4
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 .