- j ..... ...im...jnuul,.ji ... . i. i ...... .... s !-...... .. . , ,4- . j.'- -rr-i ft 1 7
Renewal - of Short Selling
;;P'o'es Not Effect Change'.
on. Marker -
prices, which broke, badly yester
Sdajy raade, partial recovery today
despite a renewal of short selling
"and; liquidation in various sections
. of the listJ, Today's-selling was
f reported" to have been Inspired
; by the house's rejection of a por
; tioni d to , so-cauea' unaerwooa
; ruW prohibiting amendments, to
ir pending1 legislation when ( riot ger-
mane thereto on' the theory that
i.'this.; action provided a further
stumbling block to revenue legis
f lation and by stlffer money rates.
f - Considerable Importance was at'
tacked Try local financial leaders
to," Paris dlBpatcbes stating .that
' th French cabinet had decided to
increase taxes direct and indirect,
20 per ceht',and Ro take measures
J to balance the French budget, e
; centv'eriUolam ofii which has been
; regard ea as - one; - or ' inc primary
cuiwrf for ; the; weakness Vt Paris
' exchange. ' Banking leaders here
ialsoelpresfpd'apiproVal of Gener
(al 'Dawes', speech, before the xt
! perts'! committee jan reparations, i
ire.ncn rrancs.t.wnica cuiwijku
yesterday to 4.27c, the lowest
price" ever recorded, snapped back
nearly 25 'points' on .short .cover
in gv 'the bulk of the day's transac-
: tion itaking pllace just below
4.50c. Demand sterling recovered
3c to ;-$ft25.74,.:r.; Other; tt-
! eharflges' rallied In sympathy. ,
: In the stock market, Baldwin
U.'S. Steer, Studebaker and Amerv
lean Can often referred to as the
i "j3ig Four? each closed "at a frac?
lionat gain.' -United States cast
iron : plpewhichll had been gash
ed" dp .from 30 to 84 in the last
h months, dropped two more
'polntsVc1oslng'a67 :
Vbb liquidation was also Warn-
; ed tor- Z point' drop in contln
enUJ can, which! closed" 54
I Railroad ;siare8 fncld' tfrm al
Jhough some leading issues show
ed a Idss, deBplte Senator La, Fol
lette's resolution! directing the in-
. terstate commerce' commission, to
take action to reduce freight rates
f on " agricultural products. St.
! Paul issues continued" to respond
to lhe' improved learnings position
of that road, the common and pre-
l lerrecf ech" closing a point high-
.,, v-y: ii:!, ,t.-. .sa-.u.:
1 1 I? " tour, nostras are clogged,
yourA; throat distressed or your
; headf s'tnife'd jby' nasty caUnri
.or a colIf ' apply Htila pnje," on
; tisetic,;' germ.; destroying cream
I into your, npstrlls. It penetrates
through every air passage, sooth
' inginflamedr swollen membranes
- and -yop 'get instant yelle. . -How
goo(j it. feels. ; Ydur nos-
trilslare open. Your .head it clear.
No more hawking," Bnuf fling, dry-
v ness or vpt juggling for breath. Get
a small pottle
of ..Ely's , Cream
: Ealq .from any
druggist. , Colds
and', catarrb .. yield like..; magic.
Don't stay stuffed up. Relief, la
' j- :
Huro. AU, .
a STUFfEO ey
CHI OH GOLD?
SAILOBS MONUMENT UNDER CRlTiaSM;
........ ... v . , j .--
' ' ' ' "i:- ' : - j- v ' w
Two months ago a .movement was inaugurated, to ereci at.
Washington a national ravy andj marine memorial aa a symbol of f
the invin cibuity: Of 'Americas set, ;povier.nd tha sacrifice of life
made by fcer tailors afth navy and merchant marine Coincident
vith t i'-x ullii announcement of the committee tl. naval -officiabii
vho aJ Bprroy4 the. idea
memicr oi u iiauuuw ocaipuifv society, uwouueev uia uesign v
of urn sruiis hovenngr over wavervrept rocti-ai .wmaturt, 'aon--
"fjTe cgd dead WTorgA.
THE OREGON STATESMAN. SALEM. OREGON
Candidate for; CXuntyJocix. .
MEDFORD, Jan. 15,, W.;J.
Ilartiell, of Three Oakii; a large
bosc'pear orchard west of Phoe
nix, announces hiself as a candi
date subject to the May primary
for the republican nomination for
county judge.
- ilr. Ilartiell has owned, lived
on and operated this orchard for
15 years and is -well known asl
one' of fthe prominent -orcirard Jsts
and business men of the county.
lie has been a member Df the
Talet Irrigation- board-ever since
it. was organized in , 1915, : has
been president of 'the board for
four years, which position he now
holds and has been one f those
principally ; -interested ThTnakins
such a success of that districts - .
-Mr. ' Hartieir cauy,..bere from
Minneapolis, Minn., where he was
engaged in the grain .and" live
stocK Dusfness for .'years!. Prior
to- that he was a farmer in Wis
consin and Ohio- and -is thorough
Jy acquainted with the needs apd
difficulties of the farmers as well
as the orchardist and business peo-
pld generally.
Power Plant RnlargMl .
ALBANY, Jan. 15. When the
program of repairs and additions
which is now well along "towards
completion draws -to a close, the
Mountain States . Power company
will have practically a new power
station,-y,t De-Boer, 'tsngiirfer in
charge of tho work said yesterday.
The entire: plant will have been
extensively overhauled, with add
ed power to serve more' than dou
ble the -territory which the old
plant was fitted. .The repairs and
additions were undertaken, Mr. De
Boer said; with, a view t to rtfing
better service and to meet the new
requirements ' arising from 1 in
creased . demands. .- .When. corn
pleted ";the repalr i program will
f epresent an outlay j ol ".approxi
mately $100,000. ,
School- OrgonJzation Growing" "
ALBANY, Jaju .15. Lebanon
will v be the scene of a teachers'
institute next -Saturday afternoon.
plans for. which are completed.
Mrs. Edna Geer; county school su
perintendent, ,said today. .'Sched
uled to talk, are 'Stat Superinten
dent of Schools J. A. Churchill and
Prof Gilbert Beattie. ol the Mon.
month normal school. f
Tbia institute will be marked by
the organization ot the Lebanon
er. ' Good buying, talso, develpned
m omer row pncea rang. , :..-
- Stock of oil companies - with
Mtxiean properties were" Inclined
io yieidoa reports v.that ' rebel
forces bad forced a. shutdown of
all refinesles at Tampico, but the
South '.American oils were strong,
Mdjrieilhn BAlline' attrrv S3 t a
record high price. Further-upward
revision ; of gasoitne and crude'.oil
price 'had a staadylng effect on
thedomestic shares: i " v
A bullish demonstration.. in. Gen
eral Electric Just before the close
tent it ap nearly 4 points," buying
being influenced by "reporta -" ot
heavily increased business. ' . ; '
Money "rates stiffened in re
sponse to Increased demands out
side 'the market' : Call money
opened at 4 V advancing fd' 4,
4 and : thence to 5, ; where It
closed. - -Time money ranged from
4 to P, ' bankers asking' the
highest 'rate for the long 'maturi
ties. The balk of the commercial
paper business took place at 494
per cent.. .. .' '."''''
v. .....
:v . -I
and, the model, ; Ausustua Lukeman, 24
"zona -of the Oregon Teachers " as
soclation, Jn conformity , with . a
change in the association's consti
tution adopted at the meeting in
Portland during. the Holidays.
Swans F.ought to Death
.ASHLAND. Jan. 15.A fact
unknown to many, is that swan
will engage in encounters and bat
tle unto death. Last ' Satnrday
morning employes of Lithia Park
found one of the beautiful swans
that have been admired by park
visitors dead. Much speculation
arose as to the cause of its death
and the opinion prevailed that the
bird had been killed by mischiev
ous boys. The officials of the
park decided to hold an investiga
tion to determine, 'if possible, the
cause of death. A thorough ex
amination was made, but the in
vestigators were as much at sea as
as in the beginning.
'This morning brought a solu
tion to the mystery. As employes
of the park were performing their
morning duties, they saw two of
the remaining. swan engaged in a
fierce encounter, the huge birds
using their wings with terrific
force. Park employes finally sluc-
ceeded in getting to the birds and
separate them. The one that ap
peared about ready to accept de
feat was carried out to the bank
and it was thought that it was
only exhausted-and -would ;recover
in a few minutes. ' Instead, the
bird toppled over dead, having
been overcome by the blows of his
adversary.
Park officials and citizens In
general regret the loss of the two,
as only four remain. Much ot the
pond occupied by the swan is froz
en over and park authorities be
lieve that the limited ' water re
maining is responsible for the two
fatal ' encounters. Preparations
are being made to separate them
and they will be kept apart until
the ice ' disappears and ' ample
swimming room "is restored.
Apple Rate Refused
EUGENE, Jan. 15. Fruit
growers of Oregon are refused re
duced rates on carload shipments
of apples la bulk by the interstate
commerce commission. Q. E.
Stewart, county, fruit inspector,
this morning announced receipt
of a letter from R. H. Countess,
a gent of he Trans-Continental
Freight bureau at Chicago, branch
of the" ICC. in which the informa
tion is contained.
"The matter has been given
careful consTdCratioif ."vVVand it
was not found consistent to com
ply with the request," Countess
wrote in his letter.
. Saving ot 4p0 on every carload
Jot of apples .would have, been
mads had the commission grant
pd the rate now enjoyed by Idaho
growers, according to Stewart.
Washington la ... now petitioning
for the same rate.
Indian War Veteraas
TILLAMOOK, Jan. 15. The
National Indian War Veterans, is
an -organization -patterned after
the GAR, In which all persons
who served in any of the Indian
wars of -the united StateB are
eligible' to join, ' and is growing
rapidly In the Western states, par
ticularly in Oregon, Washington,
California and Idaho, where most
of the Indian wars occurred.
' Once : fully organized, the Na
tlohal ' Indian'' War Veterans 'so
ciety-will ask recognition at the
hands 'of congress in the matter
of adequate pensions for 'the male
survivors, and for the widows of
men who assisted in repelling In
dian Invasions and raids in the
northwest, and' elsewhere
It is believed .that an organiza
tion will soon Je effected in .Tilla
mook, and those persons who
took part in any Indian" war are,
qnon proper showing, . entitled to
membership in the new organiza
tion.
. : Local Farm Lean Board
ECIO, Jan. 16- The annual
meeting and ejection, of officers
or the Forks- of the Bairtianr Na
tional Farm Loan; association was
held at the city hall to Sclo, yes
terday, 25 members of the asso
ciation being present. ! The report
of the secretary-treasurer showed
that there are 61 members ot the
association here, and the total
iDans mane during 1823 were
14,800 with a ga:n of 14 mem
Mrs. George C. Miller, president.
and W. H. McLain, secretary
treasurer, ' were elected delegates
to, the ' state, association, meeting
m Portland on January 24:
; George C. Miller was re-elected
president, W. A. Gilkey rice presi
dent; W.' H. McLain, secretary-
treasurer; George C. Miller, W,
A. Gllkey, Gus Harrold, Joe Sena,
and E. F. Krebs were elected dl
rectors and Mr. Miller, Mr. Gilkey
and Mr. Harrold the loan commit
tee, with 'Joe Sens. and -E. F.
Krebs alternates.
' .1
SALE3I - ROSEBUBU
- oseburo; Jan. 15- W. A.
Cummings, of gaiem; has arrived '
In Rosebnrg and is to locate. here!
as manager t'thehew ;gujg.TerVi
minai npieij yrnicavi 80n JO JMj
bbened;filf'iW ccpmniodatiin,'of
the: public: Mr. Cummings states !
that the first shipment of - furni
ture has arrived, and that other
equipment will be here soon. The. '
kitchen and dining roont caaceB-
ion has been leaved to a Btrgene
man, who will be here soon, and
the -confectionery and cigar -stand
concessions ' are being arranged
wow. ft Barber shop fixtures in .the
room -facing Washington street
are being "placed by Fred Jones,
who is to conduct that shop. While
n San f Francisco r recently Mr.
Jones purchased a full equipment.
Two ' chairs are beipg placed, and
the beautiful -'white enamel fix
tures will make the shop one of
the most attractive in- -the ' city.
He will be ready for opening in a
few days. '
! Brown ReeWted President
CORVALL1S, Jan. 15. S. H.
Brown- of Gervats, state senator.
was reelected v president of the
state drainage ' association and
Prof. W; I Powers, chief of soils
at the -college; secretary-treasurer,
at a meeting of the association at
the college Friday. -''Farmers and
specialists interested in drainage
were present, as well as several
state officials.
More than 25,000 acre 3 of wet
land in the Willamette valley have
already been drained, but' 150 mil
lion dollars is necessary to drain
the remainder, according to Prof.
Powers, -who talked , on the ap
praisal of lands, subject to recla
mation through irrigation ' and
drainage.
"Drains are the most perman
ent improvement that can bt? -put
on a farm it put in right," declared
Professor Powers. ' .
Banks recognize the. value of
drains as an investment .and , will
loan money to farmers far drain
age if the pRpject is apnrofredby
the state, Prof. Powers ' pointed
out. Drainage bonds 'from this
state', nearly always sell at par.
If 50 per cent.oi each.iarm unit
is drained sufficiently to- grow
legumes the increase" in produc
tiveness wUl pay for tiling the re
mainder of the land, he explained.
Tillamook Postal Receipts Grow
TILLAMOOK, Jan. 15. Tilla
mook postal receipts show an ex
traordinary gain for the year Uust
enaed. The money order business
alone for December amounted to
113,401.86 in orders issued. Of
this over one-half was c. o. dl's,
according to W. C. Foster, post
master. The sum of 34.538.34
was paid out at the local office on
money orders and $7,100 was sent
to the government depository. The
' We
We
We will
we will
possible
, ,:'!; '; , y f-i .,,'K f:s Jf :'fi' j - W i ' ''' " "'j "I.'"' " ' ' '' " ' " i " '' "'l i ' ' ' ' . ' " , '- , " ' '-' 'A' ! f :
imounrTssiedln mojtiey orders fof
last -month exceeds the entire an
nual business for a lew years ago,
Postal receipts such as stamps
and box rent, amounted to $18,-
650,63 for 1923, ani against $15,-
959.22 for the preceding year; an
increase of nearly per cent.
This figure puts tlit local office
one notch higher in the second
class and It is expected to move
into the first class in the near fu
ture. Postal receipfs of' $40, 000
annually are required before - a
postofflce can be promoted to
first class.
SALEM
MARKETS j
' Potatoes are -expected to ad.
ranee In price prior to the first of
the month as a lare proportion
of last year's crop s believed to
have suffered durirfe the recent
freeze. Potatoes a present are
selling, from 1 ft 2 cents a
pound. 2
Eggs are steady, Ibuy'riS pirces,
and no change was noted over the
weekend.' Eggs are generally re
tailed at 3.8 cents aful 40 cents a
dozen, with a few sjores orffering
them at 35. conts a dozen.
"?
GkAIK AND JlAY
No. 3 whiat .i..., ...js.. 90j
No. 3 rid wleat, lacked 904
Oats 45c 6J 48
Cheat h ay . .U...S 1 2 $11
Oat hay :l ..$12 $14
Clofr hay, baled .........., $12 m $14
Prifea qiioted ar whjpleiale and art
prieea received farmers.? Ko retail
prices are given, except s noted:
EGOS, BTTTfE, B'pTTEEFaT
Ct-eaniery bntter ...... ..' 49c .B0
Bntterft denvered ..H..... t50
Milk, per wt. 4. $2.33
V.fga, elect ak; 32e
Htandards , S. . 30o
gullets jt. i.28c
POTJLTET
ITeary bene .i.
Broiler . ...,.
Hemrw iitrinn- :
..Oe
..lSo
...16e
MeI.lnm and light hew :'. ..
' rOSK, MUTTOJT AMD Bi
Hoga, top, 150-225 lg., irt ,$8.00
Hogs, top, 225-275, cwt.. , .$7,58
Hogs, top7tOO, ewt ..$T.0
Light ow."Cw't..i'l -$6.01
Rough heavy i. 4 04c & 5
f ... 1 A 1 T nnu.
Vp V U U
Cow 044
Top lambs J,. t10t
Who would have 3elleved, five
years aico. .that th auests ever
would be eatertalne4.by( a report
of the lard and -beef market?
i'Womaa may be emancipated,
but the hats in the fing don't in
terest her bo much an those in the
shop window. - ' , v
i
iiat Ws Help You . ... . v
With Your Advertising Iff
will assist you to prepare yoiar copy or prepare
if -fni tmii annmval 1
i.3
n
will figure with you
show you Kor you can get the most advertising at the least cost and
endeavor to help you get the advertising that will bring you the best
returns
1 NO CHARGE
' V ' I ,?! ' -'':V -'' ' "r. ' - : t
You are under no obligations for this service. It is free to you. We
want td serve you and serve you better than ever before.
' 1 '. n
BEAR IN MIND THESE FACTS
The Statesman reaches a majority of the buyers in Marion and Polk
counties as well as in Salem. j
' , vt j '
The Statesman i the HOME NEWSPAPER ; through 73 years of ser
vice in this community it has gained the confidence of its many; readers. It
is ever striving for a bigger and better city.
The Statesman has again and again proven itself the most effective
medium for the advertiser who insists on getting RESULTS.
THE DAILY OREGON STTESMN
WEDNESDAY MOrtNINjR.
'!
Only 25 Per Cent of Vines
Weathered Recent-Freezej
Says Mr, Biehn I ?
Only 2 .V.. per cent of th togah
brry vines in thin Kection'ot the
state successfully weathered tiie
recent cold spell . and - wpr njt
froen, according to Ed Jliehn pf
the Oregon Growers' association,
who has given the territory a
thorough inspection, lie believes
that 10 per cent is a heavy max
imum for the vines not frozen ati
the J. P. Aspfnwall yards at Hofa
iWTfi. one of the'big yards of te
district and which r has produced
a heavy yield of frnit. Some bf
the yards, owing to the lay oi tie;
land, were not hit as hard a oth
ers, but It is believed the 73 pfrT
cent estimate U conservative, 3
is also higher than the first ry
pof ta after the traezn. '
Yards inspected by Mr. BieSn
included the H. O. Hanson agd"
LaCIriee yards at Shaw, with HtrJ
eral other tract closer in. Re
ports of a general condition wro
received from, growers at other,
parts of the valley. ; 't :
Talk of cutting down vines may
not materialize owing to the freeps
for with prospects of a short crop1
this season the growers whoso
vines withstood the freeze will jn
all probability command a" hrghbi
price for the -product. ' '.
I GENERAL MARKETS
4
.DRIED FttnT -l- ;
'NEW YORK, Jah. 15.Evaporattl
ed apples, good export demand
prunes, firm;' apricots, steady;
peaches;, quiet. 4 1
HOrs - :. l
NEW YORK, Jan. 15 Hopc4
steady; state 1923, 0 to ooc; Pa
cific coas,t 1923, 26 to 30c; 1922;
22 to 24c. H
- HAY -i ll
SEATLE, Jan. 15. Hay an4
grain unchanged. -1
PORTLAND; Jan. 15. Hay, ujn
changed. j ' H
i
and help you make your
The Home Paper
JANUARY l VJ'M
-1 WHEAT S
, MRTIJIND Jan. 15, 'Grain
futures, wheat, blue stem, and
baart, soft . white, western white,
January, February, $1; northern
Hpring . Japuary, JKebruary, y90c;
hafd winter, westejn rpd January,
February, 9ik ' 4 '
, pats---N9. ? white teed, j;anu
ary,; February, $32; ditto gray,
January,; February, $31. j . i
liarley No. 2, 46 pounds, Jan
uary, February, $31; 44 pounds,
January, Kebruary, $20.
Corn' No. -2 eastern yellow
shipment, January, February,
$32.r0; No. Z ditto January and
February. $32.2
Millrun January and Febru
ary, $24.75.
E
Brisk Demand From Live
stock Feeders Causes
Dreath of Grain
('IIIOAno, Jan. 15. Abnormal
dearth' of cbrn in , tho supplies of
grain arriving from . the- country
sent corn and . oats up today to
the' topmost prices' yet this sea
son. -'Qorn. finished unsettled 1c
to 1 U 1 c n,et higher, .Ma
78 :Gc'to 78 c. Wheat
sympathized.wjta.' the . corn mark
et,, advanced and closed! firm at
c to. c net gain, May $1.09 to
$.1.09 and July. $1.0.7 with
oats !4'c to,c up, and provisions
unchanged to 15c down.
Brisk ' demand from livestock
feeders a ppears . to ' be ' the main
reason vwhy receipts of corn here
were continuing at a, minimum
In. ad d ition, the " Pacific coast was
saia to '.outbidding other sec
tions and buying all . the corn of
fei-ed in" western Nehraska. Be
sides, considerable export business
in corn was said to be in progress
by way of the Gulf of Mexico,
Meanwhile, messages were at hand
from, various points lp ! Illinois
and Indiana predicting that the
movement of corn Vduld be very
small and asserting that most hold
ers were talking of $1 a bushel
for corn -before next 'summer. In
this connection it was pointed out
it for you and submit
advertising schedule.
s ie
IG 1X11
that although- Veather.conditions,; vj
have. feeenS perfect, foir; a s wee,k,
there baa been no country aelling , j a
of importance,- - . L
The fact that the big winter,
movement ofthercorn crop should ,i
pe( up4er.y at''pwesent -and5, that . f f
early estimates tr today's arrivals ,
in Chicago put the total at fewer
than 100 carloads did a good deal
to lift :Tatuea here. .
Lower estimates of the day's, re
ceipts were larger but, were Tir-
tually ignored. :
Saving for northwestern later-
esU helped, to. mrenginen we,-.j
wheat jnarket. I - : 1
.AW .if
The reports pf lack of snow; cor r
eripg for winter wheat counted
also as a -bullish' Influence. "
Provisions weakened In response
to a decline in-hog lvalues. - r
ma mill is sold
ROSr0RG,iani5.-Negotla .
tions between J. HV Chambers ot
Cottage Grove and, Frank and W.
Becker of Keysportf Fa., for tne
purchase 'of the .. . Sgelly number
company property near Drain have
reached a point Where tne xrans
action is practically closed, and
the mill ?h lo ;b ;taken. oyerny
Mr. Chambers, who plana to op
erato it at Drain. This deal
means much to - Douglas county
as a whole and to the -community
of Drain in" particular,, a an in
dustry furnishing employment to 2 ,1
150 or'mbre -men'- 'will "be- pro-
vided. . Li
' Mr. Chambers is now in Port
land, going over' the -legal papets", "
and' wlthin""a few days it to. i )
perted thatilhe dealnUl;be CP-
tirely closed. It" la - understood ; . j j
that-one payment on the property. , 1
has " already ' be;a made, r TP
amount involved In the transac
tion is around' $90,000.' "
COUNTRY
. . a 1 . -
STORE-
FRIDAY
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7
Bligh Theatre
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si
7
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