Evening Star Newspaper, May 30, 1922, Page 27

BRAZILIAN FOREIGN TRADE. NEW YORK, May 30.—Comparisons ot fo trade of Brazil show that w its excess of exports over im- jever during the war fell below and reached as high an ex- port surplus as £51,908,205 in 1919, the surplus of imports over exports in 1920 was £17,483.804 and in 1921 £1,881,268. rts alone did not go to a higher ire than the 63,031,161 of 1917, in . year of wartime, but in 1919 they £130,085,438, from which they fall to £107,521,052 in 1920 and to £38, 586,898 In 1921, the last-named figure be. ing the smallest since 1916. Prior to the ‘war, the largest Brazilian imports were the £138.073.780 of 1! they were only £84,039,335 in 1915. But in 1920 they had risen to £232,325.908, from which they fell to £ STEAMSHIPS. COMPLETE OCEAN STEAMSHIP SERVICE ‘WHITE STAR—To Channel ports, Liver- pool, Queenstown and the Mediterranean. Standard of service in keeping with the magoificence of Olympic, Homeric and world’s largest ship, Majestic. Regular express service. RED STAT — To Antwerp, calling 2t Plymouth and Cherbourg. Weekly sailings of four ships headed by the distinguished AMERICAN LINE—To Hamburg, Libsu sad Dansig. Service of regularity, de Pendability, comfort and convenience. tional Mercantile Marine Cou The Historical POTOMAC RIVER Route Steamer Majestic SOUTHIOUND. m., Tuesday, Colonial Tleach at 9 Arriving Washington. .m. Outside Rooms—Splendid Meats. Special Week %fll Trips Phone M: ‘CLARK'S CRUISES byCan. Pac. STEAMERS Clark’s 3rd Cruise, January 23, 1923 ROUND THE WORLD Superb SS “EMPRESS of FRANCE™ 18481 Gross Tans, Specially Chartered 4 MONTHS CRUISE. $1000 and up Wmoluding Hotels, Fces, Drives, Guides, et Clark Originated Round the World Clark’s 19th Cruise, February 3, 1923 s MEDITERRANEAN s 8§ “EMPRESS of SCOTLAND Gross Toas, ially Chartered 65 DAYS CRUISE, Including Hotels, Fees, 19 days t, Pale CUNARD “hao ANCHOR unes Connections Encircling the Globe Drafts and Foreign Money Orders For Sailings and Full Information Apply COMPANY'’S OFFICE, 8517 14th St. N.W. Washington OLLAND AMERICA LINE NEW YORK TO ROTTERDAM Via Plym ‘Boulogne.Sur-Mer June 3 July 8 Ryndam .June General Passenger Office, 24 Or Local Ay State St., gont. ideal SUMME VACA‘I‘IONg RMUD Deys from New Ye 8 D‘y' m.m Including All Expenses and upward—beginning June Cosl in Summer—No Passports All_Sports—Modern Hotels FREQUENT SAILING:! Luxurions Twin Screw Steamérs Bemd for Special Summer Towrs Booklet FURNESS-BERMUDA LINE 34 Whitehall St., N. Y. or any Tourist Agent NORWAY North Cape and the L ' S.S. Bergensfjord { T S.S. Stavangerfjord | Aue. 11 Superb Cabin Accommodations Cabins-de-Luxe— -KM Continent. Norwegian America Line Fjords Sailings to NORWAY Direct Sept. 1 ’June 30 Fast Modern Twin-Screw Steamers Moderate Rates Close connections for Bweden, Denmark and - 22 Whitehall St,, New York Or Local Agents. Special Reduced Rates, For _information apply company’s _offics, 43 FINANCIAL.™ BY JAMES ALLERTON. Special Dispatch to The Star. NEW YORK, May 30.—The Memorial day holiday undoubtedly had the effect of lessening manufacturing output in this section for the week and checked business in some otner lines, byt the holiday demand served to stimulate trade In the retall stores on Monday, and this improvement Is expected to continue throughout the week. Improve- ment in the supplies of bullding material has allowed inauguration of many bulld- ing projects in this city, especially in Brooklyn and the Bronx. The strong trend of prices for raw cotton, silk and wool has served to stim- ulate manufacturing activity in textile lines rather than to check it. An un- doubtedly improved sentiment exists in the cotton goods trade. The woolen manufacturers are busy and, prices for woolen cloth are higher. Silk manu- facture still is far under capacity, but business is giving some signs of im- proving. The carpet mills and Hnoleum factories are well booked ahead. Makers of women's house dresses are active, and wholesalers are carrying large ‘stocks of these goods. Out-of- town merchants are buying goods for next fall in this market in increasing quantities Wholesale and manufacturing jewelers report better business, with prices gen- erally firm. Northwest Traders Report Improvement Is Emphatic BY E4D. JENCKES. Special Dispatch to The Star, ST. PAUL, May 30.—Mining of iron |ore and manufacturing of ferrous products in northern Minnesota will be on an average normal basis with- in the next month. This will mean the employment of several thousand more men rectly, and will be an in- fluence als in providing additional tonnage and added revenue to the {ore-carrying railroads. Tonnage gains will go far to offset a tendency to limit maintenance and betterment work on railroad: ailway officials predict the employment larger forces. Transportation experts fear the recent freight rate order will mean smaller earnings for the roads this summer unless the industries ex- perience greater activity and present s for big crops materialize increased tonnages for s business men, who have Just returned from a week's tour of the northwest, report an emphatic improvement in general business con- ditions. Bank deposits, they say, are larger, indebtedness is smailer, coun- {try merchants are buying to meet arm demand and construction work is_exceptionally heavy. Manufacturing plants here are en- larging their activities as buying in- creases. = Declare Industries Working 75 to 90-Per Cent of Capacity BY H. B. LAUFMAN. Special Dispatch to The Star, PITTSBURGH, May 30.—With the exception of the coal mines the in- dustries of this section are working at from 75 to 90 per cent of capacity. This is practically the limit under present conditions, but the tendency is toward higher output even though this will require the securing of new sources of fuel supply for the opera- tion of many plants. Higheps prices for steel probably will be paid before the summer ends. Makers are not scrambling for busi- ness requiring deliveries after July 1 and prices for the third quarter have not yet been agnounced. Premiums over the general price list are re- ported in many lines, however, and all indications point to advances when the third quarter prices are made public. While the proposkd freight rate reductions will affect the cost of steel to consumers, the makers {are expected to benefit by higher prices. The coal output in non-union fields affected by the mine strike is In- creasing, but there is little change apparent in the unlon fields where no effort has been made to operate mines. Mills and factories still have stocks in thelr yards, as a rule, and fuel is in sight to continue at the present scale of operation. Building construction is of such large proportions in this section that labor scarcity is reported in certain lines. This shortage is not sufficlent to retard operations. Commodity Reports From Various Sections Coal. UNIONTOWN, Pa., May 30 (Special). —DMiners and oven workers are grad- vally returning to work. H. C. Frick Coke is_steadlly Increasing f 1 coal and coke output. Repo: efforts will be made to resume work at unlon mines in about two weeks lack official confirmation. Automobiles. DETROIT, May 30 (Special)—For- elgn trade’ in autos is improving. Ford's South Ameri branch re- ports that April sales were the largest of any month since that branch was established. Hupp sale: for export also .are increasing rap- idly. v Frait. SAN FRANCISCO, May 30 (Spgcial). —Apricot growers are refusing $100 a ton from packers for their product and are holding out for $125. Peach growers are demanding about $40 a ton for clings. This compares with a price of $32 last year. Lumber. CHICAGO, May 30 (Special).—Lum- ber market has gained decidedly in strength the last week. This is par- ticularly true of yellow pine and soft woods generally. Douglas fir also is moving very briskly. BOSTON, May 30 (Special).—Lum- ber dealers report business has_been better than at any time for a year. Yellow pine prices were advanced as 7 | of June 1. UNITED AMERICAN NES HAMBURG @AHERIC&N LINE By New American-Flag Stemers Reitance June 18, July Aug. 8 Resolute June 27, July Aug. 23 ‘Waool. SAN ANGELO, Tex., May 30 (Spe- cial).—~Wool growers report lhnsgno effect of spring the sheep cleaner than they ever have been before. As a resul clips are expected weight under scoyrin, reflected in high LYNN, Mass, May 30 (Special).—As a_result of acceptance by the Shoe ‘Workerse’ Union of a 15 per cent wage cut some seventy shoe factories will be working today. This city ordi- marily employs 18,100 shos worke; and turns out 25000,000 pairs of women’s shoes a Iu.r ‘ Because of labor differences, 15,000 workers have been jobless since last winter. § Livestock. - FORT WORTH, May 30 flpuhl Bales of steers in w’m oxas l.)s: been- heavy the last few weeks, and prices are advi 4 Rice. 4 BACRAMENTO, Calif., May 30 (Spe< cial).~—California’s flflu: orop thll(,ur promises to be large. The rice asso- fn‘m“‘ is. in full control of market- STRONG TREND OF RAW STUFES . STIMULANT RATHER THAN HURT N;: Check Seen in hfinufacturing Activity |y in Textiles in New York Area. - Elsewhere. | 000 noon yesterday ains -was to wash [ %! the wool | 1. entering into construction work, in- cluding autos, has a special call, ol SHREVEPORT, May 30 (Special).— Construction of additional Y‘Vw lin in this fleld by Standard Ofl is giv- ing work to hundreds who were made homel by the recent floods. New lines will cost 35,000,000 and will in- clude 150 miles of-twelve-inch pipe line and 200 miles of ten-inch. Paper. KALAMAZO0O, Mich, May 30 (Spe- clal).—Conditions {n papermaking in- dustry are improving, and plants in this section are increasing production schedules, although recovery in this line has not been so rapid as in other lines of manufacture. Steel. MADISON, 1ll, May 30 (Special).— Working forces of American Car and Foundry will be increased July 1 from 1,300 to 2,300 men. This plant has or- ders to make 4,436 freight cars, which will keep it at work for eight months. PITTSBURGH, May 30 (Special).- Steel plant operations In this district run from 80 per cent for the Pittaburgh steel to 90 for the Carnegle, American Sheet and Tin Plate and American Steel and Wire, with Jones & Laughlin on an 85 per cent basis. It is not thought likely that the fuel situation will reduce rate of operations. GARY, Ind., May 30 (Speclal).—Pri duction at rail miils here has been 1 creased from 10,000 tons a week to 1. tons. Further Increases are e: pected. Machinery. LACONIA, N. H., May 30 (Special). The Laconia Car Company has $1,60 000 in unfilled orders on hand, suffi cient to insure capacity operation of the company until next fall. The plant is turning out sixty cars a week. Hardware. PITTSBURGH, May 30 (Spectal) Dealers report an expansion in demand for builders’ hardware. Buying is on a liberal scale in all lines of heavy ware. ’ Cotton. _SAN ANTONIO, Tex.. May 30 (Spe- cial).—Cotton Is progressing’ nicely in south Texas, but some weevil reports are commencing to come in from north Texas, due to excessive rains. Notes. ST. LOUIS, May 30 (Speclal). maller retail stores here are spe alizing in bargain sales with elab- orate window displa: and both large and small establishments are advertising freely. Wholesale trade |J increasing with improvement retail business and wifh confidence strengthened by the order reducing freight rates, merchants are making heavier purchases for summer and au- tumn delivery PITTSBURGH, May 30 (Speclal).— Building boom has reached a stage where a labor shortage is reported in certain lines. While this is a union district, contractors are bidding above the ynion scale for plasterers. Work on several large buildings is Just at the foundation stage, and an extension In the labor shortage is ex- pected as construction progresses. DETROIT, May 30 (S ed recently, are expected to prove of extraordinary benefit to this sectfon. Bullding of the huge freight terminal and rebullding passenger station here will provide a tremendous amount of employment, as will the ad- ditional track building program. Manufacturers are rejoicing over prospects of increased efficiency in handling incoming and outgoing freight shipments. JERSEY CROPS PROMISING. Farmers Cannot Recall Similar Conditions—Help Serious Problem. ‘WOODBURY, N. J., May 30.—Farm- ers hereabouts say they cannot recall a time when all kinds of truck we so far advanced as is the case today. Jersey strawberries have been In the market now for two weeks. Fresh Jersey peas will be plentiful this week, which is a decided inno- vation. The first cutting of hay is| ready, although the second week in June is usually the time. From some alfalfa fields there is.a possibility of getting four crops this year, if there is good growing weather. Corn Is standing well, and will surely “hide a horse” by the Fourth of July. The first of July is the usual time for cutting wheat, but from the advanced about obtaining help to gather the for the mowing machine a week earlier. The average farmer is worrying about obtaining help to gather the pea and berry crops. Were it not for the industrious foreigners, who bring thelr entire familles with them, three-fourths of the crops could not be gathered. There are a half dogen immense strawberry flelds within a radius of four miles from thig city, but, though growers are willing to pay the best of wages, eficlent help ls not obtainable. BALTIMORE LIVE STOCK. BALTIMORE, May 30.—With light receipts and advance in prices from 10 to 16 the market for steers was active yesterday. Trading in cows and bulls was dull and pric 25 lower, while quotations on Mary- land and Pennsylvania cows were generally 1.00 lower. Cattle—Receipts for week ending at noon yesterday were 1,828 head, 2,267 heéad for the previo 172 carloads for market for the ‘weel steers, choice, 8.0 butcher, 7.25aT. common, 6.76a7.25; common_to med} choice, 5.25a5.75; 5.00; common to nk cows, ohoice, 5.00a5.50; to 4 common to medium, in eep and lambs—Recelpts for week ending at noon Iuhrhy ‘were 7,668 head, against 4,457 head the 002 1838, = Hogs—Recelpts for Jesk endin were 11,430 head; ‘marker “ienity 6; medium s .ni medium, 11.75; Calves—Receipts for week endin at noon yesterday wers 1,652 ha;& derate’ m“ i & mo f ouur:" -uuy;p Z&lv.e i DIVIDENDS. Btoc! kof _Pay- to Loan hflh:“mud::‘---l-uu. Joseph 1. Weller 2 Wys L8, Tt OFFICE ROOMS FOR RENT International Building FORMZRLY INTERSTATE BLDG. 1319-1321 F St. N.W. A Few Very Desirable Offices Left Reasonable Rents McKeever & Goss Rental Agents 1415 Eye St. Main 4752 FIRST ORTGA e Safest Security on Every mortgage is less than 509 of the ready market value of the proyerty. Absolute Safety. Reliable Security. Liberal Income. Insurance Against Loss. Protection Against Depreciation. Prompt Payment of Interest. Repayments of Principal in Full: at Maturity. Choice First Mortgage Investments . $100—$250—$500—$1,000 WILLIAM S. PHILLIPS Main 4600 T i ; Bush__Terminal Co. .60 » 2 E ENTS Let us manage your Rental ®rop- erty. Over a Quar- tery of a Century Experience. B.F.SAUL CO. ' 1412 Eye St. N.W. ~ Main 2100 o i : 3 ESTABLISHED 1887 DAVID J. HOWELL AND SON ENGINEERS UNION TRUST BUILDING WASHINGTON, D. C. SANITARY ENGINEERS ARLINGTON CO. VA. REAL ESTATE ENGINEERING WATER SUPPLY—SEWERAGE ROADS.-STREETS—PAVEMENTS APPRAISALS-REPORTS-- MANAGEMENT feie LIBERTY BOND PRICES For $100 Bonds Wednesday Realty Amsociates, FINANCE AND TRADE NOTES. There has been a decided improve- ment in the demand for refined prod- ucts of Pan Handle Producing and although report for first a small loss rom operations in refined The quarter en a balance after expenses, tax and deductions_of §122,549. Tllinois Bell Telephone has asked the state commerce commission for authorization i of $10,000,000. States Steel common sold ex-dividend_yesterday. h’ district’ steel mills are well supplied with orders f put for next three months and plates and shapes are in heavy demand. Realty Assoclates has declared its regular semi-annual per cent, payable July 15 to stock of 5, but omlitted extra divi- NO DEDUCTIONS MADE. Bonds Bought in All Donominations. LIBERTY BOND EXCHANGE 604 14th St. NW. Don't take chances when in< acs o vesting your savings. departments. Mortgage Notes —and get the added protection of our:past record of not ever having a client lose as much as a-single penny in either principal Co-Operative Building Association dividend of The attending to details, such - lend. Market experts declare that better prices and increased operatfons indi- cate larger earnings and June for Unite were made in the first three months of mitting interest on the day due, is part of our service. Notes now on hand in de- nominations of $250.00 up to $5,000.00 CHAS. D. SAGER 923 Fifteenth Street N.W, Loan Department, M-36 or April, May If you make,up your mind to save in & systematic manner and stick to it, you will accomplish more than ever in a financial way. Subscriptions for the 83d Issue of Stock Being Received Shares, $2.50 Per Month is reported that strike vote will go out to all locals of United Brotherhood of Mainten- Employes and Rallwa n connection wit orders for a ance of Way Shop Laborers. a on The $2,447,000 bond Issue of Phila- delphia carrying 4 was ‘awarded Fund which bid 101.76 for bonds. Firestone Tire nounced a wage increase of 10 in both Akron plants, effective This is the first wage in- rubber plants more than two years. It is regarded as unlikely that any formal announcement regarding the er now under consideration_in- Midvale Steel, Republic Iron & Steel and Inland Steel will be made before later in the week. A syndicgte including Kuhn, Loeb & Co Higginson & Co. City Company, First Ni Bank of New York and Illinoils Trust has brought a $6,600,000 issue of 5 per cent Chicago Union station bonds, se- subject to approval of the Steel division Hydraulic. Steel has been sold to United Alloy Steel announced, but it ® understood the deal will permit Hydraulic Steel to pay off all its bank loans and have left $1.500,000 in cash. Phillips Petroleum {s reported en- joying the largest earnings in its his- ‘The net after taxes and inte est but before depletion and deprecl tion was $790,000 in April, or at a te of $14 a share. month will exceed that of April. LIVERPOOL, May 320. b closed Frida; NpmAWN er cent interest City Sinking Rubber Has an- EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, President Call, Phone or Write for It WILL BUY 1409 N. Y. Ave. N.W. International Finance Corporation Stock S. A. SCHOOLFIELD Room 310_Continental Phone Main Trust Building Terms are not 71t is desirable, of course, that you have access to your bank when wanted, but convenience alone should not dictate your 'choice of a bank. ¢ {fSECURITY and SERVICE should be important considerations, and no institution is better equipped these than Washington's OLDEST NewYork Stock Exchange 111 Broadway. New York to give v National Ba {l Become a Metropolitan depositor THIS PAY DAY and know the advantages of 100% efficient banking Chicago bank clearings last week increased $59,600,000, or 12.9 per cent over those of the corresponding week was $520,500,000, against $461,000,000 a year ago. MONTREAL PORT AIDED. MONTREAL. May 30—A loan of $5,000,000 is to me made by the Ca- nadian government Washington Office COLORADO BUILDING Telephone Main 1603 G.B.Chipman to/ the harbory ioners here for the construc-’ new terminal facilities, a cording to recent reports. A loan of $1,500,000 also will be made to the Quebec city harbor commissioners for a similar purpose. principal competitor of New York in grain movement to Eurgpe from mid- cle western states. > NEW MELON MARKETING. CAMBRIDGE, Md., May 30.— Melon ) GARA m’sderl‘h nf' DorCheule\;m;ou;l( 8 car e former met! of selling and [VATE. !P“ll’m(nxdmfllonl lnl bulk, and this year EBIVA will send all canteloupes and melons to Hurlock, where they will be sorted into | 1419 G 8T. N.W. sizes, packed in crates and none but fine fruit shipped. 3% Compound Interest on Savings One Dollar or More Will Open An’Account ARTHUR T. BRICE WALTER BROWNLE: FREDERICK De C. FAUST WM. F. GEORGE W. WHITE O. H. P. JOHNSON C. F. R, 0GILBY C. F. JACOBSEN CHAS. E. BRIGHT. Vice President Yz PROPERTY OWNERS RE EXCELLENT INV| WE ARE PREPARED TO ESTIM. LL TYPES, PUBLIC AND GENERAL GARAGE CO. CASH OB TERMS. MAIN 4481. EEBERT T. SHANNON C. SHERIDAN THOS. KELLEY, Jr. 6. SMITE, Jr. 3 WALTEE R. TUCKERMAN TOWNLEY A. McKEE W. A. WIMSATT Jo! 00RE GEOEGE W. WHITE Ladies’ Dept. €. LOUIS ECKLOFF. J. GALES MOORE. Open 8:30 A.M. Every Business Day National Metropolitan Bank Capital, Surplus and Undivided Profits Over $1,500,000.00 15th St., Opposite U. S. Treasury—108 Years Old Foreign Drafts Shannon & Luchs First Trusts On Washington, D. 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COMMERCIAL : 3% ON SAVINGS Even birds know enough to line their niests with some= thing that will keep out the storms and make the place for their families. They Invest in feathers, a 15th and Penna. Ave. Capital and_Surplus, $5,400,000.00 HOME SAVINGS BRANCHES. ' 8th and H Sts. N.E. - 7th and Mass. Ave. 436 7th St. S.W.