Evening Star Newspaper, September 6, 1926, Page 17

—_— ! ? o . demonstrably Incompetent ought to be | lative ventures of his own o in grant- | average—than they would be without indicated, some time last night. The Revenue in Year on exciuded from the market. ing credit to other speculators. Cus.{ future trading.” CREW OF BURNING SHIP | e o e ™ e The | “Credit should not he granted by |tomers’ deposits might well be safe- | Sale of The correct operation of the market [ kd Waste, flames.” lthe broker to facilitate speculative | guarded by public audit and by other | often suffers from the domination of SAVED 300 MILES OUT | “Gwing to a roush sea. the cum | trading in futures and margins suffi- | necessary regulations. large !rl‘d)i‘!rs‘—lhe r;lun{er._ tthe e RE S, mlm:shv\ax unable to approach close iclent to make it unnecessary for a me brokers are proud of the as. | nerer or the strong elevator interest-— | gopooner Robinson Ablaze—Coast | €NOUSh to use her firefighting appe- l Nels $1,050,410.13 | trader to unload in haste should be | similation of their business to that of | the report said. and suggested as a | | ratus. At lust reports she was stand | required by rule. Substitutes for ade- | banking, From this point of view, it | Temedy the issuance of regular statis- | Guard Vessel Forced to Await ing by, awaiting the arrival of other f > | quate margining should mot be al-| would seem desirable to put specula- | tical reports of the volume of open | i | Coast” Guard boats | By the Associated Press lowed. In general the speculator |tive brokers generally under such |trades and possibly the limitation. or | re Aid. The Robinson was known to carry — The Arfny sold enough rags, old —— should not be permitted to increase | supervision as has been found to be |at least the watchful supervision, of ol 1} g a crew of elght men. No record of Y | h t hi ind large individual open interests. By the Associated Press. 2 rubber, tin cans, bottles and other i . {his risks out of proportion to his | effective in protecting depositors in' North Carolina Leads 12 nitherto “waste® materials aurine | COmMission in Report for|tuna { the fiscal year 1926 to turn into the | i | bt s o = a steamer named Azabran was avail s avaflable for speculation, as |national banks Dimculties in the way preventing | BOSTON, September i -The crew|apte here. g |such” practices tend to increase’ the | The report said the academic argu- |Eambling by iaw were recognized by e e o i = - s y 5 : | Aluctuations of the market. ment in behalf of speculation is that it | the commission. which said that for | e saplbiaed s ¥ ¥ ey el SO Congress Also Asks Trad- it Conduces t0 stabillty of prices. this reason “it is better not to be in | Sinia capes last night. was raseued by Walter Pulitzer Dies. L 8] ‘urb on Margl . U .| haste to impose legislative restric- Aza , acco ou hE S < TR 5 ¥ Asks Curb on Margins’ Use. | “Under existing conditions of specu- | haste i legislath | e “,"I’r"‘:‘l g ‘[l“l'f s | BUFFALO, N. Y.. September & (#) ers’ Reglstrahon | “The speculator should be so dealt | lation of grain futures,” it said, “no | tions. § message re;l,e ed at the oston: . NLYL ] = with that he will encounter only the | such stabilizing influence has been | The report was signed by acting | Couast Guar base. ) s price risk he Intends to assume. found. On the other hand, no con-|Chairman Hunt, while Commissioners| The message was from the Coast| Alpert Pulitzer and nephew of Joseph “Tt is highly desirable, without ty-| vineing evidence has been found indi- | Thompson and Nugent were of the | Guard ship Cummings. which repor Pulitzer, journalist and writer of Elimination of the purely gambling | jng up cash unproductively, to pre-|cating that future trading makes opinfon that the recommendations are | that she saw the Robinson afire ana # b 5 & o A total of 44 lives and 272 persons element from the grain market should | vent the broker's employment of mar-'| grain prices clearly and appreciably | not adequate for remedying present | the crew being taken off by the Aza Inu\el{ nd short stories, died Iijured was the toll exacted of the | War and all the generals and &dlo- | be given l)ncrefulng attention of 4 | gins intrusted to him either in specu- | less stable—or higher or lower on the | evils. bran. The rescue was made, it was' yesteday. pedestrian and automobile-riding pub- | nels for a vear. e e gmgr:g;:;';;,; | He by traffic during the past week, it = = | for Congress. The Commission dis- | was revealed vesterday by a canvass {cussed the uses and abuses, also the | i s DEATH OF GUY GRAY [Girect and inctdental effects of future M" b Detal Sgreitod wr onE. | trading in grain, and suggested that | “ S any easures tending “to make the i ol s Jost o 2 'S0 NS 3 bt e eyt | RESULT OF ACCIDENT foxthanies e S a2 roearit | N /4 7 e e e ] —_— {of these customers’ methods of trading | AR ’ dents, one fatality and one injury | Benning (D. C.) Man, Pinned Be-| W ond to improve the situation | % 7R 3 each being reported in Georgia and | | States With 9—272 Per- sons Total Injured. ficer has figured out that th | vage revenue would pay, | other things, for 2.812 horses | mules; for all the hats and shoes | worn by the Army In a year and | the combined salaries of the com- mander-in-chief, the Secretaries of Walter Pulitzer, 48 vears old, son of By the Associated Prese here i | < | general remedlal policies rather than Tennessee. » | neath Overturned Car, Failed |Gennite measures designed to carry | Noith Carolina was out in the lead, R o / : | b 1 g i |such suggestions into effect. | with nine persons killed during the * to Regain Consciousness. | i ration (ot B st sing tol Vs Week. Georgia and Tennessee came | Tl {trade in futures,” it said, “might help = n‘!-xt, Wilh' five each, while South | . |in the development of consciousness Carolina. Florida and Louisiana were Pinned beneath his automobile. | of the responsibility Involv o 4 / i a three-cornered tie for third |which turned turtle on a turn in the | ————————— 7 with four each road near Largo. Md., Guy Gray rginia led in the number of in- years oid, of Henning, D. C.. was fured_persons. with 41 e | ey Ijured Tnst night. dying in | GOin Comfort and Florida reported 33 e vhile | Casualty Hospital 4 short time after Baitimore S Tennessce was next, with { Deing Brought there. HAElr Grace W hat was her mission, where A tabulation by States follows: | Police were informed that the ma Philadeinhia * .83.80 | . . e Killed. Injured | chine tipped over when attempting to From ‘Gray Line Offce. was she going, what did she s ] 4! | make the turn at a high rate of speed. | N0, T L outh _Carolina. . .. " 4 Passing motorists pulled Gray from . L 3 the wreckage and took him to the andiine miEe) @ know about the dead man? y loapita). 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