davidaulloa/AmericanStories huggingface dataset:
Evening star., 1926-08-21
EVERYNAN'S
INVESTMENTS
BY GEORGE T. HUGHES.

When new bond issue is offered
for sale the purpose to which the
funds obtained therefrom are to be
put is a matter of Importance in ap-
praising the investment status of the
new security. Bonds are issued for
many different purposes.
In recent years there have been
many new issues sold to pay off out
standing bonds carrying Il higher
coupon rate For example, cor
poration which issued A bond three or
four years ago on Il Z per cent basis
now finds that money is cheaper. it's
own business is more prosperous and
its credit is higher and it can sell
now 5 per cent bond as easily as
1t could one carrying a higher rate in
1922. So 1t calls the per cent bond
for redemption. paying 1t OFF with
moneys obtained from the sale of a
5 per cent issue In reality this is
not new financing at all. 1t is an op-
Grafton which reduces annual inter
est charges. A bond sold for that
purpose commands a high rating, pro-
vided the price is in line with the
market.
Sometimes new bonds are sold to
reimburse the corporation for pro-
ductiye improvements already made.
This too. invites confidence on the
part of the investor, especially when
the earnings cover interest charges
on the new issue by a satisfactory
margin without allowing anything for
the income from the just constructed
new properties.
A bond issued to finance new con-
struction, not yet begun. is also a
legitimate investment. always suppos-
ing that the proposed improvements
are conservatively planned. Finally,
corporations from time to time do is
sue bonds to pay off bank loans or
10 increase working capital This is
not so favorable from the viewpoint
of the buyer of the bonds. 1t has to
be done, however, on occasions. but
such a bond ought to be priced
lower than one sold for the other pur-
noses already mentioned. Generally
the proceeds of a new issue are used
for several purposes. but the proper
tions in which funds are applied
should he carefully examined before
the investment is made.
Evening star., 1926-08-21
WATER GAS FOR POWER.
German Chemist Devises a Method
of Separating Products.

From a Science Service Bulletin.
Water gas, which forms q part of
most city gas. and is obtained by pass
ing steam over hot coke. may become
an important source of gasoline in
the future. This is indicated by ex-
pertinent of Prof. Franz Fischer
and his assistants working at the
Kaiser Wilhelm Research Institute
for Coal Products in Muelheim- on
the Ruhr.
The process makes use of catalyst.
chemical reaction but is not itself
changed in the process. and Prof
Fischer says that by choosing the
proper catalyst. temperature and pres
sure, not only gasoline. but wood al
cohol. vaseline and other related sub
stances can be obtained.
To make gasoline. says Prof Ffsch-
err. the water gas. from which all
traces of sulphur must have been re-
moved. is passed over catalyst con.
sisting Of q finely divided mixture of
cobalt with oxides of such metals as
chromium or zinc. at a temperature of
500 degrees Fahrenheit.
It Is said that gasoline thus pre-
pared compares favorahly with the
best natural product and requires no
further refining. because the sulphur
has already been eliminated from the
raw material.
Evening star., 1926-08-21
POTATOES HIGHER;
TOMATOESLOWER
Eggs Generally at Same
Prices in Center Market.
Butter Stationary.

nc Wholesale market today, while
steady in many lines of produce, was
featured by considerable rises in two
lines and a cut in price in another.
White potatoes, which yesterday
brought $3.50 and S4.75 a sack. today
sold for s. straight and sweet pota-
toes. quoted previously at $3.50 now
are bringing ST.
The reduction was in tomatoes now
quoted At so cents a half huShel. so
per cent lower than yesterday
t,--ilitower now coming into the
mag Het, was In ;nlI iigl.; demand to-
daY ana sold for $3.50 crate.
F"e"heS remained steady 1T $2.39 to
- . hushel and apples ciung to 81 20
10 tl.5o.
G.GS Of finest selection today re-
Yained 1t yesterdays record of 30
cents in some wholesale places
though loss select grades sold for
some less. Eutter was stationary.
Today's Wholesale Prices.
Butter Fancy, 1-pound prints AGA
IS: tub 45 store packed. q.
Eeg> Fresh selected. 81; hennery,
g.; cuI rent receipts 4fa2&
Poultry. alive Turkeys. 80: Spring
hroilcrs. 30a33. White I.nghorns, 2,ta
o6. fowls Gar, loo>teIS. -: ducks.
young, 20. old. -: keats. young, 70a
so. old. 31n 40 Dressed Turkeys, 40:
b'oiler~. 35aio, keats. Young. GOA 90;
Old 40a10
I.iv" stock calves. choice. u,
medium. loali; thin. 6a7; lambs. l3.
Fruits and Vegetables.
Apples Supplies moderate: dcma nd
light, market dun. hIshe baskets.
Maryland and virginia. various va
rieties. 75a1 90. few high as %.
Eantal"npes- supplies liberal: de
mand light market slightly weaker:
Delaware and East Shore Maryland.
standards. 3Ge pink meats. l.5oal.73,
few 200. iumhns 36s. 2.o0a2.25: few
$50; extra n1nho~. rs: few 800
Grapes Homegrown. cceipts light;
homegrown supplying the market.
Lettuce Supplies moderate: dc
mamd moderate. market steady; New
York, 2-dnz. crates big Eoston type.
hcst. mostly 1.7J; fcw higher. tolora
do. crates. iceberg tvpe, all sizes. 4.11.
som" ordinary condition. 4.0oa4.'e.
Onions Supplies light: demand
light. market dun Massachusetts
and ohio. 100 pound sacks. YclloWH.
L :. No. I 2.loa@.75
PoaChes-SUpplieS moderate: de
mard light, market steady. Virginia.
au>hol baskets I,ihertaS. medium size.
> o5oaI.7a SKIES t,lhcrtas, large size.
80. North carolina. buShcl baskets
IlhertaS. large to very large sizes,
mostly ripe -; Niri-ini;, half
hushcl boxes Hileys large size, high
.col"r. IT'S. hu%hol baskets. small to
medium size. 20oa3.21
Potatoes Supplies moderate: de
mand moderate, market slightly
stronger: New Jersey. l5o-pouni
Slcks ruhhlcrS l.. :. No. l. 5.o0a
h.11: East shore Virginia. cloth h-top
stavc barrels Cohhlers. L. :. No. /,
5.nGa1. 80.
Sweet potatoes North Carolina.
cloth top ,StaNc larrclS NcilowS. fair
quality aud condition. 500.
ermclonS-;SurriirS light; dc
mand light account weather: too few
sales reported Ia quote.
Corn Supplies light demand light,
market firm; homegrown. sacked, per
dozen SUGAR corn. 1Ua"o: mostly - per
dozen.
CucumhcrS - Homegrown receipts
Very light, demand light; NO sales re-
ported.
Peas Nu S"lc> reported.
Evening star., 1926-08-21
Joy of Teaching.

Frank +. Summons IN the Educational Review
If an Agassiz finds pleasure in dig
Ging among fossils in order that he
may interpret the great story of pre-
historic life: if a John Thoreau by
Walden pond is delighted with his
studies of bugs and beetles; if a John
Burroughs on his little patch of
ground in the valley of the Mohawk
glories in his life among the birds and
bees: If a Luther Burbank is enrap-
turcd with his work of transforming
a worthless desert cactus into an
edible fruit. or in producing sweeter
rose or fairer lily; If these and other
workers. whose names are legion.
revel in the love of their work
then by what term shall we
designate the JOY that should be the
teachers who works not with mere
fossils. nor with bugs or beetles. nor
with birds, bees or flowers. but with
the child who is at once the most com.
pleX. the most plastic, the most beau.
tiful. the most wonderful of all Gods
creation. Yes. it's a wonderful thing
to be teacher; it's a great thing to
teach school.
Evening star., 1926-08-21
COMMODITY NEWS
WIRED STAR FROM
ENTIRE COUNTRY

TULSA August oi.-The develop
ment Of a new field east of the Bur
hank pool III western Usage County
Is now under way. The kewanee
oil and Gas Co. which owns all off =
sets to the discovery producer has
~tuked location for three wells.
DETEOIT-Michigan potato grow.
ers are looking forward TO high
prices this wear Production IS esti-
mated al 345 oo0 900 bushels for the
United States as a whole. which is
held 10 be 10000 0o0 bushels under
normal consumptive demand. The
estimate for the Michigan crop is
3.oeo. 600 bushels higher than 1925.
SAN FRANCISCO. - The latest
estimate OF the California prune crop
crop is l4S 600 tons, as compared
with Ia. 900 last year.
BOSTON 1000 tons of steel
rails for the Boston and Maine Rail
road have arrived here from the
krupp Works in Germany.
PORTLAND Orec.-The West
Coast Lumberman $ Association mills,
according 10 last reports. We're operat-
ing al the weekly rate of l1.94S.000
feet produced ion aa7.0o0 sold and
IQS.797.opo shipped.
Evening star., 1926-08-21
Missouri Farmers Wise.
!, Worlds Work Magazine.

From tho Worlds Work Magazine.
\ shrewd Missourian who is in daily
contact with farmers recently set out
to find why it was that the farm re-
lief agitation was SO much more vio-
lent in Iowa than in Missouri
He came to the conclusion that it
was because the Iowa banks had more
heavy investments in farm mortgages
than the Missouri banks. that the five
year mortgages made upon the high
land values of 1929 and 1927 .now com
ing due. called loudly for relief from
Washington.
1t is in truth a bad situation. A man
who mortsaged his land when it was
worth $500 has 10 pay it off when the
land is worth $3.50 or 5000 Naturally.
he wants prices that VIII make his
land worth $500 again.
AS such states as North Dakota.
South Dakota and Minnesota have
tried to solve the problem and failed.
the farms now turn 10 the Federal
Government. which protect the high
wages of other workers and promises
prosperity TO all producers.
Evening star., 1926-08-21
OLD AND NEW IN SHANGHAI
Chinese City Is the East Incarnate
and the West Triumphant.

From tho Japan Magazine.
In Shanghai Chinese girls still ride
in red chairs to unknown brldeEroolns;
and Chinese women, college trained
in the United States. manage and
operate a bank exclusively for Wo-
men. Americans swim in outdoor
pools of marble and concrete at their
foreign clubs. while imper, urbahle
Chinese drive water buffalo along
wheelharrow roads. just beyond, as
they have been doing for hundreds
Of years.
This is the Shanghai which the
traveller sees with eyes undiinmed by
the repeated impact Of these anu
other strange sights. day after day,
year after year. Travellers to Shang
hal are never disappointed. II is the
East incarnate and it is also the West
triumphant.
seldom, If ever. are visitors with
out home comforts. sometimes multi
piled to a degree far beyond that to
which they have heen accustomed.
and still they are adventuring into
Slamorous thrills; they are seeing
monuments to beauty that were old
when the western world was new:
they are lifted wholly out Of the com
monplace into the realm of romance
ana InNStelt "NHbut any tL ltlt dtS-
comforts that usually attend such a
complete transposition The expert
ence. as a rule, is such a heady one
that there remains a feeling OF hay
ing dined entirely on truffleS and
champagne: and the returning tlaV-
eler. drifting homeward. carries
CorGeously tinted memories of page
das and motor cars. straW-thatched
mud huts and palatial modern hotels.
shimmerng brocados and patched
blue cotton coolie cloth. and an un-
real feeling of having been char
acter in a fiction story. He is salts
fed entirely with the finale that
leaves him at the door of hts colonial
cottage on Long Island, or the bung-
allow in Suburbia. Mo-. returned
hero Of an epic of travel.
Evening star., 1926-08-21
What About French Bonds.

Naturally, we are interested pri
marily in the bonds of France which
were sold in this country during and
since the war. Personally, | believe
that the payment of these bonds de-
pends more upon us than upon
France. The French are perfectly
able to pay them, as their foreign
debt. including all they owe to Ameri-
can citizens. is only about 3 per cent
of their total debt. The French peo-
pie have money and only the govern
ment is poor. If the French people
should not provide for the payment of
these bonds when due it will be to
teach us Americans a lesson. The
French are not traders or good bust
ness men from the American and
English viewpoint. They are too loyal
to their friends and too easily hurt.
A thin-slsnned race does not make
good business people. But the people
are honest. If the French love us as
they should, these bonds are perfectly
good.
"All Of the above means that the
real difficulty between France and
America is not financial. but an utter
lack of understa nding. Both nations
are right at heart: but are SO different
that it is natural to clash. Americans
know how to make money. but don't
know how to win love. Frenchmen
will give their all for a cause which
they love: but they cannot be forced,
bluffed or bribed. Hence, l say that
it is up to us to show France that we
are not nation of cold -blooded money
lenders. but have the same hearts
that Frenchmen have. When France
feels that England and America are
Evening star., 1926-08-21
NEW YORK CURB MARKET
Received by Private Wire Direct to The Star Once

One of the outstanding incidents OF
the days trading was the sharp run
up which occurred in Isaac silver
when on running sales of zoo shares
the price was bid up from the previ-
Gus closing quotation of p to 3oA'
There was nothing in the outside
news to account for the sudden spurt
in this issue and the best explana
ton was that when bids for the STOCK
made their appearance the market
was found bare of offerings around
current quotations.
Alabama and Great Southern Rall-
way preferred. because OF the 1aCt
that the floating supply is unusually
small. was bid up more than points
when it changed hands at 134. IN
view of the improvement which had
come into the railway section OF the
stock exchange. it was natural 10
expect a reflection of this demand IN
the few railroad issues listed In TINS
market.
Evening star., 1926-08-21
Toys a Necessity.

Our educators and doctors have
learned that play builds character.
These ideas have been passed on to
parents. AS a result intelligent par.
ents today consider play a normal
and necessary part of a child's de-
velopment and education.
Toys, then. are more and more be.
coming necessities, instead of pure
luXuries.
At the present time the toy business
amount to about 5000. 900 900 a year.
says the Good Hardware Magazine
a business much larger than many
lines of staple commodities.
While the big selling season for
toys Is still in the months OF Noyem-
Der and December, Yet toys now sell
all the year around.
Evening star., 1926-08-21
Extreme Gold" Smoking.

From The NanIheSter Guar,llan.
The rubber cigarettes invented By
a Mayfair chemist with the idea Of
providing check on the cigarette
habit by supplying the feel of
smoking without the results. would
seem TO be merely an old friend in
disguise. cold" smoking. generally
with an empty pipe. is fairly com
mon and. according to some OF its
pra ctitioners. almost as good as the
real thing. Liszt invented a method
OF cold" smoking OF more peculiar
type In his later years he could
not play without a cigar in his mouth.
but this he never lit. He would sit
down TO the piano with a Havana
between his teeth and keep munching
il all the time he played.
Evening star., 1926-08-21
FOUR RAILROAD VALUED.

Final Valuation for four railroads
were announced today by the Inter
state Commerce Commission The
Nanistee and Northeastern Of M.chi-
gan was valued n S@3I3S25. as OF
June so. 1919 III Pacific Coast Rail-
way OF California <l7e5 100. June 80,
1915 KaHkakee ard Seneca Of iii
nois. $500 Coo l@fa Sand Spring
Railway oklahoma, S6i6.335. June
so 1915
Evening star., 1926-08-21
STEEL DIVIDENDS DECLARED

NEW YORK. August 21 UP.-Cen-
trail Alloy Steel Corporation. the re-
cent combination of United Alloy Steel
and Central Steel. declared a quarterly
dividend of ] y per cent on the pre-
ferred, payable October TO stock OF
record September so. and quarterly
dividend of so cents share on the
common. payable October / TO stock
of record September as.
Evening star., 1926-08-21

her true friends the French financial
troubles will be over.
I'm the meantime general business
in the United States and Canada is
very dependent on the foreign Situa
ton. The world economically must
be considered as a unit-one nation
cannot long suffer without all being
affected. Foreign conditions are
great factor in the actions of the Bah
son chart, which now stands at per
cent above normal. Ultimately we
Evening star., 1926-08-21

must do one of three things-help Eu.
rope by gifts. buy more European
goods or else let down any immigra-
tion bars and give Europeans a
chance to come over here. Ultimate
" there must be a leveling process
when all Christian nations must give
and take. Let us not forget that the
next move may lie up TO us; otherwise
in attempting to save our lives we
may lose our lives"
(C0pyrlght 1926
Evening star., 1926-08-21
Baltimore Markets

BALTIMORE. MI. August II 70
tatoc%. barrel. l.ana413: 100 pounds.
t5na2 90: sweet potatoes barrel. .50a
100; hu>h"l. I.25a1.a0: yams. barrel.
0oa5 90. hcan&. huNhrl a0Hl 20. hcctS.
hundred > .0na@.5o. cabbage. hundred.
-. o.nnu4 hn. carrots. hundred. 3,onah. 90,
celery. crate. l5ha3 .oo corn. dozen.
loa@a cucumherN. basket. 25a3o egg
plants baskets S3al 90: lettuce. box.
nHa3 25. lima beans. huShel l.5a
-: onions. roo pounds. ia. 90.
peas. husheI, l.5oal LIS; peppers. has-
ket 23H33: squash basket. 21a4o.
tomatoes basket, 25a5o. packing stock.
hushel aostfo.
Apples. barrel 1ooa" 80, huShcl
40ai 25. hlackhcrricS. quart lnai21.
crab apples basket. 25a4o; canta-
loupo&. basket. 3aa9o. crate 4oa 40:
honey deVS. crate. 1,23a3.0o, plums.
basket loH65. peaches. huehel. 1Ia2 90.
huCklchcrric~. quart. 1ial>. water
melons. hundred, l1.ooa50.oo, culls,
S.0oa1@.on.
Dairy Products.
1.-Two Poultry Spring chickens.
pound. @5a33: lc2hornS. 92a27. old
hens. 2433o. lcGhorns 20: old rooSters.
1NA1A: ducks. &2a26. small and old
ducks. laa2o: guinea fowl. each. 6oa75.
pigeons pair 20a21
Eggs Receipts, Id cases. native
aNd nearby tirsts i'll free cases dozen
offered nj =
Euttcr Good to fancy creamery.
pound, +oa'2. prints, i4a+6; blocks.
<Sa - ladies %ea3l. rolls. 34a2h: store
packed .4A24i 9a35. dairy prints. 24a
@6. process butter. &aH36.
Evening star., 1926-08-21
Kill Weeds With Gasoline.

From the Po~ular Science Magazine
Killing " eeds with gasoline is the
purpose OF a new garden tool. 1t
looks like a slender cane and is filled
with gasoline. The gardener holds
the cane in his hands and presses the
sharp point In the ground at the root
of the weed. This releases a small
quantity of the liquid. and within
three days, ii is said. the weed will die.
Evening star., 1926-08-21
POTATO MARKET STRONGER.

CHICAGO. Aueu>l "a CP) Potatoes
Receipts. - ears: on track -. total
United states Shipments 590. trading
good. market slightly stronsev Kansas
and MiSSo"ri sacked Irish Cnhblers
? -5a3 90, mostly around 2.>5. heated.
" 50 mp. Minnesota sacked Early
ChioS. few sales. 1oa2.15. Colorado
sacked cobblerS. 300
Evening star., 1926-08-21
WOOL MARKETS ACTIVE.
Disna.ch 10 The Star.

Special DlspatEh 10 TIC S0aI.
BOSTON. August 2l.-The raw wool
market closed the week with a fair
degree of activity. Some fine terri
tory combing wool was moved at Sis
clean basis. Considera BILE demand is
evidenced for fine staple combing wool
in the original bags. Three-eiGhths
blood woods and fine territories are in
snnd demand.
Evening star., 1926-08-21
Health in Lights Rays.

Electric light is considered by med
ical authorities good. heal1hful sub
stitute for sunlight. In an experiment
it restored collection of apes in a
murky London zoo 10 normal vigor,
Lamps were Installed in the cages.
Evening star., 1926-08-21
iour Banker Knows.

When IN dnuhr about security
consult ynuf banker Ii j equally as
much Ms interest as Yours 10 protect
>our savings Yon trust him with
,ou~ deposits w0N not trust him
WITH !o4r .nteSlmen, problems:
Evening star., 1926-08-21
RUBBER ADVANCES.
,iaI nispateh to The Star.

Special Dispatch TO The Star.
NEW YORK, August 2l.-CruGe
rubber. smoked ribbed sheets, ad-
yanced a quarter cent at today's quo
tation of AL. cents. This compares
with 40ia cents a month ago and
IS cents a year ago.
Evening star., 1926-08-21
Dairy Products.
BANK CLEARINGS FALL OFF

NEW YORK. Aueus: II Lap Bank
clrarlnes 81 leading cities of the
! nltrl States fur the week ended Au-
gust -, IS reported % Eradstrcet's
Journal aggregated $>6&2 sea oou. a
loss of - per cen; from the week be
fore. hut a cain of c'Sht-tenths Of
per cent over the same week last year.
Evening star., 1926-08-21
$4,000 FOR SEAT.

NEW YORK. August u op>
New York Cotton ENchanGe member
ship OF Thomas T F,ahertv has been
Sold for So. .e0o - samuel T. Hub
hal1i. jr for another. An increase of
s. 600 oNe3, the previous transaction.
Evening star., 1926-08-21
by WILLIAM F.. HEFFERNAN.

Special Dispatch to The Star.
NEW YORK, August 21.-Today's s
brief session on the Curb Exchange
was typical week end affair with
little initiative taken in either direc-
tion.
The recent selling had strengthened
the technical market position to the
extent of encouraging covering in out
standing short contracts whenever
this could be done profitably. The
result was that slightly firmer tone
developed in the general body of
stocks, but trading was of a profess
sional character with the price move
ment narrow.
Vacuum Oil. which had been sub.
Jected to selling pressure Friday
rallied somewhat, but others of the
group were practically unchanged.
Relter-toster rallied a half point or
SO. while Standard Oil of Indiana and
Gibson Oil declined slightly.
NEW YORK, August 21-Following
Is official lief of nd clyc
Evening star., 1926-08-21
BAR SILVER PRICE.

MEN YORK August II OP) Bar
silver. - MeAlCan dollars SO.
Evening star., 1926-08-21
bA1 lie IN END, SA1S bAbSOIN
American People Do Not Understand Those of Other
Country, He Declares-Covernment Has In
fated Unwisely, and Frenchmen Feel Hurt.

Americans are living in foois para
disc. but the French are not. They
may be kidding the rest OF the Worlu,
but they are not kidding themselves.
THE real trouble with the French
situation today is that the french
people feel hurt They feel that they
made the greatest sacrifice In tne
war and have never been fairly
treated The French are very SEN,
sitive people. They are absolutely
different from the Germans. the Eng
lish or the Americans. The French
can fight and they can live; but they
do not make good pirates, traders or
gamblers. They are thrifty and one
gets the idea that they are keen for
business: but they are not. The
F'renchman is willing TO let the other
fellow make the money so long AS ne
can have his little home and his free
dom. He looks upon Germany as
nation Of INSCRIPTIONS warriors. upon
England as a nation of sharp tradsrs
and on the United States as nation
of lucky gamblers without culture.
sentiment or loyalty.
$50 long as the Frenchman feels
this way he naturally is not going to
pay taxes: but will let his govern
ment continue to print worthless
money and use this to pay his bills.
Don't think for minute that the
French are fooling themselves as to
the value of these francs. NO-they
are not boarding them, but are sell
ing them abroad or are using them to
pay up their Indebtedness. as did the
Germans. When the franc finally
goes to nothing. all the world, ex-
cept the Frenchman, will have francs.
Feelings rather than figures always
have ruled the world and the French
man may yet come out on top at last.
He who laughs last laughs best. In
short, France will he all right even
If the franc goes the way of the
C.nrnlaf1 N i1anal.
Evening star., 1926-08-21

NEW YORK, August 21.-Following
IS an official list of bonds and stocks
traded in on the New York Curb Mar
kpt today.
Evening star., 1926-08-21

tCopyriEht. 1926.t