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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Jan. 25, 1925)
I St a a E M i y P r 5 ' " .i ":'-" The Business Map of the United ly:.- States Shows Vjejryf Generally Fair Review of the 1924 Business Shows It Might Have Been Better, and ifas to 1925; 'TThree to Six Months Is Apparently Secure," and as to ;. the Time After That, "Enough Has Developed to Show That the Out : J look Is Favorable; Prospect Has Seldom Been Better" : "(Tbe following is a ipart of the .- press-? service :ef -Ihe Chamber., of 'Commerce of he United States! ) - f.W A S HNfl t O tf, Jan. 24 J 'While the nnprecedented' feeling v iof optimilam Which ;wa so notice . able-la business circles toward the close of 1924 has beensome wbat shaken ' in thei last few : . weeks, there still seems to be plenty to spare at the present , time, writes Frank Greene in his , monthly reriew of business con d'tions in the current number of The -Nation's Basineas. .'. "3o marked was the optimistic feeling t the close of 1924," Mr. Greene says, "that some observers were, Inclined to express fears j that 'some dissappolntments may possibly occur from anticipations Y .being keyed too high. It is point ed out that there, has I been little evidence as . yet to . indicate that the buying community, now ac customed to immediate need of .cor-litions Lthroughout s Business, official, piecemeal buying, as it was stig matized in 1924, is likely to aban don its stragetic position. "Then, too, the rise In the prices from the low of July 1, to a point well up to; the high point touched in ; March, ' 1923, ' when warnings - against overdoing the prosperity . of that ear; were is sued, is noted as a possible dis turbing element.- The possibility of the farmer .especially the wheat . grower, overdoing a good thing and planting too much is also mentioned. In the steel ' trade, ; which has a full first quarter of '1925 production sold ahead but which knows what is possible in the way of Increasing production, there is a slight trend tqward con servatism in- order that a good market may be preserved. - "Three to six months trade In 1925 is apparently secure, and be yond that careful prophets : may not care to predict. Enough has developed, however, to show that the outlook is favorable, and th very presence of existing conserv- i's Business, vV - r - - - v : i - I f : t . .1 ,- . . - I I s Just A Minute, Father ! You have been spending a . setting much warmth Let us show you i how a concrete tile home will keen $ - your family t warmer in winter and cooler in summer. Incidentally you pay for this kind of a home only once, much easier on the pocketbook. ' "-SI ASK THE FOLKS WHO LIVE IN ONE j Oregon Gravel 5 Go. ' "" 1403 N. Front. Salem !l ;! V p.: ;i ." if ---! atire tendencies is in bnie sense a guarantee -.against oreidoing - A prospect, wbichr has selddrn been better." CZ&r.'.v:. j) ; ' : In looking back over trade con ditions In 1924. Mr. Greeie cites, as outstanding unfavorable influ ences upon business, western bank failures, piecemeal buying and a presidential elect'on. Despite these unfavorable factors, be says, there seemed to be a feeling pt under lying confidence that things wire coming put all right, v 1 1 -"- "If the averaee man we-e asked to what were the three imost im portant happenings of a favorable character to balance thee three supposedly most unfavorable In tluences," Mr. Greene sas, 'ie work of the Dawes reparation commisston, the big rise Jn grain prices, and the triumph lot con servative ideas in politics !at home and abroad would probably) receive most mention. 1 : the United States as repofted in.tne teDruary numoer oi ine publication oi tne:t;namDer oi wmmerce oi me u mica Of these three, the writer would give chief place to the ad vance in grain and at least to the election because the countjry has been known . to have survived a good many ' radical ; ' campaigns whereas 4i the wonderful 1conbIn& tion of short wheat crops among our rivals and customers with lib eral yields here! seemed itojf touch the average man's' imagination, made the favorable result jbf te election safe beyond dispute ad gave the Dawes plan opportunity for commencing: work ini a thor oughly satisfactory way. i f J "If it had not; been' for nature's aid in bringing about the ise n grain, we might have ' seen the flood of western bank j failures checked so speedily nor soi l many supposedly : radical states swiag into line for conservatism, nor perhaps would we have, been able to test so speedily the beneficial effects of the regeneration :pf the exchange markets which made big exports, first of grain I!' an i nekt thrle of cotton possible. '.! The . :,!r lot for, fuel lately, and inot I either, haven't you? I - ' " : ' things together apparently proved 1'Injiotlng a few of the results of the year, it might be observed that with all the good effects vis inie, tne year, as a wnoie, ;was not a satisfactory one in trade or industrial climes. It was, in fact, a . rather unsatisfactory period. when the statistics are weighed up, and ..really seams to have found fair reflection in the rather drab-colored map of the nation's business - that showed throughout most -of the year. "The grain farmer seems o have reaped most of the profits, seven crops accounting for more than the total gain of $750,000. 000 shown in all crops. The small grain farmer -did best, the corn grower found a partial balance for a short crop of poor quality in a higher price, but the hog and the cotton and potato grower took less for vastly larger crops. "The manufacturers did only fairly," a "mid-year of acute indus trial depression cutting production and profits; and reducing employ ment.. Trade as a whole at whole sale and retail was " below 1923. It ; was a jgoo ; year in financial lines, even if money was cheap, because a creeping 'bull stock mar ket blossomed later Into a record breaking boom, new and old bonds sold readily because, of the big quanlty of idle cash, and Europe borrowed ; freely and we seemed glad to lend. Speculation was ac tive in grain from June 1 onward and export rade expanded while Imports contracted. I ."That the banks as a whole were actively employed is proven by - a record-breaking total ; of clearings which exceeded those of 1923 ,by llO per cent and even slightly surpassing those of 1920, a period of much higher commod ity prices.' Building expenditures set up new-high levels, but activ ities were irregularly distributed. The lumber output fell off slight ly and its prices were cut. One of the few industries to report rec ord output and shipments, cement production, "reaped benefits from an active road building campaign as "much as from active construc tion of houses or shops. "Most industries reported less ened outputs as compared to 1922, decreases in the first half of the year not being made up for by later activity: Mineral outputs were, irregular. Copper produc tion, (refinery) gained. . Iron ore fell off its conjunction with the reduced production of pig iron and - ingot steel, bituminous and anthracite coal production de creased and so did petroleum. Automobile output and -cotton consumption fell off." v ',: "There are enough examples of reduced output to show that 1924 was not a year of first importance in production but in practically every case the annual returns showed tar better than they did at midyear when the industrial A HOME ALWAYS CHARMING T : ; f--... 1 HE TTUKWILA i Certain types of homes have the ahlUty to always please. Otoey never siiow (heir age, in other words. In this class must be placed this de- lightful brick home, the Tukwila. ' ;:.-V---".'. 'S 4 s . ... .i , ., i 1 J -W? :M " The entire 'desigh bas been very and theru around the couniry, a mitiulfy worked out and will meet playing niauy excellent and fU-rir-tiie must exacting family requirer able' features. It Lis designed so aieuis. Additionally pleasant is the that practically no upkeep is Oecea cud thut ths particular home caa sary. Its lusiUe arrangeuMsuu wu be built economically. . ! delight any prospecUvw uoiu owner. Most people nowl realize that the he first floor contain an un only couiuion sense! way of bulLaing1 usually spacious living room which i to build not only tor today but .wlJL1 be a boon for entertaining, liio for tli years to come. The buying solarium and dining rooui am also public is demaoding that tueir Well-sized and arranged, wnile m Uuiiies and buildings be cot eoly kitchen is designed most carefully pieasina in appearance, out really "with consideration for every' con periiument and sound structurally, venlence possible. On tbe s-oud Nor is ttte average jman o Ignorant floor the four bedrooms are well shout details of correct' building as balanced with plenty ; d clfeet those In the building industry some- room and space for linen. -. Tba CommuB Brick Maiofnetorcn AMoeiatlan. Cleveland. Ohio,' a drank cuit4plct drawings forth dntxn. Laaftet oa brick construction arat mpoat Ntaml BUSINESS FAITH State Savings and-Loan As sociation Is Doing yVeil; . . ? Making :! Loans : r The faith of the 'business men of Salem in the 'future of the State Savings and Loan Assbcia tlon, of this c it j', ( has been heart ily . expressed by jtheir. quick re sponse to the call. for membership made by the company. ' During the course of the last few months, nearly 100 new members have been taken into the association, and of these the largest per cent are business men; of Salem and the vicinity. The subscribed stock of these new members totals ap proximately $125,000. Loans Being Made' ' The association has, during the last week, completed the first of its loans.-and is- now, according to advice given by If r. Charles Wip er, the general manager, ready to consider all good loans on improv ed residential property. , Loans are made only to members of the association, but as soon as an" ap plication for stock; in the company has been accepted, and the cute of stock delivered, a person is considered as a member of the as sociation. Yi , ; Nine Agents Workinjj v At the present time the associa tion has nine .agents working in Linn, Marlon and Polk counties. E. V, McMecha. who was formerly with the Mutual association, of this city, Is now employed as gen eral agent in Marion andPoIk depression' was at its worst and perhaps an eight of the industrial rnrVtn ntM: (if . on ft ' Mai miners and textile- operations, j were Idle." - i MEN SHOW ! S DESIGN Kfti times seem to think. Too often. In the past, people have Owen uadaly Influenced by the mere aoveanuce of their home-to-be, and have not sufficiently inquired as te Its real character In comfort giving, afe and lasting necessary to qualities, it is V net sacrlQce attractive ap pearance to obtain these qualities, in tact the most pleasing and at tractive types of homes are ier manent homes without heavy main tenance and repair: expense, The ex terior of the house, wnJco is catted open to resist the action ox au the elements and rain, frost, snow, and wind, without being affected by them, must continue to be attractive looking. Fast experience oav proved that the home built of brick is net only well able to - resist age or weather deterioration for all time. rbut grows in beauty as the fours i be Tuluirila Is one of the nutny JtHuerem oricK.nuuiea couna uer counties by the State Savings and Loan association, t; I llapid Expansion Sure The officer's of the association are very well pleased with the progress that has been made thus far, and. predict a. continued and rapid expansion during the year Krueger Reports Good ; " : Business for The Week ; ; ;i . ' ; .The W. H. Krueger Real Estate Company closed, deals during the past , week which transfered the ownership of; several pieces of property at a consideration of $2700. W. H. Krueger became the owner of the LJ A. Braden house of 1465 North Cottage for the consideration of a "lot on Twenty-first and one on Wilson. Four lots on North Cottage went to Roy Wilbanks, who 'plans on building, while a lot on , Maple avenue was sold to Joseph Tom lin, who is to build. : i Ten Building Permits Issued During the Week . Ten building, permits were is sued ' this week by Marten Poul sen, city recorder, representing a total Valuation of $13,800. Of the permits, four -were for alterations and repairs,, amounting, to an even $2000. ; j . With the weekly list, the total certifi-Ualuation of pe a8ued so far this month now reaches $67,250. STATE FAIR BOARD j PLAN'S f 10,000 BUILDINQ The State Pair board of Wash ington is making plans, for a $10, 000 building to be used by club members. It will be used to house those exhibiting at the Fair, and will also have space for the home economics, poultry and crops work. These projects were not repre- seated; Defore on the premium- llat for club members.' -Y-f-- jf 1 r f- f 1 1 jt j-, r-rt-j imn j j i imiumhii nil mm imi n) 1 1 1 m i mm i Tliel Historic! i li It Is at 90 Broadway the Postofuce f JU"W 1 This Historic Monument Is Being! be Preserved , I - Eighty-fjve years ago, a little band of missionaries, : under the leadership! of Rev. Jason Lee, chose a spot on ihV'mill stream which runs through North Salem for the erectipnof ta.jgrst mill and saw mill. In "order-that the men engage in the work; pt; Con j structins the knlll might fhave a! place to stay, a dwelling! house was erected iat, what is now; 9$0 Broadway .i This was the first house erected in Chemeketa. as the city of Salem was then called, and still standi at the above ad dress, i .Nf, .;, i ..:4;jjf .! Center of Early Activities j j Around this house in the earjy days revolved the life of the first settlersj of the Willamette valley. It waa the home of Rev. Jason Lee and is wife until 1844 when the affairs of the Oregon Methodist mission were wound up and its property sold. A man by the name of Jcihn Force purchas ed the house as well as the saW and grist mijl which stood just across the streelt. Dr. Wilson and L. H. Judson soon purchased the 1 I ! house from ;Mr. Force, and in turh sold it to J IcClane. Mr. Me- ciane had ,the the dwelling p land surrounding atted under the name of North Salem. ! A number i of lots were sold in this district;. one of them including the mill. before Mr, SMcClane removed te UanlonJ - S i- 1 - i i ' i Maryland.; r A Tfong Law Salt . . While Mr, McClane was away, John D. Boone ; of Mr. McClane, latter's absence. umped the claim alleging that the from said claim had been ionge r than 1 that per mitted by law. Mr. McClane re turned to Salem 'and immediately began to take I legal action to re gain bis property,, The case was in the courts for a number of years, first lone of the interested parties having control of the SALEM STANDS UP eh Astoria, J29 UwL, Eugene.) $76,925. . $ i T Klamath FallBr-11 9,316. : V La Grande, 4l8,7S0, 1 1 ; " Portland,! $l,890,i9oH f'VV Salem, $8f3,25. ! s ''M -V The above: are the building per mit records If of Oregon1 cities for December, ; frotn official figures, according tq the National Monthly Building Survey of S. W. Straus & Co., New York. They make a very good " comparative I showing for Salem. . , ; IV- - ir ' '- i- Now That Why WELL FOR DEGE1V1B I You will always find the largest and best assorted stock of lumber, sashes, doors, shingles, builders' hardware, Sherwin-Williams paint and varnish, lime; "cement, plas ter, fence posts,! Upson wall board and tile; plaster board T;in fact everything in j building materials' at the lowest prices I Prompt service. ; Best of materials, in all grades, of any retail yard in the northwest. , . , . Give Gobbs' &--Mitcliell ComoaBv 349 South t f iiiti wMinn t i ii if m rr w i "tr -" n " r "vii r- r i "r in imnri 1 1 1 1 m Jiason Ilee Home, First House in Street and 14 Part of an and the Territorial Treasury -Slowly but Surelv Torn Down house fend then the other. The case wajs not settled until after the death 4f - Mr. Boone, when his bleirs made a satisfactory settle ment With Mr. McClane. Each of the contestants took half of the claim, j Mr. McCjane at the close of the litigation yaa given posses sion ofjthe bouse, r ... j What Slight Have Been t is rumored that had not this trouble over, the j ownership of this property arisen, . the present site! of be business district of Sa lem! might. now b4 in North Salem. Settlersj were afraid of the unset tledj conjd itions in j this d istr let, and purchased land farther south, on whhih the city has since built u; Jts Commercial center. Was Once Postof f ice At one time the old Jason Lee home hbused the city postof fice. a general merchandise store, and the terVltorial treasury depart inen't. ,j; 'fhia store! was the second to be established j in . Salem. Mr. MpClanej,'. according to an article wj-itten iby Mr R. P. Boise, and frpni which the niaterial for most of this article has : been, taken, brought S the merchandise with which he stocked) this store from' California, where . he had been prospecting fn. the gold fields. In 18io Judee Tt. "P. Bofs mir- chased the I house; from Mr. Me dina, and the house remained in the posssionof his heirs 'until the last yeari or so. when . It -was sold. This present; owner. Klsle V. Flet cher,' has! remodeled' the . house considerably, and fis renting It in apartments. ; . i ! i' -" " Many Changes Made It is idokibtfuli whether Rev. Lee would recpgnire his former 'dwel ling, place; were be to return to this worl4 and be set down at 960 Broadway. The porch, which surrounded the house ' on - ! three sides! has been removed. An ad- H-4 1 i As to Other States p Th sam can he said in com parison with othe states. In Ne vada there is only j Reno, with $5, 200. In Idaho, Boise, with $ 10, -591. ' in Utah, only Ogden and Salt Lake City ate 'ahead of Salem. In Washington, only; Seattle. Ta coma, Spokane, Everett and Bell ingham. In California,! however, a large, number of cities. ' 1 ; -.. .. f ' - C - i v ' - Five-Acre Tract Located On McCleayjRoad Is Sold A five acre . tract of land on the McCleay road has: been sold to Mr. and Mrsr August Schermacher by D. ' D. Socolofsky, local real estate dealer. The former owner of the tract was Sarah Dinnagan. . - , ; . ! ? v . i r- -i . -r .- f i , . ;i - - ; Thrift Week Has, Come Not Make This a Thrift Year? Build Your Own Home and Be Happy , r 1 us a trial and see for yourself A. B. KELSEV, ttekzztr' TweIfth,SL, near Thcs. iiy fi e s Salem, Stands Apartment House Was and A tered-It Should ditlon has been made on the front of the house in the shape of an L- ' The 16ng Tialfwajr vrhlch extended-through' the,".center of the house is 'still . as ( Jt was 8 0-odd years ago, but the rooms on either side have been altered' considerably.- The1 room which at one time sheltered the postofHce is now the habitant of a tenant. The present occupants seem to know very little' concerning the history OIL. the house,, and are not much interested jin 'it, either. Slowly but surely this historic monument is being torn down and . altered beyond recognition, but probably some time in the future, when it has lost most of its nature, it will be purchased and set aside as a monument to those early pioneers who saved ) this- country to the American nation. GIVE YOUR HOME THE PROPER CARE- KEEP YOUR PLUMB IN (3- IN REPAIR ! HI asms NELSON BROS. 853 Chemeketa Phone 1904 Lone Star Service Station and Camp Ground .1998 N. Capitol Street John WlUamcon Prop. Also Builder of Homes for sale on easy terms. If you are looking1 for a home call on us. ;!.-; i: . ! '' ... . ,:: T; i : and Gone '"' 1 Hill ! -1 I i
