Altoona Mirror from Altoona, Pennsylvania on June 3, 1930 · Page 20
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Altoona Mirror from Altoona, Pennsylvania · Page 20

Altoona, Pennsylvania
Issue Date:
Tuesday, June 3, 1930
Page 20
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ARKETS FOR TODAY iltf ARD DRIFT IN STOCK PRICES ALT 0 ON A M t ft >.6 »•? * tt «l A A V, 3M IS &..JM» Itetnely Light Trading Confined Mostly to Operators Oft Floor—Expect Cut In Steel Tonnage. COUNTRY NOW GROWING LESS DEPENDENT ON N. Y. BANKING 4 1 r •n *, By GEORGE T. HfGHES. (Copyright, 1930. by Altoona Mirror.) WALL STREET, NEW YORK, June 7$.—An Irregular and uncertain down- ' Ward drift of prices characterized the ! more stock market today. Trading was as i the fuUlr( , llia ' n in tlie past when con- light as at any time in the recent past j fl . onled w j ln large-scale banking and By B. C. FORBES. Jim Brown of Louisville and Rogers Caldwell of Nashville, two of the south's most enterprising and progressive financiers, announce the wedding of interests which gives them control of southern banks and insurance companies having combined assets of $615,000,000. | This illustrates an inevitable—and i desirable—revolution now under way! throughout the country, a revolution which will tend to make every section independent of Wall Street in | and for the most part confined to I operators on the floor. The day's Industrial news was much mixed. From the steel trade reports were not encouraging. It was said that there would be another decrease in unfilled orders of the United States Steel corporation in the statement to " bfe released on June 10. showing conditions at the close of business on May 31, and it was added that operations j •were likely to be reduced in the near future. United States Steel was heavy but not weak. During the morning it sold a point or two under the preceding close. On the other hand operations . for the rise continued in Colorado fuel, •which sold at the best of the current movement. On Monday reports were revived of a combination between Republic Steel and Colorado Fuel, which reports have hitherto always been denied by the' Eaton interests. Today the story was that United States Steel •was interested in the property. However, that may be, the stock stood out as one of the few able to attract a t following in a market -of extreme dull- iinancing projects. ' McKeesport Tinplate was In demand for a time. Only last week the directors declared an extra dividend of 50 cents a share in addition to the regular quarterly of $1 a share, so that the yield at the present market is generous. McKeesport is doing a larger business now than a year ago. It is the second largest producer of tinplate In' the country, being exceeded only by United States Steel, and inasmuch as there are only 300,000 shares outstanding, the price responds to any substantial buying. Today's New York Quotations. , .Quotations furnished loi Altoona Mirror by West * Co.. members of Philadelphia and New York Stock exchanges, local office, First National Bank building. High. KAILS: Atchison 227% Low. Close. 1121 50} 813 175 224 111 49 Vi 212 173 45% 45Vi 87% 87% 113 112% 174-Ji 173 239 239 80% 80 Vi 224 112 50 V 212 : ' 174 87 % 112T3 174 239 80 Vi Baltimore and Ohio Canadian Pacific .. . Chesapeake and Ohio Delaware and Hudson Erie Great Northern .. . U'Mw Haven i* New York Central .. W Norfolk and Western * Northern Pacific ... * Pennsylvania 78 Yi 77% wRock Island 118M, 116Vi 116% mBt, L,. and S. F 11 I'A 111% 111% * St. Paul, Com 19% 19 19V4 *St. Paul, Pfd 31% 30% 30T, f Union Pacific 226Vi 225% 225% Western Maryland .. .. 31 2914 29 Vi * INDUSTRIALS: 2A. T. and T. Rites 21 Vi 20% 20% "Allis Chalmers 62 61 Vi 61 Vi "American Can 148% 146 146 *Amer. Foreign Power 88 86V4 86% ''Amer.,-Locomotive 58Vi 58V t 58% •J*Amer; T. and T. 232'A 230 V4 231-;i WBaTdwin 27% 27% 27% 3 <iBendlx Corp 42% ~ jBovert 20% »Columbia Gas 83<>i ->i L Columbia Gramaphone 28'.K „ Cpngoleum 14 ';i _ Continental Can 67 "SEirtlss-Wright 9';i avidson Chem 35 42 19Vi 83 H 27 Vi 14 Vi 65 Vi B'.i 35 42 20 83V» 27% 14% 66 9% 35 "Dupont de Nemours 130V4 129% 129% ' Elec. Storage Btry 72 * Elec..P. and L 94% ; 5Famous Players 70V* j iSJTreeport Texas 48 <.*General Foods 60Vi • giGeneral Elec 83Vi • General Refractories 84% JrGeneral Theatres 46% »- Ooudrich 11 «Goodyear 87% m Intl. Combustion ....: 9 'A JlntL Nickel 32% "Kelly-Springfield 4U ~ Kreuger and Toll 32 Vi . Lorillard 24 Ti 'May Dept 52% 70% 92^ 69 Vi 47 -ii 59 tt 81 ti 83 % 45 V, 40% 85 % Slid 24 >,i 52 ~ aus.y A^CJJL u* -.'e f. * Montgomery-Ward 46*i 45 V ** tJntinnnl fSiuh _.. fin-^i 60', 'National Cosh 60- 1 Dairy 60% 60% 59% 72 93 Vi 69 Vi 48 60 Vi 81% 83% 46>.i 40% 87 8% 31% 32 '* 24 Vi 52 •15',; 60 Vi 60 Vi i »North American 127 125 Vi 127 >*^ m T>l.h Bat-ulna V .7 11 *. V. 11 "A iii 11 N. J. W Pub. Service, "Radio 53Vi * Radio-Keith 42*; <• Bemlnston-Rana 35 ! ,i »U, 8. Rubber 32 - Sean, Roebuck 88 • ackuite. A 8*; • Standard Gag 118 * Standard Sanitary 32 V-j i-TejJks Gulf 30% T/nited Aircraft 77'.» "United Corp 45% 'United Gas. and 1 44% 115 <i 113% 11 Vi 'Utilities P .and L. A . Warner Brothers .... Weitlnghouse Airbrake WwUngbouue Electric 41Vi 64 Vi 43 U 180- ; ' Woolworth .......... 64 % HOTOKS: 'Auburn ................ 167 Chrysler ................ 35 '.i "General Motors .......... 50% "araJmm-Paige ............ 8V* 'Hudson 43Vi * Hupmoblle 18% jMacJt •^ Harmon * Nash Packard 'Beo t Btudebaker ... ViUys-Overlitnd 7', «Jlow Cab 27% STEELS: 71 ->i 19% 40=, 17'.; 11 , W Ye Bethlehem Cut Iron Pipe .. Colorado Fuel .... , Crucible «OtU 4 Reading C. and I. 4 Republic • Trioeue William 95 U 36 Vi 69 76% 29% 24'~ 59'. 17 .•U. S. Steel 172' ,r Vanadium 123- f Warren Foundry 4 J ' "• COPPEHb: «Amer. Smelling .... ... 51 41% 34% 30 Vi 87% 8% 116% 31 vi 35 39 Vi 74 »i 44% 43'i 40 Vi 83 U 43% 178% 63% 160 33 -. ;t 48', 8 42'i ' 18% 69 Vi 18% 39 Vh 16% 11 36% 7% 26% 93 "i 35% 66 vi 76% 29 % 24 57% 17 109 Ti 121 41 C*lumet and Hecli . * Cerro de PBBCO .... * Ortnby * Great Northern Ore "JnsDlwtion 20 * Kenn*cott ' Migma Copper "Wijual 51 Vi 43 35 30 Vi 87 Vi 8% 116% 31% 35 39 % 74 "1 44% 44 41 63% 43% 178% 63% 163 31 4S>'-i 8% 42% 18% 71 18 7 i 39% 16% 11 3«Vi 7% 26% 93% 35% 68% 76% 29% 57% 17 170 Vi 121 41'.i 71 vi t* Fete Oil leld Oil •SUell Union *HkHiy on «fitkud»rd oil i ^ ittjuidtrd Oil N *M*ndard Oil K f Sun Oil 36'., 21 ' 27: *<*IM. l,7»5,5i>u i.aict Mono'- 3 pvr tent. w» As 29% 27% 01 % 37% 22% 22 20% (iO 57 " 20 U 13-, 58% 43 27 26% 103 25',.. 18% 2'J% 27% 62 % 37% 22% 22% 21% 27% 3V, 70 'i 6.', '. Oh 17 Just as the drift has been towards greater and greater reliance upon Washington in matters political, so the country was threatened with a stronger and stronger drift towards Wall Street in matters financial. declines were widened until the list stood D to 12 cents lower. with me turnover uround VUU Dales, trade WHS lairly active. o£ tne saitri originai.yu liom commission housed and irude connections. Importers and broKers were ouying. Production (uttmaies put me cocoon quantity ut 1U per | cent more man last year. Yononaba lu- | tures were 53 to til lower and Kooe lutures . 2V to « lower. Stocks of raw sllR at Mlllan were reported mounting, one estimate placing the May 2U total at 353,281 kilos compared wltn 301,233 kilos In the previous week. New York Produce. NEW YORK, June 3.—Flour dull and I easy; spring patents, $o.80tf*«.20 per barrel. .fork quiet; mess, $32.00 per barrel. Lard easier; mlddie wesi spot, . lOuo per pound. Tallow quiet; special to extra, per pound. Petroleum easy; New Vork refined, 15c per gallon; Pennsylvania crude, $Y.y&iy/$2.3U per uarrel; turpentine, •l?%ctu"18%c per gallon. Hides (common) steady; Ceritral America, 12c per pound, cucutas, 14c per pound; Or- inocos, u%e per pouna; Maracalbos, 12%c per pound. Hides (city packer) dull; native steers, 15c per pound; uutt oriinus, 14%c per pound; colorados, 14c per pound. Potatoes steady; southern, J2.5(Xrf$6.00 per barrel; Maine, $3.50ti$4.90 per barrel. Sweet potatoes, demand good; Jersey, basket, 1.055J $3.25; Southern, basket, $1.23(«' $2.50. Grease quiet; brown, 5',ic; yellow, 5Vic; white, 5%c4jS«ic. Dressed poultry (cents per pound (—Irreg- : ular; turkeys, 2ocl«.43c; fowls, 14c5/'29cj | chickens, I(c(tf44c; ducks, Long Island, 19c 'U 20C. Live poultry (cents per pound)—Steady; geese, Ii;c<itl4c; ducks, 14c(&<23c; fowls, 17c »j27c; turkeys, 15ciU2oc; roosters, 12c<j//15c; broilers, 16c<(H5c. Cheese (cents per pound)—Dull; state whole milk, fancy to specials, 24c&26c; Young America. i9c&25e. Butter (cents per pound)—Market easy; receipts 31,600; creamery extras, 32%c; special market, 33c5/.33%c. Eggs (cents per doz.)—Market steady: receipts 64,096; nearby white fancy, 29c(r^ 31%c; state whites, 25c<^28c; fresh firsts, 22%cffl23%c; Pacific coasts, 27Vic&34c; nearby browns, 24%c®30Vic. Metals Exchange. NEW YORK, June 3.—June 30.25, offered; July 30.35, offered; August 30.50, offered; September 30.65, offered; October, 30.80, offered; November 30.95, offered; December! 30.95-31.00. In the outside market copper j for the domestic trade Is 13, for export 13.30; ' lead 5.50; zinc 5.00. ColTee Trices. NEW YORK, June 3. — Coffee futures opened lower. July 7.85, off .10; Septtem- I ber 7.64, off .06; December 7.40, off .05; ! March 7.25, off .06; May 7.15, off .05. San- , tos futures were unchanged while RIo's were ; 200 to 350 rels lower. Klo 7s on spot 9, Santos 4s 13V4-%. , Pittsburgh Produce. PITTSBURGH, June 3.—Butter—Nearby tubs, 92 score, extras and standards, 33Vic; 8U score, 31',ic; 88 score, 29Vic. Eggs—Nearby firsts, second hand cases, 21M.ciij<22c; extra firsts, new cases, 22cto 22Vtc; nearby hennery whites, 22%cii)23c. Live poultry—Hens, 20c(L"25c; broilers, 25c @40c; roosters, 15c; ducks, 16ciij)25c; geese, 10c(s<12c; turkeys, 18ci<24c; fresh -killed hens, 33C&40C. Pittsburgh Livestock. PITTSBURGH, June 3. — Hogs, receipts 600; market strong to 5c higher; 150-210 Ibs., $11.005J>$11.10; 220-250 Ibs., J10.75!iJ) $10.90; 100-130 Ibs., $10.50@$10.60; sows, $8.50 to $9.00. Cattle—None. Calves, receipts 50; market steady; top, vealers, $12.00. Sheep, receipts 250; market weak, tendency lower; medium to good yearlings, $10.00 fy$10.50; choice lambs quoted $13.00. Philadelphia Produce. PHILADELPHIA, June 3.—Peas met a good demand on the local market today and nearby stock sold at $1.50&<$2.00 per bushel. Asparagus prices declined with Pennsylvania stock ranging from J1.2Sii$3.60 per dozen bunches. Beets were slightly weaker and sold at 2c(a4c per bunch. Rhubarb at lc(g'2c. Green vegetables were weak and sold slowly. Spinach, turnip greens, escarole and collards sold at 10c!i!-25c per bushel. Lettuce was dull with Big Boston bringing SOcijiSl.OO per crate and 30cr«50c per bushel. Strawberries were somewhat weaker due to more liberal receipts. New Jersey berries sold at $2.50iic$5.00 per 32-quart crate with extra fancy stock as high as $6.50. The tirst New Jersey sweet cherries arrived today and sold at loc per pound. Butter—Market displayed a steadier tone. 93 score, 34%c; 92 score, 33%c; 91 score, 32?ic; 90 score. 31c. Eggs—Prices advanced % cent on nearbys with market tone steady. Graded nearby whites held 25c(y26c; mixed colors, 23%c<i> 24Vi;C; westerns, 25c<& 25%c. • Chicago Uvestuck. CHICAGO, June 3.—Hogs, receipts 25,000, including 7,000 direct; mostly steady to lOc higher than Monday's average; fairly active; top, $10.55; a new high since April; bulk 160-300 Ib. weights, JlO.lOftf/JlO.60; packing sows, $9.15 (3$9.65. Butchers, medium to choice, 250-350 Ibs., $9.85^110.40; 200-250 Ibs., SlO.OOSi $10.55; 160-200 Ibs., $10.00iJ» $10.55; 130-160 Ibs.. $9.90(ij.$10.50; packing sows, $9.00<u $9.75; pigs, medium to choice, 60-130 Ibs., $9.25fe$10.35. Cattle, receipts 8,000; calves, 3.000; mostly steady market with weighty steers fairly active and firm: she stock very slow but scarce. Slaughter classes, steers, good and choice, 1,300-1,500 Ibs., $12.50S)-$14.25; 1,100-1.300 Ibs., $12.00'.i $14.00; 960-1,100 Ibs., $11.75«i$14.00; common and medium, 650 Ibs. up, $b.00;li $12.50; fed yearlings, good and choice, 750-950 Ibs., $11.50^ $13.50; heifers, good and choice, 850 Ibs., down, $10.25^j $12.00; common and medium. $7.00!0 $10.25; cows, good and choice, $8.00 Si $10.00; common and medium, $6.75 r y $8.00; low cutter and cutter, $4.75<&$6.75; bulls, good and choice (beef I $7.65liJ $9.00; cutter to medium. $6.50':! $7.65; vealers <mllk-fed> food and choice. $11.00'a>$12.75; medium. $9.00'<; $11.00; cull and common, $7.00 ji $9.00; stockers and feeders, steers, good and choice liill weights) $9.75S $10.75; common and medium, $7.50''i $9.75. Sheep, receipts 11,000; market slow, lambs around 20c lower; yearlings steady; native lambs. $13.00 Li $13.25; fed, $13.35& $13.50; top yearlings. $10.60: few heavies, $9.25; fat ewes steady at $5.00ii $5.50. Lambs, Kood and choice, 'J2 Ibs. down, $12.50'*^ I $13.50: medium, $11.00*; $12.30; cull and I common. $9.75'i $11.00 ; ewes, medium to j choice. 150 ]!>». down. $4.00 'u $5.75; cull and common, J1.75^$42D. (,'hicuyo i'ruducc. CHICAGO. June 3.—Kiigs, market steady: receipts 20.5.06 cases; extra firsts, 22 1 ,. J c; tirots, 21V~c'!/22c: ordinaries, 19c519'.ic; Butter, maiket hnm-r: receipts 24.019 tubs: extras. 32 ; ic: extra 30c'y30VvC: rjrtjts. 28c V 2tK; btconds, 2bc'^27 ! ^c; standards, Poultry, market suady: receipts 1 car; (owls. iyi : springers, lye: Leghorns. 10' 1 : ducks. !.';< Bucoe. 12c: turkeys. 30c; rooat- tir.v lot:'•( l.'j' <•: broilers, 26c'j28c. Twins, ITci/lT^c, Young Ani'r- Whenever any big amount of capital had to be raised in any part of the country, recourse was had to New York. The two main reasons for this were, first, that New York had almost a monopoly of the machinery and means for supplying funds in many-million quantities, and, second, that bankers in most other sections had neither sufficient money available for such purposes nor the facilities or experience to conduct the operation. Now huge financial institutions are being brought into being, usually through consolidation, in many parts of the continent. Not only so, but with the means has come the will to undertake financial deals on a scale never before contemplated. This creation of powerful financial institutions, and groups of institutions, is distinctly healthy, since it will enable the rest of the country to function more independently of Wall Street. The new condition is wholesome in Wall Street's own long-range interest. Nothing could be more undesirable from every point of view—industrial, financial, social, political—than the complete domination of banking and financing throughout every corner of the continent by Wall Street interests. It would breed acute discontent. It would militate against the springing up of financial giants throughout the land. It would not facHUate the soundest expansion of enterprise at points far distant from the financial metropolis. The whole economic ground-swell being towards bigness, there is not the slightest danger that the evolution which has set in will deprive the gigantic banking and investment organizations in Wall Street of a generous share of the total business. There will continue to be occasion for capital issues and other banking operations on a scale swlngable only by the strongest financial houses in New York. The Brown-Caldwell announcement, from Louisville, reads: "Rogers Caldwell, president of Caldwell & Co., Nashville investment bankers, and James B. Brown, president of the Banco-Kentucky company, announce that Banco-Kentucky has acquired a half interest jn Caldwell & Co., and that Rogers Caldwell .has acquired a substantial interest in Banco-Kentucky, creating a financial structure controlling banks and insurance companies with combined assets of $615,000.000. Thus is created one more banking giant outside of New York. i_ California has its Transamerica corporation, the child of A. P. Giannini, controlling resources of over $2,500,000,000. Chicago has its billion-dollar Continental Illinois bank and Mel Traylor's half-billion First National bank. Boston has its First National bank—Old Colony Trust group, with resources exceeding $875,000,000. Detroit has Its Detroit Bankers company which, with its affiliations approaches the billion-dollar class, and the metropolis of motordom also has the Guardian Detroit Union group of more than half-billion magnitude. Buffalo has its giant Marine Midland corporation. Minneapolis has its Northwest bank corporation, and its shares with St. Paul the first bank stock corporation, each near the half-billion class. Philadelphia, Cleveland, Milwaukee, Pittsburgh, Atlanta, Syracuse, Tulsa, Seattle, Kansas City, Portland, Ore., Savanna. Georgia, are among other cities not possessing financial institutions of outstanding magnitude. The more self-sustaining every part of the country becomes financially, the sounder and swifter should be our national growth and progress. (Copyright, 1930, by B. C. Forbes.) DAY'S ACTIVITY IN GRAIN MARKET By GEORGE C. SCHNACK, (Copyright, 1930, by Altoona Mirror.) CHICAGO, June 3—An easy tone prevailed in today's quiet and uninteresting wheat market. Private crop reports had little influence on the trade. Weakness in Liverpool accounted for early selling and after a moderate decline there was some buying credited to Winnipeg account and influenced by reports of high winds causing deterioration in the Canadian crop. Corn held firm with the feature the covering of a good-sized line of short July corn by a local operator. Commission houses sold on the upturn and most of the advance was erased later. Oats were firm with corn. Buying was influenced by improved cash demand with shipping sales again over 100,000 bushels. Private crop estimates indicate a crop of 1,304,000,000 to 1,341,000,000 bushels and an acreage increase of from 2.5 to 3.6 per cent. Provisions were higher with hogs. Open. High. Low. Close. WHEAT— July Sept Dec CORK— July Sept Dec OATS— July Sept Dec RYE— July Sept Dec 106 % 107 "i 108% 107% 109% 111 Id 109'/. Ill 114 115',i 113% 115M, 81% 82% 76% 43% 63 67% 71% 81% 83 77% 40 r 40 3 •13-- 63 67 72} 81% 82% 76% 43 IK 1 '. 66 a , 71% 81% 82 3 , 77% 40-' 1 .; 40% 43% 63% 67% 72% .NAME HEALTHIEST J'AIlt. TOKYO, June 3.—The son of a butcher and the daughter of a cliar- coai dealer have been adjudged the healthiest school children in Japan. The Asahi. a Tokyo newspaper, recently completed a survey among 950.000 school children and announced that physicians had found that Chigco Motisuki. 13-year-old son of a Kobe meat dealer \vas the healthiest boy and Kazuko Takiya aged 13, daughter of the owner of a charcoal shop in Nara prefecture, the healthiest girl. JCMje* Strvit* **>rU a! tJniln.'i *?!n«r»»4 Corp HJllJ MA 11 hi I. I at, lb'_ JVEW HANK VOKK, Haw bilk. NBHf YOKff. June 3 The «cti today u.J m laui Vork York ban fed. CI.tAKJ.VtiS. June 3. - New . $1.7»0.0<JO,<KM; .:. -«, $221,000,000; Vuik New New lue I $2.07,000.000. -ial n-strvc credit balances. All Kindt of Dependable INSURANCE W. L. NICHOLSON J.lppman lildg. Illh .\\e. and 13th St. Altoona ^f* SOME DEPRESSION ON BOND EXCHANGE By F. II. BICHARDS03V. (Copyright, 1930. by Altoona MirroV.) NEW YORK, June 3.—Though volume picked up a little in bond trading today, the domestic section had a sagging tendency, with much of the activity confined to foreign descriptions. There was a total of $38,850,000 of new flotations, the largest in any day for nearly two weeks, and this, had a depressing Influence. New issues included $14,040,000 Chicago, Rock Island & Pacific 4% per cent equipment trust certificates maturing from December 1930 to June 1945. Since there is a steady demand for such high-grade securities, the offering yields ranged from 3.50 to 4.60 per cent. Of the remainder $8.310,000 consisted of municipals put out at prices to yield 4.09 to 4.40 per cent. There was also a $5,000,000 city of Brisbane, Australia, offering of 6 per cents priced at 96%. High-grade bonds held well. Buying of Liberties pushed the first and fourth 414*3 up 3-32 and there was fractional improvement in Northern Pacific 4's, Great Northern 7's, Ches- peake & Ohio general 4%'s, Standard Oil of New York 4%'s, Standard Oil of New Jersey 5's, and Utah Power & Light 5's. Philadelphia & Reading Coal & Iron 6's featured the stock privilege section, dropping slightly In haavy turnover. Most convertibles were off in sympathy with the dull tone in stocks. FRENCH SPLENDORS PROTECTED BY LAW By JOHN WIIITK, Staff Correspondent. PARIS, June 3.—In tho confusion of falling governments, budgets and naval conferences, the French parliament has managed to pass a law which settles a controversy of many years' standing. That law dooms the billboard—dooms, in fact, tho indiscriminate building of anything that is not beautiful to look upon—by setting apart the scenic and natural splendors of France as forever immune from man's industrial progress. For years France has jealously guarded buildings known as "historical sites," forbidding even the owners the right to alter them, and forbidding the sale, except to the state, and at a price fixed by the state. But stretches of implanted terrain, fields, river banks, roadsides and the like did not come under the old law. Then came the post-war period of industrial expansion and certain evil features of the so-called "American influence." Factories sprang up along the banks of the principal rivers, chiefly the,Seine, which cuts squarely through tho capital and its contiguous industrial suburbs. Billboards and electric signs came to advertise the products thus produced. A few romanticists protested, but their voices were Unheard. Until someone suggested installing a huge hydro-electric plant on the historic promenade which skirts the Seine at Saint Germainen-Laye, hard by the no less historic Pavilion Henri IV. Then Frenchmen rose as one man and demanded that such a thing be made forever impossible. The new law provides for establishment of commissions in each department, with a "superior commission" in Paris, presided over by the minister of fine arts. Under its terms no person can excavate, build, destroy trees, or in any other way mar the natural aspect of his property with- o,ut submitting his plans to a committee of architects and obtaining their approval. Thus France Insures herself against the sacrifice on the altar of so-called progress of the heritage of generations. ORIENTALS BELIEVE AL CAPONNE RULES CHICAGO CHICAGO, June 3.—Although his recent travels have been limited to hurried trips to Chicago and Miami, with a brief sojourn in Philadelphia, 'Scarface Al' Capone is as well known in the orient as he is here, says Major General Milton J. Foreman, who has Just returned from a round-the-world trip. And although the Chicago racketeer Is accepted here as an unwelcome part of the city, his name causes little more of a flurry than does a wind storm on Michigan avenue, or a quick change of temperature. But in Java, Burma, and French Indo-China, it's 'a different story. "The Impression seems to prevail in the minds of a few," General Foreman stated, "that Chicago is the most beautiful city in the world, but the most dangerous, and the name of Al Capone is on everybody's tongue. 'Scarface' is as well known in the orient as he is here. Some people over the world believe they would be shot down by machine guns live minutes after arrival in Chicago." U. S. TltEASUllY ItALAN'CK. WASHINGTON, D. C., June 3.— The United States treasury balance announce today as of close of business May 29 was $104,609,500.71. Customs receipts for the month to date were $51,722,273.92. Total ordinary expenditures, $8,154,488.44. PLANNING SCHOOL AT FIRST BAPTIST The fifth annual summer Bible school of the First Baptist church will open on Monday, June 9. This year's school will be just two and one-half weeks in duration with daily sessions from 9 to 11.45 a. m. with the exception of Saturday. The school is open to all young people between the ages of 6 and 20 and following the custom of the last two years there will be a class especially for high school and senior young people. The school is under the direction of Rev. Russell G. Jones and the faculty is as follows: Miss Jessie Rlple, registrar; Mrs. Ralph Baker, Miss Jessie Craig, Mrs. Russell G. Jones and Rev. Jones, teaching the junior, intermediate and senior groups, and Miss Margaret Hanna, assisted by Misses Mila Davis. Margery Reynolds, Margaret Dorries, Instructing in the primary division. There will be courses of instruction in the life of Christ. Bible memorization, pivotal chapters In the Bible, and traveling with a Christian hero. There will also be special periods each day of chorus singing during which time there will be sung the latest gospel choruses and some of the old standard hymns of the church. Other features also enter into this part of the program. During the course of each morning's school there will be a recess period. Plans arc being made to make this the best in the history of the summer school. The Memorial Baptist church and the South Altoona Baptist chapel unite with the Fifst church In this summer ministry of Bible training. ALTOONA FOLKS PLAN TRIP TO ORPHANAGE Mr. and Mrs. George Housel of 2710 Fifth avenue, accompanied by the lat- tcr'a parents, Mr. and Mrs, John H. Root, plan to leave here day after tomorrow for Quincy, Pa., where on Thursday they will participate in the events there'incident to the annual reunion to be held by the Quincy orphanage of the. United Brethren denomination. Among the prominent personages expected in attendance at the reunion occasion is Bishop Batdorf of Harrisburg who is scheduled to make one of the addresses of the day. Following the exercises at the orphanage the local people plan to visit friends in Gettysburg and will return to Altoona over the week-end. LITTLE ITEMS Or INTEREST The Women's Missionary society of the First Church of God, at Sixth avenue and Fourteenth street, will hold its monthly meeting tomorrow evening at 7.30 o'clock in the church. Mrs. Roy Loose will conduct the study from the Mission book. A reading will be given by Marian Edwards and selections by the girls quartet, Margaret Treese, Mary Satterfleld, Gladys ileese and Evelyn Baer. The election of a delegate to the Missionary convention will be held and all members are requested to be in attendance at this meeting. VISITS WITH FAMILY. Miss Cornelia Bowen, a teacher in the Ardmore schools, spent the weekend visiting with her parents, Mr. and Mrs. Samuel C. Bowen of 1011 Seventh avenue. Miss Bowen was accampanied home by Mr. and Mrs. Arthur Robert Shaw of Philadelphia and Wallace D. Glfford of Ardmore. The trip was made by motor. BUVS-AN AIRPLANE. E. W. Grassmyer of Wllliamsburg has closed the negotiations with one of the local airport concerns for the purchase of a late model of the Waco two-passenger airplanes. The machine will be kept at the field of the Central Pennsylvania Airways, Inc., at Duncansville for the present. PHYSICIAN'S HAND CUT. Dr. H. J. Ralston, aged 23, of Ebensburg, was treated in the Mercy hospital dispensary last evening for a lacerated tendon of the right index finger suffered on a piece of glass. A number of stitches were required to rejoin the tendon and close the laceration. XEW DIETICIAN AKKIVES. Miss Madeline E. Burleigh of Philadelphia, a graduate of Drexel Institute, has assumed the duties of dietician at the Mercy hospital this week. Miss Burleigh came to the local Institution from the Cambridge, N. Y.. hospital. General Builders Distributors Curtis Woodwork I'huno 0331 1720 Margaret Ave. 1113 ELEVENTH STREET SLOGAN' IS CHANGED. CHICAGO, 111. June 3. — "Say it With Flowers" is no longer the exclusive slogan of the florist trade. Recently a man, carrying a lily, gained entrance to the apartment of Mrs. Teasie Levy, by posing as a florist's deliveryman. He took $200 worth of jewelry and a $5 bill. PILES In Men and Women Treated by Specialist Formerly Specialist to Ihn I'hlludolpliiu Medical Clinic PILES I mull to cull the utti-iiliun of all file siiHcrt-rs to my dissolvent 11 elhoil of treatment which has the following advantage* over tliu oil method*: ,\G knife, ellier or chloroform. No carbolic acid, practically puin- less. No loss of lime. JJfclimc guarantee. I sullcrccl with hlveiling and protruding piles for twcnly years. Dr. Voder cured me without pain or loss of lime from work. M. CUNNINGHAM, iim lOtli St., Altoona, I'a. DR. W. S. YO0ER .St'KCMUST IN 1'II.BS AKlt KUl'TVHK At the William I'enn Hotel. Altounu, I'a . Thursday, June S Office Hourx: M to 5 mid 7 to H I'. Al. SI WORKERS MEET IN 2-DAY SESSION NEW ENTERPRISE, June 3.—W. R. Speer, president of the Bedford County Sabbath School association, along with the program committee, has fully completed the program for the coming County Sabbath school convention to be held at New Enterprise June 5 and 6. The convention will be held in the Church ofthe Brethren of which Rev. D. O. Cottrell is pastor. Local committees in New Enterprise and surrounding territory are busy convassing the' community, arranging for intertainment of such delegates as remain over night, and the good people of Morrisons cove have always been noted for their generosity and hospitality and any delegates that remain over night will be made quite welcome ns usual. Professor S. H. Koontz of Bedford, who for the last several years has given of his time generously, will again have charge of the music. The devotional periods will be conducted by the following pastors: J. Sheets, J. B. Stein, 0. A. Duvall. A. R. Webb and M. J. Ross. Among the speakers will be Rev. E. H. Bonsall of Philadelphia, superintendent of the young people's division of the State association, and Walter E, Myers, who is general secretary of the State Sabbath School association, with Dr. H. E. f role speaking on the subject, "What I Believe About Christian Education." Various conferences of the different divisions will be in charge of the county's divisional superintendent. Bedford county Sabbath school conventions have grown so in size that in the recent past it has been found impractical to hold them in other than the three or four larger towns of the county and this years experiment is looked forward to with interest by the leaders in county Sunday school work. TODAY'S BASEBALL. (By United Press.) .National. Cincinnati at New York, clear, 3.15, DL,. Pittsburgh at Brooklyn, clear, 3.20, DL. St. Louis at Philadelphia, clear, 3.30, DL. Chicago at Boston, clear, 3.15, DL. American. Washington at Detroit, clear, 3, STD. Boston at Cleveland, clear, 3, STD. Philadelphia at St. Louis, part cloudy, 3, STD. New York at Chicago, clear, 3, DL. TOO LATE TO CLASSIFY Lost — Found LOST—3 KEYS IN A LEATHER KEY case. Reward It returned to Adv. Dopt., Mirror office. Unfurnished Apartments 2302 W. CHESTNUT AVE.—2nd FLOOR duplex, 5 rooma with finished attic, bath, all conveniences, porch. Dial 2-7249. IHftfliftftAflt. Betty McMftrtamy. ftfeii 8, •<>* Seventeenth avenue was treated at the Altoona hospital for A possible fracture of the left foot, ah x-fay examination revealing no broken bones. Ray Shaal, aged 16, 6f Attoona ft. D 1, received attention for a possible fracture of the left elbow. Joe Bruno, aged 36, of 1414 Thirteenth avenue was treated in the dispensary for a possible fracture of the right lower leg. ... Geraldine Wlble, aged 4, whose home is at 2210 Lloyd street, suffered lacerations and contusions of the right hand which were treated in the dispensary. William Pensyl, aged 14, of 1510 Ninth street sprained his left , little nnge* Aft* Wtighl Flo'rene* vWid, i 3. Bait Altobna, rte6i*«i W«itflS»Sf for a laceration of th* lift ra«*v Pauline ftunk, aged 10. «f W« avenue was treated tot 4 a*H fei ture wound of the fight foot. ^ ^ Altoona 1425 12th Ave. Co, New A»#o« BWf. Small Loans to Hbfti* Owners of Good Credit Standing This kitchen was built on a library table! CURTIS WOODWORK What tan it is toptmttyoat kitchen thiaem.tjrnewwf.rt A unit tot pots mad pmn» near the store—or the tink? Where shall we put that cterer broom closet with the ironing board concealed in the doorf And don't forget that special Curtit unit with the sugar bin, flour bin and cutlery drawer. T HE Curtis assembled kitchen you see illustrated here was first built on a library table— in miniature! This way, the woman who designed it knew before any steps were taken in actual building that her kitchen had all those units she wanted, arranged exactly as she wanted them. You too can design your own kitchen on your library table. For all Curtis Kitchen Units in all sizes are reproduced in Miniature Kitchen Sets— ready to be assembled in any combination of storage units, drawer sections and closet space you wish. Perhaps you would like to modernize your kitchen. You can—quickly and inexpensively, with Curtis Sectional Kitchen Units. i Let us show you one of these Miniature Sets. Drop in—or phone us to call. (Also ask us about Curtis period reproductions of mantels, entrances, stairwork.) GENERAL BUILDERS' SUPPLY CO. 1720 MARGARET AVE. PHONE 9331 You will find HauiehnM Manor en to bif friendly, courteous advlicrl In alt home financial problem!. Tht experience gained In rendering family financial tervlcf for the pott fifty-two year* it back of these men. They will be tlad to give you the benefit of this accumulated experience at well as their own Cralnfnf In arranging a budget plan to suit your needs. Any family with a financial problem that ready caih will solve will find House' hold Managers'ready and willing to consider arranging for a loan of $100 to JJOO. Helpinq 252,837 families sol\c their /Y/V/I/vr//t/ i>ROB if MS BUSINESS firms, when facing a financial emergency, call on their banks for assistance. Many Individ" uals, through the possession of stocks, bonds, or real estate for security, are entitled to the same service. But millions of families are unable to avail themselves of banking facilities. Where can they go for help when they need money? The Household Plan was developed to enable families in every walk of life to get the money they need quickly, confidentially, and at the lowest possible cost. Under it a family keeping house can make a loan of $100 to $300 without the embarrassment of appealing to friends for money or endorsements. No outside signers are required and no inquiries are made among friends, relatives, or employer. While all loans are made on the basis of repayment in twenty months, with the privilege of payment in full at any time before that, the terms and conditions of all Household loans are designed to fit the individual situations of the borrowers. The Household Manager in your community will be pleased to give you full details about our Plan and about our rate which saves you nearly one-third. He invites you to bring your financial troubles to him. • Come in— Write or Phone A representative will call at your home if more convenient This wis the exict number of families being served by Houj-'bolJ it [he due ibis advertisement wa3 prepared HOUSEHOLD FINANCE CORPORATION JU -""">-,--*»»•• 3rd Floor—Penn Central Bldg. llth Ave. and Twelfth St.—Phone 9371 ALTOONA

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