er

PAGE SIX
| ———— — — St
A safe stolen at Lancaster re-
cently, but unopened was found a-
loong the Conowingo creck.
reel Gn ree
Mrs. Charles Seitz and daughters
aged 15 and 1¢, Mountville, are
near death from inhaling coal gas.
ree etl re
When in need of Printing. (any-
thing) kindly remember the Bulletin

TTT MYT
BRUBAKER’S
for all NORGE
Electrical Appliances
MOUNT JOY, PA.

ELECTRIC

RATES
Again
REDUCED
NOW...
Better Living
More
Electric Service
AT LITTLE OR
. NO MORE COST
PENNSYLVANIA
HALLER & Licar company

THE MOUNT JOY BULLETIN, MOUNT JOY, LANCASTER CO.

Nature of Competition Vastly
Changed From Former Days
Development of New Products and Raw Materials Added
to Price Rivalry

Washington—Are our “giant” cor-
porations holding down living stand-
ards by holding up prices, in an
effort to make exorbitant profits?
Has competition declined so that the
production and distribution of goods
needed for higher living standards
is being hindered?
A study which has just been com-
pleted at the Brookings Institution
found that competition is as real as
in former days—perhaps more real.
But it operates in a different way.
INDEX NUMBERS
200
150
0
1870 1880 1890 1900
INDEX NUMBERS
150
100
50
0
1870 1880 1890 1900
kept in step with wholesale figures;
period.
Manufacturers today compete not
only in the pricing of their products,
but also in the development of new
products and new uses for raw mate-
rials. The result may be even more
useful to the people as a whole than
in the days when the prices of near-
ly all goods were fixed by direct
bargaining in the market.
The making of prices over a large
part of industry is vastly changed
from what it used to be. The pro-
ducer estimates in advance a price
at which an article can be bought by
an expanding number of people and
then finds a way to turn out a prod-
uct within that price.
Almost everyone is aware that
this is the way automobile prices
are set, and the study found that the
three largest concerns in this indus-
try have set the high water mark of
competition thus far.
Today, it is almost impossible for
go-called monopolies to keep prices
unduly high in order to make big
profits. Advances in physics, chem-
istry, and engineering have been so
great in recent years that, whenever
a corporation tries to do this, some
one comes along with a satisfactory
substitute at a lower price.
Previous studies made at the
Brookings Institution indicated that
the best method of passing on to the
public the benefits of improved pro-
ductive efficiency is by giving the
consumer lower prices.
Policies of Many Corporations
Are Examined
In the latest study, entitled “In-
dustrial Price Policies and Eco-
nomic Progress,” specific inquiries
were made into the policies of many
manufacturing concerns to find out
whether they were aimed in this di-
rection, The study was made by Dr.
Edwin G. Nourse, director of eco-
nomic research, and Dr. Horace B.
Drury, a member of the staff. It was
financed under a grant by the Mau-
rice and Laura Falk Foundation of
Pittsburgh.
Big corporations since the World
er have sought to effect econo-

MANUFACTURED

mies and promote efficiency, the
study found. This is in contrast to
the aim of combinations of a gen-
eration ago, which was chiefly to
control markets, suppress competi-
tion and raise prices. Some of these
older combinations were able to
hold up prices for a time, but even-
tually such attempts broke down or
aroused so much resentment that
the combinations were dissolved by
governmental actions,
The study did not find that the
Weekly Wages and Wholesale Prices of Manufactured Products
INDEX NUMBERS
200
150
100
WAGES

1910 1920 1930 1940
The Amount That Could Be Bought With a Week’s Wage
INDEX NUMBERS
150
100
50
0
1910 1920 1930 1940
These charts Indicate in general how living standards have risen since
1870, during which years there have occurred the greatest development of
machine production and the growth of large corporations. The upper
chart shows that, although the wholesale prices of manufactured goods
were about 9 per cent lower in 1937 than in 1870, the weekly wage had
increased more than 150 per cent. The lower chart shows how much a
worker could purchase with his weekly wage, assuming that retail prices
in 1937 It was nearly three times as
much as In 1870. This increase came In spite of the fact that the length of
the working week was reduced by approximately one-third during this
percentage of the nation’s business
done by “giant” corporations has
been increasing. Production by such
large enterprises comprises about 40
per cent of the total, which is about
the same percentage as obtained a
generation ago.
Big and Little Companies Work
Together
The study shows how big and lit-
tle companies work together to the
advantage of both. Large corpora-
tions are generally able to spend
more freely to maintain competent
technical and management staffs,
and these companies have usually
been in the front of price reduction.
But smaller concerns also benefit
from this large-scale production.
With larger concerns purchasing
their supplies in large quantities
and planning production far in ad-
vance, smaller companies which sell
them supplies and raw materials are
in turn able to plan production on
the most economical basis. Many
small concerns also find it easier to
borrow money from local banks and
other sources when they have con-
tracts with large corporations.
Operation of industrial enter-
prises at their practical capacity is
necessary if the nation is to have
maximum production of goods, the
report of the study says. Forward-
looking price policies, constantly
aiming toward giving the consumer
more for his money, were found to
be the most important factor im
bringing about capacity operation.
The high level of employment
which would come with such capaci-
ty operation would have far greater
effect in raising living standards
than any employment which the
government could provide.
Since 1870, while our large cor-
porations have been developing,
the amount of manufactured goods
which the average worker's weekly
wage would buy was multiplied by
two and a half. At the same time, the
working week was reduced by about
one-third.

Loca! Affairs
in General
Briefly Told
(From page 1)
struck by an auto.
Autos killed 2,564 in 1937 and 1,-
570 in 1938 in Penna.
Fifty-five barred rocks were
stolen from David Bunn, at White
Horse.
There were 853 babies born at
the Lancaster General Hospital last
year.
The boro of Adamstown will dig
a 400 foot well and build an $80,-
100 resevoir.
Dandelions are in blossom and
_robins were seen here over the
week-end.
J. Lloyd Hollinger, 9. East Pet-
ersburg. had his hand badly mang-
{led in a meat chopper.
Mr. and Mrs. Wm. A Dupes, of
Elizabethtown, celebrated their 50th
wedding anniversary.
The Lancashire Knitting mill, a
new industry, employing 25, started
operations at Ephrata.
When an auto hit a tree and up-
«et at Hopeland, three yersons wer:
injured but none seriously.

)

Savings Plan Spurred By
New York Fair Interest

In at least thirty-eight States
banking institutions are now
operating New York World's
Fair 1939 Savings Clubs, organ-
izations for depositors which
induce them to save stipulated
sums each week for a trip to
the Fair next Spring.
This savings plan, announced
just one year ago, has for its
slogan, “Save loday to See the
World of Tomorrow” and sev-
eral banks have linked it to
their Christmas and Vacation
Clubs.

‘BLU-GLO' RANGE OIL BURNERS

America’s Hottest Range Burner
Cooking, Heating & Hot Wafer
Fits Your Coal Range or Bucket-a-Day
HEATS 2 3 BOOMS
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Saves money over
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1 No Woed. Coal.
Ashes or Dirt.
Sree 4% Million “Blu
los” in Use. See your

Distributor for this District
E. M. KAYLOR—111 Lumber St.
MOUNT JOY, PA.
There is no better way to boost
your business than by local news
paper advertising.

PA.
THURSDAY, JANUARY 12th, 1939.

a —————

This Section's
Numerous
Weddings
Miss Elizabeth Stehman
Winfield Randler
Mrs. Rhoda Stehman, of Florin,
announces the marriage of her
daughter, Elizabeth, of Florin, to
Winfield Randler, son. of Mr. and
Mrs. Michael Randler, of Florin,
which took place June 18, 1938, at
Alexandria, Va. The ceremony
was performed by Rev. Elmer F.
Leonhardt, of Emmanuel Evangel-
ical Lutheran church. The bride
wore a gown of white lace and
carried yellow rosebuds and baby
breath.

Mildred C. Doerson
Joseph D. Brown
Miss Mildred C. Doerson, daugh-
ter of Mr. and Mrs. Charles Doer-
son of Lancaster and Joe D.
Brown, son of Mr. and Mrs. Arthur

'H. Brown of this place were mar- |
at 1:30 Saturday afternoon at
Anthony’s Rectory in Lancas-
her. Rev. Cletus A. Hauck per-
‘formed the ceremony. using the
|double ring service. The bride
{oie a gown of white satin trimed
with duchess lace, and a finger tip
p.. Russel W. Leib; sec, A. E Swei-
gart; tres. Jacob P. Prescott; fore-
Wm. Hackenberger; asst,
S. H. Bartles; directors,
Philip I. Libhart.
Martin Camp
Represent-
man,
foreman,
Zach Kinsey.
Harry Steffy, Jr.,
and Holmes Voorhees.
atives to the Lancaster County
Firemen’s Asso. Convention, John
McCarthy and Harrison Gingrich.
The Ladies Aid Society of the
Ludwig Methodist church will meet
this evening at the home of Mrs.
William Mundorf.
Mr. and Mrs. L. Calvin Mackley
were the guests of Mrs. Emma Haw-
thorne at Harrisburg on Sunday.
Mr. and Mrs. Howard Swartz, of
Harrisburg were the guests of Mr.
and Mrs. E. F. Miller on Monday.
Our Card
Basket For

The Week
Mr. and Mrs. Samuel Peiffer of
Newtown, were the Sunday guests
lof Mr. and Mrs. Daniel Peiffer, of
town.
Mr. and Mrs. Harry Smith, Mr.
Adam Ruhl, of York were recent
guests of Fred Leiberher and fam-
ily on Marietta street.
Sunday guests at the editor’s

| veil. Her flowers were white roses,
sweet peas and chrysanthemums.
The maid of honor, Miss Lorraine
Doerson. wore a gown of blue silk |
and the bridesmaid, Miss Ellen
Rainor of Lancaster wore Fuschsia
silk and they both carried bouquets
of daffodils. snap dragonis and car-
nations. The flower girl, Barbara |
Anne Pennell, wore a floor length |
dress of white satin and she carried /
a colonial bouquet. The groom had |
as his attendants Gerald B. Arntz |
and Walter Schroll of this place. |
Mrs. Doerson, mother of the bride
wore a dress of Royal Blue crepe |
and Mrs. Brown, mother of the |
bridegroom, wore a dress of teal
blue with a hat to match. A Te- |
ception for about one hundred
guests was held at the bride's home,
311 East Marion street. after which
the couple left on a wedding trip. |

Bainbridge |
Bainbridge
for
At a meeting of the
Tire; company recently officers
he year were elected. Results are
as follows: Pres. I. Oliver Fery; v.|

| sons James,
jhome were Mr. and Mrs. Eddie Nel
son. Mrs. Robert R. Lauer and Miss
Mary Elizabeth Lauer, all of Har-
risburg,
Mr. and Mrs. Robert Brandt and
Robert and Paul, of
Elizabethtown, spent New Year's
day at the home of Mr. and Mrs.
Earl Kaylor.
Mr. and Mrs. Ernest Cobaugh and
children, Mrs. Mary Brinser, Mr.
and Mrs. James Gerber and two
sons, all of Elizabethtown, were
Sunday guests of Mr. and Mrs.
Martin Gerber of town.
Mr. and Mrs. Enos Kulp, on East
Main St., entertained a number of
out-of-town guests at their home
on Sunday. They included: Mrs.
Fianna Kulp. daughter Miss Myra,
and Mrs. A. D. Brandt, zall of Pal-
myra; Mrs. Aaron Gingrich and
daughter Gladys of Campbellstown;
and Messrs. Benj. Hoffman, Landis
Eby, Ralph Ungamuch, and Abram
| Chapman, all of Elizabethtown,
Stimulate your business by adver-
tising in the Bulletin.
Subscribe for The Bulletin.

THE PRIZE WINNERS AT
LEGION’'S CARD PARTY
The American Legion Auxiliary
Post 185 held a card party Thurs-
day evening in the home on Mari-
etta street.
The prize winners were: bridge,
Mrs. H. M. Stauffer, Mrs. C. O.
Brandt, Isaac Morris and Mrs. An-
thony Warta; pinochle, Mrs. Paul
Frank, and Mrs. Mabel Hendrix;
five hundred, Mrs. Benj. Brown,
and Mrs. Helen Snyder; door prize
Mrs. C. O. Brandt. Hostesses were
Mrs. John Longenecker and Mrs.
Frank Germer.
———O
Subscribe for The Bulletin.

FIRST NATIONAL BANK OF
LANDISVILLE IN THE STATE
PENNSYLVANIA, AT THE
OF
OF BUSINESS ON DEC.
CLOSE
31, 1939.
(Published in response to call made
by Comptroller of the Currency, un-
der Section 5211, U. S. Revised Sta-
tutes).
ASSETS
L.oans and Discounts aie 3232,520.42
U. S. Government obliga-
tions, direct and guar-
anteed PS cer vein 85,793.9
Other bonds, notes, and
debentures 147,438.61
Corporate stocks, including
stock of Federal Reserve
7 OE Ay RE SR 2,850.00
Cash, balances with other
banks, and cash items in
process of collection..... 59,592.11
Bank premises owned $4,000,
furniture and fixtures
$4,000 8,000.00
121.44
Other Assets

Total Assets ............ $636,322.48
LIABILITIES
Demand deposits of individ-
uals, partnerships, and
corporations .$141,020.10
Time deposits of

uals, partnerships,
corporations eave ween 269,008.64
Deposits of States
itical subdivisions ....... 11,366.92
Other deposits (certified and
cashier's checks, 2,691.70
ete.)....
Deposits $424,087.36

Total
Liabilities ........ $424,087.36
CAPITAL ACCOUNT
(lass A preferred, total
20,250, retirable val-
ue $20,250, Common, 2500,
total par $50,000
SUrpIUS
Undivided profits
Reserves (and retirement ac-
count for pref. stock)..
Total

$70,250.00
24,750.00
14,735.12
2,500.00
Total Capital Account
Total Liabilities
MEMORANDA
U. S. Covernment obliga-
tions, direct and fully
guaranteed ...... 00000000
Total pledged (exclud-
ing rediscounts)...........
Deposits secured by pledged
assets
11,366.92
satus e aa yaaa $11,366.92
County of
Total
State of Pennsylvania,
Lancaster, ss;
I, N. IL. Bowers, cashier of the
above-named bank, do solemnly swear
that the above statement is true to
the best of my knowledge and belief.
N. L. BOWERS, cashier
Sworn to and subscribed before me
this 9th day of January 1939.
Phares B. Stehman, J. P.
My commission expires Jan. 3, 1944.
Correct—Attest:
WM. F. HOFFMAN
M. L. SWARR,
ED. G. MYERS,
Directors

AND UP
without notice.
tion,
delivered at Pontiac, Mich.
Prices subject to change
Transporta-
state and local taxes
(if any), optional equip-
ment and accessories—extra.

PRICE
REDUCTIONS
UP TO

100 W. Main St.
MOUNT JOY, PA.
Phone 112

1402

|

{
Il
0
BE PROUD TO OWN A
Hassinger & Risser

TRUCK AND CAR
COLLIDED HERE
A slight accident occurred at the
North Market street and alley in-
tersection at the rear of Brubaker’s
store about 7:30 Tuesday morning.
A trugk driven by Mr. Zim-
merman of Florin, and a car driven
py Lloyd Ebersole. collided, as one
was driving out the alley and the
other crossing the same.
Smashed running boards
fenders ‘were the extent of the
and

damage.
REPORT OF CONDITION OF THE
FIRST NATIONAL BANK AND
TRUST COMPANY OF MT. JOY
IN THE STATE OF PENNSYL-
| VANIA, AT THE CLOSE OF RUSI-
NESS ON DECEMBER 31st., 1838.
(Published in response to call made
by Comptroller of the Currency, un-
der Section 6211, U. S. Revised Sta-
tutes).
ASSETS
discounts....... 778,381.39
obliga-
guar-
and
Government
direct and
of States and
subdivisions vs
notes, and
ake reat 442,966.49
including
Reserve
Loans
U. S.
tions,
anteed
Obligations
political
Other bonds,
debentures
Corporate stocks,
stock of Federal
bank
158,956.28

5,265.88
~ash, balances with other
banks, and cash items in
process of collection ..... 182,850.94
Bank premises owned $24 -
514.33, furniture & fixtures
$9,056.17
Real estate owned other than
33,670.50
bank premises ........... 29,259.60
Other assets 11,833.89
Total Assets ........... $1,650,901.94
LIABILITIES
Demand deposits of individ-
nals, partnerships, and
corporations $364,894.54
Time deposits of individ-
uals, partnerships, and
corporations 930,883.55
Depart. of U. S. Govt, in-
cluding Postal savings.... 2,111.53
Deposits of States and polit-
cal subdivisions ........... 60,688.27
Other deposits certified and
cashier's checks, etc)...... 2,846.04
Total Deposits $1,361,429.93
Other liabilities 2 655.32
Total Liabilities ....... $1,364,085.25
CAPITAL ACCOUNT
Class A preferred, total par
25,000, retirable value $25,-

,000; Common, 6250 shares
total par $125,000.......... 150,000.00
vec serine Ns 101,500.00
Undivided profits ......... 11,862,938
2 | Reserves (and retirement ac-
count, for preferred stock) 23,453.71
Total Capital Account.... 286 816.69
Total Liabilities......... $1,650,901.94
MEMORANDA
U. S. Government obliga-
tions, direct and fully
guaranteed .... coord 78,781.73
Deposits secured by pledged
ASSES ya arr 66,965.99
Total Pledge: $56,965.99
State of Pennsylvania, County of
Lancaster, ss:
I, R. Fellenbaum, cashier of the
above-named bank, do solemnly swear
that the above statement is true to
the best of my knowledge and belief.
R. FELLENBAUM, Cashier
Sworn to and subscribed before me
this 10th day of January 1939.
Gertrude Pothke, Notary Public
Correct—Attest:
AMOS N. MUSSER
ELWIN A. MARCH
ELMER E. BROWN
Directors

est Ride x
Floors} With Dufle,
Ree-Action, Proved
DEEDS RECORDED
Clinton H. Eby and wife to Clin=
ton G. Eby and wife. property on
North Barbara street, Mount Joy.
for $200.
Esther B. Hipple and John A.
Hipple. her husband, to Rheems
Fire Company Inc., tract of land in
Rheems, running parallel to and
midway between Lime and Broad
streets.
etl Ee
There is no better way to boost
your business than by local news=
paper advertising.
REPORT OF CONDITION OF THE
UNION NATIONAL MOUNT JOY
BANK OF MOUNT JOY IN THE
STATE OF PENNA, AT THE
CLOSE OF BUSINESS ON DEC.
31, 1938.
(Published in response to call mada
by Comptroller of the Currency, un-
der Section 5211, U. S. Revised Sta-
tutes)
ASSETS
Loans and discounts (includ-
ing no overdrafts)....... $ 984,585.92
U. S. Government obliga-
tions, direct and fully
guaranteed 797,760.32
Obligations of States and
political subdivisions ..... 9,057.89
Other bonds, notes, and
debentures 257,511.75
stocks, including
stock of Federal Reserve J
bank 12,751.00
Cash, balances with other
banks, and cash items in
process of collection...... 481,655.11
Bank premises owned $25,000

34,524.00
Real estate owned other than
bank premises ..........e. 54,425.76
Other Assets 182.78
OAL
LIABILITIES
Demand deposits of indi-
viduals, partnerships, &
corporations 495,536.21
Time deposits of individ-
uals, partnerships, and
corporations 1,660,392.8¢ §
Deposits of States and i
political subdivisions ...... 61,237.08
Other deposits (certified and
cashier's checks, ete.)....
Total Deposits
Total Deposits $2,117
Other Liabilities ....
CAPITAL AC

10,193.34

47

-1
ec
<
NT
Common stock, total par
$125,000 $126,000.00
SurpliS 300,000.00
Undivided profits .......... 75,881.91
Reserves (and retirement
account for pref, stock).. 14,205.70
Total Capital Account .. $15,087.61

Total Liabilities ..~....$2,632 454.43
MEMORANDA
U. S. Government obliga-
tions, direct and fully
guaranteed... ovis. of
Total pledged (exclud-
ing rediscounts).......
37,024.51
37,024.5
Depoists secured by pledged
ASSetS
25,098.14
County o
Total
State of Pennsylvania,
Lancaster, ss:
I, H. N. Nissly, cashier of th
above-named bank, do solemnly swe
that the above statement Is true t
tha best of my knowledge and belief,
H. N. NISSLY, Cashier
Sworn to and subscribed before
this 9th day of January 1939,
Annie W. Blensinger, Notary Publ
My commission expires Jan. 26, 19
Corvect—Attest: _... bl
R. H. KELLER
ROHRER STONER
HENRY H. KOSKER
Directors

If you don’t think great engineering is important,
one ride in a Pontiac will change your mind.
Because great engineering makes Pontiac better
than you ever thought a low-priced car could be!
It accounts for Pontiac’s miracle ride and sterling
performance. It makes this big car tie small cars
for thrift. Best of all, great engineering gives you
a blue-ribbon quality car at a price right next
to the lowest. Come in—get the facts about one
of the greatest engineering feats of all time!
GENERAL MOTORS TERMS TO SUIT YOUR PURSE
PONTIAC]

120 S. Market St.
ELIZABETHTOWN, PA.
Phone 233

furniture & fixtures $9 624 3
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