Saturday Evening, January 10, 1925
THE EUGENE GUARD
Page NIr
rost-EIection Boom
Carries Stock Prices
To New High Levels
kEW SOUK, Dee. 31. (W!) A
.portions carriea nioc pnm 10
.;.h..t levels in learn in the
Lint weeks of the year.
liailroad shares were foremost in
advance, many ot tnem loneniDK
nrirea evsr recorded. Not
.,. the early part of the present
Miry, when narriman ana uoora
isiie'd for the eontrol of the lead
western transportation systems
.i.. Minrrv. has Wall street wit-
kod a railroad tnarket of such
with and volume as tooa place in
last two months of the year.
Investment Demand
a enormous investment demand,
,.ntlv nent-un for years through
L of adverse legislation, broke
li like a Iiooa in me lew weens
miiig election, when it became
. l.t tK an-mllorl rndical
. lisd lost the balance of power
congress, that the administration
kod with favor upon railroad eon-
lations, and tnat ine roaas nan
, successful in increasing their
earnings through a reduction In
rating costs. Tangible evidence of
.MiumMt fiirniRhpn1 hv the
----
kimption of dividends on stocks
ome of the soutuwestern car
stimulated the demand, which
,' from larce institutions and
hithy individuals, as well as a
ind of small investors.
iflustrials shared in the advance,
largest gains being recorded by
aiirtripfi of those companies
hse earnings gave definite indica
hs of business improvement. ,
Professionals Surprised
'rofessional traders admittely
. ..M.i,J Kv thn mnenitude of
buying power, as indicated by the
that stocas in wnicn, iney imu
t up large paper profits in- the
y fall were sold heavily in the few
I following the election, on the
v that thev could be repurchased
r at lower levels. The advance,
rever, once it got Btartea, wbb
almost perpendicular one for
it six weens. J.ne mu& wn
n away from the professionals,
were forced to bid for stocks
ral points above what they sold
ii for in order to participate in
hie of the curious features of the
il advance was the fact tnat it
accompanied by a relatively
it increase in brokers' loans,
li was construed as an indication
the stocks were being taken out
the street" and put in strong
!s. Wall street brokerage houses
fminri themselves with more
hiecs than they could convenient-
indlc, despite an average Increase
1 per cent, in brokerage corn
lions, which added milliohs of
xs to their cofferB.
Steel Reflects Business
uctuations of the steel shares
;ted the course of business the
utato nf onerntions reached in
summer forcing the Bethlehem
corporation to suspend its am
i on its common stock. The
.il Ktnfea steel cornorntion paid
'regular quarterly dividends of
I per cent, and an additional ex
it 1.9 f nut rter cent each auar-
fine stock selling at the highest
ainnn 11117.
.at nt tba nil nllflrM Inst ItrOUnd.
No the unsettled trade conditions
'd by the over-production or
. The Pan-American Petroleum
'.on,nnl4 mmTUIIIt. One Of tlie
Est of the independents, cut its
anon dividends in half, and scv-
others were forced to omit their
oicnts.
bpper shares showed signs of ac
y and strength as the year closed
r a long period of relative de
Ision, due to the innbility of the
lucets to earn substantial profits
luse of the low prices of the red
11, and the stiff competition af
(ed by the African product. With
tope again a largo potential buyer
Jouper, the outlook for the indus-
Is one of the Best in years.
Motors Are Hit
alight fnlllnir off in nroduction
xales below the record-breaking
of 1023 combined with mcrenn
ompctition, naturally had an ad-
(e effect on many motor shares,
fcugll Jordan, Nash, the Maxwell
f l'iercc-Arrow issues developed
lidernblc strength in the last few
One of the principal develop
is in this group was the scaling
of Hie number of shares of
Jrnl Motors through the issuance
I new common stock, which was
finngenblo on the basis of one
ie of new for four of the old.
fcitile, chemical and packing
rs suffered as a result of adverse
$r developments, necessitating the
Ision of the American Woolen
fcion dividend and the institution
teceivership proceedings against
Virginia Carolina Chemical and
Wilson packing companies,
pmenta continued to benefit
the large orders received from
'leading railroad systems. Public
(ties developed exceptional
ptrth in refleeiton of a progres
I increase in earnings by most of
I principal compnuies, and of
loiniea effected through Bcveral
ers. Sugars were depressed be
je of the competition afforded by
the European beet product, which
was sold here at concessions below
the prices quoted for tbe Cuban and
domestic crops. Chain Btore and
merchandising issues recorded sub
stantial gains during the year, some
I of the larger companies splitting yp
i their stock in order to secure a bet
ter market and witter distribution.
Stock Dividends Scarcer
Stock dividends were not as num
erous as they were the year before,
but the increasing agitation for the
taxation of undistributed surplus led
to a belief in some quarters that a
number of the larger industrial com
panies would make some special dis
tribution to stockholders in the com
ing year. An increasing disposition
was shown during the year to resort
to stock financing, particularly by
the railroads, whose poor earnings of
previous years bad mode such financ
ing impossible. ' '
Among the active issues listed on
the New York Stock Exchange, the
widest fluctuation took place in Kasb
Motors, which rallied from a low of
0 1-2 to close to 200, The narrow-
j est fluctuation was in Alaska Gold;
which sold between 10 and 25 cents
a share.
Total stock sales during the year
approximated 270.000,000 shares as
compared with 235.000,000 in 1923;
260,000,000 in 1922; 171,000,000 ia
3921, 223,000,000 in 1920 and 307,
800,000 in the record-breaking year
of 1910 when the post-war inflation
boom was at Its height Total sales
in November exceeded 40,000,000
shares, making it the largest single
month's business since April 1001
when sales ran above 42,000,000
shares in the wildly excited trading
that preceded the Northern Pacific
panic
AUTOMOBILE RACE
SEASON SUCCESS
The feat of Bennett Hill, Harry
Harts and four other drivers of
breaking practically every world's
record up to 2r0 miles at the new
Culver City, California, board track
in December, brought to a close what
is generally agreed has been the
greatest year automobile racing has
ever known. New world's records
were made and then broken five
times during the year at the 230
mile Beverly Hills race February
24, the Indianapolis classic Memorial
Day, the Italian Grand Trii, the
Charlotte, N. C, 250-mile race, Oc
tober 25, and at Culver City.
Hill was compelled to average the
unheard-of speed of 120.0 miles an
hour to win this last race. The first
six drivers over the finish line broke
the world's 2fi0-mile record of 118.7
miles an hour, established in the lant
preceding A. A. A. event at Char
lotte only seven weeks before by
Tommy Milton, which in turn had
broken all records made earlier in the
year.
Trotzky And Wife Virtually Exiles
no compression tavs exist; and feeta
f sene will act inarfi ra&uily than &&a-
Ime. American Automobile Ingest.
iniuky, soiiti luniniisar lor war, and hit wire have arrived lit their new hum? ill Trans
Caucasia, where a new Soviet Republic rapidly is giining strength, accordins to reports from Moscow.
It ia rumored that Trotiky may become one of thi dominant farces directing: the new government.
This exclusive photograph shows Trotsky and hli wife seated in; the tofcneau ot the automobile in
which they arrived in Trans-Caucasia.
i nouns SEEK
IH FUTURE, m
1 llESTIGi
CONCRETE
BRICK
BURIAL VAULTS
DRAIN TILE
Irrigation pipe
sewer pipe
f CULVERT PIPE
I HOLLOW TILE
BLOCKS
I SEPTIC TANKS
Eugene Concrete
1 Pipe Co.
IB Blair. Phone 903
IICH ESTER S PILLS
r, 11 1 All v 1 1 uaalll, JL
Tk MWr. Bit fltM, V
Stores Adopt New.. .
Advertising Code
NEW YORK, Jon. 10. Pl
The board of directors of the
National Dry Goods Association
has adopted a code for the truth
ful advertising of furniture, ac
cording to' Lew Halm, managing
director of the association.
The code Is in accordance with
the "Name the Woods" campaign,
carried on bv the National Vigi
lance Committee of the Associated t
Advertising Clubs of the World,.
Mr. Halm said. The same cone
has been put in effect by the
Furniture Manufacturers' Associa
tion of Grand Rapids, Mich.
Before determining its course,
the board of directors of the Dry
Ooods Association made a compre
hensive study of conditions
throughout the furniture advertis
ing field to prove its practicability.
The code consists of two rules
which set forth that, in adver
tising, furniture in which exposed
surfaces are of, one wood shall be
designated by the name of thatj
wooo, ann wnere uie txpuswu out
faces are of more than one wood,
the principal wood used shall des
ignate the furniture.
WASHINGTON, .Tan. 10. C4 A
belief that air transportation can be
established under suitable conditions
in the United States as an importnnt
addition channel of commerce was
expressed in a report to the war de
partment by Lieutenant John P. Van
Zandt of the army air service after a
first-band investigation in Europe.
In the course of his visit, which
was undertaken in the interest of the
American government. Lieutenant
Van Zandt travelled more lhati 6,Khi
miles by air over the European con
tinent and gathered from many
sources detailed information oa the
subject of commercial aviation.
Old World Active
The report pictured the old world
as criss-crossed with regularly estab
lished routes, over which this year
50,000 passengers have been trans
ported 4.800,000 miles on Journeys
covering points from Finland to Af
rica and from England to Bosphorus.
Comparing conditions for commer
cial aviation in Europe and the Unit
ed States, Lieutenant Van 55andt
pointed out that the nations across
the Atlantic are faced with funda
mental political difficulties in de
veloping air lines. Commercial avia
tion there nearly always involve
flights over several . contries. The
United States, on the other hand, is
probably better suited politically to
the establishment of self-supporting
air lines than any other country in
the world, by reason of its geograph
ical extent, freedom from custom re
strictions, common national interests,
and homogeneous business methods.
Safety Greater "
Hecords of European commercial
air services indicate, the report con
tinued, that financial matter, mer
chandise and freight of all kinds may
often be transported by air with
greater safety than by the usual
channels of boat or rail. The insur
ance rates, for, all risks including
theft on articles such as dresBcs,
furs, jewelry, fragile goods, light ma
chinery, between London .and Paris
or Amsterdam are several times less
by air than by boat and raB, Much
gold bar nnd silver are shipped across
the English channel by air, one plane
alone having carried 52,000,000
worth.
In Europe; Lieutenant Van Zandt
found that governments show great
interest in commercial aeronautics
and contribute liberally to its sup
port. The British government has
created an air monopoly and voted a
subsidy of $5,000,OQO, covering oper
ation for the next ten years. In Hol
land an advance without interest
amounting to $500,000 has been
made, while France this year voted
a subsidy of 41,422,000 francs for
its commercial services.
Support Ottered
In addition, considerable indirect
government support is offered to
promote the growth of commercial I
aeronautics by the establishment of I
largo airports at which government!
erected hangars and other faeilitiMi
are rented to operating companies
for nominal sums.
The principal investors in national
air lines in Germany, Holland, Eng
land and France are the leading in
dustrial, shipping and banking and
forwarding organizations. These in
terests are convinced, the American
investigator was toid, that air trans
portation is destined to fill an im
portant role inS the economic life oi
the continent.
Indian Prince Has .
Good Year On Turf
UiUMIlC COLD
EilE IS EASY
JPAIilS, Jan. 3& OR The Age
Khan, an Indian prince, with some
1 AW, 000 francs, heads the list ofj
wisainff ownrrs for the season off
fiat racing just ronclttdeil. the most I
successful since the armistice.
For the first time to the history of I
French racing since I09 a Freueh
jockey had the honor of leading the
fiekl in the number of winning;
mounts. Henri Hprnbtat, after a wckl
and neck titirl with -Guy Garner of I
Kentucky throughout the last twaf
mouths of the season, finally pulled ;
away from his American rival and
finished with SO winners to Garner's
. .
The riralrj' between the English
and American schools of training
horses ended in favor of the former.
The Asa Khan ia the bead of the
Mohammedan Church in India and
the spiritual chief of lM,0t)().0(H In
dians, He never bets a cent on the
chances of his horses and is satis
fied $itU winning the stakes.
The average electric engine starter
ia not demgned to stand the stress
of freeing an engine whirh Is lubri
cated with heavy oil and stored in a
cold garage doring the winter. Film
of thin lubricants are eautty broken
by two or three pulls of the starting
handle but where a thick oil is used
ten minutes winding may hnve little
effect except to eshausl the owner.
In such eases Utete is bo remedy ex
cept inject ions of gasoline into the
combustion chamber and deliberate
acceptance of this fact will ave time,
temper and tissue.
Such injections can b based on
two pohrieg. If the engine sparks at
really low speeds gasoline injections
may he used to procure an initial ex
plosion, which will not, indeed, keep
the engme rnnmng, but by a sudden
jerk wilt snap ail the etmgmg oil
films, ia such cases it is worth drill
ing a tiny hole at the highest point
of the induction pffe, as sear the
cylinders as possible. . 1 bm bole is
normally plumed, either by a stud or
tap. Gasoline is liberally injected.
aI the handle or starter is used to
gain an explosion or two. After this
explosion the engine may stop, but
will be found comparatively free, and
capable of being started by handle or
electrre motor with tolerable ease.
If the. engine gams an vory badly
'indeed, or does not spark at low
speeds, the injection mttat be plan
ned to disttve the oil films on the
pistons. lu this case the removal of
the spark pings is necessary where
To Make Room For
PIE
A c?indy rr,f& J
fc 7
ills r;;8,t
MEW CHEVROLETS
We must cut down our stock of used cars, a& we
are going to sell thorn regardless of price. We nre
offering at this time more transportation per dollar
than you can get else where, regardless of where
you go. . '
We hare at this time a car to please every one,
at your own price.
1923 Buick 6, 4 passenger Coupe, A wonderful buy,
1923 Chevrolet Coupe, just as good as new,
1923 Chevrolet touring car, rebuilt.
1923 Ford Touring
1923 Ford Sedan
and several, others in older models.
Call and look them over. If yon want a good used
car we have it. ,
B. F. GOODPASTURE
Phone 1207 7th & Olive St.
ONROEGMiAGE
SERVICE OUR MOTTO
PHONE
1806
I PEARL ST.1
Pi
s
C3
I Now Under I
I Management
I Tfftwaril A tit a fn 5
I WW Ui jk u Lis w ty m
I D. M, Howard
1 A. E. Smith . A
Seals Make Good
As Life Savers
HAMRDiG. an. 10. Gf The
n!aimet! life svi?r at smninr r?
aorts may be put out of busings by
the teamed s-a Utu accordine to pre-
dimns made by fapfam llaus Wms-
tm. s local amowi t miner.
Captain Winsttm eonlvwis ibal he
hus ft seal which cauhl save h&U a.
dozea tiersons m rough water while
the ominnrr htmmn Jife saver wns
wrestling with a ringle mlivWuL
The S4'a liou trained to save Kvi'S
has been taueht fa grab men br the
back of the neck is the water nn
nvtim with them to safety without
lujurj? from bis jas.
DODGE BBQTHEBS
IMG COACH
An MIrftetive iww eoafc baa beu
atM'd to IfodK Irotbitft tuie of yass
enprr cars ami is on tftftphty tttr the
first time m the New 'ork antnmo
bile shew.
'rbarart?rMtifali.r Pod; Bmth
er," is the etwniawit mt fretaewtiy
made b wvoiva viaiuium it.
fnrefat rrgart! ftfr finality weJ?
aw beatrfy in evhicnt m every detail
kof I'oimtmrtwn mi sjwtttment.
The grawf&l bu are ss-t off to
ftdvuutup by tiio bteiitter fmtnh in
Dmljca Hmtnera b)ue, with a bxi.r
atri(e f cartouche yeHow, hroa!5
nd belt sire- black awl itm artillfrT
wheeU ae Mue. iHwts and windosr
ars xcpti&QaK tors affsrdias k
cesr rwioa on stt aulea aad iwruiit
ting ttntcrtKer to enter and trxrc tht
emr with the greimt eajw. t&
wiajdifytag tha ctasimc, The. cm
is foefred by a high -grade lock tm iht
right deer.
Ths Iwtt front eeais ti& fvm$k
(Mmg furib?r to tie eutivsaieoee ol
uLH'uiiauts. The rear seat i sracttrfa
mid comfortable, s$ftrd'mg nmpH
rtmm for three srtwHs, The upbtdtvo
i rfurk browu, attraelive a '.id s.
cyKyut weariug qaatttes,
uipswd wttb battrjffn tirca amJ i
non-rrfmbe roof, snd built &n Ih&ist
lirthem atamtow rtassis, tt tM
road.
OArVCE
Vawtft Htl Saturday, Jas id
twj; Saturday tutc Ererftn-dj
veEeeme. jH
S. B. FINNEGM
Machine Blacksmithing
Soil Trunk Tirea; Auto and Truek .Springs; Aulo
Wheels nnd Ilimsf Oxycetylen Welding
We carry carbide in enn; also blacksmith co,
nnd oxygen in tanks.
f
SPECIFICATIONS
The new Chevrolet is truly XEW in every sense of the -word. A Dum
ber of the major pnrts of the tnr have been re-designed to insure a greater
value to the buyer than ever before.
The radiator shell ia made of the new rustless airplane metal new
improvements in the famous Chevrolet motor new chassis with all moving
pnrts completely enclosed new single plats disc clutch completely enclosed
with fly wheel new stronger front axle mew banjo typa rear axle con
stnietion as is found on the highest priced ears. The frame is very stur
dy with five steel cross members new semi-eliptio springs made of finest
elironie vanadium steel, with rear springs nndershing.
The new Fisher closed bodies are equipped with the latest Fisher im
provements and Duco finish. These improvements make the NEW Chevro
let tlie finest low-priced automobile in the world.
Radiator
The design of the front face of the shell has been changed, adding
greatly i its appearance. No change in capacity or size of the radiator
was necessary because Chevrolet has long been recognized aa one of the
most efficiently cooled cars., t
Motor
The Chevrolet motor lias nnnsnal power at all speeds trader every
driving condition, qatck get-away in traffic smooth acceleration and low
fuel consumption.
The overhead .valves and rocker arms are completely enclosed to pro
tect them from grease and dirt, resulting in making a very qoiet motor.
The cruk' shaft is four pounds heavier and ,is made of high carbon
steel. The fly wheel is completely enclosed. The intake manifold has been
shortened and the carburetor raised 12 inches. The Bemy starting motor
is mounted directly in the fly wheel housing with all moving parts com
pletely, enclosed. Those improvements add to the Chevrolet power, smooth.
ne'ss and economy. '
Clutch
The Chevrolet clutch is a dry disc clnteh completely enclosed, retir
ing no Inhncntion or attention. It has four friction surfaces. It haa a light
pedal pressure. It starts the car smoothly and makes gear shifting easy
Transmission
The transmission is of the selective type with tbre speeds forward and
one reverse with a convenient hand gear shift lover. The gears are made
of vanadium steel to insure long life.
Springs
The Chevrolet is equipped with somt-elipttc springs, front and rear.
These springs are of chrome vanadium steel and are designed for excep
tional riIing comfort. The rear springs are nnderslnng for better road-,
abilitv. The low center of gravity holds the car to the road. Ths front
spring is 36 inches long and the rear spring is 54 inches long and are all lu
bricated through its ntemite fittings. -
The Rear Axle
The Chevrolet rear axle will handle all the famous power of the Chev
rolet motor. Large, strong beveled driving gears quietly deliver the power
to the axle shnfe. The axle housing is of one piece banjo type construc
tion. R!m New Departure ball bearings make possible the delivery of all
the power to the rear wheels without friction.
Brakes
The Chevrolet brakes operate on all 11 inch steel drnm wHcK
provides ample breaking surface. They are fully adjustable at each rear
wheel. A simple brake equalizing device is used to automatically insnre
equal pressure on each wheel. The emergency brakes are made of the ia-
ternnl expanding type.
Steering Gear
The new steering gear is the Bdmi-rcversible worm and gear type. This
construction makes it easy to steer the ear under all conditions. It also
prevents road shocks from being felt by the driver.
Fuel Tank
The fuel tank is of 30J gallon capacity and is rigidly fastened to th
frame. It is protected by a steel cross member. The filler cap has been
located on tho left side (no more locking when the ear stands at curb),
General
If you will inspect the bodies you will find many refinements in both
the closed and open models. Tho durable Dneo finirti on all passenger
models. The Fisher bodies on all closed models. The new W type one
piece windshield wMh automatic windshield wiper on closed models. Cowl
lamps on all models, and many other refinements in upholstering and fit
tings all of which combine to make Chevrolet an exceptionally good look
ing ear, a most comfortable car to ride in, an easy ear to drive and a most
economical car to operate. Balloon tires (31x4.40) are regular equipment
on all cloced models. Disc wheels are regular equipment on the Sedan and
Coupe, The Coach comes with wood wheels os regular equipment.
B. F. Goodpasture
?th and Olive Streets
r SOU) K DRtGGISTS