Newspaper Page Text
THURSDAY, DECEMBER 16, 1926
FINANCIAL NEWS Rails Issues Are _ Strong As Baldwin Declines Slightly '• NEW YORK, Dec. 15 (AP)— Heavy selling for both accounts in recent speculative leaders, coinci dent with a resumption of pool op erations in a number of standard ‘industrials and specialties', impart ed considerable irregularity to prices in today’s stock market. Trading was again on a large scale with orders spread over a broad list, including an expansion in public participation. The principal news develop ments of the day were favorable. Call money dropped from 5 to 4 1-2 per cent as funds began to flow back here from the interior, and time money was again on a flat 4 5-8 per cent basis. The Bos ton Federal Reserve bank rate was announced as unchanged at 4 per' cent. Directors of the Baltimore and Ohio railroad declared an ex tra dividend of fifty cent but made no change in the regular $6 an nual rate. The weekly trade re views reported little change in op erations. Baldwin Drops Slightly Such selling as occurred was re garded as a natural development after several days of steadily rising prices. Baldwin, after establish ing a new high record for all time at IGS 3-4, sold down to 162 7-S for a small fractional loss on the day. General Motors, Chrys ler, Hudson, Willys Overland, and U. S. Rubber, which previously had ~been active on the up-side, also closed at small net recessions. Rails, as a group, showed a stronger undertone than the indus trials. Special strength of the Erie preferred issues, each of which advanced over 3 points to the highest price in ten years, was based on unconfirmed reports that dividends on the first preferred would. be resumed at the rate of $4 annually at a meeting of the directors on Friday. Baltimore and Ohio closed a point higher at 10S 1-2. Deleware and Hudson and St. Louis south western each advanced over'"? points and New York Central, Atchison, “Nickel Plate” and a few others advanced a point or so. Steel on Up Swing U. S. Steel common crossed 155 to a new high on the current up swing and then slid back to 154 . 5-8, up 1 3-8 on the day and five points below the record top estab lished earlier in the year. Allied Chemical was bid up over 3 points to 142 7-8 but lost nearly half its gain, with buying presumably in fluenced by unconfirmed reports of v. stock split-up at the next meet ing of directors. American Suma tra Tobacco was bid up to a new high on reports that a New York banking group had acquired con trol. Oils moved upward under the leadership of Atlantic refining, which scored an extreme advance of six points at 117 in anticipation -of an early resumption of dividends The Pan-American issues, Inde pendent Oil and Gas and Mid-Con ‘tinent Petroleum also recorded substantial gains. Superior Oil touched a new high on reports of increased produc tion due to discovery of oil on its Seminole property. - The principal commodity mar kets was stronger. Active wheat OUT OUR WAY By Williams ~ / TQVMA SMEAK' AVNAW FPOM\ - t jj— > / ME~P\oH ? T-MkiK VOu'RE KiMD \ AL*, 1 OF A SMART FELLEP , DOMTCHA> \ —^V_n mßfeV RF-V ? vnhoT \F Them Fellef?s LX j H -V~~ uo a PuT 'AT Pole Dowm im | i % -TOPPA MA ? MICE LOOKiM' K SQosvaeo uP Mess ID A BEEM —n 11 SAP? Afcßj • w MgS \ TAHim’HOME WMA ! VvlHO 1 \~£^3S&. J/% nn \e,\TS IH'BLAME FER WOO? AH'TITI 1 iff oT .-, • ~ aIA f wT,n< ; • ,v .. Wheat On Upturn As Buyers Ignore Reports Os Surplus • CHICAGO, Dec. 15 (AP)—Vigo rous upturns in wheat values to day resulted from more attention being given to domestic conditions* and less to reiterating reports of world surplus stocks. Closing quotations on wheat were firm, 1 1-8 to 15-8 c net high er with corn half to 3-4 c up, oats showing 3-8 to 1 l-8c advance, and provisions at gains of five to 7c. At first the wheat market here had a downward slant induced by lower quotations at Liverpool, but the fact soon became apparent that sellers had over reached them selves. Speculators Are Active Active speculative buying quick ly developed, and prices went climbing throughout the remaind er of the day. Most of the buy ing appeared to be based on small ness of Chicago wheat stocks and on falling-off in the domestic crop movement. To some extent, low temperatures over the United States winter crop region were j also accounted a stimulating in fluence. Friends of higher prices for wheat Pointed out that domestic primary receipts have of late been averaging only about half as much in volume as a year ago, notwith standing that the United States raised a small crop last year and a large crop this year. Extra Fine Wheat It was also asserted that United States wheat this season has been of extra fine quality for milling and has gone into consumer use at a more rapid pace than as in general supposed. Under such circumstances, it is contended, that Chicago is unlike ly at present to attract wheat from cities. Corn went up in value with wheat, but lagged a little on ac count of possibility of larger corn markets. Country advices indicaed that oats were scarce and the crop quality low. ■Provisions were responsible to higher prices on hogs and to more liberal shipping sales of lard. —o —* ( LIBERTY BONDS”] NEW YORK, Dec, 15 (AP)— Lib erty bonds closed: 3%s 100.23 Second 4s 100.10 First 4%s' 102.26 Second 4!£s _ 100.30 Third 4Vis 101.12 Fourth 4Vis 103.70 U. S. Government 4Vis 109.30 futures advanced 1 to 1 l-2c a bushel in reflection of the firm domestic position. Cotton closed 22 to 26 points higher on reports ol colder weather. Raw sugar was unchanged, and coffee prices held fairly steady. The foreign exchange market was firm, with demand sterling quoted, around $4.84 13-16 and French francs just below 4 cents. See “Adam and Eva,” senior class play, Washington auditorium, De cember 21st. You’ll like it. i- n Patagonia—Blasting at Big Jim mine revealed 30 inches ore cut, assaying 52 ounces silver and 51 percent lead per ton. |M 0 M ’N POP HAVE Y OO GOT \f MO BUT L XMQYJ PLENTY'N ( SEUHVe MS,I'M GOING \/ VJ ACQUAINTep ABOOY THEM-FROM. To WATCH WHAT I SAY_ I TELLING, YOU \S’ T. YTeS /7t ( A WOMAN YOU SAY Sh£ ) -WITH OUR NEW A YIHAT 1 HEAP SHE'S "WHEN SHE'S AROUND - ' J- \ ABOUT \ TrtA J ? SHE WALKED RlfiHT BY s' U. b U )S,ycu OUQKT To BE J NEIGHBORS /> NOTH IMG Bur AN OLD DON'T Want HER TO GET/ \ • \ OUR HOUSE AND DIPN T EVEN U 's. G LAD OH IT -J TGT MOM? / GOSSIP-JUST CARRIES ME IN ANY TROUBLE S nnTLf \ STOP INTO GET ACQUAINTED =* 45% 11 " V J/ \ TALES FROM ONE HOUSE ' / W?. - JsMB 1 V 0> j J 61926 BY NEA SERVICE. INC. J Kansas City Live Stock KANSAS CITY, Dec. 15.—Cattle 8.000; calves 1,000; desirable short fed steers of quality to sell about $9.00, dull to 15 cents higher; sev eral loads light weights $lO.lO to $10.50; medium quality offerings steady; bulk short feeds $7.15 to S9.SO; good medium weight 9.865; other killing classes scarce; fair ly steady ; 'top ’ veals $ll.OO ; stockers and feeders steady; hogs 8.500, mostly 10 to 25 cents higher, top $11,50 bulk of sales $11.15 to $11.54; light lights mostly $11.20 to $11.35; packing sows SIO.OO to $10.50; stock pigs scarce, steady, mostly $10.50 to $11.50; sheep 3,000 lambs 10 to 15 cents higher; top $12.60; ethers mostly $12.00 to $12.50; sheep steady; best ewes of fered $6.00. —7 O New York Cotton "] NEW YORK, Dec. 15.(AP)—The general cotton market closed firm today at net advances of 22 to 26 points. o ( METAL MARKET j NEW YORK, Dec. 15 (AP>—Cop per quiet; electrolytic spot and futures 13%. Lead easy, spot 780. Zinc easier; East St. Louis spot and futures 700 a 705. LEGAL ADVERTISING NOTICE TO CREDITORS Estate of Mrs. Simmie P. Davis, deceased. Notice is hereby given by the undersigned Gertrude Davis, administratrix of the estate of Mrs. Simmie P. Davis, deceased, to the creditors of and all persons hav ing claims against the said deceas ed, to exhibit them, with the nec essary vouchers, within ten months after the first publication of this notice to the said creditors at the law office of J. L. Sweeney, 123 West Second street, Winslow, Navajo County, Arizona, the same being the place for the transac tion of the business of said estate, in said County of NaVajo, State of Arizona. MISS GERTRUDE DAVIS, Administratrix of the Estate of said deceased. Dated at Holbrook, Arizona, this 11th day of December, 1926. Dec-16-23-30-Jan-6 V DAILY MAIL want ad will rent that spare room for yon WINSLOW DAILY MAIL 8 Billion Wealth Along The Santa Fe Announced LOS ANGELES, Dec. 15—More than eight billion dollars repre sent the wealth from farm, ranch, mine and forest garnered from the twelve states traversed by the Santa Fe system during 1926, ac cording to announcement by J. F. Jarrell, agricultural development manager, Topeka. California is second in the list, and is only exceeded by Texas. The agricultural, mineral and lumber output of California for 1926 reached the staggering total of $1,170,000, represented by $460,- 000,000 in fruits and agricultural products; $200,000,000 in livestock; mineral output worth $450,000,000, and $60,000,000 in lumber. Texas produced $1,411,000,000 in wealth this year. Dairy and poultry were includ ed under the livestock classifica tion, while oil and gas are given in the mineral column. The live stock represented the sales and not the stock left on the farm or range; also the lumber totals do not include the Umber left stand ing in the forest. “The year 1926,” says Manager Jarrell, “has brought to the peo ple of the Southwest a fair meas ure of prosperity, as indicated by the table. Rails of the Santa Fe serve the twelve states named. From a third to half of the coun try’s foodstuff for the year, includ ing 5 per cent of the winter wheat, was produced in these states. Cal ifornia and Louisiana take credit for having produced 80 per cent of the rice; California alone practi cally all the lemons and 64 per cent of the oranges, and 95 per cent of the grapes. The twelve Santa Fe states have produced this year half of the nation’s crop of corn, half the peaches and pears; half the oats, more than one-third of the barley and a fourth of all the potatoes. Texas produced nearly a third of all the cotton, while Oklahoma, Kansas and Colorado produced all the broom corn.” The twelve states and their to tal crop values are as follows: Texas $1,411,000,000.00 California 1,170,000,000.00 Illinois 1,076,000.000.00 Oklahoma 1,029,000,000.00 Missouri 810,000,000.00 lowa 800,000,000.00 Kansas 660,300,000.00 Nebraska 465,140,000.00 Louisiana 355,000,000.00 Colorado 276,900,000,00 Arizona 181,000,000.00 in my NEW LOCATION 110 Kinsley Avenue Next tn City FJecfnV Shoe Shop 0 COAL, WOOD, HAY, GRAIN PROMPT TRANSFER SERVICE o DAZE TRANSFER COMPANY PHONE 170-A Nothing to Be Peeved About New Mexico 107,000,000.00 GRAND TOTAL $8,341,940,000.00 Compared with 1925 this is a gain of $471,940,000.00. Fresh Emit Haul Down to Science With fresh fruits and vegetables becoming more generally consum ed in homes, hotels and restaur ants, President W. B. Storey, of the Santa Fe Railway devotes his monthly Bulletin for December to some of the interesting phases of refrigerator transportation, and tells how the proposition has been reduced to a science that has re sulted in the saving of millions to growers and shippers of these pro ducts grown in California, New Mexico and Arizona particularly. The average haul on the Santa Fe lines of citrus fruits is 1,500 miles; other fresh fruits 1,700 miles; fresh vegetables other than potatoes, 1,300 miles. Many of these shipments move hundreds of miles further over other lines to final destination, says the presi dent. “Such service,” reads the Bulle tin, “also includes expedited train service heavily insulated and cost- Jy refrigerator cars, icing facilities and an organization specializing in the transportation of such perish able freight. “The Santa Fe was the pioneer in California and the states it serves in using refrigerator cars for handling fresh fruits and vege tables,' such cars being first used in the movement of oranges and other fresh fruits from California. Prior to the entry of the Santa Fe into California in 1885 fresh fruits were handled in ventilated box cars. As a result of this com pany’s pioneering, refrigerator equipment for handling of fresh fruits and vegetables has become general. “In 1925 the Santa Fe handled under refrigeration 20,562 cars of citrus fruits; 46,475 carloads of other fresh fruits; 14,381 carloads of fresh vegetables; 14,010 car loads of potatoes in addition; 19,- 404 carloads of dressed poultry, fresh meats, eggs, butter and cheese.” It is further stated that the av erage load of perishable freight, handled by the Santa Fe in 1925 was about 13.56 tons —only 12 per cent of the car’s capacity, while the average load of other freight is about 75 per cent of the car’s cap acity. The Santa Fe has invested more than $4,250,000 in ice plants to insure adequate supply for pro per refrigeration and protection of the commodities. In 1925 the company used for this purpose alone over 700,000 tons of ice. Winslow High School’s senior class present their annual play, “Adam and Eva,” Washington au ditorium, December 21st, at 8:00 p. m. STATE COLONY PLAN DEVELOPS >r£. y : : PHOENIX;, Dec. 15.—Further de velopment of a state colonization and advertising movement, to he carried on in closest conjunction with chamber ofeommerce and oth er community' bodies of the state will be the principal efforts of the Arizona Industrial Congress dur ing 1927, according to the program for the new outlined by directors of that organization at their meet ing here Saturday. With the colonization and ad vertising program, the “Trade at Home,” “Use Arizona Products” and “See Arizona” movements will be continued and intensified, the directors voted, while co-operation with farm organizations, trade as sociation and civic and commer cial bodies in general agricultural and industrial development will be made still closer. In recognition that the success of the Industrial Congress is due mainly to the support given it by the local organizations for which it serves as a central house, the directors voted a unanimous reso lution of thanks to the chamber of commerce throughout the state for their whole-hearted co-opera tion with it, and instructed the operating staff to return the co operation in every possible way. Extension of the field service and national publicity servic'd 'Of the congress also was authorized. Plans for the annual convention were deferred until the dates of the conventions of members, organiza tions usually held here about the same time may be known, but it was decided to make the conven tion more a other associations, probably in the form of a gigantic PiUifCkrfetma* fclife 1 , Your Home Should —Certainly Come FIRST With the advent of the holiday season, hostesses are planning; a season of great hospitality in homes that are as beautiful as pos sible. Our furnishings are of great value in creating homes, which you will be proud to show to your guests. We invite you to view our displays—filled with products of master craftsmen of this country and from abroad. If there is one accomplishment that we are" proud of, it is the part that we have played in making : better homes and in bringing quality furniture to the city. Our prices command the attention of every home-maker. Listed here are but a few of the many gift suggestions which will make your home better and more comfortable. ; ■i ) Y.T'V g&jjf Gift Suggestions ' I- Secretary Desk Charming' New Lamps Living Room Suites Cedar Chests Bedroom Suites Rate Lets' Tables I "[.)..~ ' Coxwell Chairs Magazine Racks Telephone Stands Writing Desks. gjj sC? f *f' Smoking Cabinets Easy Chairs Ci'iiirs Mi„a S AT- t>**rs T Special Xmas Terms o P" ! 116 Kinsley Avenue V. H. DRIVER Phone 500 Our repair department has been reopened and we are now prepared to do anv k*pd of biviitiDT reppivin? «rivlr»r , ‘ pevvi^ | Negro Under Guard In Slaying of Girl MEDIA, Penna., Dec. 15 (AP) — Rumors that an attempt would be made to lynch Ollie Strickland, 25-year-old negro and confessed slayer of Miss Emily Collins, caus ed the authorities tonight to throw a cordon ol' police around the Del aware county jail, where the ne gro is held without bail for trial. Authorities said they place no cre dence in the rumors but “are not taking any chances.” Miss Collins, 18, was slain when she refused to hand over to Strick land some packages containing Christmas gifts she had purchased for her invalid father. o LIFE The past has left behind us, Years of strife and pain, But there still remains to us Future and what it may contain. Memories bright; Memories sor rowful, Golden dreams that pass away; Then there comes the grand awakening. Where we view the glorious day. For we all must make that, jour ney, And as the sunset of Life draws near We know God’s glorious pres ence beciU. withuHs'ever here, in,i > —Bv Nellie Charles. I j entertainment similar to the “Pros perity Celebration” held at the Shrine autditorium last January. More than twenty directors and representatives of practically every industry and every section of the state attended the meeting. PAGE FIVE By Taylor) Arizona Livestock Situation Better Expert Declares That conditions of the livestock industry in Arizona, New Mexico and Texas are greatly improved over last year is the opinion of T. H. Ramsay of . Red Bluff, Cali fornia, president and general man ager of the Pacilic Agricultural Credit Corporation, who recently completed a trip througli the I southwest. The six years droughtli has been broken with ample rainfall and feed is good, Ramsay declared af ter visiting cattle ranges in the Willcox, Globe and Phoenix sec tions of Arizona, Silver City ad Roswell, New Mexico and El Paso, Alpine and Marfa, Texas. “While it is true that there has been a good deal of liquidation and cattlemen have been forced out of business,” Ramsay states, “those cattlemen who have survived are optimistic and are having less trou ble financing themselves. The idea that Arizona, New Mexico and Tex as cattle are inferior stock is er roneous and has resulted from the sale of old Mexico cattle as Ari zonas. , “Thousands of head of cattle which I saw in the three states vis ited cannot be excelled anywhere,” Ramsay declared. nnt.P .whUtiQiß to. .being the head I of the credit corportion, Ramsay | is past president of the California ! Cattlemen’s Co-operative Marketing Association, which is operating in the five western states of New Mex ico, Arizona, Nevada, California and Oregon. This organization, ac cording to Ramsay, has done much to improve the cattle situation and the membership in New Mexico and Arizona is particularly strong.