davidaulloa/AmericanStories huggingface dataset:
Evening star., 1922-06-24

WELLESLEY HILLS, Mass. June
24.-In discussing the general situation
for the week, Roger w. Babson. the
statistician. today made the following
analysis Of the automobile industry:
MANY persons have been surprised
at the recent rebound in the automobile
industry and in the price of automobile
securities. Those. however. who have
been carefully watching the situation
are not surprised. The price cut in
automobiles developed new buying; the
extension Of the good roads movement
increased the point OF saturation. and
the reduction in the cost Of tires and
general supplies encouraged more peo-
pie to use cars. The man who has
never had any car now drives one, and
the man who was content with one
car now has two or three. No, the
saturation point has not yet been
reached. Moreover, as our system of
good roads is extended, this saturation
point is pushed further and further
away. The saturation point for auto
mobiles in this country will not be
reached until our system Of highways
has been completed and perfected
The great factor. however. which is
today making business for the auto
mobile companies Is the silent and in
sistent purchasing OF parts by the
present users Of cars. People have no
idea of the tremendous business exist
ing today in automobile parts. It is
generally estimated that about ten
billion dollars Is invested in automobiles
and their accessories. 1t Is further
estimated that man spends about five
Evening star., 1922-06-24

per cent year on repairs and that a
large proportion of this is for new parts
This means that from three hundred to
four hundred million dollars Of auto
mobile business per year exists in the
manufacture and sale Of new parts for
cars already sold.
Net Profit Small.
mot only is this a large amount Of
money, but there is as much net profit
in this business as in double or treble
the same amount Of automobile busi
ness. II you have any doubt Of this
take the parts catalog for any car and
add up what 1t would cost to buy all Of
the parts of the car separately. Not
only are the companies getting high
prices for these parts. but there Is prac-
tcally no expense connected with the
selling OF these parts. When buying a
complete car I may buy from any one
Of hundred companies. but when buy
ing a part to one OF my present cars I
must buy Of the company which manu-
is bringing In to the Older companies a
tremendous income.
Investors will therefore see that
the automobile business has gradu-
ated from the experimental stage and
has become q great settled industry,
at least so far as the older company
is concerned. The good will asset OF
every business should increase as
years go on, provided 1t manufac-
lures honestly a useful product. The
older automobile companies. however.
possess the additional asset Of being
able to sell parts for existing cars.
Many Of these companies could pay
their dividends, certainly their pre-
ferred dividends. from the profits
Evening star., 1922-06-24
REALTORS WILL HOLD
SMOKER AND SUPPER
Affair Planned in Lieu Of Post
poned Meeting-Convention
Delegates to Report.

Announcement that a smoker and
supper will be held next Thursday
night at Wardman Park Hotel In lieu
of the postponed monthly meeting OF
the Washington Real Estate Board
was made today by John A. Petty,
executive secretary of the board. The
regular June meeting was deferred
because of the absence from the
city of local delegates to the conven-
tion in San Francisco of the National
Association of Real Estate Boards.
The smoker will be in the nature of
a get-together meeting. The delegates
to the convention will make their re-
ports on the proceedings In San Fran
cisco. 1t is stated that much interest
is being manifested in the forthcom-
ing smoker. in view of the large num-
ber of Washington members who at
tended the convention. combined with
the fact that unusual entertainment
features were provided on the Pacific
coast.
The active members are especially
interested in learning of the benefits
derived by the statesmen who attend
ed the convention as winners of the
prize trips that were offered during
the winter as an inducement to in
crease the size of the delegation.
There were nine salesman who made
the trip at the expense of their offices
In addition to the report of the sec
retary most of the members who at
tended the convention are expected to
have some interesting report .tc make.
Several. however. will not return in
time to be at this meeting, having
taken a somewhat more extended
trip after, the convention adjourned.
Following are the delegates: Thomas
T.. FARRELL. j. Walter OBoyle, J. Ar
thur Lewis. E. E. Goss, Fred H. Ugast
John l.. Weaver H. l.. Rust, Thomas
Bradley, John a. Petty, F. w. Gra-
ham, Fl. Clifford Bangs. H. H. Carter
l.. p. Lilies. c. F. Clarke, l. T. Gra-
waite and William J. Drew.
Evening star., 1922-06-24
BUILDING BOOM ON
ALL OVER nation
Officials Construction Re-.
ports and Financlers Note
Encouraging Conditions.

Reports from all construction in
terests agree that unprecedented
building activities are underway
throughout the United States.
Financiers, material producers and
others who are factors in the indus
try combine in corroborating indi-
cations contained in Official construc-
tlon statistics, to the effect that
building is progressing at an en-
couraging rate.
Busy Season Ahead.
According to S. w. Straus. New
York flnancier, building will continue
apparently at present proportions
through the heart of the season.
Shortage Of fuel Is retarding activi-
in centers where the activities are
quite large. the demand for skilled
workmen in some of the trades is
greater than the supply. This labor
shortage appears primarily to be due
to the fact that apprentices have not
various reasons by skilled laborers.
AS result the available supply IN
some of the trades is being gradually
depleted which has effected an In.
crease in labor costs by reason OF
builders bidding against each other
>'-
specified time. Special efforts are pc
ing made to recruit apprentices In
order that the supply Of skilled work
men may be augmented.
"Otherwise prices are we'll stabil-
ized with tendency to seek slightly
no factors are apparent that seem
likely to interfere with present ac-
tiVities.
'It is noted also that the general
business situation Is being greatly
helped as a result Of the building
brisk demand has been created for
many basic commodities"
Cement Production Figures.
This Is again confirmed by the
May bulletin of the United States
geological survey, covering cement
production and shipments for that
month.
The following figures are from the
report:
Production in barrels 1922 1921
Fipe FSe'n mSashs on To- May 81:
Shipments in barrels
Fiqe Usn months TO May 81. 81 So go 20 1ss 600
, stocks on hand tbarrelslm .o- MN 20 ,,o mn
T Production Of Portland cement : sti dur
ing. May. 1922. was 11.17S.o0o barrels,
which is the largest amount ever
produced in any single month. How
ever, the outstanding feature of the
situation is disclosed by the indicated
movement of cement, May shipments
being in excess of any preceding
month, and for the Ave months end
ing May 81 they were greater. than
during any similar period in past
years. Shipments for the period were
more than 100000 barrels ahead of
last year and nearly 100000 barrels
in excess Of 1920, which was the
largest year for the industry. B..
The great demand for Portland ce-
rnent Is attributed to the record
breaking proportions of the building
boom which Is under way and to in
creased municipal improvements. The
construction of concrete pavements
is also an important factor as the
yardage under contract this year is
gree ter than ever.
Evening star., 1922-06-24
STRIDE |
IN REALTY VALUES
Abstract of Title for Two
Blocks in Northwest Re-
markable.

Evidence of the remarkable ell
hancement in real estate values in
the city of Washington is disclosed
in an abstract Of title for the two
blocks Of ground lying between Con-
l. street to NJ street. northwest, across
De Sales street.
These blocks, representing now a
valuation running into millions 9f
dollars, were conveyed in 1851 by this
unite3 States government to Nathan.
ieI Carusi 10. consideration ot
$5,0S9. He. in turn. conveyed the
property to the Sisters of the Vista
tion Convent. in 1857, for $4,000.
Part of this ground originally occu-
pied by the convent is to be the site
of the new Hotel Walker. to cost
nearly 100000. Ground for tn
enterprise will be broken within tSe
next few days, 1t is stated by tho
Allan E. Walker Investment Com-
pany. 4
In Petworth the company has just
| completed two groups Of garden
apartments, a new feature in WASH
ington building enterprises !
These apartments are located oh
Webster street between Rock Creek
Church road and I'd street On tire
same street the company also has
under course Of construction nine
brick homes of the six-room, recep-
tion hall and bath type. Three Of
these homes have been sold sbefofte
completion.
The company reports a very actiyss
market at this time in all. classes df
property and predicts that the brisk
market VIII continue throughout the
summer and fall months
Evening star., 1922-06-24
Finance and Trade Conditions
Viewed By Roger W. Babson-

Saturday
Evening star., 1922-06-24
SALES OF PROPERTIES
IN WEEK TOTAL 1854

Business and residential properties
valued at approximately $S5,450 were
transferred this week through F. NJ.
Johnson's office, it was announced to-
day by +. r. Lewis.
Among the properties sold was that
of business establishment. contain
ing an eight-room apartment above,
at 5235 Georgia avenue. This prop
erty was sold by A. W. Felka to
Van Pearce for $4,000.
other properties were sold. as fol-
lows: S27 Ingraham street, c. NJ.
Wailingsford to B. r. Myrton, S7750;
SIS Q street. Van Pearce to A. w.
Felka. $4,000: $40 Narnum street, L.
G. Weimer to W. NJ. Mcdonald, $500:
rs Varnum street. w. A. Noel to A.
E. Jonscher. $500; 731 Kentucky
avenue southeast. G. l. Whitford to
f. r. Rogers. $500. and 1921 Della
field place, A. w. Felka to A. ID.
Hathaway. $11,500.
The firm has completed two new
homes at 1891, and 3733 Northampto on
streets. Chevy Chase. These houses
are of frame and stucco construc-
ton and contain nine rooms and two
baths, with garage.
Mr.. Johnson reports two other
houses, located at 3S1S and 1924
Kanawha street. nearly completed.
Evening star., 1922-06-24
hingons Growth Reflected in Real Estate and Building News

which permits were issued this week
have been described in the past,
when plans were first announced.
Among these was the ten-story con-
the F. H. Smith Company Is erecting
a. 815-SI7 18th street northwest, at
a cost of 100000.
Other Important Projects.
The more important projects ap-
proved follow:
H. r. Howenstein. to erect four
dwellings at s. 8. 7 and 8 Commodore
Barney circle southeast; value.
Same applicant. to erect two dwell
east: value, $4,000.
Same applicant, to erect thirteen
dwellings, from 1901 to 1925 H street
southeastp value, $4,000.
]. e. Smith. to erect shed at cor
ner 7th and Franklin streets north
A. Zanga, to erect private garage
at 481 c street southwest; value.
A. W. Carroll. to erect frame dwell
ing at 243l Anger avenue southeast;
value, $3.50.
C. C. Trevey. to repair and change
fuel shed at 1712 B street southeast;
cost $500.
Installation of Elevators.
International building, 1919 F
street. to install elevators; cost
National Capital Hotel Company
to make alterations and repairs to
Washington Hotel, 18th and F
c. H. Mayors. to erect house al
1905 Alaska avenue; cost. $1,000.
Barnette Altman, to erect building
at 253s Wisconsin avenue: cost
$1,000. =
Home Ice Company. to install ma
chinery: cost. $4,000.
John Branch, to erect building al
600 Division avenue northeast; cost
". r. seltzer. to repair GAO E
Alice Holloway, to erect store al
1913 G street; cost, $4,000.
r. S. Stunz, to erect building at 1883
Park avenue; cose. $4,000.
New Bank Building.
Riggs National Bank, to erect a
1--WE story bank building at 1901 Penn
sylvania avenue; cost 100000.
S. Stokes, to erect building at 1872
Massachusetts, avenue: cost. $4,000.
ings at 5515-17-19 Illinois avenue;
cost. $4,000.
T. Lewis, 351s Nichols avenue south
east: cost. $4,000.
Rev. P. Di Paola, to repair 3406 18th
street northeast; cost not given.
Automotive Accessories Company.
to build a structure at 10th and e
streets: cost, $4,000.
P F. Mcdonald, to erect three
dwellings at 2s16-1S-20 Porter street;
cost, $4,000.
B. H. Gruver. to erect dwellings at
sa3o-a2 Pierce Mill road: cost. $4,000.
J. Goldenberg. to repair 700 7th
street; cost, $1,000.
F. J. Walker. to repair 1913 +
street: cost, $500.
w. Preston, to build 1920 Spring
road; cost, $4,000.
Lodge Temple Permit.
East Gate Lodge. F. A. A. NJ, to
build temple at Rhode Island and
Mills avenues northeast; value, $42,-
900.
G. v. Talbert. to build at 1910 Mary
land avenue northeast; cost, 1900.
Evening star., 1922-06-24

w. c. and A. N Miller, to build az
3417 Woodley road; cost. $4,000. i
d. ]. DUNCAN, to build eleveh
homes. from 4211 to 1921 Sd street;
cost, $4,000.
A. P. Ruth. to build at ss17 Laurel
street; cost, $500.
Boss & Phelps, to erect two dwell
ings at 3602-4 Macomb street; cost,
$4,000 .
Building to Cost SI7,5O0. I.
Same applicants, to erect building
at 3605 Lowell street: cost, 1880.
H. L. F1emer. to build at 27o7 South
Dakota avenue northeast: cost. 81, 500
w. L. Thurber. to build at 1907 Que
sada street: cost. $4,000.
D. ]. DUNCAN, to erect dwellings at
227-229 Upshur street; cost. $4,000.
w. B. Howe. to repair 1921 H street:
cost, $500.
Bessie Ossin, to erect public garage
at SD and Dix streets northeast; cost,
$2S0o.
Representative Martin B. Madden ff
Illinois, to erect dwelling at $500 32h
street: cost, $685. 500.
Evening star., 1922-06-24

from sale Of parts. II Ford did not
manufacture another car he could do
a tremendous business for years to
come in manufacturing parts for the
cars. already sold. II the saturation
point is ever reached in the automo-
bile business. the profits from the re-
placements of machines and the sale
of parts will still be tremendous.
New Firms Lack Asset.
"Of course. new automobile COM
panies do not possess this asset.
Hence conservative men purchase
only the stocks of the older and more
stable concerns. Wise investors also
look carefully to the capitalization.
Before buying an automobile stock
divide the capitalization by the an
nual output both in cars and in dol
are overcapitalized and certain COM
panies with small outputs have very
conservative capitalization. There
fore one should consider both the out
put and the capitalization. Neither
ing an automobile stock.
II want to emphasize particularly.
concluded Mr.. Babson. the fact that
the automobile industry is today a
permanent industry and that the Sc
curities of the standard autom obile
companies should rank with those Of
the Hteel companies moreover, III
view of the foreign competition
which the steel companies will soon
have, I should even be inclined to
sell certain steel securities and invest
the proceeds in seasoned automobile
stocks"
In spite Of strikes, actual and
threatened. general business is hold
ing its own. The index of the Bah
son chart shows activities at II per
cent below normal, the same as last
Evening star., 1922-06-24

activities, membership development.
board meetings and office manage
ment.
In February a winter confer
ence was held in the city Of Chicago,
and the amount of constructive work
accomplished at that meeting has
justified the officers of the association
in establishing the mid-winter con-
| ference as permanent feature in
addition to the annual convention.
The funds received from dues are
devoted almost entirely to the publi
cation of u monthly bulletin for cir
culation among secretaries through
out the country. This bulletin con-
tains information and special articles
that are considered helpful in the
work of secretaries, as they deal en-
tirely with problems in which real
estate boards are vitality interested.
Evening star., 1922-06-24
BUILDING PERMITS
IN WEEK, $1,59D,0)D
Inspectors Office Working
Overtime to Handle Ap-
pIications.

The wave of construction activity
which has engulfed Washington re-
ceived impetus this week with the
issuance of permits for buildings to
cost more than s1.550.oo0. =
T. L. Medford. in the office of the
municipal building inspector. record
ed yesterday the ten-thousandth per-
init granted since" July /, 1921. Last
year. during q similar period. only
S,310 permits had been issued The
increased activity Of builders in
Washington has taxed the building
inspectors Office to the limit of it's
capacity, and with several employees
on their vacations. the men are work
ing overtime in an effort to cope
with the work.
Some Of the larger operations for
The evening herald. (Klamath Falls, Or.) 1906-1942, 1922-05-05
COUPLE TELLS
FRIENDS WHAT
CHANGED THEM
II IL Hard to Tell Which Of
Us 10 the More Enthusi.
astic About Tanlac, Says
Husband.

"lt IL hard 10 tell who thinks the
most Of Tanlac. my wife or myself. "
said e. l.. Johnson. well known car.
penter and farmer living on X. r. d.
/. Box ~. Troutsdalc. Oregon. MY
stomach and kidneys bothered me n
lot. No food seemed to agree with
me. and gas seemed to stay In my
stomach all the time. My back was
weak and lame and II was all could
do to get out OF my chair at times.
My sleep was all broken mp and II
took all my grit to pull through
every day.
MY wife was troubled with chron.
Ic indigestion and wasn't eating hard.
ly as much as was. Well. Tanlac
has done US both 80 much good we
have fine appetites. eat anything. and
feel better than In years. We both
think a lot Of Tanlac and are always
telling our friends about It."
Tanlac and Tanlac Vegetable pills
are sold by druggists eyerywhere.--
Adv.
The evening herald. (Klamath Falls, Or.) 1906-1942, 1922-05-05

covered judgment agalns. Fred NJ.
Gordon. defendant, for the gum Of
5000 with interest thereon at the rate
OF 3 per cent per annum from May 4.
1920, attorneys fees In the sum OF
500 and costs and disbursements
taxed at S3s.10. on the 2fst day Of
April. 1929.
Notice is hereby given that ! will
on the goth day OF May. 1922. at the
front door OF the county court house
at Klamath Falls. Klamath County,
Oregon, at 10 o'clock In the forenoon
Of said day. 'sell mt public auction TO
the highest bidder. for cash, the fol.
lowing described property. to-wlt'
Southwest quarter OF northeast
quarter OF Section 80. Township
40 south. range 12 East OF the vii.
lamette Meridian. in Klamath
County. Oregon. together with all
and singular the tenements. here
ditaments and appurtenances
thereunto belonging or In any wise
appertaining,
taken and levied upon as the property
OF the said Fred NJ. Gordon, or as
much thereof as may be necessary To
satisfy the said judgment In favor OF
plaintiff and against said defendant
with interest thereon, together with
all costs and disbursements that have
or may accrue.
l.. l.. Low. Sheriff.
by BURT 4. HAWKINS.
Deputy.
II ~
The evening herald. (Klamath Falls, Or.) 1906-1942, 1922-05-05
WHY ~ IT?

They lIn thcir eyebrows.
Thoy beIghtcn their ompicxions.
They tit their chIps.
They raise their voices.
They elevate their skirts.
They build up their heels
And yet there arc people who say
that tho modern girls do not devote
any thought or time to the higher
things.
The evening herald. (Klamath Falls, Or.) 1906-1942, 1922-05-05
NOTICE or sHERIrFs SALE

BY VIRTUE of an execution In
foreclosure duly issued by the clerl'
Of the circuit court OF the county OF
klamath. State OF Oregon dated the
2lst day Of April. 1922. In a certain
suit In tho circuit court 'cr said
County and State. wherein TIE Flrst
National Bank OF klamath Falls Ore
gon. a corporation. as plaintiff. re.
The evening herald. (Klamath Falls, Or.) 1906-1942, 1922-05-05
VOISTEAD MATHEMATICS

Two pints. ono QpMt,
Two quarts. one fight.
One fight. two cops.
Two cops. on, Judge.
On. Judge. thirty days
The evening herald. (Klamath Falls, Or.) 1906-1942, 1922-05-05

Re kind to animals week" should
include motor cars. John Au;cn says.
since a car now Ia the only pct many
persons have around the place,
The evening herald. (Klamath Falls, Or.) 1906-1942, 1922-05-05
4 Nlgiht 1lAi,icr

Never ask your husband for mon.
.y." counscicd tho old married NO.
man.
4 never have to- rotortcd the
young bride. proudly. "Charicy'H such
u darling. lie sleeps like n baby alt
night long.
The evening herald. (Klamath Falls, Or.) 1906-1942, 1922-05-05
Slick scheme

Our mama IL very kind TO us
Every time We drink our cod.llvcr
oil without crying to get n dime
each"
And what do you do with the
money!"
Mamma buya more oil with ~"
The evening herald. (Klamath Falls, Or.) 1906-1942, 1922-05-05
To,iay's tIrcsi,ir Puzzle

II - YOUNG horse ~ u colt. n young
COW u calf. a young sheep lamb,
could you call tn, young camel
camiHolcG
The evening herald. (Klamath Falls, Or.) 1906-1942, 1922-05-05

Everything comes to those who wait
And tho larry man waits to greet Il.
Hut rucccHn comes on with rapid gait
70 tn. fellow who goes TO meet II.
The evening herald. (Klamath Falls, Or.) 1906-1942, 1922-05-05
In iiOY

Sailor; "we have Just secn some
orange peel and banana skins float.
ing on tho starbonrd, sir"
Columbus: "Was thcrc any chow.
ing gum?"
Sailor: mo. sir"
Columbus: Then II must bc tho
West indies we'ro coming 10. and I'd
hoped Il was going TO be America"
The evening herald. (Klamath Falls, Or.) 1906-1942, 1922-05-05

Food for thought In the only kind
that remains at the old price In this
restaurants opincs Fred Fletcher.
The evening herald. (Klamath Falls, Or.) 1906-1942, 1922-05-05

Don't be whcclbarrow man IN
motor age. II takes hlgh.powcr ideas
10 buy high.powcr cars.
The evening herald. (Klamath Falls, Or.) 1906-1942, 1922-05-05

Digging wells In about tho only
business where you don't have TO be-.
kin nj tho bottom.
The evening herald. (Klamath Falls, Or.) 1906-1942, 1922-05-05

Doc Goblc says II men had tho rii;
Of second sight there would be fewer
yaHca of love at first sight
The evening herald. (Klamath Falls, Or.) 1906-1942, 1922-05-05

Spring cleaning easier with an eicc.
trio cleaner. We sell on easy terms. o
The evening herald. (Klamath Falls, Or.) 1906-1942, 1922-05-05

silence In golden. especially when
tn, tax assessor IL around--opincs N.
l.. johnson.
The evening herald. (Klamath Falls, Or.) 1906-1942, 1922-05-05

These spring days are getting pret.
~ fine. but there are some who seem
to prefer moonshine TO sunshine.
The evening herald. (Klamath Falls, Or.) 1906-1942, 1922-05-05

Tell me not In mournfui numbers
That klamath Fails IN on thc bum
Now let's all pull together.
And 500 how quick she'll hum.
The evening herald. (Klamath Falls, Or.) 1906-1942, 1922-05-05
The Office Cat
ny JUNiUB

Judge. I'm down and out"
Maybe you're down" said tho
wise Judge. "bu, you're not out Six
months"
The evening herald. (Klamath Falls, Or.) 1906-1942, 1922-05-05

Tod Case says. most men like 1T
tlo women and little women like most
men.
The evening herald. (Klamath Falls, Or.) 1906-1942, 1922-05-05

Most women think that II they had
all tho money their husbands spend
for tobacco they could yet everything
that IN needed about the house.
The evening herald. (Klamath Falls, Or.) 1906-1942, 1922-05-05

All men are born free and equal
In this country some OF them
get married--garglcs Amos Tash.
The evening herald. (Klamath Falls, Or.) 1906-1942, 1922-05-05

Lloyd Low says once upon q time
ihcr. was county sheriff who rcfus-
I'D To wear his bright star badge OF
office.
The evening herald. (Klamath Falls, Or.) 1906-1942, 1922-05-05
l.. l.. Low. Sheriff.
by BURT Z. HAWKINS,

Dated at Klamath Falls. Oregon.
April 81. 1922.
A 2i.2s NJ j-12-i9