Evening Star Newspaper, November 19, 1921, Page 15

= rw\W EVENING STAR, WASHINGTON, D. C, SATURDAY, NOVEMBER 19, 1921-PART 2.7 o TONIC OF LOWER COSTS NEED _ |Grain, Produce and Live Stock|LIGHTENING OF TAX BURDEN FOR FULL TRADE RECOVERY ESSENTIAL TO NORMAL TRADE Trend of Week’s Securities RICHMOND WANTS $1.20 GAS. RICHMOND, November 19.—Follow- ing & comprehensive report of a spe- . cifil cymmittee on gus, the Richmond Fifist Club has indorsed the recom- mb dgtion of the finance committee of i: ocouncil fixing the price of CENTRAL AMERICA COIN. TEGUCIGALPA, November 19.—Ths monetary unit of the Federation of Central American Republics has been fixed in & decree issued by the pro- visional federal council. It will be of gold and equivalent in value to an American half dollar. It will LOCAL WHOLESALE MARKET. Eggs—Strictly fresh, per dozen, 66; average receipts, 65. Live poultry—Roosters, per 1b., 18; turkeys, per lb., 40a42 chickens, spring, per 1b,, 22a23; hem per 1b., 24 GRAIN AND PROVISIONS. BALTIMORE, November 19 (Spe- 2, 1.76a Reports From Many Business Centers arkets Keep~ 244 at $1.20 per thousand feet. The 5; bushel, 1.00a1.25; beans, hamper, | 22; keats, young, each, 6 » ::: ;fi‘:l l::e .;.:w:;ms:n go. ? The welgh au. l:‘-aml‘;.ru::l- :‘-"_,!lnflgz;':;; 2.0042.50; beets, bunch, 3a4: brocoll, | Dressed poum-’y_xrreuh kllled -prlns blluhel 15a25; Brussell upruuu. qulfl. chickens, per lb., 25a26; hens, per Ii gtion of 10 cents. (T Wishes to associated with arranged rooms and interior. Gray-stone retaining wall and mas- sive oak trees. Open for your convenience all day Sunday MCKEEVER-!& GOS Members of the Washington Real Estate Board 1405 Eye St. homes. blank and mail to us. Jerome B. McKee That he has resigned from the Bradstreet Company and is now in the Real Estate, Insurance and Investment Business. v Suite 837 Woodward Bldg. 15th and H Sts. N.W. Phone Main 766, 4830 Sixteenth Street Between Decatur Street and Blagden Road A New Brick Home on Lot 50x150 Contains—a desirable number of well AT T Announce Thos. E. Jarrell, three baths, beautiful Sm... Main 4752 We have ready purchasers for des:rable If you desire to sell fill out this Special Dispatch to The Star. NEW YORK, November 19.—Few people are in business of any sort for their health. They are in it for profit. And no business can be in a healthy condition unlese the lifebload of profits flows freely through its arteries. Every business docté¥ has his own prescription. Scores of industries have responded to treatment. The majority have completely recovered from busi- ness depression and others are well on the way to convalescence. Those which are still in an unhealthy condi- tion have not received the right treat- ment. These latter have failed to respond to the tonic of high prices. That rem- edy, instead of increasing the flow of profits, has deadened the demand. Not one, however, has failed to respond to the tonic of lowered costs. the medicine which every sick indus- try must take sooner or later whether the dose be bitter or whether it is ad- ministered in sugar-coated form. Business dispatches received within the last twenty-four hours show that a great number of the manufacturing industries have gulped down their medicine and are on the mend. The railroads have followed suit, although they choked over the pill. Lowering of costs does not necessarily mean lowering of wages, although no busi- ness, anemio from lack of profits, can support either capital or labor. Lower costs mean increasing efficiency, bet- ter management and the ralsing of the individual standard of production. Capacity Production. Manufadturers and business men have found this out. Many are main- taining capacity production with working forces less than those form- erly required to produce capacity. Sales organizations have been im- proved and overhead reduced. The agriculturists are, however, still sick and cries of pain are arising from them in every section of the country. Until foreign demand has returned to normal, through the read- justment of exchange rates, there is only one remedy for the farmers— the cutting of costs. One of the larg- est wool growers in the west, who is now in New York, outlined today the situation of the farmer and the stock grower. “I lost about $50.000 this year,” he said, “but it was my own fault. trouble with the sheep business is that too much sheep herding is being done from automobiles.” Encouragisg Symptoms. wheat grower, the corn raiser and the cotton planter. Profits can be made to flow If costs are cut and those who are sick enough of the present situa- tion to want to get well are realiz- ing that fact and taking their medi- cine. That is one of the most en- couraging symptoms for the com- plete recovery of business health in this country that has developed in the last six months. In the meantime other industries are traveling fast on the road to re- Show That Majority of Traders Have Taken Their Medicine. That is | The That same situation exists for the ment by G. E. Vizner, superintendent of the Mingo Junction and Bellaire plants. Poultry. NEW YORK, November 19 (Special). —The supply of turkeys in this mar- ket still continues short considering the near appro: of Thanksgiving. Some fancy dry packed Maryland birds brought from 56 to 60 cents a pound, while fancy Virginia fowls realized 55 to 56 cents. Tennessee, Kentucky and Texas fancy birds aver- age 60 to 652 cents for dry-packed stock. Live Stock. SEATTLE, November 19 (Special).— The decline in packers demand for prime hogs and lessened public buy- ing has resulted in the lowest hog prices recorded here in twelve years. Tol‘l prices for prime light hogs range from $8.25 to $8.75 per 100 pounds; smooth heavies from $7 to $8. These prices compare with a range of $10 to $12 in 1914, SAVANNAH, G cial).—Preparations are being made here to handle half a million tons of American coal through this port to Cuba in the next year. PITTSBURG. Kans, November 19 (Special). —The whistles blew at every mine in this coal district to- day, but the majority of the miners here still continued on the strike inaugurated against the ruling of the Kansas industrial court in the Howat case, in spite of the threat by Presi- dent Lewis of the mine workers that every local might be expelled from the organization. Fruit. LEWISTON, Idaho, November 19 (Special).—All previous records for apple production in Idaho have been broken this year. It is now esti- mated that the apple movement will total between 4,700 end 5,000 cars. Sugar. NEW ORLEANS, November 19 (Spe- cial.)—Indications point to a long sugar grinding season, possibly ex- tending Into 1922. The weather has been favorable, the sugar content of the cane having benefited by the cool weather. Advices from other sugar- growing countries indicate the -sup- ply may fall short of the expected totals because of droughts. NEW ORLEANS, November 19 (Spe-~ which will be refined at New York and distributed throughout the east. This will be the first shipment of this kind for four or five years. November 19 (Special).— The pronounced demand for cheap shoes i8 having a strong influence on the leather trade here, inducing a more active demand for side leather and the cheaper grades of upper and sole leathers. Hides are strong, and reports indicate both South America and domestic markets are | radish, 10a20; cabbage, ton, 30.00a45.00; car- rots,. bunch, 3a4; caulifiower, crate, 1.5082.25; celery, dozen, 50a86; crate, 3.0085.00; cucumbers, crate, 3.00a 4.00; eggplant, crate, 2.0023.00; horse- bushel, 3.50a4.00; lettuce, bushel, 25a50. Lima 'beans, bushel, 3.0024.00; onions, 100 pounds, 2.0085.25; oyuter plants, bunch, 7a8; parsnips, bushel, 75; peas, hampen, '3.5084.00; peppers, crate, 3.0024.00; pumpkins,” each, 8a 12; savoy cabbage, bushel, spinach, bushel, 55a75; squash, crate, 3.00a3.50, urnlpa. bushel, 75a80. Apples, packed, barrel, 6.00a8.00; No. 2, 4.00a5.00; bushel, 1.25a2.25; box apples, 2.00a3.00; bulk ~stock, 2.00a 2.25 -per 100 pounds; cranberries, barrel, 17.00a19.00; grapefrult, box, 3.00a4.50; oranges, box, 3.00a5.00. Closing Prices at Noon Wheat—No. 1 red winter, spot. no quotations; No. 2 red winter, spot, 1.14; No. 3, 1.09; No. 2 red winter, gar- licky, - spot, !12%. November wheat, 112%; December, 112%. Sales—None. Corn—Cob corn, old, yellow, quoted at 2.55 per barrel. Contract corn, spot, 62%; track corn, yellow, No. 2 or better, old, domestic, 64 and 65. Sales one. Rye—Nearby, 76a85 per bushel; N 2 western export, spot, 90% per bush- el; No. 3, no quotation. ipts, 10 tons: demand is limited and smn" receipts ample for trade requirements at 16.00 to 21.00. Dats—White, No: 2, 4“21,5 per bushel b ght rye, nomimfl No. 2 straight rye, nominal; No. wheat, 13.00; No. 1 oat, 14.50a15.00. GAS C0. REPORTS LARGER RETURNS BY I A. FLEMING. With October the Washington Gas Light Company closed a thoroughly satistactory months from the stand- point of the net returns, although the latter were slightly off from the earnings of September. October gross earnings were $368.- 512.80, expenses, $291,238.11, net of $77,274.69, as compared With $79,000 in September. This is accounted for by the fact that the service was for days, returns for which will appear in the November showing, and that the lower rate for gas, $1.10 instead of $1.25 was in effect. But the comparison with October of 1920, is most pronounced in its refleltcoin of the improved business of the Gas Company and in local se- curities generally. In October, 1920, the Gas Company lost_$36. Last October, it made ,274.69, a gain of $113,398.94 over the year before. In apy event it is leaving two less 25; roosters, per Ib., 22; turkeys, per 1b., 45a48; keats, young, each, 60a75. Pork—Drassed, small, per 1b. Live stock—Calves, choic 12%a13; lambs, choice, per 5. live hogs, per Ib. Green fruits—Apples, per bbl., 6.0 10.50; per bus. basket, 2.50a3.: 25; we ern, per box, 2.00a4.50. California lemons, per box, 3.00a3.50; California oranges, per crate, 6.50a7.50.. Grape- fruit, 8.75a4.50. Florida oranges, 4.00a 25a40; | 6.00, Vegetables—Potatoes, new No. per bbl., 3.00a3.75; per sack, 3,50a3. sweet potatoes, per bbl, 2.75a3.5 Lettuce, nearby, per crate, North Carolina, per crate, Celery, per doz., 75a1.00. Romaine let- tuce, 1.25a2.00." Cymblings, per crate, Spinach, per bbi., 1.00a1.25. per _100-1b. sack, 6.00a6.25. Cabbage, 2.7583.00 per bbi. Cucum- bers, 5.0085.50. Lggplants, per crate, 3.00a4.00. Tomatoes, per box, 2.00a 7.00. Beans, 2.50a4.00 per basket. Lima beans, 50265 per qt. Sprouts, 15a25 per qt. 1, 75' DAIRY MARKETS. BALTIMORE, November 19 (Spe- clal).—Chickens, live, young, pound, 22a23; poor and white leghorns. 15a old hens, 20a23; small and white leghorns, 18a19; old_ roosters, 15; ducks, 20a25; geese, 24a30; turkevs, pigeons. pair, 35a40; guinea cach, 40285, Dressed poultry, turkeys, pound, 40ai5; chickens, 22a old’ roosters, 15ai6; ducks, 25 geese, 25230 firsts, dozen, 62a65; southern, Butter, creamery fancy, pound, prints, 47a49; nearby creamery, ladles, 30a32; rolls, 28230 packed, 26a27; dairy printi process butter, 35a36. _— COTTON MARKETS. NEW YORK, November 19.— The cotton market opened steady at an advance of 1 to 12 points and sold about 15 to 16 points above last night's closing after the call, on covering for over the week end and a little trade buying. There was bearish comment on week end re- views of the goods trade, which in- dicated a continued poor demand at first hands and continued complaints of British textile trade depression. This probably accounted for some scattered selling, but the offerings were nnl heavy and the market held very steady during the early trading. Salas of print cloths in the Fall River market for the week were estimated at 80,000 pieces and the curtailment of production at 60,000. Talk of in- creased curtailment is reported there, although fine goods mills are said to be sold up through January Futures opened steady March, December, 1678 Covering of the short xmerest put the price of cotton 10 to 18 points higher in the first half hour of the session today, December advancing to 16.18. The freezing weather spreading into the cotton region from the northwest acted to cause uneasiness among shorts, although most traders claimed there was little cotton anywhere in the belt to be damaged. Futures onened stead 6.1 ]5 91. December, March, 16.26 July, OIL PRODUCTION GAINS. BY STUART P. Special Dispatch to The Star. NEW YORK, November 19.—The proceedings at the Washington con- ference on the limitation of arma- ment have been the most important factor of the week in the larger view of the financial situation. The bank- ing and investment communities keenly appreciate the results to world finance and business which would follow the adoption of the American proposal for a ten-year naval holiday. Judge Gary, in his £peech before the American Iron and Steel Institute Friday, dwelt upon tax reduction as of more consequence than any of hte other adjustments which he said would have to be made before conditions get back to normal. The American disarmament program, cutting off as it would something like a half-billion dollars from our annual hudget, would go far to lighten the tax burden, which the steel chairman and all other business leaders declare must be lightened. Yet it has been hard to detect the Influence of the Washington gather- ing upon the price movements of the week. Bonds have kept on moving forward, but obviously for no reason except the downward _tendency of interest rates. Stocks have scarcely been stimulated, for the general run of them are little changed at the close of the week from what they were at the beginning. Cotton start- ed out to make some response, but in the end speculation got back to considerations of trade conditions and the statistics of supply and de- mand, despite influences which, how- ever important in the end, seemed at the moment too remote. Britinh Credit Strengthen The one market, which has shown the effect of the disarmament pro- posals, is sterling exchange. It is true that the increase in British ex- ports, along with the measures taken by the British government to en- courage forelgn trade, might suffice to explain the return of sterling to the four-dollar level. But it is gen- erally thought that the advance was also contemplating the result which the new naval program would have in_strengthening British credit by bringing national expenditures within the limit where they were certain to be covered by revenues and where an ample margin would remain for grad- ually redeeming the huge war deb The domestic trada_situation re- WEST. mains substantially the same @s a week ago. The demand for steel has slowed up and prices in some lines have been shaded. The copper mar- ket, however, has shown fresh signs of creeping forward, and skepticism as to whether the recent advance in oil prices would last has now about disappeared. The railway executives, it is agreed, made a pretty shrewd move in proposing to reduce freight rates on farm products 10 per cent for a pe- riod of six months, without waiting for the Labor Board to act upon the This was calculated STEAMSHIPS. ing Pace With Movements Directed Toward Lower Taxation. to placate the most formidable part of the demand for rate reduction- the demand from the farmer: and, likewise to lessen the most formidable opposition in Congress to the rallway funding bill—namely, that from the agricultural “bloc.” Suffer Revenue Losses. Some of the weaker roads will stand to suffer from the loss in revenue, but for the most part the carriers are not going to be hard hit by a $55,000 000 shrinkage the roads have placed themselves in an excellent strategical position. They have shown the public that they mean what they say when they promise to pass on the benefits of any saving in pay rolls. On the other hamd, should the 10 per cent wage cut not be ap- proved, they would be able, under the arrangement as proposed, to recall the rate concessions at the end of si months and re-establ! h the present schedules. The bond market went up se faxt that it got away from many would-he buyers. These people have according- 1y been turning their attention to the investment share list, and, as alway= happens when investment stocks of the highest rank have in their tur rather got out of range, the deman has descended to the class of issur known as business men's investments —-that is, stocks which are reasonably safe, nevertheless, have to he watched. The presence of a great in- vestment demand ready to come in. all the more should there be any re- action affords a very solid back ground for the entire market. (Copyright, 1921.) | MERGENTHALER NET $18.07. NEW YORK, November 19.—For the year ended September 30 Mergen - thaler Linotype reports net profits after depreciation and taxes, ol $2.- 313,469, equivalent to $18.07 earned on the $12,800,000 cav al stock. This compared with net profits of $2,430,731, or $18.99 a share, earned in precceding vear. Bills payable totaled $4,612,500, compared with $2,721,500 last year. The regular quarterly dividend of 21 per cent a share has been de jclared, payable December 31 to stock - holders of record December I. BEAVER CROP, $500,000. WINNEPEG, Man., November 1§ lBemer farming can be promoted to a source of revenue amounting to $500.- 000 annually to the farmers of Mani- toba, according to official report. He says depredations of beavers on pr vate lands can be checked and th colonies transformed into valuabl beaver farms if the farmers utilize the existing statutory regulations for preservation. Closed seasons o beaver have resulted in the establish ment of many new colonies of th valuable furbearers and have demon- strated that the beavers will thrive well in settled districts. STEAMSHIPS that much better off than it was last | year. Moreover, October was a very open month. Cooler weaiher, when it comes will increase. covery. Railroads have resumed pur- chase of material and equipment, and this has been followed by resump- tion of equipment plants and increase well cleaned up. NEW YORK, November 19.—Daily average crude oil production in the United States for week ended Novem- |CLARK’S lBtI: ORIENT_CRUTSE 1A Tee. Rooms............... Baths........_. GARDINER & DENT, Inc. 17 14th St. N.W. - Section.............. SHANNON | have to cross car line Churches. Stores, | detail. Striki and $97.00 ‘To Inspect Any am street, or ri Shannon | FAR ENOUGH OUT FOR THE A FAMILY And a_Homey Home, ngly beautifal n fnish, deco- i rations and architectural detail. One Home i ready for immediate possession. A Moderate Cash Payment Iava t-not. Mfln t’ho main Buh on ne:::'!“ three master bedreom: A Center Entrance Hall | AND | NEAR ENOUGH IN = FOR THE BUSY MAN A NEW & LUCHS | Bungalow i Hamilton St. at 13th St. N.W. ‘ashington’s most convenfent suburb. Two -dhool- right in the suburb. Children don't or heavy-traffic streets. modern in every Per Month (Including Interest and Principal) In This Same Subdivision (Best Car Service in Washington) ‘We are also two corner He wh lots of ground very unlq - :rrln n nts—the :;r:tdfl‘ur nv%u' - von- and first-floor a seeing at ence. of These Homes ' Take any 14th street car to corner of In- de out 16th street to one square to In- avenue, graham and east one short block. . WHY PUT .OFF? & Luchs Bafiders and Owmes 718 1dth-Se. KW, of employment. The demand for me- dium-priced shoes is Increasing stead- ily and already is so heavy that fac- tories in some sections are unable to keep fully up to demand. Results of Price Outting. Activity and increased production have followed the cutting of prices for automobile tires and the usual seasonal slump has been notable by its absence in tire plants. The paper industry is fast returning to normal and activity in the metal trades has replaced the lethargy which held them inactive for months. Reduction in the stocks of the non-ferrous metals has led to the reopening of mines and smelters long closed. The Thanksgiv- ing turkey will cost slightly less in most sections this year, as the weath- er has been favorable and the produc- tion of birds has been large. Retall trade has pegun to recover from the depression caused by unsea- songbly warm weather, and the holi- day trade is approaching expecta- tions, with the demand for toys espe- cially noticeable. Commodity Reports From Various Sections Steel. 'EUBENVILLE, Ohio, November 19 (wfl);—no Mingo Junction plant of the Carnegie Steel Company, near will resume operations next ‘week, after an idleness of over eight months, soccording to an_ennounce- months Soorcme D A e 2801 28th Street ‘WOODLEY PARK Completely Furnished Practically new house.” Im- mediate delivery. Two-car ga- rage. Near Wardman Inn. MIDDAUGH & SHANNON ‘Weodward Bldg.. 15th and H Or Realtor o= — The Most Mv-b City in Amarioc® Cleveland Park Chevy Chase Woodley Park We are offering a few very desirable houses now under construction. They || will be sold from the plans. If immediate selections are made, interior arrange- ment and appointments may be effected to suit in- dividual requirements. M‘KBEVER-HGOSS 1408 Eye Street NW. Mvin @732 BUILDA-LIMITLESS SERVI BU VY %16 rPOW ASHER FIRE PROOFING CO. 913 SOUTHERN BUILDING. ATLANTIC CITY, vember 19 (Special).—Ice manufacturers here are considering the advisability of a widespread advertising campaign to induce the using of ice throughout the entire year instead of through the summer months only. Machinery. PHILADELPHIA, November 19 (Spe- cial).—Two hundred men have been called back to work at the plant of the Sharpless Separator Company, which has been idle eleven month: ‘The company, which makes dairy m: chinery, is said to be in receipt of large foreign orders. Fura, KANSAS CITY, November 19 (Spe- cial).—There is every indication for an active fur market in the south- west this season. Missouri, Kansas, Jowa, Nebraska, Oklahoma nnd Ar- kansas are selling more furs than at any time for many years. Fish, EW YORK, November 19 (Special). shipment of 150,000 live eels will arrive in specially constructed barge from Canada this week. They are expected to sell here for 10 to 1 cents a pound and each eel weighs from 8 to 10 pounds. Lumber. SEATTLE, November 19 (Special).— All rail lumber loading for points in the middle west, including shipments of- shingles, is running 60 per cent of nmormal. Thirty-five per <ent of mill orders are for water rout.a de- livery. Lard. CHICAGO, Novomb.r 19 (Special).— Lard prioe: e down. This 15 ac- counted for by llrga hog shipments. The price is down in reflection of hog prices. Steel. ALLIANCE, Ohio, November 19 (Special).—The plant of the Ameri- can Steel Foundries Companv, which has recently resumed production, will put an additional force of men to Work next week and will continue to increase its pay roll until capacity production 18 reached. Notes. ST. LOUIS, November 19 (Special). —Strenuous efforts are being made in this territory to bring about wage and price reductions in the building industries. Considerable pressure is being exerted to induce contractors and bullding trades unions and ma- terjial companies to agree on reduc- tions which will produce an average decrease of 20 per cent in costs. In- dications are that an agreement will be reached on which to base con- struction which will cost more than a million dollars. NEW YORK, November 19 (Special). —Union bakers considered today the proposal of the New York mn- bakers that the workers agres to wage ocut which would enable the dealers to reduoce the price of a pound loaf of bread from 9 to 7 cents. The master bakers propose that a commit- tee from the workers and one from the employers meet with an impartial arbitrator to determine what wage is Jjustifiable. HELP LURE IN CANADA. ‘WINNIPEG, Man., November 19.—It is intended to cover prairie provinoes with questionnaire forms issued by the dominion employment service to elicit as far ahead as possible the re- quirements of farmers in the harvest season in order to facilitate through this co-operation the movement of farm labor next year from the east and other points. According to the pllnl, rallway companies will only issue harvest excursion tickets to men carrying certificates from the em- ployment service office, who will be dlanltchnd according to requirements and demands. —— SPRING SKIRT LENGTHS. NEW YORK, November 19.—From present indications, garment manu- facturers will try to compromise on the matter gf -klrt lengths for mext spring. It is sald that the dress de- signers will get over the difficulty by edding longer skirts, while the skirts. proper remain at t their 6 of brevity. The panel 80 be followed out so as change from length, the to‘.fl;:ln 417! m"t.hsn pane ng lower the skirt itself. For silk dresses, 13 es are already being spoken of as providing a suitable materlal 4ar the overskirt. at 85, 2 10 at 71 at_653%. ‘Waskington Railway and Electric com.—25 at Capitsl Traction—15 at 92, 10 at 92, § at 92. American Tel ‘American Tel Director Elected. Directors of the Washington Gas Light Company have chosen Robert L. Wheeler to fill the vacancy on the directorate caused by the death of the 1 Fraser, for many the directors of the company and a prominent local in- vestor. Local Shares Active. Bonds were entirely neglected on today's session of the Stock Ex- change, but there was renewed buy- ing of the various public utility stocks and values were decidedly strong. Capital Traction shares made a new high at 92. Railway common sold at 38, quite freely, and the preferred at 651 to 65%. Some round lots of American urity and Trust changed hands at 220 and of Washington Loan and Trust at 267. Lanston attracted some i tion, selling off to 71 ex-dividend. let-up for the last few days has been complete. while the greater mar- ket at New York climbs to higher figures and the banking fraternity is talking of lower rates as a possi- bility of the near future. _—— Washington Stock Exchange SALES. Capital Traction—25 at 92, 9 at 92, 16 at w“hln‘m , Ballway and Electric ptd.—25 arican “Secarity apd Trust Oo—10 at t 220, 25 t 22 Y aatin hington Loan and “Fast Q010 at 201, Lansten, Monotype—10 at 71%, X AFTER CALL. Capital Traction—25 at 92, 10 ai Vashington Railway and Blecth” ptd.—25 BONDS. Bid and Asked Prices. PUBLIC UTILITY. and Telga. 4e. nd Telga. 4 Am, Tel. and Tel. Am Tel. and Tel. Anacos tor Aacoatia and Potomae gu C. and P. Telephone 5s. Capital Traction. B K. Gity and Subnrbe; ctl. tr. Potomac Electric_cons. Potomac Elec. Power 6e. tomac Elec. Power g. m. 04 ‘| Finery, 114 A Continental Nationa] 8¢ Blvlnn and Trast. nfon ot Weington Loan wnd “Erost: SAVINGS BANK. Commerce and Savings East WIlhln‘(oll Merchants’ Becurity Sa Seventh Street Unlon Savings Washtogton Mechanics' " FIRB INSURANOB srocms American . Firemen's . National U TITLD Columbia Title . Estate Lanston Monotype Becurity Storage Washington Market .. ed.| in _collections has been checked .| some instances. ber 12 was 1,262,200 barrels, an in- crease of 69,820 barrels compared with that of the preceding week, according to official estimates. The gain was due to an increase of 75,000 barrels to 295,000 barrels daily in California, re- flecting the settlement of the strike in the oil flelds. The daily production outside of California showed a de- crease of 5,180 barrels from that of the preceding week. SEES BIG FAR EAST TRADE. NEW YORK. November 19.—“If the present conference in Washington will ! successfully conclude far eastern questions and lead to more stabilized conditions in that region, there is no telling how huge international trade will grow in that field.” So said Kanso Nanjo, managing di- rector of Mitsui & Co., at a luncheon given by the New York Stock Ex- change at India House, in honor of the Japanese mission visiting this coun- try. TRADE REVIEW. ‘W YORK, \o\qmber 19.—Dun’s review of trade With a con- tinuance of flucluatlng demand. prog- ress tdward better business is still gradual and uneven. Seasonal in- fluence, as usual at this period. now begins to cause increased activities in some branches and diminished operations in other line: ‘The latter phase is witnessed in channels where inventorying is becoming a factor, but retail trade is moderately stimu lated as advance holiday require- ments develop and .lower tempera- tures prevail in some sections. ““The net result of commercial move- ments is not adverse, and the a nounced reduction in freight rates on farm products adds to the construc- tive forces whose ultimate effect will be beneficial. Recent declines in price of cotton and grain, however, have tended to increase uncertainty and hesitation in strictly agricultural districts of the west and south, and the enlargement of buying and gain in “Weekly bank clearings, 792,000.” $5,985,- Bowie Racing Entries. RACE TRACK, BOWIE, Md., Novem- ‘| ber 19.—First race; for maiden two- ear-old fillies; five nx‘ldTa )‘;alllf !i\;:- iongs—Mrs. Grundy, 11 oodles, o Bettie Louise, 114; Lady Zeeus, '114; Stola, 114; Adelia S. Miriam Cooper, 114; Pretty Lady, 114 Fayelle, 114; Freezy Sneesy, 114; Fin nish Maid, ‘114, Also el mbl&Royal Primrose, 114; Miss Emma G. Rackemup, 114; Jacquelia, 11 Vanity, 114. fieooym‘l l‘ce. cll(m"lg for three-year- alds and up; 8ix and one-half furlong: —The Daclllon. 120; Mark West, 112 Amackassin, 112 Sister Emblem, 109 Staunch, Pomerene, Brummel, *Chas. J. grhi 111; Uncles I‘!ll 109; S||enu 113; Thrifty Three, K 109; Lad. Granite, 106. Alao eligible—Paul Con- nelly, 111; Aectress, 106; Kitty John- *Anna Gallop, 104; *Bur- goyne, 111. Third race, the Annapolis purse: for two-year-olds; seven furlongs—Moco, 111; Doughnut, 108; (a)Tangerine, 108 Sailing Along, 105; Volcanic, 104 Champlain, 111 Delhimar, 108 (2)Dunce Cap, 10! Fannla BEln. 105; Opperman, 111; Wessle B.. tent, 105; Finality, 10( (I)R. T. Wil- son entry Fourth race, the Priscilla purse; for fillies and mares, all ages; mile and seventy yards—Lunetta, 115; Rubidi- um, 103; Ten Buttons, 98; Dre!den. 1 Lady Emmeline, 103; Lovetap, 9! Arrow of Gold, 105; By Jiminy, 10 Fifth race, claiming; for four-year- olds and up; one mile and furlong: Yorkist, 113; *Bribed Voter, 112 *Joan of Arc, 109; Woodthrush, 104 Queen Blonde, 10 *Veteran, 112 ackamore, 107; *Comme Ci, 115; *Widow Bedotte, 111; *Who Cares, 106, Sixth race, claiming; for three-year- olds and up; one mile and sixteenth— George Washington, 112; 112; Smarty, 107; *Whitehaven, *King Trogan, 102; Bombast, *Solid Rock, 107 'erllke 107‘ PA Gallop, 10 Tital 107; lel.h. 104 'klng! Belln. 9. Seventh race, claiming; for three year-olds and up; one mile and six- teenth—Paddy De 112; Favour, 109; Vesuv.lua, 107 'Bollndlng Throngh. e, oo eate: Feneto; m ; *Me- dusa, 1"4 sur Court, ui Fantoche, th K., 104: a, 103. 'Apprentlce allowanes cigimed. Weather, clear. Track, good. AMERICA LINE—SHORT ROUTE TO | Guj Norway, Sweden, Denmark, Germany MODERN TWIN-SCREW !'I'EA.EIIS Bergenafjord S emeeTiord Sta llent Pas Accommodations. Py # Whitehall 8t., N. Y. 15 Noon Jan. 19 BERMUDAS e iends of Basabiaer $126.83, all expenses. Delta Tours. Phone Main 1472 500 Bond bldg. BOSTON BY SEA FALL EXCURSIONS STOPPVER AT NORFOLK FROM WASHINGTON City TicketB Officc Woodward 731 15th st.‘l\ W NORFOLK & WASHINGTON STEAMBOAT CO. FRICA 'Dy Union-Castls Line, h-:nnc- Ml.“‘{ xrw Agts. r AUSTRALIA lulu, Suva, Ne Eiadian Ausgratastan ¥ Seymour 81 Fanconer, 2 Luxuriously ap- pointed passen- ger steamers of 21,000 tons dir- placement sall- ing from New| York. S. S. Vasari T o ” n“{”!l&'.'..fl. 74 _days, nclodiag Hote: deg. Driges, teen. pZ ‘Parls and Loa: Fraik C. Clark. Times Bidgs N. Y. NEW YORK—HAVRE—PARIS PARIS o n Dec. 14 Jan. 18 CHICA LA TOU! ROUSSILLON. . . Dec. 15 —_— LA SAVOIB....Dec. 23 Feb. 11 Mar. 11 LA LORRAINE. .Dee. 31 — ROCHAMBEAU . .Jan. 17 NEW YORK—VIGO(”-")—HAVRE LEOPOLDINA TOURS in ALGERIA&MOROCCO Bordeaux or Marseilles B o —_— our Week lm: Trips 1419 New York Au. wuhi "‘Tbe Comfort ‘Koute” Te Mal and South Ameries wmml| tropics. Com- l-m&m-vn:mmu-u-. an equipped with beds. with bath. e o increme your com- fort: 7ot us belp you plan your triv. New York to Cristobal, Balbos. Callsa, ‘Mollendo, Arica, Iquique, Antofagasta, alparaiso EBRO ............Dec. 10 ESSEQUIBO . Ldan. 7 The PAClFlC STEAM NAVIGATION CO. SANDERSON & SON, Agents 26 Broadway, New York 117 W. Washington St.. Chicago —or local agents ‘THE CANADIAN PACIFIC Cruises de Luxe To THE WEST INDIES, PANAMA, SOUTH AMERICA snd WINDWARD ISLANDS by the splendid oil-burning steamabip EMPRESS OF BRITAIN No cinders - Leaving New ank Jan. 21st, Feb. 21st, 1922 27 DAYS - FARES from $300 n...n.;‘ggo_m(a‘,:fléfau and La Brea ( Trinidad), 22200 tons displacement me STEAMER TO THE TROPICS osoot - No coaling at ports Wareinigeors - Amatia (J¥. ) Sanjuan (m. Rico), Nassen 5 (¢ 3 Special orchestra carried. Ne Feor rates and full information to loeal ageats or New Yerk Ave. Mais T58 Wi CANADIAN PACIFIC RAILWAY, Trafic ‘ashington, B, O Agexy