Evening Star Newspaper, November 3, 1926, Page 16

RABBITSAPPEAR INLOGALARSET Jncreased Turkey Receipts i Give Market Thanksgiving i, Air Today. Season for sale and possession of ¥abbits in the District of Columbia opened Monday morning, November 1, but the law does not permit gunners 10 kill them in the District. InMary- Jand the season opens Nqvember 10, while the Virginia season opens five days later. In spite of the fact that November 10 is the earliest date for shooting the game in either of the nearby States, rabbits have appearcd in the local market, but not in quantities suffi- clently large to quote wholesale prices. The few that have reached here brought 70 and 75 cents. Increased receipts of live iurkeys from nearby poultry raisers is begl- ning to give the market a Thank: giving_holiday appearance. Reports from Maryland and Virginia make it appear that there is every likelihood that there will be a plentifus supply of turkeys in the local ket for the epproaching hollday season. It is stated that the cheap price of corn has resulted in much heavier feeding & size usually found at the Chri holiday season and many raiser: Flunnrd to ship much of fhel here for Thanksg . believing bet- ter prices will rule than are cxpected during the Christm:s KEOH] Foday's Wholesale Pr Butter—Fancy, one-pound tub, 50a51; store packed, sh, selected, 45 Alive—Turkeys, 35; chick- White Leghorns, 24a25; roosters, 20; ducks, 15; keats, young, 50a 27; young, 20; old, sed=Turkeys, §0; old, '34a40. 4Ba80; chickens, 82a33; keats, young, 80a90; old, 45a50. Meats—Beef, 18a19; veal, 22a24; Jamb, 26a30; fresh hams, 28a30; shoul- ders,’ 23a24; loins, 36; smoked hams, 33; smoked shoulders, 20a: Live stock—Calves, choice, 14a14%; medium, 13al4; thin, 7a8; lambs, 13 Fruit and Vegetable Review. Today's market report on fruits and vegetables, compiled by the Mar- ket News Servic reau of Agri- cultural Economi, Apples—Suppl moderate, mark-t ste: ginia and Ma inches, 3.00. medium to Delicious, 3.0 athans, 2.00a2 1 enburgs, 2.25a: extra fa mans, 2.10a2. Bushel Maryiand and Virginia No. 1 varfetles, medium to larg: 1.00; few, 1:25 y mans, 23 inches, 1.00 S-inch, 1.25. Cabbage—Supnlics liberal; demand moderate, v; New York, bulk, per ton, Danish type, medium size, 27.00230.00; dem ; barrels, Boxes, larege No. 1, Sta; 3-inch and moderate, market steady rates, 2.50a3.00, full crates Supplie: market around 50. demand Michigan, v moderate, 12-quart clims 80; few Jow as 40. haskets, kets Con ew York. Concord: liberal; mode fairly California demand ady; few high as 3. Onfon Market Steady. Ontone—Supplies moderate; demand moderate, market steady: Indiana, 0. Indiana, 100-pound lemand light, York, bushel 1, ripe, 1.00a2.00; soft, low Potatoes—Supplies mode te, market stea gan, 160-pound sacks Rus United States No. 1, 5 sylvania 150-pound Whites, United States No. New York 150-pound Whites, United S Maine 150-pound s nary quality and condition, 4.50. Sweet potatoes—Supplies moderate; demand moderate. murket slightly stronger; North Carolina, cloth top, stave barrels, yellows, best, mostly, 2.25; some med; . 2.00. tring beans i mand light, market ste: olina, &-peck hampe: few sales, best 2.50; ordin and condition wider range in prices, {0a 1.50. Cauliflower- moderate, marke Long Ieland, crates, Tomatoes—Supplies light moderate, m: dy: lugs, ripes, 10-pound ha slze, 3.00; s1 ght: de- Jit S < libes 1y 1; demand New York, demand EXTRA DIVIDENDS. NEW YORK, November 8§ (#).— Atlas Power Co. declared an extra @ividend of §1 a share on the common stock, payable January 10 to holder: of record November 20, and the regu- lar quarterly of the same amount, p: able December 10 to stock of record November 30. ndard Ofl of Cal- fornia also declared an extra of 50 cents and the regular quarterly of 0 cents, both payable December 15 1o stock of record November 13, and Timken Roller Bearing an extra of 25 cents and the regular quarterly of $1, both payable December 4 to hold- ers of record November 18. PREFERRED N YORK, Onyx Hosiery Co standing preferred s tion at 115 and accrued int of December 1. R. J. Poster : E. Brown were elected directors, suc. ceeding Walter E. Hope and F. W. Fort. CALLED. CREE PRICES ON PARIS BOURSE. ~ PARIS, November 3 (#)—Prices were heavy on the Bourse today. Three per cent rentes, 50 francs 23 centimes. Exchange on London, 150 francs b5 centimes. Five per cent loan, 57 francs 75 centimes. The dollar was quoted at 31 francs 10 cen- times. FURNITURE REN'];ING FO! Household Receptions Conventions Weddings 5,000 Folding_Chatrs Always in Stock H. Baum & Son 616 E St. N.W. Main 9136 Parties Drives flice - | farious - | this lies within the domain of financial MEN AND MONEY By M. S. Rukeyser. (Copyright. 1926.) Among the multitudinous influences that move stock markets is new factor—the literary utterances of col- lege professors. Practical Wall street walts with genuine interest for the latest blasts of criticism from the fearless pen of Willlam Z. Ripley, who occuples the chair of economlics at Harvard University. The next plece of academic dyna- mite from the same source has been timed to explode shortly after the turn of the nmew year. It will con- sist of a book of financlal criticlsm, called “Wall Street and Main Btreet,” in which the David from the colleges will again sling stones at the Goliath of big business. Prof. Ripley's latest outburst was, from the spectacular standpoint, an anti-climax. The muckraking note was softened by the natural conserva- tism of a rock-ribbed New Englander, and yet Prof. Ripley exposed some loose standards in the operations of unregulated holding companies in the public utility field. Prof. Ripley is a member of the board of directors of the Rock Island Railroad. When his first attack on nofi-voting stocks appeared some months ago one of his business asso- ciates went up to congratulate the economist for his fearlessness and to express his approval. In doing so he Informed the professor that after reading his attack he decided to forego a $40,000 fee to do a legal job of the type Prof. Ripley criticized. Thus practice follows theory. Growing Pains of Trade. The electric power and light indus- try, of course, is in the midst of & | period of quickened development, and if crudities of practice have crept in, v be looked upon as growing With the demand for elec- increasing at the rate of at st 15 per cent a year for the coun- as a whole, the central stations are hungry for new capital with which to finance expansion of plant facilities. ¥. L. Dame, president of the North American Co., one of the outstanding public utility holding companies— which Prof. Ripley, incidentally, ex- empts from critical mention—belleves that the holding company idea is the best assurance that an adequate capl- tal will flow to local operating com- pnles. The North American Co. re- turns cash earnings to the business and rewards its patient stockholders with stock dividends. In defending this policy, Mr. Dame says: “The policy of regular quar- terly stock dividends inaugurated by the company in April, 1923, has been found most satisfactory to both the stockholders and the company. A con- servative stock dividend policy is ad- mirably adapted to the electric light and power business. The operating companies must keep pace with the growth of the communities they serve in order to retain exclusive rights in their territorfes. Past records show that the electric light and power busi- ness has doubled on the average ap- proximately in periods of five years. I see no reason why this should not continue on account of the many new applications in the use of electricity for both domestic and commercial uses, Withholding Information. “In a company fMich as ours about 50 per cent of the financing should be done by bonds of subsidiaries, perhaps one-half of the balance by subsldiary preferred stock sold locally, but, un- less the holding company makes addi- tional investments in the common stocks to keep a balanced capital structure, the credit of the subsidlary companies will be impaired. The North American Company’s dividend policy provides a_substantial part of the money needed for this purpose.” In the current Atlantic Monthly Prof. Ripley takes some well timed shots at the tendency of some hold- ing companies to withhold essental financial information from stockhold- ers. The dignified Harvard sage rips oft his coat and goes after his adversa- rles in his shirt sleeves in this man- ner: “A further serious defect of overdeveloped _ holding-company _ or- ganization is the temptation afforded to prestidigitation, double-shuffiing, hornswoggling _ and skullduggery. Sound and defensible management shades off almost imperceptibly under stress of self-interest, glven concen- tration of control, into all sorts of ne- dealings. Practically all of activity. It takes its strength from {domination through common-stock | control of banking houses which may lor may not have a sufficient actual investment to hold them to a steady he practical bearing to the in- or of the criticism of certain prac- of holding companies should be ake him more vigilant in study- ing a public utility corporation and more critical in reaching an opinion concerning the intrinsic value of pub- lic utility shares. It may be consider able time before the abuses can be cor- rected by legislation or reform from within, but meantime the investor should shun as cats in bags shares of those holding companies which are not candid in respect to reporting cur- rent earnings and the nature of the property which they hold. THE BUSINESS OF GETTING AHEA] A Budget in the Home. FExcept for the family at the poverty line, the household income is elastic. The satisfaction with which it is used depends not only on its size, but also on the skill with which is spent. Over the long run, each family must live within its means. Running up bills and borrowing from friends represent only temporary exceptions to this Inexorable economic law. Therefore, extravagance in one direc- tion on the part of a family of limited income means inevitably that it is suffering somewhere along the line. $1,000,000 for this way to end Colds One of the world’s largest labora- tories perfected a way to end colds. It combined a number of modern dis- coveries. That way proved itself so efficient, so quick, so complete that we paid $1,000,000 for it. That way is called HILL'S. Tt checks a cold in 24 hours. It ends | the ifever, stops the headache. It opens the bowels, tones the entire system. And without any ill effects. !As a result, one usually feels better than before the cold began. Millions now employ it. When {they learn its results they keep it |ever on hand. Then a cold rarely gets started. Here is all-in-all for colds—the best modern science knoews. Things will change tomorrow if you take it now. Go start it without delay. Be Sure Its Price 30¢c with portrell Possibly the stinting is taking place where it is immediately noticeable, as in the case of undernourishment of the children. More likely the skimp- ing 1s being done where the evil effects are deferred—such as fallure to carry adequate life insurance or to allocate a regular portion of the weekly income to the savings ac- count. The only sure way that some thing will be left for the thrift ac- count is to take out the savings from the pay envelope before any other enditures are made. If you save only what is left over, it is likely to be nothing. Systematic Spending. Systematic spending by means of a budget means buying in accordance with a well concelved policy rather than ylelding ineffectually to the mis- cellaneous appeals of a thousand and one business men who have something to sell. Every expenditure deducts some- thing from the sum total of purchas- ing power of the family, and the astute individual will not relinquish power except in return for valuable and satisfying things. Food, shelter and clothing come first, and all other considerations must yield to them. Operating expenses, development, cul- ture, recreation, saving and special re- serves also deserve consideration in every man’s budget, A dependable index of an indivi- dual’s well being is not his gross in- come alone, but really his net in- come—namely, that which has been saved at the end of the year after pay- ing all expenses. Outlays for rent, food and clothing are more or less fixed and make ines- capable claims on the family income. Other forms of expenditure, involving small but frequent outlays for sundry extravagances and the satisfaction of momentary whims have a tendency to expand gradually and encroach on funds reserved for saving. Different Living Standards. Differing tastes and standards of 1tving make it impracticable to formu- late universally useful budgets, One family will prefer to economize on rent in order to have additional resources for the education of their children. Another will cut down on clothing in order to enjoy the luxury of the opera. Still another most unwisely will cur- tail expenditures for supplies in the pantry in order to bedeck themselves with gay and attractive clothing. Moreover, the factor of rent varies in different localities. It must neces- sarfly constitute a larger proportion of expenditure in the great cities, where tens of thousands are compet- ing with one another for the privilege of occupying a particular square foot of space. Ready-made budgets, therefore, are likely to be of little value to a family, except as suggestion by means of which they are helped to construct for themselves schedules which best express their aspirations, trimmed to meet their finanelal resources. ‘Well managed savings banks and life insurance companies have under- taken to help families construct bud- gets for their own guidance. It is ad- visable to spend and save in accord- ance with a well conceived program. BANK DEPOSITS GAIN. Baltimore Institution Running Ahead of June 30 Total. Spectal Dispatch to The Star. BALTIMORE, November 8. — De- posits of Baltimore State banks and trust companies as of September 30 show an increase of $3,314,894.16, com- pared with June 30, the date ef the previous call. Aggregate deposits of the 23 banks operating under State charter were $233,253,727.76, accord- ing to a compilation of the local clear- ing house association. Three months previously they totaled $229,938,833.60. In the majority of cases substantial increases also are shown when com- parison is made with the correspond- ing period last year. Statistics of ~the clearing house show that these banks had a com- ibined capital on September 80 of ($17.650,000: surplus, $21,165,500: un- | divided profit 08,932,69, and re- | sources of §25 1313.10. Crop failures in Denmark this sea- son are causing great hardship among farmers t! GIFT BOOK ENTER MPHERSON TRIAL Witness Writes Woman in Cottage Gave Her Copy . of Religious Work. By the Associated Press. LOS ANGELES, November 3.—A book on religion today supplanted a lingerie-laden trunk as the hottest prosecution clue linking Aimee Semple McPherson, gecused evangelist, to an alleged sojourn in a Carmel bungalow. last May with her former radio opera- tor, Kenneth G. Ormiston. As opposing attorneys in the Angelus Temple leader’'s preliminary hearing on criminal conspiracy charges pre- pared to go into court here today to make their closing arguments, District Attorney Asa Keyes dispatched inves- tigators to Oakland to trace the source of the latest bit of purported evidence, a work entitled “The Divine Plan of the Ages for Bible Students.” This volume, said Miss Alice M. Am- merer of Oakland, in a letter to Keyes, had been given her last May by a woman occupant of the Benedict cot- tage at Carmel, the one in which Or- miston has admitted he lived for 10 days with a companion he designated as “Miss X.” B The prosecution contends that ‘Miss X" was the head of the half million dollar Angelus Temple here, Aimee, Semple McPherson, who with her mother, Mrs. Minnie Kennedy, and . Lorraine Wiseman-Sielaff, stands ged with plotting to manufacture evidence supporting her story of kid- naping last Summer. le both sides in the case looked APPLESEED VISITS PRESIDENT TODAY Is Prese! to Secretary Jardine Rotarians nted and Drops in o and Veterans. Distributing apples by the box, a man calling himself Johnny Appleseed left a mass of munching mortals in his wake today from the White House to the Rotary Club. He's the apostle of National Apple week, which began Saturday. Under the Appleseed pseudonym, Johnny is really Willlam T. McCullough, a Pitts- burgh actor. In the interest of bigger and better apple eating, he called at the White House shortly after noon today, ac- companfed by Edwin L. Roberts of this city, to present the President with a box of apples representing 15 choice varfeties. He also went out to Walter Reed Hospital to scatter apples, applesauce and war remin- iscences among the patients there. McCullough was a member of an over- seas quartet during the war. After the White House call he drop- ped in to the Rotary Club luncheon. Later he was presented to Secretary of Agriculture Jardine. His program tonight includes a radio talk on apple- eating over WRC at 6:20 o'clock, and a talk from the stage of Keith's The- ater shortly after 9 o'clock. Hell catch the 10:20 train back to Pitts- burgh, starting point of his tour in the Interest of Apple week. —_— forward to a decision today either dis- missing the charges against the evangelist or holding her for trial in the Superior Court, officers exam- ined the 67 pleces of women’s wear- ing apparel, seized recently in New York in a trunk said to belong to Ormiston, who is vainly hunted as a co-defendan ISAAC GERRODETTE DEAD. | mferirdririerifrer oot Employe of Engraving Bureau for 45 Years. Isaac Gerrodette, 75 years old, re- tired section foreman, printing divi- sion, Bureau of Engraving and Print- ing, dled Monday at his residence, 27 8 street. He was born in New York and served in the bureau for 45 years. He was a foreman for 25 years before his retirement in 1920. Mr. Gerrodette was a former chair- man_of the executive committes of the Plate Printers’ Union, of which he had been a member for 50 years. He was a _memher of Potomac¢ Council, No. 208, of the National Union; Plate Printers’ Union, No. 1, and ,6Arbor Vitae Lodge, 1. O. O. F. He is_survived by his wife, Mrs. Mary Elizabeth Gerrodette, and a daughter, Miss Eleanor V. Gerrodette. Funeral services will be conducted tonight at 8 o'clock at his late home by Rev. Simpson B. Daugherty of United Brethren Church. Interment will take place tomorrow afternoon at 3:30 o'clock at Brooklyn, N. Y. Ordered to Capital. Capt. Clive P. Mueller, Medical Corps at Fort Hayes, Ohio, has been ordered to this city for duty in the office of the Surgeon General of the Avmy. /). Stop Her Sore Throat Don’t experiment. For over _/% thirty years wise mothers ¥ have been getting quick, welcome relief by using TONSILINE s Fimas femeds Complete Service Our mortuary service is as complete as you may de- sire. Every small detail is carefully handled with skill and dispatch. Model chapel, private ambulances and liv- ery in connection. Just call James T. Ryan Mortician 317 Pa. Ave. SE. Lincoln 142 ROUND TRIP NIAGARA FALLS Sunday, November 14 Special Through Train No change of cars Lv. BSaturd: Event: N 13- Enlon " Siation, - Washingtone T 7:05 PM. Sunday, November 14 . Buftalo. .. ..6:55 AM. i Falla’ (N¥e'w " York Con” 18000 AL Retarning Falis (New York 1 S e P Buffalo .5.05 PM. Cen- i’ennsylvama Railroad Buy “GAS” as you'd "buy Clothes i ‘{F‘" 0 —for there is a difference MAN can buy a suit of clothes for $18—or he can buy one for $75 or more. A / You wouldn’t expect to get the same quality of fabrics—the same length of wear—the same service and satisfaction from the cheap suit that you get from the good one. And you wouldn't get it! Gasoline is just the same. There may be some “gases” which sell for a lower price than AMERICAN GAS. But they are not cheaper! You shouldn’t expect them to be. You shouldn’t expect to get the same uniform quality—nor the same mileage—nor the same service and satisfaction. And you won't get it! There is a difference in gasolines—a real difference! The suc- cess of AMERICAN GAS and its increasing popularity with Washington motorists has proved that. Dollar for dollar— cent for cent—this ORANGE Colored Gas gives you more mileage, better service, more complete satisfaction. Cost price is only half the story. Cost per mile is the im- portant thing to you. Buy Gas on that basis—and you'll buy, AMERICAN GAS! Sold at the Yellow and Black’ Pump with the Red, White and Blue AMERICAN GAS Globe THE AMERICAN OIL CO. AFFILIATED WITH PAN AMERICAN PETROLEUM & TRANSPORT COMPANY AND IS SUBSDiARY MEXICAN PETROLEUM CORPORATION