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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Oct. 4, 1919)
THE OREGON .DAIII JOUKNAE, "VoKT IAWD,' SATURDAY. OCTOBER . iSlft 1 Finance, Industry and Enterprise e:, " . ' ; ' ' - EdlteS By Jot H. Jerdaa . - " - " li i ii if n ' I ii ill i i I in I i ii I i i i i ii in liin i i I r I ,;, i . , 1 STOCK E ROCKED BY TALE WILSON IS Market Flighty in Early Morning, . then Recovers, and Finally Sinks in the Late Afternoon. EARLY RUMORS ARE TRAGIC v:; ; ,.; ....... , Late Reports From Physicians Considered Actually Serious as Concerns Health of President. DEAD New Tork, Oct 5. The financial . world wu very much disturbed Friday -over President Wilson's condition. Be . fore the opening the street was full of report of his death and denial of these reports had not overtaken the original rumors when the market opened. There . fore stocks were very weak in the first hour with some material liquidation ; particularly in high priced issues. When the president's physicians began Issuing bulletins, the falsity of the death report was, of course,- apparent fend a reaction from the feeling caused , : by the false reports sent the whole list up, sharply. A few new, high records V were made, notably in Atlantic Gulf and West Indies and American Locomotive, while American Tobacco touched its . previous high. Announcement of the TRAVELERS' CHEQUES ' - 'Convenience, security and economy are secured by 1 ." the " use of Travelers' Cheques issued by this bank. They enable the c bearer to identify himself and are readily converted . into the current coin of any country. THE CANADIAN BANK OF COMMERCE PORTLAND BRANCH Fourth and Stark Streets ' OPEN SATURDAY EVENINGS 6 TO 8 O'CLOCK IMHaHBEMBflEEiiBBsVBLIIBI TOUR FAY 1 Wednesday I rharadsy .' V I Friday". . , with the . I !L. ' " ' ' V ' ",m41 Appreciated jfP The Bank of California National Association Founded HEAD OFFICE. Branches at PORTLAND, TACOMA and SEATTLE ' Conduct sa Cenerml Banking Business : We Carry Checking and Savings Accounts, Buy and Sell Foreign and Domestic - Drafts and Cable Transfers, Issue Commercial and Travelers' Letters of Credit and Travelers' 1 . Checks for use throughout the World. , , Pay Interest on Time and Savings Deposits. , Capital, Surplus and Undiridod Profits, $17,000,000 . ? , .. ...,. .. y. ': Portland Branch Third nd Stark Street W; A. MACRAE, Manager. new securities company to take over the American Tobacco gave speculation a revival and for a couple of hours there was the best kind of buying. Ad vances were seen all along the line. . In the ' last hour - the , reports from Washington became mote serious, particularly- the private . reports. Doctors began making their appearance in the brokerage offices and their interpreta tions of the official bulletins gave Wall street a genuine case of "creeps.' This caused a short ' selling movement that was in full swing when the market closed. It resulted In declines from the high, prices averaging about S points in the active list but running in several stocks as high as C. 7 and 8 points. United State Steel, which is naturally the backbone of the market, dropped 2hi points from its high price of midday and closed at the bottom. Bethlehem B lost SH points, tobacco products. 6 ; . Baldwin, CH : American Locomotive, fl ; General Motors, $y, and so on down the line. The losses seemed about correct ' in proportion to the recent advances. Money was up to 12 per cent in the last hour, but subsided to 6. Foreign exchange was weak again on announcement that gold was being shipped to India and China. EINANCIAI, The .Lumbermen's Trust company wfll offer shortly $350,000 Skagit county, Washington, 6 road bonds which they purchased at a recent sale. Cash dividend payments by Standard Oil companies in the third quarter amount to $23,673,354, against $24,286, 944 in the second quarter and $26,204, 915 in the third quarter of 1918. De crease of only $613,690 in payments in the third quarter is accounted for mainly by the Ohio OiL company, which declared extra dividend of $2.75 a share, against $4.75 a share In the previous quarter. This was in addition to the regular dividend of $1.25 a share. Standard Oil of California is third in the list, with payments of $2,494,333, Stand ard of New Jersey, the parent company, being first with $4,916,919, and S. O. of New York, second with $3,000,000. The sixth branch in the Far East of the Asia Banking corporation, of which Herbert Fleishacker is a director, has just been opened for business at Manila, Philippine islands. The other Far East ern branches are at Shanghai, Hankow, Peking, Tientsin and Hongkong, China. Another Bonus for Ladd & Tilton Men An additional bonus of one-third of a month's salary was granted to the em ployes of Ladd & Tilton bank at a meet ing of the board of directors Friday evening. This bonus will be an addition to the regular bonus of 10 per cent a month, according to announcement made by bank officials this morning. PACIFIC COAST BASK STATEMENT Portland Banks Clearing This Week. Mondajr S 7.04S.322.5B Tuesday 6,809,762 39 Wednesday .. 8,828.72.54 Thnnda ... 7.857. ll2.7 Friday .... 8.815,438.81 Saturday ... 6,287.571.92 Tear Ago. t 8,578.082.41 6.726.125.14 6,917.795.02 5,260.778.79 5,270.678.85 4.621,981.71 in 1864 SAN FRANCISCO 1 BURTCHAELL, Ass's. Manager. : NORMAL TIMES IN U. S. FAR AWAY. IS E. G. Crawford Says Convention . Convinces Him Stable Condi tions Here Are Far In future. COLUMBUS' EXAMPLE CITED No Living Man Can Prescribe Remedies, He Says, but Peo ple Must Go Ahead Confidently By E. G. Crawford Tie President United State National Bank St. Louis, Mo., Oct. 4. The Amer ican Bankers' forty-fifth convention closed Thursday night, after ah un usually busy four days', with .70 dif ferent meetings of the various sec tions and committees. Out of all the varied meetings I have attended here and the speeches I have heard have come, at 4east to me, a few sa lient facts, v First, that the economic condition of the whole world' is bo upset that it will take years to restore anything like nor mal or stable conditions. Second, that while no man living can prescribe im mediate remedies, we -can go forward with the same confidence and courage 'that Columbus did when be set forth into unknown and undaunted seas, but with art abiding faith that carried him through. Running through all the speeches were warnings and admonitions warnings against the high levels of all things which will come down. Warnings against speculation, which is rampant in some sections. But above all this was the inspiration that, in spite of labor unrest and apparent world chaos, the threat of Socialistic doctrines- would gradually come to order and return to more stable conditions and the average American citizen, "banker, business man, nrofes- i sional man, farmer and that unclassified mass of people, seldom heard from ex cept when necessity arrives, will out weigh any radicalism that exists in this country. George E. Roberts, vice president of the National City Bank of New York, and the country's best known banker economist, gave me nearly an hour inursday in summing up what he thought of the situation. It was briefly this: vvnen Europe gets back to work, and they are getting back more rapidly than we think, production will increase, lessening- the need for our goods. Which naturally will caus declines in our com modities, thus piling up surpluses in this country, slowing down manufacture, reducing prices all along the line, labor as well as everything else. He said we should finance Europe, in fact, we must do so, as we are now the world's bankers. Ho advocates the form ing of a great corporation to handle this and guarantee the individual loans needed in Europe, these securities, in turn, to be sold to our citizens at cur rent rates. This would rehabilitate the industries of Euroue, restore the exchange value, and be good business sense. He said we must , think in world terms and be ready to finance good business any where, just as England haa done, if we are to keep the supremacy we now have. In the first six months this year mines in Western Texas yielded silver at the rate of 690,000 ounces a year. BANKER S OPINION LIBERTY BOND SALES Liberty bonds closed In the New Tort market 8H Ht4e 2d 4s 1st 4 "4 . .100.04 . .100.00 . .100.04 ..100.04 ..100.04 ..lOO.Oo 05.30 O4.S0 W.60 08.20' 04.24 0S.60 05.20 94.02 05.44 95.20 93.90 93.44 95.40 98.90 95.50 95.22 94.00 95.50 Consci sbUvcj n roUATH 8 . Never Hesitate . A bout Saving He who hesitates long between two opinions is sometimes liable 'to get on . the wrong track. Never hesitate about saving you know it is important and to your best interests.; Start an account with us. . ': SAVINGS - TOMMERCIAIi - TRUST FOURTH -AND "WASHINGTON STREETS ROBERTSON f & EWING :' LIBERTY BONDS Jfew Tork QsotaUoas, .Interest laelsded. Stts $101.19 48...... M.44 4s...... ti.4 4tts t.7t VI - 44 :4tis t.l 4Vs..4, Mti 44 141.64 First - - heeoad First - - rieresd " Third -7 Foarth ;i'letory ITo Bay aid Sn Any OTHERS MAY ADOPT : PROFIT SHARING PLAN OF PENDLETON BANK Employes and Officers Rewarded for Services by Being Given ! Part of Proceeds. The advocation of a - profit sharing plan for banks whereby employes and officers enay share the net profits of the iyear is being met with approval from ail points of the Northwest and many inquiries are being made as to the plans adopted, successfully in several banking institutions. . Following the announcements made by W. J. Thompson, vice president of the First National bank of this city, regard ing the plan now in effect in the Amer- L leant National bank of Pendleton of which he is still president. The Journal has obtained a copy of the plan, which" Is as follows : IXirlnr the last tew yttra the American Na tional distributed reauUr and extra bonuses to it employee, but the plan axed did Dot prove en tirely satisfactory.'. It waa felt that aome equita ble basis for determininc the bonuaea to be paid should be devised and that it should be based on the net profits for the year, and .indi vidual efficiency should be recotniaed and re warded. IX was slab recognized that the plan ihuuld be .fair both to the shareholders and the employes, and should not be changed from year to year.. ,' - ,r " The plan as finally adopted by the . dire tort may be divided into three parts: '-"Vf, 1. Settins tip standards to determine net profita uopn which to base sn equitable distribu tion. - , 2.1 Finding and eetablbhint equitable rate. 8. Setting up standards to measure individual efficiency. . " "J, ." 1. . At the beginning of each year standards are determined, based on past experience, for the volume of loans and deposit!, gross earnings, ex penses and net profits. The standard net : prof it thus obtaineU are used to measure the- effi ciency of the bank, or in other words, to ascer tain the percentage of actual net profits to stand ard set profita. 2., A distribution of the standaff net profits is then established as follow!: i Aj A deduction is made for dividends to, the Khare holders, based cu t fair return on their in vestment. B. -The amount due to the United States government for income and excess profits , taxes is then reserved. t. C. A certain percentage of the net profits is seit aside for distribution to the officers. and clerks. Thia percentage becomes the basic rate for 100 per cent attainment (standard net prof its).'' The relation of the rate to the. percentage of attainment waa esUblshed after due consider ation had been given to the fact that an ordinary return on the investment is the result of the in vestment phis ordinary efforts, on the part of the employes; and that a larger return on the same investment is due to the higher degree of efficiency of the organization. Therefore, as .the returns on the capital invested increase, the rate if compensation to the employes increases in a greater ratio. I. This principle is also applied to the di vision of the compensation between the officers and clerks. In proportion to the total salaries, the share of the compensation allotted to the officers is greater than the share allotted to the clerks because an increase in the earnings is more largely due to the efforts of the officers. 3. Several methods; more or less elaborate, of measuring efficiency of office clerks have been devised. For the purpose of this plan the most simple has been selected. The individual effi ciency of each clerk is measured by the standard duties he has to perform. Each elerk is rated encc a month, and his efficiency for the year is determined by averaging the result! for the 12 months. If he is rated 100 per cent for the year, and if standard net profits are realised, the amount of his ehsre of the net profita is paid to him; in fall, but if his rating is less, a deduction is made in proportion to his inefficiency. It is understood that any employe whose rating falls to 90 per cent shall be dropped from the force. The amount of bonus paid to each officer or clerk is in the same proportion to the total amount to be distributed that his saltry bean to the total salaries. Payments are made as soon as the results of the operation for the year are known. It will be observed that under this plan the members of the force are not only employes of the bank, but they are partners as well, and eon soquently interested in the final results. The standards furnish a goal which can be attained only if the organization of the bank is developed to a high degree of efficiency. It fa, therefore. to the interest of all to cooperate in every way In order to attain the results sought, and through intelligent efforts render the very beat service. Suggestions that may assist in the growth and prosperity of the bank are invited from aU mem' bets of the organisation. at following prices: Victory-. s 2d41i 8d4Us4th4U. 4.50 8.44 04.38 04.80 08.24 84.21 04.0O 06.12 84.18 ' 4.0a 96.00 94.12 94.00 95.90 94 14 94.20 85.94 94.84 4s 99.90 90.90 99.90 99.88 99.90 99.86 99.90 9B.0O 99.88 99.88 99.86 99.84 WASMIHGTOfS x. ' FEDERAL TAX EXEMPT . BONDS ... 't Local Securities , ; Northwestern Bink . -; Bulldins;' - PORTLAND. UR.;'4 , OREGON EXCELS IN MANY LINES F A. G. Clark, Manager of the As sociated Industries of Oregon ' Points to Superiority of Goods. SECOND WOOL CITY IN U. S. Majiy Local Products Shipped to Eastern Markets, and Returned to Local Retailer1. - "Oregon has more to boast about than apologize for," declared A. G. Clark, manager of the Associated In dustries of Oregon, in a rcent ad dress.' 'Few people stop to consider the rrshny things in which Oregon excels Pacific coast states in pome in stances all Western states, and in other cases the entire United States. "One fifth of the standing, timber of the1 United States is in Oregon-khe va riety of merchantable timber in , cor mercial quantities probably exceeds any state in the Union. Sugar and yellow pine, red and yellow fir, spruce, red wood and Port Orford cedar are a few Of the well known wood. Forty per cent of the waterpower of this country is within the borders of these four North west etatea and only 5 per cent devel oped. "Oregon produced 10 per, cent of the platinum used by the United States dur ing the war. The fame of Oregon's fruits circles the world. The reputation of our cheese extends to foreign coun tries. .Our shipbuilding record is a world's record in many respects. We -were able and did obtain greater re turns on labor output and money costs than any other shipbuilding state. "In the manufacture of cereals, Ore gon equals any and surpasses all other states west of the Rocky mountains. Oregon is the largest furniture manu facturing center in the entire West and in some special .lines of furniture we stand third in the entire United States. Our markets extend to , some of the Latln-Ajnerican countries. In saddlery manufacturing Oregon leads famine coast states and carries trade to points far east and south and te foreign coun tries as well. In the handling of agri cultural Implements Portland is the fourth city in the United States and is away ahead of all western cities. "In the manufacture of woolens, Ore gon is away ahead of other western states. As a wool center. Portland is the second city in the country. In candy manufacturing Oregon Is second to no other Pacific coast state. Our cracker and macaroni plants take the lead in thi West. The third largest seller of soda crackers in the United States Is made in Oregon. "The largest coppersmith plant in the entire United States is in Oregon. The biggest broom factory west of the Mis sissippi river is in Oregon. The only carbon paper manufacturer weet of Chi cago Is in Oregon. Our paper mills and stove foundries equal any to be found in the West. ''The largest single plant making Jams and Jellies west of the Mississippi is in Salem. Carloads of our manufac tured fruit items go to many states east of Chicago, are labelled by the jobber handling them as his private brand and some few of our Oregon merchants buy them back under the lure that they must be better than Oregon can produce. "The only worsted mill west of the Ohio river Is in Sellwood. The yarn there produced from Oregon grown wool is shipped to knitting mills in other states, fashioned into sweaters, bathing suits, caps, etc., and our merchants buy it back. Our woolen mills produce macklnaw and other cloth, ship it to many parts of the country to clothing manufacturers who resell It to Oregon retail merchants, who might have pur Chased here in the first instance. "Oregon cherries, loganberries, prunes, apples and strawberries are known in every part of the country as being su perior. When the loganberry was first introduced. It was regarded 'as a failure it would not hold up under shipping. This fault has now been ' capitalised and the fame of Oregon la being spread through the advertising of 'Pher logan berry Juice.' . "Candy made here Is (being advertised and nationally distributed. .Cough drops made In Oregon go to nearly every state in the United States. Oregon robes and blankets are nationally ad vertised and nationally sold. Dragsaws made here are nationally- advertised and' distributed. "Ice cream cones were invented and made In Oregon first. Oregon Is the home of dehydrated fruit and vegetables the quality and quantity : unexcelled. "'An Oregon life Insurance company has the best financial record of isny company founded during the last ,20 years. It is the only company that: has shown a growth of insurance and sur plus without having to obtain stock holders' aid beyond the original' paying for stock subscribed. In the last four years it has written more life Insurance than any other company doing business in the state. ; "In all of the West, Oregon is the principal seed state. Flower and garden seeds here excel in greatest variety and finest quality. Seeds go from Oregon to the great seed houses of the Blast and are then sold back to Oregon dealers for use. In Oregon gardens. "No other state has such a wide area of fertile land uncrossed by railway lines as Is represented in the great Cen tral Oregon country, an area nearly as large as the state of Ohio. Think of the possibilities of the future when the land Is under full cultivation and served by carriers.. Kxceptlng only California, Oregon spends more per capita for pub lic highways than any other state. "Some of , the largest undeveloped potash and mineral salt fields and lakes ,ln the world are in Oregon.! One of the largest quicksilver mines in the world Is in -Oregon and even though not en tirely . developed, is one of the United States greatest producers of this min eral. . One, of the largest lumber car goes ever floated anywhere was from a Columbia river plant below the city of Portland. : the S. " S.. Algoa. carrying 4,200,000 feet." y: - ;. Record Beached :in ; : Land BanK ; Loans -f : - -;' :' r . w-!v--':?f '- Spokane, Waslu Oct. - 4.--More than $1,000,000 was loaned to farmers and fruit growers In September by the fed eral land bank of Spokane, bringing the total for the district to more than 135. 000,000 since the bank opened for busi ness two and a half years ago. - . OF MAI ACTURE Philippine Lumber 7 Market Growing in ortance Rapidly The demand or lumber In the Philip pines is growing rapidly and the output or me mills is showing; av big: increase. The output of the 10 largest mills rose from 86,000.000 board feet in - 191 to 50.000,000 In 1917 and 0,000.000 tn 1918, while the sales for 191 -were 5,790.000 board feet more than the corresponding period of 1918. A number of .new lum ber companies have been formed and some of the existing; mills are planning; extensions to their plants. This Infor mation comes from the director or for estry in the Philippines. , . Some of the Wither trades of certain woods are finding- use in the United States and other countries , for fur niture, interior finish, and airplane pro pellers but owing; to the shortage of tonnage, most of the output has been consumed locally with some demand from Chinese markets. . More capital Is being attracted into the industry and there is a demand for logging and saw mill machinery, accessories and supplies. CRUCIBLE FUEL SAVER FOE TO HIGH COST OF LIVING, SAYS INVENTOR Simple Device Placed in Stove or Furnace Will Save 75 Per Cent of Fuel Bill; Made Here. 'The extremely high prices of fuel," says J. C. Proebstel. inventor of the Crucible Fuel Saver. "Is, In a large measure, occasioned by its scarcity, and that Is caused by the high cost of labor. It was these conditions which were the foundation of my Invention. Another potent reason for the scarcity of wood and coal Is the enormous quantity con sumed. Three cords of wood of each four, and four tons of Coal of each five, are now being unnecessarily burned. . I have proven that my crucible saves three of each four cords of wood, and four of each five tons of coal, with an equal saving' in briquets. The crucible has been scientifically tested by such en- OREGON BRASS WORKS, INC. BRASS FOUNDERS AND MACHINISTS Bronze. Brass, Copper, Aluminum 'an 4 Composition Castings, Finishing. Polisn ing and Plating Sash Bars and Brass Railings Seeoad mad Everett Stt Portias'!, Or. Phoaes Broadway S7. AtS7 Hesse-Martin Iron Works 460-474 E. Taylor St Engineers, rpaoden. Mechanics HarUM laaehiBsTT. Contractors' Equip msnt Bawiaill Machinal? M0IFI0 00AST PRODUCTS rOR MOIFIO OOA8T INDUSTRIES Rasmussen & Co. Makers of , Paints and Varnish N. E. Cor. 2d, and Taylor Portland Oregon CONCRETE GARAGES , Cement Sidewalks, Wall,, Floor Get our estimates before the rainy season. CALL SELLWOOD lit ARROW CEMENT LAUNDRY TRAY CO. WNER IN NEED OF SUUH . THINK OF THE OREGON PAPER BOX FACTORY 241-245 Stark St. THE HO MS OP THE BEST AT LOWEST PRICES F. Dielschneider. Prop. ; , MAIN 1BS. Portland Stove Works liANUFA CTURERS OF HIGH GRADE Stoves and Ranges . ASK TOUB BKALEB ORDER-TOUR ADCRLY Now. and wo can t4tw it bast atteathm. Doa watt OBU1 tho cold of Winter. Wo Bsak tfcsm of steal and fcoitef rlrat tbtm, Will last (ordscadaa. J. J. Kadderly ISO FIRST ST. ' ? MAIN 1SSS. E URN AGE ICE MACHINES: From tho Only Complete Factory la the Eatlre Korthweat ARMSTRONG'S : ATtXTTl-aCU ire MArUTMParA THITRMAW ST. lYiCf ..II A JJl A - AaV tTAr&WA , i . . .. . i ,, : : I ' " " Il . glneers as E. C. Morse, Wt East Forty-j second avenue southeast, who says of It : it to the first device I have known to give complete combustion. Placed in a heating stove or flreplaoe. filled with fuel, and its contents Ignited, ' U gen erates ga which burns and this makes charcoal. ; which , likewise -i- burns, and there you have, 100 per cent heat Out of sJfThe fuel you have fed to the device, "Physicians assert it a health; pro moter and firemen recommend it as a safety Invention. All declare it a money saver beyond ' even their?- Imagination, and it has been bought by many whs have their, season's fuel already In their basements, the fact being that now they have a four years' supply instead of one." 1 ' '. ; . These are the asseverations of Mf. Proebetel and Mr. Morse, and they seem borne out by those who have purchased and are using the Crucible Fuel Saver now being demonstrated on Main street between Fourth and Fifth. They are going Into ; numerous Portland homes, and shipments are being made to many eastern states, lit Is an entirely new and scientific idea in the heating lfne. Deposits Grow' in Loan Associations Spokane, Wash., Oct 4. Deposits of the Spokane Savings St Loan associa tion, the' Fidelity Savings & Loan asso ciation and the Cltfxens' Savings & Loan association of Spokane Increased $157, 036.42 during the month of September, said to be the largest Increase for a single month yet reported. One hundred nd fifty new accounts were opened dur ing the month. , ' Have you tasted KNIGHT'S NEW Rogue River CATSUP? It is delicious Ask your Grocer KNIGHT PACKING Portland, Oregon CO. Portland Furniture Mfg. Co. ataktrs of COUCHES. LOUNGES, UPHOLSTERED FURNITURE MATTRESSES AND PILLOWS 1249-1259 Macadam Road Main 809 A-3513 "QUALITY" OUH MOTTO T.W. STOREY Manufacturer of HIGH-GRADE HIV IT IT HIQH SPEED COUNTERSINKS OHIIILI. FUNOHES DIES, ETC HEAT TREAT MENT OT- STEEL OUR SPECIALTY. TEL. EAST 070 SI UNION A VS. H. W. HOECKER SUAOtMOf ts MOORE-MEAGHER COMPANY Strnrt Mstal Jofeblns, SkfllfhU and Osrntcaa, Rooflna, Auto mobile Repair and Vantllatlna 22 ASH ST. , PORTLAND, OR. AUTO DOCTORS W. Cur. 'Em Quick, and Oa Not Rob re. , Consultation FHEEt WILLAMETTE OAS ENGINE A MACHINE WORKS East Sa ana anmald. Beit SSS IR0LISH BREAKFAST TABLES, POLDINO OA MP TABLES, JU VENILE FURNITURE West Coast Specialty Co. MANUFACTURERS FURNITURE AND WOODENWARS 100 North Fifth St, Portland, Oraooe PORTLAND SALTED NUT CO. 173 11th St., Now Morrison. Main 443B. HIDE 15 OBEGOIT" Portland Bolt & Mfg. Co. J. M. rEWELLYir, Mar. SIS 14th Stro.t Korth Bolta. Bods, Upast Bods, Tools. Otaa. rorstasa Boildlni lroaTot Ail fclad Mala S8S. A-83SS. WILLAMETTE PATTERN WORKS Phono East TfS JS1 East Water Street, Portlaad. Orefoa l : PATTERB8 A!fl MU1IKLS OV EVKBT BESCRIFTIOir V1Q H EST UKADE WOBK OVH 8PE BAKKtL'Lb ANU CASKS ' And aD KJodl ff Coops rags at 4 FINhk BROS COOPERABE WORKS iss lladtsoa. Near Brldco. ataia 9li WESTERN TOOL AND DIE WORKS EaUbtlahed 1S& Third near. GHaan. Andy Frits. Met. Tho beef equipped plant on tho coast devoted exclusively to the manufacture of PRESSED AND STAMPED SHEET METAL SPECIALTIES and Dies tor producing- them. . . G. P. Rummelin & Son 0X4 J . seat WsS. l. gMff.. Furriers CV.C. Apple gath . S17CCE890B , Eitab. I?S. Mais 4IL Pacific I Stoneware Co. to Sherlock Are. - Fo-rtlaasV - Oregon t Everytblna; la Pottery AAA vA i .W We BBOADWAT At9U Specialty Manufacturing SCREW MACHINE WORK GEAR CUTTING DIES- Special Tools The finest and most varied ma chine tool equipment In the Northwest j C. MM. C. 984. East 17th Street Sellwood too Keep Tonr Montr la the West PORTLAND WIRE AND IRON WORKS Second and Columbia Sta Main 2000 Manifactarers of Safety Deposit Boxes. Interior Vanlt Equipment, Ornamental Iron for Bank and J Office Buildings, and Mlarallancoui UVH UUU vltre vT vmm fJt U JLlBUIt lMFnOVED DRAG SAW A mw Idsa la tb. erotrh, so haportoat at to almost doubt th. Vatao of tb asaohiaa. Write for eomplst. dtseriptioa. Soa aa for Marine, Steam, Gas and Oil Engine Work and brine tout repairs to us. W. do thlnfa quickly, and har bad loos oxperiaaoo la thai work, '..' Cdast Engine & Marine Works Baeeassora to Sapple Mateortoa foot of East Taylor S4. Rhone East SS4S. Portland, THE W.G.McPhersonCo. Klasteestli and Wllioi Sta, SrlEET METAL AND PLATE WORK FOR SHIPS Thayer. Shaver & Gul ley Machine Co. General Maehlalits and Balldcri of MARINE MACHINERY OF ALL DESCRIPTIONS ftl.tl. EAST WATEB 8TBEET HAS. a. OLSIN, Proa. PORTLAND PATTERN WORKS THE LARBEST AND BEST t EQUIPPED ON THE COAST fioa,. Tabor 47d. rortlaad. Ot. PHOENIX IRON WORKS ' & FOUNDRY ' POBTLAWD. ORIMJOff. Enflnrara, rounders. Machinists. Bollcnaaketa. Buildlnf and Htnietoral Iron -Work. . NoUd for Quick and Satisfactory Rcpatae. . : W. Uuarant. Knryihla. SPECIALTY FOUNDRY & MACHINE WORKS Ssiall Rras asd Iroa Caitlsrt Coatraet Work BoUclUd El 7th and Belmont. E. 3401 THE SILENT NIGHT MATTRESS Onr nw erntlon, flllH with Bilk Fait, sold at SBO aod on 0 nshts freo trisL IT'B TH1 BEST MATTKESa IN TUB WUBLOI . United ManufacturingCo.Jnc. S71 SANOY BOULEVARD. . East 170. Davis-Scott Belting Co. Oreroa Mads Pare Oak TaaatS Leather Belting ' IS8.11S-11S Vsloa Areaae Tel. East rcrtlaad, Oreroa TCIJEPHOMlvS -? . f W. afss.it, Braadway 0o A-SSOS. BsoVPraof rOHTL.ANO UALVAHIZ1KO WOBaV Hot aad eiMtrto Oalraniaon. Copponasitha, MARTIN LEISER, Mtanaear. Offlee and Work. 224 and &od Sta. Portia ad P. SHARKEY & SON Lonjr Straw Horse Collars ' BAST OAK AND UNION AVE. v . Multnomah Trunk & Bag Co. Wkelasal. soaksrs of Tranka, Soitcaso. Bes, 9temyn. Soto Trunaa, Eta. S0-IS & Wat.t St. Pettlaad. Ot. Phoaoa Cast S4.V B-S4SS.' Pendleton Woolen Mills 1 rSBdlttSB, Of. ' AfANUFACTUUKKS OW Pore Fleece AiVaol Blankets ladlaa Be bee, Steastar Br. Bath Be hot , - .' bb Aato Bohes Mox.n BS,SI . per cent i ttada In Portland At!t far t Is We - Beared