Evening Star Newspaper, February 7, 1928, Page 12

17~ ‘ : __THE_EVENING STAR, WARHINGTON, D. €, TUESDAY, FEBRUARY 7, 1928. e will produce $1,000,000 worth of busi-| PLAN IN COTTON BEATEN ich & Shep fn 131 | h s ww i) 'S B € INVESTMENTS ness, and they assert that such a 5 Regeived by Private Wire Direct to The Star Office y { merder might show a delnr'rm,fi nwlnfi' Board of Managers of New York to the loss of the personal touch whicl . - © G & F 8 nid. 100% 1001 1001 BY GEORGE T. HUGHES. each independent store has with its ; UN EURB EXEHANGE Do o T D e New “Vorke Curp| 34 w0l i s ian BRi What Makes the Market Go, BIG STURES NEED customers, | Each side spparently i zx‘:h'n‘; s ;Do'n Exe i a8 wi 100 : 2 perfectly willing to go its own way. * roposals. Market today: 3 o il What makes stocks go up and what peaRetrnd do el afleandoniyie i ¥ Sates in INDUSTRIALR "A 0k makes stocks go down? This is the ered here feel that retail trade pros-|P7 the Associated Pres. Manareds f 4 question often asked by those unfa- i asin = | pects for the next several months are| NEW YORK, February 7.—The board mlllar' W';J(lr ?fiitlfi;mfiflmi ‘g{mlg: Attracting and Ple g Cus excecdingly bright. = Many anticipate | ot managers of the New York Cotton market. Fo C1 J o an increase of e the profess entire familiarity with financial | tomers Problem Confront- | &7, increa hu.:nz-s:ru?m‘;?rm:“&n‘.,r‘m?a: Exchange last night defeated a proposal affairs ask it too, Well, there is only with the totals of a year ago. Depart- | !0 establish a contract for southern de- ohe reason why stocks go up, and that in Reta“ Men ment stores in certain sections un-|liveries and immediately afterward éa- is because some one buys them, and g o doubtedly have been hampered some- | feated a proposal for deliveries in the there is only one reason why stocks go what - during the past month by|South and in New York. Bancitaly One of Favorites. Safeway Stores Gains. 0i's Lag Behind. fotol Prod A P Bar A Dt Arch € 2 Am Br Bov' Bl P anamid A a. Nal e 1008, P& T 1 down, and that is because somebody weather eonditions, but distribution of | The proposal for southern deliveries, R L sells them. BY J. C. ROYLE. seasonal Unes is apparently much more { which was defeated 190 to 61, provided BY WILLIAM F. HEFFERNAN, 'A : i ; I y Think a minute. If the New York Shsdisl Diiavitito: Hiievtar: satisfactory than a year ago. for the delivery of cotton at Norfolk, i e 3 RMER SURSIDIARIES—S1 . iy (o , J00°% | Central Railroad were to go in the | S v : s e New Orleans, Galveston and Houston. NEW YORK, February 7.—Specula- AN 100 Anti Show Ve B o i oyt pricete! i i Ao the Pt e gt o poet b, ORK. 1 o 3 % am Ravon Prod " An on Vi 1ol | the stock would not be affectet ess goods merchants of delivery wl eoT| laws were tive favorttes 1 the curb market con- | i A Soline NV o A Garts O i 101 " | and until_some one sold it. It the | country, arriving nere to attend the| ROLLING MILL ACTIVE. oA a ;;;; v:d snm{.a \:‘l '71‘1 o ;Ir"aa\(afrcl‘x(‘(‘ Y g“::m.“}:m ol & R e The successful opponents of the pro- Union Pacific should double the present | annuai convention of the National Re-| BALTIMORE, February 7 (Special).— $10 dividend, the price of Unlon Pacific | tail Drygoods Association, are a unit|The Eastern Rolling Mill Co. continues posal, which has come up for a vote would not increase unless and until | today in declaring that 1928 will be a |to operate at 100 per cent capacity. It | several times in the past 20 years, said some one bought it. This then does | bad vear for bad salesmen. The mafor- | is understood that C. E. ¥. Clarke, | it woyld have eliminated New York as not answer the question; it only puts|ity of them, on the other hand, believe | chairman of the hoard of the Eastern | a cotfon center. The other proposal | 100 Tmp. 0 ¢ 200 Ind P 1 1ze. This was prob- aby due to t comparativey high selling prices and the fact that their floating supply had been materially re- ' buy? 2 . it in a different form. it will be @ year of excellent profits | Rolling Mill Co. and president_of the | would have included New York.® but i B ey oo 2 bt Why do people buy stocks and why | to the merchant who Is able to adapt | Pennsylygnia Water & Power Co., will | probably would ave diserted much of In hardly any instance was there any B do people sell them? That is not so | his business to present-day trends and | spend some time in Baltimore this week { new_ development to account for the R 108, [simple. In the first place, purchases are | necessities of trade, | Tooking over the plant strength. The favorites were merely be- 4 1 e 2 ing bought because of their specula- | tive possibilities and a desire on the | part of outsiders to seek emnloyment for | 1007 | made for investment. A man buys ‘The merchants have made decided | 1ow | New York Central because he wants | progress in adapting methods to changed the $8 dividend paid on_that stock | conditions in sales promotion and ad- | Sales BONDS R S ally. He seMs Unlon Pacific, sup- | vertising, in store operation, delivery Sy is in th rious sbes " pousands RETGN BONDS annually ing, ore ope 'y plus funds in the various speeu | B O e o posing he s already the owner of that | service and buying, The one thing that ive markets a0 e b Acri M1 i stock. beeause he needs the money the | admittedly concerns them deeply is the Bancitaly Is Faverite. aly was one of the favorites, ad- Imost 10 points before the de- | Newmont _Mining ints. The new ted to trad- | stock will bring. This, however, repre- | question & securing tactful, melem,l sents only a small proportion of the | courteous sales people. That is one of | purchases and sales in a day’s session | the reasons, according to leaders in The bulk of the trading is done by | the industry, for the unusual demand people who are trying to guess when | for young college men and women in other people will buy New York Central | the drygoods business and the advan- or sell Union Facific, hoping to make a | tageous opportunities offered them. profit by anticipating the action of the - investor. Buch buyers and sellers are Waste of Money. speeulators, They perform an eszential One large store executive who spends | service. Without them there would be | thousands of dollars annually on ad- | no market, for tranzactions by genuine | vertising declared today that it was a 4 investors would be too few and far be- | waste of money to spend large sums y. Z 7 tween to establish a continuity of quo- | attracting a customer and then have tations. the customer alienated by untactful Still we have not solved the problem | service. A dealer in one of the larger D 7 FOR G The question remains on what basis | cities instructs his saleswomen ncuer | 7 7 ' v sses, if we mak call | to show a woman a garment which is | g / . 7 o1 1% " 5 Danzie Part A Denmark_51s the continued de- that merely adjusting to that of others in it compared with 7. Safeway Stores } gain, rising 13 S on of Sheafer Pen new, at its | hest prices since listing. was similar to | that of the old shares previous to the up. Public utilities were v a_continued demand for < bond and share and electric - | advaneed too small for her, by any chance what- 4 3 5 We will up that'subject in the next | ever. They fitsyiiry to bring out a gar- % « 7 2 artiole in this series. ment of a laighr e than i3 required, S et merely for the opportunity presented to CORN HAS ADVANCE | 5%iarayy, o Eertainiy do not need a smaller garment.” 1 A Mor | o Wery Oils Lag Behind. ah Mo G with a-series of unfavorable | B < reports confronting them, lagged behind. Vécuum was an excep- as the retail merchants are concerned. | The l.’ll]vsl figures assembled by the | National Association of Credit Men Weather Unfavorable for Moving|show that the department stores lose | ‘The 2 on bad debts only 256-1000 of 1 cent however, and was discounting and Curing the Crop. on each dollar of gross business, and of a substantial stock distri- retail clothing merchants lose only e not distant future. Wheat Also Up. 735-1000 of 1 cent. With figures of of the exceptions of the main | that kind before them. the policy of | attempting to_attract charge account . By the Associated Prose. customers seems unlikely to be changed | CHICAGO, February 7.—With com| There, is a distinct divergence of | export business in progress in . the | opinion among merchants as to the| Southwest at the high basis so far advisability of mergers and consolida. i . + | this season, \Lhc corn rmdhm (lHI.«-‘uons ‘m the ma)lli morrhj\ndb}nw&;m- Headaches may be swiftly and safely relieved by a Bayer " | played notable strength today.: Be-| porations. Edward A. Filene of Boston Rk : ooy , o | ik the weather. was invorghis. for | ooedicies Hbe Ciatoa. o¢ Gepartmen | -ASPiTin tablet. A most efficient remedy, and there’s no after efe_ movement of corn and for curing the | stores, with total sales of a billion dol-| fect; its use avoids much needless suffering. Try it next times {lemon 8 Cpeninyat JaoitoRtic avance, | lars or more & year. He e l‘;\al» see how soon its soothing influence is felt. Just as helpful when corn prices subsequently scored ma- | mass production has made mass dis-| . & 5 " PRy . NEW YORK, February 7 (#).—In-| terial further gains. Wheat started un- | tribution necessary, and adds that un.| Yyou have a cold; neuralgia, neuritis, rheumatism, lumbago. Just dustrial Raryusx; Sarporation pinni ex; | changed to %uc_higher. and kept near | less the drpi;:'lmflll Stores organize o be certain you get real Bayer Aspirin—the genuine has Bayer on nditure of $5,000, or a plant and ! to initial figures. Oats were firm; pro- | conform to the new trend in distril » .t 2 i 3 1 xulnment. efther at Covington, Va., | visions likewise tended upward. | tion methods. chain stores will arise| the Dox,and on every tablet. All druggists, with proven rcy was Fansteel Products. It ropred to a new low Lof 14, still re- ¢ the recent unfavorable dividend 3 | g low priced specialties that "Q at new high prices for the vear were Mavis Bottling and on Syphon. In each instance fa- voralle earnings prospects was the in- cen for the demand. | Am 5s t G s ww 1 w 5w, e ; i Nashvilie, Tenn. F. C. Niederhauser, . = which will combine the advantages of | 4 E 1. DU PONT DE NEMOURS.—Talk or : f .. o .o ¢ 1 X MK G ke Bs vice president, reports. The Cleveland department stores with the others they 3 fl;’;;eonlu[:léhaafi;(fn: ;;iéi)\istmfrsogll, i : < *20Leh Pw te Y plant s operating at capacity. PEI"‘?I‘TY BAK::RIES ISSUE. ;achady possess in other lines. ysu:lans presm Yer lm’ mmon capitalizati ] ) Hoxuten. Chem “ 31 ex % S o N YORK, February 7 (F%.—Chi- . de Nemours Co. again is absorbing in- 1 Hotiana | Furnace L5 ! YORK, Y Lioté: o8 Petsonal) Tewetis d NOT th ll 1 7 1 s 1 eting i .o e:-o dispatches to Wall Street say the et Tt Wall vt o e mecting o | HERE POTATO MARKET STEADY. | rcaplialiation pionof vury Bakeris | Other men’ cqunly a5 prominent tn 1t does | affect the heart 20" mnnn S T st 4 Ty CHICAGO, February 7 (#) (United |Corporation provides that the present | the merchandising fleld point out that| Ao 15 e trate mark of Bager Masafact Monosceticacidester >f Salieslieseid S e It R & States Department Agriculture) —Po- [no par common siock be cxchanged | because che independent department A2 SR AERUETE I B W S SF commn, temiier 108 608 b o Tul B fatoes—Recelpts, 73 cars on_ track, |for new common on the basis of iwo ——— = — WhIh would Seeatints Sl Mamy o " 115 192; total United States shipment. 768 | shares of new no par common for one 5 cars; demand and trading moderate, | sha . market steady. Wisconsin sacked round | $8.000,000 of 5 per cent debenture bonds whites, 1.60a1.75: Idaho sacked russct |will be sold to Tetire the outstanding 7 Burbanks, 1.60a1.75; commercial pack, | per cent preferred and provide addition- - . Ik P I E R C E = 5 . \ ’ . ANTHRACITE” Buy now, Buy right, IN every corner of this country you b e will find one or more fuels being adver- tised as “long-burning as anthra or “clean and bright like anthracite. Either is a catchy phrase, expressive of the hope which burns in the minds of those who have other fuels to sell. Yet they are more than that. They are a tribute to the value of an- thracite as a fuel; an acknowledgment of its leadership in the heating field. Rightly is that tribute paid. For there G O O D B U S I N E S S is no other fuel so safe, so clean, so free from soot and smoke and dust which Men of business value the new Pierce-Arrow burns so steadily without attention at so from a thoroughly practical point of view. little cost. The whims of the moment eddy here | OWADAYS no one will dispute the importance of impressions, and there. But ever there flows on- Otherwise there would be less consideration of how and where ward the steady current of anthracite we live and what we wear. ing of stockholders to guthorize addi- | tional stock, or a stock dividend, which in some quarters is placed at 50 er cent 8. 8. KREEGE CO.—January sales of 8. 8. Kresze Co. rose to $8.657,776 from $7.955.788 n January, 1927, a gain oi 8.8 per cent. McCrory Stores had a gain ©f 3.6 per cent for the month, $2,369,31¢ against $2,285,594. PASOTEX PETROLEUM CO.—The Standard Oil of California’s new sube sidiary, Pasotex Petroleum Co., has been granted a permit to do business in Texas and will start construction of a refinery near El Paso, costing about $750.000 and with daily capacity of 10,- 3()? barrels. It will be completed about uly 1 STEEL AT CHICAGO.—Stee] opera- tions in the Chicago area have been in- creasing rapidly and the rate is now be- tween 93 and 94 per cent of capacity Liinois Steel has blown in eight fur- naces since the first of the year, 20 out of 27 now being active. WHITE S8EWING MACHINE —White Bewing Machine Co. earned $4.54 a share on common in 1927, against $3.98 a share in 1926, profit rose to 3,308,187 from $1,197,565. PAOIFIC TEL. & TEL.—Net income | of Pacific Telephone & Telegraph for | 3027 was 811,976 395, an increase of $1,- 472,166 over 1926, | DONRER BTEEL CORPORATION — Donner Bieel Corporation’s net profit for 1927 declined o $372,193, from i AL jou re of present stock. An issue of . . % ) e A 11174 o " Mith. a4 3 Keith A O pfd wi 1015 2 an Sec 7y n 1 2 & BN 1 17 P Muel 31 Mare Wire fon.. 14 2 Marmon Mot : 1 carl » TIN5 B~ AN cantile €1 € ahr Jron o CREE e TRL L L 2L LR L LT EXCHANGE — on the New rose o $7.200 hs ago memberships More than 100 broker- g have become members in | that time ¥ the agitation 0 establisn a m for unlisted securi- | Ues on Lhe Produce Exchange. REO MOTOR CAR CO.--Shipmen by Reo Motor Car Co. in 1927 were fa ancad of 1926, & wtal of 46,375 pas- snger cars and trucks, against 31,952 January shipments also were larger then a year ago, . PULLMAN CO —Pullman_ Co. re- net eamnings of $10622,067 for | after agalust $9.564,836 the | yeur petore OUTDOOR ADVERTIS- | General Outgonr for 1927 vias $8,173,- | 116 1926 | ROBEVILLE WATEI. OO - e~ | e Water Co. Wmevilie *Calif, has been meguired by Pubiic Utites Con- | 7 Cor, $i2/00 oon- W. B Founsy 2 svertising, 1 195, against § Inc—A new | A" omnmeon | %, 1ue, Grand Mick. 3 iwing offcred at 32 roge Bk of Jerer o | bearing health and happiness to hun- The same philosophy applies to automobile ownership. dreds of thousands of homes. To possess a new Pierce-Arrow, for example, is by no means to . i [ Your dealer has Reading anthracite advertise affluence. Butitunfailingly marksan appreciation of the finer TEACHERS’ ASSOCIATION | . Rl . . or can get it. Order what you need. things—and an ability to provide them. WILL HOLD BANQUET When it is delivered, you'll find that The new Pierce-Arrow is custom-made. [t has beautgand modern- Privee Georges Gioup Plans En- | your dollars are buying more and ; ness <and character! Fifteen custom-built models in the Continental testoinment in Copital for | cleaner heat. fashion and colorings. From twenty-nine hundred dollars, at Buffala, Yeruury 18 g ) 5 CEOUMAIRORG Md ey President You may purchase a Pierce- Arvow out of income, (F wu presir. A wumplified financing pirn ro Migh fehio) ging a bisnguel | 2 b i ¥t | g Mo, Wssh will e followen | Srom % 12 Binve been oted tute | ®abes this @ mast practical praefure. Your preetir aepied as ik« @ the ped amonnt of 15 appravad wilkaton PHILADELPHIA~READING R e s Pierce-Arrow Perfectfon™ COALA IRON COMPANY DAVID S. HENDRICK PHILADELPHIA - NEW YORK - BOSTON - BUFFALO - DETROIT: TOLEDO - CHICAGO l”:, S’f"""'. \""'n o MILWAUKEE - MINNEAPOLIS - ST. PAUL - ROCHESTER - BALTIMORK - WASHINGTON - READING SEEVice:Atationy Gataelo Caragm AT00 i o IRBERERBERT 1L S1OUKS ikt y € Hine, saictary Auiniie vanklin 4541 i alovama R, i e <o i ————— Wi U, k8 e e wd 2]