Altoona Mirror from Altoona, Pennsylvania on November 8, 1929 · Page 29
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Altoona Mirror from Altoona, Pennsylvania · Page 29

Altoona, Pennsylvania
Issue Date:
Friday, November 8, 1929
Page 29
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,,.8. 11 {*sr'i-iffi- THE ALTOONA MIRROR— V RIDAY. NOVEMBER 8, 1929 ^BEHIND SCENES IN BUSINESS WORLD . ' By JOHN T. FLYNN. NEW YORK, Nov. 8.—An excellent example of the thing which the stock /market had done to stocks is seen in the agricultural implement group. I give here the yield on the four leading companies' stocks as of the days immediately preceding the break. Caterpillar Tractor Yield, 4.03 Case Co Yield, 2.27 Deer A Co Yield, 1.01 Int. Harvester Yield, 2.29 These are the records of companies whose earnings have improved and after the improvement has been able to make itself felt in the market, In •most of these stocks to have an outright investment value they would have to either double their earnings or ( the price of the stocks would have to be cut In half. The Industry itself has shown Improvement. Sales thus far exceeded the returns for 1928 and these were excellent. Earnings have been better and will show an increase of from 5 to 10 per cent gain over 1928. But while sales have increased around 20 per cent and earnings 5 to 10 per cent, stock prices have gone up as much as 40 per cent. ' It was Inevitable that price had to come down. The outlook for the business is good but not good enough to hoist earnings to a point 100 per cent above present levels. It will be seen that, notwithstanding the break and the drop in prices, these stocks went down to points when they still were at points which did not afford investment returns. Part of the, market drop was pro- V duced by a necessary . readjustment V-'fVocess. But the declines of Monday f and Tuesday of last week were hysteria. And yet in spite of these powerful factors, there were stocks which actually failed to get down to Investment levels. THIS AND THAT. A man who weighs 200 pounds on the sun. In Chicago, before Judge Frederick Elliot, appeared one Prince, four- months-old German police puppy, as star witness in a dispute as to which of two men was his master. Prince was led into the center of the room, released. His professed owners were at each side of the room. Each of the men whistled. The puppy gazed around the room, ran to the bench, licked' the judicial hand. . * * * In Malmesbury, Union of South Africa, a young white woman gave birth to six babes, all of them sons. Three of them died soon -afterword. • • • In Chicago, delegates at the Institution of Meat Packers displayed bottles of colored liquids. Purpose: to dye the skins of "hot dogs" in seven shades, from blonde to brunette, with any color combinations. • * • In Chicago, one Philip Keafta, aspirant to the post of city dog catcher, with fifty-two other aspirants, raced around a large room In the city hall, demonstrating his ability to capture cannlnes In a b- jk yard. During the course of events, he fell across a wire hazard, sprained his ankle. He qualified, however, and when he emerges from the hospital he will be city dog catcher. Salary: $2,200 per year. . * *. In Atlanta, Ga., Mrs. H. H. Reid chains her husband's car to the back porch to keep him home on Sunday afternoons. DATE SET FOR INQUEST INTO DEATH OF WORKMEN PITTSBURGH, Nov. 8.—The inquest into the accident which killed four men at the National Tube Company works, McKeesport, Oct. 14, will be held Nov. 14, it was announced at the county morgue today. The accident occurred when a large ladle loaded with molten metal overturned and trapped the employes working beside It. One of the men died almost Instantly, and the others succumbed shortly afterward In the McKeesport hospital. \. Real figs . . . real goodness in the cake... make the only real Fig Newtons . . . they're » baked only by "Uneeda Bakers" "Uneeda Bakers" Fig Newtons Also told by the pound. NATIONAL BISCUIT COMPANY T There's an advantage in selecting your Christinas Diamond ' NOW ! You have a greater •election of mountings to choose from, much more time to do it in, and we can give you our undivided attention. You may have it laid aside until Christmas if you wish. CASH or CREDIT HERMAN'S 1311 Eleventh Avenue EsL Since 1900 Cavalry Officers' Wives Play Poh Polo I* •» woman'* game at Fort Bliss, Tex., big army cavalry post on tho Mexican border, nml three young ladle* are showing much nptltmlc for the sport. Above, left to right, are Mrn. Thomns O. Hnnnnn, Mr*. George P. Cummlngs, Mrs. Theodore M. Volfrht, Mrs. Harry E. Dodge, all wives of captain* of tho 7th cavalry, and Miss Peggy Stafford, daughter of Captnln Curtta I,. Stafford of'the snmo outfit. They already have beaten a team of women players from the 8th cavalry twice. RICHMAN BROTHERS .1313 llth AVE. ESTABLISHED 1879 All you want in an OVERCOAT ... at half the price you thought of paying Raglans, ulsters, double-breasted box and velvet collar overcoats ... faultless in style and Pit. Luxurious fleeces in new browns, grays and heather mixtures . . . blue and Oxford Meltons . . . sturdy Boucles and tweeds ... fancy back overcoatings ... all the new patterns and colorings in sizes to fit men and young men of any build. Quality only Rich man Brothers volume and direct-from- factory selling could give you at this price. ANY BUSINESS SUIT, OVERCOAT OR TUXEDO SUIT AT ONE STANDARD PRICE THE RICHMAN BROTHERS COMPANY 1313 Eleventh Avenue No Charge for Alterations Odd Trousers $3, $4, $6 Open Daily, 8 A. M. to 5:30 P. M. Saturdays, 8 A. M. to 9 P. M. I. 0. C. RECOMMENDS OUT IN COAL FREIGHT RATES WASHINGTON, D. C., Nov. 8.— Downward revision of freight rates on coal from the anthracite district of Pennsylvania to northern New Jersey destinations was recommended in an examiner's report to the Interstate commerce commission. Reasonable rates proposed for the future ranged from $1.89 per ton for prepared sizes shipped 85 miles, to $2.4j6 per ton for coal shipped 1,170 mllns. Rates on pea coal and smaller sizes were proposed on a corresponding scale. Proposed Increased rates filed by the railroads were held by the examiner not justified. The new Cnlnene knew the direction finding powor of the loadstone before the Europeans devised the real mariners' compass In 1300. PROHIBITION AGENT SHOT BY MEN (WARDING TRUCK TOLEDO, O., Nov. 8.—Four gunmen accompanying; a truck allegedly loaded with liquor, shot and killed Deputy Marshal Ralph Zahnle, aged 34, yesterday when the deputy and a companion attempted to stop the truck. The deputy, father of three children, was killed as he sat in his car. He had not fired a shot. Zahnle had been a truck driver and left that work to become a deputy only three months ago. He had fought in five World war battles without receiving a scratch. YOUNG AUTO THIEF. JACKSON, Mich., Nov. 8.—A 9-year- old boy who admits having stolen ten automobiles, is under arrest here. The youngster was arrested Wednesday night after his father had IntomtjS police the bo* had run . away from home. Tho child was driving ft small truck when taken Into custody; ALTOONA RADIO 1.118 12th Ave. RADIO ft ELEC. CO. Dial Ml* TON TRUCKS AT LOW HATES ALTOONA DRIVE YOURSELF COMPANY 1020 Green Ave. Phone 2-SZOO ,,U, v,( Why not have the furniture you need? A visit to our store will surprise you at the low prices for quality furniture. Listed here are a few of the scores of remarkable specials for tomorrow's selling. Fine Desks $19.50 Quaint spinet style desks, richly finished with genuine mahogany veneers. A saving. <$> .. Table Lamps $8.95 Beautiful vase base typo table lamps. Choice of silk or parchment shades. In Mahogany $1.25 These convenient end tables, strongly built and finished in mahogany color. Odd Buffets $29.00 Odd buffets, 60 inches long and finished in genuine walnut veneers. Only 2 at this price. 4-Piece Bedroom Suite 9 Pieces Walnut Veneer Here is a very unusual value—four beautiful pieces, beautifully fashioned of American walnut veneers and other fine cabinet woods. Special at $ 105 A stately suite that expresses hospitality in every graceful line. In eluded are a buffet, a china cabinet, extension table and six chairs. Save at ;:$ 109 Convenient $22.50 Here's a real utility cabinet and a convenient working table with porcelain top as pictured. Kitchen Stools $1.39 Metal kitchen stools with back. These stools are bolted and riveted together. Very strong. Dishes $3.59 32-piecu sets of dishes special for tomorrow. Be here early. Limited quantity. STEWART WARNER RADIO New 900 Series" 145 Complete Don't be content to buy an ordinary radio. Buy this new Champion of the Air—"the set with the PUNCH." Its performance surpasses that of sets priced vastly higher. Hear its clear, rich voice. Volume without distortion! Realism unmatched. Come in and see this marvelous radio today. Circulators $36.50 Circulating style heaters. One of these efficient heaters will circulate warm air through several rooms a Utility Cabinet $11.95 These convenient cab- Ineta afford you a place for your broom, duster, cleaner, etc. Buy Now $2.65 Odd variety benches, upholstered in tapestries. The finish ll walnut. 3-Piece Velour Suites 3 Pieces Burl Walnut A luxurious group, with attractive serpentine fronts, rich velour upholstering, reversible spring filled cushions and spring edge construction on all three pieces, at 95 This bedroom suite must be seen to be appreciated. Burl walnut fronts, plate glass mirrors, drawer guides and dust-proof construction throughout. Three piecea special at 89 <*> Comfortable $10.50 A convenient and comfortable occasional chair at the lowest price imaginable. Ferneries $2.45 Sturdily made fibre ferneries in a choice of colors. Buy one now. Felt Base 47c Per Sq. Yd. Tomorrow wo offer tho new patterns of felt base floor covering ut this saving in prk-e Velvets $22 9x12 foot size velvet rugs in a choica of patterns at this «pe- cial price. The STANDARD FURNITURE CO, 1407 ELEVENTH AVENUE

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