davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-31

pected to tempt manufacturers and
merchants to depart from the policy
of caution generally followed since
1920, but they did not do SO. Hand
to-mouth buying continued and adj
vances in raw material prices were
resisted unless clearly justified by sup
ply and demand. Progress in the use
of labor saving methods and equip
ment, which has been noteworthy in
American industry during the last few
years, was not interrupted by corpo-
rate prosperity, as is too often the
case. In short, good sense and enter
prise prevailed and Industrial and mer
chandising operations were charac-
terized by an absence of the specula-
tive spirit.
I'm other directions, however, credit
redundancy has resulted in active
speculation. Thus, although the ex-
ceIlent earnings of many corporations
have justified higher prices for their
stocks, in the case of others prices
have reached levels which cannot be
justified on these grounds.
Ample Credit Expected.
"Also important from the standpoint
of the business outlook, Is the ques-
ton of whether or not building and
construction, real estate speculation
ana the lTSIdllIleuL safes system nave
been unduly stimulated by low money
rates. While the shortage carried for
ward from the war and early postwar
period has been the real basis of the
building boom, increasingly frequent
reports Of vacant space and declining
rents seem to indicate that speculative
building has overtaken supply. There
is no question that there have been
excuses in real estate speculation in
many localities.
Although money Is firmer and an
early return of the very low rates
Of 1924 and early in 1925 seems un-
likely, credit stringency is not in sight
the outlook being for ample credit at
rates neither very high nor very low.
A firmer undertone. however, might
well prove to be an important con-
tributory factor in bringing about a
moderate slackentng of stock market
activity, speculative building and spec
ulation in real estate. Firmer money
would also be somewhat Of an obsta-
Gle to the further expansion OF Install
ment sales.
THE sound position of merchants
and manufacturers and the improved
position of the agricultural interests
of the country are ample grounds for
| confidence in good business in 1926.
| 1t is unlikely, however, that the year
as a whole will show as great gain
over 1925 as did last year over Its
predecessor and the certainty of stiff
competition in many industries will
call for high initiative and economy
! to assure satisfactory profits"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-31
Railroads Share Growth.

81 subscribe to the opinion that 1925
has not been an abnormal year, but
one registering normal growth of a
great country" declared Carl r. Gray,
president of the Union Pacific system.
so far as can now be seen, he
said, I'VE are not threatened with any
material changes in the law govern
ing railroads. The problem of 1926
will be to guard zealously the ad-
vances made in the last five years, and
TO bring about by every persuasive
method that just return for all rail-
roads through the country which will
safeguard their essential credit and
insure such circulation throughout the
body economic as will preserve and
protect the national health.
Buying power throughout the
Union Pacific territory is the best in
years as a result of more evenly dis
tributed agricultural prosperity. This
leads us to expect 1926, at least, until
August, to yield greater traffic than
the forepart of this year"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-31

New York City, where big business.
usually Republican, makes Its head
quarters. In other words, the policy
conceived must affect groups differ
emily and there are no political lines
in business
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-31
BY the Associated Press.

BY the Associated Press.
NEW YORK, December 31.-Pres-
snt business prosperity Will continue
we'll into 1926, in the opinion OF leaa-
gng bankers and Industrial leaders.
Forecasts for the new year prepared
BY these executives regard fundafneh-
al business conditions as sound. lay
stress on the administrations bust
ness policies. and are hopeful regard
ing the European outlook.
steel Business Good.
,sTbe business OF the manufacturers
~ the iron and steel industry OF the
United States during the year 1870
on the whole, may be considered good.
40 far as the volume Is concerned
said Chairman L. NJ. Gary or the
United States Steel Corporation. toI
p large portion of the year the selling
r,rices were lower than they ought I"
have been and many manufacturers
operated without much pror1t.
The wise and conservative 50.
ments OF the President from time To
time have been an important factor OF
encouragement to the general business
fraternity.
THE apparent change in attitude
OF many of the national legislators,
particularly with reference To econ
ony in administration, and more espf
cially taxation. and the decisions OF
the Supreme Court concerning bust
ness. showing a disposition t" assist
legitimate business progress. have
created a feeling of confidence on Th'.
part OF investors.
AT present the demand for iron
and steel products Is large and grow
ing in strength Selling prices are
improving somewhat. and there is rea-
son TO expect they soon will yield
20 most manufacturers considerable
profit. The prospects of this industry
FOR the year 1926 now seem to he very
good Unless some unforeseen cir
CumstanCeS arise TO prevent, the gen
eral business situation in the United
States during the coming year should
be satisfactory
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-31
Oil Industry Unsettled.

be satisfactory"
Oil Industry Unsettled.
''The petroleum industry has been
IN a very Unsatisfactory condition for
more than four years" said Henry L
Doherty, one OF the largest iudepend-
ent producers in the county. Prices
have frequently been highly democrat
tied, and none of the former recov
cries OF prices have carried any as
surance TO any thoughtful man that
they were certain TO be permanent"
The outlook at present Is more as
surfing than at any previous time in
this period. Our principal troubles
have come from the over-produCtion of
domestic crude. Production Of crude
has remained practically stationary for
three years. Production in 1924
showed a slight reduction as against
1928, and 1925 Will show only a slight
increase over 1928.
During this period our markets for
higher priced products, principally
gasoline. have grown immensely and
probably beyond everybody's expecta-
lions. Gasoline consumption is now
growing much faster than the growth
N registered automobiles, due princi-
pally to the growing percentage OF
buses and trucks. The adoption Of
oil for house heating Is now literally
sweeping the country. No accurate
figures are yet available on the con.
sumption of oil for house heating. but
this new market possibly has been in
creastng more rapidly on a percentage
basis than our consumption of gasoline
for automobiles has done
THE petroleum industry by nature
and by Government activities Is prob
ably more competitive than any other
industry. When we get ready to de-
velop our markets BY cooperative eff
fort we will find no problems we can
not master, and the business will prove
safe. stable and profita BILE We may
again have slumps until we get things
functoning on cooperative basis. but
our slumps should be temporary, and
when we get on a thoroughly co-opera-
tive basis, slumps will be a. thing of
the past
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-31
Shipping To Be Better.

+. \. 5. Franklin, president OF the
International Mercantile Corporation,
expects the shipping industry to do
better in 1926 than it has this year.
Europe is gradually recovering he
said, and transatlantic traffic, both
freight and passenger, should show
substantial Improvement during the
next II months" He explained that
the earnings of his own company this
year might not equal those of 1924
because of unsettled conditions in the
freight market and strikes in the Brit
ish Empire. particularly in Australia
The end of the year finds the rail
road position stronger than 1t has
been for d long time" said w. w. At
terbury. president of the Pennsylvania
Railroad.
THE volume of traffic handled has
been large. While that has been a
welcome fact, it is not the most well
come fact. The greatest cause for
confidence in the future is the evil
dence on every side OF the desire on
the part of the public to cooperate
with railroad management to improve
railroad service and to enable rail-
roads to respond to the need for great
er and more efficient transportation.
1.-The recent annual message of the
President of the United States, the
latest report of the Interstate Com
merce Commission and the activities
of regulating authorities generally all
give evidence of a healthier relation
ship between government and the rail-
roads.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-31

There are many reasons TO believe
shat the next year will see a continu-
ance of the steady growth and devel-
opment of the electric industry" de-
clared Sidney L. Mitchell, president of
the Electric Bond ard Share Co The
Eeslr just ended has established new
records in the amount of electricity
generated ana used in the United
states, in the amount of CAPITAL in
vested and in the diversity of the uses
20 which electric power may be put.
Extension of the country's general
ing plants has kept pace with the In
crease in the demand for electricity, so
that, while consumption has been in
creasing, the facilities for meeting this
increase have been provided
Industry is coming moro and more
70 depend upon central stations for
power, thousands of new residences
have been wired for electricity and the
advent OF the electric refrigerator and
numerous other domestic conveniences
mas swelled the aggregate demand
upon the central stations. During
1925 the United States generated -
1924. %
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-31
Securities Stable.

Most important of all. the public
mas become convinced of the stability
or electric securities under the present
state regulation, and this public CON
ndence has been reflected in the
ability of the industry to secure the
capital needed for proper development
or the country's power facilities.
In view of all these facts, there is
no legitimate reason why the progress
OF the country's electrical develop
Ynent should not continue during the
coming year.
While the electric company is less
susceptible than almost any other en-
rerpriSe to sudden changes in the gen
eral economic situation, there is, of
course, relationship between it's own
prosperity and the prosperity of the
Nation. With the factories of the
country going at full blast. there Is
more need for power than during
periods of depression
In view of the optimistic tenure of
recent expressions from the White
House and the Department of Com
merce, IL is reasonable to assume that
the whole tone of the Nations bust
ness will be good during 1926. This
TACT supplies an additional basis for
my belief that the new year will be
a prosperous one for the electric in
dustry."
Auto Industry Sound.
There is ample reason to expect
shat the first half of 1925 will be d
period of general prosperity in which
the automobile business should share"
asserted Alfred p. Sloan, jr., president
OF the General Motors Corporation.
The latter part of 1926 is still too far
away for one to Judge with much as
surance what ii may hold in store.
The momentum of business recov-
cry since last Summer will tend to
keep business active during, at least,
the first part of 1895. Conditions are
"a healthy balance at present. EN-
SIoyment is large, prices are relatively
staple, transportation facilities are
ample and efficiently operated.
Production and inventories gener-
ally are we'll controlled. and credit
conditions sound. In the light of such
a present situation, the expectation of
active Spring and early Summer bust.
ness seems to be justified.
Automobile buying during the last
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-31
Confidence Being Shown.

The trouble has not been so much
with the actual letter of laws regulat-
ing railroads, as with the spirit in
which some of the laws have been
interpreted.
THAT spirit is changing to one of
confidence. Railroad officers can feel
the strong supporting forces of public
opinion backing them UP to an ever
greater extent. 1t is putting life, spirit
and enthusiasm into the men In
charge of the affairs of the railroads.
These men feel a deep responsibility
to an enlightened public opinion. They
feel they are trustees Of vast property
interests. They have high regard
for the welfare of that great army Of
employees devoting their lives to the
railroad service. Their responsibility
is exercised with a knowledge that its
discharge in a spirit Of fidelity to all
interest will be encouraged and sup
ported by the Government and the
public; the possibilities of continued
and substantial progress are increased
beyond estimate.
IJpon such foundations we can build
a railroad structure in which investors
can trust and upon which the public
can rely All else is detail. The Amer
lean people have the greatest railroad
plant in the world. They have a more
competent and loyal set of railroad
officers and employees than any other
country With this railroad plant,
manned by such officers and employees
all publicly regulated in a construc-
tive spirit-a service can and will be
given TO the public which will consti-
tute at all times a foundation of ma
tional prosperity.
"I am. therefore. optimistic about
the railroad future"
Good Sense i'm Business.
Certain aspects of business in 1925
are of fundamental Importance in es-
timating the probabilities for 1926"
asserted James S. Alexander, chair
man of the board of the National
Bank of Commerce in New York.
During the first half OF the year
money rates were abnormally low, and
although they firmed UP thereafter,
the year as a whole has been charac-
terized by easy money.
The border vidette., 1925-07-25
LOCAL NEWS.

County Recorder Tracy Bird
was on the sick list Wednesday.
The Home Bakery is now at
home in new quarters at 22O
Grand avenue.
The beautiful green hills and
fields in and around Nogales are
a feast for sore eyes.
The Masonic lodge met Tues
day night at the Masonic Hall
for the regular weekly meeting.
Mrs. George Gushing. wife of
the steam laundry man, and little
daughter, are vising on the Pa
cific coast.
Mr.. and Mrs. F. J. Rice are
visiting in Nogales from Pueblo.
Colorado, as guests at the Bow
man Hotel.
E. B. Byrket, of the Evans
Mercantile Company, visited No
gales Thursday a few hours,
from Patagonia.
Miss Flo Elliott and Miss Mus
grave. from the Eason Ranch at
Camille, visited in Nogales this
week a few days.
A number of nice improve.
ments are being made at the
Bowman Hotel, under the per,
sonal direction of Manager w.
J. Jackson. Several modern
rooms with connecting bath are
among the improvements.
The border vidette., 1925-07-25

Shelly e. Keiser has returned
from Hermosillo, where he went
on business for his oil company.
Miss Cora Barnett of Douglas,
is visiting Nogales, a guest of
her unce and aunt, Mr.. and Mrs.
J. w. Macfarlane.
Mrs. Joe Berk has gone to
Los Angeles, thence to New
Nork, on a purchasing trip for
The Modern Shop.
The Nogales Knights Of Ply.
thias lodge met Wednesday night
at Castle Hall for the rugular
stated business meeting.
Thos. D. Casanega. prominent
successful Tubac farmer and
stockraiser, was county seat
business visitor Wednesday.
James L. Finley. chairman of
the board of supervisors, has
returned to his ranch near Ca.
nile, following a business trip
to Sonora, Mexico.
w. Beckford Kibbey, Jr,, of
the Ell Alamo ranch in the Mag.
dalena, Sonora, district, has re-.
turned to the big ranch, follow.
ing short business visit in the
border city.
William p. Tiedermann assist.
ant secretary of the Sonora
Bank and Trust Company, has
gone to New York to enjoy q
short visit with his wife, who is
spending the summer on the At.
lantic coast with relatives.
The border vidette., 1925-07-25

the Mayor and Board of Aldermen
August 1925 at the hour of
Council Chamber the City Hall
place and be heard
expenditures eves
Board of Aldermen of said
August 1925 at the hour of nine
M City Hall said City for
the of making forth the above estimate
IN WITNESS WHEREOF caused the official
of the of be of july 1925.
HEROLD,
Clerk of the City OF No9ales, Arizona.
Evening star., 1925-02-06
NURMPS FEATS DUE
TO LIFE FINNS LEAD

HELSINGFORS, Finland, February
6.-The recent exploits of Paavo
Nurmi in the United States and the
remarkable success of the Finnish
athletes at the Olympic games in
Paris have led sportsmen of many
countries to see the secret of the
FinlanderS prowess.
According to government health
authorities, it lies largely in the
healthy, spartan diet of the people
and the essential virility of a race to
whom hard bodily exercise is as much
a necessity as food and sleep.
The famous "Skyddskarer"-the
death against Russia-liked to de-
scribe themselves as patriotic sports
men in arms"
The staple food of the country, out
side the towns. is a kind of porridge
Of which bran forms an important
part. Finnish bread is coarse and
hard, and it is to this that medical
authorities attribute the strong, beau
tiful teeth possessed by every Fin
lander
The chief beverage of the country
is milk, which is taken with all meals
by persons of every class.
Nurmi's diet while in training is
said to consist largely of porridge,
coarse bread and milk, and it is to
this diet that he attributes his ath-
letic success.
Evening star., 1925-02-06
Finds Skiing Valuable in Training Demand Neu Ranking Lkel
WALKER is REFEREE
OF CLUB RING CLASH

Ailing tonsils kept Mickey Walker,
welter champion of the world, out of
fighting togs last night, but did not
keep him out of the ring at Congress
sional Country Club.
The stocky fighter, at present a
guest of the club, who was to have
engaged in a boxing exhibition, in
stead acted as referee of an eight
round bout between Jimmy Water
man, Mayfiower sailor, and Joe Cum
miskey, Mohawk Athletic Club mid
dleweight.
More than 700 spectators, almost
half of the number women, crowded
the club gymnasium in which the
contest was held. What the bout
lacked in quality was somewhat off,
set by the earnest manner in which
both principals went about their
work. Large gloves were used, soft
ening the blows, but Waterman was
able to get enough into his punches
to floor his opponent twice for couDts
of six.
Walker, addressing the crowd be-
fore the fight, expressed regret that
doctors orders forbade his participa-
ton in an exhibition, but promised to
stop in Washington on his return
from the West and do some boxing at
Congressional.
The champion called on President
Coolidge yesterday and presented him
with a pair of autographed five-ounce
boxing gloves. The President wanted
to know what he should do with
them. use 'em on your next Con-
gress," Mickey said he told the Presi-
dent
Walker was to appear before the
disabled veterans at Walter Reed
Hospital today before leaving for
Los Angeles.
Evening star., 1925-02-06
CENTRAL'S RIFLEMEN
TO START CAMPAIGN

A small bore telegraph match with
Columbia University freshmen, start
ing on Monday and lasting through
the week, will open the season for
members of the Central High School
rife squad.
Ten men from each school will par
ticipate in the indoor shoot, each fir
ing one target of 10 shots in the
prone position, the highest scores
counting In the final tally. The dis
tance is 80 feet.
After the Columbia match the team
will not enter competition again until
March, unless return match with
the New Workers can be arranged in
the meantime. During the first three
weeks of March the Astor Cup and
national interscholastic matches take
place, and Central hopes to enter two
teams in each. Both shoots will in
clude four positions, prone, standing,
kneeling and offhand. Nearly a hun
dred school teams are expected to
compete in each.
CentraPs team for the opening
match with Columbia has not yet been
picked, but the 10 men will be Sc
lected from the following, who have
made excellent showings in practice
sessions: Campbell, r. Radue, man.
ager; F. Radue, Bowman, Fisher,
Marquis, Boudinet, Needs, Reese,
Grimes, Sehorn, Kasehagen and Yoe-
mans.
Evening star., 1925-02-06
TERRIS AND MANDELL
WILL TRADE PUNCHES
BY the Associat ted Press.

BY the Associat ted Press.
NEW YORK, February 6.-Unoffi-
cially the elimination of lightweight
championship contenders starts to-
night when Sid Terris of New York
and Sammy Mandell of Rockford. Ill,
meet at Madison Square Garden in a
12-round bout.
Terris, a veritable whirlwind with
in the ropes. will face a rough at
tack which includes hard jolts in
both hands. The East Side man, who
came out of the amateurs a few years
ago to lay claim to the honors of his
weight, has been climbing steadily
since encountering defeat at the
hands of Eddie (Kid) Wagner OF Phil
adelphia. Since that time he has con-
quered Wagner. Jimmy Goodrich of
Buffalo, Luis Vicentini of Chile and
Whitley Fitzgerald.
In November. 1923, Mandell scored
a decision over Babe Herman, and a
month later was awarded a draw in a
bout with Terris at Madison Square
Garden. He received a draw with
Jack Bernstein, former American
junior lightweight champion, on jan
uary II, 1924. He gained a decision
over Bernstein in the same ring No
vember z and last month scored a
technical knockout in a bout with
Charles Feraci at New Orleans.
The New York State Athletic Com
mission, which Is sponsoring a tour
nament to provide a successor to the
crown recently laid down by Benny
Leonard, has decreed that any entrant
who meets defeat during the time the
tournament is in progress will be
ousted automatically.
Harold Smith, a clever Chicago ban
tamweight will fight the semi-final
of II rounds with Charley Goodman.
Evening star., 1925-02-06
FRIGERIO is UNABLE
TO GET RACE SHIFT

NEW YORK, February 6.-Ugo
Frigerio, little Italian walker, who
kept his heels in the faces of all
opponents at the Olympic games in
Paris, but has taken only dust from
the American, Willie Plant, since COM
ing to the United States for brief
visit, now has turned to naming con-
ditions for races.
But, unlike Paavo Nurmi, the Wis
itor from Finland, he has failed to
impress officials of the Wilco A. A.
meet. Frigerio had planned to start
against Plant and Phil Granville of
Canada in the Wilco 3,000-meter test
in Brooklyn tomorrow night, but al
most at the last moment changed his
mind and requested that the distance
be stretched to four miles or more.
The Italian was permitted to with
draw from the 5000, a fixture at these
annual games, and is expe cted to ap-
pear in an exhibition race against
any who desire to oppose him.
Evening star., 1925-02-06
VARSITY BASKETERS
ARE HAVING A REST

Washington will be without college
hasty arrangements for contests are
made.
But one engagement was scheduled,
that between Albright and George
town, and 1t was erased from the
books when Albright suddenly de-
cided to abandon it's Southern trip.
Albrights action also Cancelled the
game due at Gallaudet tonight.
Catholic University basketers were
to return to Washington today from
their Northern tour chat resulted in
three defeats on consecutive days for
them. The last trouncing was ad-
ministered yesterday by Crescent
Athletic Club in Brooklyn. The Red
and Black was easy for the clubmen,
taking a 3S-to-12 beating.
George Washington University
swimmers are at Swarthmore today
for a meet with the Little Quakers.
Tomorrow the Hatchetites will swim
against the tank team of Lehigh at
Bethlehem.
Seven boxers of Catholic University
are to meet the team of Virginia
Military Institute in series OF
matches at Lexington tomorrow. The
Brookland squad. piloted by Coach
Ted Mitchell, includes: Capt. La Fond,
14S pounds: Conveigh, 135 pounds;
Moore, IT'S pounds; Mayer, 1S5 pounds;
Laigay, 115 pounds; Torrelden, 125
pounds; Adams, 160 pounds.