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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
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1 HE TTUKWILA
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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
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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. . ,
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IV-
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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
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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.
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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.
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... . ,:: T; i :
and Gone
'"' 1
Hill !
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