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About East Oregonian : E.O. (Pendleton, OR) 1888-current | View Entire Issue (March 29, 1921)
DAILY EAST OREGQNIAN, PENDLETON. OREGON, ' TUESDAY EVENING, MARCH 29, 1021 TEN PAGE3 OUTBURSTS OF EVERETT TRUE yCansaW nTsS" 1 DAILY MARKET NEWS, LOCAL AND GENERAL 1 1 ' ' 1 1 " 1 " 1 1 " 11 ' ' "a" 1 ' " la clu ling Pendleton Prices aijd Associated Press Reports PAGE TEN I vs. MCfieAwY HAve A I CH, You H3 ' seufMCi. ivcHirje in n M?.- thcn voo'cu I rrui aouse. SiRl r1 f iwtCRi?sTfTi i ling Market In Urak aud Mow . (From the Oregon Journal.) Total of Oil, car of livestock was re-t elved at North Portland fur the week's opening. Of thix amount five Itonnl eight cars were for through tlonal eiaht cur were for through, 'shipment nnrt did not stop here except for feed. Hog mere weaker and low-! r, cattle shout steady, while sheep. Continued Blow. ' In the hug alleys there wad another very small run of 67$ head for the Monday mnrning session at North Portland. Considering this scant of . ferine the murket should ty all means hiiv ndva need, hut weakness and fur ther price losses on the Kast had a direct Influence and value were off ahntit 2!d jrencrally. However one bidder, keenly anxious for a supply, purchased a small lot right at the opening sit $12.ti(i, which was a dime better than the previous market. This wjis not considered as accurate view of the trade, generally, j," General hog market range: .Prime light 1 1 2.0 fi 1 2.23 "Smooth heavy ll.25sill.7j Hough heavy S.OOi 10.25 jFat pit ..- IJ.OOKi 12.25 Feeder piss 1 1.00 St 12.0H o-ftaea 6.004 10.2:1 A lot of bii beef from the 1'onie- roy. Wash., section took few honors In price making at North Portland for the week's opening. One shipment of mixed steers and heifers sent in ly Folmsboe & (itwit from the Garfield cojmty section ncent nt $9 for steers wnd $S for hetfera which Is 50c almve what top steers are quoted at and f 1 above tho extreme for heifers. There was an increased supply in the cattle alleys a North Portland for the week's opening, but general trade con ditions were -considered steady with the passing of the IjCMon season. General cattle marlcet range; Choice steers J 8.00 Medium to good steers .. 7.25$i Fair to good steers ..... 6.50 W Common to fair steers . . 5.50 Choice cows; heifers 6.50 Medium to good cowsand heifers i 6.00 fair to medium cows and heifers , Common cows, heifers , Canners ......... Choice feeders ..... Fair to good feeders . . . Bulls Choice dairy calves ..... Prime light dairy calves Med. lipht Oairy calves . . 8.50 8.00 -7.25 6.50 7.00 & 6.50 8.50T 4.50 3.25ii 6.00 5.50(9 !.60Ji 12.50W1S.50 11.50tfl2.5& 5J ,1.50 6.00 6.50 4.50 6.50 6.00 E.OO THE OLD HOME TOWN 4 0UOCY BOOB TOOK OeiE WESSON OK TOMMY FENTO5 NEW NIOTOR CYCLE THIS MORNNG MARTHA S'OOKS STARTED RE BUIUHNG HER WOODPILE THIS AFTERNOON New York Sin k .Market Is Hesitant XBW rOUK,.: March 29. .(A. P..I ' The hesitant and occasionally hoivy movement of stock prices Monday again was influenced by 'development's which accentuated tho enforced read justment of commercial ami industrial estimates. This was Indicated by the passing of the Sears Roebuck: ami I'nited States Smelting; quarterly dividends,, coupled with rumors of other omm;s.slons or reductions of dividend, disbursement under consideration. News of a conflicting character. The stronger position of tho local banka on- j couraged more liberal offerings of call and time; funds and western centers reported moderate improvement in business. These hopeful auguries were: offset Partly by another decline in railway tonnage at leading transportation ter-, minals, crop deterioration In several southwestern states and additiumi age reductions. Oils, motors, steels, equipments and food and leather specialties comprised fully 60 per cent of the turnover at declines of one to nearly six points. - Rails were only slightly affected by the reaction and Sears Roebuck rallied sharply at the finish, the motion-pic ture specialties also showing marked strength, especially Famous Players. Sales 673,000 shares. , .' 1 The foreign exchange market was halted on a continuance cf the eastern holidays, but additional gold .imports were received from Europe and South America. . , , -f,, , - . , Liberty bonds ajud. most of the inter national group wer steady biit rails continued to ease. fenna., 6s fell to the new low of 87. Total. sales, pal value, $6,575,000. ., ' ;: . " YOUR MCE OPlKirtunity conies to rvcrylKxly, sooner or later, and ,. it will oomc lo you. Hut lU-re Is an essential eon mHtloti between jou and opportunity whx-li is "reatly 1 UHm'." Jrcnre jwirself to take advantaae of this chance Ikii It comes knocking at your door by setting aside a definite amount of your Income and buying there with, an Intercast bearing Tluiite or d-posit to this Mrong bank. 1 Such Tt:ricat-s arc ist-ucd here every day for any amount dewo-cd. txinered Supply Is Htillish J'actor ' " " ,, ' CHICAGO, March 29. (A.' l'.J iwciacuiar snriiiKage supply, together with" fears did much yesterday to, lift the wheat market. Prices closed unsettl ed, 1 to 3 14 net high, with March 1.S76 1.57 H apd May 1.43 to 1.43Vi. Corn gained to 5-8 and onts'l-8 to 3-8. In provisions there was a setback of 30c to prices. - Monday's highest wheat prices came after announcement had been made that a decrease, of 3,818,000 bushels in tho visible supply had so reduced the total that the amount left in sight was with one exception the smallest in more than 30 years. ' Besides later ad vices indicated that contrary to re ports damage to growing wheat may have been done by the' Cold wave in the west and southwest. Greater confi dence regarding tho speedy enactment of an emergency tariff bill was also to some extent a bullish factor. Trading, which began yesterday in the July de livery was of only moderate volume. Corn arid oats responded a little to the strength of wheat but.before doing so May corn touched the lowest price for the present crop. Huge stocks are in tsight. . However, there was some export business both in corn and oats. Lower quotations on hogs "weakened provisions. .. , r (m A VCBy et"r(CICMT 1 V """ pOOT ATTACH MONiT ! M, -T - ' J1- " t -.-.-p . I - I on op TMose,Tocy ir-ty. ; I ini3Te Aaeisj-r i . . ' I 4 ' ' ' ' ' ' 'V ' 1"' "V - TWO nnNTRARK ARF 1 ' t.VfV(i Mich Mnrrh 29.-r-(A. of the visiWe P)T()ta) assets of $31,554,941.68 on crop damage r,wmior SI. 1920. are shown in the annual report of the Ford Motor Co., filed with the secretary of state.- Cash en hand, including deposits in bank, is given as S13557,244.51 and the value of credits owing to the company is placed at $54,438,633.50. Liabilities cn unsecured Indebtedness are shown as $143,025,300.61. Steers $8.25 8.75 " ; - In Seattle Yard ' .. . ' SEATTLE, March 29. (A. P.)--Hogs Receipts 172. Steady. Prime 11. SP 12.00; smooth heavies lO.SOiff 11.50; rough heavies 8.0O16 9.00; pigs 9.00 ? 11.50. .. . ; Cattle Receipts 777. Steady. Prime steers &25fi8.75; mfedhim' to choice 6.25 7.75; common, to good 5.00i9.00; best cows and heifers 7.0'J 7.60; medium to choice 5.001 6.50: common to good 4.00(85.00; bulls 4.50 5.50; i calves, light 11.00$ 12.50; heavy 6.00i 7.50; " Steers Aro Lower -In Kansas City KANSAS CITY, Mo., March 29. (A. P.) Cattle Receipts ' 16., 500; beef steers fully 25c lower; many lilds off more; early top 9.25; butcher stock weak to 25c lower; best cows 7.00; veal calves 50c lower; good .and choice 8.00 8.50; other calves steady; jStockers and feeders steady to 25c louver; best feeders 8.75. , 1 Sheep Receipts 11,000; strong; ewes 6.10f lambs fully 25c. lower; top 9.80. ' '. Robles Peaches '".;v ;,and' Pears " , .' S 2'CAiNS1.'. ..45c 6 CANS :.a30 ; V 24 CANS...'..... $5.00 We carry a complete stock of Ferry's and Lilly's garden Seeds for your spring planting. The sanitary kxt ocery The Moat In Value 221 East Court St Phone 871 The Best in Quality EICOK April. 6 .Ratification of r; Plan Will Be Taken By pelegates From Grain Growing States. Seattle Farmers ' (iot More For Milk ' - SEATTIjE; Mnrch 29. (A. P.') Ouring the rabnth of April farmers shipping milk to Seattle will receive $2.90 a hundred pounds, an advance of 5c a hundred pounds over the March price, it was announced yesterday by distributors hene. Advance: in . the wholesale price will not be reflected by retailers, it was said. Visible AVhrat Supply Lower by 3 Million NEW YORK, March 29. (A. P.) Tho visible supply -of American and bonded grain shows the following changes: Wheat decreased 3,818,999 bushels. Corn increased 2,216,000 bushels. Oats decreased 94,000 bushels.. Rye decreased 13,000 bushels. Barley decreased 13,000 bushels. Harding's Washington Churcfi ' . . - T7 ; III .. list I l,i t wTt I iVi TleAmEtiordBanfc ! ' ' ' :-; .SSi Strongest Sank in Gastem Oregon' 4 0777 A J , Jr.-tf ys5f " ' ' - NEW 1921 ' (gM IjA, ' Go Carts and . Y Carriages ' i'V ' ' NOW ON DISPLAY . I f f V LVg " As well as a n!ce 1 A" ff$tj,-' f '-M 1 showing of Reed Sulk- Hi W&jf- rj " ' '-All I ' ies. They are finished f ,j (yAZJ ;c',Vv J . in a rich old ivory and If" ViVV : J' rZ French grey enamel as J iS" X ''!' yshfi well as tne cream finish- t Vi.iM 1921 PRICES ) sfcw) You can certainly -'.!', i t jYPy find one to suit in our L Ir Si stre-. 1 v Cruikshank & Hampton "Quality CounU". l IT 1 124-23 Webb rncne oo Your Old I'uniitiux' Taken tn Eiciuinge as Part l'a)UM iil on Jfn I Vf - 1 , CHICAGO, March 29. (A. . P.) Two contracts are provided for in the j national, plan for marketing grain cooperatively proposed by the Far mers' Grain Marketing Committee of Seventeen, according to a statement by CH. Gustafson, fchairman of the com- mlttee, made public here today. 'The contract Is expected to run about five years," said Mr. Gustafson's statement "but' the exact period will not 'be determined until the conferenpe in Chicago, April 6, at which ratifi cation of the plan will be taken by delegates from the ; grain growing states of the nation. . . "One contract will be made between the grain grower and his local co operative elevator and ; an6ther 'con tract will be made betweehvtho local cooperative elevator and the national grain marketing agency. These con tract forms are now being drawn up by competent legal assistance under the supervision of Clifford Thorne.'of Chi cago, an attorney and member of the committee. The general principles ol the contract forms, however, have been decided and it only remains tojiut them in legal shape. " "The contract made by the grower with his local cooperative elevator will provide for the exclusive delivery of all surplus 'grain not needed 'for seed and feed purposes. The contract made by the local cooperative elevator with the "nationals selling agency Will, In turn, provide for the exclusive sale-of tho grower member's grain through the sales facilities of the national sell ing agency, " . "These); contractual relations will not infringe upon the privilege of choice which the individual farmer has of deciding which marketing he may wish to employ, that Is, consignment, direct sale to cooperative elevators, or i pool. The growers at any local station i will "always have the alternative of I detracting to pool their grain Jocally and selling as one unit through' the na j tlonal sales agency. In the same way, ! the contract will contain provisions au ' thorlzlng two or more local companies ! to pool their grain,' when approved by j at least 75 per . cent of the members j of each company. ' V ; ; I "Farmers' cooperative elevators that j are now operating on the patronage dividend basis will need to make 'only I minor changes, in order to contraot with the national gelling organization. Where a locaf cooperative - elevator, which meets the requirements of the contract, does not exist, the new mar keting plan contemplates that the growers will form a local cooperative i organization and either enter into a separate contract of their own with a local elevator to store and load their grain or make arrangements to buy, bluld or lease an elevator, "The contract running between the local elevator and the national agency. provides ithat if the local elevator is not truly cooperative, it may be given a reasonable period 0f timc t makc such necessary changes In Its form of j organization as will meet the requlre- ments" for doing business through the I national selling organization." ' , , NEXT WEEK IS PAIGE " V v ?'.' .'- ; Demonstration Week HAVE A RIDE IN ONE OF OUR NEW r' T921MODELS 0. E. H1 AUTO CO. Phcne 46 WE DO PAINTING ' ' Alta and Cottonwood Streets Why Experiment YOUR NEIGHBOR WILL TELL YOU THAT "PEACOCK" HAS NO EQUAL. OTHERS HAVE SEEN THE FALLACY OF BUYING COAL WITH OUT A NAME, m SAY Vefl'tr""' 4 If Wl W i" In ; THE COAL WITH NO REGRETS v Phone 178 Smythe-Lonergan Co. Quality . .. Quantity Service 28 YEARSAG0 ; 1 U i , : Here Is Calvary Baptist Church, Washington, D, C, which Presi dent Harding will attend for the next four years. Ha worshipped here while a senator Inset, Dr. W. 8. Abernethr of Kansas City, who hats accepted a call to preach in the Calvary church at Washington temporarily. t ns Jsy oe uuerea nv permsnent place later, From the Daily Est - Oregonhin, March 29, 1893.) T. J. Van Winkle Is here from Wes ton. He is principal of the N'ormai Kchool. Milton has two new lawyers, both re cently from the east. I Travel ia'picking up and Pendleton j being a central point, is, visited bv iinany people "on the move," There were 55 names on the HoteJ Pendleton register last night. . It. Jones is here from Echo. W, 8, Hyers was in Echo on Sun day. - , ' Senator Kaley has returned from Portland. .- . ' ; "Shop" for the Dealer As Well as the Auto . ";' ' ' ' ' ' If you could get a 10 per tent reduction of the price of the car you want by .'going a block farther down the street, you ' would be Inclined to go to that much tro'ublc. ' Do you know that the actual intrinsic value of the ser vice and responsibility that a good dealer can pat IrttO; any car he sells is often worth more than 10 per cent of the ear ' cost, in the first season 7 , " y.v .'.;:'. ' It isn't the price of the car so much as it Is tho perform ance of the car, and that depends much on the man who sells it to you. ! .,( " ' BUICK Oregon Motor Garage Distributors : BUICK, CADILLAC AND CHEVROLET Phone 468 ' .