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About East Oregonian : E.O. (Pendleton, OR) 1888-current | View Entire Issue (Jan. 8, 1921)
. f. ,-1- . $350,000.00 dollars worth of the season's newest, smartest, Best merchandise ever brought to Pendleton is being offered at prices that do not near represent their cost to us. Its the grandest oip portunity you've ever had to save on needed apparel. Be among the first as first choosing is always best get what you want before someone else has taken what would have been your choice. , TICKETS ARE ON SALE NOW At our wrapping desk for The Bird of Paradise. BETTER OUTLOOK IN Eepresentative of Overbeck & Cooke Co. Regards Canadian Embargo With. Disfavor as f Shortsighted Move. BY CHARLES C. BttQYYNE (of Overbei-k & Cooke Co.) Contrary ' the exrectatlon of many ho have viewed the xifjation with dire forcbodiiiKx. the new year wa iiehcred in quite auspiciously in the financial and industrial world. The New York Mock exchange and The Chicago Board of Trade, the business pulae of the country, if not of the whole world reflected a decidedly mere cheerful tone and propitious out look for the year 1(21. Ordinarily it is the euHtum of the turn of the year for optimistic utterance to emanate ilI!!!III!I!!!!ll!ll!i!l!ll!!!!lil!H I The 2 Salaries and wages constitute 72 per cent of the expenses of this company. E - Ovt of every dollar spent by the telephone company, 72 cent is turned over to its erftployees in the form of compensation. It is our purpose to retain competent EH aiM experienced employees. An efficient and contented organization is the Sf3 mpin factor in good service. The deficit in earnings which we have experienced in Oregon has been large EE ly augmented by necessary increases to our employees. It will be of interest to our Oregon patrons to know what our increased expense for salaries and wages in Oregon has been since 1916 as shown in one of the exhibits filed with the 5 ' Public Service Commission in connection with our recent application for an in s crease in telephone rates. H Increase in wage of Plant employee, present over 1916 ..$307,000 0 Increase in wages of Traffic (operating) employees, present over 1916 $681,000 Increase ir wanes of Commercial employees, present over 1916 $98,000 U TOTAL ANNUAL INCREASE IN WAGES $1,086,000 U Although these large increases in .wages have been made they represent only E5 approximately a GO per cent increase over pre-war wages, as compared with in J creases of ovtr100 per cent in many trades and occupations requiring no great EE er Pkill or preparation cn the part of the worker. We do not think our em fj ployees' wages should be reduced under presentconditions or under conditions jj now possible to forecast. 1 THE PACIFIC TELEPHONE & TELEGRAPH COMPANY E3 k I II mil from nearly all quarters. During this reason, it has been the style, not with- RCHSHFVtTT APT Tnis sample of a new art In Russia Is a bust of Blanqui." the French revolutionist, by a soviet artist. It -was recently unveiled in Moscow. G Telephone Company and Wages "-"DAILY EAST OREGONIAN, PENDLETON,- CITEOTSrnB! n n III II f 1 (1 1 'l!f'HWWUKIK8tHag!Mul'flHyiu' We Have Ever Held P?atZXCia lit? reuDis 7varenouS( :LH WHEflE out sufficient reason, to dwell on the unfavorable features which have been so thbroughly advertised during recent months. Wholesale cuts in. wages and increase of unemployment and shut ting down of industrial plants and gen eral house-cleaning in the business and financial affairs which was expected to reach a sort of climax at this period, has been cause for considerable alarm. The stock market has been discount ing the approach of the current period of readjustment, months before it was disternable to the untrained observer. Durin? the closing days of the old ear, there were many evidences, that the markets for securities had re sponded fully to all unfavorable fac tors, past, present and prospective. It is proverbial that the Stock market movement forecasts future conditions months in advance with remarkable accuracy. Thjytt-tion of the market recently, cgucciully if the steadily ad vancing tendency is prolonged, arsues well for better things in the business world in the not distant future. Simultaneously, the grain market with the opening of the new year re sponded to recent developments of a constructive nature with a rather spec tacular advance on the Chicago mar ket the first day. Many in the trade helieved that the export demand for AY - 'i,inmumftsinmim ron niriiUiiiitttiRm dJ DEPARTMENT STQ3Z IT PAYS TO TRA wheat would fade away vith the clos- j ing of the year and thereafter the de mand would bo satisfied from the Southern hemisphere. The persist- I ence cf the European demand during Christmas week was a great surprise j to many of the pruphet3. The rc- i newal of export buying this week with largo quantities being worked each t'ay, together with a good revival in the domestice milling demand, neces sitating withdrawing wheat from store for shipment hence, has proved too much fur the bear element. The buying In of hedges as the whea i; moved out together with heavy short covering and many recruits to the bull forces reveals Itself in the recent ac tion of the market. As commented upon in a recent article, the forces ar rayed on tho constructive sido of the market made a determined stand at the $1.50 level, and later events have dciuonstmted the vsdom of the stand taken. Wheat has persistently recov ered from sinking spells, establishing a higher average range of values since reaching the season's low record on Nov. Cth. The heaviest drive hold ers were subjected to come in the Gov ernment crop estimate of December, when the crop figures were increas ed nearly 40,000,000 bushels. This forced a revision of all comparisons of supply and demand, and for a time upset calculations which indicated that our surplus over domestic require ments would reach the vanishing point with tho end of tho year. In the light of recent records of export clearances and fresh sales for export, It will b no surprise if the trade suddenly dis covers that 'vo are oversold, and an actual scarcity develop before the new crop becomes available. " iJevelopments of this nature is more likely to bring back high prices than such artificial methods as tho revival of tho War Fiance Corporation or tlu' proposed embargo or prohibitive tariff apainst Canadian wheat. To say the least, the lutter would be a short-sighted policy. Canada is our best custo mer. The trade balance between this country and Canada is away out of balance. Canada owes us hundreds of millions, and each year the trade bal ance runs millions against that country and in our favor. This cannot go on, j especially if the United States rejects their best efforts to pay up. It Is im possible to make settlement in gold, j Canada onjy asks to pay its debt. Are ' ve cuing to refuse tfte goods in pay ment, and thereby dispense with our BEAUTY WINS -HONOR; BETTY EADEIt Miss Betty Eader. chosen the prettiest girl In the V. 8. Treas-J ury at Washington, won the honor, of christening a. huge oil painting of President Wilson said to be' the largest oil portrait ever made now on exhibition on the south front of Ue tretuwr building. I i : ;n . I. ' t' I j EE I - i EVENING, JANUARY 8, 1021. - - .' ' J 1 DI best customer? This would be follow ed by an enforced curtailment or ces sation of Canadian purchases of mer chandise and machinery and numerous other goods und comoditles from this country. , This would add to the stag nation Which has already "been keenly felt In the United States. Pesldes Canada is sure to retaliate. That coun try is in a position to strike back and strike hard In a commercial way. We are dependent on the Dominion for eighty percent of our news-print paper or paper pulp and a few other vital necessities. TJirents have been made to inpose a heavy export duly on sales to this country. Thousands of news papers would be forced to suspend publication owing to the prohibitive price of paper, ffhey do not ll!tc us as a nation up-there. I'ublic sentiment is very antagonistic toward . America. I.ai'-st developments greatly Intensify the present bitterness, a fact which Is hard to t xpl'n. After nb is on id i nd done, an em 'irirgr against C'im.d -in whe-it would hurt t!te i;. S. more tin any country, is it is doubtful If tne effect on wh-nt would be m- 'c than momentary flur ry in orb -. . an wheat would a-(ain i on'ie i'do ri'Mpetitlon with Am ericar, wheat in f c.sn markets along vi'h '!nt fr n i ihti countries. We What : ! i . !,, .... , r'J W TICKETS ARE ON SALE NOW - At our wrapping desk for The Bird of Paradise. 3'tbl be fie Irsir of , nr best customer at a linn whi n we ooely need foreign tra I? te l.rep the wlutls of Industry torebig We m a!J antagonize our i eaivs neiiib'H'r. i;i'fortunately ill-'ra-adv ai.ta'i. nlstie 'ward us. AERIAL DEFENSE IS . TOKIO'S PET SCHEME TOKIO, Jan. 8. (A. I'.) The navy department has prepared a scheme for aerial defence according to which by March next the Yokonsuka naval port will have B3 seaplanes, 11 bal loons, 11 airplanes and 22 training airplanes. Forty seaplanes will be based at Kure. 62 ut Hnsebo and 100 at Maizurii. Arrangements aro also being made to carry one or two aero planes on each warship attached to the battle fleet. National aeroplane workshops are being established near Hiroshima and large - training nero aerodramo will be located at Lake Kasumiguara, a large Inland lagoon about 30 miles from Toklo. Training will be commenced here, when the Hnglish n.'U'al instructors from Eng land arrive next spring. Would Happen to You? b' IF SIGNS were nailed over the , doors of only half of our Ore- gon factories, reading: . ' "Closed-No Business" ' How would it affect your affairs ; your, prosperity and that of 'i your friends? The unemployed problem is one that the entire world faces today. You can minimize it in Oregon you can begin today. BUY OREGON PRODUCTS ABHOCIATED INDISTUIIiS OF OltKOON TWELVE PACES , WASHI.VGTOX, Jan. I. (A. !'.) I'libltcity of official coal cost data to bo collected .through the fedeml Uudo commission as a 'means of keeping down charges to the consumer will be proposed by the senate reconstruction committee following Its Investigation Into the roal cituatiiin. It nraa said to day by Chairman Caldert.' . The committee has gone over the subject with Federal Trade Commis sioner Houston and U t expected that the bill will be ready for Introduction next week. ., YAKIMA 1'AVI.YG TO PKOCKKU YAK7.MA, Wash., Jan. . (A. P.) Primarily to nrovlde work for the un employed hcrp, the Yakima city gov ernment has let paving contracts amounting to upwards to $150,000, the work to be started Immediately, It is estimated approximately $75,000 of this amount will be paid out for labor slnne. ... k. . 1 1 V-1 iiiioiiininiiiiiiiiiiiiiiiipi HI!!!! :!!l!!!li!!!lll!li!!i!