Evening Star Newspaper, July 9, 1926, Page 13

Baltimore. Authorities to Give: Pro- i “ducers. Btalls in Merket Bent .. Coaliand Iron Industries-Also Are.in Need of frme- « | 4BY 4. C. ROYLE. - Vestors and financiers see & consid- | erable gimilarity in the situstion mow | R facing (the eoal, iron and steel in:, dustries of England and the position | in whiely those industries find them. | g - ugu in-Canada. | ! the coal, iron and steel industries of the maritime provinces, operated um, der the British Empire Steel tion, threatened with extinction | unlees thé dominion government takes | ;omo redial action during the coming | The Dominion Iron and Steel Co. | chief subsidiary of the British Em-| pire Cogporation, which is a holding | company, has applied for a friendly | receiver, "and during the next year | § @ receiver will administer the plamnts | &nd the financial structure of the | eompany will be réorganized. ‘l\up&emd With Extinction. { The plaint ¢ from the Dominion | management and stockholders recites that uniegs the Dominion govermment adjusts {sFMf matters so that the gom- pany may meet foreign competition on more evep terms and make enough profit to> carry the heavy intereat charges démanded by its bond issues | it is thesatened with extinction and must scrp its plants and throw thou- sands ot of employment. Coal strikes in Nova Scotia flelds, @epressioni in Canadian business gen- erally . and “the impdrtation of steel produets. from France and Belglum Wwher *® deg;xcl:;sfl hc.ur'rlencbu. produced ¢ , 8T8 t is freely MI that plants. must be closed or the pricss of steel products cut se \ low that” interest charges and de- : ofi* cannot 1be r for. e recelver, the compan: tinue bond interest - ments and conserve working * in the vent hope that £ o government will' 80 ye- the N dustry S general will that rafivpads. will 7B ; Fres tor Three Months. BALTIMORE, July 9 (Special.—A plan to encourage farmers. to bring thelr produce to market.and sell .di- roctly to the consumer at lpw pricss s 10 be put into effect &t once My |. ice will be a: . Several already have applied for stalls., h‘r\m-::“h there are & small’ num: AID FOR CO-OPERATIVES. Favored by Jerdine du. Falk o] Western Parm Body. ST. PAUL, Minn, July 9 UP.< Legisiati red by eooperatives and give them .meces- sary credit to meet the situation, he told' the Amenican Imstitute of Co- operation here last night. A surplus of any crop may be due to faulty distribution, to a lack of the Government make :zhhh on 'FINMNCING EXPECTED. - n-c—tu in Huge and earsyand that thers will be an. end of hmpuu foreign goads fior eurrancies | countries ‘with depreciited Cspadian ] ‘olvin its pur duty and states that: duty in 1915 gave &~ g iron ‘vestme: in dts ¢ . Scotia. '.‘;Oop of those ::cnon. feel that adfstments mpst be made to assure continuation of the industry. jve gone so far to take the " stand some of the coal interests n ar:tqi and demand a govemnment subsi s The ‘.nt‘lu British- I:m;\ll-lo0 Steel organigatién provides employment » for lb::l 20,000 people: The ecoul te,. has strike, -Whick” did tremendous dam- age to shuipment, lasted from March to It is only of ilast year. the stgsl plants. which demand gov- ernm ‘gssistance. The e of the Nova Scotia pro- ducers §§ directed ggainst Eyrepean competitors rather than those of the United States, but they say the steel industey. of Nova Scotia hangs n the: ha?u. d that the receiver- ship & only emporary pailiative. MORTGAGE OFFERED. The M H. Smith Co. is offering a * pew isdue of $1,600,000 first m 63 pen esht coupon gold bonds to secul ‘by & first me on X Finance Buil ) addition, the mortgage wil D ip effect on the earnings EXPECTS BIG GAIN. NEW/YORK, July 9 (®.—Unfillsd on yl‘u‘n-nzoduhl, el . Hastings eays the company ex: pects to finish the vear with a larger gain thsh in' the fizet. half. B INTEREST RATES 1OW NEW YORK. July 9 (P.—London Aispatclies received in Wall strest sy ’fir:l.d dividends on both classes of pre- e Bteel Go. havVe been tted owing: to the M%'uulofi in thcq?fide. & b O RATE I8 UNCHANGED. NEW YORK, July 9 (#).~Goy- ernors of the New York Federal Re. serve Bank made no change yester- day in its prevailing 3% per cent re- discount rate. —————— e GERMAN' BONDS AND STOCKS.| (Quoted in_doliars per miltion marks.) Ger Gt '(w In) Bs 1914 ] sl H 4% 1910. { i n Ber % NEWSYORK, July § (M.~~Moody's |, ; weelkly isview of financial conditiona. to rendes them: e rity. prices- have mow - risen |: xception: dent - upop. the money{: Bave already. ‘seen the_ lowest of 1926, and even if pot, they are likely to do.se stock on Baldwin's Iron and |t broflers, 40ads; P) ;1% to 2 nds, 45 smaller, Tor Wiite. Leguoras, 35a34; fowls, Live stock—Calve: dium, 9.thin, 8a7; mediym, 3 13, 30; old. choice, hogs, light, cholcey Meats—Bebt, 17al heavy, 19; 30a3% 8 lamb, 30; veal, y toing! 3t | ! Holland. 2084, | Argeating and other co ] w‘ [ 4 P | Two's _comipany, three's a crowd, t Kmow, .she satd, | with fear. P 3 p* Birll " Helen was still waiting for Perry 2 and . 1 hereelf, ‘s it does no ‘I fact, I think every word I've saifl Soecial Dispatch o The Star,. . SALTIMORE, July 9K arop, cents a 'estern Winter S when Mrs. Ayers called My 1am coming nor'utl' 8004 | five minutes to, take you for a drive. | nies Be sure ‘to be ready,” Mrs. Ayere said. X - tfi | i $1g S e 4 H ) § i I igg 3 i & § i THTL "YORK, July 9 UP.—THb rans""" and ndry Co. Locomdtive Co., of back | man, was earnftig mon dividend. It sounded perturistery and that | page wa_‘."llno:.uu. Ayers' way. - © Am shie turned from ihe telephone 780 | she heard the front door siam. Helen wasn_her, she is help] when the girl is as headstrong as Helen is." She foresaw disaster, I Helen married - Perry her . life ~would.: be ruined. Yet how could she prevent. it?. She had spent sleepless nights ing & way, but still she was just where she was in the beginning. | And the weed, the ugly weed of a m: girl's fancy, was growing sky- Helen came running in y bréathless, animated. - She bung up h: hat :Ifi: ‘u song, she entered NEW WORK, July § (#).—France's room dancing. . . e 2 o o T eEadiy | Wend, schne, e, dv s t - i - despite mew customs duties on 5w en B s .| is going to hire a car and take me out to Heart Lake this afternoon.” “Anybody else going?”’ Mrs. Baker fnquired. . *Anybody else, mother . dear untries. ol rop ti o » Myra's breath guivered. She made up her mind that if Helen went on thie ride she would go, too. . 23 Nothing more was said. passed ulobtrusively. Afte Helen bedutified herself with best hat and mew coat suit. “She and -all . YORK, July 9 (#).—Operating ( of the American - and ph Co. for- May was $3.- 020,047, againet $3,067.580 in May last year, and for the five months this' year, $15.281.860. againat $15,605,052. uppliss moderate; de-| ; sieody £ | mand moderate, market s ~ the newly eq Lunch | - of the larget flet dothe West . Mrs. | than her daughter’s. _away, Once she thought she caught sight of Perry’s roadster in the distance, they .were taking the same road, but she was mot sure. Mrs. Ayers dro Tast, silent, with her eys on the n-‘z it came to Myra that Mrs. Ayers was following the young palr. And yet how could she know -about them? Myra had never mentioned the affair to -her, and at the present moment she had not had an o unity’ to say ome word. Indeed, it was all she could do to maintain her seat On they went. Mrs. Ayers bent all her energies to her driving. They shot past other cars, they cut in on turns until Myra held her breath. Up hill they raced, down came to a series of tortuous turns which led through dense woods. With an exclamation of vexation Mrs. Ayers wis compelled to slow lown. Sounding’ her. horn vigorously, she slewed round corners while Myra held on for dear life. . At the Tourth turn she ,stepped on- the brakes so suddenly that the car lurched fear- g He said /which he is chair- ‘more ‘than its com- L AT - T P PARIS, July -9 (M. —Prices moved: ppened - 10 your son’s_ car, vou know. Nothing serfous, Just a bad blowout.” - " Myra's look was no less startied “Well now. 1 told that young us FACTORY - | "HPC HOUSE $3.00 . 5 Formerly $3.50 e Gallon " The high quality of HPC will always be' maintained. No other Paint cam justify a higher price. Any color made to order. City Deliveries and Out of Town Shipments_ J. W. HUNT PAINT MANUFACTURER R CONTRACTORS, Bring Your aint Problems.to Us for Big Savings and Satisfactory Service ». . 1221 NEW YORK AVENUE N.W. - ' ;. 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