Evening Star Newspaper, October 14, 1926, Page 29

NEW ORLEANS, La.—One of the | announces from its head offices here \g J J : ; THE EVENING STAR, WASHINGTON, D: C., THURSDAY, OCTOBER 14, 1926. 29 hiak nhe AL TR et A e e A e Yy g power is neither mysterious nor se-|task of seleéting securities to trained BUYIN F I.UXURIES rgmbflred with the past month and Dukota, farms to push the program of 1 cret. It lies in trying to know what . the same period in 1925. $ VEW diversification. Farmers are being MEN AND MONEY (e rapip e vant E T R s O UCATT i (IO “One of the healthy signs is that COMMOD" Y NEWS sold 60 to 70 sheep on easy terms R standing the range of interests of the | have a specialized knowledge about ER TRADE |ccicctions, are satisfactory—mostly WIRED STAR FROM i ) people who read them. investments. Secondly, there is a fur- good. Another good indication is the .HA ZELTON, Pa.—The Wolfe Coal By M. S. Rukeyser ther safeguard in State banking lasvs report of several merchants that the ENTIRE COUNTRY | |Co. has taken over operation of the (Copyright.” 1926.) 5 . Has Influential Clients. which rigorously define the types of —_— the purchase of home furnishings it Point Coal Co.'s mines at Pond For 20 years this vendor of a view- | bonds and mortgages, which may be ; i o and wearing apparel stand out con- Creek, near here, which had not been Jacques Cohen, broker, Is the poet |point has told the Pennsylvania Rail- | purchased by savings banks. Baltimore Public Putting Much|gpicuously at this time. The only| FORT WORTH, Tex.. October 14.—| operated since the recent destructior laureate of Wall Street. road how to put its best foot for-| These factors should be extremely ' Moneo Into Automobiles—Nec- |notable adverse report is the oft-re-) West Texus oil production’showed an of the breaker. About 100 men wi s Other versifiers dream of human|Wward. For half as long, he has|important to the individual who i§ y . | peated one that the purchase of auto-|increase of 16,600 for the last week,|be employed : passions and emotions, of nature ana | rendered similar service to John D.|too inexperienced to manage his own cmies Business Tt mobiles and other luxuries continues|as chmparcd with the week before. . Fore|gn Issues to Attract At-|ihe open countryside, but Mr. Cohen | Rockefeller—father and son. And he | investment fund expertly. The sav- 4 to be a handicap and interferes with | The pfoduction. 336,085 barrels a_day WILL LOAN ON COTTON signs of ticker tape, bulls and bears, | Works for half a hundred other en-|ings bank through these two safe- — Jolima }:""g:*;‘-“?lgg': ‘;lh;x,:yg;g;“;':ys.m new high record for Tex } H H zain clerks and custc * | terprises who occupy dominant posi- | guards prevents the foolish man from | ¢ . 5 of the hol s ©lproduction for the fourth consecutive| RICHMOND, Va. October 14 (#) tention Is Forecasting T?,f,}':.'"”(lerkf'n"'.‘,’r‘u,f‘\thli‘m;r\ e | tions in basic industries—90 per cent |committing blunders with his savings, | SPcia! Dispatch to The Star be marked by the usual seasonal in- | eei. The Virgin olina Chem catches the Wpirit of hish finance in|0f which maintaln their own pub- |It automatically shuts off the danger| BALTIMORE, October 14.—The Bal-|crease in trade. | Bankers. his weekly corner of the Wall Street | licity departments in addition. of innocently acquiring fraudulent or | timore public is putting so much o3 . I, iy bl e Tl crtaie Sl i BB Journal, Mr. Cohen knows the color | M. Lee resents the suggestion of h‘%’;\‘yfl’l":““l‘fl““" -"“’Ck'; e money into automobiles and other BONDS ARE CALLED. Orlats 1 ‘r..‘xil(\:;n‘u-h‘r’"*&mm «::“ l1)“1.: K: :“ |‘er : e " e L|' e it P Shrear arary - | his critics that he thrives by putting e first step in my personal finan- |, i ; 4 | ans is « e state-| debted to it 10 cents a pound on cottor g =t of the Street and his literary prod- | IS CRUT that hE s e He be. | clal program was to bulld up a sat. | "luXuries” as to reflect disadvantage-| - N13W YORK, October 14 UP).—Beth-|ment that spigners are paying Htte | gored in bonded warehouses at BY J. C. ROYLE ucts are perhaps more significant be. istactor: vings bank ount. I in-|Ously in the volume of trade in the % 5 . .| attention to cotton offers at present | St cause of content than form. lieves that newspaper editors are too | (8{actory savings bank account. 11| nocessaries of life, according to the|lehem Steel Corporation has called for | NIARA0, b VoL CREE €0 ) t! rate of 5 per cent interest. The loan Orevober 14— Fashions in|_ Mr. Cohen started in Wall Street|smart to let him and that, it he ald | ov 0 KePR & PICTRE L BiE STTIRRR | business report of the Baltimore Asso- | redemption $1,331,000 of its 7 per cent | {r, %3 6% DI CRCH pefore buying.” ble May 1 when “as reguiarly as fash: | ot e s D e the oo ane ne wouln thus shut | cumulating @ current thrift fund, 1t clation of Commerce for October. equipment trust certificates on Novem- fiinene 55 Statewient declurei ot b sl c.lage of 12, At the beginning of this e ' - f espite this, the report asserts, gen- ¢ 15 @ ar a ridend - e 1 ouisville and| e rket for cotton should be othes, The investment bank- | 48! 20 verns hter e Started his |off the channels through which he ac- |18 xlse !oh pl;ce mr‘l:zll vnn‘l(oun(; inv’tge oral Dushiesy 1n Semgmber homed an [ber 15 at par and accrued dividends _,\_'}||| ‘\]xlr_a” l‘t;e 1 _umxn(] |.m.dl AL a5 1o ARGt DEIRE couture—the _ultimate ‘unhl('v‘re— up in business for himself in partner- m_;:mu ){x& is also frequently uhargid g;“od s s i'uon!h as well as over the same month | each share to maturity. total $4700000. This, together with . o e hre n frocks. | ship with anoth -runner and two | With grafting newspaper space. As ol _|last vear. e = - tbibies : 7 . arisian dressmakers are in frocks, | Ship with another ex-runner and two | [0t £75 JTE _CRSeRRE SPUCC, o) mgifi"gggdaifinu"tléi aofi:isgf"df\r “Businéss conditions” the report | pRICES ON PARIS BOURSE recent appropriation: , Including !&i i MAY SETTLE IN CANADA. According t¢ D e as a membership in the New | Creates and recommends the use of | Teni, meed than tie OWrErth B OF) says, “are sound locally, with im- S enat OF hew alls, bridgsexpendl| \WINNIFEG, October 13 (Special) e et ) -hange and is one |more paid advertising than any other | fCERE00, ARG, PROUE O o provement now showing, nd greater| PARIS, October 14 (P).—Priccs | teTes to $8,164,571 | Representatives of the Norwegian gov iile United States mu- | o2 e most active of the newcomers | individual in the country. - improvement imminent. Manufactur- | moved irregularly on the Bourse today. e | ernment_are investigating cond DAt e T MsnvEHB SRRt One friendly critic described Mr. = = ing, wholesaling and retailing all ap- | Three per cent rentes, 47 francs 25| MINNEAPOLIS.—The Agriculty in the Prairie Provinces with a vies ovided in less volume. Mr. Cohen came to New York as|Lee as a “physician to corporate| Leading electrical power companies pear to be in a healthy state, though | centimes; exchange on London, 169 | Credit Corporation is moving 70.000 | 1o directing emigrants in this dire: of municipal off: S an dmmigrent boy, 8 old. His |bodies”” He is a tall, powerfully{of Japan are woking to form a|some have been behind and are just|francs 76 centimes; 5 per cent loan, 53 |head of sheep from Montana { tion. As a resuit there may se nd short term, up to the |an fmmiErant boy, 8 K ond. cutter | bullt individual, with blue eyes and | mighty combination under govern-|picking up. The tendency and out-|francs, 60 centimes. The dollar was|Western South Dakota to Minne tlement of 12,000 Norwegians in Wes: 1his month, amounted to $1. | o b am, Holland, Mr. Cohen | black hair, which is fast turning into | ment _supervision and financial aid.|look appear decldedly optimistic as quoted at 34 francs 9 centimes. and eastern North Dakota and South ! ern Canada. )2, w ie votume of all do- | in 4 rdam, He . Mr. . g iron gray. Mr. Lee came to Park Row in the hone in that time |learned the business of Wall Street The rail-|as messenger and later a enog- | lustrial of. |rapher. He later became statistician |late 1890s after getting his diploma accounted for $3,543,774,175 of | for onme of the largest brokerauge |t Princeton University. His father ; . : had been a minister tn Atlanta, Ga. £ put { e It was Arthur Brisbane who recom- Rails to Be Popular. In Schoolfo Chart iReaders. mended Mr. Lee to the Rockefellers. Raflroad issues, both new and old, t . Cohen belongs to the school of | and whether refunding or not, seem rt readers. He keeps elaborate | THE BUSI S OF GETTING Tike jopular. This comes s i of the behavior of | of service. The carriers ity prices from day to day and | AHEAD 24 service toshippersimore forecasts on the natur Inter-O Buildin t than ever before in the ¥ ren OF. 2% " | € > in the | )¢ the curves of average price move- | gecuri % Saving: . . e | e o 1 512 Ninth Street, Near E Street N. W o comy the opinion ihat 1927 Aviilibe a ligui- here is no_ perfect investment. I 9 . . ving. They a know that and I do not fritter away result of the effici- my capital and time in the search of ency of the railroad, retailers can and the non-existent. 1 buy for immediate delivery with | i S8l that s Ereat & Solume ofj B8kic Enlbs.” The publlc chumcien | 11 STl TR {0 g SeRRREE | ° 2 5 being Gone under the new |0 not always spontancously speak |Starting polnt for the bullding up of a | ; e B Er Gt nts 1aid in un. | their own lir but frequently read bnal competency. nder the re-| - {the literary creations of < who | Strictions which operate in most | ; wieldly stocks three months in ad-|the literary creations of others who | Sirictions - which —operate in most vance and paid for them more slowly. | Sbecialize in knowing public tastes | American Commo B0 ’ The manufacturers are getting anjand interests. The public rarely gete | N8 bank is a pre-eminently safe place o Bulsimies ars b B . . for the average man to leave his sur jual amount of money, getting it | bel the . but, i an, Ie s rnds i Lo . 3 ° 0 o » 1mora promptly, and are in A position | Would preceive. the multitudinous | PIUS funds il oL sciivitical ofi he foountelo: he savings hank invests its de- B T e perame o (o POt 11 Jvestmens bongs s Tart esponsible I'eople In Washington, Virginia an arylan Railroads have prospered and new [need for capt of industry and | B8 of the :1!1].'}10(1 gr:‘{?xe.' o rail financing undoubtedly will find a | finance, |iherotiie & 1o Pate saiis 1o a (hitHL: N F’ t P 1 . d 5 f h 'll hl sy sespeite (rom investors, O the | Max astman. poet and radical, in| (Rereiore & pro rats stake it thrift o First Payment Require Pay 5% of the Bill Monthly o hand, many eminent authe s | commenting on business, once re-| L ) Sk e here be much of the demand | marked that success is usually based | _>oreover. a savings bank account | for funds from municipalities has been | on brains, but the brainé are not al- |13 A1 assurance that capital saved up | satisfied and that the volume of mu-|ways in the head of the owner of an| Wil be available without depreciation { Sisinal Bonds presented 1o the publc|eateiorise when needed. Even Liberty Bonds | in the next six months will show a| Sometimes the allround intelligence | fluctuate in price at the market place | docline. This is not the case In the and literary skill that an ironmaster |2 (he necessitous seller sometimes | - .. South. County, State and municipal | or a builder of automobiles surprising. | 1L have to take a loss in turning| ummmmm'urfl’ il dating year. Wall Street is a stage with elab- orate settings and numerous dra- financing along the Gulf of Mexico i%{ |y reveals is that of his LT them into cash. On the other hand, | lkely to be heavy, and the way in! [yy St b ””'{fi.x’.?;\- reln; | the depositor in a savings bank may | Which recent issues have been snapped | tjons counselor to probably more mul. | Withdraw 100 per cent of what he de- | up Indlcates there will be ample funds | (i millionaires than any one else in|PoSits plus compound interest. to meet all requirement. the world. For one who desires to |, e vt eli}x\v;mx dl\f‘rs‘lfi?s his Ko back stage and see how the game | NOIINES o that, if one security turns of money-making and appearing be-| Ot to be unsatlsfactory, the others | e kely to remain secure. A deposit | ! 1 fore the public is played, the methods el ok | tlon of electric power and public utility . a savings bank autol ally gives | oy D fitia ey jmna nhilosophv ford M hillesiconstitute | 1 oy uss baricantomaticallvigtves | o g L high degree of diversification. i this convention began. The object is|2 helpful guide. The depositor benefits from two ele- | obvious. There has been a great de- Pushes His Clients Forward. | ments which heighten the safety of | mand for power, not only for lighting, his funds. In the first place, through | but for domes nd industrial uses.| Lee deliberately remains in the | This has been npanied by a_de- kground and pushes his clients mand for reduced rates. To meet these | forward. Statements are sent out on two demands the trend toward con-|the letterheads of corporation presi- on and cutting of overhead ex- | dents who him—not on the pense has been inevitable, and this is | authority Lee. But H. L. leing omplished through amalga- | Mencken, the bad boy of Baltimore, has dragged Mr. Lee into the lime: ankers here do not resent pub- i light In the current issue of his | s P A rtm / F ur i i ty regulation. What they want | monthly, the American Mercury, in IX-Ilece Apa ent A 0 airs, roiding clinite nm;prqm;.h on which | which in a ecritical article written by ) can proceed with ams of |a New York reporter Mr. Lee is ex- D S ‘t Leaf Tabl d Bllff o hat is the reason the | coriated for past and present sins of L B b et ttee int power turned down | commission and omission, real and X o Consolidation of Power Firms. | | A dozen schemes for the amalgama- | Royal Easy Chair with foot traditional hatred of a reporter for 7 | o o . oo ¢ . . ), (usiomers, eppecially farmi|a press agent. The writer apprai = Entire suite, best cabinet work and finish; chair seats in latest f"“;‘.‘"’- seat ;"d back cov- Bt onveriion: standards, and yet Mr. Lee believes | idea red leather. i h“‘"" well $18 50 ! oing. he plays an entirely different r leather cloth. . . » ik is, therefore. subject to other c g 5 e O Ivy Lee i one of that great army | s ~{of men who used to be newspupe N he inancing | men themselves, More t s Shtem he learned news writing in New | 50 o fork on the Journal, the World, and 5 © the qua mes. He was a reporter during ROP a bit of food on a_ new m.«u»l~ E< e mucoakine Wi business your dress? Don’t let ! o oD ehe | corporation executives were at a’ joss| LA /SpOtremain. 15 and payments of foreign obliga- | 45 to how to reveal to the public| Keep a can of Energine in bt ons will be ul. | their_ viewpoint and their aims. Mr. 4 Mmost equaled. So unless the Treasury | Lee decided to give up his newspaper your desk. Saturate a cloth. 05 10" nticiite some 1937 ma | Job and interpret the public 1o cor-| Rubthespot;watchitvanish! ritles 1t 15 likely that Government | poration officials and corporation| Emergi ; ; for December will not exceed | executives to the public. He visual- | l’e:\rils"fio i n"lr;l"'f.‘}?.,z";i; 250,000,000 ized a new profession or trade, which | a0 10 g ord 2 cign securities will be more close- | now many practitioners and a| for 35¢ at drug or department ded than ever before. That is, | technique described in a y of stores. i investors will have a greater | text books, ledge of the security behind the| Mr. Lee tells bankers, corporation | resented to them. Ray Mor-| officials, churchmen and others how lent of the Bankers' Assocla- | to express themselves fn a manner ay that the committee on | that the public will understand. He “has taken natural| purports to#supply the vital spark sound steps toward creating af which will make a dull man seem | —Bxcellent for cleaning al and impartial bureau of serv-| more colorful. He attempts on be and information for the benefit of | half of a client to transiate a & Siesitor, obowent toWknostont ] AR Shopdtelanoit i tineve i) This beautifully designed three piece overstuffed suite in construction $ 1 9 5 This is the genuine Gov. v. Pinchot of Penn | Gileged.” The fndiciment refects the . X - This suite is designed to use where economy of room is required. $ 6 5 00 rest, hardwood frames nicely * | | | | 2 k i cipated by mes 0| o . . A Winthro tary; lid e e s of which the finest materials are used. Luxurious comfort for years and ...‘....,..."i{.'..‘;':.:éi by the construction’ prior to March 31, 1927. i Cronkill Manufactur- i ing Co.. Piqua, Ohio $95 BAY LINE IS STARTED. ey [)opit Wait for'Your Eastern Shore. BALTIMORE, October 14 (Spec ).— ; What promises to be a permanent | e between Haltimore and Rock ee o ~n) Ha ] ¢ HKastern Shore, was today by the Austin ion Co., Inc. The large ht Geisha has been fit- rvice by having two ! 2 ral 2 zus-burning Diesel en- | Don’t wait for your ind Is_expected to feet to hurt—or to break I AR i 0 <] A novelty line of Fiber ween the two points | Freight and passen- | down and sentence you i g A prdtiaie o atibiesin Chaise Lounges; box springs » carried. The enterprise oo 5 i - ed Ly influential bust-| 2 to vears of suffering. | the original size Cogswell covared in ex timore and the East- . 3 Gt G T $33 ——_— $17—50 o o o Prevent this by choosing . high quality mohair cretonne. . . .. > Tt andinetlas 1 in the morning P T~ i ’’ o ) Arch Support Shoes ! & nl‘np:n""lhh. V:I-Ik. Shades e , Qe ¥ now. Give yaqur feet the 7 ! ; ’A ors. Each lamp equipped e : support and freedom /28 / - I s =l l‘logrht!-'o $11.50 s = | = that they need. BIG EQUIPMENT ORDERS. ; 2 ¢ r 14 (®).—Or-| tributed by the | E e 7.675 tons of | , < Made in Vici Kid, Patent s at an out- | . 8 500,000. Beth- | Colt, Tan Kid and sy ‘, Satin. Sizes 2% to l'»‘!w‘\‘l‘\’fx‘;\“:x: g 10, widths AAA to steel rails fo < ns going RO . S > Steel RUERORT] i z A Davenport Table, nicel S Enlang e 2 Seven-piece Walnut Bedroom Suite—bow-end bed, Five-piece Unfinishea Breakfast Set, con- finished in :uhog:ny, R:::c: : 3 u#u Jo n it Ve Noddlsor Stout WVomen massive dresser, full-size vanity, chifforobe with cabi- sisting of extra size drop-leaf table and sance design; bolted construc- ! B e SR S Sy (e ared with $8.70 a come of $79,042,693 in esponding period of 1925. omé for the third quarter was $29,- 208,672, against $28,049,360 in the pre- ceding quarter & ,701,565 in the third quarter last year. Surplus after dividends was $21,657.108, against $18, 728,832 a year ago. Additions to plants costing §185,000,000 were made in the nine months and more than 520,000 ad- | ditional telephones were installed 726 SEVENTH STREET N.W. LEAD PRICE REDUCED. FoaturiagWakhiagtod's Firet ExclusiveShoe Burgain Basswsrt NEW YORK, October 14 (#).—The American Smelting and Refinine Co,, +has reduced the price of lciu (rom p&ammmcvm