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THE ONTABIO ABGUS, ONTABIO, OREGON THURSDAY JULY 13, 1922
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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
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compare with competitive tires and
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proves Fisk Quality; it also proves
common-sense buying.
There's a Fisk Tire of extra value in every size,
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Ontario, Oregon