12
THE OREGON DAILY JOURNAL, PORTLAND, OREGON
MONDAY, MARCH 21, ' IZZl.
MT JEFFERSON'S
BEAUT ES
HAM
HARDY CLIMBERS
, The 'approach of the out-of-door
eaaon In the Oregon .country . ln
splreti an expression pf personal ex
perience. The grandeur of the
Mount Jefferson country drew my
wife, our twodaughtera and myself
last summer for the second time as
the best place to take our annual
vacation. ' . ' ,
On July 4 we left Albany " on , the
Hoover branch train and arrived at the
little mountain town of Detroit, 54 miles
away, at 6:30 p. m. Here we obtained a
pack train of five horses and a guide to
carry our provisions and , bedding; to
.Pamelia lake. 21 miles east. We-traveled
four and one half miles east that
evening1 to Idanha and spent the night
at the Hammond lumber camp.
The next morning we took: the trail
and hiked If miles to the foot of Mount
Jefferson. Our pack train overtook us
at "Woodpecker cabin, the range sta
tion. BAKGEB9 THOCGHTFliL
The rangers at this place are thought
ful of-the needs of tourists and keep a
supply of postal cards and stamped en
velopes on hand. .They also cooperate
and have the first returning' tourist take
the mail to the nearest postoffice.
: The rangers keep the trails free from
fallen timber, which -makes traveling a
pleasure for the -tourist. Famelia lake
adjoins this station. The lake is closed
to fishermen for two years, but we
caught beautiful trout in the creeks
above and below the lake.
July 18 we started our climb of Mount
Jefferson and after eight hours reached
the summit, fron which we had a won
derful view. To the south we viewed with
the naked eye Mount Shasta. 400 miles
away. We also saw plainly Three Fin
gered Jack, Washington, the Three Sis
ters. Broken Top, Theilaen Pitt, the
Paulina mountains. Blue mountains,
many lakes and the. wheat fields of
Central Oregon. i
The view of the north was cut off by
the pinnacle of Jefferson, which we were
unable to climb owing to the deep snow.
We returned to camp at 8:15 p. m. We
spent 12 hours making this 11 mile hike.
PARK SCESEBY ADMIRED
As the maps did not show the lakes
to the south of Jefferson which we had
een from the summit, we determined to
go on a trip of exploration. "We went
by way of Hunt's cave and reached the
high plateau by noon of the first day.
We found a prreat natural park equaling
If not exceeding in beauty and scenery
anything , we had previously seen.
This park lies between the summit of
Mount Jefferson on the north. Hunt's
cave on the south, the main range of
the Cascades on the east and Pamelia
creek canyon on the west. It has, an
area of about six -square miles and aji
elevation of about 7000 feet, -the highest
part being the glaciers on Mount Jer
ferson. A leading characteristic of the regioji
is the many green valleys extending to
the glaciers. The valleys are carpeted
with deep green grass and produce a
large variety of beautiful flowers."
Among the flowers we found, the
.names of which were familiar, were
masses of .blue lupin and pleabaues,
white everlastings ; red, white, pink, ver
milion and carmine Indian paintbrush;
white and pink thistle, buttercups,
daisies, red columbine, white anemones,
yellow and pink monkey flower; gold
banded Mariposa lilies, white heather,
royal purple and white heather, pink
By Douglas Hewitt
IN PICTURESQUE MT. JEFFERSON REGION
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Scenes near Mount Jefferson In tho heart of the Cascades, that liolds much for. the out of door enthusi
ast on his midsummer journeys into tho open. -
birch leaved spirea and " the rare and
beautiful chalice cup.
BEHRIES PLESTIFCL '
Mosses, blueberries . and huckleberries
were also abundant. , The valleys are
separated by small gray granite ridges,
upon which grow hemlock and fir. On
the south side of the park we found 17
lakes, varying in size from an acre to
10 acres. If fish were planted in these
lakes the park would soon be one of the
popular - summer ; camps In the 'west.
Among the wonders are two "streams
which originate on this high table land
and jump off lata Pamelia creek canyon.
2000 feet below, : forming falls unsur
passed in beauty, : ;
The Devil's Backbone, four great rug
ged masses of rock on the southeast, is
an Interesting wonder. It is -a ragged
mountain and enormous jagged volcanic
mass, rising precipitoasly 8000 feetj-If
it stood alone it would be a wonderful
mountain, but being bo near Mount Jef
ferson it is robbed of its grandeur.
This entire region bears abundant evi
dence that Jefferson in its active days
was- one of the great lava mountains of
the continent. The evidence would point
to Mt. Jefferson being much .higher at
that time than It now ia.
CliOUD EFFECT CHARMS
While In the park we had a vivid
demonstration of the effect of a high
mountain on clouds. A small cumulus
cloud was sailing by the top of Jeffer
son when the mountain seemed to reach
out an Invisible hand and catching 'the
trailing garments drew it back and then
caressed it like a mother fondles a child.
Soon the cloud began to grow until It
covered the entire top of ' the mountain,
and then, as if by magic, other clouds
almost - simultaneously appeared in the
surrounding blue. . Then it seemed that
the mighty mountain issued a - call to
the clouds of the. sky, vchich appeared
almost miraculously. Sotfn the entire
surrounding country near the mountain
was overcast. A sharp flash of lightning
and then a loud peal of thunder that
leaped and reechoed from peak to peak.
It was but a few moments until the rain
started falling. ; All this came from i a
little cumulus cloud scarcely bigger, than
a man's hand,' that was floating alone In
the sky 40 minutes before. :
After a hard tiay's work: exploring the
peak we camped at an elevation of 7500
feet. The night was chilly, for, ice formed
on water near by.
IEGESD RECALLED
Grizzly Flats are situated three miles
from this place. ' According to Indian
legends the great battle between the
Indians from the east of the mountains
and the Indians of the west was fought
on these flats. - The contest was for .the
possession of the fine hunting -grounds
of the Jefferson country. The battle Is
said to have lasted five days. The'in-
LATT f
'CSL
or-'
2
si
FATIMA-
CIGARETTES ;
I.ICCITT & Mtih Tobacco Co,
vaders from the east were driven back.
so the western.- Indians 'dedicated the
battle ground to their war god, and as a
token of appreciation - for the victory
burned it off every year. ' Today nothing
grow on these flats save huckleberries
and acre after acre of flowers. One can
also pick up arrow points at various
places 'on the flats, which are doubtless
relics of that great battle. The old In
dian encampment can be Identified along
one of. the two large creeks which have
their origin in' the flats. Owing to the
openness , of this country the. berries
ripen much earlier here than in the park.
We spent i nearly five weeks in the
mountains. - making the camp at the
beautiful Pamelia lake our base of sup
ply. We hiked about 200 miles during
that time to points of interest, v
Aims of Community
Chest Drive to Be
Explained at Meet
A mass meeting designed to make
plain the entire aims and purposes of
the community chest and of the partici
pation in the : drive by the Portland
Service league, will be held Tuesday eve
ning at " 8 o'clock at The Auditorium.
Full explanation concerning this coordi
nated plan for financing Portland's-phil
anthropic organizations and institutions
for the coming year will be given by
Mayor Baker, Rabbi Jonah B. Wise, B.
P. Irvine, J. EL Gratke, Rev. W. T. Mc
Klveen and Father George Thompson.
An organ concert, solo and community
sing will vary the program. v
The active work of securing the 8850,-
000 necessary- to carry on Portland's
work among the dependent, . sick and
needy was begun this morning. .
.The first formal pledge of a substan
tial donation came from A. H. Johnston,
proprietor f a chain of three Coffee Cup
restaurants.! He notified Chairman K. N.
Strong of the Merchants and Industrial
committee that he would give the entire
gross receipts for one day from all three
of his eating places and requested that
the campaign committee designate the
day. Johnston said he felt- sure he
would be able to turn in at least J1000
to the fund.
At the Chamber of Commerce mem'
bers forum Judge ., John H. . Stevenson
represented the chest. Ralph C. McAfee
spoke for the drive at the- meeting of
the Musicians' club at the Bens6n hotel.
At the Rotary club luncheon a the Ben
son hotel, Tuesday, Br F.' Irvine Will be
the speaker. The Kiwanis club will turn
over Its entire program for its Tuesday
meeting at the Benson hotel to the com
munity chest work. The speakers will
be District Attorney Evans and Mrs.
Louise Palmer Webber, 'while the Rosar
ian quartet will sing. '
Reductions in War ,
Issues in February
Makes N6w Record
In February outstanding war issues' of
the United States were reduced by $55,
416.713, the largest reduction in any
month in the current fiscal year which
began July 1. Total reductions in war Is
sues has crossed the 83,000,000,000 mark.
Of the $55,416,713 obligations -retired in
February 853.213,400 were Victory bonds.
The treasury is concentrating its. pur
chases of securities on Victory notes be
cause of the early maturity of this issue.
BANKERS ARE EARLY - BUYERS OF MOTOR STOCKS
PURCHASE
MOTOR
SHARES AT START
New". York, March 21. tLi N- S.) The
stock market closed heavy today. The
marirAt- howM n. heivr tone in the late
dealings, nearly all the leading issues
closing at new low level for -the day.
United " States steel ten i poini io 0014,
Baldwin, reacted 2 points to 87 and Cru
;ia int a nntntn to 88 i. Mexican Pe
troleum declined 3 points to 144 and
Pan American Drone z pomia 10 wm.
stixiohairor held- nuite steady around
694. General Asphalt fell ver.S points
to 60. 1
; Government bonds, : unchangeo ; .rail
way and other bonds, steady.
; Total -stales of stocks today were 765.-
000 shares; bonds. $7,620,000.
New' York. March '21. (X N. S.)
a fr Ainnla.vlne' a steady t tone at the
opening today, the stock market was
subjected to pressure ana many issues
yielded from fractions to 2 points. ,
Steel common tint row to 81 and then
yielded to 81. Crumble declined 2 point to 89.
Mexican Petroleum sold jotl 2 pointa to 145 tt.
Atlantic Gulf, after ; adTaneina i to 84 H.
dropped to 32. -
iieneni Aspnait oaa a wiae oiiun muu'i
from 62 to 62. . The stock then dropped to
Chandler Motors, semna rx-aiT., mom mi irmc
tlonally to 7TV4. Studebaker. after telling up
an v. . . AmnnMl to 69. - . Pierca-Arrow rose
orer 1 point u 32 H. ,: - .
- The nils wen aiignuy lower, r v. o. nnooci
fell 1 point. ,; : , .
The feature of the trading in the first honr
was the persistent buying of the motor stocks
and 'affiliated issues by strong i banking inter
SM,iakr nawd un from 68 to 70 H .
a new high for the year. Pieree-Arrow also sold
at a new nun ior v jtsr, .whsikwi.
to 83 aeJly-opnngiieia euTanceu , -m - w
48 and there was Tigoroos buying of Chan
dler Motors, which ranged from ,77 H to 79. ,
The teel Industrials showed 1 slight declines.
Mexican Petroleum, after falling 2 pointa to
145. rallied to -above 1 4 7. There was little
in the railroad group ; worth noting. Nortnere
Pacific and Reading both yielded about one
point en small transactions. ' .
"Furnished by Orerbeck A Cooke Co.,
of Trade building:
Board
STOCKS
High Iow
, .
Woman Sitting at .
Window Is Nearly
Beaten to Death
Cambridge,' Mass., March ; 21.- (I. N.
S.) Miss K. .I Morse, 20, a' technology
student, was beaten almost into uncon
sciousness in her .apartment today by
an unidentified man who stood on a box
outside her window. . The man, beat the
girl with a, brick, pulled her hair and
slapped her -face, but made no attempt
to enter the' room or to rob her. -
The police; do not know, whether the
attacker was a robber, an avenging
suitor or a maniac. - v
Canada May Pay Up -
Eastern, financial authorities predict
that the Canadian government will not
attempt to refund the $25,000,000 matur
ity on April 1. but will pay off the obli
gation, partly out of current balances al
ready in this country and partly by the
shipment of gold from Ottawa. . It is be
lieved that the amount of gold that will
be forwarded will be in the neighborhood
of S 10,000,000.
'Advance - Iiiua ........
Agricultural Chem. . . . .
Ajax Knbber .........
Alaska Gold ..........
Alaska Juneau .......
Allis-Cbalmen ........
Am. Beet Sugar .......
Am. Bosch
Am.. Can fo. . .
Am. Car Jk Fdy. . . . .
Am. Cotton Oil .......
Am. Drag Syndicate ...
Allied Chemical
Am. Hide tc Leather
Am. Int'l Corp. ... .
Am. IJnceed ......... . .
Am. loco. .............
Am. Safety Basoh
Am. Ship 4k Com. .......
Am. ' Smelter . . . .
Am. Steel Fdry -
Am. Sugar .... .....I..
Am. Sumatra ..........
Am. Tel A Tel..........
Am; Tobacco .........
Am. Wool
Am. Zinc ....... .'.
Anaconda
Atchison ..
At.. Gulf tc VT. I . . . r. . .
Baldwin Locomotire .....
do preferred .........
Beth. Motors ...........
Beth. Steel 8
B. K. T. . .
Butte Superior
Caddo Oil . .
California Packing ......
California.' Petroleum ...
Canadian Pacific .......
Central Leather , .
Gerro De Pa-tco .........
('handler Motor . ........
Chicago AN. W
Chicago Gt N. ,
Chile "Copper ..........
Chino . . . ............
C. M. St. P
C. A O.
Colo. F. A.I. ........
Colo. Southern . ........
Col. Gas A Mec. .......
Columbia Graph. .......
Consolidated Gas .......
Cons. Cigars ...........
ContL Can ............
ConU. Candy ..........
Corn Prod. ............
do pf d. .............
Cosden Oil ............
C. K. I. A P. .' .
Crucible ...........
Cuba Cane ............
Cuban Ann. Sugar . . . . .
UeL A Hudson ,
Dome Mines ...........
1. A K. G. ......... ...
Kndicott Johnson .......
Krie . .
Famous Players .........
Fed. Ming. A Smelt.
Kiak . Tire
Gaston Wrns. ...........
Gen. Cigars ...........
Gen. - Electric ...-..
Gen. Motor. .... .-. . . . . .
Goodyear . ..........
Gen. Asphalt ........ . .
Goodrich . ...........
Granby . .
Great Nor Ore .........
Great Nor. pfd
Greene Cananea ........
Hupp Motor ...........
Houston Oil ..........
Illinois Central ........
Inspiration ........... .
Int. Agr. Corp, com
Interboro . ...........
Interstate Callahan . . . . .
Int.. Harr. t ........... .
Int. Harr. pfd .........
Int. Mer. Marine .......
Int. Nickel ...........
Int. Paper . . . . . ..... .
Inrincible Oil .........
Island" Oil ........... .
K. C Southern ........
Kelly-Springfield .......
Kennecott ............
Keystone Tire .........
Lack. Steel
I-iee Tire . . ...........
Lehigh Valley .........
Maxwell Motor .......
Mexican Petroleum .... .
Miami
Middle States Oil . ......
Midrale Steel .........
M. K. A T . . . .
Montana Power ........
Missouri Pacific .........
Montgomery Ward . . . . .
M. St. P. A S. 8. M....
M. A St. I.....
National Enamel ..... .
National Lad ..........
Nerada Con. . . . . .... .'.
New Harea : ..... . ... ..
Norfolk A ' W. . . . . .... ..
Northern Pacific ."4 . . . . .
Nora Scotia Steel .......
N. Y. Air Brake . .
N. Y." Antral. . . .
Okla. Prod., ref ........ .
Ontario Silrer. . ...... . ...
Ontario A W. ......... .
Otis Steel ............
Pacific Oil, . ...........
Pan.' Ann. Pet... ......
Penna. ... . ... ..,,..
Peo. Gas ........... I . . .
Pere ' Marquette ....,....
Philadelphia ...........
Pure Oil . .... . . ........
Pierce Arrow,.,......,.'
Pierce Oil . ...........
Pitts. Coal ....... . . .
Pitts. A West Va.......
Pressed Steel Car. . ... . . , .
Pullman ......... , , . . . ,
Ray-Cons. . . vi
Reading : , , , ....... . . . .
Remington .4 . . . . . .-. , . . .
Replogle Steel.;.......,.
Republic L & S........
Kep. Motors.
Royal Hutch Oil . , . , .
Ry. Steel Spg , ; , . . .
Saxbn Motors . . . . . ......
Sears Roebuck . ......
Shatturk, Ariz. . ... . . . . . .
Shell T. A T.
Sinclair . ..............
Sloss Shef. . . . . ... . , . . ..
Southern Pae. ..........
Southern Ry. .......... .
St I A S. V. .........
Stromberg Carb. ...... ..
Studebaker ... ...... .. . .
Swift A Co. ... . . . . . . . .
Tenn. Clop. A Chem. .....
Texas Oil ,
Texas Pac. . . . ... . . . . . -. .
Texa.s pac C. AO. ......
Third Are . . ..
Tob. Products . . ... . ...
jTrsn. CcBt. Oil v.
1 nion (m uei. ....... .. .
rnion Par. .. . . . .. . . . ....
United Alloy .... .......
United I'rua .......... .
L'uUd I'twd Prod,
83 H
1U
57 M
so .
122 X
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4
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45
61
87 I',
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40
80
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100 :
118
68
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81
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88 H
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12
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41
25
79
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244
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8
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79
99
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112
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Cnited KruM ... J . ...1102 101 1161
I ni ted Retail Stores. .... . 50 49 49
TJ. 8. lnd. Alcohol...... 71 68 68
U.S. Rubber... 73 70 71
IT. S. SmelUng......... 30 30 36
U. A Steel ............. 81 80 80
I'tah Copper 49 48 48 J.
Virginia Chemical ...... 82 81 82 .
Vanadium Steel ........ . 30 28 29
ViTsndou . . . . . . . ..... - 6
Wabash ,....- 7
Wabash A Pfd. .-. . ....... 20 18 19
v do B" preferred ....... ..... ..... 12
Well Fargo ........ .... ..... 58
Western Pacific . . . ...... 28 26 . 2
Western Vnion ....... . 88 68 88
Westinghouse A. B. .......... . ..... 95
Weatinghouse K. A M. . 47 47 46
West Maryland 9
White Motor .......... , 42 40 41 -i
Willys' 0erland , . . w ..... 7 7 7
Wool worth , . ..... ... .. . , . ., ..... 112
Worthlngton Pump ..... . 51 49 50 '
- Foreign Bond Market
(Furnished by Orerbeck A Cooke Cow)
British
British
British
British
British
. . ...
Itos-ian 5s 1021....
Russian 5s 1828....
Russian 6s 1818. ... .
French 5s 1831 ......
French 4s 19 1 7 .,.....
Italian 5s 1918. .
5s 1822...
5s 1927...
5s 1029..
Tky 4s. , .4
ref. 4s ... .
Belgium ' rest. 6 , ,
Belgnra pre. 5a.........
German W. I 5s, ..... .
Berlin 4s ..............
Hamburg 4 . i ... ......
Hamburg 4s .........
Leipsig 4 s .........
ieipsig os .
Munich 4s ,
Munich 5s .
Frankfort 4s
Jap. 4s
Jap. 1st 4s.....
Jap. 2d 4s......
Paris 6s . . . .. . . ...
5 1B31.
1937 ...... . .
TT. K.
U. IK.
TT. K.
U. K.
8s
6s
5s
...... . .
Bid.
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70
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SHORT TEB.M,,50TES .
- Famished by CUrk, KeodalT A Co.,
' Security. Mgtority. Bid.
Am. Cot Oil 8s 9-2-24 88
Am. T. A T. 6s. . . . . 10-1-22 96
Am. T. A T. 6s..... "'2-1-24 95
Am. Thread 6s.. ...1 2-1-28 . 93
Am. Tob. 7s 11-1-21 99.
Am. Tob. 7s 11-1-22 100,.
Am. Tob. 7s. ... s, . .11-1-23 99 4
Anglo Am. Oil 7 s-, 4-1-25. r 99
Armour Conr. 7e. .. .7-15-30 96
Belgian Got. '7 . , 6-1-45 86
Belgian Got. 6s..... 1-1-21 90
DCUKU ViWT. Vm . , . . . " rm
Betht. Steel 7s. .... .7-15-22 98
BethL Steel 7s. , . . ..7-15-23 96
Rritixh Got. 5s... 11-1-21 99 -
British Got. 5 a. . .11-122 94
Canadian Got., 5 s, . S-l-2 1, u
Canadian Got. 5 si-. 8-1-29' 93
Cudahjr Packing 7s. .7-15-23 97
Inter. R. T. Ts. .... 9-1-21 71
Japanese Got. 4s. .7-10-26 90
Kennecott Cop. 7s. . . .2-1-30 i 90 i s,
Molina Plow, 7s 9-1-21 88
MoUne Plow 7...., 9-1-22 92 1 .
Moline Plow 7s. . v. . 9-1-23 90 '
Moline Plow" 7s. . . ; . 8-1-2 88
Nor. Pae. -7s. ..... .5-15-22 86
Pacific Gas 7s...:.. 5-1-S5 98
Swift 6 ,,, .8-15-21 98
C. S- Rubber 7s. W. .12-1-23 96
FOKEIiiK EXCHANGE BATES
Corrected daily by the foreign exchange ' de-
nrtiaent of the United States National -tank.
r Quotations below, except the pound sterling.
are quoted en the basis of 100 unite foreign
currency. . " ' . ,
- Opening nominal rates on bank transactions;
. . Draft Cable . Par
Checks. - Transfers. Value
3 3.91 t 3.92 4-866
6.96 6.87 v 19-03
Berlin Marks. 1.63 , 1.63 " 28.81
Onoa Lire.... 4.07 4.08 ' 19.30
Athens-
Inc. "
Asked.
90
97 -95
85
100
100
99
98
. fl
'
80
" 99
87
9ft
84
99
94
' 98
71
91 .
,91 ,
.......,
. .'. .
98 !
99
99
97
London-
Jibs, sterling .
Drachmas .
Copenhagen
Kroner . . .
Chrrstiania
Kroner ' . , ,
Stockholm
Kroner . .
Hongkong -i
Currency . .
Japan Yen . .
Shanghai
, Taels . ... .
.. 7 70
..17.82
..16.05
.23.25
.,49.50
. 48.50
. 66.50
7.80
17.40"
1.15 .
28.35
49.75
49.00
66.00
19.30.
ls.70
26.70
26.70
Foreign Exchange Market
;' . Nw York.. March 21. (IT. P. Foreien ex
change opened firm today. Sterling was, at
63.91: francs, .0696; lire, ..0404; marks,
oS; Canadian dollars. .8735 Si kronen. .1735.
Foreign exchange closed -steady.. Sterling was
33.91; francs .0697; lire .0892: marks.
.0162; Canadian dollars, ' .8788; kronen .1783
. . we Buy and sen -Liberty
Victory
onno
ITT)
All issue. Any amount.
Freeman,
Cmith
CAMP
' ... ' HOW IP rLOCMI
. fWiM Afro arraJsS
Stock:
Topics
MMHSST
Central : Leather reported- to be stead
ily accumulated by interests which are
In a position to, have knowledge of the
financial position of the company the
extent of its readjustment ajijd the pros-
The common stock of the Pittsburg
Coal looks cheap and attractive at cur
rent prices in spite of the fact that coal
prices are going- 'down and profits are
diminishing, declares a prominent house.
i ........... ... i :
The . railroad situation reported In
brokerage circles to be holding back pub
lic participation in the stock market to
some extent, any improvement in that
respect would -stimulate . trading it is
said. . ' -
Sentiment among the rank and file of
trading element suggests that there is a
tendency to buy Industrials representing
liquidation.
Federal reserve .board's weekly state-,
ment shows' banks ratio advanced from
60.9 to 61.
New Tork Federal Reserve bank" 6
ratio advanced from 41.8 to 45.8.
Banks Pass Crisis
And Improvement Is
Seen in Statistics
The worst of the strain upon the coun
try's banking system has .passed and the
statistical banking position continues to
show steady Improvement week by week,
according to a financial review- just' is
sued by the Mechanics & Metals National
bank of New York-
"It may eeem strange," says the re
view, "in view tof this marked statisti
cal . improvement, that-rates for money
have been almost unchanged from their
levels last fall. The reason is that .the
banks have been more cautious in grant
ing new. credits. The drastic collapse In
prieea has made. many producers reluc
tant to sell. But in instances in which
producers have been willing to sell, even
at present quotations, the stagnation of
buying has made it impossible for them
to move their stocks - with customary
rapidity. It is the manifest duty of the
banks to carry along all borrowers of
undoubted solvency, whose assets are not
Deficient, but merely slow." ,
t "New Tork Bead
(Furnished by (Werbeck C
4s.
5s . , .
r. L.
4s. . .
. 4s. ,
4s. .
4; :
Ard.
TK
s '
fi
s z
!S
. H
7
82 '4
2 2 "s
7tH
8H
81
73 i
f
7Hi
bl'.i
PACIFIC COANT BANK STATES! KT
Portland Bcnkl
Mondsy . . . ,$ 4.N53.U08.83 $ 7.100,07.40
TRComo Barks
Clearings Mondsy 878,02. On
Balances Monday 44D.248.0O
Spokane Banks
Clearings Mondsy .3 2,130,828.00
Balances Monday .. 1,072.848.00,
feettte Banks
Clearings Mondsy 8 6.K02.OR1 00
Balances Monday . a, 340,735. 00
8rn Wranclsee Bonks
Clearings . Monday -.'V200,O00.0O
Los Angeles Banks
Clearings Monday 14,859,7 55.00
Atchison Cent. 4n.
Halt. Ohio iold 4s
Until. Steel Kef. 5s
Cent. Pacific Itt 4 s
C. . & Q Col. 4s.
St Paul Uenl. 4 V
thlt-sgo w. Ueul.
I.. 4c .V. Vni.
New Tork Hy.
Northern Pec.
Heading lienl.
I'niou Par. lit
r s sui a
Union Pae. 1st Hf.
Southern Pae. Conr,
do 4s ......
Punna 1st 4 Us
Penna .1st 4 Via . . .
('lies, & Olns Conr.
Ore, Shore Line 4s. .
ss.
Ae
fis. ,
Market
ooks compa
Itid.
76
S
80
72
07
S
74 i
SI S
10
70
80
80 i
ii 4 S
7114
fL
7 8i
7H i,
78 i
82
81
Liberty Bond Kales
4 Resorted by Orerbeck ft Cooks
Liberty.
Ilberty.
Liberty,
Liberty,
Liberty,
Liberty,
Liberty,
Victory,
Victory,
SV&s ........
1st 4
2d 4s
1st 4 Vis
2d 4tts
8d 4 Vis
4th Vis.
4 s . . .
8 Vs ... . .
llieh.
eose
8740
SB1
024
8720
07 S2
0780
Co.)
D040
872
ooia
8704
T0
9710
Close.
t04l
870(
XKNO
8730
8H0O
IHIlrt
87 fJ
tT80
073U
Mosey and Kxchang
i New Tork. March 21. (I. N 8.) '..Cklt
money on the floor of the New York stock
change today ruled at Vs per cent; high, 6 V
per cent: low, 0 per cent. Time money ws
steady. Rates were Vi W 7 per cent. ,
The market for prime mercantile ir w
study. Sterling enhsnge wss steady, with busi
ness in bsnkers' bills at 83.914 for demand.
'BO)fl DEPARTMFST
"A. A.VA."
The Highest CredU Rating
- Given -
This gigantic company has assets of more than one
hundred million dollars. Its net earnings last year
were over 110,000,000. It is
v CONTROLLED BY THE STANDARD OIL
OF NEW JERSEY
Humble Oil & Refilling Co.
2 Yr. 7 " Price 99 1-7559
Gold Notes Yield 0
Broadway and Oak
Reducing
Tire Costs
Assumingr that v avararo annual
tiro expense for Oregon autoists is
$100 per car, 'Oreg-oniana spend
$12,500,000 tor tires each - year
based upon 125,000 cars. Figuring
there is 20 per cent less wear over
resilient, ' bituminous pavement (a
low estimate) than Over a rigid
pavement, there would be a saving
of $2,500,000 annually- in tires alone
In favor of the resilient, bituminous
type of -pavement, providing - all
roads used were paved. Resiliency
is typified in v
VARRENITE
BITULITHIC
1881
CJtSSjfltBtS)
CBlfSBt
CffiClC
1921
'Let Us Systematize
and Simplify Your
Printing ;
- and flccountlns -
F.vV.Baltes
& Company
DsiistAiM rirstandOsK
r rimers MiB ut-ws
"T
CONSERVATIVE INVESTORS
KNOW
, that the deposit box holdine municipal bonds of the
t agricultural communities of the Northwest,, is "tje box
' that produces." "... ,
. YIELDING!.
A dapendabU interest return.
.A dependable principal return.
DEPENDABLE INVESTMENTS
for your deposit box which net from 6 to Zc, exempt
from ail federal income taxes, are available on our long
list of Oregon, Idaho and Washington municipal bonds.
PORTLAND
Details Gladly jSupplied Upon Request
KEELER BROTHERS
DENVER
. Investment Securities.
' Phone Broadway 5800
UNITED STATES NATIONAL BANK BUILDING
G
Sound Securitie
of ' the -'Northwest'
' . Tleld.
Portland Ga & Coke Co.
7 Firs't Lien and General
Mortgage Gold Bonds.... Jan. 1, 1940 7.50
Portland Flouring Mill
Co. 8 First Mortgage
Gold Bonds . Feb. 1 , 1 936 8.00
Pacific Power & Light
Co. 8 fi"t Lien -and O,
General . Mortgage Gold
Bonds Aug. 1, 1930 8.00
These three corporations . produce absolute
necessities. Their development will go hand
in hand with the development of the Pacific
Northwest. John Moody, the eminent statis
tician, has rated their securities highly.
Let u help you' analyse their state
ments. Call at our office today.
-as. i.-.
BLYTIleVlTTErt th CO.
, - f. " ; '
Yeon BIdg., PORTLAND
SEATTLE - SAX FRANCISCO - ICS AKCLUS- NEW YZZlt