THE 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