davidaulloa/AmericanStories huggingface dataset:
The Coconino sun., 1923-10-12
l.. Charlebois, Flagstaff, Arizona.
D. Babbitt, Flagstaff, Arizona.
G. J. Babbitt, Flagstaff, Arizona.
Philomena Babbitt, Flagstaff, Ari

~. baDDlLC, flagSLaII, ATlZOud.
G. j. Babbitt, Flagstaff, Arizona.
Philomena Babbitt, Flagstaff, Ari-
zona.
VIM. Babbitt, Flagstaff, Arizona.
ARTICLE XI-
The private property of the stock
holders of this corporation shall be
exempt at all times and in any event
from any and all liability for its cor
porate debts of any kind whatsoever.
ARTICLE XII.
The clauses hereinabove set forth
in Article III hereof shall be con-
strued as statement of both OBJ
| jects or purposes and powers, which
powers shall be cumulative; and no
recitation, expression or declaration
herein of any specified object Of pur-
pose or special power shall be deemed
| to be exclusive of any one or more OF
the others, or of any other power
which may be lawfully exercised;
and it is. hereby expressly declared
that all other lawful powers not in
consistent Herewith are hereby in
cluded; and this corporation shall
have power to carry into effect any
one or more or all of the objects or
purposes hereinabove set forth, and
to that end to do any one or more or
all of the acts and things aforesaid,
and likewise any or all such other acts
| and things necessary or Incidental
| thereto as such corporation may law
fully do; and in conducting and carry
| ing on its business, and for the pur-
pose of attaining, promoting or fur
thering any one or more of its said
objects or purposes, to exercise any
or all powers aforesaid, and any other
/ or additional powers now or hereafter
authorized by law which a natural
person might or could lawfully exer-
else in the premises, either alone OF
in conjunction with others, in any and
all parts of the world.
IN WITNESS WHEREOF, we have
hereunto set our hands this goth day
Of August, Nineteen Hundred twenty
three 1929.
L. CHARLEBOIS,
d. BABBITT,
C. j. BABBITT,
PHILOMENA BABBITT,
VIM. BABBITT.
State of Arizona,
County of Coconino, ss
The foregoing instrument was
acknowledged before me this 9th day
Of August, 1923, by L. Charlebois,
ID. Babbitt, c. ]. Babbitt, Philomena
Babbitt and Vim. Babbitt.
G. w. JAKLE,
| (Seal) Notary Public.
Ny commission expires Mar. II, 1927.
ARIZONA CORPORATION COM
MISSION, Incorporating Department.
Filed Sept. 6, 1923, at 200 p. NJ, at
request of G.. N. Miller, whose address
is Phoenix, Arizona.
F. J. X. MCBRIDE,
Secretary.
BY Gertrude Fogle.
Recorded at request of A. Belmont
Sept. IL, A. d. 1923, at 2:45 o'clock
r. M. in Book 3 of interpretations,
page 70, Records of Coconino County,
| Arizona.
r. H. MARINE,
County Recorder.
By Fred Metz, Deputy.
The Coconino sun., 1923-10-12

Recorded at request of A. Belmont
Sept. II, A. D. 1923, at 2:45 o'clock
p. M. in Book 3 of interpretations,
page 70, Records of Coconino County,
Arizona.
r. H. MARINE,
County Recorder.
By Fred Metz, Deputy.
The Coconino sun., 1923-10-12
L. CHARLEBOIS,
D. BABBITT,
c.. j. BABBITT,
PHILOMENA BABBITT,
VIM. BABBITT.

ARIZONA CORPORATION COM
MISSION, Incorporating Department.
Filed Sept. 6, 1923, at 200 p. NJ, at
request of G. N. Miller, whose address
is Phoenix, Arizona.
F. J. X. MCBRIDE,
Secretary.
BY Gertrude Fogle.
The Coconino sun., 1923-10-12

ARTICLE VIII.
(al The officers Of this corpora
ton shall be president, vice-presi-
dent, secretary and treasurer, and
they shall be elected respectively by
the board of directors from among
the stockholders Immediately after
the annual meeting of the stockhold-
ers and such officers shall hold office
for one ~ year or until their success
sors respectively are elected and
qualified.
(b) Until the first annual meeting
of the board of directors, the directors
named herein shall elect the officers
Of this corporation.
+ (c) The offices of secretary and
treasurer Of this corporation may be
held by one and the same person, if
so ordered by the board of directors.
ARTICLE TX.
The highest amount Of Indebtedness
or liability, direct or contingent, to
which this corporation shall be sub
iect at any one time shall be One hum
dred sixty-six thousand six hundred
sixty-six and 67-100 (166,666.67) dol
lars.
ARTICLE x.
The names, residences and post Of
flee addresses Of the incorporators
are: .------
Evening star., 1923-05-13
CSC Bertha Collars
and Vestees, 47c

Thousands of pieces Of Dainty
Neckwear in just the styles wanted
to wear with the new summer
frocks. Included are stylish Bertha
Collars and Vestees of oriental and
Venice laces, also lot of Paisley
and metal effects in assorted color
combinations. All fresh, crisp and
new.
sI.S0 Gximtes. 89c-Net GEimbcs,
" ith and without sleeves: also carni
sole effects. of net, trimmed with
frills and val lace. Y
Lace Collars, SI.39 Tesice Lace
Panel Collars. of embroidered net
and venice lace; for blouses and
dresses.
Goldenbere' 's-First Floor.
Evening star., 1923-05-13

Otis UnderaVear, SIC
Genuine Otis Balbriggan I'm
derwear. short-sleeve shirts.
ankle-length drawers with full
reinforced seat; all regular
sizes.
Mems Hose. I2c-MacG
Cotton Hall Hose in black
and plain colors: reinforced at
wearing points: seconds OF 2oc
values.
IS Broad C 10th Shirts.
S3.85-Genuine Cocoon" Eng
lish Broadcloth Shirts, high,
lustrous finish; white, tan,
gray. hello and blue.
Goldenberg's-First Floor.
Evening star., 1923-05-13
81 e Sl.25 Silk
Cloves, 84c Pair

Two-cIasp Silk Gloves. good.
heavy quality. with embroidered or
Paris point Stitchings. Colors in
clude pongee. gray. mode. silver.
black and white. All sizes
Milanese Gloves, 5I.65-I6-baffoH-
length, heavy Mjlanese silk. with
Paris point stitching; mode. gray.
pongee. silver, black and white.
81 Gannflets, 79c - Suede. finish
Gauntlet Gloves, strap-wrist style.
with embroidered back gray, bea-
yer. coffee, mode and biscuit.
Goldenberg's-First Flco-.
Evening star., 1923-05-13
A
Boys So & $3.50 T,vo.Pants Suits
$500 "a

Remarkable Boys with the
needed looking well tailored OF durable
fabrics, Yoke
pants to II
81 to So SHis SI4Boys Wash Salts clever models in
Oliver Twist MILDLY and French plain ceors and
Also Khaki detachable Sizes 2a
SIS SIS Salts, SI2sS-Smsrt Set 7co-p Suits for
cheviots Sour
in
throughout. New Norfolk models.
SIPS $3.50 Pajamas, 95c-One. piece Paanas fine quality
regulation cloth blue pink
white pearl button silk trimmed Sizes to 10 years Fer
feet quality.
odsnbes' Flint Hss, ) B.
Evening star., 1923-05-13

SIC Lingerie Batiste. 39c-36-
inch Stripe Mercerized Lingerie
B.a t i c, white, light blue
honeydew. orchid and pink.
PC India LiSon, I9c-40-inch
White India Linon. sheer snow
white bleached quality.
7Sc Piisse Crepe, 55c-30.inch
i1k-and-Cotton Printed Plisse
Crepe, dainty lingerie shades
with neat floral designs.
Evening star., 1923-05-13

81 Ratime, S9c-36.inch I'm
ported White Ratine, an excep-
tionally fine grade for summer
suits and dresses.
sc White Vsiie, 22c-f0.isch
White Wolfe, sheer, two-ply
Quality, for waists and dresses.
81 Chiffon VoiIe, 65c-<O.jsck
Imported White Chiffon Wolfe,
an extra fine. sheer grade that
resembles georgette crepe.
Goldenberg' s--Tirst Fleor.
Evening star., 1923-05-13

SOC Check Toiles, 29c-36-inch
White Check Voiles. in. three
distinct size woven checks.
SOC Plisse Crepe, 3Sc-30.iNeh
Silk finish Crepe, fine yarn mer-
cerized quality, in white. pink,
orchid and honeydew.
soc Oreandy. 29c - N.inch
White Organdy. fine sheer
transparent quality; mill sec
onds.
Evening star., 1923-05-13

81 Susben nderS. 65c-
Genuine Guyot Suspenders,
French make; stripes, plain
white, plain colors and fig
ures: (: non elastic webbing; all
regular lengths.
81 Work Shirts. Csc
Clover Chambray Work Shirts.
double stitched throughout;
collar attached; one breast
pocket: perfect quality.
Half Hose, 35c-Thread
Silk and Fiber Silk Hose,
high spliccd heel, double re-
inforced sole and toe; black,
white and plain colors; Sec
onds Of Csc and 75c values.
Evening star., 1923-05-13
81 Imported White Organdy
;:; s;;:; :.;:: !,;:::; s 9c

The original Organdy
washing and laundry will not harm the fresh
and beauty
tail % sas h Sale @ ] n width fss % Imported to re-
Evening star., 1923-05-13

Mems Underyear. 39c-Bal-
briegan Underwear, ecru color; short
sleeve shirts. full-eneth drawers with
double reinforced seat; all regular
sizes; seconds OF soc values.
Evening star., 1923-05-13
$3.50 and $500 "VINDEX" Shirts

"Nindex Neglige Shirts Of corded and
duccetine oxford nc
cuffs shrunk neckbands five pearl .Vo
button Perfect quality. Striped checks and l.
plain colors: Ia TO H. Regular sleeve lengths
Evening star., 1923-05-13
Riddles Ron,pers
and Creepers, 64c

Mothers will appreciate the saw
ings offered tomorrow and lay in
supply for the coming season. These
Rompers and Creepers are made of
good-quality materials. in peg-top
models. with white tops and colored
boomers. Trimmed with embroid
cred designs and lace buttons; sizes
l to 4 years.
GOIde nberg' s-Third Floor.
Evening star., 1923-05-13

SOC Ratine, $3.50 inches ride. stylish pebble
homespun weave; all wanted plain colors
81 Dress Linen, 65c-36.ineh Imported Dress
Linen, pure linen quality, white and large
range of wanted shades
Csc Linese, Hc- 3f.ixch Lineme, a Hssx. finish
quality. in all wanted colors.
6Oc Ponsee 49c-36.inch Mercensed Shaninns
Pongee rich lustrous cotton fabric. in all wanted
shades
SOC Roiine, Hc-36.ineh Cheek Rafine. for suits
and skirts: large variety or styles and colorings
Evening star., 1923-05-13

SOC Undershirts. 35c-
Corwith Ribbed Athletic Pulls
over Undershirts, white onlys
low neck and sleeveless; all
regular sizes; perfect quality
81 Jean DralcerS. Vc-
Elastic Seam Lonsdale Jean
Drawers. regular waist sizes;
mostly all sizes.
Union Salts, 9Sc-Rib-
bed Balbriggan and White
Cotton Union Suits. short
sleeves. full-length legs; n3ade'
on Coopers spring needle ma
chine; closed crotch; seconds
of s. values.
Evening star., 1923-05-13
39c Wide Ribbons

Good quality Ribbons, for
hair bows and sashes, in plain
nofre, checks. plaids, light and
dark Dresdens, etc.
Evening star., 1923-05-13
TW"
EWITm F?

EVERY item in th, column of Challenge Sale
bargains an extraordinary valuc-don't miss shar.
ing the savings! No mail. phone c. o. ID.
orders accepted.
Evening star., 1923-05-13

"Brighton" or "Paris" make
Pad Carriers, fine iisle webbing,
molre pad. Black, white and
plain coiors.
Evening star., 1923-05-13

$3.50 Canton CREPE, S1.89
40-inch Canton Crepe. beautiful soft
clinging quality. in black. navy, brown,
bobolink. henna tan. 4ailow. fawn. ma
donna. gray, white, zinc and sandalwood.
81 Satin DucheSSe, S1.N
i5-inch Black Satin Duchesse, all pure
silk quality; ideal for street or evening
costumes.
Evening star., 1923-05-13
75c Satin Striped
Voiles, 40c

A wonderful assortment of beautiful styles
to select from. in such desirable colors for
summer navy. brown copen. old rose.
orchid. corn husk. blue bell coral etc. Fine
combed yarn with silk self color satin stripes
perfect quality. Sc inches wide.
Evening star., 1923-05-13

Ready-made Waist Innings,
of good quality white lawn.
trimmed edges and armhoies;
all sizes.
(Notion Oept.)
Evening star., 1923-05-13

Fine ribbed cotton Stockings,
In black and cordovan; slight
-seconds Of 15c and 1sc grades.
Good wearing qualities.
Evening star., 1923-05-13

5o-yard spools of Sewing Silk,
good quality, in black and COL
ors. One day at THREE
Evening star., 1923-05-13
81 Drabe VeHs

obIong Wells, assorted plain
and fancy meshes. with chenille
and scroll borders. Combina-
ton colors. also plain black,
navy, taupe and brown
(First Floor-Veiiing Dept.)
Evening star., 1923-05-13

SOC Coiored Toiles. Csc 40.inch five. fwo-piy
quality plain colored voles in street and evening
shades, also black mill seconds.
SIC Cssfos Crepe, 5Sc-36.inch Cotton Canton
Crepe. in a good range of wanted colors.
29c Printed ToiIes. pc-jS-inch Printed Voiles.
light and dark grounds in assortment Of new
styles and patterns: mill seconds
7Sc Pessee Silks. 59e-35 inches ,cide. silk and
cotton quality. in and all wanted street and
evening shades, also black
Goldsnberg s-First Floor.
Evening star., 1923-02-08
LOVE TELEGRAMS READ
IN MOVIE STARS SUIT
Pauline Frederick Answers Law.
yer's $36, 900 Action With
Counter Claim.
BY the Associated Press.

By the Associated Press.
LOS ANGELES, February s-A
number of kilograms signed Always
George" were on file In the superior
court here today as evidence In the
suit OF George Edwin Joseph. New
York attorney. against Pauline Fred
erick. actress. for $4,000 for legal
services and her counter suit for $46.-
SAT. which she charges is due from
him on several counts.
Miss Frederick's attorney, crossex-
amining Joseph. brought from the
plaintiff a declaration that he was
not jealous Of Willard Mack. Miss
Fredericl,s former actor-husband. and
that kilograms he sent her during the
divorce proceedings were designed to
inspire her with confidence" Some
Of these kilograms introduced by the
defense to support its contention that
was more personal than profession
al" dating back into 1919 and sen,
from Winslow, Ariz.. and New York,
read:
Pauline, loved and lovely queen OF
all the land of might have been. thy
gracious, radiant smile, illumines
every weary mile. George"
so disappointed at not being able
to hear some ones wonderful voice
George"
New York is empty now"
Are you very, very busy? George
Dear Polly: Am overwhelmed with
| magnificent holder. Love to you
George"
| Miss Frederick is said to have
termed Joseph, MY great big friend
Evening star., 1923-02-08
CLEVELAND TO MARRY
DAUGHTER OF eIsHoP
Sen Of Former President to Take
Miss Ellen Douglas 0ailor
AZ Bride.

By the Associated Pres.
NEW YORK. February S.--rhe
engagement Of Miss Ellen Douglas
Gailor. daughter OF Bishop Thomas
F. Gailor, presiding Bishop Of the
Episcopal Church In America, to
Richard Folsom CLEVELAND. son Of
Grover Cleveland, twice President of
the United States, became known
today In advance formal announce
ment.
Bishop Gaiior: after ars. express
Keep those things secret" No date
for the wedding has been set. The
romance began while the young
couple were abroad about two years
ago. the bishop said.
Miss Gailor 10 an honor graduate
Of Vassar College in the class OF 1919.
She later studied at Columbia, obtain
She taught In English in a girls
school at Garden City. Long Island
last year. and at present is devoting g
three hours q day to instruction In
tho school attached to st. Mary's
Church, Memphis, Tenn. She also
her fathers diocese In Tennessee.
Cleveland is a graduate Of Phillips
Exeter Academy and Princeton. He
made records In scholarship and
athletics at both institutions. While
at Princeton he led q succe esefu
campaign to eradicate what was
| considered ultra exclusiveness in the
voted the most respected member OF
his class. He enlisted in the Marine
Corps as a private during the wal
| and served in France.
Evening star., 1923-02-08
SOUTHERN PINE EARNING.
las HIGH AS s. PER CENT.

Profits reported by 143 representa-
tive companies in the southern pine
lumber industry averaged 8 per cent
on investment in 1917 and s.5 per
cent in 1918, It was shown in a re-
port submitted to Congress today by
the Federal Trade Commission. The
report was based on Information
which the commission was directed
by the President to secure for use of
the War Industries Board in its reg
ulation Of lumber prices during those
years.
Revision OF the returns made by
the companies, however, by elimina-
nation of stumpage appreciation from
investments and costs, which the
commission held should not have
been included, increased the average
earnings to IL per cent in 1917 and
IL per cent in 1918. The commission
stated that even after this revision
the production costs were inflated in
Evening star., 1923-02-08

Coconut like the fresh-grated! Now
you can get it anywhere.
A new process has been discovered
for putting it up moist-but without
the milk-in its own juices in air
tight tins like fine fruits.
Ever since coconuts were first
brought to America from the West
Indies, the taste for coconut has been
growing. In the Southern cities where
it can be got in its fresh state, per-
haps sixty per cent of the dessert re-
cipes Of every housewife are coconut
dishes. And all over the country,
where it is generally known only in
its dried form, it is increasing in pop
ularity.
To meet the demand for this deli
cacy in its most delicious form, the
largest coconut manufacturer in the
world has for years been working to
perfect q way of packing ooconut that
would give it to you fresh.
Evening star., 1923-02-08

in 1870. the collection and dissemina-
tfon OF information on costs and
profits, all of this work was being
Evening star., 1923-02-08
RADIO NEWS

The Brightwood Park School or
chestra, under the direction Of How
ard Baxter will give the weekly con-
cert program tonight of Station
WMU OF the Doubleday Hill Electric
Company. Members OF the orchestra
range between the ages of twelve
and sixteen.
WEAS of the Hecht Company Mu-
sic Store will broadcast at 8 o'clock
tonight concert by the famous
Myer Davis LIE Paradis orchsstra.
Selections to be played have been
requested by this stations Iisteners
Rodolph Valentino will speak over
the radiophone Of Station WwJ ~
the Detroit News tomorrow night be-
tween and $3.50 pm. His subject vii,
be WHATS Wrong With the Movies ?''
Evening star., 1923-02-08

WEAS-Tke Hecht Company Music
Store (36O Meters).
3 to 4 pm-Selections on the vic-
trola and reproducing piano.
p.m.-Concert by Myer Davis lie
Paradis Orchestra.
Evening star., 1923-02-08

To know why your cake
grows stale overnight when
made with ordinary dry
shredded coconut-make this
simple test:
Balance any dry shredded coconut
with an equal quantity of Bakers
Coconut, Southern Style, On small
hand scales. Place dish Of water
under the two scale pans. The pan
containing the dry coconut will
gradually sink lower and lower as It
absorbs moisture. It win rob your
cake Of moisture in the same way.
Bakers Coconut, packed moist In
its own juices, never steals moisture
from your cake.
Evening star., 1923-02-08
SLAIN RECTOR'S WIDOW
EMBARKS FOR EUROPE
Mrs. Frances Hall Successfully
Eludes Army Of Reporters
at New York.

By the Assoc ated Press.
NEW YORK. February S.-While
scores OF reporters sought her on an
other liner, Mrs. Frances Noel Stevens
Hall, widow of Rev. Edward Wheeler
Hall Of New Brunswick. N. j., who
was murdered last September with
Mrs. Eleanor r. Mills, q choir singer,
sailed for Italy yesterday on the
steamship Amerca.
Mrs. Hall was accompanied by Miss
Sally Peters. who acted as her conf
dante and adviser during the long and
fruitless investi CATION Of the double
Staying.
Evening star., 1923-02-08

WlAY-Woodward 4 LothFoD (3e0
MeteYs).
2 to 3 p.m.-Selections on the Vic.
trola and reproducing piano.
Evening star., 1923-02-08

Bakers Coconut, Southern Style;
is the result. It is called Southern
Style because it brings to everybody
everywhere coconut as fresh and de-
icious as once only the South could
have it.
Cakes baked with coconut packed
in this new way stay moist and fresh
for days. To know why, read the ex-
PLANTATION under the picture Of the
scales.
Try it in your pies, puddings,
your popular jello dishes and see
how much better they are. Canned
or sliced or stewed dried fruits served
with Bakers Coconut, Southern
Style, seem like rich, expensive des-
serts.
Ask your grocer today for q can of
Bakers Coconut, Southern Style, and
surprise your family with the new
deliciousness of one of their favorite
treats.
Evening star., 1923-02-08
BY RADIO TODAY
Schedule of Local Wireless
Entertainment.

NAA-Naval Radio station, Radio. Va.
3:4s to I p.m.-Closing live stock
| markets.
to AS p.m.-Hay and feed mar.
| kets.
| p.m.-Weather report
$3.50 to p.m.-Daily marketgram.
s:4S pm.-Weather forecast
10 p.m.-Time signals; weather re.
| port; ship orders (2.S50 metersl.
1880 p.m.-Naval press news (2.ssS
meters)
II p.m.-weather forecast
$3.50 meters0
By Radlophone ON 10 Meters.
7:O5 to 1870 p.m.-Talk for the
housewife by the Department Of Agri..
culture on 1.-THE Selection Of Meats"
1:25 to 7:4o p.m.-Lecture on
Heath WI a, and !, Hygiene for Women aha at
7:45 to p.m.-Survey Of business
and industrial conditions In the
United States and foreign countries
by the Department of Commerce.
sos to 500 p.m.-Internal revenue
1922 Income Tax Return"
S:25 to $40 p.m.-United States
coast guard broadcast No. 10. on "A
Story of the Rescue by the Coast
Guard Of the Shipwreck."
wwx-Post ONCE Department <l.1ss
Meters).
$3.50 p.m.-Report on fruits and veg.
etables
S pm.-Report on dairy products
and grain.
1880 p.m.-Live stock and grain re-
ports.
p.m.-Report on fruits and veEs-
tables
s:45 p.m-weather forecast
WIL-Contfnental Electric Conpany
(38O MeteFs).
SEQ to Z p!m.-Phonograph seiec.
tions
WJH-whte q Boyer Company taeO
Meters).
to , p.m.-Music and features.
WlAY-woodwara Il Lothrop (3so
MeteYs).
2 to 3 p.m.-Selections on the VIC
trola and reproducing piano.
WEAs-Tke Hecht Company Music
Store (360 Meters).
3 to 4 p.m.-Selections on the vic-
trola and reproducing piano.
p.m-Concert by Myer Davis lie
Paradis Orchestra.
WNU-DOubleday-H Electric Com.
pany t3eO MeterD.
4:30 to $3.50 p.m.-Program Of music.
s to 8 p.m.-Concert by the Bright
wood Park School Orchestra
The program follows: washington
March" (Pierson), orchestral; Mighty
LAX q Rose" (Nevin), violin solo. ac-
companied by piano. Josephine Bur-
geson; Three O'Clock in the Morn
ing" (Robledo), orchestra; Spanish
Hymn" cornet duet. accompanied by
piano, by Howard Baxter and Robert
Stull; your Eyes Have Told Me So'
(Blaufuss). orchestra: "They Need q
Song Bird in Heaven" (stanley).
Eric Haley: Down Old vir-
ginia Way" (Gillette and Olman. or
chestra; why Should Cry Over
You" tMiller and cohenl. corn.t solo,
accompanied by piano. Howard Bax-
ter; plantation songs. (a) Hard
Times Come No More" (b) my Old
Kentucky Home" (c) Maryland, My
Maryland" td) Way Down Upon the
Swanee River" (e) "Old Black Joe."
90 Dixie" (Mackee and Meyer);
Perfect Day." violin duet. accom-.
panied by piano. Josephine Burge-
son and Err; Haley: "star spansied
Banner (Key). orchestra.
Evening star., 1923-02-08

Doesn't hurt a bit, Drop a little
-Freezone" on an aching corn, in
stantly that corn stops hurting, then
shortly you lift 1t right off with
fingers Truly,
Your druggist sells a tiny bottle of
"Freezone" for q few cents, sufficient
to remove every hard corn, soft corn,
or corn between the toes, and the
calluses, without soreness or irri-
tation
Evening star., 1923-02-08

Although the lumber industry was
for which the commission undertook,
Evening star., 1923-02-08

many instances by including the ex-
penses OF turpentine and box pro-
duction and other enterprises which
should have been omitted.
A wide range in the earning rates
Ing from q loss of per cent to a
pront Of So per cent in 1917, and
from loss Of 10 per cent to q profit
of So per cent in 1918. The returns
were said to show that generally the
higher profits were made by compa-
nies owning smaller supply of stand
ing timber, owing to the SMALLER in
vestment.
Based on returns from 205 COM
panies. producing about 55 per cent
OF the total output of southern pine,
the report showed an average sales
cost" of $16.73 per 1000 feet in 1917
and $22.44 in 1913, against an average
sales realization Of SCOTT in 1917 and
$26.65 in 1913. There was also q
wide range Of variation in these fig-
ures for the Individual companies.
Pine Prices Soar.
With the termination of govern
ment control Of prices in the industry
at the end OF 1918, the report stated,
the prices of southern pine lumber
advanced rapidly to unprecedented
levels during the latter part of 1919
and early 1920" The subsequent
buyers strike" II was pointed out
brought a rapid decline. with the
prices of many grades reaching the
1917 level by the middle of 1921.