Altoona Mirror from Altoona, Pennsylvania • Page 2

1 TOLD OF TODAY i By ttOVI.K, 'iiu StflfT fcofrespondenl. "(Copyfight, 1929, by Altoona. Mirror.) fSW YORK. May farmers I most Of the Industrial concerns ite about completed their spring bor- Wlfig. Theie haa not been a notlce- Mle ghoitage of credit but some c.on- Mtfts have paid higher than they Mfhted on for their accommodations.

fijlowftVer, the general outlook is so bffght that the possible returns from thi programs of expansion, to which rrtftst Of the borrowed funds will be devoted, promise far to outweigh the bill-den of the Interest rates. ''While this Is true to a large ex-i teli Of the Industrialists and farmer)), the public utility concerns still nhv-S programs in which will require large sums. They are, however, i better position to raise the. a sums new than they have been for years, ifany of the concerns will do so by mean-i of stock sales to consumers and investors who are already utockhold- fril. The volume of money available i f6? all purposes promises to be large.

fOr, while European nations have their discount rates to keep gold atHorrfe, the attraction of the New itrfrlt call money market is likely to draw At least $200,000,000 in foreign goad to these shores. 1 fthft fact that borrowings have feS" their peak does not. mean that concerns are slackening their expansion and Improvement programs, Tlney ore putting in new and Improved daily and cutting costs thereby. They will continue to do this sofJong as the volume of demand-ro- mains near Its present levels. thai repoits from the Industry show that this demand still is extra- ortilnailly high In that key industry.

S'teel rlants are turning out more goods thaw their rated capacity In most stances and still are. reporting opera- Udns between 90 and 98 ppr cent. The situated companies ha.ve 'dtfced'BO per cent more so far this year i "'tnan in the splendid season ot 1928. Trie automobile Industry Is doing the ''lit'ges' business done In any previous Ing. May Is likely to witness record-breaking motor car but this demand which Inspired tile Volume of production Is far from ri eyenly distributed.

Some concerns are Hpt feeling the effects of the apparent- prosperity. The same is true "'(US' the airplane manutacturerH, tftbugh-this Is a business which prom' to grow faster even than radio. Condltions In the rubber and tire In- dtfstry are very satisfactory; for the. as well as the original equipment demand Is so heavy that 'ie Akron concerns are nearly all at IP speed. Rumors o.f an approaching cut due, to lower crude rubber 4 prices, are vehemently denied.

implement sales so far tffls year are 12 to ID per cent heavier than ever before in a similar period. Industrial chemicals are In greater de- than for years. This is due to general trend of activity, the heavy for paints and varrfishea and the necessities of the rayon silk; cotton rind woolen tiades. Radio and battery tjbuipment concerns are doing better thun a fair business and the cotton goods, floor coverings and silk goods trades are in a fair position. Stocking manufacturers are in a preferred position despite the declaration of some experts in favor of a bare-legged fash-.

ntonatTott'on textiles will do in the next few months depends largely on raw cotton crop situation. Many 'iK'Sxcellent anticipate a decided 'advance in raw cotton prices despite "SSbent favorable weather and heavy, Jreage. The wool industry is not in Savorable position as compared with sdme previous years but the new wool- ett textiles of remarkably light weight vSnd" beauty of design are helping the The shoe and leather itnen are complaining bitterly of some in their lines but the upper manufacturers seem in a fairly sound position. WThe weaker industries show little tttkn of returning strength. Coal is in the doldrums and is likely to be for Vonths to come.

Paper is not. adyanU fczeously situated and shipping will be until of older of executives and concerns, im- Wlth the traditions of aloof great- neBB, pass from the Sugar 'iBroducers are having anxious moments fftVer the reports of the special session Of congress to discover what, if any, aid they can expect from tarin Changes. the agreement by the eastern Railroads to accept lower rates to the on export wheat will lower tOHts, many exporters feel that the yolume pf grain so moved to foreign V' Tiwrlcets will tend to lower those markets to an extent which may out the advantage. WPECTED OF SHOOTING, MAN HELD IN CAENEGIE May in connection w(th the shooting of William Corr, Burgettatow'n, police- toan? Herman Orris, Belger, was Edged in the Carnegie police station was wounded when he went to township to investigate the Of cattle. A suspect whom he SueBtloned shot him after which he jwaj taken to the Washington, hospital.

Physicians said Corr may lose the Bight in' both eyes. "A description of the suspect was Vdadcast and Orris was arrested later ths home of his brother-in-law, Tarlausky at Carnegie. BOA8BWG HOUSE Crossword Puzzle 35 JIOKIZONTAt. I I. What city is the greatest flsh- ing port in our pountry 5.

What is the chief, industry in, Massachusetts? 9. Reverential fear. hair cloth. 12. Part of verb to be.

13. What famous taxation party did Boston give in pre-Revolutionary day's? H. To prevent. 18. By.

17. Put forth vigorous action, 19. To push gently. 22. To arrange cloth gracefully.

25. To sink as bed springs. 2fi. Venomous snake. 28, Unit.

29, Stitches. 30. Feminine pronoun. 31. Breathe heavily.

33. To opine. 35. Musical drama, 39. Native.

43. Inmpetuous. 44. To run away and wed. Slant.

Diminished. 1. Bandmaster's stick. 2. To be in debt.

3. Oceart. 4. a church. 5.

Two-wheeled vehicle. 6. Spigot. 7. Rock containing mineral.

8. Pluck or audacity. II. AVhat hills are in the western part of STATE appointment of Philip D. Foster, residing here, as supervising principal of the department, of labor and' industry, will meet with pretty general public approval.

Mr, Foster, member of an old Centre county family, has been active in national guard and volunteer flrefightlng organizations for years, was postmastei here and is widely known throughout the county. The territory over which he will have Jurisdiction In the performance of his duties comprises central and northeastern counties, The appointment dates from May 1, i It's Easy To Prepare a Lunch- Just Serve HALLCC'S DC-NUTS (They are not saturated with grease.) and A Cup of Hot Coffee Holler Do-Nuts are fresh daily arid sold by most good grocers. 14. Chopping tool. 15.

To scatter. .17. Hen fruit 18. To let -fall) 20. To employ.

21. Simpleton. 23. Collection- of 24. 26.

Tree having tough wood. 27. Writing implement. 29. For the manufacture of what commodity is Massachusetts nationally famous? 32.

Covered with glazed clay blocks. 33. Net weight of a container, 34. Was acquainted with. 36.

Chum. 37. Self. 38. Corded cloth.

40. Wing- part of a seed, 41. Two thousand pounds. 42. Monkey.

IRle.lPIR|OlP|A|T|E.j ami QHraa ana COMMITS SUICIDE AFTER BADLY WOUNDING WIFE BRADFORD, May because his wife had him arrested several days ago for surety of the peace, Michael Zetts, aged 30, escaped from the Bradford hospital yesterday, went to his home and seriously wounded his wife and killed himself. Police took-Zetts to the hospital last night after he had become sick -at the city Jail. Zetts obtained the revolver from a pocket in his automobile which was parked at his home. His wife aWak- ened as he broke into the through a window. She fled' to-home ot her brother-in-law a few doors away.

Zetts shot his wife through the abdomen as fled from the house. Zetts.ran Into a lot back of'his home and fired one shot, through. his chest a ndanother through his head. He was dead When authorities arrived. Mrs.

Zetts probably will die, it was said at the Bradford hospital, where she was taken. After-dinner speeches have been forbidden by the Spanish dictator. Smart men, those Bend Tribune. BUSINESS WORLD YORK, May able and ness are as.follow!! in retail trade IfUMarchi; of and payrolls, Thirds-Increase-In sleM ders spite Of ments; large orders for finished steel. building permits.

automobile. production. imports; high federal reserve.ratio) recovery In bond prices. moderation in speculation. average earnings ahd- large dividend disbursements by leadf Ing companies.

financial position of most leading companies. mercantfle inventories. fuctorn. high money; collateral loans high ahd brokers' loans excessive; low ratio Of net reserves 'to loans, and high loan-deposit' ratio of member banks. in commodity prices; reaction.In metal markets and decline in building contracts awarded.

production at peak levels. decline in freight fld (adjusted). i Supply of itles large compared' with stocks of manufac 1 tured goods in producers' hands. trade up' less than usual, notably'imports. conference a failure.

Average activity- of basic' industries continues high and is likely to remain so for at least another month. As long as employment payrolls' show continued expansion, and retail trade holds 'at high level, no recession can be. said to have begun. Probably, too, a decline in unfilled steel orders will occur before, any considerable down swing develops, ahd no such decline has appeared yet. The improvement in bulldingr permits March, though probably is a favorable But the number of unfavorable fa.c- tors is large and important.

In fact, conditions are such that it Is almost inconceivable; that some-reaction will, not occur in a few months. Only the development Of -a final o.f inflation'' could prevent Money rates are crisis levels, and bank credit is This condition, to- gether'with an averagq industrial-activity allowing for normal is as far above normal' as can be makes a that calls for readjustment. The present situation' fl.ts the hypothesis that fairly regular -in business, we are near the''peak, cycle that began ing 1ft ftost mercantile trMM, ot IhflAUfth 1ft the general bf 'commodity suffesU, IMt it will not be. But-the deSlfability 6f lh- creased caution Is Iftdlcated. Such poSftlftle developments as a.d,ecllne In automobile production, an Increase Ih- stocks of copper and a drop in nll6d.st«et bfdefs be VC'Ktohed fof warnings.

AttehtlOrt is called; again to tfaordihary expansion of bank Ih dornftWIsOii aft index of tfafflfi. ifafelnf iVefafe fof business activity as freight; years s. basis Of Com- paHsch, we find ait index of bank defc its registering' or nearly double the At the freight toritiage.is 'Ohly 8 above average. Industrial production i's 6niy 28 cent above the average for'the game period. As commodity aM almost actly equal to average, the only possible explanation of such an enormous increase in bank debts Is-found in the volume Of speculation.

It is significant that the' period of great divergence dates from the beginning of 1927, the most pronounced phase of a bull movement in the stock market began. In spite of business recession.Vtf. 1927, bank debits and stock prides moved upward, and the parallelism'Is emphasized by the way in which the dtock market breaks! in dbtoberV June 1928, and. decembety W28, ate reflected in the debits'. The point to be emphasized is the Inflation in -bank credit that conditions There, is an increase in member bank, ''loans' as compared with At the same time, the net reserves of the member banks are rather' low, ahd are extraordinarily smell in comparison with their total loans.

(Copyright, JH29. by V. f. Cv Netvs SBrvlce, FIVE NEW ARRIVALS ARE WELCOMED AT HOSPITAL A quintet of new all girls', was welcomed at-'the, Altoona hospital during -the past week; All. were born May 1 with last to be recorded at the the week'belng born'yesterday.

'Margaret Louise Crlswell -Was born May 1 to tiarry Bllsw.ortli and Llbble Louise (Qrimes) is an automobile dealer. The parents reside at 2811 Albert Drive, Columbia park. Catherine Colleen Weyant May; 1, the of John, Robert and Catherine (Green) Weyant of 106 Sixteenth' street, Altoona. father la a laborer. Joy Lawrence was Wednesday, the James Twlla May (DoebFer) Lawrence of Third street.

The a. A-daughter was bornfto Norman El-, wood and Helen (Qearhart) Cale 914 Twenty-eighth street, the new 1 rival also being.welcomed oh Wednes-' flay. The father is a public accountant. A daughter'was- born yesterday to Francis -Eugene', and Helen (Peters) -Reilly of 304 Eleventh The. father'is a laborer.

''i" One of the Altoona, Works' ftidsl organisations, the chorus of half -hundred trained voices, win edncift fof Bftfteftt df ths Salvation Army at the first Sapttjt ehufrch next Tuesday flight, beginning W8 cafey ftdt'as. ehMrftiaft infl. Kfeftjv, ft, with Jf Mi sMilhltdh, 6f ing and A1-; Tfhe. cdrdlklliy m- vited to art evening 'bf cnoice-music. admission be Charged 1 but a free-will offering will 1 taken and given 'to the salvation.

The choir is under the sdr K. W. Llrtdamah. ThSieMoirVwon national laurels in it participated in the beauty, pafeant at city, as -splendid renditions there. took'part In the program at Philadelphia under the Direction, ofc the tingulihftd of Chlcagoi bire'ctdr Llndaman 'battle to Altoona from to' fill the important superviiot 1 ot music In the -Altoona W.

i the president of the choir. It never Has been ilearly established whether showers'are as a cause of "effect, jbf. aiaiiapolis OHE REASON rOLKS 6HUS REUy--- ausr WHAT ffcCY SPECIFY what you 'jN your ing 4 and with us. at ai moment's a full equipment for a'. residence- Jobs' bH? and welcome 'cm all.

John M. Klesius Heatlnir, Phimblng- J'hone 2-0307 and 8580 2320 Eighth AVcnue it -J A In And Hear THE STETSON SHOE PARADE rresertHrtf Aft All WEYMOirm PROGRAM by Weymouth Port, No, 79, Americati Band William Director Sunday, May 5th, 6 to 6,30 P. M. Dial WEAP, 'York, or any National Broadcasting Co. Station, Come to for Stetson 1493 Eleventh.

Altoona BB T'S i -y tr iLlE-lElRI QHuHH Answer to Yeiterday'i ruizle VSHDAYneed only three minutes if you let us be your laundress. One minute to get your clothes together; one minute to 'phone for our driver; and one minute to put them away when they are returned to you, fragrantly clean and neatly ready to wear or put away. LAUNDRY Oml 7377 Dolaway's, Inc. Cut-Rate- Clothing and FurnlphlPC Store Men Extra Special May Month Sale Fireman Khaki Shirts, 14: to 20 neck, -a full cut guaranteed -or shirt free. Special, Fireman Khaki -Pants, 1 30 to "64" waist.

Double crotChed. Guaranteed not to rip'w-a new pair Extra ftffc Special, Men's $16.50 to All Wool Top Coats. Gray, Tan, -Brown' and'fancy, 35 to 501 bust measi lire Coats. Extra CO ft'v special, lio.95 0 Boys' 'Long Pants 50 Suits. $11.05, $9.50 and Boys' 4-Plece Suits, 2 Knickers or 1 long and 1 short, off price.

Extra 96.60 and Boys' Better Dress Suits, 4 pieces, 14 oft.price Tickets J16.50, $12.95 Boys' Raincoats, Qfv and Men's RalncoativS-i to $9,85 to Men's Moleskin Pants Men's Dress Pants, $8.50 Boys' Long Pants, $3.95, $1.95 and Boys' Knickers, $1.95 to $1.19, 95o Men's and Young Men's New- Spring $16.50 to $18.50 -Suits. All Wool, 2-year lining, Blue and fancy. SI 1 f)5 Special, $13.50 and Extra Good Quality AU Wool and A Young Men Sample Suits, one kind, to 50. All shades, all wool Winter Suits and O'Coats Men's Working Pants. Good heavy dark stripe Men's Working 2 Pock- elts full cut.

69c, BOo and Month Sale Onelda Gray Union Suit, IP legs, short sleeves or knee length and short sleeves. First quality. 89c each or 'Trt 2 for Lawrence Gray Tailored Knit. First quality. $1.18 ffiO OK each or 2 for Balbriggan Ci-eam and White Union Suits.

95c each (E fif) or 2 for OV Ktra Special Nainsook Athletic Union Suits. 69c or Qffc for Athletic Union Suits. fkfk E9c each or 2 Boys' Union Suits Men's Good Quality Balbriggan Shirts and Drawers. fiSc each or 2 or B. V.

D-, 34 to 46'only. special rtfl May Month Men's New Spring $3.50 Hats. May Upnth ffiCVOO Sale, $4.45 $1.50, $l-9a and Young Dola way's, Inc. 1435 fitittlk You II find it IET SPEED AKE OLDSMOBILE out and try of traffic and on the open road. You'll find daggling acceleration, ir imooth the pick-up of an electric.motor.

You'll find exhilarating' ipeed, with freedom from noise or vibration, throughout the entire range. You'll find a tirelecs, effortless flow of power, with a tremendous reierve for steep and hard pulling. Oldimobile'i big engine it imooth and quiet at every It on deadening, vibration-absorbing rubber mountings of special design. The chassis, too, is rubber- cushioned wherever cushioning should be used, fabric beading, where metal would otherwise meet metal, annoying body squeaks, And a sound -insulating material between the body and the chassis creates a silenced interior. In keeping with its smoothness, (juietness, and brilliant all-rQimd performance, this finer Oldwnobife NEW LOWER PRICE TWQ BOOH is easy to drive and comfortable to in.

Controls 'are con-! veniently arranged. Both the front seat and the steering wheel are adjustable to suit the driver's individual preference. mesh easily ahd silently. Clutch action light and smooth. Fingertip steering provides handling ease in traffic and simplifies parking.

And. OldsmobileV quick-acting four- wheel safety brakes respond to the slightest pressure. Interiors are. luxuriously comfortable, with wide deep-cushioned seats, and plenty of head room and leg room. And four Ixweyoy hydraulic shock absorbers assure restful, riding ease on any road, Come, take a drive this finer Oldfmobile, Learn not only what it does, but how it does it.

Experience thrilling, powerful ance that is smooth and quiet at evfcry speed. Match it; against other cars in its field, Then t. compare its value! fHiOB I Wm. Penn Auto Company -I- 80840 Greew Avauue CO-iJL STREET MilU, S4LKS WI(3GIN(iS 5IQTOR CO- Woarin? Spring, IHV G.i«4aiK Tenth Ty I'n..