The Waco News-Tribune from Waco, Texas • Page 6

THF: WACO NEWS WEDNESDAY. JVLY S. The Vi nco News-Tribnne NTKK a NX MALim hi by Si nimnm User fttmriAx HrrtKl Knti mgffw otilen 3 tri Hi ffWff! ibV mor fi mm mt month und $1 fAt monthn iti if pm r. fti A FrWSS A ft rr ontt i tifi ootnote for iacationers he Cast of nn easy task tn prrvent fi nodi vvhtch hi vi ved havnc fn southWsst TSficaa few fhit are et etneers belleve that rughine wnfprn mn bo hel.I back hv i streum dama, hv use nf i pi mg of ahrtibbery othri vogetgilon i Ihts ir been particolarly ha upon fari tha? flood ip a problem must hr noi ved Both major i Ita te por tara and state irnvet beco forced to gl ve it hrow a me ma; the 00 net ed that the ari To provi easitate nan big ta fa the unu nal if tem- it illv Kifti ff doubt that al! hr protected, ft la ont nf damage ran Ni 1 effectuai heavy expenditure nf AAA an ir last. acne Bui ter piare Revil'd! of Pig i'rof) swine population of ed the of iK crop of iP.irt will f-r rent over thr rop to the department I- ing 29 the of Of A lex a atdcide even pa thy United at experience is showing that the recurring ta atupendoua -nt for rea! flood relief ip wuselv I a refi is la vs i in self ider rkman, who has committed in was a pathetic figura, may not have deserved had been deported from the to his native Ruaaia The refused to receive him and he France, haven of political refuge he deni tie and 934 and year ti that a real alatigh- their mammas took In spite of the in- hr output, of young per cent below the 3.

and below that nf been that the dujt of sows in 1H30 and previous had caused the price of pork drop to unprecedented levels, has itely eliminated Experts believe or four years may elapse before -n reaches normal. Weapon Proved Ineffectual While thr league of nations refuses to rec- ogmre Mussolini conquest of Ethiopia, it is lifting sanctions against Italy, despite the protest of Hade the sanctions have faded, they might as well be lifted. They serve only to prolong bitterness and disturb world economic conditions. The league statesmen may have believed that the partial economic boycott would thwart duce, but they can see now that pati ular league weapon was as ineffectual as the crude cutlasses used by the barefoot warriors African fracas has proved that the ranriot an peace without a mote than mic But extremely doubtful that the powers, desire to preserve the league, will have outage to adopt a more drastic means an aggressor Meanwhile, it is continue the sanctions Herkman had cause to be despondent, whatever may have been the state of his personal fortunes As an anarchist, he re- regarded ail government as evil In recent years the tide been decidedly against hts nit The tendency everywhere has been toward government rather than less mr theorists government as a i evil regarded it as an unnecessary evil, And he was foolish enough to think that it could be destroyed bv striking down const it uted authorities and of government This made him a dangerous man He could only live exile and governmentbecome powerful. Mear -vhile.

he as under the protection of the government of France July to the July 1 Th- of I Seasonal Trouble and August bring peculiar troubles state government in record keeping, is the beginning of the new federal fiscal year and Sept 1, the start of the states fiscal year both are in conflict with the normal rerord keeping of calendar years. With a great enlargement of the federal- state cooperative matters, need to make the state's wear conform to that of the federal government has been growing Incongruity of the split-year method of state accounting was pointed out by (Jov. Hobby ago. who urged that the state it be revised to conform to the calendar year Now. if a change were made, it would be to the six-month shift in the calendar to conform to federal fiscal years State appropriation are made by the fiscal, rather than the calendar year.

If the States crept ns wh- favor state independence of the national government can hardly join tbs National Education asscoiation seeking annual federal appropriations for the public When congress appropriates money it retains some control over expenditure It must aid against waste There can do so to be a- in federa nee governi the st. graft state as well ent es begin to accept ii navofdahlv, surrender imeni a degree of inistration. The more authority will condemned restriction Particularly, it has ns upon in sa It might be worth. f- gnisse. that congress hat ng be than it is not be and .1 Clause for Worry Interior cotton shipping centers and com- points have a use to worry in a federal court decision by Judge Kennerly last week His ruling, in a suit by Anderson, Clayton Company of Houston, against several railroads, compelled the use of interstate rates in the shipment of cotton to ports for water haul of Texa- had taken the position there whs nothing interstate about shipments to ports for reshipment in steamers It was overruled The essence of the is: is that the application of intrastate re-; r.

1 the of cotton at the first niiand t.omj-ifss point in route of shipment while thr interstathe classification permits the cotton to be compressed at the ports also grants a lower rate as an for such stoppage only at the port of A district court decision is not final Life and welfare of inland buying and compressing centers depends victory in the position taken by the md efforts will be made to appeal Judge Kenneriys ruling. New York Dav hv Dav phr; Mr da' ess when he came to New to arrange to exchange it room Or he would do pub- off a booklet When he be- ffluent. he wnuld pay grudR- taking least expensive Recently, however he ap- en the penurious clutch by mt CaHfornm hacienda with omos and pal notch writers in their Washington Square days from the smaller hotels in is odd chorea Alan Seegar clerk at the historic Judnon his funds dragged anchor, prepared some for lair L'-wss was a prens agent use i 1 he be to hawk Hursr thought up some for dress house that s'reteb -Vrthur riant? up with cardboard with some ad- provided a week's room rd and sumptuous alh hungry at had tougb those 7 he inancial Whirligig The nnviel sold trust completed Us first months output at record pace tn time and volume Should production run in manner for balance of the year a new world production ord will he established South Africa until now holds the record for year gold output In it dug up at the current market value If Russia production runs as scheduled if will, produce frio.Wi worth HI UK Canadian quarters report that International Nickel common will st higher thu The belief is based nn the fact that the company dl increase Us refining capacity i.1 per cunt The expansion program will cost OOO.fNI'i, The poundage will be lifted from 129.000,- (MM1 to for the first fi months ran nt about 10 a shnre asrainst cents Inst year The company paid thus far this year 55 cents share In view of the first six months' estimated net higher rate is anticipated The board of meet for dividend action Aug 3. Sinc the company cash position is strong it expected that the expansion costs will stop directors from increasing the quarterly rate mr.iir Rie buying of stock market leaders Is attributed to the 1938 revenue act. The new bill the distribution of or else, taxation to a merry tune.

Those corporations which have been plowing back earnings into new equipment and expansion are the shares being accumulated. The old line leaders head the list Rut cautious security buyers aren rushing into the market without looking first They see corporations spending money rather freely for and other expansion work Some whether if cash are Inrgr they will he If not then it is asked aren't shares too high as I NTRI International Paper insiders report that the company has been operating in the black for the first time in a good many years The first six months net is expected to show about 90 cents nn the 7 per cent preferred stock This due to establishment economies and increased sales volume Accumulations on the 7 per cent preferred as of Juh 1' will amount to $36.75 And on the 6 per cent preferred to $31 50 The general "tip is that if earnings hold something will be paid on these arrearages According tn your correspondent a informant there is no truth to talk of a payment for some time to come. I.OI.NH Informed sources report that the federal housing administration is dumpmc hundreds of refrigerators stoves washing and other household equipment into the open market These were 'repossessed from customers who refused to continue pavments The offerings will affect the sale of much new equipment If accounts for the recent sluggish price action of the washing machine and refnperatnr shares TAKFA Increased output is beginning to show in utility company earnings This is the face of rate reductions added expenses and hisher taxations Rond buyers sav that those companies which will not he affected the new tax bill should prove interesting For that reason they hnve chosen a few They are the Arkansas Power and Light 5s of West Texas I'filities 5s of 1957, Virginia Public Service 5s of 195o and the Southeastern Power and Liiiht fts of 2025 These issues are priced to yield to maturity from 5 to 5 12 per cent They are being taken for income and price appr ec i at ion posSlbi 1 it ies Til The public is spending freely on luxuries hotels and traveling agencies report as much Coal dealers anxious to settle labor disputes before such season starts fight looks prolonged Thus far principal beneficiary of soldier bonus has been automobile industrv Shoe plants have booked order- larcer than a year aro Carload- to continue spotty Farm prices at peak levels Industrial activity showing signs of iackening Lumber sales up hut about tn ease to drought some 20.000 farmers are expected to be on relief rolls this coming winter Dry goods market outlook bullish Home furnishings in demand sales Anparel women and men active on fall and winter models Merchandising organizations expect most active Christmas buying season in six years so arranging plans of expansion Tinplate mills booked through summer months prices to ease Rank clearances up due to soldier bonus Steel mill operations due for sharp dip So is automobile production Traveling salesmen report business will hold for a week or two more and then sharp seasonal decline obtaining large fall and winter orders New building activity large small houses Retail trade to hold this week and then dip MOUK BONDS Delaware and Hudson 1st is of 1943 held for income Western Pacific Railroad 1st 5s of 1946 held as speculation Morris and Essex Coons, I 2s of 1955 taken for price appreciation possibilities Great Northern Railway Gen 4 l-2s of 1976 meet with scale Goodrich Conv Peb fis of 1945 will be refunded after court ruling on stockholder's voting rights. Cuban sugar company bonds being retained due to stronger sugar market and St Louts Railway Ref 4 of 1977 held as investment Light and Traction 1st 5s of 1944 get an investment rating Products Deb 5 l-2s of 194v have speculative possibilities for the fall months. Bro has acquired posit sort ifi ha "scher: be w-as a er -ad rip He ps hotel b.

For of the nere food ano cannot accustom me days ver I a) Park taksl Cagney was once a hat Ine Knar-- Ford. Madox ord vered Lawrence Murra Cave been marned and 1 ears Michael Arlen has e- He enthusiast 'He Chriscsn in fjrofessed to hs'-e told Ann to take an ng trip a i e-d for England One thing in 1922 And a few -st upset skiff in Central COMMODITIES Tndi' aMons are that the cotton market has been Converted into a rather than 'sellers' affair will remain so until supplies are in sight Cottonseed oil demand larger Traders see long term wheat position as best like near term prospects again in favor Trade feels friendly towards constructive side of corn market and is placing orders for long term commitments It is said that ultimately prices will reflect the constant improvement in the world statistical position of rubber market outlook slightly constructive. Cocoa continues best bet of commodity traders manufacturers also taking quantities The igh hide market may work lower are using dips for purchases Speculative buffer interests continue to accumulate trade not faking because of high price Eggs too now being accumulated by speculative interests who are shipping into warehouses Tin dAnand large because of continued war talk Zinc and lead supplies have flooded market which is working load off to a weak technical position Red metal outlook bullish Silver larger than demand demand for Bank of England for account of equalization fund other buying limited. REPORTS Vltf THAT. Informed people see Allied Chemical split on four or five for one basis late this year.

Be, a of bad summer outlook Austin Nichols common bong liquidated For fiscal year ended June -U) Procter and Gamble will show $2.20 a Montgomery Ward ted to increase 17 of dividend payments Higher butter prices expected because of speculative buying Continent Petroleum's second quarter estimated at cents a share A heavy capitalization works against possible market rally in price of Socom Varuum Ritter Dental in line for a third quarter. General Tire and Rubber to he listed on big board Houdaille Hershey dividend regarded, as reasonably secure I 'tility shares strong on speculative taking investment accounts no' active except in bonds and preferred shares International Harvester dividend to be ufted United Drug using surplus tn retire funded debt C't Iris rompar.v common being avoided pre ferre-i dividend cumulations are $3150 share Steel second quarter netted 65 cents a -hare Sheaffer Pen field because of liberal yield Gihette Razor dividend will be continued balance of year earnings below last year Chicago Pneumatic Tool planning to take care of preferred dividend arrearages which amount to 25 share he part cash and stock And that labor difficulties continue to increase which is giving long pul! security holders some- i thing to worrj about. Walter Winchell on Broadway nRINGING U.IVE TO RIIO FOR I II EM (Frank Muck, author of R.vli A live," and celebrated Hfe, torlav guest contributor for Mr inehell, now on vacation guest columnist "til be Jim ullv, famous hoho author and right. FHtNK Rl Thmtrs in. 1 never knew now When Mr and Mrs Elephant are about to blessed- event it a girl if it 19 months -a Joe Jr if the time is 20 or 21 months There are 000 people living tn India, hut there is no WPA.

All cat animals in captivity tigers leopards! one week without food Not With the Texas Press Chilton luh Beautifies Mrs Le of Chilton was a business visitor in Marlin Monday in connection with the stat'9 contests for beautifying farm homes, gara. and rural schools along state highways Mrs Levy reported Chilton clubs had planted approximately 1700 shrubs, around the Chilton school houses Chilton is the firs" town south on the Southern Pacific railway the interest taken by the Isdies of Chilton clubs in beautifying the highway, as well as the Chilton schoolhouses, is to becommended- Cheers for Oldest Niitive Born of Falls Passes The Mariin rat reports the passing of the oldest native born citizen of Falls county, as follows Marlin oldest native born citizen died at his home 111 Andres street, early Sunday morning following a prolonged ill ness that had confined 1 to his home for the past several months, most of the time to his bed, Mrs Hawkins of Waco was a sister, and Mrs, Rax Thomas of Waco was a granddaughter of the deceased There were also other relatives in Waco. Our sincere sympathy goes out to all the bereaved relatives! Not The Crawford Sun in its issue just before the 4th, had the following: We are not making any apologies for paper this week as we are getting our linotype installed and worked on the paper at intervals between installment work And Saturday is the big dav at Tonkawa park ho you won have time to read. For a the size of Crawford to a typesetting machine, is certainly a distinction. So far as we know if will be the smallest populated city in the country to have such a machine The celebration at Tonkawa park was reported a great success by ail who attended Three cheers for Tonkawa park and Crawford.

Maj they often enjoy celebrations at Tonkawa: Aged rawtordite The Crawford Sun has the following notice garding the passing of an aged Cra fordite: Miller resident of Texas for 6S years, died at his home west of Crawford at 10 a Friday He came to his Crawford farm in 1903- Surviving are his widow Mrs Betty Underwood Miller five children by this marriage, and seven children by a former marriage Mr. Miller was a Mason of many ears he was awarded a medal year for being a Mason 50 years. Maionic ntes conducted by Crawford lodge. The old-timers are passing on All who personally knew Mr. Miller regret his departure I Explains the Action The Walnut spr ks Hustler explains the cause for Representative Zioncheek action as follows The new tux bill ntains 21,6 printed pages.

Here a section from it; "if the undistributed net income is a per ent of the adjusted net income which is more than 20 less than 30 such percentage is not shown in the foregoing the tax shall be a percentage of the adjusted net income equal to the sum ot 35, plus four tenths of the amount by which the percentage which the undistributed net income is of the adjusted net ome exceeds We know now whv Representative Zioncheck acted as he did That paragraph would get any man if he staved with it. Thar from the new tax hill would surely get the wifi-1 of us if it is correct delineation! Congratulations The Mart Herald has the following in a late issue The Herald joins in the congratulations due the Tribune for such a creditable edition Sunday, June 2-8. celebrating its annivetsarv. The issue contained interesting record of the pr; of Waco, its people and the it that are iargelv responsible for putting that city on the map the past quarter ot a century. he He raid discusses further the relations between Mart and Waco in a kindly wav The Herald js indeed creditahle paper for Mart, both dailv and weekly, and Editor Spencer is to congratulated i Americanism Denouncing the system that special privileges to the rich, soaking all of 11 to give special to certain groups Beacon-Jour mil.

Ant agonist If words come Than knives stone. If may be only that young And strange a mi very much irper to his tongua 1 ie keen upon a for their waist lines Broadway but for their health kill more nAtives far east per vear than tigers Most ancient crocs, when killed and cut open, have in their interiors Tiffany of bracelets and bangles of former Dyak Duskies that would make Scandals gal turn green with envy in the far east, and looks like sweet potatoes, Packs of wild (a dog about the of a chowi have been known to kill tigers It's different on way Even a blind tiger has been known to kill the gayest dog! Gibbon apes if captured voting make grand pefs and are used as watch-dogs in the east. Their warning call can he heard a mile away. The old saw of elephants ail going to the same burying ground to die is as big a mvth as way million heartbreaks Elephants, like wayites die where they happen to be -only they still retain hit of ivory tin their tusks 1 The reason no elephant bodies are ever found is because the jungle white-wings (hyenas, wild dogs, vultures etc do a good scavenging job. We also hase the hyenas and vultures on the Big Stem, and they also do a good scavenging job Proving that New York and the jungle are not so far apart One of the finest natural dishes in the jungle is wild honev It ts made bv bees that feed ex! clusively on orchids The old saying that a bird tn the hand is worth two in the bush must have been invented for the men who bring em back alive The tapir ts the onh animal in the world that has remained unchanged bv evolution.

He retained his same form for thousands of (Politicians please copy). You have never eaten a the world finest fruit in America Which mAkea you the equai of Queen Victoria, As Empress of India for over 50 she died without ever fasting the national fruit Mangosfeena can't, be shipped in even fastest refrigerated boats But Dutch planes now carry them to England from Malaya and the Queen's grandson, Eddie, can get one for the price of a ten spot, There are only two pleasant in the Jungle The call of the gibbon ape, and the whistling note of the argils pheasant. All the rest except for a few rather weak-voiced sound taxi horns in a traffic jam. Mouse deer the amalles! of the deer family ffhetr four tiny feet can stand on a dime, and they are perfect deer in every way), are not allowed to be imported into the U. because of their cloven hoofs Young crocodiles hatch from thetr eggs by means of a sharp "egg-tooth on the ends of their snouts Immediately they are born they lose the tooth.

I shot 120 000 feet of film to make 7000 you saw in "Fang and II The reason a scratch from becomes infected is because tigers like some I know are not too particular about their meat. Wild animals brought from the jungle to live longer and are healthier on the average than the same animals in their native reason there are no veterinarians or free regular meals in the jungle literally hundreds of thousands of Indian rhesus monkeys have been captured or shot in the monkev business, the jungle rhesus population has not declined. Minah birds really can be taught to talk The giant orang-utan exhibited at the Chicago Fair (he had an armspread of eight- and-a-half and weighed over 200 pounds) existed mainly on molasses sandwiches Proving that what our molasses-growing Southern States need to escape the depression are bigger and better orangs rhinoceros horn is supposed by the natives of the far east to be an aphrodisiac. Elephants do not live to the ripe old age of hundreds of years tradition has taught us Their norma! life expectancy is about 75 or 80 years If a Malay could get a tuft of hair from an elephant tail and a complete set of tiger whiskers he would tackle any Manhattan gambling game believes they are good luck charms Anyone holding a rabbit's foot on those III For its and weight a black leopard wall whip anything that walks in the jungle The Bob Ripley of the jungle is the python Believe it or not a grown python can swallow- whole a hundred and-sixty-pound stag antlers and all! I've seen it happen The onlv case 1 know of on record of a python swallowing a man occurred at Thaton. between Rangoon and Moul mem But the man (a native only weighed 135 pounds And.

believe it or not again here Buck wishing Winchell a grand vacation, and betting he on Broadway I And should the rancor of glance Inflict more gravely than his word, A few it for the Youth who no Twice gellant le the strength be spends Against the panoply of years Who fights a fa 1 1co fight and With steel whet thin amid his tears. Hosken, in Tribune. Rising The commerce department mary of Mm often trade is IatIv interesting showing it a nofAble Increase of exports. la that month, for the first time this year, exports were greater than imports This 1 expi nned by steady improvement in export resisting the normal eclinde of foreign buying in the late spring, imports are up 12 per cent over May of last year, exp-rts are 22 per cent higher. This indicates the delayed hut now plainly evident benefits of the reciprocal pacts pacts had the immediate effect of increasing imports of aome goods, chiefly goods do no ith domestic products hev had some immediate effect on exports, ilar where the treaties eliminated barriers to American products the lasting gain in the export trade comes little lafer.

in co-sequence of larged imports When we buy mors freely abroad, we create the purchasing power in ith hi -a foreign countries can buy om That is why the exporting are now enjoying a substantial In the case of foreign trade, there is no v. way to recovery. Devaluation of the currency can give sud impef to rfs. as it: fact dad But the effects of suen a spurt soon wear off. and particularly as other countries take countervailing measures When we admit tie other trie re foundation is laid for a pern improvement of our export trade, Cincinnati Enquirer, Books By Xiil 1 BY rAHI.NhKs LY str Macmillan, Once in a while, not too is good to take a bain complacency.

The best messy way of seems to this MOST( hartes It British least omp shing it riment to be memoir-reading The British seem to be the writers of memoirs in the and for on much of tl product comes to life An American, for example, would elimir.ati ullv half of the material Sir Charles includes in and Partners (Mostly which he publishes today on this side of the Sir complacent of course But he is also very modest, He includes, for example, the comment Oscar Wilde makes after his first meeting with Holmes: "SO dull" was the ip ant part of it, lie tneluoef. ft number of details concerning his father, a clergyman whose career was ended by tuberculosis when Charles was about five old. These details concern the father's removal from parish to parish, and some are exa.v perafing But one from them. The younger Holmes wii tieallv inclined He developed friends among he becams a critic, be had charge of the when magazine an influence, he became Slade fessor at Oxfords, director of the tiorral Portrait Gallery and later the National Gallery And he loved trout fishing through it all. and well about it.

Imbedded in Sir Hfe transcript are a good many scenea For this reader, the of Sir Charles in Paris attending an auction of art ns Big Bertha shelled the city is perhaps the best. Big Bertha frightened away so many dealers that abls to make a good thing of if. After buying an Ingres, a Delacroix, a couple of Manets and some other paintings at an advantageous price. Holmes at dinner at the Crillon, learned of the new unified command, with Fock as commander chief And his paintings went back to London as baggage of the international mission The thought of an art auction in Paris undei the eve of Big Bertha is something Hatnbone Says: de Bridegroom wint FAINTED AT DAT LAS' NICHT, BuT dey BRUN6 TO WID our.