20
THE OREGON DAILY JOURNAL, POR TLAND, FRIDAY, OCTOBER 3. '1919.
liIE SOK TAKE
3D GAME; PLAY IS
ALWAYS BRILLIANT
) , - - - r - , 'y
Dickie i Kerrf: Smallest Pitcher iix
Leagues, Twirls" Teammates to
' . Brilliant Victoryr$corer 3-0.
"FISHER SENT JO SHOWERS
. Reds'. Mightiest; Sluggers Held
:- at His Mercy; Not a Man Gets
-' to; First After Fifth Inning.
(Continued From Rasa One)
the Moran outfit in spite of It vaunted
attack and, held the Redland wrecking
rrew to. three lonely singles, distributed
In "a many Innings. ' "
' After the : fifth Hnnlnr . not fa- Red
reached -first base,-and Kerr had them
Bwlna-lnav wildly at his fast breaking
t-urves or popping- up weakly when they
mvnna- at the slow ones- he mixed In. ,
Kerr displayed the courage of a- vet
eran against the mighty maulers who.
hroke the hearts of Cicotte and Williams
ud In aplte ef the fact that It wai his
maiden appearance In the big baaeball
f lansjc. he pitched one of the beat games j
in ; world's serfes history.
OX TAKE HEABT ' I
Tt was a vastly different crew of Sox
that turned - In a victory, today. The
leiperate situation which had their
backs to the wall, combined with the
plaudits of the home town fans and, the
super pitching of Kerr, made them a
most dangerous crew. ' j
Clean hitting got the Hose away to a
lead that nevef surrendered. Joe Jack
son started the scoring machinery with
the first Sax hit in the second Inning.
Kelsch bunted . and Fisher heaved the
hall to center field In an effort to atop
the "Shoeless" one at second. The er-.j
ror put Jackson on third and felsch on
second. Then Chick Gandil. who failed
In the pinch twice yesterday, delivered
a single that scored both of them.
- Again in the fourth the Sox scored.
Kleberg got a triple that Neale. should
have held to a single. i Schalk then
, pulled an Infield hit and the Swede
Hcored. It was the last run of the day.
MAY BE CICOTTE T0M0B80W
.The crowd today was somewhat of a
disappointment.- Apparently some of
the Box rooters became faint-hearted,
as the result 'of the doublt pummeling
handed their pets at Cincinnati. Less
than 80.000 fans were in the park, less
' than the attendance at both', games at
1 Itedland. But what they lacked, in
numbers they made up in noise. 'The
Hox now have a new lease on life. To
morrow is another day and Cicotte may
. have another chance to redeem himself.
: He haa begged Gleason for the chance.
- King: seemed - a , likely Red selection,
though -it is possible that Luque, on his
showing today, may get the call. -Eller
also is in shape to go to the front for
the Red.
SOX, BACK ON HOME GROUNDS,
, HAVE GREAT HOPES OF VICTORY
Comiakey Park. Chicago, Oct. ; 3,
. The third clash for the highest honors
In baseball was staged under weather
conditions far closer to ideal than . the
first two in Cincinnati. It waa a bit
muggy, and the sun radiated consider
able heat, but cooling breezes from the
west made it comfortable all around.
It was a sort of "dc-or-die" combat
for the pale-hosed athletes and the
multitude, realising the desperate plight
of Its favorites, aided to the limit with
its vocal powers. i :
LOSERS ARE CHEERED
v If it felt any discouragement, it was
re ful to conceal its feelings. The ap
pearance of the Sox on the field pro
. J..KU a cheer as genuine and aa tre
mendous as would have been their por
tion. If they had won Instead of losing
the first twor duels." V
BKTTI?ra FAVORS REDS -The
sentiment around these parts be
TRANSPORTATION
. Wa tvprctwnt all ' Bteamihlp Companies, and
ea aeeora staUaMa apaca oa any ataaaar of aoj
liaa, tMiiInf fraat on? of ties tbo -"
.. ,'. STXftMSMIP TICK ITS
" Patroaa costeawlaUni - traTal at - doom at
bread, of brfneina thair friend, or nlatlTea orar
froai tbo eld eountry, abuuld taka adTantaga of
akparianeod inform Uou (ra ol ehacta
v JOUHNAt, TRAVtL AND INPORIHATION
BUREAU
- OORSIT . sWiTH, ManaM '
Tho Oownat BMo. Tataatiana
Portlane, Oeafon. - . 1 MarahaU 17.
SanFrancisco
S. S. ROSE CITY
DEPARTS u nooir
- Tuesday, Oct. 7
" Fron'AIaiworth Deek
'. ' Fare'lielades Berth aid Heals
City Ticket pffiea, 4 A Waihlagtoa
; Pkoae Mala sue
freight Office, Alatwortk Dock
Pkoae Broadway tig
San Praacltea A PorUaad S. R. Llae
AUSTRALIA
MSW ALAN ARB SOUTH BIAS
Via Tanltl end Raflonao. sua ana rawami
"ce rrm saa Frtnotace tvary tt Dan
union aa. eo. op niw Zealand
. . BSO Oajlfarnl BC. Baa FraneHaa r
Or teeal ataamafcla and Balkoad Aetnetoe,
r
ill
i
fore- game time waa that the Sox 'were
all set for a spectacular 'comeback that
they. were coming from behind to annex
another section of world's championship
bunting. And so the rather bold wager
ing of the Rhineland fans was snapped UP
.These were .the odds prior , to game
time: -' -
Five to'" two that; the Reds ytn the
series, ; . ' - " -
Three to two that the Rede win this
afternoon's. game. . . ' ,
One to five that the Red will win four
straight. 5 '- - ;
One to ten that the Reds take the series
fn five straight --: ' ' " -j
MII,I CHEER FOR REDS " '. ' '
. The bleacher sectlons-one In left field
and the other In right were filled pracw
tlcally to capacity by . 12:30. i And so
were, the two pavilions. -But there was
only a scattering of fanatics hi - the
grandstands at that hour.. It was around.
1 p. jn. when the;"hlghbrow seathoiders
began to -report, and from that time on
they came in battalions. '
: Only a mild cheer greeted the Reds
whenHhey reported for practice at JSMQ
in direct contrast with the mighty ova
tion for the Sox when they;took the field
five minutes later.- . - ' ". ' .
Flushed With victory In the .first twq
(me and confident they can clean up
the Sox In straight-games now, the. Reds
arrived this "morning full of ginger.
They came like conquering heroes; and
so- far they are all of that. v r-
The Sox deserve credit for. fighting.
They are a game bunch and havo taken
their two defeats like real fellows.-They
stood in their positions' in the first
game like helpless kittens while the
Reds murdered the offerings of ' Eddie
Cicotte. In .'the second game they saw
Lefty; Williams contribute to the second
victory -of the Tied vllle -aggregation by
handing out bases on balls in the fourth
Inning, Strangely enough the fourth
inning Is a big Inning" fof the Reds. It
has been so in the first' two games.
WHERE'S THAT MIGHT, BATf
The vaunted hitting power of the Sox.
In the pinches has been noticeable for
Its absence. They have fielded well and
have , fought "well, but they have' with
ered 'under, the scorching wizardry of
Reuther' and Sallee, falling to come
through with - sadly needed hits. -The
Sox cannot say they had no chance to
win yesterday" a game, for in at, least
two innings they could have made the
Reds feel their power had they delivered
hits In the pinches.
A HEROIC TRIO
So far two players both wearing the
regalia of the National ' league have
covered themselves with glory. Reuther's
great pitching and sensational hitting
gave -him the' honors in the first game.
Larry Kopfs timely triple with two
runners on the paths in yesterday's game
was the rap that brought victory to
Cincinnati. Sallee's pitching was noth
ing out of the ordinary, though he must
be given great credit for the way he
.handled himself at critical" moments.
BRItXIAWT RED TRIUMPH
There. Is but one thing that may be
said of the series to date It is a won
derful and brilliant triumph fof a great
and game bunch of players. -
The Reds deserve all the credit. Some
Sox sympathizers may say that Moran's
men got the breaks an the second game.
But it is the rule that the breaks go to
the stronger team and the .Reds have
proved their worth-
Gleason will probably send Cicotte
back into the . fray tomorrow. He be
lieves that the master of the shine bail
will win If he faces the Reds again. So,
in case the Sox should rally and take
today's game with Kerr or one of the
other hurlers on the mound, Gleason
figures that he can even matters up
with the Moran men. . . '
The confidence that comes with "vic
tory? i however, will give the Reds a
weighty advantage. Already game to
the very core, they now appear to have
the Sox at their mercy. They' will be a
harder ball club to beat today because
of their successes.
PLAY BY INNINGS
(Continued From Pace Ona)
up. Leibold out Groh to Daubert. Two
runs. Two hits. One error.
Fisher was lucky to get oat of a tight
hole and his own sterling neiding pulled
mm. through.
THIRD I5NIWG
Cincinnati Rariden up. Ball one. Ball
two. Ball three. Strike one, called.
Strike two, called. Rariden out. Weaver
to Gandil on ah easy chance. Fisher up.
Strike one, called. Fisher singled in
field Kerr slipped in fielding the ball
and could not recover in time to field It
RaUi up. Strike one, called. Rath
popped to Risberg. It was a feeble at
tempt Daubert up. Strike one, called.
Daubert forced Fisher. E. Collins to Ria-
berg. No runs, one hit no errora
Kerr was working with even more con
fidence. He was mixing a slow one and
the Reds were evidently puzzled.
Chicago E. ColllnS up. Ball one.
Strike one called.. E. Collins Blngled to
left Kopf made a desperate try, but
barely .touched the drive with his glove.
Weaver up. Strike one called. ' Weaver
singled to left E. Collins went to sec
ond. It was a hit and run play, but
Duncan's snappy fielding held Collins on
second. Jackson up. Strike one Called.
Jackson popped to Daubert behind the
pitcher's box. - It was an attempted sac
rifice. Felsch up. Felsch into a double
piay, uron to Rath to Daubert. No
runs, iwo Mta, no- errora
Grph made a wonderful stoo of a hard
drive. It was a beautiful play.
FOURTH lirsixG
Cincinnati Groh up. Ball one. Bail
two. .Strike one called. Ball three. 'Ball
lour, uron walked. Kerr seemed a bit
wild for the first time, but waa working
coolly.- Rousch up. Rousch ou V Risberg
10 uanau. won went to second. Duncan
tip. Strike one called. Foul strike two.
Duncan lined to Risberg, who doubled
won on second with a throw to E.
solans, no runs, no hits, no errora.
This was the fatal fourth innina- in
which Conclnnatl broke up the first two
games.. . .
Chicago Gandil out Groh to rignhart
Risberg tripled to right Neale 'should
have fielded the ball, but It eluded htm.
when he slowed down. Schalk up. Schalk
singled Infield,: scoring Risberg. Fisher
KnocKea uie nail down with one hand,
but was unable to field In time. Kerr
up. sscnaiK out steallna. Rariden to Rath.
Schalk protested the decision, frantically
jumping up and dowa ia his rage. Ball
one on Kerr. , Ball two. Kerr out Kopf
to Daubert One run,: two hits, no er-
Jack Dempsey entered the press stand
while f the inning was In srorresa and
the athletes- on the field were forgotten
momentarily while the crowd gave Wil-
lara s conqueror the up and down.,
FIFTH ISXItf G
Cincinnati Kopf up. Ball one. Strike
one called. Kopf singled .to right - Col
lins made a desperate try for the ball,
but it was unavailing. Neale ud. Ball
one. Ball fsvs; Strike one called. Neale
forced Kopf, Gandil to Risberg. It was
ari easy play, but too slow for a double
lucruien UP. FouL strike- on. Ball one.
Rariden out E. Collins to Gandil. Neale
loog second. It was an. attempted hit
and run , play. Fisher top. . Ball one.
Ball two. Fisher out Weaver to Gandil.
iso runs, one hit no errors.. . .
' Kerr was working like a machine. He
was mixing them beautifully and seemed
showing a world of stuff and gave no
indication of weakefllnr '
. Chicago Leibold uf. Ball one. Strike
one called. Leibold out, Daubert nn
aaeiBted. .. Jake cleanly - fielded a hard
d ive down the first base line and beat
Nemo to the .bag. K. Collins up, '- Ball
ope. Strike one called.4 Ball two, B.
Collins out. Fisher to r Daubert on an
easy hopper to tha Red pitcher, i Weaver
vd. HU-lka one awune. Weaver out.
4 Fisher to Daubert " it was an asy
chance.'. No runs, no hits, no errors.
: : Fisher looked better this inning than
at any time heretofore. Ills curve was
breaking better and he had 'an easy
time with the top of the White Sox bat
ting list, . v
sixth nncixG , ' .- - ' . . : V :
Cincinnati Rath up. Ball one. Strike
one. called. Rath out, Risberg to Gandil.
Risberg's . throw; was; wild . and Gandil
stretched full length to- make, the stop
Daubert up. Ball one. Bait two. Strike
one, called. Daubert filed to Jackson.
Jackson backed up to make . an easy
catch. Groh op. Ball one. Ball two. Strike
one, called. Groh out) Weaver to Gandil.
No runs. No hits. No errors. -
Kerr again worked jn faulfiess fashion
and had the Reds -at, his mercy. His
curve .was breaking . sharply and the
Reds' efforts in this inning .were very
feeble Indeed. , 0 " -
Chicago Jackson up. Strike one
swung. Jackson walloped the arr so
hard that he rolled over' with his feet
In 1 the air. Ball one. Fteher nearly
beaned Jackson on the second ball and
they exchanged warm remarks. Ball
two. FouU strike two.: Foul.- Jackson
singled to-left .It was a pop fly which
Kopfs outstretched . hands almost cap
tured. Felsch up. Ball one. , Jackson
out, ' BtealinK, Rariden to Kopf. The
throw was bad. but Joe missed the bag
and was tagged. Ball two. -Strike one.
Strike two, swung. Ball three. Ball
four. Felsch walked. Fisher was wild
as the crown prince, and Luque was
sent out to the bull pen to warm up.
Gandil up. Ball one. Felsch out, steal
ing, Rariden to Rath. Gandil, ball two.
Strike 'one called. Foul, strike two.
Foul. Strike three. Gandil fanned- No
runs, one hit no errors.
Bill Rariden a good right arm came
to the rescue of the Reds in this inning
and two would-be Sox base thieves were
thrown out ,
SETEKTH IKJnWG
Cincinnati Rousch popped to Gandil
on the right field foul line. Duncan up.
Ball one. - Strike one called. Ball two.
Ball three. . Strike two called. FouL
Strike three. Duncan fanned. He swung
himself to his knees on the last attempt
Kerr's sharp curve breaking close to 'his
kunckles. . Kopf up. Strike one, swung.
Kopf filed to Leibold. No runs, no hits,
no errors.
Chicago Risberg up. Strike one called.
Ball one.- RisBerg out. Groh to Dau
bert.' Groh made a corking stop and
throw. Schalk up. Ball one. Foul,
strike one. Strike two called. Ball two.
Schalk out, Groh to -Daubert on an easv
chance. Kerr received an ovation when
he came up to bat. Kerr up. : Kerr out
Rath to Daubert. No runs. No hits.
No errors.
eighth nrjriKG
Cincinnati Neale ud. FouL etrike n
Ball one. Foul, strike two. Ktrtu
three. Neale fanned, swinrincr hard at
the third strike, which was a foot wiH
of the plate.- Rariden up. Ball one.
Rariden out Collins to Gandil. Magee
batting for Fisher. Ball one. Foul,
strike one. Magee filed to Leibold. No
runs, n- hits, no errors.
Luque now pitching for Cincinnati
Chicago Jimmv Smith H.. t
volved in an altercation with the White
ox players at the end of the inning,
but the umpires prevented hostilities and
led the Red player to the Cincinnati
bench. Leibold up. Ball one. Strike na
called. Foul, strike two, ball two, atrtke
uiree; lieiDoia fanned. He looked over
the last one. E. Collins nn. Rail a..
Strike one called, ball two, foul, strike
two; me Dau aropped close to the left
rieifl roui line: Duncan made. a valiant
fh- n 6.n but barlly touched
ua.il. iLi. tJOIIlns out. DanWi n
Luque, who covered first Daubert made
a fine stop and the play was fast' Wea
ver up. lian one, ball two : Weaver out.
Rath to Daubert No runs, no hits, no
errora
Luque showed well in his first World's
series appearance.
i
jriXTH INNING . .
Cincinnati Rath out E. Collin tn
Gandil. Daubert up. Ball one. Ball
two. Strike one called. Strike two
called. Strike three. Daubert fanned,
swinging wildly at the last one. Groh
up. Strike one called. Groh out
Weaver to Gandil. No runs, no hits
no errora
Much Money Seeking
Investment Today,
Declares fi. E. Miller
"There Is more money accessible for
Investment purposes today than ever be
fore in the history of the country." says
G. E. Miller, head of the investment
company bearing his name, who haa Just
returned from an extensive trip east,
visiting New York and Chicago. Busi
ness conditions in the financial district
are not affected by the strikes. League
of Nations and peace treaty, according
to Miller. The first, days Of the steel
strike stocks varied four points, but
within an hour were again up within
one half point of the opening.
Issues of all kinds are being readily
absorbed, and those formerly hard - to
dispose of are being taken up quickly.
Tne prevalent type of stock today is
preferred Issues. This is perhaps due to
the exemption fromt normal federal in
come tax. The financial market Is in
good condition, says Miller.
Brotherhoods Will
Not Likely Join in
Industrial Meet
Washing-ton, Oct 8. (U. P.) The1
"round table" Industrial conference will
assemble Monday without represents-!
tives from the big four railroad brother-
hoods, unless the conference ' scheme is
changed. President Timothy Shea of the
Brotherhood of Railroad Firemen, said
here today. .--.'' i.-f -.- j
"The four brotherhood officially have
declined the invitation to send delegates
unless every national and International
union Is represented.--said Shea. -I ;
Portland Bank -'-
Deposits Increase
Salem, Oct. 3. Deposits aggregating
$164,340,688.61 were contained in the 24
banks anf trust companies in the" city
of Portland at the time of the last call.
September 13, according to a statement
Issued by Wilt H. Bennett, superintend
ent or banks. Thursday. . This -represents
aa increase, of $58,049,401.90 over
the deposits of August 31, 1918, and an
Increase of $32,512,676,14 over -the de
posits of June 80 last.. t -. , .
- The last steamer from Dawson for
Yukon points left ' Thursday. - Four
NEWS OF THE FINANCE, INDUSTRY AND
HIGH RECORD IS
SET IN LIBERTY
BOND PRICE LIST
I -
Cotton not Materially Changed at
Close, But Sharp Break Comes
j When Federal Report Heard.
H A'SaawiaaiwaMMaaaMMMa
AMERICAN LOCOMOTIVE IS UP
Rumor Circulated J. P. Morgan
and Company Had Taken Con
trol of Kelly-Springfield Co.
1 ' By Broadan Wall
i New Tork, - Oct 3. -Reports of
the president's serious Illness caused
hi uch selling of stocks Thursday,
but there was enough vitality In the
specialties to hold the market
steady. Nelv high records were
blade in Mexican ' etrpleum, Ameri
can Locomotive, . Kelly Springfield,
Atlantic Gul and West Indies.
I The great body of .stocks were slights
ly lower at the close of trading-. Silver
made a new high record. Cotton was
hot materially changed at the close, al
though there was a sharp break when
the government report was made pub
lic. The b.ig feature of the day was
the price of Liberty bonds.
' The market . has reached the , point
where' the professionals like to work on
the short side. In addition- to the group
that has been caught short on the
Duke". stocks, it is now understood
that Keystone brokers have caught again
the same plunger who put the stock up
about $50 a share last winter In his
lef fort to extricate himself from the
short side.
In connection with the advance In
Kelly-Springfield, rumors had J. P. Mor
gan & Co. taking control of the com
pany. There' Is no basis In fact for
this rumor. - It is true that there will be
a change In the dividend rate. The ad
Vance Is due to heavy demand for the
new tire for truck's.
1 American Sumatra shorts received ad
ditional' punishment today, after which
the stock fell back.
Strength of American Locomotive and
Baldwin is based on the clearing- up of
the labor situation.
PROTEST of
Portland bank -clearlngs for the
month of September made one of the
biggest gains on record, an increase of
over $46,000,000 over September, 1918.
For the month Just closed, clearings
amounted to $171,405,240.44, compared
with $125,334,598.85 for the same period
in 1918.
Ross J. Comstock.' president of the
First National bank 6f Rexburg. Idaho,
and J. J. Blair, president of the Farm
ers State bank of Havre,. Mont, passed
through Portland Saturday on their way
home, after an extensive visit through
frnantrmi tv, ..hi. n.,- l. f
uatlon is reported as good in Idaho and
muuwuf, iiu iiTcsiwA men are nope-
ful for a rate adjustment that will allow
I them to ship their stock to the coast, ac
cording to Comstock.
- .
One hundred thousand dollars Prov
ince of Saskatchewan 4 per cent bonds
priced at 76.46 to yield on a 6.10 basis are
being offered by Morris Brothers. Inc.
The bonds mature in 1939, and are exempt
rrom an uominlon government taxes.
Saskatchewan is the third largest prov
ince in the Dominion, covering an area
of 251,700 square miles. Agriculture is
the most Important Industry, over '16,
000,000 acres being under cultivation.
A diversified Hat of Investments' has
been issued by the Lumbermens Trust
company for October, containing mu
nicipal, corporation and government
bonds and -preferred stocks. Forty thou-
isand Minidoka county, Idaho, 6 per cent
Donas, priced at par and accrued inter
est, to yield 5 per cent, is one of the
many new issues of municipals.
One of the largest lists of govern
ment and municipal bonds published fn
the Northwest is being distributed to
the Investing public by . Morris Bros.,
Inc., this week. The list contains ap
LIBERTY BOND SALES
Liberty bondt closed in tbe New Tort market at folkrwlng prleca:
3H .1st 4. 2d 4s 1st 414a 3d 4 Ha 3d 4 Hi 4th 4 H
Saturday ....100.02 05.20 94.32 85.40 94.44 96.46 - 94.44
Monday .....100.06 ' 65.80 84.80 86.66 94.50 ' 86.44 94.38
Tuaaday 100.00 85.20 84.24 85.60 84.80 86.24 84.21
Wednesday ,.100.04 85.20 94.02 85.44 84.00 86.13 94.16
Ihuraday ....100.04 95.20 93.90 85.44 94.06 96.00 94.12 i
Friday ......100.04 95.40 93.80 95.60 94.00 95.90 94.14
"-TT,!7. YOUR personal or commercial requirements necessitate the sending of
- 1 1 money -to foreign 'countries you will be interested 1 to know that the
. Foreign Department of the Northwestern National Bank forwards funds
at favorable rates even to places where there are no banking facilities. '.-This is
done by insured, registered mail, from our correspondent bank in the nearest
city directly to person or firm named. ' We also issue drafts to those who
wish to se,nd remittances direct to cities and towns where there are banks.
" Ask us about money transfers to the following countries :
Belgium Hungary " France t : Serbia- Norway v ; Denmark
Austria .!CzecJioSlo-rakia. Germany, Italy 'Poland ". Sweden
Bulgaria . Jugo-Slavia Greece Syria Roumania Finland
. - t , i ' ' . t -;' -
The Northwestern National Bank
J r Northwestern Bank Building v ,1 .
' - Portland Oregon ' v
proximately 850 municipal offerings, be
sides many American, Canadian and
foreign government issues. : This ' firm
has, also acquired an issue of $135,000
of Province of Saskatchewan' direct ob
ligation 4 per cent bonds, .payable in
gold at New Tork and maturing lit-1923.
They -will be offered to investors in a
few days. . " ':
- Freeman Smith - A Camp were the
successful bidders for . the; $125,000
Aberdeen. Wash., municipal highway
construction bonds, .which were sold
Thursday. The money 1s o be need for
constructing a permanent highway ap
proach on the Olympic highway in the
eastern part of the city. The bonds are
5 Vs. ' maturing 10 per cent annually
starting 1929, and. will be offered to in
vestors within a short time. . :.
-FifV'B,"n "llllenty,
Idaho, Grangevtlle highway district 6V4
per cent coupon bonds are being offered
by Clark. Kendall fc Co., Inc. This issue
is priced at 102.31 to yield 5.20 to the
optional date 41929) and 5.50 thereafter.
The bonds are free from all federal In
come taxes. . - v .
Stock
Mm
Furnished by Overbeck:& Cooke com
pany, r , . v
Financial Bulletin says : "Csreful
study of the Sinclair underwriting
agreement, will show that according to
its broad provisions there Is very ;ittle
chance that the underwriters will et
much stock and that therefore ihe prps
ent short selling against participation
may prove unwise and ; costly in .the
end," says a leading source which Is
very friendly to the stock. Influential
speculative channels are talking of a
strong pool that has been formed to buy
this stock.
. '
Investment In petroleum enterprises
Increases $515,000,000 ' September char
ters. International Paper earnings estimat
ed at about $18 a share this year. Some
talk of resumption of operations by pool
Interests. . .
The United States supreme court, when
it reconvenes next Monday, will have
before it a pending case to determine
whether stock dividends are taxable as
Incomes: also the Southern Pacific land
case argued last March, which involves
titles to lands alleged but not proved to
be oil bearlns. which the government
contended were obtained Illegally.
U. a Rubber declares $2 quarterly
dividend. Directors promise extras.
New York U. S. Rubber company de
dares dividend of 2 per cent on common
stock. Intention of board to place stock
on regular 8 per cent basis
Cummins' railroad bill tentatively
amended by senate committee fixing min
imum return to stockholders at 6V4 per
cent ''-.
J. P. Morgan & Co. to offer today to
public new cumulative 7 per cent Stand
ard Oil of New Jersey preferred stock.
Crucible Steel statement for year will
show net earnings at least $25 per share.
-Washington Senate passed bill au
thorizing national banks to loan 25 per
cent of tbelr capital and surplus on cot
ton, grain and other farm products.
Japanese shipping head to Chicago to
buy steel. " : -
Chicago Board of Trade memberships
sold at f 10,850 or equal to $10,000 net to
seller. . f
Anaconda' production September total
12.70,000 pounds against 12,600,000 in
August and 11,122,000 In; July.
Official announcement made of or
ganisation of the American Tobacco Se
curities corporation to take over stock
of American Tobacco on basts of four
share's of American Tobacco Securities
for one of American Tobacco.
Purse With Jewels Lost
Spokane, Wash., Oct. 3. A purse con
taining diamonds and other precious
stones, : valued at approximately $2000.
waa lost, presumably In. the lobby of
the Davenport hotel, by Mrs. George
Arthur Smith, wife of a retired Seattle
business man. . . -
PACIFIC COAST BASK STATEMENT
. Portland Bank! .
ciearlng! Thi Wrek. "' Tear Xio.
Monday ....$ 7.043.R22.BS 6.B73.0S2.41
Tueday. ! . . . 8.309,762.80 6,726.125.14
Wednesday .. .2S.72.54 6.817.795.02
Thorndaj ... 7.257.12.fl7 S.2S0.77S.79
Friday . . .-. 6.815,438.81 5.270,678.35
Tacoma " Sanaa
nearinaa, Friday JOS.SJS-"
Balance Friday , 154.476.47
Spokane lank .
Clearing. Friday .-. . j . . $ 8.00t,6R1.00
Balaneea Friday 1.08.598.eo
Victory-
3s 4t
9.80
8.80
89.80
88.80
99.S8
88.80
'Service Covers
Encircles
Transmitting Funds
Across Seas
NATIONAL BUDGET
IS NOW BEFORE
LAWMAKING BODY
Select Committees Experienced
in Matters of Finance to Draw
up Important Federal Bill.
WILL EMBODY REFORM PLANS
For First Time in History Group
of Six Men Will Decide on
Goyernment Expenses for Year
Twenty men today have the pow
er of determining the financial fu
ture of the United States. They
comprise the select committees on
budget of the house and senate
chosen to report on six bills and
five resolutions introduced at this
session of congress, and to make an
investigation with the idea of form-s
ulatlng a practical budget plan
which . may be adopted by the na
tion. The first of the budget hearings was
held during the past week at the na
tional capitol. The expert testimony of
bankers business men, political econ
omists and others, has contributed many
Interesting facts which wilt undoubtedly
aid the lawmakers in drawing up a bill
that will be acceptable to congress.
Members of the house and senate who
make up these two Important commit
tees are, almost without exception, old
time and experienced lawmakers. Be
cause of the non-partisan character of
the committees and because of the as
sociation of their members with the most
Important legislative problems "before
congress In the past decade, it is safe to
say that their recommendations will be
accepted by congress with only slight
changes.
COMMITTEE TO DECIDE BUDGET
Therefore, upon the deliberations of
this mere handful of men will depend
whether the United States will continue
to be administered financially under a
System that is inefficient and irrational,
or whether there will be recommended
for incorporation In our federal govern
ment a comprehensive and definite bud
get plan.
This is the first time In the history of
the nation ' that a momentus matter of
this character has been referred to a
small body of national representatives.
It Is the outgrowth of discussion that
arose In 1912 following the appointment
of former President Taft's commission
on economy and efficiency. Mr. Taft
realized the inadequacies of the system
by which funds are provided for running
each of the ten major departments of
government. The primary object of his
commission was to guard against ex
travagance and duplication in depart
mental activities.
A hostile congress prevented the car
rying out of his project and up to this
May we serve you?
We buy high grade bonds for
our own account and offer
them to our clients in large and
small amounts.
The principals of this company
have had long experience tn
juying investment bonds. Every
year for many years they have
bought millions of dollars of
high-class bonds for distribut
ing to investors, banks and In
stitutions. Not a dollar has'
been lost to any client of theirs
through separate investing inf
bonds purchased upon their
recommendation. This company
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FREEMAN
SMITH
CAMP
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89.80 SaOOMD flMK
BsiBO W'"J"tj2,S4S
89.88
89.86
98.86
the Northwest and
the Globe"
ENTERPRISE
year there were only spasmodic efforts
on the part of congress to agitate budget
rerarm. x.
Early at this session of congress, poli
tical readers were skeptical - of agree
ment upon a measure which would meet
with the' approval of a majority In both
house and senate. One of the reasons
for this was that it . was - feared that
neither house of congress would care to
relinquish Its prerogatives in initiating
money bills. Another reason was that
those actually in favor of budgetary re
form held views diametrically opposite
tn regard to the responsibility of - the
executive department for a budget.
Ilalf of official Washington sides with
Representative Good, who believes lht
a bureau of the budget, delegated with
power to draw up department estima.,
should be-"'In the office of the presi
dent." The other half believes with Sen
ator McCormlck that this bureau of the
budget should be "in the office ef the
secretary of the treasury" and respon
sible to that official..
' Because of the Importance of proposed
budget reform of the power that will be
wielded by the select committees In
drawing up an efficient and practical
budget bill, it Is ef Interest to consider
the members who make up the two com
mittees. They follow:
v James W. Good (Iowa), chairman
Willis, C. Hawley (Oregon), Henry W.
Temple (Pennsylvania), George It Tlnk
ham (.Mass.). Job. W. Byrns (Tertn.),
Claude Kitchen N. Caro.). John N.
Green Tex)r Edw, T. Taylor; (Colo.).
Everett -B. Howard (Okla.) compose
the house select committee. Medill Mc
Cormlck (111.), chairman, Heed Smoot ;
Utah). Miles Potndexter (Wash), I. U
Lenroot Wia). Walter K. Edge (N. J.).
Henry W. Keyes (N. II.), F. M. Slm-
mnna I V f A t.r.H. A Inn.. I S3
Jos. O. Wolcott (Del ), and Wll-
Ham B. King (Utah) compose the senate
select committee.
l"OR!
The JaDanese arovernment banned aold
Imports during the war in cooperation
with the United States, to prevent a j
withdrawal of large Japanese gold de- i
posits from this country. Japanese
bankers in New Tork say that Japa
nese credits now total 8260,000,000, an,
tncrease of $100,000,000 in the last three
months. It Is estimated that $200,000,000
of this belongs to the government. Japan
has been demanding- dollar payments for
goods sold in Europe because European
money, is so low. The Japanese gov
ernment has boueht Liberty bonds and
United States government, issues esti-
mated to total 850,000,000. As Japanese
money rates are now very high, bank
ers expect, their gold import ban will
soon be lifted. , v
' I -
To promote trade between China and
the United States, It Is planned to hold
an exposition of American and Chinese
products in Shanghai during; the latter
part of 1920. The exposition, it Is ex
pected, will afford buyers an opportune
the financial institution stands in the
front rank. A community without a
bank is at a great disadvantage, and
repairs .the lack as soon as possible.
i
Ladd & Tilton Bank for sixty years
has furthered the development and
growth of the Pacific Northwest. As
the banking needs increased, depart
ments were added," floor space en
larged, and number of employes
added to.
We invite commercial and firm ac
counts, as well as individual, and guar
antee careful personal attention. :
LADD & TILTON
Pioneer of the Northwest
Washington and Third
Anglo-French Bonds ;
' To Net 7.50
Government ana Municipal Bonds Bought and Sold T ''
- -. - ' -.'',. , i ' "
: g.pevepeaux&t5mpanv
87 Sixth Street - . "' Broad wav 1042
3 ?I xr
vsrouno rioor vr
ROBERTSON & EWING
LIBERTY BONDS
j -Saw Tort QaetatleBt,
v latereat laelndea.
tii.7
. tS...r.,.. IMI
FlMt
Ne
eeos4 ; 4...,.... IM1
Jlrat : 4Vm , .7I
fceees 4t.. t(.t
Third-
Fesrtk IVat...,... M
Tietorr 4i...,... HM1
W Bay ass fteU asy
Av9mU
Edited by 7
Joe II. Jordan
- V
ty to become acquainted with commodi
ties -which 'have not been handled in
considerable quantities y in the past.
Trade relations between the United
States and China are Improving, and it
is believed that during the next decade
American merchants wilt have once more
become dominant figures tn China ' for-!
sign trade, according to a report ' Just
Issued by . the American Chamber of
Commerce of China. ; r . -.
The iDTcotlns
of the Dollar Is Great
er Than Its Parchat
Ing Fower..
M'
ONEY now
tucked away
in safe govern
ment, municipal
a n d corporation
securities prom
ises more profit
lhan nmerey return
in interest:
With the decrease
of livlnjr costs- the
money so invested
INCREASES, propor
tionately in exchange
value thus adding
profit to profit.
Write or Tall for Oar
Lists of "Better
BoBda."
;
r
CLARK.KENIWLL6fC0
OOVtaMKEXT MUWlClfA.1. MSJ
3 wvsj
'WORLD
If Ing 1'ower.
III :
I
As a Community
Developer
BANK
II P . il f j. J
eiia - r argo Buuaing .
FEDERAL TAX EXEMPT
: BONDS
-, -i.-- Local Securities -
207-S Northwestern Bank
' . , Bulldins;
PORTLAND. UR. , .
4
steamers are yet due to arrive at Daw
son. . -' -. -r
to have the Reds at his mercy, He was