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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Jan. 26, 1930)
The OREGON STATESMAN. Salem Oregon, Sunday Morning. January 26V 1930 PAGE THREE Money is not tight. belief Production Records for '29 Go Up in Major Lines; Says F. Greene WASHINGTON, Jan. 28. The dismal predictions concern ing the business outlook which were so frequently heard imme diately following the stock mar ket crash tailed to materialize Instead, trade and industry seem to be moving along about normal, with volume at the beginning of the New Year only slightly under that of a year ago. In his monthly business review in Nation's Business, published by the chamber of commerce of the United States, Frank Greene reports that wholesale and ' job bing trade and industry in Decem ber quieted somewhat more than was the case a year ago. But re tail trade, although- reduced somewhat by a severe winter storm, he adds, kept up a fairly good pace as regards volume, with some doubt existing as to whether dollar expenditures were quite aa great as during the like months a year ago. IoiK Margins Helpful "In looking forward to the coming year's business," Mr. Greene says, "One who remem bers what occurred in the old days as a direct result of a b: break In the market is impressed T.-ith the relative absence of many phenomena once all too familiar. For instance, compare the au tumn of 1929 with that of 1927. In the latter year, following the stock market break, there came a currency panic, closing of banks i and a heavy volume of failures of brokerage concerns. In 1929 bis latter phenomena was almost entirely absent despite an enor mously larger public interest in the market. One reason possibly for this was the longer time taken in the market liquidation last au tumn, another the warnings is sued from time to time, another the very long margins insisted upon. "Another feature that has come sharply to mind has been the re markable mobility displayed by Industry in reducing operations to avoid rolling up of burden come stocks. A notable absence of these latter is very generally noted. The year closed with a good deal of -sobriety, but with a cuietly cheerful feeling visible, part of this undoubtedly due to the wonderful rally made In No vember under the personal direc tion of the president and the heads of America's biggest busi ness interests." Some Records Set With reference to business in 1929, Mr. Greene observes that "while many new records were established, the year's leave-tak-- Ing was not quite as pleasant as was most of its visit. This has resulted in a slight scaling down of the gains earlier shown, but the the year set up some records that may not be equalled for a while at least. "This was particularly the case te steel output which, according lo the Iron Age estimates, gained 8.4 per cent while pig-Iron output Increased 11.2 per cent, both of these new high' records. Pig Iron's smaller gain of 5.8 per cent over 1923, the previous record, (hows that there were also giants In 'other days. Auto Industry Breaks Mark "The automobile Industry like wise broke all records, with an estimated gain for the year of about 25 per cent, while bitumin ous coal output gained 4.9 per cent and anthracite production 1.7 per cent. "Other important gains, these mainly for 11 months, were coke production, 14.7 per cent; lake ore shipments. 20.7 per cent; cot ton consumption, 9.3 per cent; electricity output, 13.8 per cent; lake freight traffic, 6.9 per cent; gasoline production, 15.7 per cent; crude-petroleum production, 12.5 per cent; rubber consump tion, 9.4 per cent, and car load ings, 2.4 per cent. Copper ship ments gained 5.9 per cent; lead shipments, 4.8 per cent; and silk deliveries, 9.4 per cent. "In the ten months' records we have a gain in public utility gross earnings of 3.5 per cent, and in set of 18.9 per cent; in railways a gain of 4.3 per cent in gross, and of 12.8 per cent In net; in railway freight traffic of five per cent, and in shoe production of 6.1 per cent. "Industries showing decreases included building permit values, which were 9.4 per cent less, and cement production, with a 2.9 per cent decrease. To these may be added lumber and common brick with probably smaller but undetermined percentages. It will be aeen here that building and kindred trades were all of them within the shadow or earl ier overbuilding or highway money rates. These latter have definitely disappeared. Bank Clearing Gala "In financial lines for the full ' year, bank clearings gained 14.9 per cent ana' debits 15.5 per cent, new capital Issues decreased a email fraction, and failures tell off 3.9 per cent while liabilities increased ji.a per cent. New lor stock Exchange sales of stocks gained 22.2 per cent and bond sales 2.7 per cent, "In retail trade for the year, mail order sales gained 26.8 per cent, chain stores sales 15.1 per cent, ine two combined gained Z0.1 per cent, and cepartment store sales Increased about, three t per cent. Regarding this matter ' ef chain and mail-order gains, it nay, be said - that these figures cover all stores this year and last, Identical store sales gains may be smaller than above. i Tennessee will spend 23 mO- Bon dollaxs on loads ia 1110. Slump BUSINESS CONDITIONS SHOWN TO This map 1; number of The Nation's This map represents buines conditions In every state fat the union as set forth In the Febru ary number of the Nation's Businnes, official publication or the Chamber of Commerce of the United States. III LINERS TO BE FASTENED TO TOWER By WILLIAM R. Kl'HNS (AP Feature Service Writer) NEW YORK. (AP) Plans for former Governor Alfred E. Smith's new Enipire State build ing conjure up visions of a dozen little "tug" dirigibles nosing a giant Zeppelin to its mooring mast a quarter mile above the sidewalks of New York. The construction design calls for a gigantic ball-and-socket ar- ranepment for narkinsr trans-At- ' lantic and other dirigibles at the pinnacle of a $40,000,000 80 story building to be erected on the site of the old Waldorf-Astoria hotel this year. The roof is expected to be 1,100 feet high. This will be topped by a steel tower 300 feet high, making a total height of 1.400 feet. That is only 65 feet less than the altitude that would be at tained by putting the Eiffel tow er of Paris on top of the Great Pyramid of Cheops. The tower will constitute a dirigible moor ing mast, with complete elevator and mechanical equipment. No such things as "tug" dirigi bles will be used, of course, but the method of mooring is inter esting. Two circular tracks will be built around the tower, and will support two arms of a gigantic derrick with an electrically oper ated windlass, so the dirigible may be pulled up to tbe ball-an-socket mast and tied. The project is experimental so far as Mr. Smith, the president. and other officials of the Empire State corporation are concerned. Potential obstacles to its success are visualized. Meteorologists point out that weather conditions greatly influ enced by the prevalence of sky scrapers in the vicinity makes the air "bumpy" and the law of the air is still so new that it might prove an obstacle to such a unique project. One authority pointed out that property owners might have rar ied attitudes toward air levia thans hovering over their roofs Moreover, it would automati cally cease to exist as a mooring mast if another building of equal or greater altitude were erected nearby. By SUE McNAMARA (AP Feature Service Writer) WASHINGTON (AP) Wheth er it is better for little Johnny to climb trees at his own sweet will or be "organized" is being de termined by SO men and women ho are part of President Hoov er s conference on cblia nealtn and protection. They comprise the committee on recreation and physical educa tion. At a meeting in Washington they discussed tbe pros and cons of wild free play or play under direction. Women took a prominent part in the meeting. They kept bobbing up, a worn an la brown, a woman in oiue and one In gray, eagerly telling what they had learned. Some Just sat back and visual ized the childhood of the man who started this whole gigantic scheme for child betterment the President of the United States. Only a few blocks away In the White House now, he once was trotting along railroad tracks picking op rocks, taking a dive In the old swimming noie ana and hunting rabbits. Toward him the advocates 01 rreater freedom in play without too much organization eloquently pointed. Others who favor munic ipal or school supervision or ath letic activities showed max uww are develonmenta of recent years and that boys and girls are bound to benefit from wise direction. The meeting was only one of dozens of committees and sub committees being held all over the country. The big machine started by the President, with the objective of, brighter eyes ana rosier cheeks, keener minds and happier hearts for American children, has started to whir. Bright sparks of idea, from the 1 Faus to Retard Bwmmtess, t i . .3 ir every state in ths l"r.wn as set forth in the February - -1 publication of the Chamber of Commerce of the United States. SO THIS IS SALEM By PAUL C. ADAMS, of the Pacific Homestead Thinking back, it doesn't seem possible that a lot of us kicked about how hot it was here in Sa lem during the Legion convention last summer. Those boys sure turned on the heat. Why not have all conventions, that make for a hot time in the old town, meet in the winter when we need them. 000-000 Speaking o f conventions. William Cobb, tbe writer, says in days of yore the dude drum mer had his wicked ways with small town girls. He has de parted this scene, partially be cause the girls are no longer Innocent, but the greatest has ard of small town morals to day are the bad boys of con ventions, thin writer adds. Of course all delegates are not all conventionally nnconven al at conventions. OOO-OOO Did you get up or stay up to hear the King on last cold Tues day's morning? Did you stand at attention when they played the 'Star Spangled Banner' before hooking up with London? I won der how many listeners did? It's the same national anthem over the radio that we hear the bands play, but I'll bet you didn't stand up the other night, if you were alone, by your radio. I didn't either. OOO-OOO When they first hooked op with the British station you could feel very certain they bad London. You could hear the waves aifd the sea gulls and ev erything, almost smell the salt of the Atlantic. OOO-OOO After the King talked a bit the 'waves' quieted down. Isn't there something said about Brittania ruling the waves? 000-000 listeners in Japan claimed they could hear words being spoken but couldn't understand what was said. My radio acted the same way when the French and Japanese delegates spoke. OOO-OOO Anyway it gave a good excuse to a lot of pinochle players to stay up late, for if a eat may look at a queen, surely a pinochle player can wait for a king. OOO-OOO He may have a shot on the back streets, he may wear over alls, he may be thought of much during most of the' year, he may be the butt of many jokes about forgotten tools and over-time charges, but when the weather .hovers around seres believe me boy, he's roy alty. Be is the plumber. That's what comes of being a special ist. OOO-OOO Down on the Columbia the town of Cathlamet is cut off from the world by ice. A small steamer tried to reach it with a load of foodstuff. The little ship saw one of those bright red channel mark ers frozen solidly in the lee. The boat took one look and. turned around as she said, "I know you wouldn't fool me big buoy " 000-000 If Salem's largest Industry was forced to close its doors be cause of unfavorable markets. If s large pay-roll was reduced one half, if the workers In any industry were notified of a cat of one half In their wages, If a bank tn this city should dose its doors, business would suf fer, business men would bold scores of luncheons to do something about It. The town would be talking of the loss, times would be considered hard. But Mr. JBuslness-maa, -Mrs. Housewife, Mr. Banker, do yon know that such a con dition now exists! The dairy men tn and around Salem are faced with a critical condition. Batter-fat prices) are so low that even the most efficient dairy Is being operated at a minds of BOO experts are shoot Ins; in all directions. When yon tall to reeerre your copy of Ths Oreron Statesman, phone 100. All deUrerles In Sa lem should bo maae ny :so a. m. Pleas phons office not later than 8 a, m. and a copy will do ceir?- ered to yon. Tha UnlrsrsltT of Oregon will bar floating schools which will tour both Alaskan and Hawaiian waters in Ue summer ol.llJt BE GOOD loss.. Think of the reduced bny ing1 power from this depressed ; market 'return. Dairying is one of the valley's foremost indus tries. What part of Salem's prosperity rests upon it can only be estimated, but the cur-' tailment of it has already ser iously effected some lines of business. The use of butter sub stitutes Is blamed by some. In creased "production during the summer, which butter Is now in storage, is another cause. . OOO-OOO The remedy. Elimination of low producing, unprofitable cows is the duty of every farmer. The use of more butter in the home is the solution for the housewife. Butter today is the 'best buy' on the grocery list. More vitality, more energy, more heat, more vitamins are to be had for a few cents, In a pound of batter, than from any other purchase. Better butter is the best buy. OOO-OOO Ail my life Tve wanted to walk across the Willamette riv er at Portland. Since I was a kid I have heard of people do ing it In early days. This past week It would have been pos sible. In fact two fellows did it, and then the government tugs and fire boats went out and broke the Ice. Somebody's al ways busting our balloons. OOO-OOO The congregation of Statesman readers will not please stand and sing (with feeling) 'Singing For The Rain.' IP IP m jto and mmn Qf XJ 7U Station With a Clockf V S Cfjj I I ' LIGHT PLOWS. TIE E By OSCAR LEIDINO Automobile Editor Associated Press Feature Service ST. PAUL (AP) Blizzards, which once buttoned up the northern United. States into a Si berian waste, are fairly well tam ed today by snow plows. While man-made monsters in the hands of state highway de partments are forcing the fierce grip of winter, manufactures are keeping pace with new demands by developing light plows for pleasure cars. A single blade plow, appearing this year, is clamped to the front axle and suspended from the front bumper of passenger auto mobiles. A' similar type has been devel oped for one-ton trucks and a light V plow for trucks in avail able for cleaning city streets, parks, and outlying roads. Because of the efforts of muni cipalities, counties and states, the northern American, whether on hard-surfaced highway or coun try road's, finds that being snow bound is a temporary novelty. Snow removal is the newest phase of highway work and it is less, than 10 years ago since a systematic effort has been made to keep roads open during win ter months. Charles M. Babcock, Minnesota commissioner of highways, re flected the new attitude of north ern states in saying: "We no longer debate whether we can afford to keep the roads open in winter. We have found that we cannot afford to leave them dosec'." While snow plowing is a new activity, It has grown in the state until $200,000 a month is spent for winter maintenance. Other states show similar bills for snow removal. Two hundred heavy trucks, with sharp-nosed beaks, bear the brunt of the work of pushing tracks across Minnesota through drifts and heavf snows which blanket the wind-swept prairies until April. Rotary plows, which kick up miniature blizzards of their own in removing the snow, and heavy tractor plows are used when there are heavy falls or deep drifts. Portable fences, which can be rolled into a bale anC stored during the summer, have replaced bulky snow shields once in use. The protectors line the highways to hold back the wind - blown snow. In Maine, where there have been two successive "open" win ters, preparations have been made to keep 4,200 miles of highway cleared. roads and the horse and sleigh, roads and thehorse aha' sleigh, which once saved many a farmer from isolation, have been aban doned except for use In emergen cies. North Carolina transports ISO, 000 pupils to public schools. SIFT Ml t , .... . - - - - : 7 Statistics Show Large Number of Workers Die Of Industrial Accidents During the fifteen and one half years since the state indus trial accident commission was created and began to keep a check on accidental Injuries or death suffered by men engaged in Oregon industries, enough men have been killed in this state to fill a large cemetery and the number of injured totals more than the population of the city of Portland. In actual figures the number of workers killed during that per iod totals 2,229, an average of more than 140 a year and the number injured aggregates 375, 959, an average of more than 23, 497 annually. The number in jured includes the fatalities. The trend of these industrial casualties is on the Increase. For the year from July 1, 1928 to June 30, 1929, the number of fa talities was 200. For the six months period from July 1, 1929 to December 30, 1924 the number was 119, indicating that the rec ord for industrial deaths for the year to close June SO next will beat all records. Tbe same is true concerning non-fatal accidents. Regular $25 Vulcanite Plate . The Best Dental Plate Made . . (Many Charge as High as $50 for this Plate) Any Silver Filling "r Any Porcelain Enamel Filling (Regardless or btze) PAINLESS EXTRACTION (2 teeth or more) 75c per thooth. PLATE REPAIRS $1.00 OLD PLATES REMADE $5 2-3 REDUCTION-THIS WEEK ONLY STEP ON IT! fltoo I?o (So cJDQ09 eecattilott "FIVE YEARS INSTRUCTOR AT THE PORTLAND DENTAL COLLEGE II I 4 "Jim" "BUT c Survey All accidents, both fatal and non fatal, numbered 41,995 for the year 1928-1929 and for the first six months of the present year to end June 3 0 next the number was 22,771. . By years the accidents and the fatalities total as follows: Accidents Fatalities 1914- 15 4,54 71 1915- 16 7,162 72 1916- 17 12.134 90 1917- 18 21,877 172 1918- 19 25,176 158 1919- 20 21.378 159 1920- 21 20,456 138 1921- 22 17,731 142 1922- 23 27,379 144 1923- 24 28,916 157 1924- 25 25,562 146 1925- 26 29.2S9 161 1926- 27 32.662 138 1927- 28 36.925 162 1928- 29 41.995 200- 1929- 22.771 119 Totals 275,959 2.229 The above figures do not take in consideration the hundreds of persons injured each year while engaged in Industries that do not operate under the provisions of THIS WEEK THIS OFFER ENDS JAN. 31ST See For Yourself , Shows the workman's compensation act which is administered by .Le in dustrial accident commission. During the period since the de partment was organised Its finan cial receipts have totaled 835, 520,878.84 and its disbursements 29,092.r3.98. Receipts have been as follows: initial appropriation by the legis lature of l913, $50,000: state ap propriations subsequently, $957, 786.57; state appropriations on account of special claims.- 125, 547.28; premiums paid by em ployers, $28,797,736.91; pre miums paid by workers. $2,850. 495.78; Interest by employers, $160,111.84; penalty by employ ers, $19,204.54; interest and dis count on investment-ot the indus trial accident fund. $726,993.11; of tbe segregated accident fund, $1,800,188.30; of the catastro phe fund, $31,68271; of the re babiliatlon fund. $34,280.33; in terest on emergency fund, $13, 941.69; miscellaneous fund, $4, 996.37; penalty, $379.58; pre miums on bonds sold under the industrial accident fund, $19. 757.60; premiums on bonds sold under the segregated accident fund, $26,103.84; miscellaneous receipts, $230.99; payment by third party, tegregated accident fund, $1441.40. Receipts for the year July 1, 13Z5, 10 June v, J92), loiaiea $3,440,192.60 and disbursements $2,895,852.79. . $2