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About East Oregonian : E.O. (Pendleton, OR) 1888-current | View Entire Issue (Feb. 10, 1921)
PAGE TO DAILY EAST OREGONIAN, PENDLETON, OREGON, THURSDAY EVENING, FEBRUARY t, 1921. DAILY MARKET NEWS, LOCAL AND GENERAL Including Pendleton Prices and Associated Press Reports MIHt, Milling S.fl3.10. MAN FnANCI.SCO, Fob. 10. -Receipts: Flour 4.970 quarters; wheal Idoi) centals; barley 5,806 centals; barley 6, 804 centals; beans Sl nek: corn 1,3.13 contain; potatoes I, $90 sacks; hay 140 tons; livestock 240 head; hides 4! roll. Wheat Milling J.JOffJ.lO; barley shipping 1.45 1.65; feed 1.25 1.35, Avtcadoea (.06 (i 6.00. Itffll rei 32 34c; tube I loiter 44c. SEATTLE, Feb. 1 fl.Eggs Select local ranch white ahelli 12 ir 34c; dlt to mixed colors 33c; pullets 28c, Butler City creamery in cubes 44c bricks or prints 45c; seconds In cubes 41kj bricks 42c; country creamery ex tras cost to Jobbers in cubes 41c; sto rage nominal. Ut W TYPE OF TIARA w ram -v. STRENGTH AND ACTION La rue; A Bw ttjrle of Jeweled head yMs worn by Grace La Rue. who H co-starring with Hale Hamilton "Dear Me." anew Broadway Way. btda fair to be copied Mora ftMrthful looking than thi conven tional tiara. It rives the format teach of eleganca to a eostumo NEW YORK. Feb. 10. (A. P.) The stock market today fulfilled In moderate measure Its promise of greater strength anil activity, as indi cated by the vigorous rebound late yesterday. Aside from relaxation of rates for call m.mey, no visible change occur red m tl.e factors which have h.sld the market in check. There was a feel ing In speculative quarters, however. that technical conditions temporarily tavorcd I ho longs. Adoption of the Wlnslow bill by the house, implying partial compensation of clain-a by the railroads against the government, failed to stimulate more than an intermittent inquiry for rep resentative transportation shares. Cumulative signs that the ateel Indus try is near a pr.ee readjustment gave impetus to issues of that character, In cluding railway equipments, iut im provement in those shares was vari able and hesitant at best. As a group, oils again monopolized the fculk of speculative attention. I'ools were active in General Asphalt, Mexican Petroleum and kindred shares, further downward revision of prices for the raw and refined pro ducts evidently being interpeted as bull sh influences. Highest pices were recorded in the final hour, but tre market reversed at the first indications of profit taking in such issues as Crucible Steel and Mexican Petroleum, an easy tone rul ing at the close. Sales 450,000 shares. All call loans were mads at seven per cent, the low est rniform rate In many weeks. Foreign exchange was confused, dealers reporting little business save in sterling and French francs. Liberty issues and the bond market eased variably on very small dealings,' new offerings reacting, Sales par value, $9,125,000. Hoga Steady Cattle. Weak. SEATTLE, Feb. 10. Hogs Re ceipu 83. Steady. Prima lift 11 fio medium heavies lO&'ll; rouh hcav ies S0S.6O; piss 9.00 it 11. v-auie tieceipta none. . Weak .....,, n o.,as.2b; medium to .noiee T.UUW7.25; common to good 3.00ft 7.00; best cows and heifers .vutsM.tu; medium to choice 8.60 s.su. common to good 4.00 5.50; balls caives, iight 114,12.50 heavy 8.0007.00. AID TILLERS OF SOIL Seattle Feed Range (71 to $37. 1 ' SEATTLE, Feb. 10. City delivery FeedScratch feed 158 ton; baby scratch feed $71; feed wheat 364; all grain chop $48; oats $46; rolled oats $49; sprouting oats 151; rolled barley 147; clipped barley 152; milled feed $39: bran $37; whole corn $40; crack' ed corn $42. liny Alfalfa $27 ton; double conr preswd alfalfa $33; ditto timothy $38 eastern Washington mixed $34; straw $20; Puget Sound 331, -mmlf?" OUTBURSTS OF EVERETT TRUE oh, Necco, eveTTl I t0 ?U S.SC5 N THS MPCR THAT YOUR. OLD M?.ICNO SMITH KlCKe his., Feb. 10. (A. P.) rcuerui reserve paper with a nine months or twelve months period of maturity would greatly assist the rarmer and overcome to a great tent the predicament the toilers'" of uie son rind themselves in at the present time, according to A. F. l.v. er, member of the Federal Farm Loan Board who addressed the Marketing vumerence nere today. The question uppermost in the minds of farmers is what happened to bring about the present situation." said Mr. Lever. "What has accurea to Justify a slump In prices of farm products ranging from 50 per cent to tuo per cent within a period of 12 months?. "Certainly there are no less mouths to feed now. The yield for 1920 was not unusually! 'The starving children of America need your wheat and corn and live stock, but they have nothing with which to pay for it. The domestic consumer of farm products is on a buyers' strike. He is refusing to buy at the exorbitant prices demanded by some retailers, except as he must buy to meet immediate needs. Tndrnstrics Dancing Hesitation "The domestic manufacturer, the wholesaler and thA tnhher hni,a of the uncertainty of 'the price oflnls eredit problem, we must provide A KICK U.C RifcHT, L 1 nnkicx" I OUT VT'5 VS.V Poor 1 U0NCK,, TASTS TO OSes. x vwpcd -7 -CLs Biiitin'ii' rr TEN PAGES the world at the immediate demands of the world call for them. The de vising of such credit machinery . wU enable the farmer to market hls proaucta In a sane and orderly way. The banker thinks In the nsvrho- gy of a quickly maturing tint.. The turn over of the capital invest ment of the farmer is once In 365 days. A paper, therefore, with mat urity of only sixty or ninety dv. certainly, in times of financial stress when money is hard to get. is of lit tle value to him. If we are to solve litsii Its To Clock StnKes Two In the middle of the nlxht, srhen most people are fat asleep, when even the watch doe; is snoozing soundly, don't think that Mr. Robber is also asleep. Mo&t likely he is prowling around somewhere, for lie makes that Ids business. Your busiiims is to use all safeguards whk h are at yoar (WtpoaaL For your valuable Instrumenta, deeds, ' leases, tax receipts, polk-les. notes, etc a safety de posit box in the fire and burglar proof vault at this hank makes a very secure storage place. Come in ami let our Custodian show you. PenrHe ton. Oregon. 'Strongest Bemk'in Gastern Oregon' VIlIilllflltllltlllllllUHllIIIUilllllllllllllllUllllIIlJIEHIIIlIIIIIIflimillllllHIIIIIlIllIllt's I Special Glean-Up f 5 on the Following I Small Ruga Proportionately Priced 9x12 Axminster, 1921 price . $45.00 9x12 Grass Rug, 1921 price ... $13.50 9x12 Wilton Rug, 1921 price ... ..,...$72.50 Good Grade Selling odds and ends in dishes, cups and saucers, per dozen . $2.00 Heavy Platess, per dozen ... '. $2.00 Oatmeal dishes, each . 20c Water jugs, each . 60c Cruikshank & Hampton AIT A T TTV rAITWTO Phone 548 124-28 E. Webb S Xooj Old F'ortiitttre t&kea Ut exstomnge M part payment on aew, the raw material and the demand for 'finished product, are, as it were, dancing the hesitation, and they too are in the market only to fill Immedi ate demands. 'Bhe underlying cause has heen that a farmer has been taughti too walk the furrow and produce per cap ita he . is the best . producer in the world. We have taught him to be come an expert with his hands and have left him as a child In the use of his head in the management of his affairs, other than production. "For the great staple crops like wheat, corn, cotton, wool and live stock, there is no existing machinery for the orderly, marketing of farm products. Agriculture is both under capitalized and Is without any ade quate system of credits adapted to its peculiar needs. "There is a terrific strain upon the finances of the country at the crop moving season. Also an Inefficient and expensive system of transporta tion. There is an uneconomic and un wise strain upon the buying and ab sorptive powers of the purchasers of i farm products. Under this system we are asking the buyers of farm pro ducts to meet their needs for a per iod of twelve months in a period from four or five months, with the inevi table result to the seller of these pro ducts. ; The Remedies "The remedies which suggest them selves to me are: The elimination of all unnecessary factors in the present system of distribution. The organiza tion of commodity sales agencies. The standardization of farm products in. to grades and classea The ware. housing of . sufficient quantities of products to set Tip an ,even flow of such products into the. markets of him with a paper which has a mat urity period equal to the turn over period of, his investment, and a paper months' maturity, better fifteenETA of less time than none or twelve months' maturity, better fifteen mon ths", can not be of the greatest value to him. System Can Ro Devised 'To my mind a system ran ho vised which will meet this necessity. This i8 predicted upon the pooling of the assests of the concern and the is suance ngalnst' such pooled assets certificates of. indebtness of deben tures in varying denominations and periods of maturity. What is a Gov. ernment bond? A Government bond i the, evidence of the fact that Con gress under the Constitution ha, the power to tax all of the assets of all the people to make good the face pt the bond. rann Itself Xo Asset "A Piece:' of farm land in itself, no matter how valuable, will fail to tin lock, the doors of credit. A farm mortgage on the same piece of land in itself would have no standing in the money markets of the world, but when under the farm loan act we have set up four thousand associa tions of farmers throught every agn cultural county in the United States, and when these: associations have tak en in many farm mortgages In the neighborhood of 126,000 and have placed these in Federal Land Banks regional banks In the hands of a government appointee known as farm loan registrar, and these banks have issued against this mortgage farm loan bonds, the Missouri farm has become through this magic a liquid asset which flows freely in the money, mar. kets of the county. What is a farm loan bond? It Is the evidence that a trustee has in his possession farm mortgages which if foreclosed would be sufficient in value to meet the ob ligations of the bond. The working out of this system of farm credit, as well as the solution of all the other problems of agriculture, '.'epends upon organization of the farmers themselves under sane, con servative, fundementily, sound lead ership. With It there can be but success. Without this, all these ef forts will fail." E MOST OREGON TAXES UNIVERSITY OF OGEGW, Eu-, gene, Feb. 10. About 30,000 Individ uals, representing leaR than 4 per cent of the population of Oregon, cause tuncttcally all of the tax expenditures for maintaining courts, police, institu tions, of care and correction, and like agencies. This Is declared to be the case In the preliminary report mado to the legislature of the state wide so clal survey conducted during the past year and recently complied, under Sen ate Joint Resolution 28 of the legisla ture of 1910. The survey was conduct ed with the co-operatldn of citizens all over the state and was directed by Dr, Chester L. Carlisle, of the United States public Helath Service, through the extension division of the University of Oregon. In the communities and Institutions of the state 29,555 complete or partial dependents were ascertainable. It is estimated that two thirds of these are due to temporary or remedial causes, leaving approximately 10,000, of which 10 per cent, or a thousand are mentally defective. ... Of 30,141 delinquents ascertainable, perhaps two thirds should be deducted as traffic violators or petty offenders, leaving approximately 10,000, of which at least 10 per cent are mentally de fective. Insane Totaled . The combined total of known Insane, We Sell for Less ONE ORDER WILL CONVINCE YOU. Fresh Ranch Eggs, dozen 45c Carnation or Bordens Milk, 7 cans . ...... $1-00 Otter Brand Minced Clams, 4 cans ........ 75c Otter Brand Shrimp, 4 cans ., . 95c Fancy Hawaiian Sliced Pineapple, ' 3 large cans ........................ $1.10 Golden Marshmallow Syrup, 1-2 gallon.... 65c Sanitary Grocery 221 East Court St The Most in Value The Best in Quality Phone 871 and all known mental defectives, with approximate number of mental detec tives among delinquents and depend ents is 7,688 in the state a ratio of 9.8 per thousand of the general popu. lation. Rejections In the selective draft In Oregon for neuro-mentat dis order were 11.26 per thousand, so the ngure of this survey Is clearly conser vative. Bt rercent Deficient ' Tests In the Oregon State peniten tiary showed 61 per cent of those test ed to have distinct mental dulling or defect, and 2 per . cent to have less mental ability than a child of 12 years. In the State School for Girls one fourth of the girl tested showed ment al defect. In the State School for Boys three boys were found above ace rage but 71 per cent showed mental dulling or defect and one-fourth showed act ual mental defect. In the State School for the Blind, where children of course are not delinquent, only two children showed mental defect. In the State School for the Deaf, 14 per cent show ed mental defect, Indicating that deaf ness s a more serious factor in retard, ing mental development than blind ness. ' Of 451 Inmates ' In county poor farms, in Oregon, 17S showed mental defect, mental disease or mental dis order. In one Oregon city of 10,000 popula tion, 258 elementary , school pupils were found retarded an average of 1.89 I years. It Is estimated that the cost to taxpayers of this retaliation was $2B, 20. The causes bf pupil retardation in this town were round to be; Ment al defect and dulling, 11 per cent; dis ease and physical defect, SO per cent; poor heredity and Improper home eon. ditlohs, ,20 per cent; other causes, IS per cent. ' Retardation In fk-hoola , A teacher's referendum on 32,480 pupils, 22 per cent of Oregon's school enrollment, showed 9.741 children "over age for grade." This retardation, is significant, because the schools con. tain pruotli'iUly the whole adult popu. lation of the next generation. K hool life and school progress reveal the symptoms if Inadequate, Inefficient and unsuccessful conduct, which are sometimes possible of correction, but which If uncorrected limit the Value of the adult as a cltlsen. Among the r. tarded school children studied, ( 600 were found who need assistance under the Crippled Children's Law, The survey suggests in the way of remedy that as fast aa these Inade. quale social types appear upon public records, an accurate mental, physical and economic diagnosis be made and the case be legally disposed of upon the basis of actual fundamental cause. Other suggestions point a way to fu ture possibilities for the adequate car, treatment and training of the handi capped, and to co-ordinated methods of state, county and city supervision which will protect the welfare of the state. ' - ' - ' The Spirit of The; Lincoln Home Trail utiiaiMiifiiuajiiij Golden' West Known for It's Quality Purity . Wholesomeness A Distinctive Butter Mm. is ram;niS'RititsniiitTiint,,ilpiil,a,l,w,;ln,l,iWI,aiii,ii:nieiiisMSMtiiif'piHi MraukHwuis!urutaMiwfii TWO GOOD BARGAINS IN Practically new 1920 Chevrolet. Five Passenger Franklin. Oregon Motor Garage Dictribatoc ' tiii- BUICK. CADILLAC AND CHEVROLET Phono 463 tfBttUUUmMiUUIIUMiIUU