Evening Star Newspaper, September 9, 1921, Page 22

close of business September 7 shows: | 751: all others, for ntembers, $211,159,- '.’ FEDERAL RESERVE BANK Toul‘ .:m "“r‘;m $504,397,764: | 256: bills bought in open market, 3 ‘NEW YORK, September 9.—The 910,135; total bills on hand, $396,33 2 b g o total reserves, $962,487,293; bills dis- | 143" total earning assets, $46 543: statement of condition of the Federal | counted secured by government war |uncollected itoms, $99,182,715: du Reserve Bank of New York at the !obligations, for members, un,au. members, reserve account, $643, ofie, —_— E ISE M AN’S WESTINGHOUSE Battery Service Stations 605-607 7th St. Bet. F & G Sts. eral reserve notes note lllbllltl‘l cumblncd. 12.9 cent. L. A. O'NEILL, INC. 6th and H Sts. N.W. AUTOMOTIVE SUPPLY CO. 21st St. and Pennsyivania Ave. N.W. AUTO BATTERY SERV[C.E CO. 13th and K Streéts N. B. C. FURR, 7th and G Streets S.W. MARYLAND BATTERY SERVICE, INC. 1711 Kalorama Road N.W. (Turn Of 16th 8i. at the Fronch lmuuv-—on e Blook West) Westmghouse Batteries ;W\.L' MARYLAND BATTERY SERVICE, Inc. \ 1711 Kalorama Road N.W. Distributors. ) A Good Fall Suit costs you only $22 75 " All-wool F abrics—Finely Tailored Vacation Savmg Club Save Now— For Next Summer’s Vacation You can pay $30, $35 or $40 for your Fall suit, if you want to. But doesn’t a big percentage of that purchase price go to satisfy your vanity just a little? We'’re selling good suits for $22.75. They are made of all-wool materials and are tailored faultlessly—absolutely so. Then why pay a fancy price? Make Eiseman’s your clothier—you’ll get trustworthy goods at a very small price. Funds Distributed June, 1922 Standard Savings Bank Ninth and New York Avenue Capital and Surplus, $240,000 How Jobs For the Jobless May Be Found That Satan will find work for the idle hands to do if we fail to anticipate him in this line of endeavor seems to put into a nutshell the compelling reason for the unemployment con- ference called by the President of the United States. Destltutlon, distress, bread lines and soup kitchens in our larger cities, and a material increase in crime throughout the country are predicted for the coming winter in dozens.of newspaper editorials because of the almost un- precedented unemployment situation which the country now faces. “Industrial controversies, resulting in stoppage of production,” is advanced by the St. Paul Dispatch for the present un- employment condition: “A debt-ridden and mutilated world, which has decreased its buying, thus curtailing production,” is responsible in the opinion of the Norfolk Virginian Pilot. “The § high price of steel, which hampers building operatmns, high freight rates, high wages : and high : cost of material, which keeps up the buyers’ strike,” are some of the reasons given for unemploy- ment by the Houston Post, while the Buffalo Express believes the situation was caused by the “orgy of Government spending.” Whether President Harding can bring about an agreement between capital and labor to co- i operate in fighting the causes of depression, the country shall soon know, for Secretary Hoover already has drawn the plans for the conference. This conference, in the opinion of the Philadelphia Public Ledger, “is likely to spur Congress into action.” While the Socialistic New York Call says that the present situation “indicates clearly enough the damnable incapacity for leadership on the part of the rulers of this country, who run away to the seashore and the mountains when a real prob- lem is put up to them.” The New York Evening Post points out that it is not the custom to heed a “serious social emergency” until the cry of the hungry actually is heard. All angles of this most pressing problem which confronts the country are treated in the lead- ing article in THE LITERARY DIGEST for September 10th. Other news-features of more than passing interest in this number are:— What Our Country Thinks of the Peace | Salvaging Industrial Cripples Treaty with Germany A Stitch in Time Saves Crime Beef Prices “Out of Jdint” Four “Immoralities” of the Church To Halt the Rum-Sleuth at the Door Air-Motoring in Europe Our Greatest Prehistoric Mounds in Danger Some Early Aeroplanes Must the Bathtub Go? Europe’s Cho:ce——-Confiscahon or Re- Is There Anything in Good-Luck Signs? pudiation Art and Business as Seen in Book-Jackets The Spice of Life Wrestling With the Piano Topics of the Day Caruso’s Singing Apparatus Best of the Current Poetry Many Interesting Illustrations, Including Humorous Cartoons September 10th Number on Sale Today—Ngyu-dealers 10 Cents—$4.00 a Year |, THE EVENING 'STAR, WAGHINGTON D. C., FRIDAY, 728; total deposits, $612,964,362; fed- in aoctual circula- 6, ratio of total re- to do osit and federal reserve per > \ 5 SEPTEMBER 9, 192" INCREASE IN RETAIL RECEIPTS - DESPITE PRICE REDUCTIONS |Favorable Report of General Trade—Cop— per Producers Reducing Operations. Take Steps to Save Expense. BY PHIL S. HANNA. Special Dispatch to The Star. DETROIT, September 9.—Tangible evidence of the increase in retail trade was given today in the report for August of a system of chain stores with headquarters here, which shows total sales of merchandise of $4,300,000, an increase of about 7 per cent over the corresponding month of last'year, notwithstanding reductions in prices in many lines. Further curtailment of operations has_taken place among the copper producers of the upper peninsula of Michigan. The Calumet and Hecla ' Company has lajd off 300 additional leaving only a force of sixty- The clerical Calumet and Osceola men, five to work the pumps. departments of the Hecla, Ahmeek, Centennial, ! and Allouez copper companies have been combined under John B. Bennets of the Hecla company fo save ex- pense. The Superior copper mine has been abandoned entirely, as its cost of producing copper in this property reached almost 45 cents a pound last year. The Imperial iron mine, at Michigamme, owned by Henry Ford, has been reopened after long idle- ness. Pere Marquette railroad officials say the shipments of Buick automobiles from Flint are rapidly bringing up the volume of business of the Sagi- naw branch, which is now operating |, at 80 per cent of normal tonnage. Situation in the Sot "h Is “Better Than Expected” BY RALPH SMITIL Special Dispateh to The Star. ATLANTA, September 9.—Merchants of the south thronged here this week to take advantage of the special in- ducements offered for “merchants’ week” by wholesalers and Jjobbers. Unusual buying activity accompanied their presence. , The shoe factory of Bona Allen, Bufol four months behind its orders, its tannery is operating full time and its harness and horse collar branch has resumed operations after a suspension of four months. “The situation throughout the south is better than I expected,” said Victor Allen, president of the company today. “The Mississippi Delta was the hard- est hit by the slump, but it is coming back strong. The upward trend of the cotton market has encouraged liquidation and merchants are buying again after an idleness of months.” The advance in the price of cotton from 11 cents a pound has increased the wealth of the south over $300,- 000,000. When the seed of the present crop was planted cotton was bringing $55 a bale and now it is bringing about $100 a bale, making the 7,000.- 000 bale crop worth $700,000,000. No segtion of the country views the out- look with more optimism than the south. g e ¢ Rise in Cotton Causes Joy Among Planters BY J. N. FINING. Special Dispatch to The Star. ST. LOUIS, September 9.—Now that agriculture is moving surely and swiftly through the final stages of financial liquidation, much in this sec- tion is centered on the forthcoming business conference in Washington in the hope that a way will be paved for liquidation of construction prices and costs. Bankers here have indicated that large sums awalit opportunities for investment in building construc- tion when conditions are favorable. It is felt here that the extent to which unemployment may be reduced will be determined by the reduction in costs and materials in construction of industry. Jubilation possesses the planters, merchants and bankers of the cotton states, for the rise in cot- ton prices is of considerably greater portent than is generally realized. There is a domestic market for the carby-over supply and the new short crop and it is felt that a year of prosperity is guaranteed to the south to a certainty. Financial institutions are speedily building up reserve strength and liquidation is golng on steadily if not so rapidly in the grain- growing states. Contraction of credit, however, is still retarded in the ofl districts of Oklahoma, Kansas, Louisiana and Texas, as the revival of the ofl in- dustry hinges on the return of in- dustrial prosperity. Prices of cotton goods have increased 25 to 35 per cent in the last week. Notes of Commodities In Various Centers Lumber. SEATTLE, September 9 (Special).— Lumber production is gradually increas- ing and is only about 22 per cent below normal in western Oregon and Wash- ington. The demand from the orient has been supplemented by orders from the midwest. NEW ORLEANS, September 9 (Spe- cial).—Reports from 130 of the largest lumber mills in this section show a steady increase in orders since July 1 At that date the orders aggregated about 60,000,000 feet a week, about 30 per cent less than normal, and produc- tion was cut an equal amount. Last ‘week orders totaled 92,000,000 feet, while production gained only 10 per cent. Prices are strong. Coal. INNELLSVILLE, Pa., September 9 (Spaclnl) —Public _schools of this place will be supplied. with coal at $3 a ton this 'lntar‘ ‘Domestic consumers are paying $ Pfl‘TBBUfiGH. September 9 (Special). —It was officially announced at the convention of district No. 4, United Mine Workers, that 10,000 of the 40,- 000 coal miners in this district are now employed. Steel. TORONTO, September 9 {(Special).— The Book to Carry Around, - You can roll this book up, and stick it in your pocket. The flexible cover lasts through school— won't crack or break, Replace sheets as de- sired. Ask your stationer for National Series 3900. NAYIONAL BLANK BOOK CO. ar, notycke, ain: ! operations October 1. The plant cost $5,000,000 and working at capacity will employ 1,000 men. Tron. CLEVELAND, September 9(Special). —The contemplated lighting of stacks in the central west has brought out a number of inquiries for 10,000 to 15,000 ton lots of lake iron ore. BIRMINGHAM, September 9 (Spe- clal).—Stocks of pig iron here were reduced Ly 27000 tons in August, leaving the supply in furnace yards at 186,000 tons. Non-Ferrous Metals. NEW YORK, September 9 (Special). —August exports of copper ran be- tween 45,000,000 and 50,000,000 pounds, as against 29,000,000 pounds in July, August sales to both domestic and foreign consumers ran between 75,- 000,000 and 80,000,000 pounds. This is the best record for four or five months. PHILADELPHIA, September 9 (Spe- sial).—Union bends Irom 54 to 64 cents in the leather market here. The market for oalk sole leather is spotty. Prime bends, best tannage, bring up to 90 cents, with less desirable quality in moderate de- mand at 60 to 65 cents. are quoted at For hemlock, 48 to 50 cents is with 30 to 34 cents eavy, clear bends, the price named, for backs. NEW YORK, September 9 (Special).— Although activity is reported in the River Plate hide markets, there is a lull in activity in leather here. In- quiries are numerous, but have not been transformed into orders. Cottons. MONCHESTER, N. H., September 9 (Special).—Not since the war boom has the industrial situation been brighter here. The Amoskeag cotton mills are running full blast, the shoe factories are employing moré men, and it is predicted there will be work for| all throughout the winter. I NEW Y@RK, September 9 (Special). —The buying of underwear for spring trade has halted because of the sen- sational advance In cottons. Many of the lines have been temporarily it drawn. The cheaper balbriggans now are 25 to 37% cents a dozen higher for separate shirts and drawers and 50 to 75 cents a dozen higher for union suits. The new plant of the Follansbee Sheet and Tin Plate Company, szid to be the finest equipped in existence, will begin Knitted Goods. MILWAUKEE, September 9 (Spe- clal).—Nearly all the knitting mills of this section making goods for outer wear are sold up on their fall and winter lines. The scarcity of power machine operators is becoming more marked and is holding back produc- tion to a considerable extent. Clothing. KANSAS CITY, September 9 (Spe- cial)—Fall openings indicate lg: men’s clothing will be sold at lower prices this winter. Suits which sold a year ago for $60 and $50 now can be purchased for $50 and $40. The ‘erage cost of sults. retafl will be from $35 to $40. el Carpets. NEW YORK, September 9 (Special —Prices have continued flrrnspm :h)e auction sales of the Alexander Smith & Sons Carpet Company. The big Jobbers seem to be holding off in the hope of a price b of the lulew reak before the end September 9 (Special).— Indication of the reduction Kl:l wal:gle. sale dry goods prices, which still re- main about 50 per cent above war- time levels, may be gained from cur- rent prices of the following commod- ities: Utility ginghams, 15 cents a yard; Japanese silk, 571 cents a yard; suspenders, $4.25 a dozen; work shirts, $8.50 a doze bl en, and overalls. $15 al SEATTLE, o Shoes. STON, September 9 (Special New England shoe factories lpre lht’) ing a steady gain in production each :roer;: “fieet!allers have begun to order , especially i line, for next summer. = o ConvE® Rubber. NEW YORK, September 4 (Special! —Rubber prices have flrmed( 3» l':l)- terially and there is an impression that spot rubber will soon be at a premium over futures. Inquiries from manufacturers continue to increase. Paper. STEUBENVILLE, Ohio, Sept: (Special).—The Hartje Plpperel;‘::;ug facturing Company's plant, idle more than a year, will re: el U Sume operations Prodace. KANSAS CITY, September 9 (Spe- clal).—A light supply of potatoss. in this market has caused prices to strengthen somewhat. Prices for sweet potatoes, however, are lower, as are apples. Cantaloupes have in- creased in price. Pottery. CLEVELAND, September 9 (Special). —Pottery manufacturers have sent & new price list to the trade which shows a general reduction overaging 17 per cent. The plants are operating at about 50 per cent of capacity, but an increase is expected to follow the lowering of prices. Stlk. NEW YORK, September 9 (Special). —Raw silk is slightly more active and prices are firmer both in the primary markets and here. This s attributed in part to a reflection of the advance in cotton. -— Business Topies, ATLANTA, September 9 (Special).— The Fourth National Bank of this city has snnounced detalls of a plan to finance one-seventh of the Georgia cotton crop independent of the War Finance Corporation. This plan fis based on an extension of & credit highly llllIflctnry to the country bankers and farmers throughout the state; It is felt !hlt if this example is followed by other large fln.ncill institutions in the state the entire crop will be financed without outside assistance and the planters will not be under necessity of sacrificing their cotton, NEW YORKl September 9 (Special). —Representatives of the !teu'nshp companies, the Shipping Board the stevedores employed at Athnuc ports have not been able o agree on wage and working conditions for the next year. The present agreement ex- pires” October ‘The stevedores de- mand an elght-hour day, at 73 cents an an hour for overtime, The 'steamshlp men insist upon =& nine-hour day at 65 cents an hour, with §1 an hour for emergency over- tll’na. ‘Between 15,000 and 25,000 men are lleo'.ed. The argument uut the nine-hour at 65 cents hour would ylnlfl 5.8 as against li 76 for the eight-hour day had no effect on the lon'-haremon 's representatives, LANSING, Mich., Beptamber § (Spe- )’—Ofllnhll of the Michigan Rall- way Company, operating the electric car lines In s city have declded to add gasoline buses to their anlp- ment in the hope that this gnovement wm both augment and extend the lee and obvigte the nmlllty of a nn-unt fare, This is being tried as an antidota hr the so-called jitnay competition and to wuild. up the volume of traffic. :r 33 = 3 & = B =4 NICKEL PLATE DIVIDENDS. CLEVELAND, Ohio, September 9.— Diregtors of the Nickel Plate railroad yesterday declared cash dividends of $1.774,360 from 33,000,000 received from the government in adjustment of alj claims and accounts during fed- eral control, it was announced today. Payments will be made September 30 to stockholders of record Septem- ber 19. ‘The back dividends include $249,895 on first preferred in 1918 and 327 995 in 1919; $549,990 on second pri ferred in 1918 and $69,480 on secon preferred in 1919. —_— STOCK REPORT SU SURPRISES s LONDON, September 9—1'he decision of the Grand Trunk arbitration board, ! declaring the common and preferred stock of the Grand Trunk Railway of Canada to be worth nothing created a sensation on the stock exchange. Jobbers were reluctant to make prices on these securities. Surprise was ex- pressed generally on the judgment of the arbitrators. Sir_Alfred W. Smithers, chairman of the Grand Trunk shareholders’ commit- tee In London, sald today that as soon as he obtained full details of the de- cision he would call a meeting of the shareholders and take the necessary steps in the matter. He said the share- | holders had a right of appeal to t supreme court of Canada, and, if neces- sary, to the privy council. —_———— LEAF TOBACCO MARKET. BALTIMORE, September 9.—Re- ceipts decreased, being 929 hogsheads, while sales footed up to 1,294 hos: heads. The warehouses are now rap idly catching up with the inspections as compared to receipts. There was no change in prices for | any grades during the past week. Maryland prices, per 100 pounds— Inferior and frosted, 3.0025.00; sound common, 6.00210.00; & 11.00217.00; medium, 15.00a27; good to fine red, 28.00240.00; fancy, 4¢ 90a41.50; seconds, common to medium, 5.00a 17.00; seconds, good to fine, 15.00a .00 upper country, air-cured, nomi- 20.00423.00. Stock January 1 Receipts since .. Delivered since ... Stocks today Tite week Previously STEAMSHIPS LURAY EXCURSION Sunday, September 15th. Special train will leave Washington at 8:00 am., returning same evening. $5.50 cavers all expenses. Early reservations Decessary. DEI.'I'Q TOURS Pho 1472 500 Bond Bldg. NEW YORK TO EUROPE Sailings from Pier 74, 34th St, N. R. S. S. GEORGE W ASHINGTON and AMERICA (Piers 3 and 1, Hoboken) excepted. PLYMOUTH—CHERBOURG —BREMEN AMERICA: Sept. 28—Nov. 1—Nov. 29 GEORGE WASHINGTON: Oct. 4—Nov. 8 Dec. 8 PLYMDUTM—BOULOGN E—LONDON New—Iuzurious—Comfortable. OLD NORTH BTATEe CENTENNIAL STATE: i Oct. 11—Nov. 15—Dec. 15 ANHANDLE STATE: = Oct. 25—Nov. 26—Dec. 27 BREMEN—DANZIG PRINCESS MA’ Bept. 3 Oct. 22 Dec. 10 POTOMAC: Sept. 22 Nov. 5 Dec. 24 ‘HUDSON: Oct. 15 Dec. 3 ....... i 1 MOVING PACLIN G e e Lo e e e S S S s T T e e e e e RERG Ry NT CITY. N. 3. 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Dancie, | | 20,000 s ft. 500" Rooius £+ 1 ! SEPARATE RGOMS, $1 Yere Local and Long Distence MOVING. By Careful Men. ates Itensonable, Ph PACKING BY EXPERTS Norw 104 P55\ | Moving LITTLEFIELD, ALVORD&CO MODERN FIREPROOF ' STORAGE For s L»g.s and other information | PHONE apply. North' INTERNATIONAL mcum 3343 ‘Washington office: F st now. 8344 R. M. HICKY, Manager. Tickets include meals and berth on main deck. An invigorating, enjoyable ocean voyage. Merchanis & Miners Trans. Co Established 1854 Plor 3 Pratt 8t. Tel. 5t. Paul 4800 (w0 Hecalth-Rest Economy EDUCATIONAL Reasonable Rates lnfi G St Office, Rnan. 301 PACKi! r’lPPIY\G LONG-DISTANGE HMOVING No Charge tor Estimates SUNITED STATES® STORAGE €0 FlreprooFWare‘\cuses ESTIMATES A0 8512 ™ PHONES #3133 16758 raac2333 ‘D"' SLNVY EDUCATIONAL [y PREPAREFOR COLLEGE IN THE EVENING English Grammar, Composition, Literature, Arithme- tic, Algebra, Plane and Solid Geometry, Trigonometry, French, Latin, Spanish, History, Chcmmrv - Drawing, Bookkeeping, Stenography. FALL TERM OPENS SEPT. 12 Experienced Men Teachers Physics, Small Classes Individual Attention Complete Catalogue on Request WASHINGTON PREPARATORY Evening SCHOOL Accredited YMCA = Women Admitted Diy.; Special Wkiye