The Pittsburgh Press from Pittsburgh, Pennsylvania • Page 21

I 3 4 9 10 11 16 17 18 23 24 25 JULY Today's Business Now If You Want a Good Stock Bet, Statistics House Has Idea On U. S. Securities tie Fitts ID 19M 1 3 4 6 1 8 9 10 11 12 13 14 15 IS 17 18 19 30 21 22 23 24 25 26 27 28 29 30 burgl I I I I lfz 5 6 7 8 12 13 14 15 19 20 21 22 26 27 28l29l303ll i Jrress AUGUST 193 1 3 3 4 5 6 7 9 10 11 12 13 14 15 IS 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 PAGE 21 PITTSBURGH, THURSDAY, JULY 2, 1936 SECOND SECTION Independence Day, 1917- I DARE SAY War Fever Pittsburgh Crips By RICHARD L. C.RIDLEY TREDTrTTKTr- Financial Editor IT pasti curse of stocks is usually a ticklish tVl3 llle' There have been more wrong guesses on stocks anm all other games of chance combined. st Ct nation'slargest and most conservative atistical organizations is telling the public the "best bet" or its investment funds is purchase of securities of American ousiness enterprises.

Our Movie-Made Children Patriotic Crowds Cheer Troops In Monstrous Celebration advice comes from Standard Statistics which By Florence Fisher Parry THE QUESTIONING of a seven-year-old child in connection with the murder of his mother in bed. makes head lines in the press. And already the glib agitators Factories Running at Capacity to Produce Munitions against the movies are making capital of the assumption that the boy no doubt saw "too -uaeu me market outlook for E. A. PlCrce one the largest members of the New York Stock Exchange.

Backing up its predictions with Lh charts, ranging from last "ear to the number of person. riding on air-P-anes, Standard Statistics concludes: fY Ye know of no better place long term employment of lunds than in honestly managed, competently operated American business enterprises which, other tnings being equal, still have a Period of growth ahead of them. he only alternative to this program is complete despair." Wise Bought in 1932 WISE INVESTORS recognized this citliolinv, Pittsburgh risen to the heights of atriotic fervor when Independence Day arrives during war time, the story below would seem to indicate. It is the fourth of a series of five articles on past Independence Days, written as-though a modem reporter ecre on the scene reporting events as they happened. many movies, and got his inspiration for the bloody deed from them.

Some time ago a book was pub-lished, "Our Movie-Made Children" which created a minor stir among gul siLuannn av. par lible readers, Mrs. Parry and did incalculable harm to the motion picture industry, besides being a rank injustice to its essential character and ideals. For the sake of argument, let us assume that our children ARE what of ii? I claim that the movies have been the most ing power and in higher commodity prices, and in still higher stock prices, it will be the first time in the history of our modern industrial society that they have failed to so assert themselves. Touching the Tides POLITICAL uncertainties No political party wishes to turn the tide which is now running toward prosperity into a tide running tord another depression.

Taxes-Over a period of time we will pay more and more taxes; that already has been arranged; the causes are now water over the dam. Inflation The one certainty is that, today, there is no physical sign of dangerous inflation anywhere in our economic structure. Foreign developments If you assume a further extension of business recovery in this country, over a period of time, you should assume that it will occur despite a continuity of unfavorable overseas developments. Scarcity value of common stocks The scarcity value of good common stocks is indicated not only by easy money and abundant credit, not only by the low yield on bonds, not only by the dearth of new enterprises, but further by the Federal Revenue Act of 1936. This does not mean everything is rosy for the investor.

He still has the problem of picking the right stocks. In every bull market there are many issues that are declining and the entire market is still subject to sharp reactions at intervals just like it has been in the past. There is always the risk of some unforeseen factor upsetting business and stock prices. The risk in buying stocks is as great as it always has been. But the conclusions reached by Standard Statistics will receive careful consideration by investors.

By GILBERT LOVE Pittsburgh Press Staff Writer PITTSBURGH, July 4 1917 War! Pittsburgh seems to" be thinking about little else today. Not since July 4, 1863, when the Confederates were menacing the city, has Independence Day-found Pittsburghers so fervently patriotic. The present war is thousands of miles away, in Europe, but Pittsburgh looked like an armed camp today as the city celebrated the holiday with a monstrous parade. Martial music blared thiough the powerful instrument of education and enlightenment ever afforded the public outside the public schools and the newspapers; and have been not an inconsiderable aid lifting the public consciousness to a higher sense of citizenship. All we need to do is to picture a world suddenly bereft of all mo- 1932 and were large buyers of stocks at fractions of present-day prices.

Despite the large adfance prices since the lows were touched our years ago. Standard Statistics is still optimistic over the future of stock prices and business. Here are its reasons why stock prices should go higher: Generative force of a cyclical movement Once business starts a ma recovery movement, it automatically generates a certain amount of force of its own. Sustained consumer purchasing power Both political parties favor a continuance of relief and the continuance of the bounty to farmers for an indefinite period of time. Capital goods deficits These deficits must be filled by future production production at a considerably higher level than now prevails.

Easy money and abundant credit If the low interest rates which r.o-.v obtain and if the enormous excess bank reserves do not express themselves in expanded buy tion pictures; denied their entcr- tainment refuge; cast back upon the limited scope of the cheap i recreations which were the only I canyons that are the Golden Tri- angles streets, artillery rattled over the paving stones, and the tramp, i tramp, tramp of marching feet recourse of these in the humbler walks of life before the movies' advent; and the most prejudiced reverbeiated among the buildings. I critic of the movies would be forced Cheered by Crowds to admit that it would be a backward step in education. Look at the Record "T-HE SEVEREST critics of the A movies today are thns who do not attend them except occasionally. The average movie lan. who sees the averaee output, is the only fair judge.

His ballot is the wily one that should seriously count, for it is cast with that of the great movie audience of the world, and arbitrates the quality of the motion pictures of today. What is that quality? I have before me the Box Office Record for the past three months. It lists the pictures released during Pegler Looks Over Other Candidate From Kansas Knowing that these long lines of marching men the newly-uniformed Fifth United States Reserve Engineers and the ununiformed young men who have been registered for the draft may soon be serving in France, inspired the sidewalk crowds to bieak into frenzied cheers as each detachment appeared. Even in sections of the city not reached by the parade, there is plenty of evidence that the city has thrown itself into war preparations heart and soul. Recruiting posters are every -wheie, and there are not a few "Don't Be A Slacker" placards showing pasty-faced young men enjoying life while their brothers march away in uniform.

Out in the suburbs, men and women and boys and girls are cultivating war gardens. A flag hangs above nearly every porch and Don't Puli 'Foreigner' Stuff on Communist Browder, He Warns He's More Kansan Than Alf, More U. S. Than the F. F.

V. and a Leavenworth Alumnus the tramp, tramp, tramp of marching feet reverberated over doicntoivn streets. that time, and rates them according to their actual box office RESULTS in representative theaters throughout the country. This, then, is the PEOPLES vote, and is a true barometer, not only of their NEW DEAL ATTACK PLEDGED BY WOMEN By WESTBROOK PEGLER Are You In Favor OftheCCC? fos.nti. 1 I.t Tii- 1 1 1 i t- 1 1 1 Probably not'many of our citizens are aware that Kansas dooistep.

BUDGET GUARDIAN'S 'SHADOWJEMAINS McCarl Tells Ex-Employes To Resist Spending I tastes, but the quality of tin; SUP-: PLY with which the producers are meeting their demand: "Show Boat" leads. Its rating 'is 147 per cent 100 represents normal I business at the box-office That means that its box office is nearly Independent Coalition Opposes City Does Its Best has provided two nominees for the Presidency this year. The lected bv the Com- 1 front line trenches in France, that German U-boats have been sighted off the Atlantic Coast, that the War Department is perfecting its plans for a gigantic draft, and that Congress is debating the outlawing of liquor and beer so as to conserve food supplies. Regular features in the newspapers have been supplanted by departments such as illustrated articles on "How To Be a Soldier" and S. Army Exercises." Roosevelt's Policies By The United Press TOLEDO, July 2 The Inde- fifty per cent HIGHER than normal.

Proof that Pittsburgh is doing its munists in a meeting held last Sunday at Madison bquare bit and m01.e ha.s just come from I Washington, where officials have ua announced that the city has sup- His running mate is an Alabama Negro named James plied more volunteers than the War pendent Coalition of American "Show Boat" is completely decent. Department asked. A-ve the editorial, "McCarl's on Page 1.1. Women closed its two-day session last night on notes of anti-New Deal harmony when action was deferred on a controversial proposal Nickname Sought southern white folks, but it is not easea mm out oi xus juu. By The United Press per capita subscription to the Red Cross is second only to that of New Yoik.

The subscrip to make the organization perma- That's the question, taken to thousands of Americans about the worth of the Civilian Conservation Corps, one of the most important relief programs of the New Deal. The answers, gathered by the American Institute of Public Opinion from voters of all walks of life in all parts of the country will be revealed Sunday in AMERICA SPEAKS IN The Press Father Left- mger WASHINGTON. July 2 Employes 1 It tells a clean romance. It abounds in beautiful music, wholesome situation, normal sentiment, and at all times maintains a high spiritual level of impulse and action. "Under Two Flags" comes next, with a rating of 140 per cent.

Despite its hackneyed story and olien ineffective treatment, the underlying spirit of heroism and self -sacrifice which animates its story still captivates the fancy of the public. "Mr. Deeds Goes To Town," a His old man, who is still living, tion here averaged $6.46 for every went, to Kansas in the '80s to farm man- woman and child. The Press is running a contest in which citizens are urged to suggest nicknames for the American soldiers. The Biitish troops are "Tommies," the French are "Poilus" la claim and spent his first year in hhe i a prairie dugout.

The old man was i corps tnat is to be the "eyes" of ui Delegates of both Republican and fay iabored under the shadow of Democatic persuasion departed the 'dead hand of the past 1 pledged to enlist 1,000,000 mem-years, extended over them by ex-. controllin2: o5 anti piration of John R. McCarl's term I ers- r. TT Roosevelt votes the goal set by as Comptroller General of the U. S.

Mable Jacaues Eichel of Wil- Although out of office, Mr. Mc- i lrs" aDle esf Carl indicated he has no intention ton- director of the coal tion a left-winger himself and voted for General Pershing's army in France. ii. 15S 1 ii i wax i hkfly that he will go do into the South himself to address any of the party rallies. Mr.

Browder will i enresent the ticket in the meetings of the campaign. Mr. Browder is what shall the Americans be thoroughly wholesome comedy Sockless Jerry Simpson. He recently notified Comrade Browder that Yes, the city is very war-conscious today. Little wonder, with headlines in its newsDarers an- of abandoning his vigorous he had seen the light at last and flouncing that a battalion of Amei- that "most of the features of the ttUUUIluls J1 neriiuiy mui'iiuu mlu-New Deal violate the principles of ations, ranks third.

American Government," was! was now a Communist. lean troops is moving up to the It is hard to draw out these "ism" adopted unanimously. a Kansan of the 1 h'" Isl TEST YOUR KNOWLEDGE guys about themselves. They seem I to be all ideas and without blood or personal interests, but after prod- ding Mr. Browder here and there I i discovered that he once was a semi- John Brown tradition.

He is an pnerv. ornery aeainst "extravagant spending" by New Deal agencies. Upon retirement, Mr. McCarl wrote a letter, sent to each of his 5000 former employes, calling upon them to resist "blank check" spending by Government agencies, and to do their, full part "toward maintaining and safeguarding the independence of the accounting system independence from both executive and partisan political domination." In a statement to the press. Mr.

called? Suggestions are ranging all the way from long titles like "The Brave Lads of the U. S. and "Nephews of the Blue and Gray" to shorter and more practical names like "Yanks" and "Sammies." The favorite phonograph lecord of the day seems to be one with "The Star Spangled Banner" on one side and "The Man Behind the Hammer" on the other. Mary Pickford is playing in "The Little American" in a downtown motion picture house. Military Styles I MISSING BOY SCOUTS WERE 'HITCH-HIKING' witn smile which is lr'T, professional ball player.

He was a Ten Best Boxoffice THEN FOLLOW "Bullets or Ballots." scathing condemnation of racketeering, and exploiting its hero. Edward G. Robinson, as a G-man of surpassing courage. (Note: The movies can be directly credited with promoting the Federal Government's fine crime-hunting department under J. Edgar Hoover and bringing its successful activities to the attention of the public at large.

Without the movies' 1 What and where is Oceanica? 2 What part of a French franc is a centime? 3 In which state are the Everglades? 4 In what year was the Louisiana Military cloaks are also in vogue. The war motif is carried to an extreme in one fashion aiticle, which features costumes to be worn by milady during prospective air raids. Pittsburgh is sharing a spy scare with the rest of the nation today. News of the sending of American troops to France has apparently been tiansmitted to Germany, and German-American citizens are being viewed with suspicion everywhere. In Washington, the agents of the Department of Justice, the secret Three 'Lost Boys' Return After Trip to Erie Ty.

ore than hall snan. nc- wo catcher but he doesn even remem-vhts He has the rubbery per- bpr tne names of the pitchers that latency of the whole-souled ielu- I he caught or the name of a single and. although they put mm on anv of the clubs for McCarl intimated he planned to With nolice throughout the dis- hold himself ready to give assist- trict searcning for them, Pitts- Vwav twice for opposing uie uiau fn the bi? war. he is just as stubborn and cussed today as he was ance to the special committee of Congress appointed to study plans burgh's three missing Boy Scouts returned home late yesterday with aid in the dissemination of this which he worked. He does recall Purchase Exposition held? that he.

caught a game for the Potts 5 Who was Giacomo Puccini? Drug Co. of Wichita at Whitewater. 6 Does ice contain heat? on July 4. 1910, the day Jack 7 Name the oldest inhabited city Johnson licked Jim Jeffries in Reno, in the world. and remembers that his team won 8 Name the last letter of the bv about 15 to 5.

He was a weak Greek alphabet. tnen H-nrk in 'Goat Xesf for reorganization of Governmental departments and agencies. In this reorganization, Mr. McCarl said, he hoped that many, if not all, of the emergency agencies set up under the New Deal would be eliminated. Comrade Browder does business little office on the ninth the announcement that they had highly topical NEWS, it is unlikely taken a hitch-hike to Erie.

that the Government would have The boys. William Hood, 13, of achieved the stunning results it has 229 Gladstone Ulmer McGmnis. achieved under Mr. Hoover.) 14, of 1100 North Neglcy and other box-office films are "Pri-Charles McCaffey, 14. of 5558 Belle- Vate Number," innocuous romance: At the beaches today, women are wearing red, white and blue bathing suits.

And it may be to conserve material or for some other reason many of the new suits are without stockings and sleeves. Among the newest fashions is the "war bride veil." which is a long piece of net trailing from the hat. hitter, but he scored a run from a 9 Where is Waterloo, where Na- service, postal inspectors and other Federal agents are being mobilized into a unit that will check on espionage activities. poleon met final defeat? 10 WThat and where flnor of a terrible oia goai hase on balls. rnmmunists publish their Ends Baseball Career Cawn- is rock left the Guyasuta summer "The Trail Of The Lonesome Pmf," New York paper, the Daily Worker, TwQ years later, in the summer of pore A Answers on Comic Page.) 1 Factories Humming On the walls are uniramea 1912, he happened to be nT Fall cmd some NeglO.

oirI tho manacrr nf th T.nnin ana SUUH-- and the manager of Drive Passes $40,000 The annual maintenance fund campaign of the Salvation Army here has passed the $40,000 mark, City, the, SIDE GLANCES By George Clark t-i 1 William Z. Some sort of censorship has been set up in Washington to protect Ameiican troop movements, Pitts- ruiu probably the man who conducted the Foster, Scout camp on Monday, announcing that they would return. When they failed to re-appear Tuesday night their parents began a widespread search, notifying police of surrounding communities. Little the worse for their experience, the boys arrived back in Pittsburgh, announcing that they had had "a great time." Overjoyed at their return, their parents had not decided upon whether punishment was in order. 1919.

is ana i workers reported at a rally yes-! tprdav in TCanfmann's auditorium. burgh learned today. There is con me steel strike local club invited him to catch a twilight game which ended in a tie. called because of darkness. That was the end of his baseball career.

Nowadays he shoots an oc- I casional game of pool and he some- times takes a drink, but he doesn't I s-v If of the place, ana uieie at or int- could siderable criticism of this move. Full committee reports on the here are running at 000 campaign have not been filed, it was announced at the meeting. of comraae shaving and look foreign. flrvr don't pull that foreigner rnmrado Browder. be- capacity, producing war materials.

The United States Chamber of Edmund C. Stone, general chairman of the drive, presided. iik nts Kansan than Alf I have the look of a man who would he is more showdown, get any lun our oi euurr pu-u i Commerce warned its members yesterday that a shortage of steel 1 it tO a OFF THE RECORD By Ed Reed 'V he can look any member of the ft of the American Revolution First Families of Virginia or the u- Comrade eve. roi beautiful and uplifting; "The Ex-Mrs. Bradford," harmlessly amusing; "Captain January," wholly wholesome; "Small Town Girl." healthy sentiment, and "The Kin; Steps Out." spirited Graustarkian romance set to exquisite music.

These are the PEOPLE'S Choice of movies; and when we say the People's choice we say YOUTH'S choice, for youth leads the world in motion picture attendance. -T- The Great Ally THE PUBLIC schools, particularly the high schools, have been quick to recognize the great ally they have in the Motion Picture industry. They are utilizing the movies as well as radio, newspaper and magazine, "to convert the Inch school into a people's as one great educator lias asserted. More than three thousand lu schools already are discussing the issues of "The March Of Time." a featoire which marks as definite a progress in motion as any innovation since Sound. Forthcoming films provide us the certainty that the motion picture industry is becoming the factor "in the education ot youtn ti-u Head lm in Wicnita.

ft.au., Tl'O KJ Landon is out of Penn- for industrial purposes is threatening. The First Pennsylvania Field Artillery was informed yesterday that when it leaves Pittsburgh for tiaining camps it must leave behind more than 100 of its members who are employed in factories mak drinking. He looks as thougn ne wouldn't get much fun out of anything but fighting for his rights. He is determined to have his rights. Of his year in the Platte County, jaif and his 18 months in Leavenworth he has almost nothing to say, even under questioning.

It may be reticence, which would be strange in a revolutionary politician! but more likely it is just that he is numb on that side of his horL--track his ana ne hQ vlvania American ancestry Kansas. ft.emuch. I '1 VSSinia to the year sixteen hundrea ard something-Lids Like Mussolini's ing munitions. beine-. I asked Comrade Browder So.

in spite of the fact that the QHnnt. five-ten neigui, touch euvs who were; war is across the seas, Pittsburgh is right in the thick of things aiP blue eves and pink lids, hi ciaSsmates in Leavenworth and! with pale DiuL hp, and smells of the He weais he smiles he prison, out iiKe ivi" t.P and when times, NEXT Even in peace death takes no holiday. guys were just nis.c umci ic5-people and the prison wasn't so bad. You turn him on and he just doesn't run. Lives in Yonkers his UPS aaid shows his teeth.

He seems pretty sore about something, and I imagine he will tell us that is eating him in speeches Denver, Butte and He is married to a Russian worn- an and lives in Yonkers and has Points during his! tmir which begins in Au- three children, only one of whom Choir Will Give Recital The choir of the First Presbyterian Church of Homestead will present a program of sacred music at Chautauqua, N. Saturday and Sunday. In addition to the choir a double quartet, composed of Mrs. Comrade Browder never had much which has ever annexed itself to the schools. "Romeo and Juliet" and "A Midsummer's Dream" have been made.

"Julius Caesar" and "As You Like It" are about to go into production. ThJ effect of these great films upon reviving a popular interest Shakespeare is incalculable. Also, the filming of "The Good Earth." "Lost Horizons." "The Green Pastures." "Marv of Scotland." "The Charge Of The Light Brigade." "The Last of The Mohicans." and other great works of htei aturt. modern and classic, may well lay claim to BOAST the fact that our children. IF Movie-Made, are all better for it! schooling, for he naa zo a cash boy in the is old enough for school.

He doesn't like the personal family publicity which Presidential candidates are exposed to which Is a laugh, because it isn't likely that his young ones will have to take anywhere near as much of it as Miss Peggy Landon or the Roosevelts' little boys. If I hadn't told you. go to work as ostein Cohen department llenstem was Wll-mio, store in COre Charles R. Stone, Laura Gehoe, Mrs. James M.

Woods, Eleanor Ack-erman, George Bell, John Felker, Frederick A. Welty, who is direc Tha was in 1901. There ear t2 Uie ramily. His 7-Z were sirk. and the father, a laDoii.

tor, and Allan Ries, will sing sev- you probably wouldn even suspect that Kansas had a second entry in ii a week was imporiaiib i.ww-S1.50 a wetrn- month. "Well have a hard time getting a tan with these air maneuvers going on!" I hated to quit my last job, but they were beginning to treat me like one of the family." leral numbers Saturday night. 5ftrieTorganiL a strike of 15 I the race this year,.