davidaulloa/AmericanStories huggingface dataset:
Evening star., 1926-11-20
THE BUSINESS. OF GETTING
AHEAD.
whv Men FAN in Business.

rns noe4 Browning urged that 1t Is
..ttar 70 aim high and fall than 10
aim low and succeed.
There is an element Of profound
truth in that message. but as prac
ticaJ measure landlords and bill col
1ectora will not extend special credit
"a v,or,eus failures. Able men hope
"a aim high and succeed. 1t takes
roercha andising skill in the market
risce of human services for the 1ndl-
yidual to determine the maximum e.
fort Of which he ts capable
Men fail in business either because
~ defects in their own makeup or o.
cause of unfortunate external cond1'
tions.
Csuse of Failures.
Rusiness doctors, like Bradstreet's
agency, which over long per1od oI
years have diagnosed the reasons for
business mortalities. catalogue the
causes Of bankruptcies:
A-Due to faults of those fa1ing
incompetence. irrespective OF other
causes; inexperience. without otnef m
competence; lack Of capital; unwise
credits; speculation. outside OF regular
business: neglect Of business, due 70
Q00DI1ul HdDilSs PSA 0o4A0@ -
xance; fraudulent disposition of prop
ertv.
B-Not due to faults Of those fail
ing: specific conditions, disaster. war
foods. etc: failures Of others, OF ap-
parently solvent debtors; competition.
In the standing of causes of busi-
ness failures. different factors assume
prime Importance In accordance with
changing conditions. I'm 1925 and In
1924" says Bradstreet's, 'as in the
years from 1915 to 1922. inclusive. in
competence led all other causes as a
predisposing element In business fail
ure. In the years 1912 to 1925. IL
years, incompetence led in II. In 1925
the percentage credited to incompe-
tence was 3s.a, and that to lack Of cap
ital was 80 per cent. In 1924 tncompe-
tence claimed 34.4 and lack Of capital
33.3 per cent. and Incompetence In
1925 carried the highest percentage
ever recorded by It. WITT one single
Evening star., 1926-11-20
NASH IS OPTIMISTIC.
Auto Manufacturer Poin ts to po-
litcal situation as Factor.

KENOSHA, Wis, November 20 CR.
Nothing evists in the general con.
dition Of the country which should
cause US to feel we are not entitled
to expect a normal business for 1927"
Charles W. Nash, president Of the
Nash Motors. declared yesterday in a
statement summarizing business con-
ditions.
Admitting that the South had bean
hit by too good a cotton crop" and
that crops in the Northwest were
somewhat cut. he declared that these
districts were rapidly emerging from
these drawbacks.
There Is little indication Of any
political turmoil. which argues well
for business for 1927" the statement
said. Foreign trade Is in much
more promising condition than here.
tofore."
Evening star., 1926-11-20

execution, 1919, when its percentage
was 3s.2. These two causes, as may be
xathered from the percentages a..
signed. are far in advance Of other
personal causes Of failure.
lnexperience Trips Many.
"Iuexper4ence, another form Of In.
competence, and the third most i'm.
nortant personal cause. claimed Der
cent of all the failures tA 1925, the
smallest such percentage Nncs 1908.
Fraudulent disposition. the fourth
most hurtfui cause Of failure, claimed
only 3.3 per cent Of the 1925 failures.
the lowest percentage ever assigned
to this cause.
Among the non.personal causes,
specific conditions, under which are
grouped outside happenings-fioods
fires, crop disasters. trade depressions.
etc accounted for only 14.S per cent
Of all failures In 1925, as against 1879
per cent In 1924, the lowest percent.
age thus credited since 1920. In 1921.
however, this cause was credited with
23.2 per cent Of ali failures. The de.
cline from 2S.2 per cent in 1891 to 14.s
per cent In 1925 may be credited to
the gradual return to normal that has
been witnessed since the great defia-
ton. An apparently growing cause Of
failure. non-personal in ITS nature. is
competition, which, with 2 per cent
credited thereto in 1925. was more
hurtful than in any year since 1917"
Americans are more interested In
stories Of success than in statistics of
failure, but a nowledge Of the shoals
helps o mariner to steer his ship. Per
sonsl incompetence is still the great
barrier to business rewards. 1t will
be interesting to watch this trend for
the next 10 years with an eye to dis
covering whether the recent develop
unent Of schools Of business viii lessen
the prevalence Of Incompetence In
trade.
Evening star., 1926-11-20
NEW YORK CURB MARKET
Received BY Private Wire Direct Z. The Star once
,r,c. for m. common rallied some

the price for the common rallied some-
what. ..,
American Seating common was sun
responding to the favorable diVioe,o
action announced earlier in the week.
and the same sort of buying which
has been noticeable for some time
past In Rand Kardex was again In
evidence.
The market for public utilities nuc-
tuated unevenly. but with most
changes towards slightly lower levels.
High priced specialties OF the type
OF Ford Motor of canada and Realty
Associates of Brooklyn were in ne
mand. the latter up points and the
former 8.
1t was a typical week end market
with little initiative taken on either
side.
Evening star., 1926-11-20
CENER AL POSITION OF STOCKS -
UNCHANGED DURING THE WEEK

the depressed condition Of cotton the
low prices for other textile raw mate
rails. the diminished sales Of the big
n1ail-ordar concerns and the recAnt
price cutting in oil. we have a rather
formidable combination Of uncertain
and unfavorable facts.
There Is still much to Be said on
the other side. where there are fea
lures like the extraordinarily easy
money rates, the promise Of an abun-
dant credit supply and the large vol
ume Of general merchandise in dis
tributing business throughout the
country. But note Of caution has
crept into recent Wall street opera
tions, and it has represented q feel
ing which is on the increase. The
business expansion talk Of three and
four months ago, upon which the Mid.
summer rise in stocks was based, has
long since disappeared. The possbil.
tiles Of a reaction later on are being
more carefully weighed.
Investment Capital Surplus.
The pressure Of surplus investment
capital for employment continues.
principally In the bond market. but
with noticeable supplementary
showing In investment stocks. The
new high records for the year in
some Of the French dollar issues have
been partly the result of the same
situation which 10 keeping Investment
values in general not far from the
1925 top and partly a response to the
rise in francs.
French francs were selling at the
close Of the week nearly 2 cents above
their extreme low of last July. The
upturn has not as yet. at any rate,
been as destructive or az rapid as that
Of two and a half years ago when the
800 ,000. 900 Morgan loan turned the
tide. Then 1t was more q question Of
a tremendous squeeze Of an interna-
ticnal short interest. Now speculation
has not played the main part.
French Industry Hit.
The advance Of the last few weeks
has been brought about by French
capital. which had taken refuge in
other currenciee or in securities not
affected by the fall in the paper
currency. flowing back home.
AS the franc has risen everything
in French industry and finance
which had been adjusted to the de.
preciated value Of the paper note issue
has been more or less hard hit. Sc
curities have been dumped overboa rd
for the reason that they grow less val
liable the more the franc increases
In purchasing power.
In the same way the whole struc-
ture of industrial prices, of wages
and production faces the possibility
of a more or less severe reaction
should the upward swing in the
franc keep on. At the close Of the
week there was evidence that the
government was intervening to check
the rise by Offering through the Bank
Of France large quantity Of paper
notes.
Evening star., 1926-11-20
Cotton Slump Factor.

In weighing the various forces now
operatine In the scales of prosperity,
observers inevitably regard the recent
slump in the price Of raw cotton as
crucial factor.
walter S. Case. analytical New York
investment banker. who for years has
heen q bull on the new South, thinks
the long term result Of the cotton
crisis will be favorable. Mr.. Case
and associates are the dominant in
terests in the ownership of the South
After all" said Mr.. Case. the
xreat change in the South In the
last 20 years has not been the change
in the value Of cotton produced; IT
has been, frst, the change from pre-
dominant cotton production to d1versi-
fied agricultural production and, sec
ondly. the tremendous increase IN
wealth from the development OF
great many manufacturing industries.
A year Of low cotton prices helps to
educate the farmer away from one
crop and creates tendency t0waro
developing the usefulness of the farm
in other ways The transfer OF poor.
lv rewarded agricultural labor. and
the utilization Of 1t in the production
Of diversified agricultural. on the one
hand. is one Of the greatest Things
that have been going on in the whole
modern world. What we are going to
see happen in the South is that the
individual is going to raise more cot
ton per acre and per man, but he 10
roinE to raise something else also, and
Furthermore. q certain number OF
people are going TO be released tor
employment in the manufacturing
Industries" 49,,
Mr.. Case looks upon the cotton
slump as a temporarily Disturbing nc.
tor which will initiate another
economic cycle. which In the snd wsii ~
mean greater prosperity for tns
sc,,th. The renaissance Of the South
since the war. and more particularly
IN the last three years, has been O
highlight in the national economic
situation. The rate OF increase IN
snstac ovarad to railroads in the South
was by far greater than that which
rreyaiied in any other section OF the
country.
Evening star., 1926-11-20
BY WILLIAM r. HEFFERNAN
Received By Privai

NEW YORK. November 20.-Profit
taking preparatory to the week end
suspension Of operations resulted In
fractional reeessions in today's brief
Curb Market session.
The oil shares in most insta noes
were offered at slight recessions, but
the selling was too light to bring
about material price cha nges. South
American oils proved exceptions to
the general tendency. Carib Syndicate
moving up close to its former high for
the year The selling of Tidewa1e,
Associated Oil. which followed the
dissolution of the banking syndica te.
appeared to have been completed and
Evening star., 1926-11-20
By STUART p. WEST.

NEW YORK. November 2o.-The
general position Of the stock market
has not been much changed by the
weeks operations.
Professional dealers. who ere the
only ones nowadays to initiate fresh
transactions. have tried their hand
first on one side. then on another.
favoring for the most part the selling
side of some Of the recent lea aders.
and have found that prices for the
most part were swinging aimlessly
around a dead level.
Wall Street is not thinking SO much
about the general movement In either
direction. 1t is busying itself from
dav to day with individual stocks and
groups Of stocks where there Is some
special incentive.
One of the most interesting features
Of the week has been the revival In
the market for the sugar shares.
These were long very much depressed
by the fall in sugar prices and by the
knowledge that in the case of Cuban
PRODUCERS. the annual reports would
make a poor showing. The sugars
in the end became sold out: that is,
nearly all the outside speculative eie.
ment was eliminated and the stocks
were held by people who We're able
ana determined to keep on indefinitely
until a turn for the better came.
Raw Sugar Futures Climb.
This turn developed abruptly, and.
al compared with the paltry variations
to which the sugar market for months
had grown accustomed, the rise Of
Thursday and yesterday IN raw sugar
futures could almost have been de-
vi HNA IN a
revision Of estimates regarding the
1925 Cuban crop, founded upon fuller
information as to the extent of the
recent storm damage.
United States Steel has been per.
sistently sold since the statement at
tributed to Judge Gary that an extra
dividend had not been either cons1d
cred or discussed. With the declarat
tion Of the extra 81 on General Mo
tors. the immediate impulse from
speculative standpoint has been re-
moved. Motor shares continued to re-
feet the uncertainty over fourth.quar'
ter earnings. On this subject opinions
differ widely. Most of the cut-down
in automobile programs occurred last
month. In some cases the curtaii'
ment was no more than seasonal and
in other cases 1t took on the proper.
ton Of real recession.
Uncertain Factors Multiply.
The steel trade reached it's peak In
October. Since then the output OF the
mills has been substantially reduced.
This is a development which ordi-
narilv occurs at this period and there
fore Ia nothing in itself to suggest a
downward turn. But, taking the
months reduced pace Of automobile
makers ana the FALLING OF In steal
production. and putting t1ae hssads
Evening star., 1926-11-20
LOAN FOR YOKOHAMA
TO BE ISSUED In u. S,

NEW YORK November 20.-A
$40, 900 900 loan for the city Of Yoke.
hama has been arranged by American
bankers and will probabl be placed
on the market next week. j. r. Nor
gan 4 Co. are expected to head the
offering syndicate.
The sale Of the bonds will provide
funds for reconstruction purposes,
which were authorized soon after
the 1923 earthquake. A $3.50 900 900
Japanese government reconstruction
loan, however, made unnecessary any
borrowing by individual cities until
this time.
Kengo Mori, Japanese financial com.
missioner in the United States, con.
Quoted the negotiations for the Yoko.
hama loan.
Evening star., 1926-11-20
WILL SPEND MUCH ON ROADS

ATLANTA, Ca, November 20 tspe.
ciaD.-Georgia and South Carolina
will spend $21. .ooo.ooo on highway paw.
ing in 1927, according to the program
announced today. The former State
viii expend $1,000. 900 and the latter
$4,000, 900. Neither State will have
to add to bonded indebtedness to carry
out this program, but will devote the
proceeds from gasoline taxes to the
sums furnished by the Federal Govern.
ment.
Evening star., 1926-11-20

rThe French franc. with fluctuations,
has been steadily gaining ever since
struck it's low record for all time on
July 30 Of this year. when 1t was
quoted on the Bourse at 49.se to the
dollar. On that day 1t sank even
lower in New York. being quoted at
1eaX cents, or more than 50 to the
dollar. Par value is 1913 cents)
Evening star., 1926-11-20
MEN AND MONEY
By M. S. R,sksyssr.
(CopyFight. 1926)

OHe Dy one the exCluSlveIy m@s-
culine business occupations disappear.
Banking was one of the last citadels
to resist the oncoming Of the new
woman.
Before the war, several large East
ern banks had a fiat rule against
employing women-even as stenog-
raphers or guardians for adding
machines. The Termination Of bank
ing personnel, however. got an
enormous stimulus during the war.
The banks not only opened the gates
to women for clerical work. but also
started the new vogue Of appointing
women executives. When the men
returned from the war. many women
remained in the banks. Today women
hold every position in banking, from
runner to president. Emma Duerr-
waechter Is president of the German
town State Bank at South German
town, Wis.
At the request Of your correspond
ent. Miss Marjory c. Todd. chairman
of the women's committee. New York
Chapter. American Institute Of Bank
ing, has compiled statistics on the
extent Of feminine penetration into
the sacred realms of finance. The
estimated number Of women employed
in banks in the United States is
40 900. which on the average would
mean at least four women for every
three banks in the country. OF these
no fewer than 2.100 hold executive
positions. The executives are not
all bank officers in the technical
sense, but are in some cases depart
ment heads. The tendency Of the
women'e departments is increasing
It represents an attempt to build up
accounts from woman depositors. ana
is a natural reflex Of the growing
economic independence of women:
Paid Less Than Men.
The woman bank executives COM
plain that they are paid less than
mNr for equivalent work. The ex.
planation Is that the absorption OF
women into this new field has not YET
baen completed and at present the
eagerness on the part Of women TO
undertake this work is greater than
the supply of jobs.
One criticism that mere men make
against woman employees is that they
are not interested in their work az
life career, but are merely MARKING
time until summoned to the altar.
As to this, one of the leading woman
that the characterization applies
chiefly to the younger girls in clerical
positions and not to executives. she
added that there is compromising
fact in that young girls are willing
to remain In blind alley jobs which
are moderately remunerative. whereas
Young men are restless IN places
which do not offer the possibilities or
ultimate promotion.
Another assertion frequently made
is that women work only for pin
money. With the rising standards
Of living, this is obviously becoming
less and less true. Many women work
because they have to, II they wish to
live on the scale they have chosen.
Miss Jean Arnot Reid. who used to
be q portrait painter, was recently
elected president Of the Association
Of Bank Women, a national group
for executives. Miss Reid Is manager
Of the woman's department OF the
Bankers Trust Co. Of New York. She
attracted the attention Of the bank by
her organizing skill revealed IN war
work.
Evening star., 1926-11-20

Have You Been Stuns Yeti
Some men have to get stung good
and hard before they learn TO be eau
tious in making investments Before
you observation-disclosures.
Evening star., 1926-11-20
RosroN STOCK MARKET.

BOSTON, November 2o.--Following
is a list of today's highest, lowest and
closing prices for the most active
st tncks dealt in here.
Evening star., 1926-11-20
ASCENT OF FRANC HITS
MERCHANTS OF FRANCE

PARIS, November 30 O'.-Tne
present skyrocketing ef the franc ts
hitting French industry hard. and the
government has been trying to STEADY
the exchange market without much
success.
Evening star., 1926-11-20

Following is a list of bonds and
stocks traded in on the New York
Curb Market today.
Sales in
Evening star., 1926-11-20
Mercy to Loan

Prevailing intereet and commissior:
Joseph |. Weller AZ Hssv wssn; an I; 4 Nv. w.
Evening star., 1926-11-20
COTTON IS QUIET
IN TRADING TODAY
Evening OF Accounts Before
Monday Government Re-
port Is Noted.
BY the Associated Press.

NEW YORK. November 2o.--Cot-
ton futures opened steady: Decem-
ber 12s3: January, 1853: Marua,.
l37s; May. 1900: July. 1921. The
cotton market was quiet at the
opening today Evidently traders
found no:hing in the early news to
create fresh sentiment or encourage
the placing of fresh commitments In
advance Of the Government crop re-
port expected on Monday.
Further evening up OF small ac-
counts was reported with very little
effect on prices. and after opening
steady at a decline of points to
an advance of l point, the market
huetuated within a few points either
way OF 1887 for January contracts,
compared with 1880 at the close
yesterday. Spot house brokers were
again buyers of December against
sales of later deliveries, with the
general market ruling about net un-
changed 20 points lower at the end
Of the firs, half hour.
Private cables reported trade call
ing and covering in Liverpool. but
said the demand for cotton clothes
from India was less insistent.
New Orleans Market.
NEW ORLEANS, November 20 LP.
The cotton market opened steady
here today with first trades showing
no change to one point higher. Prices
were supported by price fixing and
trade buying. but trading was held
in check as to the uncertainty of the
Government report to be issued Mon
day. After the start prices eased
off. December trading down to 1888.
January to 1889 and March to 1919,
or to points under yesterdays
Evening star., 1926-11-20
Iiyerwo0l Quotations.

LIVERPOOL, November, 20 R.-
Cotton-Spot quiet: prices easier
American strict good middling, 7.9s
good middling, 7s3 strict riddling
7.33; middling. sos: strict low mid
ding. SIS; low middling, sos; stric
good ordinary, 5.ss: good ordinary
sos. Sales, 3.O00 bales. including 1.Sot
American; receipts. $4,000 bales
American, 1890. Futures closed quie
and steady: November, s.79; Decen
Der, $40: January, ss4; March. $50
May, e.ss; July. 7.os; September. 7.os
Evening star., 1926-11-20

Sales in
hundreds.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1926-01-02
Deeds, Building Permits, Vital Statistics;

block Is. Crestholme addition; 81 etc
Hilda MOsei TO San Antonio Loan and
trust Company. December 80, 1925, deed
% one and half acres off the northeast
one-half Of tract Z. subdivision Of lot 3.
range ?, district s; valuable.
John J. Kuntz. r. II. Flint and John
Hagy 10 q. Wallace and Euia v. Smith,
December 20. 1925. deed 10 lot I. block
/, new city block 1862; $3.50, etc.
John Thomson 10 Ella Thomson. De-
eeInber 81, 1925. quitelaim deed to in
tcrest in lot 10, new city block Ss4; 81.
y. q. Irish 10 Josefina Hernandez, wife
OF Lee 81. Hernandez. November 8, 1925.
deed 20 lots % and %. new city block
-z31, Victory Heights; $3.50.
Lawrence Wallace TO W. W. Waliing.
December -, 1925, deed 10 lot fronting
i1f feet on Sslinas street by 1904 feet
deep. being 10 i7lO West Salinas street;
80.
Charles KLAUS 70 John Branz. December
%. 1925, deed TO lots "a. -. Is and 30.
block /, new city block 200; 81, etc.
J. 9. stinson to Ben X. Linder. De-
ecmber Is. 1925. deed to lot %. block
&c. Los Angeles Heights: $50, etc.
). y. and Maria Asearra wagner 10
Peter A. Mayer. March 6, 1924, deed 20
.ot 2. block 2s. new city block e7i;
J. 9. stlnson to Ben H. Lindsr. De-
cember p. 1925, deed 20 lots 20 and 81,
block So, Lon Angeles Heights: 80. etc.
Hoodlawn Hills Development Company
70 J. c. and Ara Christopher. October ~.
1875. deed 70 lots 81 and %, new city
block 1859; $3.50. etc.
A. r. and Myrta Fox 10 g. P. and
Emma Daily. December IS. 1925. deed
% lot 10. block 8, new city block 1880;
5000.
c. ~ Malone 20 Guardian Trust Com
pany. July 20, 1925. deed 20 part Of old
city lot 2, range 8, district 7, excepting
about IS acres already disposed Of. con-
aiming 1895 acres Of land, described BY
field notes in deed. SO. etc.
g. n. Malone % Guardian Trust Com
Dany. July 20. 1925. deed 10 lots TO 9.
~ % 10. block 6, new city block 2T77;
los T. 20 1g. block =, new city block
ZIG; lots 70 is. block 8, new city block
2175; SO. etc.
J. A. Fuighun 20 George a. Sartor
and y. J.. GoOde. December 30, 1928. deed
10 the south twenty feet Of lot and
the south Is feet Of lot 2. block 4, Tenn.
Pic nm addition; $3.50.