davidaulloa/AmericanStories huggingface dataset:
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-08-24

fall of last year began the process OF
discounting the business conditions
that now maintain in various lines Of
effort. OF course, trade doings, II
must be admitted, are on a much
smaller scale than in the earlier part
of the current year, but many conser-
vative people believe that pessimistic
ideas have been carried to'~tfe. --ex-
treme, just the same as optomistic be-
liefs were aired several months ago.
In some lines, commodity values are
still at abnormal prices but in the ma
jority of instances quotations now
hover around levels that make the
foundation of trade much healthier.
1t is quite likely that efforts to re-
store confidence in the business of the
future, even though slackening tend
encies are observable at the present
time will at first be promoted in the
investment markets which now seem
to be exhibiting hardening tendencies
and feeling the effect of purchases BY
shrewd investors.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-08-24
FIGHTS EXTRAD|TION TO
FACE LIQUOR CHARGE

Efforts to w. s. West to fight extra
dition from Spokane to Pendleton TO
answer to a liquor charge were holding
up his return from there today, the
district attorneys office was noti-
fled by telephone. W est was arrest
ed at Spokane, charged with being the
driver of the Premier car in which
nine cases of whiskey were found Fri
day.
Deputy Sheriff Joe Blakely left Tor
Spokane last night to bring the man
here. 1t is reported that Federal
charge has been placed against him,
which will simplify matters in trans
porting him out of the state.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-08-24
oats-with the EXCEPTION Of tem-

oats-with the. exception of tenn
porary easiness early in the day tho
market had strong tone and closed
at top prices. The stimulating infiu-
ence was the evidence of better de-
mand from the east both for domestic
and foreign accounts. The cash mar
ket reflected this situation by an adj
vance in premiums. We think II VIII
be well to watch tho activities OF ex-
porters as the market is in a poAtion
to respond further to constructive
news OF this sort.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-08-24
rnANoE AssUREs SUPPLIES

Ter Millerand, of France, acting as
president of the supreme council, has
telegraphed Sir Reginald Tower, the
allied high commissioner at Danzig,
il. vjting him to assure to Poland a
complete liberty in importation of war
material through Danzig, as PROVIDED
for in the Versailles treaty.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-08-24
OLDSMOB|LE AGENCY
WILL Be OPENED HERE

A direct agency for Oldsmobile cars
here will be opened tomorrow IN the
rooms formerly occupied by Mclean
& Snavely opposite the Hotel Pendle-
ton. Edward E. Cohen. president and
manager of the Oldsmobile CO.. OF
Oregon, is here today to open the new
business.
A line of Oldsmobile passenger cars
will be displayed in the new quarters
which have been remodeled for the
new tenants. Mr.. Cohen viii supervise
the agency here for few days. Kyle
Long. of Pendleton, is to be one or
his sales force.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-08-24
WHEAT ADVANCES
confined from page ~

but we're displayed as market leaders
in the third hour by the sudden ap-
pearance OF broad buying power LOT
the active equipment, steel and OILS
shares. The news from abroad re-
garding war activities in Poland ana
the European political situation In
general were looked upon with an m
creasing amount of optimism ana
strongly reflected in the buoyancy
which the market exhibited in the late
afternoon transactions.
Call money remained stationary at
per cent during the session. OF late
most pessimism has been varied In
certain lines of endeavor regarding
the outlook. The stock market in. the
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-08-24
MAN wANDERs OVER BLrFF

SEATTLE, Wash., Aug. 24.-tA. -
The body of John Smith, 20, who
had been reported missing from his
home in Enumclaw, Wash, was found
Yesterday in a gulch in southeastern
King county by searchers headed by
deputy .sheriffs. The officers said
smith had evidently wandered over
the edge of an s0-foot cliff.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-08-24
CFrom oyerneck & cooke Co.,

(From Overlook & Cooke Coz
CHICAGO. Aug. 24.-Wheat: After
an early setback. the tone of the mar
ket was completely reversed and
strength prevailed right up to the
close. The foreign demand for the
first time in thirty days showed evil
dence of broadening and a good sized
business was reported closed today.
Cash wheat in all markets was strong
and higher, ranging from 3 to cents
higher in the southwest and from s
cents to 20 cents in Minneapolis Cars
ere in better supply in most sections
of the belt but the movement fails to
Increase because of the disposition on
'he part of the producer to await high
er prices. We doubt that this hold
ing artit lde can obtain very long but
at the same time with exporters be-
ginning to take hold aggressively 1t
is not unlikely that values will be en-
HANGED somewhat.
Corn-Early in the day the two de-
ferred deliveries declined to within
D fraction of the extreme low prices
on the crop but failed to go further as
pressure was less pronounced and SEN
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-08-24

of Mr.. and Mrs. Isham Nicholas Smlth
has visited in Pendleton as the guest
of DR.. and Mrs. Guy l.. Boyden. Mrs.
Boyden and Mrs. Taubman were class
mates at the university of Washington
where both were members OF the
Kappa Kappa Gamma sorority
Mr.. and Mrs. Taubman VIII be at
home after the first of October at
37T4 Grayson Avenue.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-08-24
VISITS rpoM coIonADo.

Mrs. Mary Kerr OF Durango, Colo
rado, Ia being welcomed for a visit at
the home OF Air. and Mrs Dale Roth
well Mrs. Kerr is Mrs. Rothwells $
mother. She is 10 remain for an in
definite stay and will go on TO the
coast before returning home.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-08-24
wEDDING CARDS REcEIvED

WEDDING CARDS RECEIVED.
Pendleton friends are receiving an
nouncements of the marriage of Mrs
Doris Smith Noble to Morton McKin-
ley Taubman, the wedding having
been an event of Saturday, August 21,
in Seattle.
Mrs. Taubman. who is the daughter
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-08-24
RrrrRN1NG FRoM PORTLAND

RETUR URNING FROM PORTLAND
Mrs. L. q. Scharpf and two small
children viii return to Pendleton on
No. rs this afternoon after spending
the past four weeks visiting in Port
land. Master George Scharpf and Miss
Evelyn Mortimer returned this morn
ing on No. from Portland Mrs.
scharpf and the children and Miss
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-08-24

LEAVE FOR HOME TODAY
Misses Clara and Mamie Glass, of
Portland who have been guests of
their brother and sister-in-law, Mr..
and NIrs,sWill Glass. at Pilot Rock for
the past week, left for their home In
Portland today.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-08-24

MILTON COUPLE MARRIED.
a wedding service last evening unit
ed Mary Rightmier and Henry Kill
duff. The ceremony took place at
Milton and Rev. Robert Lee Bussa-
barger, pastor of the Christian church
of Pendleton, officiated.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-08-24

VISITS FROM SAN FRANCISCO.
Mrs. Gunder Terjeson has as her
house guest Mrs. John S. French of
San Francisco. Miss French was for
merly Miss Nellie Mcdonald of this
city.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-08-24

WILL. VISIT IN PORTLAND
Miss Hortense MacMaster departed
on delayed No. IL today for Portland
where she plans to spend the winter.
She is TO he the guest of her aunt Mrs.
q. $ Williamson.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-08-24

GUEST AT OLIVER HOME.
A guest at the home of Mr.. and
Mrs. r. \. Oliver is Miss Florence
yoris. of Spokane. Miss Voris is a
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-08-24
FROM VISIT.

Mrs. Anna Furnish and daughter
Miss Katheryh Furnish. arrived home
last evening from Bickleton, Wash
ington after visiting for two weeks
with Mrs. Furnish's mother. Mrs.
Frank Stevens.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-08-24

Mortimer have been absent since the
Scharpf home was damaged by fire a
month ago.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-08-24
IS GrEsr FoR DAY.

Mrs. Claude Hanscom spent yester-
day in Pendleton from her home near
Cold springs.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-08-24
Social and Club News

cousin Of the Olivers and she accom-
panied them home a week ago from
an outing enjoyed near Cloud Can Inn
in the Upper Hood River Valley. The
trip was accustomed by a reunion of
the Van Nuys family of which Mrs.
OHNer Is member. Five of the i'm
mediate family were included in the
group, Mrs. Oliver. Mrs. &. T.. Fisher
OF Seattle. Rev. W. l.. Van Nuys Of
Portland, Ned Van Nuys of Parkdale
and DR.. Il. A. Van Nuys of Chicago
\ party OF twenty-five enjoyed nearly
a fortnights camp in the picturesque
spot by Mount Hood.
RETURN FROM MOUNTAINS
Mr. and Mrs. 4. A. wylie and two
small sons returned last night from
the mountains. where they spend sun
day and Monday on an outing.
The presence of Miss Gertrude
Morton of Phoenix. Arizona, who is
the houseguest of her grandparents,
Mr.. and Mrs. Lee ALsorhouse. was the
inspiration for a delightful bit of hos
pitahty yesterday when Mrs. Mark
Moorhouse asked few guests to her
home on Thompson street for a one
O'Clock luncheon. A cluster of tinS
aster blossoms in tones of delicate
pink and lavender centered the pret-
~ table and the party included be-
sides the honor guest and Mrs. Moor
house, Miss Helen Idleman, Miss
Helen Thompson. Miss Genevieve
Phelps Miss Catharine McNary and
Miss Jane Roosevelt.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-08-24

WANTED--First class mechanic at
s1i Gardcn--See Mr.. Jewett.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-08-24
TOO LATE TO CLASSIFY

for general house
work-Phone 1043.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-08-24

WANTED-Washing and ironing to do
at home-Address "36w'' this office
New-York tribune., 1920-05-30
Quiet Session
I'm Stock Market:
p. C.. Bank Rate
Local Federal Reserve Insti-
tuition unexpectedlyMarks
Up Discount Quotation
to Open Market Level

SO far as the movement in stock
prices having any special significance
yesterday, the market might Just as
well nave beep closed. In two hours
barely 100000 shares of stock changed
hands. Attendance in the Street was
Aght' owing to the fact that many Of
'he professional traders had gone away
Tor the Memorial Day recession. And
those who We're present found little in
the news to stimulate active trading.
on the whole the tone of the market
was one of frmness. with the railway
shares continuing the recovery begun
few days ago.
News of the advance in the official
rate OF discount of the Federal Reserve
Bank of New York on commercial
paper from to per cent did not
come until after the close Of the mar
ket and was therefore not factor.
Ihls step by the reserve bank officials
was unexpected by the rank and file in
wall Street, although it was known
that representative bankers had advo-
cated such move at the conference
Wlth Federal Reserve Board members
" ",oSntlS SIon fortnight ago. BY
stabllshlng z per cent rate on com
merclal paper the bank has brought
ITS rate up in line with the open mar
ket quotation. 1t Is in keeping with
policy of the Reserve Board toward
promoting credit defation. The effect.
OF course, will be to further reduce
member bank borrowings at the re-
serve bank, which in turn will tend to
cause continued liquidation of com
mercIai loans. The principal effect
upon the trading in stocks will likely
be to check further speculative expan-
SION Evidently the banking authori-
ties feel that the progress made in
breaking the transportation blockade
and releasing frozen credits has been
such as to make possible the establish
ment of this high record discount rate
without producing general unsettle-
ment. 10 have marked up the rate in
THIS manner fortnight ago might have
preclpltated an extremely serious sit
uation.
The weekly statement of the Federal
Reserve Bank of New York disclosed a
less favorable reserve position, indcat-
ing some expansion. The ratio of re-
serves to deposit and note liabilities
STOOD at 41'o per cent, against 42.3 the
week before. The Clearing House
banks reported an increase of S16.648
600 in surplus reserve and an increase q
OF @l,8O0,000 in loans and discounts.
New-York tribune., 1920-05-30
The New Rediscount Rate

There was no gainsaying the fact
that the announcement of the Federal
Reserve Bank. after the close of yes
terday's market, that it had increased
the redlscount rate on commercial pa
per from per cent to per cent was
distinct surprise to the rank and file
of Wall Street. True, it was generally
known that some of the leading New
ork bankers who attended the Wash
lngton conference a fortnight ago ex-
pressed themselves as favoring higher
rate, yet the recent utterances of
George. NJ. Reynolds, Of Chicago, led
to the belief that an advance at this
time was unnecessary. Mr. Reynolds,
as matter of fact, was quoted as say
ing that the consensus of the Wash
lngton meeting was that no increase
was contemplated. The action Of the
directors OF the New York Reserve
Bank was explained by statements
there that this district has made little
headWay toward deflation and that with
the heavy demand for funds expected
IN the fall in connection with moving
the crops it was deemed wise to check
any further tendency toward initiation,
at least, during the summer months.
New-York tribune., 1920-05-30
The Dollar in Foreign Exchange

The continental exchanges continued
to move upward during the last week.
The discount Of the lire in terms of
dollars was reduced strikingly. and
that on Belgian and French francs
significantly also, but to lesser ex-
tent. The mark in the middle of the
week climbed above cents, but
reacted and closed yesterday at $50
for cables, which is about $50 per
cont higher than it was quoted dur
ing the dark days of February. On
the arrival of $22 100000 of gold on
the Pacific Coast for the account of the
British Treasury sterling became firm
and showed slight net gains for the
week.
The European exchanges, which
slumped to unprecedented depths dur
ing the critical winter months, are
now. discounting the fact that they
emerged from that dangerous period
without all the predicted evils befall-
ing them. The impetus to the rise
was impaired by the inter-Allied CON
licences, which indicated that the fix
ing Of the German indemnity was near,
and short covering, accompanied by
speculative buying for the rise, CON
tinued the movement.
If you calculate the cost Of the dol
lar in terms of foreign money at cur
rent exchange values that is, if you
were buying a dollar with pounds.
marks or francs-its value at the close
Of last week, as compared with year
ago, folIoWs:
New-York tribune., 1920-05-30
Trading on Curb
ln Light Volume:
Prices Are Steady
Petroleum Issues Continue
to Attract Attention, but
Movements Are Irregular:
Few Changes Recorded

Trading was in light volume on the
curb market yesterday and price fluc-
tuatlons were narrow. Petroleum is
sues again held the center of atten
tlon, but movements in this group were
Irregular and little line could be
drawn on the market.
Many of the more active oils eascd
Oft fractionally under lack of support
and the professional bearish element
continued to exert pressure. The pre-
holiday sentiment kept trading dow u
and price recessions were small Mid
west Refining, which moved up more
than 10 points during the week, added
another, but Mexican Panuco was Off
fraction on the last sale. This stock
netted q substantial gain during the
week, however, probably on the
strength of the belief that an impor-
tant announcement would be made by
Houston Oil held firm at SO. after re-
week. Texas Pacific was trlhe
higher, but showed no tendency to ad-
vance to the point at which it suffered
a break during the week. Simms Pc
troleum was fractionally higher, but
White Oil eased off slightly.
Movements in the industrial group
yesterday were small and unimpor-
tant General Asphalt was not so
strong, and Submarine Boat failed to
hold its gain. but United Retail Candy
moved up to 151s, net gain of 2
points for the week. Others were vir-
tually unchanged
Bonds ruled steady, with only few
changes, and these in small fractions.
New-York tribune., 1920-05-30
Financial Items

Application has been made TO the Stock
Exchange to list General Electric. $2,7o5,
OF New Jersey. $685. 800 additional Z
per cent cumulative non voting preferred
stock and Wickwire Spencer Steel Corpo-
ration $1,26o.000 additional cumulative
stock
AT tho annual meeting OF the Otis Steel
Company the directors were re elected. ex-
cept that Charles a. Otis was elected al
rector TO succeed June William Sanders,
resigned.
The directors and elIicers of the Ohio
Oil Company were re-eiected at their an
nual meeting. George J. Marks was elected
treasurer
Trustees OF the Gratuity Fund of the
New York Stock Exchange report the cleo
tion of Henry c. Sworus as chairman and
Henry X. Pomroy as secretary and treas
urer for the ensuing YER.
Abraham & Co. have moved 10 larger
offices at Hg Nlila u street
New-York tribune., 1920-05-30
=, 1'"eden's Beet Sugar Cr0p

som;na. gaen mas for many years taken a
ee,, ''snI Az pace IN the raising of sugar
l,ow W. g. Al! reports this year tend to
b.sto5 tAae larger acreage has been
E,edsuu u !Gr .4 sugar beets IN southern
@a@I E,,.., cultivation in all Sweden 4hg 4ba@ bas
ssa1 sv1 e. curing the last few wears be-
Nj 4" oo''OO and 6l.800 acres. The an
s)oonp production has varied between
f,,ioy; ,i0V and and 100000 tons of beets. From
ssinbiio.a reports which are now
regaea g,r past records viii be broken
,s ss, Price. Much OF the land that has a.,
,s,d4 IN p4!anted TO potatoes is now being
'ssnoa.to 70 sugar beets because Of the
,5TroJl,o,.' low prices for potatoes. The
FsfsBbiies'e returns which are now
tl sue spe.,. as to The acreage planted
afd mo- No. ipeeJs show that fully one
" 'han in 1919. ''''' u '''''
New-York tribune., 1920-05-30
Steel Price Average In

SVeel prices remained generally un-
changed last week, but pig iron, which
mas been consistently strong. showed a
slight gain in the Bessemer grade,
sending the weeks level OF the eight
leading iron and Steel products, based
on quotations OF the Iron Are" to
$79.70 a ton, compared with $T9.64 a
week ago Bessemer iron, Pittsburgh,
IS now quoted at $44.40 a ton, against
S43.90 last week. There has been no
change IN the policy Of the United
States Steel Corporation IN holding to
the prices agreed upon by the Indus
trial Board in March, 1919, although it
has been reported that Canadian buyers
have had to pay more than domestic
consumers.
New-York tribune., 1920-05-30
The Odd Lot Ma rkct

Buying Of odd lots on the Stock Ex-
c9'aSe or ;a daij iaHt %eeh was greatly in excess
"Odd Lot Review" which saws; "Re-
neWed confidence on the part of the
small investor resulted in a food OF
6uying orders, bringing up the balance
IN favor of the buying side to nearly
~, lne highest point reached this year.
mere were % per cent more purchases
than sales. as against - per cent for
the week before. The best previous
record for the year was 1870 per cent.
or the last week Of April. The num-
Yer OF buyers exceeded the number of
sellers by approximately So per cent"
New-York tribune., 1920-05-30
I'm Wall Street
Many Traders Away

The attendance on the floor of the
Stock Exchange was much smaller than
usual, due to the fact that many
traders had left the city Friday night
to be away until Tuesday morning in
celebration of Memorial Day. The hol-
iday fever was also in evidence in the
customers rooms of commission
houses, where numerous vacant chairs
were to be seen. Although the banks
remained open as usual for business
there was not the customary hustle
and few bank executives could be seen
at their desks. The majority, it was
learned. had decided to take a three
day holiday.
New-York tribune., 1920-05-30
Norwegian Gamers
Plan German Credit

About 200 Norwegian fish canning
ana preserving companies have been
competed to discontinue operations. as
IL mas oeen found impossible to dispose
of their output to Germany, which is
their largest market. A committee rem
reSentlng the canning interests has
taken the matter up with the Norwe-
glan government and requests that the
government arrange a credit for 80
per cent OF the purchase price Of Ger
man orders, the Gamers themselves
giving credit for 25 PEI cent. and the
remaining 20 per cent to be paid in
cash by the German importers. It is
expected that the Norwegian govern
ment will give the Gamers some assist
ance in the matter.
New-York tribune., 1920-05-30
Japanese Plan Rail Extension

An increase Of 24O.000.OO0 yen SEQ
100000 in the capitalization Of the
South Manchurian Railway COMPANY.
decided upon early in March, reports
Consul Max D. Kirjassof, Dairen, and
approved by the Finance Department
and the Imperial Japanese Cabinet,
brings the total capitalization to 440,
100000 yen 1920 600, ,000). The new
stock will be divided equally between
the Japanese government and the pub
lie, the governments portion TO be paid
IN when the necessary alterations in
the company's constitution and the re-
VISION IN the government instructions
to the company have been effected.
New-York tribune., 1920-05-30
(ZeChS Strike Oil

The Czecho-Slovak Chamber Of
Commerce announced yesterday that
from the new republic, oil has been
struck in three, and possibly i've
locations in Slovakia. The oil, which
is sale to be of the best quality. lies
IN shallow pockets, thereby making
unnecessary expensive deep drilling
through rock and sand Friends Of
Czecho- Slovakia insist the discovery
will have a most important bearing
upon the future economic welfare Of
the country
New-York tribune., 1920-05-30
Pool Plans Upset

1T Will be interesting to see what
effect the jumping Of the Reserve
BANKS discount rate will have upon
the Well-laid plans of manipulative
pools. No attempt has been made dur
lng recent days to disguise the fact
that pool managers were grooming cer-
tain Of their industrial favorites for
another speculative splurge The i'm
proved tone in the general market and
TAR degree of ease in the money sit
uatlon tended to arouse courage on the
part OF pool managers and predictions
were made last week that not only
would pool operations start, but what
vas more, they would be successful.
moreover rather eXtravagant predic-
which the How pool favorites would he
put. The outlook has been changed
considerably as a result Of the 7 per
cent discount rate.
New-York tribune., 1920-05-30
lnNest2bic Capital

ne surplus earnings of the people
Of the United States funds avajlabie
for investment at the current rate ar4
estimated roughly at from SO 600 600
600 to $l5000,0o0. o0.O00," says tr<. Amer
lcan Exchange National BarIk. "Of
TINS amount taxes will consume about
$4,000 100000, leaving the balance for
inVcstmcnt IN new enterprises. for
which S5,00000000O was asked in H.,
hrst three months of the year. which
represents rate of 100000. 900, 900 d
year. Where viii the railroads come
New-York tribune., 1920-05-30
:, 'apan's Industrial ARMY

sres ~ ,'GIl qoer Der OF employees in the fac
Yer " No. o. apan were estimated, in the
'aes dt pa5t OF 1919, by "The Japan
';iltjon@ @'.o Il. Mail" at over a million, in
Is in iI ~ 70 approximately 100000 work
"a nnhe hn various government factories
'splav"ou, offices, and $4,000 seamen
'ass 'a Dy Japanese shipping CON
New-York tribune., 1920-05-30
New Bank fer Iceland

ad + tbat ieported from Reykjavik, Ice
he "a. ~i.. 'hird bank is to be started
srsaS" WIN n, capital from England and
l viii inc greatest amount of capi-
ehnd' however, probably come from
i'a e6rsa and OF the 100000 crowns
he alrj Yo required, 100000 crowns
'faoy been signed for al home.