Evening Star Newspaper, February 4, 1927, Page 5

SHORTS AGAIN HIT AS WHEELING SOARS Talk of “Technical Corner” ¢ Brings Probe by Exchange. | Price Up 17 Points. Associated Pross. YORK, Febr 4.—Spec- ¢ fluctuations in the shares of Wheeling and Lake Erie Ralilroad took place on the New York Stock Ex- ehange today extended their investigations into reports of a technical “corner” in the common and preferred issue: The common, points lower at high record for pared with a low of 27% The preferred moved up three points to a new top at 81. A report of daily transactions in both issues has been wasked by the business conduct com- mitte€ of the exchange. In Wall Street parlance a technical corner is due to extraordinary trading in a stock which i sely held and of which there is little floating supply, as contrasted to deliberate manipula- tion. The Stock Exchange has been investigating the situation in Wheel- ing and Lake Erie and the fact th: it had made no announcement re- that no_illegal pre ound. As long stock can be borrowed, no actual co- ner exists The nams of L. the Delaware and is connected in W with the Wheeling vity, as that resa was included in his proposed trunk line, as outlined before the In- terstate Commerce Commission. Unalterably opposed to his program hre said to be the New York Central, ad Ohio, Nickle Plate and ania. These lines have not mgreed among themselves about the disposition of the fous Eastern Shore lines, but are, with the excep- tion of the Pennsylvania, sald to be planning division of control of the ‘Wheeling among themselves. Penn- stz not revealed. in which Leree’s financial backers are not known, is predicted over the Weeling control. imates in Wall Street are that . P. and M. J. Van Sweringen of Cleveland have made $63,000,000 in paper profits in the last three years on stocks of railroads they propose to merge in a $1,000,000,000 Nickle Plate trunk line. The figure is de- duced from prices paid’ for Nickle Plate, Chesapeake and Ohio, Pere Mar- quette and Erie, compared with present market values. Financial observers are inclined to believe no definite plan for the pro- posed Nickle Plate merger will be brought out until Congress has acted upon new merger legislation. Final details of a plan to unite the " Northern Pacific, Great Northern. Spokane, Portland and Seattle and and Chicago, Burlington and Quincy Railroads await completion. fter opening two 71, soared to a new the Penusyi $3,000 JEWELS FOUND IN SERVANT’S ROOM Richmond Woman Reports $4,135 in Gems Missing After Visit to Night Club. Jewelry valued at $3,000, property of Mrs, McLeod, wife of Repre- sentative McLeod of Detroit, Mich. was reported missing from the family’s apartment in the Roosevelt yesterday afternoon. While Mr. and Mrs. Mc- Leod were at the President’s recep-i ytion last night, the latter’s mother found the missing jewelry in a maid's room. Its finding was reported to the lice. No arrest was made. Theft of $4,135 worth of jewelry was reported to police last night by Mrs. Lynda Bailey of Richmond, a guest at @ local hotel Mrs. Bailey told Detectives Kelly and Darnall that the larceny occurred early vesterday morning, following her return from a night club. Upon awakening yesterday morning she found that a $3,000 diamond ring, an $800 four-stone ring, a dinner ring val- ued at $300, and her wedding ring, in addition to $35 in cash were gone. Four other thefts and robberies (} were reported to the police. Lottie Shreve, 619 Columbia road, was robbed of her pocketbook, co taining $2, at Sixteenth and T streets, about 10:30 o'clock last night. She told the police that the pocketbook was snatched from her hand by a colored boy about 10 years old, Theft of $38 in cash and two checks was - reported from the store of H. E. Glotzbach, 923 Twelfth street northeast. The money and checks were taken from the cash drawer while Mrs. Glotzbach was waiting on & customer. Christina’ Hardy, 4717 Dix street northeast, reported to the police that she was robbed of her pocketbook, containing $2.80, last night by two colored men while returning from a visit to the home of a neighbor. The men threw her to the ground in order to_get her pocketbook, she stated. Burglars entered the store of Mrs. Dora Paul, 2206 Twelth street, last night and took $32 from the cash register. An engagement? Open your account at the “Federal-American” and engage 1t as your banker. A “National” bank. HEATING PLANT No Money Down Until March 15 Easy Terms TEAM or ¥ WATER Heating Plants Installed Now Wo aso_weval pelcss SHIELDS Will Positively Save You Money Pipeless Furnace Ready to S@;ELDSS‘E("). 24-26 N. Howard St. Baltimore, Md.—Vernon 6663 HANDLE 7 wAn 5 VAN SWERINGEN 2/ CLEVELAND HOME o/ THE EVENIN STAR, WASHINGTON, D. FRIDAY, FEBRU MILLIONS BUT SHUN WERINGEN COLOREDSLAYER . S GVEN 15 YEARS David Lucas Was Accused o Killing His Friend in | Crap Game. Criminal Di- | Justice Hoehling in | ximum | vision 1 today imposed the n | penalty of 15 vears in the penitentiary | on David Lucas, colored, who killed | Thomas Blair, also colored following a crap game in Christian Court south- west November 28. Blair and Lucas were friends and one of the other men in the game drew a knife it was stated and Lucas picked up an iron bar to defend himself. In swinging the bar it was claimed he struck Blair on the head, inflicting an injury resulting in his death. Lucas was in- dicted for murder in the first degree, but was permitted to plead guilty to manslaughter. Robert M. Asher, a young colored man whom the police claim was re- sponsible for 37 cases of housebreak- ing, but who was indicted on only three charges, wa: sent to the peni- tentiary for seven years on each case. The court permitted the sentences to run concurrently. Two other colored men were given like terms for house- breaking and larceny. John T Pritchett broke into the store of John M. Smoot January 4 last, and James E. Jones was charged with two cases of housebreaking. His sentences were also allowed to run together. He en- tered the stores of William Werner June 15 and of Albert Wulf November 2. Jones told the court he had been gassed in the World War and was not responsible. Left Thumb-Print Clue. Philip Davis, whose conviction of housebreaking resulted from an im- pression of his thumb left on a cash register, was given a term of 4 years in the penitentiary. He broke into the office of Little & Co., December 8, and left no other clue, but the fingerprint which was proven by ex- perts to be that of the accused. Ernest Rich, colored, was given 3 years in the penitentiary for house- breaking. He broke into the apart- ment of Laura Lane, December 27, and stole $37. Robert E. Davis, con: victed “of attempted criminal assault, was sent to the penitentiary for 30 months, Terms of 3 years each were imposed on Linwood Thomas, Edward Maxwell and Herman Scott, all col- ored. They were charged with steal- ing a quantity of clothing belonging to Fred K. Herrmann, December 7. Others Sent to Prison. Four colored men were sent to the penitentiary for housebreaking when 288 pints of liquor were stolen June 26 last. Roland Fields and Gloyd Holmes each received a sentence of five years to run concurrently with a WITNESSES STRESS FORD’S 1913 POWER | IN BIG TAX HEARING‘ (Continued from valuations as determined by earnings and dividends, sales and unfilled or- ders, constituted the bulk of testimony offered by Clay, who was on the wit- ness stand four hours. It suggested | a blase anti-climax to previous reve fations of Ford’s indifference, on three | :asions, to offers of a billion dollars | plant always re head of it e cogent philosophical | cal reasons, he added, | to brain power a deciy ance when estimating the ngibles compared to “tangibles” on balance sheets. The witness placed a_valuation of $10,200 a share, as of March 1, 1913 on Ford stock, as against the Go ment’s revised appraisal of $3,600. Meet Any Contingency. “Ford’s financial strength, in 1913 was such that the company could meet any contingency, and far ex- celled any performance recorded in the history of finance or industry, he told the members of the board. who is in charge of the ics department of Moody's In-| " Service, covered a wide range ng the growth of the Ford Motor Co. in relation to the value of and ps for accordin sive impor value of “ini . y said that the growth in; the volume of sales and unfiiled or- ders “suggested that the stock already ad a high value in 1913, as it was evident that the company would duplicate the performance of other youthful American industrial enter- prises.” The latter, he added, sup- plied reliable precedents showing how rapidly the public took up with new ideas or commodities in the past 50 years. Davis Conducts Quiz. Cross-examination of Mr. Clay was postponed until Monday, as counsel for the Government Pequested addi- tional time to study the numerous charts and statistical records he in- troduced. ' John W. Davis, Democratic presi- dential nominee in 1924, who is one of the attorneys for the appellants, ) sentence recently imposes shington got two years and Wade H. Chestnut will serve 18 months. John Johnson, colored, will serve two vears in the penitentiary for housebreaking and a like term was imposed on Santiago Infante Diyes for false pretenses and forgery. Carl F. Carson was given a term of 18 months in the penitentiary for stealing an automobile, Terms of one year each at Occoquan were imposed on Robert R. Parker, larceny; Alexander Brown, assault; George Shaw, larceny; Theodore K. Rodgers, joy-riding; Luvercia French, colored, larceny: George Holt, non-sup- port; Harold Harris, housebreaking; Harry Stewart, grand larceny; Joseph similar George Wa VAN SWERNGEN i conducted Tech Alumni Ass at 9 o’clock tonight in I n- | Tech friendships, but of bringing concerted action Johnson, housebreaking. FAME. {Wealthy Bachelors Hide Light of Fame Under Bushel of By « { When men beg | lines | wo bre [ IR | sta - the examination of wit whom £10.000 shave of 15 of Mich Government is suir v wdditional es on his minority stock sold Ford in 1919, was . spectator. It is expected that h will take the witness stand some time next week. SOCIAL MEETINGS NEED OF INTERHIGH ALUMNI Series of S(‘;)ZE;\‘I']&OS Likely to Follow Tech Reunion and Dance Tonight. the Formation of plans for Interhigh school alumni ings may result from union and da , to be held iglon ball- , Eighteenth street and Columbia Granville Gude, president of the alumni_organization, has pro- such a joint reunion program as not only of rekindling old roor road. me: to bear on educational prob- lems. Alumni of all local high schools have been invited to attend tonight's get- together, Funds derived from the dance will go toward carrying out the broader program of activity planned by the Tech association, it is pointed out. The dance is open to all alumni, stu- dents and friends of the various high hools, Mr. Gude emphasized. ASSIST NATURE —in keeping the system free from impurities. Drink EVER- FRESH. It regulates natural health habits. It pays to specify— VERFRESH| SpReces, i‘W‘O?W“VOfGO"QOM Y Are The Dead Alive? SUBJECT OF THE FRIDAY EVENING LECTURE of the Very Rev. Francis P. Lyons € 5Py in St. Paul’s Catholic Church 15th and V Sts. NW. Time 8 P.M. STATE YOUR OWN RELIGIOUS DIF- CULTIES THROUGH THE QUESTION BOX OB BY MAIL 900000000000 000000000: 000000000000 0000000 0000000000000 000000000 Sovee 3 Jrom, the Correctly st plain B PN o NMINTHG . AVENUE o NINTH- “Prep” Suits —with two pairs of trousers $25 i yled io Single and double breasted models— mixtures— browns, grays, tans and blues. shades and Sizes 31 to 36. or, Men's Clothing The Avenue at Ninth g trousers suits for the young man of preparatory school age. 931 N. Y. Ave. N.W. Washington—Main 10483 KNOWN STORE ‘SECRECY SHROUDS eTrade Mark. Registered. for the Nickel Plate Railwas | has never been able to throw into re- | lief any of the personal things about them. Wall of Aloofness. The public has hammered in at the wall of aloofness and reserve which “the Vihs." as Cleveland calls them, have built about themselves. They direct their vast undertakings in a cloister of elusiveness and tacti turnity. | Cleveland classifies them as million aires, but no one can be found who will give a near-true estimate of their ! | wealth Several characteristics distinguish “the Vans" i As far as anybody knows, neither ever made a public speech. H They never consent to viewed. When they act business “on | of American newspapers: the|the road,’ each travels in a private! rid usually knows a lot about them | car with a corps of secretaries and | hort order—-what they like for | stenographers. akfast and how they comb their r. and such thir Both Are Single. ut the by They belong t# few of the leading ion whict clubs and take little part in Cleveland | social life. | Both are single and in their latal} VAN SWERINGENS Taciturnity. - the Associated Press 'LEVELAND, Ohio, February 4.— to usurp the head-| be inter-| | nt beam of natiol entered on O weringen when rtled the ial world with plans e A SALE 276 PAIRS MEN'S HOSE 49¢ pair Six Pairs for $2.75 Including fine lisles and wool half hose, in effective patterns— checks, plaids, geomet- ric designs and other wanted combi- nations. All sizes. | Shak | wealth, two in iburb, their , and they live with t sters in Cles keys MISS LOUISE HIXON DIES. Artist Who Began Study at 50 Suc- cumbs at 97. ND, Me, February 4 () Hixon, attracted taking up the study of 50, died here yes- She subsequently fine paintings in the Portland + was a native resided ir land ne ht the which was the could rap Railroad so they Louise who town terminal for to their property ntion by | had dor Muse nume ich har All the steel v cons Ho; by is from America B} Kaufman 1005 Pa. Ave. 1724 Pa. Ave. NC. Homc uf the AAQ-pants" Sust CHARGE ACCOUNTS INVITED S ONECRNT . Garter Sale 5.000 Pairs Wlde Web Garters 4OC Pair 2 Pairs for 41c Step lively—they'll go like hot cakes!! Final Reductions —bring out the “crowds.” The Avenue at Ninth BOY ON TME SECOND PLOOR OF THE P-B STORE A Special Group of $18 to $25 Two-Knicker Suits Many boys—and their moth- ers, too— tell us that, at regu- lar prices, these suits are just about the finest values they’ve ever bought. Now you can buy them and save from $4.25 to $11.25 on the transaction. Another special group of $12.50 to $15 Suits —with two pairs of knickers— $ 10.75 Odd lots—broken sizes—for Immediate Clearance—today! Beaver and Velour Hats, 95c. Juvenile Overcoats, $5.75. inglish Middies, $4.25. Serge Knickers, in sizes, $1.45. White Stockings, 19¢ pair ‘Wool Goli Hose, 69¢ pair. Cloth Hats, 25c. Woolen Scarfs, half price. stout Only limited quantities—carly buying is urged. ; )7 Oxfords Official Boy Scout Shoes—$5 and $5.75 A complete size range of these popular Scout Shoes. Rugged, extremely well made, with rubber heels. Recommended by Scout officials everywhere. Official Headquarters for Boy Scout Equipment A Barber Bill Shop Where Kiddies Enjoy a Haircut For Boys Sturdy Shoes for school wear. Boys know these famous Teck Shoes for their fine quality, style and fair price. The Avenue at Ninth * NATIONALLY KNOWN STORE® Better “step out” and “step in.” Pick while the pickin’ is good. " - Radio 0T Final Reductions All Overcoats $ 3 2 i OVERCOATS $ 4 1 Wiy Final Reductions <Hundreds of Fine Suits $28.75 $37.75 Money's Worth or Money Back Final Reduction All $45 & $50 OVERCOATS Final Reduction All $55 to $65 OVERCOATS Final Reduction $45 SUITS Extra pants, $5 Final Reduction $55 SUITS Extra Pants $6 1724 1005 D.J.Kaufman Pa. Ave. INGL Pa. Ave.