THE MICHIGAN DAILY
Holding Companies Too Lare,
Profes;or Waterman Deelares
Oratorical Association Lecture Course: For the convenience of those
who have not yet obtained season tickets for the 1932-33 lecture course,
an over the counter sale has been opened at Wahr's State Street store. This
sale will continue for a number of days. The opening number is scheduled
for October 29 when Lowell Thomas speaks in Hill Auditorium.
Sports-Women Graduate Students: Archery-Sundays at 9 a. m. at
Yost Field House. Shooting ih Women's Athletic Building if weather is un-
Swimming-Wednesday evenings at 7:30, Barbour Gymnasium.
Golf-M.T.W.Th. at 4 p. m. Palmer Field. Practice in the Women's
Athletic Building if weather is unfavorable.
Tennis-M.T.W.Th. at 4 p. m., Palmer Field.
Tap Dancing-Tuesday evenings at 7:30, Barbour Gymnasium.
Field Hockey, Ann Arbor Club, Palmer Field. Sundays 9 a. m. If
weather is unfavorable, phone 4121, extension 2197.
Bowling-Season will begin during November, the date to be announced
Outing Club-meeting for organization on Friday, October 21 at 7:30
p. m.,at the Women's Athletic Building.
Graduate Students: The Sunday breakfast group will not begin until
the first Su nday in November. Watch for further announcement in the
Prelininary examinations for the Ph.D. in English are to be given in
the following order: Oct. 22, English Literature from 1660-1798. Oct. 29,
English Literature of the Renaissance. Nov. 5, Old English and Medieval
Literature. Nov! 12, History of Criticism. Nov. 19, Linguistics.
Economics 51 and 52: Make-up examinations for those who missed the
fnal examinations ini June in these courses will be given in Room 202 Ec.
(,n Saturday, October 22, at 9 a. mn.
Public holding companies t
are often gigantic. institutions
often larger than any economie
operating and financial manager
can justify," declared Prof. M
Waterman of the School of Bus
Administration in a study for'
Bureau of Business Research.
study was begun in 1925.
Holding Companies Attacked
Holding companies .have been
tacked recently because some ofj
policies have seemed dangerou
the public, but these practices
now proving to be unprofitabl
the utilities themselves from
standpoint of sound manager
and such companies would be
themselves by cleaning housev
out waiting for possible public
tion, states Professor Waterman
Large concerns of the future
not try to grow indefinitely, bel
Professor Waterman, because it
been shown that an efficient g
half-hour at 5:30; supper at
and program at 6:30.
Sphinx luncheon meeting at
noon. Members are requested
Liberal Students Union: C. L.
dell will speak on "Recent G
malian Explorations." U n i t a
Church, 7:30 o'clock Sunday.
Entrants in the ping-pong an+
liards all-campus tournaments;
sored by the Union must registE
fore Saturday, Oct. 22 at 11
Tournament play starts on Mo
arker, Sheaffer, Watetrmz
Co n ., $100 nd u
A large a ice assor
8pab,= a iL
oday of self-supporting companies proper- OS
and ly financed is always better off than LOST-Phi Sigma Sigma pledge pm,
es of great and variegated organizations gold triangle. Seyril Schochen.
ment jwhere complicated security issues are Phone 2-3281. Ext. 345. Reward.
. H. necessary to finance the group, and ------_
iness when sound operating companies are LOST--On October 14--Small. black
th e compelled to give up an excessive leather' bound loose-leaf note book.
The share of their own profits to support Finder please call 23408 62
parent companies, fundamentally - - - -
d sound properties are weakened and LOST-Six keys and oblong ring.
at- security holders lose thereby. ring. Campus or eastern neigh-
their The "bleeding" and mortgaging of borhood. Phone 4638. Mr. Rol-
Ls to strong member concerns to finance linger. 78
are new companies and achieve greater
le to size has been a chief factor in weak- LOST-Large, blue note-book, An-
the ening all, the survey reveals. gell Hall steps, Wed. night. Notify
ment "Profits should be reinvested in John P. Schilla, 330 Maynard.
nefit the subsidiary companies with the 21147. 80
with- object of strengthening the founda- --------- --- - ------
ac- tion of the holding company. struc- LOST-Green Shaeffer eversharp
n-. ture instead of being mortgaged in with name inscribed in gold. Kind-
will advance to pay dividends on the ly return to Jordan Hall. Reward!
lieves stock of an over-expanded "parent" 82
t has company," says Professor Water-LOST-Onyx ring with diamond i
grhun manidpcenter. Probably on T a p p a n
When economic depressions come, Phone 8907. 79
6:00; such a holding company group, rea-_
sonable in size, the report points NOTICE
out, with genuine and not theoretical NOTICE
12:10 management economies, can with- NEW HOME LAUNDRY--Liberty at
to be stand decreased earnings without Maynard. Free mending and darn-
serious distress. Giant groups, how- ing. Collars and cuffs reversed
ever, due to being forced to man- -___
Lun- age both good and bad utility com-
uate- panies, often find themselves in deep Announcing the Reoi
r a in water.
..v er fb
Opening special, 12c a shirt cash
and carry. Dial 8894. 8c
STUDENTS' Laundry by experienced
Laundress. Prices reasonable. Will
call for and deliver. Stockings done
free. Call 116 and ask for 709F13.
WALKER'S Home Laundry-Student
laundry a specialty. Terms very
reasonable. Dial 4776. We call for
and deliver. 7c
WANTED-Student laundry. Good
work at reasonable rates. Mending
free. Called for and delivered. Dial
STUDENT LAUNDRY-Good soft
water.TWill call for and deliver.
Sure satisfaction. Telephone 4863.
W A N T E D-Student and family
washing, rough dry or ironed. Rea-
sonable, call for and deliver. Phone
L A U N D R Y- Soft water, 21044.
Towels free. Socks darned. 13c
WASHING and ironing. Called for
and delivered. Silks and woolens
guaranteed satisfactory . 23478
611 Hoover. 15c
WANTED - Student washing. All
Menliig nealy dolne. Phone 3006.
CLOSE TO CAMPUS--Very nice un-
furnished apartment. Living room
with rollaway bed, dinette, kitchen
with gas stove cnd refrigerator,
private bath and shower, with hot
soft water, bedroom, steam heat
furnished, laundry room in base-
ment. Phone 7704. 426 Packard.
SUITE of two rooms for $5.00, and
single rooms very reasonable.7507
S. Division. '76
FOR SALE-Sweet cider. Paw Paw
grapes and grape juice. Call 9534
or 22413. Wa z -ner Cider Mill. 20
r ..at "'w fi
ANN ARBOR'S ONLY
DOWNTOWN NITE CLUB
invites you to tonight's
Dance to Benson's
Come once-you'll come again
NO COVER CHARGE
Dancing 10:00 to (?) Every
Wed., Fri., Sat. & Sun Nights
liii I Cake
Chinese and American Restaurant
HOME COOKING and GOOD SERVICE
You will be satisfied with our delicious dishes
Bring your friends to dinner with you.
LUNCH 35c DINNER 35c, 40c, 50c
Try our Monday Lunch 25c and 35c
Place: 314 State Street (Above Morrill Statoinery)
411 Engineering Students are cordially invited to attend an inspection
trip of the Research Laboratory of the Chrysler Corporation, Tuesday eve-
iring, October 25. A bus will be chartered by the Student Branch of the
A.S.VLE. Special roundtrip rate secured. Capacity of bus limited. Will
leave Engineering Arch at 6:00 p. m. and return later ,in the evening.
All those expecting to make this trip, please sign list at Bulletin Board
near Professor Anderson's office.
and I 'r- Paio-111t Casi nl
314 S. State St., Ann Arbr.
Comedy Club Business Staff Tryouts: All those interested in working
on the business staff of Comedy Club are asked to report to Ann Verner,
Business Manager Monday, October 24, at 4:10 in the Rehearsal Room of
the Michigan League. Only those with previous business experience need
Cosmopolitan Cluab-: The fall initiation will be held in Lane Hall at
eight o'clock Saturday evening, Oct. 22. Mrs. Frederick B. Fisher will de-
liver the initiatory address. There will be a social program and refresh-
nents. If you signed an application card for membership please try to
appear promptly at eight.
Those Interested in Swimming: The first meeting of the Swimming
Club will be Saturday morning at ten o'clock in the Union Pool. Both the
members of last year and new girls who are interested in the sport either
for instruction and training, or merely for its enjoyment, are invited toI
The Night of
inest Food at
LUNCHEON . . . . 35C
Sta ing Suniday- RA T H ER IN NOVAT ION
A STRING QUINTET is being .idded to the music program
Ann Arbor's Large4t Restaurant
THE STRING ENSEMBLE DANCING TO THE MUSIC
OF THE F RIARS
sunday . ..... ... 12:30 -2:30 Sun day .... ....6:00 -11:00
Mondar Tuesday, Wednesday Friday..6 7::0 anti 9:30 -1:30
and ''hursday ..... .6:00 - 7:15 Sat.. . 6 -7:30 and 9:30 - 12:30
OtUR PRiCES are still lowest in Ann Arbor
consistent with the Food Quality
Andy Clyde comedy
News and Novelties
r 65c =75(
TEA G ARIEN
"SM ILIN' TH ROUGH1
6 South Main
Rhythm Classes for Children: Classes in rhy
be given on Saturday mornings ii Barbour Gym
urday, October 22. Children from
the ages of 4 to 6 will meet at 10:15
and those from the ages of 7 to 10
at 11:00. As these groups will be used
as demonstration classes only a
small fee will be charged.
Student Lutheran Club is having
an "International Night," Sunday
evening, October 23, at Zion Lu-
theran Parish Hall, corner Washing-
ton Street and Fifth Avenue. Certain
foreign students on the campus will
speak about religious and social cus-
toms of their native countries. Social
vthms for children will!
inasium beginning Sat-
_ V ... ,
pl u .,iBiP 99 ///
Sparkling with Health
Did you ever think of that when you raised a glass of Arbor Springs
Water to your lips? Its Health lies in its Purity! Physicians advise
drinking "lots of water" as long as it is pure! Have Arbor Springs
Water on hand at all times in the home or at the office.
We can also supply you with chemically pure distilled water.
ARBOR SPRINGS WATER Co.
416 West Huron Phone 8270
The DAILY has inaugurated this service for the
convenience of the merchants and stewards of
Each week the market section of
the paper will carry lists of unusual values beng
offered by Ann Arbor dealers in foodstuffs.
Jersey Pasteurized Milk
Pasteurizedilk and Cream
WEST SIDE DAIRY
Vanilla and Butterscotch
are all merchants who understand
needs of fraternity and sorority managers and
are all able to offer the high type of service
which is demanded by that type of market. The
Daily recommends that house managers and
stewards pafronize the advertisers in this section
THE MICHIGAN DAILY.
Check the following special; hey will make a big
saving on your budget.
BULK EVAPORATED APRICOTS-Check competive
prices 2 lbs. for 25c
- ~ ~ ~ ~ ~ ~ ~ ~ __ _____-.--. -.------ -I
Holoween Will Soon Be Here!
SERVE THESE INDIVIDUAL MOLDS
Cat . Owl Witch . Pumpkin . Candle Stick Corn in Husk . Brownie
TRY THIS WEEK'S SPECIAL:
SOLVO-A fine closet bowl cleaner
BABO-A saving for your budget
POTATO CHIPS-Made fresh daily
BLACK TEA-Best grade.
per can 15c
2 for 25c
NON ALCOHOLIC BEVERAGES-We carry a complete stock
of all varietes, London dry, Grenadine, Creme De Ceriser,
Creme De Choma, Creme De Menth, etc., at today's low prices.
MEAT-We carry only branded meats of the finest quality
and price them on today's low prices.
ORANGES-Full of juice, selling at a new low price doz. 28c
CAULIFLOWER-Fancy wh-ite heads ...each 9c
Black Raspberry Ice Cream
11Caarhel IC1' e rri Fl
I MP" e 11