davidaulloa/AmericanStories huggingface dataset:
Evening star., 1924-04-16
EVERYMAN'S ,s
INVESTMENTS
By George T. Hughes
FIFTH ARTICLE.
An OIL Stock Rises Ten Points and
Worries n Young Bond Salesman,


He was a bond salesman of five or
six years experience in one of the
oldest and best known bond houses.
and he was bit worried. About six
weeks previously he had sold several
bonds to a customer who had DIS
posed of stock of one of the Standard
Oil companies to buy the bonds.
Nashville the stock had advanced
about ten points. The bonds, as could
be expected of a sound investment.
had not materially changed in price.
How was he going to explain to his
customer. the salesman wanted TO know.
1t was a remarkable confession.
from even young bond man. 1t ex-
planned, in a way, one of the most Gu
rious mistakes of Intelligent people !;
that is, the confusing OF investing
tireiy different things-Almost diamet-
ric1ily opposed-yet il pretty ca
pabie bond salesman ovesiooks that
fundamental, how can the public be
expected to know itc When a man
puts money into anything he either
invests, specuIates, CANDLES or throws
his money away. Obviously there's =
difference.
Asks Reason for Investment.
Your customer bought bonds be-
cause he wanted an Investment, didn't
hep asked.
He had a good stock, but it fiuc-
tuated widely. He wanted something
steady, dependable, that he could sell
for II at any time, that he could cash
in for its face value at maturity and
that would give definite return reg
ularly."
he sold it, would you have had to ex-
plain?''
mo"
"It was unfortunate perhaps that
he sold it near the tag END. OF the
oil slump. But he might have done
worse. If your customer sold ms
stock and bought bonds as a specula-
tive proposition, and you urged MN
to do it. you're got lot to explain;
But, if, as 1 assume you did, you s1io ;a
getting out of a speculation just De-
fore a rise Is no argument against
investing and no argument in favor
OF specializing His experience easily
might have been the other way
round
Hard Money Is Lest.
People lose good deal OF money
because tney 90 not TSdl1Ze IaAs ~
vesting and speculating are entirely
different. A few days after my talk
with the bond salesman read
news story of a twenty-six-year-old
Army lieutenant, the son OF . dis
tinRuished official, who had. II was
said. cleaned up 100000 or $soo.o0(
trading in stocks. The news story
fiIled three columns and throughout the
first colum the lieutenant's opera
tions were constantly referred to rs
Investments" Even q clever. ex.
perienced writer apparently did not
know what an investment was. Many
intelligent people do not know thai
an investment. usually represented by
bonds or mortgages. is security
that promises q definite income regu,
larly and the return OF the prfncipa1
at given time.
The Army lieutenant was not In
| vesting in any sense of the word
He was taking chances. He was
lucky. Usually the person try1ns
such tactics meets disaster. It was
good strategy for the lieutenant whsr
he obeyed the War Department.
order to cease his financial opera,
tons He could keep his gains. III
he had continued he might have los'
all his profits.
! Copyright, 1924 By Consolidated Pres As
sociation.)
Evening star., 1924-04-16
ILLINOIS r. r. INCOME.
Net for 1898 Drops $eo4,eo2 From
Previous Year.

NEW YORK. April ls.-- Net in
ONE of the Illinois Railroad Com
pany for 1923 was $15.4S5.073. a de-
crease of $604,se5 from the previous
year, the annual report stated. This
was equivalent to about 14l4 per
cent on the $Io9.s32.so0 common
stock outstanding, OF which the
Union Pacific holds $22,500,o0o.
Hallway operating revenues amount
ID to s165,626,9S1, an increase OF t1o,-
7s6,594 in 1929: freight revenue in
creased $7,232,525 and passenger rev.
enue also increased $2.778,15o. Rail-
way operating expenses aggrega ted
Sl32, 42S,231, an increase OF s13,2s9,-
961.
G. H. Markham. president. said the
volume of traffic transported during
the year was the heaviest of any
year in the company's history, and
even at its peak was handled salts
factorily and without congestion:
The sum OF S5e,7zs,z2o was expe nd ed
in the year for further improvement
Of the properties. necessitating the
issue and sale OF additional securities.
There was a slight increase in the
number Of shareholders, the total
being 1870.
current assets were $50,o12,7ss,
against current liabilities of s3S,534,-
4e2.
Evening star., 1924-04-16
HARDWARE SALES LESS.
Trade Hit by Unfavorable Wealth.
er, Is Report.

NEW YORK, April 16.-Hardware
Age, in its weekly summary of the
hardware market, will say tomor-
row:
The sale Of seasonable goods in
the hardware market is more or less
confined at present because OF the un-
favorable weather, and the disposition
on the part of buyers to order on a
hand-to-m mouth basis.
Retail stocks are light, and job
bers anticipate that a warm spell will
bring retailers into the market for
substantial orders. Generally speak
ing. collections are slow
There is general attitude OF
watchful waiting in the market, and
neither the manufacturer nor the job
ber is willing to commit himself very
far ahead. Building, however. contin-
ues, and the demand for contractors
~supplieS,- builders hardware and both
carpenters' and mechanics tools Is
strong"
Evening star., 1924-04-16

HOUSTON, April 6.-Announcement
has been made here that a million
dollar cotton mill TO make blankets
viii be started Immediately. The
plant will have 275 looms and employ
800 workers.
Evening star., 1924-04-16
WILSON BONDS RALLY.
Packer Stockholders Assured o.
New Financing Plans.

NEW YORK. April is.--stockhold-
ers of Wilson & Co, meeting yester-
day. were informed that satisfactory
progress was being made in working
out plans for new financing to sup
plant measures for = capital read
justment recently rejected. The new
proposals will be submitted to stock
holders at later date.
Assurances by v. ID. Skipworth.
vice president Of the company, who
presided at the meeting. that earn
ings SO far this year compared favor
ably with 1893. and that the current
volume Of business was the largest IN
the company's history were reflected
in quick rallies in the Wilson bond
issues. which earlier in the day had
suffered sharp breaks. After declin-
ing from Il to IL points. the bonds
recovered 6 to 16 points following the
meeting, and closed with net gains
of ! to 3 points.
Although he credited the opposi-
ton OF the Swift family with block
ing the Wilson managements read
justment plans. Mr. Skipworth told
stock holders he did not think the
Swifts were trying deliberately to
injure the company. So far. he said.
they have not been called into nego-
tiations for the new financing.
Evening star., 1924-04-16
WOULD STABILIZE PRICES,
Baltimore Commission Firms Form
Butter and Egg Exchange. :,

BALTIMORE. April 1s Especially -
With the idea of stabilizing whole
sale prices Of butter and egEa In
Baltimore. thirty of the largest oom-
mission firms in the city today or
ganized the Baltimore Butter and Egg
Exchange. Eventually it is planned
to add cheese and poultry to the COM
modlties handled by the exchange
An application for a charter under
the state laws of Maryland has been
made, and the organization will start
to function a. soon as the charter is
granted.
Commission men believe that this
will fill a long-felt want in Baltimore.
Prices for butter and eggs formerly
were set by trading on the floor Of
the Baltimore Fruit and Produce Ex-
change, but for some years these
commodities have not been traded in
on that exchange, and, consequently,
butter and egg prices in this city
varied because there was no official
market to fix price
For the present United States gov
ernment inspectors will grade the
eggs and butter sold at the exchange,
but as the business develops IL proba-
bly, will become necessary for the
exchange to employ its own in
Spectors. -a
Evening star., 1924-04-16

NEW YORK, April 1s.--Following
is IN Official list of bonds and stocks
traded in on the New York Curb
Market today:
Evening star., 1924-04-16
A Fnsi and His Money.

The fact that a stock certificate Is
printed in fancy green scroll work Is
no proof that It is worth any more
than ordinary wallpaper. Thousands
OF people In Washington would have
saved their money If they simply had
asked their banker to tell them what
he knew OF some supposedly wonder
ful investment.
Evening star., 1924-04-16
NEW YORK CURB MARKET
Received by Private Wire Direct to The Star Oace

Vacuum was held in check for. q time
on the report that approximately $50
employees had gone on strike for 10
per cent increase in wages at the
conipany's Bayonne plant. IN the late
trading. however, the stock went
along with the rest
In the South American group spe-
ctai buying again came in to Creole
Syndicate, carrying 1t above SA, and
LAgo Petroleum continued active.
feature in the industrial section
was the rise of more than 13 points
in National Tea common. The buy
ing here was in response to the re-
centsfavorable dividend action.
Short covering In the motor group
brought about fractional advances in
Paige Detroit, Peerless and Yellow
Taxicab, but there was no evidence
of new buying.
Copper mining stocks failed to
share in the Improvement in this
quarter on the big board. while In
the bond division comparative quiet
prevailed.
Evening star., 1924-04-16
STEEL HITS COMPETITION.

NEW YORK. April 16.-Comment-
ing on reports of price shading in
the steel industry, E. H. Gary, chair
man Of the United States Steel Cor
poration, following his return from
South America, said that there had
been slight reductions in some
instances to meet competition. No
oficiRl announcement Of changes had
been made, he explained. and the
company's general price schedule re-
mained virtually unchanged
Evening star., 1924-04-16

William r. Spilman, superintendent
of post ONCE service in the Post
once Department at Washington,
says tho department has no definite
policy with regard to daylight saw
ing. The handling of mail, he adds,
fs dependent largely on train sched
uies and the hours of delivery and
service OF postal employees is q mat
ter that has to be determined by
postmasters in each locality.
Evening star., 1924-04-16
EEw q. 8. RUBBER DIRECToRs.

Matthew c. Brush. of New York,
was elected to the directorate of the
United States Rubber Company At
the annual meeting Of the stock
holders here. Mr.. Brush will take
the place of Frank A. Vanderfip, New
York financier. who resigned.
Sir Charles E. Gordon of Montreal,
also was elected to the board Of
directors to fill a vacancy caused by
the resignation OF Sir Mortimer Davis,
also of Montreal.
Evening star., 1924-04-16
BY WILLIAM r. HEFrERNAN.
Received by PrivafS
Special Dispatch TO The Star.

Special Dispatch to The Star.
NEW YORK, April 16.--An irregu-
lar recovery in the oil group, q de-
cidely mixed MONUMENT in the indus
trial section and the bidding up Of a
few specialties characterized today's
dealings on the curb exchange. Some
OF the oil stocks were under pressure
again. however. Traders who had
profits on the short side were dis
posed to take them, and this buying
accounted for most of the improve
ment.
Ohio Oil was among the leaders,
getting up over a point, across g..
Prarie OIL and Gas reached ESQ again.
Pipe Line shares also did better, espe-
cially Eureka and Buckeye. Standard
of Ohio. on the other hand, dropped
below 800 for q loss OF 8 points. while
Evening star., 1924-04-16
WOOL MARKET QUIET.

BOSTON. April 16 Especially Belief
that the heavyweight season is devsaop-
ing more strength was stirred ia the
hearts of Summer street dealers in raw
wool today by reports that one manu-.
fActurer had bought large weight OF
medium secured wool The market in
general. however, continues quiet, with
quotations unchanged
Evening star., 1924-04-16
Money to Loan

Secured BY FIRST deed of trust on real estate.
Prevailing interest and commission.
Joseph 1. Weller 40 Wash; L. Trust
Evening star., 1924-04-16
Sales INDEPENDENT OIL STOCKS.
Washington Stock Exchange,

AFTER CALL.
Capital Traction--,J at e3A. at o3&, ]
at 9Ss 10 at 9SN, 5 at a3$. l at 93ssI
Potomac Electric Us, 1851 600 at los.
81 600 at lob.
Washington Gas 1ight-lo at 4SS
wsshington Gas 6s, 1a33-S100 at 100h
300 al ibok $IOo at 100h. $1,000 at 1904
Capital Tractioo $500 at ~.
National M. & I! pfd.-$loo at ses.
Money-CaIl loans. and Der cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-09-24

o bearings
be M
shackl bolts
exactly
IN.
be efficiently
n
a of
y whena applied are o n
of
tires will add
Of Of
the of He
axle
silence
a o
win
be defects
Copyright y. l. Syndcate1
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-09-24

ers have turned out a new jazz rec
ord for Okeh. Two popular numbers
have been chosen. They are 1T
Amt Gonna Rain No Mo" and
Doodle Doc" The Rain number
made a hit last season in the black
face revue of Eddie Leonard. The
way this act developed this song was
enough to make it popular.
Link and his orchestra have jazzed
Rain" up into what one expects of
a modern dance orchestra. The
Doodle Doc" number is really dan
gerous jazz. This number would
make you dance even if you had a
wooden leg. It is jazz Of the day.
If you can forget jazz for a sec
ond think of the late Victor Herbert
and the tantalizing melodies of class
that he created. Shortly after his
death David Mendoza, director of the
Capitol Theater Orchestra of New
York, collected some of his best
melodies and played them as tribute
numbers in memory of the great
composer.
Am speaking of "Unamericana. 3"
and "Badinage." These two num-
bers have been released by Bruins
wick, played by the Capitol Theater
Orchestra with Mendoza conducting.
Here is real record Of sweet, quiet
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-09-24
Born in Richmond, Ind.

Mr.. Perry was born in Rich
mOnd. Ind. Dec. Is, 1857 He
was educated in the Richmond pun
lie schools and Earlham College. He
came 10 Indianapolis in 1886 and
two years later was one OF the or
ganizers Of the Harmon Perry Light
Company. This company developed
into the old Indianapolis Light and
Power Company. In 1905 the name
was changed to the Indianapolis
Light and Heat Company.
Last year he built a fine summer
home at Lake Maxinkuckee. am
following his illness this spring was
taken there at his own request in
the hope that the change would re
suit in his recovery.
However. he failed to regain his
strength.
He Is survived by the widow, one
daughter. Mrs. William Griffith Of
Chicago. and two sons. Norman Y.
and James A. Perry, both OF Indian
apous.
He was Il member Of many social.
fraternal and business organizations
and was regarded as one OF the best
informed men on public utilities in
indiana.
His rise in the business world was
by his own effort. The American
Magazine recently published an ar.
ticle paying tribute to his struggle.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-09-24
Pretty Lizzie BIue-Eyed Sally Is
Latest Member of the lax Family

and tuneful numbers. Better get
this one.
Requested List
Several days ago I was requested
to print a list Of twelve records of
old fashioned tunes. AS a reader of
this department made the request,
print a list of twelve Brunswick
releases which will probably fill the
bill.
The Brunswick old melody list is
as follows:
Medley Of Old Fashioned. Waltzes,
played by Carl Fenton's orchestra;
Medley Of Irish Waltzes," played
by the Fenton orchestra; "Auld
Lang Syne." male quartet; "Old
Black Joe quartet; Prince of
Pilsen," light opera; Darling Nellie
Gray" trio; Some Blessed Day,
quartet; Amt You Coming Out
Malinda?," vocal; Darling Nellie
Gray" vocal; Listen to the Mock
ing Bird" vocal Rock OF Ages,
vocal. and Medley of Southern
Melodies" Fenton's orchestra.
l. l. i
Indianapolis theaters today are
presenting "Applesauce." at the
Murat; ALA Axiom at the Lyric;
Polly Moran at the Palace; Red
Pepper Revue" at the Capitol; The
Sea Hawk" at the Circle The Lost
Battalion" at the Lincoln Square;
Tess of the D'Urbervilles" at the
Apollo; The Enemy Sex at the
Ohio; Monsieur Beaucaire'' at
Mister Smiths and Fast Company"
at the Isis
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-09-24


II condition win noticed If
connections badly they rattle the road.
earn
atorr enairs are
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-09-24
By WALTER d. HICKMAN

by WALTER ID. HICKMAN
NEW miss of LAKELAND has
IA arrived.
I'll Russell Robinson, an In
dianapolis song writer and pianist,
and Al Bernard have named her
Blue Eyed Sally"
You may meet Sally, blue eyes
and all, on a new Brunswick record.
On one side is the Sally number and
the other contains Never Gettin'
No Place Blues" another Robinson
Bernard number.
Both numbers are. played by the
Dixie stars. The Sally number is
made enjoyable by vocal duet with
orchestra while the other number in.
PRODUCES tenor and piano.
Sally" and her companion piece
belongs to the ever growing and
popular jazz family. Sally is the
latest daughter of Mister and Mrs.
Jazz-Meiody. And she isSome daugh-
ter. | am not speaking we'll of this
number because a local man helped
create it, but because it has that
these days. And Sally is d clever
girl. Her daddy is wild over her,
so much so that he has saved up
his money for a rainy day. so that
he can spend all OF his time with
Sally after they get married
The lyric is clever and the melody
has a sort Of a god or money ring
to it. 1t is tuneful. Rather think
this number will be another gold
mine for Robinson.
Some years ago when Robinson
was pianist for Mildred Harris at
keith's here, | was invited to hear
Robinson play at a little private
gathering. If I remember correctly.
Robinson actually struck up three
numbers and developed them to q
degree during the party.
More Jazz
When Russell Robinson sits, down
to a piano in a creative mood you
can be assured that new melody
is going to be produced. He has that
successful thing-creatitVe melody
along popular lines.
Jack Link and his Society Serenad-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-09-24
SOUTH SIDE CIVIC
LEADERS WANT
SUBWAY CHANGED
Board Petitioned to Alter
Plans to Include
Cruise St.

John White and Edward J. Sexton
Of the Southeastern Civic Improve
ment Club appeared before the board
Of public works today asking for
construction of a subway at Cruise
St instead of Shelby St, as pro
posed in the program for elevation
Of Pennsylvania railroad tracks be
tween Noble to State SITS.
The club approved the proposal
subject to agreement Of the board to
open Arsenal Ave. and Oriental and
Pine SITS. under the elevation at a
meeting Tuesday night.
a diagonal street from Cruise and
Maryland to Georgia and Shelby SITS,
providing an outlet for the latter
thorOughfare. was urged. Opening
of Pine st. and Arsenal Ave. under
the elevation and that Oriental St.
he left open is favored
RAILROAD officials have demonstrate
ed against opening Of Shelby St be
tween Maryland and Washington
SITS, which the board is considering
The Cruise St. subway would be
seventy-tive feet long. costing $125.-
600, while Shelby St. subway $50 feet
long. would cost Sb25,0 900, according
to the remonstrance.
Resolutions were adopted urging
the resurfacing of State St. between
Washington and Prospect SITS. fol
lowing reading Of a letter from John
G, Lingenfelter, city engineer, stat
ing that it would not be done
Promise that it would be done this
year had been obtained from, the
board. a committee presented the
case this afternoon.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-09-24

First jack up the front wheels
and test them for wear in the bush
ings. To do this, grasp Che wheel
at the top with one hand and at the
bottom with the other then alter
nately push in at the top and pull
out at the bottom. If the wheel
bearings are in good order you will
notice just small amount of shake
and when the wheel is rotated it
will come to a stop with the tire
valve at the bottom. If there is a
very noticeable amount of shake, the
bearings in the wheel may be WORN
or in need of adjustment or the king
pin or bushings in the axle yoke may
be worn
While both front wheels are
10, nf n
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-09-24
How to Test Condition of the Running Gear

o
of
other condition
IT,
greasng of the been neglected examination should
be made badly all
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-09-24
Restaurant Rnhhe,I

Mrs Emma Gordon. proprietor OF
a restaurant at asa S. Meridian St.
reported her place entered and Gig
ars. cigarettes and candy stolen.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-09-24
ROTARIANS RETURN HOME

Presidents and secretaries of In
diana Rotary Clubs. comprising the
Twentieth Rotary district, were back
home today, following a two-day
executives conference at the Clay
pool The meeting closed Tuesday
afternoon.
Robert E. Heun of Richmond, Ind.
district governor, urged Rotarians to
vote in the November election.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-09-24
SEVEN Hailed ON
SPEEDING CHARGES
Kokomo Bus Driver Among
Alleged Fast Ones,

Seven alleged speeders, one a WON
an, were arrested Tuesday night.
They are:
w. e Brant. 80, of 6O2 n. CAP
itol Ave; Swan r. Sundstrom. %,
Of Kokomo, Ind, bus driver; Charles
belong. IS. of GIG e. Sixteenth St
Virgil Owens, IS. OF 500 Birch St;
s. F.. SarrelH, 81, OF 1904 n. Olney
St; Emmett Stephens, 81. Of q n.
fremont Ave; Mrs. Grace Ferguson,
81 of 1850 Talbot Ave.
Jesse Jackson, 38. Of 757 N. Perish
ing Ave, is charged with driving
on the left side OF the street and
assault and battery; Bert Yarber AZ.
Of 5000 W. Washington St, charged
with driving on the wrong side of
the street, and Albert Wass, 43, Of
Is Frank ST.; Oakley Holden. As. of
1914 w. Twenty Seventh St, with
driving while intoxicated.
Harry, If I were to die. would you
marry again?'
THAT question is hardly fair, my
dear" 49,
why not?"
Because II We're to say, Yes,
you wouldn't like it. and to say
Never again, wouldn't sound nice. "
Tit Bits.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-09-24

MOTION PICTURES
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-09-24
SO711neS Busy

Rehearsals began Monday
night at the Little Theatre
Workshop for The Torchbear-
ers," by George Kelly. 1t will
be given for the members Of
The Little Theatre Society and
the public, Oct. Is, at the Ma
sonic Temple and for the Teach
ers' Association, Oct. Is and
II. George Somnes will direct
the production. The Torch
bearers" is a clever and good
natured satire on certain fool
ish phases Of amateur theatri-
Gals and is written in a scintil-
lating and sparkling manner.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-09-24

kuckee. where he spent about two
weeks.
Six weeks ago. he was brought
back to the hospital. Although his
condition was critical for a time
evidently he was on the road to re
covery last week. Plans were made
for him to return home this week.
Friday he suffered a relapse. Sun
day the final decline began. Mem
bers of his family were with him
when death came.