davidaulloa/AmericanStories huggingface dataset:
Evening star., 1925-05-30
EVERYMAN'S
INVESTMENTS
BY GEORGE r. HUGHES.
Investments and Specu.ations.

investments ana Spcculdt1OHS.
No sharp line can be drawn between
investments and speculations. The
two shade into each other and some
times a commitment may partake OF
the nature of both. Investment ls
sometimes defined as the purchase OF
income, but it is often applied to a
very different operation. For instance,
when a man buys a piece of unin.
proved real estate he may say he is
investing, although there is no present
income to be derived from his hold
lngs. In the same way he may con-
slider he is investing when he buys a
non-dividend-paying stock.
There is this distinction, however,
that the investor who puts his money
into some non-dividend-paying security
does so primarily. with regard to value
and not with regard to price. The
speculator always puts price first. The
theory has recently been advanced
that over a period of years purchasers
OF some common stocks come out bet
ter than buyers of bonds. If this
theory is correct it is because in a
successful and well managed corpora
tion the equity behind the common
stock is constantly increasing through
the reinvestment of surplus earnings
In the property.
OF course there come lean times
when operations are conducted at a
loss, but these are more than made
up. if the corporation is really sue
cessful, by periods of prosperity. Now
man may buy such a stock with the
idea eventually of sharing in these
surpluses which belong to the common
stockholder. If the corporation shows
steady progress he may be sure that
some day the price will reflect this
prosperity. although it may not be so
at any particular time.
Copyright 1929
Evening star., 1925-05-30
ROCKVILLE.

ROCKVILLE, Md, May 80 tSpe-
ciaD.-Paul 7. Weisser. general secre-
tary of the Henry Watterson Chill
dren's Aid Society, will be the princi-
pal speaker at the annual meeting of
the Montgomery County Social Serv-
vice League, to be held in St. Johns
Parish Hall, Bethesda, next Tuesday.
Officers will be elected to serve one
year, a resume of the activities of the
organization will be given and re-
port will be made of the result of the
membership drive now in progress.
As a result Of competitive exami.
nation, in which 800 participated,
WilIiston Dye, son of Capt. and Mrs.
L. l.. Dye of Garrett Park, this
county, will be among the Is to be
appointed by President Coolidge to
the United States Naval Academy at
Annapolis. He will report June 15.
Licenses have been issued by the
clerk of the Circuit Court here for the
marriage of John B.. Rodriguez. 81,
and Miss Marie Helm. %. both of
Washington; Charles F. Kelly. 21, and
Miss Ruth f. Boland. Il, both of
Sperryville, Va.
Gov. Ritchie has appointed Jesse T.
Mower notary public for this
County and his commission has been
received by the clerk of the circuit
court here.
James III. Moneymaker, a well
known resident of Cropley, was SEN
fenced to two years in the Maryland
house of correction by Judge Samuel
Riggs in Police Court here, following
his conviction on a charge OF carry.
ing g. concealed weapon.
The program of the annual Con-
federate Memorial day observance at
Monocacy Cemetery. at Beallsville,
this county next Wednesday, has
been announced. The exercises will
be under auspices of the E. V. White
Chapter, United Daughters of the
Confederacy, and will include an ad-
dress by Representative Lamar JET
fers of Alabama; presentation OF
medals to veterans of the World
War who are sons of the veterans
of the Confederate Army, by Mrs.
Thomas R. Hall, president OF the
chapter: q paper by Mrs. Thomas F.
ChiswelL. singing of patriotic songs
by the assemblage, and music by the
PoolesviIIe Band. Charles w. Wood
ward of the Rockville bar will pre-
side.
For failing to obtain a license on
a dog owned by him Daniel Gather
was fined SIS and costs by Judge
Samuel Riggs in the Police Court
here.
That the use of the Rockville fair
grounds as an amusement park for
the Summer months, for which pur-
pose they have been leased to a resi-
dent of Washington, does not meet
with the approval Of the Rockville
Inquiry Club was evidenced at a
meeting of the organization at the
home Of Mrs. George s. Stone. when
Mrs. Ernest L. Bullard and Mrs. S.
J. Goode were named committee to
protest, especially so far as the
operation of the park on Sundays is
concerned. The ministers of the
town, it is understood. cooperate in
opposing desecration OF the Sabbath
there.
Evening star., 1925-05-30
OBJECT TO CONVERSATION
silkworm Raisers Ask Visitors to
Refrain From Talking.

From the North China Herald.
When the raisers of silkworms go
I'D Weisun, a sacred mountain at
Wusih, Central China, at the Using
Ming feast Of pure brightness) seasons
they put the eggs into their clothing
so that the worms may make the as
cent with them. Silkworn raisers are
very superstitious in this part of the
country and this is done to bring good
Iuck to the cocOonS.
Strangers going through the coun-
try where the mulberry tree grows are
asked to refrain from conversation be-
cause the silkwormS might be excited
or agitated by the sound of foreigners
at hand. The worms are carefully
guarded against all noise, some keep
ers being so careful and also so su-
perstitious as 70 announce the arrival
of travellers TO the silkworms.
II this custom is not observed and
ANYBODY comes TO the town making
any noise, or is not announced, the
raisers of the silkworms become very
angry. The traveller receives scant
courtesy and is driven out of the town
with curses.
Evening star., 1925-05-30
BUTTER RECEIPTS UP.
Prices, However, Reach Higher
Levels During Week

CHICAGO, May 80 CP).-During the
week the butter markets here were in
a firm position and prices showed an
average advance of l cent at all mar
kets. While demand from consuming
outlets was quite satisfactory, yet the
firmness which persisted in spite of
heavier receipts and some accumula-
ton in trading stocks was partly due
to speculative interest on the Chica-
go and New York markets, which,
while not forcing further advances
after the beginning of the week, serv-
ed to hold the market level and pre-
vent declines.
The medium and under grades were
limited, indicating that the quality of
new arrivals was very good. Cen
.tralized butter, however. was made
yIuate for the great demand, but was
firmer throughout the week than any
other type of butter.
The easiness which developed late in
the week, as a result of the heavy
receipts and an increase in street
stocks, was not sufficient to counter
act this speculative support.
Evening star., 1925-05-30
GEESE IN COTTON FIELDS.
Keep Grass From Plants, Do Not
Damage to Crop.

From the Pittsburgh Sun.
Geese as cotton-field hands sounds
unique, but Roy Godsey, field man of
the Missouri State board of agricul-
ture, tells how they come in handy.
He says:
1T Is a common saying among the
cotton growers that you can tell the
number of acres farmer will have in
cotton the next year by the number of
geese around his door in the Winter.
AS soon as the cotton Is planted
and the grass starts, the geese are
turned into the field and kept there
until the cotton plants shade the
ground. To raise good cotton it is
necessary to keep the grass down, and
the geese will do this. They will not
damage the crop in the least, because
they will not eat the plants.
AFTER the plants have grown to a
size that a goose cannot step over
them the entire flock Is headed at one
end and driven down the middles, a.
goose to a middle. and they will stay
on their own row eating the grass
until they reach the end. From one
to two geese an acre will keep the
fields in good shape for a cotton CROP"
Evening star., 1925-05-30
BY STUART p. WEST.

Special Dispatch to The Star.
NEW YORK, May 3O.-The stock
market wound up for the Memorial
day holiday with the conviction that
the influences making for higher
prices were still predominant. There
was more or less criticism on the
ground that recent advances were
seemingly the work of professional
traders, rather than of spontaneous
buying on the part of outside inYes-
tors.
But as against this. 1t was to be
said that the investment element in
the market was more prominent than
it had been four or five months ago.
Speculation Moderate.
AS regards the speculative portion
of the market, it has had much better
investment backing than there was
during the wild performances of the
Winter. Some of the recent advances
have been overdone, but there has
not been the recklessness that there
was at the start of the year.
1t is foolish to dwell too much upon
the activities of the habitual Wall
Street traders. The professionals
would not commit themselves to the
side of advance unless they perceived
the substructure of the market to be
strong, unless they saw that it was
in condition where even after
considerable advance in prices, real
holders of stocks were not being
tempted to sell
Sterling Up. Francs Down.
The important international Incl
dents of the week were the settling
down of sterling exchange close to
The normal par and we'll above the
level at which Great Britain would
nave ordinarily been shipping gold
out before the war. and second, the
drop. for the first time this year, in
Evening star., 1925-05-30
Stocks Go Higher During Week;
General Trade Also improves
Thrty-Eight Advances in Wholesale
Prices and IL Declines--Steel Mills
Getting More Ne,o Orders.

the French franc below 5 cents.
Some of the much advertised pre-
dictions regarding what would hap
pen to England on it's return to a
gold basis have been working out
badly. The Bank of England has re-
gained more than half of what rela
lively small loss in bullion 1t sus-
tained between the close of April
when restoration of the gold stand
of May.
Paper Francs May Go.
The decline in francs makes it
easy to believe reports that the new
French ministry proposes to deval-
orize the paper currency. If the
paper franc were reduced to one
fourth of its oldtime value, it would
correspond to actually existing
market conditions.
Then, IL taxes were sufficiently in
creased to balance the budget, there
should be no trouble about taking
care of the short-term Treasury obli-
ations which long have been the chief
danger in the situation.
General Trade Good.
General trade in this country is in
better shape than at any time since
Midwinter. Prices have stopped go
ing down. They have been pointing
the other way. Dun's review reports
that during the week there were 3S
advances in wholesale quotations as
against II declines. Along with this
has come evidence that buying of pig
iron has picked up and that the steel
mills are booking more new business
than they were a month ago.
The profit margin is still small but
Wall Street has had a chance to re-
concile its calculations with much
more. conservative ideas as to what
profits are to be.
(Copyright 1026)
Evening star., 1925-05-30
GRAINS SKyR0CKET
IN WEEKS TRADING
Frost, Drought, Root Rot and
Fly Havoc Send Prices to
Higher Levels.
BY the Associated Press.

BY the Associated Press.
CHICAGO, May 30.-AlI grain has
gone skyward in price this week, ex-
cepting only that May delivery of
wheat fizzled out at a loss. The big
general rise in values came chiefly
from domestic crop damage reports
which border on the sensational. Com
pared with week ago. wheat prices
today range from 3as decline to 14b
advance, with corn, 29s to IL up, oats
showing 2h to 5Aa5as gain, and pro-
visions unchanged to SIS higher.
70-Year Record Smashed.
Abnormal sudden changes from heat
to cold that broke a record of 10 years
for this part of the season had much
to do with the widespread domestic
crop injury which aroused anxiety in
the grain trade and sent values soar
ing. The harm said TO have been done
to wheat by the freeze was rivaled by
the havoc represented as ha wing been
accomplished by Australian take all"
a kind of root rot, and by Hessian fly,
as well as by drought. Need of rain
throughout the greater part of the
wheat belt kept trades on edge, mas
much as large part of the Winter
wheat crop Is now at the critical stake
of growth.
Export Buying Slow.
Falling off in immediate export de-
mand for wheat was largely RESPONSE
Bile for the tame action of prices for
May delivery of that cereal. Dearth
of export buying of wheat was as
cribed to favorable passages for new
wheat and rye crops in Europe. Ac-
cording to one estimate the total Eu-
ropean production of wheat and rye
this season will he 392 900 600 bushels
more than last year.
Frost received most of the blame for
changes in the corn crop outlook that
resulted in hoisting the price of De-
cember delivery of corn in particular.
Extensive replanting of corn was said
to have been rendered necessary. Re-
ports of serious damage TO the oats
crop as well as to wheat and corn
were also a disturbing market factor.
Provisions owe their upward tilt
chiefly to the rise in the corn market.
Evening star., 1925-05-30
Leading Factors
In Weeks Gains
In Stock Values
BY the Associated Press.

BY the Associated Press.
NEW YORK, May 30.--Bullish
sentiment was created by the es-
tablishment of another new l92o
freight record in the week ended
May 16, the latest for which sta
tistics are available; announcement
of higher gasoline prices in the
East; maintenance of the Chicago
and Northwestern dividend, and the
resumption of payments by the
Inspiration Copper Co. and higher
prices for several basic commodi-
ties.
Heavy buying of the motor is
sues, practically all of which
mounted to the years highest lev
els, was inspired by reports of rec
ord-breaking production and sales
by several Of the larger companies.
Merger rumors supplied the in
centive for a renewal of bullish
demonstrations in the public utili-
ties.
Evening star., 1925-05-30
MILL OUTPUT CHECKED
TO AVOID OVERSUPPLY

GASTONIA, N. c., May 80 CP.-
Beginning of curtailment to avoid &C.
cumulating of unsold stock yarns was
the chief feature of the week among
the textile mills of CASTOR County
The carded yarn mills are following
a drastic curtailment program rang
ing from three days a week operation
to a complete shutdown.
Fine combed yarn spinners show
every evidence of curtailing as rapidly
as they complete deliveries, pending
new orders. Twelve mills are cur
failing in whole, or in part, and others
will follow unless an improvement is
noted in market conditions, bringing
orders to justify operation.
Evening star., 1925-05-30
DUN'S REVIEW SHOWS
BUSINESS PROGRESS

: NEW YORK. May 80 P).-Dun's
Review today says:
In spite of a widespread and severe
frost, which is quite exceptional after
the middle of May, business sentiment
shows further improvement this week
and evidences of some additional ac-
tivity continue to appear. Operations
in several of the primary markets
show additional interest on the part
of consumers, and this has resulted in
some new business. Shoe business is
exceptionally dull and this is reflected
in the leather market. The tone of
the primary textile markets is rather
: better, but further curtailment of pro-
duction in the cotton industry is being
urged and is quite generally prevalent
in woolenS.
The silk industry continues very
active and knit goods operators are
well employed.
Evening star., 1925-05-30
ORIGIN OF HANDKERCHIEF.
Traces Among Egyptians-0val in
Shape Until Louis XVI.
From the Detroit News.

From the Detroit News.
1t is difficult to assign period and
a country of origin to the handker-
chief. But it seems to have been
known in remote ages, and traces
of it are to be found among the
Egyptian.
On the contrary, strange as 1t may
seem, the Greeks appear not to have
used handkerchiefs. Passing from the
Greeks to the Romans, we find that
the latter had something of the kind
which they called 'sudartum" (sudor.
sweat). 1t was Of the finest lace and
was used chiefly as an ornament and
as fan during the games in the cir
Gus.
For many centuries afterward there
Is no mention of handkerchiefs. and
we only find traces of them about
1850 in Italy. For many years the
handkerchief was round and oval, and
it was not till the time OF Louis XVI
that it became square.
Evening star., 1925-05-30
TWO BIG RAILROADS
SEEK JERSEY CENTRAL

Special Dispatch to The Star.
NEW YORK. May 30.-Persistent
buying of Reading, which has been a
feature of the railway section recently.
carried the stock to a new high yes
terday. Both New York Central and
Baltimore and Ohio interests have
been credited with much of the buying
in the Reading shares. The goal is the
Central Railroad of New Jersey, which
the Reading controls.
Jersey Centrals earnings this year
are expected to amount to between
$50 and $40 a share. but it is the
strategic importance attaching to the
Jersey Central that makes it attrac-
tive to New York Central and Balti-
more and Ohio, and not the present
income position.
Evening star., 1925-05-30
Snow Cleared by INT.

In the Rocky Mountain National
Park. where heavy SHOWS In Winter
oblnerate the trails and present a big
task should they have to be removed
in the Spring in the usual way or by
nefting, workmen thread a long fuse
of INT through the snow, about when
the last snow has fallen, and ignite
it. This clears the road in a flash.
The fuse is incased in tube of lead
10 preclude premature accident.
Evening star., 1925-05-30
w.. B. & A. SECURITIES
LOSE THEIR MOMENTUM
Profit Taking in Both Stocks and
Bonds Greatly Slows Up
Trading

Special Dispatch to The Star.
BALTIMORE. May, 30.-The edge
IS off the market for Washington,
Baltimore and Annapolis Electric
Railroad issues for the present at
least. Absence of support and offer
inSs to realize profits in the stocks,
which doubled in market value, and
in the bonds, which advanced over 10
points, have caused sharp recessions
in the issues.
1t is suggested that too much pub
licity may have interfered with the
reported plans for the entrance of
new interests into the property and
that they have decided to wait until
the excitement dies out before re-
Stunning conversations.
Evening star., 1925-05-30
Coaches Have Glass Roofs.

Taking a tip from the glass bottom
ed boats running to Catilina Island
off California, railway company in
Romsdale, Norway, has fitted its rail-
road coaches. running through scenic
sections, with glass roofs. This en-
ables the tourists to see the towering
mountains in comfort from their seats
and has increased tourist travel con-
siderably.
Evening star., 1925-05-30
FISHERS BODY NET.

NEW YORK, May 80 OP.-PreIim-
mary figures of Fisher Body Corpora
tion's earnings for the last fiscal quar-.
ter ended April 80 show net exceeding
$S,000,000. This is more than SO a
share on the common stock and in
dicates $6.25 a share for the fun fiscal
year against a dividend outlay of
$3.75.
Evening star., 1925-05-30
RUBBER LAND WORKED.

NEW YORK. May 30 GP.-The
United States Rubber Co. has about
10000 acres of it's 10000 acres in
Sumatra and the Malay Peninsula
under cultivation, Vice President
Hotchkiss said today on his return
from six.month trip to the prop
erty. The total producing area was
about $4,000 acres, he said, which
would yield about 10000 600 pounds
Evening star., 1925-05-30
DRY GOODS IN BETTER
DEMAND THAN YEAR AGO

NEW YORK, May 80 LP-Moder.
ate sales of sheetings for the bag
trades were reported Yesterday at 36
cents pound. Staple cotton goods
generally were quiet. but demand con-
tinued for novelties in wash fabrics
Yarns were steady. Leading cotton
goods houses stated that Western re-
ports Of dry goods distribution were
distinctly optimistic and much better
than a year ago.
Silk held steady while silk goods
were active in wholesale and retail
channels
Evening star., 1925-05-30
FIRST DIVIDEND VOTED.

NEW YORK, May 80 H9.-Sterns
Bros. declared an initial dividend of
81 a share on the class A stock. pay
able July 1, to holders of record
June 20.
The Guggenheim-Ryan syndicate
has declared an initial dividend of 80
per cent to holders of rights under
the Congo Mines participation agree
ment of 1907.
Evening star., 1925-05-30
HEAVY EARNINGS LIFT
STOCKS DURING WEEK

NEW YORK. May 80 P).-Heavy
accumulation took place in several in
dustrials whose earnings have been
running at a high rate, Simmons Co.,
Certain-teed Products, United States
Industrial Alcohol, American Tobacco
B, United Cigar, Woolworth, Eaton
Axle and May Department Stores be-
ing among the many issues to estab-
lish new peak prices for the year.
Money rates held relatively steady
with per cent the ruling rate for
call loans.
Evening star., 1925-05-30
Irons Heat Controlled.

By means of a new invention.
worked out from very simple prin-
ciple, an electric iron. percolator and
similar equipment will automatically
shut off the current whenever the in
strument gets overheated. 1t is a
thermostat arrangement. and before
the iron gets too cool it will again
start heating. The invention will
considerably lessen the number of
fires resulting from overheated irons.
Evening star., 1925-05-30
Greenland Moves Westward.

Southern Greenland is moving away
from Scotland at the rate of so to 125
feet a year and Iceland fs moving
away from Norway at the rate of 63
feet a year. The land is not actu-
ally moving, but the shores on that
side are being worn down by the action
of the water which is not as pro-
nounced on the other sides of these
bodies Of land,
Evening star., 1925-05-30
Polo Costly Sport.

Nearly one million dollars were used
TO arrange and finance the interna-
tioral polo match between Great
Britain and United States in 1924,
when the Prince of Wales was in this
country. The gate receipts, of course,
dds not pay for even small part of
the. Two of the ponies, how
evex, sold for $4,000 each immediate
" after the match, which consisted of
only two games.
Evening star., 1925-05-30
Stocks AdUance
For -Four Weeks
Without Break
By the Associated Press.

By the Associated Press.
NEW YORK, May 30.-For the
fourth consecutive week the main
price movement in this weeks
stock market was upward. Out
side of the stock market chief
financial interest centered in the
strength of sterling exchange,
which sold close to dollar parity,
and the weakness Of French francs.
which sank below 5 cents to the
lowest level since last Summer.
Professional traders continued TO
dominate the stock market, al
though increased public participa-
ton was apparent in many issues.
particularly in the motor, rail and
public utility groups.
Evening star., 1925-05-30
OId.Timer for Paving.

From, the Progressive Grocer.
Salesman-I observe that you treat
that gentleman very respectfully.
y Merchant-Yes, he's one Of our early
settlers.
! Salesman-An early settler? Why,
he's not more than forty years of age.
Merchant-That may be true. but he
pays his pllA& - the tfrst.Hfs eKAS,o
months .,.L -.
Evening star., 1925-05-30
MORE FAILURES NOTED.

NEW YORK, May 30 R.-The
weeks commercial failures through
out the country increased to 422, COM
pared with 406 the week before, r. G.
Dun & Co, reports, and BAL the cor.
responding week last year. Fewer
defaults occurred in the East, but in
other sections there was a gain.
Evening star., 1925-05-30
WEEKLY BANK REPORT.

NEW YORK, May 29.--The actual
condition of clearing house banks and
trust companies for the week five
days. shows excess reserve of $49,-
<Ol,32O. This Is an increase in re.
ssrye ef H,aSAo1e- -GemnaEe5Etth
Evening star., 1925-05-30
Query the PFOmoteF.

Determine how much Of his own
money the promoter IL putting into
his scheme before you decide to risk
yours. Don't take his word for it
make him prove It.
Evening star., 1925-05-30
RATES ON BAR SILVER.

LONDON, May 80 R.-Bar silver,
31asd per ounce; money, 37s per
cent. Discount rates, short bills and
three-month bills, 4%a47-16 per cent.
Evening star., 1925-05-30

The hardest work some men do is
inyentiazexenaesstR tR keen {fzaEai come
Evening star., 1925-05-30
Money to Loan

Secured by first deed of trust on real estate.
Prevailing interest and commission.
Joseph |. Weller ase Wash: ash, L: Trnst n