Evening Star Newspaper, May 25, 1926, Page 29

dangerous, since it has led the mer- chants to abuse the cash discount system. He declares that while the merchants who extend these lines of credit to retail customers are anxious to take advantage of the “2 per cent, 10 days,’ many endeavor to stretch the “10 days" far beyond even elastic limits, Finance Companies’ Work. The finance companies specially organized and adapted to carrying on the system of instaliment selling carry on' the bulk of this business with totals which certdinly will not fall belo n aggregate of $8,000,000,000 this vear. These companies, accord- ing to those whose business they handle, are able to. discount sums too small to be of interest to a bank and can make numerous - collections in small sums, such as a bank would not willingly undertake. Losses through sales financed in this way, according to automobile men, have been PARTIALPAYVENT BUYIG DSCUSSE Where to Draw the Line Is Problem Before Credit Men’s Association. BY J. C. ROYLE. 8pecial Dispatch to The Star. NEW YORK, May 25.—Installment v J s w buying in the United tes is now e, roceeding at the rate of over $10.000.-| “rpe 4 ytomobile manufacturers meet 00,000 a vear. That tremendous| o yrgument fhat this kind of buying voiume of business is having its effect| ., qoq the purchaser to pay an ab- in nearly every line of commerce and 1y high l"‘h‘;‘ by declaring that its results were actively and vigorously iem of installment selling has discussed today by delegates to the|, d volume of production that Natlonal Association of Credit Men in |1 pcei X ble for manufacturers session here. ; to cut prices sufliciently to counter- The credit men differ widely as t0|1,1ance any reasonable financing fee. the wisdom of an installment sales | ““<iiiy U TN oS for install: policy, but they were a unit in declar™ | yon¢ selling must be observed, accord- ing it was a factor which could not be | inz to Hen ;)x-ewidont of overlooked and that the strictest safe:| ;. Commarcial Investment Trust guards must be thrown ubout it to|yycorporaied. “It is eafe to assyme. » prevent credit misuse and disaster. he said, “ihat ti Xs it p,“d,mi‘. Object to Abuse. control th servoir of credit s0 that & Expressions of bankers, financiers | 4. e TrRRIRLo it lon pATtDAymENt 86 | W hiD. S adbers 1! S0URAKBABAIL Ak are far apart, but it seems to be the | ijles. abuses of the system they object | s ystem it By RAIN IN COLORADO HELPS. DENVER, May 25 (Special).—Colo- nd livestock have bene- from recent rains. In . sugar beets have reached the thinning stage, cherries are ripening and planting of com- mercial tomatoes is well under way. rather than the chases on_the of the New York 5 experts hold that t value of article purchased should always be greater during the installment period than the remaining installments and that the Initial payment should be large enough to encourage the debtor — to meet the remainder of his obliga- SURPi‘US FOR APRIL. tions. J. H. Tregoe, executive manager of NEW YORK, May 25 (®.—The the Credit Men's Association, declares| New York, Ontario and Western re- ports surplus of $86,208 for April, the widespread e of radio sets, planos, automobiles and similar goods after charges, compared with surplus of $12,233 in April last vear, but a has led the public to expect and often demand similar lines of credit from |deficit of $453.983 for the four months grocers and merchants handling staple’ of 1826, against ‘a deficit of $486,474 goods. This tenden ists, is in the rame period of 192 COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY BOSTON, May 25.--Sales of the Pa- cific mills are running at the rate of nearly $4,000,000 a_month, accord- ing to reports here. Net for the first four months of this vear is placed at $940,000. % PITTSBURGH.—Tin plate mills are working at 90 per cent ,of capacity in this section, but the situation is unsettled and will remain so until it is determined whether the early crops will be good or bad. The price is be- ing kept at $5.50 per base box, Pltts- burgh. SAN FRANCISCO.—Total ofl stocks on the Pacific Coast have dropped about 8,600,000 barrels In the last month. The totals of finished and un- finished petroleum products in Cali- fornia now amount to more than 150,- 000,000 barrels. ATLANTA.—The Georgia Peach Growers’ Exchange estimates the 1926 commercial peach crop at 13,680 cars, slightly more than were shipped last year. The largest shipments of a sin- gle variety will be Elbertas, with an estimate of 6,233 cars. e e INCOME DECREASES. NEW YORK, May 25 (®.—April net operating income of the Chicago & Alton fell to $170.708 compared with $213,837 in April last year, and for the four months of 1926 to $769,365.in contrast to $1,033,606 in the same period of 1925 BALTIMORE IMPORTS. Special Dispatch to The Star. BALTIMORE, 'May 25.—Principal import tonnages received at Baltimore last week included: 96,938 bunches of bangnas, 3,000 tons of chrome ore, 7.121 slabs of copper, 75,000 barrels of gasoline, 79,020 tons of iron ore, 8,895 bales of licorice root, 1,300,000 gallons of molasses, 57.984 bags of nitrate of soda, 284,168 barrels of crude ofl, 5,000 bags of potash, 1,795 bales of rags, 17,536 bales of wood > pulp and 2,29 of magnesite. It has been predicted that homes will be heated by radio in a few years. | ments! MACHINERY TRADE NOW MAINLY REPLACEMENT Large Orders Are Conspicuous by Their Absence—Present Situation Seergs to Favor Boycott. NEW YORK, May 25 (Special).— Demand in the market for machinery is chiefly for single tools for replace- ment purposes, and increasing pro- duction. Inquiry as a whole has fallen off and large crders from in- dustrials are conspicuous by their absence, American Machinist reports. The present situation appears to fa- vor buyers. On single tools business is holding up to expectations for this season of the year. The market in Detroit is beginning to show signe of better conditions, recent announcements of expansions by certain automobile manufacturers promising large orders for new ma- chines. Chicago is fairly busy on old inquires. There is a steady call for equipment in the Cincinnati district, though buying has been somewhat curtailed in the past 10 days. The month of May has witnessed slight improvement in business in Cleve- Following a dull period of sev- AY, MAY eral weeks, Milwaukee reports im- tion, and leaders are moderately opti- :’ork o uture. tic. provement in buying. mf New England territory again re. ports increused demand for special automatic machines, with the volume of new inquiries keeping business at a satisfactory level. Conditions ir the New York market have been better. In Philadelphia sales and inquiries have dropped off considerably. STEEL FIRM HEAD HOLDS OPTIMISTIC VIEWPOINT J. M. Jones of Eastern Rolling Mills Expects Business to Gain in the Remainder of Year. Special Dispatch to The Star. BALTIMORE, May 25.—“Oper- ations at our plant have been some- what curtailed during the last three weeks, but I expect it will be buck on 100 per cent schedule within six weeks,” declared J. M. Jones, presi- dent of the Eastern Rolling Mill Co. “T look for gradual increase in con- sumption during the remainder of the year, but no boom,” he continued. ‘The industry as a whole has slowed up son but it is in good con “IWAS SICKLY AND COULDN'T EAT” Then Kellogg’s ALL-BRAN brought permanent relief Constipation takes its toll in health and happiness — but read what Mr. Jessup has to say: “1 was slways sickly and could not eat last May I was told sbout » Don’t let constipation sap your health, undermine your strength 1t can cause over forty serious Blotchy -skin, sick head- aches, nervousness, ane! butafewof the symptoms. are Beware! CI/‘/HY is ESSO so much better than anything else you've ever used? Why does ESSO do away with all motor knocks; why does it literally unlock all the latent power of your motor, make your car perform in traffic, on the hills, and over the long country roads in a manner so superior that there are no previous performance standards by which to judge it? "The answer is not difficult to find. It is because ESSO is not an experiment; not a chance product. On the contrary, ESSO has been developed out of the long refining experience of the Standard Oil Company (N. J.), and has been especially designed to give just Kellogg’s ALL-BRA! . nnmdogrelieva the m}:ltheh%g eonlfip-t}‘o:n! if eaten regularly. Because Kellogg’s is ALL BRA{I —a 100% bran product—100% effective. Eat Kellogg’s ALL-BRAN with milk, crum‘:nd fruit. !?u it in eookln; too. Made by Kellogg in E-tfl]-‘ Creek, Mlchgzln. lni lolfi all grocers. B Soyle s ing at about 75 per eent of capacity. Prices continue low, although indica- | the late Czar Nicholas of Russia, runs tions are not lacking that they will an embroldery shop in Paris. 1926. 25, ‘he Baltimore Tube Co. is operat: The Grand Duchess Marie, cousin of 29 PORTLAND.—The catches of Co- lumbia River salmon have been =o small that few canneries are able to operate. Halibut catches off the Ore- gon coast, however, creasing steadily. to a higher basis in the nedr e have been in- the MAYTAG S Ille, TONT 7 1N YT TN |I4llil I 0 il the Maytag is available with {n-built gasolive motor. —Try the Maytag It it doesn’t sell itself, don’t keep it a Geeks shing IT0C? 'OU set the day. We will send a May- tag to your home to do a week’s washing free and without obligation of any kind. Remember the Maytag will be on trial, so get a big washing together— and. include all of those things you find hard to wash. Make the Maytag prove how easily it washes everything. How clean it washes without any hand-rubbing. Right from the start the Maytag willshow youwashability unmatched! ‘Washingspeed—washing volume— unparalleled! Clothes clean- liness—almost unbe- lievable ! O Outstanding Maytag Features 1 Washes faster. 6 Easily adjusted to yowr 2 Washes cleaner. ight.. 3 Lagest hourly capacity. Tub 7 Clothes can be pu't in or holds 21 gallons. taken out with the washer 4 Mostcompact washer made— _ running. takes floor space only 25 8 Allmetal wringer. Self adjust- inches square. ing. Instant tension release. 8 Cast aluminum tub—can't 9 warp, rot, swell, eplit nor Corrode—cleans itsell. motor for wired homes—Gasoline motor where 10 electricity is available. O Reasons for World Leadership Easy Deferred Payments Aluminum Washer — (O Washington Maytag Company, Inc. (Near 12th St. and H) Norfolk, dson-Morgan Eleetrie Co., Ine. C. ¢ Gaffer & Bro. To Cool, Va. iee’ Reynolds Hardware Co., Inc. Charlottesville, V o Albemarie Maytag Co. Inviting, Picturesque BAY RIDGE ESTATES ~ On the Chesapeake ~ If you seek crystal clear salt water, blooming flowers, singing birds and gleam of a summer sun. cool breezes that defy the torrid If you seek the utmost in life, come to this land of beautyand comfort. The finest bathing beach on the Chesapeake (three miles of it), pure artesian well water, beautiful hills and glens, majestic trees, a pro- fusion of verdure, life, health—in fact all the elements of an ideal home blend into perfection “nsurpassed. this sort of super performance. But the proof of what ESSO is really rests in your hands. Test it today. Test it in any way you want. Start clean with a tankful of ESSO. Watch traffic melt away as you beat the whistle. Start cold on the longest, toughest hill you know. Watch ESSO pick up speed, go sailing over the crest in record time—clean ahead of the rest of the field. That's exhilaration, that’s power, that’s speed;,—that’s ESSO. After this test—we'll leave ESSO to your judgment. Red in Color. Packed with Power. On sale at the ESSO pump. - And Well Located Homesites Are Priced as Low as $750. With 107, Discount Right Now! “Remmember! It’s 10° Cooler” Bay Ridge Estates 14 East Lexington St. . Phone Calvert 2353 Esso is already proven This giant motor fuel has already roved a sensation in Baltimore and Washington. The local reputa- tion of this special “Standard” blended motor fuel became so favorable that in the short span of a few months its fame spread to other cities and states. What consistent use of Esso gives 1. All your motor’s power—and no knocks. - 2. Greater flexibility — less gear shifting. Freedom from use of choke— no crank-case dilution. Quick start—lightning fast. Instant pick-up—quick as a cat. Speed and pull for the long hard hills. New and longer life to the engine. Washington Sales Office 1407F St., N. W. Opposite New Willard Phone Main 10220 Annapolis Office 12 Church Circle Phone 110 The result was such a widespread demand for the great motor fu that the Standard Oil Company has now decided to market it generally. So, in order to avoid confusion with other automotive fuels and to give such a distinctive product a really distinctive name of its own, this special super fuel will hereafter be known as ESSO. Ask for it by name—ESSO. * STANDARD 3. Be Our Guest! De Luxe Pullman Coaches leave daily at 1 . M.—you are invited to see Bay Ridge Estates without fee or obli- gation. TRADE MARK REG.US:PAT. OF), OIL COMPANY (N.J)