anaheim-gazette 1938-01-06

Bank of America Establishes Mark All time high marks in deposits, total resources and capital funds of Bank of America at December, 1937, have placed the institution on a higher footing even than in 1929. A year-end statement of condition just released shows that on December 31, 1937, capital funds stood at a total of $109,104,000, highest mark in the 33-year history of the bank, and an increase from $105,024,000 at the beginning of the year. This, it is stated, means that all capital funds which were called upon for absorption of depression losses have been reinstated, without the issuance of any new stock. On December 31: Bank of America deposits reached the historic mark of $1,357,000,000, an increase of $58,402,000 over the record of 1936, earnings totaled $19,203,000, equal to $4.80 a share, and dividends paid out amounted to $8,800,000 ten percent higher than the year before. There also was a special Christmas distribution of $400,000 to employees. Four million eighty thousand dollars was added to surplus and undivided profits after provision of $3,277,000 reserves for depreciation on banking premises, amortization of bond premiums, etc., and $2,646,000 reserves set apart to reduce carrying value of assets. Total resources of the bank maintained an upward and now stand at the new high of $1,493,373,000, a gain of 4.40 percent for the year. Loans made by the bank also increased $98,592,000 over the December 31, 1936, total. During 1937 the number of California hunters and fishermen turned out in record numbers to test their skill with rod and gun during 1937, according to a survey made by the outing bureau of the Automobile Club of Southern California. The club department experienced a 70 per cent increase in inquiries over 1936. Nimrods established a record deer kill with 31,890 bucks reported taken in the state. Quail hunters had fair luck although a storm in mid-season scattered the birds and slowed down shooting. Doves were plentiful, but rains interfered with pigeon hunting. Although duck season was a disappointment a total of 44,570 "duck stamps" were sold in California, according to the United States bureau of biological survey. The short pheasant season brought only fair returns as hunters reported that hens outnumbered cocks by about 10 to one. As a result of heavy snows and subsequent strong run-off, good trout fishing lagged far behind season openings and early vacationists did not catch many limits. Later in the season, however, fishing was fine in the mountain back-country. Ocean fishing was late and generally spotty. Yellowtail and tuna catches were poor, but marlin were striking with regularity. From mid-summer on, the usual run of barge and live-bait fishing was good, the automobile club survey revealed. Sportsmen Have Successful Year California hunters and fishermen turned out in record numbers to test their skill with rod and gun during 1937, according to a survey made by the outing bureau of the Automobile Club of Southern California. The club department experienced a 70 per cent increase in inquiries over 1936. Nimrods established a record deer kill with 31,890 bucks reported taken in the state. Quail hunters had fair luck although a storm in mid-season scattered the birds and slowed down shooting. Doves were plentiful, but rains interfered with pigeon hunting. Although duck season was a disappointment a total of 44,570 "duck stamps" were sold in California, according to the United States bureau of biological survey. The short pheasant season brought only fair returns as hunters reported that hens outnumbered cocks by about 10 to one. As a result of heavy snows and subsequent strong run-off, good trout fishing lagged far behind season openings and early vacationists did not catch many limits. Later in the season, however, fishing was fine in the mountain back-country. Ocean fishing was late and generally spotty. Yellowtail and tuna catches were poor, but marlin were striking with regularity. From mid-summer on, the usual run of barge and live-bait fishing was good, the automobile club survey revealed. Schools Use Big Share of Income on banking premises, amortization of bond premiums, etc., and $2,646,000 reserves set apart to reduce carrying value of assets. Total resources of the bank maintained an upward and now stand at the new high of $1,493,373,000, a gain of 4.40 percent for the year. Loans made by the bank also increased $98,592,000 over the December 31, 1936, total. During 1937 the number of Bank of America branches in California rose to 491, serving 306 communities. Sixteen new branches had been added, extending the services of the bank to 12 new communities and augmenting facilities in metropolitan centers. Science Building Is Given to S. C. Gift of a completely equipped building for scientific research in zoology, botany and related fields, to the University of Southern California by Captain Allan Hancock, was announced recently by President Rufus B. von KleinSmid. Known as the Allan Hancock Foundation for Scientific Research with the building plans to begin immediately for the Trojan campus, the purposes of the gift are threefold. They include laboratories for scientists and students in the study of the many thousands of specimens collected on the six Allan Hancock Pacific expeditions; dissemination of results of research activities through publications, motion pictures, and lectures; and the building itself. S. C. has just completed the twelfth of a series of reports on various phases of the Hancock collection. Production Credit Association Meets John W. Crill, president of the Orange County Production Credit association, announced today the fourth annual membership meeting will be held Monday, January 24, at Garden Grove high school auditorium. The board of directors of the association is composed of John W. Crill, president; Vernon C. Heil, vice president; Smeltzer; Walter Pollard, Tustin; A. F. Schroeder, Orange, and John J. Dwyer, Anaheim. The three-year term of Crill on the board will ex- Ocean fishing was late and generally spotty. Yellowtail and tuna catches were poor, but marlin were striking with regularity. From mid-summer on, the usual run of barge and live-bait fishing was good, the automobile club survey revealed. Schools Use Big Share of Income What becomes of California's sales tax revenue? Most of it goes to meet the cost of California's public educational system, according to Ray Edgar, member of the state board of equalization, which administers the tax. "The average cost of educating a grammar school pupil for a year, based on average daily attendance, is a little more than $90," Edgar said. "Of this amount $60 is contributed by the state from the general fund, which derives the bulk of its income from proceeds of the sales tax. The balance is raised by taxation of property in the individual school district." "The sum of $90 is contributed by the state for each student attending high school. "Approximately two-thirds of the cost for grammar and high school education is met by the state which depends upon the sales tax revenue to meet this cost. Appropriations for junior colleges, teachers' colleges, special schools and the two state universities also come from the general fund. "After the state's public educational needs have been met from the general fund, appropriations for other departments of the state are taken from it. "The sales tax therefore is not only providing the major revenue for education but also for other departments of the state. It is a leading factor in reducing the state's deficit, paving the way for a balanced budget." Santa Fe will Run Special Race Train A special Santa Fe Railway train will be operated each Sunday between Los Angeles and San Ysidro to accommodate passengers who wish to visit the racetrack at Agua Caliente, it was announced today by J. B. Duffy, assistant passenger traffic manager. Santa Fe will Run Special Race Train A special Santa Fe Railway train will be operated each Sunday between Los Angeles and San Ysidro to accommodate passengers who wish to visit the racetrack at Agua Caliente, it was announced today by J. B. Duffy, assistant passenger traffic manager. The special will leave Los Angeles Sunday at 9:10 o'clock arrive in San Diego at 12:15 o'clock, leave there 15 minutes later and arrive at San Ysidro at 1:05 o'clock, Duffy said. On the return trip, the special train will leave San Ysidro 30 minutes after the last race bound for San Diego and Los Angeles. Dining car service will be available on this train, Duffy said. Greyhounds Return to Polo Contests The Greyhounds have returned to the polo fields to play in the Brandeis tournament, starting Sunday afternoon at the Riviera turf. The original line-up remains practically intact. Big Boy Williams plays the pivot again and E. John Brandeis will again hold down No. 2 position. Will love him, and we will come unto him, and make our abode with him. Among the correlative passages from "Science and Health with Key to the Scriptures," by Mary Baker Eddy, is the statement: "To keep the commandments of our Master and follow his example, is our proper debt to him and the only worthy evidence of our gratitude for all that he has done." ANAHEIM GAZETTE WEST CENTER AT PALM ST. EAST CENTER AT EMILY ST. Limit Rights Reserved ALPHA BETA "OWNED AND OPERATED BY THOSE WHO SERVE" LOWER PRICES — SMASHING REDUCTIONS LOOK OVER THE PRICES IN OUR FIRST 1938 ADVERTISEMENT Same HIGH Quality—Same FINE Merchandise—But New LOW Price SHRIMP CORN PEACHES PRUNES CHERRIES HUMPTY DUMPTY BUTTER KERNEL SLICED OR HALVES SUN RICH OREGON RED SOUR PITTED No. 1 can No. 2 can No. 2½ can No. 2½ can No. 2 can 12½¢ Each Your Choice! TUNA COCOA PEARS APRICOTS SARDINES GOLDEN STRAND OUR MOTHER'S PIRE ARROW COMPOTE WHOLE UNPEELED TINY TOT No. can No. can No. can No. can EL MONTE SOLID PACK TOMATOES 2 No. 2½ cans 25¢ GUA CALIENTE — Price .145 Tax .005 GINGER ALE 2 large bottle 15¢ LOBE A-1 TLOUR 24½-lb. bag 86¢ No. 10 bag 38¢ BUTTER SOLID POUND 35¼¢ COFFEE CUP COFFEE GROUND WHILE YOU WAIT LB. 1 THE GOODNESS IS LOCKED IN SNOWDRIFT 3 lb. can 5 IRIS-DRIP-SILEX-PERCULATOR COFFEE 2-lb. jar 50¢ 1-lb. jar 2 OLEO GOLDEN WEST 2 lbs. 2 LOBE A-1 GINGER ALE 2 large bottle 15¢ GLOBE A-1 TLOUR 24½-lb. bag 86¢ No. 10 bag 38¢ BUTTER SOLID POUND 35½¢ GLOBE A-1 BISCUIT FLOUR large pkg. 23¢ STRING BEANS PINEAPPLE BROKEN SLICES HOMINY BURBANK TOMATO JUICE CAMP-BELLS OLD DUTCH CLEANSER Pr. .063 Tax .002 can FOOD QUALITY CORNED BEEF 12-oz. can 15¢ ANNEL KING — Price .165 Tax .005 DOG FOOD 3 1-lb. cans 17¢ OTCH GRAN. — Pr. .223 Tax .007 White King 30-oz. Water Softener pkg. 17¢ ERNATION (OUR VERY BEST) ROOM Price .864 Tax .026 each 89¢ ENCH BIRD SEED Price .106 Tax .004 pkg. 11¢ ASPARAGUS TIPS PINEAPPLE JUICE No. 2 can COCKTAIL RICH RIPE FRUIT No. 2 can PEAS UTAH EARLY JUNE CLEANER Pr. .07 Tax .003 reg. pkg. SNOWDRIFT 3 lb. can 5¢ IRIS-DRIP-SILEX-PERCULATOR COFFEE 2-lb. jar 50¢ 1-lb. jar 2¢ OLEO GOLDEN WEST 2 lbs. 2¢ SUN RICH PUMPKIN SOLID PACK No. 21½ can TOMATOES MARIPOSA No. ca PORK & BEANS GIBB'S 23·ca PRUNE JUICE HEARTS DELIGHT 12·ca PEAS & CARROTS G.H. STARCH ARGO GLOSS Pr. .063 Tax .002 FRESH BULK (BRING CONTAINER) PEANUT BUTTER lb. 9¢ GOLD MEDAL SUN-VITE MACARONI OR SPAGHETTI 1-lb. cello pkg. 1¢ MILLER'S CORN FLAKES 2 pkgs. 1¢ TAYLOR'S NEW POTATOES 2 No. 2 cans 1¢ LESLIE'S SALT PLAIN OR IDOIZED 2-lb. pkg. 10℃ Each. Your Choice! CORN FIGS OLIVES SAL SODA BLEACH QUICK OR REGULAR QUAKER OATS large pkg. 1¢ CHANDU OR MISSION BELL — Price .126 Tax .004 COCKTAIL FRUIT UTAH No. 2 can PEAS UTAH EARLY JUNE can reg. pkg. OAKITE CLEANER Pr. .07 Tax .003 BETTER BEST—SODA OR GRAHAMS 2-lb. pkg. 25¢ LETEN TO JOE PENNER KNX COCOMALT 1-lb. can 37¢ ST RITE — Price .145 Tax .005 WAX PAPER small roll 6¢ IVORY-JADE-ORCHID—Price .145 Tax .005 TOILET TISSUE 4 rolls 15¢ MISS FOOD DRINK DVALTINE 6-oz. can 33¢ 14-oz. can 59¢ CORN IOWA SWEET No. 2 can THOMINY BURBANK No. 2½ can KIDNEY BEANS GOLDEN HARVEST No. 2 can APPLE SAUCE No. 2 can PINEAPPLE JUICE 12-oz. can 7½ c Each Your Choice! TOMATOES VAL VITA No. 2½ can PORK & BEANS NO. 2½ can JUICE LIBBY'S TOMATO No. can LIMA BEANS GOLDEN HARVEST No. can OLIVES BOLIVAR LARGE RIPE buc ca PHIA BETA'S BEST LOUR GUARANTEED TO PLEASE 24½-lb. bag 79¢ GGS Large Extras doz. 26¢ SNOW-WHITE (Price .097 Tax .003) M'MALLOWS 1-lb. cello pkg. 1£ PRUNES 2-lb. pkg. med. 10¢ BETA FOOD MARKETS Friday and Saturday January 7-8 PRODUCTIONS NEW LOW Prices GOLDEN STRAND No. ½ can OUR MOTHER'S 2-lb. pkg. PIRE ARROW COMPOTE No. 2½ can WHOLE UNPEELED No. 2½ can TINY TOT No. ½ can WHILE AIT lb. 15¢ 3 lb. can 50¢ 50¢ 1-lb. jar 26¢ 2 lbs. 27¢ MEAT SPECIALS! MONEY SAVING VALUES MADE POSSIBLE BY OUR PRODUCER TO CONSUMER — Ranch to you System. GRAIN-FED MEATS FANCY QUALITY—Cudahy's - Hormel's - Cello pack SLICED BACON ½-1lb. pkg. ca. 15¢ SPECIAL REG. CUTS OF ALPHA BETA FANCY BEEF STEAK PRIME RIB STEAK SIRLOIN STEAK lb. 29¢ BEST CUTS—Grain Fed Beef SHOULDER ROASTS lb. 25¢ YOUR CHOICE BEST QUALITY SKINNED HAMS HAMS Cudahy's Hormel's EITHER END or WHOLE HAMS lb. 25½¢ FANCY RIB OR LOIN CUTS PORK CHOPS lb. 27¼¢ FINEST HOME-MADE KETTLE RENDERED 3 lb. can 50¢ 50¢ 1-lb. jar 26¢ 2 lbs. 27¢ SOLID No. 21. PACK can 9¢ MARIPOSA No. 2 BEANS Gibb's 23 oz. ICE HEARTS 12 oz. ARROTS G. H. ARGO GLOSS 12 oz. Pr. .063 Tax .002 pkg. TTER lb. 9¼¢ OR MAGHETTI 1-lb. cello pkg. 12¢ ES 2 pkgs. 11¢ 2 No. 2 cans 15¢ 2-lb. pkg. 7¢ CEDAR FALLS No. 2 GOLDEN AMITA BREAKFAST No. 1 tall BOPACO RIPE No. 1 tall Pr. .097 Tax .0063 pkg. LOE'S (inc. bot. dep.) quart Pr. .097 Tax .003 bottle TS large pkg. 18¢ YOUR CHOICE BEST QUALITY SKINNED HAMS HAMS Cudahy's Hormel's EITHER END or WHOLE HAMS lb. 25½¢ FANCY RIB OR LOIN CUTS PORK CHOPS lb. 27½¢ FINEST HOME-MADE KETTLE RENDERED PURE LARD lb. 10¢ DELICIOUS - SWEET - TENDER—EITHER END CUT PORK LEG ROASTs lb. 21¢ CUDAHY'S GOLD COIN SLICED — cello pkg. BREAKFAST BACON ½-lb. pkg. 16¢ STEWING BEEF SHORT RIBS lb. 12½¢ BOILING BEEF LAMB STEW CUDAHY'S EVERYREADY PICNIC HAMS lb. 21¢ FANCY — SKINLESS—Home Made WIENERS DELICIOUS WHOLESOME lb. 17½¢ COUNTRY STYLE SAUSAGE lb. 25¢ PORK LOIN ROAST lb. 25¢ FRUITS & VEGETABLES GOLDEN RIPE BANANAS 3 lbs. 10¢ FANCY LARGE IMPERIAL FRUITS & VEGETABLES GOLDEN RIPE BANANAS 3 lbs. 10¢ FANCY LARGE IMPERIAL GRAPEFRUIT 5 for 10¢ IDAHO RUSSETTS U.S. NO. 1 POTATOES 15 lb. 29¢ Mesh Bag FANCY SUGAR PEAS lb. 5¢ CALOVO AVACADOS each 5¢ Fancy Watsonville Newton Pinnin APPLES 10 lbs. 25¢ FINE QUALITY — (MESH BAG) FOR NAVEL ORANGES 25¢ FANCY LARGE UTAH TYPE CELERY 2 stalks 9¢