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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (April 22, 1921)
16 THE OREGON DAILY JOURNAL, PORTLAND. OREGON FRIDAY, APRIL 22, 1C21. PARENTS MAY FACE CHARGE OF 'GIVING' GIRL GUN iWarranta eharplngr Mr. and Mrs. Wallace Hobson, 400 East Eleventh street with furnishing their 16-year-old daughter with a, revolver will be istiued .today as a result of an en counter Thurcday afternoon- when the icirl drew a loaded revolver and refused to accompany two operatives of the woman's protective division to headquarters. . The girl is now in the custody of 'the woman's division, and Georsre Miller. 22. shipyard worker, who was found In the house: with the girl, is now in the city jail, held for Invent Ifration. .Itecause several complaints about the Blrl's conduct had been received. Mrs. .Lola . O. Baldwin sent Mrs. King and lira. Turner, accompanied by Patrol man Staton, to the Hobson home to ask the iclrl to come to her office for an in terview. The girl abused the women, they stated, snd drew a revolver from under a pillow. She told them the revolver had been riven her by her father and mother, and that they had told her to use it If anyone vlnterferred with her, " The police operatives had prone there intending to wait until the mother re turned from her marketing:, but when the irlrl began to abuse fhem and drew the run, they took her at once to head quarters. According; to the police, ftcorgre Miller advised the girl to use the gun and resist the officers. by persuading the girl to turn the gun over to him. Mrs. Baldwin stated this morning 'that the case would probably be tried before the court of domestic re lations. Rail Men's Wages Should Not Be Cut, Declares Economist tjnicago. prii zz. tu. r.t neoucuon in th cost of living is no reason why wages of rail workers should be slashed, W. Jett Iauck. economist for rail 'em ployes. said today in an exhibit pre sented to the. United States railroad labor board. LaucIc took the position that .general price reduction's would lower the cost of operation of the railroads, .because coal, steel and other materials would be cheaper. - ' Since the materials are bought whole sale, railroads will feel the price reduc tion sooner than workers because retail prices always fall long after wholesale quotations, Lauck stated. Lauck said that falling prices would save the railroads 1200,000,000 in . coal bills and 9400,000,000 in steel bills the coming year. ' Bryan's Prohibition Hobby at Grips With 'Order of Sphinx' New York. April 22. r- (U. P.) r The "National Order of Sphinx," an organi sation to combat prohibition,' protested today against the Sunday lecture by William J. Bryan in a New-York school building under the auspices of the board of education. The "Sphinx" declared it was not right to tax citizens to pay Bryan's lec ture fee when they already were bur dened by taxes Increased by prohibition. "Prohibition,? the protest said, "is un American, anti-Christian, anti-Jewish and ; anti-everythlng, and in . the final analysis an Utter failure." ;.. - y ., .. i Council Asked to Pass Ordinance to ' Force Limb Cutting A petition from the United Manufac turing company to the city council, ask ing for the passage of an ordinance that would compel property owners to trim trees overhanging sidewalks so that the lower limbs should 'not be less than 11 feet above- the walk, was referred to Commissioner Pier. . He states that he does not consider this practicable. : but will give instruc tions to the park department to see that trees over sidewalks are trimmed up to a height of eight feet. The 11 foot height liropoeed. he says, would often spoil the beauty of the shade tree. Naval Appropriation Of $396,001,249 Is Reported to House Washington. April 22. (I. N. S.) The naval appropriation bill for main tenance ofTiT? naval establishment dur ing the fiscal year 1921-22, reported to day from the house committee on ap propriations, carries a total or S396.001. 249. This Is $91,262,484 less than' the amount carried inVthe appropriation bill for last- year and 1283,514.482 less than asked by the navy department. Dr. T.G. Masaryk of Czecho-Slovakia HI (By Unite) Prssa) , Prague,, April 22. Dr. T. G. Masaryk. president (of the republic of Cischo-Slovakia, -is reported to have resigned, owing to 111 health. Vice President Dr. Kdouard Benes is reported to be. acting la his stead temporarily. Barbed Wire Snares ' Man's Body in River ' Canyonville Or., April 22. The" body of Ted Ferris was found Thursday eve ning floating in the Umpqua river at Myrtle! Creek, about six miles below where Ferris and Pete Kufner were drowned March 28. Kufners body has not been found. Ferris' body was caught on a barbed wire that had been strung across the river for that purpose. " Union High School Planned " f Bend, April 22. Preliminary plans for organising a .union high school district, which will mean the erection of a build ing costing $150,000, are being made here. A committee of the city school board has . been appointed " to take the. necessary sst steps. - Sues to I Recover i .Farm He Traded For! Idaho Ranch Eugene, April 22. Paul K. Schreldr has filed suit for recovery of a farm near M areola, worth about , 18000, which he says he traded a few months ago toi Daniel D. Carr for an 80-acre ranch near Twin Kails. Idaho. Schreider had I not seen the Idaho place before he signed contract papers and alleges he was de frauded in that the place did not live up to Carrs description. Charles N. Johston. 67. and Anna Pankey, 69, of M areola, were issued a license to wed. i John Kerly's; general store at Santa Clara was entered Tuesday evening andl about 50 in goods taken. From the size of footprints near an open window at the rear Deputy Sheriff George Croner believes it a "kid's job." The post office at Harrisburg will be moved about July 1 to Smith street, be tween Second and Third avenues. As the new office is outside the 80-rod free delivery limit, the postoffice, and not the railway company that, handles the mail sacks, must pay hauling charges.' A. R. Gray, i local grocer, has been chosen county chairman of the Salvation Army: drive. Lane county's quota is $4100. I ' Mrs. Frank i Seobert, who has been seriously lit with pneumonia, is reported improving. s- Ieonard Cartwright, Harrisburg. has been bound over to the grand jury on 11500 bonds, charged with non-support. SUSPECT HELD BANK WRECK (Continued Frnm Pag. One) Ruby station, which is at the intersec tion of the Troutdale carline and the Base Line road. McCoy was sick, weak and tattered. Andrews allowed him to sleep in the barn, but later in the day became suspicious and called Squires. i POSSIBLE CLUES FOUJiD In McCoy's possession Squires found a pistol, cartridges and several! 10 gauge ' shotgun shells of identical make with those found near the bank after the blow-up Wednesday morning, i His clothes were torn and smeared with brown soap of the kind used by yegg men in blowing safes. To all questions, however, McCoy rei plied that he i "would never become a stoolpigeon." j The theory is that McCoy went back to the bank too soon after the explosion and was sickened by the fumes. It is believed he - probably was deserted by his companions after the explosion proved a failure and was obliged to leave the scene on foot. It was three hours after the explosion, that he ap plied at the Andrews place for lodging; "SOCP MOCI,l CAUSE ILLNESS Dr. Orrin Hess, assistant county phy-i sician, said this morning that a roan who had inhaled nitro-glyctrin fumes would be affected just as McCoy was affected whenseen by Andrews and when picked up by Squires. McCoy lived in a barn on the old Mc4 Coy place where Eighty-ninth street en-? ters the Base Llne road. The barn is across the street from the house occu pied by McCoy's brother, Harry. j Th property was formerly owned by the father. i I Deputy Sheriffs ' Beckman, Christof ftrsen and Schirmer. who conducted the investigation, searched the barn and found paper wrappings removed front dynamite sticks, the gasoline cooker used for cooking the dynamite to produce nitro-glycerin, ; several nitro-glycerlm bottles and one bottle with some "soup" still in it. There were also several burglar tools about. j BROTHER CLOSE-MOCTHED The deputies grilled Harry McCoy to see whether he could tell them anything about the robbery, but he was as close mouthed as his brother and as there was no evidence against him he was allowed to go free. ; Harry McCoy has an automobile with Fiske tires on the rear wheels, which leave tracks similar to the tracks left in the lane near the Troutdale bank by the robbers car, but deputies believe all the wheels on the robbers' car had Fiske tires. i Garibaldi Woman I j Swallows. Poison Garibaldi. April 22. In a fit of def e pendency Mrs. Lucile Edwards, 28 years old. took poison. After swallowing the tablets she called a physician. She is in- a serious condition. Family trouble Is said to have been the causei i George W. Pbelps, Garibaldi merchant. Is in a serious condition as the resullt of an infection following extraction ojf a tooth. j , i When his ax swerved. George Caspeir was seriously cut in the foot. Nineteen stitches were : taken. Oklahoma Tornado Tears Up Trees and Unroofs Buildings Durant Okla., April 22. (U. P.) X tornado which swept through Easterh and Central Bryan county last night, un roofing residences and blowing ; them from their foundations and wrecking other buildings, did 8100,000 worth of damage, it was estimated here today, j Trees were uprooted by the wind and orchards were stripped by' the hail. As far as can be learned, no lives were lost. ! , Boetticher Denies Flunk Day Stories Albany, Or, April 22,-rProfessor C. W. Boetticher. superintendent of Albany high school, j taking exception to pub lished storte3 to the effect that the high school faculty ' had surrendered to the students in th matter of annual, "flunk day," asserts that the faculty has not "surrendered'' but has merely granted a holiday, to the school in lieu of Faster holiday. The student body association of the high school Thursday announced that no flunk day had been planned this year because .the school board had grant ed a picnic day. Lost Lode Is Found; Alaskans Stampede Nome. Alaska, April 22. (U. P.) The Lost Discovery lode, which caused the first Nome stampede.- has been relo cated on the; beach of the Nome river, according to prospectors. The strike is aid to be turning out from $t to 8250 a pan. A new stampede has been started. J Friend of Homeless i Children Tells How He Shelters Them "Faith in God first and then in man kind" is the principle on which the Rev. J. K. ; Klingberg. Swedish Baptist min ister, supports 145 children at a daily ex pense of 8183. Thursday night at the Swedish Baptist church the minister told of his work in New Britain, Conn., and then to the surprise of the audience did not ask for an offering. Klingberg was left an orphan. : Dur ing his early ministry he remembered his plight and entertained a desire to help those in like circumstances. In 1903 the opportunity came. A policeman told him of the pitiful condition of three lads liv ing in a shack. The next day the lads were in the Klingberg home. While tak ing the boys home the minister .met a friend who offered to provide a bed. His house was not large enough, as he had two children of his own. On his way to town to hunt for a larger house Kling berg met a man who asked : if he knew anyone who wanted to rent a large house. Ever since that date the clergy man has thus "taken things by faith." Before the winter of 1903 had passed he was caring for 30 children, during which time several hundred; had also received temporary care. Today he has 145 orphan children. ' All his associate workers also work on the faith, principle, none receiving a regular salary. , Klingberg haa started a modern build ing to house 300 and work is progressing as fast as the money is provided, but no debts are incurred. Religion or nationality is no bar to ad mission. Children of 14 nationalities are now in the home, although the majority are Scandinavians. ; ; That 4he clergy of Tortland might hear of this work a meeting has been arranged for 10 o'clock Saturday morn ing at fthe Y. M. C. A. Klingberg is On a tour of the Swedish Baptist churches explaining his work. Grange Members to ! Dedicate New Hall A party of 50 officers and members of Evening Star grange of Portland headed by J. J. Johnson, master, will go by automobile Saturday morning to Buttevuie grange, six miles9 from Au rora. to attend the dedication of a new hall recently built by the local grange there. State Master C. K. S pence and other state grange officials will attend and many visitors from Marion, Mult nomah, Clackamas and other counties will witness the ceremonies in the aft ernoon. The degree team of Evening Star grange will assist in receiving a large class or candidates. May Is Likely To Be Crucial Point in Trade By Frank D. McLean Special Correspondent of The Journal Philadelphia, Pa., April 22. May is likely to prove the crucial month In this district and business affairs in the area are shaping with that idea in view. A leading department store has given no tice of a large 'reduction of its force to take effect the first of the coming month ard others are likely to follow suit with a purpose of curtailing expenses through the summer months. Railroads having their general offices here also are gradually reducing their office payrolls to bring about economy in operation which is made necessary by a falling off in gross revenues. While diverting costs are estimated about 22 per cent -lower than one year ago, recent declines are almost nominal which fact is emphasized by the or ganized trades In supiwrt of the'.r efforts to retain the high wage schedules now in operation. Boarding House Is Ransacked by Thief Astoria. Or., April 22. After waiting until the household had retired, a thief Thursday night ransacked the cloak rooms at a boarding bouse in the west end of Astoria, securing loot estimated at several hundred dollars In clothing. The thief secured a room at the hotel during the day. CALIFORNIA TRUST COMPANY IS EXEMPT IN OREGON Salem, Or., April 22. Attorney Gen eral Van Winkle, in an opinion given Thursday, held that the Mercantile Trust company, organized under the banking - and trust laws of California to act as trustee for issues of bonds and notes authorized under the terms of mortgage or deed of trust and re corded in some county in Oregon, is not subject to the provisions of the Oregon trust law s. Also, that the cor poration is not under the jurisdiction of the state banking department New Oregon Corporations Salem. Or.. April 22. The Western company, with headquarters at Port land, has been incorporated by P. P. Dabney, M. M. Matthiessen and Rich ard Montague. The capital stock is $50,000. ' ' The Channel Lumber company, with a capital stock of $6000, has been in corporated by O. B. Hustojt, M. B. Meacham and L. I. Merrick. Portland will be the headquarters for. the cor poration. . La Grande Teachers Named La Grande, April 22. The following teachers were elected to fill vacancies caused by resignations: Francis Cramer of Milton, to teach science in the high school : Mrs. Grace Fine of Elgin, to teach languages In the high school ; Miss Bernlce Lloyd of Moro and Miss Edith Bragg of Monmouth, to teach in the grade schools. Only one vacancy ' re mains to be filled, all 1 other teachers having been reelected. "m J. A. Wilcox Dead .Redmond, Or.. April 22. J. A Wilcox, Redmond pioneer, who had taken an ac tive part in the city government since the establishment of the city in 1910. died at his home here Wednesday. ; Wilcox was city attorney and the oldest practic ing lawyer here. His wife and a son, Richard Wilcox of Portland survive. He was a member of the Yeoman. I. O. O. F. and Knights of Pythias lodges. Carpenters' Wages to Drop Vancouver, Wash, April 22. Effective May 1, the wage scale of the carpenters' union will be reduced from $1 to 90 cents an hour. The reduction in wages was made, it is said, to stimulate a building activity. Foreign Exekasge Market ' New Tork. April 22. C. p.) Koreiga ex change opened ' firm thia morning. , ; , Among th quotation were: . Sterling S.92. off ; franca .0727. oft .0001; lire .045. off .0013: marks .0144. unchanged; Canadian dol lars .8900, unchanged. i Foreign exrh; closed irregular today. Sterling, $o.0-'; francs, .0758; lire .047S; marks .0150; Canadian dollar. .8900; kronen. .1803. . . - ENORMOUS PEMEUM STOCKS ARE STILL BOOMING New York. April 22. it. N. S.) The stock market closed strong today. United States Rubber moved up to 75, an up turn' of four points, while Pacific OU was in large demand, advancing over 2 points to 39 Vi. United States Steel held around ! 82 and Mexican Petroleum held around 1 149.- The Sugar stocks were in demand, American Sugar advancing over 2 points to 22, while American Sugar Refining rose 1 to 904. Government bonds, unchanged ; rail road and other bonds, strong. Total sales of stocks today, 1,195.900 shares ij bonds, $8,590,000. New York, April 22. (I. N. S.) Most Interest was attached to the trading in Studebaker at the opening of the stock market today. That issue had , a wide opening, first sales ranging from 86 to 86, after which it had a quick ad vance to 88. an overnight gain of 2. Price 'movements In other issues were mixed but the trend was generally! to higher figures. ! Coadna Oil mnturaed in cond demand and after droppinc to 38 U. quirk recovered to 40. Mexican Petroleum made a tzin of orer 1 point to 145 Ti. Sinclair reaa 1 pcint to 29. The edranee in Studebaker ira (oHotred by a rin of 1 point in Cha.odlr and Pierce-Arrow. The ntbbffr (fork were akto in drmand, sob ntantial imonoTctnent beins made by United States Rubber and Ajai. Steel common rose to 81 but the other steel uliares were in supply. Crucible fell 1 U 75 and Baldwin shaded off to S ' . Corn Produeta mid up IS to 73 V ; Vamoos Players. 1 H to 76. and Atlantic Gulf early 1 point.: The chief feature of the market darinc the greater part of the forenoon waa tbe increased activity all through tba list with the exception of tbe railroad shares. Dealinsa hi 8tndebaker were on an extremely lanra scale and after the nrreok boring in the early trading which car ried the stock to 89 14 . it waa in supply on a larre seals and drooped back to 88. The petroleum stocks became the chief featnra after that movement. Mexican Petroleum mov ing nr to 1 47 Vi for gain of 3 H points. Coa den Co., after advancing to 40 . fell off to 8 . i There was little doing in the steel in dustrials which held steady. Furnished by Overbeck & Cooke Co.. Board of Trade building: BT'X'K HHiH LOW BID Advance Hum ......... 17 do pfd. . . . . . 40 Agr. Chem. 4 8 Aiaxx Rubber 85 Vi 33 , 35 Alaska Gold Alaska Juneau 1 Allis-Chalmers 38 37 38 i do rfd. 78 77i 774 Araer. Beet Sugar....... 38 37V 38 Amur. Bosch 59 08' 58 Amer. Can Co 29 Si do pfd 82 Amer. Car ft Fndry 173 do pfd Ill Amer. Cot. Oil 22 Amer. lrug Synd 6 . Allied Chem 42 Vk 42 42 Am. Hide ft Leather 84 do pfd 43 43 43 V Amer. Ice 54 54 54 Amer. InU. Corp ,. A 43 Amer. I linseed . 45 Amer. Loco. 86 85 85 V do pfd 105 Amer. 8sf. Razor 5 Amer. Ship ft Comrca 7 vi Amer. Smelter 40 39 K 40 do pfd 77 Amer. Snuff 101 Amer. Steel Fndry . 29 29 2! Amer. Sugar . 90 88 Vi 90 do pfd 101 Am. Sumatra 71 68 70 Am. Tel. ft Tel. 10814 Am. Tobacco 118 do "B" 114 Am. Wool , 75 4 72 4 734 Am. W. Pf. pfd. ..I 30 Am. Zinc 9 Anaconda 39 38 394 Associated Oil ...103 Atchison 81 80 80 do pfd . 75 Atl. Gulf ft W. L ;. 37 35 8 BsMwin Loco. ......... 88 Si Baltimore ft Ohio 33 do pfd 48 Beth. Steel 8 1" Beth. Steel "B" 65i Booth Pish 4 B. R. T 12 12 12 Butte C. ft Z 4 Butte ft Sup. 12 12 12 Csddo Oil 18 18 18 Calif. Packing 58 58 58 Cabf. Pet. 47 4 48 do pfd. 76 754 5 Canadian Pacific 1 10 Central Leather 35 34 344 Cerro Pe Pasco 28 28 28 Chandler Motor 83 82 82 Chicago ft N. W. .. . 63 62 62 Chicago Great Western 7 do pfd ! 18 Chile Copper ! 114 Chino 23 C. M. ft St. P.. 24 24 25 do pfd. ........... 38 Coca Cola - 27 Colorado Fuel ft Iron 29 Colorado Southern ...... 34 34 , 34 Oolo. Gas ft Klec S . 1 Colombia Granhnphone ... 9 8 8 Consolidated Gas ....... 86 85 65 Consolidated Cigars 40 do pfd. 67 Continental Can 87 55 55 Continental Candy 1 1 1 Com Products 75 72 74 do pfd. 104 Cosden Oil 39 C, R. I. &P 28 do i "A"' pfd 70 Crucible , . 78 Cuba Cane .'. '. 18 do Pfd 58 Cuban-American Sugar ... 224 20 22 Delaware ft Hudson 94 93 93 Dome Mines) I I 19 D, ft B. G , W i do pfd. .-....(. 1 Kndicott 4ohn' 61 Erie .j .'. . 12 i do 1st pfd 18 18 18 Famous Players 78 76 774 Fed. Ming, ft Smelt 7 do pfd 24 Fisk Tire 16 15 i 15 Gaston Wins. 1 1 1 Gen. Cigars 58 Gen. Electric 1374 Gen. Motor 13 Goodyear 1 2 Gen. Asphalt 69 63 68 Goodrich 88 Granby 19 Gt- Nor. Ore .......... ..... ..... 29 Great Nor., pfd. 69 68 4 69 K Greene Cananea ..... 23 Gulf S. Steel . ..... 27 Houston Oil 8 1 4 Hup. Motors 14 14 14 nf. Cent. 88 Inspiration ............. 34 84 34 lnterboro 4 4 - 4 do i pfd. 12 interstate Callahan 5 4 4 Int. Harv. 89 88 88 Int. Merc. Marine. ...... 1 3 13 13 do pfd. 51 50 5,0 Int. Nickel 15. 14 15 Int. Paper . so i do pfd. 93 Invincible OU 21 20 20 Island Oil 4 K. C. Southern '. 28 do pfd. I (..'....! 49 Kellv-MtringfieJd t 42! 44 . Kenneeott . .... j .... . 20 Keystone Tire ......... . 154 Lackawanna Steel 48 47 48 Lee Tire .............. ..... ..... 28 Lehigh Valley 49 " ) 484 LoriUard 152 150 151 Mackay I 53 Maxwell Motor S i do 1st pfd. .....) 6 Mexican Petroleum ...... 149 144 149 Miami T 21 21, 21 Middle States Oil . 15 Midvale Steel . . 27 M. E ft T J. .1 2 do pfd. . . . . 4 Mont Power .......... -. 51 Missouri Pacific J8 , 17 17 do pfd. 36 i MoitfnerjF-Wrrt I M. St P. ft S. S. M. 66 M. ft St. L. ' 10 National Biscuit . ...,120 National Enamel ..... 60 National Lead . . 73 Nevada Con. 11 New Haven ............ ..... ..... 16 Norfolk ft W ...... ..... 94 Nor. Pae. ............ 73 72 72 Nova Scotia Steel 35 N. T. Air Bras ,-. . 73 N. T. Central ......... 68 68 68 Okla. Prod. ret. ............. ..... 3 Ontario Silver ..... , ..... 4 Octario ft W 17 : Pacific OU 39 Pae. Gas ft Kec ...... SO 48 60 Pan. Am. Pet 72 69 72 do B pfd. 64 63 64 Penn. 35 35 135 DEMAND SENDS OIL SHARES TO A HIGHER POINT stock KtiiMj Low' i SHr Peo. Gas .. .' . . J . . . I . I'.t 47" I 4841 47 Fere Marquette 18 ' Philadelphia Oo. 82 82 -82 Puns Oil 85 25 35 Pterev-Arrow .......... 84 Pierce OU ..... 11 11 11 Pkts. Coal - 60 Pitta, ft West Va. ..... 26 do pfd. . .. ..... . 78 Pressed Steel CAt ...... 83 84 84 Pullman 104 Ray Cooa 13 13 13 Reading 68 Remington ............ ..... ..... 30 Repiogle Steel 25 Republic L ft S .. 694. .574 59 do pfd. ............. 90 Rep. Motors ; ; 17 Royal Dutch Oil 63 62 63 Ry. flteel Spc- 85 8. O. Ind. ..... ..... 75 Sears Roebuck , . 81 ShaUnck, Aria, i ...... . ..... ..... 6 Shell -T ft T i... 42 Sinclair: 29 25 27 blosa Sheffield ......... 39 V 38 39 Southern Pae 74 Southern Ry. 21 '20 20 do pfd. ............. ..... ..... 63 St. U.ft S. F. .. 21 20 20 Strom berg Carb. 39 88 38 Studebaker .t . 89 85 86 Swift ft Co. .. 99 T-nn. Cop. ftChem. ; 8 Texas Oil . . . . . . 43 42 i 42 Texas'Pac. ............ 21 20 20 Tex. Pae. C. ft O........ 28 27 27 Third Ave. 1...... 18 I 18 18 Tobacco Prodi. ......... 62 49 51 Trans. Contl. Oil 12 I'nion Oil Del 23 22 22 Union Pae. ............ 110 115 1 15 Vnited Alloy . 30 Cnited !rug ..... ..... 96 l aited Food Prod. ... 1 8 United Fruit 107 United Retail Stores. ... 52 60 51 IT. 8. Tnd. Alcohol .. 68 63 67 C. 8. Rubber ,. 75 71 75 . do 1H pfd..... 101 101 101 tT. S. Smelting 30 V. S. Steel 82 81 82 do pfd 110 109 109. Va. Chem. . . . . 30 Vanadium Steel ....... 30 29 80 Virandou 6 Wabash 7 do A pfd 20 do B pfd c 13 Welts Kargo 62 Western Pacific .... 25 do pfd. . . . 84 Western Union ..... ..... 89 Weatinghouse A. B . . . 91 Westing house E. ft M . . , . 47 47 47 West Md. 94 White Motors .......... 40 40 40 Willys-Overland J. 8 do pfd. 7 84 Wilson Packing 41 Wisconsin Central ...... ..... ..... 33 Wool worth i 114 Worthington Pump ..... 494 48 W. ft U F. . 8 Ex. Dir. Standard Oil Stoeki . Closing- Bid. Asked. 17 17 360 390 82 84 1 90 21 0 99 101 121 125 28 SO, 135 , 145 92 95 42 44 ,93 89 93 98 174 177 84 88 28 29 144 - 149 93 97 154 16 30 33 510 525 193 197 410 420 97 100 234 238 68 71 75 75 74 4 75 . 625 635 40.V 475 372 376 887 890 107 110 35 45 103 107 97 100 305 . 310 28 82 165 175 94 98 Anglo . , Borne Scrysmer ; . Buckeye . . . . .. Cheesebrough . . do pfd. . . . . . Continental . . . Crescent . . . . . Cumberland , . . . Kureka . Galena., com. Galena Old. pfd. . Galena New. pfd. Illinois Pipe Indians Pipe National Transit N. T. Transit .. Northern Pipe . . International Pete. Penn. Me. Prairie Oil Prairie Pipe .... Solar Refg Southern Pipe . . South Penn. Oil S. W. Penn. Oil . S. O. Calif..,.. 8 O. Ind S. O. Kansas S. O. Kentucky . S. O. N. T. . .:. . S. O. Ohio . .. . do pfd Swan ft Finch .. Union Tank do pfd. , Vacuum . .... Washington . ... S. O. Nebraska . Imperial Oil .... . . . . Foreign Bond Market Furnished by Overbeck ft Cooke Co., Board Asked. 18 10 19 59 46 69 88 382 384 311 ' 287 66 70 13 12 15 14 15 17 14 17 15 67 83 83 97, 99 93 88 90 ; of Trade building: Bid. Riiwin 5s. 1921 Rumian 5 s. 1926 Russian 6 . 1919 16 8 17 68 45 68 37 370 372 299 275 64 7 1 2 12 13 14 13 14 12 15 14 67 82 82 97 89 95 88 89 French 5s, 1931 . . French French I talis n British Briti-h 4s, 5s. 1917 . 1920 . 5 s. 1018 . OS. 1927 5s. 1929 British vky. British ref. 4s 4s Belgium rent. 5s Belgium prem. 5s German W. L. 5s . Berlin 4s . Hamburg 4s Hamburg 4 s . . . I-eipsig 4 s Ieipsig 5s ....... Munich 4s ...... Munich 5s ...... Frankfort 4 s ...... Japanese 4s . . . . . Japanese 1st 4 Ha Japanese 2d 4 s Paris 6s C. K. 5t, 1921 U. K. 5s. 1922 V. K. 6s, 1929 U. K. 6s, 1937 5w Tork Bob d Market (Famished by Overbeck ft Cooke Company.) Bid. A&. 76 f8 67 67 82 87 72 72 99 99 63 64 73 V4 73 81 82 20 25 75' 75 69 69 79 80 - 95 95 74 74 88 89 78 784 86 86 76 76 82 4 82 79 80 Atchison Genl. 4s. ., Ral. ft Ohio Gold 4s Beth. Steel Ref. 5s...... Cent. Pacific 1st 4s C. B. ft Q. Co. 4s .v . St Paul Genl. 4s. . Chicago N. W. Genl. 4s... L ft N. Cni. 4s... New Tork Ry. 5s ........ Northern Pae. P. I .-.., Reading Genl. 4s........ Union Pae. 1st 4s... .... C. S. Steel 5s Union Pae 1st Ref. 5. . . , Southern Pae. Conv. ; 5a. . , Southern Pic. Conv. 4. . , Penn. Conv. 4 Vis ...... Fenn. 1st 4s !...,, Ches. ft Ohio Conv. 5s..., Ore. Short Line 4s...... Liberty Bond Sales Reported by Overbeck ft Cooke company) , High. Low. Close. Liberty 3 s Liberty 1st 4s. . . Liberty 2d 4s . . . liberty 1st 4 Vis Liberty 2d 4 4 1 . Liberty 3d 4 s . Liberty 4th 4 Victory 4 a Victory 3 a 8960 8.840 . . $732 8734 8024 8746 8746 8940 8740 8746 8740 8750 i042 8756 9750 9730 8764 8758 9054 8760 9754 PACIFIC COAST BA5K STATEMENT i fortland. Sanka Clearings. ; This Waek Tear Awn Monday ....$6,483,978.81 Tuesday .... 6.174.344.03 Wednesday . . 4,928.730.94 Thursday 4,931,398.83 Friday 5,408.151.47 8 7.705.048.47 5.684.273.45 10.709.046.14 .935.960.72 : 6.172.944.84 Clearings Friday $ 899. 43. 895, 614, 044, 072, 800, 752. 189.00 107X0 752.00 266.00 451.00 936.00 000.00 488 00 Balances Friday Spokane Banks Clearings Friday ... , 6 1, Balances Friday '- Seattle Banks Clearings Friday S 4 Balances Friday 1, , . San Francttee Banks Clearings Friday . $19 Lea Angeles Bank Clearings Friday ...811, Government Officials Are to Aid Business Washington, April 22. I. N'. S.) Business conditions " daring the last week have shown no material Improve- ment. Secretary of the Treasury Mellon, said today. The secretary said that the president, and the cabinet, however,, are working earnestly In an effort to find relief for business depression. Drain Pipe Shipped Eugene, Or., April 22. The Eugene Concrete works Thursday shipped out a carload of big drain tile to Benton county, to be used on the Corvallis Newport higtrway. Ten thousand feet of tile for use at Grants Pass will be shipped soon, says W. C Hall, pro prietov . . CLAIM WARTIME WAGE DEMANDED 1 By Walter R. Brown : Kditor New Tork Commercial , (Written for the United News) New York. April 22. Interest. In the railroad wage controversy is acute, 'and the hearings' before the railroad labor board at Chicago are developing some interesting contro versies, "reflecting chiefly the desper ate attempt being made by the la bor representatives to justify the maintenance of the present ; abnor mally high scale. ' . It Is sign-of weakness in the pre sentation of a ease to begin browbeating one's opponents. This is what W, Jett Lauck; economist for the American Fed eration of Lbor, has descended to in charging that 12 large' financial corpor ations had entered a conspiracy to de flate labor. ; - ; Mr. Lauck Is undoubtedly . intelligent enough to know that-there was no such conspiracy. What he does know is that his words will carry weight with a large part of his following and tend to strengthen him ' as the champion of lost cause. .. The financial institutions he mentions from their very nature and size are largely interested In railroad securities. They, as well as everyone eluc, realize that operating costs' are too high, for which labor is largely responsible, and that freight rates cannot come down until these costs are reduced. : We cannot get away from the fact that railroad wages are still on a war basis and that this element of the com munity has got to stand its share of the deflation program just as much as any other. We are -ail anxious to see every one else deflate except ourselves, which is. natural but impractical. Mr. Ltauck is a very clever man. but as an economist his theories are some what one-sided. SHOW CUT IN COST OF LIVING Chicago, April 22. (I. ,N. S.) Living costs in Illinois and the coun try districts of Indiana Tiave regis tered an average decrease of about 35 per cent in the period from April 30, 1920, to March 1 of 1921, and in some cases the decrease has reached an extreme of 52 per cent, according to testimony presented to the United States railway labor board at to day's continuation of the railroad's fight for .immediate wage cuts.; In addition to the estimates and prices on everyday foodstuffs that have beeen filed with the board in recent hearings, H. T. Dick, general solicitor for the Chicago Jk. Eastern Illinois rail road, on behalf of Receiver William J. Jackson, today' testified that retail prices in 73 towns in Illinois and Indiana have shown the average 35 per cent de crease. Citing 100 pounds of flour, one pound each of sugar, cornmeal. bacon, round steak, lard, potatoes, butter, navy beans, lima beans, onions, salmon, peas, corn, tomatoes, condensed milk and one . ton of coal, one pair of medium grade , shoes and one suit of overalls as the bill of goods in each case. Dick said Evansville, Ind.. and most of the Indiana mining districts had shown decreases of 30.21 per cent. ' These drops, be said, were due to a drop in the price of coal. Taking Danville, 111., as the average Illinois industrial center,-Dick said the prices for his "bill of sale". were aver aging a 34.03 per cent decrease. The total price tat- the bill . in Danville, be declared; was $27.32. The Chicago Ac Eastern Illinois rail road since January L Dick told the board, has been unable to make oper ating expenses or even to' meet its taxes. Weinhard Estate : Files Incorporation Chehalls. Washu, April 22. Articles of Incorporation were filed with the Lewis county auditor by the Henry Weinhard estate last Wednesday morning. The In corporators are Henry Wagner, Henry Wessinger and Prescott W. Cookingham. the capitalization $1,200,000 divided Into 12,000 shares of 8100 each. By these ar ticles the company is given a right to deal in mortgages, insurance, real es tate, bonds, lumbering and manufactur ing ft fuel. The place of business is Portland. Or. . The Henry Weinhard estate was Incor porated in Oregon In 1317 and articles were filed in Lewis county to clesr title On real estate purchases, according to Henry Wessinger. t FOREIG EXCHAKOE RATES ; ' Corrected daily by the foreign exchange de partment of tbe L'nited States National bank. Quotation below, except the pound sterbng, .are quoted on the basis of lOO.unita toreiga currency. Opening I London ; Drat. Cable- Par . Checks. Transfers. Talne. t 3.2 I 3 82 V $ 4.864 7.2T T.28 - 18.03 ' 1.45 1.45 23 81 4.7214 4.73 , 19.80, 8.80 8.85 19.30 1805 18.10 . 28.70 15.85 15.90 28.70. 2 8. SO 28.65 . 81.00 61 50 ..... 48.45 . 4.9S ..... 67.00. 67.50 ..... Berlin Marks. Genoar Lire . Athens Drachnaa Copenhagen Kroner ' . . . Cliristiaaia .Kroner ..... Stockholm Kroner .... Hongkong Curroney . . Japan Ten . . Shanghai Teals Mosey aad Exchange New Tort, April 22. L N. S.1 Call sooner en .ike floor of the New Tork stock ex change today ruled at 6 per cent: high. 6 per cent: low. 6 per cent. ' Time monejr was steady. Bates were 6 9 7 per cent. The market for prime mercantile paper wag steady. Oall money is Loudon today was t per cent. Starling exchange waa steady, with business ia bankers' bills aa $3.91 for demand. - Stocks, Boass, Cottoa, Grata ! Cte. 1181 Beard ; ef Trad Mllolag ; - jJ j . - . Overbeck&CookeCoe DIRECT PRIVATE WIRES TO ALL EXCHANGES Kiatser Caleage Board ef Trade . CorrtrpoaagaU of Logaa Brraa -Chicago . - lit Ink ' Credit Men Talk 'Shop at Annual Dinner - Meeting --'Mv - -. " Members or. the Portland Association Of Credit Men turned out in large num bers last night to attend the annual din ner and business meeting held in the Crystal dining room'of the Benson hotel. Besides the election of directora" the members listened to. a pleasing musical program' and ' an address by -Milton A. Miller, collector of Internal revenue, on the subject. "Income Tax and Credit." -Miller brought out the immense vol ume of business that Is done in the coun try. on -credit' and .the great responsibil ity that rests with the credit men In con ducting their business. The directors elected, who will also act as the directors of , the adjustment bu reau.' are A. C Longshore, cashier of the Northwestern National bank : i K. R. Roes, .- secretary of the Irwin, Hodson company, and - H. W. Hall, credit man ager for the Portland Lumber company, Inman- Ppulsen company nd the East ern ec Western Lumber company ,1 II. - J. Parr, president of the associa tion, spoke of the growth of the asso ciation during the past year and of the progress made by the credit men aT a body. He also urged that a record del. egation attend the hatidhal convention to be-held in San Francisco in June. At a noonday luncheon today the directors elected, the following officers.: A. CT Longshore, : cashier of th North western National bank, president ; , K. W. Johnson, of . MUler. Calhoun & Johnson, vice president ; O. Middletot' Of the .Blake-McFall - company, .secret tary-treasurer, and H. D. Marnock of the Tru-Blu Biscuit Company, auditor. The discovery of a mechanical process for destroy infg weevils in stored grain is claimed by British entomologllsts in Australia. - " j i " IMPROVEMENT PROVINCIAL t - . SCHOOL j. , . WATER -i to yield 6 to 8.50 Western Bond .& Mortgage Coi Main 118 80 Fosrtk SU Board of Trade Bldg. '!',.- Oround Floor BOtiDS ALWAYS GOOD POLICY . To spread your investment among reliable agricultural centers of the Northwest, as the following, now available I Washington Cities I ni pro v. : - ' : - " ; - , Est. Mat. ; -Vancouver 6. ...... 1922 Wenatchee 7' . . . , . . .1922-31 Colville 6'V... ...... 1925 Toppenith 7's . . J . . . . . 1921-24 IJaho Cities Improv. Malad City 7'.. . ... . . ! Rupert - V .... . .. . .. 1 Income Tax Exempt Bonds ...,-. KEELER BROTHERS j . i , Investment Securitiaa J U. S. NATIONAL BANK BUILDING , - Broadway 5800 Safe ImvestaneEt: Abnormal Profit Possibilities $30,000,000 First Mortgage, 20-Year 8 Bonds Goodyear Tire & Rubber Co. Secured by closed; first mortgage on all fixed asset on one of America's greatest companies. Bonds Callable by liot, One-Fortieth Every Six Months, at 120 Net tangible assets less Net current ' assets.-.. Net property' accounts, less Average net income for in. and taxes .past five years ........... j, ' 12,515,69 or over five times interest on this bond issue, which is the only funded debt. . SAFE . PROFITABLE MARKETABLE 8 20-Year First Mortgage Bonds at 99 YIELDING 8.50 and UP Call or send for further inform- CEABK KENDALL & CO. inc i GOVERNMENT MUNICIPAL AND CORPORATION BONOS flFTH AND STARK STREETS - PORTLAND BUILDING BOOM ON IN MID WEST Special CerraspondrBt nf Ttia Journal St. Paul, Minn.. April 22. St. Paul and Minneapolis are in a building boom that promises to surpass all records since 1893, C. 1). Matteson oi the Capital Trust and Savings Bank declares. It is cHtlrnsted by the building exchangt-s of the Twin Cities that Minneapolis will erect 8000 homes and St. Paul approxi mately 6000 residences this year. One Minneapolis concern is now building 205 bungalows and will erect BOO more bcfre tne summer ends. The lumber dca'ers of St. Paul and Minneapolis, have joined In an adver tising campaign to Inform the public that-the cost of home building han de creased 31 '8 per cent from 1920. Coats would be atill lower were it not for the high freight rates. The lumber dealers estimated that 20.000 new homes are needed in the Northwest. Lumber costs have dropped 40 per cent since spring of 1920, while face brick is 32 per cent cheaper. ' IL1.JI... . . I' . !. 1 I . IJ1 I . .1 OWNERS frequently find that the time spent in managing their property is worth much more to them than the fee for a more com plete manage ment service. Strong SMacIIaughtoh toneeTT BUILDING PORTLAND OREGON Yield 7 1922 - 30 924-30 Denver all reserves. . . .$J.VvJMt153- L 6,'),1 3!),8a appreciation. 1,32,050 OREGON w F