Evening Star Newspaper, April 13, 1921, Page 20

SAYS RATES ARE AT PEAK NEW Fries, YOR the Yor shippers tion of railroads under government reg- | justment of wages, with the decline in ident of the Baltimore and Ohio railroad, in an address before i be put. * conference of Greater New vice pro period,” he : 13.—Archibald | thing else wil ulation is the accepted formula for thethe cost of living."” future. He predicted that rates would rise no higher and will soon be reduced | shippers, and by economy of operation. | doing thair best to aid them. | “The railroads of the country under « | the transportation act are facing a test id. “If they fail some- ave to be tried. lieve rates are now as high as they can They will be replaced through conomy of operation, through falling y . =aid private ownership and opera- | prices of material and through the ad- | to boost prices have THE EVENING COMBINE IS ALLEGED. be- | Chicago. St. Louis, cially. | business, he said. ring time is - painting time BUFFALO PAINT Is the Paint You Should Use—Get Yours at the Dealer Nearest You Congress Heights. YOCHELSON S H. 1 . Good Hepe, D. C. § AUTO SUPPLY CO. Sth St. S.E. List of Dealers I & TAMMORIA E Ave. SE. CAPITAL S 1. N.W. LEONARDTOWN IMPLEMENT CO. Leonardtown, Md. UNION SH M oSt N DY A 3934 Ga. A 2 J4. HARRY GILL 310 R. I. Ave. N.W. GEO. A. TOVEY Mt. Raiier, Md. L S d —= o o =Ll oy e = INNEES T RIRT e o7 A ST\ E FINDING CO. ND HARDWARE CO. 8.W. W. CALVERT HARDWARE AND AUTO SUPPLY CO. 1 Champlain N, W. J. CA 1108 18th LW, A. SILVERMAN 0. Mechanicxville. Md. E. R. MOYER ERMAN 711 H St N.E MT. PLEASANT HARDWARE CO. 3160 Mt. Pleasant St. DISTRIBUTOR 640 and 642 Penna. Ave. S.E. CHICAGO, April 13.—Complafnts from Cleveland, Minne- apolis. Detroit and many other cities in the middle west concerning alleged at- tempts of a combination of stationers been referred to the Attorney General, it is reported offi- Most of the complaints assert He pleaded for the co-operation of | that the methods pursued by certain declared the railroads are | firms were driving small dealers out of STAR, WASHINGTON, D. C, REGARD AUTO BUILDERS NOW (Dispatches of the definti proceas in ens throvghout the country, giving the conclusions of special correspondents who have been inatruced to present conditions and indications as they really exist, are printed only in The Star.) BY A. D. WELTON. Special Dispatch to The Star. CHICAGO, April 13.—Investigations are disclosing some obstacles business has to overcome. Preparations are being made to improve marketing conditions through farmers' co-opera- tive efforts. Prices, however, continue to fall. Wheat and corn, brick and lumber, silks and shoes have all been mentioned within the week. The wage problem is no nearer solu- tion so far as labor organizations are concerned, but men in need of work are providing a force that tends to bring wages down. Prices Must Advance. Generally speaking, business sup- plies are low and prices must soon {advance. But the purchasing of other things than clothes and food lags. | Automobiles are an exception. Pro- i duction of motor cars is mounting. | Ford is over one hundred thousand cars behind orders and the number of men employed in the motor industry is rapidly increasing. It seems rather strange now to re- call the many sins once attributed to the motor industry. It was charged that it upset the labor market during prosperity. It advanced wages, con- gested the railroads, hired strikers, depopulated farms. 3 These things, urged So vigorously a year ago, are now forgotten and the motor manufacturers are looked upon as the heralds of a new prosperity. There is much in sight to build a re- HERALDS OF NEW PROSPERITY Chicago Reports Motor Industry Leading Trade Restoration—Big Business Fore- ! casted—Conditions Elsewhere. port of good business upon, but a turn toward the large scale manufacturers | outside of automobiles shows them either shut down or on a 30 or 40 per cent basis of production. This is true particularly of the steel and metal in-/ dustries. It explains the uncmployment, which is not decreasing, ard It returns no large yield of optimism where man- king their views of the fu- bl is being 3 and the owners of all kinds of businesses. Fconomy in production, in handling and in selling is demanded. The efliciency man, the cost ac- countant, the personnel expert are all in demand. Business is making prepa- rations for large operations as soon as prices and demand reach their point of agreement. Allusions to South Please New Orleans Business Men BY L V. SHANNON. Special Dispatch to The Star. NEW ORLEANS, April 13.—New Orleans business and banking inter- ests and the people of south Louis: ana read President Harding's me: sage to Congress with a feeling that it means the opening of a new chap- ter in the commercial history of this section. The south has always bheen chary of asking favors of a republican ad- ministration. The fact that the pres- ent administration has voluntarily in- cluded the south, and this portion of it in particular, in its program of benefits is very pleasing to business interests of this ci Sugar Tariff an Ald. The greatest benefit to this imme- diate section is expected to come from the proposed increase in tariff on sugar. This Increase, it is felt, will put an end to the unsettled condi- A Watch or a Bracelet— which do you buy? woman doesnot buy a bracelet when shewantsa watch. Yet, thatis really what thousands of keen and experienced women buyers are doing unknowingly ev:lry day. And it is not their t. Ladies’ wrist-watches are fash- ionable and they are always going to be fashionable. A lady does not buy a wrist-watch to take the place of a bracelet. She purchases a wrist-watch to tell her the time. And a wrist-watch that is always “going wrong”, “stopping,” or that spends most of its life upon the repair bench—that kind of a watch is neither beautiful nor use- ful—it is an expensive luxury. Alas, there are scores of thou- sands of ladies’ wrist-watches hid- ing their worthlessness in bureau drawers, knick-knack and jewel boxes because their_owners dis- covered they were made merely to look at. And the majority of these watches bear foreign names. But as they were sold at such “low” prices, much lower than a tiny Waltham for instance, their owners thought that they were saving money. A watch is bought upon “faith”. And there is not an article sold wherein and whereof we can be so much deceived as in a watch. It is not the jeweler’'s fault. The de- mand for reliable, fine watches is greater than the supply. If he sells foreign watches he cannot take them to pieces to see if they are put together “right.” He has no ‘The Waltham 74 Ligne, $200 to $2,000 depending upon the case ‘The movement is smaller than a dime in diameter means of testing the metals, of knowing the pedigree of the differ- ent“‘parts.’ He, too, buysuponfaith. Hegetstheblamewhen the ““works™ go wrong, not the maker who lives four thousand miles away. There are ladies who may be reading this advertisement who own tiny, exquisite looking wrist- watches that simply will not “‘go” or keep time. They have sent them to the leading jewelers in their town, but the trouble cannot si:le_n)xingly be put right. Why is this? There are two reasons: one, that the watch was sold at a price which forbade fine workmanship. and materials. Two, that the watch lacked standardization, which is essential in tiny wrist-watches if they are to keep continuous and dependable time. And you cannot purchase a de- pendable wrist-watch except at a relatively increasing price as the size of the watch decreases. In other words, the smaller the watch.- the greater the cost. Errors of workmanship can exist in, say, a watch of medium size, that would be disastrous in a tiny watch. The “‘works” of the tiny watch must be perfect even to the fraction of a hu- man hair. For instance: When the dial of a ladies” wrist- watch gets below the size of a twenty-five cent piece, the cost of such a watch mounts rapidly; and when the dial decreases to the size of a dime, the cost has increased at least four to five times as much. In this series of advertisements the following Waltham Watches will be featured : 10 Ligne (Ladies’) . Men'sOpera . . .- 7% Ligne (Ladies’) . . or more, Colonial A (Men’s) . et SZD(I:I:SBZS or more, depending upon the case Jewel Series (Ladies”) . . . . up ColonialSeriesRiverside (Men's) 14K.$115andup Vanguard Railroad Watch . . $80 and up Cadet D. S. Gold Back (Strap) ~ $27.50 and up Colonial Series Royal (Men's) . $75andup No. 1420 (Men's) . . . . . $50andup The smaller the watch, the greater the cost. That is, if the watch was made to keep dependable time. And a small ladies’ wrist-watch is rarely dependable if it lacks stand- ardization. The fame, reliability and worth of the Waltham Watch has been built upon this undeniable fact. The tiniest ladies’ wrist- watch made on this continent is a Waltham; although its dial is even smaller than a dime, it keeps the same dependable time as the larger Waltham gentlemen’s watch, known all over the world for its accuracy and reliability. And the reason this tiniest of ladies’ wrist-watches keeps the time “‘day in and year out,” is because it is standardized. It is a tiny, but perfect reproduction of the highest grade, larger Waltham Watch. Every part, every jewel, wheel and pinion-bearing is perfection itself because of exact standardized reduction in size. Just as you see a star reflected in a dewdrop—so in these exquisite, tiny, perfect time-pieces you have beauty, plus a lifelong service, which is the only reason why you desire to own and to buy a wrist-watch. Do not be misguided by *‘ lower prices” or “just as good,” or high sounding foreign names when you go to buy your wrist-watch. No lady desires a watch that will soon be hidden away among disused trinkets, or that will cost her a small fortune in upkeep. The more tiny the watch, the more it will cost you; but a beautiful, small wrist- watch is a prized possession indeed, when you can depend upon it. The name of Waltham upon the dial is an assurance of integrity in workmanship, of dependabil- ity, and true value for what you pay for it. It will profit you to insist that your wrist-watch be a Waltham. Waltham 10 Ligne, $90 and up depending upon the case Makers of the famous Waltham air friction quality Speedometers and Automobile Time-picces used on the world's leading cars WALTHAM THE WORLD'S WATCH OVER TIME Where you see this sign they sell Waltham Watches — RIS ~J Y =g = L Nw g WEDNESDAY, APRIL 13, i | | 1921. tions prevailing in the sugar market. Planters, and the bankers aiding | them, also feel that a higher tariff as- sures an adequate return for the crop which is now being made. This change in the outlook for sugar will soon be reflected in a revival of general buying in the sugar section. | This comprises the richest and most populaus portion of this state. The emergency tariff will also be of some assistance to the rice indus- try. which is passing through the dullest period in the history of the state. due to overproduction. It is also suffering from high freight rates charged by the railroads. Sugar Tariff am Al At the present time rice can shipped from this city to Europe and back to Atlantic ports, and from those | I ports to nearby interior points for much less than it can be shipped from here direct by rail, The south is probably more de- pendent upon the making of peace and resumptlan of world trade than any other portion of the nation. Its financial depression is due almost en- irely The making of peace will enable bankers to resume their former credit tions with former enemy coun- increasing exports of cotton. BUSINESS NOT! PITTSBURGH, April 13.—The cut in steel prices announced by the United States Steel Corporation is expected to go a long way toward stabilizing DPrices in the entire steel industry. The independents increased prices on plates and bars within the last few days, after a long period of price cutting: during the time the corporation was adhering to the schedule fixed by the War Industries Board back in March, 1919. The increase by the independ- ents and the decrease by the corpor- ation have brought steel prices to something like a level, and it is rec- ognized that this is a great step for- ward. Builders and manufacturers may now go ahead with their pro- grams in the full knowledge that steel prices virtually are fixed for the next two or three years. In some in- stances the new prices of the steel corporation are above the new prices of the independents and in a few in- stances they are below the independ- ents. The differences are not great in any case, and will soon be ad- justed. NEW YORK. April 13.—Fox pelts held sway at the raw fur auction yves- terday afternoon and again this morning. Blue. silver and cross foxes held the honors. Some Australianl| white, gray and red foxes also were sold. The receipts for second day amounted to about $225.000, bringing the total for the two days thus far to approximately $800.0000. The best silver foxes brought $375 each. Cross fox pelts brought as high as $152, the skin which claimed top price being al- most a silver. In the sundries, Turk- ish foxes sold for 15 cents. Break in Building Deadlock Up to Labor’s May 1 Action BY F. D. McLAIN. Special Dispatch to The Star. PHILADELPHIA, April 13.—On May 1 the building trades unions wil] de- clare their wage schedules for the coming year. There appears to be no possibility of a break in the building deadlock until the men in the trades are willing to accept a lower wage, so there is great interest in the May announcements. About the only new structures being erected here are places of amusement, some of which are on a pretentious scale. They will be occupied by the owners, who can estimate from their receipts and profits just how much they may put into their buildings. | American be | ¢ to inability to move its sur-|x |®lus cotton abroad. S. This will go a long way toward | § TODAY’S BOND PRICES. SHORT-TERM SECURITIES. Redmond & Co.) (Reported by American Tel. & Tel. American & Tei. 6s Co. Tobacco Ce American American American Anaconda Anglo-Ame: Armour & Hocking Valley 6s_1v: Kennecott Copper_7s Ligett & Myers Sinclair Con. 0il Southern Railway There is no move to go ahead with large projects that have been held up on account of high costs of construc- tion. Strike Hits Textiles. Very little is doing in the local tex- tile mills on account of the strike which has been in progress for three months. blow fo local industries, . ness is slipping away to land and other textile cen mills_are operating. How manufacturers here say tha should pay a much higher w. is paid eisewhere for the of work the local mills could not com- pete with other mills which turn out products at lower cost. On_account of the strike textile manufacturers of Reading, Pa., are reaping a harvest. They are getting much business which heretofore came to Philadelphia. Seventy-five per cent of the hosiery mills in the Reading section, including all the larger plants, ‘are in operation, in full or in part. Factory Business Better. According to William R. Wether- hold. president of the eastern Penn- sylvania division of the National As- sociation of Hosiery and Underwear Manufacturers, business in the fac- tories is better now than at any time since the slump started last fail. The Nolde & Horst Hosiery Com- en, is operating full-handed and on a normal schedule, and the Berkshire Company of Wyomissing has 1,400 best previous total. All departments of the Reading Chain Block Corporation, employing seventy skilled workmen, have re- sumed work after two weeks' idle- ness. CHICAGO, April 13.—Business in- interests here and in all parts of the west have taken heart from the statement by President Harding in his message to Congress that freight rates are causing stagnation in in- dustry and “must come down.” The long hauls to and from the west have proved so costly under the ex- isting freight schedules that many shipments, even of perishable goods, have been abandoned. The high freight rates were authorized at a time of high price levels, and if business is to go ahead they can no longer be maintained. The interruption is a hardj hose pany, employing 2,500 men and wom- | o people at work, 400 more than in its| % Noon prices reported to The Star over direct New York Redy Raltimore and Obio 6. Haltimore and Ohio Bethlebem Steel refd Central Leather 5s . Norfolk and Western rthern Pacific 4u . | Penneyivan Prnney OIL STOCKS. Quotations furnisbed by W. B. Hibbs & Ce. Anglo-American 0l Co, Bid. Asked. 1613 17 At 200 850 R . BELT 5 Standard Ol Co. Standard Oil Co, Standard Of] Co. Swan & Finch Co Union Tank Line Vacuum Oil Co. Washington Oil Co. ubEsBEIsBa alisdRtebntunt I SUMATRA CUTS DIVIDEND. NEW YORK, April 13—The Ameri- can Sumatra Tobacco Company has declared a 2 per cent quarterly divi- dend on its common stock, instead of the 21 per cent it had been paying since August, 1918, 25 cents. Washington. ample, is only 50 cents. of going there inperson. Why bother with letters? It Doesn’t Cost Much To Telephone HE map above shows the station-to-station rates for calls to some of the cities and towns near A call to Hagerstown, for ex- Compare this with the cost And after 8.30 P. M. and until midnight the sta- tion-to-station rate is reduced about one-half. You can talk from Washington to Hagerstown in the evening for Make use of this cheap and efficient service. Utilize the quickness, thoroughness and convenience of the telephone in your business and your home affairs. C. T. CLAGETT, Division Manager The Chesapeake & Potomac Telephone Company