davidaulloa/AmericanStories huggingface dataset:
Evening star., 1925-05-18
EVERYMAN'S
INVESTMENTS
Politics and Securities.
BY GEORGE T. HUGHES.

a common mistake of investors is
to oYereStimate the Importance oil
politics as an influence upon business
and upon securities. Temporarily po-
litical changes do affect market prices.
Rarely do they change investment
values. Such an illustration of this
proposition is the history Of the pub.
lie utilities during the past five years.
AS Samuel insult one of the best
known public utility operators in
America, pointed out the other day.
in 1920 no one wanted utility stocks
and few were willing to take utility
bonds. The feeling then was that pub
lie regulation of the utilities had gone
SO far as to endanger the future of the
industry. The high cost of doing buSi-
ness also made investors hesitate, but
their chief concern was over the po-
litical situation.
Today all that is. changed. 1t is
generally admitted that except for the
fractions there is no more attractive
field for investment outside of Gov
ernment obligations than that offered
by the utilities. Public regulation is
still in effect and here and there poll
ticians are still hostile. but they are
in a decided minority. They have come
to see that these essential enterprises
must be allowed to earn a return suf-
ticient to attract new capital and the
political factor is no longer the domi-
nant one.
Economic laws are stronger than
the whole tribe of politicians. Take
the case of the apparent exception,
that of the fractions. II is not the
attitude of legislatures or common
councils or mayors that has brought
the fractions to their present low es-
tate. 1t IS the revolution in motive
power which is at the root of the
trouble. Many people who used to
travel on street railroads now use
busses or private autos. The street car
must always run on the route marked
out by its rails. The motor bus
changes its course as circumstances
dictate. This is an economic change,
not a political one at all. The wise
investor will not allow political senti-
ment to frighten him provided the
economic situation is sound.
Copyright, 1920
Evening star., 1925-05-18
FOWLS CHEAPER
At CENTER MARKET
Other Wholesale Charges Are
Close to Last Weeks
Quotations.

a liberal supply of fowls this morn
ing was given as reason for a slight
decrease in prices. The shipments
came from Maryland and Virginia
and far-diStant points, and it is prob
able that increased supplies of broil-
ers later in the week will bring down
their prices before the close of the
week
Butter and egg prices remain firm.
Receipts arc reported large enough to
meet demands, and no explanation o.
continued high prices is given. Prices
of most commodities this morning
were the same as those reported at
the close of last weeks market.
Today's Wholesale Prices.
Butter-Fancy, tub, 52a54; prints
55a57; store packed, %.
Eggs-Fancy, selected candled
2Sl2a29; average receipts, IS.
Poultry, alive-Broilers, 45; white
Leghorns, 35a38; heavy fowls, 2Sa29
medium fowls. 26a27: keats. 4Oa75
geese, 15a1S; ducks. 1Sa20: turkeys
22a2S. Dressed-Fowls, 30; turkeys
2Sa32; ducks. 20a25.
Live stock-Calves, choice. IL: me
dium, 10a11: lean. SAG. Lambs, Spring
16a1S. Live hogs. 13a131a.
Meats-Beef, 17a1S; veal, IS; Spring
hams, 27a29: shoulders, 19a20.
Fruit and Vegetable Review.
Todays market report on fruits and
vegetables compiled by the Mark et
News Service Bureau of Agricultural
Economics said
Cabbage moderate: de
mand moderate, market steady; Nir-
ginia, Norfolk section, barrel crates
pointed tSDe, mostly 30.
Onions-Supplies moderate; demand
moderate, market steady: Texas
standard crates yellow Bermudas
commercial pack, mixed No. l and >
mostly 400.
Potatoes-Old stock Supplies mod
crate: demand moderate, market
slightly weaker;
New York 15OIb. sacks round whites
L. :. No. /, 2.25a2.4O. New stock
Supplies light; demand moderate, mar
ket firm; Florida, double head barrels
Spaulding Rose L. :. No. !, 700
L. ). No. >. 400: South Carolina
cloth top stave barrels Irish Cobblers
L. :. No. |, medium size, 500.
Strawberries-Supp moderate; de
mand moderate market firm; NORTH
Carolina, 32-dt. crates. various Varie
ties. wide range in prices. fair quality
4 JUa5 o.; few best high as 100; poor
to ordinary quality and condition, 20,
a3.50: Virginia Norfolk section, toe
few sales reported to quote.
TOmatoeS-SupplieS moderate: de
mand limited. market fairly steady
Florida, Gs ripes and turning wrapped
originals. best fancy count. 4.00a4 SO
choice count, 3.00a3.50 fair quality anc
condition considerable full rips, fancy
and choice count, 2.00a3.00.
Evening star., 1925-05-18
HOG PRICES 80 CENTS
HIGHER IN WILD RISE
- n;.,,,-,l, - Ill., ct.r

Special Dispatch to The Star.
CHICAGO, May 1S.-Violent fiuctua-
tions continued in hog prices today
when prices shot up over 80 cents,
reaching S12.SO for choice butchers.
The fresh supply of swine was 30
000 compared TO 10000 d week ago and
buyers went after these in d brisk
trade. The bulk of packing hogs
brought S11.3O to S11.5O, with fairly
good lots going to S11.15 to S11.20. Pigs
were in good demand and sold at
S11.75 to Sl2.25.
Evening star., 1925-05-18
COMMODITY NEWS
WIRED STAR FROM
ENTIRE COUNTRY

CLEVELAND, May 1S.-Leading
paint manufacturers here reported
today that more paint was being used
than last year. The consumption has
been helped by good weather and i'm.
proyement i'll automobile production.
LANCASTER, Pa, May 1S-The
cigar factories of the York Adams
district turned out about 44,SS5 900
cigars last month. of which about
80 900 900 were of the 5-cent grade
early sales of 1924 packed wrappers
were made at Is to % cents a pound, I,
but later sales have been at to 16
cents.
LYNN. Mass, May lS.--Labor diff
ticulties are sholding back shoe pro
duction here. Workers at one factory
walked out when the company an
nounced an open shop.
ATLANTA, May 1S.-Georgia grow
ers expect to get better prices for their
peaches this year than last, as the
crop is 10 To II per cent smaller,
facilities for canning and preserving
are better and the season will be eX-
tended two weeks longer.
BRANSON. Mo, May 1S.-Approx-
imately 1850 carloads of tomatoes
and $50 carloads of cantaloupeS will
be produced in the Missouri Ozarks
this season.
Evening star., 1925-05-18
FREIGHT OFFSETS LOSS
IN PASSENGER TRAFFIC

SAN FRANCISCO. May IS CP.-
The ninth annual report of the West
ern Pacific Railroad Company reveals
that the company had a net corporate
income of Sl.329 .264 in 1924 and paid
four dividends of ] II per cent each,
aggresating S1.650,000. or q per cent
on the company's capital stock.
There was a decrease in revenue
passenger traffic. A substantial in
crease in freight revenue was eXpe
rienced, however, which more than
offset the passenger decrease.
Evening star., 1925-05-18
$57,OOO,0OO PROJECT
IN QUIESCENT STATE
MARYLAND Commission Loses Track
Of Proposed Power
Development.

Special Dispatch to The Star.
BALTIMORE, May 1S.-What has
become of the Conowingo giant-power
enterprise? Members of the Mary
land Public Service Commission would
like to know, as well as the general
public.
The commission has heard nothing
from the promoters of the enterprise
for weeks. A commission member or
attache may go to Harrisburg soon to
determine the status of the enterprise
before the Pennsylvania Public Serv
ice Commission.
Backers of the $4,000 900 enterprise
said last Spring that unless they were
granted permits allowing them tc
start work by April Is the work would
have to be postponed q year
1t is believed from this that ii will
not now start until 1926, although
extensive borings, apparently to de
termine the best site for the l00-foot
high dam. have been made along the
Susquehanna-
SO far as Maryland commission
members know, no hitch has occurred
whicI would cause indefinite post
ponement Of plans.
Evening star., 1925-05-18
FEDERAL LAND BANK
BONDS ON MARKET

NEW YORK. May IS P).-New
900 900 were led by $26 300 900 Federal
Land Bank y. per cent 10 to 30
yeaf bonds which ere bing mar
keted at 1929 to yIerd 4.15 per cent
until 1885 and 4.05 per cent thereafter
to maturity. Another large offering
was a new issue of $5,942 900 Province
of Cordoba. Argentina, II Y year per
cent sinking fund gold bonds at &c
and interest, yielding $50 per cent.
Evening star., 1925-05-18
HAS $4,000 DEFICIT.

NEW YORK, May 18 OP).-The
consolidated report of the Power Sc
curities- Corporation, and the Idaho
Power Company for 1924 shows a def
cit of $S0,612, after interest, taxes and
depreciation. in contrast TO surplus of
1859 the wear before.
Evening star., 1925-05-18
POTATOES CHEAPER
IN NEW YORK TODAY
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, May 1S.-Heavy re
ceipts of Southern potatoes weakened
the market today and prices declined
from so to 75 cents per barrel. Florida
No. ! Spaulding Rose wholesale at
s6.25 to $3.50 per barrel, and South
Carolina, No. l cobblers at $500 to
S5.75. Old potatoes brought 81 25 per
$50 pounds.
Evening star., 1925-05-18
FOODSTUFF EXPORTS
SLUMP DURING WEEK
.oc,aI ni.na.nh 10 Tic SIR

Special Dispatch to Tie Star.
BALTIMORE, May lS.-EXports Of
foodstuffs through the port Of Balti-
more last week showed u slight de
cline as compared with the previous
week. according TO figures of customs
officials.
Total exports were: Flour. 1856
barrels; barley, 1873 .SSS bushels; wheat,
14S,G04 bushels; rye, 1877 ,958 bushels,
and oats, 81 91S bushels.
Evening star., 1925-05-18
BUTTER HIGHER TODAY.

CHICAGO. May IS CP).-Butter-
Higher: creamery extras, 4ll2 stand
ards. 4la41l4; extra tirStS, 40a4012
frsts. 3Sl2a39 y; seconds. 32aS7l2.
Eggs-Lower; receipts, 9.529 cases;
fi.sts. 31a31i y; ordinary tirsts, so;
storage pack extras, 3212; firsts, 81.
Evening star., 1925-05-18
OIL FIRM HAS DEFICIT.

NJ,W YORK. May IS ga deficit
Of 3l23,S77 after depreciation and de
pfetion is reported by the Superior Oil
Corporation for the FIRST quarter of
this year. The preceding quarter a
deficit OF S262.i27 was reported.
Evening star., 1925-05-18
N0N-UNION PAINTERS
: ARE HIRED IN BOSTON
special Dispatch to The star

DP0|IuI DfrpaN-U 10 CIdT.
BOSTON, May 1S.-The Painters
and Decorators Employers Association
has determined to hire men regardless
of union affiliations owing to failure
of the painters union to renew the
present scale of $1.1O an hour. All
other branches of the building trades
have agreed to a three-ycar extension
of present wages.
Evening star., 1925-05-18
CLOTH PRICES STEADY.

NEW YOR. May IS (SpeciaD.-Trad-
ing in cotton goods was slow today,
with prices generally unchanged and
print cloths quoted at 93s cents for
t4N60's and 10l2 for 6SX72's. Raw
silks We're steady but quiet.
Evening star., 1925-05-18
Market Made in United States.
COAST LINE
EARNS S19.34 ON COMMON

NEW YORK, May Is CP).-The At
lantic Coast Line Railroad earned
S19.34 a share on the common stock
in 1924 after preferred dividends.
against 1854 a share in 1923. Net in
come was l3,275,S44 and surplus after
diyidends ST.I79.1lS.
Evening star., 1925-05-18
COSTLY BUILDING PLANNED.

ATLANTA, May is tSpeciaD.-The
Atlanta Chamber of Commerce will
raze its present siX-story building and
erect in it's place "a 81 900, 900 twelve
story structure.
Evening star., 1925-05-18
EARNS 19 CENTS PER SHARE.

NEW YORK, May IS LP.-The
Marlin Rockwell Corporation reports
net profit of S250.015 for the first quar-
ter of 1925. equal after preferred divi-
dends to 10 cents a share on the COM
mon stock
Evening star., 1925-05-18
FISHERS PRICE INDEX.

NEW HAVEN, Conn. May IS.
tSpeciaD. Prices. 15S. purchasing
pdyer, !G3 80: Crump's, 152, Irving
Fisher 1eports.
Evening star., 1925-05-18
LIVE POULTRY LOWER.

CHICAGO. May IS CP).-Poultry
alive. lower; fowls, 23h; roosters
1412; turkeys. 20; ducks, 24a25; geese
Is: broilers, 25a42.
Evening star., 1925-05-18

Agatha Kentich, a Philadelphia girl,
has been engaged as a nurse for Prin-
cess Marv's Youngest baby.
Evening star., 1925-09-26

AS conservative first mortgages run
ming. for three years are generally
renewed for an additional term Of three
years. the purchaser therefore has an
opportunity of completely clearing off
the second mortgage before he Is
called upon to make some payment
on the first mortgage. In actual
practice. at the expiration Of six years
the first mortgage Is often converted
into a monthly payment, or so-called
installment plan mortgage, through
a building and loan association or
some bank. Even though the second
mortgage may not be entirely paid
off. it probably is reduced to such a
point that it can be merged with the
first mortgage on a new monthly pay
ment basis, and the purchaser then
proceeds to pay off his first mortgage
on monthly payment plan exactly
as he did with the second mortgage,
and when that is ultimately paid off
he will own the property in his own
right. However. a formal release
must be recorded after the final pay
ment of each mortgage. ~
Evening star., 1925-09-26
UNION LABOR PAY
HIGHER IN CAPITAL
Above Other Cities Except
New York and st. Louis,
Figures Show.

Wages paid to union labor in Wash.
inKton are higher on the average than
In other cities, with the exception OF
New York and St. Louis, the Depart
ment of Labor announced.
Bricklayers and plasterers in Wash.
ington work on the best paid scale OF
union labor for which figures were OBJ
tanned, the 1925 scale paying $1.S2H
cents an hour for both. Structural
iron workers get $1.50 an hour. while
the plumber gets $1.31. Compositors
in newspaper offices work on $l.io
an hour scale, the same as that paid
type machine operators, although
book and Job compositors have 1873
scale of but 90.9 cents an hour. lower
than in most other compared cities.
44.Hour Week Standard.
The 44-hour week is standard in
union labor In the Capital, none of the
trades gong over that.
The building trades wages In Wash
ington especially are higher than in
other cities, the figures show. st.
Louis pays generally higher than
Washington and much higher than
most other cities, while only in New
York and Chicago are wages the equal
or higher than in Washington.
The upward trend In wages in Wash
ington is shown by the comparative
figures Of the department. which show
Increases averaging much more than
100 per cent over 1913. Carpenters
now receive S1.12h an hour In the
Capital, against a 1913 wage OF 90
cents, and a 1920 scale Of S5 cents
while painters who got so cents an
hour in 1918 now work on $l.ls-an-
hour scale. Plumbers wages nave
risen from so cents an hour In 1913.
Cement fnishers who got 80 cents in
1920 now get $1.12h an hour. Inc
bricklayers were getting 62h cents
in 1918.
Steel Workers Pay.
The men who take their lives In
their hands high up on the tall build
ines of the Capital, otherwise known
as structural steel workers, nave q
scale of S1.50 an hour, against 9S
cents in 1920 and 56.3 in 1913. Inc
tanner trade Of sheet metal worker
finds its tradesmen getting $1.2o an
hour, compared with 92.5 in 1870 ana
SO cents in 1913.
The union scale, the department
said. represents the minimum rate and
the maximum hours agreed upon be-
tween the unions and the employers.
Quite often, however, higher rate
was paid to some Of the union mem
bers, or variable higher rates were
paid to many or possibly all the
members.
Evening star., 1925-09-26
BUYING HOME ON
CREDIT FOUND
SOUND BUSINESS
Continued from Seventeenth PAGE

that finds investment in mortgage
While the purchase of a home in.
creases thrift. 1t also tends to patriot
Ism and good citizenship. A home
owner 1s not apt to be affected by radi-
cal influence. He has an interest In
his city and in his country. He takes
personal pride in the DEVELOPMENT of
his community. He pays his bills and
establishes good credit foundation.
lnese advantages, coupled with the
pefsonai advantages and comforts of
nome ownership. also tend to insure
domestic happiness"
ihe practical phases of home financ-
ing were outlined in detail by Mr..
moran, who showed that the assets of
DlS insurance companies and other
hnanclal institutions. as well as large
means OF individual investors. are con.
stantiy seeking the mortgage field, be-
cause OF its unusual attractions as q
source OF investment for trust funds.
Mr.. Moran said: This flow of al.
most unlimited capital has been the
means of financing hundreds of thou
SANDS or small home owners through.
OUT the country and has been a great
poon TO the average wage Garner has
Drought about great DEVELOPMENT in
the building and allied industries and
mas resulted in the upbuilding of our
cities.
Bearing on Economics.
Perhaps no industry in the coun
Try mas had greater bearing on the
economic fabric of our Nation than
the development of home ownership.
II mas created splendid market for
the investment of capital, it has i'm
proved the lives and living conditions
OF people buying homes and has
greatly stimulated business in many
indirect ways.
With the funds available for con-
struction loans builders have the op-
portunity of improving vacant ground
and building groups of houses on a
wholesale scale that makes 1t posi-
Bile for the average person to finance
the purchase OF a home in compara-
lively simple manner. The builder
secures a nrst mortgage which gen.
orally represents about SO to 60 per
cent Of the value of the completed
building and in selling the new home
the purchaser assumes this mortgage,
pays the builder some amount of cash
and the difference representing the
deferred payments is secured by
second mortgage, which is given the
builder by the purchaser. After MAX
ing the initial cash payment the pur-
chaser then begins a series of month
ly payments, which usually include
both principal and interest on the
second trust and sometimes an addi.
tional sum to cover the interest on
the first mortgage, which generally
is payable semi-annually
In arranging the terms of pay
ment on the second mortgage the
builder endeavors to have the amount
of the monthly payment such as
would completely pay off the second
mortgage in approximately six years
Evening star., 1925-09-26
U. S. TO TEST OIL HEATER
New Plant at 10th Street and Vir-
einia Avenue to Get Trial.

The new Government oil burning
central heating plant at Nineteenth
and Virginia avenue was placed IN
commission yesterday, when the WORK
of warming up the gigantic boilers
was startd preparatory to a capacity
test Monday in the buildings 1t will
heat this Winter. The plant already
has had its pressure test.
This plant will replace eight coal
burning units which will be placed out
of commission and will cut out the con-
tract with the Potomac Electric Power
plant, which has been heating the big
Navy and Munitions Buildings on b
street.
Nine buildings with 100000 feet of
floor space will be heated by the new
plant. the most modern in the Govern
mant service in Washington.
Evening star., 1925-09-26
Second Floor

Three very large sleeping rooms. I'm
usually big wardrobe closets. Bath Room
tiled 6-feet high, with Pembroke built
in tub and shower. Sleeping Porch across
entire rear of house-10 feet deep.
Open for inspection from an
14th st. Bus to Allison Street-or e
to BuchAnan->or better yet, let us
Evening star., 1925-09-26

Devonshre Downs embraces that particularly picturesque
stretch of country running along Wisconsin Avenue parkway
from Upton Van Ness Streets and toward Connecticut
Avenue for two squares
Two hundred Semi-detached
Homes are to be Miller-built
OF varying English ypes-each specially designed for their
particular place the development what will be beyond
question the artistic residential community Washington
Five groups of units are ready
for inspection and selection
six and Lighting HI
Engis and al
hall Laundry hot-waer heatng
II
ing garrangem n light MI
uefioni Of ri
Evening star., 1925-09-26
RED CROSS BOOTH.
Will Demonstrate Work at Radio
Show Here.

A first aid booth under the auspices
Of the District Chapter of the Ameri-
can Red Cross will be installed in the
Washington radio show, in the new
Auditorium, it was announced by Dis
trict chapter officials.
A corps of Red Cross workers,
headed by Mrs. w. s. Spencer. chair
man of hospital work of the District
chapter, will be in charge and the
various first aid work of the Red
Cross will be demonstrated.
This is the second year that the
District chapter has established a first
aid booth at the radio show.
Evening star., 1925-09-26
milwaukee ROADHOUSES'
DEATH KNELL SOUNDED
Injunction Granted Closing Inn
Under Nuisance Section
Of Volstead Act.

BY the Associated Press.
: MILWAUKEE,. Wis, September 26.
The death knell for roadhouses in
Milwaukee and the surrounding coun-
try in which drinking of liquor by
patrons Is permitted was sounded
when Federal Judge F. A. Geiger
granted the Governments request for
q temporary Injunction closing the
Midway Inn under the nuisance Sec
ton Of the Volstead act.
The decision rendered yesterday set
a precedent in the Interpretation Of
the prohibition law. The case rested
Evening star., 1925-09-26

"ide and inviting entrance hall.
Handsome large Living room.
Dining room Of unusual proportions.
Wide Breakfast Porch, reached through
glass panelled French doors.
Kitchen Of excellent size, fitted with best
of Detroit Jewel Gas ranges and one.piece
porcelain sink. Built.in kitchen cabinet.
Very large outside Pantry-both light
and airy, with abundance of shelving.
Beautiful hardwood hoors-the best
that money can buy,
Evening star., 1925-09-26

Take Penn. Ave. to 18th st. SE.-waking
north, or Lincoln Park cars to Kentucky Ave. and
walking south. Or phone Main eo8e and we'll send
our auto for you.
Evening star., 1925-09-26

They comprise six and seven
rooms = English types = side and
center hall.
Rooms Of unusual size and pleas
ing arrangement.
The Baths are high tiled and fix
lures .built-in. Hardwood floors
are laid over double flooring.
Electric floor plugs are every
where convenient. Porches up
stairs and down. Sleeping rooms
of generous proportions with big
wardrobe closets-all lined with
mothproof cedar.
Evening star., 1925-09-26

Lighting fixtures Of special de-
sign and effectiveness.
Laundry tubs, hot-water heating
plant and instantaneous heaters
in light and dry easements. The
construction is of stucco and tile
and stone trimmed brick; some
with slate; others with red tile
roofs-and all MILLER-BUILT-
which means built of the best ma
terial and by the best craftsmen.
Terraced parking in front, and
unusually deep lots in rear to an
alley.
Evening star., 1925-09-26

upon whether the word kept" could
be applied to liquor brought to road.
houses for consumption by patrons
Judge Geiger ruled that roadhouse
Evening star., 1925-09-26

proprietors who allowed the consump-
ton OF liquor in their places were.
within the meaning Of the Volstead
law, illegally keeping" 1t.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1925-04-30
Sunday, May Third.

CALIFORNIA
Richmond-PienIe, East Shore Park,
Finnish celebration. &. r. BIoor.
CONNECTICUT
Hridgeport-Workmen's Circle Hall,
$40 State ST., p. m.
ILLINOIS
Chicago-Lettish Br. SokoI Karel,
Sonas, Hall, $50 W. 25th St., 4 p. m.
Speaker, Frank zelms.
Waukegan Workers Hall, s17
HelmhoIz avenue, 2 p. m. Thurber
Lewis.
NEBRASKA
omaha-Labor Lyceum, 22nd and
Clark Sts., at 2:3o p. m. J. &. sny-
der.
OHIO
Warren p. m. Hippodrome Hall,
comrade Severino.
(. Liverpool-Trades and Labor
Hall, at p. m. J. A. Hamilton, A. S.
Cullen, Roy Mahoney.
MASSACHUSETTS
sprlngfIsd--LIberty Hall, corner
Ferry and North St. p. m. oliver
Carlson.
MICHIGAN
Grand Raplds-2:3o p. m. Sons and
Daughters Hall, 1867 Hamilton Ave-,
N. W. T. J. o'Flaherty.
Muskegon-s p. m. Speaker, T. J.
o'Flaherty.
MINNESOTA
st. PauI-oerman-Ameriean House,
444 Rice St., 8 p. M, Robert Minor
and j. =. Emme.
MlnneapoIis--Robert Minor.
NEW JERSEY
Trenton-Paderaez Hall, Cor. Whit
aker and Beatty sts., 8 p. m. sadi
Amter and Pat Toohey.
OHIO
Akron--zlsler's Hall, Cor. voris and
Miami. 2 p. m. J. Louis Engdahl.
canton-7:3o p. m. Typographical