Evening Star Newspaper, November 15, 1925, Page 56

NEW HIGH LEVELS - PRECEDE SELLING Drive on Motors Checks Bains in Stocks—Saturday 1 { . Trading Enormous. By the Associnted Press {NEW YORK., November, 14..-Re- fmewal of selling pressure ugainst the iindustrials, articularly the moto halted the upward mov rices in today’s stock m bt until a score of.rail issues had unied r highest prices in a ar ading was on an the day's sales ¢ ing the larg sion in about shares 1 £-Loliday \5 06 | Jrars Rails were under heavy accumula n from the start, with buying in- flenced by tumors of the forth- ming increa in _dividends on Kew York Central, Balttmore and Ohio and some of the Western car. iriers. Nickel Plate jumped 6 points to a new top at 157 in expectation of early approval of the Van Sweringen merger by the Interstate Commerce Commission Southern Rails Strong. New peak prices In the rails !were established by Baltimore ©hio common and preferred, peake and Ohio common and ferred, Pere Marquette, Erie common, \Pittsburgh and_West Virginia, New ‘York Central, Norfolk and Western, {lehigh Valley, New Haven, S fern Ru Wheeling and and ferred, - nfa, North- orthern pre- and and Great these issues but many v gains in ranged from 1 to : of them were substant I the late wave of eelling. Selling Wave in Motors. Motors were heavily liquidated on the theory that with the recent dec- laration of the $5 extra cash dividend jon General Motors all the ‘“good news” In sight had been discounted Ty that group. Chrysler broke over 10 points to 208 and then rallled to 2 Hudson fell over 7 points to nd then rallied a point, and Gen- eral Motors, Studebaker, Chandler, Jordan, Hupp, Paige-Detroit, Plerce- Arrow, Mack Trucks and Mowern showed recessions of otnts. United States Steel common was Bid up_to within a fraction of the year s highest at 138!z, but a flood of offerings appeared around that figure and carried the quotations down to 1341,. It subsequently ral- Jied to 18615 for a net loss of 1% on the ¢.y. American Can showed a net decline of over 2 points at 253 and Baldwin dropped 11 to jdfter having sold as high as 130%. Break in General Electric. i ! General Electric broke nearly 10 ipoints to 320 and then rallied to 323. {United Cigar Stores and United :States Cast Iron Pipe also reacted 1to03 Oils developed a temporary burst {of strength under the leadership of #Marland and Mid-Continent, which ted to new 1925 high levels, /but they later reacted with the rest of the list. issues had been predicted on reports of an carly increase in Eastern crude Iprices Independent Strength Shown. Independent strength also was Bown by Foundation Co., Liggett & M) AmericanLa France Fire _Engine and American Safety Razor, all of which eclipged their previous ‘maximum quotations. ‘Foreign exchanges moved within iyatlier narrow and irregular limits, with the principal continental rates ishowing an easter tone. Demand sterling held steady at $4.84%, but French francs dropped about & points to around 4 cents and Italian lire yielded slightly to 4.0813 cents. :| WALL STREET BRIEFS LW YORK, November 14 (#).—An- fcipated announcement in a month or two of segregation of Cox Bro: anthracite mining subsidiary o Lehigh Valley Railroad, which must he disposed of by court decree before Text February, is linked in the finan. cial district with the heavy buying of Lehigh Valley shares. The Spicer Manufacturing Co. prob- ably will begin manufacturing opera- tlons in England, Vice-President Car- penter said on his return from Europe, Where he has been looking over the motor field with a view to further expansion. Operations in this coun- try were running at capacity night and day, he asserted. Permission to acquire the common stock of the Depew and Lancaster . Light, Power and Conduit Co., sought by the Erle Power Corporation, has been refused by the New York Public Service Commission. The Japanese government has ship- < ped 00,000 gold to the United States, the fourth shipment in the cur- rent movement American Tobacco between 10,000,000 and 11,000,000 {pounds of redried tobacco from the Burley Tobacco Growers’ Co-operative Assoclation, costing from $2,500,000 to $3,000.000 $44,000,000 EXCESS IN RESERVE NOTED | NEW YORK, November Money rates continued relatively easy despite the unexpected realizing of the :Boston Federal Reserve rediscount “rate on Monday afternoon, which was {generally blamed for the heavy selling stocks the next day. Speculative ¢ontidence in the market was restored Iwhen the New York Federal Bank re- ftained its 31; per cent rate at its meeting on Thursday. The weekly jofearing house stutement showed an fexcess in reserve of over $44,000,000. BUTTER IS HIGHER. CHICA 14 (P).—But {ter higher: 8,395 tubs; jereamery ext standards, i i § , November receipts, her; receipts, 1,794 cases 54; ordinary firets, 40ai8. HEDERAL LAND BANK BONDS. NEW YORK. November 14 ed 1. Bl 58 &N 19410n31 . 8d L Ll 4159 May 1 bd L Bk 478 Nov d L Bk 4158 d L Bk 4128 d L Blc 4 4 4 4+ 0) 530p3: 954034 Chesa- | pre- | White | Reent buying of these | . has bought | 14 P).—| ! |Overextended peculation BY 1. A, FLEM | An attemipt on the part of the finan- cial authorities and private-wire cor- respondents to create the impression | that there is a possibility of a money { panfc. in view of the great activity | #nd high prices current on Wall | Street. as well as the advancement lof slight increases in the rediscount | rate of one or two Federal Reser | Janks, as a reason for the bad break in stocks early last week, is simply ludicrous, Ior over one year the stock mar el has Leen enjoying the wildest <ind of a Loom, running rough shod [over every bear attempt to make capital out of rumors and past-due reactions, with the la business on record many day weeks and months, and now when: there is some profit taking, when a natural reaction develops, when some | brokers. noting their topheavy hold- | Ings of securities, some not so strong- ly margined as they might be, have glven orders to office mgnagers ‘o scrutinize orders carefully, to call ad- ditional margins and to stop taking margin orders entirely. they must, perforce. have an excuse—an ad- vace in a rediscount rate. It has been a long time since money cut any figure fn the market on the bear side; in fact, the situation has so completely changed it has come to | be a matter of finding a place to use money rather than any probable tightening of the market for the circulating commodity, As a matter of fact, tight money has probably gone forever. If it is a factor on the bear side today, it is only in the pocketbooks and bank accounts of those traders in specula- tive securities “who have overplaved and overstayed thefr marekt. View Upheld by W. B. Hibbs. This view of the situation is con- firmed by no less an authority than W. B. Hibbs, who in commenting thereon sai ones nic—rot! The with the banks these days is to keep thelr millions working. The break in the stock market was due to over- trading and the anxlety on the part of brokers to reduce their margined lines, which have become overextend- ed. It is a fact that a larger per- centage of the buying public is to- day purchasing securities and actual- 1y paying therefor, locking them up. Money is a drug. everybody seems to have more of it than ever before. “There isn't the slightest possibil- ity of a money panic—a reaction in stocks would be but natural, and it would also be healthy.” Ratio of Reserve 77.2 Per Cent. The ratlo of reserve of the Federal Reserve system to llabilities is at the high record of 77.2 per cent, nearly 6 per cent higher than it was 10 days ago. showing that there has been quite a reduction from the lim- ited rediscounting of banks in the system. Very few banks are using the re- dlscount privileges these days, hav- ing all the cash they require and more, too, in thelr own vaults. Real estate mortgages furnish the most general employment for funds today and, fortunately, they are the safest form of investment, when through careful and reputable invest- ment houses. Mergenthaler’s Annual Meeting. The annual meeting of the Mergen- thaler Linotype Co. will be held on Wednesday of this week. Earnings will probably be close to 20 per cent. Mergenthaler shares at 190 or there- about 18 one of the best purchases on the local exchange from the stand- point of income returns. It is one of the high-grade investments, having & long record of dividend maintenance, with many extras from time to time, a product that is always in demand, an increased business abroad, a heavy cash reserve against its “‘good will, patents, etc.” being without bonded debt and having fine credit. There are few local investments that will return anything like 6 per cent on market value with prospects for a continuation of the rate indefinitely, COTTON VALUES RISE. Heavy Mill Figures Strengthen Saturday Market. NEW YORK, November 14 UP).— Unexpectedly heavy figures on do- mestic mill consumption for October and relatively steady cables from Liverpool appeared responsible for the advances in the cotton market today. January contracts sold up to 20.23, a recovery of 70 points from the low level yesterday and a net advance of 49 points, but more Southern selling and realizing developed at this figure, and that delivery closed at 20.00. The general market closed easy, although final quotations showed net guins of {12 o 28 points. | “Private cables attributed the rela- | tively steady ruling of Liverpool to | trade calling and continental buying. | The amount of cotton on shipboard | awaiting clearance at the end of the week was estimated at 213,000 bales, against 232,000 last vear. trouble —————— }NORS}ED SALES LARGE. Recent Advance in Prices Is Stfll; Maintained. | | NEW YORK, November 18 (®.— | | Cotton goods were irregular and un- steady today, but with a firmer Cu(.-l | ton market, manufacturers were un- willing to sell freely on low bids. Merchants were glving much time to consideration of prices for the Spring {and Fall lines soon to be readjusted. | Raw silk was easier and sold here | on a basis of $7 for the best Japan | | grades. Silk goods showed little change. £ | “sales of worsteds at advdnced | prices went forward moderately Wash goods were bought In sampling lots. Lines of rayon-nixed worsteds continued to attract much trade at- tentfon. Burlaps were fairly steady. | Linens were in better demand, white | initialed handkerchiefs Dbeing espe- | clally active. NEW TORK. November 14 (#).— The steel market remained firm, with raflroads the chief buyers. It 18 esti- mated that November railroad car orders thus far will require about 90,000 tons of steel. There has been a good demand st Pittsburgh for merchant pipe and large New York orders for fabricated structural steel are rveported. Semifinished steel is reported very firm. In pig iron producers and consum. ers are awalting developments. Sales through New York houses are sald to be the smallest in several weeks. Copper remained quiet. —— = | 7-CENT GAIN IN WEEK. | CHICAGO, November 14 (Special)l.— The bull movement in wheat present all week was again shown today. De- spite profit taking closing prices were 115 to 3% higher for the day and 3% to 7% for the week. | The THE SUNDAY STAR, WASHINGTON, D. T. NOVEMBER 15, 1925—P REDISCOUNT RATES ARE NOT INFLUENCE IN STOCK MARKET Brought Recent Reaction. Banks Burdened With Cash—Money Panic Days Gone—Financial Comment. to say nothing of the chance of extra declarations. Our old frend Ralway common, foot ball of the market for many years, non-dividend payer for a time, and in itself not a big cash earner, is now assoclating with the aristocrats of the local list. Just why a 5 per cent dividend pay- er. that the utility commission will never ullow to pay much of anything niore, should Le sporting up above 5 a share is causing wide comment. me was when a well known local broker engaged in a campaign to boost it to par, following which it took a grand and lofty tumble only to be resuscitated again by the sale of 27300 shares of the stock in a “ir Americ This corporation makes no bones of its ownership of a larger block of the stock today with its paper gain of millions, that would be mighty hard to bank. The company. however, does not m to have control and its local representative has not been on the buying end of the Railway common market during the recent sensational upward movement, which has really been for the credit of Boston and some New York interest Opinion is advanced by some Stock Exchange members that the latter in terests are determined to obtain a large enough block of the stock of the corporation to force recognition from the North American interests in future plans. This at once suggests what might be a wise move on the part of Bos- ton in accumulation of the preferreq shares which have equal Voting power with the common, pays the same divi- dend and are still selling under par. The preferred cannot earn more than 5 per cent dividends: the common might, if it could get by the utility commission, but there is always the threat of a §-cent fare, requescent right now, before the eyes of street railway managers. Past due dividends might be paid up. Service and Merit. The introduction of civil service into business life might result disas- trously to the enterprise using it. Likewise the anclent rule of senior- | ity in office advancing to the choic- est committee appointments in Con- gress, strictest civil service is liable to place incompetents in positions for which they are not fitted. Where service {s based on merit, then centinuity of service may be recognized with safety even in busi- ness. Comment is made anent the ad- vancement of Robert V. Fleming to the presidency of the Riggs National Bank, a position for which he fs eminently fitted through years of training under the ablest of tutors. Likewise, George O. Vass, advanced to the position of cashier, while re- maining a vice president, shows recognizition of service of years and outstanding merit. It is also easy to recognize the realization of the wishes of the la- mented Milton E. Ailes in these ap- pointments by the Riggs National directorate. Beg Pardon, Please. In a recent article on this page, reference was made to the banks gen- erally represented at the weekly luncheons of bank officials. The Dis- trict National was omitted from that list inadvertently These weekly gatherings, hdmitted- 1y of great benefit in checking frauds and check-kiters, had its wrigin with Joshua Ev Jr., executive vice president of the District National. He is at every meeting. As an evidence of the manner in which information given in confi- dence at the luncheons works, atten- tion s called to a check-kiter who was in the habit of using several hundred dollars of banks’ money from day to day. Called and requested to close his account, he found his habits so well understood that he was un- able to open a new bank account in the neighborhood of his place of trade. entually he will be driven out_entirely or forced to do business on the level with banks. Over 15,000,000 Shares Exchanged In Week’s Deals By the Associated Press. NEW YORK, November 14.—All s for the volume of trading on the New York Stock Exchange were broken this week when over 15,000,000 shares changed hands. Prices suffered a drastic collapse in Tuesday's record-breaking se: sion, over 3,000,000 shares, but re covered most of the lost ground later in the week with the rails and oils superseding the motors as market leaders. Wheat prices advanced 3 to § cents a bushel in response to a sudden revival of heavy export buy- ing. Cotton prices broke sharply on Tuesday, but soared upward again on Wednesday in reflection of uneasiess over the condition of the unpicked crop. The week's closing prices were generally above those of last Saturda: COMPANY TURNS CORNER. Corn Products Sees Larger Profits in Near Future. NEW YORK, November 14 (R).— Officials of Corn Products Refining take the view that conditions in the industry, which suffered from unfavor- able commodity prices, the greater part of the year, have returned to normal. The company is operating at about 75 per cent of normal capacity, with dafly grinding of about 135,000 bushels, and about 20,000 bushels should be added when the Kansas City plants reopen the end of the | vear. Demand for manufactured prod- ucts of corn has increased. The large corn crop this year, resulting in a sharp decline in prices for the com- modity, has enabled the company to fill its inventory requirements at levels which leave it a fair profit. CHICAGO CASH GRAIN. CHICAGO, November, 14 (#).— Wheat, No. 2 hard, 1.63. Corn, No. 3 mixed, 81%a82; No. ¢ vellow, 791;a81. Oat,"No. 2 white, 40%a40%; No. 3 white, 3912a40. Rye. none. Barley, 65a75. Timothy Clover seed, 18.75a 16.36. Ribs, 16.50. Bellies, WEEKLY BANK REPORT. NEW YORK, November 14 (#).— actual condition of clearing house banks and trust companies for the week shows excess reserve of $44,683,470. This is an increase of $52,626,690 compared with last week, when a deficit in reserve of $7,943,220 was reported. e g A British caterer predicts tlat it soon will be fashionable for women to be plump. LD WEEK NOTED | ONCURBVARKE 0il Shares Lead in Final Trading Saturday—Wide Fluctuations. ted Pres W YORK, November 14. Spe ulative activities on the curb e change today gave further evidence of a broadening of public interest in| the ofl shares, many of these rising to new high figures for the vea vorable reports had been daily re- ceived of a distinct improvement in trade conditions and r nt Pdv'lli}llk’ statements observers aid, testified to conditions of a constructive~char. acter. There had been a weekly jcline of the daily production of oil since September Prices in the | more prominent issues moved upward | but lacked the aggressive tactics of | the previous day. mble Oil moved to a rew high at 757 and Magnolia | held steady around the figures reached on Friday's advance of 91 points. As the session progressed selling pressure was discernible in the public utilities and industrial shares. Le. high Power ranged from 197 to 1931 | and United Light A declined about 2 {points. Libby ©wens dropped & points-and smaller losses were noted in numerous other fssucs. Boston and Maine issues stamped, which ap- peared in Friday’s trading, were in |demand today and strength was shown In Wilson & Co. ssues. The week included wide and violent | movements, many stocks being sub jected to pi re Monday and Tues. day, when a large number of the ac tive issues were without support also were influenced by the fact t liquidation of Stock Exchange a counts necessitated the closing out of many of the issues traded In on the curb. | After the violent declines orv the the last half of the week, a number of stocks moved to new high records. BALTIMORE PRODUCE. BALTIMORE, Md., November (Special) —The market for turkeys has shown some 'improve- {ment this week. and with receipts running lighter is expected to take on a much firmer tone next week in_anticipation of the Thanksgiving holiday demand. So far, only large fat, young gobblers and hen turkeys have been in demand, and shipment {of poor. thin stock or many old hens {and old toms not advisable as they have a tendency to lower values on the bLetter stock. Market on other lines of live poultry holding fairly but values as a rule have rd tendency. Young turke 9 pounds and over, brings 33 to a pound: old hens and toms. and poor and crooked breasts, Cholce Spring chickens sell at and 25, Leghorus, 21 and 22 but! poor and thing birds and black Minoreas will not bring over 18 to 20. Old hens, in fair demand, at 20 | to 25, but poor. thin fowl, Leghorns | and old roosters plentiful and slow | sale at 15 and 1 Fat ducks are in good demand, at 23 to 26, but small and poor are slow sale at 18 to 20. Nearby geese when rge and fat sell readily at 23 With Kent Island bringing top | values, pigeons and guinea fowl | holding fairly steady at 25 | a palr for the former and a 85 each for the latter. While thei season for dressed poultry opened ! this week the weather has heen too | {warm for a favorable market and unless it turns cold shipment of live instead of dressed poultry is advi able. As so far dressed poultry sells at only a few cents over live. Season for rabbits opened Tues- v, but receipts so far have been very light, and with a good demand | market_holds firm at 6.00a.7.00 dozen for choice nearby stock, and 3.60a4.20 for fair to good. Receipts of native and nearby strictly fres} eggs continue very light and with a | | zood constant demand for this sart| the limited offerings are cleaned u | daily_at a premium over quotations { for choice stock. The market closed firm today at 58 a dozen for first in free cases and 60 for candied eg: The demand for white potatoes has | eased off to a considerable extent and is now strictly consumptive, and | | not _speculative, was the case a| week or so ago. While receipts have been ample all week, values show little change and are holding fairly | steady at 3.00a4.00 per 100 pounds, anc 1.50a2.20 for culls and No. 2s. 3 ket for sweet potatoes and shows a_decline from last week. due | principally to the fact that much of | 14] live | i s the Eastern Shore receipts have been running wet and dirty as well | as heated. Fairly good demand pre- vails for No. 1 dry stock at 1.50a | 2.50 barrel and 1.00a1.25 for culls and | No. 28, while bushel hampers sell | mostly 50a1.25 as to quality and con- dition. Seasonable native and nearby gar- den truck in falr demand and move- | ment good at the following quota- tions: Beets, 2.00a3.00 sprouts, 10al5 quart; c 28.00 ton: carrots, 4.00: kale, 35a40 bushel: lettuce, 50a7s basket: onions, 0a3.25 hundred; pounds; oyster plants, 5.00a6.00 hun-{ dred; pumpkins, 5.00a10.00 hundred: spinach, 1.00a1.50 bushel; Savoy cab. bage, 40250 bushel, and turnips, 20230 basket. hundred; bbage, 00 hundred:; BALTIMORE LIVE STOCK. BALTIMORE, Md., November 14 (Spectal). —With the exception of beef | cattle, which is easy, the general live cattle market rules steady to firm under generally light receipts on the wharves, but ample at the stock yards. Good demand for handy weight veal calves and cholce Spring lambs, both of which are in on moderate receipt and no surplus in daily arri- vals. Heavy rough stock, however, slow sale even at the lower value quoted, and have to be further dis- counted on some cases. Quotations today at Light street wharf: Beef cattle, first quality, b, to 10, common to medium, 5 to §; bulls, as to quality, 4 to 6: cows, choice to fancy, 4 to 6, common to fair, 2 to 3; oxen as to quality, 4 to 6; milk cows, cholce to fancy, head, 50.00 to 75.00, common to fair, head, 30.00 to 50.00: calves, veal, cholce, ib., 131 to 14, ordinary to medium, 11 to 13, rough and common, 6 to 8, small culls, 6 to 8. Sheep, cholce, 5 to & old bucks, 3| to 4, common, 2 to 3; lambs, Spring. choice, 14% to 15, fair to good, 12 to | ) 14, common thin, 8 to 10. Hogs, straight, 12 to 13; sdws, 10 to 11; stags and boars, 5 to 7; live | pigs, 12 to 13; shoats, 10 to 11. 5 | NEW YORK DAIRY PRICES. | NEW YORK, November 14 (#).— Butter firm: receipts, 9,230 tubs. Creamery, higher than extras, 51%a do., extras (92-score), 51; do., firsts (88 to 91 score), 46a50%%. | Eggs— Irregular; receipts, 7,964 cases. Fresh-gathered firsts, 54a58; | nearby hennery whites, closely select: ed extras, 80; nearby- and nearby western hennery whites, firsts to av- erage .extras, 62a79: Pacific Coast whites, extras, 71%; do., firsts to ex- tra_firsts, 56a70. Cheese—Steady I pounds. receipts,’ A58 |BONDS CLOSE WEEK | Frigate Bird Used as Letter Carrier | | usually Building Volume For 1925 Already - Beats 1924 Total By the Associated Prest NEW YORK, November 14.— Building and engineering contracts awarded in October in 36 States, comprising seven-eighths of the cotntry’s_construction, are com- puted at $519,528,200 by the S. W. Dodge Corpoigtion, the largest vo ume for any October, but a decline of 5 per cent under September, which is considered unusual, as Oc- tober ordinarily has a larger build- ing total than September. The construction volume for 1924, a record year, has already been exceeded in the first 10 months of 1925, the total of $4.- 846,286,900 comparing with $4,47: 307,000 for all of last year. New England, Zfttsburgh district, the Central West and the Southeastern States all have exceeded their 1924 total. AT RIGHEST LEVELS Railroad Issues Saturday Market Leaders, With Oils Again Advancing. By the Associated Press, NEW YORK, November 14 Railroad issues led an advance in to day’s bond market which carried prices up to the highest levels of the week. In keeping with the strength of the carrier stocks, bonds of these companies, particularly those with speculative possbilities. found no dif ficulty in attracting buy Several convertible liens forged into new high ground for the vear, with numerous gains of 1 to 2 points recorded. Although trading interest was al | most_ entirely srbed by the rails, oil company obligations asserted thelr placc in the limelight by keeping pace with a rise in petroleum shares. Skelly Ol convertible 6135, which sold at a new high price for the year above 127, were the feature of this group. Favorable earnin creased dividends a rength of many Iroad securities. Florida Western and Northern 7s | ed up more than 4 points, and | » Haven converfible 6s rose 3ii, | while gains of 1 215 point cluded Chesapes Ohio vertible Gs. Chicago and Alton Chicago and Western e convertible s, “D, 1 Gr Northern adjustment Northern Pacific 413s, S Line 4s, Southern F Frisco income and adjustment 6s. The evident eagerness of Fi resume debt parley belief that the Italian agresment will make it easier to reach a French settlement, promoted renewed ac cumulation of French governmental and municipal bords. Other forelgn and United States Government bonds dlsplayed a fir tone. SWIFTEST SEA FLYER. s and talk of in-| counted for the in Equatorial Isles. The swiftest of all sea birds is the | ite bird. In certain of the equa-! isles of the Pacific this bird is | emploved as a letter carrler. Taken from the nest before it can fly, it is fed on a fish diet by the natives. In the course of a few months it becomes so tame that it can be set free dur-| ing the day and will return to its | perch at sunset. { On Nanomaga. where an American ! 12 months, he had two | . which w given him by | der on Nuitao, 60 miles to wind- | ward, and in return the American | gave two very tame birds, hatched and reared on Nanomaga The four were continually across from one island to another: sometimes the Nuitano pair would visit their birthplace and visit the American’s pair on their perch out side his house, remaining one or two days, fithing on their own account together and being fed at dawn and nightfall by the natives and the American. Then all four would sail | off to Nuitano, the American's pair returning within 36 hours. flying OadamiMaAnibod | the truth right in its face! A BULOVA WATCH tells the time, the real time, and nothing but the time all the time! curved o E Fitted with 17 jewel Bu- 10vA movement and ra- dium dial. 14ks soltd white gold en- ved case; with 15 jewel 10vA movement. . With 15 jewel movement and white gold filled case ‘Wrist and Pocket Watches $25 ¢ $2500 $35.00 The Store of Service D. J. Hughes JEWELER National Theater Bldg. 1325 E Street Franklin 7 Open a Charge Aecount | and the speaker, D: | gun by the Smithsonian Institution 20 OUTLINES EFFECT OF SUNON WEATHER Dr. Charles G. Abbot Fore- sees Present Basis of Fore- casting Discarded. LONDON, November 14.—The oldest | meteorological society in the world listened sympathetically last night while an American astrophysicist out- lined the progress of investigations of the sun’s radiation which threaten to discard entirely the present basis o weather forecasting. The audience | was the Royval Meteorological Society Charles G. Abbot, who is on his way to Africa and Baluchistan at the head of the Na tional Geographic Society’s expedition | in co-operation with the Smithsonian | Institution to establish a new station for observing solar variation. Dr. Abbot’s thesis, which he de. scribed as a heresy that he hoped would soon become an article of faith, was that the sun's radiation varies | from day to day and that the varfa- | tions are followed by complex changes in the weather. Dr. Abbot pointed out that before the investigations be. Years ago, no systematic-attempt had ver been made to measure solar radlation. . Solar Constant Measurements. “During the past 20 years,” con- tinued Dr. Abbot, “the Smitheonian Institution has made several thousand measurements of the solar constant in every season of the year, from | nearly a dozen stations, ranging in altitude from sea level to 15 miles jabove sea level, and under atmospheric conditions ranging from the hazy humidity of Summer at sea level to the extreme purity of the air above a balloon at 15 miles elevation “Although these numerous deter minations fall within a narrow range. they vet show what seems to be two distinct sorts of varlation.” One of these, according to Dr. Abbot, is long-period variation amounting to I per cent, and was associated with the | march of sun spots. The other is short-period_varfation amounting to as much as 5per cent, occurring when “The Busy Corner” —This machine has the Westinghouse motor built-in-the-head! the machine and not the nating or direct current—110 volts—at a a sun spot faced the earth squarely. As for the influence of this varia- tion upon weather, Dr. Abbot showed that it had been determined closely enough so far to justify the Argentine government in making weekly fore- casts from solar radiation data fur- nished by the Smithsonian Observa- tory in Calama, Chill. These forecasts are not given away, but sold to Ar- gentine business men and farme; who find them of sufficleat value to ntinue buying them after seven years’ trial. The influence of solar varation upon weather, Dr. Abbot said, is by 10 means simple. Increased radiation, in fact, portends lower temperatures for our eastern American cities. This s due to the action of the winds which circle aboug areas of high and low pressure. Sofar variation causes the pressure centers to move, and with them the winds. It is because of these complexities that a change as slight as one-half of 1 per cent in solar radia- tion can produce great changes in tem- perature on &ome parts of the earth. From this fact, Dr. Abbot deduced the necessity of greater accuracy in meas- urements of the solar constant. It is to achleve this result, he said, that the National Geographic Society has do- nated $55,000 to enable Smithsonian astrophysicists to establish a new sta- tion in | stern Hemisp! 0LDS Break a Cold Right Up with “Pape’s Cold Compound” Take two tablets every three hours until three doses are taken. The first dose always gives relief. | The second and third | doses completely break up the cold. Pleasant and safe to take. Contains no quinine or opiates. | Millions use “Pape’s | Cold Compound.” | Price, thirty-five | cents. Druggists’ guarantee it. L) His Heartfelt Prayer. From the Vancouver Province. A church In a certain rural district was sadly in need of repairs. The official board had called a meeting of the parishioners to see what could be done toward ralsing the necessar: funds. One of the wealthiest and stinglest of the adherents of that church arose and sald that he would give $5, and sat down. Just then a bit of plastering fell from the ing and hit him squarely upon the head. , Whereupon he jumped up, looked confused and said: “I—er— I meant I'll give $50!" then resumed his seat again. After a brief silence & volos wa« heard to sal, “O Lord, hit him agai His Hard Luck. From the Farm Life Magazine. A farmer was calling down his hire hand for carrying a lantern on th- way to see his girl. ““The idea!” he exclatmed. “I neve carried no lantern when I went cour ing. I always went in the dark.” “Yes, and look what you got swered the hired man, sadly. LARGE PIMPLES | THREE YEARS On Face, Arms and Neck.! Itched and Burned. Cuticura Healed. * For about three years my face, arms and neck were broken out with large pimples. The pimples itched and burned causing me to scratch and the scratching caused eruptions. The eruptions caused disfigurement, and I could not s at night on account of the irritation. | “T read an advertisement for Cuticura Soap and Ointment and sent for a free sample. It helped me 80 I purchased more and now I am completely healed.” (Signed) Miss B. Lamb, Currie, N. C. Nothing so insures a healthy, clear complezion, soft, smooth hands and glossy, luxuriant hai? as Cuticura Sosp, assisted by Cuti- cura Ointment when necessary. Cu- ticura Talcum {s an ideal powder. Boap 2e. Oftntment 35 and E0e. Talenm Seld "l-' Cuticara Shaving Stick 28¢. Penna. Ave. 8th and D Electric Portable Sewing Machine ordinary attached kind. ost of about On Easy Terms! It is a part of Will operate on either alter« one-third cent an hour, The motor inclosed in the head requires oiling only once a year. $2 Down. e Balance In Week Payments —These Sewing Machines Also on Liberal Terms! “ree Westinghouse” machines are works of art. fashioned into beautiful pieces of furniture, appropriate for any living room or bedroom. And by special arrangement with the makers, Kann's offers them to Washington-women on terms that arc most tempting indeed. These machines when closed make a very handsome piece of furniture, when open. the most modern of sewing machines—they connect with any electric light socket and make 75,000 stitches for one cent. They have the built-in head Westinghouse motor and adjustable knee control. A $20 Allowance for Your Old Machine Kann’s—Fourth Floor. —Kann’s has opened a Sewing Machine Repair Shop for all makes of machines. Moderate prices will be a feature of the service.