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P<» h X -L ‘Jt, •.X > page two THE CLINTON CHRONICLE, CLINTON, S. C. THRSDAY, SEPTEMBER 1, 1927 0* 1 Book Store Briefs j Money Market Situation Questionnaire For Sunday School Class Faculty' For Colored School j : g ■ ‘T 1 1 Now is the time for you to join our Fiction Library. 20c minimum charge i By ROGER W. BABSON Dr. D. J. Rrimm wishes his Sunday school class prepared on the following questionnaire for next Sunday: ' The following faculty for the Clin ton colored school, has been announced for the 1927^28 session: for a book for- 6 days, not including ( Sunday. 4c a day after the six days. New Fiction every month. A good chance to read new books at a small cost. Ask about outline of “Masterpiece” tablets, note books, drawing paper in pads at a low cost. A real line with a seal that you can save. Look them over. All teachers favor this line as it is uniform and of good quality. Pencils, 1c, 2M:c, 3c, 5c, 10c. Roseville Pottery—the best on the market, is now on display. IJow about that wedding present ? Better look it over before you buy your gifts. Bird baths at a low cost. Only $7.00. Boys’ , Books, Girls’ Books, Copy- Babson Park, Mass., Sept. 2.—Ro- the name and which must suffer in ger W. Babson today discussed tM the general readjustment which is money market in his weekly inter- ahead of us. view. Mr. Babson feels that money i “On the other hand, there are many rates will continue low for high-grade' more good bonds on the market today loans but may stiffen for loans of than ever before. Hundreds of mil- questionable security. His complete lions of preferred stocks have been statement, with the reasons for these | sold aiyi the money has been used to conclusions, is as follows: jstrengthen the position of outstanding Statistical Situation j bdnd-issues* -Many bond issues which “The last comptroller’s situation and were in a questionable situation ten the recent reports*of the Federal Re- years ago are now absolutely secure, serve bank show that the banking sit-1 due to the huge amounts spent on uation is fairly sound. Of course, loans ! equities which serve as additional sc are high, but deposits seem to justify curity for these old bond issues. Fur- them and the reserves of most banks j thermore, the general demand for pre- are very satisfactory; in fact, the ra-'ferred stocks has enabled bankers to tio of reserves to liabilities of the Fed- secure a greater equity for many of eral Reserve bank is running better, the new issues, especially public util- second grade. Bertha Henry, L. h, Allen univer sity,' first ^rade. Supearly Beasley, L. I., Benedict college. , I than 78 per cent. Another feature in connection with right Fiction at a reduced price. 19c, ity issues which have recently been sold. For these reasons I am optimis- 29c, 48c. Your chance to get good books less than cost. Inks of all colors sold by the ounce or gallon. 1 money’ rates is commodity prices. Al- tic on the bond market situation as a FINAL SETTLEMENT Take notice that on the 20th day of September, 1927, I will render a final account of my acts and doings as Ad ministrator of the estate of Rachel C. Young, deceased, in the office of the Judge of Probate of Laurens county, at 11 o’clock, a. m., and on the same day will apply for a final discharge from my trust as Administrator of said estate. Any person indebted to said estate is notified and required to make pay ment on or before that date; and all persons,having claims against said es though ceitain commodities have ( whole, and believe that the demand for strengthened in price during the past! good issues will continue and the mar- few months, > F et there has been no ap- ket for good issues will hold firm. A preciable increase in the commodity great many good issues are available i price indices. Until there is a marked today, and most of them are destined increase in commodity prices or a eventually for higher prices, marked reduction in bank reserves, j General Situation there is little reason for expecting "The most uncertain factor in con- i generally increased money rates. This, nection with the money market is the of course, is on the assumption that future attitude of American investors our stock of gold continues as at pres- {regarding their foreign loans. This is ent. If anything should happen to , an important factor in connection both ^ cause extensive exports of gold, then , with interest rates and general busi- y° un 8T minis er. this would necessitate a retirement of : ness conditions here in this country, circulation and a consequent stiffen- j W hen American investors purchase ing of rates. It truly would be a good foreign bonds, it means that gold is thing for the country to have this take ' shipped abroad, or foreign indebted- place, but economists do not now anti- ness is reduced, or Europeans are mak- cipate any such gold exports. Some , *ng purchases in this country. All of believe that the recent increase in the these things temporarily benefit the price of cotton and certain of the ce reals will tend toward higher money Additional Questions 1. What woman prayed for a son and then gave him away? 2. What woman was first to "see Christ after His resurrection? 3. What woman was so preoccupied with housekeeping that she did not have time to attend to religion? 4. What woman caused a man to be “hung as high as Haman”? 5. Who are the four wicked women of the Bible? 6. What young widow accepted a proposal 30 days after her husband’s death and married same day? 7. What girl knew her own mind so perfectly that she instantly accepted the first proposal to marry a man she had never seen? 8. What woman kdvised her hus band to curse God? 9. What beautiful, buxom girl so fascinated a 77-year old man at first sight that he blubbered for joy and did 14 years’ work to get her? 10. What young widow, although it was not leap year, proposed to an attractive old bachelor and was ac cepted on the spot? High School JL M. Johnson, principal, A. B., A. M., S. T. B., Johnson C. Smith univer sity, Mathematics. Service Charge Added By Banks Effective today the three banks of Althea Anderson, A. B., Livingston the city are adopting new regulations college, English, French, Latin. Ruth Rice, L. I., Benedict college, History and Science. Grammar School > Corinne Roden, graduate of Scotia semiitary, ^eventh grade. which have been called to the public’s attention in their advertisements for severaLwegks past. A gervice charge is to be levied on all accounts falling below a $50.00 balance during the month. Also de- Ruth Alexander, L. L, Allen univer-. ferred credit on all out-of-town checks, sity, sixth grade. | or in the event immediate credit is de-. Clara Wright, L. L, Morris college, sired, the cost of collecting such items fifth grade. I will be charged. The banks have also Claudia Dorroh, L. I., Allen univer- eliminated their former custom of pay- sity, fourth grade. ! ing for the printing and binding of Helen Henry, L. I., Allen university, business customers’ check books, this fourth grade. | cost to be paid by the individual bus- Ida Boyd, L. I., Morris college, third inesses. The public is asked to co grade. {operate in the new regulations which Laura Harris, L. I., State college, go into effect today. 11. What two women by their quar reling came near causing a split in one of Paul’s.churches? 12. What two women are credited with chief training of a N very able* NOTICE tate will present them on or before rates, as more funds will be required said date duly proven or be forever barred. JACK H. YOUNG, Administrator. August 17, 1927—9-15-5tc NOTICE! Miss Lena Copeland announces the opening of a kindergarten in Clinton on Centennial street, at the home of; t Mrs. J. L. Wright, Sept. 5th. business situation and permanently Classes Monday, Tuesday, Wednes- i benefit conditions if the foreign bonds | day, ■ Thursday and Friday, from 9:00 purchased are good. To the extent | j m to i2:00‘m. Phone No. 247. to. finance the crop as prices advance.! that such foreign bonds are good, such This would be true if the price advance purchases should be encouraged, as — —-—- was due to increased demand; but they benefit all interests involved. On LiVCFy OH© KHOWS I lid. I when it is due to decreased production, the other hand, many of these ^ ore *^ n 4-Ijrkj»p n |* P n fl Hpffpr the result is debatable. .issues are still very speculative, as in- ^ ^ i , U Bankers More Careful dicated by the high rates which they | StOVCS Hiad© than th© fd- “For some time conservative bank- pay ‘ Although the attitude of Anreri- jnQyg Blick StoV© which ers have been disturbed by the stock ta " '"vestors toward foreign bonds HIOUS DUCK SIOV© WOICI! , manipulations which have been in pro- I w,n . ** a " important factor m de er- ^8 beCH Hiad© fOF cSl I WonWaUSt.«t. ^ ^ yearS . W e sell B UCk S of pools and have believad that prices ,will decide to do in con-! and ha VC bCCO Selling of many securit.es are well out of tea-““h the P^hase of such dur- f - , son. These conservative h-.ni^rc the next year or two. Here again Ifieni IOT ID yedFS and received little j <un wan otrwt. conservative,. . - •ui . Books open for subscrip- ! h ? n _ ker * ical^nvestors w tion to stock in Series E beginning September 10,1927 aiberty B. & L. Association These conservative bankers, how-.. , , , ,, rt Ht must be remembered that the world Their warnings fell on deaf ears ;, fs ruled by feelings rather thah by fi- ever. H. D. HENRY, Pres. F. Mv BOLAND, Secv.-Treas. 10c LINEN TABLETS Ruled or Plain Special this week only 2 Tablets for 11c You Save 9c Buy Your SCHOOL SUPPLIES no deaf Many of their banking friends were ^ ur ® 8 - themselves in these pools, and even “For the first time since 1924 the the pools were being financed by Babsonchart has come down to nx>r- were the bankers. After the terrific break in Manhattan Electric Supply stock and certain other stocks, all bankers began to discriminate somewhat in their collateral. Those who had been operating ih these pools came to their senses and listened to the advice of their older and more experienced friends. Although further readjust ment in stock market quotations is in evitable, yet the market is in a much mal. I hope it will hold at normal and j if so we have nothing to fear for this ! will be a healthy situation. This de-j cline in business has, however, been a distinct factor in •keeping money rates : low. In vitw of what has happened in general business and in the stock mar ket during the past few weeks, it is ' very important that business men and | investors carefully watch conditions J from now on. Although business is they are just as good now as ever. Prices are reasonable. FULLER-SIMPSON FURNITURE CO. OUR CLEANING AND PRESSING SERVICE ADDS LIFE AND NEW NESS TO OLD CLOTHES— Phone 28 and we’ll send for your Fall Garments, to be properly cleaned, pressed and returned promptly. Our cleaning process cleans your clothes clean and they are pressed on most modern steam pressers,* Students should have their clothes prepared for the school season now while service is certain to please and charg es are so moderate. DYEING - CLEANING - PRESSING Buchanan’s “Kleaners Who Klean” Phone No. 28 at SMITHS PHARMACY Your tongue tells when you need stronger position today than it was on ruled by feelings rather than by fi- August 1. „ inures, it is true that figures go a long “The general attitude of bankers to-i wa y s in determining feelings.’’ day is to discriminate loans much . (Copyright, 1927, Publishers Finan- more carefully. Where the security is , c ’ a ^ Bureau.) beyond question, very low rates are 1 Outfits quoted. Moreover, rates on such Rood AKonHnnpH Fnr collateral will probably continue low n0 P e ADanUOnCa r or for some time to come. On the other hand, it is much more difficult to bor-! row today on good collateral or non- Seven Pacific Flyers San Francisco, Aug. 26.—Memorial j income bearing securities than it has services at sea for the six men and been for some years. As a result of j one woman missing in connection with this discrimination, it is now very easy the Dole flight today were planned by to get money on good security and ( San Francisco citizens, rather difficult to get money on poor ] The plans were to have the Matson security. During the past week I have liner Maui halt 700 miles west of San heard of several instances where the! Francisco on September 16, on her same bank is loaning to some con-; voyage to Hawaii, while flowers are cerns at 3% per cent and is charging cast upon the waters during offering 8 per cent to other concerns. This is 0 f prayer and singing of an anthem by an illustration of what I have said be- clergy and passengers aboard. • A l —who demand style, quality and value are ready at Bailey’s. fore, namely, that the world is ruled by feelings rather than by figures. Theoretically, money rates are govern ed by bank statements and other sta tistics; but actually, money rates are Letters were sent today to all known relatives of the lost flyers, telling of the memorial plans, seeking sugges tions and offering to take to sea any ; I flowers sent here for the services. determined by the feelings of bankers. { The Maui is to sail from San Fran- Today statistics suggest continued or c isco on September 14. Two d*ys la- even lower money rates, but feelings and confidence Rave been shaken. Bond Market Outlook “When the above reasoning is ap plied to the bond market, it means that good bonds should continue to hold firm and with an increase in de ter, September 16, a month after the thrilling start on the Pacific air derby at Oakland, Cal., she should be near 1 < the point where, on the night of Au gust 19, Captain William Erwin, of , Dallas, Texas, and A. H. Eichwaldt, of Hayward, Cal., flashed from their Never a more complete assortment of Men’s wearables, so early in the sea son, as now presented here. The offerings for Fall and Winter 1927 at this popular store, surpass the pre sentations of recent years in style,work manship and Value. Coaled longue, dry mouth, bad breath, muddy akin, groggy nerve* and sour stomach suggest its use. FLOWERS For Funerals, Sick Friends or W e d • dings. We represent Glenn- Ayers Floral Co., of Spartanburg, S. C. Call 74 CHRONICLE PUB, CO. Stationery Dept mand, while speculative bonds may | plane, the Dallas Spirit, the starling tend to decline. The bond market is|l ast ra dio message, “SOS tail spin.” determined wholly by supply and de-1 ^ was hecau 86 of this last word mand, and this is largely determined ^ rom the Dallas Spirit that the point j | by the attitude of the banks. When 1 700 miles out on the g reat circle was , more banks want to sell bonds than! c R°® en a8 the place for the memorial j sell bonds, bonds go up in price; when! 8ervicea - N <> other word was received | more banks want to sell bands than ^ rom the other two planes, the Miss 1 buy bonds, bonds go down in price. D 0 ™ 0 and Gilden Eagle, after they { The outlook for the coming winter is 1®^ 8 lght on the mainland on August i 16, and their fate and whereabouts Lovely Fall Dresses that the demand for high-grade bonds may increase, while the demand for low-grade bonds may decrease. Hence we may see the paradoxical situation of high-grade bpnds increasing in price and low-grade bonds decreasing in price. “Of course, the word ‘bond’ does not mean what it used to mean. Thirty years ago, when I went upon the Street, nearly all corporation bonds then offered were first mortage bonds. Only a few of the large railroad is sues had consolidated or refunding bonds, so-called; while collateral trust- bonds, debentures, and bonds of hold ing companies were almost unknown. During recent years, securities which really are no more than preferred stocks have' been labelled bonds in or der to make them sell. As a result, there are many so-called bonjhron the market today which do not deserve have since been a mystery. I It was not known today what cler gyman would be aboard the Maui to conduct the memorial, but be he, min ister, priest, or rabbi, the services will be held, regardless of creed, a non- denominational tribute to those who dared challenge their fates. Naval vessels continued their seach for the flyers today. They were pro ceeding over heretofore uncovered areas seeking a trace of the planes of Miss Mildred Doran, John Auggy Ped lar, Lieutenant Vilas R. Knope, Jack Frost, Gordon Scott, Captain Erwin and Alvin Eichwaldt. In a most pleasing variety of the desired styles, fabrics and colors, for the new season. These are styles and values you will appreciate. Every Lady and Miss is invited to come and view these new arrivals. s Fall Stocks Arriving Daily Each day adds to our preparations to serve you with the season’s newest goods at the lowest possible prices. / What Do P. S. JEANES J. A. BAILEY, Merchant Clinton, S. C. —5 Do? A' Ti ...