Decatur Daily Democrat, Volume 27, Number 306, Decatur, Adams County, 27 December 1929 — Page 3

■L MORE Kass. Hfy AND BETTER K W* BREAD If / F<» 1i S\ | | ~ y Fisher & Harris. ■■ Miller & Ih'l vh, hecahir V»1 Appleman' Grocery R> '■* Vol lal.er < rocen. Monrue Bower (inn cry, Preble r* " Illiums Equity E'cvator ( ~ ■JIX *= /L | " illiams. Ind. ■mn I Spiller X Son. W illshire. Ohio I Everett Grocery. Pleasant Mill ■ W 2 Berne Milline Co.. Kerne ■ Benhai I Grocery, \\ ren, Ohio ■jffiBSSSTX ,’XrX? ZWSIP&SSI k ier & Harris ■ash grocery Granite, Tin and Aluminum Ware fl,'!, 4 and 5 Free City Delivery Service with Low Prices ■ KfiCane Granulated, 10 pounds 55c or Pork and Beans, ‘ i >. ~ns 25c }■. large cans 10c, 3 for 28c lek Sweet Corn, 3 cans 29c Corn or Peas, 2 cans 25c large cans, solid pack, 2 for... 25c New Navels, dozen 35c nit, Balls of Juice, 4 for 25c ■ Fancy Select Roman Beautys, 3 lb 25c El Baldwins or Grimes Golden, 1 lbs. 25c let Potatoes, Jerseys, 4 lbs. 25c ■ns large No. Is, 7 pounds 25c fl medium size, 5 pounds 15c Creamery, pound 47c u ■aratw ~v llesto, pound 20c ■■uco or Elgin, pound 25c Select Rips Fruit, 4 pounds 29c ft® Tide of Decatur, 12 lbs. 21 lbs. 89c ■iooch’s best, 21 lbs. $1.0“: : urd 5H.25 ini own Flour, package . >, 29c lu , U m i.. ■ ? -?• ■ ■ or'Yellow Granula-ed ( orn pounds 19c, HI lbs. 35c gallon cans 75c & G., 10 bars 39c, 6 bars 25c Ktßrand Milk, can J9c Flavors, 3 packages 25c Il s, New Sorghum, 100'. pure, get now at these low prices: ■ns. .$1.20; ] / 2 ffal.. .60c; quart 35c | MLog Cabin. 35c size 29c Raisins, 3 pounds oiled Oats, 6 rounds 2ac i fl Quality Rio, 3 pounds • b" ,! ‘ fl)ecial Coffee a guarantee J 'ice r> 38c Mud Brand Coffee in 1 lb, tins, no fg”-' coffee packed, only • •• ’• ( fls Salt Smoke and Sugar Cure for Ml curing, 10 lb. cans (S ■nd Crystal Salt, 100 lb. bag ■alt. 50 lb. block , K H< Tender, Fully Bleached, large ■‘h, 3 stalks . , / H ■1 assortment Fruits and Vegetables ■STIC Oleomargarine fl no coloring, tb.prints

DECATFR daily DEMOCRAT FRIDAY. DECEMBER 27. 1929.

YEAR END REVIEWS OF WORLD EVENTS --

Hv Elmer C. Walter, I'P Financial Editor X "' v York. Dec. 27. (U.R) Stocks -I, the N w York stock exchange, 1 ' -New York curb exchange and markets all over the world car'"l to n<>w record prices for all ill the past year, attaining 'lielr peak on September 3. Then lollowi-d a break of such scope Unit the financial situation of every 'lulioii was ghakt u. I lives are rallying as the year "los<'s and through efforts of the idministration nt Washington a ■aiiie ol never before was averted in the business world. The outlook for 1930 is for continuation of strength in Indus :>■ A tew industries are expectd to show marked recession from li'-’il, but enough others will forge ihead o the past year to more han offset the declines. Tie stock exchange issues iiavng been ii dueed in market value more than sso.llmi,mm.ooo by November 13, when the industrial ind railroad averages touched new ows for the year, are in a poslion to profit by any favorable lews respecting their companies, | ’o nfidence has been restored and i l» I'tikitive buying lias resumed. Ihe break which carried stocks town 2(i to nearly 400 points and ■roke the industrial average as impil-d by How, Jones & Com-1 >any ISO pouts from the high ouched on September 3 cost many Imerieans their fortunes The i'at middle class which had played tile market so successfully arlier in the year lost not only irotits, but capital too, for these neople tried to keep their stocks hrough the reaction and were viped out. Causes of Debacle There has beep no comparable decline in the annals of the speculative world. Never before had so many small investors and speeula‘ors played the markets. Never

I Hite’s Grocery! * LOWEST PRICES QUALITY GOODS SUPER SERVICE E 3 Phones 31 and 201 Opposite Erie Depot B Free Delivery i || pounds Fine Granulated f'.l QI pound sack White Lily or QQ AV Sigar MtbV Lady Washington Flour. OOC B M y pounds New Corn Meal 25c 3 medium cans Little Elf 25c I I*> pounds Fancy New Raisins Qp* O large cans Little Elf SYf* I O Pumpkin B Little Elf Corn or Peas Qi /IX Fancy Chocolate Peanut QCL« 2 for 25c; Dozen Clusters, pound . B • ) can Little Elf Kidney Beans OP- Fancy Sweet Potatoes QX/» M Large Cans No. 1 Pineapple 1 Q Large Cans pears 2Phßapple 9>i PEACHES I in Syrup Can £’)l in Syrup No. 3 Pineapple 9fip qq Can «OL qq ZjOC All Fancy Sliced in Heavy Syrup <•> pounds Fancv New Rice 09- Fancy New Mixed Nuts OQz* B IO ZOC Pound M Fancy New Pink Salmon. ISc |Q pounds Large Yellow 2s)t* E 1 A pounds New Hand Picked DO,, Basket Onions, large yellow CO., B AV Peans VOC (50 pounds) Ovt H Quart can Battleship Mustard ew Elites 0 Gold Dust Scouring Powder Q_ Pilkburv Cake Flour QX/» B 2 cans (Large Mixirg Bowl Free)... . O«JL I O 4 lb. sack Polar Bear QI A* Soft Center Choco'atc Drops OXpM cr Pillsbury Flour... tpA.VO 2 pounds “91 H 9 lbs. Fancy Fig Bars 25C fake 50c Va,Ue 39C I Fresh Country Sausage OXz* Large bunches Celery Harts IO I I Per pound "dl lUV B Fancv New English Walnuts Fancy Cranberries I Pound I>o ” nd VV COFFEE SALE STILL CONTINUES B Perfect Coffee (in vacuum QT I 4 pounds Fancy Bulk Coffee AO E tins) pound Ot>C and a 6 qt. Granite Kettle Freet/OC B 3 pounds for I

What caused the greatest stwk market crash in history? What is the outlook for American business lor 193(1? Who stepped into the forefront and saved the I nited States from a panic caused by the great stock market crash? These questions are answered in the accompanying year’s review of Finance by Elmer ('. Walzer, United Press financial editor. before had prices broken so sharply or so swiftly. The causes of the debacle dnte back to the tiist of 1929. At that time the Federal reserve hoard saw ihe storm' clouds gathering and 'ssued a startling warning in February. Prices broke. But the rank and tile of small traders Ignored it. Prices soon were back in the bull swing the Hoover market' that had been in progress since I the presidential election. Me inwhile in the rerilm 'of business prospetlty never before equaled prevailed. Business men, unlike stock speculators, had learned a lesson in 1922 and 1923, however. and they kept stocks low and v.sed discretion in buying. That saved business when the stock market broke. It was the first market panic in the history of the Vnited States that did not result in a business panic. Simiilt meous business progress and heavy stock market operation had a telling effect on the money ma rket. Call Money Tightens Brokers' loans used to finance stock market operations steadily advanced, setting new records for all time. fall money tightened but it had no effect of note on

stocks. In March a crisis <ame I with money on call rising to 2:> I per cent The situation prevailed until I mmr autumn. Then in the latter part of July so much gold was leaving London that in August the Bank of England was forced to rise Its discount rate. About the .same time the New York bank ra sed its rediscount rale ami the market broke badly. But like all oilier breaks before a substantial rally set in that lasted until stocks had made a peak for all time short ly after September I. About that time came tin- Hatry fallute in I ,‘indon. Thousands of Britisli and European stockholders In tlie Hatry company, a huge Investment trust, lost millions of dollars. They immediately began to sell their holding in the American market. Tlrs persistent selling undermined prices and despite every attempt at a rally the decline continued. A short time before these events, the Massachusetts public service 'commission refused to grant the I Boston Edison company permis- i sion to spit its stock, declaring' the stock was not worth Hie pricej at which it was selling. This . brought a sharp decline in Boston Edison and seriously affected the. Utility stocks in general. Constant j pressure against this class of. stocks had a bad effect on other' stocks whose position already had been impaired by the foreign sell ; ing. During the selling wave brokers! loans advanced steadily until they] reached a record for all time above | $9,000,000,0(10 on September 30. Barters Powerless Many of these undigested secur-1 ities iepresented new financing or initial financing for investment trust companies which were grow-] ng like mushrooms. The market! break was the test of the value of those investment trusts. In a ris-

'lug market they had made millions, in (i declining market they were supposed to be able to bring stabll-i-ty by their buying operations. 'Traders placed a great,deal of faith • In the trusts, Imt the stint was too ; great even for these wealthy In- ! .stiiuiions All the billions In Wall street .could not stay the break when It joneo gathered momentum. Whim .selling was at Its height and things ! looked blackest In the financial community, the biggest banke.ra in Ithe world hurriedly met In the of ' flees of the Morgan company and discussed Hie situation. The best tln> bunkers could do was to help make u market for stocks where none existed (Ince tin- break got under way. the selling spr ad like a forest fire. In a few weeks the brokerage loan foal was back Io where it was early in 1925. ('all money got down to 4*4; per cent ami went begging at 3 in the outside market. Fears were expressed that business would suffer and these added to the gloom. It took the I

c Saturday Specials Fancy Oysters — Freshly Dressed Rabbits Nice Chickens Fresh Back Bones —Spare Ribs and Hearts Home Made Noodles and Cottage Cheese Sugar Cured Cottage Hams Plenty Pork Specials and Beef Tenders Choice Cuts of Native Beef and Veal SPECIAL—6 cans of any kind of the following articles— Little Elf Peas, Little Elf Tomatoes, Little Elf Kidney Beans, Little Elf Corn, Perfe *t Green Beans, 75c Monarch Sauer Kraut 6 cans 1 Nice Plate Boiling Beef 3 lbs. 50c OLEOMARGARINE Besto Nut, Special 3 lbs. 50c Standard, Colored lb. 40c N u c o a 3 lbs. 70c 3 Cans BIG HIT PORK and BEANS 3 cans 25c Perfect Red Beans 3 cans 25c Big Hit Red Kidney Beans 3 cans 25c 2 Cans Clover Mead Shoe Peg Corn, 2 cans 35c FRESH WHITE MOUNTAIN ( REAMERY BUTTER .... 45c lb MALTS Puritan 2 cans $1.05 Miller Hi Life 2 cans $1.25 Blue Ribbon 2 cans $1.25 Real Meritan 2 cans $1.45 T rueworth 2 cans 75c Supro, a 5 gallon can 1 can $1.75 COFFEE— Beechnut Vacuum Pack Coffee 2 !/ 2 lbs. SI.OO Man O’ War 2 lbs. 75c C h e f 2 lbs. 95c Maxwell House 2 lbs. 95c M. J. B 2 lbs. $1.05 American Breakfast Coffee 3 lbs. 90c Fresh Rendered Lard 2 lbs. 25c Fresh* Picnic Hams lb. 16c Fresh Pork Shoulders lb. 17c Fresh Hams, whole or half lb. 20c Miller’s Fresh Whole Wheat, Raisin and White Bread 2 Jars, olnts, Superba Peanut Butter 2 lbs. 41c 2 cans Doily Madison Black Raspberries 2 cans 55c SPECIALFRESH FRUIT CHERRIES in pint containers pint 30c SATURDAY ONLY— With each Dollar order we are going to let you have 1 can of Banquet Apricots and 1 can of Perfect Peaches, Large cans , 2 cans 45c ! Deliveries All Day Phones 106-107 Order your New Y ears Poultry NOW! Mutschler’s Meat Market

miH ki-t five yearn (<> got where It ! wiih anil lesn than five weeks to ruin the entire structure. Hoover Conference* Hock bottom wt.h lilt on Novemher 13. From that day until the' second week in December prices rallied until the Industrial average was 40 per cent above the low of Hie year. Then came another week ot technical cori't-i-flim, for it was! argued Ahe rim had been 100 nip d Bl esillent Hoover Immediately took the matter vigorously In hand mil hronghl the best economic talent in I lie country Into conference tn determine what could Is 1 done. These confer' lives with, biislnesH men representing all lines brought mil that fundamental comlitlotm wire sound; that the break had lieen in the stock market alon-J ind ih.it it had nothing to do w th Ims Hess. Very few failures resulted from the stock market break. Only one small stock exchange house and two small curb exchange houses went hv tile board. A few sib-i ulaI tors took their lives.

PAGE THREE

After the market break, the construction period brought quick re- | duction In call money rates, n -hiinkago of oO per cent in the brokerage loan total; greater pro- ' portions of pure ImA-stment buying of securities for cash; a rising ! bond market; lower rediscount rati-s here and abroad M gie of Tree. Tlii're Is nintrlc In the word ••'l'n’es." It means so tmieli to th* lover of nature Trees stand for nil that Is best In life-beauty, loyalty. steadfastness of purpose, sud to sum It up. they lire «>nilsillc of life Itself. Tlic, the Io ghe. They give tl« frnlt. they brim' the birds with the cheerful songs they give us le'iiutlfol surroundings., they sle-lter tiw th e stock from Hie lint sun. they renird He- eviiisiriitlon of moisture from the land they lessen the velocity of the wind hi. 4 furnish as I res - fill |i|eiis;,re whenever we are near them t'nlted States Diiiy. • Miller’s Raisin Bread for •a’e Wednesdays and Sator* davs each week at all grocer®.