The Oregon daily journal. (Portland, Or.) 1902-1972, October 03, 1921, Image 16

The Oregon daily journal., October 03, 1921, Page 16, Image 16

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Newspaper Page Text10 -.THE - OREGON DAILY JOURNAL.- PORTLAND. OREGON MONDAY. OCTOiiLa 3. 1 1 ALF OF HAW'S AIR FORCES ARE REORGANIZED STATE, ; BANK OPENS DOORS ALIGNED COAS - ?. .By Bsbeit J. Bender TJ sited Ream BUIf CotnpoadMt , (Copyright. 1821. by United Xti)) , - Washington. Oct 3, The United States navy is establishing- one-half its total air force on the Pacific coast Thus, " with half the great American fighting: er&ft already assembled in Pa cific waters, 60 per cent and the most modem and strong-eat of 60 per cent ' of this nation's naval ' strength, win be facing- the potential trouble xone of the Far East . For many years world statesmen have eon tended that a country's naval' force' constituted its greatest political Influ ence on international affairs. In recent moiiuu uioo BiiuHncn uw S t rzvi. too, that the only source of sufficient . friction to embody thoughts of possible conflict lay in the Pacific. It was held - by American authorities, therefore, as not necessarily ' significant, but , merely practicable, to shift half the American : fleet into Pacific waters. KEQAGAXIZATIOX COMPLETED ' With the recent arrival of the dread naught Pennsylvania and the dispatch - of. two mine layers, which permitted . two cruisers that had been doing mine laying duties to return to their regular positions, this phase of the fleet reor ganization has been virtually completed. The Pacific- now rolls under the na tion's greatest fighting, craft, all of the . oil burners the most modern vessels in -- the fleet being located off the West coast. For similar reasons. It was, deemed advisable to place half the navy's air strength on the west coast also. While this program was agreed upon at the UM time of the fleet division, it has teen only within receat weeks that the shifts in the air force have been notice able. - Scores of flyers have been moved from east coast stations to the Pacific air force during the last two months. Among these have been some of the country's most notable officers. Cap tain Henry B. Butter has been desig nated as air force commander of the . Pacific fleet; succeeding Captain Henry assistant chief of the bureau of avia tion. FAS ED OFFICERS COHMASD 'Commander Patrick Bettlnger has just been ordered to the Pacific coast as executive officer on the U. S. S. Aroostoock, tender to .the Pacific air force, He succeeds Commander Towers. ' Both of these air officers -won fame as commanders of N. C. flying boats wh'ch. made the historic trans-Atlantic flight '.Some indication of the completeness . and rapidity with which the Pacific air ; force has been built up within recent months may be shown by the fact that there are now about 150 officers and over 630 enlisted men on aviation duty - along the west coast. Some of the offi cers are at flying stations or on the Aroostook, but a great majority axe actually on flying duty. The Pacific fleet air force is now made e up of seven air squadrons, each being divided . into seaplane - patrol forces. combat forces and spotting forces. GREAT AIR EQUIPMENT ' . J ' There Is little general realisation of the air equipment under the navy's con - trot In active service with the Pacific . fleet alone there are more than a do sen - F-5 scout planes, over a score of pur- ' suit planes (land planes) either now. in : . service or en route to join the fleet and - a dosen more in reserve ; IS De Haviland operating and spotting planes, with half as -many more in reserve, and a dosen bombing planes (Martin bombers and R-a - seaplanes) with 'an v equal number .la reserve. . v Ashore at the, San Diego air station . were are) now bdoui u aeapuuin, bbv . eral blimps and numerous kite balloons in active service, with a reserve of near ly 100 seaplanes undergoing repairs, etc. - There is a lighter-than-air hangar on North Island that will house two navy . blimps, and this station is being . equipped as a Pacific coast aviation base in the same way that Hampton Roads has been equipped as an Atlantic coast air base. J Reduction of the air forces on the ' east coast to effect the transfers to the , west coast are being accompanied by . material diminution of the outlays at east coast stations. - i i A - 1 LeRoy D. Walker, President Portland's newly reorganized State Bank of Portland opened its doors this morning, following the consolidation of the Peoples bank with 'the former State bank. The merged institutions now have capitalization of $300,000, fifth largest of the state, and with approximately 13,600,000 of deposits. The merged institutions will be known as the State Bank of Portland, and will occupy the State bank's quarters at Fifth and Stark streets, one block west of the old location of the Peoples bank.. The merger was completed Saturday night when the directorate elected Lie Roy Walker president E. T. Gruwell, Conrad P. Olson, Anthony Eckern and Maynard Redmond vice presidents; Hugh C. Gruwell, cashier; S. H. Slocuzn, O. Voget assistant cashiers, and .A. H. Herndobler, auditor." Negotiations looking forward to the consolidation were begun, several weeks ago and the merger was accomplished largely through the efforts of Conrad P.. Olson, who was vice president of the State bank and a director of the Peo ples, i When the merger plans were submit ted they were unanimously approved by the stockholders of the respective institutions. Under the , merger the directorate of each bank was combined to form the directorate of the consolidated institu tions. The directors are: W. H. Blair, W. Q. Buff ington, C. E. Cockran. H. G. Colton, Anthon Eckern, Victor Brandt S. J. Graham, Hugh C. Gruwell, E. T. Gruwell, W. E. Kimsey, George A. Love- joy, W. M. McConnell. Conrad Olson, A. E. Peake, A. F. Poley, Maynard Red mond. Fred W. Volger, LeRoy Walker and W. B. Higgins. ' Community Club Committees Named , Eatacada, Oct i. The first meeting Of Ahe Community club after the um - mer vacation was attended by about 100. President Stephens appointed as a com mittee on good roads. Q. Wilcox. Esta cada; A. H. Miller, George: A. C Cogs well, Eagle Creek ; J. CX. Tunnell. Cur rlnsvllle ; William A. Bard. Sptinrwater, and T. ' B. Young of Garfield. ' As en tertainment committee he appointed Mrs. F. E. Burns, Mrs. J. C. Gates and Mrs. G, E. Lawrence. A program followed, consisting of community singing led by Mrs. G. E. Lawrence, reading by Miss .Morgan, address by Rev. Mr. Williams of v Portland and a solo by Mr. Huggins of Portland, in which he was accompanied by his wire. Miss L F. Shields spoke in connection with , the Lyceum course which the high school has obtained for toe coming school year. Ex-King William II f Of Wurtemburg Dies (Br United Mm) Stuttgart Germany, Oct. J, Former King WiUiam II of Wurtemburg Is dead Vsm Thak 1 f nMna MnaMt' akJlAalil hi throne in 1918. having reigned since 1189 V He was born in 1848. Masked Bandits Get Little From Carman Eugene. Oct t. Two masked bandits Sunday nisht ordered Conductor 23. D. Knauff of the Blair , street trolley ear , Into an Adjoining- alley, as he was changing the trolley at the end of the line, went through fits pockets and his hat band and escaped, with St.- Shortly after, within a block of the car robbery, thieves) secured 4 to cash, an S. time check for J5 and some Jewelry and clothing from the room of F. O. Luts,. Southern Pacific freight office clerk. . ir-- j-. v-'4 PFJ1SB PUCES L HI III MEDA DIIT01QF ii cm men in oulu u MEXICAN SHARES SHOW EXCELLENT DEMAND WITH AN EARLY RISE ALL OIL STOCKS IN GOOD HM D FARM FINANCING SCHEME IS READY The local committee appointed by the War Finance corporation t o act on ap plications for loans in the Oregon dis trict has been organized'', and is now ready to function, according to Edward Cookingham, president of the Ladd tt Tilton bank and ch&irmart of the com mittee. The committee has received numerous Inquiries in the past two weeks regard' ing the functioning of the corporation and when funds will be available. It is the duty of the committee to receive applications -for loans, which can be made by any bank, banker, truJt com pany, cattle loan company or co-operative association, and make recommends tlons as to. the loan to the War Finance corporation In Washington, D. C, which. approved, the money will at once be available to the borrower. The authorized funds available for agricultural loans is to be treated as a lump sum and will not be pro rated among the states. The paper Will be issued on a aix months basis 'and will have a renewal privilege covering period of 30 months. The corporation will charge 6 per cent interest on. funds loaned to the financial institutions, who in turn caan not charge a rate of in terest greater than 2 per cent in excess of the rata charged by the War Finance corporation. .Agriculturists and livestock men are requested to submit their applications for loans to the local committee which, in turn, will forward the application to the corporation headquarters wits their The members of the committee for this district are as' follows : ' Edward Cookingham, president Ladd Tilton bank; Elliott R. Corbett vice chairman of the committee, vice presi dent First National bank; Charles H. Stewart vice president Northwestern National bank ; William S. Walton, cash ier Ladd A Bush, bankers. Salem ; F. L. Meyers, cashier La Grande National bank, La Grande. By Badsen Hawley Coital Km Staff Cunmiwtot Paris, Oct t. In ' the brief moment when; with trembling bands, General John J. Pershing extracted from . his pocket the 'congressional medal of honor , and pinned it above the tomb of France's unknown soldier at the Arch of Tri umph, the American commandsr came back to the hearts of all Frenchmen as he came to them once before at the tomb of Lafayette.' The ceremony was one of the most moving ever witnessed is tis city. As General Pershing stepped back and. sa luted, the president of the republic moved forward and. In a choking voice, thanked him in the name of the French people. , , The Rhine headquarters band burst into the strains of i the "Marseillaise" and a moment later: the famous Garde Republicaine followed-: the French na tional anthem with the "Star Spangled Banner." . GRIZZLED WABBIOSS MOVED Four marshals of France stood by as Pershing paid his tribute to the poilu's heroism, and an observer could see these grisste' old warriors blinking : percep tibly' at the significance of the simple ritual, while the American leader pre sented the medal "in testimony of the everlasting faith and Justice of our cause, for which you died." All- along the line of the great pro cession the most imposing parade since the colorful celebration or the .Napoleon centenary last summer the picked bat talion of American doughboys from the Rhine, swinging magnificently through the streets, brought applause and excla mations of wonder from the crowded sidewalks. "Mon Dieu! Hon Dieu!" they were greeted, "what wonderful men!" The bearing of the men all of them more than 6 feet tall their appearance and their precision oA movement brought spienaia compliments xrom rrencn orn cers. "If Pershing Is not pleased, he doesn't know good troops when he sees tnssa. .tney saicu FKElfCH TBOOPS SHOWY The military performance of the Americans was rivalled, in color, per haps, by the turning out of the Bhowiest troops of France troop after troop of cuirassiers of Various grades. Then came hordes of men in horizon blue, in cluding the. Paris garrison, which fol lowed shot-torn batjle flags to the ac- nu tne vanguara. oi in is marcning army was composed of young conscripts. marching in ragged formation. Every branch of the French service was repre sented. - President Millerand's significant pres ence at the ceremony ; Ambassador Her- ricks words. "I believe the future of the world is bound up, in the fortunes or France""; Barthou's "We all believe that the sword has achieved its work" all these led Paris to exclaim, with the Temps: "Here's to the allies' union!" THOUSANDS CHEER PERSHING Fifty thousand people gathered in the Place de l'Eterle and the Champs Elysees cheered Pershing and his men as they swept down the avenue to the tomb. "France has been the bastion of civil ization." said Ambassador Herrlck in his . brief address. "She is the color guard of the army of hope. As she stands' or falls, the battle we are now waging will be won or lost" He then directed General Pershing! to carry out the orders of the American government General Pershing, yon have become the symbol throughout the world of de votion and valor that will ever remain an inspiration," said Louis Bartbou. minister of war, at this point in the touching ritual. "We see herein the pledge of your fidelity to France." An hour previously Barthou had placed a wreath of flowers at the statue of Washington, in the Place Hena, and had cabled the official thanks of the French war department to Secretary weeks at Washington. New York, Oct 1 (L N. a) The stock market closed heavy today. The market reacted in the last hour, most of the leading issues falling to the low levels of the forenoon. U. a Steel reacted from SOU to 79 and Baldwin from 88 to 87. American Sugar Refining broke to SC. the lowest price that stock ever has sold, but near the close rallied to 57. Mexican' Petroleum- yielded over 1 point to lOl. Reading dropped from 72 V4 to 72 and Lehigh Vajiey reacted 1 point to 69. Government bonds unchanged : rail way and other bonds irregular. Sales Stock, . 517,900 shares : bonds. I16.S41.000. BUCK HCJCTEB IS KILLED v Ross Lake. Idaho, Oct 8. (U. P.) ' John Bee, aged 20, is dead as the result of a wound received while hunting ducks Sunday. .Bee was rowingr a boat when his shotgun fail from a seat sending a charge of snot into us Washington Water And Light Earnings To Be Disposed Of Otympia, Wash.. Oct 8. Municipal water and light departments continue to show consistent earnings, according to tne report orau supervisor of municipal corporations issued Saturday. Auburn's department in the first seven months of the year earned net Ji.J45.97 : FJienabur for eight months, 1180.71; the Kent de partment in eight months cleared Si. 49.CS and retired 82000 on indebtedness Raymond's department showed net profit oi. iu,z.se tor i20, and Sl.244.42 for the first six months of 192L The Ellens burg light department cleared 810.729.44. During the month of August the Ta cocna Municipal railway, which operates the tldeflats line, lost J5.085.5s, making tne total aencit since acquisition by the City iU3.SHJ3. . . Power Plant Head Injuydm Wreck Eugene. Oct X. John Lindsay, man ager of ths electric light snd power plant at Creswelt-ia unconscious and in a critical condition In a local hospital ss the result of Injuries suffered when hig car, which he had recently pur chased and -was driving home, ."was struck by a" Southern Pacific freight train late Saturday night at the Cres well crossing He and the car were carried ISO feet on the pilot of .the en gin before the wreckage slipped off into a ditch, pinning him beneath rt ' New York, Oct I. (L . 3.) The stock market showed an irregular tone at the beginning of business today, with fractional advances recorded tn many of the active issues. All the oil issues were in good demand, many of the. smaller price shares showing more activity tuan in months. Texas Pacific Coal A Oil rose hi. to 24, while Invincible OH was higher at 11. Mexican Petroleium showed a loss of at 99 and General Asphalt was higher at 54. United States Steel started K lower at 7 and Baldwin was unchanged at 87. Reading made an opening gain of , to 72 and Lehigh valley moved up Vt to 53. f After the first 15 minutes the market developed an irregular tendency, oil and copper shares being In supply, There was large trading in Texas Co., which rose to 37. Invincible Oil continued in good demand, selling at .1194, an up turn of nearly 2 points. U. S. Steel was in moderate supply and dropped to 7S. HUMAN FLY KILLED Sand Point Idaho. Oct 3. (U. P.) Falling 20 feet from the wall of a two- story building here. Jack Hughes, aged 28, of Detroit known as a "human fly," met his death Sunday afternoon. His wife; passing through the crowd, had collected J2 when the accident occurred. LUNCHEONS ABE RESUMED Centralis, - Wash, Oct S. The first noon luncheon since last spring was held this noon by the local chamber of com merce. TEACHERS ASE WELCOMED Harrisburg, Or.. Oct 3. A reception was tendered to the school teachers here by the school board Thursday night. SUPERINTENDENT BICE SPEAKS Newberg, Oct 3- Charles A. Rice, assistant superintendent of the . Portland schools, was a speaker at the reception tendered the Newberg , teachers by the members of the school board Friday. The address of welcome was given by Rev. George H. Lee and the response by Paul Elliott DAUGHTERS ARE TO MEET Vancouver, Wash, Oct 3. The Daugh tera of Veterans wOl meet Tuesday aft ernoon at 2 o'clock in Library hail. Six teenth and Main streets. CARD -PARTY ANNOUNCED Vancouver; Wash-, Oct 3. The com mittee of the American Association for the Recognition of the -Irish Republic wiu. give a card party In the parish hall. Twelfth and Columbia streets, Tuesday evening. The committee on cards con sists of May GeogThearan, Mrs. Roy Wilk inson and Kathleen Clancy ; committee on refreshments, Mrs. . lillll, Mrs. Dun negan, Mrs. Dunn and Mrs. Digban. Walia Walla Bonds Show Steady Gains . Walla Walla, Wash, Oct 2. Accord ing to City Commissioner W. Craig Fer guson, bids will be received on the ISOOy 00 bond issue to defray the -expenses of Installing the Walla-Walla city water works betterments on October 25. Bids win t sought at interest not to exceed t per cent YOUTHS. DRAW STIFF PENALTIES . Chshalis, Waslw ' Oct 3. Arthur Thompson ' and Charles Scroggms) youths arrested tn Morton with a still and liquor, were each sentenced to day la Jail and fined iWt , , - - V i: ; 1 ;. r : Liverpool Cetton De stand Ctoed Umpool. Oct I. (t If. &) Spot tra waa B lo4 demand t Uw epeulnr to day. . raw were In. . Sales vers 18.000 Aawriout Bid., fair. " 81T.88: Bond' mkL. tie.08:- tan . tis.63: nd, 8ia.es; low mid.. 13-S; ood eai. 812-88 ; , anL. Futures epesed osist' - v 7 WALL STREET QUOTATIONS Furnished by Overbeds Cook Co, Board of Trad Building. SalM. I STOCKS Aduaa Eivrtm. . . . Adrase Rsjl, . .V. de sfd ........ ptd ........ Ajfcal ltObl a a e Alaaks liokl ...... Alaaka OBaaS .. . AUiad Cbem. ..... Aihs-CbalKcra . ... da Bfd Am. Beet Sagsr. . . Ab. Botch ....... D. Can Co. da old Am. Car Fdj. . .. do tad .... .... Am. Cot. Oil do nfd Am. Droc Bred. . .. Am. Hid A Leatlwr; do pfd ... a. lea . : . . . lSOOlAm. IntL Corp. . . zovlajb. l.iininu ... . . do Bfd ....... Am. . ImQi . . 1 .1 do -pfd ....... a, Saf. Razor. . Am. Ship St Comm. too 'ieoo 200 leoei seoi eooi "6eo 100 loo 200 100 100 400 'iioo 200 2700Am. Smeltat Ferehrs Bond Market Belgian Rest 5 ... Belgiaa prem. 6s . . Balciaa 7Hi 1945 . Bdsian 8s. 1841 . . . Bc)ctan 6. 1925 . . Branl 8s (new) British 1922 British 5s, 1927 .. British 5a. 1929 .. British Tky 4s .... British ref. 4s .... Bordatox Sa, 19S4 Caaadiaa as, 1926 .. Canadian 5H. 1929 Canadian 6a. 19S1 Canadian 5 Vis. 192J. Canadian 5a. 1927 Chilean 8s. 1941c. Currency Denmark 8s. 1945 . Dan. Mmni. 8s. 1945 French 4s, 1917 .. French 5s. 1951 . . French 7 las. 1941 French 8s. 1945 .. Paris 6s German W. I 5s. . . Berlin 4s Hamlmra is ...... Hamburs- b .... Leipsis 4Ui Leapsis 5s .onicls. 4s . ....... unich 5s Fmnkfort 4s Italian 5t. 1918 ... Jap 4s. 1931 iap 1st 4 Vis. 1925 Jap 2d 4 Ms. 1925 . Norway 8s. 1940 100 otts, 1921 5 Vis. 1926 Sossiaa 6 Hs, 1919 Swiss BV. 1929 Swiss 8s. 1940 K. SVis. 1921 K. 6V.S, 1922 K. 5 Vis, 1929 K. 5 Vis. 1937 V. V. V. rr. Bid. Ask. 85 68 67 70 102 102 H 101 Vi 102 9S 99 Vi 99 100 374 384 865 375 868 378 280 290 . 70 2S0 834 84 Vi 94 94 tlK 4 H 90)4 90 99 100 88 V. 88 Vi 98 98 8 10 108 Vi 103 102 Vi 102 45 48 55 5 95 95 100 Vi 100 99 100 6 7 7 8 7 9 8 9 7 8 8 9 7 8 8 10 Vi 7 Vi 8 31 32 70 Vi 71 85 86 Vi 85 86 106 106 14 16 3 5 14 16 90 91 . 107 107 99 100 98 98 , 91 .91 . 89 . 90 200 400 16000 20001 2200 , eoo 300 900 5200 ,i66 5100 800 ! 2200 6400 200 2600 500 "ioo 28001 600 1700 Standard OH Stocks Anglo Borne Sernmsr Buckeye Cneeseoraasn . . Continental ........... Crescent Cumberland .......... Eureka Galena, com do Old pfd do New pfd Illinois Pips Indiana Pipe .......... Natl. Transit N. T. Transit. Northern PiDe ......... Ohio Oil -., 245 InterL Pete Penn Mex ........... Prairie Oil Praine Pipe Solar Ralg Southern Pipe Sooth Pens Oil 8. W. Penn Oil. S. O. Calif. 8. O. Ind. 8. O. Kansas 3. O. Kentucky ......... 8. O. T 8. O. Ohio do Bfd Swan c Finch ........ Vacuuis Washington .......... 8. O. Nebraska Imperial Oil Cloinc Bid. 7Ak. .14 15 . 325 350 . 78 80 . 145 155 . 95 98 . 108 112 . 26 27 .. 120 125 . 70 78 - 34 30 ,. 88 90 . 80 85 . 155 160 . 78 80 .25 27 . 148 153 .. 83 87 . 245 255 .. 11 11 .. 18 20 ,. 480 500 ' . 80 87 . 345 360 .. 70 73 . 77 80 . 52 55 ... 74 75 . 71 .72 . 540 555 . 380 390 . 325 335 . 375 385 . 108 110 .. 80 85 .. 265 275 .. 25 ' SO . 145 150 . 84 86 Sew lork Bond Market Furnished by Orerbeck Cooke Board el Trade buuduu;: Bid. Atchison Cenl, 4s 78 Bait. A Obis Gold 4s !.. 70 Beth. Steel Bef . 5a , ... 86 Cent. Pacific 1st 4s 75 St. Paul GenL 4 Vis 64 Chicago. N. T. GenL 4s 77 U N. Uni. 4s. 83 New lark By. 5s 20 Northern Pac P. I 4a. 76 Beadina- GenL 4s . 70 Union Pac IK is 82 U, S. Steel 5s 4 Union Pac 1st Bet. 5s 94 Southern Psc Cost. 6s 92 do -is 83 Pesma. Conr. 4a 86 . Penna 1st 4s si Che. Ohio Coot. 5s 84 Ore. Short list 4 86 Asked. 78 70 86 76 65 T7 83 22 77 77 83 95 95 94 83 86 81 84 86 SHORT TERM SECURITIES Furnished by Clark. Kendall tt Co., Inc. - Price. Am, TeL Jb TeL 6s, Oct. 5922 99 Am. TeL as TeL 6s. Feb. 1924 99 Am. TeL TeL 6s. Aoc 1925 102 Armour Conr. 7s, July 19SO 100 Anaemia. Cop. 6a. Jan. 1929 94 Anaoooda Cop. e, Jan. iz s Batciaa Got. 6a, Jan. 1925 95 Beth. Steel 7. 11 1922 ..... 100 Beth. Stsel 7. July 1923 95 Canadian 5s, Aprs 1926 . 94 Canadian 5a. Oct. 1931 92 Cop. Exp. Assoc 8a, Feb. 1922. 100 Com. Exp. Assoc, 8s. Feb. 1923 101 Cop. Exp. Assoc 8s. Feb. 1924 101 Coo. Exa. Assoc 8s, Feb. 1925 102 Jap. 1st Ext. 4s, Feb. 1925 89 Jan. 2d a. July 12& .. . BS Swatliwaatern BeU TeL 7s. April 1925.. SS Staadard Oil of New York 7s, Jan. 1925 97 Standard On of New Tork 7s. Jan. 1931 105 Swift A Co. 7s, Oct. 1925 ........ ... 100 D. B. Bobber Ts. December 1923 ..... 109 U. o. Rabbet 7m, Ana. 1930 101 600 eoo lioo 800 600 4001 8500 4300 200 1200 600 400 1001 8800 7100 i Liberty Bead Sales Reported by Orerbeck V Cooke nosra ot Trao suwsag: Hixh- Lew. Liberty. SHa .. .... 888O 8850 Liberty,, let 4s.' Liberty, 24 4 . 9062 9056 Liberty. 1st 4 ,. 9096 9084 Liberty. 2d .4 S 9070 9058 Liberty. 3d 4s...... 9402 9394 Liberty. 4th 4 ...... 9100 9090 Victory. 4 s 9948 9940 Tietery. 3s ......... 9946 9942 company, 8862 - 907S 9062 9086 9064 9400 9096 9943 9942 i: Ferefira Exekasf Market New Tork. Oct, JL CD. F. ehaage was weak at the nomine- ot the ket :udsy. Strrnnc, SS.tS; franca. SO.07U7 setae W 007,; 0897 eHofiaig dosed at 33.75; franea,' .0707; fire. . V. i. 1 , buim. .vvov, axvoBB. -XOVV. -' t. Mist Growers, Elect " Jefjewon,. Or., Oct 3. At a BMetitng ef use uregoa Cooorranr . Mint i. rowers' a nation txld at Carmine met week. W. J. TnrBace a Jerfenon was eleesed director to fill the saeawry ssictt by ta nminsliisi of sv;& -.sjBsstet- SC 800 100 3200 7S00 2000 100 100 2100 95001 7300 100 1100 High. Low, Bid. do pfd a. Snuff . . . . . Am. Sted Fdj. . Am. Susar . . . . do pfd Am. Snmatra .. Am. TeL A TeL.. . Am. Tobacco .... do "B" n. Wool ..... do pfd. ...... Am. Zinc ...... Anaconda . . . . . . . Atchison . . ..... do pfd. ...... AU. Guif A W. I. Baldwin Loco. ... do rfd. ...... Bait A Ohio .... do nf d. ...... Beth. Steel "B". . B. B. T Butte C. A Z..., Butte Bop.... Burns Bros. . . . .- Caddo Oil Calif. Packing ... Calif. Pet. do nfd. Canadian Pac . Cent. Leather . . . Ceerra de Pasco . . Chandler Motor . . rhicaro A N. Chi. Gt- W. do pfd. Chili Cop. Chino C M. St P do. pfd. 50 38 24 46 S4 27 5 8 91 89 5 76 69 85 41 108 125 123 76 86 28 89 38 56 S 16s 12 6 40 114 29 80 43 70 17 12 26 Coco Cola a o Cols. r.L .... Colo. Southern.... CoL Gas A Elec . . Columbia Graph; . . Con. Gas ........ Contl -Can Conn Candy .... Com Prod. do pfd........ Cosden Oil- C B- I. P do A pi a. ... do "B" pfd.... Crucible do pfd... Cuba Cane do Did. ....... Cuban Amn Sogar. Del. A Hudson . . . Dome Vines D. A K. G do pfd. Endicott Johnson. Krie do 1st pi a. . . do. 2nd pfd. . . . Fmmons Players. . . red. Mine. A Bmettj I do pfd. Fisk Tire (Gaston Wms. .... (Geo. Cigan .... 15 00 (Gen. Elec ..... Gen. Motor (Glen Alden Gen. Asphalt ..... .... Goodyear . 200 Gnnby 400 Gt Nor. Ore . 1300 Ot. Nor. pfd. . . SOOIGreena Cananea.. Kiuir a. scaet..... Hack Barker . . , . Hooston OU Hupp. Motor . DL Central . . Inaotratioa ...... tint Ag. Corp. C.L. .. do pfd. ....... .1 Interboro ...... ..I do pfd. ........I IntarsLste Callahan. 200 600 1O00 '.. . .1 20700 2000 500 100 600 100 900 40 as 56 61 78 27 34 64 6 16 12 65 55 25 12 125 J 10 40 55 204H 28 75 24 68 11 36 5ft 35 23 -:. 46 33 27 6 33 96 6 39 75 56 81 40 107 124 123 75 86 27 86 83 65 7 107 11 65 88 118 28 28 42 69 16 12 25 89 35 60 59 4 78 27 S3 63 " 18 12 64 54 23 12 124 10 89 53 20 28 74 24 57 11 35 6? 13 86 85 . si 23 - 46 S 71 27 3T 2T 61 128 108 19 f 44- 5 19 50 60 38 23 96 104 4 6 89 75 163 24 57 79 41 107 125 123 73 92 10 43 86 80 27 87 96 38 51 55 7 4 14 107 12 65 39 73 113 28 28 42 69 7 16 12 24 25 89 35 65 24 86 61 6 89 44 78 107 29 33 79 67 63 83 5 13 12 103 18 1 64 13 19 13 55 6 22 12 57 125 10 39 54 10 20 28 75 24 . 39 58 67 11 95 85 i 381 1 5 4 BTOCK9 3600 Int. Harr ., i. . . . lot, Mere.- Manse. 1 400 do fd. ......4 SOOOIInt, Nickel 11 0lat. Paper ! High. I Lew. I Bid. T3 5800 5800 lOOOUewefl Tea ... o 2300 200 600 SSOO IK. C. 370OfKUy-SpsOd. -j , . . , Ihenaeeott ....... jKeyatoae Tire . . ,' ILaek. Sted , ; (Law Tire , t. iKehiefc Valley ... ILerulard ........ (Lowe Theatres 100 600 2100 "ioo lBTincibie Oil .... . Island OQ 1100 3?600Mex. Pet. 1700 23300 490 Miami Middle Statoe Oil MidTale 8teet . , M. K. A T. . . . . do pfd. ..... Moot Power . . ., Moat, Ward ... Me. Pac. do nfd. ..... (M. St P. A 8. B. M. M. St L.... Nat Enamel I Nat Lead .... SOOfNerada Cos. .. inew uavea Norfolk A W... 4 80S lOOOl 1500 It Nor. Pac. 200jNora Scotia Steel. 1700N. x. Central ... lOlOOjOkla. Prod, ret . 300 Out w. Pants ASecre . .... Pie Gh Else. 10300 Pee. Oil 35 00 Pan-Amn. Pet . . . 00 do "B" ..... 8000 Penna. 1200 Peo. Gaa ....... Pere Marquette. , Phils. Co. ...J 5000 Pare Oil . .... ' 4600 Pieree-Arrow . . . 1O0O Pierce Oil 200 Pitta. Coal .... 600 Pitta. A W. Vs.. ..... do pfd. 800 FT. Steel Car. . . Pullman 2000 Ray Cons. 6800 Readme 100 Replosto Bteet 2200 Bep. L AS. . . do pfd. ..... ..... Rep. Motors . . . 5500 Roral Dntrh . . , eeOOIRoyal Dutch Oil. . ZOORy. St Spring. Sears-Roebuck , : Shattnck, Aria . 400 Shell T. A T. 15900 Sinclair 400 Stand. Oil CaL Sloes Shef. . . . 3200 Son. Pedfle . . . 600 Son. Ry 100 do ppd. . . . . . . . ISt U AS. F 500 24800 soo 12900 I 17400 6000 1000 4400 300 2400 2000 700 I 8400 600 "460 ITS tr a i 48 14 49KJ 12 2 16 , ' '44 22 11 'ie U9 15 161 22 13 26 18 20 41 85 r a 12 14 96 77 25 73 S 92 27 63 47 43 ST 63 20 30 87 11 - 7 "27 69 95 14 72 63 71 1 ; 49 ! 19 2 10 23 42 20 10 26 as ii 99 21 12 25 13 19 49 37 12 13 96 76 24 72 2 22 6 46 43 36 51 20 30 25 26 58 93 13 72 21 76 SlOOiStndebaker Swift A Co. Tenn. Cop. A Cheml Texas OH .... Texas Pacific . Tex. Pae. O. A O Too. Prod. TranscontL Oil . Union OU Del.... Union Pae. ..... United Alloy . . . 2100rUnited Drue . . . United Food Prod United Fruit .... United Kds. of M.J. do pfd. United Retail Stores! U. 8. Ind. AloohoU U. S. Rubber do 1st pfd. . . . U. 8. Smelting. . . . U. S. Steel do nfd. Utah Copper . . . . Ta Chera. do pfd. ....... Vanadium Steel . . . Vi-randoa Wabash . . do A pfd. do B pfd. , Western Pac. . . . . . do pfd. ....... Western Union . . . . Weatinelioaae A. B. Weet-booee . A M. West Md. ........ White Motors . . . . WiHya-Orerland ... do pfd. Wilson Paekin . . . Wisconsin Central. . Woolworth Worthjngton Pump. W. A U E. 80 20 74 See 38 24 vo 9 18 122 27 68 13 109 800 400 600 400 300j 'ioo IOO SOO 100 400 10 100 200 200 400 Ex.-diT. 1 Ex. -dir. 52 46 50 91 80 110 59 80 32 8 7 21 23 .84 34 6 41 8 per cent 1 per cent 62 69 20 75 79 20 73 e a 87' 22 65 8 17 121 27 67 12 108 52 46 49 90 79 110 53 29 31 s 7 20 22 82 44 34 5 40 8 19 48 14 49 13 2 ie 23 66 48 21 16 41 26 89 ' 146 13 161 22 13 25 2 -3 10 18 19 46 68 76 12 14 94 76 1 e 72 2 22 27 .: 87 it 87 ' 51 16 80 26 11 7 26 76 68 94 13 72 12 62 80 10 84 70 1 83 20 36 79 20 46 28 73 43 8 37 22 23 65 6. 18 121 23 68 13 108 8 18 52 45 49 90 34 79 no 62 30 75 31 8 T 20 14 22 60 82 86 45 9 33 6 26 34 26 113 40 8 STEEL DEMAND IS II Portland: Trust Co. To Deal in Bonds 0MG1II By A. . Weltaa Vtrreapeodaat of The X ; Chicago, - Oct, 3. The Increased de mand for steel and steel products baa been alow In reaching;, this section but '? independent steel - makers - ap parently' are - doing- better under a fair demand for specialties. The Illinois Steel company, however, has only two of 11 furnaces In operation.' The Gary plants of the United States Sted corpor ation , are running; at less than 50 per cent of capacity, while mills at. Mil waukee are maintaining a similar rate of production. , ., Mail order houses report better, earn ings and a seasonal increase in sales. It is an axiom of the mail order busi ness that when the farmers have no money, they buy near .home, on credit, and when they haws money they buy for cash by mail Textile manufactur ers, particularly makers of cloves and hosiery, in this territory are running nearly at capacity, and are hawinsT dif ficulty securing skilled labor, as em ployes laid off tit dull times have drifted elsewhere. Building: is making little progress. Many union men have declined to accept Judge Landls wag's award, although they agreed on him as arbltrar, and many contractors are continuing to pay the old scale of 313$ an hour despite the agreement Negotiations, it la feared, win , run into cold weaiher with old buildings delayed and new bull dings de ferred until spring;. The Portland Trust company today Inaugurated a bond department la ad dition to Its regular trust business. The department will be "In charge of 'John S. Manly, who was recently - connected with the Eastern offices of the National City company. Manly ts not a stranger In the city, for he was formerly a mem oer ot a meat investment house. Selling at 50 Saturday, the Adams Express company stock reached a new high for this year. Rumors persist mat directors may inaugurate a 6 per cent dividend rats Famous Players, it is said, have lost about 33,000,000 on cancellation of con tracts. Montgomery. Ward A Co. sales 56.353,- 455, decrease of 22 per cent from tnose of year ago. Credit guide reports 1444 failures tn United States in September, against 1503 In August an 707 year ago. PACIFIC COAST BAJfK STATSTSEXT , Portland Banks Clear(ncs This Week. Tear Ago. Modus J ... 8 S97.usa.7a ,ao,vx.so detrints, Monday t 5,604.451.0 Balances, Monday i,w,an. Taoama SJanht Clearinss, Monday 3 604,020.00 BsUnrse. SLonday va,oox.ww Spokane Banks Clearinss, Monday 3 2.225.561.00 Balances. Monday 921.044.00 o lane awiu Clearincs. Monday 8 2.001.0O0.00 San FrantUsoo Banks Clearines. Monday $22,900,000.00 Los AngeJes Banks Clearines, Monday .314.878.230.00 Cotton Condition Worst in History, Is Official Eeport Waslunaton. Oct 8. (L N. 8.) Cotton crop eondJtuns are woisw vooay uous m maw atadlar period fat (he history of the eottoa- trowins- indaatry, soeordint to a report tansy tj the depsrunent of arricoJtore. Poor weather conditions and the boll weevil mace-now appears hare curared nearly the entire cotton belt, were rino si the eaoaa for the eztieme poor eonditkna. Th condition was today reported as 62.7 per seat of normal, which is 12.2 .lower than average. - Tne departnent states tnac tne eotnm time s been weakened and sfiortenea y weatner and predicei tnere wul pe Buddie crop or pop crop. Three Billions in Securities and Cash Moved in New York (By umvenal Sendee) . New York. Oct. 3. Billions in money and securities literally were shoveled about "in Yall street Sunday afternoon. New Tork's financial district witnessed the spectacle of the removal of $3,000,- 000,000 of securities, to say nothing of an untold amount of "cash money." The occasion was the removal of the Liberty office of the New Tork Trust company and of the main office of that institution to the new office at 100 Broadway, where the two were com bined. The Lroerty oOce of the bank has been occupying the quarters of the Liberty National bank at 120 Broadway, which . was merged recently with the trust company. Owing to the absence of busy week day crowds from the Wall street dis trict on Sunday afternoon, few persons saw the 33.000,000,000 tn motion. Those who did however, saw boxes and bags issue from each office and converge upon 100 Broadway. Each bag, with Its fortune in contents, was guarded by two burly officers, who were ready for whatever might transpire. it pleasant or unpleasant Only two boxes were moved at a time. : The 33.000.000,000 In securities com prised those owned by the bank itself and those held in trust for customers. CaSSAGRaXTJA'S fathjeb dies Centralis, Wash., Oct 3. Dominic Casagranda, aged 65, father of Ben Cas agranda, one of the four veterans who lost their lives in the Armistice day tragedy in this city, died late Saturday at bis home here. HETZGEK 8 TO KB TO BEOrSK . Metsger, Oct 3. The Metzger Mer cantile company owned ' by Seefeld ft Tarr, which was completely destroyed by ftre Wednesday, September 21, will be reopened again with temporary headquarters in the Herman Metiger real estate office until arrangements can be made for tne Dunaing or a new store. The new store will in all proba bility be located on the site of the old horns but as yet no definite arrange ments have been made. The people in ths entire I community have pledged themselves to support the Metsger Mer cantile company as soon as operations are in full blast, which will probably be in a week or lp days. KELSO P0BT MAXES LETT Kelso, Wash., Oct 3. The Kelso port district wilt make a levy of 1 mill for 1921, which will raise 17234 on a valua tion of 37,224,000. This money Is needed to meet warranta issued for election ex penses, and to make improvements con templated by the board of commission ers during the coming year. The board consists of T. D. Dungan, E. D. Holbrook and B. M. Atkins. PLOW AGK3T8 HAM KB Albany. Or- Oct; 3. Waldo Anderson ft Sons of Albany, : and Hill ft Sons ot Shedd have been designated as distrib utors for the Moline Plow company of Portland, which has entered into an agreement with ths Linn county farm bureau whereby the bureau members win purchase farm machinery direct from the producers at factory wholesale prices, plus a 7 per .cent charge made to cover distribution costs. DRAINAGE WORK FINISHED Newberg. Oct 3, The end of the week will see the finish of the drainage operations which have been in progress for some time on the Newberg-West Dayton section of the west side highway. Similar work will commence at once on the Dayton-Lafayette section, accord ing to George McOee, resident engineer. located here. The drainage work on the Newberg-Portland sector has proceeded as far as the Onion bridge, 10 miles east of Newberg. ' SCOUT COUNCIL FORMED Centralis, Wash.. Oct 2. Members of a Boy Scout council, organised to super vise and promote activities here among the younger boys, are: Mayor Bogers, representing the city; E. T. Robinson, schools; A. C Gesler, T. M. C A. ; Rev, PI Tturton. rhnrches : John . Larsen. Knights of Columbus : A. S. Kreaky, na tional guard; H. Lu Bras, press; Dr. D. C. Crocker, Rotary club ; J. H. Roberts, Chamber of Commerce; Claude Oliver, American Legion ; I E. Titus, ElKa. HORSE INJURES RIDEB ' Ontario, OK, -Oct 3. Clarence Vines, son of County Commissioner franK M. Vines of Malheur county, was found helpless in the bills, 15 miles from Vale, Or suffering from a broken ankle. His horse threw him and fell on htm. WHAT'S IN A NAME? Maintenance of a high standard of quality in a product used by the pub lic over a long period of time event ually impressed the name of the ar ticle on the retina of the public eye in a way that makes the name sym bolic of perfection. For example : The words Victrola and Phonograph are synonymous: and the name of Warrenite-Bitulithic always occurs to one's mind in connection with the highest type of pavement on account 3f its resilient character and its ex traordinary durability under all Con ditions. - FOREIGN EXCHANGE BATES Corrected daSV bv the faraien ezehaiua da. partaMBt of the TJnitad States National bask. VMotaootM dcjow l except toe poaaa sternncl are rnoted on toe basis of 100 nnita ioracn ear- nowiasl rites on Lba. aterUns.S S.TStt Paris rranea. . LOT Berlin Marks. .Tt Genoa Lire. . . . 3 Drachmas. . 4.83 18.00 Kroner. . . ., 12.25 Stockholm Kroner. .... - ZXX0 Cvnencr.... BT.SO Japan Ten. . 4 7. S3 Shsnrtist . Taeis. . . . .. 80.00 i bsnk transactions: t s.ts - s 4.SSS T.OS 10.30 .7 23.31 S.fTK 13.30 4.88 13.80 18.03 2S.TS 12J3 28.70 2X85 28.T0 S8.15 ', ...... iUt ..... 30 30 10 per oeat. . BNICK KTJTCH DIKS - Kelso, Wash Oct. 3. Enlck Kutch of Castle Rock, aged 73 years, died In Kelso Friday, following av short lUneaa He bad been a resident of Castle Rock several years. - - rj. ' v 7E No Red Tape No legal papers to sign like mortgages. No legal work. Just buy a bood and svecurs a yield of This great nation with its national wealth of -fourteen billion dollars is one of the solid countries of the globe. The entire good faith and credit3! the republic secure it 2-yr. 7 Treasury Notes (Payable in U.S. Cold) Republic of A r gen fine PRICK 34. DEN. 11000. BROADWAY and OAK BX8I6KS BANK POSITIOST -Chehalla, Wash., Oct' 3. T. M. Dona- hoe, vice president of the Coffman- Dobeon Bank 3b Trust company, has re signed his office with the bAnky which will take effect October 1. Donahoe'a place will remain vacant, for the present He is the son of Francis Donah oe who is a local - capitalist and a pioneer of this section. .; ;, SCIB If CE CLUB TO BE FOBMEB Pacific University, Forest Grove, OctJ I. -The Faculty Science club will be or ganised next Tuesday night here in Its first regular meeting. Harvey Jack will read , a paper on "Popular Astronomy The new club wOl start out with a mem. bership of 20. For October Investment I mo. Oa. to stets sSniii a.7S $3000 est Feb. 1, 1927 9 101.50 DOUGLAS OO WssK, Road . ta ims e4 32000 May 1. 1923 0 100 600 " 1924 "100 . i CNTEIIMtlSI Imp. . te tW 12500 est Jan. 1. 1924 100 LOS BSMOSt, Cat, Watar SVS, te SlsSd e 31000 Apr. 1, 1934 9 98.8S ntlSNO CO., CaL, Road 7s, to yWd 31000 Apr. 2X 1923 f 100.92 1000 " 1925 " 101.74 . 1000 " 1927 .M 102.45 PORT OT SIUSUIW Ss. to Md Vk 31000 Jan. 1, 1928 98.17 2000 " . 1931 96.68 1000 " 1933 " 96.30 RULLsMN Imp. 7s, to field 7 ' 32000 est July 18, 1922 & 100 TORREHISH Imp. 7s to ytsld TV ' ' ' ? 800 est Sept 15, 1922 100 CALOARY, Soh, DlsC 8s, to jleM : 7,00 35000 May 1, 1922 99.10 0RCATKR VANOOUVCR Sewar B, to yWd 8 32000 March 8, 1923 0 96.08 " t KDMOarroai Ss. to yMS t 31000 Sept 1, 1922 Q 97.43 BtTrlLKHtM miL 7a to yield 74 f 1000 July 15, 1922 100 CANADIAN NORTHERN (, to yMd 7Vi 31000 July 1.-1923 98 FIStt R1IBRKR OO. Ss. to yMd S-10 113.500 Sept 1, 19U 99 NKVADA-OALIF. f LEO CORR. Ss, to yield 33000 April 1, 1926 Q 90.50 New Issues PORT OP PORTLAND Ss, to yMd s.es July 1, 1326 101.50 0OVT Or AR0ENT1RE 7 ts ykltf 7.20)4, October 1, 1923 99.625 Call or phone for details. JjWPLCjM FRcirriAri, cmith Cat.:? EJiR0LLINS5'S0XS tmettmrnt Dondt 0STOM REV vbkK CHKACO SAN FRANCISCO JL LOS MKUXk H. B. McGUIRE NOJCTHWE8T RKPRtStN 1A11VE J 404 COUCH BUILDING - CfHephonecVanhaU 3gS I t.-l Tint fiinfing Oar success Isbasedupon acMeYemenft F.W.BALTES & COMPANY Printers rasranoaK feuaia5uu Stocks, Bonds Cotton. Grain, Etc. 316-317 Board of Trsds BoiUlas OTerbeck&CoobeCo. DKECT PRIVATE WIRES ; TO ALL EXCHANGES Kesahers : Cslesge Board sf ? Trad . CarrespeadiaU of XVofaa ' ik" BryasiT Caicaw - - Xrm Zaxa .