Evening Star Newspaper, April 14, 1921, Page 29

' cient Methods of Work—Conditions Elsewhere. FINANCIAL. "PRAN TO PAY HARVEST HANDS IN GRAIN INSTEAD OF MONEY i Southwest Wheat Growers to Adopt An-|:, Compensation for (Dispatches marking the progreas ©f the deflation and readjustment process in_busineas country, giving the con special _correspondents Been inntructed to present and indications as they really exist, are printed only in The Star. BY DICK SMITH. @pecial Dispatch to The Star. KANSAS CITY, April 14.— Wheat growers have gone back into history for a solution of their financial dif- ficulties. They propose to pay har- vest hands in grain instead of money this year. Three bushels of wheat, market value approximately 33, and found for a day's work is their pay. Many farmers are carrying last year's crop rather than sell at less than the cost of production. Conse- quently, they have never repaid their banks the money borrowed to harvest it. This will make it difficult to finance the harvesting of the coming crop and has resulted in the sugges- tion that ha hands be emploved on a share basis Prospects of Bumper Crop. Prospects of a crop even larger than that of last year have decreased prices, but have failed to cause growers to release the 1920 carry-over. As a re- sult, elevator stocks are depleted and the reserve suppiy is principally on the farms. The farmers are encour- aged in this bit of the plans for a co- operative marketinz system through | who which they hope to control not only | the price of the coming crop, but that | held over from last year. Under the superv: of the Kansas state board of agriculture conferences are being held to determine wage scales for harvest hands in various ! It has been de- sections of the state: i the appeal is a strong one. cided that wages will be considerably under those of the past few years. The unemployment in = industry causes the farmers to believe that they will have no difficulty in getting farm labor on their own terms. BUSINESS NOTES. NEW YORK, April 14—A decided feature of the wholesale market to- day is the “bargain hunting” of some of the largest retailers of the coun- try. Buyers are in the city from every section, and some of them plainly state that they are here to buy only at “a price.” Some of them have resorted to placing large ad- vertisements in the trade papers of- fering to buy certain lines of goods if the price should be made satis- factory. These ads, it is declared. have received hearty response, and as a result large stocks have changed hands during the last few days. Wallpaper houses are just starting a heavy advertising program and be- lleve that the time Is ripe to suggest to home-owners the advisability of freshening up a bit. Page ads today announce the spring lines of the larg- est wallpaper house in the world, and The wall- paper industry was dealt & hard blow by the war, and the cessation of build- ing after the war because of high prices. ELIZABETH, N April 14.—The Central Railroad of New Jersey has announced the reopening of its shops next Monday with a working force about 50 per cent of normal. The an- nouncement followed a series of con- ferences between railroad officials and workers, held here, and the men will return to work at a slghtly reduced wage scale. Skilled workers have agreed to a_reduction -of from 85 cents an hour to 72. The unskilled have ac- cepted a flat decrease of 10 per cent. TODAY’S BOND PRICES. SHORT-TERM SECURITIES. (Reported by Redmond & Co.) American Tel. & Tel. 6s 1922.. American Tel. & Tel. 6s 1924 American Thread Co. 68 1928 Canadian Pacific 6s Central Argentine 6s 1927. Chieago, B. I & Pacitic 6 Western Electric ‘Westingbouse E. & OIL STOCKS. Quotations furnished by W. B. Hibbs & Co. id. Asked. Asgle-American 011 Co. (sew).. 18% 17 Adantic Refining 200 Borme-Berymer Cor. 30 Buckeye Pipe Ling 5214 heseborot 190 Cootinental 01l Co. 123 Crescent Pipe 29 Cumberiand 135 Eureka Pipe Line.. 83 Galena-Sigual 0il Co. com. 42 Galena-8ignal Ol Co. Pl ¥3 Illinois Pipe 173 B4 27 143 284 Bwan & Finch Co. Tnion Taok Line Yacowm 0l Co.. ‘Washington Oil Co.. . —_—— FOREIGN EXCHANGE. Quotations furnished by W. B. Hibbs & Co. S Tling chocks: " Dollur vaive— Budapest Prague Warsaw Copenhay Christiania LIBERTY BOND NOON PRICES. NEW YORK, April 4. -—uherty gond ‘Drl('eu at noon were: 3%! 90.02 rst 4s { Bars, bolts and bullion do not com- Safe plete the whole story of a bank’s strength. 1 The guiding hand of long experience is Deposit what helps make this time-tested bank Boxes at such a satisfactory depository for over 41,000 depositors. Madeeate § Your pay day deposits will be appre- Rentals ciated. Same Rate of Interest FRANK nmmm.m Paid on DIRECTORS W Blair Getlay Large and anan Hoover %Vlll’:m A.ml!. Church Vl:ltl:‘rnmn Small Walter C. Clephane %r. s | | Bl ¥ S ARV Reginald 8. Huldekoper Henry National Savings & Trust Co. Oldest Savings Depositoryin Comner 15th and Rew York 85th Year ; | French Government 8s.. Noon prices reported to The Star over direct New-York-Washington wire by Redmand & Gor City of Paris 6s 1921 Government of Switserlai n General Electric 6a. Tifinors, Contean 5%s.. International Mercantile Marine 65, % Inter. Rapid Transit Ist and refd. 553 Lguaieville and Nashville 7s 1980, 1083 Missouri, Kansas and Texas 1st 4. 58 Missouri Pacific general 4 ew York Central 7s, 1930 353553 8§a 2 2 2 E3gegnzaanass 8238 R Fi divided | § into 375,000 shares at $100 a share, 21l being common stock. Capital and Surplus $2,000,000.00 THE EVENING STAR, WASHINGTON, D. TOBACCO FOR FERTILIZER. ba buyes field now buying Lancaster county to- bacco, the big outside firms having withdrawn their agents, report that few fancy crops are to be had. The fancy crops do not bring over 20 cents pound, while mediocre crops are selling as low as 10 cents. Poor crops are way below that figure. There is great deal of very poor tobacco that would hardly sell for over a cent or two a pound, and it would pay the farmer to use it as a fertilizer rather than sell at such low figures. It is estimated that there are fully 12,000,- 000 pounds of very poor tobocca un- sold yet in Lancaster and Chester counties. INSURED INVESTMENTS—S5 TS your house insured against fire?-1f you are a home-owner you bave probably looked after that, but are you sure that you have Dot been iess provident in the mat- ter of your investments? u!o\m investment in agains o i Ta safoguarded at every point by the most thorough and ching financial precautions. SWARTZELL, RHEEM & HENSEY CO. 727 Fifteenth Street N.W. ‘Washington, D. C. THE NATION’S HOME TOWN., ENTS We specialize in | yroperty manage- ment. Real Service Pays and Costs No More. B. F. Saul Co. 934 New York Ave. N.W. Capital, $250,000.00 911 F To Be Hel ness. Foreign Drafts, Open at 8:30 AM. Every Banking Day Columbia National Bank pful to You WHETHER you carry a checking account of modest size here, are a Savings Dept. patron or a big customer, you'll always find “Columbia” service keyed to the idea of helpful- 1l Our officers will be glad to get acquainted with you and your banking needs. and Travelers’ Checks Surplus, $250,000.00 Street Letters of Credst 3% i You can open a | this convenient Bank with as little as Compound Interest Paid on Savings. Savings Account at $flJ— WE OFFER: $100,000 FEDERAL LAND BANK g | 5% Farm Loan Bonds Due May 1, 1938—Redeemable at par and interest after 923 May 1, 1 Exempt from Federal, State, D inots PRICE 100 and interest, yielding 59/, PACKARD MOTOR CAR CO. Ten-Year 8% Gold Bonds Due April 15, 1931 Redeemable on any interest date, on 60 da: a whole, but not in part, at 1926, and at 105% thereafter. $1,000 notice, as 107%4% on or befysre April 15, Earnings for past five years have averaged over 113 times interest charges on these bonds. Company has no other funded debt. PRICE 100 and interest, yielding 87, CRANE, PARRIS & COMPANY nvestment Securities m Fifteenth Street JOHN L. MERRILL, Pres. Cable Office, 1136 Conn. Ave, Telephone Franklin 1169 tails, ml uute. E Mal [ R BT e e e 7% and Safety Investing in First Mortgage Loans Is Not Speculating. A true investment means safety, seasity, freedom from care, anxiety and trouble. “Speculation” May Mean Anything From Profit to Complete Loss. In the end it is not worth the risk it en- ‘0 those who want a safe investment— nnt a risky speculation— denominations of s strong .mL They are safe md We details, stten nam'l':l.wt the day du. without cost. CALL FOR BOOKLET. WILLIAM S. PHILLIPS 14098, Y. Ave. LW, In 1919 Ecuador's exports to the United States amounted to $7,600,603 and her imports from the United States amounted to $8,966,435, or an excess of rom over ex- ports of $1.465, ALL AMERICA CABLES is assisting wholeheartedly in furthering commercial de- velopment between North and South America. Notes, sccured on D, C. nndup.mnke 7% net. g H g § § B to collecting and % n 98 R . FIRSTMORTGAGES The F. H. SMITH CO. 48 Years Without Loss to C., THURSDAY, APRIL 14, 1921 INSURANCE Fire and Theft 2ot~ s WM. B. KRAFT & CO. 1338 New York ave. Matn 893 GRANT ¥. CHASE, Public Accountant and AIdilet' 247 Woodward bidg. Tel. )m- 1850. snum installed. Periodic sudits. ‘LIBERTY BONDS | BOUGHT m lfil.ll FOR CASH \ Liberty Bo cllangev l“hSt.NW Greater Income From Savings By Investing in Our Conservative 8% of Trust Joseph I. bvhc'l'l:;‘fi:w"" e and ¥ aw. FINANCIAL. CITIES SERVICE SECURITIES Bought, Sold, Quoted | THOS. W. BRAHANY & CO. Investment Securitics 510-11 Evans Building a Denominations as Low as $100 Partial Payment Plan If Desired List of Attractive Invest- ments Upon Request Under the Investment Dept. __ 815 15th St. of Start Your Idle Dollar Working Swartzell, Rheem & Hensey Plan Any Investor. Resolve today—NOW—to lay aside $5, $10, $15 ar $25 a month and receive 6% interest on each dollar ever day it is saved. SYSTEM QAVI\G will build you a reserve fund of $250 in 45 months if vou save $5 monthly ; $500 if $10 is saved each month; $1250 if $25 is saved. At the end of forty-five months you become the owner of a first mortgage note, secured by improved real estate in Washington. Come in and begin immediately! EQUITABLE CO-OPERATIVE BUILDING ASSOCIATION Organized 1879 41st YEAR COMPLETED You Will Accomplish More Than Ever in Sav- ing —by adopting the systematic saving plan of the Equitable Bullding Associa- tion, a plan that has won financial in- dependence for thousands. Subsacriptions for the 80th Issue of Stock Shares, $2.50 Per Month EQUITABLE BUILDING, 915 F St. N.W. JOHN JOY EDSON, President FRANK P. REESIDE, Secy. SEVEN TWENTY SEVEN, Y).C THE HOME TOWN- 52 Years Without Loss to an Investor First Mortgage Notes “Gilt Edge” 1% Now on Hand In Amounts of $250 Up to $5,000 Now is the time to invest, but only in securities that are abso- lutely safe. Don't take chances and speculate with your savings. We look after all detafls and furnish guaranteed titles with all notes, | Chas. D. Sager 923 15th St. N.W. Loan Dept., M. 38, H q Such dependence is amply justified. nent, strong and dependable in bagking. q Let us begin serving you This Pay Day. OFFICERS=’ e Washington Office Open 8:30 A. M. Every Busmess COLORADO BUILDING N Telephone Matn 1003 QEORGE W. WHITE President s Small H. P. JOHN: Vich Prew N Checking . Cashier N . Auditor \ . Accounts 'H &C ited N arriman 0. Invit F. R. OGILBY’ Trust Officer N \ MEMBERS: DIRECTORS: § 0 m T. BRICE nml H. xoo,l'.z N New York Stock Exchange ! Do G FAUST HUGH RECLLY \ 11 Broadway, New Y ok 8. “RE T. uwl.’nol ngeu N ¥ » New York 5 I 1AV Sox 210 N P.i‘_’ on Sindbins gsgl:l,i'lk P awox Savings || SEE LTl N Dr. J. THOS. KELLEY, Jr. WALTER R. TUCKERMAN N A, LIENER A, WIMSATT N TOWNLEY A. MeKEE GEO. 'W. WHITE N N G. B. CHIPMAN Manager 15th St., Opposite U. S. Treasury—107 Rapid Growth Based On Sound Principles TUDYthischanamomntortwo. It is worth your while, whether you are now considering a § banking connection or not. It represents the growth, during its thirty-one years, of the Ammmn Security and Trust Company. Wbatd.ositmantoyou? It theans that the management is in the hands of men who have been able over a period covering good and bad business conditions to increase the size and service of their bank and eam the good-will of an increasing number of customers. If you make this your bank, you have the guarantee of §6,000,000 plus additional liability of 3,400,000 to safeguard your deposits. We pay 3% compound interest on savings. ¢ AMERICAN ¢ SWARTZELL. RHEEM & HEN: ?HENSEY Ca Open Until 5:30 P. M. Tomorrow for the Convenience of Pay-Day Savings Depositors Dependence Well Placed UNDREDS of federal workers and others are depending upon Wash- ington’s OLDEST National Bank to help them make thrift pay. “The Metropolitan” hasbeen here almost as long as the city itself—and its name stands for all that’s perma- Day. National Metropolitan Bank Capital, Surplus & Undivided Profits Over $1,500,000.00. Years Old SECURITY & TRUST COMPANY * 15th Street at Pennsylvania Avenue HOME SAVINGS BRANCHES Eighth and H Sereets, N.E. — yth Street and Massachusetts Avenue, N.W. 436 Seventh Street, SW. ° ’ = AN A B SO AT ) AN O A VAL S AWM VR AR b A S 7y (P L35 AR