Evening Star Newspaper, September 29, 1924, Page 22

HUGE FUEL BILLS Rigid Coal Inspection Means Great Saving—Average Carloads Larger. BY J. € Special Dispatch to The NEW YORK ROY LI, mprising the diet ot the great French race horse, American rivals are not more today than s the | smotives which trains on the The results are | s and hay ¢ ard wnd his railroads. pparent on many 1 of coal and reduction of operat ¥ entr ¢ fuel inspeetion b Thisx orgar zation consists of a general inspect and 1 district Coal operation mines | and | able | Central lines until a fave en turned in by fter a thorough examina its general operati and its loading facilitics. Samples of I coal bought are to arch laborator Albany for of the Great Care in Grading. highest grade fuel to the number amount one p but for its adapt comotives ‘entury Lin n their which When such r tinuous, a rejection of th ine recomn charge e mine req roads in conserva- | e | because coal consumption and cost has been achieved. Up to the end of 1923 consumption of coal in frelght service per thou- and gross ton miles had been re- ed to 79 pounds as compared with 9 pounds in 1920, 95 pounds in and $4.7 in 1922, This represent- saving to the road in 1923 of 305 In passenger service, the saving has been equally as great. It amounted to a reduction to 26.6 pounds per car mile in 1923, as com- pared with 27.2 in 1921 with an aggregate §103,644 The Southern Pacific road claims that since 1920 the railroads, through lower rates, made possible by coal avings, have reduced the day and have lower- of operation $1,852,000 sequent net return $3,000 a day. Wage Bill Lowered. The wage bill of the r showed a reduction in J month for which figures 3 ilroads AT 0. This was due, it is stated, mall number of men required of eficient management rather than to wage reductions. The Southern Pacific rai average carload for the this year to 29.1 half ‘a ton In June the highest per train in the history pany. 4 was reached. only per train con- s hauled, but they pace. The gross train hour, a figure ned by multiplying the load by the speed of the train. showed an increase each month this year over the corresponding month of 1923, ENGINEERS DOING WELL IN BANKING BUSINESS Brotherhood of Locomotive n- s finding it easier all the time raniza- bank in Cleveland it was the first time banking on ko ut the achievements i bank make a strong promoting the new to Le located in up- went ton faster miles per i ong 1o, d which has vears, shows bank, threc growth in busines OIL OUTLOOK BRIGHTER. WORTH re is September exas - plus wh amounts to a small pr s is taken to indicate b ening of the mark near futur train | THE EVENING STAR, WASHINGTON, D. C. ELECTION GREATER FINANCIAL FACTOR With Voting Only Five Weeks Away Many Traders Are Using More Caution. e Ansociated Press. NEW YORK, September 20 —Recent hesitaney in the stock market opera- tions of large traders is gemerally at- tributed to political uncertainties. It is generally recognized that the out- come of the national election, which is now only five weeks away, is bound to play an important part in the determination of securities values because of the wide diversion of views among the leading presidential candidates. Many traders feel that to date political sentiment has not been sufliciently clarified to attempt to discount the result and that ir- regularity in price movements is to be expected until definite indications make their appearance. Other Wall Street Briefs. Improvement in the shoe manufac- turing industry is reflected at plants of Endicott Johnson Corpora- tion, which are reported to be operat- ing at practically full capacity for the first time in several months. About 15,000 workers are on the pay roll. Roads Earnings Slump. August revenues of the Pactfic dropped more than $1.000.000 to $7,631,9 compared with August last year, but net operating income increased about $215,000 to $1, of 1324 operating Bain of §1,940,971. Great Northern's \et Drops. Great Northern's net operating in- for August ed to 1. compared August, 1923, 494, against $11,011 3.723,730 for the D of nearly $10,000,000. Net $9,325.191, however, was held within about $40,000 of the amount 2 year ago. Ingot Production Heavy. Steel ingot production by sidiaries of the United States Steel Corporation averages 80 per cent of capacity, with and 30 open-hearth furnaces in the Youngstown district in operation TREASURY CERTIFICATES. (Quotations furnished by Eedmond & Co.) fell nearly $6,000,000. Net income, however, showed with ght months sub- Decomber Decembe December Business in the Morning, Golf in the Afternoon English Four-Piece Suits g (Jacket, Vest, Trousers, Plus-4 Knickers) I knickers for links imports that we are now show- ing are of cheviots from Scot- [ goli interferes w get a four-piece English golf suit; the trousers for office, the 55 ith business, The new land that were tailored in Eng- Others, $50 and $65 The English Shop, Second floor. land. They are in a beautifully plain model that appeals to the man who wants no kinks in his game. Distinctive patterns that are exclusively English; shades that are pre-eminently correct. THE Oxfords are of smoked elk, tan elk trimmed; with genuine imported natural plantation crepe rubber soles. $10. Men's Shoe Section, Second fioer. the | < revenues for the eight months | P$ §1,- | | Woodward & Lotheop EE . Sce our other advertisements on pages 23 and 28. EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. “EX-DIVIDEND.” Seventy-Sixth Article. A woman wrote me the other day complaining that she had failed to re- ceive the extra dividend due on a cer- tain stock of which she was the hold- er. She explained that in the tables of stock prices on the financial page she had read that her shares were selling “ex-dividend,” but that so far this additional disbursement had failed to arrive. Possibly there ma be other people as ill informed. Of course, what had happened was that her stock was quoted that particular day as selling without the dividend which had been going with the pur- shares on the preceding means minus the divi- dend, not an extra dividend. This Lrings up the important dis- tinction between the methods of trad- ing in stocks and in bonds. The divi- dend on a stock belongs to the pur- aser who buys just before it sells ‘ex.” Generally the market price al- lows for this, declining proportionate- 1y when the dividend comes off the quotation. Ronda, however, sell on entirely different b Purchas- | pay in addition to the quoted | amount of interest accrued since the date of the last coupon. In the same way sellers receive the in- terest accrued up to the date of the sale. It follows that there is no loss of interest in selling bonds betwe coupon paying dates. nor is there any gain from buylng them just before the coupon is due, You may have seen n rs must ure the in the adver- | tisement offering new bond issues that Northern | he price is stated at a certain amount 1 interest.” This is the invaria rule except in the case of bonds in | default, which sell “flat,” as the ex- pression is, and in the case of income bonds. The last named are securities on which payments are contingent upon These scll on the same basis as stocks. (Copsright, 1924, by Consolidated Press.) OIL PRICES CHANGED. SHREV ORT, Smackover, Ark., September 29— heavy crude below 24 gravity has been ineresed 10| cents a barrel by the Standard Oil | Company of Louisiana, making the price cents, while cuts of 10 cents were unnounced in all grades Hemer, Ildorado and Huynesville crud WHOL BIT Pork Off Cent Per Pound. Beef Demand Weak—Light Receipts Reported. Inclemen Jewish hol fe ket the ported no a Pl s understood to be down about | Jobbers wise shure did no week: tresh, und pme for & The commission merchants probably | { had the n long time. mg to on hand, w could not The vegetable follows: Apple Supplies Libes Apples— very weather & | inia, No. | best 4.50 2304400 boxes, no baskets, us variet 30 Cabbage ht: marl nd holida round type Cantaiou mand holiday: m, mon tints of | jumbo mostl ard flats t on Washington's whol i ket this morning. Around certer mar- dealers weakened change i being cents for storage, Western and nearby tho wholesalers Department Tight iight, MON ESALE PRCES LOWER TODAY dews, demand slow; Grapes—Eastern Western light; and holiday stock reported; Flame Tokays, 2.00a no sales Onlons—Supplies and holiday pound sacks vellow os—Supplies mand light; market weather and hollday; b JERTTS New York, I— { 1 mostly t weather coupled with the iday had a depressing ef- ar- 1.66a2.00 Pears—Supplies holiday Bartletts, ales reportied Potatoes—Supplies limited; market dull acc and hoiiday New U-pound sacks Giants, 2.15a ¥ Sweet 1o mand light; In fresh meats ew ok, volume of business condition in pri Pork, for exam- | roducts Irish in d butter in the eggs quie y. I price ov. reported from like- market butter went down @ cent merchants, The range roduct was about 41| Shora rolina Supplies market du Lastern North Celery- light 1 i 4.09a4.50. tibe! t depressing day Ipments were nuil first of the week still had a few products hich were carried over and move. arket_ dull, and holiday. New Yo of Agriculture's| Boston type, 1 1.50. and fruit market report SACRAMENT Nine cities in the ‘ramento Valle 0 worth demand | account Vir- up | Supplies market nd holiday 1. Grimes 5.00; liberal; dull, Barrels, inches 34,000, flls. industrial This setion £4.000,000 at Supplies ket dull New Yo ATLANTA, Automobils cove from their and report 1l models. ¢ are picking up rapidly. . unt ther | bulk, per ton, | de- | and pes account arket fir standarc Most were ; jumbo made market, Colorado, standard crates, supplies supplies moderate; market dull account lifornia, Onion Market Dull light: !light; market dull account weather New York and Ohio, 100- varieties, moderat dull Pennsylvania, ushel baskets Belles, medium size, 25 bushel 2.50; Maryland and ! Virginta, 6s and bushel baskets vari- | ous varieties, small to medium s moderate; light; market dull account weather and 3 bushei Western stock, no liveral; Jersey, U. 8. > Cobbler: tato Reeeiptx Light. oes—Supplies light; dull, count weather and holiday. stave barrels, yellow varieties. No. 1 Virginia, 1.3045 part New York, two- self-blanching, in pplies moderate; demand aceount weather | | LARGE BUILDING PROGRAMS.| ~ptember 29 (Spe- | lethargy osed car sales of the tractors used DAY, SEPTEMBER 29, 1924. dull 1.25a1.50. light; demand weather of Eastern crates COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY ATLANTA, September 23 —Recent developments in the cotton market {have had the effect to encourage farmers to hold their cotton. accord- ing to exccutives of co-operative arketing s. These men y the present level is still their estimates of what the crop will bring. The co- associations, therefore, are demand No. 1,{ ! below present operative holding. de- account baskets | : PITTSBURGH, September 23 the market for semi-finished products prices today range from cents to 31 lower than recent though there is some str products related to railroad re ments. Wire and tin plate mills are operating sligntiy under 60 per cent | of capacity. demand | = unt weather | WASHOUGATI, Wash.. Philadelphia W | here now ure |to finish rush contracts to supply | blankgts for two chains of hotels in the northwest wh nearing ompletion. Some machir be- partly {ing run hours a dav. Cloth-top | — In steel s, demand baskets slen Mills de- | PHILADELPHIA, September 29— record is being claimed here in {unloading of Jumber cargoes. The 1 | steamer Margaret Dollar discharged account | 960,000 feet in less than 24 hours Lumber cargoes from the Pacific | Northwest are rapidly increasing at this port. A the 00; SAN FRANC Higher fur pr result of the Ariectic, Herman ley, land cargoes 000.060 three-qua September are forecast crates Big th over $1.- San Jeaquin | now have al and plements at ors declare September al apples in re- of the better b the Wenatchee tricts so » those of r period of in New United 50 a0 September working a night shift| { PROBE CLAIM TOMATOES | "WERE PACKED IN WATER Special Dispateh 1o The § BALTIMORE, Septe tigation of reports that tomatoes ned at certain factories in the |have been packed in water. in | tion of State food laws. is being | by the bureau of food and dr | the te department of he to the high price of {Year. it was reported ]nerw s violated the re Stat viol Chemical analysis of the will be made and other ey |cured in order to prosecut leged offenders, it was said ing to A. L. Sullivan of the jand drug bureau, canners of adulenating their products w ter are ltable, upon convict | fine of 31,000 product iden SHIPS FOR ORE TRADE | PBALTIMORE. cial).—The and Firmore the hip Company parrows Point for seve being prepared for the Works has been a ¢ the rhips in operatic v one boat cleared for ('F others are expected to 1 | for Cuban or Chilean mine Septe o ore SHORT-TERM SECURITIES o N B |¢ | far ve y Earning Profits for 415,000 Retail Merchants Every merchant has in his store certain goods that rise above mere merchandise and inspire a friendly feeling. They’re goods that are on the move, as the dancing keys of the cash register show. others go, bringing cheer. They’re his trade leaders—goods that pay, year after year. Let us review the story of one. Today it is sold by 415,000 retailers and it brings to these merchants an average gross revenue of $333,000 a day. It is Coca-Cola. Coca-Cola has capitalized thirst—because it delights taste and satisfies thirst. And Coca-Cola represents a merchandising plan that has become a model to the business world. Distribution is provided for quick deliveries of fresh goods, so that retailers may handle Coca-Cola on a small investment and secure maximum turnover. More come as the * * » * » L4 the trade. papers. There are 14 regional Coca-Cola syrup fac- tories, 24 strategic warehouses, 2,360 jobbers with floor stocks and 1,250 Coca-Cola bot- tlers. A Service Section is maintained, composed of highly trained soda dispensers who go behind the fountains of retailers and teach "the regular dispensers the most improved methods of fountain operation. Inaddition, to standardize this beverage, thin, six-ounce ITS DESCRIPTION, * » » Coca-Cola glasses are sold, and in 1923, 3,400,000 of these glasses were delivered to The whole Coca-Cola sales force of more than 300 constantly drives home the point that one ounce of Coca-Cola syrup with five ounces of cold carbonated water makes a perfect Coca-Cola. A distinctive bottle was designed and pat- ented. It is shaped like a tenpin and you can identify it in the dark. This bottle is known to everybody as a sterilized package that has been filled and sealed air-tight without the touch of human hands. Coca-Cola helps its retailers display the goods. Three million pieces of dealer help advertis- ing—signs and decoration for show windows, soda fountains and refreshment stands—are being distributed in 1924. Coca-Cola walls and bulletins. half million 1924 Coca-Cola calendars were given away. Coca-Cola’s message is carried in millions of copies of magazines and news- There are 20,000 Two and a The highest quality possible in a beverage has kept the purity and wholesomeness of Coca-Cola constant for 38 years. Millions “DELICIOUS AND REFRESHING,” i ' This advertisement is No. s telling the story of one of interesting say it has the most wonderful flavor they ever tasted. Thus Coca-Cola earns profits for 415,000 retailers. And no dealer has ever lost a single dollar invested in Coca-Cola through lack of sale. e o of American industries THE COCA-COLA €O, Atlasta, Ga. AS WELL EKNOWN g AS ITS NAME