Albuquerque Journal from Albuquerque, New Mexico • Page 6

ALBUQUERQUE JOURNAL January 9, 1928 BUSINESS SHOWS GRADUAL PICK AS YEAR OPENS Automotive Industry Stimulated by New Models and Price Cuts; Intense Sales Campaigns Ahead NEW YORK, Jan. 8 (P)---A gradual, yet encouraging picking up of basis industries was recorded on the American business chart in first of 1928. inthan inter false conducive to quiet in some lines, the steel, automobile. implement and railway equipment branches displayed reviving activity, The improvement in the steel industry was daeratioln reflection of expanding in the other groups. MIll operations were somewhat above the rate for December, and prices showed a general resistance to downward pressure.

Buying of locomotives WAS reported good, and inquiry for cars and rails was fairly well sustained. The automotive trade was stimulated by several price-cuts and introduction of new models. Competition of the keenest order a developing, with probability that production rapid and accompanied by intense advertising and sales campaigns. Sweeping reductions in prices of low- -priced cars expected to make enormous inroads on the marus ket by turning the usual buyers of second automobiles to the dealers in new machines. A year of unprecedented buying of new cars is predicted by some of the leading The of the manufacturerations automotive industry is reflected by an increase of more than 000 in the number of employed persons in Detroit, the center of the Industry.

A slight Increase over the first week of 1927 also is reported. Extreme activity in the stock market was an outstanding development of the week, an dented Increase in stock exchange member loans having a particular relation to business. With the total of these loans around 1-2 billions at the close of the year, or within striking distance of the Romunt of money in actual cir-4 culation in this country, fears of a sharp tightening of money rates was widespread. A surprising expression from President Coolidge, however, that he did not consider the volume of brokers' loans cause for unfavorable comment was regarded as an indirect statement by the treasury department. The fears thus were allayed.

Interest rates, outside the callmoney field, showed very little change, and appeared to bear out predictions that the era of cheap money rates which obtained throughout last year would extend well over in 1928. Early gains in business operations, while encouraging. have not been such as to create overwhelming for funds, hence enormous amounts have been left available for Investment and speculative purposes. The outward movement of gold, which continued with measured briskness, no longer urouses apparent apprehension in credit circles. Stocks of the metal on deposit here are so vast that, in the view of leading students of financial and business affairs, as much $1,000,000,000 could be removed without serlously affecting the monetary situation.

The prin-, elpal movement last week was to the South American markets. Bank clearings gained more than 50 per cent over the preceding week, and about 15 per cent over the first week of last year. The decline in freight car loadInge during Christmas week from the same week of 1926 was rel- DIVERS RECOVER FIRST VICTIMS OF SUB DISASTER Central Press telephoto of three bodies, first recovered by divers from the sunken submarine 8-4. taken under naval guard of honor on the destroyer Maury from the scene of the disaster off Provincetown, to Charleston navy yard, Boston harbor. SPECIAL ISSUE READY TO RETIRE LIBERTY BONDS WASHINGTON, Jan.

(AP)The program of retirement of the more than two billion dollar third liberty loan issue calls for a apecial issue on January 16 of 3 1-2 per cent treasury notes that will be exchangeable for the 4 1-4 third liberties. The special issue, it was announced at the treasury Sunday, will be confined solely to exchange for the third liberty bonds and no outside subscriptions will be accepted. Its amount will be determined by the amount of liberty bonds offered in exchange. The new notes will bear interest from the date of issue and will mature December 15, 1932, but will De, callable bonds, in which 1930. The third liberty mature next September 15, will be accepted in exchange as of January 16, interest in full to March 15, which the treasury estimates will pensate holders of these bonds for the present premium at which they are selling.

of the Announcement special of the marks Issuance notes the opening of an intensive campaign which the treasury plans to conduct between now and the date of maturity in an effort to redeem the third liberty issue without disturbing the money markets of the country. JAP WOMAN SHOOTS HUSBAND TO DEATH, ATTEMPTS SUICIDE MONROVIA, Jan. (AP) -Mrs. Mayuse Hirano, 27 old wife of a Japanese truck gardener, Sunday shot and killed her husband while he slept and then turned the gun upon her two daughters, aged 8 and 9, killing both of them. Later an attempt at suicide by the woman WAs frustrated by neighbors she was taken Into custody by deputy sheriffs from Los Angeles to whom she later admitted the crime.

atively small, electric production stepped up materially and there was some improvement in the texI tile trade. MORE THAN DEAR NOAH- IF MA CALLS PA THE CATS MEOW, WILL PAJAMA OLIVER MULL DEAR NOAH- IS IT SAFE TO BE IN THE CORN FIELD, WHEN THE CORN IS SHOOTING? GERTRUDE ELM, WASH DEAR OLD NOAH WHEN A MAN LAUGHS UP HIS SLEEVE, IS IT BECAUSE HE SEES HERBERT HIS FUNNY FITZ BONE SAUNDERS- GERALD. NOW YOU SEND IN NUM SKULLION QUESTION TO DEAR OLD NOAM NOAH AUT- TUT NEVER STRIKE LADY ALASKA STORM DAMAGE ESTIMATED $75,000 KETCHIKAN, Alaska, Jan. 8 (P) -Damage from Saturday's sudden and terrific windstorm Was conservatively estimated Sunday at $75,000 following preliminary survey. Shipping was hardest hit.

The seventy mile an hour wind, which swept suddently out of the southwest, washed many small boats ashore and pounded heavy scows pieces. A mast torn loose from a ship and carried by the wind struck two Indians, InSurvinE by both. old The time storm residents was dethe most severe ever known here. PUEBLO WILL HAVE NEW RADIO STATION PUEBLO, Jan. (P)- Work on Pueblo's new radio station in the Congress hotel was begun Sunday with plans made for the first program to be put on the air next Saturday night.

The station will be under direction of H. E. Elberts and Paul Lasky of Denver, who have a license for the station, to be known as KGHF, from the federal radio commission. Station KGHF will be on wave length of 209.7 meters and with a power of 500 watts. THE OLD HOME TOWN Stanley LIMIT You GOT IT ERNIE HOORAY, SELF BUCKWHEAT RISING FLOUR DYNAMITE TOY HE DID TWO WEEKS EFFORT ERNIE HICKS FINALLY GOT HIS CHRISTMAS POCKET STANLEY CIGAR LIGHTER TO ACTUALLY FIRE ON THE FIRST TWIST OF THE BUTTON.

I GRIM BEAVER GIVEN PROTECTION IN ALASKA REGION Government Takes Steps to Conserve Fur Bearing Animals; 691 Deer Killed in Gila Forest Furs for the women to wear. They will have them and what's more they're going to it the United States has its say. And it usually does. For government has acted to save the tura for the -women, at least Secretary Jardine has. The secretary, wno by the way, Is the secretary of agriculture, has seen 1 fit to protect the beaver.

He did it by continuing the closed season Alaska, the Kenal peninsula. season was "The to have opened April 1, but it won't, not. now. This action was taken because of the present scarcity of beavers in that region, a condition that just came to light in recent investigation. The praise belongs to the United States, biological survey.

Another provision of the secretary requires the tagging of the raw fur at taking, or importing. It is said to clarity the The wildest country In North America. Where? A summer home in the Esperitu Santo of the Pecos country, according to the daily bulletin of the United States forest service, fresh off the press at the southwestern district offices in Albuquerque. Meanwhile, the forest service has not been idle. It has a model forest growing on lands once despoiled of timber in the Apache preserve.

The trees were seeded in 1914 and they are four feet tall. They grew from one to two feet in 1926, alone. 691 Deer Killed The final count. There were 691 deer and 165 turkeys killed by 1,605 hunters on the Gila forest in 1927. The bulletin goes on to say.

The figures are R. T. Kellogg's. He is the secretary of the Sportsmen's association of southwestern New Mexico. Mr.

Kellogg's figures reveal something else. The hunters increased 58 per cent and they killed 65 per cent more deer than last year, The spreading of the news of the opening of the Black canyon game refuge was the reason, In the opinion of the forestry CANON CITY THEATRE DESTROYED BY FIRE CANON CITY, Jan. 8 (P) -Fire early Sunday morning. destroyed the Sarah theater on Main street here for loss estimated at $45,000 by the fire department. For a time a whole business block was threatened such was the headway of the blaze when discovered.

Origin of the fire was undetermined. The theater was one of two here operated by the Amusement company of Denver. The building was owned by B. F. McCormick of Denver.

Thrift Pays Find out about ou. plannothing can offer greater proft with absolute safety. ON INVESTMENTS (Over $5.000,000 of certificates In force on our books) UNITED STATES SAVINGS AND LOAN ASSOCIATION 419 West Central Motor Coach Service Albuquerque Santa Fe and Las Vegas SANTA FE-ALBUQUERQUE DAILY--ONE WAY, $3.00 A.M. P.M. S.

F. T. Terminal 0:00 (Op. La Fonda) De Vargas 9:05 Ar. Albuquerque ...11:10 6:40 A.M.

P.M. P.M. Santa 12:56 4:68 Lu. Alvarado 8:00 1:00 6:00 and United Cigar Store. 8:06 Franciscan Hotel.

8:10 6:10 Ar. Santa Fo. ...10:50 7:30 TICKETS--Alvarado, United CIgar Store. Brisse and Ringlings. Albuquer.

que; De Vargas and 6. F. Terminal, Santa Fo. Aiso coach operators. SANTA PE-LAS VEGAS DAILY 83.00; Trip, Santa Terminal 0:30 Las Vegas 8:30 Santa TICKETS- Castaneda Hotel.

Meadows Hotel, Murphy' Drug Store and ter'e. Drug Company. Vegas: Vargas Hotel and Terminal, Santa Also conch operatore. SANTA connect with all mate tine trains at Lams. For information regard.

train, service, tickets Pullman motor coach service city of persona and quire of Agent, nat Plasa, Santa To (Telephene No. The Santa Fe Transportation Harvey Company Management SANTA TE N. M- 250 CITIES OF 30,000 VALUED. $68,004,953,929 Represents a Per Capita of Average on Capita Bonded Indebtedness WASHINGTON, Jan. UP)The 250 cities in the United States have population of more than 30,000 each had an assessed valuation of property amounting to $68,004,953,929 at the end of the last fiscal year.

This figure, the census bureau announced, represented a per capita of $1,625.36. Total taxes of the combined property for the governments of the cities, counties, states, school districts and all other government units amount to $2,102,997,289 or an average of $50.26 for each son. Revenue receipts were 961,362, a per capita of this was $649,759,346 more than the to. tal payments for the year, exclusive of for permanent improvement, but $313,684,184 less than the total payments Including those he for improvements. In only 74 cities was there sufficient revenue to meet all payments during the year, the costs in the remainder being met from the proceeds of debt obligations.

The total governmental costs of $3,052,645,496 in the 250 cities was divided as follows: Operations and maintenance of the general departments, 281,156, which was 58.7 per cent of all costs; public service enterprises $156,401,974: Interest on debt, outlays for permanent Improvements, 480. Gross debt at the close of the year was $7,284,457,950, a per capita of $174.10. Net debt, funded, or fixed debt less sinking fund assets, totaled $5,122,141,752, a per capita of $122.42. Overlock, Stevens Company BROKERS Hotel 440 Private Operating Wire the in Mexico Te All Exchanges Stocks, Bonds, Cotton Grain Futures Bought and Sell Comraission Connections with: LOGAN BRYAN PAINE. WEBBER 00.

THAMES FLOOD WATERS MENACE LONDON AGAIN Vigilance of Army of Workmen Averts More Serious Damage Following Saturday's Disaster LONDON, Jan. 8 (P)-The sursing waters of the angry Thames seriously menaced Westminster again Sunday afternoon at high tide, but the vigilance of an army of workmen averted serious damage. Sufficient water seeped through the sandbag barrier at the break in the river wall in front of the Tate gallery to reach the curb but prompt repetition of reinforcements Saturday's prevented disaster a when art treasures to the value of millions of pounds sterling were ruined. The Tate gallery is the national gallery of British art. The Salvation Army band, which played all the afternoon at corner of the Tate gallery to collect funds for the flood sufferers, conducted a thanksgiving service when it was announced by officials that the danger for the day had been met.

The army's large barracks nearby has been the relief center for flood victims since the first break in the river spread terror in the heart of London, and caused the death of fourteen persons. No additional death had been reported Sunday. The flooded area of Westminster was roped off Sunday to guard against disaster should the sandbag barrier fail to hold, but hundreds of thousands of people of all classes approached Westminster as near and as possible The Vauxhall bridges were black with humanity watching the heroic etforts of the workmen to keep the Thames to its course, A slight and favorable wind materially aided in accomplishing this result. The port of London authority has issued warning that all tides will increase until Tuesday, therefore, great uneasiness exists in all quarters until that day safely passed. The weather bureau reported the Thames slightly falling at the locks immediately above London and predicted no higher marks along the London water front from that source.

AMERICAN STEAMSHIP GROUNDS IN SUO SEA LONDON, Jan. 8 (P)---An Exchange Telegraph dispatch from Mojl, Japan, states that the American liner President Monroe grounded off Moji, in the Suo sea, Sunday. The liner which was bound from Kobe to Shanghai, was believed to be safe. DEATHS AND FUNERALS BOWERSOX-Short funeral services for Mrs. Minnie Belle Bowersoz.

wife of Mr. V. O. Bowersox, were held in the chapel of the French Mortuary Sunday afternoon. Rev.

Wayne Drash officiated. The body will be taken Monday afternoon to Abilene, for Interment. GATZEY-Mr. Andrew Frank Gatzey died here early Sunday morning. He survived by his widow, who here with him and will accompany the body back to their former home in Momt Clare.

for burial Tuesday afternoon on train No. 1. The Strong Mortuary In charge. GRANDJEAN--Mr. Jules Grandjean of San Marcial died here Saturday evening.

He is survived by his widow, who will arrive here Tuesday to accompany the body back to his former home. The Strong Mortuary in charge. JONES- The body of Mra. Edith Jones was sent Sunday morning on train No. 14 to her former home in Birmingham.

for Interment. It was companied by her husband. The Albuquerque Undertaking company in charge. SANCHEZ Funeral services for Julianita Sanches de Sanchez were held Sunday afternoon at o'clock at the Sacred Heart church. Rev.

Father Fermin 8. officiated. Burial was made at Santa Barbara cemetery, The J. Garcia Son Mortuary WAS in charge. Flora V.

West passed away at the home of her mister, Mra. Alfred W. Skinner, 2101 North Fourth will street, be early taken Sunday morning. The body to Chillicothe, Ohio, for burial, accompanied by Mra. Skinner.

It the request of the family that no flowers be sent. Blakemore- Bow Home Mortuary is in charge. WILLIAMS- Funeral services for Mr. William P. Wiltiams will be conducted from the chapel of- the French Mortuary Monday afternoon at 4 o'clock and the body will be taken to his foriner home (in Bartlesville, for interment.

Strength and Age Throughout its existence this bank has steadily gained in strength and has constantly endeavored to make its service of value to the people of Albuquerque and surrounding territory. Progress and growth are two important factors in its history. You will derive many advantages from the service and prestige of this old established successful institution. First National Bank Albuquerque, N. M.

1882 1928 A word from the publisher about advertising The products you see consistently advertised in this paper are worthy of your It takes two things to make a consistent advertiser. One is a strong conviction that he has a product that will hold its place in public favor despite competition. The other is actual proof of that the Increasing popularity of his product. If his product will not stand the test of comparison he would simply be throwing his advertising Investment away. If the buying public rejects his product after it has been offered in advertising he has thrown his advertising investment away.

That's why the manufacturer who advertises his merchandise consistently is very sure of his quality and why you may be sure of it, too. Read the advertising here in your newspaper It will guide you to the buying of worthy merchandise.