The Akron Beacon Journal from Akron, Ohio • Page 12

AKRON BEACON JOURNAL' WEDNESDAY, NOVEMBER 25, 1931 MARKET REVERSES ITSELF, CANCELS ALL PREVIOUS GAINS TWELVE DEATH VII 'Hello' Man At Zeppelin Dock QI CITIES FILL Balloonist Back Home After Narrow Escape Many Issues Pushed Into New Low Territory During Trading A BUSINESS MAN'S PHILOSOPHY By William feather OVER ALF TAYLOR CHESTS IN DRIVES SOME people think the machine, which typifies the present age, is a monster that will destroy us. A magazine had a debate on this subject, and defended by Miss against the the machine age was brilliantly Genevieve Taggard. Miss Taggard says that the machine comes from people who don outcry "It is," she affirms, "the romanticism of people whoi have summer homes and who do a little decorative work on valueless farm land. Common people on the whole prefer to work with machines rather than without them. Well, I think they are healthy and sound.

A farmer Isn't romantic about unstandard-ized labor. He knows what he wants when he buys a tractor. William Feather "The young men (and the young women) who write about how machines devour and crush them and soil love and mangle the wing of the butterfly are the same young men who had to leave the farm because they wouldn't get up at 5 and help pa milk the cows." iff pap UKaTPSMBtWIsTt J-sVP lawwa A.rTCr vlfr'xJHI Commodity Markets f'x it tlFi The Goodyear-Zeppelln dock at municipal airport is no woman's land. The stenographers and telephone operators there are men. The photo above shows Kasper Sees of 1018 Bye at the 80-hole switchboard at the dock.

Sees was injured while working on the U. S. S. Akron two years ago. When he recovered sufficiently he was made switchboard operator.

have to work. WHOLESALE MARKET FARM PRODUCE By Summit Oaeweri' Market Apples, bushel 60090c i bunches 25c Cabbage, bushel carrots, homegrown, I bunches 25c Celery, basket. 3 dozen Cauliflower, basket Grapes, one-half bushel 40950c Lettuce, head, basket 40c onions. 60-pound sacks I1.00OJ1.25 Peppers, one-half bushel 35c Potatoes, bushel toe pumpkin, bushel 80c Radishes. 3 dozen basket soc Spinach, basket BOc squash, Hubbard, bushel 50c Tomatoes, ft bu.

basket ll.OOQl.SO GRAIN By Schott Mllllnr Co. Wheat, old 50c Wheat, new 50c Rye, bushel S5c Oats, bushel 35c Corn, ear, bushel 36c By Walsh Milling Ce. Wheat, old sic Wheat, new 51c oaij, ousnei 28c By Akron Feed Milling Co. (Pricei oaid farmers) Wheat S6c By Moody A Thomas Milling Co. (Delivered at Peninsula Mill) Wheat, bushel eoc LIVESTOCK Bv Zlmmerlv Brae.

Calves, pound TS8c Calves, medium 7c Hogs, pound 45c Lamos, pound 66e POULTRY Prices Paid Farmer! By Dettlluf Bros. Heavy hens, pound 30c Medium hens, pound 18c Leghorn lowls, pound 13c Leghorn broilers, pound 13c Heavy springers, pound 17c Ducks, pound 12c Geese, pound 13c Turkeys, pound 33c DRESSED MEATS Prices Quoted bv Armour A Co. steers, prime, pound 1717l4c Steers, fores, sound 41 fir Steers, hind, pound 2022c steers, chucks, pound 14ffil5c Steers, loins and ribs, pound 22c Steers, fair to medium, pound 1013c Steers, fair fores, pound 11 12c Steers, fair hinds, nound laiffliffc Steers, lolm and ribs, pound 18c cows, pound 7l0c Cows, fores, pound 7 Hi 9c Cows, hinds, pound BtatlZc Cows, ribs and loins, pound 12c Calves, choice, pound 14c uaives, cutis, pound 10012c Lambs, choice, pound 18c Lambs, medium, pound 12 By Zimmerly Bros. Pork loins, pound 2224c Fresh ham, pound 18(c20c Bacon, pound 226j24c Lard, pound ioc Prime cows, pound 10012c Prime ateera, pound ,,,...,153180 uommoD cows, pound PRODUCTS Butter, pound 33c freih, dozen 25043c raid Farmers by Acme Stores Eggi, fresh, local (arm, dozen lie HIDES By Shafer Leather Co. Hides, No.

1, 2c: No. 3 lc Bull, No. 1, lc; No. 2 ttc Calf, No. 1, 4c; No.

2 3'c Kip, No. 1, 3c; No. 3 IVic Calf, light 20c Deacon 10c FORMER RESIDENT OF LODI SUCCUMBS Merle S. McConoughey Dies At Tuscon, Rites Are Arranged Special to the Beacon Journal LODI, Nov. 24.

Funeral services for Merle S. McConoughey, 36 prominent Mason and former en glneer of the Goodyear Rubber at Akron, will be held Wednesday afternoon at 2 o'clock in the home of his parents, Mr. and Mrs. Curtis of Lodi. Harrisville lodge F.

5c A. M. of Lodi will be in charge of burial rites in Woodlawn cemetery and Rev. Virgil E. Myers will officiate.

Dies In Arizona McConoughey died last week in Tucson, Ariz, where he had lived since he suffered a physical break down four years ago. He was a member of the higher bodies of free masonry including the 32nd degree and tne Scottish rites. His early life was spent in Lodi where he graduated from the. local nign scnooi with the class of 1913 He was also an alumnus of Ohio state university. He was employed as a mechanical engineer with the Goodyear Rubber Co.

at Akron and with the Naval Aircraft Co. at rniiaaeipiiia. 8urvivors are his wife, Mrs. Mame Mcoonougney, his parents, Mr. and ivirs.

i. h. Mcconouehev of lirti and a sister, Mrs. H. Strom? of New 4 au i Veteran Of Many Political Campaigns Loses Last Hard Fight FORMER CONGRESSMAN By The Associated Press JOHNSON CITY, Nov.

25. Former Governor Alfred A. Taylor, the 83-year-old Stvge of Happy Valley," whose colorful carreer in Tennessee politics brought him na tional prominence, died early today at Appalachian hospital here. It was he who participated in the famous "war of the roses," a campaign for the governorship that he and his brother. Bob Taylor, waged side by side against one another.

Ill Since 1929 He had been in ill health since 1929, but it was only recently that his condition became critical. He lapsed into a coma Monday. The old political leader's two sons, Frank and Blaine Taylor, were at his bedside when the end came at 5:45 a. m. (Eastern standard time).

Complications arising from uremia poisoning caused his death. Roses, red ones and white ones, played an important part in the life of "Uncle Alf who lost his "war on the roses" back in 1886 and built a house by the side of a road in Happy valley so he could be a "friend to man and hunt foxes." The war Is still fought by the firesides in Tennessee's mountains. Campaign Together Alf was nominated for the governorship by the republicans and his brother, "Fiddling Bob," Robert Love Taylor, was nominated by the democrats. The two campaigned in the same buggy, debating by day and sleeping together by night. If their father, old Col.

Nathanial Taylor, had not made the decision to let his sons fight it out, that campaign might have been still more a family affair for he was urged to run as the Prohibition party's candidate. One night Bob and Alf stopped at Bridgeport, after a rally at Madisonville, and their hostess, thrilled by tha sentiment of the campaign, pinned a red rose on Alf and a white rose on Bob. "Wear these for your mother," she said, "I know she is proud of two sons who can differ so in poll-tics and still love each other." Wage War Of Roses So it became the war of the roses. Alf entertained his crowds with his fox hunting tales and Bob fiddled. The fiddle won and Bob went to the governor's chair and Alf came back to Happy' valley and his fox hunting.

Alf Taylor had left a seat in the national house of representatives to make the race and in 1889 his district returned him to the post where he served until 1895. In 1920, his party again called on him to run for governor and he won. It was no "war on the roses" then. Bob had died while serving in the United States senate. In 1922, "Uncle Alf" again was defeated for governor and returned to his home in Happy valley where his fox hunts have become a tradition among southern sportsmen.

PITTSBURGH PRODUCE PrTTSBURa. Nov. 35. (INS) Poultry-Market steady; demand ample; supply ample; heavy hens 21423c; medium hens 18 620c; Leghorn hens 15(gl7c: Leghorn laiffnc; heavy colored jprlngert 1921c; small colored springers 1719e; roosters 1214c; ducks nffllBc; geese 15 lc; lurkeys No. l', 356280; No.

2's, 20623c. Butter Market steady; demand ample: supply ample; 12 score 31c; It score 27c; (g score standard Iggs Market iteady; demand ample: supply ample; nearby current receipts 24 27'Ac; fresh extra firsts SH433c; hennery whites extras Vegetables Market steady; demand moderate; supply moderate; tomatoes. Ohl hothouse -lb. baskets medium ll.40ffll.S0: large 1 00; California lugs, 6x8 larger 2.5063.00; 6x7 smaller CHICAGO LIVESTOCK CHICAGO, Nov. 25.

(INS) Hogs Receipts 22.000; 10 to 15c higher; top 455; bulk 4254T450: heavy 4258450; medium 435 4i 455; light 420(r4o5; light lights 400 440; packing sows S75410; pigs S85415, holdovers 5.000. Cattle Receipts 13.000; steady. Calves Receipts beef steers, good and choice common and medium 5001000; yearlings O0giHO0: butcher cattle, heifera cows S25ffli 550; bulls 325ff525; calves 5008750; feeder steers 400(8700; stocker steers 3506850; stocker cows and heifers 3004(450. Sheep Receipts 25o higher: lambs 550E680; common year, lings 4006500; ewes 100300; feeders 425 COTTON MARKET NEW YORK, Nov. 25.

(CPAI Cotton prices were two points lower to three points higher at the opening of the market today. Trading was In fair volume. In distant positions, hedge sales were heavier than the moderate volume of speculative buying. In December, trade buying served to offset commission house selling. Opening prices were: December 6.28, up January 6.35, off March 6.53, off May 6.72, off July 6.80, off 1, and October 7.17, off 1.

REICHSBANK REPORT BERLIN, Nov. 25. (AP) The gold coverage of the Reichsbank rose last week from 28.7 to 27.5 as a result of a reduction in the volume of note circulation by 170,268,000 marks, although the actual amount of gold dropped 20.457,000 marks while foreign exchange was 15,743,000 marks higher. Ths Reichsbank holdings of bills of exchange dropped 126,373,000. EQUIPPED RE HEAR FAVORABLE NEWS Br GEORGE T.

HUGHES Beacon Journal Special Dispatch WALL STREET, NEW YORK, Nov. 25. Once more the stock market reversed itself today, cancelling all of Tuesday's gains and extending the main decline for many issues into new low territory. The outside news was most ly unfavorable. Car loadings for the week ending Nov.

24 were down 26,663 cars from the week Geo. T. Hugbei before, a great' er than seasonal decline. October earnings statements conv ing to hand made the usual poor comparison with those of a year ago. Although the income accounts in 1930 at this time were rapidly decreasing, the percentage of decrease month by month shows little Improvement.

Steel Is Discomforting Bteel operations were back where they were two weeks ago, namely at .79 per cent of capacity, and there was no comfort to be had from that source. The commodity markets started in lower with stocks and that had a depressing Influence. As usual the rails led the down. ward movement. Pennsylvania at $25 a share was selling at the lowest since 1877.

New lows for the bear market were made by most of the active Issues, including Atchison, Union Pacific, Baltimore Ohio, and New York Central. These new lows come with such monotonous regularity that it is hardly necessary to catalog them. Pressure was directed against the public utilities, especially the com munication shares. International Telephone made a new low and American Telephone had yielded four points by noon. U.

3. Steel was the most conspicuously weak Industrial, also in new low ground. Substantial losses were recorded by Allied Chemical, American Can, Eastman Kodak and J. I. Case.

Makes New Low Westinghouse Electrio made a new low early in the day. The report that the directors were to meet for dividend action today, however, was an error. The meeting will not be held until sometime next month. American Locomotive omitted the common dividend due at this time, but that had been expected. Directors of the Superheater Corporation put its common stock on a $1 annual basis against $2.50 previously paid.

Although a very weak looking affair, the market was quiet and orderly and operations were almost exclusively for professional account. The declines were the result rather of a lack of buying interest than of any great Increase in offerings. Call money was in abundant supply at 2 1-2 per cent, with little demand. GRAIN JMARKET Short Notes Gleaned From La-Salle Street In Chicago By The Associated Preu CHICAGO, Nov. 25.

Lincoln, Neb reported bidding equal to 6 cents over Chicago December for wheat failed to bring out offers. A Winnipeg correspondent wired the market was well liquidated and sales from the country were small. The demand for wheat In England was reported insufficient but there were indications that France and Italy might take large quantities in the near future. England and some other smaller importers were expected to continue buying liberally, but Germany was too poor to Indulge in buying foreign wheat Just now. The wheat crop of Greece was officially forecast at 12,236,000 bushels against 12,493,000 bushels last year and an earlier forecast of bushels.

Trader said after the close yesterday that they believed the market had been well liquidated, heavy selling was credited to leading longs around the low prices of the day, on a break of practically 15 cents from the recent high. The rally that followed suggested that the pit position had improved, and a moderate upturn would be in order. Vessel charters have been made at Chicago to move 900,000 bushels of wheat to eastern ports, largely Buffalo. Boats have also been chartered at Duluth, Fort William and Port Arthur. The season of lake navigation is rapidly drawing to a close, and freight rates from Chicago to Buffalo are 2 cents to go down and unload, 2 1-2 cents for storage at Duluth and Port Arthur or at eastern lake ports.

Open interest in grain futures on the Chicago Board of Trade: Wheat Monday, 126,237,000 bushels; Saturday, Week ago, Corn Monday 41,209,000 bushels; Saturday, week ago, 40,344,000. Movie Operators End Kansas Strike KANSAS CITY, Nov. 25. (AP) Settlement of the motion picture operators strike, in effect here since Oct. 1, was announced last night after a conference of union representatives and theater owners with H.

F. McElroy, city manager. McElroy, who acted as spoKesman for the conferees, said the opposing factions had adjusted their wage seal for each theater with the purpose of furnishing as much employment as possible for operators. r1 vm 1 Raise $7,401,667 In State As Akron Gives $662,856 GOALS ARE EXCEEDED On the eve of Thanksgiving a score of Ohio cities have raised In Community Fund campaigns to carry their destitute and needy through another year. Akron completed its drive Tuesday noon, when the goal of $639,525 was oversubscribed $23,331.

Total pledges in Akron reached $662,856. In spite of the double handicap of hard times and the need for larger relief funds, the drives throughout Ohio, with only a few exceptions, have gone over the top. Cleveland has exceeded its greatest Community Fund goal. Setting out to raise $6,650,000, the campaign was brought to a close today with this sum oversubscribed more than $30,000. This was the largest sum ever raised by any city in the world in a strictly Community Fund campaign.

Columbus Passes Goal Columbus last night lighted a giant red flare above its tallest building to signalize success of its drive for $897,098. That figure was surpassed by $15,359. Warren, came through with $119,656, where only $112,403 had been asked. Bedford, which raised $5,450, and Barberton, where $39,628 was subscribed, also passed their goals. Bedford had asked $5,000 and Barberton $39,160.

Here in Akron the campaign was concluded one day in advance of the deadline fixed when the drive was launched. While the campaign Is officially ended, there are two divisions of workers still digging In today the small manufacturers' group and the Cuyahoga Falls group. They will not be satisfied, their chairmen said, until they have attained their quotas. Results of the campaign In Akron follow, with the several Community Fund divisions and the amounts they reported pledged as follows: Merchants, Cuyahoga Falls, women, $32,228, including special gifts of Akron university, $1,120, and social agency workers, public schools, public utilities, Industries Exceed Quotas Goodyear Tire it Rubber General Tire fc Rubber B. F.

Goodrich Firestone Tire Rubber Quaker Oats 030; general industries the small manufacturers $63,195. Public buildings and offices, 502, including $3,464 from the court house, and $5,113 from the city hall. In making her final report yesterday noon, Mrs. Case, chairman of the women's group, said $169 had been contributed at Children's Home, and that solicitation among the domestic employed In Akron homes had. brought in $169.

The Junior League gift of $2,000, Mrs. Case declared, was "a gift from heaven." A dozen Ohio cities still were en gaged in their campaigns today. Dayton, where $975,067 was asked. was confident of obtaining the 590 still needed today, the closing aay or the drive. Governor George White's state re lief committee, however, has esti mated that even If all the Commun ity Fund drives are successful, an proximately $16,000,000 more will be needed for state relief work.

The total community Funds amount to sa.uuo.ooo. Cities Complete Drives Cities which have completed their drives, their goals and the amount subscribed are: Goal Pledged Cleveland (5,650,000 Columbus 879,097 (5,680,026 912,457 662.858 119,656 87,790 103,112 65,617 50.390 50,000 39,628 15,086 13,796 10,688 9,850 Akron 638,525 Warren 112.483 Zanesvllle 103,800 Steubenvllle 100,057 Elyrla 85,000 Lima Sandusky Barberton 39,160 Norwalk 15,000 Troy 12,000 Conneaut 10.650 Medina t.000 Wllloughby 7.000 9.000 Toronto 7,000 7.200 Oelrna 5,000 6,500 Mingo Junction 3.000 6.200 Orrvlile 2,500 2,700 Kenton 2,500 2,650 Alliance received pledges for $31 2 in a city solicitation campaign. Bucyrus' recently appointed unem ployment committee will campaign lor Campaigns In Progress Campaigns still In progress today ana tneir status: Goal Pledged Dayton 8975.067 1722,492 Lorain 75.000 55,8.16 Asniana 30.000 29,917 Flqua 20.000 Athens 15.000 Kent 12,555 New Philadelphia 12.500 13,324 11,892 9.142 7,500 Wadsworth 7,000 CHICAGO GRAIN FUTURES Grain Futures Open Close Close Wheat Today Yesterday Year Ago Dec 55 .55 March SVi May .60 .814 July 58 14 .58 .76 Corn-Dec 40Mi .414 March 42 .43 .78 '4 May 444 .4544 .79 July 48i .8014 Oats Deo 25V .334 March May 28 'i .38 July 11V, Rye-Dec 474 March May 51 'i .521 .46 July 51 '4 .52 .47 Lard Nov .45 9 90 Dec .1 8.10 9 87 Jan 6.12 9.77 Bellies-Jan 5.97 11.75 May 6.40 TOLEDO PRODUCE TOLEDO, Nov. 25. (AP) Butter lc lower; tancy creamery prints S3c; tubs S2c; medium grade prints J0if31c; tubs 29c.

Eggs unchanged; fresh extra flrstt Jl 32c; flrstt 294i30c. RETAIL MARKET By Tbt Central Market Applet, Delicious, 4 lbs. 25c Apples, Jonathans, 4 lbs. 25c Aiparagus, bunch Bananas, pounds 25e Beans, 3 lba Jic Beets, bunch So, for 10c Broccoli, 15e: 3 lor 5e Brussels sprouts, box lie; i tot 35c Cabbage, pound Oairoti, bunch 5c, I for loo Cauliflower, lb J' Celery hearts, bunch Celery, Pascal, 1 for Celery cabbajt, pound Chestnuts, homegrown, pound S'c CTanberries, pound Je Cucumbers, hothouse, 3 for Dates, bulk, pound 15c, 1 tor Eggplant, 3 ior 16c, 4 for 25c Endive, bleached, 3 lbs. 25c Endive, fresh, lb J0 Orapefrult, new, seediest, 4 for 'f Orapea.

Concorda, bakt.luwlpc Orapet. red Malaga, 3 poundi 25c Lemont, i for 10c; doten 'Je Lettuca, homegrown, head Lettuce, Iceberg, pound Lettuce, lear, pound Melons, honeyflew 3545e Mushrooms, pound S04J40C Mustard greens, 4 pounds J5 Onions, dry. 4 lbs. for Oranges, Sunklst, dozen 3555c Peat, pound 18c: 3 tot Peart, D'Angou, pound Pomegranates Peppers, doten joe Pineapples. 18c! 1 for Jc Potatoee, O.

8. Maine, peck 23c Potatoea, Vlrglnl tweet, ll-lb. Potatoee, Idaho, 1 pound Squash, Hubbard, lb 'c Sweet Annes, bunch 10c, i for 2jc Tangerines! dozen 18c, 3 for S5e Tomatoes, homegrown, 2 a. ior Tomatoes, hothouse, lb 10318c Spinach, 3 lbs JJJ Watermelons, Colorado DAIRY PRODUCTS By Gsniolaa Hedford Market Butter, Bumner't, tub 37o, print 38c Eggt, nearby farm, dotes Cheese, Swiss, pom i'll Cheese, cream, pound 304J35C MEATS By Zimmerly Bret. Beef roasts, No.

1 Beef roasts. No. 3 iiillj Beef tteakt. No. 1 35640c Beef tteaks, No.

3 30c FISH Quotations for Thursday and Friday By Bermlngham't Market Bonelest herring, pound Whitefish, pound Halibut, pound 40c Cod, pound Fillet or sole, pouno Fillet of haddock, pound 25c Haddock tenderloin, pouna ine Mackerel, pound 35c Perch, fresh caugnt, pouna ptl-c fresh cauaht. bound Trout, pound pouna Finnan Haddle, pound Blind robins, pound 40c Russian sardines, pound 35o Salmon, pound 5C Salt cod, pound 45c Salt herring, each ic Pickled herring, each 1" OYSTERS Standards, quart 0 Selects, quart "lc New York counts, quart POULTRY Ducklings, pound 38c Fowls, pound 38c Springers, pound 38c GRAIN By Botinm Bret. Oats, bushel Chop feed, cwt H-45 Chop feed, cwt, 11.50 Straw, cwt, Oreen Cross, cwt Timothy, cwt 11-00 Clover hay, cwt. 11-20 Alfalfa hay, cwt 3125 Shelled corn, buthtl 70c Standard middlings, cwt 11.35 Growing Mash, cwt. .12.35 Chick grains, cwt 12.05 By Ichott Milling Co.

Scratch feed (first grade) 11.23 Scratch leed (second grade) ...11.15 Cracked corn (first grade) 1.70 Chick ttarter, cwk 13.00 Egg mash, cwt. ..12.05 Rabbit feed, cwt. ..12.71 16 dairy feed, cwt, ,..,,11.60 24 dairy feed, cwu 12.00 32 dairy feed, cwt 12.25 White tablt meal, cwt. 12.25 Rye, per bushel 80c Bread flour, 34H-pound tack 0c SUGAR, FLOUR By The Acne Storea Sugar, 25 pounds 11.29 Gold Medal flour, tack 19c Mother's flour, sack 73c Ohio Queen, large sack 49c Flour, paatry, barrel $3.60 Potatoes, new. basket 18c Eggs, fresh, doten PITTSBURGH LIVESTOCK PITTSBURGH, Nov.

25. (INS) Hogs Receipt! holdovers 300; market mostly 10 to 15c higher; uneven; bulk 150 to 310 lbs. 500i510; one sale 425; no criterion of general trade; 310 to 240 lbs. 475(i500; 240 to 310 lbs. 470IR475; 100 to 140 lbs.

450t475, largely: packing tows around steady; bulk 350375. Cattle Receipts 50; practically no trading; quotations little change. Calves Receipts 125; market active, strong to 5tc higher; good to choice veal-ers 750tft850; common and medium kinds 450ff700. Sheep Receipts 800; market opening around 50c higher; good and choice light to medium weights 650(g700; top handy-weights 72J; mixed lots and medium grade 550M 625; common kind 4000500; aged stock scarce. CLEVELAND LIVESTOCK CLEVELAND, Nov.

25. (IN8) (United States department of agriculture) Hogs-Receipts holdovers none; 15 to 20c higher; most 180 to 300-pound weights 4854(490, top 500. Cattle Receipts SM; steer active, strong to 25c higher; cutter and medium light weights 425725, bulk around 550 650; low cutter to common cows mostly steady at 200350; best weighty sausage bulla 4250 450. Calves Receipts 350; vealere active and strong. 50c higher; better grades 600Q 850 or above; culls to mediums 9006700, mostly 800 upward.

Sheep Receipts lambs steady to mostly 25o higher; cutter grades 450 700; throwouts up even more at 450tj'575, largely 500 upward. TOLEDO GRAIN TOLEDO, Nov. 25. (AP) Toledo grain on track 28Wc rate basis nominal. Wheat, No.

2, red No. 1, red 56ViiM'57. Corn, No. yellow 40mj41Vi; No. 3, yellow 38840; No.

4, yellow 3H637'i. Oats. No. 2, white 2714 428; No. 3, white 2628.

Grain In store, transit billing attached, wheat 5'vTg above track quotation; corn i'i above; oat! above. Seeds in warehouse nominal. Red clover contract, cash, prime 0.00; December 9.25; February 8.50; March 50. Alalke, prime cash I SO; December 1.75; February g.00; March 1.10. Milford Vanik, 25-year-old balloonist, who was lost for two days in the Canadian wilderness, is shown here with his mother, upon his return to his home In Cleveland.

Vanik had a narrow escape from death when his balloon, caught in a storm, drifted to a point 70 miles east of Sault Ste. Marie. He was slightly injured. Everyman's Investments -By GEORGE T. HUGHES FINANCIAL STATEMENTS VIII Having defined current assets and current liabilities in the article immediately preceding, it is now in order to examine the Individual items which make up the two accounts.

Take the following imaginary balance sheet for illustration: Assets Fixed Assets Property Investments' in affiliated companies 15,000,000 Good will 7,000,000 Total fixed assets $122,000,000 Current Assets Cash 9,000,000 Accounts re-. ceivable (less reserve) 10,000,000 Marketable securities 12,000,000 Inventories 17,000,000 Total current assets. 43,000,000 Total assets $170,000,000 Liabilities Capital Liabilities Capital Stock $105,000,000 Funded Debt 3,000,000 $108,000,000 Reserve for Contingencies Surplus Current Liabilities Notes 12,000,000 32,000,000 Accounts Payable Payable Reserve for Taxes Total 4,000,000 12,000,000 2,000,000 Current Liabilities 18,000,000 Labilities $170,000,000 The current liabilities are either Immediately due or due in the very near future. The only source from which sums can be obtained to meet these payments is the current asset account. Obviously property cannot be sold for that purpose nor could Investments in affiliated companies be liquidated because as a rule such Investments have no ready market.

Surely "godH will" is not available for meeting current debts. First Is Cash The first item then on which we can rely In the above statement is cash. It sometimes happens that a corporation has cash sufficient alone to cover all current liabilities, in which case the position is the strongest possible. In out suppositious setup, however, the cash will meet only half the current liabilities. The next item then is marketable securities, on the theory that these may be turned Into cash without delay.

That depends on the nature of the securities. If they are U. S. government bonds, they are considered the equivalent of cash in balance sheet analyses, but our statement does not particular. However, ordinarily it would be regarded as safe to assume that an additional $12,000,000 is available and that, with the cash, would meet all the current liabilities with a mar gin of $3,000,000.

(Mr. Hughes' next article will appear in the Beacon Journal next Saturday.) PLAN SPENCER RITES CINCINNATI, Nov. 25. (AP) Robert Spencer, 76, who in the early 80's was editor of the Columbus Journal, now the Ohio State Journal, Columbus, will be buried here today. He had been with the printing department of an insurance TOLEDO LIVESTOCK TOLEDO, Nov.

25. (INSI Hogs Receipts 100; market 10 to 20c higher; heavies 425M40; mediums 450485; heavy, mixed and bulk piw and lights 42jfrr450; roughs 3 00 375; stags 200.250. Cattle Receipts 550; market steady. Sheep and lambs market 25c higher; top 400r-r 600. Calves market 50c higher; top 750MOO.

U. S. TREASURY REPORT WASHINGTON, Nov. 35. (API-Treasury receipts (or Nov.

23 were expenditures 80.220, 636.49; balance Customs duties for 23 days November were 122,090,487.05, I Texas Victory Gives Party 218 Votes With Two Vacancies Unfilled GARNER WINS STRENGTH By The Associated Press WASHINGTON, Nov. 25. -Democratic organization of the new house appears certain as a result of the party's victory In the 14th Texas congressional district yesterday at a special election. Election of Richard M. Kleberg of Corpus Christl, democrat, gave his party a majority of one of the house membership of 435.

The new lineup: Democrats, 218; republicans, 214; farmer-laborlte, vacancies, 2, Democrats Are Encouraged The outcome encouraged the democratic membership as the leaders laid plans to elect Representative John N. Garner of Texas, as speaker, and take over the house after 13 years of republican domination. The Texas election attracted nation-wide attention because of the close division of party power and the effect It would have on house organization. President Hoover scanned the returns at the White House, while. Garner received them at his hotel quarters, as they straggled in from the district that had been held by the republicans since the Harding landslide in 1920.

Vacancy Is Filled The election was held to fill the vacancy created by the death of Representative Harry M. Wurzbach, lone republican from the Lone Star state. The election also was a victory for the anti-prohlbltlonists. The former cowboy from King's ranch, as well as Johnson, advocated modification of the 18th amendment. The democrats hope now to cap ture the fifth New Jersey district at a special election next Tuesday to fill the vacancy created by the death of Representative Ernest R.

Ackerman, republican, In view of their gubernatorial victory Nov. 3, when A. Harry Moore was elected Moore carried the district by 10,000 over David Batrd, republican. Seek Party Harmony The vacancy in the first New Hampshire district will not be filled until Jan. 5, too late for the winner to take part.

With the Texas district safely in their column, most of the demO' crats are looking to Representative Henry T. Rainey of Illinois as the floor leader selection. FAITH Faith MAY not literally' move mountains but it DID rent a 6-room house in 1 day. L. M.

Hager of 1205 East says, "The house CROSIER, 211 Modern 8 rooms, finished third; good condition; hardwood; new furnace; near school; in. HE-1288. was rented and a check for a month in advance clinched the deal!" When asked why he placed the ad for 1 day only he said he was quite sure that was all that would be necessary. For rates and assistance in wording your ad-Dial JE 8-1-6-1, ask for an Ad-Writer. THE BEACON JOURNAL CLASSIFIED SECTION MOST WANT AOS RRADRR ATTENTION RESULTS I HOUSE MAJOR TY News In Every Line BIRTHS IN THE COUNTY (Names of fathers only are given) BOYS Leander 0.

Haddock. 343 Ruckel rd. MarshaU O. Teter, not Big Falls a v. Ralph C.

Fox, 708 Cato av. John O. Goelz, 1434 Neptune av. Anthony Octavec, 862 Nevin st. 71111am B.

Sembrio, 1044 Va Johnston at. Lee A. Taylor, 51 N. Adams st. Louis Nagy, 33 Brookside Trail.

Bert O. Francis, 117 Kelly av. Arthur J. Wilson, S37 Bowery st. Bernard E.

ntllwnrth nn, isi.aa D. 1, East Akron. Harold Rogers, 1068 Wilbur av. Joseph Walker. 033 Folti st.

Joseph L. Dickens, 131 Brighton dr. Theodore R. Wilson, 1444 Hart at. James Dunning, 1086 Seventh av.

Boyd D. Brouse, 1063 Oolllnwood av. GIRLS Wellington 8hook, 3336 S. 11th st. Ralph Snyder, 84 Byera av.

Flavey L. Brown, 183 Roswell st. Henry O. Maloy, 17 Brelding rd. Anthony D.

Karg, 339 Cross st. William Barath, 809 Sumner st. Ray H. Elllfrltz, 18314 w. Cedar st.

Vincent W. McMullen, 1060 Norka st. John Rtroot Falls. William W. Lowrey, 300 First Cabin ct.

Elmer L. Wliitaker, 876 Boulevard t. Samuel Fabrisio, 022 Dan at. Albert C. Ersklne, lsi Ido av.

Quy E. Myers, 608 Selberling st, Ralph WestfaU, 15 Hart pi. Stephen Lasko, 684 Washington st. Carl Moore, Wilbur av. MARRIAGE LICENSES Jam wthf, a ociviuB station owner, 193 W.

state Barberton, and m.rma noyer, 1804 Hampton rd. Richard Harpsier, ST, proprietor, 483 Wabash and I.n Unn ii1 318 W. Chestnut at. Leo E. Grabski, 37, salesman, Brecksvllle and Laura O.

Greenleaf, 21. stenographer, Peninsula. Bonnie Hale, 24, rubberworker, Sawyer-wood, and Mae Moors, 35, rubberworker, John W. T.nnpftat- 24 Palmetto and' Merle G. Rhodes! 27, Inspector, 300 Black st.

Harry Biggie, 31, city fireman, 1266 Al-burta Barberton, and Ciole Montgomery, 24, housekeeper, 1266 Alburta Bar- Clarence E. Crutchfleld. 23. mechsnlc, 378 Campbell and Isabelle J. Qola, IB, 928 Nathan st.

Robert C. IB rl.t.A er, 46 W. Miller and Ruby Woodrum, uuuatrworK, iioi uetx St. Ivan Campbell, 32, rubberworker, 872 Hoplcan Barberton, and Corrlne Glpson, 21, housekeeping, 33 21st st. Barberton.

flenrffft Mill Ir 41 til and Leona Weller, 23, 723 Boulevard St. DIVORCE SUITS FILED Luella P. Burch, 1528 Malasia vs. Delmar A. Burch, 1718 Marks cruelty.

Grace E. Thnmai 031 nlim.n) Albert Thomas, 832 Clement drvink- cuurns. Anna Deselms, 147 Hall vs. David C. Deselms, 745 W.

Wllbeth neglect. DIVORCES GRANTED Marie B. Hamilton from George M. Hamilton. Lucy A.

Puckett from Robert T. Puck-ett, Aileen L. Orcer from Wlllard L. Greer. Ethel Jones lrom James Jones.

ESTATE INVENTORIES William a. Plant. 13,601. A. B.

Davis, 85,842. Blanche M. McNeil, 11,750. ESTATES FILED Robert Young. Charles Belecky.

Edward H. Lowther. Charles Johnson. WILLS FILED W. Clvde Weachter.

John W. Rldgs. CLEVELAND PRODUCE CLEVELAND, Nov. 25. (IN8I Butter-Extras 30c; standards 28c; market steady.

Eggs Extras 33c; firsts 29c; market steady. Live poultry Heavy fowls 30c; medium fowls 17c; Leghorn fowls 12rdil5c; heavy Droiiers liecioc: Leghorn broilers lS'aloc; ducks 12Cftl6c; young geefie 13c; old cocks uti uc; young turkeys 26c; market steady. Homegrown Ohio Produce Apples Varloua varieties, per ousnei DaaKec. Beets Bunched, per bunch. Cabbage Round type, per 254 35-lb.

basket. Carrots Topped and wished, 10 15c -per bunch. Cauliflower Best, 60g75c per 10-lb. basket. Celery Thirds, 60670c per one dozen-bunch basket.

Lettuce Leaf, 25c per 10-lb. basket. Onions Green, 12Mtc per bunch. Parsnips Washed, 30fil0o per bushel oasket. Peppers Green medium, 15840c per Vt bu.

basket. Potatoes Ohio Cobblers, 50c per bushel SRCK. Radishes Red, round type, mostly 5 60o per 2 dozen-bunch basket. Spinach per 10-lb. basket.

Tomatoes Hothouse, mostly 81.25 per 8-lb. basket. Turnips Topped and washed, 33SB0c per bu. basket. LIVERPOOL COTTON LIVERPOOL, Nov.

28. (API Cotton- Spot In better demand; Improved business, prices three points higher; quotations in pence; American strict good middling 5 67; good middling 5.27; strict middling 5.07; middling 4.97; strict low middling 4.87; low middling 4.77; strict good ordinary 4.57; good ordinary 4.27. No receipts. Futures closed barely steady; Dec. 4.58; Jan.

4.57; March 4.59; May 4.4; July uct. 1.76; uec. t.au. FLYING CLOUD SEDAN Now $H95 Was $1695 DELIVERED 121-Inch Wheel Bage Hydraulic Brakes Silent Second Transmission The Predmore-Henry Motor Co. 328 W.

MARKET ST. i.