Newspaper Page Text
‘SUNDAY, DUCrUBKT! If), »26
|MOM’N POP /f XOW - NNHA.T P< sCz&T~STORm C T'll SELL ' T ’ H * T ' S QgHaJTU F C *“~JSAID THIS VJftS A SOUP P?\ f/T ,"\ ( 1 DON'T- IT'S \ '/% AND WO SHELTER AROUND! JMSfj YOUDIS )| 5 q?a? c HANDuE BUT IT'S NOTHING BOT </ ( J ) STOPPED SLEET(M6 V ■ ■fell'm 3 ' _|j 1 • V, 1 * ",’ ", ' ■ ©I92S BY NEA SERVICE. IWC. FINANCIAL NEWS NEW YORK, Dec:. 18 (AP)—Al though speculative enthuasiasm be gan to wane in the stock market today after yesterday’s excited trading, prices successfully with stood an onslaught of realizing sales, with both the railroad and industrial averages working up to the highest levels in many years. Profit takking in U. S. Steel and other leading industrials, however, gave an irregular aspect to the day’s dealings. Total sales for the two hours exeveeded a million shares. As steel common sagged under the weight of heavy selling move ment Atchison railway quickly as sumed the leadership of the mar ket, soaring more than five points to a new high record at 169 7-8. Buying of this stock was based on the growing conviction that the road soon would follow example of the U. S. Steel corporation in capitalizing a part of it’s huge surplus for the benefit of com mon shoreholders. Steel FI net at ion Seen Offering stiff resistance to the inevitable wave of profit taking invited by its rise to a new high record, U. S. Steel fluctuated for a time around it’s previous closing price of 159 1-2, later falling more .than a point to 158 8-8 and re bounding at the close to 159 1-8, i epresenting a fractional decline tor the day. Allied Chemical, American Smelting and other pro minent shares followed the down ward trend of steel. I msfptfWPbfy- gdnetdslty or the U. S. Steel dividends, reports of other forthcoming distributions gainejl circulation, playing a pro minent part in the buying of Amer ican Can, Baldwin, Air Reduction and Westighouse Airbrake. General .Motors resumed its advance with is. gain of 2 5-8 points and Federal Light and Traction preferred jump ed more than six points to a new high. Warner Pictures “A” and Fox Film made a rise in the amu sement shares. N. Y. Central Hits 147 New York Central, whose stock holders are expected to receive ad ditional benefits next year, ran a close race with Atchison. Selling as high as 147, it was within a haif point of the year’s top and it’s closing price of T 46 # 3-4 i epresentetd a gain of 4 1-4 points for the day. Reading, Rock Island, and Erie all reached new high ground for the year and New Or leans, Texas and Mexico, jumped OUT OUR WAY —l—ikM_i_ * ‘ I > Irr \ „ f r shot that t ; ; l% : DOOR '.!!!! h_: :Sid I** j Jll^, Eskimos and The. vAorfon&T- „ ®l»28 BY INC. 11 1 -V 7 3-4 points on a single sale. Trading in the foreign exchange maiket was quiet today with the French franc still holding firm just below four cents. Demand sterling was slightly easier at $4.48 11-16, while Italian lire show ed slight improvement at 4.47 cent. The other continental rate show ed only moderate changes. 4* 4* 4* 4* 4* 4* 4 , 4 , 4 , 4*4*4 , 4 , 4'4* * Chicago Grain * 4* »> 4* 4* 4* 4* 4* 4* 4* 4* 4* 4* 4* 4* 4* CHICAGO, Dec. 18 (AP)—Wheat prices tightened up today owing more or less to buying to make accounts even for the United States government crop report expected on Monday. Closing quotations on wheat were firm, half cent to one cent net higher, with corn at quar ter cent decline to quarter cent advance, oats 3-8 to 3-4 cents up, and provisions varying from 10 cent setback to a rise of five cents. Active purchasing on the part of previous sellers became a feat ure toward the last in all the grain pits today, hut especially so in wheat. Aside from a desire to he pre pared for any surprise in the gov ernment report, .buying of wheat was promoted through a forecast that world shipments for the week would turn out to he much smaller than of late. An advance in ocean freight rates from Argentine counted as a bullish factor as ap pearing likely to impede liberal 'shipments out' of‘that country to Europe. Assertions were also current that wheat bought now in Argen tina would not.reach Euippe until the beginning of March and that in the meantime European supplies would mostly have to be obtained from North America. Scantiness of primary domestic receipts, how r ever, continued, the total this week including today being only 4,886,- 000 bushels as against 8,502,000 Jnshels a year ago. Export busi ness in North America wheat to day was estimated at 700,000 bushels, chiefly Canadian. Corn and oats sympathized with wheat strength. Country offer ings of corn were not large, al though the movement of new corn is increasing. Miscellaneous selling weakened the provision market despite firm ness in hog values. o • Yuma—Alamo school rebuilt. When You Need One—Well *4-4*4*4*4 > 4*4*4 > 4'4 , 4*«!>4*4 > * New York Cotton * 4»4»4 , 4*4*4*4 , 4**>4*4 , 4 , 4 , *1’4 < NEW YORK, Dec., 18 (AP) The general cotton market closed Steady today at net advances of 3 to 17 points. Q •|.4 , 4<4*4*4*4-4*4 , 4 , 4*4*4*4 , 4* * Metal Market t 4»4 , 4 , 4 , 4*4 , 4 , 4 , 4 , 4 , 4 , 4 , 4 , 4 , 4* NEW YORK, Dec. 18 (AP) —Bar silver, 53 3-8. ■ o —■ 4 , 4*4*4'4 , 4 , 4 , 4 , 4*4‘4 , 4 , 4 , 4*4* * Liberty Bonds * 44444*4 ,, 1 ,, ! ,, 1 , 4'Ft4 ,, l l 4 LIBERTY BONDS .... FINANCIAL NEW YORK, Dec. 18 (AP) Liberty Bonds closed: 8 1-28 101 Frist 4 l-4s 102.28 Second 4 l-4s 100.31 Third 4 l-4s 101.13 Fourth 4 l-4s 103.90 U. S. Govt.. 4 1-4 s 109.28 : Kansas city : I LIVESTOCK : 1* 4* 4* 4* 4* 4* 4* 4* v 4> 4* v ❖ 4* KANSAS CITY, Dec. 18 (AP)— Receipts cattle 160. Compared w"ith a week ago. Steers and yearlings were 25 to 50 cents lower. Top mixed yearlings early in week 7.25. Medium weight steers 10.10. Heav ies 9.50. Butcher cows and all cut ters 15 to 25 cts higher. Heifers shared decline on yearlings. Bulls strong to 2.5 cts higher. Better grades vealers and calves strong. Others weak. Veal top 11.00. Stockers and feeders 10 to 15 cts higher. Hogs—receipts 1,500. Mostly steady. Top 11.50 paid for short load of 315 pound averages. Ship pers not in bulk of sales 11.25 to 11.45. Desirable 170 pounds up 11.25 to 1145. Light lights dull and weak to 25cts lower Packing shows 10.00 to 1035. Sheep none. For week lambs w r ere weak 25 to 40 cts lower, with closing values at years low point. Top 12.60, closing top 12.15. Bulk 11.50 to 12.50. Sheep steady to weak. Best Ewes 6.25, others 5.50 to 6.00. Few ethers 7.60 to 7.75. o Miami lnspiration Consolida ted Copper company ships car load cathode copper, weighing 100,000 pounds, from its new leaching plant to Perth Amboy, N. J., refineries. By Williams WINSLOW DAILY MAIL ADVANCE PUTS ALL ISSUES AT RECORD PEAKS NEW YORK, Dec. 18 (AP) A spectacular buying movement, which rivaled in breadth and vol ume some of the greatest “hull” markets in stock exchange his tory, was set in motion this week by the proposal of the United States Steel Corporation to reward its stocjtohlders with a 40 per cent stock dividend, worth more than $200,000,000. At the close of the week, after a readjustment from the first sen sational advance, the average price of selected industrial stocks was at the highest level ever recorded and the railroad averages reached a market unequalled since 1913. The two outstanding individual performances of the week were given by United States Steel ami Atchison railway. The former es tablished a new record price of 1601-2 on a turnover which ex ceeded 600,000 shares the day fol lowing the announcement of the corporation’s “melon cutting.” Atchison, which is expected to make a similar distribution to stockholders next year, soared more than 10 points during the week to the best price in its his tory at 169 7-8 Stocks of many other large corporations in a posi tion to make more liberal dis bursements were bouyant. Foreign exchange trading „\va£ featured by a rise in the French franc to the year’s peak price above four cents on reports that stabilization measures would be taken next year with the aid of an American loan. Commodity markets were unus ually quiet. Wheat futures fluct uated within a one-cent range, and cotton scored a moderate recov ery. Autoist Hits Cow; Wins SIBB Damages PORTLAND, Maine, Dec. 18 (AP) —An automobile owner, whose machine killed a cow, today won an award of SIBB for damages to his machine. The cow had wan dered on to the highway blind folded. The suit was brought by Wil liam T. Tucker of Standish, against Edward 0. Brown, of Vassalboro, owner of the cow. He asked for SSOO damages. o Use Winslow Daily Mail classi fied Want Advertisements for the best posible results—every day. TO EVERYBODY— EVERYWHERE— ENJOY CHRISTMAS WITH a MIN DFREE FROM ALL WORRY INSURANCE protects your home, your family, your health, your car—even your life— and costs but a few cents a day. “All the Time is Insurance Time, But When You Buy Insurance, Buy the BEST.” FIRST NATIONAL INSURANCE AGENCY R. C. KAUFMAN, Mgr. City Plans 45 New Street Lights With Lower Power Rates Winslow should have approxi mately forty-five new street lights within a short time, according to an agreement made some months ago by the city council and the Arizona Electric Power Company. According to the terms of trie agreement, the city planned to put in the lights as soon-as the rate on current for each light had been reduced from its old price of $4.00 per month per light to $3.00. . News of the approval of the $3.00 rate by the Corporation Commis sion was made public yesterday. There are at present 95 street lights in commission in the city of Winslow. The agreement., entered into in June, calls for 140 street lights, but as far as c ould be learned last night, no stipulation was made as to the exact time when the new lights would be put in use. The new contract is to run for two years, and its provisions mean that many parts of Winslow that have been dark will receive street light service. It is expected that the approval of the new rate will cause con struction on the new lights to start immediately. Bank Os Winslow Officials Indicted (Continued from Page 1) from Phoenix and had been in Holbrook during the time the grand jury was in session. He ar rived in Winslow last night. Located at his hotel Mr. Dod son would have taut little to say with reference to the indictments hut promised to have a statement to make as soon as the full list of indictments was made public. He intimated that his statement would cover thoroughly his find ings in connection with the bank’s affairs as he found them through his year as receiver. Dodson Promises Statement Mr. Dodson was reticent about making a statement, when asked by a Daily Mail reporter what he thought of the indictments and said he did not care to make a statement about the conditions of the bank until the grand jury re port had been made public. “Within the near future, how ever,” Dodson said, “When the com plete findings of the grand jury are made public, I promise to give a statement to the public. I be lieve I know as well as anyone, intimately the affairs of the Bank of Winslow, and was called to Hol brook to testify before the grand jury, but for some reason I was By Taylor | Ormiston To Take Trip Pending Trial (Continued from Page 1) Ormiston total officers he would like to spend Christmas with liis | parent in San Francisco and prob ably will drive his now famous ; coupe automobile there. The auto mobile was seized recently in an | Oakland »garage where it had been abandoned last June and was brou ght to Los Angeles by representa tives of the district attorneys of fice. Harold Davis, chief deputy dis trict attorney in charge of the of fice in the absence of District At torney Asa Keyes, told the radio man that he can have his auto- i mobile back as soon as he engages an attorney to make the necessary legal arrangements. Photographs of the automobile have been made j and the contents of it’s rear com partment, including a portable typewriter, part of a radio set and an overcoat, as well as a pair of goggles also found in the car, will be retained by the authorities, j Ormiston promised to produce j the automobile whenever demand ed by the district attorney. Frank Smith, Still Silent, Goes Home CHICAGO, Dec. 18 <AP)—CoL lonel Frank L. Smith, senator-des ignate from Illinois, to succeed the late Senator W. R. McKinley-, left Chicago tonight for his home at Dwight, after two days of shop ping and conferences without mak ing any clearer his status in re spect to his unaccepted appoint ment. He indicated a desire to receive his signed appointment before mak ing any statement and expected to find it on his desk when he got home. The belief grew among his friends that in view of the form idable opposition in the senate to his seating, he may not say defi nitely in the near future whether he will accept, the appointment of fered to him several days ago by Governor Len Small. He may not even go to Washington to present his credentials, friends believe, un til he goes next March to begin the term to which he was elected in f November. not called hut was excused at the eleventh hour.” The former chief examiner will leave this morning for Los Ange les on a business trip expecting to return to Phoenix the first of the year when he said he would make a statement. The Bank of Winslow closed its doors on October 4, 1924 and Dod son was in charge until Novem ber 1925. During the recent automobile show in Berlin this new type of armored par carrying' a radio broadcasting fit 1 tlon was exhibited. “MAIL” Want Ads Bring Results Classified Advertisements Read Them for Profit— Use Them for Results— Copy: Must be in Mail office not Rates: 2c per word for each in- later than 8:00 p. m. each day sertion; minimum charge 25c to insure publication the fol per insertion. ‘ lowing morning. FDR SALE FOR RENT FOR SALE—SI3S cash takes powerful BIG SIX STUDEBAKER seven passenger closed car lots of accessories fair tires and in per fect running condition. Will dem onstrate. Apply REILY care MAIL or 219 West Elm Street, Winslow. FOR SALE—Edison phonograph, baby bed, and baby buggy, phone 377. 12-19-22. FOR SALE—Four lots on corner, Cheap for cash. Phone 135. ts. THAT WILL BE APPRECIATED CLASSIFIED FOR YOUR CONVENIENCE FOR HIM FOR HER Belt sets, sock and tie sets, and many other attractive combinations for men. Babbitt Brothers. A man Won’t drop ashes all over the floor if he is the possessor of one of our attractive smoking I stands. Standard Furniture Com pany. A watch is the aristocrat of ; men’s gifts. We have them at all prices. An attractive stick pin makes a man happy. Beautiful sets of hand-tooled leather, useful and handsome. E. H. Black . Give your friend who likes to hunt a case of his favorite shells, a gun, cleaning rod set, shell belt or gun case. Babbitt Brothers. Useful gilts are best. Why not a lumberjack, sweater, shirt or an order for a pair of Florsheim shoes. J. A. Greaves. My neckties are absolutely NOT the type in Christmas cartoons. Bill O’Hara. i I 1 Enlargements make excellent i Xmas Gilts. We have the kind that will please you. Carson Studio, “The Home of the Kodak," Flag staff, Arizona, Phone 62. FOK THE CHILDREN Guns for the boys breed manli ness and self-reliance. Babbitt Brothers. A full line of American-made toys. Bigger, stronger, brighter and more ingenious than toys of for eign manufacture. Murphy's. j Our dry goods department is full of useful things for children to wear. Babbitt Brothers. i Our hardware department offers many suggestions that will please ! healthy, athletic youngsters. Bab bitt Brothers. FOR THE HOME Gifts of beauty, of practical use and decorative value are here in plenty. The home deserves the best, and gifts for the home mean I much to all. We have innumer able articles that make excellent gifts for the home. Babbitt. Bros. Why not a Radiola for Christ i mas? Nothing means so much to so many. Arizona Electric Com pany. A Maytag Washer will make any I home happy. Babbitt Brothers. Treasured for all times, “The I Baby’s Photograph.” Carson’s 1 Studio, Flagstaff, Arizona. Phone 62 for appointments. PAGE FIVE FOR RENT—Clean, welt-heat ed, modern rooms, hot and cold water. Rent reasonable, by week or month. Phone 66 or call at Del Mar Hotel. , ts WANTED—TO RENT Four or five room modern fur nished house and garage, close in; or two room lower floor furnish ed apartment. Call Winslow Daily Mail office, phone 71. 51-ts-b Underthings, handkerchiefs, silk hosiery; a variety of dainty and attractive gifts. Babbitt Brothers. Candies are always welcome at Christmas time. See our line of boxed and bulk sweets. Palace of Sweets. Fancy Garters, chiffon hbse in all shades, under-garments of fin est crepe de chine and georgette. Scorse Fashion Shoppe. Why not a small heater to as sure quick, portable warmth in out of-the-way corners? Babbitt. Bros. Sport gloves of kid or suedetfce: novelty handkerchiefs, hand-paint ed and embroidered; hand bags of fine leather, tapestry and imported bead work, attractively priced. Scorse Fashion Shoppe. White gold, green gold or sterl ing silver vanities, decorated with dainty enameled designs. E. H. Black. Give something electrical this Christmas. Waffle irons, toasters, percolators, curling irons and oth er useful gifts. Arizona Electric company. Gift stationery, attractively box ed, with quill pen in each box, reasonably priced. E. H. Black. Three to twelve piece toilet sets of famous “Pyralin” in beautiful pastel shades. E. H. Black. Many attractive novelties are here. Perfumes, ornaments, fancy garters, gloves and other unusual and worth-while gifts. Babbitt Brothers. Pure silk hosiery in newest shades, most attractively priced. Also sport hose in bright plaids and stripes. J. A. Greaves. Handkerchiefs in widest variety, imported and domestic, embroid ered, hand-painted, in plain colors, white and combinations. Murphy’s. Reading lamps, table lamps and bed lamps are gifts that are al ways appreciated. Standard Fur niture company. Have your picture made for Christmas. Phone 62, A. W. Car son, “The Home of the Kodak,” Flagstaff, Arizona. fotTfriends Our several departments are all full of gifts which your friends will appreciate. Babbitt Brothers. Phone or write for appointment. Plenty of time to have your pic ture done before Christmas. Car son Studio, Flagstaff, Arizona, Phone 62. Pictures That Please, Carson Studio, Flagstaff, Arizona, Phone 62.