Arizona Republic from Phoenix, Arizona on February 17, 1941 · Page 35
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Arizona Republic from Phoenix, Arizona · Page 35

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Monday, February 17, 1941
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circulation buUt entirely on American News- Pub Assn., Ariz. News- Assn., Audit Bureau of illations. (Section Two) 51st Tear, No. 275, Phoenix, Arizona PUBLIC (Section Monday Morning, February 17, 1941 Two) Only morning newspaper in whole Southwest served by all three—Associated Press, United Press and International News Service. IANTS THREAT OF SPRING DRIVE FLOORS MARKET ********************************** im Levels Of 1929 Topped By Steel, Auto Plants And Cotton Factories lich Hinges »f ense Of ;§>at Britain How's Business? ,'spring 37 I COMPOSITE BUSINESS CHART rt 39 1941 4-10 MONTHLY sJlsJbsi. W 1640 WEEKLY -10 -20 THIS WK. LASTWK. NO CHANCE + 16 8 + 16.8; 0.0 *the collapse'of France last' tp'wnr taxes, wartime trade riif- l? ?« inrreasinj: concent rat ion fen on war'tasks and other; terter into market calcula^ *&'ffi in specuMive! on world shaking events in i mhu-e become almost a t ration taW market place since S?Hitler began his conquest of n Naa ?t move into Austria in Trade Volume Flattens Out '--' ' "" L " By ROGER W. RABSON Householders should now put rising income into permanent fixtures Dollar Purchase Price Plus 17.1 (Exclusive Republic Dispatch) NEW HAVEN, Conn., Feb. IB Wholesale commodity prices for the week past, based on the, Dunn and Bradstreet quotations, was 8.5.4 per cent of the 1926 level, Irvine Fisher, Yale University professor, announced today. The purchasing power of the dollar is 17.1 cents higher than it was in 1926, Professor Fisher said. In the following table the first column shows the net change in the purchasing power of the dollar and the second an index of wholesale commodity prices as compiled by Professor Fisher. Average conditions for l»2fi are taken as 100: This index—compiled by the Publisher* Financial Bureau—is a composite of live recopiized business indexes. prage 1 in loud market cracks, erience has taught the Vail Streeter military For the second time in three r—•«•- .„„,, ., finwers bios-' weeks > business volume shows no . tames a well as nowers DIGS , comnosite index ihi* so they will have something to show i in the springtime. _ u !f..__"ff; -, C o > _5f >m ?_° s '.u.. I " d ^_l 1 l', s for their present labors after the war boom is over. A year ago, business IStiDDlementinglessons of the past!week is 16.8 per cent above normal. Jfeee years has been testimony in which is the same figure registered IB leiid-Iease bill hearings in con-,last week. » ••—>- -— >—-'—— EL forecasting another spring was 1.5 per . There are no signs yet of any falling off in the demand for work-j ers in most capacities. Jobs are tier to bring the j to a decision. . Reult Hintes On Britain f- E ng- second™d^third -^January " totaling 12.2 points. A period Immediately in question, as fi- digestion is in order. ncialcommentators view the war Armament contracts now total is England's Chances ofj over $12,000,000,000 and the e,nd is loads are diminishing to the betterment of the city, state, and national-debt picture. Total employment is hardly possible: but there are now at least 1,500,000 - ., , " , ui«,,.i. «4 ' ^ • ,-—,-- ~ — -- ijn-j tr ni r jjuv> rti jrrt.^L .l,,Jin/,lA/v „„ off threatened blows at |Ilo t yet m sight. It takes time for more emploved than there were a British Isles, in the Mediter-.these contracts to be translated into -— '"«-=- ••- —-•'-• «-'an and possibly at her far istem bases. Economically the United States j so closely tied with the British npire, business and market fore' 'ng largely hinges on the out; of the axis strategy to over- le strongholds of British power. actual dollars and cents in individuals' pocket books and bank accounts. However, sales of retail establishments are now reflecting the increased purchasing power of the workers. Demands for furniture, household cloth- 1911 Drr. (loivrot) I92tl Mfiy (prnk) . IKll Average ... 1R24 Average ... 19M Average ... I!l2fi Average ... 19JX Avrrace ••• 1929 Averace ... Averace .... Average ..., Average. .... Average ... Average ... Averace -.. Average — Average ... Average ... 1931 1ST.! 1933 1934 Iain 193« 1937 193R Avtrae Jan. Avrrae* Kpb. avtraci* Mar. avaracc Apr. average May average 4une. average. July average. Aug. average Sept. average Oct. average Nov. average Per. average 1041 Jan. lit neek Jan. 2nd week Jan. 3rd week Jan. 4th week Jan. nth week Jan. Average. . Feb. 1st week . Fen. 2nd week 67.3 167.2 101. i 98.9 111.1.2 lOU.tl 94.1 year ago. This figure could he doubled before a real scarcity of \vorkers is encountered. Rents, clothing, food, fuel, electricity, ice, and. in fact, all items! naturally included in the cost-of-j living picture continue a't relatively low levels. Rents alone show a I tendency to rise against the fairly firm status of other items. Gradual homes so do I increases in other items are bound 'the as yet. tene sttongos o ritis pow er. equ i pmeriti i uxur} - goO ds, and cl foe industrial taeup with England m are j ncreasmg . As i adv - ae Ifcativelyhasbecome greater since I purchase of smM homes so extension of isazi control oyerj belipve that monev sh ould now be ultimately to appear, but the cur continent ) and war ^materials t for nousphold improvements rent situation gives, ie a grolmg proportion of b.l nd utimies of a lasting nature. ! cause for alarm. no ports to Britain. I the question of England's ; stamina, it appeared, was """ lie "United States ijgoto war. i Sellinc Wave Fe.lt i-leaviest selling and widest !:fleclines in security markets! NEW YORK, Feb. 16— (AP>—) WASHINGTON, Feb. 16—(AP) I week came alter Wendell LJ Corporate earnings reports issued|The Federal Housing Administra- ,-backing the lend-lease bill|during last -week showing profits:1ion reported today that construc- Common Share Home Building ProfitsTUisted Gain Reported (greater aid to England, said the ':ed$tetes would be at war in a tlirae if Britain fell, idering the complexity of s«ntering into market fluc- the impact of this testi- per common share included: 1940 1939 Quarter ended Dec. 31 Black and Decker Colo. Fuel and Iron Continental Steel ' MI speculative quarters was Reynolds Spring lie to measure. But itj to spread the notion that! American Can r with the approach of! Chain Belt ing, -was nearing another big! Chrysler point which would influ-Clev. Graphite Bronze lirs for some time to come. Cluett Peabody Out of the collapse of France and ! Crucible Steel for the fate of England Du Pont .r tte United States' $28,- M. A. Hanna w.OOO.OOO defense program, hold- George W. Helm* !? promise of the biggest "pump- 1 Kroger Grocery Miung" injection of government i Libbey-Owens-Ford Pending since the World War. I Monarch Mach. Tool Industry Forges Ahead Ic. C. Murphy Early results of the tremendous i National Biscuit rms spending splurge were ap-i Pacific Tin •arent in January industrial rtatis- Sunshine Mining MS, thowing record breaking con-! Union Bag and Paper 0.72 .57 1.2fi .86 $0.4S .98 2.21 .97 tion of 103.187 small homes were started with-private capital under the FHA program during the last seven months, a 32 per cent increase over the same period a year ago. About 85 per cent wprp in areas where expanding national defense Year ended Dec. 311industries created housing needs. of rubber, cotton and U. S. Tobacco «2r 7 W reaterial . along with un- Western Union 'tecendented winter activity in Woodward Iron »a. Heavy construction and other JF. W. Woo] worth noustries. 5.88 2.13 8.69 4.10 3.74 10.24 7.23 2.33 5.15 2.51 3.97 5.63 6.58 1.50 .90 1.82 1.67 2.0S 3.46 4.27 2.48 6.22!Abner H. Ferguson, administrator, 1.92!said. 8.47| 5.42| 4.16 2.541 7.701 1.23 5.96 3.02 3.21 3.53 6.47 I- 68 announced today. .-47] The plan, similar to one used for 2.131 nearly a year bv many railroads, •"6 ! ap p]jes to fares of $50 or more. No I." 6 collateral or down payment is re- 1.32 Quired with the cost spread over 2.25 ! 3.02 Paradox Seen In Dividends, Stock Prices NEW YORK, Feb. 16—(API— The billions of dollars at which America values its vast inventories of stocks and bonds appears to be beginning its third severe price test since the war in Europe began, informed Wall Street quarters said today. Share prices, weighted by the woes and uncertainties of war over more than half the world, sank this week to the lowest levels, with the exception of June 1940. and the spring of 193S, since 1935. This occurred even while American industry was turning out a greater physical volume of goods, for defense, for Britain and for an expanded and more solidly employed populace than ever before in its history• The Associated Press Index of industrial activity—embracing such key activities as automobile production, stppl mill activity, cotton Roods making, homo building and freight movement — stood at 124.9, above even the boom levels of 1929. The Associated Press average of the prices of 60 representative stocks was down to around S40, al- m'ost as low as when Germany was invading the low countries and France last June. Earnings Compared One close observer, however, pointed out that while the common shares of one of the greatest railroads in the country, which paid dividends, depression or no depression, is selling at a price to give the buyer a return of 6.56 per cent on his money every year, the stock of a big communications company! yields 5.89 per cent, and that of a! leading oil concern 5.17 per cent.! cavings deposits gave a return of only about two per cent over most parts of the country. The conclusion of this observer was that share prices had already "discounted" more troubles than CLEVELAND Feb 16 (AP) war, destruction and growing taxes A shortage of nickel, essential had yet produced. metal used in armor plate and Reactions Are Felt stainless steel, is a source of con- Others, however, banking on cern to the industry, the maga- near-by developments in the warizine "Steel" reported today, spreading to east and west of the «& maker of stainless steel United States, have been pointing , n eets promises delivery in 16 to market history to indicate that t o 18 weeks, with a clause ex- each major turn in the conflict hasj eniptinc him if unable to get seen its reaction in quoted prices! ...« — *.— here. i The war pattern has run like' this: j 1. From mid-1938 until the spring' of 1939 share prices were in aj climbing mood, paced more or lessj to a general recovery in American j industry- -- 2. As more and more operators | Several steelmakers are taking in the stock market concluded war .. drastic steps to apportion steel was inevitable, prices broke sharply! e q u itably" and some have "de- + 48.0 — 10.2 — 1.1 + 1.1 — 4.» O.I) + 2.1 + 3.8 + 16. 1 + 40.4 + «2.4 + S6.R + 30.7 + 30.S + 19..1 + 10.3 + 23.2 + 23.7 + 19.7 + 1B.H + 18.1 + 1H.7 + 18.S + 19.4 + 21.2 + 23.2 + 22.0 + 20.4 + 18.& + 17.7 + 17.1 + 1B.S + 18.1 + 16.1 + !«.* + 16.5 + 17.1 Sfl.J 8«.:i 71.4 «1.6 64.1! 76.6 8.1.0 83.7 90.7 81.2 80.9 8.1.1) 8.1.8 84.A 82.2 84.4 83.8 82.5 81.9 81.2 82.l> 83.D 81.4 K3.0 85.4 85.8 86.1 86.1 85.7 85.8 85.4 85.4 (Copyright. 19*1. by Irvlnr Fisher) Nickel Supply Termed Short U. S. Accident Total Rises With Prosperity By J. G. DONLEY NEW YORK, Feb. 14-^The busier we are the more accidents we have. The cost of rising industrial activity, of increasing prosperity, is a greater toll of death and injury from accidents of all kinds. The 1940 accident death toll in the United States was 96,500—four per cent greater than the 1939 total of 92,623—according to preliminary figures compiled by W. G. Johnson, chief statistician of the National Safety Council. "Increased activity in all fields —largely attributable to national defense—was the key to much of the increased toll," says Mr. Johnson. "But rising death and injury totals cannot be accepted as an inevitable accompaniment to national preparedness. Successful accident prevention often has been achieved in the face of increased exposure." Efforts To Be Redoubled Efforts of safety engineers may be redoubled this year, and they should become, in effect, if not in fact, a part of the national defense effort. For it is highly important at thus stage of planning and working to make the nation strong that such waste of manpower and economic strength be reduced to a minimum. From the angle of military manpower, Mr. Johnson points out that accident deaths during 1940 among men in the selective service age brackets—21 to 35—totaled approximately 14.000, and thus amounted to the destruction of a full army division. There is some encouragement, however, in the fact that the 1940 toll, despite the record pace of the industrial speed-up for defense which finds many workers traveling 30 to 60 miles by motorcar to and from work, is far from the highest on record. In 1936 there were 110,052 accident deaths, or 14 per cent more than in 1940. In fact, six of the 10 years preceding 1940 turned in higher death totals. Present Figures While no effort is made to put an economic value on the lives lost through accidents, Mr. John- son presents estimates of wage losses, medical expense and overhead costs of insurance due to accident injuries resulting in permanent or temporary disability. His figures run up to a rather staggering total, as follows: Accident Costs Motor vehicle $1,600,000,000 Home 600,000,000 Work 650,000,000 Public 400,000,000 Total costs $3,250,000,000 The total number of persons injured in 1940, in various kinds of accidents, according to Mr. Johnson's estimates, was 9,200,000. 0" these 1,200,000 were injured in motor vehicle accidents which are estimated to have caused about 100.000 permanent disabilities. The toll of injured in accidents in the home was 4,750,000, with falls and fires the most common causes. Accidental injuries suffered while at work involved 1,400,000 persons. So- called "public" accidents (excluding motor vehicle accidents) resulted in nonfatal injuries to 1,850,000 persons. Under this classification come falls in public places and also accidents on all manner of public conveyances—land, water and air. Few Major Disasters Mr. Johnson says there were few major disasters in 1940, so that nearly all accidents were one or two-death cases. Classified as to kinds, the national accident fatal- itv toll last year compares with 1939, as follows: 1940 1939 All accidents 96,500 92,623 Motor vehicle 34,400 32,386 Public (not motor vehicles) 15,500 15,500 Home 32,500 32,000 Occupational 17,000 15,500 Half of the 1940 increase in the total accident death toll came from motor vehicle accidents, with an increase of six per cent in traffic deaths. But, since motor vehicle mileage was also estimated to have increased six per' cent, the death rate per 100,000,000 vehicle miles was unchanged at 12.0. Occupational accident fatalities rose 10 per cent, and home accidents rose about two per cent. Air Lines To Try Installment Plan CHICAGO. Feb. 16—(AP)—Air travel on a monthly installment paying plan will be inaugurated on March 1 by 17 leading air lines, the Air Traffic Conference of America for the noise of fall. markets. Jt lay beyond the heralded <™is vi-as a topic railing Ruberoid Firm NEW YORK, Feb. , idpas - B «t visible in I The Ruberoid Company, makers of ,™ re Ports was evidence . .._ ..... „ builders products, today reported ling off in productive 1940 net profit of $802,100, equal to attributable partly to ca- $2.02 a share after federal income operations in major indus- and capital stock taxes, compared with $608.128. or 51.53 a share, in to financial cir- 1939. Sales of $17,369,902 were the that the fall in largest in the company's history —. had interfered and topped 1939 by nine per cent, new corporate financing and i Plants are in New Jersey, Illinois, .P.ut a temporary crimn in Pennsylvania, Maryland, Alabama, ISInff nf !... *. . ' --- - -- ' ..._ »»: —_..«: several months. •The air lines in adopting this plan are convinced it will enable them to tap an enormous new market," the announcement said. "A _ . —, . ; recent survey showed that 63 per Kltr f w/Tin!cent of the persons who have avail*"-6 ^""led themselves of the opportunity to purchase (railroad) transportation on the installment plan would have stayed at home had the plan not been available." Applications for travel credit may be made at any air line ticket office or travel bureau. A service charge for such accommodations is made. , of capital for defense ln "fer view, how- ana1vst * *™ mw > rtfll-dimbinc out- e money eventual- r Uctory indicc * *. probably after a sprint " axis SUC *<-<*I«<J in cuttinB En stood to lose in Minnesota, Massachusetts, Missouri ad Vermont. /ngof, Casting Record Broken NEW YORK, Feb. 16— (AP)— January steel production reached a new record high of 6,943,084 net tons of open hearth, Bessemer and England in'electric steel ingots and castings, finish set hack, it was ; the American Iron and Steel Insti- « bHmi*"?!" he mm( ~ 1han off-!lute said today, irodunt". lflcation °f armament! In the previous peak month, October, 1940, production totaled 6,643,975 tons. January output represented a gain of 7 per cent over 6,493,849 in December and 20 per cent compared with 5,768,729 tons in January. o The world's first underground chain-rope railway has just been installed In Germany's only cop- «t homo, appraise was effect ho nation's e of thr foremost evaluations. A pral taxes has the fi- in market Distillers Firm Reports Profit NEW YORK, Feb. 16— (AP) — National Distillers Products Corporation for 1940 today reported net profit of $6,711,962 after taxes and charges, equal to $3.28 a common share, compared with $7,007,124 or $3 34 a common share in 1939. Net sales totaled $70,927,647 in 1940, compared with $59,170,887 in the previous year, an increase of 20 per cent. The smaller net, despite larger sales, said Seton Porter, president, was due to provision of $2,226,750 for federal income and_ capital stock taxes, against $1,0«,707 last year, an increase of over 100 per cent. «as h nrxt 1ax m ° as - therai e « n r? 1 ? s " y m ' or how lper mine. srtH it iv Bllkp 'y would go and °uaea burden may bp placed pay the Sending special letters by pigeon is being considered in England. nickel," the trade publication •aid. "More and more do makers insist on showing of priority slips from Washington before honking an order. Often such a slip is four or five stages removed and has to he traced through prime contractors and subcontractors." into the summer of 1939. clared a truce against incoming 3. \Vhen war broke out in Sep- orders from branch offices for a temher of that year, the vision of; time During the interim, one im- quickjarms profits brought a boom- |portant flat steelmaker is making let, that lasted until towards the a care f u [ .survey of 1940 shipments end °f that year. and will restrict customers this Balloon Still Deflating- ! vear t o the tonnage they took then 4. Ever since, that balloon has, with due allowance for increase in been deflating, as higher taxes and defense orders." • the enormous complexities of esti- T nrfi,.i/iiiai ttpptmakprs thp map- mating the proper values of indi- „•"„ VnntinupH iS iu weeklv rf- vidual securi?ies P in a world at war ™? ^Ta "oiVfS ^ have kept new buyers to a mm-| of e rationingj kn oxving more pre, . ...jcisely the needs of consumers, than w ,, e 5, m °y M itl could Washington, it is still recog- Wall Street men I see it, makes a nearby testing of the price level almost inevitable. This is particularly true, these market men think, because the present average price mark is what they call "critical," that is, about at the same point where previous declines of recent years have been C To orthodox students of the price j ingot" production dropped one-half trends in securities a breaking|P°' nf - Ia ^ week *° 96Ml per cent o{ through to lower levels from this es *™ l ! t ! !d c ^,^,~',.. ;„ rprta ; n point would be a sign that a further Slight adjustments in certain slide.was in prospfct. Many n,enj«^l«»P 1 «PS»« 1 « n «' 1 ^ ^ cents to $38.23, nn«"asi while "finished steel and steelworks to price MMin^mte^^V^FrSSltf at $56 ' 6 ° world is topsy-turvy. and * 19 - 91 ' respectively. Inized "Supply situation become* ever tenser, though many well-informed member* of the industry believe, this !»• the zero hour and that by Rummer the confusion will have given way to a degree of calm." The publication's index of steel Businessmen Puzzled Publications that businessmen follow closely have been speculating regarding the problem of share prices with renewed interest recently, after a period in which a do- nothing stock market had made such comment almost pointless. This is the way in which Business Week, in its leading story today, saw the market situation: "x x x Common stocks cannot be considered good buys when conceivably they might he picked up at war-sale prices. 10 to 15 per cent lower, a few weeks later. So bargain hunters have been holding off. They have been waiting for the vaunted German offensive—and an indication of its outcome." Samuel Travis, 54 years old, was arrested in London charged with stealing a suit of civilian clothes from the British War Office. Using three horses, Charles Turner rode 800 miles from Leigh's Creek to Winton, Australia, in 14 days. "filFRIGERATOft ICE £ KUNZ BROS. & PHONE AND MACHINISTS GENERAL MACHINE WORK c " EBSIMI - CORKER SECOND aVENDE AND JACKSON Heinze. Bowen & Harrington, Inc. HEADQUARTERS FOR OFFICE SUPPLIES MAI!, ORDERS PROMPTLY FILLED 228 W. WASHINGTON PHOENIX Lee & Garrett AUDITORS anTACCOUMTAHTS \ I2th Floor LUHRSTOWER/ mCOME TAX CALIFORNIA Marine Casualty Insurance Fidelity and Surety Bonds Representing Many of America' i Leading Insurance Companies Phoenix, Arizona ^/t A«C/t«.*lCe phone 4-5515 Ground Floor Professional Building Mark Is Set By Pig Iron CLEVELAND, Feb. 16—(AP>— Another all-time peak In pig iron production and the possibility of a new seasonal record in ore shipments were recorded today by the magazine Steel, as the industry's operating rate remained steady at 97 per cent and demand continued unabated. The volume of steel sales continued to increase, "though not as rapidly as previously," and the bulk of steel sales are now for second-quarter delivery, w-ith some for early third quarter, the publication said. Steel prices for the second quarter probably will not be announced for three weeks, and "hinge entirely on wages," since scrap prices have declined. "Some predict well over 75,000,000 tons of Lake Superior iron ore will be shipped in 1941," topping by nearly 10,000,000 tons the previous record established in 1929, Steel said. At 4,666,233 net tons, the January production of coke pig iron established a new all-time record. The pig iron operating rate increased 2.3 points to 98.7 per cent of capacity, and has registered consecutive gains each month since April, 1940, except for December when it paused at 96.4 per cent. The Ford Motor Company, again the first inquirer of the season for iron ore, is asking for 295,000 tons, compared with last year's inquiry of 280,000 tons. Among the "surprises" of the market are additional orders from consumers who had been considered well supplied, and further plant extensions by companies whose extensions "presumably had been completed," Steel reported. Nationally, Steel reckoned ingot Electric Bills Continue Drop WASHINGTON, Feb. 16—(AP)— The Federal Power Commission said today that the trend of average monthly bills for residential use of electricity has been downward each year since 1924. In a survey, the commission said the average bill for 100 kilowatt hours in October, 1924, was $6.18 and on January 1 of this year it was $3.83. On'January 1, 1940, it was $3.88. Babson Urges Labor Peace In Emergency By ROGER W. BABSON BABSON PARK, Fla., Feb. 16^I have always been sympathetic with labor. During World War I, I served as assistant secretary of labor In Washington. I am sure that labor leaders will tell you that I was fair in solving the problems that came to the department; and, believe me, there were enough of them! I soon learned that arguments did not do much good, and that lawyers only messed things up. Labor troubles are emotional, not statistical, and the cannot be "fought" successfully. Both sides are usually honest and serious from their point of view. The quickest way to solve a real bad labor row m to take the employer around to the homes of the workers and see the condition* under which they live. Then have some of the strikers shadow the boss for a few days and see how he is workine for them 12 to IS hours a day against the keenest .competition. Of course, there are some labor leaders who selfishly think only of themselves. They purposely stir up trouble to get the union to give them a raise in pay. Some are connected with wicked rackets. These should be put in jail. Most labor leaders, however, are earnest and trustworthy men working to better the conditions of the workers as they see the light. The chief cause of labor troubles is not the labor leader, or the wages paid, or the working conditions; but rather the expensive manner in which certain employers live, the way their children foolishly spend money, and the mistakes they make in exhibiting their power and wealth. Very few wage workers are jealous of the employer who founded the business; but it does "burn them up" to see the employers' children racing around town and blowing in mone>% while their own children have barely enough to eat or are unable to continue schooling. So much for where I stand on the labor problem. Furthermore, let me say that in normal times labor unions are both right and necessary. When it conies to questions of strikes or lockouts, in days like these, I feel that both are selfish, cowardly and, unpatriotic.. - The stirring up of .750,000 rail workers (Continued On Page 5, See. 2> production unchanged at 97 per cent of capacity. Two of Steel's composite price indexes dropped, due to reductions in scrap. Steelworks scrap was $19.91, down 18 cents and the steel index was $38.20, off 2 cents. China shipped 113,000,000 cigarettes to Japan in one month. 10 KT. GOLD MOUNTING $5 and your old mounting buys this modern 1941 setting 50e WEEKLY TYPEWRITERS NEW AND USED and Oth«r Malm U*u,n<J Stnkt Dtfaittxal Don't Throw Away Old Shoes You can have them remade at such a small cost that it would h« iilly to buy new ones. Bring them to us now . . . have those REPAIRS J,'f ""•* PAYNE'S Shoe Service 35E.Adams 46 E. WASHINGTON BILL RUDD this question "My husband carries a personal accident policy. If he should be injured and his employer did not stop his salary during the period of disability, could he also collect Indemnity from the insurance company?" on any insurance problem consult Staipard INSURANCE ^=^» A0ENCY PHONE 4-1135. 35 W.JEFF. EASY MONTHLY BUDGfT PAYHEMJ PLAN Remember 43 —and you've got our number K D GRANGE was No. 77. There was the Old 97. Numbers of tea mean something special, particularly our favorite number—43. Of all the motorists who dropped in at Standard Stations during the past year, 43 in 100 called exclusively for free service. That's being neighborly. * * * Now, when nearly half our customers drop in simply to have the windshield cleaned, air put in the tires, or the battery checked, it makes this Company very happy. It shows that the old inhibitions against asking for service without buying something are a-boggling down. Relations have become friendly. + ^ ^ Standard has many reasons for hoping that all motorists will quit waiting until they need gasoline or oil before they ask these services. Consider only our most selfish reason: Clean windshields, sure tires, dependable batteries contribute to the safety, co'mfort, and pleasure of motoring. Wherefore people drive more. More gasoline is sold. We share in die benefits. Everybody profits. * * * Each year we hope to do a little more business. But we hope with equal sincerity that in the next 12 months still more motorists will drop in for service—without bothering to buy anything. They'll increase their volume of pleasure. Some lives will be saved —due to an increased volume of safety on the highways. Our services are — sincerely yours. Standard Oil Company of California

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