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