The Oregon daily journal., August 14, 1921, Page 21, Image 21

SECTION THREE '
BUSINESS NEWS
PORTLAND, OREGON, SUNDAY. iMORNING, AUGUST
14, 1921. . . . - . - - : '-. ; : ; .
L
IS TO BE
NEXT FEVI WEEKS
Mills in South and West Resum-
ing Operation Other Lines of
Industry ; Show Improvement.
New York. Aug. 13. Lumber this Is
the plank which is counted on to but
tress ! the business- structure :: during the
coming i weeks. . For foreign countries
have j entered the market -and mills in
both !the South and West are resuming
operations, increasing their working
forrpn and nrra.iHnfr- fni a narlrul rf Te
newed activity. . .
VranfP nnnBn in :Tin4n nua oil
placed large orders for lumber with
American dealers in the last week. ' In
addition, the anticipated ." demand from
the railroads for repair material and re
placements is beginning to be realized
and building construction, while it still
lags,! is improving .perceptibly in many
Individual sections. '
STEEL ISStSTSI OBOWS
Improvement shows every indication
of continuing in the steel industry. More
stacks are being blown in and produc
UMBER
STANDBY
DURING
tion is on the upgrade. Business dis
patches received here within the last 24
hours Indicate unmistakably that the vol
ume of railroad buying of steel prod-
ucts is far heavier than appears on the
surface.
j - The fact that prompt action for pay
i ment of government Indebtedness to the
' railroads may possibly be delayed, has
'been! overemphasized so far as its de
pressing effect on railroads' purchases is
concerned.
The number of idle cars ia being
reduced, net earnings are increasing and
the revenues of the crop are in prospect.
As a business expert expressed, the
man who has been out of work and who
gets I a Job does not have j to wait for
pay day to become persona grata to his
landlady and the railroads are in a
similar position. J
ria ieon looks vr
The pig . iron not only has improved
in price, but larger orders are being
placed. ' The coal . situation, while far
from satisfactory, is In slightly better
j. condition, due to railroad buying and
increawed movement to the lakes, and
vhile oil prices in some fields have been
reduced, this has affected more seriously
operators with stocks of oil acquired at
richer prices rather than those depend-
.. ent upon important production.
Cotton not - only has maintained its
: cdvance in price, but far more aignifi
L cant is the fact that the mills have
, i begiln.to buy J-aw cotton. They hot only
Factors
of
Trj
A THOROUGH, expert
analysis of each issue
precedes our purchase
and offering of bonds.
This, together with the
stability and experience
reflected in the sixty-two
years continuous standing
of the Ladd & Tilton Bank,
furnishes the maximum
of safety to those with
funds to invest. ;
BOND DEPT. '.
Ladd & Tilton
K Bank ;
Oldest In the Xortfcwest
j WASHINGTON AT THIRD
1
Western Bond &
Mortgage Co.
Bay aad Sell I
Investment
! Securities
United States Liberty j Bond'
Issues, : ; State. ; County, 1 City,
School and Foreign bonds, also
First Mortgages on improved
city and farm property.
List ef Csrreat Offering TJpoa
j Keqaest '
Western Bond &
Mortgage Co.
Ground TU Board Trade BIdg.
HAIX 11S. 88 FOCKTH ST.
Cooke Co.
Stocks, Bonds
i Cotton, Grain, Etc.:.
DIRECT PRIVATE
WIRES TO ALL
1 EXCHANGES
Members Chicago Board of Trade
Correspondents of Logan & Bryan
Chicago , New York
2 1 6-21 7 Board of Trade Building
Safetv
r
Overbecke?
are buying it. but they are spinning it.
Manufacturers are adding to their work
ing forces and the leading interest has
found it necessary to put a night shift
on at some units to insure required
production. ,'
LOOMS ARE BUST
It is agreed tha the livestock indus
try, aided by the financial assistance
rendered to growers, has passed the dan
ger point, and the busy looms of the
woolen mills are fast diminishing the
surplus stocks of wool which have hung
heavy on the- market for many months.
In this branch of the textile trades, also,
night , shifts have , become necessary, 'in
some instances, to keep pace with de
mand.' ' , - V-r 1 -'.-,"''.
Predictions of a; decrease in the grain
crop in some"-section -"have been- bal
anced bit reports of record wheat har
vests in the! Northwest and portions of
the Middle West and by the high qual
ity of the wheat ! threshed." Grain for
export is passing through Southern ports
at double the rate attained last year. . -COLLECTIONS
BETTER
As ' a result, farrers are repaying
their loans, bank deposits are' increasing
and collections are better than for
months.' . - i "- .. ..
Steady shoe ' factory, production: is In
evitable in order to supply the demand
and the leather and tanning industries
are reflecting this conditions These fac
tors have had a cumulative effect , on
retail - trade, retail " turnovers - have
speeded up and while merchants still are
buying in comparatively ' small quanti
ties, they are returning to the market
with ever increasing, frequency. .- ,
Fewer price adjustments remain to be
made and buyers are evidencing an in'
creasing willingness to recognise that
fact.? t f - - r,f k
Loans to Brokers
Lowest in 8 Years
Along Wall Street
'Although accurate figures on. the size
of brokers? loans in Wall street are
largely guess work, "it is evident," says
the New York Times, -"that loans to
brokers for the ; purpose of carrying
stocks are down' to the lowest point in
eight years. The total is put at $500,
000,000, a decrease from the 11,000,000
000 estimated February 1, 1920, and from
the high mark of $1,750,000,000, estimated
July 31. J919. .; j
"Bankers say- that the brokers money
borrowings are much below those in 1913
and 1914. Their common belief is that
the so-called 'street loan account' has
been liquidated thoroughly. The -reason
is the sharp decline in security prices
and the lack of public interest in the
market
- The following table, compiled by Dow,
Jones & Co.. gives an estimate of the
shrinkage in, this class of obligations,
showing the approximate borrowings at
various periods since the high point in
1919: .
Ansurt 9. 1021 .. 600.000.000
Jus 21, 1921 . 000.000.000
December 14. 1920 ......... 700.000.000
Norembfr 30. 1920'......'... : 790.000.000
August 10, 1520 ....j 850,000.000
July 21. 1020 . ..'! 900.000.000
April 28, 1920 -950.000.000
February 11, 1920 1.000.0OO.000
December 5, 1919 . 1,850,000.000
October 18. 1019 ..J. ....... 1,500,000.000
July 31. 1019 J.. 1.730,000.000
During the active stock market In 1919
and 1920 the daily call money turnover
was around; $45,000,000. Now it fluctu
ates between $10,000,000 and $15,000,000
daily. -' j r . j .. .
.10
for 20 years
A profit of B additional
if called before maturity.
Bonds are obligation of a very old
and highly , successful company.
Due in 20 years. -
Denominations:!
$1000 $500 $100
i. 7 V
Ask for details.
Freeman,
Smith
.Camp
Van Camp 8s
at 99 I
eviootio kloom
-Investment Suggestions-
Republic of Uruguay 8 Bonds
Due 194& at 98Vt to yield 8J20
Swift and Company 7 Bonds
; Due 1931 at 97V to yield 738 ;
Western Union Tejegraph Co. 6J Bonds
! Due 1936 at 99 to yield 6.60 .
Wheeler County, Oregon, 6 Bonds
Iaeome. Tar Exempt)
Due T932-1951 at 100 to yield 6
We recommend these issues as
affording a high class investment. .
Write, phone or call for fall -details. - v
F.f.nevepeaux&(5mpany
INVESTMENT BONDS
J" : rwKTlAriD, OREGON z BROADWAY 1042
.. , GROUND FVOOH WCttS-TARGO BUILDING
GOODS OUTPUT TO
FILL ORDERS ONLY
Manufacturers to Combat Tend
ency of Retailers to Withhold
Business; Sales Liberal.
. By James AJlerton .
New York. Aug. 13. To combat the
tendency of many retailers to hold off
on ordering of fall apparel for women,
many of the manufacturers of this sec
tion have determined to refrain from
producing such merchandise In quan
tities, which will largely exceed actual
orders. , Knowledge that they ; cannot
rush in at the last moment and secure
the filling of rush orders from manu
facturers stocks, it is felt, will have a
stimulating effect on buying for future
deliveries. ' t5 '
The early results- from the showing
of the remaining spring lines of the
American Woolen company have been
exceedingly satisfactory. As a result
it is believed that the fancy worsteds
will be withdrawn from order before
the close of the week and that the entire
production of the mills of the- company
well Into next spring will then have
been accounted for, , .
The consumption of raw silk by manu
facturers in this section which reached
record proportions In July is continuing
at the increased rate. Dry goods market
is showing both breadth and firmness
with many retail buyers here and a sat.
Isfactory export demand. Export trade
In leather is greater than at any time
this year and shoe manufacturers in
this section are Increasing the output
BUSINESS
topics:
Money in circulation ou the . first of
July totaled $5,714,000,000 compared with
$5,983,000,000 a month ago and $6,085,000.
000 a year ago, the per capita circulation
being $53.42 compared with $55.43
month ago and $57.18 a year ago. The
total stock of money in the United States
was $8,024,000,000 compared with $8,074
000.000 a month ago and $7,887,000,000
a year ago. Our gold holdings totaled
$3,223,000,000 compared with $3,175,000,000
a month ago and $2,688,000,000 a year
ago.'
While there were a large number and
variety of new issues offered the public
in July, 1921, total volume was com
paratively small, reflecting a lessening
of industrial activity in the United
States. . Total, of railroad, public utility
and industrial bonds sold was $128,352,
360, compared with $124,747,360 In June
and $215,661,650 in July. 1920. Corporate
financing for seven months of 1921 was
$1,718,513,820, compared with $2,332,727,-
000 in the corresponding period of 1920. .
Railroad financing since the first of
January, has been on a large scale end
very successful. While some of the
issues offered in the early part of the
year for a time sold below the original
offered prices, it is stated that now all
issues are selling at the offered price
or considerably higher. This indicates
that there has been a successful distri
bution of
these bonds among permanent
Investors.
With constructive forces in. operation
and a better sentiment developing in
different quarters, the commercial out
look seems one of brighter promise.
Gains in activity. If not generally ex
pected at this season, are not wholly
absent, and there Is a more hopeful
feeling even in channels where actual
transactions disclose no increase Dun's
Review.
Investors who now have funds avail
able are afforded opportunities such as
come but seldom. The matter of careful
selection cannot be over emphasized.
Purchasers of good securities can be
assured not only of unusual yields, but
they aleo have a reasonable assurance
of a profit through an advance in prices.
Trading in bonds on the New Tork
stock exchange in . July, 1921. amounted
to $252,717,000 compared with $309,873,000
in June and $230,476,000 in July, 1920.
Liberty issues aggregated $143,183,000 in
July, 1921, against, $217r,741,000 in the
previous month and 4169.633,000 in July
of last year. "A v"
W. L. Thompson, vice president of the
First National bank, who attended a
meeting of the directors of the Stock
Growers Finance corporation in Wash
ington, D. C. last Friday, is expected
to return to the city the first of the
week. - " ' ' i
R. W. Schmeer. vice president of the
United States National bank, i who is
absent from the bank vonThis, annual
outing, is on 'a touring trip which will
take him through Western Washington,
British Columbia and the Yakima valley.
J. W. Bickford, assistant cashier of
the First National bank, now . on his
vacation; will return to the bank, about
the first of September.
Itf ft fcK. I
, i ,.i i
Attention Called to
Short Time Issue of
Liberty Loan Notes
The United States treasury department
recently advised Governor John U. Calk
ins of the federal reserve bank of San
Francisco, that the public's special atten
tion be called to the "attractive short
time investment" features of the Victory
liberty loan note issues, paying interest
semi-annually at the rate of 1 and 1
per cent per annum, and maturing May
20, INI j
The - information was substantially to
the effect that there was a great un
satisfied demand resulting in an over
subscription of the ' August 1 offering
of the United States treasury certificates
of indebtedness, and the closing of the
subscription books resulted in the rejec
tion of 90 per cent of the over-subscrip
tion. This very large unsatisfied de
mand could be, to some extent, satisfied
if invested in Victory liberty loan notes
at the current market prices. These
notes mature-in less than two years, and
the prevailing prices offer a most attrac
tive short time Investment .
Victory loan 4 per -cent notes are
selling in the open market around $98.75,
yielding interest of approximately
per cent at that price : the Z notes can
be bought likewise around $93.40. with
an approximate yield of 4 per cent
Any bank or bond house can effect their
purchases for the buyer.
OREGON'S SCENERY
BEST. SAYS CAMP
Bond Man Back From California
Says Roads and Beauties
Beat Bear State's.
After traveling about 3,000 miles
through Oregon and California. Frank
W. Camp, of Freeman, Smith & Camp
Co., who, with Mrs. Camp, has just re
turned to Portland, declares that in pre
paring for the 1925 Exposition here, Ore
gon should lose no time In advertising
her seenery and her climate. Despite
statements to the contrary, Oregan's
scenery far surpasses California, especi
ally that which is to be seen by those
touring the state, says Camp.
"From one end of California to the
other," says Camp, "there is nothing
which can compare with Oregon's scen
ery and climate. If Oregan is going to
get ahead now Is the time, for California
can no longer boast of her good roads
when we think of the roads in Oregon.
The worst road encountered on the . en
tire trip was between Redding and Red
Bluff, CaL
"Apparently Califarnlans are getting
interested elsewhere than in their own
state, for In both, coming and going we
saw . more automobiles -with California
uoense tags Between wem ana wi' sji
fornla line than we did Oregon and
other "foreign" machines together. We
talked with many of these tourists, who
had nothing but praise for Oregon. They
seemed very enthusiastic about the seen
ery and declared that It was one of the
state s greatest assets.
"We also, heard much favorable com'
ment on Portland s tourist camp, auto
mobile owners declaring that it was one
of the finest they bad stopped at In
their travels. In California there are
very few natural camping places. It
was difficult to find even a little, natural
and cool nook in which to eat lunch In
the open. ...
"The bond market In California has
certainly improved within the past few
months and all dealers are now opti
mlstlc as to the future. All high grade
municipals In California are selling on
a mgner basis than are similar bonds
here."
Replies From All
Sections Show South.
Slowest to Recover
The Continental and Commercial Na
tional bank of Chicasro has lust issued
a report of the business conditions of
the United States, information for which
was gained by answers to questionnaires
sent to every section of the country.
ine report states in part:- t ? ,
"Sectlonally the South is making slow
er progress than the middle West or
any other section. Everywhere the
stocks of retailers are low, .Buying is
done carefully and there Is a reluctance
to make commitments. Unthinking op
timism and blind confidence have 'given
away to reasoned perspective. 'The attl
tude toward the development of foreign
trade shows an open mind. The spirit
01 we letters of contributors is good.
There is shown an understanding of
conditions with no pepsimism and a calm
confidence that time is the remedy. Col
lections are usually better than fair and,
in a number of cases, note Is made of
the fact that .accounts long past due
are peing reouced.
The fall of 1922 is given usually
tne ume wnen business activtty will
become general and the turn, toward
real prosperity will be made.
Investment Houses ,
Advise Purchase of
Long T erm 'Paper
Investment banking houses throughout
the country are advising their clients to
exchange holdings which mature the next
few years for long term bonds. This
recommendation is offered on the theory
that money rates will gradually decline
for an indefinite period and bond prices
accordingly aavance. , . ; , v .-. .,.!
As bonds near maturity, ther move
toward the price at whichv they will be
paid off. Many short term Issues falling
due next year. It Is pointed out. are in
this position, so that the Investor may
now sell short term bonds and place
the proceeds in long term issues without
sacrifice to yield, and at the same time
secure sj Issue with a high yield for
many years and also possibilities of
appreciation. ..:-.'.,.- .
I CATTLE TAKE TO FAIRS
Albany. Or., Aug. 13. F. H. Porter of
Halsey has left for a tour of nbrthwest
fairs with 15 blooded Red Poll' cattle. He
win go first to Vancouver, B. C, and Is
accompanied by AX Savage of Halsey.
They plan to show late- in the 'fall also
st the Pacific. International Livestock
ehow in" Portland and at Victoria. B. C,
E
OF
New England Operations Are on
Larger Scale; Steel Men
' Buying Little Coal. . '
Boston. Aug. 13. The shoe Industry In
New 1 ngland Is operating on a larger
scale each week. It developed that the
stocks In the hands of wholesalers and
retailers are very small and that steady
factory production will, be necessary to
supply the demand. As a result leather
Is moving more freely. Because of large
stocks of sole leather on hand, prices
are still close to the bottom, but dealers
feel encouragement over the fact that
goods find ready sale for the first time
In s year. '.
CO Alt
Toungstown, Ohio, Aug. 13. Steei
makers here are showing little Inclina
tion so far to lay In heavy reserve stocks
of coal and betterment in the coal mar
ket here is' largely in spot deliveries
for current enlarged needs.
New York. Aug. 13. Foreign public
utility consumers are asking local coal
dealers for at least 90 . days' credit on
coal shipments from export and local
dealers are having some difficulty in
securing adequate assistance in financ
ing this business.
Lawrence, Mass, Aug. 13. Mayot
White has called coal dealers Into con
ference here to discuss possibility of
anthracite coal shortage this winter and
to take steps to obviate any such pos
sibility.
OIL
Bayonne, N. Aug. 13. The Bay
onne refinery of the Standard-Oil com
pany went on a flat - f our-day-a-week
schedule today. The plant has been fur
nishing some employes four days work.
some five and .some six, according to
length of service with the company
Charges have been made that favoritism
was shown in choosing the men for the
longer schedules.
DRTGOODS
Chicago, Aug. 13. The number o
buyers in the wholesale drygoods mar
ket here continues to increase and al
though the" Individual orders are mot
large, a satisfactory volume of orders
is forthcoming. - .
Boston, Aug. 13. Sales of drygoods in
department stores in New England are
Just under those of last year in money
value. -whUe in volume they are consid
erably above the 1920 records.
HATS AND CAPS
New Tork. Aug. 13. The union hat
and cap makers oC America in conven
tion here, say only 50 per cent of the
workers in this industry are employee,
except In plants which sell cloth hats
direct to retailers. - The delegates, -for
this reason, decided to postpone all ac
tion on -proposed cooperative factories
for the workers.
PAPER
Montreal, Aug. IS. It Is believed here
that the export price of Canadian news
print will be fixed at $35 a ton for the
last quarter of the year as against the
present price of $95 a ton.
DRUGS AND CHEMICALS
New York. Aug. 13. Manufacturers of
dynamite glycerine are firm In their
Ideas of prices at present, although lit
tle business is being done. Chemically
pure glycerine is quoted at 14 c a
pound.
SILKS "
Paterson. N. J.. Aug. 13. The demand
for silk piece goods in this market has
improved somewhat this week. More or
ders are being - received and factories
claim greater interest has developed in
all weaves. Demand for black Cantons
is good.
, ' COTTONS
Uncasville. Conn., Aug. 13. The Un-
casvllle Manufacturing company has an
nounced that the- cotton spinning plant
Which has been closed since June 23, will
reopen September 12. with wages reduced
30 per cent.
BATHING SUITS
New York. Aug. 13. The general trend
In knitting bathing suits for women for
1922 is toward the man's suit model, ac
cording to developments at the showing
of goods for the summer of 1922, which
now is in prograss here. Prices show
orrve- reductions from those of the past
season. . Among the cotton suits some
are being shown which will retail as low
as $1 each.
GLASS
Pittsburg, Aug. 13. Failure of manu
facturers of glassware and representa
tives of the flint glass workers to reach
a new wage agreement at the Atlantic
City conference is causing uneasiness in
the trade here as the present wage
agreement expires September S. The
workers declined o accept a reduced
wage scale.
... , CLOTHING
Philadelphia. Aug. 13. Mayor Moore
has feeen asked ' to act as mediator- to
avert a threatened strike of shirtwaist
workers. Employers have announced a
cut in wages effective August 15, and
workers have declined to accept the cut.
COPPER
New. Tork. Aug. 13. There has been
a large amount of inquiry from foreign
sources - for- coper since - the ' recent
weakness in - price set in. Steamship
lines have agreed to. put in force an
emergency rate on copper of $5 a ton to
French Atlantic ports and $5.50 a ton
to Hamburg. Germany is at present
consuming copper at an annual : rate of
224.800.000 pounds, while France ia using
the metal at the rate of 92,568.000 pounds
a year. ' ' -
..'. VEGETABLE OILS
New York.' Aug. 13. One hundred tons
of French lagos palm oil has been sold
here in the last few days at 6 Vic! Quota
tions on domestic crude peanut oil ; ranges
from 7c to "fc f . o. b. mills, while
Oriental oil on the coast is quoted, at
7 Vc to TVic seller's tanks. Some crush
ers axe asking 9 Vic a pound for castor
oil in barrels. ' .
MAY CURTAIL MUSIC
' Philadelphia, Aug. IX Moving picture
theatres and hotels and restaurants may
restrict the musicians employed to pian
ists and organists after September 1. if
the union musicians decline to accept a
reduction in wages, according to an an
nouncement. ' Notification of the ex
pected reduction has been sent to the
j union members who have expressed de
termination to reject it. Some managers
state that the elimination of orchestras
in theatres will be followed by a reduc
INDUSTRY
COUNTRY
GAINING
tion in the price of tickets.
. . .. V. . , I
$1,004,843,702.43
Insurance Written
In Oregon in 1920
Salem. Or, Aug. 13. Insurance busi
ness written by the S79 companies op
erating in Oregon during 1920 aggre
gated $1,004,843,702.41. on which premi
ums aggregating $24.(73,013.29 was col
lected, according to the annual report
of the state insurance department for the
year ending December 31 last, which has
Just been completed by A. C Barber,
state Insurance commissioner.
Losses and claims paid by insurance
companies for the year .aggregated $,-
133.644.63. leavlag' net premiums of
a
445.478.24.. :
The report shows that there were $400
agents licensed to transact insurance
business of one kind or another in this
state in 1920. - t
This remarkable growth In the busi
ness of the state during a period bf
10 years is probably only in keeping with
the general development of the affairs
of the stats nd for that reason It Its
certainly worthy of note. I do not know
of any more accurate pulse of the busi
ness conditions and prosperity of a coun
try or state than the insurance .busi
ness," declares Barber.
The
II .1. ' - - II - k ll Mm M
Sensational Sale of
PRESSES
We were very fortunate in. securing samples of new
Fall Dresses. They come in sizes 16-18-36-38 only,
and each one is a different style, distinctly new and dif
ferent. The materials are tricotine, poiret twill, satin.
They are trimmed with beads, embroidery, tassels,
canton crepe and duvetyn. They are marked about
one-third of this season's wholesale prices. They are
exceptionally clever and worth your attention.
$10.95
FUR COATS $39.50 i
Only through a very fortunate purchase of our eastern buyer
- - .. . r . i
are .we able to oner tnese wonaenui pony iur coats .at mis
price. They are full silk lined and come in gray, brown and
dark brown, bizes Jb-n.
Elastic Girdles
$1.65
A new stock bf elastic tfrdles
for vacation and summer
wear. Made of medium weight
webbing. Sizes 23-30. $1.65.
e
Gingham. Petticoats
69c
New arrivals in blue ana
white striped gingham petti
coats. Special for Saturday
at 69c
New
Dress Goods,' Coatings,
Silks and Velvets
- Arriving Daily
Messalines
$1.75
'.. a. yard
38-rnch messalines of good
weight with satin finish. This
comes in navy, black, brown,
pink, light blue, canary, lav
ender and apple green.
Suiting Checks
$1.25
Just received 'a complete line
of 42-inch suiting checks in t
splendid assortment of .color
combination, v '
Fire insurance formed the bulk of .the
insurance business written in this state
during the year, aggregating $725,614.
7(2.85. The marine insurance business
was second in volume, aggregating $1(8.
$26,616. Fire insurance policies written
on automobiles aggregated $112,618,523-85
and there was a total of $78,031,783.73
in life insurance written daring the year.
Market Is , Strong ;
For' Certificates
Of Indebtedness
There is a strong market for all Issues
of treasury certificates of Indebtedness.
Since .the recent reduction In the dis
count rates of. the different federal re
serve banks of' the country, quotations
for all outstanding issues of certificates
have moved up appreciably and a premi
um is bid for all outstanding issues.
It is pointed out by bankers that the
fact that the notes due ia 1924 are sell
ing to yield -less than SVs per cent in
the open market with every prospect of
the yield being reduced through higher
quotations. Indicate that the next iase
Of notes Offered may be on a 6 per
cent basis -or lower. The issue offered
In Jury carried a Vi per cent rate and
was neaviiy - oversubscribed. (-
mRD&l&SHNGTON,
HE3BT 1. DITTER, XCR.
to $57.50
Corsets
$1.49
Good quality coutil corsets in pink
and white. Front and back lace.
Medium and low bust Fitted with
four hose supporters. Sizes 20-30.
'.-! .;
Aprons ;
$1.75
Pretty checks and plaid cov
erall aprons with sash and
pockets trimmed -wUh rick- "
rack braid. Waistline aprons -
two 'large' pockets trimmed
with black braid and sash
. sizes, small, medium and large. I
Silk Poplin
$1.95
'',-?.- "t j. -
a yard,
'
.'. -?"
3 6-inch . all-wool poplin. - The -colots
are navy, black and brown and mate
lot blue, -.j
Full Sized Sheets
$1.25
81x90 Belverdeer" sheets, made
bf
good quality muslin. Special for
neV falustyles
Great Plans Made
For Entertainment V
At Bankers' Session
Elaborate plana for tin entertainment
of those who attend the annual conven
tion of the American Bankers' assocla- -tlon
in Los Angeles, October 3 to 7. In
clusive, are being formulated. ' Trips of
Inspection will be made to the motion
picture studios, the beaches and the
snow capped mountains. In addition, all
the country clubs, with which Los An
geles, is practically . surrounded, will
throw' open their golf courses to the vis
itors." 'Garden fetes, muaicales and aa
endless variety of pleasure will be of
fered . In order to inform all who attend
of the general as well as the specific
conditions facing various lines of busi
ness . and endeavor, speakers will be'
brought to the convention who are rec
ognised as authorities in their respective
fields. - Speakers will o .be confined to
those engaged in the banking business,
but ..will be representative of general
lines of business comprising the full
gamut of American enterprises.
Pongee Blouses
$3.45
We Just received a new ship
ment of pongee blouses made
of hsavy quality vwith large -plaited
and pin-tucked fronts.
Sizes 36-50.
- - Crepe Bloomers
98 c '
A new shipment of wonderful
crepe bloomers In plain and
fancy patterns. Full cut with
gusset, with elastic at waist
and knee. Sizes 5-29.
4-; il , ? ,!-!". v r . , .
Muslin
Petticoats
: $lf65
': '.-A ' - ' V " v '
I A new shipment of muslin cet-
f J - ti coats with scalloped and etn
Kibroldered edge. . Panel fronts,
f Sport styles. Sizes 32-34-in.
j. length. .; - ;.'-,. ';;: - .
j ' - ;'; .. ; - -
sAM-WobI Serge:
$1,00
- tt - i dress goods . department
A. -offer, a fluintitv of ilUwnrJ
l ! v3 6-inch Imperial serre In
navy, black, brown, wine," Bel
gian blue. , : . . .' ;
It
i
. ' . Children's v
'Muslin Gowns :
98c;
Children's muslin gowns, ki
mono sleeves. Trimmed with -good
quality embroidery.
-
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