Evening Star Newspaper, October 27, 1921, Page 26

wamana TaeRINagg T EETEERETE] Srusngprdeacsiasasasenii 26 MOVE TO PROVIDE MORE WO BY ADAPTATION OF NEW LINE Cleveland Traders Take Up Other Ave- nues of Production to Keep Em- ploycs Working. BY GUY T. ROCKWELL. Special Dispatch to The Star. CLEVELAND, October 27.—Active efforts are being made by manu- _ facturers here to relieve the unem- " ployment situation and they are being urged by Morris Black, president of the Cleveland Garment Manufactur- ers’ Association, to provide more work through adaptation of new lines of production in their plants. The H. P. Black Company, makers of women garments, of which he is the head, has arranged with mail-order house: for quantity production of both men's and women's clothing with that ob- jeet in view. Another factory has kept some of its employes working continuously by starting the manufacture of wash ing machines in addition to its regu- lar lines of production. lding operations in greater Cleveland for the first nine months of this year were greatly in excess of / those for a similar period of 1920. The total for this year up to October 1 was roughly $76,000,000, as against $64.000,000 last year. [, Officlals of the William Edwards Company, a large wholesale grocery house, declared today that prices were very close to the low point and that & move upward might be expected. “Nearly everything we will eat this winter has been harvested.” he said, “and there appears to be sufficient demand to maintain prices where they now are.” Money Somewhat Tighter, : But Trade Keeps Active BY DICK SMITH. Bpecial Dispateh to The Star. KANSAS CITY, Mo., October 27.— Kansas City retail stores, hotels and restaurants are looking forward to a harvest when the American Legion con- vention opens here Monday. Fifty thousand legion members and as many other visitors are expected to come here mext week. Thousands of buyers in the city’s trade territory have been putting off their fall purchases until they could come here at convention time. Money is somewhat tighter In the southwest, but that condition is' not sufficiently marked to retard trade ma- terially. Financiers here are becom- ing more and more convinced that com- plete business revival hinges on the so- Tution of foreign economic conditions. They declare Kansas City’s highly sen- sitive grain and live stock markets, which« determine the tone of the basic commodities of this section, reflect world rather than domestic conditions. Building operations are increasing daily with consequent improvement in the lumber trade, especially for south- ern pine and hardwoods. orders are ahead of production. Kansas City Railways Company, operat- ing the traction lines here, has peti- tioned the Missouri utilities commission to continue the present $-cent fare for one year from November 18, when the existing order expires. New Lines of Trade Open; / Boom Pacific Coast Business BY PAUL C. HEDRICK. Special Dispatch to The Star. SEATTLI, October 27.—The over- seas and inter-coastal commerce from Puget sound is increasing steadily. An indication of the development of new lines of trade along the water routes *is found in_the traffic in fir doors from North Pacific coast mills to Atlantic' coast points via the Panama canal. The demand for these pr ducts already has assumed larze proportions, stimulated by a rate of 70 cents a hundred, as compared with a rail rate of $1.37. The doors are uncrated and used as short stowage. the steamship companies assuming all risk of damage. The latge accumulated stocks af pleasure cars and motor trucks here, which threatened for a time last spring to'demoralize the automobile trade in this section, have practically been cleaned up, only a few lines of very high-priced pleasure cars re- maining unsold. Automobile tires and supplles also show some improve- ment in distribution. - There has been an average decrease of about 25 per cent in the dollar value of sales. com- pared with those of a year ago. China has become a stronz pur- chaser of flour in this market within the last month, and sales to Hawaii also have increased noticeably in the last few weeks. Notes. PHILADELPHIA, October 27 (Spe- cial).—The New .York Life Insurance Company has placed a large sum here to be loaned to'home bu‘lders on first mortgages. However, only 50 per cent of the values of the property will be loaned, and, in additton to in- terest, the borrower must-amortize the debt at the rate of 6 per cent a year. Builders, however, are await- ing further readjustment of building wage sca’. 8. Samuel Vauclain, presi- dent of the Baldwin Loeomotive Com. pany, proposes as a means of sétiling this building wage controversy that the craftsmen accept a lower rate per hour, but work longer hours a day. In this way the weekly wage would not be reduced, but: the cost to the employer would be lowered. PITTSBURGH, October 27 (Special). —In connection with a report that the ofl companies operating in Mex- ico had reached an agreement to re- strict production and prorate the ougtput from the Mexican fields, W. L. Md&lon, president of tha Gulf Oll Cor- Southern pine | poration, today declared that the only The | company in Mexico in which the cor- THE EVENING STAR, WASHINGTON, D. C, THURSDAY, OCTOBER 27, 192T. poration is interested, the Mexican Gulf _Oil Company, had made no agreement whatever in regard to the maximum amount of oil to be pro- duced from the Teteco-Cerro Azul pools or for the dividing of prorat- ing of oil produced in those fields. NEW YORK, October 27 (Special).— The members of the Milk Drivers' Union, representing sbout 11,000 drivers and assistants, will meet in the next few days to discuss whether they will submit their wage contro- versy with the milk distributors to arbitration. The distributorn ask that they accept e 16 per cent cut in pay for outside men, nd 10 per cent for in ide men, or that they adopt a schenie for increased efficiency, which would leave wages and hours un- changed. The men ask a flat increase of $56 & week, shorter working hours and two weel vacation with pay. The present agreement expires next Tuesday. : Commodity Reports From Various Sections ‘Wool. CHICAGO, October 27 (Special).— The market for packers’ wool here has advanced 10 to 15 per cent In most grades, with demand exceptionally strong for “B” supers and other medium grades. It is estimated the pulleries at ®the stock yards are operating at 85 per cent of capacity. " " CAPE TOWN, South Africa, October ders for future delivery for women's shoes. Frult. SAN. FRANCISCO, October 27 (Spe- clal).—Shipments of California grapes are nearing their end. Rain damaged some of the late crop. Demand con- tinues strong, but at slightly lower prices. Growers of apples are pre- paring to make large shipments east by water and expect to make large rail shipments to the middle west. PHILADELPHIA, October 37 (Spe- clal).—Pennsylvania farmers are re- celving about 100 per cent more for their fruit this year than they did last season. SACRAMENTO, Calif., October 27 (Special).—The Virden Packing Com- pany is building a $125,000 distribut- ing and refrigerating plant in connec- tion with its factory here. Chemicals. BOSTON, October 27 (Special market for chemicals and dyestuffs is still dragging, although the demand for heavy chemicals is a little strong- er The trade looks ror no permanent improvement until the question of a tariff on these products is settled. Steel. PITTSBURGH, October 27 (Spe- clal).—With the nation talking rail strike, it is especially interesting to note that Capt. George Cochrane of the steamer Transporter will tow 37 (Special).—Germany 1is returning! soven barges filled with steel products to this market for wool and is bid-t, St Louis. The shipment will amount ding for part of the 1921-22 Bllp.'to 50,000 tons, consisting of nalls, Formerly Germany took over one- third of the wool produced in this country. Cottonsh . HENDERSON, Ky., October 27 (Spe- cial).—The local mill of the Consoli- dated Textile Corporation will resume full-time operations Monday. Wage controversies have been adjusted and some of the 50,000 spindles already have been put in operation. RALEIGH, N. C., October 27 (Spe- cial).—The Pilot cotton mills, which have been on a two-day-a-week schedule on account of shortage of power, have resumed full-time opera- tions. Burlaps. NEW YORK, October 27 (Special). —The lowering of burlap prices, es- pecially In the‘heavier grades, has not served to stimulate buying and the arket is very dull, with only scat- tered sales for nearby delivery re- ported. Produce. PITTSBURGH, October 27 (Special). —Potatoes are selling at $3.50 per 150-pound sack, against $3.65 & week ago. Onions are selling at $56.26 per 100-pound sack, agalnst $6 last week. Shoes. PHILADELPHIA, October 27 (Spe- clal).—Shoe manufacturers here are continuing to give special attention to fancy shoes for women and are re- ceiving satisfactory orders. The de- mand in men's shoes Is plainer pat- terns and cheaper grades. The sat- isfactory condition of the shoe trade has stimulated demand for sole and upper leathers. B % NEW YORK, October 27 (Special).— Decision by the style committee of the National Shoe Retailers’ Associa- wire, bolts and sheet steel. INDIANA, Pa., October 27 (Special). —The mines of the Bethlehem Steel Corporation at Hellwood have re- sumed on a six-day schedule. CHICAGO, October 27 (Special).— The Illinois Steel Company is increas- ing its production this week to meet orders already secured. It operated at 42 per cent of capacity last week. The Inland Steel Company is operat- ing at about 35 per cent capacity. NEW YORK, October 27 (Special).— It is expected that the government railroads of Japan will place orders for 800,000 tons of steel rails in the next vear. The orders will probably be placed In 15000 and 20,000 ton lots, and American manufacturers will have to meet forelgn competition on this business. MONTREAL, October 27 (Special). —The first shipment of the order of 500 tank cars for the soviet govern- ment of Russia will leave this port for the Black sea next week. The order is being filled by the Canadlan Car and Foundry Company. YOUNGSTOWN, Ohlo, October 27 (Special).—The Youngstown mills of the Carnegle Steel Company are now operating on a six-day-a-week basis instead of five days, as has been the practice. Carpets. NEW YORK, October 27 (Speclal).— Carpet manufacturers will open their spring lines of floor coverings to the trade on November 1. It is expected that a most satisfactory business will be done in November and December in the popular priced goods. General prices are expected to show no marked changes from fall levels. NEW YORK, October 27 (Speclal). —There have been no indications of a tion that strapped models continue as speeding up of demand for copper style leaders for next spring is be- | either for export or for domestic con- lieved will result in stabilizing or-[sumption in the last few days, but Exide Those Lights in the Train Long before the locomotive is coupled to the train; you push the button in your berth and the light flashes on. Have you ever wondered what supplied the current for those Pullman lights? Storage batteries, ed by a generator under the car when the train is 1n motion, furnish the current. fre Exide. The first car-lighting battery ever made was an Exide Battery. Just as in the automobile field the starting and lighting battery ever made was an Every important step in storage batteries since the beginning of the industry has been made by the manufacturers of the Exide Batteries. 3 Hundreds of industries and thousands of electrically lighted farm homes use Exide Batteries. The engineering experience gained. in building rugged batteries for every purpose is embodied in the Exide made for your automobile. It has power to spare through a long ‘This means much to your motoring. life of.dependable service: comfort and economy in There is an Exide Service Station near you. ; EXIDE SERVICE STATION Exidc¢ ATION Bttengey Battery Service, st BW. .. . .. Factory Branch . 1823-33 L St. N.W. J. J. Bartram, 1206 New Hampshire Ave. N.W. Eleetrie Storage Battery Co., 1833-33 L, St. N.W. Tme, 1417 Irviag Northeast Battery Shop, 1000 13th St. N.E. VIRGINIA Willis B. 824 12th St. N.E. Louis M. Stallings, 500 New Jersey Ave. N.W. -.“ul 7 GII..I‘"H' MARYLAND . Takoma Park, Headrick Motor Company BATTERIES _ , King George Motor Company Carpenter \ Upperville, Contello & Lucious, Central Garage Warrenton, Exide Battery Service Station there is a strong undertone to the market. Planos. NEW_ORLEANS, October 27 (Spe- cial Planos and musical instru- ments are moving slowly. » Music houses which sell instruments on the installment plan report collections slow and poor. . Tobaeco. LANCASTER, Pa.,, October 27 (Spe- olal).—There has been very little rain for several weeks and tdbacco grow- ers in Lancaster county have had ideal weather for curing their orops. YOUNGSTOWN, Ohio, October 27 (Special).—The Youngstown mills of the Carnegie Steel Company are now operating on a six-day-a-week basis instead of five days, as has been the practice. Carpets. NEW YORK, October 27 (Special). —Carpet manufacturers will open their spring lines of floor coverings to the trade on November 1. It is expected ‘that a most satisfactory business will be done in November and December in the popular-priced goods. Genefal prices are expected to l!ho‘l' no marked changes from fall evels. ‘Tobaceo. LANCASTER, Pa., October 27 (Spe- clal)~—There has been very Httle rain for several weeks and tobacco grow- ers in Lancaster county have had ideal weather for curing their crops. Copper. NEW YORK, October 27 (Special). —There have been no indications of & speeding up of demand for copper either for export or for domestic con- sumption in the last few days, but there is a strong undertone to the market. Planos. NEW_ORLEANS, October 27 (Spe- cial).—Planos and musical instru- ments are moving slowly. Music houses which sold instruments on the installment plan report collections slow and poor. PARIS BANK STATEMENT. PARIS, October 27.—The weekly statement of the Bank of France shows the following changes: Gold in hand !nc;e:l:ed 180,000 francs. 354,000 francs. Treasury deposits in- creased 12,277,000 francs. General de- posits decreased 23,230,000 francs. Bills discounted increased 71,664,000 francs. Advances decreased 15,341,000 francs. Advances to the state amount- ed to 200,000,000 francs. PARIS BOURSE IMPROVED. PARIS, October 27.—Prices im- proved on the bourse today. Three per cent rentes, 53 francs 85 centimes. Exchange on London, 54 francs 20 centimes. Five per cent loan, 81 francs 45 centimes. The dollar was quoted at 13 francs 78% centimes, Washington Stock Exchange. SALES. Washington Gas 55—$1,000 at 82%. Potomac Electric G. M. 64—3$1,000 at 97. Potomac Blec. G. M. and ref. 7x (W. L)— $1.000 at 100, $1,000 at 100, $500 at 100, $300 at’ 100, Capital Traction—5 at 83, 8 at 83, Columbla_Title Tnsurance ' Co.—100 Lanston Monotype—7 at 71%, 20 a EL S s e siom 000" at 89K, . 1, S, #1000 2t b0ty * Electric 15t 55—$1,000 at 893, Columbla Insurance Co.—60 at 5, 100 ats. oo Viashington Gas 5e—31,000 at 82, $1.000 Potomae_Electric_con K . 1,000 3t 8%, $1.000 at sotp oy ¢ 80%, ‘asbington Railwa; 503, $1.000 at 50 Potomac at 5. 1%, Electric 44—$1,000 at Elee. G. M. and ref. 7s (W. L)— $100 at 100. $100 at 100, $100 at 100, $10 at 100, $100 at 100, Money—Call loans, 5a8 per cent. DS. BON| Bid and Asked Prices. PUBLIC OTILITY. B1d. American Tel and Telga. 4s. American Tel. and Tel 2 Am. Tel. and Tel. ctl. kY American Tel. and Tel. couv. 6s. 101% ‘Anacostia and Potomac 5. k) Anacostia and Potomac guar. 35, Chesapeake and Potomac, Tel. 3u. 70 w5 87 Rigge Beaity bs_ (short) Washington Market Gs (1927) Washington Market 5u (1947). W. M. Cold Storage Gs.. PUBLI American_Tel. and Capital Traction Wi as Yool ana Wash, d Blec. com. Telga. TRUST COMPANY. American Security Trust.. 218 Continental Trust 100 National Savings Union Trust Washington Loan and Tru 2y SAVINGS BANK. Commerce and -Savings. East Washington Merchants’ Becurity Savings and Com. Seventh Street Union Savings U. 5. Savl Firemen' National Union = TITLE INSURANC] * Columbla Ti o 8a o8Bl 8 = a C. Pape rchants’ D. r Mfg. Co... Me: Transfer and Storage type OIL STOCKS. Quotations furnished by W. B. Hibbs & Co. m"fi'm’ Ficau 0fl Co. (new). Bx"'r'i( ican e Borne-Scrymser Co... S3%° 30 SEsEsioa s & eseboroug] Continental Oil Co. 122 12 Crescent Pipe Line 28 30 berland_Pipe Line. 128 135 e... .88 — ‘90 Galena-Signal Oil Co. com...... 47 50 Galena-Signal Oil Co. 180 8 Tllinols Pipe Line Co.. S163 167 Indiana Line Co. 81 84 28 30 48 18 90 94 28 23 27 550 555 200 208 380 400 8¢ 87 2¢ 22 54 88 Tu T 580" 600 406 415 180 190 885 339 38 3% 3 39 %4 100 L2800 290 2 38 . TREASURY CERTIFICATES. (Reported by Redmond & Co.) Bid. Offer. 100 7-32 100 5-16 1 100 100 1 100 100 11-16 16 100916 101 13-16 101 15-16 101 5-16 101716 has. o %. h % ¥ ] i L i i i { CUT IN FEDERAL RATES INIPORTANT Secretary Mellon’s Tender of Certificates at 4 1-2 to 4 1-4 Rate Will Help Trade. BY L A. FLEMING. Secretary Mellon gave the banking fraternity and many intending in- vestors seeking Treasury certificates 8s the medium of employment for their money a’decided surprise when he announced the rates for the No- vember 1 issue of certificates as 4% for six months and 4% per cent for September 15, 1932, maturity. While the banking fraternity ex- pected the first break in the boyrro'- ing rate of the government below b per cent, they did not look for any- thing as low as 43 or even 41, al- though admitting the probability of QB%hrlte fo;'l short-term maturity. e small amount of the issul $200,000,000, insures its speedy lb’-’ sorption with assurance that it will hel ov?;’lubs;rlbbed n all probability the general pub- lic will not be /largely re‘nreaen!al:i in this flotation, certainly not as gen- erally as in all other certificate and short-term note issues. The banks will take the certificates; many corporations not being able to use their money in business will find temporary employment for it in these certificates. Bankers express the opinion that the 43%s will go better th: s B er than the 4%s, by Interesting comment is made bank officials regarding the action of. Secretary Mellon in reducing the rate of interest to the levels that he Generally —the feeling is favorable to the belief that lower rediscount rates for federal reserve banks are indicated by the action; that business generally will be greatly heiped, as rates cannot go down and the banks continue to hold for 6 and 7 per cent on good loans. It is believed also that mo: money will become cheaper, and that housing and building _ operations generally will be materially benefited through cheap money. In a word, this action of the Secretary of the Treasury has “set the stage for business revival" Merchants generally have allowed their stocks to run low, railroads have neglected upkeep and repairs to produce net earnings, tne general public has held tight to its purse strings and accumulated money. DAUK UEPOSILE Nuve LucCreased. S0 great has be the demand for investments of a ‘e and sane char- acter, especially government cer- tificates, that every issue of Treasufy ;:;rtfl‘\fialex is at a premium, while e three-year notes ore quoted 101% to 102. . 2 The action of Secretary Mellon is | Th, practically certain to give liberty bonds a_ sharp advance, and it wiil have a direct and far-reaching effect n the bond market. It is questionable whether anything can improve our foreign trade at this time, but the great home market, the ome market of 110,000,000 buyers, the greatest in the world, with the best paid workers, with the best money in the world, should respond in a grand trade awakening to the announcement of an abundance of money and the lower rates prevalent. Governors of the various federal re- serve banks should not delay long be- fore making there respon.ive cuts in discount rates and let the great re- habilitation movement proceed with gathering speed. Another bond issue will be greatly helped by the lowering rate of certifi- b cates. Land bank bonds paying 6 per cent will show a quick response to fhe lessened competition. Thus the entire bond market, and even stocks, should improve, as this very serious’ competitor for the public investment funds Is made less danger- ous through the less attractive rates. Secretary Mellon has been given credit for great financial foresight, and bank- ers believe that the present action will make for business revival. few days ago attention was called in this column to the greatly increased money supply and the chances for lower rates in the imme- diate future. The prediction has so far been realized, but last evening’s action of the Secretary of the Treas- ury gives promise of even greater things in the money market. The $90.000.000 credit with the banks and the proceeds of the present cer- tificate issue will carry the Treasury over to December, perhaps December 15, when large maturities and the last installment of income taxes for 1920 will call for further financing. It has been the custom of the Sec- retary of the Treasury to consolidate some of the Treasury certificate Sues in three-year nbtes with these quarterly periods. On these qcca- sions he has ordered both certificates and notes. Some bankers are wondering ‘whether the Secretary will continue this custom with December whether, because of the easier trend in money and the practical certainty of lower rates, he will not wait for the stabilization of rates before do- ing any financing for the three-year period. Had the Secretary waited until ¢ present time on his three-year 5 and 5% per cent notes, he would have been able to have made a great sav- ing in/the matter of interest. A three- year note issue at 415 per cent would be snapped up at this time. Taking all in all, the actifon in re- ducing the rate is the financial news of the day, and of great importance. Local Securities Active. It is possible that the diversion of funds held for investment in Treasury certificates to the local bond and stock market was at least partially responsible for the increased trading on the exchange. Bonds to the face value of $18,500 were traded in, and all sales were at strong prices. The Potomac Electric 7s sold at 100, the consolidated 58 at 863, Washington Gas b8 Capital Traction 5s at 89%. These prices were all decidedlv strong, although not fully reflecting efl:ct of the easier money trend as yel Capital Traction shares were verv firm at 88. yesterday in this column were satis- factory and indicate the continuation of dividends on the present basis is practically assured. -Lanston was soft, selling at 71% to 71%. Columbia Title shares Indorse Retiring Directors. ‘The Washington Clearing House As- sociation has given its indorsement to Charles E. Rieman and Edmund Strudwick, class A and class B di- rectors, respectively, of the Federal Reserve Bank of Richmond, and urge their re-election. The clearing house also announces the election to “associate membership of the American Commercial and Sav- ings Bank, Washington Mechanics' Savings Bank, Standard Savings Bank, Terminal Savings Bank and W. B. Hibbs & Co. ‘With all banks.on the membership rolls, the association is more of & con- trolling factor in banking in Wash- ington. Gives Fees to Belleau. Officers and directors of the Dupont National Bank voted the fees for their last meeting to the Belleau Wood Me- morial Association, to aid in the re- building of the historic town. American soldiers to the number of 2,100 are buried in Belleau cemetery. Carries $10,000 to Surplus. The Northwest Sayvings Bank has carried $10,000 to surplus, making the capital $75,000 and the surplus $25,000. It is the policy of this institution not to declare any dividends. for some years, but to place earnings to sur- plus. : October 27.—Directors tion of Argentine grain quota on the exchange had been 1i “that it is necessary to have on hand at the close of the cotton year on months or the supplies of spinnable cotton will be practically exhausted by July 31, 1922. “The 1921 cotton crop, based upon or | G 82, Railway 4s at 59% and | Sapul The earnings made public | 5 ICOTTON FORECAST 6.427,700 BALES Estimate of U.S. Crop in 1921 Features Conven- tion Address. BIRMINGHAM, Ala, October 27.— The American Cotton Association to- day announced a forecast of the cot- ton crop of the United States in 1921 to be 6,427,700 bales. This estimate was contained in the address of J. Skottowe Wannamaker, president, delivered at the opening session of the annu convention here. Mr. Wannamaker also presented esti- of the supplies of raw cotton 1 is country, and a forecast of consumption by the mills of the world for the cotton season beginning Au- gust 1, 1921, and ending July 31, 1922. United States stocks of tenderable carry-over was estimated as of Au- gust 1, 1921, at 5,133 491 bales. estijnated consumption, American and Canadian, to August 1, 1922, was placed at 5,500,000 bales, while the estimated demand for exports to the same date was given as 6500,000, making a total estimated consump- tion of 12,000,000, or a deficiency in supplies of 458,809 bales. “It is unanimously agreed by econ- omists,” Mr. Wannamaker continued, July 31 at least 3,000,000 bales of American cotton to supply the needs until the cotton from the growing crop can reach the spindles, so that the apparent shortage will be more marked given. September Mill Comsumption. “The cotton mill consumption the United States for the month September just passed amounted 485,000 bales, 5,829,000 bales for Beptember an it appears from figures or at the rate a year. The exports were at the rate of 6,276,000 bales per annum, making total domestic consumption and ex- ports exceeding 12,000,000 bales. Our forecast of consumption for the twelve months ending July 31, 1922, based upon the above facts, is, there- fore, conservative, as consumption is increasing instead of diminishing. As another evidence of this fact, the exports of American cotton for the second week in October amounted to 244,000 bales, or at the rate of over 12,600,000 bales per annum for ex- ports alone.. If this rate of exports should continue for six and a half| months, the entire produétion of 1921 would be shipped ab: to foreign spinners, leaving only the stocks brought over from the 1920 crop to supply our demestic mills. World Production in 1921. “The world production of cotton in 1921, at present, is estimated to be under 11,000,000 bales, against a normal production of 20,000,000 bales. e American and Egyptian crops will not exceed 50 per cent of the 1920 production. This tremendous shortage cannot be supplied by the estimated carry-over of cotton throughout the world. Either there must be an enforced restriction in spindle operation during the next ten present estimates, indicates the short- est yield of any crop in thirty-five years. This is due to reduction.of practically 30 per cent in the cotton acreage planted this year as compared with the 1920 acreage; the non-use of high-grade commercial fertilizers; the widespread destruction by the cotton boll weevil, and adverse climatic con- dlglnn! in all sections of the cotton elt.” —_— CURB STOCKS. Quotations furnished by W. B. Hibbs & Co. ~12:15 p.m.—~ Aetna Explosives . Allied Oil A Big Ledge Boone Oil CIPCT T NS W Henan o 54 Commonwealth Finance . Commonwealth Finance pf Consolidated Copper Continental Motors . Cresson_Gold Davis Daly Dominion 0ii - Durant Motors Eik Basin .. Engineers® Pe Croesus Farrell Coal .. Boba tsag P "RH; Federal Oil . Fens REFE land Ofl . ilijland Ol . Glen Alden Coal e - & (3 H SuBERELERananl #OFEERFRE auliBaliaBodbutasefu! rfection Tire Producers and Refners. TP S Bkelly Ol . Bouthern Coal and Iron. Sweets Co. of Ameri & o ay FOREIGN BONDS. Quotations furnished by W. B. Hibbs & Co. Prices at noon: Freach Prem.’ a. 68% British Vie. 45,311 *Nat. war loan Ba.400 War loan 5s.....363 . EDUCATIONAL MATHEMATICS Spanish, Freach, German. La! Baglish, Civ- fes, History, Physics, c-:t.‘ry. Astronomy, THE ‘SCHOOL. ADO! RICKARDS, . A., X.8., Pria. tte-wm‘u'-.w. Ppone Fr. 2080. * e Drtas: Babrember. 88, e s e EDUCATIONAL T R, A BUSINESS AND SOCIAL NEED Imj P your business and social Est. 1878 336 Branches N 816 14th Street N.W. Franklin 2620 R IT-GRADE CIVIL BERV] PROMOTIO! examination. Special instructio Tuition, for _entire course to November 7. THE CIVI B.E. co BERVIOE PREPARATORY SCHOOL, ner 12th and F_n.w._Phone r. 2040, | Wood’s School 311 EAST CAPITOL ST. All Commercial Branches y, $15; evening, 8. y payments the iths are free. LINCOLN 38 37th YEAR SPANISH yiooor WASHINGTO! Professors from Spain—Conversationsl Method. Rapld progress. 1315-17 F o.w. . 5085. nob Business Courses Accountancy to C. P. A. Degree High School Prep. Courses “The Hotel Field , Calls You! Nation-wide demand for trained men and women; all departments, hotels, clubs, apartment houses, restaurants, cafeterias, tearooms. Uncrowded field, good salaries, quick advancement. methods indorsed and students employed by leading hotel operators and ‘managers in all parts of the United States. One student writes us: “I called at the Breakers—presented my credentials and was forthwith hired, being placed in the office.” Another— “I am very pleased to state that 1 have accepted the management of the {| abore hotel.” You can win as they are winning. Fall Classes Now Forming Evening Classes—Home Study Tal Moderate Call, write or phone for particulars Lewis Hotel Training School Clifford Lewis, President 1324 New York Ave. N.W. Main 6779 HALL-NOYES SCHOOL th. Full graded and Higl s0 private coaching to yout! 280 adults. Civil Bervice prep. by ex-exdmies . 8. Catalogue. Frances Maon Hall, A. M. M. 3877. 221 E St. N.Wy The Temple School of Short= hand and Typewriting 1417 G St. (Opposite Keith’s) Pitms and Gregg shorthand !lllghl by cere e b decotarl hatning. Dietatiog Diivees day and ‘aight: Phone Frasklis 48ody YMCA SCH Co-oducational—3532 Students Last Year Drafting School Automotize School Employed Boys' " Boys' Day School tory School Da PACE INSTITUTE 715 G Bt. N.W.. Corner 8th and G Sts. "'ACCOUNTANCY Professional course of collegiate grade, lends ing te the degree of Bachelor of Commercis Bclence and preparing for. Certified Public Ace countant examinations. CLASS GROUPS NOW FORMING The National School of Commerce Edwin C. Bo!wolr(h. President International Building. ;’I.-!l F St. N Phone M. m§ WUSICAL INSTRUCTION tsman Music Studio PIANO, VIOLIN, VOICE 1322 G n.w. Fr. 1274. Recitals, Practice Rooms. 3+ [ KING-SMITH STUDIOS 1751 New Hampshire Ave. Volce, Plano. Languages. Dramatic Art ¥or Professional and Coltural Study Now Dramatic Art Classes Forming. Students Trained for Public Performance Recitals, Plays and Mysical Productions Telephone North 10385, In UNIVERSITY OF MUSIC, INC. Mme. Marie Von Unschi Pres. Eve Branch of Music Taught "b,] a Faculty of Artists. Preparatory School Affiliated. 1844 Columbia Rd. and 1320 ¥ 8t. N.W., * - COLLEGE OF MUSIC, Inc, EIGHTEENTH YEAR Elementary and Advanced Courses ia "4 Brancbes of Music 714 17th St. Yearbook Frask. lementary. MIain (508, VIIM.' Washington Conservatory of Musia 1408 New Hampshire Avenue, t Circle. Start Your Chfiaren i Musie. NDOLIN, URU! 3 10 Stodio, 1773 200 . 5| WASHINGTON 200 VIOLIN. “MANDOLL: UKULELE taught in ten lessons. Col. rd. n.w. Col. 8598, O INSTRU MISS MARY ISABEL KELLY of Xaver Scha , Berlin. Studlo, 3166 17th Bt. N.W. Phone Adams Miss Lucia S. Collins, 4 Praskits 1900-W. Studlo, 510 Eye st. ""V: