8
OF
BUSINESS IMPROVE
Money Market Eases Up and
Investment Situation Is
iVIuch Stronger.
$100,000 SALE IS CLOSED
Half Block on Kast Side and Sev.
rral Smaller Parcels Included In
Week's Activity -'Building
Permits Xormal.
There has been a notable strength
ening of business and financial con
ditions during the past two weeks.
The Improvement is noted not only in
Portland, but throughout the North
west. Reports from various sources
Indicate that business will be unusual
ly good during the remainder of the
year.
The banks seem to be easing up and
encouragement Is being given to all
legitimate channels of trade and
sound investment and Industrial en
terprises. Loan brokers announce that
money Is plentiful for real estate
securities. Within the past two weeks
several big loans have been placed on
downtown property at 6 per cent, and
In one instance a loan was made at 5
per cent. Small loans drawing 7 and
8 per cent form the larger part of the
mortgage loan activity.
Among the important deals of the
week was the exchange of East Side
property valued at $100,000 for a Gil
liam County wheat farm of 3360 acres
valued at 198,400. The city property
Involved In the deal Is the south one
half of block 165 fronting on Belmont.
East Seventh and Kast Eighth streets,
owned for several years by Rudolph
Klssllng and associates. The prop
erty Is Improved with a good brick
building and several frame buildings.
The wheat farm was traded by E.
Tobey, of Eugene. It is well improved
and equipped with stock and machin
ery. It is Mr. Klssllng's intention to
muke his future home on the farm.
The deal was negotiated by Sullivan &
Cather and U K. Moore.
Nancy Y. Gibson purchased from the
Fidelity Trust Company Ave lots on
the north side of Weidler street, be
tween East Twenty-ninth and East
Thirty-second streets. for $21,250.
G Feldschau sold to V. C. Haworth
lot 7. in block 1, Wehman's addition,
for MB. 000. The lot is Improved with
a frame building.
E. W. Matthews purchased from
Ottllle Hoessly a tract of 40 acres in
section 25. township 1, in the John
Qulnn donation land claim, for $19,000.
Mortgages filed for record in the
County Clerk's office last week repre
sented a total of $482,628. Among the
large loans was thru placed on the
property of the Portland Social Turn
Verein at the northeast corner of
rourm and 1 amhlll streets by the
Commerce Trust & Savings Bank, for
$80,000. The loan draws 6 per cent.
The money will be used for the erec
tion of the new Turn Verein Hall on
Thirteenth street. Sarah C. Poster
loaned to George E. Jacobs $20,000 on
lots 9 and 10. in block 2, in the M.
Patton tract, at 7 per cent. The Sunny
side M. E. Church borrowed from the
Board of Home Missions and Church
Extension of the M. E. Church the sum
of $15,000 at 5 per cent.
The Kern Farkeed & Fuel Com
pany has purchased of J. M. Barber an
acre and a half on the south side of
the Foster road, between East Sixty
seventh and Kast Sixty-ninth streets,
for $10,000. This property was for
merly owned by the Portland Railway,
Light & Power Company and used as
a gravel supply. There Is a deep ex
cavation on the property. The prop
erty will be used by the new owners
for bunkers and for coal, 3and and
gravel, and the improvements will be
started In a short timet.
There were Issued 13( building per
mits last week representing a total
valuation of $218,565. The only lar:
permit was for the eight-story flr
proof structure for the Title & Trust
Company, which will be built imme
diately on the west side of Fourth
stveet. between Stark and Oak streets.
it will cost sSj.000. The larger
portion of permits call for the
lion of medium-priced dwellings
pro-erec-
The summary of the week's permits
Is as follows:
.ionciay 4
Tuesday 27
Wednesday j 5
Thursday 211
frlday ; o
Saturday , s
$ 2B..-50
"28. .".40
2S.0SM
1 11.245
laTsjo
v.ooo
Total . .130
MOI.AM.A I-. ACTIVE
$218.r.C5
PLACE
Residents Arc in I ted as Boosters for
Tlieir District.
"Molalla is a town without a
knocker in It." was the boast of G. J.
Taylor, secretary of the Molalla Com
mercial Club, who visited the Portland
Commercial Club last week to have the
club he represents placed In the roster
of the Oregon development League.
The Molalla Club is the youngest
club In the League, having been organ
ized only a few weeks ago. Plans are
already being made by the citizens for
great celebration on or about July 4,
when the Portland. Eugene & Eastern
Railway will enter the town. Every
citizen Is Joining in the movement for
the celebration, and nearly everj- citi
zen is an active member In the Com
mercial Club.
"There Isn't a dissenter among us,"
says Mr. Taylor, "and not an atom of
Influence ls at work to prevent us
from doing everything for the success
of the coming elebration and for the
further upbuilding of our town."
l.A GRANDE lUIl.IMNt; GAIN'S
I to OCX lis for Ma Double High Rec
ord for Month Made Year Ago.
LA ORANTiE. Or.. June 7. (Special.)
La Grande this year is gainirlg over
last year's record, which up to that
time was the high murk. Building per
mits issued for May amounted to $51,
2S4. against $22,100 last year. April,
this year, slso exceeded that of last
year, being $51,725. against $23,870 last
year. The htrgest permit this year was
for the erection of a grade school on
North Second street, to cost $.'S,000. the
next being the remodeling of the Jay
Brooks store at an expense of $7500.
Most of the permits were for dwellings!
It is estimated that between 75 and
100 dwellings are now In course of con
struction. DAUiAS PAVING TO START
Contractors to Open Plant June 10
and Additional Work Eipccted.
DALLAS, Or.. June 7. iSpeclal.)
The streets of this city present a much
ALL BRANCHES
disturbed appearance at present, owing I r----tr.. ............ i - '
to tne replacing of the water malm, - -...... . ntm. nTI mnin ;,.-.
7 h PROGRESS MADE OUT NEW CITY JAIL I PFIRTI A N M 5 F NFT
structlon of the hard surface will com- ! . I !
mence. i netr contract calls for nine
blocks, but petitions are coming Into
the City Council for additional pave
ment and it Is believed that before the
season is over at least 15 blocks will
be paved.
The main street of the city will be
paved first, so that it will be in condi
tion for use during the Fourth of July
celebration.
FIIjM.3 ARE TO SHOW 1NTEKIOB
Central Oregon to Be Exploited in
Motion Pictures.
Central Oregon now Is to be shown
to the world In motion pictures. Its
peculiar industries aiu It. vrii
tlvitles have been made the subjects
of a series of films that will be dis
played wherever motion-picture thea
ters are operated and patronized.
Uoyd V. McDowell, publicity afjent
for the Great Northern Hallway lias
Just returned from a trip through the
interior with about 3000 feet of high
class films. The pictures were made
by Ralph R. Earle. representative of
tr.e I'athe Weekly, which operates a
news" service in pictures throughout
the world.
Some of the pictures were obtained
on "Bill ' Manley's ranch in Harney
County. Mr. Hanley conducted a
.ui:u-up oi cattle ror the particular
benefit of t)ie picture man. Irrigation
works, logging scenes. plowing and
other industries typical of the central
portion of the state also were repro
duced on the film.
ACTIVE MARKET NOTED
DEMAXD FOR CITY AND FARM
PROPERTY IS BIG.
Sales by Dorr E. Keasey & Co. Aver
age S5O0 0 Daily for Past
Several Weeks.
"There ls no flash in the pan to the
improvement in the real estate market
In Portland," remarked Door E. Keasey
oi tue Dorr K. Keasey Company, yes
terday. "Things began breaking bet
ier snout April 1 and our sales
nave oeen steadily increasing. During
-v auu me nrst two weeks in May
our sales covering all classes pf prop-
eiiy, irom tne vacant lot to the 1100-
acre stock: ranch In Curry County pur
chased by Dr. J. F. Wetherbee, aver
agen Dener than $6000 a day. This
average has been increased materially
by the sales of the past two weeks.
"While the small home buyers are fol
lowing the advice of the small home
sellers to jay like rent" they have
given quite a zest to the generally Im
proved situation by the volume of their
Dusiness. We have been especially
active In the Hawthorne district. On
one street alone. Marguerite avenue, we
have sold five homes during the past
.mo saies were made for all
cash.
"We are glad to see in some sections
along the lnterurban electric lines a
return or acreage values to figures
where a man can buy, produce and pay
me iana irom tne products of the
land.
"We have had a most satisfactory
Spring In sales and exchanges of farm
properties. Two features have prob
ably worked together to bring about
this condition; the country looks at
Its best with every prospect of bumper
crops, and the holders of large acre
age are taking more klndlv to the irln
of intensified farming and are cutting
"a nicir uuiuings. Aaa to tnis the
ever-present unrest of the farmer to
unom tne city looks good, and that
same ever-present unrest, especially at
this season of the year, which Is stirred
In the breast of the city wage worker
to get out on a place of his own. and
you have the motive forces which have
made this Spring a banner one for the
rarm business.
"We have noticed a finer discrim
ination a more intimate knowledge of
which constitutes a well constructed
house, the future of a residence dis
trict: not overlooking a favorable in
terest rate, taxes, city liens, and the
numerous other contingent Incum
brances which attach themselves like
barnacles to every house sale.
"Our sales by the end of June will
have averaged $7500 a day for t.iree
months."
WASCO COUNTY FAIR IS AIM
Appointment or Agriculturist Also to
Be Crged on Court.
HEPPNER. Or., June 7. (Special.)
The fourth monthly meeting of the
Morrow County business men was held
at the Oddfellows- Hall Wednesday
night. Farmers in all parts of the
county were well represented. C. E.
Woodson presided, and following an ad
dress by O. M. Plummer, of Portland,
in behalf of a county fair and the em
ployment of a county agriculturist,
resolutions favoring both propositions
were u-uupiei:. a committee was
pointed to urge the matter on
ap
the Wasco county Court.
The commitee appointed to solicit
a bonus for the drilling of a test artes
ian well. In the northern part of the
county, reported that subscription!
were being taken and that the outlook
was bright. W. P. N.-wlon, who made
the proposition to drill the well, whs
present, and extended the time within
which the bonus may be raised.
After a lively discussion of the ques
tions pertaining to good roads, refresh
ments were servtl.
WEIBERG HEIGHTS
RESIDENCE OK V. M. SIIVA, BUILT AT A COST OF S6SOO.
One of the attractive homes In the Weiberg Heights district is that
of Captain V. M. Sllva. at 402 East Forty-ninth street. North. The
house contains two stories and basement and is modern in all details.
It was built at a cost of $6500.
THE SrDAY
Work is being pushed on Portland's new Cltv Jail hunriir,, Q
Second street and 90 feet on Oak street t, J,S lZ. J..tr . ?"isn'.
are the architects
MAY TRADE REVIEWED
SECURITY MARKET AFFECTED
THROUGHOUT WORLD.
Belief Held That Problems Vexing
Business Men Will Be Settled
by Early Part of Fall.
Reviewing financial conditions for
the month of May. Spencer, Trask & Co.
In their advance sheet received yester
day by Wilfred Shore & Co., says:
"May, true to Its tradition, proved an
eventful month for the security mar
kets for the world. In Europe, as well
as here, financial communities were
held in check by forces of a political
nature, in addition to which they had
to contend against the unhappy Influ
ences of a listless public refusing, or
showing only a half-hearted Interest.
In the many appetizing dishes laid be
fore them.
"In our own markets the chief offer
ing was one of $45,000 44 per cent
bonds of the city of New York. While
the loan was about 60 per cent over
suDscriDed.-thus Justifying the official
version of success, it should be re
membered that the price was the lowest
ever previously received bv the cltv
and netted even less than the offering
maae in tne month immediately preced.
ing the panic of 1907. when an un
healthy situation already existed.
"Our civic pride may find a doubtful
consolation in the fact that abroad
loans of a similar character fared in
finitely worse. From a careful compi
lation we find that of a total of $134,
000,000 less than $15,000,000 was sub
scribed by the public, the remainder
being left in the hands of the under
writers. As the latter will be forced
to borrow on the unmarketed nortinns
of their subscriptions, this will add a
further burden to the foreign financial
structure. Only one issue was well
received abroad. This was the Chinese
oan which was oversubscribed in
London about 15 times and from four
to six times In Berlin and Paris. In this
case the offering price was exception
ally liberal a full 5 V. per cent basis.
and while the bonds may not appeal to
tne conservative investor, they at least
have the practical backing of five
great powers. This was evidently suf
ficient to make the loan distinctly pop.
uiar, ana tends to show that there ls
money to invest plenty of It. but the
terms must be usurious lh comparison
with former rates.
"Now that peace between the allies
and Turkey has been signed after many
exasperating delays, the political ten
sion will be relieved of that incubus,
and it ls to be hoped that the pressure
wlilcn finally whipped the allies into
line will prevent a split among them
selves. We doubt very much If the for
eign investor will discard all fears of
war until tne allies have composed
their differences, and the armies of
Bulgaria, Servia and Greece have again
been placed on a peace footing.
As we read It. the public has been
too often misled In this Balkan affair
by the talk of peace that did not come
to shake off Its doubts until the lasl
HOME ATTRACTIVE.
OREGOXTA5. PORTLAND,
F"INE STHICTIHE MAY r:oT -.
"
note of discord has died away In South
eastern Europe. When that time comes
we think the huge stores of hoarded
gold will find their way back Into le
gitimate channels, thus easing up a sit
uation which even comparatively speak
ing can be called strained. The ni.
j tion is one which we over here should
' follow clnccliT
------ Qa ou own monetary
condition 1b such that we may be verv
glad to have the financial assistance
of Europe In the Fall. In the mean
time our banking officials are not rest
ing content with merely hoping for
foreign assistance, but are thoroughlv
alivo to the problems that will con
front them if our crops turn out as
large as they now promise to be. The
fact that on one hand New York bank
reserves are Increasing and that on the
other bank clearings have fallen for
the last consecutive weeks, indicates
that our banks are taking the neces
sary precautions to keep their resources
in a fluid condition.
"Another indication is that banking
institutions as well as those controlling
extensive investment funds are limit
ing their accommodation to those who
are really deserving of credit and whose
position ls Inherently sound. The re
ceivership of the St. Louis & San Fran
cisco is a case In point. To a certain
extent its difficulties may be traced
to the result of floods, adverse legisla
tion, high cost of labor and supplies,
and the many other problems railroads
nave to meet these days, but all of
these effects might have been overcome
if the road in Its recent past had been
built up along sounder lines.
"For this reason we do not believe
that Its fall ls in any way symptomatic
of the railroad situation in general, al
though In several cases the margin
after Interest may quite conceivably
approacii the danger line If continued
increases In wages are allowed and If
business suffers a really sensible and
long-sustained reduction.
"While we do not expect a more quiet
tone In the coming Summer months, we
do not believe it will be so great but
that the slack could be easily caught
up later in the year If conditions were
ripe. We believe that by Autumn a
number of the problems now vexing
our financial and business men will
have been settled: the revised tariff
bill should have been passed by Septem
ber or October, but then the Interstate
Commerce Commission may have allowed
the 5 per cent increase In freight rates
demanded by the Eastern railroads, and
there ls also the possibility of some bill
having been passed amending our
wretched currency laws. By then t-io,
the investing public will have the
chance to get Its proper bearings. In
short, by the Fall we should know much
better what our true economic situation
promises to be for the next few years."
CLUB WILL WIDEN SCOPE
Greater Medford Organization to
Take Up Department Work.
MEDFORD, Or.. June 7. (Special.)
The annual meeting of the Greater Med.
ford Club Monday and the entertain
ment of Dr. Bertha Stuart and Miss
Harriet Thompson, of the University of
Oregon, brought the club's activities
for the year to a close. At the annual
meeting the newly-elected president,
Mrs. E. E. Gore, was" installed and the
reports of committees read. The club,
which was organized five years ago at
the home of Mrs. W. I. Vawter with 20
members, now has 130 members and
besides being active in all forms of
civic work, which was the original pur
pose of the club, the women have taken
up the departmental plan, have Joined
the State and National Federation and
are making their Influence felt In all
cultural and educational movements In
Southern Oregon. The treasurer's re
port showed a balance of $341.40.
During her stay in Medford Dr. Stuart
gave two lectures on physical culture
to the girls of the high school and
organized an athletic club. She gave
lectures on "Food and Dietetics." "So
cial Hygiene" and "The Public Play
ground" and the club entertained with
a reception Wednesday and a luncheon
Thursday. The club year book ls In
the hands of the press committee and
will contain complete programmes of
the music, literary, educational and
home economics departments.
Chehalis Club Picks Secretary.
CHEHAUS. Wash., June 7. (Spe
cial.) The Chehalis Citizens" Club
trustees have offered the position of
secretary of the organization to J. E.
McDonald, of this city. Mr. McDonald
has been employed In the Bee-Nugget
office for the last few years and is
well qualified for the work. He is sec
retary or the Lewis County Fruitgrow
ers' Association and interested in de
velopment work, being engaged in set
ting a 20-acre tract on the Newaukum
south of Chehalis to berries. Mr. Mc
Donald was not an applicant for the
position, but It is likely that he will
accept.
Oatmeal and rice will be substituted for
pie and charlotte runs as desserts by tbe
Harvard Dining Association, as being bet
ter brain food.
JUXE
1913.
,
11 frontage of 100 feet on
ana $250,000. Emil Schacht
& Son
PRINCESS THEATER FINE
RECORD IN ERECTING BUILDING
IS MADE.
Attractive Fireproof Structure to Be
Opened Soon Cost of Play
house Over $100,000.
Within two weeks the new Princess
Theater building. being erected on
Sixth street between Washington and
Stark streets by Foster & Kleiser at
a cost of over $100,000, will be ready
for occupancy. The rapidity with which
thie-structure has risen breaks all for
mer building records in this city. It is
declared. Wrecking of the old frame
buildings which covered the site of
the new structure started February 20.
work of excavating for the foundation
began March 3. workmen began pour
ing concrete March 23 and although
several days' time was lost through de
lays in the delivery of steel the build
ing will be completed by June 16 or
In less than 100 working days from the
time it was started.
The building covers an entire lot
50 by 100 feet, ls of reinforced con
crete construction with a structural
steel balcony and is three stories high.
The main portion of the building will
be occupied by a first-class moving
picture theater with a seating capacity
of 1100 and there will be one store
fronting on Sixth street and a full
basement for high-class tenancy.
The building is fireproof throughout
and the ornamentations of both ex
terior and interior are elaborate. The
front of the structure ls faced with
terra cotta and white brick and an ar
tistic marquise, which adds greatly to
the ornamental effect, is over the en
trance. The front also is outlined with
2500 10-watt tungsten lamps. The lob
by of the theater has a white tile floor,
marble walls and ornamental plaster
ceilings. The theater is finished In a
most attractive and artl3tic design by
use of relief work; the decorative
scheme being old gold and gray. The
walls are decorated with pastoral
paintings. An immense pipe organ,
costing $12,000 Is being installed. The
heating and ventilating system Is of
the most modern type.
This building was constructed by
the owners under the supervision of J.
P. Taylor, a Portland builder. Camp &
Dupuy were the architects and the en
gineering features were handled bv
W. W. Lucius. On May 1 a schedule
of the work to be performed was out
lined and the exactness with which
this schedule has been maintained and
the rapidity with which the building has
been constructed has attracted the at
tention of architects and builders. The
only approach ever made to the record
on this building was in the construc
tion of the Holtz building at Fifth and
Washington streets in 1912.
There were features introduced in
the construction of the building which
were watched with careful attention
by building engineers, chief of which
was the immense roof beams carrying
the roof. They are 50 feet long and
five feet deep.
It Is rumored that the French Compagnte
General Tranaatlantlque is studving- the
possibility of making Brest the home port
of Its American Htmb. Brest has perhaps
the largest natural harbor In Europe
CANBY MASONIC LODGE OF
rail i i. . t
8,
i. .lif' si?. Mnwf' - - i j KvmBsm b mm
STRUCTURE THAT COST S12.5O0.
CANBY. Or.. June 7. (Special.) The reinforced concrete home of
Canby Lodge No. A. F. and A. M.. just completed, stands unloue
In the list of Masonic Temples as being a monument to the inoustrv
of what is likely the smallest lodge In the state to own Its own home
Having buf35 members at the time the building was started a $1"
500 Temple seemed but a dream, yet bonds for the entire sum we're
sold readily. It is situated on the main business street of Canbv and
ls already earning $100 per month.
The entire second floor, with the exception of four suites of offices
In the front, is use- for lodgre purposes, with rooms for all possible
needs. A banquet room and kitchen are also Included.
BUILDING TO RISE
Work on Northwestern Na
tional Bank Structure to Be
Started at Once.
COST WILL BE $800,000
Large Portion of Ground Floor to
Be Occupied by Two Banks Will
Be of Elaborate Finish More
Than 500 Offices Provided.
Work will be started tomorrow morn
ing on the erection of the steel frame
for the new Northwestern National
Bank building, and the erectors the
Poole-Dean Company have agreed to
hare every piece of steel of the 15
story structure In place at the end of
85 days. About 20 carloads of steel
have been In Portland for some time,
but the main columns for the first
story were delayed in transit from the
East on account of the recent floods.
All the steel for the proposed building
will arrive In Portland Wednesday, and
by that time everything will be in
readiness to push the construction of
the building to completion.
Portland's largest and finest office
building: will contain 3,400,000 pounds
of structural steel, or the equivalent of
1700 tons. One of the features of the
construction will be the arrnnorement
of the large banking room. Four Im
mense steel g-irders, CO feet In length,
will stretch from the Morrison-street
side to the rear of the building and
will have a clearance of about 28 feet
above the floor. Each of these girders
will welsh 20 tons. With the use of
the girders, pillars will be entirely
eliminated, thus making it possible to
provide more room and at the same
time do away with obstructions so
common in many of the large banking
establishments.
BulMlnar to Be Rendj- This Year.
It Is the opinion of 'the architects
Doyle, Patterson & Beach that the
structure will be completed and ready
for occupancy before the end of the
year. The contractors the Dinwiddle
Construction Company expect to have
the building Inclosed and the roof com
pleted by September 15. All the ma
terial for the construction has been
ordered and much of it is now avail
able. The excavation has been com
pleted and the bases for the main col
umns have been In place for some time.
The building will have every ad
vantage in location, as it will occupy
a site right In the heart of the busi
ness district. It will have a frontage
of 200 feet on the north side of Morri
son street and will be 60 feet wide,
fronting on both Broadway and Sixth
streets. The fact that It will have a
frontage on three streets and a 15
foot easement In the rear will make
It one of the best lighted and desirable
business and office structures that can
be built on a half block.
The building will be 15 stories in
height. In addition to a full basement,
and the style of architecture will be an
adaptation of Italiar! Renaissance. The
exterior will be of cream-colored
pressed brick and terra cottit. and will
be of striking appearance. The struc
ture will be as nearly fireproof as It
ls possible to build, the only wood to
be used being the interior finish. The
structure will cost approximately $800,
000. and. together with the site, will
represent an Investment of $1,550,000.
The -tanking departments of the
Northwestern National Bank and the
Portland Trust Company will occupy a
portion of the ground floor at the cor
ner of Sixth and Morrison streets, and
the remainder of the ground floor, with
the exception of the elevator entrance
on Morrison street, will be used by
mercantile concerns. Above the first
floor the building will be devoted to
office space.
Bank to Ite Handsome.
The banking portion of the building
will be elaborate In both design and
finish. The entrance on Sixth street
will be a replica of that of the Knick
erbocker Trust Company of New York.
It will lead Into the main lobby of the
bank through a marble vestibule. On
the left of the vestibule will be an at
tractive stairway leading to the safe
deposit vaults In the basement. Ad
joining the staircases will be a private
elevator from the basement to the mez
zanine floor, where will be located the
bookkeeping and clerical department of
the Institution.
The interior of the main banking
room will be of striking beautv and de
signed for providing every convenience
ior patrons, as well as employes. The
banking fixtures will be especially or
nate, while the office quarters will be
arranged and designed to carry out the
general lines or the imposing interior.
One of the features will be an exclusive
department for women patrons, which
will be Installed at the right of the
main portal. Marble and bronze will
dominate the finish of the banking
rooms, and the wainscoting and fix
tures will be of solid mahogany.
Another feature of the bank will be
the large safe-deposit department. In
the basement, directly under the bank
ing rooms. The vaults will be of the
latest design and will contain coin de
partments for both banks and a large
compartment for storage purposes. In
dividual comfort booths for the use of
patrons of safety vaults will be In
stalled. In the basement also will be
35 MEMBERS ERECTS TEMPLE j
:
an assembly room for the men clerks,
and a similar room will be equipped on
the mezzanine floor for women em
ployes. Office Space In Demand.
There will be more than 500 offices
in this structure, and with the excep
tion of a few inside rooms everv room
k '1 J,hHVa ,outi,id' I'Kht and air. The
building also will be equipped with a
modern ventilating system. The of
fices will be provided with hot and
cold water and every convenience
Known to modern office building con
struction. In the center of the building will b
installed a battery of five high-speed
elevators of the same type used In the
singer and Woolworth buildings in New
t ork City.
Already many of the office rooms
nave been reserved and several leases
have been signed. There Is every In
dication that the entire structure will
be reserved by the time it is ready for
occupancy.
Builders' Meeting Called.
A special meeting of the Builders'
l-.xehansrt' win K- ksji . . . .
at Second and Alder streets. Business
t organization will be dis
cussed and plans will be formulated
for meeting obligations. It being d
sired to give the new board of directors
a clean slate at the beginning of their
administration. All members of the
exchange are requested to attend the
meeting.
FARMERS AT LECTURES
CORNGHOWIXG IX JOHX DAY.
VALLEY IS ADVISED.
C. L. Smith, of Portland, Convinced
That Big Development Is Due in
Eastern Oregon District.
Agricultural development In the John
Day Valley and other territory tribu
tary to the Sumpter Valley Railway
was the object of a trip recently made
through that territory by C. L. Smith,
agricultural expert of the O.-W. E. &
-V. Company, who has Just returned to
Portland highly elated over the future
prospects of the districts that he vis
ited. Mr. Smith was accompanied on h.;
trip by Guy L. Anderson, general man
ager of the Sumpter Valley, and F. W.
Peet. president of the First National
Bank of Trairie.
Five lectures were held, with an
attendance of 30 to 40 farmers at each.
Several other talks were made by Mr.
Smith, the point- covered being Prai
rie City, John Day, Mount Vernon and
f-anyon. Many practical ideas were
expounded, and the trip was a most
successful one. The audience at Mount
Vernon was particularly Interested and
kept the party there for three hours
answering questions. Dairy cows and
hogs were recommended by Mr. Smith
as being well adapted to the John Day
district, and he further predicted that
ten years would see corn the prevail
ing crop In the valley. All phases of
farming were touched upon and many
pointers given with respect to the pres
ent crop systems used In Uie valley.
Although the corn Idea was scouted
by the old "residenters," the party de
veloped on its trip that at least two
men were successfully growing this
crop in the valley.
At Prairie City a special dairy meet
ing was held and demonstrations given
of the dairy type of two cows, one of
ordinary quality, which was used to
point out the defects commonlv found.
and another of excellent type from
n men the points to be considered in
selection and breedln.- were Indicated.
Much time was spent in visiting va
rious farms and in personal discus
sion with the ranchers and stockmen.
One man at Prairie City, for instance,
after five minutes' talk with Profes
sor Smith, regarding his hogs, stated
that the information two months soon
er would have saved him a $50 brood
sow and her litter.
While the party was in the valley
the new co-operative creamery at Prai
rie City was opened under the manage
ment of E. M. Sanders, and 400" pounds
of excellent butter was obtained at the
first churning on May 28.
BIG ENGINE PURCHASED
"CATERPILLAR" AND GANG
PLOWS GO TO BURN'S.
Central Oregon Adopts Modern Meth
ods In Wheat Raising Sixty
Acres Plowed In Day.
Caterpillar engines and gang plows
now "w, ill rescue the fertile acres of
Central Oregon from the sagebrush and,
the bunch grass.
The first such machinery now Is on
its way to the Harney Valley. It will
be operated by Leonard M. Baldwin
and Kd Halloway, experienced farmers,
who bought It in San Francisco last
week.
They will plow 2500 acres of their
own land, which they recently bought
from the Oregon & Western Coloniza
tion Company, and have contracted to
plow large areas for neighboring far
mers. The Oregon & Western Coloniza
tion Company has arranged to have a
whole section 640 acres plowed under
and sowed to wheat, preparatory to
breaking it up Into tracts of 40 and 80
acres each, and disposing of these
tracts to individual farmers.
"Bill" Hanley will plow a section of
his land in the same manner, merely
by way of experiment and to encour
age the enterprising farmers who have
introduced the caterpillar machinery.
"It is the best thing that has hap
pened for Central Oregon in a long
time, said Mr. Hanley yesterday. "The
country Is too big to be plowed by the
ordinary method with horses.
"1 hop that this caterpillar is only
the first. We can use scores of them.
There is a lot of money in it for every
fellow who introduces the caterpillar
plows. It will make Central Oregon a
wheat-growing country. That's what
we need there now more diversifica
tion of crops and products."
The land secured by Baldwin and
Halloway is near the experimental sta
tion recently established by the State
Agricultural College at Burns, and.
within four miles from the vli lage of
Burns.
The machinery will be shipped to
Bend by rail. There the engine will be
set up and taken to Burns under its
own power. With it will go a carload
of gang plows and a car of gasoline.
It is estimated thut it will require six
days to move the machinery from Bend
to Burns.
When In operation, the caterpillar
machine will plow 13 furrows at once.
It can turn over 30 acres a day, but the
owners intend to run it day and night,
making its capacity 60 acres. Strong
headlights have been provided to make
night work possible.
Baldwin and Halloway will sow their
own land tq wheat, and besides doing
plowing under contract for their neigh.
ors, will cultivate their 2G00 acres la
systematic manner.