The Daily Alaska empire Newspaper, January 6, 1936, Page 7

CTY EDITOR TALKING- WHAT 77 RONNIE o CASSY lS COMlNG BACK TO MARRY WH SAIRY HOPKINS HOLDA W\RE" QI.“%K ,EDDIE- RONNIE DE CASS JEHOSHAPHAT !i! EVER'BODY'S HEARD OF HIM- SOCIETY MAN-- POLO- PLAYER ; LION-HUNTER-- HOT DOG SAILING HOME B\ NEXT WEEK-- 'MRPORT PLAN S~ RENG QL 3 5 4 > = © 1933, King Features Syndicate, Inc., Grea Britain rights re Stock Market Hits a Four-Year nghDuflitg demg Last Yodb [SEVENTH-flfiY = THE A§56CIATED PRESS AVERAGE OF 60 STOCKS | AVERASE PRICE l $158 A\ SHARE “{BULL MARKET PEAY. % FROM YEAR'S LOW s DGLLAR REVALUATION UPHELD ON_REPE/ LAR REVALUED | MORATORIUM PACIFIC COAST STRIKE SILVER NATIONALIZED TEXTILE STRIKE ENCLAND ABANDONS COLD GREAT | DROUGHT] jU S STCPS GOLD PAYMENTS BUSINESS UP 3 ROOSEVELT ELECTED CANK HOLIDAY GOLD PURCHASES STARTED 7A UNCONSTITUTIONAL NRA INVALIDATED a NRA LAUNCHED| {/CONGRESS ADJOURNS | 4 6% REDISCOUNT RATE CALL_MONEY 20% ‘ YEAR T ¥ RADING RANC! CANKERS' POOL ORGANIZED BANKERS' POOL LIQUIDATED IGERMAN DEBT AGREEMENY REACHED 1 1 ~1rT T It 1623 $ 1523 This chart of The Associated Press average of 60 stocks shows t he market fluctuations from the peak of 1929, through the low of 1932 to date. The chart is keyed to events during the last seven y ears which had bearing upon cr were an cu'growth of business acti ity. Note the extremely narrow range of the market for more than t we years from May, 1933, until October, 1935. The market, rising steadily frem the season’s low in the first quarter of 1935, climbed o ut of this range late in the fall. By VICTOR EUBANK NEW YORK, Jan. 6. — British forces took command of the stock market in 1935 and led formerly wavering equities into new high territory for the past four years. The principal buying motivators appeared to be: historically low money rates and a growing volume ' of idle-funds in the country seeking employment; a resumption of public demand for goods of all categories; huge Government spending on re- lief and public work programs; the mounting of excess bank reserves to a record peak; expansion of the country’s gold stocks to above the $10,000,000,000 mark; unsettled con- ditions abroad which brought spec- ulative and investment cash to the United States; lessening of ap-| prehension over legislative develop- ments, and some fresh inclination to hedge against possible inflation. Call Money Slumps Erratic price movements spotted the market in early months of the year but, as the first quarter near- ed its close, demand arrived for a| LIFL N 1935 i ADVENTISTS ' OPEN CHURCH {Mayor Goldslem Is Speaker | in Public Services—Hall Is Filled: to {Capagity” With the edifice crowded to c { pacity last night, and the May | of Juneau, L Goldstein, as principal w speaker of ‘the evening, the official |opening of the Seventh-Day Ad- | ventist Church of Juneau, situated | | on.the corner of Second and Main. Streets, pyovidéd an auspicious bes | | ginaning for Pastor H. L. Wood’s | apostolia career in the Capital City. As mdny) persons as the church | could }wlfl‘heard Pastor Wood’s, | weleome to his congregation and the | | interesting and informative speech | with whicl Mayor Goldstein traced the hw'ory of the City of Juneau to its preseht state of well- -being. The entire program was as fol- lows: Doxology, Invocation, Song, ‘Ycrn of ‘Precious Blessings.” | Seripiure - Reading | Pastor H. L. Wood. i 4 | | “A and Prayer, Science Speeds Travel, Lessens Pam By lIOWARD W. BLAKESLEE (Associated Press Science Editor.) Science in 1935 promised John Smith less pain, better health, long- er life, more thrills in speed, more personal comforts. It started things that surely will make John Smith a little more of a king as days pass—and, whether he likes it or not, much more of a neighbor to all | the world. John Smith lost some of his ‘spacetime.” That's a word coined in higher science to tell the strange things that happen where speeclsi are immense and space boundless. But when the clippers flew the Pacific in five days on mercial sclecule, Spa wide assortment of industrial| €8T the zcientific sense became‘ cks. The advance occurred in the face of lagging rails. The utilities join- ed the forward trek after almost 19 months of steady decline. The power shares breasted the campaign for lower rates and the passage by Congress of the much disputed holding company bill. Invalidation of the NRA caused only momentary unsettlement. The stocks. soon. resumed the .advance. Alter holding at 1 per cen: fax 16 months.call money was cut fo ene quarter »f 1 per esnt. It was later raised to three quarters of 1 per | cent, not because of an mcres.sed demand for funds, but because (he banks decided it did not pay them to service loans at the lower rate. | With marginal reqmrememal pushed to an extremely high pqu)t[ by the securities and exchange com- mission, cash buying was one of the features of the extended rise to stocks which began in March and continued, wifh few interruptions, throughout the. succeeding months. Index Rises Sixty Percent . The start of the Italo-Ethiopian| hostilities in October came as a mild “shocker,” but proved only a brief deterrent. The market a.Lso shivered again when an Augla~ Ttalian crisis threatened over sanc- tions ‘proposed by the League of Nations to stop the war in Africa. Carrier shares backed angd filled rather indefinitely before the New | york, New Haven & Hartford and| the St. Louis Southwesteyn filed ' for reorganization ang the Nickel pPlate and Denver & Rig Grande Wastern announced deferment of interest charges. car loadings and an uptwrn in net operating incomes of .a number of the roads brought friendlier atten- tion to this group. From mid-March to the yw-epd The Associated Press average, lorl 60 selected stocks advanced about.»h-.lu €0 per cent from the low of the: year. POTLUCK SUPPER FOR COUPLE CLUB| A potluck supper, to be followed by a business session and ning, will be enjoyed by the Coul Club which meets tonight in t.h'm- i lors of the Northern nghq Preshy- terian Church. l Committee in charge will be: Mr. and Mrs. R. E. Lesher, Mr. and Mrs. | R. R. Brown, Mr. and Mrs. George Hall. H Later. gains in|. 11oad reality for John Smith. Much of | his isolation from the Orient quick- | ly droppe? Atlantie Clippers Promised Likewise earlier in the year Eu- rope came nearer with the Nor- mandie’s new Atlantic record of tour‘ days, htree hours, 13 minutes and 38 seconds. Atlantic clippers also were prom- ised. “One hundred octane fuel!” was | developed by the U.-S. Army avia- | tion service. This fuel was a dream in 193¢. But 1935 ended with sev- it “One hundred octane”—gasoline | of high anti-knock value—increased | the speed of the P-26A Army pursuit planes 35 miles an hour. Sireamlined trains spanned the continent under 40, hours, promising competition fo_air and auto. Sir! Campbell drove his “Blue- bird”" across the salt, flats of Utah for a new world’s speed record of more than 301 miles. an. hous, For driving. comfort, Johp. Smith saw the world’s first conditioned automobile; heard of the first win- ter's test at the University of Min- nesota of cast iron highway pave- ment, less slippery in sleet or rain, “diamond studded"” to be night yisi- ble under all conditions. . Silk_From Pine Trees He saw pictures of ghe first arti- ficial silken threads made from southe(n pine _trees, a, ce big engugh to clothe the world in pure sheen. Science picked tm- him_40 kinds of trees and shrubs that will grow, well in now, treeless ar While John Smith kept t pl wax his.country produged at.the Du-~ Popt works the first foolproof ex- Pplosive, uselul for farming and b , apparently not ad- Aapiable for fighting. Princeton and General Electric scientists made Jman-size vacuum tubes w trgnsmit_ electric power further. Medicine offered him improved oponflam for relief of pain, for N&h blood pressure, angina pectoris, a kidney extract that promises to help incurable Bright's disease, twi- | can MEM for men to_restore their | o minds shaken by worry. . Twg, vaceines, for infantile para- appeared. One declared pos- dangerous but_ probably also ctive. A scarless smallpox vwci@z was offered to public health officials after three x%exurj - ment at the eller Charles A. Lindbergh’s mechani- cal heart and lung apparatus open- ed new possibilities of studying the eral big cDmDGmQB about to make | he pursues the business of living. hbo'wfluollsuw;rgurmedin transportation, @iseoveries and inventions thai mean better health, ‘longer life, Jess pain and greater comfort for uu&smu while pmnas 6! disease. Dr. L. Ruzicka | of:Zurich made & riew male hormone synthetically, with a promise of arvesting senile decay. Atomic Energy Severai laboratories carried for- #ard the diet experiments under which for three years past numer- ous forecasts have been mude of increasing the human life span by 10 years. Vitamin E, the reproauction ¢hem- ical, was isolated and made for the first time. The University of Illi- nois made -artificially the 22nd amino_acid, a food factor essential for Jife, Wirephoto, in Thn Associaged | : Press, started a new era in. frans- mission of news pictures. The stratosphere flights reached a new record of 13.7 miles. And finally, something John Bflmh didn’t hear of—in atomic |enewy at Columbia University, a | method of getting out tw,hundred million times the mlhd to commercial pow- :;n Smith’s whole world will chanae TO Wllfil IT MAY CONCERN My wife, Nellie. Solbick, having { left my bed and board; is no longer permitted 0 use ‘my name for the purpose of obtaining credit and this is due notification that I will not be responsible for her accor y ady, TENUT 'SOLBICK. JUNEAU WOMEN'S CLUB TO MEET ON TUESDAY Reports on chrisuan\ aetivities and seéttlement of routine business for the New Year will demand the |attention of Jureay Women’s Club |* {members tomorrow afterpogn. The | club meets in the City Council eham- bers at 2 o'clock under President Mrs. J. M. Chase. 7 ‘0-0-0-.-—— EXECUTIVE BOARD OF C. OF C. MEETS Business transn.cmd by the Execu- tive Board of the'Chamber.of Gom- merce at thejr first regular meeting of 1936 last week was limited to rpu- tine affairs which will be presented for the copsideration of the Chamber at their regular meeting in the Term- ipal Cafe next Thursday. i ————— DEMOLAYS TO MEET All memkers,of the Order of De- Molays are requested to meet to- night in the Scottish Rite Temple at 7:30 o'clock for election of offi- cers. LEAVES ST. ANN'S Mrs. Erling K. Olafson, wife of ‘the pastor of the Resurrection Lu- theran Church, ufidischnrged from a‘ma today after a Vocal! 8olo, “Bluss osla Mae Alexander. This House," One son. Pastor H Violin &olo, | Wanda Wood. Annouricements. Vocal ‘@olo, “Light Divine,” ‘M.\( Alexander. | Benedietion, Pastor Wood. | On Tuesday evening, Pastor Wood { will talk on the subject, “A World Movement: that is Moving,” and on exl Sunday his subject will be tions Marshaling for the Great- | f All Time.” Everyone | s cordially invited, “Church Intérior The church, one of the most at- | ve shall buildings in Juneau, | neatly and suitably finished ! within, and seats approximately 250 | s. Particularly effective is { system of indirect lighting, | whereby mo shadows are thrown { on hymn books, but no light is al- | lowed to shine directly into the eyes | of the congregation. A large baptismal font, 42 inches | deep, occupies the front of the | church, and the cover of this font, | which lowers easily, provides a place for the choir. The pulpit! stands slightly to one side of the | font. An" attractive Sunday School room, a.cloakroom, and restrooms ©ccupy (he remainder of the first floor, in gonnection with the Bible- house offige, which faces on Second | Street, and specializes in sale of ’Blblos and .religious books SJAFSIE" WILL CANGEL STAGE TALK EONTRACT hxprecses Co ncefn Over “Etroneous Impresssion I Am Exploiting” NEW YORK, Jan. 6—Dr. John F. Condon announced he has cancelled his contract for stage appearances to deliver talks on “Law Enforce- ment” because of what he called An “erroneous impression that he is | exploiting the Lindbergh case.” “Jafsie said he was especially con- cerned over the action of a group of ministers in Plainfield, New Jersey, who passed a resoiution pro- { testing egainst his scheduled ap- pearance at the Plainfield Theatre today ‘as “exploitation of human tragedy.” Dr. Condon has made a series of talks on crime and law enforcement since September 25. He said he had refused to accept any remuneration other than expenses. e ~ TEACHERS RETURN HOME Vera Kelly, Impi Aalto and B. Summers, teachers, sailed on the Northland ‘for Petersburg, where school was resumed this morning. e, —— TO SEATTLE ON VISIT Mrs. P. J. Mullen sailed on the Northlangfer ‘a visit in the States. ——————— s!nm‘wninyou MAKE IT! “The Graceful Swan"! ! | | PRAYER WEEK /OPENS'TODAY AN THIS CITY Mrs. George Tanner to Be First Speaker—Union Services on Friday Plans for the Universal Week of Prayer, 10 be observed in Juneau beginning today, were completed in this morning’s session of the Min- isterial Association of Juneau and Douglas, which met at 10 o'clock in the home of Adjutant George Tanner on Willoughby Avenue. Mrs. George Tanner will be the first speaker in. the series of Week of Prayer services which culminates Friday evening in the Union Serv- ice. Mrs. Tanner will speak in the ‘Bethel Pentecostal Mission at 7:30 p.m. Tomorrow evening tne First Pres- byterian Church and Salvation Army will' hold the first of their united services in the Salvation Army Citadel, with a Wednesday meeting scheduled’ to be held in | lor, Chief Engineer of the Alaska Road Commission, who is now in Washington. Efforts for approval ugh other channels are being contitued, he said. It is anticipated here that it might be possible to get the air program plan for the Territory worked out through the Public Works Admin- istration now that it has been re- jected by WPA. The project, which, it approved, would be handled through the Comm ssion, ealls for an ex- FOR TERRITORY MEETS BARRIER Turned Down by WPA But Possi' iy Yet of Get- ting PWA Approval The three mill dollar air field development program for Alaska has been turned down by the Works Progress Administration, ac- cording to advices to the Gover- nor's office today from Tke P. Tay- iture of nearly three million ilars to ‘mprave exis.ing air fields and develop new ones. — ., SOUTH ON VISIT Mrs. Louls Kann is a passenger n the Nor nd enroute to the s for a t of several weeks. IllllllllllllllllmllllIIIIlIllllHlHIINIIIIIIIIIIIIIIIlIIIIIIIIllllIIIIIIIIIIIIIIIIIIIIIIIIII! OPPORTUNITY FOR GOLD MINERS We are now selecting a few more men who can qualify for a co-partnership in our expedition to operate our prov- en gold-producting placer properties to start March 15. Men between the ages of 21 and 45 in good health, ex- perienced in outdoor work and finan- cially able to become members of the expedition will be given full particu- lars. Apply after 10 a.m. for personal appoinment. This week only. 205 Zynda Hotel O { erve Lola | 4 | -he First Presbyterian Church. A Unlon Service, to be held Fri- | lay evening in the Bethel Pente- al Mission, will be presided ver by Rev. John A. Glasse Juneauites are requested to ob- the “Morning Thought" srcadeast over KINY — e LEGION MEETS TONIGHT Alford John Bradford Post, can Legion, will meet tonight at 8 o'clock in the Dugout with | Vice-Commander William Johnson ding. Plans for the new year's activities will be discussed and all members are urged to be on hand.| Tip-of-the-toe cost and top-of-the-head appearance don’t usually go together. It takes budget stretching and a lot of fast action to get them within speaking distance. But we do the trick easily.. .. and every performance is a depend- able one! Let The Empire take the gymnastics out of your next printing problem! @ Empire Printing Co. PHONE 374 12,3 5/6/7/8]910 11 12113/14/15/1617,18 1()20”1””"’?242 26127282930 31