Evening Star Newspaper, September 7, 1925, Page 23

FINANCIAL. " GOSTLY VACATION PERD NOW OVER | Greatly Increased Efficiency Noted—More Employes Paid During Time Qff. h to The YORK, -September season wh e try in ¢ ROYLE. st BY it NEW vacatior today w American more The has been « . they imed 1o | al énviron ble fact, however ne executive tually 8 his e 3 and capital esented and ‘forced results 1sed per 1 in the rather sonnel eff ions. Employer that workers under the ise of the vacation re ward tc v nd their fe vere ¢ lows ca g tasks he range Workers posi tions which ent to leave to a f: had been cor in many no man s have it me They Jones can k3 e in line for h t v or is forced to Wage The deve have not cu schedul, They have increas cienc production, widened &cope of oper £ sc and he tition The 1 that none has beer unable or unwill goods.’ Far sively that uti cedure to tes Schedules Unchanged ents enumer own the number earner: efficient with abor t pay nover N~ etficient ers were ¢ no underst rovide es for post 1at mos < were in of prosperity iich a ymed fve re h holt with the the have matter of vaca- | duller periods. | many business n " heads of | nd salesmen | day liberality been treated tions During concerns se 1 hich he the have called agencies, distributors for what are officia known as| “‘sales conve and every effort | hag been made therings to ‘ make them per entertainment | c as il #s of conf ce | tions’ t.such s of advanthg dent Butler uffalo said rily | men every husiness | juire widespread ibsolutely essential | while to get into personal its representatives, keep rcquaintance and | that indis- which the corps. touch with a per riendship ble French ca t de ht. 1025.) ART OF 50,000 YEARS B.C. @erman Professor Says It Began to Flourish Then. From the Philadelphia Public I The ideas of n » ago was the subject of a diseourse by Prof. Bern of Bonn University atthe congress of German philologists in Heidelberg. About 000 B. the rt of the glacial pe »d began to sh in Europe, said the speake his art, he rted, had its origin somewhere around 50.000 B.C. He id that it has been fairly well estab- lished that 40,000 B.C., or thereabouts, the derthal beings were super: seded a race resembling that of he present day 1,000 years AS: ed cult of szenitors of firmly believed in an death. It has been that they feared the limb frequently were to prevent them living, according to the dead early pi ur race cxistence after proved s their hes COYO;I‘ES WORK IN PAIRS. Farmer Tells How Two Stalked a Pheasant and Missed Him. From the Philadelphia Pul Ledge That coyotes understand th~ rudi- ments of co-operation is indicated by ory told by Thomas Speer, a farm on’ Mill Creek, ndar Walla Walla, Wash A coyote attracted s he was plowing, Speer said. It paced to and fro, like a sentry on guard duty. Chinese pheasant rooster a short distance beyond was being forced slowly away from the animal, since with each round trip the coyote came a little closer to the fowl: i tion. Then beyond the bird & coyote was discerned, crouched, wait ing. Presently the waiting coyote be- came Impatient and leaped at the pheasant, missing it. The bird flew away and the two coyotes departed together. OIL PREDTUCTION DROPS. SHREVEPORT, September 7 (Spe- cial).—Failure of the third Smackover ttention 4 officially | overed | | incr | meet above | { make orph | concludes. that the apparently hes | in | | | | | HEAR YoUJ'VE BEEN TELLING FORTUNES ON THE BEACH ToDAY. FANNY: Qflw TELL MINE? - N LET ME DICK YOUR PALM, SEE (3 THOUGHT You g WERE A MIND READER. I THINK PALMIST! g‘MugrP'lsfioRe RY RELIABLE WITH OME SUBJUECTS! \REFUSE SHIPMENTS ~ BILLED TO FLORIDA | Baltimore VS—tcar;l—shi;\v and Rail Lines Swamped With Build- ing Materials i | | | s IMORF eptember 7 companies . hav Baltimore have Rail? | road |ing headqua in | been overwhelmed by shipments | of buflding materials to. Florida “for the building boom there that they have been forced to refuse to accept { more freight for certain localities. The date when they will resume ac ceptances of freight for Miami and | points south and between Miami and | West Palm Beach is not vet in sight, | it is said It said that there are plans for 1sed rom_Raltimore {o he n a con- ible up the :c CUCKOO’S QUEER CONDUC.T: ed effi-| IS DUE TO BIG APPETITE | Behavior of Bird Only Practical| Method to Provide for Ex- | istence of Its Species. © Kansas City Sta habit ¢ its eggs in other birds’ nests are of its you unwilling par is | nnatural as it has been given the redit for being, according to Dr. | + Hungarian zoologist. Dobay points out three facts help to explain the cuckoo’s conduct ¥ cuckoo is a great eater. | devours hundreds of insects and This forces him to constantly on the probably be kept | he and his mate | to a nest, not to | difficulty getting additional food for hun would rations if Toes Cuckoo s strongly de. She lays fram | ty-five eggs in a season, | a modest six produced by other bird ing, no matter how indu could feed a family like. that. ns of them and . the Better and trust to Provide bounty of Finally, no bird ever sits until she | has laid her whole “clutch” of eggs. I{ the cuckoo wa until-all her eggs | were ones would be | t were produced sady to incubate them. therefore, Dr. Dob: and 1 ars, behavior of the only practical method vide for the continued the cucko species. WALL PAPER FROM CHINA. Introduced Into Europe as Early as 1550 by Orient. less cuckoo is open to existence the pro- of roduce Japa nd Holland t king the p her wall coverings. 3 of wall paper began around 1650, when enterprising mer- chant missions began to import wall paper from China and Japan. By 1720 England’s fine_homes had pariors decorated with China paper, whereon were figures of men, women, birds and flowers. These Chinese pa- pers were backed with canvas and mounted on wooden frames and ot pasted on the wall. Jean Papillon, a French engraver, in 1688 is believed to have been the inventor of the wooden block for print- wall paper. It was a slow process. Two thousand blocks were required for printing scenes Cupid and Psyche, designed by the famous artist, David, for Napoleon. But with cheaper paper. by the continuous process, the roller, steam power, and in 1 the invention of the process of printing colors on paper, wall paper entered the homes of the multitude of Europe ‘Wall paper was not used on ‘the frontiers of the United States until a bare half century ago, and it was only 30 or 40 years ago that it began to'be used in quantity. RAILROADS COMING BACK. BOSTON, September T The New England railroads are com- ing back, according to financiers who have studied the new reorganization plan of the Boston and Maine. Offi- cials of the road declare that if the recent improvement in net earnings | continues, dividends can be resumed on the preferred stocks of the com- pany by the end of next year. i POWER MERGER REPORTED. MEXICO, Mo., September 7 (Spe- cial).—The West Missouri Power Co. will be consolidated November 1 with the Missourl Power and Light Co., ofle of the concerns controlled by the Studebaker-McKinley interests. Combines Fan and Fountain. From the Los Augeles Times. One of the most remarkable palm trees in the world is to be found in West Africa. Its branches grow in the shape of a fan, and always east to west, and are filled with a cool, pleas. ant-tasting liquid, which often_ saves the lives of travelers whose water sup- ply has run short. 5 i and paper wa rom China 0 by Spani The Sick Man’s Choice. From the Louisville Courier-Journal. “It's no good mincing matters,” said the doctor, “you are very bad. Is there anybody you would specially ke to see?” “Yes,” replied the patient faintly., Who is it?” queried the doctor. “Another doctor, please,” whispered the invalid. sand to measure up to expectations has caused a drop of 17,925 barrels in daily production in Arkansas and Louislana flelds. jn the last week was 269,167 barrels. A flerce controversy is raging in Cairo, pt. concerning the recent girls on the stage. the European cuckoo f | ness ['than seven times during the 50s and | duplicate the collection at the present | time. | years (Special).— | BONDS GAIN .24 POINTS. Advance Covers All But Telephone Issues. NEW YORK, September 7 (#) The New. York Trust Co.’s index of security pric covering 66 repre. sentative bonds, shows that a gain of 24 points was registered in August. With the exception of .telephone ‘and telegraph_obligations, which lost .20 points, all cladses of bonds’ showed an increase for the period, the most marked being industrial liens, whic | advanced .62 point i moderate -revival of activity | foreign issues took place last | apparently in belated . recognition of | the progress made toward a funding af Buropean war debts. -German gov ernment 7s and several French mu nicipals were among those - which reached mew high prices for the-year. GRAIN EXPORTS LARGER. | Increased Flour Shipments Also { Angust in | week, | Made From Baltimore. cial Dispatch to The Star. BALTIMORE, September 7 stuff exports last week totaled bushels of grain, against the previous perfod. The g ported were 304,447 bushels nd 181,6 Flour showed m . totaling 13,045 | i and 336 barrel 31 barrels for the pre Sy ceding report LEFT ART FOR PUBLIC | William Henry Riggs Donor of Fa- | mous Collection to Museum. William Henry Riggs. donor of the | famous Riggs armor collection to the Metropolitan Museum of Art, whose death at the age of 87, at his Summer residence, at Luchon, in the Pyrenees, Wi reported in The Star of Septem ber 1 last, donated also the very fine collection of art objects now in Mr. Riggs' Parls home, at 13 Rue Murillo. to the mu -um Mr. Riggs devoted practically his enti: lifetime to collecting, hig fond for athering examples of the armo art amounting to an ab-| sorbing passion that never waned. | He gave without limit In time and trouble in order to 4mass the great collection tha riow ars his name. Director Robinson of the Metropolitan Museum said of him in 1913 ‘As a collector Mr. Riggs has been tireless. From the days he attended sthool at Vevey with Pierpont Morgan in 1854, he has been in constant touch | with antiquity merchants and sales rooms. He ransacked Italy in the carly days when garréts of old pal aces still contained numerous art treasures. Thus in Venice he ob- | ained important specimens dating Tom the early Doges from the Tiepolo Palace. He visited Spain not fewer 608, making long collecting trips on horseback with a string of pack mules to carry away his finds. “His acquisitions have always been preserved in perfect condition by ar- morers specially trained for this work. 1t would be absolutely impossible to The only way this might ever be done would be through the braak ing up of the great royal collections at Madrid, Vienna and London Although Mr. Riggs had been a resi dent of Paris since childhood, visiting | this country for the first time in many | when he came here in June, | 1914, to see his collection installed, | vet he never rélinquished his Ameri can citizenship, and always spoke of himself as “an American sojourning abroad.” His American patriotism never left him, and it was always his wish that the fruit.of his labors as a collector should be enjoyed by his own eountrymen. FISHER'S PRICE INDEX. NEW HAVEN, Conn., September 7 (Special).—Prices, 158 4.10; purchas- ing power, 631-10: crumps, 110, Irving Fisher, Yale economist, re | ports. | THIS WEEK'S BOND ISSUES. W YORK, September 7 (#).— The general reopening of the invest- ment actiyities after Labor day will bring more than $40,000,000 of State and municipal honds into the market at an early date, as well as several | large corporation issues. One of the | latter is already scheduled for ap- | pearance this week—an $18,000,000 | transaction for the General Petroleum | Corporation. | | COKE PRICES ADVANCED. September 7 (Special).— ngland Coal and Coke Com- pany, has advanced the price of do- m‘e]stk‘ coke 50 cents a ton to $13 re- tail. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY ATLANTA, September 7.—Deteri- oration of the cotton crop from drought in the last fortnight fn the Southeast has been more. pronounced than is generally known, according to several statisticians here. SACRAMENTO, _ September 7.— President Ernest L. Arams of the California Rice Growers' Association said today growers had had one' of their most successful years. - The crop amounted to 6,310,000 bushels, and the entire holdings of the association membérs were cleaned up by,June 1 at high prices. DETROIT, - September 7.—The ‘pro- dyction of Chrysler four and six cyl- inder models now exceeds 800 daily. Approximately 18,000 cars were shipped in August, and orders on hand represent 60 days’ production. RICHMOND, Va., September 7.—The Macy Truck Co. has received an or- der for five ‘2304nch bus: chassis on which special bodies will be buflt. for the Virginia Rafiway and Power Co. CLEVELAND, -September 7.——Sales’ of the Glidden Co., since the first of the year, have exceeded those for the The daily average | appearance of a number of Moslem |corresponding pefiod of 1924 by ap- proximately $2,000,000. | gage.or put his funds intc something gage bonds are now sol | Competition ‘in this field is | volume | Special Dispatch to The Star EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. Real Estate Bonds. g One of the most popular forms of investment is the real estate mort gage bond. For ‘years first mort- gages on real estate have held a de servedly high rating among invest nent securities. The difficulty, how- ever, that generally they were | not available to the small investor. He either had to take an entire mort else. Then too, the details of exami- nation of title and. of. appraisal were such that only at considerable expense could safety of the loar be assured. But with the growth of the large real estate mortgage bond houses which loan money on first mortgages nd split up the security into pieces convenient for investors large and small, these difficulties have been re moved. TIn this form real estate mort- in enormous Yolume. The record for this kind of investment is exceptionally good. There is just this much to be said, nevertheless, in the way of caution. increasing and it follows that care must be exercised in selecting the house from which to purchase real estate mort gage bonds. The indjvidual investor $10,000,000 POWER -DEVELOPMENT -PLANNED NEW YORK, September 7 (#).— Plans for the first hydro-electric de velopment on the Ohio River to be built at Louisville, Ky., have been an- nounced by the Standard Gas and Electric Co. The plant will be con. structed for the Louisville Hydro-Elec- tric Co., a standard subsidiary, under the supervision of “the Byllesby En gineering and Management Corpora tion. The..company has been granted a license for the project by the Federal Power Commision under which it will pay an anual rental to the Govern- meht for the use of water power. The total cost of the development, includ- ing a Government dma, will exceed $16,000,000. | _REAL ESTATE LOAN COMMODITIES CHEAPER. | W e | August Compilations Show Drop in | NEW YORK, September 7 (#). As an index of business, the trend of commodity prices last month was | somewhat disappointing. Of the vari- | ous compilations published at the end of August all showed decreases | as compared with the first of the | month, the “average” wholesale quo- | tations representing declines of 1 to | 4 per cent from the year’s high marks. | ordinarily cinnot.investigate for him- self the merits of the pirticular issue of these bonds, although theoretically | that ought to be done. He has to de- | pend in great measure upon the | representation and the reputation of | the seller. It is fair Yo assume that ecord of successful loans and of | honorable dealings with clients en- | titles a real estate mortgage bond firm | to the confidence of the buyer of these securities. The best test is the record of the past * (Copyright, STEEL SALES IMPROVE. August Total Ahead of Other Metals Reviewed. NEW YORK, September 7 (@).— The steel market has ruled steady. While few price changes occurred, the f buying again satisfac still confined princi- shipments. August rted to be in excess of July and the manth end statistics are expected to make a favorable show- ing. Pig iron was slightly more active and firm, although some nerv- ousness was expressed over the fuel situation. | In copper no general revival of buving interest was noted. Tin, after showing easiness early, rallied in re sponse to London improvement, with | more buying interest shown by deal and consumer BUSINESS IS ACTIVE. Labor Day Finds Moderate But Wholesome NEW YORK, September 7 (#) The arrival of Labor day, normaily marking the transition point Summer dullness to the traditional | Fall expansion In trade, has found | business making moderate but whole some progress. Confidence in the sit ion remained unshaken last week | in the face of a rather severe reac tion in stock prices { Demands upon the credit resources | the Natlon's financial capital have been met without creating ¢ disturbance in the money market. Fairly large requisitions have been | made. but they have taken the form of withdrawals by interior banks. of their own sueplus funds, which had been forwarded to New York. TOBACCO RECEIPTS OFF. Sales Total 1,391 Hogsheads Dur- ing Week in Baltimore. a long | 1925.) July. ory, Progress. of far BALTIMORE, September 7. — Re ceipts of Maryland leaf tobacco last week were somewhat smaller than for the past three weeks, totaling 2,480 hogsheads, while sales were 1,391 hogsheads. Quotations today for Maryland to bacco per 100. pounds: Inferior and frosted, firm leaf, $4a$9: sound com- mon and greenish, $10a: mon, $16a$25; medium, $26a$35; sec- onds, common to medium, $6a$20; sec- onds, ood to fine, $31a$35; upper country, air cured, $8a$40; ground leaves, new, nominal. GARMENT CENTER GROWS. New York Makes 41 Per Cent of All American Clothing. NEW YORK, September Vork is the garment center of the | world, leading every other ecity in the | value of the total manufacture of | men’s and women's_clothing, accord- ! ing to a report issued yesterday by the Russell Sage Foundation. This city 30“0““000 New | | inquiries which have appeared since mally | Inc., has been exchanged for class A rom | , The arch enemy of the oil industr —over production—has made its ap- | pearance, causing a general slashing | of gasoline prices as surplus stocks of the fuel sought outlet in the East and Middle West. Motorists, however, | were cheered by the cuts, which are expected to stimulate consumption | and perhaps the purchase of more | automobiles, which in turn would further increase the demand for gaso line. WALL STREET BB;EPS. NEW YORK, September 7 (®).—| Figures compiled by the Commercial | Chronicle from the | leading cities show that bank clear- | ings for the last week totaled $9,387 082,110 compared with $7,383,11 for the corresponding period a year | aga, a gain of 27.1 per cent. The in- B se in New York City clearings as 25.9 per cent 1‘ The output of the General Motors Corporation in August, exceeding T 000 car and truck units, established a new high production record for the month. The August outturn indi- cates an annual production rate of over 900,000 vehicles, more than 100,- 000 ahead of the 1923 sales record Retail demand, accotding to official reports, has kept close pace with pro- duction. Although earnings of the locomo- tive companies so far this year have been disappointing, executives are | said to be satisfied with the outlook | nd convinced that an important buy- ng movement is not far off. Several the first. of the month are expected to lead to the early placement of large orders. In accordance with merger plans recently announced, more than 93 per cent of the stock of Chapin-Sacks, es of the Southern Dairies, Inc. Stocks Bonds 0Odd Lots Carried on Margin Buck & Company —BROKERS— Established 1916 312 Evans Building 1420 N. Y. Ave. N.W. Tel. Franklin 7300 Direct Private Wires to New York FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F Street JOHN POOLE, President T WANTED! SECOND TRUST NOTES chis of ol Hinterof gecond tbas notos, secured on D. C. or nearty real estate. mpt action 18 every” case. Washington Investment and Transactions Co. 715 14th St. N'W. Main 3662 manyfactures 41 per cent of all men's | clothing made in the United States, | its nearest rival béing Chicago, which manufactures 16 per cent of the total. Figures compiled by Ben M. Selek- man of the foundation’s department of industrial studies, also shows that the men’s clothing industry ‘is the second ' largest industry in New York, the fiest | being the manufacture of women's | clothing. Products for men's wear, | manufactured here last year, amount- ed to approximately $500,000,000, ' showing a continued and steady an: | nual increase over aperiod of years. | Uit of Bt i BOND TREND UPWARD. { NEW YORK, September 7 UP%— |1 The ease with ‘Which' the money |1 market so far has met commercial demands for credit and the unruffied manner in which it has adjusted | itself to the:shiftifig of funds have been a potent factor in the recent firmness of bond prices. Although daily’ changes have-been narrow, a study of the “avernges’’ reveals that moderate recovery has.been made in the past ‘month. - A, The 1924 beet sugar crop in the TUnited States was 1,094,013 short tons, the largest in history. Wholesale Prices. I ' BY--ALBERTINE - YES:~] CAN SEE ATA GLANCE THAT You HAVE A PALM ! e ...y PrOmOL Acticn 23 First Mortgage Loans Lowest Rates of Interest and Commiseion Thomas J. Fishér & Company, Inc. 788 15th Street ANDALL i \ \g\:;\ e R (i L Qi 3 /il (e A8Y Organized in 1814. When It’s 53% .. uRE RESIDENCE LOANS AT LOW RATES FRED T. NESBIT INVESTMENT BLDG. Main 9392] MONEY T LOAN —on First Mortgages on im- proved property in Washing- ton. Current rates. Prompt service. {SHARNON. & LUcHY) 713 & 715 14th St. N.W. Main 2345 i We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street B What Your Dollars Will Earn $100 earns $250 earns E $500 earns.. 67 $1,000 earns. . 1.34 "EVERY WEEK When Invested in Our 7% First Mortgage Notes - 513 33 We Own All The Securities We Offer For Sale— ‘When we advance our own money upon a first deed of trust, it is specifically under- stood that the loan must be secured upon improved Real Estate in the city—based upon a valuation of 100% above the entire First Mortgage. This Is One Of the Vital Reasons For Investing in Our First Mortgage Notes Paying 6% %. Ask for Booklet Mortgage Investment Dept. HANNON: & LUCHY| 713 and 715 14th St.. N.W. " Main 2345 MORTGAGE NOTES IN CONVENIENT DENOMINATIONS ON IMPROVED PROPERTY ‘in DISTRICT & COLUMBIA . 'H. L. RUST :912 15th Street ' COMPANY Main 6888 Time for College {{When high school days end,and it’s time for your boy to undertake college training, will there be sufficient means to see him through? Take care of that end [ of it now, by creating a college course fund in OUR SAVINGS DE- PARTMENT. 3% Compound Interest —will help your money grow, and it’ll have the protection of the Oldest National Bank in the District of Columbia. National E'Metropolitanm = Bank % g Money to Loan Secured by firet deed of trust on real estats. Prevailing interest and commission. 1 Joseph I. Weller 420 Wash. L. & Trust | E | E | Invest in SECURE Securities There’s nothing safer than First Mortgage Notes — be- cause ‘they have back tangible property. And there's no SURE investment which pays better interest than this group of First Mortgage Notes we are offering at 7% | Kelley, manager of onr of them | Let our Mr. Loan Depariment, give you (he details CKEEVER = GOSCT || | | Od Profits, Over $1.800,000.00 } [215th St. opp. U. S. Treasury l———[o|[—| 1415 K Street Years Capital, Surplus & Undivided Main 4752 I JOHN JOY EDSON, President Organized 1879 .. $5,031,814.86 FRANK P. REESIDE, ( Equitable Co-operative Building Ass’n Assets Surplus. . If You Want a Home— $2.50 PER MONTH Sove for it—the Equitable will aid you to get ahead. It's our business to help others to attain financial independence. Join Today 915 F St. NW. ADEQUATE RETUR. We specialize in First Mort- gage investments, carefully placed, and with a good rate of return—6% % interest -t this time. These are sold outright or on the partial payment plan, a plan which enables you to obtain 6% % while you save. They are in convenient denominations— $250, $500, $1,000 and upwards. Century Without SAFE 6Y29% FIRST MORTGAGES a Loss B. F. SAUL CO. Main 2100 925 15th St. N.W. The New York Life Insurance Company Offers .o Make First Mortgage Loans on Improved Real Estate In the District of Columbia and Suburbs for 3, 5 or 10 Year Periods Apartments Office Buildings ON APPROVED SECURITY ; X Apply j " RANDALL H. HAGNER & GCOMPANY MORTGAGE LoAN GORRESPONDENT