Lubbock Morning Avalanche from Lubbock, Texas on March 13, 1942 · Page 4
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Lubbock Morning Avalanche from Lubbock, Texas · Page 4

Lubbock, Texas
Issue Date:
Friday, March 13, 1942
Page 4
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HT- ax Schedule Is Proposed By National Association One Of Features '.WASHINGTON, March 12. (IP, The National Asspciation of Manufacturers proposed a new tax schedule today featuring a sales tax or consumers tax o£ eight per cent. It asked for increased individual income taxes, but proposed that the levies be held substantially below the scale proposed by the treasury. It proposed a .90 per cent excess • profits tax with modifications of the method of computing what constitutes "excess profits." The Treasury had asked a rate ranging from 50 to 75 per cent. Where the Treasury had called for combined normal corporation rates and surtaxes ranging from 31 to 55 per cent, the NAM asked that this rate be 40 per cent. Would Bridge Gap J. Cheever Cowdin, spokesman for the asociation before the House ways and means committee, estimated the program would yield the Treasury about $7,600,000,000 of increased revenue. The Treasury had proposed rates estimated to yield $9,600,000,000. Cowdin suggested the gap be bridged by a $2,000,000,000 reduction in governmental expenditures not related to the war. Of the estimated $7,600,000,000 yield of the NAM program, $4,500,000,000 would come from the sales of consumers tax. This pro; posal was in two forms. Cowdin Market Reports The Nation Over Spotlight Stocks .. NEW YORK, March 12 </Cl —Sales, closing price and net change of the fifteen raost active stcclss today: Net Sales Close Change Stand Brands 14,300 3 General Motors f'.4M Std OH NJ — <MOO US Steel 8.200 Socony-Vac Chrysler Am Tobacco 5.800 6,100 5.SOO 33 32' 49', 6V 52 '.,9 -r V« 4- Vt -*- 1 — 2'i 1'i 37% 4.500 23'* 4.500 4V. 4,300 16? 4- !'.'• 4- 1 NY Cntral 5,800 -i N'ortft Asier Co —_„- 5.600 Willys-Over 5.300 Atch T r.nd SP General E!ec Am Had and Std Sail 'alino Mine Ain Tel and Tel 4.300 120'.; Stock List.. NEW YORK, March IS H") Bales In 100's High Low Close Am Can 14 M'.i 5SV« 58',', Am T and T 42 122 120V, 120^ 4m Woolen 4 IV. -Hi 4',i Anaconda 13 26 25?k 25' AT and SP 52 31 ! i 26!'* 27 Aviation Corp 22 3V« 3V« 3Vi BarnEdall Oil 2 . 8»k CnrvEler 67 52V* SO'i 53 Cent Oil Del 16 19*i 19'.* IS". Curtiss Wright _ IS 7V. 7 3 i, T! Douglas A!rc 3 621o 62 62',-j Freeport Sulph 5 31 33?, 33*: Gen Elcc 48XD 23'i 23?k 23} Gen Motors 84 33»i 32»i 33 Goodyear IS 121k 12 = . 13T Greyhound 6 11'* lUi 11V Houston Oil 1 2Vi Int Harvester 10 44 3 ; 44V* 4*? Mid Cont Pet 4 12Vi 121k 12 MET i Va Ohio Oil 3 6V. 6V, 6> Packard 10 2V, 2 2 Pan-Asa Airways _ 2 14V. 14»£ 14 Panhandle P and R 1 Penney 8 61'A 33 61V 33 8 At A Qlance .. NEW YORK, March 12. W'J— STOCKS: Uneven; steels, motors improve. BONDS: Lower; utility loans under pressure. COTTON: Quiet; trade price fixing. CHICAGO:— WHEAT: Higher; flour and milling trade activity increases. CORN: Higher; house approves CCC grain sales restrictions. HOGS: Fairly active; 5-15 higher; top $13.65; small supply- CATTLE: All classes active; moderate receipts. Qrain .. levy a four per cent manufacturers tax, plus a four per cent'consumers tax or a "straight eight per cent war tax on general consumption at the point of sale." The administration has long been opposed to sales taxes, on the ground that they deal too severely with small incomes. 63V* Phillips Pet 27 34 Pure 01! 16 3 3 « Radio 12 2 s * '/=» -i Sears Roebuck 25 45 44V* 44 Shell Union Oil _ 8 11 10 5 i 11 Socony Vac 70 6!-2 6Va 6 SOU Pac 39 12'k UV> 12 SO NJ . 86 33Va 32r» 32 Stone an-1 Webster 2 4}i Tex Pic 2 10V* 9V. 10!'* Tex Co 32 31V* 30V* 31 Tex Gulf Prod 1 2Vi Tex Gulf Sulph 3 30 29?i 30 Tex Pac C and O _ 3 5V^ 5?i 5Vi US Rubber — 14 14 13?1 I3 3 .i US Steel EO 50V* 4S\i 49^ WU Tel 8 24Vi 24V. 24'A NEW TOEK CUES Example May Be Made Of Talker Am Cyan B --- 6 30?k Ark Nat Gas A _ 7 13-16 Cities Service __ 14 2Vi Eagle Pich __ 1 TTi El Bond and Sh -- 5 i Gulf Oil __ . 73CD 27 Humble Oil ___ 20 47«, Ixme Star Gas -- 1 6H Unit Lt and ?av A 3 V. Wall Street . 30 26V. 27 4S 3 ,'< (3y The United Press) MIAMI, Fla., March 12.—Farmer Horace B. Murray, jr.'s fanciful story about being the master and only survivor of a ^torpedoed tanker was rewarded 'today by strong indications that the government intended to make of him an example to false rumor spreaders and loose talkers. Murray, 38,' was in jail, not being able to raise $10.000 bail. He was charged with "wilfully making and conveying false reports or statements with intent to interfere with the operation or success oi the military and naval forces." Admitted Fabrication His yarn was first told to a Palm Beach newspaperman \vho notified naval officials. It soon was apparent that he was lying, and Murray, after Lieut. P. L. Stinson, commandant of the Fort Lauderdale coast guard station, had questioned him for two-and- a-half-hours, admitted it. . Murray's story was that he was the master of the 3,800-ton tanker Queen B cr Queen Q—the alphabetical designation varied from story to story—which left Port Arthur, Tex., last Friday and was i torpedoed, he said, at 4 a. m. 1 Monday off Delray beach. | "Crew Escaped In Lifeboats' ; He said, according to the Navy ;- that the crew of 42 got off in two ;. lifeboats, and that the submarine > came alongside and sent a "sea <" skiff" to take him aboard. t _ Later, he said, he heard ma i chine guns firing and presumed • that the 41 members of the crew :• still in lifeboats were being dis- ;• posed of. He said the skiff then i landed him unharmed on the * beach. SELECTIVE RECOVERY MADE NEW YORK, March 12 t?j— The stock market today got a moderate and selective grip on. recovery. Many leaders clipped to new 4-year lows at the start. Bids then came in for steels and motors.' along with some recently weak blue chips, and improvement spreac to other departments. At the best gains for favorites ranged from 1 to 3 points although many Issues continued to lag. Top marks in the majority of cases were reduced at the close. Scattered losers of 2 to 3 points were in evidence when the final gong sounded. The Associated Press average was unchanged at 3-5.3. Transfers of 453,263 shares compared with 413.630 Wednesday. . : Southern. Hallway and Santa. Fe stepped up about a" point each while' most other rails were slightly advanced. Eastman Kodak came back 2}* and du Pont 2. Lesser gains were retained by Bethlehem Steel, Youngstown Sheet. Chrysler, General Motor*. Western Union. Anaconda, United Aircraft, International Harvester. Standard Oil (NY), Philip Morns and U. S. Rubber. Dow Chemical was off 3, and Allied Chemical and American Tobacco "B" 2'.i each at the finish, all at new bottoms for the past year or longer. In the minus column also were Texas Co.. American Can. Sears Roebuck, Westinghouse, Union Carbide and American Smelting. Livestock. . KANSAS CITV REPOET KANSAS CITY. March 12 tPj— lUSDA) — Hogs 2.000; fairly active mostly 10-15 higher; good to choice 170-270 Ibs 13.2513.40; Jew 280-33. Ibs 13.15 and 13.25; sows 12.60-12.30; stoct pigs 13.75 down. Cattle 1700; calves 350. Good to choice fed steers yearlings and heifers scarce steady to strong; other Wiling el-uses cattle mostly steady; rather slow on common to medium short fed dogies of light weight vealcrs and killing calves steady; stockers and feeders unchanged; choice 1100 Ib fed steers 13.65; majority of fed steers 10.75-12.25 with common to medium dogies from 9.5C-10.50. Good to choice 825 Ib heifers 12.35 good 740 Ib $hort fed heifers 11.25; medium to good cows 8.358.25; good to choice vealers 12.00-1-8.00. Few choice to city butchers 14.50-15.00. Sheep 5500; slow very little done scattered opening sales .trucked-ln natives Iambs about steady at 11.50 down; best fed lots held above 11.55. FOET 1VOBTH REPORT FORT WORTH. March 12 Wl— lUSDA) — 1 Cattle 1.600; calves 600; all classes cattle and calves generally steady except common and medium fed steers and vearlings: most bids unevenly lower on these; good and choice fed steers and yearlings 10.5012.00. common and medium steers and yearlings 7.25-9.75; beef cows 7.25-9.00; canners and cutters 4.50-7.00; bulls 7.009.25; lat" calves 8.25-12.50, culls 1.00-8.00; stocker steer calves from 13.00 down. Hogs 2.200; strong to mostly lOc higher than Wednesday's average; top 13.45; packer top 13.35; good and choice 180-250 Ib 13.25-45 with most offerings 13.35: Eood and choice 160-175 Ib 12.60-13.20; packing sows and pigs steady, packing sows 11.7512.00; stocker pigs 10.00-50. Sheep 2,500; all classes about steady; choice wooled boys' club lambs 11.50, medium grade wooled lambs 10.25, fall shorn lambs 10.50; shorn lambs 8.50-9.10: shorn yearinlgs 8.00-25; shorn 2-year-old weth- ers 7.00; shorn »ged wethers 6.00; wooled fat ewes 6.75; feeder lambs 9.25 down. CHICAGO KEFO IT CHICAGO, March 13 W>—1'lour and cash wheat users as well as prcfe=slonal traders returned to ':he 5u;.'ing side of the grain rjarket today in sufficient force to advance wheat prices almost 2 cents a bushel, with other cereals following. Wheat was the highest in about two weeks and corn the highest in more than a month. Hou'.e approval of legislation which would restrict Commodity Credit corpo-a- tlon sales of milling wheat and industrial corn at prices beiov parity, a practice followed oy the CCC since last year, touched oTf the buying and the. price rise, in turn, uncovered purchase orders to of:set previous short sales. With prices ir, all pits Sinishing at cr near the day's highs, wheat closed I',', to H* cents higher than yesterday, May SI 30V«ei.30V«, July $1.31%: corn »* to \V: up. May S3V.6S9, July 91V*@81V*; oats 3 .k to r« higher: eye IV. to Hk higher; soybeans l^k to 2^k up and lard unchanged at ceilings. FORT WORTH REPORT FORT WORTH, March 12 MT—Wheat No. L soft red winter 1.40 ! /«-42 y*; No. 1 hard according; to protein and billing 1J3 V*-35 V*. Barley No. 2 ncm 63-64; No. 3 nom 6263. Sorghums No. 2 yellow mllo per 100 Ibs nom 1.17-22; No. 3 yellow milo nom l.M- 19; No. 2 white kafir 1.13-17; No. 3 white kafir com 1.10-14. Corn, shelled. No. 2 white 1.05-06; No. 2 yellow 96 li-93 Vi. Oats No. 2 red 62-63; No. 3 red 59-61. Official Records ., Robertson Rites Set For Today Funeral services for Wyndham Robertson, 84, of 1914 Avenue Q, who died shortly before noon Thursday in West Texas hospital, will be conducted in St. Paul's on the Plains Episcopal church at 5 o'clock this afternoon with Rev. John A. Winslow, rector, officiating. Rix Funeral home will direct burial in Memorial Park cemetery. Mr. Robertson was born Dec. 10, 1857, in Trieste, Austria (now Italy) where his father was sia- tioned as American consul directing president James Buchanan's administration'. He was educatec at the Universities of Klagenfurt and Gratz in Austria. Went To Souih America At the age of 20, instead of accepting appointments to West Point, he went to South America as a surveyor and interpreter for a Philadelphia railroad construction company, to build the first railroad across Brazil. He comes of'a prominent southern family, a First Family of Virginia, whose ancestors were statesmen. He inherited his coat of arms from his father, also Wyndham Robertson, ENNIS MAN KILLED ENNIS, March 12. (P) — Joe Edward Starek, 36, was killed instantly today when a tractor he was operating overturned on his farm near here. Paprika produced in Spain this year weighed over 13,000,000 pounds. health several years, his last illness did not begin until about three weeks ago Miss Kertha Schwenke of Dallas, Mrs. Robertson's sister, will arrive today to attend services. Priority For Half Of Cotton Cloth Urged NEW YORK, March 12. (IP) — Priority orders would take at least half the nation's cotton cloth production under recommendations made today to tho Association of Cotton Textile Merchants. The suggestion, made by the group's war activities committee, will be urged upon textile mills, a statement said. W. Ray Bell, president of the association, predicted that distribution of cotton textiles would be guidad more and more by require- V/OMEN ENROLLED HOUSTON, March 12. (IP) — Defense vocational training schools the Houston district have 256 in enrollees, seven of them women. The Donbass produced 61 per cent of Soviet coal in 1938 and nearly half of its steel. ments of the war production board, fie said: "The present action of the war activities committee has been fak- en in an effort to anticipate adjustments which we fell may be inevitable." Produce.. KANSAS crrr BEPORT KANSAS CITY, March 23 W>— Poultry and produce: Butterfat—30-32. Butter—33-34 >i. CHICAGO BEPORT CHICAGO, March 12 W)—Butter, unsettled: creamery, 93 score 34. 3«-3S V*: '92. 34 '/«; other prices vmshansed. Esgs, steady; market unchanged. Poultry live, 20 strucks; hens, over 5 Ibs 21 *ry f 5 Ibs and down 25. Leghorn hens 19; broilers. 2 '.i Wa and down, colored 23, Plymouth Rock 24, White Rock 24; springs. 4 Ibs up. colored 25. Plymouth Rock 27 It, White Rock 27 ',i; under 4 Ibs, colored 24. Plymouth Rock 26, White Rock 26 $i; Bareback chickens, 22, roosters 15 ¥2. Leghorn rosters 14 J ,i; ducks. 4 li Ibs up. colored 22. white 23; small colored 21. white 21; geese, 12 Ibs down 19, over 12 Ibs 18; turkeys, toras. old 50. 3Tmng 23, hens 27; capons 7 Ibs up 27 under 7 Ibs 27; slips 24. Lubbock Courts 99TI1 DISTRICT E.' L. Pitts, Judee Presiding Ex partc, Erma Johnson, application for removal of disabilities. Gay Downey against Robert J. Downey, suit for divorce. Christine DcVitt against L. S. Moss, application for injunction. COUNTS' COURT G. V. Pardue, Judee I'resiainr J. T. Krueger. J. T. Hutchinson and 11. C. Overton. Lubbock General hospital, against M. F. Cooper, suit on note. Building' Permits Lewis Tatum, owner, to repair tmildins at rear of 1634 Seventeenth, street. J40. Holland Edwards, owner, and F. J. Pohl, contractor, to move frame building outside city limits from 1919 Avenue O. Avlnger Lumber company, owner and contractor, to move residence outside city limits from 126 East Broadway; Arthur Clary, owner, and Avinger Lumber company, contractor, to repair building at 2520 Twentieth street, 5200. Vernon Ikner. owner, to construct residence at 2511 East Avenue E, S250. Jack Griggs, owner, to construct addition to garage at 1720 Twenty-seventh street, $275. Warranty Deeds R. W. Walker and wife to Troy Dale and wife, lot 22, block 1. Cunningham addition, S4.300. L-. D. Moss and wife to W. B. Trotter, lot 26. block 15, McCrummen second addition, 51,900. Oil And Gas Leases ' ASSIGNMENTS R. H. Gill to Honolulu Oil corporation, north half of section 32. block 24. HE and WT Ry. Co. survey, SI; east half of section 31, same block, SI. J. D. Hunter to Honolulu Oil corporation, northeast one-fourth of section 20. block AK; 220 acres o! southwest part of section 25, block 20; northeast one-fourth of "section "23; ' block 20: northeast one- fourth of section 19, block CB, SL, who was a direct descendent of Pochahontas, relatives said. He was an expert in body culture before coming, to Lubbock in 1926 to enter the advertising .business, spent most of his life as a physical director-of various schools in Pennsylvania and Texas. • Survivors Listed Survivors are the Vv'ifc, a daugh= tcr, Wyndham-Gay, both of Lubbock; and a son by a former marriage, Wyndham Robertson, III, of California. Also surviving is a half-sister, Miss Catherine Giani di Mattiazzi of Treiste, Italy. Pallbearers will be Jack M. Randal, Judge G. V. Pardue, Ed. D. Allen, Dr. H. H. Bidwell, W. C. Wood, and E. E. Kerr. Although he had been in failing Hi Ho are just what you've been looking for!,.. These golden-brown, round crackers have a tempting, nut-like flavor and are so flaky and crisp they just about melt in your mouth... Try them and see for yourself! VtKSRS OF SUNSHINE KRlSf? CMCKEXS! FOLGERS COFFEE u. S t INSPECTED MEATS New Autos Registered Mercury — Associated Iron and Metal company. Lubbock. Chevrolet—L. A. Johnson, postofflce. Cotto n NEW ORLEANS HEPORT NEW ORLEANS. March 12 W) — Lonj realizing and hedge selling erased early advances in cotton futures here today and :he market closed steady net unchanged to 1 point higher. High March 13.54 May 18.70 July 1E.82 Oct 19.04 Dec. 19.04 Jaa. Low 18.47 13.60 1B.-3 18.97 19.01 Close 13.43 18.63 18.75 13.968 18-9 3B 13.993 I9.01B LEAGUE RECEIVES CHARTER AUSTIN, March 12. (£•)—Charters: Junior Service league of Plainview, Texas, Plainview; charitable, no capital stock, incorporators: Mrs. Maxine Skaggs, Mrs. Dorothy McSwain, Miss Doris Spann. March 3—Bid. NEW TORK REPORT NEW YORK. March 12 (?)—Cotton futures closed uneven tcdav. 15 cents a bale higher to 5 cents lower, after z. session of restricted trading. The cotton exchange estimated total February consumption st BQO.OCO bales compared with 946.000 In January. While those figures showed a decrease, the daily rate In February was figured at 100 bales in excess of the January daily rate. High Low Last March 18.50 May 18.66 July 18.75 Oct. 18.83 Dec. 18.84 Jan. 15.85 Middlin; X—Nominal. 18.47 18.56 18.66 13.75 13.79 13.85 spot 20.22N, up 2. 1B.47N 13.59 13.69 18.76-77 13.79 18.81N Rat poison cannot be taken into Chile except by government permit. Spices awaiting shipment from Sierra Leone recently consisted of 15,680 pounds of ginger and 135,475 pounds of pepper. Navy Cross Awarded To Fourteen Officers WASHINGTON, March 12. (>P> —Secretary of the Navy Knox approved today award of the Navy cross to fourteen officers who distinguished themselves in. action during the first Japanese aerial bombardment of the Cavite naval base in the Philippines. Letters- ok commendation from the secretary to . three civilians who were employed there and also distinguished themselves were announced at the same time. Eight officers were awarded the Navy cross for "extraordinary heroism." They included:. Lieutenant Jerry A. Steward, civil engineer corps, Streetman, Texas. Chief Pay Clark Othello C. Bruun, supply corps, son of Oscar C. Bruun, Purcell, Ark. POSTHUMOUS AWARDS GIVEN CHUNGKING, March 12. OH?}— Seven members of the American Volunteer Group who lost their lives in the air service of China were given posthumous promotions today by Generalissimo Chiang Kai-Shek. Construction of the Inter-American Highway connecting'' the United States and the -Panama Canal is to be speeded. llm-m! Nutritious Goodness! Armour's Hickory Smoked, 5 to 6 Ib. each, pound - Armour's, Machine pound Loin, Hound, T-Bone, pound Fat, Tender, Large, Fresh dressed, pound C PiESS MIGHTS OF And a Flavor all its Own! Comet Brown Rice is a wholesome, highly digestible, and delicious product. Rich in natural Vitamin B-l, if Is especially goocf for chil- dren. Some prize even more highly Comet's delightful nut-like flavor. Send your box top for our handsome RICE RECIPES OLD * Fresh sliced Calf Liver; pound C BEEF ROAST Boneless Prime Rib, Lb. — Chuck Lb. PRODUCE SPINACH Fresh and Crisp, Lb, 5c GRAPEFRUIT FISH Quick Frozen Perch, Lb. Catfish Lb. ;__ | Texas Each Seedless 32c 29c CABBAGE CHEESE 2 Lb. package, American; pound 25 C Nice Firm Lb. 2c P OTATOES Idaho 10 Lb. 27c HAN Fruit Baked Lb YAM'S Maryland Sweet 5 Lb. .7c AVACADO'S For lie ARE ENDED BY HOYT'S LINOLEUM DRAIN BOARDS Call us.for free estimates on linoleum drain boards, wall coverings and floors. We do the finest work and at prices that will pleasantly surprise you. Use of remnant stock often enables important savings. See us today; PAINT Paul Graham, Mar. 1203 131h Dial 9350 Mrs. C. V. Wright, Lubbock^ Resident, Says She Was Bothered With Gas Pains, Nervous Indigestion, Weak Kidneys And Headaches, Until She Discovered Hoyt's Compound. Mrs. C. V. Wright ot 1718 Texas Avenue, Lubbock, states: "Ever since I can remember, I have been bothered with nervous indigestion, gas pains, and a weakened condition of the kidneys. My system \vas filled with poisons, and I had severe headaches. My sleep was so broken by kidney disturbances that I spent many a miserable, sleepless night t became so rundown that I would have to lie down during the forenoon and afternoon to recuperate my strength Then I started taking Hoyt's Compound. "I have taken two bott'as of Iioyt ? s, and I can truthfully say that those awful, severe gas pains, and the indigestion are 100% improved- I can eat rhany more foods '.han I have been able to eat in years. My kidneys have been -K -K LUX FLAKES FRESH COUNTRY DOZ Night School DRAUGHON'S BUSINESS COLLEGE Lubbock • Dial 5S« MRS. C. V. WRIGHT relieved and 1 havr. more strength now than I have had in a long tirr.e. I can stay up all day easily, and I feol like a different person. I am going to continue taking Hoyt's until J find that all the poisons are out of my system." Hoyt's Compound is recommended and sold by the Mark- Halsey Drug Store at Broadway and Avenue L, and by leading druggis'-s everywhere. Mail orders promptly filled. $1.25 per bottle or two bottles for $2.00. Adv. j DIAL Day or Night Ambulance SANDERS Funeral Home Specialist In Disorders of the Foot OR, MiRSH&ll K&RVEY CHIROPODIST 1109 A.VE. K, PH. 7341 SPRY Lb«. BINS PARKAY Kraft's MACARONI & SPAGHETTI Winner Brand 3 For KRAFT- DINNER 2 For PEAS, Blue Haven, Early June, 303 Can GRAPE FRUIT JUICE No. 2 White Swan PICKLES, 12 Oz. C.H.B. Cucumber Chips PAN CAKE FLOUR White Swan 24c lOc I9c lie 17c 9c SOAP Crystal White, Giant LIMA BEANS « Q Brooks, 303 size 2 For i,JrC SYRUP Log Cabin, Pint size MILK, Carnation or Pet 3 Large or 6 Small PEARS, No. 2 Tastay Bartlett Salad Can KETCHUP Heinz CLAPP'S BABY FOOD SWAN CHERRIES Red Pitted Empson's 303 ... For or NEW! Med. Bar 2 for CLEANSER Sunbr^te 3 PEAS, Pine Grove, Cream 3 For TISSUE Delsey 3 For GRAPE JAM iHolsum, 16 Oz. ["BEANS Ranch Style 2 For 14c 19c PRUNE JUICE, Town Talk, 47 Oz. Can RAISIN BRAN Regular '. GRAPE JUICE Church's Pints BARTON'S SALT Idoize 2 For POST-TEN'S 10-Varieties Cereal 25c lie SPRING BROOK Solids FREE DELIVERY FTWICH NO. 2 STORE 1119 AYC. G Dial 2-3162 NO. I STORE WE RESERVE RIGHT TO LIMIT 2426—19th St. Dial 9771

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