davidaulloa/AmericanStories huggingface dataset:
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-03-05
GOLD AND GLOOM

fkaAAAHN18 -NNAA 49, 49,
mitted a rapid sterilization Of
the economic situation.
Bankers should be remind
ed that they are dealers in
gold, silver and copper. They
seem to have forgotten it, and
this lapse Of memory has
thrown the country into the
most devastating financial cris-
es ever known. They have
been dealing in fragile paper
balloons and foreign promises
Of exceedingly doubtful value,
instead Of the metals on which
their vast business was found
ed.
The government now seems
DESTROYS Of helping the bank
er, who really deserves no
help. as he has betrayed his
trust, chat Of dealing in gold,
silver and "copper". Wouldn t
It be better ii the government
helped the producer of these
very necessary metals, and pri-
marily the gold producer, as
his product is most neededf
Montana has produced near
ly a billion dollars in gold.
True, much Of the placer.
gold is gone, but much re-
mains. Much surface ore,
principally the free gold bear
ing oxides, has been mined,
but now we know how to treat
sulphides and complex ores,
and there are few billion
dollars worth of these ores
awaiting the developer.
Probably more gold mining
companies a1se paying divi-
dends than any other class OF
company. and it is time that
the public was weaned away
from the ridicuI0usly speeula-
tive stock and bond issues re-
commended by the bankers
and the banker controlled ex-
changes.
There never has been a time
in the history Of the country,
when gold mining offered
greater opportunity. Labor
and equipment are cheap, and
one does not have to sell gold,
so all sales overhead is dis
pensed with, as gold in itself
is the medium of exchange.
When your banker tells
you not to invest in a gold
mine, tel him that the losses
involved in bank failures last
year totaled almost 500 Of the
total business failures in the
United States, and carefully
note his reactions. Don't tell
him this though, unless you are
sure he Is not afflicted with
high blood pressure.
A little more gold produc-
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-03-05

er-Gaendive.
Additional reserves Of 400 000,-
600. 900 have been established in
other Eastern Montana struc-
lures, giving adequate reserves
to justify the construction and
operation Of the line.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-03-05
SUPREME COURT APPROVES
GAS RATE PRICE CUTTING
Noted Shelby Case, Involving Effort Vi
One Company To Put Another Out
OF Business, Is Ended
WASHINGTON. ID. 9.

WASHINGTON, D. C. II The order by
which the lower court prohibited the public
service commission Of Montana from pre-
venting the Great Northern UTILITIES COM
pany from charging rates lower than tnose
prescribed bv the commission was Monday af-
firmed by the supreme court.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-03-05
WOULD LABEL
OIL IMPORTS

Assuming that a require
ment that the place Of origin
Of foreign petroleum or its
products be disclosed would
result in benefits for the
domestic industry, Repre-
sentative Carter, Wyoming,
has introduced a bin, HI.
II. 1917, providing for the
marking Of such foreign
product, with . penalty Of
$4,000 for failure 70 do the
marking.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-03-05

, Chief Justice Hughes announc-
ed that this was done without
prejudice to the consideration
and determination BY the federal
district court Of all questions OF
law and fact, Including the ques-
ton Of the reasOnableness in the
circumstances.
The Montana public service
commission had ordered the Great
Northern Utilities company to
raise rates on gas at Shelby.
The Great Northern said there
was business for only one COM
pany in shelby and that for self
preservation # should be allowed
10 lower its rates.
A three-judge federal court
gave the company an injunction
restraining the commission from
enforcing its orders and the pub
lie service commission appealed.
HELENA E. Silver
counsel for the Montana railroad
commission. upon his return Mon
day for Washington. d. c., de-
cIared the supreme courts de-
cision affirming the ruling Of a
three-judge federal count has no
bearing on the authority Of the
Montana commission to fix rates
or on the reasonableness Of the
rates involved
The next move in the proceed
imgs, silver, said, win be a re-
quest for q hearing before the
three-judge court on all the Is
sues, including the authority OF
the commission and the reason
abIeness Of the rates prescribed
IN the commissions order. Silver
explained that the supreme
courts decision does. however,
nuIlify this order.
The decision, Silver said, mere
" passed on the authority OF the
lower court to Overrule the com
missions order.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-03-05

Under and By vlrena 81 lhs Decree
ID the above entitled case tho 8hsriff
q said County VIII sell af Bheriff'e
sale ca Mouaay. tbs 18th day q
March. 1es9 at 2.so O'Clock y u
said day at fhe West Door IS tze Ce1rt
House Ia Great Falls, Cascade Couney,
Montana. all the right kigie, cialin
an0 interest % the above nam8a de-
PENDANTS ID and 90 the following eez-
erfbed property 10 wit.
The SemtAwea9 0naF1eE tHW4} -
Beetson 0ne "a. al 81 section E~else
{B9l che Enst HALF Of chs East hlaAf
(E4Esy 81 Aeetkau EEeFea fkk1s sme
NafSAeaat oaarfeg 81 tae AertA<@sz
oaar1er fHExNE41 81 Seettea H9NF-
teen f1z3. shs NerkA Mair ~ the
NnFxh Half (N2NAl - Beesiaa xnlE~
teen f19B. Eewnshzp Ntaeteen tAsl
inertia 81 Range TIVE 60 West Men-
tans Meridian, ard the Southwest
Quarter f8W11 Of 8eetfsn Sewer
"a. rownshtp Ninetegn ft9) HeEtA
OF Range enc f1D West. Aomsana
Meridian. eontaiuinN ThIEtean Maa-
drea Nine ff3o91 acres, n0re o. less
accoraiaa 20 the Gevernnent survey
fheFeof.
Dated At Great Fails Montana this
18th day Of February, 1872.
r. L. SHIELDS,
Sheriff OF Cascade County.
BY r. H. CARVER, Under sheriff
Date Of first publication Feb. p
1882
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-03-05

IN TMM nKsxMECw COUNT or TME
ME0NwM JUDICIAL Dist #KGW or
THM awATM or MONTANA. ~
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-03-05

dous profit, with the foreign
oil shut out.
In East Texas, long regard
ed as bugaboo, major com
panies are now largely in con.
troll and ready to cash il on
their investment and on their
efforts Of the past two years
which have resulted in re-
moving from the picture many
Of the elements which they con
sidered inimical to profitable
operation.
Under Control
AS a result, production from
this area will be held down,
artificially if not as a natural
consequence of the inevitable
decline which is certain to af-
feet this field as it has al 9th
ers in the past.
As a further result, thous-
ands Of additional wells will
be required this year to keep
up with the demand for gaso-
line. which is the one major
~. S. commodity to show a
continued sales increase dur
ing the past three years.
Tests Slated
Wildcatting is expected to
return to its pre-1929 status
throughout the United States,
with prospects particularly
bright for a vast increase Of
drilling in Montana.
Indicative of what is to
come in this state is the ac-
tivity now under way by two
leading companies, the Stand
ard of California and the Ohio
Oil Company.
Now Drilling
Standard of California is
nearing completion with wild
cats on the Utopia structure
and on the west flank Of the
Sweetgrass Arch, near Bynum.
Ohio is drilling a wildcat
on Golden Dome, in the south
ern part Of the state and is
commencing a number Of wells
in the proven Dry Creek Held,
six miles distant. Since each OF
these wells will cost upwards
Of 100000 each, observers
think their drilling is being
undertaken only with the as
surance that there win be a
profitable market for all OIL
produced. 81
More Interest
Likewise, on the part Of
Independents, there has been
a sudden revival Of interest in
the prospects Of hkely-looking
structures which have been ig-
nored during the past three
years.
The Cut Bank area, proven
for oil but undeveloped, is ex-
pected to be the scene of a
large part Of the activity. "A
large number Of wells are to
be drilled in the vicinity Of the
ID. & II. producer, with the
prospect that the producing
area viii extend far to the
west, across the boundary OF
the Blackfeet reservation.
At Cut Bank
Approximately 40 wells are
to be drilled some miles north
east, in the gas area, with the
likelihood that gas production
viii be found which viii liIlh
this area with the Border field
In Kevin-Sunburst, activity
viii probably center on the
west side Of the field, where
production possibilities are ex'
ceIlent and where original pres
snres are undiminished.
Stinulant
AS a stimulant to the actl
witty, sharp increases in th'
price Of crude are expected
inside Of the next 60 days
| Increased prices in the south
ern states, coupled with higl
| freight rates, are expected +
serve as an effective BARREL
10 further importatiOns from
/ this section with the result
that the berta-MOntana de
| a
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-03-05

HENRY =. xARNoT. Defendant.
The state OF Montana sends Greet
luRs 70 the Above Named Defendants.
and % Each Of Them
You are hereby summoned % ans
were the complaint Ia lhis action
which Is fliad 10 the office o. the
Clerk of this court. q copy Of which
b herewith served upau enc Of you Ia
each Caunfv wherein any 81 you re-
side, and Be- file your answer and
serve q copy thereof upon the plain
fiffs attorney wtthin twenty days
after the service Of this summons, e1
elusive 81 the day Of service. aud ~
ease 81 your failure 20 appear IT
answer. Judgment win be takeu
agAin8t you By default, for the re-
lief demanded In the complaint.
Said settles - brouRhf by pinin-
stiff foR the purpoae 81 securing
an abselufe decree q divorce froaa
eaid defendant upon tire EroNnda
and for the reasons that said de-
fendaM9 wfflfally neHlecscd to far
nlsh plAlatiff herein vita che cam-
mon aeoessafies 81 ufe during che
year aasa past fmnsediatrlY pFier
20 ti4e Hiing o. the CompIaint, he
che suid defendant daring said
time having the ability 80 e doi
nud also for the custody Of she
miner child. she Issue % said mar
rinEe and for amy further relief
the Court may deem meet ~ fhe
pEoMtaaa.
Witness my hand and the Seal Of
said Court this 2nd day Of February.
GEORGE HARPER, Clerk
BY J. r. HILGARD,
Deputy Clerk.
DAVID J. RYAN.
Attorney f0T Plaintlff,
First National Bank Bldg
Great Falls, Montana
COURT SEALl
Date Of first publication, Feb. 9. 1882
sx
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-03-05

ton will dispeIl the gloom and
place us on a really sound
basis Of prosperity
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-03-05

SEND A CONTRIBUTION TO
THE sUNpURsT BADGER
The Washington times., 1932-04-14

jOying this CARL COOK Jr'
club and having a good time
reading the column and listen
ing to Kit KarSOn over WJSV.
wish the other members would
write to me-"
Eleanor r. Ayers, GOT Twen-
ty-second st. N. W., writes:
II am IL years old and in the
seventh grade at the Gordon
Junior High. I have been read
ing the column for a long time
and could not wait any longer
TO send in my name. / know
two or three who have already
Joined. They say it is the
best club they ever belonged
to-"
Betty and Peggy Plantz, 5402
Ninth st. N. W., write a joint
letter. They say:
Peggy is 13 years old and in
the eighth grade at the Paul
Junior High School. Her
teacher is Mrs. Clark. Her lit
tie sister, Betty is only 6, and
both want to be Adventure Club
members"
Norma Nagel, 108 Colmar
Manor, Md, received her mem
bership card on her recent
thirteenth birthday anniversary
and she says:
II consider It my best birth
day present. It was, also, my
first gift that day. want
to know if I can put my name
on the first page Of my animal
book instead of the cover. You
see / have a picture on the
cover. Please print again that
1 would like to hear from other
members"
We suggest in answer to
Norma's question that she put
the name and also attach
with a clip or something like
that) slip giving both name
and address to the cover of
the book.
The Washington times., 1932-04-14
a ApVESTaPF T755;77I5 ''T5j Club

contestants in the animal con.
test.
Also entered in the contest is
Stanley Reines, 526 Four-and-a-
half st. S. W., a new member
of the club. He writes:
my boy friend 3Old me
about the club and how much
fun it was. He said to read
your column and listen to Kit
KarsOn over WJSV and I'd
believe him. 1 did and now
1 want to jOin.''
A new member, Nellie Mae
Speakman, 608 Elliott st. N. E.,
would like some of the other
The Washington times., 1932-04-14

competing, but every member
of the club. just present your
membership card at the ticket
window and you will be ad'
mitted free.
Here are the three facts
which must be given about
each animal:
Name of animal.
It's native habitat.
Where it can be seen at
the Zoo.
Our two little pictures today
are of Carl Cook, jr., and Katie
Letcher, both of Baden, MD.
Katie is Carps aunt. He says:
"Can you imagine that?"
We wonder If he calls her
AUNT" Katie or just Katie.
Carl is 9 years old and Katie
Is IL.
Here is q little poem from
Katie:
when Susie and Ruth come
to play with me
We dress our dolls and serve
them tea.
And here is one from Carl:
/ wake up in the night,
How long will darkness last?
/ listen to the clock
AS it strikes half-past-half- past.
Louise Stadtler, of Kensing-
ton, Md, writes she was very
much pleased to see her poem
in the column. It seems we
called her Louis Stadler and she
wants us to correct the i'm
preston that she is a boy. For,
she says, she is very much a.
girl and wouldn't be a boy for
anything. She is one of the
The Washington times., 1932-04-14

The famous Animal Contest
of The Washington Times Ad-
venture Club closed yesterday
and we hope you all have en-
joyed it as much as we have.
The completed books, con-
tanning the "a pictures run in
this column during the contest,
must be on Kit Karson's desk
at The Washington Times Of
flee by the evening of April
25. Which will give you plenty
Of time to check up on your
information and make your
IAnIye
The Washington times., 1932-04-14

The prizes
will be award
ed at a big
party at the
Rialto The
ater the first
week in May.
w h ich will
give US plen-
ty of time
to judge the
books.
E V E R Y
ON E is in
vited to the
Rialto Th E.
a ter. N o t
only those
The Washington times., 1932-04-14

club members
to write her.
She is 9 years
old and in the
fourth grade
a t Pi &c e
School.
The clu b
members are
also urged to
write to Mil
d re d Giller,
4 l 5 E i & h t.
eenth st. N.
W., W h o
writes:
81 am en-
The Waterbury Democrat., 1932-06-13
DAVID ROSS TO
 {. RETURN TO RADIO

After an absence of many months, the popular poetry read ings of David Ross, Poets Gold" will return to the air during the broadcast Sunday, June 19, from 5.30 to 5:45 p. m, EDST, over NABC and nationwide Columbia network. With Emery Deutsch. uolumbia conductor, and his or- syIlestra furnishing a background of appropriate musical selections, Ross will be heard each week at the same time in readings from the Worlds famous poets. both of the past and of the present day.
 ."Poet's Gold" has been presented at different times over the Colun- Mia network for the past two years. Ross has received numerous letters Of appreciation of his readings from university professors and students and from dramatic actors. Among the prominent figures in public life who have congratulated Ross on his presentation is Mayor Walker of New York. The opening broadcast of the isew series will include seIections ffom Shelley. Ernest Dowson. Eitz- ifbeth Browning, and from the Song df Songs. Among the musical num- Hers to be played as background Iiy Deutsch will be .Tn Summer. Fields by Brahms, Rubinstein's sAzra", and Russian romance. ssGagcha" by Goldman.
The Waterbury Democrat., 1932-06-13
COLLEGE LECTURER
 TO GIVE SERIES
New York

Beginning tonight at 7:30 o. clock. and for the two succeeding Mondays thereafter. WLWL will hear the voice of Professor Frank D. Whalen discussing the follow ing subjects: What Psychologists Want to Know: New Tools for Mental Surgeons; Patent Pills for Mental Maladies."
 Professor Whalen presented similar series of talks over WLWL in 1928. He is q lecturer in ad- vanced psychology at Hunter col- lege and principal of public school No 84 in Queens an acknow- ledged authority on his subject and frequent contributor to "rlle Commonweaf' According to Pro- lessor Whalen, these talks have been prepared with purpose aforc. thought. He contends that this sub ject of psychology has been piag- iariZed and popularized by an un. informed public that feels free to use lightly, what they have not even 8 supergcial knowledge of. and these radio talks will contain a few guiding principles to the stud ent of this subject, and the average person as well on what to ac- cept and what to discard q touchstone for newspaper and magazine reading. In other words, he will supply information for the dissemination and discrimination of the searcher for the real truths of psychology.
The Waterbury Democrat., 1932-06-13
.:.. ..ss WTiC ....:..,.. ..sss

s.oo-A. Everett Austin. Curator.
 Morgan Memorial b:1s-"skippy." s:s0-swanee serenaders. esoe-Bullefins. s:oB--sersnading strinss-Chris-
 tan Kriens, director. e.10-The Merry Madcaps with
 Frances Baldwin. vocalist
 Norman Cioutier, direc-
 tor.
 7:0o-Basebali scores. 7.05--Hank Keene and his Con- necticut Hilibillies. 7:1O-Broadway Favorites--Nor-
 man Cloutier, director. 7:3O--YJust Willie" 7:16-The Go1dbergs. s:0o--Arthur Allen in dramatic
 sketch. s:3o-Lawrence Tibbett, baritone. o:o0-The Gypsies. g:10-Parade of the States. 10:O0-WTTC Playhouse Guy
 Hedlund, director. 10.30-Newe. weather; Atlantic
 Coast Marine forecast. fO:ss-The Merry Madcaps-Nor-
 man Cioutier, director:
 with the Harmoneers. 1f:50-St Regis orchestra. 11:45-Cab- Calloway's orchestra. 12;eO m.-Sifent.
The Waterbury Democrat., 1932-06-13
as.:.. ::s WIZ x',osse,.. 'sS
New York

6:15-Joe Parsons, songs. S:3O-The Singing Lady. .a 5:45-Little orphan Annie. 6:00-Black's orchestra. 6:30-Business Management and
 the Depression--Lee Bris-
 tol.
 s:45-To-day's News-Lowell
 Thomas. 7:O0-Amos m Andy. 7:15-Jesters trio. 7:3O-Stebbins Boys-Sketch. 7:45-Billy Jones and Ernie Hare,
 songs. s:e0--Concert orchestra; male quartet. s.S0--The End of the World
 Sketch. gO0-Wiener Minstrels., 9:30-Jack Benny; Olsen's or- chestra; Ethel shutta, sf songs. 10:00--Nolan orchestra; male . quartet. 10:15-Jobnson orchestra; Jack z :a smith, baritone; womenS e:30-Frank Mum, tenor; String
 orchestra. l.k 46-Tish-Sketch. 1i:00-McCravy Brothers, songs. 1t:15-Concert orchestra, direction U Cesare sodero. 1z.00-Lec Sims, piano; Ilomay Bailey. soprano 1E:fA a. Jrl.-Moore's orchestra.
The Waterbury Democrat., 1932-06-13
On tIle Air Toddy
.;:':.. $: WEAF s,,:::s,.. 2:
NeW XaEk

E.O0-catherine Field, songs. 6:15-Skippy-Sketeh. 5:30-Swanee Serenadefs. 5:45-Impressions of Page fin the House of Representa-
 tlves-Peter Holland. 6:00-Sert Room orchestra. 6:30-Merry Madcaps orchestra; 1;
 Fred Wade, tenor. 7:00-Secretary of Agriculture
 Arthur M. Hyde. inter-
 viewed by William Hard. 7:15--Josef Stopack, violin: Jose Honti, piano. 7:3O-Jacqhes DAvrey, songs. 7:45-The Goldbergs-gketch. s:00-Sketch--The Flag. s:30-DaIy orchestra: Richard
 Crooks, tenor: Romance Of
 Rubber-Harvey s. Fire
 stone Jr. 9:00-Gypsy orchestra; Frank
 Parker, tenor. 9:30-Parade of the States: Ver-
 mont Theodore Webb. baritone; Rapee's orches-
 tra. 10:00-National Forum. 10:3O-Kay Donna, coDtralto. 11:00-Rus Columbo, songs. 11:15-Lopez orchestra. 11:45-Calloway orchestra; Ada
 Ward, songs. 12:05-Ralph Kirbery, songs. 12:05 a. m.-Rogers orchestra.
The Waterbury Democrat., 1932-06-13
], xs':,. :ss WDRC 4.,os,s,.. .sss

s:so-snooks Friedman's orches- s:oo-H. v. Kaltenborn. Current Events.
 kt15-yaughn de Leath, contralto. etsO-Baseba1f scores. e:S5-George Halls orchestra E:45-The Funnyboners 5:00-Morton Downey. 7:15-Tune Blenders; Lanny
 Ross, baritone. @ 7:e0--Chandu the Magician. F:45-Bing Crosby. S:oO-Irving Kaufman. Roger , Whites orchestra. S:15-Slngin' Sam. S:30-Four Clubmen. .r4 s:45-Colonel aStoopnagle and Bud.
 s:oo-Eugene International Re- yue. s:i5-street Singer, Sam Lanin's
 orchestra.
 e:o0-Organ recital; Edward
 Jardon, tenor. 10:00-Music that Satisfies; Bos- well Sisters. tgt 1p:15-"Hoilywood Whispers"-
 Cal York. 10:30-Columbia Symphony or- chestra. 1d:00-Charles Carlilo, tenor. 1a:15-Freddie Martins Bossert
 orchestra. 11:30-Noble Sissle's orchestra. 4es.7m-WICC, Bridgeport-S0Ok S:00-News flashes. S:15-The Dance Parade. 5:30-Mirror of Fashion. Charles F.. Hector, conductor. b:45-The Broadwayites, orches- tra with Morton Bowe, tenor.
 6:00--News.
 ,S:15-Don Ragenese, guitarist. 6:30-"Big Brother Bob Elm {. ery's Lighthouse News Ex- change. 6:46--Marge Hull and her Mel {. ody Boys. f:o0-Joseph Lopez, Mem'ries of Yesteryear. a:15-Piano recital with Leo Lit | win.
 y:30-Coral Islanders. T:45-Concert Ensemble, Robert Brunton, conductor. ss:00-The Gossipers. 3:16-Muscanto trio - Mildred Muscanto. pianist; Celia z Muscanto, cellist and Grace x Deeran, violinist. ,s:30-Voice of the Violin. .S:45-Emerson Gill and his To- tenn Pole orchestra. 9:00-Petite Symphonic, Robert f Brunton. conductor. i9:30-Organ recital with Edward Jardon, tenor. ID:00-News flashes. L0:f5-Meyer Davis Le Paradis [. Dance band. IO:30-Emerson Gill and his To-
 tenn Pole orchestra. :00-Jerry De Nomme, tenor. 11;15-Francis J. Cronin at the Console. 11:30-Carl Moore and his Blue
 Heaven Boys.
The Waterbury Democrat., 1932-06-13

who has been the featured soloist heard interpreting the works of the forty-three weeks on the Meet the Composer" series, will be heard at i7:46 tonight from WLWJ. Miss spineIli has chosen this period as q resume, and will present few of panied by the WLWL orchestra, under the direction of Rudolph Forst.
The Waterbury Democrat., 1932-06-13
Radio Notes

< WLWL announces the return at 6:15 tonight of the Irish basso. Jack Oakley presenting his program titled Smiles and Tears of Erin. MT Oakley's fans de- nanded that he come back {. not to Erin but to WLWL, and so here he is by popular request.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1932-11-11
Living Costs Are Now Close
to the Present-Day Income

alyzing the various prices which dis
close how they closely parallel the re-
duction of the national income which
started its downward slide in 1880.
Using the 1929 American national
income of $50, 1886, 100000 as the basis,
a comparison with the national income
of S7O,S14OOO,OO0 in 1880 shows loss
of Is per cent, or S16,OOO,OOO,OOO. The
reduction of the 1881 income showed
still greater drop, being 80 per cent,
or $34.133, 100000 less than 1929.
In 1881 began the serious revamp-
ing of prices to meet reduced incomes.
and with the estimated 1892 national
income placed at $4,000, 100000. or So
per cent off from 1929, even further
reductions have resulted. Clothing.
foodstuffs of all kinds, rents, real es-
tate, fuel, rail, bus, steamship and air
transportation, tools, plant equipment,
building materials, raw materials-in
fact, almost every item used by the
American family, or in business and
industry, have strived to meet this
reduction.
For example, farm products of all
kinds disclose that 1882 prices are 60
per cent under the 1929 average; food
stuffs, one of the most important of
all items, shows decrease of So per
cent from 1929 levels; average de-
crease in the various types of fuel
range from Is to 80 per cent less than
three years ago; textile products are
more than 40 per cent lower; hides
and leather products are Al per cent
lower, which is reflected in the lower
retail prices of footwear; raw mate
rails of all kinds show a decrease of
45 per cent; clothing is 80 per cent
off-in fact, taking all the important
living items at their current price
basis, and comparing the reduction
with the difference in the national in
comes of those years, it is readily ap-
parent that every effort is being made
to keep commodity prices as close to
national income levels as possible.