattle via Los Ange les, San Francisco and Portland. 'She' la commanded by Captain John Johnson, vet eran Seattle master mariner and formerly commander of the veaaela plying on the Seattle-Alaska routea. All restrictions on the sale of the sur plus materlala and equipment of the emergency fleet corporation except ships, shipbuilding plants, drydocks and hous ing and transportation projects, were re moved today in an order received by R. M. Semmea. head of the shipping board'a operating division in this state. from Joseph W. Powell, president of the fleet corporation. Replacing the steamship West Ison. 'the steamship West Orowa will load in Seat tle beginning next Saturday in the serv ice of Struthera A Dixon, it was learned from representatives of the firm today. Both vessels are owned by the United Statea shipping board. The West Orowa arrived on Graya harbor yeaterday from San Pedro. She is due in Vancouver, B. C, next Tuesday, in .Tacoma next Thursday and in Seattle next Saturday. Discovery of a pinnacle rock over which there is only five feet of water at low tide, was made by officers of the United Statea coast and geodetic survey steam ship Explorer near Eldred Rock lighthouse In Lynn canal, southeastern Alaska, ac cording to Captain , N. H. Heck, com-' mander of the vessel, which arrived in Se. attle today from her summer's work in the north. The chart showed (0 fathoms of water at the point where the pinnacle rock waa located. After loading 2.500.000 feet of lumber and 1000 tons of box shooks In Vancouver, B. C and 2000 tons of flour in Tacoma. the steamship Talthyblua of the Blue Fun nel line, is due In Seattle tomorrow to complete her cargo for the orient. Phone your want ads to The Orego nlan. Main 7070, Automatic 560-95. In Limited Oregon Municipal Bonds Income Tax Exempt. Yields New issues of good municipals generally bear lower interest rates and are selling at increased prices. We advise immediate purchases of these fev remain ing high yield bonds for this reason. Bandon, Oregon 6s Bend, Or., 6s Lincoln County 6s . Tillamook Imps. 6s Medford, Or., 6s . . Call on, Phone, Write or Wire Reservations. tUMBEEMENS Broadway and Oak. FLEET IS INCREASED BY JAPANESE HUE Yamashita Kisen Kaisha Schedules 3 New Ships. GRAIN STEAMER ARRIVES Hanley Sails From Seattle to Load Bulk Wheat at Portland for Delivery in Europe. Three new ahlps are scheduled to come to Portland in the service of the Yamashita Klsen Kaisha line, accord ing to announcement made yesterday by A. M. Gillespie, Inc. agents for that company. The new vessels booked to touch at Portland Jn thie ssrvice between here and Jagianese ports are the Takai Maru, due late In November; the Band! Maru, due late In December, and the Fukkal Maru, due early In January. Another ship of that line, the Tsu rushlma Maru, which has been operat ing between Portland and the orient, will touch here again about November L Lumber and miscellaneous cargo is handled by these steamers and the an nouncement of the additional ships Is said to be a tribute to the increasing volume of business developed. Grain Steamer Arrives). The British steamer Scottish Mon arch, one of the members of the Port land grain fleet, got Into the river yesterday afternoon at 3 o'clock from Hull, England. After being fumigated at Astoria she will come up the river for loading. Her cargo will be fur nished by the Portland Flouring Mills company and she will be dispatched to Great Britain. The Holland-America line steamer Mollere arrived in the river yesterday afternoon at '4 o'clock, coming from Barry. England, via Puget sound points. She will take on general cargo here for Europe. The Swayne & Hoyt steamer Ro tarian, which Is now operating In the service between Pacific coast and South American points, reached Port land harbor yesterday afternoon at 4 o'clock and tied up at the Albers dock to take .on a part cargo. She came here from Buenos Aires. Hanley to Take Bulk Wheat. Other arrivals yesterday included the Grace steamer Colusa from Puget sound and the steamer Las Vegas of the Columbia-Pacific Steamship com pany's oriental service. The Colusa will take on a part cargo here for the west coast of South America and tho Las Vegas will take on freight for the orient. Bulk wheat will be taken on for Europe by the steamer Hanley, which sailed from Seattle for Portland yea terday. Cargo is to be furnished here by Gray Rosenbaum, who recently entered the Portland grain export field. The steamer Barrymore of the Furness Prince line also sailed from Seattle yesterday for this port to take general cargo. Movements or Vessels. PORTLAND, Oct. 23. ArTived at 4 P. M.. steamer Rotarlan. from Buenos Aires via San Francisco. ASTORIA. Oct. 23. Left up at " last night, ateamer Munaires, from'Grays har bor for Westport; ateamer Rotarlan. from Bueno. Aires." Sailed Steamer Sen ator for San Francisco. Los Angeles and San D?ego Arrived at S P M.. British steamer Scottish Monarch, from Barry. Arrtv.dSteamer Colusa, from Tacoma. Arrived at 4 P. M.. British steamer MUer from Puget sound Left up at 3 P. M . ateamer Colusa. Arrived at 3.30 P. M.. steamer Las Vegas, from the orient. SAN FRANCISCO. Oct. 23 Sailed last night steamer F. J. Luckenbach. from Portland for New York. Sailed at mld nt.h, .inmir Santa Baarbara. for the Columbia river. SAN DIEGO, Oct. 22. Arrived Steamer ... . Arrived and Willamette, irum . ,. .. .. . salled, steamer Admiral Evans, for Port land via San I'earo ana ou i COOS BAY, Oct. 23. Sailed Steamer Curacao, for Portland. SEATTLE. Oct. 23. Sailed at 9 A. M British steamer Barrymore, for Portland; at 1 P. M.. steamer Hanley, for Portland. SEATTLE, Wash.. Oct. 23. Arrived Admiral Dewey, from San Pedro; Hawaii Maru from Vancouver. B. C. Sailed Toy oka Maru, for Kobe; Hanley, for Liver pool; Barrymore. for Kobe. SAN PEDRO. Cal.. Oct. 23. Arrived Ginyo Maru. from Hongkong. 8 A. M. ; Yale, from San Francisco, 10 A. M. : Hart wood, from Willapa, 1 A. M.: San Diego, from Tacoma, 1 A. M. : Charles Chrlsten sen, from Aberdeen, 8 isV. M. ; Bandon, from Coouille river, 6 A. II I. Daisy Free man, from Coos bay, A. M ; J. A. Mof fett, from San Francisco. 8 A M. ; Julia Luckenbach. from San IDego, 7 A. M. ; Atlantic City, from San Francisco, 8 A. M.: Canadian Observer, from Port Albernle, 8 A. Frank D. Stout, from Coos bay, O A. M. Sailed Julia Luckenbach. for San Fran cisco 5 P. M. ; Admiral Schley, for Puget sound, 10 A. M. ; Daisy Matthews, for Portland. 1 A. M. Tides at Astoria Monday. High. Low. 7 05 A. M....7 0 feet0:38 A. M....0.T foot 6;35 P. M 7:5 feet, 1:05 P. M 3.6 feet Report From Month of Colombia, ' NORTH HEAD, Oct. 28 Condition of the sea at 5 P. M.t amoolh: wind south west. IU miles. Apple Crop Moving. GRANTS PASS. Or.. Oct. 23, (Spe cial.) Unless an embargo la placed upon fruit destined for eastern points the local apple crop will be moved Amounts Only to 6.50 Due. .1926-41 .1931 .1930 .1940 .1923 Yield. 6.00 6.25 5.95 6.00 6.25 soon, according to C. N. Iavls, man ager of the Oregon Growers' Pack ing association. The last car of Spltzenbergs has been shipped, and thete remains but IS carloads of New towns and Wtnesaps. KILN TO TEST FIR ROT Experiment to Determine Whether Infected Timber May Be Used. EUGENE, Or, Oct. 2i. -(Special.) An experiment with Douglas fir tim ber in which rot has-already set In will be undertaken by the forest serv ice, and will be watched with inter est by lumbermen and timber owners, according to X. Maoduff. supervisor of the Cascade national forest, with headquarters in this city. -J Dr. J. S. Boyse. of the bureau of plant Industry in the district forest office at Portland, is. now at Oak-j riBge, Lane county,Vhere he will procure a carload oiflr logs con- taining decay and ship them to the ; forest service labpratory at Madison, Wis., where they will be sawed, kiln dried and examined to determine whether the kiln drying kills the rot. If It does. It will permit the using of timber in which, rot has not pro gressed beyond a certain stage. Grants Pass Budget Approved. GRANTS PASS. Or., Oct. 2J. (Spe cial.) A budget of 154,560 for the coming year haa been approved - by the city council. The present tax levy of 22 mills was also raised 1 mill. Purchase of a new chemical truck and the upkeep of parks are held responsible for the Increase of the tax levy. A special election will be held November 17 to provide for the paving of about half a mile of the Pacific highway, lying within the city limits. Unless the people of the city authorize the project a gap In the highway will remain. Autostage Driver Killed. DEER PARK, Wash., Oct. 23. U. G. Jones of Clayton. Wash., was killed Instantly late Saturday when an auto mobile stagee which he was driving was wrecked In collision with a wag en. The accident happened on a sharp curve about two miles south of Deer Park. The wagon waa said to be driven by Miles Rhoads of Chewalah, Wash., who is reported to have dis appeared. DAILY METEOROLOGICAL REPORT. PORTLAND. Oct. 2S. Maximum tem perature. Its degreea: minimum, 42 degree. River reading, 8 A. M., 1.8 feet; change In last 24 hours. OS foot fall. Total rainfall (5 P. M. to 5 P. M ). trace: total rainfall since September 1. 1821. 4 38 Inches; nor mal rainfall aincs September 1, 4.48 inches; deficiency of rainfall since Sep temper 1. 1921. 0 18 inch. Sunrise. :3 A. M. : sunset. 8:12 P. M. Total sunshine October 23. 40 minutes; possible sunshine, 10 hours 33 minutes. Moonrlse Sunday. 11:13 P. M. ; moonset Monday. 1:88 P. M. Barometer (reduced to sea level) at 6 P. M.. 2U.85 Inches. Relative humidity at 5 A. M., 90 per cent; at noon. 73 per cent; at 8 P. M., 69 per cent. THE WEATHgR. Wind r?5 STATION'S. 3 C 3 Weather. US W-i liuKer Boise Boston ... Calgary ... Chicago ... Denver ... Des Moines i',U,0, (1(1 0 62 ;0 42 0 AS O T210 7410 89 0 ou.. 00 w Pt. cloudy NWtClear ooi.. .00'. . nntA Clear Clear Clear Clear Clear Clear Clear Cloudy Clear Cloudy Pt. cloudy Clear Clear Clear Clear .oo;..!ne oof. .SW .00I..1W Eureka ....... uaiveston Helena . Juneaut 74 0. OO . . K SO 0 44 1 XO 0 0i0. 60 0. SUiO 62 0 82 0 64 0 540. 90 0. 00 . .SW 20 .. N 00 .. 8 80i . . SW Ofll.. SW 001.. X .00I..IE .oo ..Ik OOl22 NW 00 16. SW fWVf KW 44 Kansas City Los Angeles. Marshfleld . Medford .. Minneapolis New Orleans New York.. North Head. Phoenix ... Pocatello ... Portland ... Roseburg . . . Sacramento St. Louis Salt Lake... San Diego. . . S. Francisco. Seattle Sitkat Spokane .... Tacoma .... Tatoosh Isd. Valdeit Walla Walla Rs aln Cloudy 86 0. v . . v. ; rain oo .. sw Icioudr 84 0. 86 0. 60 0 7S 0. 02 ..(SE iRaln 00!. .IXWiClear 00'1S Clear 66 0. 68 0. 0212 BE 0012 W Cloudy Cloudy :l.ar 60 0 84 0 48 0 82 0 62 0. 82 0. 36 0 88 0 70 0 80 0. 60 0. .0012 W .001, .(SE .00!.. J .OOJ..ISW .OO . . N oo io s . 00'. . NW ,00. .W 001. ,lsw oo!. .18 ICloudy Clear Cloudy Clear 'Clear Clear Washington . v Innipeg Yakima . Pt. rlondv 34 ICloudy TA. M. today. day. P. M. report of preceding FORECASTS. Portland and vicinity Probably rain; southerly winds. . Oregon and Washington Probably rain west, fair east portion; moderate to fresh southerly winils. -We owb and recommend for luvrntment Port of Portland OREGON. 6 Per Cent Gold Bonds Dated July 1, 1f21 Die July 1, 1I(2 Denominations SIOOO, .VH These bonds are payable from a general ad valorem tax on all the property within the corporate lim its of the Port, which In cludes the entire city of Portland and about 90 of Multnomah county. Price 101.50 and Interest This is an exceptionally high-grade Investment. Complete details on re quest BOND DEPT. Open k:30 to 6, Sat, 8:30 to 2. LADD & TlLTON New Issue The Dalles OREGON 70 Bonds Dated Du Oct 15. 1 92 1 Oct 15. 1938-43 Denoia $1000 $500 Price and complete details upon request Ralph Schneeloch Co. tslWiaPUAMOC0IUORATTmrlKWta ujMecRMois buhoins I Bank e WASHIXGTlur THIRD LIBERTY BONDS! .We all bought them. Why are they worth less now than we paid for them? Will the price increase? Should the Government do "some thing" to hasten this increase? Our folder "Will Liberty Bonds Come Back?" explains these and other questions perplexing to Lib erty Bond-holders. It outlines a practical course for the average investor to follow. Call, write or phone for BLYTH,WiTTER &. CO. YEON BUILDING, PORTLAND Xew Tork Seattle San Francisco Los Angeles We offer: "A A" Rating KINGDOM OF NORWAY 3 Bonds of 1888 Denominational 1000. .100, 100 and 20 Principal and semi-annual Interest payable in English rounds Sterling. You ma.v realise an annual Income on an investment in these bonds of from 6 to 7.50 and in ADDITION to this an increase in principal of 100 to 150 a exchange approaches pnr value. Price: $195.00 per each 100 Bond Write, Phone or Wire for Full Details. . tievereaux Rgmpany INVESTMENT BONOS 9T SIXTH STREET PORTLAND. OREGON BROADWAY 104a GROUND FLOOR WELLS-FARGO BUILDING MUNICIPAL BONDS TO YIELD FROM 5.80 to 7.00 nr. Dne. Yield. Lane County (Oregon) Road 5s 1926-28 5.80 Vancouver (Wash.) Gen. Oblg. Dock 6s. ...1927-34 5.85-5.95 Lincoln County (Oregon) Road 6s 1926-33 5.90-6.00 Lake County (Oregon) S. D. No. 14 6s 1941 6.00 Oregon City (Oregon) Improvement 6s.... 1924 6.00 Custer County (Montana) 6s 1931 6.00 Vancouver (Wash.) Improvement 7s 1924-27 7.00 Wenatchee (Wash.) Improvement 7s 1924-30 7.00 Western Bond & Mortgage Co. 80 Fourth St. Ground Floor Board of Trade aoking Service Your banking requirements may be entrusted to this Bank with every confidence that care ful and efficient service will be rendered. The Canadian Bank of Commerce Portland Branch. We Offer OREGON SCHOOL BONDS To Yield 6.00 Income Tax Exempt . We buy and sell Liberty and Victory Bonds. Jolmston-HattremCo. Yeon Building Main 6984 Portland Oregon 6 Installment Loan 6 We can help you own your home and you pay us only 6 interest Mortgage Bond Company Main 2831 . Wilcox Bldg. it. Ko cost or obligation. Bldg. Portland, Oregon Telephone Main 113 Fourth and Stark Streets. It Is very simple to earn 6 to 8 while saving if you only know How to do it We have clients from the Pacific to the At lantic who buy high grade bonds from us on the Easy-Payment plan. Ask us about it. You'll like it when you see how easy it is. mOUNB PLOOS) CAMI Lvasune loasm rFTi ana araaas COs HERRIN & RHODES, Inc. Established 1"9. BROKERS yeW Tork Ftorku, Bond. Grain, Cotti rrivt M'trr. af'tntMrs ttilcag Hoard of Trad. 201 S Railway Kxchamre Bldg. Telepiiou Main ba-2tti.