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About East Oregonian : E.O. (Pendleton, OR) 1888-current | View Entire Issue (April 28, 1921)
PAGE TEN DAILY EAST OREGONIAN, PENDLETON, OREGON, THURSDAY EVENING, APRIL 28,1021. TEN PAGES DAILY MARKET NEWS, LOCAL AND GENERAL Including Pendleton Prices and Associated Press Reports Hi Priori, I iiUT(ri Kin nip (From the oreaon .lonrnnl.) II"K market a Intensely weak nt North Portland with early bids Sue to j &c lower, with no sales, rattle wore! nominnl and sheep unchanged. In thc hog alleys there was only a fair run for the day at North Portland, ! lifter several days practically without j offering, Owing to the sharply lower prices In the Kast, Mils Ht the start ! were r.le to TSe off, but holders were' unwilling to do business on that basis j and buyers refused to bulge from their i position. tleneial ho? itiarKet ranee: Prime light .505j 10.00 Smooth heavy, 2:,o to SuO pound S.OOftf $.00 fhnonth heavy, joo and "P , 7.00 Kr S.OO l!oi(ih heavy 6.00 S.00 Kat I "Iks .50Ji 10.00 Feeder pig 9.O0M1O.00 Stags 4.00 5 8.00 While pressure continues agalns thei market for poor quality sheep and lambs, there is a Rood demand for the. better quality stock nt North Portland tor the Wednesday morning trade, lie ' retpts for the day were liberal, but general prices were unchanged. General sheep ami iamb market: Spring lambs 7.00( 9.00 Kast of mountain lambs ".00W 7.50 Valley 6.50 W 6.25 Heavy lambs 6.00 H 6.00 Cull lambs 2.00 Q 4.00 Yearlings 4.50 6.5" Wether 4.00 S.OO Ewes l.OOSt 4.M0 Feeders S.00r B.0 With only a handful or so of stock 5Ht UlKtCTS HER DIREC1UK r .V Miriam Cooper (above) directs Ttsoul Walsh at home. He directs Iter the studio. Mike, their Airedale, directs both on the golf Viks. The m of Cooper and Walsh began when they appeared in "The Birth of a lion.; Ttetr latest picture is "Tba Oath," a First National release. KSfisH THE WOK Of NAN ONE YEAR OLD Wlion baby becomes alxnit one ear old. lie is a dear I'.UIe fcUow, ami then jou love likni more than ever. Of course you would not sjiare htm for a million, and yet lie Is entirely dependent on you, a liability, and during the coining yean of his development by your constant eare and training, he becomes more and more valuable to yon. to himself and to Ids commu nity. You can make this doubly sure by opening and keeping-up a Savings Account in this strong bank, lie will soon know tlte difference of money by a&lit and by depositing his money in our Savings le part men t at compound interest, be Will learn the great lesson of Thrift, 1. .wiosasl. - 390'0J rrir A000 TheAmeiaaffiioriBai PeifUeton. Oregon. 'Strongest Sank in Gastern Oregon Special Offer one week only We will give a beauti ful set of aluminum ware to you with each range purchased. The Wesco Value Range the range with the twin flue construction heats the six holes equally at once a great saving fuel guaranteed to the baking of a stove t the price. Price $75. See our combination gas, coal and wood range for $135.00. EEs "4 in wice ) 00. JJ Your old stove taken in as part payment on new Cruikshank & Hampton "Quality Counts" 124-28 . Webb Phone 548 . Your Old Iiruiture Taken In Exchange as Part Fayment on Xew l.dusive Atfitits In IN-ndbton f Aeroluz (No Whip) Porch 8liade. nvnllablo for trndj Wednesday at North Portland, the enttle market was considered about steady nnd on a nnm itutl basis. General cattle market ranee: Choice steers T.T5f 8.25 Medium lo pood 7.00tf7.:5 Fair to food 6.25 if 7.00 t'oramon to fair 6.2.'ii36.2rv Choice cojvs and heifers 6.00 Hi 6.7S Medium to good 6.50 0 6.00 Common cows 4.00 If S.OO Fair to medium 5.00(3 6.50 dinners 2.35il 4.00 Choice feeders 6.00 S 6.60 Fair to good feeders .... 5.00 i 6.00 Hulls 3. DOS 6.50 Choice djilry calves 11. 00M 11.50 Prime lisht dairy calves 10.50W 1 1.60 Med. light dairy calves , . ?.00i 10.50 Heavy calves ..-.'. 4.00 S 7. Confusing lti'M)rts Cause rncaslness NEW Y01SK. April (A. P.) The uneven and irregular. course of yesterday's stock market was Influenc ed by conflicting and confusing de velopments, such as the I'nlted States Steel quarterly report, the Pennsyl vania railroad dividend cut and fresh complications In the German Indem nity tangle. Of these, the most Influential' was the showing made by the United States .teel Corporation, which fully, con firmed the general impression of In creasing slackness In thaj industry. Steel common reacted an extreme of two points and most of the so-called independents made, recessions of two to four points. Balls enjoyed a brief upward spurt at midday on news that the Interstate commerce commission had ruled in fa vor of existing Inter-mountain freight rates, but much of this advantage was forfeited on receipt of word that the Pennsylvania dividend had been cut from six to four per cent. Professional pressure seemed to be directed against a number of the high priced specialties, including tobacco, subsidiaries, oils, leathers, sugars and kindred issues suggested a resumption of short selling at gross declines of two to 11 points, a heavy tone ruling at the close. Sales amounted to 800,000 shares. The money market followed Its re cent monotonous course, all demand loans being made at 6 Si P"r cent, that figure being fully one, per cent over outside quotations. - Indications of ease were seen in time funds, including commercial paper., All foreign exchange quotations were lower, the French remittance forfeiting all of yesterday's substan tial advance and Scandinavian rates, especially Stockholm, breaking sharp ly. ' Liberty bonds continued to lose ground. Other changes, domestic and foreign, were irregular. Total sales, par value, 9,850,000. Wheat nulls Overload " And Prices Sag Ijower. CHICAGO, April 28. (A. P.) Wheat bulls overloaded themselves yesterday and although prices averag ed higher, most of the time the mar ket broke at the last. The close was heavy, 3-4 to 1 l-4c net lower, with May 1.25 1-2 to 1.25 3-4 and July. 1.04 3-4 to 1.05. Corn lost 3-8 to,5-8I3-4 and oats 1-8 to 5-8 and provisions 5c to 17c. Predictions of an enlarging demand for all grain helped to start the wheat market upward and bulls showed par ticular hopefulness that export call would prove to be robust. It became known that 400,000 bushels of oats had been sant into storage here, a cir cumstance decidedly bearish as to oats. Ensuing efforts to let go of wheat holdings made prices descend rapidly in the final hour. Word that some corn arriving at Dutch ports was out of condition had a depressing effect on the corn mar ket. Provisions were inclined to sag in the absence of any adequate support. OUTBURSTS OF EVERETT TRUE Look, johmsonj. isn't STARTfTD THAT mcscj BANf?OPCr RCPOST I IF r IS, XM 3C5(NQ OVCiR no, that's not the omc. s think. that nan IS Olse Or THC THeUTCR TICKET SPCCUATI . .n.r II, Mi, Tit: T aass i Bsnssss ' mm It I I II II) 1 1 1 VI. LT V ryf. 1.1 1 1,1 ib jug He jwb . right. Johnson- Ask Wallace for New Wheat tirades. WASHINGTON. April 28. (A. P.) Modification of federal grades on spring wheat was asked of Secretary Wallace yesterday by representatives of Minnesota, North and South Da kota on the ground that they are too technical to be applied by country buyers and are causing "widespread discontent" among farmers who think they uro being discriminated against. Representatives of the millers oppos ed modification, declaring difficulties would be remedied if country elevators had better trained men. A Ariimitte of the Minnesota leg islature presented a tentative set of grades 'which would provide that any moisture content over 15 per cent be made a part of the grade designation, eliminate the sub-class "red spring" and abolish grade five in all classes. Deputy Inspector McGovern of North Dakota, placed samples of the various grades of "dark northern" wheat on the secretary's table and said that although It was all the same wheat, carylng only in percentage of wild peas, on April 20 there was a dif ference between, grade No. 1 and "sample'' grade of over 60 cents a bushel, to the farmers. Secretary Wallace reserved decision Wages Come Down -For Miners May 1. GLOBE. Ariz.. April 28. (A. P.) Notices were posted today at the Old Dominion company's mine, announc ing a reduction in wages of 15 to 16 1-2 per cent for all employes. The re duction is effective May 1. Western Lumbermen Export Ijower Freight. SPOKANE, April 28. (A. P.) Lumbermen of Washington and . the Pacific northwest are optlmlstio con cerning the possibility of securing "a reduced railroad freight declared ne cessary to open the middle west and eastern markets to them, according to A. AV. Cooper.- secretary-manager of the Western Pine Manufacturers' As sociation, which held a meeting here yesterday. Between 40 and 50 prom.'nent lum ber manufacturers of Washington, Idaho, Montana and Oregon attended the meeting. , "Practically all of the time was ta ken up with the discussion of traffic and freight matters," said Mr. Cooper. "Tho lumbermen feci that this is a most Important question to the wel fare of the lumber Industry of the Pa cific northwest Wo feel that the rail roads must and will reduce tho frelrh rates on northwest lumber to that ex tent where we can compete with southern lumbermen." Vrges Retention of "Hed-rlng Facilities." WASHINGTON, April 28. (A. P) "Speedy" settlement of the agita tion tor regulation of tho grain ex changes by enactment of u law Which would preserve a "broad liquid mar ket" and retention of the "hedging fa cilities" was urged before the house agriculture committee today by F. B. Wells, a ra.'n dealer of Minneapolis. Tho demand for "hostile legislation." he said, "is keeping buyers out of the market." Appearing as the first .opponent of future trading legislation on which the committee is holding hearings. Mr. Wells said . sound . legislation would have a '.'good effect" He ap proved many features of the Tincher bill and suggested certain amend ments he snld'would permit, "cpmpe tent speculative" buyers to -remain In the market. ' . , Farmers Plan to . -' t Own Slaughter House. " ' .'. CHICO, Calif., April 28. (A.. P,) Cooperative marketing bf cattle; own? ership by producers or slaughter houses and a limited number, of retail stores, nnd an Increased ' price for cows and steers wpre declared, to be the aims of the California Cattlemen's Association, by T. P. Ramsay of Itcd Itluft, president, In an address -which Opened the convention of-, cattlemen yesterday. . ,;. ... ,. Peruvian Money ' ' .., Drops to lw Itcconl. . "". LIMA. Peru, April '.28. ;(A? 'P.) Tho Peruvian pound was quoted Tcs- day at $3.30. marking a. new low rec ord in its relation to the.. American dollar, the quotation . against ' New York representing a fail of 25 points during the last week. ... .-, .. II 'Is 'believed that the experimental camphor groves which, havo been planted, in Florida will be 'developed to commercial importance, within a few years. .:-. i. The Krupps firm of ".Germany, has succeeded In perfecting! a process by means of. which fuel values cat) be re covered from cinders. The , process utilizes me mngneiic property pi tne iron compounds contained in the cin ders. Approximately twenty-five per cent'of the weight bf the cinders' Is re covered. : ' PRUNING IT. ESrtmiitisiitiBtMismismimiiswsiHisinimnpiM Bread and Butter For Lunch The youngsters home from school will love the wholesome taste which Golden West gives to good bread, and it is good for them because it is so pure. We make it fresh for you each day, , a : 7 4 I -((","-" "" " 4 The Wholesome Butter " Es4iSruiiiISuaJUivuiaaiIa4isuw . t 0 . 51 II (East Oregonlan. Special) 8TANFIELD. April 28. The Ladies Aid met Thursday afternoon in the church parlors. After" tit"1-' regular business was dispensed with lunch was served by Madams Stafford,' Coff man and Severaitce.- A large number were in attendance. ' - . Mrs. J. H. Knight entertalued the Pnllvnnnns ut her homo on Main street Wednesday afternoon, ' ell- clous refreshments were served. ' The member of the I. O. O, T. lodge tront Stanfleld and : Hormiston attended church ' Sunday morning. Rev. Paucett. delivered a most excel lent sermon;"' IT being St.' Jobn's Jay, special music was rendered l by the choir. Earl and Forest Clemenger, who have been spending the winter In San Ucrnarillnai col.', are en route to their home in Knrgo,. North Dakota nnd spent several days at the homo of Mr. and Mrs. C. 8. Brierley. Mrs. W. B Smith and the Misses Ju lia and Jennie Heggman' were thop plng In Pendleton Friday. The Htanfield Htandard Is'puttlng on quite a metrnnotltun air Thv Just installed a new linotype machine. Mr. 'and Mrs. C. M. Dupuls went to Nolln Sunday .to attend the wedding of Mr Dupuls' Bister, Mjss Juanlta Du puli who was united in marrlago lo Kellx Herbert Hdusof The Dalles." after a short honeymoon trip they will make their homo in The Dulles. ' Mrs. Jane 'Gorman left Saturday for Woodland, Washington. Mrs. Gorman' has been the guest of her brother, F. It. Stuart, and Mm. Htuurt for the past five months. ; A number of Odd Felloivs and' Ho bekahs went to , Hurmlaton Monday evening to help cerebrate, the 102nd anniversary of the order. A social evening ws enjoyed. ' ' "The Wlndmllfs of lolland." an operetta, will be presented Friday evening in the high school auditorium, by Mrs. H. 11. Ite.es. The pwCepds are to go to the Ladles' Club. Spring v7eakness Is Overcome and the blood purified' and Vitalised by '. , 9 . H6od?s Z tnr ti?t.iTf fellows who are hard on Shoes Before ftandlinf VMttle Pali" w mid an cxTiauttiTC-iurver of joventte footwear in order to select the line which ' could beit endorse to our many regular tu'tomen. Wet-hose "Little Fait' ftecaue we were convinced that they represent the biftgeit value on thc market and buyers 'of "Little Pali" bark u in this statement. Many parents tell us ' ' ' these shnei lant from two to thpee months longer thao ' ordinary shoes. ' They've made thtir voy fry the way they're made , AbuScZ ' Pcndleton'a leading Storo. JUVENILE TOOTWEAR LittlePals RlS If I 6f'- Car Performance Makes Car Dividends BUIGK , ' ' Think of an automo ; bile as a prptJiictiye in . stitution -not merely an expense, Yoii buy a car because it will render certain valuable ser vices. It pays dividends in contentment, recrea tion, quick transporta tion. Car performance is more important than model or name, Car performance depends upon the dealer who . sells' the car. . ; . Oregon Motor Garage. ' "'"' " Dirtribatoni - - "'"fK'1 BUICK, CADILLAC ANO CHEVROLET . , ; Phone 463 . ' VTTtP