NAB reports (Mar-Dec 1933)

Fundamental Investors Corporation, Jersey City, N. J. General American Securities, Inc., New York City. Gold Hub Mines Co., Denver. Colo. Hamilton Depositors Corporation, Denver, Colo. Income Foundation, Inc., Baltimore, Md. Independence Royalty Fund, Baltimore, Md. Industrial Institute, Inc., Jersey City. N. J. (2-90-1). Insured Investors, Inc., Kansas City, Mo. International Guaranty Thrift Syndicate, Denver, Colo. (2-92-1). Interstate Investors, Inc., New York City (two issues). Irving Investors Fund Co., Inc., New York City. Keystone Custodian Funds, Inc., Philadelphia, Pa. (2-86-1). London Option Gold Mining Co., Denver, Colo. (2-89-1). Massachusetts Investors Trust, Boston, Mass. Miniature Models Manufacturing Co., Ltd., Reno, Nev., and Los Angeles, Calif. Mutual American Securities Trust, Jersey City, N. J. (2-97-1). Mutual Mortgage Company of Chicago, Inc., Chicago, Ill. (2 981). Nation-Wide Securities Co., Baltimore, Md., and Jersey City, N. J. National Associated Dealers, Inc., New York City (2-93-1). National Farm News Publishing Company, Washington, D. C. National Trustee Fund, Inc., Philadelphia, Pa. (2-87-1). Participating Securities Corporation. New York City. Paymaster Consolidated Mines, Ltd., Toronto, Canada. Plymouth Fund, Inc., Jersey City, N. J. Qualified Gold Shares, Inc., New York City. Republic Company, Denver, Colo. Republic Investors Fund, Inc., New York City (2-94-1). San Juan Ramsey Co., Boston, Mass. Selected American Shares, Chicago, Ill. Speculative Profit Shares, Inc., Jersey City, N. J. Standard Corporations, Inc., Jersey City, N. J. Standard Industrials, Inc., Jersey City, N. J. Standard Oilshares Inc., New York City. Standard Utilities, Inc., Jersey City, N. J. State Street Investment Corporation, Boston, Mass. Stutz Motor Company of America, Inc., New York City. Super-Corporations of America Depositors, Inc., New York (2 991) (2-100-1). Supervised Shares, Inc., Jersey City, N. J. Texas Gulf Producing Company, Houston, Tex. Trafilator Corporation, Staunton, Va. (2-78-1). Trustee Standard Shares, Inc., New York City (three issues). Union Deposit Company, Denver, Colo. United States Banking Corporation, New York City. United States Electric Light and Power Shares Inc., Baltimore, Md., and Jersey City, N. J. Washington Industrial Loan Co., Washington, D. C. Wolverine Consolidated Syndicate, Laramie, Wyo. (2-82-1). MINUTES AVAILABLE SOON Abstracts of the minutes of the Engineering Section meeting, held at Chicago, June 26, and the Commercial Section meeting, held at Grand Rapids, June 27, have been sent to the printer. Distribution to NAB membership will be made within the next two weeks. ENGINEERING REPRESENTATIVES APPOINTED In accord with the resolutions adopted at the meeting of the NAB Engineering Section at Chicago, June 26, the following have been appointed as zone representatives to assist the Engineer¬ ing Committee in its study of the existing allocation system and its application: First Zone: J. R. Poppele, WOR. Second Zone: E. L. Gove, WHK. Third Zone: J. H. DeWitt, Jr., WSM. Fourth Zone: Wm. H. West, KSD. Fifth Zone: Harold G. Peery, KHJ. The study will be used by the Engineering Committee as a basis for a report at the October convention. An attempt will be made to describe an allocation system based on the best possible engineering. CEASE AND DESIST ORDERS During the month of June the Federal Trade Commission issued cease and desist orders against the following: Misrepresentation of therapeutic value: 1838-Natural Eyesight Institute, Inc., Santa Monica; 1996-Nancy Lee Institute, New York City. Misbranding: 2033-H. Michelsen Company, Inc., New York City; 2097-Samuel Brier and Company, Philadelphia. • Page COMMISSIONER STARBUCK ON TRIP Commissioner Starbuck will leave Washington on Wednesday, August 2, for an inspection trip to observe the use of radio on communication air lines. He will go over the principal airlines of the country, both east and west, and will probably be away all of August. Mr. Starbuck has made similar inspection trips each summer since he has been a member of the Commission. LEE ASSISTANT TO TERRELL E. H. Lee, supervising radio inspector in charge of the Detroit office of the Radio Commission, has been called to Washington as assistant to William D. Terrell, chief of the Division of Field Op¬ erations of the Commission. Kenneth G. Clark, of the San Fran¬ cisco office of the Commission, has been transferred to the Portland, Oregon, office as Acting Inspector in charge and Richard J. Cotton, an inspector in the Portland office, has been transferred as inspector in the Detroit office. Victor G. Rowe was transferred from the San Francisco to the Los Angeles office. NO RADIO HEARINGS No hearings at all are set at the Commission for the week be¬ ginning Monday, July 31. TRADE COMMISSION ADVERTISING ORDER The Federal Trade Commission has ordered E. Griffiths Hughes Inc., Rochester, N. Y., dealer in proprietary remedies, to stop representing that its “Kruschen Salts” constitutes a cure or remedy for obesity and that it will of itself reduce fat. Also the company is told to cease asserting that its “Radox Bath Salts” has therapeutic value when used in the bath, that it releases great quantities of oxygen when used, that it combines the proper¬ ties of world famous spas, or produces the effects of treatment at such places, that it stimulates or energizes the body, and that it is imported from England. RCA LICENSE CASE ARGUED Brief argument was held on Thursday before Justice Luhring, of the Supreme Court of the District of Columbia, in connection with the petition filed in that Court by C. Wood Arthur, a resident of this city, asking for a mandamus directing the Radio Commission to cancel the licenses of the Radio Corporation of America and its subsidiaries on the ground that the Federal Court of Delaware found RCA guilty of a practice that tended to a monopoly. Justice Luhring stated that he would render a decision on or before July 31. Earlier in the week the Commission filed an answer to the petition. STATION PROMISES POUR IN “Messages from radio stations, promising complete cooperation with the President’s re-employment drive, poured into the Na¬ tional Recovery Administration in a steady stream throughout the day yesterday,” the NRA officially announced July 28. “Full ad¬ vantage of these offers of help will be taken by the Public Relations Bureau and within a very few days a veritable barrage of radio talks will be on the air.” “In addition to the nation-wide hook-ups, plans are being worked out for a countless number of educational and inspirational talks by local speakers. Enthusiastic affirmative responses have been received from substantially all of the radio stations of the nation. “It is expected that, through promised cooperation of sponsors, many of the most popular of the radio programs will include sketches, songs, addresses and other material designed to give impetus to the Government’s big drive to put men and women back on the payrolls.” WETS AND DRYS UNDER SAME RULES The prohibition question should be argued over the radio by the wets and drys under similar rules and broadcasters should check carefully all political arguments delivered over their stations under the guise of “sermons,” according to James H. Hanley, a member of the Commission. Commissioner Hanley’s statement was made in reply to a letter from Hubert LaDue of Yucaipa, California, who protested that re¬ formers and ministers were delivering “sermons” against repeal of the Eighteenth Amendment while those favoring repeal must have their speeches identified as “This is a political talk; this station is neutral, etc.” “While the situation referred to by Mr. LaDue is not specifically covered by the Radio Law of 1927, as amended, or by regulations of the Commission, it is a matter which is worthy of serious study,” Commissioner Hanley said. “It would seem that in the interest of harmony and good will the licensees of stations would treat alike representatives of both 102 • *