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About East Oregonian : E.O. (Pendleton, OR) 1888-current | View Entire Issue (April 28, 1921)
DAILY EAST OREGONIAN, PENDLETON, OREGON, THURSDAY EVENING, APRIL 28,1021.
DAILY MARKET NEWS, LOCAL AND GENERAL
Including Pendleton Prices and Associated Press Reports
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
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
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.
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,
- 390'0J rrir A000
'Strongest Sank in Gastern Oregon
We will give a beauti
ful set of aluminum ware
to you with each range
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
Your old stove taken in as part payment on new
Cruikshank & Hampton
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
nvnllablo for trndj Wednesday at
North Portland, the enttle market was
considered about steady nnd on a nnm
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.
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
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
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
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
. .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.
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
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
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
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. : '
Bread and Butter
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 -((","-" "" "
The Wholesome Butter "
(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
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.
Is Overcome and the blood purified'
and Vitalised by '. , 9 .
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.
RlS If I 6f'-
Makes Car Dividends
, ' ' 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
upon the dealer who .
sells' the car. . ; .
Oregon Motor Garage.
' "'"' " Dirtribatoni - - "'"fK'1
BUICK, CADILLAC ANO CHEVROLET .
, ; Phone 463 . ' VTTtP