Morning register., June 18, 1922, Image 16

SIXTEEN
MORNING REGISTER, EUGENE, ORE., SUNDAY, JUNE 18, 1M1
Ml OF CRi CORNED IS
Comparison Is Made Between
Present and Past Methods
"OLD HUTCHES" NOW PASSE
lVadcrs JV Tlwtr Own lnitlm
Have Allowed Strict Utile Agnlnt
Manipulation of Market
(Correspondent of th Anwvlated Pre)
OHICAtlo. June .". l r. Winter,
a director of the Chloajj.) board of
trade, is outhorlly Torn uti-iking com
pari son of pivvnt method in tho
wheat buslne na In contrast with
the daye of "Old Hutch," R I. ltutch
Invon, most famous of old-tMUe. grain
operator!. Iteferring to May whwt
dealings here Which have attracted
wide attention Mr, YinttM-a today
aia:
contract and Its renin cm munt be
preserved. The contract to deliver
certain quantities of wlimt during
May woro vaiM Jiuttrumenta of com
merit.
"What the director of Iho lion til
actually did waa far shelter. They
mm ply tleolarvj wheat In cam rviru
lar for delivery on cmt pacta; In other
word a they made each car a public
warehouse until the emergency hail
paitacd. In thla way oery pernon
who hail made a ;ltd nale for future
tieliwry that Is. in May. wan unable to
deliver the wheat, it ml thoae who
bought it received It a per contract.
All tntoroittN, lucludliur that of the
farmer ana the public, were vw
tooted ami the price ut which the
market closed on the lut day of May
wan the fair hu tattoo not by condi
tiotm of supply and demand the wvrld
over."
Society
"The day of the grain corner
iron forever a may seen from
t ha so-called ' M ay deal' Just none
Into hiory. This ha i-een accom
plished by strict rubvt of the hoard
itself In the Usi 10 or 15 years. In
the old days heforo traders, for their
own protection had adopted utrfn
(tent rules to prevent manipulation,
the recent situation would ineiitably
have developed into a corner con
trolled by some leader liko 'Old
Hutch.
Few Onruerw ProfltnbH
"Also he miKht have lost heavily.
let It 4e romemberiHl. Few corners
made money for the manipulators.
A doxen fortunes were lost where one
was ruined. The 'Old Hutch' of to
day would have had to pay the full
price of IS. 764,000 bushels of wheat
which were delivered on May con
tracts this year, a tidy sum, even
at the unmanipulated price of $1.1
a bushel at which the market closed
May 31. Had there been a corner,
the price assuredly would have been
much htfrher for the bull manipulator
la compelled to bid up the market on
himself. In the loiter corner the late
P. I. Armour and others delivered
the actual grain by million of bushels
to Mr. Letter; Letter was unable to
stand the strain on hia resources, stu
pendous thoujrh they were, and the
comer collapsed.
. "In the present Instance, no one
was attempting; a corner. Last winter
certain speculators thought that
wheat fort delivery In May waa a bar
tain, and they bouicht independently
In expectation of an advance. By
mid-May they owned everything: in
the public warehouses deliverable on
contracts, and hence what would have
been a 'natural corner" that Is, one
brought about without manipulation
existed. Sellers had contracted to
deliver more wheat In Chicago during
May than the elevators would hold.
In the old days these shorts would
nave been compelled to make a
money settlement with the bulls at
prices set by the bulls. Such
squeezes sent many a firm on the
financial rocks a generation ago.
SeUerwnt Price Fixed
" "Suggestions came from many
sources toward the end of May that
the directors of the board should fix
a settlement price in order to prevent
a squeeze but this was considered
(Continued from Fajre 13.)
is In Worcester. Ma., for the anm-
Sjmcr. contained an lute real inn account
cd as a dclecnte. An a closing: fea
lure refreshment, very delicious one,
were served by the hostess.
On Thursday Mrs, & P. Moorehoutc
gave a most eivjoyable luncheon in
lienor of her daughter- Mis Murmtret
Moor0ioii!e. who is visiting hen for
a week front Corvallls, when arte Is
teaching. The following motlici and
tlauKhtei were the truest: Mrs.
xiu, Mrs. S. Andrew and Mlsa
Marion Andrews, Mrs. Norman Case.
It. Kleitiug and Ml Jcmiette Klet
Mr. Y. M. Caso und Mia E. S.
Tut tie.
Instead of a formal Indoor dfunet
party honoring Or. and Mrs. J, M.
Waiter, the following little coteri
of friends had a most delightful pic
nic party at Ocadmond's Kerry Mon
day evening. Professor and Nfr. A.
It. Sweet ser. Professor und Mrs. Fred
eric S. Dunn, Or. and Mrs. John K.
Hovard. Mr. and Mrs. Carl Gray and
Mr. and Mrs. J. M. Miller.
Mrs. Onrlton E. Spencer entertained
the Modern Novel club on Tuesday
afternoon for one of Us regular de
lightful meetings. Three giients. Mra
Curtis Peterson of New York City,
Mrs. George Hopkini and Miss Melba
Wit Mains, enjoyed Mrs. Spencer's hos
pitality. Afternoon tea was served by
tho hostess.
a
Members of Chi Omega alumnae
met at the Anchorage on Thursday
for a sociable trei-toKeJher luncheon.
Covers Were laid for Miss Julia Bur
gess. Mrs. Herbert Rooms. Mrs. Lynn
MeCready, Mrs. A. W. lnabaugh.
Mrs. P. K. Snodgrns. Mrs. Frank Jen
kins and Miss Isabella Naurth.
The Prise il la club met Thursday
with Mrs. C. L. Berchtold for one of
their regular pleasant afternoons of
visiting, to the accompaniment of
needlework. Refreshments were
erved by the host and In two
weeks the club will meet with Mra.
Arthur Strader.
Mrs. F. "W. Owen, house mother at
the Alpha XI Pelta, will leave Tues
day for her home In St Helena Later
she e"cts to go to California for the
aim me..
Mi-? Pnrothv Collier entnrmlrted
unsound and futile. A contract is a the twenty members of the Cabinet
Fords oiv
THE. UNIVERSAL TRACTOR
Henry Ford
HENRY FORD was 35 years getting ready for tha
new price on the Fordson. He started as a farm boy,
planning to get rid of the drudgery, long hours and low
money return that has always faced the farmer.
He wanted to furnish you with a tractor that would not
only do your work better and faster, but at lower costs
and the 170,000 Fordsons now in use have proved that
he has accomplished these things.
What you get in the Fordson for $395 f. o. b. Detroit is
the greatest farm power unit ever offered.
Let us show you how a Fordson will cut farm costs,
increase your bank account and take the drudgery out of
fern) work. Write, phone or call
IT - TTirn " V. y-v 1. Tf
A4 kj Avenue East
and Council of the Y. W. C. A. awio-
elation Tuesday noon with a charm
ing luncheon at the Anchorage. Tin
wna In I tie nature of a rarewvll parly
since It will bo the last social gather
ing of the Utile group for this year.
IVun William U. Hate and tha mem
beta of the law school faculty were
hosts at a noon banquet at Hut An
choraito on Wednesday for thb law
rtchoul wen lor, The affair waa a most
otijoynhlc form of recreation taken
from the busy hours of the day,
Mis Gertrude Talbot, head resident
nt Hendricks Hall wilt .v.vo tho lat
ter part of tho week for Portland.
Mlsa Talbot expects to spend July at
Gearhart and perhaps so south
afterward.
Miss Mary Chambers who ha spent
tho pant winter at Hadcllfro for
liraduato work In biology resumed
yesterday to spend tha summer with
her panuts, Mr. and Mia. r u
Chamber.
The P. K. O, Sisterhood met Mon
day evening with Mr. Amy West fall.
Keport from the convention in fort-
land wvre read. This i the last
meeting until the first of September
except a picnic, which 1 to be given
in two week.
Mrs. Herbert ltoome, Mr. A. W.
Sims and Utile Harbnra ltoome re
turned Tuemlav from a short vlit wilh
Mn Ylmtim Potwin. of Albany, who
i Mr. Sims daughter and Mra
K dome's sister.
Mrs. W. K. Moxioy, who ha been
vlit!im her Mstcr in l.o Angeles for
a number f week, returned Wednes
day. Mr, Moxley drove to Kosehurg
to meet Mr. Moxley o that the last
part of her trip was by motor,
Mia Helen UroeksmU, head resi
dent at Sumn Campbell hall, will leave
the last of the week for the south,
where he will Join friends for a
motor trip through Yoscmlto and va
rious places of interest.
Miss Mildred Howell of Monmouth
la the guest of Mbta Leone 1 larger for
a few day. Mis Howell und Ml
Parger are both graduate of the
Monmouth Normal school and both
will teach In Astoria next year.
e
Mr, and Mra Norman Case, of
Hiawatha, Knn., have come to spend
the summer with their son and
daughter. Mr. and Mra William M
Case.
e
Mrs. Cheater Stevenson and tittle
daughter. Mary Margaret, have re
turned from a visit with Mrs. Steven
son's mother, Mrs. F. M. Cleek at
Albany.
Mr. W. C. E. Prultt of Port tan d Is
a guet at the home of Mr. and Mr.
W. P. Fell for the commencement
season.
Mrs, F. W. Benson, house mother
nt the Pi Iteta Phi house, expects to
leave on Tuesday for California where
she will spend the summer.
Joying music Hctroshmonu wore
aervod at a lata hour,
'
Tho Women's Foreign Missionary
society of tho M, U. church met at
the C. IC l.uuthi'i'iitaii home Wednes
day uf'entoon und anted an enjoy
abto lime. lellciuu rorroshmcnt
were served.
Out-of-Town Society
At Full fnvk
OUgUUr lin Otuiujr HiseUl
FALL CKKKK. Ore., Juno IT.
The double outisln picnic was enjoyed
by children and yrnmlchllilreu of
George and Mury Net and Frank and
r.mnm Warner. In the Jon grove on
the bank of His: Full creek, a bounti
ful lunch wn served at noon, loo
cecum later and a wiener ntaat in the 1
evening.
Those who enjuvod the fun were
Mr. and Mr. Hon. Neet or Fall Creek.
Mr, and Mis, Unlph CatlUon. Alford,
Alma, Gwendolyn, Hurl and Maluc
t'nlllNon of Fall Crook. Mr. 1-:ilutbelh
Melowell And loulse MeOowell of
Oakrldge, Mr. and Mr. John Sltutti.
Itoma Shttlti of Wendllng, Mr. and
Mra llarvo Harktna Kenneth liar
km of Wendllng. Mrs. I In Ftook.
Mildred Flock of Oakrldge. Mr. Poll
Abrnm and Hoitatd Abrams of
Springfield, Mr. and Mm Hoy Hrewer
of Fall creek, Karl Neet of Kugeite.
At Santa Clara
tRiclfter Lo County tip? 1st)
SANTA CLAItA. tre.. Juno 17
The Needle club diverted from the
usual afternoon meeting with a picnic
supper for their husbands nt the
homo of Mr. and Mm. Glen Sims,
Thursday evonlng.
To the strains of "Park Fp Your
, Troubles supper was laid In the cool
i fir grove, after which ice cream was
; enjoyed around a big bon fire.
The guests and members depart-
1 Ing at a late hour with their families
were Mr. and Mrs. Herb Sims, Mr.
I and Mrs. Carl Itobertson, Mr. and
1 Mrs. Dob Robertson, Mr. and Mr.
1 Will Itobertson, Mr. and Mra Kd
i Hart, Mr. and Mra Wllmer Walton,
: Mrs. Morrison. Mr. and Jilra Clint
: Chezem, Mr. and Mrs. Glen Qualf and
. the host and hostess, Mr. and Mr.
, Glen Hima
i A few of the friends of Irn Ham
tnond gathered at the homo of Mr.
! and Mra M. H. Mc Kinney at Santa
i (.Mara Sunday evening to enjoy a good
time nororo .Mr. nammona nnn nt
son. Fred, leave for Nebraska.
The evening was spent in game
and conversation which everyone en
Joyed. Hefreshmcnts were served at
a Into hour.
Those present were Mr. and Mrs,
I. N, Mills and lewta and Newton
Mills, Mr. Hammond. I. If. McKen
ney M ra Elixabet h McKonncy, M r.
and .Mra M. B. McKenncy and three
children, Mr. and Mra Leslie Ham
mond and two children also spent the
earlier part of the evening with them,
At Junction City
f RtUur Lan Ceoaty BmcIsI)
JUNCTION OITV. Ore., June
A delightful dinner party was held
Friday evening at the home of Mr.
and Mra George Young. Tho guests
were Mra Walter Horensen. Miss Ag
nes 80 re risen and Miss Alice Griffith.
Howard-Swccncy Nuptial
f RKitr Lin County special)
JUNCTION CITY, Ore., June 17.
Of interest to his many friends and
former schoolmates in this city is the
news announcing the marriage of
Harold Kipling Howard to Mis Helen
Mao Sweeney of Portland. Wednes
day, June 7. Mr. Howard wns born
and raised In this city, nnd graduated
from the high school. He was among
the first or the young men from this
city to enlist In the late war. On his
return to civilian life he has been In
the employ of the railroad, and Is now
stationed at Dallas, where the young
peopie win maae ineir nome.
At Kpenoor Crock
(Rltr Ltne County Special)
SPKNCKIt CKKEK, Ore., June U
An all-day Dlcnlo was held on Bun-
day June 11 at the beautiful home of
Mr. and Mra Edward Haldorson, At
one o'clock a delicious plcnlo dinner
was served to the following Ruestn:
Mr. and Mrs. u. A. Milne and ramify,
Mr, Rtewart Milne, Mr. and Mrs. Kll
hu Hmlth, Mr. and Mrs, William
Mathers and fnmlly, John McCallum
und Mr. and Mrs. Kdward Haldorson
At Hnrrbdairg
(llgltr Lans County Special)
HA RKIHIiUKUv Ore. June 17.
(Hpeclal to the Register) A wienie
roast party was held at the home of
Ml Gladys Fawver south or town
last Wednesday evening. Those pres
ent enjoyed themselves; until a late
hour In dancing and playing1 games.
A bonfire waa built on the banks of
the liver and wlenio randwichoa were
served as refreshments.
Mis Tltiby Tong entertained at her
home south of town Tuesday evening,
tho following being present! Leo nnd
AlvJn Itoss, Harvy Henry. Jacob
Htroda, tho Misses Gladys Fawver,
Anna Htroda, Cecilia Htroda, Kuny
Hom, Mrs. J. B. Hayworth. Mr. and
Mrs. J 00. Hnyworth nnd family, and
MJs - Jty , Long, Tho evening wo
spent In playing "600" and in on-
"At HlMrlew I
I RsUlr (.so Oouuty gpclal)
'tvMviKv. Or.. .tune 17. Mra1
Ced, Morgan was the bountiful hos-
teas la her homo Sunday when she
served dinner to the following guest
111 honor 01 her husband Mlxly-elithth
birthday: Mr, and .Mr. O. Hel
frlch und son, Jack, and Htanley
Hutchlusou of Portland, .Mr. and Mi.
It. Michael and suits, Hobert and
Oonatd. nnd Mr. and Mrs. Fred Weber!
and daughter, Hertha, of Prownsvllle.
Mr. und .Mra John Went. Oavtd Cal-
vert. Junulla ami Fritnk lodg of j
Goahen. Win. Michael. Klbert Hteain
and Wilma Howard of Junction, nnd
Mis Kva Hot-setl of Itivervtow. Mr.
and Mra Geo. Knott nnd Owvlda of .
Junction.
... j
Mr. and Mra tl. J. Pownlng and !
two children of Ijike reek. wen
over-night guesta at the l.oren Kd- j
wardrs home Thunalay night.
. j
Mrs. Mary Kdward accompanied j
Mra Or. M. O. Howard to Itenlon
county Thursday nfternonn where 1
they vtslted at the Orr Kyle and Olrg !
Nichols ho 11 tea 4
WORK BANNED IN POPLAR
MAV CAV
COMK HY
or.invF ku;k i-
ACXTCFTING ItlUillCF
fTarriamlnes of tb Auoelatsd Pr) '
LONOON. May SO. A man can d
rive a larger Income In Poplar by ac
cepting relief than he can by working.
o generous are the contribution of
the Poplar Guardians, hull Informa
tion as to the method of the Guard
ians In relieving poverty In the bor
ough discloses greater extravagance
than -had been suspected. An Kast
F.nd firm wrote to the Guanllana:
"Our employes who live In Poplar
have pointed out that they can. get
more money by being unemployed
than by working for u. Att vte hav
no wish to prevent them getting a
much a possible, we propone to dis
miss them ao that they can take ad
vantagu of your relief."
That the firm did not exaggerate
prevailing condi lion I shown by
other testimony. rA man and wlf
were granted i 2, 10 a wetk to relieve
their poverty whom tho earnings of
four single daughters b rough Q the
family Incomei up to 17. Sa a week.
Ho generous were tho Guardian In
disbursing the money of tho taxpay
ers that they granted one deputation
from the unemployed a higher scale
of relief than had been asked for,
In their own defense the Guardian
simply state. In effect, that they were
elected to help the piair people of the
borough, and they have no excuso to
offer for doing it.
SILVER TO REPLACE RUBLE
XKW MKKIfM
COINKD IN
is now 111:1 ;
rCTito;R.t
trnp..n"rtnr- of ,h AMftrf.tMt Ptm.)
PKTHOOIIAD. Mnjr !. Now nil
vcr mony which In time Iho .mint
irovcrnment hope lo put In circula
tion to replace, tmrtly it leant, the
paper ruhle of toilay I. belnn colneil
In tlto I'olrngrail mint, the only el
latlnK plant of Its kind In Itumla.
Tho mint bejin operatlnK nvrrnl
nionthA ngo: up to tho preeent time
It haa nmnufncUirril 5. 000. 000 rulitr.
In .liver nt denomination, of 10. Ifi,
20, &0 copeck,, nnd ono ruhln plocea
Tha coin, contuln 80 per cent .liver
and ten per cent copper, unit In kcii
cral appearance aro much tho Mimo
rui thn.e In tin before tho war. Clow
Inspection, howover. ahow that tho
soviet cout of arm. haa replaced tho
old Imperial eaglo. Another atrlklnl
fentura la tho bol.hnvlk motto.
"I'roletarlat of tha world, unite," on
tha reverse aldo.
The new colna are sent to Moscow
where thoy are held as part of the
irovernmont roaerve. When a suf
ficient quantity haa been asscmhlod
the government contemplates using
thorn as a form of KUaranteo for
paper money 1o bo Issued In the fu
ture. Ultlmntoly It Is hoped to put
theni generally In circulation, nnd
thus obvlnte. tho present necessity of
calculating- In billions and millions
for the needs of every day life.
PETROGRAD PORT IS OPEN
FIVK AMERICAN 1UXIKF HHIPK
IIOITBI) THAT WAY
rftiriiMinandene. of th. Aisortatod PrMa)
UOXlxnt. May it. The port of
Potrogrnd Is now open nnd five ships
carrying American relief administra
tion cargoos have nlready oeen routoa
here. Thoy tiro loaded with supplies
for adult sufferers Jn Itusala. Tho
opening of I'etrograd will ease the
problem of the Amerlrnn rollef ad
ministration shipping ropresontatlvos
In the Idilllo,
Of tlto 600,000 ton of supplies
which the American relief adminis
tration Is sending to Russia, 426,000
have already arrived at either Italtlo
or Illnck Hoe, ports. Knough of thla
food has reachod tha Volga valley to
maintain free feeding of 8,000,000
person.
MAY TREAT CHINA LEPERS
ETH VI FROM CIIAUI-MOOfinA
OII4 1H KXPKNBIVE
(Corrimponflotire of the AMoclsted Pre,,)
MANILA, P. I April 26. (ny
Mall lienors of China nny be
trentod with othyl "other manufac
tured out of chaulmoogra oil ob
tained from tho Philippines. It Is
sold tho cost of tho drug In China Is
so high that doctor hoaUuto about
Piano CTeaurarice
Our complete stock of Pianos nnd Player Pianoa of the famous Raid
win line is placed on sale at !(. .,
REDUCED PRICES
The Following Makes Included:
Baldwin - Ellington - Hamilton - Howard
THE MANUALO "The Player Piano that is almost
You Will Find This an Exceptional Sale
Monarch
iniman
Berry Piano and Furniture Co.
957 Willamette
Phone 1470
3
using the treatment, one quart sotting
for 11355 while the Philippine gov
ernment la now able to manufacture
It for about lift m quart.
Iterently the health authorities of
China approached th .'hllipplno gov
enuuont authurllles regarding a sup
ply of ethyl ethir and -the local gov
ernment itgred tu luernajiti the out
put ho that t'hitin tnlKht ohintu trent
ment for a lurgo ttroportlun nf her
lpini of whom there urn said to be
400,000. Tho bureau of wb iuo of
the J'hlllpplnna la now equipped to
manufno'tiro the ilrui? In lurv ftunu
tltive And it la underittitoit the Chinene
will iuon receive a ahipment. The
(hlnmM lepent have not been a
anmblett tu a colony but are eentteretl
ovef every province In the republic.
I ,ON DON MM I, ,;TH
INIU -UiK IN U.W WIIIHIi
fContlnuril fr6in Page Nine)
Iran hoepltal for American medical
gruiltmice t inlying In Kurnpe le about
to be revived, r'ormer Ambaawnilnr
Davta becamo tho flmt honnrnry
prnmlilent and when he retired ho wnt
mirceedet by 1-onl Heading. Tho lute
VUcount llryce ahwi took an active
Itilrrent In tho project.
There ! a board of governor oon-
Mlitllng of realdent Americana, of
whom lr. Philip Krnnklln, furmerly
of California, la one of the moat ac
tive loadera.
Plana rnntetnplaln uttlmalely a
fully equipped m.Mlrvrn hoMtal vltti
btburtitoriea, lovturea hU and libra-rua.
Ilelleve n IUller Clajulft,
AS OLD AS THE HILLS
BUT AS NEW AS TODAY!
Cod-liver oil hits been famous for nyei find ha$ alwayi
been Bbundanlly rich In health-building vitamin A. Il only
needed today', scienco to confirm llio (rue worth of tliii wonder-
iui encrgmng nutrient. Likewise, tha merit o
scorn un
OP PUREST VITAMINS'. RE-ABiNn r.nn.i rum mi.
has always rested upon its power through vitomine-nouruhment, to
sustntn vitality in the adult and encourage normal arowta
and building of strong bones and teeth in the child.
Civ your children the health-building bentfiti
of Scott't Emuliion. There it no batter time to
etart than now I
H... (I Sj do.ii,. DUxinlUM. N I. '
MOTORISTS-LOOK!
"One Week Only"
Our Complete Stock of
Standard Tires
At Dealers' Frices!
30x3
Fabric
$ 9.25
30x3 . , 10.OO
32x3 j
Jlx4
32x4
33x4
33x41 . , ' ; 32.00
15.25
17.25
22.00
Cord
$
15.00
20.00
24.00
26.50
27.75
34x4l
35x5
33.00
45.00 ,
After Closing Out Our Entire Stock of Fabric and Cord Casing We
Will Handle
The General Cord Tire
Exclusively in Eugene
BANCS9 GARAGE
J. C. HENRY, Proprietor