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$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
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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
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1
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'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.
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1
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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.
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