Evening Star Newspaper, August 25, 1927, Page 13

AUGUST 13 ment trust that most nearly answers to the Brtish model, Let us see what are some of the re. strictions imposed upon_the trustees of this kind of a trust. We may take | | for example the regulations control- | ling one of the best known of Ameri- | can corporations of this kind. In the first place this trust may not invest in any “new or unproven enterp: | This is a precaution which individual nvestors might well copy. There is| always risk In any new undertaking, whether it f: ply 2 new company in an old field or an organization in an entirely new line. It may be objected | this rule deprives one of possible | and so it does. It also ge losses. | md p no securities | purchased unless relfable in- formation concerning them is obtain able. If investors followed this rule | they would save enormous sums of | money. n Maine would not | hn buyi a THE EVENING STAR. WASHINGTON, D. C., THURSDAY, are cutting down the|about $1,550,000,000, In 1924 the crop, size of the present|aggregating 13,639,000 bales, brot omoly of the [§1,739,000,000, or 24.27 cents a pn\l"d ve invari-|" This year the trade is confronted |recognized authorities and statistic.ansi nd hard [with a surplus from la on of{and they may have to pay dearly » meant | 7,238 bales. more th alf of |later for their lack of foresight. increased [which 1s in the hands of spinners.| The attitude of the spinners last | This must be add>d to whateve . according to some economists. from |produced this sea Theoretically | \was the worst sort of policy, since it nds on | the carryover is nesrly five months'| pjigad the farmer to sell his cotton t crop | Supply for spinners, but the latter find | 3¢y average of 315 cents a pound Last |it ne ¥ to ) to twol - than it cost him to grow it and 0 ln[w"""””" rle on hand, (wl him financially, so that this urplus. Is cut to three months he ix unable to buy insecti- {cides to fight the boil weevil, which menaces the crop. onsumption is running on the t scale ever known and there is veason to helieve takings will ap- proximate 17,000,000 bales unless the pric ahove 25 cents. If the surplus shrinks to 3,000,000 bales. nt figures go to prove that | the price will advance to around 30 cents a pound tion. In the trust we have selected for | degree of prosperity. temporarily ag.-. an example it is provided that not|least, in one or more foreign countries more than 70 per cent of its resources | than there is at home. may be invested in securities “originat ally the restrictions requite the Ing in the United States, mor more ources of the trust to be divided than 55 per cent in England, nor more ong various classes of securities. than 35 per cent in any other coun-| zovernment, raflroad, industrial and try.” Perhaps authorities would dif-| public utility. If the management is fer as to the wisdom of limiting the | competent and the capital large amount of money to be put in Ameri- | cnough to allow of this extensive d can securities. Nevertheless there i3/ ication a high degree of invest something to be said mn its T safety is larger return is possible it proportion of foreign stock: are included and some da come to pass, improbable as it now seems, when there will be a greater! rom this policy and hope to repeat. nd conditions are against however, according to ‘ 4 weevils spects of the. rop daily. SEELARGEINCONE ¢ {ably broug FROMCOTTONFIELD - Producers Expect $300 000,- T.F"E e south u 000 More From Small Crop /¢ Than From Large One. EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. generally Investment Trusts—British Model. Probably the best form of inves ment trust for the average small in-| vestor is ona in which the trustees| e restricted by certain general prin- | ciples as to the securities they bu; but within these limits have full fi dom. This is the kind of an inves £|xo more than 800 playe: ¢ sent from America »outturn, | With this situation before them, |1 b ok since 1921 | spinners are not buving ahead in big exceed |volume. Those making forward con reports | tracts are buying all and refusing | to fix the price, : his [a rising market | spinners have hedges |account in the future market with the {vizht to buy in these hedges at ar me and thus fix the price of their Bearish Attitude Alleged. | e animibs it the pres In the may b —— = a pound is not iction - a8 comy age price of $66.73 a o n indus- rnment | than | best posted men in the cot try, therefore, expect the timate to be reduced rather {increased. The developments in the raw cot- | ton situation seem to have thrown |some of the New England mills into deep confusion. About 900,000 spin- | ‘hd leaf worms do tremendous | dles are idle in Fall River, some mills iamage and all have been fostered |are working only two da week | the wet weather. Some of the and others are considering closing. Special Dispateh to D | Value Estimated by Association. | Farmers' Marke ocia- | placed a value of cents | + pound on the crop and cilled on | o United States produced 15,000,- |growers to hold out for that figure nd‘If the crop brings 22 cents on the Menaced by Pests. owner in Texas would not be b whan lots on Long Island he value of which he has no informa- | to! Next comes the factor of diversifica- The weevil is not the only insect The spin are opposed in ti to be feared. The army worms, bearish attitude by the growers by professional traders, but the spin rs reaped a golden harvest last year Sale Takes Place at Phillip Levy Co.—/3> Seve Co.—735 Seventh St. N.W.[ St —and Now “The NATIONAL” Offers From Phillip Levy’s Stock 9x12 000000000000008 0000000000000 FROM EXCHANGE DEPT. 9000000000000 0600000 & 06000000000 000 $ * * * * ° § * * * * ® ° 2 d & 6x9 Grass Rugs $1.49 $esecesssessscscecse 0000000000000 04 7000000000000 00- $49.00 3-Piece Duofold Suite $29.50 FROM EXCHANGE DEPT. WQW”OOOOOOQ00000000000000000‘ $24.50 Mahogany-Finish Tea Wagon, $9-95 $0000000000000000000000000000000003 SE00000000000000000000000000000000% $14.75 Mahogany-Finish :Davenport Table $4.95 $12.75 Mahogany-Finish Radio Table, $4-95 0000000000000 00000000000000000000 & ™ ) - T Y e B e B2 7O = = T 6™ = = =T 7 BT 5 o e T = = O L2222 22222 060000000006 Laad L4 000000000000000 0000000000000 00 L4 * * * * * * * i * § * * * * * * * * * * * * * * § * PITTTTTITTTLLIN b4 * * i b4 * * b4 * * * * b4 b4 * ° * * * * * * * * * Coosoososssced =3 LN O] ST - I ON [ e | $39.50 Mahogany Finish Bed Davenport $177.50 FROM EXCHANGE DEPT. == 1000000000000 0000009, Velvet Rugs $6.95 FROM EXCHANGE DEPT. 0000000000000000000 30—9x12 Axminster In Tbese Final Days We Have Made Drastic Reductions on the Remaining Stock at Oxtra w Drices/ USE YOUR CREDIT 00000000“0000000“‘ 8x12 Velvet Rugs $ 5 95 FROM EXCHANGE DEPT. ‘ 2000000000000000000008 > 19000000000000000000 8x10 Axminster Rugs $5.95 FROM EXCHANGE DEPT. 0000000000000 0000000 > T34 900000000 00000, 000000’000000“ § $ $ $ $ 90000060000 000. 0000000000000 ‘“0000000“000 ” b4 FROM EXCHANGE DEPT. Living Room Values $89.00 Overstuifed Suite, 3 pieces . . $39.50 $139.00 Overstuffed Suite, 3 pieces $78.00 $109.00 Mohair Suite, 3 pieces . . . . $59.00 $139.00 Jacquard Living Room Sulte, 3 pieces . . . . $89.00 Cane Living Room Sulte . FROM EXCHANGE DEPT.—SOLD AS IS. Dining Room Values $98.00 Dining Room Suite, 3 pieces . . $39.50 Buffet, China Cabinet and Table . $44.00 $89.00 Dining Room Suite, 6 pieces . Mahogany "Veneer Buffet, Table and 4 t.hulrs $119.00 Dining Room Suites, 7 pieces . $69.00 Buffet, Table, Server and 4 Chairs $104.00 Dining Room Suites, 9 pieces . $59.50 Buffet, Server, Table and 6 Chairs $98.00 $189.00 Dining Room Suite, 10 pieces FROM EXCHANGE DEPT.—SOLD AS IS BEDROOM VALUES $119.00 Bedroom Suite . . . . $59.00 $169.00 Bedroom Suite, 3 pcs., $89.50 $189.00 Bedroom Suite . . . . $98.50 $209.00 Bedroom Suite . . . $109.00 $289.00 Bedroom Suite . . . $185.00 FROM EXCHANGE DEPT.—SOLD AS IS . $79.50 $39.50 00000000000000'0000‘ Grass Rugs $7.98 0000000000000000008 RUGS *8” % 9000000000000 0000062 8x10 Grass Rugs $7.49 00000000000000000008 00000000000000000008 6x9 Congoleum Rugs $2.98 9000000000000 000000 9x12 200000000000000 D NO0009000000060 09000000000 000 GO0000000000000 P00000000000000 Sizes 3x3 and 4x6 $1.98 FROM EACHANGE DEPT. $0000000000000000000000¢ 00000.0000‘ $169 Overstuffed Bed-Davenport Suites, $98.75 FROM EXCHANGE DEPT. 000000000000 00 30000“ 20000000 03 $ * 3 $ * * ® ® * § * * * ® * * ® ® ® 3 ® * b * Q00000000000000000000170000000000002 $12.75 Walnut-Finish Day Bed, $3-98 Without Mattress FROM EXCHANGE DEPT. 2000000000000000000000000000000000° 2000000000000 0000000000000000000000 Full Size Metal Bed, $1-98: * 0000000000000000000000000000000000 4 A2 2222222222222 900000000000 g 22222 00009000000 ¥ S A L E T A K E S P L A C E A T P i | L L I P L E y Y C 0 7 3 5 S E y E N T H s T N W) (501 Ninth S¢. N.W.) FASHION SHOP Sale Begins Tomorrow (Friday) Morning at 8 0'Clock And Will Continue Until All Odds and Ends Are Sold ; hl::‘l ;\ddlx and ‘Lnlls of the Clothing and Furnishing Department of both Fashion Shops gathered together on sale at our 9th Streets Shop, 501 9th Street. Soen Here and there a lot of missing sizes; a handful of this, a lot or two that got a bit soiled through ha ndiing or passed a little time in the show window. All rounded up for one grand get-out! And look at the ridiculous prices. It would have been just as easy for us to lose them out to one of those “dealers” who buy up odd lots—but we would rather let our friends have them! They're entitled to them— and what a bargain day it will be around here! Clothing Department 1 Suit—Wool ; v_with black pm stripe. model. Size 36. \\as $25.00. Now. 1 Suit—Cheviot ; knicker: Double-breasted ; o ---$9.00 ancy gray; four-piece suit; lo; ts Size 3. Was $25.00.” Now.... ke L 1 Suit—Fancy plaid, four-piece; Size 36. Was $35.00. Now......... 1 Suit—Wool, tan plaid; \orfnlk tailoring. Size 37. Was $45.00. Now.... 1 Suit—Wool, Cheviot, 2-button, single- hrc.\s!cd nm'ciel bluish Slightly faded. Size 36. Was $25.00. . 1 Qut—(he\mt ray, 2-butt 1 b el \m% y on, single-breasted model 2 Pllrs Wool TrnluersAShghl!) iaded Were $6.50. Now . 1 Suit—Wool, blue gray; finelv tallnred' young men's straight-front model. Size 38 Was §50.00. Now $14.00 7 Suits—Palm Beach, assorted shades, single and double breasted_young men's model; narrow trousers. Sizes 33, 34, 35. Were $1500. Now. -.$3.95 9 Pairs Cnllegmte Trou:er-—l\smrted hght patterns. As- sorted sizes. Were $8.50, $7.50 and $6.50. Now $3.95 9 Pairs Knickers—All wool. Small sizes only, waist 28, 29, 30. Were $7.50 and $8.50. Now. - $1.95 4 Pairs Knickers—Of finest \\hxtc abzrdule Waist si 31, 32, 33, 36. Were $5.00. Now. d .ms sil‘z(;; (o Peirs Knickers—White tinen, Were $3.50. Now o ciiene - $1.45 12 Panrs I\mckers— ine qualn) Linen Knickers; plam white and plaids_ (Slightly soiled from handling.) Assorted sizes. Were $5.00 and $6.00. Now.. . $1.95 5 Pairs White Flannel Wool TI‘OHSC"—SJZES, waists, 28, 30, 31, 32. All narrow legs. Were $7.50. Now.. o $1.00 5 Suits—Gray Tropical Worsted, with 2 pan!s. izes 1/6, 1/7, N3, 1‘) 1/2. Were $2500. Now ....$10.95 4 Suits—Imported Irish White Linen (slightly soiled). Sizes | 175, 146, 1/7, 1/8. Were $15 and $16.50. Now. $5.95 3 Suits—Natural Palm Beach (slightly soiled). Sizes 2/44 -$4.95 lnng pan(s and knickers. $14.00 Rochester $14.00 model fine gray. Slzcs waist 30 and & $1.95 assorted sizes. stou(s, 1/46 stout. Were $15.00. Now o 2 Tuxedo Suits—(finest quality Mohair) finest ta:!ormg and silk trim. Sizes 1/34, 1/35 (narrow trousers). Splendid for orches- ! tra or stage wear.) Were $45.00. Now.......... $9.00 3 Suits—Gray Flannel (blue and gray stripe). izes 1/34, 1/38, 1/40. Were $25.00. Now. “ $1|00 3 Suits—Wool, Light Gray (3- bunon smgle brea‘lctl college model). Sizes 1/34, 1/36, 1/40. Were $45.00. Now .o 21$17.00 3 Suits—Wool, Light Gray (2-button single- breastcd model). Sizes 1735, 1/39, 1/40. Were $45.00. Now. <o vosvse SO0 . 3 Suits—Hard Worsted, Gray, Conservative (3- buuon model). Sizes 1/37, 1/38, 1/42. Were $45.00. Now $17.00 2 Suits—Gray Herringbone (double-breasted young men's model). Sizes 1/38, 1/40. Were $39.50. Now. ... $14.00 1 Suit—Wool Cheviot, light gray—finest I\ocllt>lcr lan] i (3-button college model), slightly soiled. Size 36. Was $: light gray (2 button smglc breasted $35.00. Now . Wool Cheviot, light tan (ibuuon model). Size 42. Was $35.00. Now. ot 1 Suit—Cheviot \\(mI powder blue (2 model). Size 40. Was $35.00. Now 1 Suit—Cheviot Wool, light gray (2- model). Size 40. Was $35. Now light gray Was $40.00. Now. 1 Suit—Herringbone Cheviot, breasted model). Size 40. 1 Suit—Hard Worsted, dark blue-gray (2-button’ breasted young men’s model). Size 37. Was $50.00. Now. $19.00 1 Suit—Blue Serge, finest Rochester tailoring (2-button, \halghl front young men's model), narrow-legged trousers. Size 38 long. Was $65.00. Now..... 19.00 1 Suit—Blue Unfinished Worsted (dou!)IL breasted model), mismatched. Size 40. Was $55.00. Now 4 Suits—Mohair, dark colors. S)zcs 1/36, 1/37 v $H button single- 6.00 “Single- 19.00 8;5 1/40. Were $1 $45.00. Now.... Furnishing Department 540 Collars—Arrow— 49 Shirts—slightly soiled. W ere up to §200. Now...... 87 Shirts—slightly soiled. Were up to §2.50. Now.. 29 Athletic Union Suits. Size 36 only. Were 75c. 76 Silk Ties. Were $1.50 and $1.00. Now ... ‘{? 5 Suits Pajamas (slightly soiled). Were 5200 and $2.50. . 89¢ Ide—Manhattan. Were Now. 2 Sweaters (slightly soiled). Were $330. Now 17 Pairs of Gloves—white kid—some soiled. Were uo- - -$1.69 S Pairs of Gloves—buckskin lmghtl\, \Ovled) ow 47 Shirts—Americ Were up to $5.00. Now - 3 Bathing Shirts («hghfl\- 3 Blanket Robes. Were 2 Terry Robes (slightly 9 Silk Shirts (slight up to $10.00. Now 46 Wool Hose—odd most famous mak soiled). Were $2.50. Now .00. Now.. i iled). Were $5.00. soiled)—faded from dxsmay Now NO ALTERATIONS, NO CHARGES, NO EXCHANGES, NO C. 0. D’s ALL SALES FINAL—NO PHONE ORDERS te Tashion %o * 9m& E 501 Ninth St. N.W, Store Only