You Wanted Them-,And They're Here! ]EILM SLATE; SHINGLE S TR. IPS

fTAVORED with more selling points than any similar J produ! on the market, El Rey Slate Shingle Seips are now ready for produ&ion in any quantity the uide demands.

You have three shapes to offer your cufomer...sguare, hexagonal and ocagonal. and four striking colors. Rud, Green, Blue Black- and Tile Red. Dealers are giving.the Tile Red paaicularly warm praise as the livest color now obainable in slate roofing.

Because of thgir lighter weight and lower cost, hexagonal suips are particu. larly suiable for laying over old shingles. And you can point oui that a choice of colors, either single or in combination can be had, whidr will blend harmoniously with any sorr of landscaping or surroundings. The roofing is the finest El Rey Grade, surfaced *'fth "Say-So" ilate imported from Vermont and Virginia.

c(0ite us for samples and pices...and get started on this fast sellingitem at once!

Railroad Expenditures Continue High

Capital expenditures made by the Class I railroads during the first nine months this year for improvements to the trinsportation plant and for the expansion ofits capacity, including improvements in and additions to railway facilities, locomotives and cars, totaled $629,000,000, according to a report submitted by the Bureau of Railway Economics of the American Railway Association at the annual meeting ofthat association. On the basis of capital expenditures made during the first nine months this year, it is estimated that the total capital expenditures for the year will amount to $875,000,000.

This estimate for 1926 compares with actual capital expenditures since 1920 as follows:

GEO. C. BROWhI & co.

Memphie' Tenn.

Largeot Manrf,acturerr of Arometic Rcd Cedar in theWorld

A highly rpccielized product, wbich cortr Do morc than ordinary cloret lining. Madc of Tancrcc Aronetic Rcd Ccdar, eccuratcly rewn; tongucd aad groovcd ard cnd matchcd. Each paclegc bcarr thc Dlrnc, ttBrown'r Supcrcedarrt' !3 your ProtGctiotl egrinrt rubrtitution.

Writc for intcrcrting informetion and dclivcrcd priccr, to our Southcrn California dirtributorr:

E. J. STANTON & SON

Lor Anselcn Calif.

(Est.)

Grand TotaI (7 years) ... .$5,196,658,000

This indicates an approximate aggregate of railway capital expendituies, during the seven yeais since the close of the period of federal control, of nearly $5,20O,000,000,. or about $750,000,000 annually and an annual averag'e during the past four years of $890,000,000.

While the actual expenditures made from January 1 to October 1 this year amounted to $629,000,000, the railu'ay managements during that period have actually authorized capital expenditures amounting to $1,175,000,000. This includes $475,000,000 in unexpended authorizations brought over from 1925.

Capital expenditures for equipment during the first nine months amounted to $27L,023,000, an itrcrease of $15,130,000 over the corresponding period of. 1925.

For locomotives, eipenditures amounted to $72,324,ffi, an increase of approximately $30,000,000 over the same period last year. For freight cars, $143,265,000 were expended, a decrease of $31,107,000 under the year before, while for passenger train cars, $43,403,000 were spent, compared with $29,645,000 the year before.

Capital expenditures for roadway and structures in the nine months period this year amounted to $358,070,00O, an increase of nearly $79,000,(nO, compared with the first nine months last year. Of this amount, $124,084,000 was expended for additional track, an increase of nearly $25,000,000 over 1925, while $29,531,000 went for heavier rails, an increase of $4,5@,000. For additional ballast, $12,059000 was expended in the nine months period this year or $4,000,000 more than in the preceding year. For shops and engine houses, including machinery and tools, capital gxpenrditures amounted to $29,115,000, compared with $22,676,N0 ln L925. All other expenditures amounted to $163,281,000, compared with $123,878,000 during the first nine months of.1925.

Irving Kesterson Visits Bay District

Irving Kesterson, president of the Kesterson Lumber Co., Dorris, was a recent San Francisco visitor, where he spent a few days calling on the lumber trade. He was also a visitor at the offices of the Lumbermen's Reciprocal Association, where he conferred with Pacific Coast Manager E. J. Brockman.

Pat Sublett Returns To The Coast

Pat Sublett is back on the Coast again after spending the past several months at his old home in Oklahoma. He has resumed his old position with the Union Lumber Co. in their San Francisco office, which company he was associated with prior to his leaving for the east.