The Oregon daily journal. (Portland, Or.) 1902-1972, July 10, 1919, Image 21

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The Oregon daily journal., July 10, 1919, Page 21, Image 21

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Newspaper Page Text:IID CHUG ON . DAILY OXJ PO RTLAND, THURSDAY, JULY 1U, 1U1L: .BUSINESS STIMULUS CONTINUES TO LIFT PRICE LEVEL" Edited by Joe IL Jordan BUSINESS EXPANDS SPEEDILY THROUGH NATION AS WHOLE Marked Revival' of - Trading: Is Shown With the Wealth , of , Farmers as Foundation. STEEL PRICES GET BIGGER June - Business Is Reported to Be 20 Per Cent. More Than . That of Same Month Year Ago, , Business conditions continue to ex pand In a wonderful manner through out the country. Reports almost' unan imously reflect .increasing: sales and strong prices. Optimism as to the busi ness outlook reiens throughout the re port of the federal reserve board's state ment for last month.' Marked revival in all lines of trade is noted in the re- . port of business conditions, In the Chi cago Evening Post. Prices continued to rise throughout June, the board's statement showed, and enormously heavy demand for goods for export has rendered products in many lines scarce. In nearly all districts it was reported business men had decided they could rely upon heavy demand and continuously sustained prices for some time to come, while a feeling of appre hension entertained early in the year ' was disappearing. Jobbers and retailers readily entering into large commitments for fall and winter. TRADE STIMULATED . With the wealth of the farm classes as a foundation, the manufacturing: and trade lines are feeling the stimulus. Prosperity is extending in all linesIn many respects the agricultural prospects of the early spring- are being more than Justified. , Wheat corn, cotton, tobacco and Pacific -coast crops wilt be har- vested In record quantities. Livestock 'Continues high in prices. Steel -and iron production is Increasing steadily, lending Its enormous impetus to industry all along the line.. Builders now are accepting the higher cost stand ards and are going ahead with programs that have been retarded for several years. June was the best month the steel mills have had since last October. . Reflecting the- 4 tremendous buying power of the country, , are the reports - from mail-order houses, which indicate .June business was fully 20. per cent above that of June, 1918. As the volume of mail-order business is one of the best trade barometers!. in the west, the show ing made is significant,-: . DRY GOODS BIO , No less significant, however, are the reports- covering general merchandise lines from wholesalers and jobbers. All June records for shipments of dry goods ana general merchandise were exceeded the, last month. The number of buyers Jn the markets was double the number of arrival' a year-ager Regardless 7t tbe continued rising trend of prices, for nearly every commodity, there is no di minution .in the demand. Buyers in 'some cases are trying to- noj; only buy their fall and winter stocks, but are even placing orders covering their needs of . next spring. ...Kc V - ' - - ' Financial, conditions continue favor able, with a good demand for comraer dar paper,, and no suggestion so far of lack of available funds for all purposes, the call for money to move the crops not interfering materially with the sup ply for other commercial needs. Money in Chicago has been ruling at 6406 per cent on collateral, , with commercial pa per 6V45 per cent, per cent over the counter. . Traffic conditions show improvement, increasing tonnage from the steel mills and general merchandise houses swell ing the total carried by the roads. Crop outlook - is but - little impaired, although some fears are entertained in regard to the oat "crop on account of high tem peratures during r the . filling . period. Wheat- harvest Is well under way. and the grain wilt soon be 'moving freely, bringing big returns, , Manufacturing likewise took a strong upward turn during-June. Demand for fine cotton goods exceeds production. Shoe factories are producing a maximum capacity, while heavy demand from Europe has drawn off much of the avail able supply. Wool products are sold ahead for months. Automobile manu facturing Is running in many plants at record levels. '. " Building shows f continuation of the revival noted in previous months. Heavy buying of lumber by. retailers has be come general. , There is much trading in houses and business property. ' "The labor situation has now reached a distinctly advanced stage of full em ployment." the board's statement said in commenting on- employment condi tions, u -; - Bank Syndicates Are Being Formed New York. July 10. A syndicate of prominent bank, and banking concerns throughout the country is being formed to extend acceptance credits, which may run as high as f 20,00d,000, to ' finance the California dried fruit crop, it was announced here today. ' Approval of the transaction and eligibility of the bill has been given by the, federal reserve board, according to the ; announcement. This will be the first time that the western fruit crop has been handled by the credit medium of 1 bank , acceptances. Credit of $3,000,000 has already .been granted to the California Prune and Apricot association, and one of $2,000.- 000 to the California Raisin Growers association. The credit will, be for 30, 60 and 90 day periods, commencing July 1 and running into the spring of 1920. " 9 enueVMVaaMienBBBaBBUSMMeSMeaHBSnawBanwM New t Record Made In Mints i im June United States mints' established a new record in June by turning out 98,161,000 pieces of money, according to an an nouncement made by Director Baker. Of the total pieces, 91,364,000 were cents, which - was 13.000,000 greater than the previous record made in December, 1917. "For the fiscal year the mints coined $19,610,617 In 438,024,458 pieces, of which 847,066,300 were cents. Other coinage include 29,550,500 nickels, 28,795.000 dimes, 18,801,000 Quarters, 14,795,600 half dollars and 100,058 Illinois ."centennial half dollars, 1 i - -t The mints also did a large amount of work for Peru. Argentina, Slam and the Philippines, i more than 101,000,000 pieces of -money being ; turned out for those countries. FEDERAL BOARD WARNS AGAINST SPECULATION ON TOO BIG A SCALE Much Business Is Being Con ducted oft. Unstable Foun- , dation, Is Claim Made. ). A warning against the continuance of over speculation on the New York stock exchange and elsewhere in the United States was issued again last week by the federal reserve board, according to the Public liedger; bureau. As It did a month ago, the board! said that the "funds of the. federal reserve system are in no sense intended : for the sup port of speculation and member banks should bear this fact In mind when ar ranging f of the extension of accommo dation to borrowera,. ; , . . , . ? Although admitting1 that the intensity of the speculative fever had decreased somewhat since the" middle of June, the board remained convinced" that too large a volume -of , business was being con ducted on what might be considered an unstable basis. Tb ' situation was summed up by the board In the following-language: 1 " - "During the month of June specula tion has continued on a -high level, al though It has been subject to many fluc tuations. On June -16 ? call r money reached 15 per cent in New York, and on June 20j. the board sent a letter to all federal reserve agents asking for Information concerning the purposes for Khloh funls nhtnlnMl bv rediscountine were being used by member banks. This letter was made public; ana one eriect of it was apparently that of leading seme banks to hesitate without; making applications for rediscounts where the funds were unquestionably intended for purely speculative purposes. After the middle of June the volume of specula tion on tne rsiew xoric siock excnange was reduced from ' one fourth to one S. H. Green Stamps for cash. Hol man Fuel Co., Main 853, A-3353. Block wood, shbrt slab wood. : Rock Springs and Utah coal; sawdust. Adv. HEADQUARTER LIBERTY BONDS We BUY and SELL any ' amount. Kew York Quo- . taUons by wire every morning interest la-cludedi 1st 2nd 1st Sad S.d 4th Stts 1 4a.... .r:... 4a.......... 4s, 4H.i ........ 44 a...... 44s... Yietory 494s.- I 89.87 4.67 84.80 8.64 94.84 94.4 88.28 199.47 If necessary to sell your - Bonds, bring them to Us. We pay highest local - prices. ROBERTSON & EWING " Cvelutive O Ism In -QOVKRNMENT, CORPORATION AND MUNICIPAL BONDS. Z07-S M. W. Bank BuiMlns. We take pleasure in announcing the appointment of . MR: f SAMUEL J. YOUNG ; as our Northwestern representative, with off ices at 411-412 tnrTTED STATES WATIOWAli BATIK BTJ1LDIKO ! FOBTLAND, OBEGON : Phone Broadway 1874 , E. H. ROLLINS & SONS - ; Founded 1878 . ' , . HTVESTMEirT BONDS ; Bostoa, Jfew York, Ckieago, Beaver, Sa'a Fraaelseo, Philadelphia, Los Attfele . - third for some days, and this lessening of the demand for money naturally low ered the intensity of the demand for funds which had previously, made itself felt. . "The extremely high level of prices tor - stocks and - for staple . commodities for 1 which there exists -' a - speculative market, which- bad .beeen developed In New, York and elsewhere, and the fact that speculation has spread ; widely throughout the country, has undoubt edly, had a considerable effect in draw ing heavily upon the available liquid re sources of banks, which at best were none too abundant prior, to the time when speculation fever became well marked." . .-. , k . Diking District to : Be Formed on Nasal . South Bend. Wash.. July 10.-Property owners at the mouth of the, Kasel river .voted unanimously .- to form tra diking district embracing 1440 acres at a cost of. between .830 and 845 per acre. - The land is said to average five feet of loam.' Commissioners elected were: Oscar Oman Ed Simmons and Wilbert Holm. ... .. Public Debt Less The public debt decreased 8436.645,113 In June and at the end of the month totaled "825.484.106.160, according to a statement by the treasury. An inventor has patented . a sort of backbone of spring wire to stiffen and extend the life of a broom, i. BANK IS FIRST STATE OWNED ENTERPRISE TO OPEN IN NORTH DAKOTA Purpose Is to Give Rural Credit , At Cost and Finance State -;. Owned Industries. Bismarck, N. D.. July 10.-The first of the state-owned enterprises to be estab lished in . North Dakota under the laws passed by the former legislature is the Bank of .North Dakota.. It is modeled after the federal reserve bank and the federal farm loan bank combined. To giv$ rural credits " at - cost is its first purpose and. second, is to finance th etate-owined - terminal elevators and mills. ' ; ' ' J ' ' ..;...- . Farm leans are made under an amorti sation plan by which the borrower re pays at itfoe rate of 7 per cent a year on the original principal and extinguishes the entire debt in 80 years. For capital stock the state central bank has $2,000, 000 in states bonds. Under the law all public funds must be deposited with the Bank of North Dakota, which redeposits them with its depository banks. Many state bankers already favor the Innova tion as giving them a "central organiza tion, which enables them better to com pete with the national banking systems. At the head of the Bank of North Da kota is F. W. Cathro, one of the most conservative bankers of the state. He was first president of the State'Bankers' association and headed the National bank of Bottineau, N. D.. for' 20 years. He is confident of the success of the state bank and that it will help, rather than hamper, the bankers of the state. He believes the state bank will bring money to the state and keep the state's money at home. -. - - . . -, Astoria Bond Issue Goes to Local Firm Astoria. July 10. Street bonds In the stun of 86,699.31 ' we're sold to Morris Brothers of Portland Thursday, evening by the council, at par, accrued interest to date, with premium of $2210 and blank bonds free, The Lumbermens Trust company bid par . with $1781.60 premium and Freeman. Smith it Camp company, par with $1505.20 premium. The bonds, which are to cover he ln- stallment payments - on a number - of streets throughout the city, run for five, ten and twenty years, with option ' one year.- The five year : bonds : aggregato 817,838.81, 10 year $13,038.17 and 20 year $38,827.33. i - . ' Unfilled Tonnage Increases -I New York, July 10. U. P.) Unfilled tonnage of the ynited States Steel cor poration on June SO. totaled 4.893.855, It was announced today. This is against 4,283,310 on May 1, and shows an In crease of 610,645. Meat Plant Being".'. Built'Despite Any Shortage of Money c ,-sr-iO'Xi"-::, ...... . v a y,i S"; ' Albany. July 10. Whether or not Al bany money " is furnished for the re building andg equipping ot the D. E. Nebergall meat packing plant, which was recently destroyed by fire, the com pany Is going - ahead and erecting a structure and carrying on the business to the extent of Its ability. According to a statement made Monday evening by Mr. Nebergall at a banquet given by the Chamber of Commerce. Mr. Nebergall put a proposition up to the " people of Albany whereby the city will have the benefit of one Of the largest packing plants in the state outside of Portland and those who care to may share in the profits of the company for the. next five yeare.' Mr. - Nebergall offere - to issue 335,000 worth of 6 per cent bonds to run for a period of not less than five years, to be subscribed to by the peo ple of Albany.; The plant and business are practically - offered as security.' -The First National bank has offered to as sist the plant to the extent that the law allows,, but not a sufficient amount of capital to rebuild, install the necessary machinery . and leave a surplus for carrylntr on the business c talned in this way, and perrr.it t ness to run to capacity. Market-prices for Silver and Get ! Washington, i July . 10. Govern- t assay offices have 'been Instruct? 1 t y Director of -the Mint Baker to pay mar ket prices hereafter for silver found in gold bullion purchased 'by the of Hoe. Before July 1 the government paid 81 an ounce for such silver. Although the open market rate rose as high as $1.11 after the embargo was lifted. : Ilcteh Ilelchy Elds to Open - San Francisco, July 10. -Bids for the construction of the Hetch Hetchy dam for the San Francisco water supply will be opened July 80. The estimated cost 1 of the dam is $4,000,000. . f ACIFIO COAST BAKK STATEMENT Monday . . Tumday " , . Thunday . Dwirinri , l aUnoM . Cirarinss '. baianewi . Clearinsa . Batenoca . ..A PertlanS' Bank B,161.87.-i. ( B. 4 14, 5 17. at 6.srH,oos e -4.16.1.67 : Tacem Bsnki v . .... i ,...... ................ akne Benk Mtua nli . ,.. ,....$ Yt tmn. 4.4tS,4aT OT 4.0S4.41S.7S i 8.072. 7S0.15 , 3,T9l,31U.fc(J ' t "767.2os.ni ( 80.493.0t , 1,S.RT4.0' ' 617,048.00, i .- - . i ' ' ' 6.0O8.023.OI l,3t8.40t,0i t LIBERTY BOJD SALES Liberty sond rtod In the Mew York- market at following r,r1e -v FUday, . . Saturday.. Monday.-. . fawday. . Wedneaday. Tbiraday. . 8 Ha 9.4 f.ta BA.80 90.83 lst4t 40 94.40 4.80 94.10 2d 4a lit4!4l 98.78 98.70 ttl 5 98.80 5.08 0.9 98.28 .00 ' 24 4KI -HolMay--llollitay-94.28 94.24 , 4.10 94.14 Victory 8d4U4th4Hl 8a 4t 96.04 8.04 95.04 98.02 94.28 . 94.18 94.18 100.08 100.03 100.02 100.04 99 98 ea.gn 99. PA 99.94 1 K5 $40,000 at 6 Equals $200 a Month A Certain man now residine tn Portlanrl rtac a rtmrA fnr Urif ---J - aiaui a a X V 8,88 S AX k. which, while remarkable, offers art example which may be followed by any salaried man of like circumstances. This man, who is now about G5 years of age, has, through habits 'of thrift and economy, accumulated a wealth inv bonds aggregating $40,000 enough to yield him an income of $200 each month when put to work for him on a. 6 interest basis- v ' . . BONDS NOT FOR RICH ALONE - Yet this man at no time during his Iifehas received more than $160 a month in salary. -Often his salary fell :fa below that figure and he was subject to the same possibilities of "unemployment as the f ordinary 'man. J . . ' v ' '.This, little stqry;.and! itis, -a true "report of-an actual fact, illus trates what' a man of comparatively, moderate circumstances and average opportunities can do if he manages his savings judiciously. Nothing works for you more constantly and more surely than interest on-a safe bond. Not only that, but interest breeds more interest, just as thrift breeds more thrift. . s WHAT MAN, HAS DONE MAN CAN DO Lumbermens Trust Company Lumbermens Building Half Million in Capital ; ; FifA and Stark . " f - " , Hundred! Thousand in Surplus IIIIIIIIIIHllllillllllllllllillllHIIIIillHIllllUIIIUIlilllllllllllltlllllMimilllllllllllilll lllllllllllllilillllHIIHHIilllllllllimilUI1inillHlllinillHlllllllillllIHlllllllllllHHIIHIIHHiIlI United States Spruce Production Gorporatidn it ttr IE' TWO EXTENSIVE LUMBER DEVELOP MENTS, PACIFIC NORTHWEST, U. S. A. - , Each Consisting of V; . . -.j.- A Permanent Railway System Tapping Large Virgin Areas of Timber and a Well Located Modern Sawmill of Large Capacity The War xfepartmeiit, through the above corporation, organized under Act of Congress, entitled "An Act making Appropriation for the Support of the Army, etc", approved July 9, 1918, on account of wr time necessity, built railways and prepared milling facilities for the timber from' two of the largest hitherto un developed timber, areas of the Pacific Northwest, namely, Olympic Peninsula, State of Washington, and Lin cola County, adjoining Yaquina Bay, State of Oregon, including the famous SHets Basin. - Development, a date of Armistice was advanced, to such a stage that either of these properties can now be placed in complete operation, including milling and logging,' in sixty to ninety days. , All facilities and structures are of highest grade, machinery of latest type and all work performed un der the supervision of experienced and practical engineers, contractors, lumbermen and loggers. Admirable climatic conditions for year around, operation. : Supplemental equipment for' logging and railway operation, owned by the corporation, can be acquired subject to prior sale. ;' - Every facility for detailed inspection will be offered. Detailed plans, descriptions, etc are available fa pamphlet form with terms of sale. Cruises, profiles, maps, ownership data, complete working specifications and master index of mill prop- ' erties and machinery are available for inspection at offices of corporation at YeonBldg Portland, Ore, U.S. A. " These properties will not be sacrificed nor will bids be ' considered for less than xeprodudlionTalues. - Properties on Olyinpic Peninsula, State of Washington Mill and railroad open up largest hitherto undeveloped timber resources in Pacific Northwest and make production available for rail, coastwise and export trade. One large established, privately owned mill now operating on this Harbor at Port Angeles. " t ro,. - .... 9 :-- 6 - T 4 Mill at Port Angeles Clallarn County, Washington COMPlCrCD ffAHWAY COrTPLttTP ftji GftADS : Capacity 400,000 P. B. M. per 8 hr. day. Power Plant--Fireproof brick building on solid con . erete foundation;. Ctistodis stack, refuse, burner, 2400 H. P- water tube boilers; present provision for 1500 ,K. -W.! turbo generator; piping and room provided for additional 2000 K. W. . : Ample Water Supply. : Engineering Highest quality skill and design in entire installation by recognized experts of. wide technical and operating experience. Shipping Facilities Along side deep water Puget Sound; Chicago, Milwaukee & St. Paul Transcontinental Railway Sys tem. Pacific coast terminal rates. : Mill Building Heaviest tim ber construction. Machinery Individual units electrically driven; one 10 and one " 11 ft. band head saw, 60 in. gang, 84 in. resaws, cargo : and rail overhead loading cranes. ' Site Consists of 181 acres of which 67 acres are; available for drying yard. ' . Bulkhead ed and filled around. buildings. . Log Pond 15 million F.. B. M. storage cajpacity. Housing Facilities Camp buildings, modern cottages v and three-story 56-roorn brick hotel, completely fur nished; also considerable housing room in city adjacent. , Present Condition Ninety per cent complete new, machinery on hand for installation. Capable of pro- .. M . i a . X tl) "... nAeoi ?"ai- v i y ' if 1- 1 I - y I ; - jf , . X- ' 37 47 ductive operations in 90 to 100 days. S. P. D. Railroad No. 1 This connects with the ItHvaiikes 6rtem IT miles ut of Port Aacelea. llsla Bus completed 88 miles to Lak Pleaaaat; fas simpls rlsiit o2 war; seaaoned substantial roadbed: standard sang 80 lb. rail: gTayel ballast ; wide . clearances : E-S0 atruc tores : maximnta 14 deg. curvature ; ; gradient 1.25 vs. loads, 3 vs: emptiea 1 summit. 1.8 miles sidiacs Installed: S.f miles additional siding-a graded, i . Mala Una eonatraetlon lnvolred - UtO.OOO yds. grading. (' Un. ft. tunnel a. 80,008 Ha. ft. piles. 800.000 T. B. M. timber tn place. - 86.000 yds. ballast. Spurs aggregating 70 mOes graded for opening development of fA billion feet timber Immediately ' trlbntarr on 409 squar mile. eoniistinK of 2,898.000,000 ft. of Fir. 087.000,000 ft. Sproee. f 848,000,000 ft. Cedar, 2.818.000,000 ft. Hemlock. Timber throngs which, logging branch apurs are graded. Is privately held with out incumbrance by large owners. Productive .logging operations physically possible within 80 days ' for marketing logs to Fort Angeles or other Fuget Sound mills. - Tonography leads Itself to economical logging and Is fully mapped. Main line may be extended 80 mile through practically solid additional virgin timber. Numerous water power sites adjacent for largo pulp or milling development. . ' Proposals will be Considered For ft. ft. No. 1 an fort Angeles Mill sep arately, or Jointly: R. R. No. 11 and Toledo MM ?R. R. No.f ia and Timber Tract f R. R. No. 12, Timber Tract and Toledo Mill! or for all Lincoln County properties. terms Governing accxptakck or S - BIDS - . All bid presented shall be sealed and will be received up to 12 o'clock noon T Dee day. Sept. 2. 11,' by the undersigned at its office In the Term Bldg., Portland. All bids will be publicly opened at 2 O'clock, September 2, 1810, Detail bid forms and terms of sals on application. No Md will be considered unless ao. eompsnled by certified cheek in the amount of 8100.000.00 made payable to the United States Sprue Production .Cor poration, to be retained as liquidated damage on failure of bidder to complete purchase on sward,, to be returned In event of rejection. , The U. S. Sprue Production Corp. re serve tb right to reject any and all bid. eS&5k" X - .K AISBA SOUTHS ' Properties in Lincoln County, State of Oregdn . .. Mill, Railroadsland Timber Tradt Mill at Toledo, Lincoln Co., Ore. Govern Shipping TscDlfles Tide water Taqulna Bay, Yaquina Branch of Southern Pacifis Railway -z System: Paeifia Coast terminal rate. Yaquina Bay harbor development by ment and port authorities under way. ,: - . ... Mill Modern Individual electric . motor . driven machinery of Pacific Coast type; on 10 and one 11 ft. band head saw; T2 and 84 in. earriage: C In- vertical and 72 In. horizontal resaws ; com mercial capacity 250.000 T, B. M. per 8 hr. day. " Fewer Plant 2.000 H. P. water tub boilers ; I860 K. W. turbo generator, and auxiliaries, all la place eat concrete foundations; steal stack and refuse burner. : Complete mill and ' locomotive naachin ahep. Machlnery and power plant all ' a sit. 78 installed ; capabls of adjustment to purchaser's requirement, r Astpls Water Supply- Sit consists of SO acre, ample for lum ber storar and houstng'faeilltiea. Tracks and' - deeding Shed with -JManuf acturing Ehad 184x , 482 ft. Office Baildlng and Store Hens on site. Log Storage adjacent, capacity 20,000,008 F. B. M. Well adapted for large aeale finished preduet - saanufactoring plant for rail aurketiag threuga . .out United State. This Corporation owns ia teres in Toledo A Silets Log. R tapping immenae Yirria Doula Fir belt immediately north. S. P. Dy Railroad No. 11, (Tasaiaa Northern) - Connecting at Yaquina terminus So. Fss. br. Main line eempkted 10.8 miles: graded l.T tntles addiUonal : 2.7S mile . aiding completed: 2.0t , "mile spur completed. Engine house,, oil and ', water facilities, log damps, booming ground at 'Yaquina Terminal. - Fes. simple right of way. Standard gang 87 H lb. rail, sand ballast, well seasoned roadbed. Structures for heaviest load ing, wide clearances, no tunnels. Maximum ' eurvatur IS deg. hfaxlmura grade, vs. load 2.8 ; va emptie 8.7. This road tap tim-' be red area of nearly 2 billion ft mostly Douglas Fir and Sitka Sprue, with soma Hemlock and ' Cedar, which can be reached . wita continuous . logsinsT development. . i v '-5:, . . - S'V-rV': -Beth abev raflmade i lbs t t.,- Bay Tsrmlal ar tern sniles by tia water below Teledo mill. S. P. D. Railroad No. 12 . (Also Southern) - 28.4 miles mala Una completed from northern terminus on Yaquina Bay. This railroad bollt -for logging purpose, and dump into Yaquina Bay. Car ferry slips, ear barge and stern wheel steamer to tow log and barge, make possible transferring ear to Yaquina Northern at Ya- -quina. Fee simple mala line right of way.. Sin. tenths mile additional main Una graded ; 8.8 miles spurs graded : 2.88 miles siding complete. Stand ard gaug , 80 lb. rail, and ballaat. roadbed fairly well seaaoned. structure heaviest loading. Maximum grade. 8. vs. empties. 2 Tl loads. 18 deg. maximum curvature. Water supply, en gine service houses, warehouse, booming ground, log boom and pocket ready for operation. This ' lino tap approximately 800.000,000- ft timber -wwnad by this corporation and described below. Fsclfl Coast Una Railway System, Taexma Timber Tract This corpora tlou owns la fee above mineral righto about 12.800 acres of high grade timber at southern end Alssa Southern R. R, in approx imatelr following quantities: Douglas ilr, 818 COMPimO RAtLWAr . , COMPiXTCD KA.OMADK i ggg;Addj Bids to Enffineering Department , United States Spruce Production Corporation ' Yeon Building, Portland, Oregon, U. S. A. Tii'SSJ h pr?"' S,78 8.000 ft; hemlock. 200 418.000 ft.: eedar, 18,118.008 ft. Completo topo. graphieal maps and spur line locations, beyond resent STndiag, developed for logging entire tract Tnls Sale Is beingr ad vertised simultaneous ly In all principal cities In tne United States. Canada. Europe and Soutn America. . rti;;t::;:::::i:;::;;;:::::;:::::::::::;;;i:::::::