Nevada State Journal from Reno, Nevada • Page 19

Sunday, A i 2, 1939 SELLING FLOOD SENDS STOCKS TO NEW LEVEL Nervousness A Europe Blamed For Action -NEVADA STATE JOURNAL, RENO. NEVADA MRS. BAKER AND NEW BEAUTY By MAX L. BROWN (Copjright, 1939) NEW YORK, April A flood of selling caused by nerv- Dusness over foreign develop-, ments and discouragement over the domestic business and poht- ical situations wrung more than $3,000,000,000 from market valuation of stocks on the New York exchange this week. Prices Crack Prices cracked 2 to 10 points, to the lowest levels since the pre( Munich crisis, and some quarters contended that the bull market which got under way last June had terminated--the shortest bull cycle on record.

I Corporate bonds also fell to, new 1939 lows, although U. S. i government funds held -most oi the gains recorded early the week in a drive to new record WPA INQUIRY BEGINS SOON Monday Meet Called By Officials VITAL STATISTICS Scenic Idlewild Park wat visited by Mrs. T. H.

aker week shortly after she took delivery of her new Buick convertible coupe. Mrs. Baker is shewn standing beside the machine. General Markets, Stocks, Bonds NEW YORK STOCKS (Quotations furnished by F. P.

Strassburg, broker, stocks and bonds, 25 East First Street). Stocks- Air Reduction "Cotton, grains and sugar show- Alaska Juneau ed only minor changes on the A bed Chem week, but other commodities an ra i clined. Open 47 "4 166' Close 47 V4 9 160 Steel 51 Rubber 37 Realty Warner Bros I Western Union 18 4 Wilson Co Woolworth 45 White Motors 8Vs Westmghouse Elec Yellow Truck 13 93 4 Business news was discouraging. Auio Ouiput Down Am Com Al Am Metals Am Rad St Am Smelt Am 85 37 A drop in automobile output Co this week and advices that Apri' Xnaconda production est mates had been Atchison 28U lowei'd below March came as a Aviation Corp 5 shock. Seven hundred and seven is 85' 2 3 30 Am Pwr Am Ice Ps 3's 10-6 Am Hide Baldwin Loc Bait Ohio Bendix Aviat Beth Steel Boeing Aircraft Borden Co Barber Co Barnsdal Oil 14 Bnggs Mfg Pack sues plunged to new lows for thr year during the week and of tho 1,117 issues traded, 989 closed with losses while 69 were highland 59 were unchanged.

The number of losses was the greatest since September, 1937. Sales forf the week were the heaviest since the period ended. TM January 28, at 7,139,770 shares against 4,994,900 las tweek. Building Booms Construction Here Up In March Although no permits were is- Ul j- sued Saturday, construction and Crown Zellerbach. repair work in Reno for the first three months of 1939 was con- 154 3 4 82 '-i 4 4 28V4 5 8 4'Xs 5V4 Canada Dry Case, 1 73 Caterpil Tract Cerro de Ches Ohio 32 Chrysler Com'with Soth Cons Gas Cons Oil Corp Cont'l Bak Curtiss Wright do Curtis Pub Co 4 10V4 Cons Air 20 DuP de Nem 139 hieher than for the Douglas Aircraft 60 luguci ripprp Co same period in 1938, figures re- leased by City Engineer C.

L. Cont1 Mo tors Hill, revealed Saturday. East Kodak 163 Total building permits for the i i ec Auto Lite first three months of 1939 were I Eastern Air $459,043, while the 1938 figures Elec Pwr totalled $312,802. Half of the Gen Elec total was month gen Gillette Saf Goodyear Rub Goodrich month of March in 1938. Hudson Motors Permits for 27 new residences Huston Oil were issued during March, bring- Hecker Prod ing the total for the year to 41.1 Homestake 13 of March alone, $221,212 having been registered in that month, as compared to $239,890 for the 6V4 10 int'l Harvest Int'l Nick Int'l remuuctnife TM -r Inspir Copper 4 297, bringing the total for the 0 hns Manville ear to $85,215.

Kennecott 32 I Lambert Co 14-is Loews, Inc Lonllard 21 Libby Owens Ford 41 Miami Copper Marshall Field Mont Ward Martin Glenn 5V4 14 6V4 be North Am Aviat Total cost of the new residences was estimated at 183,293. March remodeling permits totalled $45 Pan American Clipper I Due in France Today MARSEILLES, France. April 1. were com- 1 pleted at the Marignane sea base Murray Corp on the Etang De Berre Saturday NaU Biscut for the expected arrival of Pan American Airways Yankee clipper Sunday at 2 p. m.

The only difficulty will prod Nash Motors Nat'l Distillers mooring the 74-passenger ship which is too big for any of the regular hangars. She will be tied up inside the breakwater of Marignane. Authorities said 4200 gallons of gasoline awaiting the clipper which expected to remain tvo days before taking off for Southampton to complete her trans- Atlantic crossing. Central Shipbldg 9-4 Otis Elev 18 Packard 33V4 Tonopah Cleanup Week Launched TONOPAH, April 1--Tom McCulloch, chairman of the board of county commisisoners, announced that a county-wide cleanup week will be inaugurated on Thursday, April 6, and extend through April 12. County trucks will be put into service during the week to pick up the rubbish in Tonopah, Man- I hattan, Beatty, and Round Mountain, and home owners were asked to clean yards, garages, and accumulated rubbish in order that the- county may dispose of it.

Paramount Pcnnev, Penn PhelDS, Dodge Phillips Pete Pullman Phillip Morns Pan Am Air Radio Radio Keith Republic Steel Reynolds Tob Corp 3V4 3 0 2 Safeway Stores Sears Roebuck Simmons Recognize Franco POUT AU PRINCE, Haiti, April 1 toverament Satur- Cal day recognized the Nationalist 1Tn)on pacjfic 1 TTl'aWf I -n- So Cal Edison Southern Pacific. Stand Brands Stand Oil a Stand Oil Stone 8s Webster. Studebaker Socony Vacuum Southern Sunshine Stand Oillnd Texas Corp Texas Gulf Transamerica 20th Cent Fox Trans West Air. United Aircraft United Airlines Union Carbide United Corp Union Oil Cal. 16 22 13 22' 4 18 '-2 134s 14V 4 20 5 15 4 Dow, Jones Averages 30 Industrials ..13283, up .99 20 Rails 27.24; up .86 20 Utilities 22.50; up .80 Approx.

sales, 1,560,000 shares. MARKETS AT A GLANCE By United Press Stocks irregularly higher and active. Bonds irregular; U. S. governments lower Curb stocks irregularly higher.

Foreign exchange steady. Cotton easy. Wheat and corn easy, off about to cent each. Rubber steady. LONDON BAR GOLD LONDON, April price of bar gold eased penny Saturday to 148 shillings 6 pence an ounce.

With sterling unchanged at $4.6812 at the time of price-fixing the American equivalent worked out at S34.76 an ounce, off 1 cent from Friday's price. Gold on the market amounted to Friday's takings were 74 41 3 i 37i '2 32'j 69 Vs 3 30 i 8 15 21-4 .4 10 20 142V 2 19 8 32H 2Vs 163 29 Vz 14 8 BOSTON WOOL BOSTON, April little demand was received for spot wools the Boston market this week, the U. S. department of agriculture reported Saturday. Most of the piecing out sales were closed at some concession from last week's prices.

An occasional inquiry reflected an interest in wool for the next season's goods, but most were- unwilling to make any commitments beyond current needs. Graded combing bright fleece wools were nominally quoted slightly lower at 27-29 cents the grease for fine delaine, at 28-29 cents for half-blood, and at 29-30 cents for three-eighths and quarter-blood grades. S. F. LIVESTOCK SAN FRANCISCO, April 1.

(U Hogs, five days, 1950. Top butchers $7.90. Packing sows $5.50 Cattle, 1,225. Top $9 90 on good steers. Fat cows $6 26.

Bulls $6.75. Calves, 25. Choice vealers $9.50. Sheep, 625. Choice light spring lambs $9.00.

Slaughter ewes $4.00. EXPORT COPER NEW YORK, April Sales of export copper were made Saturday at 10.35 cents a pound, c. i. f. European base ports, unchanged from Friday.

Domestic copper remained unchanged at 11V4 cents a pound, delivered. WASHINGTON, April --House leaders and Chairman Edward T. Taylor, of the appropriations committee, prepared Saturday night to begin a far-reaching inquiry into the Works Progress Administration next week. Taylor conferred with Speaker B. Bankhead and Majority Leader Sam Rayburn of Texas and prepared to call a meeting of his committee Monday to agree on procedure for the investigation.

It was understood that the regular relief deficiency sub-committee would conduct the inquiry, with Rep. Clifton Woodrun, ranking next to Taylor on the sub-group, in charge. Woodrun, leader of the house economy bloc, has already received a vast amount of suggestions on WPA activities to be investigated. The resolution for the investigation, Introduced by Rep. E.

E. Cox, provides for either a full committee or sub-committee inquiry. Woodrun and others, it was learned, have little hope of completing the investigation before the billion-dollar regular relief appropriation for 1940 is brought I before the house. However, they I hope to make a general study of the relief situation before consideration of the bill is completed. WEATHER NEVADA--Unsettled and mild Sunday and Monday; light local showers.

Highest temperature yesterday 72 degrees; one year ago 53 degrees. Lowest temperature yesterday 39 degrees; one year ago 24 degrees. Normal temperature yesterday 44 degrees. Mean temperature yesterday 66 whch is above normal 12 degrees. Temperature yesterday at 5 a.

m. 40 degrees; humidity 70 per cent. Temperature yesterday at noon 64 degrees; humidity 35 per cent. Temperature yesterday at 5 p. m.

68 degrees; humidity 24 per cent. Precipitation for 24 hours, ending at 5 p. m. yesterday, none. Normal precipitation from September 1 to date 5.79 inches.

Total precipitation from September 1 to date 3.11 inches. Deficiency compared with normal 2.68 inches. ARRESTS Newel Hancock, 21, speeding; BoVee Dods, 15, speeding; Mrs. George Crotto, disorderly; John M. Brown, 25, disorderly; Willie W.

Pope, 39, disorderly. DECREES GRANTED Clarence T. Black from Florence M. Black; Henrietta Rose Hems from William H. Hems; Georgme Hunt Wright-Clark from Peter Campbell Wright-Clark.

CLAUDY SPEAKS AT LODGE MEET Noted Mason Tours Nevada 43 Vs i 10 7 15U 43 VB 8 14 21 NEW YORK METALS NEW YORK, April Following are Saturday's custom smelters prices for delivered metals (cents per pound). Copper: Electrolytic HVi, export 10.35; casting f. o. b. refinery 10.17%; lake, delivered Tin: Spot straits Lead: New York 4.85-.90; East St.

Louis 4.70. Zinc: New York 4.84; East St. Louis 4.50. Aluminum: Virgin 20-21. Antimony: American Platinum (dollars per ounce): 32-35.

Quicksilver (dollars per flask of 76 89.50-36.50, nominal. Tungsten: Powdered (dollars per pound of 98-99 per cent): 1.852.00, nominal. Wolframite: Chinese (dollars LONDON BAH SILVER per unit): "1 per cent metallic LONDON, April content," duty paid, 19-20, nom- silver was fixed at 20 pence an ma ounce Saturday, up 1-16 penny. Based on sterling at $4.68.12, the American equivalent was 4217 cents a fine ounce, compared with Coster Estate Millionaire Left Only $36,260 FAIRFIELD, April 1-- (U.P)--According to an appraisal filed Saturday in probate court here, F. Donald Coster-Musica, master swindler who played with millions, left an estate of only $36,260.

Major item in the appraised estate of the man who headed the $87,000,000 wholesale drug firm of McKesson and Robbins, and killed himself when his criminal record was exposed, was listed as the yacht at $35,000. Other items included personal effects and an $850 automobile. MARRIAGE LICENSES Bob Hildebrand, 27, and Gladys Tueller, 30, both Reno; Jean Lon Harrigal, 31, Reno, and Anna Laura Cook, 26, Portola; George B. H. Macomber, 38, and Josephine Jeabody, 50, both Reno.

ACTIONS FILED Henrietta Rose Hems vs. William H. Hems; Clarence T. Black vs. Florence M.

Black; King O. Windsor vs. Grace L. Windsor; Vera Jane Necker vs. John E.

Necker; John F. Margerson vs. Anna Olmstead Margerson. Car Plunges Into Canal, Two Killed HANFORD, April L--CUR) --The bodies of two men, one identified as Vere E. Chambers, 45, of San Mateo, were found Saturday night in an automobile which plunged into a deep canal 15 miles south of here, after missing a turn on the Kettleman City highway.

The other victim was not immediately identified. Concluding a series of visits to Nevada F. A. lodges, Carl H. Claudy, noted Masonic author and active in the Masonic Service Association, Friday attended a gathering of western Nevada Masons in Reno before continuing on to San Francisco.

A highlight of the evening was the presentation of Claudy's play, "The Rose Upon the Altar." Taking part in the play were E. H. Beemer, R. H. Parker, P.

W. Hayden, C. A. Gunderson, F. D.

Murphy, Lyle Durley, C. A. Rhodes, Arthur Daniels, Leslie Sanford, Robert Foster, L. E. Layman, Charles Kincaid, V.

C. Kester and Walter Devereux. Claudy presented a 50-year service pm to A H. Smith, while a gavel was presented to Elwood H. Beemer, grand master of the Nevada grand lodge.

mmmmm iV I I AIDINGCOURTS Return Tickets After Immunity Pledge LOS ANGELES, April --Irish sweepstake tickets continued to flow into Lcs Angeles by mail Saturday as U. S. Attorney Benjamin Harrison announced subpenas served on approximately 40 persons who won minor prizes in the last sweepstake. The Los Angeles Evening said new tickets arrived by first- class mail with rubber stamped instructions on envelope backs to "Return Seymour I. Huffsmith, 2004 Fourth avenue, Seattle, Wash Marshals, seeking another SO persons, emphasized that winneri were being served merely for testimony which might lead to apprehension of dealers and agents.

They reiterated that witnesses would not be prosecuted nor that their winnings would be DAIRY MARKET SAN FRANCISCO, April market. Butter: 92 score 26c; 91 score 25c; 90 score 89 score 24c. Eggs: Large large standards medium small 42 04 cents Friday. Forward silver was quoted at pence ounce, up 1-16 penny. Spring Party Given By Fireside Circle A spnng party was held by the Manzamta Arc of the Fireside Circle at Reno high Thursday, with decorations following an Easter motif.

Games were played and refreshments served. The committee charge of arrangements consisted of Audrey Foote. R'gene (CQ) Eby and Josephine Twaddle. FROM LOVELOCK TONOPAH, April Nimy, Nevada cowboy artist, is an arrival in Tonopah from his home in Lovelock. CORNS REMOVED Corns, Bunions, Ingrowing Nails Remised i pain--Weak and Broken Arches WHY SUFFER? DR.

EDWARDS SONS FOOT SPEC1AUSIS 87 Sierra S- 4851 BRAWNER IN CARSON CARSON CITY, April 1--Lee Brawner, chief deputy U. S. Marshal, transacted business in Reno Thursday. THE MT. ROSE ARMS GUEST HOUSE 429 University Terrace TELEPHONE 8475 A A Hickock to Manage New Club Rooms John Hickock, who was formerly associated with the Verdi Glenn resort, is now managing the Lawton Hot Springs club room, it was announced here Saturday.

IN LOS ANGELES TONOPAH, April lone Hallock of the grammar school faculty, us spending the week in Los Angeles. Don't lake chances on trees shipped in from warmer Plant trees grown here at SCHOPPER'S NURSERY Free Planting and Phone 7559 Second at Park StrMt 10 3 30 14 8i' 2 19 34 27V4 12 1 7 8 32 69Va 23 regimt of General Francit-co 27 34 V4 37 S2 1 10'j 7 20 17 1 Competent-Ho nest-Progressive WM. KELLY KLAUS for MAYOR of RENO Business-like Administration of Public Affairs. Humane and Understanding Consideration Given to Problems of Common Man. YOUR VOTE SOLICITED AND GREATLY APPRECIATED (PAID POLITICAL ADVERTISEMENT) SPECIAL PUCO OfFfR MX! LINKOTA (Linoleum Finish) tV SCREEN "FIX-UP" KIT A Repair Kit to mend holes --r pint of Da Pont Screen handy Sprwder for applying ratl Tix-Up" offer! COPPER COLORED SCREEN ENAMEL Give your screens smut, modern copper color with this fine enamel.

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