Evening Star Newspaper, December 7, 1921, Page 26

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ForRent-Unfurnished Desirably Located 1810 Conn.Ave.N.W. Suitable for private residence, exclusive boarding house or a residence for club fraternity. . 20 Rooms—>5 Baths Garage FOII. PARTICULARS APPLY RANDALL H. HAGNER & CO. Ave. N.W. Franki(n 4366 BY FRANK | Special Dispateh to The PHILADELPHIA, There has been a | houses in such cen as Philadelphia, Wilmington and of {citics, and | calendar year are | territory is in a m A brisk holiday joyed by the retail | and wholesalers a a lull. which prol | broken until afte year. A feature of I sharp decline in t i heavy clothing. | There has been a in convenient location 1719 Conn.Ave.N.W. 14 Rooms—2 Baths Suitable for exclusive board-* ing house or frat house. FOR PARTICULARS APPLY ' RANDALL H. HAGNER & CO. 1207 Conn. Ave. N.W. Franklin 4368 undertaken in the due to decline in ions and repairs ! new construction, money Santa Claus interest on ordinary savings accounts compounded -quar- terly. 3% L EVERY DAY IS Munsey | of debts going on among business the statistics | beyond doubt, that business in. this| i tion than at the beginning of the year. | the number of building operations i this year, and the estimated cost of each has declined about $900. This is and to wage concessions made by la- bor. The amount expended in altera- YOU HAVE AN UNUSUAL OPPORTUNITY TO — AVE NOW Don'’t let the Christmas holidays pass without putting aside some part of the What’s the Matter With Smith Today? IM-O-GEN Yeast Vitamine Tablets,’ THE EVENING..STAR, 'WA§§11NGT01\. D c _WEDNESDAY, DECEMBER HEAVY LIQUIDATION OF DEBTS | . IN MANY BUSINESS CENTERS 1921 Figures Are Expected to Show That Trade Is in Much Better Shape- Than at Outset of Year. also are coming in trom 'the ofl fields in_satistactory quantities. Jobbers are urging retailers to buy white goods for January sales now, Connellsville, at.$1.05 a ton, the | est price sinte 1918, and there has been a good response: P c Automobiles. to efforts of whol. to speed u LI et AT ore TOLEDO, Ohio, December business in textiles. An optimisti note Is sounded throughout the dr: Surpassing Expectations this market from up BY L V, SHANNON. weeks. -By-product coal is selling, I %*|Grain, Produce and Live Stock (8pe- clal).—Plans of the Willys-Overland —Brick barges are being rushed to the river kilns { before navigation closes on the Hud- Prices showed little change this [£) 1921. GRAIN AND PROVISIONS. * BALTIMORE, December 7 (Special). —Potatoes, new, 150 pounds, 2.75a3.25; No.'2, 150a1.75: 100 pounds, 1.50a2.00 80ods trade, and the noiiday business.| Company for 1922 provide tor produc- | No. 2, weets and yams, bar Which 18 inereasing. 58 dividing at- | tion of twice as many Overland and [rel, £50a4.25; No. 2, 2.00a2.50; bushel tention with peepatations for aciivily | Willys-Knight cars as were bullt in |8tock. 50a1.50; beans, hamper, 2.00a tention i b . |4:00; beets. bunch, 4a5; brocoli, bushel, : 40a45; brussels, qt, 10a15; cabbage, ton, < J . ; carrots, bunch, 3a5; cauli- New Orleans Holiday Trade Briek. flower, barrel, 3.60a5.00; celery, dozen, W YORK, December 7 (Special). |50a80: crate. ~2.25a5.00; - cusumbers, crate, £.00n5.00; eggplants, crate, 2.00a 3.50; horseradish, bushel, 4.00a5.00; kale, barrel, 1.25a1.50; lettuce, basket, . Special Dispatch to The Star. son. 1.25a2.60; onlons, 100 pounds, 2.005.75; i £ ' week. oyster plants, ? 3 Do Ne | that new building in 1922 will exceed | NEW ORLIANS, December 7.—The e Dushel, 58307 peas, hamper, 10045 00, star. | AR Yooy AN % S‘;fi!flfl;ehn]"d?y trade. which was Hides. beppers. crate, 6.0088.00; ‘pumpkins, . December T.—|p- s : % veloping in this. territory. N ber 7 (Special).|each, 8al6; savoy cabbage, bushel, Little Change in Business |zcw is in full vwing and is surpassing | =W YORY Beceruer & QREC2; | 50a80: “upinach, . varrel, 2.00a2.80; healthy liquidation ters of this section | BY A. D. WELTON. Scranton, Camden, | thers of the larger | Special Dispatch to The Star. tor this; CHICAGO, December T. expected to show, ehange. uch sounder eondi- trade is being.en- stores. but jobbers re in the midst of | bably will not be r the first of the retail trade is tne he prices of men's decided increase in | eleven months of operation at that plant. | working Joilet. in prices of materials Present _production capacity. and o exceeds thal for | cars now pending but it is predicted crease the demand. gives you— We Pay on Daily Balances interest' on special savings accounts— compounded semi-an- nually. N o INTEREST DAY THE MUNSEY TRUST COMPANY Building Pa. Ave., Between 13th and 14th Sts. N:W. Strength Giving and Body Building, T’S a wonderful feeling to be able to tackle your work every day with snap vigor. Endurance is the true test of a man. You go for- 'ward or backward ing to your health. Il health causes mors fail- ures than any other one thing. Get the spirit of youth! 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Vim-O-Gen contains not only the well known, Yeast vitamine called Water Soluble B, but also the two other precious vitamines, known_as- Fat: Soluble A and Water Soluble C. Thus Vim-O-Gen provides the three vitamines which scientists tell us are absolutely necessary to perfect health and growth. “And to increase the number of red corpuscles in the blood, also very necessary to Drive away the ““Bad’’ Days If you are run-down, tire easily, lack endurance; if you are weak, thin, anaemic, if you want to put firm, stay-there flesh on your bones, try taking two Vim-O-Gen Yeast Vitamine Tablets three times a day with your meals. No doubt many of those around strong, vigorous and successful owe their appearance to this very thing. Banish VIM-O-GEN Yeast Vitamines Pleasant and Easy-to-Take who are !g:d" days. \'igorq.l;:s physical development, Vim-O-Gen also contains iron and “other health-building in- gredients. Money Back Guarantee You are not asked to risk a single cent to ind out if Vim-O-Gen Yeast Vitamine Tablets will give you the buoyant, lively spirit of youth, a firm elastic step, bright eyes, rosy cheeks, the strength and endurance and the hearty appetite of the rejuvenated mind and body. All you have to do is to take Vim-O-Gen Yeast Vitamine Tablets according to the simple directions, for ~ ten days. If at the end of that time, you don’t ized to refund the purchase price at once, with- out question or red tape, on your simple request. Be'sure _{ou get the genuine Vim-O-Gen'Yeast Vitamine Tablets. Ask your druggist to apen 2 bottle.. Notice the nt odor which identi- fies the genuine Vim-O-Gen, Improved yeast tablet, rich in the three vitamines that stience tells us are so necessary to health, strength and energy. Reported in Chicago Area —The local business situation here Shows little The sjrike in the packing plants here has had little effect, ns! not enough workers walked out to affect production and applicants for the vacant jobs were many and eager. The food market showed few changes this week: = Canners are urging an inventory ‘of stocks on hand. Supplies seem ample, but prices are firm and |advances are predicted for Januar: While the pick-up in some lines of business hasébeen rapid and fleeting, the gain in iron and steel has been slow, but each gain has been main- |tained. The United States Steel Cor- poration blew in another furnace at Gary this week, making six now in Four are in South Chicago and one at | section is about 45 per cent of ingot orders for new railroad are expected to in- Orders for pipe fel like a new person, your druggist is author- - all. expectations. The small nelgh- borhood stores were the first to feel the change in the attitude of the buying public. Perhaps the most sur- prising feature of the trade is the de- mand for jewebry, high-priced me- chanical toys and other expensive &00ds suitable for gifts. _ Bank clearings are expanding and increased §12,000,000 the past week over the previous seven-day period. Jobbers and wholesalers report little activity. Retailers at interior points 1 still_hold off from the placing of | future orders because of W prices which agricultural products are bringing and collections in the country districts general The New Orlears port authorities have planned the expenditure of $3, ers is still somewhat curtailed, ho ever. Alumnfum Goods. " Cor | this pace for some time. Steel. PITTSBURG, December 7 i Steel mill operations in this {main around 60 per cent of proved a project to cost $2,500,000 ad- { men give as reasons for their opti ditional for an inner harbor. ingugurated and it is expected to give | plate and sheets. constantly i Songtantly Incressing employment| " youNGETOWN, Ohio, (Special Commodity Reports I mills in From Various Sections Fruit. SAN FRANCISCO, December 7 (Spe- cial).—Rising prices and increased de- man feature the apple market in this; | section. Supplies apparently are am- December this | production will be increased. | NEW CASTLE, Pa, December definitely. _The Internations) Nickel Company | Manufacturing Company which e has closed the Toronto office’ of ity subsidiary, the International Nickel Company of Canada, because of the | UP With orders. oficlaleiplithe co extreme depression in the industry.;PARY assert an extondive FO The Canadlan works at Sudbury and | c3mpalgn boosted thelr sales. the refinery at Port Colbourne have been closed for some time. milk. Machinery. BATTLE CREEK. Mich.,, Decem- ber 7 (Special). -— The ~ American | Steam Pump Company’s plant is now | working on an overtime basis. The | Nichols and Shepard Threshing Ma- | chine Company, which has been | closed for six months, will resume | production Monday. | liveries. ton. Mass., g c FALL RIVER, December mills here showed. a slight falling within the last week. The Hargrav Coal. PITTSBURGH, December 7 (Spe- cial).—Business {n bituminous coal} is sluggish, with steam coal availa-| ble at $1.50 a ton for run of the mine, and gas coal at $2.40 to $2.75 a ton at the mine. closed and the Richard Borden Co mills worked five days. Peanuts FORT WORTH, Tex., (Special).—Drought cut crop to the smallest ever known The depression in the cnke market is the worst in_several o A o n Ve December here. Glass. G KANE, Pa.,, December 7 (Special). The Mount Jewett Glass Compan Let u< show you this Bung: book-cases, breakfast alcove, month. pullman fixtures, lot 171 feet deep. 26 minutes to treasury, BRAND NEW, ready for oc- cupancy. an E. Morgan N. Y. Awve Wool. & Co. Fr. 1320 tions current in Oetobe: NOTICE PROPERTY OWNERS If you are contemplating selling your home . and wish to sell quickly—consult us. We have many applicants for homes in all sections and especially desire listings of downtown properties. BOSS & PHELPS 1406 H St. N.W. Main 4340 THE HOME OF HOMES R Just Think! The Best Location in the City—Close to 14th St. Cars New Six-Room Homes 1202 to 1230 Jefferson St. N.W. ONLY s i Safial-&ory Terms Arranged—Open and Lighted Nights ge porches ni rear, modern in_every con- wvenience, lots 139 feet deep to wide alley. S DR T A S e s S S S R ST - 1321 New York Ave. N.W. Phone Main 1267 rapidly consuming -available supples and some packers are ahead of the kill. Production of high-grade leath- W- BATTLE CREEK, Mich., December (Spetial).—The Michigan Carton mpany has. inaugurated a twenty- four-hour schedule of production and s provided with orders to maintain 500.000 for the improvement of thebut an increase is expected by those facilitiés of this port and have ap-!best informed of the situation. These m- A por-!ism the incroased activities in the oil tion of this work already has been | mrgel ann e ored octnquiry for tin Fifty-one of the 113 sheet this district are rolling and the demand in evidence indicates that (Special).—The entire sixty mills of the American Sheet and Tin Plate { Company here now are under power and will continue to be operated in- m- ploys about 3,000 workers, is working both a day and a night shift to keep ng NEW YORK, December 7 (Special). —The market here for evaporated and condensed milk is easy with holders i making slight concessions on spot de- 7 (Special).—The output of the cotton oft e's mills and the Parker mills continued m- pany operated on a four-day schedule hile the Flint mills and Stafford ¥ the peanut in Texas, but the price and quality have not been affected according to mills y'S plant. which has been idle for about a year, has been placed in operation, gtving employment to about 350 glass Iow at $7050, $750 cash—S$75 workers. This is the seventh plant B . poeitraniane controlléd by the Interstate Window tiled bath cpen freplace: = |Glass Company to start within a BOSTON, December 7 (Svecial).-—;;'m‘ There is considerable speculation in | the wool market here which has been given impetus by the keen competition at the wool auction sales where prices advanced 10 to 15 per cent over quota- 5 i squash, crate, 3.50a4.0 tomatoes, crate, 4.00a7.00; turnips, basket, 35a50. Selling Prices at Noo: Wheat—No. 1 red winter spot, no quotations; No. 2 red winter spot, 1.14; No. 2 red winter garlicky, spot. 111%: December, 1.11%; January, no quotations. Corn—Cob corn, old, yellow, quoted at 2.70 per barrel. Contract corn, spot, 57%; track corn, yellow, No. 2 or bitter, old, domestic, 70 nominal. . Oats—White, No. 2, 44 per bushel; No. 3, 41%a421; per bushel. | : 1 | | Eggs—Strictly fresh, per dozen, per. 1b., . 47ads; chickens gpring, per b, "1az8; hens, per Ib. : keats, young, each, 60a70., | ‘Dressed . poultry — Fresh killed spring chickens, per 1b., 28a30: hens, per Ib., 27; roosters, per lb., 20; tur- Keys, per ib., 50a52; keats, young, each, 7. Pork—Dressed, small, per I Live stock—Calves, choice, 12a123%; lambs, choice, per Ib., live hogs, per lb., 8. Green fruits—Apples, per bbl.. 6.00a 10.50: r bu. basket. 2.50a3.25; western, per box, 3.00a4.50. nia lemons, per box, 3.00a3.50: Cali fornia oranges, per crate, 6.50a7.50. Grapefruit, 3.7544.50, Florida oranges, per 1b. 8ie; 4.50a6.60. Tangerines, 5.0025.50. Vegetables—Potatoes, No. 1, _pel bbl, 3.00a3.75; per sack 3 sweet potatoes, per bbl, 4. Lettuce, nearby, per crate, 1.00a1.50 southern, per crate, 1.00a3.00. Cel ery, per’ doz., 50al.00. Romaine let- tuce, 1.25a2.00. Cymbiings, per crate, 2.50a3.00. Spinach, per bbl, 2.00a2. Onions, per 100-ib. sack, 5.75a6. Cabbage, 2.75a3.25 per bbl. Cucum- bers, 3.0026.00. Eggplants, per crate. 3.0024.00. Califorhia tomatoes, per box, EORGETOWN GAS BONDS ADVANCED {Sales at-79 1-2 a 5-Paint Gain—List Held Strongly. Few Sales. BY L A. FLEMING. It seems as if the local stock mar- ket needs und usually takes a day off following an unusually active day's trading, as if it were next to impossible to have two active davs in succession. Yesterday the entire list with few exceptions displayed strength and the tility bonds showed both strength and activity. Today transactions were restricted, but a fair Show of strength was made and there were few evidences of any Rye—Nearby, 1.01 per bushel; No. ;2‘:;:‘{': lmlbéw'h%e';e;e:!{:fi disposition to push sales through 2, western export. spot, 94% Der|crate, 7.00a8.00. granting concessions in prices. b",-;;;l ¥o: ;’ no guotation. b Cleariy the feature of the season —Receipts, 31 tons; range from T T was the advance in the price of 16.00221.00 per. ten, with a moderate| CHICAGO LIVE STOCK MARKET. orgetown Gas from {'hu last demand for fair to good quality of | CHICAGO, December (United | previous price, 7414, to 78%, a new timothy and mixed hay. States bureau markeis) Cattle—Re- |high tor the year. At the price the _Straw—No. 1 straight rye. nominal; { ceipts, 12,000 head; beef steers slow. (annual income s over § per cent, No. 2 straight rye, nominal; No. 1!mostly steady; choice to prime year- |slightly. wheat, 13.00; No. 1 0at, 14.50a15.00. CHICAGO, December 7.— i WHEAT— Migh. Low. Close ! L13% 1.10% L11y% i 1.01 7% COTTON MARKETS. NEW YORK. December 7.—The cot- i | ple. but holders x ned to sell. Alminem Goodp: ton, market was lower during today's it ey MANITOWOO, "Wis. December ‘1 rading, owing (o the relatively NEW \'3;K':::mh;-7'z';neclnn | (Special).—The _ Aluminum Goods | €48y showing of Liverpool, disappoint- iment over the failure of the Irish agree- {ment to stimulate trade in that quarter, jand a tendency toward increascd esti- mates of the crop. The opening was steady at a decline of 1 point on De- cember, higher on a little overni couraged by reports rfi business in the domest Futs 10; a little goods markets. teady: December, March, 17.25; May, ures | DAIRY '3 BAL’lJlMORE. December 7 (Special). —Live poultry—Turkeys, pound, 45; old toms. 40: poor and crooked iand white leghorns, 18a23: old hens 23a26; small and white leghorns, 15 {20 old roosters, 15; ducks, 18a26 | geese. 24a30; pigeons, pair, 20a25 jBuinea fowl. each, 40as5. Dressed poultry—Turkeys; pound, 45248 toms, 43a44; poorly dressed, 35; chick- ens) 25a28; old roosters, 16a18; ducks, {25a28; geese, 26a32. firsts, dozen, 60: southern, 58. _ Butter—Creamery, fancy, pound, 47a 48; prints, 48a30: nearby creamery, 43a44; ladles, 20a32; rolls, 25a30 storepacked. 26; dairy prints, 28a30; process butter, 35a36. FOREGN BONDS - AREVERYFRM 1 Dispatch to The Star. W. YOR. December —With {but comparatively few exceptions, the ibond‘ market today stood at practi- {cally’ the same level which it struck the: first-two days of the week.~ The jreaction in liberty bonds again was llhe most significant feature of the list. Victory bonds remained around par. Z 2 ] French government ‘bonds con- {tinued strong, the 7lis getting up jfractionally above yesterday's final jquotations. The 'strength also in Japanese issues was noteworthy Japanese 4s, sterling loan, advanced about a point, when they got to 713 and_the sterling lo#n gaine slightly. Norway 8s went up about a half point. On the other hand. City 5 breasts, 35; young chickens, 26; poor old Eggs—Loss off; native and nearby.! | lings.” 11.00; bulk beef sicers, 6. The uction of the Mergenthaler i< 8.75; better grades fat she stock, |a disappuintment to its friends, for stead. other canners and cutters!the reason that the report made pub- dull, bulls weak; calves weak to 25c{lic_after the annual meeting was lower: .| very satisfactory and the outlook Hogs—Receipts, 17,000 head: active, | thoroughly encouraging. The advance | i but generally 3 to 9 points | heavi t buying, en- | comeback feeder lam| more | ! ibut brought no liquidation to speak .33% | steady to 10c higher than yesterday's Dy |average: shippers buying liberally most good hogs averaging 250 lbs. sold; big packers buving sparingly; from around 122 to 136 was made in relatively short time and with very light transactions. On the down grade only odd lots have been traded in and most of small local houses out of the | the price is again back in the high ket; pigs about 10c higher: top,|20's, 128% being the bid and 1287 7.25 for light lights and 160 b, |the asking price today. Lansion was average; bulk lights, 7.0027.20; bull: {aBAin easier in sympathy. others, 6. 0 s about el Potomuc general 65 were strong at higher; bulk desirable around 981. The 75 of the same compan some, 7.35, 2 were nominal, with 104 bid and 1047: Sheep—Receipts, 14.000 head; fat |asked. lambs, strong to 25 higher; sheep and | Rallway prefcrred sold at A feeder lambs steady: fat lambs top |Small iof of Commercial Nationu! early, 1 ; some held higher; bulk | F#nk stock brought 1261 2 early, 10.75a11.00; light fat ewes, 5.50; | Capital Traction shares were held s around 4.00; good range and s, 9.25 early. MARKETBROADER AND FARLY ACTIVE Steels, Equipments and Ship- pings Laggards in Action. | Canadian Pacific Leader. BY STUART P. WEST. NEW YORK December 7.—The stock market today Fhd its points of weakness and its points of strength, tie latter predominating. It was not a general movement of prices, but rather a collection of special mov. for special reasons. The Irish settlement had no effect to speak of outside of the exchange market. important as it was from a standpoint of world finance. The new high record of sterling exchange and the further advance in French francs were a direct response to the new The buoyancy of the foreign securi- ties markets was not reflected here because London and the continental centers have ceased to be much of a factor_in the day-to-day market in New York. The local stock market was only perfunctorily interested in | the Irish news and in the favorable reaction which is expected from this | upon the conference at Washington Attention was confined to develop- | ments, either actual or expected, which were calculated to provide an incentive for speculative operations. The analysis of the St. Paul and Pennsylvania earnings, showing that neither road was quite covering interest charges, brought heavy sell- ing into the stocks of these two com- panies, St. Paul common selling at the lowest price in nearly thirty years. The weakness in these shares unsettled the rest of the railway list, [at 92%, 81 bid: Railw | pany | Association {€ourt fof trade {ciase, and his talks are always so | tical that taey are thoroughl. H i mistrict y common, bid, 42 asked; preferred, 61 bid, @ asked; all indicating such a wide di ference .in views a5 to values ti transactions were impossible. _ Bus Revenues. The Washington Rapid Transtt Co collected a total of $13.27 during the month of November, which it evolved a net & ) ¥ The compeny carried 1 gers. The effect on the street railway en panies from a year's operation mi readjly be computed. Two Important Functions. The officers of the American Banlk and the administratiy. committee of the same organizat will entertain the District of Columiy bankers at a dinner to be given the Fairfax room of the New Willari fotel on Wednesday evening the 14t} !instant. evening the local ban} ssociati6n will receive the ofl: cers and the administrative comm{ tee at the Racquet Club. Invitations 1o the latter function were, mailed last evening. The bank- ers have asked the judges of the Tnited States Supreme Court. judges of the District Supreme Court, th of Appcals, the deputy con- trollers of the currency, presidents bodies, superintendent of ! public schools and the nine financial {advisers of the nine nations repr: {xented at the conference on the limi- {tation of armament to be present ut the function. i John B. Larner, president of the local association, urges thet every 'member bank be represented by at least five officers and directors at the reception. Big Night at Chapter. Last night's meeting of the Washing- ton Chapter of the American Institute of Banking was one of the most impor- tant of the £eason, to date. First, George O. Welson addiéssed the elementary rac enjoyabie. Then Frank G. Addison. another prac- Bankers' Association, dropped in for a friendly call, as did Alexander Dunbar, vice president of the Bank of Pittsburgh, and both made interesting adcresses to the students, greatly en- couraging in_their efforts. Then Franfl G. Addison, another prac- tical man, conducted a quiz on the sub- of Bergen Ss at 1041z and Republic of into the standard dividend payers. of Cuba 4l3s at 74% both lost Other representative bonds group were steady. The new Missouri, issues were very active. nsas and Texas ; bought in expectation o The adjust- | nouncement of a plan to distribute th Texas Company Active. f the early an- | {ment 5s getting up about a point | Sulphur properties ‘of the company t H made a new jand the prior lien 4s {point, reaching 65%. _high price, _ gained over u In contrast to the new high prices | bond issue, although in the end this of a week or so ago, the railway list, |i8 bound to bvlace the company in a the | very much better position, both as to | though generally -firm, lacked {usual number of fresh tops for 1921. {Many of the leaders changed little. | Advances occurred in the Rock Is- land refunding 4s, Erie general 4s, New York Central 6s, Baltinwore and {Ohio_convertible 425 and St. Louis and San Francisco incomes. FACING TIMBER SHORTAGE. PORTLAND, Ore., December 7.—Un- precedented dearth of logs and ex- pected spring shortage of cars will Lring complex problems to lumber- men of the Pacific northwest shortly. Already logs are in short supply, ag- gravated by severe storms the last two weeks in Oregon and Washington Invariably logging camps are shut down from the middle of December to the middle of February, on account of the weather and short days. The prospect, therefore, of increasing the log supply is not encouraging. Mill stocks, which havé been below nor- mal a large part of this year, were liquidated further in the spurt of buy'ng that ran through October ‘We Buy and Sell High-Class' Houses Apartments and Busi Properti : Wh:l?lea’v‘e Yonpl‘:té:l? Real Estate am & urance Main 366 1400 H "Wal’lvinpton—Tlt Most - Livable City in America” HE GREATEST MENTAL ASSET IN THE WORLD is the consciousness that you ewn the “roof over your head.” It is surprising to many to. learn how easily homes can be bought. The House you fancy tan be. obtained on suitable ' terms. Consult us about the financing. R aad 1 i i it ! ! iits shareholders. On the other hand. Transconinental Oil was sold on.word | of an impending ten-million-dollar | its finances and to its earnings. H Copper stocks were in demand for a | time as were the smelting and zinc shares, although there was nothing new in-the trade situation to account for these moves. As an offset to the | strength in.the metal group, the sugar | stocks were guite weak, following an- other cut in the price of refined sugar and the news that the bill to dissolve the Cuban commission, which has been the only support to the raw sugar market all along, has now passed both branches of the Cuban legislature and will probably take effect on January 1. | Oll Shares Stronger. The oil stocks did not have any startling move, but there was more | buying in them than on the two pre- ceding days. This buying took its cue, from the accounts of the American Petroleum _Institute meeting in Chi- cago. which emphasized the need of | guarding against a future scarcity of building up present reserves. Espe- clally significant was the statement by the president of the Vacum Oil Com- pany. that Europe, despite its bad! economic position, cannot do_without | American ofl, and that the European drain on American resources has in- stigated a world-wide search for pe- troleum' deposits. This. and other testimony of the same natura fitted in with the belief that another advance in the price of crude oil will occur | by the beginning of the new year. Sugar Stocks Decline. Sugar stocks were sold down on the announcement ‘that several of the leading refiners had cut prices again, This was not unexpected in view of the low record quotation for raw sugar. The change for the better in the sugar trade situation, which is looked for when the new Cuban crop results are heard from and the ex- pected shortage in production occurs, cannot very well be anticipated until well along into 1922. In the mean- time, the market has to face the un- settling effect of the dissolution, of the Cuban commission. The bill dis- solving this body now passed both branches of the Cuban legisla- ture, and, if signed by the president, will probably take effect at the close of the year. Chandler Motors. As the date for the Chandler Motor dividend draw$ near doubts are be- ginning to be hefird regarding the action the directors will take. It can- not be said that Chandler has had a successful year and business at the present time is considered poor, but officials of the company are looking forward to next year with optimism. Chandler's dividend. meeting is due to be held around the 10th of Decem- ber. The last half of the advance in Chandler to 52, from a low of 38% some weeks ago, has been made with. out the ‘help of inside inte: The Among the oils Texas Company was | ! the ~valley made att | belief in quarters which have been correct on Chandler heretofore is that the directors could very well declare | the regular $1.50 at the next meeting on the prospects for 1922, Rumors are beginning to be heard re- gu'dln‘ a_merger of Lee Tire and Ajax ubber. Lee is the only member of the rubber ‘tire group still paying a divi- dend after an extremely vear. Re- cently there was talk of mln the but latest reports are that been helped out and ng financing set at rest. A merger of these two companies ‘would mean more for Ajax than for Lee. ject of his lecture a week ago. IRRIGATION BIG BOOM. ‘ormer Sagebrush Patch Is Now Great Apple Orchard. PORTLAND, Ore.. December patch of sagebrush twenty-five years ago is now the apple capital of the world. Thus, in a sentence, the recent history of the Wenatchee district in north central Washington is related. Until irrgation was provided for We- natchee valley it was barren and un- productive. Then the land became fit for the plow, the soil for production and ractive for homes. ee valley produced T—A This vear W. 11,000,000 boxes of a third of all grown | States. , The value of this apple crop to the growers is estimated at $25.000.000 Thirty thousand families could be sup- ported a year on this yield. : Three hundred and fifty Great North- ern trains of fifty cars to a train will be required to carry the Wenatchee ap- ple crop this year fo markets of the east and middle west. GERMAN IMPORTS GROW. BERLIN, December 7.—German for eign trade figures for September show the unprecedented surplus—more than 3.000,000,000 marks—of imports over exports. The unfaverable balance of trade has steadily grown from 929.- 000,000 marks in May to 3,149,000,000 in September. The necessity of pi ing this great deficit is given as one of the principal reasons for Germany's inability to meet reparation payments from the profits of foreign trade. A close analysis of figures shows, how- ever, that a heavy increase in imports for September over August—about 422,000 tons, ~valued at 1,250,00 marks — was occasioned by corre- sponding increases in imports of ores, metals and metallic products. IN PORT ONLY 54 HOURS. sW _ YORK, ~ December 7.—The White Star liner Celtic sailed for the Mediterranean, via Boston and Hali- fax, after one of the biggest stun of hustling ever seen here on the water front. She docked Saturda discharged 1,850 tons of freight, stowed away /in her spacious holds coaled, took on 1,000 pas- nd their baggage Monday morning and cast off her lines at noon sharp, after being in port just fifty- one hours. SWITCHING INTO LIBERTYS. NEW YORK, December 7.—The head of one investment house declares that he had been able to see considerable switching out of victory notes into the longer-term libegty bonds in the last few sessions of {he bond market. The feature of the market of recent dnys. has been the extremely large blocks which have been turned over. $700,000 and $1,000,000 lots Weing fre- q' tly recorded. A great deal of this buying has been for the account of savings banks, corporations and trust companies, but there has been buying for private investors also. NEW MILLINERY FABRIC. NEW YORK. December 7.—There has lately been put on the market a new millinery material of the crepe order, but of a coarser weave. Its grain is almost strawlike, and in ap- pearance’ the fabric is something lik¢ & coarse pongee. It used in very much the same way ‘that faille and Canton crepe are used, and it ir thought by those who have seen it to _have as many possibilities fer millinery use as they have. ,

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