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 .-