Independence enterprise., September 10, 1920, Page PAGE TWO, Image 2

iMnwPwwnKNCE ENTERPRISE
Page Two
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I'VE OOT TO C6T
RIGHT OUT TO THAT
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NOR HOIKU-
HOME
by
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Hurst
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db He-Re ir is - 1U
ffyiYQUg BOOM. f
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Fall Opening and Style Show
Now in Progress at Salem's Greatest
APPAREL STORE
'HE OLD WHITE CORNER was never
so inviting and Autumn styles never so al
luring as they are this season.
We have put forth our best efforts to
make this the most complete-and attractive
showing of Misses' and Women's Coats,Suits,
Waists, Dresses, Millinery and Furs ever
known in Salem, and cordially invite you to
come and examine the new models. Courte
ous, experienced sales ladies will gladly wait
on you, and you wont be obligated.
i iinnTni'1 M
1 1 itt' i4vii0
Old White Corner, SALEM
t
Salem's Greatest Women's Apparel Store
READJUSTMENT
IS IN PROGRESS
The September number of "Cur
rent Commerce,'' by the Seattle Na-
times, has been reached, where the by the artificially low rates of gov
ernment financing, present indica
tions are that high rates may be ex
pected to continue for some time.
The entire financial situation in
volumes at a the United States seems to be ad-
brokerage, of justing itself gradually along safer
rate on commercial paper of some of
the very best names has risen to 8
per cent, and many loans to firms
of - unquestionable standing have
been made in large
cost to them, with
8 to 9 per cent. The reason for lines, and while some hardships are
tonal Bank, is devoted to a compre- i this continued rise lies in the fact i naturally being (experienced in in-
hensive review of conditions in the
Northwest. It says:
that while other prices were soaring, : dividual cases during the process,
money was laggard in attaining the ', it is generally being accomplished
During recent months, interest logical level and was relatively low- with surprisingly little disturbance,
rates have advanced until a nation- er in price than other commodities, The process of credit inflation, with
al condtion, unprecedented in recent influenced in a measure,, no doubt, continually increasing prices for
Dorit ask for
Long Distance
Say
ny telephone ask for Northwestern
Long Distance. Our operator will take
your call and report direct to you. Charges ,
are collected in the regular way.
Northwestern is the convenient long dis
tance service. ' '
WOETMWE
TERM
I 1...
i::... o.wMnnanicu uy vvi-
responding increases in woes, has
for several years been following
what has been called a "vicious
spiral," each succeeding cyele boost
ing the cost of living and reducing
still further the purchasing value of
the dollar.
Now, the peak having apparently
been reached in most lines, this pro.
Icess is being reversed. A whole
Isome restriction of credit has been
(inaugurated; speculation and un
'necessary expansion of industrial
! or business operations is now being
j discouraged. While heavy price de
felines in some commodities have
(already occurred, failures have been
'relatively few and the nation seems
I to be rounding the first curve of
the descent with comparative sare-
ty.
Price Tendencies
Trices in general have shown no
appreciable decline in the past
month, although there has been a
large number of "bargain sales"
covering numerous lines of com.
modities. These have been due
largely to the desire of the mer
chants to reduce their stocks. Man.
ufacturers of shoes, clothing and
similar lines have likewise consid
ered it advisable to reduce produc
tion as dealers have become more
cautious in their buying and many
of the eastern factories have closed
down.
Surveys of various retail and
wholesale lines show that with the
normal demand there will be a
shortage of many commodities.
However, a considerable portion of
the consuming pifblic apparently
has decided that the time for riot
ous spending has passed and is be
ginning to consider price again,
holding off purchasing when possi
ble in expectation of better bargains
on a falling market.
Politics and Business
As is usual immediately preced
ing a general election, the political
uncertainty is reacting to some ex
tent on business, but in general,
business conditions appear to be af
fecting politics more than politics is
affecting business. The growing
cost of all forms of government ad
ministration, with the consequent
increases in taxes required for the
support of the various city, county
and state department is attract
ing the serious consideration of
business men and property holders.
An evidence of this is found in a
growing custom -of writing into
leases a provision that the Jessee
shall pay either all or a certain part
of any tax increase during the
term of the lease. Advocates of
this plan hold this will cause a
greater number of citizens, to many
of whom the mounting figures on
tax statements have held no per
sonal significance, to consider care
fully the necessity and cost of any
new government activities and to
take more interest in civic affairs.
Heal Estate
Real estate is reported to be 1
quite active in many of the smaller j
towns of the racific Northwest arid I
farm property is also moving to I
some extent. Building in the cities '
rlPQ lm,'Orl .l.nt 1 1 1 - '
expectation of cheaper materials,'
but the indications are that these I
vith the exception of lumber, which j
has already reached a lower level I
will experience no marked decline i
this fall. With the camping season
drawmg to a close and schools .soon
to open, there is a brisk seasonal
demand for houses and apartments
dinner ana Transportation
It is impossible to discuss the
lumber situation this month without
linking it up ,with transportation,
because the question of the hour
with all ,the lumbermen is: "Where
does this freight increase leave us'"
They contend that the manufactur
ers have continued to absorb vari
ous higher costs until the point of
saturation has been reached and that
they cannot possibly absorb this
new advance, which will amount to
more than 30 per cent of thn f,:vt
rate on the eastern shipments. On
ne ner nand they recognize that
if th,s is passed on to the 8enine
price without adjustment in Bched!
nles, it will place western lumbe
car shortage prevented filling many
orders. Cancellation are now! W
lnc received. Just now negotiation
are in progress which may result in
tariff adjustments, and until theMO
are determined, shipments will
probubly be light. Meanwhile tht
mills are operating an usual. So mo
have reduced the number of ahifta,
but there have been no nhutnlownn.
Prices have held firm and even
stiffened a little during the past
thirty days. There Is still a large
housing ahortnge, nationally, and
until this is remedied, there must be
a demand fyr lumber. So acute has
this shortage become in New York
that the governor of the state is
considering calling a special session
of the legislature to deal with this
problem.
Transportation men are quite op
timistic nn to the epeedy improve
ments in the traffic situation. The
car congestion is being rapidly un
tangled. Of the cars which the In
terstate Commerce Commisrflon re
cently ordered returned to the orig
inating roads.more than 50 per cent
of those intended for lines entering
the Pacific Northwest have reachetl
them. Confidence ia expressed that
tho financial relief from the new
rates will soon be evidenced In im
proved service.
Fruit
The apple crop of the Pacific
Northwest will be about C5 per cent
of last year.s crop, according to the
best estimates that can be obtained.
Reports from various districts show
a considerable variation, as Hood
River, G5 per cent; Walla Walla, 50
per cent; Wenatchee, 75 per cent;
and Yakima, 75 to 85 per cent. The
quality promises to be exceptionally
good.
The national apple crop is esti
mated to be the largest for several
years. Foreign markets are1 un
certain, both as to demand and be
cause of fluctuations in exchange
rates. Speculators are largely ab
sent from the market this year and
the demand will have a chance to
determine the price. ,
the w "'r
have ,t,.I'"rr..,.ri,putioa
moving the crop fromtft
l " "Km in ion,
Peachea are Very
o pr cV:;s
Canneries have been W
with berries and mk
the cost of sugar will J
prices of canned fruit, j,
jellies to be high thU
Farming
, With hurvests undw w?,
" ,wnrlnK out pmiJ
;",UT- m'z 1 e". Nik
threshinir 1ms bi.en u
the past week, reporti a J
about 20 ner cw i I
average for last year, EvJ
met in Eastern Oregon
rriitiN viru mtiA t..
mem claiming from two to
A . . t .
nmes last year's yieli J!,
eastern Washington reporti
able conditions. In the t
districts, which have exp
another drought, cmp avcrB;
ter than last year, but art t
below normal.
Potatoes are plentiful thi
and price promises to again
their frequent appearanct m
table. Phenominal crops of
beets are also reported fr
Yakima and Toppenish distn
Labor
In the farming and fruit ci
labor is reported to be well l
as to supply and demand.
wages somewhat higher tk
year. There is still an ove:
of unskilled labor in the ci!!
during the past month tin
been less employment in t
and allied trades. Thm
been no general shut-domi ;
ber camps, mills of other W
dustrial plants in the Ni
such as are being expeml
parts of the East, and fallH
labor conditions in this sect:
ly normal.
HAVE
your (Eyes (Examined
AND GLASSES MADE AT
H ARTM AN BROS. CO., SALEM, ORE.
It is the surest, safest and best place to have
this important work done. AH work guar
anteed. We are an old and established
house wuh a reputation to maintain and can
not afford to do anything than the very bes
class of work.
CONSULT US ABOUT YOUR EYES
Jattman Bros. Co.
Jewelers and Opticians
SALEM, OREGON
OH
a great disadvantage in enm.
mg in eastern markets with south
ern pine.
During the three weeks between
the announcement of the new rates
and August 26, when they went in
to effect there was a grand rush
to get shipments under way. The
INDEPENDENCE NATIONAL Ml
INDEPENDENCE, OREGON
CAPITAL, $50,000 SURrLUS, $15,00"
it tT,nf,., Officers and Directors mTxj vice?
H. IIIRSCIIBERG, -President C. A. McLAUGHLUN.
l. U. lVliA, oasnier
H. Hirschherg
D. W. Sears
C. A. McLaughlin
OtisD
W. H. WaM
Salem, Independence & Monmouth
Emw Salem tcaoc monmouift Cw JS
O. E. D.pot MondoulhHoKl ' Al
7:00 A. M.
11:00 A. M.
5:00 P. M.
8:15 P. M.
1:00 P. M.
6:15 P. M.
8:30 A.
1:15 P
6:30 ?
i
i
. V,
Makes Direct connection with Mill City, SUverton A
Stages.- Stage stops any place aln
JJ2Pajjteralem, OregqnSjj;
I