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Show THE SALT LAKE TRIBUNE, SUNDAY MORNING, MAY n- - WALL STREET Balcony Pillars of Old Theater Find Place in New Playhouse RATE MOVES Lake HIT EUROPE High or Low Discounts Affects Run of Business and Debt Parleys. By GCRVTLLE REACHE. 1929, Consolidated Press) eyes PARIS, May 25. Europe once more are turned toward Wall street speculaiion and the federal discount rate. Who would have believed 20 years would ejo that these phenomena have such effects on world economy. reserve Since the San Francisco hank rate the last of all in the federal reeenre system went to 5 per cent, Jt has been expected that the American official rate would rise to under-s-tan- d again, though it is hard cent would how a rate of 8 per iialt speculation In a stock market which doe not seem to be frightened at call money rates of 8 or even 10 per cent. But let us examine what effects such a rate rite would have on Eu-- i opean finance and politics. The committee on reparations experts have reached the decisive phase of the Paris conference. Within a fortnight either the whole edifice so laboriously constructed will collapse or a unanimous solution will be teaehed, though probably not unless Chairman Owen D. Young intervenes once more in energetic fashion. Mr. Young's awaited ultimatum will perhaps be tempered by some such vague hopes as 8. Parker Gilbert, agent general for reparations, dangled before us when he was preparing the conference. If Experts Fall Higher Rate Comes as Punishment. If the experts fail, then the raising of the American discount rate would appear as a sort of punishment Inflicted In Europe and a sign that America had washed her hands of Europe's fate. Doubtless the British ana German and even French rates would advance similarly. On the other hand. If the committee succeeds, then world speculation, including American, will naturally turn toward Europe, especially Germany and Wall street would experience a certain easing of the speculative situation. In either case, ft would seem advisable to await the result of the experts' conference before making any decision about the discount rate. The German mark. Indeed, has shown an upward tendency and, although the Bank of England was able to buy some gold this week, it is English exchange which causes the most apprehension on account of the elections next Thursday, which impel purchasers of starting to hold off. "A bad compromise is better than a good lawsuit" is what Mr. Young might say to both debtors and creditors this week, and If ha can make fact many 'hem see that international financial difficulties will be avoided. Premier Polncare, replying to the United States' benevolent offer to poncpone payment of the $400,000.-00- 0 due for war stock on August 1, has promised to get the Mellon-B- e ratified ranger debt agreement very soon, and such ratification will be easy If the experts adopt a unanimous report, for which France has done everything possible since the (.Copyright, ve fiilsl m-wm- am beginning. On the English side, the conservatives would have a splendid argument for the voters If they had succeeded in getting results before the election. It is certain that success would have been surer and quicker if Washington had been more generous about the arrears on occupation expenses. As it is, Washington's concessions as approved by leaders in congress have been Judged variously; Some think the mountain has brought forth a mouse and others regard this little concession as a symbol of Uncle dam's kindly lee ling toward his debtors. Plainly, Mr. Young's task would have been easier If Washington had been slightly more gen erous. The final sessions of bargaining are yet to come and perhaps it is not too late for Washington to do more. Europe's faith in America as an arbiter is unshaken today, but it is clear that America's prestige will be seriously diminished if the experts fail lgnominiously. earned by the city power plant since the City purchased the lines, February 20, 1920, until April 30, 1929, was $81,798.35, according to the clerk. The city authorized lease of a plot near the deiwt to L. L. Clark and Jnhn Hhrum for a service station. hard-press- BLACKFOOT, Idaho. Blackfoot seemed to be suffering a bombardment Thursday night, but it was merely the local "40 and 8" having fun with seven new Initiates. A banquet at the Legion hall preceded the parade, which was followed by a business meeting of the order and regular Initiation. The attendance was the largest In the history of the local order. Plans are being made by the Legion for Memorial day parade and ceremony. The Boy Scouts have been invited to Join and an Invitation exmen, whether tended to all members of the Legion or not, to participate. Expenditures RUPERT, Idaho. Rupert's budget, as set by the city council, follows closely the expenditures during 1928. Books of City Clerk H. B. Colwell show that during the year Just ended the municipal power plant earned a net profit of 18.855.86 and that came In from the sale of water, the latter figure being a gain of approximately $3500 over nine years ago. when water receipts totaled lit tle more than $3000. Total profit sb msjmmbjb. wsm tea HM Now Operating Under Salt Lake's BM First "6-Ho- ur and redeemed JfeaB tiwsl CLEANERS AND DYERS Day With 8 Hours' Pay" Provides Correct Humidity In Thousands of One People living in thousands of homes in all parte of the country at the Z&C Premium Station, 56 East Broadway. WmW. m All Myers Receipts for Cleaning or Dyeing should be kept and brought to Myers Plant 6 East Broadway within 30 days from date of ticket and Stamps will be given for each 10c of purchase price shown on ticket 114-11- -- ff- .1 to- DECORATION DAY breathi day are ng "ZEPHYR humidified Air." This invigorating atmosphere of healthful, washed and humidified air is within the means of erery home owner. SPECIALS Investigate ZEPHYR Air for your home. Call or write for information. 1 MONDAY, TUESDAY AND WEDNESDAY DYEING MEN'S SUITS AND 0 COATS LADIES' DARK PLAIN WOOL DRESSES AND PLAIN DARK WOOL R. E. BREWER CO. 135 South Main Salt Lake City 30 3 $ LADIES' SUITS. PLAIN DRESSES AND WOOL COATS MEN'S SUITS AND O'COATS DYED (Regular prices $5.00 up) Stamps Free OOATS Under Cleaned Special. Myers Fur Trim Coat Economy . 7 Stamps Pre Ixlt SPECIAL RUGS CLEANED Regular price $3.50) 25 Stamps Fret i ALL 3 SUITES FOR 50 1 Steps From Main Dollars $ X Valued Under $25 (Regular Economy prices si. 50 and $2) 10 Stamps Free Free 500 More CEDARIZED SANITEX STORAGE BAGS Ml Furs, Fur Coats and Winter Garments sent this week will be returned in the New Sanltex Cedarited Ban, which protect your garments from dust, dirt and moths. Hats offers everybody the opportunity to send all their cleaning to the one big responsible plant. If you wish the finest and most thorough cleaning and finishing money can buy, SPECIFY MYEBS STANDARD SERVICE AT REGULAR PRICES. If you wish rood i leaning at lowest possible expense, and do not demand all the details of expensive hand finishing. SPECIFY MYERS ECONOMY SERVICE AT POPULAR PRICES and you get the best cleaning in the city. "S. & H." Stamps with either service. I 1 $ MYERS ECONOMY SPECIAL MYERS DOUBLE SERVICE Myers b 7 Phone Was. 60 Clean up now for Decoration Day. Calls and Deliveries From 9 a.m. to 5 p.m. Can Share These Special Prices. Mall orders should specify when Economy Service is wanted otherwise Standard Service at regular prices is given. ,msCZZZ WE8T BROADWAY CO EMPLOYEES WORK ONLY SEE OUR WINDOWS "New Home of the Crosley Radios' 8 SIX HOURS a.m. to p.m. Daily Plant Open 7 Latest Process. MYERS BROADWAV Cleans Straw and Panama Hats low-pric- MAIL ORDERS All on Display in Our Windows 83-3- 0 m GET STAMPS AT MYERS' PLANT ZEPHYR AIR RUGS 88 88 .sflBHflaV NO OTHER CLEANER CAN Cleaned under Myers Economy Special.. (RefoJar prices $1.50 and $2) 10 Stamps Pre Walk f mW Will be given with all orders for Cleaning, Dyeing, beginning Monday, May 27th Stamps with every dollar. Stamp with each 10c Ten PLAIN DARK SILK DRESSES Street and Save BLfiB H W GREEN STAMPS SILKS Now in Our New Home v 4ss1sssVbMbisW. &3?m?h mm Fur Trimmed Cozy Living Room Suite Artistic Bedroom Suite Massive Dining Room Suite ' ANNOUNCE Nature's Way of Purifying Air Budget Follows 1928 w jaflSHHn HEEv mm ' FranGive you Stamps, but other merchants who have the chise will give you these Stamps and all can be placed in the Stamp Book Homes Storm Blackfoot mm SALT LAKE'S RESPONSIBLE ed Forty and Eight self-evid- Ma i Sixteen of the fluted Corinthian in Holladay. on a green slope below the white house that is now arising, Dillars which for so many years sup in design like a Greek temple, as a ported the balconies of the old Salt fitting guardian for it. There will Lake theater have not been con- be an amphitheater, where guests of will be entertained. signed to the Junk heap. They will Dr. Sears There they will stand, the rugged reign for years, as an intrinsic part of the home of a man of true sentimountain behind them, looking out over the vineyards to right and left ment. Dr. Heber J. Sears ha rescued of them, looking across the crimson these pillars of sturdy native pine, roses to the valley with the shining with their gilding tarnished by years, lake and the wall of the Oqulrrh mountains. Besides purchasing thse columns from the bygone playhouse. Dr. Sears rescued other pieces of timber, which he intends to fashion into candlesticks, book ends and various small objects, that those who receive them may possess a part of the old building' which for so many years enjoyed the reputation of being the most ancient theater of the colorful west. " f Sill SSiBB-iit- Fluted Corinthian Supports, Bought by Salt Physician, Used in Greek. Temple of Art at Holladay. with their plaster acanthus leaves falling away, but with their rugged strength not one whit diminished. He is causing to be built for them a home worthy of their proud associations, for they will shortly be a significant part of a little Greek theater, replica of many which dotted the plains and hills of ancient Greece. tv. tinv ihutir will he built un der the shadow of Mount Olympus 26, 1929. HOURS' I 7 114-11- 6 EAST BROADWAY LHLHHiHiili H mnx' 11 BQsl SrlCwvvvwW |
