TJII? 3I0RXIXG OKEGOyiAy, MONDAY, JANUARY 2, 1922 13 PORTLAND'S TRADE IFi GREASES 907 Vessels Enter Harbor in Course of 1921. 904 CLEARINGS REPORTED Mcrcliants Exchange Compiles Fig ures Showing Volume of Port's Commerce, The tonnasra of vessels entered and cleared at Portland harbor during the year Just closed showed an in crease of nearly 100 per cent over tonnatre figures for the year 1920, according to a report compiled yes terday by Fred W. Clark, manager of the Merchants Kxchanice. Every month during the year showed a big inercaso over the same month of Vessel in tho foreign and domestic trade which entered Portland harbor during tho year 1921 numbered 007, with an a'grffrcgate lonnasri ot 2.523, 3.18, according to Mr. Clark's figures. The preceding year 667 vessels, with a total tonnage of 1,363,333 entered the harbor. During the year just closed a total of 904 vessels, with an aggregate tonnage of 554,896. cleared for vari ous foreign and domestic ports. Ves sels clearing from the rort during the year 1920 numbered 703, with a total tonnage of 1,409,531. The fact that larger vessels than ever before aro now operating In Portland's trade with both foreign and domestic ports is another signifi cant feature. Although the tonnage figures wero nearly doubled during the year, the number of vessels en tering and clearing increased at a .smaller ratio, although there is still a substantial increase. Ninety-two vessels entered Port land harbor during December, 1921. , Tho total tonnage was 266.763, Mr. Clark's figures showed. During the ame month 94 vessels cleared, with a tonnage of -79.RS6. In December. 1920. 56 vessels, with a total tonnage of 132,157, entered the port, and 58 vessels, with a ton nage of 151.019, cleared. Other months during the past year showed a corre sponding increase. Marine Xotcft Two Men mora, en route hr from the nort h, arc expected to get Into Tort lam! hrbitr Homitiiiie tclay. Tliey re tho tairnr Mississippi of th Conipajtnic Gen eral Trantatiantuiue and the steamer Bnja California of the Latin-American line Both vessels were due in the river some time laM night. The t earner Montague of the Pacific Steamnh ip company's oriental service is expected to reaeh tlie mouth of the river this mornlnff. She is bringing; a cargo of copra for the Portland Vegetable Oil Mills company. Another vessel of the aanie lin-e. the steamer Kdmore, la also en route here with copra and should reach here In a few days. The Meatner Florence Luckenbach of the IjUckenbuuh lin will be due tonight with a cargo of miscellaneous, freight from Mo bile and New Orleans. The British steamer Barrymore, which got away from Portland harbor for Yoko hama and Kobe yesterday morning at 0 o'clock, took out a cargo of wheat, flour and hides. Tho steamer West Kader of the Colum bia Pacific's oriental service, left with a miscellaneous cargo last night at 3 o'clock. Pacific Coast Shipping Notes. ASTORIA. Or.. Jan. 1. (Special.) The steam schooner Santa Inez sailed at 10:f0 today for Wan Pedro with 1.0J7.000 feet of lumber from Rainier and 430,000 feet from Portland. The tank steamer Frank Q. Drum ar rived at 11:90 this morning from Cali fornia. Bringing a cargo of fuel oll.he tank steamer W. S. Porter arrived at 8 o'clock Saturday night from California, and went to Portland. Laden with 800,000 feet of lumber from Wwtport, the steam schooner K. S. Loop sailed at 8 o'clock Saturday night for San Pedro. Carrying general freight from Portland and Astoria, the steam schooner Georgina Rolph sailed at 9:30 this morning for San Francisco. The steamer Senator, with freight and passngera from Portland and Astoria, sailed at 8:13 this morning for San Fran cisco and San Pedro. The steamer Curacao from San Francisco via way points will be due at 6 o'clock Monday morning. The British uteamer Barrymore, with part cargo for the orient, arrived from Portland at A o'clock this evening and headed for sea en route to Vancouver, B. C. The steamer Montague, from the orient for Portland, will be due off the mouth of the river at 1 o'clock tomorrow. PORT TOWN8EXI), Wash., Jan. 1. ( Special.) The Japanese steamer Tpres Maru, after loading part cargo of lumber at St. Helens on the Columbia river, ar rived here this afternoon to complete loading on Puset sound for the orient. The Japanese steamer Portland Maru finished loading lumber at Relllngham this morning and left tonight with a full cargo for the orient. VICTORIA, P. C, Jan. 1. (Special.) The Canadian Importer of the Canadian government fleet will clear this week for Auckland and Melbourne. This In the ves sel that made marine history out of tne Pacific several months ago. She has been here two weeks reloading her original cargo, discharged at this port when she was towed in waterlogged from sea. The ship has a new maater, Captain W. G. McConnerhy. hut most of the other old of ficers are still with her. The, finding of the Investigation into her mishap la ex pected to be handed down dally. Tne salvage learner Algerine Is back in port bringing with her the Canadian Pacific car ferry driven ashore two weeks ago at Porlier pass. The French freighter Mississippi passed out st ft A. M. for Portland. The Furness AVIthy steamer Barrymore. Inbound from Portland. Is due here late tonight. Both the Canadian Highlander of the government fleet and the Nippon Tusen Xalnha freighter Toklwa Maru passed out for the orient last night after loading at Airitfsh Columbia port-. PRATTLE. Wash., Jan. 1. (Special.) Shipments of general oriental freight, in cluding large consignments of raw silk and silk goods, arrived today aboard the Nippon Tusen Kalsha freighter Toyooka Maru. The vessel docked at the Great Northern terminal. She will load her out ward cargo at Seattle. Tacoma and Van couver, B, C. The steamshp Toklwa Maru of the same fleet was expecUd to b dis patched from Vancouver for Yokohama yes terday. Laden with a capacity cargo of Aus tralian coal, the steamship Walhemo of the Canadian-Australian Royal Mall line arrived at the Pacific coast bunkers to day. Coming from Japan, China and the Phil ippines the Waterhouse freighter West Jeppa arrived at pier 5 o'clock this after noon, Jt Is expected that the managing ajrency of the vessel will be withdrawn from Frank Waterhouse St Co. by the ship ping board as soon as she completes dis chn rging. With passengers and cargo, the Pacific Steamship company's carrier Admiral Dewey docked here today from San Pedro and other California ports. The ftoamship Prince Rupert of Ahe Grand Trunk Pacific line arrived herf at 4 P. M. and departed for British Columbia points at 11:4.1 P. M. In the service of the Pacific, Caribbean and Gulf line, represented at this port by A M. Gillespie, Inc., the freighter Alva rado arrived at Seattle from gulf ports this afternoon. Here she will discharge general freight and load lumber and canned goods for gulf and Caribbean ports, sailing from tha sound the middle of the week. Bound for California the Admiral Good rich of the Pacific Steamhlp company de parted from pier D this morning. The Alaila Steamship company's car rier Nort h wosteru started for Cordova, Alaska, today. Arrivals at Seattle tomorrow will In clude the Manulanl of the Mataon Naviga tion company from Honolulu; the Mor dijk of the Royal Mall Steam Packet com pany from Europe; the McCormack line steamer San Diego from California; the Charles Nelson freighter Port Angeles from San Pedro; the Isthmian line steamship Steel Seafarer from Boston via San Fran cisco and Portland; tha Chattanooga City of the Isthmian line from the oriertt. and the Grlffc-o of James Griffiths & Sons from San Pedro. VANCOUVER. B. C. Jan. 1. (Special ) The barkentine Kathryne Mackall is still at the Hastings sawmill here, loading for South Africa, but expects to get away iris week. With a full cargo of wheat, lumber and general cargo, the Canadian government merchant marine steamer Canadian Freighter will get away January 4 on her maiden trip to the orient. This boat was built by the Co ugh Ian shipyards of this city. A heavy shipment of lead and a large consignment of apples will go aboard the steamer Nichteroy of the Royal Mall Steam Packet when that boat arrives here Janu ary 15 to load for TTnited. Kingdom ports. Four Canadian government merchant marine steamers are due In port this week rrom various foreign ports. The Canadian Skirmisher Is due tomorrow from Aus tralia via India, the orient and San Fran cisco. The Canadian Traveler is due Wednes day from Australia, the Canadian Rover Wednesday from San Francisco and the Canadian Winner Saturday from the orient direct. When the steamer Waitapu of the Canadian-Australian line arrives from Aus tralia, January 13, she will come direct, as this steamer will be the first for some time that has not carried coal for Seattle. The Waitapu will be In ballast but will load paper and general cargo out for her re turn trip. Grain shlpment.wlll be heavy this week, aa there are five ships dn port awaiting what cargoes. When the steamer Harold Dollar of the Dollar fleet arrives here January 8 she will be inaugurating a new service to Vancouver, coming from the orient by way of Sun Francisco and making a tri angular route of the Dollar line on the Pacific. The Harold is now at San Fran cisco. The ru-xt French freighter duo In port will be hc St. Joseph, coming from Bor deaux and other ports of France via coast porta This boat has little cargo Inbound, but will take out wheat, canned salmon and Vad. To load shingles and copper here, the steamer Kdward Luckenbach of the Luck enbach line is due in" port January 18 and a record cargo is being prepared for her. Hoi land -America freighters are finding British Columbia a good field for freight and a large consignment awaits the steamer M oerdtjk, due here from European ports January 7. Sho will take a large ship ment of wheat. Word has bn received at the local of fice of the Itoyal Mail Steam Packet that the company's new inotorship Lochkatrine will arrive here late in February and will be the last word in modern motorships. SAN FRANCISCO. Jan. 1. (Special. ) Tho schooner America, at one time the pride of the San Francisco Bar Pilots' association, has been wrecked. Word was received at the marine department of the Chamber of Commerce today that the srhooner America, for the last three years flying the flag of Franoe, struck a reef on an Island 300 miles east of Pepeete and waa a total loss. The America, built here for the San Francisco Bar Pilots' associ ation, was for many years the fastest pilot boat on the coast. After many years of service It was sold three years ago to a French company and has since that time been a trading schooner In the south Seas. A. P. Hammond, former manager of the San Francisco office of the Luckenback Steamship company, denies the report that he has accepted the management of the Atlantic, Uulf & Pacific Steamship com pany here. This report has been current in shipping clrclos for more than two weeks. Recently It was reported that Hammond had reconsidered his refusal to accept the berth. The Dutch steamer TJisalk, 4 days from Baltkpapan. Java, via Havana. Cuba, i: days, arrived in the bay at 4:J o'clock this morning with passengers and freight consigned to John D. Spreckels & Brother. Tho vessel docked two hours later, discharging a few passengers. The unloading of the general cargo of Java freight will commence Tuesday. The TJisalk will load a general cargo here and will sail January 10 for Java via oriental ports. The Pacific Mall Steamship company liner Golden State, arriving here this morning on Its fourth round trip, brought nearly a full cargo and 143 cabin and lo8 steerage passengers. The ateerage pas sengers include Chinese laborers en route for South America and Havana. j E ASTORIA MILLS CUT 317,000, 000 FEET IX 1921. Ship Reports by Radio. (Furnished by the Radio Corporation of America.) Position, reported at 8 P. M. yesterday, unless otherwise lndlcald. were aa follows: CORDOVA. Honolulu for Seattle, l05 miles from tieattle, December 81. 8 P. M. THAMES .MARU. bound for Tacoma, 1000 miles west of Columbia river at noon. COAXET, Seattle for Kobe, 398 mile from Port Townsend. MONTAGUE. Kobe for Portland, 50 miles from Columbia river. W'APAM A, Seattle for San Francisco. 10 miles south of Columbia river. SENATOR, Portland for San Francisco, 431 miles north of San Francisco. WILLAMETTE. Tacoma for San Fran cisco, 275 miles from Tacoma. SANTA INEZ, Portland for Redondo, 84 miles south of Astoria. v GEORGINA ROLPH, Portland for San Francisco, 65 miles south of Culumb'a river liKht ship. QUINAULT. Seattle for San Pedro, 193 miles from Seattle. FRANK G. DRUMM, Gavlota for Port land, at mouth ot Columbia river. Payroll Aggregates $3,400,000 and Market Vulue of Product $10,- 1 410,000; Outlook Is Good. ASTORIA, Or., Jan. 1. (Special.) The year 1921 was a quiet one for the lumber industry In this district, but so far as the manufacturing end of the industry is eoncerned, this sec tion was not as hard hit by the de pression in the trade as were some other parts of the tate. j Except the Clatsop Lumber com pany's plant, which was closed dur ing the entire year, and the Astoria Box company's sawmill, which was destroyed by fire shortly before July 1, all the local plants were in opera tion continuously. The total cut is only about 31.09.0fl0 feet less than that for the year 1920 and amounts to approximately 347.000,000 feet of lum ber. The combined payrolls of the several lumber manufacturing: plant? In this district amounted to about $3,460,000, and tho market value of the output of the plants was in the neighborhood of J 10.410.QO0. The outlook for the coming year In the lumber manufacturing: line is en couraging. Not only are all the pres ent, plants planning to operate full time, but the Clatsop l,umber com pany's plant has been purchased by the Astoria Box company and will re sume operations on January '1. The recently organized Young's Bay Lum ber company has its plant in opera tion cutting: alder, and Is to start a larpre shingle mill at once. In addition to these, the Trouty Lumber company is constructing a modern sawmill, planing mill and box factory at Warrenton, and It Is understood that work will soon be commenced on tho erection of an other large shingle mill in Astoria. The logging end of the Industry was- much harder hit than was the manufacturing department. A num ber of the logging camps were closed for several months early in the year, while others did not operate at all. The result was that the payrolls 'of the losiing" companies, which in 19-0 amounted to more than 14.000,000, were approximately $1,800,000 for the year 1921. Movements of Vessels. PORTLAND. Jan. 1. Sailed at S A. M., British steamer Darrymore, for Yokohama and Kobe; at A P. M., steamer West Kader. for the orient; at 11:50 P. M-, steamer Atlas, for San Francisco. Arrived at mid night, steamer Frank U. Drum, from Gaviota. ASTORIA. Jan. 1. Sailed at 7:30 last niKht, steamer F. S. Loop, for San Fran cisco. Sailed at 8:15 A. M.. steamer Sen ator, for San Francisco. San Pedro and San Diego. Sailed at B:30 A. M-, steamer Georffina Rolph, for San Francisco. Sailed at 10:15 A. M., steamer Santa Inei, for Kedondo and San Pedro. Arrived at 11:30 A. M. and left up at 12:30 P. M., steamer Frank G. Drum, from Gaviota, SAX PEDRO. Cal.. Jan. 1. (Special.) Arrived, Admiral Farruirut. from San Francisco at 4 P. M. ; Harvard, from San Francisco at 10 A. 51.: Santiam. from Astoria at 8 A. M. ; Willie A. Hicgina, from Aberdeen, 8 A. M. ; F. H. Hlllman, from San Francisco. 7 A. M. Departed Admiral Schley. for San Francisco, 10 A. M.: Admiral Farrafrut, for San Diego, 11 P. M . : Santa Monica, for Eureka, 4 9 M . : West Notus, for San Francisco, 5 P. M. SEATTLE. Wash.. Jan. l.-Arrlved Alvarado, from New Orleans; Admiral Dewey, from San Diego. Departed Ad miral Goodrich, for San Francisco; North western, for southeastern Alaska. SAN FRANCISCO, Jan. 1. Sailed at 8 A. M., steamer Multnomah, for Portland; at 8 last night, steamer Florence Lucken bach, from Mobile for Portland. Sailed last night, ateamer Minnesotan, from Portland for Europe; steamer Andrea F. Lucken bach, from Portland for New York and way porta, SAN PEDRO. Jan. 1. Arrived yesterday, stenmer S.-intiam. from the Columbia river. Report "From Mouth of Columbia. NORTH HEAD. Jan. 1. Condition of the sea at 5 P. M.. rough; wind west, 24 mllea; weather, cloudy. Tide at Astoria Monday. . High. Low. 3:43 A. M 7.8 feetl 8:43 A. M...3.5 feet 3:0 P. M fiM fetil0:0O P. M...0.5 foot Woman's Estate Is $22,000,000. NEW YORK, Jan. 1. The estate left by Mrs. Helen C. Bostwick, widow of an ex-Standard Oil magnate, who died In 1920, was worth nearly $22,000,000, it was announced today. DAILY METEOROLOGICAL REPORT. PORTLAND, Jan. 1. Maximum temper atuie, 48 degrees; minimum, S3 degrees. River reading, S A. II.. 4.2 feet: change In last 24 hours, 0.2 foot rise. Total rainfall (5 P. M, to 5 P. it.), 0.29 inch: total rain fall since September 1, 1921, 19.13 Inches: normal rainfall since September 1, 111. 59 Inches; deficiency of rainfall since Sep tember 1. ll'21, 0 4rt inch. Sunrise. 7:53 A. M. ; sunset, 4:37 P. M. Total sunshine January 1, 2 hours 47 minutes: possible sunshine, 8 hours 44 minutes' Barometer (reduced to sea level) at 5 P. M., 29.98 Inches. Relative humidity at 5 A. M.. 93 per cent; at noon. C3 per cent; at 5 P. M., 75 per cent. THE WEATHER, 1 8TATIONS. Wind II Z 2 ,3 - O It -r o Ml'" Baker Boise Boston , . . . . Calgary .... Chicago . . . Denver Dea Moinea. . Eureka .... Galveston Helena Juneaut Kansas City Los Angeles Marsnrield Medford Minneapolis New Orleans New York.. North Head Phoenix .... Pocatello .. rortland ... Roseburg Sacramento St. Louis.... Salt Lake.. San Diego... S. Francisco. Seattle Sltkat Spokane ... Tacoma Tatoosh Isd- Valdeit Walla Walla Washington Winnipeg .. Yakima . . . . S0 3U 0 Bi 0 4A 0 ISO 50;0 32 0 50 0 54 0 4N 0 3 0 3X0 !', 0 4X0 4S 0 2(1 0 640 38 0 4(1 0 6S 0 4 0 02j..'NW:Cloudy . 141.. IW IRaln .00 12 NWlCiea Cloudy Clear Cloudy Clear Cloudy iciear Rain .1 U3 4K O 4j 4H0. 52 38 on 12 w 0" 12 NE 00 ..IN ,00 . . !S 12 1 N ,00 12 N' .00,1(1 W .00!. .1. . . 00 10S Clear ,20i. .SI5 Ram .221.. IS IRaln ,04!. .INW Cloudy 00.14ISE Cloudy .001.. NE Clear 00 40'NV Cli-ar .10:24 W C!iidy 001.. SB Cloudy 01 1 KK Rain .021. .ISW IMlsting 54 0 2S0 4N 0 60 0 54 0 440 40 0 82 0. 44 0 41 0 30 0 42 0 24 0 10 0 22' 80 0 0;..INW Pf. clnudv Cloudy i.Tlear Rain Cloudy Pt. cloudy is :i3 4S16'NW .011:1 S .001.. I 0H! . . ISW 40 12 SW .04 14iW .00!.. I.... 041 .IS .00 20 NW'Clear .0014E ICIoudy .001. ,!NE IClear Cloudy ICIoudy Cloudy ICIoudy tA. M. today. P. M. day. report of preceding FORECASTS. Portland and vicinity Occasional rain; winds mostly westerly. Oregon and Washington Occasional rain west, probably rain or snow east portion; fresh winds, mostly westerly. Edlefsen's wish you Happy 13:2. -Adv. Paaaenger and Freight Services NT, TO CHERBOURG A SOUTHAMPTON AQl ITAMA Feb. 7 Feb. 28 Mar. 21 N. Y. TO QUEENSTOWN & LIVERPOOL ALBANIA Feb. 18 Apr. 1 MC'YTHIA Jan. 26 Feb. 23 Mar. 22 (JAMKKONIA Mar. 11 NEW YORK TO HALIFAX. PLYMOUTH CHERBOURG AND HAMBURG SAXOMA Jan. 21 Mar 1 N. Y. TO LONDONDERRY & GLASGOW AI.OKRI V Jan. 21 Feb. 25 Apr. 1 ASSYRIA Mar. 17 BOSTON TO LONDONDERRY. LIVER POOL AND GLASGOW ASSYRIA Feb. 4 Apr. 18 May S3 PORTLAND, Me., to Halifax & Glasgow SATl' KM A . Feb. IB Mar. 30 CAS.SAN DKA-T. Mar. S! Apr. 13 For Information, tlekets, ete.. apply to Local Agenta. or Company's Office, 621 Second Ave., tieattle. Phone Elliott 632. Jiusamu.1,1 HI B-" ! X -' -1 : W 31 4V M New York Havre Paris LA TOt'RAlNE. .Jan. 7 Feb. 4 Mar. 2 KOCH AM BEAU ..Jan. 17 Feb. 18 Mar. 25 PARIS Jan. 18 Feb. 21 Mar. 15 CHICAGO Jan. 21 Feb. 25 Apr. 1 LA LORRAINE). .Jan. 2S Mar. 4 Apr. 1 LA SAVOIE Feb. 11 Mar. 11 NIAGARA Feb. 11 Apr. 8 FRANCE Feb. IB Mnr. 23 Apr. IS NEW YORK VIGO (SPAIN) HAVRE La Hourrlonnaia ...Ian. 4 Feb. 7 Mar. 14 Fugazl Bros., Pacific Coast Agents, 109 Cherry hi.. Seattle, or Local Office., Sailed yesterday, steamer Daisy Putnam, for tbe Columbia river: steamer Willpolo, from New York for Portland. HONOLULU. Dec. SI. Sailed Japanese steamer Texas Maru. from Portland for Japan. CRISTOBAL. Dec. J-Salled Steamer Atlantic City, from Baltimore tor San Francisco. LEITH. Deo. SO. Arrived Swedish mo torsbip Buenos Ayres, from Portland. NEW YORK, Jan. 1. Arrived Kentuck ian, from Portland and San Francisco. VICTORIA. B. C. Jan. 1. (Special.) Arrived Prince Rupert, from Prince Ru pert via porta. Departed Prince Rupert, for Prince Rut pert via Seattle and Vancouver. Passed, Mississippi, for Portland from Vancou ver. December 31. Canadian Highlander, Yor the orient, from Vancouver; Toklwa Maru, for Yokonama. from Vancouver. THOUSANDS DIE IN FLOOD VAST SECTIONS OF CHIXA IX UXDATED AGAIX. Hundreds of Thousands of Teople Lert Homeless and Starving by Latest Disaster. NEW YORK, Jan. 1. Floods sweeping over vast aertions of China and followed by famine have killed thousands and "left hundreds of thou sands starvinB. This was the" message received Fri day by the Episcopal department of missions from Rev. Edmund J. Lee. secretary of the international fam ine relief committee at Ahnwel. The Yellow river, which last Aug ust overnowea its Danas, imamns large part of the province of Shan tung, apain'Tias risen, tnis time tui erins frreat tracts in Shantung. Ki an?su and Ahnwei, and finding a new outlet to the sea. "So suddenly did the flood come that great numbers were unable to escape," wrote the clergyman. "Whole villages were swept away and thousands were drowned. "In Ahnwei province the Hwal river burst its banks'fend has become one great inland sea. Large parts of 13 counties are submerged, the flooded area comprising about 10,000 square miles." Other reports received at Episcopal headquarters indicated that several lakes had been formed over tracts formerly under cultivation and that it was impossible to drain many sec tions. This would mean that the dis possessed would be unable to return to their ruined villages and would be dependent on famine relief the rest of the winter. An international famine relief so- including the. governor, military gov- ! ernur aim jiuiiiuiivti. Jazz to Itc Subdued. - CHICAGO. Jan. 1. School music will be enlivened, but "jazz rhythm" will be kept subdued, as It always has been, G. O. Bowen of the Univer siay of Michigan, vice-president of the music supervisors of public schools, said yesterday at a meeting of the directors. I.ailroatl Expenses Slashed. PHILADELPHIA. Jan. 1. Samuel Rea, president of the Pennsylvania Railroad company, in a New Year'a greeting to officers and employes. Raid the company had reduced main tenance and operating expenses by more than $170,000,000 as compared with the previous year. L WILL LINK SEAS GERMANS TO CONSTRUCT BIG RHIXE-DAXUBE WATERWAY. Gigantic Project Will Require 20 Tears for Completion and Billions of Marks. MUNICH. Germany, Jan. 1. (By the Associated -Press.)' A corporation with an Initial capital of 1.200.000,000 marks has been organised for the con struction of a canal connecting the Rhine, the Main and the Danube, the biggest waterway project ever under taken in Europe, which will require 20 years for completion. Part of the canal, work on which will begin January 1, will be built across & 1200-foot elevation, requiring 60 locks over a stretch of 700 kilo meters. Forty power plants, capable of developing 400.000 horse power, are ta be erected, designed to supply 2.500.000.000 akilowata of power an hour, at an estimate of 3.000,000 marks' worth of coal every year. The total length of the waterway will be 3437 kilometers, and will be able to accommodate 1600-ton ships. The canal is designed aa a thoro ughfare between the North and Black seas, with continental connections which its promoter believe will make it of Inestimable value to for eign as well aa domestic shipping.. The meeting at which the pompany waa founded was attended by repre sentatives of every branch of Uer man industry. The prestige TTr Oregonlan Want Ads has been attained not merely by The Oregonian's large circulation, but by the fact that all ita readers are Interested in Oregonlan Want-Ads. Edlefsen's wish you Happy 1922. -Adv. mm V Passenger and Freight Service to California Throuch Sailing to San Franrlaco, Low Angeleai anal San Diego. Leave Municipal Dock No. 2, 4 P. M. SS. Admiral Evans - - Jan. 7 SS. Senator Jan. 14 SS. Admiral Evans - Jan. 21 And Every Saturday Thereafter. Local Service to Marshfield, Eureka and San Francisco SS. Curacao, 4 P. M. Jan. 4 "Every 14 Daya Thereafter. Fast Trans-Pacific Passen ger and Freight Service Yokohama. Kobe. Shanghai. Honirkong and Manila Sailing from Seattle. SS. Bay State Jan. 7 SS. Keystone State - Jan. 14 SS, Silver State Feb. 4 For full Information apply to 101 Third St., Corner Stark Phone Main 281. KINGDOM OF NORWAY Vio Coupon Bonds Denomination 19. lid Kroner 3SO, Krssri SOO Special Offering AT '46.50' IMMKDIATK DELIVERY Phone or Wire Order at Our Expense. A. F. BERNSTEIN & CO. 5:16 NsrthwnlrrB Hank Building Main 21172 1'ortiand HERRIN & RHODES, Inc. Established IW STOCKS, BONDS, COTTON, GRAIN Correspondents K. F. HUTTON CO, N. T. Members all leading exchanges Bannon's Service on Kile. Main 9S!I ?(H RiiiltTsy Kf hanire Wfla. yiiiHHHHiiiitliiiH!ll(iiil(l!iiiiiii;liH n i r " r rrT - T- fr" g What Will This New Year Mean to You Five Years From Now? Sixty-two years and more this bank has stood as a tower of financial strength and stability in the Pacific Northwest. Through panics and prosperity, through every change of conditions, it has stood all tests, and has grown stronger and more secure with each suc ceeding year. k . To the investor in securities this record is a guarantee of high quality, and all that is best in investments. To purchase a bond from a permanent, strong Institution means that through the life of the bond you have a continuing service in connection with it the collection of coupons, the ready salability of your bond, its con version into other forms of security, notice of calls for payment, collection of the bond itself at maturity, and at -all times conscientious, experienced advice con cerning it. All this may not seem valuable to you today, but what will it mean to you five or ten years from now? This valuable protection is part of the service that this bank offers its customers. It is our endeavor to provide those who deal with us with the highest type of securi ties anywhere available at the lowest prices obtainable. We invite you to make use of these facilities. Consult our Bond Department about the profitable investment of your January funds. mm & TJDLTON BANK Oldest in the Nortliwest Washington at Third Portland, Oregon MfMBfR EOERALRtSERVI sysiim. i ASTORIA AND WAYPOINTS Steamer Service. Lv. Dally (Rkrept Saturday) 7:30 P. 31. Splendid Sleeping Accommodations. Connection! Made for All North and South Beach Points. Fare f 1 .8 Karh War :1 Hound Trip. Alder-ST. Imk. Broadnajr 0345. Tbe Harkinx Transportation Co. AUSTRALIA SEW XRUAKD AND SOUTH SEAS Via Tahiti and Rnratonga. Mall and pRHxrnEer itervice from Ban Francisco every dajm. IMOX S. 8. CO. OF. NEW ZEALAND . 230 California St., San Kraneinco. or local .teamnhlp and railroad apcBciea. . ,Fl''1T'"l,"'.-''Bel-"''fa"aiiiitwi I p us I iswf mm ms- iiijiii i. 11 u i ! ' " 1 . "W i (Regular service between Portland, Maine; Philadelphia, Boston, - Its PJCW lorK and los Angr.ies. ban r rancisco, fortiana, Oregon; VT Seattle and Tacoma via tha Panama canal.) North Atlantio and ii western s. a. io- sbuu-ion si.ei vessels. EASTBOUKD From Portland. Or. LLRHIGH Jan. 14 WKST 1SI.KTA. .Jan. 1 COl.U HAltllOK. l'cb. 11 WESTBOUND From From From Portland. Me. Boston Phlla. SPRINGFIELD. Jan. 11 Jan. 14 Jan. 19 Ip AKT1I.AI Jan.38 Feb. 1 . IBKI SH Feb. 12 Feb. 13 Feb. SO For Further Information AcdIv to TIIE AUU1UAL LINE. Pacific Coast Aa-eats. 1 0t 1't IrA KtpMt. flkAn. Main CM, NORTH CHINA LINE Columbia Pacific Shipping Co. Direct Freight Service Without Transshlpm.at PORTLAND TO Yokohama, Kobe, Shanghai, Tsingtao, Tientsin (TakuBar), Chinwangtao, Dairen 8. S. WEST KADER Jan. 2 S. 8. LAS VEQA8 Jan. 23 Shanghai, Manila, Hongkong S. S. WEST KEATS Jan. 17 8. & VINITA Feb. 17 For further Information regarding spae.. rates, etc.. applr to TRAFFIO DEFT KJt-tit Board of Trad Bide, Portland, Or., or Aston. Sblpoins Co, Astoria, Or., or R, T. Jobus A Co.. Central Bids.. Seattle, Wash. NORWAY j3y2s STERLING BONDS Security; rated "AA." Income, 6 to 7. Profit prospects, 100 cc . Marketability, instant. As Sterling advances so are these bonds advanced in yield and value. We own and offer 10.000 in small denominations. G. E. MILLER & COMPANY Northwestern Bank Bldg. 2d Floor Main 4195 1 A Conservative Custodian The Clearing House f illl IJ ! Bond Investments Our services are at your disposal. Ask for our complimentary Booklet explaining the op eration of the new Federal Income Tax Law for 1921. p.l.Devereauxtx(Qmpany INVESTMENT BONDS ST SIXTH STREET PORTLAND. OREGON BROADWAY 1042 GROUND FLOOR WELLS -FARGO BUILDING sm jaw nws'misM Ml vtyfrn 1 n .ju hi, nasi J January Investments OREGON COUNTY'and CITy BONDS , Yielding 5.00 to 6.25 " JOHNSTON - H ATTREM QO. Main 6984 YEON BUILDING PORTLAND, OREGON The Clearing House is primarily a means of expediting business. Every Bank receives many checks drawn on other banks in the same city and they in turn receive checks drawn on the first bank. Formerly messengers from each bank made the rounds of all the other banks, delivering checks and collection currency, a slow and risky system. Now the representatives of all Clearing House banks meet together and exchange these checks, a bank paying or receiving merely the differ ence between the total checks it holds on all other member banks, and the- total checks held by other banks against it. The Hibemia is one of the seven members of the Portland Clearing House. I fflBMSSfliffi 4& Washing ankinsg 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. Fourth and Stark Streets. For Your January Funds We Own and Offer The Following Income Tax Exempt Municipal Bond3 Douglas County (Oregon) Road. llnte Maturity Tlrld 1924 5.10 6 1934-39 5.40 6 1931 5.85 7 1941 6.50 6 1926-35 6 00 6 1924 5.50 6 1931 7.00 North Bend (Or.) Fire Equipment. Arlington (Or.) Gen. Obligation... Ephrata (Wash.) Gen. Ob. Water. Vliatcom County (Wash.) Road. . . Lewistown (Mont.) Pav. Dis. No. 45 Western Bond & Mortgage Co. Ground Floor Board of Trade BIdg., Tel. Main 113 80 Fourth Street Portland, Or. ! !