THE BAKER COUNTY PRESS — 3
FRIDAY, SEPTEMBER 29, 2017
Business / Agriculture
Classy Lass opens on
Washington in Baker City
BY SAMANTHA
O’CONNER
Samantha@TheBakerCountyPress.com
August 16th, Maria
Shambaugh held a soft
opening for her business
Classy Lass Boutique,
now located at 1915 Wash-
ington Street. This is the
first business Shambaugh
has owned.
“I really love clothes,”
explained Shambaugh.
“Ordering online is not
very fun, but I love getting
new clothes, and people
enjoying shopping. We
don’t have crazy outra-
geous prices, so it’s kind
of fun to shop local.”
Shambaugh explained
that she tries to use USA
made items as much as she
can. They offer plus sizes
and regular sizes in differ-
ent styles, such as western,
business casual, and floral.
They also have children’s
clothing that is made in
Texas and order clothing
from Los Angeles.
“We get scarves and
we’re just trying to do
a well-rounded amount
of different fashions and
styles,” explained Sham-
baugh. “We’re going to
expand our plus sizes too,
once we’re open a little
longer and get more of a
clientele. For now, we have
a small amount of plus size
and the rest just depends
In the pamphlet, it
emphasizes that “Dolly
Parton’s Imagination
Library is not a charity or
social service—it is a gift
to all preschoolers in the
community.”
Duke explained that
“The books are free to the
parents— that’s the thing;
not only are they free, but
we are actually prohibited
from asking the parents for
money. There is no charge
to the family at all. There
is no catch in this program.
The Dollywood Founda-
Prices trended generally steady. Sporadic rain
showers and thunderstorms in hay growing areas
have increased rain damaged hay availability.
Fires and smoke throughout the state have slowed
movement of hay due to highway closures and fire
mitigation. Retail/Stable type hay remains the larg-
est demanded hay. The export market demand has
increased as compared to prior reports.
— Cattle Market Report —
Wednesday, September 20, 2017
Vale, Oregon
Cattle sold through the auction: 1024
Samantha O’Conner / The Baker County Press
Classy Lass owner, Maria Shambaugh.
on the brand and the style.”
She plans on having
seasonal clothing, and her
current summer clothes are
on the sale rack and are
bringing in their fall inven-
tory. They will also have
winter inventory available.
Shambaugh moved to
Baker City to be with fam-
ily, who live in Keating,
and opened her store.
“I like clothes and I
know shopping in Baker is
really hard,” said Sham-
baugh. “Because we only
have a limited amount of
stores and stuff like that
and it’s really hard shop-
ping online. I’ve talked to
a lot of girls—it’s really
frustrating because a lot of
models are a size zero and
you might not be. It’s kind
of nice, we have a chang-
ing room. I always tell
girls come try on clothes.
If it doesn’t fit, it’s worth a
try and the worst that hap-
pens is it doesn’t fit. We
want shopping to be fun.
Just have fun and try on
clothes and different styles,
so you know, it kind of
gets you out of the comfort
zone a little.”
She explained that they
have limited quantities of
everything and they only
get a certain amount of
things.
“I try to tell girls, ‘If you
like it, I can’t promise your
size or even that will even
be here the next time you
come in,” Shambaugh said.
She explained that they
receive new shipments of
clothing every week and
will have different styles
available.
tion is not going to sell the
list to Gerber or Pampers.
That stuff simply doesn’t
happen.”
The program starts with
“The Little Engine that
Could” by Watty Piper.
Children will be sent age
appropriate books, includ-
ing two bilingual books a
year.
Duke went on to explain
that “it’s required that this
program, once you define
a geography, it is open to
every single child in that
area.”
He explained “The thing
is; there is a cost to the
program. Just because
we don’t ask the parents,
doesn’t mean it’s not
there. Dollywood Founda-
tion takes an enormous
percentage of the cost off
the table.
“But the cost to the pro-
gram for a local commu-
nity is twenty-five dollars
per child, per year. That’s
twelve books mailed
directly to a child over the
span of a year.
“If you start a child at
birth and goes to five years
old, they will receive 60
books that are theirs to
keep, it is their collection.
That, for the local com-
munity that is hosting the
program, will have cost
$125 over the five years.”
Duke also explained that
a requirement for the local
program is the affiliate,
who hosts the program, is a
501 C3 non-profit.
“The Baker County Li-
brary Foundation commit-
ted to the Dolly Parton’s
Imagination Library a year
ago,” explained Aletha
Bonebrake, board mem-
ber of the Baker County
Library Foundation. “And
we are working on the
process and fundraising for
it. We want to have the first
two or three years covered
before it rolls out.”
Ash Grove Cement announces sale
Ash Grove Cement
Company announced last
week that it has entered
into a definitive merger
agreement with CRH plc,
under which CRH plc will
acquire Ash Grove in a
transaction valuing Ash
Grove at $3.5 billion on
an enterprise value basis.
The transaction has been
unanimously approved by
the board of directors of
Ash Grove and is currently
expected to close in late
2017 or early 2018, subject
to stockholder approval,
regulatory approval and
other customary condi-
tions.
In announcing the trans-
action, Charlie Sunderland,
chairman of the board,
said, “CRH, as our largest
customer, has enjoyed a
close and highly produc-
tive relationship with Ash
Grove for many decades.
The board of directors
believes that CRH will be
able to take Ash Grove to
its next phase of develop-
ment after 135 years in op-
eration and over a century
under the stewardship of
the Sunderland family.”
Under the terms of the
Friday, September 22, 2017 — Eastern Oregon
Tons Price Range Wtd Avg
Alfalfa / Large Square Premium
200 165.00-165.00 165.00
Alfalfa / Orchard Mix Large Square Good
30 140.00-140.00 140.00
USDA Market News Service—AMS.USDA.gov
Dolly Parton’s ‘Imagination Library’
CONTINUED FROM
PAGE 1
— Weekly Hay Report —
merger agreement, Ash
Grove stockholders will
be entitled to receive cash
merger consideration com-
prised of a pro rata share
(based on the number of
shares of stock outstand-
ing) of the $3.5 billion
enterprise value, minus ad-
justments for certain non-
controlling interests and
debt-like items and certain
other liabilities, and further
adjusted to the extent net
working capital and cash
on hand at closing vary
from certain thresholds.
It is expected that ap-
proximately 98% of the
merger consideration will
be paid at the time of clos-
ing based on estimated in-
formation, and an addition-
al amount, if any, will be
paid following completion
of a post-closing adjust-
ment process intended to
“true-up” the closing esti-
mates to actual amounts as
of the closing date. While
the final amount of the
merger consideration will
not be determined until
following closing of the
transaction due to fluctua-
tion of certain components
thereof through closing,
the Company currently
estimates that the final
amount of merger consid-
eration will be in the range
of approximately $449
- $454 per share based on
Ash Grove’s balance sheet
as of June 30, 2017.
In addition, prior to
closing of the transaction,
the Company intends to
pay dividends of excess
cash currently anticipated
to be in the range of ap-
proximately $617 - $706
million in the aggregate, or
approximately $82 - $94
per share of outstanding
Common Stock and Class
B Common Stock, and $86
- $99 per share of out-
standing Class D Common
Stock.
Following execution
of the merger agreement,
stockholders represent-
ing approximately 63.5%
of the outstanding voting
stock executed written
consents approving the
transaction, of which
consents representing
approximately 31.5% of
the outstanding voting
stock became effective
immediately and consents
representing approximately
31.9% of the outstanding
voting stock will become
effective on Oct. 5, 2017,
thereby constituting
stockholder approval of the
transaction, unless prior to
such time certain events
occur as described in the
merger agreement.
Copies of the merger
agreement and voting
agreements are available
from the Company on re-
quest, or on the Company’s
website.
J.P. Morgan Securities
LLC is serving as financial
advisor to Ash Grove and
Skadden, Arps, Meagher
& Flom LLP is serving as
legal advisor.
Ash Grove Cement
Company is a leader and
pioneer in the cement
industry.
For 135 years, Ash
Grove has provided port-
land and masonry cements
to construct highways,
bridges, commercial and
industrial complexes,
single- and multi-family
homes, and other important
structures fundamental to
America’s economic vital-
ity and quality of life.
Steer Calves
300-400# Bulk 154.00-173.00 Top 182.00
400-500# Bulk 137.00-169.00 Top 171.50
500-600# Bulk 131.00-160.00 Top 160.50
Heifer Calves
300-400# Bulk 142.00-158.00 Top 163.00
400-500# Bulk 137.00-151.00 Top 153.00
500-600# Bulk 128.00-144.00 Top 144.75
Yearling Steers
600-700# Bulk 142.00-155.00 Top 156.00
700-800# Bulk 134.00-146.50 Top 147.50
800-900# Bulk 128.00-137.00 Top 138.00
900-1,000# Bulk 117.00-131.00 Top 132.50
Yearling Heifers
600-700# Bulk 123.00-142.00 Top 143.50
700-800# Bulk 124.00-136.00 Top 141.50
800-900# Bulk 119.00-133.00 Top 137.00
900-1,000# Bulk 114.00-124.00 Top 126.00
Thin Shelly Cows 39.00 - 57.00
Butcher Cows 61.00 - 69.00
Butcher Bulls 67.00 - 79.00
Stock Cows N/A
Younger Heifers 69.00-94.00
Stock Cows Young - 1350.00 - 1600.00
ProducersLivestock.com
541-473-3136
— Log Price Report —
Prices are based on the majority of saw mills in
Northeastern Oregon and Central Idaho. The prices
listed below are a composite prices of various saw-
mills willing to visit with me about this topic.
Ponderosa Pine—small diameter class 8-11 inches
diameter class $250 per mbf. Only one sawmill was
willing to buy small diameter pine at this time.
Ponderosa Pine—medium diameter class 12-17
inches diameter class $300 to $350 per mbf
Ponderosa Pine-large diameter class 18 plus inches
diameter class $380 to $410 per mbf
The Pine prices are still approximately $40 per mbf
below average lumber/log market due to 2017 fire
salvage
Doug Fir & Western Larch—$380 to $420 per
mbf. Normal prices typically ranged between $425
to $475 per mbf.
White Fir-$300 per mbf. Normal prices typically
ranged between $340 to $360 per mbf.
Engelmann Spruce—$350 at one Idaho sawmill,
other sawmills including with White fir prices.
In general, the log prices still impacted from 2015
fire season and fire salvage that resulted. Sawmills
are starting to get log yard inventory in line with
sawmill production needs. With a new Administra-
tion as of 1/20/2017, a more normal economic envi-
ronment should result and hopefully a more healthy
housing situation will result in a better climate for
Northeast Oregon Sawmill and private forest land-
owners.
Courtesy of Arvid Andersen,
Andersen Forestry Consulting
— Precious Metals Report —
Price per ounce, USD
Gold: $1,297.30
Silver: $16.88
Platinum: $927.28
Palladium: $915.93
Bloomberg.com
— Ag Commodities —
Corn: $351.50/bu/USD
Wheat: $454.25/bu/USD
Soybeans: $964.00/bu/USD
Oats: $249.00 bu/USD
Rough Rice: $11.97/cwt/USD
Canola: $491.90 CAD/mwt
Live Cattle: $113.48//lb./USD
Feeder Cattle: $152.18/lb./USD
Lean Hogs: $58.10/lb./USD
Bloomberg.com