anaheim-gazette 1924-05-29

BUSINESS SURVEY Productive activity in the district declined moderately during April, but the distribution of goods continued at the high levels of previous months. The total volume of business trancased, the resultant of these conflicting movements, was smaller during April than during March, and, if correction be made for normal annual growth, was slightly below the level of April, 1923. It should be said, however, that the decline in the district figures for April, as was the case in March, was due solely to abnormal conditions prevailing in California. In the district outside o that state there has been a steady increase in business activity during the first four months of 1924. Slight curtailment of lumber production, as compared with a year ago, was noted during the month, a movement forecasted during recent weeks by small increases in mill stocks and continued price weakness. Shipments of and oreders for lumber continued in large volume. Mineral production appears to be stabilized at levels slightly below the peak of recent months. The continuous decline in flow of petroleum from California wells which began in September, 1923, terminated, at least temporarily, during April when average daily production increased by a fraction of one per cent as compared with March. Stored stocks of petroleum had risen to another new record figure, 97,335,651 barrels, at the close of the month. The number and value of building permits issued in 20 principal cities of the district during April declined from the seasonal peak of the previous month, and were in each case approximately 2 per cent below the figures reported for April, 1923. Restricted production programs have resulted in amodate decrease in employment in the dis- century representatives of the American Government, cooperating with the same and constructive elements in the respective countries, have— Made Cuba a free and independent nation and thrice restored order in the island republic. Put Panama on her feet following her revolt from Colombia, rendered the country sanitary and self-supporting; and the rehabilitation of her finances is now progressing under Warwick. Established a customs receivership in Haiti, that she may pay her debts; appointed a financial adviser who is untangling her finances; trained a native constabulary; perfected sanitation and aided in the drafting of a Haitian constitution. Practically the same things have been done in the Dominican Republic. Established a customs receivership in Nicaragua and created a high commission to see that Nicaraguan bonds are kept up. Now trying to straighten out the affairs of Honduras. Undertaken to adjust the affairs of the Guayaquil-Quito Railroad so intricably interwoven with those of Ecuador. Prevented Venezuela from falling a victim to European aggression by the Rooseveltian support of the Monroe Doctrine in 1903. Sent a naval mission to Brazil to modernize her navy. Established unconditional most favored nation treatment with that nation; cooperated through our Geological Survey and Department of Agriculture in developing Brazilian resources. Sent financial advisers to Peru, now working on her finances. Sent livestock and cotton experts to Argentina, the former successful in creating new markets. Completely reorganized and placed on a sound basis the financial and worth of more over half the value ports. Exports for tailed $2,046,000,000 less than 1923-24. For the ten mth April 30, 1922, be general tariff law and while the De force, we impress worth of merchandise 000,000 less than period ended April the 1922 period to or $542,000,000 less. It is quite apparent that there is not a noteworthy that make on the tariff the most general sire to face the a keen determinate. HUMORIST WRITTEN BETTER "Bugs" Baer, a paper humorist, has listed a series of ably merely intolerable But many of them with benefit to tha "Don't run up skids," contains an in tabloid form thinking with you a responsive chorus has had near-near the sight of the ping in a hurry. Comparison of April trade movements, particularly at retail, with those of a year ago, are rendered difficult by the difference in Easter dates of the two years and in some cases it has been necessary to consider the combined figures for March and April in order to ascertain the real trend. Sales of 35 reporting department stores for the two months were 6.1 per cent larger in 1924 than in 1923, and while stocks held this year are slightly larger than those held a year ago, the rate of stock turnover has been practically the same. Conflicting tendencies have persisted in the wholesale trade, a reflection of the cautious purchasing attitude of retail buyers and no definite buying trend is distinguishable. During April five of the 11 lines of business reporting to this bank showed increases in the value of their sales as compared with one month ago, and four of the 11 lines showed increases as compared with one year ago. The record of business failures for the district gives the following comparisons: Percentage Increase or decrease(-) April, 1924, compared with April, 1923 March, 1924 Number ..... 32.2 Liabilities ..... -16.3 Changes in prices of individual commodities have been numerous during recent weeks, but advances and declines owe been in approximate balance, and the general level of prices for the principal products of the district has been comparatively stable. For the United States the level of wholesale prices, according to the index number of the Bureau of Labor Statistics, stood at 148 in April, 1924; compared with 150 in March, 1924, and 159 in April, 1923. Bank credit for business and industrial enterprises of the district has continued abundant. Member banks were able April and early May to increase their total loans and investments while reducing their borrowings from the Federal Reserve FOREIGN TRADE TEN MONTHS ENDED APRIL Imports for the ten months period ended April 30 totaled $2,977,000,000, compared with $3,088,000,000 for the similar period of 1922-23, a decrease of $111,000,000. Exports increased from $3,320,000,000 to $3,670,000,000, the two periods compared, or $450,000,000. Exports for the month showed an increase of $7,500,000 over March and $22,000,000 over April 1923. In the resolution motion of Senator Massachusetts, co-textile industry, New England, there is asked among certain what are the importation of particular the extent been affected by per cotton cloth imports changes in the price cotton cloth will distance in stimulus restoring prosperity. Senator Walshe "changes in the per cotton cloth" incurred for obviously lower mean larger impaired modernize her navy. Established unconditional most favored nation treatment with that nation; cooperated through our Geological Survey and Department of Agriculture in developing Brazilian resources. Sent financial advisers to Peru, now working on her finances. Sent livestock and cotton experts to Argentina, the former successful in creating new markets. Completely reorganized and placed on a sound basis the financial and customs affairs of Colombia, as a result of which Colombia now has a banking system as good as our own and much like it. Recently succeeded in restoring diplomatic relations between Colombia and Panama after a severance of 21 years. Dissipated the bitterness engendered by the Panama Canal question. Brought Chile and Peru together to arbitrate the Taenna-Arica controversy with fair promise of a successful termination of a quarrel which for 40 years has threatened the entire South American continent. Helped to make the Pan American Conferences the most successful and constructive international meetings recorded in the history of the welcomed human race, and events earnestly In all these activities, and many more not listed, the United States has sought no unfair advantage and not one foot by way of territorial aggrandizement. Mexico is bankrupt—down and almost out. Her government evinces a desire to do the right thing, but she is so straightjacketed with debt and economic demoralization that she can not properly function. Without progress she is doomed. If Mexico should ask the United States to undertake for her what has been performed for others, we are amply prepared by past experiences for the work of restoring her to health. Our past record affords ample assurance of Mexico's future welfare in the event that we are asked to extend a helping hand. THE COTTO For the United States the level of wholesale prices, according to the index number of the Bureau of Labor Statistics, stood at 148 in April, 1924, compared with 150 in March, 1924, and 159 in April, 1923. Bank credit for business and industrial enterprises of the district has continued abundant. Member banks were able during April and early May to increase their total loans and investments while reducing their borrowings from the Federal Reserve Bank. Earning assets of the latter, which indicate the amount of Reserve Bank Credit in use in the district, have remained near the lowest levels of recent years. Interest rates, already low, tended downward during the month. The outbreak of foot and mouth disease of livestock in parts of the southern half of California, which treated serious injury to the livestock and allied industries of that state, is slowly being brought under control. Upon invitation of state authorities the Federal Government has assumed complete charge of eradication work, and has standardized eradication and quarantine measures. Modification of intra-state quarantines has been permitted wherever possible to do so without reducing the effectiveness of established methods for controlling the disease. It is anticipated that embargoes of other states against California products which authorities of the Federal Government certify as safe for shipment will soon be lifted. QUARTER CENTURY ACHIEVEMENT IN LATIN AMERICA Success of the United States in aiding other Latin-American Republics encourages the belief that similar aid could be rendered to Mexico, if invited. Within the past quarter of a FOREIGN TRADE TEN MONTHS ENDED APRIL Imports for the ten months period ended April 30 totaled $2,977,000,000, compared with $3,088,000,000 for the similar period of 1922-23, a decrease of $111,000,000. Exports increased from $3,320,000,000 to $3,670,000,000, the two periods compared, or $450,000,000. Exports for the month showed an increase of $7,500,000 over March and $22,000,000 over April 1923. Our balance of trade for the 1923-24 period was favorable by $693,000,-000, compared with $232,000,000 for 1922-23. That was in the exchange of products, merely. The aggregate of invisible balances such as tourist expenditures abroad, immigrant remittances, freight moneys paid foreign carriers, and capital moving abroad is not known, but it would make a material reduction in this favorable balance. The average rate of duty on all imports was a trifle over 15 per cent., or just about what it was under the Democratic law during its first year; while the rate on dutiable goods alone averaged about 36 per cent., or somewhat lower than under the Democratic law. Details are not yet available for the ten months, showing the character of imports, but for the nine months period ended March it appears that imports of crude materials fell from $1,070,000,00 for the 1922-23 to $897,-000,000 for the 1923-24 period; crude foodstuffs increased from $266,000,000 to $278,500,000; manufactured foods from $333,000,000 to $380,000,000; partly manufactured goods decreased from $511,000,000 to $507,000,000; and yholly manufactured goods increased from $528,000,000 to $570,000,000. For the ten months period ended April 30, 1914, we imported $1,572,00,- Col. Junnius Pritchard the Crofton Mutual entered into a scientific try-citrus combination special pens for labor on having one-fourth success of the entire great measure up of fertilizers. Mr. accurate and competent will be of extreme try. If the plan is apparent that Coca no stone unturned then citrus grown and Redlands dishook up the poultry. The modern roost by press agents. ANAHEIM GAZETTE 000 worth of merchandise, or a little over half the value of the 1923-24 imports. Exports for the 1914 period totaled $2,046,000,000, or $1,600,000,000 less than 1923-24. For the ten months period ended April 30, 1922, before the Republican general tariff law become effective, and while the Democratic law was in force, we imported $2,095,000,000 worth of merchandise. This was $882,-000,000 less than wor the ten months period ended April, 1924. Exports for the 1922 period totaled $3,128,000,000, or $542,000,000 less than in 1924. It is quite aparent from these figures that there is nothing prohibitive in the Republican tariff law; that imports are coming in in volume which should be satisfactory to the less greedy of the importing fraternity; and exports are showing good returns. The attempt of the Democrats to extract any political capital from such figures as these is futile, and it is noteworthy that any attacks they now make on the tariff law are couched in the most general terms with no desire to face the statistical facts, but a keen determination to avoid them. HUMORIST WRITES ROAD SIGNS BETTER THAN HE KNOWS "Bugs" Baer, a well known newspaper humorist, has written and published a series of "road signs," probably merely intended to entertain. But many of them might be erected with benefit to the safety of traffic. "Don't run up your mileage with skids," contains a lot of real caution in tabloid form. "Don't do your thinking with your brakes," will strike a responsive chord in every man who has had near-nervous prostration at the sight of the reckless driver stopping in a hurry. "There are three grades of cars, but only one grade." Learn Autos in Los Angeles EVERYWHERE In California auto men are wanted. Jobs open for trained mechanics, electricians, battery experts, machine shop men, tire men, shop foreman, garage managers. All earn big pay—$40 to $125 week. You can learn auto mechanics easily and quickly in our big training shops. No previous experience necessary. Any man, of any age can learn Tools and equipment FREE. Work furnished to earn room and board while learning. Only expense is low tuition. Write for BIIG, FREE. 84-PAGE ILLUSTRATED AUTO CATALOG Explains everything. National Automotive School Dept. 13 N. 4004 So. Figueroa Los Angeles, California Please send me absolutely free of charge, paypaid, your big illustrated 84-page Auto Catalog. NOTICE Pursuant to the written consent of the holders of more than two thirds of the issued capital stock of the Anaheim Sugar Company, a corporation duly organized and existing under the laws of the State of California, which consent has been duly filed in the office of said corporation in the county of Orange in said State, on the 3rd day of March, 1924, and pursuant to a resolution of the board of directors of raid corporation, which resolution was duly passed at a special meeting of said board of directors duly called and held at the said office of said corporation on the 17th day of April, 1924, at which meeting more than a quorum of the directors of said corporation was present: Notice is hereby given that the THE COTTON INDUSTRY In the resolution put through on motion of Senator David I. Walsh, of Massachusetts, concerning the cotton textile industry, nowLangulishing in New England, the Tariff Commission is asked, among other things, to ascertain what are the main reasons for the importation of cotton cloths, in particular the extent the industry has been affected by post-war increases in cotton cloth importations, or whether changes in the present tariff rates on cotton cloth will be of material assistance in stimulating production and restoring prosperity to the industry. Senator Walsh must mean by "changes in the present tariff rates on cotton cloth" increases in the rates, for, obviously lowered rates would mean larger importations. Yet what cent to $100,000 grade Motor transit service, g and other cities. All prices far below Get one of our agents t JOE WAGNER 120 N. Los Angeles St. Phone 368, Anaheim EDWARD STARK, Secretary of the Anaheim Sugar Company. (Corporate Seal.) the importation of cotton cloths, in particular the extent the industry has been affected by post-war increases in cotton cloth importations, or whether changes in the present tariff rates on cotton cloth will be of material assistance in stimulating production and restoring prosperity to the industry. Senator Walsh must mean by "changes in the present tariff rates on cotton cloth" increases in the rates, for obviously lowered rates would mean larger importations. Yet what license has the Senator to concern himself in favor of raising the tariff on such products. He is a Democrat and he voted against the tariff law. His party advocates low duties, and is opposed to protection. The answer is, of course, that Senator Walsh is up for reelection this year, so Democratic tariff principles which are opposed to prosperity in the cotton textile industry, must be set aside until after the election. That is a sample of the easy conscience of Democratic Congressmen. Col. Junnius Pierce, a member of the Crofton Mutual Orchards, has entered into a scientific trial of the poultry-citrus combination. He has built special pens for his flocks and plans on having one-fowl to each tree. The success of the enterprise depends in great measure upon the preservation of fertilizers. Mr. Pierce is keeping accurate and complete records which will be of extreme value to the industry. If the plan is a success—and it is apparent that Col. Pierce is leaving no stone unturned to make it such—then citrus growers in the Crafton and Redlands districts will probably hook up the poultry-citrus combination. The modern road to fame is built by press agents. NO OPERATIONS! NO MEDICINE WHY CHIROPRACTIC? BECAUSE—It is founded on facts. BECAUSE—It removes the cause of your disease instead of treating the effects. BECAUSE—Pressure on nerves is the cause of all sickness. BECAUSE—It is conceded to be the most effective health system known. BECAUSE—Over fifty insurance companies are now approving it. BECAUSE—Chiropractic teaches Health, "Not Disease." BECAUSE—Chiropractic restores Health without drugs, medicine or operations. BECAUSE—An analysis of your spine will reveal the true condition of your health. BECAUSE—Chiropractic will make you well when all other methods fail. Dr. Joseph H. Cole 6 Years Successful Practice in Office Hours 10 a.m. to 8 p.m. Phone 845. 250 E. The most Centrally Located Ground Floor Office in twood Home Tract A Beautiful New Development of Richfield in line S. F. Railroad, two main artery boulevards, acre tracts, gas, lights, water and streets. Adja- $100,000 graded school, store, shops, garage, etc. ransit service, good train service to Los Angeles er cities. prices far below real value. Seeing is believing. $100,000 graded school, store, shops, garage, etc. transit service, good train service to Los Angeles cities. prices far below real value. Seeing is believing. of our agents to show you this property WAGNER Los Angeles St. 8, Anaheim C. E. McFADDEN Phone 25-W Placentia D NOT BE SICK! and Where Your Troubles are Without Asking a Question HEALTH QUESTIONS and Their Answers QUESTIONS and Their Answers ONS! NO MEDICINE! NO DRUGS! ANTIC? WHY COLEMAN? BECAUSE—Of his superior system of vertebral adjustments. BECAUSE—Of his six years' practice in Los Angeles, where he was one of the most prominent chiropractors. BECAUSE—He has thousands of satisfied patients. BECAUSE—He is a graduate of the noted Ratledge School of Chiropractic having the very highest of standards. BECAUSE—Each patient receives his personal attention. No one is employed to adjust his patients. BECAUSE—Of his gentle adjustments. BECAUSE—He has the most modern office and X-Ray laboratory in Orange County, with individual rest rooms. BECAUSE—His rates are reasonable including complete X-Ray of your back FREE with course of adjustments. H. Coleman, Chiropractor Successful Practice in Los Angeles. n. Phone 845. 250 E. Center St. Ground floor Anaheim and Floor Office in Anaheim