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About East Oregonian : E.O. (Pendleton, OR) 1888-current | View Entire Issue (Dec. 30, 1921)
TWELVE PAGES PACE TWELVE DAILY EAST OREGONIAS , PENDLETON. OREGON. FRIDAY EVENING, DECEMBER 80, 1031. fHK LARGEST CHAHI IRTRTMENT I OUTBURSTS OF EVERETT TRUE STORE ORGANIZATION IN TIIE WORLD DAILY MARKET NEWS, LOCAL AND GENERAL Iiclnditg Peiidlto& Prices and AuocUUd Prtu Ktporta V Condllktuii la Business Am Apuroiu-tiUijc Normalcy NEW YOKK. IX'C. 3D (A. T". i Merjrantih conditions are healthy This i noted as the outstandins fea ture of the trade situation by the Alexander Hamilton institute in Its financial survey. . The woolen mills have been in Rood shape all ulonii and the steel and equipment com panies1 are financially strong. In the rubber business the Good rich Tire & Kubher company has Riven a remarkable demonstration by The old home town By Stanley r'ducins its bank loans from l.!9.vuu.- fallen In the country as a whole re i)e.i t.. $:.,v"i.moi since the first of. flee a very healthy mercantile situ he year, and other rubber companies j i'.tiun. have reduced their inventories to a Since selling prices and wares ti normal basis and are ready to . go i the steel Industry have been reduced ahead favored w ith cheap raw n.a- j there is more confidence in Value and terials. oprations have recovered from 2; to I The recent advance in petroleum 1 "0 per cent. The decrease in steel rails prices has bolstered up the oil In- from H; to J(0 has brought in a lnrse dustry. Most of the automobile In-i olunio of new orders. Similarly the I dustries have worked into u sound ' recent cut in rubber t;re prices is en-' position. Some of the small retailers couramnir dealers and cunsumcra to In tne south and west still have shop-1 come into the market, and the sam worn ttoods, but sioch among re- applies to price cuts ou automobiles. . 1" judi;ln when the ifeneral spend- i " '"K power of the public will become ; normal, there are two sources to con- I sider. Kirst, the demand which ! ! romt from increased employment j and payrolls In those lines afl'iliuted with new construction work. Includ- lin? the steel mills and producers of j building materials. ( The belief persists among those who have large constructive projects . In contemplation that basic prodtic- 1 Hon costs are soiius to decline fur ther owing to reductions in coal and i freight rates, so that a normal spend ing power will not be witnessed in the steel Industry and construction j lines until further readJUstmrnts tire . mnde. . i The second Important source of pur. ' cnasltig power Is the farmer. Ills con sumption will not become normal un til a year hence. The farmer, who traded five bush els of corn for n ikiir of shoes when corn wan J1.C0 ti bushel, now finds thnt he must exchange 25 or 30 bush els for the same pair of shoes with corn selling between 25 and 35 cents a bushel on the farm. The same un favorable comparison applies to the purchase of all sorts of clothing and equipment. The most difficult problem of the next four months Is to persuade labor that wages In transportation, coal mining and the building trade must come down to restore normal produc tion nnd commerco. jurr as tw cos CMKEREt reft the new year! VI TCH PARTY, Afl UN WHjCOt- BLACK AMO WHIT. CAT CRAWLSD IWDB TUB HKW POUCH COMe eack Mcfc?e. stravjcck, . -,ot -nail- TteuQTilTl'llJ Tft SEC HOW IWJ i PASS A PERSON rtu ,v,, much K.oorv n neixie i a SET BY max THIS TIME OF THE YEAR In mpcoMr wrdl fitted for coUooMu or piO'liut off liocwuntH, bahuK-tiiR tlw books, nnd HOrlirut out vu. uubl umxnn, mid placbig thews wInw safo from fliv, burffUirs and tho clnwuw. A safety ItapoHlt ,w ,n ol"' s'-auB VBlltt ba ,,u Um requirement of ttui most u-tk"ulur IniNlnew iwn SM the cort Is only 3.IM n jvr, or for larger hove morn lit proporUou. 1 . t3&$$y'pi' J lsKM TReAmericanNaiionalBank Pendleton. Oregon. 'Strongest Sank in Gastern Oregon' news of the financial crisis In ltoiue. Total sales, par value, aggregated 1S,"5,000. OFFICE CAT E- i WEBBrYoijr. 1 '.i nrrV n Store . Jt CRUIHSHAMKeMAPTOH) BARGAINS r At this Sale sec what your Dollar w ill do. L ; SI tloz. White Cups and Saucers si Oak Plant Stand Water Glass Glasses and -?Y Set, 6 Pitcher. 6 Dinner Plates ' $F " High Grade Broom. Good Coal Hod. v- Carpet Sweeper Smoking Stand Hard Wood Kitchen Stool. Good Imitation Lea ther Suit Case " S2 2U by 5 ft. Carpet Hag Rup Clothes Basket lirn Iokoa In Value Aocount of Ilaulc t"Uuie XKW YORK, Dec. 30. (A. P.) Resumption of the Helling movement to establish income tax losses and weakness among specialties whose po. sltlon has long been a mutter of con jecture provoked considerable Irregu larity In yesterday's stock market. Another udverse development of considerable significance since It In volved a local institution, was the suspension of the Dunca italiana dl Sconto of Home, which operated numerous branches throughout Eu rope and South America. Other foreign contributions to the day's budget of financial Incidents in cluded the weekly report of the Hank of Kngland, showing a strengthening of liabilities, the French bank state ment, w hich reported large expansions in note circulation and discounts and Berlin advlcea Indicating another enormous Increase in the Issue of pa per marks. The money market Imposed no re straints upon constructive efforts. Call money opened at 5 per cent nnd held nt that rate throughout the session, while time funds for the shorter dates were plentiful. Halls were strengthened by the ex Ira 5 per cent dividend on Deleware, Lackawanna & Western and publica tion of numerous November state ments of earnings, some of which offered ground for encouragement. Among equipments, steels, oils, mo tors and miscellaneous shares, the movement became mone unsettled with the progress of the session. Pres sure was most effective against Gen eral Motors, coppers and other metals and specialties such as Columbia lira phophone preferred. Sales amounted to 775,000 fhares. The Italian bank failure caused n sharp decline In the local quotation for lire, but much of the loss was re covered later. French and Heiglnn exchanges ulso eased In sympathy, but sterling and Dutch bills were firm. Victory notes were strongest of the domestic war issues, liberties easing for the most part. Hailroad Foreign lluylng Humors ! Strengthen Wheat i'osilon (IIICAfiO, Dec. 30. (A. P.) As sertions that a liberal amount of wheat would be bought for Russian relief did a good deal yesterday to strengthen the wheat market, (.'los-; 1 ..lh, U .....iftdoH . 1-4 W 1 3-4c net higher with May 11.17 1-3 to 1.17 1-4 and July Jl.nS 5-8 to $1.06 3-4. Corn finished 3-Nc off to 5-Sc up, oats r.-Hli l-2c to 7-Sc advance and provisions unchanged to 12c lower. I'pturns m the value of wheat were preceded by a brief display of wenk ni'ss, due to bearlsii aspects of the government report on the 1921 crop, tallies, however, ensued owing to generally accepted opinions that the government figures today on the m22 crop would prove bullish. Later a re Port was circulated that 15,000,000 to 18,000,000 bushels of wheat would be acquired for Russia. U was nt this Junction that top prices of the day were reached, and denials that more than 5.000,000 bushels would be bought failed to cause much reaction In the final dealings. The govern ment report on winter wheat was re ceived after the close and was con strued by some authorities as bearish, because it showed a slightly bel ter condition than expected and a larger acreage. In the corn market December de livery was under pressure from hedg ing sales, hut May and July were strong as a result of Russian relief purchases and the reduction of the government crop estimate. Oats advanced in response mainly to the government report. Sharp declines In th'1 hog market weakened provisions. BY JUNIUS I MlSlNTI-HPlin Id) SH.XAL. CRANFORD, X J., Dec. 30. 1 1. X. S.) A red light in Ccnectictit means a sharp turn, but in Xew Jersey it. means a railroad crossing. Misinter pretation of a red-light signal cost Hie bonds life of John Wolf of Hockville Cent r. A 1-ady Greaser "We must treat our new cook with respect. She belongs to the Revolu tionary Dames where she came from.'' "Where'd she come from." "Mexico." o. W. P. asks: "Why do they call a saxaphnne a musical instrument?" Xobodv knows, o. W. P. any more than they know why a crow thinks it can sin'. A negro applied to a Kentucky dairyman for work. "All right," said the dairyman. "Come around In the morning and I'll put you to work and pay what yoi are worth." ".No. suh. No suh," protested the darky. "Ah cain't dn dat. Ah'sc git tin' old." Pome The crime was mayhem, hut They freed John Drayer, When he bit of fihe ear (if a saxophone player. continued to strengthen, especially the various convertible offerings. I'nlted Kingdom of Italy $ l-2s reacted to the Conn., when his automobile was de molished by an express train at crossing here. Ono Uanscr I'.iioush Some decades ago there was a riot down in Texas and a hurry call for help was sent to the Texas Rangers, an organization that In those days was something different from the collec- a Hon ol mall-order cownoys oi touaj. The Ctovernor wired back: "Rang- DOINGS OF THE DUFFS WAITING FOR NEW YEAR. BY ALLMAN fXrf C 'f "33 fiw'ECOLDCHiCKEN 'M S ( ' ) I V& WITH CHOCOLATE CAKE rj Millions of Pairs of Good Shoes During 1921 more than two million pairs of good shoes have been sold in J. C. Penney Com pany Stores. With a saving worth while for the purchaser of every pair. Have you snared in the service and economies this nation-wide organi zation offers? Put us to the tes; the next time you need shoes for yourself or any member of the family. SAVINGS ON SHOES FOR WOMEN CHILDREN'S FELT SLIPPERS 93c Comfy style felt slippers, low cut, blues and reds, padded leather soles, Daniel Green and other brands, sizes 8 1-2 to 2, displayed on tables in shoe section 9Sc CHILDREN'S PLAY SHOES $1.98 Sturdy shoes for children, popular Scuffer and regular styles, made to wear, sizes 6 to 2, dis plaved on tables in shoe section $1.98 WOMEN'S PUMPS AND OXFORDS $2.98 Black kid pumps and oxfords, not all sizes are included, flexible soles, high heels. Displayed on tables in shoe section $2.98 WOMEN'S COLORED SHOES $4.98 High grade shoes, gray and cinnamon colored kid, French and Cuban heels. Displayed on tables in shoe section $4.9S WOMEN'S COMFORT SHOES $2.98 Women's high grade shoes of soft black kid, flexible soles, rubber heels, all sizes. Displayed on tables in shoe section $2.98 WOMEN'S TWO STRAP SLIPPERS $2.39 Economy and comfort go hand in hand in these soft kid slippers with their round toes and low rubber heels, sizes 3 to 8. Displayed on tables in shoe section $2.39 WOMEN'S ONE STRAP COMFORT SLIPPERS $1.98 This popular shoe comes now for spring selling at a price lowest in years, fine kid stock, flexible leather soles, rubber heels, sizes 3 to 8. Display ed on tables in shoe section $1.98 SAVINGS ON SHOES FOR MEN MEN'S DRESS SHOES $3.98 Men's brown and black calf dress shoes, Eng lish or round toe lasts. Displayed on counter in shoe section $3.98 BLACK ENGLISH DRESS SHOES $4.98 Men's black English dress shoes, kid, gun met al and velour calf leathers. Goodyear welt soles, rubber heels, all sizes and widths, pair $4.98 BLACK ENGLISH DRESS SHOES $2.98 Men's black calf English dress shoes, Goodyear welt soles, rubber heels. Displayed on counter in shoe section $2.98 WORK SHOES $2.98 Work shoes built to work in, good solid brown calfskin, soles nailed and sewed, all sizes. Dis played on table in shoe section $2.98 WORK SHOES $3.98 A high grade work shoe at Penney every day economy prices, brown cowhide, Goodyear welt soles, all sizes. Displayed on table in shoe sec tion $3.98 MEN'S OVERSHOES $1.98 First quality one buckle overshoes, heavy soles, sizes 6 to 9 $1.98 JTl B M ' ' ISSTITVTIO w- jjfTa 312 DEPARTMENT S'lORES PENDLETON, OREGON ers en route." The sheriff met the train, line lonely HiuiRe!' little old Hill Macau ley Kot off. Th- .Sheriff said: "Oh, my Lord, Where's the rest of the outfit? "Rest hell!" said Hilly, "you ain't got but one riot here, have you 1'rof. Einstein says American wom en are lovely. How much easier it Is to understand the proressor when he cuts out theory nnd gets down to common sense. An executive is any man who han sense enough to pick able men to do work. ASK HARDING'S irFI.r. KANSAS CITY, Hec. 30. (C. TM Kansas City, Kansas, rity officia's will Join those of Omaha and Sicux City in nsklnR President Harding fir federal arbitration of the packer strike, the city council voted today. SAVE AT THE SANITARY SPECIAL SATURDAY SPECIAL II II Tret S3L & HAMPTON 4 COMPLETE HOmC-rUrtNISMCM SMllTVBOUrllVT f a - n i w " " " a-m a- I CRUIKSHANK I !! pi. HAVE. VOL) LOST YOUR MINO, OLIVIA? YOU TAKE A STEAM BATH TO REDUCE AND f THEN EAT A LOT OF CANDY J J MY BATH MADE ME HUNGRY ANVWAV I'M GOING TO ENJOY MV5ELF ONflL NEW YEAR -THEM I'M GCiMG TO GO Ott ASTRKV CIET! 2 packages Wool Soap Flakes with Each Soap order of $1.00 or over ! Wool Soap, 14 for $1.00 Bob White Soap, 17 for $1.00 'P Lenox Soap, 25 for. $1.00 ' Citrus Powder, 4 for $1.00 il Tea Garden and Pauls Preserves, 16 oz. glass lj.( 1 Pineapple, small cans, 3 for 2." g Pineapple, large cans, 3 for $1.00 H Robles Peaches, 2 for 4.K Standard Tomatoes, 2 for 2. 2 Snowdrift, 8 lb. cans $1.()0 Flour SI. SO P. S. Coffee, 5 pound can $1 .90 a WE GO THE LIMIT TO PLEASE P PHONE P S7L : Sanitary Grocery m