Show 8 THE OGDEN STANDARD-EXAMINE- Mechanical Man Guest of Honor Babson Shows Effect of High Money On Building and Scores possible to force building activity it might not always be desirable In those- places where building has been overdone where there are toq many houses and apartments or stores or factories already the only cure for the situation Is to let up on new construction until the demand has caught up with the supply The country as a whr3e however fs not overbuilt We are increasing in population at the rate of 1500000 a year These people must be housed Moreover the rising standard of living since the war makes the average family demand better accommodations than Also the it occupied" in 1913 movement of families to the suburbs of cities made possible by automobile and other rapid transit facilities causes a great potential demand for new housing The growth of American industry and commercial activity requires the alteration of old plants to suit new requirements "In spite- - of the huge road building carried on present highways are woefully inadequate to take care of the 4ncreasein motor traffic Expansion of public utilities means huge expenditures for future construction While overbuilding of certain types in certain looalities may have occurred the demand for the CountryXas a wliole Is sure to be commensurate with the prosperity and growth of the country The recent halting tendency in building is more the result of money conditions than of a saturated demand This being true every effort should be made to make available for legitimate construction - purposes some of the huge funds which 'are now employed in stock market or other forms of speculation The present tightness in money rates is largely the result of speculation Sooner or later this situation must correct itself j Tight money may not bother stock' speculation for a - 5 ' JS r 1 & "5- - "Usurious Financing Charges" BABSON PARK Mass Nov 2— "History clearly shows that the rates for money have: a powerful Influence on building and construction operations In the past when interest rates have risen to high levels a decline in building: has followed Periods of plentiful money and reasonably low rates on the ofher hand have liccompanied all of the big construction booms of the past Including:! that which has been in progress for the past five years In 1920 for illustration there was a crying need for houses stores offices apartments public works hospitals and practically every kind of Construction except industrial plants This urgent demand however was not sufficient to force a building revival at that time simply because interest rates were atj prohibitive levels By 1922 however rates had ' declined and active building" operations begun "Thi3 huge construction volume has continued with only slight occasional recessions up to August 1928 The tightening in the money situation has now begun to show its influence" August building totals as reported by F W Dodga Co dropped off 11 per cent from July whereas August Is normally a much better month than July This decline was the first indication of any halt in the rapid up ward movement Of course it does not necessarily mean that all buildIn fact ing is on the toboggan the September figures showed contracts higher than1 August and also 12 per cent higher than September 1927 Analysis of th-- September results however thow that the increase was due to five- or six single big industrial projects valued from $5000000 to $40000000 each There was no general in crease Residential building was fractionally lower than in Septem ber 1927 public works and publics utilities were 5 per cent lower social" and recreational building 30 stores dffices and per 1 warehouses per cent lower churches and memorial buildings 31 per cent lower "The slowing "up ini most types of building in August and September does not of course preclude the possibility of larger total volume for 1928 as a whole compared with 1927 The eaHler months of the year were so '"large that any moderate xJeelfne 4n - the later months will still allow a larger year's total this year than 4 last Current statistics doi however show that the keen edge! of building activity has been dulled Whether the slackening tendency will - be only temporary or of longer duration depends largely on the course of money rates in 1929 BRIGHT SPOTS OX 3IAP "There is probably no industry that shows greaterz variation between different localities J than Latest figures indicate building most construction activity in the in New England in northwest Pennsylvania and surrounding territory and in New Tork tate and northern New Jersey Reports show building in these sections running from seven to eight per cnt above last year Some recession is shown in the southwest the central west and the middle Atlantic states There are however specific cities which show trends contrary to the sections as a whole "Among the noticeably bright are spots on the building - i map Youngstown Ohio with an increase of 544 per cent (fleveland with an Increase of 205 per cent Akron with 126 per cent Cincinnati with 34 per cent Detroit with 32 per cent and: Grand Rapids with 17 per cent Rxtreme prosperity - cent-lowe- r f You want flavor You want quality To avoid disap pointment use Puritan Malt Extract The choicest barley and nothing els$ insures Puritajn being richer Stronger M An r Flavored with Bohemian Hop Recommended and Distributed by For Sale By All Good Dealers J — j FRIDAY EVENING NOVEMBER S f — 'TV A - ' v tit S " v i i V" - 4 time was had by all when Mr Televox the mechanical manj was entertained at a birthday party tho other day in the East Pittsburg Westinghouse plant The occasion was Mr Televox's first At the birthday celebration left to right are F A birthday P Davis and Roy J Wensley inventor of the robot A good Mer-rlcki- ll in tbei automobile business is help- ing building in the motor car cen ters jOther cities where construc tion Ilk noticeably active are Al bany with an incrasA nvw lilstt year pf 432 per cent New York City with 105 per ceW Newark with 9 per cent Camden with cent nd Philadelphia with 244pef 30 jpeiH centi' 'lln the south building is very j- - - act ve in Atlanta Richmond Nor folk Charlotte Louisvjlle Wheeling! West Virginia and New Or- leans In the southwest very good PUUdjM g is reported in Fort Worth San Antonio and St Houston Louis ong the active- - western and noirthw estern cities from af build- ing standpoint are Omaha with an increase over last year of 5 02 per cent St Paul with 85 per cent and pes Moines with 77 per cpnt Gobd Crops are stimulating build ing! Ih this section ' In New England very marked construction gains are reported from Portland New Haven Lowell and Fll River Down in Florida we see an illustration jat what al ways happens in America after a Palm Beach - ingreiat disaster stead of being demoralized by the hurricane at once set about recon struction Building in Palm fieach is n?w running over 5 pcR cent ahead of last yeari f roads pjblic utility furniture rug copper and many other huge businesses 1 In fact construction underlies the whole economic organization Cff the country Consequently everything possible should bo done to keep it in a prosperous condition WAYS OF HELPING 'There is of course a definite limit to the control that men can exert oven economic laws and trends" These limitations apply io Furthermore if it were building —— — 'i i -- co-oper- normal" (Copyright 1928 Publishers' nancial Bureau) Mast bicycles contain about 2600 parts These Prices Good Only at SrsTAIXED CONSTRUCTION ''Every industry and everv fam ily! in the country is aff(cted by thei prbsperity o( the building in dustry J It emplos more man than an other occupation with the exception of agriculture At "least a other industries arja mon huijdfed or less aitectijf dependent on lit Ths llncludtes not only the lumber cement brick construction ma chinery hardware steel fabrica tloilpiumbing and other buildingsupply incustries but—also theraili i 'jPo binR fl 2237 I Qli b IAkKET Pot Rqast 5 - BOISE Idaho Kov At least one Utah coal dealer has cut down the price of coal to Idaho institutions below what was asked earlier in the year the state purt 2—-XAP)- BOISE Nov 2— (UP)— A IV B Kjosness recently deposed during an internal squabble in the Ida- ho Turkey Growers association has been reinstated as directorat-larg- e He has held this position since the association was organized English aerial routes which now serve 400 towns measure about 55000: miles chasing department said today An offer was received to supply thejeoal at 75 eent a ton for coarse slacjk at the mine Previous priced ranged above $2 a ton at the mine The uniformity of figures offered previously had been reached as to jthe rate to be charged The price 'represented a rate in many instances double that of the year i'filrhln Mnrlil beCore the state will be in the market v n in the near future for about 10000 m Jewel toijs of coal i r ANS MADE FOR 11 io Jewe Mil SaIeH fral vv fvT 1 -- I mi:' mmrjCO As Low As 50o Ddwn 50c-Wee- LETVISTON Nov! 2— (UP) — Dick Ryalls state horiticulture de- 2405 carloads of apples will be Lewiston by Decern- - shipped-fro- asouigton iiiape FREE DELIVERY (if Phone for Food— 2800 Og-derw- Washington Ave til ri m m 0£4l J Jewelers partment predicted today that at 150 least k 7Ck- - Credit 2472 Wash Ave Largest and Most Sanitary Food Emporium s Choice cuts' of Bceff 2 lbs 35c "er Lamb Veal 23c Pork and Full line of Qua L01H CFPORK salted fresh and sluoked Fish Hens Springers and Tur- - larae attractive glass of' or Jelly with purchase Free matade pkgs of Dainty Maid Jelly A M 2 pfegs Fancy assortment of N B C Cook- Chocolate SonnetsJff Hf3 TlPPlJIi'es Milketts 1&'UAUcJlr Pineapple Sandwich etc ! —i — anfle tlver rouna very ncn jJUlIal praise JLuui f Tor once you're right The brand makes all the difference I've learned the magic letters " — " i Iowa Standard cans brands large Coffee inXUt Kf"T:: 29c r ' tJC I Small 50c 15c 25 Ptanptti Jeijorr: Peaches06' i5c M°nt'' sweet' PIcke and sp'ced HiJlYz Kwjksdr2lr:?-lUUiaiU bki 21c 29c 20c 29c 25c 45c 45c 1 15c : Del Monte uautC6 cans no iyz lUCappiC can Din a fr ncy ue R°e 1 JUtC 5 lbs HTo )tniAnt Bulk Hiatal uiii 3 lbs CKIi Beans fb Navy Beans L Many people find that with MJB the strong blend they use slightly less coffee But whether you make it strong or weak M J B has a flavor that only the strong blend can give 29 vHK6 loaf All Bfince Meat J fK:?:: Crab Meat Raisins NJX Oats p0"! QUik"''rr -- -' ORDER EARLY ' j£ ?' e nin "But it's really great" 35c 0f I Honor" 1 ' ing its regular winter campaign against predatory animals and R E jThoma? state game warden was in Fairfield today apportioning trajpping grounds o the hunters IJe will visit other sections of thei state during the next few weeks to further round out the drive against coyotes and cougars which destroy many garoe animals during thei year —: jOLign 1 feOISE Kov 2— (AP)— The st&te game department is prepar- 29c Lard?? 25c Veal Roast HImIm ° ANIMAL TRAPPING n yoUNXJ PORK Fresh arid lean- X vuuu package 19c REINSTATES COAL BOARD TURKEY DIRECTOR OF- Idaho Institutions To Get Supply" At 75 Cents A Ton For Slack Washington This is not Jowl Bacon lb Finnan Haddie PRICE LEWISTON MAY SHIP 150 CARS OF APPLES Sliced Eastern Sugar Cured 1-l- 1 Six to eight carloads are now leaving daily j ber UTAH MAN CUTS : O&den 1 FI -- STANDARD The Only One in - i while but building cannot go wild on 5 per cent commercial money Another thing which would help greatly in sustaining the volume of building would be the pushing of federal state and municipal public improvements such as highways bridges and public buildings If it becomes apparent over the next few months that construction activity is being seriously cut down the government could render a distinct service by releasing' public !' works on a large scale BINANCING CHARGES "The startling revelation or construction financing Charges recently made by the Massachusetts commission on the necessaries of life expose? a condition which is prevalent not only in that state but also in many other parts of the country It was found that Construction loans with' interest rates as high as 40 per cent were being charged by second rate build ing finance companies and other lenders outside of the regular banking and mortgage field Also through a system of bonuses and Other questionable financial meth ods the cost of construction of the speculative type has in many instances been increased from 30 per cent to 50 per cent Not only has this raised rents to unreasonable levels but ft has discouraged legitimate building enterprises These abuses should be corrected at once The building industry and the banks to wipe out the should unfair and uneconomic practices which have developed Every in dustry prospers only as it serves apd this very definitely appyes to both the building and banking In rne jiaDsoncnart now ausmes records business as 3 per cent above 2 1928 i j:39c 25c ji v i"! "? r23c FREE DELIVERY Now it comes to you in an improved friction available only to M J B users top key-ca- n packed by our own vacuum process ' 0 fa nll illhlllli iiiiUl1liflnWBWMMMBma1iml urTljilfi M fJ " ' ' 1 - z f ' i i f j A " i"' i |