Evening Star Newspaper, September 30, 1921, Page 28

s RS s A Barber’s Shaving Cream Packed for Home Use ing Cream exclusively. George Miller, head of the Miller Barber Chain, is presi- dent of the laboratories manufacturing this excellent cream. It has grown in- stantly popular. 35¢ buys a LARGE TUBE. Two-bits and a thin dime at any good drug store, or at any Miller Barber Shop, will buy it. - A barber certainly ought to know some- thing about shaving creams. A shaving soap made as a result of co-ordinated ex- periences and ideas of many practical bar- bers ought to be a good shaving cream. Miller’s Shaving Cream is a composite of ideas. Barber experience conceived it. Barbers use it. All the Miller Barber If you don’t want to risk a barber’s Shops in Washington use Miller’s Shav- judgment, ask for a Free Sample Tube : —together with a special quality' remembrance lead pencil, at your favorite drug store. Use the sample tube; then take the pencil' and write us how enthusiastic you are. Use Miller’s Shaving Cream and Know a Barber’s Shave at Home jol——oo|l—=2lolc—s o[ ]o]—=]o]——|al——|o]|——F——]o]c—=[o]——=]o]——=lale———— o] c—— ol —¥|—— o} T Svancis Bacon lager ‘Piang e At Special Prices and _ Terms for This Sale Only 3575 PAY $]0 DOWN | &SQQ a \%ek on our ThreeYear Payment Plan $37 Upright $745 ror, B322 Similarly EasyTerms N Franct for Bacon time only. GUARANTEED FOR TEN YEARS MUSICAL PROGRAM EVERY EVENING Copyright 1921, O. C. Stone. : Arthur Jordan Piano Co. Homer L. Kitt, Secretary-Treasurer G Street at Thirteenth Your Opportunity to secure a player piano with a piano istory that dates back to old $ Colonial times ¢ These instruments are guaranteed unreservedly in writing fo/ ten yéars from date of purchase—uwe holding ourselves jointly hiable with the manufacturers.. The purchaser is practically doubly insured. MORE GENUINE OPTIMISM NOW THAN AT ANY TIME THIS YEAR Evidence in Detroit Area That Buyers Are Quitting Hand-to-Mouth Policy. Conditions Elsewhcrc‘a. ; BY PHIL 8. HANNA. Special Dispatch to The Star. DETROIT, September 30.—The buy- ers in this territory have recovered their nerve. Notwithstanding slight- 1y lessened activity in the motor car industry, there is more genuing opti- mism here than at any time this year. There is evidence that buyers are breaking away from the hand-to- mouth policy, and this is shown by retallers as well as wholesalers and Jjobbers. Banks for the first time in eighteen months ere willing to talk about loans on real estate. Significant also is the statement which comes from officials of the Ford Motor Company that sales of light trucks have in- creased in the neighborhood of 50 per cent. This is held to mean that the farmers have money agalp and that the small city merchant is doing a better business. A banker in the foreign quarter of this city declared today that many of his merchant de- positors whose daily deposits dwin- dled to almost nothing earlier this year aow are bringing in from two to three hundred dollars a day each. Small towns throughout the state show similar improvement. The De- troit Edison Company reports a steadily increasing demand for elec- tric power, and it begins to look as though the automobile would be forced out of the spotlight tempo- G Street at Thirteenth Without any obligation whatsoever on my part, you may send me photographs and full details of the Francis Bacon Piano (as checked above) which is now offered on special terms for a short while. Name Now oo Thieen Original States 1 NE HUNDRED and thirty-two years ago—when there were but thir- teen states in the Union and the young nation was battling with foes at home and abroad—the antecedents of.this business were well abreast of the times in all musical matters. So it has remained ever since! A single standard of excellence has always ruled every product of the House - of Bacon—known as :‘America's Master Piano Builders.” The player piano offered you here today comes of this distinguished ancestry. The Francis Bacon Player is an instrument which appeals to one’s finer taste and sense of pride. ¥ finish, artistic in tone quality and musicianly merit—the equal in reliability of any player at any price. Beautiful in design and We want to thank our friends for the splendid support given us in this effort to get back to “old time” prices. This sale furnishes daily proofs of our belief that people will buy,—when buying is made attractive. Now—in these days of opportunity;while this splendid offer still prevails—we ' hope that no one cherishing a desire for good music will fail to come here and see what this really means to careful buyers. Note the prices and terms in the panel on the left—remembering also that we offer reduced prices on Francis Bgcon Uprights and Baby Grands, for a limited Arthur Jordan Piano Co. rerily here while people catch up on necessaries, . Rail Traffic Reflecting Greater Wholesale Buying BY JOSEPH FINING. Bpecial Dispatch to The Star. ST. LOUIS, September 30.—Whole- sale trade In this section is moving with the seasonal briskness of autumn, confidence is firmer as the immediafe result of liquidation of loans in the agricultural districts of the south and west and the under- current of business is the most favor- able noted in the last year. Depleted stocks are being replenished in coun- try stores sufficiently to meet current demands. Stimulation of wholesale buying is reflected in railroad traffic, there being a heavy movement of merchandise or package freight. All lines of manu- facture, with the exception of iron and steel industries, show marked im- provement. Retall trade is better in the rural districts than it was a month ago. In the manufacturing towns it is feeling the pinch of un- employment, while in the cities estab- lishments which have liquidated their prices and have conducted frequent bargain sales are thriving. 1In genera] the activity is due to sea- sonal trade currents, but basic con- ditlons show progressive stabilization. ‘Among the skilled trades, especially those connected with the building in- dustry, a determined effort to main- tain high wage scales is plainly ap- parent. Whalesale dry goods prices are higher as a consequence of the inamed. This building activity has creat- | cial).—The copper mines of the United advance in raw cotton quotation. seasonable weather has shattered pfel::l in’the wholesale millinery busi- n 5 Cotton Price Boost Aids Buying Power of Farmer BY RALPH SMITH. Bpecial Dispatch to The Star. ATLANTA, Ga., September 30.—The increased buying power of the south- ern farmer as a result of the advanced price of cotton is reflected in every 1line of commerce and industry in this section. The improved condition in basic products of the sections have|Ba been augmented by seasonal condi- tions in many lines of retail trade, according to federal reserve bank offi- cials. Building is on the increase. The | i permits issued in this city last month showed an increase of 375 per cent over the corresponding month of 1920. New Orleans, Birmingham, Chatta- nooga, Nashville, Knoxville and Jack- sonville also have showed large gains, the proportion of improvement corres- ponding to the order in which they are ed an unusual demand for lumber. The Southern Pine Assoclation reports or- ders 5 per cent above normal, with prices firm and trending upward. Railroad traffic is beginning to move in larger volume. Commodity Reports From Various Sections o1L KANSAS CITY, September 30 (Spe- cial).—Oil operators are making strong efforts to cut down production of oil in the widcontinent fleld still further. This is expected to bo ac- Nemplished by restricting new de- lopment work. PONCA CITY, Okla., September 30 (Special).—The refinery of the Em- pire Refineries, incorporated, which has been closed down for months, will reopen tomorrow to supply a big or- der for fuel oil to the Sante Fe rail- road. The contract for Santa Fe fuel will extend for onme year. Coal and Coke. PHILADELPHIA, September 30 (Special).—James 8. McCarthy, sec- Dealers’ Association, who has Jjust Neon prices reported to The Star over direct New York-Washington wike by Bedmond & Co. City of Paris 6s 1921.. French Government 8 s Powder Co. 748’ 5 imore and Ohlo conv. 4% Baltimore and Ohio 6. o Baltimore and Obfo 8. W. Div. 3%s. Bethlehs 1 refd. 5s.. Burling ke x 3t.) B%u.. Central Leather B Central Pacific Chesapeal nd Ohio conv. 414 Chesapeake and Ohlo gen. 4%s. Chesapeake and Oblo couy, D5, o m hicago Union Station 6%s. Consolidated Gas Delaware and Hudson 7s 1930. Dupont 73gs 1 Erie general lien 4s. General _Electric s, Goodyenr Tire and Hi Grand Trank 7 ret Great Northern 78 Illinols _Central Iuternational Mercantile Marine 8. Penns 5 Pennsylvania 7s of 1 Pennsylvania gen, mortgage 4% Reading general 4x. 8t. Louls and San Francisco 4s, series A. Bt. Louis and San Francisco Gs 1929, 8t. Louls and San Francisco inc. ts: company supplies a large section of the Pacific and intermountain coun- try. MONTREAL, September 30 (Special). The new price announced by, the rotary of the National Retail Coall g ntp BorE p i eoinany, Limit- ed, for the fourth quarter of 1921 of completed a swing around the coun- try as far west as Kansas City, de- clared today that industries were picking up and that industrial coal demand was on its way to normal again. PITTSBURGH, September 30 (Spe- cial).—Connellsville and West Vir- ginia_mine operators now here de- clared today no coal famine fs in sight. As a result of the wage scale expiration April 1 they look for stocking up and_a moderate boom about January. They declare coal is selling as low as $1.40 f. 0. b. mine and that any amount may be bought at $1.50. PORTLAND, Ore., September 30 (Spe- cial).—The first cargo of coal to ar- rive here from Australia in many years is expected today. It will be distharged at local docks and will be sold in competition with the product of the Washington mines. UNIONTOWN, Pa., September 30 (Special).—Continental No. 1, Trotter and York Run plants of the H. C. Frick Coke Company have resumed, after an idleness of six months. “There is a better feeling,” declared coke pro- ducers and brokers. Non-Ferrous Metals. KANSAS CITY, Mo., September 30 (Special).—Although a_decided advance in the prices of lead and zinc ores in the tristate fields was expected, in view of the strength of those metals in eastern markets, it has failed to materlalize as yet. However, plans for additianal production are in progress at the mines. NEW_ YORK, September 30 (Spe- States now are producing only about 11 per cent of normal and the South ‘American properties are making copper at less than 50 per cent of capacity. Large manufacturers are in the market and no copper is offered less than 12% cents a pound. Knit Goods. PHILADELPHIA, September 30 (Spe- | cial).—Increased demand for. sweaters and stockings has necessitated the put- fing on of might shifts in a number of local knitting mills. Nearly all of the forty or more knitted outerwear mills here are running on orders which | will keep them busy until Christmas. ‘ Dry Goods. BROOKLYN, September 30 _(Spe- cial).—Buyers for A. 1. Namm & Son, which firm has announced a willingness to purchase $500,000 worth of goods to be sold without profit to the public,to aid employment and_stimulate confi- dence, have concluded negotiations for a quantity of cotton piece goods at prices comparable to those quoted be- fore the advance in raw cotton. Clothing. NEW YORK, September 30 (Speclal). _Mamufacturers of men's clothing here declare that they cannot see their way clear to production of a suit which aill sell to the public for $25. They say such a suit would have to be made of materials costing less than $1 a yard and skimpy workmanship and trimmings would have to be used. Lumber. DELAWARE CITY, Del, September 30 (Special).—The timber traffic through the Delaware and Chesapeake canal this year has been heavier than for many years. Most of this traffic 18 in the form of long leaf pine log rafts towed from North Carolina, which contain from 600 to $00 logs each, and which are redistributed from | Philadelphia to midatlantic points. COEUR D'ALENE, Idaho, September | 36 (Special).—Logging companies in the St. Marys district are preparing | for a strenuous winter's campaign, and | it is expected that the forces of men | at work in the north Idaho and east- ern Washington woods will be almost up to normal years. \ Paper. SEATTLE, September 30 (Special).— The Howell River Paper Mills in British Columbia, which manufac- ture 250 tons of print paper a day and employs 1,200 workers, are faced with prospects ‘of a strike October.1 over wage readjustments. Workers now are paid $6 a and upward. The For 21 business or accomp 2% paid on Checking and 3% on Sevings Accounts 4 cents a pound will become effective tomorrow. - Steel. PITTSBURGH, September 30 (Spec- cial).—The American Sheet and Tin Plate Company now is operating its plants on a basis of 70 per cent of ca- pacity and other” lines of steel prod- ucts are showing increases also, al- though these have been less marked. BALTIMORE, September 30 (Spe- cial).—The plant of the Baltimore Dry Dock and Shipbuilding Corpora- tion, recently bought by the Bethle- hem Steel Company, will be used in ship repair work principally, in con- junction with the other Bethlehem pl#nt at Sparrows Point. Hides. BUENOS _AIRES, September 30 (Special).—The hide market is firm here, with good FEuropean inquiries. The last large sales were 5,000 wet salted steers to American buyers at $49 per 100 kilos and 5,000 campanas at $51 for Europe. Business Notes. SEATTLE, September 30 (Special). —Seattle has undertaken to raise a community fund of $750,000 to pro- vide for the welfare of workers with dependents and without jobs and to aid them in finding employment. KANSAS CITY, September 30 (Spe- cial).—There has been a slight in- crease in employment in this section in the last few days. This has been attributed to efforts of the Red Cross and the American Legion. Jobs have been found for several hundred ex- service men. Plans for the erection of several new school buildings and other municipal improvements are counted on to further reduce unem- ployment. CLEVELAND, September 30 (Spe- cial).—Records of, the electric power companies here sffow that, judged by the standard of the amount of cur- rent used, business is 65 to 70 per cent of mormal. Hotels and office buildings are using 85 to 90 per cent as much current as in January, 1920, while automobile plants are using about 50 per cent of capacity, and automobile accessory factories about 40 per cent. SEATTLE, September 30 (Special). —The cycle of the run of sockeye salmon in Puget Sound waters has been broken. The patghes of the 'most favored fish in these waters was almost a total failure, although here- tofore the salmon have never failed to come in millions to spawn every four years. The year 1913 showed the record-breaking pack of 1,900,- 000 cases. After that year a Cana- dian railroad seeking to make a new right of way. dynamited a shoulder of land Into the Frazer river, erect- ing a barrier which some claim has almost killed the industry. The pack in 1917 was 400,000 cases, while it only reached 80,000 cases this year. Other causes for the decrease have been the excessive use of traps and purse seines. FOREIGN BOND! Quotations furnished by W. B. Hibbs & Co. Prices at noon: Berlin 4s. . 9% Greater Berlin 4o 9% Duesseldorf 4s. Frankfurt Frankfurt Hamburg 3s Hamburg 31 Hambyrg 4. Ttalian 54 Ttalian not Relgium Rest. Belgian Prem. 5s. 72 —_— FOREIGN EXCHANGE. Selling checks—Dollar values at noon. . 8.32% Budapest 14~ Prague . 05 Waraw . 86 Copenhage: Christiania . Stockholm Amsterdam Years this institution has helped men and women of Washington to SAVE MONEY. Thousands have paid for homes, gone into lished other worthy things with money saved with the help of the Union Trust Company. You, too, can save in this friendly bank. i invited in any amount from Your are $1.00 upwards. Cor.15%h and H Sts, No: TODAY’S BOND PRICES. | T i3 | Union Tank C W Beaboard Afr Line refdg. 4s. Bouthern Rails Union Pacific Union Pacific conv. Unfon Pacific 6s 1928 United States Rubber 5a United States Rubber 7i4s. United States Steel 8. Vacuum Oil Corporation 7s Virginia-Carolina _Chemical 738 Western Union 8148 1936. Wilson & Co. 1st Gs.. SHORT-TERM SECURITIES. (Reported by Bedmond & Co.) ! Asked American Tel, & Tel. €s 1922.. 959.18 98%, American Tel, s o American tine 6a 1921 & Pacific 65 n. G Copper Export Copper Export b Kennecott Copper 78 i Liggett & Myers 6 1921, 116" 100316 3% | Procter & Gamble 7s 1922, 100% 1000 Procter & Gamble 7s 1623. . 100% 101%, E. 3. Reynolds 6s 192 1001, Bears, Roebuck & Co. 7s 1921 Sears, Roebuck & C exas Co. 7s ‘ar tern Electric 7 El SEROUS SLUMP I ERENCH BONDS Indicate Probable Failure in Indemnity Payment. Stocks Irregular. BY STUART P. WEST. NEW YORK, September 30.—Per- haps the most interesting episode in today’s markets was the sudden liqui dation appearing in French gove: ment bonds. It was in the early part of September that these securities be- gan to break away from the rest of the bond market and to show special weakness. Their first sinking spell was checked a fortnight ago, but in today’s decline the 8 per cent bonds were carried down below par and the 7%s were off to a new low, which was a full point under the price at which they were offered to the public. The meaning of this decline was perfectly clear. It was a sign that the banking communities of the world recognize the extreme likelihood of Germany’s being unable to meet her next reparations installment in cash Belgium was the beneficiary of the August payment, and Belgian bonds :g;‘lny were selling not far from their p. The next installment, however, is the one of such vital importance to France, and .the selling of French government bonds is simply an ex- pression of ‘misgiving as to the sit- uation of French finances should it be found that Germany was positive- 1y unable to pay in gold. The curious feature is that the sell- ing movement in French governments shculd have been so slow to follow the fall in the marks. It did not come earlier this week, when marks ex- change was making the low to .78. ‘The best judgment on the market situation continued bullish today idespite the vicissitudes of the price {movement. n There was, however, con- siderable difference of opinion even in the bull ranks,regarding the imme- diate position. Some thought there ought to be at least a temporary re- cession while others contended that the market was being made to look uncertain and ragged, with the fre- quent development of _individual points of weakness, in order to dis- courage outside participation and facilitate accumulation of stocks. Weak Spots. There were several stocks in which special selling was in progress, but there was very little new in connec- tion with any of these declines. Pierce Arrow shares broke badly. reviving rumors of an unfavorabie- nature, which have been often heard the last six months. The lat- durin cial word regarding Plerce Ar- est o row was that while business had not improved and bank loans were high. the company would not have to do any new financing. J The stock market was an odd mix- ture of fresh buying in some di- rections and realizing sales in others The coppers were decidedly strong during the greater part of the time and so were most of the tire shares and a number of the American oils Railway stocks did not follow up & their advance, with the exception of Lehigh Valléy. which was bought in expectation of the early announce- ment of its segregation plan. These points of strength developed simul- taneously with special weakness in rfhwest |8 the sugars, in Pierce Arrow stocks and in the local tractions, “the last named reflecting the opinion that the new plan of the rapid transit commis- sion would pretty well extinguish the remaining equity represented by these stocks. October Payments. More than fifty-five companies closed their books for dividend payments today, while a like number sent out checks to stockholders of record. Of the first named clos: to thirty were listed on the stocl exchange and thorefore sold ex-dividend. This list of payments is slightly larger than those on the 15th of September. MAKES RECORD RUN. BALTIMORE, September 30.—W. P. Coria, manager of the Munson steam- ship line at this port, has been moti- fled of the arrival at 10 a.m. yester- day at Rio Janeiro of the steamer American Legion in the phenomenal time of eleven days, forty minutes from New York. TO LENGTHEN NANTUCKET. BALTIMORE, _September _30.—The passenger and_freight steamer Nan- tucket of the Merchants and Miners' Transportation Company is to be cut in half and lengthened fifty feet and one hour and \ 2 nest of new bollers installed. Bids § will soon be opened for the work. OIL STOCKS. Quotations farnished by W. B. Hibbs & Co. Prices at noon: Anglo-Amerfean &I Co. (mew). n’;:* Asked. 825 i} 3 ELE PPEEEY » whzeBBeBS s