Evening Star Newspaper, September 27, 1922, Page 22

8 3T R NP T R G B A 'm I IINNEHI UNI llllllllmmmmw I = Public appreciation of tne very unusual value of the good Max- well has crystallized into a con- stantly growing demand. In all sections its reliable performance has solidified the confidence first won by its pronounced beauty. Sedem - - - 31335 Compe - - - 31235 Touring Cer- 885 Roadster - - 835 Prices f. 0. b Detreit. Revenue tax to be added H. B. LEARY, JR. 1321-23 14th Street Main 4105 €The Good MAXWELL Where Do You Keep Your Car? Is your car on the street depreciating twice as fast as the cost of garage rent, or are you pa ving some one 30% interest on his garage investment? Why not get a “QUIXET” garage? It is permanent, but portable, can be moved and re-erected without the loss of a bolt: it is rustprooi—rainproof—fireproof. ALL STEEL—NO WOOD Why put your money in the other fellow’s pockets? Call and see our garage in stock or phone for full information. ick delivery and erection assured. Hundreds installed in ashington, D. C. Some of Our Patrons U. 8 Navy Department, U. 8. Dspartment of Agriculture, | Tuberculosis Hospital, Potomao Electrlo Co, Washingtan Electio R. R, Co. Red Cross Society, Washingtor Steel and Ordnance | Co. District Tile and Brick Co., C. H. Small, contractor and builder; M. B. Casey Co.. plumber and steamfitter; H, D. Watts | Co. contractors: Boyle & Robertson, contractors. C. D. Pruden Corporation C. N. Buckland, Agent 5 Mass. Ave. N.W. Phone Franklin 4825 UIXET GARAGES 2222 Q Street N.W. Near Sheridan Circle. Best Location. Front, New Building Large Rooms Attractive Stone- «.....$100 month .......$140, $150, $160 month Weller Construction Company Builders H. L. RUST, Agent 912 Fifteenth Street N.W. A Charming Woman is Healthy Health gives the only true and lasting beauty to the complexion. Perfect di- gestion and assimilation of food are necessary to ensure perfect health. For relieving ailments ‘of the digestive powers —such _ as ess, ©One stipation, sick headaches, flaf 0e— Beecham’s Pills have fin"oven their worth to countless thousands of women for many years past. They are convenient, gentle in action and positive in their ex- cellent results. | Beecham’s = THE News Print Consumption Reaches Rate of 2200000 Tons Annually--Heavy Ad- BY J. C. ROYLE. Special Dispatch to The 5t: NEW YORK, September 27.—Mer- }chants and dealers throughout the advertising. This is especially evi- dent In the dally newspaper advertis- ing field, according to reports receiv- ed by telegraph within the last twenty-four hours from representa- tive cities in all sections of the country. The average increase in the amount of newspaper advertising in twenty-five citles so far this month is from 10 to 12 per cent above the average for September, 1921, and shows a decided increase also over. August, 1922, ‘With higher prices for many com- modities in prospect, merchants are making a strong appeal for the pat- ronage of the country, and there is every indication that they will con- tinue their campaigns to this end. As a result newspapers have been compelled to print larger papers and figures which became available for the first time today show that the consumption of news print paper has reached the rate of 2,200,000 tons an- nuall; Thi rate will be maintained and increased not only throughout the remainder of 1922, but all next year, according to officlals of the American 'New-pnper Publishers’ Assoclation As a result, higher prices for newl rint are in prospect, and figures compiled today Fhow that the paper mills will have one of the best years in their history. Paper Production Grows. Production of news print, which was curtalled for a time by the coal; strike and transportation difficulties, now is approaching capacity. That nroauctlon will be further increased in 1923, both by the addition of new | | plants and adged equipment and by the conversion of machines now mak- § ing wall paper and other grades to | | the manufacture of news print. That increase, however, will not keep pace with demand next year, according to opinfons expressed by representative paper men, who estimate that the increase in'the amount of paper used by existing newspapers next year will Le between 4 and 5 per cent greater than the increase in production. This will make the United States depend- ent for at least a part of its news print supply upon the foreign mills. The foreign papers, as is usual have been the first to feel the ap- proaching shortage. In the last two days bids_have been recelved from Euro- pean publishers of $80.a ton for news print. The Canadian prices for the fourth quarter of this year are not expected to fhow a heavy vance, although they nrnhnb!) will be higher than for the last threc months. Publishers Are Alert. Publishers are moving slowly both in the purchase of spot supplies and STEAMSHIPS, Vacation Tours, $83 Azd Up—Including All Expentes. Longer of a felighttol Alnt Forelen Land lld Wlhr !pcm ser “FORT R VICTORIA™ S. S. “FORT ST. GEORGE" Safing Weds. nnd Sats. Bock Now for Winter and Special B =unur.%%"fijz‘“gfi"fi DA LINE B4 Whitehall St. or wny Tourist Agt. SEPTEMBER OUTINGS to the SEASHORE A DELIGHTFUL SEASON TO VISIT VIRGINIA BEACH Vis Historic Potomac River and Chesapeake Bay. Daily Steamers to Old_Point Comfort and Norfolk, 6:30 P.M, New York and Boston by Sea mfi, Ticket OBN, wn!l'l!fl ‘Bullding, 1 15th St. N.W. NOHFOIK & “AS“IK(-TON STEAMBOAT COMPANY iTwe, January 23 1 ‘ROUND 3 THE WORLD “EMPRESS OF FR. 18,451 Gross Tons NTONTHS" CRE facludlag, Hotelr. ¥ ¢ .ork- mn mpu February 3. 1923 e EIERANEAN 4 LMPRLss or ucmu 18' CRUIS] Obes ency, 1 Woodward Bidx. Piaeiity Tonrtat: Co.) ‘1408 New York vk, Oct. 4-25 Nov. 15 Oct. 11—Nov, commodations and are -nndudl of service, .To Gal *The Atlantic City seached by Mallory Line via Key Oversea Railway. entire country arc increasing thelir Special Sailings of S. S. Comal Sept.-30—0ct. 21—Nov. 11 S.S. Henry R. Mallory New Steamship San Jacinto m oil burning steamers afford a wide range of ac- coastwise travelers for their mwonhy qualities and high “The Mallory Line is the *‘cool, comfortable way” for business men or tourists bound for Galveston or en route to ather points in Texas, Oklahoma, New Mezxico, Arigona or the Pacific Coast. To Key West, The “Ocnn City” Miami, Palm Beacli and other Florida Fast Through Passenger and Freight Service to all Pointsin the Southwest MALL?RYA STEAMSHIP CO. vertising Forced Larger Editions and Increased Sizes of Papers. of commitments for the fourth quar- ter and for next year. ing for production to reach its maxi- mum before entering the market, and in the meantime are making efforts to hold consumption down as far as sTowing advertising demands will permit. Prices for other grades of er than news print are advancing. Emkl in the hands of jobbers and mill agents are lower than they have been tor three years. Dealers and manu- factures handling commercial papers, bag pape; wrapping ers and they were doing a better business than before the war. This demand for commercial papers, they said, is an accurate index of the increase in business activity and of industrial prosperity throughout the country. Chicago Coal Fears Gone; Steel Production Grows BY A. D. WELTON. Special Dispatch to The Star. CHICAGO, September 27.—Fear of llny coal lhoruge in Chicago has pass- ed. There is a shortage of cars at the |m|ne! today, which means that the problem is one of transportation, not production. Prices for steam coal are not strong and buyers are showing no eagerness. Steel production in this district is increasing and it is predicted wiil shortly be b to 70 per cent of ca- pacity. Eight furnaces of the leading producer are now active at Gary, five , At South Chicago and two at Joliet. ‘The leading independent has two fur- naces in operation. There is a strong Inquiry for rails, stimulated by the advance to $43 a ton, effective Octo- ber 1. This Year’s Cotton Crop One of Earliest to Mature BY L V. SHANNON. Special Dispateh to The Star. NEW ORLEANS, September 27.—Re- ports from all the cotton-producing counties in the south compiled today by a leading statistician show that this year's crop is one of the earliest on record to mature, and that it is being picked and ginned with a rapid- ity seldom equaled. The yield almost everywhere, how- ever, iy almost disappointingly small, but " everywhere the farmers are seliing their cotton us fast as it is ginned. Indications are that it is passing into the hands of those who are able the expec A crop of about ten million bales now is generally expected. The {nflow of money from this cot ton is everywhere stimulating busi- ness. | Tariff Bill Enactment ! Starts Wool From Bond BY FRANK D. Special Dispateh to The Star. PHILADELPHIA, September { Considerable fine wool is being taken jout of bonded warehouses here now i that the Fordney tariff Lill has become McLA! INTERVACATION VOYAGES ADRIAT!C (24 541 ;:Il) I.APLAND umcs tons) Jan. 18, Mar. 10, 1923 ‘World-famous for steadiness: de luxe service. For tra crimination. Ample time for delightful Madeira, Gibraltar. Algiers. Monaco les, Alexundria (for for Jerusalem,and. an. 15, Feb. 17,Mar. 22,1923 KCanitcon: crotsing ahipyof admirable_construction for tropic voyages. Premicr Indies. Havana, Haitl, Santiago, Kingston, (Port Antonio), Panama Canal (Panama - City), ira (Caracas), Trinidad (La Bm‘. Barba: gm Martinique (ix. l’m)- t. Thomas, San. i, Bermda Jun e o~ N Lt Inquire for Booklets and Detailed Information ; Lowe '-E veamavionss 1208 F at.. . or Local Agen W Oct, 18 Nov. 8-20 + l==Nov. 22, known everywhere among veston of the Southwest” . also are conveniently ‘West and the famous panoramic They are walt- These range from $1 to $2.50 & gar- ment wholesale ,and affected prac- tically all suits and overcoats. =5 & Dry Geods. writing papers reported today that| ST. PAUL September 27 (Special). ! law. .pllwu. present. re has been an -increase of 24 er ont in. horse population here in the last year. There are now 324,000 the district. horses in declare that this increase has been due_to the increased use of horse drawn commercial vehicles for short- haul purpeses. A number ot the eastern railrozds still are advertising for mechanics. Private shops have been hit by the shortage of lkll!ed men since the set- tlement of the strike, Commodity Reports From Various Sections ‘Wool. FRANCISCO, (Spectal).—Wool SAN Beptember 27 market continues strong in California. Clip is reported to be well cleaned up, and flocks have come through the summer in exceptionally good shape. Clothing. ROCHESTER, N. Y., September 27 (Special).—Several Rochester cloth- ing manufacturers have announced increases in prices of men's garments. Retall dry goods trade improved de- cidedly the st of this week because ther and heavy advert Live Stock. ALAMOGARDO, N. M., September 27 (8pecial).—Cattle are reported dying in eastern New Mexico bee.lllle of dry range conditions. Ranchers over the Texas border thus far report no deaths, but they stated today that thelr cattle are extremely gaunt. Glass. PITTSBURGH, September 27 (Spt- cial).—Higher prices are ex the glass industry, which has enloynd a reoord -breaking Mounting costs and increasing wage scale are credited with mvonllblllly for higher trend. Sauer Kraut. MINNEAPOLIS, September 27 (Spe- clal).—Minnesota sauerkraut is menaced by freight car shortage. Un: less cars are diverted to producing areas immediately 50 per cent of the crop will be lost. Grats, PHILADELPHIA, September 27 (Spe- clal).—Grain shipped through this port the last eight months is far above quantity for similar period last year. The Pennsylvania alone handled 500,000 bushels in that period. Flour also 1s moving quantities. summer season. to Europc in larger Fruit. SAN FRANCISCO, September 27 (Special).—The fruit season Is rapidly nearing a close. Grapes, prunes, ap- ples, late peaches and pears and some plums remain to be moved. Grapes are being shipped in trainload lots, but the lack of cars is causing loss. Prune and raisin men report ideal weather for their exceptionally fine harvest. Fleur. S8T. PAUL, September 27 (Special) Northwestern rails considered toda. resumption of war-time solid-tra! movement of flour to Atlantic sea- board. This is expected to expedite the movement and increase the efli- clency of freight equipment. Cottor MANCHESTER, N. H., September 27 (Special).—Only about 3,000 out of & normal force of 15,000 are at work tousy at Amoskeag manufacturing mills. The restoration of old wage scale by the company has not attracted many old employes back to he looms. They are still holding out for & restoration of a forty-eight- hour week as against the company's working schedule of fifty-four hours. Coal. BOSTON, September 27 (Special).— The unexpected speed’ with which coal mining was resumed and the fact that coal s being moved by New England rall8 has reculted {n a decided Improvement in general manufacturing throughout ew England. business Washington Slock Exchange Gapltal Traction- AT xm 25 8t 102%. umbie National Bank—1 at 22 Lanston Monotype—1 at 80%. AFTER CALL. Washington Gas 55—$1,000 at 955, $300 at ashington Gas Light—10 at 30, 25 at 39, 25 wuhlngon‘ Rallway and Electric ptd.—25 Monty—eat 3 and 6 per cent. BONDS. Bid and Asked Prices. PUBLIC TTILITY. . and P. Telephons of Capital Traction R. City and Buburban town Gas lst Metropolitan R. Potomac FEleetric Potot Fotomac Flsc. Pu-m' Pot. Elee. Pow, ! w nd M FER Aler. ; ‘ ¥ thlnlwn as iaglon Bw wy. & PR LT L Er T L r Y L] FEFE MISCELLANEOUS. Rigee Realty 3 ilong). . Risgs Realty os (sbort) Zold Blorage 202 a8 | PURLIC VTILITY, American Tel. and Telg American Tel. and Teigs. [ pnu‘l Traction TRUST OOIPA“ Amt eflnl Security vin Trust Washington Loan and Trust. SAVINGS BANK. Fireme: Nationgl Unfon TITLG INSURANC Columbla Titie Real Estate Title o Cab R T ——— TREABURY CERTIFICATES. | T~ Needs_of the larger woolen £00dd - manufacturers are- well sup- Local dealers expeditiousiy | EVENING I'STA:R,'W:ASAHINGT»ON ' D. O, WEDNESDAY, SEPTEMBER %, 19%. ' IMERCHANTS MAKE STRONG PLEA FOR PATRONAGE OF COUNTRY|: bask barrel, caulifiower, barrel, 3. 00!501 dogen, Grain, Produce and Live Stock GRAIN AND PROVISIONS. BALTIMORE Se umher 27 )—Potatoes, whit rrel !0 ; v!lr 100 ‘}bn.. LOCAL WHOLESALE PRICES. IT-ltchy , selected, candled, per dozen, 37238 average receipts, 36; lolnh-'n 35. i, el nl, (Spe- 1.00a u-x u., . eets, ona try—Roosters, per lIb. 15 lh. 30; spring enlck- { 2 ‘kuu. young, each, 1. 60!1 1 carrots, 100, ehlduu per Ib., Frit 26as; corn, dozen, i’f.""“'" perib. gllmb.rn. bushel, 1.5022.0f asket, 50a60; onions, 100 1bs. basket, 30a50 squash, basket, 65275 b ket, 40a60; packing yellow, basket, bn)m, 50a60. Apples, chkld barrel, loose, 1.00a2.0 ket. 20a30; cantaloupes, 1.5 1.0 15a4i ‘Whe guotat 18%; nruck red wi bushel; October, no bid. bushels of sample grade of winter, garlicky, Corn: tract, spot, 7' No. 2 b\llhol western, expo: No. 4, Hay—Recelpts, for firm 18.00a1 15.00a Straw 16.00; oat, nominal, CHICAGO, advanced in price today during the early dealings, continued uncertainty as to the British and the Turks having a noticeable bullish influence. Buying, 50 eacl bushel, l !5!3_00 Selling Prices at 13:30 0'Clock. or better, 83 per bushel. sales. Oats—White, No. 2, new, 491 k 49. lettuce, 1.0081.75; g. pumpkins, eac! tomatoe: tock, bushel, 25a30; turnips, 3 003 50a1.25. bu!hnl Lambs, choice, pe nl? 3.9088.00 each; live » ho:s. per m. oen trutte—a les, new, per bbl. tm&m ] e e B SR per basket, 1.50: % orockytords, 2.00a2. we, 2! um{-_mmm, %, per bl Waisa per sack, No. 1.00. Sweet potatoes. r- rth Ctroll"l Lettuce, De! bushel, 00a6. 14 basket, 50a pears, basket, 1.50a2.00; nearby, 2.00a2. crate, 1 ooason, Romaine lettuce, Cymblings, per crate, 1.00a2.00. Snions, per eack, 1.75a2.00. Cabbage. West Vir- ginla, 1.50a2.00 per bbl; nearby cab- bage, per, bbi, 1.00a1.50, Cucumbers, per 1. Eggplants, per crate, 5 'romnoeu. Der bu. box, nearby, 50 al75. Beans, 2.50a5.00 per bbl. Peas, 2.0023.00 per basket. Peppers, per crate, f0nes, . Kale. 80a75. pinach, per crate 50al.25. Lima beans, per quart, 2 Czlelay. per oz ShaLon, Cort, 1eas oz. bushel, 1.00a2.25. No. 1 red winter, spot, no ions; No. 2 red winter, spot, No. 3, 1.13%; No. 2 red winter, spot 1.1134, nominal: No. 3 nter, garlicky, spot, 1.013% per September, 1.11%, nominal. DAIRY MARKET! BALTIMORE, September clal).—Poultry—Ltve spring pound, 24a27; white leghorns, old hens, 20a27 22; old roosters, small and poor, 17a18. 30a25. at 78 per bushel. —Old, 5 per barrel spot. 7513 per bushe! 7; No. 4, no quotations. Yellow, Pigeons, pa! Guinea fowl, tach, 10 to 60. Eggs—Loss off, native and nearby 35. per no quotations; No. firsts, dozen, 38: southern , spot, 833 per ‘bushel; Butter—Creamery, faney no quotations. 44; prints, 44a48; nearb 83 tons; mfl-rke!l.’isaw ladles, :s::u rolls, falr to good timothy, atipacked, good mixed, | butter, 32433 .00, and fair to S GCHICAGO, September 27 0 _per ton. No. 1 tangled rye, 15.00a- No. 1.wheat, 9.50a10.00; 1 12.00212.50. September 27.—Wheat urdmzry firsts, 27 refrigerator likelihood of & cli between fowls, 13a21; springs, 19; roosters, 13. however, especially at the start, was checke quotat easine tions t wonld for 17 of Me: what t ing, w figure: ber 1083, upturn Corn th w uy in, round sacked 17 111 < round whites, er advance ber delivery. settied wheut sl ed CHIC, States Qpen- High. Low. (lose. to lower levels and later on yielding s 1083 104 106 |an average of about two polnts 08 109% 105 1081 |tnroughout the rails and the major- | 2T, 8D 7, .84% | Ity of the industrials, with the excep- -60% -3 .39% |tjon of the ofls, which, as & group, % B8 'T maintained a better show of strength 42, 408 31§ !than anything else in the list. o :ifié 33%| The mear east news was the domi- nant influence, indicating as it did 'AGO LIVE STOCK MARKET. |demoralization In Greece and a decid- CHICAGO, September 27 (United [¢d'y warlike turn to the Turkish sit- Department of Agriculture).—| ‘Exchanges were lower, sterling be- Cattle—Recelpts, 16,000 head; good |ing just about as weak as anything Stocker. Hogs: ket sl bulk 10.40; desl-nb].‘A plis A. Sheep — Receipts, lambs 14.75 to city w 4.60, few heid h gung 19‘, sheep ‘iround teady. REBOUNDIN OILS SCORES NEW HIGH, By the Amociated Press. NEW of war market group was the only outstanding ex- ception trend. Gains of 1 to nearly 2 registered by Tidewater, Barnsdall Houston, California Petroleum, Phil- lips Petroleum and Standard Ofl of California, the last-named at & new high. fell Rai untavorable effects of poor August earning - statements. Delaware and Hudson and New Or- leans. first to sure. One odd-lot lantic Refining Company R ‘Vanadium, also were subjected to pro- fessional short selling, dropping a point o Scatt . ainst :u:: c:‘rrlod the whole list downward in_the Indications that the early bidding up of the oil shares was used as a | ruge screen caused Standard Oil groups later, California and New Jersey being carrled down a point b 1.94 to 1.04% and May . the market scored a slight gen- aber 367 visions vurse of the hog Minnesor: and choice grades native beef steers dampening influence over the stock back a voint Atlantic Gulf yielded fractionally. "odd-tot d by the fact that Liverpool ions failed to reflect any un- 5. On the other hand, predic- | cotton” market show hat the lake sailors’ strike|ousness this morning, owing to a re Lring about increased demsfldlneual of October liquidation and sca ited States wheat at the Gulf | tered southern selliniz. 1 co in particular tended some- | g fair] o stimulate demand. The open- | {ns here was steady i varied from unchanged to 1 lower, with Decem- | 108 to ved by a material COTTON MARKETS. NEW YORK, September At unchanged prices to a decline of five points, but prices weakened right after the call, with December soon seiling off to 20.93, or about 20 to 28 points net lower, on the active months. Five private end-month crop reports were {ssued with conditio figures ranging from 49.8 to 51.9 with crop indications from 9, bales up to 10,452,000, but had littl. fect on thc market, ment was consldered less responsive 1o small crop figures than to the contin- uance of good weather for picking and ginning and reports of free eting in_the south, Futures opened teudy December, .05; . March, 20. so May NEW YORK STOCKS was follo; all around. and cats moved up a little heat. After opening % off to zdvance, December 591§ to pturn. started 1 lower to 4 higher, to and later 1 gainx for all deliveries, were steady, guarded by Tket. total United Wiscon- and bulk ! .00a1.15 Min- and_bulk sand land Minnesota er Ohi Dakota sacked and 1.00a1.10 cwt. September .—Subse- for all-rall shipments led to a decided furth- n the price of the Septem- The market closed un- ent net decline to 31 1.0521.051, and October, nuary. sacked 20. white: sacked an ew BY STUART P. WEST. W YORK, September opening the stock mari Juanty nes. corn as well as felt the effect of orders for all- )ipments to the east. Prices ursettled, 34 to 11 net higher, ember, 5935 to 591 —With t grad- became weaker, moving slowly else. . steady to strong §. 0. Group Firm. other grades slo top matured steers, 1 bulk native supply of Tiberal: | about to weak: other hulk belogna veal 0; bulk and this favorable effect upen other oils. 0il. Producers and Refiners and Phillips Petroleum scored s advance. but did not hold full gain Naturally, in the face of the east news investors held off. bein encouraged in doing so Ly the g excellent xupport. had a Bears Busy. The bears were busy making the most of their ammunition, searching s and feeders, 6.7 Recelpts, 16,000 w, around steady; on d: and adding their pressure th Railroads are making a poor |ing for August, and Yet this was to be expected, but when the bears are busy and the trend is downward littie consideration i& given to the expected. i|1t is the unexpected that hurts—the expected may cause lower prices, but nothing panicky, nor was there any indication of extreme nervousness 16,000 head; fat to strong; top natives, butchers: packers buying ces freely Up to 14.50; first ern lambs to killers, 14.50a her: feeding lambs few loads Montana, sales, 14.25214.50; ‘The Lonses. The losses averaged nearly 2 points all around, with but scanty recovery other than as specialized. The steels, motors. equipments and. ldn fact, the entire list was s the bears meeting with small opposition !in their efforts to find profits, while {many with long profits from persist- ent operation of months ago, took oc- casion to sell and cash in on part of their gains. Independent Steels. One of the chief weak spots was the so-called independent steel shares, the stocks which were so violently’ ex- ploited three and four months ago. when the various merger negotiation: were the principal toplcs of discus- sion. The street had the report that the opposition of the Federal Trade Commission might not prevent the Republic-Midvale combination, but l.lu‘ 1t would compel & modification of the terms 8o that these would seem less attractive from a market stand- point. But, whether there was any- thing in this story or not, tire fact was that the speculative movement today was correcting the extravagances of a previous speculation, a_speculation based upon a distorted idea of what the merger advantages in the shape of lower costs would mean for the values of the constituent securities. Poat-Strike Effects. Another aspect of the stock market was that it was finally registering the effect of the great coal strike, which it had ignored In the campaigns of the spring and summer. This subject was brought forward forcibly by the passing of the dividend on Pittsburgh Coal common—an action which, as was shown by the severe break in the stocks, had been wholly unanticl- pated. It was suggested unpleasantly again by the August report of the Reading —typical of the anthracite carriers— showing & decrease of $1,631,000 in gross and $1,144,000 in net income compared with the month last year. Skelly OIL ‘The sudden activity in Skelly OIil at rising prices today caused some people to think that an increase in the quotations for _ midcontinent ‘was not far off. Skelly Oil is & complete unit. It has production of around 12,000 barrels a day, and has refining capacity of 8,000 barrels. In addition to this, the company has mixty-nine distributing stations. It to highe! other rl YORK, September 27.—Threats in the near east still cast a at today's opening. The oil to the generll downward points lquu Mexlican . Petroleum, however, and Marland and shares continued to feel the Unfon Pacific, Texas and Mexico being the slip back under selling pres- of the eatly features was an sale of teu shares of me At. t $1, $26 a :share above e e uotation. lmlopo dent rly Gulf States and or particul T more. ered liquidation and certain speculative is- forenoon. to unload stocks elsewhere some profit-taking in the elow yesterday’s final figures. Further easing of the call money | i reported getting a premium of 50 rate to rally in 434 per cent was followed by & cents a barrel on it oil produced in Mexican Petroleum, whichi 2d-|(he Burbank fleld. The situation in vanced from 187 to 1891; and a re- ' gkelly fn recent months has under- bound in Standard Ofl of New Jersey which crossed 200 to a new high for fer. e year, mstuuth of these issues induced o Petrol-mn i d w"" gone a_thorough change for the bei- The banking interests are the as those behind Phillips Oy e o e i, Bfllulc Steel was he - ynérger nts h ‘ d w tl! Ml& ‘hm lflfl‘ Jue lstely_re- FINANCIAL. 522 W\lltry—FrElh kl:d lDflnl 4 continued nerv- ! ef- | which at the mo- 000080 in i SLOW AND WEAKER | The Standard Ol group was given { eral weaker trend throughout the list. ! out here and there for weak spots! anywhere toda: H NATIONAL BANKS REGEIVE CHARTERS - BY L A. FLEMING. National banks of Washington have received from the comptroller of the currency their new charters and are now authorized to do business cou- tinuously thereunder for a period of ninety-nine years. This action in comformity with a recent ment to the federal reserv Seeking to give national banks an equal chance with state institutions amend- fn the matter of fiduciary rights 3| where the local laws are not in cor flict, the original ¢ Ly-year Leriod only as an argument agains nency of banks acceptin zation from the Fed: Board to do this ki Lusiness whercas the trust companies and Etate institutions so chartered were given rights in perpetuity. 1, Perpetual charters were suggested by the law makers, bu o romise on Mnetv-nine years ws xtended fo gth charters the sig the perma- anthor Reserve period of lll\e i The new bear Crissinger."” A num se ornamen of “D. r of local banks are hat charters framed for hang l,mm T n 2 Bank ated ax repre its i b Wilhter, pres ¢ and Thomu roper. president o of dir J. Winifres t g with Oct U {long-term hond | Bankiog Investment Most recent st | tion of the 1. ikely to show iis |h. faer £, the s istics in that an that 0000, in te banks 1 invest for on or | th | dica mers regn 1 List Slow. € spurt 1he quietness ally in odd is stock Washington Gas at o4 CURB LIST SLOW: PRICES ARE EASIE BY WILLIAM F. ¥ Leased Wire to The 8 ORK. September 2 roup. tradi ¥owas dess v sufficiently pro nounced to drug down the Standard il spe fes there. a similar reac- tion took place in these stocks on the curb exchange. Standard Oil of Ken- tueky hm‘rx up. better thau mot of the um opened up 8 points, bsequently had u sharp reces slon. and the sume was true of Im perial 01l of Cana No News at Hand. Houses specializing in Stand ard oils say that o far they have no reliable ipformation upon the suli- ject the varjous recapitalizatio blans. All stories regarding extra dividends and in ing the present capitals are mere conjeetio < telieved. however, that the Sta 10il of New York will he the fi unnoun new financial pl. Cities e issues while ather Independent Mutual Oil made fhigh for t present movement, a neland Fuel Ol crossed $9 1 ~ was less o Peansyivar "k continued its reictio and the st Macy common opened a point but made up this loss in the noon. Phillipsborn gained over @ point. C. & O. Railroad rights and 615 per cent preferred stock were moved from the trading list nia_Power and Lieht fir , series B, we neweomers High on Gillette Safety R high for the » T Shipyards went trading, but lest me vance in the afternvon has received contracts for th jon of twelve Luse v h iower Stutr. while awaiting the outcome tors’ meoting. There was little or no feature to the trading in the mining sec'ion. held firm waus iy of the direc- vamped and that th might he dropped altogether. One or the inside cliques formed to market at the time b proposed are reporte golved and this has taken o 4 bit of the support that was market. a in the ppe e eaiise in Ihx selling ont By seattered holders prioy to hanging on o a stock deadweight in the ma 1 Switching 10 s fromd some of the other American coppers into Chile Copper. ‘The real move i he American coppers is not looked for until the copper metal itself works higher,