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About East Oregonian : E.O. (Pendleton, OR) 1888-current | View Entire Issue (Aug. 18, 1921)
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DAILY EAST OREGONIAN, PENDLETON, OREGON, THURSDAY EVENING, AUGUST Iff, lWf.l
"1 TEN PACES
DAILY MARKET NEWS, LOCAL AND GENERAL
Including Pendleton Pricei and Anociated Preia Reports
1toke I'urOwr Drop
(From The Oregon Joiirnnl.)
Th prevailing weak undertone in
the North I'ollland hup market given
rise to the prediction that the local
market may follow the lead of nil
Eastern markets and take, another
price decline. Nothing arrived In the
yard nvernlght except drive-ins, and
they were very weak.
General hog market range:
Irlme light 111.5051 11.75
Smooth heavy, 250 to 800
Smooth heavy, S00 lna,
,lp R.SO?? .K0
Ilough heavy . 8.50
Pat pigs 11.SOB1I.00
flUg 5.00 r 7.00
For the second day In succession
nothing arrived in the cattle alleys.
iTtocs were Uof!f"s nominally
steady. , tn, '. , .
General cattle market range:
Choice steers $ .K? .S0
Medium to good steers.. 5. BOW COO
I'air to medium steers .. 5.00 5.00
Common to fair steers .. 4.00 5.00
Choice cows and heifers 4.75 5.25
Medium to good cows and
heifer 4.25. 6.00
Fair to medium cawg and
Common cows, heifers . . 2.50i 3.50
Canners 1.75 2.50
Bulla 2.50 S.50
Choice feeders 4.50 4i 6.00
Fair to good feeders ... S.50 5? 4.75
Choice dairy calves ...... 10.5011.00
Prime light dairy calves 10.00 10.50
Med. light dairy calves. . 7.00 iu.vo
Heavy calves 5.60 7.0o
General tone of the sheep market
was ateady. One double deck, car of
extra fancy valley lambs sold 50 cents
above the market for $6.50.
General sheep and lamb range:
East of mountain lambs $ 6.50
Best valley lambs 6.60 &
Fair to good lambs 4.50
Cull lambs - 1.60 &
Feeder lambs 1.50
Light yearlings S.60'jj
Heavy yearlings -. 2.50
Light wethers 2.60 f?
Heavy Wethers 2.00
Ewes 1-00 8
THE OLD HOMETOWN
VBV BooB WAS On or c
KM"F n006' IN FOUND IN J Jf STAItLS
QNAU6UST tEYEfrSlCg BOX N
Vigorous Rebound of
Values In Closing Hour
NEW YORK. Aug. 18. (A. P.)
Conditions in the stock market yes
terdnv underwent some alteration
from their recent reactionary trend.
Numerous speculative issues establish
ed new low records for the year, but
these were recovered in the vigorous
rebound of the lust hour.
Apart from a favorable forecast of
Mexican Petroleum's earnings and
some activity in the steel trade, there
wn no soeeific news to account for
the sudden reversal. Technical con
ditions or an over-extension of the
shorts probably were accelerating fac
Prices were lower by 1 to 4 points
in the first half of the session. Bears
made capital of further dividend re
ductions and omissions and the reten
tion of the 6 per cent rate for call
money, that rate holding throughout
Oils were the outstanding features,
especially foreign issues. Prior to
uublication of Mexican Petroleum's
prospective financial returns, that
stock, as well as pan-American. Shell
Transport and Royal Dutch were un
der constant pressure.
Independent steels and secondary
euipments, which are dependent upon
the railroads for their sustenance,
also suffered variable setbacks with
motors, chemical, fertilizer and food
New York Airbrake was the one
stock to manifest little recuperative
nower declining 5 points. Sales
amounted to 475,000 shares.
A brisk rally in marks resulted In
buying for German account and intl.
mations that impending reparations
payments are likely to be anticipated
featured the foreign exchanges. Lon
don and most continental rates, not
ably Dutch bills, were inclined to re
Trading in bonds were more diver
sified and a steadier tone ruled in the
more important domestic and foreign
issues. Liberty fourth 4 'As showed
especial strength. Total sales, par
TO GET RICH QUICK
is alriglit, but usually It is the other fellow who is
getting "The Riches".
Why risk your money in a scheme that vanishes
over night and leaves you discouraged and money -let?
Always question and thoroughly investigate the
safety of an investment Uiat promises sure and large
Keep your money in this strong bank, where it will
be safe from loss. Let it accumulate in an interest
yielding Savings Account, until you have enough for
a home, or a business or an education.
A Savings Account means "Ready Money" and yon
too can have such an account.
Hie AmeriranNSional Bank
"Strongest Sank in Gastern Oregon
OUTBURSTS OF, EyERETT TRUE
in b in
ifljHCN 1 tvANT To 3o CAT, t'OU !
(want to stay homsnp tvrtoN r
U)AWT TO VWf HOME, YOU VVANT Mfc To
So OUT!! lVHAT AOovjT IT, NOW
S H4Va T QUICK UWT
OG. TH5 OTHOR I'.', r-r
THAT T , YOUR
DESVRS TO 'RSKIM
Ax non THia
IT v. K?
JAPANESE CROWN PRINCE
IS APPOINTED REGENT
10 and 25 cents lower; top yearlings,
J 10.25, westerns slow, bidding lower;
she stock, bulls and veals generally
steady; Blockers steady to strong;
feeders steady to weak.
Sheep Receipts 13,000. All classes
generally steady. Bulk western lambs,
J9.25 10.15, top 10.:5; bulk native
lambs, 19(38.25; ewes, mostly J3.50ifti
4.10; good and choice western feeding
lambs, 7.50 ft 8.
JAPS GRAB U. S. BY
Bearish Relwrts On
Conditions Puts Wheat Down
CHICAGO, Aug. IS (A. P.) Un
favorable reports about general busi
ness conditions gave an advantage
yesterday to bears in the wheat mar
ket. Prices closed heavy 24c to 3c
net lower, with September $1.196 to
$1.19?4 and December $1.20 to $l.!l
Corn lost c to 7-8 Wlc, oats He to
tyc and provisions 15c to 5le.
Attention to trades in wheat cen-
! tered largely on official announce
ment that o.iiiu.uuo people are out oi
work in the United States. Federal
reserve board statements about fac
tors operating against business pro
gress were likewise given much notice,
and so, too, were fresh declines in the
New York stock market and in foreign
exchange. The bulls were further
handicapped by assertions that est!
mates of yesterday's export business
had been greatly exaggerated. On the
resulting breaks in wheat prices,
houses with eastern connections did a
good deal of buying. As a rule, how
ever, longs showed an Increased desire
to liquidate their holdings, and with
hears operating more extensively, ral
lies failed to last, notwithstanding
that country offerings were light.
Corn and oats descended lower than
at any time here tofore this season.
Demand was of only a scattering
Sharp downturns In the provision
market were brought about by the
weakness of grain and by a decided
tumble in the value of hogs.
Ijower Prices Rule
On Omaha .Market
OMAHA, Aug. IS. (United States
bureau of markets.) Hogs Receipts
9000, market mostly 40 to 50 cents
lower. Bulk better grades, 8.50!9;
top, load lots, $9.65, part loads, J9.75;
bulk packing grades, S 7.50 Si 8.25.
Cattle Receipts 6000. Feed Bteers
FORT COLLIN'S, Col., Aug. 18. (I.
N. S.) Declaring that there is dan
ger that the white race in America
may be driven from the land by Ja
panese, In the same manner as the
whites displaced the Red men, Pro
fessor Thomas Nixon Carver, Harvard
economist, made a plea her.e for re
striction of Japanese immigration in
to this country.
Trofessor Carver lectured here un
der the auspices of the summer school
of the Colorado Agricultural College
taking for his subject "International
Competition in Farm Products."
"The Indian, in most Instances, was
not driven off his land by force," Pro
fessor Carver said, "but sold his land
to the white man and moved, as the
lund was of greater value, economica
11 v to the energetic whites than to
the Indifferent Indians."
When one race can live so much
more cheaply than another that- it
can afford to pay more for the land
it will gradually acquire the land and
the other race will move off, accord
Ing to Professor Carver. "With this
condition already offering a problem
In California," he said, "there is noth
ing to prevent us going the way of the
Indian for the Japanese farmer can
do the same to the white farmer that
the whites did to the Indians years
ago and cultivate the land much more
economically thus forcing the whites
to move on.
"Something must be done immedi
ately to restrict Japanese immigra
tion," the professor concluded. "And
it is just as well to observe our 'line
fences," as wc can be more peaceable
neighbors if we do this." '
Professor Carver urged the neces
sity of an amicahie agreement be
tween the United States and Japan
that would restrict Immigration of
Japanese into this country.
BY HENRY W. KINNEY
(United Press Staff Correspondent.)
TOKYO, Aug. 18. When the Crown
Prince returns from his visit In Europe
he will be appointed regent of Japan.
This was the belief today of the
best Informed public men and Journal
ists, 'but as yet no whisper even has
been allowed to filter through into
print. No newspaper would dare to
discuss the matter, as it would mean
certain and instant suppression.
The Crown Prince is now of age,
according to Japanese count. Over a
year ago, when all 111 health of the
Emperor reached the stage where he
could no longer attend public func
tions, and when it became necessary
to have the Empress or the Crown
Prince receive ambassadors and per
form similar duties in his place, there
was some talk about appointment of a
regent, Init the Crown 1'rince was not
mentioned at the time, and the Im
perial Household Department prompt
ly denied the story.
Now, it is pointed out, the Crown
Prince is receiving the finishing
touches in his training as a future
sovereign by his visit in Europe, and
there wilt bo every reason for placing
him in the position as regent "Xrhcn hi
In the meantime the press satlafics
Itself with elaborate speculations with
regard to the movements of the Elder
Statesmen, particularly a long confer
ence whk-h Prince Yamagata and
Prince Saionjl recently had with the
Emperor. Most of the papers confined
themselves to the supposition that the
talk concerned itself with arrange
ments for the Crown Prince's return
and for his wedding.
Whether the Crown Prince is. In
fact, made regent immediately upon
his return to Japr.n or not, the public
looks forward towards great changes,
owing to his experience abroad. Great
satisfaction has been expressed at his
rubbing elbows with ordinary mortals
In England, France and elsewhere.
The mass of the people, as well as
many enlightened men of high rank,
look forward to a more democratic
turn of things.
An Evanston, Illinois, iman won a
baking competition from 45 women at
a county fair. Forty-six loaves of
A company is being organized In bread were tested ly well known die
Belgium to exploit papyrus, which titians and experts, and all agreed the
grows in the Belgian Congo. man's loaf was tho best.
BOY, PAGE MR. EDISON OR MR. MAXIM
Prices that will keep you from going away from
home to buy.
$33 AXMINSTER, CITY PRICE $63 v
OUR PRICE $43. , ;
Cruikshank & Hampton
124-28 E. Webb Phone 548
Yr CMd rarnlture Takes In Exchange as Part Payment on Kew
luxctuatv Affeois In Pendleton for Aerolos (No Whip) PorcB
71 i T ?l : 1L ( vny DOES OOft hOQ CKASt
Jfl VJ MWy ) Hs TA,L ?
(f. J) Of PAW, WHy AM I AfRAlD Of
A "1 vVt THE "DARK ?
V ) PAW,vmy CANT the BAfty
f f A VY 0 TAUK?
y ( ijy - ) vjny "Dots OU BW StHQ?
' -Ci pAw.vJHy' -haven't yoo
SU DEPARTMENT STORES
(Town Name Sere)
Designed and Sold Exclusively By Us
Fine Fur Felt
Every fur felt Marathon Hat made for the J.
C. Penney Company, retains its shape and origi
nal size, so that you'll appreciate a Marathon fur
felt more and more as you wear one of ours. Full
leather sweat, all silk bands.
The season's popular colors, green, seal and
69c PONGEE SILK 69c
Another shipment of that excellent all silk pon
gee to fill the wants of our friends we were un
able to serve with previous shipments.
The same good quality free from filling, no
TI1K IAIKSKST CHAIN H-:i.nTMENT
iSTOUE OltGAXIZATlON IX THK WOIUJ).
I OFFICE CAT
"Of all the would-be highbrow birds,
The worst," Sikid Dolly Htrong,
"Are those who use such great biff
And always use 'em wrong."
The modern troubadour doe'.n't
twang his lyre. He honks his "nom,
yet he manages to get results.
Rome of the recently uncovered cars
look palo and sickly, like the grass
one sees on raising an old board side
walk. Where can a man buy a ap for his
Or a key to the lock of his hair?
Can his eyes be called an neademy
Because there are pupils there?
In the crown of ms neau wnai geir.
Who travels the bridge of his nose?
Can he use when shingling the roof of
The nails on the end of his toes?
Can the crook of his elbow be sent to
If so, what did he do?
How does he sharpen his shoulder
blades? I iBL
I'll beihanged It I know, do you?
Can he sit In the shade of the palm
of his hand?
Or bent on the drum of his ear?
Does the calf of his leg eat the corn
on his toes?
If so, why not grow corn on the ear?
Walk fast. Bill Hlngold" fire de
partment looks Just as much like bus
iness when answering a false alarm as
when going to a real conflagration.
Don't smoke In a garage. If your
life isn't worth anything, gasoline Is.
Don't underestimate yourself, but
don't imnglnc that you are Indispen
sable. The world could wag along
TOP CAX'T FOOIt LATHES.
CLEVELAND, Aug. 18. (L N. S.)
She was a woman and entered the
office of Hoardman & Braycr, steam
ship agents, to buy a ticket to Niagara
Falls. Kho tendered a 10 bill in pay
"Change at Bufraio, sain me chtk,
as he shoved the ticket through the
"None of that, young man." she re
plied. "I want my change here and
jinn h itiiiiiiiiiiuiiiiiiiiiiiiiiiiiininiiiiiiiiiiiiiiiiiiiimniiiiiiiiimiii
The coal that meet3 your requirements. See that you x
I get the genuine for storage. 5
S Cleanest, Hottest and Mot Economical
I B. L. BURROUGHS He Has It! I
Used Car Bargains
1918 Reo Chummy Roadster Has all good tires, one
extra tire, excellent condition in every way.
Terms, $200 down, balance 12 months.
1917 Hudson Super-Six, 7 passenger Runs like a
new car. Price $850.00
Terms, $250.00 down, balance 12 months.
1919 Oakland Touring, all new tires, wonderful con
dition. Price for quick sale : $745.00
Terms, $200.00, balance one year.
1918 E-49 Seven Passenger Buick, completely rebuilt
in our own shop. Price ......$1200.00
Terms, $400.00 down, balance one year.
Oregon Motor Garage
lW-m.Wcst Court St.