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About East Oregonian : E.O. (Pendleton, OR) 1888-current | View Entire Issue (May 5, 1921)
DAILY EAST OREGONIAN, PENDLETON, OREGON, THURSDAY EVENING, MAY 8, 1921.
TEN PAGES "
OUTBURSTS OF EVERETT TRUE
DAILY MARKET NEWS, LOCAL AND GENERAL
L LOT OF CHANCS i!JKC
Including Pendleton Price and Associated Press Reports
-Me NEtu AuniNi'rtvuur!
I FAGS TEN
In HUK-k Mat-Vet.
NKW YOKK, May B (A. The
lrnrt of today' Ktork mnrlut was
Hunuwhat llNUioliittnfr to Uiow ho
ropcptixl tlonlintrn would tm Koverm-d
Hip 20 er cent wairv rodurtlun un-nonrtrr-d
by the r. s. Step I t 'ornoratlon
yi'Hlei ilny. Steels and kind ml issues
were cjulto aetive ami firm to Ktronir
at the outxet but yielded in promt,
nnnce and Btrenirth later to other
stork which derived their chief sup
port from professional stoureejt.
Tli ateol wuRf cut m popularly
regarded as a conetruotlvc measure.
Hk ftsnnlfleanep. it was nnnied, how
ever, would have carried greater
weljrht If attended hy a downward ie
vlaioh of price.
eased. much and Italian rule prov
ing among tho few exception.
i no iioim imirKi'i was mixed, some
it. Ha nnd foiTiRii flotations Mrentrth-
t-iilnir, while othor Uue, im-liidliiic
tn- liberty Rrcuna, were irregular. T
tin miles, par value $1 1.37,1,00 i.
United States Steel common scor
ed on early advance of nearly one
point, most of which was cancelled at
midday. It made a new high quota
tion In the final hour, on shirt cover
inif and closed nt a Ruin of 1 1-4
points at (.8 1-8, the price of the your
to date. Independent steels and some
rubber specialties nnd shippings were I -pwt Lower ItcdlM-omit
conspicuous at trains of one to four
points. Tin re were active dealings in
rails, especially the lower priced or
reorganized properties at advances of
one to three points, but investment
rails ni.ule less upward progress.
Sales 800. 000 shares.
I'all money opened and held at 6
l-i per cent but loaned freely at
I er cent in tne outside market, llrit
trench nnd most other exchanges
.Tyrol Defies Everybody
" PlS?" t"t J01 rroT" tor t plebiscite tn Austrian Tyrol. and
tb AQStrisa toTcrnmeat has forbidden it But the Aunmdl i
.lntrfct .bead with it. plan. ,o rote April 24 obeTto JZ, TLS
W Germany. AUM officials scent a German plot. UatU.
Kates for lrni I'alHT,
WASHINGTON, May 5. (A. P )
Keduction of the federal reserve board
rediscount rate in the farming districts
as a relief measure In the agricultural
credit situation was regarded as prob.
able last nlcht by some treasury off!
oi.ils, who commented on the Tictlnn
6 I today of the Xew York reserve bunk in
'oweruiK the rate on commercial pa
per from 7 to 6 1-2 per cent.
Coming after the reduction from '
to 6 per cent by the Boston reserve
bank, the action of tnc New York
bunk was considered as indicating a
gradual reduction of rates on com
mercin! paper in other districts in the
direction of a uniform 6 per cent rate
other reserve districts maintaining
throughout the country.
The only other rescn districts
malt. tabling the 7 per cent rate are
Chicago, Mlncnnpolis, Atlanta and
Dalles. Governor Harding of the fed
eral reserve board, has lust visited the
Chicago district and some officials ex
pressed the belief his report on con
ditions would probably determine the
attitude of the board toward adop
tion of such a method for easing the
fur-R credit situation.
Reduction of rediscount rates on
commercial paper as a means of as
sist ina; farmers is understood to be fa
vored by Comptroller of the Currency
i r't linger.
THE UNFOLDING MAN
70 YEARS OLD
Al Throe Sturo and Ton Years the- silver Uvcry of
advanced ago is all too visible, (lew people arc favor
iil tt ivxw-Jtable age and fewer are permitted to do
so srrtwef ully. IVrhatH l out of every 100 at the a.c
i f TO art tk-pendent on others for supixirt. The oth.
er lil per ent linve cons.'fteutJy saved when their
ranting power uas at its best, and this means to
. Pendleton. Oregon,
'Strongest Sank in Gastern Oregon"
sell their second
hand Dodge Brotheds cars with the
same guarantee as they do their
new ones. Phone 963;
Home Love and Home Pride
There are mijrhty few of us who do not love our
' nomes, but are we all proud of them? If you haven't
that pride in your home that comes from the knowl
edge that it is furnished right, better get out the worn
things and put in their place fresh, new, up-to-date
' Cruikshank & Hampton
124-25 E. Webb
Tour Old IXiruiture Taken la Exchange as Fart Payment on Xew
Exclusive Agents hi Pendleton for AeroJux (No Whip)
Free Wheat Offerings
Cause Weaker Market.
CHICAGO, May 5. (A. P.) Kan
sas reports of free selling by growers
had much to do yesterday with a sharp
downturn in wheat prices. The mar
ket closed weak, 2 1-2 to 4 3-4 net
lower, wilh May r.3S to 1.38 1-4 and
July 1.09 1-4 to 1.09 1-2. Corn lost
1 1-8 to 1 7-9 and oats 7-8 to 1 7-S. In
provisions there was a net advance ot
5 to SOr.
At first wheat showed fresh
strength. The majority ot traders
however, leaned to the view a reac
tion was to be expected from the ad
vances. Bears put stress, too, on tl.
fact that frosts which were looked fo
had proved inconsequential. Then
came ne'vs that overnight purchases
at Kansas City from country holders
amounted to SOO.000 bushels and that
consignment notices had become more
numerous. Misgivings as to effects of
the marine workers' strike counted al
so as a bearish factor. The market
grew weaker and closed at the lowest
level of the day.
Corn and oats fell with wheat. It
was said rural orier:ngs were larger.
.provisions reflected an advance In
1iT YOU PICK AMY
IN VOUH. WRDeN
HO, IT'S AlvY TOO SOON
MJHAT S THAT dOT V'i
OO WITH IT 5
a i n r
IF YOU CAN'T THINK. ON. VCXJ reT
Sugar IUcvs Cut
AihI Flour Advanced.
SEATTLE, May 5.t-(A. P.) Cut
in sugar prices and an advance in the
quotations on flour were announced
today by Seattle jobbers and millers.
The new wholesale price of sugar is
18 per hundred pounds which reduces
the retail price to about 10c a pound
r lour advanced 4tc a barrel, adding
iuc to the price of the 49-pou:id rack
for family use.
Wool at London
Shows Strength. .
LONDON', May 5. (A. P.) Offer-
uiBa a i. me wool auction sales e-rcr-day
amounted to 10.197 bales. Com
petition was good and the recent ad
vances were maintained. Cross bieds
were often five per cent dearer. Con
tinental buyers were active and with
drawals were small.
(East Orcgonian Special.)
STAN'KIELD, May 5. The operetta
"Wind Mills of Holland," was present
ed Friday evening in the auditorium
of the high school under the director"-'
3hip of Mr3. H. B. Reese for the bene
fit of the Ladies' Aid. The house was
full to overflowing and the entertain
ment was exceptionally good, $92,56
The Catholic Ladies Aid met Wed
nesday ufternoon at the homo of Mrs.
Don 1'ruitt on Barbara street.
The American Legion boy(s havo
comruencHl excavating for the base
ment of .their new club house whjch
will be erected on Muin strtet, corner
of Taft avenue.
Vrs. Elizabeth Foster of Pendleton.
was the guest of her nephew and
niece, Mr. and Mrs. C. M. Dupuis, on
Mrs.' Jack Kinney is visiting her sis
ter at Camas, Washington.
Mrs.-Annie Webster of Fargo, North
Dakota, is the guest of Mrn. F. B. Stu
The Study Club met at tho home of
Mrs. F. K. Everett Thursday afternoon.
Tre study for the afternoon was Mark
Twain. Mrs. Lane gave the biography
of Merit Twain and Mrs. Victor Mat-
tin gae readings selected from Mark
Mr. and Mrs. G. U Dunning was
Pendleton visitors Monday. ,
Mrs. James F. Lane was In the coun
ty metropolis Monday.
Mr. and Mrs. Chester Dupuis motor
ed to Pendleton Wednesday.
Carl Helm was looking over Pendle
Mrs. Emma Fregnitz will go to Port
land Friday "or a month's, visit with
her son Darwin and family.
' .Miss Mable Miller was shopping In
, Mrs., Harriet Ktanfleld of Portland
was the week-end guest of her daugh.
tor. Mrs.. Carl Helm.
, -Mrs. M. It. Ling was in Hermiston
ho first of the week.
'C. K. Webster and Mrs. Webster of
Furgo, North Dakota, are spending a
few days here. Mr. Webster will be
remembered as one of the promoters
When Stanfleld was in her Infancy.
Mrs. T. O. Yates is spending the
Week with her mother, Mrs. Hutchin
sen In Pendleton.
' (ieorge 'Coarse of Hermiston, was In
to-.in the fist of the week.
: D. B. 'Snyder, an insurance man of
Pendleton, was in town the first of the
I'tah Wool Growers
Ri fusi- orfrr of 16 8-4o.
SALT LAKF. CITY, May 6. (A. P.)
Wool growers of Jericho, Ftah,
have rejected all bids on the 100.000
pounds of wool pooled by them. The
highest bid was 16 3-4 cents a pound.
Seeds from tho chaulmoogra tree of
India, the oil of which forms tho base
of a treatment successfully used in
treuting leprosy, have been received In
the Philippine Islnnds by the Bureau
of Science. An attempt will be made
to grow the tree for this purpose.-
Clieil by Commissioner.
TULSA, Okla., May 5. (A P.)
The Exchange State Bank and the
Central State Bank, both of Keirer,
Okla., and the Bank of Jenks at Jenks,
Oklahoma, were closed today on or
ders of the state bank examiner.
iMiw ruKK, May 5. (A. I
The Standard Oil company of New
Jersey today announced reductions of
one-half cent to a cent a gallon in
the price of various grades of gaso
line in territory outside New Jersey.
i ' j
THE RIGHT SIZE FOR THIS WEATHER
CLEAN AND UNIFORM
B L. BURROUGHS He Has It!
A Real Breakfast
One of the most appetizing meals of the day is the
morning meal. To make it a rounding success, a
real pleasure to the family, its preparation should
be from light, yet substantial foods, easily digested,
yet imparting sufficient energy to the body to main
tain health and vigor for the day's work.
KERR'S BREAKFAST FOODS (Kerr's Oats,
Pancake Flour and Wheat Flakes) will make your
breakfast a success.
"1 TABLE SUPPLY
Phone 187 and 188 739 Main Street
U. S. INSPECTED MEATS
CHAS. D. DESPAIN & CHAS. W. GOODYEAR
' - Proprietor!
On Hot Cakes
The most discriminating taste is sat
isfied with the delightful, wholesome
flavor which Golden West gives to the
breakfast plate of hot cakes.
Remember, that your grocer will
give you Golden West Butter if you say
i e sr-r
The Wholesome Butter
Juvenile Shoes thatSlavdfidritliiflis.
Just tuppow you were manuricturcr ol quality children' ihoet tttlmiiely. Wouldn't
you do evcrytliinf in your power to build the fineil nd moil dur!,le juvenile loolear
Wouldn't you ice to it that you encetled? Certainly! That'f hit the manufacturert ol
"Little Pilt" have accomplilied. They're buildinj the kind of ihoe you would build for
your own child, if you were the builder. They've ued the finest leather; they'n
employed the mot expert craftsmen whose sole purpose is to build durability and cor
rectness of construction Into the shoes. All sires in sin colors o( leilhcr now ready.
Thty'vt modt ihtr way by tht vey thty'rt madt
All the way from Kansas to China
to b married. That's what Mini Olo
Hawkins ot Amity. Kas., will do aft
r she Is araduated from - Karmaa
Wesleyan University In June. lor
fljncr, Vairrn 8. Pudley, a in:s-
alutiary, is in 1'benf king, China.
run your old plow, when you can get a new
. i .
, r ,
.This is only a limited stock and ' this exceptional
value should be investigated at your earliest oppor
tunity. A complete stock of parts always available.
, Sturgis & Storie
l'ondNtou's Irailliig store.
U U $ tt 0'.
Makes Car Dividends'
' Think of an automo
bile as a productive in
stitution not merely an
expense. You 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
BUICK, CADILLAC AND CHEVROLET