Evening Star Newspaper, November 13, 1921, Page 38

event in American art and letters, for it and the attendant ceremonies will bring to New York members o the National Institute of Arts an Letters, 260 in number, frém whom the “immortals” of the academy a chosen. , The institute, it 'u plained, may be regarded house of representatives, fromi 'hul per- sonnel the acad: my is made up. The academy acts nnuonu literary and artistic cou: which, as iDed vesterday by asident Nicholas Murray Butler of Columbia Unlv-r- sity, “makes and protects standards lottors™ THREE T0BEELECTED 0N AT Amenmn Academy of Arts and Letters Will Make Elevations Bpectal Dispatch to The Star. % BALTIMORE, November 12.— ‘When the mountain wouldr’t come to Mohammed, Mohammed went to the mountain. Fourteen hun- dred years later, when the people in_American art an ) te church, the church i November 18. Brander ':‘“ffl‘ 2 & statsment i vene NEW YORK, November 12—Three | heation would maks nm °=,,,‘,' n%ne| Peginning temerrow and con- tinuing th'nlllhflnt the winter the 24 homes" In Balti- more will be Sbie to ait o ‘thelr own houges and hear not only the sormons preached in lho churohes of the city, but the music as well. There i3 only one re- quisite, that there be a wireless zecelving set im the house. The Marylasd Radlo Assoctation, a local orgamisation of amateur e——re———— e from President Harding will It ta the uu’lu of the academy, was raise onao-a-lll Mmore Americans distinguished in art or letters will join the “immertal Aifty” on Friday, November 18, wiem, it is announced, the elevations will be made at the annual meeting of the American Academy of Arts asd Let- 1érs to be held in connection with a two-day academy celebration joined in by Columbia University and in which Marshal Foch for the only time during his visit to this country will relegate to the background his sol- dier identity and occupy the role of ~ French Academician. The election of the three new mem- bers, Prof. Brander Matthews of Co- lumbia University, chancellor of the academy, stated would be held at 11 am. im the academy building, 15 ‘West 81st streel The chairs to be filled, he said, are those of John Bur~ roughs, who died March 29, 1821; Abbott Henderson Thayer, who died May 29, 1921 d Barrett Wendell, ‘Who died February 8, 1921. Natfonal Eveat. The election will be development of eultura) ds in this country. Pref, :mm-.. who £radusted from Columbia Rtty years ago and who now holds the chalr of dramatic literature in that university, tolé of the nm«-: ) b-tanl-., ‘mh Howells, Twain, Stedmen and as a nuel Owen W the statem serting French Academy !s accountable in part for the superierity of Fremoh over American writere _ Twenty-8tx Vetvs Noesssers Twenty-six votes be necossary for election at next meeting | it In this city. Nomisatiens are now|fupda to b bn!nl carefully and ind sidered by the members glemented Event Cloyd, Davia, Arts and Letters. ta, the! B 1t was explained by tl' tfldll.l the academy. a double t by fellow workars in th ln.lh- and selection h! follov ‘workars In t! academy. Both and the institute now ul-x under a charter of the federal goverament. At the corner stone laying on Nevember 19 a ! an amnusl prive. Aaahor tou-u of the uuony‘n work will be lectures : from leading cell u un(nul. invitationa have tiea Tion.llldl 0! been quu by th y eventa of next week, and aoceptancea arc being received daily from authors, writera and tesmen on both sides of the Atla . a national the outstanding feature of this mammoth sale. Your Cheiee of This 42-Picce Set of DINNERWARE With every purchase of $100 or more, or the xet of silverware. We welcome comparison. Maxwell’s Special Wash Basket 98¢ This large Willow Wash Basket. Special price, 98e. Bedroom Suite, Specnal b, handsomely finighed Buite, in the Queen Anne period, 13 A i consisting of a Chifforette with specially arranged interior, full size Bed, triplicate mirrer Dressing Table and & large Dresser with plate mirror. Buy this splendid suite now—have the use of it in your home while you pay for it as convenient. $15 Cash—§2.50 Weekly. Three-Piece Cane Living Room Suite $149.50 This handsome suite as illustrated is in the Queen Anne period, and the backs and sides are of woven cane, durable and very strongly cons strur‘ed, but very comfortable. This sulte will be an unending source of pleasure to you and your friends. $16.50 Cash; $3 Weekly. Colonial Oak Buffet $22.75 Que antire stock of Onlontal Oak Buffata The abeve fone f the. ludlnl speeials and has a Freach plate mir- large cupbeards, linen & T Grawers, is oot what you want. $2 Cash, $1 Weekly. Kitchen Cabinets $34.75 This Modern Kitchen Cabinet has porcelain adjustable table top and all latest improve- ments. Top interior is of ‘white enamel. $3 Cash and §1 Weekly Room Suite at ' $198 Ammwuwm_.cmm.snh. This Adam Period Mahogany Dining Room Set $129.50 with besutitul mirror m: 54-inch Dbuffet, md 48-inch extension l.u gradefulness of the design~—but you really must gee the ]C‘::. h: h;:; l‘:n‘o:x::h:nny‘ nn':y. (len )lawul). ml't: 't': Fy :gh. mln.c::l:n : .!fi: ‘p‘:;c.e: :l:‘ldn :ua;l::i ;l‘ll- suite son- $2.30 . 7 ea wagen, Sve JovCasm. elngig %ide chaira 8nd one AmMChal®, covered In genuine blue Teather. Six Glasses and a Pitcher (Like plctured.) You may purchase these six glnsves pitcher ag this unusual low price. are made a! pure press wireless operators, has arranged sent another experimental station. Y.M.C.A. ‘LOBBY’ CONCERT Spanish Yolk Smge Will Feature The “lobby™ concerta at the Y. M. C. A. tomorrow evenin the general publie Is invi foatured with Spanish folk songs by Mise Feitrella Amores and character songe by Miss Dorothy Cates. Others t who will take part in the program are Mrs. Hux :hullo\'. Miss llt-r Nl-fl\. Mre. Gates and of the British Empire." The wlll b- illustrated and will be given Mra, Ada Brewn Talbot, Many more values like the ones mentioned below are awaiting your inspection. 4-Piece lmltahon Cucassnan Walnut THE SUNDAY STAR, WASHINGTON, D. C, NOVEMBER 1 CHURCH SERVICE BY WIRELESS FOR BALTIMQRE STAY- COTTON MARKET REVIEW. was a renewal of the selling: ms -AT-HOMES ginning returns last Wednesday, the cotton market showed contin of 30 to 84 points. out from ot the crop was encouraged loas favorable reports from th trade. The opening was easy IC decline of 2 to 29 points. Temerrow. incressed southern hedging, to which confident. 18 to be that O ming ners ask the position of the induatry. Traver, Mias M. G. cent of the spinner: Linfoot, ulu The threatensd atrike of :l-ut‘v(:man llo:llly. probably an {llustrated TOHINE - AN nder the aus- tment, the the Keystone 3 ecture tinued today, with the heaviest fure in the last few minutesa of semsion, =0 that the cloge wam at the Your Choice of This 26-plece Set of WILLIAM A. ROGERS SILVERWARE With every purchase of $100 or more, or the set of Dinnerware. 14-Pound Turkey Roaster $1.49 1t will ulfl’ hold & 14 room for potatoes. It I n0 seams or crevices to catch concave cover makes it self-basting, ax the ‘ 0 the top, condenses and falls over the roast. hn ing it. This roaster will fit any over from size 16 uj and leave onough 50 Three-Piece Tapestry gn Velour Ovmtufled illustrated is ‘wel. come addition to any onme's living room with its large roll arms and tull spring backs and cushions. Can be had in either tapestry or blue velour. Con- sists of chalr, rocker and 72-inch davenport. $15 Cash, $2.50 Weekly. Large Golden Oak Table, $14.75 o e e $24 50 -dl! line nf“'mlll Cabinets 9-Plece Colonial Period Dining Room Suite . $98 these Colenial Perfod Suites at such splendid values have ever offe! Massively constructed with the o8t of Inot work throughout and.beaut! ished In long-wearing golden oak. Th oconsists of large Buffet, glass-door Chine c-ma hun-l.n Table and ix genuine } ‘I. Cash=—§3 Weekly. \ W o~ ‘e avre m#u besn l‘l Thet there NEW YORK, November 12.—There, ment which was started by the nubu- cation of the unexpectedly he: vy weakness. | All months sold into new ing prices were the luwnl u( tho d-y. with the market easy at a net decline Selling on the increased eatimates By th: K of Liverpool aver yeater- nuy'l locll adjoyrnment and rnnor ‘Talk of a better feeling in the stoek and grain markets had no apparent influence, and bearish sentiment was evidently encouraged by r!portumnf which created an impression in some quar- ters that holders of spot cotton ware be London bt press ndvleel said that Oldham spin- had decided against recommend- ing organized short time, but wauld ter Spinners’ Federatian |$u¢! to call a meeting to consider the According to Manchester cahles ;bg:t 35 per n per oant o( the looms In Lancashire sre mow [18adi T NEW ORLEANS. Novembar 13.— |™ The selling movement In cotton eon- res- e lowest at net losses of 45 to 57 polllu 415-17 Seventh Street N.W. SPECIAL VALUE Must Make Room for Toyland For this one week only, exceptionally low prices as well as easy terms will be $129.50| Solid Oak Glm Door- China '1921—-PART 1 (MANY NEW ISSUES FIND READY BUYERS Cumulative Signs Given of Sound Investment De- mand—-Market Features. EW YOI\K November 13.—~With trldln stock exchange reduc- ttla mon than three full ses- llonl because of the two holldays, in. ! this ek shifted to the broad- d of tinance, commerce and in- dunr! The inquiry for high-grade secur- Ities which attended the recent fall loul much of its im- P dy_sale of many new undurwrlunn offered cumula. \lvtdnl.n- of & sound inyestment de- Eliminating the olls and equip- ments. which dwarfed all other ia. in strength and speculative im- artance, the atock uvkcl presented ow featur Rai irregular 3 d With & number of pastorg to preach | 1oy ground for the movement, with o tertriy SUrle A |, BT, e mereneny St i '“;"" asen Sunday will | (U 2 Sents per, Bouds Delow R b. ...‘ “Phere re hon rrl';n e | sua rn‘:urt. nnfl. l’ olnu h'lu' lle PAEh socsrd ‘of luet Septomba e i ut wages price of oils most con- Do« lc shares probably owed their lucn th in large part to pecurrent lhxlcn; ) de- | crease in hankin:- reported gy the {United States Steel Corporation for October. pointing because the previous month's !llthl glln In the first in encouraged of a turn for the bef disarmament aonfer: ebta nouneolmu that the Bri orn- mnet hu arranged to make menmy interest paymenta of her ebunuou- Fave rise to Intimations th; and some of tha ather alli may soon make known thel in_this same connection. 1t is pointed out by International bankers, however, that the ability of the contlinental countries to meet thelr payments to the United States rests largely on the outcome of af- {fairs in Germany. Further decline {of the mark to a level bespeaking economic paralysis was viewed with |Breater apprehension, London and Paris. NEW YORK BANK STATEMENT. NEW YORK, November 13.—The ac- j Lual condition of clearing house banke and trust companies for week Shows. that ‘the hold §35.130750 rer gerve In exoess of lega) requirements. This is an inerease of 1,800 from last week. giThe statement follows—Actual con- tio) Loans, discaunts, etc., $4,392,891,000; decrease, $22,159,000. h in own vaults: Members' fed- eral reserve bank, $75632,000; in- crease, $6,004,000. Reserve in federal reserve bank of member banks, $518,546,000; increase, $23,130,000. Reserve in own vaults: State banks and trust companies, $5,994,000; in- orease, $188,000. Reserve in depositaries, state bank: and tnm cnmunnes. $8,710,000; i crease, $14 admnna devosits, $3.789.211.00 e, $9,358.000. United States de- Posits deducted, $§9.345,000 u'nm- deposits, $324,116,000; increase, Clrelllluon. $32,701,000; 81,000. Aggregate reserve, $536,550.000. Excess reserve, $35,123,750; increase, $22,161,800. Summary of sfate banks and trust companies in Greater New York, not included in clearing house statement: Loans, discounts, etc, uaoud 300; decrease. $264,800, Gold, $4,913.000; decrease, Currency and blnk notu! u 200; Increase, $1,305,300. Deposits with Federal _Res Bank, New York, $55308.700; dec crease, $808.000. Total deposits, $661,979,400; increase, 2800 fi'umlnmn: amounta due from serve depositaries and other blnkl and trust companies In New York city and United State: OcPouits, §614.700500; decrense,, Cash in vaults, $26,971,700. B Trust companies: Cash in vaults $47,974,200. » Gl BALTIMORE PRODUCE. BALTIMORE, Md, od nluonl itude especially in decrease, 7,400 7!24- is noted ! ly turkeys, Uil { o 23 old and mixed, 25 to 27, and old i and 18. Ducks, 25 to 28, e eoeses 35 1o 20, Receipts of live turkeys are only mod« orate and with the demand increasing more liberal shipments of fat stock are lit |advisable, but small, poor, thin birds are ] {not wanted. 'Young and ol turkeys, 8 pound, but poor and crooked breasts are Zlow sale, at 32 and 33, The market for other live poultry is quiet and easy, it | which s usual with the opening of the | rabbit_soason. lll] Large, smooth, young chickens are lu 25 and 26 cents a pound, but rough an thin birds are not 'I.nud at 20 to 22 while Leghorns are asle || |23 and 24; fat old Mnl. I'lldy' at ll | {to 26, but small and white thorns, easy, at 20 to 33; old nuurl n lm- I ple wwlm at | :s and 16. celpta, "lght, and good fat o wm ‘ % 35t 3T pounds and over, will sell at 40 cents a l ‘but small, poor stock nu'lectpd ut 20. Native and nearby good demand, at 3¢ to 30. firm, at young, and 40 for old. market has been practically bare purely nominal, as what arriving are being sold ng way at a premium over 56 and cold storage ts. tato market is a shade firmer ing more activity no! with % s running moderate. Maryland and Virginia MoCormicks are quoted at 176 to 2.00 per 100 pounds, while other varleties will bring 200 to 225, No. 8 potatoes from all sections more .active at 1.0081.25, but No. are hard to move and of unoertain Teouipts and. seliin reocel al &ellin 15 parrel: with oulls to N u- 150 to L'Il. ‘bushel mostly 75 to "llld nl.rbytru el l| | barrel; horse lima beans, 3.00i l iplants, 6a7 a bunch; ‘parani spinach, 75a85 & bushel; munpkln-, (. 12 each; savoy 50 to §0 a ‘bulhsl' turnipe, 1.00 a bushel, Onions are firm and Iu good demand at 5.00 to 5.50 per 100 pounds, and 3.00 to 3.50 for No. 2a. Apple receipts are running llnh | |and the market rulu firm with vali steady at 0 r barrel for ed st nd 0 00 to 5.00 for No. ;2s. Bushel ock sells l'. 1.50 to 2.50 jand loole, unpacked, 2.00 to 2.50 per 1100 pot Rnotlvtl ot rabbits so hr have been in goed at 8,00 This was the mora disap- |ind. nee | throughout " ine month, a in lighter Setter at 230 to! BY L A. FLEMING. Each passing week marks a s forward in the growing and increas- Ing confidence of American business that the worst has been left far be- hind and that from this time on velopments will make for recovery, meeting setbacks now and then as beat we may and avolding the errors of the past. ‘This measure of progress is mainly in the development of the great home market the while we wait for the na. tions of Europe to get line with better conditions, if possible. During October the clearings of the entire country, $30,363,037,000, ware the largest of any month aince March, 1931, although smaller than for any October since 1917, Washington showed a §20,000,000 gealn in clearings for Qctober as eom- ed with September, an increase {hat may or may not be follo 8 like improvement in total. Dally clearings ar from $3,000,000 to $3,64 th- ur!y daya of last 'run there will be & gain over Ne- vemper clearings goes without say- in the fi -l.m business { the monm showed ns_of 00, two wera attend- alight doenuu. The chances of more than §6.- th aver the fi ln tum ware §30.- hich o Mouhor wll\ lw lh- big menth of | the year in business in Washington. Qur forelgn guests will be here the added | winter populaton of the capital will be on hand, entertaining will reach seasonable actlvities and thousands of Americans will visit the capital to witness the sessions of the confer- ence. Savings of $1,234,000 from Christ- mas savings funds accumulated in seven institutions can be counted on! to accentuate the buying season, this mber raging umu as the ithe accumulation for the same pur- pose a year ago. It is Iikely that every bank partici pating in the accumulation will im mediately start a plan for next year's fund. and that some other banking institutions, induced by the success of this year's efforts, will add this feature to their regular business. This has been a profitable business year, especially for those bankers who were wise enough to invest in Treasury certificates of the various issues as they came along. ber 15 of last year a 6 per cent ce tificate issue was put out, maturing De: cember 15 this year. Later came t 5% per cent, then the 51 per cent, any of which could be used for the employment of savings to good ad- vantage. It has been estimated that Chirist- mas saving, putting in bank a stated each week, will result in 10 per cent of the fund remaining in the savings department of the col- lecting banks. If correct, this would add considerably to the more or less permanent savings deposits, If they can so be terme Some banka abandoned the savings club last year for the reason that they did not have the required room to handle the business. The Mer- chants’ Bank, which leads all others with $400,000 in its fund, claims that it could easily have taken in a mil- lion dollars, but that lack of space forced an early closing of the lists. ‘Wall Street Cheerful. ‘Wall street, iong & gloomy vale, an abyss of doubt and discouragement, has shaken off its lethargy and been showing a stiff urber 1tp for aixty days now, maintaining a firm front day after day, taking realising sales with persistency lhn ‘while prices are slowly improving. ‘Wall street recognizes mn fact that the rallroads are not out of the magn increasing equipment and getting ready for increased business rather than to wage cuts, It knows that our foreign trade cannot come back fully for years to and yet it is favorably to securities, because it in the recovered and increas. rosperity of the United States. In no section of business has the response been as good as in the bond market. After wuh of lc!l\'lv.v" 367,123,000 llmo-l without ocompletion of t! ay were offered. Industrial bonds have been put out to yield 6% to 8 per cent. Publio u!lll(ln bonds have been marketed to yield per cent, with e and municipal issues ylelding to per cent. ‘There is a reason for the activity in bonds. Investors are more than anx. ious to get thelr money placed that they may reap some of higher rat i before the glut of cash, which is ex- pected to develop with the new year lnfl ‘which has been evidenced in the rop of interest rates on Treasury o.rtlflnteu per cent to 43 per cent, redu rates generally to a basis where the returns will be much less remunerative. It is even predicted that 3 to 4 pe unt money will 0 a-beggin unlm the demands of 8 aho usineas should in- Up te Frifay, ,000-—Ans, Potomao R! “" 0 —C. And..lg. Telephone 1st h 73,000—Geory 34, ooo-—u-u-?ouun 48,000—Pot. Blec. Pow: 144,000—Pot. Elec. Pow. 3,000—Pot. Elec, Po 188,400—Pot. Elec. Power gen. [1arge sum being greatiy in excess ofd Decem- | has | inc The Year 1921 to Date on the Washington Stock Exchange. Furatshed by W. B. Hihlhe & Oo, Jiibbe 'gotown Gas u‘htl st Ge. BUSINESS CONTINUES TO GAIN "IN CONFIDENCE AND IMPETUS Wall Street Encouraged—Clearings Show Activity — Washington Sharing in Im- provement—Stocks and Bonds at High. crease sufficiently to al much of the funds. eerh Lecal Securition. ‘Washington seeurities have partici- in the aetivity and atreagth shown elsewhere in securities. Attention to the table of tramsac- tiona for the year published else- where u 0'! that practically every- thing i stocks and um in trlu in) llo top prioces ot tn u; .o Wnl{ Rfl" rru s but !O:I!l During the Jast 'ul moved !n ‘ul! Year, on a v llnlfl transactio] te agsinst 13 &reater lic informatio! resaon for the hetterment was ston, on the contrs 8 point or two year to di Io. w lah at ita P § per 2 hu u Mn_g;: n® that there weuld 314 5o an extra olna u‘r p n r sbout away du or two et - ) Last 0B weok' umu R'luufllu. Shbenge local ust aboyt the ’. oy ."0! the t’ 1 the top at 'l‘hll lun seems to be e for the present, giving an me the buyer of about 6. cent interest. Further ease inl mone: a lowering of rates, will probab! cause further advances in this and other bond Issues, all of which are near the best of the year. Matters for Counideration. During the present week the exec- 1utive council of the District Bankers' { Association will meet. The matter of savings in schools and of an educational campaign un- idertaken at the request of the Amer- ican Bankers' Association, fs being discussed by a committee of the locel assaciation, in the furtherance of this educatlonaj and thrift plan. Under the most propitious circum- ! stances the banks of the city would not, could not, show any results from this thrift education for a number of years that would compensate for the effort. This work is being pushed in all large cities, with intent to mutual benefit in later years. Immediate re- sults would, at best, he nil. Many of the leading bank officlals bhave prepared talks on financial topics in me simplest language for school pupil: Miscellaneous Matters. Tomerrow directors of the Rigge National Bank will be told that in- terests identified with thelr imstitu- tion have uired a controllin, ln- terest in the .mulcn Bavings Jjt is within the possibilities lhn there may be some chan, in the personnel of bank offict: of pro- posed banks during the e oy Every one 1§ Interested in the re- port of the committee of the Clear- ing House Associaglon in the matter of the application of the Washing- ton n and Trust Company to the assoclarion. - Over 1,000 Members. ‘Washington Chapter, A. L B, now has 1,000 membera on its list. J. C. Dulin, chalrman of the committee on increased membership, - reperts ad fl:n:n‘l members as & result of m rive. Many of these are sustaining nm- bers, who have joined that they help the work of diuuminl(lu. ..IK- ]:ul flnllflll education. in vis, pu-lflont ot the and bes nhighly onn mendnu uy bota senior and junior bankers for his Interest in hla em- ployes and in the training of the institute. PROFIT AS MARK DROPS. Finnish Merchants, Buying on HELSINGFORS., Finlend, November 12—The phenomenal decreage in the value of the Gmu mark means & u.vlnf for the munh merchants whe in the cours the past year bought hnvny in Mn and are Dow mal king payme eally orders pleced by rll\ul with Ger” mn mlnutul TS are on a time in u-mm marks. By buying muu o prese! nz- hundreds of N erZhante ore ablc liquidate their debts at a m-mm ranging from 50 to 75 Unlike the Scandinavi men the commereial land has not speculated im marks, but haa bought only -no&n; to m:l.se ual mcm- jow they can pay I‘:”mlrk’l‘ ought at the lowest quots- tion. ovessher 13, 1081, orl High. lLow.' Closa iver R. R Il- . :: :: :: 0% X nw 8 uo—-mn. Blec. Power gon. mort. L ‘Wash., Alex. and Mt. | :oo—-w-.-h Gaa Light gen. 370,000—Wash. Ry. and Elec. cons. 4a. llli 500—Wash. Ry. and Elec. gen. 6a. 74,600—Wash. Gas 7% ] 6.000—Riggs Realty dong) & 1,000—Riggs Realty (short) 100—D, C. 3,658, 317—Capital Traction 2,610—~Washington Gas 2—N. and By stsn;lb:;t. . 1,633—Wash, Ry. an eom. 455—Wash. Ry. and Eleo, pfd. 1 ! 131—Amer, mrlt! and §11—Cont!ne ul “Trust 160~—National Sav. l1o——unl-n Trust 0—Wash. Loan xtumn-nu' sank" " g0—=Sac. Bav. and Com. Bank. l1—ualnn Savings 5—Wash. Mechan! Pia 23 Buse. e y33