The Clinton chronicle. (Clinton, S.C.) 1901-current, September 01, 1927, Image 2
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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
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