Evening Star Newspaper, October 11, 1926, Page 28

FUEL BIG PROBLE BF GAS COMPANIES Oit and Coal Each Have Ad- vantages for Manufacture of Product. BY J. C. ROYLE. Bpectal 1 atch to The Star NEW YORK, October 11.—*What fuel are we going to use?” that is a burning question with householders and industrial plants all over the country today and is also facing the executives of the manufactured gas | companies of Americ athered | Atlantic ising that a f supplving industry such the business need concern itself fuel for its own manufacturing proc esses, but the problem from the gas man’s viewpoint is even more moment ous than that which faces the ordi nary fuel consumer. The gas decide between coal and The gas engineers are worried about the future supply and of ol The industry consumes in its manu facturing proces: a hillion sallons of il As a r: oll is absolutely companies which must live heating value standards the various regulatory bodies. The laws governing these standards are already on the statutes and cannot be changed over night. and as a re. sult of the report of the Federal Old Conservation Board the appre- hension felt by gas men has notice. ably Increased No one can say the answer will he. The data which Wil be addveed at the coring conven- tion may determine the general atii- tude, but there are some esecutives Wwho are inclined definitely to turn to coal gas proces which have been ured since the industry was in its in fancy, and leave oil to those who are more optimistic over future supplies. Oil men, on the other hand, point to the fact that since the petroleum in dustry had its modern inception in 1854, development of new fields has heen sufficient and more than suffi- clent to meet demunds despite the enormous increase in consumption of fuel oil and gasoline used by steam, Diesel and automobile engines. el | man oil. cost ly Is Essential. erial, this supply of those ip to highs imposed by for certain what MEN AND MONEY By M. S. Ruk (Covyright. 1 The New York money market is ne The ebb and flow pends on mal, nationa the war a local institution of funds dmes inte iefor | nat some- facio | only a provinciai | | financial capitat, New York has be come the gola cenwer of the whole world. For the first time in their his tory, the members of the Investment Bankers' Association of America, to which the chief fushioners and vendors of bonds belong, will recognize the international sigm e of their work by meeting ou the geo graphical limits of the United St I'he convention oens tuday at Quebee Before the war Canada did vicwally 1 of its international finaneing Erough London. Now it leans heaviiy on New York and Canadian issues en « hig ¢ of popularity 1 the d States he chief value of @ trade conven tion is the widening of huwman con tets. After discussing technical in vestment problems for four aays, the makers of bonds will select o new Iead for the association A Boston banker, Pliny Jewell, is slated for the residency of tae association. Under Mr. Jewell's win tion the axso- ciation Wil profs ighten its im- pulse o crus: various forms of public explitation in the realm of finance. Mr. Jewell, who is a grad ot ard Univ . has alveady entitied with fraud-fighting uc- as a director of the Boston tter business bure fore en- wering hanking Mr. Jewell was a news- paper man. If he still remembers the smell of printer’s ink he may be able Lo instill a_hetter conception amo investment bankers of the psychole of advertising. Although banl copy has shown improvement in re cent gears, much of it ix still of the wmaestone variety. Active on Conduct Committee, Mr. Jewell has been a bank Boston for 20 vears, and in vears has been active in Investment Bankers' Asosciation Wopk as chair- man of the business coaduct com- nittee and chaivman of the New Fngland group. “The outstanding phu Ant business prosperity i spread recognition that at the end of the vear depend more m volume than high prices. At pr . we are experiencing good time: commodity prices have been S < High prices, dam up the str and limit the purcha consumers. Prosperity the channels of trade Uni se of the p the wide- real profits matter of fact, s of commerce ng power of comes when re open. and Will Present Statistics. Alexander For r of the Ame: will present th ard 1y man i Gas Association, statistics gathered hy | the association. They will show the for the first time in the of the industry the man S0 called carbureted water gas, made from coke, steam and gas oil has shown a decline, In 1925 the total amount of this gas produced was 5,000,000,000 cubic feet under the total of 1924, The fndustry last vear cut its consump- tion of oil 35,000,000 gallons under the tigures of the previous vear Henry 1. Doherty of New Yorke operator of a huge chain of gas, eleo tric and ofl companies, points to the reduction as a justification of warn ings he has issued for the last five The Doherty interests have res tedly stated the industry would do well to get back to coul. H. C. Abell's C. Abell, vice president of ectric Bond and Share Co., president of the association, will the delegates to accept his solution of the problem. He believes the industry must rely wholly on coal despite the fact that in 1940, he says, the United States will be burning as much coal a8 now is consumed by all the coun- tries of the earth. The solution, he| contends, lies in economical use of coal and such flexibility of rajes and heat ing value standards as 'to give the | greatest service in heat the least | money. Tle believes the future will vequire such flexibility to permit | manufactureers to deliver zas of such thermal content will “make for greatest conservation and predicts an industry four times the present kize as a result. ! Mr. Doherty predicts that within | 20 years burning of coal in the state will be prohibited by law, and | Flovd W. I ons, el weer, goes \d says @ lwap of coal will | fosity 10 the next gene outside the fuel hins of utili panies, the mines and nuseums | Whatever action convention tukes, it will be of momentou im pomtance to hoth the and coal in dustries EVERYMAN’S INVESTMENTS HUGHES. sect ution. raw ation | com | i | 1 il BY GEORGE T. Inventories. The last and most under the head of current # balance sheet this is so is not h Cash and marketal sent definite fixed accounts receiv due n dollars a less the usual dedu able bil But i goods for sale and available o meet current lubilities until the sala has actually n effected. For this reason wories in balance sheet are usually rexarded as requiring explanation In recent vears s emphasis placed on this point has bheen doubled Probably the experience of so many corporations following the great de flation of 1921 still linwers the memory of bankers and merchan allke. The house which at that time had large sums tied up in inventorie sustained enormeus losses when com- | modity pric d ou their wr downward plun Then it was that the now much-talked about custom of hand to-mouth buying came into favor. So when inventories bulk large inj the balance shect the trend of | the commodity or commodities con- | cerned becomes 1 ant. A lurge inventory may be a source of | weakness if prices Quite the contrary. it muy wurce of strength. T the reader of thel halance sheet will have to decide for himself, remembering that the amount | set opposite this item represents the | value assigned of the date the balance sheet is made out signi item sums 1 upon ior collecta mtories include for S sta price be a i goods flow freely from makers to u: In spite of the current highly com- petitive situation in which profit | margins on individual transactions are, generally speaking, smaller than in the past aggregate rporate profits in 1926 arve likely to prove larger than in any previous vear in the annals of American barter. My recent conversations with presi- dents of key companies in leading industries indicate thed profits in the third quarter compared favorably with the corresponding three pros. perous months of 1925. Is Earnings to Set Record. My own impressions are further substantiated by a survey the American Bankers' Association Journal, which, in publishing the re- says: “With reports of some 230 leading cor- uble showing their earnings for the first half of 1926, it is clearly indicated that the business profits of the present vear will set a4 mew high record. The agsregate earnings of this large group $568,000,000, compared with $470,000,- 000 for 19 a4 n of 21 per cent. Of industrial corporations’ reports published, 65 per cent run ahead of last year and only 35 per cent fall hehind.” Stoc rily cor market speculation is prima- rned with business proiits, hut the present favorable results have to a large extent been antici pated by the long upward surges of speculative security prices. The spirit of Fascism was revealed | n Detroit when American Fede tion of Labor leaders were denied the hospitality of ain churches and the Y. A, in America’s fourth city. Mussolini in his zeal as an efficient administrator does not hesitate to intrude on the personal ty of the Italians. The tradi tional American idea, however. favors free speech and the liberty of a self | overning people 1o choose between truth and error. Detroit is a great and the automobile executives g our most able leaders, but they need sharply to be reminded that there are more valuable and treasured concepts than even mass production; and among these freedom of speech and As a matter of act, American -ation of Labor leaders, as judy the world labor movement, " are conservative. The Detroit incident is the most disgrace- ) \ 1re How that value is fixed is vital matter. The ordin nother ry procedure their cost that st price the cost. Mos sheets state how the value of inventory has been arrived at. With out such information it is ditlicult obtain a from the P tion or ap®l preotation in the market value of the | inventory it is essenfial that too large @ part of a corporation’s shall not be taken up with ruing of goous. Of coursy. the amounts necessar vary with the nature of the business in which any particular company engaged. That t allowed for For the purpose nent a sts, however ortant thir that & corpe incial « tion {8 stronger when it has sufficient current assets to cover its current lia bilities without relying upon the in. Toorawlshit 2020 or at the 1 is | lower than is ad of soda hereafter tak: hitt Phillips Milk of Magnesia” in water any time for indigestion or , acid, gassy stomach, and relief will come instantly. Better Than Soda For fifty years genuinc Mg sou “Phillips been pre- s because it over- of Magnesia” has ed by physiciar comes three times as much acid in the, stomach as a saturated solution of bicarbonate of soda, leaving the $tomach bweet and free from all | ot i fela of PHILLIPS' Milk of Magnesia gases. fermentations gently urges this souring waste from THE ful of 1ts kind since delegates to the | Chamber of Commerce of the United States convention in Atlantic City in 1920 hissed Matthew Woll, vice president of the American Federation | Labor. who had been fnvited to make an address. THE BUSINESS OF GETTING Should You Indorse Notes for Others? The role of being a good fellow is! costly and, if pursued without the ut-| most discrimination, s likely to lead | to financial ruin. | Every well-to-do individual ix occa- | 1 upon by a less afflu ¢nt acquaintance who in one form or another asks for a lift. The most in sidlous form of horrowing is the r quest that one m indorse the promissory note of another. It s in sidious because the seeker of the favor | irequently attempts to disguise the real significance of the operation, say- 5 You put up no money, or suffer no inconvenience, but merely sign your name on the back of the note. | If a census were made of the men | who were turned into suckers by their | inconsiderate friends it would probably | veal that more harm has been done | through indiscriminate indorsements | than through lending cash which was | never returned. Indorsing a note is accepting a con- tingent which means r the borrower fails to repay the money borrowed on the day due, the ipdorser must make rood. Broadly speaking. no one should indorse a note for rge amount without getting the seek- er of the accommodation to take out a life insurance policy in favor of the indorser for the term of the note. Lven the best intentioned and most | honorable men are frequently pre- vented from carrying out their promises by premature death. sionally impo Rather Lend Cash. Apart from your regular as a business man or banker, never indorse notes for others unless there is un overwhelming human situation which justifies you in departing from sound policy. Rather lend cash to a needy friend than lend credit through an indorsement, for the recipient of cash knows what he is getting, where- as the beneficiary of your indorse- ment likely to assume you are merely writing vour name for him. Regard your ydorsement as virtual- 1y the same as a loan of cash. Remember that there is something the matter with the credit of the man who has to lean on his friends, for in our present financial structure there are regularly organized banking agencies which will take care of the great miscellany of flnancial needs of the man who is a good risk. Knowing this, vou will nevertheless sometimes find human reasons why you s depart from stern and sound financial | practice, but in doing so bear clearly | in mind that you have entered the philanthropy and left the realm of busines: Many individuals think loosely and vaguely about financial matters hinder their own success and the wel- fare of their dependents by accommo- dating strangers who are merely bent on_exploiting their good nature Abuses in this direction have be- come so common that business men, in forming a co-partnership, fre- quently exact promises from their a: i that they will under no cir- s indorse notes for any purposes outside of the activities of the business itself. When vou help out the sick or the needy, charge the expense to chairty; don't loan” one of your reali you will be surp; find such loans repaid, but, if you keep your person- suggested, vou will not be fooling yourself. ctivities AGGREGATE EARNINGS GAIN. NEW YORK, October 11 (P).—Ag- BT te earnings of $568.000,000 for the first half of 1026 by about of the country’s leading corporations in dicate that the business profits for vear will set a new high record, ated in the current issue of the an Banker: iation Jour- nul. This figure compares with $470.- 000,000 in 1 in of 21 per cent. Of industri porations’ reports published, 65 per cent ran ahead of last_year and only 35 per cent fell be hind. “This evidence of prosperit the report sald, “is impressive, par- ticularly in view of the misgivings felt in many quarters a few months ago as to the current year's business.” MAY RAISE DIVIDEND. NEW YORK. October 11 (#).—A 2 the stock of Stand- of California. on the San Stoe change above 61 brought rumors to Wall street of a. profitable dividend increase at the directors’ meeting on October 2 COTTON IN EGYPT. CAIRO, October 11 (P).—The condi- tion of the cotton crop in lower Egypt is placed at 96 per cent of normal, in middle Egypt at 104 and in upper Exypt at 9. 1" Besides, it neutralizes acid in the bowels and the system without purging. It is far more pleasant to take than soda. Try a 25¢ Bottle Insistupon “Phillips.” Twenty-five- cent and fifty-cent bottles, any drug- store. “Milk of Magunesia” has been the U. S. Registered Trade Mark of u EVENING STAR, WASHINGTON, D. The Charles H. Phillips Chemical Company and its predecessor, C%nlu H. Phillips, since 1875, A Milani’s. . ... 180 Kitchen Bouquet . ... 390 Tobasco Sauce...... 350 Lea & Perri.nszgc Crystal White Laundry Soap 5 Cakes, 23c PRICE LEADERS 1Yac old Dutch Cleanser C., MONDAY, OCTOBER 11, 1926. A Store Near Every Home s 23¢ Cleans Drains. . Checolate-flavored drink—it’s BLACK FLAG Small ........12¢ Large ........29¢c Lava Hand Soap Fine for mechanics Per Cake, 6¢c our Famos GREEN BAG COFFEE e 1. 39¢ Special Extraordinary on Washington Flour It's heen a long time since prices on any kind of flour have been low. So we took it for granted that vou would welcome a real flour bargain. We picked out Washington Flour for you because it is a wonderful all-purpose flour, good for every purpose for which flour is used in your kitchen. Washington Flour is made -right here in the city, the big Wilkins-Rogers mill in Georgetown being one of the big buildings so much in view as you cross the Key Bridge. So here are the prices, truly extraordinary real bar- gain if there ever was one: 12-Ib. bag Biggest Value in Evaporated Prunes Not in many years have you been able to buy two pounds of genuine. Santa Clara Valley prunes at such a price as this. We Offer Special This Sale Ensign Prunes 19 Cartons (2 Lbs. Net) Per Carton A Carload of Newly-made Ocean Spray Cranberry Sauce Has Just Been Received WHAT IS IT? “Ocean Spray” is cranberries, cooked and prepared so that the product comes to you in jellied form, much as you would prepare it in your own kitchen. WHY IN TIN CANS? Why should you pay for glass containers when by pack- ing in tins the manufacturers can offer you practically twice the quantity for the same money? When opening the tin, cut the side tin and not the flat top. Then, by dipping the tin in hot water a moment, the eontents will come out whole. 1f you like cranberries, don't fail to try a tin. You'll be back for more, and in a hurry, too. Per Tin—This Sale Queen Olives Packed in 32-Oz. Size Glass Jars, Per Jar 39¢ Bunny Welsh Rarebit r very popular. Have vou tried it? PerGlass 2 3(: Star or P&G White Soap “Slim Jim” Pretzels 3¢ 14c 13¢c 29c 25¢ 19¢c White Potatoes, 10 Ibs., Sweet Potatoes, 51bs,, Cabbage, Ib., 3c—Onions, 41bs., Lemons, per dozen, Cranberries—new crop, 2lbs,, Tokay Grapes, 2 Ibs., Use More Apples Right close to your home we bring to you the finest of apples, grown within 100 miles of Wash- ington. One of the largest crops in history is being harvested. Apples at our prices are no longer a strict luxury. but are within the purse limits of every one. Apple growers are getting but little out of their crop and not much if anything is being done to in- crease the consumption of local grown apples. Yet this section produces many varieties not excelled anywhere. " Apple pies, dumplings, sauce, cobbler, baked, fried and tlozens of other uses; won't you help the grower to get something for his crop by doubling your apple usage for the next few weeks? “An apple a day food. Grimes Golden 7 Lbs 2 B¢ Known by every one— Thoroughly chill an apple before eating—it’s worth while. Cooking Varieties 01 25¢ Western Boxed Apples Jonathans Ibs. 5c —remember, apples are a healthiul Local Grown Grimes' Golden Winter Bananas for Dried Fruits Small Prunes— 3 1bs., 25¢ Iris Peaches .....19¢ Ensign Peaches— 1b., 22¢ Apricots . ... .lb., 30c Sun-Maid Raisins— pkg., 14¢ Sunsweet Prunes— 1-1b. pkg., 19¢ A Product of the National Biscuit Co. Large Package....... c We are reprinting below an article from the N. B. C. magazine. Read it. We believe it will interest you. Pretzels Are Valuable Food By Dr. Daniel R. Hodgdon. (Editor's Note—Among the many posi tions of prominence which Dr. Hodgdon has filled are' the following: Formerly President 51 Hahnemann Medical College and Hospital of ‘Chicago: Director of Indusirial Eudea- tional Bureau: President of Collegs of Tech- nology and Director of School of Tecknology, Neiark: Lecturer at Newark Institute o Sciences, and Member of the Facul- ew York' Unfversity and New Jersey State Normal School. Pretzels have in recent years found much popularity with the American public, and this popularity is increas- ing every vear, due, no doubt. to their wholesomeness as a food. Not long ago they were a Dutch and German food, almost exclusively, in the Ameri- can diet. They are now a permanent commodity with us. We need only to inquire into the ingre- dients which are used for making pretzels to assure ourselves they are good food. Aceording to a prominent manufacturer. to whom the question recently was put. ‘the {"of good pretzels i flour, blended, to which 1a ‘added yeast and shortening. 'The mixtura is made nto a “snonge.” st smilar to that for homemade bLread and allowed 10 stand over night Whatever we can say for the nutriment in grain flours—and that is a great deal— we ‘an say for pretzels. Products made Trom wheat flour, as has been previously pointed out in these columns, constitute fr great earbo-hydrate foods, our cnersy- rodticing foods: that is . thelt great contii- Biition 16 the diet. They also contain some mineral matter. Ticluded in {he small but {mportant min- eral content of pretzels are eslcium—valu- &hle for the feeth. bones. beart and muscle A agnesiom, potassium. sodium, phos- Pphorus, ehlorine. sulphur and fron. Magnesium_playe ite part with lime (cal- cium) in body building. Calelum, magme- Siim’ and eadlum salte. are found o' bone, tendons, cartilage and blood Tron ‘is Dresent, perhiaps, in the, smallest amount of any of these minerals. but is in @ form ‘which ‘may be absorbed and o important. _ All the minerals in the pretzel, though small in amount. are in good bal: ance. and when pretzels are eaten regularly fhe sum total of the mineral contribution made by them to the human system is worth while. Tretzels offer a change from other flour prodiicts which have become habits with tua long with our regular meals. Pretzels with Ealads instead of crackers, pretzels with coffee for breakfast. and prétzels with milk are_all good combinations Pretzely’ eerved with lemonade, or mich carbonated drinks fn the summertime make & similar appeal to that of the traditional “pretzels and beer. New ‘uses for Dretzels ars continually heing discoversd in these prohibition dava. The pretzel undoubtediy has made for {tself a permanent” place in the American diot t course, the distinctive feature of pret- 2els, differentiating them from all other Aour Products, lies principally in the baking Process. The dough is piaced in a machine that drops it in lumps large enough for the making 0f a pretzel on a traveling belt These lumpa are passed before a_ grooved board and the dough pressed into “strings of the Tight length for a pretzel. After an immersion that" takes about a ‘minute. to give them their characteristic gloss, the et zels are ready for baking. Tt is the tremendous heat under which pretzels are baked that gives them a_great geal of their sueclal consistency and fiavor. e baking takes only from five to eight minutes. After they 'are salted they are kiln-dried. and the best grades aro packed in sagitary boxes. n one town fn this country whers pret- zels are made it 1a sald that 12 tons are consumed _each ' week. or about 24.000 pounds. or about a million individual pret- zels. Tt 18 a tribute to the pretzel hakeries in this town that the people who have the opportunity to observe the procesies are the best customers. One 0f the strongest points in favor of pretaels is the tact that they reqiiire hord chewing: that is. they call for renl iwork Trom the Teeth. and this work strengthens ihe teeih, brings blood 1o The gqums dnd 4o Keeps (hem healthy ' This increases the floi o] saliva. Uius aiding in digestion” mof oni of the pretaels but also of other food that ealy AR . on VAR I ework (N. J.) Star-Bagle. All of One Kind Or Assorted as You Like Van Camp is Couponing the city Northeast Washington comes tirst. The coupon, if used, necessitates a purchase amounting to twent - five cents of Tomato and Vegetable Soup. Read the coupon, it is sure to interest you, and remember that we are anxious to redeem it for you. 6 Cakes for 25c Granulated Sugar 10 16s.59¢ |2,z-glb $1.48 100-1b $5§ == bag You are sure of the finest quality at all times Land O’ Lakes Sweet Cream Butter Once you accustom yourself to the mild, sweet flavor of Land O’Lakes you'll never be satisfied with butter of lesser quality, Land O'Lakes is for people of the most discriminating taste. ‘There is no better butter procurable, regardless of price. A trial of one pound will convince you. Direct from the Land O'Lakes to our warchouse r hence the low price. Per Lb. 5 5C Loffler’s Sausage Any kind carried on Loffler’s wagons will be secured for you on request. We quote here: s Loffler’s Pure Pork Sausage 11b., 35¢ OTE—In a day or two we will be able to furnish you this product in ONE-HALF pound package or roll—a convenient size for small families. Campbell’s TOMATO Soup. .3 cans, 25¢ Campbell’s Soup, cther varieties, can, 10c Van Camp’s Soups. . . . ......3 cans, 25¢c Libby’s Sauerkraut. .........2 cans, 25¢ NUTMARGARINE FigtPeze ), 25¢ Purelard...... s e seve < SN I0C NEW | Almonds. ............lb, 37c CROP | Brazil Nuts...........lb., 19¢c Golden Crown Syrup..............15¢ VANCAMP'SMILK...... . percan, 10c RALSTON’S CREAM of WHEAT WHOLE WHEAT | Large ........24c Pkg., 24c Small . ... 14¢ Orienta Coffee............ PRPRRR | (< Maxwell House Coffee.................lb, 55¢c gerator—