Evening Star Newspaper, October 4, 1926, Page 30

30 BUSINESS IS QUIET INCENTER MARKET Melon Season About Over. All Commodities Remain Unchanged. RBusiness was quiet along the whole- sale market this morning. a usug condition for Monday morning. De ers thought this morning’s warm weather s i to reduce the ber of shoppers. At wholesale houses along I street there were many attr of all kinds of fruits representing all sections of the coun try and nearby possessions, and buy, ers were able to make selections with out diffic watermelon season s There are a few melons on hand. hut it is probable that many more will be brought here. It was reported at Municipal ish Market that the last watermelon boat of the season has departed for the its owner to. engage in husiness the remainder of about till not all the practically antially of sul Today's prices commodities were same as Saturday’s pric 's Wholesale Prices. 1 pound prints, ., 35. 4 stor keys 3 white Lex fowls roosters iz, 200 old, 15; keat old, 34240, Dressed broilers, 33a old, 40 Meats 30; frosh 4: loinx, 33434 smoked shoulders Live medium, Toda Rutter ancy store | Fresh selected current rece Poultry, hlulll'l henn ducks, coung, 50 60 a42 90 choice, Iambs, 14; 14, stock —— Ci 11a12; thin and Vegetable Review Today's market report on fruits and vegetables, compiled by the Market News Service, Bureau of Agricultural onomics, says Apples temand hing- A fancy round liberal; boxes, W size ext rostly Jonathans, 2.25a combination extra Winter Bananas, 2.95 sushel No. Supplies izht, market steady ton, medium to larg Delicious, 3.2 0. extra fancy mostly -t 18t Maryland . inches Grime whes up John 3inch Delicious. varieties. medium to 1.00; sma e mostly Cabbage—Supplies mand light, market stead York, bulk per ton domestic type, 24.00a25.00. Pennsylvania, per ton, Danish type, no sales ported fancy and Vi 1.00a1. thans, in larg, e New round bulk re. light; demand New York 23 crates mostly Supplies ket ste light, crates i supplies light; de. mand moderate, market steady; New York, Zwquart Climax baskets, Con cords, Delawares and Niagaras, most Wyoming Reds and 18, pplies moderate moderate, rket about ste York. 2-dozen crates, biz Boston type, dinary condition, 1.5¢ alifornia and Colorado, crates, Iceberg type, 31,5 dozen, 4.5024.75; few, 5.00: Colo rado, ordinary quality and con Attion, 1.00 Onions —Supplies light light, market steady: M Tndiana, 100-pound sacks £ No. 1, mostly 2.00: New pound sacks. yellows, 1 1.75a2.00, Peach pes— Eastern htons, Tettuce demand ni dy; New some demand higan and vellows, U York, 100- 8. Xe. 1, Market Steady. Peaches—-Supplies moderate mand moderate, market steady; York, bushel baskets, 1.75; some ordinary qu tion, 1.00a1.25; Hiley ¢ 1.65: Rochesters 5. New Jersey. bush tas, medium size, ordinar: Virginia, bushel rge size, good de. New most ordinary quality, baskets, El condl- baskets, condition demand mod New York Pears—-Supplies 1 erate, market steady bushel haskets Bartetts. No. 1, zood condition some ripe. 1.50. 1\Waikh ington, hoxes Anjous, 3.30a3.75; small to_medium size. 3.50 Potatoes—Supplies moderate, market firm pound sa Cobblers, U mostly 4 Sweet nd light Maine, =, No. der nnnul‘ 150- | | de Vir Supplies light; moderate, market steady <he cloth-top” stave | barrels, 1 No. 1. mostly 3.00. Corn—Supplies moderate; demand | moderate, market fairly steady: home grown, sacked per dozen sugar corn mostly 20 Tomatoes moderate grown, 2.00. best strt mand bushel bhask few fancy, 1 « iflower mo Loy York, MUCH FLOUR SHIPPED. Baltimore Exports of Commodity Potatoes m: £in: demand home- s ght Supplies market stro mostly 2 00 ns—-Supplies moderate market dull: Lome mostl un de- | rown, ! < 1.00: | Supplies 1 steady 400 ght: demand New York, other New ite: marke Island crates 30 Showing Some Gain. Spactal Dispateh t RALTIMOR weekly change that fl £hipmer ware exp prev £42.476 1 wheat 508.07 Other The Sta October the Marit 4. —The against 37 Grain nade 1 143 of ver t ast report were Copper. 840,102 932 tons of of cotton NEW YOB.K MARKETS. NEW YORK, October 4 (#) steadv: Spring pater Winter m«ighv: 6.1546.60: hi Rye easv 5% fob. New and 1.06% ©.4f. export, Harle steady; malting, S4leaRfly o i York. Pork barely steady family, 40.00. Lard easy: middle west, 14.85814.95. Tallow easy: spect & extra, 814, Wheat futur steady. domestic, December yods i d Win No vork barely New mess, 37.00 1 loose pened 1.45. ATCHISON EARNINGS. NEW YORK, October 4 (£) —Divi dend and interest requirements of t Atchison, Topeka and Sa 1928 were more than covered in firat eight months of the vear, s W, B. Btorey, president, while terpber earnings were larger than year with indications that those for Ootober and November may exceed the same months of 1925 He satd the cut of wheat was about twice as large as 1925 and he looked for condition to continue through the | vear. The ofl movement in the pan- bandle district continues heavy. Nearly every lm'm i1 the. Nethe landa nOW mAY. Use electricity, he num- | | of future political event one-half-bushel hampers, 1.75a | e | Fe for | this | MEN AND MONEY By M. S. Rukeyser (Copyright. 1926.) | The Tunney-Dempsey fight at Philadelphia emphasized that boxing has virtually ceased to be a sport and 1 has become & business. Before long, i the finanacial page may compete with i the sports page for the right to print pugilistic news. The outcome of the latest heavy- weight championship battle empha- sizes the utterly misleading character of Wall Street betting odds. Although [the odds were three to one against i him, Gene Tunney won the fight. The jevent was characterized as a rever but a search of the record shows that in nine previous instances where the championship title changed hands— {five in the heavyweight and four in | the lightweight the odds were wrong in ever: instance but one. Moreover. in the 10 mos important " |events prior to the Tunney-Dempsey fight in the squared ring since 1897, the odds correctly forecast the event only four times. The odds show a bad record of performance except in cases where the result was virtually obvious. Wall Street also quotes odds on base ball championships and political ents. In the case of world series for base ball championships. the late odds foretold the outcome truthfully oniv 3 times out of 10. Good ad- vice would be: Don't gamble. but, if you do, use your own judgment, rather ‘than blindly following the quoted odds. 0dds Far From Infallible. activity outside the legitimate func fons of financial districts. How ac- rurate are these odds as a forecast My inquiry indicate that such from infallible. The obstinately unknow- able. The citizen with a thirst for knowledge. though he has read the Wall Street odds, must still wait for the event to be certain of the out- come. Political odds, however, seem to be more dependable than sporting odds. 1f the bettors knew nothing ubout prospects and merely guessed, mathematical laws of chance ought to make them right half the time. The value of their forecasts therefore must he judged by their achlevements in excess of 4 50 per cent record for accuracy. The Wall elections had better ecord, but on world series and priz fights blind guesses would have been more accurate on the average. In the last 10 elections the late odds correctly forecast the event ¥ times out of 160, The odds were wrong in 1916 when the late President Wilson beat Charles E. Hughes in an exceed v close contest, which was in doulit several days, and again in 1918 when Gov. Al Smith Wefeated former Gov. Charles Whitman in New York Pretty much the same reasoning ap plies to the fleld of legitimate specu lation. At bottom speculation as now vried on is an individual, not a so cial art. To succeed in this engaging fluid _activity —and only the excep tionally qualified minority consistentiy succeeds—the operator must rely pri marily on hi€ own judgment, his own reading of the flnancial signposts and his own capacity to think quickly and to act instantaneously into odds the records are far future remains Street hetting odds on than a guessing Dopesters Are Unreliable. “The idea that the road to eas: tune lies in slavishly following dopesters is fallacious. Fore statisticians and writers of brokerag market letters may contribute useful clues, hints and diagnoses, but the trader who acts upon them without transforming such data in the chem istry of his own mentality to conform to his own peculiar requirements is in a fair way to part with his money The principal banks and investment houses in every large city are per- petually creating a vast body of printed matter on investments which 1s frequently of real educational value and practical utility Rusiness forecasting, still in an ex- perimental state, has not attained the dignity of a precise science. Business forecasts are accurate in the same sense that the weather forecast is. It all depends upon how much allow- ance is made for the element of time. When the \Weather Bureau predicts fair weather, it is always right, al- though it is sometimes necessary to wait four days to a week for the prophecey to come true. Predictions of fair business weather are equally likely to be realized if one is sufficient Iy patient. But for practical purposes a forecast is valu it is right in r of time Hurricane Not Discounted, Glib promoters who a vear ago were freely predicting what the future of Miami and fts environs in Florida for the lation to the element devastating hurricane. quakes, famine: Fioods, earth war, pestilences and other unpredictable events recur to vemind_each generation of the falli- bility of its prejudgment of the future, At best, even if made on the basis of 1+ more scientific technique than any hat vet been devised, business forecasts can be no more than tents tive and approximate statements of what events are likely to flow from s or prem The naive s who think that by subscrib. ing $100 a vear to a statistical service they can eliminate every element of and uncertainty from the future lble, indeed. Weil conducted I services which have made amination of the factors af- fecting trade and finance best give background and systematic In- dications of what s likely to occur, provided expected influer operate and are not offset by accidental fac- tors which have not been anticipated In practice, most successful busi ress men schedule thelr expenditures and sales prospects a year ahead, but they modify their programs in the light of changing conditions. Al- though the future may be unknow- able, all business plans are based on “tations concerning future pros- expert ex THE BUSINESS OF GETTING AHEAD Changing fashions in sometimes render the successiul dustries of one weneration unessen- { tial in the next For example, tun around New York have r {0f the ferry lines obsolete. Moreover, all style industries are subject to the changing whims of buy One sea- i there is a great clamor sweaters and other knitted goods and the next the products of the sam-» in- | dustry are unwanted. The wide- | read adoption of the boyish bob | has cuused the hafr ribhon indusrry {10 wither 4 he in- vestor in in ities must nd bridee ade al | { allow for these fluctuating tastes and | habits In a country where all is flux, estate. bevond all - forms af property, has the attribute of per- manence Morcover, well located real estate is always an essentlal, never a luxury. = | Furthermore, the owner of a small | parcel of real estate is his own board { of directors. He supervises and man- ages his interests or himself delegates |« subordinate to do so. H Investors Disenfranchised. On the other hand, of a small owner | of stocks and bonds is an outsider | without the power significantly to in- fluence the direction of the enterprise in which he has a stake, In fact, the recent inventfon of non.voting slocks leaves numerous investors Gis- Quoting betting odds constitutes an | ble in proportion as | |S. A. L. Closes Wlth Dillon-Read would be made no allowance for the | business | ol for | real | THE EVENING STAR, WASHINGTON, D. C. SVALL-TOWN CAR SERVICE PROBLEM Busses Fail to Scrap Trolleys Subsidy or Luxury Is Discussed. i BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, October 4—The future | transportation situation in the gmaller cities of the United States 'is the problem which is agitating delegates to the American Electric Railway \H-‘ sociation convention which convened in Cleveland today. Over 8,000 men, connected with t tion and bus oper- atlon, assembled in that city to try and work out a solution to the prob- lem. The situation in the larger towns causes little worry to leaders in either line of transportation There are two distinct schools of thought on how to solve the problem of the smaller town: The larger majority maintains the way to discourage private motor car competition is to give service so good that the motorist will leave his car at home. Noiseless cars, individual leather seats, better lighting and low steps are heing added to attempt the motorist. Whether they will increase busines: ufficiently to warrant the expense is problematical. Subsidy One Theory. The second school says all cities must help support public transporta- tion through subsidies. They point out that New York meets the 2 cents deficlt on its losing i-cent rides with city funds. San Franelsco and Seattie help their munieipal lines by relieving them of taxes. Property ownert berefiting by good transportation should help pay for it the same as tive car rider, it is maintained. Co-ordination of rall and bus service is being brought about rapidly in most ding cities. There are few fare wrangles of any magnitude. New York seems an outstanding case of lack of progre: Any one who thinks the New York situation i{s typlcal of the country generally is wrong. Traffic is increasing in practically all_metropolitan centers, figures made public by Luctus S. Storrs, managing director of the association, today indi- ate. The country as a whole has <hown an increase. too, but there have heen losses in some sections having cities around the 50,000 mark. The plain truth is that no traction or bus man knows just what to say thout the future of small city transit Such communities need public tra: portation. That is clear. It must be paid for by some one. That also s patent But by what means it shall be furnished and under what terms of compensation for the owners is a moot question. Bus men once id they were going to solve the whole transportatign problem by scrapping all electric lines 1d substituting busses, The plan as not worked. Busses Open Rural Cou . ction men thus explain the bus tion: Experience has proved that in Massachusetts transportation it costs more to carry a rider on a bus than it does on a street car Passen zer for passenger, riders occupy more street space on hu s than on cars. The public in many places has in sisted it liked cars better because they ran on rails and were safer in wet | weather. Finally, many of the 300 or more electric railway properties which have installed busses have not found them great profit makers. The bus has proved its worth as a help, though not as a general substi- tute for cars. It has opened much new rural territory. It has supplied a de luxe ride at an increased rate of fare The private automobile is the competitor of public service in smaller cities. ~ But invarlably. trac tion records show, as traffic conge tion increases, trolley and bus busi ness gain: Meantime, the electric railway men are hopeful. Answering pessimists, who have been burying the traction industry dally for 10 years, they point to progress. For instance. seven vears ago, onesixth of the Industry was in recelvership. Today most of it is out BOND SALE 1S MADE. situ real the on $11,336,000 Equipment Issue. Special Dispatch to The Star. BALTIMORE, October 4. Davies Warfield, president of the Seaboard Alr Line Railway Co., an- nounces the closing of negatlations with Dillon. Read & Co. for the sale of $11,336,000 equipment trust cer- tificates covering equipment thich he states is required to provide for the raflroad’s heavy increase in busi ness, the sale being subject to the approval of the Interstate Commerce Commission The equipment included in the trust consists of 50 Mikado and moun- tain type locomotives, 7 Seaboard dining cars (Pullman make), 47 ex- press cars, including 15 expressly de- | signed foc s 20 steel passenger coaches, 2,400 all- | steel gondolas, 1,000 steel under- frame box cars, & allsteel combi | nation passenger and baggage cars |and 50 steel underframe caboose cars. | STEFT, MTTYQ A’.‘TWE NEW YORK. October 4 (&), | production in the Mahoning V | this week is reported from Youngs- town to be continuing at 90 per cent, with eperations of tube strip steel and tin plate divisions above that figure. Merchant steel bar capacity Is active at between 80 and 85 per cent. CHICAGO, October 4 (#). alive, steady sprin ; ducks, -Poultr cars; fow 34: rooste receipts : turkey 23; geese, 19. TIRE PRICES REDUCED. NEW YORK, October 4 (P). — | Private dispatches to Wall Street from | London say British tire prices have | | been cut 15 per cent. | POULTRY PRICES STEADY. I= | enfranchised. Even if he has voted. | | the smal! investor can do little more | with his proxy than act as a rubber | stamp and approve the policies of the { group in the saddle. | The foregoing observations suggest ome of the advantages in holding | | real estate as compared with stocks and bonds. On the other hand. real is usually less readily market e. In times of declining real state markets the owner frequently | finds it necessary to hold on for a period of vears during which he would really like to find a buver; whereas the owner of listed stocks |and bonds can always turn his hold- |ings into cash on short notice. In! | emergencics, such as iliness and un- | employment. it is often desirable to | be able to realize quickly on invest | ments. Real estate is quoted in no regularly organized market place. Its ehifts in | value are subtle and unheralded. and only those with specialized knowledge and judgment ars able to eense the major rends, 4 $5.000,000 5-year 5 per cent notes. The Western Maryland Railway was one of the first carriers in the United States to adopt the sugges- tlon of the Interstate Commerce Commission that railroads sell their securities to .the highest bidder rather than at private bargaining. the idep prevailing that better prices could be obtained by resorting to competitive bidding. The experience of the Western Maryland in the sale of its equip- ment trusts left no doubt in the WESTERN MARYLAND OPENS BIDS ON BONDS Special Dispatch to The Star. BALTIMORE, October 4.—The Western Maryland Railway, en- couraged by the success which marked the sale of $2,278,000 5 per cent equipment tru: certificates a few months ago, when it sold the obligations on an approximately 4 per cent basis through competitive bidding, will open bids today for NEW Ask for Hostess Brand Pound Cake 1Lb. 28.; Our Famous GREEN BAG COFFEE Per Lb. Direct deliveries of meats to our stores enable you to secure these products in our store nearest your home, and these prices should appeal. Loffler’s Products Direct to Our Stores Cooked Sliced Ham, %-lb pkg. Frankfurter Sausage, per Ib. . Bologna, per lb. Package Bacon, 1/z-lb pkg Package Bacon, 1-1b. pkg. . Smoked Hams, per lb. . . .. Smoked Shoulders, per 1b. Extra Large Callies, per 1b. Strip Bacon, per Ib. . Narrow Bacon Stnps, per Ib. Green Sausage, pkg. or links. . . .. Kingan’s—Direct to Our Stores Crest Sliced Bacon, 1-lb. pkg. . . .. Crest Sliced Bacon, 1/2-“) pkg : Bacon Strips, per 1b. 5 Bacon Squares, per lb. " D. S. Fatbacks, per 1b. . . D. S. Clear Bellies, per 1b . S. Butts, perlb. . . . .. Sandwich Roll, per lb. Sandwich Roll, 15 1b. .25¢ Sandwich Roll, V4 lb T Jos. Phllllps——Dlrect to Our Stores. Original Pork Sausage, per lb. .40c Frankfurters, per 1b. . .. ... 30c NOTE—Where demand in any one store does not justify carrying the entire line, we will be glad to secure for you on request any items you desire. Van Camp’s Milk Why pay more when you can Camp’s at this price? .35¢ .35¢ .25¢ .50c .39¢ .28¢ .22¢ .45¢ .25¢ .35¢ .55¢ .28¢c .38¢ .28¢c .20c .26¢ .20c .45¢ Per Can 10¢ Lower Priced Canned Foods our standard brand canned foods Read the list carefully. .10c - 10c .. 10c buy Van This year many of are selling at lower prices. Blue Ridge Corn. .. ......... Silver Label Peas. ... ....... Van Camp’s Kidney Beans. . . Silver Lake Beets (cut pieces) . . 12l4¢ B. & M. Soaked Lima Beans. lzl/zc Discovery, No. 2 tin, Sliced Pmeapple 20c Libby’s Sauerkraut. . Silver Floss Sauerkraut. .. ... .10c Blue Ridge Cut Beans. .. .... .10c Franco-American Spaghetti . . .10c Beechnut Spaghetti .............12Y5c Ritter’s Spaghetti .9¢ RUMFORD’S Baking Powder 8oz tin......17c | 3 0zs........ Tc 16-0z. tin......32c | 6 ozs........13c 6-0z. bottle. . .15¢ (12 ozs........23c DAVIS OK. Baking Powder You are sure of the finest quality at all times. Land O’Lakes Sweet Cream Butter Once vou accustom yourseli to the mild, sweet flavor of Land O'Lakes, vou'll never be satisfied with butter of lesser qualit , Land O’'Lakes is for people of the most discriminating taste; there is no hetter butter procurable, regardless ot price. A trial of one pound will convince you. Direct from the Land O'Lakes to our warehouse re- frigerator—hence the low price. Per Lb. 5 50' MONDAY, OCTOBER 4, 1926. mind of the management that such a method was preferable. PULLMAN EAR.N'INGS NEW YORK, October 4 (#).—Net earnings of the Pullman Co. for Aug- ust, after taxes, declined to $1,614,- 622, from $2.208,037 in Augugt last ar and for the eight months of 1926, to $7.427,523, from $9,148,362 in the same perfod of 1925. Gross reve- nues for the eight months were $5. 955,088, against $53,238,351 a year ago. | by James C. Stone, president and gen- A Store Near Every Home Apples One of the largest apple crops in history is now being harvested. Sq tremendous is the crop that only the choicest are worth marketing. At all our stores you'll find the finest of apples and at prices most moderate. Local Grown GRIMES GOLDEN 6 = 25¢ Cooking 6 Ibs. 19 c Apples. . . West Coast Boxed Apples Grimes Golden 3 ]bs.. Winter Bananas 25¢ For Seasoning Del Monte Tomato Sauce Per Can 71 White Potatoes 10 lbs., 33c ONIONS 4 lbs., 13c CABBAGE Per Ib. 3c Sweet Potatoes 5 lbs., 14¢ Green Meadow Dairy FRESH MILK Pint, 7c Quart, 13¢ lFor seasoning sauces, gravies etc. Specially pre- pared for this use. Cream Gill, 10¢ 1y-pt., 19¢ Buttermilk, quart, 12c (Al prices for contents only) New Crop Cranberries 2 Ibs., 25¢ CARROTS Per Ib. 5¢ LEMONS Per dozen 25¢ Tokay Grapes 3 Ibs., 25¢ eral manager of the Burley associa tion and sales manager of the organi zation. The price was not announced The sale brings the total amount of the weed sold by the association to more than .000,000 pounds in the five years out of the 870,000.000 pounds delivered by the growers. The amount paid to them up to the pres ent time on this tobacco is more than $144.000,000, an average of $16.67 hundred pounds. HUGE TOBACCO DEAL. American Co. Buys 15,000,000 Pounds From Burley Association. LEXINGTON, Ky., October 4 (#).— The American Tobacco Co. has pur- chased 15,000,000 pounds of tobacco of the 1923 redried crop from the Burley Tobacco Growers' Co-operative Association. Announcement of the sale was made Many government employes in France are demanding higher wages Cook’s Layer || Cake j 25¢| 39c¢ Specials This Week Kirkman’s Borax 4 cakes, 23¢ Palmolive Soap 4 cakes, 25¢ Morton’s Salt 3 pkgs., 25¢ Sanitary Macaroni 4 pkgs., 25¢ Include and assort as you wish, also Sanitary S i Elbow Macaroni and Noodles. T A fine Layer Cake (14-0z. A Carload of Educator Snappy Assortment Cakes. in a one-pound carton. Our last A Carload of the Famously Good National Biscuit Co. went out ifl a hm‘r\: w- Bo 0 Ine Dbiscuit miss yours One of the most popular items in the National line. Special for this week only. Per Lb. C —Heinz 57— Perk, Beans and Sauce. . .....2 for 25¢ Beans and Sauce............2 for 25¢ Pork and Beans.............2 for 25¢ Kidney Beans.....................15¢ Peanut Butter............12c and 27c Spaghetti . . . e S Hard 12Y5c Pure Cider Vinegar...............15¢ White Vinegar...................15¢c Tomato Ketchup..........17¢c and 25¢ Table Mustard. . .. ............ Bulk Pickles, per pint. . . ... Apple Butter . ........... Chili Sauce. " Cream of Tomato Soup.-. .. Bottle Pickles.......... Bottle Onions. ........... Special This Week An assortment of ** tor” carload Don’t this time. Per pkg. ......... Price is quoted for one full pound. You know how good they are; better get several pounds. —Pineapple— We again call your attention to this wonderiully good sliced ripe Hawaiian Pineapple. which we offer. HONEY DEW Brand Packed on the Hawaiian Islands by the largest packers on the islands. Only the most select fruit in just the proper condition of ripeness is used in packing Honey Dew brand. You'll appreciate this once you have tried a can But the outstanding feature of this offering is the price. No matter what the cost, we could not secure better canned pineapple for the simple reason that there is none better than HONEY DEW. Supreme quality at Large a remarkable price. Can Nutmargarine “First Prize” brand is first quality for all uses. If butter is too high pric ed for cooking try rst Prize, gives most satisfactory results.