Altoona Mirror from Altoona, Pennsylvania on November 9, 1929 · Page 5
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Altoona Mirror from Altoona, Pennsylvania · Page 5

Altoona, Pennsylvania
Issue Date:
Saturday, November 9, 1929
Page 5
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rfV Vn'' THfi ALTOONA MIRROR-SATURDA^,- NOVEMBER 9, >BEHIND SCENES IN BUSINESS WORLD x of V st W< f reci By JOHN T. NEW YORK, Nov. 9.—The market break, so far as actually hurting business, tends to correct one of the only maladjustments in the business situation we have had. Look back at the review of business in the beginning of October and you will see that most observers declared that fundamental business was good except for the over- expanded condition of credit. Now credit is certainly no longer expanded. There is a tendency In some quarters to fear that business men may be upset and disturbed by the market debacle and that it will tend to check the confidence of business in its future. But this Is a minor factor and is more than offset by the correction of our credit structure. Fundamental business Is undoubtedly good and that is the main thing. Class I railroads in the first eight months of this year had a net railway operating income of $827,734,076, which was at the annual rate of return of 5.50 per cent on their property Investment, as compared with a return of 4.62 per cent In 1928. Gross operating revenues showed an Increase of 6.6 per cent over 1928 figures. Total freight car load'*gs for the i week ended Sept. 28 were 1,202,111 cars, the highest for any week so far this year and the third highest for any week on record, in spite of decreased shipments of livestock and grain products. The shippers regional advisory boards throughout the country are anticipating a total of about 9434,000 cars of revenue freight in the fourth quarter of 1929, an increase of 2.3 per cent above last year. Steel ingot production declined slight- if from August but established a new record for September. Operations averaged 92.01 per cent of theoretical capacity compared with 93.05 per cent in August, and total output was 4,510,879 tons. The unexpected Increase of 244,370 tons in unfilled orders of the United States Steel corporation as of Sept. 30 over August Is a reversal of the trend prevailing In these bookings for several months. Production of cars and trucks to- talled 4,640,000 In the nine months endad with September, a large Increase over the same period of last year. Stocks in dealers' hands have Increased substantially over last year so that further reduced schedules may be resorted to prevent over-production. Total volume of building contracts awarded In the thirty-seven states east of the Rocky mountains during the month of September amounted to $445,402,300 according to F. W. Dodge corporation. There was a loss of 9 per cent from the preceding month's total and a loss of 24 per cent from the total for September of last year. Thirty-six chain store groups reported sales for September of $212,32.1,068 which represented a 19.76 per cent gain over the same month of 1928. So far as one can judge at this moment, the outlook for business during the fall is encouraging. There are. some indications that suggest' that, the rate of expansion which business witnessed during the past year may be somewhat less during the early months of next year. Such a development would not be unusual. Every business man knows, from past experience, that an occasional slowing down in business activity is inevitable at times. Thus with the correction of credit there remains as the only darker aspects of the situation the slowing up in building and the farm situation. While building has slowed up it has not tapered off sufficiently to cause I any disturbance. Error grams ~»~ WE'LL, THE 6-AMES 6N-" ANP T0D/V/ W£ Wf?KK OUD 'TECH'.f ——• —^^™ ^^l^nm ••(^•B ^•^•M ^MBBH W^H They Come and do. (Copyright, 1929, NEA Service, Inc.) There are at least four mistakes In the above picture. They may pertain to grammar, history, etiquette, drawing or whatnot. See If you can find them. Then look at tho scrambled word below—and unscramble It, by switching the letters around. Grade yourself 20 for cnch of the mistakes you flnd, and 20 for the word If you unscramble It, Monday we'll explain the mistakes and tell you the word. Then you can see how near a hundred you bat. • • • YESTERDAY'S CORRECTIONS. (I) Feuds Is Hpelled Incorrectly. (2) One of the teacher's cuffs IH fringed, while the other Is plain. (3) The states of Colorado and Wyoming are switched. (4) The peninsula of lower California Is miss- Ing from the map.. (5) The scrambled word IB GEOGRAPHY. IN THE BUSINESS WORLD OF TODAK By J. C. ROXT.E, Stnff Correspondent. (Copyright, 1929, by AHoona Mirror.) NEW YORK, Nov. 9.—Retail trade Is showing some signs of slackening. Instability In tho stock markets has contributed to this development, It Is a result of a psychological attitude rather than one dictated by shortage of actual cash In the hands of buyers. The money which was lost In the security market was not money on which buyers depended for their dally purchases. Their Incomes from their dally business activities or employment are sufficient to meet all current expense. The fact remains, however, thul persons who have just suffered a decided financial loss are. not In the mood to spend money extensively whether they havo large sums at their disposal or not. There Is every reason to believe, according to government and financial authorities, that this attitude will pass before It marks the start of the vicious circle which passes back reduced consumption to reduced distribution and reduced production, v.'hleh in turn again reduced consumer buying. There is a general feeling In tho better Informed financial circles that Christmas buying will approach or equal In volume and dollar value the total of tho 1928 period. In the meantime, employment is at a high rate and there has bc»n no slightest Indication of any desire on the part of the employer to make material slashes In wage levels. Distributors therefore can feel pretty well assured of real buying power at present levels for some months to come. Despite the tremendous withdrawals from banks all over the country, incident to the turnover in stocks and other securities and the demand for margin funds, the position of the financial houses of the country Is as firm and substantial as the most captious could demand, according to tho federal and state banking authorities. Stocks of goods are down. Production in most lines is not progressing at un excessive rate compared with consumption. The purchasing power of foreign nations shows Improvement and thin is being reflected In exports of surplus goods produced In this country. The steel trade Is not only proceeding on a profitable basis, normal to this period of the year, but Is looking with keen anticipation to the future. There are plenty of funds available to enable the steel makers to go ahead with programs without undue expansion of credit. The automobile trade is showing declines rather than advances. This is natural at a period following financial upheaval, but the keenest judges e:;prcos the belief that the automobile has passed from a pure luxury product Into the necessity class) and is being held there by tho standard of living established in this country, which has never shown a decline, except a momentary drop in times of panic. Plans for the production «:f new models are not being curtailed and tho new designs are counted on to spur distribution In the next three months. Building construction has not shown any matrlal advance as yet but on the other hand there, has been no check In the programs for heavy engineering projects and construction of highways. Building material producers, however, have had to readjust their output In some lines. Tho elootrlcal trade and tho electrical equipment manufacturers aro work- Ing at top speed. Interest In radio, with consequent demand for radio products, has not decreased to any alarming extent. Fabric manufacturers have continued to benefit from changes in styles and apparel sales, especially those In hosiery and underwear lines, overcoats and shoes, ha,ve been excellent. Tho oil industry Is showing slight improvement, although it is very slight, while coal is still a depressed condition. The non-ferrous metals have shown a decided stability, although consumptive buying has not been of a character to give an additional firmness to their position 1 . An encouraging factor In the situ- ntlon Is the improvement in the condition of tho farmer. Financial authorities admit that tho farmer was less affected by the movement in securities than any other class. Consequently, farmer buying power Is expected to exercise ft potent influence in sustaining tho trade of manufactured products throughout the next two months. It will have special effect on iho producers and distributors of agricultural equipment, automobiles and radio sets. New HCKKKN OKI I) ItADIO rhe J. E. Spence Electric Store Authorized Denier* 1310 12th Avo. Dial *!»' IT'S VERY SELDOM You can make money so easily. $3CO In Cash Prizes FOOTER'S America's Best Cleaners and Dyers 1111 Eleventh Street Get Into The Christmas Treasure Hunt Contest As to aviation, the government and the big commercial lines transporting air mail, express and passengers still are the best customers of the airplane manufacturers. Purchases of government equipment are not likely to decrease while the additional buying by the commercial lines probably will fully counterbalance any loss In sales for sport and pleasure purposes. $110 IN FINES. LEBANON, Pa,, Nov. 9.—Statistics show that $110 in fines have been collected at sessions of police' court here during October. Six violators paid $10 each. One paid $15. Six were fined $2. Four paid $5. Forty dollars of the total was turned over to the state treasury. The large* li«« d# FALL HANDBAGS Every style and color $1.95 $2»95 $^|.dS KARASEK'S 1409. Eleventh Ave. MONDAY MORNING . . . SPECIAL . . . One- Day Price $O.39 This heating element in this iron is guaranteed for a lifetime against burning out. Weight 6 Ibs. The Standard Furniture Co. 1407 Eleventh Avenue the result of Saturn's Influence, both Upon sun and earth, will be almost the inversion of .his influence during ;he preceding fifteen year period. Saturn, however, taking almost thirty years to make one of his years, moving a comparatively short • distance from the plane in which the sun sends out its principal lines of force, shows his influence in the averages of long periods of years, not in short period fluctuations. His influence is found In the sun-spot cycle and such long FOSTER'S FORECAST. Colder Weath'er Expected to Follow Moderate Storm Wave on Nov.. 18. WASHINGTON, D. C., Nov. ».— During middle part of November, principal change in crop weather will be expected to occur between storm waves centering on Nov. 18 and 24. Mild storm waves expected to center on 9 and 14 expected to be of rising temperatures and mild storm force and precipitation; moderate storm wave expected to center on 18, while it will be expected to move south to the Gulf, will probably cause the warmest period of month and also the driest, although it will not average very dry. As storm wave centering on 18 moves across continent, entire continent will be expected to become more cold, more wet and more stormy. No dangerous nor very severe storms will be expected during this period. With few exceptions, the corn crop is made and, out of danger from freeze or frost, but moisture does not help corn at this period of the season. I would advise that all possible corn, in good condition, be cribbed during mid-November, before 19, as I will expect quite a prolonger period of weather following 19 in which a /frying period will probably not occur. Killing frosts will be expected 1.0 extend to the Gulf during last part of November. On Nov. 11, Saturn, one of the two powerful magnets of our solar system, reaches the point in hia orbit oalled aphelion, the point where he is most distant from the' sun. Saturn ' '« point once in each of hla thirl. ar trips around the aun; after puL. . .;? this point, his direction of movement relative to the sun is reversed; until Nov. 11, his orbit car- 'riea him around but farther away the sun; for fifteen years after Nov. 11 he will continually get closer >tP the sun. AH experiments with free magnets prove that when relative motion of magnets is reversed, direction of force between magnets la reversed. During the next fifteen years, periods, not in the formation and movement of storms excepting through the sun and sun-spots. HIS CEM.AR IS FILLED. ' MT. CARMEL, Pa., Nov. 9.—Louis Reitz, farmer, of near Lewisburg, has stored already 17,000 bushels of potatoes and 500 bushels of apples in his cellar. (Several acres of potatoes have not yet been gathered. Tune In and Hear Over station WLW Sat., Nov. 9th, at 10 P. M. and over station KDKA Sunday, Nov. 10th, at 7 P. M. U02 llth AVE., AiTOONA, VA. n RE ATH-TAKING *-* Bc.ntyl Quality! A Chi- MM Red, Dwontca, Folding BRIDGE SET wfch Boy and Dragon Actlta In rich Orkn lal Color*—* <Ulifhl to the heart erf • very hoctra—• wonderful Gtit t« your honel Diimy lov«lin*« in«very line, jot ttronf and comfortable, convenient ind lonf lived. S« fold* into • canon that •Up* into any c Inert, ill B«nrwoo<!. decanted ]«ith«ratt« tibl* topi uphol- •und •*•!•! tw« ••h tnri, Colon Red. Gnu «ud BUck. I I I I CAsk to see Tke New Sealy Damask Ticking rich and colorful new fabric (hat brin&t new bcaurf to NEW • TYLE, COLOR & CHARM Arrow Furniture Co. 1430 Eleventh Ave. Dial 2-9537 O. W. LOt'UEN. Jr., ITes. UOMEB E. WESTBBOOK, gee. BY FISHER cab BO BY FISHER To sec the Pontiac Big Six with its range of magnificent bodies by Fisher is to realize at once that no other automobile in the world at its price offers so impressive a combination of big car luxury and quality with small car cost. So perfectly have Pontiac's Fisher bodies embraced the beauty and practical utility eharucterislieof the highest priced cars, that Poiitiue alone in its field is able to offer you such unmistakable— Big Car Style —Smart, graceful poise of line, perfect proportions, colors of surpassing beauty, luxurious interiors and all of that impressive quality which entails no sacrifice to price. Rig Car Comfort —Deep, wide, resilient cushions. Unusual leg und head room. Adjustable driver's seat and easily regulated Fisher YV windshields. Hig Car Durability —All Fisher bodies for Pontiuc have the sturdy, weather-light, hard wood-and-slcel construction. Joints are mortised, glued and bolted or screwed. Steel braces reinforce all joints where strain occurs. Heavy felt is placed between wood and steel to assure body quietness. In every particular, Pontiuc, bodies are rigidly inspected for strictest adherence to big car standards. PONTIAC PRODUCT OF GENERAL MOTORS Consistent with the big car character of its Fisher Bodies are Ponliuc's imprcssiv Big Car Speed —Highest top speed and most spirited acceleration found in any low-priced six—proved by the "fifth wheel," most accurate speed measuring device known to automotive engineers. Big Car Power— Pontiac's 200-cubic-inch engine develops sixty brake horsepower at 3,000 r. p. m.— greatest power of any car in its field. Big Car Reliability— Assured by such features as the Harmonic Balancer—full pressure oiling—crankcase ventilation to maintain quality of engine oil. The fact that the Pontiac Big Six embodies so many big car qualities seems more remarkable than ever when you learn that Pontiac's economy of maintenance and operation is comparable to that of some of the smallest curs on the road! Come in and drive the Pontiac Big Six, And let us tell you how our purchase plan and our appraisal of your present car will enable you to enjoy a Pontiac with amazing ease. .Confine llig Six, (745 to $895,f. o. b. Pontiac, Mich., plus delivery charge*. Uumnert, tpring covert and iMVfjoy tliock aluorbera regular equipment • ( tll$ht extra coat. Cultural Molars Tlnia Payment Plan availablt at minimum rate. Consider the delivered iirice at well ai the list (J. o. b.) price when cam* paring automobile valttct . . . Oa/clanrf-/'<mfiac delivered /jricej include only authorised charge* for freight and ilelln-ry an.I the charga for any additional acceysorlet or financing desired. BIG SIX $745 t-Door Sedan,/.o. b.Pontiac, Mich. . M. $. MOTOR COMPANY, Distributors 800-02-04-06 Green Avenue, Altoona, Pa. LONGEN'ECKEB MOTOlt CO. 8. G. YON MOTOlt CO .Bearing Spring ...HolUdujbburj V. F. WKUTZ GAUAGE. GATES MOTOR CO PKTEKSBUHG GAUAGE Dcllwood HuatlnKduu I'ftoroburg III WAV MOTOK CO Mt JIMATA AITO CO (M7)

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