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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Jan. 2, 1922)
Business Outlook for 1922 anders Merwwlth la a aympofUum ef business eonditlona In a variety fields by leaders In their resaertl-e line In Port Und. The eiperleacs of one approxi mate the experlenra l: that the kw tore! reached early In 1)21 waa th topping point whence a steady return to normal eonditlona haa (allowed In afllciofit volume to warrant an optl ntatla view for l:i ' BAXKfcK ftBER IMFftOYKXEHT r K. Crawford rW Vis ITniiiat t attatt Stataa Xatioaal B40I NartlantT and Ita tributary territory has. Ilka tha country In general, suffered from the shock of the drop In commodity 4 prices. Agricultural 1 and livestock prod I urta have been hit harder than mer chandise) aa a rule. Wool ha dropped from 50 cent a pound to 20 rents or lews ; wheat from 12 a bushel to Iras than f I ; cattle to laam than nal thai I former price ; hay to at least one-half IU former value in fast all tk prod act, 0f th- tmrm wMh . ..cniinn. ara worth lens 'than half what they wwa on or two years ago. This has brought the great agricultural dlntricts ' "' "P'te of the good rope which prevailed over the . territory, bank deposits have fallen all Over tha state 'of nrnrnn w..ki... and Idaho. Agricultural conditions are very much deprewied all 6ver the Middle Waal, and the Northwest la perhaps in better condition than most sections, but still la far from satisfactory. Costa of production are coming- down ta- considerable eitent. but the things tha agriculturist and stock grower have to boy have not fallen to the same ex tent that their producta have. Undoubt edly several years will be necessary to adjust this disparity, but the process a going on all the time. and. as in the upward trend, each rise caused a cor responding rise in all other exchange relations for after all labor and com. modi Use are only exchanged for other labor and commodities so the reverse Will occur when prices fall. . Conditions 1n Portland proper, both aa a local and Northwest financial cen ter, ara greatly Improved over a year ago. Uncertainty the most disturbing factor In any kind of buslncnjtl giving way to a clearer view of the situation -, and while a year ago talk of business . Panto " and disaster waa . whispered In great confidence to you. and some trade papers of considerable prominence saw darkly, at tha present time this is not tha case and while the depression Is bj no means over, and probably will not be for some time to come, still we ara a long way on the road to a better level, on which bueinens can be con cocted safely. Costs of doing business scanned- more closely than any time s slnca tha war and It Is realised on all Sides that" only by careful methods can profits be made. Rediscounts of the federal reserve bank of Ban Francisco, which, covert the Pacific atates. are less than half what they were a year ago. and the same Period witnessed a retirement of nearly 11.000.000.000 of federal reserve cur rency In tha entilre system. In five of tha IS reserve banks the reserve . ratio la still below 50 per cent, however. and tha reports of more than 100 mem t bar banks In tha leading cities show them still redlscountlng upward of 6 par cent of their total loana and in vest men ta This goes to show that, while Improve ment haa been considerable, a plethora of money la a long way from being a fact, and few banks are seeking loans or new commitments. The outlook for Portland and the Northwest for next year la vary hopellul. $Vork. thrift and economy will bring reaulta mors surely now than ever before, and those who , follow these homely virtues can look forward to tha new year with entire ooafidence, 5 COFFEE MARKET By A. H. Ilavars Praataaal Ooaart 4 Dawn. Manafacturat, Im porter ami J bbrs. ' .The coffee market, during 1921. haa been favorable for the manufacturer. retailer and consumer. Coffee prices, to - me consumer, never were advanced. ' during the peak, te prices In accord with coats to manufacturers, and tha con. aumer benefited, but at the same time there Is no question that deflation o Coffee prices occurred with areatar rapidity than those of almost any other looq proauci. The market reached tint mm tn-i,, , May, 1911. and at about that time the Port! .' MPS v J BRINGING UP FATHER I'M CLAJD VE MbvMo JNTO THIt JRTMENT OOILDIN, ITS OtSN OE. EVbiFo rN OUT r; . ; KRAZY KAT 1 a-avTE (Copyright. 1$21, bj lntert,stloosl Feator. T 1 r- . . -" Kraay Stands Corrected JjK ' (Jmm ff5r57L. ftmf 11 aiT I ffu, SStT ij ) 15 g lp) ' '" " ,'!::-: ..:..? r 'J' I tQwa Isrttwaai -awvyrg. fif&XAfjA - . . 'y - ; - . :.K It ' . Views Express Brazilian government put into effect a "valorisation" scheme with the result of gradually advancing priors until now they are op about 10 per cent from tha lowest point, latest Brazilian re ports Indicate a small crop for the coming season, which If eventually con firmed will probably still further ad vance prices, but present world finan cial conditions may prevent this. Gen erally speaking, the coffee world does not look with favor on high value, nor doea it think they will occur. During the war the consumption, of low grade and ordinary coffees in thla country decreased, and the use of high grade coffees increased greatly, and this condition still remains in effect. The consumer haa shown- good Judg ment in buying high grade coffees, be cause they are in every respect the most economical, because fine coffee will make more cups to the pound and all will be good, whereas considerably less cups can be madf from poor coffees arid none will appeal. The roasters of the Pacific coast man ufacture the finest drinking coffees In the world. Such coffees are the safest for the consumers, as all roasters stand behind them with a positive guarantee of quality. I LOGGING FIELD By Jobs T. Doagall Columbia Rivr Lot Scaling and Managrr rinding Bureau With an amnie supply of logs on hand to meet the demand of sawmills this year operators In timber have, despite ajjjaWajw(sa weather, conditions w n i c n emoracea windstorms, wash outs and high wa ter, experienced an' active 12 months, although burdened with increased taxes and unsettled business conditions. The offshore busi ness offered the mills has forced the loggers to ex tra effort, notwith- atflnftlnfl. a maMrajl downward trend of the market The snipments to the Orient, which exceeded the 1920 cargoes, have been exacting in their requirements for the better grade of logs of extra dimensions. The mills have at no time been hampered by lack of raw material rturina- Knuk.. few of the camps closed, owing to de- au-oyea onages ana floods In booms ; those operators who escaped have met the- try ina- situation in mnn anH -o n to the utmost of their ability. wnue prices have not been as favor able and profits have been reduced to the danger point, there has never been pessimism manifest among the loggers: With caution, extra effort and careful business methods coupled with efficient management, the year": 1921 will go down in the history of Columbia river logging operations as one that has de manded the greatest effort with only a modicum of profit for a few of the more successful opera tors. The 1921 input of logs fell several million feet short of the banner year 1920. It can be said of the logging Industry In the Pacific Northwest that It returned to normalcy earlier than any of the other large industrial under takings In the commercial and Industrial life of this coast HARBOR FACILITIES SUPERIOR By J. Speler Harbormaster Portland today has one of the finest fresh water harbors In the world. As a port accommodating the largest type sels. few if any have its many natural advantages. With smooth water at times ; no dangerous storms, which cause vessels to break away from docks and drag from anchorage ; no tending of ships' lines, which is nec essary in nearly every other port fflliatnnr i.m t.U A - ue epi on aecK at change of tide, there wM,!!,crea,ln' tne bur!ns and responsi bilities of masters and officers, to gether with the important "advantage of deep water alongside of docks, un questionably make Portland an ideal harbor. With work of greater port development now in contemplation and under way by the United States engineers. Port of Portland and Commission of Public Docks, and with the increase in number and sise of vessels now coming to this port, together with the great Inland f" a jT iv M IK. r ii r l . ' OPENV,M? Cba Tl ll ( aa-a-a. l II y - r nil - 11 i i u cu ii i i ii x. jT srv i i up r t i t. i-t. i i Empire, rich In- agriculture : and other resources, Portland cannot help becoming- one of the great factors In the shipping world. ; From December . SO. W20. to December ,20 1921, 107 J ocean golnr vessels arrived in this port. with. 1070 departures. Of tbia number 611 berthed at the municipal terminals under the control of the Commiaion of Public Docks, handling cargo to and from all. parts of the world. . In harbor facflitiea this port is second to none. With the best facilities for the handling of cargo. Its prompt transfer to railroads and other means of trans portation, for which the municipal terminals- have been especially designed, and using the words of a veteran ship master "-'.No finer terminals exist any where," assure, beyond a doubt Port land's rise to one of the largest shipping porta on the Pacific coast, aa well aa one of the world's greatest fresh water harbors. I BOW AND STEEL PRODUCTS By A. G. Lab be President Willamette Iron Steel Works The demand for iron and steel products in the Northwest since the close of the Var haa- shown' a constant decrease. WWSmgWfWi The war activities i mtfitM at. a.K normal demand in this territorv. Dur- fne 1921' a read- Justment has taken f place and many of it those engaged in A the industry have suffered rather se- ,uua iiuw;iai em ajp uirrassmeiii. ine imujuouiicill I1UW seems to be com plete and the fu ture nrncruwta Irtnlr bright, particularly in the Portland ter ritory. . Only now is the benefit of the value to this community of the Panama canal making itself evident, which was in terrupted by the slides and later by me war. ine possibilities of manufac turing raw iron and steel products on the Pacific coast seems very remote. There is, however, every possibility that through the favorable purchasing ad vantages due to water transportation the previous handicap of cheaper manu facture in the lanre industrial of the East will be eliminated entirely. nnisnea steel products, which are consumed In large enough quantities by the present sparse population, will con stantly Increase. These consumers can now supply their needs more advantage ously from Pacific Coast manufacturers than from Eastern producers In many lines. Those who are prepared to sup ply these requirements cannot help but enjoy prosperous conditions in a con stantly increasing ratio and unques tionably other allied industries will be established here in rapid succession. Any considerable volume of orders is not apparent for the immediate tuture. Conditions have shown an improvement since September and, although 1922 may not be an - extraordinary year, in my opinion in the iron industry it will be satisfactory and far better than the past year. WHOLESALE GROCERIES By F. A. Speneer Manager Allen & Lewis, Wholesale Grocers. Results for the year just closed have been up to our expectations, although our sales in the strictly agricultural and uvesiocK sections have felt the effect of a restricted buy ing demand due to low prices received for wheat cattle, aheep and wool compared with for mer years. . This condition in these districts has also resulted in slower collection's and larger "past due accounts. In other , . , usrniuneo DUBUieSS has been as large or larger than during flnv nravtnn, . : i irioa on record. After a dull srrin rrd v been a splendid change for -the better ... ivBgrng ana lumbering districts: in our strictly city territory our usual volume has also been maintained, al though manv rctailora o verely competition from chain and cash stores, etc. Taking the territory which we serve as a whole, recovery from the temporary depression that prevailed in "' monms or 1921. reflected in a reduced business generally, has been steady. Purchase hnv j - . ' HH..CMCU 111 volume, indicating that the market on "o.iij' Biapie commodities has reached about the lowest level that can k. - pected. Sugars are on as cheap a basis -a in prewar times, and this is also true of other important commodities. xn cannea goods one of the most important of all grocery lines dis- irioutors wno bought only for their early needs are now beginning to see gaps Open UD in their atnr-lrs Thi. B..M.. calls for replenishment despite the fact that the inventory season is near at hand. As a result; of this replacement buying, the entire canned goods market has shown activity during the past I Registered f! THE OREGON DAILY JOURNAL, PORTLAND, OREGON month, where In normal seasons -there waa practically "nothing doing during late November : and all through. De cember. ' - ' The Oregon country and the Portland territory is fast becoming the trad me tropolis of the great Northwest, and lta possibilities and its illimitable resources are meeting with a growing recognition all over the United States, so that men with vision, ambition and energy are looking to this territory for investment and settlement r?e have faith in our country and in our people, and thla we believe is also happily true of prac tically all business men in our North western states, and. whilst there will be -rough spots encountered . and at tendant problems to solve, we can only spell "Prosperiry' for the year to come on all lines of business conducted on a proper basis. r By Wmia H. Beharrell Manacnr' Herwood-Wakerield Company, Fumi- rare aiananetnren. Notwithstanding the year 1921 opened with rather a gloomy prospect and much forboding,-the results have been gener- a 1 1 y satisfactory. While price8 have had a marked de cline, yet with few exceptions, stocks were low and re tailers did not ma terially suffer. They began early in the year to reduce jift, m ""m f J mining Prices down to re- j 1 placement v a l ues. believing the first loss to he tha heat In this Way. bv Jnne 1. mmt dsalara a-ere workine on a nr-nfitaKi practically normal conditions prevailed. This waa particularly true of condi tions in Portland where unusual activity in home building brought with it an un usual demand for home furnishings. The demand, has been for furniture of qual ity, the buyers being more conservative and more exacting than in pre-war times a natural result incident to the broader life and higher aspirations through a more liberal financial allow anace durine tha war norirtri tk. life haa set up a higher standard from wnicn it win not recede. The furniture jobbers, most of them with stocks on hand at the beeinnlne of the year,, suffered most and many of them have sustained serious losses. an eager to dispose of their merchan dise, made for a time a rather nanickv market. The general decline over neak rjrices had been ahoiir &n nr ant Hut the bottom SPPmfi tt havA haan 1-oatHarl with every indication of a bright future. Most of the furniture factories, of which there are many large plants In the Northwest have been running to ca pacity and find a ready market Those uniortunate enougn to have large stocks of raw material on hand have Wn forced to figure this on replacement values and accept the loss incident to these conditions, but this on the whole has not been so serious as to In any way cripple the industry. There haa been a very material decline in furni ture lumoer. glass, Hardware and rinish- incf material Thin tftff-ethar with anmn concessions in labor, has gradually re duced tne cost or production so that the foresent outnut In nn a nrnfitahla haaia with an increasing demand. At the close "of the year the business generally is in a healthy and promising conaition. xnere nave been few fail-ures-none of them large collections are good and credit conditions very satis factory. By H. B. Tan Bnier President and Manager lmn Vice Poolaen uimber . Company. The year 1921 was one in the main of "slow bell" in the lumber Indiiatt-r. The unduly high prices and inflation of iazo could hardly have produced anv other condition than a natural J- slowing up of ttie i industry, reflected in a production of about 75 per cent of normal. Improved build ing conditions in the' United States have been very spotted Los Ant.' on this coast especially showing a great increase in house construction, but this same increase was not noticeable in very many of-the other large cities of the country. High freight rates, troubled labor conditions, and a slow movement downward in commodities other than lumber, entering into house construc tion, have been visible determents. Stocks at the mills and in the retail yards throughout the country are badly broken and it is confidently expected that with the advent of the new year better conditions in the domestic marke: can be looked for. The striking feature of the domestic lumber market during the past year has S Patent Office,) ?Tv j t- JyVs' 7saV u ONION SUPPLY IS REPORTED SHORT Only 90 carload of onions remaia aaaokl in tha banda of Westera Oretoa aweia. acoordint to a report compiled by W. ' I. Swank, ceaeial sales pruiuitatie of tha Confederated Onion Grower' aaairiatimi Considering the national demand for Ora Cob onkns this m a amen haadfni of aopplias and tha , report eaoaed tha geacral trade to atrenrtbea here. ' O'fieial annuuuca ment waa nude by Mr. Swank of the aala of rarioad lots at f 4.25 per central t o. b. country ahipptng atations. Una S.TT1W tha hlah Mint il I . .V. J m ".i" i ,u hi iiwiT " 'w aawa. Manr nuniiriea foe Oreson oniona ara now rcmina- front variona parte of the coontry. aadi catins aa early deanap if giuaeia are waUns -to i i vmiuea. noweTer, uwre tt s bold ing tendency amoas the crowera sad this win de lay the cleanup somewhat. . Along Front street the ahortace of onion hold- ms naa been aceStod for ml a. .-a prirea there hare stiffened considerably as a refOJt. v Little stock is held by local wholesaler! at this vane. Thosedesinng special information regarding any market, should write the Market Editor, uwgon Journal, enclosing stamp for reply. High Price Paid for Steers at Spokane- SrxSkane. Wash., Jan. 2. The highest price para for str on the Spokane market since last May was paid at the Union stockyards yea teruay by Armour Co.. for a Car of 28 fine Mottana animals averaging- 1121 pounds. The Potato Growers of Redmond Suffer by Rate Differentials Although potatoes produced in the Redmond section have won prizes for quality and sise over every other va riety of potato in the Northwest upon innumerable occasions, the growers of that section are unable to compete with growers of Yakima and Idaho Falls be cause of discriminatory Robbins, Redmond was a visitor in Portland Saturday. "The rate upon which the Redmond grower has to do business is 28 cents, wh e the rates from Yakima and Idaho Falls is 24 cents," Robbins said. 'The railroads say that this higher rate from Central Oregon is necessary because Redmond and the other districts in the interior are on a branch line "Under present conditions It is impos sible for the Redmond grower to get into' the Portland market, so Oregon products are being excluded in prefer c? to Products of Washington and Idaho. The Redmond district would produce more potatoes and the railroads would get more business if the rates were satisfactorily adjusted. "In addition to the local -discrimination the railroads have allowed a com bination tariff on potatoes moving from Yakima and Idaho Falls to California P'nts- but Oregon growers have not obtained this special combination rate and are therefore kept out of the southern market also." been the rapidly increasing cargo move ment through the Panama canal of ordi nary construction material, into the New York and Boston markets es pecially. . .vf rapidly increasing purchase of the Japanese was the striking . feature of the 1921 export market Japsyi in one year haa developed as the largest individual purchaser of west coast tim beT Products. A plentiful tonnage on the Pacific and an improved financial condition, coupled with a continued wage of at least three times the pre war scale have been factors that have been reflected in the rapidly increasing use of our lumber. China has been a little sub-normal. Large stocks in the yards purchased at high prices and shipped at high rates have had, of necessity to be worked off before normal purchasing could be re sumed. The value of the pound eterling has prevented much of a movement to the United Kingdom and the colonies. Stocks In Australia are depleted and the recent change in exchange can be expected to develop a market of some value. The largest market of the Northwest the west coast of South America, due, especially to the price of copper, has become practically its smallest outlet. Copper is firmer and better conditions can be expected in the not far distant future. H o 1 id a y Showing W Trade IMonday Thrqugliout Nation X oasay was a holiday Ta' the tB. raJ wkolrsals trad f Psrtlaad as. threarkoat the reaatry. n mssm of ariy of tha fiaaaelaL arrala or cot. tea exeaara were held. The baaka were closed, dariaf the day. AU la UtaUoas win be reopeard Taesaay moraiar- FRANCE IN MARKET FOR PINE LUMBER . V" S 1 T n. - The French amem- n. ,pUT! " or" thl week with Soutlirrn ""T -iw.wo.ooo leet of pine, lumber, and W . b. to operate without Hr?. ,. 01 tbMr forc"- Mannfartarefi say that storks are ao low and production so small that any great rental in domestic demand fa snre to be followed by adrancea in prirea. They bs " Present pnrea are at the bottom. Chicago. T.v. II. Woodworking plant here are posy." Bash and door factories .n n,.m.. foil time with orders enough on band to keep tbem going bnskly through March. Chair fac tories report a- large demand. LEATHER Boston. Jan. 2 Leather dealers in this section are refusing to follow the hide market up. The strike at the stock yardi haa caused a ko'V,1' nd l,nc" adranced from SO to 100 per cent from la.t Hiring' leer I There has been no coirexnonding increase in leather. Inexperienced workers at the stork yards are making the number of hides rejected extremely high. STEEL f rm T . n . i , , . - " "um-wiii sieei oroers nae dropped off. Local ateel mills are still running at SO per cent of capacity KLOCR Kuiai rMtv I . n 1 . . . . . - , r iwur naa reacoea tne lowest nrrei recorded in the crop year and the "- " eeTen yean, races for bran, howeyer. have doubled within the last two weeks. Flour buyers are holding off until the market becomes more stable. PRODUCE ew York, Jan. 2. Shipments of celery this year are far in excess of those for last season. Tnia city is absorbing about one-third of the New York state crop. STEEL Pittsburg. Jan 2. Rearrangement of the naral program will mean business for the Pitta burg district. The Colorado and Washington will be electrically driren. the entire electrical propelling equipment being manufactured by the estuignouae company. The steam driren tur Mnea to generate the electric current are being built by the same company. COPPER Xew York. Jan. 2. The domestic copper market is expected to remain somewhat inactive until after the holidays, but the export demand continues to increase. Bond and Mortgage Company Organized Spokane, Wash.. Jan. 2. Members of the Lin roln Trust company, including former Goremor M E. Hay. E. T. Hay and H. C. Sampson, hare Hint MmnUtal V.- . ; T, .. : i, t(uiuua 01 tne po- Bond and Mortgage company, with a capi- , wi utiv.uvu. me aame time the capitautation of the Big Bend Land Company 1 controlled by the same interest, hu been doubled from 1750.000 to 1. 600. 000. The officers for the new bond and mortgage com pany anil be selected at a meeting to be held in January. Attorney .Lester P. Edge is one of the incorporators, in addition to those named NEW INCORPORATIONS Salem. Or Jan. 2 The H. & E. Auto com pany of Portland capitalised at 1100.000 filed articles of incorporation with the state corpora tion department here Friday. The tnromora !?! , Hopkins. T. Cre Williams and Thomas F. Bradahaw. Articiea were alio filed by Conner's of Cnion. eapitahied at S25.O00. MacWood. Frank cW ner and L. A. Reoken are the incorporators . ,,rtiflct fUl y Patton a Robinson. Inc. ot Hedford. shows an increase in capitalization from $20,000 to (30.000. ResoluUons of dissolution were filed by the Bend Hsrdware Company of Bend and the Klum Advertising company of Medford. MlBlnaf Compaar "Will Reorg-aalse Baker. Jan. 2. F. L. Saunders and Sels Smith departed this morning for their home "t Pasco, Wash., after an inspection trip to the Susan D. mine in the Virtue district near Baker. According to the two - men. who are interested in this mining property, it is quite probable that active work will be resumed in the near future. A plan is now under way for a re organization of the company. lee Factory- at Moatesaae Monteaano. Wash.. Jan. 2. Articles of m corpc ration hare been filed by the Ice Delivery company, an Aberdeen concern, that will manu facture and retail ice. with capital stock of F000. Temporary directors are Russell G. Hall aa-i Elmer E. Hemrich. FlePb storiaa- Ire White Salmon. Waah.. Jan. 2. The Trout ' loe aeociation of Guler Wash., has fin ished storing a large crop of ice. The tier mnmptr n . r. .1 1 s . n :VT , . . v uea-rees sooee ii Uut JIk in h TrouUake ealiey. - . - - - "Wi tiuuuiM VS1 ideal conditions for the securing the ice of By George McManus rED DEMAND LIVESTOCK MARKET SHOWS V PORTLAND UVKSTCTK Rr Hoca. Cattle. Valees. Sheen. Cars. 120 18 ;8T 2S4T " - Hobday age.' ISIS TO so ; Mmwta Wee .go. 3 weeks 4 tuii S?ia Tear ago . 2 years ago S years ago 4 years ago m: 10S 4041 28S North Pns-tTavut k. . nl - aa loads for t tha week a opening, hot there- waa a at tne Mart for all offerings ? and in ansae hv staacea lower varaea were forced, while n other nn" mrl indicationa were- foe a reduced range. Hog market started with tpa off Sle, with the general market indicating ia steady to wrak tone- In fart, early tnaaartiaoa were erratic aad hard to explain, because of the partial holt to a ' ln P""" hght rlaas d rapped i tne day a run. 13t bogs went direct to kit kern "general hog market range: Prime light .$ a.7 Soooth !,,. 236-300 lba.J. . T aOai 8 50 Smooth bear). 300 lbs. up. 4-. .ftO" T &0 Kongh heary j i. . o(a 7.00 J" rags J . n.ZOm S.7S feeder pan J. . a.joar 8.7S 4. . i.wm .&e CaUla BUrkat g4wai Cattle market waa alow land inrlnwd to weaken. There waa Tery hole early trading in Uua division of the North PorUand market Mon day. Nominal burineai was woown about 2.V below Saturday' i top in the at tier diruton. Bais in general started with a loss (of 5 Or from pre rias figures. Kiueni bad 1H0 bead direct: from the country ieneral cattle market range! Choice steers ! .$ 7S 70 Medium to gucd sieers L. 6.25 at 75 lair to medium steers J. . 5.75 at S.25 Common to fair steers j. 4.7-s 5."S 'hoire cows and heifers . . . X . 5 25 as 5.75 Medium to good cows and heifers 4.75 at J.25 Fair to medium cows and heifers 4.25 (a 4.75 Common to fair cows and heifers 8.25 (a 4.25 -i- . 2.25 s 1.25 5ull J.y .00s 4.00 rsir to good feeders .. 4.504a 5.0O Choice dairy calrea 2.. 9 00(al0 0O Prime light calrea 4.. 8.00 4a 09 Medium Ugbt calrea J.. 6.00a 8 00 Heary calrea j . . 3.00 8.00 Muttsa aiaa aioai of tie VA" ...kT .11."-.. Slow and weak tone ahowaa at tlks aoaenna diriaion at North PortUnl OeeeRnnoT. SZZ was a run or 2547 head, with 467 head direct to killers from country parefcasea. There waa a tendency amdxig killers to bold down prirea for both sheep and lambs at the opening. j i veneral sheep and lamb market: Rest east of mountain lambs 1.. 8 50 V.00 Fair to good lambs Cull lamhs 6.00 at R 00 Best valley lambs j East of mountain feeder t-'n 4 00 t.00 8.00 as h.ao 6.00 as 6.00 5.00 4 5.00 m 4.00 1.00 as .00 Light yearlings Heavy yearlings . Light wethers Heavy wethers Ewes . 7.00 6 00 a.oo 5.00 5.00 , . ""'m vi uaiur were made at the lower range, butt there waa a more of cattle were iiwireauir aaio in pressure against cows than in the steer division. t Monday Mornliia. galas Ave. lbs. Price. No.l Are. lbs. Price. STFKRS No. 26. 13. . .1189 ( 7.50 I 24". COWS . . 202' 8.30 1 1. .1185 I T.50 290 f.00 BULLS 4 1330 $ .35 j HOGS ! 9 00 I 0 9 25 i 91 . 2 . . . . 19S . . . 212 208 8 .00 WHOLESALE FEICES 5 F0RTLA5D The tn price r eta Deri pay wholesaler, except as otherwise noted. 3 Dairy Proaucu BUTTER Selling price, box lota. Cream ery prices: Print extras, 40 m 42c tor plain wrappers; cubes extras. 87 38c lb. : dairy. -buying price. 2425e lb. J BtJTTEBFAT PorUand delivery bash. No. 1 grade, 36c lb.; No. 2. S4c; country stations. 34 6 36c lb for No. 1 gradaL CHEESE Selling pricelr Tillamook. fraek Oregon fancy triplets, 29e ; Young Amer icas, 80c lb. Prioe to joobera t. o. b. Til lamook: Triplet. 26c; Toon Americas. 27e. Selling price: Block Swfer.i ,'ancy. S6 0 38c; Umbarger. I0I4e B... cream brick. 210 S0e lb. f EGGS Buying pries. Front street: Car rent receipts, I5c do. ; heaneriea, 40e per ana.: candled, selling price. 4044c doa.; select 44 SOc doa.: pullets. 39s4Sd. a3GG8 Association prices: f Select, 50c doa.; first. 48c doz.; pullet. 45e log UVE POULTRY Selling prices: Heavy hens. 25 m 26c lb.; light heat. 17lRe lb.: sprfaigs.2021c lb : broilersi 28 eJ 80c lb.; oid roosten. 10c lb. : turkeys, d roused. S5S8e lb.; live. 28c per lb.: ducks, live. 25 27a lb.; dressed. 80c lb.; geese, livej 20c lb.; dxaaeed. 25 30c lb. Freeh a i tetania, sm rrta FRESH FRUIT Oraagea. 34.569 6 50 box; banana. 8 H c lb; lemons. 14.75 6.00 caee; grapefruit. Florida, 86.50 7.00. BERRIES Cranb-ririts. local. 16.6 47 00 box: Eastern. $20.00 per bbU DRIED FB11TS Dates. .(5.00a 7.00 box; fig, black. $3.00 3.25 per 25 1b. box: prun-4. 70s and 80t 30-Tbj box "He lb. ONIONS Selling price to reUOen: Local. 4. 5U 5.00; buying price. 33.754 00 coun try: garlic. 10 15c lb.; greea oniona, 40c dozen bunches. ) POTATOES Selling pnra to reU tiers: Oregrn fancy. t2 00 per cental: buying price, country, $1.00 1.25 per cental: Takima be-t, $2.00 2.25 per cental; sweet potatoes. 4 6e per Pa i VEGETABLES String beanv 12 He lb: beets. $2.50 per sack; cabbage. 3$Sc lb.; lettuce. $2.7. tr 4 50 craU : ; eggi'lant, 15c lb.; parsnips, $3. SO sack: green i peppers. 40e lb.: ton 1 i.h, tomatoes. California, $4.50 per lug; horaerad- 15e lb.: sprouts, 17 He per lb.: articbufcea. $1.75 eJ 1.85 doa; cauliflower. $2 50 erata: eel ery. 85c (a $1.00 dor. APPLES Spitzenburgs. tatra fancy 4-tier. $8.00 8.25; fancy 4-tir. $2.40 2.50; choice 4-tier. $2.00. 1 APPLES Ortleys. extra fancy 4-lr. $2.25 fancy 4 -tier. $2.50: choice 4-tier. 8175. i APPIES Deliclouv lra fancy 4-tier. 48 50; fancy 4-tier. $3 23; choice 4-tier. $8.00. i APPLEB Cooking toek. 7 75e $1 SO box. Twenty-five eenu off all abovt on 150 aad 183 aisea, 50c off on 175s and stuUar Mllti J COINTRT MEATS Sellihg prke: Conntry hogs. 1212fce per lb. for top blockers about 12 A tn 130 lb., heavy rttrff leas: vaal. too ahont 80 to 100 Iba. ; 15ltsc Dx; fc, stuff lees; spring lambs, 13a14c lb BMOKLD MEATS Hsau. 27So lb., breakfart baecn. 23 4 5c lb. .I'ACK1NG HOC8E MEATS 8arr best 12 12 He; heifers, 11c; cows. 10c; lamba. IS 19r; wethers, 15c; ewes 1012e lb. LARD Kettle rendered, j 1 5 4. e lb . bare bajis; compound. 13c lb. 1 Flak and BheilfUn FRESH FISH SOveritde. 22c per B ; bihbut, 20c per lb.; atargeoa. 1720 Da.; bfcck cod. 10rlle lb.: basket kippered eod. $2 25; Ung cd. 8c lb ! OTHTrpB . i a. am. a. - $3.00 gal., $1.40 pint; crabs, large $3.7$. mall $2.80 doz Mopa. Wool andl Midas BOPS 1921 crop, nominal. l20e ib, HIDES Calfkim. 10c; kips. 5 6c! fnaea hide-. 8c; raited. 3 4e Bj. MOHAIB Nominal. 15e Jb WOOL Willamette vlley cosrve. 10 12c medrum. 1 7 1 c ; fine. 24 25e: Eaatera KIIESS ins ina la.ia tt nit tea 7 ? 204 14 is fss eta tit 14S In g For Your January Funds vVe own and offer the following income tax exempt municipal bonji: j - Douglas County (Oregon.) Road Crook County (Orpgoa) Road , NortL Band (Oregon) Rr Eqriiptnamt. Ariingto. (Oragoa) Cam. OUg ; EpkraU (Wash.) C-n. OUg. Watar, i : Whatcom Conatw CWsak.') Boaal. . :' . t Lariatoii (Mont, farinf Diet. No. WESTERN BOND MONDAY. JANUARY 2. ItZZ. 1 1 g x - Bs '- TALLOW ? AMD - Ka. . 1 . tmaWtz. :. 5. le lb. - CaaCAaU UU-Hew. Set aat ' . attoatkktaaBBm ..1!AXIL-Jrt e-siu.- 11.81: ktaja i ."-; -ataav s,0w: . H05IY Caaa, M Te lb: 5e Orleaaa bead. COrTttomu, IT2 as. a mJTTS'-' Itwa, till a. J1T.85; tabla dairy. . tST.!: I . ae4.wO; laaty Ubte aad wain, aiaaa- , Cooa. .!: frwa aad : yeuoat I. .J0: beet- era. extra C. IS 46: aoldew r tt is CAXXED MILK Talis, ti.lt J baby 'ataav, 4.5 ease: EaeV. t 75 reaa - min?ttom- w ; . abacada, 14 4 i,SOe ". Jajaiasaaa, II ' rs-a. Oik WTRK XAILA Bat price. M 10 kea eJS55? T-& 5 ktla GASOUSI Iroa barreh. I4: eaaaa. It. UVt LKaiV-To. inu. l-e; &o Ba. MEVTEN ADMITS (OosjThraad (reaa Page Owe) During; the ar. In my ministry to th soldier and fpeially to the ail ora. I fell into the very bad habit if darn to express disapproval or annoy ance. I did, under ronaiderable provo cation, call a man a damn fool. For both the bad habit and profane remark I aan sincerely sorry. The man ao ad dressed haa forgiven me lone aco. I did pinch' a naked arm In protest that a little more clothing; would look better In church. I did speak to a your woman about being more decently clad. r"' l. "rucr n'r : furnlabed "r " 8nmwl Ior r n"ed houldera. I ought not to hare boastfully joked about these episodes and for that, too. I am sorry. I regret also speaking with over-indignation when costly mistakes were made or when inaccurate reports were presented. "I hare learned my lesson. Never again will 1 be even free ln a friendly way with any woman tn my employ. Of course I shall try to be courteous and considerate. 1 have oftentimes .been undignified, but since being remindexl of this, lack by this regrettable episode. I have been most careful in word and conduct. It is my sincere purpose to so conduct my pernonul life that it will al ways measure up to the highest Chri tian standard a. "I keenly regret the pain I have caused my friends. . I heartily thark them for their many words of confi dence and support. I freely forgive all who have unconsciously been unkind. And I am juat as aorry tor the pain I have caused my critics. -W. T. MfELVEEN." The regular program of 'the Minih tertal association will be given at 10:40 o'clock Tuesday at the Y. M. C A. with , Dr. Mc Kl veen eliminated from the pro gram. Dr. H. L. Bowman of the Flint Presbyterian church and Dr. W. B. Hln son have signtfiad a willingness to ap pear with Chaplain F. K. Howard of the Kpiscopal church, wjio has .taken Dr. McElveens place. T TT is a business investment and not an expensive outlay to let us do your Printing F. W. Baltes & Compsmy rrinters Maiamum Stack, totals, Camam. Caraaav, Cla. 113-317 Roar) f TraaU BwUtliag Overbeck&CookeCo. DIRECT PRIVATE WIRES TO ALL EXCHANGES saeaeawre Laaraga oar I raw trriHi4U af &gaa Jsryi -ai -saaww 14 CHARGES IN PART ff EROLUNS A aorrow tw yoka cmicaco Jl sAN FgANCKCO US ANU1B M B RB. MeCUIRE 1 tt 404 COUCH BUILDING B ClrpfcmrcwwTilii JpJ U Rate Maturity . YWU 4H 1924 5.10 .. 6 1934-39 50 . . 6 1931 S.S5 .'. 7 1941 60 .. 6 1 925-3 S 6.00 6 1924 S.M ..6 . 1931 7J00. 45 & MORTGAGE CO. -i i I! Croua Floor Boatrd ol TraaU BU. 0 Fotsrtk Stroot . .. . - ' 1 ' 1 L ToL Maw. 113 PcrtUoai OnC