THE ONTARIO ARGUS, ONTARIO, OREGON, THURSDAY, AUGUST 3, 1922
Wollealey Hills, Mass., July 29,
When Interviewing Hoger V. Bab-
son regarding tho railroad and coal
strikes, Mr. Bauson did not seem
surprised with recent developments.
He belieros that things are working
out in a natural way and all inter
ests are doing the best they can
with a bad situation. What seems
to Interest Mr. Babson most is tho
possible effect on prices In general
following the strike settlements.
Discussing this possibility he says:
"The strikes while in progress
natnrally put a general damper on
business. They hare a dishearten
ing effect on producers, Jobbers and
retailers. Wage workers have loss
to spend and manufacturers are less
interested in pushing their business.
AH of this tends to hold up trade In
general. Yet during this period of
strikes, people are living, eating and
dressing Just as if no strikes existed.
Houses aro deteriorating, young
folks aro getting married, children
aro being born, clothes aro wearing
out, and morchandlso in general Is
being confused. If deterioration and
consumption were suspended during
tho depression of labor strikes, then
strikes might be good for tho coun
try at times. Unfortunatoly, how
ever, the , deterioration and con
sumption goes on even though the
retail purchases decline.
"This means that after strikes are
settled there is a general rush to
buy. The wage workers when re
turning to work again. feel prosper
ous. They and their families rush
to tho stores and purchase goods.
Tho group of industries which have
been involved in tho strike immedi
ately receive an avalanche of or
ders. They in turn feel prosperous
and order now machinery and quan
tities of supplies. This sudden in
crease In business from both wage
workers and employers Is quickly
folt by tho Jobbers who in turn pour
In orders upon tho manufacturers.
"The immediate effect of this Is
to cause a temporary scarcity of
goods which in many instances re
sults In tho raising of prices. There
fore, I should not bo surprised to see
an increase In the wholesalo prices,
of many products this fall. In pome
sections of the country there will be
a distinct shortago In some lines of
goods. Merchants, therefore, are
Justified in stocklsg up now for fall
and winter trade. Those who have
contracts to fill should seo that
these contracts are well covered.
Whon business Is so dull, as it is at
present, it Is hard to bollevo that a
few months can seo a radical change
in tho situation. .Such is possible,
although prlco increase may be more
or loss of a temporary nature. I
say "temporary" because after the
next spurt in commodity prices,
there will probably be another break
which will make the general price
level even lower than it is at pres
ent. After this next upward move'
ment, the general trend of com'
modlty prices may be downward for
some years to come.
"Some of the basic commodities
aro already showing an upward ten
dency. Sugar, for example, which
Has neon such a drug on the mar
ket during the past two years, has
already begun to strengthen, and
people aro well Justified in again
buying sugar by the barrel. Lin
seed oil is firmer. Tho demand has
greatly Improved and the outlook is
very much brighter. I predict fur
ther advances for linseed and should
not be surprised to seo raw linseed
oil sell for one dollar or over. This
is the general result of the large
amount of building now in progress
and the consequent demand for
paint. Cotton is still strengthening.
The recent estimate published shows
that tho 1922 crop will scarcely bo
sufficient for the world's needs.
Still higher prices for cotton may bo
expected. Steel prices are firm
with rising cost of production and a
fair Increase in demand. Both coal
and coke prices are strong. Pig
iron is in fair demand and strong.
Zinc is more active while prices
are low they aro firm. The same
applies to tin and especially copper.
Copper Is tho last metal to feel tho
effects of price movements and cop
per is sure to sell higher during this
coming year following the strike
settlements. The basic commodities
which now look weak in the market
are lead, rubber and petroleum.
Petroleum is in a very interesting,
position. The market Ir. controlled
and there was never a time, even
during tho palmiest Standard'. Oil
days, when the oil price situation
was so under tho absolute control
of a few men. On the other hand,
there is a tremendous amount of Oil
in storage and statistically the oil
situation is weak. Altho I cannot
got anyone to agree with me, I be
lieve that oil is at any time liablo to
break in price.
"What will this mean to the
stock market? It looks to me as
if this would be a benefit, especially
to the Industrials. Tho clean-up of
the strike -situation should help the
whole market. However, any stocks
purchased now should be selected
with great discrimination, only af
ter careful study and consultation.
Statistics, however, clearly indicate
that we are still in a bull market,
and the break of the past few weeks
was only a natural action in a gen
eral upward movement which will
not culminate for some months yet."
General business as reflected In
the Babsonchart .stands at 11 per
cent below normal, an improvement
of 2 per cent since last week. This
week's figure marks the highest
point since January, 1921.
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HOTEL WILSON rhono 3 w, .
The "Homey" Hotel of Malheur Service day and night. Tuber- ONTARIO PHARMACY
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TAGQART HARDWARE CO.
Malheur County'. Largeat
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IRONSIDE NEWS
Dick DeArmond was a visitor here
Monday enroute to Malheur River.
Mr. and Mrs. J. P. Smith and son,
and Ben Rutherford spent Sunday
with relatives at Brogan. ,
Albert Locket of Brogan Is drill
ing a well at Earl Lofton's.
Mr. and Mrs. W. Brooke of On
tario, were overnight visitors at
Ironside Monday, going to Unity
mountains for a few days outing.
Mr. and Mrs. H. C. Elms spent
Sunday at Horford with their son
Chas. Elms and family.
Beulah and Alvin Smith of Bro
gan, are visiting this week with
their grandparents, Mr. and Mrs. J.
P. Smith.
Miss Silva Grabner of .Brogan,
attended tho dance here Saturday
night.
Wm. Beam and family of Nyssa,
were visitors at the E. J. Beam home
one day last week. Misses Reta and
week visiting with Vivian Beam.
W. P. Martin, president of the
Eastern, Oregon Land Co., and Dave
Graham of Ontario, were business
visitors here Tuesday.
Rider Bros, of Baker City, visited
at Ironside Btore Tuesday.
Sylvester Rise was taken to Ba
kor Wednesday for medical aid,
vhavlng a partial stroke of paralysis.
His -wife, mother and brother ac
companied' him.
Ralph Harvey was In this vicinity
Tuesday from Brogan.
Dr. Teatermnn of Baker, was an
Ironside visitor Monday.
Mrs. J. Woodcock of Baker, was
an Ironside visitor Monday.
Mrs. Oscar Hardman of Unity, is
vislting'this week with her parents,
Mr. and Mrs. J. Woodcock.
Mr. White left Thursday for Par
ma, Idaho.
Ed. Test and son Harvey, of Vale
were Ironside visitors Wednesday.
Mrs. Joe Howrey of Malheur Riv
er, made a trip to Welser Tuesday,
returning Wednesday.
Mr. Knowl'es of Malheur River,
made a business trip to Vale Wed
nesday.
Miss Dottle Locey is visiting this
week with Silva Grabner at Brogan.
Mr. and Mrs. Arden Reed of Gro
gan, and sister from Tronto, Can
ada, passed thru here enroute to
Burnt river on a hunting and fish
ing trip.
Floyd and Clarence Howard were
called to Baker Tuesday to attend
tho funeral of their father. Balti
more Howard and Mrs. C. T: Locey
and son also attended. Mr. Ho
ward was formerly a resident of
Ironside.
Scott Davis and family of Ontar
io made a short visit at Ironside
Thursday on their return from a
fishing trip on Upper Willow and.
Malheur river.
Harry Edwards of Brogan was In
this vicinity Thursday on business.
Pat O'Neal of Jarateson, is help
ing 'o. R, Dickson put up his hay.
O. Vandover of Brogan, was an
Ironside visitor Thursday.
S. A. Lofton had a narrow escape
of his life Monday, falling from a
stack of hay ho had just finished.
FOR 8ALE fire acres on hill 1-4
mile from' High School under ad
vancement Co. ditch -with water
right. Fine place for chicken, or
garden. All good soil. Price $600.
Inquire W. H. Doollttlo Trustee.
FOR SALE or Trade 200 'acre,
raw land near Baker, Ore., can be
lrrlgatod. $30 per acre. Mortgage
$908, six per cent. H. C, Wood
ward, Emmott, Idaho, R. 3. 33 It
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ANHEUSER-BUSCH, INC, ST. LOUIS
Boyer Bros. & Co.
Local Distributors
Ontario, Oregon
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Goodrich
new tire prices
lowest cost mileage ever known
The new base line tire prices established by
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the one quality Silvertown the tire that has
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their customers the big advantage and economy
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Silvertown Cords
at such base line prices as these:
SIZE
30 x 3 CI.
31 x 3.85 CL
30 x 3 S. B.
32x3 "
31x4 "
32 x 4 "
33 x 4 "
BASELINE
PRICE
$13.50
15.95
15.95
22.95
26.45
29.15
30.05
SIZE
1L
34 x 4 S. B.
32x4 "
33x4 "
34x4 "
35x4 "
33x5 " '
35 x 5 "
$30.85
37.70
38.55
3930
40.70
46.95
4930
New base line prices are also effective on
Goodrich Fabric Tires
SIZE
30 x 3 "55"
30 x 3 "55"
x3(6
32
ii .1
(Safety)
BASELINE
PRICE
$9.65
10.65
16.30
SIZE
32x4(s&5V)
33 x 4 "
34x4 "
BASBUNB
PRICE
$21.20
2235
22.85
No extra charge for excise lax. This tax is paid by Goodrich
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SOVERTOWN CORDS FABRICS TUBES ACCESSORIES
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THE VARIETY STORE
OPPOSITE roSTOFPIOB OVTtmn t,
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DR. J. A. HTML"
Ejealght Specialist, OnUrlo, Ore. Phone 147J
WB QIUND
OUR OWW
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