PAGE TWELVE
DAILY EAST 0REG0N1AN, PENDLETON, OREGON, SATURDAY EVENING, JANUARY 8, 1021.
TWELVE PAGES
w - - w
DAILY MARKET NEWS,, LOCAL AND GENERAL
Including Pendleton, Prices and Associated Press Reports
l.ime Oimmodlty lrkv
Npntrnlliod hjr I nt'inplnynii'iit.
NfcW VuiLK, Jan. S. The (Mock
market today inn do numerous addi
tions to gain of the previous session,
but the greater part of the activity and
rtrcnglh reposed In issue of a specu
latlve character, seasoned sharr-s scor
ing comparatively Kmall advances.
Sentiment among traders and the, pro
fessional element continued to be in
fluenced In larire measure hy the tran
sition now under way in commerce
mid Industry. Lower commodity
prices, It was argued, however, are
Icing neutralized by the reduction of
buying power, due to an increase of
unemployment.
Transactions in stocks were the lar
gest of any day of the new year, but
almost one third of the turnover con
centrated In steels and equipments,
motors, oils, textiles and leathers.
There was a steady inquiry for U. S.
Steel at a net (rain of 1 1-4 points, al
thoiiKh forecasts of the corporation's
December unfilled tonnage to be ls
ued next Monday, indicate another
levere shrinkage of bookings. I
Final prices showed gains of 1 to 6
points for criicihie and vanadium
neels, ltnldwin Ixoomotive, Mexican
! Petroleum, American Woolen, Ameri
can International nnd International
I Paper, rails making only trivial
' changes, either way. I. S. Rubber,
Uoyal Dutch and C5encral A,spgalt re
I corded nominal, losses. Sales aggre
gated 1,133.1,000 shares.
I Although Interior tanks supplcmcnt
cd the local supply of funds, call and
time money rates were unaltered,
j Further confusion was manifested by
the foreign exchange market, sterling
rate, while Italian and Spanish remit
tances eased.
Liberty issues were again the con
spicous feature of tho bond market,
that entire group, excepting the first
second 4 l-4s rising appreciably, con
vertible rails and foreign issues also
were strong. Total sales par value
were 117,175,000.
Old U. S. bonds were unchanged on
call.
WlH-at Vmlonroctt Sotliack
Owing to Foreign Surplus. .
CHICAGO, Jan. 8. Wheat under
went a setback In price Friday, owing
more or less to estimates that the Ar
gentine and Australian exportable sur-
J. Pierpont Morgan Said:
"A small bank account pays a lanre ilivMeiiil so
cially In addition to Its steady financial returns."
lie. with money in the bank, is a better man. He
lias the courage to say "no" to tcmtKcrs he has tho
firmness to deny himself luxuries he has the met
tle to work (Hit Ills own ways.
We open accounts here every ilay, for many peo
ple, ami wc will gladly do so for you. Takes one dol
lar or more to begin with.
The AmencanNational Bank
Pendleton. Oregon.
'Strongest Bank in Gastern Oregon"
plus would total 201,000 000 bushels.
The market closed unsettled 1 3-4 to
2 3-4 centa net lower with March
1.71 3-4 to 1.72 and May 1,64 S-4 to
l.S.1.
Corn lost'1-2 to 7-8e and oats 1-2 to
In provisions the outcome was a
gain of 12 to 30c.
Inasmuch as figures heretofore
available put the Argentine-Australian
surplus at only 228,000,000 bushels
the new estimate gave a decided ad.
vantage to the bears In the wheat mar
ket. Moreover, a largo part of the
, short Interest had been eliminated
during yesterday's sudden bulge and
j there was consequently a notable lack
or one of the usual props to values. On
,the declines, the fact became apparent
that considerable new export business
had developed. Country offerings :,
the southwest though were reported
heavier and it was said that improve
ment in the flour trade continued to
lag. Under such circumstances the
undertone was rather heavy the great
er part of the day, despite continued
alertness In regard to tariff news from
Washington.
. Corn and oats sympathized with the
wheat setback but buying of corn for
a large interest tended later to check
the downturns.
Provisions were depressed at times
with grain but finally became more
responsive to higher quotations on
hogs.
OUTBURSTS t)E EVERETT TRUE
I rONVT KMOV tVHt5TH5r? You TWO SCVTCe
New hAvc. mct eepORe ort mot,
fHisTCjre Treoe, this is H
Ji
rjnri;mfr
Wool Demand Ijcms Thfs Week
Tendency to liaise Prlivs
BOSTOX, Jan. 8. The Commercial
Bulletin said:
"The demand for wool has been less
keen this week, although them i
modest weight of wool moving more
or less regularly. Prices are fully firm
as compared with a week nirn unit the
tendency is to raise the prices at the
moment, especially in view of the im
proved outlook for tariff enactment.
"There is little apparent change in
the manufacturing Mituntinn ,,r,ow-
ployment being heavy. There is agen
eral feeling, however, that with lower
wages in effect, the situation Is fun
damentally sound."
Scoured basis: Terns tin i,
months, 7a 80c; fine, 8 months, 550
60.
California, northern. TSffiSOo- mill.
die county, 75; southern, 55.
Oregon, eastern n. 1 .tiinln on
eastern clothing, 60ffi65; valley, Nbo.
i. 60.
Territorv. fine stnnle. rholee SflflV.
S3; half blood, combing, 6fi(H'75: 3-8
blood combing, 50i55; 1-4 blood
combing, 40S 43; fine clothing, 63;
tine meuium, 55 si 60c.
Pulled, Delaine, 83; A. A. 77, A. So
pers. BOlf KOe.
Mohair, best combing, 30 32; best
oaramg, 25l?f37.
What Is the
Secret of Long Life
In a Tire, Anyhow?
It's the tread and here is the reason :
The tread of your tire is the part that takes all
the wear, soaks up the road shock and keeps the
bumps away from the fabric.
Entirely reasonable then that it should be broad
and thick, isn't it?
That's the idea back of the Super Tread Tire. It's
important and it means a lot more mile3 to you.
Gertson & Marty
639 Cottonwood Street Phone 59S
IIok Prices Steady;
Steers from $8.75 to $9.25.
SEATTLE. Jan. 8. Hogs Receipts
none. Steady. Prime 12fffl2.50
smooth heavies lla i2; rough heavies
9 to 9.50; pigs 9 11.
Cattle Receipts none. Steady
Prime steers 8. 73 9.25; medium to
choice 7fr8. 25; common to good 6iS
j 7; best cows and heifers 7 ft 7.50; me
dium to choice 5.506.50; common
to good 4.00fi5.50; bulls 4.O0I&6.O0;
calves 7.00 m 13.00.
-JlllllllllllllllllllllJIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII!illlllllllllllllllllll!i
I Closing Out Our
Entire Line of I
Phonographs
COLUMBIA
I Graphonolas
j In all styles and finishes
S Evprv one must sro. Take advantage of this special
s offer while they last.
Regular $275.00 Columbia - $175.00 S
5 Regular $140.00 Columbia $85.00
5 Regular $120.00 Columbia - $65.00 5
Regular $75.00 Columbia :.- $45.00
Our entire stock of records is included in this closing
out Bade. E
Seven $1.00 Record for $5.00
TERMS CASH ONLY
Cruikshank & Hampton f
1 QUALITY COUNTS
124-128 E. Webb St Phone 548
'7,i:tll!l!!llll!!!!!l!l!!!l!l!!l!!l!r1llll!!Mll!l!!l l!MIIIII!!lllllllll!lll!IIUI!!!!!l!!!ini!lia
Cattle Higher in Kan-ns City;
Sheep and Ijuiil. Ascend.
KANSAS friTH -Ian g fuftla Silfl
beef steers unevenly hlirher wilen 7 ftft
I Oil bk. ... i. .
higher; heavy cons 7:15; fair heifers
7; mixed yearlings 8ft8.25; all otht
classes steady; few choice vealers
12&12.25.
Sheep 2.700; sheep steady to 25c
nigner; best ewes 4.50; wethers 6.00
lambs mostly 25c higher; Coloradi
pea fed 11.00; market closing weak.
Trade World Optiml-tic
Increased Cheerfulness Evident
-NEW YORK, Jan. 8. Bradstreet's
today will say:
With inventories, which because of
the drastic price declines of 1920, have
required more than ordinary care and
thought, out of the way, trade world
hay turned to the work of getting new
business in a more cheerful tone of
mind and with rather better results
than might some time ago have been
expected. In some cases the Increas
ed cheerfulness manifested is more a
matter of tone than of actually en
larged operations, but In others and,
in fact in a majority of Instances
something like actual progress is dis
cernible. For one thing, wholesale
trade In drygoods, more especially cot
tons, but also in silks has expended in
quite a few primary markets, the result
partly of retailers replenishing deplet
ed stocks, partly of recent deep cuts,
HE HAS TV0 HOMES
It
rRlCNSt.Y ONTIU HB FDUNt OUT H5 CootXrt'T
5sc- tie Ahti co-i BRe.s, anv siNcfe thcm
1 cook uice rwrtJCTDY etas TO HIM BUT ivvs
OCD Tlwe'S
Z?ijr n I
especially in colored cottons, havlntr
brought out more confident buying,
nllicit in small lots and for Immediate
delivery and partly because of the
".rowth of tho belief that these last cuts
rave gone the limit and . that lower
prices are not to be expected. Weekly
bank clearings $8,480,152,000.
E
Seattle Feed Market Range ' '
Is From to $63 per Ton.
SEATTLE. Jan. 8. City delivery
Feed Scratch feed J62 ton; feed
wheat S63; all grain chop $52: oats
$49; sprouting oats $54; rolled oats
$51: whole corn $49; cracked corn
$551; rolled barley $51; clipped bar
ley $56; milled feed $39; bran $39.
Hay Alfalfa $30 ton; double "com
pressed alfalfa $35; ditto timothy $40;
eastern Washington mixed $29.
Best Kicks 31 Cents.
Butler S9 to 50 Cent.. -1
SEATTLE. Jan. 8. Eggs Select lo
cal ranch, white shells 54c; pullets
50c. .
Butter City creamers' in cubes 49c;
bricks or prints 50c; seconds In cubes
39c; bricks 40c; country creamery ex
tras cost to Jobbers in cubes 43c;
storage nominal. "' , .
WASHINGTON. Jan. &.-.!.'. P.)-
Amerlcan oil should ,be denied to
Britain until the I'nlted Mate If
filven an even break in the Mesopo
tamia and other British oil fields.
Senator McKellar declared in the sen
ate. He urged the passage of his bill
Cutting off American oil to any na
tion that maintains a policy of
"closed door" to Its oil fields.
Phone 871
'for the best of table supplies at the
lowest of prices
Extra Fancy Comb Honey, 2 for 75c
Pure Extracted Honey, jars 50c, 90c and $1.75
Tru Blu Fancy Assorted Cookies, pound 50c
Extra Fine Mince Meat, pound 35c
Fresh Ranch Eggs, dozen- : 65c
Fresh Country Uutter, 2 pounds $1.10
, Everything Obtainable in Fresh Fruits and
Vegetables.
The . Sanitary Grocery
221 East Court Street
The Most in Value The Best in Quality
rhone 871
FILIPINOS WILL FLY
IN FIVE AERIAL BOATS
wisuiNOTON. Jan. S. (A. P.)
v.. .,..i.,i mull imr! iiHjwemrrr service
is to be established between Manila
and the other principal ports or tne
pi.tiiiminn islands, it was nnnounceii
here today. To inaugurate this ser
vice, the Huron ii of Insular Affairs
h, nurrhased five flying boats from
the navy department. Tho flying per
sonnel will consist of thirty i-miip-
i,ino Nntlmial Ouard officers. I nc
service Is expected to start soon after
tbe first of next year.
APPLY rolt WATCH
TO IKIUUATK I...M
I MAIJIl l H MU XTY
PAI.KM, Jan. 8. Application for
ihn mmrmirintion of 12 second feet of
water from Pnnke river for tho Irriga
tion of 926 acre of land In Malheur
county has been filed with Htate Engl
neer Cupper by the Ontarlo-Nyssa Ir
rigation company of Ontario. No new
construction work Is contemplated In
the appropriation of thia water) It be
ing understood here that the develop-'
ment work on the project is lurgely
completed;
Other applications for watec rights
havo been filed as follows;
Hy J. H. Freeman of Graiulvlrw,
covering the appropriation of water
from a spring for domestic water sup
ply at Jefferson.
By J. W. Thompson of Camas val
ley, covering the appropriation of wa
ter from an unnamed stream for do
mestic and Irrigation purposes "-In
Douglas county.
By Ames Krwln of Pnrkdale, cover
ing tho appropriation of water from
Ash creek for Irrigation of 20 acres In'
llod Hlver county.
Sail Francis-o HHiils
Totaled I-'or Week
SAN FRANCI.SOO, Jan. . Receipts
Flour 2562 ipir.; wheat 1730 centals:
barley 8095 centals; beans 1715 sacks;
corn 75 centals; potatoes 711 sacks;
onions 10 sacks; livestock 1024 head;
hides 3321 rolls; lemons and oranges
60-1 boxes.
LUMBER MEN WANT
OTHER BUILDING
COSTS DOWN ALSO
EDMONTON, Alta. It is estimat
ed by the Department of Agriculture
that the potato yield in Alberta this
year will total 7,500,000 bushels.
CHICAGO, Jan. 8. (A. IM A na
tional campaign to reduce building
costs was launched by lumber manu
facturers at a meeting today.
"Lumber has come down in pricf
an average of 30 per cent," said H. B.
Goodman of Marinette, Wis., chair
man. "The lumber Industry has ab
sorbed Its war Inflations and wc feel
it lc np to other building commodities
to follow. Lumber represents onl
about 30 per cent of the cost of Hie
average building and not more than 3r.
per cent of the cost of a wooden build
ing.". Plans were made for calling repre
sentatives of the brick, cement, tile
roofing and plumbing industries into
conference. An advertising campaign
nlsn advocated.
GAR DIN UK BOTSKOHD
Gardiner Botsford, aged 3. will
live six months of every year with;
bis father. A. M. BoUford, for-,
merly so actor of note, and the!
other six months with his moth-'
sr. now the wife oZ Bctsford't best
frtoDd. When Botsford learned
bis wffe loved his friend, Raoul
riefschmann, he refused to stand
In the way of her happiness. She
went to Reno, cot s dirorce, and
married Flelsebmann, who had
been BoUford's college chum and
ben man at the Botsford wed
The new series," five-passenger
"Glenbrook" model is a six cylin
der gasoline car but it rides with
the smoothness of an electric.
The impulses merge into a con
tinuous flow of power that is
almost magic in its effect.
From 5 to 25 miles per hour in
9 seconds flat that is standard
performance, and a clear index
of giant energy.
Take just one ride. It will prove
a revelation so far as luxurious
motoring i3 concerned.
A'inm"i-VT ftur fumpr Sport Moid HK.i. DHrmt
1m M-if" tUUtttr Jm " UfMfW . . , mf.t I. trim
Cnf't-if Fmu fuHlfr ........ nttf.t.. DM
lit --4j" rm rum. ... I
Alt mUt wiS W kUM al AvU
mebiU Show imnrnflHWI 114 Mwiirf
PAIGE-DETROIT MOTOR CAR CO.. DETROIT
0. E. HOLDMAN AUTO CO.
Phone 4ti ..
28 Price
Reduction
Effective January 1st, the price is re
duced 28 per cent on all automobile
starting and lightiny types of
1 rk'
BATTERIES
The quality remains the same, giving
you the maximum combination of
power, dependability, and long life.
Simpson Auto Co.
- Pendleton, Oregon
Thone 408 Water and Johnson Sts.
THE "MOST ' B T ATI T I FU VC&Kf IXVXWTEICR
THE MORE CAREFUL YOU ARE
TO BUY THE BEST COAL, THE
MORE CERTAIN YOU WILL BE TO
BUY
mm
Phone 178
SMYTHE-LONERGAN CO
Qil"ty JmtiU Sf'u
,,mnitnmt"ti