THE OREGON SUNDAY JOURNAL, PORTLA ND, SUNDAY MORNING, JANUARY 16, 1921.
6'
GENERAL PROSPERITY PERIOD IN U. S. PREDICTED
LEADING BANKERS
PREDICT RETURN
Business Outlook
Better; Chiefs
of Nation's Biggest Banks Sayj
Deflation Is Now .Nearly Over.
TO NORMAL TIES
..' Leading bankers throughout the
United States are united In the Opin
ion that business is' near the upward
trend. While deflation will continue
- in various lines, the period of severe
-losses has passed. The labor situa
tion is much easier, money is cheaper
and the general attitude of the pub-
'lie has already made a decided
change for the better.,
This, In brief, is the essence of replies
being received by the; Lumbermens Trust
company to a questionnaire sent to the
' biggest bankers on the continent by Vice
President James Lynch. '
, There is a idieersity of opinion as to
, when there win be a full return to nor
mal conditions. The general opinion of
the bankers, however, is summed up in
, 1 the reply of the Continental & Commer
. clal bank of Chicago, which writes to
. the Lumbermens aa follows :
1" SPRING TO BRIXtjr PEOSPEEITT
"As to when the return of what we
' term "prosperity may, begin: Tie-time
J, element is always (uncertain and diffi
cult to measure, bui where the prophets
" are in good form and attuned to their
' Jobs the time is set for the late spring
. ! or early summer.
Although the business conditions are
"spotty," the. replied the local bank has
received to its questionnaire show that
the general situation is much better
'than one .could expect under such a
- rapid deflation as industry and business
M experienced during
the last six months.
M declared Lynch.
" III n - . tk.l
XJIO IdCl Uldk
business expected
'losses discounted the disturbances and
' in consequence the
' I be measured, only
I taking of losses can
by the fundamental
- ' 1 soundness. o
i said.
business
I
affected." he
' . FARMERS WON'T LOSE
I - These losses haive been severe, but
' . bankers In reply to our questionnaire
: state that merchandise stocks have been
! reduced heavily and the way is now
' - open for resumption of production on
. a sound basis. . I .'
ft 'The Middle West bankers tell us
that the losses of j the farmers through
" lower market prjees have not been
nearly so heavy as first reports made
them appear. The Kansas and Iowa
hankers, in fact, jstate that they look
for a small profit for farmers instead
of losses. They also look for a continu
ous and orderly
marketing of farm
products from nowi
on."
(Hailf Million State
Rural Crbdit Bonds
Will Bb Marketed
' Salem, Or., Jan.) 15. In an effort to
" Tejuvenate the state's farm loan busi
ness, which was killed through the op
eration, of the federal farm lean act in
1917, the state land board Saturday de
' cided to offer for! sale on February 15
. a block of $500,000 in 4 per cent rural
credit bonds.
Money from the sale of these bonds
TT- will be loaned t Oregon 'farmers on
long time to be repaid under the amor
tization plan. I
The last rural credit bonds to be of
fered by the state was on May 22, 1919,
when, out of a block of $50o,000 offered,
but $200,000 was bid in. the three Salem
banks taking $100,000 and the state
treasurer $100,000
that" on April 17
at par. Previous to
1917. all bids on a
block of $250,000
of these bonds were
rejected by the board because of the
fact that all wefe below par.
Tying up of the federal farm loan act,
it is pointed out.) has renewed the de
mand from farmers for state money and
it is with a view to meeting this demand i
that these bonds are being offered for
sale. .
--
Business Declines
For Pacific Coast
States During 1920
Reporting: 977 commercial, failures for
., the year 1?20, with an aggregate indebt
edness of $22,390,818, the three Pacific
states disclose an enlarged business
s mortality, accordjlng to Dun's record of
7 failures for the year of 1920, the latest
returns contrasting with 769 defaults
, in 1919 for $11,070,007, and with 1057
1 Insolvencies fori $13,940,651 in 1918.
! ( In every instance more failures occurred
' last year than in 1919, there being an
i 1 increase of 123 i in (Washington. 38 in
t urcgon biiu ii in v-aiuumia. a reauo-
! tion in the' California liabilities for the
j nine months, moreover, was followed by
"i a sharp rise in ihe year's indebtedness.
'v -urhllA much hMlH.r tntsilfl .. annaor l
; ' Washington and Oregon, the Increase in
ft ' Washington being especially marked.
i hNntner Liabilities.
lit 120 1919. 1918. 1920.
W- Wuhinctoa. .. 250 127 151 $12.261. 4S7
, ' Orwron .. 16$ 130 200 2.113,499
t California . . 55 612 70 8.015.832
Paeiflo .... f7f fe 769 1057 $22,390,818
1919 . 76 ... ... 11.070,007
1
Amount of Money
Per Can
ta Increases
Money in circulation on the first of
December was
$6,363,000,000 compared
with $6,393,000,000 a month before and
a,330,OU0,0UO a
circulation per
year ago, making the
capita $59.41 compared
with $59.48
month ago and $55.65 a
year. ago. The
stock of money in the
4. unit a ataies en ms rirsi or uecem-
i ber was $8,283,000,000 compared with
$8,255,000,000 tl"f first of November and
" .-- $7,783,000,000 a year ago. .'
Range
in Prices of
1 Victory Notes During the Past Week
OFFICIAL CLOSING PRICES
Liberty $a, 1932-47
Liberty 1st 4s. (1932-47.
Liberty 2d 4s, 1927-43
Liberty 1st 4i4s, 1932-47....
Liberty 2d 44s, 1927-42.,.......;....
Liberty 3d 44s, 1928....
Liberty 4th 4. 1933-38
-Victory 44s. 122-23...
.victory rf-s, ivzz-il
NEW OFFICERS
We
;.;JV. Liu
1
V
1 1
Left to rights Mark Skinner and Charles II. Stewart,, new vice presi
dents of tlto Nortbwest National bank. Stewart was formerly as
fdstant deputy governor of the federal reserve bank of San Krancis
oo. For several years prior to that time be was connected with the
state banking department and the First National bank of Albany.
Skinner comet i from the First National bank , of St, Paul, of which
institution he was president. For 20 years before his St. Paul con
nection he was prominent in Montana banking circles.
NEW GENERAL BOND
OPPOSED I BY PAPER
Exchanging of New Issue for All
Outstanding Obligations Seen
as of Doubtful Value.
The proposal to consolidate our
government war loans by issuing
bonds of general obligation in ex
change for those of the several de
scriptions now In the hands of : the
public, does not meet with the gen
eral approval of investment authori
ties, according to the New York
Evening Post.
"It Is questionable." . says the Post,
"whether such a scheme would succeed
in attaining ita object stability in the
price of government obligations. As the
loans now exist, they offer the investor
the choice of a security best suited to
his particular Investment program. The
Victory 3s appeal to the short-term
investor who wants complete exemption
from income taxes; the 4?i"are attract
ive to smaller tax payers seeking a
short investment.: Complete tax exemp
tion for a. long period is obtained in the
3ts and partial exemption for long
periods in some of the 4s and His. A
consolidated loan; would compromise on
all these features, would probably suit
no class of investors as completely as the
separate Issues do now.
"The investor i$ interested in other as
pects of this proposal. The government
could not expect bond holders to ex-
change their securities for something
less profitable in point of income re
turn. A high interest rate would be re
quired on any consolidated issue. The
government's fixed charges would be in
creased. On the other hand, any at
tempt to make the new issue attractive
through a general exemption from taxa
tion would cut into revenue from income
taxes. A higher coupon rate or more
liberal exemption, or both, would not
be favorable to other classes of securi
ties and might easily impede the normal
reduction in the price of money."
Freeman, Smith Co.'s
Melon Is 8 Per Cent;
Officers Are Reelected
Freeman, Smith and Camp company,
investment bankers, at their - annual
stockholders meeting, reelected the fol
lowing directors and officers : Directors,
Frank W. Camp, Frank A. Freeman,
John L. Lilienthal, Thomas A. Rochester
and Gilbert W. Smith. Officers. Frank
A. Freeman, president; Gilbert W. Smith
and John L. Lilienthal, vlce( presidents,
and Frank W. Camp, secretary and
treasurer. An 8 per cent dividend was
declared.
The company is offering a select lot of
Pacific Xorthwest municipals, including
Douglas county, Washington, 6's at par
to yield 6 per cent ; city of Enterprise.
Or., 6's at par to yield 6 per cent : city
of Marshfield, Or., 6"s at par to yield 6
per cent; Port of Astoria, 6's at 98.23 and
accrued interest to yield 6'i per cent;
city of Toppenish, Wash., 7's at par and
accrued interest to yield 7 per cent : city
of Casper, Wyo., 6's at 97.50 and accrued
interest to yield from 6.38 per cent to
7.29 per cent.
In addition to the foregoing the com
pany is offering a choice list of Ca
nadian city and province bonds to yield
from 7 per cent to 8 per cent, includ
ing seasoned boi.ds of Winnipeg, Man. ;
Vancouver, B. C, and the province of
Alberta.
Officers Reelected
By Bank at Albany
Albany, Or.. Jan. 14. Alfred C.
Schmitt was reelected president, J. P.
Wallace and P. A. Goodwin were named
vice-presidents, and J. C. Irvine was
reelected cashier of the First National
bank at a meeting of the stockholders.
The directors elected, were Mr. Schmitt.
Dr. Wallace. W. A. Barrett, L. E. Blain
and M. Senders, i Assistant cashiers
elected were Ralph McKechnie. Hiram
Torbet, John Bryant, Dan Brenneman
and Ed Barrett. The First National and
First Savings banks are under the same
directorate.
Liberty Bonds and
Mod.
Tues.;
Wed. Thurs.
Fri.
92.14"
86.80
86.80
87.40
87.00
90.10
87.20
97.26
97.26
Sat
92.i2
86.80
86.90
87.04
87.12
90.20
87.22
97.20
97.20
92.20
86.50
86.80
87.70
. 86.92
92,14
87.00
"92:30 92.20
86.80
86.90
87.04
86.78
,89.94
87.80
96.88
96.88
86.50
86.80
87.50
86.9
90.3O
87.28
97.00
97.00
86.60
86.50
86.53
89.70
86.76
97.00
97.00
90.34
87.33
97.00
97.00
OF LOCAL BANK
I V -'Ml
STANDARD ISSU
IES
LEAP MATERIALLY
Initial Priroe Irrorrnlor R i
"' "&""" uui uo-:MifiS
f.,. p p I I . i
TOre UOSe Ueneral LlSt IS
-r i ii r i
ionea up; neaaing Leaas.
By Broad an Wall
New York, Jan. 15. Although
trading was on a light scale during
the half session today, the stock
market presented a strong front,
gains ranging from a fraction in
the standard issues to het-rly two
points in specialties. The railroad
shares did little worthy of note wth
the exception of Reading, which rose
nearly two points to a new high
price for this movement.
Initial, prices showed irregularity, but
before the end of the first hour the gen
eral list firmed up under leadership of
r,;- T'',Tr.L:"".Pv. "tithe gains sterling has registered since
V.;V R.,';.:h:
icati Woolen
also a fair iiuiuirv
at an artv..,, r,t n,nr f .
There was some profit taking toward !
the close of the session, but final quota
tions were near the best.
Very little credence is nlaced in the
rise of Reading common. It is true that
the stock has risen about 4 points within
the last two sessions and that the bull
tip circulated on it as earlv as WpHn As-
day has made good, but it appears that
the rise is due to the activities of a bob
tail pool in the issue. The veterans of
the stock market regard the stock as a
good thing to be let alone in view of the
character of the propelling force.
There is probably not a stock on the
list that has as many admirers as In
ternational Paper at. present prices.
The bond market was steady with
strength in the Liberties and Interbor
ough Rapid Transit refunding 5s. A
good criterion to the inquiry for good
bonds yielding a high return may be seen
in the fact that allotments of the $30.
000,000 Northwestern Bell Telephone is
sue were about . 30 per cent. Iu other
words, subscriptions were more than
three times the amount offered.
8831 Commercial
Failures Are Noted
In IT. S. in 1920
Preliminary returns to R G. Dun &
Co. disclose 8831 commercial failures in
the United States during 1920. as against
only 6451 in 1919, when the business
mortality was exceptionally moderate.
The liabilities of the year 1920 also re
flect a sharp increase, the $287,772,471
shown in the incomplete statistics com
paring with slightly more than $113,
000.000 in 1919.
While fewer insolvencies occurred in
the first half of 1920 than in that period
of the immediately preceding year, the
indebtedness was appreciably larger,
and both the number of failures and the
liabilities were heavily augmented ih
the last two quarters of 1920.
Failures by quarterly periods in the
two last years compare as follows :
1920-
1919-
o. Inabilities. No. I.uiWTit.i
1st Qr. 1627 $29,702,499 1004 $35,821,052
2d Qr.1725 B7. 041,377 153 32 889 834
3d Qr.2031 79.833,593 1393 20 3o 72
4th Qr. 34 88 121,195.000 1595 24 349-69
Tear.8S31 $287,772,471 6451 $113,291,237
S. P. Employes Lose
Savings, Then Are
Warned to Be Wary
T. O. Edwards, auditor of the Southern
Pacific company, issues a word of warn
ing to the thousands of employes of
the Pacific system against putting their
savings into purely speculative ventures.
This warning was prompted by recent
discovery that a number of emnlovea
had lost Liberty bond savings and other
nest eggs through the misrepresenta
tion of artful and unscrupulous pro
moters. "No matter how attractive the propo
sition may seem on the surface, says
the Southern Pacific's financial author
ity, "employes before investing their
savings should consult with some re
sponsible banker in their community,
who will gladly give them frank and
unbiased advice, whether they are pa
trons of the bank or not. There are
many opportunities for sound and prof
itable investments at the present time,
but there are also attempts being made
every day to defraud the public and
impose upon the credulous."
Fine Business
Landlord I've just come to tell you
I'm going to raise your rent.
Tenant Great ! I can't ever do it
myself.. ;
Edited by
Will F. Hessian
BANKERS BANQUET
Officers, Directors and Working
, Staff of Peninsula National
Make Merry at Dinner-Dance.
Tuesday evening, January 11, the
Hollyhock room of the Multnomah
hotel was the j scene of the annual
banquet of the Peninsula National
bank. The officers, directors and
the entire working staff of the bank,
and the staff of the Peninsula Secur
ity company, which is closely affili
ated with the bank, were present.
F. C. Knapp, chairman of the board,
acted as toastznaster.
John N. Edlefsen, the newly elected
president ; Frank P. Drinker, president
of the Peninsula Security company and
vice president of the bank; E. F. Doylei'
secretary of the .Security company, and
Directors Couch, Carter and Russi spoke
briefly on points of interest, covering
the history of the bank for the past ten
years. George J. Perkins, Miss Grace
Cole and E. J. Whelan, also made short
talks. Several vocal selections were
rendered during the dinner, after which
the balance of the evening was spent in
dancing. I
'Those present were : Mr. and Mrs.
I John N. Kdlefsen, Mr. and Mrs. Fred C.
I Knapp, Mr. and Mrs. Frank P. Dnnkep,
Mi, and Mrs. Charles B. Russell, Mr.
land Mrs. 1. J. Wright, Mr. and Mrs. H.
F. Doyle, Mr. and Mrs. H. W. Bonham,
I Mr. and Mrs. K. C. Couch, Mr. and Mrs.
I C. H. Carter. Mr. and Mrs. E. S.
i Currier, Mr. and Mrs. M. G. Russi, Mr.
and Mrs. George J. Perkins, Mr. and
I Mrs. Gordon S. Ogden. P. H. Edlefsen,
IX H. Knowles, Franz. unnKer, j-mssen
Drinker, S. L. Dobie. Miss Grace Cole
oiara Cole. Miss Hildagarde Dur-
land. Miss Virginia Dunsmore, Miss
I Gladys Bredeson, i;. J. Whelan, V. J.
i Larsen.
Bankers Optimistic ;
Over Improvement'
In British Pound
By Robert J Bender
New York, Jan. 15. International
bankers see in the recent improvement
of the British pound sterling's position
and the reflection of the sterling rise in
other European rates a basis for optim
ism in consideration of Europe's ability
to increase her purchases on the Amer
ican market
Although its immediate effect on trade
may be negative on account of the hesi
tancy of buyers abroad and although
January 1 may be due in part to tempo-
Jr .. . . , s
I IsrillSil exenange marK.CL cuau.iuw i..u.,
authorities point out. and despite fluctu
ations by which recent transactions have
been marked there are indications that
imuaH trsmd tnav have a decided
maintarv pffert on the United Kingdom's
I foreign trade.
I The Guaranty Trust company, in an
I international trade survey just out.
notes the fact that some of the Euro
pean rates have reached the highest
mark in many months.
Administrator Named
To Salvage Funds of
James F. Callahan
Spokane, Wash., Jan. 15.- To salvage
for James F. Callahan such part of his
funds as lies in the bonds held by the
Fidelity National bank of Spokane, the
Ladd & Tilton bank of Portland, Or.,
and the Guaranty Trust company of
New York, Attorney Davis R. Glasgow
New today.
PORTLAND
INCOME PROPERTY
The Best of All Investments
Think of the r-rofits made before
the 1905 fair. The same opportuni
ties are here again another World's
Fair 1925.
WEST I SIDE
3-story brick apartment with fur
niture. Pays 6 per cent net on S182,
000.00. Will sell tor $85,000.00.
Downtown flat building. Pays 6
per cent net on 550,000.00. Will sell
for $30,000.00.
3-story apartment, 1 block off
Washington street. Pays 6 per cent
net on $38,000.00. Will sell for $21,
000.00. Part cash and mortgage will handle
these pieces.
GET PARTICULARS CALL OJT US
H. Hi Urdahl Co., Inc.
Main 6253 $33 Abinyton Bid?.
RIVERA
SEVERAL FINE HOMES
Modern in every respect, with
wonderful views of river and
snow-capped mountains, beautiful
grounds, trees and shrubs well
grown and ready to enjoy.
RIVERDALE
WELL BUILT, WELL PLANNED
A MODERN HOUSE,
The house is set. in the midst of
trees and luxurious shrubs, only
a block from Riverside Drive and
the river. The neighborhood is
unexcelled. Would take a smaller
house as part payment.
MRS. HELEN S, TURNER
IMS Spaldla Bids. Mala 8M.
Residence Hirer dale, Mala 7271.
AT MULTNOMAH IN
ANNUAL GATHERING
was appointed by Judge Blake Thursr
day as special administrator of the es
tate of John B. Milholland And Jay E.
Hough.
An increase of over $13,500,000 In the
gross value of the mine products of
Idaho in 1920 ovr those of 1919 is
shown in the report just issued by Rob
ert M. Bell, state mining inspector of
Idaho, according' to word from Wal
lace. . The All-Present Thought
"Aren't you interested in saving day
light?" "I am more concerned in hoarding up
moonshine."
3TEW TODAT
ESTABLISHED 1893
HOTEL KEEPERS. RESTAURANTS,
GROCERS
TOMORROW (MONDAY)
AT THE BAKER AUCTION HOUSE,
YAMHILL AND WEST PARK STS
THE JEWEL TEA CO- WHO ARE
RETIRING FROM BUSINESS IN THE
WEST, HAVE CONSIGNED THEIR
STOCK TO US FOR AUCTION SAL,..
AS FOLLOWS: COFFEES, COCOA
NUT, SPICES. BAKING POWDERS.
SHREDDED SOAPS, EXTRACTS.
TOILET ARTICLES, ALUMINUM
WARE, ' ENAMEL WARE, CHINA
WARE, GLASSWARE AND MANY
OTHER ITEMS. THE WHOLE OF
WHICH MUST BE POSITIVELY SOLD.
SALE STARTS TOMORROW
AT 10 A. M.
ON TUESDAY NEXT
WE HAVE RECEIVED THE VERY
FINE MAHOGANY AND QUARTER-
i SAWED OAK FURNISHINGS, RUGS.
ETC FROM A RESIDENCE IN THE
HAWTHORNE DISTRICT, WITH IN
STRUCTIONS FROM THE OWNER
TO SELL THE SAME AT AUCTION
ON TUESDAY
NEXT
Comprising: Costly Carved Mahog
any Arm Chair, also Mahogany Chairs
in rare old designs in rich coverings.
Mahogany Settee. Overstuffed Tapestry
Davenport, Antique Turkish Tabourette.
Mahogany Quoen Anne; Davenport
Table, Mahogany Pedestals and other
costly Parlor Furniture, Solid Mahogany
Library Table. Electric Table Lamps.
Floor Lamps, Drapes, Costumer, Sec
tional Bookcases, Parlor Desk, costly
Folding Screen, Rattan Kockers and
Chairs, Music Cabinet, Oak Combina
tion Bookcase and Desk, Sets of Books.
Wilton Rugs in good designs 9x12, two
room-size Rugs in old rose (nearly new).
Mahogany William and Mary Dining
Room Table (54-!nch) and set of Chairs
to match with leather seats, also quarter-sawed
Oak Dining Table, Chairs and
China Cabinet, Dinner Set. Victor Ma
chine, Cabinet and Records( small Rugs,
Hall Tree, Hall Chair, Brass and Iron
Beds in full and three-quarter sizes, all
complete with best steel Springs, felt
mattresses, pillows ; Dressers in Cir
cassian Walnut, Ivory and Quartpr
Sawed Oak, nearly new . Gas Range,
Electric Range, Parlor Pool Table and
many other lots. -" ,
AUCTIONEER'S
NOTE
rrow and look over the full list of goods
ior mis auciion, as we are unable to do
them juttice in this adv.- So call and
look them. over at four leisure.
i AT 16 A. M.
On THURSDAY NEXT
AVE SHALL SELL A LOT OF
HOUSEHOLD GOODS FOR VARIOUS
CONSIGNORS. SALE AT 10 A. 31.
w K rt't nnrKvunt.T) n'rMti rnn
I CASH. FHONE MAIN SSS3.
DON'T OVERLOOK THE AUCTION
FOR THE JEWEL TEA CO. TOMOR
ROW AT 10 A. M.
W. C. BAKER and W,' H. DEAN
Furniture Dealers and Auctioneers
Pythian Building
Yamhill and West PaJ-k Streets
FORMERLY MASONIC TEMPLE BLD.
AuctionSales
AT WILSON'S AUCTION HOUSE
19-171 SECOND ST., NR. MORRISON
Monday, Wednesday
and Friday at 10 A. M.
For MONDAY'S SALE1, Overstaffed
Davenport and Easy Chair, genuine
Leather Patent Jtor Iters. Leather Set
tees, Couches, Library and Stand
"Pables, Bookcase and Desk, Carpets,
Bogs, Portieres, Pictures, Linoleum.
China Closets, Buffets, Reund and Sqnare
Extension Tables, Dining Chairs, costly
Black Walnut Bedroom suite. Brass and
Iron Beds, Springs, Mattresses, Pillows.
Blankets, Spreads. Chiffoniers, large
"jewel" Combination Range, Malleable
and other Steel Ranges. Gas Range,
Kitchen Cabinets, Utensils, lot Canned
Fruit, etc. Also
5 Pass. Hudson Automobile
In good running order.
WEDNESDAY and FRIDAY we sell
again at 10 a. m. ;
GENERAL CONSIGNMENTS OF
HOUSEFCRMSHING8 OF ALL BE
SCRIPTIONS. COME AND BIT AT
YOUR OWN PRICE. BARGAINS-FOR
EVERYBODY.
We Sell Goods at Private Sale
Are you looking: for
OVERSTUFFED DAVENPORTS AND
EASY CHAIRS!
We have some very I choice pieces,
brand new. Latest coverings and abso
lutely the finest workmanship, at re
markably low prices. Also all kinds of
Living Room Fnraltare. in Mahogany
and Oak.
MAHOGANY AND OAK DINING
SUITES !
Mahogany. Walnut, White Enamel arid
Oak BEDROOM FURNISHINGS.
Carpets, Room-Size Rngs, LInoIcnm.
etc., Steel and Gas. Ranges of the best
makes. , .
Goods sold at private I sale are prac
tically atw, folly guaranteed and deliv
ered. :
: , J. T. WILSON, Auctioneer.
Cash paid for Furniture- Call Main 1626.
Sew TODAY
ALAMEDA
RESIDENCE
NEVER BEFORE OFFERED
FOR SALE
402 EAST 53D ST. N.
Bungalow, 5 rooms and large attic,
fireplace, hardwood floors ; furnace
will be Installed.
550 EAST 46TH N.
Bungalow, S rooms and large a.ttic,
furnace, fireplace, hardwood floors ;
all built-in -conveniences ; garage.
CLOSE-IN IRYINGTON PROPERTY
On splendid quarter block : house
of or more rooms, hardwood floors
throughout, gas furnace ; easily con
verted into apartments. Full par
ticulars by calling
MRS. HARRY PRICE PALMER
EAST ?9J
440 EAST 21ST NORTH
Apartment
of 36 rooms, 9 apartments; lobby
40x90 feet; building 40x80 feet,
2 stories.
Income $132
Per Month
Will trade for residence in Port
land, Pocatello, Idaho; Boise,
Idaho; or Seattle, Wash.
C. J. Cullison
REAL ESTATE
205 H Morrison Main 5478
Installment Loans
OX IMPEOVED
City Property
From One to Ten Tears
NO COMMISSION
Union Abstract Co.
88 FOTTKTH STREET i
Irvington
BUNGALOW STYLE HOME
Large living rcom in gray finish;
old blue dining room, sun room, large
Dutch kitchen ; also 1 bedroom and
bath first floor, 3 bedrooms second
floor ; garage ; full cement " base
ment. VERY LIVABLE HOME
MRS. HARRY PRICE PALMER
440 EAST 21ST ST. NORTH
F.AST 77
PEDIMADr..?.
ares built on the
Paclfio Coast. Ia 4-ft. sections or units.
Easy to handle, e7 to erect easy ta .
ship. Freight very low Get Catalog-n.
REOIMADE BUILDINO CO., Portland, Or.
K. 1 l.th and Market or 803 Lewis Bide.
Phones East 81 14 or Bdwy 4335.
SEND US YOUR OLD CARPETS
(We Call and Deliver)
Ota Rug and Woolen Clothing We Make
Reversible, Hand-Woven
FLUFF RUGS
8x10 ft. Fluff Rug $17.50
3 X 6 ft. Fluff Rug 4.25
Rag Ruga Woven, All Slzee Clothe
Cleaning and Dyeing Depk Mall Order.
Send for Booklet Mattresiee Renovated,
Made Over, Mad to Order Feather
Renovated.
Carpet Cleaning, Refitting, Etc
8i12 Ruga Steamed 3leaned, $1.60
WESTERN FLUFF RUQ CO.
5-60 Union Ave. N. East 651
LADIES Save your old carpets, rug
and woolen, clothing. Let us make
new rug's tor you
The oldest and best-equipped factory.
Fluff and rag- rugs woven all size.
Carpets refitted. txlS rugs steam
cleaned, fl.SO. We call and deliver.
188 E. EIGHTH ST. Phone East SS0
23rd Near Washington St.
2-flat bldg., modern, fine condition ;
rental value, 1120 per month; live in
one. rent the other. Lot alone worth
the price
$12,900
E. J. DALY
, . , -f
881 FAILIJfO BLDG.
Portland Rug Co.
FLUFF RUGS MADE FROM OLD CAR.
PETS RAO RUQS A SPECIALTY 1
CARPET CLEANING, SIZINQ REFIT.
r i ra u w a call, Ann uclivkr ,
1672-74 E. 17TH ST.
SELL. S622
. i I -- - i
"'""wnaaa
mm mm
mmmm&m
JfEWTOPAT
WESTOVER
TERRACES
- ; - t :
"Portland's Best View
Homesites" .
THE HOME FOR MOTHER
Because of the Sunshine '
"!"'.' and View ,
A HOME FOR FATHER.
, Because so Easy ' to Get to
THE. HOME FOR
CHILDREN
Handy , to . Public and " Private
Schoolsl Churches Parks and
Cliibs and as fine a library as we
liave seen anywhere. In a word,
-every convenience; of a great
city, yet with every advantage of
the country. j '
WE WILL HELP YOU BUILD
j IF DESIRED
It's not too early to select your
homesite now, so as to be pre
pared to build later. .
Toa May Phone, Call or Write
HAROLD JOGCK, Secretary -
International Realty
Associates
HO Tenth Street
Pittock Block
PJione Broadway 110
Willamette
is :
A Lovely Small Home,, With
View That I Unsurpassed
Central hall, large living room,
dining room, most complete but
ler's pantry and kitchen; 3 bed
rooms, with large, open porch;
Gasco furnace j finest electric
range, Radiantfire; gas heater, lin
oleum, . drapes and refrigerator.
Choice of one or two unusually
deep lots; beautiful shrubbery.
At a sacrifice price.
MRS. HARRY PRICE PALMER
440 EAST 2 1ST. ST. N.
V East 7976 V,
BUILD A HOME IN 1921
SEE OUU WOKK 1 1 EST
OUR 12$ HOMES
last Wilson j SOS E. SSd St. T.
' 8 E. 57th St. ! CHS K. lith St. X.
871 E. f 4th t. ?f. 126S E. JSSd St. S.
8C E. 80th St. ?f. 242H E. 4tB St. 8.
87S E. SOlh St. Ji.
H. R. KIBLER
.A Reliable Builder
MARSHALL S7$
New Homes
Easy Terms
Will build at once
five modern homes in
Richmond district
with features of your
own selection.
Sturm-Kef er Go.
214 FIFTH ST., COR. SALMON
Busi
mess
rty
On Williams Avenue . ear Russell
Lot 0x100 and good 6 room house.
Thin property is well located tor
apartments or stores and is an. ex
ceptionally ajood buy at J7500.
MADDOX & BURCH
IU Coneh Bldyr Automatic K.l
Stop! Look! Listen!
' We buy, sell and trade equities.
-
Farms,- business : property, resi
dences for sale or trade. -
Renting and collection of rents &
specialty. We have cash buyers listed. :
List your -property with us.
PIONEER EMPLOYMENT CO. :
14 WORTH SECOND ST.
PHOSE BROADWAY. 8278
Hetehl
Prope
NFW TODAT
BEAVERTON
Realty Offerings
My list of property for sale is en
tirely too ions to enumerate all, but 1
will mention a few real bargains, real
snaps that require quick action for
those who are ready to buy.
No. 32 An 8 room house on Tine acre
of ground in the town, 10 minutes'
walk to Htatlon or school, on rocked
street. $4000 1 half, cash, balance to
suit at 6 per cent.
No. 40 A strictly modern houae on
one acre of ground. 4 rooms besides
bathroom and pantry; gtnnJtbm,
plenty fruit, on rocKeii street. min
utes' walk to station and ischool.
$2X50; half cash, balance to Vuit at
S per cent.
Mo. 47 A' 6 room house on 90x100
iot, on paved Btreet, strictly modern,
a new house that never has been oc
cupied, at $3500, at any reasonable
-.errns wanted ; deferred payments
6 per cent.
No. 4& 4 room house, same descrip
tion as No. 47 at $3000; same terms
as the- above. . These two bargains
san be . appreciated by seeing them
anly.
84 Acres
Well Improved, adjoinlngf Keedvllle,
all but 10 acres clear, balance in pas
ture, on rocked road, 60 rods from the
paved higrhway.-
C have any amount of acreage to
jffer and can frankly say that it will
pay anyone who contemplates in
vesting In real estate In the near
future to come out here and see what
I have. It ia only a U0 minute ride
and I will assure - anyone that the
visit will be worth more than it
costs, whether you buy or not.
Any reliable Information regarding:
real estate will bo freely given any
one, whether he buys or no.
E. E. SWENS0N
Beaverton's Realtor
eavertoia
Realty for Sale
Stroud&Co.Jnc.
11 acres, all in cultivation, mod
ern 7 room house, basement, with
barn, 3 chicken houses, orchard, all
kinds of fruit, on highway close to
Reaverton.
Modern 6 room bungalow. 2 lots,
woodshed and garage, small frujt.
In Beaverton. This is a snap if
taken quick.
31 acres west of Reaverton. all
cleared, plenty of water, good
room house, all In crops good buy.
5 5 room house close in, one lot,
close to school and church. Can be
bught cheap at good terms.
10 acres near Beaverton, covered
with second growth tip. $150 an
acre. Good terms. . r f
Asparagus and garden truck, 18
acres, very good house, close, to
Beaverton. Good property, bears
the strictest investigation.
-- We will sell you the land and
build you a home as per your own
plans, on reasonable terms. Inves
tigate. STROUD & CO., INC.
BEATERTOX REAL ESTATE
DEALERS .
MEETING KOTJCES
41
IOHTI.AND STIR HOME
STEAD NO. 4 2. BROTH Kit
HOOD OP AMKKICAN T Ho
me a. rtU gi'e a duct Thur.
ere.. Jan. 20. in the Turn
Veretn ball. 2S5 13th t. Mu
sic by Blu Harmon 5. TETTA
HALVES, Correspondent, i'05
Aliaky bid. Phone Main 6356.
. . . .. . r.'., I. CI T , . V
&038. B. A. Y. Siiort bui
seu meeting Wrdnewiay, Jan,
1921, Women of Woodcraft hall,
10th and Taylor ., 8 o'clock
aharp. FEABIy OWENS,
Correepfoden.
212 Railway Eichange bHc- Phone Main PS 7.
M. W. A.-K N, A. Joint tntalltSTn
of officer : ot Oregon Oak, Albert
and Roe City camps. U. W. A, ami
Oregon Hone camp, R. N. A., at M.
W. A hall. No. S. llti . (rt
Stark)' Monday e'eolng. Jan. 17.
Friend eordiaOy Incited.
It. J. WHIPPLE. Cocial
J. W. SIMMONS. Clerk. 818 Teon bldg.
MASONIO AND EASTERN
by all O. K. 8. chapr of
city, at Auditorium. Wednes
day, January 16. 1021. AH
Masons and members O.
and their friends are especially
inrited to attend. Cirand march
at 8 30. y
OREGON ASSEMBLY No. 1, United Artisan,
will kits dance and card party Thuradsy ee
ning. Jan. 20, at W. O. W. hsll. 129 11th st.
Iancing all erening in hsll No. 1. Csrd up
stairs. Card pnsea will be gien. also door
prize. TTnion niusi'-- A good floor eommilte,
who win see that all hare partners. Admission
35c ETerybody come and enjoy a pleasant
erening. E E. VAN-' ALSTINE, hec.
VICTOHT SOCIAL chib will hoM a
dance and beeket aortal Monday
night, January 17, in Masonic ball,
at Archer place. ML Scott car. Mem
bers and friends of the Masonic sn.1
.astern Btar order cordially inrited
Prize will be given to to. highest
bidder.
EAST GATE 1X5 DO 15 N. 155, A
P. eV A. Esst 80th and
Glie t.
Stated com m uaietirn MondsT
nighty 7 :30 p. m. Work ia M. M.
degree. Visitors welcome. By
order V. M.
CIIAfl. P. NELSON, p-c
500 PARTY gien by Royal Circle No. 529.
Neighbors of Woodcraft. Wednesday eemns.
January 19, at W. O. W. hall, 128 lltb si.
H prizes. Cards 8:30. Marzaret Wertheka,
clerk. .
EMBLEM JEWELRY a specislty. buttons, puss.
diaima. Jaecei Droa, 131-133 6ka eb