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The Herald-Palladium from Benton Harbor, Michigan • 8

Location:
Benton Harbor, Michigan
Issue Date:
Page:
8
Extracted Article Text (OCR)

5 a a a a a a a a a a a a a of of EIGHT THE NEWS- PALLADIUM FRIDAY, MARCH 9, 1928 PRODUCE MA MARKET GRAIN PAGE LIVESTOCK FIRST BUYERS OF G-M STOCK REAP FORTUNE: Present Value On Original Investment Increased 9,353 Per Cent By Associated Press NEW YORK. March 9-Many investors who bought General Motors when the company was launched and who held the stock are now comparably in good fortune to those who invested with Henry Ford before the name became familiar to everybody. Fourteen years ago, 100 shares of General Motor common cost $6.800, assuming that the stock was purchased at the average price obtain-! ing in 1914. Rapid expansions, both in the price of individual shares, and through numerous stock dividends, have raised present value of this original investment to $636,00, an increase of 9,353 per cent 14 years. The annual report of the corporation, just issued, reveals that its assets now aggregate more than $1,000.000,000, making it one of the few companies in the world to attain that high level.

General Motors corporation advanced from $137.50 a share one week ago today to $151.50 yesterday. The closing was strong. LIVESTOCK BUFFALO EAST EAST BUFFALO, N. March (U. S.

Dept. of Agriculture)-Hogsreceipts. holdovers, 1,534: market steady: bulk 170 to 240 lbs 9.00: few 8.90 A 9.10: 260 lbs. 8.85: 280 325 lbs. 8.50 8.65: few pigs 7.00 7.26; light lights 7.50 8.00: packing sows 7.00 7.50.

Cattle-recelpts, 50; cows steady, steers slow, Calves--receipts. 800: -to choice vealers 17.00: cull and mon mostly 10.00 13.00. Sheep--receipts. 1.500: mostly 25c higher; good to choice lambs 16.50 mostly 16.75: cull and common 11.00 18.00: few clipped ewes 7.50: wools 8.00 9.50. CHICAGO CHICAGO.

March S. Dept. market 6 to higher; better grade hogs. 250 lbs down. active on shinning account: mostly steady with Thursdays beat prices: heavy butchers slow: top, 8.40 bald for shipper choice, 180 to 210 bulk better grade.

170 to 920 8.25 8.35: bulk desirable 230 to 280 Ibs, 8.00 to 8.80: good In choice 270 to 820 lbs. 7.80 tor 8.10 largely; choice pigs and light lights active; strong, best, 140 to 160 8.35 to 8.40. general trade largely nominal: about steady: lower grades. all classes predominating: most fat steers, 18.00 down to 11.50: cod action on a sprinkling of light heifers. most fat cows, 7.00 to 8 50 few 9.00: low cutters, 5.50 to 5.65: not enough bulls here to make market: undertone.

-bull trade weak: light vealers, 13.00 to 18.50: few 14.00. fat lambs fairly tive: bulk. 15 to 25c higher on paper: actually 10 to 15c up. quality and lighter weights considered: handy weights. with finish absent: gond to choice medium weights, 16.15: bulk, wooled lambs.

16.75 to 16.00: 90 to 95 lbs. Colorados 15.75 to 15.85: sheep feeding and shearing lambs scarce: strong: gond fat 9.00 to 9.25: A few medium to good feeding lambs 14.25 to 14.50. BUTTER CHICAGO CHICAGO, March 9-Butter-higher: receipts. 7.456 tube: creamerv extras, 49: standards, extra firsta. 48: firsts, 46: seconds.

41 Eggs -higher: recents 19.411 cases; firsts, 28 ordinary firsts. 27. DETROIT DETROIT. March in tubs. 46 49c.

Eggs--fresh recoints, best quality, 28 dirts and checks, DETROIT DETROIT. March S. Dent. of Agriculture) -Potatoes-Old. firm.

Sacked Round Whites. 150-pound sacks, U. S. No. 1, Michigan.

3.50 3.60: mostly 3.50. New stock, about steady. Florida double headed barrels, Spaulding Rose, U. S. No.

1, 12.50 13.00: No. 2. mostly 10.00: Florida bushel crates. Bliss Triumphs, No. 1.

3.00 3.25: No. 2. 2.50. AWARD SCOUT HONORS The attendance at the meeting of Troop 8, Boy Scouts of America, was nearly 100 per cent last night. Scoutmaster John Englebright gave awards to the Flying Eagle patrol, which won the contest last month.

Each member received a bar pin and Patrol Leader Charles Frick was given a 100 per cent duty pin as a reward for sustained effort. Scout Executive C. F. Spur gave the boys an inspiring talk. Next Saturday the Scouts will spend the day at their new camp site near Somerley.

ton, felling trees to make room for their cabin. This site was given Troop 8 by Committeeman George Vogel. Legal Notices TRUST MORTGAGE SALE By order of the Trustee under a certain Trust Mortgage, I shall sell. at bidders, public auction, and to the highest on Monday, March 12th. 1928, at 2 p.

Central Standard time, at the premises of the Benjamins Shoe store, No 184 Pipestone street, Benton Harbor, Michigan. All of the stock in trade, furniture mate and fixtures, of an approxivalue of $4,000.00. Stock and fixtures will be sold in bulk or parcels to suit dealers. Sales are for cash, and subject to the confirmation of the Trustee. W.

M. CUNNINGHAM. 3-8t3 LEGAL NOTICE Election notice 18 hereby given that the annual Hagar Twp. election and Presidential primary will be held at Riverside town hall on April Ins their 1928 for the preference purpose of expressfor the tion of the President of U. S.

A. And to elect Twp. officers and to transact, such business should come before the board. TOM WATTS, Clerk, Tips For The Taxpayers How to Figure Your Income Tax- TIPS FOR TAXPAYERS No. 23 A person may receive for his serv.

ICes compensation other than money that is subject to the income tax. The fair market value of the thing taken in payment is the amount to be included as income. For ample. it a clerk in a grocery store receives as part of his wages groceries or provisions, the market value of the merchandise must be reported by him as income. TEMPERATURES WEATHER BULLETIN Furnished by U.

S. Department of Agriculture Weather Bureau. Stations and 1 temperatures. Highest Friday, March 9, 1928. Alpena 26 22 Atlantic City 40 42 36 Boston 24 40 24 Buffalo 26 28 22 Chicago 36 38 36 Cleveland 36 34 34 Denver 34 58 34 Detroit 30 36 26 Duluth 20 20 20 Escanaba 18 26 18 Galveston 66 70 64 Grand Rapids 28 36 26 Jacksonville 62 70 60 Kansas City 38 62 38 Los Angeles 64 68 54 Ludington 26 32 24 Louisville 48 62 Marquette 18 24 18 Memphis 52 60 Milwaukee 32 34 30 Montreal 24 New Orleans 68 80 66 New York 80 44 30 Port Arthur 38 02 16 St.

Louis 40 54 40 St. Paul 24 28 24 Salt Lake 46 56 40 San Francisco 56 62 66 Sault Ste. Marie 14 26 14 Tampa 68 84 64 Washington 36 54 36 Winnipeg -12 16 -12 The higghest temperature reported yesterdav (8th) was 84 degrees at Tampa, and at Abilene. Texas; and the lowest reported this is degrees below zero at ned.sa, Manitoba. THE WEATHER EAST LANSING, March forecast: Perishable goods enroute during the next 36 hours should he protected to withstand temperatures of zero in the west and north and above in the east and south.

The disturbance noted yesterday in the middle northwest is central this morning over Ohio. It has creased in energy and is causing siderable rain and snow over the eastern half of the country. In Michigan several inches of snow have fallen at most stations, but In the south and western sections of the state rain, freezing as it fell, 18 reported. The rainfall has been heavy at few stations in the, south, Including 2.84 inches at Chattanooga. The barometer is rising and the temperature falling In the middle northwest.

Farther to the west, however, another low pressure area and warmer weather prevaila. The Indications are for a pronounced fall in temperature in this section tonight followed by warmer Again over Sunday. SMENIFY RUTLER'S 'REFORMS' JUNKED IN PHILADELPHIA (By Associated Press) PHILADELPHIA, March vestiges of the regime of Brigadier General Smedley D. Butler as director of public safety here are to disappear in a drastic shakeup of the police bureau, effective Sunday night. The new orders re-establish all the police stations closed by Butler upon assuming office here four years ago, affecting approximately 4,000 of the total personnel of 4,400 on the force and in general abolish all the Butler "reforms." STINSON BALKED BY BAD WEATHER (By Associated Press) DETROIT, weather March caused today Eddie Stinson and George Haldeman to to to to to to to postpone their second attempt to establish a new flight endurance record.

Stinson nounced postponement of the flight until "after Sunday." CHICKENS DISAPPEAR Sheriff Fred G. Bryant was asked this morning to investigate the disappearance of four chickens from Ventrilla farm on the Riverside road. Another fowl disappeared on Wednesday night. FOXY PHANN A smart bootlegger never lets his secret leak out THE CANT CLUB DO CAN'T WEAR A WELKIS RING TRAINS DAY OPENS NEW ORLEANS BRIDGE NEA The first living being to cross the new mile bridge across Lake Pontchartrain New Orleans, so on, will be Teddy, a hood and fender-riding Persian cat. He'll be fir st to cross because he'll be two or more feet ahead when his owner drives the first official car over the bridge.

entered the house of Wanamaker to learn the business. Twice Married His made him his partner in 1888 and sent him to Paris where he remained for 10 years as head of the Wanamaker Paris House. assumed the presidency of the entire business in January, 1923, following his father's death. Wanamaker twice. His first wife was Fernanda Henry Philadelphia, deceased.

He later married Violet Cruger of Providence and New York. Insured For $7,500,000 NEW YORK, March 9-Rodman Wanamaker, merchant prince who died today at his Atlantic City villa, had his life insured for $7,500,000, making him one of the most heavily insured persons in the country. The Spectator, insurance magazine, September ranked him the head of a list of 194 persons who held policies for $1,000,000 or more. Only seven persons held policies as great as $5,000,000. OBITUARY RITES FOR BANKER ARE TO BE HELD IN BUCHANAN ON SAT.

BUCHANAN, March 9-Funeral services will be held Saturday at the home of Mrs. Ida Emerson here for Vern W. Tourjie, 45, former Buchanan resident, who died Thursday morning in a Detroit hospital after an illness of few days. Mr. Tourjle was vice president of the Alpena State bank at Alpena.

He was born in Buchanan August 26, 1882, and has engaged in a banking since leaving here some years ago. He was engaged in business in Cassopolis and Dowagiac, and left the latter city 12 years ago for Alpena. He is survived by his mother, Mrs. Alice Torjie of Buchanan, his widow, Mrs. Erma Torjie, and two daughters, Helen, 22, and Jane, 11, of Alpena.

There also are two brothers, Carl of Chicago and Fred of Youngstown, and two aunts, Mrs. Emerson and Mrs. Helen Weaver, both of Buchanan. Following the funeral tomorrow the body will be taken to Cassopolis for burial. BURIAL AT COLOMABurial of Adam J.

Enders will occur at Coloma, following services in Benton Harbor at the home. 991 Bishop avenue, and at the Free Methodist church in Benton Harbor at 1:30. MANY ISSUES REACH YEAR'S HIGH LEVELS Buying Movement Is Influ enced By Decrease in Brokers' Loans (By Associated Press) NEW YORK, March 9-Establish- ing a new high record for the sixth consecutive session, general motors common, with another sensational gain of more than 6 points at 157, lead another spirited advance in today's stock market. Early gains in some of the high priced specialties ran from 3 to 10 points, with at least 30 issues at new high levels for the year, or longer. Trading was conducted at a terrific pace.

The buying movement was. based on two important developments, the unexpected decrease of more than $26,000,000 in brokers' loans, and the announcement that General Motors executives, through their securities corporation, had purchased a block of 200,000 shares of General Motors common for approximately 000 in cash, or about $150 Midland Steel Products preferred soared 10 points, National Tea Du Pont, 8, Baldwin and Radio each and Commercial Solvents all but the first-named touching new high prices. A variety of other issues reached new high ground, including Hudson Motors, Commonwealth Power, Famous Players, Corn Products, American Can, Sinclair and Union Oil of California. With the exception of St. LouisSan Francisco, which advanced 2 points to around the year's high level, the rails did not participate in the upward movement.

CORN PRICES JUMP SHARPLY ON GOOD NEWS Active Trading Develops On Bullish Reports On Farm Reserves By Associated Press CHICAGO, March 9-Heavy selling to realize profits for holders developed toward the last both in corn and wheat today, and corn values receded as fast as they had previously advanced. Late weakness of wheat was a bearish factor as to! corn, with rains in the western part of the winter wheat pelt having considerable influence on wheat prices. The wheat market gave signs of an overbought condition and speoulative sellers found support for values lacking. Corn closed nervous at to net decline, wheat to 2c down, oats to 1c off, and provisions unchanged to a rise of 5c. CHICAGO, March 9-Active trading in corn and sharply higher prices developed early today on account of the unexpected bullish aspect of the government report regarding reserves.

Besides weather conditions were unfavorable for corn movement. Starting at to 1c gain, corn subsequently showed decided further upturns. Wheat also developed strength, opening at to higher and afterward hardening a little more. Oats were firm. Provisions held about steady.

At noon corn was 1c 1-4c net higher and wheat at decline. to an equal advance. TRY OUR WANT ADS National Gas Electric Corporation First Mortgage Collateral 25 Year The Company, through subsidiaries, furnishes public utility services to well-diversified groups of communities in nine states. Consolidated earnings' report shows net income available amounting to times annual interest requirements to these bonds. Feb.

1, 1953. Price and interest.to yield over 5.60%. Circular on request. Cress, Co. Investment Securities Fidelity Bldg.

Benton Harbor 4 Phone Har. 1028 FREDERICK FISCHER DIES IN SODUS Frederick Fischer died" at his home in Sodus township at 4:14 o'clock this morning. Mr. Fischer was born in Germany November 14, 1856. He had lived in Berrien county for 25 years.

Surviving him are his widow and three sons, Charles and Frank of Benton Harbor and Walter at home, and two daughters, Charles Juergensen of Sodus and Mrs. Carrol Kelly of Berrien Springs. There is one sister in Germany. Funeral services will be held at 10 10:30 Monday at the home, with Rev. Haase, pastor of the German Lutheran church of Benton Harbor officiating, followed by burial in Crystal Springs cemetery.

ONE IS KILLED IN CAR CRASH ON HILL (By Associated Press) HILLSDALE, March Barnum is dead and five other persons are suffering from injuries as a result of an automobile collision on a hill a half mile south of here on highway M-64. The injured are: Mildred Gettings, Lucille Barnum, Russell Gimmell, Willard Hilliard and Carl Rich. The cars were driven by Gimmell and Rich. A coroner's jury has been sworn in for an inquest March 23. NOTICE OF STOCKHOLDERS' MEETING There will be a meeting of the stockholders of the Elks Temple Co.

on the afternoon of March 15th in the rooms of the Elks club at 2 o'clock, Pipestone and High streets Said meeting is for the purpose of electing directors and for the transaction of such other business as may come before said meeting. Signed, J. Hall, Wm. H. BROADWAY'S DANCING HEIRESS Promissory notes received in pay.

ment for services and not merely as security for payment constitute income to the amount of their fair market value. Board and lodging when furnished compensation for services must be included as income. Thus, a hotel clerk who is given a room and meals as part payment for his serv. ices must report the fair value of such in his income-tax return. POTATOES GREENVILLE GREENVILLE, March Potatoes-steady: delivery light.

prices to growers mostly around 1.65 cwt. CHICAGO CHICAGO, March S. Dept. of Agriculture) 121 cars; on track, 358; total U. S.

shipments, 1.139 cars: demand and trading slow, market dull; Wisconsin sacked round Whites, 2.20 0 2.35: Idaho sacked Russet Burbanks. 2.50 2.70: commercial 2.00 2.25: FlorIda crates Bliss Triumphs, 3.25 8.50; Cuba 4.00. POULTRY DETROIT DETROIT. March poultry--receipts light, prices steady. medium size.

31: over 5 25 26c: white Leghorns, 24c. Hens -heavy, 260: medium, 21c; Leghorns, 24c; stars, 25c: cocks 18 19c: capons, 7 up. 36 37c. Large white ducks. 30 32c; small and colored 27 29c.

CHICAGO CHICAGO, March firmer: receipts, one car: fowls, 23 '26: springs, 22 29: turkeys, 25 28: roosters 20; ducks, 20 28; geese, 16. STOCKS NEW YORK STOCKS P. M. PRICES Friday. March 9, 1928.

A11. Chem Dye 162 Am. Can 83 Am Fdy. 105 Am. Loco.

Am. Sm. Ret. 116 Am. Sug.

61 Am. T. 180 Am. Wat. 55 Am.

Woolen 22 Anaconda 55 5 Atchison 183 Atl. Coast Line Atlantic Ref. 109 Baldwin Loco. 261 Balt. Ohio 111 Barnsdall 24 Beth.

Stl. 58 5 Calif. Pet. 26 Canadian Pao. 208 Cerro de Panco 63 Cher.

Ohio 189 Chie. MIl. St. P. pid 39 Chic.

Re N. West. 81 Chic. R. I.

Pac. Chrysler 614 Coca Cola 139 Colo. Fuel 71 Col. GAR FI ADD STOCKS Cons. GaR 135 Corn Prod.

Crucible Steel Dodge Bros. A Du Pont de Nem. 349 Erie 52 Fleischmann 70 Freeport -Tex. 80 Gen. Elec.

13214 G. Mtr. 156 Gen. Ry. Sig.

Gt. N. Ir. Ore etfs. Gt.

Northern pid 95 Houston 011 Hudson Mtrs. 931 111. Central 135 Int. Com. Eng.

48 Int. Harvester 241 Int. Nickel Int. Paper 71 Inter. Tel.

Tel. 148 Kan. City South. 52 Kennecott 82 Lehigh Val. 86 14 Louis, Nash.

Mack Truck Marland 011 36 Kan. Tex. 35 Mo. Pac. 4 5 Montg.

Ward 135 Nash 8816 N. V. N. Central H. Htfd.

61 Nor. Am. 611 Northern Pac. 95 4 Packard 64 Pan. Am.

'Pet. 43 Param't. Fam. Las. Pennsylvania Phillips Pet.

39 Pierce -Arrow Postum 121 Radio Reading 98 Ir. St. 60 Reynolds Tob. 146 st. 1.

San Fran. 1161 Seaboard Air Line Sears Roebuck R81 Sinclair Con. Oil Southern Ac. 119 Southern Ry. 142 St.

Oil. Cal. St. Oil. N.

Y. 30 Studebaker 631. Texas Corn. 52 Tex. Gulf Sol.

14 Tex. Pac. I.d. Tr. Timken Roll.

Brg. 119 U'nion Carbide 1451 Union Pacific 191 1. Ind. Alc. Rub.

431 Op S. Steel 1443 Wabash Maryland 39 Westingh. Elec. Willys- Overland 20 Woolworth 183 Yellow Tk, 30 Commonwealth Power 69 Refrigeration 14 Inspiration Copper 18 Kresge 68 Skellv oii 26 4 Standard Oil (Ind.) 74 Stewart Warner 85 White Mtr. 32 B.

F. Goodrich 81 G. Asphalt 79 Mid-Cont. Petroleum 281 Tobaco Products 109 United Drug 200 Kelsey Hays NEW YORK NEW March 9-Peppermint oil, $3.30 asked." DEATH TAKES WANAMAKER (Continued From Page One) the office of special deputy police commissioner of New York City in charge of police reserve, and committee work. He was chosen in 1924 to head the mayor's committee for reception of distinguished guests at the time of the Democratic national convention at Madison Square Garden.

Son of a distinguished father, John born in Philadelphia in atWanamaker, Lewis Rodman, was tended Princeton university, was graduated in 1886, and immediately (NEA Lisbeth Higgins, only child and lionaire ink manufacturer, is the a dancer at a night club. Here she heiress of Charles M. Higgins, mM. latest notable to come to Broadway, is with her partner, George Clifford. News- Palladium Want Ads Bring Results Klum, Sec.

Adv. 1t 3-9. COPYRIGHT 1928 BOTH MOOD ROTHMOOR COATS New styles new fabrics new spring inspirations for women and misses They've arrived the new models and there's spring in every line of them in their breezy, clean cut Scotch and French patterns, in the expert -tailoring and stunning lines which stamp them unmistak- ably as wonderful Rothmoors $69.50 and $45 to $150 we SHOP.

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About The Herald-Palladium Archive

Pages Available:
924,949
Years Available:
1886-2024