Evening Star Newspaper, August 29, 1921, Page 14

{ 1 5: . r 14 MONDAY, "AUGUST 29, -1921." ' lNG sstm)a .L,"'éEfiélf ulluTgungs Exercise. HE::ELEST oF casHiER |INDUSTRIAL REVIVAL SEEN TINN S hried Shre e e i (s OWS DISCLOSURES| N NEW ENGLAND TERRITORY Cleveland Reserve Bank Notes ExXERCISE oR I'D DIE, THIS TRIP WiLL EXERCISE. Mariners’ Harbor Bank Official, ? . Progress, But Sees .Stumbling :::R.fyyllfi:: ;3’:;3:5 '.‘L‘-“L‘:';s- THis SITTING Staten Island, Accused of Be- I 3 C T 1 M You iy inotinced s New Block in Some Peak Prices. I'M S0 SOFT ANO FLABBY ' ;::fs";lz‘;y sponsibility for Shortage. mprovement an otton Exltco ost Teams e L eme gl em s e o atny zonk evs sz | Notable Development—Woolen Mills repaired. Get cur advice and estimate. Service is _ quick sefVice as well as satisfactory and i economical service. | ' MAURICE J. COLBERT 621 F Street Main s016-3017 Best Results signs of improvement during the last few weeks and the undertone of opti- mism, scarcely audible in the quiet recent past, éan be heard more plainly, accord- ing to the monthly business review of the fourth federal reserve bank issued | today. Progress has been shown in iron and steel, not only through ‘‘seasonal spurts,” but through midseason depres- sion. The automobile business, al- though not satisfactory, has made con- siderable progress. More bills against coal shipments and warehouse receipts of coal have been drawn in this district than ever before. Unfortunately, the statement con- iners' Harbor Natlonal Bank of Staten Island," who was arrested in July on charge of misuse of its funds, was :nr.r:u-d today when the bank was th“ d rt‘“nm Y8 for the bank said o shortage was more than $300,000. When Bedell was. first® arrested it was charged he honored overdrafts of the Johnson Shipbullding Corpo- ration, now in the hands of & re- celver. Bedell and Robert Mac- .| Gruder, president of the shipbuliding concern, were indicted and it was al- leged they had a ocollusive arrange- ment to honor certain overdrafts. Bedell admitted then. that $114,- 000 had been misappropriated, it is . Operating at Capacity. Special Dispatch to The Star. BOSTON, August 29.—Real 1im- provements in industrial conditions in New England have been noted this week, but despite that fact a feeling of pessimism Is growing manifest among bubiness men. This 1s at- tributed to the slowness of the recoy; in the east. Automobfles. BOSTON, August 29 (Speclal).—The Boston and Maine rallroad has an- nounced a cut in freight rates on all branches within fifty miles of this city to meet competition by independ- en auto trucking companies. BY EDSON B. SMITH. ’dne to demand for building purposes DETROIT, August 29 (Special).— A. T. Waterfall, vice president of the —Paintin tinues, there are some people who have stated, and the Z |ery. Improvement in cotton textiles 4 et et Promptnses | | £.5i04"to see the light and are holding atitution made” gend At once. Sine 5 Dodge Brothers Motor Company, an- Uph km“fl = Oux Matle, hard to their peak price policy. Their then bank exam{vocs working on the | s the most notable development Of [ nounced today that the Dodge fac- —Uphol ing . ot A 0oks b: on the |the last week. Many brands of ging- | tories are hovering around 90 per cent high prices have placed a .\umb“"z rought further misappropri- hams are already sold to next spring, | of production cln‘ac]ty and l‘;l.l'; :hq For Quality Work at Moderate Cost Consult GCO- Plifl co" lllc-. 1325 14th St. Main 4224-5 FRIGIDAIRE Iceless Refrigerator for Homes Operated by Electricity Full automatic, clean and i Eliminate ice and all its nuisances. 5% follow our Thrift advice. Apply yourself steadily, T | shares of the present stock will re- Interest on Your Savings Compounded Twice a Year Few reasonable desires are beyond your reach if you save money regularly, deposit with us for safety, invest block ingthe path of business. NEW DIVIDEND POLICY. General Electric Cempany Circular Outlines to Shareholders. NEW YORK, August 28—The Gen- eral Electric Company has issued a circular to shareholders, dealing with the question of its stock. dividend policy and with general business and financial aspects. Regarding stock dividends, it pro- poses, for the better protection of its small shareholders, a dividend of $5 a share, payable annually, in place of the 2 per cent semi-annual dividend now declared. % Under this plan, holders of two| ceive one certlficate of $10 of a fixed dividend stock, enabling the small shareholder to add conventiently to his holdings through the medium of stock dividends. deny yourself occasionally, WRIGLEY'S 2 JUITY FRUI 'of q CHEWING.GUM o the pre-war price. And to the same high standard , vality. s No other goody lasts so long L atlons to light, it is alleged. B"]‘:.o‘:lflr':l:u !nl;ioszleoanlfltutlnn e8 0 000,01 d - Dosits of $800,000. : st BAR SILVER QUOTATIONS. NEW YORK, August 29.—Bar sil- ‘ver, domestic, 993; foreign, 62%. Mexican dollars, 47%. LONDON, August 29.—Bar silver, 38%d per ounce; money, 3% per cen g:colel:lnttrlt:h short bills, 45 a4 11-16 i three-month 413-16 per cent. = bills, T4 Washington Stock Exchange. BALES. .":“I’:l;%nmn Gas 7%e—$500 at 102%, $500 Washington Gy 0 Oas LAgt—5 at 45%, 5 at 45%, 58t 45%, 5 at ton Rwy. and Elec. 4s. wy. and Elec. G. M. 64. EOUS. a Wash. R 823332RRIFILAXIIBER MISCELLAN: Riggs Realty 55 (short).. ot STOCKS BLIC American Tl and Relgh Capital Traction The safe way to wash fine fabrics of delicate fabrics WITH the greatly incregsed use-of sheer fabrics and very delicate colors in the last few years, the manufacturers of silk materials and garments have met a serious problem in the way women laundered them. Tests made by Ieading makers wrong soap products have ruined numberless garments,and brought the manufacturers many complajnts. Leading manufacturers of fine silks, woolens, -.and sheer fabrics, have recently made careful buying of print cloths and percales is very heavy, sheetings are in good demand in all widths and weights, and, what is most encouraging for the manufacturer, prices have be- gun to harden. Many mills are operating at a profit for the first time of medium and fine-grade wools has been cleaned up. Suppliesoflow-grade wools still are very plentiful and prices are holding close to bottom figures. Orders received by shoe manufac- turers have decreased somewhat from the spurt earlier in the month. The metal trades arg stagnant, hardware and tool factories operating on part time. building operations are disappointingly low, shipbuilding is around the zero point and ‘unemployment is large. are closed or Pacific Coast Reports Betterment in Trade .| whole the volume of business is 10 to 15 per cent below normal for this sea- son. The decision of the building trades % | unions to return to work as individ- uals will cause improvement, but it will be some weeks before the change Money is easier and loans are smaller. Realty transac- tions are only recorded in fair amounts, although they are better than they were earlier this year. The surplus of canned goods has been wiped out and there is a com- paratively small amount on hand will be felt. cure for its members better prices than they obtained by selling their wool to speculators without grading. Conditions in_the midcontinent oil fields still continue stagnant, with many men seeking other flelds of in- dustry. Notes of Commodities From Various Centers Cotton. NEW'YORK, August 29 (Special).— A decided reduction in cotton duck went into effect today, the Turner Halsey Company announcing the fol- lowing new discounts off standard price list: Wide ducks, 60 per cent; sail duck, 60 per cent: Army duck, 57% per cent. An extra discount of 5 per cent is named to the jobbing trade. WILLIAMANTIC, Conn., August 28 [ (Special).—There is a shortage of skilled cotton operatives in the mills here. The plants in this section are operating close to capacity. ‘Woolens. NEW YORK. August 29 (Special).— There has been increased demand for- woolen goods. which cost from $2 to $2.50 a yard, and which can be made into men's suits retailing at under $40. Raw wool is slightly more ac- tive in the market here than it was last week. BUENOS AIRES, August 29 (Spe- cial).—Prites are weak for the lower grade of wools on the market here. Demand is slow. Wool growers are intensely interested in a bill now . “ 7 pending suthorieing government aid | Bweks Fire Lo, i to woolen textile industries. 5 : WRIGLEY"S has 'steadily kept Incorrect washing methods and the ue of R e S e cidl).—More than 30,000 mill oper: Indiana Pipe Line tives here will be idle until after Labor day, as many of the plants will close to give their annual vacation to employes. Steel. STEUBENVILLE, Ohio, August 29 (Special).—The Weirton Steel Com- pany reopened its plant here today at about 30 per cent of normal. About 1,000 men ‘are normally employed. in_a year. Woolen mills continue to operate r at capacity and the 1920 cury.verl"“" last year, while the money value average for the full year of business depression will show approximately 70 per cent of peak production. Shoes. IOUIS, August 29 (Special). — Sales of shoes in this territory are 15 per cent in excess of those of a similar ST. of the sales is approximately 19 per cent less. Factories as & whole are turning out approximately 5 per cent less good: than in 1920. —— = Fraie. DETROIT, August 29 (Special).—Farly local peachés have begun (o reach this market and are selling at $3.75 a bushel, as against $2.50 Bast year. Silk. NEW YORK, August 29 (Special). — The Viscose Company, manufacturers of artificial silk fiber for silk hosiery and sweaters, expects to put its new Lewis- t:;u;fltumry in_operation within two The company is sold up on higher grade yarns until the first of the of gasoline in Chicago, bringing the price at service stations to 19 cents, is not expected togbe followed here at this time. Demand in this section still continues strong. FORT WORTH, Tex., August 29 (Special).—The storage facilities in the north Texas oil than 40 per cent filled. fields are less Carpets. NEW YORK, August 29 (Special).— Production of rugs and carpets still production in this country. Practically all the sheep sent out of the state in 1917 and 1918 because of the drought which then existed have found their way back. The state also is furnising six-tenths of all the mo- hair grown n the United States and the goat herds are being increased and improved. The government is now working at the goat expegiment sta- tions in Edwards and Sution counties to improve the breed. NEW YORK, August 29 (Special).— There no longer is any *backwoods in the United States. so far as styles are concerned. Style education has reached every portion of the country, 'nccordms to'a prominent silk manu- facturer here, who declares that this fact has had a decided bearing on the textile industry in late years. This manufacturer says it no longer is pos- sible to work off odd lots in out-of- the-way localities. “Undesirable merchandise cannot he sold anywhere in the country now.” he said. “A couple of vears ago if we had a style that would not go in the east we could always dispose of it through jobbers and dealers in back- Wwoods sections. Now our dealer cus- tomers in those sections say their woman buyers demand as late stiles as women of the larger cities. — ——————— OIL STOCKS. Quotations furaished by W. B. Hibbs & Co Bid. Asked Anglo-American Oil Co. (new).. 14% 0 Borne-Scrymser Co. Buckeye Pipe Line Cheseborough Mfg. Continenta! Oil Co. | Secent Pige Ties Cumberland Pipe Line. [i pls National Transit Co. New York Transporiation Co. Nortbern Pipe Line Co Ohio Ol Co.. Pennsylvania-Mexican Fuel Prairie Oil and Gas Standard 0il Co. Standard Oil Co. K. Standard 0Oil Co. According to the circular, the busi- [] Iness of the company is being well DPs i ra“ nover |m1ln:laln:d and !ord‘eru are being re- 24, . BY LYNN C. 8 OX ceived at a rate in excess of any L Dry Goods. 1219 E Street N.W. vear prior to 1917. The company Special Dispatch to The Star. ST. LOUIS, August 29 (Special).—Re- V¥ claims to have more than $40,000,000 SAN FRANCISCO, August 23.—{taii buying in this market continues to Franklin 7157 msh otr;. ha{xl:l lndd?o current liabil- "l'l:-enbhl'l bunflwmfi lmlzffl::fl“kfl respond satisfactorily to bargain sales in |ities other than ordinary monthly ac- e business dituation in the a . counts and federal taxes. x .| week, but there has been nothing par- .2‘3:2}253‘ FESIGE SRR ke ik Sk % ticularly marked. Volume of retail trade has been fair due to the stimu- = lation of advertising in special lines| ‘o oo o b 2 ‘ . August 29 (Special).— and department store sales, but a8 af, "oy 0pt U IRNCH inthe price P wisely with our advice and your desire will be realized be- ; Perfatghout the coundry. Prices have|is under normal, with the majority of fi 3 are aw: f it. 7 NEW CABLE LINE OPENED. CURB STOCKS. 1Marn Saer L o ed and will go higher, as de- [plants running at less than 65 per gre you EWATCION 1 e Quotations farnished by W. B. Hibbs & Co. | Midwest OII' cor 2 24 | Amertcan mand is good. The shortage ot home | cent of capacity. ~12:15 p.m. S canned goods is expected to bea - . 13 ° g President Harding Sends Greetings e Ay 155 13, | Eohammbi fal Tactor in this frade. The surplus == olumpia oclahon Aetna Explosives . 127 | sy | Mountalns Pregucers':.. 6 TepDiwe et st ralsins. from last veal has owes. . to Porto Ricans. Allied 0N, 3 S1g | New Cornetls © iz 13 | Federa Just begun to move. At the same time | DETROIT. August 29 (Special)— - - ) Arkansas N A und: Stove ompany an- 716 11th St. NW. NEW YORK, August 20.—Preaidant |siy feipe FOE b o Dlcking or e T affeted by the [nounces that unless dealers begln to . . . Harding last night sent greetings to | Boone Oil . o %r} }: North ‘Amer. P. 21 3% { National heavy demand for grapes for crush-[Tenew stocks of stoves in the near U t ision the people of Porto Rico on the oc- | hosion 424 Moncen D8 @ |Northwesters ol G Sk ing. fathre X T be knpessitie th M0 nder Government Supervisi sion /5t the iopening atiitne P AT i Femor on'™ akEd et nd orders in time for severe weather. { American Cables line between the 17 10 [RestectioniTire - TRUST COMPAN island and the United States. 1316 31316 Ervducers and Refinars 3% iy |American security and Tru Forelgn l'alfl. _f_ma Stat o Jewelry. 4 Radlolcon & = 3 NEW YORK, August 29 (Special).— S Iy i Bl "Horcales 19 23 Fea_ture in Two States Keener interest in diamonds is be- oo 4”116 i Oomet = 3% BY JAMBES R. RECORD. ing shown by the public, according 431 44y g::: (.crerlk Producin; 22 % SAVINGS BANK. to jewelers here. This is reflected in 2 607 657 | Rl e com. $% 10K | commerce and Savi - Special Dispatch to The Star. more frequent orders from retailers. = 6% @y |ghuivs com. 2% & |East Wasniogton 121, FORT WORTH. Tex. August 29.i1t is believed, however, it wil I 4 118 i ey of £ —Optimism has been reawakened in |several months before conditions in\w 11546 - 14 | Southern 21 33 | Becurity Savings an Texas and Oklahoma by the increase [the trade approach normal. i 3 7 fi;y: 2 Senent 5-51‘;?-‘ vings. in foreign demgnd for srain. Mexlcrt: e ned her doors to grain expo: 2 28 . o e g chinstcs Trane from the United States by re- Business Topies. 2% - 8 2l 3 moving her duty on exports, and this| NEW YORK, August 29 (Special).— o & 11, 13 drew a heavy and Immed'(al% offer- | Heavy third-class passenger traffic is u @ H 3 ing of wheat, much of which came| heing booked on steamers running to L -3 1316 1516 from Texas. Mexico, according 1ol afediterranean ports. This is taken f% 13a6 17 .19 | Firemen 195 southwestern grain dealers, will need | 1, ‘jndicate a serious situation as re- H 3 21 2 | National Giica 7T a large quantity of wheat immedi-}gards unemployment. Many immi- 3 1% % A 2 ately. Growers and dealers are 2 fm|Erants who have come here recently Glen Alden Eh 8% v.ee 16 | Real Estate Title 88 P"".“;‘;“t Russian relief. have been unable to obtain work and Glenrock Of1 7 A1 11 3 e destin: for > are returning to their native lands. Guffey-Gillesple . . 13 est. 76 78’ MISCELLANEOUS. The wool situation In Texas isjnoit = - ° Granada Ofl L2y 3 | ers Bad Cons A % | Columbia Grap steadily improving. The southwest- ers of foreign birth who are now ecla . 3% 3% | " Columbia Graphophone pfd .|ern farm bureau, Wool and Mohair [OuUt of jobs and foresee difficulty of Hercules Papes 7 9 | Cnion Carbide . o C. Paper Mfg. Co. .| Growers Co-operative Association, is | Obtaining steady employment this Intercentioeat 2 8% AN s : omming to Grade 1,000,000 pounds of | Winter are returning to Europe tem- Jatepnationetl B A S aaneh ‘ Mergeatiaier Livotypen 5% ool grown. by members here and | POrarily until conditions improve. Kay County © % 1 |meny the mative bridesroom. of West |0l Dutch Market pfd ; e e eontion ot 2 | (AMARILLO. Tex. August 20 (Spe- Pake Lo 16”25 |Africa sows his appreciation of his e N onare e o e wool will_be. the | clal).—The Texas Wool clip this vear Magma Copper S AT 18 - wife by powdering her head with fine | washington Market . first ever graded in Texas. The as- Ls expected to reach 15,000.000 pounds. Maracaibo Oil . 18% 18y | clay. SEx-dividend. Sociation hopes In this way to Se- wré:[ging this state to second place in g 3 PR 5 = 5 SHARON, Pa., August 29 (Special). > t—costs so little or does so investigation-of the laundering of their special fen of the thirty hot muls of the| it 8 6 r @l mauch for vou. ; Produss. . B o of g montug. Nine| (1 ek Lo G : g hundred men are put to work. S . L o . . 1).- = d As a result of these investigations ‘they un- e Ul Sl e == Aandy to carry — beneficial 2 = 28 T Danta"in (hix ssciion 350 OBSTRURE | s potcns o B Bite .o - : qualifiedly recommend Lux. at only 10 per cent of capacity s in effect—full of flavor— - 5 - P e a solace and comfort for - - Some of the fin foc < e vom, T s capoctaty| B e 1% voung and old £ o the fovaks mandiichezis Who nrge you B e, e = out this territory with a return of i many summer vacationists to their homes and the filling of domestic bins for winter. SEATTLE, August 29 (Special).— The frst shipments of coal from the | Hambur Teopene; ‘Washington state mines have bégun to reach this market, and consumers are getting coal at from 3150 to $3 a ton below the prices of last month. . Sealed Tight—Kept Right UNNED - to wash all fine things in Lux Snxs - WooLens - CoTTONS AND LINENS Onyx Hosiery Aseber’s Knit-Goods an Raslte Company ~ North Star Woolen Mill Co. #Max Held, Inc. ‘The Fleisher Yarns ~ { David Crysal l, ———',—_'T';——— § Italian 5s. L34y Italian notes 1923 44% Belgiom Rest. 5s. 72 um Prem. 58 Ixmber. 7 NEW YORK, Augcwat 29 (Special).— Prices are firm for the higher grades of lumber, and railroad buying in the | London south ar®on the Pacific coast has|prl. | strengthened pine prices. Berlin IT LAKE, Idaho, August 29|Reme . S iahy.—Shipments of lumber for Aiaafi EPoShonin have shown a decided in- | Zoriss, arease of preVious periods: this year,! vVia.a . FOREIGN EXCHANGE. Selling checks—Dollar values at noon today: