Casper Daily Tribune Newspaper, April 7, 1924, Page 7

- MOND ~Y, APRIL 7, 1924. (2DITORIAL NOTE—The Tribune presents toda ries of articles by George T, Hughes on “Elveryman’s Investments,” The series will cover a wide range of subjects and will bean ine valuable guide to the man or woman looking for safe and sound advice as to the disposition of any available moneys. The articles will appear every Monday,Wednesday and Saturday until the se- ries is completed. BY GEO. T. HUGHES There is no rule of thumb for in- vesting. Every investment must be judged on its own merits and the rules cr principles for judging it must fit individual requirements No one set of rules is adequate to measure every investment. But there are a number of principles which will enable one to avoid bad investments and to enjoy the ad- vantages that come from making g00d investments. These principles are the chest of tools with which investment bankers and successful investors work. ‘There is no mys- tery about investing safely and Profitably. In these articles I shall try to hold up a mirror to the investment banking business, which is the bus- iness of making and selling invest- ment securities, stocks and bonds. I shall try to show just what goes on, just what principles are followed and why, thereby enabling the in- experienced to know the right kind of inyestments and to avold the worthless. I shall not try to Preach nor tell entertaining tales of ingenious crooks and bucket shop operators. People grow weary of economic preachments, Tales of Market Gossip swindles give little information to help the uninformed avoid the next clever and novel fraud, Through every investment bank- ing house there ts a steady proces- sion of executives of every kind of business; public utilities, factories, mills, mines, hotels, retail and wholesale timber and ofl con+ cerns, state and municipal officers. They seek long-time credit. Ninety per cent of business is done through credit o rinstruments of credit. The commercial, or deposit banks, sup- Ply the short time credit. The in- vestment bankers supply long-time credit or instruments of credit. The amine carefully the integrity and soundness of the enterprise. More often than not they reject. When they accept they underwrite a stock or bond issue. That means they buy the securities from the enter- ‘prise and sell them to their custo- mers. It is that business proces- sion, the rejecting and the making and selling of investment securi- ties that I shall mirror in these ar- ticles, that he or she who reads may know how to invest safely and prot: itably. (Mr. Hughes’ second article will appear in the Tribune Wednesday afternoon.) and Briefs On Operations in Oil Fields Slidetracking Casing. After having pulled 6%-inch cas- ing for the past several weeks in the Medicine Bow test well, there still remains 500 fect of the pipe which will now be sidetracked. Some time ago the string was dropped, causing buckling from 4,100 feet on down. It appears that the job of sidetracking the remain- ing 500-foot portion of 6%-inch at such depth, will be a long one. Petroleum Club Meeting. Of much importance to members will be the meeting tomorrow night of the Wyoming Petroloum club at the court house. Because of its, be- ing next to the last meeting of the season, election of officers is to be he'd. George Paine of the Frick- Reld Supply company and A. J. MILLER LAND FRAUD PROBED (Continued From Page One) ‘Washington, said he was “satisfied there had been unjustifiable delay” but would ‘not foreclose” the case of the department of justice until he had heard its explanation.” Booth said rumors of oll discoy- ries on or near the land involved in the Miller cases were without foun- ation. Senator Ashurst, Democrat, Art- Zona, said he had a telegram show- ing that Miller brothers claimed title to the lands. “Oh, that means they're going to Stand suit,” said Booth, “There was an argument when George B, Chamberlain of Harry M. Daugherty’s counsel took up the ‘cross examination. “My client is Out of office on the strength of rum-running, rum sell- ing. convict testimony,” Chamber- Jain said, “and he hasn't had a chance to put in a witness. I ask in all fairness that some of the gen- tlemen in the department of jus- tice whose reputations are above Objection will be allowed to come here.” iere is one of them, now,” Sen- ator Wheeler observed, pointing to Booth. The committee recessed until to- » morrow. JUPREME COURT GIVES OPINIONS IN MANY CASES States Cannot Compel Railroads to Abolish Grade Crossings WASHINGTON, April 7.—States cannot compel interstate raftroads, the supreme court declared today, to join in the construction of Union stations, and cannot compel them to abolish grade crossings. The control of states in grade crossing and terminal matters was questioned in three cases brought by the raflroad comrmisnion of Calffornia against the South Pacific, the At and the Los Angeles and Salt Lake railroad companies. son, WASHINGTON, April 1.—The Sieberling Patent on a machine for manufacturing pneumatic tire shoes Was declared invalid today by the supreme court. WASHANGTON, April 7,—The su Hazlett of the Inland Of Index are scheduled to give talks, Every mem- ber ts asked to be present. ‘Transfer Shell Geologist. A. T. Schwennesen, geologist for the Dutch Shell Ol] company, has been transferred from Los Angeles. This change probably means that the Shell company will thoroughly investigate the olf! possibilities of both Colorado and Wyoming during the summer. New Test Promised. Test of an area lying south of Splitrock will be made this sum- mer by the Splitrock Oil company with which J. O. B. Koener of Raw- Uns is prominently identified. Lo- cation of the first well will be on section 8-28-89. Work is scheduled to begin within the next rew week: preme court today affirmed the de- cision of the Colorado supreme court in a case brought by the First National Bank of Greeley, Colorado, against the taxation of its property at a higher rete than that imposed upon other properties. WASHINGTON, April 7.—States cannot tax lands held by the United States in trust for Indians, it was anounced today by the supreme court. WASHINGTON, April 7.—Causes of action need not be tried under the laws of the state in which they are brought, it was held today by the supreme court. WASHINGTON, April 7.—When higher railroad rates are charged on a short than a long haul the ship- Per from an intermediate point is only entitled to collect such damages as he ig able to show he sustained, it Was announced today by the su- preme court. The question reached the court in four cases involving rates in Min- nesota, New Mexico, Montana, Ore- gon and Washington. WASHINGTON, April 7—The Jones Seaman's act of 1920 was de- clared constitutional and valid today by the supreme court. Organdie Parisian —esigners *'are™ never | more happy than when working out costumes in thelr favorite black and white combination. This frock of black crepe and white or gandie introduces an entirely new | 1d collar treatment! —_../ _ By Wilson Oramner Co. Allied Chemical & Dye ----. 66 American Can -. 103% Car and Foundry. 158 International Corp ni Locomotive ~...-- Smelting and Refg. 60% Sugar .---..--.--. 49% T. and T, ----—~ 127% Tobacco 140% Woolen -—---- 69 Copper 32% wemmenecceennmeenn 99% 13% 55% American American American American American Amercian Anaconda Atchison Chicago and Northwestern —_ Chicago, Mil & St. Paul pfd. Chicago, R. I. and Pac, -_. General Motors -----.______ Great Northern pfd. —.. Gulf States Stees -_.__. Milinots. Central ---_______ Inspiration Copper ._.. International Harvester Int. Mer, Marine pfd. International Paper __. Invincible Of1 Kelly Springfiel Kennecott Copper Lima Locomotive --_ Louisville and Nashville Mack Truck - Marland on Maxwell Motors Micdle States Of! . s Missourl, Kan and Tex. new Missouri Pacific pfd. New York Central - N. Y., N. H. and Hartford_ Norfolk and Western Northern Pactfic .. Pacific ON Republic Iron and Stee! Sears Roebuck Sinclair Con Of1 Southern Pacific Southern Railway ~ Standard Of! of N. J. ... Studebaker Corporation Tobacco Products A -.. Transcontinental Of Union Pacifie ... U. 8. Ind. Alcohol Utah Copper ‘Westinghouse Willys Overland __.. American Zine, Lead & Sm Butte and Superfor _ Colorado Fuel and Iron Montana Power National Lead Shattuck Arizona 16% 16% 69% 70% 45 . 46% 129 59 41 96 22 82 99 69 241 104% 195 9435 Buckeye a= -------- Continental ~--._.__ Cumberland Galena Titinois Indians «oem nens Nat. Tran, 5. Ohio Oil Preirie Ol ~. Prairie Pipe -.. Solar Ref, Sou 5. O. Kan ®. O, Ky. «. 8. O. Neb, Vacuum 8. P. Ol 8. O. Ind. ... CRUDE MARKET Cat Creek --—---.---..-~......$1.95 Lance Creek ------.-..~-—-.. 1.90 Osage .-. meen nen nnn ane 1.90 Grass Creek light --. Grass Creek, heavy --. Torchilght Greybull Elk Basi Rock Creek .~. Balt Creek -. Big Muddy -..... Mule Creek Sunburst -.. Hamilton Dome Ferris . Byron Notches —. Pilot Butte Lander Bessemer Ceneral Pipe - Cow Gulch Domino Elkhorn Fargo - Frantz Jupiter Marine . Mike Henry New York O! Picardy Preston Tom Bell Royalty Wyo- Kans ...-.«0-00 6.00 01 8.25 1 00% 3.00 Che Casper Dally Cribune Denver Stock Lit WHEAT MARKET DEGLINE. NOTED PROVES WEAKIIN WALL STREET Bid Asked ‘Amal, Sugar ------.. 4,87 5.00 Big Indian ----.--... .07 09 Blackstone Salt Creek .29 33 Boston Wyoming --.. .01 01% Buck Creek Chappell ‘Columbine —_-. Centra! Pipe Lin Consolidated Royalty . 1.28 Central Securities .. 107.00 109.00 QR. T. Williams Holly Sugar Frantz pfd. ~--------89.00 90,00 Gates -- 10 12 Kinney... 14 16 Lance Creek Royalty. 01% .02 Mountain States —..-106.00 107.00 New York Ol1 - Bed Bank Sunset ‘Western Exploration — 3.65 Western States 2 Y ow 9 i NEW YORK CURB CLOSING Asked Mountain Producers . 5 Glenrock Ofl —--... Salt Creek Prds, .. Salt Creek Cons. New York Oil — Mutual Marine ae Prod. and Refrs. -... 8. O, Indiana 3.85 23 10 LIVESTOCK CHICAGO, April 7.—Hogs. | Re- celpts 63,000; very slow; opened fully steady, mostly to shippers an@ yard traders; packers now bidding lower; shippers moderate buyers; early sales bulk good and choice 260 to 325 pound butchers $7,50@$7.60; bulk desirable 160 to 225 pound weights $7.45@$7.55; top weighty butchers and ight weights $7.60; better grades 140 to 150 pound averages $7.10@ $7.40; bulk packing sows $6.80@ $6.90; killing pigs steady; bulk bei- ter strong welght $6.25@$6.75; heavy weight hogs $7.35@$7.61 medium $7-40@$7.60; Ught $7.25@$7.60; light light $6.25@$7.50; packing sows smooth $6,85@$7.00; packing sows rough $6.70@$6.85; slaughter pigs $5.00@ $6.76. Cattle. Recefpts 19,000; beef steers and fat she stock steady to strong: spots 10 to 15c higher on_ better grades weighty steers and desirable beet heifers; welghty steers in most active demand; supply comparative- ly scarce; early top matured steers $12.00; several loads $11.00@$11.65; bulk fed steers $8.50@$11.00; well fattened yearlings scarce; bulk beef helfers $6.50@$8.50; part load choice offerings upward. to $10.10; bulls fairly active; few weighty sausage bulls upward to $5.25; bulk around $5.00; vealers strong; mostly $10.50 downward to packers; country - de- mand stockers and feeders except ing meaty weighty kind; slow; about steady. Sheep, Receipts 16,000; very slow; few early sales fat clipped lambs $14.50, around steady; sheep very scarce; practically no shear- ing or feeding lambs offered. OMAHA, Neb., April 1.—Hogs— Receipts 17,00 narket slow; five to 10¢ lower; bulk good and chotce 0 and 300 pound butchers, $ top $7.20; good 180 to 210 pound weights $6.90@7.05; bulk pack- ing sows $6.40@6.50; average cost Saturday $7.15; weight 250. Cattle—Recetpts 8,800; plainer grades beef steers and yearlings eligible to sell at 10.50 or above, moderately active; stead; others slow, 10@15 cents lower; top steers $11.00; bulk steers $8.50@10.25; yearlings $7.85@9.50; she stock slow, steady; vealers steady to 26 cents lower; bologna bulls 15@25 cents higher, stockers and feeders moderately active, steady; bulk butcher cows and helfers $5.00@ cannera and cutters $2.50@ stockers and feeders $6.50@ one load fancy warmed up feelers $9.25. Sheep—Receipts 7,000; fat wooled lambs, slow; two loads §3 pound ay- erages $16.00; steady; generally ask- ing 25 cents higher; clipped lambs moderately active around 25 cents higher; early sales $13.90@14.00; sheep earce; shearing lambs 25 cents higher; two loads $16.00; two loads 94 pound weights $15.60, DENVER, Colo., April 7.—Hogs— Receipts 1,550; mostly steady; top, $7.80; few cholee 200 to 230 pound averages $7.00 to $7.20; fow plain driving up to $6.80; light lights $6; steady to weak; packing sows $5.15 steady; slaughter pigs $5.25 to $5.7 Weak to 25c lower, Cattle—Recelpts 1,400; calves 150; steady; two loads good nteern $9.25; mostly steady; helfers $8; plain to good cows $5.25 to $4.15; desirable Ught heifers $8.00; few bulls $4.25; plain vealers $12.00; others mostly $11.60; no desirable stockers of- fered, Sheep—Receipts 1,100; fat lambs 25 cwnts higher; few 77 pound to 80 pound averages $14.85 flat; few de. sirable weights $14.75; frolght paid; 64 pound spring lambs $15.00; culls $12.50, POTATOES CHICAGO, trading slow, | April Potatoes, | market slightly weaker | on northern stock, firm on Jdahos;| recetpts 106 cars; total U7. 8. htp- | ments 914; Wisconsin sacked round whites 20@81.40; Bulk 81.809 $1.50; Minnesota and North Dakota packed Red River Ohion $1.15@$1.20: Idaho wacked russets $2,66@$3.00; Montana sacked russets $2.40@$2.50, Downward Tendency In Early Dealings Rallied In Later Sales CHICAGO,’ April. 7. — Wheat showed a downward tendency in price today during the early tran- sactions, A decline at Liverpool this morning in the fact of strength here Saturday was chiefly respon- sible, Only scattered selling how- ever, developed, Opening prices, which ranged from % to %c lower with May 1.02% to 1.02% and July 1.04, were followed by a moderate further setback. Fine weather eased the market for corn and oats. After opening unchanged to%@%o off, May 78% to 78%, the corn market underwent a sag all around. Oats started unchanged to %c down, May 46% to 46%; later, all delivefies receded somewhat. Provisions lacked support, not: withstanding that hog prices were steady. Subsequently, sales of wheat to go into store here acted as a check against rallies in price. The close was weak, % to lo net lower, May $1.02% to $1.02%@% and July $1.03% to $1.04. A decrease of 1,898,000 bushels in the visible supply was larger than had been expected and the close was unsettled at % to %o not de cline, May 78%c. Wheat number 2 hard $1.034@ $1.12; number 3 hard $1.01%. Corn, number 3 mixed 78; num- ber 2 yellow 79%c. Oats, number 2 white 48% @50c. number 3 white 47% @48%c. Rye, number 3, 65%c. Barley 67 @77c. Timothy seed $5.00@$7.60; Clover seed $16.50@$22.50. Lard $10. ribs, 60 pound averages $9.75; bellies $10.25. SUGAR NEW YORK, April 7. — No changes occurred in refined sugar prices which were listed from $8.20 to $8.40, but a firm improvement was reported in demand. Refined futures were nominal. Sugar futures closed steady. proximate sales 27,000 tons. $4.95; July $5.09; December $4.56. LIBERTY BONDS NEW YORK, April 7.—Liberty bonds closed: 314s, 99.3; first 4%s, 99.22; second 4s, 99.2: 100.5; fourth 4s, 99.27; ernment, 4%, 100.19. SILVER | LONDON, April 7.—Bar silver 32 13-16 pence per ounce. Money 1% percent. ‘Ap- May September $5.04; NEW YORK, April 7.—Bar sil- ver 63%; Mexican dollars 48%. o cic Sialic MONEY firmer; high 6%; low 4%; ruling rate 4%; closing bid 5%; offered at| 5%; last loan 54; call loans against acceptances 4; time loans stend: mixed collaterial, 60-90 days 414; 4 months 4% @_ 4%; prime commercial paper 44 @%. ——————__—_. Foreign Exchange NEW YORK, April 7, — Foreign exchanges irregular; quotations in cents: Great Britain demand 432% cables 482%; 60-day bills on banks 430%. France demand 5 NEW YORK, April 7.—Call money iE Selling Pressure Forces Many Issues Down At Least Three Points Speculators for the decline regain- ed control of today's stock market, forcing recessions of ong to three points throughout the list. Selling Pressure, which apparently was in- Spired by the reactionary trend of commodity prices and the delay in the publication of the Dawes report, was most effective in the steel, ru ber, equipment and motor shares, many of which sold at the lowest prices of.the year, Sales approxt- mated 800,000 shares. Stock prices were irregular at the opening of today’s stock market. Selling pressure was renewed against the independent stects and motors, Chandler touching a new low at 46% and Stewart Warner dropping 1%. American. Water Works advanced 1% on publication of a favorable 1923 earnings report and General Electric advanced one. Selling pressure was increased as trading progressed, Gulf States steel dropping 2% points to a new 1924 low at 70% and Crucible duplicating its previous low at 64%. Additional new lows were established by Pierce Arrow common and preferred, Kelly Springfield and American Agricul- tural common and preferred. Losses of @ point or more were scored ‘by more than a dozen active issues, in cluding Baldwin, American Can, American Radiator, Corn Product: and American Woolen. Fisher Bo dropped 4% and General Electric fell back three points from its early high, Foreign exchanges opened firm. Speculative disappointment over the failure of the. Dawes committee to make its report public today was held responsible for the heavy sell. ing by professional traders which fed down prices one to 3 points motors, chemicals and tobaccos bore the brunt of the pressure, several Issues in those groups establl new low prices for the year Pont, Woolworth, corn products and Atlantic Refining sold two or more points below Saturday's closing levels. A slight rally set in before noon when buying of the rail shares was resumed, Norfolk and Western climbing more than 1% points, Call and Chesapeake and Ohio each money opened at 4% percent. Public utility issues were shoved up vigorously for a time, particular. ly American Water Workers and Electric, and the six percent prefer. red, West Pennsylvania Power and Utah Securities, but the market otherwise was subjected to more in- tense selling pressure, Baldwin, Crucible steel and United States Alcohol were among the lead- ers that ruled in the neighborhood of two points under Saturday's closing, while United States Rubber broke 2 % to 28, a new low price for the year. The closing was heavy. Norfolk and Western moved against the cur- rent trend in the late dealings, rising nearly two points to 131% | while Baldwin tumbled 2% points to $1.14 %, a new 1924 Jow 1.04% 1.0. 1.05% 1.04% 1.04% BELLIES: July 10.55 10.56 10.55 Visible Grain Supply. NEW YORK, April 7.—The week- ly visible supply of American grain shows the following changes in 5.78%. Italy demand 4.42% 4.43. Belgium demand 4.54%; 4.85%. Germany demand (per Mon) Holland 37.18, Norway 13.70. Sweden 26.38. Denmark 16.47, Switzerland 5. Spain 13,98. Greece 1.74%. Poland .000012. Czecho Slovakia 2.98. Jugo Slavia 1.24, Aus- tria .0014, Rumania 152%. Argen- tina 33,50, Brazil 11.55, Tokio 42, Montreal 98 1-32. Ste che Flour, MINNEAPOLIS, Minn., April 7 —Flour unchanged. Family patents $6.35@6.60. IE Butter and Eggs NEW YORK, April 7.—Butter in steady; receipts 5,641. Creamery higher than extras 41@41%c creamery extras (92 score) 4010; creamery firsts (88 to 91 score) 38% @400; packing stock, current make, number 2, 280 Eggs firm; recetpts 19,120; fresh gathered extra firsts; regular pack- ed 26% @26%4c; ditto storage packed 27@27%c; ditto firsts regular pack- ed 24% @265c; ditto, storage packed 26@26%c; ditto, second and poorer nearby hennery whites clovely aslected extras 28@ 440; r by hennery browns, Pacific const whites extras ditto, firats to extra firsts Cheese unsett! pounds. State, whole milk, flats, fresh fancy 17@180; ditto averngo 16@16%0; state whole milk late held, fancy to fancy specials 23% @2be; ditto average run 23¢ 28 eo. extras bushels: Wheat, decreased 892,000, Corn, Cecreased 1,898,000. Oats, decreased 1,577,000. Rye, increased 82,000, Barley, decreased 278,000. MINNEAPOLIS, Minn., April 7,— Cash number 1 northern $1.10%@ $1.15%; number 1 dark northern spring, choice to fancy $1.21%@ $1.26f good to choice $1.16% @$1.20 %i ordinary to good $1.11%@$1.15 Hh: May $1.10%; July $1.12%; Sep. tember $1.11%, Corn number 3 yellow 71% @ Oats number 38 white 43% @44% Barley 57@71. Rye number 2, 60 %@61% Flax number 1, $2.42@$2.49 —_— METALS NEW YORK, April 7.—Copper electrolytic spot and nearby 13% @13%} futures 13%. Tin unsettled; spot and $52.60; futures $52.12. Iron steady; number 1 northern $22.50@$24.00; number 2 northern $21.50@$23.00; number 2 southern $23.00@ $23.50. Lead stondy; spot $8.75, Zino steady; I and fut $6.3 Spot $10.50 nearby Wyoming Oil NEW YORK, Apr! Wyoming olls at 2 p. m. today were lated on the New York curb as fol lows; Stander’ Of} rock 82; (Indiana) 61; G Mountain Producers Czechoslovak Rep., 8s ctfs. Danish Municipal, 8s A - Dominion of Canada, French Republic, Japanese, 4s Kingdom of Belgium 8s ~ Kingdom of Norway, 6 Rep. of Chile, 8s, 1946 — State of Queensland, 6s — U. K. of G. B. & L, 5%, 37 s 10034 93% 104% Railway and Mi American Smelting, 5s American Sugar, 63 . American Tel. col. tr., Anaconda Copper, 7: Anaconda Copper 6s, 1955 -. At. T. and San Fe., gen 4a ~.. Balitmore and Ohio cv., 4s Bethlehem Steel con.; 6s, Series A -. Canadian Pacific deb., 4s --—---.— Chicago, Burlington and Quincy re! Chicago, Mil., and St. Paul cv., 44 Chile Copper, 6s Goodyear Tire 8s, Great Northern Montana Pow Northern Pacific ref., 6s B Northwestern Bell Tel., 7e Pacific Gas and Electric, Se Penn. R. R. gen 6a —. Sinclair Con. Oil col 7 Southern Pacific cv., Western Union 6%s Westinghouse Electric Wilson and ¢ FUNDS DONATED FOR CAMPAIGNS BEING GRILED (Continued From Page One) Te expected to got out ci all this?” pursued Senatur Walsh. “No,” French replied Hamon was quoted by the wit- ness as having said he had told the national committee he would take care of Oklahoma in the general election. Senator Spencer, taking up the cross examination asked French if he was a Democrat. i a Texas Democrat, was the reply. Was anything ever said by Ham- on about federal land leases?" aswed Senator Spencer. Nothing’ whatsoever.’* “When you spoke of a $25,000 payment for Mr. Harding’s hotol expenses you did not mean his per- sonal expenses?” No, it was for the Harding com- mittee expenses—headquarters ex. penses. Asked thank why Hamon switched his 90 110% 107% 94% support from Lowden to Harding, French said the former national coiamitteeman had told him Mrs. Ifamon had requested that he make the switoh. “How was the $400,000 payment disbursed?" asked Senator Stanfield Republican, Oregon. It was sent into the verious pre- cincte,” the witness said. He ad- ded that the $400,000 was Hamon's own money. Robert I. Wolfs, publisher of the Ohio State Journal and a supporter of Leonard Wood in the 1920 pre-convention campaign was called to the stand. From various source: ator Walsh, “Information has como to us that you know something about an offer made to General Wood to encompass his nomination.”* “I know nothing about that,’”* Wolfe said. ‘The first I heard of it was when T read it in the papers since this investigation began. Wolfe said he took no part in op- posing Harding ;at Chicago; that Harding was a publisher in a near- by town, and for that reason he had decided not to actively oppose him. “What did you go to Chicago for? asked Senator Walsh. “Just to see the show, just as T am going to Clevelaad and New York this year. The witness said he never had thought the Chicago tight was be- tween Wood and Lowden, that he had expected from the first that Harding eventually would be nom- inated. of Columbus, We Have Several Small Mortgages In Amounts of About $1500 to $2000 Each Which We Will Discount to Net 12% Interest These Mortgages Are Paid Off at the Rate of $40 to $50 Per Month Mortgages of this type will earn more net money than apartment houses or houses built for rental purposes and no risk, No better security for your money in Wyoming. At any time before, expiration of mortgage upon 60 days’ notice, we will take over mortgage and pay 8% interest. Baker-Grude Inves. Co. Phone 1189 133 North Wolcott he Flexibility of Our Service never fails to appear, for it enables ug to take care of large and small funerals, and to fit in with every requirement made by varying cir- cumstances, No matter what is expected of the officiating mortician, we try to bend our service to meet the We have been very succes coping with every situation in the past; we tr demand. sful in we will be equally 60 in the future, Shaflfer-Gay Co. Funeral Directors “Distinctive Funeral Service Phone Day or Night 202 ee". pa Mutual 114%; New York 11.