Evening Star Newspaper, December 6, 1925, Page 109

RESORTS. THE SUNDAY RESORTS, RESORTS. TER PALM BEACH. FLA. GREATER PALM BEACH. FLA. 4;Ell!il!|§lll|lfl|il“l!IHIIHIHHHHIliliilhlltluzl!' (i T GREATER PALM BEACH “4th City of The World” “New York, London, Paris, Palm Beach.” So runs the address of many an important firm. Greager Palm Beach — Palm Beach and West Palm Beach—is the setting for real commercial achievement. Over forty million dollars invested this year in new hotels, homes, apartments and commercial buildings—-the year 'round popula- tion increased 50 per cent. Only 36 hours from New York and the outlet for a rich, fertile back country producing three and four crops a year. Nearest beach to the warm Gulf Stream—enjoyable hath- ing all winter. The capital city of Pleasure and Recreation —exhilaratifg in its social brilliance, climate, scenic beauty and Optimism. Live, play and prosper with us m B ortda ** Where Summer Spends the Winter”” T Davtona Beach, one of the oldest yet the newest city of Florida, was created this sum- mer through the cousolidation of the three former cities of Daytona, Daytona Beach and Seabreeze. “The new city ranks seventh in the state and offers a new combination of vacation attractiveness and business op- portunity. Here is all the enjovment of Florda's cli- mate and outdoor recreations—surf bathing, boating, fishing, golf, etc. in a fast growing citv. Best accom- modations. Our picture book tells the story. Mail cou- pen below. DAYTONA BEACH “FLORLIDA- | PAYTONA BEACH CHAMBER OF COMMERCE 304 Chamber of Commerce Building. Daytona. Flovida Please send booklet to Address FTORID Y You need Florida —its Golden East Coast You need wide beaches with sunshine on them. You need air—languorous air of the tro- . e . pics that goes down deep in your lungs. You need sleep that smooths away every kink in your nerves—and stays eight hours ! You need golf thru long hours of care- free delight . . . where the green fairway stretches away before you into the splen- dor of a tropic sunset. Florida golf! You need to get that body of yours into salt water. You need to lie on a silver beach and half close your eyes in the sunshine; the swell and pulse of a long surf, growling in.... You need scenes you never saw before— colors, sounds, thrills—a life as exciting and changeful as a voyage of discovery. stem) Hotels, | the American n, open as follows ST. AUGUSTINE asar D The Florida East Coast| Through Pallman trains and throush siccpers from im. portant aties to all East Coast Retorts, ncluding Key Wert via Oversea Extension for Havana, Cuba = ORMOND-ON-THE-HALIFAX _| Ormond - an. 2| PALM BEACH i Royal Poin = Dec 24! Breakers Rebuilding | Booklet containing list of hotels and other information supplied upon request FLORIDA EAST COAST RAILWAY COMPANY FLORIDA EAST COAST NOTEL COMPANY [ lagler System) New York Offce 2 Wast 45th Strese Phone : Murray Hill 4411 General Offices—St. Augustine, Florida %EAST COAST/ LORIDA If you believed— yowd find immaculate house- keeping, good music, best of food and service, you'd wite to GALEN HALL ATLANTIC CITY, N. J. for bills of fare and rates today. Specially attractive rates during November and December ATLANTIC CITY'S NEW HOTEL IROQUOIS SOUTR CAROLINA AVE. NEAR BEACH Furopean P'lan Room with running water - $1.50 and $2.00 Room with private bath, £2.50, $3.0 and $4.00 Ame. Room with running water Room with private bath - Radio and teleph: Fireprool £ R B.Ludy. M.D., Owner. - $3.50 and $4.00 + $5.00 and $6.00 —— | (L seloction of the choicest corners MIAMI| ~FLOR IDA Fireproof American Plan Open October 1st to May Ist The finest and most modern hotel in Miami, combining location, ele- gance, refinement, comfort and hos- pitality, without extravagance. Ex- cellent cuisine. Splendid orchestra. Dancing. Emergency Steam Heat System. Capacity 250. Booklet on request W N URMEY. Pres FATIO DUNHAM, Mg« Da FLORIDAS GREAGEST CiTv Whether you seek health, hap piness._opportunity. or all three. Tampa offers them full measure. A delighttul cli- mate. everv facility for sport and pleasure. business and in- vestment opportunities almost bevond limit—all these vou will find n this gay Florida resert. this busy industrial, commercial v, and grea port. Tampa presents amaz- ing oop 115 of the most blesort Booklet on request TAMPA BOARD OF TRADE 1. 0. Box 9089, Tampa. Fla Famous bathing —finest beach on the { West Coast, with & new million dollar causeway. Golfon threeof Flo: | tiest 18-hole courses witn gras Charming climate for outdoor sport Sailing. Ashing. motoring, good roads picturesque country. Lawn Bowling. Roque, Tennis and Hors shoeCourts. Checker and Chess Pavilions, Fine Tourist Club House, Good Theat Wonderful business and in- vestment opportunities. Big League Bascball Daily Band Concerts Attractive hotel, apartment and home accom- modations. HIGHEST ELEVATION ON EITHER COAST Handsome, illustrated book- let or any desired information sent free on request. Address CLEARWATER CHAMSER OF COMMERCE Dept. 13, Clearwater, Florida of an Come to St. Petersburg, the Sunshine City, where the sun shines 360 days of the year— fun for Bathing, and where there's every sunny hour. hoating and fishing in _the Gulf and Tampa Bay. Golf, tennis, rogie, lawn bowling, Band concerts Varied entertain- ment. Splendid accommeda- tions, Old-time hospitality. For booklet address A. D. DILLMAN Chamber of Commerce $tPetersburg ifififi; twice da | STAR, WASHINGTON, D. C, IREAL ESTATE VALUES FORM PART OF “CONCEALED ASSETS” [m'-rease in Values of Stocks and Bonds Held for In- vestment Reaches Large Total—Conclusion of Special Local Bank Review. BY I 1 eral rule. Concealed his city must j lions of dolla It is not the intention he impression that our good are hiding something either collection or from their s @ matter fact. assets of description mply do not show the books and their creation b “ond husiness, hecause the | value is there, with the added 1o the hank it resources in the event of need in: There have not been many b e e s where the reaction has con- amount to many mil- | tinued and the ity practically eliminated from tr lists, With the on banks A. FLEMI instanc sec tin recovery much to convey il bonds money. but it zures until such ne as the aciual sale has been made and the profii turned i anks oceasionally me . They admit it, and as 2 rule they all admit the impeachment, although the ultra-conservative offictal and the trust company that e 8 1 security on practically every . zenerally manage to avoid doesn’t sh i ] he greater part of such value in the act lue of the land ied by the For Not infrequently the loss sustained stance, the I ged off from the books of the thack in 1914 ¢ - ank -very prompuy by some and on ing and prope the order of the bank examiner for many real estate ope others. A late controller of the cur- gladiy agree to realize sev veney. .S, Willlams. caused amount for that chavging off in this eity HLZIES Occasionally. i o is partially Iy entirely re- se of the loan to Utilities by a syndi the collateral nmon stock and Elec- this case ap- but in place of losing miade full recovery Americ: choice plot of Loss Comes Bae Sometines have long been leaders in the loss i for their business and many the {almost invaluable. It would be a enlighteni document this question cealed assels S t in deadly j {ations of and realty by Assessor E his @ and the sch 1 t which 4 banks carry their u Muny banks have housed them- ghe selves more in keeping with the day and the volume of business thun they were back in 1914 when the great boom started following the period of depression attendant on the open- ing of the great war It has been {the rule rather than the exception In this respect of this city are to be found well with the 1 York and other t yurs are nost on of con compare val mide les the assessed peared s entire bankers out clean. partial recovery of losses repayment covering a long full credit not taken until settlewient. Therein is an ce of more or less important More Encouragement to Youth. In addition that has Lanks thr many ne the encou the v creatic to e very presidents of there hiive been o young men moved up 1o the rank of vice president In the olden days the cashier considered i listinet portunce, but o [ fonable couple the nt and cashier chances are f an upst oung mar of the of SHes anks, much Another Concealed Asset was W trust companies i make investments in | stocks and bond: National Lanks jare allowed to Invest in bonds, and millions of dollars’ worth are carried {being purchased when money | | surfeit. as a4 means of emplovment All banks purch mor although natior only maturities of less than one vear. | They may also tuke over in i settiement of accounts protect | themselves from lo; | As a rule, bar { purchases when the {low basis. They have i the money available. phold for the is bunking uing the presentation of the ) September 1914 eptember 28, 1925, we wing I Bank Comparisons. AMERICAN NATIONAL BANK make their bond prices are on confider nd nd Mways 21000000 + 30,000 y 0o R07000 DISTRIC T10.000 Hotel BERMUDIANA Ocerlooking Hamiltor Harbor en i Bermuda’s Newest and R AN Most Palatial Hotel (Oposs Domber 30583 ATERING to most discrimi- natig clientele — accom. modatioas for four hundred and sixty guests. Fireproof throughout. Fifteen acres tropical gardens, tennis, golf, bathing, sailing, dancing, ctc. For bookler e | wrofits Iing “LIBERTY FURNESS BERMUDA LINE 34 Whihall S, Newc Y T390 LINCOLN 300,000 100000 £400.000 AUCTION SALES. 200,000 URF. D. 0 James B. Dixgs and Joh: Schilpp, 841 Calvert Building TRUSTEE’S SALE ALL THE VALUABLE HOTEL, DINING ROOM, KITCHEN AND OFFICE FURNITURE, FIXTURES AND EQUIPMENT, CHATTELS AND PERSONAL PROPERTY | | BEING THE FURNITURE _|biii: ‘thdle : URAY_ HOT (FORMERLY CALLED LIBERTY HOTEL) TO BE SOLD ON THE PREMISES . 1433-1435-1437-1439 NORTH ! CHARLES STREET BALTIMORE, MD. Shfoiin : *158000 BEING DIRECTLY OPPOSITE | Fidi e irofit- THE_UNION STATION PENNSYLVANIA RAILROAD | c:niiat THIS IS AN IDEAL AND |%idiied proiis = MOST DESIRABLE e H%TNELTIGOBCSZION 0 \?w‘ part of A'm(“ru‘:r;(ir:‘}l‘r:(v & Trust) DECEMBER 8, 1925 {COMMENCING AT 10 A.M. |, Bank 19887 INDUSTRIA pital s The atove Hotel Dining Room and of. | SiFnitl fice Equipment will first be offered as an | Chdivided profits | entirety. and ) the highest bid so received | Bank balding 1300 | moets " with the ' approval of the Trastees : the entire equipment Wil he sold 11 that NORTH CAPITOL $87.900 Pad¥ided o 7t Bk butldy 130500 NATIONAL BANK OF WASHINGTON. 50. S1.0: $1.050.0 400. ding NATIONAL ( ded profits 7 i building. 4 SECOND NATIONAL 4, “ndivided profits. ank bullding. Savings Bank Comparisons. COMMERCE AND SAVINGS. EAST WASHINGTON. $100.000 $100.000 34,750 100,900 building manner: it the bid &0 received does mnot meet with the approval of the ' Trustee, Shen the entiro cquipment will ‘be sold in etal In the event of the Equipment being sold in detail. the g0ods must be removed from the premises by noon Friday. December J1th. 1925, Terms of Swle: Cash. It the property is sold as an entirety, a deposit of $1.000 will be required at time of sale. and ' the balance must be paid in taking possession of the property. w! sha not be later than December 11th. 1925 The Trustee has authority from present purchaser and lease re- Capital Surplue .. Undivided ‘profits Bank building. Organizing expensest McLACHLE: 13.000 104951 Canital . Shrpits "1 3 Undivided profits. - PARK Capital . Thaivided it Bank building surplus ... 0.000 350009 ' lease to g o “1e “Willing 15 eive arty i JOHN G. SCHILPP, Fustee. N. B. LOBE & CO. EVENTH STREET. $100.000 25,000 Canital Suenine 7 much | re | ement | 090 | Tndivided profits 2 | Bank | DECEMBER 6, 1925—PART 6. ] ' HOW IS BUSINESS? Showing Current Business Activity Compared With the Same Week a Year Ago. GENERAL BUSINESS the coumery s ACTIVITY for whola, Tndicased by Bemk Dubies euasda Now Yok, emmpured i the vama weak of Lo peare 7 ACTIVITY BY FEDERAL RESERVE DISTRICTS Check Transactions compared with the orresponding week of Last year Showing trend of Business in Dollars (Quds Casbed) Employment Dewe. ofLabed . Wages Dweoflabed . . . . Cost of Living liad. Ceat. Beestl . ‘Wholesale Prices [Fabe's Indm] Agricultural Prices [Dee. of Agi] Retail Trade (Fed Res. Board] . . Wholesale Trade (Fed. Re. Bessd] Failures (Dw) . . . . . Bond Prices (Assaie] A Stock Prices (Asmeim) . . Stock Mkt. Vol. [Shares Traded! Compiled and Copyrighted by 'Financial Highlight Special Dispat The NEW YO i Stocks ave < (@verage of 40 issues) i | Bor s H n bonds (average of 10 issues) Fori | | Federai reserv { Money rates Calil ratio . 1 New York i ‘Time Untilled steel orders Pig iron production Buildin Number Amount ommercial fa Number 1 { | | permits of cities commodities ain and grain produc al and coke Forest products Miscellaneous products Movement of Goods (Cer Lesdmg | important facors Present Tread Steady Increasing Increasing Steady Rising Steady Steady Increasing Increasing Steady Rising Mized Dedining mbridgs Associates. Bostom +29.2 —16:7 of Past Week Brought Out in Nutshell by 5.4 44,047 18 80 49, POTOMAC. $100.000 300174 094 1 Koli60 37183 | SECURITY SAVINGS & COMMERCIAL Capita $100.000 us aded profits building UNITED STATES building Capy Cndivided Bank b Vided ‘profits *Ae of May 13, 1 “i orranized In Conclusion This then concludes the review started two weeks ago on the banking business of Washington covering the vears from 1907 to 1923, really going ! back to 1905. An effort has been made to be im partial and to be as near correct a possible. It errors or crept in, correction made. | BALTIMORE LIVi-Z STOCK. BALTIMORE, Md.. (Special). ruled steady to firm the past week and especiaily on choice Spring lambs, which are scarce and wanted at full quotations. Demand for beef cattle continues quiet and centered on first quality stock, while common to ordinary cattle are slow sale at the lower values. Quotations today at Light street wharf: Beef cattle—Tirst quality, pound, 9a10; common to medium, pound. 5a8: bulls, as to_quality, pound, 4as 3 choice to fancy, pound, 4a mon to fair, pound, 2a3: Oxen, quality, 4a; milk _cows, choice to fancy, head, 50.00a75.00; common to fair, head, 30.00850.00: calves, veal, choice, pound, 14%al: ordinary to medium, pound, 12al4: rough and common, pound, 8al0; small pound, 8a10. Sheep—Choice, pound, 5aé; old bucks, pound, 3a4; common, pound, 2a3; lambs, Spring. choice, pound, 16; fair to good, 12al4; common, thin, pound, 8a10. Hogs—Straight, pound, 12a13; sows, pound, 10all; stags and boars, pound, 5a7; live pigs, pound, 12a13; shoats, pound, 10al1. misstatements have will be gladly December Auctioneers, Baltimore, Md. | AUCTIV: SALES. __FUTURE D. AYS. 'ORIENTAL RUGS BY PUBLIC AUCTION AT, WESCHLER’S 920 Pennsylvania Ave. NNW. WEDNESDAY, DEC. 9th Commencing 2 P.M. shah, Sarouk, Bokhara, Lilahan, Fereghan, Sereband, Tebriz, Serapi, Mahal (one 12x20), Hamadan, Kiva-Bokhara, Anatolian, an, Karabaugh, Belouchistan, Cashmere, Kazak, Cabistan, Persian Runners, Bokhara Saddle Bags, Anatolian Mats and Berl Carpet about 14x18, by order of an estate, and High-Grade Chi Carpets. On view Tuesday afternoon and morning of sale. Terms: Cash. Adam A. Weschler & Son, Aucts. FOREIGN EXCHANGE. NEW YORK. December 5 (#).— Foreign exchanges, irregular; quota- tions in cents: Great Britain, demand, 485 1.16; cables, 485 7-16; 60-day bills on banks, 481. France, demand, 3.86, cables, 3.87. Italy, demand, 4.03; cables, 4.03%. Demand: Belgium, 4.52%; Germany, 23.80; Holland, 40.1 Norway, 20.37; Sweden, 26.73; De 24.99; Switzerland, 19.29; Spain, 14.21 Greece, 1.34; Poland, 13.00; Czechoslovakia, 2.96; Jugoslavia, 1.77%; Austria, 14%; Rumania, 46; Argentina, 41.50; Brazil, 14.06; Tokio, 43; Shang- hai, 77%; Montreal, 100 1.32. WHEAT POOLS TAX EXEMPT. TOPEKA, Kans., December 5 (£).— Wheat pools are exempt from taxa- tion, the Kansas Supreme Court ruled today. The court held that individual members of the pool were subject to taxation for their share in the pool. GETS RAILROAD POST. CHICAGO, December 5 (#).—An- nouncement 'was made today of the appointment of D. E. Mclnnis of Oklahoma City as general solicitor of the Atchison, Railway system. The live cattle market has | culls, | < NEW RAIL MERGER ISNOW REPORTED Coast Line Louisvilie & Nashville In- cluded in Deal. By the Associated Press W YORK controlled by | associates i« 1 { ville St nd the Nash Louis Wall we Street Colo the was given 2 December for the consolidation of the ra lle. re; today, confirmatgn v to the the rise in the stocks of Plans roads Henry Walters and h including ast Line. the Louisville h- Atlant Chatianooga ported under although lackin by vas rumors all three companies to new high records. The Atlantic Ce controls the Louis t Lin ne ville and which in turn controls tha Chattanooga and St eral smaller lines. Lo Wa uls and sev 1l Streg has known for some time that the V interests desired to combine erties under ome system contrel and operation. | XNashville, Louis shares today 179, while Loufsvil | lantic price at 2413 LOUISVILE T, P).—Ofticials K tanooga_and today they rumor of the operating New York. St. knew stems, CHICAGO, jreports of advers Argentina, the May. 19410p31. . November, 1031003 May. 19390p24 Topeka and Santa Fe | for unified Chattanooga rose le a jumped 4 points to above . nd Nashville 141, At ast Line reached a new peak Merger News to Officials. December of the Louisville 1| Nashville and of the Nashville, Chat- Louis raflroad. said nothing merger of of the as reported from CHICAGO GRAIN MARKET. December spired by upturns in other markets, Winnipeg in particular, and by fresh crop conditions in wheat made a sharp advance today in the last half hour of the Board of Trade session. Final quotations were strong at_virtually the day’s top level. == S 5 (®).—In market here High. L 81 BONDS. NEW YORK. December 5 (Special). 1. Asked. 1033, the roads Y INEW HIGH LEVELS N CURS MARKET 1 Oils Very Active in Brief Ses- sion—Week Proves Un- usually Lively. FB - the Assocated NEW YORK. D rend and volune hange toda along simi |the recent spirited { sections. Severa tained prom given suppo {lifting those « Ilevels. Chrysler jat 531 L moved to fof 10 poin Heavy Trading BALTIMORE PRODUCE ALTIMORE 1 1 and | 0 for 25a30 a b Choic fens that will i stock 1 | prevail { dressed choice fre 14.00 4 | will Market steady. but |tast week. | with the der ‘Ir‘ll centered o1 Mixed 1 value tock uncertain meets with | tainable stock | heated rrivals and 1y 75 to 2.25 | dition Native and nearby imple supy ines . shad | quotitions | Lbundred; bru cabbage . 4.00a5.00 a45 bushel: letu bushel: onions s oyster | ) hu Dkins, ndre: 5 to 1.00 bushel cal bushel, and t 1tg. 6.00 4,00 to 8.00 ndre | spinach. bage. 40 to 35 basket SUGAR BIT CHEAPER. NEW YORK. December An easier undertone developed in Tetall sugar market early today ferings were more liberal. Sales ported included 49.000 bags of Cubar from store late vesterday at 4.08 and 0,000 bags for second half e i ips 7 CHICAGO CASH GRAIN CHICAGO, Decembe “Whea No. 2, hard, 1747 75; No. 3, vellow . white, 42%,a42%: No. a12; rye, none; barley. 60a seed. 6 : clover seed 30.50; lard, 13.82; rib: 15.00. Al Jennings, the one-time notorious bandit, and later a preacher, lecturer and movie actor. is now engaged in tLe minlug Lusiuess i Aealco.