davidaulloa/AmericanStories huggingface dataset:
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04
V.F.W. Stag Party
To Be Held Tonight

All preparations were completed
Monday for the stag party Of the Vet.
Grams Of Foreign Wars which will be
held at 8 p. m, Monday In the lower
gymnasium at the World War Memoir
ial building on the anniversary OF
the outbreak Of the Philippine ins,lr-
rection, Feb. II, 1899. Harold Soren.
son Is in charge Of the program and
P. q. Harrington will act as master
Of ceremonies.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04
DULUTH CASH GRAIN

Duluth, Mimi, Feb. 4.-(P)-Cash
closing prices: Wheat. No. / dark
northern heavy, 1865 Lifts; No. l
dark northern, l.05N-l.l5M; No. 2
dark northern, lO4X-l.l3x; No. 3
dark northern, 1.03 Is -1.12A: No.
northern heavy, l.06ss .1.l79s: No. I
northern, l.05as -l.15K: No. 2 north
ern. 04s-l.l3N; No. l amber durum
hard, l.2l-l.4l: No. 2 amber durum
hard, l.2l-l.4l: No. l amber durum.
l.l0-l.34: No. 2. amber durum, lit
1.S4; No. mixed durum. l.l4-l SO;
No. 2 mixed durun. l.l2.l.3S: No. !
red durum, no quotations.
Flax: No. l, 1877.
Rye: No. l, 63-68.
Oats: No. 3 white, 81 X .53as.
Barley: Mailing. 85-l.00; No. / feed,
6S-70: No. 2 feed, $3.50: No. 3 feed,
66-6e.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04

Boston, Feb. 4.-(P)-(U. s. Dept.
Agro-Domestic wool was moving very
slowly on the Boston market, and most
Of the inquiries were for the 64s and
finer quality woods. Quotations show
ed no change, but buyers were con-
filming their attention largely to lots
available on the low side Of ranges
recently quoted.
Estimated receipts OF domestic wool
ct Boston, reported to the Boston
grain and flour exchange during week
ending February 2, amounted to $780,
900 pounds compared with LOO dur
ing the previous week.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04
RANGE OF CARLOr SALES

Minneapolis, Feb. 4.-(R1-Range Of
carlot grain sales: Wheat: No.
dark northern, 1.19H: No. 3 hard am
Der durum, l.42k No. ! mixed durum
l.32K.
Oats: Sample grade feed, 81.
Flax: No. I, 1.o8x-3.00.
Corn. rye and barley not quoted.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04
Miscellaneous
FOREIGN EXCHANGES

New York, Feb. Foreign ex-
change irregular: Great Britain de-
mand in dollars, others In cents. Great
Britain 4.87h; France $751;; Italy
1854: Germany, 1890: Norway, 24.48;
Sweden, 25.l3: Montreal in New York.
$685.; New York in Montreal
100.O3ls.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04
BISMARCK GRAIN
Quruished BY Russell-Miller Co..
DATE Feb. 4
CHICAGO CASH GRAIN

Chicago. Feb. 4.-R>eWheat, No. 1
red o4K; No. 2 hard l.04; corn. old. No.
2 yellow o0h: new, No. 8 mixed o3h:
No. ; yellow 1851: No. 2 white eeh;
oats. No. ! white $50: buckwheat, No.
!, 1.34; no rye: soy beans. No. 2 yellow
LA net track country station: bar
ley 75-l20: timothy seed l0.7S-18O0:
cwt: clover seed l6.75.22.OO cwt.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04
F. E. YOUNG
FOR SALE


Modern two story and basement
dwelling In good location, divided
into four apartments. Monthly
income, besides living quarters for
owner. IS slo8.50 monthly: hot wa
ter heat. Property in Al condi-
ton; taxes $148 for year. This
property is for sale on account Of
health OF owners. Cost price to
owners 5000. Sale price $1,000.
Four room modern bungalow. hard
wood floors. full basement. furnace
heat, outside garage, good lot.
Sale price $4,000.
AND
Many other attractive houses and
lots for sale at proper prices.
HEDDEN REAL ESTATE AGENCY
Webb Block Phone O
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04
CRASH VICTIM IMPROVES

Goldie Benshoof Of Garrison, seri-
ously injured with two other persons
when two automobiles collided Friday
near Garrison, was recovering NICE
~" at q. local hospital where she was
brought after the accident in which II
other persons received minor scratches
and bruises.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04

The law Is being sought In Ger.
many to prevent hunters from tell
Ing tall tales OF thsir adventures,
Those Germans take everything q
sefiously.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04

TWO 100 acre improved farms Gloss
to Fargo along paved highway. $IS
per acre. Small payment down.
balance to suit, o. will take $l7 per
acre straight contract first payment
to be secured. Have other Real
Red River Valley snaps. Buyers
win have to act quickly Ia order to
get possession this spring. COM
muuicate with w. A. Muralt, 0lyn.
don, MINI.
FEDERAL LAND Bank Farms Iog
sale q rent IN 0urleigh, ElddGr,
Logan, AcInto0h, Sheridan and
Wells Counties. Write = UnM.
Dist. Representative. q. =. Hold.
DiamAEck.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04
BUTTER AND EGG FUTURES
Chicago, Feb. 4.-(R1-.
CHICAGO POTATOES

Chicago, Feb. 4.-(AP-U. 8. p. Al
Potatoes 24Q, on track 455. total U.
s, shipments Saturday l.079, Sunday
100; steady, supplies heavy, demand
and trading moderate; sacked per
cwt.: Wisconsin Round Whites. q. 8.
No. 1, rs to 90; Idaho Russets. y. 8.
No. /, las to i.47h: fine quality l.60:
commercial grade las to $50; y. 8.
No. 2. los to 40.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04
MINNEAPOLIS FLOUR

MINNEAPOLIS FLOUR
Minneapolis, Feb. 4.-(R-Flour UNI
changed. Carload lots family patents
ITO to 7.30 q bbl., in 90 lb. cotton
sacks. Shipments 25.025.
Pure bran 1850 to 27,O0. =
Standard mid6lings 1850 to $500.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04
Work Wanted

Work Wanted
TWO YOUNG men attending Com
mercial College need work badly
Will gladly work for board, room or
part time. Friends. what have you?
Phone l2l or l544-J evenings.
HONEST, reliable young man, "a, no
bad habits, wants work In city OF
Bismarck. Phone 078.W.
for three CONNER
cial College girls to earn board and
room. Phone III.
WORK wanted by kitchen man dish
washer. Apply c. Hill, Transient
Bureau.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04
MONEY RATES

New York, Feb. 4.-(P)-Call money
steady: ! per cent all day. Time loans
steady, so days-6 mos. A-l per cent.
Prime Commercial paper unchanged.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04
NEW YORK BONDS

New York, Feb. 4. - R) - Boudi
close:
Great Northern Is Of 1886, 92N.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04
NEW YORK CURB

New York. Feb. 4.-(R-Curb.
Cities Service TX.
Elec. Bond & Share 81.
United Founders TIC.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04

MINNEAPOLIS STOCKS
Minneapolis, Feb. 4.-@-StockS
close:
First Bank Stock, 0A.
Northwest Banco., ~.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04

INVESTMENT TRUSTS
(By the Associated Press)
lover the counter in New York;
Quart. Inc. 6h., 40: 1872.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04
MINNEAPOLIS STOCKS

CHICAGO STOCKS
No quotations.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04

MINNEAPOLIS CASH GRAIN
Minneapolis, Feb. 4.-@- Wheat
receipts Monday IS compared to 3l6
a year ago.
Minneapolis cash wheat and coarse
grain closing quotations today follow:
Wheat Delivered 10 Arrive
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04
CASH GRAIN

WINNIPEG CASH GRAIN
Winnipeg. Feb. 4.-{ReCash wheat,
No. northern. 78h: No. 2 northern,
75,t; No. 3 northern, TN: oats, No.
white, g; No. 3 white, 81.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04
GOVERNMENT BONDS

New York, Feb. 4.-(R)-oovern'
nent bonds:
Liberty 31ss, l04.15.
Liberty LIST Ans, 1928.
Liberty 9TH AIS, 103.20.
Treasury AS. l14.24.
Treasury Is. l10.4.
Home Owners Loans, 1915.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04
Male Help Wanted


Personal
REAL STEAM SUPERCURLlNE
PERMANENTS, SPECIAL PRICE
during February. Regular $3.50
wave at 1920. Oil $500 wave at
$295. Palmolive soap, Vernon To-
ton used. Shampoo and finger
wave, soc. Open s a. m. to 3 p. m.
Harrington's. Phone 100.
MATTRESSES
FOLKS, I am back to give you the
same high class workmanship In
mattress rebuilding as before and
have complete new line OF tick.
ing. Phone 1862. 309.8th.
STOMACH ULCER. GAS PAINS,
AND INDIGESTION victims. why
suffer? For quick relief get a free
sample Of Udga Tablets, q doctors
prescription. at Service Drug.
DAKOTA BEAUTY SHOP. 323-l3th.
Phone 972-W. Free shampoo with
every fingerwave from Tuesday un.
til Friday.
DOCTOR: Thanks for the free adj
vice. Never realized my digestion
needed Double Mint so much. Mrs.
H.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04
Lost and Found
Miscellaneous


FARMERS ATTENTION
IF YOU want to buy, sell or exchange
used farm machinery Of any kind.
mail US at once list giving make.
description, also the price you de-
sire to pay or receive for each In
dividual machine. We can then
serve you. Machinery Exchange, P.
o. Box 2l8, Bismarck. N. Oak.
TYPEWRITERS and adding ma.
chimes. Repairs and supplies. CAP
ITAL TYPEWRITER CO., 201
Bdwy., Bismarck, N. D. Phone $40.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04

For SAle
FOR SALE-Ladies' wool sweaters,
$2.98 value for $l.00; kid gloves.
$500 value for 81; few ladies' hand
bags, $3.50 value for $3.50; tassort-
ed colors; 81 ladies' hose for 69c:
Children's and ladies' wool mitts,
formerly Toe and 89c. now only Csc.
Also nice collection Of linens.
Call at front apartment, 304i. Main.
FOR SALE-Asplund, Ecklund, Beck
man coal. Lots 2 ton or more. $3.50
ton. Phone 1893. Bob Morris. Re-
lief orders, 1910.
FOR SALE-Ecklund and Asplund
coal. $2.65 per ton. Phone 878.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04
Real Estate

REAL ESTATE
3 houses facing park. All modern,
prices from $500 to 5000.
5 room bungalow, modern. 5000.
room bungalow, modern. $4,000.
Basement house, rooms, a bargain.
$l.400.
room house, bath, furnace, lights.
$1,000.
Hundreds Of lots In all parts Of city.
Buy your home now when prices are
low, through some reliable dealer
who will protect you In value and
title.
z r X0l1NG
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1935-02-04
TRIBUNE RATES ARE LOW

and border used want ads classified
display column inch per single
cavoy.nt fortune teller matrimonial doubtful Id
vertsng accepted We the right to edit reject any
copy submitted.
ALL WANT ADS ON BASIS OF CASH IN ADVANCE
representative win call you DESIRE Telephone
ask for the want I'd department.
The Nome daily nugget., 1935-10-25
Leading Ground Cainer Pro Foot
 ball Is Chosen
(By The Associated Press)

New York, Oct. 25, - Ern- ie Caddel of the Detroit Lions former Stanford star, was el- ected as the leading ground gainer of the National Pro- fessional Football League, ac cording to statistics released today.
 Caddel has gained 297 yards in 39 attempts for an average of 7.6 yards per car ry. Dale Burnett, New York Giants, is tied with Caddel for scoring honors, each hav- ing made five touch downs for a total of 30 points.
The Nome daily nugget., 1935-10-25
Money Released
 ToSeyeral States
 Under The WPA
(By The Associated PreSS)

Washington, Oct. 25, - Comptroller General John R McCarrel today signed Treas ury warrants releasing $2,- 6ll,047 to Arizona, Colorado Illinois, Kansas, Minnesota, Nevada, New York and Nor tn Carolina for works prog ress employment projects.
 The approval included Ari zona $88,787 Colorado $560,- 773, Nevada $173,093.
The Nome daily nugget., 1935-10-25
ALRSKANS EARN s25O.OO SPECIAL
 CASH AWARDS!
s4,75O.0O in Total Awards
 to Fur Shippers!
MAIL COUPON BELOW!

J. L. Swank of Hope and Pete Berg of Saginaw Awards last season. You. too. may share in these awards!
 This season, included in the total of SI,75000 in awards to fur shippers in Scars 7th National Fur Show, there will again be special, ddded Alaskan Awards = totaling
The Nome daily nugget., 1935-10-25
Work To Commence
(By The Associated Press)

San Francisco, Oct. 25, - Work on San Francisco's ten million dollar shoal site at Yerba Buena Island for the 1888 bridge exposition will start within few weeks, as a result of an allocation of $3, 043, 120 in WPA funds by off, ficials in Washington.
The Nome daily nugget., 1935-10-25
Fire Alarm Boxes

One blast of Siren. fire East of Fire Station; two blasts of siren, fire West of Fire Station.
The Nome daily nugget., 1935-10-25
Shocks Diminishing
(By The Associated Press)

Helena, Oct. 25, Belief that the earthquake which shook Montana's capital city for more than a week had spent itself, were disrupted today. The recurring shocks were considerably further away, indicative of diminish ing intensity.
The Nome daily nugget., 1935-10-25
Plus FULL Value for
 Your Fursl

All awards are irI 0d- difion to the top market prices that Sears. acting as your agent, will get you for your pelts. Hundreds of Alaskans have oh . tained quick, full value cash returns S through Scars. You can, too!
The Nome daily nugget., 1935-10-25
Demand Made To Remove Governor
 To Bring Peace
(By The Associated Press)


 Nogales, Mexico, Oct. 25, Rebellion in Sonora slumb- cred today waiting decision of President Lazarot Garden as in Mexico City on demands that Governor Ramon Ramos resign or be removed.
 Ousting of the governor is the only condition on which uprisings harassing this state will cease, insurrectiOniStS have stated.
 Subscribe For The Nugget
The Nome daily nugget., 1935-10-25

.00in cashi Every pelt you ship to Sears
 isconsidered, and only the handling counts notkindor valueoffur.
The Nome daily nugget., 1935-10-25
Speed Trophy Is
 Formally Given
 Liner NOrmandie
(By The Associated Press,

New York, Oct. 25, - The trophy for the speediest trans Atlantic crossing was formal ly presented yesterday from the Italian liner Rex to the French liner Normandie.
 The trophy was presented to Captain Rene Pugnuet of the Nornandie at a luncheon aboard the mammoth ship.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-08
INDUSTRIAL ACTIVITY
FAVORABLE IN 1885
Moderate Gains Expected in
December Reports.
By Times Special

By ItmeS special
NEW YORK, Jan. ga favorable
trend of industrial activity, as ex-
emplified by recent automobile and
steel production, carloadings and
electric power statistics has pre-
vailed since the first of the year, &C.
cording to the Standard Statistics
Company survey Of general bust
conditions.
Present prospects are generally
favorable, with much depending
upon early developments in Wash
ington and the speed with which
heavy industries respond to the cur
rent coaxing and favorable money
markets, the report stated.
This month, the survey revealed,
should see a moderate extension of
the industrial gains recorded dur
ing December, but no spectacular
increases are expected.
The survey Ttsted in part that
the" Adminisi alton aims will
doubtless be clarified in the near
future. and the Presidents control
over the new Congress will soon be
tested. The road ahead, insofar as
it is determined by political fac
tors, should be more clearly de-
fined than before
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-08
Other livestock

(By United Press
LAFAYETTE. Jan. 8.-Hogs-Market 10
@3oc lower; 275,,3OO lbs, So; 3oO.325 lbs,
s8S 55i lDs 0 SIS iSol5o Sq i5s @
l55-16o lbs. 81 so; 15o-1s5 lbs, 81 IS: I40-
$50 lbs, 81; 1854 lbs, s6.75; I00-l35 lbs,
$3.50 $50; roughs, 1915 down; calves,
steady; top 81; lambs. market steady;
FIT. WAYNE. Jan. s.-Hogs-15a25c low
er; 250-30O lbs $3.50: 225-25O lbs $685.
200-225 lbs. SITS; 10000 lbs, s765: l60-
100 les s755 ? GO lbs s755 I5o7Iso
:sI5: . l2ojIso I I1s $3.50; l9e-la3 lbs
So: lambs, $575.
(By TimsS SpeciaD
LOUISVILLE, Jan. -Cattle-Receipts.
200; salable supply slaughter classes light
quality generally plain: demand fairly
broad. market, active. fully steady with
Monday; bulk common 70 medium grade
steers and heifers s450n6; very little in
Guided eligible above $3.50. but strictly
good fed offerings eligible to So bulk
sausage bulls, s375 down; most stockers
and feeders. s450 down. Calves-Receipts.
$50; steady: bulk good to choice vealers,
S6H7 latter practical top medium and
lower grades. IS so down. Hogs-Receipts.
500. l0c lower: top and bulk better 100000
lbs. SO LOS; 20o-225 lbs, 81 30; 305 lbs. up.
$3.50; lso-ls5 lbs, s7.55; l6o-l75 lbs, s7l5;
$3.50. Sheep-ReceiptS. IS; demand de-
steady; bulk medium to good lambs. s7G
8: choice quotable So 50 or better: bucks
discounted; common light throwouts. $3.50;
fat ewes mostly s2G3.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-08
U. S. TO MODIFY
SILVER SCHEME
TO AID CHINESE
World Purchasing Program
Will Be Changed, Treas
ury Says.
Copyright. 1885. BY United Press


SHANGHAI, Jan. THE United
States will modify its world silver
purchasing program in order to aid
China in checking the flight OF the
metal, the United Press has learned
exclusively.
Secretary of the Treasury Henry
Morgenthau has assured the Chi
nese that he will seak means other
than drastic price increases to carry
out the American silver policies, it
was reported.
It was not revealed, however,
what means Mr.. Morgenthau plans
to use to avoid draining China of
it's stocks of the white metal, which
forms the basis of her currency.
Reached at Capital
The agreement repeatedly was
reached at Washington conferences
in which Secretary Morgenthau,
Secretary of State Cordell Hull, and
Alfred SEE, Chinese Ambassador to
the United States, participated. The
information received by the United
Press was contained in cables sent
by Mr.. SEE to H. H. Kung, Minister
Of Finance in the Chinese National
Government.
When the United States Treas
ury entered the world silver mar
ket, offering a new high price for
the metal, Chinese holders of sill
yer sold their stocks readily. The
drain became so heavy that it
threatened to upset Chinas none
tary system. Mr.. Kung made sew
eral protests to President Roosevelt
and the conferences followed.
In an effort to check the flow,
China imposed an equalization
charge" placing a levy varying
from SIS to 725 per cent on silver
exports in addition to the IT'S per
sent regular export levy on bars
and coins and the 10 per cent as
sesSmenG on Sycees, Jumps of sill
yer used in Chinese exchange.
Created Controversy
The plan, sponsored by Pei Tsu-
zee, director of the exchange con-
troll committee, produced consider
able controversy in Chinese fnan-
cial circles. The committee direc-
tor at one time threatened to re-
sign but later reconsidered.
He favors a higher rate for the
Mexican dollar, common unit of
Chinese currency, against the United
States dollar, Mr.. Kung T. v.
Soong, Chinese financial expert, and
others favor permitting the MeXi-
can dollar to seek its own level.
The Kung- Soong group consider
Is cents, the equivalent of 81 Mexi-
can to 81 United States, a reason
able level. The Mexican dollar now
is worth approximately IS cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-08
STOCKS MOVE
DOWNWARD AS
OILS ARE SOLD
Losses Ranging to More
Than Point in Majority
at Midday.

~ q MICA fFfsF
NEW YORK, Jan. 8-Stocks
turned irregularly lower today as
selling gathered momentum in oil
shares. Around noon losses were
in the majority, ranging to more
than a point.
oils showed the widest losses, bat
after a burst of selling they scat
tered in fairly active turnover.
Weakness in the group was at
tributed 10 the Supreme Court de-
cision finding unconstitutional sec
ton &C Of the MIRA, the oil pro-
duction control section. However,
many believed the decision favor
able and said it would not adversely
affect the oil companies.
Losses of more than a point we're
noted in Standard of New Jersey,
Standard of California. Texas Corp,
SimmS, Amerada, and Continental.
Only a few issues were able to
rise. Westinghouse Electric, which
reported sharp sales increases, was
up Il at 80 IL active dealings. Coca
Cola made a new high at ITO, up 2.
Briggs was a favorite in the motor
equipments, making a new 1934-35
top at %. up 1. Motor shares, how
ever. eased, as did rails, utilities,
chemicals and farm equipments.
Westinghouse Electric shortly be-
fore noon declared a dividend of
One-quarter share of Radio Corp.
stock on each share of common and
preferred.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-08
AUTO PROFITS SEEN CUT
Industry Has Reached Stage of Ma
turity, Study Says.

-
NEW YORK, Jan. 8. = While
progress in the recovery movement
will raise automobile sales volume
materially during the next few
years, the automotive industry, for
merly distinguished for its extra
ordinarily high earning power. has
now reached a stage of maturity
which indicates that its future
profits will be smaller but more
stable, according to Poor'S Survey
of the automobile and truck in
duStry issued by PoOrs Publishing
Co.
Considerations pointing to decisive
sales gains for current levels"
the survey states, are Cd a large
foreign market can be exploited over
a period of time; % Pent-up de-
mand from individuals now deferred
from buying by lack OF funds will
eventually be released, and 30 Low
consumer purchasing power is keep
ing replacement demand around
100000 cars below normal, thereby
establishing a large prospective buy
in backlog.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-08

Net income for the first three
quarters Of the year showed either
general gains or a replacement of
deficits with profits" the publica-
ton said.
Nov there are two directions
from which the earnings trend may
be viewed. One is the straight year
to year comparison which shows
whether ground was gained or lost
as compared with 1888.
First Quarter Compared
THE other is the straight COM
pariSon by quarters through 1884
which tells whether established mar
gins of profit we're being enlarged
or diminished or maintained sub
stantially unchanged as the ear
advanced. The former comparison
is more of a chronicle. The latter,
if definite trends are in evidence,
may bear upon the near-term
future.
1.-The first quarter of 1888, with the
general paralysis of business &C
of the bank holiday, was period
tivity in the final month by reason
with which any succeeding COM
parable quarter could hardly fail to
show up unless conditions of equal
abnormality obtained. So the fact
that profit margins we're generally
higher in 1884 than in 1888 for the
winter months is partially deprived
of significance.
1.-THE major exception to the rule,
however, was significant. The pub
lie utilities earned less on the dollar
of gross revenue than in the CORE
spending period of 1888, condition
which was to continue throughout
the year.
Divergent Trends Appear
For the second quarter the COM
parison is between an active period
in 1888 and a quarter in which &C
tivity was tapering off last year.
Here divergent trends appear. The
net incomes of representative COM
panies in the automobile industry,
the steel industry and the railroad
and utility fields declined relative to
the gross business done.
"On the other hand, electrical
equipment manufacturers, machinery
manufacturers, office and business
supply companies and miscellaneous
industrials showed larger net in
comes on each dollar of gross bust
ness than in the more active 1888
second quarter.
"These trends we're largely main
tanned in the third quarter of the
year. Here, however, the miscella-
neous industrials lost ground, earn
ing but TIT cents on the dollar of
gross business, compared with II
cents in the same period of 1888.
The large electrical equipment COM
panies showed larger profit margins
than in the H1reppdinC wear -