Image provided by: University of Oregon Libraries; Eugene, OR
About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (July 31, 1919)
18 THE OREGON DAILY " JOURNAL, PO RTLAND, THURSDAY, JULY 31, " 1919. TEST OF, STRENGTH III LABOR COUNCIL TO COME TONIGHT Radicals and Conservatives .to Lock Horns- Overr Election ' of New Officers of Organization, BIG ATTENDANCE. EXPECTED So-Ca!led "Reds" Expected 1 to Try to Delay Election by At tack on Editor of Labor Press. Apparently confident of victory in putting its candidates into, office aL the meeting: and election of the Cen tral Labor Council tonight, the rad ical element In the council, labor union officials declare, contemplates further activity ! by - Invasion of -the Building: Trades Council. The test of strength between the al leged radical and the conservative -wings of Portland's labor organizations will be the center of Interest at the meeting tonight, union men say. and the offi cer of the council predict a record at tendance of the 'forces of both factions. HDK UNSEATED. -A8 DELEGATE Seeking to overthrow the present coun cil administration, the radicals are re ported by members of the other "cor ner" to have seated Floyd Hyde, a mem ; ber of the machinists' union and touted as future editor of the Labor' Press, as a delegate to the central council. , Hyde, It Is said, has been instructed to use his vote to puft Harry Anderson and his aides from the admintstratftj. Coin cidentally comes .the announcement of the summary ,uq0eating of Hy demand the election ' of another delegate from the machinists' union. . An effort to - neat " several - new dele gations to the council will be the signal for the opening gun in the fight tonight, it is promised. This matter dispose-of, the election will be the order of busi ness, if the conservatives have their way. '. The radicals are prepared, it Is reported, to delay the election as long as possible in an effort to discourage and tire conservative delegates. BrXEKSOS 3f AY BE ATTACKED The "reds" will. It is thought' by con servatives, open a tirade against C. M. Ttynerson. -editor of the Labor Press, who recently published an editorial in he labor organ, attacking Hyde and the radicals generally. Thus the "Bolshe vik! corner," so-called, will attempt to divert the time and 'attention of tl.e meeting from the election. '. The opposite element reports the radi cals are urging a "closed" session-tonight, at which they can loosen a, flood of revolutionary oratory without fear of exposure, whereas the conservative lead ers are anxious, they say, to open the meeting. Murphy to Take . Temporary Work In Union Pacific 5 Captain Arthur A. M.urphy, who re tly returned from service lr France with the Ninety-ftrsV division - and. re sumed his position as a deputy in the of fice of District Attorney Evans, has been granted a leave of absence by Mr. Evans to accept a temporary position on the legal staff of the Union Pacific railway system for the period Of the government control of the railroads. He wilt have charge of the tax assess ment matters for the system throughout the - states of Oregon, Washington and Idaho, and his field of activities may ex tend' further. He will be attached to the office of Attorney C. E. Cochran, with headquarters in the Gasco bldg. uuvui i-ixnuia u uvuxiuux To End at Midnight On Burleson's Order Washington, July 81. (U P.) At midnight all government controlled tele graph and telephone systems - go back to private ownership. : Postmaster Gen eral Burleson last night issued an order making effective legislation to return the systems at midnight on the last day of July. . Burleson will make a :' report on , the government control of the wire system to congress by November 1, 1919, he said. , . Public Should Demand Original lNuxated iron Physician Warns Against Danger Of Accepting Substitutes Says That Ordinary Metallic Iron Preparations Cannot Possibly Give the Sara Strength, Power and Endurance As Organic Iron Nuxated Iron The remarkable results - pro duced by-Nuxated Iron and its widespread sale (It being esti mated that over three million feopie annually are today using t has led to the offering of nu- . M.iiu (.nose physicians mentioned below say !Ttne njetalUc iron compound which may In somcaiprodu'S mohtt'Sd! Those who tEtSjtiSS Iron and present this to tnelr druggist so that tne ?oUVoU?fKb?t bKW V&?T$aJ?Bw if dnotlrish iSihJ S?bto setting a prescription for Nuxated Iron then ifeS, - that therds I ' rv miy pbmciaB let thia, ' : ; - , - -uitmctory nsroit Summer Sessions r Of U. of 0. Break Attendance Mark University- of Oregon, Eugene, July 31. With a . total registration of 688 for the session, the university summer school, -which -will close ; Friday, has passed ail records for attendance. The campus enrollment ; this year was 267, against 26 for last year.- The greatest increase is : In the Portland i branch, which has doubled its last , year's at tendance with a total of 321. Of the 267 registered on the campus, eight are fin ishing work. for degrees; two for "mas ters, two for bachelor of science and four for? bachelor of arts. - ojttario rnnf cipail wixiy be .MEMBER OF I'. OF O. FACUITT University of Oregon, Eugene, July 31. H. R. Douglass, former superintend ent of schools of Ontario. Or., will suc ceed F. L. Stetson as professor of sec ondary education atthe university, ac cording to- an announcement - tnade by H. D. Shelton, dean of the 'school of. education. J Professor Stetson is on a year's leave of absence, to do advanced research work at Columbia university. New York. . - Mr. Douglass is a graduate of tne University , of Missouri, has done grad uate work and. is a canaiaaxe ior.roe master's degree there. VALLEY" CHOSEN BY MAZAMAS F IS VERY ATTRACTIVE Snow Had, Disappeared and Flow ers Coming Out, Reports State Biologist Finley. Paraside valley, where the Mazamas will pitch their summer, camp next Sun day, is exceptionally beautiful at this time, says W. L. Finley, state biologist, who has Just returned from Rainier na tional park, where he has been taking pictures of animal life. "The snow has disappeared in the val ley and the flowers are coming out," says Mr. Finley. "The outing gives one an excellent opportunity of seeing the higher altitudes and studying birds, ani mals and flowers.". Mr. Finley, . together with seven other scientists, is making a survey of Rainier mountain, completely circling the peak. He will return to the region with the Ma zamas Saturday night. With him is Mrs. Finley : Walter R. Taylor of Wash ington. D. C. V J- W. Hungate.ot the Che ney Normal school in Washington ; W. T. Shaw of the Washington state college at Pullman ; George Cantwell of the bio logical survey, of Washington ; Daniel H Jewltt, formerly with Mr. Finley and now with the department -of agriculture, and J. B. Flett, park ranger and an ex pert on botany.' Roy Ayer,- chairman of the Mazama outing committee, has 130 persons regis tered to take the Mazama trip. " Many of these are from widely scattered parts of the United States. For months residents of the East have been writing for infor mation relative to the trip. Two State Senators : Of Lane County Are For Special Session Eugene,; July 31.6 Walter B. Jones and John B. Bell. Lane county senators, have expressed themselves as favoring a special session of the state legisla ture to ratify the woman suffrage amendment to the national constitution and have offered to bear the expense of the trip themselves. Senator Bell, in a letter to Governor Olcott, said In part : "For the credit of the state of Oregon, and that the women of the nation may participate in the coming 1920 elections, I favor the calling- of an extra session for the ratification' of thefederal suf frage amendment." Forest to Toledo Section of Pacific Highway Is Closed Centralia, Twash., July 31, Prepara tory to the paving of seven miles of the Pacific highway between Forest and Toledo, Ernest Bechley, county engineer, has closed the highway between these points to all except local travel. Tourist traffic will be. diverted through Napa vine, Wlnlock and Vader while the paving is being laid.' OR CAMP J - v i --- - - x It !0f "ted Iron three times per day after meals . IOmuc?ya-veTga!Sed!8t gthaSKw . . Manufacturer' Mats, -ik. - of BtUera. ttp1t (Uu tIrt mift??' ll 71 -Vud , ' ... sual.uw Bucceurui ana ntirdy to every pnrcbur or th,j wui retand yoor GIRL'S MURDERER HUNTED AT BANDON District Attorney Believes an Acquaintance Killed. Her to Avoid. Punishment : Marsh field, July 31. District At torney John Hall . expresses . belief that Lillian Leuthold of Bandon was murdered by some man knowu tp her. ,: He thinks the man made ad vances to the girl, and; possibly threats,; andr then killed her when repulsed to avoid his attempt upon the girl being made public. : , This Is the : theory the officers are nowJ. working on. ' : Some suspicion has been directed to an elderly woman who lives In Bandon near: where the body was found, and who , is believed to be demented. '-The woman sometimes carries a , gun, and she had quarreled with the Leuthold girl when the latter picked blackberries in the locality, but there Is nothing to attach guilt to the woman. The police in Marshfield searched all night for a man who was reported to be acting queerly and to have , been ' armed with a revolver. When found tt developed that he was a Coqullle busi ness man who was in the city to visit some property he owned up the river. ; Lewis okuddon, a Russian Finn tramp, was - arrested as a suspect Wednesday at Myrtle Point. He said he had been at Bandon Sunday, but there is no evidence to link him with the crime. Several others who were suspected hav been eliminated by the officers as hav ing no connection with the murder. - Today the case, is as much. of a mys tery as ever, !, The sheriff, coroner and district attorney are still at Bandon in vestigating, but there is no promise of any arrests being made soon. There was some talk of lynching if the murderer was found, but the cooler of the Bandon people say nothing of the kind will be permitted if the person who killed the girl is discovered. ' Valley Banker Buys Airplane For Private Use , Medford. July .31.-Ralph Wort man, assistant cashier of the First National bank : of McMinnville, Or., of which his father, JohnWortman, is president, arrived ; in the city Wednesday to await the arrival here of his new airplane, which is of the latest military type. Wortman purchased the plane at Mather field, Sacramento, and it is ex pected to reach Medford sometime today, en route to McMinnville, with Lieutenant Franzensen as pilot. ; Wortman is not going into the air plane business, but has long been inter ested in airplanes. "I just; decided to try the idea out," he said, in explanation of purchasing the plane, "and if practicable will keep it for the private - use of myself and father." ' . Wortman has turned over a third In terest in the plane to Lieutenant Franz- zensen of Mather field,,' who will be his air chauffeur, and to Floyd Brown of Salem. :. T . . " . Three Members of One Family Fined For Bootlegging Convicted of violating the prohibition law, John Bralich. proprietor of a pool room and soft drink stand at Sixteenth and .Pettigrove streets, the third mem ber of the same family-to face "boot legging charges, was fined $100 by Judge Rossman In the municipal court Wednesday afternoon. Branch's broth er, Mike, was Cined 3100, after being arrested by the sheriff about November 10. 1917. Arrested Again last Monday night by Officer Wilson, he was fined $25 by Judge Rossman Tuesday. Mike's wife, Antonio, who was arrested about May 10, was. fined S 100, the officers say. A. V. Sutherlin, who was arrested in the company of Frank ! Earnest Deitz on Tuesday on a charge of violating the prohibition law, was released with a sus pended sentence of 15 days.t on condi tion that he return at once to his fath er's farm in eastern Oregon. : Delts was fined 375. V ; .; -. - Convicted of possessing intoxicating liquors, Umbert Pelligini, 1091 Amhurst street. St. Johns, was fined $10, Joe Vovilo was fined $60 for violat ing the prohibition law. J Root Approves Plan For Aiding Railways Washington. July 31. It Is the opin ion of Eiihu Root, and other leading lawyers, that the government has the right, during Its period of , control of the railroads, to take excess profits of the. carriers to be used, as a revolving fund to assist non-paying roads, Edgar R. Rich! of Boston today told the house interstate and foreign commerce com mission, which Is considering railroad legislation. This is the so-called "New England plan, - Rich explained. It is urged by shippers that credits may be obtained by carriers with net earnings of less than 3 per cent, t Arthur Orton to Resume Practice Arthur W. Orton, former chief clerk In the county court and later connected with the juvenile court,; has announced that, he will resume private practice of law in this city In the falL Mr. Orton was ' temporarily connected 1 with the juvenile court following the ' abolish ment of the county court and In the interval between th mailnn r. r ik. court of domestic relations and the ap pointment or juoge Jacob Kanzler. William IL Smead Dies Salem. July 31-WIlUam H. Smead. a native of Oregon, died at his home near Brooks, south of here, Wednesday. He leaves a widow, one daughter and two sons. Mr. Smead had been a resident of Marion county for 23 years. Former Resident Dies ' Albany, July 31. -Ambrose Beard, a former resident of Albany and, son of a pioneer Oregon family, died Monday at his home In Fossil. lie was about 5 years of age arid is survived by his wife and two children, Thomas and Dora, t - - - Laurelhurst Sings Begin on Friday; Chorus Is Planned Laurelhurst , park will be the scene Friday evening at 7:15 of the first of a series of community sings to be given throughout 4 the summer In the parka Waiter R. Jenkins, song leader of the War Camp Community service, under whose auspices the sings will, be held, will direct. The Victory chorus under the direction of Mrs. Jane Burns Al bert, will sing and special music will be furnished by Mrs. Albert .and others. The War Camp Community service organized the first community singing ever held In the Rogue River valley .last week,, when Jenkins crganized the work in connection with the Southern Oregon Chautauqua. lie conducted 17: sings, five of them out of doors, with a total attendance of 17,785. Jenkins also con ducted an , elementary course In the training of commurJty song leaders at Ashland. Eighteen teachers completed the course. OREGON ENGINEERS ARE BACK FROM FRANCE '; New York, July 31. Detachments of the Fourth Engineers, including 100 Ore gon men destoned for Camp Lewis, Wash,, for discbarge, have arrived here from overseas. They are now at Camp Mtlts and will leave for the West on Friday, according to present plans. The list follows : , Headqaartrrs Major James " P. Growden, PhrrWan: Frank Williams, Portland; arl II. Johnson, MolalU: Ed Mem Reynolds, WUlamina; at lion K. Logan, Albany; lncold C Heeenduhl, Silverton; Louia M. Heinrichs. Portland; Wil liam H. Hastings, North Powder; William 43. Kasahater. Jackmnrille; ;ilbert W. Wilcox. Linn ton; Vera Schortcen, Columbia City; Hay K Helman, Ashland : Clarence M. Kramer. Port land; George R. Panl. Tortland: Kail IL ScUertgen. Columbia City; Jese H. I'ritthett, Caifton. , Medical Detachment Sergeant William V. Boynton, Pendleton; Milo T. Sliong. Myrtle Point;: Philip C. Lind. Portland; Harny K. Ki-oke, Kugene; Perry P. Vasbinrlrr. Freewater; Oilier T. Hail. Portland : Fred McClnre. Hali vuy. Horn-ant Cecil B. Walker. Portland. Engineer Train iTert II. White, Salem; Rex XV Ureeoi, t'obutg; Iris X. Miller, Silrerton; Claries K. Story. Portland; John Re. The UallCT. Company A Maurice C. Delone. Hahie; Ralph M. Ainmrorth, Murphy; ( H.toii E. Phil lips, Gooeh; Ralph P. Neer, Turner; Jay I. Kiiloe. Tortland; Joe Lowrty. Portland.; .Guy - B. Klliaon. Salem ; Leo Rr Maah-Xenberg; Joseph K Kyanii. Dundee; SaWator Pinola, Portland; Wide H. Bressier, Lyons; Roy L Cole. Turner; I.inal J. Bingham. Portland; Herman IrUtndt, fttrialla; Mike Tanneler. HilLdale: CbrlUan Jrlinran. Portland; Henry E. Scuorteen. Colum bia City. - Company B Captain George Graham Steel, Baker; Sergeant William R. Brownell, Portland; ieorge Bartbelemy, Gerraia; John V. Franklin, I'crtland; Engena O. Hiniman. Portland; George 1. Foster. Cottage (irore; (ieonta W. "Wirte, Bend; JCarl Smith, Toledo: Jtm W. WOIiammn. Kbterprise; William L. Graham. Portland; Boy V, Carlton. Carlton; James F. Kllw, Milton ; Jay G- Holton. Vale; Henry Tanneler. Hill-xiale; William I. Patras. Oakland; tari W. Jone, Ltorkings; Silaa P. Scott. 8ek: Vincent II. Howard. Portland; Loim Workman. Haves; Gt4rge R. Brick. Bend; Joal E. Bates. Corbetf. 1-r.tnck D. Kelleher. Portland: Robert C. Aikin wn. Kugene : Krerett A. Nelson, Tygh Valley; Waiter A Wood, Turner. fmpr C Lloyd L. Case. Salem; Alfred N. Whealdon. The Dalles; Martin M. Matchie. Independence; Jamea S. Ramsay. Gaston; Wil lard Laytbe, (Vane; Samuel W. Allen. Port land: J ewe Merchant. Portland; Kenneth C. Bennett, Madraa; William I. Bates, Gaston; Lorenzo P. Alien, Portland. Comnaiiy E Sergeant Francis M. Raddite. Hillsboro; Sergeant Cyrua K. Armstrong, I fayette; Sergeant T ruber V. Henderson. Sa lem: Sergeant Floyd A. Radford. Perdue; Ser geant Robert A. W'aiate. Portland: Howard C tisher. Portland; Kugene D. McVickera, Salem: John A. Plank, Macleay; Nolan J. Rose. Dixon Jille; Carl M. Serery, Florence; James Criss. Marcola; Cecil XV. Allen, Turner; Charles Lade route; Gerraw; Gilbert Stuart, Medford; Stan-if-. Winninss. .LorelU: Frank L. Mansfield, Mitchell; Ernest 8. Nelson. SterUng; Iester J. Redecker. Portland; Ira C. Richardson. Junc tion City; Bernard F. Kichter. Portland; Clar ence Robmeth. Gresham, Company F Edward J. Lee, . Elmira ; Geo. S:-' nneti Bk:-Glen A. Webster. Portland; WUham S. Bdhngs. Myrtle Point; Ben G. Si.0'"?,,0"1 F- w- Brunner, Portland; WUU fcmra Mill City; a M. Joles. Tygh Val ler: Cliarles H. Zerely, Jordan; Arthur B. Mc (f.nlll. u Portland ; Amoa C. BaU. Eugene; W illiam Holbrook. Lowell; Harold L. Kfcpper Portland. ;,,;"?rny JI:I'ewi, B- Crane Portland'; Or rilte Howard, Springfield: Leroy B. McElroy. Foaad; Lew I. McAUister. Shaw; Clyde E. 2re',?'d,ntm,: Huh Wihon. Turner; Jo seph Wilson, Oregoa tHty ; Arthur W. Ryan. Portland; James U Warner. Dundee; RoUnd H.S?V.S,lleWEi?e"i RasmuMen. Portland : Hana STVertzen. Portland: Vann L. Kmsh. New berg; Walter B. Nal. Newberg; W. ll. Kel sey. Harrtsbnrg; Floyd Ames, Hermiston; WiT rRTUni, r?rt'nd : O. M. Minnick, Cn trai Point: C. R. Sullivan. Portland; Robert B. Graham. Portland; Francis J. Dumont. Tiller; JtTL 1V'?U"JL-., Sh"Tood Earl K. Petersen; Independenre; Sydney G. Schloeman. Roseburg; t. t 1 atte"- Joseph; J. W. Homerwocd. Jo-Pf.fS!- Summer, Unity; Iror XV, Turner, Porttandr Antoni Forsen. Porttand; Ererett C. ngtAlbS1;' V- poral Robert Grooms, Portland ; Brest casual company 23 1 Paul M. Biaacher. Auroril Sergeant John F. T. Kirkup. Portland. Jam"' Chm f ha TTnirawV fir m. rr - Vwve .vwuiap Acppeim were: Headquarters company. Sixteenth field artillery mmt, SUteenth field-artillery Lieutenant E. ,L,A5"nb!r,Portlnd: b"ery B. Sixteenth field artUlery Lieutenant XV. O. Benson. Reedsport. Casuala Lieutenant Lewis A. Bond. Eugene; Lieutenant Lamar Tooze, Salem : Lieutenant ir.v" .mBurton r?rtlnd : Lieutenant S. W. Miller. Willamette; Lientenant Charles V..JPrim, Dalles; Lieutenant Harold R. Adams. Myrtle aviuv. orcuieumiit ,diu nompson. JUacleay Lieutenant Noble XV. White, Cottage Grove; Captain George c. Gaunt, Portland ; 'Major Shir ley Brick, Milwaukee. . , c-, K. Flora. Portland; Daniel Knowlea. Hillsdale: William Warren Portland; Charlea P. Fraely. Ashland ; Field ai,uc ,unn, rvmioo. On the United States steamship Chicago was Casual Officer Lieutenant Bruce W. McDan id, Salem.- I On the TJnited StaUs steamship Tiger were Motor transport company 811 Walter C. Whit nay. Portland ; Brext. casual company 2746 Sergeant Bert C. Ledford. Hood River, ' i m . Weinhard-Astoria Addition of Five Stories Is Planned Astoria, July . 31. Announcement was made -today that the Welnhard estate, owner of the WelnhardlAatoria hotel building in this: city, plans to build . a five-storjr addition to the hotel. F. N. Whitman, lessee. and manager- of the hotel, has been authorized to purchase the adjoining property, and the build ing will be started at once, provided, the property can be secured. ' ; The architectural plans for the new building include a building 100x100 feet, five Stories high, -which, coupled with the present structure, will give Astoria one of the largest hotel buildings in the state outside of Portland. The Jtew in vestment will reach $250,000 when the structure is fully completed, and will re lieve a congestion that has existed here since the city has started to expand. Canadian Crops on . Average Are Good Winnipeg, Manitoba.. July 31. West ern Canada has 15.300,000 acres of wheat and 9.600,000 of oats. The condition of the crops is spotted, ranging from poor to excellent, but with a general average that now promises welL Manitoba has nearly rS.000,000 ; acres of : wheat and 1,700,000 of oats. . The - weather has favored . this province, the , rainfall i in June being unusual, much of the wheat was sown on virgin soil. General crop conditions are fine, and large yields are anticipated. - ' Finance, Industry and BANK CREDITS IN U. S. EXPANDED IN SPITE OF BANKS High Cost of Living Makes Im possible Reduction in Volume of Big Outstanding Credit. MIDDLE WEST SPURT SEEN Money Market Disturbed During Last Month by Payment of Installment of Income Tax. The general conditions of the money market have been known to everybody. There has been and now exists a great expansion of bank credits In this country. ' - The banks are obliged to consent to it, as an unavoidable incident to financing the "government during the war, in the opinion of the monthy business review of the National City Bank of New. York. Prices, wages and all the costs of doing business are so Inflated now that it is difficult to reduce the volume of outstanding bank credit,. altuugh it ought . to be reduced. Imperative de mands for more credit are in sight. A" enormous crop is to be financed and. our export trade must be financed if it is to go . on. A heavy fall trade is in prospect and the price level is rising. The banks are under obligations to the public to keep the further expan sion of credit In check. The public has had notice-of this from the Federal Reserve board, the highert banking au thority in the country, and should adapt its dealings and operations to this pol icy.: The necessary, regular, trade of the country has been cared for, and will be amply cared for, but it is no -time to increase the use of credit for other purposes. If bankers generally through out the country cooperate with the Fed eral Reserve board in this matter it will be for the general good. Farm lands in the middle west have had a great spurt of activity this spring, and made a general advance, for farms in a high state of cultivation, of $25 to $100 per acre. The movement is largely speculative, but has a basis in the high returns that have been realized from the crops at war prices. The farmers have made money and the natural in vestment for them Is in more land. The movement is simulated , by town specu lators who buy for the purpose of sell ing again and make a market by sell insr to each other. The unfortunate feature of the move-' menfis that a great body of indebted ness is being created, and If farm products should decline, as they must In some degree at least, this indebtedness is likely to be burdensome. There will be no better time for farmers to pay their debts than while they are receiv ing present prices. Unemployment is disappearing, even at the .points where much existed. Tak ing the country over, the labor situation is approaching that of scarcity. . .The smaller cities which did not have war industries are generally short, and the movement of returning aliens to Kurope is taking tens of thousands from the industrial districts. , , Food supplies, according to the sta tistics of the bureau of labor are as high as at any time last year, and this Is true of household necessaries gener ally. The pressure for higher wages continues and there Is a constant revi sion of wage scales upwards, all of which are promptly reflected in living costs. There is great unevenness In the wage advances that have been granted, which shows that this scramble for higher wages and prices on the whole is productive of injustice rather thc.i of social amelioration. Thousands of deserving people are not in position to obtain an increase of income sufficient to meet the increased expenditures which the movement has imposed upon them- The money market was disturbed dur ing the past month by the payment of the second installment of ? income , and excess profit taxen, which was due on the 16th, and by the usual preparations for dividend and Interest payments in the middle of the year. The treasury receipts for these taxes in June to the 26th were $961,225,590. Kxports for the month of May aggre gated $606,382,799. a falling off of $108, 130,629 from the figures of April, while Imports wer; $328,937,140, the highest for one month ever recorded. The bal ance In favor of the United States was $277,445,659. against $441,556,486 In April. For five months this calendar year the balance is $1,815,804,014. Offer of Belgium . Bonds Is Held Up The proposed offering of $100,000,000 Belgian bonds in this country,, which was to have been handled by a syndicate of banks and banking houses here, is at least held up if the matter has not fallen through altogether, that is so far as the original group Is concerned, ac cording to the Wall Street ' Journal. It Is understood that the option on this offering expired several days ago. It is learned that the state department refused to sponsor the offerings as the rate was said to be excessive. , . , Standard Oil Storks ' Furnished by Oferbeck Cooke Co.. Board of Trade building:: Closing ' Bid. ' Ass. AncV .. ............. .T. . . 28 Atlantic 1440 28 H 1460 610 108 '" 820 25 ' . 185 .17 180 180 1 SO 102 28 tt -10 111 -894 783 294 , 870 1 19 843 102 820 770 600 463. ' 560 765 4SO BOO 110 188 ..,466 48 Borne Scryzmer ........... . 490 Buckeye 1MO 80(1 605 SS ITS 165 115 113 1 85 : 8 27 Mi C'heesebrmiih. Ccntincntsl .. Ureseent ...i (tamberlsnd . Eureka ..... Gslens, pfd. UsJena. pfd. . IIL Jip .... Ind. Pipe ... NatL Transit- 7f. Y. Transit ...1ft Northern Pipe ............. 108 Ohio ..................... 890 ' Prairie Oil 75S Prairie Pipe 290 Solar Refe ................ 855 Southern Pipe 165 Southern Penn. Oil ......... 840 S. W. P.an. oa-...i....,.., 4 . S. O. CaL- .. tt 8. O. Ind. ...70 . H. O. Kan. ................ 580 S. O. Ky. 455' H. O. Neb. .,. .r. 550 S. O. X. J. .. .............. 75$: 8. O. Jt. Y i42 8. O. Ohio ................. S'-'O Rwma it KiDca ............. 100 " Union Tank ... 135 Vaeaum .................. 44 5 ,- Washington -.. . .,. ... . . . .i . - 43 ' Kdltee by Joe II. Jordan STOCK MARKET TOPICS Financial News says: Buying Is ap parently chiefly of a scale down char acter. American Locomotive reported to be strongly bought on a scale down. According to specialist channels, the stock la scarce and aggressive bidding is necessary to bring out -any sizeable lots. Arguments made now in favor of the purchase of low priced railroad stocks of worth are low carrying costs, desirability for loans, slight advance, prospects favoring rate Increases, and small risk in holding. These points are being, used by those who believe scale down buying In the group mentioned will give very satisfactory results later. Washington Deep and careful con sideration Is being given by President Wilson to the request of the Brotherhood of Locomotive engineers that he take immediate action toward reducing the cost of living. This was stated author! -tlvely at the White House today. Cabinet officers and others close to president urging him to return railroads to owners before . first of new year. Believed in Washington that he will do so unless congress enacts legislation pro viding some other course.. Federal reserve board 'says it has made ;lt position clear regarding call loan market and has nothing further to say on subject at present time. New York produce exchange planning on embargo against shipments of coarse grains from the west to New York. August interest and dividend pay ments $165,307,000 lower than last year. General Cigars earned $6 in first half of 1919. ; , - - Stock Exchange to close next Satur day. Fifty million dollar French loan placed with bankers here. Plans to Protect Lenders Is Proposed Plans for the protection of the Ameri can public In lending its money to Kurope public' in lending Its money to Europe for rehabilitation are outlined in a statement made by James S. Alexander, president of the National Bank of Com merce in New York, who declares his confidence that, both financially and in respect to products. America can meet Europe's' needs. He adds, however, that "there are grave times ahead," unless a comprehensive scheme is adopted for organizing American credit for" the pur pose. . He advocates the allocation of American supplies and the coordination of the demand for them arising from the various European countries.- 40 Per Cent Raise Demand of Trainmen Washington. July 81 (U. P.)--A de mand For increases averaging 40 per cent has been put up to the railroad adminis tration by 'the Brotherhood of Hallway Trainmen, President W. G. , U an nounced late today. PACIFIC COAST BA5K STATEMENT Portland Banks Clearings This week. Monday ....$ 4.094.89S.8S Tuesday .... 3,484.201.03 Wednesday .. 4.482.84 7.09 Thursday 4.30A.501.77 Tear ao. t 8.934,681.77 8.548.186.87 8.842.732.29 3.223,781.30 Tacome Banks - Claarinss Thursday ......... .t ' 650.4 1 8.00 Balance Thursday C8.800.00 Seattle Banks Clearings Thursday ....$ 7.457,145.00 Balances Thursday 1,456.504.00 San Franclsce Banks Clearincs Thursday $24,420,365.00 t-oa Angara anas Clearing Thursday ..8 6,940.710.00 , New Offering .:. . ' W after foe Immediate aallvsry $27,000 City Of Montreal . m : Quae . Short Term 4 Y5ar Six Per Cent Gold Bonds -Denomination $500 Principal and semi-annual interest pay able in New York. Dated May 1, 1918. Due May 1. 1923. 6 Bonds at 100 This offer Is subject to. prior sale and advance in price. Wire orders "collect." Freeman smith CAMP, HEADQUARTERS LIBERTY BONDS We BUY and BELL any - amount. Xew York quo--. tatlons by wire every morula (. Interest to- , . ciua4: . - . 1st 4s 8 x 4s 84.49 ' 1st 4ViS : SJ t 4V.S 94.8 rd 4V 96.76 4k .... i 9iJ4 4 . Victory 449...... JSi It necessary to sell jrocr : Bonds, bring tliem to ua, ... . We pay riigbest local prloaa, -. ROBERTSON & EW1NC 07-S M. V. Bank BvlMma, ; OVERNMENT. CORPORATION AMD asjcoMD ruts - - -' - Hams 846 Enterprise TREND OF BUPSINESS INDICATES FAiTH IN REIGN OF PROSPERITY Depleted Stocks of Goods Have Been Subjected to an Un ' diminished Demand. Business sentiment has undergone ,a remarkable transformation during the past 60 days. Even a month ago the temporary stagnation of activity be cause of the price question was clearly in evidence. This has at last been suc ceeded by the realisation that the fac tors responsible for the present plane of prices are no universal and so long standing as to leave little hope for lower levels except after a long period of time, perhaps years, according to the monthly bulletin of the National Bank of the Republic Of Chicago. Meanwhile depleted stocks of goods everywhere have been subjected to an insistent and undiminished demand, with the result that prices in many In stances have advanced to hew heights. Along with this there has been a marked increase In buying for forward delivery, a fact which attests the values. Finally, the unprecedented ac tivity ux the promotion of new industrial and trading concerns in all parts of the country and in a wide variety of enter prise seems to denote a strong confi dence in the soundness of present op portunities and In the permanency of our state of prosperity. The acceptance of the current range of commodity prices as a valid basts for future operations has oulckly changed the industrial, outlook. Where as several months ago examples of great activity were the conspicuous ex ceptions, today the laggards In the gen eral industrial uplift- are in the small minority. In fact, in industries con LIBERTY BOND SAES tJberty bonds closed In tna New Tors nurkat at (onowlna prloes: Victory SH 1st 4s 3d 4s 1st 4 Us 3d 4 4s Sd 4 Ha 4tS 4 Us 8a 4 u Friday , 99.40 94.10 93.60 s 1)4 98 94. OU 05 02 08. SO 99.00 S9.V0 Saturday..,.. 99.60 94.10 98.60 04.90 94.00 95.00 08.90 " 99,86". 99.90 Monday...... 99.50 94.10 98.6'J 94.70 : 94.10 95.00 08.08 99.84 9.90 Tuesday. 91.52 94.10 03.63 84.90 04.10 95.0'J 94.04 99.93 99.86 Wednesday.... 99.66 94.80 93.62 94.80 94.08 05.12 94.10 -99.94 99.86 Thursday..... 99 56 94.40 93.62 94.70 94.00 96.08 94.00 99.92- 99.60 $175,000 MUNICIPAL6 TAX EXEMPT BOMB) of the . Franklin County Municipal District. Pasco, Washington There has never been a default in the payment of either interest or principal of an irrigation bond when due consideration is riven to Location Elevation Transportation -Soil Water " These bonds are secured by a Hen on 11,000 acres of land which is prior to any mortgage, present or future. Principal and interest payable at Pasco or New York City. LEGALITY affirmed by Judge Truax' of : the superior court of Franklin county, and approved by Wood, Montague & Matthiessen, attorneys, Portland, Or. - , . . Price, par and interest, to net 6 ROBERTSON & EWING Government Corporation Municipal . . .t . BONDS 207-8 Northwestern Bank Bldg., Portland, Oregon We own and offer, subject to prior sale 13.800 Pounds Sterling Government of the Argentine Nation 6 Treasury Gold Bonds ' , Due 9Va , Months -Hence May 15, 1920 . Coupon Bonds in denominations of 200 pounds ($972) Principal and interest (November is and May 15) ' - payable at New York City, in United States gold dol lars, at the fixed rate of $4.86 per pound Sterling. These Treasury Bonds were issued for the purpose of furnishing means for the extension of sanitary works and the water' supply of the Federal Capital, Buenos Aires. . THEY ARE. THE DIRECT GENERAL CREDIT OBLIGATION OF THE ARGENTINE GOVERN MENT, whose faith and credit are pledged for their prompt payment. ' ' PRICE: 99.66 TO YIELD 6.50- . Lumbermens Trust Company Lumbermena Building Fifth and Stark Six Hundred Thouaand Dollars in Capital and Surplus . ' cerned with foodstuffs, clothing, textiles, leather, oil, automobiles and accessories, jewelry and : numerous other thing. there is taking place ' something ap proaching boom. Kven the great in dustrial lines that have borne the brunt of the war, such as Iron and steel and coal, have increased outputs in response to, enlarged buying demands. Copper mining will probably be among the last to recover normal activity, due to the great accumulation of unsold metal both here and abroad. Copper prices, however, have held firm despite Uie fact that monthly outputs, although they- have dropped steadily since the signing of the armistice, are still about double current consumption. 1 - 1 1 ' 1,1 LOCAL SECURITIES PuMlo Ulllltr Corporation Bid. N'or-yiwmtera Electric. rfi- Stoclt ., ommon stock .. i ....... .818.78 Rnntll 1st Mtff. . till 1985 , ... . Ask. 84.00 1.0 - 7.0 a Or. Klartrlo K!f. bonds, 1st UU. 6s dn 1938 ........... Am. i U. S pti. stock.. Common itk ........... Options on common stork , Pae. V. It I. 7 pfit'stotk. . Bonds. 1st ana .ret. C. due TO.ftO 74.00 78.00 8.00 86.00 5.oe v 78.00 75.0O -11 nil ' : ioo.ua 19S0 ....... 4. ... .. 80.00 90.00 Port. U. Co. bonds uty Bs, duo mo l . 99,09 100 oo lOO.Od 80.06-' 0.00 -X0O Port. i. O.. Ilk i.ld.'atoKk 00 UoudK. lat ana rci. am, wua 1046 ....... i .. A . . Pae. Tel. At ToL, ptd. stock... Common stock . .......... Bonds. 1st and ret. 5s, 1030. P. H.. U A r. common stock . . : Bonds. lt and ref.; 6a. duo 88.00 S8.75; 28.04 91.60 ; 6.00 es. as 70.00 191 Jajjd" rei, 70.00 T6.00 , tAM.l. la oWI8M( a . isaa By.. 1st Bond. W. V. Bo. 1st s. duo 1030 ... . Bonds, 4 ion. Use ..... 8.00 82.00 ... 1st 5s, duo .(....... 1985 Pae. . At KL (H. K atock ..... 1st pfd. 60.80 Htt.00 64.6T 92.S7 69.76 tl.hi lii'.oa s66'66 . Bonds, sr. ret, 5s, duo 1942 Common stork ......... Bonds. -sL U. At Kl. ufy. 6. J0ST .... Bank Shares Bank of California. , .6188.0O . . 180.00 Citixens bank ........... Canadian Bank of Commerce. . Ilibernla Horirur ........... 1'irst National Idd tt TUton ............ Northwestern National ...... BUt Bank of Portland . . . . United Htatra National ...... MIsoMlanaou S urltlss . . Arlincton club bonds, 6s, dua 203.00 175.00 196.00 800.00 186.00 175.00 800.00 1984 M. A. A. C 1030 ... ., Cnireraity club iaao . . . . 85.00 1.00 B0.0 97.00 Donas, os. i 6a. du bonds. As. dao Warerlay C. C. bonds, 6s, du Demand for Liberty bonds Is increas ing. .,.. a a a a - 60.00 ioo.oo