Evening Star Newspaper, December 9, 1921, Page 28

| C. A. 2N " BOUDOIR ~ TABLE LAMPS LAMPS FLOOR LAMPS WITH BEAUTIFUL SILK SHADES MUDDIMAN & CO. COME IN AND LOOK ABOUND Priced to Please Every Purse—$550 Up GIFTS OUT OF THE ORDINARY % 1204 G St. 616 12th St. #5TYPRETY M Guaranteed Quality at The National Furniture Co. Buy Your Gifts Saturday At “The National” FREE Rogers’ Gureir- 42.piece Set REE A 26-piece Set of Wm. A. anteed of Beautifally | Big Bargains Now! Don't Miss Them! With Every Parchase of $100 or More Silverware or a A Big Wagon This “Pathe” Table Model in Golden’ Polish Oak $20.50 Bt i - $4.95 Store Hours: 8 A.M. to 6 P.M. ol come with joy. VENINGE STAR. WASHINGION, B, DETROIT BUSINESS OUTLOOK REMAINS ALMOST UNCHANGED Bargain Sales of Motors Continue Unabat- ing—Holiday Trade Leads in All Lines—Elsewhere. BY PHIL S. HANNA. Special Dispatch to The Btar. DETROIT, December 9.—Automobile manufacturers here ..are cleaning house in order to make a presentable financlal statement at the close of the Bargain sales of motor cars gre facturer of a well known make. is holding a sale at cost, with war tax paid. The big Ford plant at High- land Park will close for a week or ten days the last of the month for Remarkable TOYVILLE! Just in Time for Christmas Come These Reduced Prices on All Models of Phones The famous machine with the Sapphire | Ball Point. New prices effective Dec. 8. " Here’s good news that prospective phonograph buyere will wel- Word has come from the Pathe Co. to go ahead and SLICE THE PRICES on all Pathephones, and to do it at once. Even though the new prices are CONSIDERABLY below former prices, you may take advantage of our Easy CredltrTerma. all finishes, No needles to change. in Bargain Prices! CREDIT FOR ALL! inventory. This custom is taken now as & matter of course, although until a year ago demand kept so far ahead of Ford production that only the smailest possible time was allowed for inventory. December of last year' and of this year, however, have shown a seasonal slowing down of demand, which permits of ample time for checking inventory. ‘The general business outlook re- mained almost unchanged this week, ag inventory trading is going on. in many lines and Christmas trade is getting first attention, The Kalania- zoo Paper Box Company started oper- Opporivundty ssed Doll Real hale and sleeping eyes; bisque hea d; .11 inches high, ¢, FRIDAY, hour. basis to-care -for. rush- due 5" Chi g demand. . Offic! of the com| pany say merchants under- ‘estimated the Christmas trade s&nd allowed box stocks’ to. get’ 100 low. Production by the company. now is exceeding the high records made dyr- ing the war. g Trade Compares Favorably With Other Holiday Seasons BY BRALPH SMITH. Special Dispatch to The Star. ATLANTA, Gs., December 9.—Christt mas shopping has given retall trade the impetus it needed to overcome unseasonable weather. Merchants in this _ section doing" a business which compares favorably with other years and complaints are few and far between. Country_gnerchants, finding stocks - dobi:od. their are getting back {nto the market, and, as a result, wholesalers and jobbers are getting their share of the business. Geo: still is -bullish on: cotton ‘the situation remains unchanged, farmers - being- firm- in thetr’ qetermination not to turn loose holdings. & > Community mnunn‘;ln belgs held | throughout. the state to decide on crops for the coming year and further curtaflment of cotton acreage is cer- tain. It is equally certain that more foodutufts will be planted. A number of communities are contemplating en- try into the dairying and stock rals- ing fleld on an extensive scale. Some counties have organized co-operative marketing assoclations to take care of the e of such producty next year. Pecan. ralsing . has proved' profitable this year. Many growers report the | demand far exceeded the ampunt they could supply. Al Business More Active , Than It Has Been for Weeks ‘BY J. N. FINING. ~ Bpecial Dispatch to The Star. ST. LOUIS, December 9.—All lines of business are more active than th have been for many weeks. mas_shopping_has gotten well under it us show you this Bunga- E }3" at "$7080, :'550 cash—376 n Ie n‘n“ §: rooms, n'&-m?' oor: bul K-l: book-cases, breakfast alcove, fixtures, lot 171 feet minutes_to_treasury. NEW. ready for 44 & Co. - 1398 stions_this week on & twesty. Lout- bva:‘ 7 o.?:l.u' 1als The. e ‘9, 1921. ™ n sales are te early buy- . nuu{ jemand is almost entirely for servicesble and medium- articles, and buyers are mak- ing théir money go as far as possible. This trend is noticeable in both the arbgn and rural districts of this sec- jon. .The wholesale dry goods trade has improvéd somewhat this week, with orders for spring goods larger than they were a year ago. Jobbers are delighted with the way merchants are clearing up thefr bacl P 'k accounts. In- ventories now in progress show stocks of wholesale dry goods to be excep- tionally small.” Spring orders are mostly for wash goods, ginghams, hoslery and underwear. Members of the building trades who are now recelving $1.25 an hour are considering a proposal for a cut of 20 per cent and an agreement with con- tractors for one year. A large num- ber of contracts have been let for bullding ‘of roads by states in the southwest and southeast, and these projects are gradually reducing un- employment. Commodity Reports From Various Sections * Weel KANSAS CITY, 'Mo., December $ (8pecial).—Missourl farm women are getting together and are doing their own manufacturing this winter. They are making articles for their own use from their own wool and other products because of low market price. prices. ‘The grestest sctivity is in ‘building supply lines. LIS, Dece: r - cial).—Farmers of this state market- ed 43.9 per cent of their products this season through co-operative agencies. This record _Minnesota at the head of }h' 1ist ’ll': thlll me‘:ho‘d nfsg-l:— ing of agricultural products. 3 m@- say this method resulted in increased returns to farmers. Rubber. AKRON, Ohio, December 9 (Special). —The .tire business of most of the rubber companies in this district is running 33 1-3 per cent above that of last year, according to the industrial bureau of the Akron Chamber of Commerce. The B. F. Goodrich com- pany employed 500 more men this week and increased production to 20,000 tires daily. Glass. PITTSBURGH, December 9 (Spe- cial).—Glass dealers declare there is an improvement in bysiness. Reduc- tion in prices of materials entering into the construction of buildings, they declare, “is stimulating opera- tions. Next year will- bring real pros- perity, they believe. - Tobacee. PHILADELPHIA, December 9 (Spe- cial).—Cigar manufacturers here are pushing their various brands vigo ously and the amount of business is holding better than the ayerage. Ceal. NEW YORK, December 9 (Special). PHILADELPHIA, December 9 (8pe-__Conditions in the bituminous coal cial).—The wool market here is firm and woolen goods are in steady de- mand. SEATTLE, December 9 (Special).— ‘The boom in wool on the northwest territory has quieted down, with prices ranging slightly below the twenty-two- cent-a-pound level for the finer clips. Bags. CLEVELAND, December 9 (Special). Y | —The Cleveland-Akron Bag Company reported today thatVity sales have shown a steady increase each month [P since May, and that they are exceeding those of last yeir. The plants®of the company, as a whole, are operating at 80 per cent of capacity, and the Cleve- land plant is running at 100 per cent. The company has mills at St. Joseph, Mo.; Goshen, Ind.; Buffalo and Boston M1, Ohio. Fruit. ~ SEATTLE, December 9 (Special).— Shipment of apples from the chief ‘Washington producing centers up to December 4 totaled 18,500 cars of 756 Boxes each. Sixty per cent of these were shipped to eastern and southern states. There are 5,700 cars now in storage. Hardware. NEW ORLEANS, December 9 (Spe- cial).—Hardware sales are increasing. stimulated by recent stabilization of 1418 Eye St N.W.~ heating engineers' are QUR are as ready to advise you to install PRICE JUST REDUCED A BEAUTIFUL BUNGALOW CHEYY CHASE, D. C. JUST OFF CONNECTICUT AVE. Niie r‘m;- !m.htln; hot-water heat; electric light; hardwood floors; spacious lawns; double garage. "MUST BE SOLD AT ONCE N. L. SANSBURY CO., INC., - How to Know Phonés Main 590345 Telcphone N. 8083 ' THEO. F. SCHULZ 2378 Rhode Island. Ave. N.E | Your Heating System Is Right SavingsClub “Who Can Save 50c to $5 2 Week Got an_expert to install Onepipe Heater. 1 Bave in- oo o i [En T " u‘r-&hmmm ter in Prince Geerges County, Md. business here continues dull, with prices low and still declining. Some £mall shipments have been made to foreign countries, but the demand for export is slack. Steel KANSAS CITY, December 9 (Spe- cial).—The Kansas City, Mexico and Orient raflroad, now in the hands of a receiver, is expected to be in the market shortly for equipment and re- pair material, as the road has just se- cured a loan of $2,500,000 for that pur- ose. MARTINS FERRY. Ohio, December 9 (Special).—The Laughlin_ plant of the American Sheet and Tin Plate Company increased operations today to nineteen of its twenty-three mills. Vegetable Olls. CHICAGO, December 9 (Special).— ‘The cottonseed oil market here is in a state of stagnation, with buyers manifesting no interest at the prices quoted. Linseed oil is in demand, with raw product-at 67 cents a gallon. Fu- ture offerings are light. Electrical Equipment. PHILADELPHIA, December 9 (Spe- cial).—Many householders here have been adding electric installations re- cently to supplant gas for.both.hest- ing and lighting, and there has beéen consequent uetivity among electrical dealers and workers. oilL BATON ROUGE, La., December 9 (Special).—The Standard Oil Company is erecting twenty new tanks with a capacity of 1,000,000 gallons on its properties near here to take care of the increased oil output from the second pipe line now under construction to the North Louisiana fields. N TOPEKA, Kan., December 9 (Spe- cial).—A survey by state authorities shows that the number of horses in Kansas has decreased 10,000 head a year for the last seven years. There are now but 30,000 head of horses in the state. The use of tractors for farm work is credited with having a strong_influence on the failure to breed hors: December 9 es. SPRINGFIELD, Mo., (Special).—There are now 344,386 mo- tor cars registered in this state. This is an increase of approximately 50,000 over the number registered a year ago. DETROIT, December 9 (Special).— Building permits issued this week provide for construction costing $802,- 000 and exceed those of a similar period of 1920.- The November build- ing record of Grand Rapids totaled $235.000, a record exceeded only twice in the city’s history. 22221272 Wouldn’t This —make an ideal GIFT 7. BRIEF CASES $6 to $19 —and, if you decide to ° make a gift of one, hear this in mind: WE WILI LETTER s GOLD INITIALS FREE!!" FREE!! “Washington—The Most Livadle ity in America” '{1 Pur MONEY : INREAL : ESTATE” We -can . well Mphtne as’ things stand at present, for the /mn_rk'et is right for _the .best -sort of investment. 5 But we go further; and say “Employ Maxi- are sure of the ‘mest SHARP ADVANCE IN * L0GAL UTLITES Stocks and- Bonds Both Higher—Capital Traction Shares 92 7-8 to 93. BY 1. A. FLEMING. Local securities were decidedly active and must stronger on today's session of the local stock exchange. The improvement in utility stocks reflects ‘in strong degree the better- ment in the bonds of these corpora- tions, and both tell the story of the anxiety of the investors of today to get their money working, while yet the rates are tempting and the full effect of the easy money market has not made {tself felt on the bond list. Bond output for November totaled $397,945,000 and the absorption of late issues has been almost co-equal with the marketing, with the demand un- satisfied. Local bonds have heretofore shown little sympathy with the action of the New York market for like securi- ties, but the vastly improved position of local utilities has brought about a distinct change for the better in this respect. New highs were made on all utility bonds except the Potomac General and Refunding 7s, which held at their late high—104%—and were active to the extent of but $7,000. - Potomac first 5s, back at 9114 and the Consolidated 55 to 90 are both new highs on this movement and several points above recent transactions. Capital Traction 55 were also very strong, selling to 93%, and Washing- ton Gas 7s are firm at 104. cal investment bankers are de- cidedly bullish in their conversation regarding the future of these securi- tles, contending that their returnson investments warrant higher figures. Capital Traction stock moved up sharply to 92 d 93. i T By % and 93. Washington Bid and asked prices on rallway shares indicated considerable strength, especlally ‘in the preferred stock. Lanston was active, over 300 shares being marketed. From an opening at 72%, the frice declined gradualiy under the heavy selling to 71, al- though at the ciose 713 was bid. Columbia Graphophone _preferred came to life on the local board for the first time in many moons. a total Of 400 shares preferred changing ownership at one price, $15 a share. Tepresenting a loss of just $80 a share from the flotation price of the 7 per cent preferred shares. An Open Question. The Wall Street Journal, in a dis- patch from Washington this morning, makes the announcement that there will be no further issues of Treasury certificates during the current year. Announcement of proposed financing has been expected from day to day. The Treasury will be fattened with fourth-installment payments on in- come taxes for 1920 on the 15th in- stant, but it will have to redeem many certificates. Local bankers still look for Decem- ber 15 financing. At & regular meeting of the direc- tors of Southern Railway Company no_action looking to resumptions of preferred dividends was taken, in- deed, the matter was not even con- sidered. Federal Remerve Bank Ratiox. The ratio of reserve of the federal reserve bank system is now 77.3 per cent. New York Reserve Bank, §1.6 and Boston, 81.8, are the strongest o1 the twelve regional institutions. The cotton and agricultural banks have the low reserves, relatively, Atlanta being low with 41.5; Dallas, 42.3; Richmond, 44.5; Kansas City, 50, and Minneapolis, 51 per cent. Southeastern Express Dividend. The board of directors of the Southeastern Express Company at a meeting held in Atlanta declared a dividend of 4.67 per cent on the outstanding capital stock out of the |net” tncome of the company for. ihe eight-month period from May 1, 1921, to December 31, 1921. -This is at the rate of 7 per cent per annum. .. Divi- dend is payable on Monday, January 2. 1922, to stockholders of record at close of business on December 19, 1921. Announcement was made that the annual meeting of the stockhold- ers of the company will be held in Birmingham, Ala.,"on January 18. {Washington Stock Exchange l ;mw.%po:‘&- 7'55‘-‘—‘35'00 at 104, $1,000 at y Tractis %Y, $500 at at W Bs—§1 0. Polomac Eiectric 5. m. and ref. Te—$1.000 at 1043, Capital Traction—10 at 92%. 10 at 93. Washington Gas Light—2 at 48! Columbia Graph: 2t 10, 100 at 15, 1 ne pfd.—10 at 15, 100 at 15, 100 at 13, 90 at 15. at 71%. ® at 72, 20 at T, 192t 71 Am. Tel. Am. Tel. Anacostia and_Potomac Potomac etropolitan R. R. Js. | Bosonne. Electric Light. ba. | Potomac Eiectric cons. 3s. Potomac Electric ‘ashi Gas .. e Wash. Rwy. . ‘Wash. Rwy. ulldl