Evening Star Newspaper, January 4, 1922, Page 15

MILTON E.AILES PRESIDENT vice PRESIOENT JOSHUA EVANS,J» vice raesioEnT The Growing Busi_ness I sider banking connections. shrinking values, but have served to 2 i 1 o 7 X ¢ o ki aimornhere Thess (ehrinles nieos ooy CRERES HERE 0 ol 5 RS Men, Women and Children. ages have not tended to blaket the| S4N FRANCISCO, denuary 4 (Spec M S = = Choose a bank that can meet, not only B e wiih Whith the new year|Gla.—The movement of cunned N SE B == — — - — . . = is regarded. I UnsneDontes Blow by S S == the ordinary requirements of your business, ® Reports of two of the TR L O O = = == STOCK TAKING < : . comps just - )= = = but any special need that may arise, as well. e e e ow E B = <z goods sold and also a_decided dv. = 12| < 2 M.AKB BARGAINS 1 1 se i crating expense: h Az = =) 1= 2 The Riggs Bank handles the banking e e enalch ot vear W YORK, Jamuary 4 (Special) — ’,(m\’- 2 = 3 \ i 1 business. Mail order houses ar ounce loaf of bread was NS NI T business of many of the largest mercantile struggling with their annual figur \ts Liere today for the m ame c IN SHOES houses in this community to their entire satis- faction. your needs. Tie Ricos NaTionaL Bank Velvet Hats Duvetyn Hats Brocade Hats Hats of Cellophane Erlebacher WHERE For One Day Onl Absolute Clearance of 65 Exclusive Erlebacher F your business is growing you should con- -On Pemnsylvania Avenuc Facing the U.S. Treasury CHAS. C.GLOVER WEEARLS & ASST TRUST OAPER ASST casniER GEORGE 0. VASS GENERAL COUNSEL & TAUST OPPICER. your future needs when forming Its facilities are adequate to serve OF WASHINGTON D.C. Twelve-Ten F Sto | STYLE ORIGINATES AND EMANATES Hais That Sold From $15 to $25 Metal Cloth Hats Feather-Trimmed Hats Felt Sport Hats Fruit-Trimmed Hats Euverything considered, this 1s the most remarkable collection of Millinery we have yet offered at anywhere near this price. “Wanhattan’ and “Raleigh Haberdasher” Semi-Annual Sale THE EVENING STAR, WASHINGTON, D. CONFIDENCE AND ASSURANCES SEEN AT EVERY TRADE ANGLE WELTON. he Stal BY Specinl Dispate CHICAGO, January 4.—The out- look in this business center is cheer- ful although there is no tendency to underestimate the importance of lower freight rates and further wage adjustments. At every turn there is evident a spirit of confidence and assurance of bigger and better busi- ness, accompanied also by an improv- ment in forelgn trade. Three failures of brokerage con- cerns within the week and the ab- sorption of two banks In distress as a result of assoclation with various enterprises tell a story of local o and statements showing losses ar expected. Most Industries Augur tion of the country has made head- way in every line of business and finance with the possible exception of anthracite coal. Liquidation of stocks of goods in the hands of manufactur- ers, jobbers and merchants, readjust- ment of prices to lower levels, re- ductions of loans and of interest ra and readjustment of o scales have put the business world in position to make good progress this year. Except in the textile mills, local in- dustries began the year at a very low level of production, but with a_good foundation on which to build. There is a general belief that the worst period of readjustment has passed. Retail merchants are making sub- stantial reductions In prices to stimu- te buying, and strects and stores are almost as well filled with shop- pers as during the holiday period. Ac- cording to President Rea of the Penn- vania railroad the system has re- duced its expenditures $170,000.000 within the last year, but, he added, that only a further reduction in costs and an increase of efficiency by work ers will enable the road to earn its 6 per cent dividend rate. No Weak Spots in Trade Revealed by Inventories BY L V. SHANNON. Special Dispatch to The Star. NEW ORLEANS, January 4.—The annual {inventory and stock-taking period has not uncovered any weak spots in the business fabric as vet and is not expected to do so because of the caution with whick mercha ha and manufacturers d their businesses during the la conduc t year. The stocks on hand are comparative ND RAPIDS, Mich.,, January 4 e e S i ly small, not averaging more than 70 | (Special 1 lot"- shipments Another of the and active—be quick. | per cent of the amount of goods on | this year of po fromuMichigan FLER fhe Shelves i o similar period m |UP to December ot were S6L, LOFFL ‘ ‘ormer years. ~ - Sales of retailers have come close | Year, 69 two years ago and 4,4 36 Pure Pork Products EDMONS I ON & CO. to former years actual turn-over, |three years ago. | although the margin of profit has not Scrapple i (Incorporated) been so large as previousl: Few merchants lost money, however. largest stocks appear to be in the men's and women's read; lines and dealers in such garments are making 50 per cent price reduc- tions in order to close their stocks before the winter is over. Jobbers and manufacturegs have not fared so well as the retailers be- cause of the low prices prevailing for agricultural products and the re- duced purchasing power of the farm- ers. The banking position in the south and southwest is excellent and is steadily improving, owing to the voluntary reduction of lines of credit. Commodity Reports From Various Sections Live Stock. SAN ANGELO, Tex., January 4 (Spe- clal).—There has been a decided movement in cattle in this section in the last week. Ten thousand four hundred steers and calves were sold for shipment to middle west points. ST. PAUL, January 4 (Special).— The live stock market here has been fairly steady since January 1. Pack- ing house operations are still slightly under normal because of the strike. Machinery. BOSTON, January 4 (Special).—The Lamson Company, makers of carry- ing devices. has been awarded a _con- $3.50 Philadelphia $3.25 Chester $3.00 Wilmington Sunday, Jant;ary 15 Chicago Outlook Shows Keen Interest, However, in Lower Freight Rates and Wage Adjustments. tract totaling $500,000 for equipment to be used by the new post office at the Chicago union station. It 18 be- lieved that the installation of these devices will revolutionize handling of the malls in some departments. Dry Goods. ST. LOUIS, uary 4 (Speclal).— The strong advertising campaigns of the stores in this sectlon indicates that many large clean-up sales will be put on in this month. DETROIT, Jannuary 4 (Speclal).— There is & deched increase in or- ders for dry goods coming in from salesmen on the road in this terri- tory, which is quickening the job- bing trade in this city. ince pre-war days. In £ sold for 10 cents and been selling for 7 Iron and Steel. Good Progress for 1922 pyrrsperc - Your Account Is Invited Y ERANIE D MLAIN —Pig i ¥ Dowe: stay stuffed-up! Quit blowing and snuffling! A dose Values i R R P SR of “Pape’s Cold Compound” taken every two hours until three up to s"{:{;}fi'{f:;:‘:'fiu'f ;:nuary e 6 to Piltsburgh. dodes are taken usually breaks up any cold. $10.00 L4 | process of readjustment in this sec- Tenuay L e The first dose opens clogged-up mostrils and air passages for— i Automobiles. DALLAS, Tex., January 4 (Spe- i Automobile sales and sales of tires and accessories were better in December than at any other time in 1921, according to dealers here and in Fort Worth, There was also an increase In_the sales of trucks and tractors. Garage men, however, re- port conditions unchanged and say many have been forced out of busi- ness. January 4 for coke have been arter delivery 0, respectively. nd s3 a nominal asking price of to $3 on spot furnace coke. OSTON, (Special).—Tt imated that there . 2,000,000 pounds of fine January 4 1 amount. The total wool at present are about pounds, as against 139,- pounds at this time last year, exclusive of government holdings. Cotton. ATLANTA, January 4 (Speclal).— farmers are discussing crop the acreage devoted to is expected to equal, if e acreage of 1921. cotton in 1 not exceed, Potatoes. BAKEE if., January 4 (Special). pment activities in alifornia oil fields indicate a large increase in production during the com- ing year. Rice. ST. LOUIS, Junuary 4 (Special).— Rice is bezinning to move throughout the southeast and southwest at fair prices, and it is expected that debts will be liquidated shortly in the rice belt. Groceries. FORT WORTH, January 4 (Special). —Texas retailers, through their state association, have sent to Attorney Gen- eral Daugherty a denial of charges that retailers were profiteering. Lumber. SAN FRANCISCO, January 4 (Spe- cial).—Demand has just about caught up with production at the lumber mills in this state, as many mills have been closed. Prices are strong and steady, with an upward tendency, and building is increasing in this section. Notes. BOSTON, January 4 (Special). — There hus been a feoling of soncurvas tive confidence in evidence among business men, bankers and financiers of New England since January 1. Nothing approaching a boom is an- ticipated, but it is felt that the trend of business is in the right direction and that improvement will continue throughout the year. It is estimated that the lifting of the transportation tax will save New Englanders $14,- 000,000 2 year. It has been suggested here that the problem of the New England_railroads be lifted by hav- ing the New England states guaran- tee the debts of the carriers. FORT WORTH, January 4 (Special). —The southwest {5 holding 11s breath over the rain situation. With the ground full of wheat unsprouted and with ranges stocked fairly well, but with water tanks empty, farmers and “California Fig Syrup” today may /SR WEDNESDAY, JANUARY 4, 1922. @ (oF, STEINWAY PIANOS A ‘The Famous Victor Records f John M;,Corrfiack Are Available Here Hear them and you’ll enjoy his recitals DROOP’S MUt 1300 G Steinway Pianos, - Player-Pianos, Victrolas. FOR SAFETY FIRST! Call on us for free insignia endorsed by Trafic Bureau to attach to wind shield of your auto to give it right of way in joining any funeral cortege. GAViERs NS MORTICIANS Organization of Kfficteat Mea and Wor 1750-1752 Pennsylvania Aver Phones Main 5512-5513. Chapel—Cremations. Established 1850, EDMONSTON'S Home of the Original FOOT FORM Boots and Oxfords for Women's High Shoes | “Pape’s Cold Compound” is Quickest Relief of head; stops nose running; relieves headache, dullness, fever- ishness, sneezing. “Pape’s Cold Compound” is the quickest, surest relief known and costs only a few cents at drug stores. It acts without assist- ance. Tastes nice. Contains no quinine, Insist upon Pape’s. 320 Pairs in the Lot Women’s High Shoes Values up to $14.00 $9.65 MEN’S HIGH SHOES Regular $10 and §11 Stock | $8.85 if Resolve for the New Year to solve the luncheon problem with— LOFFLER’S Special Frankfurters Served by themselves or with apple fritters, these big pungently-spiced smoked sausages lend luscious delight to luncheon. Their pure pork-and-veal wholesomeness pleases all tastes. Ask Your Meat Man sse lines the stocks are enough to assure a full range of sizes : In Black Kid and | Black Calf | The salec will be short | 1334 F Street Andrew Betz, Mangger Advisers and Authorities on All Foot Troubles Made by ‘A. Leffler Provision Ce., Inc., at Benning, D. C.. uwnder U. 8. Gevernment MOTHER! CLEAN CHILD'S BOWELS WITH “CALIFORNIA FIG SYRUP” Even Cross, Feverish, Sick Children Love its Fruity Taste and it cannot Injure Little Stomachs Don't let child stay bilious, constipated. ‘physic-laxative” is often all that is | necessary Hurry mother! A teaspoonful of prevent a sick child tomorrow. If| Genuine “California Fig Syrup” your child is constipated, bilious, | has directions for babies and chil- feverish, fretful, has cold, colic, or dren printed on the bottle. Say if stomach is sour, tongue coated, alifornia” or you may get an imi- breath bad, remember a goodltation fig syrup. SPECIAL TRAIN Lvs. Washington (Union Station) 7:30 a.m. Returning, leaves Broad Street Station 7:25 p.m. West Philadelphia 7:30 p.m., Chester 7:52 p.m., Wilming- ton 8:10 p.m. stock men are facing a critical period. If the long-delayed moisture gomoe!. wheat, oats and' cattle will flourish and cattle will winter satisfactorily, The year just closed was the dryest ever known, according to the govern- SHIRTS TR L L L LT T TTT RIS I Worth-while reductions $2.50 Shirts Cut to $1.65 $3.00 Shirts Cut to $1.95 $3.50 Shirts Cut to $2.35 $4.00 Shirts Cut to $2.65 $4.50 Shirts Cut to $2.95 $5.00 Shirts Cut to $3.35 $6.00 Shirts Cut to $3.85 $7.00 and $7.50 Shirts Cut to $4.65 Raleigh Haberdasher 1109-1111 Pennsylvania Avenue F YOU'VE been waiting for the announcement of this Half-yearly Sale, you can now “go to it. Come, expecting to see the largest variety of patterns—all desirable—shown by any shop in this city. You'll not be disappointed. » T T AT T T N b Tickets on sale Ex. Tecsion ot siations aad Olly iorst G5 TR ¥ b, pw, T Tiaket OF £ Similar Exoursions Sunds 2 wary £9, February 12, 6, March | ix,’fi?. The -right is reserved to limit the sale of tickets to the capacity of equipment available. g B < 3 E System The Route of the Broadway Limited B ‘C)Zon going on ! Nhe PR Semi-Annual Clearance Sale ment weather bureau. NEW AMERICAN CITIES. NEW YORK, January 4.—A plan for reorganizing American Cities Company has been decided upon by the committee representing holders of the company's collateral trust bonds. A new company, the Na- tional Power and Light Company, will be organized with common and preferred shares of no par value, the preferred carrying dividends of $7 & year, cumulative from January 1, 1923. The new company will issue fitty year 7 per cent income bonds, subject to the prior payment of principal and interest of all in- debtedness and contractual obliga- tions now or hereafter outstanding. The company will also buy bonds now in default. —_— FINANCE AND TRADE NOTES. Virginia Railway and Power has de- clared a dividend of 6 per cent on the company’s preferred stock, payable in preferred stock at par February 1, to stockholders of record January 10. American Wholesale Corporation’ sales for December, 1921, totaled $1 830,987.30, an increase of $58,050.67 compared with December, 1920, when the total was $1,772,936.30. Baltimore Clearing House Assocla- tion opened its hew headquarters yes- terday on_ the third floor of the Na~ tional Exchange Bank, American Shipbuilding has declared, an -extra dividend of 20 per cent on common stock and has decided upon a plan for the retirement of the $7,900,~ 000 of 7 per cent preferred stock out- standing. The common stock will be incressed - from $7,600,000 to $15,- 500,000. Lazahis BROMS QULNINE Tagets reers the tive BROMO relieve Heatarne by ncing. the Ootd: A ‘toute Jaxative and_germ destroyer. genuine bears the ignature of E. W. Grove. (Be sure you get BROMO.) —Advex 5 dempuntable rims, extra rim, and non-skid tires all around. Prices Lowest in History . i of Ford Motor Co. Today, with many commodities still priced above the pre-war basis, you can buy a Ford car for less money than ever before in the history of the Ford Motor Company. The Ford Sedan at $660, equipped with electric starter, demountable rims, extra rim and non- skid tires all around, is without doubt the greatest value ever offered in a motor car. And you get the same quality, dependability and economy for which Ford cars are noted—with all the comforts and conveniences that go along with an enclosed job. Let us have your order now for reasonably prompt delivery. Terms if desired. Authorized Washington Ford Dealers MORE POWER =~ MORE MILES_ ‘LESS CARBON B T o N o 4 B8 Ohio Ave, BoW. OBTAINABLE AT LEADING L A ‘ Q0. (o) PARXKWAY MOTOR COMPA A DONOHUE MOTOE GO. ROBEY MOTOR COMPANY, ILLING 2 vania Ave, S.E. 1429 L St N.W. R TANGLE, MOTOR' 00 STROBEL MOTOR COMPANY N. Y. Ave. at N, Capitol Bt. 1425 Irving St. N.W. STEUART'S GARAGE 141151 Twelfth St. N.E. ale Can Sell Ford Cars, Tractors, Ltc., Tee D whoro in the United tates COLUMBIA OIL CO. ROSSLYN, VA. WEST 1012 Immediate Delivery on All Models