Pampa Daily News from Pampa, Texas on April 20, 1937 · Page 8
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Pampa Daily News from Pampa, Texas · Page 8

Pampa, Texas
Issue Date:
Tuesday, April 20, 1937
Page 8
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ftttfl PAMPA DAILY NEWS* P«tof>Sj T«*al TUESDAY EVENING, AMit 26, 1981 FINANCIAL WHIRLIGIG By LottfS ^ ALTERNATIVE Since Uncle Sam took it upon himself to purchase gold at $35 per ounce foreign production has increased sharply. These producers are getting rich at 'the expense of the United States. Despite denials from Washington, informed London contacts insist that there have been gold discussions at the White House and Treasury Department. London advices are that some form of gold price action will be announced by the United States. It Is believed that Secretary Morgon- thau will announce that gold buy- Ing at $35 an ounce will be limited to newly mined American gold. That move will act as an alternative to changing the price of gold. It wil operate alonf the samr basis as now rules in tin- ITnitrtl States silver buying program. mVIDKNDS According to an of tidal of the organization Pure Oil stockholders are in line for dividend receipts. It was said that the first iiuarter profit net ran substantially alinad of that of last year. It is expected to continue through (lie current three month period •Tlie improved enrninus' outlook was .attributed to the luct t.hnt the organization is now benefittiny from the $4,000.000 new refinery equipment insUlied i?.st year. Dividend resumption is expected after the. pending financial operation is com-, pleted. count gets out of Its "frozen" condition security prices will have to stage a shr.rp rally. . . Deer & Company to go on dividend paying list before close of year. . . Detroit speculative interests like National Rubber Machinery's long pull prospects. . . Giliette Safety Razor's South American trade continues to expand. . . By close of year American Machine & Foundry's $1, annual dividend rate will be' supplemented with extras. . . Long-range 1937 earnings estimate: American Chain will show better than S3 a share. . . Allis-Chalmers was switched into Oliver Farm Equipment :-.u investment trust acted. . . PricEd to yield five per cent Consolidated Oil has portfolio following. . . Htudfbakr-r's operations averaging twenty-five per cent ahead of last year. . . Technical position of rail equipment issues is .strong. . . Pucilic Coast traders favor Southern I Pacific for quick moves. . . Com- j mission house brokers report large public, interest in amusement, equities -earnings expanding. . . li. P. Goodrich first quarter net estimated at $2.75 a share. . . Paper imiiin- liieturing equities favored in speculative circles because of good earnings outlook. . . Continental Oil getting attention of those who followed Phillips Petroleum move. . . And. that foreign accounts not doing any common share buying— were large sellers last month. WATCHED Railroad officials are closely watching New York Central';; step in the direction of replacing its bonds with common shares. If successful the steps are most important. Heavy funded indebtedness is the cause of current railroad receivership. If Central's move works out smoothly railroads going through the reorganiaaton and recapitaliza- tion washing machines will ask the Interstate Commerce Commission for authority to do likewise. Without large fixed charges on funded debts railroads will be in a better position to weather depression periods. The benefits to common shareholders would be that during periods of prosperity dividend returns would be larger. SPURT For the fiscal year ended March 31 Philip Mori-is will report a net of about $6.50 a share. This cam- pares with previous estimates of close to $6 a share. The sales volume during March was the largest in the company's history. The spurt is attributed—so insiders say—to the advance in prices announced by the Big Four. Philip Morris' price schedules remained unchanged. The sales betterment is reported continuing. OFFSET For the fiscal year ended with March 31 Remington Rand's net is estimated at $1.05 a share. Making allowances for the nonrecurring expenses for moving plant equipment and labor troubles, this result is good. Insiders estimate that both difficulties cost the company as much as 00 cents a share. "Another reason for the bullish enthusiasm of insiders is that about 55 per cent of last year's business vfilume came from domestic orders. Before the depression about 70 per c6nt ,of tile business came from foreign countires. It is also disclosed that in order to offset higher labor and raw material costs price increases have kept pace. : ADVANTAGE Manganese is the stuff that puts the "starch" in steel. Thus far American industries rely on Brazilian Russian am: African output. It is a war material necessity. War department officials are closely watching, .the world manganese situation. Now Cuba comes into the picture. '.'In this respect Freeporl Sulphur—through its subsiriury Cuban- American Manganese Company is taking advantage of the situation It spent $500,000 in installing a new nodulizer at its Cuba mines. Its oil flotation process has brought production up to a rate of 10,000 tons per month. AVOIDED Mr. Paul Hahan, vice president of Jthe American Tobacco Company, officially informed stockholders that .1937 earning will run substantially ahead, of those of lasu. He said, the company's advertising expenditures this year will not run as hjgh as those of last, year. He alsb;said that he doubted whether Congressional moves to provide for a .graduated cigarette tax will become law.. Financial interests particularly noted that Mr. Hahan avoided..the topic of prospective dividend payments. REPORTS ARE THAT: Before the average margin ac- AMBULANCE Phone Duenkel- Garmichael Funeral Home 321 N. Frost :1ITO LOANS See r/e. for ftcady Cash to r %/inance. rBuy a new cur. F Reduce paymenta. lse znpnej to nieet bills, pt 4wJ CHwepqs Attepi- glven to til applications. C. P. BUCKLER IS MEMBER OF HISTORY BOARD Banquet Ik Attended By More Than 200 WASHINGTON. April 20 </[>) — Leaders on both .sides in the Supreme Court reorganization battle claimed significant gains today because of Supreme Court validation of the Wagner labor law. Senator Burke iD., Neb), an opposition chieftain, said the decisions liad paved the way for eight or ten additional votes against the Roosevelt bill to add six justices unless members over 70 retire. He did not name those he expected to shift. Senator Ashurst (D., Ariz.), on the other hand, insisted the decisions had "immensely helped" the measure, which lie is trying to pilot successfully through the judiciary committee. A check of the committee members showed no open change of position since the Wagner act was approved. Attorney General Cummings, speaking last, night by radio to mass meetings of Labor's Non-Partisan League in 24 cities, said unless the Roosevelt bill is approved, the Wagner act and other social laws "may be whittled away bit by bit in their application until nothing remains but an empty victory." The committee, Hearing the end of public hearings, invited William A. Eddy, president of Hobart college, and Col. FH-ederick H. Allen of Charleston. S. C., to testimy today against the bill. CIVIL SERVICE EXAMINATIONS. The United States Civil Service Commission has announced open competitive examinations as follows : Associate physicist (elect roence- phalography), $3,200 a year, U. S. Public Health Service. Endocrinologist, $3,800 a year, Bureau of Lairy Industry. Full information may be obtained from O. K. Gaylor, secretary of the U. S. Civil Service Board of Examiners, at the Pampn post office. CANYON. April 20 — C. P. Buckler of Pampa is now a member of the board of directors of the Panhandle Plains Historical society. Officers elected at the annual meeting yesterday were: Horace M. Rnssell of Amarillo, president; R. P. Smyth, Plainvicw and J. D. Hamlin, Farwell, vice-presidents, and L. F. Sheffy and W. L. Vaughan secretary and treasurer. Other members of the board of directors are: W. H. Patrick of Clarendon, J. A. Hill, Canyon; W. T. Coble and John L. McCarty of Amarillo T. D Hobart, a pioneer citizens of Pampa now deceased, was president of tin 1 Historical Society for six years and it was during his adinink- tration that (he museum wns built. The Panhandle Plains Historical Review will have .7. Kvetts Haley. Harold Bugbeo, Floyd Studer and H. B. Carroll as associate editors under editorship (if Professor L. F. Sheffy. It was reported nl the meeting that the Museum Building is now worth $100,000 and that the collections are conservatively valued at $500,000. Twenty-eight thousand people from 35 states and eight foreign countries visited the museum since April 10. 1936, and 591 visitors registered last Sunday. Fifty new display cases will be put into use in tlie museum within the next month. Floyd Studer of Amarillo declared that the archaeological collections of the society are becoming so valuable that eastern institutions will soon send students to study in the Panhandle Plains Museum, rather than send expensive parties to the region to make collections. It was revealed that the vast collections made locally have been secured with less expense than at any museum in the United States. Much of this work has been done under the WPA. It was announced that a giant ground sloth, larger than a buffalo, had been excavated and would soon be put upon display In the museum after being prepared by Professor C. Stuart Johnson under whose direction the field work has been done. Walter Prescott Webb, of the University of Texas was the principal speaker at tlie banquet at. which more than 200 people were present. Hermon Pipkin of Amarillo presided. Several out of state visitors were present. UK'S 102 CYNTHIANA, K.V., April 20 M>)— Among the crowd attending the opening National league game at Cincinnati today probably will be Charles Rieckel, who claims to be the nation's oldest baseball fan. He will be 102 next October. Heating Engineer Glen Ragsdale, heating engineer and contractor, will furnish plans, specifications and estimated .cost for a modern steam heating plant free. . Let us solve your healing problems. Glen Ragsdale Plumbing and Heating Co. 929 West Foster, Pampa, Texas I 1 . O. Box 1203 Ancient Landmark HORIZONTAL ) Huge landmark in Egypt G It represents a with a human head (Pi.). I'J Ache 13 Fish eggs. 15 To unclose. 16 Branch. 17 Ventilating machine. 18 Person with a powerful voice 20 Right 21 Fodder grass. 22 Regretted. 23 Form of "be," 24 To come in. 26 Useless plant. 27 To free. 28 Eternity 29 Dry. 30 Part ot it is granite. 32 To peep. 35 One in cards. 34 Chaos. 35 Exists. 36 Monkeys. Answer to Previous Puzzle 37 Curse. 38 Clever. 39 Withered. 40 Rhythm, 42 To remunerate 43 Black. 44 Common verb, 45 Prepositioa 47 Neither. 48 It is near the 52 Laughter, sound. 53 U had a at its base (pi.). 54 Miracles. VERTICAL 1 Extra tire. 2 Colleagues. 3 Pronoun. 4 Within. 5 Roentgen ray 6Myselt 7 Famous, 8 Hurried 9X. 10 To impose. - a llUlcej 14 Upon. 17 Distant. 18 Brought legal suit. 19 Customary, 21 Female fowi 22 Portuguese coin. 25 Plaything 26 Those whc wrestle 27 To decay 29Maplp shrub 31 Sand'hill 32 Coloring matter. 33 Armadillo 36 Last word o) a prayer, 37 To throb. 38 Tempest. 39 Paroxysm, 41 Tree. 44 Secondary 46 Fuel 48 Plural 49 Mother 50 Into, 51 To . 52.Prohoun, BOARDING HOUSE ...... with a'" •••!' _L. Major Hoople we't> LIKE •to PUT YOU IM -TM' YEM.' ' SALES MAKE A SLOW MOTIOW OP WOW YOU WORK, AMP SELLIW'KEEU TO COM MEM CHATTER VOU USEt? TO GAS> TM' MA3C£z, IMTO SOOTIHJG AWAY *3OO ON A FLOCK OF PLEAS, WMEM THERE'S 'REdlMEMTS <x, ot= .THEM '%\ HIBERKJATIMG OKJ ''2 EVERY MOM<3REL'S MAME, SHOULD BE I CAWMEt> FOR "POSTERITY HA-—AM IMTO BLOOM ' IW MY OLD CROCK AMY "PROPOSltlOW 1 STICK MY MEAT? IMTO WILL TAKE Bl<3 MOMEY-*IF YOU TWO BAR<3AIM- BASEMEMT CLERKS •pooLEP YOUR CAPITAL, ',YOU COULDM'T SPEMP TEW MIMLJTES IM A PEH4MY, ARCADE' L°3tJT JAKE'S "PLEA'S HELP -DIPLOMAS. =• OUT OUR WAY By William* .- WAIT.'. WAIT , ' > vye FORGOTT6M ANVTHIMG? WAIT: „ Ui TILL I SET SITtlM MICE AN' COMFOI3T- ABLfe - THAT MAK-feS VOU WHV MOTHEBS GET 6EAV. eel*!!? ift StJVrf/iti «J.P?AMaLnMMSj I THIMBLE THEATRE Starring POPEYE Beggars Can be Choosers By E. C. SEGAK ftBOUT Vft.l Vftr\ MOTHER T I LOOKS SO MUCH UKE HIM- 1 BRP\N<J 33J t\H' \ BRfKNG Yf\ VTOCKIN'S .SOME ft HfVT, SOME &.H' ft DRESS I BRftNd CftRROTS -ft COSORSET- 1 Pft\R OF J f^N' ft «<- BRftlOO ..' ' Vft 6EE,I UJWYS VA. TO BE CONTENTlPftTGD- ; \ FlGiGER-bTHftT OS HfXVE GOT TO STICK TOGETHER VOU PUT -/OUR HMAD UP. TO UUHERE VOOR PIPE SHOULD 1KNOUJ YOU, MR. I CW.T ftLLOVO ft M(Xt\TO' BUV ME CLOTHED -| TfKU6HT OlFFtRENTLV— I'ULTftKE THE FOOO- VC5, I'LL TftKE THE - 60T NOT CLOTHES ALLEY OOP A Warm Trail By HAMLIN ' THI5 PILE OF BOMES. POE5 HAPPENl f'BE TH' EEMAIMSOP TH' DINO5AUIE , THAT FOO2V WAS CARCIEPAWAVONJ, VBUT HE MUS,THEW WHAT HAPPEWEKTA GOT MOTZIQ • TH WIZEU MUSTA MAD TH' RIGHT DOPE-HEEE'S FOOZV'S TRACKS.' 7 MAH.' JUD6IMG BVTH' PISTAKJCE BETWEEN! THESE TRACKS, 1H' OL' BOV MLJSTA ROMPEP THROUGH HER.E IM A HUEEV- WELL, DIMWV, FOLLOW IW TH 15 TRAIL IS &OWNA BF A CIMCH - WASH TUBBS Lulu Belle Collects By CRANE BOW WOW \ WHW THE BLADES \ FUEBN& I -.- ... OTONES, OF \yOU 001N& HERE ?/ LIFE, THAT'S WRAT. ALL PEOPLE!; FIRST, JE?SUP BEAT ME UP, THEN THE SAMBLEI3S BEAT ME UP, AND FlSlALLV THE CROWP. BOYS,, IT WAS AWFUL. T. GOT 50 TIRSP OF BEIN& jirr KNOCKED" PpWN HM MV / e c cw lOTWrV YET. NW,LULU BELLE. pES, I'VE SUFFEREP I AND THAT'S AA\KIE' YOU THIEVIN ,DOUBLE-CROSSIN' RAT. - . HAVE A HEART. /NOUTHEV vou N6VER PA ,p MEER -r^ RGHT , PJWS,TOO-I1M,.TIREP OP BEIN..••• NUDIST. , MYRA NORTH. SPECIAL NURSE Out of the Frying Par. By THOMPSON AND COH ;/COULDN'T VOU HAVE BEEM A BIT MORE (SENILE WITH s\ THA.-T OEPERLV, ANTON? ) _ VES WE MUST CHAMGE OUR PLANS. WE'LL HAVE TO SLIP OUT OP MOREMTIA, IMMEP- IATELV, MOW-AND 1HATS MOT GOIN6 TO BE SO EASY. 1 HO, /AVEA..IT5 BAD ENOUGH AS IT IS HE'S SURE TO SWIM fr»£K. TO BIL&OAND RAI&E AN ALARM. QUICK.' DUCt FOR. THAT OLD WAREHOUSE..THERE'S FIGHTING ACROSS THE PLA7.A.' DON THE PARTY REACHES THE LITTLE LAMDIN& POCX BY THE OLD POET, ANP QUICK.LY CLAM&ER5. ASHORE. ] PON'T.VOU &EE.1 HAVEN'T SECUEEP THE IMFOR.- I WAS. SEWT ARTEC.- JACK.- VOU SOUND ,F VOU PIDW'T WAMT'" By BLOSSER FRECKLES AND HIS FRIENDS Ossis is Particular . SUpE,AWD FROM THE WAV HE MAKIWG GESTURES' THESE DAYS., I THINK HE HAS AW IDE C CAM E CAW SWIWQ AWVTHING IP ^t3U WAMT ME TO ,RIGHT THERE. 1 THIWK YOU CAN SHfelMP.' CHANGE AND HAVE HER SENp HIM OVER I Hpld Every thing! BOOTS AND HER BUDDIES 1 VOE STOOD / '' WVW. OEAR- WHERE ARE VOU COPB. 1937 BY NEA SERVICE. INC. T. M. RCOT U. S. PAT. OFF 3HdRT,Y 'Y SAYS; "If you haven't a car radio, you're missing a lot of the pleasure in motoring U Let us show you the rting in an aut,Q,ra4ip,—;thp new FIJBESTONE Stewart-Warner! Has 6 metal tubes—gives 8-tube performance. Buy on the Budget,J%u: Only '.,-,,.-,.-- - > •, - •, - - $39.95 " " ~ ^ Jf. G^ HOFFMAN, SERVICE STATION PhQjielQQ

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