Evening Star Newspaper, August 17, 1922, Page 24

. » kKX k¥t T2 OHIO VALLEY FINANCIAL. NOW INTERESTED | IN SPEED OF COAL SHIPMENTS Clevelan& chorts Operators of Opinion That Fuel Will Start Moving Right Away—Furnaced Banked. BY GUY T. ROCKWELI. Bpecial Dispatch to The Star. CLEVELAND. August the coal strike settled, so far as Ohio and most of the surrounding states are concerned. business now i Certain operators were of the opin- ate a great scramble for fuel, as wide call to act on methods to cur- fnterested in the speed with which on today that coal would start mov- many plants are on the verge of a tail the distribution of electric cur- coal shipments may be handled. ng immediately. Coal men antici- shutdown. In response to a state- = S Building v11 15th St. N.W. Washington's Newest Office Building Harry Wardman 1430 K ST. N.W. Main 4190 rent in Ohlo, it was decided at a meeting here that all the power com- panies inform the state public utili- ties commission when their fuel sup- plics are within fifteen days of ex- haustion. None is down to that point vet, but it is understood that five of the largest power distributors of Cleveland have only twenty days' supply of coal left. furnaces have been banked. while in the Mahoning valley district there are only fifteen out of forty-seven in blast. Ten of these are owned by the United' States Steel Corporation and are kept in action by the alloca- tion of coal. One independent steel company is receiving twenty-five cars of coal a day, when normally it receives. 150 cars. Conditions in the Akron rubber plants have changed but little. The Seiberling company has reduced its output 5300 tires a day, 3 coal shortage, but most companies have made no perceptible change in production. B. F. Goodrich officials predict that tire demands this year will continue well into the winter. Rail Strike the Only Thing Declared in Way of Trade BY DICK SMITH. Special Dispatch to The Star. KANSAS CITY. August 17.—The rail strike is the only thing prevent- ing this section from getting back to normal conditions, according to coun- tay merchants who are here for the annual “fall market week.” The strike has cut of out-of-town buyers, local whole- salers sav, but those who have come making liberal purchases. Mar- | ket week. which has reduced fares as | one of its chief features, is Sponsored by the chamber of commerce. The United States is spending more each year for flowers. That is the statement of delegates to the con- vention of the American Soclety of Florists and Ornamental Horticultur- Tires & TUBES : F : .. FOR SAFETY-COMFORT-MILEAGE . LOCAL 1127 t4th St. N JOSEPH D. SULLIVAN {DISTRIBUTER .. ). Wiehle +«W * Washington, D. C, JAMES A. SULLIVAN, Jg. ANNOUNCEMENT! The partnership existing between Robert R. Mahorney and Joseph D. Sullivan, doing business under the firm name of MAHORNEY & SULLIVAN 1527 Eye Street N.W. has been dissolved. The business will be continued by Joseph D. Sullivan and James A. Sullivan, Jr., under the firm name of SULLIVAN BROTHERS REAL ESTATE — LOANS — INSURANCE At Their New Offices at 819 15th Street N.W. Telephone Main 7821 93 Je oot 3K JOE K K e KKK KKK KK KKK * Keep F Ak ko2 454 % RS SRS LSS LS SS S ERSSSe el S Daily only. ....... Daily only ..... RATES BY MAIL, PAYABLE IN ADVANCE Maryland and Virginia Daily and Sunday......70c Sunday only ...........20c All Other States Daily and Sunday......85c Sunday only ...........25c < Call at the office or mail check or money order and service will be reliably given. AR IIAA KK IR KA KK in Touch With Home z While You Are Away Things’ll be happening that you'll want to know all about—so let he Enening Stuf Sundwy Star follow you wher ever you are so- journing. Address may be changed as often as desired by simply dropping us a line, giving the old address as well as the new one. The Star is the only afternoon paper in Washing- ton carrying the As- sociated Press dis- patches. : AN 2 2 25k e e 2 2 2 2 2 4 2 X T 2 X 2 2 2 Yk 2 32 X 2 2 2 2 2 2 Xk X Yook 2 % 1 Month. 1 Week. 20c ceee..50c 15¢ 5c 1 Month. 1 Week, 25¢ | 10c Because of fuel shortage, fifty blast| due to the; down the attendance | \ THE EVENING ists. Permanent shrubs are rapidly taking a place even with that of cut flowers and hothouse plant: the public’s favor. Proper planting of shrubs is looked upon as one of the essentials of home building construc- tion. Many bullders are planting ehrubs and otherwise beautifying the exterior of dwellings and lots before attempting to make sales of property. Southwest Missouri is disappointed in_its watermelon crop and manv farmers declare they will not plant again. The crop was damaged by lack of rain. All other crops broke records this year, and this intensi- fies the disappointment of the melon growers who, when crops are favor- able, often clear as high as $300 an acre. Farm experts look upon the ait- uation as another argument for di- versified farming. Record-Breaking Number of Buyers in Coast Cities BY PAUL C. HEDRICK. Special Dispatch to The Star. SEATTLE. August 17.—A careful survey of business conditions in the north Pacific coast citles shows that up to the present moment the rail- road strike and kindred disturbances have had little effect either on the trend of business or the comforts of the people. Westbound tourist traffic has slackened somewhat, but only so | far as the railroads are concerntd.] Motor tourist traffic continues very heavy. Thére is no tendency to raise the { prices of food or fuel. Steamship lines i between Pacific coast ports handle a | normal _volume , of food essentials, | Puget Sound boats bring abundant! supplies of fish, poultry and produce' to the local markets and open-shop | coal mines in western Washington ! produce all the coal needed for manu- {facturing and domestic uses. i | Recent trade expositions in the: {northwest, promoted by manufac-| { turers, jobbers and wholesalers, have | been unusually successful and have ibrought to the coast cities record- breaking numbers of buyers from the interior. These have placed orders| with more assurance than at any {time since 1919. Retail trade is good land a heavy fall business is expected. i | Commodity Reports k From Various Sections Glass, PITTSBURGH, August 17 (Special). —Large orders for plate and window | glass have been received here. Prices {are steady and, with end of rail and {coal strike in sight. manufacturers {100k for an even better business. Tobacco. BIRMINGHAM, August 17 (Special). —Jobbers report increased sales of all kinds of tobacco. Cigarettes and cigars are being purchased in greater volume than for some time. The - | fcent cigar is back on the job and is selling very well. Pianos. BROOKLYN, August 17 (Special). — An unusual demand for planos is noted by manufacturers here. Ordi- {narily the heavy demand does not! come until the early part of Novem- ber and then continues well into De- cember. The grand piano. in various models. holds its popularity. and the reproduclng piano is having a heavy sale. Potatoes. TRENTON, N. J. August 17 (Special). | —Southern New Jersey farmers are {snipping a large potato crop. Two | thousand cars were shipped from one ipoint. The quality of crop is good. {but prices are from $1.50 to $2 per| {barrel. compared with $4 for early| jvariety. Wheat. WICHITA, Kan. August 17 (Spe- [cial).—Rather than accept prices as! low as 75c a bushel at some elevators, | farmers are storing their wheat. This | {may mean some slowing up of fall jbusiness. Tomatoes. CAMBRIDGE, Md., August 17 (Spe- {cial).—Prices for tomatoes are in- jcreasing at this market as the avail- iable supply dimishes. The equivalent {of $24 a ton now is being offered as {against a pre-season prediction of {$12. The cannerles are still running of agricultural additional supplies ;and active canvass for ! districts | progresses. Ohio. August 17 (Special).—Resumption of soft coal mining and probability that prac- tically all bituminous miners will be back at work within next fortnight {will mean increase in operations of | steel mills here. Many of these have icurtailed activities because of coal ishortage. There is some talk of ad- {vance in wages for common labor in { mills. Coal NEW YORK. August 17 (Special).— It is estimated that more than 175 boats are now carrving coal from {England to the United States. Sixty- ithree of this number are United States Shipping Board vessels. BOSTON., August 17 (Special).— Heavy shipments of coal from Eng- {land and also Canada are being un- 1loaded at this port. Five British ships iare in port today unloading. Ten other ships are on their way here. KOKOMO, Ind., August 17 (Speclal). i—Three large factories here have cur- {talled operations because of coal shortage. They are Kokomo Steel and jWire. Kokomo Bale Tie and Haynes Automobile. The latter laid off 900 men the past week. Both coal miners jand railroad men. who now are on istrike, are seeking employment here {as common laborers. Chemicals. NEWARK. August 17 (Special).— Manufacturers of aspirin are quoting their products at the basis of 85 cents iper pound, a net gain of 5 cents. ! Automobil CLEVELAND, August 17 (Special).— ! commaodity, TREND IS UPWARD INLATIN AMERICA Federal Bureau Reveals Trade Conditions During Fiscal Year. READJUSTMENT IS FACTOR Survey Reports Many Signs ‘Which Promise an Improvement in Commercial Situation. Latin American trade is clearly on the upward. trend despite the sharp decline in the flow of commerce be- tween this country and the southern republics during the past fiscal year, according to a survey of the situa- tion made today by Dr. Julius Klein. director of the bureau of foreign and domestic commerce of the Commerce Department. Readjustment from abnormal con- ditions he found to be mainly re- sponsible for the reduction of Latin American imports into the United guus from $1,131,000,000 in 1921 to in exports to South America from $1,303,000,000 in 1921 to $498,000,000 in 1922. There has been, he declared, some unjustified alarm _over marked decline as shown by the re- cent figures, but the causes of this reduction are in no sense ominous. Period of Readjustment. “The twelve months .in question,” Dr. Klein said, “simply represent a period of readjustmen; from a vear of abnormal and, ‘in u'uny ways, un- healthy trade inflation down to the proportions justified by the normal economic relations among the Ameri- can republics. The beginning of 1921 found on hand in the United States {large stocks of most of the raw ma- terials coming from Latin America, and during the period of readjustment the consumption of these stocks and the demand for new oncs was slow. Like conditions prev: 1 in Latin America with respect our goods. The beginning of the year found the merchants of that region over- stocked with imported goods, much of which had been ordered in 1919, but not delivered until 1920, helping to swell the trade figures of that year. One Remarkable Gain. “There are, however, many signs which promise an early improvement in the situation. The Argentine grain and hides exports have shown a re- markable gain from January to July.: 1922, as compared with the same period in 1921 The Brazilian govern- ment recently reinaugurated the val- orization of coffee purchasing from the planters at prices which enabled them to meet part of their obligations, so that prices are now bringing a profit to plantation owners. “In the summer of 1921 the forelgn consumers of Chile’s great export nitrate, - held sufficient stocks to meet their needs for a year. But this situation has changed and iChilean trade is now showing a steady improvement. as the result of the first appreciable movement of nitrate since 1820. Sales Increasing Steadily. “Similarly, the markets for practi-; cally all other Latin American ex- ports now show a decided improve- ment over those of a year ago, and Jour sales to the southern republics have, therefore, been increasing stead- ily since October, 1921. when they reached their lowest point in recent years. Our exports to the ten repub- lics of South America were op the de- cline during the first six months of 1921, but they increased steadily dur- ing the first six months of 1922. For example, our sales to Argentina, Bra- zil and Chile in January, 1922, were. respectively. 25 per cent. 12 per cent land 23 per cent of our sales to them in January, 1921. In contrast with this is the showing for June, 1922, in which month our shipments to those countries were, respectively. 122 per cent, 111 per cent and 161 per cent of those made in June. 1921. “The value of American trade in both directions for the first halt of 1922 was two-thirds greater than in the first half of 1914. which is a sig- nificant gain even after allowing for changes in price levels during the in- terval.” = Woolen yarns are in fair demand for sweater trade for men's and boys' wear. The high price of woolen yarns, as compared with worsted, has operated against an extensive use of the former this season. If the range in prices between these yarns is widened it would mean a greater use of woolen yarns, dealers sa. under contract, to do work for rails, which formerly was done by striking shopmen. Notes. PHILADELPHIA. August 17 (Spe- clal).—Oil-burning _machinery has been installed in plant of Midvale Steel and Ordnance, which usually is busy on government work. mak- ing armor plate projectiles and large guns. Disarmament hit this plant hard, as its machinery is not well adapted for other lines of work. Lack of government orders helped to account for company's deflcit for six months of $2,580,000. Company has recently obtained orders for six 14- inch guns, which will cost about $1,350,000, work on which will start soon as plans are perfected. Un- less adequate supplies of coal are soon available. it i said, oil-burning machinery will be instailed at com- pany's plants In Coatesville and ohnstown, Pa. 661,000,000 in 1922, and the decline! the | Business at auto dlants in this city|J' STAR, WASHINGTON, D. C, THURSDAY, AUGUST 17 1922, DRY-GOODS STIFFEN. Delayed Shipments From Rail Strike Slows Up Buying. NEW YORK, August 17 (Special). —Some stiffening of prices was evi- dent today In the dry goods inarket n HELP AND, SI TUATIONS Grain, Prodpce LOCAL WHOLESALE PRICES. Eggs—Strictly fresh, selected. can- dled. per dozen, 27-8; average re- reipts, 26; southern, 25. Live poultry—Roosters, per Ib.. 15: [ the sheetings and standard prints. | turkeys, per Ib. 25: spryng chick- A few moderate orders Were ac-|ons. per Ib. 2ga3%; Loats, yOURE. each, cepted, but trading generally was | 36a50° fowls, 22, lght. Complaints are beginning to| Dressed pouliry—Fresh killed spring come in about the non-receipt of |chickens, per Ib, 30a35: hers, per 1b., goods shipped a week or ten days | 24; rousters, per Ib., 10; turkeys. Per ago, and the continuation of this|lb. 35a40; keatu. young cachs otate of affairs, \ue to the raflroad ntrike, has slowed up buying. Some 38%-inch 64x60s went for 8%. Fine goods were steady. The raw silk market was gulet anG advices from Yokohama told of limited business there, with little change in prices. Locally. however, Japan silks were quoted 5 cents be- neath the previons day's quotation jand this brought a number of in- quiries. STOCKS ARE FIRM IN MARKING TIME Trading Opens With Further Advances, But Quiets Down. BY STUART P. WEST. Special Dispatch to The Star. NEW YORK, August 17—The mar- ket today stili had its attention fas- tened upon the ra!l strike stituation. {11 expressed its confidence in an edrly settlement by a further advance, last- ing well into the afternoon. Then, having in mind that the New York conference of rail executives with the brotherhood heads was yet heard from—with the possibility of an upset after all—trading quieted down, but with Vittle or no reaction in prices. For the most part rail stocks failed to push through their high prices of generally, but the coal roads in par- ticular, extended to the utmost during the next few months to haul the ton- nage that will be offered. Carloadings a Straw. That these expectations are not likely to be over-rated appears from the 'latest figures on carloadings showing that while there was some falling off in the week ended August 5, there was an increase of 65,173 over the same week last year. That this increase should have occurred with coal loadings 66.549 cars below the week in 1921, gives some idea of and what it will be with the addi- tion of a normal coal traffic. Incidentally it supports the rail- way managers in their claim that shopmen's strike, so far as inter- fering with the freight movement is concerned, has been ineffective. Ol Shares Feature. Oil shares were the feature in the industrial part of the list. For this there was no explanation in the news of the day. reaction on the discovery that market had allowed itself at the time of the cutting of crude oil prices a few weeks ago to become altogether the oil trade. 1t was recognized today that the price cutting. so far from being an argument against the oil stocks in general, was distinctly favorable for refining companies like the Standard Oil subsidiaries, which. with large cash resources, could go into the mar- ket and lay in reserves of very fow- priced crude. CUR IS FEATURED BY STANDARD OIL Spectai Dispatch to The Star. NEW YORK, August 17.—Standard Oil stocks were the leaders on the curb exchange today. The big specu- iation in Indiana shares. in the Stand- ard Oil of New York and in Imperial iaries took occasion of the drop in ofl prices at the close of July and had jaid in larze stores of low-priced crude, placing them now in the posi- tion to make a lot of money from the advance. Most good judges believe this advance will come before the end of the year. Standard Oil of Indiana has a maxi- mum rise of two points; while Stand- ard of New York made a new high for the vear at 453. At this figure it was up 25 points from last Saturday. Imperial Oil of Canada had an ex- treme gain of 4 points. International Petrcleum followed in the wake of the high priced issues. On light trad- ing Vacuum Oil had an_ eight-point time, and Mutual Oil and Maracaibo Independent Oils Active. Independent oils, while not as con- spicuous as the Standard Oil group. felt, nevertheless. the inspiration of the great strength of the latter. New England Fuel crossed 73 for the first both worked upward. With the exception of Macy & Co. common and preferred and Philips- born preferred, the industrial list held well. The new Macy stocks and the Philipsborn specialty felt the ef- fect of heavy realizing sales and re- ceded a half point to a point. Gold- wyn Plctures and Phillip Morris were fractionally higher. In the motor to bei again had the picture of the railroads ! what the present freight volume is| It was only the natural : the | t00 pessimistic over the situation in! time, and Mutual Oil and Maracaibo, Live stoc—Calves. choice. per :b. 9%810; medium, per Ib.. 9; thin, per Ib., 5a7. Lambs, choice, Ib., 13; live Pigs. 3.00a§.00 cach: live hogs. per 1D Green fruits—Apples, new. per bbl. 1:50n430; per D PBsicet, mearby. S0i -o0- California es, per crate, E00a1056; Tomone. per box. 35nas0: anta- Peaches, "per crate, 2.00a3.50. v loupes, 50a2.00. Vegetables—pPotatoes, per bbl. No. 1. 2.00a2.50; per sack, 2.00a2.25 No. 2, 50a1.00. Sweet potatoes, 2.00a 3.50. Lettuce, per crate, 50a75; New York, per crate, 1.00a1.50. Romaine lettuce, 1.50. Cymblings. per_crate, 25a75. Onions, per basket, 1.25al.75. { Cabbage, West Virginia, 1.2521.50 per bbl. Cucumbers, per box, 1.00a3.00. Eggplants, per crate, 1.00a1.50. Toma-~ loes, per box, nearby, 25a1.00. Beans. 1.50a2.50 per bbl. Peas, basket. Peppers, per crate, 50a75. Spinach, per crate, 50a75. Lima beans. per quart, 25u30. Celery, per doz., 5021.00. DAIRY MARKETS. BALTIMORE, August 17 (Special).— Poultry—Live; spring chickens, 1b., 22a32; white leghorns, 22a26; old hens. 18223; white leghorns, 18al19; old roosters, 14; ducks, 19: ; old ducks, 15a16; pigeons, pair, 25; guinea fowl, each, 50. Eggs—Loss off; native and nearby firsts, doz., 25; southern, 22. Butter—Creamery. fancy, 1b., 35236 prints, 36a38; nearby creamery, 32a33; {ladles, 26a27; rolls, 23a24; store pack- ed, dairy prints, 23a24; process butter, 31a3Z. CHICAGO LIVE STOCK MARKET. CHICAGO, August 17 (United States bureau of agricultural economics).— Cattle—Receipts, 11,000 head; market, active; beef steers, tured 'steers, 10.90; best yi bulk beef streers, 9.25a10.65 grades, ;. better corn-fed cows and heifers, strong; other grades and canners and cutters, slow; about steady: bulls and Wednesday. The exc v stockers, steady: calves, mostly 25 stocks of the conl Taaonfvere the | cents higher: beef cows and heifers, which the brunt of the pent-up coal | 392 canners and cutters largely, trafc will fall. © wail Jerreet” eoal|2752.75; bulk bologna bulls, 4.00a4.25; bulk veai calves, around 12.50. Hogs—Receipts, 30,000 head: market fairly active on lighter weights, very slow on others; 15a25 lower; spots off more; 9.80 pald for 170-pound weight; bulk, 180 to 200 pound hogs, 9.6029.75: 210 to 240 pound butchers, mostly 9.40a 9.50; 250 to 275 pound butchers, 9.15a 9.30; good and choice 290 to 325 pound sows, pigs: butchers, 8.75a9.10: packing mostly 7.50a8.10: little »ction on vy, £2529.35: medium, ilight, '9.3329.80; light light, packing sows, smootn, packing sows, roughs, 7.00: |ing rigs, 9.00a9.75. Sheep—Receipts, lambs_opening mos erns, 10a15; lower t tive to shippers, 12.75: early packer top, 12.60; bulk. natives, 12.35a12.50: culls, mostly 9.00; early 'sales. west- erns, 12.40a12.75; sheep mostly steady: good 115-pound western ewes, 7.25: heavy fat natives, downward, to 2.50a4.50; light feeding lambs, steady; best around 12.50; heavy feeders siow. Subsequently. export purchasing of more than 500,000 bushels of wheat heve helped to bring about a further advance in prices. Besides, falling off {in primary receipts suggested that {perhaps the crest of the crop move- ment in the southwest had passed. iThe close was firm, 1% to 23 ne. higher. with September 103 and Decem- ber 1043 to 1041, 2 y ¥: killers, top na- Country corn offerings increased, {but were veadily absorbed. The close was steady. 1% to 2 cents net higher. with September 61% to 62. | WHEAT— Open. High. Low. Cloge. | Reptember .... 100 108 100 103 i ;"fl‘embfl‘ B . ;gt 1041 1.01% 1.04% ay Y 2 1.06% 1. CoRY ko] i September % 9% 61% { 540 5% H % Tl 59 ! September 307% 3% | December 33% e | May 3T 31 i e s WOOL TRADING LIGHT. {No Price Changes of Any Im- portance at Boston. BOSTON, August 17 Trading was very light in Summer street today. This was to have been the annual outing day of the Boston {Wool Trade Association. but the holi- jday stood officially canceled out of (Special).— Oil of Canada was 211 founded on the jTespect to the memory of William M. | belief that these Standard Oil subsid- Wood. jr.. son of the president of the American Woolen Company, {Alexander Gardner. { Little actual business was trans- lacted, however, and there were no price’ changes of any moment re- ported. WALL STREET NOTES. | _Directors of Standard Oil of New | York are said to be considering the {declaration of a 50 per cent stock {dividend and the splitting up of pres- {ent $100 par shares into $25 par shares. At end of 1921 the company {had a surplus of $167.295,390. Lima Locomotive preferred sold ex- dividend yesterday. Regular quarterly dividend of $1.75 on preferred, payable September 30 to i stock of record September 2. was de- clared by Cuban-American Sugar. American Sugar Refining may earn between $8,000.000 and $9,000.000 this vear from reflning operations which last year showed a loss of $2,177.275, !is Street prediction. American Window Glass declared its regular semi-annual 313 per cent preferred dividend, payable September 1 to stock of record August 23. Middle West Utilities has declared its regular quarterly dividend of $1.75 on prior lien stock, payable Septem- and D. i i i continues at high speed. One Inrgei {company, which devoted most of July ¢ |preparing for production of a new; model, has just announced a new model and resumed work. At most of other plants production continues | at capacity, while the Fisher body I plant reports it is unable to keep pace with orders. HARRISBURG, Pa., August 17 (Spe- cial).—Recent price reductions by auto manufacturers have brought re- newed demand for lower-priced models. Rallway Equipment. SHEFFIELD, Mo., August 17 (Spe- cial).—Three hundred employes of Sheffleld Car Equipment are on strike here because the company undertook, These structures are always painted —lead and zinc paint will your home. Expert advice on paints TOPEKA, Kan., August 17 (Spe- cial).—The Kansas industrial court has announced it will investigate proposal for mid-continnent oil pro- ducers to limit production. The law makes it illegal to “willfully limit or cease operation for the purpose of limiting production transporta. tion or to effect pricel Low prices were the cause of the action of the oil operators which was taken at a meeting in Tulsa, Okla. NSAS CITY, August 17 (Special). _rglt{hr?gerl(loll and cold storage plants of Kansas City Cold Storage *ad Warehouse, largest in middle west, will be put in operation September 1. This company is backed by operators of plants in Chicago and Lvs An- gele! Uncle Sam’¢ Lighthouses that are exposed to the , violent storms of the sea and the salt spray with lead and zinc paint. ARMORSHIELD give a like protection to\ and how to use them will be gladly given as our mew factory store. section there were gains of half a|per 15 to stock of record August 31. point in Packard and Durant common. Durant of Indiana was neglected. RETAILERS BUY WOOLENS. Woolen and worsted fabrics jobbers are quite pleased with the volume of tusiness being received from retailers. There has been substantial improve- ment in sales in the last few weeks, although the volume is still below a { normal total. More buyers are in the market at this time than ever before. A more, cheerful feeling is apparent among the buyers, and this is mani- fested in a willingness to place orders to cover more than just their imme- dlate requirements. Both jobbers and manufacturers _rather welcome this conservative policy of buying, for they believe that it eliminates to a great ex- tent the possibility of retailers becom- ing overstocked with goods that are not in demand. GOOD CROPS AID TRADE. Retail and wholesale merchants in general lines are pinning much faith to &rop prospects this vear to bring about Soitve fall demand for not only mece: saries of life, but many luxuries. Sales- Then for manufacturers whose products fall in the luxury or semi-luxury class report that retajlers in the agricultural e Rtion are more willing to look at such Sectchandise than they have been for two years. Another indication of the trend is found at the merchandise fair, where novelty goods of all kinds, in- cluding cheap jewelry, fancy boudoir Secessories decorative china and glass- Yare, are feported to be active. BROCADES TO FEATURE. om present indications, buying ofrgroudgi will be one of the leading features of the fall demand for silks. Ordors for brocades In cantons, satins, crepes and velvets on a chiffon back- ground have been very good. Heavy Btiff brocades and the tinsel and metal ones for evening wear have been in demand. Much brdcaded ma- terial is also being used for coat linings, cspecially of fur coats. The variety being turmed out is larger than ever before in the history of the lnflufiv. Soma'pgngrn. now being made on powerlooms were hitherto thought popsible of produc- tion only by hand. i New England Telephone and Tele- graph has declared its regular quar- terly $2 dividend, payable September 30 to stock of record September 13. CUT SILK TIES LEAD. Additional reports from the nation- wide survey of neckwear styles ac- | tually worn by men being taken by Associated Men's Neckwear Indus- tries show that majority of men favor ocut silk rather than knitted ties, it iis announced. In Philadelphia the | survey ‘showed €5 per cent cut silk and 35 per cent knitted; in Balti- | more. 64 per cent cut, 33 per cent knitted and 3 per cent miscellaneous, and in St. Louis 48 per cent cut silk, 13 per cent knitted and 9 per cent miscellaneous. In each of these three cities the percentage of knitted neck- Wear worn, as shown by the survey, is larger than in New York. e s 24 LAKE TYPE SHIPS SOLD. The Shipping Board has sold twen- ty-four lake ships, of the engine aft type, at $76,000 each. Only four more of this kind remain, but the board has about 200 lake vessels of other classes, which it is offering at the same price. It is learned that the board is making a survey of the 236 wooden ships and hulls before 2 final attempt to dispose of them is made. Several naval architects have been engaged to appraise the boat: after which a figure will be set and | 2n effort made to sell the entire fleet. | 1t is anticipated that this will be at fan average of around $1.200 each, i but including many which are prac- tically useles: PLAN RIBBON CAMPAIGN. The ribbon manufacturers of the United States are organizing a ‘“‘Make- it-of-ribbon” campaign in order to further the interests of the industry, which represents an investment of $20,- 000,000 and an annual business of $60,- 000,000. / —_— Knit goods are quiet. Modest sales have been made for delivery in Sep- tember and October, but present business is for immediate very and is.light. < - i 1 and Live Stock GAN EACH MONTH * GRAIN AND PROVISIONS. BALTIMORE, August 17 (Special) Potatoes, new, barrel. 1.75a2.25; No. 2, 1.00a].25; bushel, 75a80; N weet ‘potatoes, barrel, ms, 2.25a2.50; bea bushel, 65a75; Mma besns, bushel, 1.00a1.25; beets, 100, 1.50a2.50; cabbage, 100, 3.00a4.00: carrots, 100, 3.00a4.00; celery, dozen. 40a89. Corn, dozen, 8al15; cucumbers, bas- ket, 75a1.0 eggplants, basket. 60; lettuce, basket, 75a1.25; onions, bushel, 60290; peppers, basket, 15230; squash, basket, 25230; tomatoes, bas- z(;z._olouo. packing stock, bushel, 270. Apples, barrel, 1.0028.00; bushel, 50 al.00; basket, 20a35; blackberries, quart, 12a20; cantaloupes, basket, 25a 65; crate. 1.0021.50; crab apples, bas- 2. 35a40; 3.00a4.50: ket, 40260 curants, quart, 10a15; dam- sons, Ib, 5a6:; huckleberries, quart, 15a20; grapes, basket, 75a1.25; peaches, basket, 40a50; bushel, 50: |2.60; crate, 1.50a2.75: pineapples, | crate. 2.50a5.00; plums, basket, 1 40a65; pears, basket, 50a75; water- imelonu, primes to selects, 10a40; {culls, 5a6. Selling Prices at 1 0'Clock. Wheat—No. 1 red winter. spot. no quotation 0. 2 red winter, spot, 1.15%: No. 3, 1.12; No. 2 red winter, garlicky, spot, 1.07% per bushel; No. 3,97%: August wheat, 1.07 per bushel; September, 1.06 asked. Sales—Bag lot of nearby, by sam- ple, at 65, 70, 75, 80, 82, 85, 87, 90 and 96 per bushel. Cargoes on grade—No. 2 fed winter, garlicky, 1.06% per bushel: No. 3, :No. 4, 92% per bushel; No. 5, 873 per bushel. Carlots of No. 2 red winter, licky, spot, 1.07%. Carlots No. 3 red winter, garlicky, spot, 97%. A ‘reduction of 75c per barrel on winter grades and 25c per barrel on spring grades of city mills brands of flour were announced today. Corn—Cob corn quoted 3.75 asked per barrel; contract corn, spot, 74 per gar- bushel; No. 2 corn, spot, 751 No. 4 orn, no quotations; track corn, vel- Tow, No.%2%'0r better, 75a18% per bushel. No sales. | Oats—White, No. 2. old, 43% per bushel; No. 3, old, 43. New oats are selling at a discount of 1 cent a bushel under correspond- ing grades of old. Rye—Nearby, bag lots, 85a85 per bushel; No. 2, western export. spot. 84 per bushel: No. 3. no quotations. Hay—Recelpts, 109 tons; range is 16.00a18.00 for fair to good timothy and light mixed; market firm; supply on hand ample for trade. Straw—! 1 tangled rye, 15,00; No. 1 _wheat. 11.50a12.00; No. i, nominal, 12.00a13.00. CHICAGO, August 17. — Wheat scored slight gains in price today during the early dealings, although showing weakness at the start. Ini- tial declines were ascribed, to pessi- mistic European political _reports which were emphasized by a new low price record for German marks. Drought and heat damaging the corn crop, however, turned the wheat market wpward In line with corn. The opening, which ranged from % 10 1 lower, with Septcmber. 1.00 to 1.00% and December 1.01% to 102, was followed: by a rise all around to above yesterday's finish. Persistent damage reports, together with assertions that temperatures in the corn belt. were higher than yes- terday, with no rain in sight. gave the market for corn and oats an up- ward swing from the outeet. After opening % to % higher. September, 59% to 39%, the corn market con- tinued to ascend. Oats started unchanged to %a% up, September, 30% to 30%adl, and later made an additional gain Provisions reflected the weakness of hog values. Potatoes—Firm: total cars; cobblers, sacked early Ohios, Teceipts. United States shipments. New Jersey sacks and bulk 1.60a1.65 cwt.; Minnesota 1.00a1.15 cwt.; 24 cars: Nebraska sacked early Ohios, "best, 1.00a1.10 cw poorly graded, 75a90 ewt. ———— COTTON MARKETS. NEW YORK. August 17.—A sharp advance In Liverpool, accompanied by reiterated reports of an improv- ing trade in goods at Manchester, seemed largely responsible for firm- ness in the cotton market here at the orening today. First prices were 35 to 39 points higher and early realiz- ing_sales were absorbed on reactions of 5 or § points. with December soon selling up to 21.13, or fully half a cent above vesterday's closing. There w some scattered southern selling. but New Orleans, Liverpool, Wall Street and local traders were buvers on the advance. which was also promoted by continued complaints of crop deteri- oration and talk of probable low end month condition figures. Futures opened firm—October. 21.10; December, ~ 21.10; January, 20.95; March. 20.98: May. 20.95. NEW ORLEANS. August 17.—Ho1® that near future would bring favor. able rail strike developments domi- nated trade in cotton today, and in i | Were put 48 to 34 points higher than vesterday’'s flnals, October rising to 20.89. A better Liverpool market than due. further favorable reports regarding the settlement of coai la- bor troubles, drouth in the western beit and continued rainfall in the eastern belt all helped to make a very firm market, Futures opened steady:; October. 20.55; December. 20.50; January, 20.45; March, 20.42: May, 20.30. LIVERPOOL, August 1 7.—The cot- until 5:45 p.m. on September 1 to re- ceive the report on the American cot- ton crop issued by the United States Department of Agriculture. Cotton—Spot in fair demand: prices firm. Good middling, 12.95: fully middling, 12.80; middling, 12.70; low middling, 12.25; good ordinary. 11.40; ordinary, 10.90. Sales. 6,000 bales, in- cluding 3.400 American. Redgipts. 3.000 bales, no American. Futures closed steady: August, 12.27; October. 12.00: December, 11.84; January, 11.78: March, 11.72; May, 11.62; July 11.51. 'HEAP JEWELRY SELLING. Whatever may be state of call for higher:priced lines of jewelry " just now, there is no gainsaying the fact that an active business is being done in articles to retail at 50c and Up. Among active ftems at the moment are marcassite pieces, in which varl- ous shaped pendants are swung from heavy black silk cords. These re- tail ‘at $1 and up, depending on whether the material is real or imi- tation. A wide variety of popular- priced rings is selling, including a “black cat” good luck ring.that is also embellished with a wishbone and a horseshoe. Fifty cents will buy it over the counter. Mandarin rings and earrings are taking well. as are novel rings in which are set three diagonal .rows of imita- tion gems, each row containing three stones. Novelty earrings in imita- tion jade, topas, amper, sapphire, etc.. are sefling very freely. —_—— FALL HAT ORDERS GOOD. Orders placed for men's hats for fall have been good. according to prominent makers, in some instances running ahead of last year at this time. During last week considerable orders have been placed at local offices by buyers in person. When the clothing retailers hold their con- vention in November, it is expected a good portion of the remainder of the fall orders will be placed. The leading colors for the coming sea- son. judging from the business place will be the browns, tans and gray: The call for mixtures is also good, Manufacturers who make a line of tallored hats and those for sports wear say the buying of velours has been especially noteworthy. with plain felts also in good demand. BUY SHIFPING BOARD CRAFT. Garland Steamship of New York bought the West Islay, 8,800 dead- weight tons, at a marshal's sale held in Philadelphia. The price was $180.- 000 cash, or at the rate of about $20.50 a ton. Vessel was purchased originally from the Shipping Board by Imperial Shipping, which. de- faulted in pavments and went into receivership. The board, to protect its equity in the ship. bid up to $20 a ’'ton. At the same sale the board Scquired the West- Hawthorn for $124,000, about §15 & ton. 669 | the first . hour of the session prices | g ton exchange will remain in session | SINCE JANUARY T Treasury Shows $6,637,450 Increase in National Bank Securities. Securities held in trust by the Treasurer of the United States for national banks to secure circulation have increased every month since the first of the vear, according to a state- ment just issued. The total on Au- gust 1 was $735160,690, which com- pares with $728,5623,240 on January 1. an increase of $6.637.450. On Au- gust 1, 1521, the total was $723.- 596,190, On the other hand, there has been a steady decrease in the amount of se- curities held to secure federal re- serve bank notes. The total on Au- Bust 1, 1922, was $80,518,700. as com- ed with $224.165.200 on August 1. 1, a decrease of $143.586,500, and 1 comparing with $118.000,000 on Jan- uary 1, 1922, a decrease of $37.481,300 The reduction in securities held for i federal reserve banks was due to the Treasury redeeming Pittman act cer- tificates, which were issued to secure federal reserve bank notes in small nflcn!eg‘ retired during the war to re- lease silver dollars. which were melt- ed and bullion sold to Great Britain for shipment to India New York Prepares for Bankers. Nothing is beinz left undsne by those in charge of the forthcoming convention of the American Bankers Aesociation to be held in New York city next October 2 to 8 and while it has often been claimed that the metropolis is too big, the commistee on arrangements declares that it will become like a small town when the conclave is ready to start. For the first time in the history of the city the homes of some of the most prominent women will he thrown open to the woman guests of the convention. In all thirty-five houses have been offered, and Mrs Dwight W. Morrow, chairman of the Wwomen's reception committee, which has this feature of the program in charge, says the New York women will feel it a distinct privilege to entertain the out-of-town women, and are looking forward with keen in- terest to the event. The entertainment will be in the form of a luncheon served simul- taneously in all of the homes and Thursday. October 5. which will be known as Hostess day. has been se- lected as the day for the event It is expected 3,000 out-of-town women will be entertained at thess lunch- s, all of which wi by_Louis Sherry. e dmcinna pecially engraved invitations will be sent o the bankers' wives and guests who have already registered for the convention. Inasmuch as many women will register too late to afford the committee an opportunity to send invitations to their homes. one of the luncheons will be served for these late-comers at the Museum of Natural History, with Mrs, A Perry Osborn. daughter-in-law of Prof. Henry Fairfield Osborn, presi- dent of the museum, as hostess, Later in the afternoon a receiving commit- tee will welcome the guests at the letropolitan Museum of Art. Mrs Willlam Woodward and Mrs. Harold L Pratt have been active in assisi- | | ing Mrs. Morrow in arranging for !gheue luncheons. at which the fojlow. ing ladies will be hostesses: Mm Charles B. Alexander, Robert Baco George F. Baker, ir.. Walter P. Biies. James A. Burden. Joseph H. Choate, ir.. Joseph E. Davis, Edward C. Dela- field, Walter Douglas, William Pier- fon ' Hamilton, John Henry Ham- mond. J. Horace Hammond, E. H Harriman, Walter B. James, Otto H Kahn, Alvin 'W. Krech, Thomas W |Lamont, Gates W. McGarrah, Wil liam Fellowes Morgan, Dwight W Morrow. Grayson M. P. Murph: {Acosta 'Nichols. Charles D. Norton, [A. Perry Osborn, Frederic D. Philips, Harold 1. Pratt, John T. Pratt, White- law Reid. John D. Rockefeller. ir.. W Emlen Roosevelt. Willard D. Straight, Carll Tucker. Felix M. Warburg. George Whitney and Payne Whitney. Washington Stock Exchange RALES. Capital Traction 5s—8500 . 08%. $1.000 a1 Bs. 31000 ae wk e " Washington Rajlwas and Electric 45—8$1,000 llpz;i. ".fl(lll: at $1.000 at 75, tomac Electri . 53, 10000 \15&.(‘ ric cons. 55—$1.000 at 9% Ny Real Estate Title Insurance—1 at 108, AFTER CALL. Washington Railway and Electric pra.— 19 6. 2 at 76, Lanston Monotspe—5 at 81. Picorance—6i0 at 5. jLanston Monotspe—10 at £1. 5 at 51 5 a | i at | Cotumbia Title Money—Call loans, 586 per ceat. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Amercan Tel. and Telga. 4« | i i { American Tel. and Telga. §i2¢ Am. Tel. and Tel. ctl. tr. 55 A d Tel. conr. G al Traction R and Suburban Ss. Georgetown Gas 15t 5». Metropolitan R. R. 5s... Potomac Electric 1st 5 Potomac Electric con: Potomac Electric deb. 6s .. . Potomac Elec. Power g. mn. 68 Pot. Elec. Pow. g. m. & ref. ] { city Wach.. Alex. & Mt. 5s. Wash.. Balt An. Washington £ Washington Tigs. ool Washington Rwr. and Elec. ix Wash. Rwy. and Elec. g. m. 6s. i MISCELLANEOUS. | Rigzs Realty 5s (long) . 82 Riges Realty 5s (short). .... R { Security Storage & Safe Dep. 8 95 ’wc A Cold Storage 3. 5 STOCKS. ! PUBLIC UTILITY. | American Tel. and Telga....... 120% i Traction i District Farmers and Mechani American Security and Trust Continental Trust . Savings an Union Trust .. Washington Loan and Trust SAVINGS BANK. U. S. Savinzs ‘Washington Mechanics* FIRE INSURANCE, American Firemen" en’s . National Unfon . y TITLE INSURAN Columbia _Title Real Estate .. : MISCELLANEOUS. Columbia Graphophone com.... Columbia Graphophone pfd Merchants’ Traus. and Mergenthaler Linotype 0ld Dutch Market cor 01d Dutch Market pfd Lanston Monotype . 5 105 Security Storage ... Washington Market . Yeliow Cab .. CARLOT MOVEMENTS GAIN. CHICAGO, August 17.—Notwithstand- ing the rail strike, the carlot movement of the fourteen leading fruits and vege- tables shows a big increase, ‘“‘3”"5 to a statement issued here by Unit States bureau of agricuitural economics, Increase amounted to nearly 3.000 cars loads during week-ended August 12, Potatoes al eaches showed heaviest gains. Cantelotipes, watermelons a=~4 f~ denominations to replace silver cer-- decreased in volusss /