18
ADVANCE IN RUBBER;
GOODS SEEMS NEAR
Babson Predicts Drop in Se- ;
curities When Higher Prices
Cause Let-Up in Sales.
Sperial Dispatch to The Star.
WKLLUSLEY HILLS, Mass., July
IS.—For some years the supply of
rubber has exceeded the demand. Ow
ing to the great profit made by rubber
plantations, 20 to 25 years ago, there
was an excess of planting. Rubber
trees were then set out in great quan
tities in order to sell the securities
of plantation companies. As a result
there has been overproduction with
very low prices. This lias happened
notwithstanding the increased demand
for rubber due to the automobile and
other uses. A year ago the *prloe of
rubber was from 15 cents to IS cents
compared with a normal price of
around' SI.OO a pound 20 years ago.
England Controls Situation.
Two or three years ago the English
people began to realize that they were
supplying the rest of the world with
rubber and- were selling it at a loss.
Therefore the Knglish people began to
ask themselves why it was that if they
controlled the market, they could not
also control the price. They could see
no reason why Kngland should supply
rubber, at a loss, to the American peo
ple to use in automobile joy-riding,
for we use in this country over 70
per cent of the world's consumption
of rubber, while Kngland uses but
3 per cent. Thereupon they devised a
plan to restrict production and stimu
late the price. This is called the Ste
venson plan and roughly is as follows:
Output Based on Prices.
The mechanism of the plan is that |
With every advance of 5 cents or
more in the market, so much more
rubber would be distributed; and with
every decline of the same proportion,
the output would correspondingly be
restricted. The original attempt to
put this plan into operation was con
sidered a failure; but the second at
tempt has proven far more effective
than was ever expected. 6 In fact, it
has l>een more or less a run away
proposition.
Stocks of rubber in London are
tinder 6.000 tons or about the lowest
tigure on record. This compares with
around 50,000 tons held a year ago
and an average supply of approxi
mately 75,000 tons. Fear of a scarcity
and a speculative rush to market are
largely responsible for the high price
level. Although there is no definite
sign that the upward movement has
culminated, it is apparent that it can
not go on indefinitely.
No World Shortage.
There is no world scarcity of rubber. I
Although supplies are down, the pro
ducing capacity is targe. The follow
ing figures show the grow th in output
in recent years:
Lour Tons.
1915 158.702
191 H 201.508
1917 205.008
1918 290.579
1919 820.800 j
1920 343.731
1921 2.03.900
1922 403.172
1923 399.415
1924 414.000
How laiiiß Will Bubble
Although Kngland, from an ethical
point of view, may lie justified in what
she has done, yet economists are very
doubtful how long Kngland can con
tinue this policy. At several times in j
history attempts have been made to
control the market on wheat, corn,
coffee, tea, copper and even bullion.
Ail of these corners were successful
fpr a time, but they ultimately blew
up with a tremendous resultant drop
in the price of the commodity. Econo
mists state that very likely this same
result will happen in connection with
this rubber pool.
On the other hand, it must be rec
ognized that the English are very
shrewd and they must have consid
ered the previous attempts to corner
the market. It must be admitted that ;
the English plan is an improvement j
on all previous plans that have been |
devised to control the market in ce- .
reals, coffee, silk. etc. Still it is an
old German proverb that "trees never |
grow to reach the sky” and this prov- j
erb is absolutely true.
Price .Jump Terrific.
Moreover, a jump from 17 cents to
92 cents in less than a year is a ter
rific jump and presents a great temp
tation for rubber bootlegging. If this
abnormal situation continues any
length of time, it will again inspire
overproduction and perhaps the plant J
ing of more rubber trees, which is just j
•what the English wish to discourage, j
This plan was devised to bring about j
a top price for rubber, which has ap- j
proximately been reached. It should, j
however, be said, in justice to the j
British, that the present high price)
of rubber is only for spot delivery, j
Rubber can now be contracted for j
Kail delivery around 77 cents. Many ]
American manufacturers were buying j
on a hand-to-mouth basis, and were 1
caught napping. These people are I
now bidding against one another in j
a frantic attempt "to get spot delivery. 1
Thus it is not the fault of the English j
that spot delivery is so expensive, j
The price of 77 cents—nevertheless —
compares with about 20 cents of a
short time ago and this trebling of
the price is alnrost wholly due to the
premeditated manipulations of the
British.
How This Affects Securities.
We find a ggeat divergence of opin- j
ton among bafttkers regarding the es |
feet of the English plan and rubber
securities. Some of the American
companies which have no plantations
of their own, especially if they have
only a small supply of rubber on hand,
must suffer from this present high
price. On the oilier hand, those com
panies which own their own planta
tions or w hich have a large supply on
hand will temporarily make great
profits. Many of these may suffer
next yean- when this present supply is
run out.
Companies, like the United States
Rubber €o. and possibly the Goodyear
Tire & “Rubber Co. and the Firestone
Tire & Raibber Co., w«»ich have inter-
—
■+ .1. . - ... I ■■ _ ■ ' ■
I ___ —we have the lumber you want to re
■ * sa ' r y° yr h° me or *° build one -
V M, We carry everything in stock that you will
r need in the construction of a house. Buy
your lumber and millwork from Libbey, a
¥ ¥TH/f¥¥r , o long established, well known firm.
I [VI I* r K Flooring, Siding, Window and Door Frames,
HILmJ Sash, Doors, Blinds, Moulding and Shingles.
•J Immediate Delivery
1 PRICES NOW REDUCED
J FRANK LIBBEY & CO.
71 Lumber and Millwork
| Cor. 6th and New York Ave. Phone M. 1223
|
NEW OFFICE BUILDING SOLD
j j 7 ' ~~~~~~ T " r l
The recently constructed Vermont Building, a ten-story office structure, 1
was solil last week to a group of local investors Ity McKeever & Boss, for
| Isadore Freund.
ests in plantations qf their own, are
in an unusually unique situation.
They can now benefit from the sup
ply they have on hand and when that
is exhausted can —to a certain extent
—depend on their own, plantations.
These companies are in a very good
position. Os course, this high price
) for rubber ultimately means a higher
i price for rubber goods, and as prices
go up sales fall off.
Caution is Needed.
This condition in turn eventually
I affects all rubber securities. Cer-
I tainly this high price of rubber can
not be looked upon as fundamentally
a bullish factor on the securities of
any tire companies. Where some
companies will gain, others will suf
fer. For this reason investors should
carefully look over their rubber se
curities.
: BROTHERS GIVEN $1 EACH.
BALANCE TO HER SISTERS
Bequests Left by Miss Lillie M.
Stonebraker—Other Wills
Filed for Probate.
i The will of Miss Lillie M. Stone
l braker, dated December 22, 1923, has
been tiled for probate. She leaves
Isl to each of her brothers, J.
Clarence Stonebraker and William
Stonebraker. The remaining estate
is distributed in equal shares among
her sisters, Emma A. Bring. M. Es-
I telle Whitmore, Mary E. Whitmore
land lola B. Schlosser, and her niece,
Naomi K. Gring. Samuel E. Stone
braker is named as executor.
By the terms of the will of Ed
ward C. Kittle, dated January 24,
1917, and for probate, his
entire estate is devised to his son, Ed
ward B. Kittle of Chicago, 111., and hfk
daughter, Blanche Kittle of New
York. The son and daughter are
named as executors.
Morris L. Croxall by his will left
his entire estate to his wife, Agnes
B. Croxall. The wife is also to act
as executrix. Mr. Croxall died July 2.
Mrs. Annie V. Koogle is named as
sole beneficiary of the estate of her
husband. John D. C. Koogle, by the
terms of his will offered for probate.
t —.—
Construction of several new rail
roads in Jugoslavia has been started.
See the
Houses
With the 22 POINTS of
SUPERIORITY Built
By Douglass & Phillips
at
Sherman
Circle
You would not believe tbe
description. Go view them for
yourself.
$9,450
—Directions—
North on (.eorgia \vp. to Critten
den St., east on Crittenden to Sher
man Circle. Look to the left for the
big Douglass A Phillips sign.
Franklin 5678
1516 K St. N.W.
THE EVENING STAR, WASHINGTON, D, C., {SATURDAY, JULY 18, 1925,
ASKS $25,000 DAMAGES.
1 George I. Scrivener's Claim for Loss
t
of Wife’s Services.
George I. Scrivener has sued the
r Western Union Telegraph Co. for
> i $25,000 damages for the loss of serv
j ices of his wife, Sarah M. Scrivener,
i who was struck by a messenger rid
•' | Inga bicycle at Eighth and K streets
and was seriously injured. The hus
(. j band says he had to expend S6OO for
f j medical attention T'or his wife. He
s j is represented by Attorneys Frost &
- Towers.
i j Mrs. Scrivener recently recovered
! judgment for $3,000 damages against
i the company for her injuries. The
company has noted an appeal from )
the judgment in favor of Mrs. Scriv- !
. ener.
Woodley Park
; |j 2800 27th Street
$15,000
B l| . |
•Nine rooms and bath ; oak floors; Middaugh
& Shannon built; Premier instantaneous hot
water heater; 2-car brick garage. House is in
j i excellent condition.
* Open All Day Sunday
C. Bushman Smith, Inc.
s 1703 Connecticut Ave. North 2522
j I i !
|| DECATUR ST. HOMES |
Open Daily and Sunday Until 9 P.M.
—a a Apia Overlooking Sherman To inspect: Drir* =
m $9 950 Circ,e a«. # 4^c G nr. m
u . , ■ tendon St., thonre =
= ' High Elevation east three block* =
== Good Terms Southern Exposure shprm “- n ||| j
= nKSCKIPTIAN = j
These houses are 20 feet wide and 32 feet deep, with double 10-foot =r= I
= rear porches.- They are carefully planned and built of the finest material = |
• obtainable. Six larre. well proportioned rooms, a kitchen that will delight =
j = any woman, tile bath with built-in tub and shower, pedestal stand, ample
I closet space, floor plus's in all rooms, '-oat closet downstairs, side lighting =
i- fixtures, hot-water heat, electric lights, Pittsburg instantaneous water
j = heater. Peep yard to wide alley.
- SAMPLE HOUSE—SIS Decatur St. N.W., Furnished by Nelson Furniture Co. =
| SHAPIRO-KATZ CO.
j = REALTORS—BUILDERS === j
§j 1416 K St. N.W. Main 9111 jjj
; == Members of Operative Builders' Association of D. C.
Iliiiißiiiiiiiiiiiii !
Isn’t This Attractive?
|| Al- ■ |
326 Ridge Ave., Chevy Chase, Md.
I 510,500 I
i A Sacrifice—Owner Leaving City
| $ If you are hunting a bargain, see this modern six-room and
j 5; bath bungalow, less than one year old. Spacious living room with
i open fireplace: nice sized dining room and bedrooms; two-car ga- I
] rage. Lot 60x125. Shrubbery, shade trees. Entire lot Inclosed. !; j
5 making great place for children. ]
c Don't delay. It will be sold quickly.
OPEN SUNDAY, 4 TO 7 P.M.
\ DHtc west on Bradley Lane to East are., thence one block north to Ridge sir. K:
.
X M. 4752 1415 K St. 'II
BUSINESSWOMEN
CHOOSE OFFICERS
National Federation Session
Comes to Close in
Cleveland.
By the Associated Pro:,*,
r PORTLAND, Me., July 18.—The
seventh annual convention of the Na
tional Federation of Business and Pro
fessional Women’s Clubs closed its
business sessions yesterday with the
election of the following officers: Mrs.
(dive Jery Wright of Cleveland. Ohio,
president: Miss Florence Bands of
Dallas, Tex., first vice president; Dr.
Marion Bowles of Joilet, 11!.. second
vice president; Miss Madora Knox of
Grand Forks, N. Dak., recording
secretary: Miss Florence E. McKay of
Seattle, Wash., corresponding secre
tary. and Maynie A. Stevens of Min
neapolis, Minn., treasurer.
•The newly elected officers and the
executive board met today and chair
men of the standing committees were
appointed. Des Moines. lowa, was
expected to be chosen for the next
convention.
The attendance trophy awarded on
the percentage of membership repre
sensed at the convention and the mile
age covered was awarded to the Los
Animas, Colo., club, which has a mem
bership of 14. This club had four
women present, who traveled 2,119
miles to reach the convention
J Cleveland ;
\ Park *
g- S\
* Semi-detached $
i HOMES ;
{ ?!
s 1 Large Bedrooms y j
£ Brick Garage £ j
/ Paved Street and Alley £ j
3617 Ordway £
£ Large tile bath, built-in tub £
e with shower, oak floors, cop- ;3
£ per screened throughout, real K j
£ open fireplace. A real solid- y\
£ built home for genuine com- 5!
£ fort. yl
/ Tankers lev {
< J
Owner and Bnilder f
LAW REPORTER COMPANY
EMPLOYES HAVE OUTING
Twenty-Eighth Annual Event To
day at Chesapeake Beach—Mod
ern Woodmen Also at Resor^.
The twenty-eighth annual outing of
employes of the Law Reporter Print
ing Co. is being held today at Chesa
peake Beach.
Events scheduled for this afternoon
are races for men and women, leap
frog races for both sexes, volley. ball
for men and women and a standing
broad jump for men. A special car
took the printers to the resort this
morning.
The outing committee is composed :
of Fenton YV. Crown, chairman; Harry j
R. Kejlingsr, William Rosser and John j
Fletcher. The outing is tendered the
employes by Frank B. Crown, general
manager, and the officers and direc
tors: Chapin Brown, president; Fulton
I,ewls, vice president: K. Randall
Webb, secretary; Ralph I*. Barnard,
treasurer: Dion S. Birne.v, Allen E.
Rents Reduced
New Apartment
1413 Girard St. N,W.
Just a Few Left
2 Rooms, Kitchen,
Reception Hall and
Bath, SSO and S6O
B. F. SAUL CO.
925 15th St N.W.
Main 2100
1155555555555 s==Ss===gs —<=±
■ ■■ —i ■■■■■■ 1 ■ ;
Kite Homes ™
Just Where You
Will Enjoy Living
A group of Kite Homes are just completing
in that delightful* section of the Northeast —
3056-3110 Monroe St. N.E.
On extra big lots that give plenty of lawn and
garden space. Wholly detached, pleasing design, prac
tically planned—and equipped as Kite homes always
are—in the most modern way. Living conditions are
at their best—in the combination of these Homes and
this location.
Six room* and bath, with front, back and sleeping
porches; excellent floors and artistic fixtures. The
kitchen and heating equipment is the best.
Prices and Terms
Will Strongly Appeal
Open for inspection every day and
evening, including Sunday
Motor out Rhode Island Avenue N\E. and turn into Brent
wood Road—which will carry you right into Monroe Street at
these Homes—or take G Street cars—leaving them at Rhode
Island Avenue and Newton Street N.E.—walk a few steps down
Newton—taking the first turn to right over foot-bridge.
Built, Owned and Tor Sale by
K Street Harry A. Kite M ain4B4G
(Incorporated)
Member Washington Real Estate Board
—aa Kite Homes
This Is the Exhibit House
Wt&\ty Heights
4331 Cathedral Avenue
You are invited to inspect this Home, which has been com
pletely furnished in colonial period by Dulin & Martin’s Decorating
Dept.
Wesley Heights is a community of just such attractive Homes—
all Miller-designed and Miller-Built—with nature’s majestic trees
forming the background.
Its proximity to town—and its picturesque surroundings make
Wesley Heights the most charming section for residence in or
around Washington.
Home prices range from
$12,500 to $35,000
Representatives on the grounds every after
noon and evening —and all day Sunday
Motor out Mass. Ave. extended across WiS: Ave. into Cathedral
Ave., or by trolley to Diipont Circle —transferring to W., R. & E. Co.
Bus —running direct to Wesley Heights every hour ort the hour.
XI, W. C. 6? A. N. Miller m.T/so
REALTORS
Members Operative Builders' Association
!= — ——-ai-
Clark, Frederick A. Kenning, Charles
Linking and Henry 8. Matthews.
Fifteen hundred members of the
Modern Woodmen of America also are
holding- their annual at the
Beach today.
An elaborate athletic program will
be staged, including a tug-of-war be
tween A. H. Talcot Camp and the com
bined Central and West Knd Camps, a
race for boys under 12, a race for girls
under 111, race for unbobbed women,
race for bobbed women, dash for Wood
men. free-for-all dash and ball-throw
ing contest for women. Prizes will be
awarded.
Joseph Probst and James A. Moody
al-e in charge of the tug-of-war. The
other athletic events will be super
=====~~^j
; aI it i
Sales Smash
All Records
they are priced below
tsecause a ,. tuttl marhPt value
today.
Recamo the terms are as rea
necause BO nable as one could
wi«b for.
~c tl they are modem to
Dctclusc the minute and as
finely built as a man
sion.
As Low As
$8,650
Terms to Suit Purchaser
Drive out V Is. Ave. to Fessenden,
wf'Ht on Fpi»t>endfn to 17th. south to
simple home.
Washington
Real Estate Co.
1415 Eye St. N.W.
Main 833
■ S —""""TT! i SBSSSBSSa 1
vised by a. committee consisting of
William McCaffrey, sr.: W. W. Green
well, W. K. Patterson, Thomas J. C'or;-
n?Tly, L. W. Kline and H. M. Gilman,
Jr. Henry H. Millard, district deputy
of the Woodmen, is in general charge
pf the excursion.
I -GLENDALE-
For Colored of the Better Class
|
No longer a Subdivision, but a well
built suburban town.
We call your attention to a jew fea
tures of Glendale Homes.
1. Each home detached on its own large-lot with
an alley in rear, room for garage.
2. All home sites in Glendale on high ground,
wonderful views in every direction.
3. Examine the large porches with Colonial
columns, the color scheme as regards the surround
ing homes, the pretty electrical fixtures, and the
general appearance of these homes.
4. Look at the fine new school at 44th and Brooks.
51 Go around among any of 140 families who live
there and get their opinion.
i
We have groups of homes on 44th, Brooks, Clay,
Dix, Eads and 47th streets. We have a choice ranging
from a 4-room bungalow to a 6-room house. The price-,
range from $3,350 to $5,500.
The cash and monthly payments are very low.
Take the H Street car marked D. C. Line; get off at
44th Street Northeast; walk south to the top of the hill.
Remember, Glendale is all on high grounds. If you motor
out, take the Benning Road to 44th Street Northeast and
turn north to the new school. See representative on the
ground, w-ho will show you the property and explain everj
thing. Phone for auto service.
I
William P. Irvin
1410 G Street N.W.
Main 3908
!
■ Kite Homes
Charming Homes
In a Charming Location
The beautifying of Washington is developing Wis
consin Avenue into a wonderful boulevard, adjacent to
which are these conspicuously pretty Homes—the
prettiest of Kite designing—and the most painstaking
of Kite construction.
3800 to 3816 Windom St.
North Cleveland Park
—Sample Home—3Bl6 St.
They are wholly detached and surrounded by wide
lawns—beautifully planted—while within is everything
that will appeal to the women folks in housekeeping
convenience and facility.
Six rooms —perfectly appointed bath; spacious sleeping
porch; fully equipped kitchen; excellent floors and lots ot
roomy closets.
Price? —Less Than You’ll Expect
Terms? —Very Convenient
Our Mr. Hamilton is at 3816 Windom st. every day
and evening, including Sunday. Or you can make a spe
cial appointment for private inspection by phoning him
—Cleveland 1490.
Drive out Conn. ave.. turning ieft at Albemarle st., thence
into 38th st., or take Wisconsin ave. cars to just beyond tlie
National Cathedral, at Windom st.
Built, Owned and Tot Sale by
15M AT/" Ph
l -Harry A. Kite
Incorporated
Member Washington Real Estate Board
Kite Homes ~ , m ~
,i. ■!■ ■■■■—■■ ■■■■ ■ A Mi, ~ ~
A Few Dollars Each Month jfciif
* Will Pay for a lot in
WjtJ Charming, Peaceful VjF
ffl Garrett |t
ußfl The Suburb Ideal
jigl Rustic—Sylvan—Tranquil ySjrcl#
50W LESS THAIS 30 MINUTES TO CAPITOL
jgwS Sewer—Water—Electricity' mot
m[> SO New Bungalow |j|;
jfflnv iVhether You Want a lot or a Home— [
Jagr Now Is the Best Time f
wEi —to invest in Garrett Park, where
values are*rapidly increasing GtSfl
PRICES WITHIN REACH OF ALL
ftjjbyj Illustrated Brochure on Request. *ejrjy
jm ’ Proceed north on Connecticut Avenue reSSr
jJbQA to Kensington, thence half mile west to
Garrett Park; or North on "Wisconsin
WSfi 1 Avenue and Rockville Pike to Georgetown -alTrl
| Preparatory School, thence east one- IDjT
ot. Maddux, Marshall, fefr
i|jj Moss & Mallory, Inc.
mV 1108 Sixteenth Street
\ Main 8970 * vfh
1 Awaits Retirement.
Maj. William H. Kennedy. Kiel.
, Artillery, who has been under treat
r ment at Walter Reed General Hus
> pital, this city, has been ordered I
his home to await retirement.