La Grande evening observer., January 02, 1928, Image 2

Pape Two
LA GRANDE EVENING OBSERVER 1
Monday, January 2, 1)2K
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BLANKETS
All sizes
All weights
All wool
Part wool
Sheet blankets
M otl tin to Price '
v v. . lH'iH'iidltblo
HILL'S
Depeudatilu
. VllllX
Q1MIII7
California Wins
From Penn Team;
Marcus Is Star
SAN FRANCISCO, Jan.- 'i (AH
A decisive 2?-l3',vlctory ,wna thn
west's answer to thn second eastern
football challenge, within a wocls,
By thut -score, vCnllfornla'H. Hoar
turned bick " IfnWerHlty ',,o I'enh
sylvanla Quukers in Horknlry tfat-urday.-
I,ast' Monday, iweHt con
quered East,l66, In .thn. unniial
churlty fame at Han KranoUco. On
both . occasions, the etiHtern icrltl
iron cohorts were .fuv'orU'H.
Koine. 30,000 fVi-Hona braved cold
nnd showery weather Saturday to
huo.' California upset thfl'dopo and
run'- rampant through', tho big
ivnnwy'vunia eleven. Thn bluo and
gold team, functioning better than
ut tiny time. during tho regular sea
son, smothered the' famed. aerinl;
and ground nttackH of' th .eastern
eleven steadily, and in a crushing
fourth period offensive., drove over'
two touchdown -to breuk a 19 -lit
tie nnd pllo up a, lead. ,
Marcus (ho lliero
'- "Hrlek' Marcus a red haired,
bespectacled- phantom, , who raced
around th) 'ends ; crossed'. Up thn
strong f'enti lino nnd knifed II for
stunning gains, Wan the centrul fig
ure In. ('tillfornhVti dieting rally.
Coming into tho -game near the
end of the third period Marcim line
feed the. ball ten times for a total
gain of -105 'yards tq-ncoro both
touchdown. ' ' A mlnutn uffer the
hist quarter got tinder .way, and on
lil; flm-oml try, the halfback whoso
(l.-feetlvn Vinton necessitates his
wearing enp?elnlly constructed
glasses reeled off a 6&-yard run to
touchdown, It broke the tie and
put the fleam in a lead that wan
never relinquished. Shortly1 Itfteft
Marcus went over lhC Una again lo
pi vi' hi alum mater an Impressive
total and tin second triumph over
ivnnsytvnnla In three years. On
January 1. 1926. the tlearn tram
pled the. Quakora under a UtO
score. '
I'ennHylvnnhv tnndo Its beat
showing In the second period when
It ripped through the California
line to score two touchdown and'
end the half with a 13-7 lead. Thn
Hears tied (hn count In the third
quurlr. ;
Tho worst thing about love's
:, young dream is hum It is no apt to
$v be dlHpolled by .tho nln,rm clock of
J','r reality.
Golds
When the air pasaagca of the
Throat unrl Nona are Inflamed
from Cold, the Inflammation
will remain until thn Cold la gone.
To work off the Cold and to fortify
the system against Grip and
imiuenza,
lake
Birr
Bromo
Uummoi
It Is easy to get rid of a Cold If
you don i neglect It too long. i.v
a boxof BHOMO QULNINrl 30c.
Thn boi boars
Uilt slguatura
i Proven Merit since 1S89
Arrange for
Demonstration
NEW
FORD
you will be convinced.
POWER SPEED
EASY RIDING
CONTROL
Perkins
Motor Co.
BUSINESS FACES
NEW YEAR WITH
MUCH OPTIMISM
Politics May Have Some
Effect But Conservative
Improvements Seen
liy Stanley V. I'rniiMl
AwKoelutcil 1'rvnn J-Inunclni Kdilor
N KW YOftK. - Jan. 1 (Al')-HuMlm-HH
men and bankers vi'-vv
the outlook for lln'S with conser
vative oitiinlii,
Tlieri' 1h u f i liiiK In many iunr
t' l-H that i-olMWal unci rtnliill' h In
variably arl-slnjc during
ilcntial yi'UiH are llk' ly to have a
n-tardiiuc efftTt itfiou Home lines
of bunlnefM, but it Ih pointed out
that other furl on are decidedly
favorable.
Credit HiipplleH are. am file, lo
Ventorlefl low, t raii.iportalhm hh
teinH efficient, labor plentiful and
relatlonH between capltul and labor
Keneiully plciimint. Mo.Ht coneenm
are able to finance theiitHelvcn
without extensive recourse lo bank
credit. The stupendous floatation
of new H'-ciirfUt H during VM1 has
created a demand for labor und
inaterialji, InereuHinic competition
from IJuiope has been off-set to a
certain extent by hlKher cxchnnKu
rales.
Wall street faces Hie future with
confidence.
Kasy money rales resultiiiK
from a tremendous Increase In In
vestment capital and a moderate
recession In commercial demand
formed the busts for' virtually mi,
unchecked rise in slock prices to ,
new high levels during 1!7. HuM
ness generally, -however, as reflec
ted In freight car loadings, auto
mobile and blecl production and ,
corporation earnings, Tell slightly
helow tho I'.i'M figures.
I-'rom an feonontin standpoint,
one of the most significant de
velopments of 1027 was the return
Of farm prosperity, due to a grad
ual correction of ttie disparity he,.
I ween agricultural and lion-agri-.ctilturnl
prices. The Northwest,
which produced the largest Hprlng
wheat crop since lUIIi. Is reported
to be In the best condition since
the war.
Cro-ps I business
Crops weru off to a bad start In
iai!7. rnreuBonuhlc weather lit
mid-summer amused fears of a
poor wheat harvest, a disastrous
shortage of cotton and the small
est coin crop In f years. Ho warm
was the weather In September and
October, however, that a substan
tial part of the wheal and cotton
crops, which had been given up
as tost, h!os.HOincd Into maturity.
The government cut I mate or tho
coin crop waa raised &oi)1(mi.nou
bushels in November, und the
year's corn oulput, Instead of being
the smallest since moil, surpassed
that 01' l'.'2G.
Hevernl disturbances affected
business. lflsastious floods last
Hprfeifc ivlped out millions or Kki
lars in property in the .Mlslsslppl
and Missouri river valleys. Klmliar
damage, although on a smaller
scab, wiia caused In New Khgland
try mil It red from a miners' strike,
In the Kali. The soft coal Indus
still In effect us (he year clowd,
although mediation oi forts wer
under way. Several Industries, par
ticularly in the automotive field,
were hard hit by the six month
shut-duun of the I'ord plants.
1 Aehsnge
Kurope's economic progress was
reflected in the return of sterling
liiul svrral .Continental cuiTOncliei
to iarlty and the bcRinnlng of ar
rangements lor the stabilisation of
the l-'reiiclt nnd Itullmi currencies,
which itrnlialily will bo eflecteil In
l;ii;x. Ono difficult problem will be
transfer of (lei mun reparation
payuienis. which reach their miul-'
mum under the I awes plan lu-xt
l-'all. This probably involves dras
tic changes in (lermany's financial
policies, as pointed nut In the re
cent warning of Agent (leneral of
lEeparalbiii.i Oil In it, who urgd
OUT OUR WAY
Bu-ofu ofP
f 'Boor ME AU
Trt' "TiME - LOOK',
MA "Too l A"W
-f' VWARSH A PAM
"u LnnU vnho"T
iP A CAM
Z ....
I
M- MOIWER. GET GRA-.
Will These Two
iv' v-y 4
There s u rumor thut John Medinw will glvn Ty cohli, win. played
fuf Connie Mack Iua( yf-ar, a ehunct fo help thn New Voi If Uinutn
out. next year. If io, fhU scene, taken at MeCraw's trulnlng cump
last Aprlng, may be re-enacted again this coming spring Me;raw
lft. greeting Ty Cobb.
restriction of foreign loans to pro
ductive purposes and curtailment'
of unproductive domestic expendi
tures. .
As l27 closed, large exports of
gold went to Kurope,' India mid.
Mouth America. They represented
only a smull pari of the supply In
this country, which roughly was
estimated, during the summer ah
about one-half the ' world's to(nl
stock, , but nevertheless aroused
considerable discussion a to their
eiiVct upon Interest rates.
Kiovk Market
, ' Cnllke the slock market of IfilJ.
which was "upset by. a drastic ror
action In -March, tho rally In prices
, was accompanied only by in ode rate
I'eceKHions In January. June, Oe
lul.p' nrtd I leei'inber, cxltndlng th
diiiutlon of the current "bull"
mnrki-ti to nearly fodr. years. The
average of ' leaillng industrlali
compiled by The Associated Press
moved within a range of AU point)
and the average of itu leading rails
within n range of 30 points, both
closing the year within a few
points of '.he high levels. .
Steel
Prices of steel shares followed
Closely the trend of trade condi
tions, which showed considerable
promise in the Hprlng, became dis
appointingly dull in the Humrnei
und Kali and developed signs, of
Improvement as the year closed,
f. H. Steel common was bid up to
a in w high following the declara
tion of u 4m percent stock dividend;
which preceded by a few months
the death of Klbert II. tiury, for
more than 2fi years head of rib';
corporation and recognized pojs
uiau ol the Industry.
Talk or Hli-el mergers was rffe,
but the abHurpllon of Trumbull by
Hepubllc wus I ho only Important
development. Home disappointment
was caused by failure olj lieth.
lehein Steel; to resume dividends
on common, ail hough YUv4r,t!o.
ba'r'rlb'g1 i uiWiiecte'd' ' busiiichs ' 'de:
prcsslon, Is widely predicted for
I'JiS, Sensational gains were re.
corded by Midland Steel Product
preferred, AJiierlcan Machine and
1'ouintiy und American Ste. 1
Kouudty.
't ItnitrfMuU
Kail mud shares. particularly
those oi' InveNtmeitt merit, enjoyeil
u subRtaniial advance. Failure of
the Interstate Commerce, commis
sion to aptu-ove pending major
con.soiidatlons and dcirilons
against the railroads in the lower
courts on tho disputed "recapture
clause" of the Transportation Act
had a tendency lo chill spemilativo
enthusiasm, la-spite the set-hacks,
t he promoters of the Van Swer
Ingi n and Southwestern railroad
mergers continued efforts to or-
gnnl.e systems which would fueet
with the Commission's approval.
Kustern railroad executives also
held a series of mei-tliigs In an ef
fort to iron out differences over
division of lines along the Atlantic
seaboard. The St. PnnI reorgan
ization was approved by the I'. H.
BE MOLD. MA! BEHOLD
1he umfim(eo master-
Piece . VARIETY iahe:
VOuR CHOC VAJEOdC
WEXA&OK1) OBLONCr "SOuAVie
AMD HALF ROUWO- Tvsj-oT" OFF
WOuH CHOICE . "Vf-ATt
HE Cur BREAD. CHOPS.
( rr
Meet Next Year?
-J1
Supreme Court after a long and
bitter' right by minority bond
holders. -.
f'iiidends were n Miimed on Chi
cago, Itoek-Island nnd Paelfie com
rion. The aimoal dividends on
Ilangor ami Aroostook. 'Chesupeukc
find Ohio and Southern Hallway
were Increased. Id rectors or the
MiMsourl Pacific appointed a com
lultiee lt consider i llmliiation oi
an neepinulnlion or nearly JT.O in
rUvldends on preferred stock. The
New I Iuv .n; railroad paid its debt
, to- the government through the
'proceeds or a preferred, slock i--.sue.
ami early resumption of divid
end on the common is ion1;t d for.
AutomotUe
Shut-down of the l-'ord plttnts,
'pending introduction of new
m dib Is In lecember. generally w:s
held refHinsihle for tho decline In
automobile production. I'nusinil
prosperity was shown by a few
companies. particularly General
Motors,- whole sale und earnings
b'-oke all records, and Chrvnler.
Nash. Ktudehaker, Hudson. Hupp
and Packard, but many smaller
companies made a poor showing.
Automobile, executives have pre
dicted record -breaking product ion
In l!i2.
Copper shares developed unusual
activity and strength in response
to- the. Unproved trade 'outlook,
now considered the best since the
war. On-eii Cananeu.1 the senna -lion,
more than quadrupled In
quoted Vuluo upon the discovery
of ja rich ore body on Its Colorado
propery.
". 4
Oil shares eontin I under the
depressing influence of over-production.
Olseovcry of prolific, oil
fields In West Texas followed the
tremendous output in the Seminole
urea In Oklahoma, which, however,
later showed signs of petering out.
Agreements to curtail -protluclinn,
through, successful in ,somi' bit all-'
ties, failed to 'Influence greatly tVic'
general situation. The decisive
Hi:i a d taken by the American
Petroleum Institute to conserve oil ,
resources, approved by Govern
ment, authorities. Aroused hopes of
u belter outlook for 1 !t2 -t. S- veral
oil companies were forced to re
duce or omit dividends. '
Kupld progrnss was made In the j
development or the South Amerl- I
Van oil fields, particularly in Vene- j
auela, due lo a practical shut
down In Mexico because of the j
controversy over land laws. . (
Mexican Supreme Court decision
In favor of the' American oil com
panies held out hope of a settle
ment. Purchase of Itnsslan Soviet
oil by tho Standard Oil Company
of New York started a bitter con
. troverj-'y betw een t hat corporation
and the Itovnl I luteh Shell in-ter-'Sts
of Great Mrltaln. but pre
dictions of a world-wide price
Cut ting war had not materialized
as the-year neand it close.
i:ieetrlenl
Uecord -breaking electrical out
put was reflected In the steady
By Williams
cer op
AH HEAD
ACHE
t-OvAJ
CtOsie .
O ' mt w. wwci me
( appreciation in quotations of pub
lic utility shares. The rally was
held In check, however, by threat
of a coiigrcHjdonal Investigation in
to recent super-power proji cts und
the drouth of holding companies
In the public utility field.
1 The shift from office building
and residences tojmbiie works und
i nginci ring projects characterized
the huilding industry, which main
tained a relatively high .rate of
activity.
Textile, packing, leather and
ritldier stocks made HUM material
progress, ultlnAigh the outlook In
each. Industry showed improve
ment. Chemical shares ulo re
sponded io Letter trade conditions.
Hi renal h of the mail order stocks
was nssoclaled with the increased
purchasing power or the agricul
tural regions. The steady kiowCi
of chain storeK was mirrored in the
rise of their securities. '
Speculation In airplane stocks
was augmented by world-wide in
terest In trans-Occuulc ami oilier
long-distance flights. Wright Aero
nautical, manufacturers of the
"Whirlwind motor" used by Lind
bergh and others, appreciated
about -Pio percent in value. Ex
tension of commercial air routes,
approved by President Coolldge,
and the Interest tn air develop
ment shown by Henry Kord also
wire important factors in the rise.
Tobacco
1'nprece. Jenled cigarette con
sumption and lowered c!gar Inaliu
laclurliig costs through insinua
tion of labor-saving- devices pro
vided a background for t be" ad
vance in tobacco stocks. I'ood and
drug shares wen- helped by con
solidations and by clever advertis
ing popularizing scientific terms.
Keen competition In tho electrical
refrigeration industry had a dls
ustrouH effect on the securlths of
some' or the smaller manufac
turers. Two Important stock market de
velopments 'were the iri'mendniis
growth in Investment trusts, mak
ing possible rapid appreciation in
many slocks through redaction In
the flouting supply, and decision
of the New York Stock Kschnjigi'
to admit shares of foreign cor
porations to limited trading priv
ileges. One of the most difficult
problems with which Stock Ex
change auihorities had to deal was
the acceleration of the stock ticker
io record promptly market trans
actions. Some headway was niado
by further abbreviation of quota
tion?:. nOMT POSTPONE!)
POItTI.AND. Ore., Jan. 2 (AP)
Portland's new year's boxing
show, real u ring u scheduled ten
round match ladweeii Joe Ander
koii of Covington. Ky., and George
Oi.von. Portland negro middle
wdght, was postponed today until
Jan. 10 on account or inclement
wcatjier.
' The enrrect esilmate or a men Is
about half way between what bis
wile ihinlcs and what his stenogra
pher thinks. '
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I When You Miss
-jjmJ5m23
HIGH SPOTS OF
YEAR IN SPORTS
Associated Press Reviews
Year of 1927 and Its .
Outstanding Points
Ity the Associated Pcck
lin'haN Overwhelming victory
of New York Yankees in American
League pennant race and over
Pittsburg Pirates in four straight
games in World's Scries; I lube
I: otli's new home run record, CO;
Award of most valuable player
pi ixch to Lou Gehrig and Paul
Wum-r. National League batting
king; Passing or trading of such
famous figures as Walter Johnson,
Ty Cobb. George Sish-r, Kikl Cuy
h r and Ken Williams.
Itn.vlng Gene Tunnry's success
ful defense of title against Jack
Oempsey, In spile of taking "lorn;
count" In seventh round, in record-breaking
battle at Chicago, at-,
trading 145,000 fans nnd J.VIMj,
ooa "Kate"; Three new champlon-t
crowned Mud Taylor among ban
lams, Joe Dundee In welter rank-
and Tommy Lough ran ps iUM
heavyweight tltlchoUb r.
l-'oollgill- Itcrord crowd of 113,
oou at Southern Callfornia-Notre
Oanio game in Chicago; General
upset of champions; Ineligibility
of Yule hackfteld ace. Hruce Cabl
wcll; I tut In relations between
Army and Navy. ' "
(.oil' Hobby Jones triumph in
Hritlsh Open for the second
straight time, ; with record score
of H r , and victory in American
amateur tournament for third time
In four years; Walter Hagen's tri
umph for fourth straight year in
Free for the Asking
IK Interested in SILVEIt KOX
VADE-('P ECUS,, or KUX KA U.M
ING, then call or write this farm
for vry latest and most complete
LITEP.ATl'KE ( li OK ) on ALL
subjects. Your SMALL backyard
is equal to a large KALM In this
industry if you only knew It. GET
this. HOOK; AlS( hae u few
TMOt'SANh IMU.LAUS lo LOAN
ON CITY PItOPEItTY ror.a r(rst
MOUTGAGE only. ' . . ,
OREGON TRAIL
SILVER FOX FARM !
II. W. SMITH, Pi-op. 1
' La (.ramie. Orison
Your
server-
Call
Main 24
Apd a copy will
For change of address, please do not notify
carrier boy only call the office direct, giving
old and new residence,' and you will avoid
errors in service,
The Evening Observer
Main 37
P. G. A. tourney: Tommy Armour's
winning of both American and
Canadian Open titles.
Polo -Triumph of American
I "Iilg Four", with Tommy llilch
J cock as star, over Mrltish chal
( lengers for classic International
Cup.
j Itoulng Columbia's victory
j over Washington, California and
Navy In Poughkeepsle blue ribbon
race; Harvard's first victory over
Vale In seven years; Joe Wright,
Jr.'s sculling triumphs.
Swimmings Johnny Wr-lssm idl
er's supremacy In short dlstunci
events for seventh straight year;
clean sweep of women's free-style,
events by Martha N'orellus. who
won five national tltbs and broke
L'9 records during year; George
Young's victory in Catallna Chan
nel marathon.
Tennis End of America's seven
year I mi via Cup reign us French
overthrew Tlhlcn and Johnston;
Hcne Lacoste wins American
singles title for second straight
year and earns crown as world's
No. I player; Come-back of Helen
Wills to women's heights, winning
both Wimbledon and American
titles.
Track ami Tlcld Sabln Can's
'record-smashing pole vault feat;,
including outdoor world's murk of
M feet; Lloyd 1 iuhn's unbeaten
record indoors including victory
pvt r Edvin Wide: Stanford's vic
tory In Inter-collegiate champion
ships.
-NOTHING BUT THE BEST-
You are satisfied with nothing but the best funds fur your
table, whether it be vegetables, fruits, meats or desserts and
we know you feel tho same way about bread.
Thai's tho reason we select our' ingredients as you would
yourself, that's be reason our shop is as clean and spotless as
your own kitchen,-that's the reason we -deliver regularly and
frequently to your grocer. Gulden Crust liread you will find
to be the best tasting, most nourishing all 'round bread you can
obtain.
Mut try It yourself. liemember ihe name, Golden . Crust
Pread, at your grocer's.
Gwtlliams Electric Bakery
La Grande, Oregon
be delivered at once
charge.
Heaters
Now at Reduced
P vices
Nothing down
15 months to pay
CARR
FLTuNITL'RE CO., Inc. -Main
770
A sclf-inudc man is just like any
body else, except that be doesti't
cave a whoop which footbalP teani
wins. ' r'
A man hurt alw-iys Impr-evcd by
taking n dose of his own medicine:"
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