La Grande evening observer. (La Grande, Or.) 1904-1959, June 23, 1923, Image 9

Historic Oregon Newspapers

La Grande evening observer., June 23, 1923, Image 9

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Newspaper Page TextTHE LA GRANDE EVENING OBSERVER 11 MIKES ! PREDICTIONS I ON BUSINESS Readings of Current Baro ? meters Results in Prophe l cies Regarding Fall Con I ditions. V WKIJ.KSLKY HIij.s. Muks.. June !8. Hoyer W. Hubson was qucstion i(l today ua to u i-oncffU' anal.VHis of be buslnuas barometers that doter nmo tin; digroo of our future pros- Krlty. "HuhUm'sh ami thu atock market uivo Im'i-11 suftVring from psychologi st! tlciu-t'.sions timing the past six vti ks," sasy Mr. llubson. "Many aro )-ux-Ung a n-pi'tition of tho declino f lltd in Kvncral activity, whllo 0U1 rs uro eel-lain that security values ire going to pieces, it is not at all lurd to gather such Impressions If ou listen to current comment and Market gossip. If we turn to tho ac ;ual facts of the situation, liowcvc, we find things are not as bad as re ported, hot us examine the leading mroiueters of business. "1. 1'ltICKS: Commodity prices Iliinbing rapidly reached a point al most 2uo per cent above pre-wat' evels before the broke in Hi;'.'). Their present position is only 78 per rent ibove normal and this level has been reached by a moderato, orderly ris s. Farm products ure but 79 per cnt ibove Hie ill year average luoO-l'JtU compared with the Inflation of 2.iu per cent made in ItC'O. There is nothing dangerous in the commodity situation. There is certainly no ground for fear or another declino such as we suffered during- tho year beginning 192U. ! "2. l I i Ar It KS: Contrary to popu lar belief a mtnimuiu of failures is a bad sign, while u largo number of failures show that business is clean lug house and points to better times ahead. ,1 Hiring, 19 19 and early in 1920 tho percentage of business tail urea ran ut the lowest level reached since they h ive been recorded. Both num ber and the liabilities of failures ut present arc running heavy. This, to gether with the liquidation of the past two years is pretty good evidence that fundamental business conditions are growing more sound. j "3. CKKD1T CONDITION: At the Peak of the recent bom the National J.;anks had over $ 12, 4 1 5,000,01)0 out on loan. Today they are loaning a i.ttle mure than $1 l,5(tn,ouo,00o. In 3920 they were borrowing heavily from the Federal Keservo Banks anil Vere straining all reserves to tho lim it. Whereas their discounts were $2, 27,000,000 in 1920, they are today borrowing but ? 7;io,ooo,uoo. .Money is plentiful, lleserves are strong. Jl'hero is no danger that banks will be forced to cut down loans and slow lip business in order to protect their Reserves. "4. J.Ml'OKT.S: Though not as great lis in 1920, our imports are gaining ground very rapidly. For tho imme diate outlook this is an unfayorablo factor. From a long swing point of jview theso purchases abroad consti tute a favorable factor. Kvenlually Europe can pay interest and princi pal only in goods. Increasing Imports inl this time tend to relieve tho strain Ion Europe, which is the weakest link in thu business chain today, j ;"5, EXi'OKT.S: The export situa tibn, though bellur than 1913 or 1915, not particularly favorable. Al though better than last year X should classify the export situation as one of I he few unfavorable conditions. , "(L MON ICY HATKS: A business nia n can now finance his needs at 5 per cent compared with as high as Eper cent which ruled during a part f 192(1. H looks as though plenty of loaey can be available on this basis for sonic lime to come, f -7. TKANSl'OliTATloN: The situ ation is mure favorable tlinn it has lieen for several years. In 1920 there jwas a car shortage which mounted to i l eak in October. Demands at that ynv.v called or 147, mut more cars than hvere available. Today we are break ing all records in the number of car loadings. The shortage of last f.UI has been practically eliminate, micro should be no Immediate serious a-nnu.-siitm of I'rt-hHit "S. W.UJK.S: Wages have sho-vn oii)t advance, imrticularly in the uildiug trades. Tliis is due largely to f in m ig rat ton restrictions. Wae-os In general, however, are much below thu 1920 peak. Certainly theru Is lesa inefficiency than there was at that time. Any increases in coat duo to wage udvancea will, of course, handi cap business. "9. STKKL l'UODUCTION: Tito unfilled tonnage In the L'nltei Stated Steel Corporation now stands at 7, oiio.ooo tons compared with ll.OOii, 000 in 1920. The present level is very satisfactory and shows that buyers are -not pyramiding orders but aro following the conservative po.icies. . "lo. GOLD MOVKMENTS: Tho in creased imports probably will neces sitate some movement of gold from, this country, but our present reserves can stand it easily. In fact, the tre mendous gold supply which really does not belong here is a constant temptation, toward inflation. "11. UI'IMHiVG: Tho combined greed of worker and employer tn tho building trades has set the brakes on tho building boom. From the point of view of immediate volume of trade this is an unfavorable factor. From a long swing point of view, however, jit is not at alt discouraging. The industry wa j rapidly becoming in I fluted, and the slowing up. process (merely postpones tho necessary build ing to a time when it wil be more needed. "It does not take a statistician to .total our score. A few of our baro I meters may be considered un favor 'able. The majority ure not unfavor able, (ieneral businesa," concluded Air. BabsonPi "is in a healthy position at about 1 per cent above normal. i The figures clearly indicate good bus- incsM i or i ne. niosi ui 1710. PROMISE NEWS IS'OTES 1'UOMIHK, June 2H. I'crry Car per has moved his faintly, on his j brother's ranch which he Intends to run tliis summer. .Mr. and Mrs. W. W. Carper start led to li Grande unda.y O. S. Trump and B. K. Thompson jraino home rfoin camp Saturday and j returned Sunday. ,v I A. 10. Carper and family 'Airs. Wil jliam lteed and children and Joe Ficshmau visited at Lewis Newby's Sunday. Misses Alice, and Doris Footberg, Theodore Carper and David Garrett I visited at C. K. Ken worthy's homo 'Sunday. Mrs. W. A. Carper and choildren called on Mrs. B. 10. Thompson Sun day evening. Lewis Newby started to Wallowa Sunday evening with a load of lum ber. G. A. Fleshman and wife went to Wallowa Sunday on business. W. V. Bennett and family of Wal lowa came tn Saturday to visit with their parents Air. and Airs. Charles Bennett. Boyd Carper has moved his family to their new place which he bought from G. S. Trump. Charles Bennett came home from camp Saturday and went back Sun day. Lena, Fred and 11a Carper called on Bertha and Johnnie lteed Satur day night. Floyd Trump and Clarence Snuff, or called on Klbert Thompson Sunday Mr. and Airs. J. K. Carper visited with Lewis Newby and family Sun i day. Itoy Horner tdarlcd to Wallowa (Friday with his ear, which has been here for some time. ! Air. and Airs. W. I'. Bennett visited jwith Elmer Bennett and wife tho first of the week. WINN DUNCAN NEW MEDICAL DIRECTOR AIKDICAL RPKIXGfl. June 23. The weather Is still cold and cloudy with showers. The alalia hay wt I be ready to cut as soon us weather! changes. k Leonard Huffman and Cv Turner were in Bakttr Wendesday attending to business mutters. While going to Baker, near the Cy Williams place, they killed a largo rattlesnake. George South returned noma Satur day after a week spent on his ranch ut Huntington, and reports everything fine on the ranch. The annual school election was held Alonday at tho school building at two o'clock. Whm Duncan was elec ted director to take the place of 1. J. Powers. Week-end guests at the J. F. Kou- nedy home were Air. and Mrs. L. A. Chandler, Air. and Airs. Hobert Chan dler of La Grande and Airs. V. Kenn edy of Union. 1 i Air. and Airs. A. Haller left Thurs day on an automobile trip to Calif ornia, to visit Airs. Haller's iftother and sister. Airs, und Aliss Goss. Pre vious to their departure they were given a farewell party at the school building and was attended by about 30- of their friends. An elaborate supper was Heryed. Air. and Mrs. J.. Ord were Baker visitors Thursday. Air. and Airs. 'Claud Turner motor ed lo Bukcr Alonday morning, return ing homo In the evening. Air. and Airs. K Whitten had U3 their dinner guests Sunday, Mr. und .Mrs. Joe ity and children of the Park. Airs. McLow of I'nlon and daught r Allss Violet of Portland aro visit- ing at the home of Mrs. Ella Van order In the Park. Air., and Airs. V. Love of Baker were Sunday night guests at the home of Georgo South. Airs. J. F. Kennedy entertained with a dinner at her home Sunday In honor of her son-in-law, L. A. Chand ler's birthday anniversary. Tho cen- lerplece on the dining table was of wild roses. '' Those present' besides the honored guest were Airs. L. A. lo o Vt ' ltOl'M TRlll a1 from I K I - 1 i Orun'j j i El J tiikoi'wi I ! I (V, M sl.KKllt i ft v - 1 ! 2S " 3 IB.I'V- -J A.I It j ! j jT f j .-JH.VT.1..B-ll:l-t t Chandler, Mr. and Mrs. Hobt-rt Chandler of Lu Grande, Airs. V. Ken. nedy of Union. Mr. and Airs. J. p. Kennedy, Vivian , Llllletae and Jean Kennedy. Just before tlui guests de parted for home lc cream and cake were served. Air. Harris Is at tho "Cottage" re cuperating from the effects of un auto accident. Air. and Airs. Carl Locken of Haines are visiting wllh Airs. Yocken's par ents, Air. and Airs. W.Myers. Washington Musicians lo Convene at Ikllingham (By Associated. Press) ItKl.l.LNGllAM. Wash., June 23. Two hundred musicians from all parts of the Male are expected to attend the annual convention of tho Wash ington State Mnsie . teachers to bo held here June 2tl, 27, und2S. Duo of tho features of tho con veil- . Another excellent and popular en duranco contest is life. tion will be a concert by eight m Ind ians from Vancouver B. C. A ban quet will bo given on the evening fol lowing June 20 and luncheon and tour for visitors tho following day. Carl Page Wood of SeaUie is president of the association. Tho distressing part, however, Is that one half of iho world apparently doesn't care whether tho other half , lives. Alan spends half his llfo cussing the old folks and the other half wor- N rying about the rising generation. ( The Good IF SKIN BREAKS OUT AND ITCHES APPLY SULPHUR j MAXWELL ! J Is praised by all who arc ! familiar with it. oooooooooooooooooooooooooo The Straight Lines of the New Modes Are Gracefullyi Achieved Byi 1 Wearing Front Lace Forscls Novcr ha the sllcs called so o inslati-ntlyl for tthes that are o strulb'lit upd slatder. "La Co.- 2 lnlllo" wotks W6ndors In gently o Dursuatlini Ki'nliR NcHh fn(n O O fashion's Bftttouetto makes your o o gown a smooth-fitting success, o You'll love ihe noij models o( 2 Just the moment you apply Mcntho Sulphur to an itching, burnint; or broken out skin, the itching stops and healing begins, says a noted skin su cialist. This sulphur preparation, nftilc into a pleasaiit cold cream, Riyirs sucli a quick relief, even to lia.fr eczema, that nothing lias ever bj found to take its ulaei Bccau.se of its gernUestroyiner prop. ertics, it quickly jrbducs tlie itchiajr, cools the irtatioiInd heals the eczi-nia right up, ifavurff a clear, smooth skin in place otjfgiy eruptions, rash, pim ples or roughness. You do not have to wait for improve ment It quickly shows. You can get a little jar of Rowlcs Mentlio-Sulphur at any drug store, piitihc us today for deinonlftration ? j out obligationof course i C. ftyt Bunting Power The three most vitaJ units in the econo and satisfactory onerAtion of materS"are the Piston Rings, Pistoii and ISiston I'ins, all of which we carry in stocrirowith our cylinder grinding eqi-;pmentw'are able to give you a 'very complete pistonassembling service. Leighton's -Welding & Machine Works LA GRANDE IRON WORKS MACHINE SHOP AM) FOUNDRY All Kinds of Machinery, Automobiles ond Tractors . , Overhauled and Jtoljinlt. Acetylene Welcllmr cf All Kinds Cylinder Coring and Ol-orslzo 1'lston i Crankshafts, Pistons and PiMon Plus Unround - - Give Us a -ttAii D. FITZGERD Prop. S Telephone Main 792 j f j i' ...................... J fjj . III I CnntMA (in-! PpacjuaI ?l Vi my 1 rflr t fnn I III I j VIVUIIVU UIIU M. X V-OaVU lO Vl i4Hl3lUlVII jl ui i i i - ; I I I ' S ooooooooooooooooooooooooooooooooooooooooooooooooooooo o o ELECTRICAL APPLIANCES F0 f WEATHEPjCOAlFOPvlV H. & S Electric 7Q Ti rt0T fj dm The Wardrobe WOOD W.BEEEY' Dry Cleaning m Specialty 2 2 2 0 O n o Edison flucta Lamps g o g 107 Depot St. Phone 393-W g ' g 2x 2 I !oooooooooooooooooooooooooooooooooooooooooooooooooooo . r i if min ry . . oi hi u la j iiik.it i u . 21 ' W- g o MONUMENT NOW Mots hi lines and buoyancy of youth. Low-topped and of dainty fab- o rlcatlon llBhlly boned but vls- g lblo only In their benefits. O Bo fitted to your Individual 2 model of "ha Canilllo" and en- 0 Joy a youthful flguro and a flex O lblo case that Is dcllirhtful. ' A complete line of the latest o o Hot Weath Is Here Save a doctor Wa1 We D bill by scndii; khing tAis J r i O models always on hand. I Mrs. Robt. Pattison 1 ? Corsctlcrc o 0 Pliono 822-W lies. 1708 Onk g o noooooooooooooooooooooooo (Zen.CarrZs' weinorial.yroy "9- ORDER THAT MONUMENT NOW We have mafle a pro found study of monument building, and 'an order placed in our hnds is sure to receive faithful, inff: gent execution Wc Will Glaly Fiua! Estinfes &1B Blue Mountain Marble Granite Company1 1502 S Ave., Ia f.'randc', Oregon your Family The Modern Laundry MAIN 77 LEMONS ORANGES GRAPE FRUIT From the Heart of the World's Greatest Orange Empire In no other section of the world do oranges, lemon and grape fruit roach tho high point of perfection of those produced In California. Every condition is local for tho production of quality fruit. Continual sunshlna , and clear skies during the growing season develop the very flmst flavor and gen erous sizes. Itemember that wo ship direct from Alrove to Con sumer' thus assuring abso lutely fresh fruit full of health-producing, energizing quulitles. FOUR SPECIALS. Send Us $2.00 and Wc Will Ship You Direct Either One of, These Four Special; I'ltATK oi.' (ii:an-i;iX- Hoidim: -n to twelve do.ejiiri orank-es, ao to size. ONK k.ltATi: OI-' UNIONS Holdlmr. from twekj to fltleen Vbzen of lemons, accord ing ih sieo. CUAr. OP GlIAI'K I'KIWT Iloll- roniTiree to four dozi.n of granu lrult, ftg to sUe. ONK f.'OMIHNATION CIt ATI: -- Iloldim; four dozen oranires, four dozen Iljuoiih, oik; dozen tfra)0 fruit. II. liKlilber ni: fjull, with Its 'mineral salts natural -I I k lit bulk, sup- iilies Ju.'.t thoHD i.'lemenls llld.st nei'iled to regulato tho body alh-r I he long winter dl- t of heavier foods. ,s'ere Truit in some form evi iy day. It's easily and economically obtained under our plan. CO-Ol'KltATIVH inall-s you to servo Ihu very cl.oic st fr uits whenever you want them at truly economical cowt. To Correct Erroneous Re ports Concerning Admission Prices to Pioneer Pageant The undersigneii authorizes the f ollowinc announcement: Toll Gale Fees . AdmSDc; Children 25c Pedestrian Gatcs.-.-iiiimc Charges as above Free Car VavVXi... - Free Camp Grounds No Other Charges Any advertisements announcing charges for camp ground admission are not issued by this Association. ' Old Oregon Trail Association Co-Operative Fruit Exchange 1")7 West Ocean Avenue LONG REACH, CALIFORNIA A Post Card Addressed to Dept. "H" Will Urinjr to You an Interesting Dooklct "Dried Fruits" 1 1 1 1 Drgadway at Stark PORTLAND, Ore. YOiOJ ARE ASSUIIKD A PERSONAL IIUKI'ITAI.ITY AND INDIVIDUAL A1TENTION Ihi-ouL'h the cunibiiicd efforts of a fctaff, who after years of traiuiri";, uiideistand tliu iiueda ot tlLMiavt'l- ing public. MUSIC; DANCING and thu BEST TO KAT j At ARTHUR H. MEYKRS Manager y.-r