Evening Star Newspaper, June 4, 1925, Page 26

26 RADIO EXPERTS Al T0 BOOM BUSINESS Strong Fight Started to Pre- vent Usual Summer Lull in Big industry. BY J. C. ROYLE. 8pecial Dispatch to The Star. NEW YORK, June 4—Manufactur- ers and dealers are making a strong fight against the Summer slump in the radio industry. One of the executives of a leading manufacturing concern declared today that there was no doubt the slump was here, but that business s0 far this year had been so far above that of 1924 that the year promises to be a most satisfactory one. It seems sure to be if the sales for the last quarter come up to expectations. Seek to Spur Interest. The brief lifetime of this infant in- dustry has always been marked by a falling off in sales during the Summer months. This has been due somewhat to meterological and atmospherie con- ditions, but these have been overcome to a great extent by improvements in broadcasting and recelving instru- ments. Executives of the larger com- panies are now seeking earnestly, both here and abroad, for something which will serve to spur interest. In the case of many radio fans the thrill of tuning in on distant stations has begun to pall. They are better satisfled to get a clear and enjoyable program from close at hand. The wire hook-ups which make possible clear distribution of a single program over a wide area have helped to meet this demand, but there is every reason 1o believe that many radio set owners are becoming disappointed with the make-up and quality of present-day programs. Want “Big League” Music. The radio programs, as one radio entbysiast put it today, are in the “‘geml-pro” stage and the patrons are beginning to demand “big league ball."™ Music lovers with a thorough ground- 1ng in the classics are beginning to re- sent constant repetitions of well known compositions by performers of com- paratively little reputation. There have been repeated rumors of engagements of world-famous art- ists to bolster up the Summer pro- grams, but there have been few such reports substantiated. Some of the concerns controlling services of high- ly paid pérformers have discontinued their programs for the Summer. Sales Appeals Resented. The practice of having artists repre- sent manufacturing and merchandis- ing concerns is growing. So far it has been' impossible to learn just what re- turns this outlay for advertising is bringing to the firms involved, but the performers so engaged thus far have not included stars of thé first magni- tude. One big broadcasting company which has conducted an extensive canvass declares that radio listeners resent direct sales appeals and that the advertiser must be content with “institutional” publicity and advertis- ing. Nonetheless, radio has become a "“STANDARD” GASOLINE New Mark Looms In 1925 Trading . In Stock Market By the Associated Press. NEW YORK, June 4.—Transac- tions In stocks on the New York Stock Exchange during the first five months of 1926 aggregated 175,652,800 shares, a monthly aver- age of 35,130,660 shares. At this rate total transactions for 1955 would réach 421,566,720 shares, ex- ceeding any former year in the his- tory of the exchange. Only in one previous year—1918—did the fig- ures exceed 300,000,000 shares. power in the home. This is shown conclusively by an analysis of the gas and electricity used in this State by public utility corporations. The in- crease in the use of gas and electric current can undoubtedly be attributed to the infiuence of radio. The New York housewife as a result of radio spends more time at home and does more cooking than formerly. The family also spends more evenings at home and uses the electric lights to & later hour than in years past. Cheaper Sets Boost Sales. The reduction in the prices of re. ceiving sets has undoubtedly stimu- lated sales to a considerable extent, but those reductions also have arous- ed considerable antagonism among those who now see sets which cost them from $100 to $125, selling at one- third that sum, The majority realize that these re- ductions have come as a result of volume production, but many are hesitating over buying new sets until prices and production shall have stab- ilized still further. PACKARD PAYS “EXTRA.” Five Per Cent Added to Quarterly 3 Per Cent Dividend. NEW YORK, June 4 (#).—An ex- tra cash dividend of 5 per cent on the common stock of the Packard Motor Car Co. has been declared, in addi- tion to the regular quarterly dividend of 3 per cent, which brings total cash disbursements for the fiscal year end- ed August 31 to 20 per cent. Alvan MacCauley, president, said no further dividend action would be taken for the current fiscal year. THREE DIVIDENDS VOTED. NEW YORK, June 4 (#).—An ex- tra stock dividend of one-fiftieth of a share was declared today on the common stock of American Gas and Electric, in addition to the regular quarterly dividend of 25 cents, pay- able July 1 to holders of record June 10. The regular half per cent on preferred also was authorized. MAY ACT FOR T. F. RYAN. NEW YORK, June 4 UP).—The election of W. C. Potter and Josephs R. 8wan as directors of the Chicago and Eastern Illinols Rallway Co. has aroused speculation in Wall street as to the interests they would represent. In some banking quarters it was the opinfon they would act for Thomas Fortune Ryan, who recently acquired large holdings of the road’'s stock. THE CORNER IS FOUND INMAXWELL STOCK A and B Shares Suspended After 47 and 94 Point Jumps. Actress Gets $83,000. By the Associated Press. NEW YORK, June 4.—Trading in Maxwell Motor Corporation A and B stock has been suspended on the New York Stock Exchange by order of the governing committee, because a nat- ural corner prevented a free and open market. ‘The stock in four months climbed 47 and 94 points, respectively. The A stock rose from 74%, January 27, to 121% yesterday. The B shot up from 33% to 127%. Actress Makes $83,000. ‘The New York Tribune today says that Lila Lee, film actress, cleaned up $83,000 in the sensational advance. She is said to be one of the few who has made money in Maxwell. Many who are short 6n the stock are wondering how to pay thelr obliga- tions now that trading has ended. New Kind of Corner. The corner was_unlike those con- trived by ABan A. Ryan in Stutz stock in 1920, and by Clarence Saunders in Piggly Wiggly in 1923. It was cau by the plan of readjustment, an- nounced April 16, by which the Chrys- ler corporation took over the assets and labilities of the Maxwell corpo- ration. Ninety per cent of the Max- well stock had been deposited by May 26 for exchange into stocks of the new corporation. Certificates Not Touched. The deposited stock, traded in as Maxwell Motors A and B certificates, is not_affected by the suspension or- der. The remaining 10.per cent of the old stock is held by a few persons. No individual is held responsible for the corner, but the supply of unconverted stock is regarded as insufficlent to cover trading operations. —_ LIVE POULTRY HIGHER. CHICAGO, June 4 (#).—Poultry— Alive, higher; fowls, 25; brollers, 29a 42; roosters, 13; turkeys, 20; ducks, 22a30; geese, 13a24. MAIN 1075 For 4 Employes’ Outings Charter Busses s(r‘vlk(':n-'-‘ :\!hllo ‘Im 50114 14th St. NW. eeps up wit the fimes & ahead of EVENING STAR, WASHINGTON, WATCH W., B. & A. BONDS. Investors See Advantages in Pos- sible Merger. Special Dispatch to The Star. BALTIMORE, June 4.—Local in- vestment bankers continue to watch with interest the movement of the se- curities of the Washington. Baltimore and Annapolis rallway. Bonds of the company have been in demand since talk was heard of a new deal, in which the electric road would be a conspicu: ous figure. At ithe present price the yleld i{s such as to prove attractive, provided the road should go into stronger hands, it is pointed out. In any new merger or othér propo- sition, it is explained, the bonds would probably be allowed to run to matur- ity, as refinancing could hardly be ac- complished on a more favorable basis than the present one. RAILROAD CUTS COSTS. Western Maryland Has Lower Ratio Than Pennsy or B. & O. Special Dispatch to The Star. BALTIMORE, June 4.—The man- agement of the Westérn Maryland Rallway has tackled the cost problem in a manner that already has brought gratifying results. During the first quarter the company’s ratio of oper- ating expenses to gross earnings was 71.5 per cent, against 73.5 in the cor- responding quarter in 1924, 79.4 in 1923 and 75.2 in 1922. The Baltimore and Ohio’s ratio was 81.5 for the first quartér this year, against 82.8 in 1934, 76.9 in 1923 and 79.9 in 1922. The Pennsylvania Rallroad reports operating ratio of $4.5 for the first quarter this year, against 819 in 1924, 84.4 in 1923 and 79.7 in 1922. WOOLWORTH SALES UP. NEW YORK, June 4 (f).—Business of the F. W. Woolworth Co. continues to expand, returns for the first four months of 1925 having been $6,133,- 000 larger than the same period last ear. & gain of about 10 er cen SHERWOOD FOREST @ restricted Community under Club control Only 30 Milés by Way of Bladensburg Invites you to inspect its beautiful tract high on the banks of the H SEVERN RIVER I | It asks you to look over its cottages, |{ || clubhouse, dining halls—to try out its matchless eighteen-hole golf course, to roam through its wooded || paths and along its cliffs, to inves- tigate its bathing beach and its boating and riding facilities. Accominodations for visitors on reasonable notice. | Furnished cottages by the season— $300 and upward. Proportionate rates for shorter I periods. For further particulars apply 503 144¢h St. N.W. Telephone Main 7523 OVERLAND VOTES ONLY REGULAR DIVIDEND TOLEDO, Ohio, June 4 (#).—No ac- tion was taken by the Willys-Over- land directors toward paying off ac- crued preferred dividends amounting to nearly $30 a share at their meeting yesterday. They declared the regular quarterly dividend of $1.50 on the pre- ferred. OIL OUTPUT INCREASES. NEW YORK, June ¢ (®).—The dally average gross crude ol pro- duction in the United States in- creased 32,150 barrels for the week ended May 30, totaling 2,346,900, the American Petroleum Institute re- ports. SHIP MERGER APPROVED. BALTIMORE, June 4 (#).—Plans for the merger of the Porto Rico American Steamship Company of Bal- timore, with the Bull Line, of New York, were ratified by stockholders of the former company here today. DI- rectors of the company had previously given their approval e HOLDING COMPANY PLANNED. BALTIMORE, June 4 (#).—Reor- ganization of the Great Atlantic and Pacific Tea Co., into five divisional operating companies controlled by a parent holding company, was an- pounced at the local office of the con- cern yésterday. The Velvet Kind ICEC REAM D. C, THURSDAY, JUNE %, 1925. LEAVES OWENS BOTTLE. President Libbey Resigns, Keeps Stock in Company. NEW YORK, June 4 (#).—Edward D. Libbey has resigned as president and a director of the Owens Bottle Co., but will continue, it is umderstood, to retain a large stock interest in the company. Charles H. Sahin of the Guaranty Trust Co. of New' York and William H. Bossart, vice president and general manager of the company, were elected directors. Sales for the first flve months this year reached $9,179,- 991, aguinst $8,855,000 in ghe seme period of 1924. But Spain will back a company that plans to build 16 steamships. P 1 on all S r sl 'Tv Preveatol into cracks and around drains. Preventol is a clean liquid. No muss or dust. Use it every day. It can’t spot or stain. Use it safely on even the finest fabrics. Get from your druggist or depart- ment store an improved sprayer and a pint of Preventol in the new easy-pour can, both for $1.00. If your dealer hasn’t it, send us the dollar. We’'ll ship any- Leyoss Chomies! Cory. elos ST U B 5 G, .. INQUIRE ABOUT OUR DEFERRED PAYMENT PLAN Free Automobile Parking GASOLINE ADVANCED. PITTSBURGH, June 4 UP).—The Atlantic Refining ‘Company has an nounced an increase of 1 cent a gal- lon in the price of gasoline in Penn- sylvania and Delaware, effective today. The new prices are: Motor grade, 24 cents; 68.70 grade, 27 cents, not in- cluding the State tax. The tank wag- on prices will be 21 and 24 cents, re- spectively. NAZARIAN BROS. CO. Cleaners & Repairers of Fine Rugs Fireproof Storage 1712 20th St. N.W. Phone Potomac 1529 “The Gingham Girl’s” Staunch Friend —Tolman THE WOMAN who wears dainty tub frocks of French gingham, linen and silk during summer days at office or at home faces a laundry problem of no mean proportions. One fumbled laundry job and a colorful frock is in the discard. The exrert washing and drying and ironing of colored dresses as well as all white per- sonal clothing is a service widely rendered by the Tol- man Laundry. Colors are washed separately and set be- fore cleansing. Tolman has a laundry service suited to the needs of every family and in- dividual, Franklin 71—Franklin 72—Franklin 73 *THE TOLMAN LAUNDRY F. W. MacKenzie, Mgr. 6th and C Sts. N.W. Carpets and Rugs | cleaned and stered. | Cold Sterage for {| Ruga. | W. . Moses & Sons Furniture Established 1861 F Street and Eleventh Carpets Linens Upholstery For Porch, Lawn or Garden---the Iltems Listed Below Offer Material Savings Rustic Garden Chairs ................ High Woven-back Porch Rockers..... High-back Slatted Rockers..... Small Porch Rocker, without arms. Couch Hammocks, upholstered adjustable backs . Hammock Stand Three-piece Fiber Suite, cretonne cu.sinonn. 4 P— . eimme we o encnncs OpOEIS] v woidie sigars = SPECIRL . o0 cnie s o o « - Special $18.50 «eeomenne...Special $8.00 o ptiad Senets re5/o 4 < . SPOCIRLL $43.50 Couch Hammocks, heavy quality duck, adjustable head, upholstered back. .Special $29.50 DRAPERY DEPARTMENT Auwnings Made to Order _ of best woven and hand-painted materials, mounted on proper size galvanized iron and fix- tures, made correct size for openings. We have the equipment and experienced awning men and will execute the work promptly, so you will have the entire season’s use. Ventilating Aerolux’ Porch Blinds brown, green and green and white; also the New gray and green on outside and plain gray on inside, all with no whip attach- ments. It will pay found reliable kind. you to buy the tried and We measure and estimate on as many as you want. New Fringed Lace Panels Excellent design and material. of several patterns. Your choice Regular price, $3.75. Special, $2.50 pair. Regular price, $4.75 and $5.00. Special, $3.50 pair. Mohawk Cotton Cases, size 45x36 ill sell by the pair or singly. Marquisette and Voile Curtains with drawnwork, insertion and neat lace edging. Very durable curtains in Ivory and Ecru, 21 yards long. Sold up to $5.50 pair. Choice, $3.50 pair. Big Selection for Your Summer Home Very special in Filet, White, Cream and Ecru Net Curtains. Neat designs with narrow lace edgings, 214 yards long. Regular $2.50 pair. Regular $3.00 pair. Regular $4.00 pair. Special, $1.75 pair Special, $2.25 pair Special, $2.75 pair Special ‘Purchase Handmade Lacet Arabian & Marie Antoinette Curtains White and ecru, 214 yards and 3 yards long. All on heavy bobinet and a serviceable curtain to hang. Large selection to choose from. To be sold at half regular prices. $13.50. Now $6.75 pair $14.50. Now $7.25 pair $16.50. Now $8.25 pair, on up to $22.50 All at Half Price THE LINEN SHOP Mohawk Cotton Sheets, size 81x90 inches. Reduced to $1.50 each. Regular $1.00 Our entire line dress linens. of regular $1.00 colored 67c Yd. inches. Reduced to 39¢ each One-Half Regular Price Remnants of crashes, table linen, odd one- half dozen napkins, soiled pattern cloths, soiled scarfs, centers and remnants of dress linens. Y, Regular Price mmmwummmgmtnmu;s INQUIRE ABOUT OUR DEFERRED PAYMENT PLAN