Evening Star Newspaper, September 23, 1922, Page 19

THE EVENING STAR, WASHINGTON, 'D. C, e House of Pel By LOUIS TRACY. (Copyright, 1922, by Edward J. Clode.) Synopsis. Tn the home of Anthony van Cortland, on 5th avenue, the maid and lutler find all the guests, after o meeting of the Ace Club, intoxicated. The butler, after being notifed by the mald, visits the room, and one of his first discoverles Is the fact that a goldfish in a globe I3 dead. The odor in the room is not of any liquor known to the butier. After a quick fnvesti- gation, he sends the mald for the chauffeur, then decides to find a policeman. At the door Jie meets a young man about to press the electric button. The visitor Is recognized ay Capt. Stuart, & cavalry officer, who had an engagement fdp a morning ride with vau Cortland. When told that his host is dead and others of the party unconscious, he regards the butler with suspicion, but accompanles him to the upper room. ‘They prepare for an investigation. Capt. up his friend Winter of the detective bureau and is = ferred to Furneaux, an assistant, who lives near. When Furnedux arrives oo the scene, he expresses bis approval of the steps taken by Brown, the butler, and takes rhlrge‘of p:u‘eed- ings. He summons Dr. Bright, after concluding that van Cortiand has been solsonst [ O then sends Capt. Stuart 10 notify Miss Mary Dixon, van Cortlaud's flancee, aud as! 4 fo1 o on the way and send word to the police. Stuart is received at her apartment by Miss Dixon. “Has the maid been mistaken?” she said. “Do you really want to sce me, Capt. Stuart?” “Yes, if you are M “Y-yes, in a sens o Stuart’s utterance scunded labored an e Three times in less than twenty minutes he had almost st‘;l;mmeie‘ikil:;, who could make himself heard by a squadron at t.lle gal zxg.the uusc. however, the girl was so obsessed by her own notion as e of his presence that she did not grasp his ob;:lgus :mw g i as v “ortland's actual deputy. admit that he was Anthony van (_orl_ actual . «Is there anything the matter with Willie?” she demanded rathe! ss Mary Dixon?" out of time in his own ears. breathlessly ::x'\cl}m.\lv brother. of course. He has not been home, but we know he v A .Ilifltc::::gh'! * Your brother is all right. In fact, 1 “Oh, I see. Yes ) have heard nothing about him. dises vou mean he was not there: A 1 A ”(Oy.!l‘x’;. I'm very sorry to appear so stup&g Miss Dixon, but the fact is I hardly know how to explain my errand. “But, please, what is it?” ¥ Namr::ll in the m"‘mon%'ha"g at th!_a:hheu?;o(:‘(‘ 'Jv';"fi:fl"é%ezf“:fi was not invited to be seated. e door o e o Was W, e e 2 asy ief housemaid was listening h he had an wneasy, belel M rned by her young mistress to remain there. Nor could he attempt to Dixon's disquiet by an anable wrin, though, in his positive distress, he did think of that vety tLA% ST he had to say something, and, making a‘splgler y decision, he broke out, with what seemed to his own censorious ju gmen brusquetiess: - earer of bad news. Will you ask your mother to join 5 dead eight years.” . My dear mother has been dead eig T perspinas you My mothe Sluir('; face and neck were promptly bathed in a vil is wretched tidings had to be told somehow. . "I’llse‘:: ‘,l}o\;;icv: me,” he said. “I am only trying to predp?'_e )dou jor a great shock. Mr. van CortLand_, wh}o‘_ was my very good friend— aps v ‘e heard him speak of me? P Ditons Tips quivered, She merely shook her head, and he regarded it as a bad sign that she could not trust her speech. | “Well,” he went on, deliberately sinking his eyes, t cvugl B ang himself to keep very much on the aler!,&f s_h: g;\;ov:’asz CDV‘::?) eceo‘ylla“d i faint, “there has been a tragedy 1 s Sl 0 tr:lxlst‘“h:veullx‘een taken gravely ill during the night. This morning he was—found dead.” | “Anthony van Courtland dead!” e «Yes. CAm idle chance brought me into the sad position of hanr:gfit‘(; convey to vou this awful happening. I cannot tell you how ,_YCEEYIC bithe cause of my presence here, no less than the tactless way in whis carried out a dreadful mission.” Yet, though he now had comman tion. d of himself, and was greatly ;c- it ixon': i yi hysteria, he was aware also lieved by Mary Dixon’s failure to yield to g v B found astonishment at her attitude. He was heart whole and fancy free, having devoted eight years of his life to hus_pr?dei‘snon an to mothing else, but it was not, in such wise that he would have pic- tured a young and beautiful woman receiving the news of her lover’s death, practically on the eve of marriage. f s e “Are vou quite sure he is dead? . . Each word came in a slow staccato which gave sudden warning that the girl's composure was unnatural. He walked forward and caught her arm. . . A “Won' i 'n, Miss Dixon?” he said gently. 5 ‘\'\u?“u‘oly‘;zuoii:;i ({g“scrcam. or faint, if that is what you ielar, fshn murmured. But she obeyed him and sank into a chair, burylnfi lelr( ace in_her hands and leaning forward until her elbows rested on her ?ees. ~ “W-was he murdered?” came the most unexpected question rma‘ tremulous lips. It w]ail (}l‘l'c last t{:lmg in the world that Stuart expecte it s im greal 4 2 hi?rhgn.:lo? o ow e died,” he said. “No doctor had examined him when I left the house. - I was sent here by the police. “By the police!” she repeated, under her breath. 2 “Yes. In fact, it was I who had to summon them. The circum- stances are strange, almost beyond belief. Do you think you can bear to hear what occurred?” “Oh, yes. Please tell rl:m .“ 101 And—and—sit over there, will your ¥ i i Sh:w s weeping now, but not with the frenzied grief of a distraught reit of her promised mate. Rather did she convey to Stuart’s .f:;iera[:'ul‘;ieneperceptiolya certain hopelessness, an uue,r misery, a be;mmb- ing of the faculties. Was this how love would act? the man cou d not avoid asking himself. He would hardly have known that tears were welling from her eyes if he had not seen them dropping between her fingers. Indeed, he realized that the little gesture wit| which she indi- cated a chair whence he would view her in profile betrayed a desire that he would not sce she had yielded to feminine weakness even thus far. In slow, cautious words he described the incidents which led up to his presence at that moment. Underlying the recital was a feeling of surprise that he had so much to say. It was hardly credible, he thought, that so many tragic details should have crammed themselves into so short a time, as barely half an hour had elapsed since he hurried up the steps of the van Cortland mansion with no more serious purpose in life than a joyous gallop, in Central Park. The girl did not interrupt. She merely listened. When he made an end she brushed her eyes with her hands and raised her head, but did not look at her visitor. “You do not know my-brother?” she said, and again Stuart was frankly amazed that there should be no reference to Anthony van Corfl‘a\?d.’ & e “No.” he replied. . “Yet, he is yhem He is one of those foolish boys. Will you do me assumption as to the domestic plan of attack if he proved a barefaced Please see that he gets home safely.” Stuart took this as a dismissal. He rose. : . “I'll do my best,” he said. "0§ course, you realize that the police in charge of this sad business?” : i “Oh, yeg, ye: . But poor Willie did not kill his friend.” It was on the tip of his tongue to ask why she insisted that van Cortland’s death was not due to natural causes—to that mysterious orizn the heart, for instance, which is so little understood by laymen th people are supposed to drop dead from its sudden failure without having given the least premonitory sign of disease during life. But he was too glad to escape from an ordeal withiout prolonging it by questions. “Won't you let me call your maid before I go?” he said. “Catherine!” said the girl, raising her voice ever so slightly. “Yes, miss,” came the quick response. Stuart had been right in his mssumption as to the domestic plan of attack if he proved a bare-faced Jnterloper. : “Please ring for the elevator. ... Goodbye, Captain Stuart. gmore obliged to vou than I can tell you now.” 3 As he went out he saw that her head was again bent, but she was Eo longer crying. Her wan cheeks were puckered by the pressure of I must know the facts before—please tell me. I am er clenched. fists. She was thinking deeply. Of what? he wondered. {e believed, though he could give no reason for the belief, that she was far from being crushed by the tragedy which had come into her young jife. She suffered, but her distress was for others rather thaggfor her own loss. He found the chauffeur munching an apple, and the sight brought a sharp reminder that he was hungry. If, as was highly probable, he might have other work to do that morning, he must certainly eat. “Morrison,” he said, “like me, I suppose, you have had no breakfast?” “That’s right, sir,” said the man. “Well drive to some restaurant, where you can park your car for a few minutes, and we'll attend to the commissariat.”” “The nearest hotel, sir?” “No. There's half a dozen places on 6th avenue where we can be served more quickly than in a hotel.” Within very few minutes the two were supplied with coffee and eggs. They faced each other across a small table covered with white Italian cloth. Morrison was busy with a grapefruit for a little while. Then while stirring his coffee, he Jooked at Stuart anxiously. “Is there anything wrong at the house, sir?” he said. “Why do you ask?” was the non-committal answer. “I dunno, sir. Marie, the parlor maid, said there’d bin some queer 's upstair 5 9 ¥ “yothi'ng unusual, is there, in a set of boys indulging in a wild night?” z £ “No, sir. But they've never bin as bad as this, except one week end in Paris.” “What? Were you there, too? . “Yes, sir. I drove Mr van Cortland’s car all the time. I piped you once or twice, at Ciro’s, an’ one hot night at the Acacia. “Did you, by gad? Well, don’t tell anybody about the Acacia. I had an awful head next morning, and said, ‘Oui, ma cherie,” when the briga- dier wanted to know if there was a train for the front at 11 o’clock. The_chauffeur smiled, for he, too, had been one of the American Army of Occupation, as the Parisians described-the A. E. F. during a certain phase of the war—in fact, had fought valiantly in the second battle of the Cafe de la Paix. But, for all that, he avoided the red herring drawn across the trail of current events.- 5 “It’s a y Miss Dixon didn’t marry Mr. Coleman when he kem hack” he said.” “She’s fine young lady, an’ she'd ha’ kep’ him straight. I don’t believe she ever really fancigd (To Be Continued Tomorrow.) doi; Rut, there! Wimmen are queer. Tim,” 2 He | at ;& Beware of Widows and Orphans. DIMINUTIVE woman cream-lace evening frock shut in a the nursey in the Leland house and peered over the hall banisters. Her father's dinner guests had arrived; In- deed, they had been waiting several minutes for her. She looked very youthful and pretty as she descended the broad stairway. Her bronze curls were piled high with o wide Spanish comb tucked deftly beside her left ear, her eye-lashes were still moist with tears and her brown eves shone brilliantly. For she had been listening to her small daughter' prayers and holding her sleeping son’ chubby hand. husky-sweet little voice was still ring ing in her young mother's ears. It scemed ages and ages to that mother since she had seen Ricky's and Dicky's *daddy boy,” though it was really less than a month. And it seemed incredible to her that her John could go on king no effort to soe her or write to her. But she pulled herself together be- fore she greeted her father's guests She slipped to his_side, letting her arm slide through his. and extended her hand gravely to the busom Mrs. T kept everybody waiting,’™ sweetly, “but you can’t think what story-beggars my twins are at bedtime. \ The widow presented her nephew. Mr. Allen. Merriam took an _fllogical, but instant dislike to him and greeted him with a_cool nod. Richard Slocum was standing back of him. He took Merry's cold little hand in his. *“So you are the surprise your dad he said quietly. “I hadn't a remote idea you would still be upstate.” _“Or you wouldn't have come?’ Mer- riam asked sau as she turned to welcome the last arrival. “Or he wouldn't have stayed away till now,” the late arrival's voice taunted. When her father had suggested add- ing this guest to his impromptu party, Merriam had protested. For she always been con: s that Sarah thoroughly disapproved of her. Sarah was at least ten years older than Mer- riam, but she was not yet married. “And she seems very lonely since her mother died.” Merriam's father had overruled his daughter’s protest “She has had me there for two din ner purties since I came home, and I've never really had any opportunity until tonight to entertain her.” The dinner table looked charming, for Merry’s deft fingers had arranged late delphiniums in a white Wedge- wood bowl and placed unshaded, tall orange candles in the wide-branching silver candelabra. They made lovely light for her fresh beauty, but they were not so kindly to the double-chinned widow and the far- too-thin Sarah. It was not an excit- ing party; indeed, it somewhat drag- ged, though the host tried his best. But his daughter sat almost silent SECURITY VALUES ' SUFFER SETBACK Quotations of Week Strong- ly Influenced by Turkish “War Scare.” By the Associated Press. NEW YORK, September 23.—Quoted security values sustained a sharp set- back this week, when professional short Mterests forced a readjustment of the stock market's weakened technical po- sition. The Turkish *“war scare” was used as the excuse for Monday's severe reaction, while the calling of loans and the marking up of the call rate to 6 per cent furnished the Impetus for Thursday's decline, the mnet losses in standard shares ranging from 1 to 3 points, The course of the market indicated that the long period of speculative buy- ing had developed an overbought condi- tion, and that there had heen a tendency to overdiscount all tne bullish develop- ments in sight. Consequently, short in- terests had little difficuity in uncover- ing weak spots, but the selling pro- ceeded in an orderly fashion, and at no time was the market swamped with offerings, good buying support being in evidence slightly below current levels. Domestic Trade Encouraging. Domestic news developments con- tinued to be of an encouraging nature. tinued to go higher, and there was & steady increase {n production in the iron and steel industry, despite the rising tendency of prices. Further evidence of the moderate revival of business was reflected in the enlargement country’s credit requirements, em showing an increase of nearl. 1 $37.000,000 in rediscounts. ¥ August motor car production ap- proached to within a few thousand of the record in June, which was the banner month in_the history of the industry. September orders show the usual seasonal falling off, but the cut in prices of several of 'the popular models is expected to result in fur- ther orders. Seasonal dullness also | is making itself felt in the building trades. Commodity prices, as a rule, are tending upward, one of the fea- tures of the week being the further increase in kerosene prices, both for home consumption and export. Large Sums for Investment. Indications that large sums of morey still are available for invest- ment were seen in the ease with which several bond offerings of the week were dispesed of. Call money rates fluctuated from 4 to G per cent, the latter rate being recorded on Thursday afternoon for the first time since last February. However, this rate is regarded as temporary and was brought about by the combination of withdrawals by {interior banks for the financing of crop movements and the demands of local importers, who hastened to get their merchandise out of bond in or- der to get the benefit of the lower tariff rates. A firmer tendency also was noted in rates for time money and commercial paper. Foreign Exchanges Reactionary. ° Foreign exchanges were reactionary in_response to the uncertainty of de- velopments in_the near-east and heavy offerings of commercial bills against export shipment. Demand sterling was quoted at least a cent below last week’s figures, and corresponding de- creases took place in the continental rates, German marks held fairly steady around the rate of 7 cents a hundred, despite another increase of 19,000,000,000 in circulation, & raising of the discount rate to 8 per cent and the announcement that the note circu- lation would be increased 7,000,000 marks daily in order to meet the cur- zent shortage. —_— STRIKERS RESUME WORK. ROCHESTER, N. Y., September 23.— Four hundred striking shopmen of the New York Contral system have greed to return to work under the terms of the Baltimore settlement, union and raflroad officials an- aounced, The Wife Who Wouldn’t Settle Down! - A Sequel to “Brides Will Be Brides” By Lucille, Van Slyke door softly on the old | “And bless my daddy boy," Rlcky'sJ Car loadings of revenue freight con-| of thel the ed S Weekly statement of the federal feserve | Rubber preferred carrfed with it the | nceounts o the individual surplus rer between the talkative Mr. Allen and Richard, who was confining his at- tentions almost entirely to the ma- ture widow. But after dinner, when the others | had settled themsélves at a bridge table, Richard sirolled over to Mer- rlam’s side. There was nothing marked about’ their tete-a-tete; deed Merriam said little, her fingers were busy with a basketful of wee socks, She bent gravely over her homely task, asking the most casual questions about the Blaisdell family, whom Richard had recently visited. ! But the sharp-eved Sarah was & hard not to fidget under her gaze. For Sarah kflew very well that Rich- ard had been an unsuccessful suitor for Merriam's hand. L In a sudden, defiant mood, Merriam lifted her dark ey [ “Want to ride a while, Rich?" she asked, so loudly that the others could not hélp hearing. He acquliesced. She caught up a sweater from the hall bench, slipped it over her frock, called a casual adieu to the bridse players, and stepped out through the idé door to lead the way to the oid stables that her father used for a garage. She was joking lightly about her car and the absurd way she had acquired it. But to his surprise she | motioned for him to take the wheel. “I'm just ‘all in’ tonight, Rich" she confessed. “Too much giddy- addying has me just witchety. I uldn’t stand Sarah’s snoopely £aze a minute longer. “But, of cours: u know.” he said, somewhat tactl rah will tell world tomorrow the that you took me riding" “Poof!" she said. “Who cares what Sarah Or that cushiony old ! Only, Rich, that's what I wanted to talk about—those two and one or two others. she man- aged to laugh. widow and orphan in this town has her hoo out to nab my dear old daddy. You see, Aunt Alice has oft on one of her tantrun poor old Peter is about done for, and they all take such a ‘kindly' interest in my dear old dad! The ake me sic “I guess the old ard laughed. “H had practice at fending ‘cm off! and orphans, as you call pursued him long before th “But this Rayner one is per- | sistentl” Merriam sighed. “And she makes herself so very agreeable! Pretending all the time to love me {and the twins, and that she's here to see us!' She’s'in and out of the house two or three times a day, and giving a big dinner dance for me tomorrow night, and dad is such a goose that he thinks she is just being nice be- cause I'm visiting him.” He didn’t answer her for a moment. And when he did it was with arather tling question. Are vou just visiting him?" asked, almost roughly. he (Copyrigl (Continued in Monda: s Star.) RALLYINSTOCKS ON LIGHT TRADING sponsible—Prices Make Fair Recoveries. BY STUART P. WEST. By Special Leased Wire to The Sta NEW YORK, September 23.—With a | clearer understanding of just what had happened at the Dardanelles, both security and commodity markets to- day took a brighter view of the Turk- sh situation. Stocks as a rule went higher and foreign government ,bonds were steady. Wheat options broke sharp- |1y, while cotton advanced. The for- {elgn exchanges, while not varving ¢mueh, showed some improvement. ! The entirc movemcnt of the day was an exact reversal of the ten- dencies exhibited last Monday and again on Friday, when thege was a suggestion of 4 war scare. Trade Restricted. Trading in stocks and bonds, by comparison with other days, also was quiet. This was due, to a large ex- tent, to the Jewish holiday. There stocks like Studebaker and Baldwin Locomotive, in which the short inter- ests had increased in the result of [ the week's operations. Standard Oil of New Jersey made a new high. ual activities on the buying oped in St. Joseph Lead, evidently the result of the recent advance in the price of the company's product. Shows Rally in Rubber. A sudden upturn in United States suggestion that speculators who had gone short of the stock, counting upon the passing of the dividend, were finding themselves in a very un. comfortable position. Railway shares did little either way. North American. | Earnings’ of the North American Company for the twelve months ended August 31 will be published early next week. It is understood improvement will be shown even over the favorable statement lssued for the vear ended July 31. It is note- worthy that the increase per share in earnings has occured in face of American rights, who have exer Lised these rights recently, thus en- larging the capitalization of the company. Rumors persist that North Amer- ican Company will raise its dividend on the common stock. The figure discussed is $6, or 12 per cent. Gulf ates Steel. i The strength in Gulf States Steel, which has stood out despite the irre- gularity in the rest of the list and partioularly the steel group in the last few days is set down as due directly to buying by a group of Birmingham bankers, who were re- ported to have tne intention of buy- ing every share of Gulf States Steel offered. Gulf States is one of the few steel concerns_with negligible funded debt. Ahcad of the 111,545 shares of com- mon $2.067,800 of preferred. Boml_interest and preferred divi- | dend call for only $154,628 a year and accordingly practically all earn- ings accrue to the common. Since the first of the year earnings have steadily' been increasing and it Is estimated that 1922 wlil show in the neighborhood of $5 a share on com- mon stock. Financial Notes. Oil imports into Great Britain dur- ing the week ending September 18 totaled 20,000,000 imperial gallons. A New York banking concern has purchased a large block of Eastman Kodak Company stock at a private sale and will offer it for public sub- scription next week. From September 1 to 19, excluding Labor day, an average of 5446 cars of bituminous coal were loaded daily on Pennsylvania lines. This was 1,675 cars more than were loaded in the same period of 1921. Other Financial News on Page 20 in- | watching them, and Merriam was try- | was a bit embarrassed as he; { Which to meet installments of the in- demnit Jewish Holiday Partially Re- ! | ernment s some further covering in | the action of many holders of North | is only $176,000 of bonds and ) STIRRING EVENTS INFLUENCE MARKET Financial Interests Affected Partly by Threatened Clash " Over Dardanelles. {OTHER FOREIGN ISSUES Increase of Industrial Activity in H U. S. Also a Factor of i the Week. BY STUART P. WES i Special Correspondent of The Star. (Copyright, 1 by The Star.) NEW YORK, September 23.—The chief events of the past week bearing lupon the financial markets were the jthreatencd clash between British and Turks at the Dardanelles, the adjust- iment of the dispute between Ger- many and Belgium over the deferred 'rerparations payments, the- increase ;uf mill and factory production fol- jlowing the settlement of the coal strikes and the virtual settlement of i the railway shopmen's strike and ;the |moderate raising of money rates. Whatever may be the outcome of the Turkish crists, its immediate ef- {fects have been beneficial to the {American farmer. The wheat market, turning from its prolonged decline, has had a recovery of approximately 10 cents a bushel. This has been a 1D to business sentiment in the t. even though it is not sure to { be lasting. Has Steadying Effect. The arrangement under which Ger- man gold and securities are to be I with the bank of England as guarantee for the six months' treasury notes issued to Belgium in u of cash, has had a steadying ef- ect upon the German mark despite the continued outpour of new paper king opinion, however, on this subject, and nat- With German printing ses turning out paper marks at he rate of over two and one-half biil- lions a day, no respite in the indem- cail for long to depreciation. The only way German currency can i be stabilized is for the note increas be stopped, and this can only hap- hen a hait is called upon the extra nt borrowing now going on by the German government and by commercial interests, which, owing to {the great rise in prices, require con- lslanl v increasing credits. German Dixcount Rate Rines. The reichsbank has sought to meet 0. the emergency by &till another a vance in its rate of discount. This rate, which up to the end of July stood at 5 per cent, now stands at™s. The tical significance of this is that along with the increase in every dire one up, the price of credit But whether this i too. 1 of the official discount charge { to the highest on record will have { the desired effect of checking the ex- pansion in loan accounts, is alto- gether doubtful. { German business men, who saw | their Tiving costs go up ‘over $0 per {eent in a single month of August {are not likely to balk at paying § per cent for their money when they used to pay 5. The main trouble has been the necessily of the German government to raise funds for the purchhise of forcizn currencies, with Tn the last ten days of Au- one treasury bills presented - count at the reichsbank sounted to the terrific sum of 18, 000,000,000 marks. 1f. as the result of the postponement of further cash payments, a stop is put to this gov- horrow. the German financial situation might take a turn for the better. The next week or so will tell the stor; Drop in American Exports. Our total merchandise exports for August were only $302.000,000, the smallest of any month this year with the exception of January and Febru- ary, and $65.000,000 less than those of AUgUSt & vear #go, when the domestic trade collapse was at its worst. These figures have shown decisively that the recovery of the lust twelve months in home industry has brought no re- sponse in the foreign commerce, and until there is an improvement in this quarter there can be nothing in the nature of a trade boom. American in- dustry can get along fairly well rely- | ing upon the domestic market alone, but there has never been an era of | areat prosperity in this country with- out an active and profitable foreign trade. No Money Strain Indicated. The advance in call money to 6 per cent and the slight hardening of quo- {tations for time loans are a reflex of the seasonal demands for money in | the crop districts, but they do mot ggest anything resembling a strain, Prom the banking viewpoint a 6 per cent money rate through the autumn months is altogether healthy and de- irable. At any time interior bank withdrawals press too hard, extra credit could be immediately obtained through use of the rediscount privi- ilom- at the federal reserve banks. { Under present-day conditions the real criterion of money-market condi- tions is not the individual bank loan serves, but the movement of federal jreserve bill holdings. The increase in this item from the very lowest of the year is only $51,000,000. most of which occurred within the last week. The present total of bills discounted by the federal bank at the Instance of mem- ber banks i3 $423.000,000, as against more than $3,000,000,000 in the early part of 1920 These comparisons bear witness to | how very slight the pressure of the agricultural demands has thus far been, and illistrate also the immense potentialities for credit expansion which lie in the present position of the federal reserve institutions should@ actual necd arise. Stock Market Reacts. The effect of the higher money rates is, no doubt, accountable to some ex- tent for the check which has become more pronounced upon the advancing tendency of investment securities. The speculative stock market has paid at- tention to outside affairs only a®®these have fitted in with its own Interior re- adjustment. After two months of al- most_uninterrupted advance, during which individual values were pushed ahead pretty fast and far, the market has had the inevitable reaction. In the belief of many good observers, it is a lull like that which occurred in June, between two periods of active speculation, this belief being based upon the expectation that the markets | ‘lla\'c no ness t yet discounted the good busi- ar which is commonly looked | 1 ay- $ able. Brooklyn Trust Co, a, 6 Oct. 2 Gorn Prod Ref Co. ex oct. 20! Corn Prod Ref Co, q. § oct. 20! Corn Pr Ret Co pf, q, $1. Oct. 14 “olumbia_Trust Co, q. 4%.8e) Sept. 30 1l Dank, - = % Lawyers Mtge Co, H Michigan Gas-Elec Co, prior lien, q, $1.15. -Sept. 30 Oct. 15 Michigan 'Gas-Elec Co, Df, q, $1.50 . "Sept. 30 Oct. 20 Mutual Bank, q. $5 . 2 Northern States Power Co, pf, a, $1.75... "Sept. 30 Not States Power Co, q, $2.8ept. 30 Union Natural Corp, Pf, 4, . Sept. 30 PRICE OF LEAD ADVANCED. NEW YORK, September 23.—The American _Sméiting and Refining Company has advanced the price of Tead from 6.10° to 6.25 cents per pound. - SATURDAY, SEPTEMBER 23, 19 i the semi-annuai FINANCIAL, ~ BUILDING BOOM IN U. S. LIKELY -SOON TO REACH HIGHEST POINT ' No Anticipated, But Immediate Decrease . in Projects Gradual Declige Expected as Winter Approaches. BY J. C. ROYLE. Special Correspondent of The Star. (Copyright, 1922.) NEW YORK, September 23.—The building boom in the United States will reach its peak in the next week. This does not mean that there will be a heavy falling off in bullding operations after that time. Building projects will be undertaken In tremendous numbers throughout the country for the re- mainder of the year. But operations for the next three months will be on a diminishing instead of an increasing scale. The reasons for this situation are plainly apparent from business dis- patches received from varlous sections of the country within the last twenty- four hours. First, all except a minor portion of the buiiding construction of the United States is done on borrowed capital. Money rates have hardened perceptibly in the last two weeks. This is not a reflection of uneasiness on the patt of banks about building, but it is due to the demand for money for crop movements, for the payment of dutles on foreign goods in bond and to the needs for capital entailed by industrial expansion. Winter Weather a Factor. Another factor of utmost importance in every section of the country is the approach of winter weather. Construc- tion will be rushed within the next few days in order to get present structures under roof so that interior work may proceed during the cold weather. But new projects will be held in abeyance until the opening of spring. A third factor in the situation is scarcity and high price of materials. Producers of building materials have had to go into the open market for labor and pay correspondingly high prices for it. Costs of production have increased and while advances have not been reflected to consumers in corresponding degree, they are becoming more and -more apparent daily. The shortage of skilled labor in the building trades has been one of the problems which has faced build- ing contractors for months. Carpen- ters, plumbers, plasterers, bricklay- ers,’ masons, electricians and other skilled artisans are being offered from §9 to $13 a day for their services. They are being provided with free transportation and house rent in an effort to lure them to other localities. Transportation Lacking. Lack of transportation facilitigs has entered forcibly into the calcula- tion of builders. Not only have they been unable to secure shipments of materials, but they have been forced to keep high-priced workmen on the pay Tolls though idle to prevent losing them. Costs, taken in conjunction with the interest rate on funds to finance the operations, have approached a point where prospective builders are halting plans until transportation, credit and labor conditions readjust themselves. The principal reduction will be in dwellings, just as the prin- cipal actlvity has been in homes for families. The first check to opera- tions is reported in-dispatches from the central states and the northwest. In those localities the housing needs| are less imperative. Housing Shortage Continues. Housing facilities are still far be- low the needs. But the actual extent of the shortage will not become fully apparent untfl after October 1, when renting season is over. New building within the last vear has made a tremendous imbres- ion on the housing situation. Rents have not come down materially. It is doubtful if they will be reduced after October 1, although apartments in many eastern and middle west cities will be vacant. Other induce- ments, however, will be offered after that date which will be equivalent to material reductions, such as giv- ing new tenants and those who renew leases one to two months' rent free. Pacific Freight Rate on Manila Hemp Jumps BY WALTER J. ROBB. By Wireless to The Star and Chicago Daily News. Copyright, 1 MANILA, September 23.—The Pa- cific ocean rate on Manila hemp was raised from $1 a bale to $1.25 by the action of steamship agents here today. Opinion among shipping men is divided, as to the effect which the increase will have on Americal shipping. g Capt. H. L. Heath, a big exporter of hemp, anticipates loss of tonnage to American vessels because, he says, hemps are used chiefly in the eastern United States, and the rate by the all-water route to New York on which British ships ply chiefly would lower by half a cent 4 pound than the rate by water to Pacific_coast ports and thence by rail to the eastern states. Agents of the American ships ex- press confidence, however, that they will continue to secure the maximum share of export tonnage from the ships, in spite of any increases in rate: Reports on Commodities ° From Business Centers NILES, Ohio, September 23 (Special). —The Brierhill Stee Company _will spend $1,000,000 remodeling its plant here. The plant’s capacity will be en- darged 25 per cent. Steel. PITTSBURGH, September 23 (Spe- | ctal).—Jones & Laughlin today are operating eight of their twelve blast furnaces. Asphalt. NEW ORLEANS, September 23 (Spe- cial).—This city has just let a con- tract for $3,000,000 worth of paving. The state and the separate parishes of Louisiana today have 750 milles of hard surface roads under construc- tion. Dry Goods. CHICAGO, September 23 (Special).— Buyers in large numbers have flocked to the Chicago wholesale market and trading today showed much activity. Prices in all lines are firm, with ad- vances in some constructions. Higher prices for percales are expected when lists are out for spring lines. Coal. SEATTLE, September 23 (Special).— Production of coal in the Washington mines is slowing down. The return of mine workers after the strike in- creased output to a point which more than covers local market demand. There will be no shortage of coal in the north Pacific coast cities this winter, according to the coal company managers today. e . Bullding Material. ATLANTA, September 23 -(Special). —Building materials today have a tendency toward higher prices, but the demand continues to be ‘strong and healthy. Lumber. 'BEMIDJI, Minn., September: 23 (Spe- cial).—More than 40,000,000 feet of birch lumber -is available here today for the hardwood plant shortly to be opened by the Minnesota Assoclated Lumber Company. THe plant will In- volve an initial investment of $500,000. KANSAS CITY, September 23 (Spe- cial).—Housewives are going to pay :more for brooms. The hot dry weather during July and August almost de- stroyed the ‘breom corn crop. There has been an advance of $20 a ton.in broom corn prices in the last two weeks. Grain. BUFFALO, September 23 (Special). —Receipts of grain by boat at Buffalo are far ahead of the total for a corre- sponding period of last year and the movement” was expected today to be very large owing to the heavy crop. Business Topics. SEATTLE, September 23 (Special).— All shippers of north Pacific coast products are preparing today for an acute shortage in the next few months. This may help Shipping Board steamships operated by private corporations in intercoastal trade through the Panama canal. NEW ORLEANS, September 23 (Spe- cial).—Foreign commerce to this port sofar this year has been in excess of the corresponding period of 1921 and is_expected to better the record of 1920, which was the best vear in the history of New Orleans. In that year { imports and exports totaled 10,700,000 ons. ALEXANDRIA. ALEXANDRIA, Va, September 23 (Special).—Householders are rejo) Ing over the prospect of the installa- tion of a speedy system for the rol- lection of garbage and trash, which Wwas presented to the new city council Thureday and which undoubtedly will be adopted by that body at an ad- journed meeting Thursday afternoon. Under the provisions of the new system complaints regarding the fail- ure to collect either garbage or trash will be attended to within two hours after the complaints are received. Under the provisions of the ordi- nance providing for this work a man in a roadster, with a small delivery [ 19 SEEKS MISSING SON. Michigan Woman Reports Disap- pearance of Corp. Long. Corp. Laverne Harold Long, twenty- nine years old, a shell shocked soi- dier, who served saventeen montits in the air service overseas, di ed from Saginaw, Mich., in Jul where he had been taken for menta! treatment. His mother, Mrs. Cora ©. Long, is in Washington endeavoring to find him. Mrs. Long, who can be reached through the Traveler's Aid Society at the Union Station, stated her son weights about 150 pounds, is five feet eleven inches tall and has brown hair and eyes. He has a scar across the nose and walks with a slight Jimp _ STEAMSHIPS. SOUTH AFRICA UNION CAb;TLE LINE For sailings and further information app!y Banderson & Son, Gen. Passenger Agts., 26 Broadway, New York, —_Or Any Steamship Ticket Agenta. Clark’s 3rd Cruise, January 23, 1822, ROUND THE WORLD “EMPRESS of FRANCE" 13,481 Gross To: 4 MONTHS' CRUTSE, $1.000 and up | Imcluding Hotels, Fees. Drives, Guides. et Siark Originated Round the World Cruices Clark's 13th Cruise, February 3, 1923 a2 MEDITERRANEAN “EMPRESS of SCOTLAND'* 25.000 Gross Tozs 65 DAYS' CRUISE. $600 and up Frank C. Clark, Times Building, New York Ober's 8. 5. Agency, 1 Woodward Bldg. { _Fidelity Tourist Co.. 1406 New York ave. USTRALIA HONOLULU. SUVA, NEW ZEALAND | ! Muil Steamers ped (13,500 tons)..Oct. 20. De “NIAGARA™ (20.000 tons) oy Sail from Vancous For fares, 1419 N dian body, will supervise the work. Seven ; s Z lightweight, one-horse carts will be| N. Y.—Plymouth—Havre—Paris ix;zlr;crh::ed. Onlv one man will look SepL s 0k Nor 2 e cart, except ' 2 - o o {the mature of the materiar o be pe- |E0 00t 20 Mox, 33_Sax. 40 |moved may reauire the services of| NEW YORK—HAVRE—-PARIS two men. “Garbage will be collected (La Bourdonnais ... : D m Ilwfca a week by five carts and ashes | Safesette - and trash once a week by two Carts. | yo ecraing J0ct. The following Alexandria Masons La Lorraine .......0c: . 4 retarned yesterday from Detroit. ‘!A Savoie . 3 Dec. 2 Dec. 30 | Mich., where they attended the laving | Roussillon --Oct. 28 Dec. 9 Jan. 13 of the corner stone of the $£5,000,000 |N. Y.—VIGO (Spain)—BORDEAUX Masonic Temple: Charles H. Calla- | han, representing the worshipful mas- ter, and deputy grand master of the | Grand Lodge of Masons in Virginia: J. Edward Shinn, A. C. Moss, R. M. Schooley and George W. Zachary. The Alexandria Masons carried with them to the corner stone laying the Bible, trowel, apron and square used in laying the corner stone of the Cap- itol in 1793 by the local lodge of Masons. The ladies’ auxiliary of the Y. M. C. A. has completed plans for the re- sumption of work for the autumn and winter. The woman's gymnasium class will open October 5 at the! armory, receiving instructions week- | 1y from K. E. Wallace every Thurs- | day. Soon classes will be opened in cook- ing, dressmaking and hasketry. The [sewlnk classes for girls will be re- opened and held every Saturday aft- ! ernoon. The Alexandria German Club has reorganized for the season with the election of these officers: Gardner L. Boothe, 2d. president: Gilbert J. Cox. vice president; William P. Woolls, | secretary and treasurer. George E Warficld, Cameron Roberts, Anderson Somers and J. Randall Caton wc elected members of the board of go ernors. Trustees of the Agunias Achin Con- Izregaunn have purchased from Wil- liam Desmond and wife a lot on the north side of Cameron between Asaph and Pitt streets. The congre- v Niagara . ....Oct. 19 Nov. 23 Dec. 28 ! For full di tails consit the French Line agent in your city or write to The Tidelity Tourist Co.. Generzl Agent { 1406 New York Ave. N.W.. Washington PACIFIC LINE “The Comfort Route™ o SOUTH AMERICA | i nam | i i EBRO ESSEQ | Round % Am The Pacific Steam N SANDERSON & SON, Inc 26 Broadway or local agents 0LLAN AMER:CA LINE gation expects to eventually buiid a Flymouth; DeulopneferMar. 1§ synagogue. The trustees making the 10 purchase included B. Abramson, J. LT Now. 18 Hayman, M. Bennett, M. Locb and A | Oct. 21 ov. 25 Dec. 30 L. Coher. Noordam 28 oo @ O ate : Services were held this morning in the synagogue on North Washington street in observance of Rosh Hasha- They were conducted by Rabbi ed of Cincinnati. ¥ ROCKVILLE. Special Correspondence of The Sta ROCKVILLE, Md., September Reginald Carlisle, a life-long resident of ~ Darnestown ' district, died on Thursday, aged forty vears. He had been il a long time of an affection of the lungs and his death was not unexpected. Surviving him his wife and several children. funeral took place at 11 o'cloc morning - from tho family residence near Darnestown. burial being in the cemetery at Darnestown. For violations of the of the motor vehicle laws of the state, fines and collaterals have been coliected in the police court here within the last da or two as follows: A. L. Wisle, §7 John A: Terry, § A. L. Bridge worch, $7: M. L. Wadsworth, $5.50 William Perry, §5. The Montgomery garage here. the most elaborate establishment of its kind in the county, has been sold b: William C. Bean to Brosius Brother. of Beallsville, this county, for a price sald to be around §$22.000. for the payment of taxes on {owned or harbored in the county—| $1 for a male and $2 for a female— " expires October 1, and Thomas Gott. clerk of the police court. who c the tax. has given notice that a fine | of $25 will be imposed in cach cuse | for failure to pay on or before that | time. To date, about thirty-five such | licenses have been issued. the total in | money amounting to about $4 Frank HIgglns, senior member -.r| {the law firm of Higgins & Robert- son, is critically ill at his home here and hopes of his recovery are about abandoned. He is suffering from: a ! complication of diseases. Lost Gold Mines. The known coast haunts of pirates of old are rich in legends of hidden treasures. There have been written thousands of tales of domineering buccaneers, rum-soaked and blood- [ thirsty followers, and fabulous chests of gold buried with the bodies of the diggers. out annually in search of pirate treas- ure. ne:lars strike out in the western American deserts to reach the mirage of the “lost gold mine.” Following the California gold rush of "4y there has been left a heritage of stories of abandoned, hidden, forgotten and lost gold minés. Some 'stories go back as far as 500 vears to the diggings of ancient tribes in the southwest This gold hunting is a gamble with heavy odds. Occasionally some one wins. A short time ago_the lost gold mine of the Jesuits of Huebabi mis- slon, near Nogales, Ariz, guarded for conturids by “the Old Man of the Mountains,” bling a monk in a cassock, was dis- covered in the desert hills along the Mexican border. It was by the merest chance, however; a slip occurring in the temporary sand hills, revealed the opening leading into extensive under- ground workings. There are numer- ous accounts of the diggings of the Astecs, Toltecs and the Chichimec Indians in the southwast desert., The earth is full’ of gold, and there are those who will always seek it.— Salt Lake City Deseret News, 7 ENCOURAGING. From Life. He Who Is About to Take It Up— Tell me. Mow long does it usually take a man to learn to play golf? He Who Has Given Is Up—Well, for the first five or six months you play a pretty rotten game. After that you grow- gradually - worse. g The ninety davs of grace allowed | dogs { Numerous expeditions set | At the same time scores of pros-| a sentinel rock resem- | i | it timates chicerfully giver CHLER'S, V20 {ew. Pione Nun 1252 {RED BALL TRANSIT CO. SPLCIAL RATES v York, ! b3S | Natioual Househo! 5 | 4 Woodward Bidg lione Main 2162, Mfices in Al Principal Cities, o Moves You Is Just as Important as B 2 Where You Move Phone Main 6800-—Our padded vans 1 experienced and careful men are ¢ at_your service. Storage in cur fireproof furniture o/ warelouse at ressonable rates. ¥ Merchants’ Transfer & Storage Co. 920-922 E Street N.W. Telephone Main 6000 % “ RESORTS. ANTIC CITY, N. J. ST h¥ ATLANTIC CITY { 0 the. B ch Front | § Day rates in_effect until February 1st, 1823 American Plan Entirely. Always Open Single Room, Runnizg Water - - $5.00 Single Room, Private Bath - $6.00 to $7.00 Doudle Room, Runming Water - - $10.00 } || Double Room. Private Bath, $11.00 to $12.00 Double Room, Private Bath. “Ocean Front Corner, $14.00 | J Ownership Management Phone 1455 | S— — - i~ Special September Rates & Fireproof Anne: Cap. 0. e Running Water in fresh vo. LBZRCON Cuthe Windows xereened ot R.B. Ludy, M. D. LEWIS Pacific and Tilinois ave.. close fo beach. Mod ern, newly ated: near churches, stations aud amusements. Ruuning water in_rooms Bathiug_from liote g Syccial fall rat .50 op up weekly oprietor Melrose Hall « Varolina a uropean plan. Spe- attuched. A. SMITH M. ““HOTEL CONTINENTAL Always open. alwass sendy; terms m cial winter rates; cafeier: j— ___VIRGINIA. Black Bass Fishing. North Hill, a Colonial Resort. Near Bluemont, Castleman's Ferry, Va. The iand of sunshine and blue skies with food of milk and hone pancake, ®ld ham and chicken: 1o children, invalids, tuberculars taken: $15 per week: ‘booklet: N MRS, OR MAURICE F. CASTLEMAN, R. ¥. D.’ Castlemans Ferry. HARPERS FEMR SHENANDQAH IN Will Be Open Late. MES. M. L._THOMPNON. __ * HILL TOP HOUSE Bargers Ferrs, W. Va., pow xzrmu Tou will zot regret it. T. 8.