w ;
COATS CRASH imO :
Paper , Mills Enabled .to Resume
' Business on , Willamette by
Breaking Up of Ice on Stream.
Lika polar explorer bucking tha
floes of tb f rosea north. so did the
"Willamette Navigation company's
boats crash Into the mass of ice that
ohoked y' thY Willamette river last
week at the Narrows, above Oswego
and Oak drove. ' ,
V The battle with the Ice" was concluded
Saturday, and remnants of the pack. In
f ragmenta large and small, floated freely
i down the open channel, driven by the
; warm chlnook wlrni and hastened by
the swollen and rapid current. '
ISOLATED BT BIO STORM
h The paper "mills were completely Iso
la ted by the big frees, as practically all
' of their business is carried on by means
' of the river fleet Paper Is carried down
to Portland, and fuel oil and logs out
of which the paper Is made, are taken
w back., ;;. . - ' ' ,
The tleup of the river fleet also in
convenienced way points between Port
land and Oregon City, and Portland
' - and Camas, which depend on the steam
ers' for general freight
. Moderation of the weather apparently
served only to aggravate shipping
troubles, for the level ice broke into
.cakes and jammed at the log booms on
the Oswego side of the river, the forma-
tlon gorging the channel and piling vp,
' ICB IS FEET THICK
Much . of . the ice was 12 feet thick.
Weighed Iown by the heavy snowfall
and the other ice that came down and
piled' on top of that already formed,
. the river' was almost solidly frozen in
some' places.
'f: As soon as the weather showed signs
of moderating the paper mills fleet be
gan smashing a channel. Sheathed in
y. sheet Iron the .wooden hulls were not
v damaged in. the drive on the thick Ice.
. Dynamiter not by pounds, but In tons,
, was used. Members of the crews of the
. steamers; of which two or three, in
- .. use each day, "bulldogged" the Ice with
:" top charges. As soon as the explosion
'occurred one or another of the river
boats' Would nose in, push the residue
out into the current and back away
. for another set of shots.
GATES FORCED OPES
. In the meantime other trews -worked
at Oregon City on the frosen locks, and
-with saws and explosive, succeeded In
forcing ' open the gates Friday week.
Saturday the last of the ice was broken
out and it is believed that with the
warmer weather and the rising water,
. which means current, the Ice trouble!
' .are over.
.-Near Oswego the ice was Jammed so
high and so thickly that , the river was
running around the ends of the dam. out
.of its banks.
t 1 i.
SIX HUGE TANKERS LAUNCHED
Biff Frelahters Go Out on Tide With
..' out a Hitch.
Oakland, Cel., Dec 20. (V. P.) His
. tory . was made and the world's record
. for successful ship launching estab
lished at the Moore Shipbuilding yards
here today when six huge tankers and
freighters were launched within an hour
on one tide without a hitch. Over 5000
people' crowded the yards as Secretary
ot war Bauer in Washington pressed an
electric button which flashed the release
of .the Sallna, the first to be launched.
'Each vessel was launched on the mo
ment . of Its scheduled departure.
Promptly at 10 :55 the Jalapa, the sixth
and final steamer, majestically Joined
her five sisters.
, TRAFFIC DELAYED TEN DAYS
Ice Frozrn Solidly In Columbia Above
1 - Willamette River.
t Ice In the Columbia river above the
" mouth of the Willamette is frosen so
solidly that river traffic to Vancouver
and beyond cannot be resumed within
.,, 10 days, according to officials of the
. ;. Harkins Transportation company.
: 1 The steamer Jessie Harkins was taken
.; to the mouth of the Willamette Satur
day morning and a big accumulation of
'i milk and cream and other things usually
loaded at the way landings was picked
, up. .
' The Columbia, at the mouth of the
,: Willamette, was found to be frosen clear
Soroiis. "solid blue ice," according to
Captain L. Hosford. The Harkins' reg
, ; ular run Is to Camas and Washougal,
TAH RFOBT ATIOH
IP
MIRALUNSL
. "OITt Of TOM A" '
80 from Portland 9:00 P. M. December 23
for Norta Bend. Marahflekl, Eureka and San
Fraaebeo.- conn c tine with steamers to Los
Angeles -and San Dtego.-
... ; :h"umo"
' ' for abora porta December 2.
TO ALASKA FROM SEATTLE
a. S. "ADMIRAL WaTSOf" to BewW snd
jr -war porta, Deoamber 2T, . . '
tick it errieg 101 third rr.
PraiaM Office Munlcraal Dot. No. a.
Phene Stain asst.
MOiriO tTIAIMHIP COMPANY.
S. S. ROSE CITY
- DEFAKTB IS BOOH
: Saturday. Dec. 27
illiEfS'S Ffesv Ataawarta sek'M,.J.
' Fare Isclatts Berth aa Mealt
City Tkktt Of flee," M A Waaatagtei
. rasas Main 88 .
.Frelgkt Office, AlaiwerU Back
fl - Fheae Bread way i -Saa
Fraselaee Pertlaad 8. 8, Ltsea
AUSTRA
NIW ZIAIAND JefID SOUTH SEAS
Via Tahiti se ftarstenga. Mall and eanfr
Service frern San Prenelte gvery tS Days,
- union . ee, or new Zealand. -
. iS Oallfarnla SU, San rraneie i
Or Lscal etesmthlp nd RaHrosd Ainmms.
irnia!vfA4j
OPENING THE. RIVER Tp OREGON CITY
ii Til ii i mi ii i ii " mi 1 j ii j i. -. i 1 1 S ." t 11 -' 1 ", ' '". '
W V - ' ' ' T'-. r " - 'A zA
I'll 1 V- "-J
11 3 ,i:g&
Vessels of the Willamette Navigation company spent most of the week bucking and blasting a passage through
the jams of the river above Portland that the business with the paper mills at Oregon City might be re
sumed. Above River steamer heading into the ice while members of the crew drill to blast. Below Eight
dynamite shots open up 300 feet more of channel.
but no attempt to open the line will be
made for at least 10 days, it was said.
The steamer Lurline of the Portland
Astoria service of the Harkins Trans
portation company started down the
river Friday morning, was knocked
about and damaged-by the Columbia ice
the same day, left down from St Hel
ens Saturday morning, and at a late
hour the same evening had not been
heard from. The Lurline's steering gear
and wheel were damaged, and this may
h&va iaomethln to do with its slow
progress.
The steamer tTndlne runs opposite the
Lurline to Astoria, and her operators
say no attempt will be made to start
her again until the Columbia gets in
better shspe. The Lurline will be left
at Astoria when she arrives until the
channel clears up.
WEST CAYOTE MAY CALL HERE
Steamer Is Bound From Seattle to
' European Ports.
If sufficient offerings are available.
the steamer West Cayote. a shipping
board vessel operated in the European-
Pacific service of Williams, uimoad
no. will call in Portland toward the
end of next month, according to the Columbia-Pacific
Shipping company, local
representatives.
The West Cayote. whose cargo; will
originate at Seattle, will go to London,
Liverpool and Rotterdam.
Montague Loads Cotton Cargo
Fifth of the boats to start from this
port In the Portland-Asiatic service of
the Paclflo Steamship company the
Stand If er steamer Montague will f con
clude Its cargo at St. Johns terminal
this week, and leave out about Decem
ber 26. The Montague is now loading
cotton, close to-' 8000 bales of it in all.
and the cargo Will be one oi tne mosi
valuable ever carried out of this port
Brookwood Bound for England
After freeing herself from the Colum
bia river Ice In which It was imprisoned
for more than a week, the wooden
steamer Brookwood reached westport
Saturday and will load a few more ties
before proceeding on its voyage to tne
United Kingdom. The Brookwood came
in to Portland almost loaded to get its
fuel coal because none was available on
Grays Harbor.
Manham Loads Flour for New York
The steamer Manham, brought here
from Seattle to load a cargo of flour
for New York, was shifted from the
Crown mills to Albers dock No. 3 Satur
day afternoon, and will continue its
loading Monday morning. Tne Man
ham will finish the latter part of the
week. She is operated locally by . the
Columbia-Pacific Shipping company,
ALL ALONG. THE WATERFRONT
The) steamer Multnomah' of ths Mc
Cormick flet, after leaving the drydock
Saturday, went to- the oil docks, and
today will probably go down to SU Hel
ens to start loading cargo for the South.
After discharging their cargoes of oil
at Wlllbridge the Standard, Oil tanker
Atlas and barge No. 93 left down at
11 o'clock Saturday morning '
The steam schooner Celtlo of tne Mc
Cormlck fleet left down from St. Helens
with cargo Saturday afternoon.
The flreboat David Campbell was
called to the Portland Lumber company
on a wild goose chase Saturday after
noon, Just before the siren began ' blow
ing the general alarm for the fire at
the Kaola slant, in North Portland. The
boat was Just returning to its berth when
the general alarm came ln. ; K
' An examination of the bottom Of the
shipping board steamer Siletz, damaged
five weeks ago in grounding in th lower
harbor, was made on the St. Johns dry
dock Saturday and her Injuries were
found to be more serious than was at
first anticipated. The bottom is stove
In in t'o places, and repairs will prob
ably take all of two weeks. v
John. P. Doyle, general superintendent
and assistant secretary, of the Port ot
Portland commission, is In St Vincents
hospital, recovering from a minor op
eration performed Friday. He Is not
expected back at his desk for.lft -days.
-, Ice oonditions about SL Johns . ter
minal have sufficiently Imnraml tn iwr-
mit dredging operations again, and . the
;oi '" m ivauuie wora in Blip
N. Monday morning. , i
' tpuT, Christmas -dinner cannot be all
It should without a Dixie Special mince
pla. Ask your grocer, Adv.
y.2,M Jii. J 2T U-y
News of the Port
Daparturaa Dacambar CO
Atlaa, American steamer, for Saa Fraaciaoct
ballast.
Barge No. OX, American barf a, for Saa
Franckco, ballast
Olilo, American steamer, from St Helens, for
San Pedro ria San Francisco, pejeengeia and
lumber.
MABIKE ALMAXAC
Tides at Astoria, Holiday: Uch water, B:29
a. m., 8.4 feet; 5:22 p. m.. 6.7 feet; Low
water. 12:08 a. m., 2.8 feet; 11:4S p. m., 2.1
feet
WEATHER COWDITIOITS
Portland and Vicinity Sunday rain; souther
ly winds,
Orenon and Washington Sunday tain; mod
erate southerly sale aloni coast
OBSERVATIONS
sS
n g
So
Wind
U
-s
TATIOn
n
Baker ; . .
Boise
Boston
Oalgary ......
Chicago
DenTer
Des Moines . . .
Eureka
?alTentalh . . . .
Selena
funeaut
Kansas City . .
Loa Angeles . .
Uanhfield ...
steciford
Minneapolis . .
Vew Orleans . .
Sew York ...
North Head ..
Sorth Yakima.
Phoenix
Pocatello , . . .
Portland
Roseburg . . . ,
Saoramento . .
St. Louia
Salt Ike
San IHego
San Francisco.
Seattle
8itka ,
Spokane
Taeoma
Tatoosb Island
Valdeat
Walla Walla ..
Washington .
Winnipeg ...
34
3B
80
62
80
58
SO
62:
561
42
86
.20
.01
8V
BW
sw
w
w
N
8W
NW
W
E
KW
SW
SW
NE
NW
NE
NW
8E
Raining
Cloudy
Clear
Clear
Clear
Clear
Clear
Raining
Raining
Clear
Cloudy
Cloudy
Cloudy -
Cloudy '
Raining
Cloudy
Cloudy
o:
0
0
0
0
.16
0
0
.10
0
I
.18
0
0
.01
.01
.72
301
74
68
66
34
60
30
L Clear
48
32
86
uiouay
Cloudy
Clear
Cloudy
Raining
Cloudy
i Cloudy
Clear
Clear
Clear
Cloudy
.16
0
(Calm
TO
8
SW
NW
8
NW
NW
NW
88
66
62
0
.84
.86
84
.01
38
SO
04
o
0
0
0
NW
NW
S
E
s
sw
8
60
60
.60
Pt. Cloudy
88
48
62
.04
Clear
Cloudy
Cloudy
Raining
Cloudy
Cloudy
Clear
Clear
.18
.84
.02
60
20!
.10
.10
0
0
Calm
48
28
84
NE
N
W
12
TA. II. tadav
Export of preceding day.
LOCAL DATA
Portland. Dee. 20. Highest temperature 85
ucsraa, tanm wmperature 40 degrees.
uJrlV PMln': . 5-2 feet Change in
iwttin. x.x xeec
inchea. Totftl rainfall since SeDtvmber 1 1 Ql Q
15.54 inches. Normal rainfall since September
1. It). 03 inchnrt. IMIrianra n hf.n
Ddnrawr i. l) iv, i.u lnrhes. '
Sunrise. 7:60 a. m. Sunwt, 4:28 P.
xorai aumnine. S hours 80 ainutea. loaalble
untuiK, . e noura 09- mm a tea.
Moonnse. 0:28 a. m. Moonset, :11 p.
isarometer (twlimd r . An a&
ti : , - ' v v. ...BO
Kelatire humidity. a.
soon, 87 per cent; 3 p. tn..
m. 89 per cent
100 per oent
AT JTEIGHBORHTG POBT8
. Coos Bar. Dee. Sol Arrives a .
Steamer City of .Topes a. from Baa Francisco via
Eureka, tor Portland.
Mantta DeolS-Sal)edMjoo Snow ft
Burgess, for Portland."
Yokohama, Dec. 15. Arrived Steamer fv
wmJona, from Portland. ,
Iee.17 Arrived Motor schooner
irom roruana rta . Btngapor.
- Beettia. Uec 20. (L K. 8.) Sailed.
swamer AiaMa, 1 or Soutbweateni, ria South-
" . a. m. ArriTed. 19 to,
steamer West Ion. from VladtToetok. 4 pm!
Bailed, ltth, steamer Rainier, for Ban Fran
geovJO p. m.: "West Aleta, for Cardiff.
Rotterdam and Hamburg, irta gan Francisco.
:80 m: President, .for Ban Diego, vis San
Francfaco. 8:05 p. m.
T Ketchikan. Dec. : 19. L N. S.) Sailed,
steamer Admiral Watson, south, 10 a. m.
t- Cordora, Dec. 18. (I. N. 8.1 Sailed, steam
er Northwestern, south. S:B0 p. n.
Kew Yorkj Dee, 18. ( L JJ. S.) ArriTed.
stesiner Chicomico. from Seattle,:
Adelaide, v Dae. 11, -L . N.; 8.) Sailed,
schooner atianie A. Came, for Paget Sound.
Sydney, Dee. (t K. 8.) Sailed.
BBiiroavr i.uiiu, wr s-vrs ABgetes.
. Tokehama.-' Dee -t. ILt- N-i 8.) OaOed,
steamer Africa Mara, for Becttle. .
Hongkong. , Deo. 19. I. . i g.) SaBed.
steamer West Ira, for Saa Franoiseo.
Kobe, Dae. -IS. !. N. 8.) ArriTed.
ssaamer uimov wuar. ims ancouTer.
Victoria, Dec 19. L N. 8.1 Sailed
steamer empress of Japan, for Hongkong, 10
a. m. " ,
Erarett. Deo. 20.-t-fI,- N. S.) Arrired.
steamer Klamath, from Seattle, Tia Point Wells.
Point Wella. Dec. 20 (L M. 8.) Sailed,
ateamer El Segnndo. for Port San Luis, T a. m.
Pncet Sound NaTyyard, Dec 19. (L M. 8.)
Arnrea.. numir iiu . A. - r 1 Unas, mas
? t y'yf
v-y ,.ixx
QUESTION OF LEGALITY
Fight to- Finish Promised in the
Courts to Clear Up Some
Technical Points.
The Dalles, Dec 20. An opinion given
by Attorney General George M. Brown
to the effect the Wasco county high
school fund ' should have been appor
tioned according to an old law and not
as apportioned by former County School
Superintendent Eonney, will, if followed
out. necessitate an entirely new allot
ment. Certain schools have refused to
accept the ruling of the state attorney
and will contest the apportionment
throuch the court. The rountv school
fund has long been a hotbed of wrang
ling in Wasco county, and will be fought
to a finish, with District Attorney Gal
loway leading the legal battle for the
county. ,
Asserting that "It Is impossible for
any ordinary person to live with her,'
Herbert Dodge of Wapanltla has started
suit for divorce from bis wife. Alice
Dodge. Dodge asserts that his wife
hurled vulgar language at him and de
serted his home because he failed to
make a stipulated amount of money
during one fall harvest.
Lela Hecker, 20. of this city, was ren
aerea unconscious tor nve Hours by a
fall on the back of her head when she
slipped on the Ice covered street She
will recover.
Warren Lemon, wanted In La Grande
on a charge of evading his hotel bill,
was apprehented here as he attempted
to pass through on a train. He will be
returned to La Grande, t'y '-i
To prevent game birds from starving
in the deep snow here, sportsmen are
subscribing to a fund to provide feed.
This fund will be matched by the state.
Hermiston Peach
And Apricot Crop
Damaged by Storm
. iHermlston. Dec 20. Prospects of
local peach and apricot crop were wiped
out by the recent cold weather, and
other fruit trees were damaged, accord
ing to .ranchers. The storm did several
thousand dollars damage in Hermiston.
Potatoes were damaged, chickens were
frosen - on ' the roosts and many pigs
were killed.
Members of the local American Le-
i . , ' . , .
E'vu post are Keeping uie town ciear
of I. W. W., Beds or Bolshevists. Re
cently they ran two ' such M characters
out of town and had a third arrested
who was bound over to the circuit court
by Justice Dodd on charges of crimi
nal syndicalism. This man came from
Tacoma and was employed as cook In
a local hotel.
Betty Ralph, 3-year-old daughter of
Joe Ralph, was seriously scalded when
she fell backwards into a pall of boiling
water. The burn extends from the mid
dle of the back to the kneea. ' :
Scliools Close for ,
Beginning Wednesday, December 24,
"Skinnajr?,; and .Ufa- gang twin ? 'tear
loose from school for their yearly 10
day holiday session, enjoying the larks
of vacation . time until . January S. ' the
first Monday alter Kev Taar'aV '
NVOLVES WASCO HIGH
SHOOt
ALLOTMENT
OVER-SPECULATION WILL BE GUARDED AGAINST
EMONEHO
F
FOR NEXT WEEK
Stocks .'. Are: Strong at Market
Opening. Saturday, But No
Material Advances Are Noted.
By Broadan Wall
New York. Dec. 20. The actual
bank statement today showed deficit
decreased 140,543.890, loans In
creased $48.301,00.0. and new de
mand deposits decreased $2,488,000.
The average statement showed sur
plus Increased $13,974,440, loans in
creased $54,728,000 and net demand
deposits increased $87,925,000,
Banks discounted with the local fed
eral reserve $140,753,997 less paper
than In the previous week.
While it looks bad to see an actual
deficit In the local banks, yet the at
tendant circumstances are such that this
bank statement is a aood one.
' Easy money will be the chief factor
in the stock market the next two weeks,
for the bank statement has assured ii
now. The only thine the market had
to guard against is overspeculation, and
if there should be any excitement the
reserve bank would curtail credits again.
Stocks were strong at the opening
today, but without material dvances.
This invited profit taking, and a re
action of a point or more went through
the list In most stocks this loss was
recovered. The close was strong1" and
quiet without material net change. The
tobacco stocks dtstinifuisbed, themselves
by holding firm throughout the session
under leadership of United Retail Stores.
American International was another
strong feature. The sugar stocks were
not influenced - by. announcement that
the senate had passed the sugar control
bill. They were inactive and unchanged.
Some people seemed to expect Northern
Pacific to pass its dividend, but an
nouncement of the dividend had little
effect on the stock, which rose but a
fraction. Pere Marquette -was a strong
feature of the railroad list Sterling
was strong again..
Sinclair Oil and Transcontinental are
the two stocks that Wall street is watch
ing. Wall 'street hears that a new pool
had been organized in Mexican Pe
troleum to put the stock into new high
territory.
Portland Deschutes
Land Company Files
Organization Papers
Salem, Deo.- 20. Organized for the
purpose of engaging In general farming,
truck sid vegetable gardening, the
Portland-Deschutes Land company, cap
italized at $300,000 has filed articles of
Incorporation with the corporation de
partment. The company will maintain
its principal offices in Portland. The in
corporators are : George' L. Burtt, M. M.
Matthlessen and Richard W. Montague.
Other corporations filing articles Mon
day were :
Coos Cooperative Telephone company.
North Bend, Coos county t no capital
stock, but a $50 membership fee stipu
lated ; H. A. Walker. J. M. Hanson, Fred
Larson, Archie Phillips and L. M. Weir.
Western Milk Products company,
Portland; $100,000; R. D. Fontana, Ben
C. Dey and Alfred A. Hampson.
The Engineering company. Inc., As
toria, Clatsop, county ; $5000; Leslie E.
Brlgham, Marie Brigham and C o.
Crisman.
Declaration of Intention to engage in
business in Oregon was filed by the Nevada-California-Oregon
Realty company
of Reno, Nev. The Oregon office of the i
corporation will be maintained at Lake- (
view. Lake county. J.' I. Conner is j
named as attorney in fact.
Public Control of Railroads Urged
Washington, Dec 20. (I. N. S.)
Public ownership of the railroads Is
urged on congress in a petition signed
by 22,279 persons, which was presented
to the house this afternoon by Repre
sentative Sinclair of North Dakota.
The petition stated that the signatures
were gathered from 38 states, and Its
signers are workers in factories, mines
and on the farms of the country.
Vote on $200,000 Bond Issue
Medford, Dec. 20. A bond election has
been called in the Eagle Point Irrigation
district for January 17, 1920. This new
Irrigation district of Jackson county will
water about 4000 acres from Big Butte
creek, and the bond issue is for $200,
000. '
Drainage Bonds Submitted
Salem, Dec 20. Bonds -in the sum
ot 3218,000 were submitted to the state
Irrigation commission for certification by
Multnomah drainage district No. 1
Thursday. This is a part of the $400,
000 bond issue recently voted by the dis
trict FOREIGN EXCHANGE RATES
i .- :
Corrected daily by loreita department ol
United BUtea National bank.
Opening nominal rates (er bank transaction,
as of December 20: ..,,, sa
London, pound sterlins. . . . $ 8.82 14 8 8S
Paria. francs 10.72 10.70
Berlin, marks 2-J . ,f-"
Genoal lire 1810 18.08
Copenhasen, kroner ...... 18.00 l-3
Chrfcfiania. kroner ........ 20.1B 21.25
Sotckbolm, kroner ........ 2115 21.26
Honckons. local currency .. 99.00 B.25
Yokohama yw ......... 60.40 60.80
PACIFIC COAST BANK STATEMlsKT
Portland Banks
Clearings This Week.
Uonday .$10.6024 1.23
Tne-day .. i , .61 1.889.81
Wednesday 8.82.656.43
Tbnriday ... i 4.84 5.1 08.20
Friday .... .42.4t0.4
Saturday ... 4.888.21 1.89
Tear nto.
t 6.518.820.75
S.2S8.8S7.B8
6.747,945.75
6.253,811.87
4.2127.7S8.81
6.701,340.23
Week
,..38,101.78.74 $2.7B7.554.
Seattle' Sanks -
dearlnss fcstatday -. - - .V- 2?-5?-2
Balances Saturday 2,061.401.00
an rBnctM atankt
Oearino Saturday ., . . y. . .$28,488,863.00
, SpoksiT atajskt '
taeartogs Satarday ....-..-..8 2.53072.00
Tacoma aVanas ,
rtlaarlnn Satorday T8I.448.71
ail-""-. Satorday
140.734.01
i Torelga Bosd Market- . v
J ; Foralsbsd b Orerbeck A Cook; Co. '
. , .7 - v . . Bid. . , Ask.
A. F. Kb Oct. 1920V.;,....- ' 6. e ( H
-Bap. Prance 6$ 181....... "2 - 84
Paris Oct lt21.v.,;f M14W2H
Russia Exta. 6 1021. . v Vie23 f 26
KusdiaB lea 5tt 1926. . . . 21 25
Doaw 6t Apr. vt9t t.ir'it.jg. T'e M H
Does. . 5s April 1981 . s , . t"r v 9 1
Dobs.' Sa Apr. 12. SS H
r-ntine Sa Mst 1920. .,:y 8
C. X. 1037... 87 is
EATUfiE MARKET
Attractive ' Canadian
Municipals Are Listed
By Morris "Brothers
-The weekly list of offerings of Morris
Brothers, Inc. shews many new Issues
ot bonds, among which ars several attractive-Issues
of Canadian municipals.
Recent purchases include an issue of
Greater Winnipeg water district I per
ceat bonds, due February 1, 1921, which
an in- denominations of $1000. and will
be sold at 95.9? and accrued interest,
to yield S.50 per cent There is also an
issue of Victoria, B. C ( per cent bonds,
due March V 1921, of $1000 denomina
tion, which are being offered at 96.87
and Interest to yield C50 per cent
All of the foregoing bonds are payable
in gold coin of the United States, both
as to principal and Interest at the fixed
rato of exchange, 4.86$.
According to John L. Etheridre. nre si-
dent of Morris Brothers, Inc. this fs a
very desirable time to buy these high
class Canadian securities, on account
of the price of Canadian exchange. All
of the Canadian offerings shown on their
bulletin, yield unusually high interest
returns due to this fact.
Klamath Bonds Are
Being Offered by
Lumbermens Trust
The Lumbermens Trust company is of
fering at prices to yield 5.125 and 5.25
per cent interest, according to maturity
five series of City of Klamath Falls
street Improvement S per cent bonds, to
taling i97.031.22. The bonds constitute a
general obligation of the entire city.
Klamath Falls at the present time ranks
as the eighth city of Oregon in bank de
posits, having advanced from tenth place
since last September. The last call, No
vember 17. shows that the three banks
of Klamath Falls have deposits of
$3,904,702.18, a gain of $862,759.86 in two
months.
' The trust company Is also offering a
block of 6 per cent improvement bonds
of the city of Hardin, Mont, on a par
basis to net 8 per cent
LIBERTY BOND SALES
Open, High. Low. Clow.
SHs 9910 9910 9900 9900
First- 4s ....... 93SO 9380 82A 932l
Second 4s ....... 9134 9188 9132 180
Kirat-41s ..... 0360 9860 9332 9330
Second 4s .... 9182 9164 9143 9144
Third 4Kl . 98AO 9368 9358 9364
Fourth 4s .... 91. 2 9158 9180 9150
Victory 88 ... 9894 9808 9884 9890
Victory 8 s ... . 9898 9898 9884 9888
Bonds
City
School
Province
Offer an , exceptional character .
of Investment at present market
prices. We own and offer an at- '
tractive list, of Canadian Bonds -offering
high Interest return
exempt from Canadian taxes
payable in TJ. S. Gold In New
Tork. ; x
ASK FOR LIST
Freeman
Smith
Camp
Co.
JOIN THE
sscswa rtasa
I Mams
Estimate the cost to rebuild your house at the present time. Deduct
the amount of Insurance you now carry. Call Main 702 and place
additional insurance as you are probably harlf insured.
Estimate the cost to refurnish your house, remembering that wearing
apparel, kitchen suppjies, furniture and fixtures, etc., are covered
under our contents of dwelling house policy.. Deduct the insurance
you now carry and call Main 702 and place additional insurance.
46
Weather conditions
50 per cent greater
M
PETTIS -
6th Floor Wilcox
46
RANSIENTS ARE ONCE
E
STREET IN NUMBERS
They Have Not Been So Numer
ous Since 1907; Methods Used
Are Absurdly Simple.
Wall Street Journal
In these days of new security issues,
many of which have been underwritten
so successfully and are now selling at a
substantial premium, the transient sub
scriber has again made his appearance.
Not since the mining boom of 1907. has
he been in such numbers tn the street
and this time he has really made a lot
of money.
This gentleman does not need much
capital. It Is only necessary for him
to have an account with a ' reputable
firm and keep his ear close to the. ground
for security issues which are about to
make their appearance. Long experi
ence helps him to gauge the slse of his
subscription to a new issue and his
methods are absurdly simple.
He sends in his subscription to the
proposed new stock and then spends the
intervening period in finding' Out as
OPERATING
YIELD 7.25 PER CENT
A Highly Secured Gold Note
Maturing in One Year
Free From Normal Income Tax .
Details on Request
Main 715
CtARK.KENDAlL6C0.INC.
ROBERTSON & EWING
GOVTlIWMENT--COrlPORAT10N MUNICIPAL
BONDS
LOCAL SECURITIES
207-8 NORTH WESTEPN BANK BLBG.
PORTLAND. OREGON
"BONT WORRY" CLUB
Don't Worry
Don't Worry
are such' that if you have a fire,the loss will be
than under normal conditions.
Dbii't Worry
GROSSM AYER CO.
Bldg.
Dpnt ,vWOTry!,:
Edited by. -Will
W. Hessian
much as possible about the allotment he
may reoelvall If. hi acquaintance. Is .
good he learns enough to be able to
profit by selling part of . what he may
get on W,hen,;at and if ,lsu 'basis,
for -these days' most of the Issues sell at
a premium at ; their Inception. Alter
pe actually knows his allotment a sate
Immediately follows, usually within an
hour or so of his notice and frequently,
with a profit of less than one point
Sometimes his luck is bad and h gets a
full allotment which he Is obliged to.
sell without making a cent but on the'
whole, the gentleman has been doing
well of late.
Most of the concerns bringing out their
Issues reckon on this transient and en
deavor to make their markets accord
ingly but when an Issue Is a great suc
cess he necessarily gets away with a
profit .on the investment of his wits and
a postage stamp.
'Kew York Bond Market
Farniehed by Overbeck A Cooke Co., Board
of Trade buUdini.
Bid. Ak. '
Atchison Oenl.. 4 7 i 77
BaL Ohio Gold. 4s SO H (12
Beth. Steel Ret.. As 8(1 ST
Cent Pacifje 1st 4a 75 76
C B. A Q. Col.. 4s ... f4U 94
I St. Paul Qenl.. 4H 78 74
Cliiraco N. W, Uenl., 4s.... 7A 7R
L. ft.N. CbU, 4s 80S 80
New Tork By., 8s 7 7
Northern Pso. P. U. 4s 784 77 V
Iieadlna Oenl.. 4s . , 78 H 80 H
Union Pa., 1st 4s. 82 V4 82
V. 8. Steel. 8a. ; H
t'nloa Pac. 1st Bef. 8 77 .77
Southern Pac. Cone.. 6s 1084 lOfl
Stmtliem Pee. Con., 4s.... 1 79
Penna. Coat.. 4 Us 89 Vs 1
Penna. 1st 4Hs 80 81
Or. Short Line, 4s SO 8T.
99
99
Main 702
r