Evening Star Newspaper, November 27, 1930, Page 15

FIN COPPER PRODUCERS FACE BIG HANDICAP . Fate of System Depends Upon Its Effect in Dumping of Cheap“Foreign Metal in U. & Hurts' * Home industry. @pécial Dispateh t6 The Star. / NEW YORK, November 27.—There have been more bear Teports issued this year regarding the ofl industry than ANCIAL 'GOLD STANDARD PUT TO TEST IN STABILIZATION OF MONEY - Controlling the / Basic Value of Various Currencies. Notet-This ie the fourth and last in peries 8f articles on “hard” and “goft” oney. twritten for The Star and North American Newspapér Alliarce. BY JOHN F. SINCLAIR. | Special Dispatch to The Star. NEW YORK, November 27.—“The bilize money in terms of purchasing power, then it will remain a8 an indis- pensable factor in the money and credit systems of soelety. If not, it will go into limbo. As Dr. Karl Helfferich puts it: “Changes in the value of money, no matter in which direction ihey take y. C., THURSDAY, NOVEMBER 193 g, INSTALLMENT SALE FAVORABLE TRADE | POLICY VINDICATED FACTORS AR SEEN Statistics Show Stores Are Cleveland Bank Believes Bet- Losing Only Small Amount® | ter Business Will Follow in Bad Debts. Turn of Year. 8pecial Dispatch to The Star. SLEVELAND, 3 Vi 27— “The shivers which are supposed to . CLEVE. Ohio, November run up and down the backs of careful Definite signs are appearing on the department store executives over every |business horizon which indicate that €. ROYLE. FINANCIAL. STOCK AND BOND AVERAGES By the Associated Press, Prom Yesterday s 5:30 Edition, STOCKS. 50 InQustrials, 20.5 i 206.8 Three years ago, weekly aver..143.6 High, 1930. Low, 1930. High, 1929, Low, 1929. .. A—15 WHOLESALE PRICES SAG DURING WEEK Celery and Cranberries F tured in Sales, With Demand Active. Most kinds of green to lower wholesale pric week, says the Un ment_of Agricultu cultural Economies, produce tended uea”m Depart- re, Bureau of Agrie . market news serve credit are not warranfed and actually | the end of the depression is approach- | United States is on a gold standard | place, produce conditions which create loe. lers were already any other. On all sides,-and at all times, the ery of overproduction has been heard; and oroducers have per- sistently proclaimed that the industry. to rack and ruin. b y the dividend pavments of the Standard Oll Cos. for 1930 were an- nounc:d. Bad?> Not at all. Look at the figures—a new high record both for the year and for the fourth quaster. Think of $286.666,728 dividends in one year—an increase of $17.020,801 over the total paid by the Standard Oil Cos. in 1929, Take the fourth quarter of this year. Dividends will aggregate 83,047,644, with $75,063,856 for ' the lourth quarter of 1929 and $68.306,015 for the third quarter of 1929 “The Standard Oil Co. nf New Jersey the hfim of the companies—will pay dividends exceeding $50.000,000 for 1930. This is the largest amount pal By any Standard Oil Co. in any year in istory. its h 3 Standard Oil units. which Rave déclared a special extra dividend ih the final quarter, are Imperial Oil, rd_Oil of New Jersey, Vacuum ©o., Standard Oll Go. of Kentucky and the Prairie Pipe Line Co. There are businesses and businesses. But no business has rolled dollars info fortunate pockets faster than successful oil companies. Copper Output Cut Again. “Four large copper producers in the Onited st.:t‘ns-.c':mmn & Hecla. Calu- et & Arizona, Nichols Copper Co. and Anaconda-—have announced fur- r curtailment of copper production. means more men will be added # the list of the unemployed. A review of the American copper during 1930 is interesting. the first 10 months of this year ited iflm consumed an Aav- of 17,550,000 pounds of copper each month more than it produced, while the imports of cheap gforeign copper during the same period exceed- exports at _the rate of 20,750,000 unds & month. ”If the copper mining industry of the United States is to be sacrificed to foreign copper interests, which produce and land copper in the United States at half the cost of domestic copper. the American people should receive the Benefit in the form of really cheap "56”;"« at 12 cents a pound is not eheap, when the cost to produce and deliver to American consumers is only cents a pound. One hundred and ‘er cent profit is entirely too much e foreign copper %\]’MHCQI to exact fean public. B mg\.n‘?'n:?‘". pound would give the foreign producers plenty of profit. and give the American people really cheap R0is the progrem decided upon means to close up and abandon Amer- fean copper mines, at least foreign op- erators should be limited in the amount of profit they take from the domestic market. Position of Copper Industry. Many consumers of this metal ask, why not have free trade in copper? That would give us cheap copper. But there is another side to that question. For more than a century. the United Btates has been develnpln, under a protective tarifl system. It -may or may not be a good system. But why except copper from the workings of the system? Why s dopper not protected Wwhen everything else is? It is eus‘e'g the same thing as if the Unzd States was under a free trade system and by some device, pow- erful money ,lnurea:;c werek ‘lhle :{n;:; t r from the workings Soadie Phueing & LR to e levied t 1t alone. m&t is exactlv the situation with reference to copper today. Copper alone, of all the basic industries of the Bnited States. is excepted from the| workings of the tariff system. And why? r can be dumped into the Btates at half the price at which American r mines can produce it. Thus the Tmitation of the world pro- duction of copper primarily does nof DBenefit the American consumer. But it does benefit the forei; copper pro- ducer, who will be enabled to exact a ter toll than ever before from the erican public, Protect, the American copper pro- dueer, expand domestic copper produc- tion to meet merely the American de- mand. and thus lessen unemployment instead of increasing it, such as inevitable result of the present copper restriction set-up. ‘War Debts. 8ir Robert Borden, Canada’s wartime prime minister and the Dominican rep- resentative at the Leegue of Nations, thinks that the last 13 years of peace re- eonstruction has convinced all thought- ful students that “the economic condi- tions of the entire world, including those of the United States) would today be much less depressed and far more satis- factory if the war debts had been writ- tan off 10 vears ago and the world had | n A new advance toward normal ! eonditions.” | Probably true—but. the difficulties are | ip putting it intr effect. The World War did wreck the international ma- of trade. In fact, that machine 18 still a long way from being com- | pletely rebullt now--13 years after the | ‘War. But should the United States be ex- pected to earry the entire load? France | stems to have no trouble in spending | three times as much money for her Army and navy as the total debt pa ments to the United States amount to. | and Italy and Great Britain are not far basis. Just what does that mean?” asks R. H. Gold ix the same price in every part | of the world. It never varies. If a miner works alone in a small Montana | mine this Winter and fecovers 100 sunces of gold he can take it hext Spring | to the United States Government, Assay | Office and receive $20.67 an ounce— $2.067 for his Winter's work. Gold is always worth $20.67 an ounce | in the United States because $1 is one- twentieth of an ounce of gold. Just as a quart of milk is always worth two ints of milk because a pint is one- alf of a quart. Gold is thus stable merely in terms of itself, not in terms of other thirgs. “The truth is that the purchasing power of money has always been un- stable,” says Prof. Irving Fisher. “The fundamental reason is that a unit of | money. As at present determined, is not | as it should be—a unit of purchasing power—but a unit of weight.” Price Level. | So if this unit weight of gold has | widely varying purchasing power—and | serious alterations in the distribution |of income and wealth, disturbances in the bases of all economic transactions and. accordingly, in the economic life of the community.” “Experience has shown.” wrote Prof. Gregory. Apropos of the réturn of Qre Britain to a gold standard, “that the control of ecurrency is liable to the | gravest possible abuses, and that it ls| undesirable that the discretionary authority of the managers of non- metallic standards should be allowed to continue. Within a single decade the alue of paper money has fluctuated sufficiently to ruin whole socialclasses. Nothing of this sort is to be feared from ld. The gold standard, in addition imparting comparative stability to the price level over time, necessarily in- volves stability in prices over the whole of the area in which the gold standard prevails. ‘We may conclude, therefore, by saying that it is not the gold standard that is at fault—it's the way the gold standard is handled that has caused the world trouble. And if the gold standard na- tions are wise they will see to it that in the future the world’s gold pile is do not exist. With all the furore over the danger of credit sales and install- better business will be accord- | ing and that | seen after the turn of the yea ling to the Union Trust Co. of Cleve- | ment sales in times of depression, ‘the i fact remains, according to the National Retail Credit Survey, that 49.6 per cent | jang, of the department store sales are in J < i cash—excluding chain stores, which do| Among the favorable indications { business usually on a strictly ‘cash basis, | pointed out by the bank are declining {and the mall order houses, which have |stocks of merchandise, progress in re- | a large percentage of cash customers. | oqyistment of prices, increase in con- Open credit sales account for 44.9 per ‘xm of the business done, while in- | sumption and completion of the defla- on| 5.5 per tion process. e e Enare. tan be o | Al duning this year, while produc- bad debts from the cash sales. The | tion has been on the level much more ratio of bad debts on open accounts, |than normal. consumption of materials according to this authoritative private |and the using up and wearing out of survey, 1s only 44-100 of 1 per cent, merchandise has been going on steadily while the Jass from credit extended on (and more rapidly than production installment_payment, accounts amounts | says the bank in its magazine Trade ekt ol | "The result. naturally, is that we are _ Bad Debt Pereentage. | bringing about what might be described e Governmental survey, which is | as an accumulating shortage of a grea! ok Soufinad. 30 department stores, | variety of goods. When this shortage shows that 6-10 of 1 per cent on the | becomes sufficiently acute, it will be re- open accounts and 1.2 on installment | flected in immediately renewed buying. business are bad debts. This provides | “There is some evidence that such nothing to produce shivers. | buying has now begun to an extent In general this condition presents 1o ' larger than is generally realized. history proves that it has—then money | handled much more eéffectively and itself. based on purchasing power, has always been unstable. The price léevel has never been stable. In England, between 1821-; and 1846-50, wholesale prices fell 25| per cent; between 1846-30 and 1871-75 they rose 25 per cent; between 1871-75 and 1894-98 they fell 40 per cent, and between 1893-98 and 1909-13 they rose by 30 per cent. Other countries record similar conditions, 5 Gold. as a basls for ecurrency issue. waa recklessly diluted during the war and this in turn inflated prices, result- ing in the violent deflation of 1920-21 And the secondary deflation of 1920-30. But does the gold supply look suffi- cient to maintain an_expanding world trade in the future?- Prof. Gustay Cas- sel, in 1921, wrote: ‘‘We have ta reckon with the fact. that the world's production of gold has be- | come definitely insufficient. for the rate of progress which we used to regard as normal before the war.” According to the reckoning of the Cassel school, unless new gold mines can be opened to provide an increase of at least 3 per cent annually in the resent gold supply the world is faced n the next few vears with the prospects of falling prices. This view is shared by ‘:zmr-l well known American econ- omists, Urges Control of Output. But that opinion s not unanimous. Prof. Lehfeldt, British economist, in ks volume, “Controlling the Output of Gold,” issued in 1926, came to the con- clusion that a fall in the value of gold was more probable than & rise. And he has been the chief and con- Bistent. exponent of plans for the inter- national control of gold output to sta- bilize prices. He says: “The output would have to be placed under the control of some authority that could take long views | and act. in the interest of the world in- stead of that of the shareholders in the mines.” D. H. Robertson, another British economist, probably summarized the position of gold in world trade as well As any one when he said in his book on “Money”: “Gold is a fetish, but it does the trick. *+ * ¢ If we decide to acquiesce silently for the present in the mainte- nance of a gold stahdard of the world &nd in the adherence to that standard by our own country, may we not at least hope that the monetary authori- ties of the world will do their best by Collective action to prevent the misbe- havior of gold.” Jong as 9 people out. of 10 in svery country think the gold standard iz the ?_m.e;hn. standard 1= going to be con- inued. Fisher Proposals. The plan of Irving Pisher better to stabilize the purchasing power of the dollar was embodied in the Goldsbor- ough bill ef 1922, presented to Congress. Here are the five phases it attempted to cover: ‘11.’ ‘To abolish 'luld gfliml and to con- vert our present gold certificates into “gold blllg;n dollar certificates” enti- tling the holder, on any date, to dollars of gold bullion of such weight as may be officially declared to constitute a dollar for that da 2. To retain the “free coinage.” i. e. the unrestricted deposit of gold, and to retain Alxo ‘the unrestricted redemp- Mn.n ’?‘{ g;ld‘ humon doll:rlcrmlleuuu. ., To designate an ideal composite or “goods-dollar,” consisting of a rep- resentative assortment af cammodities, worth, at the outset, & gold dollar of the present weight, and to establish an “index number” for recording, at stated times, the market price of this ideal | frmdn dollar in terms of the gold bul- ion dollar. 4. To adjust the weight of the dollar ‘d.e.. the gold bullion dollar) at stated Intervals, each adjustment to be pro- portioned to the recorded deviation of | the index number from par. 5. To impose a small “bra: " fee for the deposit of gold bulllon and pro- vide that no one change in the bullion dollar's weight should exceed that fee. In addition to these features should be mentioned the tacit assumption thi the United States retain a sound bank- ing system. Without such, the effective- i ness of the stabilization plan would be | lost. The Strong Bill, In 1926 Representative Strong of Kansas introduced a bill to amend the Federal Reserve act Ak follows: ‘Paragraph D, section 14—To estab- behind France in this particular. {lish from time to time, subject to re- | If the world is to rebuild the inter- View and determination of the Federal | national machine of trade tn enabje the | Reserve Board, a minimum rate of dis- standard of living of the various coun- | count to be rh:;ud by such banks for tries 1o rise, then the huge totals for armaments must be vastly reduced in the next 10 vears. For this problem of Armament expense cannot be ignored. i a time when the pressure is becoming more and more intense from Europe for & moratorium. not only on German reparations. but on debts owed by Eu- rOpean nations to the Government of the United States (Oopyright, 1930. by the North American Newspaper Alliance.) NORFOLK & WESTERN NET | FOR OCTOBER LOWER The Norfolk & Western Railway Co. reports for 10 months ended October 31, 1930, net income of $26,791,138 after taxes And charges, equivalent after dividend requirements on 4 per cent preferred stock, 10 $18.50 a share on 1,408,507 shares of common stock. This compares with $34,123,620, or $23.71 a | share on common, in first 10 months | of 1929. October net income was $2,930.422 after taxes and charges against $4,522,- 934 in October, 1929. Statement for October and 10 months sompares as follows: " Rross 3 IR ) it income: ‘PR LA s SRS cnavees; g0l LdeRd operating income. 28.609. 492 come, .. X3t 264,502 rplus after ‘charges. 26,791,138 34,133,620 'Jl.P- G. Hanes of Winston-Salem, ames K. Norfleet, deceased., each class of paper, which shall be made with a view to accommodating commerce (and business And to add, instead nd promoting A stable price level for. commodities in general.” It was the idea of Oongressman | | Btrong that all the powers of the Federal Rescrve were to be used for F’mmotmg stability in the price Jevel. fundreds of pages of testimony were | iven to the Banking and Currency ommittee of the House, but the biil Now ail“the pi k ow Al ® plans so far suggested by Fisher, Keynes, Snvder, Hnwlny.; Cassel and others to improve the effi- clency of the gold standard are receiv- | |ing plenty of consideration from stu- | { @ nts of banking policy. Whether there is anything to the uantity theory remains to be seen. ut the gold standard is being tried in the face of adversity. J. A. Hobson, British economist, whose theory of “oversaving” is well known, strikes a new note when he say: “The ultimate effect of credit, re- | garded as a rheans of stimulating trade and employment, will depsnd upon its influence upon the distribution of the | general income. It will be favorable | 85 it increasés the proportion of the Reneral income passin, wage | earners or to the public bodies to be apent in demand for commodities or the financing of non-industrial services." es, the gold standard is on trial. Tt has, since the war, shown certain definite being stud- s | hibits_Committee of Pire | sepl | efficiently. Otherwise the gold standard | may be in for a peck of trouble. | (Coprright, 1930. by North American News- | paper Alliance.) FAIRFAX AID URGED FOR NEW PARKWAY | Commerce Body Asked to Aid ! in Getting Capper-Cram- | ton Act Ratified. | | 8pecial Disvatch to The star. | FAIRFAX, Va., November 27.-Speak- | ing before about 50 citizens of Fairfax |and Arlington Counties last night in | | the Pairfax Court House, Hugh Lee Kirby of the Arlington County Cham- ber of Commerce urged the incorpora- | tion of the George Washington Memo- | rial Parkway Association, a SuMa_vxgr | organization with local Branches. e | purpose of this assoclation would be to | secure donations of land and money | for #he National Park along the Vir- | ginia side of the Potomac and proposed |in the Pederal Capper-Cramton bill and to work to get an extra session of | the State Legislature to appropriate the | #3,750.000 required by the Government as Virginia's half the cost of this projeet. On motion of Frank Lyon of MeLean the meeting urged the Fairfax County Board of Supervisors to designate a | Fairfax County representative on the | board of appraisers authorized under | the Ball act. | "Kirby explained that the Goyern- | ment has agreed to Ioan the money to | Virginia without interest as soon as pledges covering this amount can be secured from responsible individual corporations or the State government. He 8tated that he and his neighbors have wiready raised $40.000 toward the | first, $500,000 upit of the parkway. He | asked the Fairfax chamber to co- erate securing signatures of its citi- | zens asking Gov. Pollard to call a spe- | cial session of the legislature to ratify | the Capper-Cramton act and to either | appropriate money in yearly instal- | ments for eight years or to issue eight- year bonds. He stated that in his opin- lon the parkway will bring in estimable | comme: and industrial opportunities | Virginia and will do more than any | other proposed plan to remedy unem- | ployment and stimulate business ac- tivity. He stated that bronse markers will be authorized by Congress and erected along the route bearing the names of individuals and organizations contributing to the fund. Lieut. Col. U. 8. Grant of the Na- | tional Capital Park and Planning Com- | mission, outlined the proposed develop- | ment with lantern slides. Grant stated | that tourist travel in thiz section has multiplied 40 times within the past five years and showed the commission's lans for handling traffic congestion in Roulyn by means of elevated roads for commereial traffic. improved home property along the site | of the parkway if it can be avoided, ALEXANDRIA. | ALEXANDRIA, Va (Speeial).— November 27 er . Bullivan waselect- ed president of the local Kiwanis Club | at the annual meeting of officers held at the regular meet! esterday af the George Mason Hotel. Other nfiicers | included D. C. Book, first vice president; Irving Diener, second vice president; ‘Thomas Chauncey, trustee: y Case, Elliott F. Hoffman, C. Page Waller, 8. D. Shelton. Harry Hammond, Thomas | Jones and C. €. Lamond, directors, Preliminary plans for handling local| charitles, which are expécted to be ex-| ceedingly heavy this Winter, were made At & meeting of the Alexandria United Charities held at the George Mason Hotel yesterday. Former Mayor Wil- llam Albert Smoot outlined the situa- tion to be met by the organization. | Headquarters already have been opened {in the City Hall Bullding. where dona- tions will be recelved. Persons seek- ing aid may then apply. ‘Thanksgiving day was being observed here today by union church services | held in the Pirst Baptist. Church. Rev. ! Pierce 6. Ellis, pastor of the church, | presided at the services. The sermon was delivered by Rev. C. Morgan Com- pher, tor of the Methodist Protest- ant Church. Other churches through- lout the ecity also held special serviees in ohservance of the day ity eouncil time the ive budget was discussed. W. L. Leitch, Boy Scout executive, addresced the meeting of Pitzgerald Oouncil, No. 459, Knights of Columbus, last night. Fire Chief James M. Dunecan, jr., has been named & member of the Ex- the International e Ohiefs Association by Chief Jo- h N. 8ullivan of Utica, N. Y., it was |1ea=ned here yesterday, Raymond rown, 420 South Pitt street, was treated at the Alexandria | Hospital last night for stab wounds in | the ‘back and neck. Four stitches were | taken in his neck. A United Stetes flag will be formally presented to Maury School by Alexan- | dria Councll, No. 5, Fraternal Order of Americans, at spccial exerclses to be held on the school grounds at 3 o'clock the afternoon of December 2. A speech of presentation will be made by Col. John H. Trimyer. Glass Plant to Reopen. CONNELLSVILLE, Pa., November 27 (®.—The plant of the Pennsylvania Wire Glass Co. at Dunbar, near here, will resume tent He said that the | commission did not wish to confiscate | new basic facts to merchants. For | vears they have been thoroughly con- vinced of the essential honesty of the | American buying public. Consequently, | in most instances they have solicited charge accounts, and the installment business has given a push to business which has never been equaled in retail merchandising. Naturally they have had to sacrifice some of the advantag's of those who sel] for cash. - The survey shows that allowances and returns amount to 5 per cent of total sales for cash. For open | credit customers this ratio of allowances and returns rises to 14.2 per. while the ratio on installment sales is 13.1. It is significant that allowances and re | turns should be high on eredit accounts. | Many customers 6pen eredit Aceounts | hecause they have found that if they| are cash customers and the store has their money. they do not receive nearly &0 much consideration or attention to complaints as to quality an¥ quantity of ggods delivered to them as do credit customers. | Vindication of Policy. Pull vindication of the policy of in- | stallment selling ie found. according to | investigators, in the figures for the late | months of 1920. 1In the early months | of that year when prosperity was wide- | spread, “the average monthly install- | ment payment on debts for goods ht was a little above 14.5%er cent In October and November. when the first blow of the stock market crash jmade itself felt. the average rose to | #bove 16 per cent. and even in Decem- ber, which is notoriously a good buying but a bad paying month, it was above 15 per cent The old slogan used by stores all over the country, “Your Credit Is Good,” still seems to be working actively. | H (Covsricht, 1930.) ATLANTIC COAST LINE OUTLOOK IS BRIGHTER, Atlantic Coast Line's traffic prospects | | appear to be definitely tmproving. Tt is | lone of the very few roads in the coun- try to show even small increases in carloadings in recent weeks, as com- | pared with last year, One of the most favorable factors ix | the iarge Florida citrus fruit crop this year and the removal of restrictions on | shipments, which shéuld prove highly important. Last year incursion of the | Florida fruit fly resulted in imposition of quarantine regulations on shipment | of fruit from the State, and this was a severe handicap. This year the Florida orange crop.' including tangerines and satsumas, is {estimated at 14.500,000 boxes, which compares with 8,200.000 boxes last year and a four-year average, 1024-1928, of 110,920,000 boxes. The grapefruit crop is placed at 12,000,000 boxes, mgainst | 8,200,000 boxes for 1929 and four-vear | average of 8.280.000. These crops have | already started to move, but volume in- ereases in December. Contrary to the experience of most | rajlroads, comments the Wall Street | Journal, ‘Atlantic Coast Line makes, its | best earnings during the Winter and | early Spring, when the fruit and vege- table crop shipments to Northern mar- kets are in full swing and when the | tourist movement is at its height. | — . R | Rites for Mrs. John W. Webber. | WINCHESTER. Va. November 27| (Special) —Funeral rites were held yesterday at Pine Grove Church for Mrs. Martha Webber, 83, widow of John | W. Webber, who died Monday nea Greenspring. She was the last mem ber of & large family. Temporary Water Spigots in County To Close Nightly Bpecial Dispatch to The Star. CLARENDON, Va. November 27| Temporary spigots placed about the | county by the water department for the benefit of residents. whose wells fajled them during the -drought and who were unable to connect with the county water system, beginning tonight, | will be closed every evening at 7 o'clock | and reopened the following morning at 6 o'clock, according to announcement today by County Engineer C. L. Kinnier This was decided on to prevent, {ree ing of the spigots. The schedule of | closing and opening of the spigots will be followed until further notice, Kin- | nier states. ! clines in many wholesale prices, with | sugar, zinc, tin, copper, rubber, cotton | Court vesterday sustainsd the | K. Myers of Tysons Crossreads guilty The bank's study of business condi- tions declares that during the past four weeks substantial progress has been made in readjusting retail prices down- ward in keeping with the drastic de- the result that buying of goods at re- tail is being stiMulated. Continuing, the bank says: “Coincident with thé growing spread of price declines in the retail field there has come about an encouraging stabi- lization in the prices of a number of raw materi#®s, particularly those which had sunk to levels below production costs. Upturns from the year's lows have been noted in prices of coffee, and a number of other commodities. “From_ the point of view that com- plete deflation of last year's overenthu- siastic speculative and business struc- ture ix necessary before reconstruction can begin, every additional step in the direction ‘of deflation brings the ap- proach of business recovery that much nearer. It is out opinfon that deflation in wholesale commodity prices is now apparently approaching an end and that the process is also continuing with respect. to retail prices. “While the mployment. situation pre- sents a difficult and complex problem, strenuous efforts are being undertaken toward its solution throughout the Na- tion.” BLAZE AT COLVIN RUN | DECLARED ACCIDENT| Fire in Which Four Died Investi- gated by State Fire Marshal on Sheriff's Request. Spetial Dispatch to The Star. FAIRFAX, Va. November 27 —As- sistant State Fire Marshal H. Kemp, jr., yesterday conducted an official investi- gation into the circumstances of the fire, which, on November 18, destroved the’ home ‘of Daniel J. Suliivan. near | Colvin Run and burned to death his wife and three small ehildren. The investigation was made at the request of Sheriff E. P. Kirby in view of the persistent rumors of foul play which have agitated the community ever since the fire, Pire Marshal Kemp yesterday in- speeted the ruins of the Sullivan home, reviewed the official report of the county coroner and held a hearing at Fairfax Court House during which he questioned Sullivan, Leo Crowell, at whose home Sullivan was visiting when the fire broke out: Ray Cockerille, Aub- rey Wise and Forrest Day, laborers who were among the first to discover the blaze. and several of the members of the Vienna, Va., Fire Department, who arrived first at the scene of the fire. Kemp's official report states that there are no signs either of arson or that Mrs. Sullivan had been assaulted prior 1o her death and that the fire was due to “an unexplainable accident. TYSONS CROSSROADS SIGN VERDICT UPHELD Fairfax Jury Finds Charles X.r Myers Guilty of Destroying State Property. Special Dispatch to The Star FAIRFAX. Va., November 27-—A ury in the Fairfax County -Circuit verdict granted the State Highway Department last_August when Justice of the Peace A. C. Ritchie of Fairfax found Charles of destruction of State property. Myers had appraled from Rilchie's decirion which carried with it the minimum fine of $5 and costs. He contended that the large signs set up | by the State Highway Department in front of his gasoline tank, forbidding motorists to park on the State right of way, in order to taks on gasoline were | erected on his property and not on| State property. | These aigns were erected by the State | Highway Department May 22 and -were | cut down by Myers May 24. My claimed that they were erected one foot within his property line. The State claimed they wire set three and one- Myers | LYON VILLAGE STREET | half feet within the State line. PROPERTY MANAGEMENT Apartment House MANAGEMENT NSTEAD of wortying along with the innumerable problems in connection with the management of your apartment house properties, place them our hands. You'll find our service most efficient and profitable—ren- dered at a very nominal charge. B. F. SAUL CO. 925 15th St. N.W. Nat’l 2100 Three years ago, weeki High, 1930. Low, 1930. High, 1929 929 w, 1 . * New 1930 low. (Copvright. 1930, Standard Statisties €o.) GANGSTER RETURNS 10 LONG SENTENCE Chicago ‘Public Enemy’ Goes Back to Joliet Prison to Serve 30 Years. By the Associated Press. CHICAGO, November 27.--The au- thorities behind Chicago’s drive against “public enemies” scored again— this time by sending back to the penitentiary for 30 years, James (Fur) Sammohs, beer g Eunmln. who has been' at odds with the Jaw for more than 30 years. With little or no ceremiony, but with the utmost precision, the graying gang- ster was returned to the penitentiary at Joliet yesterday, thus hecoming the second “publi¢ enemy” to be put behind State prison bars. At Joliet Sammons joined George (Red) Barker, another “public enemy” and alleged labor union racketeer, reeently committed. Sam- mons, like Barker, was sent back to prison as a-parole violator Arranged before Chief Justice John P. McGoorty 6f the Criminal Court, fol- lowing a ruling by Attorney General Oscar E. Carlstrom that his parole on a murder charge in 1923 was illegal, Sammons made a futile plea on his own behalf and then was quickly hustled | away in an automobile to Joliet. At one time he was under sentence of death for killing Patrick Barrett, a saloonkeeper, in 1803, but the penalty was commuted to a 50 years' sentence, and Carlstrom ruled the parole law did not apply to commuted sentences. Thus Sammons became the ninth of | the 28 “public enemies” named by the | Chicago Crime Commission removed, | temporarily at least, from illegal busi- nesses. Two, Jack Zuta and Joe Alello, | were killed by gangland bullets. The | others were Sammons’ fellow prisoner, Barker: Willle Niemoth, held in Mary- land for robbery: Jack Guzik and Ralph Capone, convicted of income tax law | violations: Jack White, now held pend- | ing trial for siaying a policeman, and | Danny Stanton.” who s held for re-| moval to Wisconsin for trial as Zuta's slayer, ( IMPROVING TO START% Work on Lee Highway End of | Rucker Avenue to Begin | in Ten Days. [ By & 8iaff Correspondent of The Star. | ARLINGTON COUNTY COURT HOUBE, Va, November 37.—While it | will be impossible to widen Rucker avenue entirely through Lyon Village, as planned, the County Engineering D partment expects to start within the next 10 days the relocating of the Lee Highway end of this street, it was stated today by C. L. Kinnier, county directing engineer. The relocating of this end of Rucker avenue is being done to give a more direct and wider entrance to Lyon Vil- lage, Lyon & Fitch, owners of the sub- division, having given the strip of land necessary for the work. It 1s also planned to improve the Lee Highway entrance of Rucker avenue to provide a wider entrance to the subdivision from that direction. | REAL ESTATE LOANS Made at Low Interest Rates 10 years, If 1520 K St. NW. National 0475 Money on Hand to Loan en First Deed of Trust . 6% Interest Reasonable Commission and Prompt_ Replies to Applications JAMES F. SHEA 643 Louisiana Ave. N.W. 300 . On Our Liberal 20-Monthly-Repayment Plan No Endorsers Required A Strictly Dignified and Confidential Service “”'al-.“en SI.I::: mlhf‘.fli. Public Small Loan Co. Rosslyn, Va. Clarendon West "“ Bethesda Personal Bankers 6982 Wisconsin Ave. Be! , Md. Phone Wisconsin 4374 Under Supervision State Banking Dept. FIDAC WILL HONOR UNKNOWN'S TOMB Similar Ceremony to Be Ob- served in Allied Capitals Tomorrow. At the Tomb of the Unknown Soldier, at Arlington National Cemetery, as at other similar shrines of other World War allles, will be observed tomorrow the eighth anniversary of the organiza- tion -of the Federation Interallle des Anciens Combatans. Tomorrow at 11 o'clock, Fidac members from Washing- ton will place a wreath on the World War shrine. Mrs. Joseph H. Thompson of Beaver Falls, Pa., wildow of the Con ional Medal of Honor man, Col. Ibmpson, will head the delegation as national chairman of the American F. I. D. A. C. Committee of the American Legion Auxiliary. She will lay a wreath upon the tomb. Mrs. Thompson has been advised that representatives from em- bassies and legations of these countries will participate in the Arlington cere- monies: Great Britain, France, Italy, Portugal, Poland, Czechoslovakia, Jugo- slavia and Rumania. Representative Lamar Jeffers of Ala- bama, American vice president of the F. 1. D. A. C.. and Maj. Julius 1. Peyser, former American vice president of the orgunlzam‘ will be in the Ameri delegation. ¥ Members of the American Legion will make up the delegation of this country. VIRGINIAN RAILWAY NET OFF IN TEN MONTHS ‘The Virginian Railway Co. reports for 10 months ended October 31, 1930, net income of $3,641,647 after taxes and charges, equivalent after dividend re- quirements on 6 per cent preferred stock, to $7.17 a share on 312,715 shares of common stock. This compares with $4,508,382, or $10.23 a share, in first 10 months of 1929. Statement for October and 10 months compares as, follows: e) 3 Net_operating incos Burplus after charges. . for the hollday trade and wers o m market for limited quantities only, Bad weather and road conditions in some producing sections brought reduction in carlot shipments of fruits and veges tables, but there were more of tham on the way to market than last season. Consuming centers in the drought ree glons are still drawing heavy rail re- ceipts from distant points. Special Lines in Demand. A few specialties seem to feel the effect of holiday demma.mcm”elm shipments increased sharply with near- ly 100 cars dally from Western New York alone besides halt as many mote from the West. Storage holdings are still about 20 per cent greater than they were a year ago. Eastern celery sold at 8$1.50 to $2.75 in most of the | 1arge Eastern centers. Sweet, potato was another favorite vegetable holiday week and these ha | been going to market at the rate | about 100 cars a day, most of them | from Virginia, Maryland, Delaware and | Tennessee, Sweet potatoes are a light crop this year and a demand brought slightly higher ices, stock from Maryland, Delaware Tennessee selling at $1 to $1.50 & bushel. A few lots of well cured New Jersey sweet potatoes reached $3.25 in nlalme m:'r‘kae:.; h’x’h& lng clg mum] all repo; it modera mgp o8 and generally fair to good de; . Cranberries meet their most ve consuming demand at this and the jobbing prices in late were still near the highest of the seas son. Early kinds brought $1.75 to $2.75 per quarter barrel in the large Eastern markets, and the late varieties, larger and more attractive in ance, sold at $2.50 to $3.38. er rices were quoted in Philadelphia than n New York and Boston. Potato Shipments Light. ‘The standard lines of long-keeping produce, such as potatoes, cabbage, onions and apples. were moving market rather lightly in late November. Western potato shipping points ‘wers hampered by the bad weather condi- tions and low prices. Shipments fell to less than 500 cars daily and most of the large markets began to report track holdings no more than moderat Prices had been declining througl most of November. They were sho a slight upward trend Thanksgi week at Chicago and at many country | shipping points. Price were scarcely important enough give any assurance that potato markets at last are beginning to show the effect of the light production and shipments. Apple Supplies Decrease. Carlot apple shipments are down to about 400 cars a day and many of the large markets report the only moderate, but slow demand has pres vented any considerable price gains. New York Baldwins sell at $1 to $1.25 per bushel in Eastern cities. Eastern Staymans follow a range of $1.35 to $2. Grimes and J(m;;t.h;& sell close to the price range of the Stayman. Markets in Eastern producing see- tions are dull, with limited demand, slow trading and prices generally unchanged the last week of November. A at $3. "Rochester district. vatling (¢ Baldwins was $1.40 per bushel, but some lots out of cold storage brought $1.45. Northwestern G have been selling lately at $1.30. First Mortgage Loans On improved Real Estate in the District of Columbia and rby Maryland and Virginia for 3, 5 or 10 year terms on your Home Apartment S%% Office Building Business Property RANDALL H. HAGNER & COMPANY MORTGAGR LOAN New York Life I 1321 Connecticut Ave. CORRESPONDENT urance Company Decatur 3600 Two-Carriage Families B but the fami ACK in the “Gay Nineties of means kept a horse and carriage— with two earriages was " the family a rare exception. Today—the modern family eonsiders -old-time luxuries as necessary conveniences,..not only does the family of 1930 require a motor car— the tendency is for many families te have twd or more ears— . For the modern family is also a two-income family—its income augmented by ownership of some sound, steadily-paying security, such as First Mortgage Notes...a security that yields a never failing interest return, and secure no matter what the financial eondition of the eountry. The 6% First Morigage Notes sold through the Swartzell, Rheem & Hensey Co. have fo# more .than 61 years paid every investor & steady, prompt and unfailing interest return— giving to hundreds of families the security ef a steady income, independent of earned salarpm SWARTZELL, RHEEM & HENSEY CO. MORTGAGE BANKERS 727 15 STREET N.W. /