davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-12-09
Produce Markets

Eggs County R Fsn off [. dsIive rec
Poultry buying Prices)-Hens Weighing
4la lbs. or over. csc; under .4!a lbs, zoe;
Leghorn hens, T.: springers. lbs. or over
49, &c. s sass 5c os COCKS. 1s8g hnGn t9 aPPs
old hens, fat, l6c; old toms fat. 15c;
full feathered, fat, 12c. These price, are
for No. ! top aualitp' poultry quoted by
- 42G4Sc. Butterfat--4oc.
Cheese wholesale selling rice per poundl
w ~! leaf 5Sc; pimssnto i99at: &c;
York limberger. soc.
BIZ United Press
CHICAGO, Dec ;o7 s sm Eggs,-MqaT lsft
sec: seconds 2sas5c. Butter-Market
steady receipts; s;So2 tubs; eStFas, 42c:
second. s4Gs4lac; Standards. 42c. Poul-
try-Market, easy; receipts, car; fowls,
22c: springerss zoe; Leghornssss tic; ducks
nc. Cheese-Twins, 2l1s@22c; Young
Americas. 24e potatoes.on aot track, 2s9'
s2.2Od 40; Minnesota and North Dakota
sacked Round, Whites, s2q2:25; Mime
| as.
BIZ United Press
NEW YORK. Dec. s-Flour-steady and
quiet: spring patents s66067Io. Pork
| Dull; mess. $3.50. Lard-Firm. Tallow-
Dull: special TO extra, rs arse. Potatoes
Dull and easy: Long Island, 81. so 6.25;
Maine, SS.75d4.s0; Bermuda, s5@12.50
| Sweet potatoes-Quiet; southern. baskets
6oc q 81 so: southern, barrel. ,s2.5o; Jer-
| sey. GOO q So basket. Dressed poultry
| Quiet; turkeys. 20639c: chickens, 2oQ
| SEC: capons, 27G46c; fowls, 90 q SIC: ducks
| i6Q27c; ducks, Long Island. 2oq Csc. Live
| pouitry-Quiet; geese, 14Q2ic; ducks. Is
| a 28c: fowls, 25gs3c; turkeys. 2sGs7c;
ROSTERS. 1870 1sc; chickens, ESQ SIC; bToil-
| ers. 25G SAC. Cheese-Quiet: state whole
milk. fancy to special 26G261zc; yopns
Americas 22i2 q Csc.
BIZ United Press
CLEVELAND Dec. -Butter-Extras
IS q q 46c; extra frsts, 44I 45c; seconds,
S4tsa35c Eggs-Extras. sec: frsts, 47c.
Poultry-Heavv fowls 27c: medium. 24c;
Leghorn 1926: springers; 24e; Leghorn
springers, 1s@20c:. ducks. 20923c. Pota-
| toes-Ohio, $5.9064 per l50-lb. sack: Maine
Green Mt. s4.so6s. SO per l50-lb. sack;
Idaho Russet$. S4q4.25 per l0o-lb. sack;
home grown, h.so0l.6s per bushei sack
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-12-09

and IA for their national conven-
ton.
of contracts let for heavy construction
and engineering work throughout the
country in the first eleven months Of
the current year, reaching total OF
So. 789, lO7, OC0 showed a Is per cent in
crease over the same period last year.
November awards based on weekly Idy
from November, 1928. Engineering News
Record reports. Contract Lettings IN
TRch Ssls with ss29 s 900 in
Der and $3O6,O29,ooo in November OF last
year.
Kroger Grocery and Baking. Sales
for five weeks ending Nov. 2 amounted
to S27,9S9,S4S, an increase of 23.O6 per
cent over the S22, 744.281 for the same
period a year ago. In the first forty
four weeks of the year, sales totaled
1929, 1922. a gain of 41.78 per cent
over the $685. ,737 reported for the
same period of 1928.
Operating profit of the National Stand
the fiscal year just closed. Net income
after depreciation, taxes and other
charges, AMOUNTED d to TO- $776o2S or $5;l7
q
stock in the year ended Sept: 80, 1929,
compared with $600942 or 81 a share
in the preceding fiscal year.
Southern California Edison. october
gross totaled S3,626.474 against S3,099, 452
last year Surplus after taxes and fixed
charges, but before depreciation, amount
ed to 81. 1866, 657. compared with $l,554, o22
in october. 1928: For the f.. first too ten ten
and surplus after charges, but before
depreciation. $17,1196 $40. compared with a
gross of 500 1863, 307 and net OF $l5.-
0ol.13l for the same period year ago.
Gross sales of twenty-three leading
chain store systems which have thus
far reported sales for the eleven months
of 1929. aggregate S1,394,246,096, a new
high record for all time, and an in
crease of $3.50, 013,5O1 or 1916 per cent
compared with the same period last
year, according to figures compiled by
George II. Burr g. Co., specialists in
chain store securities, From the stand
point of dollar gains, Sears ROebuck e.
Co. leads the group whereas percentage
gains of so per cent more are re-
ported by NJ. II. Fishman g. Co., Lerner
Stores and Neisner Brothers, Inc.
Texas Corporation. For eight months
ending Aug. 81. net income of $38,954597
was reported, equivalent to $418 per share
on the average amount OF stock outStand-
ing at the end of the period. Current
assets totaled $l97; 055; 600 against current
liabilities of s39.203 900. Net working CAPT
tai amounted tn S167 G52 000 against $780,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-12-09
DEC. 9, 1929-(
HEAVY DEMAND
FORCES MOTOR
SBtadES HIGHER
Auburn Auto Stock Gains 5
Points in Early
Session.
Average Stock Prices

Average Of twenty industrials for Sat
urday was 1853 40. up 1874. Average Of
twenty rails was 15ls4 up 36. Average
OF forty bonds vas 94.57, of oil.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-12-09

ending Aug 81, net income Of $38,954 ,597
was reported, equivalent to s4.18 per share
on the average amount of stock outstand-
Ing at tt the ENG sa 5s hs Goo p ags5
liabilities of sac, 203 900. Net working capt.
tai amounted to $157 1852 900 against $780,
$4,000 at the end of last year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-12-09

Receipts. 7OO: market. steady.
Receipts. 300; market. lower
Receints. 200. market. steady.

IVUUVIgCa' oVV5 TIIUI NV EU"5T.
Medium and choice .......... S13.00G16.00
Gull and common ........... 7OO1lS.o0
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-16

Top diagram shOtCs cross-Section Of
the Great Pyramid, indicating location
of variOus chambers, pGssagetOays and
original height OF the structure. The
diagram just above shows hOtU Moses
B. COtSt0orth, director of the Inter-
national Fixed Calendar Year League,
believes the Egyptians used his pyramid
as great sundiaI, by Which they Gc-
curateLy determined the seasons.
that we have different poar star every few
thousand years.
1--WE assume that the Egyptian priests who
were the architects of this monument had none
CT the precise instruments in today, but
how astonshed the as. rononers were some years
ago when they found out that the Great
Pyramid was oriented perfectly, except for
trlfling error of 4 35"
perhaps this was a coincidence also, for If
the priests really had means for determining
north and SOUTH it was aftarward lost, for
later pyramids are badly ort-nted, and even
the ancient Greeks never discovered it"
Able Moreux declares that up to this point
of his argument the knowledge indicated in
the pyramids construction could have been
blamed right on the spot but this is not true
of many other curious revelations.
He then explains how the scientists OF the
whole world sought the most practical meridian
for many years and finally chose that OF Green
wich, whereas the ideal one is that of the
Great Pyramid. Is it not strange? The reason
why the latter Is the best is that 1t Is the line
that traverses the most continents and the
least seas, and, stranger still, 1t divides into
two equal parts the habitable LANDS OF the
earth
Another curious fact is that the thirteth
degree of north latitude traverses more land
than that of any other parallel, and the Great
Pyramid is situated almost exactly on this
parallel.
DASSING to the strange facts revealed By
the measurements of the Great Pyramid,
Able Moreux tells how all the mathematicianS
of antiquity, and even up to modern tines,
passionately sought "pi" or the formula of the
relationship between the diameter and circum-
ference of a circle, which is, roughly STAG.
But this formula is to be found imperishably
preserved in the Great Pyramid. One has only
to divide the perimeter, or the length of the
four bases. by double the height 1t works out
exactly 3.1416.
so this monument Is the material consecra-
ton of an important formula for which hui
mainly has devoted unimaginable efforts" Able
Moreux sums up. "Hcw did the Egyptian priests
discover it? Mystery.
Furthermore we know that this number
plays a remarkable role In other ways. For
example. the area OF a cross-section of the
pyramid is to the area Of its base as l Is to
3I416"
Taking up the study OF the Great Pyramid
from the point of view of geodesy, Able Malreux
relates the efforts of the human race to ind q
unit of measurement based en- some unchal ging
dimension of the earth IT.: leaders OF the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-16
BY r. S. FENDRICK.

PARIS.
e S s;;ss s': a: ' Ct Ss' ''s
~ Or did the Egyptian priests of
$500 Be- who formed a sacred
caste of scientists, construct this gigantic mass
of stone in order to preserve permanently but
secretly the mathematical and astronomical
formulas they had discovercd-a sort OF sun
dial, calendar and bureau of national weights
and measures?
And then, in a spirit of irony, did they build
the Sphinx in front CT it as a sardonic SEN
tinel hooking and defying the future ages to
discover these secrets?
A great French savant, the Able Theophlle
Moreux director OF BourgeS Observatory, author
of several score of famous scientific works and
the most distinguished astronomer and mathe-
matician in the Roman Catholic Church IN
France, has been carrying on and checking up
the investigation into the mysteries OF the great
Cheops Pyramid that was started many years
ago by PiazN Smyth, the English scientist, and
he has reached the conclusion that the Sec
ond theory-that of the repository of scientific
knowledge-is correct.
He has just published a fascinating account
OF his discoveries in book called The Mys-
terious Science Of the Pharaohs," which has
caused tremendous interest in Europe.
Have the pyramids of Egypt been con-
structed simply to serve as royal tombS?" Able
Moreux asks specifically in his preface. eff
commit more glazing error than the scientists
of the year 5000 or 10000 AID, who, in I'M
earthing the ruins and the crypts of our ca
thedrals, discover the to:nbs of our kings and
our bishops and conclude from this evidence
that cur marvellous monuments were erected TO
honor their remains
GIT is true thai many of the pyramids did
serve e3 s2pulchars, but 1 am certain that
this was not the principal reason why they
were built. The greatest of them, that Of
Cheops, built under the fourth dynasty, or
about $500 years before the Christian era, dis
proves the sepulcher theory The Stonework of
this monument Is extremely fine-so fine that
it is almost impossible to put a knife blade
between two OF the gigantic stones-but there
Is hardly the slightest trace of the usual funeral
inscriptions. It contains three chambers, fan
tastically called the chamber Of the King, the
chamber Of the Queen and the subterranean
one, but there are no decorations or inscrtp-
lions In these rooms, as there would be If in
tended for tombs In place of a sarcophagus,
in the chamber of the King, there is a sort OF
trough In stone that is marvelously cut,
1.-THE Great Pyramid was therefore not a
tomb. But what was the purpose of its con-
struction? Mystery!
Did the Egyptian priests, these wonderful
irnperishable monument the astronomical dis
coverics they had made and the scientific no.
lions Of their time? Why not?
IT have been laughed at and told that my
Imagination had unbalanced me, that the ar
chitects of the Great Pyramid were surely sim
pie masons without education and that my
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-20

Pretty soft woods and
rayons, in striped and fig
ured designs-hand paint
ed and modernistic, in
wanted colors. The popu-
lar ~" crew and student
necklines.
Kann'S-Second Floor.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-20

a collapsible steel frame, a well filled, tufted
mattress and galvanized chain supports on the
side Some with fringed, others plain side
covers
Kanns-Third Floor.
The Washington times., 1929-08-28
BALTIMORE LIVE STOCK

UNION STOCKYARDS, Baltimore,
Aug. 28.-Cattle Receipts, Is head.
Market steady, steers choice, $12.7S
@13.75; good, $11.75012.50; medium,
$10.75@11.50; common, $s.75110.50;
heifers choice, $10.75@11.S0; good,
$10010.75: medium, $S.50@9.75; com.
mon, $6.50@s.25. Bulls-Good to
choice. $9@9.75; fair to good, $7.750
SIS; common to medium, $6.75 0750;
cows, good to choice, $500; fair to
good. $7@S: common to medium,
$4@6.75; Pennsylvania and Delaware
lower than above quotations.
Sheep and lambs-Recepits, 800
head, supply market steady. sheep,
$296.25; lambs. $T013.50.
Hogs Receipts. 800 head. Supply
market lower, lights, 1920; heavies,
$11@11.65; medium, $12.SO; roughs,
$7.75@10; lights pigs, $1011O.5O:
pigs, $11.40; Ohio and Western hogs,
10000 higher than quotations.
Trucked hogs, 15030c: lower than
above quotations.
Calves ESQ head. Supply market
steady. Calves, SCOTT.
The Washington times., 1929-08-28
NEW YORK COTToN

NEW YORK, Aug. 2S Q.N.S)-
In quiet trading cotton moved ir-
regularly around the previous finals,
showing toward midday 4 decline of
3 points for July to an advance of
/ point for January. The noon
hour quotation for December was
1880; January, 1896: March,
19.16c: May. 1890, and July, 1920.
A. tendency to hold off from the
market was noted during early trad
ing. Traders awaited publication Of
the official weather forecast and the
weekly Government weather sum-
mary. The latter report said, in
part, that weather conditions last
week were unfavorable for cotton
over large parts Of the belt, espe-
cially in the West.
Today a prominent cotton firm
estimated the condition of the crop
as of August 23 at 5S.5 per cent of
normal, with an indicated yield Of
15, ,150, 900 bales, excluding inters.
This compares with the Government
forecast as of August for produc-
ton of 15.543,000 bales on a con-
dition of 69.6 per cent.
The Washington times., 1929-08-28
Local Produce

Cantaloupes - Supplies moderate.
demand light, market steady. Cali
fornia, Imperial Valley, jumbos, ass
and 45c: Salmon Tints, $3.2503.5O;
Colorado, jumbo flats 12s and l5s;
Salmon Tints, S1.1501.25; standard
flats 12s and 15s mostly. $l.O0.
Miscellaneous melons: Arrivals later.
Lettuce-Supplies Of Western
stock moderate. Demand moderate,
market steady. California, crates
Iceberg type As dozen fair quality
and condition, $4.0O04.5O. Colorado,
crates Iceberg type, As dozen, fair
to ordinary quality and condition,
$3.0O@3.50. Eastern stock: Supplies
loderate. Demand moderate, market
weak. New York, 2-dozen crates
Big Boston type, 5Oc@65c.
onlons-Supplies moderate. De-
mand light. market steady. New
York and Massachusetts, 10O.lb.
sacks, yellows, u s. No. /. medium
to large size. $2.5092.75.
Peaches-Supplies liberal. Demand
light. market steady. Maryland, Vir.
g1nia and Pennsylvania bushel. has.
kets. Elbertas. u. S. No. /, medium
to large size. $1.2511.6o, few best
high as 81; small size, $1O1.25, bu.
baskets stumps, medium size. $50.
Pears-Supplies moderate. De-
mand light. market firm. Califor.
MIA, boxes Bartletts, No. /, $3.7S
o..
Potatoes-Supplies moderate, De.
mand light, market slightly weaker.
New Jersey, 150-lb. sacks Cobblers
U. 8. No. / S5Mk1K
sweet potatoes-Supplies light:
demand light; market steady. North
Carolina, cloth-top barrels, Yellows.
$3.50.
Watermelons-Supplies moderate:
demand light; market steady. West
shore Virginia, various varieties, sc.
lects. 4OQ6Oc; primes, 20@35c each.
Lima beans--Supplies liberal; de.
mand light; market steady. East
Snore Maryland, busheI hampers.
mostly $3.50.
String beans-Supplies liberal: de.
mand light; market slightly weaker.
virginia Norfolk Section and East
Shore Maryland. bushel hampers.
green, $1.50@I.75. Virginia Norfolk
Section, 5-peck hampers. green, $40
PeaS-Surplies moderate; demand
light; market slightly weaker. Colo.
rado, 45-lb. crates, some fair condi.
ton, $2@2.5O. poorer low as $3.50.
Apples-Supplies liberal: demand
light; market dull. Maryland and
Virginia, bushel baskets, Grimes, u.
s. No. l, 215 inches up, $1.75; few
higher: U. 8. No. /, ~ inches up,
Grimes, $2@2.25; bushel baskets,
various varieties, u. S. No. /, 2h
inches up. $1.5O@1.75.
Eggs-Current receipts. 35c: white
hennery. 3S@40c.
Poultry-Turkeys, 25032c; broil.
ers, Plymouth Rocks, . pounds and
over. 33Q35c: Rhode Island Reds,
2h pounds and over, 3203Sc; small
mixed colors, S0@32c: hens. large,
27c; Leghorn hens. 22c; roosters,
| 1Sc. Turkeys. dressed. 35040c;
chickens, 32035c: large fowls. 500
SEC; large Leghorn fowls, 25@27c;
keats, zoe.
The Washington times., 1929-08-28
CHICAGO LIVE STOCK

CHICAGO, Aug. % 0.N.S).-
Hogs Receipts. $4,000; market
steady to 10c higher. Top, $1150;
bulk, $9.06@11.40: heavy weight,
$9.5o@10.75; medium weight, s1O.25@
11.S0; light weight, $10.75@i1.50;
light lights, $1O.2501L35: packing
sows, $8.25@9.30; pigs, $9.50@11 90;
holdovers. 1000.
e-Receipts, $4,000; market
steady. 25c lower. Calves, receipts,
1900; market steady. Beef steers,
good and choice, $15.00@17.O0; com.
mon and medium. $10.00014.5O;
yeariings, $9.50015.75. Butcher
cattle: Heifers, $9.00@15.00; cows.
$7.25@11.50 bulls. $10.50911 SO;
calves, $14.5O@17.50: feeder steers,
$10.50Q13.00; stocker steers, $4,000
1850: stocker cows and heifers,
$10.5O@11.50. Western range cattle:
Beef steers. s9.O0@1S.5O; cows and
heifers, $6.00@11.5O.
Sheep-Receipts 1900: market
strong. Medium and choice lambs,
$13.00@14.00: culls and common,
$9.00@11.50. yearlings, $9.00011. 90;
common and choice ewes, $4,000
$50: feeder lambs. $t2 .50013.75s
The Washington times., 1929-08-28
H D N { BREWER
FINED 500

ALEXANDRIA, Va, Aug. 2S,--
q. +. Dobson, who was arrested
last week when raid on his home
at 302 Duke st. netted 81 bottles
of beer, was fined $50 and costs
by Justice Snow in police court
this morning. The case had at
tracted considerable attention be-
cause of the selling of malt by
local merchants.
Judge Snow reiterated that it
has not been the policy of the po.
lice to prosecute persons who made
small quantities of beer for their
own use, but that he considered 81
bottles too large an amount to come
in that ruling. Dobson noted an
appeal and furnished $500 bond for
his appearance before the corpora
tion court.
Five men from North Carolina
who have been held here for nearly
a week were releasd this morning
after an investigation of the title
to a tagless car which they were
driving was made by Deputy Motor
Vehicle Commissioner E. J. Nc
Dermott.
AACOAl ~aA4 WHO WAS
am auto crash on the Franconia
Road Sunday afternoon. died at the
Alexandria Hospital last night from
his injuries. Marshall Frinks and
Kenneth Poole. whose cars collided,
resulting in the injuries to Cornell,
are being held by Fairfax County
police.
The bridge over the Potomac rail.
road yards was reopened last night
after being closed for two weeks
while being resurfaced. Steel tracks
were laid to carry the heavy traffic.
Al free clinic will be held at the
!, City Health office this afternoon
for chest and lung cases. A similar
clinic for colored patients will be
held tomorrow.
x C. T. Harris OF Staunton the last
surviving member of Ashby Regi-
ment insthe Civil, War was a visi.
tor hers yesterday. He is "a years
old and in good health. He said
that he participated in 1S battles
during the war.
The police department yesterday
summoned so auto owners to ap-
pear and pay their city tags.
The Washington times., 1929-08-28

BALTIMORE, Aug. 2S.--On the
Baltimore Butter and Eggs Elk.
change. nearby fresh gathered first
offered 39c, bid, S7c; nearby cur
rent receipts, offered 3Se, bid, sec;
street sales, market dull; small lots,
nearby current receipts. candled. 81
@3Sc; few higher.
Receipts-Butter, 41s tubs; eggs,
232 cases. :.
Live Poultry: Chickens-Young,
colored as to size, 26@S2c; leghorns,
as to size, 24026c; chickens, old,
heavy. S0@31c; medium size, 250
27c; leghorns, and other light stock,
20@23c; roosters, 10000. Ducks
White pekings, young, pounds,
and over. 2O@22c1s puddle. young.
pounds and over 20@22c; all
kinds, small and thin, 1S@2Oc.
Guineas--Young, IN pounds and
oyer, Csc; smaller, soc.
Butter-Creamery. fancy per
pound, 44h945c; do. choice, 43@
44c; do. good. 41@42c: do. ladies SS
QS5c; Maryland and Pennsylvania
rolls, 31@32c; store packed, s00
30hc; process butter, 40041c.
The Washington times., 1929-08-28
RAILS LEAD NEW
UPSURGE IN
MARKET
BIZ w. 8. COUSINS

NEW YORK, Aug. 2s u.N.s).---
Under the stimulus Of a broad buy.
ing movement in rails, the stock
market again surged forward today.
Leading rail issues and large mum.
ber OF industrials advanced into new
high territory during the forenoon.
New highs in the carrier group
were recorded by Atchison, which
jumped points to 292M; Baltimore
and Ohio, up I'm to 1919; Erie, up
III to S9&; New York Central, up
6% to 249H: Pennsylvania, up tx to
107%, and Union Pacific, up bM TO
2S4h.
In the industrial list new highs
were made by Air Reduction, which
scared II points to 210; Eastern
Kodak, up 5% to 227as: Macy, up 8
to 235; Continental Insurance, up
3as to 101M; Timken Roller Bearing.
up 3 to 112A; American Tobacco, up
5A to 1914, and Corn Products, up
Y to 109ss.
The public utilities group was fea-
tured by American Water Works,
which reached a new high Of 152
up 4 points, and Standard Gas and
Electric, which advanced fraction.
ally to 14S% after q big gain yes
terday,
Pan-American Petroleum b again
led the oils, setting a new high
mark at 69A, up 1%. Transcon.
tinental Oil was also very active
advancing fractionally to q new
high of Is.
Motors and coppers showed an
improved tone. Chrys1er gained 4
to 73h. Anaconda moved up u
to 1851.
Call money renewed at 9 pei
cent. Trading was heavier in vol
ume than yesterday, sales for the
first half hour aggregating 591, 900
shares az compared with 515,3OC
the corresponding period Tuesday.
The Washington times., 1929-08-28
RAIL BOOM LAIDi
To FREIGHT
GAINS 1: !.
By MERRYLE 8. RUKEYsER
Copyright. 1879, By UnivarsaI
Service, Inc.

The new prosperity Of the rain.
roads is ascribable to the fact that
additional freight has been carried.
without a corresponding increase
in overhead expenses.
The expansion of railroad facilt.
ties has been accomplished with.
out the building of new lines
through the more intensive use OF
existing plant and equipment, e.
r. Loomis, president Of the Lee
high Valley railroad and spolxes-
man for the railroad executives %
the East, pointed out to me, add
ing:
"The country as a whole Is wen
served by rail lines. It seems
natural that there will be q con.
tinuance Of the policy Of expand
Ing present facilities in an effort
to make the existing plant handle
an increasing volume of traffic.
with the most economical opera
ton and the greatest possible ef-
ficiency.
Public to Benefit
That such q policy win be.
beneficial to the public az wen
as to the railroads is evidenced
by the operating results for the
first five months of the present,
year. During that period load
ings increased nearly 800, 900 ears
as compared with the same pe.g
riOd Of 1928. Gross revenues
increased $123, ,OOO, 900 and tFe
carriers converted more than SSH
100000 Of this increase into net
operating income in spite Of the
: fact that their tax bill for the
same period increased nearly S1O.-
75O,OOO.
Transportation expense, which
covers the actual cost Of moy.
ing traffic, increased only So.
8O4. 900. 1t is interesting to note
that taxes. over which railway
management has no control, took
from the $4,000, 900 increased
revenue practically as much as
it actually cost the carriers to
move the additional business over
their rails"
Fears Dispersed
My next question was whether
the st. Louis and o'FaIIon de-
cision OF the United States Su-
preme Court had tended to inn,
prove the status of the railroad
investments. He replied:
''The O'FalIOn decision should
remove the fears surrounding re.
capture of earnings under con.
ditiOns which might have proved
unjust to the investor.
''In seeking new capital rail-
ways meet the competition Of
other industry whose earning
power is not limited through gov.,
erTnental regulation. It Is inn.
portant, therefore, that prospec.
tive investors should feel secure
as to the safety Of their prinel-
pal and tina: they should have
reasonable assurance as to divi-
dends and interest,"
----------~-------- y.
YOn can surely select the apartment
you desire through the large list 81
rentals in tOday's Classified ads.