Evening Star Newspaper, May 11, 1921, Page 24

2¢ ) 2 { of forty-two miles from Halg, Neb.. ki3 24 FINANCIAL, WILL EXTEND ITS ROAD. RE-ELECTS ITS DIRECTORS. ST. LOUIS, May 11.—The entire di- U. P. Contract Declared First in |rectorate of the St. Louis and San | Francisco railroad was re-clected at West Since War. | the “annual meeting of the stock- OMAHA, Neb., May 11.—Contract for | holders here. C. W. Michel of New = i ¢ | York was chosen for a newly created WBAL was BRI 10 b0 O e | directorship. Several changes in the watiroad construction work in thelomeial personnel were announced, west since the war, has been let by |including appointment of ¥. W. Green “the Union Pacific Railroad Company. | of St. Louis, vice president gen . It calls for the granting and bridging | ({ohaq. eral manager, vice W. A. Webb, re- —_——— Women rarely suffer from blindness. into Wyoming. : The new line is to be an extension of the road's North Platte Valley line. color- of The ““Thrift” Tire Quality does not nec- essarily mean high price — but Hood Tires mean money saved on your year’s to process country, special correapondent instructed to presen indications ns they renlly exist, are printed daily in The Ktar.) tarded by the building strike, as . or lockout, as it ]S the employes. Some }mwl‘ estimate | | called by ia called s THE EVENING STAR, WASHINGTON, D. C, WED 'ESDAY; MAY 11, 1921, BUILDING STRIKE IN CHICAGO RETARDS TRADE IMPROVEMENT Estimated 8.000 Men Idle by End of Week. Labor Holds Key—Situation the dettation and in business throughout giving BY A. D. WELTOXN. Special Dispateh to The Star, CHI AGO, May d improvem in busine: smploy being completed, but th Elsewhere‘ (Dispatehes marking the progreas rendjustment the conclusions %, who have been t conditions and 11.—The tendency is re- is that 8,000 men will be idle by the to Increase. the continuation of this policy would call for a further reductio the of [come for the ‘consumer who is appar- ently willing to buy at a price. Some Induntries Stagnant. Those Industrics dependent on farm- ers trade are stagnant. Implement and | akers are ly makers are running S0 from lubor qu. | the great bus s now t largely tween th d of the week Vhile a reduction of a point nearer run. ens of the waek While o f00e B0 fevel or their wages is the supposed point of d ~' chase onc another. Any tire dealer can get them from forence, the real contention is Jjuris- | Liquidat as affected prices n dif- HeEribd i u oti —for insta . whether an ent degrees o not waiting 2 nearby distributing point. See Tire Ao one L b iak I and 2|90 much for lower prices as for a natural 8 4 stable adjustment of them. Rate Book. TIRE ‘Hood Rubber Products Co., Inc., Watertown, Mass. Retailers are on the defensive. They large scale has been make s ractors al that of dwellings have “the way with the open The Foliowing Dealers Sell Hood Tires— W. S. Kenworthy & Co. John P. Sanner dollars construction were still receding. but so far as cos living is concerned higher rents taken up all the slack left by 1 ing prices. immediately if the Prices in is settled. general Retailers on Defensive. other ss of the steamfitter to do a bit of work the plumber on the job could easily do. Architects say that a_hundred million available for labor question e ower- Strikes Halt Construction; Open Shop Quaker City Issue BY FRANK D. McLAIN. Special Dispateh to The Star. N SLIPHIA, M 11 —Since the building trades no new con- are of are nu I which to make ali ssue th erous permi le mechanies he chief . . o to mediate do not 1621 14th St. N.W. 930 14th St. N.W. ! S Snal.s bring the employers and employes any S Ya aftolt the 1 closer together. The strong argument in articles. The carcful buying | favor of maintaining the high wage . A ey nas been just about enough|is the excessive cost of anthracite and J. J. Fister Thompson Auto Supply Co., Inc. 1617 14th St. N.W. 1713 14th St. N.W. I’J to consume current production. Perhaps the retailers have been care- ful enough to guage their purchases to the necds of the consumer. ‘Before the Curtain Rose— EFORE the Westinghouse Battery was introduced its worth had been proved. Dress rehearsal days had passed. The makers had paid to know that it was right. was not passed on to the motorist. This burden The Westinghouse resources of men, money and brains had been used without stint. In all this the value of the consultant was not overlooked. Outside ability was brought inside. Finally the first battery had a pedigree of worth and work Distributors of WESTINGHOUSE which enabled it to be labeled “Westinghouse Battery.” But this was not enough! To carry the keynote of battery economy further, care and attention were made available for every make of battery..This worthy task is one of the duties of this Westinghouse Service Station. The fact that you have a battery in your car is your pass to the privileges of our establishment. your battery is opened before your eyes and the trouble made visible. It is a liberal education to visit a Westinghouse Service Station. The better knowledge of batteries obtained will aid you in securing longer battery service. Make use of Westinghouse Attention. Have your battery inspected. Only when it is no longer economical to have it repaired will we suggest the purchase of a new Westing- house. Write or see us for service station contracts. MARYLAND BATTERY SERVICE, Inc. 1707 Kalorama Road, Washington Turn off 16th Street at the French Embassy—one block west, BATTERIES h Here your battery is given the kind of care that lengthens life. If necessary here If trading Is - 3 — - = Many Factories Still Idle. A few textile mills, not members of the Manufacture Association, are operating, but sixteen larzo factories making a specialty of full-fashioned hosiery are still idle, causing a shortage in that line of goods. An important subsidiary of the Mid- vale Steel Company reports no im- provement indthe iron and steel con- ditions, and at Coatesville, where an- other subsidiary is located, merchants very dull report trade I ate Harrishurg | 3 v had ts filled with bids for suppiies and the com- petition for road-building contracts has become unusually brisk. Money Regarded Tight. The city of Philadelphia is about to | float a new loan for the purpose of making municipal improvements, and there is expectation that this will take up some of the slack in the labor field, but there is opposition to this on the ground that municipal work will interfere with the plans of advo- cates of the open shop. Money is still regarded as_ tight. In the Philadelphia reserve district the rate has long been 6 per cent on com- mercial rediscounts and 51 per cent for government-secured paper. As these rates have been below Boston In prices or a higher expendable in-| i Uthe high price of ant basis from | however | ¢ .ioperate more free 1z manufacturers find af | easy and New York, the recent lowering of rates has not affected Philadelphia. The shortage in normal construction operations in the United States since America’s entry into the world war has reached the enormous total of £15.000,000.000, according to state- ments made at the meeting of the directors and council of the Associa- tion of Gemeral Contractors of Amer- jca in this city today. It was added that approximat 20,000,000 persons in the United States are dependent upon bullding operations. Not until a return to something like normal in {the construction line will general { prosperity once more smile on the | country. the contractors say. 1t will {take years to catch up with' the con- struction deficit and the consequent [ housing shortage is likely to keep rents at a high figure for some time. Normally the construction industry is the second in fmportance in the United States, being outranked only by agri- {culture. Both of these lines are suf- fering in the present depression. The contractors generally are optimistic, however, and believe that a turn of the tide is at hand * ok K X ! WILKES-BARI Pa., May 11— [ While much criticism is heard as to cite coal, op- erators here. in the center of the in- try. point out fact that the 1 pre t wage scales the miners do | not expire until next spring and there iis consequently little likelihood of any | srial change in prices for the next The wage agreements also af- bituminous mine lthough the bituminous operators, who are receiv- £ a low price for their product. are asking for wage reductions. Miners continue to be employed at the high- est wages ever paid and the mer- chants in this region are doing a splendid business. * Kk K ¥ NEW YORK. May 11.—Steady im- provement in the consumer demand for dry goods and wearing apparel is | reported by leading local stores and | collections are said to be good. De- being followed linquent accounts are more clo ttlement and con- | siderable being laid upon pt payments. On the other hand, disposition of ecredit men for S is at present to in selling able customers to Trade Shows Slackening i BY I V. SHANNON. Special Dispatch to The Stas ! 'NEW ORLEANS, May 11.—The gen- eral merchandising situation in this | city and section is for the first time reflecting the unfavorable oconditions that have prevailed in other parts of the country for some time. Trade in all lines shows a slackening tendency. !'This is not due to unemployment, such as affected other cities, but ap- parently comes from a feeling on the part of the consuming public that it is facing a reduction in must conserve its resou So far, | however, wages have held up remark- iries of any con- ut down and very reduced their able well. No ind fequence have s few have materially working forces or wag Workers Are Uneany. There are thousands of workers, however, engaged in the transporta- tion and allied industries, who are facing an inevitable cut, and the un- foeling brought ' on by the knowledge of this is affecting work- ers in other lines. The fact is that just enough people have been laid off in the last few weeks to spread this un- easiness. Another factor is the belief that the retail merchants have not vet done their part in the matter of price reduction. A reduction of 1 per cent in the dis- count rate by the Federal Reserve Bank in this district has not yet re- in New Orleans, First Timet 1. Yosemite National Park. A Studebaker LIGHT- SIX, piloted by Hart L. Weaver and carrying a crew of five men from the Chester N. Weaver Company, was the first automobile to reach the Yosemite National Park over any one of the three snow covered roads under its own power this year. The car went over the narrow and dangerous Coulterville road, bucking snow as deep as ten feet in some places, arriving in Yosemite Valley, | January 16. | 2. Round Trip Record Between San Francisco and Los Angeles. On February 2 the same car, driven by Hart L. Weaver and James F. Gurley of the | Chester N. Weaver Company, established a new round trip record between San Francisca and Los Angeles, a distance of 864.8 miles, in the sensational time of 21 | hours and 23 minutes. | 3. Coast Route Record from San Francisco to | Los Angeles. On the round trip record of February 2 the Studebaker LIGHT-SIX lowered the coast route record from San Francisco to Los Angeles by 2 hours, 35 | minutes and 20 seconds. The former record was 12 hours, 47 minutes and 50 seconds, the time of the Stude- bvaker LIGHT-SIX being 10 hours, 12 minutes and 30 seconds for the distance of 453.7 miles. The pilots were Hart L. Weaver and James F. Gurley. 4. Valley Route Record Between Los Angeles and San Francisco. On February 24 the Studebaker LIGHT-SIX smashed the valley route record between Los Angeles and San Francisco, running the distance of 411.1 miles in the remarkable time of 9 hours, 15 minutes and 50 seconds. This record was made all the more remark- | able on account of the car having to go through a dense fog a distance of more than 100 miles between Tulare ! and Merced. The pilots were Hart L. Weaver and James F. Gurley. 819 14th Street N.W. Touring Cars and Roadsters ' LIGHT-SIX TOURING CAR . SPECIAL-SIX TOURING CAR. 1750 SPECIAL-SIX 2.PASS. and4-PASS. ROADSTERS 1750 BIG-SIX TOURING CAR . 2180 E) 1485 | | FINANCIAL. sulted in a lowering of rates to the public. No Cut Rates in Money. Local bankers do not anticipate any material reduction in interest B because of the large amount of cultural paper which they are carry- ing, and the necessity for putting out more money for crop Agricultural intere: to reduce their 1 any xtent. because of the low for but commerc ave been repaid to such tent that the b, I immediate price 1 . the banking situa- healthy cond cool weathe ns of the past few weel seriously injured the cott crop. Those who are most v interested in this industry do nc pear to realize the extent of the d age, becausze their minds are fo i Suropean political and labor dis- e Present indications are June government report will prove quite a shock to many. For the third week in suceession orders for lumber have exceeded pro- duction by 23 to 30 per cent. NOTES. NEW YORK. May 11.—The dire pred ion that a linen famine is threatened for 1 is made by W. H. Webb, president of the Irish Linen Society. now in this country. Defla- tion carried the price of flax to such a low point, he says, in France, Belgium and Holland have sown only about one-tnird the usual acreage this year. An abmor- mally small crop in Ireland is ex- been the smallest in years. Rus: flax will not be produced at all taking all these fcators together, Mr. Webb feels that an acute short- age of linens next year is inescap- able. NEW YORK, May carpet auction sale by S now in progress, has been mark strong competitive bidding and s re holding to the levels of a month 11.—A new rug and and a new demand has been created. The low prices of the sale a month ago attracted buyers who had been in the purchase of floor coverings, Axminster rugs, 9x12, have sold at an advanoe over the prioces realized in April. CHICAGO, May 11.—Marshall Field & Co. are convince prices established in markets are very close to stabl are proceeding on that theory. Seems certain, they say, that if any e’ recessions occur, they vages and i tion drops already have occurred in markets mportant lines for fall this big concern, “are now in the hands of our salesmen on the road. The satisfactory business which has been recei in these lines indicates that retail merchants Lave confidence in today's level of prices and that they anticipate a con- tinuance of exceilent retail busi- ness. There are many more custo- mers in the market and many more mail orders received than during this period last year.” —_— BAR SILVER QUOTATIONS. NEW YORK, May 11.—Bar silver, the wholesale domestic, 99%; foreign, 60%. Mex- ican dollars, 46%. LONDON, May 11.—Bar silver, 3414 per ounce. Money, 4% per cent. Dis- P | This is a Studebaker Year . COMMERCIAL AUTO AND SUPPLY CO. Prices f. o. b. factory count rates: Short bills. 4% per cent three-month bill; per cent. that growers pected, the sale of flaxseeds having th & Sons. | »g0, although recess had been | Fast Washington 2 expected. One of the | Merchant good buving is that the goods pur-|Securiiy chased = month ago already have|q been moved through retail channels holding off for three or four years that the new the wholesale Washington Stock Exchange; Capital Washin Traction Bid and Asked Prices i BONDS weh. Alex Washington ¢ Washington Wush. Rtwy. Wash. Ry n . Washington Market o 1 Washington Market 5 T STOCKS PURLIC T American Tel g Capital Traction . Washington Gas Commercial District . Farmers and Mechanics' F 1 Lincoln Nationul Rizes Second : Washington TR Commerce and Saving FEARPASSNG OF STEEL DVDENDS Rumors Affecting Distribu- tion Cause General Weakness. BY S P WEST. NEW YORK. May 11 —Like every- thing else which has been fully ex- pected and has had time to be reck-y oned on, the German reparations set- had almost effect upon markets today. It was not. of that the great rtance of settiem ‘ the worldwas but sim- x)l}‘ that 1t} « movements, had discounted e more immcdiate on b tlement the cour: this imyp ews actively bought for n the prospect of Ger ing being resumed. This co tion alfo played some part moderate rise which occlirre ton options. In the exc an buy- sidera- in the in cot- nge market the setile- ment announcement had been so well anticipated that sterling and francs both came down other hand, the strength of marks was again highly interc Crossing 0162, they recove fully half the entire 1 high to the extr he break-off of his certainty does not fit wit desy the which hav many reg in case 1l maximum cla Street's Gloomy ck market held out Pred tion. was soon rorge Arlington Corcoran . Firemen's .0 German-American National Union Mergenthaler Linotype . 0ld Duteh Market com old_ Da arket pfd Lanston Monotzpe urity Storage ... Washington Market | d by W. . Hibbs & Co. Dollar values at noon today. 983 Rudapest . ris . 836 Pragu 5 Brussels . 836 Warsaw . Berlin . 18 C Rome 5 Christiania Madrid Stockholm . Zurich Amster Athens 5.0 Belgrad Vienna 251 Montreal PARIS BOURSE QUIET. PARIS, May 11.—Prices were quiet on the bourse today. Three per cent rentes, 57 francs 60 centimes. Ex- change on London, 47 francs 80 cen- times. Five per cent loan, 82 francs 70 centimes. The dollar was quoted at 11 francs 99%: centimes. pr of more immediately consi home ab d compa Republic Steel in the inde and Chandler ations mnearer street was full of talk duction and passing of In addition to the tioned yesterday, we and Lackawanna Steel pendent steel group among the motors. Both these steel companies are té ict upon dividends during the pres- t month. and inasmuch as they will be showing heavy deficits in carnings for the sccond quarter, the entire of cash disbursements dered likely is abrupt manner the the March m mprovement. would be reduced Some Firm Spots. There were quite as many points of strength. Pacific responded promptly to an ex tatement of its earnings—the s been given out—showing a surplus of nearly $5,000.000 before taxes, but without including the large additional revenue from associated oils. Other of the low and medium priced oils were carried along sympathetically. There was also “special buying of the leather stocks and American Wool in recog- nition of the fact that thes dustries have bevond a qu pleted their readju —_— LOUISIANA SUGAR OUTPUT. The NEwW LIGHT-SIX now holds the five most important automobile road records on the Pacific Coast, a remarkable feature being that all the honors were won by the same car, a stock touring car, within ten weeks 5. Los Angeles—Phoenix Record. On the morning of March 23 the LIGHT-SIX left Los Angeles in an at- tempt to lower the fifth and only remaining record of consequence on the Pacific Coast. The 422 miles of desert trail from Los Angeles to Phoenix were made in 13 hours 16 minutes, and 2 hours 28 minutes were taken from the best previous automobile record. The railroad time is 14 hours 20 minutes, or 1 hour 4 minutes slower than the record established by the LIGHT-SIX. Hart L. Weaver of the Chester N. Weaver Company, Studebaker Distributors in San Francisco, made the following statement after the completion of the Los es-Phoenix run: “These tests have demonstrated on the road every- thing that Studebaker engineers have claimed for the new LIGHT-SIX-cylinder car. When it is remembered that the bore and stroke of this car is only 3% x 43, giving it a piston displacement of 207 cubic inches, and that the car fully equipped only weighs 2500 pounds, these records are all the more remarkable since most of them were formerly held by heavier cars costing much more than the Studebaker LIGHT-SIX. I am inclined to believe that the secret of this car's wonderful perform- ance, and roadability is due in a very large measure to its remarkable balance. Halved or quartered the parts of the new LIGHT-S1X would weigh approximately the same. “In making the Los Angeles-Phoenix record I am frank to confess that despite my faith in the stamina of Studebaker automobiles I could not believe that any car could make the speed over that desert road with its ruts and chuck holes that was necessary in order to lower the record by a large margin without falling to pieces. Any automobile, irrespective of weight, power or price class that can lower the record established by the Studebaker LIGHT-SI1X will have my most sincere admiration.” Telephone Franklin 3075 Coupes and Sedans’ ALL STUDEBAKER CARS ARE EQUIPPED WITH CORD TIRES Cane Harvested in 1920 Shows In- crease Over 1919. NEW ORLEANS, May 11.—Louis- iana produced 4,000 pounds of sugar and 4,639.5 ions of sirup from the cane har d in 1920. The production of 1919 000,000 pounds of sugar, and 000 gallons of sirup. These figures Lionel L. Janes, were announced by the Louisiana statis- tician of the bureau of crop esti- mates, from a summary of reporis received from the sugar and Siro) factories. GOOOYEAR PRICES CUT. AKRON. Ohio, May 11.—Reductions ranging from 11%3 to 20 per cent on the price of tires are announced by the Goodyear Tire and Rubber Com- pany. The prices became effective May 9 —_— OIL STOCKS tations furniehed by W. B. Hibbs & Co. Quotations fu o Pes Crescent Pipe Line Co. Cumberland Pive Lio r Refining Co. thern Pipe Line Co. uth_Penn. Oil Co. UNION SAVINGS BANK OLDEST SAVINGS BANK IN WASHINGTON WELCOMES YOUR ACCOUNT 710 4TH ST. N/W. By Spinal Adjustment. Physiologioal and Electrical Therapeutics SAFE, SANE and SENSIBLE SPECIAL—First six (6) treatments, $5.00, paid in advance. Conxultation Free DR. LOUIS W. HOFFMAN,