“We have no authority to estab
lish a six-hour day for five days
a week for all of Alaska at $5.00
per day. We have no money to
(Continued on Page Eight)
Insurance
Plan Will
See Fight
National Association of
Manufacturers Pre
pare for Battle
WASHINGTON. Dec. 31.— The
National Association of Manufac
turers has stepped into the ap
proaching Congressional battle over
social security with denunciations
of any unemployment insurance
system involving compulsory con
tributions by industry.
The Association went on record
as favoring the general idea of such
an insurance but is ready to cam
paign against any plan such as
has been advanced by prominent
Administration advisors, a tax on
payrolls to provide funds for the
payment of jobless.
STOCK PRICES
TILT UPWARD
LAST DAY ’34
NEW YORK, Dec. 31 .—Security
prices in the main tilted upward
slightly as the year ended. Meas
ured by the price averages, shares
were moderately under the level of
one year ago but bonds were far
above.
Net gains for the day were from
fractions to more than two points.
Today’s closing tone was steady.
Transfers total 1,000.000 shares.
CLOSING PRICES TODAY
NEW YORK. Dec. 31.— Closing
quotation of Alaska Juneau mine
stock today is 18%, American Can
114'ti, American Power and Light
3%, Anaconda 11%. Armour N 5%,
Bethlehem Steel 32%, Calumet and
Hecla, no sale; General Motors
34%, International Harvester 42%,
Kennecott 17%. Pound $4.9411.
FRANK RIPPE
DIES SUDDENLY
SEATTLE. Dec. 31—Prank C.
Rippe, aged 63 years, veteran res
taurant man. died suddenly here
today as the result of an attack of
the heart.
DAWSON MAN ENDANGERED
Romeo Poulin. Dawson woodsaw
man, narrowly escaped death in
that city recently while working
with a gasoline engine in a closed
garage.
