davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-11-12
EVERYMAN'S
INVESTMENTS
SAFETY ONLY RELATIVE TER
BY GEORGE +. HUGHES

SAFETY ONLY RELATIVE TERM.
One Of the most difficult problems
which an investment adviser Is call
ed upon to solve concerns securities
once rated as sound but which, for
one reason or another, are now mere
speculations. 1t cannot be too often
! repeated that safety is only a rela-
tive term as relates to investments.
over a period Of years changes in
the status of a particular industry or
mistakes in management may entire
ly alter the character not only of
stock. but OF a bond. Sometimes these
changes are unforeSeeable. They
GENE more often with industrial COM
panes than with railroads or public
utilities, although they are not I'M
known with the latter. Nearly every
one can remember when the securi-
ties of street railway companies were
deemed desirable holdings for the
most fastidious of investors That
was before the period of high oper-
ating costs and motor car competi-
ton.
Hindsight is no help after the dam
age is done. The important question
is what shall be done when an in
weston finds his holdings taking an
unfavorable trend. In nearly every
instance an investor who has been
in this position asks how he can
make up his loss by exchanging his
stock or bonds for some other Sc
curity. Now. hard as it may seem,
that situation must be considered as
an entirely new proposition. 1t is
impossible to recoup a speculative
loss except by INDUCING in another
speculation, and there is never any
assurance that the second venture
" ha,
first.
There is only one of two things to
do. Either you should hold on in the
hope that tbs worst has been seen or
you should accept the loss, sell out
and reinVest the proceeds into some
thing which appears a sound invest
ment. regardless of its speculat tive
possibilities. The attempt to mix
speculation with investment as a
remedy for mistakes of this kind is
rarely advisable.
Copyright, 1924, by Consolidated Press)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-11-12
NEW YORK CURB MARKET
Received by Private Wire Direct to The Star Office

the announcement of the merger or
several of the largest baking COM
panies of the country, this stock had
been bid up in reckless fashion. With
the good news out, today's reaction
was natural sequence.
1t carried with it other baking
company shares like United Bakeries
preferred, Ward Baking and Grennan
Bakeries but these declines were
limited. AS the day went on United
Bakeries common retraced part OF
the loss Trading started in the after
noon in the new Continental Baking
Corporation stocks, the b shares
opening at 161s
In the mining group. Canario and
Diamond Field Black Butte were &C
tive.
Oil shares responded moderately
to the further decline in weekly crude
production figures. with Vacuum on
the leader at. record prices.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-11-12
LOSSES ON FREIGHT
CUT S74,oD0,0l)
"Perfect Package" Cam
paign Reported Great Help
to Railroads.
,nec al pi.natch II The Sfar

Spec al Dispatch to The Star
BALTIMORE. November 12-Loss
on freight shipments in the United
states was reduced from $4,000. 600
in 1920 to $4,000 600 last year, and an
effort is being made to reduce it
still further. J. Il. Baskerville secre-
tary of the Virginia claims confer
ence. said in explaining the object of
the three-day meeting of officials of
railroad claim departments, now in
session here.
More than 100 railroad men from
railroads in the Virginia and Eastern
claims conference are in attendance
The former is comprised of railroads
in Virginia. Maryland. North Caro-
lima and West Virginia. The latter is
made up of railroads centering in
New York
Mr.. BaSkewill explained. in the lat
ter connection. that in the fall of
1921 the American Railway ASsocia-
ton carried on what was called a
perfect package campaign with
unexpected results. He said a con-
siderable proportion of the reduction
in losses between 1920 and 1923 was
attributed to this campaign.
Gov. Richie will be one Of the
speakers at a banquet to be held by
the railroad men tonight.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-11-12
FOREIGN BONDS.
STANDARD OIL ISSU rs.
Washington Stock Exchange

SALES.
Potomac Electric cons. 5s-Sl. 900 at 9Sia
Potomac Electric Z. X r as il--sl.uoo at
107.
Washington Gas 5s-sl 90" at 97l2.
Capital Traction-10 at 9312. 10 at 93l-,
10 at a3la at 93M . At 93a,. 10 at 93i2.
10 at 93ai, 10 at @39.. 10 at 49, 10 at
a3l.. = at 93l2. 10 at 93l2. 20 at 93le. -
at 93Ia 10 at 93la. : at 1917. 10 ut S31s
20 at .l:as 4 al 935, q $685..
Commercial Nat onal Eank-1 at 141.
National Metropolitan Rank. : at PSI.
american Security & Trust Coz at 30l.
/ at sol.
National Mtge. Inv. pfd.-lO at ., SO
al 8. $50 at 3, 40 at 9.
AFTER CALL.
Potomac Electric cons. 5s-S1 900 at as3s.
Washington Gas is 33-S1.pS at 102, 500
al TO- $500 al 1n2. $1,000 at lo2.
Washington Gas Js-Sl0Oo at 9Shs. 500
at 9Sas.
Washington Gas Light at DIS, 10 at
Washington Gas is $500 at 1o2. 500
at 102.
UNLISTED DEPARTMENT.
MUnsey Trust Co at H..
Mouey-Call loans. ) and per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-11-12
NEW STOCK OFFERED.

NEW YORK, November 12.-Direc-
tors of the Continental Can Com
pany have authorized an offer of adj
ditional common shares to common
and preferred stockholders, limiting
subscriptions to Is per cent of their
present holdings. The new stock
will be priced at s54 a share, which
compares with yesterdays closing
quotation of $5975 in stock exchange
trading. Stockholders of record No
vember "a will be granted the rights
to subscribe on December g. The
Offering will be underwritten.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-11-12
LOANS IN WILD JUMP.

NEW YORK, November r.
Brokers loans are estimated in the
financial district to have expanded
1925, 00O,0 900 in the last 80 days to ap-
proximately $1,000, 000,00 the bulk
of the increase having occurred since
the election with the accompanying
activity of the stock market The
estimated total is the largest thus
far this year, comparing with s1,475,-
O00 900, a month ago, but still about
$1,000 900 below the peak touched
in February, 1928.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-11-12
Consult Your Banker.

II you are inexperienced in invest
ing money, it is very unwise to plunge
into unfamiliar ventures. You will
profit by consulting some one who is
familiar with such affairs. Consult
your banker as to the requirements
as to bank investments; what are
safe for their funds are very certain
to be safe for yours. 1t is always
wei, moreover, to seek his advice
and counsel
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-11-12
DAIRY PRODUCTS.

BALTIMORE, November II (Spe-
ciaD.-Live poultry-Young chickens.
pound, 20a25; Leghorns, 2Ga23: old
hens, 16a25; Leghorns, old, 16a17: old
ROSTERS, Halls; ducks, 17a24; pigeons.
pair, 80 Guinea fowl, each. 40aS0:
young turkeys, pound, 35a40: old,
35a40.
Eggs-Receipts, 1,517 cases, native
and nearby firsts, dozen, 55
Butter-Creamery. good to fancy,
pound, 37a42; prints, 42a44; nearby
creamery, 34a36; ladies, 30a32; store
pack 221 ; process butter, 3Sa34
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-11-12
APPEALS So, 500, 900 SUIT.
Milburn Company to Get Hearing
in Damage Case.

BALTIMORE. November 1.-THE
Alexander Milburn Co. of Baltimore
whose suit against the Union Carbide
and Carbon Corporation of New York
and it's affiliated companies was de-
cided in favor of the defendant con-
Germs here last May, has filed an APP
peal.
The Milburn Company asked 1880,
900 damages. charging that the
defendants had monopolzed the
aceteyne torch business and were
guilty of unfair competition in OBJ
tanning war contracts.
The appeal will be heard in the
United States Circuit Court of APP
peals at Richmond in December.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-11-12
by WILLIAM r. HEF'F'ERNAN.
Received by Private

NEW YORK, November 12.-It was
another day of excitement on the curb
exchange, with speculative enthusiasm
at it's height. Brokers reported a trS
mendorS influx of orders from both
local and outside sources, and at times
the facilities of the exchange were
taxed to the utmost in trying to record
the great volume of transactions.
However, the price movement was
highly irregular with profit taking
sales continuing to make themselves
felt In some quarters. while in others
the upward movement kept on vigor-
ouSly. The outstanding incident of
the day was a sensational break of
80 points in the common stock of
United Bakeries. There were no new
developments to account for the dras-
tic decline.
1t viii be recalled that previous to
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-11-12
STOCK DIVIDEND VOTED.
Standard Gas Equipment Firm to
Pay 1913 Per Cent.

NEW YORK. November IA
stock dividend of 1913 per cent on the
common stock of the Standard Gas
Equipment Corporation was declared
by the directors today. The corpora
ton recently was organized through
consolidation of the Baltimore Gas
Appliance & Manufacturing Co. and
the William NJ. Crane Co. of New
York.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-11-12
FOREIGN EXCHANGE.
By the Associated Press.

NEW YORK, November 12.-For-
eign exchanges easy. Quotations Gin
United States dollars: Great Britain.
demand, 4.59S; cables, 4.595s 60-day
bills on banks, 4.563s. France. de-
mand, .O527 u; cables, .052S. Italy, de-
mand, .O433i2; cables, .0434. Belgium,
demand. .O4S31s; cables, .04S4. Ger
many, demand, 1881. Holland, 1888.
Norway, 1867. Sweden, .26SO. Den
mark, 1853. Switzerland, 1924.
Spain, 1856. Greece, .01S0. Poland,
.19A. Czechoslovakia, .O29S1h. Jugo-
slavia- .01442 Austria, .000014A
Rumania, .0055. Argentine, 1850.
Brazil, .11SO. Toxic, 1855. Montreal,
so 1882.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-11-12
WOOL TRADING BRISKER

BOSTON, November II (SpeciaD.-
Trading was brisker in the Summer
street raw wool markets today, with
a good many manufacturers, who had
waited until after elections placing
orders. Prices continue their upward
trend. Fine territory has moved as
high as 1.50, and French combines
are up from LAP to las. Ohio de-
LANES are selling 2 and 3 cents high
er in the grease than week ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-11-12

NEW YORK. November 12-Follow-
ing is an official list of bonds and
stocks traded in on the New York
Curb Market today:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-11-12
new MOVE TOSE[[
IDLE i. S. VESSELS
Shipping Board to Put Diesel
Engines in Ships at
Cost of Millions.
BY j. &. ROYI.E.

Special Dispatch to The star.
NEW YORK, November l2.-Mer
chandisinS ships that nobody wants
are tough proposition. The idle
Shipping Board fleets and the gray
hairs of the executives Of the Emer-
gency Fleet Corporation attest that
fact. But the United States Ship
ping Board took the first step in a
new sales policy this week when
1t awarded contracts for IS Diesel
engines to convert q similar number
of vessels to motor ships.
Shipping men have told the board
there were plenty of ships to handle
the worlds commerce outside those
the board has in its possession. There
is little question of the truth OF this
statement, and the board itself vir-
tually has acknowledged it. That
Is, 1t has tacitly agreed that there were
too many ships cot the wrong type .
The board now is proceeding on the
theory that It is necessary to spend
money to save money and sell the
ships.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-11-12
First Cost, $4,000 900.

The awarding of the Diesel con-
tracts VIII have an Immediate indus
trial effect in many parts of the coun-
try, since Inc contracts We're scat
tered from New England to Oakland
Calf. This effect will he heightened
by the placing Of contracts for the
auxiliary machinery and by the ac-
tual work of conversion in the ship
yards. But the real effect Of the
move, the first step of which will cost
100000. Will not become apparent
until the ships actually are in opera
ton.
There is a demand for Diesel-en
glncd ships, because of their econo-
my. ON some runs the difference in
cost of operation is estimated as high
as 80 per cent. The Shipping Board
Is proceeding on the theory that If
these Diesel ships Of the board are
made ready, they Will find ready char
terers and purchasers among ship
ping companies, who will retire their
old coal burners in favor of the more
economical type. They are support
ed in this by the record Of the See
konk, Hog Island-type freighter
which was converted by William
Cramps IL Sons, and which has been
in excellent demand ever since.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-11-12
Hopes TO Reduce Losses.

1t is doubtful. however. that the
board even by The expenditure of
this additional money will recover
from future purchasers anything like
what the ships cost. Some of the
Hog island freighters, il is said.
stood the Government as high as
500 lightweight ton to build Ma
rine engineers estimate the cost of
conversion to the Diesel type at
around S15 a lightweight ton and the
Shipping Board hopes to find Gus
toners at a fairly broad margin
above that amount, perhaps around
500.
Marine engineers understand that
since the emergency fleet is national
~ owned. whether it is an asset or
Il liability. that a spreading of
awards over geographical area
was both wise and justified. What
some of them cannot understand is
why - engines ordered were of the
single-actlng type costing $3.50 per
horsepower, as compared with five
double acting engines which cost $76
per horse power.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-11-12
MISCELLANEOUS.
PUBLIC UTILITY.

Riggs Realty Is Qongl ........ 9s
riggs Realty rs tshort ....... 80
Southern Bldg. CHS. s92
Wash Mkt Cold Storage os.. 81
wordman Park Hotel 6s..... 100
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-11-12
Great Help to Shipyards.

The fact that the work of INSTALL
ing this equipment is bound to TAX Re
place however, is n tremendous re-
lief TO shipyards. One of the largest
yards of the country is said to have
been paying a deficit of $4,000 a
month in order to keep the yard
open. The program undoubtedly will
furnish work TO thousands and will
require materials which will aid in
the stahilization of d dozen outside
industries
Almost as important as this devel-
bids Will be closed December Is on
the construction of a passenger liner
TO be built for the MatSon Naviga-
ton Co. by the American Hawaiian
Steamship Co, out of excess profits
paid into the construction and loan
fund of the Shipping Board.
Lump SUM Bids Asked.
The possible bidders, who include
every qualified yard in the country,
for construction of the ship, accord :
ing to the new specification which
will make the vessel available as a
naval auxiliary in time of war. The
vessel will embody many of the new
est developments. The new plans call
for a length of 5S2 feet. a beam of
So feet. and draft of % feet. She
will have turbo-electric engines OF
$4,000 horsepower. a speed of % to
% knots and accommodations for CSC
firSt-claSs passengers.
Copyright, 1924, by Consolidated Press)
The Monmouth inquirer., 1924-05-08
a Halter or CONNECTICUT

A grudge against Connecticut seems
to have been the ruling passion, strong
IN death, of Lewis Morris Of Morri-
eania, who died in 1916. Part of the
viii of this Connecticut hater is print
ed in Case and Comment as follows:
''My desire is that nothing be men.
toned about me, not so much as a
single line in a newspaper, to tell the
world am dead; it is my desire that
my son Gouverneur Morris may have
the best education that so it be had in
England or America, but my express
viii and directions are, that he never
be sent for that purpose to the Colony
Of Connecticut, least he should imbibe
In his youth that low craft and cum
ming, SO incident to the people Of that
country which is SO interviewer IN
iEeir constitutions that all their art
cannot disguise it from the world, tho
many of them under the sanctified
garb of religion have endeavored to
impose themselves on the world for
honest men.
The Monmouth inquirer., 1924-05-08
THE INFLUENCE OF
ACQUAINTANCES

"Tili then these sound opinions
have taken firm root in you, and
you have gained a measure of
strength for your security, /
counsel you to be cautious in
associating with the uninstruct-
ed. Else whatever impressions
you receive upon the tablets of
your mind in the School will day
by day melt and disappear, like
wax in the sun. Withdraw then
somewhere far from the sun,
while you have these waxen sem
timents."
1t is not as practical tc follow
the above advice of Epictetus, as
it is to be influenced by that below:
eff man have frequent in
tercourse with others, either IN
the way of conversation, enter
tainment, or simple familiarity,
he must become like them, or
change them to his own fashion.
"A live coal placed next to a
dead one will either kindle that
or be quenched by it.
"Such being the risk, it is well
to be cautious in admitting init
macies of this sort, remember
ing that one cannot rub Shout
ders with soot-stained man
without charing the SCOT oneself.
"What will you do, supposing
the talk turns on gladiators, or
horses or prize fighters, or (what
is worse) on persons, condemn
ing this and that, approving the
The Monmouth inquirer., 1924-05-08
TIMELY VIEWS ON WORLD TOPICS

they have had eight years In the
elementary schools. We are the
only important nation In the West
ern civilized world which gives so
short a period of secondary educa-
ton. Six, seven, or even nine years
is the measure In other countries.
Moreover, 1t Is generally agreed
that in our eight years of elemen-
tary schooling about two years are
wasted, largely in needless repeti-
tons and extensions. Here is our
best chance to save time. Six years
is long enough for our elementary
schools. Take away the wasted
two years. Begin our present four
year secondary schooling two years
earlier and thus create a contin-
uous six-year secondary school all
over the land.
"The clear determination Of what
is the academic type in secondary
education is the most important
and at present the hardest ques-
ton to settle with hope of clear
agreement. The characteristics Of
the academic type, I believe, are
fourfold. It's intellectual aim Is
primarily the development of ale
round intelligence to the highest
degree Of which the pupil is cap
able. It's moral aim Is the wise
use of this developed intelligence
for the guidance Of life. It's meth
cd, both intellectual and moral, is
ample training Of the pupil in the
few fundamental studies Of most
general value for developing in
telligence. Taken separately, each
study should be continued long
enough for the pupil to have q
fair chance to master It. Taken to-
gether, these studies should form
weli-related, coherent body at
each stage Of the pupils progress,
and not an Unrelated miscellany.
It's supreme agency 10 the guidance
Of strong, live, well-trained teach.
ers, whose personality especially
qualities them to train their pupils
vigorously and happily ILL., Co.
The Monmouth inquirer., 1924-05-08
Domestic Diplomacy.

Mrs. John Brown, friend of Henri
etta's, says that when she married,
John allowed her to select everything
for the new home with the exception
Of the kitchen stove.
"a man knows better how to select
that than a woman" said he. Man.
like, he bought the biggest range and
the highest-priced one on the market.
The wife was very proud of the
stove. but did have spells of wishing
that the kitchen were larger or the
stove smaller, so that each would not
be SO conscious of the others pres
ence.
The first few years they moved
about considerably, as is the way with
WHY weds, and the bugbear Of NOV
ing was always the stove. Finally
wife coaxed round bit and suggested
that they sell it and get a smaller one,
and hubby acquiesced.
In week or two, wife had found
purchaser in a woman who lived in
the second-story apartment next door.
When the wagon came to take the
stove away, they had an awful time to
get it out of the kitchen, and wife
breathed big sigh of relief when she
saw it well out of the yard and on its
way up the stairs Of the next door
apartment. A few minutes later she
looked out, and to her horror they
were bringing it back down the stairs.
whats the matter?" she called.
eve can't get it in the door," said
the man, cit will have to be taken up
thru the window"
Wife decided not to show herself
again until the stove was well inside
the apartment. The next time she
peeped out, they were operating a
pulley device, by which the horse
went round and the stove went up;
it was already five feet in the air.
"Good!" thought Mrs. Brown. In a
minute or two she again peeped out,
and they were still operating the pull
ley device, but the horse was going
up and the stove down. "Me for
QUICK dCt1OH, Sdlu MIS-. DIOWu " HSI-
self, and hastily throwing few
clothes into a suitcase, she made for
the home of her mother, where she
and John remained for several days.
What the woman in the next apart
ment said to Mrs. Brown when she
got back home would make another
interesting story, but Mrs. Brown
only wiped the tears away with her
apron, and said that it was just break
ing her heart to do without that
stove; that there never was an oven
that could bake such good pie, cake,
etc.
The Monmouth inquirer., 1924-05-08


+ GHERIFF'S SALE.-By virtueOf q
the Court OF chancery of the STATE of New Jer-
sey. will be exposedto sale atpabiic vendue, on
Nc nday, the Second day Of June, 1924,
between the hours of "a o'clock and O'Clock
at Il o'clock. daylight saving timel. Ia the
afternoon of said day, at the Court House.
In the borough Of Freehold.
decree of said Court amounting to approx
imately $7,I7l.oo.
Alithat tract or parcel of land and premises
hereinafter particularly described, situate
lying and being in the Townships of Milestone
and Upper reehoid, In the County OF Mon
mouth and State of New Jersey. in said District
Mum Der One, bounded and described as follows:
Beginning northerly by lands of John L. Ely
easterly by lands of Remembrance Ford, and
Christopher Johnson. southerly by lands OF
James D. Hall and Abraham Butk. and westerly
by lands CT William WicoH, late the Joshua
Cox farm. Containing one hundred and forty
nine acres more or less.
Being the same premises conveyed to tue SAID
BENJAMIN Weissenberg by Anna IA. Goldey
and Henry Goldey her husband. by deed dated
March 30, 1918. and recorded in book 1888 OF
Deeds for Monmouth County, on pages ISL, &C.
Being the same premises conveyed to Mae
Horowitz by deed rom Mary o. Weiasenberg
and Benjamin Weissenberg, her husband dated
February 10. Y92s, and recorded In the Monmouth
County Clerks Office on August g. 1925.
Seized as the property of Mae Horowitz, Ct al.
taken in execution at the suit of Federal Land
Bank of Springfield, Mass, Body Corporate,
and to be sold by
Dated May I, 1924.
JULIUS E. D1TTMAR, Solicitor.
(39lines) 5000