Image provided by: Crook County Historical Society/Bowman Museum; Prineville, OR
About Crook County journal. (Prineville, Or.) 189?-1921 | View Entire Issue (July 12, 1917)
JULY 12, 1017 CROOK COUNTY JOURNAL PAGE 7 The Livestock Industry and Loan Gompanie Financial Aid For Stockgrowers is Necessary Hy W. I'. JiUkcy) With the IncroitRfd consumption of bi'i f, tint atti'iidulit decrease in production and the diminishing range fur running livestock, the nedof flnaiii'lal aid for atmkgrow er In the northwest became evident In order that the development of the livestock Industry nilKht bn special ised. Out of thin wai horn thn Idea of a cult In loan company, which now play auch an Important part In the production of beef, mutton and pork In all parta of the country. Otic, of these, known a Portland Cuttle l,oti Company, which main tain ItH principal office at thn Union Ftork Yard, North Portland, Ore gon, opratia In a territory Includ ing Oregon, Washington, Northern C.llforula. Nevada, Idaho, South western Montana and Wyoming, and abice Ita Inception over five year aro. haa loaned more than forty-five million of dollara to atockmun In thta locality. Thl company atanda r'ady at -alt time, under normal condition, to advance money to re- l!;;liln and responsible atock men for the purpoan of assisting theni to buy atock and prepare It for market Hheep feeding loana are a I no solicit' f1, nlthouKh the requirement of breeder of aheep are referred to, and taken rare of, by, another com pany which haa been organized for .that purpoae and which haa Ita ofllcua at North Portland. In ronaldertnn an application for a loan, the usual requirement of the careful banker are observed The successful applicant muni be a man of Integrity and of good repu tatlou In hi own community; must have ability a Judge and feeder of livestock; muat own adequate t'ed, free and clear of encumbrance for the proper maintenance of the atock during the period tho loan will run; muat be well equipped with aulTlclent water and ahelter, and have hi feed accessible for winter feeding; and have adequate water aupply and range right and proper fencing for running cattle through the aummer. An' Important feature I to have the holding brand on each animal and a description of auch brand muat be recorded In the proper place. " To Inaure wifely of Ita Investment, and In order to keep In touch with condition In the field and come In personal contact with It borrower, thl company maintain, at alt tlmea, four and Ave representative throughout the territory In which It operate, These men make it a point to aee each borrower at least once during the life of hi loan, or more often If more than six or seven month' lime I taken for it liquid ation. They do not call In the ca pacity of detective, but simply a Inspector of a given security and a a personal emissary " from the Loan Compuny. In many case the Loan Company work through the medium of re sponsible bunk, furnishing an out let to theo bunk for the accommo dation of their customer whose re quirement they are unable to han dle through lack of fund. Tho knowledge which the local bank ha of it customer' operation com bine with the resource and organi sation of the Cattle I,oaii Company to vreate an investment, which In the aggregate, la of Inestimable value to the growth of the livestock Itiduatry, and, In it turn of even greater value to the community. Million of dollar have been brought Into this tection of country through thin mean, with a result which I recorded In more complete ly clocked ranges, re-establishment of feed lota and .the accompanying possibility of marketing hay through the atock at good price per ton, and the greater case with which re sponsible feeder and breeder, large or small, find financial assist ance for their operation. PORTLAND A WOOI, MARKET (By E. W. Rumble) A comparatively new industry to Portland I the wool warehouse idea. During the paet two years Portland has made wonderful stride In till direction. Wool warehouses and scouring plants have been es- Bo Dine & Clark Livestock Commission Company Portland Union Stock Yards From sires tablished. The object of the wool warehouse ' companies is to centralize North western wool marketing In Portland. Here no wools are boueht bv the wool warehouses flirectlv hilt nit I wool I held on consignment, their position being to the wool industry practically the aame as that of the Stock Yards to the live stock in dustry. Bias is done away with by this method, and the paramount interest of the consignor Is held as the Important Idea. Aside from this phase of the Portland wool in dustry the grower Is financed to an extent consistent with good banking either before or after shearing so as to enable the producer to realize top market prices. There are nearly 60,000,000 pounds of wool yearly In Portland territory that either must be con signed to or marketed through Port land in consequence of traffic being opened through the Panama Canal. The real advantage is to consign here, since the water rate from Port land to Boston has an advantage over the rail rate from the interior. This is the second season for the like this the best stock 2r Portland wool market and it shows a growth of over GOO per cent in amount of wool handled. It is ex pected that next season will show a corresponding growth. President Barratt in bis annual address to the Oregon Wool Grow ers' Association confirmed this state ment in the following words: "Personally, from past experience, in years gone by, I am not partial ' to the practice of consigning my wool or putting it in the bands of middlemen, if I can obtain prices to Justify my selling at home; but on the other hand, If prices offered by home buyers are not up to the quo tations of market values, then I would refuse their offers and either hold my wool in home warehouses or patronize the Portland market. For by so doing I would have my wool practically at home and in a measure control the disposition of It, and furthermore I would be en couraging an infant and home in dustry on the Pacific Coast, for with our waterways open to the sea, the Panama Canal open to the traffic of the world, Portland la destined to become one of the principal wool is produced :'f - markets." THE HHEEP SITUATION IX THE NORTHWEST (By Walter M. Burrows, Sheep Buy er for Union !eat Company) From present indications it looks as though the sheep and lamb mar ket for the coming season will . be extremely high and everyone con cerned knows that there is a great shortage in all the Western States owing to a severe winter and the scarcity and high cost of feed. The percentage of lambing in the four Northwestern States will be about as follows: Oregon, 60 per cent; Idaho 50 to 55 per cent; Montana 50 to 60 per cent, Washington, which fared bet ter than the other Northwestern States, will be around 100 per cent. All during the past winter sheep and lambs have been sold at ex tremely high prices, although this product has been relatively cheap compared with other food commod ities, which lias been due to the high value of wool, skins and other by-products of sheep. As long as the War continues Sevier Commission Company Consign Your Stock us for Best Results Write or Wire For Market Conditions We Make a Specialty of Handling all Kinds of Feeder Stock Union Stock Yards North Portland, Oregon and even after It is over, the sheep men are going to realize exception ally high price for their wool, a there i a world shortage and It will take years to replace the de ficiency. The only way thi can be done i to raise more sheep and to this end every farmer In the North west should "do his bit. There Is no farm or ranch too small to ac commodate a few sheep and they require very little attention. It should be the duty of all public spirited organizations and citizens to encourage lamb club among boys and girls along with the pig clubs and the results would be just as profitable or more so. On account of this spring being so backward it has been next to Im possible to get' sufficient spring lambs or early grass sheep to supply the mutton demand on the Pacific Coast. In ordinary years where we looked to the Willamette Valley to get our supply of lambs, we hays not had enough lambs from this sec tion this year to make one day's killing. . , The demand for wool and woolen goods, also the heavy demand for mutton warrants the belief that we shall see a continuation of the present high prices and it is even safe to predict that we will have much higher prices before the year is finished. A NEW FEEDER MARKET Although North Portland has not been advertised as a "feeder" mar ket, the buying of feeders has in creased year by year. This year's activity in this section of the market has increased considerably. There are several advantages that the feeder buyer at North Portland has. This is a primary market and the buyer is assured that his pur chases are not worked over staff from other yards. The source of supply is another consideration that the buyer looks to. The feeders are consigned from Oregon ranches for the most part, while California sup plies a portion. These feeders are well bred and are profit makers for the buyers. The shipments this year had broader ontlet than before supplies having been shipped to Washington, Oregon, Idaho, Montana and Ne braska. to