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About East Oregonian : E.O. (Pendleton, OR) 1888-current | View Entire Issue (Aug. 18, 1921)
, . --r-r- , .... PACE TEN DAILY EAST OREGONIAN, PENDLETON, OREGON, THURSDAY EVENING, AUGUST Iff, lWf.l "1 TEN PACES DAILY MARKET NEWS, LOCAL AND GENERAL L Including Pendleton Pricei and Anociated Preia Reports Hi MJf 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 pound 9E0flO.6O 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 heifers 4.25 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 7.25 6.00 6.00 3.00 3.00 4.00 S.OO 3.00 2.50 3.00 L THE OLD HOMETOWN By Stanley 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 tors. 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 the day. 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 issues. 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 act. 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 value, 38,650,000. 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 profits. 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. 1:1 3 3 Hie AmeriranNSional Bank Pendleton. Oregon. "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 LET' THAT T , YOUR DESVRS TO 'RSKIM Ax non THia YOU Kmouj alt 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 character. Sharp downturns In the provision market were brought about by the weakness of grain and by a decided tumble in the value of hogs. I H 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 returns. 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 BEAUTIFUL ASSORTMENT NEW ARRIVALS Prices that will keep you from going away from home to buy. $33 AXMINSTER, CITY PRICE $63 v OUR PRICE $43. , ; Cruikshank & Hampton "Quality CounU" 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 Sbaaea. 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 j Jltr mm: SU DEPARTMENT STORES (Town Name Sere) KM? MARATHON HATS Designed and Sold Exclusively By Us Fine Fur Felt MARATHON HATS $1.98 at illustrated 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 black. 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 dust 69c TI1K IAIKSKST CHAIN H-:i.nTMENT iSTOUE OltGAXIZATlON IX THK WOIUJ). I OFFICE CAT BY JUNIUS Alas! "Of all the would-be highbrow birds, The worst," Sikid Dolly Htrong, "Are those who use such great biff words. 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 knee? 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. are found? Who travels the bridge of his nose? Can he use when shingling the roof of his house The nails on the end of his toes? Can the crook of his elbow be sent to Jail? j 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? Fred Ixickley. Advice Column. 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 without you. 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 ment. "Change at Bufraio, sain me chtk, as he shoved the ticket through the window. "None of that, young man." she re plied. "I want my change here and now." ' jinn h itiiiiiiiiiiuiiiiiiiiiiiiiiiiiininiiiiiiiiiiiiiiiiiiiimniiiiiiiiimiii 1 s CASTLE GATE COAL PHONE FIVE FOR FUEL 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 HIIIIIIIIIIIIIIIIIUIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIUlllllllll Used Car Bargains 1918 Reo Chummy Roadster Has all good tires, one extra tire, excellent condition in every way. pr;ce $675.00 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. Phone 468 i n