Winslow daily mail., December 15, 1926, Page PAGE FIVE, Image 5

About Winslow daily mail. (Winslow, Navajo County, Ariz.) 1926-1932

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

                
WEDNESDAY, DECEMBER 15,1926
FINANCIAL NEWS
New York Stocks
NEW YORK, Dec. 14 (AP)—With
total salt's grossing the 2,000,000
mark for the first time in six weeks
stock prices resumed their upword
movement today under the leader
ship of the industrial shares, the
general average of which touched
the highest level on record. The
rally took place in the face of a
of money rates, hut this
was regarded as temporary and due
to the heavy-month demand for
funds.
Bullish enthusiasm wa3 created
by reports of unusually heavy holi
day trade and by dividend and mer
ger rumors involving several of
the larger railroads and the smal
ler automobile companies. Com
mission houses reported an •expan
sion in publis interest although
profesionals continue to dominate
trading in most of the speculative
stocks.
Baldwin Takes Leap
Baldwin was again a sensational
feature, soaring over seven points
to 163 5-8, or within a small frac
tion of the record high. The Mc-
Croary Store issues, Loose Wiles
Biscuit common and second pre
ferred and Kelsey Wheel all clos
ed 3 to 7 points higher.
Renewed hying of General Motors
carried that stock up above 152 hut
it later reached to 151 1-4, up 1-4
net. Chrysler, which was strong
yesterday, closed fractionally lower
on profit taking. Mack Trucks
crossed 101 hut slipped hack a
point from the top. Pierce Arrow
preferred closed two points higher.
Rumors of mergers in circulation
in Wall Street place Chrysler and
Packard in one combination, and
a number of small companies in
another, but all these lack confir
mation.
U. S. Steel crossed 13 for a net
gain of over two points. Among
the score or so industrials to
break into new high ground, were
Dupont, South Porto Rican Sugar,
Brooklyn-Manhattan Transit, Con
solidated Cigar and Columbia Car
bon.
Rails Hove Slowly
Rails move ahead with the indus
trials, but not to the same extent.
Nevertheless, Atchison, Erie, first
preferred, and Hudson and Man
hattan preferred, touched new 192 G
peak prices, and Pittsburg and
West Virginia was bid up nearly,
three points.
Call Ettmoy; held steady at five
per cent all day. Time money was
quoted at 4 5-8 to 4 3-4 instead of
on a flat 4 5-8 per cent basis. Com
mercial paper rates were unchang
ed.
With the exception of a moderate
decline in sbme . of the distant
wheat options, commodity prices
generally were firm. Cotton closed
4 to I<> points higher on buying in
fluenced by a bulish consumption
report. Raw sugar was unchang
ed and coffee prices advanced but
slightly. Heavy short selling of
French francs and Italian lire ggve
the foreign exchange market an
irregular appearance. French
trancs were quoted nearly five
points below their recent high and
Italian lire showed an extreme de
cline of nearly twenty points from
the recent high level. On the oth
er hand, demand sterling ruled
quarter of a cent higher around
$4.84 3-4.
0
A DAILY .HAIL want art will rent
that spare room for you
OUT OUR WAY
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,i.J '■' double acTiom , Cl«« BY NBA SEnVICC. INC.
Oats On Upturn
As Wheat Falls;
Corn Unchanged
CHICAGO, Dec. 14 (AP)—Wheat
underwent a substantial downturn
in value today, whereas corn clos
ed virtually unchanged and oats
scored a new high price record for
the season. Favorable harvest
weather in Argentina together with
cheapness of Argentine wheat of
ferings to Europe did a good deal
to pull the wheat market down.
Wheat quotations here finished 3-8 c
to lc net lower, corn unchanged
to l-8c off, oats 1-8 to 3-Se up,
and provisions varying from 10c
decline to a rise of 17 <fp 20c down.
Wheat consumers abroad were
credited today with buying for
only actual needs. Domestic mill
ers, however, were said to he good
purchasers of all milling wheat,
although new flour demand is
slow. Meanwhile, a decrease of
5,478,000 bushels in available
stocks of wheat was virtually ig
nored, the total supply remaining
19,148,000 bushels above last year’s
figures. It was asserted also that
an unlooked for big decrease of the
United States’ visible supply to
the contrary notwithstanding, the
North American visible and the
southern hemisphere surplus give
ample evidence of abundant stocks.
Annual adjustment at the close
of lake navigation was put forward
as explaining the unexpected
shrinkage of the United States
wheat visible supply. The large
amount of wheat that appears to
have eliminated is in reality trans
ferred to a great extent to Georgian
Bay and other lake ports on the
Canadian side. According to a
leading authority here the result
that excess supplies above imme
diate world requirement continues
unrelieved.
Corn prices w r ere steadied hv
shipping sales to Michigan. It was
pointed out in this connection that
Indianapolis corn prices are rel
atively higher than Chicago.
Oats derived the strength from
active speculative buying, May and
July oats both scoring a new high
price record for the season.
Demand from provision sellers
made prices average higher.
[ LIBERTY BONDS |
NEW YORK, Dec. 14 (AP) —Lib
erty Bonds closed. 3 1-23, 100.26;
2nd 4’s blank; Ist 4 l-4s, 102.26;
2nd 4 l-4s, 100.31; 3rd 4 l-4s 101.-
12; 4th 4 l-4s, 103.70; U. S. Govt.
4 l-4s, 10.9.28.
- —o— ■ ■-
New York Cotton "]
NEW YORK, Dec. 14 (AP) —The
general cotton market closed
steady at net advances of 4 to 10
points.
—o ■ -
METAL MARKET”]
v s
NEW YORK, Dec. 14 (AP)—Cop
per, quiet; electrolytic, spot and
futures 13 5-8; lead, dull; spot
790. Zinc, steady; East St. Louis
spot and futures 705. Bar silver,
53 3-4.
o
READ and USE “HAIL” want arts
for PROFIT
|M0 M ’N POP
-'r, - . MlGHTgtiil ~3=pq NC ( Gee.mom-isn'A ( <Socpnks.wo- A A
\i 1 8P li La syi
§r Stear tßir x SsiN' y m\ nil
November Shows
Slump Over Other
Months Os Year
WASHINGTON, Dec. 14, (API-
Financial and business activity in
the United States during November
failed to keep up with the extra
ordinary previous months of the
year, the Federal Reserve hoard
noted today.
Seasonal curtailments of produc
tion in industry went somewhat
further than usual, though the sit
uation was mitigated to a consid
erable degree by a resumption of
accelerated output in several in
dustries, notably textile and coal
mining.
Building construction, which has
been under a forced pace for some
time on a national scale, proved to
be a little smaller during late fall
and early months of the present
year as compared with the same
periods in 1925. Wholesale and re
tail selling was also found a little
under last year’s record.
In spite of these less favorable
factors, transportation business on
railroads was noted as having
climbed to record volume during
October and to have continued
during November. Agricultural in
dices, largely because of the
slump in cotton, indicated a less
satisfactory return to the farmer
than last year, though there were
some exceptions as in the case of
dairy products.
Along with the easing up of bus
iness activity generally, the gener
al level of prices was found to he
declining in November. The credit
situation, however, was marked by
.a shrinkage in loan accounts.
START WORK ON
NEW PROPERTY
IN ASH CREEK
PRESCOTT, Dec. 13—A new cor
poration has just been organized
by Eugene Milligan of this city and
A. R. Human of Humboldt tp take
over the latter’s property on upper
Ash Creek. This new corporation
is known as the Black Hill Copper
company. Associated with Messrs
Milligan and Human is A. Cole, of
Louisanai It is said that work
will begin at once upon the group,
which has a splendid surface show
ing, and will be continued with
diligence until the ground is
thoroughly proven.
o
Phoenix —Outstanding exhibit at
State Fair this year, is that of
Arizona State Highway Depart
ment.
By Williams
WINSLOW DAILY MAIL
HOUSING NEXT
LEGISLATURE IS
HUGE PROBLEM
PHOENIX, Ariz. Dec. 13—Three
plans will be presented to the
Eighth session of the state legis
lature which convenes January 8,:
1927, for enlarging the office space
in the state capitol to relieve the
present congestion of state office
space, it was disclosed yesterday
by Governor Hunt.
The governor declared he had in
structed three architects to draw
np plans and specifications for the
three separate methods of enlarg
ing the office space in the capitol,
and that these plans would he
ready for presentation to the leg
islature when it meets.
The plans suggested by the gov
ernor and for which drawings are
being made are (1) an addition to
the present building, (2) a separ
ate building to he erected in the
same block on Jackson street south
of the capitol, on which the high
way building is located.
Any of the three methods, the
governor stated, will provide am
ple space to care for the overflow
from the state capitol building,
which is now taxel to its limit to
provide office and state officials and
their office -equipment and at
taches.
• With the eighth session of the
legislature but a matter of days
away, the ingenuity of A. J. Keen,
custodian of the capitol building is
being taxed to arrange matters so
as to care for everyone during the
60 days session of the legislature
not counting the special session to
follow, which at present appears
inevitable.
The governor expressed an opin
ion that Mr. Keen would be able
to pack away the overflow, hut
doubted if the method used would
suit all concerned. There will, of
course, the governor said, be fric
tion, for even state employes can
not be expected to rub elbows at
close quarters without some fric
tion.
Present plans provide for mov
ing the industrial commission,
now occupying the senate chambers
to the fourth floor of the capitol
building. In doing that, it is
pointed out, office space some
where will have to be found for
the American Legion State depart
ment office and the state exam
iner’s office, which occupy the
fourth floor.
Office space also must be found
for a part of the state vocational
department, now using two com
mittee rooms of the house cham
bers, and for the secretary of
state board of health, also occupy
ing a committee room of the house
chambers.
With every room in the state
capitol outside of the house and
senate chambers in use, the task
imposed upon Mr. Keen, the gov
ernor said, is a gigantic one, due
to the fact that the walls of the
capitol are not made of rubber
and will not stretch so that one
more may be crowded in.
Another problem which Mr.
Keen must solve and one which
will tax his ingenuity some more,
the governor explained, is that of
squeezing five addtional members
in the lower house of the legisla
ture. During the session of the
Seventh legislature, every bit of
available space on the house floor
was used to accommodate the
membership of that body, and the
solution of the seating plan was
facilitated by giving the speaker
no desk on the floor.
WiLh five more members in the
house in the eighth legislature
than were in the house of the pre
vious session, the problem becomes
one of some importance, the gov
ernor pointed out. “Mr. Keen,” he
said, “finds himself in the same
predicament as the man who tried
to ship a calf in a box that was
too small to contain the calf and
its tail. To leave the tail hang
ing outside was in violation of the
carrier’s rules, and he cohdn’t
poke the tail inside the box, so he
solved the problem by wrapping
the tail around the box and nail
ing it fast. I guess Mr. Keen will
have to wrap the tail of the Eighth
legislature around the house cham
bers and nail it to the walls.”
o
HM HAD HOPE
“Do you, Stacks, think that a
rich man can go through the eye
of a needle?”
“I don’t know. I will, however,
admit that my lawyers have drag
ged me through some very small
loopholes.”
More Truth Thau Poetry
SHIP’S CAPTAIN,
ALONE, BATTLES
CREW IN MUTINY
NORFOLK, Va„ Dec. 14 (API-
Armed coast guardsmen on the
cutter Modoc, which carries two
five inch guns, tomorrow morning
will remove Captain W. A. Albert,
master, and the mutinous crew of
the four masted schooner Charles
A. Dean, ashore on Frying Pan
shoals, off the North Carolina
coast whether they want to leave
the ship or not.
These were the orders issued to
night by division coast guard head
quarters here to the crew of the
cutter Modoc which left Wilming
ton late today for the scene.
Coast guardsmen from the Oak
Island station on the North Car
olina coast today found the crew
of the schooner in a state of mu
tiny when they came to her aid.
They were not permitted to board
her.
Both Captain Albert, well known
ship master of Boston, who was
described as facing the crew single
handed with a gun behind a bar
ricade in the stern of the ship, and
members of the crew were said to
have ordered the coast guardsman
to keep away from the vessel. The
crew also were reported by the
guardsmen to have been armed out
the cause of the disturbance on the
ship has -not been ascertained.
Reports to division headquarters,
lacking confirmation said a de
mented man was aboard the
schooner in irons.
Coast guard officials were of the
opinion that the schooner was driv
en ashore because Captain Albert
was busy defending his life and
was not able to steer the vessel
properly during a strong easterly
wind.
N.A.T.C. WINTER TERM
FLAGSTAFF, Dec. 14. Grady
Gammage, president of the North
ern Arizona Teachers College, an
nounced today that the winter
quarter will begin on January 3.
Students entering at this time
and taking work through the sum
mer quarter will be able to com
plete a year work at the college,
it was said.
You’ll find you haven’t forgotten
how to laugh when you see “Adam
and Eva,” senior class play, Wash
ington auditorium, December 21st.
Sia^ETlNGS~ftg
' Christmas Cheep
' ■ Co "Y&u Everyone
IT’S TOO LATE NOW!
TO ORDER
ENGRAVED GREETING
CARDS
The time necessary for copper plate engraving
makes it impossible now for us to guarantee de
livery on engraved cards —
BUT-
We have a remarkably attractive line of
- CARDS FOR
PRINTING OR EMBOSSING
Prices are reasonable—the effect pleasing. Be
sure to order soon, to assure delivery.
JOB PRINTING DEPARTMENT
Winslow Daily Mail
Santa Fe Starts
Relaying o$ Steel
Rails At Prescott
PRESCOTT. Dec. 14—Work of
relaying new 90-pound steel rails
between Prescott and Skull Valley
has begun with several gangs of
trackmen, 60 in number, unloading
flat cars in Prescott and along the
right-of-way to Skull Valley, it
was announced this morning by
Santa Fe officials.
Old rails between here and Skull
Valley are considerably worn, it is
said, and the railway engineers de
cided to lay new rails during the
winter months in preparation for
the big fruit and produce move
ment north next summer from the
Salt River valley.
It is expected that the relaying
of the rails will not be completed
for a month and a half. The order
from the Santa Fe calls for a total
of 90 cars of rails from the Colo
rado Fuel and Iron company of
Pueblo, Colorado, a Rockerfeller
subsidiary, for the new track to
Skull Valley, 75 of them having al
ready arrived.
The Prescott-Skull Valley sec
tion was reballasted about a year
ago with volcanic cinders from the
Ash Fork district, and for that
reason very few new cross-ties will
be replaced.
Arizona Will Get
Totai Os $40,947
From Forest Funds
ALBUQUERQUE, N. M.„ Dec. 13.
—The state’s share of the national
forest receipts for the fiscal year
ending June .30, has been appor
tioned. From these funds Arizona
will receive $40,947, according to
Albert Morris, district fiscal agent.
The state’s share of the net for
est receipts, according to Mr. Mor
ris, is provided under the various
acts oi congress. Twenty-five per
cent of the net receipts go direct
ly to the counties within which
the forests are located, for school
and road projects, the amount
allotted for each purpose to be de
termined by the state. The 10 per
cent fund, included in th? above
amount, is credited to the forest
service for the construction of
minor roads and trails within the
The funniest thing you ever saw
—“Adam and Eva,” presented by
the senior class of Winslow •High
School, December 21st, S:00 p. m.
RATON POLICE
CHIEF SLAYER
GETS SO YEARS
RATON, N. M„ Doc. 14 (AP)
Newton Brigance, youthful slayer
of Police Chief Oscar Davis of Ra
ton, pleaded guilty to second de
gree murder in district court here
today. He was sentenced to from
90 to 99 years in the penitentiary
by Judge Brice, of Roswell.
The plea came as a surprise as
defense counsel had announced that
they intended to file a motion for
a change of venue.
national forests of the state.
The amount apportioned to Ari
zona from the net receipts this
past fiscal year, is much less than
in previous years, due to the waiv
ing of the grazing fees. The
amount of forest receipts appor
tioned in 1924, which was about
the average, amounted to $175,000.
JUMP
the first few days of
it's existence, consist- jgp' ,
ent and judicial use of jw
simple remedies, will W
often “kill” immediately a cold that might ulti
mately become serious. We have a complete
stock of various home remedies, simple, harm
less and effective.
Central Drug: Co.
Films developed and printed
1
IF WE KNEW A BETTER
WORD WE WOULD
USE IT—
Ur say that, licoansi wr do not like (lie word “Senior.”
If is ;i Hindi overworked word, yet In our business it is 1 lie
only word that will apply.
Truly, ours is n business of senior; as wr serve (or help
you prosper) wr* profit.
Certainly* then, we shall continue to make “Service” our bus.
iness.
U. S. DEPOSITORY FOR
POSTAL SAYINGS
Money Loaned on Any Good Security
OFFICERS;— R. C. KAUFMAN, President; GEO. HAMMOND,
Vice-President; G. T. STEVENS, Cashier
DIRECTORS;— R. C. KAUFMAN, GEO. HAMMOND, G. T. STEV
ENS, L. O. HOHN, E. H. FRENCH
PAGE FIVE
By Taylor
WE THANK YOU
(Continued from Page )
JANES lUANCONI
I'ay’ii Takif Manager m
‘The new Daily Mail should find
a ready welcome in northern Ariz
ona. which has gone without a
daily long enough.”
THOMAS 11. NCR RAY
Santa Fe Official
Thomas H. Murray, traveling
freight and passenger agent <tf the
Santa Fe, who was in Wistow yes
terday, paid a visit to the Daily
Mail office for the purpose of com
plimenting- the publishers on, the
new daily. Mr. Murray said:
“Winslow should be proud to have
a live daily paper, and for a city
of this size T will say that The
Daily Mail compares with the
best.”
Winslow High School’s senior
class present their annual play,
“Adam and Eva,” Washington .au
ditorium, December 21st., at. ( 8:00
p. m.