Capital journal. (Salem, Or.) 1919-1980, May 01, 1922, Image 5

Capital journal., May 01, 1922, Page PAGE FIVE, Image 5

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Newspaper Page TextSONDAY, MAY 1, 1922. COAST BANKING CONDITIONS ARE BETTER, TWO P1ILACHEKS SOAR TOWA RT) avpm THE CAPITAL JOURNAL, SALEM, OREGON PAGE FIVE It h t V r- J. . - ' ! ' 1 Francisco. May 1. Bank J conditions In the Twelfth federal Reserve district contin ' t0 improve, John Perrln, San Lncisco, federal reserve agent, declared in his monthly report made public here today. "Borrowings from the Federal Seserve Bank of both city and members combined fell from $1 106,000 on March 8 to U9 025,000 on April 12, a decline , 112,081,000, or 19.7 percent. This reduction was accomplished ,t least In the case of the country member banks at a season of the ,ear when the requirements of Llr customers are unusually heavy, and Indicates a growing ability on the part of these banks to meet customers' needs without lecuring outside assistance. Building Activity Grows "The most striking Industrial development In recent weeks is the record activity In building operations. Figures of building permits for March were, In point vaiue, tlie largest figures ever reported in this district, exceed ing the previous record month of October, 1921, by 17.5 percent Compared with the month of March a year ago, this year's fijt-l ires exhibit an Increase of 49.9 percent in value and 14.7 percent In number, indicating a perioa of unusual activity in construe' tlon Jines during the summer and tall. "Among other Industries of the district lumbering la the most ac Uve. Production during March was approximately 90 percent of normal, the highest percentage reported by this lnductry in the past 16 months. New orders re teived by mills in the four prin- inal lumber associations were U.i percent greater than March production. Farm Outlook Good "Agriculturally, there have been few new developments dur ing the month. In many sections the winter season extended well Into March and farm work has lene delayed from two to three weeks. The winter wheat crop now appears to be in better con dition than on December 1, but It is not expected that the re cord crop of last year, 78,000, 00 bushels, will be equalled. The present outlook for the decid nous fruit crops of the district Is excellent, with the exception of apricots, the yield of which ha been reduced as much as 60 per tent In some sections by attacks f brown rot and killing frosts. Preliminary estimates of cotton tnd sugar beet plantings indicate I slight increase in acerage of (otton In the principal growing lections and a reduction of ap proximately 25 nercent in t'" icreage of sugar beets, compared itu last yeui'. ir i'icfca of agricul tural products, while they . have lot continued the steady gains which characterized their move ment in -the first two months of fce year, have fluctuated at levelf ippreclably higher than those , of January 1. Eetail Trade Slumps "An increased demand for un billed laborers, partly seasoned rod partly due to greater pro tective activity in the district las Increased the number of men 'ip!oyed and all stages report rtat the peak of unemployment ls apparently ben pasesed. '"irade at retail during the month was 6.2 percent less In 'aiue than In March, 1921, but the comparison loses much of its Isnificance when it is remember i that Easter buying occurred l March last year and will be krgely reflected in April sales "is year. After maklncr due al lowance for declines in retail trices of from 5 to 10 percent ner the year period It is prob He that the physical volume of business in March, 1922, was at least equal to that of March. 1921 3 t Wholesale trnria in p-onornl $ as dull, and did not compare favorably with 1921 figures eith- ' in value or in physical vol- "Oe of soles. t V TWr. , .... :. x 2 v mt mum) ' 1 i .' I- tSLik nearer h, tge :"? Aspiration from a little First Baptist church o Fort Worth an? n J0ad0-'' palto' of the pastor of New York'. n.," S V.T- James .Roach Straton, , . .v. . j wayiiHl UUUrcn. aCflftnt Art ha nv totU. ays and took an airplane flight over Gotham. MILK SHAKES AND MALTS . HELD EXEMPT FROM TAX Collector Huntley has just re ceived a ruling from Washington to the effect that the tax of 2 cents a gaMon era still drinks does not apply to milk shakes or malted milks. Proprietors of soda foun tains have heretofore been in structed to keep a record of each glass of milk shakes and malted milks sold by them and pay a tax of 2 cents per gallon thereon. This latest ruling, which is based upon tha theory that drinks of milk are articles of fopd, will relieve soda fountains operators from the ne cessity of keeping a record of such sales. The tax of 2 cents a gallon ap plies to lemonades, orangeade, fruit punches and other similar drinks mixed or prepared with still water as distinguished from carbonated water, and dealers must keep a record of each glass sold and pay 2 cents a gallon thereon. FEDERAL EXPERT HERE TO VIEW FRUIT TREES C. F. Kinman, assistant pomol oglst United States department of plant industry, called at the Ore gon Growers office Saturday on his way through the prune- grow ing sections of the state. He is now making a second tour of all of the important prune pro ducing sections in (he United States, preparatory to writing a detailed government bulletin on prune production. Mr. Kinman said "the Califor nia prune blossom season ia prac tically over and very little dam age was done by the frost, as was tlrst reported." No estimates can be niado of the total crop for this year since the reason is not advanced sufficie ly to Insure a perfect set. JEFFERSON GUN CLUB WINS FROM SILVERTON Members nf tVio Tnnn nn composed of Joe Hampton, "arold Looney, George Palmer, wbert Looney, Jenki Simpson oa Charles McKee, met the 311 Jerton club at the Harold Looney 'nn Sunday afternoon, where Jy contested in a clay pigeon ,lloOt. Jeffpronn .v. . - . triug t.H O -)1U11C1. boys Bay they will challenge elub In the valley. Jefferson Review. Forest , uttuuuui assets make them liabilities. Care- lewn with camfires is criminal. Fish are reoprted coming out ol i well drilled for oil in Califor nia. Probably suckers who Invest ed in the promotion tock. VOTERS AT HUBBARD IN FAVOR OF HIGH SCHOOL Citizens of this community who gathered at the school house last Friday evening after careful con sideration of the several large is sues before this district bearing directly , upon the continuation of a standard high school in district No. 15, at Hubbard, unanimously concluded that it should be continued. inis expression coming from representative people who help s lpport local and state institutions of learning Is Just another ex ample of what any common sensed people will do when they fullv understood the question at issue The meeting specially called bv the local board of directors, was opened by the Parent-Teacher as sociation for its regular business during which hour folks enloved a splendid program given by the young rolks of the school. The meeting was then turned over to the chairman of the board of directors, J. C. Moomaw, by President McShane of the P.-T. association who reouested that the chairman of the board sum marize the points to be worked out at the meeting before asking for general discussion on the question. Hubbard Enterprise. New Corporations. No stock having preference or priority over prior preference stock shall hereafter be issued by the Portland Railway, Light & Power company, without an af firmative majottty vote of the stockholders according to supple mentary articles of incorporation filed with the state corporation department here Friday. Articles of Incorporation were filed by the Independent Banking company of Portland, capitalized at $5000. The fncorporators are Basil B. Hagjinicopulos, James Idlnopulos and George Idlnopulos. Articles were also filed by the Brookings Athletic association of Brookings, Curry county, with a capital stock of $145. The in corporators are Daniel Thomas, H. B. Plaisted and Jack Reagan. 1 c Llveslsy : Livesley, Or. May 1. Mrs. P. Glover and daughter of Seattle were guests at me home Of Mr. and' Mrs. N. N. Carpenter last week. The school gave an interesting program Thursday afternoon com memorating the hundredth anni versary of General Grant. me dedication services were held Sunday at the Livesley church. There was a good attend ance. After the regular Sunday school services there was a basket dinner and in the afternoon and evening there were some excellent talks and'address given. Paul. Nickleson, who lives on the H. J. Tracy place, is able to oe about again after his accident of being thrown from his horse. . Mrs. Flora Holly will entertain the G. T. club on Thursday after noon, May 11. Mrs. Thomas is visiting with her son. J. W. Thomas. Mrs. C. Spurrier from Oklahoma is visiting at the home of her, sis ter. Mrs. A. Coolidee. FOUGHT FOR KAISER AND LOSES CITIZENSHIP SUN YAT SEN FORCES CAPTURE WHOLE NAVY bhanghai , May 1. By Asso ciated Press.) The forces of Sun lat Sen, head of the South Chi nese government at Canton have captured the entire southern naval squadron, it was stated in unof ficial dispatches published today by the foreign and Chinese press. Seattle, Wash., May 1. Hans Frederick Kurth of Tacoma, Wash., who obtained American citizenship in 1913 but who later fought, in the. German army dur ing the war, was ordered deported to Germany at the conclusion of a hearing before Immigration offi cials here todayT Kurth said he would appeal from the order on the ground that, until last week he was a citizen of the United States and as that he did not wrongfully enter the country, he has a right to remain here. Evidence produced; at the hear ing was to the effect that-Kurth shortly after obtaining his citizen ship papers, returned to Germany, where he enlisted. To reach Ger many, It is alleged, he altered his citizenship papers in order to pass through British waters to Den mark. RATE CASE DECISION kwi EXPECTED SOON Washington, May . 1. Failure of the interstate commerce com mission to announce today at least a preliminary decision in the gen eral rate case was taken by ob servers as assurance thai no rul ings in the matter would be hand ed down for some time, and possi bly to indicate a delay of three or four weeks. A personal pledge of service Prevent forest fires. REDUCTION OF ASTORIA GAS RATES TO BE FOUGHT .The public service commission is made defendant in a suit filed by the Pacific Power & Light company of Astoria in the circuit court of ClatBop county asking that the recent order of the com mission reducing gas rates to pa trons of the Pacific company be set aside. The order which carried with it a reduction of approximately 16 per cent In gas rates ie attacked by the company as a Just and un reasonable. The principal point of attack is on . the valuation of $488,000 for the company's prop erty as found by the commission whereas the company declares that this valuation should be $526,000. The commission refused to give the company credit for cer tain improvements to the Astoria plant which It characterized as over development and not an Item of expense which should be sad dled upon the present consumers. FAMOUS COMPOSER OF CHURCH MUSIC FAILING Rome, May 1. Rome news papers announce that Father Lo renzo Perosi, the famous composer of church music- and former con ductor of the Sistine chapel choir. has lost his mind. Father Perosi was the composer of numerous or atorios. He also wrote many mass es. He is 60 years of age. We shudder to think what the bootleggers will use to make sub stitutes ' when clgarets are out lawed. McKAY TELLS HOW HE STUCK TO HIS TRADE Portland School Employee De clares He Thought He Would Have To Give Up Until Tanlac Came To His Complete Relief "If it wasn't for Tanlac I be lieve I'd have to quit the painting business," said C. B. McKay, 3733 69 th St., Portland, Or., painted employed by the Portland school board. "My stomach, kidneys and bladder troubled me a lot and my appetite was so bad I had to force myself to eat to keep going. My back hurt me so at times I thought I could not continue work. I lost much weight and kept getting weaker. "I used to think paint fumes Increased my trouble, but anyway nothing did me any good until I took Tanlac. My appetite came back and I feel altogether a dif ferent man. I advise all painters who suffer to take Tanlac, for it is simply a wonderful medicine." Tanlac is sold by all good drug gists, (adv) I BRINGING UP FATHER By George McManus I BY COUUV- I'LL 'bURPRt'bE I IT imoelco isice J ( I KNOW my I MArfWlE AN' INVITE. THE. COUNT OF VOU TO INVITE WlFE WILL . OE MILEtj TO HAVE. OlNNCK WITH ME TO A NICE. HOME LAD U-b- -bHE'LL THINK I'M fOIN' IN FE1R. OINNEJ - MR. JICC- LJj- TO bEE. III! I . . ..-.J-.. . t-i-r ti & x , t-u i t : 1 i n!" Vm i: - i?.fJ a- F dutf f Wit L . I llll I I ... . . .. . I .. . 111 m i uv TMNflW TUIft. 1 I 111: THE. COUNT DE oO 6,1 THE iRLb DAY OUT. I HAVEN'T ; MILE 3 FOR. DINNER? J IDIOT-YOU ATHIN IN THE HOU-bE- THVS j .WVTHiP'l AS' NEVER DID ANY DltCEFOL rflp "ZZZ. I ill U41 f IrK fTH.NARHT.N ,ifcv ( OH,.H.,T i j 1922 bv Int'l Feature Service Inc. ' j-jj""""" 6 S j- j I lory right 19i0 by H. C. Fisher Trade mark Reg. CJ. S. Pat. Office. j;' s s ... hardware nmHrniRi; da 480 S. CommermV Street n Phone 1650 U1U WE EK APRIL 29 TO Y 6 B n w m ihe Biggest Dicycie Special Ever Offered for National Bicycle Week Harley-Davidson Special Bicycle Note these specifications : Extra Heavy Guaranteed Fisk Tires. Heavy Motorbike Saddle. Large Rubber Pedals. Drop side mud guards with rubber splasher Morrow Coaster Brake Choice of any grips .. . And best of all a standard make bicycle guaranteed by us as well as the manufac ture. REMEMBER this is not a cheap jobbing bicycle made for sale purposes, hut a t high class bicycle that has been selling for $o2.00 regular, retail price. Be sure and investigate if you intend to buy a wheel this year. Your old wheel taken as part payment. Harry W. Scott "The Cycle Man 147 S. Commercial Street $38.50 eadl Phone 68 I hi 1 1 'mi fttmM'MiiMiiiiiiiiiw Stall lUimwi . - Ride a Bicycle.' "The sum total of economical, zestful transportation, of health-building, muscle-developing, and merry-making in the wonderful outdoor world, where Nature welcomes you as one of her own and makes you glad to be alive! "Ride a Bicycle J" Go where you want to go, when ou want to go for work or for furu See your local dealer today. Pick out the model and type you want at whatever price you feel justified in paying. Put new pep and vigor and joy into the things you do while on the job or-on vacation. "Ride a Bicyclel" RIDE A Championship Bike Arthur Lundberg CHAMPION of the Northwest Won his wonderful vic tory over a big field at Portland, Oregon, on a Dayton the fastest, sturdiest and most . de pendable bicycle on the market. His success is but an other chapter in the his tory of Dayton leader ship. The Dayton is used by champions everywhere. . .A "Leaders since your Dad was a Boy" That Lundberg should have selected a Dayton is only natural. And there are some important rea sons why you should own and ride a Dayton. See the New Dayton Models Come In Today The new models are alive with snap and class. They are fleet, sturdy mounts that will give you many years of service. We have just the attractive i odel you would like to ride. Come in and look at them today. Llyd E. Ramsden 387 Court Street. Phone 1687 "TVtilllltlllllHIIIIIIIIIII"'""1"1""""""""""""1111111111"111"""""1 1UJ!