Evening Star Newspaper, May 19, 1926, Page 23

STAR. WASHINGTON. D. ¢, WEDNESDAY. MAY 19. 1926. FARM MACHINERY | “Srautieatty: Oner DEMAND 15 G0OD Sales of Agricultural Equip- ment Bid Fair to Ap- proach Record. BY J. (. ROYLE, h to The Star JRK, May 19, Sales of machinery have reached point in_ years and the done by manu- facturers and distributors of farm equipment for the second quarter is expected to exceed a months since the w yepresent the great new in_agriculture. The pressure on farm labor exerted by other industries which wish to tract the workers to their own pay Epecial Disp NEW icultur: highest the volume of busine: rolls has caused the farmers to run 10 machines Heads of the farm| equipment industry now arve gather- ing at Kansas C nd_Hutchinson, Xan., to study this trend as the first streams of new wheat begin to trickle from the harvester threshers into the tank wagons. Demand for the ‘“combiners. the harvester threshers ure have kept the factories b orders, according to the rese: partment of the Nationul Association of Farm Equipment Manufs One manufacturer says order this year have been 10) per cent mbove any previous vear. Big Cut Costs. “The fact that the new agricultural equipment cuts 18 cents a bushel off the cost of harvesting wheat ac- counts for the farmers =uch machines, AL T. Jackson of the ingham Co. today. * the new labor purchases of Brant- without mers 1 machinery handicapped in competing with who farm the new way and are less dependent the srmies of itinerant we s that eat mountains of high priced food and require la: outlays in shelter and hedding while re on the job. “Women ing the c machinery seel that it is necessary for them to Jubor over hot stoves to feed un ! army of men.” Tractor Sales Mount. Sales of tractors continue to mount steadily. They are being called on to take up the slack in both dimi jshing man and animal power. N chines are being bought as fas they can be turned out. Manu turers predict that within 10 years every farm of 40 : or over will have a tor, while fleets rang- ing from 2 to 12 machines will be op- erated on the big acreag: The tractors are being worked day and night in the Middle West at present. In the corn belt the late Spring has put the work behind. s u resuit tractors with headlights blazing are running back ac the fields at night and oc is seen on Sunday. Women ing their turns on the tractor seats. Boys in school are’ rushed home in order to get in a seven or eight hour yun between the time school closes and midnight. More than 1,500,000 people in this country have been transferred from the farm to cities in the last two vears, according to the Department of Agriculture. These workers have not been replaced, because immi- gration has been sharply curtailed and other industries could offer workers high inducements. But the work is still being pushed forward by means of new machinery. For 18 consecutive months aggre- gate sales of farm machinery have fncreased as compared with the cor- responding month of the previous vear. Despite poor incom: in some sections in 1925, a large vol- ume of debts was discharged and farmers now are in better financial situation to replace old equipment than for vears. Despite the heavy buying the accumulated lack of new machinery has not vet been over- come. .The filling of, this demand is being aided, however, by attractive payment methods offered by many manufacturers. PRODUCTION DECREASING. NEW YORK, May 19 (#).—Reces- sions in tin plate operations are re- ported to have begun in the Pitts- burgh district. The leading maker is now on an 85 per cent basis, with the | general average for the industry in from crops that territory at between 85 and 90 | per cent, instead of 90 to 95 per cent, ! where it held for a long time. UNION JOBS HALTED. KANSAS CITY, May 19 (Special). The strike of carpenters, hoisting engi neers and tile setters has caused the closing down of all union construction jobs in this city. EVERYMAN’S INVESTMENTS BY GEORGE T. NUGHES. Net Railroad Income Problem. While the monthly earning ‘state- ment of a railroad, as it is reported to the Interstate Commerce Commission and published in the newspapers, shows plainly the trend of gross and net income, the interpretation of these figures is not alwz simple as it seems. For instance, a road’s net income for a certain month this year may show a striking improvement on that of the same month a year ago, but the comparison may be with an abnormal period. The apparent gain may be simply making up what had been lost said Vice President Bearish Dealings By Associated Press W YORK, May 19.-—Wall Street statistics of fluctuations in the motor- shares in the last six months chow drastic readjust- ments in which the stock market value of General Motors has de- clined almost $130,000,000, while that of Hudson Motors has shrunk more than $110.000,000. | In the bull market of 1925 Hud- | son stock represented totul market appraisal of more than $185,500,000, selling at its extreme | of 139%. At ite recent low around | 56 this value less than $75,000,000. | MARKETS UNSETTLED. Fruits and Vegetables Show No I Uniform Trend During Week. Wholesale fruit and vegetable mar- kets exhibited no uniform trend dur-! ing the second week of May. Pric were irregy partly as a result of| the unseasonable weather conditions and the late Spring. Strawberries| closed firm to higher. as shipments ‘hed sufticient volume sharp® decline. Howeves ment is due from inter-| Prices of tomatoes tuce were well main- | stern lettuce of | and sold lower. T plentiful as season. Potato markets tended| nward, with old stock weak, ex- cept in Maine. Shipping-point mar- heavy mov mediate State: and Western 1 kets for new potatoes continued strong. Cabbage trading was s but prices were zenerall duced. Output of and fornia onions nearly doubled, ing in declines of 23-40 per & »pped, as supplies | crop of 6,000 will soon be mov- ir last year produced 7,840 carloads. s been very plentify at fair prices. The heavier shipments of can- taloupes, onions and tomatoes helped increase the week's total for 24 prod-| ucts to 1 | CAR LOADINGS GAIN. | Increase Noted Over Same Week Year Ago and Preceding One. The American Railway Association last night placed the car loadings for the week ending May 8 at 996,527, an | advance of 886 over the preceding | veek and also an increase of 13,493, | ompared with the corresponding week | last year. | The association decla aneous freight reached 3 5 car: 2 decrease of 7,917 under the pre- ceding week; grain and grain prod- miscel- | throughout the Scutheast and South- | | west are active. Money is plentiful. there is a job for every man who re. orders in M | teature of the BUSINESS PROMISING IN SOUTHEAST AREA John C. Legg, Banker, Gives Op-§ timistic Views After Trip Through the Section. Special Dispatch to The Star. BALTIMORE, May 19.—"Crops of all kinds appear promising and farm- ers as well us merchants look forward (0 a season of more than average prosperity. Building operations reasonable wages, and, in short, there are no dark spots on the business hovizon.” This was the declaration of John C. Legg, member of @ banking firm here, who has just returned from a 10- day trip through the Southeastern section of the country. “The only complaints of dullness I| heard came from traveling salesmen,” said Mr. Legg, “and when I checked up I found their pessimism was due to lack of forward buying. It is true| tha. merchants in that section are| pursuing a hand-to-mouth policy in! purchasing: that is to say, they are buying in &mall quantities, but reor dering often. “However, 1 consider this a good gn and the effect is beneficial all { ound. For one thing it relieves mer « nts of the necessity of tying up| large sums of money and also enables manufacturers and jobbers to carry 1 without running the risk of having big inventories on hand in declining | markets.” t wants to work STEEL ORDERS GAIN. NEW YORK, May 19 (#).—"Mod erate increase in the rate of mnew | as compared with the | half of April, is still the best | eel situation,” Tron | Age says. “Evening up for the large Seale production of the past four months has brought some further re duction in mill operations, and mean while, there are price concessions in several products, including bars and sheets. STOPS DANDRUFF! A SMALL BOTTLE ¢ SAVES YOUR HAIR Every bit of dandruff dis- appears and hair stops coming out. 4 Within ten minutes after an ap- plication of Danderine you can not 'y, They're Delicious! Mammy Lou Chocolate- Covered Cordial Cherries St . 4% One Pound Large, Ripe Cherries in a luscious cordial and cov- _Phone Main 5215 A ered with a thick coating of pure, rich chocolate. 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One merchandise and less than carload cati issolves every particle ts, 265,867, an increase of 2,402; coal, invigorates the scalp, | . a decrease of 8,174, and live | stops itchi 2d falli i i S 5 : - | stops itching and falling hair. | stock, 28,963, a decrease of 2.893. * | Fyrthermore Danderine is to the | | hair what fresh showers of rain and PARIS PRICES IRREGULAR. | sunshine are to vegetation. It goes PARIS, May 19 (®).—Prices moved | right to the roots, invigorates and irregularly on the Bourse today. Three | strengthens them. Its exhilirating, per cent rentes, 44 francs 20 centimes. stimulating and life-producing prop- Exchange on London, 170 francs 80 | crties cause the hair to grow strong centimes. Five per cent loan, 50 |and beautiful. e o i Rt Natar was | e Haic thas fniade fHe gis i e | aware of the dangerous effects of | unsightly dandruff which is now CORPORATE MATURITIES. | more apparent than cver since the | NEW YORK, May 19 (®).—Corpo. | hair is short. r?l;‘mghiu;‘l‘;es in June are calculated : Danderine is a sure way to get rid at $42,978,840, compared with $72,028.- | i dandruff and immediately doubles DD nINEy Sl in June {hesbeautylof yoit ihair. JTie SHect | st year. Railroad bonds comprise e . H more than half of the obligations due | i amazing—your hair will be light, next month, the largest issue being | fluffy and wavy, and have an appear- | $7,000,000 Chicago, Rock Island & Pa- | ance of abundance; an incomparable ! cific three-year 5% per cent notes, due | luster, softness and luxuriance. June 1. Public Utility maturities for | Get a small bottle of Danderine the month totaled only $5,44 | from any drug store or toilet coun- e = | ter for a few cents and keep that NORTH CENTRAL TEXAS OIL.| dandruff out of your hair and off | NEW YORK, May 19 (#).—Net in. | your shoulders. i come of the North Central Texas Oil | DANDERINE || Co. for the first quarter of 1926 was \ $93,334 before depreciation, depletion with e Federal taxes, compared and 42,059 in the same period last CONFIDENCE Trlnlers.fim: :’neuan The dentist who consclentiously Guarante serves his patients inspires a lasting S1022 S1522 12022 *1022 confide We do the ver modern denta cience can and each individual c attention that creates the confidence that endures. By Dr. Freiot and Staff of Expert, Careful Dentists D _CROWN AND B TOOTH. $6 and $8. > g Hondmade Plates our falty. Ofor " piates in zold, atomiouen: silver and all-poreelain. Twenty-five vears of good honest dentistry is our 1ecord. Thousands of satisfied lmllmu In Washington and surrounding cities towns is positive proof of our re- iability and for dentistry that is natural looking, lasting and is guaranteed. M;:lds DR. FREIOT Terms of Pay- ment May Be Attendance 407—Seventh St. N.W.—407. Arranged ENTRANCE NEXT TO KAY'S JEWELRY STORE Four large reception rooms, elght operating, extracting and impression . The entire second floor of two enfire uildings gluen over to operative and mechanicai dentistry. Everything pertaining to the comfort of our patients you will find here. Cleanliness Is One of Our Many Striking Features Very Special Attention to Nervous People No Charge for Extracting When Other Work Is Being Done 9 AM. to 6 P.M. Sandays: 10 AM. to 1 P.M. Look for the Name DR. FREIOT and Add . Be Sure You Get Into the Right Office g Hours: Phone Main 19 i | | A Profitable Fact to Know What’s Worth a year ago. Similarly a falling off in net income this year from that of a year ago may only mean a re- turn to normal because the road had operated under unusually favorable conditions 12 months prior. A comparison with the preceding month instead of with that of a year ago is often illumination, but here the seasonal trend of earnings enters into the problem. Traffic for the Northern roads is generally low in volume dur- ing the Winter months and high in the Autumn. Each road has indi- vidual pecullarities along this line. Excessive snowfall makes for ad- ditional expense of operation in the cold months and so reduces net earn- ings. Strikes, floods, crop failures all tend t6 cut down earnings during the time they are reflected and must be allowed for in reading the results. Much depends, too, on the amount spent for maintenance. A drop in net income may only signify that large sums have been used to put the property into shape for an expected increase in business. Finally, too much stress must not be placed upon the results of any one month. The investor is concerned with operations over a longer period than the specula- tor. But a continued and consistent decline In earnings from month to month demands investigation by the investor as well as the speculator. The advantage that railway securi- ties have over industrials as a group is that the danger signals are set sooner and are more easy to read for the railway than for the industrial. Painting Is || Worth Painting With “Murco” The Lifelong Paint has been holding its place in the market for years—and gaining new friends daily. That’s because it always has been and always will be made honestly. No skimping—no effort to save us a few pennies—and lose our customers many dollars. This day-in and day-out quality in- sures Beauty and Durability— ALWAYS. Just look for the ;‘.Murco” label—it’s your protec- ion. E. J. Murphy Co., Inc., 710 12th St. N. 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