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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Nov. 21, 1919)
20 THE OREGON - DAILY JOURNAL. PORTLAND, FRIDAY, NOVEMBER 21, 4919. LIVESTOCK PR CES REACH NEW LEVE ATI OCA t L SALES Eighteen-Months-Old Grand Prize Steer Is Sold for $56 a Hun dred Pounds at Exposition. HOG CHAMPION SETS MARK Carload of Poland China Hogs Sold to Swift Packing Co. for $25 Hundred, Total $4790. livestock price records reached a new Pacific coat high' level at the Pacific International Livestock ex position this morning, when it was announced that Baldy, the 18-month-old grand prize Hereford Galloway steer, had beefi sold by the Washington State college to M. J. Oill at $65 a hundred pounds, mak ing a total of $694.40. The highest price paid previously on the coast for Btock of this class was $26 a hundred pounds. Idaho Favorite, a past two-year roan horthorn steer, was sold at a rate of $29 a hundred to Hill & McClelland. The total for this sale was $539.40. A new high level was also reached in hog prices when Chandler A Johnson sold their grand prize hog. weighing 400 pounds, at a rate of $r.O a hundred. In the Bale of breeding shorthorns con ducted Thursday arternoon it was an nounced that the Pacific Northwest Shorthorn Hreeders' association had sold 33 cows at $2r..S3.". an average of $782.72 each, and 22 bulls at $19,575, an average of $889.77. The top sale In the breeder class was made in Superb Prince by Day & Uoth rock to M. R. Higgs of Prinevllle for $3600. The top cow was liittle Sweet heart, which was sold by T. H. (Hide to the American Importation Co. of Chicago for $2200. lylttlo Sweatheart was th ?rand champion breeder cow of the show. A carload of 16 grand champion steers was sold by Kd Coles of Haynes, Or., to Swift & Co. for $4941.20, or $22 a hun dred pounds. Sixteen Angus steers In the two-year class were also sold to Swift & Co. by George Dixon for $3297. A car load of B0 Poland China hogs were sold to Swift by Chandler & Johnson at $4790, or $25 a hundred pounds. Tbumdajr't naif, first figure blng weight.. c ond price prr 100 pound, last total purchase Cattla Kch naif: 1 atwr. IS racnt.lu, Rmerra R. rhamp. Wuh iiigUin RUtn colic, 1240, $50.00, $604.40; purohaMtr, M. J. Oill. 1 ball, 2 er. first prize, Vnlwirrity of Maho. 1860, $20.00, (339.40; purchaser, HU1 MoClollan. 1 heifer, 2 yearn, first pHre, Mr. Bull. Yaki ma. Wah.. 1230. (31.00, $381.30; purchaser, Imperial hotel. 1 ateer, yearling, first prle. fmrernlty of Idaho. 1M0, (11.00. (619.10; purchaser, I'ort larxt hotel. 1 heifer, yearling, neonnd pmo. Mr. Mlrte, I !. t'al.. 13-0, $22.00. (21)0.40; purchaser. Wentarn Meat 'o., Han rrancuco. 1 iteer, 2 yearn, first prixe, grade, M. Por rence. 1340, (23.00, (308.20; pureliaser. Swift ft Co. 1 calf, ateer. first priwt. W. J. Toirnley, Union. Or., 870. (21.00. (182.70; purchaser. Barton. 1 calf. aUer, second priae. Tnirersity of Maho, 1170, $30.00, (421.20; purchaser. Swift & Co. . . 1 calf steer, third prize. University of Idaho, 10(10. (20.00. $304 60; purchaser. Swift St Co.. Vancouter. 1 steer, grand champion. Ijewtston-Calgary Turtice Cattle company. 1H20, (31.00, $564.00; purchaser, Barton & Co., Seattle. I steer, second priae, 2-year-old grade. Town ley, 1200. (20.00, (240.00; purchaser, Port land hotel. 1 steer, second priae, 2-year-old. grade, Town-1-y. 1050. (18.00. (180.00; purchaser. Caras tens. Tacoma. 1 6 steers, car lot, grand champion. Ed Coles. ITaynes, Or., 22.460. $22.00, (4041.20; pur chaser. Swift Co. 18 steers, first prize, yearlings, Townley, Union. Or.. 17,000. (18.00. (2884.00; pur chaser, Bterrett Packing company. 16 steers, second prize, 2 year-old, George Wckson, I'rineTllle. 18.840, (17.50. (3207.00; purchaser, Swift St Co. 18 stoera, third prize. 2-year-old grade. Town ley, Union. Or. 10.600. (12.50. (2461.25; IHirehaser, Bterrett St Co. 16 steers, first prize, feeders, S. Steams. 20.680. (14.00. (2895.20; purchaser. J. W. Darts. 1 8 steers, second prize, 2-year-old. Cole Sc lKid. 10,000. $10.50, $2089.50; purchaser. Willard Commission company. Hogs 1 hog. grand champion. Chandler St Johnson. I.a Grande. 100, $50.00. $200.00: purchaser. Serier Weed. 60 hogs, car lot, grand champion. Chandler A Johnson. 19.160, (25.00. (4700.00; purchaser. Swift ft Co. 50 hogs, first prize. Light Stonn. Henniston, Or.. 10.060, $20.50, $2062.30; purchaser, Swift ft Co. GO hogs, second prize, hear? Kastern Oregon express station. Union, Or.. 15.420, (10.75, (3045.45; purchaser. SleTter ft Weed. SO hogs, second prize, lights, Robert Nelson, Yakima, 10.500. (20.25. (2126.25; purchaser. Hterrett Packing company. 8 hoga, first prize, pen, heavy. 710. $18.00, $127.80; purchaser. Serier ft Weed. 3 hogs, first prize, lights. Willard. 610, IIS.BO, (IW.85 purchaser. Swift ft Co. 3 hogs, second prize, pen, lights, Robert Nel son, 1. (17.25; purchaser, Bterrett Packing com ny. S hogs, second priae, pen, heary. Oregon Agri- MISS MARGARET HAHN TO WED NEWSPAPER WRITER I s''t ''. ft" f h' , I I f -'pi', ?' r'ff'r, ,4 ,'" I 1 4 ili",i I & ' "it Vf fill In m iiiii nurtninaw-1 -r . POMD BANKS STATE LAW MAKES NO LICENSE PIAHS THEIR DEPOSITS Trucks Above Five-Ton Capacity "Can't Claim Right to Use Highways." Seth T. Bailey Announcement is made of the engage ment of Seth T. Bailey, formerly of this city, and Miss Margaret Hahn of San Francisco. Bailey is well known in Portland, where he has made his home during the past few years. His parents live att326 Sherman street. He served In France with the Sunset division and while overseas wrote the series of letters which has since become known as "Henry's Tal to Henry." He participated In the big advance during August, 1918, when Soissons fell, and was gassed and wounded and Bpent some time In tne hospital, later returning to the front for further service. He also went with 'the army of occupation Into Germany. Bailey was attached to the staff of the Oregonian before goink: overseas and later was with the Portland Telegram. He is now with the San Francisco Chronicle. Salem, Nov. 21. What is to become of the big truck of more than five ton carrying' capacity in Oregon? That Is the question that is staring in the face the owners of these leviathans of the public highway just now. Heretofore he state has been licens ing trucks of this size at $5 per year, but it has been necessary to secure a permit at $8 per month from the county court before the trucks could use the public highway. The last legislature made no provision for the licensing of these large trucks In passing Its revised motor vehicle law. In fact, a mlximum carrying capacity of five tons is specified in the 1919 law. An interpretation 'of the law by Assist ant -Attorney General Van Winkle for the benefit of the secretary of state's office fails to uncover any loopholes whereby the big trucks can claim a right to recognition on the public thor oughfare. Three applications for the licensing of trucks of more than five tons' capacity have already been received at the auto mobile registration department of the secretary of state's office and more are expected, as there are probably 100 of these trucks in operation in Oregon at this time. NEWS OF THE FINANCE, INDUSTRY AND ENTERPRISE WORLiD FwiirivfD Financial Institutions in City Show Healthy Gain Since Last Report Submitted Sept. 12. MAKE NEW HIGH RECORD Twenty-One Out of 23 Have Increased Deposits Amounting to $9,564,990.23. Horse Attached in Lawsuit Wins First Prize at Big Show New York. Nov. 21. A deputy sheriff and a lawyer were present In the guise of attendants at the horse show in Madison Square Garden tonight, when Miss Elearore Sears of Boston rode her ribbon winning mount, "Radiant," in the class for saddle horses. The horse had been attached by Alex Genimel of White Plains, who claims that Miss Sears owes him $940 for the care of four thoroughbreds. Miss Sears disputes the claim. Gemmel's agents had threatened to prevent the showing of "Kadlant." but relented when the management appealed to them. A bond was furnished later and the attachment was lifted. "Radiant" took first prize in the class entered for theBiltmore cup. SUCCEEDS MeNAfGHTON ON INDUSTRIAL COMMISSION Salem. Nov. 21. W. t,. Brewster of Portland will succeed E. B. McNaughton, also of Portland, as a member of the Industrial welfare commission when the latter's term expires. January 1, accord- ing to a statement by Governor Olcott. Thursday. McNaughton has asked that ; he be not reappointed on the commission as other interests prevent his attention to the affairs of the welfare body. In response to the call for state ments. Issued by the comptroller of the currency and the Oregon state banking department, for the condi tion of national and state banks as of Monday, November 17, Portland banks show a substantial increase in deposits over the last call as of Sep tember 12, and thereby establish a new high record. Twenty-one of the 23 banks show total depositn of $170,400,522.47, a gain of $9,564,990.23 over the previous call. The gain in loans and discounts is $10. 848,449.02 over the total of September 12. The figures are as follows: Northwest Finance Corporation Eaises Capital to a Million Salem, Nov. 21. Capitalization of the Northwestern Finance corporation of Portland has been Increased from $200, 000 to $1,000,000, according to a cer tificate filed with the corporation de partment here Thursday. An increase in the capital stock of the Inman Mines company of Bandon. Coos county, from $100,000 to $150,000 was also recorded Thursday. The Ourrey Ball Bearing company of Portland, capitalized at $25,000, filed ar ticles of incorporation. The incorpora tors are C. E. Robinson, George O. Mc Croskey and E. P. Currey. Resolutions of dissolution were filed by the Palmer Logging company and the Moore-Meagher company, both of Portland. mm MARKS SPECULATION IN THE STOCK MARTS Advances Are Made in the Active Stocks Ranging From Three to Twenty-three Points. MONEY AT SIX PER CENT Th exchange! rate is a simple prob lem of balancing the scales. Nothing will correct It but active trade. The covering movement In the stock market Is not due to the running of professional traders so much as to the replacement of long stocks sold by im portant Interests. For this reason the so-called covering movement now in progress Is likely to continue for a con siderable time. Employes Subscribe For Block of Stock Employes of the Goodyear Tire & Rub ber company have subscribed for $6,500. 000 of the new $40,000,000 stock Issue of the company. Opportunity to purchase the stock has been given to all workers and about 15,000 have subscribed, offi cials of the company assert. In recent years several thousand workers have become stockholders. Spokane Legion Grgws Spokane. Wash., Nov. 21. The Amer ican Ieglon in Spokane has passed the 3000 membership mark. The shooting at Centralia on Armistice day added many members. Gladstone Has Hot Road Debate Coming Gladstone, Nov. 21. What it is be lieved will be the warmest debate of the present road bond campaign is to take place in the Gladstone school audi torium tonight between C. Schuebel, de bendlng the bonding plan, and Harvey G. Starkweather, opposing it. Schuebel asserts he will expose the opposition to the bonds, which, he charges, emanates from a paving trust. Bledsoe Is Released Eugene. Nov. 21. Charges against J. I. Bledsoe of Yakima, who has been in the county jail three months on a war rant sworn out by A. N. Casey of Yakima, who alleged Bledsoe ran away with Casey's wife, were dismissed as Casey refused to appear as a witness. HEl'EL IS TO IRRIGATE 167 ACRES OF LAND NEAR JOSEPH Salem. Nov. 21. The irrigation of 367 acres of land near Joseph, Wallowa county, is contemplated by Peter Heuel of Joseph, who has filed with the state engineer's office an application for per mission to appropriate waters from Lit tle Sheep and Big Sheep creeks. The Wrenn-Dobbin Hitch company and the Dobbin Ditch company of Joseph have filed application covering the ap propriation of water from the Wallowa river for the irrigation of 257 acres In the vicinity of Enterprise. GRAVITY WATER SYSTEM PLANS ARE FORWARDED TO SALEM Salem. Nov. 21. Plans and specifica tions for a gravity water system for the city of Heppner have been forwarded to the Btate engineer's office for approval by the state board of health. Plana for a sewer system at Seaside have also been filed with the state engi neer for approval. Elks Initiate Officials Salem. Nov. 21. A class of 125 candi dates. Including several state officials, was initiated into the mysteries of the local Elks lodge Thursday afternoon and evening, the initiation ceremonies being followed by a banquet. cultural oollfge. 1100, $17.50. 208.25; pur chaser. SeTier &. Weed. 3 hon. third priae. pen, heary, Willard, 1280, $18 00. $230.40: purchaser. Bodine & Clark. 8 hogs, third prize, lights. Hay Fox, lyona. Or., 610, $18.00. $100.80; purchaser, Bodine & Clark. Sheep 1 wether, reserve grand champion, Washington Agricultural college. 210, $28.00. $58.80; pur chaser 8wift Sc. Co. 1 long wool champion, Oregon Agricultural college. 180. $22.00, $39.60; purchaser. Swift St Co. 1 wether, first prize. Oregon Agricultural col lege, 180. $20.00. $36.00: purchaser. Western Meat comtatny. 8an Franciftco. 3 yearling, first prize, pen, Oregon Agricul tural college, 4:20. $15.50. $65.10; purchaser. Sterrett Packing company. 4 lamhs, medium wool, Washington State col lege. 640. $16.50. $105.60; purchaser. Western Meat company, San Francisco. 4 lamb, second prize, pen long wool, Wash ington Agricultural college, 550, $15.50, $85.25: purchaser. Sterrett Packing company. 2 wethers, long wool, T. C. Kirby, 200, $14.50. $42.05: purchaser. Swift & Co. 3 wethers, long wool, T. C. Kirby, 810, On Wednesday, Dec 3, 1919 The United States Spruce Production Corporation will offer FOR SALE AT PUBLIC AUCTION at the Cut-Up Plant, Vancouver, Washington ALL MACHINERY AND SUPPLIES on hand at that date Material will be delivered F. O. B. Cars at Vancouver Wash or the Cut-Up Plant. One-third CPSH to be paid at the time each sale is made Balance by CASH or CERTIFIED CHECK as soon as order can be writ ten up. MACHINERY CONSISTS OF Shafting, Pulleys, Boxes Filing Room Equipment! Five 3 Drum Hoists Conveyor Drives Pumps Lath Machinery Saw Arbors Gas Engines Steam Cant Flipper Siwdust Chain Engines Lor Kicker Saw Mill Carriages Electric Motors. Three 60x16 Boilers One Yates 24x30 New 440 Volt One 54x16 Boiler . Timber Sizer Transformers. 440 V. Six Myers Bull'Dozer Saws Band & Circular to 220 or HO V. Deep Well Pumps Air Compressor Tanks Railroad Jacks, Railroad Brick Setting . Air and Steam Hose Hand and Push Cars Steam Headers Wood Tanks Railroad Switch Lamps Two Bo:Ier Fe., Plim. Vlv. Fitting Pin- 0le Poer Plant com- 0 T,,er f eed p"nP Valves, Fittings Pipe p,ete j of. Iron Conveyor Trough A Large Stock of Two72xt6 Boilers each Steel Floor in front Mild Steel with Stack and Fittings of the Boilers Horseshoes Three 66xl6 Boilers Boiler House enclosed Horeshoe Nails and each with Stack and with Galvanized Calks Fittings. lron Suspects Held in Salem Are Freed; Alibis Established Salem. Nov. 21. Walter Larson and Ed Coffee, held here on suspicion of being Implicated In the Armistice day ovtrage at Centralia, Wash., were re leased Thursday night after a grilling examination by Deputy Sheriff Pres ton McDonald and J. C. Hempe, Amer ican Legion representative, who came from Centralia to investigate the men. Both Larson and Coffee were able to establish satisfactory alibis and re marks attributed to them and which led to their arrest as members of the I. W. W. were explained away when the men were given a chance to speak for themselves. Firnt National t'niUtl Stat National Northwestern Natioi al I,add Tilton Bank of California Canadian Bank of Commerce. Hibernia Karlngs Bank Security SaTlng and Trust. . . Stat Bank of Portland Citizen Bank Peninsula National Ueorco W. Bate A Co Bank of Sellwood Hartman A Thompson Broadway Bank Ashley i Rnmmelin Bank of Kenton . MonUTilla Salines Bank Multnomah Btate Bank Bank of Kast Portland lirst National of Linuton. . . . Tepoit. .1 30. 438. 1M. 99 41,614.820.13 J7.5P4.32S. 94 2.2f2.fiS4.72 7,719.354.47 5,7H5.89R.V9 ft.212.4fll.31 4.124.311.37 3.581.162.53 2,192.727.04 1.666.003.20 1,351,415.37 561.246.74 486.134.40 275.925.08 607.420.6.". 802.375 33 303.343.32 325.200.39 310.795.35 257.028.15 Loans and Discount. i 25.597.917 09 22.417,910.20 18.500.096.79 19.474.861.30 7.431.803.91 7.802.S4.4 3.209.594.99 2.692.238.04 2.226,365.13 1.296,422.17 969,663.72 841 ,271 .55 361.474.44 245,245 75 46,208.89 415.086 91 613. 826. 7-7 270.723.29 216.579.49 207.647.69 1.57,504.12 Great Buoyance Is Exhibited Throughout Day; Failure of the Treaty Has No Effect. Philippine Peso Is Held; at Discount The Philippine peso, supposed to b equal In value to the American half dollar, is at a discount. This Is attrib uted to large subscriptions to Liberty loans, the withdrawal of American troops from the islands, with subsequent reduc tion of expenditures of American money, and to the fact that the balance of trade has swung against the Islands during the last six months. FOREIGN EXCHANGE RATES Corrected daily by foretap dpami, Lnlted State National bank. Opening nominal rates for bank transactions: Starilnc mads a new low rcoawd at $4.03 Just hefara the close, i Checks 4.04 9.67 2.25 12.27 20.50 21.70 London, pounds starlinc Pari franc Rorltn. marks Genoa, lira Copenhagen, kroner . . Christian!, kroner . . Stockholm, kroner 22.50 Honckong. local currency. .100.60 Yokohama, yen 80.85 Cables 4.05 U 65 2.3-4 12 25 20 40 21.80 22.60 101 50 51.00 PACIFIC COAST BANK STATEMENT 3 f Clearings Monday S Tuesday .... Wednesday. . . Thurdy Friday Portland Sank TM WeeV N.81fl,S9 70 4.4P9.999.B1 4.419,387.94 5,599.724.08 5,523.577.48 Tear Ago. 7 130.848.41 tl. 405. 884. 27 6.008.132.04 8.785.471.69 6.093,172.13 Totals 1170.400.52 JH5.021.3S6.28 Convict Exonerates 3 Men Charged With Robberies at Salem Salem, Nov. 21. Frank Wagmer, serv ing a 40-year sentence in the state prison here for the robbery of a store at As toria several months ago, Thursday con fessed to the robbery of the Smith's Fontaine store at Jefferson on Juno 1, and the Julius Aim's clothing: store and Syringe's & Bank's grocery storeflatt Silverton the night of June 25. The fcin fesslons made in the presence of Sherflf Needham and Deputy Warden Tally of the state prison exonerated Louis Tebeau and Howard Coffmafi, who were being held on suspicion of complicity in the robberies at Jefferson and Silverton. Veteran of World War, 71 Years Old, Claimed He Was 44 Roseburg. Nov. 21. J. E. Inman, 71 years old, veteran of the late world war, is a business visitor in this city. Inman made application as an instructor in blacksmith ing, and succeeded in getting into the navy by passing as 44 years of age. After five months of service someone tipped it off that he was much older, and he was retired to accept a position with the state police for Oregon. Driving a car, he la making the Oregon territory for the Western Magazine, and likes it fine. He says business is good, because he makes it good. Chamber Prepares Data on Firms in Southern Countries The following list of importers, ex porters, dealers, etc., in Latin American countries may be obtained from the foreign trade department of the Cham ber of Commerce by referring to the titles and file numbers given : Exporters of natire Cuban products, Ms- tantaa. Cuba 39 Dry goods importers. Monterldeo. Uruguay 9734 GoTernment contractors Importing iron and steel, oil, chemicals, machinery and hardware, Brazil 9881 Importers and dealers in men's clothing. Chile 8882 Colombian firms who import from the U. 8 883 Flour mills in Chile (market tor cotton bags) 9884 Furniture importers, Mexico 9885 Leading Mexican newspapers - .. 9886 Furniture manufacturers in Monteideo, I'ruguay 8898 Consumes of cotton yarn, MonteTideo, L'ruimay 52?S Flour mills, MonteTideo, Cruguay 9900 Machine shops in Montefideo, I ruguay.. 8901 Importers ot machinery and supplies in MonteTideo. I'ruguay 9902 Manufacturers of cigarettes in Monte video. Uruguay 9903 Importers of iron, steel and other metals, Montevideo. Uruguay 8904 Importers in Guatemala City, Guatemala. .9906 Exporters and importer. Salvador 9907 Lsers of woodworking machinery, urazil . . Lumber and ox factories who may import woodworking machinery. Paraguay . . . Importers and dealer in lubricating oils in Mexico Exhibitors at State Livestock exhibition held April 21-30. 1919. San Taulo. Braril 9911 Lumber dealers and importer. Mexico . . Sawmills, planing mills, etc, using wood working machinery. Dominican Re public Concerns interested in woodworking ma chinery. Central American countries. . Lumber dealers and importers, Cuba .... Technical schools. Pern Importers and dealers in machinery and machine tools, Mexico ' 9917 Exporters and importers. Honduras 9918 Importers and dealers in olive oil, Mexico 9919 Automobile dealers and garages. Para and Manaos. Brasil 111510 Commercial directory of Paramaribo. Lmtch Guiana 126136 lows: Time loss, $1,925,247.32 ; medical aid, $836,478.16 ; pension, $380,365.94 ; burial expense. $44,749.07 ; administra tive expense. $397,444.27 ; cost of organ ization. November 6, 1313, to July 1, 1914. $20,601.17. Lieutenant B. W. Maynard winner of the recent transcontinental air race, an nounces that he expects to start within a few days on a one-stop flight from coast to coast. By Broadan Wall New York, Nov. 21. Speculation proceeded on an extensive scale in Wall street with advances from 3 to 23 points irr active stocks!. Money which was 20 per cent last week, was offered at 6 per cent, In ex cessive demand. Cotton was strong also, the two active options advanc ing above $5 a bale. Sterling broke to a new low record level at 3.99 '-i. At the opening there was a break av eraging about two points, due to the sentimental effect of the failure of the peace treaty to pass the senate. The strong banking interests of the street, however, had pledged themselves to pre vent a panic and to cause a resump tion of the advance. They therefore bought stocks in great volume and with in half an hour the market was moving upwards and at a rapid pace. Before the day closed great buoyancy was exhibited in many stocks. General Motors accomplished an extreme move ment upward of 23 points. Crucible of 1!, American Tobacco 10, Mexican Pe troleum 9, Rubber 6Vt and others all the way from a point to 4 or 5 points. United States Steel, which is the key of the whole market, had a gain of 3 points from the low level of the morning. This is an uplift of 4 points for Steel from the low level price established on Mon day. The advances from Wednesday's low to today's high were from 4 to 30 points in the general list. The close of the market was strong, with the buying coming from the strongest houses of the street. These are the interests that were technically short of the market on the decline. Sinclair Oil, which sold at 64 Just before the raid was made on the market last week, and 48 Wednesday, recovered to 60 today. Failure of the peace treaty did not cause the decline in sterling. State Banks Asked to Report Salem, Nov. 21. A call for a report of the condition of state banks in Oregon at the close of business November 17, was Issued this morning by Will H. Bennett, state superintendent of banks. Spokane Sank Clearing! Kndsv 2.4 1 4,4fl.On Balances Friday 1. 090.1 S. 00 . Seattle Banks Clearings KrVUy . 7. t 00.24 3.011 Balances Friday 1.53.23.00 an Francaco Banks Clenng. Frktoy -. 380.258.00 Lot nie:e Banks Clearings Friday 1 0.537.51 3.00 LIBERTY BOND SALES Friday- First 4s Second 4s Fir t 4 r , Second 4ts .. Third 4 s Fourth 4V8 Victory 4Vs Victory 3s 99 26 market at the following prices: Close Open High l.ow Close Thtmday .tloo.OA Jioo 12 sinii 04 $10012 S100 04 94 30 94.40 94.30 94.80 94.20 ... .... 92.30 92.40 94 50 94 58 94 50 94.50 94.50 92 84 92 88 92 70 92 70 9a. 00 94. H 4.3 94.2" 94.20 03.34 1'2 94 92.94 92.70 02.70 H2.B4 99 28 99 21 99 24 99.24 99.24 99.26 99 30 99 24 99. 2N 99.26 Short Term Gold Bonds of Province of Saskatchewan Three and one half years due July 1, 1923. Principal and neinl , annual interest payable In gold in New Tork city without deduc tion for any Canadian taxes. Direct general tax obligation. Kull details furnished on request. Call or phone. ' 4 bonds at discount price to yield 6 Wire enters collect." verrvaee reaaeste Freeman Smith & Camp COc KCONO FLOOR HOfTTH WESTERN BANK BUILDM Main 64S 9908 9909 9910 9912 9913 9914 9915 9916 NDUSTRP iL ACCIDENT COMMISSION HAS BIG FINANCIAL SURPLUS Sum of $241,812.68 on Hand June 30, After Meeting Lia bility Needs of Present. Pendleton Tax Levy Next Year Fixed at 11 Mills by Council Pendleton, Nov. 21. The city council. Wednesday night, placed Pendleton's tax lery at 11 mills to meet next year's expenses. Nine mills will be spent for general purposes and 2 mill for streets. The budget estimate Is for $73,000. The city also decided to build some of its own sidewalks. This is mad necessary, because local contractors object to speci fications for crosswalks submitted by the city engineer. The council upheld the engineer and empowered the street committee to build crosswalks by force account. Salem, Nov. 21. After setting aside suficlent funds to take care of all its liabilities, the state industrial accident commission had a net surplus of $241. 812.68 pn June 30. 1919, according to an examination and audit of the indus trial accident fund by J. W. Ferguson, certified public accountant and a mem ber of the commission. Commissioner Ferguson's report cov ers the period since the commission was created in 1914 down to June 30 of this year. It shows that the commission has set aside in the segregated accident fund the sum of SI, 820,994.56 to take care ot the fatal and permanent par tial disability claims which have al ready been adjusted, while there is a balance of $1,057,489.66 in the general accident fund. BOSD8 DBAWI5C 175 TEHEST On June 30 the commission had $2,785,872.67 invested in interest bearing bonds and $92,611.55 cash on hand, mak ing total ledger assets of $2,878,44.22. In addition it had non-ledger assets and accrued interest on bonds amounting to $76,328.35, making total assets of $2,954,812.57, while the total liabilities ran up to $2,712,999.89, leaVing the net surplus of $241,812.68. In the five years of its existence the receipts of the commission have amounted to $6,483,370.11. Of this amount $606,867.78 has been appropriated by state legislatures, $5,167,520.75 has been paid in as premiums by employers, $528,272.14 has been paid in as premiums by workmen, and the remainder rep resents Interest on the various funds and penalties assessed against delinquent employers. Disbursements in the five years totaled $3,604,885.89 segregated as fol- Bonds of Good Diversification BOTH the small and the large investor will find in the list below the securities which fit his purse and his purpose. MUNICIPAL BONDS Amount Security t 3l,000x State of Idaho Highway Bonds 30,81 3xPortland, Or., Improvement. 1,000 Port of Umpqua, Douglas Co 4,000 Port of Umpqua, Douglas Co 4,000 Clear Water Co.. Ida.,N.F.H.D 4,000 Clear Water Co., Ida.,N.F.H.D 9,000 Clear Water Co., lda.,N.F.H.D 4,000 Clear Water Co.. Ida.,N.F.H.D 40,000 City of .Medford.Or., Refundin 1,200 City of Pocatello. Ida., Imp.. , 34,000 Ochoco Irrigation Dist, Or.. 169,000 Warm Springs Irri. Dist., Or. All above bonds entirely exempt 4. Ye .6 .5 ,S To SHrc g 6 ro , .612 .6 6 Due 1937 1925 1943 1944 1936 1937 1938 1939 1933-34 1922 1931-38 1938-47 Price Yield 97.68 4.70 106.06 4.90 100.00 5.00 100.00 5.00 106.16 5.20 106.38 5.20 106. 58 5.20 106.78 5.20 107.28 5.25 101.70 5.875 101.00 5.88-91 101.00 5.91-925 from Federal Income Taxes. RAILROAD BONDS $10,500 Cleveland, Cincinnati, Chicago & St. Louis Ry. Co. (N. Y. Central) 6 SHORT TERM GOLD NOTES 1929 96.00 6.55 2,000 Maytag Co. Gold Notes 6 3,000 Maytag Co. Gold Notes 6 3,000 Maytag Co. Gold Notes 6 5,000 Brazil Traction L. & P. Co 6 1923 1928 1929 1922 98.00 6.60 95.05 6.75 94.65 6.75 97.50' 6.94 PREFERRED STOCKS $20,300 Pacific Power & Lt. Co 7 100.00 7.00 CORPORATION BONDS 10,000 Kentucky Utilities 1st Mtg 6 7o 1924 95.84 7.00 CLARK. KENDALL 6 CO. INC. nrm am stank rram-poimAM num jf An Oregon Municipal Yielding S.20 $75,000 PORT OF NEWPORT . LINCOLN COUNTY, OREGON Gold 5 Bonds Direct obligation of district of 270,000 acres induing town of Newport, vast area of productive agricultural land and one of finest bodies of timber in Oregon. Bonds due serially 1929-1943 PRICES for the various maturities TO YIELD 5.20 Full details on request ' umbermerNs' Borxds -Trusts- Acceptances -prrmj a, surplus vo. SfeTV n-&rCtCO- lurai 6(4. Por1 and. Oraqorv. rust do. If You Would Be a Success in a chosen field of work you must obtain a comprehensive view of the business world in general and a far-reaching knowledge of the best modern methods. This is more true of those in the financial field than in any other, for they must be competent to give trustworthy adviceto many different classes of people, and to settle perplexing problems in both business and finance. Realizing this, more than forty employes of the Ladd & Tilton Bank are taking the finest business course offerecjjn America that of the Alexander Hamilton Institute. That is a greater number than in any other bank west of Chicago. The public will recognize that such study will mean much in the way of helpful bank ing service in future years and a greater un derstanding of the problems daily met in the business world. Ladd & Tilton Bank ' Oldest in the .Northwest Washington and Third FEDRAL RESERt Bordeaux Price $92.50 FRENCH CITIES l.joaa MiricllUt EXTERNAL LOAN To Net 6.80 AMERICAN GOLD g Peve re a ux m p a n y 87 Sixth Street Broadway 1042 Ground Floor Well-Fargo Building GOVERNMENT, CORPORATION AND MUNICIPAL BOND S TO NET FROM 5 TO 7 PREFERRED STOCKS LOCAL SECURITIES ROBERTSON & EWING 2074 NORTHWESTERN BANK BLDG e
