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