Evening Star Newspaper, February 21, 1924, Page 5

LIVERMORE SELDOM SEEN ON EXCHANGE Far From Spectacular Figure Most ‘Wall Street Traders Have Been. NEVER MAKES “PLUNGE” All Operations Result From Care- ful Thinking. BY ROBERT T. SMALL. The Star. NEW Y e¢bruary 21—Very few persons in Wall street know Jesse Livermore by more than a name. He never appears on the floor of the stock exchange. Yet his influence over the trading, when he chooses to exert it, is such that stocks rise or tumble at a word reported to como trom his lips. Jesse Livermore is not the spectac- ular figure that other wizards of Wall street have been. He is not a|® he a “gambler” in epted meaning of Livermore would s one of his fi the ¢ is what the street d trader, and he h 1 to beat th v like so many waiting around to follow a i no matter which direction he may take. Can W aw Market. After Je rmorc has “sold” figures he lets it sclling and then e result is a big values, After lLivermore h: ught” the market at low figures he lets it be known that he is buying and then the sheep rall in line and open their purses. The result is a great ri in values, and thus far Livermore been able 1o " the market, beating it known sometimes as e he is only soung for a w all that he does about The dom- tnant men of the bygone days were much older. There were John W. Gates of the million-doilar bets and two plungers who, rc out of the west. men of mature age, attle of the years n. Then. too, re James R. You Won't Be a Stranger | —to COMFORT in cold weather after| we bave noved that obsolete heater | and installed an Electrol Automatic | Oil Burner The Electrol gives vou any desired degree | of heat. day iu and day out—veeds ro jani- tor's atteatiol in_operation—has the avproval of al Board of Fire Un.| derwriters. Ca d see the Electrol in| operation hers Bols Distributors for D. C. aud Vicinity HEATING ENGINEERS Plumbing, Hot-Water and Vapor Heating Plant Installatiors, and Repairs t|own desiznation. | LI wm a speculative fnvestor,” he | clients. No one knows just what in- terests, if any, Livermore represcnts. There was also_Jim Fleke, who met a tragic fate. Fiske was a tremen- dous power, but he gained it largely through the fact that he represented Jay Gould and his crowd. Livermore is a “flash vouth” compared to the old campaigners of other days among the friendly bulls and the rapacious bears of Wall street. Broke Seven Times. Jesso Livermore has hot always been “sitting pretty” in ‘the stock market. He has had his “bumps” He has stated that he has been “broke” seven times in sixteen years. Because he was an office boy in a broker’s office in Boston, Jesse Liver- more as a lad of thireen or four- teen began reading all the financial news he could find. When he first started to “play” the market he took his week's salary, $3, and ran it up to $10,000, only to lofe it again. He borrowed $15 after his first meteoric flight and ran that“up to a figure which he never has revealed. Livermore's ups and downs con- tinued as he operated in Denver and Chicago hefore finaily coming to New York about sixteen years ago. His first spectacular transaction here was i1 “bucking” the cotton market in 917 when prices began to decline. ermore was credited with $5,000,000 in six weeks, el vy It was bad judgment” he said; there 1 was on a falling market Collecting bales and bales of the One of the mysteries of Wall street, Livermorc said recently, was why men should hang onto stocks on a declining market. He was speak- ing. of course, of men who hold ks for speculative purposes. In nying that he is in any sense a ambler,” Mr. Livermore chosc his a result of his disastrous cotton ansactions in 1917 it Is said that Jesse Livermore was $2.000,000 in debt in May of 1915. On sheer merve, it is said, he plunged on United | States Steel and made $3,000.000, zo once more he was ridi e of the wave. HEiheRcreat { ! namely— THE EVENING STAR, WASHINGTON, D. C, THURSDAY, FEBRUARY 21, 1922 LEGION TO VISIT TOMB. George Washington Post Will Lay ‘Wreath at Mount Vernon. The members of George Washington Tost, No. 1, the pioneer post of the American Leglon, will go to Mount Vernon tomorrow and place a wreath on_the tomb of Washington. Post Commander Lew S. Mohler has requested all members of the post to assemble at the station of the Alexandria and Mount Vernon electric line, at 12th street and Pennsylvania’ avenue northwest, to- morrow morning at 11 o'clock and proceed on a special train to Mount Vernon. This is the annual pilgrim- age of the post to the tomb of Wash- ington, after whom the post is named. | AUTO VICTIM ASKS $10,700. L. 1da Tierney has filed suit in the District Supreme Court to recover $10,700 damages from Charles Roy, owner of an automobile which col- lided with her December 20, last. She was crossing North Capitol street at Massachusetts avenue when struck, she states, and received injuries which cost 700. Attorneys Bradley & Costello appear for the plaintiff. Burchell’s Incomparable Bouquet Coffee 30c Lb. The wteadily rising market forces a change In price in order to maintnin our high BURGLAR GETS TROUSERS, BUT MISSES POCKETBOOK Grocer’s Wife Awakens in Time to See Colored Man Scramble Out Window. Mrs. Samuel Cafrits, wife of a gro- cer at 1925 4th street, was awakened at § o'clock this morning by a six- foot colored burglar who was stealing Mr. Cafritz's trousers. The intruder passed out of the win- dow, leaving a hat and some blood i from a cut hand on the lower porch, to which he descended via the rain- spout. The burglar was out of luck, however, for when Mr. Cafritz dis- robed last night he put his pocket-i book on the mantelpiece. It re-! mained after the burglar fled. The trousers were worth about $5. Police today are attempting to identify the intruder by the hat he left. g with "Saiie, "shower il Lava seem, 50 per cent mere. Washington’s Birthday Dinner Friday, 5:30 to 8:00 P. M. Music Phone for Reservations—Main 3140 GRACE DODGE HOTEL North Capitol and E Streets $1.50 per Person (Cumulative and Participating) Tax Exempt The Preferred and Common Stock is ; full paid and non-assessable. Its 1 share of 8%, Cumulative Participating Preferred Stock No Tipping - Real EstateMortgage & Guaranty Gorp. 8% Preferred Stock This offering covers the balance of our first issue, and is procurable on exactly the same basis as was paid by the directors of the Corporation, Par Value, $10.00. .. ... } 3122 1 share of Common Stock, Par Value, $10.00... ... . ..1cceeeecmeconeesces L. E. BREUNINGER President and Gemeral Mesager President., L. ¥. Breuninger & Sons Construction Co. President, Citizens Savings Bank i Saks & Tompany dividends are exempt from the normal Federal Income Tax. The stockholder is also exempt from the intan- gible tax in the District of Columbia. ln the Charter “After the payment of the said pret- erential cumulative dividend of eight per cent (8%) for any fiscal year to the holders of the preferred stock, any further amount declared in dividends for said year shall be paid to the holders of the common THOMAS SOMERVILLE Vice President Tresident, Thomas Somerville Co. President, Park Savings Bank Dircctor,” Metropolitan National Bank HENRY L. BREUNINGER Architect and Builder FRED DREW President, ¥red Drew Company, nc. Director, Citizens Savings Bank Director, Second National Bank T. C. DULIN Secretary and Treasurer, Dulin & Martin Company Director, Federal-American Na- tional Bank FRANK H. EDMONDS Optician Director, Continental Trust Com- Street \ Out Go the Odds and Ends We are going to devote the morning hours— 8 to 1—tomorrow—to a “house-cleaning” —in which we shall make a clean sweep of the rem- nanted lots. You’ll find it a profitable way to spend your holiday morning rummaging through odds and ends—cut to the quick. & Men’s Ciothing— _ 40 Fancy Overcoats—Tan, Brown, Tweeds and Her- 521.50 ringbones—$35 and $37.50 Overcoats .... 115 Fancy Suits—mostly small sizes. 2 and 3-butto: 3. 3 and conservative models. $35 and $40 Suits ... Men’s Furnishings— Third Floor 112 pairs Wool Half Hose—Natural, Black and Gray. c $1 Hose ........ 3 for $1.00 69 Outing Flannel Night Robes; full cut and good weight 95C —sizes 18, 19 and 20 only. $1.75 Robes ........... Seiisnlns 127 White Madras Shirts, with Phillip-Jones wilt-proof 51.00 reversible cuffs. Size 14 only. $2.50 Shirts 119 pairs Ribbed Cotton Drawers; medium weight; sizes 35c 195 Imported Brushed Wool Mufflers; Brown, Gray and 95C Camel; fringed ends. Seseas 147 pairs Pioneer Suspenders—white and plain colors. 45C 20 Boys’ Coat Sweaters — Navy, Maroon and Green; 51.95 broken sizes 8 to 18 years. $6, $7 and $8 Sweaters 15 Men’s Sweaters—sleeveless pull-over models; broken $l.95 sizes. $7 and $8 Sweaters .......... pon 110 pairs Brushed Wool Ribbed Golf Hose; Brown and $l'15 Gray; fancy cuffs. Sizes 1014, 11 and 11',. $2.45 Hose. .. Street Floor 3 [<2 Dressing Robes— 34 Silk and Blanket Robes; broken sizes—$25 and $30 ] - . 3 Price Velvet, Matelasse and Double-faced Cloth; broken ] . 4izs—$1750 1o $25 Coats ... «vrnrsormrerruerroei 3 PFICE Second Floor \ 2 L o Shoes— 200 pairs Men’s High and Low Shoes; Tan, Black and Seventh ) SRTp— ] xE stock to the extent of sixteen per cent (16%) per annum, and should there be any further amount declared in divi- dends the said further amount shall be divided pro rata among the holders of the preferred and common stock, in accordance with their respective holdings.” $345 69¢ Patent—broken sizes .................. . 276 pairs Women’s Low and High Shoes—mostly narrow 47 pairs Women’s Spats; light and dark - Strest Floor pany’ Director, Fidelity Savings Banlk EDWARD C. ERNST Electrical Contractor SOL LANSBURGH President, Lansburgh & Brother ANDREW LOFFLER Pr,esident‘ A. Loffler Provision Co., nc Director, Lincoln National Bank R. L. NEUHAUSER ! Vice President i 9 * Vige President, Citizens Savings A * an MAJ. GEN. ANTON 51250 STEPHAN $5.00 L L T —— Will Pay You $10.00 For Your Old Range Pay Balance Monthly First payment one month after range is delivered. Try this Beautiful Range at my expense. See 1t today or phone Main 2986 for illustrated catalog and prices. C. A. Sheehy 609 6th St. N.W. Main 2986 P fits Probably néver in this country has there been so persistent a demand for capital with which to develop high-class income producing real estate. Asa direct result of this condition, the Real Estate Mortgage & Guaranty Corporation is operating under the most fa- vorable conditions. Economy Floor— 47 Men’s Ulsterettes and Heavy Overcoats; belted models; Brown, Gray and Dark Oxford. Broken sizes 33 to 40. Were $21.75 15 Young Men's Overcoats; form-fitting models and light colors. Sizes 33 and 34. Were $15 Treasurer General Manager, Dulin & Martin Company 5 Commanding General of the Na- tional Guard of District of Columbia, and Commanding General of the 29th Division of the National Guard HAYDEN JOHNSON Donaldson, Johnson & Frailey, At~ torneys The Company began actual business operations about August 1, 1923, and its resources are now $788,786.35, while the surplus, discounts and earnings to January 31, 1924, amount to $101,095.52. : Stock can be purchased for cash Easy Pay ment Planor on the Deferred Payment Plan _ by a20% down payment, the balance being due in twenty monthly " payments. Dividends are paid on all payments made on Preferred Stock, being computed at the rate of 8% per annum from the date of receipt of payments in the office of the Corporation. Director, Mt. Vernon Savings 25 Rain Coats; light and dark colors. Sizes 38 to 44. Trust Officer, Commercial Nation- Were $15 and $20 .. on $5.00 SAMUEL MILLER : { President, Samuel Miller & Com- —_— Sports Dept.— ‘WILLIAM MUEHLEISEN President, Mt. Vernon Savings Broken lots of Hunting Pants. grades ...........eciiiieiaenes S onor HORACE G. SMITHY Vice President and Treasurer, N, Trap-Shooting Jackets; broken lots—$5.50 and $6.50 Grades L. Sansbury Company Director, Citizens Savings Bank Sheepskin-lined Jackets; knitted neck and Wristlets, leather sleeves. $11.75 Jackets MICHAEL A. WELLER President, Weller Comstruction Leather Gun Cases—$15 ones reduced to $8.45—and $8.50 ones reduced to ...... evane ‘Company, Inc. Director, National Capital Banl Hunting Coats—broken Iot $4.75 and $6 grades .o.....c..cmieiconmenneiiioaiiinn Director, National Capital Insur- Fishermen’s Rain Coats—broken lots— .. ... . $385 to $5.75 $9.45 $395 $9.75 5495 $9.75 $5.00 ln‘r:]emt;?mplny of District of Co- DONALD WOODWARD President, Woodward & Lothrop Director, Washington Loan & Trust Company DONALDSON, JOHNSON & FRAILEY Cosnsel Dividends are payable semi-annually in January and July. FIRST DIVIDEND HAS BEEN PAID AS OF DECEMBER 31st, 1923, ON BOTH COMMON AND PREFERRED STOCK. night attacks . of coughing 'TOP the first coughing spell with Dr.Bell'sPine-TarHoney - en sleep returns. Dr. Bell’s contains just the medicines that your own doctor prescribes for coughs—combined with the old- time remedy, pine-tar honey, so soothing to inflamed tissues and For further information phone, write or call<or simply mail coupon. Real &tatc./i/fmwla & Guaranty Gorp. i 1 o . Ko, . 26 Jackson Plage N.W. Washington, D. C. family, - (West Side of Lafayette Square) Main 1403-1404 Anh%:u Be sure to get gensane. DR. BELL’S Pine-Tar Honey —_—— .. Real Estate Mortgage & Guaranty Corp. 26 Jackson Place N.W., Washington, D. C. : 75 Razors—Gillette, Gem, Enders, Please mail me full particulars regard- & i Keen Cautter, etc. _ing your first issue of 8% Cumulative Participating Preferred Stock. Pourth F¥loor