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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Jan. 20, 1918)
10 TIIE SUNDAY OREGOXIAX, PORTLAND, JANUARY 20, 1915. DUijIPIHG OF BONDS INTO M Quality. Rather Than Quantity, of Applications Will Rule . ' in Future Campaigns. REAL SERVICE IS SOUGHT ttonrie Bought In Previous Drive yni tjtter Sold by Tlielr Pur-rha-rri I Said lo Hare Ir moralijrd Quotations. With another liberty loan looming en the horixon. Uoffrnmftit financing to hold the center of the tiK-. and tt I being heralded about that the AmrrU-tn people should take more thought of euccedlng purchase of liberty bonds tnan ha been evmer i. the nil. Not as reitardJ quantlt r .i..,-nr.tlon.. peorlly. but a to lb qu-tlity of irrlKitlom for bond. Th substance of advice now being irlen t that rop! who buy bond houId do o with the Intention of hold ing them and rt dumping them on the market n atter their purchase. The ....-, r.e .uh.rrlbinc liberally for bond In the hat of a subscription campaign and later letting them go to the roofet'iect demoralization or quotation. i declared to be a bad practice. Road, lafo Market. Fond durine December continued to com into the m-trket In sufficient quantity to dimornllia quotations to a considerable extent. The liberty 4s rmni-d down t- 97 and the J 4a aold lightly under Thla doea not give tha beet possible outlook for the tet loan. The public generally was nrred to subscribe during tha last two drives with the underetindlne that If they wanted their money they could sell tha rarities, and In dome so at a slight lo. tie subscriber attll thinks be has don his bit. Jiut the fact Is be has dona mora. than m.ike a small personal sacrifice. lie has disturbed the market for Oo arnment bonds and at the same time af fected adversely tha market for future Issues. Such sales are having an errec ma to tha rata of future Issues, and I la hnned earnestly that tha rate will aot have to be raised above 4 per cen not on!y because of tha greatly In creased, cost to tha Government, bu because It will have an unfavorabl affect upon the capital value of all outstanding securities and Investments. A relatively small segregate of sa.es may affect the Government very ad Tersely. (;.itrar.l la Esaaarraaaed. It will be a mistake during: tha forth coming campaign to encourage sub acrlptions without any bona fida Inten tion to take the bonds and to pay for them. Liberty loan drlvea are neces sarily strenuous, and local pride ac counts for many large quotas, made BP In the heat of the campaign. But the purpose Is to secure means with which the Government may carry on the war. and nothing la accomplished by subscription lists that mean any thing less tban this. Merchants who attract trad to them' elves by advertising to take liberty bonds at par in exchange for goods are also said to be doing their part In rocking the boat, for they are then willing to dispose of the Donas at discount. The Government, however, does not want Its bonds sold below the Issue price. It Is embarrassed and Injured by every such sale. Real Service la Sought, There are other bare, bard facts of the war situation that are being talked more and more by financial author! ties. Itea! service to the Nation In financing the war Is given by sub scribing for liberty bonds with the Intention of economizing to the point of sacrifice to pay for them and thus help the Government through. Tha bonds should be paid for out of current savtnirs. It must be said again and again that the reduction of Individual purchases. of individual demands upon labor and materials. Is Just as Important as to put money In the treasury. "Business as usual. If actually adopted and lived up to. would defeat the United States In this war. The one thing tha coun try cannot do Is to go about Its dally business as usual and have tha Govern ment fight the war on Ita own account. Kxpearflt area Are Great. Total Government expenditure for this year foot up 1. 000.000)00. And In comparison with thla figure. It may be said that the total value or the out put of all manufacturing establish ments of this country, as fixed by tha census for I'll, waa but 1:4.000.009, 00. Now. how la tha Government to get Its work done If private demands use up the capacity of tha country's Industrial machinery and require the services of all the labor thera IsT The use of purchasing power la lim ited by the supply of things to be pur chased. Nothing can be gained In f.ghtlng the war successfully except aa labor, materials and shop capacity are released from private use and turned over to Government purposea We cannot put the Government In pos session of productive power without curtailing our own use of tt. In short, we cannot help without making sacri fices. Exhortations to economy will be heard more and more the longer the war lasts. about "S per rent of tha capacity of the works, and haa Interfered directly with the work of preparing the coun try for war. Kvery day lost In organis ing the industrial force behind the Army means delay and added peril to the allied cause. see Switzerland, although a neutral. Is feeling the pinch of war. The govern ment proposea to Issue this month a new loan for 150.000.000 franca at S per rent. It Is said that the cost of Swiss mobilization to date amounts to l.OOO.OOO.ooo franca. .Hoarding Is assigned aa one of the chief reasons for a small coin shortage In France. In many French cities the shortage of one and two-sou copper pieces haa become acute, and it la re garded aa likely that nrkel coins or the value of one. two and five sous will soon be put Into circulation by the mint. In many French towns the local chamber of commerce have been au thorized to Issue paper money In de nominations of two francs, one franc, SO centimes snd even of -i and 10 cen times. see "Liberty loans, war savings certifi cates and every meana adopted by the Government to finance the war must be supported un'tedly If the country Is to endure, says Secretary McAdoo of the Treasury, lie Is quoted as having said before the I'hlladelphla Union League Club: "Any man who sells a liberty bond below par stabs at the very life blood of the Nation. To win this fight wt must be willing to let Uncle Sam have our money. He Is willing to ray and will do in, but we must be ready to HOUSES FOR RENT GREAT' DEMAND Call for Residences Heavier Now Than for Many Years, Says Harry Wagoner. x BUNGALOWS MOST SOUGHT Increase) in Rates by Owners of Rental Properties Adding to Demand for Cheap Houses on Easy Payments. The big demand for rental houses In Portland, which was so marked in the closing months of 1)17, has been even more pronounced since the opening of the new year. Harry E. Wagoner, president of the comers will have to buy homes Instead of renting. Recent sales by the company include the following: Ten-acre fasgn at Brush Prairie, Wash., to I F. Taylor: 10-acro farm at LaCenteV. Wash., to C. S. Swerd; 43 acre farm at Newberg to Mike Nolan, of Newberg; 2V4 acres at Multnomah Station to I. K, Butler, whla will build a fine suburban home at once; 6-room house in Vernon Addition to Charles Ballard; 4 -room house at Multnomah Station to F. Barmettler; 3-room house In First Electric Addition to A.. W. Sahli; also lots in Institute Place to W. Z. Hight and Alfred Olson. B.VXK STRUCTURE WILL RISE Modern Brick Building to Be Erect ed at Klamath Kails. KLAMATH FALLS, Or.. Jan. 19. (Special.) A new modern brick build ing for the newly organized Klamath County Bank will be erected at tha corner of Sixth and Main streets imme diately, according to a decision reached at a meeting of 'the directors of the in stitution held here Friday. The site of the bank, which Is one of the very best business locations in the city, was bought by the directors a short time ago. It had been the In tention to use the present frame struc ture for a year or more, but the plans now have been changed and the new building is to be ready for occupancy by March 1. Houghtaling &. Dougan. of Portland, are the architects. The bank will oc DECLINE IS SHOWN Less Building Activity in 1917 Than Year Before. WAR HELD BIG CAUSE Portland Among 101 Cities Suffer ing Pronounced Loss In Build ing Operations, as Shown by the American Contractor. The record of buildings erected in the United States for 1917 is one of defeat, not inglorious defeat, but an incident to the swift readjustment of our National resources, consequent upon the war. There has been a rush from building operations, just as there is a rush from shop and store in any community when some appalling event occurs. In 101 principal cities of the United States for 1917 the building permits Portland, Or.... Pueblo. Colo.... Richmond, Va. . . Rochester. N. Y. . Suit Lake City. Sun Antonio. . . . San Diego, Cal... San Francisco... San Jose. Cal. . . Savannah. Ga... Schenectady. . . . Scranton, Pa.... Sioux City. Ia... South Bend.... Spokane Springfield. 111.. Springfield. . . . St. Joseph. Mo... St. Louis. Mo. -. St. Paul. Minn. . Stockton, Cal. ... Superior, Wis. .. Syracuse, N. Y.. Tampa. Fla Terre Haute. . .. Toledo, O Trenton, N. J. . . Utica. N. Y Wichita, Kan... Wllkes-Barre. .. Wilmington. . . . Worcester Youngetown, O. Total . 3.643.410 1.03:1.478 4.11S.BSS 6.7:l!,020 3. Ml. .."..- 2,1S.-.N: 15,6;!.-i.:u! 4S9.577 4ii.r.l5 1-SOSUKS 1 2."t,.: 3 223.341 - G2S.1ISO 2 14H.740 fe42.ooo 8.TS2.318 4. SS3. . li,53S,Xi2 7,256,706 i.3rs,S4:t S,lK3,(l."i,t 4.2.-.1.701 S00.004 S79.4O0 7,-'84.4.- L8U1.54W 1,333,.1i;n 3.771. 41! 704.676 ' 2.SSH.714 4.S3S.840 4,042,395 6.3O1.S60 42 3!U, 570 "164 4.D27.3S6 1 B.:;7i).447 -8 2.S).74!t ,r 2.2Si..:3 4 l.s6!),n4 M 18,837.1 73 3 7 S6S.741 43 1.1'4.".!I'J3 47 1.7S0.S23 l.r.40,872 17 3.000.305 4 1.208.166 siM . 1,586.787 :!." 2.125.467 .16 7,101,033 47 410.001 984 15.444,103 1 11,128.632 35 1,138.174 in 1,400,!21 ."4 2,617.000 2 1.206.14S 3S 816.270 29 9.692.268 2r 2.2J6.156 20 1.827.37.-. 26 1.993.260 89 1.213.603 42 2.7SS.027 7 6.164.871 22 3.400.079 34 11 BIG YEAR IS AHEAD .J631,740,': S.8S9.S84.679 29 Klamath County Has Brightest Outlook in Its History. NEW RAILROAD TO BE HELP Tule Marsh Projects, Long Under Litigation, to Bo Reclaimed at Last and 40,000 Acres of Pasturage Opened. Per cent, gain. cupy the ground floor and the second.' received by the American contractor. KLAMATH FALLS OVERCROWDED New Houses Being Constructed to Meet Demand. KLAMATH FALLS. Or., Jan. ID. (SDecial.) Owing: to the great demand for new houses in the city and to the fact that it has been next to impossible for many newcomers to the city to get satisfactorily located, a contract has been let by the real estate firm here of A. A. Bellman & Son for the Immediate ARCHITECTS DRAWING OF HAWTHORNE-BUCKS! AN ELEMENTARY SCHOOL, FOR WHICH SCHOOL BO AF ft WILL ADVERTISE FOR BIDS THIS WEEK. All labor and supplies that are re quired -for prosecuting; tha war must be saved from private use and con ception. This Is the vital saving and. one way or another. It must be accom plished. It Is Mid this must be brought either by voluntary savings, with the people turning over their purchasing power to the Government to be turned Into war channels, or by Inflation, which diminishes the purchasing power of tha people in their own hands, until they are Mired to curtail purchasea It Is said to be impossible to carry on this war or any war without infla tion, and it Is accepted as true that some degree of It la inevitable. The reason Is that war calls for Immediate and gigantic preparations, and the re adjustment of Industry and of habits of the people cannot bo made at once. Hut the more promptly a people can be made to see that they must get out of the way of the Government and relin quish labor and shop capacity to Gov ernment work, the more quickly the Ooverament will get Ita full strength Into the war. see The war grip upon the industries of the country is getting tighter, as Is evidenced by the Government taking control of the railways. De(ay In get ting uniforms for the Army Is due largely to the demands of the public for Its own use. Congestion of the railroads Is due. more than anything else, to widespread business activity. This placed an undue burden upon the railways, and although the Government sought to give essential materials prior rights It was Impracticable, and the only way out was Government con trol. Business aa usual has cut down lh production of Iroa nud steel to i ' rail j I i i i MODER.V SCHOOL Bi ll, DIG TO COST 9300.000. F. A. Naramore, architect and superintendent of properties of the Portland public schools, has prepared a drawing and complete plans for the new Hawthorne-Buckman Elementary school for which the Portland school board will call for bids this week. The estimated cost of the building Is 200.000. It will be built on the double block bounded by East Sixteenth, Klghteenth. Oak and Pine streets, and will cover a ground area 197 by 240 feet. This school Is to be thoroughly modern In all respects. It will have a capacity for 1050 pupils. Including 1 classrooms for 40 pupils each, four classrooms or 60 pupils each, and kindergarten capacity for SO pupils. There also will be a cooking room, sewing room, manual training room, boys' and girls recreation rooms, princl pal's office, teachers' reset room and kl tchenette, assembly hall and stage, wit h seating capacity of 672, a swimming pool 25 by 60 feet with separate showers and dressing rooms for boys and girls. The swimming pool will be accessible bothrom the street and from the building. On the east side o f the building will be a playground loo by 200 feet. . The school will have a brick exterior with terra cotta trimming. The interior will be frame, with reinforced concrete stair wells and floor over the swimming pool. The building will be heated with radiators in the various rooms, and ventilated by fans. - A.tt offer tt without thought of recompense If necessary." Prairie City Changes Made. CANTON C1TT. Or.. Jan. 19. (Spe cial.) A number of business deals and changes of location have been trans acted at Prairie City, the railroad ter minus of Grant County, with the be-1 Waxoner ginning or isis. i ne lower noor oi m stone Masonic building, which has been used for an opera-house. Is being re modeled for occupancy by the garage of W. R. Clark fc Co. The old-estab llshed firms of La France A Co.. deal ers in ceneral merchandise, and the Grant County Mercantile Company, hardware and Implement dealers, have been consolidated. It Is planned to erect a new building to house tha new firm, which Is to be known as the Grant County Mercantile Company. REALTY MARKET BETTER SALES BT FRED A. JACOBS CO. INDI CATE RISING TREND. Transfers of Jeffery Home and Other Prepertlea Fellontea by Small Home Deals. The Fred A. Jacobs Company, which started the new year with the sale of he beautiful Oliver K. Jeffery home In Alameda Park for 130.009, and with other residence sales totaling 127.500 more In the first two weeks after Jan uary 1. haa found the activity In resi dence property holding right up. Four more residence sales were made by this firm In the past few days. They nvolved much less money than the other sales noted, but their Importance les In the fact that they Indicate that the market la better than baa been the case In a long time. These sales were as follows: Five-room bungalow In Groveland Park, sold for M. E. Hunter to E. T. Tuerck for t:50; seven-room bungalow t 4!1 East Fortieth street North, sold for Bessie Clark for $3500; five-room buns-alow In Errol Helghta. sold for Metropolitan Investment Improve ment Company, to Fred Blake, and five room bunxalow on Fremont street, be- ween East Fifty-seventh and Fifty- Igbth. sold for E. X. .Moore to E. George Williams. The first two of these sales were made through A. G. Teepe, the other i wo through J. A. Hiller. Smith-Wagoner Company, rental spe cialists, said last week that In the many years this company has been In business in Portland it has never ex perienced so great a scarcity of even fair rental houses. Last Monday its rental department had more than 50 calls for houses. "Practically all owners," said Mr. are under the impression they are entitled to an increase in the present rentals. We have received a great many orders to Increase rents from $2.50 to $5 per month on the me dium price house. "Of course the big call is for houses from $20 to $25 per month of the bun galow type. A five-room modern bun galow brings more rent In most cases than an eight-room house. The call for furnished houses Is tremendous. "There Is some complaint about the rental Increases, but those persons who stop to think agree that the owners are entitled to the present Increase and that several increases will have to take place before the returns on the prop erties are such as to show-even a very low rate of Interest returns. "The Increase In rentals is making quite a little call for cheap houses on easy payments and at bargain prices. This, too, will relieve the rental condi tions some, as all those who purchase their own homes will be permanently settled and not changing location. We are advising the purchase of homes rather than the renting of them, but the great majority forget and say that It Is much cheaper to rent than It is to own a house. And. of course, as long as this condition exists there is room for rental Increase. "In the apartment-houses the demand Is even more pronounced, some apart ments having as high as 25 and 30 ad vanced applications for future vacan cies. This makes the condition serious, as with tha coming of Spring It will be almost Impossible for very much of an exodus to the suburbs, because there are practically no vacancies now in the suburbs. All reports wo are receiving from different cities show the same condi tion existing as to houses." CLOSE-IX TRACTS SELL WELL Multnomah Development Company Finds Shortage In Houses. The Multnomah Development Com pany reports a marked Increase in the sales of" close-in small tracts. K. II. Atchison, manager, says that the de mand for furnished houses Is greater than the supply, and prophesies that every vacant house in the city will be filled In a few months, and that new- story will be devoted to offices. The lot is 27 by 100 feet in size. The final plans for the building have not yet been decided by the directors, but It Is announced that the building will be modern In every respect and in keeping with the general progress of the city. The estimated cost is $15,000. Officers of the bank follow: O. D. Burke, president: J. A. Gordon, vice- Chicago, show a total of $631,746,722, compared with $889,884,679 for 1916, a decrease of 29 per cent. The total num ber of permits issued in these 101 cities was 198,968, as against 258,484 for 1916, aMecrease of 23 per cent. The average cost of the buildings erected in 1917 was less than those erected in 1916, not because of reduced costs, but because of a greater per- presldent; Miss Ida Momyer, cashier, centage of small residences built, the Tha directors are O. D. Burke, J. A. need for. workmen's homes having be- Gordon, C E. Riley, C. B. Crlsler, come acute. A few cities, 29 in fact, Frank Moorlan, Charles F. Stoae and show a gain for the year. These do E. S. TerwilllKer. CITY GETS NEW PLAN PORTLAND BOX AND EXCELSIOR FACTORY LOCATES HERE. Lease Closed Through W. W. Hetsger for Bnlldlag and Lot os East Broadway. Another new Industry Is to locate In Portland. It Is the Portland Box & Excelsior Factory, which closed a lease last week for the building owned by the Oregon Home Builders at 1023 East Broadway, between East Thirty-third and Thirty-fourth streets. The lease is for a nve-year period. and includes besides . the building, which is a frame structure covering a 40 by 100 space, the 40 by 100 lot ad joining. On this lot the company plans the Immediate erection of another frame building. W. W. Metzger, of the Stanley S. Thompson Company, handled the ar rangements for the lease. The Portland Box & Excelsior Fac tory, as its name implies, will manu facture excelsior and wood boxes. Its complete output is said to be spoken for already. It will employ about 20 skilled laborers at the outset. Ma chlnery for the plant has been ordered and is on the way to Portland. . Centra Ila Land Sold. 4 CEXTRALIA. Wash.. Jan. 19. (Spe clal.) The sale of 162 acres near KLa- ber to H. P. Nobach was announced yesterday by Charles D. Edwards, i Centralia realty dealer. The consider ation was $6000. Another deal nego tiated was the purchase of 10 acres at Bucoda by S. P. Ely, for $1300. Phone your want ads to The Ore go nlan. Main 7070. A 6095. NEW APARTMENT-HOUSE TO COST $30,000. F"-- v . - an BTILDING AT EAST THIRTIETH AND ALDER STREETS TO BE! COMPLETED ABOIT MARCH 1. H. B. Volhelra, of Portland. Is the owner of a new apartment-house, to be called the Volhelm Apartments, being built at East Thirtieth and Alder streets. The building will cost about JiO.OuO, and Is to be completed about March. It will be a three-story and basement structure, of red tapestry brick and cream stucco. It will have 23 two and three-room apartments. Each apartment Is to have a separate private entrance hall, bath, disappearing beds. generous linen closets. Dutch kitchen with breakfast alcove off each one, disappearing ironing boards iMX folding table, The aparUuenU ax wired for else trio ranges, and have hardwood floors tbrougaout, not include any of the first class, and the gains are due mainly to special causes. December building permits in 109 principal cities for December total construction of six new four and five room cottages on White avenue. The new houses are all situated on paved streets and are convenient to both the downtown district and the mill center on the lower end of Upper Klamath Lake. Tenants are now avail able and anxiously awaiting the word to move into the new houses. MANY LEASES ARE NEGOTIATED Stanley S. Thompson Company Re ports Considerable Activity. A large number of leases have been negotiated by the Stanley S. Thompson Company since the first of the year. RENTAL PERIOD OVER, HOME-BUYING PERIOD HERE. The rental period is past. Practically all desirable rental houses are occupied. The better apartment-houses all have long waiting lists. The home-baying period is here. People are taking advantage of the present low prices and are buying homes. Many renters, dissatisfied with rental limitations, are buying homes. The building period is just beginning to get under way. Far-sighted builders are beginning to put up houses. The upward trend of the realty market is tlje logical outcome of general conditions. Portland now has something which she has always needed; namely, industries with their attendant payrolls to sustain her. Property values are still very low, but they will not remain so. B-U-Y N-O-W. KLAMATH FALLS, Or., Jan. 19. (Special.) There has never been a pe riod in the history of Klamath County when the outlook for the future was as bright as at the beginning of this year. Following a most prosperous agricul tural, lumbering and business season in which the irrigated lands of Klam ath Basin yielded tremendous crops which sold at attractive prices, when lumbermen found a wide market for all the timber and its products which could be handled, and when the busi ness men, with the new Strahorn rail road fairly launched, reported the greatest amount of business they .had ever done, the county is about to enter a season of even greater development, judging from present Indications. The agricultural additions to Klam ath County's fertile area will prove startling when the otal is taken into consideration. There will undoubtedly be another land drawing of the Tule Lake lands in the early Spring, In which 5000 acres more of this territory will be opened to settlement. The success made by those fortunate enough last year to draw claims ana tneir un qualified pralce of that district leaves no doubt that every claim will be taken as fast as it is made available to the public. To Reclaim Tule Marsh. There is also the immense tract of the Lower Klamath Lake tule marsh lands which is at last about to be sub jected to reclamation, following the many years of weary waiting and liti gation. It is now believed that 40,000 acres there will be ready for pasturage this coming Summer. This will later be put under irrigation, probably by the United States Reclamation Service here. A tract of several thousand acres be yond what is known as Adams' Point is to come under a pumping plant In the Malin section about 30 miles south of this city, this year. This tract was pur chased not long ago by William Dal- ton rrom the old. raKesiae iana com pany. It can be economically irrigated by pumping from the Government ca nal, and arrangements are already un der way for this work. There are sev eral other pumping projects in that vi cinity, where the water is expected to be pumped this year. Farmers in Eastern Klamath County near Bonanza have one of their new projects almost completed, and others will be ready for the water Derore the time arrives to use it. Other Projects Active. The places Just mentioned are those where the reclamation Is assured, and do not include the White Lake project. the Upper Lanpell Valley rroject and several others that are probable. Along Upper Klamath Lake north of here several new areas r.re to be added this year. The Modoc Point irrigation project on the Klamath Indian reser vation Is also to be enlarged. In addition to these, should the big appropriation now recommended tI Congress for the Klamath project ner go through, the development in an ag. ricultural way will be hard to realize. There will also be a substantial in. crease In the lumbering industry, which has been advancing so rapidly here fot the past two years. Every logger that can Dossibly be secured is being put to work in the woods by the various mills operating here, and next season s run will probably surpass any in their his tory. $29,196,350, compared with $68,043,869 for December, 1916, a decrease of 57 per cent. Following are the comparative sta tistics on the building permits in 101 cities, including Portland, for 1917 and 1916: Building Permits for 1917. 1917 Est. Cost. Allentown. Pa...$ Altoona, Pa... . . Atlanta, Ga. . . ., Atlantic City.... Auburn, N. Y.. .. Baltimore, Md., Berkeley. Cal... Blnghamton. . .. Birmingham . . .. Boston. Mass.... Brockton, Mass.. Buffalo. N. Y.. Canton. O Cedar Rapids. .. Charlotte. N. C... Chattanooga. . .. Chicago. Ill Cincinnati, O. . .. Cleveland, O. . .. Colorado Sprgs.. Columbus, O.... Dallas. Tex Dayton. O Denver, Colo. . .. Detroit, Mich... Dubuque.la Duluth, Minn. .. E. Orange.N. J.. E. St. Louis. 111. Elizabeth. N. J.. , Erie. Pa. Evansvllle, Ind. Ft. Wayno. 2nd. Ft. Worth. Tex.. Urand Rapids. .. Haverhill, Mass. Hartford. Conn.. oboken, rt. J... olyoke, Mass. . Huntington ndlanapolls. ... Jacksonville Kansas Clty.Kn. Kansas City, Mo. Lawrence, Mass. Long Beach. Cal. Lincoln, Neb. . .. Louisville, Ky... Manchester. .... Memphis. Tenn.. M ilwaukee. ... . Minneapolis Montgomery Newark. N. J.. .. New Bedford... New Britain... New Haven. Con. New York City Borough of Man. 42,733,109 BorouKh of Bnz. 10.126.360 Borough of Bkn. 33.59U.071 Total S6.404.0UU Niagara Falls.. 1.800.114 Oakland, cal.... 4.44s,dju Oklahoma City.. Omaha Pasadena, Cal... Passaic N. J... Paterson. N. J... Peoria. 111... Philadelphia S-'O.OdO 4.067,675 J6U4.817 i34.115 7,iS!,S:lU 1.243.850 1.637.742 1.878.736 60,658,000 805,009 10.501,000 2.647,280 1,752.000 724.413 2.196,14'J 64.244.1S0 10.451.315 30,483,750 263.566 3.91 5.030 3,373.259 2.86S.141 4,292,000 39.676. 6'JO 603.170 4.134.296 1.5.15.115 1.199.161 1.453.641 3.889.195 1.035.031 3.437.818 1.789,612 1.811.51)0 4U6.777 7,671.618 337,219 742.610 1:622.127 7,103,102 1,914.171 1.656.670 10,128.450 692.405 1,030.005 1,355.668 1,758.000 1. 263.94 2,626.855 11.244.682 9.258.115 3:16.013 9,395,920 3,054.211 1.254.000 5,642,879 3.038.078 7.737,047 1.3GS.770 1.733,000 1,599.838 2.109.962 34.018.480 Pittsburgh. Pa... 11.328.30H Portland, ale.uu. JI3,5iJ 1916 Pet Est. Cost. Loss. $ 2.178.585 37 739.258 56 3,685.063 35 1,891.333 '37 352.615 84 10.102,870 28 1.747,223 29 1,927.948 14 2.386.599 24 64.2p7.000 6 1,252,440 36 13.137,000 20 3,869 655 32 1,730.000 1 837,039 13 1,472,908 '49 112.825.150 43 10.842.295 4 33,108,255 8 460,056 43 7,194,240 45 4.293.464 21 4.204,493 32 4.038,840 6 51,068.310 22 667,508 9 10.223,589 59 1,694.276 8 795.496 51 2.301.632 37 ' 2.800,192 39 1.336.670 22 3,479.531 1 2,127,894 16 3,319,245 48 1.172.350 60 7.383.183 4 1,789,750 81 133.670 455 1.532.000 6 8.934.694 20 1,358,924 23 748,430 121 11.563,444 12 1.516.723 60 1,065,305 3 1.933,916 30 3,871.840 64 1.448,129 13 3.091.970 15 15,006.532 25 22.905,890 60 444.029 24 8,800.571 7 4,762,081 36 1.640.000 24 5,022.556 12 134.978,044 69 18,425,060 46 42,163.505 20 194,666,609 55 2,028,338 11 5,368,290 17 2,073,475 47 7.226,107 7 1,024,647 16 1.420.90S "22 2.347,743 32 2.135.979 1 49.898.570 82 13,544,810 . 16 1.653,742 63 W. W. Metzger Is president of the com pany. Several of the leases follow: Store room, 50 North Fourth street, leased to C. Rones for restaurant pur poses; John Dellar, owner. Store room, 65-7 Union avenue, leased to M. Tarlow for manufacturing of mattresses; Anna Johnson, owner. Store room, 470 Hawthorne avenue, leased to Florence Jeffery for a candy kitchen; Portland Trust Company, owners. Southeast . corner Third and Oak streets, rented to W. H. Labee; Port land Trust Company, owners. Store room, 42S Alder street, leased to N. C. Kelly for a delicatessen; D. P. Thompson estate, owners. Store room, 427 Stark street, leased to the Detroit Automatic Scales Com pany; Jaeger Bros., owners. Building at 575 Jefferson street, leased to Journal Publishing Company for storage purposes; J. R. Rogers, owner. Three-story brick warehouse on Hood street, near Baker, leased to Columbia Shipbuilding Company; Mr. Fish, owner. GRADE WILL BE REDUCED Lane County Court Donates Money for Lorane Valley Road. COTTAGE GROVE, Or., Jan. 19. fSncial.) The Deonle of Lorane Val ley, who for many years have climbed a hill with an 18 per cent grade in order to reach Cottage Grove, are about to have a Summer and Winter road with a grade of between 5 and 6 per cent. Money has been appropriated. Dy the Lane County Court, the road dis trict has voted money and the county will furnish a rock crusher and road building outfit. With the development of the or chards In that section the amount of freight hauled aggregates hundreds of tons annually. The cost of the road will be saved many times over in the decreased cost of transporting this freight. Official Count on. Bond Vote Made. VANCOUVER, Wash., Jan. 19. (Spe cial.) The official returns of the spe cial election held January it nave been canvassed by the Port of Vancou ver Commissioners, and found to be as the newspaper reports were given the following morning, 2825 for he bonds, and 39 against, Director) of Prominent Life Insurance Agencies Members of Life Undcrwileti Association of Oregon CONVICTS TO WORK PLANT Gold Hill Site of Nov State Fer tilizer Company. GOLD HILL. Or., Jan. 19. (Special.) The machinery for the state lime stone fertilizer plant at Gold Hill ar rived here today. The shipment, welgh Insr 29.000 pounds, is a complete unit of machinery of 200-ton capacity to be installed by the Commission. The Commission has secured the empty hotel building in Gold Hill to quarter the convicts, who will arrive with the tramway, pending the erec tion of temporary quarters at the quarry. The local power company nas maae a survey of the power line from the Gold Hill sub-station to the plant site, which will parallel the tramway, and are as sembling material to construct the line. Wm. Goldman, General Manager. NATIONAL LIFE OF VERMONT. Oregonlan Bldg. H. G. Colton, Manager. MASSACHUSETTS MUTUAL LIFH. Chamber of Commerce Bldg. Harmon & Cummtngs, General Agents, PENN MUTUAL LIFE. Northwestern Bank Bldg. Horace Mecklem, Manager, NEW ENUUND MUTUAL Lira. Northwestern Bank Bldg. Hen Lays Large Egg. COTTAGE GROVE, Or., Jan. 19. (Special.) Cottage Grove biddies have heard the Hoover call and are doing their patriotic best. A mixed Brown Leghorn and Black Minorca ownet . by Mrs. Lucy Holland has produced an egg weighing four ounces and measur ing by, fa inche. MORTGAGE LOANS Very flexible contract. NEW WORLD LIFE LNSUKANCB CO.. 202 Stevens Bldg. Albee & Amesbury, ueneral Agents, NORTH WESTEKN MUTUAL LIFE INS. CO, Ts'ortnwestern rtana mm. " T. H. McAllis, State Mgr., TJNION MUTUAL LIFE INS. COw Board of Trade Bldg. Krlear W. Smith. Manager. EQUITABLE LIFE ASSURANCE SOCIETY, ASSOCIATE MEMBERS Representative Kcalty Operators of the States of Oregon, Washington, Who Are Xon-Keaident Members of Portland Realty Board These men can be depended upon to sell or exchange your property, or represent you In any nay. OREGON. Bend 3. A. Eastes. Marsbfield Title Guarantee & Abstract Ck Stanfleld James M. Kyle. WASHINGTON. Hoqulam Grays Harbor Land Co, Ridgefleld H. B. Apperson. Xaoolt Ltw f. Williams. .