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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (April 19, 1921)
14 THE OREGON DAILY JOURNAL, PORTLAND, OREGON TUESDAY, APRIL 19, 1921. - VIVIAN1 DEPARTS SATISFIED WITH STAND OF II. S. ,By David Lawrence (I'opjrrtebt. J21 Washington, April 19. Rene Vivi- ' anl leaves America this week to re port to France and Europe generally that the prospects of American co operation in Europe are not a dim as the outside world has been led to believe. Although he would be happier If he could convey an assur ance that the United States will soon enter the existing League of Nations, the French statesman is well ' satis fied that the Harding plan of an in ternational association can be blend ed with the present organization in tfome practical , way when once the subject Is ready for negotiations. . or . the present, the willingness of rresldent Harding to Join the allies in sigrnlngr the principal portions of the w an ! i 13-' !.i" 1 i"v No Extra Charge ' i is imposed by this store forjits all-night - service, though it . may on oc-x casion mean a great deal : to you. It is simply ne -more item in business of meetinjr the needs of the Portland public. I NEVER CLOSED jf ' Tcop 0 and 5T-ykTl mJK3niuHm ' Dousttst I I jPWONl MAIN Tail 1 Versailles treaty is viewed as a satisfac tory start toward an entente between European America. There is at any rate to be no peace treaty from which the Germans can derive encouragement or utilize as an instrument of discord among the power associated against her during the war. In this way allied soli darity will have been preserved. BKIAJfD Witt P1EASED - . There Js every reason to believe that Premier Briand is well pleased witn tne Informal assurances given Vivlani con cernine America's attitude and that the French policy henceforth will go along with the American administration even more Harmoniously man oerore. ine French have1 been fully advised of the American viewpoint and are not so in clined to despair of American coopera tion. The Harding message to congress gives them hope. Another factor of importance is the French press. It is being made to ap pear abroad, ; for instance, that Ambas sador. Jusserand has not kept the French government ' closely Informed, and last week in particular there was an outburst of criticism apainst M. Jus serand for his alleged failure to cable the Harding message to Paris promptly. The impression which has been care fully cultivated is that there has been a change in ambassadors here. But former Premier Viviani will tell the people in France and- the govern ment in particular a different story. He wil ladvise them that Ambassador Jus serand not only knows America excep tionally well,: but that he has proceeded properly in ; not trying to force the French viewpoint on America in the midst of a tense political situation wherein international issues were a sub ject of partisan dispute. The fact that the French newspapers did not get cop ies of the Harding message in time for their editions is something for which, it is contended, Jusserand ought not to be blamed, i CABLES DELAY Indeed, the delays are due to congest ed cables. If the French people cannot get the Harding message prompUy, the fault is .partially that of the American government, which heretofore has sup plied foreign governments with such documents by radio or cable and has made it unnecessary for diplomats to send the same communications abroad. The incident illustrates the need of some such policy as was begun during the war, when the committee on public information was in existence, and when every American document bearing on foreign policy was sent broadcast by radio and cable, a relatively slight ex pense to the American government and a simple way to get attention for Ameri can happenings, which so rarely get space in the foreign press. j The French newspapers have lately been complicating the situation by their utter inability to comprehend the situa tion In America. They endeavor to edi torialize with only a scant knowledge of the facts, and whenever developments occur which abruptly reverse what has been their understanding of the Ameri can position, irritation is apt to mani fest itself and the French government or the French ambassador to the United" States become scapegoats. Unquestionably the return of Viviani to France and the permanent stay in America of such a skillful reporter as Marcel Knecht. director of the French Information service, will clear the clouds of : misunderstandings and enable the French press to assist in the betterment of Franco-American relations. Viviani's visit has been of tremendous import ance to France and the results of his lajnission will become more apparent after his return than they are at the moment. Several cases of smallpox are reported at Wastina in Lake county. The disease has been rampant in that vicinity most of the winter. Schedule of Tariff Kates on Lumber Up. for Approval Washington, April 19. WASHINO- TON BUREAU OF THE JOURNAL.) The subcommittee of the . house ways and means committee on lumber sched ule has agreed on the following tariff rates for the permanent bill subject to approval by the full committee; Fir, rough, $1.50 per thousand ; dressed on two sides, $2 ; dressed more than two sides, 12.50. - Spruce, same as fir. All other lumber in rough, free ; dressed on two sides, SO cents; dressed on more than two sides, $1. Shingles, 60 cents per thousand. V VILHli SUFFERS NERVOUS ATTACK Doorn, April 19.; (U. P.) For mer Emperor Wilhelm suffered a se vere nervous attack last night. Members of the household were up most of the night caring for Wil helm. The former kaiser has been mel ancholy since the death of the empress. MEXICAN PETROLEUM LEADS OIL SHARES' IN A GENERAL ADVANCE Portland's Soldier Memorial Plea Is Passed to Mellon Washington, April 19. (WASHING TON BUREAU OF THE JOURNAL.) The suggestion by Mayor George l L. - Baker of Portland that the old postof tice site, on Morrison street be turned over to the city for park purposes has been passed on to Secretary Mellon of the treasury department by Representative McArthur, supplementing his previous request for comment by the treasury on a proposal that the site be sold and the proceeds devoted to a new public build ing to accommodate the federal courts at some point outside the congested dis trict, i Draft Boards Fail To List Evaders Washington. April 19. (U. P.) Local draft boards to the number of 2091 have failed to reply to a. request by Adju tant General Harris that thef lists of draft-evaders be checked over to elimi nate all men not properly classified as deserters, it was announced today by the war department. Harris said he had again requested the draft boards to make this investigation. Elks Issue Paper Vancouver. Wash., April 19. The first issue of the Vancouver Elk, printed , by the Vancouver lodge, is being mailed to lodge members. Clement Scott is edi tor. The staff includes Cedric ("Hap") Miller as sporting editor and W. R. Em erson, business manager. xne paper will be issued monthly and will con tain all lodge news. OIL SHARES IN HEAVY DEMAND New York, April 19. (L K S.) The stock market closed irregular today. The market showed an irregular tone In the late dealings, many of the lead ing issues dropping about one point from the early high levels. - Crucible yielded to 79. Baldwin to 85 and U. S. Steel to 8itt- Mexican Petroleum fell from 146 to 144, while most of the other oil issues held the greater part'of their gain. The Cuba Cane Sugar issues were weak, common falling to 1 tq lSVi, while the preferred yilded over two to 5334. . Government bonds, unchanged ; railway-and other bonds, steady. Total sales stocks today, 523,000 shares; bonds, $9,715,000. New Tork, April 19. (I. N. S.) A de mand for the oil shares featured an ir regular opening of the stock market to day. Business continued on a small scale. Mexican Petroleum' rose only Vx to 144' but Houston Oil sold up lhk to 82 and Royal Dutch 1 to 62. Pan American Petroleum and California Pe troleum improved fractionally. Steel common n steady at 81 . Crucible yielded orer one paint to 7 9 U . Baldwin yielded to 86. General Asphalt waa in demand, selling' up one point to B4 . The rails showed little chance. A feature of the trading during the first hour was heavy buying of the petroleum stocks by leading stock exchange houses. The heaviest trading was .- in Mexican Petroleum, which moved up 2 points to 146 and was followed by Pn-American Petroleum, which rose 1 to 71 H. Caddo Oil was the most active of the low oil stocks, ranging from 1 8 Mi to 1 9 . General Asphalt made a gain of over one point to 64 Mi . The copper stocks were heavily traded in. Anaconda advancing over 1 point to 394. : The sugar stocks were heavy. Furnished by Overbeck & Cooke Co., of Trade building: ' Board STOCK HlOHj LOW B1I mi 1 : f frill i i Mil Look Ahead ,'. There, are successful men in Portland who, twenty years ago, started a small Savings account and then determined to back themselves through that agency. Today they will tell you that their success has been the direct result of that start and determination. They were prepared when their opportunity came. What' will the next twenty years bring YOU ? It must be failure or success ; in your own appraisal in later years there can be no half-way mark. This question i$ a vit,al issue and should be met TODAY. There can be no better time to determine to help yourself than NOW! - " ' i Open a Savings Account Here TODAY Ask for Mr, Hoyt SAVINGS DEPARTMENT (Open Saturday Evenings 6 to 8) NATIONAL- BANK PORTLAND OREGON Ac. Chem . do nf r. Ajax Rubber . Alaska Ooki ....... Ala5ka Juneau . . . . Allis-Cbaimers . . . do rfd Am. Beet Sugar Am. Bosch Am. Can Co. . . . . . do pfd. Am. Car A. . dy do pfd Am. Cot. Oiii Am. Drug bynd. . . . Allied Chem Am. Hide & Leather. do pfd Am, Ice Am Intl. Corp Am. linseed ...... do of d. ....... Am. Loco do Dfd Am. Saf. Razor . . . Am. 8hip & Cora... Am. Smelter- do pfd Am. Steel Fdyd Am. fciugar do pfd Am. Sumatra Am. Tel. & Tel. Am. Tobacco do B Am. Wool do pfd. ......... tto rfd Am. Zinc Anaconda Asm!. Oil Atchison do pfd. . . Atl. tiulf A W. I . . .Baldwin Loco. Balto. & Ohio .... do pfd. ........ Beth Steel B Booth Fish B. R, T Butte C. et Z Butte & Sup. ...... Caddo OU Calif. Packing Calif. Pet do pfd. Canadian Pac. Cen. Leather Cerro Ie Pasco . . . Chandler Motor Chgo. A X. w. ... . Chicago Gt. W . . . . do pfd. ........ Chile Cop Chino C. M. St. P do pfd. ........ Coco Cola C. & O Colo. F. ic I t olo. Southern .... Col. Oas & Klec . . . Columoia Graph. . .. Contl. Can ContL Candy ..... Corn Prod do pd . Cosden Oil c. r. & p ; do "A" pfd do "B" pfd Crucible do pfd. ......... Cuba Cane ........ do pfd , Cuban Amn. Sugar.., Del. Ic Hudson Dome Mines ....... D. & R. G , do pfd. . . . Endieott Johnson . . . Erie ......... do 1st pfd. do 2d pfd. Famous Players . . . . , Fed. Mine. A Smelt. , do rfd. ........ Fiske Tire , Gaston Williams General Cigars ...... General Electric . . . , General Motors . . . . , Goodyear , General Asphalt . , Goodrich ....... Granby Great Northern Ore . Great Northern, pfd. . Green Cananea. Hupp Motors Houston Oil . Illinois Central ...... Inspiration ...... Int. Agr. Corp.4, c . . . do pfd Interboro a . do pfd. Interstate Callahan . . Int. Harvester Int. Merc. - Marine . . . . do pfd. Int. Nickel Int. Paper do pfd. ......... Invincible Oil i ...... , Island Oil Jewel Tea K. C. Southern do pfd. . . . Kelly-Springfield Kennecott ......... Keystone Tire . . . . . Lackawanna Steel . . . Lee Tire , Lehigh Valley Innillard ........... Maxwell Motor do 1st pfd. ...... do 2d pfd Mexican Petroleum . , Miami Middle States Oil Mid vale Steel M K. A T. . do pfd. . Mont. Power ....... Missouri Pacific do pfd M St. P. A S. S. M. . National Lead . Nevada Con. ........ New Haven ........ Norfolk A W Northern Pacific . . . . Nova Scotia Steel N. T. Air Brake N. " T. Central ....... Okla. Prod, ref Ontario i W ...... . Otis Steel .......... Pacific Oil.. . Pac Gas & Elee.... Pan. Amn. Pet do "B". . . ........ Penna. Peo. Gas.. ........ Peter Marquette ..... Philadelphia Co Pure OiK Pierce Arrow ........ Pierce Oil . , . . Pitts. Coal . ......... Pjtts W. Ta. do pfd. ........... 54 . 84 4fr 77 73 Vi 106 H 115V. 72 hi S4 H 33 i 1 '37H 36 '26' ' '2814 123 123 ' " '43 H 43" ' 8 8H 44H 42V 42 42" 46 45 '8C' ' 85" i 5 7S 40 H 76'. 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I8V4 18V. 56V4 47V4 46. 46. 75 110 Vi 109 Vi 109 35 Vi 34 i ,34 V. 28 Vi 27 i 27 Vi 80 Vi 79 79 62 V4 - 7H 16 11 11 11 V4 22 22 22 24 V4 37 Vi 27 V4 27 27 Vi 59 Vi 59 68 28 33 V4 61 Vi 60 Vi 61 Vi 8. 7 8 55 1 Vi 72 V. 71 71 Vi 102 32 31 32 26 26 25 70 Vi 70 70 , 60 I 80 79 Vi 79 84 1 8 Vi 67 23 22 22 91 20 19 l 1 Vi 61 61 61 12 18 13 73 73 73 7 23 15 15 15 1 58 135 13 12 12 'i 63 4 37 37 37 19 29V4 284 28 9 6 68 24 24 23 14 14 14 82 80 1 34 Vi '83 33 8 47 4 '. ... 13 5 4 5 -88 87 87 13 50 50 50 15 15 15 62 61 61 ...... 94 20 20 20 Vi 4 4 4 1 0 9 9 Ti 25 24 2t 48 40 39 40 20 18 19 15 15 48 27 49 48 48 150 139 148 ; 6 6 - - 2 146 143 14 21 20 20 14 13 14 27 V4 2 4 60 i 17 17 17 86 ,.. 65 72 1L 11 11 Vi 17 16 17 . 84 72 71 71 . 34 74 Vi 72 69 68 68 3 3 3 .......... 12 37 36 36 . ..! 48 71 9 70 63 63 62 34 ii' 4 17 32 32 32 34 33 33 33 33 32 II 10 10 .'..'. 24 . l ... ... 1 75 Business Must Be Fought For; Much in Sight Xew York, April 19. This is not a time to sit and wait Tor business. There is good business to be had, but it must be fouglit for, according: to A. F. Alli son, secretary of the International Gar ment Manufacturers association. "I know business men," he said to day, "members of our association in Baltimore, Buffalo,' Cincinnati. Cleve land, New York and other centers, who are dolngr a good business now. In con trast to the general prevailing dullness. They are doing it through a combina tion of their established reputations for honesty and fair dealing, and confidence in their own statements and prices to the customers. . - "They have all .made keen analysis of their own businesses, have readjusted their prices to the new -level and are selling: their merchandise on its actual value and its merits. They are not quoting: "stiffer'" prices, but a firm lay down cost on a take-it-or-leave-it basis. This proves conclusively, I think, that the demand for merchandise exists and that business is awaiting- those who go after it properly." . New Wheat Crop Is WatGheduby Big Business Men By James 11. Beeord Special ,A'orretioiident of The Journal Fort Worth, Texas, April 19. Busi ness men in this territory right now are watching the. wheat crop and the grain market. All are : confident that if the big crop in prospect matures, conditions will attain if not s urpass the normal of a few months ago- If the farmers suc ceed in maturing ' and marketing . the crop now, indicated prosperity will be with them again. As it is, however, the situation in general is improved from what it was a month or so ago. The banks appear to be in better shape than they were then and other branches of the trade and industry also seem to be stronger." The wholesale business is still somewhat quite. This still is due in a large measure to the buyers' strike rather than to acute lack of purchasing power. In the manufacturing and industrial lines the situation is fair. 'Business' Meeting With 24 Quarts Is Busted Up by Police San Francisco, April 19. (I. X. S.) Twelve prosperous looking business men, said to hail ;from the financial environs of California street, not only had an unpleasant hour late yesterday, but they are "sore" today. v Captain of Police Layne is the cause of it. He raided an office in the busi ness district, and found the business men seated around a mahogany table. His detectives seized . two dozen bottles of the stuff that was' plenty 'before pro hibition. The guests were held for an hour as witnesses. One told the cap tain "our only complaint is that you have broken up the best place in town since the country went dry." Resolutions UrgeA U. S. Recognition Of Irish Republic ChiSiago, April 19. (U. P.) Resolu tions urging the United States to recog nize the "Irish republic" were ' being drafted today at the first national" con vention of the American Association for the Recognition of the Irish Republic. These resolutions have the backing of 5000 delegates from all over the country, and will be sent to President Harding and congress. ' The Irisih fund today was enriched by $2,500,000, following action of dele gates in pledging money to support the fight for Irish independence. Sporting Goods Should Be Sold By- Real Sports Chicago. April 19. The very valu able suggestion has been made by a well-known professional golfer that de partment stores could largely increase their sales of sporting goods . if they would put in charge of these sections salesmen who know something of the sports themselves. Selling of such goods, it is declared, is more of a specialty than managers of the big stores realise. It requires a good knowledge of sports to handle properly a customer interest ed in one of them. The average store's salesman fut In charge of golf . goods knows nothing of the balance or "feel ing of wooden clubs or irons. He would not know a "whippy" shaft from a stiff one, nor : the meaning of "loft" on a club. In i brief, he could be of no as sistance whatever in helping the cus tomer to what he wanted. The sporting goods salesman should be well informed on most sports as well as the articles required to enjoy them. This golfer declares that nothing can stifle a sale in the sport ing goods department quicker than the complete ignorance of the clerk as to what he is attempting to sell. It would really pay, he declared, to have one or two experts tn charge of the sporting goods department. JAPANESE MAY LOSE MANDATE ENTIRELY (Continued From Page One) Japanese I foreign office, speaking pri vately today, said : "President Harding does not consider the effects and possible results of his insistence on the American interpreta; tion of the Yap question. Being tech nically American, Mr. Harding goes to protest against that settlement, con sidering only the American claims. "But to grant those claims would be committing the greatest crime in the history of Japan." PACIFIC COAST BASK STATEMENT Clearin Monday . . Tuesday .:. Portland Banks This Week. $ 6.483.97S.RI 9 6,174.344.03 Year Asa. 7,705,048.47 3.694,273.43 T sco ma Banks Clearinrs Tuesday $ Balances Tuesday Seattle Banks Cle&rincs Tuesday $ Balances Tuesday San Frcoclsco Barks Clearincs Tuesday $22,000,000.00 Let Angeles Banks Clearings Tuesday . ...... $14,958,356.00 685.424.00 ; 38,286.00 4,064. 175.00 1.413,670.00 Liberty Bond Sales A Cooke Co. Liberty. Liberty, Liberty, Liberty, Liberty, Liberty. Liberty, Victory. Victory. 3 94 s 3Hs ..... 1st 4s 2d 4s 2d 4V4s... 1st 4 Us.. 3d 4Hs... 4th 4 Vis.. 44S KTtM'K Pressed Steel Car .... Pullman ........... Ray Cons... Keadine Republic I. ac S do pfd. Royal Dutch Oil Ry. Steel Springs..... Sears Roebuck Shattuck, Ariz Shell T. & T.. Sinclair 81oss Shef. , South. Pacific ....... South. Ry do pfd St. L. & S. F Stromberg C'arb. Studebaier Swift Co Tenn. Cop. k. Chem . . . Texas Oil Texas Pacific Texas Pacific C. O . Third Are Tob. Products Tran. Contl. Oil Union Oil Del. 1'nion Pacific . mited Alloy Cnited Drug United Food Prod United Fruit United Retail Stores... V. S. Ind. Alcohol U. 3. Rub do lt -pfd. ...... TT. S. Smelting ...... U. S. Steel ... do pfd. .......... Utah Caliper Vs. Chem. ......... Vanadium Steel . . . . . ViTandou ........... Wabash do A pfd. ... . . do B ifd. i . Wells- Fkro ......... Western Pac. - do pfd. Western Union Westing-house K. West Mi. ...... White Motors . . . Willys-Overland ... do pfd; ....... Wisconsin Central . Woolworth ...... Worthincton Pump W. U L. ...... It U. High. Low. Close. 9O02- 8900 8870 . I 8730 .... I . . . 8736 8734 8740 8740 8770 8740 8740 !t0(l 0050 054 8764 8752 8756 0760 9746 9746 9738 9746 9746 HIGH LOW BlfT 84 100 09 13 12 12 .......... 67 60 69 60 90 4 63 V. 62 Vs 63 86 76 V4 5 4 . . . 42 25 24 24 1 38 74. 74 74 21 Vi 21 Vi 21 55 .......... 20 36 78 T 77 Vi 77 Ti J 99 I 42 42 42 V. 20 20 19 Vi 29Vi 28 Vi 2H .. IS 49 i 49 49 Vi 12 11 11 20 20 20 110 114 114 SO 95 95 95 i... 20 Vs 106 106 106 50 50 50 ...... i. . . . Ott 70 68 69 Vi v . . . 100 32 i 31 30 81 81 81 : . i . . . 109 52 51 51 30 29 29 ..... ..... 29 -t 5 ...r. ..... 7 ..... .-f... 19 13 58 58 ( 58 .....1.,... 25 65 88 ..... 4'... 47 ..... . ..4 9 .....I .1. . .( 89 a 7 7 - S3. ..... . J . . .1 34 I ... -- .J...H14 , i. .... 48 v HUGHES ACCEPTS WU.SO.VS WORD ABOUT YAP AS FIXAL By Kobert J. Bender (United Xeews Staff Correspondent) Washington, April 19. This govern ment accepts f as final the word of Woodrow Wilson and will enter into no further debate over the "question of fact" raised by Japan in regard to Wil son's reservations at Paris on the pro posed award of the Yip mandate. Japan's injection ot this question con stituted the most striking feature in the exchange1 of notes between the state department and the imperial Tokio gov ernment anent the mandate issue, the text of which has Just been made pub lic. . i And, it I is learned, it was to save the new administration the embarrassment ot becoming embroiled in a question so. intimately involving a former president that Wilson wrote a formal note to the state department, signing it only a few moments before he left the White House for the last time on inauguration day. setting forth his position in full. J a pali, it is revealed, replying in its tiote of February 26 to former Secret tary Colby's note on . the Yap mandate issue, contended that it would be neces sary for the United States "to prove the fact that the particular lines of views (Wilson's reservations oh Yap) were stated at the meetings of the supreme council." . This rather sharp rejoinder, together with other equally pointed remarks by. the Japanese foreign office on the ques tion, were brought to Wilson's attention two days; before he retired from public life. Sensing the embarrassing poten tialities in the Japanese note for the in coming secretary of state. Wilson wrote, a formal letter to the department, in which he said : First, that he had "never consented to the assignment of the island of Yap to Japan." Second, that he had "on several occa sions made specific reservations regard ing the Island of lap ana naa laxen the position that it should not be as signed under mandate to any one power. but should be internationalized for cable ournoses." I . Third, that he had "never abandoned or modified this position in respect to the island of Yap." - So far as the present administration is concerned, it appears that Wilson's letter ends the matter in regard to the "Question of fact." The last reply to Japan on the Yap problem the first note written on the subject by Secretary Hughes declared that this government "finds itself unable to agree" with Ja pan's claim that to maintain her posl-r tion with: regard to Yap, the united States must "prove the fact" of res ervations attributed to Wilson and also prove that the supreme council "decided in favor of those views." Hughes' reply to this, it may be stated authoritatively, was designed not to make the question of fact a determina tive question but to confine tne discus sion with ! Japan to the question of principles. - E. A. Dingley Mentioned Washington. April 19. (Tj. P.) Edward A. Dingley. son of the late Malcolm Dingley, author of the famous Dingley tariff act, was understood to day to be under consideration ior ap pointment to the United btates tariff commission. Buymanship New Factor in Trade; Is Aid in Selling . Chehalls, Wash., April 19. A . large crowd was in attendance at the noonday luncheon of the Citizens' club, the pro gram being In charge of the. Retail Mer chants'' auM3ocatioin. A number -of mer chants from Centra 11a were present. Noonday sessions; were held here, and a meeting 4ast evening in Centralla. Presi dent A. E. Pollom ofjthe Citizens' club presided. An. address of welcome was given byMayor ILong, following which G. W. Hutchinson chairman of the com mercial bureau ofj the club, explained the purpose of the meeting. Professor W. D. Moriarity of the Uni versity., of- :Seattle gave a splendid ad dress urging that retailers perform pro fessional services and" become specialists in their line for ; the good of the cus tomer and the prosperity of their business.- He said, that more cooperation among retailers is the new cry in busi ness circles now, and- that each mer chant is responsible for his part in get ting back to a more normal condition. After - contrasting present .methods of specialization irt business lines and the diffusion of business . knowledge with thie old system of the Journeyman clerk, Trofe8sor Moriarity . pointed out that buymanship is ndw as great an art as salesmanship. Eery. new. idea in busi ness is an a suet, ""and national advertis ing enables the Retailer to pr&fit from the resulting- education - of the buying public. : He urged people in the same line . to cooperate!- and frankly discuss their 'problems, lie said that salary is wages, interest ijd profits. and that re tailers -.should entourage clerks to use ideas, arid , pay them for knowledge as well as for work President Obregon Lays Plans to Pay Mexico's; Big Debt -Mexico City. ' April 19. (V. P.) President Obregon today revealed to the United Press his plans for payment of the national debt and rehabilitation of - the country. " i - "T have invited forejgn. creditors of Mexico to send representatives to hold a preliminary conference 'to- determine a plan enabling Moxlco to pay her debts," Obregbn said. - ' Mexico's debt amounts to "J275.000.000. Obregon said the treasury now has about $50,000,000. Obregon's determination to rehabiill- tate tratisportatlojn was indicated when he dispatcthed Krtnciseo" Perez, director general :of national railways, to- Mon terey to confer with American equip ment men for the purchase of J50.000.000 worth of rolling stock, tlay- rnled at 7 per rent: blah 7 per renl low 6 per rent. Time money ws sirs iv. Kates were A (' 7 per pent. The market for nrlme mercantile ijsper ws steady. Call money in London today was 5 per cent. Sterllnc exrhaniie wa -Mesily with Winens in bankers' bills at $3.92 for clemami. Odd Loto High-class Bonds' $9,00 sUtoria. Or., Imp. 6's Maturity Kst. 1922 to 1940. at 99, yield about 6.07 to 6.719c. ,000 Astoria, Or., Maturity fct. Nov. 1, 1930. at 8.9(), yield about 6Mi.. 7.S00 Teppenlth. Wasti., Imp. 7's Maturity Kst. 1H21 to 19J9. at 100, yield 7'A. 2,000 Casper, Wo., Imp. a s Maturity Est. 1924 to 1 r27. at 97.50, yield about .46'b to t.7S',c. 7, BOO Vancouver, at, C, 41', t Maturity Feb. 1, 192:i, at 93.65, yield over hrc 6,00 Rep. of Chile Ssr. t. r. cold ' Maturity Feb. t, 192:5 to 1941, at Hit, yield about 8.13' lo 2U'c. a, 700 Kansas City P. A L. O. S's Maturity Lec. 1, 1940, at 100. yield 8'. Wire orders collect. We specislke in Liberty and Victory Bonds We handle large and smsll order slike. We buy end sell a Isrce amount of tliene bonds dslly. If yiu want a quick decision, a close price, Eet in touch with us. yJlP SMITH ssmouno noon . CAMP BjaaatSmaMMQ ssttsVMi " PsnM Mat CPs - 1ST) 1 Mosey and Ktfhanire NewtTork, April li. 11. N. 8.1 Call money l the floor of the i New Tork stock exchange Foreign Exchange Market New York. April 1 1- Foreign exchange opened lower todsy. Sterling was 3.92; franco. 0728: lire. .0487: msnw. .nisi; vsnanian ooi- lars, .8850; kronen, .179.. Foreign exchange closed lower. sterling. $3 3; francs. .0722 ; lire. .047 B; marks. V15ni Canadian oousrs, .ooov, iwcu, .1801. , HERRIN & RHODES, Inc f (Established 188) BROKERS HEMBEBS CHICAGO BOIBD OF I BADE. OrrepoB.et, E. F. HTJTTOX CO. Member. S ew York Stock Exehtigs. PriTate Eead Wires Direct te Ail Secarlty ad Commodity .Markets. LIBERTY AND VICTORY BONDS BOUGHT AXD SOLD MAIN tSt aad 284. Ul-t RAILWAY EXCH- BLDO. t Oregon sv2 jj Highway Bonds j Dated April. 1, 1921. ': Due April 1, 192 5. Denomination 1000. Price 99.29 Yielding 5.70 $ 5 Exempt From All Federal frf 5 - Income Tax A SRalph Schneeloch Co. ro corporation muKZ a F.PMCN8 BUILDING - 2 SECURITIES of -a local company should merit your con fidence. The Portland Flouring Mills Com pany has been estab lished since 1881. You undoubtedly eat"()lyni pic" products daily. Our circular presents the complete financial details. Investigate the company's first mort gage bonds today. They yield 8 for l- years. Blyth,Witter&Co. Yeon Bldg., Portland Main 8183 6 School Bonds, Yielding 6 We are offering- a splendid issue of Klamath County Union High Schojol (District .No. 1) Bonds maturing serially lj)3l to 1941 in $o00' denomination. The assessed valua tion is' $334,914, and the debt including this issue only NO INCOME TAX TO PAY Send for circular containing full information CITABK KENDALL r CO. m GCrVERNMENT MUNraPALANDOP0RATI0M BONDS Stock!, Bomdt, tit . 117 Bears Cottoa, Grain, Etc. ot Trad -alldlaf Overbeck&CookeCoo DIRECT PRIVATE WIRES TO ALL EXCHANGES Members Caleafo Board of Trad CorretpoadcaU of Lor A Bzyas Calcaro , 5tw York FIFTH AND S TAP K STREETS - PORTLAND OREGON - ' -s-l I OUR BOND DEPARTMENT ,is eiuipi)ed to give 'the same reliable, effi cient and courteous service in investment mat ters, which characterizes the service of every department of this bank. Our oferinjrs,incIude the iaighest type of gov ernment, municipal and corporation securities. oldest IMTsOS FfrL'lEcT.'ili W. ...... KSTOTraxf--: