davidaulloa/AmericanStories huggingface dataset:
Evening star., 1925-11-21
EVERYMAN'S
INVESTMENTS
Serial Maturities on Foreign Bonds
NJ GEORGE r. HUGHES.

For a long time il has heen Gus
tomary 10 offer real estate mortgage
secured bonds with serial maturities
That Is to say. the principa! amount
OF the loan will come due In approx
mately equal portions annually over
period or years. Recently this de
,, vice has been adopted by the bank
ers who have been offering 10 Ameri-
can investors German provincial! and
municipal issues
The ARA ngement is advanlas sous
| 10 both parties. II ena bles the for
| elSn borrower 10 reduce The nmo,,ut
% Indebtedness At stated Intervals
and In the same way The security
back of the later maturities is in
creased as the earlier ones are pa I'd
or. With these serial bonds thu rule
Is that the longer the bond hEs to
run The larger the We'd.
TO illustrate, we NAV taka the
SS.400,000 State of Wurtremberi con-
solidated municipal loan Of 1925 mar
keted few weeks ago. ThG total
amount of the loan IS divided into 20
annual maturities beginning Noveu =
Der J. 1926. and ending November
| 1915. bonds to the amount OF par
! value OF $420,0o0 coming due each
November ! over that period The
price at which the earliest maturing
lot was hon was on basis to Yield
500 per cent. and The latest. that Of
November |. 1915. WAS markei ed to
return the investor $50 per cent
IN deciding what maturity 10 h,Iy
| IN case like this the investor VIII,
hrst OF all take into account his own
! requirement. the time he is likely
10 need his money back Bur he
also should bear in mind the reason
why me nearer maturities bring q
| higher price and 80 give lower WELD
| thdh me later ones. At present there
Is no reason TO suppose that these
hcndS ave not sound investments. but
no one car predict me future. as
events in Europe during the past dec
: ade nave demonstra Iod and the
| longer bond has to run the larger
! me possibilities of change So the
| buyer Of the short term security
| 'nlnhs ne Is taking the lesser risk
| mere is another possibility, how
| ever. and that is that a change in
me political and financial outlook in
| Germany may we'll he for the better.
| ana Very much better. at that. In
| ans case the buyer Of the longer ma
| fhrifN has all the advantage for not
! nnlN does he get higher return now.
! hHt ne Is pretty sure 10 see apprecia :
| tloh In the market price Of his hold
| lnGS. The problem has two sides
! iCoDyriEht. 1925
Evening star., 1925-11-21
NEW YORK CURB MARKET
Received BY Private Wire Direct to The Star Oniee

Deforest and Grimes Radio We're
selling at their lowest prices Of the
year, while further declines were reg
istercd by Music Master. Therniodyne
and Charles Freshman. the latter
dropping below 20 again.
A feature among highly speculative
issues was a break of almost points
in Land Company of Florida, but this
was not surprising in view of the
speculation carried on in this stock
recently.
The market for the new Fox Thea
ters class A appeared to be fairly well
esta hlished above the - level, at least
for the time being.
Evening star., 1925-11-21

fresh decline in the value NJ the
franc.
Italian Loan Goes Well
The 800 100000 Italian dollar loan
has gone very well. In the first
place the offer on almost ~ per
cent basis was sufficiently attrac.
tive to counterbalance any uncer-
tsinties felt over the Italian polit-
ical situation. In the second place.
It came directly after the funding
of the American war debt. which
meant that American capital could
now pour freely into Italian enter
prises the way 1t has been going for
the last few months into German
state. municipal and industrial loans.
One of the main considerations in
the Wall street trading has been the
failure of the market to respond To
good news in the shape Of capital
split-rlps stock dividends and dividend
increases The whole upward move
n1ent of the Autumn was ba ased upon
anticipa ton of this sort. When they
were finally realized it was found
that they had been thoroughly dis
counted and that the stocks concerned
came down instead Of going up.
This. more than anything else. was
responsible for the quieting down OF
speculative excitement during the last
week. It was recognized that there
was limit to the advance in prices
no matter how large was the reward
to shareholders involved in these cap.
ital readiustments and increa sed divi-
dends.
Rusiness Data Mixed.
The data regarding the business
situation continues good deal mixed
The steel mills are operating at s5 per
cent, as a against 6S per cent year q go.
Steel prices have had some advance
from their low. but still. according to
the estimate of the Iron Age, they are
Is per cent below what they were
last wear at this time. The margin of
profit in the textile trades is better
than 1t was last November, but IT Is
still far from satisfactory. Cotton
growers are receiving on the average
SIS hale less than they were at this
time in 1924. The fluctuations in the
grain markets are of slight Importance
, from the standpoint of the farmer. be
cause the great bulk of the crops has
been sold and the remaining supply
is in the hands of dealers and specu.
lators.
The sugar situation is getting more
interesting all the time. Wall street
at one sage appeared to have taken
the marker away from the refining
| int erests hasing It's calculations upon
the general economic theory that no
product could for long sell below cost
tcocyriEht 192b.)
Evening star., 1925-11-21
Cotton Left Unpicked.

Cotton production prospects declined
SIS. 900 bales in the first half Of Novem-
ber the losses being caused. the crop
board said. by frequent or heavy rains
which also resulted in some furt her
lowering in the grade Of unpicked
cotton.
From third to fourth Of the crop
still is in the fields in Arka Okla .
homa. northwest Texas and New.
Mexico and about half of the crop in
Missouri II was added. In these
States the final WELD Is dependent on
weather conditions.
I'm some sections" the hoard said
the grade of lint and seed still in the
fields has already heen reduced 10 such
an extent that al the present low price
there is tendency to leave some
cotton unpicked.'
Evening star., 1925-11-21
LIVERPOOL COTTON.

LIVERPOOL. November21 [P.-Cot.
ton. spot In limited demand. prices
steady. American, strictly good mid,
ding. 11.44: good mdding. 1I19.
strictly middlinS. 1888: middlinc
1884: strictly low middling. 1919:
low middling. $50; strictly good
ordinary. $40: good ordinary. $50.
Sales. 1000 bales. including 900
American. No receipts. Futures
closed steady: November. 1925: De.
cember. 1925: January. 1925: March.
1924: May. 1924: July, 1914; October.
AL.
Evening star., 1925-11-21
SMALLER CROP SEEN.
Government Estimate Puts Cotton
Yield at I5.29s. 900 Bales

Ry the Associated Prrss.
Cotton production this year viii
probably total 15.o9s.00 equivalent
SOC. pound bales. the Department of
Agriculture today announced. \ fort
night so 1880. OO0 bales were fore
cast Production last year was 1882
1886 bales.
Cotton on this Years crop Sinned
prior TO November IA totaled u ,2A9.935
running bales. counting round as half
bales and excluding linterS, compared
with II 1852 gas bales TO that date last
year and S.369 .49S for 1928, the Census
Bureau today announced.
The forecast Of production was
based on reports Of condition. ahan-
donmenf. probable Yields. CinnlngS.
etc. to November 4 and upon the as
sumption Of average crop influence
during the remainder of the harvest
season.
Indications point to yield ot lS'.'
pounds of lint cotton per harvested
acre compared with 1854 pounds in
dicated from November | conditions
and 1874. the final WELD per acre
harvest ed last wear
Evening star., 1925-11-21
MINING STOCKS.
NICKEL PLATE SURPLUS.

NEW YORK. November - 10
October surplus of the New York. Chi.
cago and St. Louis c'Nickel Plate
was s13,61S more than in October last
year. Gross revenues gained S17S.196.
Surplus for the 10 months of 1926
amounted to S5.S07 ,474. an increase of
1904
Evening star., 1925-11-21
Potatoes Remain High.

There are embargoes on potato ship
ments in some sections. although the
crop is short. This indicates desire
on the part of some holders 10 rush
their tubers TO market without delay
and on the part of some commission
men TO hold for higher prices. The
supply OF turkeys for the hanksgiF-
ing trade promises to he ample, with
The general level Ia consumers around
so cents pound. although local con
ditions will govern prices in many in
stances.
Live stock conditions are good nd
improving daily. Cotton undoubtedly
has heen hurt by Weather conditions.
The corn crop is big. and the price
low. but the feeding value of this
years WELD promises 10 bring the re-
turns to growers to A most satisfac-
tory point.
Evening star., 1925-11-21
Washington Stock Exchange
SALES.

SALES.
Potomac Elec. rs 1941-SI 900 at l06 u
Washington Gas 6s '33-S30O at 1Ol q
500 al l0Is4
Southern BIdg sb-sloo 600 at 1ol "a
s. 900 at 1919
Potomac Elec Power pfd. ". 10 at
1nt Is. 80 at 10+l..- 10 at 104h 90 at
1oi 5. 30 Al IOi Is. ; at lO4.
Federal American National Bank-10 at
$50. ~ At 351 Ia at 362.
Amer. security & Trust Cos At 3sS.
AFTER CALL.
Capital Traction 5s-Sc 600 az aQ.
Washington Gas 5s-S500 al asi.
Washington Gas Light-1o at 6Ql.. 20
al a. =. 6pi. 10 az Sas. 10 ~ 80 J, &.
90 AZ 69i,
Potomac EIec Power pfd. VI. i.-I5 at
lo<. 100 al l04.
Evening star., 1925-11-21
Larger Gain in New Orlea ms.

NEW ORLEANS. November 21.-
The Government cotton crop estimate
of 15.29S,000 bales proving sma Her
than expected and a total ginnings TO
November IA of II ,@i9. S25 bales. very
much less than look ed for, caused
prices to advance 81 To loo points.
This represents recovery of the
prices ruling just before the report
was issued of approximately s. a bale.
New Orleans cotton futures closed steady
Evening star., 1925-11-21

About 20. 900 bales additional to cal
ifornia are beinc grown in Lower
California. Old Mexico.
The next production report. to he
issued December s, will announce the
revised harvested acreage and per
centase of acreage abandoned. weld
per acre and total production. by
States. and will he the last report un-
I'll the revision in June next. after the
final ginning report.
Evening star., 1925-11-21
BY WILLIAM r. HEFFERNAN.

NEW YORK. November 2l.-In
another week end selling movement
which carried prices down suhstan-
TALLY from the previous closing level.
stocks of radio compa MES played a
prominent part. 1t appeared from the
action OF these stocks today that The
speculative element was taking little
or no cogniZance of the glowing ac-
counts in radio trade journals tending
TO show that the industry had gone
long way toward recovery from the
period of depression which resulted
in drastic declines in shares of these
compa nies.
Evening star., 1925-11-21
NASH BREAKS RECORD.

NEW YORK. November 81 R).-
Shipments of Nash Motors Co In the
10 months Of 1928 amounted to IS.
959 cars. which exceeds shipments for
the full year 1923. the previous record
year, by IS per cent.
Evening star., 1925-11-21
S5PER BALE JUMP
|. IN COTTON MARKET
Smaller Government Report
Than Expected Cause OF
Violent Advances.
BY the ssociated Press

NEW YORK, November 2l.-co'-
ton prices advance $3.50 10 s. a bale
today on violent covering move
ment. which followed publicatio OF
the Government crop estimate show
ing a decrease oi SIS 600 bales. com
December sold up To 81 cents pound
and January to 20.l5 cents.
New York cotton futures closed strong
at nat aht nf IN
Evening star., 1925-11-21

Opening December. 10 rs: January. l9.l":
March. 1867 May. 1s.41 July. 1914.
Spot cotton closed STEADY 56 points up.
Sales ana bales: low middlng. l1.s1 {:
middling 20.31: good miodling. y -.
Evening star., 1925-11-21
OuerY the prnnniar

Determine how much Of his own
money the promoter Is putting into
his scheme before you decide to risk
yours. Don't take his word for it
make him prove It,
Evening star., 1925-11-21
RY STUART r. WEST.
Special Dispatch to The Star.

Special Dispatch to The star.
NEW YORK, November ?1.-Dur-
Ing the past week the great bull
market" Of September and October
has come to an end. At the low
prices the favorite motor shares were
down anywhere from a half to two
thirds Of what 1t had taken them two
months and more TO gain. Other in
dustrials were off correspondingly
In a word. the market showed the
artificial character of the recent op-
erations for the rise by the speed with
which they were undone.
The decline was not due to outside
causes To he sure. there was much
discussion over the raising of bank
rates at Cleveland and Phila delphia
following the Boston increase of the
week before. But the important
thing after all was what New York
would do. When the New York re-
serve authorities decided to keep the
rediscount unchanged, the proper
conclusion appeared TO he that there
was no ground for uneasiness over
the money situation and no indica-
tion Of a desire like there was in No
vember. 1919, and in the Spring of
1929. to suppress speculation.
The Bank of England also left It's
rate the same. despite the continued
loss of gold. 1t is generally believed
that the English bank and the New
York Federal Reserve Bank are work
ing along the same line. namely. to
prevent gold shipments. which might
be called for under current conditions
in the international trade, from start.
ing up again.
French Circulation Increases.
The Bank Of France reported
another increase in note Circula tion.
bringing that item up close TO the
maximum. The proposals in the new
fiscal program are drastic enough 10
convince anybody who has not here.
tofore been convinced that French
fna anciaI affairs have rea ched seri-
GUS crisis. 1t would he interesting 10
know whether Treasury support has
been a factor in sustaining the franc
under these adverse conditions, or
whether the liquidating movement
has been halted by the expectation
that the new financial mea sures. pro-
viding a much greater revenue, VIII
go through.
Either there must he big all.
around tax increase sufficient really
to balance the French budget. or
there must he further imitation of
the paper currency. In the latter
case NO amount If artificial support
would avail eventually to prevent 4
Evening star., 1925-11-21
CHRISTMAS BUYING
GIVEN GOOD START
Merchants Report Heavy
SaIes-AIready Adding
Extra Clerks.
RY j. G. ROYI.E.

Special Dispatch to The star.
NEW YORK. November 21.-Rusi-
ness continued active this week. The
adage about shopping early has taken
hold OF the public at the feminine por-
ton Of H. The holiday janGle Of cash
registers already has beelin. although
the Christmas buying sr,snn is not
supposed 10 start officially until the
day after Tha uhsgiving. Merchants
in all parts Of the country are report
ing heavy sales and extra help al
ready has been installed IN many
stores.
Three factors are held responsible
- :1.s situation--the general pros
perity, newspaper advertising ana
traffic congestion in the cities. Adver-
rising in 30 of the larger cities of the
country has gained 2 per cent, on
nearly - 600 0e0 agate lines, in the
last month. compar red with the CORE
spending period OF last year. Shop
pers are making sincere effort I"
avoid the rush" realizing fully jus'
what the holiday lam in crowded
streets and stores will mean this year.
Industries Booming
The industries which are pilnG MP
buying power for American citizens
have shown no signs of slaCkening
pace. The steel industry all over the
country, from Pittsburgh to I:ah. IS
maintaining a steady, although lais-
urely. inCrea Sc in operating schedules.
The sheet Situati tion is strong and price
sdva noes are expected. since mills are
ractically filled up with specifications
| which will take care of output for the
remainder OF The year.
The sheet situation reflects in some
measure the automobile factory ac-
tivity. Instead of falling off. the pace
is being speeded UP. in Detroit the
Number of workers rose by 3.53S 10
2SS 72e. a new high record, nd gain
| of 1452 since January !. 4 number
| nf plants are building additions and
axpa ndinE capacity.
Building Trade Active.
Building activities. building mate,
| rial dema nd and prices and building
| trade wage levels are holding up in q
| remarkable manner. The lumber
| orders in the last week have been
| we'll ahead of both production and
| shipments in most producing sections.
| BiIuminous coal production has been
enormous. much heavier than the
| dded dema nd for use as substitute
| for anthracite. Indications for set
| tIement Of the anthracite strike are
| Frightening Outside of a slight bet.
| termenr in technical position, petro-
leum and petroleum products showed
| little change except in the case OF
| Kerosene. which is strong.
| Cotton goods have reflected heavy
takings nf raw cotton by English mills.
American textile mills activity is
| slowly improving. Raw wool ia ex.
ceedingly strong. stronger in fact thar
| WOODEN goods. Worsteds. however.
are in fine demand and knit goods are
strong Silk mill activities continue
unabated There are Indications of
determination of many Northern
maprrfa cturers TO move their pla nj :
South unles. Ia hor troubles are obvi-
ated.
Evening star., 1925-11-21
Money to Loan

Secured by first deed of trust on real estate
Prev vailing interest and commis ssion
Joseph l. Weller hSS. s.s W;:h; oh L I Tr.a v
Evening star., 1925-11-21
Production by States

The indicated WELD per acre md the
indicated total production, by states.
follow
Evening star., 1925-11-21

NEW YORK. November 2l.--tol-
lowing is an official list Of bonds and
stocks traded in on the New York
Curb Market today:
Evening star., 1925-11-21
RECENT WILD "BULL MARKET
SUDDENLY HALTS DURING WEEK
Motor Shares Lose From Half to Two-Thirds Of
Gains Made in Two Months-Business Sit.
uation Good Deal Mixed.

fresh decline in the value NJ the
Evening star., 1925-11-21

New York cotton futures closed STR
at net adv ance Of 30 To "a points.
Evening star., 1925-03-08
New Trimmings
For Spring Costumes

Exquisite Persian Bandings. from Il
to 9 inches wide. " CSC to S7.75 yaro
Tapestry Bandings. in the
bright Persian colors.. 48c to S1.39 yard
Marrow Silk Guimpes. in the new
Persian colorings .....1 .19c to CSC yard
Kann's-Street Floor.
Evening star., 1925-03-08
Heavy Moire Ribbon
39c Yard

--6H-inch Heavy Quality Moire Ribbon,
that IS so very smart for trimming
millinery. 1t is shown in black, white,
copen, cardinal, navy and brown. This
is also used for making lovely sashes.
Kann's-Street Floor.
Evening star., 1925-03-08
RufHing, Tabs, Pleatings,
Etc.

-Organdie and Wolfe Rufiing in white
and colors. Some plain, others trim
med with lace. ....... z5c to SI.75 yard
Circular Laces-Point Venise and
combination laces..... soc to $3.50 yard
-Organdie Tabs. s...... I7c to 40c yard
Lace Tabs. ...... ISc to 75c yard
-Pleatings of georgette, chiffon, crepe
de chine and pongee, in white, tan, navy
blue, Copenhagen, ochre. gray and ON
bre colorings ......... soc to $3.50 yard
-Shirred Net and Chiffon for puff or
half sleeves, in white and ecru,
Sis to S1.95 yard
OF White Georgette,
$3.50 and $3.50 yard
Tucked Net for small vests, etc,
SI.50 to S1.o5 yard
-All-over Vestings of laces and
styles. .............. SOS to SI1.5O yard
-Bandings to match vestings.
S1.0O to $3.50 yard
Kann's-Street Floor.
Evening star., 1925-03-08
Printed Ceorgette Crepes
Very Special at
$l.70 Yard

The much-wanted large cluster
rose pattern, for scarfs and dresses.
The grounds are rnais, orchid,
white, peach, beige, powder blue
and navy.
Evening star., 1925-03-08

This is the ideal fabric for sport
frocks. pajamas. mems shirts, tailored
blouses, etc. Shown in a variety of
20 light and dark colors, including
black and white. And an added at
traction is-it is washable.
Evening star., 1925-03-08

special purchase OF Imported White
Dotted Swiss. very fine and sheer quail
ity, shown in two size dots. 1So
Regularly Csc Special. yard toC
White Longcloth, So inches wide.
Nice quality. with soft finish,
for lingerie. Regularly l9c. TX
Special, yard Observation-Disclosures. ICC
WHITE Dimities. fine and sheer quail
ity, in stripe and check STYLES. For
blouses and children's dresses. Ok
Special, yard d...... OCC
Kanns-Street Floor.
Evening star., 1925-03-08

A 36-inch rayon fabric, that has a
mohair effect in an alpaca weave, it is
also in a splendid assortment of new
stripes in high colors.
The Washington times., 1925-12-21

Let's introduce the lady who
set the masculine fashion for
women In America twenty years
ago. Dr.. Mary Walker, adyO-
cate Of wOmen's rights, ap-
peared III public like this for
years. being the only woman
In the country az that time 70
wear trousers through N aet
sof Congress.
The Washington times., 1925-12-21
TAKE
RUM CAR
(Continued from First Page. ]


car, Armstrong was held for De.
tectives Keck and Thompson, who
brought him to headquarters, where
he confessed his part in the rob-
berry, the police say. An hour
later they arrested McNally, Histon
and Bailey and recovered the alleged
whiskey from Bailey's home.
Both McClure's machine and the
one reported stolen by Armstrong
were later recovered by the police
after Armstrong had told them
where the automobiles had been
placed. Charges Of robbery were
placed against all four men, while
Mcclure is being held as witness.
Complaint that he had been held
up and robbed of 1855, a gold watch
and fountain pen near Dodge
Park, Nd, last night by two men
and a woman, was made to the
police today by Albert B. Quacken-
bush, a salesman, of Brooklyn.
He told the police he was driving
to Washington when he lost his
way. He stopped a passing auto
mobile, driven by colored man,
which also contained a white man
and woman. They offered to lead
the way and drove off the main
road, stopping the machine. The
white man, he says, held him up
at the point of a revolver, and, af-
ter robbing him. struck him in the
Jaw, dazing him. When he had re-
covered the automobile containing
the trio had disappeared.
The Washington times., 1925-12-21
FREE MOVIES AND EATS FOR
CHILDREN ON XMAS

4to see what Santa Claus hllod 4
with.
BUT what Is needed III this case
II rubber stocking the kind
that surgeons use III treating dis.
eases Of the les. The one who
needs It has been visited BY 3
GOOD FELLOW investigator, who
get out OF bed for months to care
for her three small children unless
this rubber stocking can be found
Tor her.
A notable surgeon OF washington
/ has already operated on this WOrn-
an without compensation, and an
equally ob1iging doctor Is making
the necessary daily calls but un.
less the rubber stocking is forth
coming all Of their good work win
be wasted, as this elastic fitting
must be had in order to support
the afflicted limb. The name Of
GOOD FELLOW who thinks he or
she would like to make this wona-
an Christmas gift Of rubber
stocking.
Another unusual case 81 GOOD
FELLOWSHIP came to this news
papers attention today when IL
Ieafned that fifteen tickets to the
performance Of PadereWsll 1T
Polls tonight Tor the American
Legion endowment fund had been
given to fifteen veterans Of the
world war Of Polish descent con
fined IN Washington service hos
pitfalls. It is hoped that just the.
experience Of hearing their patron
pianist and wartime leader of Po-
land perform on the keyboard would
perhaps lend them courage to over
come their Affections.
There are hundreds and hun
dreds OF ways that you. too, Mr..
Reader. can be q Good Fellow, and
If you cant think Of one now
call the GOO DFELLOW editor,
and your eyes will be opened to-
one Of the finest Christmas chart
ties you have ever had the privi-
lege Of joining.
If you are unable to cali at The
Times office during the day, your
may ask at the business office
counter on the first door any night
between now and Christmas, for
the letters from the poor. You
may go through these letters and
select the writer whose letter you
wish to answer by a personal call
to distribute Christmas cheer.