Evening Star Newspaper, October 20, 1926, Page 32

32 . RAN SLOWS TRADE INCENTER MARKET Apples, Cabbage and Pota- toes in Supply—Sweets b Also Are Abundant. Apples, cabhage and potatoes are coming to the iocal market in liberal qQuantitie: the potato market being weaker and the market on the other commodities steady. Dealers say there is mot the slightest possibility sples_commanding high prices the coming Winter, . Tt is reported that the sweet potato much larger th al, and low prices seem r certain to continue. White potatoes are not expected to continue so plentiful. it is stated, and higher prices are an- ipated. of <hipments s from are being rece..ed. meeting | limited demand and making the market weaker. Twelve.quart baskets of Concords were quoted at 60 and 656 cents this morning, some in poor condition selling at lower prices. The season for watermelons and cantaloupes is drawing to a close, supplies of hoth fruits being so light that prices no longer are quoted. Only a few small quantities of the fruits were in evidence today. Wet weather this morning was not conducive to lively trading. There was a fairly large number of buyers on hand, however. and wholesalers were ahle to meet their dethands for choice foodstuffs at prices substantial- 1y the same as those quoted yesterday. Toda; Butter- 4 s Wholesale Fancy 9 Prices. onepound prints, packed, 38. h, ed, 43; henne nt’ receipts, 40242; stor 40a45; ~oghorns, 20:; ducks, . voung, 50a Turkeys, 45a its, young, 80a alive — Turkey: ns, 28; white 26a old, 140, : lamb, houlders, moked hams, 33: shoulders, 22a23 Live stock—(alves, dtum, 13a14; thin, a2 Fruit and Vegetable Review Today's market report on fruits and yegetables, compiled by the Market News Service Bureau of Agricultural Economics, says Apples—Supplies slow, market dull; W' medium to larg s, 3.00: liberal; demand hington, boxes sizes extra fancy De- ; extra fancy John : combination extra fancy Winter Rananas, , few higher; Maryland, bushel baske cording to size; ties, medium to'1 1 Grimes, medium to large size, 1.00. Cabbage—Supplies liberal: demand et dull: New York and Ivania, bulk per ton, Danish 5.00028.00. Suppli et firm; New Y upplies of Eastern stock and light account weather market fairly steady; New York quart climax baskets Concords Niagaras, 17a18; Michigan and New York, 12-quart climax baskets Con- cords, 60a65; New York, 12-quart cli- max baskets Nlagaras, 65a70. Lettuce Market Steady. Lettuce—Supplies moderate; demand moderate, market steady; California, crates Iceberg type, 4-5 dozen, 3.60a 4.00, best mostly 4.00; New York, 2 dozen crates Big Boston type, fair quality and condition, 1.$$al. Onions—Supplies light: demand light, market steady: Michigan and Indiana, 100-pound s s yellows, U. 3 mostly 2.00; New York, 100- cks vellows, U. S. No. 1, supplies market ady bushel baskets Llberias, 1.78. ears— Supplies light: demand slow, market dull; New York, m storage, bushel baskets Bartletts, No. 1, ripe, 200a2.25, some soft low as Anjous, extra fancy, 3.75a light New York, large size, 4.00. Potatoes— Supplies libe Hght, market steady: Main, sacks Green Mountains, 1 4.2504.50; Cobblers, U 4.2 Michig: set Rurals, U. s 25 Sweet Potiato Supplies i demand slow, market steady; North Carolina and Shore of Vir: ginia, cloth-top stave barrels, vellows, No. 1, 2.00a Cauliflowe mand_light demand 150-pound No. 1, libera e rates, 1.75a 2.00. Tomatoes mand moder grown, 16-quart ba upplies moderate; de- . market steady; home- kets, Thal.00. PROFIT IS LARGER. NEW YORK, October (#).—Net profit cf Harbison Walker Refracto- ries for the nine months this year rose to $2,880,000 from $2,407,000 in the same period of 19! demand | MEN AND MONEY ! By M. S. Rukeyser (Copyright. 1926.) The public clamor for motor cars, to which automobile manufactdrers are attuning their production sched- ules, will probably result in the sale of a larger number of vehicles during 1926 than in any previous year in the history of the industry. This fact is all the more striking |when it is remembered that 1925 was |a record-breaking vear, which fol- |lowed several seasons of | buying. At the beginning of the | current year many observers thought that the market had been sat- | urated, and that there would nec- | essarily he a downward revision |of schedules of output in 1926. | the human desire for automobiles was not restrained by the cautious draw- |ers of statistical charts. | " All the tmportant manufacturers in {the country except Henry Ford clear | information through the National | Automobile Chamber of Commerc: of which Alfred Reeves, ex-newspaper man, has been general manager for twelve years. Estimate of Production. T asked Mr. Reeves to estimate the total production of cars and trucks by companies in the United States and Canada for the full calendar year ending December 31 next. Mr. Reeves placed the figure at 4,600,000, and said he regarded that as-a conservative estimate. last year the actual figure was 4,336,000, Mr. Reeves, who 1is interested In the sale of no single product, but'in the welfare of the industry as a whole, has a singular opportunity in his constant contacts with the execu- tives of all companies, to observe and analyze the major tendencles at work. |1 asked him to explain the reasons which lie behind the record-breaking figures thus far this year. ” “The current peak production.i ex- plained the genial Mr. Reeves, who is simply “Al” to the\men wha determine the motoring habits of Americans, “springs from the following principal factors: Excellent general business and emplovment condltions; continu- ing need for individual transportation; export market increasing, extra yalue offered in cars and trucks—1913 pre- war dollar now being worth $1.14 of automobile mercharidise and about $1.09 of electric current, and less than 's worth of any other com- installment buying, which twelve months for payments to be made and has undoubtedly con- tributed to the broadening market and lower prices for motor cars and, final- 1y, new cars have a direct appeal to women, who really have most to say about automobile buying.” Cars Appealing to Women. I asked Mr. Reeves to specify the new style trends which appealed to women, and he emphasized particu- larly the fact that new cars are painted in exceptionally vivid and appealing colors. On the practical side, he sald, more attention than ever before has been glven to increased gasoline mileage. Other new style trends include: Further lowering of bodles; the use of oil purifiers; air strainers and other devices to lengthen the life of the engine and the car. The industry now figures the average period of serviceabllity of a passenger car at seven years, Mr. Reeves believes that the future of the industry n putting the rest of the world on wheels. “Exports this year,” Mr. Reeves id. after analyzing the reports at and, “should run about 560,000 cars and trucks from American owned factories in North America. These cars have been shipped to more than 100 countries. Most of the Canadian exports have gone to England and the British colonies. “Within a few years the industry should ship at least a milllon vehicles a year in export trade. Our men, who are now in Northern and Southern Europe, India and the Far East, re. port an increasing understanding of the advantages of motor transport and the buying of cars in greater quantities. “They want automobiles just as much in other countries of the world as they do in this country, in which 20,000,000 vehicles are in use.” Interprets Craving for Cars. Mr. Reeves was next asked to in- terpret the extraordinary American craving for motor cars. | *The primary causes of the growing popularity of motor cars.” Mr. Reeves | declared “‘are based on the fact that it supplies individual transportation without a time table; maintains social prestige; i3 an article which every member of the family wants, and might be termed one of the few articles in the world which are uni- versally desired. | ““Americans are nomadic and the motor car, bought to answer the call for adventure, s0on_finds a place as a utility.” As for long-term business prospect: Mr. Reeves believes that the “outlook for the Industry as a whole would indicate a continuing market equal to this past year. A greater number of families are going to have more than | one car. Then the increase in national wealth, the growth of population, the possibility of greater use of vehicles by present owners, the renewal and export demand will be factors in build- ing sales for the future. “Our biggest problems are accident prevention and the handling of traffic in_cities—on which we are working.” Mr. Reeves paints an optimistic ple- ture, but, broadly speaking, the peak | But | _THE EVENING STAR, WASHINGTON, D. C., WEDNESDAY. OCTOBER. 20, 1926. ! enthustastlo insiders have been better prophets concerning the trend in the industry than pessimistic outside critics. It should be remembered, however, that it is somewhat of & |fair weather Industry, which thrives Lin times of general prosperity. Specu- Flators in the security markets did not walt for these favorable facis to ma- | terfalize, but attempted months ago | to anticipate them. THE BUSINESS OF GETTING AHEAD. What Makes a Good Secretary? A secretary is a stenographer who i knows how to think. She—or he—is an assistant to an executive. Her role is to extend his i personality, and enlarge his capacity to get things done. Thus, though she ishould have initiative, 'she must | make her activities conform to the policies and major objectives of her chief. A secretary who goes off on tangents fails to fulfill her true role. The secretary is not a routine work- er. She is the alter ego of an im- | portant official, and, as such, is in the know. She learns each day, in a confidential way, the vital facts which flow across the executive's desk and determine the success or failure of the enterprise. She identifies herself with the prob- lems of her employer. She Is his memory—and his record. Decides About Callers. She is his buffer, too, deciding what callers should be seen and which should be turned away. (The execu- tive cannot see every random caller and finish his work at the same time.) She relieves the executive of rou- tine, freeing him for decisions and for creative work. She knows the scred- ule of accomplishments, and keeps her employer up to date. On the mechanical side, she can take dictation as rapldly as her em- ployer customarily gives it. If she misses an important word, she stops to have it repeated, instead of arbi- trarily substituting another. In trans- lating her shorthand notes into type- written letters, she works with a high degree of efficiency and speed. She {s accurate, and her employer feels so confident of her ability that he signs letters without reading them when he is in a hurry. The good secretary is more than an automaton. She knows her em- ployer’'s attitudes and policles, and can usually sense in advance how he will handle a particular situation. If he gives his decision cryptically, she can express his ideas fully and court- eously in an appropriate letter or telephone conversation. Secretary Dresses Well. The secretary i{s more than a ma- chine. She knows that the average employer appreciates a sweet dispo- sition as much as an efficient worker. She dresses well, but not gaudily. She knows that, though she should be attractive in appearance, she must dress in the office in keeping with the dignity of the establishment. ‘When she approaches callers, she ex- presses not only herself, but also the firm—and the executive—for which she works. The good secretary has a sympa- thetic inderstanding of the aims of the executive under whom she works. The secretary who resists her em- ployer’'s policies and seeks subtly to thwart his activities is a liability, for a secretary is lacking in usefulness if she falls to heighten the capacity of an executive to do the job he has set out for himself. An intelligent secretary becomes increasingly more valuable as a re- sult of the gradual absorption of the detalls of a particular business. She should eventually become an execu- tive, and has excellent chances for promotion because she does all her work in front of the eyes of the man in position to reward meritorious service. - ‘WOOL DEMAND GOOD. BOSTON, October 20 (Special).— Territory wools continued in good de- mand on the local market today. Deal- ers’ holdings of medium and lower grades are limited. Half-blood terri- tory is being held generally at 1.05 a pound clean for stralght combing wool and 95a88 for clothing and French combing. Good quarter blood is bringing 85 clean and three-eighths combing is held for 95. Mills are booking new business in good shape, and this is reflected in steady inquiry for staple spots. Foreign wools are scarce and a stronger demand for carpet grades is developing. BANKERS DIVIDED ONDUTY QUESTION Some Favor, Others Oppose Proposal to Lower Euro- pean Tariff Walls. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, October 20.—It was reiterated today that the manifesto signed by world bankers appealing for the lowering of tariff and other trade and commerce barriers applied only to Europe. But many producers, manufacturers and distributors here were unable to see how such a pro- posal could be made effective without materially involving American foreign trade. America's foreign trade situation has been on a much more favorable basis since the start of the new fiscal year July 1. July, August and Sep- tember each showed a. favorable trade balance. American signers of the ap- peal have made it plain that the mani- festo has no official status and that no intent was expressed to alter protec- tion offered American industries. Would Not Include U. S. Representatives of the industries, however, pointed out that European nations would scarcely be likely to lower their tariff walls without re- ciprocal arrangements with other countries. That s to say, the European natlons if they swept away their restrictive walls in favor of each other would not include the United States unless the United States took similar action in their favor. Therefore if the American tariffs remained unchanged the European manufacturers would have a distinct advantage in Kuropean markets, since their goods would enter each sister country duty free, while a duty would have to be paid on American goods of similar character. For ex- ample, it was cited that if Italy and Great Britain reduced their tariffs, British coal and cotton goods would go into Italian markets with an ad- vantage over American coal and cot- ton cloths. Seek Textile Market. It was also said by business men here that it would be possible for England or Germany to buy raw American materlals, turn them into manufactured products and compete at an adyantage in Europe with goods made here from American ma- terfals, In preparation for the effort to capture the textile markets of the world, European spinners arc now buying as_much cotfon as they can possibly afford. i It is a question in the minds of some, since Canada, India and Aus- tralia are part of the British Empire, tries would not shut out American commodities in Europe. The question of protection or free trade as a national policy was not stressed in business discussion here, nor was the political angle of the manifesto. fThe discussion centered about the extent to which America would be affected in spite of herself. The manifesto came at a time when appeals for greater tariff protection have been pouring in on political party representatives in a flood. The textile mills want an increase. The steel people have been asking that Congressmen consider additional protection against European iron and steel products. The farmers, many kof them, think the tariff wall erected [before their products is still too low. Molasses Is Imported. Iron from India and molasses from South Africa are commencing to come into this country in competition with American products. The largest con- sumer of industrial alcohol is import- ing its molasses from which to make that product. “The proposal is more than altru- istic,” said one manufacturer today. “It is Bohemian. That is not meant in the geographical sense, but in the sense of the definition offered by a recent visitor to the Greenwich Vil- lage region. ‘A Bohemian,’ this visitor sald, is a person who will bor- row your last quarter and then move over and share the gutter with you. whether products from those coun- Carloadings Again Show Big Volume Of Businessin . S. Loading of revenue freight con- tinues to be the greatest for thi ceason of the vear on record, ac- cording to reports filed today with the American Raflway Association. The total for the week of Octo- ber 9 was 1,184,862 cars. This was a decrease of 662 cars below t precedipg week this year and only 2,149 cars below the greatest num- ber of cars loaded during any one week. This was also an increase of 78.826 cars over the correspond- ing week in 1923. The total for the week of Octo- ber 9 marks the twentieth week so far this year that loadings have ex- ceeded the million-car mark. CON&TEPTION OF ZINC. NEW YORK, October 20 (#).—The world's consumption of zinc in the first half of 1926 is calculated at 627,- 000 tons by the American Bureau of Metal Statistics, with a monthly aver- age rate of 104,000 tons. Consumption for the full year 1925 was 1,191,100, tons, ‘a monthly average of 99,300 tons. Consumption of the metal in the United States for the first half of 1926 was 268,200 tons, while for the full year 1925 it was 477,700 tons. SILK PRICES LOWER. NEW YORK, October 20 (Special). —The market for print cloths was quiet and unchanged today. Raw silk dropped 10 cents for grand dou- ble extras and the declines ranged from 6 to 10 cents a pound through- out the Japanese list. The Cantons were unchanged. —_——————— Some ef the indigent nations want to borrow and move over.” Many international bankers and financiers, on the other hand, give en- thusiastic indorsements to the appeal, declaring that the United States and the whole world would benefit from measures which would restore pros- perity to Europe. « ORANGE ~ } § OUR motor will recognize thie difference between AMERICAN GAS and other regular motor gasolines without difficulty. More power, more pep, more mileage—that’s how your motor will knows! And so that may AMERD you CAN GAS before it's run into the tank of your car—we've colored it abright ORANGE and sell it only from the Yellow and Black Pumps with the R White and Blue AMERICAN GAS ! Try this new, different, bettermotor gasofinel In the few weeks it has been on sale, it has won the favor of experienced motorists, who had been using other regular gasolines, You'll make no mistake in giving AMERI- CAN GASa trial—and you can make nomis- take in buying it. It's colored ORANGE for your protection—as much as for our own, BRITISH COAL STRIKE HITTING ARGENTINA Grain Cargo Rates High and Bank- 1uptcies Reflect Poor Busi- ness of the Country. BY JOHN W. WHITE. By Cable to The Star and Chicago Datly News. BUENOS ATRES, Argentina, Oc- tober 20.—The British coal strike {a affecting Argentina's export market and is decreasing her imports. Ocean freight rates have increased from 15 shillings per ton to 40 shillings since the end of June, because steamers which formerly brought gardiff coal to South America returning with grain, now have to make the outward voyage in ballast. The efforts of the ship owners to make the grain cargoes pay for the round trip have caused the increass in freight rates which must be borne by the Argentine farmers. The price at which cereals can be landed at Liverpool and other grain markets 1s fixed by the prices ruling those markets. Therefore, exporters will pay Argentine farmers $1 less every time they have to pay the ship owners $1 more. The results of high freight rates are found in the increasing number of bankruptcles. There have been more bankruptcies during the first nine months of 1926 than were recorded in the first nine months of any recent vear. American exporters need not expect any improvement in the Argentine market for the next six months even if the British mine strike Is settled immediately. Tramp steamers which formerly hung around the River l.a Plata to pick up grain cargoes are now being used in the coal trade from Antwerp and Hamburg with the re sult that there is a dearth of tonnage for Argentine grain. (Covsright ———e * Naples now claims to have the first factory in Italy where all the plate glass ir made by machinery. 1926.) “4ts a Different Color Because it Is Different omellectric Five-Twenty-Two RITTENHOUSE Street N.W. FREE Admission 10AM.t010P.M. TODAY And Every Day Till October 31 THE AMERICAN OIL CO. AFFILIATED WiTh PAN AMERICAN PETROLEVM & TRANSPORT COMPANY AND ITS SIRGIHARY MEXICAN PETROLEVM CORPORNTION AMERICAN GAS 4