Evening Star Newspaper, January 3, 1925, Page 14

e | REAL HUGE EXHBIT SEN INETY PLARNNG Foreign Countries Included in Program for New York Arts Exposition. represented Archi- on ) al Plan will eat- for | pulation by | and | Foreign Count ESTATE. by the »:;.;' ‘ REALTY MEN PLAN NATIGNAL PROGRAM | | ! i 4 ves of 505 Boards Will Gather in Dallas Jan- uary 13-16. Representat owing ¢ on ed New elected i ers the last e Ye d Walte D W H. | Jack home | ibdividers divie son 8. Col : ige and finance | In Johnson, Chi- agement division, Ontario; | L. Wal: srtance to property re the various divi- e method of rowth now | A | there which the the amount first mort- new indus- growth ; mar- bettered farm ent of ac- ana nt buildin their prob- development of tate real estate is a LUMBER OUTLOOK GOOD. Market View New Rising in as Year Opens. The midhc lumber market berman, Chic both in Coast, are pairs, and pr low level. this per barome at the large sized broken cks an the much strong, ward. The lur entered 1¢ faces the f expectation of ably rising, m quiet in the erican Lum- . is on & nactive at ever, have nd badly | idence in | seeking very constantly up- a word, has & position, and | well founded and firm, prob- active rket REALTORS SHOW GAIN. Resources of Baltimore Group In- crease $5,000,000. BALTIMOR 3.~An ag- Eregate increase ne the last year of more than 00,000 in the re- sources of 0 member associations of the building a ciation section of the Real ¥ ate Board was reported at the nnu; meeting of the section this week. It was stated that with this in- crease the aggregate resources of the group of associations comprising the membership of the section would go over $60,000,000, which is prob- ably over one-half of the total re- sources of the §80 or 800 assoclations S Baltimore January d e | against | mentioned . Work has already hegun on a new ten ve| ed at the southeast corner of Seventeenth and Eye streets. The structure { Will he a professional building. The Wardman Construction Co., and William | A. Hill are concerncd in the deal. Babson Declar Events of BY ROGER W. LY v 3—What was t development of 1 BABSON, 3. most significa o far as busi- oncerned? It was the re- the farmer and the effect t - ry may have on business year 1924 marked a nge in the position of the Amer- . As we enter 1 than he has been 1919. Two main ibuted to this impro First and foremost has been rapid and substantial recovery the price that he receives fqr his products, and, second, the trend of those non-agricultural commodities which he buvs has been downward Grain Growers Profit. The vear's corn crop totaled 2,436,- 000.000" busk a decided decr the 1 crop, and it is also ihstantially under the average out- put. However, the tremendous jump in prices, which amounted to over 50 per cent from the low of this year more than offsets the decline in pro- duc d as a result this yvear's crop timated to be worth 8 per cent more than last year, respective valuation figures being $2,405,468,000 nd $2.217,229,000. The wheat crop was not only sub- stantially greater in volume than the 1923 crop, but the price that the farmer received was 41 per cent Hence, it is estimated that 's wheat crop Is worth 54 more than last vear, or $1,- last year's farm ime off t since have cc t ted at 36 per last vear, or about $739, approximately $541, last year. Cotton Returns Favorable. Prices of cotton to the farmer, as compared to last year, have dropped about 30 per cent. However, the yleld is placed at 13,153,000 bales, against last year's vield of 10,140,000 bales. Hence, much of the substantial price decline has been counteracted, and he will probably receive close to $1,- 487,000,000 for his crop, against $1,571,815,000 for last year. This year's potato crop is a record for all times, exceeding that of 1923 y 39,000,000 bushels. Potato prices are 17 per cent under last vear, but the substantial increase in yleld hould allow the farmer to receive close to $295,000,000, against $325,- 000,000, the value of his 1923 crop. Changes in Values in 1924. The changes in the 1924 farm values of other important crops, as compared to the 1923 values, are as follows: 1923 1924 038,000 $13 150,000 096,000 000 2 11000 611, 1 1,808,220,000 1,467,648,000 A brief calculation of the above figures immediately emphasizes the grounds for optimism In the farm situation. The farmer will receive over $700,000,000 more for his 1924 crops than he did for last vear's. As earlier, the farmer has benefited by larger crops and higher prices, but he has also benefited from another angle—that arley ... £107. Rarley ... D Hay . not only LATEST OFFICE BUILDING STARTED Agricultural Recovery and Effect on Business Most Vital decided THE EVENING STAR, WASHINGTON, D. C, SATURDAY, JANUARY 3, 1925. ry office building. to be erect- Past Year. |recovery of the farmer. the readjust prices and the narrowl e scale. All of them mean | in in the mar-| and the in- farmer is as with both mone clination to spend it Drastic Price Decline. A return implies absence and to get the full significance of this de- velopment must understand just | where the farmer has been and why |he has been there. In 1913 things were supposed to have been in a reasonable balance. We may assume that the farmer was then recelving $1 for his crops, $1 for his live stock and that he was paying $1 for the industrial commodities that he need- ed. Under these circumstances trade | may go on freely and every one may keep busy. By 1920 we find that| things have changed. The farmer is now recelving $3 for his crops, an | increase in income of 200 per cent, ving $2.50, or an increase per cent, for the things that he must buy. Money flowed freely The following year the most drastic | ice decline In history broke in upon is generally pleasant scene. rm prices tobogganed until the farmer was again receiving $1 for his crop. Tndustrial prices also came In for re- adjustment, but they did not suffer so seriously, and the close of the vear found commodity prices at $1.50. Thus the farmer had but $1, and the things he wanted were priced at $1.50. No sale! Purchasing Power Lower. In 1923 the situation was somewhat better, but still the farmers’ Income from his crops was only $1.40, while the things he needs in the industrial world cost $1.75. The year 1924, how- ever. has seen the readjustment com- pleted. Farm prices for crops have risen to $1.58 and industrial prices have receded to $1 The farmer is agaln in the market for the first time since 1920. He has almost a billion dollars more than he had last year, in cash, and the accumulated needs of three lean years clamor to be filled. _ This balancing of income and outgo is vitally important to the farmer and to those who do business with him directly, but it is also of unusual importance to every one in the United States regardless of occupation or financial position. First, the farmer Is a primary producer. Money in his hands works its way through our whole commercial fabric. More im- portant than this is the fact that the farmer represents fully 30 per cent of our total market, and it is Impossible to have a perfod of real prosperity unless all groups are relatively pros- perous and are buying activel Year's Most Vital Event. The spurt In business which started In the Fall of 1922 and ran over into 1923 was doomed for this reason: With but 70 per cent of the probpects buy- ing, the factorles fllled all the orders and soon got ahead of themselves, The return of the son of the soil to our markets, therefore, deserves first position as the most Important and significant development of 1924. Gen- eral business as reflected by the Bab- son chart is now slightly above nor- mal. We may or may not see con- tinuous and growing prosperity this | year, but at least one of the neces- |sary’ conditions for such prosperity has been fulfilled. is, those commodities which he has to buy, namely, industrial commodi- ties, have tended downward, so that the ratio of the farm dollar to the industrial dollar is today higher than it has been for any time since 1919. This particular occurrence has been referred to variously as the re- turn_of farm purchasing power, the (Vacant) Southern exposure, near Connecticut Ave., corner of an alley, brick construc- tion pebble-dashed; 8 large well lighted rooms, all modern improvements; house in excellent condi- tion, wide frontage 4834 ft. Price $22,500 Thomas J. Fisher & Co. Inc. 738 15th St. N.W. Main 6830 UR story leaves no room for doubt. You will be convinced as 3 to the quality of our product and agreeably surprised at the reason- ableness of our prices. Hear this story today! “Buy Here—Save Money” Yost & Herrell, Inc. Lumber and Miliwork 11th and O Sts. S.E. Lincoln 1216 REVEALS TRAGEDY M. C. Cooper Tells of Unshod Thousands Living in Cold Persian Ranges. Fifty thousand men, women and children walking barefooted in the snow for days, climbing over a 12,000~ foot mountain range, and taking with them flocks and herds numbering half a million—such is the almost unbellevable story of the semi-an- nual migrations of the Bakhtiarl, Perslan nomads, shown In motion pictures last night by Merian C. Cooper in an address before members of the Natlonal Geographic Soclety at _the New Masonic Temple. These tragic ordeals, which always result In heavy losses among the animals and not infrequent deaths among the tribesmen, are made necessary by the fact that grass doos not last the year round either south or north of the Bakhtiari Mountains of southern Persia. But when it is oxhausted on one side of the range it is avaflablg .on the other. Hunger therefore drives the people and their animals back and forth across the almost impassable helghts Mr. Cooper and Ernest B. Schoe- dack, a photographer, were the first men not of the tribe to make a migration with the Bakhtlari. Their photographs show the country to be as rugged as the Canadian Rockies and recoerd remarkable views of thousands of animals swimming through swirling pids In ice-cold rivers, scaling almost sheer ecliffs, traversing narrow mountain ledges and zig-zagging for miles over ngly endless snow fields. Men Swim Streams, In rivers in| tribesmen children over crossing the large their path the migrating ferry the women and on rafts buoyed up on Inflated skins. The men and youths with the aid of goatskin water- wings, keeping among the swimming animals and helping those in diffic ties. The goats alone of the animals are unable to swim and are piled like cord wood on rafts held up by the skins of their fellows. Small colts, donkeys, calves and lambs are also ferried over the streams. The khans or rulers of the Bakhtla. ri live like medieval princes, cording to Mr. Cooper, dwelling in laborately appointed temts in the south and in veritable castles in the north. They are practically inde- pendent of the Persian government. CERTAIN U. S. WILL GIVE ISLE OF PINES TO CUBA Cuban Ambassador Predicts Rati- fication of Hay-Quesada Treaty. Praises Relations. swim By the Assoclated Press. HAVANA, January 3.—Confidence that the United States Senate will ratify the Hay-Quesada treaty, which acknowl- edges the Isle of Pines to be Cuban ter- ritory, was expressed yesterday by Dr. Cosme de la Torriente, Cuban Ambas- sador to the United States, during a con- ference with representatives of the prin- cipal Havana newspapers. Dr. de la Torriente explained the situ- ation in detail, and said it was his chief desire to prevent unwarranted attacks by the newspapers on the United States in connection with the Isle of Pines situation. Such attacks, the Ambassa- dor deciared, served no good purpose. Relations ' between Cuba and the United States, according to Dr. de la Torriente, never were better. He ex- pects to return to Washington in time to be present when the Senate takes up discussion of the lsle of Pines treaty, which he sald would be about the middle of January. WILL SAIL AROUND WORLD Albert Y. Gowen Having Schooner Built for Purpose. ‘W YORK, January 3.—Albert Y. en of Cleveland, member of the New York Yacht Club, who cruised around the world three years ago In the power yacht Speejax, is having a large schooner built in which he ex- pects to make the same sort of a voyage, it was learned last night. The schooner which will be & two- and 95 feet on the waterline, also will be named Speejax. The yacht was designed by Willlam H. Hand, jr., of New Bedford, and {s under con- struction at Neponset, Mass. The new Speejax is a roomy ves- sel of 26 feet beam, of the modified fisherman type, and is designed to make excellent speed under sail. $300,000,000 for Paint. people of the United States made an outlay of $300,000,000 for paints last year, according to a recent investigation. This represents a considerable increase over the previous year. The There Is a Good Home 1353 Kennedy St. N.W. For $12,750 Only 3 Left Of a Group of New Chevy Chase Homes Through the Courtesy of W. B. Moses & Sons, You May See a Sample House Completely and Daintily Furnished. Drive out Connecticut Ave. o Harrison St., west to 42d and north to Jenifer St. The Lowest Priced Detached Homes in Chevy Chase Open Tomorrow $10,500 On Convenient Terms Start the New Year in Your Own Home 2 McKeever & Goss % Realtors Z 1415 K St. M. 4752 OF NOMADIC TRIBE gout- | masted vessel 126 feet long over all|| Builder Utilizes X-Ray to Locate Pipes in Building Recently in Schenectady, N. Y., a very interesting example of a new use for the X-ray in buillding work shown when a contractor located n pipes and timbers within the floor of a particular building by using X-ray apparatus. The structure wi not disturbed. An operator was placed on one floor and an observer on the floor above. The observer ex- amined the floor with a fluorescent screen. The entire apparatus, which is portable, connects with an ordi- nary light socket and only weighs approximately 20 pounds. Dr. W, D. Coolidge of the General Electric Co. Is responsible for this new apparatus being developed. DES MOINES BANKS PLEDGED FULL AID “Unlimited Funds” Ready for All Endangered by Runs, Following Wednesday's Closings. DES MOINES, Towa. January 3— Clearing house banks of Des Moines yesterday agraed to stand behind any unsettled conditions resulting from the closing of two banks Wednesday. An “unlimited amount of oAt was sald, will be made available for banks experiencing heavy with- drawals The action had scarcely been taken vesterduy afternoon when one of the smaller banks enlisted the aid of the clearing house assoclation and the officers of that organization went to the bank to reassure the line of de- Positors that there was no cause for {alarm. The run was terminated Prominent bankers agreed that the | stabllity of all the banks was un- questioned and although withdrawals | started Wednesday were reported large during the day, the anxiety of depositors was described as abating. OPPOSES CANADIANS EMIGRATION INTO U. S. Veterans’ Official Says American Magazines Are Full of Propaganda. Ry the Associated Press. OTTAWA, Ontario, January { American magazines and moving p tures contain propaganda to induce Canadlans, and especially voung péople, to emigrate to the United States, was the charge made by C. G MacNeil, Dominion secretary of th Great War Veterans' Assoclation, at a dinner here last night The exodus of population from Can- ada to the United States vear by year is a serious menace to the future economic and political prosperity of the Dominion, and should be met by herolc measures on the part of the government, Mr. Mac- Neil maintained. He sald there are now 100,000 ex- service men and pensioners on the pen- sion lists of Canada residing in the United States. 32— - Ajaccio owes it to the capital of Corsica. It was in 1811 that “the great Corsic: bestowed the honor upon the town in recognition of the fact that it was hie birthplace. apoleon that it is bank now doing business here which | experiencds a run growing out of the | ATTACK SYSTEM . OF BANK CREDITS Berlin Papers Claim Ordinary Rules of Precedence Are Not Followed. By the Associated Press. BERLIN, January 3.—Now that the Ktate's attorney has gathered in almost a score of men suspected of having obtained unlimited credit from the Prussian State Bank on questionable collateral, the news- papers are turning their attention to the official bank's system of extend- ing oredits and a anding to know how a dozen war and post-war profiteers and industrial operators succeeded In duping the bank's di- rectors over a period of several years, No specific eriminal charges have been lodged against Julius, Salomon and Henry Barmat, three brothers interested in a wealthy trust con- cern with headquarters in Amster- dam and having branches in numer- ous towns in Germany. They and the other persons under arrest are being detained, merely for investi- gation. Charge Slow Assets. The only culprits thus far appear | to he bank officials, who are charged with violating the common laws of financial prudence by extending ac- commodations which were not cov- ered by quick assets. The Prussian State ank is subordinate to the Prussian ministry of finance, of which Dr. von Richter, leader of the German Peoples’ Party, is chief. Dr. von Richter admits laxity in the bank's procedure. He charges that the men who borrowed unlimited sums were convenlently accommo- dated by officials, who subsequently were given remunerative jobs by the borrower. 1} Whether Prussia’s “Panama | dal” will have political ramifications depends on the state attorney's fur- ther investigations of the relations { maintained between the Barmat brothers and well known former g ernment leaderk, among whom veral scan- We control one of the most beautiful estates in Virginia. 700-Acre | Virginia Estate Near Virginia Hot Springs and the new National Park, on the great Lee Highway. The improvements are in every way high class, but the real value is in the land. For sale or exchange. Priced reasonably. W. H. West Co. Real Estate 916 15th St. Main 9900 1024 7th Reasonable Rent 925 15th Street N.W. Downtown Business Property FOR RENT Excellent Location for Most Any Mercantile Business B. F. SAUL CO. St.N.W. Long Lease Main 2100 4 New Rows to be appreciated. Take the 14th street car to Decatur street. or phone Main 617 for OVERLOOKING SAUL’S ADDITION Over 200 Sold Ready for Occupancy Absolutely the Best Buy in the City *8,750 to 9,950 Many unusual features that must be seen Exhibit Homes 4825 ILLINOIS AVE. 835 DECATUR ST. SELLING FAST To Inspect. or the Georgia avenue Walk east to property, free auto service. MORRIS CAFRITZ GO #| REALTORS—Owners and Builders 14th and K Sts. Main 617 REAL ESTATE. prominent Soclalists are being men- tioned A dispatch from Berlin December 29 sald the discovery that the capital and reserves of the Prussian State Bank, totaling 13,000,000 marks, were ex- ceeded by its labilities had led 1o the arrest of Fritz Ruehe, the head rector, on a charge of “continued in. fidelity, resulting In the bank's loss of 15,000,000 marks."” The arrest of Ruehe was the cf max of a series of sensational d closures regarding alluged doubtful operations by the ancient state insti- tution Rumors of irre the bank assumed definjte shape when Ivan Kutisker, a Russian post-war financier, confessed receiving cr. dits of 15,000,000 marks from the bank without giving proper security ities in DEFENDS STOCK DEALS. Counsel for Former Chain Store Head Presents Case. MEMPHIS, Tenn., Janua | sumption of hearings in the Clarence ,Saunders Piggly Wiggly Corporatien litigation began yesterday in United {State District Court, with Judge Smith | Hickenlooper of Cincinnati_on_the | bench in place of Judge J. W. Re who recused himself. Most of the hearing was spent in argument by Saunders' counsel over the legality of Saunders’ marginal stock operations in 1922 and his au- thority to act for the corporation. You Are Invited To observe in detail and superb appointments of this mag- nificent residence, 711 16 Wenger Brothers, builders of this residential masterpiece, have been important factors in mak- ing 16th street one of the most beautiful thorough- fares in the world. Garage. Inspect Sunday, Open Day and Evening. Exclusive Agents That there is no substitute for quality is the basic principle of the Wenger Idea Large rooms, luxurious baths, Spacious sleeping porches, Beautiful gardens, Servants’ compartments, the satisfying beauty th Street (Heated) 1416 EYE ST. RLRRLERRtRALR AR RRLR AL “A SHADE BETTER" Home Owners Buil Architects 95 Per Cent —of all the buildings erected in the Dis- trict of Columbia during the past year were equipped with window shades made Flade Shop— by The S Dupont Waterproof —was used exclusively in the manufac- ture of these thousands of shades, and to prove that we make them right, we have yet to record a complaint due to unsatisfactory workmanship. As a matter of fact for the past five (5) years The Shade Shop has installed the window shades cent of all buildings erected in Wash- ington. 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