Saturday, July 7, 1923.
THE LA' GRANDE EVENING OBSERVER
PAGE SEVEN 1
m
'Mr
Railroads Should Be
Good Customers Now
J WELLESLTY HILLS, Mass., July
C. Roper W. Babson is optimistic
ever the condition of the railroads,
even though ho is not bullish on
railroad stocks. He insists that the
railronds are making more money
than they have made for years and
that business should Ret the bene
fit of this money before long. Mr.
Salmon's authorized statement is as
follcws:
"Whatever may happen to the
stock market, the fact, nevertheless,
remains that the railroads are mak
t iri money, in fact more money than
)fhey havo made for years. The two
hundred leading roads should report
for the last month, for which we
have available figures, about ?550,
000,000 gross ccinpareil with about
$150,000,000 for the .corresponding
month of last year, thus showing an
increase of over a hundred million.
....;
up by operating expenses, but about,
forty million is left as an increase of
Two thirds of this has been
net. During the nicnth of May.
1923, 4,87:1,427 freight cars were
loaded compared with 3,481,1)83 cars
during May, 1022. The loading fig
ures for June show a greater in-
crease. Truly this is remarkable and
a similiar situation has seldom hap
pened before in the ruilroad world.
This means tlu't over a million
freight cars are being loaded a week.
It therefore shows that when the
present area of business readjust
ment is completed and we are ready
to enter a period of real prosperity,
the railroads are liable to break
down as they will be unabje to cave
for the country's business. One won
ders if the Interstate Commerce
Commission or the politicians of the
country realize this serious condition.
The number c.f freight cars should
be increased as the normal line of
the Babsonchart runs upward. The
car loadings naturally fluctuate with
the hills and valleys of the chart,
but the number of freight cars in
existence should increase as the nor
mal line of the chart increases.
"This improvement in the railroad
situation has developed without any
special reasons. The country has
been enjoying for the past few
months, a small intermediate area
of prosperity. As this was not a real
area of prosperity, one can readily
imagine what will happen when the
real area of prosperity comes Fur
thermore, these earnings have come
about during a period of very bad
weather conditions. Railroad men tell
me that this is the worst spring,
from a ruilroad point of view, that
the railroads have ever experienced.
Even during April, the northern part
of tho country had severe snow
storms, while the southern part suf
fered continually frcm floods. The
. cold weather over the entire country,
during April and May, greatly re
tarded buying. Of course, the rail
roads had an increase in rates, but
this increase took place more than
a year ago. There has been a de
crease in rates and an increase in
. wages since the blanket increase two
years ago. On July first, last year,
the Interstate Commerce ' Commis
sion put into effect a cut of 10 per
cent cn most commodities except
grain, which was cut 1111 per cent
January 1, 1022. In addition to this,
there have been many other reduc
tions of rates. When comparing the
net earnings of the railroads with
four years ago, we must allow for
the increase of rates; but the forty
million dollars a month increase in
net earnings, which the railroads are
: & ,-fti$ ",!sil 'm'1'
6 ftr2t1 la. 4ranl
liSf I PHI
fee
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Reynolds and Zimmerman
Funeral Service Parlor, Licensed Embalmer,
Ambulance Service. Phone Main 62.
1505 Fourth Street, La Grande, Oregon
J. E. REYNOLDS C. E. ZIMMERMAN,
Licensed Embalmer.
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The three most vital units in the economical
and satisfactory operation of motors are the
Piston Rings, Pistons and Piston Pins, all of
which we carry in stock, and with our cylinder
grinding equipment we are able to give you a
very complete piston assembling service.
Leighton's 'Welding &
Machine Works
now making, compared with a year
ago has developed with a decrease
in rates.
"Railroad stocks usually go with
the market irrespective of the earn
ings. When we are in a bull mar
ket, all stocks go up; anil when we
are in a bear market, nil stocks go
down, irrespective of merit, although
the better stocks go dc.wn less than
the poor ones. Therefore, I do not
wish to say anything relative to the
future action of railroad securities
on the stock exchange. I do, how
ever, wish to emphasize that the
railroads aro having about forty mil
lion dollars a month more to spend
for labor, equipment, and supplies
than they had at this time last year.
When one takes into consideration
the increased maintenance charges,
this means that the railroads should
have this year five hundred million
dollars more to spend than they had
?st er- . ,Seven elKhths . f thl
a"0"1' VnVL?eL U?E!r..J.
cannot make the bears see this. They
point only tci politicians and talk
pnnstnntlv that an attempt will be
made to have congress persecute the
railroads next year. Probably such
an attempt will be made, but this is
no reason why our congressmen and
legislators will be so short-sighted as
to pass any detrimental legislation.
"The railroads are not perfect In
the past they made a great many
mistakes which were unexcusable.
Their attitude toward the public was
medieval and wrong. Ihese condit
ions are now greatly changed. Al
though the roads are net yet per
fect, it must be admitted that they
are now trying to do what is right.
SULPHUR SOOTHES
UGLY.ITCHINOSKIN
The Flrtt Application Makes
. Skin Cool and Comfortable
If von are suffering from eczema or
some other torturing, embarassing skin
trouble you may quickly be rid of it by
using Mcntho-Sulphur, declares a noted
skin specialist.
This sulphur preparation, because of
its germ destroying properties, seldom
fails to quickly subdue itching:, even of
fiery eczema. The first application
makes the skin cool, and comfortable.
Rash and blotches are healed right up.
Rowles Mcntho-Sulphur is applied like
any pleasant cold cream and is perfect
ly harmless. You can obtain a small
jar from any good druggist
For Sale
10 acres, practlculiy adjoining the
cily limits with vei'y good four-room
house, chicken house and purk and
barn; about one-half thin tract Is in
oats, fine stand. Tho prico Is only
$1,500.00. Terms: $250 cash, balance,
$'25 per month. Tills Is an exceptional
valuo and will interest anyone who
desires to keep a few cows, chickens
and garden.
I havo a client who lias a practic
ally new -Dodge touring car, run less
than 3,000 miles, looks as well as the
day it left the factory. Owner desires
to buy a residence, and will pay cash
difference If tho property Is priced
rightly, or will assume difference in
price.
Two lols, close lnt paved and sewer
all paid for, just off Kourth street.
The price will Interest those who de
sire to build nnd live close In, near
Methodist church.
I have a modern house, practically
six rooms, two bedrooms, and an In
closed sleeping porch, full basement,
beating plant, wash trays, breakfast
nook, laundry chute,, built-in mirror;
house built last fall, on paved street,
good plumbing and wiring. Immed
iate possession can be given.
Several Binall houses , priced right
- on easy payments.
Geo. H. Gurrey
Real Eslut.
Insuranc.
ower
'If the Interstate Commerce Commis
jsion would only help them in this
endeavor, it would greatly help in
I bringing back a real period of pros
perity. What will happen, I do not
knew; but I tlo know that things are
going nicely with the railroads at
present and all live business men who
are selling the railroads should prof
it from these improved conditions."
The Babsonchart stands today at 1
fier cent above normal, the same as
ast week.
Plymouth Rock Rooster
mii -i.:i. i.i ii:Uolm S. Butner, unknown 1.7
lUUWieiS UltH l'llllllC5lA rmh, unknown
(By Associated Press)
1.1 1 , iu.mil ? nl.
playing all the solicitude commonly
attributed to the maternal side of
the poultry family, a barred Ply
mouth iRock rooster, standing two
feet high, has assumed charge of a
double brood of chicks which were
leserted bv their natural "mother
here a few weeks ago.
"Bud. Ilie Tooster. makes a seem
ingly ideal poultry-yard nurse. When
ever a choice morsel finds its wav
to the poultry larder, whether a fat
worm or a kitchen scrap, "rJud
calls excitedly and "distributes the1 2
treat without taking any himself. !o
On warm, sunny afternoons, "Bud"
is commonly found lazily settled in lo
a dusty corner of tho chicken pen, jo
with one or two chicks perched oiii
his back and wings and the rest of o
the brood settled comfortably about
him. At night he nestles them under
his wings for shelter from the cold
It seems strange Unit (ho book of
etiquette doesn't huve at least one O
chapter cuptioned "How lo be courte
ous though married."
0OOOOOOOOOOOOQOO OOOO 0000000
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PATRONIZE
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a
The Grande Ronde Meat Co.
All the Time
FOR THE BEST MEATS
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Picnic Suggestions
Red, White and Blue Bunting, yd 15c
Large Covered Lunch Baskets $2.98
Fancy Market Baskets 69c, 89c, 98c
Paper. Plates, dozen 8c
Paper Napkins, per 100 :.....15c
Sanitary Paper Drinking Cups, 10 for 15c
Tin Cups, each : 5c
Thermos Bottle $1.25
Paper Lunch Kit $2.25
Paper Lunch Packages 15c
Tin Spoons, dozen 5c
Paper Spoons, dozen 5c
Andrew's Variety Store
Buntings' Bargains
MAXWELL TOURING 1920 model, in A-l condi
tion, new tires all around, license.
MAXWELL TOURING 1919 model, four new
tires, licensed, good mechanical condition.
CHEVROLET TOURING 1919 model, looks and
runs like new, licensed.
NEW FORD FOUR-DOOR SEDAN Extra tire,
shock absorbers, automatic windshield clean
er, sun visor, spotlight, muffler cutout, li
cense. Save $100 on this car.
FORD TOURING 1920 model, equipped with
starter, foot throttle, license. Tires and me
chanical condition exceptionally fine.
CASE BUG Starter, demountable rims, two spare
tires, license.
REO TOURING In good condition.
HARLEY - DAVIDSON
overhauled and
licensed.
C. W. Bunting & Son
1525 Jefferson Avenue '
Statement of the
La Crando National Bank
of
La Grande, County of Union,
State of Oregon, shewing the amount
standing to tho credit of every de-
posdtor July 1, 1923, who has not
made a denosit. or who has not with
drawn anv part at his deposit (com
mercial deposits), principal cr inter
est, for a period of more than seven
(7) years immediately prior to said
date,' with the name, last known
place of residence or postoffice ad
dross of such depositor, and the fact
of his death, if knewn.
John Hurgoyne, unknown. .. .$8.10
1.10
J. H. Curry, unknown 8 71
J. W. Eline, unknown 2.00
K. F. Grccii, unknown 50
Mrs. Edw. Johnson, unknown. .
5.00
1.38
Chas. Miller, unkuewn
5.00
.00
8.00
1.50
Al. Ruhnke, unknown . . ,
Oco. Sccley, unknown
Minnie Shrader, unknown
State of Oregon,
County of Union, ss.
I, F. L. Meyers, being first duly
sworn, depose and say upon oath,
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O T T t m o
Used lires
nought mitt Sold
II i-1 ii K In Your
om J im;
nml Itet'Wvo ('ivtlit in
ExcIiaiiKu for Kvw Onu.
Standard Garage
Cor. Jeffcrsoip uml Cove.
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MOTORCYCLE Just
in excellent condition,
Telephone Main 792
that I am the Cashier of the La
Grande National Bank of Ln Grnndo,
ccunty of Union, Stato of Oregon;
'that he foregoing statement is a full
true, correct and complete statement,
showing the name, last known rest
ilcnce or nostoffice address, fact of
death, if known, and the amount to
the credit of each denositir as re
quired by the provisions ot Sections
lOltiu-lOKj;), inclusive, Oregon Ijiws.
F. L. MKYEKS.
Subscribed and sworn to before me
this 2nd day, of July, A. I). 11123.
II. C Zurbrick,
Notary Public for Oregon.
My commission expires Dec. 'J, 11)24.
What Italy seems to be finding
out is that while an able statesman
may wear a black shirt not every
black shirt contains an able states
man' .
I
Tt4'nd ihn Oltsnrvt'r Want Ads.
,J
'Mm iiriii-. r Hi" l Int; rim is iiinr.
f.o.b. Ia (rninlc.
1,. V, (SMITH
ooooooooooooooooooooooooooooooooooooooooooooooooooooot
You Wouldn't Drink ' i
o 2
jj Stagnant Water L
0 Why breathe dead air? j
g GET A G-E FAN I
-at- . :
1 H. & S. Electric :'' I
107 Depot St. Phone 393-W,
Summer Hotel Bids. g
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OBSERVER ADVERTISING will bring results
Drink
A liquid food drink
A qualify leader
Thoroughly aged
not green - -
rvi tiTinnic,
ANHE.USER-BUSCM
ST. LOUIS
LaGrande Grocery Co.
Distributors
LaGrande, Ore.
I.'
LDNE LIFE-
In buying a motor car, consider
what the cost will be when divided
over a period of years.
What is the car's reputation for
satisfactory service after the first
year? After the second? And
after the third and fourth?
These considerations, in the final
analysis, are the true basis of
economy in motoring.
And it is this attribute of long life
to which Dodge Brothers Motor
Car owes its chief claim upon the
unalterable loyalty of its owners.
I I
Ked
L V
;,;t..'V7:,'-.