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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Oct. 31, 1920)
13 ' THEt OREGON SUNDAY JOURNAL, PORTLAND, SUNDAY MORNING, OCTOBER ZU: U20. aOUR CARGO FOR BRAZIL LAUNCHES NBV MARINE ANGLE Hoiiser Interests Start Export if Balj Rolling in Untried Field Formerly Held by Atlantic. VBre&kingr Into an entirely new - field for , the delivery of flour from the Northwest, the Portland Flour Ingr , M1H company, has chartered the American steamship Pallas, 2978 , net tons, to load a part cargo of tivur m i rut uauu ivi uiaau. ' tnaior oortion of the canto will be flour and the minor of lumber. I? Heretofore flour shipments to Rio de - Janeiro have been from the At- UtnUG Slue H.UU sne im. hi cn- ' terlng the Brazilian trade the Houser IntereeU have started something in the placing of Northwestern products. ' . Additional charters announced Satur- :.. day were : American steamship Juneau, now on the Alaska run, Portland for ' Talara Bay with lumber at $30 to Bal four, Guthrie A Co. ; British steamship Myrmidon, 8063 net tons, Kerr, Olfford : St Co., wheat from the Columbia river to the United Klnnrdom j steamship Di ablo, Pacific Qralrv company, United ' Kingdom for orders. yTha steamship Pallas Is now on Pu- ?!et Sound and will be due in Portland he first part of next week, The Myr midon is north-bound from Balboa, as it the Diablo. (CONSIDER PLANS TO SPAN I" COLCMB'A AT VVGET ISLE Astoria, Or.. Oct. 30. In furtherance of tha nrn iArt frr th construction of a bridge across the Columbia river fram filther Wauna or Westport to Pujret ls Snd and thence to the Washington fhore. a conference was held by Sena or A. W. Norblad, C. B. McCulough, ' rhlef bridge engineer of the state high way department;' R. A. Furrow, highway engineer, and Jl. M. Hackett, county , The engineers agreed as a result of the conference, to view the proposed route and prepare data from an engineer ing point of view regarding the most suitable site for the structure, its esti mated cost and character of construc tion advisable. This data will be given to Senator Norblad who in turn will present it to the legislature at its com ing session in company with a bill to In struct the Btate engineering department o make preliminary surveys, f It is understood the Washington leg islature will also be asked, to have its engineer department Join in the work. As when the proposed bridge is built It will be throueh co-ODcratlon of .the two Slates. FOl'H 8800-TON STEAMERS ! TO CALL AT GRAYS HARBOR f Aberdeen, Wash., Oct 30. -Four steel Steamers of the 8800-ton type will call at Grays Harbor between Friday and next Monday, three of them to load ' ties for the Atlantic coast and the fourth. West Nlvarla, to take cargo for China, officials of the Grays Harbor Stevedore company announced ., this morning. - 1 The vessels coming hers are the West , Nlvarla from Portland, the Chlnancha from gan Pedro, the Lehigh and the ilannawa. The West N'lvaria was here a short time ago, thfe other vessels have never called at Cras harbor. The deep water carriers will rind a 81-foot chan- el at the bar on their arrival the depth ' having been Increased lately by the gov ernment dredge Mlchle. BATTLESHIP OREGON MODEL I TURNED OVER TO CHILDREN - Anchored at Seventeenth and Flanders treats since the fire prevention parade, iths battleship Oregon has been shifted to the Frazer home where she wilt be the plaything of the juvenile inmates. The Oregon Is not the one that made Captain Clark famous and staged the greatest run in marine history, but a 35-foot model of the famous old veteran of . the Spanish-American war. Com mander Klder transferred the model to the Kraser home and consigned the "piece of fighting machinery" for the use of the children. ENGINEERS TO MAKE SURVEY . OP CHEHALIS RIVER PROJECT ; Centralis, Oct. 80. A party of en gineers will be In Centralia the first of next week to make surveys and take up the work of dredging the Chehalls river and straightening Its course in order to prevent periodical overflows which have damaged thousands of dollars' worth of crops in the valley through Wblch It flows. ' W. W. Sherman, chairman Washington state reclamation of the service. has taken the responsibility of approv Ing this undertaking regardless of the fact, that he is unable to get the re clamation board together. He does this, he explains In a letter to J. C. Apple ' gate,, secretary of the Chamber of Com- , TRANSPORTATION HOLLAND-AMERICA LINE . -. North Pacific Coast Lino (Mnl Mrvlea af Moltene SnMHca Line so . Reysi SUI ! PactH Oe.) Vaaeonror, B. C, Puget Sound, : ' Portland, Ssa Francisco end 1 - f . Los Angelas Harbor. Rotterdam, Antwerp, London, Liv erpool. Hamburg, Havre. 11 WvltHl Only . ; ailing will take s4ace fenowu B S "IfOERDTK" 12.000 ton d. w.l - - kisdlnf Ne.. Dee. t . And Rsularly tiwrcafter. StMaeti ipMlally fitted wit lart col mm sad refrigerators for th trmnsoortxtioa of frwh fruit, fUh. eu. Tor rnlfhl Bate and IwrUeatan Apply to OREGON-PACIFIC COMPANY SOS Mf I tool ulieing, rtiono aUtn 4H lOYOKISENKAISHA , mtlBPJT onlt ; r0TVASJD TO 4APAS) an OH MA 5.1. MKITO UARD. SR0O too, loadloa ; , , . KoTsber T. - t Fot TokkblUM, JLobm sad BbaocaaL rRKIOHT AND ' PASSIMJOgll OKRVIOI 8. g. ANTO XABTJ, " 12.000 too, loading , January 13, 103L . for nta, Urn, space or iafomatlos, Mno OREGON-PACinc COMPANY " ; sVILCOX BVOO. - MAIM 4e r i-w : : OUTDOOR ENTHUSIASTS LABOR ABOVE COLUMBIA M .ttiit BttiXrfM-MimMMmm6mftfmwmmti1lftt1lim ah. Mil in m I'n.iia.n m i ' 8 8 Jl , V-e ' 'v T . T'X .;7t4 tC: u,- -' t , - Ws& ipH- i;rt tr-r- 7PW- 3 ' ..lilt 'J . rtt& Jtsi.!, M.ll IS ?4f - ..Jl It -- .. Ti 1 rTTmrrrl Above Scene from Ruck Rock, the terminus of the trail built from Eagle creek by the Mazamaav looking down the Colombia riycr. Below Mazamas at their task of trail building and Bock Rock, where the trail ends, about 500 feet above the Eagle creek camp grounds. " merce, because he feels It is necessary to take immediate steps in the matter. 23 SHIPS CLEAR FOREIGN FROM PORTLAND IN OCTOBER "twenty-three vessels cleared foreign from Portland during the month of Octo ber. . Of these 12 were American steam ships, four American saXling craft, four British steamships, one Dutch steam ship, one Danish motor ship ai.d one French bark. Most of the vessels cleared for the United Kingdom. The steam ship Wawalond cleared for- Cadiz In Spain ; the Waban for Callao and the Wm. H. Talbot for Mollendo. With the exception of the schoonor Florence Olsen, for Santo Domingo, the balance went to the Orient. Recapitulation on the cargoes carried for October, foreign, show : . Wheat, 2.096.064 bushela valued at $5,287,966; flour, 239,258 barrels valued at $1,630,115 ; lumber, 3,570,140 feet valued at. $506,914; general cargo valtfed at $401,093. The areneral cargo consisted mostly of canned salmon. The grand total in values amounts to $7,826,157. This is- in excess TRANSPORTATION S. S. ROSE CITY DEPART 10i00 A. . Thursday October 28 ' ' FROM AINSWORTH DOOK ' PARI 5 INCLUDED RiRTM AND BALA. OITY, TICHST OPPIOE. SO AND WASH. h PHONE MAIN SSM PREIDHT OPPIOE. AINSWORTH DOOK PHONE BROADWAY tM THE (AN PR ANoisOO A PORTLAND . A, A. COMPANY. AUSTRALIA ' NEW ZEALAND AND SOUTH SEAS Via Tahiti and RaraUnsa. , MN mnm Psmnsw ervics trem Am Franc do grorv SS Oar , UNION SS. CO. OP NEW ZEALAND. tSO Oallfomto SV. Am Pranctaoa. . Or Leoel AUanMhls and Railrved Atendea . . ASTORIA AND WAT POINTS . STR. GEORGIAN A Lsavet Pontlane Tilo . nx, Aleei tl Dock . LEAVES ASTORIA S P. iC .'f ' .FLAWL DOOK ' , a-ao eaon wav Dlroct OonnosUon fo Soutn gnnlii. Nlaht ma Detlr, m, m. Enr Da Eiotpt trn Main 14Z1. M1 . of any month of the cereal year except July when the flour shipments run up to better than $$,250,000. This was due to the wind up of the grain corporation and the disposal of the stock on hand. Lumber shipments for the month were short owing to the unsettled charter rates and the congested condition of the market in Japan and North China. West coast and Australia shipments were prin clpally In sail tonnage. Position of Vessels Badio resort from North Haid rin h mti. Hon of th followins renel at 1 p. m. October Dorblin. Manila, for San Pranciaco. S054 miles from Ssa Francisco. astral, Shanghai for San Franciaco. 2773 aule from Ban Franciaco. Moffett. Ban Pedro for Prince Bupert. 330 mile tooth of Princa Rnnm. YoaemiU. Port Ludlow for Los Ancetea. TO all south of Columbia riror. Urada, Portland for San rrancijco, passing Cohimbia rirer lightship. ... - Farracut. Ban rranciaco for Aeattto, SOO stile mm Bwutit. fAdmirU Wainwright. Enrett tor Saa Pedro, 99 aulM south of Caps rUttery. J Astoria Gets U. S. Cutter . Astoria, Or., Oct $0. One of the coast guard cutters of the United States will again be stationed at Astoria this win ter, according to a message received by the Port of Astoria commission. The Al gonquin will .be. sent, to this city imme diately noon her return from Bering sea.' t .. .- Ftencl . Steamer Sold " Crowley and1 Mahonev of San Fran. Cisco have purchased the French steamer Utique. : 794 v tons, ; and th Hadmnitte, 6 tona' The -price for the former was $120,000-nd. for tha latter. H3H.ooo: in what Service the new owners will place tho boats has not 'been announced but it will probably, be .on the coast run. souui iron ean Tanciscu., ,: Atlee- to"Hariaers CapUia P. J. Ptaroo of th ltaii.r n Joan Porta that at 4 a, aa. September 10, 1820. and again at 8:4ft p. m. October 3. 1S20. th hgbt cn Amapaia Doint. rxmM. af Italndnr. u not bnrning. Ho alw report that bo fomnd th MSnding at rniddlo tide to b SH fathom deeper tlmn ahown on H. O. chart 9S1, on a un irom LtL iz a, so nUn. Ii.. Long. SS de. an sua. w. to UL 13 de. 66 mi a. N.. Long it de. 20 alia. W. (Cesst of Salrsdor.) News of the Port j Arrlrat Oatobsr AO !Hr Putnam. American tleamer, from Saa Franeuoo, aaphatt. ' 1 oknm, American ateamer, trom Port Saa i.u, oil. Duartufaa. OcUSsr SO latm Glen. American eteamer, tot Seattle, cargo in ttnwt. . w .j...,. Ua-btenaw, American ataamar, for Saa Lata, 'k ,. .... ; Bnffon, fTench bsrk; for ."TJnittd . Xbigdom. -V ajndcMrka. ' Dutcb' atoamar. ' for : 4 - HAS BUILD L Workers Tackle Stretch Leading From Eagle Creek Camp With Vim Last Sunday. Five eighths of a mile of easy trail, leading from Eagle creek camp grounds to one of the high points overlooking the Columbia river was tfte result of the day's labor of the Mazamas last Sunday when they de voted their usual Sunday outing to building a project. that opens up to the public one of the most beautiful views of the Columbia river gorge. The day was perfect, and about 75 workers turned out, rolled up their shirt sleeves, grabbed axes, grub hoes and saws, and pitched in. Displaying the same qualities of persistence and cheer fulness with which they scale the most obstinate mountain peaks, the Mazamas attacked the brush with a vigor, and by J p. m. a well built trail extended from the campgrounds to Buck Rock. Buck Rock has been hitherto but rarely visited, because of the difficulty entailed in reaching it. Until Sunday afternoon Buck Rock was known as Little Goat Rock, being thus named by the trails committee of the Mazamas when they surveyed the route. , But when, upon the completion of the work, the crowd gathered upon the rocky point, capped by two tall trees, with the Stars and Stripes waving between, the motion was made and carried that the point be called Buck Rock, in honor of C. J. Buck, chairman of the 'trails committer. The trail to Buck Rock is the second the Mazamas have built during the year, the former being that to Tanner Creek falls, which the Mazamas further im proved Sunday by the placing of planks over the pipes at the lower end. The United States forest service co operated In providing the tools and the signs with which the trail has been marked. At the entrance to the trail. which starts from behind the ranger cabin, has been placed an archway built by Forest Ranger Albert "Wlesendanger, over which is the sign. "Mazama Trail. Buck Rock V Mile." The trail is very scenic, winding through the timber on an easy grade, overlooking the highway and the river. On Buck Rock, around the sign, "Welcome, Mazamas," have been placed signs pointing to Wauna Point, Hamilton mountain, - Table mountain, BeAcon Rock 'and other points of inter est visible from the point. Rotterdam, via San Franevco, general. Lavada, American ateamer. for Philadelphia and New York, for floor and lumber. w. F. Herrin, American steamer, for San Franciaco, ballaat MARINE AL.MA5AC Tid at Astoria Monday High Water. Low Water. 4.41 a.ra . 7.4 ft 8.5 ft. 10:28 3.3 ft. 0.1 ft. 4 :03 p.m. . 11 :21 p.m.. AT NEIGHBORING PORTS Astoria, Oct. 80. Left up S last night, ateam er Daisy Putnam, from San Francisco. Sailed at 1:80 a. m.. ateamer Siakijoo, for San Pedro. ArriTed down at 2 a, m., schooner William bowden. Sailed at 11 a. m., ateamer W. F. Harrin, for San Francisco. Sailed at 2 p. m . steamer Eautern Glen, for Seattle. Eureka, Oct. 80. 7-ArriTed it I 1 m., ateamer City of Topeka, from Cooa Bay and Portland, for San Franciaco. Koba. Oct. 25. Arrired steamer Pawlet. from Portland, for Manila via Shanghai and Hongkong. San Francisco. Oct. 30. ArriTed at 2 p. m.. t earner Has City, from Portland. ArriTed at 2 p. m.. steamer Klamath, from Portland. OBSERVATIONS Taken at B P. m. Pacific time. Oct 30. 1920. BUCK ROCK TRA e Wind. 2 . STATIONS S 2- J o S SB a I I 3J- Baker 44 0 13 NH'ICloudy Roiae 48 0 gWPt. Clondy Boston SI) O 14 W Pt Cloudy Cniearo 68 O 12 SWineer Dearer .... 88 ..02 .. NEiSnow De Uoinea.. 66 0 ... 8Wkrady Eureka .... 56 0 24 N Clear Galveston . . 74 0 23 8 B Cloudy Helena .... 32 .08 .. N Cloudy tJnneaa 142 .00 12 NK Rain Aa Angela. SS .32 .. SW Clear alarahfield . 60 0 '. . NW Clear Medford . . 58 O NW Clear Minneapolis.. 84 0 . . W It. Cloudy Naw' Tork... SO 0 22 W Clear Korth Head. 56 O N Clear Pboenix ... 78 .14 .. W Rain Pocatallo ..84 .16 14 NlOloudy Portland ... 5T 0 .. XW Clear KoMburg .. 66 0 .. N Clear 1 Sacramento. . 66 0 24 Kff Clear St Louis. . . 64 0 20 S Clear Bait Lake... 50 .16 .. NW Cloudy 6a Fran... 66 O 12 N Clear Sea Ul .... 6,4 0 . . N Clear 1 Sitka ....148 1.98 .. 8 Rain pokaM ... 48 0 12 KK Clear Taeoma ... 52 0 16 N Clear ' Tatoosh IsL. 66 O 80 NEPt Cloudy fValdes ...184 .82 Rain Walla Walla. 56 O NEPt Cloudy Washington. . 66 Of .. W Clear 1 1A. AI- tody; 9. U. report preceding day. ; ' FORECASTS Portland gad Vicinity Sunday, fair; northerly wind. Oregon and Wa-Mngton Sunday, fair; mod erate northerly winds. . KDWABD U WELLS. ''- Metocrotogat.. J LOCAL PATA Portland. Oct. 80.---Highest 'temperature. 57 degree. Lowest temperature, 41 degree. IUer reading, A a. m., 4.S feets Chang in last 24 hour, -0.4 ft Tout rainfall 16 p. . to 5 p. m.) , 0 inches. Total rainfttl sine September 1B20, 7.87 inches. Normal rainali since September 1. 6.87 inches. Kxca of rainfall ince September 1, 1820, 2.50 inches. Saa rise, 6:48 a. an. Stnvet, 5 p. m. Total win aUne, 10 hours, 11 minute. Poauble sunshine, 10 hour, 11 minute, Moooriae, 7 :S2 p. m. Moomet. 10:14 a. m. Barometer (reduced ea JireO . 6 P, m., 80.14 Inches. Relative humidity, f- a. an., 94 per east; aoon,. SA per cent; 9 p. an.. 60 Per cent "... 4 , , COLUMBIA RIVER BAR. . Worth Head. Oet.t'', "id1tioa of Ahe aes ar a ja-. ssuou: 'fa uortn. Canadian Security , t Changes Ave Seen; Issues Are Listed The Lumbermens Trust company re ports that during the past few weeks there has-been a very marked change tn the financial situation, and that this baa been especially noticeable In Can adian securities. Provincial bonds that only a short time ago were selling on a 7.75 per cent to an $ per cent basis, are now offered at prices to yield from 7 per cent to 7.30 per cent, while in the east a number of Canadian provin cial issues are offered at prices to yield 0.85 per cent. The Trust company is offering at the present time: Province of British Col umbia three-year' per cent gold bonds. These are In denominations of $500 and $1000 and are offered at 96.55 to yield 7.30 per cent. Province of Ontario 6 per cent gold bonds, maturing October 1, 192$. The bonds are offered at 96.68 and Interest to yield 7.2! per cent. Other new offerings during the week consisted of : Standard Oil Company of New Jer sey 7 per cent preferred stock. The stock Is offered at 105 flat to yield about .6.70 per cent. Diamond Match company 15 -year 7V4 sinking fund gold debentures. The offering price on this is 100 and interest to yield 7.50 per cent, making a very attractive Vpng term investment. Because of the shortage of new issues of attractive Canadian bonds, the Lum bermens Trust company has jfound lt necessary to seek out old seasoned is sues In London. The Trust company has Just completed the purchase of $58,000 city of Vancouver, B. C, V4 per cent bonds, due June 2, 1933. These bonds were issued before the war and were taken by London banking interests. They are payable in Toronto, Vancouver and New York, in gold, at par of ex change and the interest coupons are payable in the same manner on June 2 and December 2 of each year. These bonds will net investors 7 V4 per cent. Farmer-Labor Is to Establish Bank at Pasco, Washington Pasco, Wash., Oct. 30. According to announcement made by the national Farmer-Labor service bureau, one of the 30 banks to be organized in theM state of Washington will soon be lo cated at Pasco. The bank should be opened about December 15. Barney Donaldson of Spokane, Washington i manager for the bureau, who is In Pasco now, states that a corps of trained bank organizers are now here and that the preliminary work has been completed. ' Mr. Donaldson believes that Tasco, being a main railroad renter, is a logical point for one of these banks ; that being served by three railroads and with its natural resources, mostly undeveloped, Pasco Is destined to be one of the big cities of the Inland territory. P. P. & L. Company Expending $75,000 In Yakima Section Yakima, Oct, 30. The Pacific Power & Light company is spending $75,000 this fali, in - improvements on its sub stations and transmission lines to in crease its facilities for handling business in Yakima valley. According to Lewis A. McArthur, genasral manager for the com pany, the work is being done to meet the very urgent demand for increased serv ice in the territory served. Mark Skinner Visitor Mark Skinner, vice president of the First National bank of St, Paul. Minn., called on bankers here last week. Skin ner is making an extensive trip cover ing all cities on the Pacific coast. INCORPORATIONS Salem. Or., Oct. 30. The Kagle Ware house company, with headquarters in Portland, has been incorporated by W. R. Bagot, W. H. Stevens and George J. Perkins. The capital stock is $50,000. The Maier-Bettlnger company, with a capital stock of 57500. has been in corporated by Hallie S. Rice, Harold Maier and Elmer Bettlnger. Hpaduqar ters will be at The Dalles. R. Stone, J. Burbee and J. Thorborn Ross of .Portland, have Incorporated the Burbee Mill company. The capital stock is $5000 and headquarters will be in Portland. The Motor Loan association has been incorporated by R. E. Bondurant, W. W. Gordon and John A, Collier. Headquar ters will be in Portland and the capi tal stock is $10,000. H. S. Miller. P. M. Collier and C. L. Bonney have incorporated the Fraklin Press, with headquarters in Portland. The capital stock Is $5000. The Prest-O-Lite company, inc.. of New York, has filed application with the state corporation commissioner to operate in Oregon. The capital stock is $100,000, and N. D. Simon of Port land 'has been named attorney in fact. The Slate Creek Lumber company has ben Incorporated by P. V. Morgan, J. V. Morgan and R, M. Morgan. The capital stock is $5000. Notices of dissolution have been filed by the Sheridan Walnut Groves com pany of Sheridan and Southern Oregon Investment company. The United States Nut Lock Com pany, with headquarters in Portland, has been Incorporated by John A. Stubblefield. Leo Funk and William Kressing. The capital stock is $50,000. The Headlight Publishing company, of Tillamook, has been incorporated by C. O. Dawson, George P. Wlnslow and Les lie Harrison. The capital stock is $10,000. The church of Nazarene of Hemlock, Or., has been incorporated with a capi tal stock of $10,000. The Friends Oregon Colony Evaporat ing company, with headquarters at Scotts Mills, has been incorporated by Charles Scott S. P. Adams and Bert Scott The capital stock is $10,000. To Build Radio Stations San Francisco. Oct 80. (U. P.) The Federal Telegraph company today ap plied to the state railroad commission for authority to issue and sell $500,000 in 8 per cent gold notes, the money to be used to build wireless stations near Portland, Or., and at Palo Alto, Los Angeles and San Diego. CaL Range in Prices of Liberty Bonds and Victory Notes During the Past Week OFFICIAL CLOSING PRICES Liberty 3s. 1932-47 Liberty 1st 4s, 1932-47 Liberty 2d 4s. 1927-42..... Liberty 1st 1932-47, -. Liberty 2d 4 s, 1927-42. ................. Liberty 3d 4Ks,192...i. ...... Liberty 4th 4tf s, J933-38,,.., ....., Victory 3s, 1922-2 , ......... .. Victory 448. 192S-23v.,vv.,.....i.s 1' STRIKE CALLED REACTIONARY FINANCIAL VETS MAY LOSE FIGHT Disaster of '80s, When Wheat Strike lost, Recalled in Pres ent Demand for Three Dollars. By James L. Kilgallen . (Cnited New 8taft Correspondent) Chicago, Oct. 30. Gray-haired fi nanciers in LaSalle street who re membered that disastrous "wheat strike" of farmers back in the '80s are dubious concerning the success I of the present "strike- of Middle West farmers who are holding their wheat until tho price goes back to $3. It is now around $2. "It's a reactionary movement" de- clared, Joseph P. Griffin, twice president or me cnicago tsoaro 01 iraae, weanes day night. The full effect of the "strike" is not expected to be felt for another week or 10 days. The first news of the action of the farmers resulted in a 2 to 3 cent drop Wednesday In values on the Chi cago exchange. BANKS ARE SPLIT All the grain growers are not for the "strike," according to an official of a leading board of trade firm with branch offices in the Southwest, He said the at titude of local banks In farming com munities will have mdeh to do with success or failure of the movement. The farmer without money has got to sell unless his bank finances him much in the same manner a labor organization sometimes does its striking members. Karl Akers, president of the Kansas reserve bank, in a dispatch from Topeka was quoted as saying he doubted that the farmers would ever be able to get $3 for their wheat, although he recognised their right to hold it for higher prices. FARMERS LOST OCT Back in the '80's the farmers insisted on $1 wheat. They finally accepted 50 cents. If the price is shot up to $3 this year, according to Griffin, it will not be be cause of any "strike" but because of the world's supply and demand situa tion. "The Southwest is but a small factor In the world influence on grain prices," said Griffin who is held to be an au thority in LaSalle street "The so-called strike is a local situation. Its effect will bo purely local and temporary. "While the Southwest is an Important factor. It cannot control the world sit uation. Canada Is still shipping freely. There is a lot of wheat accumulated at market centers and in country elevfctors and mills. The rest of the United States, Argentina. Australia. India nd other wheat-raising countries, must be reck oned with. "The war has been over for two years. Prices in other lines are coming down. The farmer must face the situation as It exists, not as he would like it to be." TACTICS MILITANT And meanwhile the Southwest Is mili tant J. Rosenbaum Brothers company, Chicago, Wednesday, got this wire from Wichita, Kan., hotbed of the agitation against prevailing prices: . "Reported here that farmers are picketing country points and urging farmers who happen to haul In wheat to take it btck home. Those who deliver wheat are hooted by strikers." W. E. Freeman, president of Kansas State Federation of Labor, was quoted as saying: "The farmers are beginning to realize that they. too. must strike in opposition to those who control and manipulate prices of their product" The leaders of the farmers who have called the "strike" were reported as optimistic and "determined to see that the growers would at least get a price equal to the 'cost of producing the crop, or not 40 sell it at alL" . Municipal Bonds Sales Improving ' , Dealers Declare With the rapid sale of $118,000 City of Portland improvement bonds and $124, 000 bonds of the City of Astoria. Free man. Smith & Camp Co., bond dealers of Portland and San Francisco, declare that there is a decided Improvement In the market for securities of the best grade. They have just purchased a large block of bonds of the City of Casper, Wyo which are being offered at 97.50 and being 6 per cent bonds will -yield at this price as much as 7.S1 per cent. The company bought the largest block of Portlands offered last week and moved practically all of the issue with in a few days. However, there are still a few of these bonds available at the original offering price. These are 6 per cent bonds and are being sold at nearly par to net investors slightly less than 6 per cent The company hsvs also purchased a large block of Improvement bonds of the City of Dinuba, Cal., and is offer ing these to net investors 1 per cent These are 7 per cent bonds and are due serially from 1921 to 1930. Basketball League Organized; Banking Men to Be Players Representatives of Porkiand's banks met Friday ' evening and organised a basketball league, Each team, lt was agreed, 'will furnish a bond of $10 as a guarantee that it will fulfill its part of the schedule to be worked out later. November 15 is the date set for the first game. The following managers were chosen : P. J. White. Hlbemia Sav ings bank ; W. G. Korlann, Northwestern National bank: B. K. Larsen. United States National bank ; Wayne Loder. First National bank ; T. B. Wilcox, Ladd A Til ton bank. Wilcox was also selected manager of the league. Mon. Tues. Wejd. 92.80 92.80 92.96 -90.00 SS.80 88.90 88.80 88.80 88.60 90.00 8S.52 M.60 88.50 88,80 j. S8.80 90.80 0.50 ' 90.60 88.76 88.60' 88.60 98.26- WO 96.06 ? ' .0 Thurs. 93.00 89.78 88.80 . 89.70 88.1 ' 88.14 .00' i.8 Krt. 93.00 89.78 88.80 89.70 : 88.16. Hat 93.38 89.50 88.46 89.70 -88.36 90.40 90.14' 88 14 88 0 6.00 96,1 4"1 BELIEVE FARMERS Portland Banks : B&t Seattlevin Tdtal Clearings - The clearings of Portland banks for the 'month of October registered a substantial margin over that of the financial Institutions of Seattle. The total clearings for the month were: Portland $lftO,886,7M8 Seatti 171.475,664 The volume of business transacted through the Portland banks exceeded that of Seattle by $9,868,135. SURPLUS E, LOSS SHOWN Southern Pacific and Mexican Petroleum Gain; Dealings Generally Irregular. By BroAdan Wail New York. Oct. 30. The actual bank statement showed today sur plus Increased $37,972,570, loans de creased $61,749,000 and net demand deposits decreased $3,889,000. The average statement showed surplus decreased $1,359,950, loans decreased $74,282,000 and net demand depos its decreased $65,574,000. The federal reserve bank showed 39.1 INCREAS LOAN American Bcpress Tours 6 Cruises South America A CnmtToatS& EBRO A anise down the West coast, trip across the Andes, extended visits to the ptiiidpal odes of Sooth America and a return ctuiae up the cast coatt.' January 29 70 days 2200 op i-." West Indies Cruises Jaasjswr 15th, 8.8. Uiaa, fetsrrl9eh. 8-3. T4m -a the Great )Vbit Fleet These new steamers built tot cruising in the tropics offer the comforts of an ocean liiur. Visions: Havana, San tiago, Port Antonio, Kingston, Cristobal, Panama Canal, Port Limon and San Jose. 5tf I'M 1 23 days tinder li'iiM m a-.v.-j Tours to the Orient HcHicJuluapAty MsnchtrriA, North and South Chins and Philippine Islands. Sailing from Vsuxotteer January 13; from San Francisco January 24, Febraaty 5 and an, March 16, April a and 30, May aS, and June) a; from Seattle) lvtarrh it. Small parties tmder personal escort. Write ferAeuSU. mm 1 Ml Tours Mr Winter boors to Notthetn Africa. Algeria and To Sacuy, Egypt and the ":.:?3 ary 6, rebroary 3 and 9, March 9 and 27. Also general totawTsi of Europe ettflifggff &-tsteatttfy "tV'TC March, April and May. Write for detailA. Whererer you trarel carry those spendable everywhereAmerican Express Travelers Cheques .Under this plan you in advance, when you start on your -trip . the rail and steamship tickets, coupons cover Ins; Pullman reservation, hots! accommodav tlons, transfer and si-htseeinc arransements, automobile and airplane : trips, havs . been secured and are placed in -your hands. ' AsMricaa Eiprwai jfes ttnwgViu the world will render whatever additsaoal awrries is nspsssarr t auk toot trip aoiapl, Writ (or dataiU. AI'tERICMI art Oer. atA Ph; vcrvwiit . aasviiiBv . per cent a ween atro of risorves to combined depooits and federal reserve bank nots ontstand Ing. It Vtowed 37.8 per cent oonpared with 36.7 per- cent of reserves to et deposits after deducting 40 per tent against federal reserve bank notes out standing. k ""irregularity characterised dealings lit the stock market today, with the excep tion of Announcement by Secretary Colby that the United' States would recognlsa the Mexican goveracpent there was no overnight news to stimulate trading. Business became doll ddrlog the latter part of the session and the. close was irregular but with most issues' showing slight Improvement. v Southern Pacific and Mexican Petro leum were outstanding features due to the statement issued by Secretary lhv. United States Rubber and Royal Dutch were conspicuous for their heaviness. , The customers' rooms of the large commission houses had but a thin at tendance and there seemed to be but little Interest in ths course of the stock except by urofesstonal traderr. The statement by Mexican Petroleum company tlfat earnings should Increase about SO per cent during tho next year stimulated buying of tha IsMue. but the stock seemed to be readily supplied. Bond Dealer Sees Sound Prospering 1 Morris Brothers, Inc., are offering a number of Canadian issues of bonds, for which John L. Etherldge. president of this firm, reports a strong demand. "The bond .situation Is very good throughout the Northwest" said Mr, EtHeridge, who has been on a business trip to the Puget Sound country. "Every. whsn thara, la a sitrnnir daman American and Canadian Issues and the general . prosperity . prevailing through out this section Is evidenced on all sides. Condition are good and the future looks bright" tropical skies fC450 trp to Europe Nile. Leaving New York , Conducted Tours " ;J Without Conductors everything la arranged for DMralkar, Or. A, and Oat St., Pertlsfld Swsowar aeso .-