Evening Star Newspaper, February 8, 1928, Page 13

"SPEEDIER TROLLEY - SERVICEIS URGED {Traffic Experts See Faster Street Cars as One of Congestion Cures. BY J. C. ROYLE. Bpacial Dispatch to The Star NEW YORK, February #trects are primarily intended to provide *movement space. * That is the basic discovery in Detroit, where most of the automobiles are made and many of them are used. After 8 study of traffic conditions there, Gus- tav C Shink, director of traffic, practically all street pavement on main traveled city streets must be reserved | for moving vehicles. His stand is backed | of municipal executives out the country. ppage of vehicles at the curb and discharging passengers, while not conducive v Jess urb terminals” are as NECessary as ovement lanes.” However, stoppage at curbs in the business district should be cor tnsisted on as such. Garage Space Available. The survey of the Department of Commerce shows that in main business centers shopping functions involve a top of less than half an hour r cent of the cases, of a half to one Efim in 40 per cent and of over one hour in 8 per cent. In the cities sur- veved, garage or paid parking facilities | were available for 7.000 more cary than were so stored. The cars parked on the streets over one hour. while antounting to only 8 per cent of the total. used three times their number of hourly rking spaces. ‘uln ngfll’:‘! to the merchanis of any city, Shink says, the curb space should be devoted to those actually shopping or carrving on bona-fide business transactions, and storage of vehicles should be prohibited at the sides of im- ant business streets. That is the sis on which many cities are trving o solve their traffic problems. Col. Samuel P. Wetherill, jr.. of Phila- delphia, chairman of the Regional Plan- ning Federation of the Tri-State Dis- trict, estimates that traffic congestion 4s cansing the section of New Jersev, Pennsylvania and Delaware which Phil- adelphia centers $400.000 & day. He advocates super highways to pass around the large centers. | The street railway executives recognize thoroughly that they must play a lead- ing p:n n the alteration of traffic conditions. Jeaders in the electric railway field. must keep on the move or die. Im- provements of verious types of com- munication and transportation, he said, 8 —City not parking_space. | says | dered a shopping function and | in 52 Traffic. said one of the| G STAR, WASHINGTON. D. C. 9 WEDNESDAY, FEBRUARY 8, 1928. EVERYMAN’S INVESTMENTS BY GEORGE T. RUGHES, Influence of the Speculator. Stocks go up and stocks go down sometimes because investors buy them or investors sell them as the case may More often they go up or they go down because of the operations of the speculator. So in attempting an ex. planation of the movement of any active one traded in daily on one of the big exchanges, we are pretty safe fa attributing it to transactions for specu- lative account Let us analyze it for a minute. We will suppose that New York Central is paving as it is today an $8 dividend annually. Let us suppose also that earnings are increasing so that the directors could if they sce fit raise this rate to $10. At first thought it might be considered that purchasers would wait until the rate had been raised | before buying. for not until then could they get the increased income. That is not the market way, however. The buv- ing is done and the stock goes up | before the dividend is raised. and the speculator is responsible. He buys be- cause he anticipates what is going to happen. That is what the word specu- late signifies. a watching out or peer- ing ahead. He buys before the dividend { 1s raised so that he can sell to some one else after the event and realize a profit. Hence we see that stocks go up in anticipation of some favorable event | and only occasionally when the event has actually been realized. In the majority of instances the price of the The same thing happens in the reverse | order when something unfavorable is | impending. The stock almost always | goes down before the trouble has be- come actual. The exceptions to these rules are when no one is able to foresee the good or the bad development. In that case is able to look ahead into the future. UNITED RAILWAYS OMITS Cent Because 1927 Earnings ‘Were Insufficient. Special Dispatch to The Star. BALTIMORE, February 8.—Directors of the United Railways & Electric Co. yesterday passed the quarterly dividend of 1 per cent, or 50 cents a share, which in the ordinary course | would have been paid on February 15. This actlon was taken, President Charles D. Emmons explained, because the dividend was not fully earned. Surplus in 1927 applicable to dividends was equivalent to only $1.17 a share. while the disbursement called for $2 | a share. On the basis of unadjusted net for particular stock, especially if it be an 4 stock “discounts” as the Wall Strect ' sacks phrase has it what is going to happen. | large there 1s no speculation because no one | LIRSV IVARIA. 150 ITS QUARTERLY DIVIDEND; Board Passes Payment of 1 Per“ Wholesale Markets ‘Today's market report on frults and vegetables (complled by the Market News Service Bureau of Agricultural Economics), say: Apples—Supplies moderate; demand moderate, market about steady; barrels, | Virginia, U, S. No. 1, 2! inches up, | Stayman’s, 7.50a8.50, few fancy, high- er, some Scalded, 5.50a6.00; U. 8. No. 2,'Stayman’s, 21 inches up, 6.50; box- s, Washinglon, medium to large size, v, Deliclous, mostly around igher, few low as 4.00; extra . 3.50a3.75, mostly, . Winesaps, 3.75; bushcl . U. 8. No. 3, inches, 2.2502. 24, inches, 4 to 21, inches ;. Pennsylvania, U, 8. No. 5 inches up, k Twigs, mostly . few high as 2.50. : Jabbage—Supplies moderate; demand | moderate, market steady; new stock, | Texas, bulk, per ton, round type, 65.00 |a70.00: barrel crates approximately 100 | pounds net, round type, 2.75a3.25, most- {ly around 3.00; Florida, 1!3-bushel | hampers, pointed type, best, mostly 11,75, old stock, New York, sacked per 1100 'weight, Danish type, 1.00. | Celery—Supplies moderate. demand | moderate, market about steady; Cali- { fornta, crates, 5.5085.75; stripped fine { quality and condition, 6.00; few higher; Florida, 10-inch crates, fair quality and | condition, 2.00a2.50; few, 2.75; few ‘(nnc,\', individually washed, 3.00. ttuce—Supplies heavy; demand ., market dull; California, crates, -5 dozen, 3.00a3.25; few No. 11, u. | sap: ‘ Le 1ight | fceberg type, 4 | higher. Onions—Supplies light; demand good. marke: steady; Michigan, 100-pound llows U. 8. No. 1, medium to e, 2.85; Ohio, 100-pound sacks | vellows U S. No. 1, medium to large size, mostly 2.75. | Potato Market Steady. | Potatoes—Supplies moderate; demand moderate, market about steady: Michi- | gan, 150-pound sacks russet rurals U. S. No. 1. 3.35a3.40; few low as 3.20; 150-pound sacks round 20a3.25. Spinach—Supplies liberal; demand moderate, market unsettled, slightly weaker; Texas, bushel baskets Savoy type, best, mostly 1.75; few high as 1.90; fair quality and condition, 1.50. ‘Tomatoes—Supplies moderate; ~ de- mand moderate, market about steady: unknown origin. repacked in New York City, 3s, ripes, wrapped, fancy count, 2.65a3.00: choice count, 3.15a3.50; orig- inals, Florida. 6s, ripes and turning. wrapped, fancy count, good quality and condition, 5.75a6.00. fair quality and | condition, 5.00: choice count, falr to ordinary quality and condition, 2.00a 3.50; repacked, Florida, 6s, ripes, wrap- ped. fancy count, wide range prices, 4.0085.00; choice coul 3.0023.50. 1, Black | ) I Sevond Sight Btring beans nugplles very light; few sales; Florida, 7s-bushel hampers, green, 6.00a6.00; few poor condition low as_3.50. PPFWH—SHEL!“H very light; demand moderate, market steady: Florida, pep- per crates, fancy, 4.5005.00, Eggplant Moves Slowly. Eggplant — Supplies _moderate; de- mand slow, market dull; Florida, pep- per crates, fancy, medium to large size, 2.5002.75; few fancy, 3.00; small size, 2.00; choice count, small to medium size, 1.5022.00, few higher. Squash—No supplies on market, Cucumbers—Supplies light; demand slow, market dull; few sales; Indiana, hothouse stock. 2-dozen cartons, fancy, 3.00; extra fancy, 5.50; double extra fancy. 550 per carton. Carrots- Supplies moderate; demand moderate, market about steady; Texas, Western lettuce crates, bunched, 2.75a gll.:g bushel baskets, bunched, 1.75a Beets—Supplies light; demand mod- erate, market steady; Texas, Western lettuce crates, bunched, 3.50a3.15; few high as 4.00. Strawberries — Supplies ve Jight; demand light, market steady: Florida, pony refrigerators, Missionarys, 85 per quart; few pints unsold . INCOME IS SMALLER. CHICAGO, February 8 (#).—Nct rail- way operating income of the Illinois Central sysiem for 1927, after deducting expenses and taxes, was $27,176,951, a decrease of $3.017,598 compared with 1926. The net income avallable for divi- dends whas $12,131,871, a decrease of $5,- 018.527 compared with 1926. Rallway operating revenues in 1927 were $182,- 967.560, and railway operating expenses were $141,921,643. * Capital stock out- standing amounted to $154,445,191. TOBACCO SALES RECORDS. WINSTON-SALEM. . February 8 (A).—All previous S ords were broken on t i co market today, when the total sold here during the present tobacco year reached 60,775,538 pounds. The highest record prior to that atta was_established in 192 . market sold 60,580,994 pounds. STEEL PLANT PLANNED. NEW YORK, February 8 (#).—The Herald-Tribune says that James A. Far- rell, president of the United States Steel Corporation, left New York yesterday for Birmingham, Ala., where he wil! inspect the proposed site of a $5,000,000 tube mill. which is to be erected by a sub- sidiary company. Traffic policemen of Riga, Latvia, arc {0 be provided with small. square island | having electrically heated footplates for se in cold weather. A | One doesn't have to be horn under seven veils to | easy: DENVER, Colo., February 8 (Special). —Colorado farmers and stockmen who speclalize in Spring feeding have start- ed a nation-wide campaign to en- courage the consumption of lamb and mutton. Some Colorado butchers re- port that sales have tripled as a result. KANSAS CITY. e Sheffield Steel Corporation will spend more than $3,- 000,000 in enlarging its facilities here. A woven wire, barbed wire and nail plant will be added, as will a combi- nation bar and rod mill, an additional open hearth, EAST LIVERPOOL.—Contract has been let for the erection of a tunnel ceramic kiln by the Kennilworth Tile Co.. which operates an eleven-kiin plant at Newell, W. Va. The erection of the new kiln will practically double the capacity of the plant. DETROIT.—Employment in the Ford tactories now is approximately 91,616 workers, an increase of 1,858 in the last week. ANN ARBOR. Mich.—Three thou- scand Kiwantens have united to help reforest a 5000-acre tract on the Au| Sable River. TIhe Kiwanians will stand | $1.94 of the expense of reforesting each | acre, which is estimated at $5. and the Federal Government will pay the remainder. PRICES ON PARIS BOURSE. PARIS, February 8 (#).—Prices were strong on the Bourse today. .Three per cent rentes, 69 francs, 50 centimes: 5 per cent loan, 87 francs, 5 centimes; ex- change on London, 124 francs, 213 cen- times. The dollar was quoted at 25 francs, 457 centimes. NEW YORK MARKETS. | NEW YORK February § 4".--Rye No. 2 Western, 1201, f 0. b. New and 118'. e 1. 1. export. Middle West 11 46a11.50. Tallo pocfal loose, 87%; extra, 8':. o1 articles unchanged. IDEND. NEW YCORK. February 8 (/).—Ohio Oil Co. declared only the regular quar- terly dividend of 50 cents on the com- mon. An extra of 25 cents was paid in the preceding quarter. York firmer CAR LOADINGS GAIN. Loadings of revenue freight on the | £ ads for the weck ended January 28 axgresated 902,832 cars, an increaso | of 18,737 over the preceding week and a | decrease of 41,047 from the correspond- | tng week In 1927, it was ®ported today | by the American Rallway Association. Lard | o ROSCOE JENKINS NAMED T0 ODD FELLOWS’ POST Order Names Officers and Commit- tees for Year at Annual Session. Roscoe Jenkins of 637 Eighth street northeast, was elected grand patriarch of the Independent Order of Odd Fel- lows, to serve during the ensuing year, at the annual sesston held last night. officers elected and installed Guy F. Glossbrenner, grand hlkh; pricst; Ernest L. Loving, grand senior | warden; Lemuel H. Windsor, grand Junlor warden; Edward L. Dunn, grand | scribe; Waiter B. Randall, grand | treasurer: Willlam T. Galllher, grand | representative; Willlam M. McConnell, grand marshal; Millard F. Zepp, grand inside sentinel, and George A. Murri- | son, grand outside sentinal. | Mr. Jenkins announcea the following appointments for committees during the ensuing year: _Finance, Willlam L.| Ford, Michael E. Murray and Champ Clark Joy: grievance, W. W. Millan, James J. Chamberlain and H. W. Tip- pet: conference, F. R. Leaman, Roscoe Wines and P. W. Schumacher; super- vision, W. E. Lawson, C. W. Cuthbert- son and J. W. Lyons: printing, Frank D. Seiffert, Elmer Cummings and E L. Dunn; anniversary, Ernest L. Lov- ing; memorial, Lemucl H. Windsor, and Rebekah anniversary, Guy F. Gloss- brenner. ICOLDS THAT DEVELOP | INTO PNEUMONIA Persistent eow#lu and colds lead to | the infected membranes aad the serious trouble, You can stop them now | irritation and inflammaties, o the | | with Creomulsion, an emulsified creo- | creosote goes on to the is ab- | sote that is pleasant to take. Creomul- | sorbed into the blood, attacks the seat sion is a new medical discovery with | of the trouble and checks the growth two-fold action; it soothes an of the germs. the inflamed membranes and inhibits Creomulsion is guaranteed satisfac- germ growth, tory in the treatment of sistent Of all known drugs, creosote is rec- | coughs and colds, asthma, ognized by high medical authoritiesas | bronchitis and other forme ef respira- ane of the greatest he-l'mf agencies for | tory diseases, and is excellent for build- persistent coughs and colds and other | ing up the system after colds or flu. forms of throat troubles. Creomulsion | Money refunded if any cough or eold is contains, in addition to creosote, other | not relieved after taking according to healing clements which soothe and heal | directions. Ask your druggist. (adv.) CREOMULSION THE COUGH OR COLD THAT HANGS ON | A v VN VNV : MOTHER | ACross, Feverish Child is Bilious, GET MONTGOMERY BONDS. Baker, Watts & Co. Head Syndicate Bidding Low for Issue. BALTIMORE, February 8.—A local ' syndicate headed by Baker, Watts & were the successful bidders for the ~ of $300,000 Montgomery County per cent serial road bonds awarded | crda Their due 1929 to 1932 are heing offered on | 380 basis, while the 1933-1947 bonds | are being offered on a 390 basis. BELGRADE MINISTRY OUT. Cabinet's Resignation, Crisis, Approved by King. BELGRADE, Jugoslavia, February 8| (#).—The Voukitchevith ministry, which | took office in April, 1927, resigned to- | day. The cabinet underwent a crisis | during the past week when the Dem- | ocratic members, in disagreement with thelr colleagues, resigned. King Alex- ander approved of the resignation of | the cabinet, in view of the discord. | y. bid was 104.98. Series of bonds | Due to | teaspoonful today saves a sick child |counteri 1927, the amount available for divi- dends was $682.000, or $136.448 less' the amount required for the payment | Last vyear the company earned its | dividend with $196,606 to spare. have second sight nor do you have to be the seventh daughter of a seventh daughter. The person who ex- | ercises daily common seitse, who saves today for to- morrow, who conserves physical strength, taking care that their eyes and other organs are relieved from strain and functioning perfectly, has second sight iTZ, the optometrist, sights those with second sight. TZ years of scientific study of the eye and his wide experience enables him to ascertain in a few minutes the slightest functional defect in vour sight. Second sight always includes a visit to ETZ. Tad brought about a state of mind where the‘publlc was impatient of de- lay. Leisurely Operated Trolley. «“If we are caught in such a delay in & strest car,” he continued, “our im- patience becomes intense. Nearly every one while riding in an automobile some time has been caught in traffic signal delays behind a street car. Their first thought is a desire for some meth- od of operation which will let their tomobile get by the car. There al- ways will be <ome delays. but they will be vastly fewer as we come to know how to handle traffic “The one great irritant. however, is the leisurely operated strect car of the oid style. The newer type, the car with quick acceleration and rapid movement. 15 up in front of all traffic delays, and when the signal changes. is off and away before the automobiles get into SAT e SOFT COAL OUTPUT. NEW YORK, February 8 (#).—Bitu- | minous coal production in the week end- | led Pebruary 4 is estimated at about | 110,000,000 net tons by the National Coal Assoctation. The Bureau of Mines re- | ported output of 10,121,000 net tons for ! | the previous week: . [ v { e — Jee Etz and Sec Better | | can be obtained and is being obtained !in some localities. But few street rail- | way managements as vet havc a real | vision of speed possibilitics. In some | | cities street raflway service is performed | with the identical vehicles in use 12| | years ago. The only thing that is not | the same is the number '5)! pu.ssennrsl 00000000 TOMORROW and the NEXT DAY YOUR OPPORTUNITY TO SECURE A FINE WORSTED SUIT, HAND CUSTOMED TAILORED TO YOUR ORDER FOR | $39.50 We congider these special suits good values at $70.00. There are worsteds of every conceivable shade and pattern, stripes, plaids and overplaids; browns, tans and grays, in all the season’s newest shades. Many light weights, suitable for spring. Distinction Between VALUE A PRICE — c—— : Oftentimes one is mislead in buying merchandise priced seemingly cheap. 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