Evening Star Newspaper, February 26, 1926, Page 29

[N DGR [ o s | os = o | | seammm s [Ty | Toemen . IN CREDIT METHOD lnstallment Sales Held More and More Vital to In- creased Business. BY J. C. ROYLE Bpeoial Dispatch to The Star. NEW YORK, February on the installment plan in 1 total approximately $5, lm(um\l ‘That was the opinion expressed tod: by banker: losely associated merchandising and distributing com panjes. Companies dnance and handle such sales broadening their activities, and method, which for a long time w garded as almost exclusively can, {s now spreading fast in trade circles. As is natural, the first fered under this pian by tributors were automobil mets. The growth of this method of selling, which has made sharp ad vances in the apparel field in recent months, is attributed to the desire of the American people constantly to im- prove their standard of living and to the development of quantity produc- tion with lower costs and stabilized prices by the widening of consumer markets. Plan Held Necessary. Automobile men admit that pro- duction probably would fall off 2.000,- 000 cars a vear if installment seiling were abandoned, and naturally they are anxious to extend this method of sales into for flelds, wr they must come into competition with for eign cars. Up to a few weeks agc these foreign cars were obtainable abroad on a cash bas in a few instances manufacturers are turning closer a tention to the foreign field as the fielc are articles of- sritish dis. s and radio most possible of expunsion, since there | about United one automobile for six persens in the 18 now every States. The trend of installment buying i HELP YOURSELTF TO HEALTH with | 5 anized to the | the encouraged rather than discouraged by many employers; one of the lead- ing companies engaged in the produc tion of certain food products today is constantly urging its employes tc “get in debt for something' worth while,” On the other hand, some economists declare that installment buying it | weakening the purchasing power o the country for the future and point out that the installment buyer alway: ays more than the one who buys for Idea Spreading Rapidly. But, despite the arguments as to the economic soundness of the meth- od, it is admitted that it is growing. | O. 1. Cheney, vice president of the change-Pacific National a4 good many modern stribution belong back with r sofas and crinoline. object of both installment and hand-to-mouth buying is down financing rt\ymnilhlllly and stocks, and ine se turnover,” he said. “To fu buying ahead. nufacturer and retailer are aging the consumer’s anticipa- | tion of needs, But hand-to-mouth buying is also. the revolt of the di ributor inst overloading i ¥ sulesmanship. It i 'orcible feeding."” Pressure of Competition. Pressure of competition and desire for sales volume has led also to the broadening of the policy of leas: ing departments of retail stores. A cording to the Department of Corh- merce, at least 30 per cent of the department store of the country lease one or more departments. The idea is that these leases assure a certain revenue without risk, that they broaden the scope of the store and benefit other departments through the number of additional customers attracted. This policy Is most no- ticeable in medium sized department stores in cities of from 50,000 to 100,000. Some retallers, however, are emphatically opposed to trusting even minor departments to outside or organizations. departments are the cnes most_frequently leased and socalled syndicates have sprung up which lease millinery sections in a number of stores, thus establishing chuing of leased departments for the dis- tribution of their merchandise. i (Copyright. 1026.) COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY BOSTON, February 26.—Two car- goes of Welsh anthracite are being unloaded here and the price of mlu fuel has dropped from $22 to $19 a ton. BOSTON, February 26.——Orders for heavy-welght goods for next Fall are coming in to the American Woolen Co. in satisfactory volume, with worsteds leading. The annual report, due March 8, is expected to show a substantial npentlng profit. SAN FRANCISCO, February 26.— Satisfactory orange prices prevail de- spite estimates that the crop this year will exceed that of last by over 2,000,000 boxes. CHICAGO, February 26—Reports on Winter wheat in Illinois indlcate little Winter damage, although the crop is the latest on record. Corn supplies on farms are liberal, but the movement light because of poor mar- ket conditions. Farm labor Is ample. NEW ORLEANS. February 26.— Mills of the Southern Pine Associa- tion received orders for 77,000,000 feet of lumber last week, a decrease of 3.7 per cent. Production totaled 71, 000,000 feet and shipments 71,700,000. Total unfilled orders are 294,000,000 feet. ATLANTA, February 26.—The ex- cavations for the two huge stores here for R. H. Macy & Co. and Sears, Roebuck & Co., which will cost $5,- 000,000, have been completed and per- mits for active construction issued. KANSAS CITY, February common stock of the C. A. ) Manufacturing Co. has been pur- chased by the Jewett and Sherman Co., spice and pickle manufacturers, of Milwaukee. FEWER FARMS IN STATE. COLUMBIA, Mo., February 26 (Speclal).—The number of farms in Missourl decreased by 2,500 in the last five years and the value of farm buildings in the State slumped $27.- 000,000 in the same time. EARNINGS EXTRA GOOD. Many Corporations Have Just Filed Annual Statements. Special Dispatch 46 The Star. NEW YORK, February 26.—Ap- pearance from day to day of annual statements show very encouraging resu'ts during the past year. One of the most conspicuous of these was General Motors, with earnings of $21 per share on its capital stock, if equities in the undistributed earnings of €ontrolled subsidiaries are included. This comperes with $8.69 during 1924, Unusually encouraging results are the general rule of practically all compantes whose annual reports have of late been appearing. Woolworth earned $9.64 a share, as compared with $7.96 in 1824. Flelschmann earned $13,922,106, as compared with $9.843,233 during the preceding year. United States Realty showed $5.03 per share, as compared with $3.66; Quaker Oats, $39.31 per share, against $37.39; Motor Wheel, $4.32, against $3.76. Similar figures could easily be cited, and with similar results, from many other annual reports that have re- cently been given to the publh W. B. & A. STOCK ACTIVE. Thousand Preferred Shares Change Hands in Two Days. Special Dispatch to The Star. BALTIMORE, February 26.-—There is renewed actlvity on the local Stock Exchange in Washington, Baltimore and Annapolis proferred, more than 2 thousand shares changing hands at 2514 the past two days. While no ef- forts were made to bid up the stock, all offerings at that price were quickly taken. The belief is general that the Aldred group will have some an- nouncement to make about the future of the road during the Spring or early Summer and that the recent buying of both the stock and the company's bonds have been for these interests. e INTEREST RATE CUT. BERLIN, February 26 (®).—The Relchsbank today lowered the rate of interest on advances from 10 to 9 per cent. The discount rates remain un- changed. Laggmg feet and longing hearts THE third dance . . . and tired, utterly tired . « . sinking into the first chair— there perhaps to spend the rest of the evening. This was not the vivacious girl ehe had been a few years ago. Then thirty dances would have been her portion. What tragedy was this, that she, so young, should seem so old. What tragedy indeed is constipation— one of the worst diseases to afflict the human race. It saps strength. It thieves beauty. It poisons. It ages its victims long before their time. But the hopeful part of it is—constipation can be safely and per- manently relieved without the use of habit- forming pills and drugs. Kellogg's ALL- BRAN is the answer. No matter if constipation has become chronic, Kellogg's ALL- BRAN will bring perma- nent relief. This is why: Bran — ALL-BRAN — goes completely through the system without chang- ing fiber. It is what doc- tors call a bulk food, a necessary aid to regular elimination. As ALL-BRAN Jjour- nieys through the intes- tinal tract, it stimulates the flow of digestive juices. It sweeps and cleans, and rouses a sluggish intestine to natural, healthy action. It is nature’s own way of ridding the body of the poison of digestion. Contrast this natural action with the irritating effect of habit-forming drugs and pills which lose their effectiveness unless the dose is increased constantly. Eat at least two tablespoonfuls of manent Kellogg's ALL-BRAN every day—in chronic cases, with every meal. If eaten regularly, it is guaranteed to bring pers relief, or your grocer returns the purchase price. Its delightful nutty flavor makes it good as a cereal. Serve with milk or cream alone or with fresh or preserved fruit; with other cereals or cook in hot cereals; in soups, or in the recipes given KNOW THE TRUTH ABOUT BRAN To be effective, bran fiber must go through the various digestive processes without submitting to any of them. It must pass (hmv'b the entire alimentary tract without its form being changed. What happens when a bran food is eaten? After the saliva has acted upen it, it Ppasses through the stomach and inte the intestines, where every part which is not fiber is absorbed. In ALL-BRAN the quantity of fiber is #0 great that it furnishes bulk enough to prevent and relieve constipation. In a part-bran food, the guantity of fiber is s0 small that there is only a puny amount to do a herculean task. on every package, Look out! Products which are only part bran are doubtful. They bring only partial results—often none at all. Don’t take unnecessary chances. Kellogg's ALL- BRAN is ALL BRAN —100% bran. That's why doctors recommend t. Sold by all grocers and served in leading hotels and restaurants. Mede by Kellogg in Battle Crach iehi FRIDAY FEBRUARY 25, TH28. RAILROAD’S NET GAINS. Maryland and Penneylvania Has Better Year Than 1924. Special Dispatch to The Ster. BALTIMORE, February 26.—An increase in met income of $9,803 over 1924 for the Maryland and Pennsyl- vania Rallroad was reported at the annual meeting of the company's stockholders yesterday. Freight rev- enues of the company were well above those of the previous year, but this gain was partially offset by fur- ther decreases in revenues from pas- senger trains. The decrease in passenger revenue reflects constant increase in the num- ber of privately owned automobiles. ." — Additional reports of railroad earn- ings for January show mixed re. sults. Net operating fncome ¢f the Chesapeake and Ohio advanced to $2,299,180 from $1923979 in Janu- ary, 1925. The Delaware and Hud- son had A net operating deficit of $601,302, against net opemum( in- come o! $295,026, and the New York, Chicago and St. Louis (Nickel Plate) reported net operating income of $760,378, compared with $85,702 a year ago. INQUIRE W, . Woses & Sons Furnitare Carpets Saturdlay, February 27th SBEESRcE B.A 6§ 8RR B R B RS S February Oriental e . All Persians and Chinese Rugs BELGIAN BANK FAILS. Doctored Statements Made for Past 8ix Years. BRUSSELS, February 26 (®).—The suspension of payments by the Credit Foncler of Antwerp, one of the largest banks in Belgium, assumed the pro- portions of a scandal when it was an- nounced yesterday that the Antwerp authorities had arrested six persons, it being charged that the bank is- sued doctoyed statements for the last six years. Those arrested are & doctor and others, officials and former employes and additional arrests are sald to be imminent. The authorities have taken over all the bank’s prop- While the exact figures as to losses are not known, it is belleved they will be large. COAL P@DUCTIOH LOw. POTTSVILLE, Pa., February 26— State mine Inspectors say their five- and-a-half-month’s idleness has soften- ed the hard coal miners’ muscles and this accounts for the low production since the strike was settled. Soup kitchens will be continued until the miners have their first semi-monthly pay day. ABOUT OUR DEFERRED ROAD BEATS RECORDS. New York Central Has Biggest January Passenger Traffic. NEW YORK, February 26 UP).— In its report of revenues and ex- penses for January, the New York Central Rallroad shows the largest Ppassenger earninga in its history for that month, amounting to $8,287,924 an increase of $326,266 over Janua: 1925. Railway operating income, after taxes, equipment rents and joint fa- cility rents, was $4,272,611, an in crease of $587,342. Operating reve- nues gained $683,022 to $30,356,99 while operating expenses also showed @ small increace of $16,521. e SEEKS NEW CHARTER. BALTIMORE, February ). — The Rustless Iron Corporation of America has filed with the Maryland Tax Commission a certificate of in. corporation with 105,000 shares of au. thorized capital stock. The capitall zation includes 5,000 shares of 7 pe: cent cumulative preferred stock, value $100, and 5,000 of class A voting and class voting common, both with value. no par FREE AUTOMOBILE PARKING Established 1861 F Street and Eleventh The Final Day cmd the Rug 10 to 33'3 Sale Reductions PAYMENT All Odd and Discontinued Suites and 'Occasional Pieces, 3 to Y2 Former Prices DIVIDEND OMITTED. Buffalo & Susquehanna Reports Drop in Earnings. NEW YORK, February 26 (P).— Directors of the Buffalo and Susque- hanna Raflroad Corporation have omitted the regular quarterly divi dend on the common, usually payable March 3% The first payment was 75 cents December 30, and prior to that $1.75, which had been paid regu larly since 1916. Extra dividends of $10 were paid in 1922 and 1923 and $2.50 in 1924. The road is a hard coaler, independently owned. Net operating income for 1925 fell to $103 . from $238,628 In 1924 FRENCH BUDGET CuT. PARIS, February 26 (#)—The gou ernment was defeated this morning during discussion of the pr appropriations for March. necessitate by the failure of Parliument 1o pass the budget The chamber, 246. nccepted & prope clalist Deputy Mistral reducing the zppropriation for Morocco by 1,000,001 francs, although War Minister Pai leve opposed the reduction The question of confidence in ths government was not involved. PLAN Upllohury R B O Purchases Forwarded Prepaid to Any Shipping Point in the U. S. INQUIRE ABOUT OUR DEFERRED PAYMENT PLAN