Show I COMMISSION TOLD 1 LUMBER BUSINESS r IS IN BAD SHAPE Giant Combination to Meet Foreign Competition One of S Remedies Suggested ted 1 t Portland Ore OreS Aug 13 Five Fi Five mem members bers of or the tc federal eral trade commission rhet met here hero today and heard business me men mel I and bankers of ot Portland tell what they thought should bo done dono ono to Improve f business conditions 1 M M. H. H Houser Rouser wheat exporter pointed pointe to some seine of the shipping needs At Al the tho first of at the war said M Mr Houser I 1 took the tue bull b by the tue horns horna t chartered shIps shins and took my chance I ij It got b by then because I took tool a chancre chance 1 During the last sl six months thero there hal ha been a n. great scarcity of oC tonnage Rate Rates Rates' 1 have havo gone bone sk sky high especially where tho the cargo Is destined for tor the war Will zone C. C C C. Colt told the commission th the tha lumber business was US In bad shape Th Tb agricultural l industries wore were waxing fat fat he said on th ir vir r prices One of tho the reme reme- j J i suggested was wasa was was' wasa a giant lant combination l. l cf of f the industries un under er the supervision of ot the tho federal commission that would force the man many I Interests to work In harm harmony on and present pre pre- pre pre-j pre f sent an unbroken front to foreign com corn petition J W V D. D wheelwright a timber export- export or said Tho The trouble is overproduction n and o One Is largely larSel to t blame for the thc other Another drawback is that tho ti-ic Canadians can cnn ship timber to the eastern markets moro more cheaply than we cnn can 1 can cite instances where American ships have ha charged U 12 a. a thousand from Portland to eastern eastern east east- ern era ports when Canadians wore shipping shipping ship ship- ping from British Columbia to eastern Canada for 9 a thousand Edward Cookingham a Portland banker and president of ot several timber Umber companies testified that the lumber business was completely at nt sea and faces prostration I believe ho he said ald the lumber men complete themselves must undergo a a. i regeneration Thoy They have ha abused their credits The Thc serial bonding of oC properties properties properties proper proper- ties compels them to produce whether I t there is a 0 market or not This Is economically eco eco- and morally Impossible I p r |