Show aaiManKiiMaaMSil2m fmmmmm -- r ' THE SALT LAKE TRIBUNE U S EXTRAVAGANCES FLAYED BY WRITER SATURDAY MORNING MAY 21 1932 that even If first hands were willing off $1671000 due to contraction of ties reported for the year a net Western Pacific end of the year at 14 Copper Reaches tocentssell ittoisthedoubtful $3384000 In gross receipts Freight come of $651297 whether much if revenues totaled In $11079000 traders Wheat to May any copper couid be sold Low New Level Show Revenues Wool showed ardor today taking at face value while 1930 Metal for delivery in September against $13796000 in effort by final concerted reports cial and industrial leaders to energiae and the last quarter is generally senger revenues declined to $772000 May NEW YORK Year May price Smaller for cents quoted at 5 cents a bushel are showing an tntarast In offerings at the maximum upturn of against $1081000 tlid year before to in- Chicago Grain CHICAGO In of a 6 1931 (AP)— pas- new busi- BOSTON neaa revival for wheat took place lifting the market The balance sheet of the system the highest point since April 27 Increased NEW YORK May 20 (APT— The which operates 1571 miles of track complaints of crop damage to domestio win ter especially in states east of the Mis- Western Pacific Railroad company disclosed total assets of $182798000 souri river acre a contributing bullish fac- which is one of the principal systems Current assets were $5295000 of tor Wheat closed unsettled! U4flo above in which Arthur Curtiss James is which $848000 was cash against total oats corn finish up yesterdays interested today issued its current liabilities of $2 822000 Total advanced and provisions at a rise financially annual pamphlet report showing s corporate surplus at the end of the of 2o to 12c net deficit after all charges of $2127-16- year was $1 098000 against $6232000 RANGE OB LEADING FUTURES in 1931 against $304006 in 1930 the year before CHICAGO May 20 (AP— Although the road cut down operThe Western Pacific Railroad corLow Close Wheat— High July old July new September September 1929 governmental ing fund payments have increased more than 32 per cent notwithstanding that during this same three-yea- r period industrial production (accord ing to the national industrial conference board) has decreased 32 per cent while market values of stocks on the New York stock exchange have de- V Clift Bids (i i91J-- 3 6s 0 creased at least 80 per cent whole- Utah o P 6c L Bus 6 2032 sale commodity prices have decreased do 4a 1944 29 per cent the cost of living has de- Utah Lt & Trac 8s 19&4 creased 20 per cent and average weekly earnings in manufacturing industries have decreased fully 29 6s Utab-Idah- 2 per cent President Whitefoord R Cole of the Louisville & Nashville railroad last evening drew attention to these startling facts He showed also how local tax expenditures have multi plied still faster Mr Cole aptly added: ing American citizens how to build their homes how to furnish them how to sleep how to put up preserves how to hang curtains and how to make dresses for children" Mr Cole demands that we “liquidate the high cost of government” How the excessive cost of government and the consequent excessive taxes punish you and me is emphasized by Henry L Doherty utility and oil leader who has made a pro found study of government and tax ation He says: “Tax exempt securities are still selling at such high interest rates that even our poorest classes might be benefited at this time by depending entirely on a sales tax thus avoiding a long period of liquidation of busi ness securities As almost every state and political division wants and more have must money this reservoir of tax exempt securities may be so huge that heavy income taxes will practically make money unprocurable for industrial concerns High grade tax exempt bonds have in some instances been sold on a 6 per cent basis “If an Investor must pay a com bincd federal and state income tax of as much as 66 2 3 per cent as against purchasing 6 per cent tax exempt bonds he would be compelled to get a return of 18 per cent on an industrial bond to be as well oft Sales Tax Lauded “A sales tax on everything would not be as harmful to the very people the political element are pretending to protect as will be the bad effects from the proposed Income tax of the present magnitude The people who spdnd most and would pay most on a sales tax can largely escape all taxation by Investing in tax exempt bonds” Wealthy men — and despite Charles M Schwab there are still wealthy individuals in America — should be ento put couraged not discouraged their money into enterprises employing labor How can they be expected to risk putting their capital into business projects if federal and state governments take from them more than of any profits earned s when this levy can be es caped by investing the same capital in tax free bonds? Every other consideration should be subordinated to making it possible for our eight million unemployed to resume work That is the biggest blot on our economic and social escutcheon that is the overshadowing problem towards the solution of which every thought and effort should be most earnestly directed Our national slogan should be1 “Less waste more employment" two-third- s two-third- by B C Forbes) Cotton Market NEW YORK May 3MAP) — An early advance hi cotton on trade buying and oove pronkned by a better tone In the open in i took market and a favorable construction of the financial new was followed by partial reactions under a little southern gelling and realising The volume of business tapered off after the early demand had been supplied with the midafternoon market quiet and steady at net advances of about 1 to 2 points mattFuturea closed steady 4 to 6 er: May 6 73c July 6 71466 79cpoints October 6 02c: December 6 23c 6 16c January March 6 38c Spot quiet middling 6 9lc NEW ORLEANS May 20 (AP)— Cotton of future! doled steady at net advances 1 i to Prev points Close b5 66 b5 66 May July October December b6 08 January b6 15 b6 0 March ' NEW YORK ‘ May 20 (AP)— Cotton futurea Prev Close 6 68 6 73 6 97 6 11 19 33 ! Investment Trusts NEW YORK May 30— Investment gecnriUes over the counter market truit £T7d Bid h h hT n a v! tr 7 Bh area Bullock Fund Corporate Iruat Bharea 90 I 62 1 45 Vb 4 25 1 17 I 17 4 82 4 AA do A (lO Fixed Truit Shares A do series B Fixed Trust Oil flharas Five-Yf- Truit A Deposit Bond Cart Diversified Tr A do b do O i 5 79 100 95 90 16 90 40 90 82 69 75 90 75 64 70 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 10000 12 22 22 24 87(4 36 39 40 43 40 41 May S 87 4 00 4 12 I 410 413 192 87 4 00 67o: 60c SJ33c 3232c 30c 24c MINNEAPOLIS MINNEAPOLIS May 10 (AP)— Wheat-Rece- ipts 47 cars compared to 86 a year higher Cash No 1 northago market No 1 dark northern 16 NEW YORK Mar 20 (AP)— Pressure on ern 14 per cent 72(4®75(4c the dollar lifted todar and the foreisn ex- per cent69 protein 72 tie 13 per cent protein 66 protein change market presented a calmer lurface Hi 69 c 12 per cent protein 65(44i67(4c Montana 14 per cent than lt ha shown In trading for several No i dark hard to arrive 67c: No 1 amber protein weeks No 2 amber durum durum While European gold currtnclee continued 71Ui76c No 1 red durum Or- -' 62 (4c 62 c July to sell above the "gold export” point the Corn— No 2 yeilow Sf'Afi 35(40 dollar rallied slightly This was reflected Oats— No 8 White in French francs which yielded of a Barley— 320 43c point to 3 94 cents and Holland suilders Rye— No 3 3941V4c which were off 74 of a point to 40 58 both 1 Flax-- No lc 654i67c 67c 72a77e so 4 SO 1 40 inei20(4 KANSAS CITY KANSAS CITY May 20 (API— Wheat-Rece- ipts 120 cars up lc to 174c No 2 dark hard nominally 634?80c No I No 2 hard 544i58c No 1 No 3 nominally 5S54i4c No 3 red Close May July 63(4e September December Corn — Receipts 7 cars UP (4c to (4c No 2 white 33ft34c No 3 nominally 32W 33(4c No 2 yellow 3774c No 3 nominally 35 'dt37c No 3 mixed nominally 1374(8-3432c Close No 3 33 (4c May 94c July unchanged: No 3 Oats— No receipts white nominally 2374C16c No I nominally 22 Hi 26c Rye — Nominally 454147c Barley— Nominally 304i37e 64c 54c 62c 54c 30 26 Note: Demand rates are nominal SUGAR EASIER NEW Yore Mar 20 (AP)— Raw sugar wag a little easier today with spots declining 2 points to 2 58c There was only one sale at this level however and although buyers showed further Interest holders In general were not Inclined to sell below 2 60c The business reported Included 9000 bags of Philippines (or May arrival to a local refiner at 2 58c WINNIPEG 580 Low 6254 63(4 65(4 High 3 July October 63 64 68(4 miliar to most of us our enthusiasm is there but Close 63 634 65 No 1 northern 63'4c No 66He No 3 northern 63c 2 No white 38(4c No 2 white Oats— northern probably is dimmed by constant daily contact 3574c LIVERPOOL LIVERPOOL May 20 (AP)— Spot wheat— New Wales 6s: No 3 Manitoba 6s lVid and 28 700 bags of Porto Rican to an out No 2 hard winter 6s 11 ‘id : rosafe 6s 6d OctoThere was also i Wheat closed: May 69 July 80 port refiner at 2 60c p sale of 6000 tons of December 64(4 Exchange 63 67 Cuban from ber 62 store here to the United Kingdom at equal to about 63c and 7000 tons of COFFEE GOES HIGHER Cuban were sold by the Export corporation NEW YORK May 30 (AP)— Coffe In Cuba to Russia Tor late May or early on European and domestic higher today Cuba June shipment at 65c trade buying promoted by firmness of BraAfter opening unchanged to 1 point lower zilian spot demand conexchange sugar futurs steadied up on reports of fur- tinued extremely although dull ther sales to Russia with the market closNo 7 contracts opened 8 to 11 points 2 net to unchanged points higher The higher and closed unchanged to 8 higher ing early partial decline may have been pro- Bales 11 000 bags Bantoa opened 8 to 6 moted by the disappointing showing of the sales higher and closed 6 to 9 higher London market and the continued liberal points No 7 contracts 15 000 bags prices offerings In the spot market but the fact —May 6 78c Closing 73c 6 80c September July Inwere still showing that European buyers December Cantos— March 4 62c terest In Cuban raws restricted offerings May 9 61c 6flJx sfuly 9 60c September 9 43c and prices rallied In the afternoon on cov- December 9 33c March 9 35c ering coffee dull Rio 7s 8H98V&Q SanThere wes also some trade buying against tosSpot 4s 1061040 in sales the spot market although trading on the whole wag not very active with opDRY GOODS 8TEADHK erators at large Inclined to restrict ty NEW YORK May 30 (AP)—Cottm woods operations and aaalt more In the spot market Approximate tales were a little steadier today but continued were 10 250 tons May closed at 54c July quiet In gray and finished lines Voiles are 62c September 68c December 76c Jan- in better demand printed and In the uary 77c March 82c and next May B7c gray Rayons were quiet for thelowday Bilk prices Refined susar was unchanged at 8 76c crepes are being sold at very orders were reported In for fine granulated with a moderate In- Moderate fllllng-i- n the wool goods division Burlaps steady quiry reported fob tti fob It would seem Knee High 104 Hard Lines 109 Cassinette AURORA ENTRIES 104 The Whig 109 Olaraay 104 Prince MeFirst race 1800 allowances 114 Prettl Bing 109 112 five furlongs— Pane Franka Sunnyslde ganWeather cloudy track good Up 104 Monk's Bela 101 LeRack 118 Fair Mole 107 Joe MaCaw 107 aUntlmely 101 AURORA RESULTS Charming Emma 101 aTrackaw 101 Venetian Girl 101 Demagogue 111 Our Tide First race five furlongs — Indian Mist 117 101 (Reno) $45 64 $20 68 $15 86 won Lady 109 (McCoy) $4 96 $3 34 second Second race $700 claiming Westy 110 (CooperL $4 46 third and older mile and Bobby Anna Adelia Powers 113 Nazdar HO Curtsey 108 Happy Time 1 00 5 Also rans— Upon Stately Lady Madame Lad 108 Laurie 108 Cesare 116 Popcorn 104 Runar 103 Mozart 115 Gertrude Ktade B C Cloister s Dream Principality Boston 100 Buneuer 104 Lapidary 98 Wmpie C Common Warble 8weepmore Bantonette 99 Charlie Bills 96 Vanquish 113 Rocky-wa- y Second race six furlongs— Agnes Sorel 113 (Cooper) 110 Bunyora 110 Plutarch 108 $22 00 $8 86 $6 98 won Noel s and Dress 102 (Saiaear) $6 84 $4 70 second Third race $700 claiming older six furlongs — J George 116 Fooilsh Precede 102 (Martin) $9 86 third Time Fellow 109 Ipsara 104 Roycrofter 120 Bob- 1 13 6 bie R 113 Princess Carolyn 115 Htfh PockAlso ran— Pretty Pose Wig Rose La ets 115 Jargon 110 Romany Baw 115 Tufl-n- Compere Nlnotte Golden Light Lenny 115 Believe It or Not 120 Alcove 109 Curdle Morheart Hazel Denson Scandal Sheet 114 Agnes Sorel 113 Wig Third race six furlongs— Bay Rose 109 Rose 110 Noell Dress 104 River Lee 109 (King) $4 10 $3 30 $2 64 won Normahal 108 (Reno) Fourth race 1800 claiming $10 58 $6 16 second Amour and older six furlongs — Neil Kuhlman 100 108 (Salazar) $4 76 third Tima I 14 Also rans— My ideal Monde Side 8how Bag Smasher 106 Old BUI 106 Noah s Pride 105 Liberty Are 105 Run On 104 Irfaneh Loyal Companion Dolly Bar La FeistSi 108 Andora 106 Eighty Twenty 111 Purple Robe Gay Lassie Kitty o’ Way Fifth race 11200 handicap Fourth race six furlongs— Martie Flynn and older six furlongs —Bherab 95 ur Free- 105 (King) $19 46 $7 22 $3 78 won Calland 122 War Glow 107 Port Manteau 100 gary Kay 110 (Critchf leld $6 16 $4 86 secAstute 88 Burning Up 111 War Baint 105 ond Essential 106 (McCoy) $4 38 third Time I 12 5 Sixth raee 1800 claiming Also ran— Bister Mary Well Heeled and older mile and seventy yards —Lucky Carter 104 Walerport 106 Banjo 105 Mor-snu- ff Outer Harbor Chiefs Gypsie Rolling Bea 106 General Court 107 Chehftlit 106 River Lee Altmark Premeditate Fifth race five and one-ha- lf His Last 111 Baulins On 109 Who Win 111 fnrlong Gold Step 116 (McCoy) $6 14 $3 30 $2 46 Chief s Challenger 106 won Votta Maid 94 (Martin) $6 70 $3 86 1800 Seventh race claiming and older mils and a quarter— Tommy 100 second Port Codine 111 (8aiasar)f $2 60 Stanley Bcott 105 Ladrone 106 Peter Peter third Time 1 06 8 104 Master Ogden 102 Look at Lillian 106 Also ran— Salisbury Forget Not Blue Southland Boy 105 Tiger Flowers 115 Day miles— Sixth rare one and Eighth race $800 claiming and older mile and seventy yards— Vestah Rejuvenation (King) 106 $17 06 $6 60 93 36 Clark 100 Royal Riot 105 Oay Donn 130 won Ed Lark (Ba)axar) 110 S3 86 $2 48 Afrldi 110 Analyst 110 Homewood 115 Dry-doc- k second Shonna (Reno) 106 $3 20 third Also ran 115 Bill Southam 103 Mekache 115 Time 1 48 6 Raymond Dale Jack Alexander 115 Ooldrn Play 115 Sweep Bidden Big Gun Advance Agent Dick Past 110 Fair Legion 116 Banterno 105 Chavely Diodora Blue Pencil Seventh race one mile and 70 yard Piayblrd 110 Lady Bienvllla 110 Bag o Donna Dear (King) M 17 24 $4 12 Roe 100 Tantalizing 116 Substitute race (to be used if necessary) won Piecemeal (Montgomery) 102 $800 claiming (fialaear) 1 and older mile $6 36 second Ultra Marine Also rans Time 1 46 and seventy yards — Joan Pat 110 Kelly s $4 68 third Milyda Phantasime Andromeda Prldt 110 Coral Beach 120 Princess Heater Peis Cloi 115 Crescent City 110 Big Bits 110 Tall Quick Bale Fortune Mia Bag o' Gold Look Wind 110 BlU Lull 116 Oolflex 116 Confi- at Lillian Confidential dential 115 CHLRCHILL DOWNS DOWNS The territory surrounding Salt Lake City has a greater variety of resources than any other section of similar size in the United States Here occupied as pancy of office buildings with 90 acoord-in- g national 82 the average of compared to to latest figures the center of America’s greatest summer playground including Zion Bryce Yellowstone and Grand Teton National Parks total as compared with 67 1 While Salt Lake City has not had a boom of any kind since 1890 its population shows a steady constant growth By way of comparison Salt Lake City today is seventeen times larger in population than it was in 1860 while the United States as a whole is but four times larger Salt Lake City has no great excess of vacant subdivided real estate From 1920 to 1930 we built only 9167 habitations for an increase of 22000 in is In Utah over 60 of the families homes as compared with considerably less own their than J0 for the nation Salt Lake City leads the United States in occu only 288 of the for the nation Salt Lake home vacancies are e Salt Lake apartment vacancies are only 14 compared with a national average of 18 as A recent survey showed there were population 1033 families doubled up with friends and relatives and there were only 840 usable vacant houses in the city This proves conclusively that there is an acute shortage of new homes here and that an extensive building program must soon be started RESULTS First race five furlong— Marie Jean 112 maidens five (Pool) $1166 $71398 16 $5 12 won WUkz 115 second Field Goal (Elston) 100 furlonss — Mt Washington 115 Never Quit 116 (Fisher) 13 96 third Time 1 01 115 Woodworker 115 aLast Bund 113 bOo Also ran— Arbitrate Red Polly Fetch 116 aNanny D 112 blechnique 112 Cracker Threat Active Cherry American Sweep Southard 116 My Blaise 116 Wayward Lad Rush Anxious Fair Rochester Up Pony 113 cPrank K 116 Ghlltex 116 Festldlous Second race six furlong— Our Orlef 103 115 cPrank K 116 ChIHex 115 Fastidious (Frye) 14116 $13 02 15 48 won Green Hill Side ll3 Speckle 116 cFoxey Burt 115 Wave 110 (Baker) $10 12 $5 84 second Elmira 112 Ellwands 112 (Fisher) $3 10 third Time Second racwfi$800 claiming 3 year-ol1 13 6 and older six rfirlonga— Sambo Brown 115 Also rane— Tonight Bob Cuter Flay Mendell 107 Winona Lady 102 Darwin 107 Around Herein Pat C Lee R Love Eleanor M 110 Uforine 110 Lady Witt )10 Offering Charlie Field Hop Billy Champ 115 Nlato 110 Fire Flash 102 Third race six furlongs— B's Atnes 113 Town Limit liO Jack B 107 Madelon 110 (Flslier) 14 02 13 10 12 38 Won Wave Manners 107 BUik West 107 Noelwood 107 110 (Garner) $9 60 $4 66 secondOoid Running Old Depot 107 Diazy 102 Pat C 107 Uncle Water 116 (Fronk) $3 60 Time third Matt lift 1 13 Third raee $900 claiming the West Point Also ran— Brains Claiby's Choice Water and older six furlongs— Bark Oap Baraskov Log 120 Busty 130 Smear 118 Charlie Ber-g- n Fourth rare five furlonge— Dominant 118 Block Market 118 Billy Joneg 115 Mias 111 (Rose) $6 66 $4 00 $2 74 won Parnell Bound 118 BL 111 $164 $2 60 sec (Simpson) Fourth race $900 claiming ond Jpira Helen Bab 116 (Elston) $3 34 third and older mile and Fair Manna Time 1 01 108 Kentucky Are 113 Typhoon 113 Prin Also rans — Oirl Oridmte Leverbena Sue cac Zelda 10$ Bon o Rweep 113 Pater Par Terry Nltuma Little Connelly ley US Malian 10$ Ben Blair 113 Churn Fifth rate aeven furlongs— Bay Angon 113 Harvest Bun 111 won: Baba (South) 110 $6 16 M SO Fifth race 15000 added the Kentucky nero FUton) 115 $6 06 $148 srond 8 year-ol- d fllhea mile and )aki dat (Allen) 117 ‘ 1 86 third Time pis 26 Light Kiglg 109 Jodie K log Prin- Also rant Jodie K Bnow King Predict cess Camilla 116 aModern Queen H8 Monks First Espinaca Oh pave Tweeny 109 Joretta 116 Buntlra 116 Deflixth rare one mile— Journey’ Rnd 98 pression 116 aPitfer 116 UsolUatlon 116 (Garner) 106 14 14 $8 84 won 1 Bay 116 101 $18 66 $6 12 Major Lanphter (Turner) all P Headier entry 2 66 107 Chen ieond (Flaton) third Rixth raca tuoO claiming 4 year-old- s and lime 1 40 Also faoa Vaidosta Reverberolder mile aud George Wehie ate Uncle Matt 1)3 Respond 113 Lafeiia 108 Dixie Lad 113 Seventh race one and mil— Tea Oreen 113 Peace lady 103 Herendern Peer 2140 (ftouih) 110 $8182 lady 13 Spud 113 Scarlet Brigade 113 Mr Dick 11152 won Deemster $508 HI Mvftr) $3 78 second! Broad At (Kliher) 113 $8 23 1 54 2 9 Seventh race $800 the Au Devoir Time third Alto rans Royal -- Driven tulle aua 114 Manager Kentuiky Ace HrannlapotL Bis Blowfly 104 Just Ormont 109 Zrvar 109 Esther Trot wood Bccrlvt Brigade CHURCHILL First race appro- priate to call attention to some of the factors indicating our progress Below are just a few reasons why we should have faith in Salt Lake City and Utah as a place in which to live and do business Race Results and Entries ENTRIES $900 Ilk m 14 15 3 75 I of Salt Lake THE story and Utah is fa- Cash wheat- 3 4 63c WINNIPEG May 20 (AP)— Wheat: May 8 and Utah Camera Cannot Show! CASH QUOTATIONS CHICAGO May 30 (API— Wheat— No : No sd 68c No 3 yellow hard No 3 northern northern spring No 2 mixed 68 c spring Corn— No 2 mixed 33c No 2 yellow 33 c No 3 yellow 4533 No 2 white 83tT33(4o No 3 white Oats— No 2 mixed No 1 white No 3 white 23 it 26c Rye — No sales Barley— 34W44C 32 75HS 00 Timothy seed— Clover seed — 39 2541376 Lard— 33 90 Ribs— 34 00 Belllca— 34 00 69c he of 43(4 I 61 3 97 0fV-T- of copper today reached a new low level In its long decline being offered at 8 cents for nearby delivery Directors of tha Budd Wheel company This is the lowest quotation ever have postponed action on tha quarterly dividend of tl 76 on the first preferred named for the metal due at this time until the next meet' Despite this and other reductions stock Ing of the board In June It wa announced in price during the last few weeks today As a means of protecting traders buyers show a very decided lack of against a possible Import tax on rubber Interest in the market the board of governor! of the rubber exThe disappointing situation as re- change will recommend to members tho new contracts calling for gards demand is well reflected by the adoption ofthetwocrude rubber from a bonded widespread belief in the copper tradelwsrehouse 35 2iH Foreign Exchange cable quotations The pound sterling lost H of a cent going to S3 679 for cables The Swedish krone and Swiss franc were exceptions to the general trend the krone moving up 15 points to 18 8 cents and the of a point to 19 59 cents Swiss franc up Quotations — Orest Britain in dollars others In cents Orest Britain demand 2 6714 cables 3 67 bills 3 65 cables 3 94 France demand 3 94 11-Italy demand 5 14V cables 5 14 Demands Belgium HOI1 Germany 23 87 18 44 Holland 40 57(4 Norway Sweden 18 89 Denmark 20 14 Swltaer land 19 59 Spain 8 23 Portugal 3 34 Greece 65 Poland 1130 Ciecho-Slo-vak- la 2 96 178 Austria Jugoslavia 13 99 59 Rumania Argentina 25 79 Braill 7 41 Tokyo 31 44 Shanghai 30 50 Montreal 87 62 Mexico City (silver peso) west 33 32023G Attacks Bulletins "I have never had any satisfactory explanation offered of why agencies of the United States government should assume the burden of advis- 1932 UI33-4- 00 00 00 00 00 00 00 00 00 50 00 00 00 00 00 00 35 38 40 41 43 Bellies— May 77 97 94 40 14 40 30 25 80 66 73 75 35 62 68 98 30 35 14 May July September expend!- 30 12 23 22 22 24 May July September December Lar- d- Amalgamated 6ua 7s 1931 Con Bldg fls 1934 Chief Con 7 1932-3- 4 Mutual Creamery 7s 8 L & Ogden Ry 6s 1934 1939 Rocky Mt Pack 8 L Terminal 6s 1933 Sumpter Valley R Ft 6s Tellurlde Power 6s 1938 Utah Oas & Coke 6t 1936 1936 do 8 (Copyright July September December Oats— July September December Ry- e- As compared with the boom fiscal year of wools from 60 60 63 69 62 December $2500-00000- 20 tha far but thay are reluctant to make commitments owing to of finished tha the uncertainty goods market Tit recent purchase of a large accumulation of Texas wool by Boston houses has tended to stimulate Interest In new offerings The Inclination of buyers however Is to wait until actual requirements are known befor making purchases ntw Tha kino market turned a bit firmer today after several days of declining prices On slightly more active buying prime wa quoted at 2 35 cents a ating expenses by $1713000 in 1931 poration a holding company with in- western anmelal advance of t points over the pre pound its net railway operating revenue fell vestments In Western Pacific securi vlous day s price May 193100000 This increase of $1231100000 in five years is 63 per cent This too at a time when the fed eral government is running its busi ness at an annual deficit of 20 1 A Says Government Fails to Keep Pace With Downgrade Costs in Other Lines nc By B C FORBES We simply cannot afford the luxury of continued extravagant government Enough money to pay for it isn’t being made While we nad it we let our politicians spend our funds recklessly Total expenditures for all the ma ' Jor governmental departments commissions bureaus etc in the fiscal year 1927 were 11964000000 For 1932 they are estimated at $3 23 f This Bank welcomes the opportunity to discuss your personal and business financial requirements WALKER BANK & TRUST COMPANY MEMBER' FEDERAL RESERVE' SYSTEM t i |