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About East Oregonian : E.O. (Pendleton, OR) 1888-current | View Entire Issue (June 17, 1921)
TEN PAGES '
DAILY EAST 0REG0N1AN, PENDLETON, OREGON, FRIDAY EVENING, JUNE 17, 1021.
DAILY MARKET INEWS, LOCAL AND GENERAL
Including Pendleton Prices and Associated Press Reports
Kliofi find Imh
Mhiw Wmknrm t I'wllancl
(From the OtP"n Journal.)
TlK-re wre nine Inncln of livestock In
the North I'"rtlm1 ltr at the open
ing of the Thursday morning; trade.
Mont of thr ron-ltei1 of 8heep and
lmh, with the market showing a
weflk undertone: tfur were steady to
lower, while mtle hnd a fairly steady
h!le lop In the hor alley nt North
l'nrtlnnd were unrhnnitert at the open
Inn of the Thursday trade, there
wi'jik tone In the rent of the market,
with a neneral Ions of perhaps 2T.C
Irom former flKures. Top hi here
are quoted at !, the mime as the pre
vloiin day. hut compared with the
out of brtnKlnir In stork from the
mldweHt, thin price Itiw'lf is ahout 2-r0
General hog marnet ranre-
Tiinie llkht ."5r S.Od
Rmonth her.vy, 250 to 300
lloukh heavy. S00 Iba. up 6 uoitf 7.0(1
.fat plR 900
Feeder plK J1.50W S.OO
frag J.n0f 7.00
While on the surface It looked like
. steady tone In the sheep and lamb
alley at North Portland, in reality
the chance waa Indicated nt the open
"tnir of the Thursday market. a
Another Mr supply put In appear
r.nvr In the alleys and the trade's
wants continue over-supplied.
Letierai sheep and lambs range:
Kust of mountain lambs t.iSft ""
lies! valley lamhs .00 .75
Fair to ood lambs .... 5.00 i S.flO
Cull lamha .. 4.00 W B.00
I 'Rht yearling 4. SOW 6.25
Heavy yearling 4.00 4.50
Light wethers 4.00 f 4.50
Heavy wethers S.flO (ff 4.00
Ewes 1.00 f 4.00
Quite fair sales of stale cattle were
made at the opening of the Thursday
market, with prices apparently steady.
Although most iwisatisfaerory. the
market at North Portland showed no
general changes for the day.
Oeneral cattle market ranre:
Choice steers 7.00 7.50
Medium to good steere. . .50 7.00
Fair to medium steers . . .00fi 6.50
Common to fair ateers . . 4.00 fi1 S.OO
Choice cows and heifers 5.50 8.00
Medium to good cows and
-heifers 5.00 0 5.50
Fair to medium cows and
heifers 4.00 W 5.00
Common cows, heifers . . S.OOjf 4.00
Canners 2.00 W 3.00
Choice Feeders 5.25 r 5.50
Fair to good feeders .... 4.75 i 6.25
Bulls 2.505i 4.7
Choice dairv calves J.60$rl0.0
Prime light calves ..... 9.00 W J. 50
Med. light dairy calves . . .00 .00
Heavy calves S.OOW 1.00
OUTBURSTS OF EVERETT TRUE
THE OLD. HOME TOWN
sliown nti Stock Market.
NEW YORK. June 17. (A. r.)
React Inn tendenc.es again dominated
the stock market yesterday after an
Initial period In which numerous lead
ers recovered one to three points.
Knrly improvement evidently was
based on such favorable Incidents ns
the lower commnrclnl discount an
nounced by the local federal reserve
bank and rententlon of the regular
Northern Pacific dividend.
The sentimental effect of the devel
opment swore off before the first hour,
prices sinking almost steadily ft) the
Sales elsht hundred seventy five
Numerous additions to low- records
for a year embraced the prominent
steels, equipments, sugars, tobaccos-
and chemicals. Rails were Inclined to
steer an Independent course, but
yielded with the general list in the tin
settlement of the final hou.
Mexican petroleum was driven
down an additional eleven points to
103, but rallying: 4 1-2 points on short
covering. Its net loss of 5 1-2 points
represented a decline of virtually 20
points In two days.
U. S. Steel dropped to a fraction of
its recent low at 74 3-8 but met with
support at that level. Several active
specialties In the sugar, tobacco and
affiliated groups also made moderate
The money market pursued its even
tenor, offering of call loans at 5 1-2
per cent exceeding demand. Private
institutions made freer offerings on
Foreign exchange was erratic, early
strength giving way to sharp declines
In sterling when moderate amounts
of cable and demand bills appeared.
The Paris rate held, but other conti
nental remittances, Swiss and Spanish
excepted, were reactionary. Changes in
the bond market were nominal.
Liberty Issues showed moderate
gains and losses.
AFTER Te JOB WASTHTISP OTTO fOOND JMETHP
ryuNTC WHO PWeTED Hrs wool jnDv4 vAS Cotoft Bur
A NEW SAYINGS PLAN
Micn tlie Life Insurance Premium comes due there
ortentimrs arc no available funds to meet it
promptly. To solve this problem for the future, you
can open a special account in this bank, making
weekly or monthly payments sufficient to cover your
This plan will insure meeting your life insurance
pi-emlim promptly when due. and also give yon the
advantage of the accrued Intercut on the payments.
Write or call on us for further particulars.
The AmerkxiriNational Bank
'Stronger Sank in Gastern Oregon"
Profit Taking Causes
Wheat Price to Slump.
CHICAGO. June 1. (A. r.)
Heavy selling turned the wheat sharp
ly downward yesterday after a mate
rial advarice in the main to bullish
crop reports. The close was weak at
half to four and a quarter net decline
with July $1.28 to 1.2i 1-4 and Sep
tember $1.21 1-2 to 1.21 3-4. Corn
gained 3-8 to 1 cents, and oats finish
ed l-4c to 2c up. In provisions, the
outcome ranged from 10c decline to
a like advance.
Crop experts held the attention of
the wheat pit the first half of the day
with messages telling of threatening
black rust conditions in the northwest
and of damage by adverse weather and
by Insect pests throughout the large
areas of Ohio and Indiana. Asser
tions that the black rust had appear
ed in Minnesota and South Dakota
counted as a special bullish factor as
did a rise In foreign exchange. Cos'
sip, that big export sales to Italy had
been made brought denials, and were
followed be selling on a large scale.
Toward the last, the bears empha
sized reports that country offerings
were on the Increase, with harvesting
as a whole said to be making rapid
Activity by exporters was more or
less responsible for strength In corn,
Oats were given a lift by unfavorable
reports concerning the crop outlook.
Provisions showed Irregularity, be
ing affected on one side by lower hog
values, and on the other by grain
strength and by talk that the pack
ers had received a J5 000,000 payment
GET READY FOR THE
GOOD OLD SUMMER
Preserve your Health
Protect Your Family,
buy them an
This refrigerator Is seamless, porcelain lined, used In over a
million and a half homes In America. The materials used In the
Alaskan are seven walls of insulation, overhead circulation sys
tem, cork filled and equipped with removable, rust proof wire
No. 907 E, ice capacity 25 pound $22.00
No. 622, ice capacity 60 pounds $36.00
No. 623, ice capacity, 100 pound $44.50
Other style moderately priced.
124-28 E. Webb Phone 548
Your Old furniture Taken In ExduuMtc as Part Payment on Xew
l:1iu4e Agents In Pendleton for Aerolm (No Whip) Iorct
JACKSON JT TOth M G A j e
t F,ATTUMi. sood Vrotvr it es
j SOM6TH!J CtK THIS jtC
5 rKl' 1
for. HeAvefVs Kcs lVl-yJj'--z
Jackson H A.t ( AIlv
Com reel A JUV KhfiHfVJ
STORY (virrMOUTf s -EL
OFFICE CAT j
Kf D j
BY JUNIUS $
j. C Penney Co.. A Naiion-Wide institution
have been on about same basis as last
week. In the goods market there Is
The Commercial Ilulletln on Satur
day .will publish wool prices as fol
lows: Wiscon fleece, half blood, 25
(ifl'Hc! 3-8 blood, 25 Sf 26c; 1-4 blood,
Oregon Eastern No. 1 staple. 78 i
80c; eastern clothing, tinii'tlSc; valley
No. 1. 65??:o.
Territory Klne staple, choice. SO If
85c; 1-2 blood combing;. TOW72e;, 3-8
blood combing, 4 8 ft' 5 2c: al-4 blood
combing. 3842; fine and fine me
dium clothing, 60 W 63c.
Pulled Delaine, 8590c A A, 7c
85c; A supers, (I0i70c.
Mohairs Best combins, 2"iR30c:
"Know Your nuslncss''
Credit Men Advise.
SAN FRANCISCO. June 17 (A. P.)
The National Association of Credit
Men, In convention here today ad
dressed a message contuined in a res-
olution urging; him to study and
standardize his business.
"Know your business today through
and through, that it may contribute
the more surely to our return of solid
prosperity." the message read. "Sys-j
tematize it, seek to standardize It J
where standardization will mean
economy, speed of production and the
broadening of markets. Know your
costs to the smallest terms."
Another resolution adopted declar
ed the year just passed has given re
newed and greatly increased confi
dence in the federal reserve act. The
association protested against what
the resolution described as meddling
of political, sectional or class nature
with the reserve act.
The convention will close tomorrow
with election of officers.
Wool Market Irregular j '
With IHces Fairly Steady.
BOSTON. June 17. (A. P.) The
Commercial Bulletin will say Satur
day: The wool market continues Irregu
lar this week, although prices are
steady and demand fairly general.
In the, west buying proceeds with
moderation. The big sale of the week
was at Kerville, Texas, where about
24 cents is reported for the best 12
months and about 20 cents for the
eight months wool. Klsewhere sales
Clothing Price" Drops
Amount to 25 Per Cent.
WASHINGTON", June 17. (A. P.)
Men's clothing and furnishing goods
have dropped 25 to 30 per cent from
the peak of war prices, according to
compilations made by the National
Association of Retail Clothiers and
Only six per cent of the merchants
showed depreciations as low as 25 per
cent, while 41 per cent reported
33 1-3 to 40 per cent reductions.
Kleven per cent reported 40 to 50 per
cent depreciations in prices.
The survey was made by the asso
ciation to prepare a reply to the feder
al trade commission and to industrial
organizations, which, according to as
sociation officers, had criticised retail
clothiers for Insufficient price reduc
The world is full of pesky folks
But none ro fills us with distress
As he who can not speak six words
Without including "More or Less."i
Prospects of a ltianner Crop.
Mr. and Mrs. Norman Thllmont, a
former resident of this town, are the
happy parents of a' 11-pound baby,
born April 5. This makes three heal
thy boys for Mr. Thllmnni's future
Dr. D. C. McNabh has been so suc
cessful in experimenting with raising
baby foxes that we suggest that the
Doc mate carrier pigeons with par
rots so that In the event tho feathered
messengers get lost they can inquire
During the O. A. R. encampment
we were asked for a definition of pa
triotism. We believe it Is something
akin to fhat feeling which makes every
flea firmly beleave that he lives on the
most wonderful dog in the world.
We heard tell that there Is a rumor
that prohibition may be enforced next
He Has I'.volntcd
' Whfct has become of the old time
Invor who used to lay a few nickel ci
gars on the mantle before he'sat down
on the sofy? Abe Martin.
He is bumming his best girl's Mllos.
i As has been repeatedly explained,
this column assumes no responsibility
for Its own opinions or those of contributors.
Oxfords and Pumps
This summer promises to be one of the big
gest white shoe years we have known and well
it may be with the clever new canvas styles
shown for this season. .
CANVAS SPORT OXFORDS
Of fine quality Reinskin cloth so tightly
woven that it looks like leather. Trimmed in
brown kid, Goodyear welt soles, low leather
heel and round toe, widths AA to C, pair $3.98
KID TRIMMED CANVAS PUMPS
Neat enough to be worn anywhere, good
enough to give more service than you will ask
of them. Fine quality Reinskin cloth, popular
narrow toe, enameled leather Cuban heel, two
strap fastening with fancy buttons, widths
AA to C, pair $3.98
WOMEN'S WHITE CANVAS SHOES $1.98
An economy event coming at an opportune
time is this group of high grade shoes at a
price so low that it causes one to wonder what
they can be. Just see them for ' yourself.
Eighteen eyelet style, welt and twin soles,
high covered heels, bal and blucher cut, the
ONE STRAP SLIPPERS $2.69
For growing girls or women who prefer a
low heel, this one strap of f era comfort and eco
nomy in a practical way. Plain medium toes,
close edge sole, good quality patent leather,
pair " $2.69
TWO STRAP KID HOUSE SLIPPERS $2.79
Here's a shoe that offers comfort to tired,
swoolen feet on sultry days, good quality
black kid, plain toe, two strap fastening, close
edge sole, rubber heel, pair $2.79
SLIPPERS FOR LITTLE TOTS
A nice assortment of slippers for litttle tots
awaits you here, black kid, white kid, white
canvas, or patent leather, instep strap, ankle
straps, Roman sandles and barefoot sandals,
pair 98c, $1.19, $1.49, $1.69, $1.89, $1.98, $2.49,
S1 DEPARTMENT STORES
J. C Penney Co., A Nation-Wide Institution
THE HRST NATIONAL BANK i
r 'ti " j
' to- THERE'S A REASON, OSCAR ' jj
(Jj) () (EEB 1
f WHV IN SAM Hl.C S f WE CANT MAHt 'EM 5H0ftTEv0
30 yoi) WEAR. I ( BtCAOSfc J V-J MUCH U0H6ER.
EM SO SHORT . S ,
Offers an unexcelled banking service to in
dividuals and corporations; transacts a
general banking business and maintains
special departments with facilities of the
A Bonus Now
This Is the season when you get double comfort and satisfac
tion out of every mile you ride In nn automobile.
Any car earns blRfjer dividends In happlnens for the next six
months than at any other time In the year.
A Dollar Enjoyed ii a Dollar Saved
Oregon Motor Garage
BUICK, CADILLAC AND CHEVROLET