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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Jan. 7, 1922)
.Saturday, January 7, izzx TIIS - OREGOIJ DAILY JOURNAL rOHTLAIID, OREGON r r. r . 1 -- , 't BIS TQAGTIVEYEAR1N FED Jut what a bfMMrau year tor Port. '-In4 Irtdaatrlo or area a fairly normal PflRTI Aim ' . -1 claar nderataadla of tha bmorMi . iMr win fern - - - I. placer that Um productive industries new OCWpy. J. . - I Portland .alone the -iMeeUUd In.' (rW Mtlnwit . that between .0 m m vm, men are am ployed la prod act. v Industries at thia umt, with a par- appvoalmately I..SO0.0O a month, or ibrct HM.aoa . oar. , Ttila i. fn. l'lX-n Immadlata Vtcislty only. "" "ox incjuoe ma outside terrt- Ury of the state watch haa about th same number of men. and about the same PyrolL yj. v I ourr tow a rith repreeentaUve man "ad In the principal lines of tnduatry nara aiecioae that the head of theee vanoua Una af baalneee look forward . eaceiiaai yea I durtn lf2J, and a mil ratara to normal condition. ICIIU OCTLOOK BKIOMT ' - Pwrhane ef aialor bnmriuiM in u JJon ta reneral proepertty of tbla diatrict im uie. 1 am oar inaustry. Lurabar in 'oaraj expect a vary prosperous j yaarioa mm miila and kindred Industrie. '. Taa hand of ana of tba laife lumbar op-ipaaiee with headquarters In Portland and. ' oonnactkme throughout tba East aspects tbla year to be the bit-rest year that hla company haa ever bad. "Over . f par cent of our lumbar la shipped vi mm jaiaaiaeippi nrer, ha ex viaiiMo,. ana we rind that not only is buudlna and eonetrm-tlnr. ...... . ally revivtaa;. but the stock la the yarda , r vary low, and man n fact urln stocks . are alao low. .This mean that buying- throaghoat the country will be reflected directly In mill activities. ' . In addition to tba Increasing" domestic demand, the export trade la holding- up ' rIU ln ' the principal Payer. In the year Just peat, and con- i tlauea to buv kutll in i ;' with Portland getting her full ahare of tba bualneaa. 80 me exports are ahm be ing maae to oiina. Australia, England ana Franc.. Tba export demand la BToaaentaa. Many domestic lumber buyers have bom back as long as possible for lower pnoee. out pnoaa In thia Una are aald to hare reached bottom, and a heavy Duainaes is anticipated with an upward nmi 01 pncee. ACHIHEBT LI1TB rKOMISIHG , Machinery and equipment for the lum Per nulla oecuaiea a narallar waiin. On this line much of the bualneaa of the rou ana ataei- foundore dependa, and inaaa plants have not been running an extent correapondlng to that of the mllla. An exbkuiatlon nf tla I. In the fact that many lumber mills faced. b uwuvii iot uie year izi, and post ponad every purchase of new equipment that they could. In caaa nf m. mill -v.- nlng only halt or a third of the plant, when any part 'bees ma worn out or was broken, replacement waa made from the eequlpment of that nart nf th. mm that waa Idle. Naturally aa the mllla rwwna iuii opera none may wm not only raaulre the reaulmr miIiamuhi mant, but will ba obliged to buy heavily to re -equip thai part of their plant that wwmn Ni ITBftlTrmJt B00KI568 a maouractura or furniture la rap t a-enming a piece or graac Import- n me inaueiriai ilia of Portland. Five large plants are In operation, with a number of savUler ones. u. J. Car man of the Carman Manufacturing com pany reports orders on the books about tO per cent la excees of the correspond ing parted laaC year. Previous to the flret of the year the Carman plant waa running five days 'a week, but begin Mng the first of the year it went' an full time and Is now running 4o capao atty. The Poernbochor Furniture 'com pany ia running to capacity, efnploylna over 400 roan, and anticipates all the bualnaaa that It caa handle thia year. Tba Freeman ruraiture Corapaay, max- laa btvh.n&jia I kl.a i in behind with ita orders, with an excellent demand from aouthern and southeastern Points, , , WOOUT.V rLAJTTS ISCBJtASB ' Jncraaaad- pradactlon In the woolen mllla, with Ovary Indication ct the hav teat year's bastaess that these companies ; have ever enjoyed, la the rule n prac tically ovary plaat maklngr woolen good The Portland Woolen MlUa are running aa high aa three shifts in soma depart tnetita and giving employment to over IM people. The Pendleton Woolen MUla report ail their mllla running to capacity, and some running overtime.. They are putting, In new equipment In their Waah ugal mill to (ha extent of $10,000 to taoreaae production. The Oregon Worst- r ed company la running two abifta. Tba Jantsen Knitting MUla fwport 10 per coat snare orders 00 their books for spring delivery only thaa their whole .ltlO bualnaaa. with orders far In excess of correapondlng period laat year. FLOUS. MILLS mCHANGED CoadlUons with the Hour mllU does not reflect much change, this Una being ataple. Borne of the mills Bote .a alight Increase la busjneaa, prlaclpally In by. products, . ' Other manufacturing plants and shops t many kind a, of which there are a Urga Bomber In Portland, are generally busy. A considerable number of men are engaged in automobile body , build. Inc. la the making of brick and tile, rope, twine, and spectaltiee of many lda. The outlook In most of these ltpaa la for a considerably heavier busl ,eaa aa the sessoa advances. HACKETT ; DIGGER CO. 4 'V- Clay St. Teletkese East . i i wum acatigNgB RIYEH, SAK3 AX3. 6HAYEL Tawing and Ligkteriag ' -i .... P.Iultnomah Trtrnk- A E4i Ca. WaaJaaala Ifw ! Trla. sSteJT . ' . . IT WILli I I ' '.,:- I Get Our Ebtimaten FIRST GLIMPSES OF A MAJOR INDUSTRY) K fv 1 - ' v V j.'iuimuH in 11 Ml ;riiiiafiiir'iiiinHTiiiHHifiHWiminiiiuunniii- 111" , I . ? v. . : r-' t JS.' ' J I 1 - I , A . I . - 1 " - 1 1 I !)" - . w " i I- t AsV ft ff'-l S-S:! '' g-" -wl AcuviUea aJonc PorUand'a waterfront. AboveLoading & Tennlma S7v A Tl .In 1 a .' . . .... w ixw vuawunf oDiiee The Outlook The Worst in Business Is Passed and Recovery the Country Over Is Under Way (Coprrtsht, 1922. by the Hew York Xeaing PoM, Iae. Published by Amssemeat) : By P. Schneider Jr. New York. Jan. 7. While the present world situation still carries an abund ance of uncertainties, the probability is that the worst of the depression ia passed and that a gradual recovery In business has begun. Such a conclusion Is Justi fied on both theoretical and empirical grounds. Rahaaraina tha imiumim f .nnt. I the typical business cycle. It will be re- caiHMi uiai axier a crisis naa Dean oren of Inflated costs and high tqoney rates, the first sign of a break cornea In the stock market The next striking devel opment is a decline In commodity prices, to be followed In turn by a slackening In the rate of bualneaa activity and depres sion. SUU later in the cycle, money rates begin to fall. The first sign of a a v rtrtlient, shock-absorbinf 'pavement surface that with? tUiids the A, impact of traffic without shattering1 of distnte 'tratlnf. . WARREN BROTHERS COMPANY 2S9 East Sali-o. St, Partlaad, Ore. v LEACH BROS. & CO. -." Exelstive M aaataetarers ef SASH WEIGHTS . Foundry H Hood St -Office S71 llae 9t Oregon Fan Belt G. .' 1SH Seeead 8U-Mala Silt. , 13 Makers of the best leather Fan Belt for ell make of Automobiles. Special Belts for Trucks, etc, Asa Tear .Dealer. WE PAINT FOR LESS Wa have bee- painting autoa for 8 Tears and will give you an expert Job. Veterans Auto Paint Shop Office t aTaia'UU. Kee.t. Mar. tm. Car. 1st aad Harrisaa. - ? DSJ?5?8WW rt Calvert . -Hps, Irrlratlas IMaa, Oravity i . ; . Watat. System. Offlcet JIT BtMu4r Trade BMg. Braadwar tx. r raetoryri Kirer St .East 4U8. BAT Ton vn . Warrenite Bitulithic Ml '.,y:,:,:',' . -: -,. : I at aioera Bros. dock. revival, then, comes aa a rally In se curity prices. In the present instance the Indications are that the latter stage has been reached. November. 1919, say the be ginning of liquidation in the stock mar ket : 1920 was the year of fallinr com modify prices; 1921 has been the year of falling money rates. The autumn of me past year, furthermore, saw a mod est but distinct improvement in the volume of industrial production, and the . Telephone Sellwood 597 East Side Mill & Lumber Co. Manufacturers of ' Douglas Fir LUMBER Foot of Spokane Avenue PORTLAND, OREGON Sash and Door. General Millwork Truck,, Stage and DeKvery Bodies Built WHB.L'J$rOEa:, BLACKSMITHI3TG Lowest Prviss All Work Guaranteed Eureka Carriage' fc Auto Works i m-Ur Coach 8U Bdwy. SKI. Windowi, Doors, Glass rim Lamasr, lecture aa Oar EEACOCK SASH & DOOfl CO. Pendleton Woolen Mills fssdUtea, On UANUPACTUKKKS OF Piure Fleece Wool Blankets Indian Robes; Steamer Rugs. Bath Robea and Auto Robes Portland Furniture Mfg. Co. Makers of OTTEKSTUfFEB BATEKPOBTiC 1 CHAIBS. COUCHES. LOCKSES, ALL K1KD8 OF UPHOLSTEBEB FCKHITUBE aad M ATTBE8SES UU.Uil Macadam Boad Pkoaei Mala UK Ui. IS .1 BARRELS AND CASKS Aa AB Klals ef teaeraga at Fiaks) BrCaoporaca Works M rraak JfaU tltt KNIGHT'S, Mince Meat KNIGHT PKG. CO. POBTLA3TB, OKIGOU ( 5 sM?m last months of tha year witnessed sub stantial recoveries in saeurity prices. ..- LASTlnr tha -ml thni-r ml nf' tlil Question, it . ia . annannt that hnrinM cooditiona are 'now. on a much more workable basis. Commodity prices bava gained a very fair measure of stability. "Distress" sellina; ot commodities Is gen erallr at an mi vmw ...i,,n. commodity prices are likely to reflect f proaucuon costs aa a result ot wage reductions and lower transporta tion costs. As aoch thev will ba leaa rapid and more calculabla, They win create nothing- Uke tbe-uncertainty at tending th earlier decUnea. Stocks of commodities are very considerably re duced and several basic industries show crnsTwortny signs of haring turned the corner. - . . ..... . : A major Improvement in hankine- n- ditions is another' encouraging; factor. Whether measured by the extraordinary rnas in rs aaaa rua aaifiaa ap rnvm - aaa smK- stastial decline In Interest rates, the an swer is the same. A vast volume of frosen credita haa been liquidated. War paper holdings of the federal reser system have been greatly reduced. A smaller volume of self -liquidating paper which represents lower price levels baa heaa anhaHtntMl ' Th Kir namKr baz&a have been able to pay off most . w 1 i y, . 1 .. v umr wmm u uie reserve dshbs. a certain volume of frosen credits does, to be sure.' still exist-in tha a-ratn and livestock district. It is a striking fact, however, that borrowing aa between tha different regional reserve banks la at an end, each being able to take care of Its own needs without assistance for the first time since 1917. Actual betterments in industry are nu merous. Steel making touched the depth of its depression last July, haa rallied substantially, and ia holding its aaina well throuah tha normally dull winter aeaaon. Textlla mills have finer a ted at a remarkable satisfactory .rate; and their takings of cotton . and wool h&ve increased consistently.- Cotton growers profited by a strong - rise In values during the fall, and ' the oil" in dustrv shows a haaithv reeoverv from an overdone price-deflation. xx Dusmess, men, nas turned, me cor ner, the Question remains as to the prob- hU mw nf th rwwnrv. Rwf1 powerful- brakes to the movement-must Da soouuni. x ue uuinauou . l woriu business has been huge, representing the ttMtlHatin,. nAl nnlv ft m vfftlnt Tintt. armistice speculation, but the inflation 01 xour years 01 woria war. riurope s economic loss was enormous, and the purchasing power destroyed cannot be Waatltaaaa.a laa AnV Weay conclude, therefore, that the worst Is past and that recovery 4s under gradual, and seasonal trends probably walll aaaaa.,4 Al.t ITaaa tVlO IdtmllW . cheaper money rather than pronouncedly neiier traae seems 10 no on uie . conn. Further moaerate readjustments may oe expected in production costs and prices, and marains of profit will be moderate. An increasing number: of businesses should,- however, be able to operate at profit TH T1? WWTV1T. MDITIlTin A J.aai IfU MJ ... n Wt . y I. lymw .a St Louts. Jan. T. Invigorating effects Jaa aaAaalatAi4 .tAiaW If. VOA Q H itrtraal 11 through the South and West are being felt by the wholesale dry goods ' trade hr. iHinitUa. nArm ftp. rnt nnlv fait nnri t riear i a v., ttAffi, Kut cmnA ftiul nianv ont jf town merchants are in the city making purchases. Jobbing houses are anticipating large sales of white goods in ine eariy part 01 January. NEW HAVEN CARRIAGE & AUTO WORKS Geo. Warier aad Joka Wagacr. Auto and Truck Bodies, Springs. Wind Shields Cabs Over Driver's Seat WE SPECIALIZE OH" WHEELS Fkose Broadway lift Cor. tu and Everett Rasmossen&Co. . Maker of Paints and Varnish N. E. Cor. 2d and Taylor Portland. Oregon fC ABO Um BRIOK A SFteiALTV Made in Portland IP IT MICK, wc havi rr aai t cast onnisoa as. MMrnjuie, on. Ohsa a MtnchboiM. St CLARKE COUNTY IRON W03KS CaOINEKRS, SUCHINISTS PATTBIIMMAREM , LlfM and ttaar Fsnlna 104-ios m. 4ta oc P. SHARKEY & SON Long Straw Horse Collars UST oaa abo MM ava. BATE S. PR eSTt UWINbANo LIGHTERING BATES DOCK BLDG H 11 ShopeBrickCo. II LLOYD Industrials Random Observations in Port land Plants by an Inquiring Journal News Writer - How would you Ha' to pay S15O0 for a single- picture to ba used fat your ad vertising? - Yep, we do K right here -at home. Colea PhlBlps painted one bath- u-ar gu-i sor u jantaen Knitting Hills for that little sum. Sea it la the na tions! magasines. ; Soma bathing- girl- mr am som cnov 1 look at them. .5 M an excloalve prodoet of the effete East? W W- ataoa in foruand also. , We ar not rnml . aiHrilH r c Freeman of tha Aaaodalad :Ii4iHtrlM compates that If tha noodles, spaghetti. macaroni ana vermiceiu maae in Port land were lata end M end they would reach awn llnua armniu ..a4k ..j u a aoapie bow anot in the middle. . laia is cumnr am nrattv inaj fn sewer Job B. P. Seydel bid $54,24.47 and unaxles Solomon bid aa even $5(24. He Keia tne joo oy a margin of 47 cents. Cement sine made in Pnrtiam tn w used. What is reputed to he tha first elec tric steal furnaa In naa wt . .v- Mississippi rtrer can bo seen here at uuuiv. rui in dj vna auectnc steel xoun- drv tUSt a littla whila .miait 1. now regarded as more or less obsolete ana naa oeen superceded by a late mod era type. ... "A prophet is never without honor save m ms own country.- Tnere are still a few old fashioned people that believe that a thin must ha ahinna or it is no good that because it U made rignt at noma it is made by inexperi enced people and makeshift machinery. I got this Story from excellent infhArir. A Portland manufacturer, when In the East, entered the national headquarters of the association in hla Una i rim. and- without mentioning hla name asked where he could go to see the very latest In machinery and equipment ia that business. He expected to pick up some points for use In his own plant whan he returned. "The most modern plant In our line," he waa told, "la not in thia lo cality, am a matter of fact too win have to travel quite a long way to see iv 1. is locsiea out on the Pacific coast" and they referred him to his own plant - , 1l7,ouJ.knw thre vraa a large plant in Portland that makes nothing but sash winaows 7 Tes Leach oros. mazes lots or them. Question 1 How long ooea 11 take to wear a sash weight out! Married man on my right says de- l-Buua on wnai u is used for. BRICK for Permanence A home built of Beat Clay Brick is a peraanent asset, a home of beauty nd a Joy forever, rather than a con- iui iiui consirucuon. Build with thm "IdeaP Brick HoUow Wall Book of Plana Free. Standard Brick & Tile Co - M fit. OA ; sf 7 9m oi JsnUvaT 1ft Commodity :. Briefs; . t ' STEEL .. Cleveland Tha Upson nut works ot the Boiuae-FaHer company announoed today that SO man would ba rw employad immediately. Vice President laaapin aaia bualneaa old not really re quire the hirinx of thai number but that the oomnanv waa dolnr 1 i hain it. old employes. Sixteen , hnndrad are aormally ampioywd. . : . . New York Tha Merchants' Shipbuilding- oorporatSoa haa been awarded-a Experiments Are Costly - . . ,. 1 The wise buyer knows he is rarely successful in keeping his costs down, buying unknown and untried merchandise at alluringly low initial price. ' The cost of undoing a poorly done job, through fault of poor ma terial, increases'first costs, sometimes to the point of losing legitimate profits. Buy "Portland" cordage and assure yourself of maximum length and required strength, for your purpose, in rope and twine. Our unquestioned reputation is your guarantee. Pure Manila pure Manila . Rer U. & Pstaot Oft) (R. C. a Pateat Oft.) Clover Leaf Brand Seaport Brand Unexcelled A General Purpose Rope The Portland Cordage Co. Portland . Facts of Public Interest Few people in Portland realize the magnitude of the Warren Construction Company business and what it means to Oregon in the employment of men and in the purchase of materials that go into road-building. Location of Operations: We are operating in all the Pacific Coast and Northern Inter-mountain states. Volume: Home Product: Over 200 men who live in Portland are sent out durittg the working season, and their earnings return here to support their families. thJd'ocks PortlSd USCd HginateS in this section' and thousands of tons pass over We maintain a complete shop in Portland. It is erected on our own property where we manufacture and repair our equipment, and upwards of 50 men are employed. Our bankmg is done at the home banks in Portland, and bonds which are received in payment for work and collections pass through Portland bond houses and banks.4 Guarantee: Seventeen years service on the principal streets of Portland and over eleven years' service in upwards of 150 aties in the Northwest, and the Columbia River Hiehwav SS5ra2aSSth year of use' arc the best guarantce for our a Warren Construction Company Wybcrg Butte, Portland, Oregon. (P. O. Box 1186) contract -for alx aad ofte-half mtlaa of steal riveted pipe for exteadinc tha Una uie uaaam aqneluct rrom Cold -Sprtaga to Oesining. N. T. ; COPPER . . -." New York The copper' export -eltua-Uoa la atrengthenlng aad although tha doaee-tlo demand la light at present It Is expected to pick up rapidly in tha aarty part at tha year. - - - COAL -AND COKK Plttabarg With ooatracU expiring January 1, mora buyer are expected to eater tha 1 coke market. Tha A. M. Byars company la la tha market tor li. 00 tons monthly aad tha Sharon Steal company ia eeeUnc 11.000 tons monthly. Sisals Selected and Dependable SILK ' Palarann. T JTi. .r rrv thia month bar Car exceeded those ot uecamaer. ism xaaaiactarara have ao advaaoad price oa finished prod acts ia tha aaase ratio that raw aUk ptioas bava been advaaced aad buyer ar tnaat festlac Interest in immediate deUvertoa and ia spring- Unpa.. - ' 1 i ' ' " CHE3CICAU " ; ' 1 . New York Efforts - to . dispone el atoeka of ehamlcala la warahouaes hers' before the first af tha year resulted ta soma prtos shadlnar. . elthoesb oaly Small t) nan titles changed heads, bat It ta believed tha tar of the year wlil aa a ehang for tha batter. Seattle II a i 1 . i t r V Wlnfc Motor Repair, and Ceaaral Boctrlcal Work. , v,v MAI NjjE LECTRIC",C tf ' f-kaM East 3822. af- m