TIIE SUNDAY OREGOXIAN. PORTLAND, JANUARY 13, 1918.
BIG BUSINESS HIT
WOMAN AND HER INTUITION
FEARED BY INSURANCE' MEN
New York Actuary, Discussing Subject, Declares That Women Seem to
Have Uncanny Knowledge of Their Chances of Longevity. -
10
VIEW OF BEAUTIFUL HOME OF OLIVER K. JEFFERY, WHICH WAS SOLD LAST WEEK.
BY INCREASED COS
Majority of Great Industries
Have Suffered as Result
of World Conflict.
GAINS PREDICTED IN 1918
fort land Banker Are Starting New
Year With World of Confidence
and Optimum In What
Future Mar Hold.
Ptjblte utllitlea f the. country havo
Mnt!:d a hard year. JToperties hav
uffered a-ratlr advanced costs in
direvtloiMi and they ir a class of activ
it that are essentially to the peace
r . . and hill Dul to Cain by tbe
Although thc
have proved their worth a adjuncts of
war. utliitu bar not benefited bjr lb
mmr un In a few Instance Ber
ik. serve Urra industrial district.
The view la supported generally
tkrourhoul the country tbat tbe It r eat
ei i. Ideally encountered, tbat of ab
normal coits of operation In the face
of no advance In the prtce rharce-1 for
the service or commodity, baa reached
its B.k and been surmounted.
L'lilitie. fDiralljr speakm. will not
be subject to tbe heavy hand of tbe
Government tarn fatherer on excess
profits. la the year 11. US public
utility corporation reported gross op
erating earnings of I l.IJJ.OOe.vOO
round figure. It Is believed these
same corporation wilt show average
jrrosa gain of 1 per rent for 1JIT. and
a new high record. But the net will
bow a faille; off of from to IS per
cent, but Id few Individual case ha
there been such a drop In net a to
endanger dividends. Less than a score
jf dividends of companies of goodly
:i have been disturbed, and the really
large companies that bay had to cut
dividend temporarily can counted
on the finger of the band. It la said.
It is thl fact that baa convinced pub
lic utility corporation tbat a better
period 1 at band.
see
TortUcd bank are starting the new
y.ar ;;ti a world of confidence and
optimism In what the future may bold.
it-ourees axe ample to meet all re
quirements. Elections held the past
week by both National and state banks
made but tew chance In the official
starts of the different Institution, and
reports made to stockholder were emi
nently satisfactory.
That the v x lesion of thrift are
atnkin; In seems to be evident from a
tudy of the statUtlc compiled by
'ort:and bank at the end of the old
yr. Deposits have crown over the
same period of last year, centrally
seakinc. by 5 per cent. Loan and
s:icunli are f per cent greater.
Local banks, however, showed loan
and discounts reduced by 9 per cent
December II. as against the figure of
November 10. last, the nearest former
reporting date, and cash and exchange
was considerably less. I'ayment on
account of 112.41:. tOO of the second
liberty loan bond during the Inter
vemn period account for thl decrease.
Kesource of all Portland bank, it
In number, on December 11. 1SI. were
set forth a having been S112,:40.:.
about ft.304.009 lesa than tbe figures
tor November I, last. However. In
comparison with resource listed on
December IT. tl. the latest total la
almost JT.O'IO.OO") greater.
Loans and discounts for the three
periods compare as follows: December
il. 117. ii..s.:iS: November 3. 1917.
Jo 5-7.. IT; December 27, 11. 154.
17J.S17. Cash on hand, exchange and due from
banks makea the following compara
tive showing: December II. 191?. 1SS.
M.2l: November 20. 1917. O.S17.17:
December 27. lilt. li4.77s.M7.
Now tbat tbe Government baa taken
over the railroads and bas assumed
control of food and other things, there
Is one further step that I being urged
In some quarter and that la to safe
guard values of securities. It la de
clared capital la due for protection,
since the arm of the Government Is
thrown about so many other essentials.
Capital, too. I a necessity of war. It
la stated, and II I pointed out that by
allowing stock and bond to depre
ciate and treating them with manifest
hosilllty. the Government I only Indi
rectly adding to Its own Interest rate
and Is putting billion of money on It
own bill, Some ort of encouragement
from Washington Is declared essential
tnt will sustain securities, largely In
the interest of the Nation, which now,
and for some time to come, is to be tbe
chief borrower.
Securities of the country are stand
Injr today at almost the lowest point
Jet reached after the most protracted
decline of values known In a genera
tion. In bringing about thl condition.
It is declared, the Government ha bad
plenty to do throu :h tax measures, that
are declared to be confiscatory. Gov
ernment financing- and prlce-f Ixlng.
The time la believed by some to be ripe
for the Government to come to tbe
rescue and throw out a life preserver
to the sinking securities.
Rumors of tbe possible repudiation
of Great Itrltain'a debts are roundly
denounced by A- tionur Law, Chancellor
of the Exchequer. He said:
! should like to say. and as strongty
as I ran. that In my opinion no British
government, present and future, will
seek to break faith with those wbo
have placed their financial resource
at the disposal of tba state In thl
crisis of Its history. Such a policy
would not only mean that the govern
ment of the I'nlted .kingdom was In
the hand of men who were blind to
all considerations of national honor,
but would, to my mind. Involve the
overthrow of any government that
adopted It.
"The repudiation of state liabilities
would In my Judgment be a disastrous
a It would be dishonorable. Nothing
after the war will be more Important
than to preserve and buttress the fab
ric of the national credit, and nothing
would so easily undermine It as the
refuval of the government to honor Its
debt. Il would. Indeed, be Impossible
for a government which ha destroyed
Its credit by repudiating Its liabilities
'ever to borrow again, should circum
stances arise In which It waa neces
sary to do so. In short, repudiation
spells national dishonor and national
disaster."
It la possible that the great war may
be determined by the weight of the
Kavtng of humble Americans. In other
words, by the returns from war sav
ings stamps and certificates. They
arc really war bonds, for. when bought
to the amount of $.13. they mean that
the owner has a Government bond,
drawing 4 per cent Interest, salable for
rash at the face value and redeemable
by the Government for f 5 In five year'
time.
Tbe Investment I an (deal one for
the small saving of children, working
people In receipt of moderate wage,
salaried person of moderate means,
who constitute the great unnumbered
million of the people of America and
wbuae combined mite are truly mighty.
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' 1 '' 1IBW 111 'I I. - .1
Frank Vanderllp ha advised people to
cut out all aorta of luxuries, be wise
and Invest savings In these little war
savings bonds while they are cheap and
thu be able to buy double or treble
amount of luxuries when luxurlea be
come cheap agrln.
RKALTOK COMM ITTKKS NAMED
President 1'aal C. Murpliy lakes
Appointments for Yrar.
Paul C. Murphy, new president of the
Portland Healty Board, named the
members of the executive and enter
tainment committee of the board for
the coming year at the luncheon meet
Ing of the board held Friday at the
Benson Hotel.
Un the executive committee Mr. Mur
phy placed the following members: F.
K. Taylor. Frank L. McGulre. Dean Vin
cent. Frederick II. Strong. J. O. KIrod
and George D. Fchalk.
On the entertainment committee, the
following members were appointed:
George I. Henry. L . Cronan. Herman
von ItorsteJ, Robert Strong and Charles
F. Berg.
New Srliool Hulldlnr, Itt-gnn.
CENTRALIA. Jan. 10. The contract
ors have atarted laying brick on Cen-
tralla's new 145.000 school building.
Teaterday a box vu placed In one of
the corners by George Barner. clerk of
the school board, containing the names
of the school directors, superintendent
of schools and the architects. The pour
Ing of concrete Is nearly done In the
foundation of the nevf annex to the
Hotel Wilson. The contract for the
sturcture calls for completion within
three months.
REALTORS TO GATHER
CHIEF REALTY MEX OK NORTH
WEST MEET .HERE FRIDAY.
Portland Realty Beard Give Big
Dlaaer and special "Arabian
Kalghta Entertainment."
More than ZO member of the execu
tive committee of the Interstste Realty
Association have already signified their
Intention of attending the biennial ses
sion of the committee, to be held In
Portland next Friday and Saturday.
January IS and 19. As they are all
men of standing and Influence In real
estate circle, this meeting will be one
of the most Important the association
has ever held.
Arrangements for an elaborate din
ner and "Arabian Knlghta Entertain
ment." to take place Friday night In
the quarters of the Chamber of Com
merce in the Oregon building, are now
being made by the Portland Realty
Board. Fred E. Tyler, ex-president of
the Board, la In charge of the arrange
ment. Several sub-committee are at
work, and the Board will make the
occasion It Important meeting of the
year.
The entertainment 1 to be a "hum
dinger." ISO tlcketa having already
been sold, and It la expected that at
least Jiu member of the Realty Board
will attend. The dinner will be held
at (.10 Friday night. The regular
meeting of the Board for next Friday
has been adjourned to that time.
Among those from outside of Port
land whose acceptances have already
been received are Fred K. Jones, presi
dent of the Interstate Association, o.
Spokane; F. W. Fltse, vice-president,
of Coeur d'Alene: E. 8. Goodwin, vice
president, of Seattle, and the following
directors: IC L. Manning". Tacoma;
Tatey Clark. Rltivllle; W. E. Pierce.
Boise; John E. Nlckerson, Lewlston;
E. T. Wade. Pendleton; O. IL Skothelm,
Eugene.
Also the following president of
local realty boards: B. L. Lambuth,
Seattle: H. C Boyle, Tacoma: I. G. Mc
cormick. Spokane; J. H. Batchelder,
Hood River; C E. Sellon. Eugene: W.
O. Messersmlth. Boise, and . K. Wel
sel. Kennewlck. It Is expected that the
president of all the board In the asso
ciation will te:.d.
NEW ASTORIA
- grr-i
f-V7t.'F TSi i Fw wm p-jv i I II" 11 I SJ J .J Ww aaW M MMaflllM 1 lia I I I Irrtr--! t il ErL
r AMIIO ABLE ALAMEDA PARK RESIDENCE BOUGHT BY
LIS
New Astoria Buidling One of
Best in State.
EQUIPMENT IS OF THE BEST
Structure Just Completed at Cost
of About 990,000 Declared to 1 5c
Equal of Any Primary School
Building in , tlie State.
ASTORIA. Or., Jan. 12. (Special.)
Astoria has Just completed and occu
pied one of tne finest and most mod-
ernly equipped elementary school build
ings to be found in Oreiron. It is
known as the Central School, occupies
the entire block bounded by Ninth and
Tenth streets and by Irving and Je
rome avenues, and cost in the neigh
borhood of 190.000.
' Tbe structure contain 20 classroom.
I presided over by Profesnor J. W.
Branstrator and a corps of 20 teachers
and accommodates more than 700 pu
pils, mho were transferred from the
Shively and McClure schools.
The building Is 174 by 106 feet and
two storir) high with the ground floor
above the street level on Irving avenue.
This ground floor contain the audi
torium, so arranged that It can be used
for meetings or entertainments, leav
ing the remainder of the building
closed. The auditorium has a seating
capacity of S00. It la equipped with
opera chairs, a small stage, stereoptl
con and moving-picture booth. In ad
dition, this ground floor contains the
ewlng, domestic science, manual train
ing and boys' and girls' lunch rooms.
as well as storage, fuel, boiler and fan
rooms.
The first floor contains nine class
rooms, the principal's office and li
brary. It open directly onto the play
ground, a portion of which is covered
nd paved.
The econd floor contain 11 class
rooms, a teachers' restroom and a small
kitchen for heating lunches. Emer
gency room are provided on eacn iioor
in order to care for lck pupils.
Each classroom ha a seating ca
pacity of 42 with blackboard on three
idea. The wardrobes are on one side
of the room and can be reached by
lifting sliding doors. They are so ar
ranged that all the exhaust air of ven
tilation passe through them, assuring
the drying of she clothing and pre
venting the odor therefrom from com
ing Into the classrooms.
Included in the equipment are a com
plete system of telephones, connecting
each classroom with the principal's of
fice, and special electric gongs by
whlch every occupant of the building
n be warned Instanly In case 01 a
fire.
The outside walls or the structure
re of concrete and tile with a coating
of cement tucco. The design of the
building both on the Inside and out-
Id. is in simple lines. maKlng possi
ble a complete and modern building at
x small unit coet per cubic foot and
per classroom.
RESIDENCE PROPERTY MOVES
Frank L. McGulre Makes Many
Sales Since First of Year.
Frank L. McGulre reports many re
cent sales of medium-priced properties.
The following sales were made since
the new : ear opened:
S. M. Hutchinson to G. E. Spoelstra.
five-room cottage at 85 Church street,
for 11275, purchased for a home: George
T. Moore to I. Wilcox, five-room bun
galow at Eighty-ninth street and Forty
ninth avenue, consideration $690, bought
SGHOO
MODERN
SCHOOL BUILDING IS THOROUGHLY MODERN.
r i ii i i ii I
m nmw mmm mmm mm m m$ m
DRAWING OF CENTRAL SCHOOL, JCST COMPLETED AT
J. A. BYERXY OR 930,000 THROUGH
for a home: H. T. Gel! to Leonard Had
ley, modern bungalow at 329 Flrty
fourth street, consideration $2750; E.
M. Dorney passed title to a five-room
cottage at 832 East Fourteenth street
for 7u0 to I'. A. Capparell: Miss I.
Smith transferred her holdings at 202
Jefferson street to Mrs. Dora Hoyt for
J175; T. B. Winship sold to I. Laman a
modern bungalow at 494 East Fifty
second street North for $3300, pur
chased for a home: W. W. Graves sold
to E. D. Tuke 150x100 at 745 Lexington
avenue, consideration $1000, purchased
for Investment; Winifred Tegan passed
title to John Ferguson bungalow at
330 East Twenty-ninth street North,
consideration $175: George Bonn deed
ed to Madge Hill five-room cottage at
Eighteenth and Holman, consideration
$12t0, bought for investment; Leonard
Hadley sold to H. T. Geil house at 851
East Twenty-ninth street South, pur
chased for speculation,, consideration
$7u0: Blanche Williams transferred to
IL Doney a lot In Laurelhurst for in
vestment. These sales were made by Q. C.
Goldenberg, manager of the house sales
department, who reports great activity
in moderate-priced dwellings.
PEAR BLIGHT IN BALANCE
Superintendent of Experiment Sta
tion Gathers Seeds In Orient.
OREGON AGRICULTURAL COLLEGE.
Corvallis, Jan. - 12. (Special.) Word
has been received from F. C. Rcimer,
from Hankow. China, that he is sailing
for San Francisco with a valuable col
lection of pear seeds, collected from
many parts of Western China, and be
lieved to be blight resistant. Mr. Rei
mer has spent many months searching
for the vigorous varieties of Dear.
which, it is hoped, may be combined
with the present commercial varieties
of pears in the Willamette Valley to
make a blight resistant product. With
he exception of blight danger, Oregon
pear growers have every advantage
and may put a first-class pear on the
market.
Mr. Reimer is superintendent of the
Southern Oregon experiment station.
STRONG EVIDENCE FROM STRONG MEN
Jay Gould said: "One hundred dollars invested at the right time,
in the right place, will earn as much as one man steadily employed."
Andrew Carnegie said: "Few large fortunes can now be made in
any part of the world except from one cause the rise in the value
of it..1 estate."
v Grover Cleveland said: "Your opportunity lies in purchasing
land that will increase in value. No investment on earth is so safe,
so sure, so certain to enrich its owner as undeveloped real estate."
Russell Sage advised as follows: "When you see an opportunity
to invest, do it quickly. The fellow who waits either loses the chance
altogether or pays a premium to the one who thinks and then acts
on his own judgment."
PORTLAND REALTY BOARD.
at Talent. He will be at the college
within a few weeks to give a complete
report of his research work in the
Orient.
New Camp to Open in Cowlitx.
KELSO. 'Wash.. Jan. 12. (Special.)
J. L. Sparling and Sheriff Studebaker
have purchased a small tract of timber
on Coal creek near the Inman-Poulsen
logging railway and will use their don
key and that of CarL Hayes, of this
place, in getting out the timber. Mr.
Hayes will be in charge of logging.
The donkey engines will be moved in
this week. Timber will be brought
out over the Inman-Poulsen railway.
The Modrow camp above Castle Hock
resumed operations this week after
shut-down during the freshet. Their
second donkey engine is at work, and
they are putting about 100.000 feet of
logs into the river daily. The logs
are being held in round booms until
the boom here la rebuilt.
An Englishman has invented a proc
ess for coloring wool khaki and orange
shade with dilute nitric acid.
COST OF 990,000.
FRED A. JACOBS COMPANY.
FINE HOME IS SOLO
Oliver
K. Jeffery Residence
Brings $30,000.
J. A. BYERLY PURCHASER
Deal for Alameda Park Property Is
Handled Through Fred A. Jacobs
Company, Which Sells' Several
Other Homes During Week.
One of the most important residence
sales made recently in Portland was
closed on Thursday of last week, when
J. A. Byerly, well-known lumberman
bought the beautiful home in Alameda
Park of Oliver K. Jeffery.
The price paid by Mr. Byerly for the
Jeffery home was about $30,000, of
which part was in cash and part in
trade. The property figuring in the
trade was Mr. Byerly's modern 10-room
residence on a 100 by 100-foot lot at East
Sixteenth and Thompson streets. Mr.
Jeffery will make this residence hi
home.
The Jeffery home in Alameda Park is
one of the handsome residence proper
ties of Portland. The house is situ
ated at 909 Bryce street, near Alameda
drive. It occupies the whole of an ir
regular shaped block comprising about
five lots. The house itself is built on
the Dutch Colonial style. It contains
12 rooms, finished in light enamel and
mahogany.
Private Swimming Pool.
The grounds are among the most
beautifully kept in Portland. One of
their features is a swimming pool in
the yard under a pergola. The grounds
are planted In trees, shrubs and
lowers.
In the rear of the house, and built
in harmony with Its architecture, is a
large garage, which contains living
quarters for a chauffeur and his fam
ily. This garage has a living-room,
with fireplace, a dining-room and a bed
room. The sale was made by the Fred A.
Jacobs Company, the deal being han
dled by S. S. Battin. . '
The sale of the Jeffery home was
only one of several Important trans
actions in residence property closed by
this firm in the past week, which was
the most active in this connection for
several months.
Cash Paid for Home.
The other deals Included the follow
ing: Sale of the home of T. Irvinir Potter.
i " x-asi. i weniy-mira street North
to Millard Owens, manager of the Dav.
ton Moneywelght Scales Company, for
eiu.ouv casn. inis residence is a three-
story house on the Dutch Colonial style,
occupying a 50 by lop-foot lot. Mr.
Owens will take possession this month.
aie or the home of Wilbur Hayden
at 825 Thompson street, for lnnn
cash to an out-of-town' purchaser whose
name is Kept out of the transaction for
tne present. This residence has 12
rooms and occupies a 100 by 100 plot.
Sale of the home of H. C. Holmes, at
76J East Twenty-seventh street North
to W. E. Scotten, of Kansas City, a
newcomer to Portland. The price was
$5000. The house is of eight rooms, on
a 60 by 100 lot. All these sales were
handled by S. S. Battin.
SEVERAL- LOT SALES ARE MADE
W. German Company Reports
Number of Recent Deals.
Among several recent sales made bv
the Fred W. German Co. was that of
a lot and 5-room bungalow at 6013
Whitman avenue in Firland to Mr. and
Mrs. George W. Bender, who will put
It in first-class condition. Another
sale was that of a 5-room bungalow at
4319 Fifty-eighth avenue, in poor con
dition, to T. C. McKay, who will im
prove it.
Other sales Included a lot and 3-
room cottage in Avery Addition, sold
ORTIMER H. REISS, of 16 Mont
gomery street, Brooklyn, N. Y.,
was arrested a few days ago and
landed in the Tombs Police Court as
the result of a woman's intuition. Relss
was charged with obtaining' $2875 un
der false pretenses from Edward Gerstle,
an insurance broker, of Englewood,
N. J. According to Gerstle, Relss bor
rowed the money from him ostensibly
to buy options on bonds of various
moving picture companies for William
A. Brady. Shortly after that Reiss
gave Gerstle a check on the Mutual
Bank, drawn to the order of Relss and
signed "William A. Brady."
The check was for $4500 and was
given only to secure the money Gerstle
had lent him. The strange part of it
all was that Gerstle knows Brady and
never suspected the validity of tha
check. That was when a woman's in
tuition played its part, for Mrs.
Gerstle had well defined suspicions.
She went to the bank with the check
and found that her husband had been
swindled.-
Of course, a woman's intuition has
figured largely in all the affairs of
this world since the days of Eve.
While the sixth and subtle sense of
Mrs. Gerstee did not fail her in this'
case, the fact that her husband was
an insurance broker was the occasion
for some interesting comments by
an actuary of one of the large life in
surance companies.
"This sixth sense of women," said
for Agnes Beach to Mr. and Mrs.
George C. Miller; a modern 5-room
bungalow at 111 East Eighty-fifth
street N.. to Mrs. Esther L. Smith; two
lots in Berkeley and a 3-room cottage
that had been vacant three years, to
Irine Holthusen; property at 624 Dur
ham avenue to James A. and Christina
Davis; an improved 5-acre tract near
Sewell Station, on the Oregon Elec
tric, to J. Peevehouse for B. Kinser for
$2500; a lot in Riverside, lot in Brock
ton Addition, lot and six-room dwell
ing in Kern Park; three lots and six
room houee in Irvington Park, and
a one-acre tract at Durham acres. Most
of these sales were made to recent ar
rivals, many of whom are engaged in
the shipbuilding industry.
BCJXDIXG PROJECT LAUNCHED
Corporation Capitalized at $60,000
to Erect Homes at Marshfield.
MARSHFIELD. Ore., Jan. 12 The in
creased demand for homes, apparent in
this city since last September, has
been only 10 per cent supplied. In
the emergency the Marshfield chamber
of commerce stepped into the breach and
organized a $60,000 corporation known
as the Emergency Home Building com
pany. The object of the campany is to con
struct homes, to suit the requirements
of those who desire to purchase on easy
payment plans. It expects to be ready
to start work within the next month
and has arranged in many instances
to protect the cost price of construc
tion, thus making the homes available
at reasonable prices, despite the ex
treme high cost of material. The Emer
gency company expects to construct
at least 60-homes within a few months.
STORAGE PLANT RUSHED
2000 MEX MAKING SPEED RECORD
AT CHICAGO.
Need of Government for Big Storage
Quarter Met by Speeding Up
by the Contractors.
CHICAGO, Jan. 12. (Special.) The
Government has broken ground for a
mammoth storaKe plant here. Two
thousand men are at work. They are
after a record in quick construction
on a cold weather job. In less than 48
hours one mile of railroad track had
been laid into the plant, three steam
shovels were breaking ground, and 12
carloads of material were waiting to
be used.
The 1ob is to be completed in 50 days
This plant consists of three buildings
one-story high, each over one-quarter
of a mile in length and 96 leet wine,
Dlaced side by side and separated by
spaces for railroad tracks or driveways
between each building, goatling plat
forms 10 feet wide extend the entire
length of both sides of each building
to handle supplies from five lines of
railroad track.
The first unit. 132o feet in length and
96 feet wide. Is now ready lor occu
pancy, only 30 days from starting of
work. Each succeeding unit will be
finished at 10-day Intervals, making a
total of 50 days for the entire time of
construction. Over 2.700,000 feet ot
lumber are to be used In the framing.
floors and roofs of these buildings.
The plank floors aloiit require over
500 cars of cinders as a foundation.
each car containing 55 cubic yards.
Each of these units has hollow tile
walls, heavy timber girders and posts
and Joisted timber roof construction,
with plank floors laid on cinder fill.
The footings under the posts consist of
a grillage of old railroad ties. i,ach
unit is divided into sections by tile
fire walls at 176-foot Intervals. The
buildings are lighted by overhead sky
lights, and are heated and sprinklered
throughout.
TIMBER HOLDINGS SOLD
40,000,000 FEET OF SPRUCE INCLUD
ED I.V DEAL.
Oregon Pacific Mill & Lnmber Company
Take Over Property of Old
Clatsop Mill Company
Holdings of the Clatsop Mill Com
pany, of Astoria, including a mill at
Astoria. 100,000,000 feet of timber in
Clatsop County, and other timber hold
ings, have been bought by the Oregon
Tacific Mill & Lumber Company, which
was incorporated only recently.
F. Dohrman is president of the Ore
gon Pacific Mill & Lumber Company,
and other officers are Charles W. Cor
baley, manager; J. W. McDonald, sec
retary, and Clem H. Rogers, treasurer,
all of San Francisco. .
The Clatsop Mill Company has been
in business since 1880. The mill has
been closed since a fire destroyed the
sash and door factory and dryers, six
months ago. Marshall Kinney, of As
toria; A. Brix, of Portland; J. M. Hub
bard and E. Chapman, of San Fran
cisco, are among the prominent stock
holders.
Part of the property taken bver by
the new corporation includes 40,000,000
fet of high-grade spruce. Five hun
dred men are to be put to work imme
diately at the plant in Astoria and in
the camps, working on Government or
ders for airplane, spruce. The present
mill capacity of 125,000 feet a day is
to be increased.
M'
he, "is a most mysterious thing. Fre
quently we find that a woman makes
a shrewder guess as to her chance of
longevity than can be obtained from an
entire staff of medical examiners.
While it is' true that women as a class
have a lower death rate than men, wo
men have not generally been consid
ered as desirable life insurance risks
as men. The reason for this, is that
woman's intuition seems to give her
uncanny power to being able to deter
mine with a surprising degree of accur
acy her actual physical condition. Ex
perience of companies has shown that
women insurants show a higher mortal
ity than men, while on the other hand
women who have purchased annuities
exhibit a better mortality experience
than do men.
"For a great number of years the in
surance companies looked somewhat
askance at female risks, but at the
present time, and since women biv
entered business life, the great majority
of American life insurance companies
Insure women upon the same terms as
men. By eliminating self-selection in
women insurants, and actively solicit
ing the placing of policies with them,
the companies have been able to reduce
their mortality records to a degree
practically normal. But at tne same
time, a self-selected risk is probably
one of the greatest existing examples
of woman's intuition. On the average,
and all things considered, she knows
more about her chances of longevity
than is revealed by any medical exam
ination and test to which she can be
subjected.
LUMBER FALLS OFF
Flood Conditions and Repairs
Chiefly Responsible.
TRADE REVIEW FOR WEEK
Rail Shipments for 7-Day Period
Only 984 Cars Compared to Nor
mal Movement of 2000 Cars,
Due to Railroad Tie-l'p.
Flood conditions, holidays and an
nual mill repairs reduced lumber pro
duction to 46.33 per cent below nor
mal, according to the weekly trade
barometer of the West Coast Lumber
men's Association.
Notwithstanding these handicapping
conditions, the mills succeeded in mak
ing deliveries in excellent volume
against Government orders for ship
building material. The reports in the
hands of the association indicate a
slight decrease in the production of
aircraft lumber a condition not like
ly to prevail again unless severe
weather trouble develops, owing to the
efforts of Government, loggers and
mills in stimulating the output of
spruce logs. Aircraft production is
now recognized to be a problem of logs
and not milling.
Production Slightly Less. '
The total production at association
mills for the week under review was
49,067,570 feet as compared with 49,
449,807 feet for the corresponding
week of the previous year, and 35,706,
835 feet for the preceding week.
New business accepted totaled 58,
788,111 feet, of which 39,810,000 feet
was for transcontinental and Pacific
Northwest delivery by rail. This was
approximately 500 carloads short of the
corresponding week one year ago.
All shipments for the week totaled
49,946,690 feet. Owing to flood condi
tions which tied up the principal trans
continental lines, rail shipments
amounted to only 984 carloads, as com
pared with a normal movement of up
ward of 2000 carloads.
Strictly local business amounted to
11,542,500 feet, principally shipbuilding
requirements. Deliveries against these
orders totaled 5,126,170 feet, which, of
course, did not include deliveries
against the contracts now held at West
Coast mills for furnishing schedules
and parts of schedules of Gulf Coast
and Atlantic Coast wood ship construc
tion. New Order Large.
In coastwise cargo trade new orders
totaled 3.766,234 feet, as against de
liveries of 7,319,735 feet, reducing the
balance of unshipped orders in the do
mestic cargo trade to 80,050,133 feet.
In the overseas trade new orders
totaled 3,679,377 feet and shipments of
4,980,685 feet reduced the unshipped
export trade balance to 52,809,397 fee.t.
The unshipped balance in the hands
of association mills for the week under
review amounted to 514,249.530 feet
as againtt 444,576,683 feet for the cor
responding week one year ago.
Read The Oregonlan classified ads.
Directory of Prominent
Life Insurance Agencies
Members of Life Underwriter
Association of Oregon
Wm. Goldman, General Manager.
NATIONAL, L.IFE OF VEliAluNT.
Oregonlan Bids'.
H G. Colton, Manager.
MASSACHUSETTS MUTUAL, LIFBL
Chamber of Commerce Bldg.
Harmon & Cummings. General Agents.
PE.VN MUTUAL. LIFE.
Northwestern Bank Bldg.
Horace Mecklem, Manager,
NEW ENliLAND MUTUAL, LIFE.
Northwestern Bank Bldg.
Peltls-Grossniayer Co., General Agents,
TKAVBLEKS INSURANCE COMfA.Ny,
3U3-310 Wllcor. Bldg.
MORTGAGE LOANS
Very flexible contract,
iipm wowi.n i.ikK insiihavpr an
V 02 Slevens Kl.1g.
Albee & Amesbury. Uentral Agent.
NOHIHWESTKKN MUTUAL, LIFE INS. CO.
Northwestern mnit isiag.
John Pauer, Superintendent,
THE PKUDENT1AL, INSURANCE! CO.
001 Northwestern Bank Bldg.
T. H. McAllis, State Mgr.,
UNION MUTUAL, LIFE INS. CO,
Board of Trade Bldg.
EdKar W. Smith, Manager.
EQUITABLE LIFE ASSURANCE SOCIETY.
duo utesuuiftu biui.
ASSOCIATE MEMBERS
Representative Realty Operators of
the States of Oregon, Wanhingtos.
Who Are Non-Kesuient Member of
Portland Realty lioard
These-' men can be depended upon to
sell or exchange your property, or
represent you In any way.
OREGON.
Astoria Astoria Harbor Imp. Co.
Bend J. A. Bastes.
Marshfield Title Guarantee Abstract Co.
Stanfield James M. Kyle.
WASHINGTON.
Hoqtrism Grays Harbor Land Co.
Kldgef ield II. B. AuperaoB.
lacolt Lew F. Williams,