Evening Star Newspaper, December 4, 1921, Page 36

COURT CONTINUES CASE. Father Declares Daughter Is Un- lawfully Detained.. Justice Stafford of the District Su- preme Court yesterday continued for two weeks the hearing in the case of Annle J. Kidd, fourteen years old, whose father, William G. Kidd, on writ of habeas corpus, 18 seeking to release his daughter from a local or- phan asylum. Pending the hearing the child is to be remanded to the in-} stitution, where, it is claimed, her detention has_been without lawful l ForRent-Unfurnished Desirably Located 1810 Conn.Ave.N.W. uitable for private residence, exclusive rding house or a residence for club fraternity. 20 Rooms—>5 Baths Garage FOR PARTICULARS APPLY RANDALL H. HAGNER & CO. 1207 Conn. Ave. N.W. Franklin 4366 authority. sy, The petitioner alleged that his daugh- ter Iy hot held under a lawful order of commitment, in that the Board of Chil- | dren’s Guardians exceeded its authority !in the matter. The action of the board { was In response to a finding by the | Juvenile Court that the girl was lacking in proper parental care. o mond " Neudecker ap the father. I g L S Come Out Today 3714 Livingston St. N.W. Detached—Lot 40x150 Half block from Connecticut avenue, one of the best locations in Chevy Chase. Built by day labor by one of the best home builders in the city. California style semi-bungalow of eight rooms and bath, on two floors, with all the modern improvements, hot-water heat, gas and electricity, hardwood trim, breakfast porch, cold storage room, inclosed glass sleeping room, large colonial porch, open fireplace, room 14x23. An ideal home for the money. = Price, only $12,500—Terms See E. D. TESSIER, Owner and Builder E 1311 Gee St. N.W. Franklin 2633 T o T “No Place Like Home; No Home Like Ours” Since 1899 Be Sure to See Our SUNSHINE HOMES MICHIGAN PARK . 12th and Michigan Ave. Homes in Town With Lots 75 ft. Front for Less Than Houses in a Ro: $7,650 to $8450. Exhibit open daily to 6 pm. Over sixty mi ;efo:; completion. Take 11th or F or North Capitol street car marked “Brookland” to end of route. Immediate deliveries. Seven different esigns. ‘ nd 7 Room Bungalows Monthly Cash Montl 1y . $08° $1.500. 380 6 and 8 Room Houses If you desire to build, you make 5o mistake in 2 Ak Jour asker, Aroitect or Brshor, Jat Ave. Fark MASSACHUSETTS AVENUE PARK THE IN-TOWN SUBURB Consisting of several hundred wéoded acres of individual lots, group lots and villa sites, miles of improved streets, sidewalks and other public utilities. Bounded by Mass. Ave, west of Sheridan Circle, Woodley Road (Cathedral Ave.) at 32nd St. on the north, Rock Creck Park on the south and adjacent to the beautiful Conn. Ave. bridge on the east. It contains unquestionably the finest home sites in the city and, under the new management, is offered at prices no more than high-class suburban property miles farther out. Call or telephone for plat and prices. Some desirable 50-ft. lots as low as $2,000. Buy now and plan your “Dream Home” from $12,500 to $100,000, according to location.” A plat of this property is also exhibited at our Sample Home, 2727 Conn. Ave. Open to 9 p.m. MIDDAUGH & SHANNON, INC. 10th Floor, Woodward Building, 15th and H—Main 6935 Cut this advertisement out for reference. Writs for illustrated book. %uummnumlnmmunnmmmunumnmmmnmnmmmunnnunmm i 1215 to 1221 Kenyon St. N.W. 13th and Spring Road N.W. 8th and Quincy Sts. N.W. 23 Bryant St. N.E. 1352 to 56 K St. S.E. 947-957 14th St. S.E. 539-41-43 Kentucky Ave. S.E. REMEMBER THESE FACTS! 6, 7 & 8 ROOM HOUSES All Houses Open for Inspection All Houses Sold on Monthly Payments Force Your House to Pay for Itself—You Can Easily Rent Second Floor for Encugh to Make Monthly Payments Work for Greater Washington Discussion of Activiti es—Past, Present and Future of the Big Civic Organizations Merchanis and Manufacturers® -Assn. Meetings of the board of governors of the Merchants and Manufacturer: Association and the executive com- mittee of the Chamber of Commerce, in which the administration of Maj. Harry L. Gessford, the retired super- intendent of police was praised, and a local man urged for the vacancy, featured the activities of these organ izations during the week. At the special meeting of the board of direc- tors of the Board of Trade, held No- vember 21, the board wished Maj. Gessford a speedy return of health and renewed. its expressions of con- fidence in him. The resolutions lauding Maj. Gess- fotd were adopted with other resolu- tions urging the selection of a local man and conversant with local af- fairs for the vacancy at the head of the police department. These resolutions, adopted by th three largest civic organizations an representing the united business ins terests of Washington, are intended to show that an “odtsider” in the de- partment is not wanted. The busi- ness men of this city have shown that they are unanimously of the opinion that there is a wealth of material in the police department at the present time, and that if a selection cannot be made from the department itself, there are many residents of this city who could satisfactorily and efficient- ly fill the position of superintendent of_police Excerpts from some of the resolu- tions follow: “The Washington Board of Trade expresses its sincere sympathy in the illnesmof Maj. Gessford, its confidence in_him, and fits appreciation of his 2801 28th Street WOODLEY PARK ly Furnished Practically new house. Im- mediate delivery. Two-car ga- rage. Near Wardman Inn. IIIDDAUEH' & S‘HANNON 6933 We Buy and Sell High-Class Houses Apartments and Business Properties What Have You to Sell? Real Estate Lanham & Hill Insurance Main 366 T City in Americe” "he Most Livabdle ‘ E’RE Exclu- sive Sales Agents for many of the best Real Es- tate propositions in town. A client saves in many ways by consulting “Max- imum Service.” 9 When a house is listed with us, our experts pass on its value and advise fi the owner accordingly. J 1. There are several New | Home properties we are || putting on the market I Federation of Citisens® Assms. services as major and superin o porter TN ) suberintandent “The board of governors of the Merchants and Manufacturers’ Asso- clation is keenly alive to the impor- tance of finding a new chief from the ranks. The office of chief of police of the National Capital is one of the jInost important public administrative functions to be exercised by any one individual, and we quite agree that wide experience.” “The Washington Chamber of Com- merce is heartily in favor of promo- tion for efficiency in every line of en- deavor. We, therefore, urge that in the police department of the District ;)‘:“(i‘(xlumbsa this principle be fol- This coming week will probably see much activity on the part of commit- tees of the civic organizations. With the convening of the regular session of Congress tomorrow many matters will be taken up in which manifest interest has been shown by the busi- ness men of the city. The City Club, Board of Trade, Chamber of Commerce and other of ganizations will renew their fight be- | fore the District subcommittee of the Senate, for nationa representation, hich includes the right to elect vo ing representatives in the electoral col- {lege and in both houses of Congress. The hearings on national represen- tation have been featured by ad- dresses by James T. Lloyd, Paul Lesh, . H. Glassie, E. C. Brandenburg and other prominent Washington business men, who have pointed out to the committee just what the city wants in the way of national representation. They have endeavored to show the committee that Washington does not want statehood; that there is no chanwe advocated or contemplated in Ithe form of local government, and {that what the District of Columbia ipleads for is representation in the | body that governs it The organizations will also be in- terested in the Commissioners’ est { mates for appropriations, which, after | passing threugh the hands of Budget { Director Dawes and his adviser, Sen- ator Sherman, will be laid before Co |gress’ tomorrow. Many local improv ments, involving appropriations and, in some cases, legislation. have been ap- proved by the local bodies and their | committees, and their activities will {soon be directed to advancing the | projects beforo Congress at its new ses- + sion. | The new membership committee of |the board, with George Farquhar its \airman, will get under way on Tuesday. The committee hopes to make « flving start, so that it will be in a position to shatter the imposing record sct up by Charles Waters and his 1921 membership committee. Several committee chairman ap- i pointments have been made during { the week by President Thomas Brad- {ley of the Board of Trade, and a: | siznment cards to various committees { sent out to members. iBUSINESS SLUMP CAUSE. Slow Return of Japan to Pre-War Basis Explained. Highly organized character of Japa- nese industry and its close relations {with banking and finance are the main causes for the slow return of Jap: vese business to anvthing like pre- war_normal condition, according to | F. R. Eldridge, special agent.of the { Department of Commerce, at Tokio. Heroic measures were necessary when the slump came in 1920 to prevent | precipitate declines in prices and | wholesale ruin and disaster. Meas- ures then adopted have kept the brake on Japanese price declines ever since ‘and the high cost of living result, {trom these price levels has kept wages Ligh gh. The ordinary economic remedies of | reimport and underselling are partial- 1y defeated by concentration of stocks and the control of foreign marketing | by large organizations. | 10 PER CENT ON DEBTS. BOSTON, December 3.—The trustees of Charles Ponzi, having brought to- gether the available assets of his de- funct get-rich-quick scheme, have announced _their intention to 'pay. di.idend of 10 per vent to his many | creditors for the Christmas holidays. If You Are 1215 to 1223 Large Lots, 20 by 1 Plenty Room for \ 5 nu. $100 monthly. J. A. Lowell, one of the trustees, in- dicated that creditors, whose claims run into millions, might reasonably hope to get back 25 per cent of what they paid in by the time final settle- ment has been made. TS Loikisg for A NEW HOME INSPECT KENYON ST. COLUMBIA HEIGHTS N.W. Open and Lighted Until 9 O’Clock 50, to 15-Foot Alley 8 ROOMS—ATTIC Take 14th Street Car to Kenyon' Street and Walk East 11/, Squares Garages, Gardens and Flowers Only 2 Left H. R. HOWENSTEIN CO. 1314 F STREET NORTHWEST ted on Baltimore Pfke adjolning Hyattaville on morth, ¢ miles Excellent condition. frem Capitol; 14 reomis, garage for 2542 13th St. N.W,, Washington. R. WILSON Phone Col. 167-J. Itself From Labor Abuses BY WARREN RYDER. (In the New York Times.) 8an Francisco has found a way to handle an industrial coxtroversy which paralyzed its buflding Industry and threatened for a time ail other industrial activities. The city entered that controversy as one of the most tightly closed union shop cities in America. It emerged with the Ameri- can plan firmly intrenched. But the most important result has been that. out of this conflict came the Indus- trial Association of San Francisco, the only organization of its kind in America. Labor urions representing employes ployers have existed for many years throughout the nation; but the Indus- trial Association of 8an Francisco, created by the leading business an professional men of the city from a nucleus furnished by the industrial committee of the chamber of com merce, is not a body organized to rep. resent either labor or capital, but permanently and militantly to repre- &ent and act for the whole publjc. No Classes Recognised. It recognizes no class; nor sponsors any program that Is not calculated to promote the genera] welfare. It is not hostile to labor unions. Its doors open as readily to a laborer, union or non-union, either to register a griev- ance or suv=-s' a remedy, as to & leader of industry. Although nuc a..ii-union, the organi- zation is pro-public, and has set itself resolutely against the return of con- ditions which for a quarter of a cen- tury kept San Francisco in almost constant industrial turmoil. It has taken the position that domination of a eommunity by any one class or ele- ment is wrong in principle and in practice inimical to the progress and prosperity of the community. 8San Francisco for twenty-flve years has been the citadel of trades union- ism. Every important industry has operated under the closed shop, and a non-union worker has been a rarity. The unions have grown in numbers and strength and not content to func- tion merely in industrial affairs have reached out and utilized their power in city and state politics. Unions Strong in Politics. Hardly a man in_political life who by word or dced offended union labor bas survived, and it has been common knowledge that even governors and other high state officials have been forced to sit in frequent council with the chiefs of union labor's organiza- tions. On two occasions the unions succeeded in capturing_the San Fran- cisco governmentand never have been without representatives on the board of supervisors and in other municipal departments. More than any other element in the community they have dominated the political and govern- mental affairs of the city. Holding| such power, it was easy for them to tmpose_thefr own rules and regula- tions affecting industrial matters, an with the passing of time these be- came more arbitrary and oppressive, until conditions were intolerable. The most aggressive unions in this respect were those of the seventeen different crafts of building trades workers, whose parent organization was the Building Trades Council. Op- pressive and restrictive rules imposed by the council were designed to limit output and increase the cost of build- ing. The glass workers' union re- fused to have a single apprentice in San Francisco. It insisted upon wha as known as the “county line rule. For instance, a San Francisco shop was awarded a contract in Berkeley, which is in another county. This union would not permit workmen to leave the ferry at San Francisco before ¥ o'clock in the morning, and required them to be back there by 5 o’clock in the evening. Although the workmen employed to perform the contract might live in Berkeley, directly ad- joining the working premises, the union would not permit them to begin work until such time after 8 o'clock as would be required to make the trip from the San Francisco ferry to the job in Berkeley, about an hour, and insisted that they quit early enough in the afternoon to permit reaching the ferry in San Francisco by 5 o'clock. These men got eight hours’ pay for six hours’ work. Rules Made for Loa The roofers’ union would have no apprentices, but when union men were not available permitted laborers to do roofers’ work at roofers' wages. This union also required that the man heating the asphalt should be paid, double time for work done prior to 8 o'clock a.m. In practice this rule so operated that all other men on the Job loafed until such time as the as- phalt was heated. ‘The plasterers refused to work more than five days a week, curtailing pro- duction and increasing building cost. ‘The varnishers and polishers’ union prohibited apprentices by insisting upon a wage for them so excessive that no contractor could afford to pay it. The reinforced iron workers' unfon would permit neither appren- tices nor helpers, and prevented the bending of steel rods by machinery because a machine bends several rods at a time, whereas only one at a time can be bent by hand. Numerous other rules of like nature could be cited, but these are typical and give an idea of the abuses arising under the domina- tion of the Building Trades Council. Every union fixed the amount of work performed by its slowest worker as the limit for all other members of that craft, so as to curtail output. All of this, of course, operated to increase the cost of building. and this increas- ed cost, together with higher wages, was _passed along by the contractors EXHIBIT 2727 Conn. Ave. Between Woodley Road and Cathedral Ave. $20,000 ‘The most complete homes in the city for the money. Delivery about January Ist. Open from 9 to 9 Built, ewned and for sale by Middaugh & Shannon 16th Floor, Woodward Bldg. in convenient location 1719 Conn.Ave.N.W. 14 Rooms—2 Baths Suitable for exclusive board- ing house or frat house. FOR PARTIOULARS APPLY RANDALL H. HAGNER & CO. 1207 Conn. Ave. N.W. Franklin 436 to the innocent third party, ‘which paid the bill. Wages More Than Doubled. From 1914 to 1920 wages in the building trades ircreased on an aver- age of 100 per cent, and in some in- stances more, the wages of common laborers rising from $2.50 a day in 1014 to $6.50 a day in 1920. In 1915 plasterers received $7 a d hod- carriers §5, and it was customary for plasterer to cover 250 yards of 'brown coat” per day. This year, when a plasterer received $11 a day and & hodcarrier $9, it was customary for the sterer to cover only 180 yards of “brown coat” a day. Assum- ing that one hodcarrier served three plasterers, in 1915 three plasterers and one hodcarrier, receiving in the agzre- the new chief should be a man of|€Xclusively and associations of em-|gate $26 a day, covered 750 yards of “brown coat.” In 1921 the same crew, recelving In the aggregate $42 a d covered only 540 yards of “brown coat” As a result of a wage Increase of 61% per cent and a reduction in | output amounting to 63 per cent, the !increased cost a yard of “brown coat” was 124% per cent. More than one- half of the increased cost of doing & given amount of work was the result of curtailment of output. New Increases Demanded. A further intolerable condition arose from the fact that every few months durfng 1920 the Building Trades Coun- cil demanded and obtained increased wages for several crafts, ofttimes in despite of written agreements. The plasterers threatened to strike unless their wage was increased from $10 to $12 a day. The contractors of the plasterers’ association consented 1o pay the increase upon condition of a refund of $1 a day to be collected from contractors not members of the plasterers’ association. To this con- dition the plasterers agreed in writ- ing, but repudiated it within a month and struck before the expiration of their original agreement. In November of last vear the coun- cil precipitated a deadlock with the Builders' BExchange. The deadlock continuing, the chamber of commerce intervened, and, at the request -of both parties, appointed an arbitration board composed of Rev. E. J. Hanna. Archbishop of the Catholic Diocese ot San Francisco; Max C. Sloss, ex-asso- ate justice of the California su- preme “court, and George Bell, an in- dustrial expert. Both parties agreed in writing to carry out the award of the Dboard. It sat from November until March, heard voluminous testi- mony, and on March 31, 1921, made a temporary award which = reduced wages of building trades workers 7% per cent, to become effective 9 and obtain until November 12. Repudiated the Award. The contractors, believing a greater reduction justified, were disappointed but announced that they would abide by the agreement. Not so the Build- ing Trades Council. It denounced the board's award, and stated that it would order its members to strike when the reduced wages became ef- fective. Up to that time_the public had paid little attention. But when the coun- cil repudiated its agreement the pub- lic began to do a little thinking on its own account, and sentiment em- phatically disapproving the action of the council soon manifested itself on every hand. l Meanwhile the chamber of | merce had again used its good offices and sought to induce the cduncil to eep Its agreement, but to no avail. On May 9 the building trades work- ers struck, obeying the orders of the council. The chambér of commerce persisted in its efforts to persuade the council to abide by its contract. but without success. When the strike had continued for a month the con- tractors, acting upon the advice and with the co-operation of the indus- trial committee of the chamber of commerce, announced the establish- ment of the American plan and began bringing in non-union workers to carry on operations. Industrial Association Created. ‘The American plan went into effect on June 21. About two weeks later the Industrial Association of San Francisco was created, became spon- sor for the American plan and took over the task, previously bandled by the chamber of commerce, of obtain- ing workmen to man the idle jobs. By prompt and efficient action, and with public sentiment supporting it, it was able in six weeks to bring in ap- proximately 6,000 workers, few of whom were professional strike- breakers, and more than 40 per cent of whom brought wives and families I!I melir own expense. n six weeks’' time building opera- tions, which had been at a stgnnflpsulL were restored to about half of normal proportions, and additional men were being employed every day Such re- sults could not have been achieved without a rapidly growing public sentiment supporting the Industrial Association. The unions, realizing the state of the public mind, bowed to the inevtiable and voted to return to work—as individuals—on the best terms obtainable. As this is written, more than 50 per cent of the union workmen have returned and more are returning as rapidly as employment offers. Thus the American plan is ‘The American plan does no any discrimination against unlo‘n :'lfl;el’lr It simply guarantees to every man, union or non-unfon, the right to ac- cept or reject employment wherever and whenever he chooses, and to every employer the right to hire and :lmh.l"lgoh"hnea'tli he desires, and to leman ones loyal ”'{‘;lce‘ f;om i val and efficient e Industrial Assoclation, m! |of its pledge to the public, fs ::g:-:z senting the whole community. Al.- ready it has assembled a staff of in- dustrial experts to investigate every matter affecting local Industry, and is |pgrrecflng Arrangements .to provide for the establishment of a permanent 'wage board of such character as to ,insure to all concerned a square deal, T. NEW YORK BOND LIST. YORK, December 3.— 8. 2, registered 8. 2, con) American Tel. Armour & Co. 414 Atchison 1 Atlantie 23, £ s oast Line 1at 238 b & OFEFET FREFER e ggfl:ézuafi:iua!:a 32 FINANCIAL. HOPEFUL VIEW IS EXPRESSED OF THE BUSINESS PROSPECTS wesuiie| Affairs Generally Being Shaped to Take Advantage of prospective Improvcment. Believed Due in 1922. Of business sentiment, as defined by the closing weeks of the year, it may be sald, judged from the consensus ex- pressed by leading banking institutions of the country, that there is a prevail- ing atmosphere of hopeful expectation. Actual volume of current business, apart from that which is distinctly sea. sonal, I8 not large, nor Is there any in- dication that a robust trade revival s in the course of development. As a macter of fact the country’s commercial turnover is less than at the correspond- ing time In any of the past six years, |and industry. | of the countries to co-operate in a taining the great ends sought,” a local banker yestérday, “putting to the proof both their good faith and good will, has built up a hope- fulness regarding the future that is a refreshing contrast to the deprex- slon so prevalent up to a short tim« ago. Deecision Will Lift Burden. “When it is reached, the agree- ment on the limitation of arma ments,” continued this financier, “will at once 1ift from the back of busines< a considerable part of the burden of taxation that now crushes initiative This_statement holds yet a spirit of optimism marks the pre- | true as well with the United States. dictions which are being made for 1922, |and other strong countries, and affairs generally are being shaped | the weaker ones. as with For Great Britain to take advantago of improvement that |it is freely admitted that a substan- s expected. Bank Sees Confidence. Touching upon these conditions, the Mechanics and Metals' Natlonal Bank of New York city says In its monthly report: “Underlying the prevailing con- fidence of financial America at large is a_consciousness that some of the most| ye difficult steps in the progress of dom tic readjustment have been accomplish- ed. The fact that commodity pric Ve for the most part checked thei long and painful downward course have even in_ special instances im- proved from their lowest recent level I d | | tial reduction in military and naval expenditures is the only method by which that nation can obtain budget surplus in 1922 “Hconomy in the matter of waste- ful government expenditures will mark a definite advance toward that condition of stability out of which of reconstruction is t, beyond the simple of tries the revival whose business w re counting upo as an element in the restoration of is accepted as a sign that the period of ; o “o SO crest deflation has run its course A re-employment of a part of the —_— army of men made idle through lack | NEW YOR KBANK STATEMENT. of work, an adjustment downward of wages to a level more in line with the seale of prices and a relief from the menace of perennial strikes are factors which have helped to bring about a hopeful attitude; in addition | there have been the evidences of progress toward cheaper transports tion and lessened distribution cost: toward more equable distribution of ‘axation and toward a scale of ex- penditures, both private and govern mental, far removed from the extrav- agance that was lately rampant. Securities Markets a Guide. “The securities markets have meas- ted the significand E of developments and other high-grade invi sues have scored substantial vances. There are those who sce the broad and active demand that has developed for an unfavorable &ign, as meaning a withdrawal of funds from the haz- ards of commercial business and their employment_in sccurities of assured strength. But the majority of ob- servers have chosen to sce in the pre: ent activity and rising prices a con- sequence not alone of lower money Tates, but of a returning courage on the part of investors, who lately were not certain regarding the future of securities and who now believe that readjustment has progressed suffi- ciently to warrant conservative buy- ing.’ The report points out that not long ago bonds of excellent description were quoted on a basis to yield 7 per :ent_and better. “These same bonds at current quotations return less than 3 per cent, while United States Treas- ary short-term certificates have re- sently been m cd_on a basis of 1% and 475 per cent. Especially note- orthy of the change in the situation is the improvement in liberty bonds. The largest issue of these—the per cent bonds of 19318—which was juoted at 8513 early in the present *ear, was within 215 points of par at he close of Novembe: Social and Political Feature. It must be said that, apart from the mmediate considerations of busines ind finance, general sentiment is be ug influenced at the moment by con- siderations which are not directly re ted to the flow of trade, but wh aave. first of all, a social and politica significance. Especially does this ap- )1y to the international conference on the limitation of armament, now in session here. A _successful consummation of this conference, according to the senti- ent of well informed banking cir- es, is expected to have a far-reach- ing effect, for it will mean, it is point- d out, a long step toward not only ‘he moral but also the financial re- -eneration of the countrics which \ave most suffered as a consequence »f the war. Especially gratifying to men of finance is the minimum of delay that has_featured the sessions. “The readiness of the delegates from each NEW YORK, December 3.—The actual condition of clearing house banks and trust companies for the week shows that they hold $17,987,800 reserve in excess of legal requir ments. This is an increase of $3,451,- 330 from last week. The statement follows: Actual condition: Loans, discounts, etc., $4,434,231,- 000: increase, $17,521,000. Cash in ow aults, members fed- eral reserve bank, $71,411,000; de- crease, $3,220,000. Rescrve in federal reserve bank of member banks, $506,206,000; increasc. $3.914,000. teserve in own vaults, s rust companies, $§8,56: ase, $35.000. eserve in depositaries, state banks and trust companiecs, $9,229,000; in- crease, $38,000. Net demand deposite, $2,§24,928.- 000: increase, $7,059,000: U. 8. de- posits deducted, $40,355.000. Time _deposits, $232,570,000; crease, $1,351,000. Circulation, $33,231,000; $52.000. ggregate reserve, $524,313.000. Exce: reserve, $17,987,800; e, $3,451,390. Summary of state banks and trust companies in Greater New York, not included in clearing house state- ment: etc., $639,478,800; Loans, .0 Gold, $4,93. ncrease, $21,100. Currency and bank notes, §17,060,~ 000; increase, $8,200. Deposits with federal reserve bank, New York, $54,820,100; increase, $175,300. Total deposits, $673,383,900; crease, $2,563,200. Eliminating amounts due from re- serve depositaries and other banks and trust companies in New York and United States: Deposits, $631,456,~ 000; increase, $3,026,300. Banks—Cash in vaults. $27,196.900. Trust companies—Cash in vault, $49,615,400. TAX BOARD NAMED. Secretary Mellon has announced the members of the tax simplification board created by the new revenue act. They are: James H. Beal, Pitts- oseph E. Sterrett, New York, and liam T. Abbott, Chicago, ap- pointed by President Harding to rep- resent the public, and Charles P. Smith, assistant commissioner of in- ternal revenue, and Jesse D. Burke and George W. Skilton, both of the bureau, appointed by Mr. Mellon to represent the bureau. Investigation of the procedure and forms used by the internal revenue bureau in the administration of the tax laws and recommendations in re- spect to their simplification will be the duty of the board. ate bank: .000; in- de- increase, in- discount: 00. in- RANGE OF MARKET AVERAGES. The following chart shows graphically the action of forty repre- sentative stocks dealt in on the New York Stock Exchange. The period covered is the past month, up to and including the close of the market Friday, December 2. activity of the market. —————————————— NOVEMBER 123457 9101214151617 18 19 21 22 ———3CALE FOH INDUSTRIALS = \L [T [T [] v S The lower section of the chart indicates the relative DEC 3 04 FIVIE s SNVH N \— MILLION SHARES™ (Copyright, 1921, by W. F. Meyer.) High 1820 .109.88, January 3 . 85.37, November 38 Low 1920 . 6675, . 67.83, Industrials Rails ... December 21 [ndustrials Rail: February 11 High 1921 to Date Industrials 80.03, May § Ralils .... 77.66, January 16 Low 1821 to Date Industrials 63.90, August 24 Rails ...... 65.52, June 20 Twenty Industrinl Common Stocks Used Are: Am Sugar Am Tel & Tel Apaconda Baldwin Loco Central Leather Corn Products Gen Electrie Goodrich Rep Iron & Steel U S Steel Studebaker Utah Copper Westinghouse ‘Western Union Twenty Rallrond Common Stocks Used Are: O M & St Paul Del & Hudson Erle Tilinois Central Atehison Baltimore & Ohio Canadian Pacific Ches & Ohio K O Bouthern Lehigh Valley s N'Y Central Northera Pacific Reading New Haven Southern Pacific | Norfolk & Western Southern Rwy Pennsylvania Union Pacific Daily Movement of Averages: Indpstrials. Rails. November 1, Tuesday 7843 72.38 1, November 2, N vember 17, Thursday November 18, Friday November 19, 8t November 21, M ik, November 22, Tu November 23, Wedneaday ember 25, Friday November 26, Saturday November 28, Monday December 2, hfi"-‘;" « LIBERTY BONDS. AT A GLANCE. Maturity Date. 6-15-47 6-15-47 11-15-42 6-15-47 11-15-42 9-15-28 10-15-38 5-20-23 1021. Close High. Low. Yesterday. Yield 8600 9628 3. 418 1 / {