Evening Star Newspaper, March 21, 1926, Page 47

THE SUNDAY STOCKS MAKE GAIN; MOTORS ATTACKED Rail and' Industrial Shares ' Up—0il Issues Move to ] Higher Ground. Br the A, 1ated Press NEW YORK, ‘March elling pressure \as renewed in today’s briet session of the stock market, but ex- cept in the motors and a few indus- trial specialties, particularly the high- priced issues, it encountered stronger resistance. Both the rail and indus- trial averages showed small net gains on the day. Total sales were 815,200 shares. Hudson was the target of another bear attack, being hammered from an early high of 93% to a new 1926 low at 911, closing at for a net loss of 4% points on the day and over 17 points on the week. General Motors was hammered down to 124%a, but snapped back to 1223 off 1%, net. Jordan recovered an early loss of over 1 polnt and Mack Trucks closed frac- tionally hizher at 115!z after having touched 118 early in the session. With the exception of General Pe- troleunm, which closed a point lower at §2 on profit taking, most of the oil shares moved to higher ground. An extreme guin « 13 points in Slland- ard Oil of New Jer and a 2-point gain in Barnsdall “A" were among the feutures. A rather thin market developed for some of the high-priced industrial * specialties. General Electric broke 614 points to 301, closing at the bot; tom. Du Pont fell nearly 7 points to 210, a new low for the vear, and then rallied to 212 Woolworth toppled over i points to a new low at 1611 and then rebounded to 163. The atrong underlying support apparent for some issues led to rather extensive short covering in some industrial shares. Allled Chemical, American Can, California Packing and Postum Cereal were among the many active issues to show net gains of a point or more. Trading in quiet, but the rails was rather moderate gains were re- corded by the St. Paul issues, At- lantic Coast Line, Louisville and Nashville, Union Pacific and Erie first preferred. A further reaction in wheat prices, which carried the May option down 213 cents a bushel to $1.573, featured the commodity market. Cotton fu- tures sold off § to 13 points in a quiet market. Coffee futures were 5 to 10 points net higher on short covering. The sugar market held steady. Foreign exchanges held steady in quiet trading. Demand sterling was quoted around $4. and French franes just above yesterday's low of 3.53 cents. Polish zloty rallied 2 points to 1 cents. Other changes were largely nominal. WALL STREET BRIEFS NEW Business in the West is going ahead steadily and in good volume, Danfel YORK, March 20 (#).— ‘Willard, president of the Baltimore and Ohio Railroad. safld on his re- turn from a trip to the Pacific Coast in which he traveled on the Burling- ton, the Los Angeles and Salt Lake, part of the Union Pacific System and the Atchison. All of these roads were in excellent physical condition and conformed to high railroad standards, he said. Abundant snow and rain in Cali- fornia had relieved the drought which reduced the State's productivity last vear, storing up water reserves in the mountains for the coming season and giving a promising prospect for the State's crops this yvear, Mr. Wil- lard sald. Kansas and Colorado also have had their required snows and he found the farmers there much en- couraged. ‘Traffic on the Baltimore and Ohio this Winter, in both coal and general merchandise, has been ahead of last week, with present indi- cations that this vear's traffic as a whole will exceed that of 1925 The week’s bank clearings through- out the country compiled by the Commrercial and Floancial Chronicle were $10,928.051,897, an increase of 7.4 per cent over the $10,174,248,619 a year ago. New York City gained 6.5 per cent. Net income of the Wright Aero- mautical Corporation for 1925 almost doubled the amount for 1924—S$710,- 832, arter charges and Federal taxes, equal to 32.85 a share on the no_par value stock, against $423,524, or $1.70 = share, the vear before. Net sales increased to $3,307,710 from $2,166,~ 863. Surplus after dividends was $461,442, aguinst $1 34 in 1924, The preliminary statement of the Louisville and Nashville for 1925 #hows net income of $18,700,711, after taxes and charges, equal to $15.97 a share on $117,000,000 capital stock, compared with $14,132,793 in 1924, or $12.07 a share. Surplus after sink- ing fund requirements and dividends was $11,548,408, agaWist §6,981.943 the year before. The stock market i utely sound and there is no o for worry, in the opinfon of PFrederick Houseman of A. A. Houseman, Gwathmey & Co., who sailed for Eu- rope today. ‘“The market has about reached the bottom,” he said. “The principal trouble with the market has been that certain issues have been ‘overbulled.’ There is plenty of money in the country and money rates should remain easy indefinitel; The sooner our legislative bodies remove dutles on raw materials coming into this country and increase duties on finish- ed products, the better off the coun- try will be.” Stockholders of the W. B. Foshay Co. have aproved an increase in the nuthorized capital stock from $2,000,- 000 to $4,000,000, of which $1,000,000 represents 7 per cent preferred stock. Public offering is being made of $250,- 000 of the preferred at par, the pro- ceeds to be used for acquiring public utility properties. Earnings of the company for 1925 were $311,859, of which $2,000 was paid in dividends. e BARREL HOLDS 283,800 QUARTS OF RHINE WINE Surpasses in Size the Heidelberg Cask, Once Noted as Larg- est in World. By the Assoclated Pres: BERLIN, March The famous Heidelberg wine barrel, once the largest of its kind in the world, is surpassed by a new barrel in the cel- Jar of Mathew Mueller at Eitville-on- the-Rhine. It holds 283,800 quarts of Rhine wine. It each drank a regular size three- quarter-liter bottle a day, it would take 18 men 60 years.to drain the huge container. It is 49 feet long, 23 feet wide and 9.84 feet in height. The Heidelberg barrel has been dry for many vears, but in the days of its usefulness it held 200,788 quarts. Mueller's vel containi about 100.000 quarts of L~ ] TO DIVIDE HONORS ON RADIO BILL Claudia_ Muzi Civie Opera Co. (right), will prefent the weekly Atwater Kent stations Including WCAP. DECLINES RECORDED IN MOST MARKETS Acute Reactionary Tendencies Shown in Nearly All Security and Commodity Exchanges. By the Associated Press. NEW YORK, nounced reactions tendencies de- veloped in nearly all the principal secur ud commodity markets this week, “Stock prices broke sharply, the average of 20 leading industrial issues sagging to within a small fraction of the lower level established the sen- sational collapes earlier in the month. Wheat features sold down 4.to 8 cents a bushel, corn and raw sugar options touched new low levels for the season, | cotton recorded moderate declines and | French francs sank to the lowest level since 192 The severe reaction in stocks natur- ally had a depressing influence on the | business sentiment. In quarters where the stock market is accepted as barometer of business conditions, it revived fears that a slump in trade was in prospect, but with bank cl ings, savings bank deposit freight car loadings being main lat record high levels no serious de- pression is looked for in responsible quarters. The credit situation con- tinues relatively easy. Time money rates were reduced during the week to 43 per cent, the lowest general level prevailing since last October. Call money held i per weel, but ket” were available below that figure. - Sl DAIRY PRODUCTS. BALTIMORE, March 20 (Speclal).— Although receipts of native and near- by eggs have increased steadily from day to day, the consumptive demand has kept pace and the market rules firmer, with values a shade higher, closing today at 28 dozen for first in free cases, an increase of 1 cent a dozen over opening prices Monday. Present indications are that the pack- ers will have to store close to or pos- sibly at the same prices that pre- valled last year around April 1, which is generally the opening of the pack- ing season. With the approach of Easter more liberal shipments are advisable, but stock must be first quality to bring top values. The general live poultry market rules firm, with values all along the lne showing another in- crease over quotations last week Spring chickens, 1!; pounds and ovel are bringing top prices of the market, 55 to 60 pound, and white Leghorns 50 to 65, while Winter chickens, 23z pounds and under, are selling at 45 and 48. Large, smooth young chick- ens bring 38 to 40, and even poor and thin stock are in fair demand at 28 and 30. 0Old hens continue very ac-| tive at 33, with even small to me- dfum selling equally as well as large stock, but Leghorns sum‘l 3l‘:ght fowl will not bring over 28 to 30. ’season for turkeys rapidly drawing to a close and receipts continue very light. Young hens, 9 pounds and over, bring 50; young gobblers, 40a43, and old toms, 40, but poor and .crooked breasts are slow sale at 25a30. Re- ceipts of choice fat ducks continue light, owing to being held in the coun- try for their eggs, which are bringing 54a55 a dozen. Large, fat ducks bring 34a36 and small and poor, 27a28. Sea- son for geese is nearly over and re- ceipts are very light as they also are being held for eggs, which bring 80_?. 1.00 a dozen. Yat geese sell 24al7, with Kent Islands bringing top value: Guinea fowl and pigeons in light re-| ceipt and values a shade higher on the latter, selling 35240 a pair for both | young and old, while guinea fowl] bring 75a85 each for young and 36a50 for old and stags. Outside of capons. which bring a premium of a cent or two a pound, dressed poultry will not bring any more than live, and ship- ments under present weather condi- tions are not advisable. The white potatosmarket rules steady with val- | ues unchanged from last week at 4.00 | 24.50 100 pounds for No. 1 well graded | stock, and 2.00a3.00 for culls and No. 28, Sweet potatoes and yams are firmer under light receipt and a good ! demand and top prices are readily ob- tainable on all good dry fancy stock, which sells 5.00a6.00 barrel for sweets and 4.00a5.00 for yams. Culls and No. 2 stock, however, will not bring over 2.00a3.00. Southern vegetables in- creasing in recelpt right along, and demand for native and nearby garden truck has eased off to a lafke extent Stock showing quality, however, sells | tairly well at the following quotations: | Kale, 1.50a2.50 barrel; onions, 2.50a 3.50 100 pounds; oyster plants, 6.00a | .00 100; parsnips, 50a75 basket: spin- ach, 1.25a2.25 barrel, Savoy cabbage, 76a1.00 bushel, and. turnips, 25a40 basket. ENGLISH CHURCHES WAR ON SABBATH CONCERTS | By the ciated Press. LONDON, March 20.—Several Eng- lish churches have taken steps to meet the competition of cinema pro- prietors, wHo have made plans to “capture Sunday” for the picture per- formances in various parts of the country. At Hull and East Riding, the Con- gregational churches have published in their officlal organ accounts de- nouncing the plans of the cinema proprietors to give Sunday concerts along with pictures “‘under the robe of charity, but with the cloven hoof.” The Rev. J. R. Bentley, Baptist pastor at Middlesborough, on the other hand, hag anticipated plans of the film house managers and for a period has decided to replace sermons by plays. The first piece produced was Maeter- linck’s “Mary Magdalen,” which was voted a success. “There,” said the Rev. Mr. Bentley, “is a drama more powerful than many sermons and as put on in Middles |horough will give the motion picture Other well known plays will be e cellar also has a bar. | proprietors something to think about.” ma donna of the Chicago y (left), Russian pianist, who radio hour tonight through a chain of What Tomorrow Means to You BY MARY BLAKE. Aries. Tomorrow's planet until nocn, negative. become quite fa y aspects are, Thereafter they ble, and are ations of a very In the mornir > to postpone, if such a cou n contemplation, any undertaking involving initiative, and attention should be devoted only to those duties that are either cus- tomary or cbligatory. In the afte noon the signs denote success for any field of fruitful endeavol provided speculative risks are eluninated, and there will be sensed a strong urge to y on,” even in the face of dis- appointment or discouragement. is not a propitious occasion for travel. Children born tomorrow are destined, according to the indications, to be con pelled to pass through rather hectic infancles, as the signs denote man ailments of a serious nature. The s nothing, however, to warrant alarm, s the attainment of normal maturi d. Temperamentally, the in early childhood se characteristics that are usu: associated with charm and attractiv ss. They will be dlsgruntled, imp: of restraint, and thoughtl grow up, however, the: will be rubbed off, and they will develop attributes the exact reverse of those displayed by them in their early day: 1t tomor: vour. birthday you possess a strong degroe of pride, and s, connected, with con high You it would be tient As they rough corn ceit, has caused you to fix 3 standard of conduct for yourself. are honest, ambitious and painstaking. not endowed with v degree of ex- ceptional intelligence, but, by plodding and conscientious efforts, bound to achieve fair success. If a man, you are not a good mixer, but prefer the Intimate companionship of a fe rather than the association of a crowd. If a woman, you are subject to ex- ceedingly strong. emotions, but, with the will power characteristic of you, i’mll are able to keep them under con- rol. ‘The home life of all those whose birthday it is tomorrow should be hap- DYy, if they are mated with those born ineither January or September, as, such a combination denotes forbear- ance and sympathy. If these condi- tions do not exist, your home life promises to lack that degree of har- mony which makes for happiness. Well known persons born on that date are: Braxton Bragg, Confederate soldier; John F. Kensett, artist; Charles W. Marsh, inventor; John B. Tabb, educator and poet; Laura, Jean Libbey, author; Emilio Aguinaldo, Philippine leader. (Copyright, 1926.) | STUDENTS BEST OFFICERS HONOLULU, March 20 (#).—Col- lege men make the best army officers when it is necessary to take officers from civil life, says Col. H. J. Koehles for_more than 40 years drillmasier at West Point. It is because the col- legian is by training more receptive to intensive study, he declares. Another of Col. Koehler's views is that *“the American soldier does not fight so much for the flag as because he doesn’t intend to be licked by an: body ‘once trouble has been started. ‘The colonel was the originator of the mass-command system of giving in- structions to troops. COTTON S LOWER: OFFSTO T3PONTS Market’s Undertone Steady. Ginnings Report Fails fo Bring Sellers. i By the Associated Press. NEW YORK, March 20.—After sell- ing up 1o 18.39 for July contracts in today's early trading the cotton mar- ket turned easier, that delivery selling down to 18.10 or 14 points net lower. July closed at 18,11, the general mar- ket closing steady at net declines of 5 to 13 points. The opening was 2 to 6 points low- er in response to relativel: erpool cables. The tone Wis and prices almost immediately rallied. Failure of the census report on total ginnings_for the season to bring in larger offerings evidently disappointed recent sellers. Ior a time the mar- ket showed considerable strength on covering, combined with local or trade buying. May sold up to 18.86 and October to 65, net advances of 10 to 14 point ibut at these figures selling orders fro arket. A little Wall Street selling may have heen in fluenced by conditions in the stock market and some locul selling may have been in anticipu pointing_Liverpool cables These offerings were not par heavy, but there was comparatively little’ buying after the initial d had been suppl off to 1850 for M October, or about 6 1o 14 lower. Last prices were within, a point or two of the lowest. . he census report showed a ginning of 16,103,586 running bales from the crop of 1925, making lent 500-pound bales. made more running bales than any other previous crop on record, but in equivalent 500-pound bales, it was slightly below the 1914 outturn of 5,134,930, and in pounds, consequent- ly, would seem to be the second larg est crop in the history of the South The figures were ahout as expected and were not generally considered an important factor in the day’s fluctua tior I cline ginning the de. ate cables attributed in Liverpool to hedg liquidation, and s: depressed, with only a demand from Indix,"and China tr dull. & SCENT TO MATCH FROCK | SOCIETY FAD IN LONDON Dress Display Staged to Shaw Col- ors and Rich Perfumes Are Affinities. By the Associated Press | LONDON, March 20.—Perfu mateh frocks and colors are the lates novelty offered to women in London by fashionable dressmakers. At i recent dress and perfume show there was a display designed to show that colol and perfumes are affinities. It shown that simple frocks -demand a blending of their elusive “color per fume,” different from that for more elaborate frocks. Perfume to be used at night should be different from that used in the day time. Dressmakers contend that women need about 20 kinds of perfume and book of instructions to carry out this latest fad. Dark red, blue and sombre colors have been found to call for heavy flower scents such as violet and jasmine. Green and certain shades of bronze, are emphasized by oriental perfume, while white orchid and pale color dresses, must be accompanied by the most exhilarating of combina tions, for the effect is supposed 1o be like that of a cocktail WOMAN LEADS ORCHESTRA Scores Decided Hit in Paris Sym- phony Concerts. PARIS, March 20 (®).—Audiences at the recent Pasdeloup symphony concerts in Paris had the new experi- ence of seeing a woman conduct that celebrated organization. Miss Eva Brunnelly is the first woman in France to wield a conduc- tor's baton, and she scored a hit. The critics described her work as calm, precise, thorough and free from any extravagant gestures. She showed a perfect knowledge of the scores, and conducting of Tschalkowsky's pa- thetic symphony was particularly praised. Atb NTS MOTHER! Fletcher’s Castoria is a pleasant, harmless sub- stitute for Castor Oil, Paregoric, Teething Drops and Soothing Syrups, prepared for Infants in arms and Children all ages. It has been in use for more than 30 years to, sgfely relieve Constipation ‘Wind Coli Flatulence Diarrhea Aids in the assimilation of Food, ic = To Sweeten Stomach Regulate Bowels promoting Cheerfulness, Rest and Natural Sleep without Opiates M— To avoid imitations always look for the signature of MJ i Bhyjsicians Regven dircctions on cach packags. exeomuhere. zecommend, it STAR, WASHINGTON, D. (.. MARCH 21, 1926--PART 1. BETTER VALUES | MAXWELL’S—415 7TH ST. N.W. | \To every purchaser of a Dining R , Bed r Living R . s g g oom, Bedroom or Living Room $26.50 Gibson Refrigerator White enamel lined, three door model. Positively will not be sold separately at this price. d 40-1Ib. ice capacity. $195 LIVING ROOM OUTFIT Large Size Sofa i Mirror Console Bowl et ;‘:ub Chd.r End Table 2 Candlesticks— wdes ing Chair Jurnior Larap 2 Camdles Daveng»rt Table I ) 1l T2 = ™ I g it Z s NRSES Complete e g f Junior Lamp With Outfit £ :’///{%/ A completely furnished living room moderately priced; suite is upholstered in hi };-N-j igured velm_xr of your selection; the balance of the articles are selected to hal;'moniz]e‘)e wiltl}l g;xge; g:i?ge'n’]lr?d\t\} i furnish a cozy and comfortable room. oo ) i $225 Dining Room Outfit Includes— Extension Table Console Bowl Buffet Searf Two Candlesticks China Case Six Chairs Twa Candles Server Mirror Five-Piece Unfinished Breakfast Set Consis Complete with all-cot- stantially 1 ton pad, cretonne cover, strong sanitary spring. Useful and attractive, easy to operate. Special at A new outfit just arrived in a beautiful rich American walnut finish | on gum. Large size suite with the halance of the outfit to harmonize. Fully guaranteed. $14.75 Only $1 Cash $235 Bedroom Outfit Includes— Vanity Chair Bed Bench Rocker Dresser Spring Boudoir Lamp Chifforette Mattress Rug 3-Burner Gas Stove Fiber Stroller $15.75 Complete with hood ;md’adjuflable foot rest. With large oven, which Priced as low as has white enamel iront A fine cooker and at a very low price Only $1 Cash Qur newest design in a beautiful walnut finish on gum. Including a large size vanity, and the balance of the suite to match in design and $12.75 style. Kroehler Suite $69.50 Included are Full Size Kroehler Davenport Bed, beautiful Rocker and Chair to match; finish and quality of covering is of the better class. SPECIAL. - Only $5 Cash 9-Piece Walnut-Finished and Gum Bedroom Suite $69.50 Consisting of Large, Well Finished Dresser, Beautiful Chiffonier, Full Size Simmons Metal Bed, All-Cotton Mattress, ‘Woven Wire Spring, Rocker, Only $5 Cash A0