THE OREGON STATESMAN. SALEM. OREGON
FRIDAY MORNING, JULY 13, 1923
STOCK MARKET IS
: EXTREMELY DULL
Hi
Call Money Holds at 5 -Per
Cent; New Commercial
. Paper; Said Slow;
NEW -OR K J
JulyVi2.-Extreme
dullness
characterized today's
stock, market., the quietest full
day session ' taj more than a year.
Prices changes, as a rule, were
narrow and, Irregular. . ,
Stocks started off, fractionally
higher and tarly gains were ex
tended as a result of short cov
ering prior to the publication of
Premier Baldwin!s statement in
the house of commons. Business
was . virtually suspended while a
synonsiS of the statement was be
ins published on the financial
tickers and Wall Street's first re
action as reflected on the ticker.i
was slightly unfavorable, .
."'Large traders, however, seemed
disposed to await the full text
andmake a careful study of the
same before extending their com
mitments . and there was a con
tinued, absence of public partici-;
pation so that afternoon trading)
continued sluggish with ' price
changes generally unimportant.
Oils failed to make any appre
ciable response to the reported
reduction In domestic production.
Coppers were slightly firmer in
reflection of a stiffening of com
modity prices and an increased de
mand lor the red .metal. .""; Steel
showed little change on the day.
United States Steel common again
selling above 90. Rail shares con
tinned to disregard the unusually
favorable carf loading reports al
though the seasoned dividend pay-'
era showed the best buying sup
port: v ;. -j-- - ,. 1
, t Call money, held a five percent
throughout the day. Time money
continued firm with brokers pay
ing 6 y percent. New commer
cial 'paper was slow-in coming in
and - the demand was moderate,
the bulk of the prime names com
manding, five percent. ;
,
' J- W1IEAT
J MINNEAPOLIS. Minn., July 12
---Wheat cash No. 1 northern 1.03
7-8 01.10 7-8; No. 1 dark north-
oninic WATER TO
HELP V
1 KIDiiEY POISOB
If Voor Hark Harts or Bladder
Bothers Ton, Begin Takf j
i ing Salts. ; "'
When y&ur kidneys hurt and
your j back feels sore don't get
scared ' and proceed to load your
stomach with a lot of drugs that
excite the kidneys and irritate
the entire urinary tract. Keep
your kidneys clean like you keep
your bowels clean, by flushing
- them with a mild, harmless salts
which helps to remove the body's
urinous waste and stimulates
them ' to their normal activity.
The function of the kidneys fs to
filter the blood. .Ia 24 hours they
strain from it 500 grains of acid
and waste; so we can readily un
derstand the .vital importance of
keeping the kidneys active.,
v Drink lots' of good water you
can't : drink too much; also get
from i any pharmacist about four
ounees of. Jad Salts; take a table
spoonful in a glass of water be
fore breakfast each "morning for
a few days and. your kidneys may
then act fine. ' This famous salts
is made from the acid of grapes
and lemon juice,, combined with
lithia, and has been . used . for
years to help clean and stimulate
clogged kidneys; also to neutral
ize the acids in the system so they
are bo ; longer a scource of irri
tatioB, thus often relieving blad
der weakness. - V---T
. Jad Salts is Inexpensive; can
not Injure; makes a delightful ef
fervescent Hthia-water , . drink,
.which- everyone should take now
and then, to help keep their kid
neys clean and active. Try this;
also keep up the. water drinking
and no doubt you will , wonder
what became of your kidney trou
ble and backache. , By. all means
have your physician examine your
kidrieyg at least twiee a year
-"Adv. ',4 -
em spring .choice to fancyI
7-81.30 7-8;jgood,tp choice!
1.10 7-8 1.19 : 78 ; ordinary 1 to
good 1.04 7-8 G 1-09 7-8: Jult'
1.03" 58; September 1.02 7-8; D-e
cember 1.05 3-4. . t
imiiji FRUIT
NEW YORK, July 12 Evap
orated -apples, dull. , Prunes slow.
Apricots unsettled. Peaches dull.
Peter Schulderman Is
Drowned i Near Portland
Peter Schulderman. 14-year-old
son of Mr. and Mrs. II. J. Schul
derman, formerV Salem, residents,
was drowned Wednesday evening
In Portland. " The youth had gone
to the slough with his father and
several boys of his own age. They
were swimming around a raft
when the boy suddenly went down.
The hody was recovered by Dep
uties Rexford. Bailey and Wilson
of the sheriff's office. j
Mr. Schulderman was corpora
tion commissioner under Cover
nor Withycombe and served also
under Governor Olcott. . He was
succeeded by Ti U. Handley.
Musical .Program to Go Out
Tonight From Salem Elec-
trie Station
A student's ! recital will I be
brbadcast from the Ealem Electric
company's station tonight at,' 7
o'clock. " The program Is; as fol
lows: : " ji; :. - 1
- Violin ensemble. ,
Telling, funny stories. .Greenwald
Piano. Valse del Salon .... Wachs
, Madalene Giesy. , i
Violin.. "Flow Gently Sweet i
Afton" (withj variations)... I
George Stoner. : , ..' - j
Reading . . . . . i . ". . j. . Selected
Blanche Liston Nlemeyer. Seattle.
Piano duet, Morceau de Salon '
J .. Wilson
Madalene Giesy and Gertrude :
Rieasbeck.
Vocal, "I Love a Little Cottage"
" . ' GladysDltmars. i
Violin obligate, Mildred Scott.
Violin. "Old Oaken Bucket."
(with variations)' . . .. , . . . . V
Mildred Scott.
Piano (a) Caprice Rustic...
'.' . j ........ . Mason
(b) "March de Concert. .
..1... Wollenhaupt
Wilma Morrison. -
Violin quartet jwith piano, .
Star of Hope . . . . . . .Kennedy
Mildred Scottj Margaret Eddy
r Harold Rupert, Fred Krepela
" Piano, Joy Turner.
Reading, 'Almost Beyond En
durance" ........ Riley
' Blanche ! Liston Nlemeyer.
Vocal -(a) Come Ffrom the
Far aAaw i "i Galbraith
(b) Bendemeer's Stream
.........41......... Gatty
Orol ! Violette.
Violin ensemble, "II Trovatore"
....... ..ii... Verdi
- Piano acc..' Miss Turner.
Those taking: part are students
of Miss Joy Turner.
SAUSAGE PLAPJT
Ammonia Pipes Explode;
r Loss Estimated at Half
Million Dollars .
CHICAGO, 'July 12. Two per
sons .were severely burned, 50
women workers were driven, to the
street,- and damage estimated at
8500,000 - was done today when
fire originating from an explosion
of ammonia pipes In the plant of
Wolfe, Sayer & Heller, sausage
casingt manufacturers, 5wePl tne
two upper floors of the six-story
brick building housing the plant.
' Panic-stricken workers, mostly
negroes, were knocked down.; by
the -force off the explosion, ; and
there was a wild rush for elevators-
and fire escapes. . Officials
of the company; estimated the to
tal damage hy f Ireland water at
1500,000. j
When tliere is a death in the
house; how good the neighbors are
and. how lond the clock ticka.
Tick- tock, tick, tock, every one
Is a blow at the heart.
It cota mora not to paint than
RECITAL WILL
BEBiSDCJST
FIRE lilLLS TWO
to paint with RasmuMa Puro Paint.
The first indication of cracking, blister
ing, 'or scaling paint or mating metal is
. .; your warning roar opportunity to avo
: the aurfaca" and a big repair. bflL -
. ' Pick., your color from our completa
Ritmnnen lino. We have brushes also.
HUTCHE0N PAINT STORE
A.8 ' SALEM, OREGON u ;
154 S. Ccja'I SU Phone 594
Is--1 1-'.'-.r-s-- . "i"'
is TO
Band Concert and Sports
Will Be Feature of Pro-
Tarn Tonight
The formal opening of the Sa
lem public playground will rn
held tonight with a band concort
ly the Cnerrlan band and asinria
sport program. ' '
Baseball sjames between the Ho
tary aud Kixanis clubs and b
tween t he Lious rlul and the Tlcuil
tors will be held at 6:45 with the
band concert at S o'clock. ". V
" A diving exhibition' by tlu
YMCA boys will be one of the fea
tures of the- program.
Tlio grounds are. reached by go
ing out on either State or Cheme
keta streets and turning North on
Fourteenth street.
The grounds are ju3t one block
north. -of he Washington junior
high school and can be reached
bv pedestrians by crossing the
foot bridge just north of Marion
street. For those who go in auto
mobiles boys of the YMCA will-be
on hand to aid in the direction of
the parking.
The band concert program a
announced is as follows: f
, 1. March, "Stars and Stripes
Forever," Sousa. ,
2. Overture, "The Bridal
Rose," Lavalle.
3. "Waltz. "Visions of the
Past," Rollinson.
4. Popular numbers.
5. Vocal solo, ''Wairing" and
"We'll Never Let the Ofd Flag
Fall." Lena Belle Tartar.
6. Overture. "Poet and Peas
ants." Suppe. - I
7. Serenade, "At Eventide,
Jewell. , j
8. Selection. "King Do Do,'
Mackie.
9. March, "Monte Carlo,
King. j
10. 'Star Spangled Banner."
IS 1
A SALEM VISITOR
Accompanied By Mrs. Gatch
and Daughter; oni Way
to Visit Relatives ;
Claud Catch, old time promin
ent Salem man, is a visitor here.
Ho arrived yesterday, accompan
ied by Mrs. 1 Gatch and theii
daughter. Miss Ryth Gatch, and
they will remain until tomorrow.
They are registered at Hotel Mar
ion. They came in their car, Miss
Gatch .being the driver. '
Ther are on their way .o visit
their son and brother, Lieuten
ant Commander T. L. Gatch,
United States Navy, who is on the
battleship Texas. ,v
As a Salem boy and young man,
he was "Tarn" Gatch. He is flag
secretary on Admiral is ul ton's
staff. The Texas Is at Port An
g3le3, where she will be till Sep
tember then go soutn, with her
first stop et San Francisco. Lieu
tenant Commander Gatch has a
wife and two little daughters, who
are now at Seattle hence the at
traction drawing their grandpar
ents and aunt to the Sound me
tropolis. , li
Claud Gatch, from the time of
his boyhood tiiri7 years ago, was
employed by the Ladd & Bush
bank in Salem, rising to the posi
tion of cashier. He became after
that in turn national bank exam
iner, chief -national bank examin
er of, the 12th federal reserve
district, and vice chairman of the
federal reserve bank at San Fran
cisco, which he helped o organ
ize. ' "7 ' ,
He is now vice-president of the
Central National bank of Oakland
Cal., the largest bank of that city.
During the years while Mr.
Gatch was prominent in Salem af
fairs, he was a figure in state pol
itics and public affairs also, end
he was acquainted with most of
the people of this part of the Wil
lamette valley and nearly everj
person of political, business or so
cial prominence throughout all of
Oregon.
Seven Yachts Entered 1
- In U. S.-Honolulu Race
SANTA BARBARA. Calif., July
12. Seven yachts have been de
finitely entered. in the Santa Barbara-Honolulu
yacht race, which
starts July 21, the Santa Barbara
Yacht club has announced. Four
additional entries are expected
within the next few weeks:
The yachts entered are: Ca
price, Santa Barbara Yacht club;
Idalia, California Yacht club, Los
piaygbou
FORMALLY
n
CLAUD OATCH
Hutcheon Paint Store
We Handle the Reliable Rasmusson Line
Work Done by Day or Contract
Phone 594. 154 S. Com'l St.
Buy Your Paint in a Paint Store
TO. MEMORY- OF SOLD'ER
sit
Miss Mary Garden before the
memory of the fifty-four soldier
above Monaco, France, who fell
godmother to the village during
has a fine granite monument.
Angeles; Ungas, Newport Yacht
club; Seaward, California Yacht
club; Spindrift, California Yacht
club; Viking IV, Newport Yacht
club, and Haswell, Santa Barbara
Yacht club. Other entries, it is
said, will include: Westwind, Elo
ise, and Mariner, all of the San
Francisco Yacht club, and , Good
will, California Yacht club.
There will be from 50 to 75
sportsmen and about 40 seamen
in the various crews. Eugene Ov-1
ert'on, commodore of the Califor
nia Yacht club and admiral of
the Southern California Yachting
association, who sailed to Hawaii
on a previous . race, win be In
command of the Spindrift. "Mrs.
Overton will accompany him. A.
D. Pedder, of Santa Barbara, skip
per of the Haswell, will be accom
panied by Mrs. Pedder. These, It
is said, will be the only women in
the race.
It is estimated that from 13 to
15 days will be required for the
yachts to cover the approximate
distance of 2.100 miles from this
port to Honolulu. One yacht, the
Seaward, will be equipped with
wireless.
FARMERS PAY HIGH
Buyer Has ! No Assurance
That it Will Be Placed
- in Proper Grade ;
OLYMPIA, Wash., July 12.
Grading of grain by agents of the
federal government Is costing the
farmers of Washington hundreds
of thousands of dollars a year, E.
L. Frenchr-state director of -agriculture,
declared in a statement
today. He placed blame largely
on the bureau-cratlc syystem.
"President and secretaries,"
said the statement, "come and go,
but the bureaus, from their chiefs
down, go on forever, entrenched
behind the solid protection of the
civil service rules."
i The statement said that if two
federal grain inspectors working
separately should assign the same
grade to a. carload of wheat whichr
annroached the dividing line. it
would be "a remarkable coinci
dence." ; "The buyer who takes grain at
the ruling price at an Interior
warehouse has no assurance when
it Is re-inspected that it will not
go Into a different grade," read
the statement. ''If ifdoeg so he
may be out thousands of dollars,
aturally with this uncertainty,
buyers aro j not going to gamble
much longer. They will do the
grading down by the simple pro
cess of paying a lower price, and
let the farmers take the lossr in
stead of risking it themselves."
I NEW CORPORATIONS
I
j The following articles of incor
poration were filed yesterday at
the office of W. E. Crews, state
corporation commissioner:
U Electro ! Products company,
Portland, incorporators, Adolph
A. Dekum, H. A. Kirkland, Ira N.
Yount; capitalization, $5000.
v Qregon Outdoor company, Port
land; Incorporators, H. Borden
Wood. Ralph H. King. W. Lair
GRA N G
INHABITANTS OF PEILLE.
... ;.. , 7" .4.,..
u
monument erected at Peine to the
inhabitants of the mountain village.
In the war. Mary Garden was
the war and thanks to, her It now
-
Thompson; capitalization,
0;
hotels and resorts. ! r
Notices of increase in capitali
zation were fifed as follows:
Sperry Flour company, Califor
nia, , from $9,000,000 to $9,000,
000; Western Diatomlte: company,
Portland, from $300,000 i to $400,-
oooj-' : ' :.! - ' ; ' ;1
Supplementary articles were
filed by the Clemons, Tromb'ley
company of Pendleton to Clemens
& Stangier.
Notices of dissolution were filed
byjthe Coos Bay Towing company
of .Portland, and by the Lumber
men's Hospital association of As
toria. I '
Permits under the blue sky act
were issued as follows:; f
Associated Creameries,, Inc., of
Portland, to sell stock in the sum
of $10,000; Oregon Pulp & Paper
company, Salem, to sell stock in
the sum of $50,000; Red Top Ca1
comrany, Portland, to Jsell stock
ir. the sum of $23,000; Western
Bond & Mortgage company, Port
land, to sell notes Ini the sum. of
$1800; Electro-Saws corporation
Portland, to sell, stock In the sum
or $ZU,UUU. : ;
Olympia Will Be Host
f For 24 Labor Meeting
BELLING HAM, Wash.,' July 12
Olympia defeated Centralia by
fifteen votes today af the closing
session of the 22nd annual con
vention of' the Washington State
Federation of Labor for the hold
ing of the next, yearly meeting.
Phil J. Pearl, a member of the
Seattle "Barbers local union and a
delegate from the Seattle Central
Labor council, declared j that Wil
liam M. Short of Seattle,' president
I of the federation , had permitted
ii '3 uiiice iu ue iijuqu wiin mrne.
Other delegates warmly defended
Short. ' ; i' ' ' ' ''- )'..
Y GET
GOP CGIEU
1924 Meeting Cart! Be Ob
tained Simply for Asking,
It Is Reported
CHICAGO, July 12.4 Chicago
will be the scene of, the 1924 re
publican national convention- if
Fred'W.; Uphan, national treas
urer asks the national executive
committee to send it here, repub
lican leaders for a conference of
national .committeemen,' state
chairmen and party leaders said
today. ; . . J .' :
Tlio conference, presided, over
by John T. Adams, of Iowa, na
tional chairman, was one ofTsev
eral being held'in various parts
of the country as a preliminary to
state campaigns and the next na
tional campaign.
The selection of a 1024 conven
tion city did not come before the
meeting and republican j leaders
who expressed tho opinion that it
would be held in Chicago if the
national treasure, who lives here,
so requests, tgave only their , per
sonal views. ' -
Committeemen, state ' chairmen
and leaders from Illinois, Nebras
ka, Kansas, Michigan, I Missouri,
Iowa end Oklahoma attended" to
day's meeting. . . ; . .
Chairman Adams said .the fin
ancial affairs of- the party were
in better condition than at any
time in the past two ; years. j
TORXA1K) KILLS TWO
- GRANITE. "Okla., July 12.
Two persons were killed and 'sev
eral Injured when a tornado
struck this city at 4:30 o'clock
today. , Considerable property loss
was sustained.
w m m ujfe. w i
CHCAC
MA
BWIN POLICY
SES F
Statement Less Severe Than
Was Anticipated in Offi
cial Circles
PARIS, July 12. (By the As
sociated Press.) Although the
text of Premier Baldwin's speech
in the British house of commons
arrived here too late to permit
official examination tonight, it
was indicated among authorita
tive Frenchmen that the first im
pression in general was distinctly
pleasing, particularly since the
statement apparently was les3 se
vere than the French had been
!ed to expect.
.None of the official text had ar
rived before Premier Poincare left
his office for the day, but suffic
ient of the press summary came
to; permit a number of high auth
orities tov examine-- the general
prnciples of tjie address. What
seems to please these circles most
is -thatthey see no hint of separ
ate aetion by Great Britain in
dealing with Germany.'
The French take as a distinctly
good sign Mr. Baldwin's gentle,
but firm warning to Germany not
to i over-emphasize the Importance
of minor difficulties among the
allies. They commented how
ever, more on the British prem
ier's assertions, concerning the in
separability of reparations and
the allied debts, although until the
official text is received' they are
unwilling to criticise this part of
his address adversely.
' The' section of the statement
least pleasing to the French, per
haps, Is that in connection with
the occupation of the Ruhr.
Washington Bankers Will
j Also Fight "Wildcatters"
SPOKANE, jJuly 12. Members
of the Washington State Bankers'
association are asked to declare
war on the""wild cat" stock sales
men who are said to be descend
ing on the agricultural districtB
of ' the state, in a special letter by
William Hatch Davis ,of Spokane,
secretary and general counsel for
the association.
The letter calls upon all the
bankers of the state to refuse to
purchase or discount farmers
notes for stock purchases offered
by the "high pressure" salesmen.
POLICY UNKNOWN
Washington Officials De
clare They Were Not Con-
suited By British
i .
WASHINGTON. July i2. An
authoritative' statement here to
day made it clear that the Wash
ington government had not 'been
consulted by British officials on
the forthcoming British reply to
the German note on the repara
tions situation. It was added also
that Washington had volunteered
no suggestions and that press re
ports, that there had been inter
changes ot views through the Lon
don embassy were without foun
dation in fact. ,
In support of the official, de
nial that there had been any ne
gotiations, it was pointed out that
the state department was depend
ent today on press accounts from
London for light as to the nature
of the British plan. Department
officials declined to comment in
any way on what the "premier
said.
Mr. Baldwin's phraseology, at
several, points was generally re
garded in Washington as implying
that some attempt wjis. in process
to find a, remedy 'for the; repara
tions, tangle through joint Inter
national action to determine Ger
many's capacity to pay as an eco--npmlc
fact. If that should prove
to be the substance of the British
cabinet proposals when they are
announced, undoubtedly the plan
would have much In common with
the suggestions made by Secretary
Hughes to the French government
last October.' ' -
s
1
EMBASSY
Grain Sacks, Oat Sacks, Potato Sacks, Onion Sacks,
all kinds of Sacks. .
We are headquarters for used sacks and can save you
money. Look over our supply and be the judge.
ST I
402 N.Com'l .
Criminal Lawyer Enters .
4 Plea to Bribery. Charge
; NEW YbRK..July 12 William
J. Fallon, prominent c'rlmlnallaw
yer. "who has appeared as counsel
in the Arnst&n, Fuller. Ward and
other famous cases, today strode
into Federal Judge FUzhenry's
chambers in the Woolworth build
ing and pleaded not guilty to the
charges of having bribed a Juror
and conspired to obstruct justice
lie was held in $5,000 ball and
Riven until a week from Monday
to enter a demurrer or change his
plea. " ' ' - . ' .
Then from the office of his
counsel issued a statement', de
claring that her had been the" vie
time of a vindictive newspaper
campaign and that his Indictment
with the juror alleged to have been
bribed and five stock brokers was
the result 'of a frame-up and a
dirty trick" involving an employe
he had discharged..
Germany's Daily Deficit
Five Million. in June
: BERLIN, July 12. (11? the As
sociated Press)" Germany has met
a daily deficit of J5.000.000 dur
ing the last fen days of June by
issuing treasury bills, it -was re
vealed In a -statement published
today by the finance ministry.
Only one fiftieth of the govern
ment's expenditures' could be met
by ordinary receipts 6uch as taxr
es. The remaining forty; nine-fiftieths
have been raised by increas
ing discounted treasury bills to
7,661,609,000,000 paper marks.
WE IN
0
0
WHEREVER GOOD
W(
ro) J1U Ton! oil
m
I etrI iifei '
- . t
Friday and Saturday
Only
Pequot Sheets full size, 81x90
- Each $1.59 "
i -
42-inch Wearwell or Quinebaug
Pillow Tubing
39c1fardl ,
CommerdaianJCbWSticcts
El N BOCK JUIMK CO,
"WE BUY JUNK"
Campaign on Wall Street
Brings About Bankrupt
NEW YURK, July 12. - T
campaign to purge Wall' Stre
today; brought the bankruptcy v
the stock brokerage houe,ot Ha
vey A. - Willis and. company clc
on the heels of an Injunction r
straining the concern from fu .
ther trading until it had be
cleared . of charges of fraudulf
practice.'
Meanwhile there was every I
dleatiori that the crusade on br'
et shops' and swindling bro
would be pressed" even more ec
getically by officers of couir,.
state and nation.
The-state took a hand In tt
situation by obtaining the tem
porary trading injunction agafs
the, Will's concern, which rececr
was expelled' from the'Consolid
ed -'for practices , which were
clared to be shady.
SEAUS' PITCH EU HOLD
OMAHA. Nebr., July ' 12.
Owner "Barney'' Burch of t'
Omaha Western' league club t .
night announced the purchase
pitcher 'Tim" Buckley from t ,
San Francisco club of the Pa'ci;.;
coast league. lie is a right
bander. i f
FIVE BUTTERNUT BRE."
wrappers, If one loaf la
" f ' 'bought; from, us, entitles
any child to a "Bang
Gun" absolutely FREE.
LITTLE.1 LADY STGIt"
Center at Twelfth. . Phone 11
Spreads Smiles
- --v - and - . - v
Banishes Thirsts
.." , . - : . , --1 , r .
; " 0.
HARD'S
0.
t J4
DRINKS ARE SOLD
Phone 523
i
'it, -r3'gM.',aissfa,
I.'