Evening Star Newspaper, December 22, 1925, Page 29

THE EVENI + STAR, WASHINGTON, D. C., UESDAY, DECEMBER 22, 29~ RUBBER INDUSTRY PROBE GRATIFYING Dealers Declare Foreign Producers Must Not Be Driven From Trade. BY J. C. ROYLE. Special Dispatch to Th NEW YORK. December 22— and dealers here tion today that thi tee on_inte commerce of the a tives. But they were tin point- | ing out that for America to have no adequate supply of such raw ma terfals was infinitely worse than to have a supply even at extremely high prices. In other wors that produ available with! country must business. This was made spe plain in co jon with ru Throughout the Fall crx sumption reached ever known &t this se despite the high price stocks have been decln time manufacturers a g crude. If the automobile ade the position hoped for it nex tire makers will have to have crude rubber {n large quantities. Rubber Production Growing. under the spu but it can odities mot | artes of this | en out of ie rubber con- | righest point the vear, | rot grow any faster t an nature lows. Tt requires betwee CVen vears sor w ruober to come into beari Amer facturers who own plantations in the every effort, to in- Men and ‘equip patched to Liberia in the last fortnizht to construct terminals and transportation f In connection with shipments fr Firestone co ions in that country. However, rubber from all these sources ily be limited in sy y pric = Which the investigation is pr directed. will run approximate per cent of capacity, but world's con. sumption this ve: has been 155.000 long tons heavier than world produc tion, Oppose Firestone Scheme. Iinglish producers say of the Li-| N situation that the quality of | n rubber is poor. ompany offi s obviously antagonistic to the Firestone scheme, hut they declare that since the entire working populiation of Liberia is less than the number of men Firestone ex rects to employ, 1 that the planta tions already in 1 g are small, it will be some time before supplies 2 ounted on that much ned than y. But rubber men say that | @ certain part of the material needed can consist of reclaimed rub-| ber, and that the latter must be mixed with fresh crude supplies. B. & 0. RAILROAD WILL NOTE 98TH CHRISTMAS Maryland Granted Charter on Feb-| ruary 28, 182V—Reached | saya the midmonth revie | of the Irving Bank. Ohio River in 1852. This is the ninety-eighth Chris of the Baltimore and Ohio Rail and with the dawn of New Year d: Y. | 1926, the company will be nearing the | completion of 99 | since the charter granted by the State | of Maryland, February 28, 1827. Of the many Yulet through | which the company has passed, prob- ably none has more significance than Christmas, | and | connect by rail Baltimore, Md., with | the Ohfo River, the determination of the founders of the company was ac- | complished. The object of the Baitimore & creation. as stipulated in th “‘to construct two or mo rail from Baltimore to i na. per cent obligation due April 1, 1940, and t offered in 1920. This is a direct obligation of the republic, but; deemable April 1, 19 are special of ilmdr‘ or industr; | 000 in 1 | The O | ment und betterment EVERYMAN’S 1 INVESTMENTS | BY G;n_u(.r, T. HUGHES. i Poland’s Dollar Bonds. | ‘olund bonds payable in American | jol and listed on the New Yorl < Exchanse. Both sell to give! high ret ied by the short I epublic, which has bec miy since the war, an hat the new republic is bordered on e side by Russia and on the othe by Germany, with the feeling in bot nstances tar from cordial. Then, to during the Polish territory w levastated and the new governmen! fus bad & vast amount of reconstruc- | tion to do. The financial problem was | =xtremely difficult and still is for that | watter. Of the two issues the older is the § is not specifically secured. It is re-| 30, at par value,! hat price. More the S per cent issue, of- nd outstanding to the .000.000. These are due t 105 per cent Jan 1. 1950, and are redeemable on and after January 1, 1957, at 105, or at the same price at | uny time for the sinking fund, the! latter operating to call by lot one.! fiftieth of the totul amount lssued semi-annuall. The S per cent bonds| - secured by the revenues | from the sugar tax and by the gross! eipts of the government railroads. ht to Le ample to take care but sells far below important however, that no one should buy Polish. bonds for in- vestment who is unable or unwilling to keep himself informed about polit. 1 developments in that part of the rid and about the status of Polish | There is an active market S per cent bonds, but the 68! are not dealt in on so large a scale. (Copyright. 1925.) REPORTS COLORADO BANKS ARE SOLID Federal Reserve Official Says.’l’res-‘ ent Failures Were Largely Duec to One Man. special Dispateh to The Star. | NEW YORK, December 22.—W. J. | Wailer., zovernor of the Federal Re. ! serve Bank of the tenth district, which includes Colorado. deeclared today | that the failure of two national bunks | in Denver, followed by the closing of three State institutions, had not endangered the situation in \,‘Olomdol in general, H “The ation in Denver is not | he satd. It was due | hat=is supposed to have action of one man exten H ivg his credit in buying bank stocks | and then trying to carry it ail. H “There is no disturbance in Colorado | and evervthing is apparently quiet. There has been no unusual discount. | ing. The trouble is over and there ! is a good chance most of the t'Ifl\od[ banks will be reopened in a short | time. The other banks in Denver ! are in fine shape.” ! PROSPERITY EXPECTED | TO REMAIN LONG TIME| " YORK, Decembe: i of busin f lumbia Trust | Co., “eonfirmation is at hand of| nation-wide prosperity on a broader | scale than we have ever known be-| fore. A comparative table of the| profits in several oups of industries | rs of existence | affords further conerete evidence of | the excellent growih of business of} the year mow ending, and supvorts| the view that there are no major fac- tors now in sight which seem likely to cause any severe reaction upon BUSINESS TOPICS. H ST. PAUL. December 22.—The Great | Northern Railroad will spend $22.000.- | 5 on improvement, including | for a tunnel in the Cas-| e mileage and grades. | re: iinder will go for new equip- | 0 the main River'—was realized on Chri S {line to Seattle. The at Northern e, 1852. On that dayv. the golden | s making 110-pound standard ! «pike completing the line from Bal- | \iith 130-pound rails on curves i ore to YWheeling. a distance of = S miles, was driven at Rosebys Rock, W. Va. 18 miles cast of Wheeling. Iosebys Rock is the poini where the two construction forces met, the one building the road westward toward Wheeling and the other working east ward stretching o meet it. A week later, New 1853, the own monument. It | Rock in honor Nature's amed Roseby com two of the most important in the comy s history are in stone—tl Stone.” | 1y, 1528, com: oming of the on Christ- | eve, the project. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY December 22.—The ‘0. has sold ahoma nine p ne towns to Armour & Co. T price was not made public, but the plants sve expected to do a business of about $150.000.000 annually. a 22.—Christ iing higher this since 1920, o ranging from 55 to 1 und birds not plent- s a pound n.. Decem- Centrai Co-Operative | “ommission Aseociation | 000 this 3 The as- | socjation is the lar 1 ock sell- | ing firm in the country cperating at | only one market. | SHREVEPORT. La.. December A | The Uran . fleld in the qu it week got s first flowing well with- ere has been con- ¥ in Caddo parish fol- | lowing the bringing in of the first Trinity sand gusher by the Dixle’ il Co. 4 i PHILADELP! December 22, Christmas tree: re in ample supply here, and prices range fron'§1 to $10, according to size. This is about the’ samé range as last vear. DETROIT. December 22. -The Chrysler Corporation this year ship- ped 136,000 cars, an increase of 69 | per- cent over the shipments in 1924.° BUTLER, Mo., December 22.—The Darby Fruit Farm, consisting of 840 acres, in Bates County, has been sold | by the Darby Investment Co. of Phil- | adelphia to Henry W. Whittington of Decatur, 1il., for $210,000. e o the O | frivolous and fond of pleasure. this achieve- | = CLEVELA aggregate resources 2,000,000,000. This is a According to an old belief Christ- mas day brides are inclined to be| % ‘What's the matter. Santa Claus ?” y back’s most | broken, child, becaus ? . With such heaps of goodies each day I toil To the Happiness Store near the Palais Royal” It’s a shame to i maktc(osnc po%rl old) [ ent (Santa Claus gtote all those Evangeline Chocolates into the new Happiness Store { when it takes 10,000 | people (estimated ) ‘to carry them away. It’s some store — in fact,it’s Santa Claus’ whiskers. Candy-~ Soda-~ Tea’Room 1107 F. St N. W. P et IRECKLESS SPECULATION Florida Bankers Quoted as Alarmed ere ave two issues of Republic of | Srccial Dispatch to The Star. ers and conservative business men in s, a fact easily ex-| I Petersburg, Fla.,, where he attended IN LAND IS DEPLORED |the convention of the Investment Bankers' Assoclation of America. Continuing, Mr. Legg sald: “Miami dnd oher clties and towns in Florida are growing rapidly, anc DYAWAN s diog tnand !will continue to go ahead after the in State. ! excitement due to the land boom dies 4 out. Substantial bulldings are going up in all parts of Florida, and they BALTIMORE, December 22.—"“Bank-| are being oceupled as fast os they are completed. No man can say when m-l gambling in land will come to an end, lorida deplore as much as do out-|puc the leading financial and business jr., who'has just returned from St. Fi!‘St Sh.ipment Of Strawberries $3.25 Per Quart Special Dispatch to The Star NEW YORK, December A shipment of Florida strawberries consisting of 48 quarts, arrived in the local market today and sold 1925. % a high record for all {ime, according to reports in the financial district. 50 PER CENT GAIN Gross earnings for the year are ex- IN LINE'S INCOME 3555c? (o, o eica st v the figures were $7,362,000. Net earn- ings in 1924 amounted to $837,721, or Merchants and Miners' Earnings $17.45 per share on the 48,000 shares (par value $100) then outstanding. During Year Will Smash All Tt is the Florida business that is! Previous Records. vielding the larger share of profits| this year. Fach vessel in this serv- ice sails with full cabins. Freight busi- | ness, too, is excellent—especially the transportation of automobiles. All available deck space on both north Srecici Dispatch to The Star. in existence in that State and would do almost any: tory of the|stders tae reckless speculation in land | interests of the State are doing their | by the fact{thing to check it.” said John C. Legg, | nost to control what is becoming| Promptly at §3. angerous situation.” condltion of the fruit was excellent. | BALTIMORE, December 22.—karn- ings of the Merchants a: 5 per quart. The INQUIR[:' ABOUT OUR DEFERRED PAYMENT PLAN W. B. Moses & Sons Furniture Carpets F Street and Eleventh Free Automobile Parking Established . 1861 and south bound vessels is practically Miners' | covered with motor cars. Transportation Co. for 1925 will seti Today the steamship company is! without nominal or par value. Linens Upholstery operating 17 freight and passenger vessels, aggregating §1,784 tons. In addition it has 3 tugs and 43 lighters | Three new vessels are building. The. |- first will enter service in the Sprine. the second in Midsummer and the third in the Fall of 1926. . NEW FIRM COMPLETED. NEW YORK, December 22 () The Swedish-American Corporation has been incorporated by the Corpo ration Trust Co. of America to deal in securities of all kinds. Its capital zation consists of 250,000 shares pa: ticipating preferred stock of $100 par and 500,000 shares of common stuch Make This a Furniture Christmas Furniture, the Gift Enduring. A Gift of Furniture Is One That Will Be Sure To Please Not Only at the Moment of Presentation, But Through the Years to Come. Purchases Made on Tuesday, Wednesday or Thursday Will Be Delivered Before Xmas Day Furniture for Gifts Mahogany End Tables Nest of Tables. .. Solid Mahogany Martha W Cabinet Solid Mahogany Priscilla Sewing Cabinet..... $8.75 Smoking Cabinets Cabinet Desks Mahogany Frame Console Panel Mirrors, for mantel $4.50 Up o......822.00 Up ashington Sewing $19.75 Mirrors or buffet Solid Mahogany Spinet Desks. . Walnut and Gum Drop-lid Desks Solid Mahogany Desk Cha Handkerchiefs - —the Always Wel- come Gift Women's Gift Handker- chiefs, hand-embroidered on pure linen. 25¢ Each Women's Hand-embroi- dered Pure Linen Hand- kerchiefs, carefully as- sembled patterns. Hand- kerchiefs that we are proud of. 5 50c Each Women’s Fancy Lace- trimmed Handkerchiefs and Fancy Novelty Gift Handkerchiefs from 50c to $2.50 Each Men’s Gift Handker- chiefs start at 25c each —white linen with 14- inch hemstitched ends-- and go up to $2.50 Each $49.00 irs $12.50 Smoking Stands Mahogany Smoking Stand.... Mahogany Smoker with handle Brass Smoker Metal Smoker with match tray Smoker with Humidor Ladies' Ivory Decorated Smoker. - Smoking Cabinet in mahogany ......$17.00 Smoking Cabinet in walnut.............$23.00 Brass Smoking Set on Pedestal. ..........$27.00 Cane-back Chair, spring seat Children’s Rockers........ Maple and Gum Secretaries................$120.00 Mahogany and Gum Secretaries...... Occasional Chair in cut velour Cogswell Chair in cut velour High-back Armchair Rocker in wool tapestry..$47.50 High-back Wing Rocker in mohair Adjustable-back Chair in tapestry. Arm Rocker in mohair, cane back and tapestry .$95.00 $54.00 .$75.00 .$45.00 ... $48.00 LinenShop Madeira hand-embroi- dered pure Napkins. .25 Dozen linen Tea “Congress” Crinkl e Bed Sets (spread and sham to match), in rose, Mossoul Scatter Size Rugs Pequot Cotton blue and gold. ‘ $4.75 Set hem- stitched Pillowcases,sizes In Two Groups Average Jize 315x5 Group No. 2 $51.75 Group No. 1 $38.25 Turkish Rugs--Hand Tufted e §125 s §110 2 $75 INQUIRE ABOUT Obk DEFERRED PAYMENT PLAN Purchases Ferwarded Propaid te Any Shipping Peint in the U. S. ~ & 42x36 inches, 45¢ Each linen hand-em- broidered Guest Towels, 85¢ Each Ll