Evening Star Newspaper, October 19, 1926, Page 29

FORD.CUTS COSTS IN RECRGANIZATION Applies Principle of Economy to Meet Severest Com- petition of Firm. BY J. C. ROYLE. ispath to The Star. YORK, October 19.—A thor- ough honsecleaning is going forward in the Ford Motor Co. organization. The announcement that the company has adopted the five-day week in all s, which has caused comment from employers, labor leaders and economi=s on all sides, is only one spectacular phase of the process. The Ford company has not publish- ed monthly production figures this year, but it is no secret that its sales have failed to maintain the pace of recent years, much less to show the proportion of growth which the in- dustry as a whole has experienced so far in 1¢ Henry Ford has met the situation in a characteristic way. Radical Changes Unlikely. Rumors have been current that Ford model changes embodying radical de- partures such as a selective trans- misston and six eylinder in prospect as a mean the sales volume to its former pr portions. There is no indication Detroit among tho great manufacturer that he intends zes in present reported on seemingly however, that the | are work ts which will enable the ca to attaln more spead In low Planctary transmission in good authorit Ford en provemer ent form will be attained, but proh- — COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY DETROIT, October 19.—Furniture factories all over Michigan are oper- ating at an increased rate, due to the approaching completion of a large vol. ume of residence construction over the country. DENVER.—Retail trade In the in- termountain section is refiecting the first payments to farmers for their 1976 sugar beet}. Over $3,000,000 was distributed by the Great Western Sugar Co. late last week. There will be no bonus on the 1925 crop, which paid a basic price of $6 a ton in Colo- rado and Nebraska and $6.50 in Mon- tana. PITTSBURGH.—Jones & Laughlin were compelled to send a tow to Mem- phis and New Orleans under other power than one of their own tow- boats. All J. & L. towboats are rieed- ed here, owing to the high activity of the mills, and a vessel could not be spared for the Southern trip. HOUGHTON. the first time in the history of Michizan copper min- ing, dipnéedle e ments are being made in mines here to determine the precticability of this Kind of ore ex- ploration. The experiments are being made at the Calumet and Hecla and Copper Range properties. CHICAGO.—Holdings of butter in cold storage increased during the last month and now total 125,122.000. pounds, compared with 114,172,000 a month ago and 110,116,000, the five- year average. American cheese hold- ,000 pounds, compared last month. zs with zation is probably 25 to 50 per cent more efficient than a year ago, with consequent cut in costs of produc- 17 working five days than six, the com- pany will get more for each dollar in wages than under the old six-day ably will be supplemented in the not week. In addition, the quality of the distant future with a fourth speed. Mr. ¥ does not seem to belleve car has been improved by the addi- tion of more inspectors and by adop- the public ins ective gear. | tion of & new carburetor, said to in- He thinks that supplementing the e mileage per gallon of gas. present transmission with a fourth | speed will give the Ford advantag equal to those presented by gear-| shift cars and that the public will be | satisfied. Moreover, this would not Sales About 20 Per Cent Less. While factory production figures are not available, State motor regis- trations indicate sales have been render present models obsolete nor re- | quire radical and expensive changes in factory equipment and in retooling. Policy of Retrenchment. d of yielding to clamor for| rom dealers and even with!| 1 home organization, Mr. | on -| wnd of incre has discharged several high- | executives, weeded out in-| about 20 per cent less than last year. Ana of available figures leads to the belief that the company produced approximately 859,000 cars in the first months of 1926. This compares h an estimated production of 943,535 for a like period in 1925. This estimate is obtained by deducting out- put of companies other than Ford -/ (and a few minor factories) from fig- ures for the industry as-a whole pub- lished by the Department of Com- and checked the rap- been He is ventories. \eek has been in op- | majority of departments vear. Manufacturers ching 3y . that with his huge nd machinery it | for him to work | In some cases the been © engineers s: ndpoint the situation dec invesiment in tool: IS more cconon five das s t wage rite | wutomoti s that ani- | Ay A. Finch, 2 th . Goldblatt. Penns; Ab bl red M. H: Academy Garace, Laurel. ) merce. According to these figures, the pro- portion of Ford cars to the total out- put in the first half of 1926 fell to 35.1 per cent, as compared with 42.8 cent in 1924 and 51 per cent in 1923, This is by no means to be taken as indicating that the Ford profits are suffering unduly Probably nobody outside the Fords knows how much costs have been cut, and the whole reduced, and |theory of Ford profits is based on cutting of costs to a depth competi- tors could not follow. are more efficient | THE EVENING MEN AND MONEY By M. S. Rukeyser. (Copyright. 1926.) In Wall Street folklore it is difficult to discriminate between fact and fic- tion. Sometimes the synthetie stories are psychologically true. Here is one which is going around the Street. ‘In the advance of Southern Rail- road in the last five years from below 30 to above 130, the great trunk line of the South silently passed into the control of a new group. Jeremiah Milbank, senior member of the firm of Case, Pomeroy & Co., is the representative on the board of directors of the new controlling group, which made its investment in the property, ‘after studying charty and | graphs which depicted the earning prospects of this important line, which cuts through the new South. Until the recent wave of prosperity in the South, Southern never pald a dividend on its common stock. Ac- cording to legend, a stranger walked into the offices of J. P. Morgan & Co. to inquire why the Southern did not declare a dividend. He conversed with a clerk, who gave the conventional explanation that the company pre- ferred to plough back earnings into the property. But the caller was per- sistent and_asked to see a partner. He repeated his view that the time had come to declare a dividend. The banker was courteous, but gave the impression that perhaps the bankers and the management ought to have the determining voice. The stranger then casually remarked that he thought his views ought to get con- sideration, for he and associates now held enough stock to control. The bankers looked up the transfer rec- and found that new interests in the saddle. Dividends Inaugurated. The news ticker laconically report- ed that a new group was in control. Then in due course dividends were inaugurated. The South is perhaps the fastest growing sectfon of the country. It has been going through an industrial renaissance, and its long-term pros- pects are excellent. Recently, hewever, the bankers and farmers of the South have been alarmed by the drastic slump in cot- ton quotations at the future ex- changes. The decline is based on ex- pectations of a bumper crop, which results from planting the largest acre- age in cotton in the history of the country. If the crop proves as large as expected, the South will be sub- jected to_ short-term problems which will be difficult. If prices continue low, many farmers are likely to hold their cotton rather than force it on the market. The result will be some slowing up of the liquidity of credit in the South, and the ramifications will spread to the national money mar- | kets. That the situation can be met is assured by the policy of the Fed- eral reserve system and the arrange- {ment of an emergency Government | credit. New Machinery Needed. The first annual meeting of the Cot- ton Textile Institute is scheduled for tomorrow in New York, and the pres- ent situation emphasizes the need of new machinery for putting the cot- ton industry on a more scientific basis. Paint that table with Duco Mandarin Red IT will amaze you, how beautiful your old furniture can be, trans- formed through the magic of Duco! Applied with a brush, Duco dries fast—and lasts. For cars and for a hundred home uses. HUGH REILLY COMPANY DISTRIBUTORS OF DU PONT DUCO Abelman, 4800 Georgia Avenue N.W. . 806 Bladensbure Road 3 M Btreet N.W. Berw: 0., Berwyn, Md. . T Bre e Matibots, M. W, It. Tck, Upper Mariboro, Md. Quvert Haridware Cos 2501 Street N.W. Geo. M &+ 1013 North_Carolina’ Avenue SE. Gasa Battemgt St. and Blair Rd. N.W. R G wars Co., Atilngton, raware Co.. Brentwood, Md. treet N. Ivania Avenue o Greenbintt, 13th and Deane Avenue N.E. R. G. Grund, North Beach, Md. Gy Brothers, Clements, Md. 008 Khode Tsland Avenue N.E. Paints for Every Purpose—Glass for Every Need. Prices always reasonable—QUALITY considered 1334 New York Avenue — Phone Main 1703 ) DU PONT DUCO is Sold by the following Dealers: N. G. Hottel, Winches! Hunter Brothers, Silver Sori kfl ware Co. Tdeal Hardware Co.. C. Iden & Co., Ination Spore Bliop, 200 ‘Hirdwar Cor 2010 18th d7, & Sons, 3 e, Hal ‘Waal, B ety ALk M i Ntariat o Lararey 3 n .. Luray, Wodern Anto. Suvsly Con Monareh Hurdware Co.. 1 oore & Cuin, Fourth an ors. 4 hos. P VieDonagh, La Pla 0'Donnell Paint Co., 3208 M Orange Hardware Co.. Orange, H. R. Payne, Hume, Va. Irvin Bailey e, % Cross vania Avenue Auto Weatwe F. Heflin, Gainsville, V & W Honre: S350 Wanh Rirest N.W. 2010 14th Street N.W. dris, Va. .~ 917 M Street N.E. 1 I Street N.W. d Rhod 001 P Rtreet N.W. STAR, WASHINGTON Cotton ‘s the most important itemi in American exports. In the first half of the current year cotton exports reached $324,886,000, which représent. ed a 30 per cent shrinkage in money value from the corresponding period in 1925. North and South will be approxi- mately equally represented in the in- stitute, which will have among its membership spokesmen for 20.000,000 spindles. All mills up to 50.000 epin- dles have one vote and larger mille have additional votes for each unit of 50,000 spindles. Of 88 mills in the South having more than 50,000 spin- dles each, virtually three-fourths have Joined the institute. The stated object of the new insti- tute is to promote the progress and | development of the cotton industry. According to its by-laws, its activities will be economic in character and will h;u‘lude trade research and commer- clal mobilization of the industry in na- tional emergencies. Will Study World Demand. ‘The leaders of the industry have felt that they have been proceeding without sufficlent knowledge of the basic facts affecting their markets. It will be the job of the institute tc study world demand for cotton and to promote the salability of the chief fabric of the South through co-opera- tive advertising and educational work. In the recent industrialization of the South mills have sprung into being with great rapidity and without much study as to the present productive capacity of the industry as a whole in relation to demand. The result has been a prolonged depression in the cotton textile trades, the New England mills, where wages are higher than in the South. The cotton industry, through the institute, is searching for an outsider who can lead the industry—a czar like Judge Landis in organized base ball and Will Hays in the movies. The idea on a local scale has been ap- plied to an allled industry—the ap- parel trades—in New York. King Cotton, which heretofore has been untamed, seems destined to be chained to the restrictions of modern business management. What cotton will lose in romantic freedom it may ultimately gain in prosperity when the new program has been fully car- ried out. THE BUSINESS OF GETTING AHEAD Does It Pay to Have Sidelines? The earning power of an individual is elastic. The wage earner finds that he can increase his income not only through promotion or by occasional overtime ef- forts on his own job, but also by side- line activities of a different character after hours. The college student who works his way through is most in- genious in finding odd ways of mak- ing money, such as giving up blood for transfusion, reading to the blind, taking care of children at night, shov- eling snow in Winter; writing college news for the press and waiting on tables. deline jobs for the worker vary | with his talents. Some turn idle huors into productive ones by taking sub- scriptions for magazines, others by building and repairing radio sets. Ruth Leigh has made a study of these sun- dry activities, and has compiled *101 New Ways for Women to Make Money,” in a book of that name, just e Tsland Avenue N.E. b ton. Seryice Hardware "" 10 Mt. Jackson, herrydal i Ster Georee B. bler & A. T. Th H. 0. Trowbridee, Kenslngton, 08 e, onneo o Uitman. 1178 You Street N University iware * Suoply Co., W B. W. Vins Wall ¥ D. Weinberz. 530 4 gh{“""’ 1000 North Capitel St Max “There’s a Du Pont Agent in Your Neighborhood” Tash Street N.W. N, fer H: Comnany. Mt. o g nr Capttol Helehte. M. 7 Nichols Avenue 8.E. . T. Thomsen, Clarendon, Va. Trenis Department Store. ‘Catlett. Co., 3304 Wiseonsin Avenuo N.W. Voodstoek, V. Co., 3701 Avenue N.W. A R sl Arevee Va. Avenue N.W. 4 problems and preparation for | espectally in| ‘D. C. TUESDAY, OCTOBER 19, published. Like other competent ob- servers, Miss Leigh advises those 'uokmn part-time jobs to do those | things for which the individual is par- ticularly fitted, whether it consists of Ibaking cookies, preserving vegetables, !nr driving an automobile. i Many Women Working. Women in the United States are to {an increasing extent becoming full- [time or part-time workeérs outside the home. Electrical labor-saving devices | and the economy of the apartment ho-| tel are freeing a large group of women | for outside work. Where the standard {of living is high, the earnings of tue wife supplement the limited income of {the husband, which by itself might {call for serious retrenchment. | | The individual, with a full-time job, | i however, should think twice before | jundertaking outside activities. The greatest successes in business | are made by men who concentrate, who stake their all on the successful accomplishment of their main work. Scattered energies may bring mod- ierate success, but usually not the | greatest rewards. | The general manager of a chain of | | newspapers, who is one of the highest | paid executives in the country, made | |a_financial sacrifice when he first | !affiliated himself with his present | employer. In his previous set-up he | | had supplemented his salary with in- | come from miscellaneous outside writ- {ing assignments. He gave up all his sidelines_when he took on the |new work. It is part of the record that what seemed like a sacrifice in- { volved merely clearing the way for an | outstanding success. | Avoid Interference. As a general rule, it is well to avoid all outside work if it interferes with the successful performance of your ain duties or if it involves overwork {and is likely to impair your health. Sometimes sidelines do not really in- ! crease your earning power, but entail a red ink overdraft on your future energies, thus making you lose | through illness more in the long run than you gain. | Never take on overtime work with- out the knowledge and consent of | your employer. Otherwise he s likely !to find it out sooner or later and to i take the position that he should have { been informed. i Those with short hours, such as :schoul teache: and ministe: are | = 3 [J ; fumes. Stanley H. Horner 1015-1017 14th St. Fletcher Motor Co., Alexandria, V: Bary Motor Co., Anacostia, D. C. 1926. adapted to sideline jobs. The travel- ing salesman who works on commis- slons and pays his own expenses can properly take on lines which are not mutuaily competitive. In general, the individual with more than one job should choose related work, so that one central theme can run threugh his thinking and plan- ning. - | e e i FROSTBURG MAN DIES. , A. C. Frey, Theater Manager, Suc- cumbs in Pennsylvania. Special Dispatch to The Star. FROSTBURG, Md., October 19.—, Adolph Charles Frey, one of the best | known young business men of Frost-| burg, died suddenly at the home of | friends in Johnstown, Pa., yesterday of heart trouble. He had attended the foot ball game between Carnegie Tech and W. and J. He was secretary of | the Palace Theater Co., Inc., which has a chain of theaters in western Maryland, and spent most of his time as active manager of the Oakland house. His wife, Mrs. Bessie Frey: his mother, Mrs. Anna Frey, and two sisters, Mrs. Arthur Hitchins and Mrs. Emory Hitchins, survive. His body was brought here. Mr. Frey was 45 years old. He was a member of the Knights of Colum- bus, Rotary Club, Elks and Frostburg Fire Department. HEARING OCTOBER 26. BALTIMORE, October 19 (Special). | —-The Public Service Commission has | set Tuesday, October 26, as the date for a hearing on the application of the Chesapeake & Potomac Telephone Co. of Baltimore City for an order permitting and approving the exer- cise of the franchise granted to it by the town of Somerset, Montgomery Jounty, Md. Slaying Suspect Sought. Special Dispatch to The Star. RICHMOND, Va., October 19.— Police have sworn out a warrant for the arrest of C. E. Burnett, a suspect in the slaying of W. R. Robins, the real estate man. The detectives de- clare Burnett had not been located early toda; Built has a vacuum-cleaned crankcase. The household vacuum cleanerpullsdirtoutof rugs. . The Buick Vacuum Ven- tilator pulls noxious engine vapors out of the crankcase. Both devices protect your health and comfort, and save your money. New luxury is added to Buick ownership by this ; remarkable device. It keeps 1% the air inside the car free from disagreeable engine ; And it prevents dilution of crankcase oil. Without this vital new improvement the BUICK MOTOR COMPANY, RETAIL PRICES OF FOOD INCREASE IN SEPTEMBER Decrease From Last Year, But Values Are 54 1-2 Per Cent Above Those of Same Month in 1913. By the Associated Press. Retail food prices on September 15 showed an increase of approximately 1% per cent over those of August 15, but a descrease of nearly one-third of 1 per cent since September 15, 1925, b 29 the Department of Labor reported today. Prices, however, were more than 543 per cent higher than those of September 15, 1913. The largest increase noted in the month ending last September 15, wa< that of strictly fresh eggs, which Jjumped 15 per cent, while potatoes rose 8 per cent, pork chops, § per cent, and butter, 4 per cent. The price of onions dropped the most in the month, declining 10 per cent, while macaroni fell 4 and canned red salmon and flour decreased 3 per cent each. Mother! When HARMLESS LAXATIVE For Sick, Feverish, Bilious Children Child is Constipated Give “California Fig Syrup” Children love the pleasant taste of “California Fig Syrup” and gladly take it even when bilious, feverish, sick or constipated. No other laxa- tive regulates the tender little bowels so nicely. It sweetens the stomach and starts the liver and bowels with- out cramping or overacting. Tell your druggist you want ouly the genuine “California Fig Syrup.’ which has directions for babies ard children of all ages printed on bottle Mother! You must say “California” or you may get an imitation fig syrup UICK Zlacuum entilator~ '~ s the Crankcase cdlean ~ ~ your vacuum cleans your rugs at home The Greatest Buick Ever as ] crankcase va- pors would condense; oil would need to | be completely changed 15 to 20timesyearly. With the Va- cuum Ventilator, just keep the oil at the proper level, then drain it once each sea- son, 4 times a year, as a super-caution. Every Buick model has the Vacuum Ventilator, and many other vital improve- ments, including the cen- tury’s greatest contribution to motor car p rogress—an engine vibrationless beyond belief. FLINT, Division of General Motors Corporation Buick Motor Company (Division of General Motors Corporation) ourteenth a i Emerson 1620 M St. t L & Orme 1016 Conn, Ave. MICHIGAN e Greatest B{J]JCKever Bunzx Dick Murphy, Inc. 1835 14th St. Fred N. Windridge, Rosslyn, Va. Rushe Motor Co., Hyattsville, Md. TTER AUTOMOBILES ARE BUILT, BUICK WILL BUILD THEM