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