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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (July 8, 1921)
18 THE OREGON DAILY JOURNAL, PORTLAND, OREGON ntr a NORTHWEST BEST, SAYS BOND MAN it '4he Northwest is the best place in the United States," states C. H. Farrington, president of the Western Bond & Mortgage company, who has just returned from a business trip to the financial centers of the Bast. "Business conditions here are better than they sre -in any other section of the country. As for climate, no one can appreciate the paradise we sre liv ing in or be impressed with the virtues of Oregon until they have experienced a trip through the East at this time of the year. k COSMTIOKS IMPROVE "Conditions in the Eastern industrial centers have improved during the past 60 davs. Factories have increased their working time, but they are cautious to a degree of safety in regard to 'he vol ume of stock that accumulates. 'reps throughout the country are exceptionally good. It is believed that after harvest conditions in general will improve materially." While in Chicago Farrington conferred with J. R. Washburn, president of the Continental & Commercial National bank of Chicago, a member of the West ern executive committee which formu lated the plans for the $50,000,000 pool to give financial relief to the sheep and stock men of the West. REQUIREMENTS NOT SEVERE The executive committee of the pool and the federal reserve board are now in session at Washington. "While the fed eral reserve board has not yet agreed that 'the certificates issued by the pool will be eligible for rediscount," stated Farrington, "it is Washburn's opinion that the board will approve the rea:s counting of the certificates and thnt the pool will be in working order by July 15. "The requirements in this case v ill not be severe as in the former pool. The machinery will be so arranged and red tape will be so eliminated that advances will be made quickly on meritorious e'e mantis." Twelve Companies File Incorporation Papers at Qlympia Oiympia, Wash., July 8. Twelve now companies filed articles of incorporation with J. Grant H inkle, secretary of state, Wednesday as follows: John P. Jones & Co. of Seattle, real estate; capital stock, $10,000; incorpo rators, John P. Jones, Mary V. Jones and Eleanor J. Gravea Franklin County Fair association of Connell; capital stock. $10,000 ; trustees, George Dilling, Louis Lindner. J. B. Helmick, C. D. Miller and Logan L Long. Kinema Theatres of Washington of Seattle; capital stock. $100,000; trus tees. Carl Learn ale, R. H. Cochrane, Abe Stern, E. H. Goldstein and Vivian H Carkeek. Madrona Pharmacy of Seattle ; capital stock,: $5000 ; incorporators, F. T. and H. A. Jamjeson. C. 8. Kale Canning company of Ever son ; capital stock, $50,000 ; incorpo rators, Albert A. Kale, E S. Kale and B. E. Stratton. The Peoples Hospital of Spokane ; capital stock, $400,000; trustees, Dra H. D. Cox, Paul Burgund, F. W. Bosarth, M. S. Fort, C. Hale Kimble, George Miller and George B. Hampton. Washington Growers' Warehousing corporation of Spokane; capital stock, $6000 ; incorporators, R. V. Perringer, W J. Robinson. H. Jureenson, H. E Goldworthy and Oscar W. Collins. F. D. Wilde Investment company or Seattle; capital stock, $75,000; incorpo rators. F. D. Wilde and Ivan' L Hyland. Red Top Mountain Mining & Milling company of Colville ; capital stock, $100,000; incorporators, Carl Flugel. J. H. Collins and I. J. LasswelL Depue, Morgan & Co. of Seattle, manufacturing and selling all kinds of mechanical appliances : capital stock, $10,000; incorporators. Rose E. Morgan, Earl S. Depue and Calvin F. Todd. Walla Walla Vinegar Pickle com pany of Blalock; capital stock, $25,000; incorporators, L. Haaram, F. Brandes and J. W. Gilmore. Specialty Lumber company of Seattle ; capital stock, $3000; H P. Dimond. president, and R. W. Huntoon, secretary. DEPARTMENT OF LABOR REPORT SHOWS BUSINESS MEN OPTIMISTIC Patients Disappear As 'Whiskey' Turns Out to Be Only Tea San Francisco, July 8. The Letter man . military hospital has been receiv ing a great influx of ailing soldiers for the. past week, largely, it is said, in anticipation of the arrival of a consign ment of $25,000 worth of whiskey which bas been ordered turned over to the hospital by the prohibition enforcement authorities. The whiskey had been seised in raids, the owners had been either fined for bootlegging or sent to Jail. It was all supposed to be bonded stuff. The "likker" was taken to the hospital in a truck yesterday afternoon and at tendants uncorked a number of bottles of it and began to administer it to the patients. One sip out of a teaspoon soon (i convinced large numbers of soldiers that the Letterman hospital wasn't all that . it was cracked up to be and a large num ber of exceptionally quick recoveries were reported. The "whiskey" turned out to be noth ing more than tea, Whether the bootleggers were convict ed for selling the beverage that made Sir Thomas Lipton famous, or whether someone with access to the store rooms of the prohibition enforcement authori ties removed the contents of the bottles and left the substitutes, has not yet been determined. Prohibition Director Exnicios, how ever, proposes to find out, and predicts that the result will be a shake-up that "someone" will remember for a long time. Standard Oil Stocks Furnished by Orerbeck Cooke Co., of Trade building: Board BETTER CONDITION EXPECTED IN FALL By H. K. Reynolds International Men aerrioe Staff Correspondent Washington. July 8. (I. N. S. ) Manufacturers In the United States, in the face of protracted industrial depression and the mounting tide of unemployment, are optimistic, and while they recognize the probability of a dull summer in most lines, there is a tendency to expect improvement by fall and a healthy business re vival in the spring of 1922, according to reports from 65 industrial cen ters compiled and made public today by the department of labor. The reports indicate that the usual summer business slump bas offset some of the improvement which was evident in May and that retail sales show that the public is still waiting for lower prices. The fundamental causes of the pres ent business depression, of which unem ployment is one of the most alarming phases, are cited by the United States employment service of the department of labor as follows : Unsatisfactory conditions of transpor tation with freight rates in many in stances considered almost prohibitive. Lack of a normal foreign market. Present low value of farm products. Stagnation in iron and steel. High costs of construction. General dullness of the retail trade. Early wheat harvest in the grain states of the Middle West has relieved unemployment somewhat, but manufac turing, it is reported, has decreased in the mining states On the Pacific coast drastic price cut ting has been used to stimulate buying and declining construction costs have accelerated home building, although the department states that an "almost nation-wide housing shortage still persists." Anglo Borne Scysmer ......... Buckeye Cbeeaebroagh do pfd. Continental I C 1 1' scent ......... Cumberland ' Eureka Galena com , do Old pfd SO do New pfd. . Illinois Pipe Indiana. Pipe ' National Transit N. T. Transit Northern Pipe ........ Ohio Oil Inter! Pete Perm. Max. Prairie OU Prairie Pipe Solar Reft Southern Pipe ........ South Penn Oil S. W. Penn. Oil 8. O. Ind. 8. O. Kansas S. O. Kentucky 8. O. N. T 8. O. Ohio do pfd. . Swan a Finch Vacuum Wixhtaston 8. O. Nebraska Imperial Oil Closing Bid. Ask. lfl 16 340 360 T7 80 160 170 06 99 105 110 27 28 115 130 82 85 81 34 90 95 88 92 150 155 73 75 28 H 24 135 140 87 92 247 252 12 12 20 25 413 425 187 183 334 350 82 . J5 170 173 60 65 63 7 530 530 375 390 306 310 345 350 109 111 . 25 30 , 260 270 28 32 . 145 153 80 85 PRESSURE FORCES STOCK DECLINES New Tork, July (L N. a) The stock market closed unsettled today. Pronounced weakness was shown in the market In the late dealings, when nearly all the leading issues broke to new low levels for the day. Mexican Petroleum was' offered in large blocks and fell to 93 H. compared with its forenoon high of 99H- U. & Rubber dropped to U, a loss of five points for the day, and General As phalt fell lover five points to 47.. U. & Steel broke from 79 to 73. and Baldwin yielded nearly three points to 74. The railroad shares receded about one point. Studebaker broke over three points to 78. Government bonds unchanged ; rail way and other bonds Irregular. Total sales. 640,400 shares; bonds. $10,87,000. 8TXR g do B' Peoples Gas Pnflwletphia Co. . . Pu re Oil ePieFP-Arrow . . . . . Pierce Oil Pitta. Coal Pitta a West Vs. do pfd. Steel Car. Church Closes Temporarily Vancouver, Wash, July 8. St. Lukes Episcopal church will be closed until the first Sunday in August, when Rev. Mr. Powell of Salem. Or., who has ac cepted the pulpit here, will be in charge. FOREIGN EXCHANGE RATES Corrected daily by the foreign exchange de- nrtment of the United States National hank. Quotations below (except the pound sterling) are quoted on the basis of 100 units foreign cur rency. Opening nominal rates on back trasactions: Age and Youth of Both Sexes Crowd Royston Hearing Salem, July 8. Girls yet in their teens and women with hair liberally sprinkled with gray, mingled with boys and men of all ages, racking the tiny office room used by Justice of the Peace Unruh as a courtroom Thursday afternoon when the Rev. Fred Royston appeared to enter his plea to the charge of white slavery for his escapade with 18-year-old Frankie Edwards, which took the pair into the State of Washington last week. The curious crowd was cheated out of anything smacking of the sensational, as the former -'nister merely waived pre liminary hearing and was bound over to the grand jury, which convened today. Foreign Boad Market Furnished by Orerbeck & Cooke of Trade bids.: Russian 5s 1921. . . Russian 5s 1926. Russian 6s 1919. French 5s 1931...., French 5s 1920 Italian 5s 1918 British 5s 1922. British 5s 1927. British 5s 1929 British rky 4s British ref. 4s Belgium rest 5s Belgium prem. 5s ... . German . I 5s... Berlin 4s ......... Hamburg 4s ...... Hr.mbnrg 4 s. ..... Leipsig 4s Lripsig 5s Munic 4s Munch is . Frankfort 4s Jap. 4s Jap 1st 4 a Jap 2d 4s...... Paris sixes ....... TJ. K. 5s 1921 I K. 5s 1922 TJ. K 5s 1929... C. K 5s 1937.. Co., Board Bid. Ask. 12 15 3 5 13 . 16 60 61 68 69 36 37 374 384 368 378 360 370 281 291 262 72 65 i 69 73 10 11 11 12 11 IS 12 13 11 13 13 15 12 14 12 14 12 14 69 70 84 85 84 85 99 99 99 99 97 97 88 89 85 85 Eugene Grocery Purchased Eugene, July 18. J. W. Haines, late of Pullman, Wash., has purchased the A Llndberg grocery. The Springfield Mill & Gram com pany, which recently consolidated with the Springfield Warehouse company- has received several new machines to be installed in its feed mill. Draft Checks. $ 3.70 7.97 1.33 4.80 London Lbe. sterling. Paris Francs. Berlin Marks. Genoa Lire . . Athena Drachmas. . . . 5.65 Copenhagen Kroner !. Christ isnia Kroner 14.03 Stockholm Kroner 21. 70 Hongkong- Currency 4. so Japan Yen 47.90 anangnai raeis. e i oo Cable Transfers. 3.71 7.98 1.33 4.81 5.70 16.65 14.08 21.75 50.20 48.05 67.90 Par Value 8 4.86 19.03 19.03 19.80 19 40 20.70 28.70 SHORT TERM furnished by Quotations Co., Inc. Security Maturity. Am. Cot. Oil 6s.... 9-2-24 Am. T. a T. 6s 10-1-22 Am. T. a T. 6s 2-1,24 Am Thread 6s 12-1-24 Am. Tob. 7s 11-1-21 Am. Tob. 7s 11-1-22 Am. Tob. 7s 11-1-28 Anglo-Am. Oil 7s.. 4-1-25 Armour Conr. 7s. .. .7-15-30 Belgian (Jot. 7s 6-1-45 Belgian Got. 6a 1-1-25 Betnlm Steel 7 7-15-22 Bethl'm Steel 7s 7-15-23 British Got. 5 s ... 1 1-1-21 British Got. 5s 11 1-22 Canadian Lot. 6s.. 8-1-21 Canadian Got. 5s.. 9-1-29 Cudahy Packing 7a.. 7-15-23 KOTES Clark, Kendall Inter. R. T. 7s Jap. Got. 4 a. .. Kennecott Cop. 7s.. Moline Plow 7s. . . Moline Plow 7a. . . Molina Plow 7a. . . Moline Plow 7s. . . Nor Pae. Eqp. 7s. Pacific Gas 7s. . . . Swift 6s U. S. Rubber 7s. . 91-21 .7-10-25 . 2-1-30 . 0-1-21 . . 9-1-22 . . 9-1-23 . . 9 1 24 , .8-15-22 , . 5-1-25 .8"-15-23 .12-1 23 Bid. 88 97 85 84 99 99 99 98 94 99 4 02 99 95 99 97 99 91 99 76 84 90 98 94 92 90 92 93 99 95 Asked. 89 98 86 8 100 100 99 99 95 99 93 99 96 97 9B 97 100 79 85 91 06 99 96 PACIFIC COAST BANK STATEMENT Clearings. Monday Tuesday ... Wednesday. . Thursday Friday This Week. . . Holiday. . .95.021.892.28 4.228.768.91 4.480.861.35 4.151.597.15 tpokarvs Banks Clearings Friday Balances Friday 1 Clearings Friday Friday Tear Ago. Holiday. $7,331,775 96 6.788.371 28 5.873.539 52 3.881.789.06 1,406.114.00 406.157.00 514.568.00 60,653.00 Tillamook County Beaches Delightful for Rest, Recreation and Amusement Through the Forests of the Coast Range Mountains Are These New and Unspoiled Places Where Ocean and Forest Meet Round Trip Season Fare $6.00 . On Sale Daily Good for the Season Round Trip Week End Fare $4.50 On Sale Friday, Saturday and Sunday Good Until Following Monday Add 8 ror War Tax " Reduced fares shoroabove apply to Manhattan Beach Lake Lytle Rocka way Saltair Oceanlake Barview Slightly Higher Fares to Neah-Kah-Nie Bayocean Manzanita Classic Ridge Train Service DAILY TRAIN leaves Union Station. 8.15AM. ; East Morrison street. 8:23 A M. Electric train leaving Fourth street, at Stark. 1 :40 A. L connects at Hillsboro. SATTJBJDAT-STJITDAT TSAI9 leaves Union Station 12:46 P. M. Satur day. East Morrison street. 12:63 P. M. Electric train searing Fourth street, at Stark. 1 US P. it, connects at Hillsboro. "OBJKGOX OUTDOORS- is the title of our new summer booklet which describes the different resorts in Western Oregon, and includes hotel and camp information. Copy tree on request. For Farther Particulars Inquire of Agents Southern Pacific Lines Friday 8 4.827.795.00 Friday 025.980.00 ants Clearings Balances Clearing Friday 822.200.000.00 Los snottes Bant. Clearing Friday 814.880.814.00 K(W Tork Bond Market Furnished by OTerbeea; a Cook company, Board of Trade b 4s.. Atchison Genl. 4s BaL A Ohio Gold 4s. Beth. Steel Ref. 5s. . . Cent Pacific 1st 4s. . St. Paul Genl. 4Vs. Chicago N. W. Genl. U N. Cat 4s New Tork By. Sa Northern Pae. P. I 4a. Reading Genl. 4a I'nion Pac let 4a V. 8. Steel lis Uaica Pae. 1st Ref. 8s. . Southern Pac Cost. Be. Southern Pae. Conr. 4s Penna. Coot. 4 lata ... Penna. 1st 4 Ha Cl.es. a Ohio Conr. 5s. Ore. Short Line 4a . New York. July 8. I. K. SO The stock market was weak in the early trading this morning. U. S. Rubber broke 4 points to 49 on the passing of the dividend on the common stock. Mex ican Petroleum declined 1 to 98. Sin clair Oil declined to 21 Pierce Arrow declined V to 19, Reading lost V to 88, General Asphalt moved up to 52, American Woolen declined to 88, American Sugar Refining yielded to S7V4. Bethlehem Steel B declined H to 48 and Baldwin rose to T5. Losses were sustained in some of the other issues, but the initial declines were followed by good advances. U. S. Steel Indicated the general market tendency, opening down to 744 and then mov ing up to 75. Studebaker yielded to 78 and then advanced to 81. Rail road stocks moved in the same way, de clines in the first few minutes being fol lowed by advances. At the end of the first 15 minutes the market was active and strong and a vigorous upward move ment was in progress After the rallies noted during the first IS minutes the market was again subjected to pressure and a number of Issues were forced down to the low est records touched this year. American Sugar yielded 4 points to 84 Sad International Harvester yielded point? to 76. U. & Rubber dropped to 48. Mexican Petroleum, after rallying to 99, reacted to 97. The steel industrials sold off from the highest levels. Furnished by Orerbeck of Trade building: Ray Coma. Reading Repiogle Steel Republic Lag do pfd. Rep. Motors Royal Dutch Oil By. Steel Spring Saxon Motors Sears-Roebuck Shattuck. Arts. 8bell T. a T Sinclair Standard Oil Ind Sloea Shef Sou. Pacific Sou. By do pfd. . . : St U A 3. V Strr.mberg Cars Studebaker Swift a Co. Tenn. Cop. a Chess. . . Texas OU Texas Pacific ....... Texaa Pacific C A O . Tob. Produeta T ran. Cuotl Oil , Union Oil Dei. Union Pacific United Alloy tinted Drug United Food Prod. United Fruit United Retail Store. . , U . A Ind. Alcohol . . . U S. Rub do 1st pfd TJ. 8. Smelting C. S. Steel da pfd. Utah Copper Va (hem Vanadium Steel ..... Virandou Wabash do A pfd do B pfd Walls- Kargo Western Pac Western Union ..... Westinghoase. K. A M . West Md. White Motors Willys-OTerland do pfd. Wisconsin Central . . . Woolworth Worthington Pump Wm. MOVING PICTURES 21 4 19 86 71 iU 18 48 ii' " ss 81 41 20 H 88 7 21 46 24 84 81 1 84 22 19 5 l!k 120 84 106 34 53 50 75 26 19 T 55 70 92 12 67 18 47 18' 85 81 41 19 98 78 20 46 w WW W IS 8 26 1 7 55 27 75 70 4 12 7 18 47 81 18 55 81 S 64 6 41 19 65 88 78 20 46 29 29 88 78 '7 33 22 18 32 7 19 119 81 101 52 51 48 78 49 ' ' 90 7 8 22 26 6 V. 44 99 7 T 8 21 23 76 44 82 7 36 78 90 " T 89 18 7 19 119 24 89 17 102 32 51 48 98 29 73 109 48 87 28 6 7 22 14 88 5 88 44 10 82 . T 81 29 11Z 42 Total sales, stocks. 640. OW0 aharas; bond. 1 10.876.000. a Cook Co., Board STOCK HIGH I LOW RTTT Agr. Cheax 37 ! 37 T37 Ajex Bobber 21 "2 20 Allied I' hem. 99 88 89 AUia-Chalmera 82 81 81 do pfd 71 Am. Beat Sugar 27 27 26 Am. Bosch .' 84 Am. Can Co 27 26 2S do pfd. 76 Am. Car A Fdy 128 128 124 do pfd. 106 Aga. Cot. OU 17 16 16 do pfd. 96 Am. Drug Bynd 4 4 4 Am. Hide a .Leather 10 do pfd. 51 60 49 Am. Ice 52 Am. InU Corp 84 88 84 Am 1 insaad 27 25 25 do pfd. 68 60 61 Am. Loco. 91 80 80 do pfd. 108 Am. Saf. Baxor 4 4 4 Asa. Ship a Com 7 7 7 Asa. Smelter 38 do pfd. 70 Am. Steal Fdy 26 25 25 Asa. Sugar 68 64 64 do pM 88 87 87 Am. Sumatra 59 80 51 Asa. Tel. ft Tel 108 102102 Am. Tobacco 120 116116 do B 1L8 116 116 Am. Wool 70 67 67 do pfd. 94 Am. Zinc 9 Anaconda 98 98 98 Atchison 82 81 81 do pfd. 77 77 76 At. Golf a W. L 27 28 24 Baldwin Loco 76 78 78 do pfd. 87 Baltimore a Ohio 39 87 38 Beth Steel 8 90 do B .. 49 87 .49 Butte I' A 7. 4 4 4 Butte A Superior 12 Calif. Packing 57 CaL Pet 38 36 86 do pfd. 71 Canadian Pacific 112 110 110 Central Leather 84 84 84 Cerro de Paaco 27 26 23 Chandler Motor 58 50 50 Chicago a Northwestern. . 65 04 64 Chicago GC Wastes 7 7 7 do pfd. 38 38 39 Chile Copper 10 10 10 CMno . 28 28 23 C. 11. 4 St r 27 26 26 do pfd. 41 39 39 Coca Cola 80 28 28 O. a 0 66 53 53 MERCHANTS CATER TO THE CONSUMER Bid. Ask. 76 76 ST 61 SO 81 72 72 64 65 78 73 76 81 18 19 75 78 70 71 79 80 94 95 74 74 84 89 T7 78 84 76 T7 80 81 79 80 Liberty Bond Sale Reported hy Orerbeck a Cooke company: Open. High. Clone Liberty. 8s 8668 8640 Liberty. 1st 4s Liberty. 2d 4s Liberty. 1st 4s 8T4X 8710 Liberty. 2d 4 a 9722 8700 Liberty. 3d 4 a ivo wwv Liberty 4th 4a 8T94 9T04 Victory; 4s 9886 9880 Victory, 3s 9886 9889 8840 8714 8092 8720 8T08 9696 9T13 9889 9884 Colo. f. a L ... Colorado Southern Columbia Graph. . Cons. Gas Coos. Cigars .... ContL Can ConU. Candy .... Corn Products . . . do pfd. Coadea OU C. R L a P. .... do "A" pfd. . . . do "B pfd. . . . Crucible do pfd. Cuba Cane do pfd. Cuban Ann Sugar Del. a Hudson . . D. a R. G do pfd. Endioott Johnson . Erie do 1st pfd. ... do 2d pfd. . . . Famous Players . . tm Tires Gaston Wma. .... Oasv. Cigars Gen. Elec ...... Gen. Motor Gen. Mot 6 . . . Geo. Asphalt Goodrich ... Goodyear Great Nor. Ore. . . do pfd. ...... Gssssm t ananea . Gulf S. Steal .... Hask Barker Houston OU Hup. Motor His. Cent. Inspiration bit. AST. Corp., e. do pfd. Intertjoro . Interrtxte Callahan Int. Hare. 1st. Marc. Maria. do pfd. hit. Nickel Int. Paper do pfd. Inrincible Oil ... Oil C. do pfd. little Girl Killed by Auto in Castle Bock Castle Rock. Wash, July 8. Aridine. 8-yeax-old daughter est Preston Moore, was by an automobile set in the city tj H. E ran A WW L .. - - was fin f-r st ah naw i hxror when the tittle gtri was aanrock by the aiar that front five miles in front of it. and throwrn She Hved Wit Kelly-Springfteld Kennecott ............, Keystone Tire I arks wanna Steal Lehigh Valley . . . LorUUrda LAM Max. Pat, Miami Middle States Oil By J. N. Finning Special Correspondent of The Journal St. Louis. July 8. Keen competi tion and methods Intended to stim ulate buying are the striking feat ures of business in this district. Manufacturers who see a chance to keep their forces intact or partly in tact, show disposition to make spe cial contracts and cities are compet ing with each other for business. Jobbers also are offering induce ments through special sales and re tail merchants are catering to con Burners. . Consumers are buying only what they need, and manufacturing, jobbing and retail trade are conducted in accord with this demand. Farmers believe that if prices and demand for crops are satis factory in the autumn and conditions seem favorable, improvement will be comparatively rapid. Manufacturers, however, are less optimistic Production of shoes is reported to equal that of a year ago. Offerings by manufacturers Indicate price reductions from present bases of 20 per cent for au tumn delivery, with assurance of better goods. Clothing prices quoted for au tumn are just about present levels Stag nation continues in iron and steel, and there is really no change in the non-fer rous metal situation. CLOSE IN SOOTH By Ralph Smith Special Coriaapoodent of The Joans Atlanta. Ga. July 8. While there have been few pronounced changes in business conditions in the South east recently, there is apparent a continued improvement In the atti tude to the public generally -toward existing conditions. As a whole, the retail business of the district is bet ter than it was a month ago and the decrease from the high records of sales of 1920 is less marked. The federal reserve bank notes that economy is being practiced on all sides and is declared an encouraging symptom. Except in groceries, the wholesale trade has been smaller than in April of thla year or in the corresponding period of 1920. Atlanta. New Orleans, Meridian. Vicksburg and Alexandria, La., were cities which shared an Increase of whole sale grocery business. Atlanta has been the only city in this section to show an increase in wholesale drygoods trade. The moving picture industry has saf- rered throughout the South. Few the atres are making expenses and in small er towns scores of picture houses have been closed. a New Price Schedule And Wage Reduction Made by Steel Firm Pittsburg. July 8. (I. N. &) The Re public Iron A Steel company, one of the large independents, today put in force a new price schedule that matches the reduction announced by 'the Bethlehem Steel company the first of the week. It was unofficially reported in steel circles here today that the independents of the Pittsburg district will make fur ther price reductions in steel quota tions and labor wages in a few days. None of the steel makers would announce just what the reductions would be but they will not be as great as those adopted by the Bethlehem Steel com pany on July 4. It was reported. It was generally accepted that the United States Steel corporation would soon announce a cut in prices and wages to meet the competition of the big and little independents, but thera is no official statement to be obtained here. Such announcement will come of ficially from New York. . Three Concerns Are Incorporated Salem. Jury 8. The Columbia Tire cor poration of Portland, capitalised st 88, -900.000, filed articles of InoorporaUon with the state corporation department hare Thursday. The incorporators are R. A Wursburg. K. C. Mohrhardt and L Lyman. Artaakas -nee saws filed aa fan: OBI Aato BMCrra Berries eoaapany. Portland. 810.000; W. A. Gffl. Lea H. GUI and W. W. Banks. Astoria Snapping r senna ay. Astoria. S19.00O; C. K. Wast, R r. Steae and O. R Swisses. Permit te assents la Orea-oa was (ranted to the associated Pint National Ptrtaraa, lac. a Pali ware corpora Ooa W. D. Slaaon of is BIRTHS ' Mrs. P. C AHrfee Jr.. R L Lowell. 04 lUVtsTH TST17 S3 E. Dwkaaa. Jaly 1. a LOWELL Te Mr snO Mrs. K. SOta. Jane 27. a ana. SfTRVRNS To Mr and Mrs. P. K- , 81 R SRta, Jaxw 84). a ana. NKWCOMB To Mr. and Mra. P. M. Nswtjsaab, 'U Ye.n bid;.. Jane t'9. a JKN8JCN Te Mr. and Mrs. N. R Je at 894. Jane 28. a daughter. PRARSOM To Mr. snd Mrs. 1. O. Paarwas, P. livestock F.Tcharure Co. Formed Lewistcn. Idaho, July 8. The North west Livestock Exchange company has been organised here for the purpose of assisting stockmen in the Northwest m selling stock and making exchanges be tween stockmen who are in search of new blood for their herds Farmers Ship Wool to Market Philadelphia, July 8. The arrival here of large quantities Of wool from the Middle West is takes as an indic.tlcn that farmers in that section finally have decided to market Jtelr 1320 holdings after holding them for higher pn-?s which they failed to reAlIse. This is taken as a healthy indication as the shipments will m'y needed funds for handling current cronst Sr.t. P. See 68th. July 4. a da htlt. RLANCRAKO To Mr. and Mrs. J. ara. ss K. sxd. Jaae 25. a 8COTT Te Me. sad Mrs. R ssacsncaa .. J st. a aae ROOM1SSSEN To Mr. sad Mrs. i.x,nilr,. t.,.mnr. July o, a so RKy.KNS -Tn Mr. and Mra. Was. R . 18 R 71st. Jary 1. a son. ARDRKT To Mr. and Mrs. H. It. Ardrey. Linn. JnlT 9 . .., OROt RKK To Mr. and Mra. H. C O Roars!. e. 11th. June 29. a son. IMSTo Mr. snd Mra. C V. Sisaa. 490 SOth. Jnty 3, a son. KAMMKRER To Mr. awl Mrs. si si. lees Mamas. J air i m BOTH ROCK To Mr. and Mrs. M. 1. RoqV roefc. 619 Orerton. June 26. a ana. TTrrORTJ To Mr. and Mrs. J. L TttffosR. 71 OS 5 Ma see . July 6. a ana. T SKOVBO To Mr. and Mrv J. Skorbo, BtnaR ura, vst.. -JUTMT m son. DEATHS MOORE Mary Sasan Moore. 241 R 7911. Jury a, u yeears; ai i asanas! 0"COXOR Frank J O'Connwr. 791 Cteck ansae. Jnty 5, 42 years; rardio renal rliaraea DRMTOLL John J. PrinroU. 565 lrting. JS , a. 46 years: angina pertooa. HKKN Anton Heen. St Vincents hospital. Jail 4, 60 years; uiberrmkieav HACELwAND ffaroarae Haaetand, kluaaonsah honpttal. JnK 6. 6 yr : hnrfc following bnrna. FAIRPOWL Howard M. Fairfowl. 684 GbasB. Jury 2, 36 yean ; anaemia. BRACET George Win. BrarOy. SOT R 6th, Jab 6. Tl yearn; nvynrarditis. M AGI'IRK Dr. Prances L Maguire. O-wd Sa maritan hospital. Jnty 8, 67 yrs. ; pyelitis. ST V 55 H 1 66 M. 21 82 04 it 58 8 24 H 18Vi 97 H 1 50 18 56 12 129 11 59 90 si" ' 69 V, 85 54 1214 84 ' 4JH 11 127 11 47 30 so" ' 68 55 61 11 88 4 SO 48 14 84 2 26 88 19 12 141 115 U 21 11 24 kBdrale Steal v M R a T. .- do pfd. Meat, Power Mont. Ward 11 17 Mkssoari Pac 21 19 do pfd. 89 88 M. 8R P. st tf R M. aaC. Ont St f iPflsal - w -. Rati Til m 1 1 46 44 NatT Lead 46 44 Raw Haws. is 'il !4jrf8k R W. L Nor. Pae. 14 11 N. T. Air Brako K T. Central 10 09 Okkv Prod, saf 1 1 Ontario A Wast 11 11 Ocas Steal 10 10 Pscxfss Gas ISac Paexfle OR v. . . 85 94 5 86 S 55 4 27 81 64" 06 8 22 12 R 96 1 57 13 4 79 47 K 13 61 ii 2 28 80 19 10 39 BUILDING PERMITS Mr. and Mra. T. L Smith tract reside nr 701 Cast Pine at,, hate ten 20th and 31st; builder Pacific Bate. Co.. 93000. Elisabeth Marsh Erect residence 801 awa.. batnaaa Beech aad railing eta. ; J. H. Meyer. 81500 H. K. Kamihanas Bract tiiHiiili 820 East 20th st. be fee a Clay aad Market sta; builder. A C Schow, 35600. T. W. Reus Bract residence 631 R 8th at., between Brasre and Knott stex builder eases as owner. 82800. R R Walker Enact residence. Saluuaaa mad between WiUbridge and St. Helens road; builder same aa owner, 91084). L R TrulUncer rBect residence 8909 624 st. between 99th sad 40th sea.; builder gasaa as owner, 86000. Portland Trust Co. Erect miliar i 979 R 29th sc. between Going and VVygaot sea. ; builder B. P. Pood. 82300. Mrs. George Prankhn Erect residence. 1089 East 21st St.. between Banner and Emerson, builder Frederick G. Elder. 99250. L. A. Caster Erect residence, 735 Marguer ite eve., kitwien Prances and Powell Valley; ball ear O. A. Custer. 61800. Pioneer Baal Batata Co. Bract dock. 80 Freak between Baiwadrtaj aad Deris ate.; builders. La land Land Co.. Frank Da rid. 31000. Anna Pnxkks Repair rawed inns 574 TUlamook kilaam 18th and 14th ate.; builder D. Garten Mfg. Co.. 81200. AMERICAN ROLLING MILLS ANNOUNCE NEW SCHEDULES Middletown. Ohio. July 8. 'I. N. a) Officials of the American Rolling Mill company, operating large Independent steel and Iron mills here, snd st Zanes vllle, today announced new price sched ules on products manufactured by them in line with reductions already an nounced by the Bethlehem Steel cor poration, the Republic Iron A Steel and Berger Manufacturing company at Canton. Wtsi statistics MARRIAGE LICENSES Tony Lodonci, 24 . 6904 Ksghty-fourth street sauthaaat. and Josephine Aaparer, 11. 6804 Eighty fourth street southeast. Henry Krukia. 21. 390 Twelfth street, aad agnea T. xncsnpaon. 1, Z8S Bast Sixth north. Wilbor V. Hoag. 29. Spokana, Edyth Cnxtehfleld. 10. Portlandk Alexander MrDougaH Gladwin, legal. 408 Fourth street, aad Margaret Morrie, legal. 241 Fourteenth street. Robert L. Hitter. Meal. Wearer aparteeewta, aad Lillian S. Brown, legal. Meredith apart mrnta WEDDING W. G. SMITH A CO. AXD VISITING CARD ENGRAVERS 811 148 114 99 31 11 29 21 37 4 86 53 43 68 94 27 31 73 63 56 73 8 22 12 96 1 57 19 19 19 50 11 1 56 127 11 00 48 29 V 9 26 US 21 R 90 54 51 11 91 99 3? 8 4 74 11 47 13 51 90 11 2 29 60 88 19 10 99 81 148 114 99 81 11 28 2 9 49 17 19 87 67 II 44 ii 17 96 11 86 69 1 17 W Government Loans Five Millions to Cotton Association Washington. July 8. (I. N. S.) A loan of $5,000,000 to enable the exporta tion of 225,000 bales of cotton from the United States to Europe has been ap proved by the war finance corporation. Eugene Meyer, director of the corpora tion, announced Thursday afternoon. The loan is for one year st 7 per cent interest and is made to the Staple Cot ton Cooperative association of Memphis, Tenn. The association is said to have a mem bership of more than a thousand cotton growers. Quietness Sign of Keturn to Normal New York. July 8. The seasonal quiet which prevails 1 many lines of the dry- goods trade is a favorable sign of the return to normal conditions rather than an indication of depression, according to one factor prominent in the industry today. "Business men are prone to forget." he said, "that jn the normal years before the war we had periods of dullness be tween seasons. The operations during and since the war lost their seasonal character and unless orders were coming In all the time, questions ss to cause were asked. It now looks as though the season were back and seasonal dullness should not be regarded ss evidence of lost demand. It should be regarded as a very good sign of normal times.' Aa ore deposit discovered in Sweden ts about 90 per cent pure copper. Fortified by Plant Revenues and Taxes; Backed by Diversified Industries 6, Income Tax Exempt, General Obligation Bonds City of Bindon, Ore. Due 192641 Den. $500, $1000 8 1 1 We offer our psrticipAtion $2 5.000.000 i j 1 Canadian National i S 1 ! nauways I 25-Yx 64 (Non-Call- able ) Gold Bonds jl 94U9 sad Interest Ix. I lata evva The Dominion of Cajaada . I unconditionally guarantees principal and interest. I nB The bonds are the direct aad I m obligation of the Canadian I lot Northern Railway Com- lfl Ha pany. which is part of the Ri Canadian National FU.il- Bj ways System. A sinking EH fund of 8500.0SO per year is S Hj provided for the repurchase B of bonds if available at or below par. Id- IW Writ, fall or Tlka. El for Iaforxg alios I CKRK-1N1ALL ' e co. inc. I LEA , Firth and Stark Streets r-fl BaV ftfP8 M PRICE TO YIELD 6y2 These bonds are issued to defray cost of converting the steam plant into a hydro-electric system. Should plant surplus ever by any chance be insufficient taxing power is available. Bandon's taxable wealth totals $1,580,000. In addition to being the center of an immense lumbering industry, it is situated in the heart of a rapidly developing dairy and farm region. Call or write for detailed information BROADWAY AND OAK Municipal and Provincial BONDS We offer for investment of your June and July funds a select list of Foreign and Domestic yielding 6 to 84 Descriptive circulars upon r WESTERN BOND & MORTGAGE COMPaANY Statement of Condition The Bank of California, National Association San Francisco Indudirtg Its Usage i in ta Portland, Seattle and Tacoma At Claws of Bu.mai.june 30, 1921 ' ASSETS Loans and Discounts 161,420,644.72 Bank Premises (San Francisco and Branches) 1,498,206.69 Other Real Estate 200.033.23 Customers' Liability Under Letters of Credit 4,442,933.33 Sundry Bonds and Stocks 5,899,783.82 United States Bonds to secure Circulation 2,1 5 0,000.00 Other United States Securities 4,731,626.26 Redemption Fund with United States Treasurer.... 107,500.00 Cash and Sifht Excsfange . . 22,665,229.12 LIABILITIES Capital Surplus and Undivided Profits Reserve for Taxes and Interest Circulation Letters of Credit i Bills Payable aad Rediscounts with Federal Reserve Bank M Other Liabilities n . Deposits ....... 103,115.957.17 8,500,000.00 8,950,786.69 256,557.82 2,094,297.50 4,502,350.91 13,807,856.53 1.587,851.62 63,416,256.10 8103,115.957.17 PORTLAND BRANCH THIRD AND STARK STREETS r g.10 for 20 years Van Camp 8s at 99 A profit of 8M if called before maturity. Bonds are obligation of a very old snd highly successful company. Due In 20 years. Denomination.: $1000 $500 9100 Ask for details. sgZrTTi Freeman. i SMITH f aVj ill alW t 1 Ci JOHN M. SCOTT exonerated the driver of any Wav. a. Mas J. T. General BstMlag Malm 118 4TH ST, FOetTLASD, Agent Moor is a of (his 10 54 OK. city and of Ev .4 481 aU 48 m
