Evening Star Newspaper, March 15, 1921, Page 28

I, Deege & for fiscal year _lo..-% IE \l'fi. net income, 1 ntum d Pederal taxes, of r &u& or fi,h slare earned on $5,257,17 NI I I P You Can’t Get Around It You can't get around the old saying that success means carning ten dollars and spend- ing nine dollars, while failure means earning nine dollars and spending ten. Spend less than you make if it ta the only sure road toward getting along, e e ——— T e C O X I I Y YT YY YY XY X1 XY XX JIX ) 6 net LET THIS BANK HELP YOU PHONE MAIN 572 for our Daily Dime Savers, the irresistible THRIFT BUILDERS SECOND NATIONAL BANK 509 Seventh Street, N.W. common stock after deduction of pre- ferred dividends. or $16.67 a share. a leg. THE EVENING -GRAIN SUPPLY. NEW YORK, March 15.—The visi- ble supply of American and bonded grain shows the following changes: Wheat, decreased 1.423.000 bushels. Corn. inereased 3,065,000 bushels: Oats increased 136,000 bushels: Rye, decrensed 37,000 bushels: Barley: deereased 115,000 bushels: FOR SALE One New Model Stearns-Knight touring car. This be sold at a reduction of $200t R. J. Reynolds Tobacco Company reports net earnings, after all charges and federal taxes, for 1920 of $10,691,- 294, equal, after preferred dividends, to $3.87 a share of $25 par value | earned on the $60,000,060 combined, compared with 311,272,754 in 1819. Sw |plus gmounied to §6,651.204, ageinat .- 72,7154 In the preceding income amounted to R R, a little ‘This is car carries the factory guarantee and will Southern Garage Co., Inc. 1507 14th St. N.'W. Phone - Main 5579 POWER PUMPS PAINT OIL TANKS OIL FILTERS OILING SYSTEMS CARLOAD STORAGE TANKS KEROSENE TANKS for STORES LUBRICATING OIL TANKS STORAGE and DISTRI- BUTION SYSTEMS for DRY CLEANERS Look for the Bowser Piston-Type Pump Know What It Means to You WHEN You Drive Up To a Bowser Piston-Type Gaso- line Pump you are sure of good gasoline service. * & < The Bowser Piston, (the result of thirty-five years’ of scientific development), forces exactly the same quantity of gasoline into your auto- mobile tank at each stroke. A special vacuum breaker prevents gasoline being retained in the hose. These two features assure Accuracy of Measurement. Every drop of gasoline passing through the measuring cylinder must be delivered into the automobile reservoir. * A speed of twenty gallons per minute saves your time. ’ Separation of Moisture from Gasoline is ‘ Essential. All gasoline accumulates moisture by condensation. Moisture in gasoline retards combustion. Slow combustion causes carbon. The unique Bowser Centrifugal Filter, through which all gasoline passes during dis- charge, positively extracts moisture and all foreign matter. This facilitates combustion, thereby decreasing the deposit of carbon. Fight carbon with Bowser Service. S.F. BOWSER & COMPANY, Inc. FORT WAYNE INDIANA OLDEST AND LARGEST MANUPACTURERS OP OIL 8 - AGE AND MEASURING EQUIPMENT IN THE wo:‘;}: 8. F. BOWSER @ COMPANY of Texas L - Dallas Ask for New Bowser Booklet **Good Gasoline Service.™ A Post Card Will Bring It to You. WRITE NOW. L PISTON -TYPE MEASURING PUMPS ) [ i (3 | n [ 4 ‘ [ i (4 i (4 ; [ 4 ! i [ i o 0 [ 4 n [ 4 ! | (4 l [ 4 ! l [ l ® ! | [ 4 | ® j [J ; [ i [ 4 | [ 4 ! j ® | [ 4 i (4 0 i | il \ STAR, WASHINGTON, D. C, SEES IN WAGE GUT AIDTONORMALCY Business Conditions in North- west Reported Improving. Trade Elsewhere. BY L. 8. McKENNA, Epecial Dispateh to The Star. BT. PAUL, Minn, March 15.—Al- though the proposed salary read) ments In railroad and packing indus- trles will cost wage-earners of the northwest several thousand dollars monthly, it will do more to return business to a normal basis than any- thing yet attempted, in the belief of business intcrests of St. Paul and Minneapolis. If the decrease in rall wages is aliowed It is certain that both freight and passenger rates on the roads will be reduced. Once the frelght rates are slashed tho con- sumer will begin to feel the effects of the drive against high cost: “Rail Prestdent's Views. ‘While almost everybody believes a cut in railroad rates would follow a reduction in salarfes of all rail work- ers, it remained for Charles Donn. president of the Northern Pacific, make the first formal announcement of a probable cut. Mr. Donnelly’s statement, made here trip to New York, said: “The Northern Pacific Railway Com- pany favors some readjustment in railroad rates, as may to admit of fr movemen! "~ CORNS Doesn’t hurt a bit! Drop a little “Freezone¥ on an aching corn, in- stantly that corn stops hurting, then shortly you lift it right off with fin- gers. Truly! Your d st sells a tiny bottle of “Freezone” for a few cents, suffi- cient to remove every hard corn, soft - corn, or corn between the toes, and the calluses, without soreness or TUESDAY, MARCH 15, today upon his return from a month’s | 1921, et in business, but that he could not help think the country was on the eve of better things. He asserted the Northern Pacific was in excellent shape for a business revival. Reduced Rall Fares. A reduction In rail fares will forestall a railroad rate war which is on the verge of breaking out, rail officfals tn St. Taul declare. The first attempt to cut rates came when the Great North- ern and Chica aukee and St Paul_roada put in home-seeker ratos The Chicago and Alton lines widened the ach by announcing they intend to into effect a passenger rate of 2.6 m June i to eptem- a general reduction in rates by the Interstate Commerce Com- misslon will prevent a rate cutting con- business conditlons of the the past week ha shown change, but conditions are im- of St. Paul banks are point- A big increase in deposits since bruary 21, as proof of a business re- { vival. Banlis in the loop district show o #uln of over eleven miilion duilars in deposits since the last national bank call. Outlying banks also report big gains. Cotton Farmers in Texas Will Diversify Their Crops DY JAMES R. RECORD. Special Dispatch to The Star. FORT WORTH, Tex, March 15— The Texas {armer, struggling to_ get back on his feet and to recover from iast years disaster. is turning away from cotton, according to & survey by ninety-elght banks just completed The National Bank of Commerce of Fort Worth sent out the Qquestion- | naires. The replies from the ninety- elght show that farmers, now on the threshold of the cotton-planting sea- son, will seek other crops this year. The cotton acreage, according to the banks' survey, will be cut 458 per The canvass was made among 1,100 planted 96,000 acres. plant 56,000 this year. The banks have been urging the farmers to reduce their cotton acreage and depend upon other crops. The result of this campaign, as well as of the survey, is being watched by merchants and cotton factories alike as indicating the probable size of the Texas crop next fall Stockmen See Improvement. The Texas stockman has begun to cee some improvement in the money and market situation. Prices sud- denly improved over last fall and leaders of the industry profess to see_some change for profits again. R. V. Colbert, president of the First Bank_at Stamford, Tex.. an breeder, says money is get- ting easier and that the outlook for continued improvement for the ranch owner is flattering. C. M. Sargent, another extensive rancher of west Texas, likewise reports an‘easing up in the credit situation for-the Texas stockman. Money can be procured now at better terms and more boun- tifully than a few weeks ago. Merchants Buy Sparingly. Traveling salesmen report that mer- chants still are buying sparingly in the small Texas towns, especially in the farming communities, but that their trade in the cities is increasing. The retafl trade in the oil districts west of Fort Worth, at a_standstill in February, has shown a tremendous gain In the last ten days, due to the revival of drilling and the reopening of refineries. In the Burkburnett territory, whe: only two refineries have been run- ning regularly for the last few weeks, heavy shipments of products have been resumed. Easy Feeling Is Reported in Pittsburgh Steel Area BY H. B. LAUFMAN. 1 Dispatch to The Btar. PITTSBURGH, March 15.— While there have been wage reductions since January 1, the downward revision in this district could not be called gen- eral. The United States Steel Cor- poration, employing a vast army. has not lowered wages. Judge E. H. Gary, chairman _of the corporation board, announced his views on the subject some time azo, and since he has left New York on a vacationm, it is as- sumed that there has been no change {rritation. OVER AND DOES. IN THE WORLD. THE SUCCESS OF PRISE AT THE SHOW—I FOUR ON EXHIBITION THE ENTIRE WEEK. TOMOBILE VALUE AS IT HAS NEVER BEEN E—IT IS THE ONE EXAMPLE OF THE POPULAR ESTABLISHES THE VALUE AND DESIGN WHICH IT ANSWERS AU ANSWERED BEFORI CAR OF TODAY AND MEET THE DEMAND OF THE TIME. IT HAS MADE GOOD IN THE HANDS OF THOUSANDS OF SATISFIED DRIVERS—THEIR ENTHUSIASM, EXPRESSED BY PRAISE FOR ITS ECONOMY, BEAUTY AND POWER, KNOWS NO BOUNDS. 33 YEARS OF SUCCESS IN BUILDING GOOD VEHICLES HAS PRODUCED IN THE GARDNER LIGHT FOUR A DEPENDABLE PROD- UCT FREE FROM THE COST OF EXPERIMENT. IT WAS ‘DESIGNED TO MEET THE DEMAND OF 97 PER CENT OF ALL CAR OWNERS— Wayne-Smith & Company, 22d and M Sts. NW. Member Washington Amtemotive Trads Amoclation, | in the comzern’s wage policy. Reductions have been accomplished TN GARONER RIT/SPEAKS_FOR;ITSELE? THE SHOW’S SURPRISE 1920—THE SEN’SATION OF 1921—THE ONE SUR- DON'T MISS SEEING THE GARDNER LIGHT THE LOWEST PRICED AND EASIEST CAR TO OPERATE OF -ITS CLASS THE GARDNER MOTOR CO., INC. ST. LOUIS, U. S. A, Telephone West 2007 without disturbance. Independent steel producers have announced cuts of about 20 per cent. This, in fact. seems to be the extent to which the independents believe wages should be lowered to meet existing conditions and stimulate trade One of the independent coke pro- ducers in the Connellsville district has Jowered wages, but others have not followed the same course. and {the H. ¢. Frick Company, a United Ntates Steel subsidiary, is maintain- | ing its scale, | " In various le#t important lineg re- adjustments h: been announced. In | thec bullding trades, which are strong- 1y unionized, no reductions have beed made. Strong appeals have been made to the unfon leaders for revi- slons which would have a tendency to stimulate bullding, now at low ebb, but the men are making a united ef- fort to hold the advantage galned durlng the war. ¢ As a result of wage revisions, some peculiar comparisons appear. For in- stance, common labor in the Inde- pendent steel plants is being paid 37 cents an hour. These plants are open |shops. In the bullding trade, where the men aro unionized, common 1abor is recelving 80 cents an hour. Tho volume of mercantile trade is holding up. More than elghty thou- sand dollars was spent here this week for four performances of grand opera. * ok ok % ‘Business Notes. more buyers and purchasing agents in New York today than at any time since the close of the war. The New York Times this morning prin s0lld columns of buyer arrivals result is a great rush of orders for immediate delivery. The degand in some lines exceeds the outPut, and some of the blg concerns, like the Amerncan Woolen Company, have had to withdraw certain lines from the market on account of depletion. Manufacturers are guarding against overproduction. This particularly is true among the garment manufac- turers who have recelved urgent or- ders for Easter delivery. * kK X PHILADELPHIA, March 15.—The Business and Financial Outlook of the First National Bank, issued today, declares: “There is much encourage- ment in the deflation accomplished, for the country is living economical- ly again, tkinking sanely, working industriously and adding_each week to its rainy-day fund. This is su- premely important, for the people must save before they can invest, and it is only through excess production that the unprecedented expense bills of the war period can be wiped out. The cost of maintaining the average family is being reduced, as is the ex- pense of conducting day-to-day busi- ness. Furthermore, the bank posi- tion is sound, thanks to the conserva- tism of Federal Reserve Board, whose credit restrictions of a year ago forced tke people to realize the necessity of financing productive in- dustry ahead of everything else.” * % NEW YORK, March 15.—Wholesale clothiers are issuing the warning that a shortage of spring clothing may be encountered. They claim the respon- sibility will rest upon those retailers who hesitated to place orders when the manufacturers were more than anxious to book business. —_—— OIL STOCKS, Quotations farnisbed by W. B. Hibbe & Oo. Bid. Asked. Anglo-American Oil Co. (new).. 17 173 Atiantic Refining Co. . 900 950 Borne-Scrymser Uo.. 375 400 RBuckeye Pipe Line Co. 81 83 Cheseborongh Manufacts 185 200 . 100 111 . 2 31 135 145 ka Pipe Line. 92 7 ena-Signal Oil Co. com. 43 43 Galena-Signal 0il Co. d. 00 05 Illinois Pipe Line Co. 168 170 Pipe Line Co. [ 85 it Co. 26 28 New York Transportation Oe.. 145 150 Northern Pipe Line Co. 92 97 Ohio 0Oil Oo. . 288 272 Pennsylvania-Me 30 34 Prairie 0il and Gas Oo. 450 460 Prairie Pipe ine 190 194 Solar Refining Co.. 380 395 Southern Pipe Line 100 104 South Penn. 0il Co.. . 220 4 Southwest. Penn. Pipe Line Co.. 65 ] . 297 300 asy 68y 580 595 390 410 440 400 Standard 0il Co. . 319 323 Rtandard Oil Co. Ohio. . 375 300 Swan & Finch Oo. 40 50 Union Task Line Co. 104 108 8 g Vacuum 5 ‘Washington Ol Co. Space Mo, 30 at Auts Show, NEW YORK, March 15.—There are | Anacostia BANANAS ARE PLENTIFUL. Large Consignments Arrive at Bal- timore Port. 4 BALTIMORE, March 15.—Receipts of tropical fruit yesterday were un- usual, two steamers arriving from Jamalca with 43,400 bunches of the fruit and 800 sacks of cocoanuts. The United Fruit Company had the Ori- tani, with 30,000 bunches, and the steamer Fort Gaines arrived with 13,400. The steamer Ciboa is expected to 7 rrow with 17.000 bunches of ba- from Tela, Costa Rica. Washington Stock Exchange SALES. grOpital Traction Ga—$300 at 87, 3600 at L ~.H.:“‘ at 86, 4 at Washington Rallway pfd.—1 at Lanston Monotype—10 at T2%, 10 at . 10 at 72, AFTE! Washington Gas 7' Potamac Eleetrie Capital Traction. 86,35 at 85 5oy, 10 at T2 at 1003, 3500 at 100! Bid and Asked Prices BONDS PURLE0 GTILATIES. American Tel. and Telga. American Tel. Am. Tel. and Telga. c Anacortie and Potomac guar. 52 sesapeake and Potomac Tel. Se. Capital Traction R._R. Bs. Sity aad Bubarben Se. Potomac Eiectric Powsr Eeiomus Eiec Fower 0. M. ! ash.-Alex, aad Ver. Wi s Bs. Fo wy. ec. and Elec. G. M. 6s. MISOELLANEOUS. . Mg, Riggs Realty 68 (i = Rigge Realty Se (short 87 .. STOCKS PUBLIC_UTI American Tel. and Telg: . S Capital Tracti 88 4375 “ahington Rw: ahd Eier E 1 . com. " 2 Washington Rwy. aud Elec. prd. Waihington-Virginte Ry pfa 37 .ce.. NATIONAL BANKS. American . 168 Columbia . Second . Washington American Security and Trus Continental ... Natlonal Savings and Trust... Tnion Trust. Washington Loan aad Tru P ana AVINGS BANK. merce vings.. Eust Wi German-Ame: Natioasl Unlon. TIT) Columbia Title ‘Real Estate Tit MISCELLANEOUS. Columbla Graphophone com 81 . C. Paper Mfg. Aase B aeey D. C. Paper pt soaee 100 Merchants' Transter and Storage 100~ 125 Mergenthaler Linotype *119% 121 0l Dutch Market com. 3 [ e Security Btorage *Ex-dividend. CURB STOCKS. Quotations furnished by W. B. Hibbs & Co. [ L3 Boston and Wyoming. 16 1 ledonta .. 1 12 Ualomet and Jervme. fi 316 . L % % 10 15 Car Light mud Fower 3 2 Cities Service (new). *27 27 Cities Swrvice (old). a1 26 Cities Bervice prd. Colonial Tire. Uolumbian Bm, Uolumbla Syndicate Consolidated Copper Cresson_Gold Davis Daly Dominion "Oil... Durant Motors 4 1 1 % L) Gulley-Gillespie 1% 1y Granada Oil 4 [153 Hecla . lg 4 Hercules T 10 Indian Packing. 2! 3 Intercontinenta) Kapber i International Ietroleum 1t e % 3-1d % gk o @ i 8 18 ’“ 3% L}K ui A 35 a7 .t i & 4o 4 3 % Perfection Tire . % K3 Producers and Eefiners 4% e m: com. 1% 1% Ray Hercules 3 B % b Balt Creek Producing. k-3 Balt Creek (aew). ) 4% 4% Simn Petrol Bweets Co. of America.. 2% 2% Swift International =" %y Tonopah 1318 11 1518 3718 1% 1 1 1% =y %0 ® 30 101 3% SHORT-TERM SECURITIES. (Beported by Redmond & Co.) Oftar. American Tel. & Tel 6s 1922 8% American Tel. & Tel. 6o 1924 :% J 8. reszars 22835338 s EEE Bears, Roel Sinelatr Con. 0Nl soh Southern Railway . P3N Bouthwestern Nell Ta 1B5..0.00 964, 8% Switt & Co. O 1821 Lo wy Ce, 7w 1923 I e o L AN sy wey e AN, 1o Ml W ~ R CALL. 14$L000 at 1005, g0