Evening Star Newspaper, January 1, 1921, Page 19

FINANCIAD Tells of Measuring Star 300,000,000 Miles in Diameter Dr. George Ellery Hale Declares Betelgeuze Has Great- est Apparent Diameter—Recent Conclusions of Russell and Heartzsprung Confirmed. By the Aamciated Press. PASADENA, Calif.,, January 1.—Dr. George Ellery Hale, director of the Mount Wilson Observatory, near here, gave to the Assoclated Press an article he had written, describing the successful measuring at the observa- tory, Decembeér 18, of the star Betel- geuze, in the constellation of Orion, showing its diameter to be 300,000,000 miles. “On December 13, 1920, the diameter the bright red star Betelgeuze (Arabic for ‘The Glant's Shoulde in the constellation of Orion, was su cesstully measured on Mount Wilson, Dr. Hale write “The stars are so remote that hitherto it has not been possible to measure their diameters, in spite of the fact that many stars must be much larger than the sun. “In his_presidential address last August before the British Association for the Advancemeht of Seience, Prof. A. S. Eddington of Cambridge, fe- marked: ‘Probably the greatest need of stellar astronomy at the present day. in order to make sure that our theoretical deductions are starting on the right lines, is some knowledge of measuring the apparent angular diam- eter of stars.” Praises Michelson Deviee. “He then went on to predict that the ‘star with the greateal apparent diameter is almost certainly Betel- uze, diameter 0.051 second of ar The result just obtained is a remark- able verification of this predietion. he measurement was made with e 100-inch Hooker telescope by .ssrs. Pease and Anderson of the o telescope is powerful enough to measure accurately the extremely small angle subtended by the star. This_very difficult and delicate task i rendered possible by a method de- vised by Prof. Michelson, director of the Ryerson Physical Laboratory of the University of Chicago, and re- scarch te of the Mount Wilson bservatory. The article explains how a device based on the phenmomenon of inter- TAILORS ASKED TO GIVE UP WAGE INCREASE Exchange in Letter Seeks Co-Opera- tion in Keeping Down Pro- duction Cost. by President Henry | Qeorge E. Heb- ference of Ight, called an “inter-fero meter,” was attached to the 100-inch telescope at Mount Wilson and tested. Agrees With Caleulations. “After further improvements,” the article continues, “the Michelson de- vice was applied to the measuremeént of Beteleguze. “The measured angular diameter is 0.046 seconds of arc, in surprisingly close agreement with Prof. ding- {ton's calculation. While this is a pre- liminary value which will be im- |proved by subsequent measures, it is { probably cortect within 10 per cent. “To learn the linear diameter of the stas we must know its distance from the eafth. The three available meas- ures of the distance of Betelgeuse are not in very close agreement, but the average i3 probably fairly reliable. Using this value, the diameter of the star comes out 300,000,000 miles. In other words, it would fill the orbit of ars. Compared With San. “The coloskal size of Betelgeuge will be recognized when it is compared with the sun, which is lese then a million miles in diameter. The sun, if it were a hollow sphere, would con- tain a million bodies as large as the earth, or, if the earth were fixed at its center, the moon 340,000 miles away, could move in its orbit and have much room to spare. Yet, when We remember that the sun, in a state of very attenuated gas many millions of yeats ago, must have filled the en- tire solar system, we recoghize the possibility that stars even larger than Bertelgéuze may exist, “The new result beautifully confirms the tecent conclusi of Russell, Hertzsprung and other students of stellar evol A few years ago Russell showed that thére m o two great classes of stars: The ‘giants,’ the huge gaseous bodies in an early Btage of development, and the ‘which have condensed to the stage represented by our sun. “The successful measurement of the actual diameter of a stellar ‘giant’ shes the last link in the prepares the way for a promising extension Of ouf investi- gations on the formation and devel- opment of the stars.” THE WEATHER. District of Columbia—Rain tonight d probably tomorrow; warmer to- fight, lowest temperature tonight above freesing; fresh southerly winds. land—Rain probably tonight and tomorrow; warmer tonight; fresh southerly winds, probably becoming strong. Virginia—Rain probably tonight and tomorrow; warmer tonight; fresh southerly winds. ‘West Virginia—Rain tonight and probably tomorrow; colder. Recerds for Twenty-Four Hours. Thermometer, 4 p.m., 48; § p.m., 44; 12 midnight, 39; 4 am., 31; 8 am., 34; noon, 40. Barometer, 4 p.m., 30.16; 12 midnight, 30. 8 a.m., 30.20; noon, 3 Highest temperaturs 4 p.m. yesterday. Lowest temperature, 31, occurred at 4 am. today. Temperature same date last year— 8 p.m. 4 am, 3030; 48, occurred at re- Highest, 48; lowest, 29. 1o have the co-operation of the workers oo conditions. POLICE COURT JUDGE LENIENT ON NEW YEAR s my feet Burt” Tve heard of taking liquor for everything except the feet,” said the judge, “but T'll let you go because ft was New Year eve.” This the judge did in most of the cases that appeared before him this morning for over-lmbibing in New Year stimulants. Mr. Volstead notwithstanding. there Were 135 arrests recorded by the po- lice the last day of the old year. Twenty-seven persons were arrested for alleged drunkenness, five for hav- ing liquor in their possession, six for transporting; and twe for selling it Of this number, most forfeited col- iateral, and few cared to spend New Year morning in Two arrests were made for dis- charging in the street. One of these, Moy Lee, a Chinaman, was asked by the judge what he was doing cslebrating. when tbe Chinese New Year was still a long way off. Moy replied that he just liked to celebrate znybody’s New Year, and he didn’t have any “fiiheclackers to noise with” The judge made allowances for his enthusiasm and ignoraice of the law and let him go. One szoldier. belonging to the Tank Corps, admiited baving been very much under the weather. = “Keeping_up_your reputation as e tanker. eh?” asked the judge, and sent him back to camp. JOINS RESEARCH COUNCIL. ¥. G. Cottrell Retires as Director of Bureau of Mines. Resignation of Frederick Gardner Cottrell, director of the bureau of mines of the Interior Department for the past seven months, and a widely known cemist, yesterday was pre- sented to President Wilson through Becretary Payne. In presenting Dr. Cottrell's resignation, Secretary yecommended that H. Foster Bain California be appointed to the v eancy. The resignation is effective today. mben Dr. Cottrell plans to take up ‘his duties as chairman of the division of ch and chemical tecnnol- #gy of the National Research Council. Dr. Bain who has been recommend- Dr. Cottrell's successor, is a mining Hef work during the war. For a time duringvthe war he was assistant di- Fector of the bureau of mines, but at $he clase of the war retired o private He was at ome time editor of and ific Press of l‘:: beequently rst director of the Beological survey of Illinois. Jockey J. J. Mooney of New Orieans, ‘with twenty-four winning mounts. captured riding honors at the Jeffer- ®som Parish race meeting which ended today. It is the first of its kind for nce-revival of racing 1 New Oricasa 30.08 Tp-River Waters. HARPERS FERRY, W. Va., Jlnnz 1.—The Potomac and Shenan 7 L (U T New York... 30.2 29.96 Philadelpbia. 30.24 Phoenix. Ariz 30.08 Pittsburgh . 29.96 8. Lake City 30.32 i =l 28 8. Francisce, 30.2 st .58 BRSNS URILRLNITSANGRVERECANERELY SRSSSRESSRRERLED: EUSRRN: SR2VERBYY b GETS BOX OF MUSHROOMS Fred J. Braendle Gathers Supply | 2,5/ in Soldiers’ Home Woods. Fred J. Braéndle collected a box of per- #onata—yesterday in the Soldiers ‘Home of this mush- room have been collected there every eek since October 15, Mr. Braendle says, and there are many left. The cold weather takes away their otherwise bluish-purple color, he says, but otherwise are like persim- mnnifimty and wholesome with frost. Mr. Braendle states that the mush. rooms make a particularly fine dish when, cooked a I3 fricassee with or without meat. ——e MUMMEES IN BIG DISPLAY. Philadelphia Celebrators Watch Parade in Fancy Costumes. PHILADELPHIA, January 1.—The Mummers — Philadelpbia’s _combined New eYar associations—took posses- sion of the city today for their an- nual parade, in which 12,000 mum-| mers, representing twenty clubs. com- peted for pries of more than $12,000. Comic displays, elaborate floats, fancy costumes and string sought their various divisions to out- do other, and thousands of spec- tators, many of whom had stayed up, all night after the New Year celebra- fon in Order to witness the early s of procession, thron, T Siread ¥ : i ran special trains from points within a 200-mile radius of the city, bringing additional throngs which taxed the capacity of the ho- 5. ‘The prediction of continued mild ‘weather heartened the men who con-|from the templated a chilly time of it in their feminine costumes donned for the e. —_—— RADICALS HURL BOMB. sons were wounded. In the that followed the Socialist Schifo was injured. ‘The the that the bands; velopment icted FHE EVENING STAR, SALUKDAY, JAMUAKY L _1y21-PAky Perfects Device for Measuring Stars PROF. ALBERT A. MICHELSON, Seientiat of the Univeruity of Chieago. CEEm e e e PENROSE OPPOSES TARIFF MEASURE Senator Objects to Emergen- oy Bill, Also Soldier Bonus, He Indioates. ' Opposition to the House emergency tariff bill and to the passage at the present mession of the soldier bonus bill was indicated yesterday by Sen- ator Penrose of Pennsylvania, chairs man of the Senaté finance committee, Who has returned to Washington after an absence of more than & year, due to fllness. In a talk with newspaper corre- spondents, whom he received yester- day afternoon at his in the Wardman Park Hotel Senator Pe said there would be an early mulln{ of the finance committee, probably Monday, to consider the emergency tariff measure designed to aid the farmers, who have been hard hit by the present fall in prices. States His Pesition. “I don’t look with any amount of enthusiasm on any emergency tariff legislation,” said the senator. “I think that the tariff and revenue are questions that ought to be taken u as & whole in a careful, thoughtful dignified way, after full conferenoce with the President-elect and whoever may be Secretary of the Treasury. Senator Penrose was asked whether he agreed with statements that high tariffs would restrict trade with Eu- rope, limiting Europe’s capacity to ’%tmbttdnc. to America. ere is & deal in that” he answered. e _can't expect foreign nations to pay off their debt to Amer- ica If we don't give them an oppor- tunity to trade with us. War condi- tions make it very difficult to frame a scieatific bill.” Bonus Bill Disemased. Regarding the soldlers’ bonus bill Senator Penrose eaid: “I believe ia doin, for the soldiers that will meet cond! and be satisfactory to them.” added, however, in response to & question whether the bonus legisla- tion would be pressed at this session that the bonus legislation was ‘“‘very intimately involved with the ques- tions of raising revenue and the new somethin wide sentiment among business inter- ests against any tariffs that would curb American commerce. “I am as strong a man as ever,” the senator continued, “but I am not prepared to vote for any particular measure. We can’t expect nearly as much revenue from tariff as from di- rect taxation.” Touches on Internatiomal Issues. The senator declaréd he had not taken any particular interest in the discussions at Marion regarding fu- ture international relations. “I. don’t think it matters much in that respect, who is retary of State,” said the senator, “for I think Congress will blaze the way, par- ticularly the Senate, and 1 don’t think Congress will take any program from any Secretary of State, no matter who. he may be.” Senator Knox of Pennsylvania, who returned yesterday from Marion, calls ed on Senator Penrose. who tomorrow ‘will receive members of the Pennsyl- vania delegstion in Congress and oth- er friends. The principal evidence of Senator Penrose’s long iliness noted by visi- tors was a loss in weight. The sen- r is able to walk, but has ths use chair. He said that h be at his office at the Capitol early next week, and planned fre- quent visits there. Several of the rooms of his hotel suite have been ar- ranged for office purposes. D. C. GIBBONEY, COUNSEL FOR BERGDOLL, DROWNS Draft Dodger’s Attorney and Three Others Capsize in Boat in Gulf of Mexico. PHILADELPHIA, January 1.—D. Clarence ~ Gibboney, attorney for Grover C. Bergdoll, convicted draft dodger and fugitive from justice, end three other Philadelphians, were drowned Wednesday in the Gulf of Mexico, near the port of Chenkin, on the coast of Yucatan, according to a telegram received here by friends. The others who were named in the telegram as having lost their lives when their small sailing vessel cap- sized, were John R- kley, pro- moter and directors general of the defunct International Lumber and De- Company, who was con- i in 1914 of using the mails to defrand; Lawrence ‘kley. his son, and Prank W. Shriver, formerly presi- dent of the international concerm. Buckeye Tossers Cop. COLUMBUS, Ohio, January Minus seversl first string players with the foot ball team at Pasadena, Calif., Ohio State last night defeated 1 the hlgy span brought the Buck: and won the game. tions | cePtd He BANKING SYSTEM STANDS THE MOST SEVERE TESTS Frozen Credit Will Be With Us for Some Time, But Conditions Are Distinctly Better—The Tide Has Turned. BY STUART P. WEST. NBW YORK, December 31.-The year ends with the reserve ratio of the twelve regional banks substan< tially the same, a little higher in fact, than it was at the start, and this of itselt is @ rematkable and « most ‘teaseuring achievement. It Imeanw that the banking Eystem has gone through the most trying of ordeals without any loks of grount ‘There has béen an enorteus fall in loans secured by government War pa- Per and this fits in very closely with the statement that Wall street bor- rowing {e at the lowest ebbd in a gen- eration; in othet words, that the speculative account cartied with bor- rowed money is the smallest in very many years. On the other hand, while loan ex- pansion {n commercial lines was cheoked six months ago, vety little Pprogresa has eo far been made toward reduction. The phrase “frozen credits,” Which will always be associated with 1920, 18 still unfortunately pertinent as the year clowes. Why Thaw Is Postponed. The three things which are holding back the thawing-out process are the refusal of farmers to sell thelr grain and cotton and other produce at prices which they claim to be below cost of production, the feluctance of the general body of relailefs to take their lossés the way manufacturers and whol e merchants have taken theirs and finally the necessity of con- tinuing enormous advances to the ex- port trade because Huropé and Bouth America have no ready cash to pay what they owe. Liquidation of bank loans, despite these obstacles, is bound 6 come, and aB it comes a supply of money will be reléased that will gradually overtop the demand and force interest rates down, This constitutes a hopeful out- look for investment securities. They face the reverse of the con- ditions which pressed them downward #o continuously from 1914 to 1919— namely, the advancing tendency of in- terest rates, the increasing cost of living, and the constant depteciation of the purchasing power of the dollar, These were the forces which put all securities of fixed yield down and the reversal of these forees will just as surely work to put investment prices up. The outlook for speculative stocks is mueh more obscure, but it is very gen- erally agreed that the great mass ot théss have seen the worst, that their recent low prices more t! diss counted the losses which industrial companies have suffered or will siffer duting the present period of depres- sion, Priees Below Cost ‘The most hopeful thing that ean be #aid of the commodity markets like those for wheat, cotton, sugar, wool, tobacco and leather—Is that all these products are selling below cost, afd that such a condition can obviously hot last, because people will not keep on producing if it has to be done at a loss. That the tide has turned in some other countries, especially in Great Britain and France, is sufficiently in- dieated by the latest trade figures, which show that Great Britain will end the year with a substantial bal- ance on the credit side and that in Frante government expenditurs has been brought within the limits of vernment révenue, while imports ave been brought down nearer to the level of exports than they were even in the ordinary pre-war times. (Copyright, 1921, by 8. P. West.) Four Killed in Auto Crash; News From Many Pointsin U.S. Mexicans Release Lieutenant of U. S. Infantry and Five Men—Lincoln’s By the Aseociated Press. CHARLOTTE, N. C, January 1.— Mr. and Mrs. P. . Deal, E. M. Deal, thirty-six, and Miss Lena Belle D‘:‘l, thirteen, son and daughter of E. M. Deal of Newton, were killed outright and Beona Deal, eleven-year-old sis- ter of the two latter, was critically injured whes the car in which they were riding was struck by an incom- ing freight at 6:45 this morning at a grade ing near the city limits. MILFORD, Mass.—Mrs. Ann Cham- beriain, who as a girl in Springeld, NL, was a nextdoor nelghbor of Abraham Lincoln, died here. Mrs. Chamberlain__ recalled almost daily, visits from Mr. Lincoln, who, she said, would always ask, “Is Miss Ann handy? and when she appeared would give her a simple present. NEW YORK.—Gen, Robert Georges Nivelle of France arrived here from tour of western and @outhern states. Before salling for home January 6 on the steamship La Lo raine he will attend numerous re: ons, dinners and other events in his honor here. ALBANY, N. Y.—The plurality of President-elect Harding over V. Cox in the vote of New York state for President was 1,089,929, the state board of convassers reported. The vote, which includes the ballots cast by soldiers and sailo: ‘was: Hard- ing, 1,871,167; Cox, 781,238, BOSTON —Lieut. Gov. Channing H. Cox, governor-elect, stopped a pair of runaway horses a short distance trom a group of children, who stood terror-stricken in their path. He was motoring to the statehouse through the Fenway when he saw the horses break away and bear down on the children. ARDMORE, Okla.—The trial of Mrs. Clara Smith Hamon, charged with mur- wder {n connection with the death of Jake L. Hamon, will probably be held late in February or early in M: , it was said by District Judge Thomas W. cr);::xplon. before whom she will be t . ROCK. Ark.—National Guard troops stationed at peniten- tiary here as the result of a reported plot to free many of the convicts, fired several shots at a man discovered prowling outside walls with a searchlight. Due to the darkness the prowler escaped. MACON, Ga.—George (Buster) Bon- ner, thirty-year-old negro, charged with the murder of A. 8. Jones, farmer of Jones county, a week ago, was rroun_:h to the jail here for safekeep- ng. in the murder are in jall at Gray. of these three, Bonner is sald to have charged, wielded the axe with which Jones’ head was split open. The mo- tive was robbery. ATLANTA.—Madge, ten, and Mary Frances, six, daughters of Chester Guinn of Oakhurst, a suburb, were killed by an automobile, which was wrecked after striking a small cart the children were pushing. NBW YORK.—W. 8. Mitchell, a New York lawyer on the confidential staff of John D. Rockefeller, sr. dropped dead while conversing with John D. Rockefeller, Jr., the latter's Acute indl; was given as the cause of death. CHATTANOOGA, Tenn.—Increased activity of violators of government anti-narcotic Jaws in Tennessee has brought @ request from the revenue department for information concerning the number of cases now pending in the federal courts of the state, and this data is now being gathered by George Dfl.:er, state agent in charge of this work. NOGALES, Ariz—Lieut. Harold fantry, and his detach- ment of five United States soldiers, who had DETROIT.—A squad of state troop- ers, who had raided a downriver hotel and confiscated a small whisky, were besieged by a crowd, in- cluding w‘ schoolboys, who snow- balled the officers. The troopers, be- ing worsted in the encounter. were forced to summon aid, which arrived in two police flyers. CHICAGO.—Boxing in universities! n an _exercise was | children. Neighbor Dies. by the Fidelity 4 f: o extate of the late P, T. Hallahan, for $550,000. SAVANNAH, Ga.—Refusal of the Pullman Palace Car Company to per- mit the parking of its cars here during the proposed imperial convention, No- bles of the Mystic Shrine next summer may losé Savannah this convention. = P INDIANAPOLIS, Ind.—A temporary injunction against union labor men at Shelbyville who, it Is alleged, have been using force and threats in an effort to unionize the furniture manufactuting concerns of the city was granted by Judge A. B. Anderson in United States district court. RICHMOND, Va. by the state automobile tration bureau in 1920 amounted to $1,825,000, all of which oonstructit pair- of rou!‘:'g. H. H.:n ahhlr.' { ames H. :'I‘:rklnmmesof ot 20x100 feet, was bou Trust Compan; rvn‘htz the secretary of commonwealth, announced. DOUGLAS, Ariz—A thirst is the only passport into wet Mexico for twenty-four houri effective from midnight last nigh Mexican immij- gration officials nnounced that Americans might cross into the old frontier town and border oasis of Agua Prieta without the customary passport restrictions. LINCOLN, Neb.—C. A. Sorrenson, chairman of the Non-Partisan League of Nebraska, issued a call for a mass meeting of man and woman voters, to be held at Lincoln, January 19 and 20, for the purpose of making de ds on the legialature for “constructive program of economic, political and social progress.” SAN ANTONIO, Tex.—Six barracks at Camp Furlong, near Columbus, N. M., were destroyed by fire Thurs- day, which entailed a loss of $200,000, :ccordlnr to a telegram received ere. LITTLE , Ark.—The ware- house of the Scott Cotton Growers' Association at Scott, elghteen miles east of Little Rock, wa« destroyed by fire. There was approximately 3,000 bales of cotton In the warehouse and the loss is estimated at $300,000, which was covered by insurance. The cause of the fire is unknown. NEW YORK—Edward Payson Vin- ing of Brookline, Mass., pioneer rail- road official and formerly associated with the Union Pacific railroad and the Gould rail #ay interests, 1]&6 hsr‘ -law, Dr. N. F.—The coasting steamship FEuphrates foundered _in Conception bay, ca g down her wrew of six, it is learned. eous reports said she had arrived safely at Carbonnear. ORLANDO. Fla.—J. P. Winter Park was arrested here, charged with having shot and Kkilled Mrs George E. Ryan as she drove to her home in Golden Rod, near here, accompanied by her husband and Police said Wilson told them a story that indicated jealousy was the motive for the killing. TWO SKELETONS FOUND. Soldier Mental Patient Believed Dead More Than Year. NEWPORT NEWS, Va., January 1.— The skeletons of Thomas V. Barnes, Company I — Infantry, was found today in the loft of a barn mear the former general hospital for mental patients in Elizabeth City county. The man had been dead more than a year, and it is belleved he wandered into the barn and died from hunger or exposure. v GREENSBURG, Kan. January 1. The War Department has been asked by the coroner of Kiowa county to eld in efforts to identify the man whose skeleton was found, clad in I.H'AHHY been hidden at least two years, and that no evidence was yet available as to the cause of d ENGINE TROUBLE AT SEA. 2 IS TONIC FOR GRAIN MART CHICAGO, Januaty 1-—Broadening of demand from millers this week, has done much to revive bullish sentiment in the weat market. pared with a week agv, wheat today was 1% to 4 cents net higher, with corn rahg- ing from 2 tents decline to 3 cent ad. vanee, and oats up % cefit to % cents. In provisions the net ehanges vari from 42 cents setback to a rise of 10 cents. Upturns in the wheat market were preceded by considérable de ofi& due chiefly to weakness in ootton an stocks. Later, however, the afrival o a large number of vessels at G veston to load wheat for Europe tended to_put the bears at a disad- vantage. Reports of widening out of dome wheat prices climbed to the highest point in three weeks. Talk became current in this connection that flour stocks throughout the United States were low, and that the bulk of wheat accumulations at present in sight were owned by experters. Some sell- ing was afterward Induced by_the eafish showing of the Bank of Eng- d weekly statement. On the othes hand, the Chicago Federal Reserve bank announced that credit stringéncy in the middle west had diminished. Indications of an inctease in the movement of corh from farms threw weight against any material advance in_the price of corn or oat Decliges in the value of hogs made provisions average lower. DOMESTIC GOODS TRADE BUT LITTLE COTTON AID NEW YORK, January 1.—Reports from the domestic goods trade have been regarded as indicating some lit- tle Improvement, but haraly sufielent to create any very decided sentiment. Sales of print cloths in the Fall River market for the week were estimated at 75,000 pieces, or about the same as for the previous week, but consider- ably better than the fecent average, and it is repofted that the acceptance of reduced wages by New England mill operatives Is to be followed by the starting up of seme of the mille which have been closed for a good part of the past month. About thifty notices have been is- sued 80 far ng-lnat Jantiaty contraets, The flam do-'tnese v;ere‘ ‘prnmpgi stopped, and January went to a pre: mhn: of about 65 points over March, but later notices were allowed to eir: culate causing some irregu Fity. Liverpool buying here to cover the short end of straddles has been at- tributed partly to a desire to estab- lish losses before the first of the yeat. FOREIGN TRADE NOTES. The British dyestuffs bill, prohi 1ting the Importation into Great Bri ain of foreign dyes, has become a law. Chambers of commerce of Baxony have urged the prohibition of the im- port into Germany of foreign lace rtains. O s reported from South Africa that sunplics of agricultural machin- ery are bteing received more freely, several American shipments having arrivod. i The export duties on German alumi- num vf’llell.l ots and pans have been uced b; 3 "gon-dh: exports to South Africa September amounted to $3.- 234,000, lnbcnmlr:lr’lson with $359,000 tembsr, E “Ar %:‘:vengunuon by the Polish dlet removes the import duty from seven- -five_commoditie: ty‘l‘::’nnuan restrictions on the im. portation and sale of mineral oils, includir.g wasoline, kerosine and fuel olls, nnv‘r in agtuecdt, will be removed on, it 8 reported. 'o'l'flnldld nr‘v’n- are reported to have decided to import frosen meat from either the United States or Canada owing to the abmormal rise In ti price of Venesuelan cattle. British Guiana has decided to pro- hibit the export of rice or paddy for twelve months, and even after that time exportation will be subject to the decision of v.ae coreshues inese financiers af hglho formed a company With a capl- tal of go.noo.:;\n francs for the pur- e run § s o t in':reno‘a-xrmg October in fic at tfe port of Hamburg with the previous month, is still only ope-third of that of pre- War years. Goneul reports from Rome say Ital- fan import duties, when paid-in. paper instead of gold, will be increased 200 per eent instead of 100 per cent, as viously announced. l":rehe ox km prohibition on the ex- port of rice from Siam is to be lift- ed soon. The raising of the embargo is expected to stimulate greatly the exvort trade of the country. During September a total of 100.- 882,417 kilos of coal was imported into Brazil. Of this amount 87.885.- 463 kilos were American coal and 12.942,954 kilos British coal. The new Swedish regulations re- garding the uses of artificial leather in shoes become effective immediate- ly. This is of special interest to e an 8| B AR to domgmle the Swedish et. m';"l‘-: American consul at Athens ad- vises that there is an active demand in Greece for petroleum products. Kerosine, however, i8 a government nopoly. T Gabiea’ reports from the Baak of Japan have stated regarding Novem- ber that “the tendency to diminish stocks in every line of industry was distinctly apparent” but that “de- mand for winter goods was strong. and it was observed that the financial situation was becoming more stable. New issues of bonds have continued and all are oversubscribed.” —_— New York Bank Statement. NEW YORK, January 1.—The actual condition of clearing house banks and trust companies for the week shows that they hold 311,043,880 reserve in excess of legal requirements. This is a decrease of $19.515,650 from last| bl condition Iscrease. | 5. . Loamar discounts, ete. 35274451000 - Cash In_own vaults: | members federal re- serve k . 101,718,000 *534,000 bank .. Reserve in federal re. 524,891,000 *17,286,000 | Summary companies in Greater New York not: included in clearing house statement: Actoal conditions. 5 ic milling dmand followed, and |2 19,017,600 52,608.000 610,089,500 pa in York city and Unit- tates deposit ts., 581,261,900 Toronto U. Wins at Hockey. _FINANCIAL MILLS BROADER DEMAND |BRISK DEMAND FEATURES |YEAR-END HALTING CLOSING WEEK OF 1820 NBW YORK, January 1.—The closing week of a remarkable year in the sécurities market was enlivehed by a brisk deiand and censequent al recovery of many representa- ive shates, eapecially rails, together ;mh -mta olt a relaxation of the pro- strain, £ 5“1 latibn and short selling of speculative stocks continued, how- ever, the further reaction being trace- able to the weakened techpical posi- ¢ | tion of certain jssues and the obvious purpbse of corporate interests and i dividuals to adjust losses against in- cote tax payments. lsappointment was expressed at the nce of more than a tentative Janwary reifivestinent demand, but this was partly attributed to the be- Uef that investors 2s a class are aollllng aloof in expectation of a eating of the financial atmosphere. Yéar-end settlements were aceom- plished without the slightest disturn- ance to money rates. Few if any new 16ans for ‘more than modetate amounts were negotiated, practically all accomimddations being restrieted MARKED THAN IS USUAL NEW YORK. January 1.—Dam's to« morrow will The year end halting in Dukithess is more marked than unsual, but indica- tions of improved =éntiment multiply, 'l':c geperal situation continues wery unieven, as was to and different trades and |-=M lustrien have apparently not yet rcached the point where a decisive turn for the better seems imminent. Some importanc bas lines, however, have gained a little in activity, and the reappearance of a broader demand afier a projonged period of waiting has given rise more confident hopes. One of the e couraging features at the turn of the vear are the preparations now under way for an early renewal of opera- tions at certain manufacturing & tablishments. While restriction of output is still the predominant con- dition, and al most_attention, the curtaliment hak been cheeked ac some places in the east, and - ductions are not infrequently L] accepted as an alternative to unem. to_renewals, including a goodly per- |3 centage of commereial er. There was eonsldemb';:,paivernnm of epinion among bankers respecting the immediate future of the money market. Conditions in that quarter, it I8 generally believed, must of nece: sity be governed by developments in general business and industry during the first few months of the new year. Asiother potent factor in the money situation will be the attitude of mer- cahtile ifterests toward price read- justments. Further and more drastic reduetions by jobbers, middle men and fetailers are expected as a natu- Fal concomitant of inventories now in P the toret n e foreign exchange market lit- :l:r r:{l!&gl;n:onked for until the mat- an_reparations as definite form. Pending »ulmf::tm 'n'v that question, American bankers, it is understdod, are unlikely to engage in ional underwritings. HUGH H. JANEWAY, NOTED TIGER GRIDMAN, IS DEAD NEW YORK, January 1.=News the death in Philadeiphia of Hugh :;f Janeway, fafous Princeton foot ball :Lr;l;!:‘:: deputy :‘\\lleclor of inter- ', WaS rec lh; & 'l\ ved here today at ;A New Year party given by Willlam . Edwarde, coilector of internal Mr. Janeway, who was & member of 'nan:l Princeton 'sbs ohlmppionll!p lo;:‘t team, was born in Plainfield, December 3, 1865. FINANCIAL QGiltedge First Mortgage Notes, secared on D. C. Real Estate, for sale. Thirty years’ experience without a loss to & client. We attend to all Percy H. Russell Co., S.W. Cor. 15th & K Sts. NW. ‘Joseph 1. Weller S Wau L, & Tree 727 Fifteenth Street N.W. ‘Washiagten, D. C. THE NATION’S HOME TOWN. Man The cleverest eoloring in the manu- facture of artificial eves by women. who appear 1o have a 8in- gular aptitude for successfully Blend- ing the pigments. MONEY TO LOAN —on improved Real Estate Prompt transactions. Prevail- ing interest. Thomas J. Fisher & Co., Inc. Real Eitate Brokers 738 15th Street N.W. SBAFELY INVESTED ia Netes Secured by FIRST DEED OF TRUST oa IRPROVED REAL ESTATE in the District of Columbia. Interest 7% H. L. RUST, 912 15th Street N.W. 418t YEAR COMPLETED Amsets ......... SAZIROIHE Surples ........ $100008501 Save Systematically Daring 1921 Biling » Asmciticn e ¥y 915 F St N.W. JOHN JOY EDSON, President FRANK - P. REESIDE, Seey. is a creature of habit. Many habits are good. Some are bad. Thrift is a2 good habit that thousands never have formed. It takes effort to save a part of your earnings. Once you overcome the desire NOT to save, saving becomes a habit, and thrift then is easy. Start the New Year by saving regulariy Over a Quarter of a Centary Without a Loss. return. Iz Amounts of and systematically. Our First Mortgages offer an ideal in- vestment for the safe placing of funds and at the same time offer an adequate 250 and Up. B. F. SAUL CO. Mortgage Loans Automobile I Fire Insura; Managers of Kstates d Rental Properties urance 934 N. Y. Ave. N.W.