Evening Star Newspaper, February 18, 1927, Page 13

Y YVENING STAR, WASHI NGTON, D. €., FRIDAY, FEBRUARY 18, 1927. 13 oS et e e e e Yt Y Y e Y e ——————— EGGS DROP AGAIN IN CENTER MARKET Storage Product Selling tor‘ as Low as 21 Cents Whole- sale Today es took a drop all over the The here | e being offer- whiie prices in 26 and ¥z pric country ye dropped to ed other 27 cents, and reports on the line this morning had it t} vere bought low as 25 in Baltimore ¥ cents Packers this morning offered g age eggs as low as 21 tents, adcord- | ing to local merchants, but no orders were placed by those in business here. is it possible that some (orage stock is finding an | with the supplies of fresh eggs. butter market continues \N’_\' aceording 1o this morning's re- porte, with no indication of an early break. Meat, fruit and poultry’ prices \lis morning were substantially the | same & yvesterday's prices. ‘ Wholesale Prices. | 1-pound print, 54; store ])al‘ke(l 30. ! esh, selected. hennery. receipts, (I\\!‘ T\l white | price as low as 27 cents, cities were reported at Dealers of the outlet The firm Toda; Butte 66 nt Keats, 28a30; ! apons, fancy. 0a3l; wls, young, GDa 0: old, ; ducks, chickens. Meats lambs, veal 268 28; mul 35; fresh s m\ml hams, t 20 ive stock—talves, chi dium, 113 thin, 7a8; lambs, Fruit and Vegetable Review. Today's market report on fruits| and vegetables, compiled by the| Market N Service Bureau of | Apples—Supplies demand moderate, market steady rels, . 1, Staymans, nches 1, Yorks, 2% hes' up, 3.00; few No. 1, York medium to large si 4.00; 00; Washington, extra fancy Delicious, tra faney inesaps, fancy go—Supplies moderate; de- mand moderate, market steady: new stock, Florida, 13¢-bushel hampers, round and pointed types, 1.50a1.75; few higher; Texas harrel crate ap- proximately 100 pounds net round type, 2.5083.00; old stock, New York, sacked per h\mdred\\'eipm Danish type, 1.40a Celery—§ moderate, inch crates, crates, 5 Lettuce—supplies moderate, market California, crates, lecbers dozen. mostly, dozen, OniontSupplies. moderate: demand | moderate, imarket fairly steady; Ohio, 100-pound sacks, yellow N 1, medium to large size, 2. Potato Market Steady. Potatoe: Supplies moderate: mand moderate, rket steady; M 150-pound S. No. 1, Maine, 120-pound Mountains, U. 150-pound sacks r condition, 3 Spin pplies demand moder market Texas, bushel baskets, Savoy type, 1.00a1.10} South Caroli cloth-top * barrels; Savoy type, 1.75: few, 2.00. - Swest potatoes—Supplies moderate: demand light, market dull; North Cavolina, cloth top stave barrels, yel- to ordinary quality and con- 0; East 'Shore Maryland, ipplies moderate: demand narket firm: Florida, . 10- 2.25a2.50; California, | dem weakd pe, liberal; slightly 4 gan, sacks, 0. and condition Strawberri light, mar < light; demand Florida, _pony refrizerator missionary. 50a55 - per |’ quart; some paor, condition low. as | 2 few best, 60 per quart. Stringe beans—Supplies mand moderate; market Florida 74-bushel hampers, 6.502 Tom: ‘"pk, Supplies moderate, market steady; ripes and turning, wrapped, count, 5.50; choice count, 4.50. EARNSHAW CO. PLANT MOVING TO BALTIMORE Controlling Interest in Refrigerat- or Firm Bought by Monumental City Concern, It Is Announced. Special Dispatch to The Star. ! BALTIMORE, February 18.—The Poole Engineering and Machine Co. has acquired a controlling interest in the Earnshaw Manufacturing Corpo- ration, and the plant, now located at Camden, N. J., is now belng moved to Baltimore. The Earnshaw Manufacturing Cor: | poration makes a household electrical refrigerator. The product will be dis- tributed in the Baltimore territory through the Poole Co., and in other 7 through public service cor- ncies. 5. Proctor Brady, president of the Poole Co., has been elected president of the Barnshaw Corporation, succeed- ing Arthur R. Earnshaw, who be- comes vice president. Dudley Shoe- maker and Richard W. Alexander, also of Baltimore, also are directors of the corporation. Van Horn Ely, well known Philadelphia and York Lanker, is a large stockholder and di- rector of the Earnshaw Corporation. CASE THRESHIN G DIVIDEND. NEW YORK, February 18 (R).—A dividend of $1.50'a share has been de- clared on the common stock of the J. I. Case Threshing Machine Co., the first distribution on the common in 3 1t is payable April 1 to holders of record March 14. The regu | lar preferred dividend of 1% per cent declared. Net income for to §3,517,429 from $2,293,673 light: de- steady; green, light; demand Florida. 6, fancy in 1925. ELECTRIC SfifiWCE EXPANDS. CLEVELAND, February 18 (Spe- cial).—Ohlo in the other States in electric service. jce extended to homes in the last tom now total St uf e. WOOL INQUIRY LIGHTER. BOSTON, February 18 (Special).-— Duliness in the goods trade and in the uncertain outlook are finding some reflection in the wool market. In- aulries for wool are lighter and sales are spotty. Woolen wools have had a fair demand at unchanged prices. Fine territory is quoted at 1.10a1.12; Frencn combiniz at 1.05; half-blood at 1.00a 1.02; three-eighths blood at 90a92 and 4o, [ terest r {but | time, | to pay | by MEN AND MONEY By M. S. Rukeyser. (Copyright, 1927.) The layman ascribes a godlike wis- dom to big financiers, but as a matter {of fact the best of them is not in | fallible ()né’ of the ablest judges of business ks in the country told me the other 1bl! t he took a $200,000 loss on a ‘I\rono ion which he had entered .with I'high hopes a vear ago. William C. Durant, whoe is one of the most conspicuous bull operators In the present speculative cycle in Wall street, found it necessary to re: linquish his holdings in Genera Mo. tors to bankers in 1920 when the mar ket went against him, having once| previously lo: control of the com pany, of which he is now a rank out side: Je: Livermore, speculative wizard of the current period, went into ban ruptcy before the war. (Incidentaily, ha later paid off his creditors 100 cents on the doliar, although he was not legaliy obligated to do so.) Heads of great corporations must stake a great deal on their own judg: ment, and occaslonally they err. Suc- cess ‘means on high ‘average of atters. |eat rates with me, sid that he was watching for the propitious moment to buy money. He propounded this question: *Would it be better to refund bond issues ma- | turing between 1930 and 1932 this year or-to walit until they actually fall due?” he question was merely another | way of asking whether the fall in in tes had touched bottom In recent years there has been a pronounced decline in the wages of capital ‘The future of interest great concern, not ‘only also to horrowers. How far the decline will go is a matter of opinion. but there is no sign that the movement has thus far | completely run its course. The raiiroad executive fore afford to wait and | market. rates is of to investors, there- watch the Must Bide His Time. Later he can continue to hide his or can hedge by taking advan | tage of favorable prevailing condi- tions to raise part of the capital which will be needed for refunding purposes. If he could induce the public to buy stock it would be good business off some of the outstanding bonds with funds raised by the sale of stock. As a whole, the railroads need rela- tively more partners—stockholders— and fewer creditors—hondholders The time to sell new stock is when outstanding shares are in public favor, as measured by a substantial premium at_the market place. In deciding the financial policy a corporation an executive looks the market from the rever from which the investor observes. Yet buyer and seller ali ing in_business risks, and their action depends on their opinion concerning the future. A brake prices in recent from floor brokers Their market p their outward on ‘speculative security sessions has come tion was revealed pression of emo- When stocks rose, they were When they reacted, the brok- ers became vocally enthusiastic Floor traders, however, are mer- curial in their switches. They are in and out of more lines of enterprise in a single day than th | vests in in a life-time. Bankers in Overalls. Bankers in overalls . continue to grow’ to bigger stature. Thirty-four continuing labor banks in 1926 showed an increase in total resources of $15,218.911; in deposits of '$13,487,107, and in capital, surpius and undivided profits of $471,985. According to a survey by the in- dustrial relations section of Prince- ton University, there were 36 banks in existence at the close of the year. Two bad been added, and two eliminated during the year. The combined re- sources of the 36 banks reached $126,792,436, a gain of nearly $7,- 000,000 over the figures for 1925. The growth is striking, in view of the newness of the movement. The first labor bank in the United States whas established hardly more than six years ago. The resourcgs of the labor banks are symptomatic of the economic { power of organized labor. Many work- ing men still use non-labor commer- cial and savings banks and invest in ordinary capitalistic railroad, public utility and industrial corporations. On the other hand, not all the deposits of labor banks belong to employes, for numerous employers of labor keep de- posits in the co-operative banks. In actual dollars the combined re- sources of the labor banks represent scarcely 10 per cent of the strength of the leading national bank in New York. The main social gignificance of the labor ‘bank movement lies in the fact that it gives organized labor a new grasp of the meaning of capitalism and of the problems of management. The old-fashioned banks have recog- nized this aspect of the development and have for the most part had the good sense to be willing to co-operate ‘with labor banks. THE BUSINESS OF GETTIN AHEAD. How Physicians Should Invest. Security charlatans act on the hy- pothesis that experts in physiology and medicine are mere innocent babes in the realm of investment finance, Accordingly, physicians and dentis as a class, have become the special prey of illegitimate stock promoters. Like “medicine; investment finance constitutes a specialized study. The physiclan or dentist who invests his surplus funds without competent ad- vice is perhaps only a degree less un- wise than the layman who removes his own appendix or extracts his own ulcerated tooth. The professional man faces a differ- ent investment problem from that of the business man. Unlike the busi- ness man, who can turn the fruits ot his prosperity back into his own enter- prise for investment purposes, the phy- siclan or dentist must nececsarily seek outside flelds for Investment. After the Iy vears of his practice only a lim- a’ portion of his surplus earnings can profitably be placed In office equip- ment, surgical instruments and books. Must Invest Funds. After providing for his family ex- penditures and for his office overhead, including salaries for nurses and cler: ical help, the medical man of large income necessarily must take a part in financing the. activities of govern- ments and in providing capital for great railroad, public utility and in- dustrial corporations. The medical man will do this job of investing astutely if he carries into this new " | field his scientific training and spirit of analysis. On the other hand, he will err, as so many physicians and dentists’ do, if he places his surplus funds in securities carelessly recom- mended by a patlent who brings so. called inside information ln(o the doc- tor’s office Irresy ence, neither the physician nor dentist can properly participate in the excite- ment and hazards of margin specula- tion. It is destructive of confldence and professional dignity for a medical man to leave his patient in the midst of an examination to answer the tele- quarter-blood at 80as2, clean basis. “leece wools of Ohlo quality .are quoted at 46 for delaine, with stocks in dealers’ hands light; half-blood held at 46; three-eighths-blood at 4ba4bl; and quarter-blood et 4dadd phone call from a broker shouting for more. margin or reporting a profit or disclosing & new tip on the market. Accordingly, the medical man should concentratea on securl of high grade which do net requiréiconstant access to the atock ticker during every busi- ness day. In another way the professional man's financial problem differs from that of the business man. The doc- tor's earning power is personal and #tops when death or disease over takes him. Unlike the business man, who has created an institution which 1 can outlive him, the physician or den- tist has developed no indepéndent cn tity which can_continue to vield re | turns after the founder has retired The physician and the dentist must therefore provide for their old age, | their physical incapacity and fo their surviving dependents through adequate life, non-cancelable health and accident insurance and sound in vestments. Part of a sound economic program for physician: nd d ists involves | the introduction of system and busi- | { ness methods in their offices. Al but NEW | the more enterprising and progressive | o | physicians are careless in the matter [ of their business records and are de linquent in getting out bills for serv i rendered. Moreover, unfor the general public is inclined bills for profession: wait, looking upon them as - gent than invoices for merchandise. | The professional man suffers from de Jays in receiving his compe because a dollar recetved worth 3 cents more than a dollar re- | ceived six months from now. Any thing the professional man can do, therefore, to bring in his accounts: ceivable more promptly contributes his financial pro to B Y in are ous pr has This stion to let bi of them-—a for be stricts, he A. Brook! | parkin Many that than n in tra hel 18[©mt Vihicfio Mounfing See this Cluster Ring. Platinum-Top Mounting. FRAN Take no chance with a cold Beware of that slight cold in the head, or clogged-up mostrils. They may be the start of more serious trouble. Take no chance! Begin the use of Nozol today. Bince 99% of colds originate in the nose the greatest weapon of defense is Nozol, the new discovery that kills cold germs that lodge in the nose. being wide- and recom- Get a bottle It is absolutely harmless, iy used in hospitals mended by physiclans. today. ITH people suf- fering from colds and grippe, the Peoples Drug Stores are leading a fight against these afflictions and are acquainting people with the re- markable new discovery known as NOZOL. everywhere This preparation is being used in various parts of the country to break up head colds overnight and to pre- vent colds at their source, which in most cases is the nose. AUTO GONGESTION COSTING BILLION Merchants in Blg Cmes Di- vided, However, on Means Special Dispate example—strongly Others, parking ine diamonds, set in a magnificent 18-kt. Solid W hite Gold Washington’s Cold-Prevention Week Wins Enthusiastic Co-Operation Thousands Availing Themselves of Service Given By Peoples Stores—NOZOL Proves Successful Prevention Against Colds and Grippe vigorously denied certain mer- | chants. Revolution in Business. Clarence O. Sherrill, city manager of Cincinnatl, declares that the motor car has produced a real revolution fn methods of living and doing busl- ne by allest village must iven the s p,” Mr. Sherrill said have its traffic ¢ today. ‘“The larger the city higher the cost of congested str and the problem cannot be considere as solved by making so many restric- tions as to force pedestrians or es- sential vehicles to stay out of the business area “The really vital thing is to get the mass of workers and shoppers to the stores and offices and factorles in the shortest possible time. This indi ates the necessity of giving prece- to vehicles in the order of their city to move the largest number | \gers. | order street cars, motor and private motor cars. | “The r space required for | each person transported by a private| potor car is 6 to 12 times as much s is required to carry that person by street car. In congested districts where parking of motor cars is al-| lowed avalaible street space is reduced by two full traffic lanes. Cure the IIl. Y J. C. ROY h to The St 18.-—Mer of the|! tre- JRK, February nearly every squabbling over the o busses, tax which traffic con- their door- congestion is costing them | llion dollars a year. Some Philadelphia, advocate that permitted in the business like F. Fox of Namm & Sons' store of ) corbid Stopping. favor ohibition of allj e HOFo pine the bu. distriets. | “Prohibition of parking would nsportation experts assert | lease two full lanes of traffic is street. [t may even be neces: ing periods of greatest traffic density | dropped on number in » J '»;" "A“ » A 4% AW ' Platinum-Top Mounting You’ll marvel at the 7 large, genu- 50c a Week Pays for It. JEWELRY CO. 627 7th St N.W. A few drops of NOZOL in cach nos- tril clears them, kills the cold germs, makes breathing through the nostrils free and easy, and enables nature to throw off the attack. When just a few cents will work such wonders it behooves every one to co- operate with the local drive and do their part in breaking up this epi- demic. NOZOL is guaranteed to produce results, or your money will be refunded. Trial Size, 35c—Economical Size, $1.00 i GET A BOTTLE TODAY AT ALL PEOPLES DRUG STORES And Other Lyading Druggists 1 This would make the to forbid stopping as well as parking."” Mr. Fox, in discussing a check up to determine the benefit derived from automobiles parked around the Namm store, sald that from 118 parked cars to 80 customérs came into the whilethe éars impeeded the appro: of thousands who came by subway, surface and elevated cars and on foot. | Only about 1 per cent came in auto- | well ¢* mobiles, he stated. “We do pot desire that condition, he continued, “and we are going to do our part to eliminate it hecause this congestion we have create is now undoubtedly seriously interfering with our business.” Special Disppach to BALTIMORE Byers, as “neither | port | whic h made hostlers of the ble to the raflwa SEMINOLE OUTPU T UP. NEW YORK. February 18 (#).— Crude ofl production In the entire Semi nole area of Oklahoma. in the 24 hou ended 7 day was 3024 the day befor bla leaves cal experience. The report On Tuesday, Feb. 22 Washington’s Birthday Our Stores Will Close at 1 P.M. HITS MINISTERS’ REPORT. Western Maryland Head Attacks Clergymen’'s Survey of Strike. president of the West ryland Raflroad, logical nor just” of three religlous organizations a prolonged survey helped 10| pe gtrike of engineers, firemen and | and recently issued a report unfavora. “The conclusions were the inevita- result which pulpits and attempts. without practi to solve con strial problems,” Byers said wa COLLEGE PARK Maryland Opens Tomorrow mortem and necessarily inecomplete in- vestigation by three ministers, who admitted they had approached tho subject with leanings toward the cause of union labor.” GENERAL MOTORS SALES UP. NEW YORK, February 18 (#).—Re {tall sales of General Motors Corpora « hlll'm terized [ tion for January totaled 81,010 cars, the re-)against January last year, an Increase 0.9 per cent. 'The general trend of sales has not ma- terlally altered, sald Alfred P. Sloan, ir.. president, the increase being ac- counted for by the improved position of one of the corporation's typs of cars and retall sales of another, mot & factor a vear ago, having just come into production. The Star February 18.--Max- of Western Maryland v company. follow when the its parishes and ita seeds of lunIhlno. plicated Scatter the made on a post Next Week We will open an- ether new store at the corner of 14th and N Sts. N.W. No delivery, no credit, but a wonderful value-giving sale until Saturday’s closing Holding fast to the business policy that has enabled us to offer you, continuously, real grocery values every day in the year. Read the Norfolk Kale. ........Lb, 5¢ Fresh Tomatoes, Ib., 20c New Crop Cabbage. . . .Lb., 5¢ Iceberg Lettuce. . . . Head, 10c ‘Florida Celery. . . . Bunch, 10c Fancy ways g stores. Potatoes %, 10 ™ 3lc Sweet PotateesA ...4 Lbs., 18¢c Cranberries oo . LBy Thae Grapefruit .. .......3for 25¢c Oranges . . . . .Doz., 25¢ to 55¢ LARD (2 2 > Zic _____.______— Blue Ridge Corn. .. .Can, 10c Peter Pan Corn.........15¢c “Paris” Sugar Corn. .3 for 50c Golden Bantam Corn, ®™ 17%2¢ Shoe Peg Cern. . . .. .Can, 15¢ FRESH EGGS Canned Tomatoes, No. 3..15¢ Silver Label Peas; can. ... .10c Peter Pan Peas.. . ........20c Jockey Club Peas ... .....22c A-1 Peas (very small) . .. .25¢ Royal Fruit Flavored Gelatine The dessert for all dinners. Try Royal and taste the flavor from real fruit—Straw- berry, Raspberry, Cherry. Per pkg., 10c Van Camp’s SOUPS 3 = 20c .Pure and Wholesome National Biscuit Co. CAKES for’the children 3 Lbs. for 50c Single’,Pound, 17¢ Tins for smoked hams, same kind you al- se over carefully. Per Lb.zsc Specials Until Tomorrow’s Closing Ford’s 2 5(: Preserves, jar ........ Meadow Lark 2 for 25(: e 4 Rolls 25C Toilet Tissue 3 Phes. 25¢ 24 2lc Packaged Evap. ia Sweet Pancake Prunes e Virginia Gold Medal Buckwheat 3 Pkgs. for 29¢- 35¢ Our Famous GREEN BAG COFFEE Have you tried it lately? It's the mild, sweet coffec most folks prefer. Per Lb. Bag 35¢ Butter i 60c Star Soap Until tomorrow’s closing 10 < 39c Need We Say More? quality the et at our . ee aie Our Sanitary brand in carton. .. .Doz., Land 0’ l.lkel,