Altoona Mirror from Altoona, Pennsylvania on May 31, 1930 · Page 10
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Altoona Mirror from Altoona, Pennsylvania · Page 10

Altoona, Pennsylvania
Issue Date:
Saturday, May 31, 1930
Page 10
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T.HB ALtodMA OF WEEK STOCK MARKET By C. f. ««*(» tNrt*~. IfllJO, by Coh«6lld»ltd Press , Association.) k WfiW YORK, May 31.—Wall Street JiaS loafed through a four-day week %Witml making much Impression on 616 price* of Securities. The average M stocks today stands almost exactly WttfA It was last Saturday. Bonds fcfe down. % point- Tlie mystery of Wfty bonds do not react to the strong- «8Uwsl of favoring conditions in two W&rfe piiBZles the best minds in the fevtsstttient world. t 'to use the common expression, J'buslness is scraping bottom." f-rom some points of view it reached Its low stage at the end of March; from others it would appear that the decline had extended into May. During trie past three weeks there has been a more uniform trend and a ftlore pronounced Indication that in- dustrial'conditions are being stabilized. Recovery, however. is and < probably will be slow. - Taking the month of May by it- (jtelf, it will be found that the aver- ftge of stocks has made a slight net gain over that of April 30 nnd is now About IS points on the average above the low level of May 5. Bonds are slightly under the average of a month ago and 2 points down from the high Average of March. Later on it may be found that the limit of the ind'ustrial decline was reaclii ; noident with this month's break in the prices of stocks. Certainly the improvement In v "equity Issues established has been based on the conviction that the extreme phases of the industrial depression are behind us and that, while the effects of this depression will be evident for some months in decreasing earnings and smaller dividends, it is a time to be hopeful for the future and to begin to anticipate it in dis- arrrninating purchases of good securities. - In considering the outlook for the next three months it is necessary to take into account the fnct that this is normally a slow period in busness and one of indecision in security markets. This condition is likely to be emphasized more than ever this year. The late April and early May break In' stocks reflected an overbought market and the abrupt discovery that a widely heralded trade improvement was a fiction and that corporation reports tor the second quarter of the yoii 1 would be as unsatisfactory as , T,T>6se in the three months ending March 31. - Wall Street was not then prepared for what it had to face in restricted business all over the country. Today it is fully aware that with lower prices for commodities and for manufactured goods and a reduced volume Of output, corporation statements covering the June quarter will be Unfavorable. \Theso will bo available toward the end of July. While they may have been somewhat discounted previously, they are likely to produce an effect on sentiment, as they are closely analyzed. By that time, however, there should be a visible awakening in the business world and mora than seasonal preparations for the turnover that comes after the first definite estimates •of probably whe corn, and cotton trops have been made. There will then have elapsed a period of nearly nine months since the stock market nanic began to affect business and it least six months during which woduction had been curtailed and the country had started in to use up Us surplus of commodities and ol manufactured goods. As n. matter of fact, It is nearer a year than nine months since business recession first became visible and began' to affect certain groups of stocks. Unless the present situation is greatly different from all others in the past quarter of a century, a year's reaction is the maximum that need be expected and there is actually more basis for a quicker recovery now, than when national conditions were less favorable in other reactionary periods. Several years of overproduction on a. large scale are finding a cure, to the temporary injury of both capital and labor. It 1s safe to say that the enforced rest will have benefits that will be much appreciated later on. With the low volumes of stock and bond transactions and the moderate , . i „ a *v>*->n af \n inHli ntrv. OUR BQARD1N& HQUSfc i-T LIKE fc Flv/ sHo-f MouJ Me au-f C6ULT? BE -two Y ou-f HARMONIC MUSCULAR] -ro PUAVE.P IM > T Vou uiaUL-D m-fuV SM6-T SUCH A BREACH 6F you AT 60* TJALU A WICKBU S-TAfcE -LI MS -7 -THIS/ w, V. / . i "-, ''iastijffrr irfSV. C1930 BY NLA SERVICE. INC. pa-f-fe.R --=*> nco. u. s. MT. orr. 'LIGHT" fftftt IS LATEST FOR RADIO By ROBKRt MACKy 'Staff t)6rMispto»aeftt. (Copyright, 1930, by CbftSOlldaUd Pfesa A«86«atlbft.) WASttlNGTOrf, D. C.,. May 31.- Radlo stations of loiV potoer, broadcasting on "light" waves, father than ether %aves, is foreseen by O. H, Caldwell, fprmef federal radio commissioner, as a means of alleviatiftg NEW SEATING FOR MISHLERJHEATRE Old Pews, In Service From Be. ginning, Replaced and Many Other Improvements Made to Playhouse. IT'S A VACATION TRIP THAT 3 LEADS TO A LOT OF PEOPLE FORMER RESIDENT COMES EAST TO VISIT FRIENDS , the gotigestlon now existing broadcast spectrum. " in the AfalUafUU <• j. ' j, ( t FORMER MINIS TO PREACH SERMON Sunday beijIhnlM of thl rt. R«plotl« . A* In service ever since the theatre was built a quarter of a century ago, the seats in the Mishler theatre have been replaced with new ones of the latest type. The new seats are of the all-steel type with box springs, set lower than those they replaced and infinitely more comfortable. The 'installation has been completed in the lower part of the theatre, where 686 seats, or a gain of approximately seventy-live, have been placed. Those on the upper floors will be installed within the next week or two. In reseating the first floor the boxes have been taken out. When they were occupied the vision was somewhat obscured from some of the seats behind. It is also planned to remove the upper boxes for the same reason as the work proceeds. The old seats, despite their long service, were found to be in good condition and they were sold to the owner of a theatre in a town not far away. The reseating by no means con- employment- of money interest rates are likely in industry, to., be lower JIlLdCctL 4O.L.WO t*.* " •...—..! rather than higher between now and the end of August. It is difficult, therefore, to analyze the situation and not find in it the prospect of an Improved bond market during the summer. The argument ' that this market will be stimulated by the German reparations loan la unsound. What is most needed to create a better situation in the investment Held Is not more but less new issues, In' asmuch as the total of bonds floated BO far this year is $1,000,000,000 in excess of the same period of 1929 and the highest, with the exception of 1928. in flvo years. Quite as much as the decline in commodity prices as a factor in causing business depression has been the tariff (situation. From the standpoint of domestic and foreign trade the- proposed upward revision of the tariff schedules is a handicap which those more versed in politics than in economics do not appear to realize. A policy of nursing business along through a period of serious illness and maintaining employment and wages at as high a rate as is practicable Is not consistent with one that Introduces into our industrial situation a set of tariff changes that will affect trade relations with some of our best customers abroad and impose additional hardships on American manufacturers and consumers. ine ieoen.i.i"& "j stitutes all the improvement work that has been done or which is now well under way at this popular theatre. In the first place, the electric system has been entirely changed and modern- Tlie remote control lighting system has been installed. This involved a large amount of work, for all switches have been eliminated and the entire svstem is now controlled by means o£ one button. ' The change greatly simplified and improved the lighting. All the woodwork in the interior of the theatre has been repainted and the exterior is being subjected to the same beautifying process. Various other improvements which will be | noted by the patrons have been made. ; These will be observed in the lava- . lories, cloak rooms and waiting rooms i as well as in the auditorium. , In the reseating process the candy boxes have been eliminated. The seats will be found comfortable in the highest degree and will contribute greatly to the enhancement of this popular amusement resort. The cooling system has been entirely reconditioned and it will be found more efficient than ever when warm weather comes. New motors that will \ RECORD TOR "EWSPBINT. GOTEBORG, May 31.—The Swedish export of paper for newspaper-print reached, during 1929, the record weight of 197,533 tons, as against 159,878 tons in 1928. After an absence of more than thir ty years, C. J. DeHass, a well known business man of Livingston, Mon,t., has 'returned to visit his parents, brothers and sisters and other relatives residing in central Pennsylvania. He is now sojourning at the home of his parents in Keermoor, Clearfleld county, and on Tuesday Joseph H. DeHass, well known Roaring Spring grocerman, motored, to that place to ?reet, him. The brothers had not met since the depature of the Montana man for the west and an enjoyable reunion resulted, us Pennsylvania members of the family were gathered at ,the parental home to greet him when he arrived from Montana on Tuesday. The western visitor will have an opportunity to resume his acquaintance with other relatives and friends of his early life next Sunday , when a big family reunion will -be held at the home of his parents in Keermoor. Mr. DeHass left Pennsylvania prior to 1900 and after several years of traveling about the country located at Livingston, Mont., wheye he entered the service of the United States postal department. He has been in the government mail service continually since that time and also has engaged in other activities In the growng - state that have resulted In making him an extensive property owner in Livingston and also the proprietor of a large ranch in the state of Montana. He will spend several weeks here. i uo.uuci.oi> «j,/cvrfy» nin. This" hew possibility Is one of the atest developments In the miraculous electronics art—a direct offshoot of radio, according to the engineer-editor. The electronic tube, which 19 Simply a relative of .the vacuum <.uu<3 ••<==« ln the ordinary radio receiving set, is this general utilitarian of art and Industry, activated by light. It is ,the closest approach to the human brain cell yet de- Vised by man. Most of the little broadcast stations, which Mr. Caldwell says" "clutter-up the air around New York and other cities," might better give up their wave lengths and utilize the new light ray method of broadcasting. These little stations of BO to 100 watts power usually can be heard only about as far as their antennas can be seen, so that the Wight-Ray methpd would cover about the same area na n&w covered by radio. Then, he asserts, "these now-wasted wave lengths" would be made available "for great high-power stations from whose programs millions would benefit." In the New York area alone, according to tne former, commissioner, there are fifty stations, but he says that only six or seven of them are regularly listened to by the discriminating public. "The rest could shut down without a ripple of public attention, but as a substitute they might be offered the alternative of broadcasting over light waves, which could be heard as far as the station could be seen." This new possible method of eliminating radio congestion in cities, Mr. Caldwell explains, alreafly has been used successfully for communicating with airplanes from flying fields, when the ether is tilled with many messages, overtaxing the available wave lengths. MUSEUM REFRIGERATOR PLANNED BY SOVIETS junicsruA JB«» • . **»•-•.>«»o »•••«»* -". —-, ealaureate tfWIett) for the class of llso will be h*M fa ; the .pHtftbh of the Brethren at * tt'ctb'ck. the sef' men,will be delivered to ttie graduates by Rev. O. E. foder, formerly of New Enterprise but now ef \Covlnfct6n, q. During the yeaf the 1 class, had learned that sbme time this spring Rev. Y6- der was plahnlrigL-to renew acquaintances at New . Enterprise, so they immediately gfot In touch With; the former pastbt .16' time his Visit ! for com* mettcement week ,ind thus be In position to deliver the baccalaureate sermon. Arrangements were accordingly made. Tuesday evening Will be class hlght for the graduates. At this time a program will be given In the school auditorium by the members of the senior class. Plana have been made to vary the program somewhat from the traditional type and include features more closely related to school ChAWe** «*«•? George Kooftt*. Ruth King, »lda Snyder, Ruth Teeter June i, , iHm>wfc*k »? Schoal at K«W gMB«war*«F '•;SSSSJrsa* MBGKW DAY flt , BI HOT AfiLfi EVfiN* PORT AGE, May 81.-Wlth American Legion drum corps trbm an sections of the state entered in the varl- oWs contests, Amerlnan Legion dfty belfig arranged for Wednesday, Jun« 18, by John R. Moyer pbst of this place, promises to be the biggest Le- eloft event to have been conducted m this seitlott of Pennsylvania. Two monster parades, one in the morn ng in Which floats of every description Will be entered by concerns from miles about, and one in the «venrng n which all the -drum corps will be in the line of march, will be among the many features of the affair. Prizes are 'being offered to the drum corps coming the greatest distance and to the largest corps. Many acceptances to the Invitations which have been sent to all the Legion corps In this state and to some In Marye . for the evening will center around a typical gypsy camp which will furnish the setting for songs and other musical numbers as well as the class, prophecy and addresses with other experiences the class encountered along life's highway. ' ,. • The week's program will be climaxed Wednesday night with the commencement proper held in the High school auditorium. Dr. C. C. Ellis, recently eTBcted president of Juniata College, will deliver the commencement address. Two members of the graduating class, Robert Longenecker and Louise Brumbaugh, have been selected to represent the graduates and will deliver orations commencepient night. The class of 1930 numbers twenty- three in all, sixteen boys and seven girls. They follow : v Louise Brumbaugh, James Davis, John Davis. JIIQ JlelVC iinccn^jr w**x»»» •*,«••- • 'Lieutenant Colonel Edward R. Coppock of the field'artillery, stationed at Altoona, has been assigned to represent the war department at Washington td attend the observance and he will make a speech previous to the big athletic meet which Will, be conducted on the local Moose field. The athletic events promise to be an exceedingly interesting .fee Gold, bronze and silver medals be awarded the winners In the various contests. . , A half holiday will be declared by all business eitabltshments on the day of the e-vent which Will be brought to a close with a big dance. * Many committees under direction of Legion Commander Samson Goldstein are hard at work In making every necessary arrangement to assure success to the celebration. LONDON, May 31.—It is learned that the central department for science in soviet Russia proposes building a museum refrigerator for the indefinite preservation of bodies of human beings and animals. The proposition follows the discovery in ice in Siberia of mammoths' bodies estimated to be 30,000 years old, the flesh of whfch was good to eat. Screens and Weather Strips .MUT Beale Ave. I'bojie Hi).. VELVEETA A NEW CHEESE For Sale By Your Grocer NEW NKCKWEAll J3VE»Y SATURDAY Chinese Yellows 1.50 English foulard silks, sparkling with gayety and of a luster-, and richness most becoming to the new sports apparel. leopold Send our Has Lag* The n Lauti Cost I PHONE S. M. Griffith Co. WAJLL PAPEIl 905 Green Avenue 40% Saving On Unredeemed Diamond* ABE COHEN 1122 llth AV«. FUkNITURE CO, 907 8tb Ave. Dial S-88M "Just a 1-lttle Out ol the W«y, But Less to Pay" ! %L 8f • KVKUV OAV IS OOLLAH BAX [OLDEN ~ ywM -- — '' LV , JMT s&oigs /A 1212 ELEVENTH AVENUE ,,/••<* ABC Electric Spinner ABC Playiriaid Have a demonstration of theae Washers. J. E. HEAPS ELECTRIC CO. 1004 Chest. Ave. Phone U-IMZ Westmont Bread UA1LI At Your Neighborhood Grocer WESTMONT BAKERY CASANAVE'S Entnbllshcd 60 Tear* Leather Traveling Goods Trunki—Umbrellai 1213 ELEVENTH STREET Opposite PostofTlce The Hit P weae . operate noiselessly have been installed for its operation. $100,000-VKET. LONDON. May 31.—Georgina Lady Sholto Douglas is said to have the smallest feet in London and they have been insured for $fOO,000. She is a stage star and her feet are used to ballyhoo the show in which she is appearing. Her feet, however, aren't small enough to hold tt husband very long, for she has been married four times. DIVOKCK'S KASV. COPENHAGEN, May 31.—Marriage is hindered by more obstacles ill Denmark than divorce, and because of this many persons outside the country are comi'nf; to Denmark to secure a divorce. Much red tape is necessary to secure u marriage certificate, while mre In Altoona This Week! Nautical but Nice! • creased 24 per cent from the same period of 1&29. It was 11 per cent lower than in the first three months of 1828. With its independent ponition an to raw materials, manufacturing rapacity and technical skill, the United States is the last country in the world today that should need tu impo«e higher than existing tariffs to protect home industries. granted. BANKING DAY IN SCHOOLS AIM MS SCI1UOJ,. Mabel Young Klizabeth IHley Sara. Kay Elizabeth Carnill Kita MI.-DUIIJIC-H Helen Bell Oldie Brumbaugh . .. Winifred Hlli-man . . Ella B Tyk-r Clruna Coppersmith Kdna Hou»er Belle Wuorntr Beulah Brumbaugh . Today's bunl.iiig . Total to date Skin Itching Ends «• hen soothing Zemo Is used! Hight from the lirst touch, antiseptic healing Zemo takes the itching misery out of mosquito bites, rashes, and many other skin afflictions. Try it also lor itching, peeling toes. Bathers and other outdoor folks •2 ID thank cooling Zemo for relief from 4 37 sunburn. Douse it on ivy-poisoning. 9 41 Pimples and dandruff fade when safe, U 10 ' antiseptic Zemo is applied. It in- 3.«i i stantly eases razor-smart. Always fc.44 i have Zemo nearby wherever you go. 1.1'jiAny druggist. 35c, 60c, $1.00. 4 liii a.&u $ til.77 Typewriter Desk Special Bargain TheH.W. McCartney Co. IIU3 lllli Atf. Alliiiniii. fa A Large Selection of GIFTS for Graduates 50c to $15.00 V\ t; ^ptcialiie in training JJipJumas KOCH&TOOLE 1316 Twelfth Ave. CLARA The Charging Comedienne Now! The Great Emotional Actress! f"~ A new thrill for Nancy Carroll fans. She is truly an inspired Nancy in this turn-about from light, tuneful screen fare. A drama that will stir the very heart of humanity. A fast and furious modern merry-go-round of falsehood and frame-ups, romance and realism. Peewee FREDWC MA&CH, HAB.R.V OWEN d ^paramount (picture Clara Sings! With her voice, her eyes, her whole body! In a fleetful of sweethearts she finds "There's Only One Who Matters." She fights the Navy for him. Remember Fredric Marsh in "The Wild Party?" He's her boy-friend again. And Harry Green's a riot in a real comic role! Pathe Comedy "Pick 'Em Young" "EARLY BIRD' A. M. » j \. t e NOON Adults lac MATINEE DAILY It.W) NOON B.OO 1*. M. Adults 25c Acts! Sound News! SllOW SUNDAY MIDNIGHT! Devil's Holiday *1t M HOLMES—H.OBART BOoV. ORTH—JAME IRKWOOD-^AUL LUCAS—NED SPARK VITAPHONE RUSSIAN COSSACKS BERT ROACH AND CARMEL MYERS (HKISTli; TAI-K1NO 1M-AV "THE STRONGER SEX" PARAMOUNT SOUND NEWS ^rc-y^w-:^^

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