Douglas daily dispatch. [volume], March 31, 1928, Page EIGHT, Image 8

About Douglas daily dispatch. [volume] (Douglas, Ariz.) 1903-1961

Image provided by: Arizona State Library, Archives and Public Records; Phoenix, AZ

                
EIGHT
NOTICE
Night Calls
In cases oi Electrical Emer
gencies after 6 p. m. Phone:
256, 554 W or 520 J
Arizona Edison Co.
Phone IQO ,
During Business Hours
< -
iii ir^Miiiin in
Night Gas Calls
In cases of emergencies
after 6 P. M.
t>hone 704 and 713-W
Arizona Edison
Company
i r T " ~ ■-
Douglas Planing Mill
and Glass Works
4 mirteentti street.
Phone 512
Save on Roofing, Paints, Var
nishes, Celotcx, Screen Doors,
Sash and Doors.
Automobile Glass, Plate Glass.
Window Glass.
DOUGLAS DAIRY
When in need of Raw or Pas
teurised Milk, Cream, Eggs and
Butter
Phone 245.
i /
■ s
M., P oP&ii£B^
Adds Life to, Years
And Years to Life.
DR. C. A. CALL
Brophy Bldg. Phone 142.
;"53CKK|X3 >y(li
l t J I- ■ -*
Room 31, First'National Bank Bldg.
Phone 648
HUGO A. ESCOBAR T.
Conversational OSphnish Teacher
English and Spanish Interpreter
P. O. Box 89 ‘ Douglas, Ariz.
V. , 1,... ”..i ■ ,/
WHITE HORSE CAFE
l Only highest class
Mexican and Amer
ican dishes served
here.
Felix B! Armendariz
Chef
Moctezuma Copper
Company’s
Store Department
IMPORTERS, JOBBERS AND RETAILERS IN
GENERAL MERCHANDISE
' QUOTATIONS UPON APPLICATION
Nacozari, Sonora, Mexico.
*-* T'.' • ■ ■
• FOR REAL ECONOMY i
Buy Something Made of
COPPER
Calumet & Arizona
Mining Company
Dofeglas, Arizona
DOUG-ZONA HOTEL
Corner Ninth street and G Avenue
Opposite J. C. Penney Co.
Clean Rooms
RATES REASONABLE
Mrs. Stella Mcßae, Prop.
V__ /
r BAGGAGE CHECKED TO AND
FROM YOUR HOME.
Authorized Agents of
Southern Pacific Co.
REAY & JOHNSON
j 1320 G Ave. Phone 44.
v. : —-*
r - >
HADDEN HOTEL
Hot and Cold Water in Every Room
Next Door to Hart’s Case
Baths Rates Reasonable
L
r *\
Tailor Made Scat Covers
Auto Awnings, Store and
Ifouse Awnings
1928 Samples to Select From
i RALPH SEELEY
1 421 Ninth Street. Phone 892.
, V. ____ /
Have Those Sagging
Doors Lined Up
So they will open and close
easily and not RATTLE.
We Specialize in
Fisher Bodies
Consultation Free
Reline ycur brakes and avoid
calling a wrecker.
Southern Arizona Auto
Company
1223 G Avenue
Machine Shop and Welding
, wmmmmmmmmmmmmmmmmmmmmmmmmmmmmm I
TIME TABLE
PICKWICK STAGE
SYSTEM
Leaving Douglas
Westbound
7:30 A. M. For all points west.
11:00 A; M. For Bisbee only.
(Except Sunday)
2:15 P. M. For Bisbee, Tomb
stone and Nogales.
(Except Sunday)
8:30 P. M. For all points west.
Eastbound
9:00 A. M. Lordsburg, Deming,
El Paso, Silver City, Ama
rillo, ist. Louis, Chicago and
Detroit.
7:30 P. M. Lordsburg, Deming,
El Paso and Amarillo.
Arriving at Douglas
From the West
7:35 A. M. From all points west
1:05 P. M. From Bisbee only.
(Except Sunday)
4:15 P. M. From Bisbee, Tomb
! “ stone and Nogales
(Except Sunday)
6:10 P. M. From all points west .
From the East
6:45 A. M. From Lordsburg,
Deming, El Paso and Amarillo
7:10 P. M. From all points
east.
All Stages Depart From
Pickwick Stage Depot
1224 G Ave. Phone 38 \
! fIBBP&WAHTAPS
I REA*' mHUIBIM
■
DOUGLAS DAILY DISPATCH, SATURDAY MORNING, MARCH 31, 1928
. i j.; .
Winfield Park, on an island in the Truckee river in Reno became an aquatic spot Sunday, when the river brought a
wall of water through the city. Photo shows the park, in the heart of the city, with flood waters going over the
retaining walls.
PRICES CLIMB
TO NEW RECORD
ON N.Y. MARKET
Stock market averages:
20 Industrials 20 Rails
Friday <x)200.63 (xx) 148.16
Thursday 196.01 147.2 G
Week Ago 193.25 145.83 J
Year Ago 148.65 137.01!
High 1928 200.63 148.16 j
Low 1928 178.84 138.36;
Total stock sales 4,586,300 shaves. i
x—Ex-dividend .05.
xx—E-dividend .10.
NEW YORK, March 30 W—ln onej
of the most consistently strong ses-|
sions of the current bull market, prices
of dozens of stocks climbed $4 to near
ly $25 a share today, established about
75 new highs for the year or longer,
and piled up total sales of 4,585,300
shares. The feverish bidding for shares
was not checked until the final gong
and practically all the leaders at the
close were at or close under peak
levels of the day.
Radio common, charging headlong,
was again the individual feature, dash
ing past General Motors for the first
time and reaching 195 in the last
trarisactions, a gain of 24 1 a on the day.
Only for a moment did it falter in its
advance and then dipped a small frac
tion under its opening price of 173.
General Motors closed with a net
gain of 7 points, at 192.
The average of 20 leading industrials
was at a new high for all time, at
200.63, with a gain of approximately
4% points., This gain was all the
more remarkable in that issues scoring
the most outstanding advances are not
included in the compilation with ex
ception of Baldwin, which had a net
advance of 15 Vi points. The railroad
average also reached a ,new peak.
Doubltless the day’s enormous buy-;
ing was inspired by the failure of brok-1
er loans to reach the high level for all ]
Gang Guns Get “Diamond Joe”
Jm liiiulji'iyi <■» »"%ii ill I—l mu —r IIII IIIrr r~j
“Diamond Joe’’ Esposito was czar of the old “Bloody Nineteenth” ward in
Chicago. The other night as he was returning from a political meeting, with
his bodyguard, his $5,000 diamond ring and a belt, studded with diamonds, live
men got out of an automobile and openqd fire. The bodyguard dropped to ihe
sidewalk to escape fire. Esposito dropped, too, dead. “Diamond Joe” is shown
at the top when he was host at a banquet given tor poor children of his
ward. Below are Mrs. Esposito and the home in front of which the shooting
occurred.
RENO’S PARK COVERED BY FLOOD
time, established in February, and by
Secretary Mellon’s statement that the
current gold movement is not likely
to disturb credit conditions. Call
money was marked up to 5 per ceht
after renewing at 4%, but the bull
faction gave little heed since the stif
fening rate was attributed mostly to
the usual growth in demand for funds
at the end of a quarter.
The industrial and specialty groups
provided the most conspicuous ground
gainers. New peaks were reached after
advances of 2 to 8 points by a long
list of stocks including General Elec
tric, Anaconda Copper, American In
ternational, American Corporation,
Wectinghouse Manufacturing and
Hershey Chocolate. Wright Aeronaut
ical responded to success of the Stin
son endurance flight in Florida by
zooming 12% points to 98’j, drawing
Curtiss Aeroplane in its wake.
Huge blocks of the low priced oils
turned over at improving prices, par
ticularly Sinclair and Marlind. At
lantic Refining reached new high
ground.
The railroad group participated less
spectacularly in the general rush up
ward although St. Paul common spurt
ed 4 points while the preferred gained
about half as much, both to new tops.
Union Pacific reached 199 for the first
time since 1909 and'Nickel Plate made
a new 1928 top.
Consistent accumulation continued in
public utility department, particular
ly among the New' York Gas and
electric shares. Brooklyn Edison went
up ten and consolidated gas 2%, both
to new highs put 'i ( he latter subse
quently lost all but., a fraction of its
gain.
Outstanding stocks which made
huge strides but failed to break through
former peaks included DuPont, U. S.
Cast Iron Pipe, Union Carbide and
Adams Express with gains ranging
from 4 to 11 points.
Time money and commercial paper
rates held steady* ~>af ter yesterday’s
slight stiffening.
A. ten-point drop in Portuguese
escudo to 4.25 cents featured the other
wise steady foreign exchange market.
Japanese yen were quoted a little
higher and sterling cables held un
changed around $4.88 3-16. French
francs were just under 3.93 % cents.
Mixed changes were recorded in the
principal commodity markets. Cotton
and coffee prices were slightly lower
and sugar futures a rew points higher.
Wheat prices were off a little more
than a cent a bushel.
o
Kansas City Livestock
KANSAS CITY, March 30 W—(U.
S. D. A.)—Hogs 2,500; steady to 10c
higher than Thursday’s average; stock
pigs steady; top 8.25 on 190-215 pounds;
bulk desirable 160-230 pounds 8.10-
8.25; 240-350 pound butchers 7.55-8.805;
packing sows 6.25-7.00; stock pigs 6.50-
7.25.
Cattle 200; supply insufficient to
test values; few loads fed steers 11.25-
12.25; mixed yearlings 11.00-11.50; odd
lots butcher cows 7.25-9.00; few heifers
9.00-11.50; good to choice vealers 11.00-
13.50.
Sheep 5,000;. killing classes steady;
top wooled lambs 16.60; others 16.30-
16.50; clippers 14.25; shorn Texas
wethers 9.25. |
GRAIN MARKET
CHICAGO, March 3Q W Heavy
selliilg on the part of holders of fu
ture deliveries of wheat brought about
a sharp setback today in prices here.
Much of the selling was to realize
profits, but unlooked for declines at
Liverpool, slowness of export call, and
RELIGIOUS
in NEWS IS
WRITTEN BY MEN
OF MANY FAITHS
Unprejudiced/
• gmmmmmmm
This is an pg Newspaper
JPmeans Truth told interestingly
1
~T- szz&vxpz b*wbi4U<JI»4«IU«BBI
better moisture conditions for the do-i
mestic crop were also influential. j
Closing quotations on wheat were 1
unsettled, lc to l%c net lower, cornj
at %c decl»ie to an equal advance, oats!
%c to lc down, and provisions varying!
from 7c setback to a rise of 12<w 15c. I
Emphasizing bearish effects of in-!
creased pressure today to sell wheat!
was the circumstance that numerous
traders showed a disposition to go
slower on the buying side and to
await private crop estimates which v/ill
be given out Monday. Meanwhile, field
advices today from east of the Missis
sippi remained decidedly unfavorable.
Besides, one Chicago ooserver found
conditions less auspicious in Kansas
going west from Ellis. He placed the
winter loss in that section at about 20
per cent.
Rallies in the wheat market today
failed to prove of a lasting character
despite a statement from a leading
trade authority that the vital factor
Just now is alleged terrilic crop loss
from winter killing in the great cen
tral belt. His statement, which at
tracted much notice, said that with
a small crop east of the Mississippi
the prevailing price .level is not high,
especially in Mew of likelihood of very
low private monthly crop estimates on
Monday.
Corn and oats were responsive to
wheat weakness. Corn news, however,
was mainly bullish, weather over the
belt being stormy, and farm holdings
of corn in Ohio, Indiana and Illinois
being reported as very small. On the
other hand southwestern messages
forecast that a somewhat larger move
ment from farms would be witnessed
in the near future.
Provisions averaged lower, with hold
ers selling May lard and with hog
values tending downward.
COTTON° MARKET
NEW YORK. March 30 (#) An
early advance in the cotton market of
7 to 9 points on reports of rains in
eastern sections of the cotton belt was
followed by declines under renewed
near month liquidation, coupled with
southern selling and hedging. July
contracts sold below the 19-cent level
or fully a half cent below the high
level of Monday. The mid-afternoon
market showed net losses of 13 to 18
points. .
Spot steady; middling 19.65. Close:
January, 18.56.
May, 19.16-17.
July, 19.03-.04.
October, 18.73-74.
December, 18.59.
NEW ORLEANS, March 30 W—Spot
cotton closed steady, 14 points down.
Sales 1,465; middling, 19.27.
o
METAL QUOTATIONS
The average daily quotations for
copper, silver and New York lead as
carried by the Engineering and Mining
Journal for the week ending March
29, are as follows: Copper, 13.89; Sil-,
ver, 57.29; N. Y. Lead, 6.00 c.
O 7~
“No Breakfast Complete Without
The Dispatch.”
Dispatch Telephones—Bl and 82.
STOCK QUOTATIONS
Closing Quotations Furnished by
RICE & COMPANY, Brokers,
929 G Avenue Telephone 11
Atchison .190%
Canadian Pacific 213%
St. Paul 33 Vi
Southern Pacific 122%
Union Pacific 198%
Missouri Pacific .... 49 %
Rock Island .116%
Northern Pacific .100%
B. and 0 115%
Reading 107%
N. Y. C 176
Pena 68%
U. S. Steel 148 %
Crucible 86 %
Baldwin 282%
Bethlehem 58%
Vanadium 88% '
American Smelter 190
Anaconda .. 62%
Miami 19
Inspiration 20%
Granby ! 49%
Nevada Consolidated .’... 21%
C. and A 108%
Cerro de Pasco 67%
Kennecott 86%
Chile 40%
Greene 130%
Int. Nickel 97%
Howe '. 52%
Ahumada 5%
Magma .. 50%
Texas Gulf Sulphur .... 76%
Radio ...? ......195
Allied Chemical 160
American Can 84%
Public Service 49%
General Electric 157%
A. T. ard T. 181%
Ajax U,%
Goodrich 86
U. S. Rubber 60,%
Dcdge common 22
Parkard 6&%
Studebake? . ..565%
General Motors .192
Nash JBB%
Hudson 94%
Chrysler ~ 7%
Lago 39%
Richfield 35%
Marland 4Q%
Sinclair .........29%
Texas Co 58%
S. Oil N. J 40.%
Pan 6 46%
Phillips Pete 41%
Shattuck 14%
Aribzna Commercial ‘ 4 ,,>
Old Dominion .>9%'<&' 9%
Verde Extension . i . 19% #• 20
New Cornelia • 26% @ 27
Jerome Verde 2© @25
Belmont (bid) 1.35
Cusi Mex 25
Mosqueteros 7 @ 8
Verde Central ...:: 1%~ ~ »
COMMEMORATE REYQLUT|QS,
NOGALES, March 30 Herald
' dispatch from Mexico. City today says
that a large fund is now. being oWeed
in Mexico for the purpose*,•
memorating the revolutian .wWch. over
threw the Diaz regime. Geperal,4aKon
Saenz, governor of the state of Nuavo
Leon, has been named to' head the
commiittee which is raising the money.