East Oregonian : E.O. (Pendleton, OR) 1888-current, June 04, 1921, DAILY EDITION, SECTION TWO, Page PAGE TWELVE, Image 12

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    FACS TWELVE
DAILY EAST OREGONIAN, PENDLETON, OBEGGN, SATURDAY EVENING, JUNE 4, 1021.
TWELVE PAGES
DAILY MARKET NEWS, LOCAL AND GENERAL
Including Pendleton Prices and Associated Press Reports
Wheat IVmlitclbin In
India Itekiw Normal.
WASHINGTON. Jim 4 (A. P.)
According 1o advices to the depart
ment of agriculture from lhe Interna
ilonnl Institute nf Agriculture at
Homo. the proportion of wheat
In India l estimated ! the Institute
nl SS!l,nM.on hush 'hi, f 9. per
twill Of tin- 1S20 production anil T3.2
per ceril of the nvtrairii for the prwed
tng five ycnr.
The 1SS1 cultivated area of wheat
In Kurie and North Africa for which
Mtji'lMlrH were available anil repre
tentUifc 1 per cent of the world'
imi'alile production, whs given as
4",'i S (Mid a.-res, or per rent ol
lie nn lor Hit. The-1921 rultiu-.t-fil
aieu of rye In Ihe name countrb
Wiir Riven as 15.IlS.Ant) acres, or 9R.1
per cent of Ihe area of rye lor lSJft.
Iral
ally
Europe wore report ml as gener-fccod.
I'nwrii Credits Halts
I'Hu'AOil, June 4. (A. P.)- The
I'efiatlon process In business la still
far fiom complete, according to it re-J
I port to the National Electric. I Jtcnt ;
Association convention todav The
report ran submitted by a committee'
henled by Sidney Z. Mitchell, of New'
YorK.
'The slowness of recovery In the!
financial conditions la due primarily
to enormous amount of banking funds
tied up In froien credits and by the I
runner enormous demand Tor money
for our KOvernmentV Ireasury bills,
by bund reds of millions in foreign
loan which are being floated here,
by the great investment demand for
gutions and to satisfy the most press
lug pent up dem.i.'ids for housing an I
corporate construction," the report
declared.
Declaring that Ihe committee fell
that It was nationally Important that
'young men should start their bus!
ilea life with correct Information anil
ideals of the public service corpora
lions, and the people," It was recam
n.tuled that the association put Into
life,! a plan to place before student
In universities and colleges correct
informatics as lo public service and
private ownership.
t'rop conditions In western and cen-monev to meet Inrr mnH n.
Is jour Dollar Mive?
The Insy dollar la much like the lazy man. it does not
earn anything over lis own keep, becomes detriment
al, liability rather than an asset.
Keep your dollars active by dcpo:m thtn In Ibis
wrong haiik where the;- will bo kept 111 circulation
and very busy, as well fc yieldiug you Interest.
Vour avouut is Invited. t
TKp
IllVi UUUlVUllllUllVIMIIlUUk
1 Pendleton. Oregon.
'Strangest Sank in Gastern CViegOtt
c
Tur
Delivery
Regular ice delivery will start Tuesday,
- June 1st Call 178 for an ice card or stop
our drivers and ask for a card from them.
We invite criticism. ,
Kindly report any inattention of our
drivers lo the office.
Phone 178
Smythe-Lonergan
Co.
- Quantity Service
Quality
GET READY FOR THE
GOOD OLD SUMMER
TIME
Preserve your Health
Protect Your Family,
buy them an
sKan
Ala
Refrigerators
This refrigerator la seamless, porcelain lined, used In over a
million and a half homes In America. The materials used In the
Alaskan are aeven walla of Insulation, overhead circulation sys
tem, cork filled and equipped with removable, rust proof wire
helves.
No. 620, ice capacity 35 pounds
No. 621, ice capacity 45 pounds
No. 622, ice capacity 60 pounds
No. 623, ice capacity, 100 pounds ...
Other styles moderately priced.
..$24.75
.$30.00
$36.00
..$41.75
Cruikshank & Hampton
"Quality Counts"
124-28 E. Webb Phone 548
i
Tour Old t-Vrnlture Taken la Ki change a Part Payment on New
EscJudta Agent fat Pendleton for aerutux' (No Whip) Puecti
Blukim
PITCH KHS IN F.I-THCTIVK
l.OS A.N'GKl.KS, June . (A. P )
I.os Angeles defeated Vernon 7 to 1
yesterduy. .os AtiRele.s knocked Me.
Oraw out of the box in the second In
ninir. l.ove who replaced him wiis
ineffective and was taken out to make
room ror Schneider, who pitched tho
remainder of the pme. Schneider
walked eieht men. In the first IiiiiIiik
f.os Angeles made three runa on three
siiiKles, a double and an error. The
Tigers could not hit Crundall.
lnniifa(1iircrs Are '
lluylne lyess VhI
BDSTOX, June 4. (A. p.) The
Commercial Bulletin says:
The wool market la quieter, ninny
manufacturers apparently having
covered their immediate requirements
and finding no necessity for further
buying of moment, although the
goods market is reported In a healthy
condition and the mills are well occu
pied. Buying la rather more general
in the West and values are very firm
on about the levels of a week ago.
Comparatively little ia being done in
the bright wool states. '
Scoured bases Oregon-Eastern N'o.
1 staple, 78r80; Eastern clothing S3
T68: valley. No. 1, 65J70; fine staple
choice, SOirasr,; 1-2 blood combing 70
W72; 3-8 blood combinff 48I52; 1-1
blood combing 38i42: fine and fine
medium, clothing 60i63.
Pulled-Delaine, 8590; AA 75 iffSS;
A Supers, SOW 70.
. Mohair Best combing 27SJS0; best
carding, 2225.
Business Conditions
Work Toward Sounder Basis
NEW YORK. June . (A. P.)
Dun's report says:
Another month has passed wlthou
general recovery in business, but con
ditions are steadily working toward a
stronger and sounder basis. Changes
essential to revival have 'long been In
progress, and there Is hope that a more
decisive turn for the better will be wit
nessed after the ending of summer.
With special causes for hesitation, the
present situation is marked by waiting
in many Quarters, the disposition being
to defer important action until neces
sary readjustments have been extend
ed. While exceptions to this policy ap
pear in certain Instances where liqui
dation has seemingly been completed,
the attitude of most buyers is reflect
ed in their persistent disinclination to
operate beyond Immediate require
ments, future price consideration being
a factor. That the yielding in some
commodities has been checked is evi
denced by one smaller number of de
clines in Dun's list of wholesale quo
tations, but the prospect of additional
recessions is assigned as a reason for
the withholding of demands in not a
few lines and this phase is still promi
nent in the great iron and steel indus
try. Weekly bank clearings, tr,70S,
52.1.331.
Tight Moncj llrings
Keiluciiig Prices
NEW YORK, June 4. (A. P.)
Liquidation and short selling effected
further price impairment in the stock
market yesterday. Standard shares
lost one to five points, while specula
tive Issues fared even worse.
Pressure accumulated through tight
money, indications of trade depression
and further dividend omissions. Chief
among these were Cuba Cane sugar,
preferred, and Armour Leather, pre
ferred, while International Harvester
announced a cut in the common divi
dend. The Cuba Cane dividend action evi
dently came as a surprise. The stock
sustained an extreme loss of 13 points
on heavy offerings which included a
block of 4000 shares.
Other sugar shares were extremely
weak, as,were many food stocks, mo
tor subsidaries, cheaper oils, chemi
cals and shipping. Ralls were dull
and irregular. Weakness ruled at the
close on a turnover of 635,000 shares.
Call loans opened and renewed Into
next week at 7 1-2 per cent, a quota
tion that prevailed throughout the ses.
sion. Rates for time funds were unal
tered, hut supply diminished.
The heaviness of foreign exchange,
particular sterling, was associated with
selling from London on rejection by
British coal miners of the govern
ment's proposals. German and Greek
remittances alone showed comparative
strength.
OUTBURSTS OF EVEJRETf TR UE
BUY A KtH-Ul MOVCC, ilvji IT Hirte
jb.iiH3 Lts-lfc tWMCJ NOW
A DAY.
ft I 1. . T 1
a pay ... y- rs
I T U V II
CCM3 NOW fi. lAvfi! Ny
. "CO MeS NIOUJ r
QOES MOW "SVVr-l
The chief feature of the bond mar-morrow. It Is a crisis like this that
ket was a rallv in liberty 314s. These
closed at 87.90, a net gain of slightly
than one point and almost two points
nbove yesterday's low record or Kb.
Other liberty issues showed mixed
gains and loss and the general bond
list was irregular. Total sales, par
value, $14,675,000.
Slower Export Demand
Lowers wheat Price
CHICAGO. June 4. (A, P.)
Sharp setbacks in the price of wheat
took place yesterday after the market
had touched new high record quota
tions for the July delivery. Slowing
down of export business counted as a
bearish factor, and so. too did ideal
weather conditions. The finish was
heavy at 3 V, to 3 c net. decline, with
July $1.37 to $1.3714. Corn lost 1 to
2c, and oats to lc. In provisions,
'he outcome varied from 2c declined
to 5c advance.
Wheat values began lo break as soon
as the opening figures were posted
showing that the season's high price
record had again been outdone.
It was said that large offerings to
Europe overnight had not been accept
ed, and that Italy would need only 40,
000,000 bushels of wheat this season
as agnlnst ll'')00,000 bushels Import
ed last season. ,
Some eastern buying on the declines
caused one decided rally, but the effect
was more than counterbalanced later
as a result of arrangements to start
trading In the September delivery here
without delay.
Corn and oats were depressed by a
renewal of large receipts of corn. The
arrivals of corn were estimated to total
700 cars.
Provisions averaged a little lower in
sympathy with grain and hogs.
trios the mettle of man, Ernie,.
It the Offiscat follow you on your
vacation. (Adv.)
j
One of Ihe most sound cures we
have hiMid of is one for deaf and
dumb people. (Portland Contribut
or.) Pome folks believe themselves ac
complished musicians who have only
learned to change needles on a phono
graph. . We tote1 that J. C. Penney yester
day offVred through the columns of
the E. O. "slippers and shoes for chil
dren with leather or rubber soles."
Oh, for the flexibility of childhood!
Boss to stenographer How do you
spell "income"? You've got it
"l-n-c-u-m."
Stenographer Good heat-ens! How
did I come to leave out the "'b"?
A Chlcngo man, who recently was
declared a bankrupt, blames prohi
bition for his failure. He formerly
operated a home for Inebriates,
I.AllOllKIt IS DIX'.VPITATED.
ST. HELENS, Ore., June 4. (U. P.)
Caught in a loop of a blackened
high line cable, H. Hamon of Portland
was decapitated when the cable tight
ened. He was employed at a camp
on the Kerry railroad, near here.
J. C. Penney Co.. A Nation-Wide Institution
The Penney Store
Saves You Money
Every Day
Not just a few especially low prices ' now
and then but the lowest possible prices al
ways that the largest chain store organiza
tion and specialized merchandising methods
can produce is the every day program of Pen
ney stores. It will pay you to pay cash here.
Clark's Sewing Cotton, 150 yd. spool ..... 5c
Coats Crochet Cotton . . . . ; ............ i 10c
' Shoe Laces, black or brown, 2 pairs ...... 5c
The best Laces, round or flat, mercerized '
black, brown, white, all lengths to 81
inches . ............. ................ 5c
Black Shinola Shoe Polish 5c
2-in-l Polish, brown and oxblood ........ 10c
2- in-l White Cleaner ? .....10c
. Liberty White, the best cleaner for kid
shoes, gloves, etc. 19c
- Gilt Edge Shoe Polish 19c
Trimming Beads, bottle 8c, 15c
Clarks 0. N. T. Darning Cotton, 2 spools. 5c
Dr. Parkers Hose supporters, pair...... 39c
Hickory Garters, the best for children,
white or black, all sizes, pair 19c
Steins Hickory Elastic, best quality, white or
black,' 14 inch; yard 6c! 3-8 inch, yard 7c;
1-2 inch, yard 8c ; 1 inch, yard 15c.
Hair Pins, package 2c, 5c, 8c, 10c, 15c
Bone Hair Pins 8c, 15c
Duro-Belle Hair Nets, each ....... . . . ... 10c
Kid Curlers, bunch 8c
West Electric Hair Curlers, card of 5 .... 23c
Crochet Hooks, each t. .......... . 5c, 8c
Best Quality Safety Pins, all sizes ....... 8c
Common Pins, 2 packages . , 5c
Best Quality Pins, large package .... 5c, 8c
Trimming Braids, package 8c, 15c
Cotton Tape, roll 4c
Lingerie Braid, bolt 8c, 10c
, Hooks and Eyes, card 5c, 8c
Society Sport Veils 5c, 10c
Face Chamois, each 15c
Tooth Brushes ; ..... 10c, 19c, 25c
Propholactic Tooth Brushes 33c
Hand Brushes '. . .... 10c
Keepclean Hair Brushes 49c
3- in-l Oil, bottle ..13c
Lead Pencils 2 for 5c and 5c each
Carter's Library Paste, bottle 8c
Le Page's Liquid Glue, tube or bottle . . . . . 15c
W wXtl DEPARTMENT STORES
OFFICE CAT
BY JUNIUS
3
BUICK
miitmeSaifictioa
6
The Offiscat understands that Mar
shall Spell appreciated honorable
mention In these colyums but he hasn't
been around with the segars. .
To lie. Or Not lo He.
Today is one of great decision for
Ernest Dohnert. It Is practically Im
possible for the young man to deckle
whether to be a guest at the Peoples
Warehouse picnic or a host at the
American Vational bank outing to
THE OLD HOME TOWN
By Stanley
A STRAN6E GOAT MAI) WAlSHCD THC rOUSJ BUSMfcS Of MNOCUOMS
HE MAP PiCkEC o win -
CjyUfCK'S twenty-year service record
U indicates that in Buick there is an ex
traordinary transportation value.
Ownership of a 1921 Buick will bring to
you this sure personal transportation value
with the added roominess and beauty that
have been designed in the new models.
Let us demonstrate how handy the rriech
anism. how easy the car operates, how
powerful it is in taking hills.
Wherever you travel you will find Author
ized Buick Service.
Since January 1, res
cn all models includes
equipment
If If
Cord Tires VsV SL
Oregon Motor Garage, Inc.
Phone 4G8 119. 121 W. Court
; WHEN BETim AUTOMOBILES ARE BUILT, BUICK WILL BUILD THEM
9