Evening Star Newspaper, December 17, 1921, Page 16

COTTON PRICES BREAK ON FEDERAL FORECAST - NEW YORK, December 17.—Buying ®n & more optimistic view of trade Pprospects was checked by the publi- eation of the government's crop estimate at the beginning of the past ‘week, and prices broke sharply under more or less general liquidation. The official forecast of 8,340,000 bales was enly about 400,000 bales in excess of average expectations, but with mar- ket conditions otherwise more or less ‘uncertain the increase in the crop estimate evidently unsettled senti- ment. The price of January contracts broke 20 16.80 before the selling movement slackened, which made a decline of about 170 points from the best price . touched toward the end of November. There was nothing to indicate any increased pressure of spot offerings on this decline. however, and after | #peculative long accounts had been reduced the market turned steadier on renewed talk of improving trade eonditions, with January contracts showing a recovery of over a cent a | pound from the lowest during yester-| day’s trading. There has been quite as much com- | ment on the government's revision of acreage figures as on the estimate of the crop itself. According to the state- ment which accompanied the publica- tion of the crop figures the acreage | was materially underestimated at the end of last June, when the area plant- ed was placed at 26.519,000 acres. Monday’s renort raised to 31.427,000 acres actually picked after 2.8 per cent of the acreage planted had been abandoned. It would seem from this statement that instead of reducing their acreage by 28.4 per cent last spring planters actually made a cut of less than 13 per cent on the aver- age, notwithstanding the low price | and all the efforts made to hold crop | preparations down. | —_— Government statistics show that ap-| Pproximately 12 per cent of all women marry before they reach the age of twenty | 10 BANK HERE AND 738 12th Immediate Half Block North of Well constructed, ern home; 9 rooms, heat; electric lights. Open for inspecti Sp.m. Stone & Exclusive CHECKING ACCOUNT TERMINAL COMMERCIAL AND SAVINGS BANK JOHN BROSNAN, Jr., Pres. SIDNEY THOMPSON, Cashier 2710 27th St. N.W. One Block West of Connecticut Ave.—Only This beautiful home can be bought at a very reasonable price. 1342 New York Ave. REAL ESTATE. RAILS THE ONLY STOCKS OUT OF WEEK’S ADVANCE NEW YORK, December 17.—Active trading in stocks and bonds, mainly at higher quotations, was resumed this week, while the recent strength in' foreign exchanges suffered a sharp setback. Reasons for the reversal in inter- national currencies were furnished by Germany’s plea of inability to meel impending reparations payment and the halt in the settlement of the Irish controversy, although the lat- ter was largely a sentimental factor. Rails were the only important stocks to lack in the week’s forward move- ments in connection with the “Bi Four,” and some of the smaller roads suggested, however, a centralization of interests by the leadnig rallway sys- tems. Oils, coppers and the preferred shares of numerous industrial com- panies provided the bulk of the week's broad operations. Steels, motors and affiliated shares reacted to less fa- vorable trade prospects. Call loans duplicated their recent maximum of 6 per cent, but the in- creased supply of time money seemed to justify predictions that no strin- gency is likely to mark the final days of the year. DROP IN BANKRUPTCIES. NEW YORK, December 17.—The Credit Guide analysls of failures and business conditions shows that com- mercial suspensions and bankruptcies for the last six days have slightly de- creased, while public and wholesale buying has materially improved over | the previous week. During the week 586 business fall- ures occurred, against 601 last week, 465 the week previous and 872 in the corresponding week of 1920. Failures among wholesalers and manufacturers seem to keep pace with previous eeks, which largely responsible for the increase in total liabilities. OPENS A NO SERVICE CHARGE GAIN A FRIEND St. N.W. Possession Wardman Park Inn. semi-detached mod- 2 baths; hot-water on from 10 a.m. to Fairfax Agents ~ Main 2424 THE EVENING STAR, WASHINGTON, RAILWAYSSUES | et Amron s o e LEAD THE MARKET Industrials Generally React After Steady Advancing Trend. BY STUART P. WEST. NEW YORK, December 17.—Indus- trial stocks, as a rule, went lower in the market this morning. Their de- cline of a point or so had no signifi- cance beyond the customary realizing sales at the close of a week of rising prices. There was no news to account for the movement. It did not imply any change in sentiment. ‘While recent favorites like the equipments, the steels, the oils and the coppers were falling away, rail- way shares which had previously been doing very little, were taken up. The report of an impending extra dividend on Delaware, awanna & Western made this stock the leader in the railway group. Atchison made a new high for the year and its special strength seemed to suggest an in- crease in dividends, certainly war- ranted by the present earnings. first of the November traffic statements—that of Kansas City Southern—disclosed an expected re- sult. There was more than seasonal falling off when comparison was made with the October figures. The explanation lay in the fact that railway tonnage toward the end of October was unduly stimulated by the fear of a strike and that conse- quently some of the traffic which Wwould ordinarily have fallen in the November movement, went to swell the October totals. However, the Kansas City Southern statement by itself, with its net operating income of $269.685, only $32,236 below the same month last year, is satisfactory. Exchange Strong. Both sterling and continental ex- change were strong, showing that yesterday’'s decline had no great meaning so far as the latest develop- ments in the German reparation sit- uation was concerned. American Sugar stocks were partic- ularly weak on the revival of last au- tumn’s rumors of a new financial plan. These rumors were denied at the time, but it was not disputed that financing might have to be done later on. . American Linseed stocks were very strong and so was Royal Dutch, but there were no new reasons in either case. Atkinson Rail Leader. Atchison is selling so far out of line with most of the other rails—that is, %0 much above the average on the comparison of interest return—that its starting up in what is apparently a fresh upward move seems very sig- nificant. It could not well be justi- fled except on the supposition of an increased dividend, unless such an in- crease is entirely reasonable, as any examination of Atchison’s earnings position will readily show. Atchison is earning between 7 and 9 per cent on its property value as against 6 per cent allowed by the transportation act. Tt must therefore, have to pay large. ly into the federal Treasury under the requirement that on everything over 6 per cent one -half must go to the government. But even with this allowance Atchison is now earning $17 a share, that is, nearly three times what it is distributing in dividends. Kansas City Southern. Kansas City Southern is the first of the railraods to publish its No- vember report. As was expected, gross earnings show a decrease of $325,797 over the same month a year ago, and operating income dropped $32,236. Compared with October, gross shows a loss of $67,177 and a net loss of $99.140. November nor- mally is a month of smaller gross and net earnings than October, but the falling off is greater than the sea- sonal average. The only effect of the decrease in the case of Kansas City Southern is to lessen the amount which, under the law, would be set aside for the government and a re- serve fund. The road is earning well over 6 per cent on property value allowed. Ajax Rubber. The Teason for the weakness in Ajax Rubber on FKecent days was fully explained by the announcement that the company had sold $3,000.000 fifteen-year 8 per cent notes, and that an additional issue of $200,000 shares of common stock is contemplated. ‘This stock will be offered to present shareholders at $12.50 a share. All of this financing follows a story that such a thing was in the wind, but which was denied just as often as it appeared. —_— TRADE REVIEW. NEW YORK, December 17.—Dun's review of trade says: “With the year end only a fort- night- distant and holiday interrup- tions imminent, it is obviously not the time to expect significant changes in business. Dispatches from widel: separated centers indicate that nn(l trade has gained in activity and dis- tribution of hea: eight goods has been quickened 8| ly lower temperatures in different sections. These are purely seasonal phases, however, and the fact s not obscured purchasing with greater discrimination and with closer regard for prices. Calculation of prospective public buying power are being made with allowance for the prevailing unemployment of many workers and the decline in prices of farm products, and deale: where continue censervative in pro- viding for forward requirements. outlook in various sio industries remains more or less uncertain, but it is not unpromising. °o'o'weekl¥ bank clesring $8,446,621,- The R. N. Harper Vice Presidents 'W. P. Lipscomb Lewis Holmes C. J. Gockeler N. L. Sansbury Cashier H. L. Offutt, Jr. wait TS every-| District National 1406 G Street “Ayes Have It” ~Unanimously There isn’t one, sin- gle, solitary argument AGAINST saving. The wildest spendthrift will admit that the saving habit is a good one— commendable prudence. Admitting that—why not begin to save now? We'd like to carry the account for you. While it’s here we pay interest at the rate of 3%. Don’t lot of money to start. A dollar will do it. Keep- ing on is the important thing. s [ N Special Dispatch.to The Star. NEW YORK, December 17.—Bus! ness is cleaning its slate. It Is wip- ing out old debts, clearing out old stocks and writing off old inventories. Better than that, the majority of busi- ness men are wiping away exorbitant values, cutting exorbitant prices, low- ering exorbitant costs and abandon- ing the idea of exorbitant profits. In their places they are preparing to write down the problem of keen com- petition, cheap production, economical sales methods and small, sure, quick profits. s With the exception of the holiday trade there has been a falling oft in business activity in many lines of in- dustry in the last week. This lull probably will continue until after the first of the year, and it is a natural and healthy indication of the state of business that it should. for the in- ventory season is at hand, and every careful business man is clearing his decks. Too many have suffered from the unwisdom of starting the year with high-priced inventories to repeat that mistake. No Time to Talk Strike. But the shelves and warehouses must be refilled again after the first of the year, and the wheels of indus- try will hum to ill them. With their new stocks, the far-sighted business men are preparing to lay in new and varied assortments of sales methods and service. = Business dispatches 'lflll;’lt the last 1 -four hours mad plainly ::i?l';:l’l that the public all over the country is seriously intent on getting & dollar's worth for every dollar it spends. Manufacturers, wholesalers |and retail merchants are beginning to ‘real ize not only that they can give a dollar's worth for a dollar in goods and service, but that they can still make a profit. This trend of thought is npt confined to capital. In spite of the 'strikes now in progress, the atti- tude of labor in general found ex- pression in the declaration of fron and steel labor men who asserted this week that “this is not the time to talk of strikes,” but to get jobs and keep 014 and Tried Methods. There is no new way to pay old debts. But the old and tried method of earning the money, saving it and ank until you've got a \week, employing between 300 and 400 y “’l' Firestone 1 1.50 3.7 P. H. % o S 8¢ Mexi Ipissing Ni &'{l:cmanel branch, operations TRADE DISPATCHES INDICATE PUBLIC EXACTING IN BUYING| Demanding Dollar’s Worth for Every Dollar Expended—Lull in Trading Is ' Charged to Year End Inventory. paying it still is effective, and the great majority of men and companies are following it. The railroads are leading in that movement. They are rapidly discharging their indebted- ness to the equipment companies. who in turn are aiding the activity of men and materials all the way back to the mines and forests. Men in some lines still take the at- titude that there can be no extended business revival unitl the adjustment of exchanges stabilizes foreign trade. Those better informed, declare that foreign trade, to use a card table simile, is, after all, a side bet and not the main pot, and that successful business activity, like charity, must begin at home. The American Woolen Company took that stand this week when it purchased three additional mills, in- dicated that it would confine its sell- ing efforts largely to the trade of the United States and opened some of its lines for next fall at prices which showed little advance from those now current. Sound Production Basis. The smelters and mines are being reopened steadily and the copper properties are being brought back to a sound production basis. New outlets are being found to take the place of export demand through de- velopment of new uses for the red metal in this country. The automo- tive industry gives every promise of attaining a production in 1922 which will far exceed the number of cars turned out this year. The demand 'ware ‘has increased steadily ths and still s on the up- for hard for mon Frorer 8 er 30 per cent of the cotton spindles of New England are in oper- ation and the wool markets are in- creasing in activity with prices n?gm and advancing. € paper manufacturers agai; making money and are nddfi:tnn.;: terially to pay rolls and output. Unemployment is decreasing de- spite the laying off of men by cer- tain railroads and factories and the government. State and municipal projects announced or inaugurated this week will provide jobs to addi- tional thousands of workers. Commodity Reports From Various Sections Electrical Equipment. TOLEDO, Dcember 17 (Special).— The new plant of the Save Electric Corporation, makers of incandescent lamps, will be put in operation next men.- The Jannin Electri will erect & new factory: -fia":‘x’-’é‘:’efli :it:n":g‘l:.: fo;oe “io care for a sud- 8 of o s horense ers from all over Beans. SAN FRANCISCO, December (Special)—There is practically I}Z movement in the bean market, but reserve are smal ices have fallen to nearly the point uction. White beans are ue to & shortage in the crop. Steel. PHILADELPHIA, December 17 (Sps- cfal)—Letting of the contract “"5‘{)‘“ $2,000,000 office building of the Atla tic Refining Company here, which has been held up since 1918, is taken here of cost of scarce, to indicatea general belief that prices of steel and building materials nave now approached the low level. which may be expected in the near future. Clothing. NEW ORLEANS, December 17 (Spe- clal).—A general reduction in c(lolt”- ing prices has failed to stimilate trade here to any marked degree: Women's clothing is moving more slowly than men’s garments. Live Steek. KANSAS CITY, December 17 (Spe- cial).—Both gides are making extrav- agant claims regarding the effective- ness of the packing house strike here, but so far the packers seem to hold & slight advantage. The walkout did not include 100 per cent of the work- ers and many of the strikers have been replaced. Some plants have al- most regained normal production. ¥ D. O, BATURDAY, DECEMBER 17, 1921.° ’NE ALWAYS SAID THAT IF 1T WASN T FOR My SENSE OF HUMOR. LIFE \WOULD BE A PRETTY DREARY PROPOSITION ador and will immediately begin a search for oil deposits. A sixty-mile railroad. to cost about $2,000,000, will be constructed. Furs, SEATTLE, December 17 (Special The fur market is about cleaned up of 1921 pelts. Wholesalers handling Alaskan and Siberian raw pelts have in their warehouses only a small per- centage of this year's shipments. Candy. NEW YORK, December 17:(Special). The sales of candy give promise of piling up a record total for the hol day season. Retailers are opening an- nel;! to care for the final Christmas rush. Notes. FFS, Ohio, December 17 (Spe- al).—A strike at the Franklin mine at Stewartsville last week was Set- tled in favor of the company, and in accordance with the agreement in operation penalizing the erring side in strikes, $1 was subtracted from the pay of each of the striking miners for each of the four days the mine was closed down. When the checks were distributed this week the miners again struck in protest against the enforcement of this feature of the contract PITTSBURGH, December 17 (Sp cial).—Traflic on the three rivers in the Pittsburgh district last month was very heavy. The total on the Allegheny was 279,966 tous, on the Monongahela, 1,380 s, and on the Ohio, 280,180 tons. CANADA BANK MERGER. Consolidation Saves Shaky Institu- tion at Montreal. MONTREAL, December 17. —Pre- liminary steps looking to an amalga- mation of the Bank of Montreal and the Merchants' Bank of Canada, two of the strongest institutions in the Dominion, will be taken Monday, it is learned. The combined capital stock of the banks would be $32,500,000, of which $22,000,000 is now the capital of the Bank of Montreal. Because an investigation has shown the reserve of the Merchants’ Bank of Canada to have been seriously im- paired, its directors will recommend acceptance of an offer of absorption by the Bank of Montreal. The announcement came from Sir Montagu Allan, president of the Mer- chants’ Bank, who failed to disclose in what manner the bank’s reserve had become impaired. OTTAWA, Ont, December 16.—Sir Henry Drayton, minister of finance, ‘has given preliminary consent to the taking over of the Merchants’ Bank of Canada by the Bank of Montreal. NEW IDRIA WINS SUIT. Awarded Verdict of $1,808,305.05 Against British-American. PROVIDENCE, R. I, December 1 A verdict for $1,803,305.05 has been awarded the plaintiff in the suit of the New Idria Quicksilver Mining Company of California against the British-American Manufacturing Com- pany of New York, in the United States district court here. The verdict followed ten days of testimony in the $2,500,000 suit of the New Idria Company, which alleged that the British-American Company had entered into a contract with the plaintiff company for the purchase of about 11,000 flasks of quicksilver, but had failed to fulfill the agreement. —_— DIVIDENDS DECLARED. Pay- Ho Jan. 15 Jan, T Phihes Kaitting Mass. Lighting 6% Df.9.1% 3 Lighting 8% Pt, d. 7% Dec. 24 J F ol SR g i ANt Tonopab Bxt. ACCEPTS TRADE NOMINATION. CHICAGO, December 17.—Robert McDougal has accepted nomination for the presidency of the Chicago Board of Trade. The election takes place January 5, and no other candi- date is expected to be named. Mr. Mc- Dougal has Jong been one of the most conspicuous figures in the grain trade of the United States and during the rorld war seryed in the eommlszlm- of the United States Army general o 2 lclose of yesterday. . FINANCIAL, 4 _—By WEBSTER. | FOREIGN TRADE SITUATION REFLECTED IN EXCHANG_E RISE Continued Recovery Abroad Is Attested Further by Firmn ess, Despite Berlin Plea—Public Not Buying Stocks. BY STUART P. WEST. Bpecial Dispatch to The Btar. NEW YORK, December 17.—The most significant happenings of the past week have been the continued recovery In the foreign exchanges, the comparative steadiness of cotton prices in face of the discovery that the extent of last summer’s crop dam- age was grossly overestimated, the remarkable oversubscription, at un- usually high prices, to the $55,000,000 New York city loan, and the advancing tendency in the stock market, despite the skepticlem expressed for a month gaxl in numerous speculative quar- ers. ‘Whatever the special causes asso- ciated with these various incidents, they all are symptomatic of a world- wide change for the better in eco- nomic and financial conditions. It is not to be doubted, of course, that the tremendously important accomplish- ments at the Washington disarma- ment conference havg had a good deal to do with the rise in exchange. But with all due allowance for the part which political considera- tions have played, the main reason why sterling rates from their extreme low of last summer have got back half-way to normal; why French francs have recently risen over a cent, wky other currencies of conti- nental Europe have similarly gained, is because the trade situation abroad is on the mend. The reality of this change, with its bearing upon the credit standing of the nations of western Europe, is further attested by the way exchange rates held their higher ground toward the close of ithe week. This was in face of Ger- many's formal contention that she could not meet the next installment of reparations except in minor part. Confidence Lost in Reports. It is a question whether the cotton trade, after its experience of the past autumn, will ever again set too much store by a government crop report The trade was asked in October to make its plans for a harvest of 6,500 000 bales. Two months later it was told to revise its calculations and ac- cept an estimate of 8,300,000 bales. Cotton prices have stood up as well as could be expected in the face of this unprecedented reversal of a crop position. and this points to the truth of two conclusions. The first is that home "consumption nas been much larger than was figured on. The sec- ond is that the southern cotton grow- ers, having got rid of the bulk of their holdings around the high prices of September and October, and having paid off their indebtedness at the banks, are able to keep back from the market their remaining supply if they choose to do so. The success of the New York stock offering is a striking episode, in that the price received by the city was much the highest In over ten years. This will be accepted as a sufficient answer to the attempts by investigat- ing committees and other sources of criticism of one Sort or another to throw doubt upon tne high credit of the city of New York. But, as a fur- ther test of the investment situation generally, it §s of much less conse- quence than the many other flotations of new securities made during the last few months. Stress Tax Exemption. The fact that this was exempt from the federal income tax and afforded a return well above the average for this class of investments quite destrovs the significance of the fourfold over- subscription and the high price real ized as compared with the issue 1917 and 1915. On those occ course, there was no such as now exists to hide the funds of rich investors where they will not b subject to an onerous tax burden The main explanation for the stock market's disregarding the precedent of an early December decline is sim- ply that the present situation is totally different from that of the con- time. ventional markets of past fore the federal reserv: bank working on its own hook le: up to the limit in midsummer aud afterward to meet the autumn cron demands, put the screws unmercitully upon their Wall street borrowers. Such experiences of the teresting, but of no practical bearing whatever upon the stock nowadays. So, ed by sp pools and professional operators. long as thes not attract much outside following the position will continue strong. The danger stag. will come only when the public re- turns to the speculative field. It is then that the distribution of large holdings will begin. (Cop: ) Grain, Produce LOCAL WHOLESALE MARKET. Eggs—Strictly fresh, per dozen, average receipts, { Live poult: | turke; per 1 a5 young, per 1b., per i a24; roosters, per lé;y\, per 1b., 50a! keats, 2. = 1b., 20; tur. young, each, Pork—Dressed, small, per Ib., 10a11. Live stock—Calves, choice, per 1b., choice, per Ib., 8 Green fruits—Apples, per bbl., 6.00a 10.50; per bu. basket 2.50a3.25 western, per box, 3.00a4.50. Califo: nia lemons, per box, 3.00a3.50; Cali- fornia orange: 5 Grapefruit, 3. 4.50u5 50, Tangerines, 4.00a5.00. Vegetables—Potatoes, No. bbl, 3.00a3.7 3.5 01 per_crate, 1.50a2, .00. Eggplants, per cr: California tomatoes, per box. Florida, 5. 0 per basket. Sprouts, 18a%5 pe. Deppers, per crate, 3.50a4.50. DAIRY MARKETS. BALTIMORE, December 17 (Special) -Poultry, live—Turkey; quart. 50 breasts, poor an hens, 19a oid small and ' white 'leg. old_ roosters, 23a28; pigeons, p: each, 25a50. poun ¢ dressed a off, native southern, 5 . . pound, 47a creamery, 4 28230 28a30; roll dairy prints, process butter, 35a36. — FOREIGN EXCHANGE. Sellmg checks—dollar value at close today. 418 By the Associated Press. NEW YORK December 17.- exchange, strong. Great Britain— Demand, 4.17%: cables, 4.18%; sixty days’ bills o;l banks, 414%. France— many—Demand, 50 land—Demand, = 36. —Demand, 24. ¥ 15.42. ; 5. Denmark—Demand, Switzreland—Demand, 19.45 Spain—Demand, 14.70. Greece—De- 4.22. Argentina—Demand, 33.25. i 12.75. Montreal, Sweden— COTTON MARKET! NEW YORK. December 17.—The cot- ton market was irregular early today. There was further scattered buying on improving reports from the goods trade, but it was Just about offset by realizing for over the week end, and a good dea lof busines represented the transfer of short hedges from Jgnu- ary to later deliveries. First prices were ten points higher to nine points lower, with near months relatively firm, and fluctuations showed contin- ued irregularity right after the call, with January selling off from 17.82 to 17.73 and then firming up to 17.82 again, or a couple of points above last night's closing. Futures opened steady; December, 18.14 January, 17.80; March, 17.76; May, 17.37; July,”16.97. NEW ORLEANS, December 17.— Prices were 5 to 9 points lower on the opening of the cotton market to- day, mainly because of an unfavor- able interpretation of unfavorable week-end reviews of trade in general, but a quick advance resuited from the report that Fall River sales of print- cloths this week had amounted to 180,000 pieces and the statement at- tributed to Secretary Hoover that un- employment in this country had been reduced by 2,000,000. At the end of the first half hour of business prices were 11 to 17 points higher than the January fell to 16.90 and reacted to 17.08. Futures opened quiet. December, 16.89; January, 16.90: March, 16.97; May, 16.82; July, 16.49. SEEK T0 REORGANIZE ROAD. NASHVILLE, Tenn., December 17.— That an application has been for- warded to the Interstate Commerce Commission asking permission of that body for the reorganization of the Tennessee Central railroad, for some time in the hands of a receiver, is admitted officially here. Details of the plan have not been made public, ut it is said that the Tennessee llroad commission has already glven its approval. The Tenpessee Central runs from Hopkinsville, Ky., to Har. riman, Tenn. e and Live Stock GRAIN AND PROVISIONS. sweets und vams. bb 2 00; hu., 1.00al hamper. b, 1.oa: : celery, doz. : cucumber: U eggplan horse radish, bu 02304 ale, bbl., onions, 100 bunch ham- e Editor of The Stai . ‘our editorial on fresh air in the United States departments (see Star, | December 14) w fine; but. there was one serious omission. The num- ber of cases of colds, grip and pneu- nia caused by improper ventilation pening of windows directly d{ clerks, subjecting them to dr - | the ir isten r fiend) clerks. who sit else run away, has not been stated If the statement of damages could be com- piled accurately, it would be a long fatalities, I have lit- 1 the while—but some method of ventila- tion ought to be provided so that no person shall suffer—either from too little or too much cold-air drafts. Here, perhaps, is a method of sct- tlement: All the clerks desiring win- dows open in cold and drafty weath- er, all the time or any portion of the time, should be placéd in one room. or a serles of rooms, and all who do not desire such drafts, all the time in another room, or series of room Thus the great question which no divides government offices into_ac monious groups would, I think, be settled properly. Then, also, might be determined the question of the relative efficiency of these groups. WILLIAM A. COUNTRYMAN. —_— NEW RED CROSS LEADERS. Executive Committee for District Chapter Appointed. Mrs. W. J. Boardman was chosen | honorary * chairman and Dr. Ralph Jenk chairman of the exccutive committee of the District of Columbia. Chapter of the Amerincan Red Cross at the annual meeting of the chapter Thursday. The. following were ap- pointed to act on the executive com- mittee for the coping year: Col. Charles Lynch, U. S. A.; Mis Mabel T. Boardman, Mrs. Theodore W. Richards, H. §. Reeside, John Dolph, Admiral W. C. Braisted, Miss Harriette 8. Douglas, Capt. J. C. Boyd, U. S. N. Miss A. M. Goding, Mrs. 1s W, Littell, Mrs. C. D. Carter, Mrs. Simon Wolf, James L. Wilmeth, Col. James | A. Drain, Miss Anna C. Koerper,, Mrs. {Seaton 'Schroeder @nd Mrs. Gibson Fahnestock. WILL DIRECT WORK HERE. Russian Relief Headquarters to Leave New York. Removal of the headquarters of the American Central Committee for Rus- sian Rellef from New York to Wash- ington, was announced by the com- mittee today. The rellef society’s headquarters here will be at 532 17th street north- west, in the building from which Gen. Grant directéd the military af- fairs of the country in 1865. Princess Cantacuzene, granddaugh- ter of Gen. Grant, is chairman of the committee, and Mrs. Robert Lansing, chairman of the .Washington commit- tee; rles R. ne, Charles G. Dawes, Henry H. de Ba¢h and Charles E. Russell are members of the board of directors. £YEAR-OLD STARTS BLAZE. Vivian Tolliver, colored, 4 years old. Jast night sought amusement playini about a lighted stove with piece of paper. in her home gt 1425 1st street southwest. The paper ignited Amanda Tolson, fifty-four years old, the child's grandmother, burned her hands while. extinguishing: the blase. Both were taken to Emergency . SUrgeons expressed M‘ ey would recover. N R 8