Evening Star Newspaper, June 3, 1921, Page 24

STON, June 3.—The Comme! Bulletin tomormow will say: “The wool market is quleter, manufactur- ers apparently having covered their immediate requirements and finding no necessity for further buying of moment, although the goods market is reported in a healthy condition and the mills are well occupied. Buying §s rather more general in the wei and values are very firmi on about the Jevels of a week ago. Comparatively little is being dome:in theibright wool states.” PARIS- BOURSE HEAVY. PARIS. June 3.—Prices were heavy on the bourse today. Three par cent rentes, 57 francs 30 centimes. Ex- change on London, 46 francs 69 cen- times. Five per cent loan. 82 france 70 centimes. The dollar wassquoted at 12 francs 1 centime. — e . OUT-OF-TOWN' REAL‘-EE'TATE. e 2D HOME— Wi | F———— & acres land: fne garden and spriag. 1,200- 1t ‘elevution: magmificent scepery; ideal sum- mer home: near Washington: buy’ direct from owner. Address Box 139-M. Staroffice. 5% TY NORTH BEACH. MD. SHADY. NEAR e tetman Write EDWARD WIDDIFIELD, 3941 _Catvert st. n. ¥ R ME EACH—-FOR SALE OR RENT. Seitages o orth Reach, Chesapenk inc. 6107. APPLETON CADY. 723 Mase ave. n.e. POR RENT—NORTH CHESAPEAKE BEACH. furnished by for light housekeeping. TWO DANDY WATER. Evening & Sunday Star 6(0c a Month Delivered by Regular Carrier in better financlal condition than b T. R. Bennett, state superintendent of banks, attributes the reopening of * HAVE REOPENED SINCE JAN. 1 [kt ittty thed . conditions In the country districts and regards their resumption 5 i ' P eclared today tn 1 other o declared today that several othe orted to Be in Better Condition Than |, ittt otey that severatothss reopen Within a few weeks, adding iod of Depression—Trade | have lost & cent through their period erore erioa O: ression radae e ttvity: b s . s ’ Spurt in Auto Trade. Situation Elsewhere. ‘busin in this section, stands out as X one of the hopeful signs of the busi- (Dispatehes marking the progress banks in. the smaller towns of Geor- |ness world. With few exceptions which had been forced to close X ne oo Dusiness he the distributing point for the soutl :-- try, ’.a-lvl-: the '::’::n‘-:::- 'sl during the period of depréession, have | east, report an unusual demand, which apecial correspondents, who have been | been reopened since January 1, they frankly attribute to factory re- dica The bulk of the sales, however, are e Y, Syolly exiat, 8T€ |y the state banking de artment. | being made in ‘the citles. and it is BY RALPH SMITH. These banks, the annonncement de-|obvious, in the automobile busi entirely satisfactory to the de-|tricts were harder hit and are rg\'l\'- ATLANTA, June —Twenty state | partment and to their patrons and are | ing I‘Q?re slowly than the urban com- - munities. There has been for the last month a good dvmand for building hardware and lumber throughout the section at obtained heretofore, the demand com- ing from the cities and larger towns. Atlanta and several other citles the corresponding month a year ago, practically all the building being con- fined to dwellings of moderate cost. their trade has held up remarkably well. but that it requires more effort and expenditure to stimulate sales, as fied with values and for actual re- quirements. {Shoe Trade at St. Louis fore the period of depression. unmistakable sign of returning P! hat {n no instance would a depositor A sudden spurt in the automobile of the defiation and recdjustment branch managers in Atlanta, which i instructed to presemt conditfons and | .,rqing to an announcement today ductions in prices. o clared, now are functioning in a man- |as in other lines, that the country dis- Special Dispatch to The Star. n Mardware and Lumber Active. prices far below the level which has showed more activity in May than in The larger retail merchants report the people are buying only when sati: Active;,Other Lines Quiet "FHE EVENING STAR, WASHINGTON, D. woor, mazxer eviEr. |99 CLOSED BANKS IN GEORGIA no| merce in general is at a_standstfll Prices still are erratic. The meve: ment, a rule, is downward, even to polnts below what is regarded as the normal leve!, but each trace of favor- able or unfavorable news affects advances or decline ¢t An outstanding feature of May was an increase of 70 per cent in the re. ceipts of sheep and lambs at the Na- tional Stock Yards, as compared with May, 1920. The recelpts were the largest in many years. Cattle receipts for May were 68,321, decrease of 1,856 head, compared with May last year hog receipts were 260,783, a decrease of 57,663; horses and mules were 3,18: decrease of 2,412. Prices Lowest in Years. Prices are at the lowest level in years, with packers showing reluctance to purchasing on a large scale. In the grain market foreign demand. from grain-producing territories of dam- age caused by severc weather are stimu- lating the markets. Final reports from the fruit-growing regions of the southeas. and southwest signify that the crops will be the poor- est of record, due to frosts and rain. A partial crop of late apples s promised. Yard Goods in Demand. Demand for yard goods. the heaviest In several years, is sald by dry goods men to be the principal indication in their business, implying that women are dojng their own sewing. To a less ex- tent. " clothing manufacturers report a similar movement. Coal production g0 far this year in Illinois, Indiana and Kentucky is said to be 25 per cent less than for a similar period in 1920. Automobile price reduc- tions have accelerated sales in this line. The chemical industry remains un- changed, but there is some improvement in the dryg business and a growing vol- ume of candy trade. with lower prices. Investigation shows the public is buy- ing to xuit real requirements, and there is manifest a waiting disposition among retailers.. FRIDAY, JUNE e which under present uncertain- ties as to prices are being held up. Behind Last y Shipments. fined feeling here that instead of backwardness of other holding up the motor business as|, holding back all business. And of pends an th abtead of Ma! Central figure: Parke, Davis & Co. officials say, con- ness is normal. Local Crop Prespeets Faverable. Strawberries and native potatoes are making their appearance here in increas- ing supply, the former at §8 a bushel dance, but both at more than eastern and are not peing taken. On the surfeited with consequent sagging prices. cents in tubs. The first green peas are on the market today, and sold at 38 a bushel—the same as a year ago—and also the first local celery came in, bring- ing $1.75 a dozen. Crop prospects in Mic) n continue favorable, with large yields forecast all| yngio American Oil Co. (new) Atlantic Refining_Co. through Northwestern Michigan. 'l'he"l‘iry goods trade and haberdashery mser sales are encouraging. There is slightly | Bockeye Pipe Line more unemployment than last week. but | Cheseborough Manafacturing Ce. % a large amount of municipal work ahead is the leaven which is keeping the average up. Notes. NEW YORK, June 3.—It now ap- pears that the amount involved in ever experienced by th company. STON, June 3 In fact, there js & pretty well de- |, BOSTOR June 5= opinion expressed by leather men industries | yo¢ the trade would continue on the v er volume Beretofore cltimen that “the CADH- | Doy for ool tiathae in: SOteE, clousness of the latter as to prices ia Witk firmer prioés. ~The supply. of | sole leather-still is large. but course the general trend here de-jorders from shoe manufacturers are rise and fall of motor|of a volume Gar sales. Judged by the number of | ¥gncy leathors have by outbound loaded cars we are still|dropped out of the market, 1919, although behind | enjoying a good demand at prices May, 1920, according to Michigan |that are nominal ‘The tone of the ubstantigting tl IBAD-CHECK LAW 1S to inspire confidence. 5 NEW YORK, sidering the decline in prices. their busi- | gtatements that the volume of retail trade in the department stores of bank questionnaires returned | the country this spring has been well from over one thousand houses show 49 | ahove the normal are verified by & per cent of improving business, 38 per!report just issued from the bureau cent no change and only 13 per cent de-| of research and information of the CQlining on May 31, compared with April | National Retail Dry Goods 0. remains a stabilizing®factor, and reports| 3 3.—Repeated stores for the first four months o ar, compared with sales fo same period in 1920, were only and the latter at $1.50 for 150 pounds. ‘Smd’::rwuf:el less in doilar volume. Poultry and eggs are offered in abua- | Stocks wefe 20 b | this ye: j the _———— OIL MARKET. Quotations furnished by W. i £ BEFORE CONGRESS ICredit Men Ask Bankers” Aid to Secure . Enactment. Summer Adjournment. - BY L A. yLEMING. Under date of June 1, 1921, the Washington Association ef Credis Men has cireularised the bpakers of the “District, asking their aid and “Sales by 282|hearty co-operation in putting over a “bld—chxk law jn the District of Cos lumbia. . Time and again efforts in this Gtrecs 1921, than at the|tion, but now there seems to figures, same time in 1920, but were :A: p:r grohulllr that the measura, t larger than at the end of the whole, the produce and fruit market is :fi:fld,‘;{, A g e decrease in the value of stocks re- |l Beat creamery butter Is plentiful at 26| decreass in the vatus of Foc 20 per cent smalier at|tion have been neutralized by 01." = H R, 307, as intreduced i of .lv Frederick H. The measure is copied from Maryland law, which was ..-ud‘:; the legislature of that state im 1319, largely through the actiom of th. credit men of flflhn‘l'm Kew York % & Co. associations, sided Sy Asked, | MR Of Maryland. It is not the intent of the - tions of credit men to Immmnl- ties for carelessness, and there must be a valid and palpable attempt to de- fraud or an actual defraund of mer- chants or others through deliberate Dl};‘lh;‘( of worthless checks. matter and to keep in touch with the association in the Colorado building. The bankers’ association has dis- gether: 110 ft. water front 200 ft. deep BY J. N. FINING. Annapolis. Easy terms. Api i Epecial Dispatch to The Star. ST. LOUIS, June 3.—Rusiness con- tinues to improve in the shoe industry, but in all other lines of trade and man- ufacture in this section it seems to have settled to the usual summer level, | Special with the modification resulting from cussed this matter time and again and has given countenance to efforts in that direction, the “n. g.'s” are such a factor in the daily clearings as to be a burden to every bank. Quiet in Loeal Banks. After three very busy days business at the banks showed a decided let-up. June coupons were due June 1 and iy payable on the $11,643.000 4 per cent 4lo | bonds of the Washington Railway and e |Electric Company, and on the $5.800.- > Transpor the settlement of the affairs of | Yom, York Teapsporl Auto Price Cuts in Detroit | iisien Bros. & co. the international | oilo 517 & i fur exchange of St. Louis, is $25.- | Prairie Oil Said to Be Check on Trade | 000,000, represented by bldnk accep Erairie Pipe Lioe Cor._0; el N A ances. The company failed vesterda to take up its acceptances, and it is |Solar Befaing Co. .- spateh to The Star. 0il - DETROIT, June 3.—Sentiment in re- hinted that the New York banks in volved are willing mmudterll: the ac: il: on salt wat W i it | i st i i it i y ness here continues unchanged, al- {ransfer of its activities from St ; b _ £ lhonghdl‘:\e conlinube? price rcum an-| 5 0ls to New York. = nounced by automobile manufacturers e 900 Capital Tracti are tending to keep the public upset| NEW YORK. June 3.—The silver- |Standard O Co. Sew I3 |the #1.000.000 fir:!on‘f:e::l':;lo.fm(:‘: a8 to the buying of cars. ware trade in May showed a decided | xwan & Finch Co. 20 40 |Washington Railway and Electric There is expression of opinion on all | gain over April, but still is reported 18 | Company, and the cashing of these sides to the effect that if only the | below May, 1920, All articles design- 3 |kept matters busy Wednesday und manufacturers would lay all the cards | ed for table use were in large demand. 32 | Thursday, while banks were crowded face up on the table and put up a| June, with its many weddings and with depositors all wee: price list which would stand more. or | graduations, promises to be another Entering tax checks by the millions less permanently the industry would good month. One large concern in, of dollars has given the ledger keep- benefit by the stimulation of many ' this cily reported its May sales as ers all they could do. i CALL MAIN 5000 and the service will start AT ONCE For <al Farm of over 60 seres, improved by Iarse houes, barn and outbuildings on salt 30 miles from Wiashington: plenty of large water frontage; cleap at near Herring Forty acres of river. Ouly 3 Tots on salt water, near-Herring bay, from $150 up. Five acres of unimprived ¥; artesian well o place. e — FOREIGN BONDS. Quotations furnished by W. B. Hibbs & Co. t sitnated on West rives e ba o1 and cellar: suitable for ctub. Apply to own LOUIS I FRT. iowavs, Md SUMMER COTTAGES. FOR SALE. ATLANTIC CITY HOMES Detached with Private Garage urchaser. NORTH OF B.. CHELSEA. ) 11 Bay S June-15 or pos WALTER REED GENERAL HOBPTTAL = led proposals in_triplicate wi Te- cetved until 11 a.m.. Juse 10, 1921, and then ington. to" Constructing - Quartermaster. ‘War Trade bldz.. Waskington, D. C. _je2t exSu SEALE the RBureau of Teceived opened at asterinz in_miscel: y 1. Regular 4-1b. that will startle the town. | Prices at noon e Potomac Electric Power Com- | Bertin 4 . 15% German gov. 46.. 143; | pany paid off the coupens on $17700 - Greater Berlin 48 15 gov. Bu.. 000 first 5s. On the 15th instant! semi- TRUNKS MADE TO ORDER s 5 4da 34 | EPYRLIMST R, will be due on the firm c ol Bad. Aniline 4122 21% |33 liberty bonds, and various later in- , ogne Mein'ger Bank 4a 171; | SU€S into which' they have been con- o 4 173, | verted June 15. 1,¢ Checks were received on the 1st re. Vienna 4s....... 3w |the great bulk of the 36,000 000 . Vienna el ”&ono: p-y}g‘he qnxarurly dividend. 5 F : rlington Fire Insorance, East barg 3s e % 57 | WashinEton Savings Bank, Columbia TRUNKS AND SUIT CASES e i | T e b S ! .4 nce companies ! —— e g 4% disidends during Jame. ey S ‘ Bankers® Convention. o : 2T Gonld, chatrman of the com- o i ee on tennis, announces that , FOREIGN EXCHANGE. the games at the rn‘:lr:'fnllmn‘ -‘l'; Quotations furnished by W. B. Hibbs & Co. | matches will be best twa ont of threr | Selling checks: Doliar valoe at soon today. | EC1R :’o'"l',,.'"['t:l':’"'::::e::‘ e y. wo ” ] ® olkde fou . s s pandsome silver cups will be given ted e winner and the runner-up, (Formerly James S. Topham) - open Sl e et be sabis wihs M. 5 i efore real n; ite v Established 1855 o - > e | 3 game. Montgomery of the Wash- FoxSPRr~cs A . lerade inEton Loan and Trust Company will n g, iy 2t sorc cove vertising,” and James D. Yerkes of g AT T the Federal National will ‘talk on Bty el o o il SPECIALS FOR SATURDAY AND MONDA | arler smcials tn She Virious banke . bowl alley, tdoor sports. Junior 1w i BT oo e e St O VIR P F Y ooy Smciels i e Tirious banks Higtctsr ool b0 S oF | sible reforms That might bo of aa- o e 5.000 9 vagtage for discuswion at the'conven- i L, : 9x9 OFFICERS’ TENTS e R gy — 5 | R, Harper will: review the work An-w“l s‘ of e association from organisation. s shape, indicative of a rea! bankers ' ets gathering. Latest information isthat Bll.llk Gll’bll! Controller Crissinger may be the ° Fuest of the convention at the last session. . 95 Coulp'l’de With Poles, Cans Richmend Reserve Baak. : egs, Etc. The sixth annual report of the = e | Richmond ~ Federal = Reaerve = Bani eposit of $5 Reserves ot things. that th 3 il % 3 B Tent 30 D.'\" | | e average daily . v ge of the previous year. The 2,000 CAMP !I.AIRS, s 98 transit department handied in the | S . year 1 tems for a total of | New—with arms—for porches, lawns, boats, etc. = c S gt g g compared ] 4.3 ites for a littk 4 Ideal for campers-out. : i-39. 000 in 1919, s *——_———cou report stresses the value of the PON. private wire svstem of the bank wl ® greatly assisted in busi- , Another Purchase of 5,000 Ibs. of Granulated Carton ness, as Washingion bankers know, ; : through their daily settlements with- {out cost. Messages numbered 36.000. Gross earnings were 36,909,143, of {which 23 per cent resulted from dis- N c count of paper and purchase of paper. | <a - , J o Average rate on discount was 5.68 l‘ouu 10 member banks on paper wer- 3 $3.677, or $4.000.000 less than pproxi < may_be obt ] Blankets Perfect Quality on Mecnanical Jezat LIKE A TIDAL WAVE the Price Reduc- Overland i tions on New Cars have literally WashingtonCollege swamped our selling force. The-Result— many Used Cars taken in trade. of Mustc, Inc. Og:n All Sum::er THESE HAVE BEEN THOROUGHLY OVERHAULED—And bear in mind that a car has to pass a most rigid inspection before o e S it can be included in a Sale. It must be me- 1 Students May Eater at Any Tims, . chanically RIGHT, because.our reputation is 14 1 ranklis 4401, behind it. MOVING. PACKING & STORAG! LIGHT AND HEAVY HAULING BY NOTOR ‘;w?n'r FRANZ, 530 25th st. Imagine a good Used Car as_Lovy 225 Only One of Many Bargains TERMS! A Few Exémples-Many Others Willys-Knight Touring . . ..w.os. . . ... $575 QOverland 85-6 Touring. . ........c1.... $785 Mitchell 7-Passenger Touring. . ......$225 Willys-Knight Coupe ..... ... $725 Overland 90 Touring.....w..... . . «.. $400 Overland 83 Touring......a.cccnm:..com $275 Studebaker Roadster. ... . ... .. .m.$300 Preoss Ba .. 17Y Rerliner Bank 48 17% { for the dividend on Lanston sha: | igsberg “4s. 2 X | Leiprig 4 2 Italian 5s...0 0. 443 | June 15 two Treasury certificate Broken Trunks R ed 5 Italian notes 1925 541, | isSues mature. one for $242,517,000 ' epan’ | Mum 117% Belgian Rest 7 | and one for $i88.123.000. { 2 Bely . 811 Beautifully_located at bistorlc Capes reiein L:“-‘B‘mneu B or W The program is rapidly taking — i | With Cover 1920 - shows, with other Der cent. The local Stock Exchange h MANY DEMONSTRATING CARS IN- -CLUDED—Cars that have bhad the best of care; Cars that have been handied by experts; Cars that have been through the tuning-up Oun St sre proring Oe dauy. process; Cars that h..'e been tried out in Carefal men. Padded vaos. every known gruelling test and “MADE JACOBS TRANSFER CO., INC. GOOD" e n. North 9500. 5 S DRY STORAGE FOR FUR: oration, "WEACHLERS, PRICES ARE CUT DEEPER THAN Phowe M EVER BEFORE—Taking the cue from the Reduced Prices for new cars, these Used Cars are PRICED FAR BELOW COST. E Y CAR IS A STANDARD CAR— Every is in good running condition. The Paint, Tires, Tops and Upholstery are good on every one—better on some than on othera, THE BEST CARS WILL GO FIRST— That is only natural. If you want one—GET AROUND EARLY. You've heard the story of “The Early Worm.” Now it’s up to you. - | Fine Jack Frost Cartons of 2 lbs—Limit 4 lbs. to a Customer—Sold Only With Coupen i initi- | —_— ! Jiated the usual summer Ssieurnme: s HEADQUARTERS FOR CAMPERS’ SUPPLIES, ETC. | ity s 5 Business today was confined chiefly 8-1b. Cans of Assorted Jams... Canvas Folding Cots. .$3.00 0 Railway 4s at 61 and Anacostia ss Jolb. 10-0z. Cans Vienna Sausage New Steel Cots. ; s oy (Camlial Traction hires Best Wasco C;fi'efe gmuig Bars Quaker Corn Puffs haki Breeches Jars Best Mustard. Web Army Belts. DEPRESSION HAS PASSED, 15 Ibs. Karo Syrup. 4 Yards of Fine White Drill Recl. Overalls and Jumper New Army Plumb Axes.. SAYS GOV. HARDING Recl. Raincoats. . U. S. Army Picks (with 3 - White Coats and Pants, each. Officers’ Raincoats..... Officers’ Suede Coats. Recl. Steel Cots..... Comforts (special value) 16x16 Pyramidal T Je1t W. B. MOSES & SONS, 1ith AND ¥ N.W.— Modern fireproof storaze. VE FCONOMICALLY Your freigh® or howsenold s MODE] FTREPROOF STORAGHS . LARGEST VANS ON THE ROAD s {Reserve Board Head Declares Facts in Optimistic Vein to Auto Men ig_lnv York. - NEW YORK. June 3.—The business ' depression of 1921 has definitely pass - ed and the financial condition of the jcountry is such now that it should {inspire only optimism W. P. G. Hard- New Hob-Nail Shoes.............. lln'. governor of the Federal Reserve Recl. Shoes (repaired and rubber eels)...... i”""’mn’ the aamgel opare : — Recl. Ticking Mattresses. negz £ TROUS New Khaki Pants. New Khaki Pants. LARGE CANS OF Eagle Brand Asparagus . . .27c MONEY, Extra Fine and a Bargain Price = BAV] TIME. WORRY LOC. AND 3344 LONG-DISTANCE MOVING. CRATING, PACKING, SHIPPING. Yeur furniture insured for lle in oue jeng-distance vans: $500 emall and local vame. ®"UNITED STATES® STORAGE CO. E reproof Warehouses ESTIMATES O"u SV 2i8 25550 PHONES :&0ic3@38 $85538% The Big 4 Transfer Co., Inc. 1175 14th St. NW. ne Main 3054 Specialists in _ Long-Distance Moving The Central Transter Cor B L MARYIAND AND VIRGISTA “SONURBAN. i€ 8 STORAGE et | Harper-Overland Co tlonal” Automobils’ Chamber of Co S st e 4 e —ts Temimars Do Harding said. U. S. NEW RUBBER BOOTS. e $3.25 Fine Orange Pekoe Tea, Ib. New Blue Denim Overalls & power. When you start industry you sutomatically another. 16x16 Pyramidal O. D. Wool Army Shirts. , NEW ARMY New Wool Army O. D. Pants. RUSSET SHOES, SPECIAL.......... Leather Work Gloves........ OFFICERS’ NEW LOW SHOES. Mashogany, plain-tip last, in all sizes. Special at 5 - ‘ OUR REPUTATION a3 a hoase of known reliability and proven is right be- hind every car in this sale. LIBERAL TERMS to responsible parties for those who do not wish to puy entire - - - - price at once. “ R 1128 Connecticut Ave. N.W. 9335thStreet NW. 1348 U Street N.W. SETE TONDNG SIOSAR\S Phone Franklin 4307 303-5 10th Street N.W. 3052 M Street NW. Rechaimed