La Grande evening observer. (La Grande, Or.) 1904-1959, April 13, 1922, Image 8

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La Grande evening observer., April 13, 1922, Image 8

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Newspaper Page Text4 VAUFj ETfiTTT f;7p fiirrivK flrrrnrt TisTjiYirw T1mr1nvAiri1 1A 1-22. -81VK UU4Sinb ki Will YOILD- r . pnMnnrMPr ic Spring Oxfords for Easter STRENGTHENING IJLACK SCOTCH (IKAINFJ), SPANISH (IKAINKI) .MA1KM1ANV CALF VJCI KID "Jn the new brogue anil natural last" Westenhaver & Gilbert 1309 Adams Ave. La Grande, Ore. IM.sc in Farm Products CamV Naturally and Kas ilv: Sonic I'Vbruarv Uains J,'ost. A RAKE CHANCE. It's seldom thut such a gifted man n3 Dr. A. M. Meldrum is hoard in La (aando. At the Christian church, Apiil 17, 18 and ID. 4-H-31 EASTEIl ULIES. No home complete without a Lily for Easter. We have 500, nil grown in l.a Grande. Have you seen them? 4-10-lit CHMWIYS KLOKISTS. i NEW VOUK, Apr. 13. General business conditions arc marked by in 'creasing confidence, according to the ; inontnly statement of the National ' City Hank of this city. The statement says: The general feeling in business cir- ties is one of strengthening confi dence that the corner has been tunned and that 1922 will be a better year than 1021. The improvement in lun . damcntal conditions and in general reeling since the first of the year has been very marked; indeed, from the middle of January to the first of i March optimism was perhaps over- pronounced, and a moderate reaction in some lines has naturally resulted. The stock market, which is prompt to reflect and even anticipates chang es in fundamental conditions, has been creeping upward for the last six ; months in u slow but persistent move i ment which suggests faith that better I days arc coming. LONDON "Have you sued yet," is ! Kniiroad traffic, as indicated by the a favorite query among society worn- i leportx of car-loadings since the first en. Among the divorce actions pond-1"' 'be year, have been running ahead inir arc those of Ladv Cathcart. Lady! of '""t 'ar. although January gros Whitnker, Lady Maxwcll-Willshire ! earnings were auout iu por cent be- HIVOKt E IS FASHIONABLE. and Viscountess Uhondda. WICKED KEI'OHTEU. EDINBURGH. A newspaper re porter who refused' to "get religion" at the Inverallochy revival was beat- RACS Wanted at The Observer. en nnd kicked by "converted sinners.' Virtrola 90 is?12S; Terms Knjoy llic music of world-' famous dance orchestras on j your Victrola! Paul White man, for instance! Vi&rolas from 25 up; terms Newlin Book & Stationery Company V MUm ( VKCC' ' L"' VllttllUVj viVJ, mm Vr.'ir-ii'y SHERRY'S TODAY AND TOMORROW Will ers i mm 1 1 A GOLD WIN PICTURE Adapted IVniii the lammis Mane play liy Kdward M. Kidder, in wliieli Sol Sntiili Uussell ilayed the star role of " Nuah Yale." 'llhe picture, which is directed liy t 'laivncc Itader, tells a story both pathetic and liiuu mils, and alTonls Will Ko.ners one of those superb cliariicier parts in which he is so'iuiii'li at lionie. Also Showing a Comedy tow those of the Harne month of 1921. On the other hand the net earnings ol ill9 roads were $."7,41,(05 in January i against $281,950 in January, 1921, .which re'lecta the reduction in operat jing expenses. Increased loadings ar. not reflected in increased revenue; .until several weeks later, because i freight charges are collected upon the delivery oi gooim. I he progreasive gain in loadings is shown by the in crease oi 8 per cent in February and approximately double that in March. I in iMich case over the corresponding months of last year. Although exports in January and February showed heavy declines from t'hc eoriesond,n uthn of las", year, the drop was in prices rather ihan in quantities, and within the last month a decided improvement in the number of inquiries and in actunl business has been reported. The lis:1 of the foreign exchanges has had a noticeably benefrcial effect. Ti tiding in all lines is on a short order basis. Foreign buyers wish to avoid the riks of exchange fluctua tions so fur ns possible, and in the domestic trade there is a prospect that in some lines, particularly clothing and textiles, prices may be lower. There is general agreement, however, that both at home and -abroad stocks have been worked down to the minimun and that there must bo constant buy ing to meet the demands for current consumption. This is one respect in which the situation is decidedly more favorable than it was in the latter part of 1920 and throughout most ot 1921. The steel industry has made marked recovery, the United States Steel Cor poration now operating at about 7( per tent of capacity and the independ ent companies in the aggregate at probably (id per cent. When it is con sideied that productive capacity has incua-ed i:bout 50 pet Cent since be-, fiiie the war, it will be hocii that this is Tar from a state of stagnation Prices stiffened in several linen n' steel products, and Jiulgo GurV answering an inquiry as to tne pnin of the corporation, has stilted that i was disposed to follow the lead of the iiidfprdents in making prices. Thi compulation oi average prices upon fourteen leading iion and M.ccl prod ucts by the Iron Trade lieview show? a composite for the last week in Mure of ?";i.;U compared with $:2.80 las week, :i2.H7 two wieks ago. $;12.& for all February, $;W.-1" for January, and ?27.!t:t for March, 19WI. The icvival of the demand for iron and steel may be due in some degree to misgivings on the part ol the pub li cthat the steel strike may inter'ert with ptoduvtion, but it is indirectly due in part to the extensive equip mint orders that have been given by the railroads, who have ordered mor. cars in the last three months than in all of last year. The implement in dustry, although still far from not ma) is much better than at this time last year, and th:U is the case also witi tne automobile ministry, ami even mnie so with the building industry the figures for the latter are quit remarkable, permits m 1M cities ng gveivaling ?l:;2,909,0oo in February last, again-t $."iO,rt;i,lt77 in February The sugar situation in Cuba has im proved materially since the t'imt ot I the year. ' Facts about Sugar," whicl i is the leading publication represent' ing American sugar interests, in lecent editorial sas: I 'Tho month of January, usually I'ompaiatively dull season in the sugar trade, was matked by the heaviest im porlaticms, meltings and distiihutiot ever refolded for this period of the year. February and the first half o' March have witnessed an acrtleratioi rathvr than a diminution in t hi a move ment. vevy lUmi tmrnt of the in dustiy h K.rtd in thi ftivityi coidrd sle i 9ht trt h,f amounted to o a million o at the rate of over fife million ft y a: and undoubtedly m;ny .nitftjtion. have not et been re portal. Tin movemei?? of raw siippO from ( ubj has p roctded at a lemarkable pafi and with the giQttcn smojlhne-ii. njr Htm nipnirg a nullum and t half h:t?s of sugar a sinPio weel is a task of no small proportions, but it b.O bi9n (cifoimidO'v tin- flee sening tlu' "Uear trade. lxO-"i I'ub .n.l the I 'niled P'aC3 vitW.S 1 hi'.'.!:." If You Are a Man of a Few Words 4H mi Quality -Listen 7 ; rVou'i-c1 suing to buy a Suit a Hat a Shirt for Easter. There are three reasonswhy we two ulndd get together before you lot go Here they are There isn't a store that will gq further to please you. Theire isn't a stock of Easter varieties outside the large cities that will touch ours. There isn't a finer set of people or a higher scale of value3 to be had. i Tli is Ve'll be glad to demonstrate if yen will give us five minutes tomorrow. GENTRY CLOTHES ALL WOOL GUARANTEED SUITS FOR EASTER $19.90, $24.75, $26.50 $32.50, $36.50, $39.75 : ' MARATHON HATS : - PROMINANT SHIRTS ' VAN HEUSEN COLLARS 1 t 7 iV . n JwvvKZB.vim mi. Ml t incorporated tMo 312 DEPARTMENT STORES The Situnliun in Auricullurc. Tho chief fnctur in the vhnnso of sentiment which hs occuitciI since tho first of the year has been the rise In prices 6f farm PriKlucts. It camo so easily and naturally as to demon strate that tHe country had been suf fering from excessive pessimism, and (hat in the natural order of things the economic situation, given reason- ihlo time, would recover its equilib rium. Gram priced in March lost a part of thoir l'ebruaiy gains, but the easons were obvious and there was no serious luss of confidence. The ncakintr ul the drought in the south vest and improvement in the outlook lor the Winter wheat crop was the principal factor in the decline. l'"or icveral months ine country had been rearing that the condition of the Kansas wheat crop was critical and jetting worse every day, and then ante snow and rain, and the Kansas vily Star now says that tho prospect s good fur as large a crop as Kansas 'ver raicyl. , Thei world situation in hc:it Is losely j balanced and any niportanl news in likely to have more han the usual, offecj. . Australia., and rgcnlWi 'are' both exporting 'wheat YeHy. New wheat from India will be ivailiiblc within a month, and the har dest is only three months off in this vmnlry. As the end of the crop year .ipproai'hcs, opinions I about tite' sup- Mies give way to realities. There lave been two positive optnions as to .vhelhef or not this country was sell Jig itself short, but the opinion is now Honcial that there will be cnousrh to jo around. Sir James Wilson, a well-known British nuthority upon whent, is quot d as estimating a surplus in world supplies of 80,000,OrO bushels at tin Mid of the crop year. Corn, Oats and Live Stock. Com and oats always are influ- nt'i'd more or less by whent. and both are down from the top. The stocks n the central markets are well up to toraire capacity, and the speculative iiHrkct is not inclined to take more, rile price of corn will be dominated in he long run by the price of livestock, larticulnrly hears. Ten dollars per luudrcd for hogs means that a large nut of the., corn crop is being market ed at. very profitable prices. Although the exports of all meat products in 1!)21 increased I! Per cent in pounds over those ot 1SW0, hog pioducts fared better than beef. Kx ports of fresh beef, at 10,412,71)0 lbs., were the lightest since 1913. and com pared with 8!),(Mll,cl8 lbs in 120. t anned beef was 0,077, 2-18, against '24,059,711 in 1!'0. Bacon fell from MS, 078,000 to 4115,299,000, but lmm Bnd shoulders increased from ! 85,240, OCO to 2 12,:J80,000 and lard rose from 0.'l"i,488,000 to 892,88:1.000. Agriculture in lCurope. Wo lave received a letter from Pro fessor A,. K. Taylor,, of Lcland Stan ford University, in which he express es the opinion that we have been un duly optimistic ill mukins the state ment that "in cluropc outside of Rus sia agriculture will be back in 1922 almost to normal prouuetivity." This statement was made with particular reference to the grains, but "we arc glad to hae the opportunity of giv ing the opinion of so well-informod an observer as 1'roiessor Taylor, lie says. ' -i "1 surveyed agricultural and tiutti tlonni conditions : in Kurope in , 1920-j 1921 for the American Kelief Admin istration, so f am writing from per sonal experience, fortified by regular governmental reports from each coun try in Kurope. Agriculture cannot be back to the normal of 1922, for n number of reasons. The count of ani mals is gradually being restored but lack of purchasing power preventf i.uiopc from importing a volume of feeding stuffs necessnry to bring the productivity of each animal, in edible average milk cow and the uverage nvcragc milk cow anii the overage slaughtered steer and pig in Kurope yields much less in weighed products than before the war and this will not be restored in 1922. The production of bread grains will be restored in IO')') K...-..L.. ...n t..il.ifA Tl... ..v duet ion of fruits and vegetables will probably be normal, barring crop fail jure, I'otnloes, rice and maise will be I normal, barring crop failure. Hut it jyou take the calories produced in 1921. contrast them with 1920 and 1919 nnd analyze the position, you will find your prediction for 1922 unduly op- her imports. She mills her bread grains differently than before the war. The average extraction of flour before the war was about 72 per cent for wheat and 76 por cent for rye. A gi eat deal of wheat and rye are now millea to 8.i per cent and 90 per cent. This means that much less bread grains nro required to produce n cer tain bread ration. It also means that domesticated animals are deprived ol' toe coi responding amount of null feed. The purchasing power of wheat, which was very high in Lurope last year, is falling even more rapidly than the purchasing power Of wheat in this country is rising. Euiope will reach a relative agricultural equilibrium 1 during 1922; but it will not reach the! normal level at that time. It will bo I of gitat advantage for her to reach a new equilibrium between agricul tural products, evi-n though the level be below that of the pre-war period. This new equilibrium between agricul tural products will b3 accompanied by n new equilibrium in a somewhat subnormal standard of living, es pecially for Central and Eastern Eu rope. Certainly prices aio not goimr back to war figures; but certainly they are not going back to pie-war figures." SI'IX'I u. Tor one week we will offer what the public has been looking forward to. i-'ce our window. THE TOUOEKY. 4-12-lit timistic. "Nearly every one overlooks one ' reason for Europe's abilily to limil 1 Big Unloading Shoe Sale MEN'S DRESS SHOES AT $4.95 and $5.95 Xvw is your chance to buy a real udod pair ol" dress shoes made of all solid leather over the new spring last. Styles are rilit uii-lo-tlie-iuinute. (let t lii-m now at Mie-half price. All sizes and widths. These shoes are all welt soles, The Bootery LA GRANDE'S ONLY EXCLUSIVE SHOE STORE 206 Depot St. ' Phone Main 113 . GROVER SMITH, Manager R ome Beauty Apples Small, sound t rn it ti'ood to cork ni- cat just riijlit Cor the children per apple box full, ?")" lAKl'KU'S, home production, specially prepared HwJtty, 1'i f luulTius. bread, jrridiile cakes, wal'l'lcs. F(ii,Vlv as trood a.-; .Jasper's Jlcalth Xuttucts lr a..V Fresh ( 'rcameiv 1 Fresh Ranch F. Shredded Wheat, Kt'llou-n's ( Vrii F hitler, 12 lbs. s, do.en 2 t',.r hikes pktf J'Jc 10c Wbere Tfci Thriftj Throng H'OOV-ERt.lZED Cj 9 o .