Evening Star Newspaper, September 6, 1927, Page 13

THE EVENING STAR, WASHINGTON, “COAL MEN TURNING TOSBENGEFOR D Processing of the Mineral Fuel Progressing—Gas An- | other Big Help to Industry. BY J. C. ROYLE. al Dispatch to The Star W YORK, ion of the js bad, but its pi 1 wre improv of the last le from and freight rates impossible to 1 into prosperity. The cold f there are too man mines many miners. Too much coal can be produced for consumptive demand. The moment the price advances to a profitable level, too much coal produced. The soft coal fields are affected by a str bee sat —The today the fu result of develop September 6 mechanic few mon squabbles it has over lahor been found islate industry ments. had the worst known for vear not in progr operated Summer they have Most of them have verage of only four d: The operatos TR TR A e lost a lot of their customers in the|the supply of petroleum is lessened, last strike and the situation has not| coal distillation | most importance. been aided by the low price of oil and soft coal. 0il Serious Menace, a serious menace. Many new build ings are equipped to burn oil instead ! 0il, the anthracite men declare, | Heretoiore one-third of the coal mined in Summer in the Iazel-| p ton district went to Buffalo for trans shipment to points West. This vear the demand has ‘fallen off one-half Even in the heart of the coal re »ns sales have been slack, for many neerns which cut prices outside d to. do near home. This aroused more than a little animosity The trend has heen so severe that it has affected the coal country mer chants and they asked to e n {aid in boosting the use of anthracite | the hard is | ce, but even so enough coal has|but not at once. produced in non-union mines to | familiar with the process estimates ¢ the greater part of require.|that sufficient liquid fuel will be vro The anthracite mines have |duced from one ton of coal to yield when a strike was|a ton of to 700,000 surface in about two There are about 600,000 is of coal now on the coal fields, Lehigh 1doned the load it and this, the company mak t unprofitable Now for the other side of the coal picture. The processing of coal is ressing both in amount and meth:. First in importance comes the news that dard Oil of New Jersey h bought the process r to a German method of turning coal into liquid fuel. This will d coal, One fuel engineer Coal Co. has v sizes Valley o re aims, $8 at present gasoline prices. Since thracite now vields more than that at retail and a ton of bi nous almost a much, practically ing would be gained. But w will become of ut Next in importance is the process. ing of powdered coal of powdered coal has been thoroughly proved. The trouble is that it ot be transported or stored owi the dangzer of explosion. I . has to ha chinery for powderi cannot be done o the carbon vilvoad trains in_industrial But the powde coal can into briquettes with an oil and this side of the industry leveloped G 1 further than any aind in it fuel engincers see the hope of the coal industry until other | ind the use of by-products re the turning of coal into ing constantly. MORE WINTER WHEAT Bas is grow PLANNED IN MARYLAND | BALTIMORE, September 6 cia.—Farmers of Maryland have in mind to sow 27,000 more acres of Winter wheat this Fall than in the Fall of 19 that is to say, 571.000 ] a 544,000 in the according to John agricultural statisti The intended . says the statisti cian. is 8 per cent less than th 1ge of sowings for the five-year perl 1909-1913. Two hundred and fiftee: reporting for their own urnished the data timate of intended Dennee, ian for the 19 The fuel value | of the oth ‘| when he (Spe- | ) EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES, 1 “Averaging.” o 3 between investment impossible to define | so.the difterence between the investor speculator is a_matter of Every investor likes to feel security he has purchased nee to advance in market no speculator is adverse | to having investment quality in his | speculation, The speculator can look out for him- | self but the investor invites trouble speculative urge to s is particu- 2 long period tock market » trend is reversed and quotations | turn _downward. The investor who has hesitated to enter the market while it was advancing least be should yay a price not warranted by value nds himself strongly tempted when he sees the decline. The danger is that instead of considering his prob- lem purely from the standpoint ef one who wishes to purchase a stock for permanent holding he will buy it be- e it is now selling below what it a month or two ago. Nothing is more difficult than to pick the hottom of a decline. Just as stocks always go higher than funda- mental conditions warrant in times of universal optimism, so they go down tar below anything justified by trade depression. The investor who makes and the degree, nd cloud hi | 1arly the case when af! | ot vising prices in th e in one of these periods of rices is too apt to tr ANNOUNCES Starting Wednesday A.M., at 10 O’Clock He will sell at Public Auction the Entire Remaining Stock of Refrigerators and Household Furnishings cover a paper loss on his investment by attempting a speculation. The only safe rule is to buy only in such amounts as one can afford and not try to average by adding to one’s holdings if the market goes lower. In case the investor has other funds he would do better to buy a different security. of the market well. did not (ry to ave he found he had m first commitment said: profit in being wrong.” It is not necessary for an investor to dispose of his ‘stock simply because the market goes lower but neither is it necessary for him to add to his hold- ings on ‘that account. Better take a different stock, n error in his .. A bacterial disease which is deadly to the prickly pear cactus is to be introduced into Australia to combat the cactus pe: | Quickrelieffrompainful Jff corns, tender toes and ( pressure of tight shoes. LM O Auction Sale! Adam A. Weschler . . . . Auctioneer THE PHILLIP LEVY COMPANY Consisting of Furniture, Rugs, Stoves, Lamps, saie Takes pace a1 THE PHILLIP LEVY COMPANY 735 SEVENTH STREET N.W. e TR T S e S i £ TR £ el R NAT and will continue until all merchandise is sold THIS SALE IS HELD TO CARRY OUT THE ORDERS OF THE NATIONAL FURNITURE COMPANY THAT EVERYTHING MUST GO NOTHING CAN BE MOVED TERMS STRICTLY CASH Remember— SALE BEGINS AT THE PHILLIP LEVY STORE 735 SEVENTH STREET N.W. AT 10 A.M. TOMORROW .= - IONAL FURNITURE COMPANY N.E. CORNER 7th AND H STREETS N.W. TUESDAY, SEPTEMBER_ 6, Speculators understand this maxim | One of the most | famous of them in explaining why he | e down when | Bernheimer-Leader Stores. the largest 1927.° BIG BALTIMORE STORE SOLD TO MAY COMPANY | Other Concerns, in Capital and Elsewhere, Said to Be Sought by Operators of Chain. BALTIMORE, | department store in Baltimore, has “wDhere is no | just been sold to the May Department | Stores, operators of five department stores In the West and Middle West. No figures were given as to the actual cash involved in the sale, but it runs well up to the millions as the WILK September 6.—The | BREAKFAST Bernheimer-Leader Stores are sald to have done a business of approximately $10,000,000 a year and the ground and building recently erected repre- | sents an investment of close to $2.- | 000,000, The May Co., which operates stores in Cleveland, Los Angeles, Akron, | Ohic uis and Denver, is sald be seeking other stores in the East |and contemplates acquiring stores in | Washington, Philadelphia, and New York. . A rew canning process invented by an Italian is said to make the canning of fish more practical for tropical countries. o PRICES ON PARIS BOURSE. PARIS, September 6 ().—I" were irregular on the Bourse { | Three per cent rentes, 58 francs “i% centimes; exchange on London, 1 i francs 2 centimes; 5 per cent los | france 25 centimes. The dollar quoted at 25 francs 51% centimes | EARNINGS INCREASE. | _NEW YORK, September 6 (#).—t | New York Steam Corporatic | heats m fice buildings, earned $16 on the common stock in th June 30, against $12.49 a vear before year e share 1 OUR favorite drink is now three times sealed in the INS very finest carton by this newest known method: FIRST, a moisture-proof glassine container seals in the rich, fresh- from-the-roaster aroma (this alone gives all the benefits of a bag). NEXT comes a cardboard carton. This, too, is sealed and further pro- tects the quality of the coffee inside. LASTLY, a tight wrapper is ma- chine-shrunk on, around the entire carton. It absolutely air-blocks all crevices and openings. ATMOSPHERIC conditions and age cannot destroy that “Just Won- derful” goodness you like so well. Order a half pound or pound carton for its Triple-sealed goodness! road and distance, Penn Oil Co. Main Office: 133:P: Here’s a motor fuel that will' get you off fo aflying start and keep you going strong and steady under all conditions of