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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (March 20, 1922)
IS TITE MORXIXG OREGONIAX, MONDAY," MARCn 20, 1922 liber GOiinoi IE BUT LITTLE 1 Improvement Over Week Ago Is Not Great. BAD WEATHER IS FELT Storms Also Have Tendency to Pre vent Placing of Orders for , Building Material. Lumber conditions throughout the northwest have experienced no great improvement over what they were a week ago. Inquiries for lumber prices keep coming from the Eastern markets, but storms and bad weather have had a tendency to prevent plac ing: of orders for building; material. C. C. Crow's Pacific Coast Lumber Index, which has just been issued. shows no decided change in the gen eral lumber situation. Out of a pos Bible total of 404 mills with a com bined eight-hour output of 35,773,000 feet daily it shows that 268 are run ning and are cutting to 76 per cent of capacity. A total of 14b mills or 86 per cent are shut down. Capacity Classification Blade. The Index has listed 238 mills of a daily capacity of 60,000 feet and a combined possible output ol 31. 2-6, 000. Of this number 175, or 73 per cent, are running and are cutting 79 per cent of a possible output of all listed. It is shown that these mills are lacking 21 per cent of coming up to normal output. ' Mills of the class that cut under 60,000 feet daily are listed as 166. Of this number but S3, or 50 per cent, are running. Of a total number of 112 cargo ' mills Mr. Crow lists, 8"4, or 75 per cent, are running and are cutting 85 per cent of what the combined total could cut under ordinary conditions. Out of 178 shingle mills 112, or 63 per cent, are running and are cut ting 73 per cent of what all could cut. Small Mills Increase. "One feature of our report stands out," declared Mr. Crow- in his report, and that is that there is an increase in the number of small mills oper ating. This class of plants has Jumped from 39 per cent running to 00 per cent, wun tne same gain gross output. This can be attributed to the fact that during the last month several fair-sized orders for ties hav been placed and the bridge plan business has taken on its usual sea sonal activity, giving these small mills orders they can handle. "There is no denying that February was a disappointment in both the volume of business placed and prices. owing to the combination of a num ber of unfavorable conditions, the principal one of which was the weath er. Most of the territory Into which our product normally moves had the worst storms of the winter las month, with low temperatures that would not permit building. It was to be expected that buying would drop off. Increase la Reported. "Everyone reports an increase in the number of inquiries from the east during the last ten days. Build ins permits taken out in the cities of the country during January exceeded by 100 per cent those of a year ago, This is concrete evidence that big lumber orders will come as soon as weather conditions permit building. "California business has continued slow, with a slight weakening in prices, although some very favorable signs "have been noted during the week and it now appears that buying in the northern and central parts of the state will start soon. Japanese business remains inactive. "Large orders for car material re cently placed in the hands of buyers had a tendency to strengthen the prices of uppers and there is little doubt but what with the spring buy ing or yard stocks at hand upper grades will be inclined to advance in price. One of these days the retail dealers of the east are going to dis cover that spring is on them and they will all want to buy at once. This is characteristic of the lumber market. The outlook for the building of resi- , dential structures in the cities over the united States was never brighter and the fall months will un doubtedly see a resumption of buying In -the agricultural sections, so that the year will undoubtedly yet be good from the standpoint of the lumber in dustry." , Conditions Wot Satisfactory. Logging conditions are not at all satisfactory from the standpoint of the logger. During the last two months the prices on logs have dropped an average of 31.50, and in some cases even more. Many of the .camps are down on account of wea ther conditions and will not be able to open until warm rains come and melt the snows. Many of the log gers are complaining that with pres ent prices they are unable to make a profit. The complaint is being made that many loggers are unwilling to go to the camps for the wages that are be ing paid and that the companies are unable to pay more. This condition causes less efficient men to be employed and the continual hiring and firing of men tends to wards higher costs of production. Much Building Is Forecast. An eastern banker who visited Portland during the last week called attention to conditions similar to those outlined by the report. He de clared that in the industrial cities of the east there would be a big build ing programme during the coming summer. In New Tork city he de clares that there will be little build ing, due to the fact that legislation curbing the so-called "rent hog" has been placed on the statute books alid as long as this remains, men will not spend their capital for new apart ment houses and flats. In other cities, however, he said that the building programmes were so far behind that it would be necessary for building to be carried on on a large scale. The lumbermen of the northwest have been depending largely upon the astern market. . There seems to be a growing tendency for this market to Improve and when it does there wiU b" few expressions of pessimism regarding inabilities to dispose of the upper grades of lumber. The prob lem will be, with the agricultural dis tricts in their present condition, how to dispose of the lower grades of lumber. Portland and Astoria the steamer Rose City crossed out at 6:80 last evening for San Francisco. The steamer Admiral Evim with freight and passengers from Portland and Astoria sailed at 12:30 this morning for San Fran cisco and San Pedro. Bringing fuel oil the tank ateamer Col. E. L. rrake arrived at 2 o'clock this morn Ins from California and went to Portland. The Swedish steamer Ancen arrived at 0 o'clock this morning from Eureka and went to the Hammond mill to load lumber. The steam schooner Anna Hanify ar rived at 8:15 this morning from San Fran cisco and will load lumber at Westport. The steamer . Hannawa arrived from Shanghai at 4 o'clock this morning en route to Portland. The Holland-American line steamer Noorderdijk with freight from Astoria and Portland sailed at 6 o'clock last evening for San Francisco, The Japanese steamer Seiyo Maru with freight from Portland 1ST CAYOTE TAKES OUT GENERAL CARGO Departure for Orient Is Fea ture of Day's Activities. PIONEER. BANKER OP HILLS BORO IS DEAD. a- . IlfeliSiil.lll IlfattlllPplftlll Grays Harbor port commission on im provement work, and it is expected work on the three ships, docks, wharves and. factory sites will be completed early In June. The figures on the expenditure wre given by Deputy Assessor Campbell, and rep resents about half of the $800,000 bond Issue voted two years ago. About $60,000 additional has been obtained through ,the two-mill levy permitted each year under the state law.- Movements ot Vessels. PORTLAND. March 19. Sailed at 8:30 A. M., Steamer Depere, for Seattle; noon, steamer West Cayote, for orient. Arrived at 1 P. M., steamer Colonel E. Drake, from San. Francisco. ' ASTORIA. March 19. Sailed at 12:30 A. M steamer Admiral Evans, for Sa Francisco, San Pedro and San Diego. A rived at 3 and left up at 4:30 A M. steamer Colonel E. L. Drake, from San Francisco. Arrived at 6 and left up at A. M. tteiamo- Anna U.nlfv fmm Kn BIS arep oi nitrates r rum e Francisco. Arrived ai 6 A. M Norwegla steamer vAnten, from Eureka. Arrived at DEPERE : ALSO LEAVES Coast of South America Is Discharged In Portland. A. M. and left un at 6 P. M., steamer nannawa. from Shanghai and way port Sailed at 7 A. M.. steamer Avalon, for San Francisco. Sailed at 7:10 A. M., steame w . f. Herrin, for San Francisco. Kane at 10:20 A. M.. Japanese steamer Yoko Maru, for Japan. SAN FRANCISCO. March 19. Sailed at 1 A. M., Bt&amer Iowan, from Portland .The sailing of the General Steam ship corporation's steamer Depere for sound Dorts after discharging I for Boston and New York. Sailed at cargo here and the Columbia Pacific I - steamer Annette Rolph, lor -ort. Shipping; company's steamer . West 'ana. r"""1" lor l" " ASTORIA. March 18. Sailed, Japanese cargo, were features oi activity on gteamer Selyo Maru, for orient. Sailed at the water front yesterday. I 9 P. M.. steamer Rose City, for San Fran The Depere brought a pis cargo Cisco; -Norwegian steamer Luise Nelsen, for of nitraton frnm tho west coast of orient: at 6:30 P. M.. Dutch steamer Noor Scuth America. A large consignment uera.ja.wr Kotteraam ano. way pons; ; a ..Zrrrt ,r r,rt I 7 p- M., motorship Boobyalla, for Sai ... ""o -------- Francisco and San Ped Arrived at ateamer Montonv John W. Shute. John W. Shute, pioneer banker of Oregon, died at his home at Hillsboro yesterday morning at 10 o'clock from a complication of ailments incident to age. Mr. Shute was 82 years old and came to Oregon when he was 18. He established the Shute Sav- - ings bank of Hillsboro and was a large property owner at the J time of his d-eath. He had re I tired from business and a eon, Arthur C, is now president of T the bank. Mr. Shute Is survived by his widow, Mary E, three sons, Arthur C. of Hillsboro, Edward A. and Tracy H. of Portland, and twin daughters, Mary and Marion of Hillsboro. Several brothers and sisters of Mr. Shute live in the east. The funeral will be held Wednesday afternoon at 2:30 from the Methodist church of Hillsboro, of Which Mr. Shute was long a member. the vessel proceeded to Seattle to I ,,. un , complete the discharge of her cargo. I ery City, from Everett. She will return here early in April to take on a cargo of flour and lum ber for the west coast. Steamer Hannawa Passed. On her way down the river ' the West 'Cayote passed the steamer Hannawa, another vessel of the same I sailed at 9 P. M steamer Willamette, for lino, which arrived in tne uoramDia i -ortiano. river, yesterday morning at 5 o'clock SAN FRANCISCO. March 18. Arrived at 6 P. M., steamer Jacob Luckenbach from ..New Orleans, for Portland; at P. M.. steamer Texan, from Liverpool for Puget sound and Portland. Sailed at P. M., steamer Chas. H. Cramp, for Port land from Baltimore and way ports. from the orient. The Hannawa left I up at 6 o'clock last night and will be in the harbor this morning. An unusual number of vessels which were lying inside during the heavy weather sailed Saturday night and Sunday, thus making a long sail ing list. Five steamers got away Saturday night after the storm oir th'o coast had ceased to blow and a large number got away yesterday, Steamer Depere One Departure. Departures yesterday included the steamer Depere, which sailed Seattle; the steamer West Cayote, which got away for the orient; th steamer Admiral Evans, ' which got away for San Francisco, San Pedro and San t)Iego; the steamer Avalon for San Francisco; the steamer W. F, Herrin for San Francisco and the Japanese steamer Yoko Maru for Japan MARSHFIELD. Or., March 19. (Sue clal.) Arrived at 2:15 P. M-, Admiral Rodman, from San Francisco; at 4:25 P. M., John B. Stetson, from Ban Fran cisco. TACOMA. Wash.. March 19. Arrived Nebraskan. from New Tork; H. B. Love- Joy, from San Francisco; Northwestern, from Alaska ports. Sailed Texas Maru, for Yokohama Anyox, for Vancouver: H. B. Lovejoy, fox Seattle. . , SEATTLE. Wash.. March 19. Arrived Northwestern, from southwestern- Alaska for H. B. Lovejoy, from Tacoma; Lyman Stewart, from Oleum; Ruth Alexander, rrom jew York.. Sailed Lyman Stewart, for Oleum: F. J. Luckenbach. from New York: Ne braskan. for Tacoma: Egypt Maru. for Kobe; Admiral Schley, for Kan " Pedro; iNortnwestern, ror Tacoma. Ship Reports by Radio. sailed at 2 o'clock yesterday afternoon for the orient. The lumber laden Japanese steamer! will begin taking cargo at Westport. got into the Columbia river San Francisco yesterday morning. She .is scheduled to load lumber on the river for California ports and Yoko Maru sailed at 11 o'clock today for japan. The Norwegian steamer Luise Nielsen, lumber laden from Grays Harbor for the orient, sailed at 5 o'clock this morning. . The steamer Montgomery City arrived at 8 o'clock .last night from Eureka and I SEATTLE went to weatDorl to load lumoer. Carrying freight from Portland the mo torship Boobyalla sailed at 7 o clock last 1 FParik Waterhouse & Th MMnr MMmr Anna Hanifv . ' r ".iueu ny """o corporation oi , r : , - i America.! .1UIU t ; - ,, . , . uoiiiuiia acpurtcu ai o sr. ivx. yesterday, unless otherwise Indicated, were as follows: NORTHLAND. Seattle for San Fran Cisco, 674 miles from San Francisco. RAINIEH San Francisco for Bellinrham. lo miles irora teillngnam. ROBIN GOODFELLOW. passed out Tatoosh at midnight, bound for i Portland rrom Everett. . MONTAGUE. Shanehai for Portland. 2031 miles from the Columbia river, March 18. ' HOLLYWOOD. Honolulu for San Fran cisco, 10 miles from Honolulu, March 18. WEST ISLIP, Honolulu for San Fran cisco, 1315 miles from San Francisco, March 18. MANULANI. San Francisco for Bellina-- ham. 281 miles north of San Francisco, March 18. HYADES, Mahukona. for San Francisco, The Standard oil' tanker E. U. Drake, which has not been a visitor here for some time, also arrived from San Francisco with oil, FIRM FAVORS CUT Co. Takes w ,Ll ,Llg JV r Sam Position as Frisco Lines Westport the steam schooner G. C. Lin- I dauer shifted at 7 o'clock last night to SEATTLE, Wash., March 19. Fol- wV'n:? L. cPKVn".fi'f- ..... lowing charges made by San Fran t 4:4.-, this afternoon from Kvrrut and cisco steamship companies that sim goes to St. Helens and Portland. I ilar concerns- operating out of north- 1647 miles west of San Francisco. March 18. A steam schooner was reported outside I west ports had slashed rates on all ANDREA F. LUCKENBACH. Tacoma for at 6 o'clock this evening and she is be- I through tonnage, as a result of which San Francisco, 60 miles northwest of Capel ieved to be the Daisy en route to Port land. the San Francisco concerns were said to have declared for "open rates" on SAN PEDRO, Cal., March 19. The all westbound overland or through steam schooners Georgina Rolph and An- cargo, representatives of Frank rette Rolph, now on lumber runs direct WaterTiouse & Co., pioneer Seattle trom ortiact, or., to ban i-edro. soon shippins concern, announced that bla river points and San Pedro, it was an nounced here today by officials of the Mc Cormick Steamship company. Charles L. Wheeler, traffic manager for the line, was here to arrange for increased port facilities for vessels in th - McCormick service and to assist in relieving conges tion at tne lumoer aocks. their company, had taken the same position as the San Francisco companies. Representatives of Dodwell & Co., agents for the Blue Funnel line, stated that their firm is not a mem ber of any conference and that it will Entry of the Luckenbach Steamship meet all competition. They declared company into the passenger-carrying trade on the Pacific was announced here, following receipt of advice to that effect that in the case of overland or through cargo scarcely any tonnage from srnTrancisco. The newfacqu red iS mOVin 8. that thS PfOSUin tal"B Pacific Coast Shipping: Notes. ASTORIA. Or.. Mar. 19. (Special.) As a result of the better weather outside, the harbor was cleared yesterday afternoon and last night of all delayed vessels. r The steam schooner Avalon carrying' a cargo of lumber sailed for San Pedro at 7 o'clock this morning. After discharging fuel oil in Portland the tank steamer Wm. F. Herrin sailed at 7:30 this morning for California. Cirri ins freight and passengers from steamer Jacob Luckenbach, formerly the passenger liner Honolulu, which left here Friday for San Francisco, will be the first vessel in the Luckenbach service to carry passengers, according to H. C. Cantelow. racinc coast manager for the cnmmnv The new service will be between Galveston. Houston and other Gulf of Mexico ports and" the Pacific coast. The new service win toilow the return of the Jacob Luck enbach to the gulf with freight. word nas been received here that tent. tlvo arrangements have been made by a " wnaiing company of Leith, Scot land, to take over tho Harrison line ireignter l-'olltlcian, now In service be tween European ports and San Pedro, ShAITLE, Wash., March 19. Seattle's wLer commerce continues to show aa in crease, the total for last month being $30,385,132 as compared with 123 ftxi nnn for the corresponding month of last year, according to trie February rennrt r ih. city harbor department completed yester- '.e gain is t,.34,os, or more than 2S per cent. February is thn thirrf n,ir.0.- sive month to show a heavy gain as com pared with the record of the previous cor responding period. Establishing a noteworthy record, H. C. Lord, United States local inspector of boilers, last week completed' 40 years in me governments service, including is years in the steamboat inspection service. First of the big canntry sailing vessels to prepare for tho Alaska season, the ship St. Paul of the NorthweJtern Fisheries company was towed from winter quarters Biree-t terminal uuay. one win sail for Chin k Arril with a full cargo of cannerv nunnli.. .a 150 cannery workers. EUREKA, Cal.. March If). Th. iv. chooner Santa Monica wiih .... umber for San Francisco anrt Bhi.h i been barbound this morning, on account of high seas, abandoned an effort to get to a. GRAYS HARBOR. Wash.. Mrl, io Approximately $400,000 has been to date by the Grays Harbor port commis sion on improvement work. Thi, i. ..... ....a. uuuu un yoica iwo years ago for harbor Improvement projects. About mi.uw additional has been nhitj through the 2-mtll levy permitted each ear under the state law. It la ir.H that work on three slips, docks. whirvM and factory sites will be completed early in June. The steamer Liberator. 12 cinn tn. f the Atlantic, Gulf & Pacific Steamshin company, was completing her load of 000.000 feet of lumber at the Northwest ern mill here today, preparatory to sail ing for the east coast via San Fmnta,.n She is one of the largest ships that have entered the harbor. Seven companies operating tusrs or small iteamers that do tugelns- have aa-r.H in . uniform rate of towing, it was announced today, and the schedule of rates has been filed with the public service commission in Olympia. The companies signing the greement practically control tha husineaa on the harbor. TACOMA. Wash. March 1. Th. -v.. braskan of the American-Hawaiian line arrived yesterday at the Baker riov t load a general freicht cmn for K.v y.i. nd other Atlantic ports. The N'nhraakan is a ship with a war record, having been torpedoed off the English coast and nar rowly escaping sinking. A. cargo ot ore from northern mlno. w.. brought to the Tacoma smelter yesterday by the steamship Northwestern of th. Alaska Steamshio comnanv. tk ,rQ...i will sail tomorrow or Tuesday for Alaskan ports with a general freight cargo. The Isthmian liner Robin Adair is ex pected at. me Tacoma smelter tomorrow from Vancouver to load 1000 tons of copper for New Tork. The steamer Artigas of the Nawsco line Is due tomorrow to load , lumber for At lantic ports. The liner also has inbound freight to discharge at the port dock. Reports From Month of Columbia. NORTH HEAD. March 19. Condition- of the sea at a P. M., moderate; wind, west. by San Francisco firms for open rates on westbound business will have no marked effect. Advices today from Vancouver, B. C announced that the Canadian Pacific railroad is prepared. if necessary, to slash rates on cargo of Pacific coast origin, as well as on the overland or through movement Tugs Sign Agreement. HOQUIAM, Wash., March 19. (Spe cial.) Seven, companies operating tugs or small steamers that do tow ing have agreed to a uniform rate for towing, it has been announced officially, and the schedule has been filed with the public service commis sion in Olympia. The companies signing the agreement practically control the business on the harbot. They are the Allman-Hubbie Tugboat company, Grays Harbor Construction company and the launch Union, owned by Fred Thurber, all of this city, and the Hustle Tugboat com pany, Washington Tugboat company. Forester Tugboat company and th steamer Imogene, all of Aberdeen. Lumber Cargo Loading. HOQUIAM, Wash., March 19. (Spe cial.) The steamer Liberator, 12,008 tons, of the Atlantic, Gulf & Pacific Steamship company, is completing her load of 2,000,000 feet of lumber at North Western mill here today, pre paratory to leaving for the east coast via San Francisco. She is one of the largest ships to enter the harbor. Loading has been carried on both from the dopks and barges alongside to expedite her departure. $400,000 Spent on Harbor. HOQUIAM, Wash., March 19. (Spe- clal.) Approximately $400,000 has been spnt to the present time by the Blanco, March IS. ENTERPRISE, San Francisco for Hilo. 1910 miles from San Francisco. March 18. MAUI, left Hilo for Honolulu at 4:30 P. M., March 18. MANOA, Honolulu for San Francisco. 1085 miles west of San Francisco- March 18. MYSTIC, San Diego for Willaoa har bor. 2S miles from Trinidad head. March IS. W1LHBLMINA, San Francisco for Hono lulu, 1052 miles from San Francisco. March 18. CHINA, San Francisco for Honakona. 17 miles from San Francisco. March 18. CLAKEMONT, Willapa harbor for San Pedro. 38 miles' west of San Pedro. BALBOAv San Francisco for Cham- pcrico, 823 miles south of San Francisco. IOWAN, San Francisco for San Pedro. 132 miles north of San Pedro ATLAS, Eureka for Aberdeen. 6T miles from Aberdeen. FELIX TAUSSIG Baltimore for San Pedro, 600 miles "south of San Pedro. PRESIDENT. Wilmington for San Fran cisco, 129 miles from Wilmington. ELDORADO. San Pedro for New Or. leans. 227 miles south of San Pedro. CHINA, San Francisco for Hnnerkone- 227 miles from San Francisco. ROSE CITY, Portland for San Fran cisco. 259 miles from San Francisco. STANDARD ARROW. San Francisco for laku oar, oa miles west of San Francisco. bUHiuu, Ban Francisco for Seattle. 95 miles north of San Francisco. H. T. HARPER, Richmond fer Point Wells, 460 miles from Point Wells. man OA, Honolulu for San Francisco, 2 miles west of San Francisco. ADMIRAL GOODRICH. San Francisco for Seattle. 310 miles north of San Fran cisco. WILLFARO, San Pedrd for San Fran. Cisco, 815 miles south of San Francisco. NANTA TSATirci,. San Pedro fnr San Francisco, IS miles west of Point Argucllo at noon. MANDARIN. San Francisco for Mukil teo, 43 milee north of San Francisco. WEST ISLIP. 1095 miles from San Fran Cisco, Honolulu for San Francisco?- JOHANNA SMITH, San Francisco for Coos bay, 95 miles from San Francisco. EAGLE, San Francisco for Portland, 221 miles south of the Columbia river. C. A. SMITH. San Francisco for Coor bay, 273 miles north of San Francisco .. SISKIYOU, Raymond for San Pedro off San Fra.ncIsco. J. A. MOFFETT, Point Wells for. San Pedro, 685 miles north of San Pedro. SANTA RITA, San Pedro for San Fran Cisco 75 miles south of San Francisco. NORTHWESTERN. Ketchikan for Se attle, 45 miles south of Seymour narrows. Aiarcn j EASTERN MERCHANT, Nagaski for SeatMe, 538 miles from Seattle at 2 P. M March 1. EGYPT MARU, left Seattle for Yoko hama. ADMIRAL SCHLEY, Seattle for San Francisco, 107 miles from Seattle. TEXAS MARU, left Tacoma for Kobs HORACE X. BAXTER. Redondo for Eagle harbor. 207 miles from Eagle harbor. ED K1NUSLET. San Francisco for Vic toria, 470 miles north of San Francisco at noon.. ROBIN GOODFELLOW, Everett for Portland, 44 miles north of the Columbia river. H. HARPER, Richmond for Point Wells, 460 miles from Point Wells. WILLAMETTE, San Francisco for Port land, 21a miles north of San Francisco. YOSEMITE, San Francisco for Seattle. 36 miles north of Blunts reef. ANNETTE ROLPH, San Francisco for Portland, 133 miles north of San Fran Cisco. ROBIN GOODFELLOW. Everett for Portland, abreast Westport. LOUISE NIELSEN. Astoria for Kobe 143 .miles from North Head. ADMIRAL EVANS. Portland for San Francisco, 182 miles south of Columbia river. JOHN C. KIRKPATRICK. Seattle for San Pedro, 155 miles south of Columbia river. ERNEST H. MEYERS. San Francisco lor Seattle, 43o miles north of San Fran Cisco. . " AVALON, Portland for San Francisco. lw miles south of Columbia river. EDNA CHRISTENSON. Grays Harbor for San Francisco, barbound in Gravs aiaroor. EAGLE, San Francisco for Portland. 32 miles north of Cape Mendocino, noon. Hi ASTERN MERCHANT. Naeasaki for beattle, 240 miles from Seattle. By Federal Telegraph. WEST ROSPECT. San Pedro for Yoko hama, 4151 miles west of San Pedro. march xa. WEST FARALON, Zamboanga for San Pedro. 2200 miles west of San Pedro. Aiarcn 18. SONOMA, ' Sydney for San Francisco. 1026 miles south of Honolulu at noon. March 18. SANTA ANNA. New York for San Fran cisco. 1470 miles south of San Pedro, March 18. WEST CHOPAKA; Manila for San Pedro. 3226 miles west of San Pedro, March 18. DILWORTH San Francisco for Manila. 4135 miles west of San Francisco, March 18. CUBA, Panama for San Francisco, 890 miles south of San Francisco, March 18. VENTURA, San Francisco for Sydney, miles northeast of Honolulu. 202 FRANK G. DRUM. Gaviota for Honolulu, 168 miles west of Gaviota. CHARLES H. CRAMP, San Francisco for Portland, 60 miles south of Cape Blanco. BOHEMIAN CLUB, San Francisco for Honolulu, 1415. miles west of San Fran- isco. ' W. F. HERRIN. Portland for San Fran cisco, 217 miles south of Portland. OLEUM, San Pedro for Vancouver, 1085 miles south of Vancouver. PAPER ARRIVES, EARLY Raymond Folk Read The Orego- nian at Breakfast Tables. RAYMOND, Wash., March 19. (Special.) At 6 o'clock this morning the the people of this city were aroused from their slumbers by the ewsboys in the streets shouting Oregonian," and subscribers to the paper received copies before break fast. Patrons at hotels were also accommodated. Previously daily pa- ers arrived by stage from Centralia at varying times from 10:30 to noon. The population of this city is fully alive to the importance of receiving the great daily at an early morning our. NEW YORK STOCKS JIT NEW-HIGH LEVEL Bond Prices Follow, With v Time Money Low. MANY ISSUES TAKE JUMP Wall Street Believed Registering Opinion That Business Prospects Are Bright. Chehalis Elks to Initiate. CHEHALIS, Wash., March 19. (Special.) Chehalis Elks probably will have more than 100 candidates at the initiation to be staged March 30, hen a home-coming will be held Thursday night 38 new candidates were elected and 4S additional mem bership applications received. Others ave since been turned in to See retary Horn. Ninety now are on file. With the class now coming up, Che halis lodge will number nearly 1300, BY MONITOR. (Copyright by the Public Ledg-er company. Published by Arrangement.) NEW TORK, March 19. (Special.) The week closed with stock prices at the highest point In more than a year, with bond prices at new higrh levsla generally, and with thflf lowest rates for time money which have been seen in several years. Whether the majority opinion in Wall street accepts these as proof of the exist ence ot a genuine bull market or not, they are facts which exercise a profound ef fect. 'The number of issues traded In has exceeded that of more than, a year. With thle broad background, which is the development of months rather than the sudden change of a day. Wall street I registering, whether accurately or not, its belief that future business and Industrial prospects are bright. It is the fashion at the moment to at tribute such advances as have occurred to the activities of speculative grronps and to decry the absence of public participa tion In the market. It l! true that specu lative groups have primarly been respon sible" for many of the advances in quota tions which have been recorded. This has been true of every bull market In the his tory of Wall street. These beginnings are experimental and the speculator is willing to take the chance in buying securities, when the public does not want them, de pending on the accuracy of his Judgment of future events to sell them, when the element of risk has dwindled and the public is willing to absorb his offerings. Such markets as have been in evidence in the last week could not xist without the sanction of the banking element. It has becoming evident ' to the most skeptical that powerful economical forces again are coming Into play. The artificial barriers of legislation are interfering with and de laying, the operation of these natura! laws, but cannot prevent their functioning. There are many Irregularities in the re lations of the cost of raw materials and of : the retail prices of the finished product- j There Is evident on the part of the con sumer a desire to buy necessities where prices are fair. It has become equally evident that he will cot buy unless the prices are fair. It has become equally evident that he will not buy unless the price represents fair value. The differ ence as to what is or is not fair value is In large measure responsible for the spotty condition of retail as reported by the com mercial agencies. That readjustment is proceeding and that business and Industry are quickening has been showing more clearly each we.ek y the gains in bank clearings and by the increased car loadings reported by the railroads. An increase In the price of steel products during the week is a straw indicative of the direction in which the wind in that trade is blowing. Care has been taken not to overestimate a moderate Increase in the demand for steel' products, but that demand has increased Is the heartening feature of recent trade reports. For the whole industry, production is esti mated at from 55 to 60 per cent, with slightly under the higher figure for the United States Steel corporation. Spring demand has not yet shown itself clearly, recent buying being partly a reflection of that demand and partly a precautionary measure against the threatened coal strike. Railroad Securities These offer the investor assurance of safety of principal and interest as well as generous yield. Grand Trunk Pacific Branch' Lines Company (Controlled by Grand Trunk Pacific R. R.) (1) Alberta Lines, 4 Bonds, due February 25, 1939. These Bonds are secured by a first mortgage on 201.5 miles of lines inf the Province of Alberta and oh equipment; principal and interest are uncondition ally guaranteed by the Government of the Province of Alberta. v , Price 82.15 to Yield 5.65 (2) Saskatchewan Lines, 4 Bonds, due January 22, 1939. These Bonds are secured by a first mort gage on 760 miles of lines in the Province of Saskatche wan, and on equipment; principal and interest uncon ditionally guaranteed by the Government of the Prov ince of Saskatchewan. Pnce 82.15 to Yield 5.65 Our representatives will gladly confer with you on these securities. Blyth, Witter. & Co. Fourth and Stark Streets Broadway 6481 1 Government intervention has not suc ceeded in bringing a definite assurance that the strike will nto occur. The supply of coal haw bpn stimatf d s nuf firlent for at1 least three months, and there is feeling in- Influential quarters that con tinued uhsettlement In the mine field should be ended by bringing to a definite conclusion the Issues of unionism and the open shop. The money market has shown remark able relaxation. The week closed with call funds at 3 per cent on the New York stock exchange and 24 per cent In the "outside money market and with time money at .4 Der cent for 30-day loans on all Indu ti lal collateral, , per cent on BO-day loans and 4 Vi Pr cent on three months loans. These rates for time accommoda tions have not been seen in several years. Commercial paper also was shaded, the average rate having been Ai to 5 per cent, with an occasional transaction re corded at Ay per cent. Whether tempor ary or not as a result of the inflow from out-of-town institutions and from govern mental sources Incidental to deposits fol lowing tax payments, the situation Is symptomatic of a convalescing economic position. The supply has far exceeded demand, but large problems loom in ths form of new financing, both at home and abroad. In viow of con-tern plated loans, bankers are not encouraging long-date ac commodations. The attitude of caution which ha marked developments in the banking and mercantile fields is characteristic of the times and In marked contrast to that which obtained only two years ago. Pars ing of the dividend on the common stork of the Crucible Steel company may well cause holders to wonder whether they ally benefited when they were given two pieces of paper instead of the one they possessed attesting their ownership of the property. The same tendency to ward conservatism m notea in ine cnange In the basis for payment or tne oreat Northern preferred Trom a quarterly a a semi-annually payment. The securities di rectly concerned sutrerea nrp msnes. dui neither case was tne general mrnr unsettled. In the Great Northern case the company will not pay anything before midsummer, by which time the Turlington will have psM 1t divMenl info th treasuries of the Great Northern an J Northern Pacific. By that time th cr..p situation can be mors accurately gaugd. One of the features of the week wm supplied by the copper Industry, ftepons that sales this month to dato have ba between ?5.00O,0flO and 80.0OO.0OO ouma as a distinct surprise to the eneral public The Copper fciport association etthtmt exports in the same period at to om.mio pounrtA. The price for Immediate delivery has held at 13 cents a pound and fr April-May shipments st 131-, to I.V crn s a pound. Shares of the copper compans have felt the impulse of the hitter situa tion and have reflected this improvement In their prices. Car loadings continue to reflert heavier traffic. In the week ended Mar. h 4. R0.T 2.') 5 cars were loaded with revenue freight, according to the figures of th Ainerin Railway association. This was an In crease over the previous wek of fl7.ff.n and over th corresponding week of iat year of PI. SSI cars. Merchandise mrtri rr lscellaneous shipments necessitated t lie use of 408,105 car, a gain of 4A31 cars. A fter reset Ing to new low levels h)or $4.1'S, sterling exchange scored a sharp recovery. It Is Iniponaibl to drtrmlne t whnt extent speculation plays a part In the wide movements of exchange rsfee. Thst It plays a very considerable psrt is generally known, but recnl figurea of world Imports and exports in themafve re sufficient reason for the vry auhatan- tlal advances whlrh have occurred in moat of the standard currencies. Grunts Pa Debaters Win. GRANTS PA S3, Or.. March 1. fSp e!al. The Grants rasa htjth grhool neRatlio team won a 2-tol decision ever th Ashland hisch school her to riifrht. The question was "Resolved, That the: principle of th open ihnn in American industries shouhl ha adopted." ASTORIA and WAY POINTS DAY PASSENGER SEIIVICE L.T. Portland Tues., Thar., Sat., 9 A. M. L.V. Astoria AVed., Krt., San., O A. M. rare 1.85 Each War, 3 Hound Trip. Bdwy. .t44. Foot Alder St. THIS HAKKIAS THAA S. CO. AUSTRALIA IN'EW ZEAI.A3VD A 1VD SOUTH SEAS Via Tahiti and Raratonnra. Mall and uaenirer nervlce from San Francisco every 28 daya. UXI03V S. S. CO. OP NEW ZEALAND 2X0 California St.. San Francisco. or local steamship and rnllroad agencies. Read The Oreg-onlan classified ada. THROUGH SERVICE TO CALIFORNIA SAN FRANCISCO I.OS ANGEI.ES SAN DIEGO Leave Municipal Dock No. 2 Every Saturday,- 4 P: M. SS. Senator March 25 SS. Admiral Evans. . ...April 1 .SS. Senator April 8 Local service to Marshfleld. Eureka and San Francisco. SS. Admiral Rodman, Marp.i 22 Every 14 days thereafter. Full Information at ; , TICKET OFFICE 101 THIRD ST., COR. STARK PHONE BEOADWAI 64&L EAST SIDE MILL and LUMBER CO. Lumber Box Shooks General Mill Work SELLWOOD 597 B-1563 Vi (Regular service between Portland, Maine; Philadelphia, Boston, sew xorx ana l.oa Angeles, san Jf ran Cisco, roruana, uregon; Beattle and Tacoma via the Panama canal.) North. Atlantlo and western s. o. Co.'s 8800-ton steel vessels. EASTBOOND From Portland. Or. WABASH ..Mar. 21 'BRCSH Apr. 17 nisroNSJir Apr. is WESTBOUND From From From Portland. Me. Boston. Phl'.a, DOCHRA leaves New York Mar. 28 COLD HARBOR Mar. 28 Apr. 1 Apr. 6 I BLUE TRIANGLE. . .Apr. IX Apr. 15 Aor. 20 r I-- ..frlnnllnn fter information Apply to ' THK ADMIRAL LINE, Pacltlo Coast Aarenta. j 101 Third Street. - Phone 11 roadway 5481. j 20 USE Eead The Oreeonlan classified ads. Thousands Have Found Relief Frcm Rheumatism Otn-fafl! the past fifty yean by taking Prescription A -2861. It is a well known and reliabl remedy Sold by all good druffsista or aent by qui) for 1. 00. EIHEB & AMEND, 205 Third Are New Yoxft NORTH CHINA LINE Columbia Pacific Shipping Co. TMreet Freight Service Without TrannHlpmsut PORTLAND xo ; Yokoham a. Kobe. Shanghai, Tsingtao, Tientsin ( Taku Bar ) , Chinw angtao, Dairen " S. S. WEST KADER March 27 S. S. LAS VEGAS. . April 17 Shanghai, Man ila, Hongkong S. S. WEST COTOTE March 17 S. S. WEST KEATE8 April 17 For further information regarding: space, rates, etc.. apply to TRAFFIC DEPT., 609-533 Board ot Trade Bids;., Portland, Oregon, or Astoria Shipping Co., Astoria, Oregon, or R. T. Johns & Co.. Central Bldg.. Seattle, Wash. The Philosophy of Brother Ostrich THERE'S something almost human about the ostrich. Rather than face the unusual, he buries his head in the sand thus ex posing himself, rather recklessly, to the whims of happenstance. Isn't that just like the chap who ducks under the sheets the minute the furniture creaks downstairs? Lots of folks shut.their eyes when they need them most. In the mattter of buying some thing, for instance the important business of spending hard-earned dollars. Who gets the most for his money ? The man who buys blindly or the fellow who reads advertising and discovers just 'vyhere he can buy what he wants at the best possible price? Who is the most economical housekeeper? The woman who buys haphazard, or the one who daily reads our advertising columns and puts her household purchasing on a business basis ? There's no denying the great value of advertising to thoe who read it. It protects you against fraud and inferiority. It tells you what is new and good, making you a wise buyer. It saves you money by pointing out for your consideration only the best products and the best places to buy them. Dont be an ostrich. READ THE ADVERTISEMENTS