Evening Star Newspaper, April 15, 1921, Page 26

| pevsacesssccassccsaspecanseaguen: e e o i v i A8 S et P o SRS S N FANF2SERDALEUTTABGUR A 6 TEYATILGENTALEURAR LA" T0 ASSURF?DEACE. ::m?ermnnenl peace,” Mr. Johnson Machinists’ Plea for the Cessation| (0 mems‘ A world conference to obtain an in- of Arms Manufacture. ternational agreement between metal } workers of all countries for a cessa- tign of the manufacture of ai-as and unitions is suggested in a letter by illiam H. Johnston, president of the Miternational Association of Machin- ists, sent to the Federation of Metal ! Workers, nouncing the dispatch of the letter Mr. Johnson did not make public the text. " The fed conference for that purpose in ac: ance with a resolution adopted by cay Bern, Switzerland. In an- ration was urged to cail a | ¥h board pointme Three charitable of Presidenc o Appu.t Three New Charities Heacs Soon. the District board of charities, which supervises Washington’s penal, correctional and institutions, will by President Harding in the next few according to information given | to Cuno H. Rudolph, president of the Commissioners, { who called at the White House yes- v to ascertain how soon the ap- s might be expected. the vacancies District g | The fé ctioning of Machinists' convention at Rochester | yoart nay Seen last September. reason of _its depleted “It now devolves upon an agreement | prosident Harding is among the men of all nations who work in the factories producinz th sight materials of war to cease such manu- strongly indo facture to bring about an surance | tions. R 12 THE EVENING STAR, WASHINGTO : Apples and peaches were caught in|will be effective at the Regent, Or- PERU CENTENNIAL AID. President Calls on Congress to Fa- charities interferred with by personnel. | jcan countries. 1 understood to | h, nave under consideration the names|dation of the matter Washingtonians who have | predecessor. i sed for the posi- cilitate Participation. President Harding asked Congress yesterday for action to facilitate par- ticipation by the United States in the centennial celebration of the independ- ence of Peru, to take place in Lima next July. The matter was presented at the last Congress by President Wilson, the mes- sage said, adding: “The cordial relations which have al- ways existed between the United States and Peru and the equality of treatment | which we desire to accord to alt Amer- ican republics alike would seem to em- phasize the importance of Congress making provision for a no less imposing participation by the United States in the Peruvian celebration than it had in similar celebrations of other Latin Amer- have, therefore, no tation in adding my own comme: to that of my and recommending to the Congress the passage of the joint resolution he trig.smiited.” be filled & This BEAUTIFUL 10-PIECE Queen Anne DINING SUITE Made of beautifully figured American walnut—buffet either 54 or 60 inches long, with or without mirror; good sized china closet, enclosed serving table, round extension table, 48 or 54 in. wide; 5 side chairs, 1 armchair, seats uphol- stered in genuine blue Spanish leather. $3.00 a Week Belding-Hall $] Refrigerators a week NONE BETTER MADE Brass Bed Two-inch posts. Extra -well - made and finished. $1 Weekly LicosTr & Mryers Tosacco Co. { i couce Levr& €@ =1 ! This 7-Piece Suite Consisting of good sized bureau, chifforette, vanity dresser, & bow-end bed, chair, rocker and 1 bench. Your choice of walnut J or mahogany. Easy Terms-$3 a Week Pays for This Beantiful || Granby Plays All Makes of Records --So Much Better 10 Selections FREE 738 7th STREET N.W. Duofold Bed Oak or mahogany finish, upholstered in black or brown leatherette. $1 a Week ghod JFATIM CIGARETTES \ aWw‘.:‘ alod"b BUMPER FRUIT CROP OUTLOOK HELPS OPTIMISM IN GEORGIA Money From Peach Prospects Alone to Go Far in Relief of Business. Conditions Elsewhere. BY RALPH SMITH. Special Dispateh to The Star. ATLANTA, April 15.—Confident ex- pectations of a bumper fruit crop, quate facilities for expeditious trans- Portation to the markets of the north and east, have stimulated optimism in this section, Georgia particularly. The money derived from the peach crop alone will, it is believed, encour- age liquidation and relieve material- 1y business stagnation and mental de- pression in the rural districts. It is estimated that the peach crop will exceed 10,000 cars. It is, of course, impossible to estimate ac- curately the price which the product will command, but if the demand is in keeping with the unusually high character of the fruit, that price should range around $400 per car. The peach section of Georgia is south of Atlanta, where the farmers have suffered most from the boll wee- vil and the stagnation of the cotton market, but in the northern tier of counties there will be a considerable crop of late peaches and an abun- dance of apples. Cotton Shipments Halled With Joy. The announcement from Washington that the War Finance Corporation has arranged to finance a $2.000.000 ship- ment of cotton to Europe has been hailed with delight by bankers and business men throughout the south- east. ey accept the news as cor- roborating the statement of Eugene Meyer, jr, managing director, that the War Finance Corporation and the national administration regard the re- sumption of the cotton exports as of prime importance and will exert ef- fort to stimulate the industry. The slash in steel prices, followed by the announced reduction in the price of farm implements, has con. Walking Oxfords rated tip and ball -(z:y,m Welt; M Open Nights with satisfactory assurances of ade- tributed further to the restoration of confidence. Sales in Jobbing Lines Show Substantial Gains BY J. VION PAPIN. | Special Dispateh to The Star, ST. LOUIS, April 15—The outstand- ing feature in general business today is the well defined improvement in jobbing lines. A survey of leading drygoods, clothing, boot and shoe. millinery. groceries, hardware, ele trical supplies and woodenware inter- ests develops that their aggregate sales since April 1 show substantial §ains over the same period in March. |~ The volume of goods handled about equaled that of the same time in 1 though because of the decline in prices. the dollar value is vastly under that of last year. Metal Reports Less Favorable. Tn the metal industry reports are less favorable. There are further ac- counts of plants closing and workers being released in great numbers. Sal of pig iron are only a small fraction of normal. ‘The general trend in all commodi- ties is downward, but in goods for personal consumption the readjust- ment has gone far enough to inspire | confidence, and retailers and the pub- li care disposed to cover on require- ments. In the rural communities the psychology has been seriously upset by the recent decline in the market of farm products, particularly wheat. corn and oats. The agriculturists had duced returns, and had started out with a clean sheet to undertake raising the next crop. Holding Back Products. The latest decline. however, has upset their calculations, and caused a Good, iyear itary heels with Good- year Wing-foot Rubber Heels... resumption in some sections of the policy to hold_back products. This discontent has huen further augment- ed by the almost complete demolition of the fruit crop in important pro- ducing areas, resulting from the in late Mar d early April Just as sure as there is *Safety in Numbers”—just as certain there is “Value in Volume”. Little reasoning is required to appreciate just why The Newark is “The Shoe of the Nation”, Millions upen Millions of Newark Shoes are sold annually all over the United States at the lowest possible prices consistent with Nationally-known Newark Dependability. Four Striking Examples of Newark Leadership Meon's Russia Other Newark Shees for Men and Wemen, “. $5 and $6—None Hifin ) The Largest Chain of Shoe Stores In The Washington Stores 506 9th Street 913 Pa. Avenue 1112 7th Street Between E and F Sts. Bet. 9th and 10th Sts. Between L and M Sts. Open Saturday’ Nights D. C., FRIDAY, APRIL about adjusted themscives to the re-! illustrated); English last with mufi: medium toe; oak leather soles and Goodyear Wingfoot Rubber 15, 1921 their most critical stage, and the los ranges from 90 to 100 per cent. Injury to early vegetables and ground fruits was general, extend- ing as far south as central Texas and northern Mississippi. Strawber- ries, an important cash crop, have been ruined in some sections. and will be universally late. In Memphis, Tenn., and Evansville, Ind., strikes of the building trades unions are in effect. Auto Industry Stability Emphasized by Incidents BY PHIL S. HANNA. Special Dispatch to The Star. DETROIT. April 15—The payment by the Ford Motor Company of $25. 000,000 of notes is regarded as most significant evidence of the recovery of automotive industry. and sets at rest a multitude of rumors about Ford. It understood that sales contracts call for more than 100,000 cars for May production at the High- land Park plant. Other incidents tending to empha- size the stability of the industry such as the ease with which Pack ard Motor Company sold ten millions of notes and the announcement that Cadillac would not cut its prices dur- ing the year 1921, are augmenting the feeling locally that the industry is regaining strength and confidence. Old Auto Models in Use. President A. E. Manning of the Michigan Finance Gmpany. a concern which handles a large bulk of auto- mobile paper, today called attention to the fact that automoblles now in iservice are wearing out faster than they are being produced. This fact was evident from the large number of old models which have been brought into service since last fall. Mr. Manning states that his company looks forward to 1922 as a Iyear of tremendous car purchases, but he does not look for a great re- vival of buying before a year from now. izh Money Rates. The Detroit Mortgage Company, one of the largest operators in the city, has announced that it will sell its first mortgage bonds on a 7 per cent | basis instead of 6 per cent 4s hereto- fore. The banks which heretofore have been discounting notes at 6 and 812 per cent have gone o a 7 per cent basis. All signs point to high money irates locally, owing to decrease in bank deposits and failure of borrow- ers to pay off loans as fast as deposits have fallen, The Miles string of theaters. which has heretofore heid to a 75-cent best seat price basis. has announced w cnt to 50 cents, including war tax, which Oxfords *5 United Open Nights pheum and Miles. BUSINESS NOTES. NEW YORK, April —Reports from all parts of the country tell of thé gratification in business cir- cles over the reduction in steel prices by the United States Steel Corpor: tion. Steel runs through all indu: try like a master thread. There is scarcely a phase of manual effort which it does not touch in some man- ner. The steel reductions, long awaited, are looked upon as having quickened the pulse of industry ev- erywhere. Even the poor. harassed rallroads, although they do not profit as much as they expected, have taken heart and are looking for a brighter day. The awakening _automobile trade will be vastly benefited by the lower steel prices. The psycho- logical effect of the steel cut has been quite marvelous and has added to the growing confidence in business circles. CHICAGO. April 15.—Exhibitors at the toy fair. which has been in progress here for the past fortnight and will continue throughout the month, report a satisfactory booking of orders, the volume being well in excess of the pre-war vears. The orders naturally are not up to those of 1919 and 1920, but, on the whole, ! reflect a very healthy condition in | City at 98—Flour Takes a dollar a bushel POLIS, April 15.—For first time sold under 38 a barrel at here at closing noon., One yesterday \ large mill 18520 to $7.90. local quoted under 38 a barrel. B ————— Not since July. $1.000 at 2 o2, $1.000 at 2. SALES. Washington Gas 7i5e—$1.000 at 1001 ashington Raflway genernl fe—$1.000 WHEAT BELOW A DOLLAR FIRST TIME SINCE 1916 July Delivery Closes at Xansas a Drop. KANSAS CITY. Mo, pril 15— Wheat for July delivery sed below for the first time since 1916. Dropping 2% cents, the closing price was 98 cents. Wheat reached its highest price here in . when it sold at $3.45 = the in_almost seven years flour the mills after- reduced | its jaudtation for family patents from 1914, millers said, has flour been Washington Stock Exchange t $1.000 at $2, $1.000 at 02, the trade. Toys no longer are re-| Wasington Railway ptd —1 at 613 garded as an entirely seasonal com. | MerEeathaler Linotrpe—3 at 119%.710 at modity. Department stores every- | '™ SR where keep their toy departments| . 2 . well stocked throughout the year. Taneios. Monotrpe38 o Sax oo at 77 This has tended to keep prices up as | 1 %. 10 at T7%. 10 at 75%, 10 at 7 against the day when the dealer |1 10 at 788, fhought he must either close out his Bid toy stock immediately after Christmas and Asked Prices or pack it away until next year. BONDS PUBLIC UTILITIES. NEW YORK, April 15.—Judge Rob- ert S. Lovett. chairman of the board of the Union Pacific railroad. just back from a trip over the Harriman lines, which took him to the Pacific coast. declares that prospects for an early revival of general business are excellent. “I base my prediction that business will be good after July 1. and on through the year.” said Judge Lovett, “on the prospects of good crops throughout the west. Cfop con- ditions are better than fer many vears. As to merchandise retailers all over the west virtually are sold out. stocks being lower than in a long while. Collections are better than 1 expected to find them. The banks are taking care of all necessary loans and from a financial point of view the sit- uation would appear to be as satisfac- tory as possibly could be expected. et s T OIL STOCKS. Rid. American and Telga. 4s T8y Aweries 1. nod Telga. 4le . 8T8 Aw. Tel. and Tel. ctl Se. .. Kl | Am. nd Tel. cons. s L { Au d Potomac 5s...... 70 Anacostia and Potomae guar. 3s. 70 and Potomac Tel. 55, N8 Traction R. R. 5 Electric cons. 5e. Potomac Elec. Power 6s... Wush., Alex. and Mt. Ver. S5e.. Washington Koy, avih Eiec, 4. Wash. Rwy. and Elec. G. M. 6s. MISCELLANEOUS. Riggs Roalty 5s (short) aeen W ington M; t 1927, 80 Washington Market . 14T, ™ W. M. Cold Storage 5s.. ™ STOCKS PUBLIC UTILITIES American Tel. and Telgs L. 1057 Capital Traction . i hington Gas . folk_and Wash_ Steamboat.. 180 - 5 i ‘0. | Washington Rwy. and b Comations omishod br W B. Mibhs & 0o | Ramingion 57 ot S S B id. Asked. | Washington Vi 2 & Anglo-American 0i1 Co. (new).. 16 161, = i :‘:’ n:dxs i Atiantic Refining Co. . W 0 pmerican 0. umbia £ mereial = trict .. L ‘armers and Mechanics 31 | Federal 145 | Liberty % | Lincoln National Riges Secu Indiana Pipe Line Co.. Washington . tional Transit Oo. Northern Pipe Line Co. Ohio 01l (o Pennsylvania Prafrie Ol and Prairie Pipe Line Solar Refining Co. Southern Pipe Line South Pean. Ol Ce Southwest. Penn. Standard Ofl Co. Standard Oil Co. Standard Ol Co. Standard Oil, Co. Standard Oil ‘Co. Standard 0il Co. 8tandard 0il Co. Swan & Finch Co.. 45 Union Tank Line Co. 107 Vacuum 0il Co. 300 Wasbington Ofl 32 PR S — DIVIDENDS DECLARED. Stock of Pay- record. able. Elec. Bond & Share. q. $2...Apr. 13 Apr. 15 Flec. Bond & Share pf.q.$1.50 Apr. 18 May 2 Fastman's Kodak. ex. $5.....May 3l July 1 Louisiana Oil Ref. Corp. pf, A. 316 ‘Apr.30 May 15 Louistana Oil’ Ref. Corp. pf. B. $5.5 Apr. 30 May 15 Stern Bros q ‘May 18 June 1 Unfon Tank Car p ‘May 5 June 1 Vacusm Ol Co., a, 33 “May 2 May31 'W. H. McHlwain 1st pf. q. $1.75 . LApr.15 May 2 *Correction. _— FOREIGN EXCHANGE. Quotations furnished by W. B. Hibbs & Co. Selling checks: Dollar vaiue— . 391 LIBERTY BOND NOON NEW YORK, April 15.—Liberty bond prices at noon today were: First 318, 90.04; first 4s, §7.40; se ond 4s, 87.32 bid: first 4%s, 87 second 4%s, 87.45: third 41;s, 90.6 4th 4%s, 87.58; victory 3%s, 97.60, and victory 4%s. 97.60. PRICES. Try This Treatment For Old Floors TRUST COMPANY. American Security and Trus ntinental Trust ... Nujunal Savings and Trus CUnion Trust .. | Wasuington Loan wnd Trost. . SAVINGS BA! Commerce and Savings. East ashington nts’ . vings United Btates . Washingtun Mechanics’ FIRE INSURANCE. Arlington 0 Corcoran o8 Firemen's 20 German-American 25 National Union .. % TITLE INSURANCE. Columbia Title . 4 Real Estate Title. ™ MISCELLANEOUS. Columbia Grapbophone com. Columbia _Graphopbone D. C. Paper Mfg. Co. Verchanta® Transfer ergenthaler Linotype 0ld Dutch Market com. Old Dutch Market pfd. Lanston Monotype Becurity Storage . Washington Market . *Ex-dividend. [ — FOREIGN BONDS. Quotations furnished by W. B. Hibbs & Co. Prices at noou: Berlin 4s. . 15 Greater Beriin 4s 143 2 ny 3 iy . 174 . 174 : f 4 ) | Hamburg 3%; . 0%, | Hamburg 4s. 305 Hamburg 41s: 395 Koenigsherg 346 TLeipzig 4%s..... Italian Ss.. . 42 Leipzig 5s. Ttalian notes 4 Munich 4s. 4 Relgian Rest Sa. 801 German gov. 3s.. Belgian Prem. 5s 734 German gov. 313s Pick out the floor in your home that has always looked 80 shabby. Select one, of the eight sttractive colors that appeals to you and apply a coat or two of . anize SANITARY FLOOR ENAMEL This is the NEW Costiag for OLD Filoers and washable. durable lustre thet will sot crack or chip off. to spply, it drissover- haadsoms fade-proof Colors. “Try Kyaniss Floor Kasmel and Your Floor Problom is Seiveds N Chas. Becker Paint Company, Inc. ‘Wholesale and Retail y’ 1239 Wisconsin Avenue N.W. Ainge & Bon, J. A. 9035 H 8. Nm, Brown, R M., 1363 7th St. N.W. Burd, Arneld L., 1533 Nowth Capitel St. Chevy Chase Supply Ce., 5630 Comm, Ave. Columbia Hardware Cempany, 3419 Ga. Awe. Earnshaw & Bro, B B, 1660-3 M Bt N.W, Emmens, George 7 Pa, Ava SE. Bnterprise Hardware Company, 3 = 927° $th Bt. N.W. Hasa, Fred 2034 R L Ave. NE. Hughes T ot 3. W & O B e W Richardson, F. %12 100 8 W, 71 Tth Bp- NW. o b, TSRS AR Congress neln‘t'-.';?-c.t,w 2 AM: Filline. Takoma Park, D. C., \ % J..B, Stmpson. Falls Churgh, Va. " .