14 THE OREGON DAILY JOURNAL. PORTLAND, OREGON THURSDAY, AUGUST 25. 1821. STORY BRICK ON r l yf EST SIDE LEASED FOR 1 0 YEAR TERM l'.' The taree-story brick building occupy- Ingr the quarter block at the southeast f corner of Broadway and Oak "street was , leased today to the Western Auto Sup it ply agency of Los Angeles for a 10-year , period at an aggregate rental of $225,000. ,The property is owned by the E. Henry "Wemme estate and the building has been t, occupied for several years by Ballou & ' -Wright, Wells & Co. and other tenants. The lease becomes effective January 1 '.and the leasing company proposes to .'epend about $20,000 in alterations on ' the interior, . The lease was made following exten slve - Investigations of Portland's retail , business district by M. Pepperdine, pres'i ' dent of the Western Auto Supply agency. The company will establish it- self in the qfuarters now held by Ballou ! & Wright, who will move to their new building at the . southwest corner of Tenth and Flanders early in November. Leases T of other tenants expire Janu--"ary 1. ' According to E. G. Crossett. resident manager of the Western Auto Supply , agency, his concern is capitalized at 3,000000 and recently took over the " six stores operated by the Auto Parts company at Portland, Seattle, Tacoma j and Spokane, thus rounding out a chain of 30 retail stores in the western states. - The lease executed today was signed .''by Lotus Langley, -president, and Rob ert Dobson. secretary of the Wemme t estate ; B. L. Metzger, representing the owners in the realty transaction, a.nd W, W. Metzger of the Metzger-Parker I company, representing the Western Auto Supply agency. them and overtook his opponents Just as they were entering another store. He attempted to grab one man. but the "ex pert" swung a vicious right and Douglas was forced to let go. The two men then jumped into a passing automobile and disappeared. The machine was driven by a woman and it is believed that she was an accomplice, j. A machine in which the men had gone to the Douglas store was found around the corner and it was learned that the men had rented it from the Army ga rage at Second and Taylor street- H. S. Barnett, proprietor of the garage, told the police the two men had rented the machine each day for some time. : t J '.V Grocer Punched in Trying to Stop Short-Change Men E. T. Douglas tried to .stop two men y rho dashed from a store at East Twenty-eJhth and Burnside streets Wednesday night and was given a punch .' on. the chin for his efforts,' according to report made to the. police, f The two men had attempted to work short change stunt on him at his gro eery store, East Twenty-fourth and - Ankeny street, shortly before and when he went to the telephone to call the po- lice, they hurriedly left. , ,.' Douglas managed to keep an eye on PIONEER HIGHWAY PAVING IS FINISHED Ridgefield, Wash., Aug. 25. Accord ing to word from the office of County Engineer Schwars, the Pacific highway. between Pioneer, four miles east of Ridgefield, and La Center, will be opened to traffic on September 10. The paving work was completed last week and the crew is building shoulders, dig' glng ditches, erecting concrete guard rails and resetting wooden guard rails at rves and constructing concrete gut' ters The contract for the paving of this stretch, totalling $196,471.75, included about four and one half miles and was done in record time by the T. M. Mor gan Paving company of Everett. The paved road is 20 feet wide except at curves, where it varies from 22 to 24 feet, has a center depth of seven and one half inches and is six inches thick at either side. The contract required about 80 cars of cement. 8500 yards of gravel and 5500 yards of sand. The paving required about three months. The Pacific highway is now hard sur faced, for a distance of about 19 miles from La Center to Vancouver. The Ridgefield road, where it joins the high' way at Crabbs corner in Pioneer, is also paved for more than four miles, making a paved road from Ridgefield to "Vancouver, a distance of about 18 miles. La Center will celebrate the opening of the Pacific highway with an appro priate ceremony. Mayor Thomas Head ley appointed the following to have charge : Sylvester Fanning, Curtis An derson. I. H. Shaner and W. H. McCann ways and means : Mrs. Curtis Anderson Mrs. Lulu Leverett, Mrs. Thomas Beas ley and Milton L. Bradway, entertain ment : Dr. James H. Lasater and School Superintendent B. N. Gwiu. sports. CONGRESSMEN ARE OFF ON VACATION . By J. Bart Campbell . Washington. Aug. 25. (L N. S.) To the refrain of "The Bills They Left Be hind Them," congress scattered to the traditional four winds today. In spite of a determined fight by the dry forces, the house passed the joint resolution -providing for a. recess by a vote of 146 to 129. Only the members of the senate finance committee were left behind to wrestle with tax and tariff bills during the 30-day recess which began officially when the senate threw up its hands and quit just before midnight with the Wil lis-Campbell anti-beer bill still to be acted upon. Among other measures which congress left behind were the administration bill to extend credits to the railroads, the Penrose bill to grant blanket authority to the secretary of the treasury to fund the $11,000,000,000 indebtedness of for eign governments to the United States, the permanent tariff bill and the revenue bill. The senate finance committee will con tinue hearings on the tariff bill during the recess, but may sidetrack this meas ure for the revenue bill with a view toJ reporting the latter to the senate and securing its immediate passage when congress reconvenes. HEAVY TONE CONTINUES TO RULE IN NEW YORK STOCK MARKET STOCKS DECLNE WALL STREET QUOTATIONS - Farabhad taf OraTbacfc Cook, Co-. Botij of Trad BaOdia. Town Freeholders May Hold Meetings For Special Needs Olympia, Wash., Aug. 25. Township governments may hold special meetings whenever a sufficient number of offi cials and freeholders deem it necessary for the interest of the township, accord ing to an opinion by Oscar R. Schumann, assistant attorney general.'- Schuman also held that the city of Seattle is not required to pay a fee, based on gross operating expenses, when Til ing the report of its municipally-owned utilities. I IN DOLL MARKET Kal. STOCK. ) Hih. ( low. Bid. New York. Aug. 25. L N. S.) The stock market closed steady today. Mex ican Petroleum continued its erratic movement and, after rallying from 81 to 9C, broke td 6. followed by another rally to 90. Studebaker. after reacting over 1 point to 654. recovered to 664. American Sumatra Tobacco was in sup ply, falling Zi points to 38. General Electric rose 2 points to 11 4 following the declaration of the usual dividend, but again receded to 113. United States Steel, after being forced down again to 72, rose to 73 and Baldwin moved tip over 1 point to 71. Northern Pacific turned weak rgaln. falling to 70 and Great Northern preferred yielded 1 point to 70. Government bonds, unchanged; rail way and other bonds, steady. Total sales of stocks, 603,900 shares bonds, $8,217,000. 00 see 1200 "ioo EQUIPMENT XOTES AUTHORIZED Washington, Aug. 24. The I. C. C. to day authorized the Great Northern Rail way Co. to issue $606,000 equipment gold notes bearing interest at the rate of 6 per cent. The Issue, which will be sold at not less than 97 Vs per cent of par and accrued interest, will mature August 1, 1931. Gee, Mother, SOME Biscuits ! F course he couldn't wait 'till supper time, with a batch of mother's bis cuits hot out of the oven ! So here he is tucking away some additional sturdy strength. Mother knows the nourishment ' those biscuits Contain for they are made with Alpine Milk, creamy, double rich. It's just as if you lived nextto the big sunny Oregon farms where Alpine comes from. Use Alpine, the Every Day. milk, for all milk purposes--for cooking, on cereal, for cocoa, to make tea and coffee richer and more xxwishing. "71s Milk of the West is tteJUSa dot is BatlZ &TBSTL&S FOOD COMPANY RAILWAY. EXCHANGE BLOC, , PORTLAND i TVT V . . ;' : 4 k OREGON TT. -ir r V New York, Aug. 25. (I. N. S.V The stock market again showed a . heavy tone at the opening this morning. Mex lean Petroleum, after opening H lower at 90, broke to 88 and Pan-American Petroleum yielded to 40. united States Steel was k lowec at 72. while Baldwin fell over 1 pdlnt to 70 Vi. General Motors fell Vt to 9H ana famous-Players was higher at 544- The railroad Issues again were in supply. Northern Pacific dropping ta 69 and St. Paul preferred showing a loss of H at 35J,. There was heavy selling of Corn Products, which yielded over 1 point to 63 . proiessionai operators are still con riaent or lower prices. Losses were forced in the railroad group at the out set, but by the end of the first hour the lossse were more than recovered by the rails. IVOjAdama Expraw... 104 Adnan Kuan.... ... do pf d. 1 300 Air. I'beBL . . . . iOO! do Pfd. 1 1 OOiAju Kubbcr. . . . SIIO Alutl ttoid 600 Alaska Junes. . .. 4IK Allied I'tata 200jAllu-Oimliars . . . . . . . I do pfd. ...... ...'Am. Bret 8aar. . . . . . IAbl Botch Am. Can Co do pfd. Xmu Car at Fdjr. . do fpd. Am. CoC Oil.... 1 do pfd. ... Am. Inig Synd. . lOOjAm. Hide a L... 300 1 do pfd. 100 Am. Ice 13A0e,Am. Int. Corp. . . aooiAm. Unseed , . . . . I do pfd. 1800:Am. Loro. ..... do pfd. 1200IAm. Saf. Hasor. Am. Ship Com 1400 Am. Smelter .. SUOi do pfd. Am. Snuff .1.. S300lAfn. Steel Fdy. . 2404) Am. Sugar .... 2001 do pfd 8200Am. Sumatra. . . . 600 Am. Tel. Tel. . SOOAm. Tobacco.. 2001 3700. 1 sou is 29 8 IT H H 1 3 2 24 S I 24 14 121 4 17V. 83 Vi OH 43H si'vi 17 82 do "B Am. Wool do pfd. do W. P. pfd. . . . SOOiAm. Zinc 2500jAnaconda A d Oil , lOOiAtrhisoa . . . . I do pfd. 4400 AtL Gulf & V. t SlOOiBaMwin Loco. do pfd. 690OtBalta a Ohio iooi do pfd. 8000 Beth. Steel "B-'... 900IB. K. T 1 00 ; Butte Sup. .... 800: Caddo Oil 800:Clif. Packing 14O0,Calif. Pet. 200 do pfd. 7 00 Canadian Pac . . . 2900 Central Leather... 400'Cerro de Pasco. . . 230OChandler Motor... 4 18 6 av 801 : 65 64 .' I 97 21 i 20 0 N9H 88 40 SS I 1051105105 11118 118 38 ! 28 53 17 1 36 2 63 27 31 24 78 20 108 1 36 4 43 52 21 17 40 83 102 3 5 30 64 9 21 60 87 3S 118 66 32 7 83 20 " 71 Union Pacific, from 117?4. rallied to I chr' c.t'w 118 64 31 96 83 1 70 35 48 . ... . 61 31 72 113 23 24 41 64 84 4' '7 60 80 71 111 22 24 40 63 to 70. Utah Copper recovered to 42 i Strength was displayed by Studebaker, which made a gain of 1 to 67. General Electric Kelly-Springfield Tire. Ana conda. American Sumatra Tobacco and Chandler Motors showed fractional gains. A weak feature was United Drug, which dropped to 49. Mexican Petroleum, from the low of 68, rallied to 90. I- i0O do pfd .16 By Phil S. Hanna, Special Correspondent of The Journal Detroit, Aug. 25. Although there have been some trade recessions in this terri tory, me motor inaustry continued on the up trend and business progress in general has been maintained. Bank clearings here for the last week were 3105,000,000 as compared with $141,000,000 for the corresponding week in 1920, but In view of the lowered scale of prices, this is taken to indicate a de cided increase in comparative volume of business. Deposits in clearing house banks are up $8,000,000 and borrowings from the federal reserve are at the low est point since April, 1919. The difficulty of most manufacturers, however, lies not in securing money but n getting orders for goods. A few fac tones outside the motor field find the margin between cost and sales price so narrow as to be almost unnoticeable. One lumber manufacturer declared to day, ."It is getting so my customers treat me like an approaching mendi cani. AuiomoDiie manufacturing con tinues the bright spot in the situation and activity has been accelerated this week by price cuts on Hudson. Essex and King cars. The Pere Marquette railroad handled 1785 carloads of auto mobiles from Detroit and Flint In the last two weeks, which compares favor ably with peak times shipments. 1 TOR UP TREND BEING CONTINUED ieoo Chiu Cop: . . 1300!Chmo 3200C. M. St. P 4100 do pfd lOOOiCoco Cola ISOOiC. & O SOOlColo. F- fc I lOOiColo. Southern 600!CaL Gu & Elee.. 4000,Columbia Graph 200 Can. Gaj ICons. Cigan 300ConU. Can eoOit'ontL Candy 11 300, Corn Prod do pfd 1300lCoden Oil 7500C. R. I. t P 300 do "A" pfd 200 do "B' pfd 6800Crncible . .... I do pfd 170OCuba Cane 2400 do pfd 700 Cuban Ann. Sugar. 200:iL & Hudson 400!Dome Mine D. & K. G j do pfd 400'Endicott Johnson.. 1500;Erie 9 21 24 sa 32 51 22 35 53 3 84 37 65 23 80 61 50 "7 18 IS 98 16 15 20 23 34 31 49 22 34 52 2 83 87 63 22 28 "nn 500 18300 300 S00 200 100 100 do 1st pfd . . . do 2d pfd Fmmoun Players . Fed. Mins. & Smelt. do pfd. .... 200Fik Tire SOOlCaxton YVms. . . ;en. Cicare 12700)Gen. Elec 7600;On. Motor .... 400 Gen. Mot. 6 . . 21700Gen. Asphalt . . OO ioortrtch Granby Great Nor. Ore. . Great Nor. pfd. . Greene Cananea GoJf H. Steel. . . lUvk Barker . . . Houston Oil . . . 34O0iHtipp. Motor . . . 40OHl. Cent. 800 Inspiration .... Int. Apr. Corp., e .... j do pfd 1200 Interboro liOOl do pfd. 51 12 17 53 I STOCK. 700, Late m&t Maria. 61 49 7 17 13 98 16 56 12 17 9 114 9 60 41 28 27 71 30 40 10 94 30 sei 3 54 8 111 9 60 39 28 27 69 30 40 10 93 29 so" 3 118 65 96 21 T 82 96 88 f0 19 71 93 34 52 46 9 10 7 60 80 71 112 22 24 40 63 7 13 9 20 23 33 32 50 22 34 52 3 83 26 36 63 100 22 29 73 61 60 78 7 17 13 87 16 1 66 12 17 12 55 3 "i 53 113 9 59 40 28 14 27 69 20 80 54 41 10 93 29 36 3 9 f-lVW lSOOilat Uarr .... I do old. 300, hit. Here. S600 do pfd. 10O0 Int. Kirael .... 3160 Int. Paper .... 1 do Ud. .... lSOOilnnncJbla Oil .. 800Uan4 1 ..... 200 Jeel Tea liOU hL C Southern. . 4600; Kaib-Sprinct laid 700 keanecoU 1400 Keystone Tira lAO UrL Steel . . . . 1500jLotuc& Valley. . Lonllard 600 Love Thaatrea . 7300;Me. pec 3 00 1 Miami iOOO, Middle States Oil. 900 Mid raw Hteel .. 200;M. K. A. T 100 do pfd. 'Moot. Power . . . 1100Mont. Ward ... 200Mo. Pac 23O0I do pfd. M. 8t P. S. 3. 400 M. St. L 4100.at. Enamel 1100Nat. lead 200.'etada Coa. 1500,New Haven 1700Norfolk V W 129001. North. Pac Nora Scotia Steel. N. T. Air Brake . . 1700.N. Y. Central Okla. Prod, ref . . . (Ontario Silver . . . 200 Ontario A Wa4. . 200 Otis Steel (Pacific. Der. . . . , 600;Pae. Gas it Elec. SnOO'Pacifie Oil 14300Pa Ana. Pet 4300do ""B- ISOO.PenniylTania . . . . 1500jPeoplea Gaa 100 1 Pere Marquette .. IPhiladeiptua Co. . 1 lOOO Pure OU 7200!l-ierce-Arrow . . , 19O0Pierc Oil 400, Pitta. Coal 500: Pitt. Weat T I pfd. 1600Pr. Steel Car 84O0.Pullmaa 90olRay Cona. 4400;Keadin lOOiheplocla Steel .. llOOiliepublie L 8. 100 do pfd. 100 Rep. Motors 1700lHoyal Ixitch Oil. .'OUKy. Steel 8pc f8axon Motors . . 2900.ears Koelrark . Shattork. Aria. . 600;8beU I. I 18700;Sinclair SOOiStand. Oil Calif. . ISlosa Shef 6000 iSou. Pacific ... 2000Soo. By 100 do pfd. 500 St. L, k. 8. r. . 200!Mtromber; Cart. lSSOOiStndebaker !8wift V Co. . . .- 200 Term. Cop. Chem. lsiuuiiexas oil .... 500Texa Pacific . . 2 2 00 Texas Pac C. 1600Tob. Products .. 3100;Trana. Oil 4700 1'nicn Oil Del.. 2100;! nion Pac. . . . . Il'nited AUoy ... 1500l nited Iru . . . 1000 Vnited Food Prod 2700 1 nited Fruit . . 100,lnitd Rda.. pfd. 8800 l nited Retail Stoi I Riaa. Loss. Bid. 4 70 'T as , 12 40 '."a"" 2 'S3 84 16 1 1 8 49 i i 91 19 16 3 1 W 15 17 36 10 28 70 9 13 92 71 70 17 84 34 41 6 37 53 18 24" ' 53 24 49 91 11 65 20 44 SI Ind. Alcohol Rubber. . 1st pfd. Smelting. Steel . . . Pfd. Copper . 2400;i S. 12900 U. 8. 1400 do C. 8. HSOOit. s. 400 do. 8700 T tab SOO'Va. Chem. 1900LVanadium Steel , 900 Tivandou , Wabaab , 1000 do. A pfd. .., do. B pfd. ... 700 Wella Farso 100 Western Pac . . , 1 00 do. pfd. 100 Western Union 100 Wetiobouje A. 2400 do. pfd. 9O0 Wt Md 300 White Motors . . 5500 Willys, Orerkaod do. pfd. .... 200 Wilson Packing (Wisconsin Central 600 WooJworth 600Worthincton Pump n. k C. 69 "T S6 11 38 "7 3 '22 32 16 16 36 49 ii 84 19 10 23 1 43 14 17 34 "" 26 69 14 2 69 68 It 54 33 38 33 36 31 18 21 9 5 32 24 is" " 90 11 64 20 43 81 3 69 100 T 36 11 9 7 7 3 1 22 2 16 16 36 48 140 II 90 18 16 23 1 2 43 46 75 60 34 17 69 76 19 21 67 93 7 33 22 17 57 6 15 119 51 15 103 17 494 45 43 83 73. 109 42 22 25 6 20 56 21 46 71 60 34 16 69 73 18 20 65 95 7 82 21 15 53 6 15 117 49 13 102 17 48 44 42 72 169 41 22 25 0 'ii 81 83 40 9 32 6 26 105 31 55 21 81 83 39 8 31 28 165 30 17 S3 63 10 s 27 69 9 15 92 70 22 50 69 1 3 IT 9 8 84 SS 40 33 36 52 18 26 21 9 6 32 24 71 48 90 11 65 20 43 79 8 46 78 S OO 3 34 16 69 S2 73 18 4S 21 26 66 93 6 32 21 13 86 6 li 118 28 51 13 102 17 49 44 43 82 27 73 109 42 25 5 19 IS 65 20 67 81 83 40 8 31 6 26 82 23 105 30 7 OUCE GETTING READY FOR DRIVE By J. Flaal fSpsrial Correspondent of The Journal) St. Louis. Aug. 25. Commerce here Is settling down with complacence and con fidence for a steady drive over the last lap of the re-adjustment period. Not withstanding that manufacture and con struction remain inert, the situation in general commerce U better now than at any time since the reaction began, and there is every reason for certainty that betterment will be progressive for the remainder of the year. The policy of retail merchants of buy ing only as much merchandise as they need but of buying frequently and chooaing a variety of goods, has showed that trade will be comparatively steady with the sales stretched out over sev eral months. It is forecast that these sales ultimately will total a fairly large volume. Some improvement has been noted in manufacturing but tv far it has been light. Grains are selling easily in this section. Quantities of cotton from the Southeast and Southwest are being sold abroad and arrangements for financing increased shipments are being concluded. Diversified agriculture has been both pronouncedly successful and encourag ing to fanners who are liquidating their loans or preparing to do so within 60 or 90 days. PACIFIC -COAST BA5K STATEMENT Steel Situation Is V ImproyiiigiMarlcetj Visited by Buyers f I . By Gay T. Roe k well . (Sierial Cotreafwadetrt of The Journal) Cleveland. Aug. 15. Resumption of the buying of steel material In the larg est quantities for many months ia the outstanding feature of the industrial sit uation here. This buying Is confined largely to raw materials and ha been followed cloaely by stiffening prices. The increase In prices of pig iron from Sit to $; a ton krtd.of besemer to 116 valley, ia attributed to the fact that Northern Ohio manufacturer have disposed of their stocks' in warehouses and buying needs will have to be filled by direct production tonnage in many Instances. Farmers, long out of the market, are buying wire, sheets and other needed steel products. There has been a slight reactionary tendency in the rubber in dustry. The Goodyear Tire company will lay off 900 employes this week and the Goodrich company production has been reduced from 16.000 to 10,000 tires a day. Firestone continues to produce 21.000 Urea daily and the Goodyear company Is averaging 25.000. The' mounting of a new automobile spot light enables it to be manipulated from within a closed car. Clearinxs Monday ....! Tneaday .... Wednesday. . . Thursday . . . Portland nki This Wee. 5.272.315 0 4.98.112 60 4.50S.17S.41 3.934.730.82 Tear At o. 6.833.794.02 5.74H.432.12 ' 4.909.O-J9.74 5.642.699.66 Seattle Banks Clearings. Thursday I 7.424.656.00 Balances. Thursday 8.165,908.00 Tate ma Banks Clearincs. Thursday 3 361.091.00 Balances. Thursday 54.744.00 Spokane Banks fTleartac. Thursday 8 1.800.686.00 Balances. Thursday D31.U4a.00 San i amilsm Banks Clearincs. Thursday 817.600.000.00 lee Annates Banks Clearinaa. Thursday '....810.415.183.00 As a Buyer of Bonds Foreign Bond Market Furnished by OTerbeck sV Cooke of Standard Oil Stocks (Furnished by OTerbeck & Cooke Co., Tiade building.) Board Closing Anclo Borne Scrysmer . . . HuckeTe Cheejebraush . . . . Cheesebronkh pfd. . Continental Crescent, ex-diT. . . Cumberland . Eureka Galena, com Galena Old. pfd . . Galena New. pfd.. Illinois Pipe Indiana Pipe .... Natl Transit N. T. Tran-.it Northern Pipe Ohio Oil , Inter! Pete, Penn. Mex Prairie Oil Prairie Pipe .... Solar Reft Southern Pipe . . . South Penn Oil . S. W. Penn Oil . 8. O. Ind 8. O. Kansas .... S. O. Kentucky . S. O. N. T S O. Ohio 8! O. Ohio, pfd . . Vacuum Washinrton . ... 8. O. Nebraska . . Imperial Oil .... Bid. Asked. 15 15 345 3A0 81 SS 120 140 95 98 106 109 26 28 115 125 7.1 78 32 34 90 94 85 90 150 153 74 77 25 26 143 144 S4 88 225 29 "a "9 17 20 420 430 . 185 188 . 335 350, 77 80 . 165 175 54 58 67 67 . 520 535 . 375 383 310 315 . 363 370 . 107 110 . 240 250 . 28 21 . 145 155 84 86 ytw Tork Bond Market Furnished by OTerbeck & Cooke Co., Board of Trade building. Atchison GenL 4s. . . .-r . .-. . BJ. Ohio Gold 4 s Beth. Steel Ref. 5s Cent. Pacific 1st 4s St. Paul GenL 4s Chicago N". W. GenL 4s.... U 4t N. Cni. 4s New Tor Ry. 5s Northern Pac P. L 4s 76 Reeding Geul. 4s I' nion Par. 1st 4s V. S. Steel 5s Union Pac. 1st Ref. 4 . Southern Pac ( onr. 5s . . . Southern Pac. Cost. 4s. . . . Penna. Coot. 4 s Penna. 1st 4 s Chee. A Ohio Con. 5s Ore. Short Line 4s 71 Bid. Ask. 77 77 69 70 86 88 74 74 67 67 76 76 87 88 21 " 21 76 76 76 76 81 81 94 94 77 77 86 80 81 79 79 80 81 80 81 71 . 71 Board of Trade building. Rid. Ask. Russian Ss, 1921 15 19 Russian 5s. 1926 4 6 Russian 6s. 1919 16 19 French 5s, 1931 , 59 68 French 4s. 1917 48 49 French 5s, 1920 70 70 Italian 5s. 1918 31 32 British 5s, 1922 364 376 British 5s, 1927 867 377 British 5s, 1929 352 862 British ky 4s 275 285 British ref 4s 357 382 Belgium rest 5s 68 71 Belgium prem 5s 70 73 German W. L. i) 9 1 0 Berlin 4s 9 10 Hamburg 4s 10 12 Hamburg 4s It 12 Iipsig 4s 10 12 I,etric 5s 11 13 Munich 4s 11 13 Munich 5s 11 13 Frankfort 4s 11 13 Jap 4s 71 71 Jap first 4 s 86 86 Jsp second 4s 86 86 Paris sixea 99 100 l K. 5s. 1921 99 100 l K. 5s. 1922 98 99 l. K. 5s. 1922 89 89 I". K. 5s, 1937 b7 87 S. P. CONDITIONS IMPROVE San Francisco, Aug. 25. (I. X. S.) Continued improvement in railroad con ditions is shown in the monthly report of the Southern Pacific- railroad com pany for July, made public here today. rne net revenue rrom railroad opera tions for the month showed an Increase of 3782,079 and the net railway operating Income showed an increase of 1462.890. The increase in net railway operating income lor the seven months ending with July over the same seven months last year was $5,025,451. 15 CENT COLLAR LOOMS Troy. N. Y.. Aug. 25. That old stand by of prewar days, the 15 cent etiff collar, may soon be back on the market if the price war between collar manu facturers here continues. The president of Corliss. Coon & Co., which recently reduced the wholesale price to 1.45 a dozen, declared today that this price would enable retailers to sell collars for 15 cents each. Deer Are Plentiful In Santiam Forest Deer are more plentiful In. the Santiam national forest this year than for a great many years, according to Klmer Williams, predatory animal inspector of the United States biological survey, who has Just returned from there. This Is said to be due to the fact that so many of the predatory animals have been J cleaned out of Unit section. GOOD intentions alone won't solve your printing problems. We have the experience and the equipment that enable us to devote our best efforts to your in terests and your needs. F.W. Baltes & Company De4ea4- Ae 1RT AND OAK Jrnnters Malal(5s.SU6a Liberty Bead Sales Reported by OTerbeck A Cooks Co. Liberty. Liberty. Liberty. Liberty. Liberty. Uberty. liberty. Victory, Victory. 3s 1st 4s .... 2d 4s 1st 4s .. 2d 4s ... 3d 4 s . . . 4th 4s ., 4s 3s High. Low. Close 8794 8742 8744 .... .... 8760 8760 8780 8770 8776 8772 8762 8766 9188 9178 9180 8784 8772 8786 9878 9870 9876 9876 9872 9676 have you considered: keep with se- The importance of ing in close touch conditions affecting curity values? The employment of your funds so as to secure the best income returns con sistent with safety of principal? We Offer You the Facilities of This Organization G.E.MILLER & COMPANY CORPORATION BONDS TILIPHONt MAIN 19S 04Nortliwc5tCTnranK Buildtn Q . TUeXND (OREGON One Hotel in Bend cost $100,000. The Athletic Club's Home cost $50,- 000. And the city's en tire bonded debt is only $213,839. Think then how solid are its 6 Park Bonds the gen eral obligations of the city, when every- industrial plant, business block and residence is security for its bonds. Bay these Income Tax Exempt Bonds BEND Due 1922-41 Price To Yield Den. $500 625 LXMBERMENS Broadway and Oak 3 THE HUMAN ELEMENT The human element must be reck oned with In laying roada a In everything: else. That la Juat where Warren Brothers Company INSPEC TION and Warren Brothers Com pany SERVICK count In the laying of Warrenite Bltulithlc It U to the Roadbuildlng Industry what Ldle In surance Is to an Individual. The correct formula m construction MUST be used a formula that dif fers In nearly every case In order to meet the peculiar conditions at hand. Result? The taxpayer ia assured of the right kind of road made righL iiiiiiiiiiiiiiiiiiiiiiuiiiuiiiiiiiiiiiiiiiiiiiiiiiiiiiiimiiiiiiiiiui iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiuiniiiiiiiiiiiiiiiiiiiiiiiuc Every Telephone Is a Long Distance Station r Stocks, Bonds, Cotton. Gram. Ete. Slt-317 Board of Trwdo Biula Overbeck&CookeCoJ DIRECT PRIVATE WIRES TO ALL EXCHANGES mkert Ckleagi Beard of Trade CerraaseadeaU logaa a Bryaa . CkJcan - lock The Pacific Long Distance telephone lines are the voice highways of the Coast. Every tele-, phone among the 1,060,000 operated by The Pacific Telephone and Telegraph Company and its connecting companies is in potential connection with every other and can be placed in actual connection when desired. This vast system of communication is at the disposal of the business men of the Coast States for commercial use and for personal conversa tions between far separated friends. . Reach out and get your share of business by the Long Distance way. Keep in touch with relatives and friends over Long Distance. You will find the results are gratifying. Ask for Pacific Long Distance or Dial 2 1 1 from Automatic telephones. The Pacific Telephone & Telegraph Co. n..!.imi!.i.nu.ni!.i!mi...m