Evening Star Newspaper, November 21, 1921, Page 18

[heue;, too—sent to us today will be returned crisp and clean for Thanks- giving Day wear. Before you forget Call Main 4724-4725-4726 Typical of the values Regal is offering at $6.50—now at the height of the season. Giving you ‘quickly the benefit of Regal’s ability to take advantage of lower manufacturing costs. Made by America’s Most Progressive Shoe-Makers Sold Ecomemically through Their Own Shoe Stores REGAL SHOE COMPANY, Factories: WHITMAN, MASS., REGAL SHOE STORES In WASHINGTON 3003 Pennsylvania Avenue, N.W. 1203 F Street, N.W, ~ Cor.DSereed (Near 12th Screst) (Women's Store) ol (Men's Store) “Bayer” on Genuine Aspirin—say “Bayer” TUnless you Jook for the mname ralgia, Rheumatism, ngrug:im; *Bayer” on package or on tablets you ache, Lumbago and B el oo, Senme, e e, g el e T o, e tand Dioved safo by millions. Dottles of 24 and. 10 irin 13 safe by millions. n the Bay- er package for Colds, Headache, Neu= 0. Aspir! rade mark of Bayer Manufacture ;lcnu':et{cwdelur of Salicylicacl TBAT Some- thing which you miss in other ciga- rettes is the Something youll never tire of in Tareytons. The millions of ‘Tareyton smokers assure you:— “There's Herbert Tareyton London Cigarettes 5 TCURITIES QUIET BUT STRONG Good Demand for Bonds. How American Investments Stabilized the Pound. BY L A. FLEMING. ©On today's session of the local stock excnange, trading was agaln greatly restricted with prices strong, but without any transactions in bonds. Thus for nearly four days, business days, bonds have been neglected on the local exchange, the while higher figures have been established on most issues on Wall street, and, what seems to be more important, there has been an excellent demand for the various issues over'the counters of the bond houses. This demand is for local pub- lic utility bonds, both for the {issues that have made good gains to date and for some that have been a little slow in advancing. - The bid prices and the asked prices hold well. Indeed, the temper of the market s strong. 3 Sales were reported at 61% for Rail- way preferred, 48 for Washington Gas and 133 for Mergenthaler, the 1sst & new high on this movem ‘The continued strength of Mergen- thaler is a matter of congratulation of shareholders. Washington holds over one-fourth of the total shares of the Mergenthaler Linotype Company. It is close to a 7 per cent investment at the market, is earning over 18 per cent, and has no funded debt Money was offered on the local mar- ket at 6 per cent with § per cent bid. Continental Trust shares sold at 95. Some chan, were made in the asked prices of other bank shares. E. J. MeQuade Wiil Lecture. E. J. McQuade, cashler and vice president of the Liberty National Bank, will lecture tomorrow evening before the elementary class of the ‘Washington Chapter, A. I. B. His subje will be “Promissory Notes and Discounts, Collateral and Mortgage Loans.” ‘Walter F. Albertson Dead. ‘Walter F. Albertson, one-time Dis- trict bank examiner and well known in local banking circles, died in New York on Friday and was burled yes- terday. Several local banks sent flow- ers. Work of Dollar Commission. The American dollar commission organized by the British government at the outbreak of the war to stabilize the pound sterling and to assist the government, through the purchase and borrowing of American securi- ties in exchange for British treasury bills from their British holders, with the levlluu of selling under certain conditions, acquired during {ts life- time $54¢,911,641 of American stocks. Twelve securities acquired were of railroads. Steel common furnished $11,134,800 and the preferred $15,670,900—bought or_borrowed. Most of the large acquisition was “borrowed,” but street under- stands that the great bulk of the se- curities were sold there. Canadian Pacific was the mains of the movement to help th $132,000,000 being bousht rowed. Union Pacific furnished $37 585,300 of the big pool, Great North- 33,174,23¢; Northern Pacific, $3¢,- 49,000; Pennsylvania, $58,201.64¢, and Atchison over $32,000,000. The bond investments of our Brit- 1sh cousins, bought or borrowed, con- sisted of the highest grade of rail issues, a special high-grade invest- ment selection, plus $33,600,000 Unit- o4 States Steel bonds. 8ecurities were accepted for two years, interest and dividends received ng to the depositor plus ad- ditional 3 per cent. It was fortunate for Grest Britain that her aitisens were so largely in- ed In American investments. In depositors’ Total P $33,705. ne per cent we; purchased and sold on the New York exchange. —_— COTTON MARKETS, NEW YORK, November 21.—The cotton market opened firm at an ad- vance of 27 to 45 points, with Janu- |ary selling at 17.31 on relatively firm Liverpool cables and slightly lighter ginning returns than anticipated. The report of the census bureau made the inning to November 14 7,2 ales, which indicated an outturn of 619,785 for the first half of the month, or the smallest on record and -unn{ CONDITIONS IN' saige BETTER THAN AS FORECASTED Woolen Mills Working at Capacity Despite General Slow-Up in Trade Fields. Situation Elsewhere. BY EDSON C. SMITH. Special Dispatch to The Star. BOSTON, November 21.—Business i stationary in New England. While there has been =0 sign of retrogression, the steady improvement which has been in effect since the late summer has slowed up. No particular empha- sis is placed on this by business men, however, as the winter months slways less active industrially. There is a feeling in commercial circles that railroad rates and federal taxes must come down before conditions can ap- proach normal, and Congress is being bitterly criticised here for the 50 per cent surtax feature of the revenue bill. Howev: business conditions here- abouts better than would have been thought possible six months ago. The woolen mills are working at ca- pacity. The mills producing fine cot- ton goods are almost up to capacity production and the coarse goods mills are only slightly less active. The average of all cotton mills is about 80 |per cent. Makers of low-priced shoes have all the business they can handle. ‘The makers of high-grade shoes are having a good deal of labor trouble, and their production is about 50 per cent of normal. Lumber and steel are selling better than at any time for a year. Frisco Retail Trade and Realty Market Broaden BY LYNN C. SIMPSON. Special Dispatch to The Star. 8AN FRANCISCO, November 21.— An improvement In retail trade, chiefly noticeable in seasonal goods, and a widening out of the real estate market which has been stimulated by easier money, are outstanding fea- tures of the business situation here at present. In outlining the situa- tion today, one of the officers of a leading commercial bank declared that the expected industrial revival had not yet taken place. Real estate loans, however, are increasing in vol- ume and interest rates are somewhat low Except for a few scattered lots, the fruit shipping season is over. The deciduous fruit shipments for the year so far total about 40,000 cars, an increase of 5,000 cars over the amount shipped in 1920. Grapes led the other fruits with shipments of 28,000 cars, & gain of 4,000 cars over last year. Rice prices here are stronger, and the demand for shipment to the orfent continues unabated. It is stated that much of this California rice will be shipped back to the Tnited_States as blended Japancse rice. Prune prices remain unchanged here, but growers outside of the as- sociation are holding their stocks for an advance. One sale of everal car- loads for the eastern seaboard is re- ported, however. General Rains in Texas Start Revival of Trade BY JAMES R. RECORD. Bpeetal Dispatch to The Star. FORT WORTH, Tex., November 21. —Drought-breaking rains have put new life into the business, banking, farming and oil industries of the southwest. Oil drilling had been dis- continued over a wide area. It estimated 300 rigs had been tied up for lack of water. Farmers had been sitting and watching the wheat die in the rows and retall trade was at a standstill. Every activity has been resumed, howe with the coming of general rain ‘The most impetus during the last week has been the demand for crude oil. Buy- ers flocked into Mexia and other flelds ind for the first time in the present year there has been a demand for more production. Supply houses and industries related to the oil business expected to Jeel the effect of this activity In drilling probably will be greatly in- creased. The advent of cold weather, later {this year than ever before, has in- fused life into retail trade, especially |in clothing and shoe Iines. i business seldom had been so poor in Texas before, but the rains and a norther have resulted in a brisk re- {sumption of demand. {” Building material in the southwest clal).—Inquiries for pig fron for 1933 deliveries are coming in to producers here. Quotations for the first six months of next year range $20.50 to $31 for No. 3 fourdry and 320 to $31 for bessemer. Shirts. NEW_YORK, November 21 (Spe- clal).—The Manhattan Shirt Company has cut the wholesale price of ring shirts to $20.50 a dozen. This will permit these shirts to be retailed at $2.50 each, or 50 cents under the present Agure. Food Preducts. mber_ 21 (Spe- for Thanksgiv-{ fracti lightly cheaper this year than last in this vicinity. ‘Turkeys are down about § cents a pound. Beets have fallen in price out 40 per cen! a crate lower have fallen materially. Cranberri cider, apples and sweet potatoes ha: increased in price. Notes. 8T. LOUIS, November 21 (Special). —Wholesalers dealing in all lines f this territory report that collections are much better in the outside t ritory than they expected. Local col- lections and adjustments seem slow, indicating disposition of business men to settle outside accounts as promptly as possible. Retail and wholesale atock: becoming small- are well diversified and fairly large, but many elves are not being re- plenished d supplies of staples in the stores are smaller than they have ever been. Merchants predict great activity in the spring, as a conse- quence. NEW_TYORK, November 21 (Spe- cial).—The first of the hundred idle Shipping Board ves: which have been tied up in the harbor here were moved up the Hudson to winfer quar- ters at Stony Point today. The fleet will be moved at the rate of eight or ten vessels a day until all are placed where they will not be dam- aged by ice. The veasels in most cases range from five to eight thou- sand tons burden. All thoss unlikely to be used for some time have been stripped, but those likely to' be used in the spring, if iness warrants, have been only partly dismantled. FORT WORTH, Tex., November 21 (Bpecial).—Texas farmers and ranch- men to date have received §2,847.000 in loans from the War Finance Cor- poration. This money has been used to rehabllitate herds and ald farm- ers to replenish equipment. Bank debits in Texas, Oklahoma, New Mex- ico and Arizona declined $3,806,000 last week. Washington Stock Exchange BALES. aTauMagte Bailvay ind iectric—4100 o “'um Gas Light—25 at 48, 4 at 48, Mergenthaler Linotype—I0 gt 133. AFTER CALL. Continental Trust Co.—3 at 95, 3 at 95, 2 at 5, zat 95, 1 at 9. BONDS. Bid and Asked Prices. PUBLIC UTILITY. B City and Buburban 5s. Georgetown Gas lst Be. Metropolitan Bs. Potomac noticeable commercial | potomae next few weeks, as Wi PUBLIC_UTILITIES. American Tel. and Telge...... 119% n now have reached a level of pricesd Ameri estimated at 30 per cent under those obtaining last year. but bullding op- erations continue to lag. 1| Commodity Reports uth, rices soon turned easier. ary to 17.15, or about 16 points from the best and back to within 17 of Saturday’s olosing, within the first half hour of 3 Futures opened strong, 17.20a1745; January 17.35; May, 17. July, NEW ORLEANS, November 31—~The inning report of 7,270,575 bales pro- duced to the 14th of November, while only alightly under expectations com- bined with much higher Liverpool lrlcu than dye to put the cotton mar- et astrongly bigher on the opening hd‘& advances of 40 to 69 ints, which carried December up to 7. heavy selling was met, much of it coming from realizin at the end of the frst half hour of business the market was tMinT at advances of but 20 to 28 points. December fell off to 16.55. Futures opened st December, 16.75; .vnmury.l March, 16.85; May, uly, - LIVERPOOL, November 21,—Cotton —Spot in good demand; improved busi- n prices steady. Good middling, fully middling, 10.85; Middling, X low middling, 9.17; good dinary, 7.43; ordinary, 6.67. 7,000 bales, inciuding 4,900 American; receipte, 29,000 bales, including 30,100 American. 1.7'“‘];’. ‘lbi El Jy: ; December, March, 10.48; May, September, 14.08 GAS FIELD UNCOVERED. NEW ORLEANS, November 21.—An enormous natural gag fleld, with pro- duoction potentialities unsurpassed in the history of the natural gas in- dustry of the country, has been un- covered in northern Louisiana, accord- ing to a report made public here following an investigation by en- gineers of the United States bureau of mines, conducted for the state on request of Gov, Parker. A productive area of 312 square miles, or roundly 135,000 acres in & solld block, located in Union, Ouachits. and Morehouse -r{nhu. near ::c flu of unnrloo, l.n’: 08! aa the Monroe gas feld, outlined in the report. DECLINE IN SHIP RATES. ‘With additienal rate pearing last week as the nnn“'f" “t meetings, it is now estimated by offi- of the Shipping Board general cargo from N to the United Kingdom and the continent are 20 per cent lower than those in effect & year ago. ELECTROCUTED FOR MURDER. 1 ok R From Various Sections Oorne CHICAGO, November 21 (Special)o— The greater part of the ocorn crop is D "excapt i the unper Missianippl ox o WM the northern plain3 states and parts of Ohlo. Nen-Ferrous Metals. JOPLIN, Mo, November 31 (Special. —The salss of lead and sinc in the tri- state fleld last week were larger than for any week in the last year, exceeding | ! $200,000. Silk. usf ion, mnm:lunureru of nllflc‘l’d .n? ‘which tarted its plant three weeks ago, re- ng {n. The [ ports & flood of orders com: company expects to be producing 4,000 pounds of silk daily early next year and eomempl':tu doubling the capacity of the Chemieals. Mergenthale: LONDOX, November 21 (Special).— | 0id "D Reports from Berlin indicate that the 0ld German_ potash industry is reviving. Although American orders are not large, some business is being TUnited States and employment at the German mines has increased. orbed in the remain unnnnndt sand, with ocost ol Furnitare. NEW BRLEANS, November 21 (Spe- cial).—Furniture of factories here are running at capacity and some are far behind in deliveries. Retailers say their business is being ourtalled by inability to get stock. Northern fac- tories are Mixty days behind in de- liveries to dealers here. Coal and Coke. CONNELLSVILLE, Pa., November 21 (Special).—The resumption in full of 81l the coke ovene in the Cennellsvil Frick Col rogiol by the cam;o:y ia expeoted in tha near ture. Machinern ; OIL CITY, Pa, November 31 lmgrlll lant of the ly mvan’ 7 n here has sumed operations in a running # bours a week. plant employe 700 men and has been operating only about thirty hou weekly dur mmer. An in- crease in ofl re- "E the su of] field eperations is given as the reasen for the increased num- ber of working hours. NEW_YORK., November 31 ( cial).—The heavy arrivals in thig country of burlaps n:; cutta Seris” mirmat Ry St Tower et damand 207 the heavy et . PITTESURGE, Novexber T0- Chve- done with the | Weg WORLD PARLEY ON MONEY, LONDON, November $1.—The inter- 121)- | national monetary conference ie sched~ uled to meet here December ¢ and T, Representatives _from _the United States, Italy, Holland, Ger- many, Austris and Mexico will attend, as well ag delegates from British in. stitutions, financial and commeraial, KINNEY BIG NOTE OFFERING. NEW YORK, November 31.—G. R. Kinney, Ino, operating the largest chain of general shoes steres in the United Bt sold §3,500, 000 of lis f yoar 1“»::. sacured gold notes to local firms, Ihoreat yislding abous 278 par oent ntere al per_oen The are non-callable for ten s, n';huo notes will be a direct obli- itionally ':lr‘:uua. of ith the ¢ (O'P" tee. e FINANCE AND TRADE NOTES. A new steamship line out of Balti-| more is that of the American Metal Transport . Company, which promises two_sallings monthly from Baltimore to Hamburg, m, Liverpool and roads had only-a- fair menthy trom | a Stocks of seasonal merchandise| s, HIGHEST VALUES NEW YORK, November 21L—The bond market today ssw the highest level of prices for the year so far. It bore witness both in the continued rise of the listed bonds and speedy absorption of the new offerings of the day. to the undiminished inten- sity of the investment demend. The $30,000,000 lssue of Consolidat- Ges one-year 7 per cent mnotes was eageriy snapped up and the $3,000,000 province of Saskatchewan twenty-five-yeur 54s, put out on a 5% basis, was nearly all sold with the course of the day. This latter was an for the return prom- 1sed e buyer was under anything offered in similar issues of Canadian provincials in the past. Liberty bonds were higher all around, but the foreign government group were {rregular. Mexican gov- ernment issues, after the enthusiastic advance on Saturday, were rather heavily s0ld. Tokio 68 came down a lon. On the other hand, Den- mark 8s at 107% equaled their pre- vious top and Copenhagen b5 at 37% exceeded their previous high. Danish munjcipal 88 were a half point lower. Rafls Are Higher. Missourf, Kansas and Texas issues are In demand, anticipating the an- nouncemcnt of the reorganization plan later in the day. The first 4s were heavily dealt in, as they got above 70, and the second mortgage 4s were 2180 quite strong. Other railway bonds that reached new high levels for 1921 were Baltimore and Ohlo 4s, Baltimore and Ohio convertible 4%s. Canadian Southern bs, gaining over 2 points; Leke Shore 4s of 1928 and the 4s of 1931, each up a point. Missouri Pacific general 4s, New York Central debenture 4s and the ., Pennsylvania general 4l%s and Pennsylvania 6338 rose up nearly a ‘Doint; Pere Marquette 4s, Iron Moun- tain 8t. Louis and 8an Francisco 55, series B; Northern Pacific con- vertible 4s, Virginia Raflway bs, Four general 4s, up two points; Chi- cago Great Western 4s, advancing over a point; Louisville and Nashville unified 48 and eake and Ohlo Sonvertible 4% New high prices wers made by a number of industrial bonds, in- cluding American Telephone and Tele- graph collateral 4s and the €s, Bell ‘Telephone of Pennsylvania 7s, Brook. lyn Edison 68, Central Leather b Cerro de Pasco 88, up over a poin Chile Copper 6s, Binclair 7%s, Mon tana Power &8, United Drug 8s, Bush Terminal 4s and the Goodyear &s of 1931 on a when-issued basis. ‘The sugar bonds were strong. "'lmsolluled Gas 7s rose fraction- ally. CLOUDBURSTS IN ITALY SWEEP AWAY VILLAGES Hundreds Homeless in Vicinity of Messina and Several Re- ported Dead. By the Associated ress. MESSINA, Sictly, November 21— Cloudbursts have devastated the whole countryside in the region of this city, entire villages being swept by the floods and the lines of com- munication broken. Hundreds of per- so0ns are homeless and several are re- ported dead. TRAIN KILLS THREE. Strikes Automobile on Street Cross- . ing at Keyser, W. Va. KEYSER, W. Va. November 21— Miss Murial Decker and Lioyd Dous- | las, employes of the Baltimore and| =i|SAYS BRIAND WILL SHOW FRENCH NEED OF SAFETY, Minister Barthou Tells of Prosithd Plan to Address Arms Conference. STRASBOURG, November 3 mier Briend will deciare for gus necessary tn the security of Franoe, &t the Wasiiington conference, Minister of ‘War Burthou sald in an address hereat the celebration of the third anniversasy] of the return of the French troops 15 Strasbourg. France, he sald. was ready to mepept the limitatlon of land armament o certain conditions, much as the complet» disarmament of Germany. Bel disarmament by Fra necessary to place Germany in a pos - tion where it would be impossible for her to endanger the peace of the world t was useless to repeat, he add that ¥rance had suffered too much fre war to dream of any further confiie! The democracy demanded the reforn: and development of peace institutions, not the pursuit of {mperiulistic drewm« if ‘the nation wisl wished 1t in all the dignity ae victory and in the security obtaine ! by execution of the peace treaty. —_— ZEY PREVOST TESTIFIES IN THE ARBUCKLE CASE One of Prosecution’s Principal Wit- nesses as to Ante-Mortem State- ment of Alleged Murder Victim. CO, November 21.- one of the prosecution’s principal witnesses, wae called ss the first occupant of the stand at tha resumption today of the manslaugh ter trial of Roscoe C. (Fatty) Ai- Ohio Rallroad Company, were killed | Puckle. instantly last night, and Aristotle Storts received infurles from which he died, when the automoblle in which they were riding was struck by a Baltimore and Ohio passenger train at a street crossing here, The three were rexidents of Keyser. Miss Prevost attended the hotel 5. Francis party in September, ut whic. Arbuckle is alleged to have inflicted injuries which caused the death of 7 2 Rappe. motion picture actress cost has been quote vin th: appe. in the presence the com: n, uttered the words T buckle hurt me.” . M :—_._-"ITWIIIIIIIIIIlllIlIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIlIIIIIIIIIIIIIIIII|IIIIIIIIIIIIIIIIIII!lIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII."%v are to be sold at g YOU ARE PASSING SPOTS DAILY WHERE FORTUNES WERE MADE IN LAND ‘When you walk around Washington you are passing real estate holdings worth many millions today. Did you ever wonder how the owners got possession of these fortunes in land? WELL, HERE IS THE SECRET The men and women who bought the then vacanf lands had VISION and FORE- SIGHT and could see that Washington must grow. THERE IS ONLY ONE NATIONAL CAPITAL ‘Washington is growing now at a tremendous pace and it will keep on growing. Land pow i8 in great demand. People want Home Sites. They must have them. HERE IS A CHANCE TO BUY LAND AT YOUR OWN PRICE in direct line of Washington's greatest development. 200 Building Lots at Marietta Park in that wonderful growing Northwest Section ABSOLUTE PUBLIC AUCTION Saturday, November 26, 1921, 2:30 P, J)., at Arcade, 14th and Park Road N, W. TERMS OF SALE—15 per ceat at sale, 15 per cent in 80 days. monthly payments. ance in 24 equal If you buy Marietta Park Lots now at your own price, you should reap a profit just as those who bought wisely before you have done. How to Reach Property—Take Takoma car on 14th street or Pennsylvania avenue and get off at Kennedy and 5th streets—one short block to Marietta Park, or get off at Oglethorpe and Third streets. Boardwalk to property. Bal- O R RO |II|III|||I|II|I|IIII||IIllITIIllllllllllIIl]]lllll!IIIIllflll|llIII!IIIIlIIIIIIIIIIIIIIIIIIIIIIIIIlIIllIIIIIlIlIIIIIIIIIIIIIIIIIIIIIIIIIIIIE’ A Danger Signal —Tender and Bleeding Gums P Healthy teeth cannot live in diseased tissue. Gums tainted (with Pyorrhea are dangerously discased. For not only the teeth are affected, but Pyorrhea germs seep into the body. lower its vitality and cause many ills. Pyorrhea begins with tender and bleeding gums. Then the gums recede, the teeth decay, loosen and fall out, or must be extracted to rid the system of the poisonous germs that breed in pockets about them. Four out of five people over forty have this disease. But you need not have it. Visit your dentist often for tooth and - gum inspection. And keep Pyorrhea away by using Forhan's For the Gums. Forhan's For the Gums will prevent Pyorrhea—or check its progress—if used in time and used consistently. Ordinary dentifrices cannot do this. Forhan's keeps the gums hard and healthy, the teeth white and clean. If you have tender or gums, start using it today. Brusk Your Teeth With Forkan’s—How to Use It o e s water, a half-i ing, brush your teeth up and down. Us rolling motion to clean the Brush i o teeth. Massage t first until the your gums with. your Forhan-coated brush—gently a ‘more Forhan Co., New York Forha FOR THE GUMS the grinding and back 35c and 60c, All druggists. Formula of R. J. Forhas, D. D. S. Checks Pyorrhea 'S Wet your brush in cold ing paste on it, then Forkan’s, Ltd., Montreal