Evening Star Newspaper, March 9, 1927, Page 13

RANGE IS NARROW INCOTION MARKET Market Steadies and Rallies After Early Slight De- . clines Today. By the Associated Press. NEW YORK, March ton market opened decline of 1 to emsier Liverpool cables, March easing off to 14.22 and October to 14.67. Offerings were light, however, and the market steadied after the opening on covering and trade buy- ing. Liverpool rallied after the local market opened, and there was prob- ably buying here inspired by the ab- sence of any materfal increase of of- ferings from the South. May sold up 10 14.29 and October to 14.60 by the end of the first half hour, or about 1 to 3 points net higher. Private cables said tr London buying had absorbed hedge selling in the market there, with a larger Inquiry for cotton from dia_and Chinese advices more couraging. 9.—The cot- v today at a en New Orleans Market. NEW ORI March 9 OF).— Reports of probable heavy exports during the current month and con- tinued bad weather kept cotton prices upward today. First trades showed no change from yesterday’s close and later prices advanced 3 to 6 points, with May at , July at 14.42 and October at 14, GORDON LEIGH MAY JOIN KUHN, LOEB & CO. Widely Known British Banker Re- ported About to Become Partner in Big New York Firm. the Associated Press NEW YORK, March 9.-—Gordon Leigh, widely known British banker 38 to become a partner in the inter- natfonal banking firm of Kuhn, Loeb & Co., according to a report in Wall street yesterday. Officlals of Kuhn, Loeb & Co. declined to comment. Otto Kuhn, the usual spokesman for the firm, is in Europe. A partnership in Kuhn, Loeb & Co., Which ranks next to the house of J P. Morgan & Co., is regarded as one of Wall Street's choicest plums. From a financial standpoint, it is probably even more valuable than a Morgan partnership, as thePe are only four Kuhn, Loeb partners at present, whereas the Morgan firm has 14. It is understood Mr. Leigh will rep- resent the Kuhn, Loeb firm in Lon- don, where it has extensive financial interests. Mr. Leigh, who is 48, was educated at Cambridge University, and entered the firm of Speyer Bros.. in London, in 1900, holding a partner- ship in the firm from 1911 to 1919, when he retired. He is now the head zféhe banking firm of Gordon Leigh & Co. Washington Stock E;change SALES. ek T e N pra-u0Ch 101 ples Drug Str. fo—lfl at 109, = ot Eiee, pATTER CALL ot. Elec. pfd—3 at 10814, 2 at 108%. Boo "Bhe” cons BHAOO:OT)‘ woi?z'x‘? $1.000 at m‘u(',. = G i s Tract. Co, it 107 % . UNLISTED DEPARTMENT. Departmental Bk.—86 at 6, Money—Call loans. 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel & % 500k S & C &P Capital’ Tr, City & Suburban Georgetown Gas 1st §s. otomac Elec. 1st bs. otomac otomac fos L £05 ow. &1 & tid. 5 ash.. Alex. & Mt Ver. Wash'! Alex. & Mt V. ctfs Bt & Anga. 65 Washington Gas 6+ series A. Washington Gas 6s series B. . Vash. Rwy. : Elec, 4. ... Waeh, Bwy. & Liec. gen. 6s MISCELL Barber & Ross B3%s '37. . Chestnut Farm Dairy 6%s. Chevy Chase Clal . Paver Co: Mie. Pot. Joint Stork 1: Southern Bldg. 61, Storaxs G5 washo Mkt Cold | torage of 8. Wardinan' Park STOCKS. PUBLIC UTILITY. Tel. & Telga. Traction.. SIR221.533533822385: P R I eri National Capital .. Columbia Commercial District Farmers & M ¥ederal-Ameri Liberty Luncoin Fational Rikgw Second National Bank of Washington TRUST COMPANY ty & Trust. 379 jpesb 15| & Trist’ ] 310 " Metropolitan an & Truse.. SAVINGS BANK f Bethesda . e & Savings | angton id Stutes asbiington Mechanice* FIRE IN: American . . Corcoran on's Natioval Uni . TITLE Title ... tate Tatle .. Title Inv of Md. com b4 MISCELLANEOUS, Barher & Ross ~om Paper pfd bid Col anston M Merchants Merch, 1 us 1101 o108 1083} Trans. & Storage & Stor. pd Linotipe id ¢ Stores pld a 50 Warh 1) Wil 106% M com o pId. nd. e GERMAN 30NDS AND STOCKS. (Quoted in doilars per million marks.) Bid Al . Ger Gt (w In) Be 1914-18 1400.00 1475.00 i € 4258 1919 .. "100.00 110,00 wollars ber’ ihousanid marke. ) -'4'ty8 pre-war. 2700 » 1919 500 500 200 20100 23,00 13.00 140 1.00 c 413 war s 48 & 48 pre-war 50 er Line 435s 00 Lioyd 4138 30,00 14.00 160 200 00 00 5.00 150.00 40.00 13.00 )00 00 00 ,\'ux’ll\ L North 0 Loy Prussian Consols 4 %a. . Krupp Bs 1071 usseldorf 4s pre-war. Pranifort, a-M 4s pre-war Mupich 48 pre-war Badischo Anilin. | A"E"G(Ger Ge Elec) AE . Commerz and Privat Bank. bisconto. Ge resdner B I 1o 3 points in response | de calling and | In.| list of bonds_and Stocks traded in on the New York Curb Market today. Sales in INDUSTRIALS. hundreds, USTRIAS Allied Pack n 1 L ‘tllnh.mLP C X" 3 Alum Co n pfd: & % Am A d Am Br Iy Am 2 Am El iAm 5 Am 4 Am 1o Am Am 1im 1% Am | stollowing 1s a | By ot FEEF o] E5ECCL 55 7 on Rolting A'Am Seat’S 30 Am_Wind_GI TAMWHE n vie 1 AmWrP n of wi 5 Bambruge pf wi. 1 6 Bancitaly ... 1 ¢ Bancit | 7 Barnu M e 8CGNYnop 7 Consol Laundry 2 Curtiss Aero ) “urt_Acro ) Curtis Pub 3 Deere & Co 1De For R C 3De For R C v 1, Dixon Crucid) % Doehler Die C 12 Dominion St 19 Dubllier © & SEE PP FE FSESESNEE L R. aiiy aiil & Sh ptd 100 100 Bd & Sh'n'Co 60% Invest Inc... 3% Welte © Ford Mot Co_ Can47 Foundation Fo ‘A PR Gen Tee Cream Gen Pub Ser. . Gillette 8 R Gleason Prod ¢ 1 Glen Alden Coal: 167 4 Goodvear T & R 1 Happiness ¢ S A " i Hercules Powd. . 185 3, Hercules Pow pf. 116 S Hires, Ch A 2 2 5 e e e BB D LS MBS 2, AR P S 2 Horn' & Hardart, 4 Ind Rayon Cor & 11 Int Concr Ind. 153 Intl Silver ... 2Int T T n wi BIntern Util A 2 Intern Ttil B 0 9 Johns-Man pf 1Land HC A 18 Leh Pow n . 21 Leh Val C e iy Leh Val C Lib McN & %4 Long Isl Lt pf Loose Wiles n wi Mad Sg_Gar v 4 Marc Wire Lon. s Massey Harris. 1 Mead Johnson. 313 Mid W ULl pf 3 Midvale Co 1 Mirror pfd . Mohawk Hu 'P5! Moore Dr Fo A. n 5 LS EERelt FRFEE SRRLE 2227 FEEEE ey ®. Seorssaaaead meBlmm,, SRR A - ey et o o' e 227, £t £ ST e S e s SRS RSoUBRROD eI S! & REE LA FEEE SESEEF ERrE & o0 Do 5 BT e o o Mot....... ickenback ‘Mot afeway Stre. ... - oS S O OIS L BOT RRBIT A n B R e ey YO ., ) 81, 28 20 20 1 4 2 % 7 B pEBLE! e 55 2B i B 1 o sz Bt o3 SEssE 2 e 25348 o £ agadagacac: 28 52w P ey Faiet S355053585% MINING STOCKS. 5. Am Explora ... . Aneto Cnil N Cons Cop Mines Cortez_Silver Gold Gld M Ltd i 10 Faleon Lead Min . 10 Golden Staf o 20 Goldfid Cons 20 Hawthorne B san Toy ... 2 Shattuck Dens 1 Teck Hughes 5 Tono Belmont 2 Tono Min . . . 2Uni Verde "Ext. 2Utah Apex .... Sales in, INDEPENDENT O] = P R STOCKS. ® _ meesis B SlaR3iEaz &8 R olumbia reole Sy EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES, Influence of Commodity Prices. We saw in the last article in this series that the money outlook was the primary influence in fixing the price of the highest grade of securities, such as Government bonds or the best of Ora obligations. wfr’;wrfeln ny‘\nxhflr factor, however, the working of which is not so evi- dent,, but which it is important to take into account when considering the outlook for any security on which there is a fixed rate of return. By this {& meant a bond, the interest rate on which never varles as to dividend rates on common stock, or & preferred stock of a corporation so strongly in- trenched that no conceivable business depression would affect the safety of the dividend. This other influence is the course of commodity prices. If the cost of living, to use the popu- lar phase, is advancing it will have a depressing effect upon the price of securities of this class. If, on the con- trary, the cost of goods and services is ‘de. ining the value of bonds and stocks in this group will increase, '"13;» matter ean be made plain by an illustration. Take a West Shore 4 per cent bond, for example. This par- ticular bond has so distant a maturity date as to be practically a perpetual obligation. The holder of a $1,000 West shore 4 will receive $40 a year in interest. If that $40 will buy more food, clothing or shelter the bond is worth more money. If the $40 will bond is worth less money. Tn other words if the trend of com- | modity prices is downward so that the | interest coupon has a larger purchas- | ing power the price of the bond must | advance. If commodity prices are ad- | vancing bonds are likely to decline. Now what is the situation today? Any study of price indexes will show a slow and irregular but significant | decline. If this is to keep up, and it | has been the rule as far back as any | reliable record has been kept, that | prices do fall after great wars, then the indications are that as far as this factor is concerned the effect will be to bring about higher priges for fixed interest rate bearing secitities. buy less food, clothing or shelter lhe( TIE NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office & Crown Cent Pete 39 Gibson 0l Cor 1Guil on of Pa 2 Kirby Pet . Oil on i Star G0 D 1 Mex Pannco Mot Prod fmel Pennok 2] RelterFoster | alt’ Cle - Cont Ck Prod ag 10 Ml Cotn oil ) on Wat Ol bt i ver 1 Wileox O & G n | Sales . STANDARD OIL 1SSUE inunite 400 Tmm O of Can n 200 Ind P L 800 Inter Pet € 1td 800 Nat Transit 200 Ohio 01l 1 1184 108 104 BONDS 00 3600 Sales inthousands, TAla Tox 0o 16 Allied Pk 6% 4 Allied Pk 8s 47 Alum_Co A 4 2Am Gas & El 651029 3Am Po & Lt 6s. 101 1% 3 Am Seating s | 1041y 1 Anaconda 0a A 1021, 08 n wi 1 Po_bs & 1. 58 & B 68 11 Ae Sim Ha 6135 B AtL Fruit 8s 4 Bedverboard | 8¢ O Nebraska n cuum - Oif Con G B B8 F on G Bal ons Tex 8s ‘uba Co 6x 10018 091 10470 035 1061 o1 014 001y E tv G A B B Duke Pr P _fis A 6 Fisk Tire : 9TFia P & 1 6 Gair_Roht 5 Gal Sig Po 7 01 1 Gatineau Pow Bs 91y 8 Gatineau Pow 6 001 25 Gen_Motors’ 6s. - 10013 30 Ga Powar 5s wi 071 1Gult Ofl P 5s '37 10014 2Gulf St Ut B A 0514 5 Hood Rub 5i4e. 03N Ind Limestone 0a 9814 nd Oil & G 63310013 t Gr Nor 5s B 091 t Nat G 6s ww 101 ter Paper (. 083 clede Gas 5148 101 eh Pow Gs 7 1005 a1 e i 100 > SRR » 22550900 5 CEEREESS ZZRRIR LR 222, C3E22 qq”vvms‘;=3 pnmp T g 15537, 3232 FERREREEEIR >, >EA b 5940 3 gzgl 5 e o g G SEETITS 235w°Es o @ 13 e I MR~ Wab Ry Co bs 5 Webster Mi 61%s 95 Sales in FOREIGN BONDS, 10215 ot @ Besmmi D 5% e Air 714 B e e outa_ Rica Ta " e 2oses 25385333338 s 2522505, ERSITIZR2! SRS Rt W MERRRRRE B BEEER SRS R 258025555 00m: SERD £ & = Wall Street Briefs NEW YORK, March 9 (A).—The VENING STAR, WASHINGTO FOWLS ARE LOWER IN CENTER MARKET Other Prices Are Unchanged: Egg Receipts Reported About Normal. fowls was the only appreci- able change of prices reported in thg local wholesale market this morning. Yesterday's price was 30 cents, while v's price was 28. Other lines of poultry were sold to- day at prices the same as those re- ported yesterday. Receipts of poultry were about normal, dealers reported, with a limited demand Igg receipts also were about normal. It was suggested by certain dealers vesterday that another drop in prices might materialize today, but today's prices were the same as ‘those re- borted yesterday, current receipts con- tinuing at 24 cents, Today's Wholesale Prices. Butter—Fresh, 1-pound prints, 55a tub, G4a55; store packed Eggs—Fresh, selected, 2 nery, current receipts, Poultry, allve—Turkeys, ens, 40; white Leghorns, 24a25 28; roosters, 20: ducks, 20a25; young, 65; old, 30a. fancy, heav: fowls, 28; keats, old, 25a30; duc 28a30; 17%%; veal, ; sh hams, 21a22: loins, 28230 30; smoked shoulders, 18220, Live stock—Calves, cholce, 1614 medium, 11al3; thin, 7a8; lambs, 13, Fruit And Vegetable Review. Today's market report on fruits and vegetables complled by the Market News Service Bureau of Agricultural Economics sa v Apples—Supplies liberal; demand moderate; market steady: barrels, Vir- ginla, No. 1, Yorks, 23 inches up, 2,00a2.50; Grimes; 214 inches up, some scalded, 1.50a2.00; Maryland, No. 1, Winesaps, 21; inches up mostly 4.50 scalded wide range prices, 2.50a3.50: boxes, Northwestern, medium to large size extra fancy Winesaps, 3.00a3.2 Cabbage: Supplles moderate; de- mand moderate; market slightly weaker; Texas, barrel crates, approxi- mately 100 pounds net round type, 3.50; barr packed locally mostly 3.50, few lower; Florida, 1% bushels hampers pointed type 1 few higher Celery—Supplies moderate; moderate, market inch crates, 4-6 dosen, 3.00a3.25, most- y 23a26; 26a28; smoked lambs, shoulders, hams, 2 upplies moderate; de- te, market steady; Cali- fornia, crates, Iceberg type, 4-5 dozen, 8.00a3.25; Florida, 114-bushel hampers, Blg‘ Boston type, 2.50a2.75; poorer low as 1.50. Onlons—Supplies mdderate; demand molerate, market firm; Ohio, 100- pound sacks, Yellows, United States No. 1, medium to large size, 3.00a3.25; Michigan, 100-pound sacks, Yellows, United States No. 1, medium to large size, 3.00a3.25; large size, few sales, 8.60. Potato Market Stronger. Pctatoes—Supplles moderate; de- mani moderate, market slightl stronger; Michigan, 150-pound sacks, Russet Rurals, United States No. 1, 3.76a4.00, mostly 3.85a8.90; Maine, 120- pound sacks, Green Mountains, United States No. 1, 3.35a3.50, few low as 3.25; New Brunswick, 120-pound sacks, Green Mountains, United States No. 1, mostly 3.50. Spinach — Supplies moderate; d mand moderate, market fairly stead: Virginia, Norfolk section, bushel bas- kets Savoy type, 1.25; cloth-top bar- rels Savoy type, 3.00; South Carolina, cloth-top barrels Savoy type, few sales, 4.50. Strawberries—8upplies light, in- cluding holdover; demand moderate, market steady; Florida, pony refrig- erators Missionary, best mostly 40; some ordinary condition low as 30; 82-quart crates Missionarys, fair con- dition, 30a321%; some poor condition, wide range prices, low as 1214 per light; demand modeate, market steady; Florida, pep- per crates, fancy, 6.00; Cuba, no sales reported . Tomatoes—Supplies light; demand moderate, market steady; Originals, no sales reported; repacked Cuba, three ripes wrapped, fancy count, 3.50 choice count, 3.00. Texas company earned $5.47 a share in 1926, against $6.02 & share in 1925, Net income declined to, $36,043,330 from 539‘605.075.‘ Gross earning: after deducting cost of materials, $166,173,512, against $159,396,627 the year before. Expenses were around $9,000,000 larger; profit and loss sur- plus was $128,362,541. A back dividend of $7 a share was declared on the preferred stock of Jewel Tea Co., in addition to the regular quarterly of $1.75, both pay,- able April 1 t o e 0 holders of record Private dispatch ton say E. from Wilming- to 1. Dupont de Nemours & 0. I8 negotiating for the sale of ity smokeless powder plant at Haskell N3 which has ot been operated onths an y valued at $750,000, O oo vetively After ia monthly totals of buflding p Bradstreet's report of buildimg o February shows a gain over Kebry. ary, 1928, This February's total for 162 citles was $244,119,521, againat $207,640377 for January and $229.. 080,097 in February last year 7 An i8sue of $3,000,000 of an - ized $5,000,000 20-year, 7 I):‘ru"kf‘):;( sinking fund gold bonds of the Mort. gage Bank of Colombia Is expected on the market shortly, DIVIDENDS, Pe- Pay- Holders . Rate. riod. able. of Alumi Co of Am pfop “Apr 1M Am et B AR Sikr o M7 Am Pow & L(‘.Y £i.60 O Apr 1 v Mar 30 10 successive declines Bank of N Trust..§ Canadian_ Cangers pf. .| Empire. Sate Benous Eirat Nat Bankout o8 s P&, pi 51 75 s of Alxl’ltl’?fi: s58 2532 g P Jewel Tea 'pf." Ligh 0 1"‘)1:: on” O Do. . : Mallison ) erri Midiand s o. 55 pame 55 B53% R T T I kil S EEes SENSSSoRE Midiand "%l B e o Natlonal City Bank. | tional City Co... i1 National Licorige pt.. Natlonal Suppiy of, Nev, Cona Conger. Northwestern ~ Yeas Public Ser of Okla SRS brigr lle Safeway Stores Do g St B solcer Mife Thompsin Do. I pt lien NS S R I A D e BELEREEEREEEASERREREE S e SSeeSSoEeRs £35s5535% o 3 {trnnudb'lrr'ur e duid “tabCopper ./ Western Uhiion ‘Whits Eagle Oil = 3 22 MR KR R R LR, BeE e B e B EEE e g S ) 58555538 BRRLTED > RE > > > K] [ 28558 e 3 PRICES ON PARIS BOURSE. PARIS, March 9 (#).—Prices were irregular on the bourse today. Three per cet rentes 52 francs, 60 centimes; exchange on London 124 francs, 7 cen. times; 5 per cent loan 66 francs, centimes. The dollar was quoted at 25 francs, 656% centimé. MARKETS. NEW YORK, March 9 (#).—Rye— Easy;- No. 2 Western, 1.17% f.o.b. New York and 1.15% cif. export. Barley—FEasy; malting, 87%a89% c.Lf. New York. Wheat—frutures opened steady; domestic May, 1.43%. FOrR SDAY, i MARCH MEN AND MONEY By M. S. Rukeyser. (Copyright, 1027.) Midwinter trade hesitation was promptly reflected in Cleveland, whose | industries are highly dlversified, in a sharp curtailment of production sched- ules and in some unemployment The downward swing started in November, and the current level of production in that important lake port | is at the lowest ebb in the last year and a half. \The swiftness with which produc- tion was adjusted to reduced buying is illustrative of the new method of | doing business in the United States Merchants buy on a b basis, and manufacturers are tending to work only on orders where feasibie, instead of piling of stocks of goods in antlcipation of future demand. Thus business is liquid, and is ready for whatever happens. J. W. Vanden Basch, industrial spe- cialist of the Cleveland Chamber of Commerce, in a special canvass of the situation made for this column, re- ports: P Prospects for Spring trade s favor able, 80 far as we know. There has been some unemployment since No vember last, but, if this is overcome in the near future, the power of the community should not be seriously impaired Volume Somewhat Lower. “We know of no obstacles to con- tinued prosperity. Cleveland indus tries are, we believe, in shape to re- sume higher production schedules on fare unreason chort notice and a few weeks of good | immediate employment, if not too long delayed, | from routine, restore most level or a will, in all probability, lines of activity to the 1 u below. he current volume of business is somewhat lower than at the cor- responding time in 1926 and about the same as in Business cheerful.” Mr. Basch's investigation indicates that the building boom has passed the peak in Cleveland, which advertises itself asm America’s fifth city. “There is rather definite evidence,™ declares Mr. Basch, “that the bullding construction industry has passed its peak. There are a reasonable number of large projects under way (including the Van Sweringen new union devel- opment) and prospects for a good home building year. However, the speculative building of apartments and small neighborhood commercial structures seems less likely to reach large proportions as in 1924, 1925 and part of 1926.” Wages Are Stable. Concerning wages, Cleveland re- ports: “The labor supply is plentiful in all lines, Industrial wages are ‘sentiment is reasonably nd-to-mouth | | purchasing | this jazz o fect on the natlonal money reservoir was negligible. And vet the situation Is of extreme social importance. The fatalities brought loss to many indi- viduais of smail means. Moreover, it signified an Increasing inability of small and old-fashioned business units to thrive In this era of big business. Automobiles induced farmers to Switch their deposits to the next largest town instead of to the local bank. Moreover, the habit of shop ping away from home also drew funds away, and this pro was heighten ed by mail order purchases and the buying of automobiles from distant where bank faflures were . of cash. The suspensions are a further repercussion of the deflation of 1920 and 1521, and spring from an inabilit of these fll-fated banks to re-establish their earning power. The fallures emphasize not only the haz ard of Incompetent management, but also the danger of independent bank Ing in onecrop communities where diversification of loans is difficult, if not impossible. In its annual reports the Federal Reserve Board points out that ber cent of the suspensions occurred in 12 agricultural States. THE BUSINESS OF GETTING AHEAD. — How Quickly Should Promotion Come? Impatience is a characteristic of 3 of ours. Within reason, impatience fs an energizing force, making for progress. All inwentions flowed from fm; on the part of restless and creative men with the older ways of doing the world's work. College graduates, employers charge, ly impatient, expecting ognition and freedom It is easy to generalize, but as a matter of fact there is no uniformity of trend among college graduates. Scme are suffused with excessive confldence and others are excessively humble Impatience must always be tem pered with reason. The man who is not getting salary increases as rapid. ly as he would like them should decide whether he s getting other advantages in the form of experience and prepar- ation for important promotion. The direction in which he is moving is frequently more important than the pace. Bide Time and Sit Tight. Otto H. Kahn, banker and patron of the arts, in formulating rules for suc- cess, offered this sage advice: “Know how to bide your time and sit tight!" A business career is subject to ups and downs, and the man who succeeds knows when to suffer disappointments without chucking his job. ness world has seen many able men of the prima donna type, who step out the first time thelr will is thwarted The more astute know how to “blde thefr time and sit tight.” Now that 90 per cent of the Nation's business is stable. Building trades crafts in this tion are organized. Several agre ments expire this Spring and negotia- tions are under way for renewal. Car- penters arc asking for an increase in thefr hourly rate." The city also reports most active Interest in the question of starting new industries in Cleveland than at any time for a year or two. The experience table of a city like Cleveland is likely to be more repre- sentative of the nation's business than that of a city like Detroit, whose in- dustries are far less diversified. Near- 1y half the output in Detroit is in the nature of motor vehicles and parts. The fixing of Babe Ruth's annual salary at $70,000 may encourage de- mands for upward revisions in other directions. For example, the president of the largest university in the coun- try gets only $25,000 a year. Banking Casualties. Of the 956 American banks which suspended operations In 1926, only 160, about 16 2-3 per cent, were mem- bers of the Federal Reserve tem. The average bank inciuded among these casualties had a capital of only $35,000 and deposits of $300,000. Thus, though numerically the mortalities were larger than In any previous in American financlal histos the e Proved safe by millions and prescribed by physicians for Colds Pain Lumbago Headache Accept 2'11.¥ Neuritis Toothache Neuralgia Rhéumatism "éll{fl" m which contains prove:{ directions. mml‘ “Bayer” boxes 12 tablets Also bottles of 24 and 100—Druggists. handled by corporations, business life has become to an increasing extent a series of compromises and adju: The busi- | GeorgidPeach Crop Reported Injured By Recent Freeze By the Associated Press ATHENS, Ga., March 9.—Severe damage to the peach crop In North Georgia from the recent cold wave s reported from the State College of Agriculture ahd from growers. The crop from Madison to Cornelia is s to have been reduced to one-third of an aver- age yield by the severe cold, while the college reports damage from 50 to 100 per cent in this part of the State. Growers at Commerce, where 264 s were shipped last season, say the crop has been reduced to one-fourth ments. have thelr own { For example, an enterprising and ambitious voung man of means in vested in the publishing house and en. tered its employ. To his surprise, tecelved no' responsibility, and was | trusted only with the simplest task. | There was little thought of his dignity. | His pride was wounded, and his flrst | disposition was to resign in a huf. | On second thought, he decided to “sit tight.”” He continued to take the | bitter medicine for many months as | he generally absorbed the details of | the business. When he felt he had| soaked up enough, he left in a friend- | Iy way, and set up an establishment | of his own. He succeeded handsome. ly. A significant element in his ad- ancement was his decision to control his temperamental impulses, “bide his time and sit tight | Patience Something Needed. | Frequently an employe Is tempted | to glve up a good job, because his department head seems unreasonable and wnappreciative. It the alleged | | criticism is justified, the prospects are way | stocks. Few individuals can always |: | that the Ld GOVERNMENT REPORT SENDS WHEAT DOWN Corn and Provisions Develop Firm- ness, But Oats Are Easy in Today's Trading. By the Associated Pre . March 9. —W esh downturns today, owing Iy to bearish aspects of the Gov ernment report about domestic reserve Prediction of big Argentine wheat shipments also was a bear fac Opening unch ged to 8% off, 1 o moderate generai Corn and provisions de d firmness but Y. corn starti nged to half cent and Subsequently scoring gains aroun; A tod t under weting further notice vernment report on wheat was notable {ansas The total re tate was shown to be agalnst only 6,985 In connec 16 9,000 bu 000 bushels tion with rent report also’ word was at that continental Europe had temporurily stopped buy ing. On the other hand current reports today showed that wheat exports from the United States are averaging 2,000 000 bushels a week or about the same as at this time last According to a trade authority, indications are movement until the end of the crop vear, July 1, will amount to around 35,000.000 bushels, making total exports fromi the United States se to 200,000,000 bushels, compared ith 1 )0 bufhels last year. WHEELING STEEL PROFIT. WHEELING, W. Va., March 9 (®). The annual report of the Wheeling that in time the owners of the busi ness will discover the shortcomings of the department head and remov him. The patient subordinate may then be elevated to the headship of the department. quit jobs with an excellent long term future, for the temporary advantage of a moderate salary increase In a blind alley job. In buflding a career, the individual of timing. Promotions do not alway come on regular schedule; they de- velop irregularly like the rhythm of life, depending on accidents of death, resignations and external changes in | bustness policy Choose your employer carefully, and if you are sure you picked wisely !“blde your time and sit tight. | s | A bottle of perfume dt London recently was priced at Many individuals, without foresight, | succeeds best who has a good sense | Steel Corporation shows a net profit | of $5.006,460 for 1926, with sales for | the yvear totaling $83.427.942, as com pared with $50.652.685 for 1925. The report, made public vesterday, listed | the assets of the corporation at $113 and states the outlook for 1927 irly *and_the busi ! ars to be funda | STEEL SCRAP HIGHER. | NEW YORK, March 9 UP).—Prices of steel scrap stronger in the Pittsburgh district. Sales of heavy | melting steel were made at $17 a « cents. | YALE & TOWNE PROFIT. NEW YORK, March 9 (#).—Yale | & Towne Manufacturing Co. had net profit of $2527:734 in 1926, equal to share, against $2,570,749, or h in 1925 ven shaking hands may spread sickness For safety’s sake use the toilet soap that removes . L germs, as well as dirt EVERY time you clasp a friendly hand— every time you handle things others have touched —money, door-knobs, ban- isters,trolley straps, telephones—your hands may come into.contact with disease germs. Of course, you can’t see them. But on countless other unavoid- able objects, germs may be lurking, waiting to be picked up by your unsuspecting hands. Listed below are 27 germ diseases that health authorities say your hands may bring Don’t take needless chances. For safety’s sake use the toilet soap that removes germs, as well as dirt. Benefits the complexion all these, an into your home. " Lifebuoyisso finea soap for the skin that millions use it regularly for com- lexion health alone. It eeps the skin clear and lovely—as smooth as satin. Young and old alike revel in its abundant, invigorating lather —that removes dirt so quickly— that prevents perspiration odor and keeps the body fresh. And besides beinga d lighttal tollc 20 bach along with dirt. Lifebuoy is so different. finished your firs protection. rifying Social Otitis (Ear Infection) " Digeases Scarlet Fever Pharyngitis Cerebro Chickenpox Smallpox T B“ml is e TR 1febuoy, HEALTH SOAP for face-hands-bath soap, Lifebuoy also safe; Ppenetrating, antiseptic lather removes germs ards health. Its Millions love its hygienic scent different from other toi- let and bath soaps that even its scent is Not a perfume, but a clean, pleasantly hygienic scent which proves Lifebuoy gives greater protection. Even before you've t cake, you'll learn to love this cleanest of all soap scents, which quickly evaporates after rinsing. Without its antiseptic, Lifebuoy would still be a wonderful toilet soap—but it wouldn’t give you the same measure of Like millions of others, once you form the Lifebuoy habit, you’ll wonder how any other soap ever satisfied you. Added safety—free Lifebuoy costs no more —probably less—than the s0ap you are now using, . so the protection it gives you is actually free! You can get Lifebuoy wherever soap issold. You will know it by the red boxand the cake—orange- red, the color of its pure palm-fruit oils.