davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1924-01-31
| Invest NE n I
TURNOVER
LARGE
Many Investors Switch Hold
ings OF Stocks and Bonds
at Re-irvestment Periods.
BY MUNROE ROBERTS.
Copyright, 1924, by Cosmopolitan
Nawa Qarvica \

VNOWb 0eftlcS.J
NEW YORK, Jan. 31.-The re-
investment periods are made use of
by a large number of investors to
switch" their holdings Of bonds
and prime stocks into other and
presumably more advantageous Sc
curities, and this accounts in some
measure for the relatively larger
turnover today in the investment
markets.
Scientific investing is based on
acquiring securities for their in
come returns to the purchasers.
All calculations are made on the
understanding that the bonds will
be held until maturity, when they
are paid at par or an otherwise
stipulated price, and the investor
can therefore ignore the dips and
advances in the markets in the
meantime. But few investors will
decline, on occasions, to cash in
the profits which may unexpectedly
accrue through a fortunate rise in
one or more Of their security selec-
tions.
In many cases the investor bases
his decision to sell a bond because
OF the disparity in its income yield,
as compared with other bonds of
equal safety. Suppose, for example,
he had purchased security at "a
in the middle Of 1922, which at that
time yielded about 51s per cent.
Through the improvement of the
credit position of the issuing COM
pany the price of the bond had
subsequently risen to 100, at which
price it yields only s per cent,
though other issues in the same
class will throw OFF, 5A per cent
or better. He will most likely take
his six point profit and buy a new
bond with higher yield.
Public offering was made today
Of an issue Of $2,500,000 American
Gas Company 10-year per cent
convertible secured gold bonds at 80
to yield 7.05 per cent.
An issue Of $1,SOO,O0O st. Louis
Southwestern Railroad Company
equipment trust 5h per cent gold
certificates, due 1924 to 1859, was
offered at prices to yield from $50
to $40 per cent.
An issue of $1,15O, 900 State of
Illinois highway 4 per cent gold
bonds, due in. 1887 and 1888, at 81
to yield 4.29 per cent, was offered.
The Washington times., 1924-01-31
MARKET GOOD FOR CANNED
FRUITS AND VEGETABLES

California canned fruits and vege-
tables are holding up well in a firm
and satisfactory market throughout
the East, according to Preston Nc
Kinney, of San Francisco, vice presi-
dent and secretary of the Canners'
League Of California, who is return
ing from the annual convention Of
the National Gamers Association
just ended at Buffalo, N. Y.
Mckinney is very hopeful OF the
Eastern markets with the advent
of the new crop of fruits and
vegetables. He said: IT size up the
first situation this way; the price
Of fruit is lower than any time
since the .war. In this whole East
ern country nobody is out Of work
and good wages are being paid.
That means immense consumption.
"In the East, this consumption Is
the greatest in the history Of the
business, and have talked with
many jobbers and dealers. The re-
suit Of full employment and good
wages has kept the market in a
good, firm condition. That doesn't
mean, however, that we expect a
runaway market. But it does
mean that the prices will be some
what higher when the new fruit
comes in. There are no surplus
stocks in either the East or the
West. Altogether the situation
looks good for both fruits and vege-
tables"
The Washington times., 1924-01-31
Business Briefs.

NEW YORK-Gasoline was ad-
vanced 2 cents a gallon throughout
Canada, making wholesale price 29h
cents a gallon, and retail price 80
cents.
NEW YORK-Net income for
December of the Minneapolis and St.
Louis Railroad Company was $94,-
9O1, against a deficit of $1S5,S61 in
December, 1922.
NEW YORK = The Kansas City
Southern Railway Company for
December reported deficit of $3,571,
against a net income of $421,S&2 in
December, 1922.
WASHINGTON - Pipe line and
tank farm stocks Of crude oil in the
United States increased 1876, 900
barrels in December. totaling $685.
900 barrels at the end Of the year,
according to the United States
Geological Survey.
The Washington times., 1924-01-31
STEADY T0NE
SHOWN BY
STOCKS
Motors Display Strength,
Scoring Substantial Gains
in Early Trading.
BY HI. j. DUIZEND.
Copyright. 1924. by Cosmopolitan
Mn,urn Cnn.,inn 4

NEWS SefVlco.l
NEW YORK, Jan. S1.-During
the first two hours trading on the
stock exchange today the market
appeared to have fully regained
Its composure following yesterdays
disorderly movement. The market
seemed to have struck an even
balance between those forces spon-
soring higher prices and those who
are fighting further advances on
the theory that the present and
future business situation contains
little on which to base renewed
bullishness.
The undertone was generally
steady, presumably under the in.
duence of the strength in the
motor stocks, some Of which, under
the leadership Of Studebalker,
scored substantial advances. The
declaration Of the regular quarterly
dividend on Studebaker common
had no doubt a stimulating effect,
but the heavy buying of General
Motors and Dupont, which is affili-
ated with General Motors through
ownership OF a large block Of stock,
was significant and said to reflect
expectation Of important develop.
ments at the General Motors meet
ing in March.
United States Steel gave an i'm
pressive display Of firmness, con-
sidering yesterdays sharp rise. Mer-
chandise stocks were again accum-
ulated by important interests, Sears
Roehuck selling above 96 in anticipa-
ton Of future dividend resumption.
The balance Of the Industrial list
was devoid Of interest. Occasional
pressure was applied against various
individual issues, which have been
under attack in recent trading, nota-
bly, Dawson Chemical, National Lead
and Cast Iron Pipe, but IL the at
tacks were launched in an attempt
to create general unsettlememt, then
they failed utterly. Stocks did not
only come back whenever pressure
subsidized, but on the second hour tho
market took on decidedly firmer
tone under the influence of renewed
strength in some Of the oils and
Baldwin.
Railroad shares hardly took part
In the transactions, but steadiness
prevailed.
Call money renewed at Az per
cent.
The Washington times., 1924-01-31
HAMBLETON & COMPANY
TO BE INCORPORATED

Formation of a corporation to
be known as Hambleton & Co. will
be completed tomorrow, and it will
acquire the business, good will,
and other assets of the present
investment firm of the same name.
Howard Sutherland, former United
States Senator from West Virginia,
will be connected with the Wash
ington office. He will be vice presi-
dent Of the corporation.
Symington, Hoffman & Co., in
dustrial, will acquire an interest
in the business, and Donald Syming-
ton and Henry H. Jenkins, men,
bers of the firm, will take an &C.
tive part in the management of the
new corporation. The officers will
include T. Edward Hambleton,
president; Iredell w. Iglehart, How
ard w. Sutherland, John A. Ham
bleton, George G. -Shriver, w. H.
Baldwin Goodwin, Josiah Macy.
and Francis Storer, vice presidents;
Henry H. Jenkins, treasurer; Roy
w. Shaffer and Alexander Mckay,
assistant treasurers, and John H.
Stewart, secretary.
Offices OF the company will con-
tinue as at present in Washington,
Baltimore, Philadelphia and New
York, with branches in Newark,
Boston, Syracuse and Hartford.
Baltimore Is the headquarters. The
company was organized in 1865 by
the late John A. Hambleton, great
uncle of the present T. Edward
Hambleton.
Donald H. McKnew, the present
manager of the Washington office
Of Hambleton & Co., Will not be con-
nected with the new corporation.
The Washington times., 1924-01-31
Chicago Grain Market.

CHICAGO, Jan. 31.-Grains were
irregular at the start today.
Wheat started unchanged to 4
cent higher with scattered commits
sion house buying and lack of
pressure, with the exception Of a
little increase in offerings Of July.
Corn started " to X cent higher
for May and u to u cent lower for
the more deferred months. There
appeared to be pressure on July and
it lost it's premium over May.
Oats started steady to strong with
scattered commission house buying
and limited offerings.
Opening prices were
wheat-May, $1.10% to Y; July
$1.09 to u; Sept. $1.0S% to ".
Corn-May, 79% to % cents; July.
791a to Y cents; Sept. SOk cents.
Oats-May, 48R to 40 cents; July,
46A to y cents cents; Sept. 4SM
cents,
The Washington times., 1924-01-31
FOREIGN TRADE
SHOWS BIG
Gain
Commerce Figures Show
Great Increase in Ex-
ports and imports.
By Cosmopolitan News Service.

The foreign trade Of the
United States, including imports
and exports, increased over one
million dollars in value last year
as compared with the year be-
fore.
This was made known today in
a report issued by the Depart
ment Of Commerce, giving detail
figures on the value Of the coun-
try's foreign trade during the
past two years.
Trade Makes Gain.
Both imports and exports showed
substantial increases over the pre-
vious year. The trade balance In
favor of the United States, or the
excess Of exports over iniL orts,
amounted to approximately $685.
00O, 900, for 1928, as agains approx.
mately 500, ,0OO, 900 In 1922. Total
exports increased from $3,031, IT,
46S in 1922 to $4,167, ,946,321 in 1928,
Total imports increased from $3,-
liz, ,746,SSS In 1922 to $a.791, ,93s, ,O1S
in 1928.
Increase Of Billion.
In round numbers the total value
OF the country's foreign trade In
1922 was $6,944 ,000, 900. In 1923 1t
was $7,959, 600, 900, or an increase
Of more than one billion dollars.
Following is a report issued by
the department showing the value
of exports and imports to and from
the different sections OF the world
during the past two years:
The Washington times., 1924-01-31
RAILROAD MAN QUITS JOB
AFTER 81 YEARS SERVICE

PORTSMOUTH. Va, Jan. s1.--
J. L. Welton, seventy.nine. a vet
eran Of the Confederacy, has been
retired by the Seaboard Air Lane
Railroad after fifty-seven years Of
service, more than fifty Of them as
engineer. @
He will make his future home
near Lewiston, N. C.. Mr.. WeItun's
run" was between Portsmouth, and
Lewiston, and today for the first
time In his life he rode az pas
senger on the train he had piloted
for so many years.
The Washington times., 1924-01-31
Local Stocks.
SALES.

Capital Traction IS. s1.OOO097,
ss5O0@s7.
Capital Traction Company, 1O@96.
Washington Railway and Electric
Company. 1O@7o1k. 507oN, 1O@
70K.
Washington Gas Light Company
2O@4s. sO04s. 1O04s. 2O@4S. s04S,
so64s. 2O64s.
AFTER CALL.
Washington Gas 6s. '33. $1,000
1O1.
Washington Railway and Electric
preferred, 26@75.
Money Call loans. 506 per cent.
y y +
The Washington times., 1924-01-31
N. Y. COTTON Marker.

NEW YORK, Jan. 31.-Futures
were firm at the opening Of the cot
ton market today.
Sentiment was more cheerful,
prices advancing from to % points
In response to better Liverpool
cables.
March opened at 1920, up 2S
points; May at 1858, up 20 points;
July at $3.50, UP 20 points, and
October at 27.98, ups points.
The Washington times., 1924-01-31
5-CENT ARE
HEARING To
Be HELD
Bill Announces Plan Of Com.
missionersWait Report
on Corporations.
Continued from Page I'D

CONTINUED from FaG0 1J.l
arguments OF the various organiza-
tions which in recent months have
passed resolutions urging the nickel
fare.
"The Public Utilities Commission
is here to serve the people Of Wash
ington," Commissioners Bell said to-
day. IF any civic organization or
individual citizen has any sugges-
ton to make we are only too glad
to hear them"
Waiting on Statement.
There Is no possibility Of such a
hearing until after the commission
makes public in a few weeks a
statement showing the financial
condition Of every utility corpora
ton in the District.
Major Bell said today, els q part
of the Commissions plan to give
the fullest publicity on the finan.
cial operations of the utilities
which come under our supervision.
"The Commission wants the pub
lie to know just what the COM
pduLeS are uOAu8s ~ WAnSO " c0AA
them how much each corporation
made last year, how 1t was spent
and the resultant profits"
Arguments by Companies.
At the conference which is now
being considered veery suggestion
made would be taken down in
shorthand and considered by the
Commissioners. Every organization
and individual would be given an
opportunity to xepress views on
how a five-cent fare could be OBJ
tanned for Washington.
Representatives Of the railway
companies would, of course, be per-
mitted to present their arguments.
The Washington times., 1924-01-31

w .. o.
Bid. Ask.
Anglican. Oil Co. new. 15h 16
Borne-Scrymser Co. 80. 100 .....
Buckeye Pipe Line Co.. 81 70
Cheseborough Mfg. Co.. 1900 800
Oil Co... 51N 52h
Crescent Pipe Line Co.. 20 81
Cumberland Pipe Line. l12O 122
Eureka Pipe Line. ......1 1101 104
GaIena-Sig. Oil Co. com. 65 66h
Galena-Sig. Oil Co. pfd. 10 lis
Illinois Pipe Line Co.. .ll154 159
Indiana Pipe Line Co. 81 90
National Transit Co. ...l'24% 25A
N. Y. transportation Co. "a 90
Northern Pipe Line Co.. 1O5 106
Ohio Oil Co. ........... "a 75%
Prairie on & Gas Co.. 254 1855
Prairie Pipe Line Co.. 1851 i1O9
Solar Refining Co... 221 223
Southern Pipe Line Co. 90 100
South Penn. Oil Co... l165 167
s. w. Penn. Pipe Line Co. So 88
Standard Oil Co. Und.). 67A 67h
Standard Oil Co. (Kan.). 491k so
Standard Oil Co. Ky.). l1f6H l116%
Standard Oil Co. (Neb.) 1896 l240
Standard Oil Co. IN. ". 47k 47%
Standard Oil Co. Ohio. 1913 332
Swan & Finch Co. 49,. 40 so
Vacuum Oil Co. ........ 63A 63k
Washington OIL Co. ..... 81 20
Penn.-Mex. Fuel ....... SO 37H
The Washington times., 1924-01-31
. AqbsqFsSHAHHRa BUSINESS AND FINANCE $aaaEsa
Curb Stocks.
Bid. IAak,

lFurnished y ". 3. Hibbs & Coz
The Washington times., 1924-01-31
Oil Stocks.

tFurnlshed by W. 3. HibDs q Co.,
Evening star., 1924-04-24
zUNA'S FATE LIKELY
FOR MORE ATHLETES
BY LAWRENCE PERRY.

Frank Zuna, according to an out
giving which has an official appear
ance, Is looked upon as having cook ed
himself as an Olympic first-string
marathon prospect, because he ran
three full-distance marathons within
three. weeks.
II this is ture, it would not be sur
prising. Three twenty-six-mile runs
in as many weeks IS taxing the hu-
man system pretty rigidly. Flesh and
blood can stand only so much.
Yet Zuna's plight--if such, indeed,
Is his plight--is one that is likely to
be repeated among eastern Olympic
candidates before this try-out system
Is completed and candidates selected
This because a majority of the star
performers now relied upon to win
points at Paris reside in the east and
will thus meet one another in the
eastern try outs.
Rigorous competition is bound to
ensue, and when the leading west
erners come on here from theis sec
tional try-Outs they are likely to
find n bunch of eastern performers
who are tagged and not up to their
best, because of the dog eat-dog con-
tests in this section.
AS a consequence, 1t is not so GER
tain that those who are really best
qualified to perform great feats on
track and field will be in condition
to show their wares; in other words,
a bunch Of Olympic selections who
are not up to the best we could pro-
dure under ordinary conditions.
This. of course, is more or less a
situation that might be well worth
watching.
Evening star., 1924-04-24

went to the far side of the green,
leaving me a fifty-foot curling down
hill putt to halve the hole.
or course no one in the gallery of
thousands expected me to sink my
ball 1t looked as though the break
in the match had come With only
five more holes to so, the man who
won the thirteenth would gain an i'm
portant advantage. Fortune seemed
to be aligning herself with Francis.
Confident of Success.
The thing is unexplainable. but as
I tramped over the green toward my
ball a feeling came over me that
was not going to miss that putt
There did not seem TO be any doubt
about it. Inwardly i could see the
ball travelling unhesitatingly and in
evltably its circling, side -sloping jour
ney to the cup.
my puts with the utmost thorough
ness. This time 1 took one glance
toward the hole and then hit my ball.
1t found the hole as unerrin gly as if
an invisible hand had guided 1t.
Why was this? l don't know. All
two, while Ouimet, astounded and up
set. missed his twelve-inch putt and
required a three.
He was surprised he neglected
to remove the mud which his ball had
gathered when it struck the green,
which was soft because of heavy
rains. So, instead of being one down,
] was now one up.
The psychological advantage from
that point was all mine. 1 won two
of the next three holes and halved
another. This ended the match in
my favor, sent me into the final and
gave me a chance to beat Sweetser
for the championship the next day.
Evening star., 1924-04-24
WESTERN TRACkMEN
TO FACE M. U. FROSH

Western Highs track athletes will
make their 1924 bow in dual track
nd field meet with the University of
Maryland freshmen tomorrow at 2
O'Clock at College Park.
Coach Ahearn OF the Georgetown
school will send a green squad against
tho yearlings. bat he hopes to bring
home the bacon in the same manner
as did Tech High last week.
Two high school games are listed
today. Central was TO oppose the
University of Maryland freshmen in
the Blue and White Stadium, while
Tech was TO take the field against
Alexandria High School on the Monu-
rnent grounds.
Coach Elmer Hardell of Tech yes
terday put the finishing touches on
his one-mile relay team that Will
compete in the Penn relays Saturday
at PhiIadeIphia The team will leave
for the Quaker City tomorrow.
Evening star., 1924-04-24
OLYMPIC OFFICIAL
PRAISES AMERICANS

PARIS, April 24.-Warm praise for
the American spirit of cooperation in
making the Olympic games a success
was expressed by Marquis Melchoir
de Polignac, French member OF thA
international Olympic committee and
commits ssiCner of foreign relations Tor
the French Olympic committee, in an
address before the American Club of
Paris today.
"Thcre is no country in the world,
he said, lin which the Olympic idea
as in the United states. 1t is, thanks
to the cooperation and collaboration
of the United States that Baron Pierre
de Coubertin was able in 1894 TO
achieve the revival of the Olympic
games, eliminating in the competl-
ton in Athens in 1896. 1t was be-
cause of the participation of the
United States at Athens that other
countries followed suit.
This year the United States has
made 1t a point to be represented in
every event of the Olympic calendar,
even those sports in which the rank
and file of the American nation Is not
keenly interested and in which the
American athletes do not practice
with regularity, such as European
rugby and association foot ball. We
have a feeling that the American
team will be practically unbeatable
in athletics. The Olympic effort
which the United States is making is
tremendous but We have made up our
minds to fight them every inch of the
way for the Olympic honorS
IF. as it is said, the United States
loves a fighter. they will simply wor-
ship France after the Olympic
games"
Evening star., 1924-04-24

Miss Collett, however. will not go
abroad this year. There is just a
chance that Miss Wethered may come
TO America. Linksmen everywhere
are hoping that she will.
Displays Great Ability.
Miss CoIlett has shown extraord-
mary ability during the last three
years, during which time she has
won virtually every important tour
moment in the east. Last fall she was
dethorned as queen of American golf
by Mrs. Vanderbeck in hard-fought
struggle. But since then she has
come back stronger than ever, and IL
is quite likely that she will regain
her title this year, provided she does
not suffer complete reversal of
form between now and the time the
national woman's championship is
held in Providence.
Hitherto. Miss Collects erratic work
around the greens has proved her
undoing in those few matches in
which she has met defeat. She now
seems to have steadied considera bly,
IN this respect She has always pos
sessed remarkably long game In
| moppins up all competition in the
south this past winter, she displayed
very steady and consistent short
game also.
Miss Collett can hold her own with
iooiis eci1EF IN the game on
wooden shots. Not long ago she en-
gagged in a match with Johnny Far
rell and Tommy Kerrigan, two lead
| ing professionals.
Gives Two Pros n Battle.
We would drive without thinking
much about Miss Collett," said Ker-
| rtgan, in describing the match, but
we would usually find she was right
up with US on her drives. With only
a Few holes to go. she was leading
me by a couple of strokes. BY good
! fortune | just managed to finish one
stroke ahead of her on the round
Johnny had a rs, I had IL rs and Miss
Collett a -. all from back tees, and
! want to tell you l was playing the
best golf l knew how"
The sixteenth hole on the long
| course al Bellair. Fla, measures more
than $50 yards. The players who
! have been home on this hole in 2
/ can be counted on the fingers of one
/ hand. Walter Hagen is one. Glenna
/ Collett is another. She turned the
! trick last month with two of the
I greatest wooden shots ever seen on
any golf course. What is more, she
sank her putt for an eagle g.
They don't make golf players much
better than Glenna Collett.
Evening star., 1924-04-24
RUNNERS ENDURANCE
INCREASED BY SUGAR

BOSTON, April 24.-The introduc-
tion Of sugar into the system before
or during marathan race or similar
grueling physical test may increase
the endurance of the athlete, physi-
clans who examined contestants in
last weeks American marathan here
before and after the race have an
nounced.
Blood tests disclosed that the sugar
content of the blood decreased con-
siderably during the contest
Thirteen runners already have been
tested, including Clarence H. DeMar of
Melrose, who finished first, setting new
American and world records for the
marathon distance 1t was found
crease in sugar content
De Mar was one of the exceptions,
and this was explained, the examin-
ing board held, by the fact that the
Melrose athlete was in excellent con-
dition and finished fresh
Evening star., 1924-04-24

Now, here is peculiar circumstance
in connection with the play. 1t did not
seem possible for me to make it Ye5
l felt absolutely confident that l would
You know that feeling of certainty
it comes TO every golfer-with which
you attempt some shots. You just
know you will put the ball where you
want to put it That was the sort OF
feeling l lad on this play against
Ouimet.
short, But Hard, Hole.
1t came on the thirteenth hole of the
afternoon round. l had been two UP on
Francis up to the eleventh hole. He
won that one and the twelfth. and when
we reached the thirteenth tee we were
squared.
The thirteenth at Flossmoor is a baby
hole, only 109 yards, but real trouble
maker The tee is set among trees on
a hill. The short fairway is lined with
oaks, while the sloping green is ter
raced into n hillside 25 feet below the
tee level, with traps all around. 1t is
an easy three if the tee shot is good
Otherwise it may be very hard four
On that day it would have been easily
possible to have taken a four even with
shot to the green, for the cup was
set toward the bottom of it's side e-hil;
leftward slope. A tee-Shot on the up
hill side would have almost necessitated
three puts unless the player was
lucky.
Ouimet made a beautiful play, stop
ping his ball foot from the hole for
what seemed a sure birdie two. The
gallery burst into loud and prolonged
while 1 shot.
My ball was not so we'll placed 1t
Evening star., 1924-04-24


HONS said that if u match with
, Romero could be arranged. he had
little doubt that F'irpo would be will
ing to sign up afterward to meet
Harry Wills and Jack Dempsey.
Il might do So" Firpo admitted,
but he added that he would make no
commitments until after fight with
Romero was assured.
Romero claims | am afraid of
him., said t>irpo to the correspondent
IN confirming his neW decision. The
, Chilean papers say | am afraid Of
him. | can't stand that. | will go to
tn" United States and fight Romero,
provided he fights, no one else until
lie meets me. ! want to be the first
to knock him out.
am willing to go and fight him
without guarantee. His defiance of
me is the only reason I have for
changing my mind. Regarding Wills
and Dempsey, l am not thinking of
them"
HONS declared he had no intima-
tion of FiTpo's feeling regarding Ro-
nero until Luis Angel telephoued him
last night.