St. Johns review. (Saint Johns, Or.) 1904-current, 1921-09-09
Pacific Coast Outlook

The outlook is brighter for all lead
| ing Pacific Coast industries although
the agricultural interests find them
selves in a particularly difficult posi-
ton Just at this time. The grain and
stock growers find their markets SO
demoralized that they are being urged
not to ship to the centers and at the
same time country bankers and mer.
chants are finding II necessary to urge
them to pay up. But the farmers dl.
lemma does not look as bad to others
as II does to him and Il might be a
great deal worse. After all the crops
are large and have been produced. for
the most part, at relatively lower costs.
While they will not bring great profits
20 the growers, they will bring I'm the
cash which will be used TO thaw out
lot of frozen credits and to make
necessary purchases. The agricultural
districts will not spend lavishly this
fall and winter but the large crops will
put a great deal Of money into circu.
lation.
The canning industry on the Coast
has evidently seen It's worst days. The
foreign situation was responsible for
large carry-over Of canned goods but
these are now reported to be pretty
well cleared off the shelves and this
years pack, which was greatly reduced
in volume, Is now moving. Prices on
California canned fruits and vegetables
are around 40 per cent below those OF
last year. - 20
Stocks of lumber in the retail yards
throughout the eastern and middle
western eenters are reported to be
down TO an "irreducible minimum"
The general depression. accompanied
by labor troubles In the building trades,
has held off the demand for lumber
longer than seemed possible, In view
of the accumulated needs, so that when
buying does start Il would seem that Il
must inevitably be heavy for long
time. The immediate prospects are not
overly rosy but the long swing outlook
was never better in the history of the
West Coast industry.
The textile Industries, which we're
the first to be hard hit by price de.
clines, are likewise among the first to
come back. II will be remembered
that the collapse of the silk market
marked the beginning OF the decline
San Francisco bankers now report the
oHeHlnk VI NItullh VI Tue JdpaHtht BIN
trade
In the wool trade lines were opened
for the spring season OF 1922 about the
middle OF August with quite satisfac
tory results Sales made by the big
companies will absorb their available
capacity up TO about December 15.
Prices are about the same as last falls
quotations This Ia encouraging for II
Is evidence that liquidation has about
run It's course In this Industry Con.
sumption OF. wool during June was lar.
ger than any previous month this year,
Prices on raw materials are steady and
mills are now In the market generally.
buying raw material to cover sales re-.
Gently made.
Our local mill reports about S5 per
cent capacity operation with the ex.
pcctation that Il will operate to full
capacity within four weeks. Present
consumption OF wool IN the largest In
the history OF the company on account
OF the class OF merchandise they are
now manufacturing being made entire,
ly from fleece wool, The present rate
OF consumption will amount to over
three and half million pounds year
Peninsula Bank Monthly Ncws.let.
ter for September,