Evening Star Newspaper, March 30, 1921, Page 22

S i iy s ey TSR S D. C, WEDNESDAY, MARCH 30, 1%L THE EVENING STAR, WASHINGTON, [PRESIDENT'S CONCERN OVER TODAY’S E.?.E.D !:.R.!EES' RAILWAY SITUATION PLEASES|}F-ra s it g A City of Paris 6 1921 % Southern Rallway gene: . !:mi‘ll government Ss. Southern Raiiway Js. SR el Wl et el ‘r';fim'"t"& Iu-:mer;-n 8s. lg Union Pacific 1xt o um ¥ UROof G: B and Trelesd i 19310 Union Facias oo 9% | Union Pacific 6« 192 B. and Ireland Sias 1922..0 843 | 7y B e lane B e United States Rubber 5% # | United States Rubber Tigs.. nd Ireland Si4s 1987... 85% | United Sintes Steer 8. | Virginia- na Chemical 7' | Wilson & Co. 1st 6s.. Washington Stock Exchange SALES. Capital Traction 5s—$1.000 at 86%. Washington Raflway 4s—$1.000 at 59 SZO00 at 3905, §2,000 at 393 Contineutal Trust Company—1 at 101. Union Trust Company—10 at 123, 10 at 123 10 at 123, Lanston Monotype—& at 73 AFTER CALL. at 88 5 7155—$1,000 at 100%;, $1,0m at 867, $1,00 ¢ &7 Business Men Believe Government Should ' k . Straighten Out Transportation Tangle. It Now Holds This Reviesol Toade Goudtitions. Price Advantage American Armour & Atchison, Topeka Atlantic Coast Line Atiantic Refining Co. 6 Raltimore and Ohio con ;Il:flmnn— and Olio 6. Baltimore and Ohio 8. W. Div. 3 Bethlehem Steel refd. ’ A |made for another exhibit next year|{<htsil Leather o NEW YORK, March 30.—Great sat- 0r+';d r&ur:t Iarf_rr BC:IA*.{ the Bethle- | Ghesapeake 4 3 . | e Harlan shipyard of the B - | Chesapeake isfaction was expressed in business|, The flarian shipvard of (ag BOLL circles here today over the cONCern|has launched its last ship and the President Harding and his cabinet|workers will soon be reduced f_fl"l" have expressed as to the railroad sit-|2.000 to 400. The Cramp yards in Phil- | =5 eted c-six tor- | Chi. R, 1 uation throughout the country. Busi-|2delphia have completed forty i : SHORT-TERM SECURITIES. e a1 (Beported by Reamond & Co.) Washington Gan Wid. O 97 s | Bid and Asked Prices 6% | American 1% | American 8 _ | American s | American 444 | American 78 | American 9nty | Anglo-Ame: | Armour & 648, | Bethlehem Steel 7a 1922 Rethlehem Steel 7a 193 ‘anadian Pacific 6e 192 Special Dispatch to The Star. Toox: | 9% | American Tel. ana Teiga. 4« K61 | A Tel. and Telga. 41zs . d Tel. n e ats des since the out- €l ion Stati - Central Argentine s ness men generally have found the D00 bodis destrovers s | fonmclidated Gan o Micaro, T 1. & Tacifc . s high freight rates a bar to a rapid e War Lev: Eitie yanerorat o ; : creates an expectancy of bl Anthracite Rate Above War Ii ric general Tien fa n. Gax of New York fs 1i Essex quality quite naturally P y Toturn lof. aermall conditions. | At || sEowacite Rate Above TRCEER, o 0oty 22 oy Tacking at interest is ma 1llino.s 5igs. B. ¥. Goodrich 7s 192 high price. Compared on every hand to costly cars it time when the community marketsiaction the anthracite operators Will} o | Guit” Cor ional Mercantile Marine 6a. Mixsouri’ Pacite Washington Feneral 4 997, | Wash. Kwy. time in the history of the country.| Liggett & Myers Tob. #: Peana. Co. have taken a decided turn down-ii,p. respecting the price of hard CO21:Int. Rapid Transit iat P e T % ward toward pre-war levels, freight | 7<% "€ s 15 bme of the neces-| Loulaville and wamhvie oo Hocking Vallex 6u 1921, would be strange if many did not fall into that error. ward foward pre war levels, €180 lon April 1. This is ono of the mecet | foilerie ntNasheile %2 130 Hacking Yarier G 121 L] i Prices still are above the war level. N (o5 e Retail trade is fully up to expecta- | New oK Central 7 1330 Textile mills are operating i Q;:lm:'o:kd Telephone s, encountered. | The cost of placingdifferently owing to lavor troubles, [ NCOE And Westera conv. sl £00ds on the more distant markets| The drop of temperature 1o 25 de- | Nortiem Pacine io 5 has been greater than the prices of-{grees Monday night has destroy Pennsylvania 1 fered in these markets. The result|large part of the have c Efforts at readjustment me | Frocter & Thus actual price comparisons give Essex true value in sharp relief. to an abrupt halt every time the bar-| tet rier of high freight rates has been' tions B5% | I'rocter & Gamble 7s 1023 s | R. J. Resnolds Tob. 6y 19: | Sears, Roebuck & ¢ rs, Roebuck & ( Sears, Rocbuck & 3% | Ninclair Con. Oi PUBLIC_UTILITIES N arly crop Of i Pennsylvania (o, oo A P How many of the cars in the Essex price range do you d ! 5 ;. et 5 in Dela- | Pennayivania 7s of 96% | Southern Railway 61 1 fi Telga 2 = = T has ben stagnation in many lines. Ipeaches, pears and plums in of 193¢ 013 | Southwestern Ieil 7 apital Trac e ~ ever embrace in the same thought with it in regard to Shiomers. S prodicers: have’ met [ Wire. “zolihurn fennacivania and ania g morigase 4 s | e Bl % Capit x e e been nclined to blame the railroads|equiho o' Jersey. according to re- d San Fran 4 . . fineness, ability and distinction? D e L atioaa. oMcials| Souiherm) New Jeraer, SCoriins o faeric| San Frai is. ieride 4100 pon : 1 St. Lous e x ncisco fs 14 ous loss. “Ouls und San Francisco i Seaboard Alr Line refdg. 4s...... a d 861 | Union Tank Car C ', | Western_ Electric themselves have not shown ‘ 37% | Westinghouse E. & M. position to take advantage of the = t i in the Essex Situation. _Many have publicly ex- : iy & Ar.xd do not the_ c;x]rs thathyog cgnszgedr IIn the - O e avr ';"‘TE,.;';"‘::‘,.:;{:}&T!New. England Business Seen |7~ R e - quality class invariably cost hundreds of dollars more!? 5% "1l e Mantes To tower| in Readjustment Process | face e optimen “privafis"as ts [C. P. RAILWAY EARNINGS. = In reaching a standard by which to understand Essex e by Tanerating dcncita: - Amons BY EDSON B. SWITH. cords will ‘be' surpassed i many i Gross, 1920, $216,641,349; Net linz ! the fe Gk 2 business men generally feeling| specia D 10 The Star i ey wll 18 pointed out that busi- values you must consider such price contrasts, as well as bag Been That he poveroment Mol | BOSTON. ‘Sarch an—business in|iic%a uae 005, laxt geap omy, for LosiELn o 5 facts bearing on ability and dependence. Such examina- o e s ptovsmmage. The tiuuns o] milec iy TLoio 8o oF Soctetiy s MOSTRLLE S Comm s tion will convince you also of the unusual value the Essex L T e T . . o reor o e Cane | S represents. Plan in View to EXpOMt | it il courie a5 s | AGK EMBI OYMENT FUNDS. | o st losted s tssont, e | Wit 0 00 There are rifts in the clouds, how- ! ® | tribution. all charges and dividends de- AVINGS BANKS, Surplus Cotton Crop BY I V. SHANSON. e . shar | Commerce and Satings - Gross receipts cxceeded those of 1939 | it Wax by $39.712,289 and net earnings were | ever. The head of the Thomas G. Plant Shoe Company, makers o en’s shoes, with a dai Reasonably Prompt Delivery Appeal Made for $2 Contributions Lambert-Hudson Motors Co. Salesroom Service Station 1212 Connecticut Ave. 633 Massachusetts Ave. Telephone Franklin 7700 fember Washington Automotive Trade Association. LIST OF DEALERS: Phipps, Cox & Winterson, Annapolis, A. W. Fooks, Salisbury, Md. Ma. Palnce Garage, Westminster, Md. :.‘,"“!u,:":.':‘,'_"f_"_k:,' - Smith Motor Co., White Marsh, Md. Easton Metor Sales Co., Eas Virginia Motor Ce., Charlottesville, Patapsco Garage. Ellicott City, M va. Harbaugh Auto Sales, Frederick, Md. _ The Virginia Motor Co., Frederick: People’s Garage, Galena, Md. burx, Va. Hargrave & Lewis, Weat Polnt, Vn. Hicka Moter Co. Win Va. Charles F. Hull, Hagerstown, Md. Garrett Motor Co, Oakland, Md. # Cullen Motor Co., Pocomoke City, Md. J. M. Bright, Keyner, J. M. Dunean, Alexandris, Va. L. E. Hedges, Martinsburg, W. Va. Lambert Automobile Company, Baltimore, Md. After 830 P. M. OU can make a long distance telephone call at a rate that is only about one-half the charge for a day message. Evening and night reduced rates bring all the ad- vantages of long distance service—speed, convenience, accuracy, satisfaction—to your command at very low cost. Reduced rates apply only on station-to-station calls —that is, calls where no particular person is specified to the operator when the call is placed. ! Between 8.30 P. M. and midnight station-to-station day rates are reduced approximately one-half on this class of call, and from midnight to 4.30 A. M. the rate is only about one-fourth the station-to-station day rate. There are occasions every day when you can use this economical service in your business and social af- fairs. Call up your friends in the evening. See telephone directory for rates to nearby points or ask the operator. C. T. CLAGETT, Division Manager The Chesapeake & Potomac Telephone Company Spec’al Dispatch to The Star. o 7/000/ipaira; repots (& mpr NEW ORLEANS, La., March 30.—A imeént. A high official of the lhndl.;;m ve w hises to prove of | Johnson Company., among the lars- move whiculpron e wufacturers of shoes in the great assistance fo the =ouih 05 % ates that orders are larger hole and to the producers of cotton | SORTTC SIes (hal SR in particular is in_course of prepar 3 b s o .ion by the War Finance Corporation Shoe FKFactories at Capacity. for launching in the near future. Some of the makers of women's Zene Meyer, jr.. head of that corpora- i shoes in Haverhill and Lynn. are ion. has invited the leading bankers!|,perating at capacity. The shoe busi- »f the south to a conference at Wash- | Ally 18 spotty, but a little ngton next Monday to discuss and| active on the average. vise ways and means for mOVIN<j ‘The woolen manufacturing com- U large part of the south’s surpluSip.njes have taken a good volume of ‘rop of cotton to the European na-{oii il hut”with the shaky condition ions which are crying for it but arel,f the wool market and the garment inable to buy except on lomg-time!\workers' strike, they are proceeding sredit | with caution. king all the woolen Tnability to export more of that crop | nills ‘of New England, an estimate of i The war-impoverished coun-i3y pet cent i ries of Europe are unable to pay cash | ade, »n the spot for It is one of the chief! The cheaper grades of cotton goods sauses of the low price now prevail-|pave improved in price. ng for this commodity. Eight Million Bales Left Over. ance ct that have to ason about ales from last year's 000000 more than last { i | Juilding operations are still sus- pended because of a strike of the building trades, now in its tenth . Where operations have been med it h:s been at the employers' figures of 90 cents an hour. The unions have been holding out for $1 an hour. Some idea of the need of a: can be gathered from the fa probably the south will carry over into next s, 3,000,000 srowth. or : fear 'as a result of the breakdown | Business Notes. n the world credit system. unless! PHILADELPHIA, March 30.—All of Corporation or | the cooperage concerns of this city | the War Finance some other governmental agency n moving it abroad. waere it is 8o »adly needed. Heavy realizing in the past few lays ‘by those who hought cotton sefore the recent extensive advance ;s 1as not only checked the upward !opo novement, but has given it a fair sized | gist that the mi rackset. i of labor, be eliminated. | NEW YORK, March 30.— The toy and doll trade is considerably stirred Javings Banks Deposits 4 H v eports ha jerman manu- Showing Steady Increase |2l e preparing to make a bold bid for their old control of the toy market in this country. Dolls which American manufacturers are 30.—Re- | compelled to quote at from $69 to $7b sivings | a dozen are being offered by German importers at from $21 to 0 a dozen consecutive | Tm! irade by American manufacturers at §20 u dozen, are being offered by the = toy and doll are looking ve served notise on their workers t hereafter they will deal directly employes and not with labor all matters affecting wages 1 conditions of libor. The coopers hey desire the good will and co- tion of their employes. but in- BY FRANK D. McLEAN. ipecial Dispatch to The Star. March ports ty-four yanks of this reserve district show 4 small but steady increase in de- the fourth . Savings in the district total £310,001,788, against $200.040.334 on 1920. Money & in small | jemand by manufacturers. not only | but a| for prote : <maller sum is required to purchase t to how any tariff will raw materials. In less than a month [be able to offset the low prices of fifty-eight banks in the larger cities ! the German manufacturers and the lozns because they more than | Jow value of the German mark all at the same time. have decreased $15.000.000. Vi The marine exhibition held here cas so successful that plans are| CHICAGO. Mareh 30.—Inquiry in capacity operation is{ USRS U 1 . sent to John Joy|¥ere hauling them in in seines in middleman, the leader | ion kid dolls, offered to the | tion. but it is | to Continue Service. Appeal is being made to 500 men of expenses was due, the city to give §2 each to complete a $220,008 greater. appropriation of the federal government ntinuing the citizens' employment he goal of permanency for the free trict of Columbia has nearly been reach- led,” says the letter being sent out by the | committee to convey the appeal. “It is ! expected that. beginning July 1. the bu- jreau now operating so successfully at!djcting {1410 Pennsylvania” avenue northwest will be entirely supported through fed- ¢ral and District of Columbia appropria- i tions.” BALTIMORE, unless something tect them during son. fishermen on such numbers tha Edson, treasure; { employment service. and mailed to the of the following: F. C. Graham. J. B. Henderson. Philip Herrmann, Teon Uli-| 1 9 man. J. F. Slaven, Harry King, Mrs. |When the weather W. §. Ufford, George S. DeNeale, John | the biggest of the Newbold, Mark Lansburgh and John|boats are still b Dolph. pound for buck a John Fihelly Given Award Among Law Students. 1 portion. est honors in the fourth prize debate of the Georgetown University Law School last mizht, second honors be- | of o0y Shad each. ing awarded Samuel L. Miller. '21. The question for debate was: “Re- solved. That legislation be enacted| granting Wage earners emploved by corporations engaged in producing Ry A the mecessities of life substantial|uear ware westre | representation on the board of direc- tors of such corporations.” The nega- tive team, of which Mr. Fihelly was |a member, was given the decision. Debaters were John George Bowen, Samuel L. Miller and Emmett Lee Sheehan of the Senior Debating So- The possibility The judges were Daniel J. Donovan, | Zuric auditor for the District of Columbia;| Athens Joseph A. Carey, secretary to Secre. | Vieuna tary of the Navy Denby: William R. Vallance, assistant solicitor of the State Department; Henry H. Snelling |has the distinction and Prof. Will the law facul 29 The report stated that the addition of $39,492,281 in w known as the “Chi e which added approximately $12,000,000 needed to suppiement the [ (Gl | SUTE, Approximately 3| ce of the District of Columbia to| EASTER SHAD CATCH HUGE public_employment bureau in the Dis-|Market in Baltimore Overstocked, | ™} Prices Take Slump. March local fish dealers last week were pro- the extinction of the shad | i; more market is practically glutted | The committes in charge is comms-fll:::lh n';)“t“‘:”‘*:‘:i‘fl‘: bottom has drop- | The shad catch just before Easter, ! shad to the markets. the dealers are | Ae'na Explosives already well stocked up withelarge | Aliied 0 supplies, and wholesale prices have | American ;w’Ns G.U. DEBATE HONORS jdropped to 10 cents and 12 cents a 'x‘xf’:'"x';.." cents for roe mhad, but the retailljusne On Highest | prices have not been reduced in pro- | Koston and Montana - Reports from Crisfield, which is - th i i 1€ John William Fihelly. 22. won high- [ (h5, Frincipal buving center on the I after boatload, with an average catch have ' literally swamped the buyers. cold spell will drive the fish back | (ities Service (old) looms up, but even at that the sup- | Cities Service prd. ply in the markets is so plentiful 2 the shad turn once more toward the | Cresson Gold . Susquehanna river spawning grounds. | L" s-Daly —_— i FOREIGN EXCHANGE. Quotations furnished by W. B. Hibbs & Ce. Belling checks. dollar value: ciety, who upheld the affirmative, | London % Rudapest . s while John Christopher Blackall, | Paris %" Prague S Ralph Alexander Gilchrist and John | hrussels - i William —Fihelly, juniors, composed | gome .. S Christiania i the negative team. Madrid Stockholm. —_— Miss Belle Burke of Goochland county | International Petroleum (new). m J. Kavanaugh of |woman to be elected county superin- tendent of schools in in part. to wi 0 wage award,’ TITLE INS Tith 5 Real Ex 30.—While | o ¢ was done 1o pro- | Mire the spawninz sea- the eastern sh { Tansion Monoty t today the Baiti-|{Sai SO, 0 *Ex-dividend — e CURB STOCKS. Quotatia:s furnisbed by W. B. Hibbs & Co. was 8o warm, was season, and while | ringing plenty of | Petroleu nd 18 cents to 22| iiE Plin Hoston and Wyomsing ledonia is arriving and they rih Teading r Light and s Rervice (new) that the present { Culouial Tire Columbian_ Emerald the dealers over ' Columbia Syndicate . r again sets in and msolidated Copper . minion~ OIf Amsterdam Belgrade Montreal Hecla . | Hercules Paper Indian Packins ~ Intercontinental Kubber of being the first jJero ¥ Lake Torpedo Lehigh Coul OFFICERS AND DIRECTORS A. S. GARDINER, President. J. ROZIER BIGGS, Vice President. E. D. WILLIAMS, Vice President. WM. E. RICHARDSO) General Counsel. Wistar Balderston Arnold Hirsh H. R. Schreiber 7. Roszier Biggs Edward Kohner 3. B. Trew Mrs. M. Brooks Harry 8. Lewis Dale . Venabl Wiliiam Neuland George Plitt John J. Costinett 4. 3. Driscell William E. Richardson Fred J. White Zsador Freund H. W. Robertson E. D. Williams A. B. Gardiner L's. D. Sauls . Carl Wyatt. StANDARD SAVINGS Ernest G. Walker Charles Btanley White Tomorrow —the Standard Savings Bank will occupy its new building, in which has been in- stalled the most complete and modern equipment for the transaction of the business of the institution. 1t will mark but another step in the persistent policy of maintaining a STANDARD OF SERVICE, which has made this bank so popular with its Ppatrons. A STANDARD OF SERVICE — not service of words alone, but service of actions; not ultra-dignified banking, but performance of modern banking service in every sense of the word, coupled with genuine good fellowship, that makes everyone feel at home, whether he comes to make a deposit or to seek the advice of our officers iipon some personal matter. May We Have the Pleasure of Your Presence Tomorrow? 8:30 to 6:00 7:00 to 10:00 \ Bank = ““Better Service’’ NINTH STREET.AND NEW YORK AVENUE i Mason Valley . i Merritt 0l | Midwest Ol com | Midwest Ol pfd Midwest Refining Ne da_ Opliir W Corneila Nipissing Mines Co. North Amer. P. and Northwestern Oil . Omar Ol (uew). | Pennok oOn_. { Perfection Tire . | Producers and R Radio com. . Radio pfd. Kay Hercules . Rran Consolidated Producing Steamship United Retail € United Texas W West End cons. Wright | JSHicato— | Armour Leatlier com. Armour Leather pfd. Swift & Co. Union Carbide . OIL STOCKS. Quotations furnished by W. B. Hibbs & Co. Bid, Asked. American Ol Co. (mew).. 17% 18 Kefning Co. s o, Iuckeye Pipe Live ¢ | Cliescborough. Manu ontinental = { Crescent Pipe Line ¢ “umberland Pipe Line. Eureka Pipe Line lena-Signal Ol Co. com. b lfnal Oil Co. pra. Pipe Line ‘_(‘0 . | New York Transportation Co.... 133 Northern Pipe Line Co o2 1 Co. Solur Refining Co. Southern Pipe Line C 102 South Penn. Oil Co frd Southwest. Penn. Pipe Line ndard Oil I8 ; Standard Ol Washiugton Oil —_— FOREIGN BONDS. Quotations furnished by W. B. Hibbs & Us. Prices at poon: erlin_ 4s. 5 Hremen 4 4 ax Darmstadt Dresden 43 Drosden 45 sseldorf 4 nen | dn.. Frankfurt 4