THE ONTAMO AKUUS, ONTAJUO. ORL'ClOk, Till I7KI) KV. DECEMRFJ; 9. 1920
PROSPECTS Of PROTECTION
. AffECT WOOL MARKETS
Wool Hales In Australia Evidence
Tendency of American Bujei'e
To llolil Off Foirlgn
Markets
Botso, Idn Nov. 17, Speculation
iih to (ho possibility or a prospective
tariff under tho new administration
hns hatt Its effect on tho wool mar
ket says a statement by It. I). Mlllln,
sheep spuclatlRt of tho University ot
Idaho oxtctiHlon division. This ro
sult Is notlccnbto, according to Mr.
Mlllln In lis rolatlnn to tho pur
chases of wool In AttBtrallii by Amor
lean Buyers.
"Octohar snlcs In Australia did
Mrnot moot with groat success and
prices rcallzod woro bolow thoso
Rioted for American markets nt the
samo tlmo", sns his statement. "In
nhlllty to know whether tho low
point In wool prices had been reach
ed and tho possibility of having to
meet n protective, tariff In this coun
try on tho arrival provuntod lnfgor
purchases by American buyers.
Home small purchases' woro lumlo
for American manufacturers' ac
count hut tho wools sqcurod woro to
bo manufactured Immediately upon
arrival In this country.
"Strange to sny, most of tho wool
recently sold In tho oast has boon
ooarso wool. This has been usod
by carpet manufacturers who scorn
to havo enough demand for their
prodtictR to keep tho'.r mills busy.
A sale ot roarsu wools by tho govern
ment In 'October was considered o
MircoM, due to tho fact that nil
wools offered woro Hold, although
lir'co-j woro very low. Tho movor
nioiit In carpet wools Will not moan
much to American sheep man, for
thoy produce hut little o.f this clans,
0 It ADR SCOURED POUND
Flno Staplo $1.20 to $1.25
,4 blood stnplo 1.00 to 1.10
3-8 blood utoplo 70 to .80
V blood staple no to .00
rino clothing 1.05 to' 1.10
Iliio modltim clothing .OS to 1.00
of wool. Tho fact that all tho offer
ings woro sold exerted a steadying
Influonco on tho trado.
"Hoston dispatches aro ntlll talk
ing of (Jormnny's bolng financed by
Groat Ilrltaln for tho manufacturo ot
largo quantities ot IlrltUh crossbred
wools. If this Is arranged tho wool
market should bo strengthened con
siderably. "Somo custom wool mon aro ro
ported as fcollng that tho retailers
aro blocking tho gamo by striving
to hold up prices until thoy can clear
their shelves and stnto that, If thoy
would only lower their prices to
reasonable levels, business would
start up again. Otliors attribute tho
slackness to u general lack ot con-
ftdonca.
"Tho following quotntlon Is from
tho Dally Nows Ito:ord (Now York)
ot November 8:
' 'Altogether, tho wool situation,
whllo difficult, scorns to promUo
early Improvement. Evorybody con
nected with tho Industry Is eagerly
looking forward to a ronowed do
maud for wool, foo'llng suro that as I
soon as current stocks begin to move,
prices will also mend. Talk about
tho Western growers holding their,
wool Indefinitely Is nil right, whllo'
tho market remains dull, but when
things movo, even though prices nd-i
vonro slowly, moro and more of tho'
holders will bo Induced to soil. In
fact thoro Is wool enough avnllablo
today. What Is neoded nbovo all
things, Is doninnd.'
"Tho market quota! Ions from tho
sama pnpor havo boon figured Into
tortus of grouso wool nt roproscntn-
tlvo Idaho shrinkages. Wool markot
quotations aro not to ho considered
ton seriously with tho markot In Its
prosont condition.
Classified Advertisements
rou bale
KOlt SALE Smnll
rocords. Phono 42-W.
Andorson.
vlctrota and
Mrs. lllnncho
52-1-2 pd.
roil SALE 10 II. P Fairbanks
Morso Ons Knglno, like now. 1-4
Inch Parma Water Llftor with dfs
charge pipe. O. A. Kratz.
FOR SALE Good milch cow, or
wilt trado for hay. Hoi C41. Onturlo,
t tt.
FOU SALE 2 milch cews: a ratio
Jerseys, ono 4 years, tho othor 0
years old, fresh Bometlmo this,
month. V. V. Hlckox, Phono 200-M.
Ontnrlo II. F. D. 62-1
FOll SALE 12 room modern
house, closo In, on Orcgou Streot.
Can be rented as apartments It desir
ed. Easy tonus See Mrs. T. B. FIs
r. Phono 93-W. 4852.
roil SALE Quick Itoadster. $50
first class condition, will consider
bankable not. J. II. Test, phone
110-W, Ontario, Orocon. tf
LOST AND FOUND.
t'hnrtor No 9348
REPORT OF CONDITION OI'
ltcservo District No. 12
THE
LOST Cameo pin Saturday Nov.
27th Jn Ontario. Leave nt Argus
offlco and rocohed reward. Mrs. T.
J. Ilrosnnn. 917 IM.-G2
. LOST Ilotweon Ontnrlo and Hut
Icrfloltl ranch, n now black Hand
Ixij. Ilcttirn to Oco. V. Lowo at the
lluttorfl.ild rnnch or to Tho Attju
Howard. C2-pd,
FOll SALE 40 ncros, Owyhee
water, good drainage, running wat
er. Part In alfnlfa. Balance ready for
crop. Terms It desired. V. I). Staples,
Ford Oarage G2
FOll SALE A firs room bunga
low ou Main Streot, tliroo blocks
north ot the Mooro Hotel. Address
Dox 143, Buxton, Oregon. G0-4t
FOU SALE Good eating apples.
. O. Hooloy, Frultlandt Phono 4C-2.
823 G2-1-2 pd.
SHIUNIC ailL'A'SE, POUND
04 - 48.2 to 4Gc
02 38, to 41.8
GGtf. 31.5 to 30
60 25 to 30
04 37.8 to 39.0
60 41.8 to 44
I
. - .. I
Memories
Even old Santa has them. Thoy
reach bnclc across tho year recalling
old scenes onco familiar faces.
Tho family album has its. place and
photographs of friends of other days
aro cherished in every household.
'Exchange portraits Christmas time.
.Make an early appointment for a sit
ting. Mother will appreciate it Dad will
bo proud. Bettor still why not Moth
er and Dad poso for "the .inildren's
sake."
Sisters, brothers, sweethearts and
baby portraits moke tho gift un
equalled. Seligmim Studio
Photographer Phone 133-W
FOU SALE Scrlpps Ilooth car,
1010 Motlol 1000. Sea It. W. Bwng
lor. 822 G2-1.
FOll 8ALE High gratlo Jorsoy
cows and holfori. Prices right. J. A.
Lackoy, quartor mllo S. E. Ontario,
Stockyards. 62-1
FOll SALIC Houso, 10x24, at a
bargain. purchasor must movo
building from lot. For particulars
soo I. E. Oakes, Offlco Wilson build
ing. Phono 72; or resilience phono
179-M. 82052-3
Lett nt pnssongor station Ontario,
Friday Nov. 20th, n packogo con
taining paporB ot no vnluo to nnyono
but ownor. Finder return to S. A
Atklsson, Payette. Will pay postage
K 'd roasonablo roward. 916-52 pd.
tv 'uo to my place seven miles
. ... .
west m wolsor, ono tiay marc,
wolght about 1500 lbs. no visible
brand. Owner plcuse come' take
mnro, pay charges and for this ad.
Chus. M. Van Iluren. It. 1, Welser,
Idaho. 4971.
l.a
IC17.50G.47
2,629.30
MISCELLANEOUS
Mrs. A. T. Chrlstonson, toachor of
piano, Phmie 170-W. 61 tf.
WOltIC WANTED by man and
wife on ranch by the year. Dox 142.
4t. pd.
- i.
ESTItAY Camo to my place t
mllo cast of Ontario 2 year old heif
er. Tin plate ou right oar, with
Samuel Smith, Ontario, Oregon,
stamped on It. Ownor can have
hotter by paying for ad and feed
bill 51-0t Pd.
FOll KENT Small furnished
houso with garden, berries, shade
and fruit. It. It. Richardson. Phone
05-M. 52.
Tho Argus wnnt nds will toll youi
farm produce or your iqcoiiu linno
machinery.
Itosorvo District No.
THE
Licensed to Practice In Oregon
and Idaho
O. A. KHATZ
Municipal Engineer
Member ot American Association
ot Engineers
Sower systems, water works, pave
ments, concrete design, assess
ment, office systems
408 Tllford Bid., Portland, Oregon
City HU, Ontario, Oregon
EXF1ESS AND
TRANSFER
rhoae ist
Residence Phone 116J2
II. R. Caldwell
Prop.
Quick Service
Plioue 1D Ontario, (fregeii
Chartor No. 6822
UEPOHT OK CONDITION 01
FIRST NATIONAL BANK
AT ONTAHIO, IN THE STATE OF OREGON, AT THE
CLOSE OF HUSINJ-SH ON NOVIIMBHH, in, 1I1!.
RESOURCES
la Loans and dlscouuts, Including rediscounts
(oxcopt thoso shown In b and o) $527,041 96
2. Overdrafts, secured, $..; unsecured, $775,02
I. U. H. (2o eminent Nt'Ciirltli'M ewned:
a Deposited to socuro circulation (U. S. bonds
par valuo) .......a 12,600 00
tl Pledged ns collateral for State or othor do
posits or bills payablo 20,000.00
t Owned and unpledged A), 960. 00 '
h War Sjvlugs Certificates and Thrift Stamps
actually ownod 840.00
Total U. 8. Oovcrnmont aocurltlos
1. Other bond, ctH'lliltli'N, vie 1
b Honda (othor thnn U. S. bonds) pledged to
eecuro postal savings doposlts 1,600.00
0 llondi and securities fothel than U. 8.
ecurltlos) plodgt'd att collateral for Otnte or
other deposits (postal excluded) or bills
puynblo 9,600.00
0 decurltlos, othor than U. S. bonds (not In
cluding stocks), ownod n;id unplodged 39,337.13
Total bonda, i.ci-uritics, etc., othor Hum
II. 8
0. Stocks, othor than Fodoral Itesorvo Hank
8t 00k :.
7. Stock of Fodoral Hesorvo Hank (60 per cent
ot subscription ,
8 n Valuo of banking, ownod and unincumbered 32,360 00 '
9. Furniture and fixtures
11, Lawful rorervo with Fodero.1 Hesorvo Hank..
12 Itoms with Federal Hesorvo Hank In process
of collodion (not nvnllablo as resorvo)
13 Cash In vault and not amounts duo from
national banks
14. Not amounts duo from banks, bankers, and
trust companies In the United States (other
than Included In Horns, 11." 12, or 13,)... .
16. Exchanges for clearing houso
Total of Itoms 12, 13, 14, 15, and 10 . . 77,743.71
17 Chocks on banks located outsldo ot city or
town ot reporting bank nnd otl er cash Itoms
18 Iledomptlon fund with U, 8. Ticasuror and
due from U. 8, Treasurer
19. Intorest earned but not colloctod approxi.
mnto on Notes and Dills Receivable not
past duo 7,5.00.00
TOT A L
LIABILITIES
21. Capital stook paid In
22. Surplus fund '.....
23.a Undlvldel profits 21,790 00
baJferxs current expenses, Interest, and tuxes
Rild 10,335 35
27. Circulating notes outstanding
30. Net amounts duo to banks, bankers, and
trim companies In the United States aud
forol.-n countries (othor than included In
Hems 28 nnd 29 '.,...-
Totul of Items 28. 29, 30, 31, and 32..
Demand Urposlts (other than bank deposits)
Mihjrrt to Hexerio (deposits payable within
SO days:)
33 Individual deposits subject to check .......
34. Certificates ot deposit duo In loss than 30
day (other than for money borrowed):.
35 State, county, or othor municipal deposits
secured by pledge ot assets of this bank
Total of demand deposits (other than
hank deposits) subject to ltcservo, Items 33,
34, 35; 36, 37, and 38 617,030,48
39. Certificates .of deposit (othor tnnn for mon. "
ey borrowed) -
41. Postal savings deposits
42 Other tlmo deposits
Total of tlmo doposlts subject to He
serve, Itoms 39, 40, 41, and 42 180,198 H
48.. mils payablo with Federal Heservo Hank,..
12
$627,041.95
776.02
94,290,00
60,337.13
1,000.00
3,000.00
32,360.00
0,749 00
43,920.77
3,184.03
00,028.00
5,857,88
2,073.20
1,892.36
025.00
IjlHanjilH.UO
60,000.00
50,000.00
6.465.25
12.500. c:
4,064.33
4,554 .1'.:
4
395,199.18
115,8.11 30
C.000.00
129,833.20
232.93
50,131.95
20,000 00
TOTAL $8.'ll,7a8.ao
Of the total loans and discounts shown nbovo, tho amount on which In
terest and discount was charged at ratoe In excess of those permlttod by
law (Sec. 6197, nov. Stat.) (exclusive of notes upon which total charge not
to oxceod 60 cents was made) was None. Tho number of such loans was
None. '
STATE OF OnEOON, COUNTY OF MALHEUR, ss
I, II. D. Cockrum. Cashier of tho abovo named bank, do solemnly swear
that tho abovo statement Is true-to the best of my knowledge and belief.
, II. H. COCKHUM, Cashier
COnnECT Attest: Subscribed aud sworn tG before
A. L. COCKRUM me this 29th day of November, 1920
T. TURNBULL w, w. wuuu,
L. B. COCKRUM Notary Public
ETTA COCKRUM My Commission oxplrcs Oct. 10. 19
7.
8.a
9.
10.
11
13.
14.
10
17.
18.
19.
ONTARIO NATIONAL BANK
AT ONTAHIO
IN THE STATE OF ORISON, AT THE CLOSE OF BUSINESS ON
NOVEMBER 15, lUiH.
RESOURCES
Loans nnd discounts, Including rediscount
(oxcopt thoso shown In b nnd e) 091,331.09
Total loans 0Bl.3tfl.00
.Notes and bills rcdlseounted with Federal
Hesorvo Hank (othor thnn Imnk nrpntiiniinnu
sold) (hl'o Item 54it) 7a 805 2
PV(inLrnftM' "mih-oiI. $ : unsecured.
$2,029.30
(iowiiinii'nt MTiiillloM mtm-d:
Deposited to socuro circulation (U. S. bonds
par valuo) 00,000.00
Pledged to socuro postal savings doposlts
(par valuo) 500.00
Pledged ns collateral for 8tato or otlnsr tb-
posits or bills payablo 23 400 00
Owned and unpledged ' 1 ico 00
Wnr Savings Certificates nnd Thrift Stamps
actually owned . . ; rdc bs
Total U. S Oovornmont securities
Other bonds, xccuiltleH, j-tr.:
Bonds (other than U 8, bonds) pledged to
socuro postal savings tloposllB 1,000.00
Securities, othor than U. 8. bonds (not In
cluding stocks), ownod nnd unpledged 20,037 83
Total bonds, securities, etc., othor thnn
U Hi eeeeee'teeeeeeeeeteee
Stock of Fodoral Reserve Bank (60 per cent
of subscription )
Vnluo of banking houso, ownod nnd unlncutn.
""rod .17.200.00
Furnlturo and fixtures
Real estnto owned othor than bnnklng houso
Lawful rcservo with Federal Rosorto Bnnlc.
Cnsh In vault aud not amounts duo from
national .hanks
Net amounts duo from banks, bankers, nnd
trust companies In tho United States (other
than Included In Itoms 11, 12, or 13)
Checks on othor banks In tho snmo city or
town an roportlng bank (othor than Item 15)
Chocks on banks located outsldo of city ot
town of reporting bank and othor cash Itoms
Redemption fund with U. 8. Treasurer and
duo from U. 8. Treasurer
IntercHt earned but not collected approxi
mate on Notes and HIIIh Hocolvnblo not post
duo ($7,050.00) ,..
80,940.88
27,037.8.1
2,700.00
37,200.00
4,90(5.20
1,000.00
15,438.85
22,280.01
19,408.68
3,303 45
1,570.48
3,000.00
TOTAL
42,382.01
LIABILITIES
Capital stock paid In
Surplus (nnd
Undivided profit 31,418.84
Less current oxponsos, Interest, and taxctt
paid 10,303.03
Interest and discount collected of credited
In ndvnnco of mnturlty and not earned (np-
proxlmnto)
Circulating notes outstanding
Net amounts duo to national banks
Not amounts duo to banks, bnukofs, nnd
.trust companion In tho United States and for
eign countries (other than Included In Items
28 or 29)
Certified checks outstnuYtliig
Cnshlor's checks ou own bank outstanding..
Total of Items 28, 29, 30. 31. and .12.
Demand deno!! (other than Imnk ileiiosltN)
Mkbji'ct in Kii'i'o (doposlts payable within .
30 days):
Individual deposits subject to check
Certificates ot deposit duo In less thnn 30
days (other than for money borrowed) ....
Total of domnud deposits (other than
bank deposits) subject to Rosorvo, Ileum 3.1,
34, .16. 30, 37, and .18 , 380,400.70
, TImik deposits subject ((, Itrsrno (payablo
after 30 days, or subject .to 30 days or moro
notlco, nnd postal savings):
39. Certificates of deposit (othor than for money
borrowod) ;
41. Postnl savings doposlts
4 2 Oilier t'mo doposlts ., .
, Totnl of tUuo doposltH subjoct to He- '
servo. Itoms 39. 40. 41. nnd 42 221.498.22
Hills pnyablo with Federal Rosorvo Bank..
21.
22
23.n
b
27.
29.
30.
31.
32.'
3.1.
34.
9H III.O.'1 1. 1 7
00,000.00
40,000.00
12,066.80
2,097.32
68,900.00
13,306.16
20,319.06
10 00
0,080.91
366,472 79
30,927.07
48
176,198.80
118.09
45,180.07
20,000.00
TOTAL HI!l,n:il 17
OMho total loans and discounts shown nbor, the umouut ou
which Intorest nnd discount was charged nt rates In excoKs of those per
mitted by law (Sec. 5197, Itov. Stat.), (uxuluslvo of notes upon which totul
charge not to oxceod 60 cents was made.) was None. Tho number of such
louns was None.
STATE OF ORKOON. COUNTY OF MALHEUR, ss
I, W. F. I Ionian, Cashier of tho ubovo-uumnd bunk, do solemnly
swear that tho nbovo statement Is trim m the best of my knowledge und
bollei
W. H. WOMAN, Cishlar
Subscribed and sworn to before me this 30th ilay.if November, 1920.
8. F. TAYLOR.
Notary Public for tho Stale of Orexon
My Commission Expires, October Cth, 1923.
CORRECT Attest: '
O. II. EMISON.
J. H. BLACKABY.
EARL BLACKABY, Directors.
4t-4444J444444AW.44H'M444
t n .. r .. . n n ..
ee mcraii ana see ccaer
With .Modern Scientific' Optical IlistiuiunitH
Your tliililirii'M H's, nn will 111 tliu Older Person's
Arc Hnfo In Our Care
No chnigrs crpt mIicio I'rofiMcnnl Hwvlrcs Hre ilrnlreU
We Absolutely (jiiainiitcn All Our Work.
Phniiov Offlco 117-J, Hi-sldemr 10U..M
DH. J. A. McFALL Eyeslglit SprcUll.t
Offlce: BliuUnby Jewelry Atom Ontario, Ort'geii
4-44Kt-t-!i444 W--t
t f -mr- -- B-W-l.- L ?
X XkJ OAW JLJS ,.-X7G -JL"XXXJLO
to have those
3Ftepet:i.rec3L
We can save you money on
COMPLETE NEW TOP
J
Fstablishcd here in 1910
Directors
4-f4t-j$-j-t4i4li4KtKt