davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-09-03
BANDIT Fighting
slS TO Be TOPIC
At CONVENTION
American Bankers AssoCia-
ton to Meet in Los
Angeles, Oct. At.
BIZ Times Special

BIZ Times Special
NEW YORK, Sept. S.-Legislation
affecting banking, methods for pro
tecting banks against bandits and
many other subjects of general pub
lie importance will fill the sessions
of the American Bankers Associ-
alton convention to be held in Los
Angeles, Cal, Oct. to z, it was
announced by Oscar Wells, presi-
dent Of the organization, here today.
No greater array of subjects of
paramount interest and Importance
to the individual banker has ever
been presented at any convention
of the American Bankers Associ-
alton than will crowd the sessions
this October at Los Angeles" Wells
said. Effective methods have been
developed for quelling bank banditry
through cooperative efforts by banks
along lines suited to their circum-
stances and these will be fully dis
cussed.
Need for Discussion
THE rapid extension of special
banking functions, such as those
having to do with savings, fiduciary
services and investments by classes
f banks formerly not engaged in
bfhese activities has created a need
for more complete interchange of ex-.
perience related to these subjects,
and this will be fully provided
through the various technical discus
sions at the convention.
THE present is fraught with
much interest among bankers in the
subject of legislation and particular
ly Federal legislation dealing with
the extension of the charters Of the
twelve Federal reserve banks, the
control of branch banking, the
equalzing Of rights between
national banks and State-chartered
institutions, and the widening Of the
provisions for lending money on real
estate under the laws governing the
conduct Of national banks. Bankers
attending the annual conventions
of the association are afforded
splendid opportunities for knowing
how other bankers regard these
things.
Important Question
"A question of prime Importance
to every banker is the growing
movement for more equitable State
taxation for banks and the dis
cussions at the Convention will
suggest means for this end in In
diana.
I'm the broader view of general
business, there is the problem of IN
stallment selling, the underlying
conditions of business which have
been subject to so much uncertainty
and questioning during the yeat
and other equally important sub
jects which will add to the profits
of attending this meeting" Wells
concluded.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-09-03
Extra Size Hosiery

Service weight silk with Isle
garter tops and Isle feet; gray,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-09-03

Mosquitoes are more apt to bite
people with fair skins than those
with dark complexiors.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-09-03

Every coat was carefully
selected with the idea of
giving the best value pos
sible. Fine materials, most
desirable colors and COM
binations. The materials
include Polaires, SUICIDES
and other choice fabrics.
Many of them have lovely
fur collars. Sizes z to IA.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-09-03
Mems All-Wool
Shaker Sweaters

Belted models with four pockets.
Heavy quality with
large beaverized N - 1E
collars. Built for Nh ~
service and warmth. UVs ~
Evening star., 1926-06-06
SMALL DECLINES
on COTTON CHANGE
Market Closes Steady at
Drop Of 6 to 10 Points on
Good Weather News.
Hv the Associated Press.

By the Associated Press.
NEW YORK, June 6.-More favor
able weather news from the SCUM
was reflected by moderate declines IN
the cotton market today. OCTOBER
contracts sold off to 17.48, or points
net lower, and closed at that nSurc,
with the general market closlng
steady at net declines OF 10 ~
points. a.
cline OF Q to points In response %
lower Liverpool cables, but onerinss
increased after the call owing 10 con
firmation of yesterdays private re-
norts Of rains in the Eastern oeH'
These rains were consloerea oen
fciaI following recent drought com.
showers in the Eastern belt, with
ciaar;ng and warmer weather In the
Southwest, made q favorable impress
SION on sentiment. July sold on 90
1S1a and December to 17.40. wnlle
March declined to 17.52. making net
declines of about to IL points.
The selling was by no means gen
araI or aggressive, however, ana tne
decline was checked by covering, WIN
the market ruling steady In the iate
trading. although the close was Witnln
q noint or two of the lowest. Inero
was considerable price fixing during
The earlier trading. with spot mouse
hroker buyers of July on the decline
hut otherwise the bulk OF the ousi'
ness was attributed chiefly 70 the
aven,rp up of old accounts, ana tns
demand for July was supplied py seif
tnr snpposed to represent hquloas'oh
of wall street long interests.
Evening star., 1926-06-06
DAIRY PRODUCTS.

BALTIMORE, June (Speciap;-
,,,'o ,,,arlret FOR native and nearby
.rgs continues steady to firm under
a eood demand prevailing ON the iocai
sxchanse for strictly fresh stock. Ke-
ceints the past week have been FAIR.
h,It not in excess Of trade wants. and
ali offerines Of desirable quality have
FOUND ready outlet for the past Few
davs among the trade on the street.
The market closed today az Sohs cents
dozen for strictly fresh nrste IN 1ree
cases. the same price quoted AT tne
opening this week. .s q.
Shippers, however, are adv1sed 20
shin smaller lots In preference 20 h0Io'
ing eggs, as buyers are ctit'cAl a. et1s
sea SON. and all held stock mas 70 oe
soId at a discount to packers.
The general live poultry market
ruies easier under more liberal re-
ceirts. hut a good demand prevails,
ssnecially for Spring chickens OF de-
sirable size, ~ and over, and all re-
csints Of this sort meet with prompt
sale. but smaller chickens are hard to
,,,ova and shipment Of such stock not
aavisable as they only tend to depre-
ciatA the value Of the bettor stock.
Tarre Spring chickens will bring 90
to 10 a pound, but small and Leg
horns sen mostly 80 to az. Old hens
will bring 20 TO 81 az to quality ana
condition, and old roosters. 20.
Receipts Of young ducks. 3 pounds
ana over, have been light and have
met with ready sale at 80 to 80. but
old ducks arc slow sale, unless fat. at
n to 2S. Guinea fowl and pigeons
are in light receipt and fair demand
at rs to 50 each for young of the
former, and 40 to so for old and stags,
while pigeons sell mostly 80 to 90 q
pair as to quality and condition.
Evening star., 1926-06-06
STEEL IRREGULAR
IN WEEKS TRADING
Bars and Pipe Are in De-
mand, While Other Descrip-
tions Are Inactive.
BY the Associated Press.


NEW YORK, June 5.-The steel
market during the past week present
ed a rather irregular appearance both
in regard to the demand and to val
Hes. Steel bars were firner and fairly
active, while pipe also sold In consld-
orable volume, but other products
were in only fair demand. On the
whole business was better than a
month ago and the monthly loss IN
orders was expected to be smaller,
with further reductions in production
Pig iron production was also curtailed
ana some fairly good sized orders
we're placed at concessions.
/ Copper remained quiet, but buyers
for domestic consumption are holding
off, probably in anticipation of lower
prices as a result of unsatisfactory
trade conditions and a broad and a
continued full production. No selling
pressure of consequence has devel
oped and some Of the producing in
t[rests are still asking 1874 for cleo
trolyttc delivered. This figure Wae
entirely nominal, however, with small
sales reported at about 1880, while
comparatively few buyers We're In evil
dence above the 1874 per cent level.
Tin has declined to new low for
the year in response to larger arrivals
and continuance Of the English coal
strike. Consumers bought literally
on the decline, some of the demand
coming from plate manufacturers
who opened their books for the third
quarter at unchanged prices.
Lead remained firm. Large pro-
ducers are we'll booked up for June in
consequence of recent we'll distributed
buying Of both June and July.
Zinc was firmer. in sympathy with
the steadier London market, with a
better inquiry, reported.
Anthony advanced. due to the
strength in China, with better con
suming demand
Evening star., 1926-06-06
BYI. A. FLEMING.
before investing.

IuVeSlISdtc pSIOtC AANOSthS'
This should be the rule. not the ex-
ception. If the presses are busy turn
ing out bonds all day they are like
wise busy nights. days and Sundays
in preparing beautifully "engraved
stock certificates, all likewise fuii
paid and worcestershire.
One Of the most expensive things
in market operations is the TIP.
There are down-and.outers around
nearly every brokers' office. victims OF
inability to guess the market risht
themselves, who try to exc OUT an
existence by peddling tips, IN the nope
that they may hit 1t right occasioIaAy
and receive some small recompensei
There is vet another class OF UP
sters. well meaning. who pass along
the say.so of this or that one who mas
nredicted a sharp rise In this or tnat
speciality, adding a little more assur-
ance to their prediction.
Stick to Bonds.
IT Is usually through one OF these
tins that the uninitiated takes tho
Arst flyer in stocks. Needless to say
that the result is usually disastrous.
perhaps less so than II 1t should prove
successful. for easily made money Ger.
tainly inspires an earnest desire TOT
more of the same kind, and starts
he recinient on the speculative road.
It is probably q good thing Tor the
6rst t.rrade investors to stick 10
bonds. Luz In this they become creoIt'
ors and IN stocks partners.
While there Is not the same cnance
of maxim. the profits that STOCKS
sometimes offer, the fixed income is
nra ractically certain, fluctuations are
lass severe and in the event OF
trouble hitting the general marke.'
the loss will be much more restricteu'
This of course presumes that the
hond investment has been made on
the advice OF some banker or otheI
high grade authority, ana oousnt
from some reputable house jealous
of its reputation. Your banker WIZ
give you the names OF such hrins ~
you ask for them. and they are "of'"
having.
Avoid All Canvassers.
Avoid house-to.house canvaSsers
and also be decidedly chary win tne
thousand and one users OF the maii
offering stocks and bonds that are
attractive on paper only. with hisniy
tinted prospectuses OF propapIe
earnings in the next few years, more
or less. ,,,,,
The reliable broker or banker VIII
.i,a vo1 the record of the years
that have gone of the corporation
issuing the bonds. ..
Bond sellers, legitimate or otnef.
wise. are knowing class Oh
people. They know your income
they have access or have had access
to the revenue books and know from
What securities you obtain your an
come and many other things that
should be a matter of Importance
They also make a practice OF offer.
ing some slight profit to you to snift
investments. that they may maNe
sales of their offerings.
It is, therefore, doubly essential
that the investor not posted on the
trade should be In touch with a
banker. ;.,.,.
Evening star., 1926-06-06

you have no desire to sell, you will
wait till it comes back"
Lower and lower the price drops
and you hang on-then you get scared
and sell and perhaps at the very low
est point, whereas d run on the ex
haustion of the first or second margin
call would have left you better off.
Your banker or the Better Business
Bureau will probably advise you as TO
a safe stock to put away for the
rainy day.
If you save your money. dollar nv
dollar If it has taken you years to
accumulate you will not want to take
any risks. but will stick to your bank
er's advice and probably to invest
meIlts in high grade bonds. in which
there are no serious fluctuations and
where advances. small of course. but
more or less certain, may be looked
for.
Evening star., 1926-06-06
EVERYMAN'S
INVESTMENTS
TWO IMPORTANT POINTS.
By GEORGE T. HUGHES,

Continuing the discussion Of railway
bonds the two most important points
to be considered before making an
investment in this class are the po-
sition of the mortgage with regard TO
other liens and the value or the par
ticular piece of railroad property on
which the bond Is secured. In the
case Of first mortgage issues these
matters of security are of greater
moment than earnings.
It is perfectly possible-and 1t has
repeatedly happened-for a road to go
into the hands of a receiver and yet
continue to pay interest on its hrst
mortgage bonds. The st. Paul road
Is doing that just now. In fact, there
are very few instances in the history
of American railroads for a first mort.
gage bond Of the larger systems to de-
fault. no matter what happened to the
Junior securities. Some bonds are
strong enough to go through re-
ceiverships undisturbed.
The second consideration, that Of
the value of the property mortgaged,
is not so easy to weigh. In general
security is better when founded upon
the main line than when upon a
hranch. There are plenty Of excep-
t,cns to this rule but the fact that
statistics covering traffic on the
various branches of a road are not
ordinarily available makes 1t difficult
N discover them. The average in
vestor will come out better if he con-
fines himself to main line mortgages.
Besides bonds that are mortgages
on main lines and branch mileage
there is a large class secured by ter
minal properties. Formerly these
were not rated high as a group but
in recent years they have come to
be regarded with greater favor.
Whenever these terminals are located
in the larger cities it Is reasonable to
expect appreciation In the value of
the real estate thus increasing the
security back Of the bonds. This
rise in land value Is often great
enough to offset the chance Of a
change in the location of the terminal
often two or more railroads occupy
Jointly a terminal and are jointly re-
sponsible for the payment of prin..
cipal and interest on the terminal
bonds. This Of course raises The
rating and some bonds in this group
| are ipvsstmanta aG thA most canseSya'
Evening star., 1926-06-06

however, who will agree the advant-
age really should he with the margin
trader and both sides are backed with
strong arguments.
Friends of the former theory will
claim that there il safety and salts
faction in the purchase of stock for
cash; that a slump in prices will not
bring any cause for worry, that the
calls for more margin that attend
trades on margins may he avoided
and that the item of interest in the
account is avoided entirely--all truths.
If one buys on margin, he may
squirm at the first call for more mar
gin. but he will have to put it up OF
sell; on the second call he may re
spond, but the chances are that the
stock will be sold and the loss
pocketed, there Is nothing else to dc
with II.
With yOur stock in the strong bo.
Evening star., 1926-06-06

worth. II it was worth more it would
be selling for more.
Much better to buy one share of
high grade stock at a high price, be-
cause it has the intrinsic worth. it
is progressing, and the chances are
much better for further advances
than that of the cheapling. One has
but to follow the record Of high grade
bank stocks and other worthy shares
on the home market and on the ex-
changes in other centers.
Then too, in periods of stress. of the
unexpected which happens between
days, as a rule, the high-grade stocks
will stand up to the racket where the
low grades will melt away.
There is probably no question with
the great majority of spectators over
the advantage. Of buying outright.
when possible. rather than Of buying
on margin. There are probably some,
Evening star., 1926-06-06

suspicious. but 1t is their business
to be suspicious Of every one whose
reputation is not known. Of every bit
of paper offered to them, documents,
certificates, notes, etc. They take
nothing for granted. 1t is second
nature to them to be careful and
suspicious. and the investor--in every
thing--ought to exercise the same
care. 1t will pay.
A Wrong Idea.
1t is not a wise move for the young
investor to make to purchase low
priced stocks just because they are
cheap, on the theory that the chances
are that they will advance more than
other shares, or for the other reason
frequently advanced by the embryo
trader. "one can buy more"
A stock that is selling at very
low price is selling for all that 1t Is
Evening star., 1926-06-06

for May totaled $534.sS5. a gain of
more than 100000 over the same
month a year ago. or $50 per cent
Sales for the first five months Of the
year were $2.352.5 sos. an increase of
over $214.000 over the same period
last year.
Bond circles are awaiting with keen
interest the Treasury's announcement
of it's June financing plans. A belief
exists that the Government, in ad'
dition to offering short-term certifi.
Gates, may invite holders of Third
Liberty 4ias to exchange their securi'
ties for an additional issue or the
Treasury 3As.
The national debt of the United
States which will ultimately have to
be paid off by American taxpayers
stands today below $4,000. .O00,0 900,
provided all foreign governments,
which have reached debt agreements
with Washington fulfill the terms or
their agreements. According to the
June bulletin of the New York Re'
serve Bank.
Evening star., 1926-06-06
f. o. B. faetosy

EYMCNBuDG-JLAS ASexanAee Iltx. 90. .lnc
MADK6ON-CAFpentR Motor Co.
NEWPORT NBWS-NeWport News MsesR
Car c., Inc.
N0RFOLK-CobuxA MetoT CaR o., Inc.
ONLEY-Onley Garage
PETERSBURG-BRya Motor CesD.
RULASKI-SeYvice Gar. q Motor Co., Inc.
PURCELLvILLE--Iit Motor Sales Co.
QUAxTICO-Pa.is Auto Service Co.
RICHNOND-Haxelhu Motor Co., Inc.
Evening star., 1926-06-06

1xsACKWUHG-ARg Drss.
CHABLO1TESvHLE-CARpsatsr Mtr. @
CovNGfON-NseIl 1fotss sa1ss Co. In
CREWE-CreWe Motor Co.
HREDEkICKGBUHG-Jsnes Ms4sr CO.
FRONT ROYAL-Rsyal Sales o..
HAMPTON-Newpsrt News MtR. Car Co.
HARRJsONBURG-E. II. Rodes
KILMARNOCK-Prue Moter Co.
LEXTNGTON--W. 9. McCown
Evening star., 1926-06-06
YOUNG INVESTORS SHOULD AVOID
ALL CANVASSERS AND TIPSTERS
Bonds Are Safest Securities and Before Putting
Money Into These the Banker Ought to Be Con-
sulted-Many ''Pretty" Certificates Worthless.

any time they are being "let in on
the ground foor." or offered a chance
for a speedy clean UP.
Better be suspicious all the time.
Bankers and brokers themselves.
while they may not admit 1t, are
Evening star., 1926-06-06
Sbak sales and 5000 points throughout the United States

ROANOKK-JaRFekt-C CheWnkMG O.
eTAUNTON-DGRenh MnenB O.
SUFFOLK]. Q. MoeRe
WINCHESTEH-Wine 49, 0neD
wYTHEvux1-Ckvw Msear O.
WEST VIRGINIA WEST
CHARLESfoWN-R g. 6uithssn . o..
MARTTNSBURG-val Meter @.
PETERSBURG-E. @. Kesee1
ROMNEY-Nsw Century Garage
Evening star., 1926-06-06

HXATEGvNLB-Whits Ms1se Garage
OAEI.ANIs-xnaepa,asae 0aRAes
HARKT0H-L u. HeahAn . SEN
PATAP9CO NDCK--ThemAs .. CasaU
nO(KVH,LB-E.N u. Ceshell
SMIT1G1UD6-3he Aute Pafne o. xne.
WESYNuN9TEn-ChaRles ". xlee
VIRGINIA tEast)
Ar,yxANDRIA--Beyd -Carlin Motor Co.
BEDFORD--Aute Service D E1ec. Corp.
Evening star., 1926-06-06
MARYL.ANDW

AagYehYOxI9-o1aAa0 0ogaGo
1AtH11lO1D-1he unate4 A11e eaass O.
OA1pny-CaR416 Mstss 0ales O..
0ATONGVULB-Cn4e MeteR Ceep.
CU1DERKAAl1D-K1ei Meter q T1se c.
YREDEnICK-Fsederick City GaFnge
TR09TDUHG-Cemtra Garage
HAGERSTOWN-Fls Meter D Tire O.
NANCOCK-Central Garage
HAvRE DE GHACE-Pitceek DRes.
Evening star., 1926-06-06

The use of candles for decorative
purposes IA this country haa bsea
Evening star., 1926-06-06

These fine One-P Profit Studebakers may Be
s. purchased out Of income at timc-paymsnt
rates as low as any known to the motor
world:
STANDARD SIX-Duplex- Rcadster. $ltzs:
Duplex Phaeton, $1l4s; Coach. $ll9S: Sport
Roadster, $129s; Country Club Coups, $1z0s:
Sedan (wool trim), $l2o5; Sedan (nohair
trim), $f3o5.
SPECIAL SIX - Duplex-R Roadster. $i3oS;
Duplex Phaeton, $1445; Coach, $144S; Sport
Roadster (4-PasS) ,$lses; Brougham. $17os;
Victoria, $l750; Sedan, $685.
BIG SIx-Duplex-Roadster. $l4o5; SPORT
Roadster (4-Pass.). $l64s; Sport Phaeton,
$ls7s; Duplex Phaeton, $l77s: Club Coupe.
$l650; Sedan (s-Pass.). $18os; Sedan e.
Pass.). $2l4s; Brougham, $2oos; Berine,
$222S.
All prices T. .. b fsesovy
Evening star., 1926-06-06

The quality-car power and luxury in this hne
Sedan At $1s9s due to the savings made possible
by Oue-Pro6t manufacture. But for the enormous
Studehaler facilities that n,alue these savings posi-
bic, its psiee would be ~ nigh a. IL quality
Few moeorcar "msnufacenzexs" have fcundr,es'
foexea, eee, 10 nalce dseir own eugines-5a ooe-
6fh Of "a sufoenobiles oost is in the engine Even
Evening star., 1926-06-06
Studebdkers
loevestticed Sedan
but all quality

THE fine Studebaker Standard SIX Sedsn
i Illustrated is luxurious four-door enclosed
car. 1t is upholstered in genuine wool eioth-
Carpets are WOOL Windows are real plate giasa
The spark is automatically advanced and re-
tarded by the speed OF the engine. The spsfk
lever is thus made obsolete and Is replaced By
the safety Lighting control on the steering wheel
The equipment includes: gasoline gauge, air
cleaner and gas and oil filters, rearvison mirror,
stop light, dome light, automatic windshield
cleaner, coincidental lock to steering gear and
ignition, controlled by same key operating door
and spare-tire locks.
But the most important supcriorities Of tins
Sedan cannot be seen. They are concealed within
the framework of the body and IN the chassis
Body pillars are Of northern white ash, cross
members OF hard maple. We pay premium for
steels OF extra toughness-
Run the quiet L-head engine-the most power
ful in any car Of its size and weight according
to the rating of the Society Of Automotive En-
gineers. Test this cars performance on the
road. Note the power, the splendid riding com
fort; then realize that you can buy it out Of IN
come for the lowest price Studebaker ever
placed on Sedan at time-payment rates as low
as any known to the motor world.
Evening star., 1926-10-20
sALE-sUBURBAN PROPERTY.

s-RoOM NEW HOUSE, y ACRE GRoUND; p,
Wash. on Central ave; cheap. Address
Schroth. R. L. sta. Benning. d. c.. Box 10.
BEAUTIFUL. WOODED i5-ACRE TRACT;
Virginia. / mile from Key BridEs 81 500
dale. va. Phone Clarendon 247-W-2: 22e
S7,6O0-5-RooM AND BATH BUNGALOW:
electric light rSrSdhes located sIaSs n.s sSand
Md OWNER: III Eastern Market. 81.
on 9TH ST. PIKE-ATrRACT1vE CORNER
sEl""s' ssS Stove: Ho"t lot ssxfa5' I S N" NJ isas
BLAIR-TAKOMA-NEw SIR. 4 7; BuNS: :.
h.-w. h, elec. HaS f slsen pch' STAT 1xda tao:,
LOT looxlSo. on ST., STATE E,I Rp; ,i..v N.w ISb sR
Stat. s t. tubs: $500 cash s65 mo. N. 1Saa. +.
10 ACRES MD. ON CONCRETE PIKE.
near District: house buildings, fruit: excel
lent condition. $500: will exchange. Fr.
6O41.
Mr. NEAR Rrs SNAIL "a +, BuMe N -,S. s. 7So ceI
lot. Main 1913 or Hy. 49,.
WOODBRIDGE. d. C.
Perry SITS; hot-water heat; refrigsrstn,r:
decorated. See these before buying: easy
terms. Owner and builder. r. SONNEMaAHN.
Open evenings. Il
WOODBRIDGE, D. c.
5-room bungalow, ami. h.-w.h.; deep lot
to alley, near R l. ave; the very best buy
in Woodbridge S55 mo-: no cash payment
5-room bungalow, ami. n " h. hard,
wood floors broad attic; 800 cash ana
and ) room bungalows in nearby Md.
S35 $40 and $50 mo-. no cash payment.
Call North 433S. Inquire 260S Brentwood
Evening star., 1926-10-20

$500 Cash PAYMENT. DON'T MISS THIS
.pportunty CAPITOL Hill bsrEaip. 13-roon
lights. House in excellent condition Has
] complete apartment 81 rooms and hath
apartments large ward and garage Priced
ritht: easv terns. To inspect call Col. 5S1k.