Evening Star Newspaper, November 10, 1926, Page 13

COTTON S QUIET, SLIGHTLY LOWER Easier Cables Promote South- ern Selling and Hedging in Today’s. Trade. By the Assoclated Press. NEW YORK, November 10.—Cotton futures opened barely steady. Dacem- ber, 12.28; January, 12.38; March, 12.62; May, 12.85; July, 13.10. The market opened barely steady today at & decline of 2 to 8 points, active months showing net losses of 6 to 8 oints under Southern hedging and ocal or commission house selling, pro- moted by easier Liverpool cables. Janu: old off to 12.27, but initial offerings were absorbed by trade buy- ing or covering, and the market was steadier at the end of the first hour, prices showing rallies of 3 or 4 points from the lowest, General business was comparative- ly quiet, but there considerable buying of January and March against sales of later deliveries, and the trade buying on resting orders seemed just about sufficient to offset Southern hedging. While Liverpool was lower than due, g:lnvule cables said trade calling there absorbed hedge selling and liqui- dation at the decline. Trading became quiet after the fn- itlal orders had been absorbed and prices fluctuated within a range of 4 or 5 points later in the morning. A private crop estimate of only 16,486,000 bales was- published, but without apparent effect on the market, and while the weekly report of the Weather Bureau emphasized unfavorable conditions for picking, it appeared to attract very little atten- tion. At midday prices were holding around 12.40 for January, with active months generally showing net losses of 8 to 6 points. New Orleans Market. NEW ORLEANS, November 10 (P).—Cotton futures opened lower. December, J March, 3 A J The market opened easy here today due to lower cables and to the favor- eble weckly weather and crop report {ssued today. First trades showed losses of 5 to 6 points, and continued downward, after the start on liquida~ tlon, until December traded to 12.35, January to 12.38 and March to 12.55, or S points down from yesterday's close on all months. Trading will be suspended here tomorrow on account of Armistice Day. New York and Liverpool exchanges will remain open. Liverpool Quotations. LIVERPOOL, November 10, (#).— Cotton spot fair demand; prices eas- fer. American strict_good middling, 7.86; good middling, 7.51; stri dling, 7.21; middling, 6.86 middling, 6.51; low strict good ordinary middling, , 6.66; good ordi- 8,000 bales, includ- Receipts, 22,000 15,300. Futures vember, 6.66; Decem- 6. March, 6.8 ; September, 7.1 Washington Stock Exchange as 55—$1.000 at 100%. Canital Traction Co—10 at 103, k—10 at 230, 5 at Co. com—50 at 30, 50 at 30. R CALL, Washington Loan and Trust Co—4 at Money—Call loans. 5 per cent and 8 per oent. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Tel. & Telga. 4 1, & Telga. 4%, LR e Asked. r T Tons 1 ond E National Bank of Wash... TRUST COMPA American . ‘ontinental ¥ on . 21 TLE INSURANCE FCREIGN EXCHANGE. *Quotations furnished by W. B, Hibbe & Co.) PACKING FIRMS HIT. BALTIMORE, Novem 10 v of live of the herce )vember ne of the plants here are now running only €0 per cent of normal. In other lines, however, business is good, to the report. Com (Spe- | | agrees to give him a certaln number EVENING STAR, NEW YORK CURB MARKET Received by Private Wire Following i1s a list of bonds and stocks traded in on the New York Curb Market today. IN] B Sunaroqs, PUSTRIALS, | 1 Aero Sup Mfg B 1Am°cyanamid B 3§ 8Am Gin & k1 Am gav & mlpia 03 v & Tra 8 - 19 ) SR F e TR e PERSEE ey s RCEEEEEE] 880 G- Fru - e ISR KA o momemosh ol Smn o 1 T T A Aottt e 0 FEEd i B8 b moscige i S Bl o et Sich FSTE RRE PR PR AR Brui Corp A el Corp Brock e L BN AR o 'f‘ SRS Eom SR TR e 30 = e Brrorcons-amtip. L 2o MBI Do 3 B Dm0 BSREESE: # E = SERSS3%: ) 8 SBoes s o - 3 it Ao e ronon s woln 245258 vubn 250 Sete 8333800k EORRE SRS £ 2 oS o e EoRas '3 o o omos oo £ Fa AR R B R F PE EEEE Eonpos Boar mo Do - - p Boa o D ey ad Sa_Gar vto ay Dep Rts wi engel Box. ... 1d West Util: id W U_pr i » T Septams 3ot e - o e AR T OPNNEGEIEE AR B - B RRR ERAE - 550 A BN D T (NS I B A DR B 1 (5 ST e S D » - - A DD a it HRNDRGAL o Kol T O . - ™ 2. O bt 23 2 ol BEF R REERE pnreBaS Baannan 29carat0Be0ms o @ 2ozmatoBions S ozt Bras FRFE ORI FORRRS 3 o onn ot S Zrocn s S s th B w Bell pi St Reg Pap . Swift Intl . Tampa El 0. Timken Axle Trans Lux Pic A ghare Trave Ins 11 Trumbull St1 pt. Uni Biscuit B R S NS e o S S B L R R R e R O N S R A o P DR - Proreryae) & 3 11, - =3 9O mlie Gl Cormiome 2B S R s B A e R L R R R 8L 5 L BB b b B e SR B R S0 e BE 58 T - - Tni EI U i ® SRR P R RRGRAFEF ARFE R S bl 1 p [y - R O »® Brrs) 2 ¢ 2 2 W 18 Sew Sales in MINING STOCKS. hundreds alaveras Con 1 Cons Cop Mines ng GI M Ltd I 10 Furek Croesus. . 22 Fal Lead Min: . 10 Flor 20 Forty Nine 30 Hawthorne M 17 Kay Cop Cor 5 New Cornelia. DO BB BEDBISBIBDA S LR DIDOR D DD DDS A B LS = = - t Auto Su M & 0 oo 1 oo, o TFE E & 380 A Go & P 10 Spearhead Gold. . 10 Teck Hughes ni East Min R RIDR D IRNB BB IADE i £.502 T’ OIL >TO 30 Am Con Oilfids. 5Am Maracaibo 2 Beacon Oil: oo _ bk 9, 3 S e o % D ) Ermxaannd o 28 85 82 G 00 20 S O b % % FoEae ¥ ® - ™ TERE FEE ol TE G S F @ 2, 20 Oil. . 47 Magdalena 8yn. 82 Mex QIL. .. .~ © L e » 2% 2 o [ T e S FI P F S »a oGl - b el ®x 13 S 0oacat 1000 pre idal Tid Er D 20 _ovol R AT F 20 BRI Be b aoteBuias’ FE AR F S is 1o _ov SxB8 SaShaB It i i EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES, Uses of “Short” Machinery. A few more observations regarding short selling are in order before we dismiss the topic. One point of in- terest to investors is that the facilities provided for borrowing stocks make it possible for the actual holder of a block of shares to dispose of them at the market price regardless of whether he is in a position immedi- ately to make delivery. It may be inconvenient or even im- possible for him to go to his safe de- posit the certificate representing his stock to send to his broker. This 18 not rv, however. just the same as though he speculator by making a short sale, and his broker will borrow it for delivery. Then later on he may close the transaction by sending the stock to the broker at his lefsure. The only condl! ount with the broker, and that his | te protected by a cash margin. Large this method of making sales, and often retain technically “short of the market” for a long time. Sometimes they buy back their stock instead of delivering it, when that operation proves profitable or when they change their opinion as to the outlook for that particular security. All this applies to stocks. There is no such machinery for the short sell- ing of bonds. That is to say, there is no organized market in which bonds may be borrowed by short sellers Dealers sometimes sell bonds short when they are sure that they can bor- how them for delivery, but the outside investor cannot ordinarily avail him- 1t of this method. In ifs place he ¢ sell his bonds for “delayed de-| meaning of days before delivery of the actual certificates. Generally the buyer of bonds for delayed delivery demands a slight concession on the price for ex- that the buyer tending this privilege to the seller, | ceipt today. box in the bank and take out|4 He may sell the | Bal n is that the investor have an | S8 N holders of stock often use, 3 Direct to The Star Office Sales ~ STANDARD OIL ISSUES. n units. 600 Anglo Am Oil... 21 2900 Ang'% Hhon vio 1 4 - B orcatao S e SO E RO DR S RTD 5 - FESR R & SRR ok O b maroe) & % oo [ BEEE- S8 (oo % i " H 10 G ;rs P 78 27 Gattneau Pow Gs 1 Gatineau Pow 6s General Pet gl 9 D EOS DDNO DD DD DO SO SO D¢ - coooSyoeooocboonsonoebonhonh oo Te0De5a BB DI DI 0 A D28 o &t - D 2 B 1 B T8 2 ST BB B N © O BB DN DN AR E O AR SIS B RIEEER SR GRS, S S e =33%38 228238223 Web Mil 634s. . W U Tel 1 82 el 68 wi 10 Sales In FOR! thousands of dollars. R 8 Burm & E 10 Denmark_ b 42 Free St Pru coooooooon t1 . 993 4 M Bk Fin 78 99 18 Ital Pub Util 78 59% 6 Krup Fried L 78100% 1. etz C 734810414 104 s 1101 M 78 04 Den 68101~ 1 Medel 8s 103 5346, 96 1100 n'16 200 Draopars S e §PPRRER, £ Fze = 3 %0 7s 28 © 101 &7 88101 Sie & Hal 6s 1'p 99 State Ham Bs... 95 tines 78 30"l 995 %e 101 51021 Swiss Golv;g & W PR 83 §W eunwt B8 Uni St'W640s'C 8 tvidend. NEW YORK PRODUCE. NEW YORK, November 10 (Special). —Concord grapes were in lighter re- Arrivals from western and central New York in 12-quart baskets wholesaled 40 to 413, occa- sionally as high as 45. Bushel bask- ets_brought ‘75 to 1.00. Celery declined in a dull and weak- er market. Western New York golden self-blanching in the rough packed in two-third crates jobbed out from 2.00 to 2.50. Most of the New Jersey stock realized 2.00. The supply of white potatoes on hand at most terminals continues heavy. Bulk round whites from New York up-State sections peddled out from cars chiefly at 65.00 per 180 pounds. Maine Green Mountains brought principally 6.50 for the same quality. A steadler feeling prevailed on the market for State cut carrots of fancy quality. The very best sandland and muckland stocks commanded 1.65 per 100 pounds. The onion situation was irregular. Orange County 100-pound bags of yel- lows sold from 1.50 to 2.25, and reds from 1.50 to 2.15 through the stores of commission merchants. —_— GERMAN BONDS AND STOCKS. (Quoted in dollars per million marks.) A Asked. Ger Gt (w In) Bs 1914-18 1850.00 1025.0 Hamburg 434s 1919..... 11500 1 (Quoted in dollars pe Germ Gen El d3a pro-war Germ Gen Elec 4%s 1919 ro-war - - GORS OB S 1M . [ B A housand {:nlrk; ) 2222279 33333 & 583 mbh S Do) 43 “pre. Frankfort a-M 4a pre- Munich 48 pre-war. . Badische Antlin 125n 5509905305 #3333333333333 Commerz & Privat Disconto Gellachatt SR 2> 33 555:125550m570! 3333333333333 00! EESE Austrian A Berliner —_— TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co.) SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) ) j B 5 & FiFTRSEESE $ie & = IORBARRABE FIEEE FEETIE PREERSGFEF S PRGN F i, e 5550550000 s 1 . 88 1941 Gregon Short Line 4s 103 Penna, R. R. 49 1831, ... Pure 01l Co. 818 1033 | Sinclatr C. 011 F. . 8y | <4 e 4o 2555900505 50:55 EEB ppat iR S e e Smelting Wisc. Cent. Ry LEEEE S EE N E e R R R B R bt £ IR FREEE PR EERE SR EE Rt e b oo ooy PITTSBURGH.—Bar producers are reducing schedules throughout this district. Specifications for tank plates are fewer, but prices are firm. Pipe makers appear to be catching up with their back logs. FORT WORTH, November 10.— West Texas oil production has in-| creased 1,450 barrels daily in the last week to an average of 865,355 barrels day. This is & record production for §7m Texas, FEEF 0 |are strong, with Ohio Delaine selling WASHINGTON, TRADING HEAVIER INGENTER MARKET Improves Demand for Foodstuffs. Poultry Supplies Local. Improved condition of the weather i this morning was reflected in the| | wholesale market. There was much | more activity in evidence than during jthe warm and wet weather yesterday, | dealers reported, and there was a de- | cided increase in @emands. H Possibly because of the warm weath- |er turkey receipts showed a decided | | decrease, light receipts causing a slight | ! Increase in the price of the live tur- | | keys. An increase of 8 cents, from | | 85 to 38 cents, was reported. Increased | receipts may result in lowering the | { price. i | Ample supplies of ducks, chickens | 4 |and keats to meet demands are being | | received. Young keats are in great | jdemand at prices higher than those ! charged for other poultry, many con- sumers, it is stated, using them in ‘nl:;r‘,e of game they are unable to ob- tain. It is expected that opening of the ,game season in Maryland today will mean an increase In receipts of rab- | Bts. Still further increases are ex- pected after the opening of the gun- Ining season for rabbits in Virginia next Monday, November 15. Today’s Wholesale Prices. Butter—Fancy one-pound prints, 12 store packed, 38. elected, 52a53; hen- 5a60; current receipts, 50; stor- y—Allve—Turkeys, 88; chick- ens, 25a26; White Leghorns, 23a24; fowls, 26a27; roosters, 18; ducks, | young, 20; old, 15; keats, young, 50a60; old, 34a40. Dressed—Turkeys, 40ad5; chickens, 82a33; keats, young, 8090; old, 45a50. Meats—Beef, 18a19; veal, 22a24; lamb, 26a80; fresh hams, 29a80; shoulders, 23a24; loins, 31a32; smoked hams, 82a33; smoked shoulders, 20222, Live stock—Calves, choice, 13; me- dium, 11; thin, 6a7; lambs, 18. Fruit and Vegetable Review. Today’s market report on fruits and vegetables, compiled by the Market News Service Bureau of Agricultural | Economics, says: Apples—Supplies Iiberal; demand | lght, market dull; barrels, Pennsyl- vania, No. 1, Grimes, 2% inch, 8.00; |B grades, 2% inch, 3.00a3.50. Vir- iginia, No. 1, Delicious, 2% inches, 50.* Boxes, 'Washington, medium to | large size, extra fancy, Delicious, 3.00a | 3.25; Spitzenburgs, 2.25a2.40; Jona- | thans, mostly ripe, 2.00; bushels bas- i kets, Maryland, Virginta and New | York, No. 1, various varieties, medium to large size, 75a1.25; mostly around 1.00. Cabbage—Supplies liberal; demand moderate, market dull; New York, bulk per ton, Danish type, Celery—Supplies moderat moderate, market steady; New York, 1two-third crates, 3.00a3. mostly 8.0 few low as 2.50; Oregon, crates, 4% dozen, 6.50a7.00. Grapes—Supplies liberal; demand moderate, market slightly weaker; | New York, 12-quart climax baskets Concords, 42a45; few high as 50; 3- quart climax baskets Concords, few sales 17. Lettuce Market Today. Lettuce—Supplies moderate; demand moderate, market steady; California, crates, Iceberg type, 4-5 dozen, 2.76a 3.00, few low as 2.50, some ordinary condition, 2.25a2.50. Onions—Supplies moderate; demand moderate, market* steady; Michigan and Indiana, 100-pound sacks, yellows, | U. s. No. 1, 2.00a2.25. { Pears—Supplies, light; demand light; too few sales to establish market. Potatoes—Supplies liberal; demand | moderate, market steady; Michigan, 150-pound sacks, Russet Rurals, U. 8. No. 1, 4.85a4.90, few 5.00; New York, 150-pound sacks, round whites, U. S. No. 1, 4.75a4.85, few high as 5.00. Sweet potatoes—Supplies moderate; demand moderate, market steady; North Carolina, Virginia, Norfolk sec- tion, cloth-top stave barrels, yellow, No. 1, mostly 2.50. String beans—Supplies light; de- mand good, market steady; Norfolk section, b-peck hampers, green, 3.00a 3.50, mostly 8.00. | Tomatoes—Supplies light; demand moderate, market steady; California, lugs boxes, ripes and turning, wrap- ped, 8.50; Ohlo, hothouse,*® 10-pound boxes, medium size, 8.00; small size, 2.25a2.50. FLOUR IS HIGHER. BALTIMORE, November 10.—An increase of 15 cents a barrel on West- ern grade of Spring patent and Spring straight and 25 cents a barrel on| ‘Winter patent and Hard Winter pat- ent and hard Winter straight flour was announced on the flour exchange today. Flour today is selling in car- load lots from 60 to 75 cents a barrel lower than at this time last year. —_— WOOL TRADE BETTER. o | BOSTON, November 10 (Specfal)— | Business was distinctly better In the | local wool market today, with consid- erable movement in territory grades. Choice selections are scarce. Fine combing wool is moving at 1.12a1.15, !clean basis. Half blood is somewhat | spotty, but prices are firm. Fleeces at 46, grease basis, and more dealers now inclined to hold for 47. RUBBER UNCHANGED. NEW YORK, November 10 (Spe- | clal).—Crude rubber, smoked ribbed | * | sheets remain unchanged at today's !noon quotations of 41%. This com- pares with 42% a month ago and 1.00 a_y ago. Millions Use It To Stop a Cold, Cold Compound” or “Pape’s ends severe colds grippe in few hours. Relief comes in- stantly. A dose taken every two hours until three doses are taken will end grippe misery and break up a severe cold either in the head, chest, body or limbs. It promptly opens clogged-up nostrils and air passages 1n the head, stops nasty discharge or nose | running, relieves sick headache, ! ! dullness, feverishness, sore throat, sneezing, soreness and stiffness. Don'’t stay stuffed-up! Quit blow- | ing and snuffling! Ease your throb- bing head! Nothing clse in the world gives such prompt relief as “Pape’s Cold Compound,” which costs only | | thirty-five cents at any drug store. It acts without assistance, tastes nice, causes no inconvenience. Be pure you get the genuine, MEN AND MONEY By M. S. Rukeyser. (Copyright. 1926.) Henry Ford is by no means a back number in the automotive industry. Other manufacturers still look to him for new ideas. Mr. Ford has habit- uated the rest of the industry to a serles of surprises, and other manufac- turers are always on edge to learn the newest Ford policies. In a year in which the Ford Motor Co. declined in the relation of its output to the total production of the industry as a whole, the Ford Co. is currently—in the final quarter of the year—staging something of & comeback. The Ford production fig- ures are no longer available to out- siders, but the railroads in the Detreit district report that recent Ford ship- ments are far heavier than indicated by operations in the first three-quar- ters of the year. The precise cause of the revival is difficult to trace, yet it is no secret that Mr. Ford has recently been in- spiring sluggish dealers. In a recent talk to his selling forces the wizard of Dearborn is said to have stressed the fact that his car s still selling nearly $200 below the models of other companies. The recent intensification of selling efforts is bearing fruit. Public Seeking Values. Another factor is that, in spite of the current large volume of retail sales, the public is searching for val- ues, and 18 to a large extent moved by price considerations. For the year as a whole the out- standing feature has been the relative growth In importance in the industry of the General Motors Corporation, which last year made one out of five cars manufactured, and which now makes one out of four. This has been a General Motors year, marked espe- clally by gains in the Chevrolet and Oakland divisions, which in 1925 did not share the large measure of pros- perity which the Buick and Cadillac divisions enjoyed. Outside of General Motors, the Chrysler benefited from growing public favor. As the automobile industry becomes concentrated In fewer hands it tends to attain greater stability, but it is still subject to wide fluctuations re. sulting from changing styles and alternating buying whims. The larg- est rewards in 1927 will go to the en- terprises which can capture public fancy. The ratlos of sales among varfous companies are by no means fixed. There is probably a greater competitive spirit within the industry than ever before, with each factor fighting to retain or increase its share of total volume. In 1927 this scram- | ble 15 likely to be further intensified. Ford’s Ideas Accepted. Mr. Ford's ideas on business prac- tice have been widely accepted by the industry as a whole. In the first place, he contributed the idea of specialization. His company specialized on the making of a single standardized chassis, achieving the economies which spring from giving entire attention to one task. Secondly, he was the first to see that D. 0., WEDNESDAY, NOVEMBER 10, 1926. prices should be attuned to the pre- vailing notions of the buying public. He recognized that by cutting prices he would almost automatically in- crease the number of potential buyers. Formerly, manufacturers based price on cost of production, but Mr. Ford perceived that the cost of production was not fixed but highly variable, de- pending to a large extent on the volume of cars turned out. His pro- gram has been to set a sales quota, and base his prices on the assumption that the selling goal will be attained. Other manufacturers have since fol- lowed this procedure. Incidentally, it has been common gossip in automo- bile quarters that during the first nine months of the year Ford sales had not been quite up to expectations. Probably that situation accounts for speeding up of selling activities dur- ing the fourth quarter. Thirdly, Mr. Ford established the minimum wage notion, and relieved the industry of the difficulties re- sulting from a policy of sweating labor. For a time, the automotive industry was looked upon as a rela- tively high wage industry, but grad- ually the general level of wages has more or less caught up. There has recently been some feeling that the full prosperity of the industry has not been shared with labor, and this point of view found eypression in the desire of the American Federation of Labor to unionize automobile workers. It would be in line with precedent for Mr. Ford to take the leadership in announcing a new wage policy, if he really believes higher wages are de- sirable and feasible. His inauguration of the five-day week was a step in the direction of leadership in labor matters. Whereas formerly Mr. Ford’s com- pany made one out of every two pas- senger cars produced, statisticlans re- cently estimated he was making only one out of three. This changing ratlo, according to opinfon in the trade, has been due to the fact that companies like Chevrolet, Will Overland and Essex, though not getting down to Ford’s low prices, narrowed the dif- ference between Ford prices and their own. The Ford Company has discounte- nanced rumors to the effect that it might radically change its model, bringing out a six-cylinder car with w standard gear shift. No outsider can speak for Mr. Ford, but even his competitors recognize that the Ford car flz\s received such wide consumer acceptance that fundamental changes, such as rumored, were unlikely. Of course, all automobile manufacturers, including Ford, are perpetually striv- ing through experimentation to im- prove their product, and further tech- nical advances are expected. ‘The industry as a whole, despite a setback In the fourth quarter result- ing largely from seasonal factors, will no doubt have produced and sold more automotive vehicles in 1926 than in any previous year in this history of transportation, 5 OF GETTING AHEAD. Avoiding Blind Alleys. A blg success in little jobs some- times prevents an individual from making progress commensurate with his talent. In the business world, it 1s wasteful to shoot flles with cannon. ‘There are occasions when the man is too big for the job, and he sometimes fails to recognize the fact because of his apparent success as measured by salary increases and commendation from his employer. Promotions are flattering to the employe's vanity dur- ing the salad days of his business career, and blind him to the fact that his work 1is leading him nowhere. Such blind-alley jobs are a danger to the young man who is overeager to get a relatively fat pay envelope at the outset. What he gains in cash in such work he loses in oppor- tunity for ultimate advancement. He is frittering away productive years when he should be training for posts which will give him an opportunity to reveal his full talents. The man who makes a meager show- ing in a blind-alley job is sometimes more fortunate than the man who seems to succeed fully, for the former is encouraged to shift to something else. As a result of the change, he may be in a line of work where ulti- mate promotion is limited only by ca- pacity. In planning e career, the young man or woman can properly ask the prospective employer what the long- term prospects are. Must Look Into Prospects. In practice, the genuine successes in jobs which are not blind alleys rise further than they anticipated in their apprentice days. Rallroad presl- dents who started as section hands or clerks in most instances never ex- pected to climb to the top of the ladder. Calvin Coolidge recently told an interviewer that when he was a boy no one predicted that he would be- come President of the United States. ‘What Charles H. Markham, chalr- man of the Illinois Central Rallroad, and considered by many the best all- round raflroad executive in the coun- try, calls a zest for small jobs fre- quently brings substantial, though gradual, promotion: But it is well for the individual to remember that his business progress is dependent not only on his faithfulness and his ca- pacity, but also on the judgment and skill with which he has sold his serv- fces. It s good economics for the individual to invest his time in su- perior, rather than inferior, service. For example, if an individual is equipped to be either a chauffeur or an expert mechanic in an automobile factory, he should choose the latter work which is more remunerative. This seems obvious enough, but in practice the average man is not an- alytical about his own capacities and limitations. He drifts, and allows chance to determine his material suc- cess. Must Sell Services. The same type of merchandising skill that characterizes a good mer- chant should be employed in selling human services. Many able men un- derestimate their worth, and not only ask too little, but are careless in al- lowing themselves to drift into lines of activity that hold out no real fu- ture. On the other hand, others over- sell themselves, and have skill in get- ting jobs which they are not compe- tent to flll. They waste their own new experiences await you BALTIMORE IS SHIPPING MUCH SOFT COAL ABROAD Special Dispatch to The Star. BALTIMORE, November 10.—More soft coal is being exported through the port of Baltimore than ever be fore. Coal operators believe urgent foreign buying will continue until Christmas at least. They are not dis- turbed, apparently, by reports that the British coal strike may be settled within a few weeks. ‘Thus far in 1926 this port has shipped abroad 3,590,688 tons of bituminous coal, with all months run ning heavily since June. Coal exports in September were 769,759 tons; in August, 763,629; in July, 561,229 tons and in June, 198,862 tons. Reports from England state that production there is now in excess of 1,000,000 tons weekly, but supplies are irregular and, including imports, rep resent only about one-half of normal requirements. Prices are about dou ble the normal level. Even should the strike be setled early, operators he feel that the market will not show a pronounced break, and that Britain's old foreign trade in coal cannot be re gained for some time. NEW YORK MARKETS. NEW YORK, November 10 (#).— Flour firm; Spring patents, 7.40a7.80 soft Winter straights, 6.50a6.75; hard Winter straights, 7.40a7 Rys ler; No. 2 Western, 107%, f.o.b., N. Y., and 105% c.if. export. Barley —Barely steady; malting, 83%aS3%. of.f., N.Y. Lard—Steady; Middle West, 12.80a12.90. Tallow—Easy; special ex tras, 7%; extra, 7%. Hay—Steady sample, 16.00a20.00. Wheat—Futures opened steady: domestio, December. 1.4814. Other articles unchanged. —— e BUTTER IS HIGHER. CHICAGO, November 10 (#).-—Butter —Higher; receipts, 3557 tubs; eream ery, extras standards, 44; extra firsts, 45a47; firsts, 40a43; seconds, 8639 Eggs, higher; receipts, 3,166 cases. firsts, 43a48; ordinary firsts, 39a42; re frigerator extras, 343; refrigerator firsts, 8323315, PCULTRY PRICES STEADY. CHICAGO, November 10 (#).—- Poultry—Alive, steady; receipts, 16 care; fowls, 17a23; springs, 22; tur- keys, 35; roosters, 18; ducks, 22: geese, 19. time and that of their employer, and endlessly shift from place to place, as each new employer recognizes that they have bluffed him. To get out of blind alleys, men of vision frequently make large sacri fices in immediate financial returns. When hired men form a partnership and go into business on their own, they frequently assume a voluntary cut in thelr current income. In the early days when the late John r maker was establishing himself as an independent merchant, he allowed himself a much smaller salary than many of his hired men received. He was_ consclously sacrificing current income for future possibilities. Power in excess—even greater top speed—a new quality of vibrationless power flow—and an unprecedented ease and steadiness of steering at any speed—these and other refinements mark the new “Seventy-five” as the most highly perfected m Amongshe enghnooring advescoments of the "Seventy-five” & the Steoring Stabiliser which soives & problem that has baffled enginoers since the advent of the balloon ftires Ry climinating “shimmy”™ at its soures, it produces & now MARMON WASHINGTON COMPANY 1636 Connecticut Ave. N.W. North 2601 N otor car in America today steadiness of steering bmown to we other Americas astomobils, in combination with & wew type of solf-ener- gizing fowr-wheol brakdes Prices the mest eouservative in Marmen bistory — §3195 ond upwerd, 1. 0. b. foctory