Evening Star Newspaper, May 30, 1925, Page 15

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281 \J *\ hetter, b FINANCIAL. NELONSHES P AT CENTER ARKET Nearby Strawberries Filling Demand—Pineapples Are Cheaper—Beef Firm. Florida watermelons are attracting much attention in the local market, heing good sellers at prevailing price Prices depend entirely upon the size of the melons, the smallest of them selling at less than 50 cents, while choice melons were quoted at $1.50 this morning California Imperial Valley Joupes, salmon tints, were in lght supply today. The market steady, with a light demand. Prices range from $2 to $7.50 a crate Pineapples Cheaper. Light supplies of homegrown strawberries are filling demands. Be. cause of the cool weather, it is stated, the berries are ripening slower than usual Receipts of dewberries from North Carolina are light. Best quality were quoted at $5.50 and $6.00, some in fair condition brin; Only a limited supply from North Carolina is reported. The demand is limited and market weak. Pineapples are plentiful and cheaper. Today's Wholesale Prices. Butter prints, canta- ney, tub, selected, candled 3003015 Broilers white keats, tnrkeys turkevs 11: me- Lambs, . choice, 89 12 _ 18; Spring 2 loins, 31a : shoulders, 18a DUN’S REVIEW SHOWS BUSINESS PROGRESS EW YORK, May 30 (®.—Dun's Review today says In spite of a widespread and severe ost, which is quite exceptional after the middle of May, business sentiment hows further improvement this week and evidences of some additional ac tivity continue to appear. Operations in several of the primary markets show additional interest on the part of consumers, and this has resulted in some new business. Shoe business is exceptionally dull and this is reflected in the leather market. The tone of the primary textile markets is rather but further curtailment of pro- duction in the cotton industry is being urged and is quite generally prevalent in_woolens The silk industry continues ver active and knit goods operators are well employed BUTTER RECEIPTS UP. Prices, However, Reach Higher Levels During Week. CHICAGO, May 30 (#).—During the week the butter markets here were in a firm position and prices showed an average advance of 1 cent at all mar- kets. While demand from consuming outlets was quite which persisted in spite of and some accumula- s was partly due interest on the Chica- York markets, which, forcing further advances nning of the week, ser market level and prs Honid to speculative go and Ne while not after the beg ed 1o hold th vent declines. The medium and under grades were limited, indicating that the quality of new arrivals was very good. Cen- ized butter, however., was inade- te for the great demand, but was mer throughout the week than any other type of butter. The easiness which developed late in the week, result of the heavy receipts and an increase in street stocks, was not sufficient to counter- act this speculative support. —_— OBJECT TO CONVERSATION \ Silkworm Raisers Ask Visitors to Refrain From Talking. From the North China Herald. the raisers of silkworms go a sacred mountain at Wusih, Central China, at the Tsing Ming (feast of pure brightnes: they put the eggs into their clothing &0 that the worms may make the as- cent with them. Silkworn raisers are very superstitious in this part of the country and this is done to bring good luck to the cocoons. Strangers going through' the coun- try where the mulberry tree grows are asked to refrain from conversation be- cause the silkworms might be excited or agitated by the sound of forelgners at hand. The worms are carefully guarded against all noise, some Keep- ers being so careful and also so su- perstitious as to announce the arrival avelers to the silkworms. If this custom is not observed and wybody comes to the town making noise, or is not announced, the yaisers of the silkworms become very angry. The traveler receives scant courtesy and is driven out of the town with curses. Polo Costly Sport. Nearly one million dollars were used o farrange and finance the interna- tiogal polo match between Great Brifain and United States in 1924, when the Prince of Wales was in this country. The gate receipts, of course, didf not pay for even a small part of thesexpense. Two of the ponies, how- evel, sold for £10,000 each immediate- 1y dfter the match, which consisted of only two games. Snow Cleared by TNT. Rocky Mountaln National v snows in Winter cbliterate the tralls and present a big 1ask should they have to be removed Spring in the usual way or by mekin kmen thread a long fuse of TNT through the snow, about when w has fallen, and ignite " This clears the road in a flash. he fuse is incased in a tube of lead {0 preclude premature accident. 5 S Iron’s Heat Controlled. By means of a new invention, worked out from a very simple prin- ciple, an electric iron, percolator and similar equipment will automatically shut off the current whenever the in- strament gets overheated. It is a thermostat arrangement, and before the fron gets too cool it will again start heating. The invention will considetably lessen the number of fires resulting from overheated irons. il 0ld-Timer for Paying. Prom the Progressive Grocer. Salesman—I observe that you treat ghat sentleman very respectfully. Merchant—Yes, he's one of our early Pottlers. : ) Salesman—An early settler? Why, he’s not more than forty vears of age. Merchant—That may be true, but he pays hig monthe Thirty-Eight Advances THE EVENING STAR, WASHINGTON, D, €. SATURDAY, MAY 30, 192 Stocks Go Higher During W eek; General Trade Also I mproves in Whelesale Prices and 17 Declines—Steel Mills Getting More New Orders. BY STUART P. WEST. Special Dispatch to The Star NEW YORK, May 30.—The stock market wound up for the Memorial day holiday with the conviction that the influences making for higher prices were still predoimant. There was more or less criticism on the ground that recent advances were seemingly the work of professional traders, rather than of spontaneous buying on the part of outside inves. tors. But as against this, it was to be sald that the investment element in the market was more prominent than it had been four or five months ago. Speculation Moderate. As regards the speculative portion of the market, it has had much better investment backing than there was during the wild performances of the ‘Winter. Some of the recent advances have been overdone, but there has not been the recklessness that there was at the start of the year. It is foolish to dwell too much upon the activities of the habitual Wall Street traders. The professionals would not commit themselves to the e of advance unless they perceived the substructure of the market to he strong. unless they saw that it was in a condition where even after a considerable advance in p <, real holders of stocks were being tempted to sell Sterling Up, Francs Down. The important international inci- dents of the week were the settling down of sterling exchange close to the normal par and well above the level at which Great Britain would have ordinarily been shipping gold out before the war. and second, the drop, for the first time this year, in W., B. & A. SECURITIES LOSE THEIR MOMENTUM Profit Taking in Both Stocks and Bonds Greatly Slows Up Trading. not Special Dispatch to The Star _ BALTIMORE. May 30 ‘he edge is u_fl the market for Washington, Baltimore and Annapolis Electric Railroad issues for the present at least. Absence of support and offer- ings to realize profits in the stocks, which doubled in market value, and in the bonds, which advanced over 10 points, have caused sharp recessions in the issues. It is suggested that too much pub- licity may have interfered with the reported plans for the entrance of new interests into the property and that they have decided to wait until the excitement dies out before re- suming conversations. BEAUTIES OF ESTHONIA. Ancient Russian Frontier City Re- calls Towns of the Near East. From the London Times. Narva, on a hot Summer day, with its rough, narrow, cobbled streets. its white houses from which the sun's rays are flung back in a pitiless glare, the green domes of the Orthodox churches and its abundance of jack- daws, recalls the towns of the Near st, writes a correspondent. I have noticed this similarity once, before, and that was in Midwinter, with 20 de- grees of frost, when I saw the trees that fringe the market-place of Dorpat packed with hooded crows, and birds in hundreds hopping about under the feet of the traffickers in search of edible remnants, as tame as the pigeons in Regent's Park. The re- semblance, of course, is superficial, for Nar: in many respects an up- to-date town, with a considerable trade and industry, good shops and an ex- cellent Ruasian tea-shop (the hotel is not above the ordinary Esthonian standard), while Dorpat is an ancient seat of learning. The frontier between Esthonia and Russia runs a few miles east of Narva, which is the last Esthonian outpost, and in that capacity had to beat off very heavy attacks from the bolshe- vics in 1919. In ancient times the Narova itself, flowing broad, swift and broken between lofty banks, was the frontier. In the days when the Ger- man knights faced the Muscovites over the river, and after the Swedes (in the sixteenth century) had become the owners of the left bank, Narva was the scene of fierce fighting; it was from the great fortress of Ivan- gerod, on the Russian side of the river, that Pontus de la Gardie, whose stone effigy lles above his tomb in the Reval Domkirche, carried off the great green carved guns, the Hog and the Sow, that stand in the courtyard of Grips: holm Castle, near Stockholm. The typlcal Esthonian landscape of faintly undulating agricultural plain, patched with woodland, that lies west of the town, s the scene of the fa- mous victory of the Swedes over the Russians in 1700. The Battle of Narva is one of the cases where a small force under able leadership and superfor in courage or training, or both, has utterly routed an army im- mensely superior in numbers, but in- competently led and deficient in either or both of the sald qualities—an ex- treme example of which is the victory of Garibaldi's Thousand over the large Neopolitan army in Sicily in 1860. At Narva, of course, the disparity of strength was not so fantastic, though great; the Swedes had 8,000 men on the field of battle and the Rus- sians, about 40,000 The Russians, deceived as to the strength of the attacking enemy, had their talls down from the start; the untrained and unorganized peasant levies were penned like sheep in thelr intrenched camps and massacre in thousands. Peter the Great, serving in his army with the rank of captain, was not present at the catastrophe, having gone to meet another force which was moving toward the battlefield. The battle afforded Charles XIT, at the age of 18, an opportunity of showing his complete fearlessness and his generosity in the hour of triumph —he kept only his fat bag of generals as prisoners, and released all the other officers and men captured—but its historical significance is negligible, seeing that four years later Narva, which the Swedish king had so bril- liantly relieved, was taken by the Russians and rema‘ned Russlan until the revolution and break-up of the emplre, while nine years after the bat- tle Charles had been hopelessly and finally defeated at Poltava and fled to Turkey. FIRST DIVIDEND VOTED. NEW YORK, May 30 (#).—Sterns Bros. declared an initial dividend of $1 a share on the class A stock, pay- able July 1, to holders of record June 20. = The Guggenheim-Ryan _syndicate has declared an initial dividend of 50 per cent to holders of rights under the Congo Mines participation agree- ment of 1907. The hardest work some men do is the French franc below 5 cents. Some of the much advertised pre- dictions regarding what would hap- pen to England on its return to a gold basis have been working out badly. The Bank of England has re- gained more than half of what rela- tively. small loss in bullion {t sus- tained between the close of April when restoration of the gold stand- ard was announced, and the middle of May. Paper Francs May Go. The decline in francs makes it easy to believe reports that the new French ministry proposes to deval- orize the paper currency. If the paper franc were reduced to one- fourth of its oldtime value, it would correspond to actually existing market conditions. Then, it taxes were sufficiently in- creased to balance the budget, there should be no trouble about taking care of the short-term Treasury obli- ations which long have been the chief danger in the situation. General Trade Good. General trade in this country is in better shape than at any time since Midwinter. Prices have stopped go- ing down. They have been pointing the other way. Dun's review reports that during the week there were 38 advances in wholesale quotations as against 17 declines. Along with this has come evidence that buying of pig iron has picked up and that the steel mille are booking more new business than they were a month ago. The profit margin is still small but Wall Street has had a chance to re- concile its calculations with much more conservative ideas as to what profits are to be. (Copyright. Stocks Advance For Four Weeks Without Break 1925.) By the Associated Press. NEW YORK, May 30.—For the fourth consecutive week the main price movement in this week's stock market was upward. Out- side of the stock market chief financlal interest centered in the strength of sterling _exchange, which sold close to dollar parity, and the weakness of French francs, which sank below 5 cents to the lowest level since last Summer. Professional traders continued to dominate the stock market, al- though increased public participa- tion was apparent in many issues, particularly in the motor, rail and public utility groups. MILL OUTPUT CHECKED TO AVOID OVERSUPPLY GASTONIA, N. C., May 30 (#).— Beginning of curtaliment to avoid ac- cumulating of unsold stock varns was the chief feature of the week among the textile mills of Gaston County. The carded yarn mills are following a drastic curtailment program rang- ing from three days a week operation to a complete shutdown. ine combed yarn spinners show every evidence of curtailing as rapidly as they complete deliveries, pending new orders. Twelve mills are cur- tailing in whole, or in part, and others will follow unless an improvement is noted in market conditions, bringing orders to justify operation. GEESE IN COTTON FIELDS. Keep Grass From Plants, Do Not -Damage to Crop, From the Pittsburgh Sun. Geese as cotton-field hands sounds unique, but Roy Godsey, field man of the Missouri State board of agricul- ture, tells how they come in handy. He says: “It is a common saying among the cotton growers that you can tell the number of acres a farmer will have in cotton the next year by the number of geese around his door in the Winter. “As soon as the cotton is planted and the grass starts, the geese are turned into the field and kept there until the cotton plants shade the ground. To raise good cotton it fs necessary to keep the grass down, and the geese will do this. They wili not damage the crop in the least, because they will not eat the plants. “After the plants have grown to a size that a goose cannot step over them the entire flock s headed at one end and driven down the middles, a. goose to a middle, and they will stay on their own row eating the grass unti} they reach the end. From one to two geese an acre will keep the fields in good shape for a cotton crop.” MORE FAILURES NOTED. NEW YORK, May 30 (#).—The week's commercial failures through- out the country increased to 422, com- pared with 406 the week before, R. G Dun & Co, reports, and 341 the cor- responding week last year. Fewer defaults occurred in the East, but in other sections there was a gain. RATES ON BAR SILVER. LONDON, May 30 (#).—Bar silver, 313%d per ounce; money, 3% per cent. Discount rates, short bills and three-month hills, 433a4 7-16 per cent. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY HAMMOND, La., May 30—The Hammond strawberry season has end- ed with shipments of 1,076 cars valued at over $3,000,000. The crop was cut short by drought. DETROIT, May 30.—The Motor ‘Wheel Corporationt will press 'litiga- tion to collect royaities on balloon tires and rims from manufacturers of those commodities. The rights to patents on the balloon tires and rims were recently affirmed to Alden L., Putnam, an employe, who had as. signed them to the Steel Wheel Cor- poration, controlled by Motor Wheel. BOULDER, Colo,, May 30—An_ex- tensive revival of mining in Boulder County is forecast as a result of the formation of the Boulder Grubstake Association. By financing prospectors, the association expects to quicken de- velopment of the tungsten region around Nederland, and in the Cara- bou gold and silver district. WILKES-BARRE, May 30.— The possibilities of a suspension of mining | while a new wage agreement is being discussed between operators of an- thracite mines and miners, has spur- zod damand for hard cosi, and pro. PLAN NEW DRVE T0 EXPAND TRADE Latin American Business Aim of Big Exhibit to Be Held in New Orleans. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, May 30.—Merchants and manufacturers of the United States are preparing to make a real and determined effort to capture the trade of the 100,000,000 people of Latin America. They have finally come to the conclusion that they can- not Americanize their Latin American customers. They realize that the trade is worth having and are taking steps to show Latin America what they have to sell and find out what the Southern coun- tries want to buy. Trade Exhibit Planned. 3 Many producers and distributors are preparing to do this through the in- ternational trade exhibition which will open at New Orleans next Sep- tember. This exhibition will consist of a permanent display of products and will offer facilities where buyer and seller can' meet on common ground. The project is indorsed by the Fed- eral Government and officials and will be housed in one of the $5.000,000 Government Army base buildir The exhibition is counted on to cut the cost of doing business with Latin America for both buyer and seller and to establish an understanding which hitherto never existed be- tween producers and consumers of North, Central and South America. Not Profit-Making Idea. The project is not a profitmaking one. Manufacturers are charged a nominal rental of $3 a square foot a yrar for space occupied by their ex- hibits. In addition they secure heat, light, telephone, stenographic and in- terpreter service. The amount Te ceived above the cost of running the exhibit, estimated at approximately $2 a square foot, will go into a co operative advertising and selling fund and to bring buyers to the exhibition. 1f a manufacturer does not care to incur the expenses of a selling organ- ization to take charge of the exhibit the organization will arrange such service for a nominal sum. Much New Trade Expected. The expense of “going after” the Latin American trade, which has de- terred many American firms, un- doubtedly will he cut by this project. Buyers from Latin countries will not have to visit a half dozen distant cities to make their selections. They can avoid going farther than the nearest large port to their own homes and still be able to do business on advantageous terms. The exhibition is not confined to displays by American manufacturers. Fprelgn makers can show their goods there if they so desire. The idea fs simply to bring together the sellers of world merchandise and the buyers from all sections. (Copyright, 1925.) TWO BIG RAILROADS SEEK JERSEY CENTRAL Special Dispatch to The Star. W YORK, May 30.—Persistent buying of Reading, which has been a feature of the railway section recently, carried the stock to a new high ves- terday. Both New York Central and Baltimore and Ohio interests have been credited with much of the buying in the Reading shares. the Reading controls. Jersey Central's earnings this year are expected to amount to between $30 and $40 a share, but it is the strategic importance attaching to the Jersey Central that makes it attrac- tive to New York Central and Balti- more and Ohio, and not the present income position. ROCKVILLE. ROCKVILLE, Md., May 30 cial).—Paul T. Weisser, general secre- tary of the Henry Watterson Chil- dren's Aid Society, will be the princi- pal speaker at the annual meeting of the Montgomery County Social Serv- vice League, to be held in St. John's Parish Hall, Bethesda, next Tuesday. Officers will be elected to serve one year, a resume of the activities of the organization will be given and a re- port will be made of the result of the membérship drive now in progress. As a result of a competitive exami- nation, in_ which 300 participated, Williston Dye, son of Capt. and Mrs. L. L. Dye of Garrett Park, this county, will be among the 15 to be appointed by President Coolidge to the United States Naval Academy at Annapolis. He will report June 15. Licenses have been issued by the dlerk of the Circult Court here for the marriage of John B.- Rodriquez, 27, and Miss Marle Ieim, 23, both of Washington; Charles F. Kelly, 21, and Miss Ruth E. Boland, 21, both of Sperryville, Va. Gov. Ritchie ha= appointed Jesse T. Mower a notary public for this County and his commission has been received by the clerk of the circuit court here. James H. Moneymaker, a well known resident of Cropley, was sen- tenced to two years in the Maryland house of correction by Judge Samuel Riggs in Police Court here, following his conviction on a charge of carry- ing a concealed weapon. ‘The program of the annual Con- federate Memorial day observance at Monocacy Cemetery, at Beallsville, this county next Wednesday, has been announced. The exercises will be under auspices ot the E. V. White Chapter, United Daughters of the Confederacy, and will include an ad- dress by Representative Lamar Jef- el of Alabama; presentation of medals to veterans of the World War who are sons of the veterans of the Confederate Army, by Mrs. Thomas R. Hall, president of the chapter; a paper. by Mrs. Thomas F. Chiswell, singing of patriotio_songs by the assemblage, and music by the Poolesville Band. Charles W. Wood-~ ward of the Rockville bar will pre~ side. For failing to obtain a license on a dog owned by him Danlel Gaither was fined $6 and costs by Judge Samuel Riggs in the Police Court here. That the use of the Rockville fair grounds as an amusement park for the Summer months, for which pur- pose they have been leased to a resi- dent of Washington, does not meet with the approval of the Rockville Inquiry Club was evidenced at a meeting of the organization at the home of Mrs. George S. Stone, when Mrs, Ernest L. Bullard and Mrs. S. J. Goode were named a committee to |5, protest, especlally so far as the operation of the park on Sundays is concerned. The ministers of the town, it is understood, co-operate in opposing desecration of the Sabbath there. —_——— ‘WEEKLY BANK REPORT. NEW YORK, May 23.—The actual condition of clearing house banks and trust companies for the week (five days) shows excess reserve of $49,- 404330, This is an increase in re- serve The goal is the | Central Railroad of New Jersey, which | Leading Factors In Week’s Gains In Stock Values By the Associated Press NEW YORK, May sentiment was created by the os- tablishment of another new 1923 freight record in the week ended May 16, the latest for which sta- tistics are avallable; announcement of higher gasoline prices in the Kast: maintenance of the Chicago and Northwestern dividend, and the resumption of payments by the Inspiration Copper Co. and higher prices for several basic commodi- ties. Heavy buying of the motor is- sues, practically all of which mounted to the year's highest lev- els, was inspired by reports of rec- ord-breaking production and sales by several of the larger companies. Merger rumors supplied the in- centive for a renewal of bullish demonstrations in the public. utili- ties. BRAINS SKYROCKET INWEEK'S TRADING Frost, Drought, Root Rot and Fly Havoc Send Prices to Higher Levels. -Bullish CHICAGO, May 30.-All grain has gone skyward in price this week, ex- cepting only that May delivery of wheat fizzled out at a loss. The big general rise in values came chiefly from domestic crop damage reports which border on the sensational. Com- pared with a_week ago, wheat prices today range from 33 decline to 14% advance, with corn, 254 to 11 up, oats showing 214 to 5af% gain, and pro- visions unchanged to 55 higher. 70-Year Record Smashed. Abnormal sudden changes from heat to cold that broke a record of 70 years for this part of the season had much to do with the widespread domestic crop injury which aroused anxiety in the grain trade and sent values soar ing. The harm said to have been done to wheat by the freeze was rivaled by the havoc represented as having been accomplished by Australian “take all,” a kind of root rot, and by Hesslan fly, as well as by drought. Need of rain throughout the greater part of the wheat belt kept trades on edge, inas- much as a large part of the Winter wheat crop Is now at the critical stake of growth. Export Buying Slow. Falling off in immediate export de- mand for wheat was largely responsi- ble for the tame action of prices for May delivery of that cereal. Dearth of export buying of wheat was as- cribed to favorable passages for new wheat and rye crops in Europe. Ac- cording to one estimate the total Eu- ropean production of wheat and rye this season will be 392,000,000 bushels more than last year. Frost received most of the blame for changes in the corn crop outlook that resulted in hoisting the price of De- cember delivery of corn in particular. Extensive replanting of corn was sald to have been rendered necessary. Re-| ports of serious damage to the oats crop as well as to wheat and corn | were also a disturbing market facteor. | Provisions owe thelr upward tilt chiefly to the rise in the corn market. e HEAVY EARNINGS LIFT STOCKS DURING WEEK NEW YORK. May 30 (®).—Heavy accumulation tool dustrials whose earnings have been running at a high rate, Simmons Co., Certain-teed Products, United States Industrial Alcohol, American Tobacco B, United Cigar, Woolworth, Eaton Axle and May Department Stores be- ing among the many issues to estab- lish new peak prices for the year. Money rates held relatively steady with 4 per cent the ruling rate for call loans. ORIGIN OF HANDKERCHIEF. Traces Among Egyptians—Oval in Shape Until Louis XVI. From the Detroit Ne: It is difficult to assign a period and a country of origin to the handker- chief. But it seems to have been place in several in-| i . EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. Investments and Speculations. No sharp line cun be drawn between investments and speculations. The two shade into each other and some- times a commitment may partake of the nature of both. Investment is sometimes defined as the purchase of income, but it is often applied to a very different operation. For instance, when a man buys a piece of unim- proved real estate he may say he is investing, although there is no present income to be derived from his hold- ings. In the same way he may con- sider he is investing when he buys a non-dividend-paying stock. There is this distinetion, however, that the investor who puts his money into some non-dividend-paying security does 8o primarily. with regard to value and not with regard to price. The speculator always puts price first. The theory has recently been advanced that over a period of years purchasers of some common stocks come out bet- ter than buyers of bonds. If this theory is correct it s because in a sucgessful and well managed corpora- tion the equity behind the common stock is constantly increasing through the reinvestment of surplus earnings in the property. Of course there come lean times when operations are conducted at a loss, but these are more than made up, it the corporation is really suc- cessful, by periods of prosperity. Now a man may buy such a stock with the idea eventually of sharing in these surpluses which belong to the common stockholder. If the corporation shows steady progress he may be sure that some day the price will reflect this | prosperity, although it may not be so at any particular time. (Copyright, 1925.) . = RUBBER LAND WORKED. NEW YORK, May 30 (). The States Rubber Co. has about of its 110,000 acres in Sumatra the Malay Peninsula under cultivation, Vice President Hotchkiss sald today on his return from a six-month trip to the prop- erty. The total producing area was about 50,000 acres, he said, which would vield about 18,000,600 pounds annually. Prompt Action First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. 15th_Btreet Quick, Courteous Action Money te Loan on 1 d_and 3rd Ti Mone; yment of Tuxes Money Financing District Loan Procurement Company 219-223 Kellogg Bldg., 1422 F St. N.W. Tel. Main 8070 —on First Mortgages on improved property Cur- Prompt in ‘Washington. rent rates. service. HANNON - & LU 713 & 715 14th St. N.W. Main 2345 Second Trust Notes known in remote ages, and traces of it are to be found among the Egyptian. On the contrary, strange as it may seem, the Greeks appear not to have used handkerchiefs. Passing from the Greeks to the Romans, we find that the latter had something of the kind which they called “sudarfum’ (sudor, sweat). It was of the finest lace and was used chiefly as an ornament and as a fan during the games in the cir- cus. For many centuries afterward there is no mention of handkerchlefs, and we only find traces of them about 1650 in Italy. For many years the handkerchief was round and oval, and it was not till the time of Louls XVI that it became square. ———— Query the Prometer. Determine how much of his own money the promoter is putting into his scheme before you decide to risk yours. Don't take his word for it— make him prove fit. —— Coaches Have Glass Roofs. Taking a tip from the glass bottom- ed boats running to Catilina Island off California, a railway company in Romsdale, Norway, has fitted its rail- road coach running through scenic sections, with glass roofs. This en- ables the tourists to see the towering mountains in comfort from their seats and has increased gourist travel con- siderably. —_— Greenland Moves Westward. Southern Greenland is moving away from Scotland at the rate of 60 to 125 feet a year and Iceland is moving away from Norway at the rate of 63 feet a year. The land is mot actu- ally moving, but the shores on that side are being worn down by the action of the water which is not as pro- nounced on the other sides of these bodies of land, This company has funds available for the purchase of all kinds of second trust notes, secured on real estate in or close to D.C Prompt Service ElW ashington !nvestmenlE Transactions Co. 713-15 14th St. N.W, Main 3662 I====n—0n DOLLARS AT WORK Never Permit Your Dollars to Be Idle The only worth- while dollars are the dollars at work—and you can give yours safe and profitable employment in our First Mortgage Notes Paying 62 Per Cent It means security of the principal and a DIVIDENDS. Period. Rata, Payable, Autocar Co pt g $L00 June 18 1, Y %o larger interest-earn ing power than with any other safe, con+ servative ingestment, ‘We relieve you of all details, Consult Our Mortgage Investment Department 713 & 715 14th St. N.W. Main 2345 FINANCIAL. IpRY GOODS IN BETTER Money to Loan DEMAND THAN YEAR AGO *~ NEW YORK, May 30 (#) ate sales of sheetings for the ba trades were reported vesterday at 36 cents a pound. Staple cotton goods generally werg quiet, but demand con- tinued for movelties in wash fabrics. | Yarns were steady. Leading cotton | goods hguses stated that Western re- | ports of dry goods distribution were | distinctly optimistic and much better | than a vear ago. | Silk held steady while silk goods were active in wholesale and retail |y channels, i FISHER'S BODY NET. V' YORK, May 30 (®).—Prelim- | figures of Fisher Body Corpo earnings for the last fiscal quar- | ter ended April 30 show net exceeding | $8,000,000. This is more than $3 a share’ on the common stock and in- dicates $6.25 a share for the full fiscal | year against a dividend outla; of| | 33 of New Invites Applic: Amounts of $50, FRED T. Loan Corres Investment Bldg. Moder lt""fp_h, 1. Weller 3 15 red by first de Prevailing inte of trust on real estate. st and commission Wash. L. & Tr 9th & ¥ N u WE FINANCE —all classes of income-producing property. Large Loans a Specialty Current int. rate and commission. Higbie & Richardson, Inc. FEDERAL AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, Presiden§ The Prudence Company, Inc. York ations for Construction Loans Long-Term Refinancing 000 and over NESBIT - pondent Main 9392 Have You others, and exacting. It has no be learned by experience. In applying for the manag Main 2100 “What Experience THAT is the first question you ask of every applicant for a position. have learned the high cost of inexperience—in Yet many building owners, without real ex- perience in building management and with hands already full of other matters, try to manage their properties themselves. Property management is a profession—difficult ments, we bring Thirty-two Years of Success- ful Real Estate Experience. "B. F. SAUL CO. Had?” Business men text books. It must ement of your Apart- 925 15th St. N.W. Business Properties RANDALL,H. HAGN o 1321 ng;rz:;: yn« nue, a3 wstandard product, Offers to Make First Mortgage Loans on Improved Real Estate In the District of Columbia and Suburbs for 3, 5 or 10 Y ear Periods Apartments Office Buildings V2% ON"APPROVED SECURITY Apply ER.&-COMPANY : MoORTGAGE!LoaAN GORRESPONDENT Standardized Safety HROUGH: their unhroken Jecord o258 years>without Toss$o ar Inwestor,.our Pirst.Mortgages have came tosbe recognized A Birsty Mortgages affera¥tiy"Swartzell, Rheem & Hensey Companyigasgnally=ateg they are all negotiated on €he same bads and protected by the same-systans of gufes guards, Safainvestmentimebaer standesd. {zedsbyt£hisorgantzaiion, We aremowrofferingyFi denominations of£2$100-and-upward, to the-investor

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