davidaulloa/AmericanStories huggingface dataset:
Evening star., 1924-10-04
EVERYMAN'S
INVESTMENTS
BY GEORGE T. HUGHES.
CHANCE OF LOSS EVER PRESENT,
Seventy-eighth Article

In my last article / pointed out
that one of the great disadvantages to
speculation is the time and attention
it takes from ones business or pro-
fesSion. There are. of course, some
people who can make a speculative
commitment, invariably a purchase
and not a sale, and then, as they
phrase it, put it away and forget it,"
This class generally buys a secur-
ity, stock or bond, simply because it
is low in price. They lay great stress
upon the fact that at some prior date
the security in question was quoted
much higher in the market and they
seem to draw the Inference that some
day recovery is assured. Sometimes
there is foundation for this expecta-
ton, sometimes there is not. 1t is
more often true with commodities
than with securities. In any case. the
maxim to be borne in mind is this,
that every opportunity for specula-
tive profit involves the possibility of
speculative loss. There are no ex-
ceptions to this rule, therefore,, the
prudent man will consider first of all
his willingness and ability to take a
loss.
If the unfortunate Americans who
bought German marks a year or two
ago on the theory that they were
CHedp because tHey were low IN price
and that they must eventually recover
to their pre-war value had looked at
the matter in this light they would
have refrained from the venture that
proved so disastrous. Very recently
there has been similar active specu-
lative movement in German pre-war
bonds. This may, of course, turn out
profitably for the purchasers AS to
that no opinion is given here. The
German government may make some
provision that will be advantageous
to the holders of these bonds. We
do not know whether this will be the
case or not.
This much, however, is certain if
there were no chance of loss in buy
ing these German mark obligations
there would be no chance of profit
either. What has been said here must
not be taken to apply to the expected
German international loan, the Amer
ican portion of which will be payable
in dollars. That issue when it comes
will be in an entirely different classi-
fication and must be considered on its
merits when the terms are announced.
Copyright, 1924, by Consolidated Press.)
Evening star., 1924-10-04
COMMODITY NEWS
WIRED STAR FROM
ENTIRE COUNTRY

DETROIT, October 4.-Greater ac-
tivity in the automobile industry is
indicated by reports from parts man.
ufacturers. Stewart Warner speed
ometer sales in September showed
considerably greater volume than in
July and August. Continental Mo-
tors passenger car engine schedule is
nearly double what it was a year
ago and heavy truck motor produc-
ton also has been increased
KANSAS CITY, October "A good
trade is reported in oil we'll supplies
and tanks, and exports of such mate
rials to Argentine, Chile, Venezuela,
Cuba and Mexico have been heavy in
the last two weeks.
ATLANTA, October 4.-State Off
cia,s estimate that unmatured cotton
in this State has been damaged 10
per cent by recent frosts. The rising
cotton market, however, has brought
Improvement in every channel of
trade in this section.
MANCHESTER, N. H. October A.
Although the board of referees rec
commended a tax refund of $4,000
for the Amoskeag Company, decision
is regarded here as a victory for the
city. since the board increased the
assessed valuation of the company's
property from $35,00O,0O0 to 100000
900.
PORTLAND, Greg, October A.
Germany is buying -four in fair VOL
ume in the Pacific Northwest, and ad-
vices from Italy say much American
flour is needed there.
PITTSBURGH, October 4.-Produc-
tion of window glass is below normal
and demand for light plate glass has
fallen off, although it still is in good
request.
Evening star., 1924-10-04
BY STUART p. WEST,
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, October 4-Despite
the fact that during the last week
there were moments of considera bl e
buoyance on the stock exchange. the
net result was losses for most of the
list. When in face of operations for
the rise vigorously conducted in in
divfdual stocks and in face of an out
ward expression of optimism a mar
ket goes down, it is a significant oc-
'urence. 1t goes to show that while
tie buying side seemed the more con-
spicuous on the surface the selling
'ide in reality was the more i'm
portant
So far as regards the business news,
it was mostly favorable. The ex-
traordinary rise in wheat, in rye and
in hogs. the strength in other grains
and meat products, and the brisk re-
covery in cotton as compared with
the low points of a fortnight ago
all made up not only the most favor
able agricultural picture of the year,
but the most favorable since the in
fation war times
Outlook Brighter for New England.
The reports were better from the
New England textile centers. which
have so long been one of the coun-
try's sore spots. The upward rebound
III cotton prices was not d BOOu
from the standpoint of the cotton
goods manufacturers. but it was off
set by the successful installation of
lower wage scales in many of the
mills
Along with this the wool mark t
has strengthened, the principal wool
en-making companies have put up
prices, and the mills are booking to
capacity we'll into the future. The
iron and steel situation is still con-
fused by the change in the price max
ing system, but United States Steel
Corporation is reported as operating
between 63 and 65 per cent as
against As per cent in the early Sum-
mer.
The downward turn in stocks, in
spite of the better trade surroundings,
showed two things concluSively. The
first was that the business recovery
occurring during the last two months
had be. n quite fully discounted by the
rise on the stock exchange. The sec
ond was that sentiment regarding the
presidential outcome was not alto
gether as confident as it had been ap.
pearing on the surface.
In the recent action of the wheat
market is seen the most astonishing
miscalculation regarding the relation
Evening star., 1924-10-04
Business Aided by Advances in
Wheat, Rye, Hogs and Cotton
Steel Situation Still Somewhat Confused;
Ne,O England Textile Outlook
Is Brighter.

between world demand and supplies that
has happened in years. Europe had been
counting too much on the Canadian de-
ficiency and upon the unusually large
United States yield, 1t suddenly real
lied that old stocks had been allowed to
run down too low, that the needs of
importing countries had increased, and
that these things were more than enough
to balance the difference between the
short Canadian crop and the enlarged
United States crop. The result during
the last week has been lively bidding
for American wheat at prices higher
than anything seen since the end of the
inflationary era in 1920.
Cotton Trade Affected by u. s. Report
The cotton trade has been in a good
deal of the same position, relying
upon an increase in the American
supplies sufficient to bring prices
down to a level where mill operations
could be resumed with some hope of
profit. Just as mill buying was be-
ginning to come in in natural way,
because rrices were regarded as low
enough, the Government estimate as
of September 16 came out. indicating
a crop of 100000 or more bales under
private forecasts This, of course,
took the market out of the hands of
consumers. They were in the position
of a short interest seeing what they
considered comparatively low prices
rapidly getting away. The conse-
quence was a scent pound upturn
in the cotton market.
The very low money rates. repre-
Senting an unprecedented surplus for
this time of year, are, of course,
sustaining influence in all the mar
kets, but as stimulant for imme-
diatciy higher prices they no longer
count the way they did in June and
July.
Dawes Plan Month in Effect.
The Dawes plan went into effect a
month ago. There have been two
payments since then under German
reparationS, the first since 1922. The
question naturally arises why ster
ling and francs have not done better
Sterling is down nearly II cents in
the pound from where it was selling
after the London conference. early in
August, had agreed upon the terms
OF the new European settlement
Francs are down in the same time
from the 5.60's to the 5.20s.
The answer seems to be in the case
of sterling exchange that despite the
improved relation in recent months
between their imports and exports,
the total balance of trade is running
against that country.
Evening star., 1924-10-04
BnbsOn Declares Distribution
Is Vital Factor in Prosperity
More Effective Methods of Getting Goods From Pro-
ducer to User Are National Need,
Says Economist.

problem. 1t is rapidly becoming a
social-almost a psiritual-problem
which can only be solved when every
one involved in it realizes his posi-
ton and his responsibility and under
takes a veritable crusade to cut sales
costs and reduce selling expense.
The situation presents a challenge
to the 100000 young men who now
have the opportunity of choosing
vocation. Some of them are in col
leges or in universities, undecided as
to what they shall choose as a life
work. or course, they are not all
fitted to serve in this particular field,
but to those young men who have the
qualifications necessary for distribu-
tion work, and who have a desire
to be Of the largest public service
rather than to make the largest
amount of money, / heartily COM
mend the problem of more effective
and economical distribution as a real
job.
Selling Costs Halt Trade.
The high cost of selling is respon-
sible in d large part for the dullness
of business experienced this year.
Statistics now available clearly show
that 1924 is running far below 1923.
Those who forecast poor conditions
for this year have been more than
justified in their position. The i'm
mediate trend, however, is for the
better and the speed of recovery will
depend very largely upon our ability
to solve this problem of more econom-
ical distribution. The readjustment
is far more advanced than it was
a year ago. People have learned
needed lessons as to the necessity of
honest industry and thrift.
The foundation is ready for a solid
and substantial advance. During the
next few months the Babsonchart
barometer of business which now
stands at per cent below normal
will register our progress toward
getting goods from the maker to the
user more quickly and more cheaply
Evening star., 1924-10-04
U. S. Good Costumer of Tropics.

United States in particular and
Americans in general are the best
customers in the world for products
from the tropics. 1t is said that
America, by which United States is
mainly meant. takes so per cent of all
the products from the warm zone.
The Netherland East Indies is one of
the richest and most prosperous coun-
tries in the tropics.
Evening star., 1924-10-04
Manicuring Taught in Schools.

Manicuring and other beauty shop
accomplishments are being taught ex-
perimentallyr in some of the public
schools of this country. The courses
are not only popular but they are at
tracing students who show commend
able proficiency. The courses have laid
certain scientific emphasis on such
work as face massage and manicuring.
Evening star., 1924-10-04
Origin of the Marines.

The marines, who are liltingly re-
ferred to as soldiers and sailors too"
had their origin in the times when
warships were rowed by slaves and
the fighting men were drawn from
the shore services. When slavery
went out and the professional sailor
came into his own, the land soldiers
still went af1oat to do the fighting,
trusting to the sailors to steer the
craft clear of shoals and take the
ships where they wanted to go.
Evening star., 1924-10-04
Fire Insurance 2S9 Years Old.

Accidental fires occurred so fire.
quently in the seventeenth century in
England that the King was petitioned
to do something about it, and as re-
suit the first fire insurance company
was organized in 1885. The citizens
were allowed to insure their houses
at the rate of shilling a year per
500 yearly rent, the association thus
formed repairing and rebuilding
houses burned and instituting certain
first fire precautions
Evening star., 1924-10-04
Hieroglyphics in Ballet.

The Egyptian dance craze has taken
new form since the tombs of the
PharaohS were so much in the news in
the last year or so. Nine Claudia
Issatchenko has devised plastic ballet
for one of the London music halls in
which the hieroglyphics of ancient
Egyptian learning form the motif and
inspiration.
Evening star., 1924-10-04
MEAT PRICES FIRM
AT END OF WEEK
Fall Fruits and Vegetables in
Excellent Demand at Gen.
ter Market.

Attractive displays of Fall fruits
and vegetables claimed the attention
of early morning buyers. Dealers
reported what they termed reasonable
prices for most produce.
Grapes, damsons and other small
fruits for preserving were reported
as being plentiful and in fairly good
demand. Peaches promise to be
scarce and higher the coming week
Meat, produce, eggs and poultry
prices have undergone very little
change this week.
Evening star., 1924-10-04
Gas Consumption Increases,

Gas consumption has trebled in the
United States since 1910, according
to report of the American Gas As
sociation. In 1910 the total consump-
tion was 101,625, ,366,00O cubic feet or
1,310 feet per capita. In 1928 the con-
sumption was about $4,000, 100000
cubic feet or 1916 cubic feet per capita
Evening star., 1924-10-04
Haiti Furnished Word ''TObacc0"
To Vocabulary of Many Languages
Mattress Used Weed in Tube and Told Explorers 1t
Was ''Tabaco''-Crop Early Became
Profitable in america.

plant are covered with fine little
hairs. The flower of the tobacco
plant is large, with beautiful shades
ranging from deep red to light
pink, and is rich in seed. Tobacco
seed is very small to grow such a
large plant, and there are more than
100000 seeds to an ounce.
Evening star., 1924-10-04
Query the prOm0ter

Determine how much of his own
money the promoter is putting into
his scheme before you decide to risk
yourh Don't take his word for it.
make him prove it.
Evening star., 1924-07-12
SALE-SUBURBAN PROPERTY
CHICKEN FARM

CHICKEN FARM.
Groom bungalow. with 4 acres: electricity
and pipeless furnace: garage; large chicken
house with ] 200 White Leghorns. also chicken
equ lpment; garden tools; 60 fruit trees; higE
elevation. Priced 50 900
o. B. ZANTZINGER.
Phone Hyatts- 70.
"a Maryland ave, Hyattsvile, Nd.
5 ACRES. NEAR FALLS CHURCH. VA. ON
pike miles from Georgetown Bridge
Groom dwelling, bath furnace heat electric
lights, porches: living room 12x23: dining
room lfx11; kitchen 12N2O: large bath and
bedrooms: shade and lawn: lot bearing fruit:
poultry house: garage SIO.JOo
acres Bethesda. Md. on pike and car line
Splendid 6rOom dwelling: bath. hot water
heat. electric lights. hardwood floors large
porches, fine lawn. large shade: lots of bearing
fruit. Price. S12-5m: reasoua BILE terms.
A. e. HOTGHTON & CO.. REALTORS
1915 III ST. NV. Phones Main 1856 1887.
I've have The BEST in sccti.,r, :,
Evening star., 1924-07-12
SALE-FARMS.

MARYLAND FARMS
FREDERICK, MONTGOMERY. PRINCE
GEORGES and CHARLES COUNTY FARMS
AND COUNTRY ESTATES; " trERfR0NT
FARMS.
See this eXceileAt stock and grain farm in
Frederick County: n, acres. 300 clear and
tillabIe: brick dwelling. large barn. garage.
hog house. stone meat house. stone dairy aud
other necessary buildings. Will sell including
stock and implements, s32 800 Land alone
easily worth 500 per acre.
4. {. HOUGHTON x CO., REALTORS.
1916 III ST. NV. Phones Main 7l36-1I:s1.
wv" ha'+. DO rESr in every section
Evening star., 1924-07-12

FOR SALE OR EXCHANGE
Equity in lO-room and 2-bath
house, with 2-car garage, close
to business center of 18th and
Fla. ave, and equity in two lots
in Chevy Chase. Owner offers
for immediate sale or for ex-
change for Groom house in
northwest section. Address Box
02-E, Star Office.
Evening star., 1924-07-12
JEFFERSON PARK, VA.
Read Carefully the Following
Points. Which Are Vital to
All Home Seekers.
T. | IRSI'

LOCATION JEFFERSON PARK isssjtusied
on the MI Vernon boulevard. havin. a high
elevation overlooking the Potomac. which Iend. f.
an environment of natural beauty
Evening star., 1924-07-12

SMALL CoTTAGE-IARGE PORCH. ELyr .
garden: near car line. So 600 on terms or ali
sa>h' 81 40. Also summer cabin for rent
sl". and vacant lot for camp site IN
Evening star., 1924-07-12
SECOND

lMPRoNEMENTS-T property is improved
with water. sewers, streets. sidewalks. cutters
and electricity.
Evening star., 1924-07-12
FOR SALE or EXCHANGE

SlX-ROoM AND BATH HOUSE IN GOOD
Sc. section; deep lot: $500, will exchange
equity for larger house NV Address Rox
211-E, Star office. 13s
EQUITY OF $1,000 IN 1ith ST. BUSINESS
property for Residence in NV. suburban
property: not to exceed $4,000, will con
sider any reasonable proposition, Address box
2s3 Il. star Office. I3s
WILL EXCHANGE A GROOM HOUSE FOR
or 8 room house in NV. section 421 5th
ST. 13s
LARGE IL II. & Il. BRICK. WITH 3-CAR
gar. cent. NV, for small city dwelling or
sub. home. Address Box 25l-E f, Star office.
MODERN FIREPROOF
APARTMENT,
HAVING SIX APARTMENTS OF FIVE
ROOMS AND BATH EACH. RENTS FOR
$500 PER ANNIM. OWNER HAS S15. 900
EQUITY. WANTS TO SELL OR WILL. EN-
CHANGE FOR SMALL. MODERN CHEVY
CHASE HOME. FOR FURTHER PARTICU-
LARS. SEE MIR. Il. A. ARMS. WITH
WM. X. fIARTUNG & Co,
110S 10th STREET NV
Evening star., 1924-07-12
+ Fl | RID

EESTRItlioNS-Only detached residences
are being erected at JEFFERSON PARK and
all lots have a frontage of not less than 60
feet. The deeds provide that only persons of
the aucaSIan race can ever gain possession
in this suburb.
Evening star., 1924-07-12
TAkOMA BUNGALOWS.
QUALITY HOMES.

/ AhoMA BONlALOWS
QUALITY HOMES.
We have 4 very attractive
new two-story houses and bun
galows at Takoma Park. These
houses were built under our
personal supervision and will
pass the closest inspection.
5, e and ] rooms and tiled
bath. Every Improvement. Lo-
Gated near 18th street cars.
VERY LARGE LOTS. 2 of
our houses sold to old Takoma
Park residents last week.
The prices range from SS, 500
to S11, 500.
Easy terms-write or call for
booklet with pictures and full
information.
Fl. l.. THORNTON.
Owner-Builder.
Office: 1904 4th Street,
Takona Park, D. c.
Office phone Adams 5254.
Evening star., 1924-07-12
sALE-APARTMENT HOUSES.

NEW APT. HOUSE-FoUR ATS. INCOME.
So oSo. price. S2i 600 1Ii0 81. NV.
Phone North 562s-W. 10
NEAR LINCOLN PARH-APT. HOUSE OF s
apis. Mass. 18th Sc. splendid
investment; investigate at once. JAS. s.
MERRITT. 1901 f. Capitol. 13'
FIREPRoOF APARTMENT.
Well located. Income. SI,ii0. Price. So. 600
Ii apartments. and 4 rooms and bath
Rental low. tbs we can recommend
\. {. HOTGHTON & Co. REALTORS.
1916 III St NV. Phones Main 1885 1851
I'VE have the BEST in every section"
Evening star., 1924-07-12
WOODBRIDGE. D. c.

WUUDRIDIE. D. c.
New 5-room bungalow: ami: hardwood
floors. Owner leaving will sell at reduction
easy terms.
New, g rooms; reduced to $3.50 Re sure
to see it Only $50 cash. bal. easy terms
3-room apis. for rent; with garage; new
house; including heat, gas, cleo, etc Only
$40 per mo- for all
+. A. LINGER. 31O9 24th st. NE.
Tel n 1921
Evening star., 1924-07-12

O'NiioohiiIS w dSlIlilS tOll.
Five minutes ride from new
Key bridge and proposed Me
mortal bridge; adjoins Fl. Myer.
Location high and healthful.
Small cash paym't. Mo. terms.
Alice M. Dunster,
Rosslyn. Va. North 1881.
Bargains in Nearby Virginia.
ARLINGTON PARK.
S6.OO0-s75O CASH
. rooms and bath. MI bungalow
s7.OOO-sI 900 CASH.
rooms and bath. mi. sem. .buu-aIop.
breakfast room: garage; lot 6Sx15O
SO sGO-s1 900 CASH
- rooms aud bath. Anil new bunrsloy.
h.w.f.; lot 6SXlJ0.
LYON PARK
S7.9J0-CASH 81 900
rooms and bath NIL: hwf: new bun
galow.
ss.O00-sI 900 CASH.
rooms and bath. ami. h.w.f.; bungalow.
s9s5O-sI. 800 CASH
rooms and bath. ami. semi bungalow:
h.w.f.; NV VII; breakfast room
CLARENDON.
S62JD-S1 900 CASH
y rooms and bath. ami, bungalow
AURORA HEIGHTS
SS.2J0-S1 900 CASH.
= rooms and bath, m. l.. bungalow: H. " h.
garage; lot 1JXIJ0.
LEE HEIGHTS.
SS3JD-Sl 800 CASH.
:, rooms and bath. ami, bungalow
50 S00-s2. 900 CASH
rooms and bath q mi, home.
EDGAR W. BOWLES.
1853 Pennsylvania Ave.
Opposite State, War and Navy Building
Main 1856.
Sunday hours. TO l.
WELL BUILT 4-ROOM BUNGALOW AND
acres in orchard in center of nearby Virginia
town; on hard surfaced road: splendid trolley
service to city. Owner is leaving town and will
sacrifice for 81 800. Cash payment. 81 COO:
easy terms balance.
Modern Groom and la ath house. in excellent
condition throughout: lear garage: nice lawn
shade trees garden; good roads; splendid troll
ley service. Owner will sell for s. 300 with
81 900 cash.
Lee Crandall, Ir.. & Co. Inc,
1928 l. st. NV. Main III
Evening star., 1924-07-12
WANTED-MONEY

WANTED-LOAN 81 600. SIX MONTHS: 9
per cent interest. good security; will pay
premium in addition to interest Write Capt.
A. II. DoNDER0. Army and Navy Club. IL
Evening star., 1924-07-12

UNFURNISHED: FOUR ROOMS; GAS
range: electricity; lot front on two streets.
50x1Io; vacant: Clarendon. Va: close 10 bus
line. five minutes from Georgetown: rent, s3s
per month.
Evening star., 1924-07-12
FOURTH.
FIT II.

IF 7 IT.
EtpNuMi-lou can purchase a preferred
home site III JEFFERSON PARK with Il front
Of 80 feet and depth of 11l feet for
just Sl.%So and viii arrange terms to
suit your convenience.
Evening star., 1924-07-12

FURNISHED: NINE ROOMS AND BATH;
three acres Clarendon, Va; and electric
ity: beautiful flowers and shrubbery: hye bed
rooms; immediate possession; long short
term lease; rent, 500 per month; 20l Ridgely
st.
Evening star., 1924-07-12
WOODBRIDGE. d. C

Two bargains in new houses; 8 rooms tile
BATH breakfast alcove, elec. lights, hot-water
heat. wash trays; $500 and $3.50; easy
terms. r. SONNEMANN, owner and builder.
$500 South Dakota avenue. Phone North
Evening star., 1924-07-12
WANTED-IOTS

GOOD NV. SECTION OR VICINITY: ABOUT
90 It. frontage: 81 300 TO Si.,0o cash: trees;
all improvements. Address Box 280 T., star
office. l3s
\ ROOMS, BUNGALOW TYPE; H.N.; HIGH,
large lots: = block OF Takoma ear. lith st.
ca' line: 800 Sh, wou.d accept lot as
cash payment; balance. $50 mo- 2lj and 2l3
Underwood 81. Price. s. 500 aud S9.o00.
WILL PAY ALL CASH FOR LOT NEAR CAR
line in Chevy Chase. u. {. Address Box LII
Star
Evening star., 1924-07-12

AVE. NEAR 9Th; WELL
rented; SIS, 600 equity.
Business building, 43x100; 2nd commercial;
NJ ST., near Goth NV: equity of $4,000.
Apartment near Thomas Circle: Rents,
$50, 500; new; central downtown.
No. 1882 18th n.w.:- Second commercial; lot
22xSn: well rented
New bungalows, southeast; never occupied !;
will add cash central city property.
GEO. Y. W0RTHINGTON & SON.
WOODWARD BLDG
Evening star., 1924-07-12
LYON PARK

LYON PARK.
Artistic NEW California bungalow, on large
corner lot covered with beautiful oak trees;
rooms, bath; full attic and basement; fire.
place. oak floors, gas electricity. must sell
this house Immediately. Price, $6,650. EASY
TERMS. Phone after 8 pm. Franklin $3.50. .
Evening star., 1924-07-12
WHY PAY RENT? ?

when $50 per month, with no cash pay
ment, will buy 4-rOom bungalow: lot
5Ox250; handsome electric fixtures and range
hot and cold water. After 10 months pay
ments drop to $40 per month. blocks from
street car. Price. 50. $50
Owners. ROGERS & ROGERa
Phone HSattsYiile 5S3
Evening star., 1924-07-12
PHONE CLARENDON 9I4.
c. EUGENE DOYLE,

Z. EO ONI4N L DO IL,
Clarendon Trust Co. bldg. Clarendon Va
6 FORT AVE, CLARENDON.
Or & b.: pipeless furnace: cleo; large lot:
garage: rent reduced.
r. H. RlON CO., INC, 1923 St ~ $3.50.