La Grande evening observer. (La Grande, Or.) 1904-1959, January 06, 1923, Image 10

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La Grande evening observer., January 06, 1923, Image 10

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Newspaper Page Text, , . . p, r . rr 4 - PAGE THREE . , Saturday, Janitor? 8, 1923 THE LA GRANDE EVENING OBSERVER .! ii DUNN REPORT FOR THE YEAR OF 1922 1 1 li uik Clnii iritfs ... j Knllroail Ktirnlngs Kiirm Crops (value) ' MiIho. Kp., 11 niontliH , , "Met Gold Imp. 11 nionllin rommei-etul Kallnn-H , j Hoiul Bulun (pur vuliu:) .... ; .K'ck Huli'H (Hitmen) v 'i'e Iron Output (toim) v (Infilled HtcvJ TonniiKu ? i.'otton Tomh. 11'iUtH 4 iMin'tt luili'x NuiiikT Kodoml Iti-H. Halloa ... '(Iron KarnliiKH . H' 1 l MontliH ,1 HijfllCHt Jtutltw. The Yi-nr I 022 " After puKtttiiK tliroiiKh u pi'ilod of nnvcre ilunrcHHtun. exUnflhid to nil iranohvri of vhtrprlKt, ditnu-Mtlc liua i Intuit experienced ilrclsf v revival iurinj? Hie yeur Jtml I'tinHm;. lix Yremrn of expansion anil of runlrnr "(lftn In Ilie nutlon'8 romiil i-rce, of In ,'flullon and deflation of (price have )Uen ivltnefwed Hlni-e the j war ended1 til ate. In 1918, but thu dlttvelopmentH 1 of the piiJt year were ; of va morn , iV-h)0Hunie and .tduujtiueilve .ehai-iic tr. ' iJflMplto fniluren itjipreiM'tletttt-l lir n mutter nnd ummually heuvy In amount, the nmiu etonoini trend wuh ulnuvKt Hteadtly forwanf, uud even protracted Hlrlketi In leailltiK Indus ' 'irlen only partially eliuekud protcreHH (With other olwtacleH af ho eneoun te rei, HutiKtanttat rccoviiVy In IhihI- nejet would not have been pontdbta if ?3rfsioim fttr-retn-hlnff r 'iidjintinent had not eliminated man', 'of the weak ; ftpoti and plaeed eoniUf.lottH upon inoro ntaltlo hiHii. (I'he form or dnin- Utl lh u III Jit ion In eoinni'idith'H mid wr ! eutlthu had Htrengtlierit -d the fund ft- mejiful poHttlon, and Uie IdXHdiluK of , I the tmlna on hank lop: reKoureen and credits wuh reflei-led Jhi the Improved ' NtfltiiM of riuaiH'lal ll IMtitlltiollH. .. It 1m doubtful ir thine has Imm h a ', full recognition of tht extent of the revival that oceurred in inanuractur- Injr IndiiHti'leK and In -fit her ehanuelN , IwMt year. The UCHtlon was not In- ; frequently asked uh tjj whether I lie Ifuatlon wan hidter, ,fr whether the ; liroHp'ti! wero favorMt;'le, when there wn plain evhlenee thrit deniatnl was netlve, that prod lift Ion. wax iIhIdk', und (hut -further Kalna w( ro foreshailow ed. Reason wan n t I'tekliur, It Is true, for dlHsappotntn lent over results i Irr some quarters, I mt the general Movement wnN unru Jstjikahly in .Hie rlrut'dlreetlon audi previous records j.wcro Btirpfiawed In ' certain Instiinces. I A reasndt'liif? uetlorJ had replaced the j pwclally uood 111 retail holiday dlsti l- ;mtlon, and for muny hIoium wub the ijinost uetlvo period of the whole 12 tuonthH. lleintf a yfTar ot rticovery Jioni the dellutlon of 1U2U-S1, It wuh j eharuetvi'lzeu ly luaiiy Industrhil t:on j fllcf, and hi tno nrertcultural nee- noun ii wan a -uwappuiuuni; year ue cuuhc of the relatively low prices Secured for kiuIiih und other furin products. T tic no was u notable ex ception In the south, where cotton ruled ulte high in, price. IteKln nitiK )) lute January, labor trouble continued w-?ll Into November, and brouuht about a restriction of pro duction of fully Mu,tHH),(Mio yurdii of staple stuudard cottons. It Wait ulso a peilod of unHeltlemcnt In uierchan (Itslnjf such a usually occurs when tariif leKlslatlon Is under diseusslou, I and It was not until a new tariff; law went Into effect that business men bcKan In show the decree of con fidence expected at many times earl ler In the year, Hides and J-atlier. The situation In the hide markets ono bushels, uh compared with the jn Xil2-t rtiHCiiti-iJ few exceptional report kivi-ii out n, year lnevious. a r(,lt ,.(. yther than tlie further re- stiiklnK feature of the final nummary t.ov,,ry tn prices thai beKan In April Is an .Increase of Hit.UiMt.uou l'HHlu'lal,, .xUuu)ed, with minor reactloiiH, In winter wheat over the August ' wjili-li were chiefly due to seasonal turns, while sprint,' wheat tttUiimHH((..nlH,.H ,,,, 0 November, lti22. My j 1923 1921 $p(j4,H7U.OOlt,OOtl ,f ;t2U.770,Ouo,ooo 4.07ti,027,UUU ' 4,7:tK,lSU.(iOU 7,r.72,80,(iOO : ,6.72U.i)12,OttU 3,4!H,ti;i;i,ouo . , .iss.sna.oou ' 2H.64,o(iu 1 o:ix(4:t&,oni 1115, 257, 0U0 (I27,4U1,000 , 4,i:to,iiiio,ouo . 3,4(12,5:18, aoi 1 2(i2,fiHO,OUO 1 73,1 27,1100 2a.7y:i,ooo i4,s4.ooo li,K4O,0U0 . '4,250,(100 ! 5,5(i 1,000 M.Ml'j.iM'U lS5,4ti2 ' l4.r3! i0.4 per cent 73.1 per cent i ' - v were. Incicasi-d only 2.00M'00 bush els over those K-ven In October, mak- InK Vw total crop KfVtl.OOO.OOO busheN. The bis increase In the wheat yield about 4it,(ioo,ooo bushels over laM year's was made on nil acreane 2.4i'l,iio(j less than .Unit of ID '-'I. The Money Market. The money market wa distinctly easy during the Brett ter part of 1 1 22, call loaiiH at no time advanciiiB above (i per cent; and thin rate prevailed only at periods of special financing or banking reiulreinents lor tax pay ment purposes or dividend and In terest disbursements. The supply of funds found an outlet not only In the lomi market but hIho In heavy tak ings of new securities, itml the engor nesM with which the latter wore ul Horbcd en'ou raffed offerliiffH at ffrnd ,unlly declliibu; rates oT intorust. Pur ine the earlier months of the year. the latter period, hide prices had reached the hlh'list level attained since the collapse of the 1'JIO boom. Kaiiy In the paHt year, the domestic j tucker hide market was affected to u considerable decree by th'i Htrlkc in packing plants that had begun In December, 1H2 1, and which contlnu ed for several mouths. ( twins to the poorer iiuallty of take-off of hides, together with the usual deteri oration during the winter, buyers held off until they were able to pur chase at very favorable t '"'" The year 1!22 brought a further general recovery In the leather trade, from ttie collapse that had followed the. l!H!-20 boom. Some of the out standing leiitiires of the year's hUii-J at Ioii were the practical passing of the typically American hemlock tun nage In sole Jen titer, the ellect on upper leather of the continuation of linen of hoe, particularly men's goods, to retail around $5 to $U per nalr experienced considerable diffi culty In meeting thbi call. Ah a re-1 suit of the demand of th buying! public for rcuHotKihly priced footwear the larger eon'irn making thene goods, loeuled In New York City and the central went, reported a record j volume of business. On the othcrj hund. dull periods prevailed in other ce litem -where women' high grade! shoes arc made, audi as'ln Hrouklyn und liochenter, j The KtiH-k Market. ' I The slock m trket moved' Ntegdlly upward during the fii-Ht liulf of 1U22. While the udvance waa halted for li time aooui mm- ur, it wan re sumed Willi incrcaseu vigor - during 'the third uuarter, prices reach in k their apex. In most lnstuneeH, about the middle of October. Kor several weeks following, iho market was un der Helling .pressure, und In" the con Meiietit reaction a very material pro portion of the early rise was lost. Thereafter, until the close of the- year, the tone was Irregular, with some stockn establishing new high records for the yeur. Averages of prices con sidered, the lowest level wan touched on January H. Troni that time, un til .May 2, an advance occurred that amounted, on the average, to about 15 points. The decline In the latte; purt of lb' .v!,r "irrled the average of prices down about, 13 polntn from the highest fiui'i's attained around the middle of October, und reduced the gain over the January average to H points. , r Commercial Failures . I'rcllmlnary; tttutlnttcn 'comidh d by. It. O. Dun &. TwrlndlCHte 23.5U5 coin Hierchil fulluren In the I'nited Htalei during the year 1U22,' with llabilllles of Hi j,:57,yj7. In point of niimbep the returna make an adverse rxhlhltj in comparison with the- ts,52 de-i faUltn reported In 1U21. but tho in-i debtedncMs In that ytar wan (i27,4l, 883. During l'J20. only 8.K81 Innolv cncieit occurred, Involving $295,121, KOfi.of 'liabilities, und in 1 1 the rec ord wu remarkably fuvorable, with bdt ti,451 fulluren for $1 13.2yl.237. Kleevn thousand dollars, was paid into the Kliiniath Falls city treasury lust week to redeem oronertv taken over by -the city for non-payment of city liens. LosKinjr operations on the Minam, river in Wallowa county are beintf carried on actively this winter. I company plans to cut about , -uuu,-, 000 feet of loga befon' snring opf",a" i'AiMTtt" si :.mi-v i ;i -;klv l.KIIONON, Ore. The lcbanon riteriot, edited und published by Robert l- noelticher, which hun been Issued, an a weekly news)apcr for nearly 25 yearn, appeared thlfl week uh a s.eml-wcekly and will hereafter appear twice each week. there wan a steady flow of fuiais t tou-culstyles In women's shoes; the from thu Interior and much of the j n,, nidation or riW leather supplies; relaxation In rates wan due to tho of-!,,lc p,nnounced )reference of sole ferlngs by the out of town Instllu-1 , ...ii.p,. buyers for heavyweight stock (Ions desiring- to make profitable iihu i wl h tho consequent neglect of middl of their Idle money. in tno i"!ittiid light weights; and the excessive summer, the usual ouiwaru drain ioi ; Huinu ml for patent leather, an com harvesting purposes caused a scarcity j ,mm, wllh otI(,r kh)lM ()f iilgh-gratle i calling oi miock llIIPL,.. H(H.k. . exchange loans. A feature of the Tnr .-,M,tHriir Trade ir was the facllily wllh which the 0I th tt.hle. buslnesH In footwea:-! treasury otferingw of securltleH Were;n ,)list vt.ur WlM ln.,er han tl absorbed, although the latter were at . . ,. ..i.i.,.,. i y 1 or 1H20. but thei lower rates and In largo volume. The aslcr tone of the market wan also reflected In reductions on various on- unions In federal reserve bank rates In cities where some tension previ ously had been shown. International l-'.wliaugc, I'll ere were a number of distinc tive features to the foreign exchange .apociilatlvft excesMf s developed during (lib war period und that operations, situation . last year, the most Import tnntend of hehV over-extended in ant of which wuh the sharp recover) niffHt cases, worn confined within the In sterling. The advance refltctel 'limit of prudeice and safety. ' Theitbu Improvement , In Orcat Uriluln n covery toward more normal fad ing wan gradual. Kutlowhig the Stylel Khow In Chicago last January, th"j inaikfts continued mainly Mulct, witlrj women's goods selling best In novel-1 ties. Men's styles showed that sta ple were chiefly wanted, Ihe do maud being hirgely for mldille unl lower-priced shoes.- In the fill months, owing t" rising hide market, which Influenced h'ttther prices, man- I ufacturers producing the cheaper fttd lapse of t'0: unwholesome boom1 In ' 1H20 had taot uunalurally made All lute rests :riutloiis,' ami the com fin en practice f last year was one of 'iiolfring coinimtments to well-defined yeiiulrumenln. 1 4'uuimiMlltjr Itrlccrt, "WHM t(l rlu expected,- with tho general enlargement of demand, ad vances In liommodlty prices preilnm .'illilted last year. II is lecalli d thiit was one of the unfavorable develop ments and evidenced the unsound fi nancial conditions In that country. The rutcH on I'aris and Italy moved upward during most of the year, but were, susceptible to sudden fluctua tion. Holland Ktitldeis and Swedish tirfl was an abrupt and extended ; kronen were decidedly strong, partic- riJUetton f ifim the high record leveliuhirly lit. In the year, when Swedihti excuange . aavauceo io aimve jtaruy. V liiMKand Sfecl ) , (; -The. I welv'n initnt Its', itei-tnil liiul 11111. tijarcW' The; decline, continued foHlufc: hwUeen etiaraffi'ilt-ed in suitie uunwersas anaverag ye-ir toivtije Iron and :fsteel;; indi(stiV.)i l-'roiu ;'flle stanupotulV of . production, tlilsu Inlernallonal trade, ami Ihe lessened ; offerings of commercial bills was also!""1 1 11 " " 1. h, Ii.ru) fi.rlor. On Ihe other hunil. O000OO0O0O0000OO0O0OOOOOOO Ihe collapse of the German mtirki Monuments ORDER THAT MONUMENT NOW 'jen7Carr& fflemonal.'frqi Superfine Bread Wa hmv made a profnonO tudy of monumeut building, ' and an order placed in our hands ii aure to receive faith ful, inUllifcent axecuttcn. We Will Gladly r Famish Estimate! Blue Mountain Marble & Granite Company 1592 S Are- La Graada, Or. An Old I ontuJtllshcd' I'fiiiy j In -,!: a, Aind 'that imicn uuitMcmf it -losiiitei (rrom tin iearjustniijnt.f Ith'at'J occurred In all :' chaui;e 1111 j'tnoru man .a-enii' : inioro eVIpvoloplidL biftvlhe Uri'nd inee the ft''fnwijir. of: 192d, when fthe lw point. , yV ., li'llvl'v'1., n,ls , M ammm, sieini' siivdntiw'iihik i jlerimAelVl l'mn:s..iit Jcrbssln ift protiably true; but. certain itbnuriuMiV fAcittr.4 cunUutled La GrandcvrOrcgon i v Suit , : : r jClcaicd and Pressed is Often Mistaken for ' YiVEiVSlJT .. ,i t ' The Wardrobe WOOD W. BERRY Dry Cleaiune m Specialty , bnut M per cent O'oni Ihu extreuif ybnsln reached In . (Ho- ator-war InflHlluu. That pres ent prfc'es are materially above thus.' 'prevail Hi g beforo thu war Is e I r deuced :Jy the latest Index number figure of $ lK!i,42, com pa ting with I l2u,74" Kn August 1, I'JH.' i a eii (. eunUHped iipd' i-eeuxvrv. Evi'wi- , V.- ..-U " r:Af ,.w tAj;,,.,K,j..4i U V?? ouch L f. ref,nt"nt i Jwit-1-alMM'iipitic.l?n he 'thiiM'HViv ...V. t-v Vv'- Irlke.'HiM otlu'r unfayoi'atde lutlu-j ' LAM-tS. "V II. sttrike," ami otlu'r unfayoi'atde i till ) it enceit, ami the revival that Mil In during I lie first (Uai-ter wom mulu tnlned with effort. In November, an output of tipproslinately SO per cent became possible. Advancing prices followed tile iucrense in demand, and tin- hiuli cost of fuel entered as a Coip V, AgrU'llltliral Ite.-iills 1 further factor. With the latter cost -..An Incrjease or nearly f-. i"'". Cue, - j redact d. there recently has been a ,IM0 In til buying power of the farm-1 weakening in mi me steel notations. och of thu' country Is Ihe oiitMand- moi e paitieithirly tu (lie dixuppeiirunee (tig fealuri of a survey of the noil; of premiums. Hegular uuotiiltous on crowt and their niarketN for '.'22. Ttil' finished ib-seriptions )uie bet u cai - InVrenso was largely due to .h- b1,; ried forward Into the new car, j1'1''" 105 Dl'lltlt St iidvapco Ui cotton and corn, but re-1 the situittion is fairly stable. The1 ' l' celved a , material contribution from j railroads last ,wnr wine able to cv-! .flip rise tn. tho price of wheat. Tln'ipiiml their pun-liases of equipment. "" " ..- 'valuation of farm crops last year w us const 1 net ion projects hae been on - 030000000000000000000000oo IT.STS.SOO.HOti, according to the rinal largv scale. and reniiremt nts for; general consumption are likely ti continue nl n good nt-. Irj (;mnI Market lr kihI.- jnaikets In 5 hi the S. Electric any Wiiiiifr, lU'pairiiijr, Appliances, Supplies and Service ' . rhone 393-W Galvanized Tubs Buckets 5; I .... ir , 0 a: ' -i - :; ' Si Uarb&ee CansJ ' Tin,n"' ! at the Ore. Hdw. & Imp. Co. -returns of the tlep trt menl of iik 1 culture, a gain of Jl.ML'.HiS.miii. or BlM ,per cent. oer tint vatualh. 1 'placed on the crops on Meceinbrr I. t !y I. drain crops aguretrati d n,2 t.'!.- pr imal dl iMuns iii-tnr( t In out: it orTft.iMMi bushels, or lH.Ona.Oiifi hun.h-j i rying period in the fiisteirf't im-uthn rlt-m(re th'in t'he re Iscd retui ns oiinf the ear nd i-co er'l in the luM IflLM, the hitter bebm raised m.Oan.. tt.r Tin- eh.lni; noiolh f:iH ri. 4th Annual Clearance SiLyEat 'Sweaters ' iriee j Middies V V U price All btamped Ooods V . price r Percale A 12..je to'lV yd. Gingham J2' ;-c to 'k vd. School Day Cloth 3& ' -l-ct. Lipj)ed Enamel Kettles 2oc .Andrew's Variety Store Punching the Clock . . ; l!y the very act of sunmnmiiiff electricity to your command you .punch the lime clock and the work is started immediately, when sen-ice desired has been sriven you ajraiii punch the time clock and work is ceased immediatdly and the chaiue for that service stops at the same time The total time worked is reg istered on the dialij of the electric meter which is in stalled at your premises. ' ( lou, as your ou niousehold manager, can check up the actual service givn each month by the simple pro cess of subtracting lli reiuling on the dials at the tinia the meter man checks.vour "time clock," or meter from the reading taken, next month. These readings show 011 your bill each ifhiuth. Eastern Oregon Light & Power Co. 5- 8; ! i . 20 miles to the gallon of gasoline 12,500 mile? to the set of tires A 50flslowcr yearly depreciation I (National Averages) Figure from these results what this Franklin would save you during a year's motoring in gasoline, in tifcs, arid in repairs. . Judge also fnVn these same figures what it would give you in corrtCort, ease of handling, and free dom frorn trouble and worry knowing that "casyn fuel and tires" means "easy on driver and rider" as well. Then arrange for a demonstration, and you will understand hyj light weight, flexibility, and direct air cocuing are the soundest and most practical motor car principles. U : Present Price Reduction, Effective June 1, 1921, Enclosed Cars $200 to $250; Open Cars $150 to $200 Total After-War Reduction of $450 to $750 Franklin Auto Co. JULIUS RGESCH Distributor for l:nion, Wallowa and Baker Counties VI ft 7 ft ft 1 1 11 YA I Ml I ' 1 r,t. 1 - i