Evening star., 1925-09-19
FEDERAL COSTS
Off IN AUGUST
Show Decrease of S45, ,0O0,-
600 in Ordinary Items
Over Previous Month.
BY CHAS. p. SHAEFFEG.

: Ordinary costs of operating the
United States Government during ku-
gust, 1925, amounted to SlS8, .S08. a
saving of approximately $45, 900 COO
over the previous month, when Se-
quirements amounted to S235, ,589, ,ls3.
August's needs ran considerably untpr
the average monthly expenditure for
the fiscal year ended June 80, 1925.
when $3,063, ,105, 1872. or more than
$3.50, 900 a month, was disbursed
forordinary causes.
The civil service retirement fund
was responsible for the greatest de-
crease as between the two months.
this expenditure being reduced more
than 14.000,0 900. Following in order
was the Interior Department with ex-
penditures of S21.S91,551 a pairing Of
more than $4,000, 900; interest on the
public debt of only S6.244.946, a saw.
ing of more than S11 100000 over the
previous month, and a saving of me re
than SS,000,0 900 in refunds on internal
revenue receipts.
Public debt requirements charge
able against ordinary receipts during
the month amounted to S26 .001 JOG IN
addition TO the above. OF this amount
S26,000,000 went to the sinking fund.
the remainder representing forfeitures,
gifts, etc.
PhonOgraph Firm Expands.
Louis Sterling, chairman of the
board of directors of the Columbia
Phonograph Co. Inc, announced yes
terday that he has acquired in behalf
of the Columbia interests an impor-
tant interest in the Carl LindstrUm Co.
Of Berlin and the Transoceanic Trad
ing Co. Of Amsterdam, the largest
phonograph and record manufacturers
| serving Europe and South America.
Increase in Failures.
Business failures i'll the United
States this week are calculated by
Z. G.. Dun & Co. at 35S, an increase
of q over the previous siX-day week.
A year ago defaults numbered 291.
Wool Committee Starts Tour.
The United States wool standard
ization committee left yesterday for
Bradford, England, to confer with
representatives of the British wool
trade on the proposal TO use American
wool standards in international trade.
1t will go later to Rome TO discuss
with the International Institute Of
Agriculture a plan to establish d
world wool market reporting service.
The committee comprises George I.
Wfllingmyre, wool standardization eX-
pert of the Department of Agricul-
ture; Warren E. Emley of the Bureau
of Standards, and Marland c. Hobbs,
representing American wool manu-
facturerS.
Duns Weekly Review.
Dun's reviews the business situa-
ton as follows:
THE reports of the week add to the
accumulated evidence Of commercial
progress. Dispatches from widely
separated sections of the country ana
from diversified trades are, in tif
main, distinctly favora bic, either dis
closing further increase Of activity
or giving promise Of future gains. OF
actual expansion Of business, that
which appears in the steel industry IS
especially significant, because it re-
fleets prosperous conditions in differ
ent lines"
The railroads, which are handling
the heaviest freight traffic in their
history, have begun TO make replace
ments of rolling stock and other
equipment; there is steady demand
from automobile manufacturers whose
operations keep UP at a notably high
rate; implement makers. with their
position improved by the enhanced
buying power of farmers, have taken
large tonnages of bars. and building
contractors have made extensive
purchases of material as a conse-
quence of the unprecedented volume
of new construction.
with the inflow of orders from
| these and other sources steel output
has risen above rs per cent on the
average and producers are firmer in
| their views as TO prices.
Weekly bank clearings, $9,250.-
367 900"