Image provided by: University of Oregon Libraries; Eugene, OR
About La Grande evening observer. (La Grande, Or.) 1904-1959 | View Entire Issue (Dec. 16, 1922)
-rr. M Saturday, December 16, 1922. THE LA GRANDE EVENING OBSERVER PAGE THREE BABSQN SAYS BONDS AREA BARB I iral&tl Ih ucruruU' which ivylt't-ta j fundamentals. The same people who I rc-tuMitinlzcd the 'iiVK-nnlnjr of a beuri market' hint month aro certain thutj thiUKH urc v,ouk up today. Hut the i fundamental Hltuatlon hu remained J the Miiini- us three niotilhs uk". When everybody wishes to noil is the tiim' tint IntoinRtl liuyci'H carefully pk-k Rood bonds off the bargain counter." I I YANKEE EYES (Hv Associated I'ref.i) NEW YORK, Doc. 15. With Uiol Uy Associated PfeH) i . . .n . i v . i i 1 1 ui im tvuv. :iii i itv (i nil i !l.lKs.o,kaltivi,, und.-h,ist-.a.u ox mry r v,, - . - - " " bv ,h(.war,l BRAZIL IS 0 0 0 Statistician Sees A Long Swing Toward L'0 w e r Commodity Prices; Prices Coming Down. vi:i.i.i:si.i:v hills, mks. it 1 There has been much dlHCUHwIon if Into as to wliethor bonds huve Veachi'd the top. ltorer V. Habson e Iricntly thinks not. In dlBcussinKI the Kitiiaiton today, he calls attention to the Ions" Kwinu bond cycle and ap pears to huve m hundred and fifty Oiiiii of llnntU'iiil history on Jils tdde. "Thi! cheapest thins 1 know of to day," hum Mr. V.ab.son, "is the prom-; lne of r0 a year for Die next twen ty ycjirs, secured by a mortage bond.; .lust now this $r0 will buy, perhaf. a suit of clothes. In l'.t'.'u. it would have paitl only for the coal and one armhnle of the vest. W all can re liietnbt r when It would have bought v two suits, us kooiI iis tin- one it Wil. buy now. Kverybody is hoping for I ense old ni'ii'cs lo eome buck. Ann nothing -is inoi-c likely lliiiu that thc will come back some time within tin next twenty years. ".Most of us, judging from our own eM'Wiciue. Ihhtk of liiL'o coiumoflitc prices as the 'hih-for-uH' time. Wh.n we do not realize Is thil prices hav been as high as tine- times hefore, a! intervals of ahoul fitly yea is and t list l bi-tWiM-n peaks, each liiilc. :-! huvi- tiiuclied li-vt-ls 'is low as iu While earlier Htatistu-s Irive not been compiled, tin-re is enough data to sum i Ke.st that this same wtng H-n high prices to low prices ami back ;igiti i. over lone periods, mitfllt be traced fur , back Into history. j "I'rUcs turned at the same old peak , in m'o. It is exactly in accord with! past experience that there should lie u , shoit upward reaction, at this time, ' from the fii-si sharp decline of last ea". Hut, it would be against oi:r econoiiiic history If prices did not hhow a long, slow trend toward a lev el that moi'o marly equalizes the buv fng power of afciicutiuv wltii that el the manuf;ic1uing industiy. The fael that the mass of peope expect lywi-c, prices, of course, fur the other fel. low's woods- helps lo brim; thom a'iout. I'sycholoKy as a price factor may lit! mure potent, under rcrtntn conditions, than the supp'y of gold. "As prices of goods gu down, tho vilue of money sues up. That's only' stying the same thin backwurds. Then everyone who hohls a contract agreeing lo p;y him a stipulated uiiiounlof money every year, .like rem, or the interest on a bond, lias aoine-1 thine 'hat is worth more, year after year. This holds now just as the op. posite was true from liH to lH!U.i Then these suiue lone-term bonds nist. value bcciitiso prices were rlslnc sharply. ; "I have endeavored above," contin- j ned .Mr. Itabson. "lo jdale briefly and) understandably the influences tending j lo cause what we know us the .Major Uond (ch -a fuiiflainental move. mcnt which no lncstor can afford to ignore, j "This t plcal year-end market pro. j vides a wonderful opportunity for In vestors who have' funds and faith In the Culled States. The lesson of the lust f-w weeks mm In Is. thai no up. worked together tn movement has been started for ob t British manufacturer, according to s Branl's naval adnsors, with lit mas buying hav brine business up to a normal level serVance thrcug-hout the country rf(g;r jonn k. Thornycroft, and the the Index of the Habsonchart shows -:!. ennsirvntinn dav in Ihe I Amcricnii tariff is iiidinir American line. This is the hitihesl point Hinc .September, 11)20. It is to Mr. Mabson who expects activity U. 0 wipiuiy anow, nonn i .or wmiiliuns of vision in classroom a., i next four to six weeks. TMnes will iltnu' 1.. thf... ' UtiiU'd States succeeded in KttiiiK no fewer than 3 different classes o4 manufactured goods put on n prcf 'erential tariff basis for imoortation into Brazil, and this hits the British : manufacturer." i Great Britain lost around. Sir John Ithotitfh, by not sending a naval com mission to Brazil at the end of the war. Americar.s, on the other hand, took the opportunity to push for- rul are now firmly established Some years ago there wai a mue among; the women of Btrliti for dyeing the hair queer colors. Pur ple, blue, green, and mauve were favorite shades. Fortunately the craze did not last vry long. JM digestion DtKINCPIitS -fir cor.tnpauvn 1 B.'iicnil avtlvity fxuctly at tlio normal . , ,,,,,..., , .,, rf:ik uxoorteis in that South American re' university professors, enirineors, t.-ipu !'c- ... j , .. .i ..n ..!..:.. i,., !.,,. ,... Sir John has just returned from a n fn.ouniKhiK KIP! aw-oro-ine, . ... .. ' ..:.. ,nnJ1..Jt-: , ll,!! n, V. .lowlnelv vat ion council of America to remi'U.v l0f the latent possibilities of the country. "Brazil is virtually w tlv.li lit .loivn a bit acionllns to the, ''- lariro as r.uropc, anu yet mere are tttatlHiietnn and i lie foumlatloii of Defective vision amonir scho 1 only about 15 or lfi millions of in r, ,n,iMin ,. in:, i roiniitinnt! win ie com-l,n n,i i l in th.. iniliis-1 habitants. Thei-o is an enormous larffo staff of American officers. Dome Require, Much Paint. ne thousand Kallons of pnlut are iiiiretl to paint I ho dome of the Itol at Washington. lileloil tor the next period of prosperity. World's Largest Coin. rroliiihly Hie IniKest coin In the world is the property of Farren Zerlie, internationally famous expert ou rare coins. 11 is a piece of .stumped copper plate, 10 Inches square, and weighs sjx and a half pounds. It litis a value of four daler. The daler was a ctiin of varln value used around the year 17:10. in tries has, surveys in numerous towns I wealth in natural resources, and i ;,;..J ....o..i .......i .nnrmn,..ithin are vast areas in souwiem economic and physical losses, whkh, iBraiil suitable for stoctt-raisinit, nuthoritie declare, can be eliminated- where the climatic conditions are Secretary Davis is in deep sympathy I (rood for Kuropcara, and which Cor with tho movement, particularly i mans were exploiting before the wni. with reirard to children. Then airain, tho extent of Brnul s .mineral wealth is often entirely ovcr "I urn convinced," he said recently, looked ut home. It has probably "that mankind owes no hither duty 'the richest iron deposits in the to society and to God than service I world, besides diamonds and other I to childhood and that whatever we j precious stones, which are by no may ue auie to uo iu uui ine cm-, nieans woraeu out. Thought for th. Day. Men who render counterfeit work will not accept counterfeit money for thnt work. run Bffl niUimnmnrti A ClBHHlfhMt Ad Wtil Do It! aweuin l2t?ns 0f jne future will earn a jrreat Sir John expressed the opinion (reward. h very teacher in the coun- that the manufacturing and cnCi ; iry, uccoj uiuk "J council, is u . nevi nip inuusiries 01 un?nt Lvt Hll Vour i:nui;ciuciit.s Olson's Orchestra A. I-. Olson, Violin Mrn. H. K. Krcnch, l'iano K. McMunus, Trumpet C. .Meyers, Dntins J. O. KuodRruss, Clarinet J, liobiunon, Kuxiiphoue C. 10. Maya, Trumbono C. hiS Minuter I'hoite :i:h-m Blooming Plants for Christmas a The finest assortment of dooming Plants wo have ever had for Christmas will be on display next week. 1,000 Beautiful Cyclamen Plants 75c to $5.00 Each Cut l'luwci-8 will be very scarce. Iluy plant for the table. It will last much lonuer. Britain Works Well Both Places.' ipolojitial crusader for better vision. iaro doomed unless we can pet some It Is said the Swiss yodel was In- ! Teachers everywhere are being Riven sort of protection for our home mar- VI in,', I ,elil lilies linn lor the llllruose of ,i" ui..u.. w.,,K .u.i "'J.,m-i, "f""1! K" ,., ,..,. ,, ,,. ,,,1,,,, ilt the. !hu-csa of the movement, acyoi-tlimr put riRht. fael I bat it woiitil eatl people Into a rhaulauqila lent wasn't discovered un til a few years ai;o. besides removinir some of to its sponsors, will mean a definite , the disabilities we are under us re physical advance in future Kenera-jjrards preferential tariffs. Owinp; to tions of Americans. the American's tariff policy, the I Who is the man who faces this winter without a new Suit or Overcoat Sec Our Spcci'al On Clothing Hill's Dep't Store Our Driveway:- One of the finest features of our new Funeral Chapel is the covered driveway. Large enough to accommo date several automobiles, tho plan of this driveway is more .elttboi ate than any other on the Pacific coast. Families using this chapel are assured absolute priv acy in entering or leaving, together with unusual pro tection frori the inclement weather. W. H. Bohnenkamp Co. Funeral Directors Ambulance Service, Phone Main 59 IS Andrew's Variety The Christmas Store 5 S Not ice; For Your Holiday Needs Our Line is Complete Beef, pork, veal, mutton, fish, poultry, cured meats. Any variety. Any cut. Any Quantity. Fairest treatment Best service. Our shops are located conveniently for the en tire city to be served. The Grande Ronde Meat Co. City Market Hoover Market Fir Street Market 1 if S if 2 m THIS IS TO CERTIFY, Tnat 1 have named The CIIIUST.MAS STOUK as my official headquarters in this town. i SANTA CLAUS. Andrew's Variety Store 3 Oi tfc Si Ssl 4Cb ts- a ,' 's,l'. I' & M M If if if m f ? A if it i Gifts That Carry ChristmasCheer FOR HER Books China Cut Glass Wax Sets Music Rolls(. ' Vases Trays Eveiharp Pencil Pyre's AVare FOR HIM Book Ends Stationery Smoking Seta Books Fountain Pens Flash Lights Portable Typewriters Reading Lamps Bill Foftls , Musical Instruments Newlin Book & Stationery Co. ft m ft ft & ft (h ( ft ft . & i i ft ft i i ft f. v "? ft Broadway ax Stark PORTL, AN D ORE . V'OU AUK ASSl.KKI) A I'KKSONAL HOSPITALITY AND INDIVIDUAL ATTIJNTION through the cojuhinett efforts of a staff, who after years of training, understand the needs nt t'je travel ing public. MUSIC, DA NCI NO ai1 yi 15KST TO KAT . At J "Comfortable as an old slloe', A lioiU'ly cxiircsshtii that exactly tltiscrihru tho Hcusalioii of a woman who had been lilted to u FilONT LACE CORSET "Iai PanilHo" Corm;ts oinhody the latest and mut iniurtant ft 1 lf if M if . 7 ; oriszs i h.4 InipiovcincnU lu fi-ont luco cor.st'lhip. Contpleto iiwsorluK-nt of tho dif ferent models unci ulzcs u I way a on hand. Prlcetl $.50 nnd l'p. Mrs. Robt. Pattison if & 'I lif if ! W sty 1 n l mi A Make 1 ins An Electrical Xmas Kleclrie Iron ?6.00 and up ft Klectric Toaster $8.50 ft Chafing Dish $18.00 . jft Percolator $12.00 and up Vacuum Cleaner $'15.00 and up Ji ft What a ftalaxy of labor saveis time savers L energy savors! ft No wonder she's happy. Housework will now be a pleasure. No more tired, weary hours. Cookinff, cleaning eveiything done electrically and in a jiffy.' Make Your Wife Happy This Christmas by Thought- -ft , ., ful. Gifts of This Nature. ?J She will appreciate them more than anything else. ft Eastern Oregon Light& 1 4 $ Power Company The Test of the Pudding TI.ME was when banking was considered a profession. With us it is a business, calling for the application of thu same methods as any other business. Success is attested by growth, i.nd our satisfied customers tell the story of efficient sei-vice. The test of the pudding is in the eating. You are cordially in vited to make the test today. "Give a liank Honk for 'Christmas Ihe Most Practical Gift." United States National Bank La tlrandc, Oregon MEMBER FEDERAL RESERVE SYSTEM 3 -vj Arthur H. Me YKRS Manager. ft
