Roseburg news-review. (Roseburg, Or.) 1920-1948, June 26, 1920, Image 5

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Roseburg news-review., June 26, 1920, Page 5, Image 5

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Newspaper Page Texti lit. He & WOrtHrKO, ORTOOeT. gATTTWAT. Jt'VK 8A, 20. fade rnn ANNOUNCING THE NEW BREAKFAST dm LUNCH SERVICE INSTALLED BY- Breakfast Served 6:30 to 10:00 A. M. C3SP Special Lunch 12:00 to 2:00 P. M. Light Lunches at All Hours. French Pastry: Wednesdays and Saturdays. Sunday and Monday Menu SOUP CnMun of corn 1.1 RELISHES Olive IS, Sweet Pickle 13, Orange Munnnlude IS ENTREE Creamed Oyster In Pulley HhelU, with hot iiiuITIii. -IS SALADS Wllh Hot Muffin. Tomato 83 Crab 4S Pineapple and Clieeve 40 SANDWICHES Cheese and Nut IS Pimento-Olive Ievllled Kj;g DESSERT loconmit Cream lie 13 Prune With Whipped Cream , 20 Fig and Wuliiut Tapioca 13 Mocha Cake 10 Tea 10, Coffee 10, Chocolate 10, Milk 10 Orders Taken for Home-Made Pastry nT H02D KE QRHdn and Sherbet Served. V Special Orders Solicited for BRICK ICE CREAM AND SHERBET The Cleanest and Most Up-to-date Lunch Kitchen in the City of Roseburg. "'- ..... I !' Inninm nnnnnilin llatcd instances, but a. part of a inunllm of 1920 the tola! was 272.-; ihe grain crops. However, a large' A new Chi man Imuld shaving iiiiiii-t-V i nil iiii linn - . i w v- n w . .a. m-.s ii mill .i ii ii in i i in firm Mil jC I The Keynote of jAmerican Business Progress is the keynote of American business. The ROSEBURG NATIONAL Bank is the bank of safety and pro gress. It supplies a service that is useful and appreciated. Your account is invited. The Roseburg National Bank Roseburg, Ore. x 4TH OF JULY FIREWORKS PISTOLS, CAPS, FLAGS, NOVELTIES. Complete line now on sale at CARR'S Variety Store H i New Location. 231 N. Jackson St. OVER ENURE U. S. New York Bankers Say Things Are on the Downward Trend Generally. SEEKING LOWER LEVEL People Ilefuse to Py High 1 Vices and Much Goods Remain In SIiom Credit Ha. Tightened and Money Is Hard to Get, The Ouija Board IS A WITCH. I klp!.!s ,0rt or witch, bo tar as doing anything is concerned, r.- d 11. of wb it may ,,, """' tkr i; . witch that doe. things relieves .oothM K WITCH HAZEL Retail Wltch-Haxcl Lotion 40e lall Witrh-Hazel ftnlTe, bog 23c I V II i im w m DUIIUIIlg B NEW YORK, Juna 26. Recent declines in the prices of a few com modities are not to be regarded as isolated instances, but as part of a gradual and general movement that has been under way fur a consider able time, the National Dank of Commerce In New York says in a dis cussion of current business condi tions. The statement says In part: It has generally been conceded taat prices would ultimately seek a lower level than that maintained during the war and Immediately thereafter. I Such decline has al--.-. rnlln.H Ih. over stimulation of commerce and industry produced y war. Under these circumstances. a downward price movement, gradual and orderly. Is to be wel comed botk as an evidence of the return of more orderly conditions and as a factor In accomplishing lhat return. Such a movement in the prices of basic commodities is virion! flhnrn recent I HOW ...w f. r ) declines In a few commodities, how ever, are likely to cause me oum ness public to lose sight of the fact 1 lhat In a number of olher commodi ties a gradual decline has been un- i dT war for a considerable time. The prices of copper and zinc Vave been- at low levels ever m.- armistice. Hogs declined over 19 per hundred, or about 40 lr cmt from July to December. 1919. Since that date they have recovered slight ly and have continued fairly stead ily near their present level since January. 1920. The price of cat t'e declined from October. 1919. o J,v 1920. The prices of be.t ps-k'er hide, and No. 1 city calf inn. hve declined steadily and fs'rlr rerrlsrlv since Thus It will be seen that recent le icilne. ar. not to b Tl.wed a. iso lated instances, but as part of a gradual and general movement, the lime at which each commodity re sponds and the degree to which it is affected being determined by con ditions In the national and Inter national market for that specific commodity. Even at this time II Is well In emphasize once more that the ab normal price level has ben the re sult first, of actual physical short age of goodt. in relation to demand, and second, of expansion in the volume of credit and Ihe various forms of money. It is Ihus clear lhat a decline In prices can only be brought about by a falling off of demand, an inrrenso in the physlcul volume of production, a decrease in Ihe volume of credit and money, or by these and various ether causes working together. The armistice automatically destroyed the sporlal 'ed demand which the war had created, and removed the artificial support which had sustained the buvlng power of Kurope during the conflict. While Ihe stimulated do mestlc demand In the Cnlled State? and elsewhere at first appeared to offset this, this Influence could not nossibly be permanent. In manv lines consumption Is not Immedi ate, so thai the rate of purchase after every abnormal period inevit ably declines to a normal level or be low It. II Is prlnia'llv.thl tendencv which has been reflected In the re fusnl of bnvers to accent additional nrlce Increases, or Indeed, to bnv In undiminished volume at the levels which had prevailed for mon'hs. Tt was nni to he exoerted that me Industrial community! could main tain the huh tension under which 't had worked during the war years .nd It Is verv doubtful as to wtietno he maintenance of this tension vnuld have been desirable.. Tlesplt' nmeroiis ard widespread com 1mt. a. In th nnsa tisfactorv enn iitlen of production In the t'nl'e'' states. Ihe fart remains lhat since !tht recovery from Ihe temnnrarv hesitation following the armistice his country has Increased nrodne 'Inn In certain direction.. DnHn May. Ameon cotton m"N con nmed .1.0n rnnnlne bales o' -nttcn. sn amn'-nl eyed-d for IV orre.nnn'It"" month In 11 tO. 1917 sr.d 191 V but exceeding M eon ..'n.ntlor) 'fm-n '911 'o 191.7. an.! 1919. Total cnnsiimntnn for Ihe first five inol.:h of 1920 Was 2. eQQ44 P.,-r.in hale., or at a rat. of 6.7nn Ann i. ales ner year. Re tern, fnr e-n"t rnn.limi'.'n ere net ..slIaMe Inl"' 'Km Anrll. when fi -100 000 notirH. grease entllvalent were npert H is certain that enn- imnllnn for Vv .nd June will show a heave decline. At the .arm- time, total con.nmp'ton ror i:i was SJJ.llS." pounds grease equivalent, and for th. first four months of 1920 the total was 2i2. 000, duo pounds. Although exact i lata ure not available prior lo the war, annual consumption for inn' ,'lve fiscal years IHlil-1914 uvcraued ibout r10. (ion. Olio pounds in r year. nd consumption in l!U7, the maxi- nntn year for industry Ihus far. wart, .' 68.000. UIIU pounds. 1 1 ( I ii Mi ill. .11 s j oal production for May was a little j ver uK.OOO.Ouu short Inns, and for he first 1.14 working uuyH ol i:i:u t was 221.04:1.0(10 tons, compared .vith 1 SI. 0i'4.()n(l tons for the sami erlod In 1919. and 24o.97:i.Ot) tons in 191S. While It Is Irue Ihal n many Hiich pniilu.-tion for I'.HK nd Ihus far Into 1 ''.Ml has been, raiml creal niids. and in manv ases disaptiolnting. It is neverthe rss true that production lias been ;radually filling lip the gap between Icmand and supply, not only in the Culled Stales but in every rountry n the world except those yet In a .late of internal disorder. In Ihe face of these conditions, discernible lo all far-seeing imsines men. the un-wisdom of further "redit expansion became apparent tome months ao. Kfforts to pre vent such expansion have resulted in considerable strain on credit, and his has been much accentuated by retarded transportation and conve nient lying up of a large volume of! redlt. At the same time, the fact must not be lost slKht of that th" redlt position of the Cnlled Stales s essentially sound, and that there will be credit for enterprises pre pared lo eo-opernto intetlinently In he work of bringing manufa.'iir 'ng, commercial anil financial opera tions to a stable and conservative Snsis, A factor not to he overlooked nt he present time Is Ihe Increasing memployiiient. In some diMrid arge numbers of men are out of vork as a result of disorganized transportation. Thir effect has been specially notewoill.y in the coal eKions and to the er.at centers of Mitomobile ninnilf.i' t m e. Refusal if Ihe public lo ac-ept Increased rlres, or even t.. inat'itatn a vnlinm .f purchase enual lo that of lec.-n. aiont'is t the level of prices then 'rev-illlnc. has reacted sharplv on lome s.ctlons of the textile industn -nd on the gartrent trad. a. Cenid erable uneniplovnient In iliee in lustries has resulted. If Ibis is o' ' rlef duration. It need have no serl us f"".cls. b'Tt prolnt-ged and wide pr'ad unemployment radipl.v de- r--- hevlng power and producer oclnl unrest, so that i fa.--seclnr nollcy will Inrilca'e its ..oldance If this Is at all posi'ble. The agricultural dl'Tlrtr, rnr.tliiue o suffer from l-ibr shortage, hut it is now believed thai reasonably ad. cinate help for Hie harvests will he recused. The agricultural outlook U on the whole quite favorable for 1 lie grain crops. However, a large I art of the wheat crop Is now ill ils most critical stage, and considerable variation from the present eatlinate is not unlikely. 'orn Is hue thru wide ureas, hut II Is nol yet too early lo draw any conclusions as to the (Top. Tho estlniHle of conditio,! of cotton as 112. 1 per cent or imr llla!, the lowest on record, is not of so much eonceru to Ihe south, which is each year less depeudonl on col (jin. us ii is lo the cotton textile in dustry ot the world. ROSEBURG MYRTLE POINT MARSHFIELD AUTO JTACE OPEN ALL SUMiMER Piano Department j lleinline-Moore Conservatory Violin and Physical I Education Department Closed Until September. Levrt Kowburg, -Lily at 7 W A. M. LttnYD. M rtlu I'oiut, U.liv.t y;.!UA. M. Connections at Myrtle Point to and from Marsh field, Co quille, Randon and Powers. Kara $6.48, Including war tax. Reservations at main office, 4 or. Cass St., near depot. Phone 303, or Umpqua and Urand ho tels, Rapp'a .tor.. TAYLOR & CLINTON DELIVERY! a Roseburg Ice Comp'y Our delivery cars ate now running renulnrly. Delivery days for all territory north of Cass, also upper part of Mosher street. In eluding N. Roseburg will be MONDAY. WKDNKSDA Y KltlllAY. All territory south, Including Went Roseburg will be Tl'K.SDAY, TIII IISDAY & SATCIU1AY. We want to ask our customers nol to he deceived, as several al ready have by another little Kurd wllh IC10 puinled on tho aide of It. This represents John Hunter's Ice plant, and is In no manner whatever connected with our b-e plant. I will pay for the painting If John will put his name on his wagon. ROSEI5UIIG ICE COMPANY tly C. B. CANNON. Manager WE SFXL 1L Edison MAZDA LAMPS Douglas County Light and Water Co.