Tttt? nronVTrr (TRFXiOXTAX, WEDNESDAY, DECEMRE 15, 1920
LUMBER AT SPOKANE
, IS CUT FIFTH TODAY
Reduction in Prices at Retail
Announced.
ALL DEALERS JOIN DROP
Tall Is Caused by Over-Supply in
local Market Dimension and
Common Boards Affected.
EPOKAKE, Wash., Deo. 11. (Spe
cial.) A 20 per cent reduction In re
tail price of lumber will so into
effect tomorrow, according: to an
nouncement today by Spokane lum
ber dealers, nearly all of whom will
30'n in the general cut.
The reduction is occasioned by an
cversupply in local lumber and will
affect dimension and common boards,
flooring and c-'llngr of local manu
facture, coast fir flooring:, coast rustic
and ceiling, coast finish, cedar shin
gles and lath.
Whi! the general reduction in the
r.ew prices to be quoted tomorrow
will be 20 per cent, the percent of
reduction from the high point ranges
from 28 per cent to 49 per cent, as
follows:
Dimension and common boards, 33
per cent; on flooring and ceiling of
local manufacture, 28 per cent; on
coast fir flooring, 49 per cent; on
coast rustic and ceiling, 40 per cent;
on coast finish, 33 per cent; on cedar
ehinglcs, 32 per cent; on lath, 45 per
- ten t.
A slight increase in . demand will
rapidly deplete stock on hand, which
will tend greatly to strengthen the
market, declared A. MacCuaig, pro
prietor of the Exchange Lumber
company.
SEW JEKSEV PLANTS SHCT
Curtailments Also Announced by
Big Manufacturers.
ELIZAfeETH. N. J.,- Dec 14. An
nouncements were made today of the
shutting down or curtailing of large
industrial plants here. The main
plant of the Singer Sewing Machine
company, employing 8000, announced
it would close from December 22 to
January 5, -because of lack of orders.
The Diehl Manufacturing company,
beginning December 18, will make a
flat wage reduction of 10 per cent in
lieu of laying off employes.
At the Moore plant of the Bethle
hem Shipbuilding corporation it was
stated that several hundred employes
had been dismissed in the last four
lays, officials explaining that no fur
ther orders were in sight.
WOOL OVERCOATINGS DROP
Auction Prices Two-Thirds to
Three-Fourths Less Than In Fall.
NEW YORK, Dec. 14. Wool over
coatings were sold at auction here
today by the American Woolen com
pany at prices two-thirds to three-
fourths less than they brought at the
opening of the fall season.
There were 8800 pieces offered and
it waa estimated that about a third
of them were sold. The auctions will
continue for three days.
TRUST RULES TOBACCO MART
Purchasing Methods and Lack of
Credit Injure Growers.
WASHINGTON, Dec. 14. Purchas
ing methods of large buyers, as well
as financial conditions due . to un
favorable foreign exchange rates and
contraction of domestic credits, are
held responsible for low tobacco
prices In a special report sent to
congress by the federal trade com
mission. It recommends:
"Kstablishment by the department
of agriculture under the warehouse
act, of a federal system of grading
leaf tobacco; revival in permanent
form of expired provisions (1916) re
lating to the use of common aerencies
in the purchase of leaf tobacco; spe-
cine pronibltion of leaf tobacco pur
chases through agencies' not disclosed
to the trade."
It was alleged in the growers' com
plaints that buyers for big companies
would not bid against each other and
the commission was directed by con
gress to investigate for the purpose
of determining to what extent, if
any, the anti-trust laws and the dis
solution decree in the American To
bacco company case handed down
by the supreme court in May; 1911,
were being violated.--
The supreme court, the commission
pointed out, held the American To
bacco company and various of its
subsidiaries and stockholders to con
stitute an illegal monopoly and un
der the dissolution plan worked out
by the circuit court, 14 companies
were organized to take over the prop
erty of the defendants.
These 14 companies were enjoined
from merging and from entering into
arrangements regarding prices or
terms of purchase or sale of to
bacco, and from doing business un
der any other than their own cor
porate names unless- their owner
ships were disclosed. For a period
of five years they were enjoined from
having interlocking directorates and
from employing common purchasing
or ales agents, but the five-year
period expired in November. 1916, and
the federal trade commission now
urges that its provisions be revived
and made permanent.
The practice of "buying' under
cover," according to the report, has
a decided effect in depressing prices
when used by any of the large companies.
A Wonderful Sale
Don't Miss It
Mathis S
uits
& Overcoat
s
1!
Blue Serges and Full Dress Clothes
. y3 off
KEN'S WEAR
Corbett Bldg., Fifth and Morrison
JRue Je
la Paix
Chocolates
Mail
Orders
Filled
I
FRESH EGG PRICES DROP
Cut Ranges From 5 to 12 Cents on
'ew York Market.
NEW YORK, Dec. 14. Prices of
fresh eggs were reduced by from 5
to 12 cents a dozen in the New York
market today, resulting from in
creased production due to warmer
weather throughout the egg-producing
areas. Fresh westerns sold
wholesale today at "from S3 to 93
cents a dozen, an average decrease
of 5 cents since Saturday.
Reports here indicated an even
greater influx of freeh eggs from the
west and southwest during the next
few days.
New low records for the year were
made again today in the market for
raw sugar, 12,000 bags of Porto Rican
sugar being sold at 4.63 cents a pound
for centrifugal
Swampers' Wages Cut.
SPOKANE, Wash., Dec. 14. Wages
of swampers and common laborers in
eastern Washington logging camps
have been cut 50 cents to $1 a day,
it was announced today by employ
ment agencies handling employment
of men for the camps. The going
wage is now $4.
Mixed Hogs Sell at $9.90.
CLEVELAND, Dec. 14. Mixed hogs
sold at $9.90 hundredweight at the
union stock yards today. This is the
lowest the market has been since
November, 1916.
MEXICAN OFFICIALS QUIT
Chief of Petroleum Department Re
signs by Request.
MEXICO CITY. Dec. 14. Complete
reorganization of trie department
handling petroleum matters was fore
cast yesterday when official an
nouncement was made that . Senor
Casillas, chief of the department, had
been asked to resign. His two most
important aides, who are charged
with irregularities in granting oil
land concessions, were also asked for
their resignations. ,
Jesus Rodrigues de la Fuente, who
was chief of the oil department until
a few days ago, resigned, according
to announcement, when investigations
indicated he and others had organized
development companies to which con
cessions were granted.
Concessions in future will be grant
ed only to companies or persons who
can prove their financial ability to
carry on exploration and exploitation,
it was announced.
STAR TWINKLES NO MORE
Famous San Francisco Publication
Forced to Suspend.
SAN FRANCISCO, Dec. 14. The
Star, prominent as a weekly publica
tion here since its founding in 1884,
suspended publication with this
week's issue which appeared today
Itv was ' edited by James II. Barry,
naval officer for the district.
The high cost of print paper was
given as the reason for suspension.
Every large city has one newspaper
which, by universal consent, is the
Want-Ad medium, of the community.
In Portland it's The Oree-onian.
wo Hundred .'Million
F.
ive
Versus
Hundred Thousan
d
Figures presented in an address last Monday before the Members' Forum
of the Portland Chamber of Commerce on Manufacturing Development in
Portland, compiled from the Statistical Department of the Chamber, showed -since
January 1, 1918, an investment of Two Hundred Million Dollars of Port
land money in outside and foreign enterprises and of Five Hundred Thou
sand Dollars in new manufacturing enterprises in Portland.
Ninety-nine and three-quarters cents on each dollar invested went out of
Portland to build up- other communities, and only one-quarter cent stayed in
Portland to build up Portland.
A vegetable oil man recently in Portland, commenting on this situation,
said, "If Portland continues placing all its surplus money in outside invest-
' ments to build up other communities, it need not expect other communities to
invest in Portland." He further said, "Portland is sending Mr. Frank Branch
Riley east to lecture on the advantages-of Portland as an investment and
manufacturings-center, but when his hearers investigate the local Portland
situation they will go elsewhere."
SELL PORTLAND to the world 'by your enthusiasm and by your belief
in Portland, but do not stop there; .
BUY PORTLAND with your money stop sending all your money away
to build up other communities.
PORTLAND MUST CHOOSE between now and January 1 between sup
porting the upbuilding of a vast industry here or letting it go elsewhere. This
company is but the entering wedge. Its establishment here, means the bring
ing of allied industries to Portland. -
We still need subscriptions of $25,000.00 to save this industry to Portland.
We will not locate here without sufficient local support to assure success, and
" that amount is $700,000, fully subscribed before letting contracts for building
our plan
- Subscribe Without Further Delay
- .
Portland Vegetable Oil Mills Go.
H. H. Ward, Director in charge of Financing, 805-806-807 Wilcox Building, Portland, Or. Main 821.
i
Ox
I S
Any Woman Would Be Delighted to
Receive Such a Gift and You Save a Half
The Second of Three Very Important Events!
1 85 Luxurious Silk and Wool Dresses
Reduced to Exactly Half Price
For Women
Distinguished Styles for Formal
and Informal Wear
For Misses
Such Wonderful Dresses Make
Truly Lavish Gifts
AT THESE SAVINGS we know many women will select
several frocks for the winter social season.
There are so many occasions when a smart tailored cloth dress,
beautifully beaded and embroidered, is especially appropriate.
For afternoon events there are charming silk frocks.
' Third Floor Lipman, Wolfe & Co
ome bewitching dresses for dinner and dancing are likewise
included.
- Every dress in the sale is new this season and highly desirable,
but, naturally, women who come at 9:15 will secure the very
widest choice. Every sale final.
2,
c travel'
Companion
ideal
For the tedious Pullman jour'
ney or for the long hours on the
ocean a box of chocolates, made
by Sweet's of Salt Lake, is always
most acceptable.
That's why Sweet's 13 so often
one of the first purchases of the
experienced traveler, in anticipa
tion of holiday trips.
There's material for manv
pleasant hour boxed up in each of
the well'chosen Sweet assort'
ments. Luscious cream and nut
and chewing centers extra-heavy,
wholesome chocolate coatings a
variety of shapes and flavors sure
to please.
Be sure you've a box on hand"
for your hohday journey.
cAl better dealers here sold
from Alaska to Australia.
The New Filled Candy
in the Handy Tin
And herea a new Swket specialty
you will surely want to try : Luscious
cream-filled, crisp-coated gloss candies,
kept fresh in individual air-tight tins
a dozen dainty flavors ideal for table,
home, motoring or any other use.- Aslc
your Dealer.
SALT LAKE
'Uasit Gloa Vn
CHOGO
'LAT
w. c. Allen candy company,
Portland, Or.
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