Evening Star Newspaper, September 28, 1922, Page 28

i FINANCIAL, THE EVENING STAR, 'WASHINGTON, B C, T \ 'HURSDAY, SEPTEMBER 28, 1922. FINANCIAL. MARKET 2,000,000 CHICKS. A1l records for the number of live chickens received in the New York market has been broken during the last week, largely because of the Jewish holidays, which begin at sun- down Sunday. More than 400 car- loads of chickens will be available #or consumption this week, and priceg nave reached the lowest average for this time of year since 1914. P. Q. Foy, market expert, says the total weight of the live poultry throwh on the market this week will exceed 7,000,000 pounds. embracing more than'2,000.000 live birds. BY J. €. ROYLE. 1 Dispateh to The Star. W YORK, September 2§.—Black gold is at a discount. Crude oil— bluck gold in the language of the oil fields—continues to gush and bubble to the surface in scarcely diminished streams. Consumption has increased to a remarkable degree as a result of the coal strike und greater use of oil for fuel in industrial plants. Kero- sene, and to a lesser degree gasoline, are in strong positions, but overpro- duction of the nation's wells still is flooding the markets and the storage facilities with .crude. As a result prices of crude oil are down today and there is every evidence that they will remain down for months to come. The immediate future of crude oil ices is plainly to be read in tele- reportss received within the our hours from the main I-producing centers of the country. Continued and remarkable production ot er il in the new southern Cali- fornia tieids has resulted in shatter- itg of all California_records for out- That state produced an average [o]——=]co] Bl G. A. ROBINSON ARBER SHOP Formerly Located B At 1312 F St. NW. Has Moved to 1410 and 1412 G St. N.W. Twenty Competent Barbers No Long Walting 28¢ n==aca==—=n Ontario Garage 17th St. and Kalorama Rd. “A word to the wise is sufficient” That word is, and a very carnest word it is, to owners and users oi automobiles—not to delay permanent ar- rangement for proper STORAGE t we may be mis- the equipment. wellnigh perfect. As to the light and brightne, those great, beautiful storage rooms—well. we need no advice. They are perfect. See them—then answer: Have yvou ever seen brighter, more beautiful space anywhere for the purpose? Cgll by or before Saturday and engage space for the FIRST, if available. Phone Columbia 8727 Offering the Seven Essentials of a Banking House— Safety. . Experience, Call- Der, ¢ ience, Completeness, “onve Prestige. Citizens Savings Bark 1336 New York Ave. ought to be—t the facilities, Funds Immediately Available Real Estate Mortgage Loans Payable in Monthly Installments 1. Loan up to 60% (SIXTY) of value of land and buildings. 2. Loan from $1,000.00 to $8,000.00 on desirably located modern city dwelling occupied in whole or part by owner. 3. Charge ONLY 6% (SIX) INTEREST. 4. CREDIT allowed for PRINCIPAL PAID monthly and IN- TEREST REDUCED accordingly. 5. The MONTHLY PAYMENTS average $9.57 per $1,000.00, IN- CLUDING interest and prin, 6. Loan can be REPAID, in full or part, WITHOUT BONUS charge, on any interest payment day—(MONTHLY). 7. The LOAN is REPAID in 142 months. Let Us Give You Farther Information Regarding This Attractive Loan Plan. Our CHARGE and the EXPENSE of aking the Loan Is SMALL. H. L. RUST 912 FIFTEENTH STREET Loan Correspondent for the Prudential Insurance Company of America 'RECORD-BREAKING OIL FLOOD IS KEEPING PRICE DOWN TODAY Output More Than Meeting Remarkable - Increase in Consumption--Greater Use for Fuel in Plants Noted. of 375,000 barrels a day during August’ and has maintained about that rate the greater part of Sep- tember. This record-breaking flood of oil is due primarily to the new discoverfes at Santa Fe Springs and Signal Hill, as production in the northern flelds has been curtailed as far as possible. California proguction exceeded con- sumption by 2,600,000 barrels last month, and ptember will ghow similar piling up of surplus stocks. Prices have reached a low figure, but additional cuts are not expected, as export of fuel oil has greatly broad- ened the market, but the Santa Fe Springs and Signal Hill flelds are now producing 130.000 barrels a day as against 5,000 barrels early this year. | Big Tankage Erected. | Four million-barrel tankage has been erected by ofl men in the mid- continent field in the last three! months, and there is a distinet tend- | ency of operators toward storing oil for ‘better prices. Facilities are lim- ited for this purpose, however. al- though the present quotation, $1.25 a barrel, is too low to encourage sales. The price trend in the mid-contenent fleld 'still is downward, according to word from Oklahoma _City tod: Despite the cutting off of drilliig operations, the mid-continent field now is turning out 400,000 barrels of crude oil daily. Ol experts in the southwest look for a revision of sales methods rather than a further cut in prices, so that sales will ba based on a gravity basis, under which higher grades would not be reduced, but the lower grades would fall sharply. In the €olorado and Wyoming,fields production of crude is in excess of {refinery capacity. About _2,000.000 barrels are in storage. The price trend in that section, according to today's dispatches from’ Denver and- Casper, is following that of the mid-continent fleld. Production of crudé oil in Louisiana is neither gaining nor losing. as drill- ing has been curtailed, but imports from Mexico show a steady increase. Receipts from Mexlico in the last two months have aggregated 2,600,000 bar- rels. Stocks in the southeast were extremely large at the beginning of the coal strike, but since then demand has been heavy and sales about 30 per cent above normal. Sugar mills, pub- lic utilities and other industries are taking large quantities, but stocks are still about 20 per cent above nor- mal. No price advance is expected, according to New Orleans experts. Storing Ol in Places. H Conditions hat different n the Penn . Ohio and West irginia fields. Producers are stor- ling oil because of low prices, and re- | {fincrs are having dificulty securing suffcient stocks to keep plants in | operation. Producers today antici . prices. but_heay her MOUNT PLEASANT Ownper leaving town will- sucrifice hand- some home overlooking Rock Creek Park. Nine rooms and two batl three rear porches, mahogany trim wood foors, haudsome electrical fixtures and decorafions. ~ Instantaneous water Ieater, open fireplaces. maid's room, deep vard. flowers and trees, pebbledash ga- rage. Here is a beautiful home in perfect conditlon, reads to move in. Price, $13,500 ‘WEST CHEVY CHASE Aetached frame. overlooking reser- nnds; siv rooros wnd bath, eler s, single pipe furnace.” deen lot, ook W1 this nt onea, Price, %6.500 Mcxzsvenwcos ¥ 1415 i | ] SPACE ; In | The Edmonds Building 911 15th St. N.W, Washington’s Newest Office Building Harry Wardman 1430 K ST. N.W. Main 4190 i of heating. undesirable features, such as the expensive bility. with boiler and piping. It saves labor. lighted, the radiators maintain a uniform ture automatically. And_the atmosphere the right degree of humidity. A System—Not an Appliance. Parti to Changeable Washington Weather. TAILS NOW. : STEAM HEAT Without Coal <. { In HOMES, OFFICES, STORES, SCHOOLS, etc. EASILY INSTALLED TEAM is admittedly the best all-around methad But with coal for fuel it has many boilers and piping, soot, janitor service and inflexi- GASTEAM heating retains all the advantages of the best steam systems, with the economy, reliabil- ity and cleanliness of gas fuel. And it does away No attention is required. Once Because of its economy, -cleanliness, conven- ience and healthfulness, there are GASTEAM in- stallations in stores, offices, schools, churches, apart- ment buildings and residences all over the country. icularly Adapted GET l-yULL DE- WASHINGTON -GAS LIGHT CO. SALES DEPARTMENT—4]9 Tenth Street N.W, coal pile, tempera- has just i Sumers express opposite opinions, basing their conclusions on heavy production elsewhere and knowledge that if Pennsylvania crude is advanc- Bod the dl{lcnehl:tll.l '"lf be lufldlcleflt swarTant shipments from mid-con- tinent Texas flelds to substitute for local crude. ‘oduetion in_the Pennsylvania, Ohlo and West Virginia flelds is far from being in excess of demand, but storage stocks are heavy, although actual flgures cannot be given, &s much of the oil 18 in the hands of in- dividual producers. Leading petro- - leum interests are not looking for higher prices for Pennsylvania crude 80 long as there ia the present excess of production in the country. It {8 unquestioned that with in- creased use of oil for fuel and_heating purposes and wider markets through- out the world, petroleum prices will recover from their present level. Many shrewd business-men are buy- ing crude as a long-haul investment, but that recovery is most unlikely in the immediate future. ! Cleveland Plants Worry Over Cars for Shipments BY GUY T. ROCKWELL. Special Dispatch to The Star. ' CLEVELAND, September 28.—Abil- ity of the railroads to cope with the demands of the steel industry in this section Is glving heads of the steel plants much to think of just now. Failure to provide suflicient cars and engines may cause a shutdown of the sheet-making plants. Plenty of fuel is being supplied the miils, but lack of space to pile products is caus- ing increasing worry by stecl men. One independent maker today reports 3.000 tons on its floors while anothér has twice that amount awaiting ship- ment. Still another reports that 100 carloads of sheets are piled at its plant walting cars. Demand for sheets from automobile makers shows no signs of a let-up according to local producers. Report Trade Is Rallying in Kansas City Section BY DICK SMITH. Special Dispatch to The Star. KANSAS CITY, September 28. ‘Wholesale dry goods merchants re- ported today that retailers who had held off from buying for fall because of the protracted hot weather are now in the market, and September business will run well ahead of last year. Despite the adverse conditions early this month, trade is rallying in this whole section, which, in a way, testi- fles to the soundness of the business structure. Merchants are adding to their sales forces. ‘Wholesale grocers have been affect- ed by transportation difficulties. There are ample supplies of staples on hand, but there is a lack of variety in stocks. As a whole, prices are lower than they were last year, with the exception of sugar. * Freight Tonnage Growth Remarkable at Seattle BY PAUL C. HEDRICK. Special Dispatch to The Star. SEATTLE, September 25.—The out- standing feature of the business life of Seattle today is the remarkable increase freight tonnage handled by water through this port. 1 Figures compiled by port authorities and the United States customs officials indicate that 1922 will end with an un- precedented gain in both domestic and foreign shipments by water. The first nine months of this year have shown a remarkable gain over the corresponding period of 1921. Customs reports for the flscal yesr, just made public here, place the’ dis- trict of Washington in fourth place in the matter of customs receipts, with New York, New Orleans and Galveston ranked as named. A i o e g RHODES CONSTRUCTION C g Tne. Builders 407 Blackistone Building 14th and H Sts. N.W.—Main 7823 & GET OUR FIGURES ON THAT BUILDING —work, remodeling, carpen- try jobbing or house repairs. 1 We're specially equipped to give SERVICE along these Tines and estimates will show us moderate. Phone Main, 7823 | $3.50 Philadelphia $3.25 Chester $3.00 Wilmi | And Return Sunday, October 1 Similar Excursions on Consult Ticket Agents_ Balto. & Ohio R. R. |1 e ! RESORTS. ATLANTIC _CITY, :‘_. 3. HO T L. b ATLANTIC CiTY 05 dhe Bouch Fout * T tes in effect until February P retons Piaa Entirely. Aiwas Open th, $14.06 Phone 1455 m, Prival M Ocean Front Corner, Ownership Management Eentucky Ave. near Beach and Boadwalk— Beautifully repovated. RUNNING WATER IN ALL nlool‘glw American plan_(with wonderful me: up dally; $17.00 weekly. Eutop. pla I October 15, 29 | i SPECIAL TRAIN ; Lv. Washington...... 7:20 am. ||; i Standard Time Returning Lv. Philadelphia... 9 p.m. Lv. Chester .. 0 p.m. Lv. Wilmington $:10 p.m. LEGION BURIES AX WITH GEN. SAWYER &2 Differences Between Two on | 1%, Disabled Soldiers Settled at Conference. PRESIDENT AT PARLEY Mr. Harding Delireq Closest Under- standing for Betterment of Ex-Service Men. Brig. Gen. Sawyer and the American Legion have buried the hatchet. The head of the Federal Board for Hospitalization, who had been asked | g, by the legion to “step aside,” and obliterate his obatruction to the pro- gram of caring for wounded veterans, and his arch critic, Col. A. A. Sprague, chairman of the national rehabilita- tion committee of the legion, sat down in conference together yesterday be- fore President Harding at the White House and at the general's offices In the War Department later in the afternoon. Sawyer Statement Issued. After these face-to-face talks, Gen. Sawyer issued a formal statement, not through his office, but significantly through the American Legion news service, in which he said: “This ar- rangement clears up a misunderstand- ing relative to the care of ex-service men and promises united activity in seeking the best of service which may be given.” ex-service men was the program “contemplating the removal of ex- service men with mental diseases from contract {nstitutions, at the earliest possible moment into gov- t owned and operated hos- p according to Gen. Sawyer's statement. This met the general's “entire agreement,” he stated. Following the White House confer- ence, Dr. Sawyer said the Prékident had “expressed his desire that any difference of opinion which might in- terfere with the best possible care of moved.” The views of the American Legion tric_patients were outlined to Mr. Harding and Director Forbes of the Veterans' Bureau by Col. Sprague and Drs. W. T. Salmon, New York city, and W. F. Loregnz, Madison, Wis. President Deeply Interested. After the confcrence at the White House, Col. Sprague stated that the ! President, with whom “proper hos- pitalization and care of the mental { cuses und the provision of a sufficlent number of beds” was discussed, had “manifested the most intelligent and keen interest in the situation and is going to give his personal assistance to a_program which the director of the Veterans' Bureau will wo after obtal “When Congress it probably will be known," Mr. Sprague sald, “just what additional facilities are needed. The President has given assurance of his support of the re- quiréd program.” It is understood that Mr. Sprague and his colleagues told the President that an additional $10,000,000 should be expended in providing more adequate hospjtal facilities for the treatment of mental and nervous | diseases. FIND PLATINUM WATCH SHAUGHNESSY LOST Man Who Helped Extricate Him From Knickerbocker Wreck- age Arrested. Headquarters detectives today re- )| covered a platinum wrist watch which [ | Was taken from the body of Col. Ed- {ward Shaughness: i postmaster general, the ni I fatally injured in the Kuickerbocker Theater caiastrophe. TRobert P. Me- * | Chesney. at whose former place of residence here the watch was found, was arrested vesterday in New TYork city and charged with larceny after trust. Information given the police by McChesney, following his arrest, led to the recovery of the watch and its return today to Mrs. Shaughnessy. 1t was Mrs. Shaughnessy who swore out the complaint against McChesney, charging him with taking the watch and a sum of money from her late husband, whom McChesney is said Ilo have helped extricate from the wreckage. | 1t is alleged_that McChesney helped others carry Col. Shaughnessy to an ambulance and that-he rode with the injured man to Walter Reed Hospital. 1t is claimed that he represented him. self to be a cousin of Col. Shaugh- \nessy and was permitted at the hos- pital to take the watch, but was re- fused custody of other valuables. i The watch was turned over to the police by McChesney's former land- landy, in whose care he is said to have placed it before leaving Wash- ington. The landlady. the police say, had no knowledge of the circum- stances surrounding McChesney’s possession of it, and was keeping it faithfully for him In accordance with his instructions. —_————— PLAN TWO PARADES OF FIRE APPARATUS Will Be Feature of Fire-Prevention Week Monday and Saturday. Two parades of fire apparatus, one on Monday and the other on Satur- day of next week, will feature the observance of fire prevention week in"Washington. fire prevention committee, headed by Charles . Darr, today public a schedule of events % with Funalog weter and peivais baths, | Which have been planned for the Dis- ver_day.” Booklet. Phone The & eWILTS HIRE | ' Jirgluia_ Ave. near Beach. Awerican plan. 8. S, Owner. N. J. COLLINS, Mgr. | trict. NEW CLARION Fzigew 2o, i Comtortable. Running water and_private bath. ok T B NI ACE: EOTEL WINDSOR Zute Carolioa ave. Ewtropean plan. cial winter rates; cafateria nu{h‘. we M. A SMITH. HOTEL CONTINENTAL Alwazs opes, ‘aiways ready: terms moderate. dy: Write or phone. M. WALSH DUNCA! VIRGINIA, B Black Bass Fishing. 2 W. VA. fi TOP HOUSE Harpers Ferry, W. Va., sow. Fou will et rogmet 6. "%, B. LOVETT, Frop. 5 S| fires. They include the following: Ave. #nd| Pposters on street cars, a slogan card in store windows, glaring signs on traffic semaphores, slides in motion picture theaters, sermons by pastors of churches of all denominations and distribution of questionnaires to busi- ness men and school children. Question blanks, to be giver out in the schools, will be taken home, filled out and returned to the fire department. The purpose of these blanks is to cdll the attention of the families and merchants to the many conditions which may exist in a home or business place that would start ~ ——————— BOURSE IS IRREGULAR. 'ARIS, ber 28.—Prices moved 'rancs m";‘%m 58 francs. _I‘lvl e dollar: was quoted at 13 francs A 8 22 cent e i ey ‘The peint at question concerning |di Grain, Produce and Live Stock! GRAIN AND PROVISIONS. BALTIMORE, September 28 (Special). —Potatoes, white, barrel, 1.00a2.00; per 100 0a1.25; sweets, basket, 10a 36: /50a2.25; yams, burrel, 1508 bughel, 60a85: lima 2.5083.54 .0026.00; celery, dozen, 25 corn, dozen, 15a30; cucumbers, bushel, 1.50a 2.00; eggplants, basket, 50aél ; onions, 100 pounds, 1.00 0250; Dur_;lspkln!, packing stock, tur- 's, 4a8; squash, matoes, basket, 40a60; bushed, 90: yeilow, basket, 26a30; nips, basket, 40a60. Avplen, packed, barrel, 2.0024.00; loose, X7 o ; ‘bushel, 5021.25: basket, 20a3 cantaloupes, crates, 1.50a2.00; crabap- ples, Dbushel, 1.56a2.00; damsons and plums, bushel, 1. 8. 20- pound basket, 1. pefruit, box, 5.0026.50; oranges. box, 5.50a7.5 peaches, basket, 60a1.00; bushel, 1.25a ‘bushel, 1.00a 2.00; pears, basket, 15a4i 2.25. Selling Prices at 12130 O'Cleck. Wheat—No. 1 red winter, spot, no quotations; No. 2 red winter, spot, 1.18%: No. 3, 1.13%: No. 2 red winter, garlicky, spot, 1.11%; No. 3 red win- ter. garlicky, spot, 1.00% per bushel; ptember, 1.11%. October, no bid. Sales—Bag lots of nearby by sam- Ple. at 70, 80 and 82 per bushel. Corn—Cob, 2.76 per barrel; con- tract, spot, 74% per bushel; No. 2. contract, spot, 76: No. 4. no quota- LOCAL WHOLESALE PRICES. trictly fresh, selected, éandl per dozen, 38; average recelpts, 3 southern, 36, Live poultfiy—Roosters, per Ib.. 1 turkeys, pes Ib, 30; ‘spring chick- ens, per 1b., 28a30; keats, young, each, 35a50; fowls, 25a2. Dressed chickens, pe: 25; rooaters, 35a40; SHOW A DECREASE Telephone Company In- creases, Gross and Net. _Ohio Bank Dividend. r Ib., 30a35; hens, per Ib., per b., 10; furkeys, per 1b., ats, young, each, 0. Live stock—Calves, choice, per Ib., 13%; medium, per lb., 13; thin. per 1b., 6ad. Lambs, choice, per Ib, 13%; live '1’{{2' 2.0028.00 each; live hogs, per Ib., Green fruits—ipples, new, per bbl., 1.00a5.00; per bushel basket, nearby, 50a 1.50. ~California oranges, pef crate, 7.00 BY L A. FLEMING. .00. Lemons, per' box, 5.00a Capital Traction earnin; e gs con- IOHDLe:!Rg:l:y:;‘:d‘:th,lm's“a:z.bs, fl,‘,c“,‘h‘ tinued to show decreases in both 1.25; honeydews, 1.7522.00. Vegetables—Potatoes, per bbl., No. 1, 80; per sack, 2.00a2.50; No. 2, i0a North Carolina. er |- gross and net as compared with the same months last year. At that time tokens were selling at a higher price. The statement of the corporation for the month of August, 1922, filed with Pablic Utllities Commission to- day showed gross income of $92. 071.33, and net income of $68.521 A year ago the company reported for August, gross income, $121,708.7 and net, $98.097. The gross decrease in the compari- On was $29,637, and the net decrease .75a2.00. Cabbage, West Vi ginia, 1.50a2.00 per bbl; nearby cab- bage, per bbl, 1.00a1.50. Cucumbers, per bu., 1.00a2.00. Eggplants, per crate, 75a 1.00. Tomatoes, per bu. box, nearby, 5022.00. Beans, 2.50a5.00 per bbl. Peas, 2.00a3.00 per basket. Peppers, per crate, 40a65. Kale, 60275. Spinach, per crate, Lima beans, per quart, 25 . per doz., 50a1.00. Corn, 15a35 ver doz. $: me Eainings. ;x:r...s“.:—fifx.,w, No. 2 or better, §3 _DAIRY MARKETS. Gross earnings of the Chesupenks i BALTIMORE, September 28 (Spe-|and Patomuc Telephone Company for Oats—white, ¥o. 2. new, 30 per|Cidl,—Poultry_Live spring chickens, | the month of August increased over bush 0. 2, new, 493 1 hite leghorns, 20a24; old | $4,000. the figures showing $92.98 i . 2 white leghorns, 20 carned, Rye—Nearby, no quotations: No. 2. western, 312 per ll hy No. 4, no quotations. 22 tons; market firm for fair to good timothy, at 16.00219.00, and fair to good mixed, 15.00a17.00 per ton. Straw—No. 1 -tangled rye, 15.00a 16.00: No. 1 wheat, 9.50a10.00; No. 1 oat, nominal, 12.00a12.50. CHICAGO, Beptember 28— Subsequently a pressure of hedging sales increased and car scarcity com- plaints counted as an additional, han- cap on the bulls. closed unsettled, net lower to 1%a | gain. with December, 1.04% to 1.05 and May 1.08 to 1.08%. Transportation difficulties led sub- sequently to a slight setback in corn values. Wheat prices | The close was easy at the same as yesterday's finish to 3% low- er, with December 59% to 593. WHHAT— Open. Close. | September 4 December 168 ¥ M 08 ! disabled ex-service men should be re- Ma, in regard to the care of neuropsychia- | Dece; CHICAGO LIVE STOCK MARKET. CHICAGO. Scptember 28 (United States Department of Agriculture).— Cattle—Receipts, 12,000 head; fairly cAactive, beef steers steady\to strong: jtop matured steers and vearlings. 12.00; some held higher: bulk beef stecrs, 9.25211.00; fresh supply of w : veal calves stead : desirable vealers showing advance; other classes general steady: bulk bologna bulls. 4.00a4.2: bulk veal calves early, 12.00212.50 to bulk stockers and feeders, Hogs—Receipts. 25,000 head: mostly 10a20 lower; desirable 185a220 pound averages, 10.40210.50; top, 10.60 early; bulk 1502170 pound averages, 10.00a 10. good 2702300 pound butchers, bulk packing sows, 7.60a steady; desirable kinds, . 2509 heavy, ~9.10a10.30; medium, 9.90a10.60; light, 10.00a10.55; light li 10.10; packing sows, smooth, 9.60210.10; packing sows, rough, 7.80; kling_pigs. 8.75n9.60. Shecp — Receipts, 14,000 head: fat lambs opening mostly steady: early top natives, 14.60 to packers and ci i butchers: nati 14.00214.5¢ bulls. largely 9.0049.50: five loads: Washington Jambs. half or more feed- ers. strong at 14.65 to yard traders: | sheep generally steady: good medium | Washington ewes. 6.00; i compared with $88,891 gross income for July. Increase in net income was propor- tionately greater, as the report show- ed $84.981.09 net income for Augus as compared with $75,689.95 for July Ohio tional Dividend. The Liberty National Bank 1s pay ing out dividend No. 7 on the stock of the Ohio National Bank, in process of liquidation. The first dividend for & old roosters, 16; ducks, 20a23; smali and poor, 17al18; pigeons, palr, 20a25; guinea fowl, each, 40a60. s—Loss off native and _nearby firsts, doz., 38a39; southern, 35a.36. Butter—Creamery, fancy, 1b., 43a44; prints, 44a46; nearby creamery, 36a 40; ladles, 29a30; rolls, 25a28; store packed, 25; dafry prints, 26a28; pro- cess butter,.32a33. e Washi per cent was paid in 1902 Tncluding e present payment, 27 per cent in all ashington Stock Exchanne has been paid in liquidation, > BALES. " | “Tracy L. Jeflords is president of the gulastingion Gas 11:6-$1,000 at 105i. | bank: J. J. Kleiner. 8. ¢, Smoot, Joirn at 10518, / D. and Cha E. con- Mersir Livore—s at 160, | Ligrts 1or and,Charles B Hood con . AFTER CALL. i Old-time certificates of stock in the Capital Traction Gs—8500 ut 99%;. bank are signed by J. O. Johnston. Laaston Sonoty, s vice president; J. O. Taylor, president. 5 and 6 per cent and William Oscar Roome, cashier. - BONDS. To the Conventl i i Maurice D. Otterback, president of Bm"‘,d Asked Prices. the Anacostia Bank, will leave fo: PUBLIC UTILITY. Bid. New York city on Saturday night. American Tel. and Telga. 4s American Tel, a 3 Ametiean ind Telga; 4 Am. Tel Aines Directors Elected. The annual meeting of the sharehold- ers of the Bank of Commerce and Sav- ings was held this. morning and the fol- d aod P. T Capital Traction R. R. e Supurben 2e 7| Davide, C. E. Edwards, R. L. Elliott, A Metroponitan B K- §. Gatiey. Samuel Hart, G. A. Knesss:. Fotonie Electric Tat 35 M. A Reese, H. E. Mayer. Jjoseph H Potomac Milans, Trving Owings, Joseph Saunder= boramac Dr. C.' A Weaver, Alrxander Wolf. €1 s, o s & 5 B. Zantzinger. Elie Sheetz and J T P new board will meet o orgaiizc in the near ruturs Federal Finencen. New York bankers are wiring lov. connections today in an effort to ob any information obtainable regard - MISCELLANEOUS. Riggs Reaity 5 (long) Riggy Realty Ss (short) W. M. Zold Storage e STOCKS. PUBLIC UTILITY. 120 ng Secretary Mellon's plans for long-tern financing, generally believed to be near at hand. but have so far been able to get no definite reply. New York papers of even date express the belief that announcement will be 10014 | made Monday morning. October 2. and w" that the flotation will be for $500,000,000 204 |and bear 43 per cent. 1 58 The Wall Street Journal believes that lec. com. w Rwy. and Elec. pfd Termina) Taxi com xermizal Taxl ofd the money market has hardened so tha a 4 per cent rate is not available this time for federal financing. Local bankers. however, believe th:* a flotation at 4 per cent would fird an oversubscription and that prac- tically any sale at any rate that Sec- Melion decides on can be car- American . Capital jes of lonz-term bands NEW YORK, September 28.—The cotton market showed renewed nerv- ousness and irregularity early today. Liverpool made a fairly steady show- ing, and after opening steady at un- changed prices to a decline of 13 points, prices here worked up to about yes- terday's closing on covering and trade buying. The advance. however, met further southern s®ifing and liquida- tion, which was probably promoted by less favorable reports from the near east and the somewhat easier ruling of the later cables from December =old off to 20.33. or 32 points | net lower. and other deliveries showed | net losses of 7 to 15 points during the early trading. Futures opened steady. = October. | 20.35: December, 20.60; Junuary, 20.40; March, 20.48: May, 2043 jweight 3 fat light native ewes, 6.73; heavy ewes mostly 3.50a4.50. COTTON MARKETS. BONDLIST SHOWED MANY SOFT SPOTS BY GEORGE T. HUGHES, By Special Leased Wire to The 5t NEW YORK, September tions -for liberty bonds showed provement in the early trading today but the general tone of the bond mar- ket was again distinctly weak. This was particul&rly the case with A large block of railroad bonds. Southern Railway Consolldated 5s —Quota- im- sold at 98. Except for certain underlying di- visional Issues this is the first mort- gage on the Southern Railway sys- tem and Is generally regarded as a high-grade bond. for year was 100%. There were indications of selling by institutions of bonds, of Appar- finanaial which this iesue is a type. ently it was the belief that for the present there was little opportunity Its high of advances in market price of Ee-( curities like these. The other South- ern railway issues, the 4s and 63s; were also lower. High-grade rafls, which shared the day's decline, in- cluded Northern Pacific 56, Great Nortkern 7s and Pennsylvania 61s. Low-Priced Issues Weak. A good inquiry was reported for Chicago and Alton refunding 3s. Sales were made around 51 and the bond was comparatively steady in the face of the fact that the receivers are expected to defer interest due Octo- ber 1. It scemed to be the impression that the market price had discounted the unfavorable conditions which brought about the recceivership, con- sidering the fact that the issue is secured by first lien on important mileage. Foreign bonds were generally weak in response to news from abroad. — CANADA TRADE DROPS. Big Decline Noted in Official Fig- ures for Year. OTTAWA, September ‘28.—. total decline of $462,000,000 in Canada’s im- port and export business for the )'car' ending August 30 is noted in Dominion trade figures announced. The decrease in trade 'Il.h'?:: ‘llX‘nllod SeLdl‘lel llln;le. a8 compared e preceding twelve ‘months, amounted to $331,000,000, of w‘l;lfhmlmiiwm was in exports and 4 , Imports, ‘Total imj into the Dominion for e ,000,000, compared the preceding twelve months. -In the same periods exports were _$779,000,000, compared With $1,012,000,00— S Liverpool. | 3 Pes the | © than 4 per rcent have. u |cording to New Yorkers. been par- Htially Tresponsible for the weakness of the last few days in liberties, some issues again selling below par. Purchases of liberties have been made by local financial institutions in anticlpation of an advance in values in the near future. TRUST COMPANY. American_Security and Tru Continegtal Trust ...... ational Savings and Trust on Trust .. 5 Washington Loan and Trust SAVINGS BA: Commerce and Savings. 170 e East Washington 14 Security Savings 200 Seventh Street 150 L. 8. Baviogs ‘Washington Mechanics’ 27 FIRE BURANCE. 225 ON CURB MARKET NAN. 4 Fur- Mergenthaler Linotype 15" | ther demand for some of the high e e 3 |priced Standard Oil shares served to 80% | check, to some extent, the selling movement in other sections of the curb exchange today. For the most part stocks held firm with offerings smaller than they had been Wednesday. Standard Ol of New York was strong again and Magnolia Petroleum was actively traded In at higher SHORT-TERM SECURITIES, (Quotations furnished by Redmond & Ce.) —Noon.— Bid. Asked. 2 = : Aluminum Co. of Amer. Ts 1925 1041, 104% f{gr‘:'-‘,"m‘fl:fl"‘:‘,fl"’m‘\_‘l‘:;fmfl e et X 1% | “Standard Oil of Kansas was neg- Amgric Jois¢ | lected despite the report that an 101% | increase in its capital from $2.000.- Anaconda Copper 86 |p'p 10115 | 000 of stock with a par opper s 1 102% | to $6,000.000 in stock of §! Auglo-American_0il 1 may be announced at an: g,"(",:’l‘;;c; O as ‘fi,‘ Indlana shares during the greater O s o 1015t | part of the time were well supported. o s L 102 | but Ohio Oil was weak. Cons. G 1004 Firm Spots. T e - }fifl Cities Service preferred advanced Cudahy Packiog_C 101% | somewhat in the early part of the Du Pont 7izs 183 1081, | day, but lost the gain later. Gulf il Goodyear T. & R. 8s 1931. 100% ; of Pennsylvania was the feature of Great NothernTs 10¢ 1iia | the independent oils, responding favorably to the report that the com- pany had brought in a new well Carib Syndicate, Maracaibo and New England Fuel mioved over a narrow 110% | range with no material change in 1014 | prices. 104 | " Macy preferred was a bit higher o1t | Other “department store ex were o1 | inactive. Schulte Retail Stores con- 1031, | tinued to sag in sympathy with the 108% | weakness in tobacco stocks on the biz 108% | board. Amalgamated Leather comi- 10233 | mon and preferred were in demand again. Daurant Motors Supported. Supporting orders were apparent in Durant Motors, checking professional efforts to get the stock down. Pack- ard preferred lost a fraction, but the U. 8. Rubbei 2 I Westinghouse E. & M. 7s 1881. eCalled October 15, 1922, at 101%. tCalled February 15. 1923, at 102%. TREASURY CERTIFICATES. (Quotations furnished By Redmond & Co.) faan common was practically unchanged, December 18, 1922.... 100 Influenced by the passing of the 128 Deceraber 13, 1022.2:7 100 dividend on Pittsburgh Coal, the coal 414s Mareh 15, 1923. 100716" | shares dealt in on the curb were weak 3%s Juse 13, 1038, 104 ;2 1Glen Alden and Southern Coal and s Septembes I8, o Iron were both offered down. Shedune B et 1o Commercial Solvents, cluss A and R. 258 Maren 15, 1 101 | were removed from trading and trans- 4§-v»~mv-r' 15 6 10015 ferred to the stock exchange. Trad- 4% March 15, 1926, 10185 | ing was also discontinued in Lima Lo- 41is September 15, 1926. 100 comotive Works part paid reccipts The mining department was dull Spearhead Gold Mines continucd lower. < st e e EXPECT '‘RATE AGREEMENT. NEW TORK, September 25.—Agrce. ment on the plan adopted or gasl Torfeits of 320,000 cach to guardntee| NAIL BONDS AUTHORIZED. steamship rates may be reached at{ The Tennessee Central road was next week's meeting of the east coast|authcrized today by the Interstate and South America conference, it is|Commerce Commission to Issue $9; said by Shipping Board officials. Fol-|000 first maqrtgage 6 per cent go! lowing discussion of the question, word | bonds and to guarantee payment of of accepting is being awaited from |interest and principal for an issue of forelgn lines’ headquarters. Practically | §636,000 in_equipment trust certifi- all domestic lines have accepted, it is|cates, both sets of securities to be de- stated. posited with the United States Treas- ury as securities for a loan of $337.000 made to the road by the government. The company recently was reorgan- SANTA FE SHOWS DROP. CHICAGO, September 25.—Rallway operating .revenues of Atchison, To- peka and Santa Fe for August de- DECREASE FOR C. & N. W. creased $2.544.034.37, compared to AG Iy e hin last vear. whii operat.| CHICAGO, September 28— Botl "l:‘ expenses Inbrym!d $2,410,933.93, | operating revenues and operating ex- it is announced. Operating revenues | penses of Chicago & Northwestern de- first el mont] o 122, de- me creased $13.600.754.58, and operating | CTE25ed In August compared 1o same expenses for that period, contrary to month last year. evenue: the ‘August showing, also decreased | gust, 1922, were $12,860.888, against §7.007.124.81, compared to the cor-|§14,875,967 in August 1921 and total responding eight months of 2 s for month = Operating revi ugust, 1923, | OPerating expense ‘wer ‘were ‘:ftul’lni‘rl."u::l elxtic‘nlu $10,051,357, compared with $10,368,651 were $14,778,926.2¢. - for August last yean TRACTION EARNINGS