The Daily Alaska empire Newspaper, January 3, 1928, Page 2

THE DAILY ALASKA EMPIRE, TUESDAY, JAN. 3, 1928 LT T T T T PRI s LU LT BLANKETS Every housekeeper should check up on bc(idiilg needs immediately and make purchases here dur- ing this month when prices are right on such a dependable stock of blankets, pl"OWi, sheets, cases and bed spreads. Don’t fail to look lhese ouer. B.M. Behrends Co Incorporated LT T L TR L b R T T R T T T T TR LR R TP 0] Juneau’s Leading D(‘]ldl‘llll(‘lll Stol(- ='mmmumm BUSINESS FACES PRESENT YEAR : WITH CONSERV ATIVE OPTIMISM (Conunuea rrom Pase One.) r"‘ 58 and Missouri river valleys. Sim ilar damage, although on a nall er scale, wa wsed in New Eng land in the Fall. The soft industry suffered from a min strike, still in effect as the . Steel common was hir!'anh. Studebaker, Hudson, Hupp up to a new ‘high following the and Packard, but' many smaller declaration of a 40 per cent stock conipanies made a poor showing. dividend, which preceded hy a few Automobile exéeutives have pre! months the death of Elbert H. dicted recordbrenllng production coal| Gary, for more than 25 years heal in 1928. '|ur the corporation and sgnized | Copper uhure! developed unub- year!spokesman of the industrs tudl activity ‘and ‘stremgth<in re- closed, although mediation efforts| alk of steel mergers was rifs, 'sponse to the improved trade out- were under way. Several indus-ipye (he absorption of Trumbull by | look,” now ‘considered the best tries, particularly in the automo ]1.. public the only impoftant since the 'Wwar. Wréene Cananen, tive field, were hard hit by the 15 qoyvelopment Some disappoint- (he ‘gensation; moré than quad- month shut-down the Foil|ment was caused by failure of rupled it qioted Value upon the plants. | Bethlehem Steel to resume divi- discovety “of # 'fteH ore body on ___wldends on common, althouzh stch "Jm;wn barring umexpected bui ness depression, videly pre- |, dicted for 1928, nal galnsy e i A —3%, were recorded by ) furope’s economic progress was' Products profetred, American M- — # reflected fn the return of sterling ! chine and Foundry and Ame Oil shares contimued under: fhe and several Continental - | Steel Foundry. depreatiug iglaibe -Gt “ORRviDID: Discov ry of prolific it cles to parity and {he beginninz i ; o of arrangements for the In Voot Toxas followed the | Iremendons Gi., ut.in ‘the Semi. stabiliza- | frold tion of the French and Italian cur- rencles, which probably will be 4 Oklahoma, which, effected in 1928. One difficult!* showdd signg of problem will be transfer of G Agibements ‘1o ¢ man reparation payments, W those of irivestthent fon, though uecess reach their maximum under the|€d @ substan b ties, fatied to influ Dawes plan nest Fall. This prob. | ure of the mimerce{ence ~ oil v (he general situation. ably involves drastic cha jui| Commission €0 approve ponding | The decisive stand taken by tne Germany’s financial policie 3| major solidations and lecisions | American I'ctroleum Institute o pointed out iu the recent o | against n the lowsr | conserve oil resources, approvel l.nvt‘llllllll" auth arons- ot a1 wils of EXCHANGE cur RAILROADS 72 lat g Railroad particalar ) merit, enjo Fail- | in scie i of Agent General of Re 1 USRI Iy Gilbert, who urged restric | foreign loans to productive pur-| poses and curtailment unp:o duetive domestic expenditures. As 1927 closed, large exports of gold went to. Europe, Iudia Bouth America. They repr { ed only a small part of the sup- ply in this country, which, rons ly was estimated during the sum mer as about bne-half the worid's ‘total stock, but nevertheless| aroused considerable dizcussion to their effect upon interest rat ts——-r 3 STOCK MARKET - th the orn offo ed dends Rapid to reduc: of 3 promoters of Van and Sounthwe: mtirned ! progress was the development of South American oil fields, particularly in O Venezuela, due (o a practical exacu-| shut-down in Mexico because of also held a mee'-{ the controversy over land laws. in an effort to iron ont @i-| A Megican along the Atlantic ved-|sion in"favor of ‘the ‘Amoricah ol board. The St. Paul reorgan companies held out liopé of a &t~ on was approved by the U itlement. * Purchase of - Russian Supreme Court afte long and | Soviet ‘oil “by “the Standard Of} i v fight by mino bondhold- | Company of Néew - York started n bitter controversy' between that cofpdration "and the ‘Royal Dutch Shiell iriterests * of Great Britain, | ¥ bit predictions of a world-wide price-cutting war had not materi. peake and Ohio and Southen|alized as the year reared fts Railway were increased. Dire~. | close. tors of the Missourl Pacitie ap- v 8 offited a commitice to comside £ extending the duration of the cur ::\;mln-u.ir- ¢ l‘xn‘u!;;):)nmn: eteetrieat [‘ rent “bull” market to mearly fourjeny fdends on pra years. The average of 20 leadins|ge;, The Haven industrials compiled by The Ass2-|paiivgad paia aeBt to (he Gov- clated Press moved within ernment throngh the procceds range of 45 points and the aveil, praferred stock issue, and c age ‘of 20 leading rails within alyesumption of dividends on range of 30 points, both closing common is looked for. the year within a few pohrts of fg the high leyels. with proval. [Eastern tives ings ferences es of | Dividends were regumed on € Rock Island and Pacific {common. The annual dividends on Bangor and Aroostook, Chesa- “Ohlike the stock market of Y926, which was upset by a dras reaction in March, the rally preies was accompanied only| Dby moderate recessions in Janu- ary, June, October and December, . Record | bren!nu ehcmm o put Was retlected Inl ‘the steddy dppreciation in quotdtions of puy: lic utility shares.” The rally: wai heldiin check, however, By ‘tNredts el .| Of @ congtessional” investigatist ‘]' into recent super-power projécts and the growth of holding *soti- |- | (panies i the Piblie weiity tleth.’ The ' shift ‘from offich bulidings and residences to publie wotky and enginee! ts ' cNabas: terized the indtistry, which maintalnéd ‘= reldtively high rate of uumx Textild, * rubber stocks ma- progress, dithough thé ‘titlook each industry showed m~ the ‘ AUTOMOTIVE ¢ Ford plants, ) ——eet} pending introduction of new mod. of steel shares followeldlalg i December, generally was the trend of trade condi-lpelq responsible for the decline in 4“ showed considerable| 4ytomobile production. - Unusual in: the Spring, became yocperity was shown by a few ly dull in the Sum-l.,mpanies, particularly General I and developed siBN3iMotors, wholesales and earnings as the year clfl‘ibwke all records, and Chrysier, duction in the floating supply, "ing privileges. 'Stock Exchange ' authorities alarm of fire. quested not Stipreme Cort ‘deck | Chemical shares also r>- sponded to better tradé cond: tions. * Strength of the mall order stocks was assoclated with the in creased purchasing power of the agricultural regfons. ‘The steady growth of chain stores was mir rored in the rise of their semni- ties. Spectlation in airplane stocks was augmented by werld-wide in- terest in trans-oceanic and other long-distance flights. Wright Aers: nautical, manufacturers of the “Whirlwind motor” used by Lind- Hergh and othérs, appreeciatedl about 400 per cefit in value. Ex- tension of commercial air routes, approved by President Coolidgo, and the interest in air develop- ment shown by Henry Ford also wore important factors in the llw meént. TOBACCO \ Unprecedented cigarette con- sumption and lowered cigar man- ufacturing costs through installa- tion of " labor-saving devices pro- vided a background for the ad vance in tobacco stocks. Fool and drug shares were helped by consolidations and by clevér ad- vertising popularizing scientific tefms. Keen competition in®the dléctrical refrigeration industry | had a disastrous effect on the se- curities of some of the smaller mandfacturers. Two ftmportant stock market developrhents were the tremend- ous growth in investment trusts, making possible rapid apprecia- tion ‘in many stocks throogh re- and decision of the New. York Stock Exchange to admit shares of for- eign corporations to limited trad- One of the most with which had to deal was the acceleration «f the stock ticker to record prompi- ly market transactions. Some headway was made by further ab- breviation of uuotanuns Stock Market Sets New High Recoris difficult problems Sales 575,000,000 in 1926455, Total Stock shares—450,000,000 000,000 in 1925. Separate issues ing a single day, 714 on Dec. 1927. Average of 20 trials: 1927 High Low 1926 High Low Average of 20 1927 High Low 1296 High Low Price of New change Seats: High $310,000 Low 170,000 Stock Exchange member loans: High—$4,091,836,303 Dec. 1, 1927 Low — 3,138,786,238 Feb. 1, 1927 ———————— traded in dur- leading indus 182.73 141.23 148.89 123.11 leading rails: 152.95 125.58 128.73 105.88 York Stock Ex- WARNING ISSUED BY HELLO COMPANY Juneau telephone subseribers are ‘again warned by the tele- phone eompany and Juneau Fire Department officials = regarding the use of phones following an Subscribers are re- to ask central for the location of the fire until fully 15 ‘minutes after the alarm ha: been turned in. Subscribers aré also ‘warned, ‘espeially those on party lines, that immediately fol- lowing a ‘fire alarm, central gives six rings. 'This warning is sent over the line to firemen having resident phones and notifies them 1| that a fire has been reported. Last Sunday, it is said a 10- minute' delay resulted in the turn; ing on of the salt water stream from the A-J mine because fire- men were unable to get central over party lines owlng to sub- scriéfd using the line in seeking information regarding the loca- 1 uon of the fire. —“‘v——— Evidence, Usiknown, Is . by Doctgr ‘. @HICAGO, Jan. 3-—Dr. Ralvh Lintén, ot the Chicago Field Mu- Migrasi H fouth, had returmed from a two| Féar:touis’ of ‘Madagascar and an Howkedd hé'liad acquired evidemce, M unkiibwn, of the migra: “of "people of Asiatic origifl it Mofl Africa ‘and Madsgee- eury #Bout” 2000 years ago, thus ? - {né problém lorig perplex- s6WmE »m:.,. ieraton swrt ed in the vicinity of Java, Bornds' .nd Su _whén a rdce of sar- ages thut’ tegfon. stream anly m° an other went north settling in the Ny NO. e . | dantages. Weather Conditions As Recorder by the o, S Weather Bureav Forecast for Juneau and vicinity, beginning 4 v. m. today: Snow or warmer; rain and warmer tonight, Wednesday rain LOCAL DATA | Burom. Temv., Humidity Wlnd Velocity Wedther | 30.05 28 46 10 Clear 29.84 38 21 SE 11 Clear 2063 88 31 SE 11 Cldy CABLE Al‘b RADIO REPORTS Time— 4 p. m. yest'y 4'a. m. today. Noon today Stationa— Nome R 5 ] [ Bethel 14 4 3 x 6 0 Fort Yukon 22 ~26 | =82 - 0 Tanana 1 2 - o Clear Bagle -6 0 “Clear St. Paul 3 0 Cly Dutch Harbor m 0 Cly Kodiak — Rt Cordova 0 Clear Juneau g Clear Ketchikan 48 Rain Prince Rupert 08 Rain Edmonton 0 Clear Seattle .78 Rain Portland 12 Rafi San Francisco.. 58 58 | 5 4 .06 Cldy ®—Less"than 10 mies. Fhsl | — B e » Note.—Observations at Duleh Harbor, Kodiak, Juneau Princ Rupert, Edmonton, Seattle, Portland and San Francisco are made at 4 a. m. and 4 p. m., Juneau time. A low pressure area is central near latitude 50 ®North, longitude 150 West and the pressure is falling rapidly over most of Alaska. The pressure is moderately high in the Pacific States 'and interfor Canada. Rain is falling at Kodiak and Ket- chikan and clear weather prevails over most of the rest of the Territory. Low temperatures erate temperatures for the season prevail over most of the re- mainder of - Alaska. FIRST LOUISIANA ALIENATION SUIT - . LOST BY HUSBAND OF DIXIE BEAUTY 'W ORLEANS, Jah. 3—The nd of Virginia Hobbs Mou- uisiana beauty, is the loser uisiana’s first and onmly suit lienation of affections. ustin R. Moulin brought suit against Frank J. Moa- telebne, wealthy New Orleans so- ciety man, charging the latfer with winning away the affections of jis wife and asking 380,000 in Mrs. Moulin is a fox m:%beauty prize winner of Mem | e lower court held that he| had no cause of action, and in rxl decision upon appeal, Chief Jus- tice Charles A. O'Neill of the state supreme court confirms tho opinion and voices opposition to “reducing a woman's affections to a column of figures.” Marriage is considered only as’ a civil contract in Louisiana, and the law does not authorize inflic-| tion of punitive damages in civil cases. In the 200 years since| Bienville founded the city of New Orleans and the province of Louisiana, the Moulin suit is the tirst of its sort in siate courts. | “A law that would allow tha| husbarl compensation in money for such a wrong would be revoli- ! ing to the majority of men,” Jus- tice O'Neill says, “and might ten more to encourage blackmail then to protect the home.” At common law, he points out, the right of action*for damages in alienation of a wife’s affections is based partly on “the obsolete iden Men Rouae’ that the wife Is one of the nhus-|Buyers Abountd band’s chattels. But in Louisiana . i the wite fiow has evéty preroga- ln Chwflso & tive possessed by her husband. “It would be absurd, therefors,| CHICAGO, Jan. 3—Parls may be excited over the use of pow- to give the husband the right of | action for damages for .llenntlunlg::s"m" .“decama"c; ?;fl of the wife's affections on the| e s 7o cazo h use is quite a matter of theory of common law that she is| ' his inferior,” Justice ©'Nell Ae.| C0Ursé—althotgh by no “meais 1. clares. He advocates a penal sta- Seers tute as the best means of check.| DruSists on the near north ing alienation. side, a section much favored by artists, models and others of B5- phi. l VIRGINIA MOULIN CHIEF JUSTICE C. A. O'NEILL '|'quered the Arctic and “Antarectio, th westward - u«mfim | ‘canbes and A-- 2 l cm fl'et hemian ilk, say that men who buy ana|, fresh southeasterly wirds. 1 Highest 3 p.m. | Sa.m 8am Lag ! temp. tem& E p._tem) E elm‘l( “'l ‘- W, H Clear |’ Clear | Clear | s s COLEMAN RADIAN T “HEA TERS MAKES ITS OWN USE IT ANY WH NO SOOT NO SMOKE Drop in and see this stove when it is burning | Juneau-Yourig Hardware Co: Ilardware and Undcrtakmg continue at Fort Yukon, but mod-| . NANAIMO WELLINGTON CoAl NANAIMO is the cream of Wellingten Coals and a trial ton will convince you that it is intensely hot and long-lasting, Order from yoiir dealer Pacific Coast Coal Co. C. D. FERGUSON - PHONE 412 C. D. rr.n(mson, m ALASKA MEAT CO. Wholesale and Retail Butchers - - - PHONE 39 SEWARD STREST. MAIL BOAT AMERICA FIRST Leaves every Wednesday, 1 p. m. from Juneau, way points fo PETERSBURG and KAKE HAHO’S MOTOR BOATS LINE. . touge and face powder are much From' .Iapnnuefloyalty more finicky about it than wo- '@SLO, Norway, Jan. S—Roald men. Many of them' quibble over the proper shade of lipstick and the tint of powder they desire, Amundsen was rewarded princi pally with glory when h.’ s ‘lt is not a case of effeminacy, some of the druggis say, but just the changing times, like the manner in which women now buy cigarettes, where a few years ago they wouldn’t think of asking for ‘them openly. but for piloting Prince Chin Ri and Princess Masako of Japan over Oslo he got a chest of silver: The 'gift, a souyenir of the royal couple’s visit, was ornament:d with the’ imperial Japanese cont of arms in gold. ' Tom Pollard, formerly clerk on The royal tourists, who ar2|the evening shift at the Gastineau studying the mnations wof Europ:|Hotel, left on thé Princess Mary and visiting the heads of states;!bound for his home in Red Lodga: ‘were very much imterested 'm|Montana. He expects to feturn to hearing from Amundsen’s-own lips| Junésu isi four or five weeks. the tales of his various explolts. B — 'They went out to the historical' Permanent Waves, $15: muséum of the University of Oslo Mlul Beauty Parlor. —adv. t0" ge¢ the model of the “Fram,” Aol tite vessel on which he sailed for |LET Almquist Press Your Suft. the South Pole, > .{We call and deliver. Phone 528. A SRR £72 » THESE WINTER DAYS AREIDEAL FOR INTERIOR IMPROVEMEN‘I’S Spruce or Hemlock will give yon vary . good satisfaction. FOR FLOORING—WE REGOMMEND VER. TICAL GRAIN HEMLOCK FLoomN For ample power;: tion and as the mos