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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (June 24, 1921)
THE . OREGON DAILY JOURNAL, PORTLAND, OREGON FRIDAY, JUNE Si, 1C21. 1G 0 TRAFFIC BURDENS : TO INCREASE WITH ' CLOSING OF BRIDGE ' Serious traffic congestion is threat ened by the closing; of the Morrison bridge for two months,, beginning Monday. County Commissioner Hoyt, Captain . .Lewis of the traffic squad. City Engi nes Laurgaard and F. I. Fuller, vice president of the P. R. I & P. company, agreed on this when they met in - the roadmaster's office today to discuss the question. v Fuller stated that First street would be choked with traffic as soon as' the . bridge was closed and inasmuch as the street railway company" is making re pairs on its tracks along this street and traffic is allowed in only one direction - at present, he proposed that the repair : work on the bridge be delayed a few " days.". ' Hoyt replied that the contract for the , work had been let, the contractors had ! their machinery in position and it would be practically out of the question to ask t them to stop now. He said he would put'the matter up to them, however. ' It was decided to have -a traffic of : ficer stationed on the Hawthorne' bridge so streetcars would not need to stop at the draw, as they have been required - to do ' in the past to see that all was safe, i The officer will keep traffic in motion and stop it only when ships . must pass through.-. An appeal was addressed to the pub lic, asking that fur a be parked on the east - side whenever possible and that When it. is necessary to 'cross the 'river the Broadway i6r Steel bridge be used. This would rleve congestion ; on the Hawthorne ana Bumside bridges by at least 25 per cent, according to Hoyt. EMPLOYES SUE TO ENFORCE " CONTRACT TO PAY BONUSES The late J. C, Olds of Olds, Wormian & King signed an agreement with 25 of his employes -on April 2, 1918, stating that he would give them a bonus on the profits of the store during the ensuing year and 5 per -cent, on all individual sales in excess of the sales made dur ing the preceding year.. Olds died on December 23,, 1918. however, and the employes claim the estate and Bessy A. Olds and Chris A. Bell in particular, failed to carry out the bonus provision. The case was argued before Circuit Judge McCourt today. DRIVER OP DEATH CAR IS ' SENTENCED fOR PERJURY Ed Goneau,- driver of the car In which Tessie Lotlsso was carried to her death, . was sentenced to two years in the peni tentiary by Circuit Judge McCourt Thursday afternoon, and then admitted to parole. Goneau was found guilty of perjury, committed during the trial of Thomas Lotlsso for the murder of his wife last, November. Goneau's claim that he heard no screams led to his In dictment. 1 Baptist Fight on . Qualified Oreedal Fund Simmers Yet Des Moines, Iowa, June 24. U. P.) Delegates wondered today whether the fight that developed over acceptance of a 11,750.000 gift yesterday because creedal conditions were attached to it. would be renewed when they gathered for the third day's session of the North ern Baptist convention. Some feared there would be a repe tition of the controversy late today when the convention discussed the report on an investigation of Baptist schools and col leges. - - i ' V The fight which developed over the action of the American Baptist Home Mission society's board of. managers flared up when i a resolution was pre sented by Judge F. W. Freeman of Den ver approving the acceptance. The gift waa in the form of a trust fund, the income of which? was not to be used in the payment of salaries or expenses of any colporteur-missionary or other mis sionary who did not believe : 1 In the Inspired and supreme author ity of the holy scripture. , 2 In the deity of Christ, his divine in carnation and atoning death and bodily resurrection and return to earth. 3 That the church on earth is com posed of redeemed persons commissioned to make their chief business the evan gelization of the world, i History Becoming ::. More Democratic, Says! Dr. Schafer History is becoming more democratic and dealing with the people as a whole rather than the distinguished statesmen and soldier. Dr. Joseph Schafer, super intendent of the Wtsteonsin Historical society, told the j members of the Port land City club I at the. luncheon held this noon in the Benson hotel. Dr. ; Schafer. who was formerly pro fessor, at the University of Oregon, told of the work the i Wisconsin society was doing In collecting data of the social life of the state by means of the personal records found, in the official census re turns and by other means. He pointed out that such a record, called the Wis consin Domesday Book, would be in valuable,' not particularly today, but in the future as a basis upon which an in telligent history of the state could be compiled. j . C. T. COLEY OF n: y. is to head BUILDING OWNERS , "She Did It," He Says . William C. Gibbons, who was 17 years . old when he married Mrs. Oscar Bru nette on November 23, 1920, maintains, in effect, that the woman, who was six years his senior, led him to it. He filed - Buit for annulment in circuit court today. Divorce Mill : Suits filed: Juanita against William C. Anderson.! Wava H. . against' F.. C. i Petty, Elizabeth M. against Charles . Kitzler and May against, Noah Brabant. ; Bus Driver Fined ' Virgil Yates, driver of a sight seeing bus, was fined 1 25 for speeding today by District Judge Delch. , Southern Pacific Train in Head-On Crash Near Gaston In a beadon collision on the west side line of the Southern Pacific railway, 18 miles south of Portland -at 6 :45 o'clock this morning, an extra work -train, Portland-bound, and a regular freight train, Corvallis-bound, met about one and one half miles beyond 'Gaston. Reports re ceived by. the S. P. offices,- said that no person was Injured. Only meager . details of the wreck were received by the local offices. Both trains were evidently running at a fair rate of .speed, as the wreckage was not cleared until 2 o'clock this afternoon. Five, cars of gravel were derailed, causing a great amount of work for the wrecking crew. All passenger trains on (he main line were delayed. i Local officials of the company are at a loss to understand the cause -of the wreck' which was being Investigated. .it was probably due to mistaken signals as It waa daylight at the time of the run in and. no fog w-as in evidence. Dam age has not been estimated. The work train was In charge of Conductor Kim mell a ird the freight train in charge of Conductor Swain, both of Portland. 94,822,431 White Persons in U. S.; Japanese Increase ; Washington. June 34. (U. P.) The 1920 white population of the United States comprised 94,822,431 persons of the 105.710,620 total, according, to an announcement by the bureau of cen sus. .; ' ' The balance were divided : Negroes 10,463.013. Indians 242.953, Japanese 111. 025, Chinese 61,686, Filipinos 5603, Hin dus 2605, Koreans 462. Maoris 8. The rate of increase In the nerro population diminished considerably dur ing the decade, as did also the Chi nese. The Japanese showed the largest ratio of increase. ;ed Traffic Policeman Turns Out to Be Bobber Believing he was being stopped by a traffic officer, Clyde A. Atkins, ' who lives i at the foot of Vermont street, stopped his automobile near the "Y" on the south approach to : the. Interstate bridge at 11:30 Thursday night, and contributed $7 to a grouchy highway man, I who seemed displeased with the small "haul." Atkins said he. was not surprised when ithe man flagged him down, for he was driving his automobile about 30- miles an hour. ; J. W. Hatdorf. 304 Dekura .building, met two highwaymen at Sixteenth and Jefferson streets Thursday night and waa robbed of $20. Northwest Session Of Graduate Nurses Is Brought to End i i . L ' The Northwestern sectional confer ence the Graduate Nurses' , associa tion was brought to a close this after noon i with a trip over the Columbia highway for the visitors. Next year the nurses will' gather at Seattle and the t following year at Ta coma. Officers will be elected by bal lots now in the mail. The result of the election 4 will not be known for some time, r j - : ( This morning's business session was given over to the reading of papers and discussions, committee reports and reso lutions. ;j ' i Topics discussed this morning include child : welfare nursing, tuberculosis nursing. Industrial nursing, school nurs ing and the. public health nurse. Dr. j Edward F. Ziegleman of Port land, speaking Thursday afternoon be- lore tiie nurses, said that people who op pose vaccination and urge others to op uose it are deliberately working against the work done by hospitals. Cement Plant Sale Deal to Be Closed By Fred A. Ballin Fred A. Ballin, - president - of the Supple-BaUin Shipbuilding corporation and other enterprises in Portland, ex pects to leave for Los Angeles Saturday to: close negotiations with that city for the purchase by i the United States Pot ash company, of which he is president, of the Monolith cement plant. The company has been running this plant, under lease from the city of Ix8 Angeles, for the: past year, and it now is ; ready to- close the deal for its pur chase. The plant, which has a capacity of 15,000 barrels of Portland cement per day, -was built i by "the city of Los Angeles in, the construction of the fa mous Owens river aqueduct, which car ried the waters, of Owens river from Inyo and Mono counties to Los Angeles, a distance of 265 miles. The plant cost the city approximately $800,000, and it is to be sold to - the , Potash company for $450,000. ; ;. .. , . , Clarence T. Coley, manager of the Equitable building: of New York, will be president of the National Associ ation of Building: Owners and Man agers for the coming: year, according to announcement made this morning by the nominating committee at the annual convention of the association at the Multnomah hoteL I H Actual election of officers will be held at 7:45 tonight, but there is no opposi tion to the nominees chosen by the com mittee and It is virtually . certain that ail will be elected., r ;j ' Dean Vincent, manager of the North western Bank building, , was chosen for first vice president ; Earle Shultz, man ager of the Edison building of Chicago, second vice president s Ell Torrance Jr. of , Minneapolis, third vice president ; Howard J. Loom is of Omaha, secretary, and Lee T. Smith of New York, treas urer. : . '. . :; The apartment house is the logical abode for the city man and 1 its pop ularity is increasing, according to Wil liam E. Barton of New York.! Barton manages a string of apartment houses in the Eastern metropolis and is down on the afternoon program for a talk on apartment building rents.: ' Sanitation and service .of apartment houses occu pied the attention of the delegates at a special conference this morning. Reduction of rents is hardly ! possible. according, to- Barton, unless some means la found to reduce taxation and operat ing expenses of apartment houses. The service can be Improved by mechanical applicances to a point ; which would make the rent of secondary importance, he said. . . -. 4 Women of the convention were en tertained today with a motof . trip to the forestry building and a ! run out Powell, Valley road. Luncheon was served at the University club. Saturday at 9 a. m. all guests of the convention will go for an auto trip over the Colum bia river highway, w,ith a stop for lunch at Columbia Gorge hotelJ Financial Paper Changes , Chicago, June 24. (I. N. j S.) The Chicago Journal of Commerce and Daily Financial Times Friday printed the following: j "With the issue of June 9; Andrew M. Lawrence disposed -of his Interest in this paper and became Ithe . sole owner of the capital stock of ; the San Francisco Journal and Daily: Journal of Commerce. The two properties have hitherto been , under one management, but changed conditions required sever ance of operation."; Stock MMggr Federal reserve board's weekly state ment shows advance in banks ratio from 56.8 to 60.4 per cent, t J ( .New York federal reserve banks ratio advanced from 60.60 to 68.9 per cent. f Reading company earned $4.94 a share on common stock In year ended Decem ber 31, 1920, against $4.09 in year ended 1319. ' . 1 i Sharp fight foreseen on Senator Pen rose's bill for refunding of foreign loans when hearings begin on measure next Wednesday. ; , j Secretary of Treasury Mellon asks for unlimited foreign debt refunding power ; request goes to congress ap proved by President Harding as im portant relief measure. : 1 i Dallas reserve bank reduces redis count rates. I CALL- MONEY IN-EXCESSIVE SUPPLY IN NEW YORK. MARKET MOVED BUYING JN STOCK MARKET New York. June 24. (L N. S.) The stock market closed steady today, many of the leading issues closing at the best prices of the day. One of these was United ; States Steel, which sold up to 71. and American Tobacco, .which rose nearly points to 118. . The railroad stocks were in better de mand and gains of from 1 to 2 points were made, Northern Pacific moving up to 67. Southern Pacific to 70 and Rock Island to 28. General Asphalt was in large demand and rose nearly 3 points to 50 and Studebaker hung around its high level of 12. Corn Products sold up to 64, an upturn of 2 points, and Mexican Petrpleum rose 3 to 113.- Government bonds, unchanged ; rail way and others steady. v ' Total sales i today. 500,100 shares; bonds, $8,433,000. . . New York, June 24. (L N. S There was a remarkable improvement In the buying power at the opening of die stock market today and the list gener ally displayed strength. One of the fea tures early ; was an advance of 2 points to1 48 in American Sumatra Tobftcco, due to the declaration of the regular dividend. : Studebaker rose K to 71. Mexican Pe troleum ro 1 to 112. V. 8. Stel gained to 71. - Curcible adraoeed to 53. General Asphalt footed up 1 to 48. Canadian Pacific rose to 104. Sinclair Oil row to 19. The market, after the first 15 minutes, indi ratnl that mnnn conditions have commenced to impress themselTes as an important factor In tne aisnaTion.- an montj ptnuuwu excessive supply on ttoe stock exchange at 4 per-"cent.'j . f - - Trading continued small in volume during tne afternoon :but this waa .due chiefly to the ab sence of offerings., there being an increased de mand reported by specialties in many issues. Furnished by OTerbeck it Cooke Co.. ; Board of Trade building: , 8TOK HKilij UAV BID . . . . . Adiance Bum , . SOOjAtr. Chem. .1. 400Ajaix Kubber.-i.. 30OAlatika Gold .. 500Alaska Juneau 4 00 i Allis-Chalmers do Pfd. . . . 800 Ami Beet Sugar BOO) Am. Bosch . 7 001 Ami Can Co. . i do ofd . . - BOO Ann Car & F4y. . 20oj do pfd. ;. . . ' 1 00 Ann Cot. Oil . . . 100Am, Drug Synd... 1000 Allied Chem.., JAin; Hide &. L4. . . 30V do pfd. . . . a. . . 10OAm, Ice . . . . J. -. . 640OAm. IntL Corp,... 1 00Am. Unseed .J... . .... do pfd. OOOjAm; Loco. . . j . . . l'0O do pfd. . . . J HOojAm. Saf. Razor 1000 (Am. Ship & C... 1000 Atn. Smelter..... 600) do pfd. ....... 600Am. Steel Fdy.... 2900 Am. Socar BOO . do pfd. 9000 Am. Sumatra . . . . eOOAm. Tel. Sc. Tel 4000 Am. Tobacco 500 do "B" 3900 Am. Wool . . do pfd. 50O Am. W. P. pfd ... . 800 Am, Zinc ....... 1000 Anaconda ....... Asfd. Oil .... 11 001 Atchison : Atlantic Coast ! Line! 5600 AtL Oulf Sc. Ws I.. 9000 Baldwin Loco. I. . . , lOOf ido pfd, . . .;. . . . 4800Balto. & Ohio 20O ido pfd. ....... 12600IBeth. Steel "B". , Railroad Officials Gather Here for ; Rate Conference G. W. Luce. ' freight traffic manager for the Southern Pacific system, ' ar rived in Portland this morning, the first of a group of railway traffic ex ecutives who are expected to gather here Saturday for a. conference on short line rates in the state of Washington. No tice has been received that J. Q. Wood worth, .vice president in charge of traf fic on the Northern Pacific system. Is expected here Saturday morning. It is . probable that W. l Kenney, vice presi , dent in charge of traffic on the -Great Northern; and H. M. Adams, vice presi dent in charge of traffic for the Union Pacific system will be here for the conference Motorcyclist Runs Into Tree to Avoid Auto; Hurt Serious Thrown 10 feet: frnm th mrnn.1 hi was riding Into 1 a tree, Roy Anderson, -u(Hinuiin Btreet, was taken to St. Vincents, hospital in a semi-conscious condition at noon today; It was reported he might have a fractured skull. Anderson swerved north into Ella street to avoid an eastbound automobile that had turned into the street ahead of him. 1 In making the turn he lost con trol of the machine ' and ran into the curb.' The impact threw him from the machine into a tree 10 feet away. He struck-with his j shoulder and one side of his face. ' 1 According to Motorcycle Patrolman Mobley. who investigated the accident. Anderson 'wasrldlng at about 30 miles an hour, D. C.f Resser. 691 Milwaukie street, driver of the automobile, stopped his machine before It crossed the inter section. He said he was driving be hind a streetcar and could not see An derson until he passed around the back of the streetcar.) American Woolen operating? at full capa'city. f NEW CORPORATIONS Salem, Or, June ' 24. The Lantz Oil Burner company of Tillaniook i filed ar ticles of incorporation with1 the state corporation department here Thursday. The company is capitalized at $100,000, with the following incorporators : E. G. Lantr, B. L. Beals and C j B. Stan ley, j Other corporations filing I articles were : x ' 1 Bobbins ' Machine company, 'Portdand. $50,000 ; G. F. Bobbins, Geraldine Rob bins, L. B. Crouch. I West Coast Tanning company, Port land, $10,000 ; A. A. Chervenyi Michael Devecka and A. Gutknecht J - ; Northwest Sales & Storage company, Portland, $5000; G. C Frisbie, Marvin K. Hollarjd and Robert B. KuykendalL Rathkey Battery . company, .Portland. 10.000 ; Lawrence .-: Rathkey, John W. Rathkey and Mrs. J. W. Rathkey. , The Universal Pipe Line Corporation of Wyoming, capitalized at ( $500,000, has been admitted to transact busi ness in this state. j - The AtthJia Oil company, a Wash ington corporation, has served notice of withdrawal from this statei A certificate filed by the United Grocers of Oreg6n,. Inc., shows an in crease in capitalization from $10,000 to $50,000. (,. Resolutions of dissolution have been filed by the R. J. Browne and the Gordon Investment both of Portland. company rcompany. SHORT TERM IfOTES Quotations furnished by Clark, Kendall Co.. Inc. - I Security i Maturity. Am. Cotton Oil Ss. : . 9-2-24 Am. T. A T. 6s. .-. .10-1,22 Am. T. T. Saw.. 2-1-24 Am. Thread 6, .... 12-1-24 Am. Tob. 7s.. 11-1-21 Am. Tob. 7. ....... 11-1-22 Am. Tob. 7s ....... 11-1-23 Anglo Am. Off 7s. 4-1-25 Armour (bt, 7s. ... 7-15-30 Belgian Got. 7S..'. 6-1-45 Belgian Jot. 6s 1-125 Bethlm Steel 7s.. ...7-15-22 BeUil'm Steei 7s. . . , 7-1S-23 British Got. 5 s. ,,. 11-1-21" British Got. S s. . .11-1-22 Canadian Uot. 5s. . 8-1-21 Canadian fioT. 6s... 8-1-29 Ir.ter. R. T. 7s...... S-l-21 Cudahy Packing 7a. 7-15-23 Japanese Got. 4 . 7-10-25 Kennecott Co. 7s. . . . 2-1-30 Molina Plow 7s.. ...S-l-21 Moline Plow 7s B 1 22 Moline Plow 7s 8-1-23 kioUne Plow 7s..... 8-1-24 Nor. Pac. Eqp. 7s. - 6-15-22 Pacific Gas 7s.... 6-1-25 . Swift 6s 8-15-21. C. 8. Rubber 7s. .... 12-1-23 Bid. Asked. 88 89 97 98 054 86 94 95 .99 100 99 ion 99 99 98! 98 94 95 98 98 921 92 99 99 95 . 96 99 99 97 97 99 99 90 90 72 74 99 100 84 84 90 91 96; .... 94 .... 92 90j .... 92! .... 9i 99 99 97 97 PACIFIC COAST BASK 8TAtEME3TT Portland Mmt This week. Tear . 8.561.025.51 $ 6.844, . 4.883.711.73 4.913 . '4.241.737.61 4.674. . 5.192.916.05 4.484 ... 3.450. 864.02 4.689, Spokane Banks Friday 1.892, riday . , 637, tils Bank . Friday $ 8.503 l-Tidsy . ..... . . ; . 840, ' Tacoma Bancs Clearing Friday $ 398 Balances Friday ........... 61, San Francisco Bank Clearings Friday ..317,000 Lea Angeles Bank ' .'i . Clearings " Friday .. 12,622 Clearlng Sfonday. -. Tuesday i . Wednesday. Thursday Friday . . Clearing Balances Clearing Balances fx 690.18 737.83 037.83 367.01 ,286.01 145 00 510.00 078.00 649. Off 783.00 865.00 000.00 635.00 100IRJ Vl. T, Butte C. & Z. . . . . 100 Butte A Sup, 100 Caddo Oil Calif. Packing 1,000 Calif. Pet. -J. ... .....j do pfd. ........ 140OiCanadian Pac. . . . . 130O Gen. Leather . . . . 600Crro Del Pasco SlOOIChandler Motor ... 400Cbgo. & N. W.... lOOjCbigo. Gt. W..,.. 100 do pfd. ......... 800Chili Cop ........ SOOjChino , 1000 C. M. St. ? 500 do pfd. 10600Cocoa Cola..- 3100 C. & O .. JColo F. tc' 1 . . . . . IColo. Southern . . . . . 800 Col. Gas & Elec 2800Columbia Graph. . . . SOOjCon Gas . . . . .jContl.. Can lOOOiConU. Candy 10000 Corn Prod . . j do pfd. ......... 1000 Cosden Oil 3900 C. R. I. k P 200 do "A" pfd 400 do "B" pfd , 8900 Crucible - . . j do pfd ......... 1000 Cuba Cane - 2600 do pfd - 800!Cuban Amn.". Sugar 100DeL & Hudson... 2400I)ome - Mines. ... 100D. &, R. G ....! do pfd . . ". . lOOOiEndicott Johnson 1200Krie . 800Erie 1st pfd.... . i do pfd 3 3 OO I Famous Players . Fed. Min. & Smelt. ...... do pfd. 300 Fiak Tire 100 Gaston Wms. . . . -Gen. Cigars 600 Gen. Elec ...... 6600 Gen. Motor 700 Gen. Mot. 6 . . . Goodyear ....... 26800 Gen. Asphalt .... 2400 Goodrich 200 Granby . COO Great Nor. Ore . . . 500 Great Nor. pfd. . . 10 Greene Cananea . ..... Gulf S. Steel. Hup. Motor . . 12 36 35 8 21 21 21 . ' . . . ..... 1 29 29 2D 70 27 26 27 33 33 32 Ut 118 ) 118 117 'r 108 109 108 15 15 15 4 4 4 38 37 37 46 46 47 54 ; 54 54 31 30 31 22, 22 22 :. 58 76 ! 75 , 75 " 98 "4 "4 4 7 7 7 34 33 83 68 68 68 25 24 24 72 70 71 48T 47 48 102 102 102 118 114 118 1.16 115 115 69 65 67 ... . 92 ' 25 ii" 24 "35 '34 35 I 93 "is"! '77 78 . .' ' ..... 78 22 '26" 21 64 62 64 . ... .!. ..... 95 34 33 34 . i. . 48 43 41 42 9 9 - 9 'io 'io' 10 10 10 10 55 38 37 88 i. . . . . . 68 105 104 105 i 33 32 32 24 24 24 51 50 50 61 ! 60 60 7 7 7 16 15 15 10 10 IO 21 20 20 24 23 23 35 34 I 85 30 27 29 47 46 47 .......... 25 ...i 31 54 54 54 4 4 4 83 82 83 . . . . ..... 44 '64 62 64 ...i 95 29 27 28 28 26 27 71: 70 70 SO 60 59 54 52 54 .......... 72 9 8 9 27 26 26 14 14 14 93 300 2 500 1 Houston Oil 200 . 700 300 90O 300 300 2700 800 20OOI 700 SlOOj Ills. Cent. Inspiration ...... Int. Agr. Corp., c,-. Interboro ........ do pfd. ...... Interstate Callahan. Int. Harr ,. Int. Merc. Marine. . do pfd. ... Int. Nk-kel ...... Int. "Palter ...... do . nfd- ...... 400 InTincible Oil 300 Island Oil ........ 40O Jewel Tea 700, K. C. Southern. . . i . . . .iK. . Sou. pfd....: 4 06Kelly-8pgnd. 1200'Kennecott ...... . - 1700jKeystone Tire. . . . 900 tck. Steel ...... 4 00 j Lehigh Valley. .... .... Lorillard ... . . -U A. Si. . . . 100MaiweIl Motor.... 200! do 1st pfd. . . . . . do 2d pfd. . . . . 2840O;MetI. Pet. ....... 200OMiamI . . . . , 4700Middle State Oil.. SOOjMtdrale Steel..... 100IM. K. T. ..... . " do pfa. ....... Moat. -Power . . .. 3500IMO. Pse. . ... 80001 do pfd. ....... 70Mont.-Ward .. ... . 600'M. St. P. at S. S. M. .. . . 'M. tc St. Li.. 600,'Ns- Bnamel ...... . , . . I Nat. Lead .i. . . . . lOOjNerada Con 4. . . . . zsoo sew Maren. . Norfolk A W.... Nor. Pae. Nora S. Steel. N. Y. ' Air Brake. X T. - Central:' .... Okla. Prod, ref . . . Ontario SilTerj . . Ontario & Wi. ... Otis Steel . . ... Pacifie Oil 1 ... Pac, Gas & Clec , Pan Am. Pet ..." do B . if(M . .'. , Penn. ......... Peo. Gas ....... Per Marquetta . . Phila. Co. ..... 800IPure Oil . , . .. 6900Pierce-Arrow i . . 1600Pieree Oil . . , i . . 800 3100 600 1500 "ioo "isoo 600 780O 1300 1200 1500 1500 200 16 '55 11 fia" " 12 1 123 a T4 6i 50T 28 18 26 64 2 If ii 51 89 31 6 3 4 80 e 10 46 13 SQ ii' a 8 23 35 18 9 33 47 J. . 113 19 10 22 17 85 18 ioj 42 ib' ' 16 1 . . 66' 2i 17 34 50 49 43 S3 48 17 80 25 17 81a 14 '55 11 16 56" 11 1 i22 9 60 '48 " 26 17 25 63 21 "iiV 49 88 31 6 3 "4 78 9 42 13 49 'io' 2 8 22 " 34 17 33 .S!!. 106 110 19 10 22 17 84 17 10 42 io" 15 91 65 66 1 a 17 33 50 46 41 32 47 16 29 26 16 8 1 55 11 18 11 57 5 , --22' 12 1 54 123 9 60 8 50 27 18 20 64 21 27 11 51 88 31 6 -8 9 4 78 9 42 13 50 90 11 3 8 23. 50 35 18 9 33 47 140 106 s 3 1 113 )9 10 - ' 2 - ' 4 4 8 17 85 18 62 10 42 71 10 16 91 68 20 55 66 1 3 17 9 83 50 48 43 32 48 17 29 25 17 8 Sales I MTOCK Open Bid Closed " 4000 Pitts Coal .......154 1 52l 53 800 Pitts A Wast V. . 25 84 25 ..... do pfd. ............1..... 72 600 P.' . C.:. ...... 65 64 64 800 Pullman . ........ 94 93 94 900 Ray Cons ...... . 12 12 12 27001Reading ...i,.,, 68 63 63 ..... Reptoglo. Steel .... ..... ...i. 18; 6100 Republic L 8... 43 42 43 do pfd. ....... . , . . ..... 75 lOORep. Motor ..... 12 12 12 2700 Royal Dutch Oil . 50 49 60 400 Ry Steel Spg. . ... 75 78 , 73 . S. O. Ind. ..... 62 9500 Sear Roebuck ... 68 65 67 ." Hhattuck, Aria. ... ...i. ..... 6 1000 Shell T. T..... 40 40 89 1500 Sinclair ......... 20 19 19 100 Slosf Sheffield . . 32 82 82 9100 Southern Pacific .. 70 69 69 400.Soutbera Ry. , . . . . 18 18 18 ..... do pfd. 42 600 St U A 8. F. . . . 20 20 20 200 Stromberg Carb. . 28 28 28 : 25300 Studebaker ...... 72 71 72 ... . . .Swift Co...... ..... ..... 80 100 Tenn. Cop. A Chem . .'. . 7 6300 Texas Oil ....... 82 82 82 500 Texas Pacific .'. . . 20 19 20 2100 Tex. Pac C. A O. 19 18 18 1 200 Tobacco Products .. 51 51 61 2400 Trans ContL Oil.. 8 .7 7 700 Cnion Oil of Uel. . 18 18 18 1800jUnion Pacific .... 114 118: 114 1500Cnited Alloy ..... 21 21 21 2800 United Food Prod. 16 15 15 8800 United Fruit ; . v . . 104 102 103 400 United lids. N.J. 8 7 7 400 do pfd. ..... 18 17 17 1 BOO United Retail Stores 52 61 52 8200 V. 8. Ind. Alcohol. 50 49 60 22400 U. S. Rubber..... 53 51 52 400 do pfd. ;. 92 81 91 .... . IT. S. Smelting.... ..... ..... 28 49600 V. S, Steel 71 70 71 800 do pfd. 106 105 105 . 9O0 Utah Copper .... 47 47 47 1300 Va. Chem. 24 23 1200 Vanadium Steel.,.. 27 27 26 ...... Viandou 6 500 Wabash ......... 7 7 7 1.100 do A , pfd ...... 19 19 19 100 do R pfd 13 1700 Wells Fargo 53 .....Western Pac. 23 .i... do pfd. . -a.. 60 200 W. U. D1 85 85 85 ..... Westinghousa' A. B. . , 89 ..... do E. A M . .". . 42 J 41 42 700 West Md 9 9 8 80OWhite Motors 30 29 29 3300 Willys-Overland ... 6 6 6 300 do pfd. , .. 27 27 27 . . . . . Wilson Packing .............. 40 . .4 . . Wis. Central . 29 Woolworth .....109 ..... Worthinaton Pump 40 500 W. A U E. 8 7 7 MEXCO TO SPEND Ex. Wt.' 1 anjja in stock. Foreign Bond Furnished by Orerbeck Board of Trade building: Market A -Cooke company, 5, 1921. 5. 1926. 6s. 1919. 5s, 1931 1917 ... 1920 . . . 1918 1922 ... 1927 ... 1929 ... 4s 4 s 5s. 5s. , 5s, 5s, 5s.! Tky Russian Russian Russian French French French Italian British British British British British ref. Belgium re.it. 5s Belgium irem. 5s German W. h. 5s Berlin 4s Hamburg 4s Hamburg 4 s . . Leipsig 4 s ... Leipzig '5s ..... Munich 4s ..... Munich 5s . . . . . .Frankfort 4 ... Japanese 4s Japanese 1st 4s Japanese 2d 4 s Pari lilM ..... U. K. 5 8, V. K. 5s, 0. K. 5S, U. K. 5S, , . . . 1921 1922 1929 1937 Bid. 13 '3 14 62 49 70 38 375 366 366 268 263 66 69 11 11 13 13- 13 14 13 14 13 S 84 84 99 99 97 87 83 ' Asked. 16 5 17 63 50 73 39 385 -37H 376 278 273 69 1 72 12 12 14 14 14 15 14 16 15 68 84i 84 99 99 97 87 83 'U(w York Bond Market Furnished by Orerbeck A Atchison Genl. 4s... Bal. & Ohio Gold 4s, Beth. Steel Ref. 5s, Cent. Pacific 1st 4s. C. B. A Q. Col. 4s, St. Paul GenL 4 t , Chicago N. W. GenL I.. A S.'Vni 4s New Tork Ry. 5s. . , Northern -Pae. P. I Reading GenL 4s. . Union Pac. 1st 4s.: V. S. Steei 5s. . Union Pac 1st Ref Southern Pac Conr. Southern Pac. Con. Penna. Conr. 4 Peuna. 1st 4 s. . . Ches. & Ohio ConT. Ore. Short Line 4s 4s. , 4s. . . ..4.1 . 1 . . 5s., 4s. . Vs! I! Cooke Bid. 74 64 78 70 9990 62 7-1 82 18 78 72 78 .94 72 89 77 80 75 79 79 Co. Ask. 74 65 81 70 9998 64 74 83 21 73 73 79 94 73 77 75 80 79 Liberty Bond Sales Reported by Orerbeck A Cooke Co. , High. Liberty. 3s 8810 Liberty, lit 4! . . . Liberty, 2d 4s Liberty, lit 4 .... . 8740 Liberty. 2d-4s 8678 Ijberty. 3di4 s ,. 9140 Liberty, 4th 4 s.... 8692 Victory 4 s 9840 Victory, 3 s 9838 Standard Oil Anglo . Horns Scrysmer . Buckeye . . . . . Cbeesebrough . . . do pfd. Continental Crescent . ...... Cumberland . ... Eureka ........ Galena,: c. . . . . Galena Old pfd . . . Galena New pfd... Illinois Pipe . . . , Indiana Pips . . . . National Transit . N. . Transit . . . . Northern Pipe ... . Ohio Oil International Pete. Penn. iln. . . . . . Prairie Oil - Prairie Pipe Solar Rrefg. ..... Southern Pipe . . . Southe Penn Oil . . S. W. Penn Oil ... S. O. Calif S. O. Ind S. O. Kansas S. O. Kentucky . . S. O. ' N. Y. S. O. Ohio do pfd. . Swan A Finch ... Vacuum Washington . . . . S. O. Nebraska . . . Imperial Oil ..... Iw. Close. 8740 8780 . . . . : 8780 8660 8734 - 8734 8672 8672 9120 9134 8684 8686 9836 9838 9836 9838 cks Closing Bid. , Asked. 15 15 350 375 71 73 145 155 96 100 100 104 26 28 105 120 76 80 32 35 88 92 88 92 150 155 69 71 22 23 115 125 86 90 238 243 12 13 20 25 390 400 160 165 840 360 7 5 80 ' 150 155 50 55 67 68 62 63 550 570 375 896 .' 300 305 330 35(1 109 110 25 35 240 250 28. 32 130 140 78 81 MONEY FOR FOODS Laredo, Texas, June 24. An nouncement has been received here that President Obregon of Mexico has authorized the expenditure of one' million pesos fdr American corn to relieve the shortage which "it is believed wilt result in Mexico from recent drouth. ' JEWELRY St Louis, June Zi. Retail jewelers report large sales of diamonds the last few r weeks. They explain that, these purchases were not. made for commence ment gifts or similar occasions, but rep resented a, ; normal- demand. Detroit, Juno 24. The Jewelry trade in this section of the country is holding up remarkably well. One chain of five stores reports business for May 67 per cent ahead of .May, 1919, although it fell somewhat below that; for May, 1920. Present rate of sales will place June ahead of May.' . - WOOL .Boston., June 24. Heavy, purchases not only of wool but of oil and other "consumable stores" have been, made in the last few days by one Of the largest woolen manufacturing companies in this section. This company has not been In the market previously for many months. Minneapolis, June 24. Bankers of Minneapolis and St. Paul have formed a loan pool to assist wool growers of Montana, it was announced today. An amount has been guaranteed to growers equal to the amount Boston wool buyers are willing to advance on the clip, so the wool men may hold their wool for better prices if they chpose. Loans will be for three and four months' . duration. STEEL' Cumberland, Md., June 24. Operations at the heavy , repair shop of tfte Balti more & Ohio railroad have ceased. 450 employes having been given a furlough. Sharon. Pa., June 24. The Bhanengo and Mahoning valleys have established a new low record in pig Iron production. There are now only six stacks out of 46 in the two valleys in operation. Pro duction is on a basis of 13 per cent of Yorkville, O.. June 24. The Yorkvllle hot mills of the Wheeling Steel Sc. Iron company closed today. The plant has been, working at capacity and employed about 2000 men. The company's wage agreement with its employes expires June 30. Scranton, Pa.. June 24. A strike of mine workers in' 10 collieries of the Pennsylvania, Coal company, in the Pittston district, went into effect today. The miners claim the company is not paying the wage scale ordered by the anthracite wage'' commission. : MOTIOJf PICTURES . New York. June 24. More than fifty million dollars has been lost by investors in America in the last year by fraudu lent motion picture companies or those conducted, by persons with no experience in the . film business, according to a statement today by the vigilance com mittee of the national association of the motion picture industry. V . . i COTTON ' " ' Galveston, .Texas, June 24. Bookings f"or- June and July are heavier than at any time since the war. CLOTHING Chicago, June ? 24. The decision of Arbitrator James Mullenbach in the controversy between cloth hat and cap manufacturers and employes. Just handed down, provides for a wage re duction of 10 per cent for cap workers. Operators earning , 835 or less, blockers and cutters earning 840 or less and lin ing makers or trimmers earning $23 or Jess will not be affected. 1 AUTOMOBILES ' Lansing, Mich., June 24. Increased demand following the price reduction in Chevrolet ' and other motor cars : has speeded up work in iocal factories. St. Paul. June 24. The demand for motor vehicles has shown decided im provement in the last week, due to reT cently announced price reductions. One agency, sold 32 cars i In two days, - while other makes were but little behind. - South Bend, Ind., June 24. The Stude baker company now lis producing at the rate of 90,000 cars a year and reports orders for 8000 on hand. The company has paid off bank loans of J 8,500,000 since January L. ' : v j V: r COBBAGE - ; L 'New Tork, June li. Cordage manu facturers are supplied with sufficient hemp to carry them for several months, they report. As . a consequence," the market for Manila hemp Is very quiet and offerings include no grades higher than 75 per cent ovr fair -current. No business in , Mexican' sisal is reported and prices are nominal. TEXTILES " New Orleans, June 24. Agents will the next few days to handle -the Germs n paper cloth prod ucts in America by the New Orleans syndicate which hts been r formed to market the wartime Large shipments are now ' on the way from Germany. substitutes of cloth. P. R. L.&P. C0.tG Pay Div Stock r ''I Physicians Hold Meeting Kalama, Wash., June 24. Physicians of Cowlitz county met . Thursday with Dr. L. S. Roach of Kalama. :.: , j s pawl 1 f I : M 17 M M ITT? PORTofNEHALEM (Tillamook County) . 5-year 6 General Obli gation Bonds at 97.89 to yield 6.50 AND NO INCOME TAX Dated July 1, 1921 Due July 1. 1926 Denomination $500 The total bonded debt on the 400,000 acres securing this issue is less than 6 of the assessed valuation. Call at once. , CliMUt KENDALL - CO, INC. Fifth and Stark Strt llUlwV BONDS w" The Portland Railway, company announces will pay a dividend series A of the The dividend January 1, 1916, to per cent rate the will be 3187,500. holders of record is on but 10 per stock of the The purpose of time is to place both stock at a parity, an equal amount 1917. first pay.ikig This June Light & Tower that on. July 1 it on the f 2,500,000 of preferred stock period is from prll 1. 1917. At the dividend distribution will go to stock 16. The dividend of the outstanding cent company, the dividend at this series of preferred fThe. second series of .as issued April -1, S. G. Sarg Situation! Up All Salem, June 24. tlon throughout the generally, according former Oregon state banks, now with the at , San Francisco, week with friends i Sargent declares the farmers. middle west who dend on on July 1 DRUG BUSINESS IS SHOWING A 011,1 Chicago, June 24. The drug busi ness is on the boom and' will ffo bet ter next year, according to ' Wil liam J. Clancy, president of .the Illi- noiee Pharmaceutical association to day. Thej association is holding its annual convention here. "The drug business Is good. In 'fact. It is booming and we expect it to con- ' tlnue to 'improve." Mr. Clancy stvid : "The drug store Is becoming the convenient store of the neighborhood." r 1 - But a word of warning was given by the president : ! ' ' "The law has practically forced us to handle liquors and we members of the association cannot afford to violate the law." he said. "But I strongly urge Our profession to move cautiously and -do nothing that will In any way" reflect on our profesHlons." ; ' ' -Yes, the drug business is good, all th delegates agreed. And when beer Is: on the menu alongside of whiskey well. It will be better. POREIGT. EXCHANGE BATES Corrected daily by the forritn txchanu da partment of the t'nited Statsi N'aUonal bank. (JuotaUona below, except tlia pound rterima, ara quoted on th baiia of 100 unit foraiiu currency. : ; . Opening nominal rate on bank transaction: dnt Is Easing Over Nation fill The financial situa- country'is easing up to G. Sargent, superintendent of federal reserve bank vho is spending the n Salem that the complaint of those of the the cause for pres- partidularly lay Draft IJabla - : I'ar London Checks. Transfer.. Value. I. tM. uteri inc.. t 8 7 Va t 3.T3V : M Paris Francs... 7.07 7.0H (9. OS Berlin Mark... 139 f l.Hll i ; rrO.OS- Oenoa Lir 4 7,4 Vi 4.73- tO 30- Athena it Drachmas..., 6.00 S.05 if 19.40 Coprniiacen . - s Kroner ...... 16.87 I 18.62 20.70 ChriMinU ' I - iV f Kroner 14.23 1 14.30 M 670 Stockholm . i V 3 Kroner 22.30 22.35 j .-J.... Honrtonf . I 1'urtrncy ... 40.70 40"!S it i,,,. Japan Yen ....47.75 4H.0O if f..., Slianghal Tel. 67.00 - 67.50 if J..', . ent 'depressed prices at the feet; of the federal reserve banks, is not Justified. The agricultural. Interests, Sargent ex plains, have received far greater., assist ance from , the reserve banks than has any other interest. Sargent, who is accompanied: by Mrs. Sargent, motored through , from San Francisco and will Teave the latter part of this week for Portland and other points In the twelfth federal reserve dis trict for an Inspection of banks. Stocks, Bonds, Cotton, Grain, Etc. 316-317 Board of Trade Building '. Overbeck&CookeCo. DIRECT PRIVATE WIRES TO ALL EXCHANGES , ( Members Calear Board of Trade CorrecposdCBU of Logas Bryas J Cklesgo Sew Irk ... . , . , . v , THIS INCOME TAX EXEMPT MUNICIPAL BOND IS A LEGAL INVESTMENT FOR SAVINGS BANKS lA Imp. Bond Idaho Falls This issue ofjfers an opportunity,' not only to individual investors, but to Oregon" Savings Banks as welljto secure a large yield, backed by solid securityH over a term of years. As Idaho Falls is the fourth larg est city of Idaho, and one of the wealthiest, we unreservedly rec ommends it to our customers! Under normal this bond w only. Sycfc conditions.; which are returning. ould sell at a price to yield Den. $100, $500, $1000 Due 1924-30 Pricel I to ' Yield 1 BROADWAY AND OAK 3 w le Offer and Recommend for Investment $68,000.00 Lewis County, Washington School District No. 3 6 Bonds tj , 1921 Duo Serially 1922-29 j Denominations $500 Dated Ju The di I ktrcf embraces the citv of Chehalis, the county seat -of liewis county, with a population ot over soou. This issue, constitutes its only bonded inaecreaness. ASSESSED valuation Bonded tjebt .2,320,870,00 68,000.00 3 PRICE : Par and accrued interest to yield 6. Exempt Fnom Federal Income Tax riVTlTifji Oldest in the Northwest WASHINGTON AT THIRD w Municipal and Provincial Bonds We offer for investment of your June and July funds a select list of f oreign and jometlc Konas yieiaing 6 to 8i Descriptive circulars upon request. WESTERN BOND & MORTGAGE CO. Ground Floor, Board of Trade Building. Main 1U POETLA5D, OKiCtiOJf , 1 Of KTH STB.EET