oc-plain-dealer 1924-10-15

STRENGTH SHOWN BY INDUSTRIALS NEW YORK, Oct. 15.—Industrial stocks made such a strong resistance to selling pressure today that the bears changed their tactics and instituted a hasty covering movement in the course of which many stocks retraced their way to higher prices. This did not occur, however, until the conclusion of another sharp drive against the market, in which prices of active industrial leaders declined to the level of Tuesday's low and in some cases, notably that of Baldwin Loco, to lower prices than any recorded yesterday. The better grade of independent oil company stocks were the first to attract aggressive buying, reflecting the improvement that has recently come into the oil industry by reason of the decline in crude oil production and the discontinuance. Production and the discontinuance of the pro-rating to the pools of important producers. High priced oils in the curb and unlisted market have moved up 10 to 20 points on these developments in the last few days and the technical situation in oil stocks, which have not shared in the advance in stock prices since the middle of May, makes them attractive to traders, who are bullish for the long pull in oil securities. Compared with yesterday's low price, stocks like Marland, Producers and Refiners, Phillips and the Standard Oils, were up from 1 to 2½ points. Pre-election hesitancy, which has been credited with having caused most of the irregularity in the stock market in the last few weeks was blamed for the decline in forward orders in prominent industries today. The Iron Age reports that, with the exception of the railroad companies, important buyers of steel are holding off on plates, shapes and bars and "the change in operating of steel mills is looked for the few weeks just ahead." Steel stocks regained most of their lost ground in fairly active trading today, the demand for Gulf States Steel being particularly brisk; U. S. Steel was one of the leaders in the rally in prices in the fourth hour, but did not reach the best price record before Tuesday's sharp decline. Mack Trucks featured the motor stocks with the rise of 2 points to 96%; but Studebaker failed to gain and General Motors was inactive around 56. The northwestern rails, Great Northern and Northern Pacific, were inclined to be irregular, their losses being confined to less than one point. Lehigh Valley regained a part of yesterday's loss and New York Central was active and strong. Railroad stocks are awaiting the announcement of the outcome of the latest conference of railroad presidents with the Interstate Commerce Commission. Stock sales today 905,300 shares, bond $13,919,000. FOREIGN EXCHANGE NEW YORK, Oct. 15.—Great Britain demand 4.49%; cables 4.49%; France demand 5.21%; cables 5.22.; Belgium demand 4.80%; cables 4.81.; Switzerland demand 19.18; cables 19.20; Italy demand 4.36%; cables 4.36%; Sweden demand 26.57; cables 26.61; Norway demand 14.08; cables 14.12; Denmark demand 17.20; cables 17.24; Garman marks 23.80; Greek demand and cables 1.74. Edison Has Longer Power Franchise By J. W. PRICE, City Managers In order to avoid confusion in the minds of the people that the public may know Edison Co. holds a franchise the city of Anaheim to furnish energy for heat and power. This franchise holds for a period of over 25 years. So phase of the situation does effect our industrial expansion as any industry will be mitten to buy current from city or from the Edison Co they see fit. In fact, it will induce industries to lose where there is a chance for rate rates. S. Calif., cities that show highest rate of increase in dustries are those that have municipal plants. Such cities are Los Angeles, Pasadena Riverside. LOS ANGELES CITRUS LOS ANGELES, Oct. 15. anges: Southern special bus large and medium sizes $6.00; $6.50; 200s and smaller $5.00; $6.00; market pack $3.25; $8.75. Lemons: special brands @ $8; choice @ $4.50.Offer: local special brands @ $5.25; market pack $3.75. CLOSING LIBERTY BONDS NEW YORK, Oct. 15.-and one halfs 100.26; first 102.8; second 4½ s 101.13; fourth 4½ s 102.10; fourth 4½ s 102.10. ALPHA BETA STORE ALPHA BETA STORE THE BEST FOR LESS GROCERY BUYING MADE EASY — Money Saved by A. B. C. "Help Yourself Service" Economy Market Day Specials LUCKY? Bring in your Lucky Numbers and get our BestBroomFree FREE Electric Percolator to Coffee Buyers. Enqhire. 9 Cup Electric Percolator White Laundry SOAP PalmOlive Soap Co's. 7bars25c BUTTER Delta brand, fresh churned lb. 42c Orange County Sugar, 10 lbs. 78c With $1.00 or more of Groceries Fancy Honduras RICE, 3 Ibs. 25c Reg. 2 for 25c Rice KEY-MAR CORN, 2 cans 25c Royal Red PEAS, 2 cans 25c PINK BEANS, Fancy Northern, 3 lbs. ..... 25c Grandma's 10 oz. Jams, Glass 15c Try a few 14c Sandwich Spread DELICIA ... 10c Limit 2 to a customer MILK M. & M., Borden's Federal Alpine PINK BEANS, Fancy Northern, 3 lbs. 25c Grandma's 10 oz. Jams, Glass 15c Try a few 14c Sandwich Spread DELICIA . . . 10c Limit 2 to a customer MILK M. & M., Borden's Federal, Alpine Libby's, Carnation Large doz. $1.15 FREE Sheet Music with Gold Dust Cleanser can 7½C SILVERDALE 2¼s TOMATOES 2 for 25c VAN CAMP'S SOUPS 3 for 25c Special Hallowe'en Candies RED AND ORANGE Beans ON SALE Per lb 20c HILLSDALE 2s PINEAPPLE 2 for 35c JERSEY CORN FLAKES 2 for 15c VEGETABLE DEPT. Fancy Idaho Russets, 10 lbs. for 25c, or per cwt. $2.15 Yellow Cling Stone Peaches, per lug 50c; or 8 lbs. for 25c Apples; 6 lbs. for 25c; or per box $1.49 Nice Yellow Quinces, per pound 50c Gerrard Bros. & Hanson 249 E. CENTER ST (Food Market) PHONE 297 THE PLAIN DEALER, ANAHEIM, CALIF. EDISON Has Long Power Franchise J. W. PRICE, City Manager In order to avoid confusion the minds of the people and the public may know the Edison Co. holds a franchise in the city of Anaheim to furnish energy for heat and power. Its franchise holds for a period of over 25 years. So this issue of the situation does not affect our industrial expansion any industry will be permitted to buy current from the city or from the Edison Co., as they see fit. In fact, it will give Edison competition and will induce industries to locate there is a chance for better rates. S. Califf, cities that show the highest rate of increase in industries are those that have municipal plants. Such cities in Los Angeles, Pasadena and riverside. LOS ANGELES CITRUS OS ANGELES, Oct. 15.—Ors: Southern special brands, large and medium sizes $6.00 @ 10; 200s and smaller $5.75 @ 10; market pack $3.25 @ 15. Emons: special brands $4.59 @ 15; choice $4 @ $4.50. Grape-net: local special brands, $4.75 @ 15.25; market pack $3.00 @ 15. CLOSING LIBERTY BONDS NEW YORK, Oct. 15.—Three one-halfs 100.26; first 4½s 8; second 4½s 101.12; third 102.1; fourth 4½s 102.10. New 101.10. GRAIN CLOSES HIGHER CHICAGO, Oct. 15.—The grain market moved rapidly into higher ground in the closing hours of trading today when the first good buying developed and closed strong. Wheat finished 4⅛ to 4⅝ higher. Corn finished 1⅜ to 1⅝ up. Oats finished 1⅝ to 1⅝ higher. The upturn came after a day of light trading, dealers appearing to be awaiting developments before committing themselves heavily. The undertone of the market was strong throughout, however, and it rose buoyantly when buying. Influenced possibly by strength at Winnipeg, entered the pit. Fear of a break after yesterday's sharp advance was a factor in halting early buying. Corn acted like wheat, but the buying in this grain when it came was more impressive. Oats held firm throughout the session, the higher prices at the opening being held by a broader and more active trade and general commission house buying. Hedging reassure was lighter. Provisions were higher with good buying. GRAINS OPEN LOWER CHICAGO, Oct. 15.—Grains opened generally lower except for oats today. Wheat statred % to % lower with scattered selling on disappointing cables. Buying by houses with eastern and foreign connections was apparent soon after the start, however, and prices firmed up. Corn started % to % lower largely as a result of local selling. Some buying developed on the break. Oats started % to % higher with buying by commission houses and offerings limited. Provisions started steady to a shade higher with trade light. COTTON OPENS STEADY NEW YORK, Oct. 15.—The cotton market was steady at the COTTON OPENS STEADY NEW YORK, Oct. 15. The cotton market was steady at the opening today with the first prices six to 12 points higher, Oct. opened at 23.30, up 12; Dec. at 22.33, up six and Jan. at 22.6, up 6 points. The market was steady at the close today, with final prices two to six points lower. Spot cotton was 5 points lower with middling uplands $3.40. METAL MARKET NEW YORK, Oct. 15. Copper steady: all positions offered at 13 @ 15. Lead steady: all positions offered at 8.15. Zinc quiet: all positions offered at 6.25 @ 6.25. Antimony was quoted at 11%. BANK CLEARINGS San Francisco ... $39,500,000 Seattle ... 9,626,886 Portland ... 9,731,598 Oakland ... 3,188,000 San Diego ... 1,368,958 Los Angeles ... 33,149,781 LOS ANGELES PRODUCE LOS ANGELES, Oct. 15. Butter 42; Eggs: extras, 57; case count 47; pullets 46. Poultry: Hens 20; broilers 35; fryers 25. Hares: Unchanged. LOS ANGELES POTATOES LOS ANGELES, Oct. 15. Potatoes: Stockton Burbanks $1.80 @ $2.10; Idaho russets best $1.90 @ $2.15. COURTHOUSE DOINGS The entire estate of Henry Evans, Garden Grove rancher who died Oct. 8, valued at $38,000, has been willed to a niece living at Kent, England, according to a petition to probate the will, filed in superior court today by Dr. C. C. Violett of Garden Grove Mrs. Kathleen R. Hosgood was named as the sole beneficiary. The bulk of the estate consists of a 40-acre ranch near Garden Grove. The widow, Mrs. Elizabeth Carriker and two sons, Floyd and George, all of Orange, share the $6850 estate of the late E. E. Carriker of Orange, according to a will probate of which was asked today. 180 Yards 27 inch "Gros-de-Laudre" Harding 174 Yards 36-inch In the following color range: Lilac, Scarlet Blue and Pheasant. OTHER LINES of High Grade Silk SILKS ON S 60 x 80 Japanese Table Cloths, $1.00—Choice quality and patterns; greatly unpriced for Dollar Day. Special Purchase Rag Rugs, $1. Large size; regular price $1.50. A larger Day Headliner. ATTENTION MEN! ONE DOLLAR OFF Any Fibre Silk Shirt in stock. Many new chic patterns to choose from. IN RESPONSE TO POPULAR REQUEST 200 WOMEN'S Pumps and Oxfordes, $1.00—A SENSATIONALLY LOW PRICE Included are Satin, Suede, Patent and Kid. C early. We can fit you. Men's Ties, 2 for $1.00—Wonderful values; good patterns in silk wool and silk knit. CAMBRIC FINISH, 36 INCH Bleached Muslin, 6 yards for $1. Fine, soft finish; will wear well. Extra specs 22 x 44 Turkish Towels, 2 for $1.00—Heavy weight in blue and pink boro Sold regularly for much more. Special Dollar Day only. BROKEN LINES Boy's Sweaters, $1.00— The widow, Mrs. Elizabeth Carriker and two sons, Floyd and George, all of Orange, share the $6650 estate of the late E. E. Carriker of Orange, according to a will probate of which was asked today. Arrested on a charge of speeding, John L. Buker of Los Angeles, disabled veteran, was given the opportunity to fix his own sentence when he appeared before Justice Jack Landell at Santa Ana today. That is, he was given the privilege of paying a fine of $40 or spending five days in jail. He chose the $40 payment. Called before supervisors late yesterday, after which it went into executive session, the newly-appointed county harbor commission elected H. A. Lake of Garden Grove president. The new commission meets at Newport Harbor Yacht club next Saturday noon, after which it will tour the harbor. Each registered voter should have received sample ballots for the November election by tomorrow noon, County Clerk J. M. Backs declared today. Charged with reckless driving on Chapman-ave, Orange, after his car had collided with one containing two Mexicans, one of whom was injured, Charles Lawrence of Los Angeles was at liberty today under $50 bail, pending preliminary hearing before Justice Jack Landell Oct. 25. DENY HOYT TRADE NEW YORK, Oct. 15 — Denial of the reported trade between the New York Yankees and St. Louis Browns involving Walt Hoyt and Urban Shocker was made today by Edward G. Barrow, business manager of the local club. "We are mildly interested in Shocker," Barrow said, "but not to the extent of giving up Hoyt for him. Perhaps a trade might be arranged on another basis, however." WEDNESDAY, OCTOBER 15, 1924 THE S. Q. R. STORE INCING MANY PRICE ATTRACTIONS FOR SDAY, OCTOBER 16th Dollar Day GAINS another Great Silk Value 500 Yards of High-Grade Silk at "Gros-de-Laudre" Silk, shown in Burgundy, Navy and Harding Blue Yards 36-inch Kord Satin range: Lilac, Scareb, Fairway Green, Tan, Coral, issant. High Grade Silks will also be included in this selling. 500 Yards of High-Grade Silk at "Gros-de-Laudre" Silk, shown in Burgundy, Navy and Harding Blue Yards 36-inch Kord Satin range: Lilac, Scareb, Fairway Green, Tan, Coral, usant. High Grade Silks will also be included in this selling. SILKS ON SALE at 9 a.m. Cloths, $1.00— and patterns; greatly underDay. Rag Rugs, $1.00 regular price $1.50. A Dolr. MEN: DOLLAR OFF in stock. Many new choice POPULAR REQUEST WOMEN'S ords, $1.00— ALLY LOW PRICE de, Patent and Kid. Come or $1.00— tes; good patterns in silk or it. FINISH, 36 INCH , 6 yards for $1.00 wear well. Extra special. els, 2 for $1.00 in blue and pink border. or much more. Special for $1.00— Broken Lines Corsets, $1.00— Sensationally low. Corsets that have been selling in our regular stock for dollars, and dollars higher; but they are discontinued lines. Infant's Pillows, $1.00— Pink and Blue, sateen covered; filled with high grade "Kopok"; specially priced. Boy's Union Suits, $1.00— —Winter weight, long sleeves, ankle length.. $1.35 value. Special for Dollar Day only. A SPECIAL LOT OF Men's Work Gloves, $1.00— (One day only.) Wrist and gauntlet styles. All leather, standard makes. Ladies' Outing Gowns, $1.00— A popular item greatly underpriced; of good quality outing; attractively trimmed; sizes 16, 17, 18 and 19. Infant's Crib Blankets, $1.00— Dainty patterns of blue and white, and pink and white. Special for Dollar Day. Boy's Wool Knickers, $1.00— All sizes; in good serviceable materials for school or play; very special; Dollar Day only. 60 PAIR Boy's "Scout" Shoes, $1.00— All leather; for hard wear; sizes 12 to 2; 2½ to 5. Priced unusually low. Boy’s Wool Knickers, $1.00— All sizes; in good serviceable materials for school or play; very special; Dollar Day only. 60 PAIR Boy’s “Scout” Shoes, $1.00— All leather; for hard wear; sizes 12 to 2; 2½ to 5.. Priced unusually low. Ladies’ Brassieres, $1.00— —A very special value in a variety of models to choose from. Sizes 34 to 46. LADIES' CREPE AND MUSLIN BLOOMERS, $1.00— —Shown in pink, white, lavender, peach and yellow. Specially priced for Dollar Day. CHILDREN'S WINTER WEIGHT Undershirts and Drawers, $1.00— Fleece lined. Very special. 2 for $1.00. Girl’s Winter Union Suits, $1.00— —Fleeced lined; long sleeves, ankle length; greatly underpriced. Dollar Day only. Girl’s Knit Bloomers, $1.00— —Pink only. Elastic band; underpriced for Dollar Day. 2 pair for $1.00. Men’s Silk faced Sox, 3 pr. $1.00— —"Luxite" brand, all sizes, shown in navy, grey and black; very special for Dollar Day. S. Q. R. Store - Anaheim California