Evening Star Newspaper, March 1, 1927, Page 13

PRICES GO HIGHER INCOTTON MARKET Renewed Firmness at Liver- pool and Good Spot Demand 'in South Factors. Py the Associated Prese NEW YORK, March 1 market opened steady tod vance of 7 to 10 points in 1o the renewed firmness of Liverpool and overnight reports of a good spot demand in the South. The advance to 14.40 for M 14.72 for October met con vealizing, while there also w Southern hedge seiling, which w sorbed on setbacks of a few points. The market was firm at the end of the first hour, active months about 11 to 14 points net higher. T were buyers here presum; to fix prices, while there appear: be a further broadening of Wall and comm demand. Private trade calling and Bombay buying had absorbed hedge selling and liquidation in the Liverpool market The market later showed continued flrmness, were in comparatively and caused only slight setbacks, and the market responded readily to buy- ing orders. The latter were suppored to represent further price fixing by the trade and covering, while there was also a moderate demand from Wall Street and’ commission houses on the advance. May sold up to 14.47 and Octoher to 14.77 around midday, when the general list showed net ad- vances of about 14 to 20 points ~The cotton an ad mall volume Hedging and realizing sales | Following is a list of stocks traded in on the Curb Market today. | | salen ‘DU 1 in hundreds. ANDUSTRIAL bonads and New York Arch Co BB EIF vic Por & i on Pl Rofiing M. o e A Siberpol 4 2 Am_superpow B 4 AWP yvtepf wi LApco Mg Co A T Aso Gas & Ei 1 Babcock & Wil 2 Bamherzer of Wi 6 Bancitaly Corp. 1 Ban Cor rts wi. BVa "G&E s’ ¢ Bohn Alum s Bl Corp A KB Corm B Brit-Am Tob Cou Can Ind Al 21, Celluloid 1 Celluloid 1, Celotex Co. . . 360 Cen Aguirre Sug Cont Toa n A Wi ICent L n nfd wi et Bip Cor ‘ohn-Hall \'I‘ n pfd wi Laund ‘ourtlaulds Ltd Curtige Aero M i Doehler Die C (. 23 Dommnion St Ltd Dunhill Intl 1 Durant Mot. Bond&Sh pid £l B&Sh n_Corp 1 Invest Inc.. i 1 P&L optl war 1 P&L 2nd « WHEAT SCORES GAINS, CORN ALSO IS STRONG Bullish Showing Made Today by Unofficial Reports on U. S. Farm Reserves. Br tha Associated Press. CHICAGO, March 1.—With an un- expected bullish showing made today by unofficial reports on domestic farm reserves, wheat and corn scored a sharp early advance. On the upturns, however, profit-taking sales became heav: Opening unchanged to 3%c higher, wheat soon rose all around. Corn started unchanged to %¢ up, and displayed even greater strength than wheat. Oats and provisions held about steady. According to one leading crop expert, present farm stocks of wheat in the Tnited States are only 119,000,000 bushels, against an 8year average of 144,000,000 bushels. Corn reserves are down to 1,050,000,000 bushels, com- paged with 1,319,000,000 bushels last year, and the farm stock of oats is reduced to 409,000,000 bushels, against 00,000 bushels in 1926. Empha- & the scantiness of reserves, is the fact that they include grains still unguarded in the fields, regardless of quality. Unusual relative strength shown by the corn market today was ascribed largely to a showing that the apparent disappearance of corn in the four months since ~ November 1 is 120,000,000 bushels more than was the case a year ago. This indicates that farm-use has been about 34,000,000 bushels a month -greater than last Year, and points to a farm-feeding value deficiency of 250,000,000 bush- els in addition to actual bushel short- age on the crop. A. C. L. REVENUES DROP. January Net Is $7,403,321 Against f $9,014,506 in 1925. WILMINGTON, N. C., March 1 ®P).—A sharp decline in railway op- erating revenues and net railway op- erating income of the Atlantic Coast Line Railroad Co, for the month of January, 1927, as compared with the same month ip 1926, was revealed in a statement issued at the general offices of the company here today. The business of the system for the month of January, 1927, was virtu- ally on a parity with the same month in 1925, the statement revealed. Railwz operating revenues for January, 19 7,403,321, as com- pared with $9,014,506 in Januas 1926, and $7.472,902 in January, 1925. Net rail operating income for January, 1927, was $1.298,719, as com- pared with $2,178,637 in January, 1926, and $1.584,503 in January, 1923 - COTTON GOODS QUIET. NEW YORK, March 1 (Special).— Cotton goods markets continued quiet today at unchanged price levels. Print were quoted at 7 cents for 64x60's and at 7% cents for 68x72s. l!“.aw silks were steady in a quiet mar- et. PARIS, March 1 (#).—Prices were firm on the Bourse today. Three per cent rentes, 52 francs 30 centimes; exchange on London, 123 francs 99 centimes; five per cent loan, 65 francs 85 centim The dollar was quoted at 25 francs 55% centimes. AMERICAN LOCOMOTIVE. NEW YORK, March 1 (#).—Ameri- can Locomotive Co. reports net profit of $8,015,939 for 1926, including earn- ings of Railway Steel Spring from May 14, the date of acquisition. This i% equal after preferred dividends to $7.44 a share on the common stock, in contrast to net loss of $843,321 in 1925. The company showed a surplus of $118,730 at the cloke of the year compared with a deficit of $6,593,321 RADIOr(JORP. PROFITS UP. NEW YORK, March 1 (P).—Net in- come of the Rudio Corporation of America for 1926 was $4,632,009 after reserves and other charges, equal to $2.82 a share on the common stock, gainst $2,852,993 in 1925, or $1.27 a share. Gross income was $60,437,461 against $50,405,144 the year before. BA’Nk ci.x-:uinms DROP. BALTIMORE, March 1 (Special).— Lacal bank clearings for the month ended yesterday totaled $404,634.- 219.88, against $422,897,184.34 for the corresponding month a year ago. Clearings for January were $489,710,- 046.22, against $495,521,978.04 for the corresponding month a year ago. POTATO MARKET FIRM. CHICAGO, March 1 (®).—Potatoes— Receipts, 94 cars; on track, 279; total . shipments, 641; demand mod- erate on russets, market firm; sup- plies on round whites liberal, demand very slow, market slightly weaker; Wisconsin sacked round whites. 1.75a 1.90; mostly 1.85: Idaho sacked rus- sets, 2.80a3.00; mostly around 2.90. = . of electrically refrig- erated dining capable of trans- continental trips without icing, is an- nounced by, Frigidaire Corporation, subsidiary of General Motors, follow- ing exhaustive tests on the Chicago, Milwaukee & St.”Paul, Development Purch B Tnapec ot (o dation Fo KH H MC pfd man _ Chas Fulton _Sylphon . Garod Corp 2 ar 1% Gen Fi L] Olllrflulrgnr'flt. . 1 Glon Kiden o e Alden e morlbogm 160 G year T & R. 2 HIDIV iness C St A 1 Trdportat Tah s rial Tor, 1 Tid Rayon Cor A" it coner g ntl Sihver. . IntT & T wi 3 Intern il Ll 1 n:.'....?}:'nz' o Teet & Co. 1 L I a8 LRI JICA stin 51eh Val C ofs. 57 Looae W & B 5 Mare Wirs Lo 1, MeCall Corp 1 22 2008 W W ot 1 ot Mohawk Hud 30 i 1 e g e Fhaor i i 1 Suel o ets 13z’ Lo SO SEEEaT.83EATnETe egio s SRR SEREESREI2LE F RS O RARPIE BEREE Nelton H N Eng N orl ‘ % C‘:i SUERINER B R PPEPRE RIPER SRR SSER iotois oz SN I3 B RS DR BT ID R 1 Pac Gi 3 Pender- D aroc B nn’ Ohio Sec. . nn Wat Pow C ilip Morris .. ilip Morris A lsb FI M Inc. iney Boews PM. tab & Lake E. 1 nd Kar Bur n and Kar Bur w A al Bklvn. 2: ‘mington Arma m Rand Ine wi R Inc 1 pf wi e0 Mof 7 ch R ich Rad p1d . ickenhack My me Wire .A. ome Wire bfd. . way Stores. | Bros. ... St 12130 L9 1008 2 REeieiniei et 2 [ro, 13 1 FT7 3 3 E2a5 il g 2 e, & LB ® Fpa 5 33 £ 55334583532 e FEE I (R 7 o SHaNS82 4355329550 32, P BHDIR, 23R oA 12 3 Banm 53, Fr B FHE o Db Ly .=.. JomemamsiiSals 8 2iB3ats | £ 3 o S 2 oo B 20PZ 00D 2L02LETLL2E EERELH T = B P IR E et = 2 2 Biooon amnsmamia ERSIE Bl SEESEE BEPEEL P D00 SRR S0 S8 B okk s Do 1a0BN. ERetE S rPR et T e PR R =R ‘R~ 293, om momamsl wo 1oma = 5 £t .a S aEus s4sebealins | - T i EE - R ) iS55 —_% 8>00 R s A 2 A DD el ] ERES S Brems o 333330797 25 Ennp 2R o ® Ut z°5=",-s?! p1§5’ geist 2, £4° Ty st A 25350353 FEEFES H hite g B Bales in hundreds. 11 Am Explora .. . 1 Calaveras Cop. . - 5 Cons Con Mines 20 Cortez Silver . 40 Divide Extens. .. .0« 7Eng GId M Ltd T " 4 3 Golden Center M 10 Golden State_ MI; Z ING @ ] SumaSailo3naIwwIsu=3a0 § Nimad e 9 Noranda ....... 2 Shattuck Denn. . 10 Spearhead Gold 15 Teck Hughes 1 Tono Imon! 5 Tono Min ...... 2 Uni Verde Ext.. 2 Salesin INDEPENDENT OIL hundreds. e 13 _samod R R F 27% STOCKS. L3 [ =y X T o 000 Egune = = @aTouziom 13 s, WSS ITEEL TR Serv B_cfs. Serv B B pfd ‘olumbia_Synd. . reole oSS —sB3ima fi o o 7 Gill O vtc, 7 Gulf ‘0l of 1 Kirby Pet. 2 Leonard Ol .e 4 Xion 0. 5 12 Lone Star G'n Dél COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY EL CENTRO, Calif.,, March 1. About 7,000 acres of land in the Im- perfal Valley are estimated to be in preparation for planting to rice. This lur'resgda ‘would require 1,000,000 pounds of seed. PITTSBURGH.—Window glass busi- ness contiues very quiet, with orders few and far between, but plate-glass plants are running steadily. Factors in the glass trade do not anticipate any great activity in window glass until Spring. The American Window Glass Co. has announced discounts for car lot orders which amount to a price cut of 6 per cent. PORTLAND. — Great preparations are being made for salmon fishing operations this year in Northwestern waters owing to the sold-up state of the market. A few Spring chinook salmon are making their appearance in the Columbia. rhe market for soft coal is holding strong in this section, with shippers expecting that indus: trial interests will continue to stock up in anticipation of a possible coal strike. Large consumers are in market. * * CHICAGO. - THE EVENING NEW YORK CUEB MARKET Received by Private Wire Direct to The Star Office | Magdal = Synd | ex Ol Mex Panuco ount_eiod Mex Land 13 cr-Foster o Salt Clk Prod $ Tidal Osage O Tid Osage O N V de W Oil pfd. 4 Aranse O1 pid venezuelan Pet x O&G n. Ol n Salesin STANDARD OIL 1SSUES Sigeie shares W) Borne 1000 Conti 01 i 80 Cumberiand P L i Bou umoie il & il So0 LB L 156515 1600 1600 inier et ¢ W00 Nai Traneit iuv XY rranit S0 Northern I 1 0 & Gn 14 meer L 600 Uhio Uil 1100 Praine 100 Praimie P L. 30 Nojar Refin 200 South_Penn O O Kansas Ky 20 & . 500 Vacuum 01l Sales in BONDS thousands. A 7847 s, Coowio as & El e moEo & L 3 Am Rell Mill 6« eating 63 Pap Oy wi nda 6 4148 wi op bR 88 s D La2 s B 58 F as B 58 F n t Serv x4 ain Cor A% [ Cudahy o8 14 Cudahy 53,5 5 Det City G 6x A 10 10 Det. Ct T Of Bldg 6 ting Schild 65. Refrig 0. Sug 0% 30" 92 Gatinean Pow 68 001 Gen Motors 68 A. 100 iy 2 Gen Investor s. 10014 15 Ga & Fla 68 A wi 98 5 G T&RC Blas '31 06 Grd Trunk 6158 108% Gulf Oil P bs 47 100 2% Gulf St Ut 68 A" 85 8 Ind* Limestone s 08 16 Ind Oll & G 6348 1035 BOInd P & L bs A, 98 Lilnt Gr Nor 68 B 991 7 Inter' Paper 6s.. 087 i Jeddo Highl C 810 4 Kavser Blgs wi.. D7 8 Leh Pow 1004 100 o 26 108% 100 % 95 55 o ST e 1 3n & SSE2Z2BEREES o ngoc [oraidhey Seooes Sxasroors: — s Rk oy (o oS e roexase S SoSeroesSoe! eSS R SRS RESEE 2SR RRNRE3223 SeoS=Seeore: saSien b 1 Am ou Cal E ou Cal E by FSEEFS BEFCTESEST e o JE5SREREER=232E o S SEasgses e Seasess 2+ x thousands 1 Baden 7s .. 15 Batavia Pet 4 15 Bolivia 7s Bueuos A 7y '67 Bige 18 B a.fi s Janish Cons 54s nmark ree St Pr r Con 358 22s5Sesetntetsearas e of H o e P £ A D 1 S B 10 D G e B SN IO e £ 3 - o 3R o SSRGS R T WIS RRITRRTER 2 o w7 MM 7s_ww ccatini 7s. . video B8 A. Chile 8s.." 97 i Medellin 78 95, erland 6s B 100 7%8. . % oo RERERRE) SSE2 55 2= 2. uwg- 2382 2338 rR SRS S 25 o St S 10 o = = 05! comnD 00 wEEES $3532832252038 32 ! o a Fails 05 4 08 § 317 5 98 pd e o B! SScrSooESToNm 3 XS £ £ E 1 SBoN o tinnes tinnes H Swiss Govt 53, FRRESERSSER SR [ £8352 ue £57355323 < Fo | | PLAN TICKER SERVICE. NEW YORK, March 1 (#).—The ‘Western Union Telegraph Co. in a few days will begin construction work to provide stock ticker service on the New York Stock Exchange to New Or- leans, Atlanta, Birmingham, Meridian, Miss., and Memphis. E. A. Pierce & Co., stock exchange members, in effect have underwritten the venture for two vears, guaranteeing the telegraph company against loss. e DIVIDENDS. 3 Pay- avie. Corp, Borne-Scryms do . Cen Al Steel d G- 3 NE Pub Sve, do pr 1 pf Phillips Pet Southw'n P T sl Mar. naeWaero & Mar. So-Sweet and Clean Inside! No Offensive Vapors From the Pores Once a person realizes the wonder- ful properties in cascara, no other lax- ative in the market would ever be considered. It's no trick to ‘“clean out the bowels.” Dozens of things will do that. But a little natural cascara purifies the system clear through. Cleanses even the pores of your skin. Renders perspiration as_inoffensive as so much dew! The old-fashioned way was “salts.”” They get action, but they take the mucus membrane along with the waste matter! Mine- ral oils are gentler, but they leave the bowels with a film of poisons for the blood: to carry off through the pores. But when you cascarize the sys- tem you get rid of all the poisons by normal muscular action of the bowels. for constipation,, or even for sutointoxic otan Gt 6r a candy cascaret is & de Henita form in which 10 take ca ‘enil. temps’ most m?j""“‘fi‘“ dfen love them.'and the | §rown-tins to have “more. nd what comfort to know you are in dean, wholesome condition *that does away with an vlte%ol deodorant en in ‘warmest weather ! TY. & — 4 5k a4 | STAR. WASHINGTON, TRADING IS BRISK - INCENTER MARKET Change in Weather Condi- tions Is Factor in In- creased Buying. trading characterized the early morning chang weather conditions | having resulted in an increased de- | mana for all sorts of foodstuff Increased buying made a more ac- tive market, Dealers were well sup- plied with éverything in demand by retailers,. prices being substantially the same as those reported the past few da Dealer brisk during Fairly business | hours, in take in- the egg 23 cents still pre- ire continuing to terest in the condition of market, the low price of a dozen for current receipts vailing. Local dealers upon their some are depending distant growers for most of supplies of green vegetables, coming from Mexico and some from Florida and the Carolinas and still other supplies coming from Califor- nia. Prices reported by dealers as fairly reasonable or cheap. Today's Wholesale Prices. Butter esh, 1-pound prints, 558 56; tub, store packed, 30. Eggs esh, selected, 25a26; hen- nery, 28; current receipt 3 Poultry, alive—Turkeys, 40a42; chickens 5. white Leghorns, fowls roosters, 20; duck a25: keats, young, 65: old, 30a35. Dressed ys. 46a48; old toms, 40: fow capons, fancy, heav. 35; smaller youn chic Meats lamb: shoulders, 17al fresh hams, 26a28 a2l loins, 28; smoked hams, 28a30; smoked shoulders, 18a20. Live stock—Calves, choice, 15%; medium. 11a13: thin, 7a8; lambs, 13. Fruit and Vegetable Review. Today's market report on fruits and vegetables, compiled by the Market News Service Bureau of Agricultural Economics, vS: Apples: moderate, steady; barrels, Pennsylv inch Staymans, No. ; Virginia, 21, inches up, Stay- 0a2.75; bushel baskets, Maryland, 1, Black Twigs, 2-inch, Stayman: %4 inches up, 1.00a 1.25; boxes, Northwestern, medium to large extra fancy, Winesaps, 2.75a3.00. Cabbage—Supplies moderate; de- mand moderate, market stead: stock, South Carolina, 13-bushel hampers, pointed type, 1.25a1.50; Florida, 11¢-bushel hampers, pointed type, 1.50a1.75; ordinary quality and condition low as 1.00; Texas, barrel crates, approximately 100 peunds net, round type, 3.25a3.50. Celery—Supplies moderate; demand moderate, market steady; Florida, 10 inch crates, 2.50a2.75; poorer, 2.00a 2.25; California, crates, 5.50; few higher. Lettuce—Supplies moderate, market California, crates, dozen, 2.75a3.00, Onions—Supplies moderate; demand light, market steady; Ohio, 100-pound sacks, yellows, U. 8. No. 1, medium rge size, 2.75a3.00; poorer, low as 2.50; New York, 100-pound sacks, yellows, U. S. No. 1, medium. size, 2.00a2.25; Michigan, no jobbing sales reported. Potato Market Steady. Potatoes—Supplies liberal; demand moderate, market steady; Michigan, 160-pound sacks Russet Rurals, U. §. No. 1, 3.75; Maine, 120-pound sacks Green Mountains, U. S. No. 1, 3.25; New York, 150-pound sacks round whites, U. No. 1, 3.40. Spinach—Supplies moderate; de- mand moderate, market slightly stronger; South Carolina, cloth-top veneer barrels Savoy type, 2.35a3.00, mostly 2.00; Texas, bushel baskets Savoy type, mostly ordinary quality 1]:!;(: condition, 75a1.00; few high as Strawberries — Supplies demand moderate, market slightly weaker: Florida, pony refrigerators, Missionarys, 30a35 per quart. String beans—Supplies light; de- mand moderate, market steady; :’lonofida, %-bushel hampers, green, Tomatoes—Supplies light; demand moderate, market steady; Florida, fair condition, sixes, ripes and turning, wrapped, fancy count, 4.50a5.00; choice count, 3.50a4.00; few good quality and condition, fancy count, 5.50. An engine, 2 feet long and 6 inches high and making its own steam from coal, hauled trucks carrying 17 adult passengers in England recently. - AVOD DIZZY SPELLS Never well. liberal; demand slightly weaker; Iceberg type, 45 moderate; Always tired and fagged out. Beauty tossed away by neglect. To be beautiful and to keep youth the system must be from poisonous backwash of constipation which often causes dizzy spells. For 20 years, Dr. F. M. Edwards gave his patients, in place of calomel, a compound of vegetable ingredients mixed with olive oil, naming them Dr. Ed- wards’ Olive Tablets. Known by lhelr ollvt; toh‘br. They free the system of poisons that ravage health, energy, beauty. ‘You need never have sallow com- plexion, dull eyes, coated tongue, throbbing headaches—all signs that your bowels are elogged, liver is tornid.—Take Dr. Edwards’ Olive Tab- iefa Wichtly. ‘They act smoothiy wnd without griping . . . "How much better You'l] feel and Took! 'Everywhere wise Eooa “healih " take Dre " Kaacds' Olive r. Edwi Tablets. All druggists.” 15¢, 30¢ and 60e. No Fear Now of Offense! MY OLD DREAD of unpleasant va- pors when I was excited or warm to-poi:;pmyfog me.I hwmnm orse after rging. It was & Thend ‘who tod me the wholesome sweetening of one or two— ‘cAsgamETs D. ¢, TUESDAY. MARCH 1. 1927. l.xlm\!\ MEN AND MONEY | By M. S. Rukeyser. (Copyright. 1927.) ‘The recent strength of the best {grade of dividend-paying stocks flec wholesale turesome investors shares. The prolonged rigse of bond pric has greatly reduced the investment {yleld on bonds, and those who insist on a higher return than they can now get in the bond market hav ‘en buy l‘ln;: shares on which they believe the present dividend rates can be main- tained. In making the switch from bonds to stocks the investor giv up the creditor status and becomes a vir tual partner. In general, the transfer entails a heightening of the risks as sumed. The intellectual basis for the demand for investment stock was laid by the researches of Edgar L. mith and others, who supplied statistics to prove that in a growing country like the United States common Share have proved better long-term invest ments than high-grade bonds. Unless stocks are carefully selected and thoroughly diversified, however the investor may get into dangerous grounds. Interest In Foreign Bonds. Changing interest rates have heightened the interest in foreizn bonds, which offer a_higher return than domestic issues. In general, how- ever, the investor must pay for & bet ter return In larger risks. A study by the National Industrial Conference Board indicates that by far the largest bulk of investments among_individuals of large means is in stocks. However, among those with incomes of less than $5,000 a year real estate, bonds and savings accounts are the most popular forms of invest- ment. In 1924 those with incomes or re from bonds new their total income from rent and inter est and less than 5 per cent from divi dends. As incomes increase, the rela dends on common shares rises. In the case of the ultra wealthy, with in comes in excess of $500,000 a year. dividends constitute 50 per cent of the total, and rent and interest only 10 per cent. ‘ That Americans of moderate means are to an increasing extent becoming capitalists is revealed by the fact that whereas in 1918 rent, interest and royalties constituted only 11 per cent of the total income of those whose total incomes ran between $1,000 and $3,000 a year, in 1924 the same items comprised 13.5 per cent of their aggregate income. Divl dends in 1918 amounted to only 2.1 per cent of their combined total in- come and in 1924 to 2.3 per cent. The wider dispersion of securities among the masses continued in 1925 and 1926. Research Is Essential. Although Mr. Smith's conclusions in regard to the merit of good com- mon stocks are sound, they will be misunderstood. Stocks picked by blind chance may lead to heavy loss, and no one recognizes the fact better than he. “Research,” he said, “is essential to conservative investment manage- ment. It tends to reduce the mar- gins of error open to those whose re- sponsibility it is to conserve and en- hance investment values intrusted to thelr care. “Brbadly, it consists of seeking and assembling all ascertainable facts re- lating to matters concerning which decisions are to be made, and pre- senting them in such form that they may be used as definite aids in reach- ing sound conclusions. “The constant application of con- tinuing research to the management of invested funds should tend to pro- duce an earned increment over and In switching of ven-| to also | less than $6.000 derived 15 per cent of | tive proportion which comes from divi- | normal dividend and intere returng, accompanied by a decrease, rather than an increase, in the risks which attach to even well planned | investment holdings if they are not | kept under constant and informed | supervision. Individuals not in a position to make independent analyses of secur- | ity values must depend upon com- | petent, disinterested advice of others who are qualified. 1 THE BUSINESS OF GETTING | AHEAD. | Controlling Fate in Business. Fatalists in the Orient spend a langorous existence waiting thelr destiny to work itself. That is the philosophy of ceptance--the creed of waiting | something to happen. | In business the fatalistic view ex | presses itself on the part of those who believe that their success is de- pendent on external forces—business cycles—rather than on their own initiative and energy. As a matter |of fact, although general economic | conditions must always be considered | the genuinely successful men are per- petually fighting conditions, turning seeming _adversities to their tage. They stand in sharp contrast to fair weather business heroes, who thrive only during perfods of great i prosperity. * Conscious Planning for Future. The newer note in business is the effort to control by conscious plan- ning the future of an enterprise. Miss Mary P. Follett, authority on problems in management, in an ad- dress before the Tayior Society, re ported the current striving for man made stabilized prosperity. “All of us,” she sald. “Including business men, ai than ever before in the world the idea that we can control our activi- ties. In onr individual lives the endency is no longer to submit to fate, inheritance or even ment We see this same trend of thinking in the social sciences. Ros- coe Pound writes of conscious con- trol. John Maynard Keynes, an economist, says that we are now en- tering on' an era of stabilization in which the doctrine of laisse faire must be abandoned in favor of de- liberate conscious control. “Business is coming to be consid- ered not so much a speculative under- taking as a social enterprise, resting on scientific knowledge, controllable by further and further developments in scientific methods. The dominant thought of the twentieth century, the contribution which the twentieth century is giving the world, is a richer idea of the meaning of control than we have ever had before, and it is among business men that we find those who are doing perhaps more than any one else to give that thought reality.” Capable managers chart the future course of the enterprise—they do not rely on blind chance and good fortune. They mold conditions to their pro- grams. If successful in their plan of control, the business enterprise is a success. Swimming Against the Tide. With the growth of a business enter- prise in complexity it is getting away from one-man control. The chief exec- utive delegates authority to others, and if he picks his aides wisely he has little to do except to acquiesce In their decisions. This question of controlling the course of business has an applicagion for the individual. Too many men who fail to succeed try to escape personal resgonsibility by blaming adverse conditions. Genu- ine success is found in the ability to swim against the tides as well as with them. In terms of the individual, control- ling the future means using present leisure to study and improve one's self to be ready for greater respon- the pa irn ac for first month | we sold over = N 1,000,000 [ advan- | accepting more fully perhaps | b environ- | sibilities in the future. It means be- coming everlastingly interested in the | opportunities and responsibilities of | present work, with the thought of per- | Detually preparing for advancement. Control is opposed to the idea of dritting and waiting, like Micawber, for something to turn up. The idea of personal responsibility for our future is energizing, whereas the fatalistic conception that external forces dominate our course is para Iyzing. ‘WOOL MARKET QUIETER. BOSTON, March 1 (Special Boston wool market was quieter to day, reflecting spotty business in the goods markets. Mills are buying sparingly. Prices are held within the current range, but transactions on some low and medium sorts have heen at the low side of the range. Fine territory is quoted at 1.10a1.12, half blood at 1.00a1.02, three-cighths blood at 90a92 and quarter blood at 80a82, clean Twelve-month Texas wool is held at 1.05a1.10 and eight month at 90a85. Fine Ohio combing fleeces o held at 45a46, grease basis; haif blood at 45a blood at 45432z and quarter blood at a441s IRON SALES HEAVIER. NEW YORK. March_1 (P).—Pig iron sales in the New York market last week advanced to 20,000 tons from 15,000 the week before and 10,000 tons two weeks ago. Pending in quiries are about 10.000 tons. Prices are_unchanged, No to $17.50 a ton, Buffalo, and ern Pennsylvania. 21 east GOLD SHIPPED TO U. §. NEW YORK, March 1 (#).—A ship- ment of $1,000,000 {n gold from Canada received by the Canadian in’ New York. The | three-eighths | 2 foundry at $17| ABANDON MERGER PLANS. | Sheet Mills’ Unification Project in Ohio Given Up. YOUNGSTOWN, Ohio., (®).—Plans for the merger sheet mill companies in mnorthern Ohio, tentatively agreed upon two Yw:-olu ago, have been definitely aban | doned. W. A. Thomas, president of the Thomas Steel Co. of Nlles, an nounced today. Although Mr. Thomas gave no rea | son, it is understood stockholders of | several of the firms involved dis- agreed on terms offered for their properties. Ten companies originally | were mentioned for the combination, but the list narrowed down to these | six: Mansfield Sheet & Tin Plate, Ash- tabula_Steel, Empire Steel of land, Thomas Sheet Steel, W: Steel and ¥t n Steel of Niles. March 1 of six ‘ SALES DECREASE. NEW YORK. March 1 (#).—For the | fivst time in many years, Montgomery Ward & Co., reported decreased busi ness for January and February, ai though the decrease for February was less than for January. A state. ment said the January-February de crease was 9.20 per cent compared | with 1926. The decrease for February alone was 4.45 per cent. Total sales for , were $14,184,130, $13,157,054. BUTTER STEADY. CHICAGO, March 1 (#).—Butter unchanged: receipts 11,777 tubs. Eggs unchanged: receipts 10,798 cases. SILVER QUOTATIONS. W YORK, March 1 (#).—Bar 3 Mexican dollars, 43 ILY BALANCES Interest on checking accounts on daily balances—compound- ed monthly. Interest on ordinary savings accounts—compounded quar- terly. Interest on special savings cer- tificates—compounded semi- annually. The Munsey Trust Co. Munsey Pa. Ave. Bet. 13th — ; o i "N S 2 SN T e o Building and 14th Sts. N.W. and now we're selling almost twice that much! HE new split-top loaf leaped intoa popularity that astonished evenour- selves. “It’s just the kind of bread we’ve always wanted,” our customers tell us. The ideal shape, the ideal size, tender vet crisp of crust—and with more crust because of. the split top. Richer in flavor because of the double quantity of fresh milk and shortening. Longer-keeping. Slicing, even when oven-fresh, into the most delicate of paper-thin slices. Toasting the loveliest, crispy golden brown. ¥ Begin serving it today. Fresh, twice daily at your own grocer’s. And with the seal and guarantee of City Baking Institute.