Evening Star Newspaper, April 26, 1925, Page 33

- RAILROAD MERGER QUERES PRESSED Nickel Plate President Ques- tioned on Probable Effect i on Coal Traffic. The Interstate Commerce Commis- ston took up the examination of Presi- nt John J. Bernet of the Nickel e Railroad yesterday in its own f counsel fer groups protesting the Van gen consolida had ¢ d their cross: amination Director Mahaffie of the commis- sion’s finance ion presented a f inquiries dealing with a num- ¢ aspects of the proposal, which would merge the Nickel Plate, Erie, Pere Marquette, Chesapeake and Ohio nd Hocking Valley. Mr. Mahaffie inquired in particular as to what the operation of the merged railroads could do in the relief of con- gestion at Cincinnati. Traffic in Cincinnati. not the present traffic through nati that we hope to reduce, Bernet said. “It is rather that we onsider the Chesapeake and Ohio coal traflic is sure to increase in the next few vears, and that the difficulties of moving it through Cincinnati will be come very serious. ‘With the unified operation of all the roads concerned in the Nickel Plate merger we believe we can di- Yert much of the increase over the Erie to Chicago.’ The witness. agreed that participa- tion and interest of stockholders in railroad management was a good talng for a .raflroad and was in the public interest. “Then why in the organization of the new Nickel Plate company are the preferred stockholders given no right to vote in annual meetings of the eorporation?” Mr. Mahaffie asked. “That is not an unusual provision,” Mr. Bernet replied, “when holders of that class of stock are given a pref- erence over the common stock in the matter of earnings.” FILMS’ POPULARITY IN ITALY GROWING Moving Picture Sweeping Coun- try—30 Houses in Rome Al- f ways Well Filled. se Ci N Porrespondence of the Assoctated Pre ROME, March 29.—Serious students ®f the drama in the United States who occasionally complain loudly of the growing ascendancy of the mov- ing picture, and point to the sub- ordination of the stage to the silver- sheet as an indication of America's provinciality and uncouthness in matters of art, have no Itallan brethren in arms, to check the growth of popularity in Italy of all moving pictures, and especially those from the United States. The fact is that, while there are few people here who consider the cinema a form of art, the moving picture is carrying everything before it and is rapidly becoming the favor- ite form of amusement of a large section of the population of the big- ger Ttallan cities. Rome, for example, with & popula- tlon under 1,000,000 and burdened by ‘welghty conventions and traditions of dignified rejection of modern fads, already has about 30 movie houses, many of them quite large and all usually filled to the doors. And sev- eral weeks ago the Supercinema, seating 3,500 persons, was added to the list. Shows Best Pictures. This house, like several other large ones, shows the best American, Ger- man, French and English moving pictures. It is said to be the largest in Europe and it certainly is one of the most beautiful, its builders hav- Ang apparently been unburdened by the convention of mere ornateness which prevails in many parts of the United States. And the moving picture has brought Wwith it advertising on an American scale to support the already strong tendency toward Americanization felt in many walks of Roman life. The billboards are plastered with huge posters, and the newspapers filled with display advertising to boost the films. The radlo is coming slowly but Surely into its own in popular favor. in the city of the Popes, cross-word puzzle sailing. but the is having clear WINS SEWING PRIZE. British Wife Held World’s Best With Needle, Correspondence of the Associated Prass. HORHAM, Sussex, England, April 10.—Mrs. Mary Tyndall of Newhouse Farm, Rudgwick, near here, has been Judged the world's best needlewom- an. " In an Farmer's international contest at the Roval School of Art Needlework, at South Kensington, a cushion cover in monochrome done by Mrs. Tyndall was declared to be the ~best piece of embroidery submittea, and she was awarded the gold cham. plonship medal as the world's best needlewoman MOTOR REPLACING STEAM. Change in Shipping Power Fore- cast by Builders. Porrespondence of the Associated Press. ¥ April 7.—A blg “sea "'—steamships to motor-ships— is predicted in the unnual report. of Harland & Wolffs, the big shipbuild- ing firm The company, which has 13 motor- ships under construction, inciuding three liners of over 20,000 tons, re. ports that, judging from present dications, “the motorship will super- sede the steamship in much the same way as in the course of the last cen- tury the steamship superseded the pailing ship.” AUSTRIAN needlework ARMY MORBID. Authorities Seek Measure to Stop Suicides in Ranks. ELorrespondence of the Associated Press. VIENNA, April 5.—Thirty-two sui- cides in 1924 and eight since the be- Zinning of the year among soldiers of the Austrian army have caused the adoption of measures designed to end the growing morbidness in the ranks. Investigation and farewell letters, gays the Arbeiterzeitung, show that the men take their lives because they are systematically harassed and gibed at for their republican opinions by officers who are of monarchistic tradi- tions. —— Claiborne in Monroe County, Ala- pama, has just celebrated the centen- jal, of Lafayette's visit, Jazz just manages to stumble along | in- | |Sterling Reaches | New High Mark In March to Par By the Associated Press. NEW YORK, April 25—Antici- pating Great Britain's early re- turn to the gold standard, sterling exchange continued its march to- ward parity teday, reaching a new post-war hign price of Y4.81%, less than 5 cents below its nor- mal value. The growing belief that Chan- cellor of the Exchequer Winston Churchill will make a formal an- nouncement of the gold resump- tion policy to Parliament next Tuesday stimulated speculative buying of sterling bills, which ac- counted for much of the day's ad- vance of about a cent. Considerable liquidation of these accounts Is expected to follow the currency's restoration to a gold parity basis at $4.868, but indi- cations are that the British treas- ury will have the support of fed- eral reserve purchases and Amer- ican banking credits to maintain the rate around this level. . COMPETITION FEAR CAUSES BIG BREAKS Foreign Outlook Brings Tumble in Three Issues Carried on Stock Exchange. By the Associated Press NEW YORK. April 25 —Fear of foreign competition was the chief cause of three of the most violent de- clines in the stock market this week. United States Cast Iron Pipe, which sold as high as 250 a few months ago, broke to 131% on reports that the re- cent falling off in earning was due to the competition of French pipe manu- facturers, who have been successful bidders on some recent contracts in this country. Commercia] Solvents A and B, which attained new high prices for the year at 190 and 189, respective- v, sold as low as 90 and 85 on Satur- day on selling inspired by reports of serious German competition in the production of butanol, one of the com- pany's chief products. Stock market observers pointed out that the chief effect of this competi- tion was not the loss of business, as American manufacturers, aided by the tariff and improved production facili- ties generally, could undersell their foreign competitors, but a reduction in earnings through the necessity of lowering prices in order to meet this competition, COTTON IS ERRATIC. Market Closes Saturdey With Prices Same as at Opening. NEW YORK, April 25.—An opening decline on reports of additional rains in the Southwest was followed by ral- lies in the cotton market today. July 501d up from 24.46 to 24.65, or 9 points net higher, but lost its gain under re- newed liquidation in late trading and closed at 24.55. The general market closed steady, net 4 points lower to 5 points higher, near months being rela- tively easy. BALTIMORE PRODUCE. BALTIMORE, Md., April 25 (Spe- cial).—The local egg market has ruled steady all week in sympathy with other leading markets and a fairly active consumptive demand. While receipts have been running liberal, the packers are taking hold more freely and all desirable stock has cleaned up from day to day. Prices show only a slight decline from the opening on Monday and closed today at 27% and 28 a dozen for firsts in free cases. As there is hardly any accumulation to carry over, the market should con- tinue steady the first part of the week, but regular shipments are advisable, as at this time of the year it is a day- to-day market and conditions may change over night. There is very little life to the demand for duck eggs and the market rules easy and a shade lower at 30 a dozen. The general live poultry market rules steady to firm under a good and constant demand for large, smooth fowl of all kinds, except ducks, which are in ample supply for the demand. Mixed Spring chickens, 1% pounds and over, will bring 55 to 80 a pound and smaller, 50 to 54; large Leghorns sell mostly 50 to 52, and 45 to 48 for smaller. Winter chickens, 2% pounds and under, in good demand and meet with ready sale at 45 to 50. Large, smooth young chickens continue ac- tive at 35 to 38, while even rough, poor stags bring 25 to 27. Old hens | have been in lighter receipt the past week and with a fairly active demand the market holds steady at 29 to 32 for medium to large and 25 and 26 for small and Leghorns. Old roosters in better demand at 17 and 18. Most of the ducks arriving show effects of the laying season and de- mand is easlly satisfied at 22 to 25 for stock weighing 4 pounds and over and 18 to 20 for small and poor. Guinea fowl and pigeons in light re- ceipt and wanted at 90 to 1.00 each for large, young, and 50 to 60 each for old of the former and 50 & pair for both young and old of the latter. Seasonable native and nearby vege- tables such as asparagus, beans, cab- bage. kale, spinach, Spring onions, radishes and rhubarb in more liberal receipts, but good demand prevails and all stock showing good quality meets with ready sale at the follow- ing quotations: Asparagus, 3.60 to 5.00 a dozen for No. 1 and 2.00 and 3.00 for No. 2: beans, 1.00 and 2.00 bushel; cabbage, 1.25 to 2.00 crate; kale, 25 to 40 bushel; onions, 3.00 and 3.50 per 100 pounds; Spring onions, 1.00 to 1.25 per 100; radishes and rhubarb, 2.00 and 3.00 per 100, and spinach, 50 to 75 bushel. BALTIMORE LIVE STOCK: BALTIMORE, Md., April 25 (Spe- clal).—Under very light receipts on the wharves and only fair at the stock yards the general live cattle market rules steady on most lines, except calves, which are easy and prices a shade lower. Demand only fair and centered entirely- on top grade cattle with all under grades moving slow at the lower values. Quotations today at Light Street Wharf: ‘Beef cattle, first quality, pound, 9 to 10; medium, 5 to 8; bulls, as to quality, 3 to 5; cows, choice to fancy, 4 to 6; common to fair, 2 to 3; oxen, as to quality, 4 to 6; milk cows, choice to fancy, per head, 50.00 to 75.00; com- mon to fair, 30.00a50.00; calves, veal, choice, pound, 10 to 103%; ordinary to medium, 8! to 9%; rough and com- mon, 6 to 8; small culls, 6 to 8; sheep, choice, 7; old bucks, 5 to 6; common, 3 to 4. Lambs, Fall, choice, 15 to 16; fair to { good, 12 to 14; common, thin, 9 to 10; Spring, as to size and quality, 18 to 20. - Hogs, straight, 12 to 123;; sows, 8 to 10; stags and boars, 5 to 6; live pigs, 14 to 15; shoats, 10 to 12. PAIGE PROFITS DROP. NEW YORK, April 25.—The state- ment of the Paige Detroit Motor Co. for 1924, including profits on branch operations, shows net of .$1,688,085, equal after preferred dividends to $2.37 a share on the common. This compares with $3,002,824 or $4.60 a I} |Ishare in 1923, THE SUNDAY STAR, WASHINGTON, D. The Year 1925 to Date on the Washington Stock Exchange._ Furnished by W. Up to and including BONDS. 0—C. & P. Telephone 1st bs. 20,000—C. & P. Tel, of Va. 6s. 73,000—Capital Traction 1st 5 31,000—City & Suburban Ry. 1st bs. 18,000—Georgetown Gas, Lt. 1st bs. 22,000—Pot Elec Poweur 1st bs. 51,000—Fot. Eloc Power Cons. 58 B. Hibbs & Co. Saturday, April 25. sessses: 12,800—Pot. Elec. Power Gen. & Ref. 65. 17,700—Pot. Elec. Power Ref. 7s 6,000—Wash., Balto. & Anna. 1st 6 62,000—Wash. Gas Light Ge 81,200—Wash. Gas Light 6s. 207,000—Wash. Ry. & Elec. Cons. 2,000—Dist. of Col. Paper Mfg. 4,700—Riggs Realty (long) 6s. 500—Southern Bldg. Co. 6145, 5,500—Wardman Park Hotel 6s. STOCKS 4,435—Capital Traction 2,397—Washington Gas . J 3.447—Wash. Ry. & Elec. com. 2,682—Wash. Ry. & Elec. pfd 130—Commercial 1—District ... 3 660—Riggs 80—Second 260—Washington . 157—Amer. Security & Trust. 149—Continental Trust ..... 370—Merchants Bank & Trust 13—National Savings & Trust. 42—Union Trust ...:. 60—Washington Loan & 407—Firemen’s Insurance... 451—Columbia Title Insurance. 16—Real Estate Title Insurance 2,960—Lanston Monotype 82 Mergenthaler Lino 14,765—National 2- N. & W, eamboat 1—Security Storage... 30—Washington Market e . itg. & Inv. Pfd UNLISTED DEPARTMENT. 27—Chapin-Sacks 8s pfd. 4—Chapin-Sacks Ts pfd 5—Chapin-Sacks com.. 400—Citizens’ Savings Bank. 43—Departmental Bank 12—District Title Insura 12—Munsey Trust... 50—Washington Base Ba : 14—Washington Title Insurance. BONDS. $100—Army and Navy Club 5s. CURB STOCK STEADY. Price Changes Narrow, But Market Displays Strength. NEW YORK, April 25—Market operations on, the curb exchange to- day proceeded in a somewhat halting manner, and while price variations were comparatively narrow the tone gave evidence of underlying strength and resistance to selling pressure. Several {ssues that held prominence in Friday's late trading recorded only occasional sales. Victor Talking Ma- | chine opened up 2 points, selling at and Amerfcan Light and Traction opened with a like gain, but lost this | improvement on a following reaction. | United Light and Power was in de- mand, moving up 134 points to 49. = RAIL EARNINGS JUMP. NEW YORK, April 25.—The pro- gressive earning power of the St. Louts-San Francisco Railway In Jan: ary, February and March, usually three of the poorest months of the year for this system, has caught Wall Street's attention. Surplus after all charges amounting to $1,343352 was an increase of $526,307 or 64.4 per cent over the corresponding period last | year. FLOUR PRICES STEADY. MINNEAPOLIS, April 25.—Flour, unchanged. Shipments, 31,008 barrels; bran, 24.00; wheat, No. 1, Northern, 1.42%a1.44%; May, 1.40%: July, 1.41%; corn, No. 3, yellow, 99a1.01; barley, 67a84; flax, No. 1, 2.74a2.76. CLOTH PRICES DECLINE. NEW YORK, April 25 (Special).— | Cotton cloth prices declined a little | today in a very quiet market. Print cloth quotations were off 1 cent at 9% for 64x60s and 11% for 68x72s. Raw silks closed the week unchanged to a nickel higher on fair trading. RATES ON BAR SILVER. NEW YORK, April 25.—Bar silver, 665 ; Mexican doilars, 51% f and baby well and happy CONSTI MONEY FACTORS NOTED. Cash Supplies and Fewer Brokers’ Loanse Aid Easy Rates. NEW YORK, April 25—One of the reasons advanced in the financial dl trict for the present easy rates of money is the excess cash possessed by so many corporations, which has enabled them to reduce bank borrow- ings. Smaller demand by brokers due to the decrease in volume of stock exchange transactions and less money required to carry stocks, which have suffered severe breaks in recent weeks, were said to be other contribut- ing causes. GRAIN MARKET LOWER. CHICAGO, April 25 (Special).—The wheat market today continued its downward trend as a result of pres- sure caused by good rains over the Southwest and weakness in Liverpool. However, the market managed to re- tain part of the gains made earller in the week.” Corn followed wheat, meet- ing with liquidation and some short selling. CHICAGO STOCK MARKET. CHICAGO, April 25.—Armour, pre- ferred. 85%: Cudahy. 98l.; Falr, 3i Libby-McNeill, 77; Middle West Uti ties, 89; Swift & Co., 109%; Swift Ina- ternationdl, 25%: Union Carbide, 663; United States Gypsum, 1717%: Wahl, 16. . NEW YORK DAIRY PRICES. NEW YORK, April 25.—Butter— Steady; receipts, 7,496 packages. Eggs—Firmer; receipts, 29,702 cases; fresh gathered firsts, 29a29%s; fresh gathered seconds, 27%a28%. Cheese—Irregular; receipts, 122,700 Stock of record. 30 April 27 June 15 May 15 June 15 3 2 Aprii 30 May 20 There is no reason for you or your baby to look and feel this way PATION means MELANCHOLY and DISEASE Melancholy for the Mother, disease for the Child! The responsibility of the mother does not end with properly clothing and feeding the baby. Her own health is directly reflected in the little one,and the poisonsbottled upin her body by constipation transfer themselves to the innocent child and too often result in serious sickness. ' Mother's bowels should act at least twice a day, and baby's bowels more frequently. Physicians agree on this subject. Dr. Caldwell’s SYRUP PEPSIN ’ The Family Laxative —relieves constipation. Itisa pure, harmless, gentle combination of Egyptian senna, pepsin and aromatics in liquid form that opens up the bowels, and promotes and encourages Nature to perform her proper functions. No doctor could give you a better laxative than this one of Dr. Caldwell's which has been used for over thirty years. As Pleasing, Easy and Effective For Mother as For Baby 0., APRIL 26, INOU.S. AID ASKED Railway’s Head Did Not File Formal Application, I. C. C. Declares. In a statement regarding the re- ceivership of the Chicago, Milwaukee and St. Paul Railroad, the Interstate Commerce Commission yesterday de- clared that no formal application for financial relief ever was flled with it in behalf\ of the corporation prior to its announcement of inability to meet obligations. “The commission explained that proposals looking to Telief had been discussed by President Byram of the road with some of the commission- ers, but that the action had not been followed up. “Mr. H. E. Byram, president of the Chicago, Milwaukee and St. Paul Rallroad Co., had a conference with division four of the commission, at that time composed of Commission- ers Meyer, Eastman and Potter. Some time early in the Autumn of 1924 the statement said, “Mr. Byrum expressed his solicitude re- garding the general St. Paul situation and. inquired whether it would be possible for the commission to make & loan to his company, either out of the contingent fund or out of the re- volving fund. Told Fund Was Small. “He_also wanted to know whether the commission would be willing to recommend to the Secretary of the Treasury the substitution of certain collaterals for other collaterals now on deposit with the Treasury, because, from the standpoint of Government security, the collateral to be. substi- tuted, Mr. Byram thought, would be Just as good as what is now there, and, from the commercial standpoint of the company, the collateral to be released would be very much more useful, “‘Division 4 advised Mr. Byram that the amount of money in the contin- gent fund was small, and none of it Was at present avallable for the mak- ing of loans.” POOL PLAN DROPPED. Camp Sims Held Unavailable for Swimming Purposes. A report stating that it would not be possible to operate the swimming pool at the Camp Sims rifle range, at Congress Heights, as a part of the playground system for Summer recre. submitted to Commission- Susle Rhodes, y- grounds. ) Until the submission of this report it had appeared likely that the youngsters of Congress Helights would have a bathing pool this year. In her report to the Commissioner, however, Mrs. Rhodes said: “Camp Sims swimming pool was thoroughly inspected yesterday by Gen. Brett, S. J. Brunner and myselt | and I am of the opinion that even if we had an appropriation to operate the pool it would not be possible to | handle it by the playground depart- {ment. There is no way to keep the | |water sanitary. There are no lockers and the showers are too far removed | from the pool It now takes four days to fill and two to empty, water not having been changed the past more. than once in weeks. I see no way of making it a playground pool. It is only suited to | men and a high board fence should be built around it to keep the chil- dren out. the | in| 1925—PART 1. ROAD MERGER PROPOSED. Missouri Pacific Seeks Texas Short | 1a¢k of demand for pork products was Line Route. ST. LOUIS, April 25.—Rumore that the Missouri Pacific Rallroad is seek- ing, through the Gulf lines, to acquire the San Antonio, Uvalde and Gulf Rallroad, were confirmed in a state. ment made public by President L. W. Baldwin of the Missouri Pacific sys- tem. ““The Missourt Pacific and allled lines want the property to round eut the system and especially to provide adequate and dependable service be- tween the lower Rio Grande Valley and San Antonio, over its own ralls,” President Baldwin explained. The San Antonlo, Uvalde and Gulf Rallway has a total of 316 miles of track. It runs from San Antonio to Corpus Christi, on the Gulf of Mexico; from San Antonio to Corrizo Springs and to Uvalde Junction on the Gal- veston, Harrisburg and San Antonio Rallroad. L BUTTER PRICES LOWER. CHICAGO, April 25.—Butter, lower; creamery, extras, 44; standards, 4 extra firsts, 4214a4d; firsts, 4la4: seconds, 34a39. Eggs, lower; receipts, 35,179 cases; extra firsts, 21%a27%; firsts, 26; star- age, packed extras, 29%; firsts, 29%. ‘WEEKLY BANK REPORT. NEW YORK, April 25.—The actual condition of clearing house banks and trust companies for the week shows an excess reserve of $20,042,060. This is an increase of $34,638,190 over last week, when there was a deficit in | | If You Suffer From Some Troubie | Due to Stomach Disorders [ and You See It on ! This Chart { And You Want to Know How to End Your Sick Spells—Read | | Free Chart Below | PDicinesi=wWerry=Faliaehalid) NE Treutier A Wern-out, Hogrard Appesrancs? | KNOW HOW to stop your gas, ‘FREE‘ pain. indigestion and other | stomach disorders. Quit doctoring! Stop | busing useless drugs. 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ONE WAY A 15.day ‘cruise 3d cabin $198 $220.00 2d cabin I A Message for Men STYLE in Clothes means EVERYTHING — high sounding phrases like — “Guaranteed — Sdtisfaction and so on” —mean nothing unless there is STYLE — SNAP and CHARACGTER: in your Clothes You get all thes and more in SCHLOSS BALTIMORE (CLOTHES You get Classy Style— the Best Quality —the Greatest Service at no more — and probably —at less cost than you pey for ordinary clothes. SEE THE NEW MODELS in the extraordinary variety of fabrics from the best known looms in the world—delicate shedes of greys—pearls—London lavendars —fawns —blues —English greys with pencil stripes and plaids of harmonious tints—exelusive patterns— colorings and weaves, not to be seen elsewhere. Glad to Show You — You are more than welcome ‘On Sale at the Better Clothiers Everywhere