Evening Star Newspaper, June 25, 1931, Page 12

A—-I2 D. C. RIFLE TEAMS TOURNEY VICTORS Ordnance Experts Score 541 Out of 600—Company E, Engineers, Second. Special Dispatch to The Star. SPRINGLAKE, N. J.June 25.—Two District of Columbia National Guard rifle teams, one from the Ordnance De- partment, State staff, and the other from Company E, 121st Engineers, yes- terday won first and second places, respectively, in the six-man company team match of the Seagirt interstate rifle tournament. The ordnance experts were awarded {ndividual cups and a trophy presented by Capt. Arthur H. Esterly, New Jersey National Guard, by reason of their fine score of 541 points out of & pos- sible 600. Company E, which won the event in 1926, totaled 10 points less for second money, while Company F, 114th Infantry, New Jersey National Guard, took third prize with 521 out of 600, and Troop C, 103d Cavalry, Penn- sylvania National Guard, fourth, 497. Sergt. Geraci's Score. Sergt. Philip C. Geraci, who came here on his cwn initiative in order that his detachment might have sufficient men to enter a team, led the field with 93 out of 100, tielng and out- ranking Capt. Just C. Jensen. The remaining scores were as follows: Pvt. Eugene A. Ross, 91; Pvt. George P. Kern, 89; Staff Sergt. Alex J. Thill, 88, and ‘Sergt. Theodore L. Harrell, 87. The match consisted of 10 ~shots standing at 200 vards and 10 shots prone at 600 yards, with Company E sharpshooters leading by 2 points. at the former range, but losing 12 points at the latter range: They made ‘the following individual scores: Sergt. Ed- ward D. Andrus, 93; Capt. Clarence §. Shields, 92; Sergt. Harry B. Par- . 91; Sergt. Henry M. Boudinot, Second Lieut. William R. Lane, 86, and Sergt. Gilbert L. Johnson, 82. In the Dryden Trophy match, which was open to eight-man teams and in- cluded the company team course of fire and 10 additional shots at 1,000 vards, the United States Navy copped both first and second places with shots of 1,079 and 1,058 cut of a possible 1,200 points. 1,050 for Third Prize. The District of Columbia Guardsmen tallied 1,050 for third prize and the New York National Guard, 1,026 for fourth. Individual scores of the local participants were as follows: First Lieut. Thaddeus A. Riley, head- quarters 121st Engineers, 134 out of 150; Lieut. W. R. Lane, Company E, 133 Sergt. E. D. Andrus, same com- pany, 133; Sergt. H. B. Parsons, same company, 133; Sergt. T. L. Harrell, Ordnance Department, 132; First Lieut. Walter R. Stokes, Medical Detachment, 121st Engineers, 131; Sergt. A. J. Thill, Ordnance Department, 127; Capt. Just C. Jensen, State staff, team captain, 127, and Staff Sergt. Franklin R. Brickles, Company A, 121st Engineers, alternate. One of the most interesting compe- titions is the 500-yard Swiss match, in which each participant gets two sight- ing shots and then continues to fire until he misses the 20-inch bull's-eye. Although the majority of competitors hear the scorer announce that their first and last shot for record is a “four,” Sergt. Walter Walsh, New Jersey Na- tional Guard, ran 39 bull's-eyes in a row, to win the silver medal offered by Mr. Hugo Neuburger of St. Gallen, Switzerland. _Lieut. W. R. Stokes was second with 29 stralght, Sergt. Parsons, fifth, 18; Lieut. T. A. Riley, sixth, 13; Staff Sergt. F. R. Brockles, seventh, 9, and Sergt. Andrus, tenth, 7. Others in Money. Five District marksmen each scored 48x50 to finish in the money in the 600- yard Hayes match, Sergt. Andrus taking eighth place, Sergt. Harrell, eleventh; Staff Sergt. Thill, thirteenth; Sergt. Parsons, fourteenth, and Capt. C. S. Shields, fifteenth. The gold medal was won by James Hanley, Crescent Ath- letic Club, New York civilian, with a “possible” 50. INCREASE IN 0DD-LOT STOCK BUYING NOTED Special Dispatch to The Star. NEW YORK, June 25.—The “little fellow” 15 getting back into the stock market. This word came. togay Yom brokers with savings banx connections. Orders from such institutions for high- grade common and preferred stocks in lots of 5 or_10 shares and in amounts of $1,000 or less, followed the announce- ment that four of the leading local sav- ings banks had reduced interest rates irom 4 to 3'2 per cent:. . With every prospect that more sav- ings banks will reduce interest rates, brokers are looking for a considerable increase in this type of odd-lot buying. Queries among “little fellows” who have appeared personally at brokerage offices the last two days clearly indicate that such buying is for investment rather than speculation. Meanwhile municipal bond dealers are watching carefully every interest rate reduction, because such a movement should tend to make thelr wares more attractive to savings banks paying & rate less than 4 or 4, per cent. It is impossible for banks to buy low field bonds and still continue to pay high interest rates on savings deposits. BUYS GAS INTERESTS. ELMIRA, N. Y., June 25 (P).—Gale H. Stalker, president of the Tri-State Oil & Gas Co. of Elmira, has announced that his company and the Bigelow Gas Corporation of Rochester had pur- chased all the Wayne gas field interests of the Wittmer Ol & Gas Co. of Pitts- burgh and the Acme Drilling Co. Leases on 7,000 acres of land and three pro- ducing wells changed hands. The pur- chase price was not disclosed. Regular Anaconda Dividend. NEW YORK, June 25 (#).—Directors ©of Anaconda Copper Mining Co. today declared the regular quarterly dividend of 37'% cents, payable August 17, to stock of record July 11. —Keep;your; skin comfortable this'summer Bz G G Don’t endure even one hour’s annoyance from any of these discomforts—just apply Res- inol Ointment freely as soon as the trouble appears. The itch- ing, burning torment stops at once and the skin usually be- comes well in an amazingly short time. At all druggists. esinol Baltl. morae, Md BUSINESS MEN AWAIT RESULTS OF HOOVER DEBT HOLIDAY PLAN President’s Action Is Believed Generally to Have Averted German Crisis and Paved Way fOl‘ Tracle Recovery. BY CHARLES F. SPEARE. Speclal Dispatch to The Star. NEW YORK, June 25.—Now that the dramstic effects of President Hoo- ver's one-year moratorium proposal have worn off and the modified French acceptance of it has been received, there is & considerable amount of impatience on the part of the average American business man to see practical results from it. He has had these so far in & spec- tacular rise in domestic securities and in foreign dollar bonds. This has added many billions of dollars of market value to American investment holdings. Con- sequently it has created a more satis- fied state of mind on the part of the owner of securities. At the same time it has fortified the portfolios of insti- tutions and corporations which have been greatly in need of an improvement in_their situation before making their half year or quarterly reports. Effect on Commodity Prices. In the market for commodities - the reaction to the good news has been sig- nificant, but not sensational. The most important gains have been those in cotton and in copper. These com- modities directly reflect the interna- tional attitude, inasmuch as a large part of both staples, which Europe re- quires in her manufacturing districts, is purchased in the United States. Wheat has also advanced. So have several of the base metals, as well as sliver and silk. The change in the status of the majority of commodities has. been slight, but it denotes a trend and a condition of perhaps completed liquidation the same as in securities and an ability to respond more quickly than at any time in the past year to favorable events. Last week, for in- stance, the commodity index showed the first rally in several months. ‘The situation to date, therefore, is that values of securities have advanced on the change in the political and eco- nomic status of Germany, while earn- ings and dividends have been declining. The same is true of commodities, which have been just as abundant as they were a week ago, with no evidence, so far, that the consumer has taken a new attitude toward them because Germany has been rescued from a panic. And TRAVEL BARGAINS Every motor bus fare, every day, is an “excursion” fare! Go when you please—save dollars on every trip. It's the cool, comfortable way in Summer, to anywhere in America. BALTIMORE $1.25 (Special Round Trip) Low One-Way Fares PHILADELPHIA $3.50 NEW YORK 550 RICHMOND 3.50 FRED'RICKS'G 1.75 SYRACUSE 1050 BUFFALO 1150 CINCINNATI 1375 HARRISBURG 3.25 WILLIAMSP'T 6.15 PITTSBURGH BOSTON ALBANY CLEVELAND 1025 DETROIT 1300 ST.LOUIS 20,00 CHARLESTON, W. VA, CHICAGO - 17.50 DENVER 37.50 LOS ANG’LES 54.50 9.25 UNION BUS DEPOT 1336 New York Ave. N.W. Phone: Metropolitan 1512 “Charter a Greyhound Bus for Your Party Trips” cm:@m&n THE EVENING STAR, WASHINGTON, D. C, THURSDAY, JUNE 25, 1931 this is why the impatience of the Amer- ican business man, who has seen his plants running at low capacity and his earnings shrinking for the past year and a half, now exhibits itself to such a degree, Stock Market Response. After noting the remarkable response in the stock market to the moratorium proposal, he is rather expecting to see shops that have been closed starting up again, railroads putting idle cars and locomotive to work, automobile factories announcing a new scale of production and a brisk demand for all of the lead- ing commodities sufficient to affect their visible supply. There are skeptics who do not see wherein the change that has come about can make people eat more wheat, or use more cotton, buy more automobiles, or build more homes. It is recognized that the processes of recovery from as long and as severe a depression as has been experienced by the United States and by the rest of our pen worth dollars at TAUBMAN’S! Tomorrow—for only —TAUBMAN'’S bring to you values that in many caces would ordinarily cost the world will be extremely slow. They might have been much longer delayed had there been no help given to Ger- many, for last Saturday that country was as near to a complete credit col- lapse as she could go. Even with the stimulus of & mora- torium, nothing much more than a gradual change of mind toward the business outlook can be expected im- mediately. It has long been recognized that this must precede actual evidence in production and consumption that the turn had arrived. It is not im- probable that credits on a large scale will be granted to Germany this Sum- mer and that the additional buying Eower which this will provide may ring the initigl impetus to the Ameri- can industrial world. Crisis Averted. ‘The biggest thing that has happened is that a crisis that would have af- fected the entire business and financial world has been averted and for the first time in more than a year definite support and leadership has been given | to a situation that was rapidly getting out of hand. This developed coincident with a lquidated condition in most securities and in most commodities and rather general proof that business had touched bottom. The most that can be said now is that_the valley of the depression will not be so broad as had been predicted because of the relief at the critical period in its history which has been rendered this week to Ger- (Copyrij Postmen of Dalkleth, Scotland, are to use motor cycles. nies are a penny B che. t you as high as one dollar! Tomorrow, the lowly copper performs Miracles at TAUBMAN'S, With practically any regu- lar article you buyat Usual Low Prices, we Our will gell you another item for only ONE CENT — as k58 displayed in this ad in our stores. We positively have not in- creased any price—our usual low prices prevail - save in one instanc and When purchased with any alze vire. @lant Brunswlek, 30534 344 Brinewick, ‘393440, ) Simonize—wherein ac- cordance with our agreement with the manufacturers, we must ask the regular list price of 60c be- fore we can sell you another can for just lc. So come tomor- row to TAUB- MAN’S --. and bring your pennies with you! It's a sale you’ll never grow tired of talking about! NUKAR top Dress- ing at 85¢. TRIPLE-E PENNA. OIL 1 Gal. Guaranteed 1009 Pure Pennsylva- 01l The be When purchased with aiip covers for any car. HOSE NOZZLE with any B Bat- tery selling from e Sloaner that et ine "oelainal lurtrs v g nes, ‘ausiproot Tin- FLASHLIGHT BATTERIES Fine batterles, that will service. All sizes as 1g our regular low prices. at 5 ‘When purchas- Washington Produce 273utm—0ne-mnd prints, 28%; tub, Egi 18830; Eggs—Hennery; celpts, 16%al7. Poultry, alive—Spring broflers, 3 pounds and over, 33a34; 2 to 2% pounds, 82a33; smaller, 28a30; Leghorns, large, 24a25; small, 20a22; hens, large, 20a21; small, 18a20; Leghorn hens, 15a18; roosters, 12a13. Dressed Spring broil- €gs, 3 pounds and over, 37a38; 2 to 2% unds, 36a37; Leghorns, large, 28a30; small, 24a25; hens, large, 25821 23a25; Leghorn hens, 18a20; roosters, 15a16; Long Island ducks, 22a23. Meats—Heef, 121:a14; veal, 14; lamb, 18a20; pork loins, h led, frozen, 17a18; fresh ham: shoulders, 13; smoked hams, smoked shoulders, 12; strip bacon, 21; lard, in bulk, 10; in packages, 11. Live stock—Hogs, heavy, 6.50a7.25; light and medium, 7. 80; pigs, 7.00a 7.80; roughs, calves, 4.00a 8.00; Spring lambs, 5.00a7.50. Fruits—Watermelons, 30a75; canta- loupes, jumbos, 3.25a8.75; standards, 3.25; ponys, 2.50; fldts, 1.10a1.25; hon- eydews, 1.50a2.00; honeyballs, 2.50a4.00; plums, 1.5022.00; apricots, 2.00a2.25; oranges, Florida, 5.00a5.50; California, 5.50a6.00; limes, per 100, 1.75a2.00 lemons, 5.00a6.00; grapefruit, 2.50a3.00; bananas, 1.00a3.00; huckleberries, 4.00a 6.00; few exceptionally fancy, 8.0029.00; blackberries, 3.0024.00; pineapples, 2.50a current re- 3.00; cherries, 32-quart crates, 3.00a3.50; TUBE PATCHING Self-valcaniz- ing rubber material. tery that give wonderful When purchas- ed with the Micro Auto Horn, one of the finest horns on the market at SCREW DRIVERS 3,4, 50r6In Well made, for all work. When purchas- ed with 36 piece, 500 Combina- tlon Wrench Set at §2.95. hen purchas- h any A. ca ular low prices. ‘When bought in pairs. Pennsylvi Tennis Balls ] | SINKERS Any Size Ideal for the fisherman, In any slze you want. When purchas- ed with any rod or reel. GILMER GO BALLS 3 TA 3245 M St NW.—1724 14th °St N.W.—1201 7th St. N.W.—1111 H St. NE—All Five Stores All Stores Open Saturday Until 11:30 P.M. raspberries, per quart, 25a30; graj grapes, ‘Thompson 3 ol bushel, 2.50a4.00. rhub-r’l;,u per % les—Potatoes, new, barrel, 2.2503.50; old, 120-pound sacks, 2.80; sweets, 2.00a2.25; corn, 1.75a2. beans, ; limas, matoes, Mississippi, Florida, 6-pan carriers, squash, 1.00; carrots, bushel baskets, 1.00; crates, 2.50; kale, 30a40; spinach, 30a40; squash, 60; cucumbers, 50al. lettuce, Iceberg, 3.50a4.50; Pennsylvania, 1.00; peppers, 3.00a3.50; celery, 3.50a 4.00; cabbage, 35a50; onions, Bermudas, 50 pounds, 1.75; Spring, 100 bunches, :éz&r:.g‘;m‘srr Ll:& bunches, 2.50; Ly ¢ g abbage, 30a40; peas, 2 [NEW BOND IS.SUES GAIN AS MARKET IMPROVES ’ | Special Dispatch to The Star. NEW YORK, June 25.—With & rising bond market now in progress for three consecutive sessions, activity in the new capital market was con- siderably increased yesterday and there was a total of $134,325,000 of new bonds, the largest day’s total in many weeks. ‘The principal item was $85,000,000 of Commonwealth Edison 4 per cent bonds maturing 1981. ‘They were priced at 94, to yield more than 4.25 per cent. The proceeds will be used to retire $59,774,000 of outstanding 5 AUTO BULBS Any car A complete line b r lamps _for model Ford: WIPER BLADE Size Single Ply When purchas- ed with conven- lent, sturdy serew type Jack at 99¢. W 81 Streak Golf Balls, $5.40 dozen. G 2 OUNCE BOTTLE OF SHELLAC [ Flrat quaity 'lflc.l. 28. sk Bicycle TH at just $1.3¢ & per cent and 6 per cent bonds and for other co te purposes, The issue was mw{f"x’-‘w close to the market there was an oversubscrip- quoted at | and, though tion reported, the bonds vee; Y ;hnds discount over the country. n issue of $32,000,000 of Jersey Cen- ' to yield 3.60 per cent. There allo were a number of small municipal issues, b tral Power & Light 30-year 4l2s was priced at 101 to yleld about 445 per | cent. The State of Minnesota offered $8,600,000 of 3% per cent bonds ma- turing serially 1941 to 1947 at prices First Mortgage ns ’ Besides the liberal In- terest which our 6% First Mortgages pay on your investment, there is conservatively ap- Praised improved Wash- ington real estate back of them for security. May be purchased in amounts from $250 up. B. F. SAUL CO. National 2100 SUCTION ASH RECEIVER T Suetion cup type. Stick It anywhere you Assorted When purchas ed with one of heavy, well bullt ° Luggage riers from urchas- com- COTTER PINS or LOCK WASHERS Assorfment of 50 Well made pins and wash Will glve a usual amount of wear. REAR VIEW MIRROR When purchased with set of Hub Luxe St of 5 De for Model A Ford, $2.85 Do Luxe Set of 4 for 1929 Ghov. 6. 52.56 St of 5 for late 19301931 Chev., s2.09 PAINT BRUSHES Il.lp to 2I-ln. Size n U VALVE INSIDES ¢ more or lons of paint. Fresh stock. Shrader quality. MAIN STORE, 418 NINTH STREET N.W. Of Course You Like Quality Resists HEAT—Iasts long. With the high speeds of modern fast driving Autocrat does not “use up” quickly, With Autocrat you use less oil. advantages for 3m yourself. QUART BAYERSON OIL WORKS COLUMBIA 5228 Try Autocrat the next time you need oil, and judge its AUTO FUSES Any Size Just the thin ] [ HYDROMETER Sturdy Rubber Bulb, heavy Glass Cylinder, and a hard rub- ber mozzle. ed with any size ary When purchas- ed with com- plete Auto Bulb Kit—2 headiltes and 2 tall lites, 85c. When purchas- of our famous batteries. _ 11- ate......$3.95 (with'eid one) BLACK AUTO CUSHION A handy, well- made comfort- able cushion ““covered with non-fading black leather- ette. When purcha: for any size or make car. CHAMOIS SKIN No. 4 Size Soft, pliable chamols. Wash- s clgan with- out shears. When purchas- ed with a ean of wax - finish Auto Shyne. In colors to match your car, #5c. WOLF GRASS CUTTER 1 RUBBER DOOR CUSHIONS ¢ Made of live rubber to with- stand shock. When purch: ed with a pi of our sturdy, white duck sall-. or, pants at 89¢. Enables you to cut grass with- out hending your back. When purchas- ed with any size L M AN’S