The Bismarck Tribune Newspaper, October 28, 1937, Page 9

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“Wall Street Puts Blame for :__THE RISMARCK TRIBUNE_ THURSDAY, OCTOBER 28, 1937 Slump at Washington’s Door [65 ON ST. MARY'S Eighth Grade Leads All Others Helen Weigel, Robert Weisgerber, Geraldine Wyciskala, Eugene Kaizer, Eileen Koch, Gayle Kysar, Rita ard Rodgers, James Rodgers, Schafer, Joseph Stecher. Fourth Gi Michael Becker, William Bement, 4-H CLUBBERS HOLD Tom 150 Emmons County Members| annual. School Publications’ Staffs Are Selected manager Mary’s high school monthly paper, and’| Fox editor of the Marichimes, Becker, Rosemary Bobb, Phyllis Brown, Rosemary Colling, Arlean Seat xaette Te Barbie, a Ebenal, Elizabeth Ann le, Bern- Marion Wagner has been named G ead asad Stecher, G. Steve editor-in-chief of the Marilog, st.|Garske, assistants; Sister Barba . Ann and Sister John Clement, ad- visors... e ° ° 49 8 ° ° rs x An ancient Roman eral a 4 But Law of Supply and Demand Seeing Pianist’s ‘Hands in Mirror With 10 of Class Getting | Zune Dinlus, Bernard Fischer, John Attend Recognition Ban- Other members of the staffs are: | ployed a novel form of warfare. ‘He for Various Articles Seems. lotte Hegedus, Robert Helmbrecht, in Li aE alc eer eel tant edi) smeared swine with oll, set fire to Recognition aes Brunk Sane ieMItGy Man quet in Linton tor; Jim McCusker, business manager; | them, and drove the blazing creatures Contributory » Piatt Yvonne Starkle, literary; John Fox,| into the enemie’s ranks, ‘There are 35 on Bt. Mary's Grade [see eats ey ene tar aa | anton, Oct. 284-H club members| feature: Philip Brown, ert; Marion 2 school honor roll for the first six week |nice Roehrich, Loretta Rothschiller, Q Hessinger, make-up; Norman Woehle,| tn parachute jumping, the landing By CLAUDE A. JAGGER n rich, Loretta »|of Emmons county, their leaders and i (AP Financial Editor) Period. ‘The eighth grade leeds with pauline Schatz, Mathew Schmidt, |guests—one hundred fitty in all— [econ mant pay ycry, yccnelden:| impact is equivalent to s tree fall ew York, Oct. 28—When as much follows ‘with 6 honor students the William ‘Schneider, Elaine Sciwitt.jgathered in the dining room of St. Mary Gertrude, editorial advisor; Bis- penning ea tas uae eae as $25,000,000,000 is cut from the total fifth has 6; the seventh grade 6, and Magdalen Slag, Dorothy Spoor, | Anthony's church in Linton Saturday : ¥ Pee Jumper's weight. quoted value of stocks and bonds the sixth grade 5. 4 tiie bl evening for their first achievement = Sages a8 Wal cere. core ee Honor students are: Winter lizabeth Bartole, Theresa | PPquet. a plain, reason for it—at least that Fourth grade—Margaret 81m 02, |pecker. Evangeline Campagna, Donald |The event was held to recognize seems simple common sense to the Elaine McClellan, Virginia Roether,|neardorff, Rose Ehii, Robert Geier- {Completion of a year of club work. (ayman. Norman Webb, Cletes Winter, Robert | ann, John Hegedus, Donald Keller, About-one hundred twenty-five mem- But the typical Wall Street expect, Geiermann, Carol Krier, Irene Wer-!Garoj’ Krier, Anton ‘Marking, Elaine | ets were eligible for this recognition. when the question of “why?” 1s ner. \McClellan. ‘ Preceding the banquet, there was . biuntly put to him, is likely to stam- Fifth grade—Thomas Doll, Kathryn "Fifth Grade short concert by the county 4-H club mer, gulp, then launch into a long- Helling, Arlette Kautman, Eileen Stitt, ? Virginia band under the direction of Byron winded dissertation on economics, in- Charles Verret, Mary Louise Warner. Virginia Baumgar' ner, ae va | Smith, ternational affairs taxes and govern- Sixth grade—Mary Ann Rausch,|Carufel, Casper Eckert, i A program of short talks and songs mental regulation. Those who have the readiest an- swers are inclined to lay it all, or most of it, on the doorstep of Wash- ington, which to some Wall Streeters seem fair enough, inasmuch as Wash- ington, for the most part, laid the 1929-32 slump at Wall Street’s door. The favorite theme in Wall Street Doreen Gau, Thomas Nielsen, An- gélica Roether, Edna Rose. Seventh grade — Virginia Lacey, Dorothy Eiseman, Roy Deardorff, Beverly Hardy, Isabell Snyder, Vir- ginia Walcher. Eighth grade— Patricia Murray, Magdalen Schneider, Rosemary Krier, Robert Rausch, Mildred Rausch, Jean Glum, Margaret Graytak, Kathry:: Helling, Daniel Hendrickson, Donald Hendrickson, Arlette Kaufman, Char- lotte Kramer, Delmar Martinuccl,/ Margaret Overman, Marvin Perius, Joti Slag, Ralph Swenson, Bernice| Albrecht, Dolores Baumgartner, George Dinius, Thomas Doll, Jean| Engel, Kenenth Gabel, Agnes Glaser, by club members rounded out the eve- ning’s entertainment. Hazelton, ‘retiring council I presided. home economics club girl of the coun- meyer of Hazelton talked on livestock Olive Shea of president Myrtle Baker of Livona, outstanding y was the first speaker. Frank Orth- clubs. Mercedes Gilbreath of Linton spoke of her experiences during the past year. Orville Stanley of Kintyre, newly- elected council president, also spoke. Russel Heaton, Kathryn Kaizer, Mathew Kuntz, James McDonald, William Meyer, Donald Patzman, Walter Renden, Clement Roether, Paul Rohrer, Joseph Schantz, Lillian Slag, Mary. Jo Gergen, Corrine Kiley, Eleanor Ressler, Betty Lou Bartley. The following pupils were neither oe nor tardy during the first six | weeks: has been that regulations of the SEC, restricting the trading activities of the old-time professional market operators, as well as putting strings on executives of co! tions, has made the market“thin,” meaning that the volume of steady day-to-day trading has been curtailed; so that a selling order, which in the old days might have depressed a stock mayse point, would depress it three or four points. Production Shipped As against this, defenders of the SEC point out the market had quite a slump in 1929, without any SEC, and go on to say that regardless of “thin” markets, once stocks are cheap enough to attract wealthy investors as bar- gains, investors no doubt will hurry to buy them. Business analysts say that the slump in the market can scarcely be said t> have come out of a clear sky. Produc- tion in several lines such as steel, textiles, shoes, and activity in build- ing, had been slipping, and finally} Wall Street history. During the lat-|new session of congress loomed, in- Shafer, Joseph Smith, Paul Steiner, mary ann Rausch, Richard Revell,|Juanita Burton, Katherine Ward, went below where it was a year pre-|ter part of 1986 and the early months} volving the possibility of wage and|=dward Turgeon, Phyllis Turgeon,| Margaret Roherty, James Smith,|Mary Halloran, Those with “B” are viously. This, they say, at least could of 1937, there was a good deal of the |hour legislation and new taxes, inject- |JOhn Wallace, John Werner, Clyde! Richard Stecher, James Wachter,|William Webb, Patrick Kennelly, be interpreted as showing a pause in the recovery trend. But why such an abrupt and drasiic slump, in the space of a couple »f rd ey ' Through a mirror that enables all instead of just half of a con- cert audience to see the pianist’s hands on the keyboard, Dr. Thomas C. Poulter, Chicago, has solved a problem long vexing to music lovers. Dr. Poulter is shown above with Florence Kirsch, a concert pianist. The audience on the left sees Miss Kirsch’s hands. The audience on the right side sees those hands too, but through a mirror, with scarcely a notable interruption from March, 1035, to March, 1937— about the longest sustained rise in boom-time state of mind developing. Financial and: credit authorities, both in Washington and Wall Street warned against letting an excessive \ trom the Mediterranean and the Far East and caused a good deal of un- easiness. Observers also point out + ing new problems for business. Case of Nerves Talk by the president and others of balancing the budget—something conservative Wall Street has been in- | First Grade Miles Arman, Patricia Bartley, Joan Baumgartner, Louis Baumgartner, George Becker, Harold Becker, John Becker, Duane Benson, Donna Mae Bitz, Frederick Bobb, Deane Boyer, Donna Jean Daffinrud, Caroline Dall- man, Anton Dilger, Pearl Duchscher, Paul Engel, Margaret Fairman, Rose Marie Fettig, La Verne Fischer, Pa- tricia Harvey, Lorraine Hegedus, Mary Kelley, Richard Kelly, Joan Kielty, James Kramer, Edward Kuntz, Mon- ica Lacey, Lyle Lengenfelder, Anna Marie Lepp, June Maassen, Beverly Mastel, Lillian Marback, Nancy Mc- Garry, Patricia Muehl, Lawrence Nel- son, Edna Petersen, Catherine Reff, Lucille Sattler, John Schantz, James Scharff, John Scharff, Jerome Schnei- der, Lila Schneider, Angeline Westbrook Dolores Westbrook, Donald Wilhelm, Bernard Woehle, Anna Marie |Zentner, Patrick Mahoney, Duane Baer. Second Grade Schultz, Eileen Stitt, Benjamin Sitter, Charles Verret, Mary Louise Warner, Dolores Wilhelm, Frederick Wilhelm, | s William Woods, Elizabeth Zenter. Sixth Grade Mathew Aller, Genevieve Goldader, | ¢) Eileen Hines, John Hines, Hattie Tback, Leo Jundt, Paul Kaiser, Gerald | Kohler, Rosemary Knoll, Caroline| , Lacher, Marcia Lambert, Francis] Martin, Robert Mooney, William Mc- Garry, Angelica Roether, Marion Reff, Edna Rose, Cecilia Schantz, Leo Senger, Cecilia Senger, George Marbach, Eugene Werner, Francis Webb, Marion Bartole, Adam Benfit, Catherine Czeczok, Vernon Gabel, Thomas Goldader, Margaret Halloran, | 5 William Happ, Madelyn Helling, Marlys Hogue, Gladys Jarchow, Jerome Moszer, Richard Patzman,|c! John Wagner, Pius Weigel, Angeline Zahn, Seventh Grade 1 Robert Albrecht, Maxine Anderson, |: George Bartole, Louis Becker, Minnie assistant state club leader. berger of Hazelton. were rendered by the Happy Hour of Hazelton; Furnishings club. Group singing was rett. Freshmen Scholars a tabulation of grades for the first six weeks period Josephine Taix, Wilbur Doll, Jane Baker, Jordice Godfrey, Marcel- Senger, Dolores Wallrich, Leo Hal- The final speaker was R. L. Olson, A vocal ‘olo was sung by Rosemary Lands- Other numbers lub of Linton; the Sunny Circle club and the Marie Home onducted by County Agent Ben Bar- Lead St. Mary’s Roll Scholarship at St. Mary’s high chool is vested in the freshman class reveals. Those of all lasses having an average of “A” are Betty ine Hagen, Amelia Schneider, Bea- rice Rothschiller, Irene Stecher, Anna '$ months? The talk of @ pause in bus-|boom develop. Toward spring, heavy Freee eeecaontesthe anguished investur | Speculative purchases in London ia|sisting on for a long time—did not|, Lawrence Bartole, Margaret Bene- | packer, Barbara Bement, Robert|ioran, LeRoy Stecher, Dorothy Hel- far too tame. Had not the volume |connection with news of the British|inspire confidence. Many could only| ‘it, Dona Mae Bleth, Beverly Brow! nity riizabeth Ann Bobb, Virginia| pling, Agnes Holkup and George Went- of railway freight just reached a|afmament program developed with re-|see a cut in expenditures or higher |"obert Fink, Kenneth Fischer, Lu-| cabot, Marjorie Clarey, Eleanor| land, seven-year record? Why cancet all of |/percussions here. Copper touched 17/tcxes, or both, tending to reduce pur-|Cille Glum, Leo Hamming, Donaid| Cyeczok, Roy Derdorff, Dorothy Se ere es the gain of the past two years in the |cents a pound, nearly doubling in!chasing power. Conservative Wall|Hesedus, Elmer Horning, Gloria | Ficemann, Georgetta Fritz, Emest| Forest fires often prod I rain stock market? price in a year. New warnings of ex-| Street still wants the budget balanced,|Johner, Harold Keller, Arthur Mark-| Goines, Maynard Gau, Elizabeth| cjecr vver the beet ee s J Sinister plots were suspected. One|cessive price increases came from|saying it is essential to sound na- |!8, Josephine Martin, Jean Mooney.| Gtidader, Virginia, Lacey! Betty Mc- clouds over the burning area. congressman charged a “Wall Stree: | Washington, tional economy, but there is worry as| Robert Pfliger, Margaret pao Donald, ‘James. McLaughlin, Mary; conspiracy.” Bear raids were men- Price Trend Changes to how it will be done. Apeeling ropmeniler, mien in] Magdalen Price, George Schwartz,| Krier, Rose Lacher, Virginia Lam- tioned. (Bears are operators who sell| Soon prices began to slip here and ou of it ub Wall slsa develope: Slag, a Bae ROBE Baten Bernard Slag, Rosemary Zimmer,| bert, Laverne ‘Morgenthaler, Pairicls delivery, at a lower price.) Despite|prices of many farm staples: lower |¢ry, whether the market decline has Fausti at aged ahi Robert Eighth Grade beth Rothschiller, Frank Schlener. Fe a efforts to keep tabs on bear selling,|and before long the commodity price|been excessive, and whether sinister Ee) oad 2 es Betty Bartley, Gabriel Brown, Min-| Kathryn Schneider, Magdalen Sch- bad not the bears found ways to|trend was sharply downward. influences have been at work, all are Beene), Eileen Feleya, pees nie Dilger, Robert Doll, Ethel Ehli,| neider, Marie, Schneider, Jean Slag, :: e cover their tracks, perhaps through| Now it ts well known that business Roestions to be answered in the fu- ico Geld Have pene extol Charlotte Fischer, Rose Ann Fischer.| Emilia Steiner, John Steiner, Richard ache Kelley operations by. way of London and/men and manufacturers hurry to lay |ture. 4 Re ,) Elizabeth Gelermann, Mary Gergen,| Walcher, June Wilkinson. ohn B. Kottsic! Amsterdam? The effect of ‘“war/in inventories of goods and materiais| Strong gleams of hope are seen in Bnet Pea ae alley Wale John Goetz, Willard Gustafson, Clara ee Phone 85 206 Bdwy. ‘\ -scares” .and foreign money- in Wail| when prices are rising, and stand back |the fact that the bumper. crops and > Jaca yee in Mos.|Hulm, Richard Kielty, Rosemary “LIFE BEGINS IN COLLEGE” Street also have received their share {and wait for prices to hit bottom once | active business over most of the year abe Mae feat Z ¥ Boke of conjecture. \ |they start to decline, So buyers hel‘l|have brought estimates of the high-|#eF, Dolores Pounds, | Cliatles Roo ae = Economists’ Opinion oft during the summer. est general public purchasing power |S¢f%, | William uemith, Joon Tokar, The SEC and the stock exchange| The steel mills began to finish up|in years, which may provide a goud SNe) Ls Okie aaRie RacinEe. have undertaken investigations t/a big accumulation of orders as suni-|springboard for the next recovery toils) Waid! ‘Anna’ Marie Wingerter, show whether any sinister influences|mer drew to a close, and their pro-{ move. fiaiices ‘Win gerter, Charles Wra: 3 have been at work. Wall Street ger- {duction schedules slackened abruptiy. Larrine zimmer és sd erally expresses confidence that the|Cotton mills brane Senet ‘i - pundred ear neo, ane Gale Third Grade “ ’ Fy wiswer in the long run will be found|as the price of e raw staple feil | tained one-fi! o! e white popula- Y il b h id h ‘0 be “no.” from around 15 cents a pound eariy| tion of the United States. ES TS Feb ou e ahead with a Wall Street economists say there is}in the year to close to 8 cents this i S 4 a itferent some pretty important beckeround to} fall, z Cacao pods, from whose seeds we|Otto Fink, Robert coe west raleer Ni phe nieed MODERN - MODE the recent market. Bysiness began to hesitate at by get chocola ; ipa piety on the poriune, Beverly sp Bako eet looking, better-looking low- STYLING C H EVR re) LET!” They point out that prices rose!time when the war scares Spangie’ main trunk of the cacao tree. ader, William Ives, Lorraine Kautf- priced car. e man, Alnoth Krier, John Milden- berger, Eileen Personius, Leo Senate ‘ Anna Schmidt, Julia Sitter, Julius 4 Sitter, Geraldine Stamnes, Petar | You Ml be ahead in style—beauty — ri Steiner, Frank Unser, Ann Wachter bagi adectnr erin PERFECTED 4 h hi ft; f ki «+. the safe brakes ee a ee plist slo fed HYDRAULIC. smartness —with this Obigger-looking, PROCUREMENT DIVISION, Public maximum motoring pro- A Buildings Branch, Washington, D. C., BRAK 5 i In Get, 19.1937 Seated bids in duplicate & better looking low priced carl iy wili be publicly opened in this office at 10 A. M., Nov. 11, 1937, for painting ae 5 oe x Plaster, etc, in the U. P.O. and You'll be ahead with a Chevrolet!” That's the ALK about hot cakes—this sensational new Goodyear “‘R-1” is selling twice as fast because it offers first-class travel at reduced rates! Look at all its top-rank Goodyear features — extra protection against all road dangers. There’s 12% more rubber, more “beef,” in its COMPARE THESE a wider, flatcer tread to give you extra-long tough wear. Only the world’s largest tire-maker can give you so much extra value—in the face of rising costs — at the price you've been accus- tomed to paying! See about “R-1” today — millions say it’s the greatest tire “buy” in years. the cheapest thing on your car is the best Goodyear REMEMBER, tires you can buy~ either “Ges” AllLWe “R-1"= or the Phone’ 700 LUCAS 0 Phone: 82 IL COMPANY the super-milesge ‘All-Weather — the sensational new Goodyear economical Goodyear Speedway. Corwin-Churchill Motors, len. | erre Ow co. | MOLLY'S SERVICE STATION EXTRA VALUE R=] FEATU FLATTER, WIDER TREAD CENTER TRACTION GRIP 12% WORE RUBBER ON TREAD ‘SUPERTWIST CORD IW EVERY PLY WIGRER, BROADER = HANDSOME, STREAMLINED SROOLDERS ‘SIDEWALLS At the price renee been accustomed to paying! 122 Main Avenue jone: 427 the custodian of the building or at this office in the discretion of the as- sistant director of procurement, pub- lic buildings branch. W. E. Reynolds, Assistant director, SSS CITATION HEARING PETITION FOR y 1 PROOF AND PROBATE OF W STATE OF NORTH DAKOTA, of Bumeigh. : IN COUNTY COURT, Before Hon. C Davies, Judge In the Matter of the Estate of Osvar W. Ecklund, Deceased. | Emma C. Ecklund, Petitioner, vs. Ruth Esther Christine Ecklund, | Emma © Ecklund, Carl Dewey und, Antonia Nancy Ecklund, Mabel Myrtle Ecklund, Melvin George Evklund, Inez Amy Hek- lund, Seth Abel Ecklund, Ardys June Charlotte Ecklund, a minor, formerly Ardysx June Charlotte Nelson, a minor. Mary Beatrice Register, the special guardian of said Ardys June Charlotte Eck lund, @ minor, formerly Ard: June Charlotte Nelson,“ ininor, the heirs, devisees, legatees and { tho heirs, devisees, legatees and issue of Dale Warren Nelson. a minor, deceased, Arthur M_ Ne son. and all other persons inte ested in the estate of said Oscar W. Ecklund, deceased, | Respondents | THE STATE OF NORTH DAKOTA TO); THE ABOVE RESPONDENTS: You and each one of you are hereby | -|cited and required to appear before | the County Court of the h, State of North a > office of the County Judge of said County, in the Burleigh County, North Dakota, Court House in the City Bismarck, in said County and State, on the 16th day of Ni 1937, at the hour of two afternoon of said day. to if any you have. why the Petition for Proof and Probate of Will, executed by Emma C Ecklund, on file in said Court. praying that a certain instru- ment in writing purporting to be the last will and testament of Oscar W Ecklund, deceased. on file in said Court, he admitted ‘to probate in and by the County Court of said Burleigh County, as the last wil! and testament of said Oscar W. Ecklund. deceased, and that Emma C. Ecklund of said Burleigh County, be appointed the executrix of said last will and testa- ment and of said estate, and that Let- mentary thereon be issued Emma C Ecklund, should nted-and allowed residence of said Oscar W jot be i ‘The late Ecklund, deceased. was, at the time of his death, the Township of Ecklund, i sald Burleigh County, Nort! ota, Let service be made of this citation bh Da- Se sofe—so comfortable— KN Lerger interiors—lighter, brighter colors—and Unl- steel construction, making body o fortress of each ty. Giving the most efficient combination of power, econ: omy ond dependability. VALV Giving protection - against drafts, smoke, windshield Issue of Lorraine Nelson, deceased, I FISHE clouding, and assuring each passenger individually con- trolled ventilation. ON MASTER DE LUXE MODELS ONLY EE eecmccmarmomaresrineanis 2 , YEARS Ty ALL: SILENT ALL-STEEL BODIES ENGINE EE-ACTION™ this beautiful E-IN- HEAD a NO DRAFT VENTILATION Wy ekesase <r RELL % ee E SYMBOL °F . court house at Bismarck, N. Dak. * . . a Drawings and specifications, not ex- (WITH SHOCKPROOP enthusiastic verdict of more and more people ceeding one set, may be obtained from STEERING) GENUINE as they see, drive and compare the new 1938 * cars. And we believe it will be your verdict, too, when you consider all the exclusive extra values new Chevrolet brings to you. You'll be ahead in style—comfort—safety. And you'll also be ahead in all-round economy, for Chevrolet’s famous Valve-in-Head Engine uses less gas and oil, and operates with a mini- mum of upkeep. See your nearest Chevrolet dealer today for a thorough demonstration of Chevrolet superiority. CHEVROLET MOTOR DIVISION, General Motors Sales Corpoe ration, DETROIT, MICHIGAN. General Motors Instoliment Plan —monthly payments % suit your purse. A Generel Movers Value. ‘ ; w.c. senate | “ort Sobn Pizew | SCHANTON Sernnton Garage ASH Ee KINSON NAPOLEON TUNTIEC CAKE Dated this 21st day of October, A D Vronne Auto supply Heisler wervice station 5 1937 |. J. Martell NW KNGLAN BY THE COURT: rubeis: =e Viswee auto supply | WANHHURS HH (SEAL) ; a secuunt itt! Motor Company REKDER oe ern Garage Tidwelotiaad bopay one | JeCLUsi ‘aleh - a ? MeClaeky Motor Company | REGENT George # Mexister, Bismarck, N. Dak. Phone 432 Attorney of sald petitioner, Ris ried North Dakota 10- 4 | 101 Broadway

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