The Bismarck Tribune Newspaper, December 24, 1937, Page 13

‘4 THE BISMARCK TRIBUNE, FRIDAY, DECEMBER 24, 1937 Ostrich Feathers 1937 Finds Business in America Hitting Bumps rise in many prices—a rise that threat- !contributed to the autumn business re- ened in particular the anticipated re- | cessio! Business Slackens After 5 Years of Acceleration; Stock ° Prices Break By CLAUDE A. JAGGER Press Financial New York.—(?)—After five years of acceleration, finally reaching a pace reminiscent of “boom” times, the na- tion’s business machine 8 slackened ab- Tuptly late in 1937, coincident with a business ers and the New Deal flared anew. A substantial sector of business said velt in his Nov. 15 message to con- spring I called attention to the rapid vival in building.” But out of the debate, and it was bitter in spots came with striking fre- quency the word “co-operation.” The president said in his message, “private enterprise, with co-operation or the part of the government, can advance to higher levels .. .” The National Association of Manu- facturers at its annual convention n. 2. A move to change taxes. The senate finance committee, with White House approval, worked on amend- ments to the capital gains and un- distributed profits taxes, which busi- ness and financial leaders asserted had tended to stem the flow of priv- ate investment and to discourage l- ness initiative, 3. Conferences between the Presi- early in December adopted a platform , complaining that business could not advance “shackled by restrictive legis- and “crippled by labor diffi- with business and with labor to cure the present depression.” Government Outstanding developments in jousing message 2 the President. To reduce fi- nancing costs, it proposed major changes in the federal housing act, and it called upon mantifacturers and labor to co-operate toward reducing material and wage costs, which the President said had advanced too rap- idly, causing a building slump that dent and leaders in the electric power industry. These were an effort to work out a “truce” between the New Deal and major power interests. The President also interested himself in the depressed state of railway finance land expressed hope the IOC would deal with the matter promptly. The | utilities, including rails, are among the nation’s heaviest buyers of materials, and it was estimated they would spend billions on their plant and equipment under favorable conditions. 4. Appointment of John W. Hanes, Wall street broker, to fill a vacancy on the Securities and Exchange Com- mission. He was the first stock ex- |change member chosen for the Wall street policing organization. The fed- leral reserve board earlier had eased and simplified its regulations con- cerning the amount of money— mar- gin—required for seeurity purchases. He asked immediate action “if we are to maintain wage income and mass purchasing power of the nation against recessive factors in the general in- dustfial situation.” But the manufacturers’ association at its heavily-attended December con- vention came out flatly against the & labor relations act, arguing that it aggravated rather ameliorated labor strife, Strikes in the spring the most numer- & ous since 1916, labor strife came to the very center of the stage in 1937. Labor leaders claimed credit for wide in- creases in wages and mass purchas- ing power, while many business lead- ers charged that organized labor was blocking recovery. Among them was All right-o for London's fashionable West End trade are Hale's “Glamor Girls,” whose costumes gained where lost. The girls appear in a show, “Park Avenue to at exclusive Grosvenor House, on Park Lane. joes and textiles—began to slip, but production of durable goods —like steel, copper, automobiles— raced ahead. Prices ta With the rapid rise of CIO and with with growing frequency. March 15, Chairman Eccles of the federal reserve board urged govern- ment intervention through higher taxes to prevent “! ” and warned: “The upward spiral of prices and wages into inflationary price levels say the spending was not curtailed soon enough, that it caused price and cost DATA IN BSWARCK |x ctab tester | PUBLISHED IN GUIDE! 15,000 Population Setinnte! and Other Pertinent Infor- mation Is Listed Btatisties on Bismarck as a trading area are to be found in the 14th an- nual Market Guide of Editor and Pub- j Usher, oldest publishers’ and advertis- ers’ journal in America. Gathered for the purpose of cen- tralising buying power data for al- vertisers and many other businesses, the Market Guide lists pertinent in- formation from 1,500 cities in the United States and Canada that are eerved by daily newspapers. Following is the exact reproduction of the information on Bismarck as published in the Market Guide: BISMARCK, N. D. (Burleigh County) d¢ Ashiey Dickinson (5,025); Wilton (1,001). Analysis of Cily Population (1930 limits); N ‘oreign Bo! er Raci Dwellings, U. 8. Census, Corporate Whit 3 tional, 2; 1; Trust Compa jes, 1; Total Deposits, $32,581,279. Total Resources, $36,010,642.26. Location and Transportation: Capl- tal City and County Seat. Situated ‘Wz of Fargo. N. Dak. Served Ine east and west (north and + mal-adjustments early in ‘the! } year. In any event, the government hopes that despite the slump, private capi- | ¢ tal will loosen up, carry the recovery load. Secretary Morgenthau sald Nov. 11; “The basic need today is the driving force of private capital,” and, “We believe one of the most important ways of achieving these ends at this time is to continue progress toward & balance of the budget.” The administration has made it clear, however, that budget balancing ry 0. (north end south). Ex ‘federal and state highways in all rections, wilt Industries: Lignite, coal, flour mills. ers: Number of. wan val les, 23 flo auto supplies, 2; flou e lumber of Retail, Outlets for Na= tionally Advertised Prod Passenger autos Comm: aut may be deferred because of the busi- | Fill ness setback. Greetings Cards Flood Delicatessen Be stores Cpptsines Gangs One and All from the Entire Personnel of the GRAND DELUXE BEAUTY SHOP On Messanine Floor of Sarah Gold Shop Phone 1988 H. E. Rilling of the Nortn Dakota Agricultural college is state 4-H club leader in the extension division. Christmas Day May the Genie of good fortune cross your threshold and may he abide with you forever and ever. May this be the Christ- mas of all Christmases. QUANRUD, BRINK Optometrists and sincerest greetings of the season. May we thank Musical tnstri Rad you for your kindness to us during the past year, Rembrant Studio can be as disastrous as the down- ward spiral of deflation.” 2, President Roosevelt said prices in steel, copper and other basic R Ernest T. Weir, chairman of National | Steel Corp., who asserted strikes in | 1937 cost the nation five billion dol- | lars. ee & The Si eI cl Dr Dr: & REIBOLD, Inc. WHOLESALE AUTOMOTIVE SUPPLIES Victim of Paralysis) >" ‘ —_— | | Electrical Fla., Dec, 24.—()— AY that government shift its ex- been penditures from durable goods to con- Phone 765 ‘omen’s ah 45 & 10c stores emphasis on preventing a boom; it|sumers tory Changes The year began with government &| ended with stress on preventing a de- n° ression. Even late in 1936 some leaders in LOMAS OIL CO. SEASONS BD OLE EMSE TEED VEE: Christmas W. P. LOMAS, Prop. CONOCO PRODUCTS GREETIN To One and All from ¥ ee % Ups and Dewns During the spring, index figures of business activity, together with com- modity prices and the stock market, reached recovery peaks. Industrial activity index figures were the best | til August that notable retarding of | business, abrupt declines in sensitive i | prices, developed. Sweeping declines, notably in the S| stock market and in steel production, developed in September and October. By December, steel production, 85 per [3 | cent of capacity in August, was under 30 per cent. Toward the end of the ® | year, declines tended to level off. From its April peak, The Associated | Press weekly index of industrial ac- acer aaE f | movement, Me | residential 9 | proximately 30 per cent. The daily in- building—was down ap- dex of 35 basic staples was down more mithan 20 per cent from its recovery apd the average of 60 represen- TS i top, HS | tative stocks, about 40 per cent. “hk ® ‘Pump Priming’ at Fault? Economists said any analysis of the of the sudden slump fs | background should take into account the govern- expenditures.” i reaching a peak in 1936. It was the government's theory that fully ‘stimulated by this ‘Dakota National 212 Fourth Street At this season of the year we want to pause and give thanks for the fine spirit of friendship you have ex- tended to us sara year now closing. the e ap- preciate it and thank you. May your Christmas sea- son be filled with joy and the New Year hold all good and worthwhile things in store for you. Bank & Trust Co; Member Federal Deposit Insurance Corp. tim has completed his Christ shopping—through his sister as pur- pers: Evening, 1, ting Stations: i. Merry Christmas, BERGE- chasing agent—and sent out his own SON’S. cards. They show a gay drawing of himself grinning from his respirator which is shown plastered with travel stickers and a Notre Dame pennant. This will be Snite’s second Christ- mas in the machine. Frances Gifford, James Dunn Engaged Hollywood, Dec. 24.—(#)—Wedding bells will ring in the New Year for James Dunn and Frances Gifford of the screen. They flew to Santa Bar- bara in his plane Wednesday to a ply for a license and said the ceremony . 1, ——_—__—__——_+ | Today’s Recipe | —_—___ —___—_- sauce, 2 cups sugar, 2 teaspoons on 1 teaspoon ground ears A 1 cup chopped nut meats, 3 ounces candied citron (cut), 3 ounces candied Pineapple (cut), 3 ounces a orange peel (cut), 3 ounces candied cherries (cut). . Pour hot apple sauce over sugar. Mix in hot butter, cinnamon and cloves. Add floured fruits and nuts and mix. Sift soda, baking and flour and mix together. Bake slowly (325 to 350 degrees F.) for two hours. Bake in old-fashioned cake pan with funnel in center. Beach, products were too high, ahnounced) Fred B. Snite, Jr., of Chicago, who} Groce: would confined e Celery Almond Stuffing (For 14-15 pound turkey) Six cups toasted whole wheat bread crumbs, 3 cups dived celery, % to 1 cup celery leaves (shredded), 1% cups hole blanched ai spoon poultry ly beaten, % to % cup water stock. Combine all ingredients, mix thor- oughly, and stuff turkey. Scout Sponsor —_—__—_—_——_——-_+ Dr. O. T. Benson, Glen Ullin physician and vice-president of the Missouri Valey Area council of Boy Scouts, is a brother of Gov. Elmer Ben- son of 206 Fourth St. MERRY CHRISTMAS AND A HAPPY NEW YEAR Washburn Coal Company Phone 453