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About East Oregonian : E.O. (Pendleton, OR) 1888-current | View Entire Issue (Dec. 31, 1920)
1 t V ' DAILY EAST OREGONIAN, PENDLETON, OREGON, FRIDAY EVENING, DECEMBER 31, 1020. TEN PAGES TkCZ TEN UirrBURSJS PE EYERETT TRUE DAILY MARKET NEWS, LOCAL. AND GENERAL NOW, 'DON'T A IVOR.O TO ANYOODY Including Pendleton Prices and Associated Press Reports I've tov-o IT tO- r r" Transports t km Shows a Gain in WiK k Market Mmi-lmlit. NEW TO UK, Dec Jl. Transporta t'on shares were again the conspieu cua feat urea of the Irregular stock market Thursday, although the move ment In that group lacked much of the confident accumulation and resiliency .f the preceding session. Thia may have been due tn a mea sure .to the el ratio and occasionally heavy course of auch issues as Atlan tic iuf and Crucible Steel, although Crucible recovered in the later dcaW Several other shipping Here under Intermittent pressure, presumably a r remit of further selling- to adjust the year's tax payments, but such of ferings were relatively small. Fundamental or basic conditions, tn tlielr explication to trade and Indus try were unaltered. The day's budget cf news repeated the old story of curtailed production, lower commodity ptivea and Increase ot unemployment The money market followed Its re cei.t monotonous course, call loans holding at 7 per cent with virtually no offerings of time funds. Dealings in foreign exchange were negligible and the only International development tt financial interest was the low point of the Pank of England's liability reserves. Price inovements ir. the stock mar Gulf continued to sink, making a net less of 8 f.-S. On the other hand American Inter national closed at a gain of S M-l, New York Air Brake threo and lead ing ruLbcr issues two to almost three p! .is. Leaders of the steel, equipment and oil divisions finished at variable re cessio:!, excepting United States Steel, wii'.ch gamed almost one point. scales amounted to 1,000,000 shares Trading In bonds was very extensive, i appr-iMinntlng the largest turnover of the year, Hallway convertible issues cf the better known variety were in favor at r.ibstumlal gains, but liberty bcnd ard Industrials were easier. To tal sales, par value, 136.900,000. Domestic Millhuc Demands Put Wheat Vp Higher. CHICAGO, Dec. SI. Wheat prices climbed Thursday to the highest point reached In the last three weeks. Im proved domestio milling demand was the chief bullish factor. The closing, however, was weak, l-"2c net lower to 1 l-2c advance with March 1.66 1-2 to 1.66 3-4 and May 1.61 to 1.61 1-4. Corn finished 1-2 to 2c down; oats off 1-8 to 5-8c and provisions at a set back of E to 12c. Notwithstanding some hesitancy due to adverse industrial develop- attractcd notice, as opinions were cur rent that flour stocks were low and that the bulk ot wheat accumulations at present In sight are owned toy ex porters. The advance in wheat prices, though, brought about attempts to realise profits. Late selling pressure was Induced also by the beurlsh show ing of the bank of England weekly statement and by ten million bushels Increase of the estimated exportable surplus of wheat in Argentina. Month end liquidation weakened corn and oats after a moderate upturn had taken place in sympathy with the wheat bulye. iVsT-iT" ivw ii,vtiiiv,iuo uic v iv aims -i iitiiio, uuna ovuil vuviv vuiivi ui VI, liic ket were more confusing In the last. 1 wheat market and held away until rails such as Beading and Northern near the end of the session. Signs of 1-ncifie reacting ehnrply and Atlantic Increased call from milling Interests Been Hundred Twenty-One Wc herewith wish you all much prosperity and pro grew in 1921 and a great measure or Health and bap. pines. We believe fat sentiment in business not the intMiU kind but sturdy friendly sentiment. We bono to make tills friendly feeling work to your advantage; your nicccss will nie&n our success. Your business and your co-operation hare' contribut ed greatly to the progress of this bank.. The rectmi inendations of our friends have brought us many new accounts. We wish to Uiank yon for such co-opcra-Uou which we shall always endeavor to merit. Pendleton. Oregon, 'Strongest Sank in Gastern Oregon Hogs and Cattle Absent With Tone for Jioth (iood. SEATTLE, Dec. St. Hogs Re ceipts none. Stronger. Prime 10.50 4)12; smooth heavies $.50 10.50; rough heavies 7. 50 ti 8.00; pigs 8.501r 10. Cattle Receipts none, ' Steady. Prime steers 8.50(u9; medium to choice 7GI8; common to good 5 6.50; test cqws and heifer 6.3 fu 6.75; in dlum to choice 5.006.00; common to good 3.50 4j 5 ; bulls 4.005.50; calves 6013. While extending to you the old, old wish that you may enjoy a Happy New Year, we take this occasion to express our appreciation of' your friendship" and the opporfunifyHto serve yoU'ak ways. Jim Beard Standing at the pinacle of the year, looking back upon what success has been achieved, we cannot help feeling grateful for the hearty support given by our friends the local households. And looking ahead toward the year just appear ing on the horizon, may we hope for a continuation of that support which not only will prove of mutual advantage, but will make for an ever greater success in the New Year. With these thoughts uppermost in mind, we can meaningly wish you A HAPPY AND PROSPEROUS NEW YEAR Cruikshank& Hampton Steers Bring lToiniiun at Kansas fitly; Others Steady. KANSAS CITIf, Dec. SI. (A. P.) Cattle 2300; beef steers, strong to 75 higher; top load 9; stackers steady to weak; heavy Nebraska cows 7.00; good heifers 66.75fi'7.00; canners mostly S.00& 3.25: calves steady to 50c I higher; top vealers 12; bulk choice kinds 114)' 1.50; all other classes steady. Sheep 2700; sheep and lambs steady; 85-pound fed Iambs 11.25; 86 pound yearlings 8.75. Alfalfa Reduced $2 Ton ' In Seattlo Feed Market. SEATTLE, Dec. 31. City delivery: Feed Scratch feed 162 ton; feed wheat S663; all grain chop $52; oats 849; sprouting oats $54; rolled oats 854; rolled oats $51; whole corn $49; cracked corn $51; rolled barley $51; clipped barley $56; milled feed $39; bran $39. Hay Alfalfa $27 ton; double com pressed alfalfa $32; ditto timothy $38; eastern Washington mixed $35. Eggs and Butter Prices SEATTLE, Dec. 31. Eggs Select local ranch, white shells 68; pullets 50c. Butter Creamery in cubes 52: bricks or prints 53; seconds In cubes 46; bricks 47; country creamery extras cost to Jobbers in cubes SO; storage 47. Butto Firm, Eggs Weak, Cheese Steadier at New York. NEW YORK, Dec. 31. Butter firm: creamery higher tha nextras 57 1-2 58; extra 57; first 448 55 1-2. Eggs weak; fresh gathered extra firsts T677; ditto first 73 73. Cheese steadier. Unchanged. TAXPAYERS MAY CHOOSE WASHINGTON, Dec. 31. (A. P.) Taxpayers required to make Inventor ies for 1920 may adopt the basis of "cost or market, whichever is the low est," under regulations just made by tho internal revenue bureau. . PIOXERK BANKER IS DEAD SALEM, Dec. 31. A. p.) John H. Albert, pioneer and good roads ad vocate, died at his home here Thursday. MEUa SMITH. MISTER. BteotwM HA 5 JUST NOW I'M CiOING CO TEI.1. ii t- wu wo wit. ALONG., fCC?Wi H I TlAU" STVFr TO HAlV Ttv TIMS T oc -cocci w2 "conpidgw y7 - r i PAUfS, Dec 31. (A. P.) While tho French people have their worries, yet they will begin the new year im mensely more confident than they be gan 1920 because of the extraordinar ily good crops, progress in restoring the ruined departments of the north, a plentiful supply of coal and the pros pect a year hence of having the period of military service reduced from three years to 18 months. i Two foreign questions are likely to give constant concern to tho govern ment throughout the coming year. They are the payment of reparations by .Germany, and the war with Turk ish nationalists over the Syrian and Cilician mandates. Then also, there should no longer be asked. The mer chants, habituated to largo profits, re fuse to reduce them. Consequently, prices remain high and buyers arc scarce. Meantime, the banks are I in patient under repeated demands from large holders of merchandise for re nowals of their securities. The new year opens with unemploy ment Increasing daily. It has been causing much concern since October and now has reached a volume which officials agree calls for Immediate ef fective measures. Three hundred thousand workers now are idle in France, nearly 100,000 of whom are in Paris, according to figures an nounced by the minister of public works. Cabinet Considers VnompkiyjiicnL The metal industries, tho leather trade, manufacture of textiles and' clothing and automobiles were the first to suffer in Northern France, the Loire valley and Paris and vicinity. T) ......... 1.. . I. .. ..Ml. KAAn.v.A n are the eneral questions of the future J , T a ,1 , - - , ,fc , ... . , ,., fected and there are 8000 workers Idle of the Versailles peace treaty, the league of nations and the many issues growing out of the peace conference, in all of which France has a very deep concern In what the coming year will bring forth. It C U.tn Deadlock.' Tho struggle over tho high cost of living receives a large share of pub lic attention. Resistance of merchants and manufacturers to consumers' de mands for lower prices has resulted in something like a deadlock. The buyers abstain from making purchases because they fcol that war prices at Lyons, alone, while the perfumery distilleries around Paris are working three days a week. Some of the large department stores in Paris have asked for extended cred its. The Industry suffering most is the leather trade, nearly half the hands ordinarily employed being out of work. Eight thousand shoemakers at Limoges alone are Idle. The question of unemployment Is being considered by the cabinet, and is to be debated in the chamber of deputies. SUPERS OF 1920 u tWc Csr a7 Ftp JFtF I K -M Vt iSvH V ted irHA ' - Ul - - l f S V3s,n; "jack I ' 'J k DMPSY i r? ) y V j mx?s mi k , w ' .f CUSS. . V ETHEL.DA m .k --a i.A A iha .nnw wnrM Thev all earned tbeir title tn itift except Jack Dempwy. tha he.rywelLt champ, who hai successfully 'ennd r defend hTi ' S.ba Rut', hat is on tight and is likely to be for several years yet. Ted Ray tnay hw ' ; olf tiUa. He' getting old. Man o' War hat nc more worlds to conqner. great nor naa araad error 24,000 for hi. owner. Samuel D, R.ddlo. UlM Ethclda BfclMW lionlr II I Jtt Btia ought to maka mora worit la 1MI. Your friendship and patronage has helped us to close a prosperous 1920. , May the coming year bring you great success and ambitions realized. Sanitary Grocery IE FIRST tlATIHL Bl of Pendleton TEDEBM. HrREBVrJ BfcSYSTEMfiS Off ere an unexcelled banking service to in dividuals and corporations; transacts a general banking business and maintains special departments with facilities of the highest character. PENDLETON, OREGON WHEN YOU THINK OF New Year's GREETINGS THINK OF Forshaw "Say It With Flo wers Dr. Lynn K. Blakcslee Chronlo and Narroui DUeaaea aaj Oiisasn c Woman. X-Ray EUaotro Therapeutloa, remple Bldg. IUmsi II Fhoaa 41 STOP AT WHITE'S DOUGHNUT LUNCH 609 Main Street See as make douclumts like Imotltcr usl to make. Take dozen hot ones home. Try our lioino made pie or fresh doughnuts with a cup ' good coffee scrcd at tho coun ter. Open from 7 a. m. to . ,12 p.m. Sundays 10 a. m. to 12 p. m. 'WiiisjiiflaiiBtiiiiiiiTiinttiiiifMita Business men are large employers v-f motor cars. , The importance of their transportation lead3 them to choose" a car that meets every demand leads them to choose Buick. The comfortable rid ing qualities of the new Buick Nineteen Twenty One cars likewise make them ideal for hours of recreation. ' : -: : ' Authorized Buick Service is everywhere available.- . , . . ill i i IB II II 111 1 j Diatribulon BUICK, CADILLAC AND CHEVROLET i il . i; itrinttt!!ffiar1tlrttfWI(lt(rrfinnitffJltfltltf Oregon Motor Garage . 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