Evening Star Newspaper, November 22, 1921, Page 27

' BY JAMES ALLER%ON.: Special Correspondence of The Star. NEW YORK, November 28.—~Whole~ sale and retail trade suffered. some slight check this week. This is ai- tributed In part to the approach of @he Thanksgiving holiday, the effect of the garment workers' strike d, to the fact that the winter seasonal buying by both wholesalers and retailers now is draw- ing to a close. Mady firms are delaying contemplated purchases in order to close the year with light ingentories. Hollday buying, while iz is confined more closely than year to useful articles rather than to extravagance, {8 but little below the normal uverage 5o far. Hundreds of dwellings are being built in this section and the late months of this year will be_bugy ones in the con- struction line. Lumber has advanced nearly 30 per cent in the last six weeks and further advances In the prices of brick and cement are forecast by some isticians. Inquiries for structural 1 have increased perceptibly. e surplus supply of copper is being reduced and there is an underlying strength in this market which is taken to_ forecast a decided improvement in prices. Raw silk likewise is on the upgrade, reflecting the price advances in primary markets. Leaf tobacco and the cigar industry are very qulet. The effect of the foreign exchange situation on the export trade is indicated by the fact that nearly 300 vessels are tied up in and around this port. Business Holds Its Own in the Pittsburgh Area BY H. B. LAUFMAN. Special Correspondenc® of The Star. PITTSBURGH, November 22.—8usi- ness and industry in this section are more than holding their own in com- parison with other sections. There is & steady improvement noticeable in nearly every line. Although iron and steel are experiencing a slight let- up, mills are operating at more than 60 per cent of capacity as a ole. This must be regarded as & most ¢n- cnt stors business has been by warm weather, but the larger concerns report that the amount of bus'ness done shows & ma- terial improvement over that of last year. There is a disposition to force holiday trade as much as possible and merchants are competing sharply for such business. The October building report was the best in months and a real construction revival is expected next spring. Window glass manu- facturers are encountering foreign competition, but are enjoying a better |4 demand than for a long period. Si eral local plants are increasing t operations and demand seems to w rant production at almost capaci There has been improvement in mand for contractors’ equipment, mill supplies and ofl field materials. Many have been fired in the e region, but that field es much to be desired. large coke orders have been recelved althoughe ¢ is moving in & satisfactory manner. Retail Trade Increase Reported in Minnesota BY L. S. McKENNA. Special Correspondence of The Star. ST. PAUL, November 2 trade has increased sharply this week and the coming of cold weather and snowstorms has induced purchases of ‘wearing apparel and fuel, which have been long delayed. All lines of busi- ness report increased interest and larger sales. The holiday trade has opened briskly andbuymg for Christ- mas is far ahead of the total at- tained at this date in recent years. The improvement in retail business |Co has been reflected m the wholesale houses. Orders are larger than for months past and are arriving from all points tributary to tife Twin Cities | Libe _in_constantly increasing numbers. Eeather conditions have effectually | ¥ h: d building- operations, but the -season just elosed has been a most aotive ome in the morthwest. Con- struction in territory tributary to St. Paul involved contracts totaling more . than $80,000,000. Plans. for $15,000,000 worth of new construc- tion have been announced and indi- cations point to unusual activity in bullding next spring, Rubber foot- wear is moving In large volume and there is also a good demand fo: leather shoes. ‘Notes on Commodities 3 in the Various Centers ‘ ‘Woel. BOSTON, November 22 (Spectal).— Recomat The demana for medium and 18w . e wools continues excellent here &nd prices are firm.” Sales of wool afe heavier than at agy time In"two yeafs. SAN FRANCISCO, November 32 me.\.l),—'rm demand for wool in 4 market is showing some improve- “ment, although 'there has been little .wu in prices. Growaers find their ‘alips. groving slowly. ““NEW YORK, November 23 (Special). | baneity —Prices here for the high grades of “wool are firm, with the supply limit- ed. ' Mills which made low prices on spring goods are running at nearly jeapacity, although the strike in the ‘garment trades has checked buying r immediate delivery. Coal and Coke. Y 'pITTSE been fired at the Standard plant of the H. C. Frick Coke Company, mnear Greensburg. Mk, & ST. LOUIS, November 22 (Special).— _The retail price of milk has been re duced here from 13 to 10 cents quart. This is due to sctive competi. tion instilled in this market by new firms. R SAN ANTONIO, cial).— Drug job more hopeful over they have been for some tinre. he outlook ble basis by Janu: 1, and that therd- No | FINANCIAL. WHOLESALE AND RETAIL TRADE EXPERIENCES SLIGHT CHECK New York Situation Attributed in Part to Thanksgiving ,Holi&ay—Buil.ding Operations ‘Show. Gaipn. i i 2 URGH. November 22 (Spe- |dottori market showed renewed firm- | clal)—Fifty additional ovens . have|ness during today’s éatly trading ow- }133 it Man a8 against 23 ocsnts previously. ;'enty thousand birds‘ have been ment. - nt to eastern markets in one ship- E Neckwear. ‘ ~NEW_ YORK, November 22 (Spe- clal).—The greateést -demand for neckwear at present is for the nar- row, knitted tie, but manufacturers expect &n increase in demand for, other goods after the holidays. Shoes. NEW YORK, Novembe: (Special).— Manufacturers ola!;'o lvwreg \ x:lli)ml in Brooklyn and N I T e 3 or grades. wark are running at been a ful‘fllnl expensive FORT WORTH, 'TH, November 33 (Spe- cial).—Leather 1 et nqd?lh dealors report better tone sentiment l.l:“’lha 8 en mat for thoee mnmmod.lue:n ° . Lumber. SAN FRANCISCO, November 22 (Spe- clal).~Lumber prices are s thened hy because of reduction in frelght rata nm;d-“lhortflcul ihe past season. ve 10w sotat, prices have passed the Cottons. FALL RIVER, Mass, November 22 (Special). —Cotton manufacturers hera are much worried over southern wmfe- tition. "The Caroline Mills are paying | only about $13.50 a week for common ! labor, they say, with a fifty-five-hour week. In Massachusetts the scale is ! $20 for a forty-eight-hour week, and | local manufacturers fear they will be | unable to meet southern prices. ‘ Washington Stock Exchange SALES. tWfl;-m-mm Rallway and Electric 4s—$500 e ington Rallway asd Electric ptd.—5 ‘Washington Gas Light—2 at 47%, 25 at 47%. | AFTER CALL. tomac Electric g. m. and ref. 7s (W.1)— $1,800 at 1023 ll’cr:enlml!r Linotype—5 at 133%, 1 at . Pot Elect . m. L. . L 1,000 2t 100k, $60 aé Jonen T (™ 1= Capital Traction—10 at Di%. Potomac_ Electric cons. 5e—§1,000 at 88, iatington Gas Light—5 at 47%, 2 at 47 . at 67%, . Money—Call loans, 6a7 per cen‘l‘. S e BONDS. Bid and Asked Prices. PUBLIC U'fluT!.l i £ 06! 2 53 % Ci 2 Georgetown Gas 1st Ba n Metropolitan K. R. 3s. %Y Potomac Klectric Ligh 0 Potomac Electrie cons. 87% otomae or ) Potomac Elec. Power g. 1} P. B. P. g m. & ref. 10245 21 83 hington 0814 ‘Washington Rwy. and Elec. 4s.. 61 ‘Wash. Rwy. and Elec. g. m. 6s. 94% po % i SxBiast W OFRE NATIONAL BANKS. SEbLaEREEE Continental Trust National Savings and Frust. Unfon Trust TITLD tle .. Tithe . ot Merchants Transfor o sn:‘-'.fi Naret Sra lonotype ity ¥ ividesa. COTTON MARKET FIRMER; BETTER PROSPECTS SEEN NEW. YORK, November *22.—The ing to the firmer Liverpool cables, re- . reports of better prospects for u}“’ trade with India and re- domestic spinners were that g:;’l:s futures to fix prices on spot cotton: some_furtiier sion points active months sok 4 s:lnu net higher before the h o T A 17, November 32 (Spe- |ies bers in Texas are|gharts- in - Liverpool, .and - Liverpool : | an fwas o {in t] predict the business will be on & std- |esty” were, appeared 1o be § of commie- use demand and after opgnin; at’ an advance 11 to 1 20 to end of e first hour, with January touching 4and_ Mazeh 17.50. * Private ca- reported covering by mear month Thero also moderaté l;n{er of. nn‘.r“ u‘on‘:hu ! local marke nter- ed Wi g Janu- on there Director General of Railroads Dis- NEAR $2,000.000 SOLD, ' poses of Equipment Certificates. Director General of Raflroads Davis today announoed further sales st par and -~ accrued interest of railroad eéquipment trust certificates amount- in svi] Nashville,' Great Northern .n3 T nols . Central rafiroads. - The _total nzoum of these certificates -ou.':x th !nnmmant to date is !mEuaE . “The Partial Paymens House™ Keeping the Public Out of the Market Furious activity, wild speo- ulations, rumors of large earnings, declaration .of i stock dividends. Result: the public buys securities. That was In 1919. Market Inactive, business dull, statements bad, pessi- mism everywhere. Result: the insiders buy securities. This was in 1921 Write Department. M for Our November Market .L“‘" o Smith, Lockhart& Co. ESTABLISHED 1911 Continental Bldg., Baltimore, Md. Members Baltimore Stock Exchange “Safety, Convenience, Profit” Money to Loan Secured by first deed of trust om real estate Previ interest and comm] Joseph 1 inston., €20 Wash. L. & Trost I Weller Tl daa'vaw \dg.. Oth apd ¥ n.w. | This helpful ' booklet tells ~The How and Why of many gs H should know lbo"l’l‘: stock market trans- actions, —Market Terms and their definitions, —Trading Fractions, —Commission Rates, =—Deposit Require- ments, etc. Copy given on request lembers New York Curb Market Direct Private Wires New York Bosten Philadelphiz Pittsburgh m Baltimore Cleveland ‘monthly: Trust on undivided interests in Resl Betate. NATIONAL MORTGAGE AND INVESTMENT CORPORATION Temporary offios, Bl 1418 Eye l-'. it e, g, T B e B for tedight or hfld& loans. ~Shagnon & Luchs and M.sg?‘on 713 14th St. HOLD YOURS Do not part with them unless compelled to do so. BUY MORE Atpresentatrractive prices, thus reducing cost. Booklet No. 210 gives interest. ing aad profitable information. Write TODAY for your free ll ROSE & COMPANY | """ Libory Bond Speclaliss | [l 50 Broad Street, New York City ary Advance- was | after firms will-Degin to recoup losses. | some scaftered southern selling dur- || Copper. - N, November 32 (Speécial).— minent local copper men predict advance of several cents & pound in ti controlled here have withdrawn their copper. from the market. silk, SEATTLE, November 23 (Special). —Raw silk from the orient is moving through this -port at the rate of 70 t6 80 carloads a month, and ship- ‘war proportions.- Automebiles. SAN FRANCISCO, November 22 (Bpecial).—Trade reports indicate a better demand for: automobiles in California, but dealers declage m— vately that business is slow. placements, - rather than new pur- el s, are the rule, m Y. difficulty of moving cars sents a serious problem here. Poultry. POTTSVILLE, ‘Pa, November 22 (8Bpecial)—The price of turkeys has been shoved up to 65 to 70 cents a pound wholesale for live birds, which ‘would make the’ price of dressed tur- keys about 80 cents a pound. owin! ticipation gdrl on 2y, ::nug.! sold up l:-‘l .u.hmnlnc net ad ol red metal within .the next G Ihonth,-and sevetal important mines|tive "°““"‘.§“ of Tast ‘:r‘i ‘was somé irregti! to liquidation of. of. u| ty_lIster, ot 37 'vances on the ac- eok” Frid: o ek W ORUIANS, November 3. yers NEW . Advances of §1.50 a in the early rading in: mainly as- the un}; ‘worm reports that quarantines ments are gradually assuming pre- |reduce the Texss-acreage Pl ! D i i 3 1610 th s The ; per cent. 'ORK, November :'1‘; bar silver, 67%; Mexican R t sections " oA e otiow will matariaily the coming & flm.;rmnaprleal in' send- 16.92. 2 -In BAR SILVER :QUOTATIONS. 10! Bar silver, 8% oent. 22—Wor-. dollars, ember in |; : ;Rontal Property In these days of changed conditions it is materially to your advantage to have your rental property in the. hands of experienced and efficient rental agents. Do not trust yo?r rental prope! to those nof fully capable of managing it 5 Get the best service possible, it doesn’t cost auny more money and you will not be - experimenting. - We have a specialized 'ex- perience of o:;r ai quarter of a century in the molwneu - of rental -praperty in Wash-" - B. F. SAUL CO. Property Management 1412 Eye St N.W. -~ Main 2100 Acceptances liquid short term investments, Itisr that this o — B e 77 LOANS ON Maturing from 15 ke days to 6 months. S oot Inpornr fac e LIBERTY BONDS Yielding about - 4Y41% to 4%% Ldst upon request ML-433 v'\l{'.hfl:lfiidfity i EQUITABLE Money In Any Sum © Our connections locally and in nfhr cities enable us to fur. nish money in any amount ‘Washington Real Estate terprises. You § When You Ingest jn FIRST MORTGAGES]| They give you freedom from worry and annoyance and yield l LOANS If you have money to in- vest we can safely place it on , gilt-edge first D. C. Mort- for &n gages. Our record of 30 years insures your protection. Cour- teous treatment. Percy H. Russell Co. S. E. Cor. 15th & “K” Sts. e of the most In Denominations of $100 and Up Safety is unquestionable when placed by Bonds boughit and Sold Registered or Conpoa. Liberty t Sent gratis on request. “ Write for W 160 Kardos & Burke Amencan Bldg. *~ Baitimore FINANCIAL. - 15 Years —without the logs of a -lngzp penny in either principal intergst is only one of the many reasons for investors to buyy -3 ke Gilt-Edge First Mortgage Loans No Investment Better, Few As G Send for full details. Ce fed titles and insurance pol- icies furnished with netes. Conservative, ocourtecus con: sideration to all our clients. Notes from $250 up to $10,000 Now on Hand Chas. D. Sager — Loan Dept. M 26 023 154 Shannon & Luchs ¢ ' Main 2345 713 14th St. Cmmy_ Co-Operative Bailding is Will it be like the “Flying Dutchman,” the Am phantom ship of legend which appeared to Organtsed 1579 Booklet many men on many seas, but never reached & 42ND YEAR COMPLETED will port— N d Or like the modern liner carrying its cargo Help to be delivered at the appointed time and YOII place withouit failure or delay? ol Naent 8 slematic sy . If your funds are invested in our well se- e the Fanitanie, T lected First Mortgages on Washington Homes Subscriptions for the 82d lssue of Stock Shares, $2.50 Per Month 4 Per Cont Intevest EQUITABLE BUILDING JOoy FaANE . paying 7% interest, YOUR SHIP WILL COME IN when you expect it. 912 fif(fiem{h Streel. Gstallished 1889 Fist fnlmfgage SLoans In Conwenient Denominations Rust y/A IMain 688 Being Received Ask for booklet “A,” it's FREE. William S: Phillips First Mortgage Investments 915 F St N.W. Mezzanine New York Stock Exchange Pittsburgh Stock Exchange Chicago Board SAMUEL UNGER New Willard Hotel James Sloan, Jr., Manager MEMBERS Telephones Main 3364-3367 Leader-News Bldg., Cleveland, Ohio Chamber of Commerce, Columbus, Ohio J. S. Bache & Co. and Halle & Steiglitz New York Correspondents LEIDER & CO. Floor Cleveland Stock Exchange Columbus Stock Exchange of Trade -~ Consider Washington--- ASHINGTON is a truly American city. Of its total population in 1920 it included only 28,500 foreign-born per- sons. X s HE sound American tradition of home ownership naturally flourishes - here. Investments in First Mortgage Notes on homes built in Washington are safe- guarded by the thrift and ambition of native-born Americans. Swartzell, Rheem & Hensey Co. | 727 15th Street N.W. Washington, D. C. Mo Natiow's Home Town, &3 Yoars Withows Loss to An Investor. Your Investment Banker ‘The sponsorship of a conservative Banking house of ample means and large experience is the, first essential il your selection of bonds for investment. . Such sponsorship inclades a definite and comprehensive system of safeguards for investors from the day their money is invested until the final payment of interest and maturing principal. Or ri- ence of nearly forty years in the investigation and selection of investment : bonds. Our interest in an investment does not end with the purchase of the ™ bonds by our customers, but we continue to in touch with the condi- tions affecting the security of the bonds, until they are finally paid at maturity. g ganized in 1882, Harris, Forbes & Company have the accumulated at this time. Sl ® The bonds we. offer our customers are those we have selected as most suitable for permanent investment and to yield as high a return as is con- sistent with safety, within their respective classes. These bonds are pur- chased with our own funds, only after a searching and careful investigation} and when we offer them they carry our recommendation. I are interested In dn. investment service and sponsorship df this elnr- uLf’f’-e shall be glad to place your name upon our lists wlgueive special; bond offerings from time to time. 1921—everywhere and - of prosperity. Ask for our Monthly Boad Lists a1 : Harris, Forbes & Company - 15¢h Semet st Penmsybvania Avenue - = Pine Strest, Corner Wililam, Now York: HOME SAVINGS BRANCHES T 7th Street and Massachusetts Avenue, N.W. Offiee, Hiibbe ""“'!&_._”"' ‘ Eighth sod Hi S, N.B. . 436 Seves S S, ’—of eminently satisiactory S5th Oldest Savings Depository in Washington *Yealr Cor. 15th and New York Ave. THANKSGIVING R the harvest which has crowned the efforts of those who have labored and saved in 1921, Thanksgiving is offered In Plymouth of 1620—in Washington of thrift are the chosen measures of life and ¢ AMERICAN ¢ SECURITY & TRUST COMPANY Member Amerioan Benkers Associati Capital and Surplus. $2.000.000.00 = There’s Evidence service and protection in . the fact that more than- 41,000 depositors bank at this old institution. {We invite you to open an ac-" counghere now and sharc the advantages enjoyed by our big family of depositors. {Uniform rate oi interest. SAFE DEPOSIT BOXES m | always—labor and