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About The Ontario Argus. (Ontario, Or.) 1???-1947 | View Entire Issue (July 13, 1922)
Ik ii tir itir'i, .v - tiweri'i'Ci'Tr-''''4'''iWfr "t"!" 1 " H"J Hi THE ONTABIO ABGUS, ONTABIO, OREGON THURSDAY JULY 13, 1922 toFfl arfac 'J 5 U BABSON ON 1922 Wollesloy mils,, Mass., July 8, 1922. In discussing tho ' general situation lor the week Hogor W. Babson, tho statlstlcan, today made tho following analysis of tho Crop Outloek: "Today interost Is , contored around tho prospective 1922 crop output. I cannot ovcr-ostlmato tho Importance of agricultural pro ducts at this time, not only as a means of restoring confidence and a higher spending power In those sections that suffered most acutely during this depression period. I have traveled thru the grain and cotton areas and know tho farmer carried more than his share of the readjustment responsibilities. Yet this is history, and the farmer Is business barometor, but as thohnnVlnrr fnrnmrrl w!Hi rnnalilnrnhln Directory of Ontario's Business Firms DR. J. A. MC PALL Eyesight Specialist Eyo Glasses and Spectacles ONTARIO NATIONAL DANK The Oldest Bank in Malheur County "Service that Serves" Capital and Surplus $100,000. HOTEL WILSON The "Homey" Hotel of Malheur County. Good Meals 40c ItKIIISEX & RYAN The Home of Good Eats and Low Prices Phones 3 and 131 RADER BROS. Dependable Merchandise "Not the Cheapest, But the Best" PURITY BAKERY Ernest Barcus, Prop. All Kinds of Breads, Cakes and Pastry TROXELL IMPLEMENT CO. Farm Operating Equipment McCormlck, Deerlng and P. & O. THE INDEPENDENT MARKET Phones C and 135 If Its Good To Eat We Have It If It's Farm Produce We Buy It WELLS DAIRY Phono 34 W2 Service day and night. Tuber cular tested cows. Clean and Bani tar equipment. MORIUS MILLINERY & NOVELTY SHOP I'alymre Waists Womori's And Sport Clothes Dresses THE HUB -. Ono of 40 Stores Will Rave You Real Money Signs BYRON TURNER W. L. HAZELTINE Watchmaker, Jewolry All Work Guaranteed BLACKABY JEWELRY STORE Home of "GiftB that Last" ONTARIO PHARMACY O. M. Castleman, Prop. Prescription Specialist Victor Phonographs Rexall Romedies Eastman Kodaks H. R. UDICK Plumbing and Heating Domestic Water Systems TAGGART HARDWARE CO. Malheur County's Largest Hardware Store J. C. McCREIGHT HARDWARE Satisfaction Guaranteed KmmmKmmmmmtmmmmmmmmmmmmmmmmmmmmmm WSmSSL RED CROWN used exclusively in ANNUAL ECONOMY RUNS The Los Angeles-Yosemite (Camp Curry) Econ omy Run is probably the most famous event of its kind in the motor world. Every year about the mid dle of May, while the snow still lies deep in the mountain passes, from 15 to 20 cars start the stren uous 360-mile run across the interior valleys and up the difficult mountain roads into the Yosemite Val ley. Every car is carefully groomed for victory, and driven by an expert. And in all the six runs so far held, all cars entered have used Red Crown gasoline ex clusively. This year the car making the run on the lowest consumption of fuel, a Chevrolet driven by Dom inick Basso, made the entire trip of 360 miles on 12 gallons of "Red Crown" (anaverage of 30 miles to tho gallon), and a pint of Zerolene. The average gasoline consumption for all cars participating was phenomenally low, This furnishes striking evidence of tho continued success of this company in manufacturing a motor-car fuel of the highest grade, justifying for six successive years the unanimous choice of automotive engineers eager to establish the best possible records for their cars. This year, 18 of the 20 cars entered made the entire distance on less than 20 gallons of "Red Crown," although owing to recent rains the roads were unusually difficult. Red Crown gasoline is the most economical motor fuel on the market today, because it con tains the maximum number of heat units that can be rapidly and uniformly vaporized in the modern carburetor and go into complete combustion in the cylinders, producing the maximum power the engine was designed to develop. Fill at the Red Crown sign at Service Stations, garages and other dealers. STANDARD OIL COMPANY (CUxnlt) Class 1-E for cars costing under $800 optimism to probable developments during the next few years. "The outstanding feature of the June Government report is that acreage of all wheat, oats, and rye is 2.2 per cent less than a year ago, but tho estimated yield Is 17.1 per cent greater. This means that the growing conditions are comparitiv oly favorable. I have yet to wit ness a year where crop scares and marked price fluctuations did not materialize. Weather and insect ravages cannot be forecast, but as conditions now stand, the total grain output should about equal normal proportions. The winter wheat crop is now being harvested and the yield estimated at 3.4 per cent over 1921. "Spring wheat are Jaced at 18.8 per cent more than a year'ago, with tho total considerably in excess of tho ten-year' average. Nevertheless wheat Is statistically strong. Our exportable surplus for the current year was "placed at 255,000,000 bus hels. Actual exports for the seas on aprroached 205,000,000 bushels. The relatively- large crop is entirely offset by the" limited carry-over. Australian and Argentine stocks are also limited. True, the price level of wheat is high compared with corn and oats. Wheat, however, is the natural leader, and I would make a point clear; namely, that until Russia Is again in a posi tion to feed a great portion ot Eur ope, the price of wheat in this coun try will remain high. "The number of acres devoted to oats is 6.7 per cent under a year ago. Still the prospective output Is 23 per cent more. The estimat ed yield of 1,305,000,000 bushels about equals the ten-year average. It Is well known that oat prices are fundamentally) too low. Consider ing the limited crop of a year ago and heavy consumption on the farms, the carry-over promises to rule far under normal proportions. This phase is not discounted by the present price level. I anticipate a higher average price level for oats during the 1922-23 Beason. The rye crop Bhows the most radical 'de velopments of all. Acreage is 13.3 per cent over last year, while tho prospective yield shows an increase of 40 per cent. With the exception of 1918, this Is the largest figure on record. There is no fundamen tal reason why rye should not fol low the general trend of agricul tural products. "With the advent of the. new crop a marked price elevation Is not logical. Still no serious price decline should eventuate this fall, and the .1922-23 seasonal rlso should be more pronounced than In the season about to close. The Babson Agricultural Index of ten leading products is now quoted at 148, which shows a 28-polnt rise over tho low during the fall of 1921. The elevation in agricultur al products has already Increased the spending power of the farmer. It should bo remembered that .1922 producing costs labor, fertilizer and transportation are ranging on a more popular basis 'compared with recent years. Therefore, with good crops and a higher average price over the next year, the farm er's Income is bound to return gradually to normal. "I am particularly interested in cotton. The condition is now esti mated around 70, which compares iwith a ten-year avorage of 75. Last year's crop was the smallest In modern history, yet the record car ry-over constituted a total figuro that successfully coped with the curtailed European and domestic demand. This year the carry-over is nearly back to normal propor tions and a crop excess of 11,,500, 000 bales, is not indicated. This means that the total supply Is about equal last year's figure, but the potential demand is greater. "Europe has been taking between 5,000,000 and 6,000,000 bales an nually since 1913" concluded Mr. Babson. "Tho pre-war figuro was between 8,000,000 and. 9,000,000 bales. Europe must buy raw cot ton in greater quantity if she is to maintain supremacy In the finished product. With tho settlement of tho present textile strike, domestic consumption will bo higher, not lower. Theoretically there Is a world shortage of cotton and until the statistical position Is corrected a condition that cannot materialize for at least another year, the av erage price will remain as high if not higher than tho present level." General business according to the index figure of the Babson chart stands at 17 per cent below normal. This Is the same as last week, and is favorable considering the serious loss suffered thru the various great labor strikes now in progress. NOTICE TO CREDITOR8 FOR SALE OR TRADE Four room house with two screen porches. Will take a car as first payment. See Fred Blaser or calf 75M. 31 3t. Notice Is hereby given that the undersigned has been appointed, ad ministrator of tho estate of Joso phlne Ireton, deceased, by the Coun ty Court of Mainour County, Oregon. All persons having claims against the said estate are hereby notified to present tho same, duly verified as by law required, to the under signed administrator at his office In Ontario, Oregon, within six months from tho date of the first . publication of the notice. Done and dated and first pub- llshed this 15th day of June, 1922. WELLS W. WOOD, ' "Administrator of tho estate of Josephine Ireton, deceased. Last publication July 13, 1922. NOTICE FOR BIDS Sealed bids will be received by the school Board of School Dlst. 30 (Valley View) until 12 o'clock M. July 15, 1922, for moving the teach ers' cottage and putting it on a foundation. The board reserves the right to reject any and all bids. Flora M, Schaffer, Clerk. FOR SALE 140 acres 7 miles S. W. of Ontario, Oregon, on hard surfaced road to Vale. Good water, good house, fine shade and good water right. Fine place for ono wanting to buy a home. Four thous and dollars will swing deal, remain der on time. For particulars write T. A. Cox, Lincoln, Illinois. 30tf. Tlma to Re-Ura? Bur ruw AVERY good tire at a very low price. Just another instance of Fisk extra value. As true with the Fisk Premier Tread as with the Fisk Cord compare with competitive tires and you will find extra size, strength and resiliency in the Fisk. Comparison proves Fisk Quality; it also proves common-sense buying. There's a Fisk Tire of extra value in every size, for car, truck or speed tvagon itj America's jm t- . Gveraoe o Ttie Ideal laclcage for the Home Picnic and Outing l BUDWEISEKU AriheusCT-Busch. St law r' pwrptki v wBk A'Q :i:.t Now in Cartons of One Dozen Bottles y Boyer Bros. & Co. Local DlttrlhuloTM Ontario, Oregon