THE OREGON SUNDAY JOURNAL, PORTLAND, SUNDAY MORNINQ, DECEMBER 19, 1920.
ER1CAN VESSEL
BBS SPELL IN
1
LANDING
CHARTER
Steamship Yafza Is Fixed to
Load Wheat or Flour in Port
land for 'the United Kingdom.
The American steamship Talza
has been listed for. Portland loading
wheat or flour for the United Klns
dom.w The vessel Is 709 tons net and
Is northbound from Balboa, out from
Philadelphia November 27. She has
general cargo and will make San
Diego. San I'edro and Saii Francis
co before arriving at Portland. '
The charter of the Talza Is the first
to have been listed for foreign loading
for some time. The British bottoms
have been taken for most of the grain
from the' North. Pacific. , The latest to
have been announced Is ' -the British
steamship Orient City, 2593 tons net,
from the Columbia to the United King
dom' direct, private terms, by Strauss
& - Co. The Orient City is for Janu
ry , loading and has probably been
taken ta a rate ranging from 85 shil
lings to 87 shilling pence, or' at the
present rate .of exchange $14.75 to $15.
Fluctuations In the exchange and the
- unsettled condition of the rates of the
shipping board make the offshore ship
ments unstable.
Steamer Towed to Port
NW York, Dec 18. (L N. S.) The
Heavy-laden outward-bound shipping
board freighter Riverside Bridge, which
became disabled 500 miles off Boston
when her engines broke down, was
tawed into this port today.
News of the Port
hi Fran-
I Arrival Dwsmber 1S
Alixaa, ' American ateamer, from
- eaBqp, puiensera and ganeral.
Departure DtctmNr 18
Celilo, Amerind tuamer, tor Sin Dif, fu
ssnrer tx lumber.
V. it. Stnut. Amrricto steamer,- from Prea
cott, fur Sn I'edro. lumber.
MARINE -ALMATTAC
i Tide at Artoris Monosy
r r Hrifc Water 1 Low Water
- T: a. m. . . S.S tert I 1 :14 a. ,,.10 ft
8:68 p. m. .. 8.3 feet I 8:10 p m. ., 2.0 feet
i ! AT-IfEIGHBOHIKO PORTS
I Aitona. IHn. 18. Arrired at 2 m. m.
Ataamer Pacific, from Itaymcmd. for Knappton.
ArriTeU at 4 Dd left no t 8:80 a. m.
fttcamer Alaaki. from San Franciico. Bailed
it t l m Dutch ateamer Arakan, (or United
Kln.lum, (or orders. Arrived at 8 a. m. and
left up at midnight Dutch ateamer Elbrgn.
f mm Hampton Jtoada. Sailed Steamer F. 11.
Buck, for San Francwco.
! San FraDcio. Dee. 18. ArriTed Steamer
fI Henry, from ; Portland Sad Gmrt Harbor,
for -Baltimore. Arrived Steamer Rom City,
from l'ortland. Bailed at 0 laat nicbt Steamer
Steel Yovaf", for PorUand. Sailed last aif ht
-4-8tam?r West Toua, (of Philadelphia, Ar
rtterl Steamer Oleum, from Portland.
J Shanghai, Pee. 17. Arrived Steamer Wort
Nlaria, fro to Portland via Yokohama.
i Balboa, lc. .17. Sailed Steamer Talza,
from Philadelphia, (or PorUand. ;
,
Cambria Steel Co.
(! -To Reduce Wages
I Johnstown, Pa., Deo. It (1 N. S.)
The Cambria Steel company, a subsid
iary of the Midvale Steel & Ordnance
company, whose plants here employ
about 1S.O0O men, today announced a
wage reduction of about 25 per cent
In all departments. Salaries are to be
readjusted according to notices posted
,Jn the company's plants.
HEAVY - JL ADEN SHIPS VISIT RIVER
yi - - I if., v , t .
Mi - .- f-v ' . ,-r-Z- - - LJ'JttHj'i"
i Vr W .fit : "
-1
,were. j . ..--v.' j t -ev
1 M
w. . ' " .;x -3ir'?iJfi32iKrfp'
'VflaunWAftv,.V.w.'Av.vm'a51
r
Mf m
W'.-SWrTiX-S
f 'W?
,,,,,,, -j'
Top British steamer Orea,. heaviest draft Tessel ever entering Columbia, now loading grain for United
Kingdom. Bottom Dutch ship Arakan, which cleared for Europe during week. .
3frF00T DRAFT IS
COLUMBIA RECORD
Steamer Loading 15,000 Tons of
Wheat Will Leave Mouth of
River with Monster Cargo.
The largest steamship to enter the
Columbia river is the .British steamer
Orca, now loading at Astoria, where
she will take close to 15,000 tons of
grain for the United Kingdom. Leav
ing the river, the Orca will draw bet
ter than 36 feet, a draft that cannot
be negotiated over the "Potato
Patch" at San Francisco. The ex
treme draft of a Tessel crossing in
at the Golden Gate is 33 feet. The
Orca will -establish a record for deep
draft vessels sailing from the Clum
bia river.
The Orca was originally designed as a
passenger vessel, but the demands of the
war converted her Into a transport.
Later she was sent in the nitrate trade
to the West coast. After delivering the
wheat at the United Kingdom she will
be finished as a passenger ship and
placed on the trans-Atlantic run. The
Orca registers 8449 net tons in Lloyds.
While in the transport service the
Orca carried 2500 troops with dunnage.
When sent to the West coaat she drew
34 feet, the d op pest draft vessel to pass
through the Panama canal.
Last of the grain vessels to clear
from Portland was the Dutch steamship
Arakan. She took from Portland 269,
39-4 bushels of wheat valed ai 1.80
bushel. The Arakan will proceed to the
United Kingdom, and was loaded by
Kerr. Gifford & Co. Part of the Ara-
kan's cargo waa loaded at Astoria, and
on leaving the river she carried 7222
long tons. i
imbalS
Pianos
9
Victrolas
Records
Fine Violini, Martin Guitars, Vega Tu-ba-pKone and Whyte
Laydie Banjos. Orpheum Banjos, Washburn Guitars,
Ukuleles, Music Rolls, Ludwig Drums, Machine Tymp
Deagan Marimbaphones, Bella and Xylophones, Leedy D:
am.
rums
Our M usic Department
Is the Most Complete in the City
Buescher
Saxophones
ty
Make it a mu
sical present..
Our stock is
very complete
and we can sup
ply you with
everything in
the music line.
Ask the best profes
sional saxophone
players i n Portland
what they use. 'They
will tell you Bue
scher. We have a
few in stock.
v -i-
fr -W 1M C xanz?' . V3i
Portland's Big Music Store
125 Fourth Street, Near Wathington
Positions of Vessels
Northhead. Wash.. Doc. 18. Teasel reported
position, by radio at 8 p. m. aa followai:
Steamer Washtenaw, Port Sanlaia, tfor Port-
laml, 35 miles from Astoria; steamer W. 8.
Porter, Bah Pedro and Ererett, 831 mile from
Ban Pedro: steamer Eastern Sword, Anaeortea,
for San Francisco. 175 miles south' of Cap
Flattery; steamer" Klkhf-m. Seattle, for Enrope,
to. San Pedro, 375 miles north of San Frn-
ciseo; steamer Aralon, Grays Harbor, for San
Franciaco. 408 miles from San Francisco: stam
r Horac X. Baiter, San Pedro, for Seattle, 47
mile aoutn of Columbia niw; ateamer Else-
anndo. Point Wells, for Richmond. 498 miles
from Richmond: ateamer Ererett. San Francisco.
for Ererett, 125 miles west of Ererett; steamer
Harrwooa, tiraya- Harbor, for San Francisco,
barbound intde Grays Ilarbor; steamer Quill
wark, San Francisco, for PorUand, 1ST mile
onto, of Columbia rirer; motorahip Charlie Wat
son. Seattle, for San Francisco, 542 miles from
San Francisco.
Dee. 17. Bearoort. Portland, for Shanrhai.
03a miles west of Columbia nrer.
BOARD ISSUES WEEKLY. BANK STATEMENT
Edited by :
WUI Hessian
Bo RESERVE!
Of pin-f
in 4f-
Aggregate gains of 12.6 ; millionp
in gold reserves and of 14.2 million, ji
in total reserves, also net liquidatloj'k
of about 60 millions of discounted
paper are Indicated in the , federijl
reserve board's consolidated weeky,
bank statement issued as at cloj
of business on December 10, 192.';
Net deposits declined by about flV,
millions, while federal reserve noffc
circulation shows merelv a nominal
i;:
reduction. As a consequence fit
these changes the banks' reserijs
ratio shows a rise for the week fro gi
44.1 to 44.5 per cent. i a
As against an increase of 8.6 millions
in loans secured by United States w(fr
obligations, the banks report a reduc
tion of 68.5 millions in other discounted
paper on hand, while holdings of
chased paper were 1.8 millions
cess of the total shown on ( the pre$r
pus Friday. During the week the NeJr
York Reserve bank purchased from i
cal member banks atotal of about j0
millions of treasury certificates afid
sold over 30 millions of certificates
thus acquired to the Cleveland fc a$d
Chicago banks. -: During the' week te
SL Louis 'bank redeemed all im pajtr
rediscounted with other, reserve banfsj.
and the total oi discounted paper hjd
on December 10; by the Boston, rnij?.
delphia and Cleveland banks indues
125.4 mlHJbns of paper discounted r
the New York bank and five other
servo banks In the South ana Miopia
West, as against a total of 15$ 7
millions held on the previous Fridfjp'
for seven other reserve banks. Jsfer
ceptance holdings of the PhiladelplSk
and Ran Francisco banks are shown
inclusive of J.t miulops Of bank
ceptances purchased from the Nfjw
York bank, as against 9.3 millions
shown the week before. . S
Both federal reserve notes and fed
eral reserve bank notes in circulator
show small reductions for the week.
substantial decreases in note circulation
reported by the New York, Chicago,
St, Louis and Dallas banks being prac
tically offset by the increases in qCr-
culation figures shown for the, Phila
delphia, Cleveland and San Francisbo
banks. H
Portland's Bank
Clearings Lead
Seattle $2,278,472
For the 16 working days of this
month Portland's bank clearings to
tal f 97,S23,326.36, which exceeds that
of Seattle banks by $2,378,473.36.
On account of the payment of . ln
eomi taxes and the taking up of suo-
L scriptlon to the last issue of gov
ernment certificates of indebtedness,
last .Wednesday's clearings jumped
over the $10,000.1)09 mark. The clear
ings for last week totaled $43,887,
717.9S, a gain of 15,785.961.19. com
pared 'with the clearings of the cor
responding week' of 1919.
L
OS S
SAD
TO
HIDE INCOME TAX
w
easterly
WEATHEB FORECAST
Portland and vicinity: Sundar rain
win as.
Oregon and Washington: Bandar nin: fresh
easterly winds.
OBSERVATION
STATIONS H S" 6 I ?J
if! i i il
Baker 86 .02 .... NE Cloudy.
Bow 0 SE Cloudy.
Burton .... 40 0 12 W Clear.
Calgary .... 22 0 B Pt cloudy.
Chioaaa .... 23 0 18. W Clear
Dearer .... 42 O 8K Clear.
Des Moines.. 24 0 .... NW Cloudy
Eureka . . . . B6 .04 10 S Rain.
Galveston ... 14 0 . . . . SE Cloudy
Helena .... 88 0 .... KV Cloudy.'
tJuneau ...142 O .... B Cloudy. '
Kansas City. 2S 0 .... N Cloudy.
Ixw Angeles. 02 0 . . . . SW Cloudy.
Mar-Meld . 4S .68 W Rain.
Medford ... 62 0 . . . . 8W Cloudy
Minneapolia 14 0 10 W CJeaf '
New Orleana 54 .08.... E Rain
New York.. 52 0 20 W Clear.
North Head. 48 .08 84 SE Rain
Phoenix ... 10 0 .... NE Clear.
Pocatello .. 8S - 0 J2 "S Cloudr
Portland .. 45 -.48 SB Cloudy.
Itoeeburi .. 50 .06 .... 8 Rain.
Sacramento 62 ,14 18 SB Cloudy.
St Louis .. 84 0 .... N W Pt. cloudy.
Salt Lake . . 0 TO .... 8W Cloudy. , ,
San liet-..-4 O 12 NW Clear.:
San Fran... 68 .18 16 8 Rain, j,
Snattla .... 60 .14.... N Clear.
t Sitka ....48 0 .... 8K IV cloudy.
Spokane .. 86 .04 .... NE Rain.
Taeoma ... 48 .18 NW Cloudy, v
Tatnosn TaL . 60 .04 14 K It. cloudy.
Walla Walla 84 .06 .... 8 Cloudy
Washington 86 0 NW j Clear.
Winnipeg-.. -2 O 12 NW Pt cloudy.
Yakima, v... 86 .26 Cloudy.
Annual Session of
Portland State Ban
; Is Held at Bensota
-
. Friday night the State Bank of Pft
land held its annual Christmas paty
in the crystal 'room of the Benson hoeL
; After a seven-course banquet served
to th directors, officers, stockholdJirs
and employes of the bank, Sidneyi;i.
Graham, general counsellor the b4nk
and toastmaster of the evening, lnto
duced the speakers and puesta. ChaWea
E. Walters, president of Charles E. Visi
ters & Co., gave an address on "Bik
Cooperation, Service and Smiles." y
Many of the employes took part in ijhe
entertainment features of the evening.
Brief talks were made by Leroy I D.
Walker, president of the State bank, I kid
Anthon Eckern. vice - president. MUy-
nard Redmond, cashier, distributed boiis
envelopes to all the employes, containiig
a month's salary.
The later part of the evening -ias
spent in dancing.
Among the out of town guests wyrje.
X J. Walker, cashier, Lafayette Struts
bank, Lafayette ; F. G. Havematftn,
cashier. Security -State bank, Woodbujjft ;
H. C. Stephens, vice president, Estacfjda
State bank, Estacada ; H. A. W. Graham,
cashier, Canby State bank, Cangy ;
Theodore Fagstad, State Bank ot
Junction City) P. II. Bell, qashr,
Ridgefield State bank, . RidgefiHld,
Wash.; A.. L. Lasswell, cashier, Srate
Bank .of Battle Ground, t Wash. ; Of, J.
Hawkenson, " president, Troutdale Sf)ite
bank, Troutdale ; L. A. Beckroan, cash'jer.
State Bank of Hubbard. . i-.l
Business to Kegain
Its Balance in Six
Weeks Prediction
(By Unirersal Serrice)
Washington, Dec. 18. The nest 30
days or six weeks will bring relief
from the general business and indus
trial depression, in the opinion of John
H. - Defrees, president of the United
States Chamber of Commerce, in an in
terview with Universal Service today.
In the meantime, he said, the period
of deflation will pass and falling prices
will reach their bottom. Afterward will
come an upturn and revival of business
generally. .
."When we talk about the return to
normal" conditions, we mean - a return
to conditions in which . the things are
balanced and In nroper relations to
each other," he said.
Expressing the opinion that still
further wage reductions are inevitable.
he continued:
"Wages turn primarily upon -what Is
a fair and balanced distribution of the
fruits of industry, to which labor,
management and capital all contribute.
If a man 'is not earning enough to
permit him to live in substantial com
fort and save, he is not earning enough,
Before the war most of us received
sufficient out of the common pot to
save something. The war upset con
ditions. While some classes are more
advantageously placed than before the
war, many are not I have in mind
particularly the so-called white-collar
worker, the man paid a Baiary. lie
has had an extremely hard time.
"Some Industries are taking heavy
losses, which will be shared by the
stockholders and workers alike. The
farmer is taking his losses, the manu
facturer his. and the worker inevitably
will have to accept his Bnare.
Brok'ers Report Clients Sell at
Low Levels to Record Cer
tain Money Deficits.
By Broadan" Wall
Net York, Dec. 18. The actual
bank statement showed Surplus de
creased $3,205,710: loans decreased
$115,576,000 and net demand, de
posits increased $12,454,000. The
average statement showed surplus
increase $9,918,720. loans Increased
$51,620,000 and net demand depos
its Increase $9,580,000.
The federal reserve bank statement,
showed 39.1 per cent .ratio of totar re
serves to deposits and federal reserve
note liabilities combined the same . per
cent aa shown in the previous week.
It showed 37.7 per cent against 87.9 per
cent of ratio of reserves to net deposits
after deducting 40 per cent gold reserves'
against federal reserve notes in circula
tion. .- ,
ISew low levels in several directions
were again made in the short session
today. Business for the two hours was
at the rate of more than a million
shares for full day. Offerings were
made at the expense of price pressure
being (greatest in the sugars, oils and
some of the transportation shares.
Brokers reported that their clients con
tinte to sell stocks for the purpose of
recording losses in their income tax
statements fpr the current year.
Many believe the - market has not
Treasury Purchase. ..
Of Bonds No Help,
Company Believes
C 1V Childs St Co. of Chicago. In Its
current Investment bulletin, say that,
"contrary to gossip and general opin
ion, we are confident that recently the
market ; has been given virtually no
support by treasury purchase of Liberty
bonds. t i - j
"Public pressure to, liquidate has been
supplemented by a determination to
hold bonds as a permanent investment.
or at least until materially higher prices
are obtainable. In our opinion such an
attitude on the part of the American
investor h indicative that we are at
the threshold of the turning-point 'In the
market for Liberty bonds. In fact, the
market fbr Liberty bonds may now be
regarded aa virtually havinganee.ra liqui
dated, biw-e moat weak holders have
already sofa and the demand now more
nearly balances the supply. A. year afi
Ihe government purchased as many .
$5,000,000 a day without succeeding in
checking 'the. .price decline, .whereas the
market today would respond rvnilh a
marked advance if submitted to a re
newal of such support." ; h
In the opinion .of this firm, there is
no probability of refunding Liberty
loans into bonds bearing a hishcr rat.
They say that the theory femicks ot
beipg an Inspired experiment In finan
cial, legerdemain." . ,
Credit Extension to
England Advised to
' Help Export Trade
(By CniTersal Serriee)
New York, Dec. 18. Returning from
a two months' tour cf Europe, George
L. Storm, chairman of the board of
directors of the American Safety Razor
corporation? declares that America has
the first chance to gain the trade of
the world and that early spring will
.see a resumption or. Dig ousiness ior
American industries on a firm basis.
A careful program of financing to
include the extension of credits, especial
ly to England, is imperative, says
Storm. Advocating the development of
the exporting business to England,
Storm said :
"America would like to do export
business only so far as her excess pro
duction is concerned, but lots of things,
some' of which I have explained, are
against her. This is the reason why
many American business men, including
myself, went to England to manufacture
In England for ur foreign market We
must make in pounds and sell in pounds
throughout the world. We must employ
British labor and take in English part
ners in a wide scheme of British
American export development."
not repurchased the shares solcL Elev
enth hour, selling for tax purposes is
expected t develop next week..
New financing by the Standard Oil
companies is attracting attention and
there is much speculation as to . the
purpose to which the new funds will
be used. At this time of the year It is
customary for the Standard Oil com
panies to purchase large amounts of oil
from small producers.
This oil Is Stored and subsequently
disposed of when the seasonal advance
in price takes place.
Bonds to .Reflect
Decreased Power of
Dollar, Say Bankers
Tbat bond prices eventually will move
considerably higher Is -conceded by all
reached bottom and for that reason haveJ concerned in their movement The sharp
The Union Oil company of California
has remitted to the secretary of state
$4593.63, covering gasoline sales of the
corporation in Oregon during the month
of November.
increase recently in the j purchasing
power of the dollar will finally be re
flected in the prices of bonds, accord
ing to bankers who make ; a study of
economic conditions. -Two unusual fac
tors havo mitigated against the natural
rise this year. The hugo amount of
new issues put out at high interest
rates has absorbed a great deal of in
vestment money, aud there also, has
been considerable aellitig ' again this
year to record losses for purposes of
Income tax reports, j
From rpw on new financing is ex
pected to fall off considerably. Money
doubtless will be easier after the first
of the year. Business depression usual
ly favors higher prices for bonds, re
gardless of pfice movement of stocks.
1:
fa. m. today. 1 P. m. report of preceding day.
LOCAL DATA
Portland, Dec, JS. Highest' temperature. 45
aegreen; lowest, temperature, 19 degrees; rWer
reaainc. a. m. n.n it.: eaanrs in lt 9t
nonr. -l.o feet; total rainfall (3 p. m. to S
p. m.) .48 inch; tctal rainfall aince Sept. 1.
i2. ii.m incnes; normal ram rail since Sept.
1. 16.18 inches; excen of rainfall since Sept. 1
1920, 1.63 Inches; funrfee, 7:49 a. m iunset.
4 :27 p. m. ; total sunshine, 1 hour, 45 minute;
inwwnoim atuKnmR, a noun, aa minutes; moonnse,
12:06 p. m. ; barometer reduced ma, level) 9
p. m. 2. 70 inches; reUtire humidity, 5 a. m.
84 per cent, noon 88 per cent, 5 p. m. 74
per cent
Colombia River Bar Report
North Head, Deo, 1 8. Condition if the tea.
?, 9 p. .to.: Sea moderate, wind aoutlieast 34
muea. -v .
Sailors of the Italian
Fleet Flock to Poet
London, Dee. 1$. All the units of the
fleet of Italian warships sent to block
ade Gabriel d Annunzio in Flume and
force his surrender to the Italian gov
eminent, have mutinied and joined the
poet warrior, a dispatch from Vienna
announced tonight.
Inmates of the Boise city jail have
been put to work on the Cottonwood
flume. - ... s
Saturated British
Atmosphere Is Goocf
For Textile Woik
" Frrrm the Will Street Journal
The dampness of. the English cllntite
has made "Ifa raining In London" a$y
word. : Yet how many Americans reaftze
that the moisture which envelops She
tight little isle Is largely responsible
for its preeminence in the textile in
dustry? A saturated atmosphere isijc
essary for spinning fine cotton cloj)h8,
and Britain, situated at the meeting
point of the. warm gulf stream and Uhe
oold currents from the Arctic, gets gull
benefit of the resulting vapor. $
Manv have wondered. nerhaps,i- ifthy
raw cotton should be shipped front Hhe
United States to be spun and woen
abroad, only to be resold here. It ifcjp
peared a reflection on the astutenesi of
Yankee business men ; but these, though
they tried artificial moisture, could mot
equal the results given . by Dame Ma
ture. ' -
Now tjemes the state1 of Oregon fjith
a rival claim to climatic advantages.
Portland's Chamber of Commerce is
launching a campaign to attract textile
manufacturers, pointing, out that jjiot
only are atmospheric conditions similar
to those of England, but other factors
entitle the west coast to considerabn
as me ccnmng cuitvm-piiiiiiiie cllt-c ,v
the world.- ' . . t i
92.00
15,00
95.00
72.00
8.00
4.50.
65.00
100.00
Better Feeling on
Public's' Part Is
Called Good Omen
R. G. Dun & Co. says In a recent re
port: "While a general turn for the
better in business Is still delayed,' ex
pressions of confidence are rather more
numerous. Inasmuch as sentiment. Is
an important factor in any commercial
movement, the Improved feeling mani
fest in various quarters Is obviously an
encouraging indication. With the prog
ress of the economic readjustment, the
future is being viewed with less appre
hension, and. hopes of some revival
Rafter the first f the year are growing
stronger.
"Christmas trade ts not expected to
equal that of recent years, when many
customers were ' buying Indiscriminately
and with little regard , to prices. The
prevailing policy, In contrast. Is one of
economy and retrenchment and of lim
iting purchases to actual necessities."
s local fiecorltiei
Prices qutd are' based en -what la hid,' land
asked. Furauhed by Herein at Bhodea, lnc.h !
Hid. Arjred.
Am. Lifeoeraph Co. $ ltf-60
Rankers' Uortxaae Cofb. . . . 35.00 S 1.00
bearer State Motors Co. ... . .50 i.H
Cremona Phonograph Co.... Hi.
Ilennoa Focd Ca . . ,
Gt. N. V. Livestock I-on Co.
Kilham Co. 7s, 1923
Pac States lire Ins. Co. . . .
Portland Oaa & Coke pfd. . .
Portland Gas tc Coke Gs. . . .
Port. Ry , M. & Pt, 2d pfd.
Port. Kj. Lt & Pr. e
Peoples Bank of Portland. . ,
Wasco Wrhse. t Milling Co..
7i,00
aioo
sihoo
fjJOO
l;00
5100
ijioo
' jjiflo
10l00
T.1
Central Mining Co. '
Is Incorporated at
Capital of $20,000
The capitalization of the Central Min
ing company of Portland, which filed
its articles ot Insorporation Saturday
with the Multnomah county clerk, is
placed at $20,000. The incorporators
are F. R. Pettltt, S. F. Grover and
George. Pratt.
The Beaver Chemical company, Port
land, capitalised at $10,000. also filed
its articles, showing its purpose to be
the manufacture and sale of drugs and
chemical compounds, paints, oils. Var
nishes, etc The Incorporators are F.
W. Merrill -C. W. Fleck, Olof Rapp,
Charles A, Clarke and Jay H. Stock
man. . ' "'"" " . ', '
The body of Elmer Fellows, who lost
his life in the great war, arrived from
France this week and was buried in
the cemetery-at Waterville. -e
Range in Prices ff Liberty Bonds mid
Victory Notes Djiiring the Past Week
Liberty 3S, 1932-47...
Liberty; list 4s, 1932-47..
Liberty; Ed 4s, 1927-42
Liberty! 1st 44s, 1932-47....;...
Liberty 3d 4H.&, 1927-42..
Liberty; 3d 4 Sis. 1928
Liberty Hth 4Vs, 1933-38........
Victory! 48, 1922-23.......
Victory; .3 s, 1922-23..
OFFICIALfJCLOSlKO PRICES
"it
Ur
Mon. Tuesa Wed. Jhurs. Frl.
"90.02 90.08 99M 9.8 89.96"
85.58 88.00 85.90 85.60 85.50
85.02 85.10 85.02 85.00 84.90
86.14 86.08 88.12 . 88.14 85.70
85.20 85.16 85.30 ' 85.10 84.98
87.96 87.94 87.88 87.78 87.40
85.88 85.80 85.90 85.72 85.46
95,10 95.14 95.00' 95.00 95.00
93110 35.14 95.00 95.00 - 95.00
Sat.
"90. 06
85.10.
84.50
85.40
84.S8
87.20
85.16
95.00
95.00
"Forget the Gost
Get the Money"
That's what the Trustee said regarding; this big
Shirt Sale so from now until Christmas Ev we
are going to conduct . . 1 ! 1 . i
The Greatest Shirt Sale
Ever Held in 5 Portland
Beginning Monday morning December
. i
20, at 9
o'clock we offer the entire stock of this factory in
. ' - - - "j n,
3 Big Lots at Less Than Factory Gost
LOT 1
Includes Shirts worth to $2.50 each. Materia
of
heavy percales and corded madras. Sizes 14 to 17.
$ 11 .do
Each
LOT 2
Every Shirt in the factory worth to $5.00 each.
Materials of satin striped percale, Russian cords,
wide and narrow striped poplins, cotton crepe,
fancy madras. Sizes complete from 14 to 17.
$
LOT 3 1 ; '
All Silk Shirts in the factory worth to $10.00 and
$12.50. Materials of silk broadcloth, Eagle crepe,
fancy fiber and cotton and silk mixture. Sizes
14 to 17. f 1
. .:; $.25 ' !; :
'Each '
Regular $2.00 yard Imported Japanese Pongee
and several thousand yards of all kinds of shirt
ings, all to go in this sale at V '
HALF-PRICE I
SHIREK & SON
311 Pine Street at Sixth i
In the Flatiron BIdg., where the American Legion
Headquarters are i
ONE FLIGHT UP
'"' - - j , ,: . . ' j
Factory in operation all the time. Every shirt
guaranteed full size and perfect."
OPEN EVERY EVENING
UNTIL CHRISTMAS
Hi
I