East Oregonian : E.O. (Pendleton, OR) 1888-current, 1921-08-06
EAST END HAS EDGE
CONTINUED from page -
ADDIes To ne High

That the good varieties OF apple
will command a high figure this sea
son is the belief Of fruit men. TIL
Lamb Fruit Co. has already receives
an offer of $2.75 box for five car
loads of Delicious apples, but they re
fused, believing that when the rea
market Is established some time earl.
| in October, this famous variety of ap
pies will bring better price. Earl!
apples brought from s1.75 to 50 box
depending on the variety.
Another itemsthat Is in favor of thu
fruit maI this year is the lower cost
that he has to pay. His packing
charges are lower than they have beer
for some time, and labor costs are
down some. all of which help him tc
get back on his feet.
The prune crop will be ready fol-
harvesting beginning theIatter part OF
next week or soon after. and it will
be heavy. The prices that will be paid
the grower will range from $45 to $50
q ton, net to the grower, according to
present indications. A great many
tons have already ybeen contracted at
good figures.
= Quality of Ipruncs Good
Milton FTeewater has an advantage
over many producing sections, too,
that means a lot to the industry. Lo-
cal prunes will ship without being
dried, and that very fact is boon thu
enables fruit that is produced here TO
be shipped to Liverpool and Paris and
Copenhagen Just as 1t comes from the
tree. The fact that it is ripe earlier
than in many other districts is another
advantage that assures a good market
when the dried fruit goes begging for
buyers later in the year.
There are four big fruit concerns
here and they are all centers of great
activity now, the Lamb Fruit Co.; the
Milton Fruit Growers Cooperative
Union; the Shields Fruit Co.; and H. s.
Dennisoh and co. The Growers Stor-
age and Supply Co, locally controll-
cd concern, has under construction
now big storage warehouse which
will be completed and ready for ope-
ration by September Is. The struc-
ture is of tile construction and will be
equipped with modern. conveyors and
fixtures which will make it one of the
most up-toAdate plants of its kind in
the West. The cost of the building
will be $685. 900. and II win be used for
cold storage, packing. Loading OF
fruit can be effected from the plat
form. spur switch running to the
doors.
k Banks Are Strong
There are three banks proper here
in the two towns, but they occupy fouI
buildings. The First National Bank
of Milton has a branch in Freewater
which is known as the First National
Bank of Freewater. The resources of
this institution are s$f.126.397.72. ac-
cording to the statement issued June
go. It's capital stock is s5O,OO0 and
the surplus amounts to $4,000. The
officers are, H. L. Frazier, president;
]. f. Davis, vice president: George A
Price, cashier: F.. ]. Davis, T c. Fra
zier and Powell Plant, assistant cash
iers
The Bank of Freewater is the
youngest institution in the two towns
its age being less than one year: 1t has
a capital stock of 100000 and re-,
sources of $192. 2.6S474. The officers
are ]. B. Saylor. president; H. s. Muir
ray, vice. president, and E. S. Rowe
cashier.
The other bank is the Farmers Sc
eurity Bank of Milton. 1t has a capi-
tai stock of $25,0OO, and resources OF
$l91,SS2.42. The officers are J. HI
Coffman, president; F. NJ. Kent, vice
president; w. C. Mckinney, cashier,
and C. r., Samuel Jr, assistant cashier.
Farmers Will Hquidate.
That farmers IN this district will be
able to liquidate their debts to large
extent with the proceeds of this years
crop was / statement concurred in by
officers of all the banks. This liqui-
datior will not be complete, but bank
ers expressed the belief that more
than 60 per cent of the Indebtedness
of their farmer customers can be
paid.'
at the Ba'ik of F'reewater this esti-
mate was exceeded. an officer of the
institution stating that 75 per cent of
the borrowers of the. bank would IL
at date, and that the other 25 per cen
would come very close to a compete
payment. This bank occupies an en-
viable position, however, due to the
fact that it was not in business wher
tho heavy plunging characteristics of
postwar times was practiced Its pa
irons are mainly fruit men, too, and
'hat business is the KIND that brings
a smile to bankers this season.
Healthy Commercial Clubs.
The commercial organizations of
the two towns have good memberships,
and hey are taking an active part in
IL work that is being done by the
FOL tied clubs of the county.
The Milton Commercial Club has a
membership of between S5 and 90. w,
In. Anderson is president and Bruce
Shanele is secretary. They meet every
twl weeks. one of Their most active
inerlbers. c. S. Cheshire, is their rep
r entative onahe board of managers
of the federated clubs and vice-presi-
dent Of the county organization.
The Freewater organization. with
about oae-third the population to
draw from that Milton has is well to
the fIont with membership of 81. Il,
:. Rowe is president and Claude
Iitchett is secretary. Their repre-
sentative in the county federation is r.
e Bean.
Both organizations expect to have