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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Jan. 27, 1922)
THE OREGON DAILY JOURNAL, PORTLAND. OREGON FRIDAY. .JANUARY 27. 1922. FARMERS VICTIMS MONEY KINGS, OF LAFOLLETTE SAYS t ? ciud xw) vVahlrifrton, Jan. 17 Superficial rim erllesi. Ilka thoa which ho sars have ben offered before the nation! agricultural confrrrrv. will not restore agriculture. In th opinion ot Senator Lafolletta of Wlat'onaln. Tha. prwwnt situation, he charged, in a apfHh from the floor of (he cenatc bit Thursday, may bo directly at tributed to the moneyed powers of the country. Inflation, he declared. wa engineered . at them. In an effort uttll further to extend their control over the country and all It renourre. Thin deflation firm hit the Liberty bond holder, he ;ilil. then agriculture and Anally labor all of It adding to the wealth f the few. imiuRr.r.N with harihm; "All that I have read In the addrene f the president and the other speaker lidlcate a belief that the causes of the disaster which ha befallen agriculture are transient In character and do not reach far below the surface," L Toilette declared, "and that nuierficlal remedies will restore thl s-ent Industry to a Hernial llfv I ..:re entirely with thb ylew "The cause of t lie present condition of agriculture lie far beneath the sur f.c and are at the very roots of our economic and politlcil system. Indus try. commerce and finance have taken on monopoly forms and have acquired control of transportation, raw materials, fuel and credit. "Powers of wealth have used their control of government to create special powers and privileges of various kinds Th privilege enabled those who pos sessed them to levy tribute on everyone else. The war completed the enthrone ment of the profit-taking privileges, tm- ter!allsMc group lafollette charge "that the economic atate and the political state have be come so merged" that those nominally In control of the political government . "Care not make a move without con sulting those who rule the economic ' world." RKH0UTI03 ADOPTED The senator attempted to prove that the process of Inflation and deflation was profitable to the moneyed powers. The deflation, which has been going on for two years, he changed, was en- Harvester Company Is Blamed for Crisis Faced by Farmers Washington. Jan. 27 L X. &) Blame for a large share of the- present agricultural crisis was placed today on the International Harvester company by witnesses appearing before the senate committee on agriculture. J. N. Hag&n, former secretary of ag riculture for North Dakota, testified that conditions are so bad that the farmers are facing "suicide or bankruptcy." Pleas that congress pass legislation to guarantee the farmers a fixed min imum price were made before the com- it tee by farmers. Senator Norris. chairman of the sen ate committee, declared he believed the failure of the department of justice to see that the International Harvester company was prevented from violating the anti-trust law was largely respon sible for the farmers financial depres sion. China Throttled by Predatory Nations, Says College Head inina, with her open door, a pro digious grab-bag for other nations, will not catch up with civilization until other than predatory governments take inter est in her. This was the gist of a talk given today at the luncheon of the City club In the Benson hotel by Dr. C. K. Edmunds, president of the Christian college of Canton. "China needs the guidance of nations that will not exploit her," said Dr. Ed munds, "to overcome her inertia. China now Is under a civilization of Abraham's time. The Chinese, however, are mak ing strides. In 1905 there- were only 1200 students in schools under Chinese supervision, while now there are 5.000.000." Dr. Edmunds quoted Napoleon : "When China moves, she will move the world." INABILITY OF INDEPENDENTS TO GET COMBINE AFFECTS STEEL- RALLY IN STOCKS AFTER REACTION WALL STREET QUOTATIONS Furnished by Overbeds Cooke Co.. Board of Trade Building 8al. 1 STOCKS 1 High. 1 Lew. B (Wall Street Journal Financial Review. 1 York. Jan. 27. TJ. P.) Despite farther recovery in sterling exchange which pot it to a new hich since October. 1919. the list on the New lork stork exchange today showed httle reeoTerj tram the reaction of Thursday. Specialties were run up, it is true, but the standard issues aa a ceneral thine -were rather heary for the major part of the season. The independent steel shares, particularly Republic, were heavily sold on the report that negotiations for the steel merger are off. Denials of these rumors tailed to cause any real recovery. Amer ican Ice common made a new record high. Among the specialties that worked higher - were Davison Chemical. Public Service corporation of Jiew Jersey, Remington Typewriter and Columbia tinphapbone. The rails were' steady, with a continuation of buying of New Haven. The market closed irregular. Former Prison Head To Be County Judge Salem. Jan. 27. Governor Olcott this morning announced the appointment of C. W. James of Newport as county Judge of Lincoln county to fill the va cancy caused by the death of John Fo- party. James, recently employed as a deputy in the county assessor's office at , , , . . . . i - . . .. , .... . . -' ituiB naiucii ui Liir gmeerea oy me powers nisi f"""' .iat. nrinn l,r. .Amongthem he. named the federal re servt system. A conference nt a night session de clined to commit Itself to price fixing by the government as a means of help ing agriculture. A resolution was adopted from the marketing committee calling attention to Washington. Jan. 27. (U. P.) A vir tha fact that farm products are selling tual agreement to vote on the foreign bolow cost and less, on exchange basis, I debt bill tomorrow was reached in the than ever before and caHlPK on the senate late today. president and congress to tae stepv to brim about fair exchange valuW (Wall Street Journal Financial Review) New York. Jan. 27. (C. P.) The list on tiie New Tork stock exchange today was reac tionary during the first few minutes. The possi bility of callinc off the independent steel merger negotiations caused heavy selling of all this group, with Midvale makinr an earlv low below 30. compared with the recent high above 33, while Republic at 51 Vi was oft . Bethlehem l firm, however, being unchanged at 60 . Steel common was unchanged at 85 A . Equipments craned off an averace of nearly a point. In the motor group the first sale of S rude baker was as 87 T . up '4 , out tne stock then reacted. Rails opened irregular. The whole list had a brisk rally, resulting in recoveries of a point to 3 points in 8tudo baker. Davison Chemical, Gulf States and rub ber shares. There was an extremely- thin market for liulf States. Inasmuch as Gulf State had not been mentioned as likely to be included in any proposed steel mergers, it is difficult to un derstand why it should be sold on rumors that merger plans have been railed off. The list sold off, cancelling all the recovery that took place in the first bour. Call money renewed at 5 per cent aaainst 4 H Thursday. Ixwer money is expected shortly after the turn of the month. A new pool is said to have been formed in Famous Players common. In the first nine months of 1921 Famous Players showed net profits of $4,186,637, after deductions for charges and tax reserves. This is equal to an annual rate of over $23 a share for common after the preferred dividends. In other words, approximately three times the current dividend of 8 per cent. Rails held up better than the industrials and the oils. New Haven vi again the feature, sell&ig at 15 S . up . The strength in the carriers was attributed to increasing indications that further reductions in freight rates will be held off by the interstate commerce commission until some relief from the present wage scale is definitely in sight. Foreign Debt Bill Approaching Vote 'Rooks' to Police ms atO. A. C. FOKEIG5 COTEB5ME5T (Furnished by Overbed. Cooke Belrian rest 5 Belgian nrem 5 Pc'jtwn 7 Hs. 1945 . . . Il(rian 8s. 1 i4 1 Belgian 6s, 1925 Brazil 8s. 1941 Rritih 5s. 1922 Brit'-h 5s. 1927 British 5s. 1929 Briah vky 4 British ref. 4s Bordeaux 8s, 1934 Canadian 5s. 1937.... Canadian 5s. 192ft Canadian 5 Ha. 1929.. Canadian 5s, 1931.... Canadian 5fcs, 1927. . , Chinese 5s. 1951 Chilean 83. 1941C Currency Denmark 8s. 1945 . . . Dan. Muni 8s. 1945... Frerch 4s. 1917 Fr.nch 5s. 1920 French 3s. 1931 French 7 H. 1941. . . BONDS A Co.) .... (Adams .Express . .... (Advance Rum . . lOOOiAgr. Chens. 400 do pfd. 3600jAjax Bobber . . Alaska Gold ... 800Alaska Juneau . . 2200! Allied Cher. . . 1200AUia-Chlmer . . 200) do pfd. 100 1 Am. Beet Sugar. 400jAm. Bosch 6400, Am. Can Co.. . . do pfd. 200Am. Car A Fdy. 100 do pfd. 1400Am. Cot, Oil... 100 do pfd. 100 Am, Drug Synd.. 200 Am. H. A U. . . 800 do pfd. 3000 1 Am. Ice gOOjAm. Intl. 'Corp.. 700!Am- Linseed . . . 100 do pfd. lOOOiAm. Loco. ...... ....-! do pfd. . . . 4 00i Am. Saf. Razor... 200Am. Ship. A Com.. 1500 Am. Smelter .j do pfd. It Am. Snuff 500;Am. Steel Fdy 5 TOO! Am. Sugar 200 do pfd. 5400 Am. Sumatra 3200 Am. Tel. A Tel. . . 700 Am. Tobacco 1300 do B 3100 Am. Wool do pfd 100 Am. W. P., pfd. . . 300 Am. Zinc 7600 Anaconda . ...... Associated Oil . 1 500 Atchison 600 do pfd 400 Atl. Gulf A W. I. . 7700 Baldwin Loco. 100 do pfd 700 Bait. A Ohio loo do pfd 5500 Beth Steel ,B". . . 110O1B. R. T , 1300 Butte C. A Z 3700!Butte A Sup , 300 Bruns Bros. 100 Caddo Oil 300 Calif. Packing 300 Calif. Pet. do pfd. 1300 Canadian Pae. . . . 300 Cent. Leather . . . Cerro de Pasco . . 1900Chandler Motor . . 700Chieago A N. W. HOOjChgo. Gt. W COO) do pfd. 5000'Chili Cop 00 Chino 500 ;C. M. St P !)00j do pfd. 2000!Coco-Cola i A O. 300iColo. F. A I Colo. Southern . . 1300;Col. Gas A Elec. . 32400 Columbia Graph. uuo;t:on. u 33 58 14 ' 58 42 90 H 36 36 38 S 145 117 80 42 5 13 59 87 40 31 56 105 33 58 13 ""' 58 41 90 36 35 36 iis" 117 19 42 5 13 59 84 39 30 56 104 8-46 4 8 40 I I "so 64 63 91 I 91 I 51 1 11 57 13 58 41 90 36 33 86 95 144 117 19 42 5 13 59 85 40 31 56 105 .113 I 4 TOWN IS CLEANING IIOrSE Montesano, AVash., Jan. 27. Monte sano Is In the"throes of a civic houne- lZ'u i. 10I? " cleaning in an enon 10 lower insurance I German w. L. 5s. vi , n T" ..n.-V.n.1.. ( .. .. . . 1. I I..i:H Am I'rirViTMICI O T II A I! I with u-nhs nhnvol rr roVi lyol I Hamburg 4s . iiie oi.ie i le uispecior win frrant a re- 1 i.eiiwic as Orecnn Agricultural College. Corval- duced rate to Montesan if he finds the 1 Munich 4s lis. Jan. 17. Freshmen, or "rooks as I town clean when he arrives next week. J"1"1 os Frsnkfort 4s lu'.ian 5s. 1918 Jap 43, 1931 they ars commonly called, will hereafter nolle the campus the second and rourtn 44 CENTS COST OF PLACING Vrtdays of each month, by order of the EACH MAN, WOMAN ON JOB U" 4- 125. r'!";"c J?mr:y:U7h.;:i I,! Forty-four cents was the cost of plac- xTrww & "i40 . k JT .M iCIrl I. n nmln lnR one man or woman In a position Russian 5s. 1921 .chedul. to avoid work li 1 jomlsed ik.jL w. ri by the chairman of the committee. , " th. t -l?i -Rooka", will henceforth occupy tnei" : , 1 swim oa. , r.Ah, nA of the basketball faKency' 8lawa ,n nls annual report niea Swiss 8s. 1940 rS?W!-5lim .n-J -J? tJ ! It"'" morning with C. A.-B'gelow, com- Ran Paulo 8,. 1921. misaloner of nublic affairs. The ronnrl C- K- 5s, 1922 states that 22,953 vacancies were filled by the agency. ourta. and will not be allowed to sit iit the sideline seats until other class men are In their places. TJ K. Hi. 1 929 . U. K. 5s, 1937 Bid. Ask. 68 71 74 78 107 107 105 106 95 4 93 103 104 86 Vi 88 86 ; 88 84 85 69 71 65 67 . 80 81 93 96 , 97 97 4 . 98 98 . 97 97 . 96 97 44 44 . 100 101 8 ft Vx ;'l08 108 . 106 107 . 49 50 . 72 74 . 63 64 . 94 94 . 100 Vi 100 3 4 4 4 4 5 4 V, 5 5 6 5 V4 7 5 6 6 7 5 6 . 33 34 . 73 74 . 87 87 . 86 86 . 109 109 . 17 19 4 5 . .17 1 9 . 97 97 . 114 114 . 101 102 . 1 00 li 1 00 . 100 100 . 98 93 100 100 100 '9666 2700 Cons. Cigars . . . do pfd. ContL Can Cities Ser. Bkrs. Com Prod. . . . . do pfd. Cosden Oil 31 116 132 128 82 27" 13 48 '96 87 28 H 95 106 34 54 61 Vi 9 6 25 116 10 69 46 iis" ' 31 59 63 6 15 17 26 18 30 43 26 vi 68" 2 87 27 61 55 18 103 900jC. R. I. P. . . 30 116 131 128 81 27" 13 47 95 85 28 94 Vs 106 33 54 59 9 5 24 115 10 8 46 i22 31 '59 r 63 6 14 16 26 18 30 43 ' 26 67 1 85 27 61 55 17 101 "aies STOCKS 700Int. Paver 290ilnvincible Oil 2 IOO , Island Oil .... IJewei Tea 200:K. C. Southern . . . ) do pfd. 800; Kelly Springfield 3600;Kenneeot 3100 Keystone Tire ... 1400 Lack. Steel .... Lee Tire 300 Lefcjgh Valley . . . . . . . Lorulard 2100 Loew Theatres .. IL. A N 100, Maryland Oil . . . . 100May Stores 8500Mex. Pet 700 Miami 101 06, Mid. States Oil." 13S00 ilidrale Steel . . . 7 7 OO Martin ft Parry., 1900 M. K. AT. Wi. 1 High. J Low. I Bid. 48V, I 48) 48 LUMBER DE MA! 14 I 2 '22 87 " 28 16 46 V, 58 "i2 ii" " 1104 till 27 V 12 30 32 8 69 13 13 2 100 do "A" pfd. . 700 do "B" pfd. . 4800 Crucible 200 do pfd 2000 Cuba Cane .... 2800 do pfd. 1900 Cpban-Am. Sugar 400 Del. & Hudson. . 400Dome Mines . . . 400 LeL A Lack 41700iDavison Chem. 400 Kndicott Johnson 30ifcrie 7001 do 1st pfd. . . 1900 Elec. Ste. Bty. . 87 00 Famous Players . . . . 80 IFed. Min. A Smelt. I do pfd. . 200;Pisk Tire 1 12 Vi Gaston Wms. lOOjGen. Cigars 68 l-JlUlien. Klec 142 24900Gen. Motor 8 luuii.icn Alden 1 45 Vi uu.rtn. Aspnalt .... 57 200;Goodnch 36 Hooayear . . . . 700Gnmby 2000Great Nor. Ore. 33 31 V, 86 72 61 82 9 22 18 H 107 21V4 112 62 79 8 12 143 600IGret Nor. pfd. 200!Greene Cananea 6400(Gulf S. Steel. . . 200 Hask Barker 300Houston Oil lOOOlHnpp Motor BOOTLEGGER FINED $J0 Joe Capelll of Bertha station O. 5. 0riCIAL HERE W. I. Kenney, vice president and di rector of traffic of the Oreat Northern II A . . - .lfA. bhnt rsnro.ii.jP .n,, -r- - .""" ,. K n.-t n.h mMiMnw I Bat Ohio Cold 4s time Thursday evening, en route 10 n:s - " , Beth. Steel Ref. 5s headquarters In 8L Taul after a western ""crnoon for having liquor In his pos- I rent. Pacific 1st 4s .... I KoaaK t A wa 1 1 la u.ms Mali t' 4U3-J lea n a dir. Inspection tour. During his visit In NEW TORK BOND MARKET Furnished by Overbeck A Cooke company. Bid. Asked. Oregon h made a tour of the 8. r. & S3. Ilns to Seaside. nil X1LTKNBERUER B CRIED Itlilsboro, Jan. 27. The funeral of Mrs. Mary 8. Mlltenberger took place Monday at 10 o'clock at SL Matthews church rsqulem mass being sung by Rev. ). C. Coelello. Mrs. Mlltenberger was ! ysars of are. session. This was Capelll's third ap-lst. rani Genl. 4 Vis pearance before Judge Pelch. Deputy I N. W. GetU. 4s.. 5 ....... . found a 12 gallon sUll, two gallons of Northern Pac.' P. "ll"4i! finiHhed product and S50 gallons of I Union Pac. 1st 4s mash. TT. S. Steel 5s. . . .... . union fac. 1st Kei. s. . Southern Fac. Cone. 5s. . Southern Pac. Cone. 4s. . Penna. Conv 4 s Penna. 1st 4 Vis Cnes. A Ohio Conv. 5s b. r. wooslet White Salmon. Wash.. Jan. 27. B. f. I Woosley. 82. veteran of the Civil war. died at his home here Monday. He was I ore. Short Line 4s. . wounded three times during his service. I Allied Packers 6s. Wla third wife and 12 children anrvln I Ann. Can 7s .... He had lived her 12 years. Members Amn- 1 oio 4 ' 1 01 me American iegion acieo as paii- Anaconda 7s 1929 88 78 V4 92 83 62 83 90 Vi 27 86 91 100 85 V, 94 88 96 87H 85 i 88 69 V 94 93 101 101 103 MJmKD A1 TO RECOVER Albany. OrM Jan. 27. Owen '1-acourae. fUlem young nan. who suffered the loss b t the funeral and r,. 0, SUll- Anite-Amn. Oil 7i'i925 .. ... "y mr,x " 10T' man of the Congregational church offi- r s l'- - "2 I'aclflc yards Wednesday -i-.o Cudahy Pack. 7s. 1923 lOOVs 1. ..nn- ..... . . tv. I IGen. Klec. L)e. as ioz ' niuu i iv 1 1 ,h 1 v... ........ ft THAW RAISES STREAMS Kennerott Cop. 7s 1930 100 pita! and his recovery Is expected. physician reports. his Fossil. Jan. 27. The snow in mountains has been melting, causing the Weatinghouse 7s 1931 ,.-..ei, ,,t n,.. .1, i,tA I West. Elec. 7s 1925. MISS NORMAL FTNK funeral .ervlcea for Ml.. Vnrtn.i overflow of Butte creek and Cottonwood Kunk. who died Thursday at the home of I "reams. ber parents. Mr. and Mrs. William II mnk. 64. H Kast Tourteenth street, will be SEASIDE INVITES BEEKEEPERS RnM Etnr Ts 1927. . 98 the sun. Oil Cal. 7s 1931 106 106 est, Elec. 7s 1925. 104 88H 79 94 84 62 84 90 28 86 91 101 87 96 88 96 88 86 89 71 97 94 101 102 104 102 101 99 97 100 V4 99 V4 107 106 104 STANDARD OIL STOCKS (Furnished by Overbeck, 200 IUinni Central . . . ' 700 Inspiration .... Int. Agr. Corp. c . . 500 do pfd. 200 InterboTo 400 do pfd. 22D0 Interstate Callahan. .... Int. Harv .... Int. Mer. Marine. . 1000 do pfd 30 31 73 26 69 83 73 12 100 V4 65 65 1000 Int. Nickel 12 12 32Vi 31 Hii 71 60 Vi 81 9 20 17 5, 107 21 111 58 78 Vi 8 12V4 140 78 12 68' ' 141 8 44 55 V4 36 Vi " 29 31 72 26 65 83 73 12 100 38 Vi 36 37 2- 7 6 5 evi 81 81 8 46 8Vfc 112 30 64 91 31 116 182 128 81 104 27 13 47 99 Vi 96 86 Vi 28 Vi 95 ion 33 r.3 6o 9 5 24 115 10V4 68 45 85 123 80 33 59 63 5 14 Vi 16 26 17 30 43 55 16 4 38 H C8 2 86 Vs 27 61 52 18 102 112 33 31 83 72 61 81 9 18 Vi 18 Vi 107 21 111 60 79 8 12 142 78 9 38 12 68 141 8 45 56 36 Vi 1 1 29 31 73 26 68 R3-; 72 12 100 38 Vi 8 36 2 6 5Vi 81 13 5Vi 1 12 13 2 11 22 54 86 S 28 16 45 27 58 147 12 110 24 104 111 27 11 SO 31 8 68 13 16 V .44 63 54 Vi . . . . J30 35 35 87 i 87 14 14tj 32 "ii 28 15 3J "is" ii"" '24"" 104 110 27 11 29 Vi 31 8 68 13 44 54 76; 26 I .... I 74! 20 10 7 64 37 45 51 45 34 69 4 20 V 33 14 98 V 76 23 58 74 2 5 20 10 7 -i 64 36 45 51 IS NCREASNG JOOiMcnt. Power 400 Moot. Ward .... Mo. Pacific 700 do pfd 45 iM. St. P AS. 8. M 6300North Amn j 56 .... Nat. Biscuit i 600Sat. Enamel . . . . j 36 600XaL Lead t 88 lOOjXev. Con. 14 ,300, -New Haven i 15i 14 (Norfolk A Western.! i 1300'Nor. Pacific 4 00! Nova Scotia Steel. IN. T. Air Brake. . 700jN. T. Central. . . . iOOiOkU. Prod., ref... Ontario Silver 100,OnUrio & W lOOjOds Steel 1 00 i Pacific Dev lOOjPac Gas A Elec. Pl'OjPanta AUegre . . , l!O0!Pacific Oil HOOjPan Am. Pet. . . , 300 do B. pfd. . . llOOIPenna. SOOjPeo. Gas 400'Pere MarqoeUe 1200;Pure Oil 200, Phillips Pete 29 I 29 I 29 U'OO P erce-Arrow 15 7. 15 j 13 HOOjPieree Oil 9 V 8 9 100, Pius Coal 59 5 39 900 i Pius & West Va. .. 23 23 I 23 200 Pressed Steel Caj- .. 63 63 63 uu:r-uuman Ill 'a 111 SOOjRay Cons 14 14 Vi 1200jReading 72 71 3500!Remkigton 31 29 ir00;Replogle Steel .... 31 30 SlOOiRepublie LAS... 51 49 500j do pfd. 85 Vi 84 Vi 600;Rop. Motors 7 7 600 Rojal Dutch OU .. 50 50 lOOjRy. Steel Spg. 95 Vi 95 V Saion Motor., 1000 Sears Roebuck 61; 60 SO0;Slirtuck. Aril. ... 8 8 Shell T. A T i 3iiO5ineiiir lfiOOjStand. Oil lnd. K'OiStand. OU X. J. 100Sloss-Sheff. . . 76 H 26 I 73 V 2 20 ' 10 7 64 36 '4 45 50 45 I 15 '.t 34 1 34 ' 68 I 69 20 I 20 33 i 33 111 14Vi 72 Vi 31 V, 30 H 50 84 Vi 7 50 95 Inrroaswtg demand for lumber la shown In the record of shipments from aailla of West ern Oregon and Western Waahingtoa for the week ending January 21 by the bolletia ot the West Coast Lumbermen. association. New bosines received during the week shows an increase over the previous week and produc tion during the period was approximately 19 per cent below normal for the season. Output 01 13S null pamopaiing in the re port totaled 70.643.84 9 feet, according to the bulletin. Bales amounted to 65.544.021 feet and shipments tutaled 73.200.838 feet. New boarness was 7 per cent below production and anipments 6 per cent above production. largo shipments for the week aggregated S9.S3U.838 f-et, or 53 per cent of the total movement. Of this amount 28.S45.8ti9 feet was in eoastwiae and intercoastal shiiiment and 11.175,969 feet in export trade. Rail hit ment amounted to 1189 can. The unshipped balance in dome tic cargo trade amounted to 84,151.524 feet and in export trade the bal ance totaled 83.813.747 feet In the. rail trade nnshiiped orders totaled 4 313 cars. Orders for future water delivery absorbed 39 per cent of the new business taken during the week, or 25.524.621 feet, of which 18.073.048 feet will move coastwise or intrcoatal and 7.451.573 feet goes to export trade. Rail shipments included in Dew bus Deo. totaled 1334 can. FORD WOULD CUT COST OF FARMING Board af dirartor. t G. U HaUei. K. A CttBtaas. L. X . A A. ver. iwkw B. I sis. Itr. J. Kalian! aad C U towk. Waat Better Sklpplag laetnttes Kaleam. KH.. Jaw. 27 I ladnMkl-aer K'A A WraMt emtMy bas tued wttn i w awl us Milium mm aiaptteatiMi far b-nler abtsv tartiraea ever 1st SMUim Parsfar at its i4aat as lsdeprJstrr lyomu Mica.. Jan. 5T. C. A nouBoratent was made today at the Ford Motor Works that the prvw of the FoedM tractor had been redared to ISSS. This a rat f IZiO ABBoamcement of the iwduettea was made bs Ford in a wiwte statement hrtwV-ated t. farmers of the country rrom the NorUriile sta tion here. "I have been a farmer all mv hfe." Firi aid. "and now I am diis everrtkbic pnMhle to rut the cost of farming I think it will beU the country to make farm machinery cheaper as vprtnt 4s romina on." "Production rwta of farm product are Mil too ckwe to selling prices to aU w a fair margin of profit." Ford stated. Ford told the farmers tfirv woald have tn put their business on a paring fcuu by lower inc the coat of pUnting. cultivating and harv4 ng rropa. TTita alone wia inrreae profits." he stated Ford said that, in ru.t-.r.s is. orlr of tr.-- tors aear.jr 50 r cent. tie rmpanj had "tskm upon itself a gigantic ; k of rednr.r m-ne facturiug cqata. but whVI: ir nj( greater than the fanners' problem of t t " COLI HB1A COrTT 8T(M ai GROWERS FOR H0 I TIOV Dartoa. Was., Jaa. 27 Kiork imrs s? this rwty bave f iiissi I an smtuumi aa few kawwa aa ta Uowsks t mu twvesw k a isisria Uoa, and as Tvnitir eierud lSr oftsorvs. wM '.use be sanpi red to Ura . -4 ar- . lews and te name a board of rtiivctars' bSTiaa Rrcugtikm. Jr.. .re.hit ; H,r7 Itrlan). scw ' 1 1 ni pat ; A. A Mm.:, lerim. J M Urwts, arrretarr. Tike latitat .,1 uurTmMmVi lring a ttwuirk c-.uiwt t t ruat fair, .ill 4aa Hvmark t vw isae aa mrmf rt m t.'r vidimus for -'. -mrjauauat tne roanty and will .! tm.ui; haaaaet ts f ring kocetber nrrysae IntemsrO m ih cy iwrabred atork- 2200,Sou. PaciHc 700;Sou. Railway . 4 00Stand. Oil Cal. 200jSt. L. A S. F. 200 Smjniberg Carb. 1010o.Studebaker . . . i. Swift A Co. 19 85 176 40 SOTs 18 93 21 Vi 38 89 i KlO 500, Ten. Cap. A. Chem. 1 0 i fi 7 00. Texas Oil 6500 Texas Pacific . . . UOOITex. Pac. C. AO. 1800 Tob. Products . . . 900 Trans. ContL Oil. 900 t nion Oil DeL . . . lOOOVnion Pacific ... 100,1 ruled Alloy 100'Cnited Drug . . . . 8100I mted Food Prod. 140011'nited Fruit lOOjCnited Rds. X. J. Cni.m B. A P . . . 2300,1'niied Retail Stores 2 5O0IC. S. Ind. Alcohol. 39001U. 8. Rub lOo! do 1st pfd. r. S. Smelting 6900,'r. S. Steel. . . 5001 do pfd. noO Ctah Copper 700 Va. Chem 300 do pfd 2600 Vanadium Steel . . 100 Vlvanitou Wabash do pfd. do B pfd '. Wells Fxrgo Western Pac do pfd Western Tnion . . . West'gh'se K. A M West. Md Wnite Motors 400jViUys-Overland . . . .... I do pfd 200jVilson Packing . . .... Wisconnin Central. . 200Woolworfh 1300IWorUiin(rton Pump. 200 W. & U E 16001 White Oil .... (Money 43 27 24 63 10 18 18 84 176 40 80 17 93 21 38 ss 100 10 43 27 23 63 Vj 9 18 S 127 H 1 V 600 1000 ' ioo 400 400 '466 400 26 Vs 70 Vs 7 127 8 54 42", 53 100 1 85 117 63 30 V. 67 34 6 6 Vi 19 Vi 77" 15 52 50 38 5 32" ' 26 V,, 70 8 120 8 ' 53 42 52 100 85 61 8 36 19 84 176 40 80 17 93 21 39 8S IOO in i 43 27 23 63 9 IS i 126 H 26 V, 70 6 126 i 8 6S 54 42 53 Vi 99 33 8.1 I Thirty Wells to Be Dug on White Bluffs Settlement Project Olympia. Wash.. Jan. 27. Call for bid. for the digging of SO wells 00 the White Bluffs Hanford soldier settlement proect were imed today by Can L. bimif. supervisor of reclama tion. The bids are to be received at the office of the project manager at White Bluffs up to 9 o dork on the morning of h ebruary 3. Specifications rail for the wells to be dug five by six feet in sise to high water mark, a depth 01 approximately 40 feet, and for in stallation of curbing to be (umistied by the department, also for installation of a Udder in each welL The wells are to be completed by March 10, 1922. Separata bids also are railed for completing each or any of the welU below high water mark and testing the rapacity of the same, the lrt to deliver from 2j0 to 500 gallon per minute and to run not ve than six hours. miletitjun of Uiis contract is tu be not later than April 1 5. NEW INCORPORATIONS Salem. Or.. Jan. 27 Kni-rtlrrartilarv artirWe of tnroriration r-hangtn; the name of MeMlna nil, eollerr at MrMinniUe to I.inf; 1 roll-av V ''led with the state oogmratioa department urrv inunutj. The Home of Port and fiWd sapr4eaeritari artW-les changing the name to ti.klrr-B Some Two article, of incorporatjoa were filed Thurs day, as follow-. Holman fndevtaJring comnani. Portland. OOO: Mabel M. Holman. F ilkcs sad liirnu Kontte. Children's Fsrm H .me tV r T t'.. A hi.j. raiital ncmiial: AHrd Va it, Albany: H. I . Sr)svsif. I oriillu. ia.y M lnwra. Kliedd: W. K. Taylor. Cor.ailn. H Hirschbers. Independence, A nev-.ificate was filed by the Gardners' and Ranchers' lam lauon of Portland showing aa increase in cajiitabaatioa from 333.350 to lIJO. 000. 1 16 I1 16 62 ! 62 V 29 Vi 7 Vi 33 6 6 Vi 19 Vi 77 15 52 50 38 5 V. 31 Vi 143:i43 47 6 8 r. 4.1 6 7 Total ssicM storks, bonds. $19,179,000. 29 67 33 6 H 6 Vi 19 12 77 15 52 90 Vt 50 8 38 5 27 V 31 2.1 143 47 K 6 7 5 Dlfflcalty la Raising; Boass Twin Falls. Idaho. Jan. 27. In the event of failure of local plana to build tlie Idaho Central ruircad from Twin Falls to Wells. Nev.. roller i, lining interests of t on tact, Nev.. will build it aic.rding to a statement issued her today oy a rvire-4utative of the 4 untaet miners. t onsider able difficulty is f nro-jntered in raising the re ijuired bonu of DOO.OOv. NORTH PROVIDES FOR SALE OF IMPROVEMENT BONDS North Bead. Or.. Jan. 27. The city council of North Bend ha paMd an ordinance providing for the sale of improvement bonds to tha amount of 344,94 8 to pay for the improvement of tha streets where property owner have bonded. Further ordinances were considered to require all property having accew to aewers to be connected with the sewer system and to regulata tha keep ing of within taa city limits. Med ford Irrla-aUoB District Boads Salem Or., Jan. 27. Tha Medford Irrigation district Las filed with the state irrigation and drainage securities commission here an appli ration for the certification of 4 50. OOO in bonds. The proceeds from trie sale of tliee bpnds i to be used in completing construction work on the project. The balance of the 1 1.250.000 i-sue voted by this district baa already been certified. 5KW DIRECTOR! EliriHi BY C RAT. HAUBOK UtiKTME Moatio. Wash.. Jan ;7 -Bar cicrked the aann.1 WMvtini of tir ' r Harv laarrvsBen's aMoristtasi m il uii ulay. T hasosrtiaB of the avortation a. .i tmaartaat ltoprrty. the 1'nstwi liairy of .tiw-Wu. was fcrft Uie board of dirvrUrv T -M is c aiaa enag offers of S K line.. o..--r -u Mas-r.-no Creamery. t bo or la-- the 4tj . At I rramt s Is Mmiai it Sea dttartom tWtsl ttai are VV J K J Krwikmv. W. J V ruam. stn Tr a sun aid Jsne C"ark luuemg diM-u are: i iisrta K. UM. ". M 'sH-nteai. J P sirnr tHij. A. M VaieaVae and fs-ier II nmr'. T". aew toard will meet Hoa to cert t:e enerai .nr of t;.e aaaonatsosi .tieronftn 1u liarr) m, (.reornu Um aadrt af tiw wuniu. boot. Ik wad the ergamaaUrm to he la a aad f Junrsal si ipr. MOKtK KTBEF.T RAII.W AT I IM i HI AT B V. tMtI IIUTE i ka!. t.ti . J.a 2T Ati lair dlmeart l-at V. t lifc-kl it- Trtl.la l the i IMS.)' I . la'rll -t. of t5 iti rallasj tin1 f t trta- I Wirloa Ve!T I i rini wi in . i at .)lrwi ha l-n rraiavrd aad IN a-cw.rwaw ava tn-um lr.) '.. rr 1 a f-Tld tnmria. tirei n as foia,! ww.t-) ft lite W atiaagm -i rotaian) w laif it i!a,a out frcaa a. -dT tu rrttrrel worifi aivj t-Sis raanrad aaga ttior witb fiaaiv-ui irturt In Xew Tartu ITaudent 1 1- Hun irn j, .4 tne Usiaswaa. VI ater Power coaipaay me the abaee ssala- aieat- BfLAND srCCETDS COMING AS KELSO BANK PHEblDENT Kelso. Wash.. Jaa 27. The Firat National bank elected G. U Buland of Caatle Back president of the bank to sacread Mr. K. M. Cal lings, who resigned on accounl of nts persoaal affain requlnng all of his pvranrial attewtion Offkcen. of the bank are aa follows Poland, president: L C. Wallace, noe-tirawrli a C C. Baahor. cashier: W. K. Ktoaa. aasutant be bigger tbaa ever tiakaa Paaltry rVbaw Great baeewaa Spraaaa. Wash.. Jaa ui a wiaatsmul caa balaaea feom the 12 pualm atacw at t-a Hiokas poultry Brtce aaanriaUoa. taaaa t tbr 1923 aSow have a:raty beew ataru. wttb -irrt asssii-1 from the Ajasm aw PaaNrr aa- , mmuoa "Tata risr i abow i prwvaa uiaa m I Nt rthwart will sap;rt the rmln sndanrr ."4 L. I ctjckea iriowv" said J D. Hareatt. 1 1 mrliat mi t tr aMonaooa "I feel tbal Ua 1:3 aaow 'i "11 Albany Has Money la Treasury Albany, Or., Jaa. 27. Albany'! financial con dition is good, according to the report of City Treasurer E B. Williamson for 1921. Tha treasurer reports a balance of 320,724.67 at the end of the yttr in the treasury. 526.300. Total sale Grain Men la Session Spokane. Wash., Jan. 27. The sixteenth annual seasion of the Orain Growers, Shippers Millers association is in session here, presided over by Dean K. C. Johnson of Washington State f college, president, li W. W hillock, grain supervisor in charge of the I'acilic loa-st head quarters for the t'nited States department of agriculture, with offices at Portland, spoke Wed nesday night. University -Paper Gets Radio Messages University of Oregon, Eugene, Jan. 27. The apparatus for receiving radio mes sages for publication in the Oregon Daily Emerald, official student publica tion, is being installed In the Journalism "shack" and will be in complete opera tion within a week. The first messages came in Wednesday night. News will be received from other colleges and uni versities of the Northwest PACIFIC COAST BANK STATEMENT Portland Banks Clearings Monday.. S 5.145,522 Balances Monday... 1,193,068 Clearings Tuesday. . 4.470.405 Balance Tuesday.. 712.035 Clearings Wednesday 3.760.356 Balances Wednesday 802,842 Clearings Thursday'. 3.839.318 Balances Thursday. . 830,275 SERVICE CLUB ELECTS University of Oregon, Eugene, Jan. 27. Ralph Sparrow of Eugene was elected president of the Social Service club of the campus Y. M. C. A., which is com posed of students who Intend to devote their lives to social service. Cooke A , - .it - I .-..,.-.-.. ... . . . .... ...u..... ..uu i . n ; .1 niu at o ciock puiurnay nn the I seaside, Jan. 37. Mayor Mura I Anglo 17 V nm-x funeral cnapei. Mian Funk I wired an Invitation to the Oregon Bee- I Cttreseferougti ixu to I" yaare old. had twen in the employ of I keep' association at Pendleton, ib Iortland Sed company for 10 years, hold Its 1923 convention here. PERFECTS NEW PIPE JOINT v . . L.lUl.VUI.'.'iWiMUUU do pfd- 106 F.ireka 82 Galena, e 40 di Old pfd los do New pfd. 100 IMfoU Pipe 162 Indiana Pipe 88 Northern Pipe 93 Ohio Oil . 93 awmaaawsammmmamammmaslmnBWawmMmswg k"B X Penn. Mex, Scuthem Pipe . . Sccth Penn. OU S. O. Calif. . . . S. O. Ir.d. S. O .Kansas . . . 8. O. K-ctncky . S O. N. T. S. O. Ohio dr pfd. S. O. X. J S. O- Nebraska . 17 82 185 93 84 580 4 55 362 390 114 176 165 Co) Ask. 174 183 110 83 42 107 103 171 90 95 95 19 84 190 585 465 365 400 115 175 FISHERMAN FINED Tillamook, Jan. 27. Fred DeFord of this city was found guilty of unlawful fishing with a net above the dead line in the Kilchis river by a jury in the juntice court. Justice Stanley imposed a fine Of J100. 4 n . . -.k . "4Mlkst, t -V. 'C- "-"---. -VM JjU....,-- tl. ' 0 LIBEBTT BOND SALES ( Reported by Overbeck A Cooke company 1 . Open. 9662 High. 9668 Iw. 9624 Liberty Sti Liberty 1st 4s Liberrv 2d 4s ... 96 9660 Liberty 1st 4tl 9746 9760 Uberty 2d 4 Hi 9674 9nS4 Ijberty 3d 4 Ha 9750 9754 Liberty 4th 4 Ha. 9888 9694 Victory 4is 19026 10030 10020 10022 Victory 3s 10028 10028 10024 10022 9600 9700 9602 9714 9610 CI 9614 9680 9600 9700 9600 9710 9612 ' Tw yeara ar.rri with the city aewer fnpertioa rang-a ggia Guatave Hail an I dew for making; a, water tight Joint for lpea. This rv ha worked on for one . yaar and last waek held a teat of the Joint which fraaecl that It waa ntrona-er tha a thw pip ttaolf. f'4 By tho ana of a npevlal v and 40wtaa ai th ooda ot Um p. awctioa Bid. Arii.Com. 8 Adventure 56 Ahraeek.. 3 Alcmah. 20 Allooeg.. St Arcadian.. 2 B himMj. 13 H Italakaha. C A A. St C. A H.271 N. Cora. 18 Vi Centrasal .... Oop-Rce. 43 I. Oaly.. BH 3 Butte.lt 3 3 potinds of water pressure. Through a iSreek holo In the outeide joint cement is Keewr ii poured In around the bevel and arroove cSi 2 una: tn connection. At the trial last 1 1 Ball.. . U we.k tu hbj homo. Ill Sixth atreot kJ MWii. S Joint Veld after tha clay Dip. fractured I if "2"- BOSTON COPPER SHARES Furnished by Overbeck A Cooke Co. A.k.1 Bid. !Mann Tal. 14 GasUv UmXU city ewnpeoyf, and kia new InTmUon of protiqw f or maklnz wratrr-ticrit pipe jotnta. Jotnt packlii: wttliBtootl prrssore of 100 pounds. J i Hall made a Joint that withatMwi inn ium.-' 75 64 H- 25 S3 3 ' 1SH 275 18 12 44 814 2H 11 w - s 2 T5 83 1H X. Butte. 12 Vipissing . . 6 OseoU UncSS Obijawa. . . 3 Pond Crk 14 H Isle Rrwal 25 S.'.Iae. . 44 S A 1 13 35 V S 1-16 15 26 W 45 H 2 Ik 2 2Ti ' S -68H 'I' S. Boston. 1 1-16 1 4 t.Shoe. at 37 38 do pfd. 2 27 . Ctah.. 3 5 8. Cop... 2 3 TrimtyCop. I 4 Taohmuse 62 66 rtahMetam 1111 1 U.54. M. 34 SS do pfd. 43 44 Ctah Apex 2 Tirtoria... l wmona.. 40 Wolverme It Wyandctt 33 Kavka.. 26 Drabica. .. U.Vde.D.. , a C.TnlelSz. 29 60 It o 27 1 29 GRAMMAR SCHOOL CLOSED TUlamooK. Jan. 27. The Tillamook grammar school, closed Tuesday on ac count of a case of infantile paralysis will continue closed for an indefinite period because of the condemnation of the boiler for the heating plant. It will be necessary to install a new boiler before the building can be heated. 5.215.211 1.620.541 4.770.761 857.559 4.108.892 776,218 3.195,643 424. 5S1 3.961.605 975.129 Clearings Friday . . 3.787.746 Balances Friday ... 708.674 8an Francisco Banks Clearings Friday $18,500,000.00 Seattle Banks Clearings Friday $ 4,938.000.00 Balances tTtday 1.330.804.00 Lea Annul rw Bank. Clearmgs Friday $13,068,065.00 uaaiana Banks Clearings rnday $ 1.885.100.00 Adams Estate Incorporated Hocraiam, Wash.. Jan. 27. The U T. kA ams estate has been incorporated with a capita stock given as 500.000. W. L. Adams, Elisa beth Adams and William Lamoreaiu are named as trustees, or stocinolden. Mr. Arim. i. . pioneer of this city, and is president of the First . iuuiuu Dans. Bankruptcy Stock Closed Ont Wallowa. Or.. Jan. 27. Th hmlnmt isw.k 01 uie auey Hardware company, formerly owned by Manon Womack. wss closed out this week to the highest bidder, F. J. Skola. Several bids had been submitted. His bid being about 50 per cent of the invoice price. Money and Exchange Xew Tork, Jan. 27. (L N. 8.1 Call money 1H1 the floor of the New Tork stock exchange today ruled at 5 per cent: high 5 per cent; low 5 per cent. Time money was steady. Kates were 4 W 4 per cent- The market for prime mercantile paper was steady. Call money in London today waa 3 H per cent. Sterling ex- hamre waa strong with business in bankers bills at 34.24 for demand. Caatle Rock Bakery Sold Castle Rock. Wash.. Jan. 27. Walter U Eickrrt has sold his business, the confectionery and bakery, to H. 11 Hobaon of Carlton. Or who takes charge at once. Kalama MCI to Commence Sawing Kalama, Wash.. Jan. 27. Belts are being hung and adjusted at the mill of the Columbia River Milling company plant in preparation for the commencement of sawing ebruary 1. Foreign Exchange Market New Tork. Jan. 27. (U. P) Demand Stirling opened today at 34.23 H : francs. UM; hrr. .0443; marts. .0049Vt The li-it closed strong. I remand 4 24 ; francs. .0819; lire. .3442 'i .0050; kronen, .1995. stmng marks XAMPA SHIPS CARLOAD OF HONEY TO CHICAGO MARKET Nam pa. Idaho, Jan. 27. According to reports rearhinz here, a rarioad of extracted honey shipped by Henry Kleck of Paul to the Chicago market, was sold last weea lor soou, tne proa uct reaching the market at 12 cen'a per pound The ahimnent contained close to 40.000 pund which is the season's returns from approximately 400 stands of beea owned by Mr. and Mrs. Kleck. FUR RAISING TACGHT Oregon Agricultural College. Corvallia, Jan. 27. How to raise ekunks, silver foxes, raccoons, mink and other animals fot profit is part of the new course ir. fur farming being taught at the college, under the supervision of H. M. Wight, associate professor of zoology CHARLETS H. EL8WICK Brownsville, Or.. Jan. 27. Charles H Elswick. aged 79, and' for more than 40 years resident of Brownsville, died Wednesday following a stroke of paral ysis about 10 days ago. He was at one time manager of the planing mill here and operated the local flouring mill for a number of years. He ia survived bv a wife and three children, Andy Els wick. Mrs. O. 51. Rankin and Mrs. Evp Filkins. Mr. Elswick had been a mem ber of Calapooia lodge No. 43, L O. O. t .. more tnan 40 years. Stock, Bond. Cotton, Grain. Etc. 316-317 Board of Trad BtriUins Cverbeck&CookeCo. DIRECT PRIVATE WIRES TO ALL EXCHANGES Members CMeaaw Board of Trad Cormaondcau at Lofwn Bryan CUcac - Tuk - aBBaaaamaBaaaaasBBmaaaaa 8 First Mortgage Gold Bonds Barnes-Lindsley Manufacturing Co. PORTLAND, OREGON Dated Dec. 3t. 1921; due Dec' 31, 1926-31-36. Interest payable January 1 and July i, at Title and Trust company, Portland, Or. Denominations $1000, $500 and $100 Bonds are a direct first mortgage on all- land, buildings and equipment of the company. Bonds are personally guaranteed by Mr. C. P. Lindsley of Spokane, Washington, and Mr. E. L. Barnes pi Portland, Oregon, whose aggregate net worth is several times the amount of the issue of bonds. Earnings of the Company for the fist 5 years have exceeded twice the maximum interest charge. Bonds may be converted into common stock of the company par for par up to Jan. i, 1932. If the company shows earnings in the future, proportionate to earnings of the past ten years, this convertible feature will prove unusually attractive to bond holders seeking high yield investments. Leal issuance of bonds pasaeed upon by Messrs. Snedecor A Lay man, attorneys, Portland, Qregoru Complete details upon request. Price Par and Accrued Interest to Yield 8. Industrial Financing Company Department of the Seine 7 Gold Bonds Dated January 1, 1922 Due January 1, 1942 Denominations: $500 and $1000 The Department of the Seine is by far the prcatcst in point of wealth and population of the Department of France, comprising the City of Paris and its residential an 1 industrial suburbs. Ijts population (1921 census) was. 4,411,691. Funds derived from this issue are to be used for capital expenditure on the betterment and extension of the newly acquired transport systems and will thus be entirely util ized for productive purposes. This issue is callable in whole but not in part in 1932 at 105 and interest, and less each year following. TTese bonds are selling at 90y2 and accrued interest yielding, according to date redeemed, 7.95 to 8.75 Application will be made to lut the iaaue on the New York Exchange. 7"ti offering subject to prior sale. Clark, kendall & co. inc GCrVTBNMDO' KUMIOra FIFTH AND STARK STHtXTS - PORTLAND OREGON infill, s 722 SpM BM. Fletcher Lbm, Pre. Wwy.2260. Portland, Orefm tt SOUNDSaBONDS- Issued Under tne Seal of Oregon TP HUSK ARM BONDS prepared under Oregon statutes to develop Orego-i. to insure capital and protect the investor. Slide Irrigation District 6s (Malkavar Cooaty, Ora.) 6 To Yield Any Maturity General Obligation Municipal Bond Federal Income Tax txeropt STATE APPROVED. The Stite Irritation Commission his inspected this District and approved this Bond issue. STATE CERTIFICATION. The Secretary of Stite has in- . dorsed each bond, legalizing them as state approved investments for Savings Banks. Insurance Companies and . Trust Funds. STATE INVESTMENT AND MORAL RESPONSIBILITY. The State has contracted to advance interest on these bonds tor 2'j years pending full development of the district under irrigation and may. under the law, advance interest for S years. This wilt make the Stale investment in this district equal to SVc or 30Cc of the entire bond issue. Having approved these bonds as legal investments, the State has assumed moral as well as financial responsibility. Our Parsoaal Lavatatifatioa aati lis Reports of Ossr EavgiaaT inc mad Lag al Eaparta cossfiraa tka Report of tlao Stsla Comsnsav aion aai w recoounemd thaa a Boasla aa, ia ovr opinion, sound aav tmon ti. Few of Tkoaa Bonoa Remain Untold G. E. MILLER & COMPANY Second Floor; North rerUaa4 tvrattte ttm Bank BaHding . Mai. 41tS t