davidaulloa/AmericanStories huggingface dataset:
Evening star., 1924-05-24
EVERYNAN'S
INVESTMENTS
By George T. Hughes
Twenty first Article.
Market Price and Value.

good many people confuse value
with market price. They are not the
same thing at all. The market price
of bond or stock is an estimate of
its value at that particular moment.
The estimate may be right or il may
be wrong. Take the case of liberty
bonds for instance. Thousands sub
scribed TO the government loans dur
ing the war. and a couple of years
later, when the market quotation
went way below the subscription
price, they were indignant and even
in some cases alarmed. They de-
clared the value of their investment
had deprecated
1t had done nothing of the Kind
What had happened was that they
had made a contract with Uncle sam.
under which they loaned to him - r
tain sum of money on his promiS" TO
return it at a specified time with in
tereSt at specified rate meanwhile.
There was never any doubt about
this contract being faithfully OBJ
served. When, however for one rca-
son or another, lot of people wanted
somebody else to take over the con-
tract they had to offer a concession
in the price. In other words. taey
had to pay for the privilege of letting
somebody else carry that loan 1t rad
nothing to do with the value. 1t hap
pens that now. when liberty bonds are
selling above par, there are a lot of
people very anxious to take over
those contracts and willing to pay
premium for the privilege
This has nothing to do with the
value either. The government is still
certain to pay the interest regularly
and the principal when due, as has
been the case all along. This illus
tration is taken because everybody is
familiar with liberty bonds. 1t APP
plies more or less to other invest
ments outside of the speculative class.
A genuine investor holding a sound
security should not pay too much
attention to temporary fluctuations
In market price. Only be sure that
the security is sound. In general
way high-grad investments vary in
market price with the current charge
for money. but that is quite a differ
ent matter, and that ! shall take up
for discussion in a subsequent article
Copyright, 1924, by Consolidated Press As
sociation.j
Evening star., 1924-05-24
TRADE LACKS STIMULUS.
Bradstreet's Report of Conditions
in General Business Field.

NEW YORK. May 24.-Bradstreet's
today says: Trade and crop develop
ment still lack the long desired slim
ulus of seasonal weather; the recess
sion in industry continues, the results
of this upon employment and purchas-
ing power being noted. as an addi-
tionally retarding element in some
areas. price development has been
rather disappointing, and the general
situation. commercial and Industrial.
may be quite accurately summed up
in the phrase, Fair to slow"
Rather more than average com
plaint of low temperatures retarding
crop growth comes from such widely
separated areas as the spring wheat
northwest, Texas, Georgia and New
England, and. very generally, crops
and trade are linked together as be-
ing similarly affected The Pacific
northwest notes the need of rain, as
do some of the west-central areas as
far south as Kansas. while rain and
hight SHOWS or frosts have been rather
a detriment lin the northern tier of
states from Minnesota eastward.
Weekly bank clearings, $S,214.45S,-
O0O
Evening star., 1924-05-24
COTTON MARKETS.

NEW YORK, May PA forecast
for cool weather in the cotton belt.
with its suggestion of further DELAY
in crop progress. brought a firmer and
active opening in the cotton mark ct
today. First prices were 16 to 25
points higher.
Increased support from Wall street
and commission houses caused later
advances which carried July contract
up to 29.10 and October to 2631. or
"a to 40 points above the previous
close.
The trade appeared to be satisfied
that the bureau report which will be
published June will reflect present
unfavorable crop conditions and prov
ed to be bulliSh influence. Scatter
ed rains fell in the belt today but the
most important influence was the low
night temperature throughout nearly
all sections of the belt
NEW YORK, May 24-Cutton flu
lures >cloSed steady
Evening star., 1924-05-24
BUTTER STORAGE GROWS
100000 POUNDS DAILY
summary of Trade for Week in
> Ten Markets-Increase in Pro-
duction Foreseen.

by the Associated Press.
CHICAGO. May 24.-Heavier re-
ceipts and increasing stocks made the
butter market easier and more unset
tied during the week There was no
outstanding demand for butter for
storage purposes owing to the prices.
but figures covering the storage
movement in ten markets showed an
average increase of 100000 pounds
daily in net holdings.
Some operators felt that increased
production and heavier receipts
would tend to make the markets cor
respondingly easy, while others held
that an increase in demand for stor-
age purposes would counteract the
effect of heavier receipts. Informa-
ton available from creameries indi-
Gated a rapid production increase in
the immediate future.
Foreign markets broke sharply with
Danish offered at So cents c. l. Z.
These offerings had little eff 9ct on
the domestic market because of high
prices. Imports at New York were
light.
Closing prices and range, 92 score
butter, at the four principal markets
during the week follow: Chicago,
unchanged at 373a; New York, 1 high
er at 80 k; Boston. unchanged at 391k /;
Phfladelp lphia, ! " higher at 4O1a
Evening star., 1924-05-24
WALL STREET BRIEFS.

r. IL" Associated Pres.
Directors of the Redo Corporation
Of America have declared initial diHi-
dends of Il per cent on the prefer
I'd stock for tn" 'irst and second
quarters of 1924, placing the stock on
q per cent annual basis. Both are
y. yable to stock of record June t.
The ChIcneo md Northwestern rail-
way earned s4.93 Il share on the COM
mon stock in 1928, after pre- erred
Ill idcndS. compared with 5000 a
share in 1922 Net income was SS,
72I7 .4GS. against $S.S?7.535 the year be-
fore.
The financial district hears that the
REYNOLDS Spring Company plans an
Company in the near future. an issue
of Reynolds Spring shares being pro-
posed aS payment.
Construction of - new power plant
at HOLLYWOOD. Pa. by interests identi-
fled with the Pennsylvania Water and
Power Company. will be financed in
New York. The new company will be
capitalized at S3.5oo.n00.
The proposed lease of the Norfolk
and Western to the Pennsylvania
railroad. which absorbed wide inter-
est in financial and rail circles, is eX-
pected 20 take definite hape next
week when directors of both roads
gather in Philadelphia. The board Of
the Norfolk and Western will meet
Tuesday and the Pennsylvania di-
rectors the day following. The lat
est Wall street report was that the
PENNSYLVANIA would offer to buy Nor
folk and Western stock with its own
bonds, as was done when the PAN
h. ndle railroad was purchased sew
eral years ago.
Stockholders of Durant Motors.
Inc have ratified a proposed increase
of 100000 shares in the authorized
capital stock. which will be used
chiefly to acquire the Star Motors
Inc. and consolidate it with Durant
Although Il separate organization.
Star Motors is controlled by w. c.
Durant and his associates and has
been manufacturing Star cars for
Durant under contract arranSa-
ment.
Evening star., 1924-05-24
Answered at That.
From Everybody's Magazin

The bus was making it's early morn
ing trip to connect with the train on
a branch line in Mississippi. 1t was
filled with half-awake passengers,
with the exception of one very talka-
tive travelling salesman. Failing to
start the usual conversation, he turn
ed to the negro driver
"Sanbo," he said, ''why in thunder
did they put this station so far from
the town.
Don't know, boss" said the sleepy
negro. "'cep'in' 1t is dey wants it on
de railroad"
Evening star., 1924-05-24
DIVIDENDS.

MOCK
able. Record.
By-Products Coke Corp, a..
2Aco preferred. ...... July June Il
Lehigh Valley Coal Sales
70 50 2........ July l June IL
This Ia same paid three months ago.
General Electric Co.. O.. y
common and 15c on $40
par special stock. 49,. July 10 June
Officers have been reelected.
Empire Brick and Supply
Co, O.. 1hTc........... June III June 10
AmaIgamated Sugar Co.. 30
Irafarred ...... Aug. ........
This includes regular So quarterly dividend
and "a hack dividends clearing up all accumu-
lations.
Plantation Co.. extra 4Oc.
also monthly 20c. June 1 May 70
Owens Bottle Co.. O.. N.75
preferred and 75c common July i June 10
Officers have been reelected.
Atlantic Terra Gotta Co.,
10 preferred . June II June
Evening star., 1924-05-24
BALTIMORE DAIRY PRICES.

BALTIMORE, Nd, May "a (Spe-
cial).-Live poultry: Leghorns, 30a
40; young stags, 20; Leghorns, old.
22a24; roosters, 16a17; ducks, young,
15a22; pigeons, pair, 40a50.
Eggs Qoss off)-Native and nearby
firsts, free cases, per dozen, "a; south
ern, %.
Butter-Creamery, good to fancy,
35a41; nearby creamery, 36a38; prints,
4Oa42; ladies, 30a32; rolls, 2Sa31;
dairy prints, 29a31; process butter,
SASS; store-packed. 28.
Evening star., 1924-05-24
BOSTON WOOL MARKET.

BOSTON, May "a (SpeciaD.-The
feeling in the Summer street wool
market today was that the slight i'm
provement noted in western range is
to be reflected here shortly. Refined
wools were in demand, but dealers
showed no inclination to shade quota
tions on the coarser grades to stimu-
late business. Firmness was the out
standing characteristic Of the mar
ket
Evening star., 1924-05-24
Markets at a Glance

New York-Stocks strong oil
shares lead in Improvement. Bonds
firm: Friscos IS at new 1924 top
price. Foreign exchanges steady: ster
ling and francs imp owe moderately
Cotton firm: continuation cool wealth
er. Sugar easier; heavy offerings.
Coffee barely steady: disappointing
spot demand.
Chicago--Cattle dull and mainly
lower. Hogs inactive and lower.
Evening star., 1924-05-24

NEW ORLEANS. May 24-The cot
ton market had a fairly firm opening
owing to decidedly favorable Liver
pool cables and reports of less fa-
vorable weather in the interior. First
trades showed gains of IL to 19 points
over the previous close and prices
continued to improve after tie OPEN
ing call on reports of colder weather
in the western part of the belt and
unfavorable advices from the early
section of Texas. July traded up to
$3.50. October to $3.50, and December
to 25.33 or 81 to 3S points above yes
terdayS close. The market at the
end of the first half hour of trading
was very steady at the advance
NEW ORLEANS. May 24-Cotton
futures closed very steady at net ad-
XanceS of 30 to 49 nnintS
Evening star., 1924-05-24
ACTIVITY IN DRY GOODS.

NEW YORK May "a (SpeciaD.-
The week in the cotton cloths mark ct
wound up with fairly active trading
and with prices in some cases advanced
shade above those of Friday. Print
cloths were quoted at 9ls for 64x60
and 104 for 6SX72. Raw silk was
weak with losses of to 10 cents
pound recorded in all except Canton
20-22S
Evening star., 1924-05-24
BAR SILVER QUOTATIONS.

NEW YORK, May 24.-Bar silver,
66as; Mexican dollars, 50ss.
LONDON, May 24.-Bar silver,
"a 7-16d per ounce. Money, 2ss per
cent. Discount rates, short bills. 3h
per cent: three months bills, 3-16a
3A per cent.
Evening star., 1924-05-24
FOREIGN EXCHANGE.
\ a
NEW YORK, May 24.-Foreign ex-

By the Assoc a led Press
NEW YORK, May 24-Foreign ex-
changes steady; quotations Tin United
States dollarS): Great Britain de-
mand, i.54h4 cables, 4.34A: sixty
day bills on banks, 4.32. France, de-
mand, .0539; cables. .O540. Italy, de-
mand, U441 ~ cables, .O442. Belgium,
demand, .o462; cable .O463. Ger
many. demand tper trillion), 23M
Holland. demand, 1888. Norway, de-
mand, 1881 Sweden, demand, 1862
Denmark, demand, 1915 Switzer-
land, demand, 1866. Spain, demand,
1874. Greece, demand, .Ul9i Poland,
demand, .00000011 CZechoslovakia
demand, 1924. Jugoslavia, demand,
.O123. Austria, demand, O00U14h
Rumania. demand. .004712 Argen-
tina. demand, .3275. Brazil. demand,
1910. Toxic. demand, .i07s Montreal,
eSas
Evening star., 1924-05-24
Ask Your Banker.

of the stock you are asked to buyP
Are you sure that the nice, honest
looking stranger is telling you the
truth? Ask your banker to look into
what he claims.
Evening star., 1924-05-24

LIVERPOOL, May 24.-Cotton spot,
small business done; prices steady
Good middling, 1857: full middling,
1922; middling, 1857; low middling,
1882; good ordinary, 1882; ordinary.
1882. Sales. 1900 bales. including
1.200 American. No receipts Fu-
cures closed very steady: May, 1853;
July, 1908; September, 1892; October,
1920; December, 1915; January, 1864;
March, 14.49
The cotton exchange here will be
closed June 9, 10. and l3, Whitsuntide
holidays.
Evening star., 1924-05-24
RosToN sToCk MARkET

bOSTON STOON WNHhEI.
BOSTON, May 24.-Following is a
list of todays highest, lowest and
closing prices for the most active
stocks dealt in here:
Evening star., 1924-05-24

yPartly extIs. Playable in prefer red stock.
i.iyi,IrIuI rates gwen in the above I,u.,
are the annual cash payments based the
latest quarterly half-yenrly declarations.
Unless otherwise noted. extra or special
dividends not included.
High Low. Last.
Cali Money .... 3
HOURLY SALES OF STOCKS.
II am. 174,400 IL m. 375.400
Evening star., 1924-05-24

The open door to opportunity-The
Star Want Ads. Read them
Evening star., 1924-05-24

TOTAL SALES (Par vaIue):
ii am. 28l0OO0 IL noon 5 42SoOO
Evening star., 1924-05-24
Business Before ID. c. Exchange.

\ decline Of ) points to 30 in stocI
of the Washington Market COMPANY
was the onit noteworthy occurrence
on the local board this morning. Thir-
ty shares We're sold.
Restricted trade in other issues
brought out firm prices, small ad-
vances being seen in Capital Trac-
ton, at 93LS: Washington Gas IS. II
95li, and Capital Traction IS, at az.
Evening star., 1924-05-24

Opening: July. 20 ~: October. 26..n: Decem
Der. 2j.J2; January, -. %: March unquoted
Evening star., 1924-05-24
U. s. TREASURY CERTIFICATES

(Ouotn tions furnished by Redmond & Col
Bid. Offer
Evening star., 1924-05-24
LIVERPOOL, Nav 24-cot+on Sr

Opening: May, $3.50 bid: July. %. 80: Octo-
Der, 2j.3J: December 25.0S: January, 25.I0
Evening star., 1924-05-24

More failures occurred in the Unite,
States this week than last. the nun
ber reported being AZ. an increase .
81 over last week : total \ y.t
ago there were 800 defaults. All sec
tons of the country had more failure
this week than last the largest in
crease being S2-in the south.
Despite further price declines aui
evidence of restricted demand fo
various commodities. bank clearing
held at high levr'. aggregatin,
s7.4S1 go N00. at leading cities Of ~.
nit..1 Statt.s tLis NNnnl.
Evening star., 1924-05-24
Official Personnel.

The official personnel Of the loo;
chapter for the ensuing year is Z
follows: President. II. w Burnsid
ond vice president, T. Hunton Lett
secretary, George NJ IreIan: treai
urer, Joseph d. Yerkes: assista1
secretary, William G. Winstead, ar
chief con~ul. Garrett N. Van Hoese
The board OF governors compris.
the following: Z. c. Calvo. Jam.
&. Dulin, jr.: John r Fletchal
George Shisler. Lois A White an
Florence NJ Wiiler
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-08-01
BROWNSVILLE BOYS
MAY GET HERO MEDALS

BROWNSVILLE, Aug. mir.
and Mrs. Joe Mitchell and children
have returned from a two weeks
stay at Lanark- on-the- Gulf.
While there the two Mitchell
boys, Earl and Joe, were the means
of saving the life of Barnett Solo
man, an act which may entitle them
to the Carnegie medal. The boy,
who was about nine or ten years
Of age could not SWIM, but had
gone over his depth beyond the
ropes and was seen to be unable
to save himself. Earl Mitchell went
at once TO his rescue but in attempt
ing to save him the boy struggled
and fought so hard that Joe, seeing
the situation, swan cut to his broth
er's assistance and the two between
them managed to bring the halt
drowned boy safely to shore. II
was a brave act IN the TWO young
boys, as many boys of theier age
might have been afraid to attempt
il
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-08-01
.LOWNDES TAX VALUES
SHOW GOOD INCREASE
Digest Shows Values Increased
There More Than Half a Mil
lion Dollars This Year

VALDOSTA, Aug. Property
values in Lowndes county Cot
Lowndes county for 1924, show an
increase of a little more than hall
a million dollars over the vaues for
1928 or to be explicit the difference
in favor of the present var is
$516,424.
In 1923 the tax digest for the
entire county showed a total valu-
alton of $11,916,s78. For 1924 the
total values foot up $12,433,302.
The valuations returned by the
negroes of the county foot up to-
tai of 1929, 500.
Considering the general condi-
tions over the entire country, the
increase is regarded as very heal
thy one, indicating real growth
in values on a conservative basis.
The commissioners during the
next month will make up their tax
levy for the year on the basis of
the valuations shown by the tax
books, and unless provisions is
made for some very material perm
anent improvements many believe
that the tax rate will not be as
great heretofore. However, this is a
matter that can only be determined
when the commissioners actually
make the levy for all county pur-
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-08-01
FIRMER TONE IN
PEACH MARKETS
Georgia Elbertas Ranged in
Price S1.75 to $500 Bushel
During Past Week


ATLANTA, Aug IA firmcr
.one pervaded fruit and vegetable
markets during the week-ending
1plv &c, says the weekly market
review, issued by 7. c. Curry, of
Tho Bureau of Agricultural Econo-
mics. Watcrmelons, peaches and
ooars we're IN better demand and
cold at generally higher prices. AL
though cantaloupe and potato mar
kots were unsettled, certain varie-
ties tended to advance, the review
shows, The weeks shipments of
% leading products decreased by
5000 cars to a net total of 10000
with sharp losses in the movement
of watermelons, potatoes and canta-
loupes.
A strongly upward price tend
encv prevailed in melon markets,
Indicating more normal situation
after the present heavy stocks have
cleaned up. Weekly arrivals in a
group of the larger cities dropped
from around 5000 cars to 1900. In
central Georgia. f. o. b. trading was
resumed and prices were $115 to
5000 bulk per car, it is shown. Car
lot shipments totaled about 1000
cars less than the previous week,
with the sharpest decrease in move
ment from Georgia, and South
Carolina.
EIbertas have begun TO move in
volume from Georgia, and the sec
ond peak came on July "a, when
the. output passed 45O cars. The
Georgia shipping season was fea-
tured by two peaks with distinct
sag between. The first peak oc-
cured after the rapid ripening of
Hileys' following period of high
temperature and hot nights. Al
that time, movement erached nearly
900 cars per day and prices declin-
ed until shipments were almost sus-
pended. Probably 200 to 5000
cars of fruit, mostly Hileys, were
left unpicked. In many orchal DIS
the entire crop of Georgia Bells
were left on the trees. Jobbing
prices advanced generally during
the week. Georgia Elbertas rang.
ed mostly $1.75 to $500 per bushel
and six-basket carriers with Bellies
$3.50 to $500. At Georgia ship.
ping points, Elbertas were slightly
weaker at $1.15 to $1.25.
Cantaloupe movements decreased
from 1920 cars to 1900 during the
week, with prices irregular, it is
stated
Irish. Cobler potatoes from tie
Eastern Shore and Norfolk Section
OF Virginia continued the feature of
important markets, jobbing around
$l.75 TO $3.50 per barrel. From
all sections, over 3,7OO cars were
shipped, or about 1000 less than
the previous week, according to the
review.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-08-01
DR.. SIMPSON FREED
OF GIRLS CHARGE

GAINESVILLE, Aug. DIR.
j. R. Simpson, prominent eye spec
ialist of Gainesville. AGAINST whom
an indictment was found by the
grand jury last week for an alleged
assault on a young woman of this
city, was acquitted by a jury Wed
nesday. The trial opened Monday
morning and the charge was given
to the jury Tuesday night. After
staying out about fifteen hours the
jury returned a verdict of not
guilty. The court house was filled
to overlooking throughout the
trial.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-08-01
FAMOUS ARTILLERY
UNIT RE-ORGANIZED

SAN PEDRO, Calf, August L.
Reconstructed as the Third Coast
Artillery, the Third Regiment Of
Artillery, historically famous fight
ing unit of the United States army
which first saw service in July l.,
1899, recently reopened its history
at Fort Macarthur, near here I'M
der the command of Major George
Ruhlen, Jr.
Battle ribbons won on home and
foreign fields during the last 1870
years fluttered from the color stan
dards as "The Fighting Third was
tremendously reconstructed at the
fort.
The Third Regiment of Artillery
came into being following the Rev
dictionary War. 1t was recruited
among the veterans of that war for
service against the Indians in The
conquest of the west.
1t first became prominent among
fighting units on Feb. 1928, 1847,
at the Battle of Buena Vista.
1t served at the memorable cap
ture of Manila, P. L, during the
Spanish-American War, and was
broken up into separate companies
in 1901 to form the Artillery corps
of the army. Parts of the famous
Third saw the action on all fronts of
France DUNG the World War.
The first thing to do to wake Up
n,,L G;,, j ..o.,,.cnlf ..;o J.. -. ,,-n Ia IN
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-08-01

Gigandra is the picture Of pep
He's the champion blue-blood
horse of England. At any rate,
he won first prize at the Royal
Agriculture show three years
ago and expects to win it again
this year. Look at his name.
When Gigandra begin to cut up,
he cuts up all over. Horse fan
ciers will tell you that he gets
that way because of his blue
blood.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-08-01

Detroit man asks divorce because
she beat him 20 times in four years
which was five times year and too
often.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-08-01

Summer, at times, is blessing.
In Kentucky robbers got all the
trousers of Pullman passengers.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-08-01

Airplanes are becming more com
mon. The upkeep doesn't worry
people as much as their keeping up.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-08-01

On any subject, there is ALWAYS
more ignorance than intelligence
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-08-01

The first thing to do to wake up
and find yourself rich is 80 wake up.
Perth Amboy evening news., 1924-12-13
NEW CLEANUP
FOR CARTERET
Great Haul Is Made of Gam
bling Materials Places
in All Are Visited

CARTERET. Dec. ia spectac-
ular raid on approximately forty-five
establishments. speak -easies, drink
ing emporiums. private resorts, sa
looms and business places was made
by the police here last night. 1t
netted a large haul of slot machines,
punchboards, prize goods and gamb-
ling paraphernalia. The police
headquarters make the appearance
of a wholesale merchandise store.
The raid was well arranged so that
the lookout men who are usually
in front of the undesirable places
had no opportunity to learn of the
plan of the police.
Three squads left police head
quarters at 8:15 p. NJ. Lieutenant
Donovan and Officers Freeman and
Ward composed the first, Chief Har-
rington and Officers Furrian and
Harrigan made up the second while
the third raiding party was compos-
ed of Motorcycle Officer Andres and
Donahue.
The three groups then started out
for their assigned territories. Tips
were being flashed about the bor-
ough. but in each section they were
of no avail as the police had already
invaded the place.
The raids were made in accordance
with recent warning issued by
Chief Harrington. He urged the
cleaning up of many places. Many
failed to heed the warning.