5B
THE DAILY ASTORIAN • FRIDAY, DECEMBER 8, 2017
Bitcoin soars then falls back; banks raise risk concerns
By KEN SWEET
Associated Press
NEW YORK — The price of
bitcoin swung wildly Thursday,
rising to more than $19,000 only
to fall sharply within minutes, as
both the euphoria and anxiety
surrounding the virtual currency
escalated just days before trad-
ing in bitcoin futures begins on
a major U.S. exchange.
The concerns about its vola-
tility have led some Wall Street
banks and trade groups to raise
concerns about the potential
implications of trading bitcoin.
Banks also appear likely to limit
customers’ access to the futures
when they first start trading.
Bitcoin was valued at
$17,167 as of 6:00 p.m. EST,
according to large bitcoin
exchange Coinbase, after briefly
surging above $19,000 Thurs-
day morning. At the start of the
year, one bitcoin was worth less
than $1,000.
Bitcoin’s wild swings
occurred as Wall Street pre-
pares for bitcoin futures to start
trading on the Chicago Board
Options Exchange on Sunday
evening and on the Chicago
Mercantile Exchange a week
later. The futures are designed
to reflect the price of bitcoin
without an investor having to
physically hold the currency,
not unlike how oil, gold, copper
or cocoa prices are determined
by futures contracts.
Yet the dawn of futures trad-
ing has some parties on Wall
Street concerned. A group of
banks, brokerages and clear-
inghouses came out and com-
plained that federal regula-
tors approved the futures too
quickly and without properly
considering the risks inherent in
bitcoin.
The Futures Industry Asso-
ciation, a trade association that
represents Wall Street banks,
brokerages and clearinghouses,
sent a letter to the Commod-
ities Futures Trading Com-
mission this week, saying the
institutions should have been
‘There is no fundamental
basis for valuation
of Bitcoin and other
cryptocurrencies, and
they may assume any price
from one day to the next.’
Thomas Peterffy,
chairman of the broker-dealer Interactive Brokers Group
consulted before trading in bit-
coin futures was approved.
The association’s members
expressed concern that they
could be on the hook for large
sums of money if extreme vol-
atility in bitcoin resulted in big
losses for some customers.
Goldman Sachs, one of the
nation biggest investment banks,
said it will allow only a limited
number of clients to trade the
CBOE’s bitcoin futures when
they launch next week. Bank of
America will not allow clients
access to the futures.
A person familiar with the
matter said JPMorgan Chase
will not allow clients access to
the futures on the first trading
day, and will make an evalua-
tion after that based on what it
sees in the futures market. This
person requested anonymity
because the decision hasn’t yet
been announced publicly.
The Wall Street Journal
reported that Citigroup will
also not allow clients access to
bitcoin futures, although a Citi
spokesman declined to com-
ment. Morgan Stanley declined
to comment.
Thomas Peterffy, chairman
of the broker-dealer Interac-
tive Brokers Group, expressed
deep concerns about the trading
of bitcoin futures last month,
saying “there is no fundamen-
tal basis for valuation of Bit-
coin and other cryptocurren-
cies, and they may assume any
price from one day to the next.”
Peterffy noted that if bit-
coin futures were trading at
that time, under the CBOE’s
rules those futures likely would
experience repeated trading
halts because of limits on how
high or low the price can move
during the trading day.
The futures signal more
mainstream acceptance of the
currency, but also open up
bitcoin to additional market
forces. Futures allow for the
shorting of bitcoin — that is
betting that the price of bitcoin
will go down — which pres-
ently is very difficult to near
impossible to do. With the cur-
rency’s tremendous run up in
price in recent days, it could
become a target for those who
doubt that it deserves its current
lofty value.
The frenzy of interest and
the rapid rise in the price of bit-
coin has put significant strain
on the major bitcoin exchanges.
Coinbase, the largest bitcoin
exchange, at one point tweeted
that record-high traffic had
caused interruptions to its ser-
vice. Bitfinex, which trades sev-
eral digital currencies including
Bitcoin, tweeted out that it had
suffered an unusual surge in
traffic the last few days.
Bitcoin is the world’s most
popular virtual currency. Such
currencies are not tied to a
bank or government and allow
users to spend money anon-
ymously. They are basically
lines of computer code that are
digitally signed each time they
are traded.
CLASSIFIEDINDEX
classifieds
NOTICES
MARINE
RENTALS
Special Notices ............................. 104 Boats for Sale................................. 251
Public Notices ............................... 107 Boating Parts & Accessories ..... 254
Announcements .......................... 110 Boats Wanted ................................ 257
Boat Trailers ................................... 260
PERSONALS
Marine Supplies & Equip. .......... 266
Lots & Found ................................. 181 Boat/RV Storage ........................... 269
Personals ........................................ 184
Fund-raisers ................................... 188 RVs & Trailers
RVs & Travel Trailers ............ 301-307
AUTOMOTIVE
Campers, Utility Trailers .... 310-313
Antiques/Classic Vehicles ......... 201
Automobiles .................................. 204 REAL ESTATE
SUVs/Trucks .......................... 207-210 Open Houses ................................. 501
4WD .................................................. 213 For Sale ................................... 504-513
Vans .................................................. 216 Lots & Acreage .............................. 516
ATVs/Motorcycles ........................ 219 Income Property .......................... 519
Truck/Auto Parts .......................... 222 Manufactured Homes ................ 522
Detailing ......................................... 225 Commercial Property ................. 525
Tires & Wheels ............................... 228 Real Estate Wanted ..................... 531
104 Special Notices
Treasure Alley
20% off entire store
Black Friday through
Christmas Eve
Vintage, collectibles, art,
clothing and more!
Wednesday-Sunday
11am-5pm
77 11th St, Astoria
Pier 11 Building
107 Public Notices
207 7th St. Astoria, Oregon
(Formerly Coast Rehabilitation
Services)
It is that time of year to clean
out the house before the
holidays. Here is a perfect
solution-Our Thrift Store will
take saleable items
Monday-Saturday
9:30am-5:00pm
We are downtown Astoria at
207 7th St
(503)325-1011
We provide pickup service.
Delivery is also available for a
nominal fee.
Suggestions: Rugs,
furniture, technology,
musical, pictures, lamps,
exercise & sports
equipment, baby items, toys,
clothes, crafts, holiday items,
jewelry, shoes, pots & pans.
Weekly Sales!
Fax:503-861-3476 or
503-674-5100
~www.nwcall.org~
We are a 501(C)(3)
public charity
Serving our community for
over 43 years.
Go.
Do.
coastweekend.com
dining • the arts • music
shopping • museums • classes • movies
gardening • news • blogs • more
The Miles Crossing Sewer
district will be meeting Tuesday
Dec 12th, at 12:00 PM at District
office 34583 Hwy 101 Bus in
Astoria, this meeting is open to
the public.
110 Announcements
Dr. Stephanie White is inviting
you to her practice to receive
the highest quality care for
your dental needs.
Mention this Ad and receive a
Free Electric Toothbrush!
Special applies to new
patients that receive a
comprehensive exam.
We also offer our own
in-house insurance plan
(featured under Ilumitrac, on
our website)
Schedule Today!!
503-738-9273
3965 HWY 101 N.
Gearhart, OR 97138
www.gearhartdentistry.com
Email:
frontdesk@gearhartdentistry.com
Special expires 12/31/17
160 Christmas Trees
Oja’s U-Cut Trees
Nobles, Grands
All Trees $30
Handmade Wreaths!
4 miles from Miles
Crossing
90198 Youngs River Rd
Astoria
Daily:10am-4pm
163 Holiday Bazaars
Rust-N-Ruffles
Holiday Bazaar
December 9th & 10th, 10-3.
A special visit from Santa on
12/10 from noon-2.
91157 Pathfinder Road,
Astoria. Take 202 to
Walluski, Walluski to Labiske,
& Labiske to Pathfinder.
Classified Ads work hard for you!
107 Public Notices
Occasionally other
companies make
telemarketing calls off
classified ads. These
companies are not affiliated
with The Daily Astorian and
customers are under no
obligation to participate.
If you would like to contact
the attorney general or be put
on the do not call list, here
are the links to both of them
Complaint form link:
http://www.doj.state.or.us/
finfraud/
PETS/LIVESTOCK
204 Automobiles
2004 Dodge Intrepid
Runs great, drive anywhere!
$1850/OBO
503-738-6144
301 RVs & Travel
Trailers
2017 Jayco Jay Flight 25-ft
Travel Trailer in Ilwaco.
Literally brand new and never
used. $19,500.
Call 360-642-7116.
WE GETRESULTS
Animal Boarding .......................... 701
Feed-Hay-Grain ............................ 704
Pets & Supplies ............................. 710
Horses & Tack ................................ 713
DANIELLE
MISCELLANEOUS
CALL
TODAY TO PLACE YOUR AD
Fuel, Heating & Firewood ......... 807
Furniture & HH Goods ................ 810
BUSINESS OPPORTUNITIES TV & Electronics ........................... 811
Business Opportunities ............. 643 Antiques & Collectibles ............. 813
Business for Sale .......................... 644 Jewelry ............................................ 814
Arts & Crafts ................................... 816
503-325-3211
or 800-781-3211 x231
Email: classifieds@dailyastorian.com
Web: www.dailyastorian.com
HELP WANTED
Help Wanted .................................. 651 APPLIANCES & EQUIP.
Work Wanted ................................. 652 Tools & Heavy Equipment ........ 851
Lawn & Garden Equipment ...... 854
SERVICES
Appliances ..................................... 860
Childcare/Adult Care .................. 661 Medical Equip. & Supply ........... 866
Services ........................................... 664 Farm Equipment .......................... 923
504 Homes for Sale
Public Hearing
New Patient Special
Thrift Store
Properties for Rent ............. 601-613
Rooms & Roommates................. 616
Commercial Rental ...................... 619
Vacation Rentals .......................... 622
Storage Space ............................... 628
Wanted to Rent ............................ 634
RV/Mobile Home Space ............ 637
PUBLISHER’S NOTICE
All real estate advertising in
this newspaper is subject to
the Fair Housing Act which
makes it illegal to advertise
“Any preference, limitation
or discrimination based on
race, color, religion, sex,
handicap, familial status, or
national origin, or an intention
to make any such preference,
limitation or discrimination.”
Familial status includes
children under the age of 18
living with parents or legal
custodians; pregnant women
and people securing custody
of children under 18. This
newspaper will not knowingly
accept any advertising for
real estate which is in
violation of the law. Our
readers are hereby informed
that all dwellings advertised
in this newspaper are
available on an equal
opportunity basis.
To complain of discrimination
call HUD at 1(800)669-9777.
The toll free telephone
number for the hearing
impaired is 1(800)927-9275.
604 Apartments
Apartment:Large 1,007sf,
riverview 2BD/1BA, ADA,
possible combo live and
work zoned CMU. $1370/MO
harborview@gmail.com
541-953-8383
Seaside: Riverview, 2
bedroom, 1 bath
Washer/dryer, carport.
$875 per month+deposit.
No pets
DNC Rental Properties
(503)791-2855
Astoria, 222 Alameda.
1 bedroom
$650-$700+deposit. Hot
water included.
No pets/smoking.
References.
503-680-4210
613 Houses
Seaside Cottage
Close to town and beach, 1
bedroom+, W/D, fresh interior,
fenced yard, no smoking,
no pets.
$800/month
503-738-2499
Have an item that you would
like to sell for under $1,000?
List it in our Budget Ads! $9
for 3 days in print and online.
Call 503-325-3211
House for Rent in Seaside
2bd/1ba w/laundry room
hookups,fenced yard
$1200/mo
no pets/smoking
First month+deposit
503-690-2840
503-312-9960
THE DEADLINE FOR CLASSIFIED ADS
is 1 p.m. the day before your ad is scheduled to run
631 For Rent
Cannon Beach Ocean Peak.
Versatile 1 bedroom/2
bathroom. Fireplace, deck.
No pets, 1100 sq. ft.,
1-year lease, $1,149/month.
503-260-9700 or
hmpropertygroup@
comcast.net.
651 Help Wanted
Front/Night Auditor
Permanent Full-time
Applications at
Gearhart By The Sea
1157 N. Marion
D.O.E. Drug Test Required.
Crab Shakers
and General Laborers
needed at
Chinook Bell Buoy
Crab Company.
Apply in Person
ARE YOU HARDWORKING,
HONEST, AND LOOKING
FOR A GREAT
OPPORTUNITY?
If you have some knowledge
of cars and desire to learn,
we are looking for potential
techs/trainees.
Call TJ’s Auto Repair
503-861-2886
Call Tim
503-440-8282
PT Receptionist,
20-30HRS a week.
Send resume by mail or Email
2120 Exchange St. Ste 111
Astoria, OR
ROA@urgentcarenwastoria.
com
Custodial/Maintenance
Assistant: Full-time position
with excellent benefits. View
job description/qualifications
and apply on-line at our web
site www.clatsopcc.edu.
Applications must be
submitted by 5 PM on
December 18, 2017. Call the
Office of Human Resources
at Clatsop Community
College 503 338-2406 if
application assistance is
needed.
ODOT is seeking a
Sign Maintenance Specialist to
join our crew in Warrenton. This
position performs any required
manual labor or equipment
operation necessary for the
installation and maintenance of
highway signs.
To learn more, visit
www.odotjobs.com and search
job posting ODOT17-1644oc.
This recruitment closes
12/13/17. Apply Today!
ODOT is an
EEO/AA employer committed to
a diverse workforce!
All classifieds require pre-payment
651 Help Wanted
651 Help Wanted
Tyack Dental Group
seeks full time business office
assistant/data entry.
Housekeepers
Flexible schedule, knowledge
of hotel housekeeping
preferred but not required.
EOE.
Apply in person at the
Cannery Pier Hotel & Spa to
schedule an interview.
The City of Astoria is now
accepting applications for the
full-time position of Police
Officer. Salary Range 29,
$4284.00-5207.23 monthly
with excellent benefits. To
apply and obtain further
information, please go to the
City’s application website at
https://astoria.applicantpool.
com/jobs/.
If you need assistance,
please contact Human
Resources at 503-298-2434
or hr@astoria.or.us.
APPLICATION DEADLINE:
December 15, 2017.
LOOKING FOR VACATION
HOME CLEANERS!
Experience preferred, but we
will train the right person. Must
be detail oriented, able to work
on your own and have
your own vehicle.
Please provide a resume to
Kathy at
164 Sunset Blvd
Cannon Beach.
We will not be
accepting phone inquiries.
Required skills include
excellent multi-tasking, basic
secretarial skills, familiarity
with computer and multi-line
phone, professional
demeanor and great people
skills. Starting pay $15/hour
with merit raises thereafter.
We offer Medical, HSA,
dental, vacation, holiday, and
retirement plan.
Tyack Dental Group
433 30th St.
Astoria, Or 97103
(503)338-6000
tyackdental1@gmail.com
Classic Bodywerks
has openings for qualified
staff. We are a family-owned
business that has been
operating more than 25
years. Immediate openings
are for the following:
•Journeymen-level Body tech
$20 flat rate DOE.
Up to 400+ hrs. available.
•Mid Tech with experience
$12-$17/hr to start.
•Paint Prep Helper pay DOE.
•Detailer/shop helper
pay DOE.
•Experience in collision repair
industry helpful.
•Full-Time position. Please
reply with resume/references.
•Someone willing to follow
oral and written operating
procedures and instructions.
•Team player
•Dependable and reliable
Pay: Dependent upon
experience and certifications
Please apply in person at
34747 Hwy. 101 Business,
Astoria
Mailroom
Local manufacturing
company is seeking full time:
Administrative Assistant
Position will provide clerical
support to sales and
engineering departments.
Ideal candidate will have 2
years of college and/or 2
years experience, strong MS
Office skills with particular
proficiency in Excel, be a
quick learner, versatile and
detail oriented.
Candidates must have valid
driver’s license and pass a
pre-employment drug screen
and background check.
Competitive wage rate DOE.
Apply online
lektro.com/about/careers
or send resume to:
lektro@lektro.com
No Phone Calls Please
Opportunity to work one day
per week in our packaging
and distributing department
at The Daily Astorian. Duties
include using machines to
place inserts into the news-
paper, labeling newspapers
and moving the papers from
the press. Must be able to
regularly lift 40 lbs. in a fast
paced environment. Mechan-
ical aptitude helpful and the
ability to work well with others
is required.
Pre-employment drug test
required.
Pick up an application at
The Daily Astorian
949 Exchange Street
or send resume and letter
of interest to
EO Media Group
PO Box 2048
Salem, OR 97308-2048
or e-mail
hr@eomediagroup.com.