American Falls press. [volume], February 20, 1920, Page 2, Image 2

About American Falls press. [volume] (American Falls, Idaho) 1907-1937

Image provided by: Idaho State Historical Society

                
Industrial Review Hopes For Heavy Export
Trade And Immediate Railroad Expansion
(Prepared by Seattle National Bank)
The buying Impulse that character
ized the year 1919 has extended Into
the year 1929 unabated. Under the
pressure of a demand that is unpre
cedented, the products of farm, forge
and forest maintain a prive level even
higher than before. larger volumes
of trade are obstructed only by limit
ed production and Inadequate trans
portation faculties.
If there are to be changes in the fin
ancial, business and economic struc
ture of the Pacific northwest made
during the year Just begun, the signs
are cKIl Indefinite. John D. Lonadale,
president of the National Hank of
Commerce of St. Louis. Mo., writing
In "The Annalist," very aptly says;
"Nothing te certain but uncertainty!
It is too early in the political race to
determine exactly what effect the po
litical situation will have upon the af
fairs of the United States. The pro
blems that must be confronted are,
acme of them, well defined, and those
that have particular hearing upon the
Pacific northwest are these; Falling
foreign credit; radical labor demands;
the need of railroad Improvement and
extension; and the high cost of liv
ing. Until these problems have been
met and solved, uncertainty has the
best of the situation."
The foreign policy of the United
At
In
Stales looms large as a political Issue
of the coming election and the policy
adopted will have a very direct bear
ing upon the business of the territory
of which we write, A policy of hard
pressed export trade Is much to bo
desired If It can be aeconvpllshed with
out further Inflation of currency and
dangerous expansion of credit. More
and greater foreign trade Is one thing
that will serve to neutralize the na
tional excitement of the past year,
because It means work. It means work
that will occupy the time of Idle men,
and utilize thousands of Idle machines.
It means work that will stabilize ex
change rates by furnishing Impover
ished Europe with the things she Is un
able to produce and at the same time
make It possible for her to find a mar
ket for the things she is In a position
to export. Exchange and uncertainty
of foreign trade has already made It
»elf felt in two of the Pacific north
west's greatest Industries, fishing and
lumbering. If the Industries of this
eectlon of the country are to experi
ence normal growth and development,
the expansion and Improvement of the
railroads Is absolutely necessary,
prient the transportation I difficul
ties can hardly be exaggerated. La
bor unrest Is no longer a source of
uneasiness and the cost of living is
no more onerous than Is the case In
other sections of the country; but
these are vital factors to be consid
ered In regaining a normal basis,
('iimminllt) Prices.
Prices of retail commodities have
not receded In the past month.
fact, higher prices than before pre
vail In some lines. The four most ac-jthe
tlve retail lines are groceries, dry
goods, harware and lumber; In the 1
order named. It Is quite the usual
(
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S
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Camels ere mold orrery where in aclentiûo»
mlJy packages of 30 cigarettes ; or
ten packages (300 c.igarette*) in m giasa
ine-paper-covered carton. Wo strongly
recommend thi « carton for the home or
office supply, or when you travel.
E. J- REYNOLDS TOBACCO COMPANY
K. C,
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thing for groceries and drygoods to
lead the retail list, since they are the
necessary things of life, hut the hard
ware and lumber turn-over can only
be explained by the movement In build
ing that Is being felt throughout this
territory. Retail buyers generally
have bought as far ahead into the pres
ent year as possible. Future buying
may be done at lower prices, but sud
den price recessions are for the time
being prevented by the overlapping
contracts In the hands of the manufac
turers. This Is an Important and help
ful thing In the return to normal with
out panic. The orders for goods over
lap In such a way that the tendency
towards lower prices must come grad
ually.
Despite much agitation against the
high prices of staples the consumers
still demand the beat the market af
fords and seem to have the money
with which to buy.
Failures were fewer during the past
year than In former years and the con
fidence of business men all over the
Pacific northwest Is strong.
Wholesale trade and Jobbing busi
ness follows closely the line marked
by retail trade, and Is riding on the
same wave of prosperity.
Farmers and Farming.
So far as the Pacific northwest Is
concerned the outlook for the farmer
is full of cheer. Crop estimates and
predictions are of little value at this
time, but the price of farm products
can hardly be reduced from last year's
level. It Is hardly conceivable that
another summer will be so disadvan
tageous to the stock raiser as the past.
Beef prices were too low for a profit,
according to farmers, but there are
signs of an advance.
The country agent has vindicated
his office, and under his direction and
able instruction, more and more farm
ers in this section are undertaking
scientific methods. Prom an exhaus
tive survey of the farm field, under
taken by the Pacific Northwest Farm
Trio, the growing use of power ma
chinery Is indicated. 146,000 automo
biles are In use In the three states of
Oregon, Washington and Idaho. 6,880
tractors are In use and 3,300 will be
purchased this year. By the same
method used to secure the above In
formation. it Is estimated Uiat 3,600
trucks, 4,000 farm lighting plants, and
8,000 gas engines will be bought by
farmers during
paint to Increased production and low
ered costa, at the same time Increas
ing the return from farm land.
In the frlut and berry growing dis
tricts now canneries are being built
an devery preparation made for a big
ger year than last. Incerased acreage
of fruit and berries, as much as price,
explains the large Increase in ire
turns from this class of product from
1918 to 1919.
Government and state development
of arid and uncultivated land will, in
1920. These facts
the next few years, largely increase
tillable area of the Pacific north
west,
Real Estate Movement
The buying and selling of city prop
erty continues In all localities. In
vestigation shows that most of the pur
chases of dwellings are made by form
er renters who have decided to own
their own homes. Speculation in real
estate Is still held to a minimum. No
unusual advances in prices have been
noted In the past two months. The
housing conditions in the smaller
towns, while troublesome, are not
acute.
Farm land prices are stationary at
a point Just as high as they can pos
sibly go and yet show any return on
Investment. Additional Increase will
without doubt be registered, but the
average percentage Increase will not
be raised.
Building Activity.
Building advJty Is general through
out the Pacific northwest Home
building forms a largo part of now
construction, but public and civic Im
provement Is also widespread. Almost
every county reports large appropria
tions for public buildings and better
roads.
The market of building materials is
being swayed by the building boom
and prices of these commodities will
remain form. Brick, concrete and ce
ment dealers are holding future or
ders much in advance of production.
The lumber orders In the hands of the
dealers lead delivery facilities by a
month at least.
The casual Investigator may be mis
led In estimating the volume of build
ing because of the inflation of prices.
The actual amount of new building Is
not very much In advance of normal.
Far Shortage.
The car situation is no better than
It was a month ago. The first week
In January saw a slight change for
the better, but now the lack of cars Is
felt as keenly as before.
As usual, the lumber industry Is the
worst sufferer. Lumber production Is
materially lessened by the shortage of
shipping facilities, and consumers who
are really In need of forest products
are unable to obtain them.
Prominent railroad men state that
the fault lies not in the mismanage
ment, but In limited facilities and
equipment The number of cars com
ing to Oregon and Washington are but
30 per cent of the number required.
Shipping.
A new situation, which might be ac
ounted for on the grounds of too much
prosperity. Is troubling the American
Merchant Marine; the low rates of
foreign exchange and the general un
certainty of business abroad has caus
ed a material decrease in the amount
of cargo offered for foreign shipment.
For this reason, ship owners and op
erators are having difficulty in find
ing enough freight to fill their holds.
Private operators, who lease ship
ping board ships, are anxious to re
turn the ships to the board, since
shipping profits have become uncer
tala
It was the original Intention of the
board to dispose of the ships under Its
direction, as soon as the mergency had
passed, but the present attitude of
that body seems to favor an Indefin
itc retention of government direction
and control.
Customa business tor the month of
October, the latest complete authentic
figures obtainable, covering the porta
of the Waslngton district report un
der entrances 663 American registered
vessels and 310 foreign. Under clear
ances, 60S American and 298 foreign.
The tonnage represented by the for
eign vessels is almost double that of
the American despite the large differ
ence in numbers. The total customs
business by port collections for the
entire district was $408,200.19.
Principal Imports—
Pounds
13,897,674
7,610,466
4,546,662
2,064,267
Soya bean oil .
Copper.
Tea .
Crude rubber .
Principal Exports—
Automobiles
76
.number
Pounds
3,786,171
Iron bars, rods and bolts....15,760,133
3,561,384
2,813,979
756,285
Tin plates
Raw cotton .
Canned salmon
Condensed milk
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You Well-Dressed
Young Fellows
know good style when you see it.
You appreciate clothes of style and
refinement. That is why we
stylish, new, Spring
believe these
Kuppenhiemer Clothes
are just the kind that will appeal to your tastes and desires. They
were designed especially for you—-all the goodness of quality and looks
that a suit could have are in them.
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These Distinctive New Kuppenheimer Clothes—
embrace many exclusive and original designs—very new all-round belt
models; high waist-effects; very stylish double breasters, showing
many new advanced ideas in lapels, plaits, etc.; a choice variety of
new single-breasters just as stylish and as scrupulously correct *
Many Smart Patterns, Rich Color Tones--
and quality all-wool fabrics—cassimeres, unfinished worsteds serges
cheviots, tweeds and iridescent cloths in stripe effects, diagonals has '
ket weaves, herringbones and overplaids in many elegant shadU n-f
brown, heather mixtures, green, grey and blue.
*
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$45 to $75
=
The Fall Creek Mer. Co.
Steel plates
13,083,762
With the coming of sprig activity aj
shortage of labor is expected to make|
Itself felt. Almost every town In this
territory reports a labor supply suf
flcient to meet present demands, but
nothing like a surplus. Increased In
dustrial activity coupled with spring
farming operations will entirely re
move the cause of idleness on the part
of labor, If it does not produce an ac
tual shortage. Nothing In the way
of an important difference between
employers and employees has occurred
for some months. The unasvory repu
tation attributed to the Pacific north
Labor.
west as a source of radicalism and un
rest seems to have been completely
outgrown.
Lumber.
That the present extraordinary
prices *of forest products are due in
large part to inadequate car supply
is admitted by all lumbermen. The
ordinary grades of'flooring have been
selling f. o. b. mill at anywhere from
fifty-five to seventy-four dollars per
thousand. The price Is not table. The
1 lumber market is a bidding market,
I with buyers making special Induce
ments for shippers to get their stock
rolling. Ceiling has been selling at
from forty to fifty-eight and a half
dollars. Common boards from twenty
five and a half to thirty-four and a
half,
The lumber Industry has been will
ing to accept these prices, not with the
Idea of profiteering, but to finance the
industry, meet payrolls, and retire log
paper.
A
NOTICE OF SALE OF E8TEAY.
Notice Is hereby given that I will
sell at sheriff's sale to the highest
bidder March fourth, 1920 at the ranch
of W. M. Main, 15 miles north of Amer
ican Falls, the following described an
imals:
One sorrel gelding, blazed face, four
white feet, about 15 years old, weight
about 1300 pounds, branded on left
thigh with "H2."
One sorrel gelding, blazed face,
about 12 years old, weight about 1300
pounds, no vlsable brand.
G. H. HANSON,
Sheriff.
2-6-4t
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