Evening Star Newspaper, May 30, 1927, Page 10

10 W.R &E MAYBUY W.B.& A RALROAD Baltimore Financial District Gets Report—Power Con- tract Held Separate. Bpecial Dispatch to The S BALTIMORE, May ngton Railway § latest name to be sugg as robable purchaser of the Washington, imore & Annapolis Electric Rail 30—The \\ Nn | ted out that the Wash- | timore &Annapolis has no | right of way into the umbia, its cars enter over the tracks of the TRailway ington. hington | 1shington of the Washington 1r.uk Rights Affected. | In the event of the W. B. & A.[ changing its contract to another pow- er company, thie right to use its tracks may be cancelled by the Washington Co., it was said. Herbert A. Wi er, slidated Co., denied that the use cks in the District depended on ontinuance in force of the power which runs for six more ife said there were two con , but declined to scuss their provisions. president of the | Owners Deny Plan. “At the expiration of the present power contract the Washington, Balti- more & Annapolis could obtain power from some other source with- its_rights to_enter | Wagner explained. in the financial dis- is that Washington, il ers say they have no plan for such a | disposition of the property. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY PORTLAND, Oreg., May 30.—Trad- fnz in wool has become much more active, with Oregon fleeces at 28 to 30 cents a pound in the grease. There is still wool remaining in Idaho or Washington, most of it having come | tnto Portland for storage and to be sold later. BOSTON. May 30 ‘There are ru- mors here that the Postum Cereal Co. is about to acquire the business of Walter Baker & Co.. Ltd. of Porchester, one of the oldest choco- Jate manfacutrers, which has been in existence for 1 e FORT WORTH, )ld\ 30.—The first 1927 Texas wheat reached the market a fortnight ahead of the first ship- ments of 1926 and brought $1.25 a bushel at Seymour. The wheat tested 6. KANSAS CITY, May 30 ment manufacturers and dis have not been particularly success- ful in maintaining volume of sale: Demand for harvester thrashers h: fallen off in Oklahoma and Texas, al- though still fairly good in Kansas. DETROIT, May 30.—Retail sales of Graham Bros.. trucks and commer- s1al cars, together with overseas ship- ments broke all previous records for the year during the first half of May with a total of 2957 units. Of these 603 units went over seas and 2.354 Were delivered at retail in the United States. CHICAGO, May fay 30.—Sheet metal 1s In heavier demand in this terri- tory at the recent price advance. Buying is holding in good volume with mills running 80 to 85 per cent of capacity. Pig _iron holds at $20 & ton here for No. 2 foundry, and this market is quiet. GRACE LUTHERAN CHURCH CORNER STONE IS LAID Dedicatory Services Attended by 500—Edifice to Be Ready Early Next Year. The corner stone of Grace Lutheran Church, being erected at Sixteenth and Varnum streets, was laid yester- day afternoon at dedicatory services conducted in front of the Gothic structure, now ahout one-third com- pleted, at 3 o'clock. Approximately 500 members and friends of the con- gregation attended the ceremony. ~ The principal address was delivered by Rev. Dr. Walter E. Schuette of Sewickley, Pa. The pastor of the Grace Lutheran Church, Rev. Dr. G. E. Lenskl, officiated in the laying of the corner stone. Others taking part in the ceremony included Rev. Dr. E. N. Meuser and Rev. Dr. Reginald Steinmeyer. The new church, which is to be ready far occupancy early next year, will accommodate a congregation of about 500. William Lehmann is presi- dent of the congregation and the building committee is composed of C. D. Volland, C. ¥. Umhau, Earl Haislip, Leon Chatelain and Leslie Brown. ‘The finance committee is composed of Nicholas Miles and Charles German. FEAR OF RAIDS HURTS NIGHT CLUB BUSINESS By the Associated Press. LONDON, May 30.—West End night elubs apparently haven't any more chance of escaping raids than sex plays in New York. Therein lies the reason for the closing of the Chez Victor Club and the reports that a number of other similar clubs will soon give up thei “There is too much suspense in| night clubs,” declared Signor Victor Perosino. the manager of Chez Victor, who is converting it into a regular cafe. “Many prominent men—including lawyers and politicians—tell me they spead their evenings in night clubs a raid with its unwelcome Chuh managers say the police are too free in raiding night clubs, but many of the raids have shown that attendance was not confined to mem- bers and there have been repeated proofs of violation of the lquor Ycensing laws. Money “to Loan it deed of trust on real estate e 42 ity 420 W‘lnl . L. . ‘l‘mn by firet Provailin; ; Joleph L MORTGAGE LOANS 51/2 %—6 % | spite the’ very ployment has not yet recovered to llm{ MoSE ot the imill |BRIGHTER RACING GARB | | for brighter racing | theater are turned out, a number of FINANCIAL.” Wall Street Briefs NEW YORK, May 30 (#).—The Ne York Stock Exchang the Curb M: ket, the Cotton ange and other securities and commodities mar- ets will be closed today in observance of Memorial day e George B. Cort the Consolidated ¢ has been elected ¢ committee of national utility ass tions representing the gas, electric and street railway industries of the | United States. Philip Gadsden, | vice president” of the United States Gas Improvement Co., Philadelphia, was elected chairman of the executive committee, and Stephen Davis, former- Iy justice of the Supreme Court of New Mexico, was appointed counsel. manufacturing industries, the manufactured per ine d 34 per cent since vs a review by Dominic & Dominick, investment bankers. De great prosperity, em.| In quantity earner The number of wage: ‘turing districts than in 1:\‘!‘.‘ nufactured hl\\ figure of 1919. earners in the manu now is 6.7 per cent | while the quantity w increased 25 per cent. 34 per cent increase in productivity is chiefly due to the introduction of ma- ¢. The horsepower ‘my»lm.rl‘ 22 per cent from 1913 10| THREATENING DANGER| 1 Move Launched by Club to Interest | Women Getting Beyond Control. | By the Associated Press | LONDON, May 30.—In their drive Jockey Club offl cials at E v _gone too far, they believe, g that a danger ' cloud has appeared on the horizon indu ting that the sport may become “effeminized.” The brighter racing campaign w started with the view of int more women and more color in dress at the track, but, Jockey Club mem- bers say, now there are signs that the movement is getting out of control. The rapid incursion of women at the races this season has more than surpassed all anticipation and ex- pectation. Not only do they turn up in their own automobiles but on their own motor cycles. Women are not allowed to be jockeys yet, however, and only train unofficially; nor has the Jockey Club opened its exclusive portals to them, but should a woman's jockey <lub be formed there would be hundra!s of eligible members among prominent owners, ACTORS ADHERE CLOSELY Artists Observe Peculiar Customs, Believing Violation Brings Misfortune. By the Associated Press. BERLIN, May 30.—Since a stage superstition holds that a play is bound to flop if, during rehearsal, children who have been smuggled into the enterprising Berlin urchins have made it a custom to sneak into the house during rehearsals. The strength stage superstition may acquire is demonstrated by a well known actor now playing in one of the west end theaters. Whenever this artist is on the way to the theater and finds that he has forgotten some- thing invariably chooses a roundabout route to return for it, even using the servants’ stairs and clambering through his bathroom window. One of Berlin's most popular co- medians, who also has the reputation of being a three-bottle man after the show, is frantically superstitious about switching off or blowing out the light in his room. To preclude such a_ fateful emergency” he un- dresses by the light of a candle, which he then extinguishes in a basin of water. “DOLLARIKA” IS LATEST EPITHET FOR AMERICA German Press Adopts New Term to Replace “Dollar America” in Referring to U. 8. By the Associated Press. BERLIN, May 30.—Always -1 thef hunt for new epithets for the United States, some German newspapers have hit upon “Dollarika,” an expression coined from two words, “dollar Amer- ica,” which have become threadbare. While the press never fails to men- | tion “the land of the free” in connec- | tion with the theater ban in New York City or the book ban in Boston, it al- ways dubs the United States the “land of unbounded possibilities” when re- porting phenomena like the 207 per- sons with income of more than $1,000,- 000, the Mississippi floods or Big Bill Tilden. In this vein was the play given a photograph of the powerful new elec- tro-oil locomotive. The picture was headed “The biggest locomotive in the all | wage-| The resulting | ! TO STAGE SUPERSTITIONS | THE EVENING DENAND INCREASES ' FOR COTTON GOODS | Price Starts Upward as Sales Grow—Fine Material First Affected. YORK, May 30 the sthing in the world, are on their upward in_pr Better still, from the viewpoint of the swer and the textile manu- facturer, th fact that the den i vancing at an even faster pa Actual sales from January 1 to d: show an improvement of fully 40 per cent above those for the first five months of 1926, and indicatior point to continu i for ¢ way however, at a profit, wher not quite e well st ad cotton. Attributed to Quality. ctivity in domestic (l(‘mmlh for cotton seems attributable largely to the improved quality and st which have bheen injected into the Chlthn st il DKo hmyon wix tures. The improvement has been more striking in the Northern mills, since the latter were in poorer shape, but the Southern mills have prospered equally. Many mills arve sold as far thead as July. Unfilled orders of the | cotton textile merchants of New York total approximately 475,000,000 yards, while surplus stocks hel ) ew York merchants are near 100, l!\\fl 000 yards lower than a year ago. The combin of cotton and rayon long time coming sbout, since of the old-time mil declined to the step. Its effect has been fully pparent, especially in hosiery. Nearly two-thirds of the stockings manufac- tured in the United States now are of cotton or cotton mixtures. The pro- duction of all-cotton hose fell off 17 per cent from the ouput of 1923, but the production of all-silk and all-wool hose fell off 44 per cent. These losses were offset by the increase in cotton and rayon stockings. Make Airplane Covering. Perhaps the most celebrated fabric made this vear was the cotton cover- ing for the Spirit of St. Louis, the air- ards of tape of the on this machine and fabri r type is now being used by aeronautical engineers. More than 1 of cotton fabrics have been sold from J 1 to date. Some of this was ed for export and the fact that foreign demand has revived is one of the most satisfactory indica- tions of the trade. The tire output of America this year is expected to be a 10 per cent higher than in nd fully 60 per cent of tire out- put will be of the balloon type. This means improved demand for cotton fabrics used in the manufacture of these commodities, and has led to increased v and production in many plants devoted to tire fabric manufacture, Shows in Finer Goods. fabrics, according to textile men, will be more apparent in the finer goods than in the coarser cloths. This is due to the fact that the flood damage in the Mississippi Valley has chiefly affected long staple cotton. If the waters recede in time, a part of a| crop of this finer grade cotton may be | put in. The extent of the increase in the de- mand for rayon for use alone and in combination with cotton can be esti- mated from the fact that new plant production in this country will be in- creased by 20,000,000 pounds this year. This will increase present capacity about 33 per cen Ignorance gives a sort of eternity to prejudice and perptuaity to error.—Robert Hall. Prompt Action First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. — e We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street world—wher: and below, the an- swer, “Of course in Amenica.” ULY will bring you The First Mortgages hand, offer a steady ated in value slnco company, No investor in these suffered loss in over recommend them for ments. it oy o T oted What Price Rainbows in JULY? funds from maturing investments. How will you re-invest? In a market like the present one the ulti- mate cost of stocks or bonds of rainbow promise may be disastrously high. offered by Swartzell, Rheem & Hensey Company, on the other income with a high factor of safety—they have never fluctu- the founding of the sound securities has fifty-eight years. We your July re-invest- Swartzell Rheem & Hensey Co. NMortgage Bankers 727-15th. Street, \.V., Washington.D.C. 58 Years Without Loss h.) An Investor. i i R A - e ‘The increase in the cost of cotton | Cotton | most widely used material | | | ,000.000 square vards | | STAR. WASHINGTON. D. C, MONDAY, MAY 30, 1927. REAL ESTATE LOANS BUSINESS, APAKTMENT. CHURCH. HOTEL. THEATER. RESIDENCE. AND GARAGE PROPERTY. CONSTRUCTION LOANS, FRED T. NESBIT 1010 Vermont Ave. Maln 9392 Mortgage Money Loaned At Low Interest Rates Feonomie_Conditions Tyler & Rutherford Loan Correspondent Mutunl Beneflt Life 1520 K Street =~ Main 475 it v and it costs ou lexs Mens Sults, 95c Buck & Company BROKERS Established 1018 Stocks Bonds Grain Cotton Write or call for weekly mar- ket letter. No Obligations BUCK AND COMPANY Evans Bldg. 1420 New York Franklin 7300 Ave. LOANS—— on RESIDENCES APARTMENT'HOUSES BUSINESS PROPERTIES In Washington or Nearby Maryland, in Large or Small amounts at The New York Life Insurance Company Offers to Make First Morigage Loans On Improved Real Estate in the District ot Columbia and Nearby Suburbs in Montgomery County, Md., for 3, 5 or 10 year terms on your 5% Anply Office Building | Business Prcperty | Home Apartment RanpaLL H,. HAGNER & COMPANY MORTGAGE LOAN CORRESPONDENT 1321 Connecticut Ave. Telephone Main 97C0 Equitable Co-Operative Building Ass’n JOHN JOY EDS( w. \LTI‘R PRATT, rretnry Orgai ‘ll.ll 4ith Y \ll COMPLETED Assets. . A51.83 Surplus. : .$1,416,881.04 President Subscriptions for the 93rd Issue of Stock Being Received S YSTEMATICALLY A In the Equitable A week gone by without saving something is a week lost never to re- turn. Start now saving a little each week in the Equitable, and a few vears hence you will be amazed at the results. FINANCIATL. 5%%% WM. H. SAUNDERS CO., INC. 1433 K St. NW. Main 1016-17 Loan Correspondent Provident Mutual Life Insurance Company Desirable Offices Saul Building 925 15th St. N.W. Desirable offices in mod- ern elevator building lo- cated in heart of financial A Third of a_ Century’s S Increasing Your Profits —from rental property is our sole aim in man- aging it for you. By at- tending efficiently to every detail and keeping a careful check on all op- erating costs we fre- quently increase profits sufficiently to more than pay for the service we render. B. F. SAUL CO. and real estate section. May be rented as single offices or as suites on lease to suit tenant. All outside rooms. Reasonable Rent B. F. Saul Co. M. 2100 925 15th St. N.W. — G. M.-P. MURPHY & Co. Members New York Stock Exchange Buccessors to JOHN L. 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LAMBORN, Treasurer. VAL WILSON, Secretary R. ULLMER, Asst. Treas. Auditor, Natlonal Savings & Trust Co. 60th Oldest Savings Institution in the District of Columbia Year Cor. 15th and New. York Ave. WILLIAM B W