Evening Star Newspaper, March 16, 1926, Page 27

'ENING STAR, INSTALLMENT PLAN| [ NEW Yok cure MARKET SELLING GROWING Reaches Peak of $5,000,- 000.000 a Year in U. S.. Trend Still Upward. The in, K rveflected in made by the distribution « merce of the sults of which terdigy he department estimates that 17 ver cent of the entire amount of con- sumer goods sold at retall are dis- vosed of in this manner and the trend 35 still upward. It finds, however, that information concerning the ex- tent and ¢ of the practice is 100 meager Justify conclusion @5 to whether it is an ecoromic men- ace or a legitimate credit development. The Farme nd_Trust Co. imates 1t S worth r itomobiles: machines, um cleaners aphs, furni pianos. j and radio appara- are sold ‘on the installment plan. he General Motors Acceptance Cor- poration’s operations for it vears of cxistence totuled $50: with « loss ratio for 1925 of per cent. Clothing and Radio. 1t is found that, outside of the trades n which it is an established practice, installment selling shows an increase in the clothing und radio trades, that in others, hardware and paints and varnish, its introduction has been strongly resisted “Wherce such large sums are in- volved as the credits represented by | $5,000,000,000 annually,” says the re- port of the Domestic Distribution De- partment, “it was inevitable that some form of financial aid would be evolved and it is found now in the organiza- tion of large numbers of so-called finance companies or commerclal credit companies which were organ- ized first 1 outgrowth of the im mense incre in the production of | antomobiles. At a meeting in Decem- her, 14 ompanies representing 40 per cent of all automobile financ. ing, were organized as the National | Association of Finance Companies No accurate statistics as ta the num- of such companies are available ause the increase had been too apid. Many are purely local or are used only in the sale of one particular device, and they appear and disappear with great frequency. The report continues 1t is i furthe compunies perform a se banks in the supervision and colle ion of small sums. which. heretofore, there hux heen no means of discount ng in the United States, although, for example, in France it is possible to negotiate loans on accounts even ®0 small as one d Added Cost to Consumer. \ principal objection to installment | 5 has been bused upon the add: » the umer of merchand 1t way. This, howev o of turnover il mer- main growth of instalfment has now reached a 000,000,000 annually, is preliminary survey department of domestic the Chamber of Com- United ates, the re- wer mounced yes- vapid which I shing only as that the credit ice for the| sert ness of the re ! ~rned. and it follow tained by who thee [ cour th necessurily | s are g i and not overdone. | s udice has been | prej erea the | of m niethods of the earl Purther exper tice has shown that articles of cons and of more ness it is 1 tion of 1he « thot owne curable payment i ent family e ownership of a declined suntil the be regarded as fron When really han s savings encours maintiine Rt within the Woyen i bl iruble bilie adup inst nee llment houses, with the pra when confined to ble unit value nporary useful i improper amplitica- idea, nd enables | to benefit by the hich it pro- | mimmediate single never could have hoped | cxample, the appar hich justiti the uum cleaner has inimum seems to $2,000 o § e ltment ! of a v an Form. rmoof the small there is an ap-| tha customers | 1menis in order may s new by ¢ conducti i 1 of business. At the oth e is the large reputa- ble department store in which only tinuate Ios contemplated, wit ntly manifested desire 0 dte -their patrons in e Between th of collection methods monthly visits at the | omers o voluntar = by mall by custom- firms ubvious that any di the installment slected articles 11 not burden his omers with the the installment be w material between the (wo since the of cash mer- stal establis) parer shall 1 that the sy ery man 0 de from wes hotes calls or ers of 1o tributor plan for of merchs ordin rles uld rence in price of merchandise pense attenging the sale chandise considerably less than that attending the sale of merchan- ai: the installment plan. GRAIN EXPORTS DROP. 715.000 Blhhel‘. SPn( Abroad Last| Week. Government Reports. from the United week ending March mpared eck. orts ng the )00 bushels as 87,000 the previous issued by the Commerce show the following dee isons for the two weeks: 00 bush against 11 1,00 nst 601,000; inst . none, wheat . against Grain States du ure rtment 00 vats, against 444.000. Canadian g United St against 1, and Canadiun was 199,000 burrel e 201,000; nited b'.ul flour in transit against 207,000, Baltimore Exports Decrease. | Special Dispateh to The Star BALTIMORE. March 16.—IExports through the port of Baltimore last | week showed w decrease of more than two and 2 half million dollars as com- pared with the previous week, while fmports inceeased $280.188, according 1o the weekiy report of the collector of customs. 1imports for the week were § . of which $749,973 was | admitted free, while exports amounted | 1o $1, 5 and consisted principally of steel. copper, tin plate, ofl, lumber, . oil pipe, fertilizers, cornstarch, s vye, lard and starch. and |- D. C. Received by Private Wire BY WILLIAM F. HEFFERNAN. Special Dispatch to The Star. NEW YORK, March 16.—With the general body of curb stocks back to a more normal trading area, fur- ther operations for the rise went on in certain directlons today, at the same time that speculative excesses were being corrected by liquidation in other directions. One of the outstanding points of strength was Auburn Auto, which gained another 3 points. Recent buy- ing of this stock has accompanied re- ports of highly favorable earnings and capacity operations at the company's plants. Other motor shares were in- fluenced by the covering movement in this group on the btu(‘k Exchange, NEW YORK, March 16.—Following is an officlal list of bonds and stocks traded in on the New York Curb Mar- ket toda; Sales in thoysands. b 8 lied Pk 8s.. 1 Allied Bk S0 - 108 s 1 17 Am Gas & El 6s. 13 Am Pow &Lt 6 1 Am Thread C 3 Am W W gs . 19 Anaconda. 6s. 1 Asso G&E 6. 2 At G&W 1SS Bs. 10 B&O RR 8x w! 1 Belgo Can Pap 1 Bell T Can b8 A 3 Beth Stl 78 Boston & 101 Cit Serv 68 2 Git Serv @8 how 153 Cit Serv 78 D. . 40 Cit Serv }'&lfln b 5 Con Gas Balt 53 F 100 7 Cons Tex Bs 87 10 Cosgrove M C B1as 9 udahy 5lae . 1 Detroit Cits, G fl.« 1085 18 Eitingon d 03 08 SRS oar . o 107 3 ik Tirs Bl 14 Galena S 5 General Pet 0s. \vfl Gen Pet Bs 2 Gulf Oil Co Inland Steel 5las Finhen gLt B high P Gs A W Libby McN & L :ilfl‘fll Lix Wineh R E Za 10 Manitoba Pow 78 lnfi‘! Manwtob P 5‘1!\ A 96 Mt Gualsi” 101y \k\ Pac Ry e IR Ohio_Power 8 Otis Steel 65 A 13 Pan-Am Pet 65 35 Paramount B 5% 3 Schulte Real £ 9 Slows Sheff s & So Calif E § SOuthpust PAT: 8 21570 New Vi 351 1 Sun ON1 51 6 § 255505052 222223235352 ;luur‘th LS ',; ite Sew 6. . rebster Mill 8138 9715 s And Na € 3 Rerl € 1 6Ye 8 Clty Cologne Bigs R Uiy Drewien 5 CIty Heideine, 18 Danish Cons 3328 1) > France 7 2 Gen EI Germ 148 3 e Con Min 78 %1 i 1 Hamburg E 5 Ttalian \ ma Biga DRI i Ae ' B 107 Red L 7w, 0313 Tennia 05 10083 Ned oas 04 for Mum Hin_ s Dany, ' STANDARD OIL ISSUES. 181 181 8% in units. B0 Anglo Am Ol 500 Ang A O v l'll 100 Atl Lobos 10 e Scrymacr. 150 Buckeye P I, 6 Continent. 1w (; (',Iuml‘w‘lflnl)\\} ‘: L. 700 Fumble 01 rts ) Humble Oil & R. Hum O & Rn wi lv:!\ "(Yr i ¢ 5 im0 of “Can W fr Pot € Lid. 00 Nat Transit . Ti0 Do Mex Fuiel ‘X’gg p!:ilrll‘ (PV f Gonw v Fainie P T, 10 South_Penn Oil.. 1 28008 O Cal wi. .. 72008 O Ind.* 40(\ S O Kansas 200 8§ O Kentucky.... 200 S O New York 600 Vacuum Ofl.. INDEPENDEN RIEEERCS Hiie S ERESHINIET 1w GRS Salesin | bundreds. 1 Am Contr Oilfids # Am Maracaibo € e 00 at 87 Suburban bs—%1.000 Al oo e 00 Wit s h000 at 810 at AFTER CALL. 0 ik & Trust Co.—<20 at 1560 At PRwy. & Eisc. 45—$2.000 3 1. UNLISTED DEPT. Chapin-Sacks 8% pfd.—5 at 100. Money—Call losos, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. & P. Telephone Bs. ¢! & P. Telephone of Va 5s. Capital Traction RB. R. 8s.... ity & Suburban 8. Georgetown Potomac Potomac E! ;u(ul{)l‘lo ot 3 Wach.. Ale: ML Wash.. Alex. & Mt. V. cifs. Wash:. Balt. & Annap. b Washington' G 5 Washington Gas dh Wash. Rw: Wath BN % e, fgen. MISCELLANEOUS. Paper. Co. 6 Pot. .vm'mmfldmcx Lid ks 101 A 4 Soutiens, DI Aorase STOCKS. PUBLIC UTILITY an Tel. & Telga. pital Traction.. Wllhllll’lol\ Gas. Norfolk Wash. B ‘\:fluh B\\V & ‘Wash. S ‘Steamboat. fd. e 2 Py Ry SESISE 3 3 NATIONAL BAN National Capital.. 5 Columbia Commereial American al-American | American Security & Trust Continental T . v Wash. Loan SAVINGS BANK. Commeree Savings. Washingto ings & Com.. . L"xf"éhq::&”:'uvm- Unite Washington Mechanics FIRE INSURANCE. American Corcoran Firemen's National Union. TITLE INSURANCE. Columbia Title. Real Estate nuscm.LANEan TREASURY CERTIFICATES (Quotations furnished by Redmond & Co.) Paper ptd.. l"euen orage Dl Merchants Trans. & Storage. Merchants' Tran. & Stor. pid. Mergenthler, Linotype, Mige. & Invest Lasteton "Monoty Security Stor: arket, hingte S 4 WUR L STEK dividéad andex righte, Direct to The Star Office notably Durant, Stutz and Ricken backer. The market for oil shares was high ar. The gain in the latest eae eiude ol production figures was too slight to be of significance. Humble Oil reached lower prices, while Vacuum and Imperial of Canada gain- ed fractionally ~Among the South Americans, Carib Syndicate, Venezie lan Petroleum and Mexican Panuco were strong. Music Master stock touched bottom when the annual report showed a defi cit of $420,718. Thermiodyne also changed hands at its lowest prices on record. Stocks of electric refrigerator com panies did better, notably Electric Re- frigeration. Reports were current thit the Serv-El Corporation was planning & recapitalization. Crown Cent. Peie. Euelid 01l . 33 Gibson Oil Cor..". Gult Oil of Pi 62 Lago Oil A 48 Leonard O} 4 Lion Oil. 1 Marland h Mex Panuco ount Prod .. l at Fuel Gas. 3 New Mex Land. 2 Reiter-Foster Oil Salt Ck Prod. 71 Mde W 0 C Wi 1 Warner Quinl 3 Wileox Ol & INDUSTRIALS 1 Aero Sup Mfg B. 10 1 Ala Gt South pfd 9114 Port Cem ias & Elvf Home, Prod. . Lt & Trac pf 10 Pow & Lt n 13 Am Pow & Lt pt 3 Rolling Mills Superpow B n Superp pr pl 880 Gas & Elec Fruit. . new prooting & Mach. 81" T ntrif Pipe Corp “ohn-Hall Marx & Atk pwi Comwith Ed.... Comw P ¢ ons G Balt new ‘ontn Bk A 1 nin Hule B ak 4 Dubitier C&Rad.. 30 Durant Mot 10 Bond & Sh pf 106 B & Sh n Cor ¥ Invest Inc . Refrig .- nginee P TENIIE R P vl 10 Fageol Mot C PIES B Happiness € St I Hav E & U vie. flre Ch°A Tnd Rayon' Cor A 10 Intl Projeet Intl Rwy Reg ? Kraft Checse. uskal & K Landov. Hold ¢ Isbu FI M Tne ey Boews I M ot 84 P& T Baking A ardex B n m Notse Typ A D Mot Trk vie Reo Mot 3 Rickentw 2 Sears Roebic 3 360% 25 20 1y Singer Mg % Serv EI Corp AL 10 Siemp Rad vie 1Snia Viscosa. 1Snia Via ot | South G&P A. 20 South P&L 900 South 1 u( 7, Wis tod, Radio . Timken Axle. . 3 Teans Lux Pie A Tub Art & B vie. 20 i Tung ol Lamp. . 1 Tung & Lamp A Uni EI Soal vte are op w3 oe Mach ¢ Lt & Ht new Rub Reclmg. re_Radio. Wileon & C new Wils & C A _ne 10 Yel Taxi € M ev Utah T M Lad T fld M 6 Kay Copper Corp 4 Ohio Copper. . 30 Plymouth Ld M 5 Premier Gold M. & Teck Hughes 11 Tonopah Ext 8 Uni Verde Ex 2R % 10U'S Contl. 08 4 Utah Apex.. R 0% 6 Utah Metals' T\m 17 SHORT TERM SECURITIES (Quotations furnished by Redmond & Co.) Adir. Pwr. & Lt. Co_6s 107 . of Amer. 7s 19 ret Sugar 6s 19 Amer. Tel. & Tel. Co. 4s Anaconda Copper Hs Asmociated Ol Gx 1935, . . Balto. & Ohiv s 1920 Bethichem Steel bs 1936 Fisher Bog, year @reat_Northern 7 Gulf 0jl C. of Pa, Hock. Val. R, R. C Humble il Blas 1037, Lehigh. Pow M. SLP &S S Y Mo. Pac. R. R, Co. Morris & Co. 7188 New Vork C:n{rnl 6; 11.) regon Short Line da 19 Penns. R. R. 78 19: Sine. Gr. 0il Pur. ¢ Swift & Co. 55 1932 Unien Ol Go. calif; Union Pac. R! UV Rabber 7% Union = e 222 S =oS5555520 e E RN RS SRR 5o3pec3o IS BBD A1 Sozzoo K=t FEIE MILITIA AIR PRELEY. Conference Saturday to Study Sup- ply Problems. A board of Army officers has been appointed to meet in this city next Saturday to study the general prob- lem of the supply of all Air Service material to the National Guard and also to recommend a policy of replace- ment of airplanes for the National Guard. The board is composed of Maj. Ger- ald C. Brant, general staff; Majs. Wil- liam H. Dayton, Sumpter” Smith and William D. Tipton, Air Service Re- serve, and (apts. Charles T. Phillips «and Ralph H. Wooten, Alr Service. VASHING'TO COTTON 1S STEADY AT LIGHT ADVANCE Poor Cables Offset by Trade and Shorts—Weather Aids the Price. seociated Press. \()Rl\ \I.uxl\ 16.—Cotton fu- May, 18.70; July, cember, 17.24; The market was steady today at a decline of 1 point to an advance of 1 point. Selling developed on prospects for warmer weather in the Southwest and the indifferent showing of Liver- pool, which eased prices off to 18.65 for ‘May and 17.52 for October, or about 4 to 6 points net lower. Offer- ings were light, however, and there was enough demand from shorts or the trade to cause rallies of 3 or § points from the lowest and hold the market steady at the end of the first hour. Private cables sald some trade call- ing had been supplied by hedge sell- ing in Liverpool, and that the Man- chester cloth market was featureless, except for a moderate cloth demand from India. New Orleans Quotations. NEW ORLIEANS, March 16 (#). Cotton futures opened steady. Mal 18.34 ik May, 17 Jul; 17.5 October ; December, 1 bid. Unfavorable foreign news caused breaks of 1 to 3 points on the opening of the cotton market. Later support was met on anticipation of bullish week end figures and heavy rains in south Texas. Soon after the opening May sold up to 17.99 from a low of 17.91, Ju dvancing to 17, from a low of 1 and October, 16.92, against a low of 16.8; Heavy frost was pre. dicted for the eastern portion of the belt. . Noon Price Steady. NEW ORLEANS, March 16 (#). Cotton, futures noon bids steady. March, " 18.40; May, 18.05; July, October, 16.98 asked; December, 17.02 asked. NEW YORK, March ton futures 11:45 am. 1882, Juily, 18 December, 17 NURSES’ HOME PROPOSED FOR COLUMBIA HOSPITAL Erection of a new nurses’ home at Columbia_Hospital, at a cost not to exceed $300,000, is proposed in a bill introduced in the House yesterday by Representative Strong, Republican, of Kansas, This legislation would obviate “fire trap” structires now used at the hos: pital, complained of by the board of Uirectors of that institution and by the assistant fire marshal in a report sent to the House District committee, Mr. Strong provides that the cost of the proposed bullding shall be charged “against the revenues of the District of Columbia and the Treasury of the United States in the mannér pre ribed in the appropriation act. NEW YORK DAIRY PRICES. NEW YORK, March 16 (#).—But- ter unsettled: receipts, 12,340 packages: creamery higher than extras, 43u43%: do., extras (42 score), 42%; do., firsts (8% 1o 91 scove), 4las Dd( klng stock. current make, Eggs firm; rec Cheese_irregu (). —Cot- bids steady. October, .x4|h . fresh avel milk, clals, age run, ht‘ld l«m : do., “HAIR-GROOM™ Keeps Hair Combed, Glossy Well-Groomed all Day “Hair-Groom” is a dignified comb- ing cream which costs only fe cents a jar at any drug store. fions use it because it gives that nat- ural gloss and well groomed cffect to the hair—that final touch to good dress both in business and on social occassions. Fven stubborn, unruly or shampooed hair stays combed al) day in any style you like. “Hair- Groom” i grcau‘lcas also helps to k, heavy, Iu~tr0us hair. There is nothing ko discouragi foel that vou must g0 throu ohained to @ laxative. Mr. C. E. S eandniey, “inne: veloned o thig class—until’ 'he began using Internal Bathing with the J. B. L. Cascade. Then tho barsh shakles parted—and the free- dom of fine health came with a rush. Observe what ho says: “For five years prior to using the ‘Cascade’ 1 missed but & few nights that I did not take a laxative of some kiid. but. since its use T haven't had to take & thing, What'a more. T have gained ff- teen’ pounds in that time.” Internal Bathing does what laxatives cannot do. It not only flushes the in- lestinal tract in ite entirety. removing all impurities and poisons. bt strengthens invigorates the iitestinal muscles. whereag laxatives weaken and _strain them. Internal Bathing with the Cascade govelope normal and reeular elimination. Laxatives develop elimination only Taative which o time infisces the 15, testinal lining et the wonder siory of Internal, Bathing ‘with_ the J. B. L. o "today: The “drugeist named below holding 'a_FREE booklet for you— We ~Should Bathe ~Internally."” ! Stop in and get it before the day is over. Sec Your Nearest Druggist | Det i HARVEY A. KOHR RETIRED AFTER 55 YEARS’ SERVICE Chief of Personnel Division, Ad- jutant General’s Office. Leaves U. 8. Employ at 82. After nearly 60 years’ service to the Government, Harvey A. Kohr, chief of the personnel division, adjutant general's_office, has been placed on the civil service rctirement list, on his own application, on account of age. Born in York County, Pa., 2 years ago, he served clerk in the Carver General Hospital in this city in 1864-1865, and has resided here ever since. In March, 1871, he was appointed to a clerkship in the ad jutant general's office and served thera continuously until his voluntary retirement a few days age. For many years he was chief clerk of the officers’ division ognized as an authority on the laws and regulations pertaining to the commissioned personnel. Because of the value of his services he was given several extensions of two years each beyond the statutory retirement age of 70 years. According to the adju- tant general, Mr. Kohr was one of the most capablo and valuable em- ployes of the office, and his record of service “is without a blemish.” S as o and was rec-\ POLICE SEEK TOURING CAR THEY FIiRED ON IN CHASE Suspected Bootleggers Escape in ‘Wild Pursuit, After Machine Knocks Policeman Down. Police are scouring Washington to- day for a large touring car showing a number of bullet holes, put there early this morning when Policemen Handley and Alkins of the second precinct followed the machine on a wild chase through the city. The officers saw two men carrying susplelous packages to the car in the rear of 411 Warner street. When they tempted to investigate the men aped in and hurried off so suddenly that Handley was struck and knock- ed down. o Only slightly Injured, he joined Ail- kins in a chase in thelr own car. Sev- eral shots were fired, & number of which are known to have struck the car. When it turned into John Mar- shall place another car separated the speeding cars and the suspected boot- leggers escaped. i v G. E. SEEKS PIGIRON. NEW YORK, March 16 (P).—West- inghouse Electric and Manufacturing companies 18 in the market for 2,600 tons of pig iron for R e R A works. e We Pay You on your DAILY BALANCES on daily 2% 3% 0 Interest terly. Interest on special savings cer- tificates — compounded semi- annually. Interest on checking accounts balances—compound- ed monthly. on ordinary savings accounts — compounded quar- ' The Munsey Trust Co. Munsey Building . # Pa Ave. Bet. 13th & 14th Sts. N.W. Buick Motor Cars now are sold on the basis of Federal taxes effective midnight, its Cleveland | POST PLANS AUXILIARY. Sergeant Jasper Post of Legion Makes Preliminary Move. Plans are being made for the for- mal organization of an American Le- glon auxiliary for the Sergeant Jasper Post, No. 13, following preliminary discussion of the project at a meeting of members of the post, with thelr wives, mothers and sisters, who would he eligible to membership, at the City Club last Thursday night. Mrs. Thacker V. Walker, president of the Legion Auxillary in the District of Columbfa, as the principal speaker at the meeting, gave assurance of | the hearty co-operation of the depart- ment in carrying out the plan for or- ganization of the Sergeant Jasper auxiliary. The Most Bath O’Beauty Gives It a Delicate Fragrance and Makes the Skin Amazingly Clear and Smooth Put these wonderful crystals into your bath water and it be- comes a delicate perfume. The is magical, delightful. It’s the last word in bath lux- ury. Bath O'Beauty is more than simply a perfume, Itis an amazing beautifier. It soft- ens the water, opens the pores of the skin, has a cleansing action far superior to mere soap and water, gives the skin a superb, velvety texture, and helps to prevent blemishes. Do not deny yourself the delight, satisfaction and refreshment that come from a bath with Bath O’Beauty. Step from your tub with a feeling of stimula- tion and of perfect cleanliness, with the charm of a skin that radlates health and beauty. kage is sufficient for 25 bat ake your test of Bath O’ Beauty today. TOBACCO MARKET ACTIVE. Maryland 'l‘xndm;; Hogsheads Received. Syectal Dispateh 1o The § BALTIMORE, March The land leaf tobacco market ruled active last week for this seuson ear, with receipts of 111 and sales of 114 hogsheads 1 This leaves a stock heads in the S and 795 hogsheads of ground Quotations today for Maryl tobacco per 100 pounds: Inferior frosted, firm leat, 4.00 to 9.0 common and greenish, 10.00 good common, 16.00 to 2500 26.00 to 35.00: good to fine to 53.00: fancy, 54.00 to 5 common to medium, §.00 1 onds, good to fine. 3106 to per country, air cured. .00 1o ground leaves (new), | Delightful Totals 111 114 Sold. Ma irl f the hogshene sonne medi ve 00 nds up 10.0¢ BathYou've Ever Had Bath 0’Beauty 6 Days’ Sale 89 Regular Price $1.00 Peoples Drug Stores All Over Town But it COStS Less *Buy one Buick is bullt more expemlvell than cars in or near the Buick price y other built” means that the different parts the Buick motor car are the best that can design. to engineers But, thanks to the large wolume which public demand has given Buick, and thanks also to production methods that are models of efficiency in an efficient industry, the Buick motor car can be sold to you at a very moderate price. Many Buick features are duplicated only in America’s highest priced motor cars. Buick, for instance, uses the Torque Tube Drive to transmit the drive of the rear wheels to the chassis, instead of burdening the rear springs with this added duty. The highest priced car in America uses the torque tube. And so does Buick! March 28th. BUICK MOTOR COMPANY Division of General Motors Corporation Fourteenth and L Streets N.W. WASHINGTON BRANCH Retail Dealers EMERSON & ORME 1620 M St. 1018 Conn. Ave. WHEN BETTER AUTOMOBILES ARE Telephone STANLEY H. 1015 14th St. BUILT, TheAmeflmpubflcwanufinermpormfionn‘nd Buick provides it at lower cost. Consequently Buick is a very popular cars Come in and examine the Better Buicks. Franklin 4066 HORNER 1220 19th St. BUICK WILL BUILD THEM