Arizona Republic from Phoenix, Arizona • Page 9

CITY 3LIC I I INUFFFNuFNT I VI Monday, November 4, 1946 Page 9 How's Business? rently with its famed "51" fountain pen, has spent In research, end many believe will eventually offer a hall-point model. seven months pen wei returned to the factory as insUt-able. "We leplncfd the old model with Ihe 'Inn' rmwlrl at a rott to us of Lamb d. "and Ball Point Pen Race Brings Numerous Suits Now Kvervharp and Elicihmd Fa her, who purchased Ihe Caiih-1 1 ejects now ie than rne- NEW YORK. Nov.

3 (AP) A slam-bang battle has broken out in the ball-point pen industry. tenth of the original number We are turning out pens at isle rf miy and if get bach 5Hi or Too pens that's a bad day." A spokesman for the Eversharp Company said Its tuin-backs were no more than a "normal thre per cent." Angered by a variety of compe Small Cities Seen Key To Real Wealth By R(HiCR BARsON EUREKA. Nov. 3 October is my month for traveling. The first half I s'ent viz: In New York, where due to the trucking strike I co-ildn't get a glass of -milk; in Boston, where due to its narrow streets I couldn't park a rar within two miles the place I wanted to visit: in dirty and windy Chicago, with its rumshops, vice ami foul entertainments; in titive grievances, manufacturers AZ'7 '31 3 '9 40 '4I ilP Composite, 20 iiULli Business Chart- -30 40 nenn anil Canadian hall-point rights at a reported are being sued by Reynold on charges of conspiracy to violate antitrust laws.

In a rounler-suit Eversharp and Faber are asking damages and assert that Reynolds ruined their "carefully prepared market" by hurrying allegedly defective products into circulation. In papers filed by Reynolds with are seeking millions in damages from each other, charging patent 30,000 ball-points daily, plus 30,000 regular fountains pens and 30,000 repeater pencils. The Fieldston Ball Point Pen Company of New York, makers of a middle-priced product featured by Mary's and distributed throughout the world, has a production capacity of between 3.500 and 4.500 daily, and doesn't intend to increase output. "The only expansion we are Interested in is quality, not quantity," Julius Aborn, Fieldston's president, commented. Perhaps a dozen other manufacturers are in the field, but most are small operators and some are "assembly" jobs.

They buy parts from other manufacturers and assemble pens under their own trademark. Eversharp estimates the nation will spend $120,000,000 in writing tools in the next 12 months. IT ALONE of the big three-Parker, Sheaffer, Eversharp currently manufactures ball-points. But Sheaffer will be on the market soon with a carefully prepared model. Parker, riding high cur infringements, anti trust viola lions, and attempts to "ruin care fully prepared markets" by rush The Dominican Republic's University of Doni'ngo was authorized bv Papal Bull in li.18 and was established bv the Dominican ing allegedly defective products pected to buy 16,000.000 next year, in four months Gimbel Brothers, New York, sold $1,230,000 worth of pens.

R. H. Macy and Company retails about 30,000 pens monthly, and expects to sell 125,000 in November. The Reynolds Pen Company, first on Ihe market with a ballpoint model, entered production with a working capital of $26,000. Twelve months later ihe company reported net profits after taxes of $2,500,000.

Reynolds president. Frank Lamb, told the Associated Press that the company's production totaled 75,000 ball-points daily, and would soon reach 100,000 daily. "WE HAVE ALREADY manufactured and delivered 5,000,000 pens this year and will deliver a federal commission, tiie Kcyn in 'Order of Predicadores. olds company teported that into circulation. Sitting on the sidelines, with pistols corked, are other manufacturers who expect, to enter the field soon with ball-point models 1 11 1 1 1 11 1 1 1 1 Kansas City, noted for its rot ten politics: and in St.

Louis, which KUNZ BROS. MESSINGER MIOMC 1-1717 rntMi KN(i INKERS AND MACHINISTS aprrlallra an Pumiln rianu. (unlrartniV raulnmral. Hiram A faataaa GENERAL MACHINE WORK AUa ManurarlMrrra of Sialar Hratrra roH.vrn miomi Arir. and jmkson sTarrr seems to me to be the coldest city This index compiled by the Publishers' Financial Bureau is a composite of recognised business indexes.

Business Level Maintained 5,000,000 more before Christmas 2,000,000 in foreign orders and 3.000.000 domestic." Lamb said. Eversharp, manufactures By ROGER W. BABSON The general volume of business, as shown by my composite business chart, is holding firm at 29 per cent above normal the same as it was last month. There has been, however, a substantial gain in the volume of business over this in the winter and the hottest city in the summer. Although the 10 largest cities the United States have 30.000.-0f0 people, or nearly 20 per cent of the entire population, yet they do not represent the American people.

The true Americans are found in the small cities of the farming and rattle sections which I Jove to visit. Here, the people rreate the real wealth which is sucked into the sewer holes of these 10 largeM cities and flows away to the sea. of their own. The fight is high-lighted by a searing advertising campaign in which manufacturers are jibing at competition-products while praising their own. Ball-point pen makers will spend an estimated this year in placing their fiercely competitive products before the public.

WHAT IS a ball-point pen? Eversharp, describes it as a writing instrument not a fountain pen. For a point it uses a chrome steel ball one twenty-fifth of an inch In diameter. The ball rests in a socket. As the pen moves, the ball rotates, picks up ink from an inner-tube and transfers it to paper. It never leaks.

It writes under water. Pen-hungry Americans, fascinated bv stunt, performances, gobbled up ,000,000 hall-points their first year of production, and are ex above normal and has advanced steadily to its present high level. It is expected that the physical volume of business will maintain this high level of business activity throughout the remainder of this year. In order to fully appreciate what this means businesswlse this will be, approximately, 25 per cent over the average figure maintained during the final three months of last year. The production of automobiles and trucks is running about 90.000 DEBUNKING PROPAGANDA AGAINST THE "RIGHT TO WORK" BILL time last year! A year ago this month the volume was only four per cent above normal.

This means that there has been a 25 point gain in the. volume over this time last year. IT CERTAINLY is inspiring to look from a train window and see the golden fields of wheat, com and other products. Yes. fine dairy cattle, steers, hogs and poultry are here galore.

Last night I had the This year opened with the vol- of business eight per cent ume IHM a week as compared with 3.5(H) a year ago. Steel ingot operations are 90 per cent of capacity as compared with 73 per cent a year ago; but both are below prewar figures. The heavy demand for coal at home and abroad means a high rate of activity in that industry. Junest steak that I ever havf it I aten. Whether it is due to the bad lUollGLT iUTCllCtSC movies, or radio news, or lovej iragazines, I do not know; butj (iff Hi) certainly the hie ritlet are i rlLCi I I JVf mVfV a-r- deep 1ttaC Information Electric power output is showing substantial gains over a year ago and my forecast Is for further gains in this industry.

The trans- Eortation outlook is not so good, epartment store sales are running around 23 per cent above this time a year ago. Retail trade should have one of its greatest booms between now and the end of the year. The outstanding event of the On October 28th the Salt River Valley Water Users' Association by resolution endorsed the "Right to Work" Amendment. On November 1st the Association signed a renewal of the union contract covering its field employees. Does this indicate a desire of the Association to tear down the unions.

Had the Association wished to destroy the unions AND IF THE "RIGHT TO WORK" BILL WAS A UNION-BUSTING BILL AS CLAIM-ED BY LABOR BOSSES, it would have waited until after the passage of the Bill on November 5th before taking action on the contract. featured far too much. The little cities should band together and to some adertising. This does not mean that readers wow should come out here and buy farms. commercial farms are "big business" like steel plants.

ahoe factories or department ores. Moreover. I think that next year will see a break in the price of many farm products which should react in lower prices for commercial farms. I do. however, look upon the small sustenance (Exclusive Republic Dispatch I NEW HAVEN, Nov.

Wholesale commodity prices for the week past based on the Dun and Bradstreet quotations, were m.8 per cent of the 1926 level, Irving Usher. Yale University professor, announced yesterday. The purchasing power of the dollar is SO.ftO per cent lower than it was la 1926, Professor Fisher aid. In the following table the first cohinin shows tha net change In tha purchasing power of the dollar and tho second an Index wholesale commodity prices as compiled by Professor Fisher. Average conditions for 1926 are taken as 100: with month just closed was the decon 1 wmmmmmkmmmmimmmmmmmmaiiitm trol of meat ana otner proaucis with the possibility of most price i farm, where the owner has an IF YOU'VE DONE ANY controls ending before' the close of outside source cf Income, the finest insurance that the world the year.

This knocks the admin offers. POSTINDEX FILES You tan matt split itcond 4cisioni whs you uia POSTINDEX. For POSTINDEX mots REPAIRING LATELY you know how expensive building and replacement costs are 30 to 50 istration's stabilization program into a cocked hat. At last the forces of supply and demand will be permitted to operate again. This and the election tomorrow are very favorable factors.

I especially recommend good business property in small rural cities. Even though much of this now is selling higher than before 1st Pot. IwM IS May IHtkl ISZS Avrras IS11 araa the war. I still believe it is among vital information avail- ii if the safest investments if kept well bio intlanrty. Aik to higher than in 1939.

But, have you done anything maintained and properly insured. If you da not want the care of VOTE YES 106 Right To Work Bill Ill IST.S IM.I MS 7.S SS.3 S4.3 71.4 IS 44 1. sis S3.1 S4.1 I.S so.s S3.S S3.S 1S4.4 such property. ou can loan on a IVns Pencils and Set about tncreastng your 4S.S 44. S.I S.S till S3.

4 S4.S 1-ISS 14.3 X3.S 13.1 rlS.t 1.1 S.S 14.1 how you tho oiany faa-turat of tho POSTINDEX Syitom of Katofd kaap- big. mortgage thereon and get 4 per it? A irrai. Hi Atrraga Avrraia It. II AM( It'll Arrai I S3) A rat It 14 vera a IS.1S At.rata ISS aimia IS17 Atvraaa ISIS Atrntaa 11 A vans IS4 Awaa 141 Atrraaa IS4S A versa Fire Insurance? Better see cent interest safely. Of course, you us about this now.

should select a section of the coun try which will be free from bomb ing attacks in World War III. I Brief Cases ff' READERS WHO cannot conve 11.4 113 I.I 143 Arm i 1S4-4 Avars IMS Afaraia niently nuy sutn property, can- art 13.18 11S.SS This advertisement published and rnid for by the following share holders of the Sslt Rrr Valley Water Users' Association: W. K. Spring r. Csi tw rijrht.

Clyde Ncely, Gilhert, Arix Sam Joy, Glendale, Dave Heywood, Phoenix, Ariz C. S. Anderson, ljiern, Arix. secure the ame protection which such rural communities offer by a a oil 3ft.ii' -fi' Hi -net Western Christmas Cards and Western Stationery HOWARD lii.ifflliii.iif 14 ttt.O 14. 114.1 IS.S4 1IS.4 IS.S3 IIS.S 1S.SS IIS.74 is.as ns.41 14.

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im4 wrk Oct. 3rd week Orl. 41k Orl. Ilk airrk OFFICE SUPPLY rtxma 4-2811 141 S. Oatral Representing Many of America Leading Insurance Companies buying the stocks of certain companies whose assets are mostly located in small interior cities.

Just before leaving home my secretary akej me about the investment of JS.fW which she heretofore had refrained from investing because of the high prices of the past year. Now. due to the recent drop, she feels it is a good time to (lip in. Shall I advise her to buy securities of companies with their plants in big cities? Not much! I now am suggesting that ahe buy these 10 stocks: General Foods, Kruger Grocery, and Pet Milk as representing the food group: J. C.

Tenney Company, and McLellan Ftores. as representing the merchandising group: Diamond Match, nd Deere and Company as representing building materials and machinery; Corn Products and Quaker Oats as representing the lead Industry'- For good measure I include St. Joseph Lead where she caw hide her money underground Vn a metal which actually is more valuable than gold. The assets of these companies are not in big cities but are distributed throughout the great agricultural districts in useful industries which aerve mankind. The above 10 stocks will take all the spare monev which my secretary has.

but while on this trip I hae decided to add to my safe 1 st the beet sugar stocks and Greyhound Bus stock. Also the bonds of the Kansas City and Southern Railroad Companv and of the Western Union Telegraph Com-, ranr. Again. I urge diversification. Never put more than 10 per cent rf your money in any one industry Fire, Automobile Casualty, Aircraft, Accident Marine Insurance Fidelity and Surety Bonds yAtttce Phoenix, Arizona Ground Floor Professional Bldg.

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