.f-
of
1 . :
Thm New 03EG0N STATESMAN, SaJenC Oregon, Thursday Mornlnjr, April 4, 1929 "
PAGE NINE
STOCK fflKET
Forward Trend is Checked
by Ahnounwment bf Afc j
' ; toiney General t4'zl
- .. . . . - -- -- . .
NEW TORKr April 3. (AP)
The stock market hu grown-so
nenrou of late, what with the Tie-
and the ensuing controrersiee orer
credit, that a little had news mix
ed with the good today waa suffi
cient te check a forward tread of
considerable proportion and tarn
the general market .reactionary, f
The bad news was the opinion
f Attorney General Mitchell that
the federal oil eonserration board
bad bo authority- to grant. the
American -retroieusi dhhuh un-
munity under the Sherman anti
trust law In Its crude production
control plan. Oil shares were-heary
from the start on rumors that such
an opinion was forthcoming, but
.when it was officially announced
around midday the whole list be
came unsettled. '
Express share were buoyant on
the mnntinmni(nt fhat Ail am a haA
' wo. ea " '
Sr a apt !f af the Aaanal Statement at Ts
if aaeaehasests Pro te tire Aaaoeiatioa, lae.,
4 Wereeeter. la tha atate at M eaaacaaa-
attv. aa Ue thirty -Hm ar of Ieeemer.
ivza. -wm a toe lasanraaea Conuaie-
sioaec at the Etata f OregOB, parraaat
a. taw: . . :
OAPTTAIr
Amova af capital . stock pall p,
. .. moora .
. Vat vremfama receire aortaf the year,
SS 0SS.fts.08. - '
Iatereat, aivUeBes aa rents reeeiree
tanit the year. S842.e.S8.-
anar year, ssi.53a.5S.
Total Ueama, 8.43T,U.ej.
- - DISBURSEMENTS -
Ket loiaea paid daring- tha year iaelaeV
las- aainatmeat anaaakt.iS4.882.2TS.24.
DtTideatU paU ea feapital etoek 4sr-
lac tka Tear. S50.000.00.
Ceeaaafaaioae and ealaries paid dcrlaf
tha year. $2,345,672.97.
Texea, Meeaeee and - fees paid dariaf
te year. S190.857.O1.
Aaoaat i all other expenditures,
S2H2.S53.43.
Total vzpanditnrM. $7,760,437.85.
Value at raa! eetata araed market
Valaet, fS87.B71.34.
of atocka ana bono aarnec (mar-
). S0.1S0.V73.00.
Loess a aiort (area, $237,487.50.
Caah ia hanks and oa hand, 1.02 7,
5J3.44. .
Preatiaait Is eearaa ef eotleetio writ
tea aiaee Seat. SO. 128. 817.81 2.88.
latemat aad rents doe and aceraed. .ate.
9toe.4Ss.Ts.
Total admitUd ait. 17,tl7.17S.7. ,
' Grata elahas tor- loasaa aapald. S2,
S08.521.SO. -f -
r , Antaaat af a Beamed proatiaats eat all
ntaUadia rilka. 81.828.021.13.
-Dae far coaamlsaioa aad brakerate,
a?73 ' .
AH ether ISeaBitiaa. Sl.642.JlS.7i.
' TeUl liakilitiea. eachraiTo af capital
aaocai ai aauu.wv ae.saa.aai.as.
- BUSINESS IK ORKOOK ' --
roa THI? TEAR .
Ifet praaalaaM reeaiTad dariaf tka 7 ear.
- iAveaea paid dariaf tka year. $(4,848 20,
Letrea iacorred doriag tha -Taar, 9TT.
5S.75. ....
Naaa of eaampaay Tka Vaaatfekatetts
Pratactir Aaaeeiatiaa. Iaa.
. Naate at pre till eat Char lea A. Ear
rtactaa.
Keava f eeretarr Laxael g. Eedf-
fciae.
Statatarr reeldeat attoraer far aemea
a vroaea.
Vets arid Diys Prepare ;
For- Strenuous Battle in
Wisporisin'sjUgiskture
purchased the American Express
holdings in American Railway Ex
press. , This gires Adams 75 per
cent of the .railway express stock,
and in effect closely links two In
vestment truats, as railway express
nas disposed ox its business to the
railway express agency. Amert-"
can express is left with Its trav
ellers check business and large
cash holdings. Adams and Amer
ican express each jumped SO
points to record prices but Adams
lost half Its gain. American Rail
way sold up about S points. '
Early Crains Hotcd
la 8ome Stocks -
During the early trading, gains
of t to t points were recorded by
sueh shares as Radio. U, S. Steel,
Chrysler, General Motors and Gen
eral Electric but these gains were
more than lost. General Electric
and Radio closing off . about - S
points net. Wright Aero sold up
S points, only to drop Recent
weakness of Montgomery-Ward Is
attributed to the liquidation of the
Merseles holdings. : ' .
Among the oils. Houston, Indian
Refining, American Republics,
Mir land, Phillips, Texas Cor., and
Standards of California. New Jer
sey and New York closed with loss
es of. Z to ft points. Coppers were
again weak. Anaconda and Greene
Cananea losing about 4: and ,
points, respectively. International
Telephone dropped 19 points, and
closed with a net loss of nearlxX
Search For
SAN FRANCISCO. Anr. g.-
(AP) Cinderella's slipper.ere.
nounea footwear of table, found
a rival today when a search for it
transformed the assorting room at
the s Salvation Army industrial
home into the scene of a treasure
hunt. .- .--
. The unassuming object of the
rfrantis search was one of a bundle
of old shoes collected Friday at
the Zadig home by the Salvation
Army.. It lay among thousands of
pairs of cast-oft shoes awaiting
distribution to the poor at Army
headquarters.
Mr. and Mrs. Zadig. excitedly
burst Into Colonel Andrew W.
Crawford's office, and appealed to
him for aid tn finding the shoe,
For, Mrs. Zadig lamented, the
family Jewels, wdrth 13200, were
hidden In Its toe.; . - ;
After - hundreds of shoes bad
been examined and east aside, the
searchers located the right one
with the Jewell concealed in the
toe. Relieved the couple went their
way after announcing their Inten
tion of renting a safe deposit box.
Read the Classified Ads.
MILWAUKEE. Wis., Apr. 3.
(AP) With the' wet victor In
yesterday's Wisconsin dry enforce
ment referendum snowing a mar
gin of more than. 125,000 totes,'
dry t leaders tonight- marshalled
their forces for an attempt to an
nul the result In the state legisla
ture.' ;" vS-- . . :" . y.
li Dry leaders pointed out the ref
erendum will have no effect In
changing the situation in Wiscon
sin unless the legislature acts fav
orably on bills- design edo carry
out the mandate. Bills to repeal
the state enforcement act and re
move the penalty for possession of
home brew have been introduced
in the legislature, now In session,
by State Senator Thomas M. Dun
can, Milwaukee socialist, sponsor
of the referendam.
Both Sides Ready
For Hard Battle
- As the scene of the battle shift
ed from the poling place to the
state capitol , there "were expres
sions from both wets and drys
presaging a stiff fight over repeal
of the enforcement act. v
Senator. Duncan' observed that
the vote was "a tremendous vie
torv" for the wets, which he said
must 'be followed up by legisla
tive action. The- Rev. WarremO.
Brown, dry leader expressed, his
determination to repeal the re
pealers."
The result showed that while
Milwaukee is wet the state Is dry.
We have a majority of- the coun
ties. More than we bad the last
time. he said. - - ' "
Rev. Brown' attributed the poor
turnout1 In the rural dry strong.
holds to bad-weather conditions.;
Scane Forcner Wets I
ShW Brr Tendency - 4 1 $ t
(Counties ran much to the-ssme
form as in the 1 9 20 referendam
on memorialising congress to
modify the Volsted act to permit
the' manufacture, sale and use of
2.75 beer.. A few wets somersault
ed into the other camp but in the
main the counties which were
either wet or dry two years ago,
remained to Tuesday. Milwaukee,
which in Its heydey was one of the
largest brewery centers of the na
tion, again voted Its full strength
against prohibition. It was a C8,
000 majority there that gave the
wets much of their advantages
" The wet margin of victory was
smaller than the 172,000 majority
recorded tor 2.76 beer In the 192s
referendum. .
v . The 1920 referendum was a me
morial to congress and the cry
was raised by the wets in the pres
ent campaign that It was- looked
upon as futile and as a result not
generally needed. . v
WHITE SWANS PURCHASED
A pair of mute white swans has
been purchased by the Bend KJ-
wanie club through cooperation
of residents living along the Des
chutes river. The swans will be
: kept In the river near Drake park
- .,. . .
. SJfl RELEASE
Order Handed Down to Free
I Mexican .Soldiers Taken:
: Earty During War
- WASHINGTON, April (AP)
The American government today
ordered the release of more than
3000) Mexican federal troops
which have been detained at Fort
Bllse, El Paso, Tex.,' since the cap
ture of Juarez, Just across the
international, border, by Mexican
revolutionary forces..' .
- - Release of the federal - troops
was ordered by President Hoover,
and Secretary Stimson of the
state department has advised the
war department to notify the Mex
ican consul-general at El Paso that
he may make such disposition of
the federal troops as is desired by
the Mexican government."
Troops Eater Vm 8, ,h;
By Agree tent .
- The federal trooos entered the
LtJnited States after Brigadier Gen
eral Moseley, commander at Fort
Bliss, had arranged' an agreement
between the federal and rebel com
manders at Juare. - -.;
: Meanwhile, the state depart
ment was informed during the day
K lAliti V. Inn am - InorUaii vIm
J V V III. 1. W VMV. . ' W
consul at Agna , Prleta, Mexico,
that General Fausto.Topete com
mander of rebel forces . In the
northern Sonora area, had express
ed deep regret that bombs had
fallen on American soil during a
rebel air attack on Naco.a- ,
The consul reported the general
had - been, warned by Brigadier
General Frank Cocheu, who has
been sent from San Antonio by
Major General Frank U Hines.
commander of the 8th corps area,
to take charge of the Arizona-New
Mexico district, adjoining the bor
der. ' : 1 .
All Damages Are ' . -Made
Good, Promise . "
The Mexican rebel" general was
said to hive expressed regret over
the Naco incident and declared It
was entirely accidental. He prom
ised it would not occur again and
instructed that all damages be set
tled at once. -.
Secretary Stimson also disclosed
today that the administration was
somewhat worried over the danger
in which Americans might place
themselves by Joining, the rebel
forces. He Issued a warning to
Americans against enlisting In the
rebel army as aviators or other
wise, savins: that any American
who got Into trouble with the Mex
ican government through such ac
tion could expect no assistance
from the United States govern
ment. . .- v
MR. CURTIS I S PEEVED
Sister isn't Seated Hig Enough at the Table
Eugene Company
Is Incorporated
The Morris Chevrolet company
with headquarters In Eugene and
capital stock of 935.000. has been
incorporated by E. R. Morris, An-
NSW ISSUE
$1,614,600 :
MacMarr Stores, Inc.
(A Maryland CWporadea)
7 Cumulatiye Preferred Stock
tTIth Cottunoo Stock Purchase Warrants
. ii -iiv mm UmJmIif, ml 11 lft car ilaia aaa
p-jfSLT'iJjSIr awLaeaSiettSe iratt f 7 Be saaaaa. paVaUe oaarteriy aa the Snt 4ajra af Jaaaarr. Aa, Johr and
f?1 jfiTESTi .iLZSiilZ EmZA mi areeaata. m aiUeer iaMrt.oaMtkeatkaaSOeer' ftttke. at SUOper akara aad
SiSi laTT7eT7iTa fatlMI. h preVidea to retire aaWl i el ta. la.ojaaaat at rrefcrteS
to ahwtlOJ
' ' ' CAPITALIZATION .
No Fsnaded Debt, 4 - r.-
Preferred Stock (flea par vaiee)t -'; Aetborlsed .
lef BiTtdend Series m.m e.e. , f5,0O0,0O
-Not yet classified Into series.. 1,000,000
Common Stock (Xo par value) ......... 000,000 She.
troaa arcarat
Ontstandiag
fii4,exo
Stork mt aav tine
Nonas, teflerat iaceaw aa
220,881 Shs..
f the
aftoCst VHCCTCsl fan
Stock ParcaaM
Mr. Km Mclnrwe. IVesioW ef MscMdrr Stern. hc sW sumwurixei Kit Utter ittei Jtfsrca 23. 1929; rtgoriint this 7 Preferred Stodf
with Cewoaen oWg PttrcksM Warrants. 8 fCar .. r - - - ? ,
: ORGANIZATION f MacMarr $fett, lac. a. Maivlana! Corporxtion, bat acquiretl. directly or through sobcfdtsries, the assets sad bosf
etses of Intgrnstfoesl Sales V Product CosspljiV; Tamt's," a cfiain of grocery tores ojpesaeed by Ckarles E. Man. iadMduslly: Scooc's Cssli
Scores, lac.; Consolidated1 Stores, lae.: LaGMiuc GrocttyXompany: Western Piggly wlggly Cosapsny: MscLean Bros Inc.; Eagle Stares,
: lac The properties tans actratVed costprise SS7 grocery stares. e which 23 include stest aiarkrts. locssed in California, Washington, Oregoa,
Ntdaho) aadMoataoa, and etgat wapthouaes ia connection -therewith. ; -
, , . - . , . , . - - , - -. - ,. ' - . .-';'
SALES AND EARNINGS i The comUned net sales of tie predeceaor companies aad tk act caraings for the three years ceded December
II. 192, applicable to the assets acesaOY aceuked by MacMarr Stores, Inc. and- subsidiaries, after reducing ertxutfres salaries to basil of
present contracts such recfoetJons araeesttiag te- $2e.nT.10 in 1924. $6U19.2 In 1927 and $J.J4T.lf ea 1923) and sfter Federal Iacosae
-- Tax at 12. as ceitiaed by Messrs. Peat, Marwtck, MkcacQ ef Co, were as fcflews ' ' ' . - . ' C . - . . "
SI -, 'J: r.Badod.Toat'
192....V.,. ...... 2S9
1927.............. Jirr
192S. i m, a mm aa , r JX7 ',. l
17rC34,754
JC236V444
536Vtt2
Z09
3L17
4J4.
? wsMeePaai
1 -C
1X5
. FINANCIAL CONDUlONj Tie pro-forrma conssltdated bataace' sheet 'of MacMarr Stores., lac. and svbsiiisrlcs, as ef DecetaW 3fe
' I92S. grnar esect as at-that oace a tae lematiM r the eomseay ana otaec trasactoes aeatxmed tbereia, a ceroaee ey Messrs. rest, Mat
aae net current assets or I1.7J0,7V3. . ',-.--' - - - f
Wick, MltcheU 6 Co, shows tstsl net assets ef 32299.011 aad net current assets ef fl.7S0.793.
FURFOSS OF ISSUEt . Tbc proceed of this issoc of 3M1400 of Preferred Stock have been used (a part parateat for the acouiskiea ef '
the asseta and bimnessss stove awatioaed. .- -....,': - i . ; :.
COMMON STOCK PURCHASX WAsUtANTSt This 1 Preferred Stock wiO be accesspaoied by Warrants' eadtliag the holders ts
fMvehaM oa or before December SI. 19)3. at the price of 330 per share, one full paid aad aea sasesasble share ef Cnamen Stock wkhoeat par
value fee each share of Preferred Stock. . . . i.. : : " . - . . ; ..
' 1 ""'-' '" : - i- ' i ; .. -.... ,.-......, j, .-..v,---i--''-r -..--
FROSPLC1IVE ACQUISITIONS t The above information has to do oerisith die assets, sales and earning ef tV suspirtiu acroaOf
' acquired. We kave now under contract additional chains of stores, which should bring our total units actually acoxn'red to more chea 300 by
July 1st With our present volume of business ef ever 320.OOO.OOQ, per annum we tank second among the grocery chains West of the
Miaslioippl. When the scsjoiakions above referred to are coasumsuted, our annual sales will be mors than S40JDOO.DOO, Oa March 29, 1929, :
MacMarr Stores. Inc. acquired the assets sad business, subject to babdittcs. of Piggly Wiggly Company of .San Joaquin Valley, through the
issue ef 22.000 shares ef Cosnmoa Stock. v - - ; , - i . .-"....- , - -
MANAGXMENT AND FUTUREi The coampajues acquired aad to be acquired by MacMarr Stores have been chorea not merely because
. ef past results or territory served. Ia every instance more consideration has been gives to the character, aad ability ef those responsible for
rhc devdoptaent ef these chains than ts aay ether siagk facts. 1 believe that few chain store systems ef our site have so many thoroughly
equalised executives, aad my conviction is that with their larger opportunities they w21 be able to show even better results ia the future than
they have fa the past. i . -, r . - :
'ewsaAj
Tit
On
Lsml
W Ueaara.
rerttead. Ortaoa.
1 eliefaoS Swa twmxti which are SelStav rmOmkU, law to so
rranaVd nsiviaarifieaj 7 m m at aaMfios ky as.
Boolean. Rant. Jmrksl Urewa. Kev Tort, tar tW Paaken. aad Moats. Joseph, Base A Tfttlairii.
tortseCsrsoTstias. AodiU sr Mean r Uanrick. atikaaB a Cs. ,
: j?rice $110 per sliare and : : ;
.. x - ' ..":""-"---; , . i . . . v.,. -'V-" ' ' .. "
3fs st lAt saeoe atetA. dot fcorsWe im tit farm ay tjwSorstj cwtifftn or gee ion rmttiptt. mhjmct u
T liirnhy. Fkvrc & Co. f DrumheUer, Ehrlicgiman tYfVliitc
NEW TOSK
DEXTER
cracAco
LOS ANGELES
DETItOIT:
Thecbove offering is made by sitch of ike above' rmmed dtaUr as 4ir registered in Oreson,
i
WASHINGTON, April 3 (AP) i
A social war in the capital broke
tonight M , Vice President Curtis
laid before the state department
a firm protest against Its decision
that his sister and official hostess.
Mrs. Edward Everett Gann, should
rank below the wives of the for
eign diplomats at official dinners.
Just before be retired last week.
Secretary , Kellogg Informed Sir
Esme Howard, the British ambas
sador and the dean of the. diplo
matic corpse of this ruling' on the
seating arraagements , at official
dinners.. , ;
Mr. Curtis Is considerably arouv
ed and he has gone personally to
the new secretary of state, Henry
It. Stbnson, to seek a reversal of
the Kelloggo order.
Sttmsom Faces Aeal ',
Crisis In Office .
Hardly, settled in his new office.'-
Mr. Stimson is cogitating
over the-dilemma and society, is
speculating on what the next step
will be. At the state department
it was said -that Mr. Stimson is
studying the Curtis appeal. It was
suggested , there that "numerous
precedents exist for , the Kellogg
ruling.. r
The seating of guests at official
dinners is oae of Washington's
social problems. It is, the subject
of great study and there exists an
Informal code of laws oa the ques
tion. It Is even the thesis of hooka
drew Koernsr and George 1 Ba
land. ; The Alsea-Paeifln company
has been Incorporated by Frank H.
Hltton R. E. Williams and L. A.
May. The capital stock is 32000
and headquarters are in Portland.
lis. ram is
win
WOODBURN. AprJ (Special)
Mrs. Edith Toiler Weathered
of Champoeg, was the principal
speaker at regular meeting of the
Woodbnrn Woman's club at the
library Wednesday afternoon. Her
topic was "Homo Products.
An attempt was made by a com
mittee in charge of Mrs. J. J. Hall
to secure a display of products
and articles manufactured locally
at the meeting.
It has been the subject of disputes,
some serious, since the beetle days
of President Jackson ' when the
wives of some of bis cabinet re
fused to recognise the bride of bis
secretary of, war. Peggy O'Neill
aad caused a cabinet breakup. -Official
Notice Is' '".
Citvei. By Mr. Curtis : "
By Just what course the present
difficulty, arose is not certain but
on March it, at the suggestion of
the state, department, Mr. Curtis
saye he notified the department
that Mrs. Gann would be his offi
cial hostess. He then asked for
her full recognition as sueh." The
vice president added tbat Mr. Kel
logg "without discussing the jnat
ter with, him (the vice president)
acted upon It In the manner here
tofore given to the press. ;
v After the decision of Mr.! Kel
logg was made public recently, Mr.
Curtis decided to bring" the whole
situation into the open and today
he made a public statement, dis
closing that he had protested to
Mr.' Stimson and that he had ask
ed for a rehearsal. of the. Kellogg
order. Mr, Kellogg retired from
office the day ofter the vice president-received
the ruling,.
J J constipated, coi- 1
tcky, tratfol he It
II needs this mnedy. II
II SCaow the gamine 1 1
II byCTaio, H. Plotch-1 J
II ers signatnia. .' II
3-
1
CASTORIA
For sale by
Nelson & Hunt Drug Store
Corner Court A liberty Tel. 7
SMI
win
WILL LEAVE OFFICE
VIENNA, April 3. (AP) The
cabinet which, since May 19. 1927
has been governing Austria under
the. Reverend Dr. Ignas Seipel, re
signed today.: Monslgnor Seipel,1
who. bad combined the offices of
chancellor, minister for home af
faire aad minister for foreign af
fairs, was requested to remain in
Office- provisionally for the- dis
charge of current business.
' ' In his statement to the cabinet
Dr. Seipel said that the situation
of Austria had Improved so much
If now was possible to take a big
step. forward in. normal develop
ment of the country, but since he
personally was considered to be a
hindrance to that development, ha
had decided to resign. k
The Seipel ministry was a eoal In
itio affair Including representav
tiree'of ' the Pan-German AgrarV
lan and Chrtstlan-eoclal parties
Dr. Seipel belonged to the last ;
named organisation... wl
.1 v. : ... -;. ' " -
Roseburg Obtains '
-Fund for Airport
ROSEBURG. Ore., April 3.
(AP) Reeeburgs' airport bonds
id th ram of 325.000 were sold
today to Ferris aad Hardgrove of
Portland, who bid on a basis of
39C.33 per hundred dollars. The
money Is to' be used for the pur
chase of a tract of 140 acres one
mile north of the city, adjoining
the Pacific highway at the South
ern Paeitic railroad. -
f
1
uuuu
PutorxofdaDeewotv
' tferful Calumet Cakes on
the table and see how
quickly it disappears. So
good itis gone before you
know it. Fine food for
children. Nourishing,
healthful, easy to digest,
and easy to make, when 5
leavened with Calumet.
LESSMAft
PER CAttltld
DO U OLE
ACTKJO
1 I AKetasP' smaAssCsreSO eBmSmrMttt 1 ".tad fa?'l"taanw
t
f
1
Ml
"7 7 MfdUl rJ
'UJUb id
7,
-rr,
Now!
- -- - mmitU -r ' :',jr-J 3
Premiet Duplex
cleaneto polislier
action that sot only draws aM the dirt
from, year rugs bet brushes up the nap.
itcnlsaofager.
amd Spic-Span
Attack the Saturday cleaning with
this outfit famous Premier Duplex
double action cleaner, polishing
brush for hardwood floors, and
Spic-Span for your davenport,
chairs, even your automo
bile seats! These three,
you can have in your
home right now for
X
.50
zD6wn
; These termsxiitf for April only;
' : $Z50 dbvhx and j small monthly
V payments. Begin right now cut-
tmg your deaninghoiirs in half!
c Ask lis for a test drtliis outfit
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Vtas ta the Spic-Spaa the little head
Full price of Junior
sTVeaS 8e f aa vS oVba
average cleaner
Order your outfit this months pay Just
$Z50 nowl The for April
only b $550 each. Ths deaners are cold,
ceparately, but you cave money on the.
comDinauon. - - -jr r -r - -
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