Salt Lake Tribune | 1934-06-10 | Page 11

I JUNE 10 THE SALT LAKE TRIBUNE SUNDAY MORNING FAIR PRACTICE Remember WAD ” DECLARED AIM 0 SVOIP & SIHIOIP ' - JUNE 17 Is Father’s Day AXELRAD’S SUGGEST A BIG EASY SUNDAY OF STOCK LAW of A WE’LL:FIIRNIS1I-10- regula-Possibl- 1 " ' " comfort styling 9 to goodness honest Here’s tor “Dad” Smart and quality construe-tta- n too tn newsat comiA real i pedal lor (1SJ1 ngs Over 100 Suites'tiu this sale More than 30 distinct styles 9 Overstuffed Lounging Chair ‘ Modernistic Suites included ' Every Suite new— --this year’s stock CAA CH It’s tohig to he not only the firorito chair with' Dad Out the favorite tn tha homo— so Inciting vP lookjfcg and marvelously comfortable ' Because the- value are Irresistible ' J Manufacturers Lave made price concessions to us Which bring unusual savings to you - ’ - SWjv y I 'GROUTED INTO 8 BIG SALES LOTS 8 Bedroom Suites Special Sals Price I r I - 4-- 7 e ' ‘ d? 4 : Ifi H $:©l Hire’s quality and beauty at a now tow price Complete lultoi In walnut Tour choice for only tqqqrqqqeqqotf oqqjj I $180 a Month Down Bedroom Suites 11 (jf) ' Special Sale Price Thorn aulto hopoak many dollar! mors than tomorrow’ low price Faahlonable hew doalgni In walnut 4 largo piece ' Spring 18 Bedroom Suites Mattress & Special Sale Price 8845 special sleeping Complete quality outfit Srpar- 1385 Spring 8745 Mattreti qeeoeeecoeeeeeeeje'eeqees0884qqqqqqf ai well A w ai waU at We’re low price 1’ $MOi The rich dlgnlfl4 charm of thl’ ' aulto aukae It a moit Important value— for quality— for good taste ALL 3 PIECES FO Another mid-Jucomfort— etyle ately Bed is $ a Month SB Down Quaint Jenny Lind Bed of- fering modernlitia gulte also at thl iamo low 8 Down 360 Month prlcii 14 Bedroom Suites Special Sale Price To Protect Tour Furs an Woolens LANE CHESTS Complete with Automatlo Tray pictured 2975 VOSS WASHERS J The new Voss offers every worthwhile feature found in washers costing much more It has full Westing-hous- e slsed porcelain tub motor Lovell wringer fully inclosed mechanism running In oil See it! k f Real value Thii 1(9 fur nlturo by any meani It la worth a great deal more Examine It CONTINUING JUNE SALE duit-pro- of LIVING ROOM clude! Bench $4950 EAST TERMS fo ESTATE COAL RANGES— cast-iro- itructure—come In and let-nof superiority n s colored wfA SO m Hr 98 $C3 0 you have been waiting to pick up a really eoitly high grade mite at a price geo these marsuites velous values la ll Bedroom Suites SO show yon Its many point 7 a Month Down Special Sale Price yon bo tempted to own an awo inspiring Bedroom snltcT If this does not route your iovo of beouty nothing can 14 ' a Month Down ELECTRIC REFRIGERATORS — it 12 Bedroom Suites 1 Grunow & V Drawer! a Month Special Sale Price “ Norge Of 6 hai ueh fine furniture been priced 0 low Style! too that will bo moit la vogue for yean to com a Month 10 Dowa BEFORE YOU DECIDE— BE SURE TO SEE THE NEW ” Cht $ In- Vanity Net In many yean GAS RANGES In f 7 Bedroom Suites 119so Buffet model enamel fihiah Automatic heat control— Bed piece Special Sale Price ELEC RANGES Buffet type 8 pictured Full enamel conitrnctlon and $250 Estate Heatrola Heavy q Down Enjoy the World’s Finest Range in Tour Home—the Genulna e ( I 19 Bedroom Suites 'Special Hale PricVJr li not SUITES regu-lpto- q Thm beautiful lulte mark a new trend ta furniture deilga The itrllilng beauty of then lultoi 1 enhanced with rich Include! Bed Chut carvlnga Vanity and Bench ' Down 4 a Month $4400 L r - (jfIRL SCOUTS Twen-tyo-tw- - HOMES THIS WEEK WITH ’ i” ACTIVITIES OF program Itjls hot yet possible to formulate definite opinions as to the practical The West high athletic field was' back on May SO and did we have the scene of a very picturesque dance fun? We are still talking about it effejts or efficacy of the law since o Some of us and song festival on Saturday slept out of doors and thq'sedurltiess exchange commission troops participated in this got up before the moon went down anl toe federal reserve board first y pageant and the program was as fol- With lots to eat and plenty of places ft set up their rules and practical experience lows: The town crier Margaret Fitz- to go the trip made sf fitting concluthe enforcement of these patrick lords and ladies of the court sion to our year’s activities will suggest changes from MILDRED MOORE Scribe troop 34 heralds and jesters of the Also the character of ie to time court troop 1 English visitors troop 6 scouts of other lands Troop 20— Eight o’clock found the e appointees to the commission troop 29 Swedish visitors troop 8 Irish visi- Girl Scouts of troop 20 ready for ay be a matter of moment to inves-r- s and traders tors troop 14 Italian visitors troop Mountain Dell As soon as we go' 28 visitors Norwegian troop there we fixed our beds Then wi Undoubtedly the security markets 20 French visitors troop 17 went for a hike and took a nose ba will be sensitive to these factors It archers troop 30 Greeks troop lunch It was 2 o’clock when we g follows therefore that students of the stock market will have greater 11 seamen of the king troop back so we lay down and took 22 Dances of the village chil hour’a rest After we got up e rather than less need for reliance dren: On the bridge of Avignon started fixing patrol dinners Abo'S upon a logical method of conducting troop 15 muffin man troop 6 luby ail other things we wanted nighfto their operations The only sure meth-o- f anticipating an adjustment to new loo troop 31 inarch drill troop 9 come so we could have camppe-Whilit was still light we pufon influences la a set of sound principles housewives troop 13 cooks troop 26 nurses troop 10 laundresses troop stunts and sang Then we totted for analyzing the market’s own ac21 gardeners troop 12 and read stalies tion which when properly interpretsignalers marshmallows When it was time we sang Taps tod ed gives advance notice of coming troop 33 A chorus of about 25 Girl Scouts went to bed Then the leaders puft events ' furnished the music and were under Taps The Eagle patrol cooked brealfest BEARING SET the direction of Mrs Marcel Mar- and it certainly was good Afte we WASHINGTON June 9 (tfj--The quess to As June 22 approaches the days washed dishes it was time for d farm administration announced today cooking dinner because weiad that a left to register for camp grow fewer start public hearing on proposed to leave at 2 o’clock It was all rfdy and fewer Many of the girls have amendments to the marketing agreeto we and sat down eat toen had just ment and licensee for packers of walchosen their week or weeks for camp the truck driver came We had t(do nuts grown in California Oregon and already so if you have any choice something to get him to stay soWe coma down to headquarters and regWashington will be held at Berkeley to tatod invited and him dinner it Cal June 18 ister right away before your week is delicious We were very sorrj to full we because leave such had a yce If you can’t quite make up your HAZEL LOW Scrib- - passed her tenderfoot test Helen mind whether you would like camp time Hayden brought a cup of cherries for or not don't hesitate any longer be- Troop 34— the troop Miss Butterbaugh took the cause you can’t help but have a good “Down at the station early in be troop out in the play yard to play time one you get there It only some games Mrs Rainy said she takes ten minutes to get acquainted Seemorning the billies all In a ro’-- would like us to come again next little puff with all the girls in your tent and in Then we’re off to camp again— 1 year and she woud try to come too your unit and an hour after you have what funl Beginning with toe Tuesday was our last meeting of the been in camp you will forget every--’ toe morri?8 season in “yawning lone Wsrdleigh Scribe thing but having a grand good time when you hear the gugle roar" inDon’t wait any longer scouts Come to the day la just “chuck” tto Taps and register tomorrowl of things to do You can neverbe Troop Id— We began our meeting —— idle as long as Mrs Nelson andier by singing songs Then we all ref That hip hooray: Troop famous Katchina dolls are waiPg viewed knot tying and aeveral tenderwas the response troop 14's captain for you or perhaps you would ke foot girls passed their tests This was found when the there got troop leather work There will be will be our last meeting this summer to be ice cream at the end of a tiring new shady dells and mountain iny tails Mrs Jensen our captain expects to song practice to explore around our new gunner take the second class girls for an all Mrs Moser the captain had called home You many nature loversvlll night hike in toe near future Wt her “children” together at her lovely find new opportunities awaiting'ou closed our meeting by joining In a home on Arlington drive to have You carefree campers corns to tlyn circle and singing taps Our last two for the pageant concluding practice joys of the “great of of meetings were held at the home of When all through she announced that chanting doora” The cool exhilarating ipun-tai- n Mrs Jensen and everyona surely did If any girls cared to stay Ice cream breezes arc you way enjoy them would ba served Imagine anyone from the city’s beckoningheat The Several of our troop attended the parching Ice cream And sof away campfires lights anew the refusing of party the council gave for tot troops flaif remost went to welcome the they Let’s all of u re- at Lorin Farr park last Saturday and true" friendship ' freshments' new our old friendships and ike all enjoyed it very much We take Don’t get the wrong Impression new friends this summer arounfthe this way of thanking the council Tor We don’t really get tired of anything cheery t at Pinar such an enjoyable time campfires to do It is just our we are supposed MARTHA FLANDRO Scrip Lois Harvey Scribe of We way expressing ourselves are most loyal scouts Troop’ 7— Wa met in room W Troop 15— Our last scout meeting Because this Is to be read on Sun- Madison school Thursday at 4 pin n was enjoyed very much We had our day wq wish to say that we hope Each patrol put on a little ceremony We got in a form of everyone of you enjoyed thp Girl ’describing song The Mb flag a horse shoe and toe flag carriers - Scout festival held at the West high enjoyed them quite a bit Afterin’ Saturday spection and marking rolls we toot brought in the flag and we saluated MARY HOUGHTON Scribe over in Lester park and some of to it and said the pledge We sang “The girls passed their review of knt Star Spangled Banner’ “America’’ Troop 15— Our troop held Its regu- for their second class test They to “Pussy Willow" and “The Tlnsy Spilar meeting the last for this year as follows: Ann' Howell Leanto der" Monday afternoon We discussed dif- Sparrow Betty Davis Ruth War-fa- ll Nine girls were presented with ferent activities we plan to have this pint “Goldie" did the presenting Virginia Lindquist Jund summer A number of the girls are Darlene Danzer and f Sopie They are as follows: Glenna Cook Reed We decided io meet in Led La Rat Heyrend Jean Young Elaine planning to go to Pinar in July We are going to have a last get to- park next Thursday afternoon atL Grow Joyce Edson Louise England gether party Wednesday June 13 at We closed our meeting by singig Mar Jean Hickman Majean Young l and May Jt WM Jonoin Liberty park Wq will take our Run Along Home£ candle light We served refreshments ’"""lunches" and"spend toefet of the-da- y "Lfeahora Sparrow5cnb? I and were dismissed by singing “Run We expert to have a fine time — We went up to Mountain Dell for Troop 9— Girl Scouts of Troop Along Home” an overnight hike May 29 and came 9 met Tuesday and Marcella Frof Viva May Gammell Scribe 255 State St IN A SALE THAT WILL STIR THE CITY - IN SALT LAKE r t bor-rowe- d ' ' 0 Lounging CHAIR -- flxetrad’t AT 1 T fra "4 It la he closed one hand and by corporation manout automatically on the effective agements on the other as giving rise date of this section Finally it like- to possible troublesome controversy-provokin- g wise is worthy of note that the fedencroachments eral reserve board may exercise its The law’s attempt to carry out its own discretion in promulgating rules third object has given rise to other and regulations covering margin re- provisions of more immediate inters est to traders These cover clauses quirements From this It may reasonably he which seek to prevent directors and concluded that while margin require officers or any person who controls menU may be altered on occasion more than 10 per cent of any class the rule and regulations are likely of registered equity security from to be flexible and designed to pro- trading against tha public by subjectduce a minimum of disturbance to the ing profits realized in transactions !Wall Street Expert Tell normal functioning of the security within a six months’ period to recapmarkets ture by thq issuing corporation and t How Regulation With a central authority in posi- restrictions praction to curb unwarranted speculative tices Marts Will Operate outbreaks like those of 1928 and 1929 With respect to the latter It Is prothe markeU may tend to rtm more vided that “it shall be unlawful" to tempered courses through a cycle of create “a false or misleading appear(Continued Pari Two) rising and falling price movemenU ance of active trading in any securt tloned purpose of the act— that ja However it will not be possible to ap- ity registered on a national securities fully the possible effecU of the exchange" Indulge in wash sales conprevent Jha excessive use or credit praise law-othe market’s activity until the duct pool operations circulate or disr Hn stock market operations— Include board actually has formulated and an- seminate Information designed to Inthe section covering margin require- nounced 1U rules covering margin re- fluence investors to buy or sell and to engage in transactions designed to ments and a regulation forbidding quirementspeg fix or stabilize prices without members of a national exchange or Sound Traders Little Affected first reporting to the exchange aubrokers and dealers who transact Traders who conduct their opera- thorities and the commission the purbusiness through such exchanges tions in accord with sound principles pose and nature of such transactions from borrowing In the ordinary are unlikely to concern themselves The evident intent of these clauses course of business from any other about any uncertainties on this score in the act As to prevent “insiders” than member banks of the federal or with respect to the possible influ- and manipulators from facilitating ence of later changes in the board's the distribution of securities at reserve system or from sUch banks as comply with the rules apd regulations The action of high prices to the pubprovisions of the new law This pro- the stock market Itself has too con- lic and likewise to prevent depresvision evidently Is intended to give vincingly demonstrated its ability to sing of prices artificially for toe purthe federal reserve more effective foresee such changes to require any pose of accumulating theA at tha pubcontrol over speculative borrowings modification In the methods of those lic’s expense than it formerly was able to exer- who know how to Interpret its acThus while the regulation of martion cise gin requirements may somewhat limOther salient features of the act it the of the average small Margin Requirements be divided Into two groups both trader activity the scope of larger operations The new margin requirements may may to eliminate former abuses also may be restricted by the lav seem somewhat complex measured designed In the first group are included re- attempt to prohibit manipulation old standards as not severe but by strictions which limit the total The net effect thus would be tc reas those which originally were conof brokers to 2000 per In sidered a possibility The law as now cent of their net capital a section duce “unreasonable to fluctuationsmore make for enacted sets up a “standard" require- which forbids brokers to comingle prices" and tend ment stating that “the federal re- the securities of one Customer with orderly less extreme swings serve board shall prior to the effec- those of another without his written May Prevent Stabillsla tive date of this section (that is Oc- consent prohibits brokers from hyBut It must be recognized that toe tober 1 1934) and from time to time pothecating customers' securities for attempt to prevent price peeing and thereafter prescribe rules and regu- sums in excess of the amount the trading on the part of tolderi of lations with respect to the amount of tliereon and prevents the lend- more than 10 per cent of an equity credit that may be initially exten- ing of a customer's securities (for security might deprive toe market ded and subsequently- - maintained on short sales) without his written con- of a stabilizing Influence under stress any security (other than an exempted sent and which segregates the busi- since large interests iray be reluctsecurity) registered on a national se- ness of commission brokers from ant to accord suppoit to a rapidly curities exchange For the Initial ex- those of underwriters All these pro- falling price level tension of credit such rules and reg- visions seem likely to be accepted as Then again tot commission has ulations shall be based upon the fol- desirable by the financial commu- power to regulate md control short lowing standard: An amount not nity selling and the uit Of atop orders greater than whichever Is higher of: In this same category Is the provi- Contrary to popular assumptions nei(1) 55 per centum of the current mar- sion subjecting the “put and call" ther of these is abolished The commisket price of the security or (2) 100 business to certain regulations The sion only receivto authority to Issue per centum of the lowest price of the operations of specialists likewise are rules regarding such practices But 38 cal- - subjected to reasonable control toe mere knowledge that it may exsecurity dUfttrghe-precedin- g endar months but not more than 75 — orcise vontrolw place a ban on stops Proxies Regulated per centum of the current market In a second and short salto seems sufficient to rethere be may grouping strain price" large d?erator on toe bear side From the above It would appear included features which give the of toe markft Thus declining movecommission rather drastic disciplinthat the ?? per cent “standard” apments mayjuo without benefit of anary powers over the exchanges and other a tabbing force plies only to the “initial extension of members thereof the of regulation credit?’ It also is worthy of note Takinghese several factors Into that the control of margins appar- proxies and provision for the civil account lucre appears the possibility who of Violate the persons liability that downward price movements ently is vested with the federal re- commission’s rules add regulations might jfoceed at a more rapid vioserve board rather than with the seto and it give authority prescribe curities and exchange commission Upward movements on p&ie “the items or details to be shown in lent hand may develop more deDiscretions of Board the balance sheet and earning state- the oth Furthermore the reserve board re- - ment and the methods to be followed liberate? sincebetoe customaryto short intererf might lacking give ceives muchJatitude in the applies in the preparation of reports" the prices their initial Impulse out of an tion of the new requirements ostensi- issuer of registered securities by It may be regardoversdd bly for the purpose of preventing These provisions may be viewed as- ed as A position conclusion however foregone undue liquidation of accounts which kance by exchange managements on that too stock market will continue to eiperience alternating cycles of bull nd bear movements Conservative Measure Thl securities exchange act as now passA may be regarded as a much mort conservative measure than toe drastc measure first discussed when confess embarked upon its stock otherwise- - would have 1934 With 14-r- It- Iv-e- d ral nr of nd Brt-wel- tah tv e£ ' oumnu i a ts NORGE— As Low as— 124! end Suite in Sale op Oriental Type Rugs lilt More you’ve beauty quality than FINE COTTON MATTEESS and 00IL BED SPBING for Mattress Separately for Rug ever hoped for at a price anywhere near so low will Include A FEET SIZE and Axelrad’s Spring $fl 4)90 XCt 585 —OR— $3450 8 Down BOO AN INNEB-SPBINMATTRESS and COIL BED SPRING for G Mattress Eoparatoly for Wk 1191 Spring $ 4 £)85 AV 790 drfia-tizatio- :rs ” Each Bedroom Sold on Easy Terms toll -- VELVET RUGS toll AXMINSTtR RUGS l Gan-impl- 21“ Neweit Fattonu $290 ‘9x12 Telt TlasfltUGSrrr: In an array V of colorful new patterns “Tr 65 Visit the MODERNIZATION EXPOSITION At State and Broadway Then Step Next Door to Axelrad’s for More Modern Ideas In Homo Furnishing t - Cus- tomers offered too same complsto Aielrad service as city customers Open on Account K