Evening Star Newspaper, November 10, 1922, Page 29

SOUTH AMERICA TRADE STILL LAGS “Banana Republics” Hard Hit hy Present Poor Prices for Fruit. BY J. €. ROY ipecta Dispateh to The Star, NEW YORK, November 10.—The ness men and manufacturers of the tates have found out this year bu: Tnited ¢ Grain, Produce and Live Stock ‘Washington Wholesale Market. A drop of 5 cents in the price of lambs, bringing the wholesale price to around 20 cents a pound, was the feature of the local wholesale mar- ket this morning. Lambs have been scarce and high for quite a while. All other products remain about the same as yesterday. Eggs—Strictly fresh, selected, can- dled, per dozen, 58a60; average re- celpts, §8; southern, 56. Cold storage eggs. 30a32. Live poultry—Roosters, per Ib., 15; turkeys, per Ib., 43a13; spring chick- ens, per b, 28: keats, young, each, 50a60: fowls, each, 23a25. Dressed poultry—Fresh killed spring ! Prices Show Fair Undertone. today’s session of the local exchange. unknown investors who have acquired the option on the hig block of com- More. Speculation—A. B. A. Roster—Business Better. BY L A. FLEMING. Business was greatly restricted on Speculation still continues as to the BY WILLIAM F. HEFFERNAN. Special Dispatch to The Star. NEW YORK, November 10.—There was little or no feature to trading on the curb exchange today. Profes- slonal elements, which had switched from one side of the market to the other Thugsday, met with only slight success when they tried to bring about lower prices today. Outside participation was decidedly smaller, with the result that volume of busi- ness fell off rather sharply. ~ Price changes In the oll group gen- erally were small and unimportant and the majorfty of these stocks [moved over a narrow range. Standard Oil of Indiana. In the Standard group, was again the active leader. Standard of Kansas was Inactlve and held firm its high level. amounting to $12 a share. ‘This divi- dend is payable December 15 to stock- holders of record December 1. No sales occurred in the stock today. Independent oils were little changed from their previous close. Mountain Producers went fractionally higher at the start, but lost this gain in the early afternoon. Arkansas Nat- ural Gas rose slightly, while Gulf Oil of Pennsylania, Maracaibo and Mer- ritt Oil were neglected. The announcement by Schulte Re- tail Stores Corporation that sales for the same month last year, falld to $2,112,185, an increase of $311,244, over the same month last vear falled to have a stimulating effect in the mar- ket for the stock. In fact, the shares opencd down a point and were qulet throughout most of the session. Strength in New. Iswues. The strength of the new issue of | COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY AKRON, Ohio, November 10.—Sev- eral Akron tire companles have speeded up operations in the last week, after & let-down in September and October. The rise in raw ma- terlals has provided a basis for rumorsof increases in tire prices, but so far none of the big Akron companies has taken definlte action in thie respect. OKLAHOMA CITY, November 10.— The pecan crop of Oklahoma this year will be only 10 to 15 per cent of normal. Destructive rains early In the season, followed by high winds in midseason’ and the drought at the | PENNSYLVANIA TO TEST Railroad to Put Three New En- gines in Practical Service at Once. Special Dispatch to The Btar. *PHILADELPHIA, November 10— The Pennsylvania, railroad will put three gasoline driven engines into prac- tical service on as many different divi- { sions before next January. The cost of these engines is far less than for th propelled by tteam, und for short-haul passenger service they are expected to be sutisfactory. The J. G. Brill Com- pany, which manufactures engines the ‘type, has supplied forty-one ga line locomotives to rallroads in varinus parts of the country, which are today testing out their quality. —_— BROKER FIRM FAILS. FINANCIAL GASOLINE LOCOMOTIVES ' EQUITABLE Co-Operative Building Association Organised 187D 434 YEAR COMPLETED Annetn .. .84,857,989.50 Surplus . -$1,180,880.31 SYSTEMATIC SAVING ACCOMPLISHES MOST No better argument as to the advisa- ity of systematic saving need be had than o point to what others have hed who saved eystematically. Suhbncriptions for the 84th Issue of Stock Being Recelved Shares, $2.50 Per Month gy the countries of Central and part wronn, Stockholders S et e S i B clifekann. ver 3: hens, per Ib.,{mon stock of the Washington Rall- { will meet November 29 to vote on the | NeW Fiction TPublishing Company jend of the summer, furnish the ex- o Amesien are catiea “bamam e eI MY ensa b way and Electric Company. proposcd increase in the capital from | Was moteworthy. These = shares.| planation. i Heavy Financial EQUITABLE BUILDING republics.” Those countrles have re- | 3830; roosters, per I, 20 turke¥| ‘wugene & Thompson returned from |$2.000.000 to $5,000.000 and on the re- traded In on & when:fasued basts [ o BepeTy vy Financial Losses in Mexican cived such a pos el b s |Per 1b, 45a50; keats, young, each.|New York onfid that jduction in the par val gained a half point at 7%. e new | MON s, la. ember 10.—The § Coree suce B e IR o f"_’: et Lebato, the transaction wiil he dosed hefore | to $25. par value from $100 | £ ' ¢"Arnold Constable was another [ Whitman Decker Lumber Company’s Mining Blamed. '915 F St. N.W. this ¥ that they are n pee. Liv 1b.. | the expiration of the option on the ! $12. Dividend D active leader to advance, subsequently | Plant near here Is today nearing com-| ST, LOUIS. Mo., November 10— JONY JOY EDSON. President 1o show any material fmprovement in| Live stock—Calves, cholce, per 1b..1) ok FRIA0OR OF LA, OUEOR B8 T end Declared. losing part of its carly rise. The 10,- ( pletion and.will be placed in opera- | Heavy financial losses in Mexican R BEEAIn e {1)-“"; power until a new crop has |13i medium, per Ib., 12a121%: thin, DT anq avery guess that has been made ru’r‘mw“x. nlmrx‘r‘mnc;z: !n{lny that the 000,000 ghares ot lil!m‘n Gold, ln‘( tion he’!lr;reb Duclelnber Ll Ahou{, ;,un mining enterprises blamed for P SR 5 e s o1 o1 ¢ - 3 herland pve Line Company had |were admitted to trading, on sales|men w e glven employmen be- o i e o 3eq - . > feen produced and marketed. b, 6as. Lambs. choice per Ib. as to his clients has been Wrong In | Geciared the regular annuai: dividend, | tax fioe Lome of Ceorne Wil M toto. ing place around 14 cents. shows but few sizns of improvement. So many old debts are still unsettled that Ameriean merchants are unusual- Iy eareful in extending new lines of credit. Gains Outstde Frult Zone. This does not apply. however, to the countries lying outside the strict fruft theastern dealers and manu- are conductinz an intensive business In Cuba, Brazil a. The results of this seen in increased ton- hrough Charleston, onville during the and Argent effort are bei e of shipme Savannah and past thir At le: to those equipme railway is a through lanta_to mship lines operating have increased their ilings the Southern ompleting The urning salesmen to 1. while the expectati 1.000 loan from the Un mulated buying in Cub: ween Atlanta and Havana lose. is very Coast Trade Booming. On the west the border trade with leaps and e larger bus @0 fur h: en confined to live sta shoes and millinery, but other lines rapidl Closer for a e nue to sections ha officials of ¥ nia reported that from 15,000 to 20,000 un- skilled luborers were needed i the Pittsburgh district alone and nearly part of the state could use more tooth of the American 1 ever is a factor in fectioners revenue of $1,000, the year ending December 31. Candy Yiakers Rushed. day trade <hortage of the pecan crop is expected to result In higher prices for those edibles. On the Paci turkeys are cnis ressed turkes 1 are bringing rDeyond 38 cents a pound. This tr in the priee of halidny turke forecast accurately in this nearly two months ago. A ment of birds is being r from Ary a and is e reach the New York market about three days before Thanksgiving. Tourist travel, counted on as a stimulus to trade in the south and southwest at this season of the yvear, has already started and is expected to be exceptionally h Finish this season. ods are in increas. K g before Januar Jump in Cotton Prices Special Dispatch to The Star. fice building would be e once were striking incidents in the situation. There is sustained strength evident in jobbing circles and ab- rormally heavy sales are being re- Sorded in winter goods, such as un- and shoes. Quick deliveries trade are keeping shipping forces busy, as stocks of retailers are re- ported low on staples. Rush of Auto Orders Big Surprise to Detroit Special Dispatch to The Star. DETROIT, November 10.—Detroit is more surprised at the sudden upturn in the rate of incoming orders for automo- biles than at any development in the automotive indusiry for years. reported today that as a result of the sudden jump in orders in the last few days, sales exceeding 100.- 000 cars are in prospect for November and that production originally set for 128,000 cars this month probably will be increased to 135.000 machines. for the holiday Hoth companies state that sales for the first week of November broke all records for time of year. New Orleans Customs Special Dispatch to The Star, NEW ORL S, November 10.— Collection of customs duties at this port fi of those for the corresponding month ‘last ) totals for September, Part of this in- materially. A direct cable connection has been established between this ity and South America, which is ex- pected to greatly increase trade with tin American countries. (Copyright, 1922, v* FRUIT FIRMS UNITE. Million-Dollar Merger Reported in New Orleans. ~—Announcement was made today that the merger of the holdings of the Blue- practically assured by ratification by the stockholders of the Bluefields con- cern of the proposed sale of its assets. Directors of the Cuyamel company previously acted favorably on the con- solidation. Involved in the deal is & lone-half interest in the New Orleans and Bluefields Frult and Steamship Company owned by the Bluefields Fruit and Steamship Company, the other half interest already being con- trolled by the Cuyamel company. said to be llars. —_— PARIS MARKET FIRM. PARIS. November 10.—Prices were rm on the bourse today. Three per nt rentes, 58 francs 60 centimes. Ex- rhange on London, 68 francs 20 cen- 65 centimes. 15 francs 23% centimes. o The liaixon in scat- reporte they e pected soda fountains to bring in a 100 at least for G(‘flnr!‘ manufacturers over the cbuntry are working their plants over- time to mee emands of the holi- ing demand and manufacturers inithe start, wheat prices underwent a New Jersey and Pennsyivania today|moderate decline today during the predicted th. would advanceearly dealings. A rise in_Liverpool Brings Joy to South ! ATLA mber 10.—Continued optimism prevails in business and 3 ircles here as a result of £ price of cotton -ment of a new $2,000,000 | tourist hotel and an eleven-story of- | ted here at| derwear, sweaters, cloaks, overcoats | Reports of a similar nature were made | from the Hudson and Hupp plants. | January Reveal Gains in Trade | ducks. eons, ‘pair, 20a25; guinea fowl, each, | Capital Columbi: Eggs—Loss oft and native nearby |Commere or Octoher were $950,000 ahead [fiTsts. doz., 53a55; southern, crease was due to the higher tariff [Store packed, 29a3 wehedules, but tonnage also increased | 32; Process butter, 35a36. NEW ORLEANS, La., November 10. | packing sow fields Fruit and Steamship Company | with the Cuyamel Frult Company was | imes. Five per cent loan. 74 francs|33 pence per ounce. The dollar was quoted |cent. |live pigs, 3.00a8.00 each; live hos: 50a2.0 delicious, No, 1. per bbl., 7. 49.00; per box. 3.00a3.50, Californi | oranges, per crate, 6.50a7.00; Florida| i Lemons, per box. 0as.00. | ¥ 3.0024.00. Peaches. per | D bas| dew Cantaloupes, honey- ket, 1.00a2.50. b | per ba pasket. ppers, per ! . K. bbl, 50a! inach, per bbl 25. Lima| ns, per gt., 60a70. 50100 ver doz., ¥ AND PROVISIONS. BALTIMORE, Md., Special).—Potatoes, a Selling Prices at 12:30. Corn—Popcorn, 3.30 and 3.40 per contract spot. §1% per bu.: No. no quotations.’ o' receipts; market firm for TODAY'S CHICAGO PRICE! CHICAGO, November 10.—Notwith- standing a little show of firmness at al quotations was responsible for the in- itial upward tendency here, but buy- | ing lacked volume, and the market was readily depressed by scattered | selling. In this connection some no-! tice was taken of assertions that with | the British and French in accord, anx- | iety regarding the Turkish_situation ! had been almost dispelled. The open- back. Corn and oats eased down with wheat. After opening at % decline to 1323 advance, December, 893 to 69%, the corn market showed moderate losses all around. Oats started unchanged to % lower, December, 42% to 4214, and later con- tinued to sag. Despite weakness of hog values, provisions were steady in the absence of any aggressive press- ure to sell. Subsequently there was considerable evening up cf trades so as to mini- mize open risks during the double holiday—tomorrow and Sunday. Prices closed unsettled at the same as yes- terday’s finish to % lower. WHEAT— Open. High. December 1.151 May 14! July 05 CORN-— December Jay u IJ’.\’I‘ December May July A A A A A A i My Low. 1151, 1.14% 114% 11 108 % D, n Ri 9.95 1030 10.10 10.45 9.95 10.27 January May. RIBS— 10.05 10.40 DAIRY PRODUCTS. BALTIMORE, Md., November 10 (Spe- cial).—Live poultry—Spring chickens, 1b., 20a22; Leghorns, 16a19; old hens. 16a25; Leghorns, 16al7; roosters, 14; 20a25; small and poor, 18; geese, 22a3 turkeys, 40a42; pig- 45270, 52a53. | Butter—Creamery, 40a42; ladles, 32a34; rolls, 30a32: Lincoln dairy prints, 30a & CHICAGO LIVE STOCK MARKET. CHICAGO, November 10.—Hogs— | A Recelpts, 25,000 head: market active; 5 to 10 lowed than Thursday's best time; bulk, 160 to 210 pound aver- ages, 8.30a8.45; good 225 to 300 pound butchers, 8.5028.60; top, 8.60; packing sows mostly 7.35a8.10; pigs steady, mostly 8.50; heavy welght, 3 medium _ welght, 8.3 welght, 8.30a8.40; 8.50; packing sows, smooth, 7.70a8.15; ing pigs, 8.4028.60. ally steady on all classes; practically | National Union. o e atrictly aholge: Heaf tvars o roar TITLE INSURANCE. lings offered early; bulk short feds | Columbla Title 5% of quality and condition to sell at|Real Estate.. 8.25a9.75; western grassers in mod- O R CRLLANDOUES erate supply; best matured steers sold | o ibia, Gravhoplione com. 3% early at 11.50; few sales short feds, | Merchants’ Transfer and Sforage 100 . 9.00a9.75; veal calves actlve; bulk de- | Mergenthaler Linotype ..\..... 174 176 sirable heavy bologna bulls, 4.15a4.25; | 0ld Duteh Market com. 2y s bulk canners, 3.85a3.00; buik veai |Lanston Monotype 0% 3 calves, 10.00a10.50. e oty Dreeaes = Sheep—Receipts, 15,000 \head; fat | Yashiogton % . lambs opening weak to 25 lower; early top natives, 14.85 to city butch- The amount involved in the sale is; ers, 1450 to packers; top fed west- in excess of a million|erns, 14.60 to packers; no early sales feeders; bidding around steady; two loads. sixty-one-pound feeding lambs te Thursday, 14.25; sheep fully steady. LONDON BAR SILVER. LONDON, November 10.—Bar silver, Money, 1% per 4+ & el 200250 D i s\vee(“x'fi;l;h;&l:“.\;,r'n. C. Thompson had acquired several hun- | lina, 1.00a1.50; nearby al.75. dred shares of stock, largely com- tuce, per crate, 50al.2 ine let- | mon, In the same company. Asked tuce, per crate, 50al bergz let- this morning whether this stock was tuce, per crate, 5.25 Cabbage, | for the purchasers of the big block northern, 1.23a1.50° he declared that every share of the cabbage, per bbl, 1.25al.50. stock offered was for 1o plants, per crate, 1.00a2.00. Tomatoe: American Bankers' Associntions. nearby. 2.00: B Following ofF; of the \. B. \ 2.5023.50 v Fred o {be retired with the January inte date, throuch the sale of of preferred stock which d for that purpose. however, the statement is ton, made bonds will not be carrots, 100, uli-! ealten, the company will re- bbl, 4.00:x6.00; celer: tire 1 at par and acerued cucumbers, crate a stated da and there- crate, 4.00a4. aturity, using the pro- bu., a0al. if preferred stock joyster pi trate of interest bushel, 8 any bonds are not retiredy peppers, urity. 1 5.00a10.00; spi These bonds a few ars ago sold | <quash, basket, down to 50. while the stock of the | busket, 1.004 company. Tow on a 6 per eent basis. nips, basket. s0ld to 10, as compared with about 90 Apples— at this tim of the federal res is an increase of 0.4 per cent over| plneappl €.0047.00; | the reserve of one week ago and 6 per quinces, bushel. cent greater than the combine serve of all the banks one Wheat—No. 1 red winter, spot, no bl quotations; No. 2 red winter, spot.jchanges except in the “uncollected 1.30% nominal: No. 4 i No. 2!items" which are off $50.000.000. red winter, garlick % nom-! Rills houzht in the open market and inal; No. 3 red winter, garlicky, |bills ounted have increased about | 1.16% vember, no bid; December, |$50,000,000. | no bid. Bank Clearings. i Sale one. the improvement in busine: ; No. 4, no quotations; cracked | Clearings showing porn. yellow, No. 2 or better, 80 DX 444000 "tn Hoston, and $3.000,000 in R A ! Philadeiphia. L e No. 2, 55 per bu| Business in Washington Is improving iy S i | steadily, much holiday shopping being 8 o ot < under w. O e Merchants are preparing to gat ¥ o Pt : & fair to good timothy at 16.00a20.00. AL anks operating: clubi | LNy (L dangled rye 130021 The Bank of Commeree and Savings e, e 1 9:50210.005 No. 1 il) install a_savings club, under plans oat, hom Rty 2= 9% worked out by John M. Riordan, its cashier, with December 11. stood one or t Washington Stock Exchange ing, which varied from unchanged i Railway and Electric pfd.—18 | fizures to % higher, with December, | at 7%, 7 PRl el 115% to 115%, and May, 111% to 1141, was followed by a general set- BONDS. Ch @ Capital Traction K. M. 3s. City and $ Georgetown Gas Potom Potomae Elec. Cons. Potomac Elec. deb. 0s. Potomac Elec. Pow. g. m. Washington Gas Washington Gas 7 Wash. Rwy. & Elec. 4s. Wash. Rwy. & Elec. g. m. 6x. Security Storage Wardman Park Hotel 6s Terminal Taxi pfd. Farmers a 3 fancy, per Ib., | pederal-American ar and were $140,000 above the | 50a51; prints, 51a53; nearby creamery, | Liberty - Second Washington Continental Trust . light 1light, 8.30a | Washington ‘rough, 7.25a7.80; Kkill- | American Corcoran Cattle—Receipts, 5,500 head; gener- | Firemen’ Discount rates—Short bills and | 1%:x Mareh 13, 1926 three-month bills, 2 9-16a2% per cent. ! $13s deptcinlac 1. 1035 ashington Gas brought 56 to 55%. s 5% at 95% and Rallw; 3% completed the da ond section heing For Locnl Interest: Trior to buying the option on the ig block of railway ste Mr. Wil There are tes Realty t debentur ton. For n current t nd Improvement 5 honds held in W me rumors bonds Increaned Reserve Ratex. The tots - to deposit Hability | srve regional banks | k. T6.4 per cent. | t the close of the w Rediscounting has been rger, but the statement s The larger cities continue to reflect tre of the 10, pract] . which will be It is under- vo_other banks will heip | long the savi movement. i —_— SALES. shington Gas Ligh . 10 at 56, 10 | . 10 at 79%,. AFTE shington Gax CALL. 8300 ut 951, $500 at! ahington Railway and Electric 4+—$2.000 | Bid and Asked Prices. PUBLIC UTILITY. BId. Asked. merican Tel. o115 merican Tol. i : m. Tel, and Tel. etl. 3 ‘Tel. and Tel. conv. 6. nacostin and Fofomae nacostia and Poto . and Potomac ephone 58 and I, Telephane of Va, 5s. burban 5s etropolitan R. RX. br. Electrie Ist . Pow. £ . Alex. & Mt. Ver. Ralto, & Annap. Bs. MISCELLANEOUS. . C. Paper Mfg. 6s. iggs Realty 59 (long igka Realty bs Market Cold Storage 5. STOCKS. PUBLIC UTILITY. . and Telg NATIONAL BA) istrict . atlonal Metropolitan igEs . TRUST COMPANY. mericrn Security and Trust TREASURY CERTIFICATES. (Quotations furnished by Redmond & Ce.) ——Noon.. Bia. Ofter. 0 i 1003.16 1006- 99 13-18 100 1.1 991516100 1-1¢ 1o Iy 014 102716 1001 100% 9% 100 0% 301 ! 0% honds and stocks dealt in on the New York Curb Market: BONDS, itigh. ke aN1G 100 Amer Rej Am s Am T & onda 115 Int R 2 Kansas G 31 Kn : Tab Co con y IR Buds . Itklvn ¢ uddy Repetti Candy w0 Motor hulte Star 3 C & 1 Standard Motor 10 "3 1 Technlcalor Tnd w 1. 2 3 Timken Axle ...... 30% 5 Tob Prod Expodts.. 6 Todd Ship . Lo 6% 6% 0% 1% 1h 1A Wayne Coal ....0 @ 2% 23 West End Chem .. .65 .64 .64 5 Winthers Motor .. 10% 10% 10% MINING, 9 Alaska_Brit-Colo, Alvarado Min . Rixon Belcher Rig Ledge Bost & Mont. Cons Nev U Cork Provinee Cortez Silver Dear Cons Divide Extension. Dolores Esper . Dryden Gold Salvador . Hollinger’ Hecla Mine Howe Sound. 70 Independence Lea 10 Knox Divide. 210 Lone Star 3 Mason Valley.. M i 180 [ 43 40 20 Nevada Sily 7 Nipissing 50 Ohio _Copper. 48 Ray Hercules 10 Rex Consolidated.. .07 10 Richmond - Copper.". .27 10 Sandstorm Kendall, 03 20 San_To. L0 20 Ruby Rand Mines.. .37 . i # Siiver Mines Amer. 15 2 20 Spearhead Gold ... .07 07 07 2 Teck Hoghen .00 88 s - lag anopah Belmont .. 1 10 Tonopan Cash Boy.. .12 128 3% 152 Tonopah Divide s 17 Tonopah Extens 3% ‘8 1 Tonopah Min . 2% 2 20 Tonopah North o0 o7 15 Tuolumne . a2 42 84 United East 1% 1% 20 U'8 Continenta 5" a8 11 Unity Gold . 4 a4y 6 West End Cons 1% 1A 40 White Caps a2” a8 20 Went Utah , KT T) 5 Yuko Gold % 80 80 INDEPENDENT OIL STOCKS. 8 Alcan Oil . 2 1% 50 Allled Oil 10 Am Fuel Ofi 6 Ark Nat G 120 Boone OM1 .. 31 Boston Wyom 20 Boston Mex Pet. 8 CaribgSynd Oity Sy . City Sery g 2 City Serv B cof 2 Cosden- & Co pfd. 20 Engineers’ Pet. 128 Federal OIL. 3 Glen Rock Ol 14 Granada OfL. 3 Gulg Ol of Pa. 10 1udvon OiL... Livingstone Oil i Ind PT . Tnter Magnolia 1 Ohio Ol i Wall Street Features | Special Dixpateh to The Star, NEW YORK, November 10.—Each point advance in General Motors fig- | ures out ten points in Du Pont Pow- der, accord to calculations based owned by the Du Pont company. When Du Pont stock bezan to shoot 1 today it naturally brought v ing into General Motors. The meeting at which action might ken upon the General Motors: d is scheduled for next month. n s that there will aration of 25 cents a share. Van Raalte Again Active. The move in Van Raalte stock was |resumed today after whoever put- it up had taken a block of a sand shares at 66, The technical | position of this stock is operations for the rise, | arket so narrow a ] are only 80,000 shares outs and most of this is locked up in! so that it would not read- ily come out. Manhattan Shirt. Manhattan Shirt directors meet next week. The anticipation is that a geod- ized stock dividend will be declare nd that the present cash dividend will be in d from $2 to $3. the; new rate wpply to the increased | stock. The fiscal year ends Novem- { ber 30 and bids fair to be'the best in the history of the company. PACKARD SHOWS GAINS. Financial Report Reveals Steady Improvements. The annual report of the Packard Motor Car Company. just made pub- lic, shows net profits for the fiscal vear ending August 31, last, of $2.- 115,828 on factory sales of $38,000,000. That this does not ct fully the y's present favorable opera- ated by the fact that sre all earned in the the first six o is indi these profits w last six months’ period, months showing a considerable loss. | Current assets, clusive of P.’Llen(sl and good will, which are not valued in the balance sheet, are shown to be‘ seven and one-half times the current | liabilities, and total asscts are five ! times the total liabilities, including | the company’s outstanding bonds. { The strong c: position of lhe: ed in the item of nd marketable ecds the amount of bonds outstanding in the hands | of the public by $9,000.000. The sur- plus is $17,000,000, giving the com- pany's common stock a dwok value of 31 per share. Inventories at the: factory were reduced from $21,230.- | 445 to $13,707.088, a reduction of more | 500.000. In his statement to | stockholders, President Alvan Ma- | “The company prepared, during the depression, for better times by im- proving its working personnel. de- | creasing its inventories, improving | its facilities, and developing a new product; with the result that we are now producing cars and trucks at the rate of approximately 1800 per month, and our program calls for a | production of approximately 2,250 per month, _commencing in _December. This is the greatest output in the com. pany's history, and It was accom- plished wlith a smaller orgahization and a much reduced inventory.” CONSOLIDATED EXCHANGE MEMBER IS EXPELLED Cornelius J. Kelley Charged With Keeping No Book Record of Transactions. By the Associafed Press. NEW YORK, November 10.—The ex- pulsion of Cornelius J. Kelley from the Consolidated Stock Exchange was announced from the rostrum today by President Silkworth, who sald Kelley had failed to keep a book record of his transactions, as provided by the constitution. ' MERGER PLAN HALTED. BALTIMORE, Md., November 10.— Because the bankers who have been backing the proposed consolidation of the properties of the Alabama Company and other companies owning contiguous properties in Alabama were unwilling to put {p sufficlent money to pay for all the options held, in cash, the conferences in New York adjourned without accomplishing any- thing. Edward N.Rich, president of the Alabama Company, who lives here and authorized the foregoing state- ment, represented the stockholders at the conference. He added that while the deal was not off, nothing could be done further until a new and definite proposal could be submitted 7to the stuckholders, {prices gene: upen the amount of General Motors i g { 8,067,000 square 1y ! H fore spring. | very. limited. Heav rains started the green feed on the ranges and the outlook for the winter is excellent. PORTLAND, Report of the the s day, when it was announced th; Portland Flouring Mills Com had purchased the fn Walla Walla, consisting 150,000 bushels of No. 1 wheat, November e of NEW ORLEA November 10.— This port promises to cstablish a new record for the importation of coffee this year. The amount re- ceived to date a equal to that brought in la r. when 0,000 bags were rec at ree- ord will probably he exceeded by 100,000 bags before December 31, CHICAGO, November 10. ment. lime and brick Tapidly at slightly higher pric Lumber is being bought in large vol- ume, and inquiries indicate an un- diminished demand for several months ahead. Buflding of all kinds Is being pushed forward. ovember 10.—Paint reported toduy that bu holding up this fall al. Thix _is due to ather and the large amount struction work under way. Th den ¥ and doing night w ATLANTIC CITY Dele; s to three convent will here next werk tio ’il and Varnish tion, the Paint Manufacturers’ Asso- iation of the United States s 1 the tional Varnixh Manufacturer: Sociatio e discussing the bility of a countrywide nat vertising campad Action s expeeted on during the conventions. PITTSBURGH. this pr mber 10.—Stecl to are holding close 1 Corporation quo steel makers will for delivery next vear, Con re well supplied for the b: this vear. This has re in reduced buying in some line nited ROAD BUILDING BOOM. Reports Show Much More Activity All Over U. S. Special Dispatch to The Star. BOSTON ovember 10.—The War- ren Brothers Company, one of the leading road building concerns in the United States, has taken orders for ards of roadbuilding and ' paving during the first ten months this year, as against 5,250,- 000 yards in the corresponding period a year ago. ROAD AIDS QUAKER CITY. PHILADELPHIA. November 10 ( cial). —An increase in retail business of the downtown department stores is con- fidently predicted a_ result of the | ilt and owned - A. which ha n leased to the local transit company for operation. The traction line has brought a prosperous community intc {quick touch with the center of the city | with a fare of 6% cents. President Smith of Speedometer savs the directos clal meeting, November 20, was to declure an extra “We are not contemplating d a stock divi There has been no let-up in volume of business and plants are working on part overtime basis. Karnings are running in highly gratifying volume. Orders booked will carry us well into winter months. tewart Warner (@) COMMERCIAL 7th and Mass. Ave. 1 10— Drumheller crop ! of about | pe-+ Elhine: nd not to the firm, ¢ Z riney which he is the —_— i Computing, T: ing reports of months, September 30, net carnings $1.215.0 after hond int tax, against § riod in 1921, Let us manage | i I R | your Rental Prop- | I erty. Over a Quar. i ter of a Century Experience. i B. F. SAUL CO. | 1412 Eye St. N.W. i Main 2100 broker, who filed a suit in | & Co. of New. York, of | | “",:r : b . Mulm g‘\m"“:fln t:;‘d,,e;'m-r Ib.. 9 Railvay preferred was strong today. | SAN FRANCISCO, November 10— |DATKIUDLey in thé United States m.«»i Money te I.Dan accordiniz to reports from the poi - 9. elling at 78%. The price was bid | vpw v o =5 : F N -— | trict court yes hg his la- New Orleans, received by telesraph| Green frults—Apples, new, per bbl, | awain, with 793 asked. The common },,;t,"i:"n‘,fl‘;“,f; ’;,:‘,L:‘\f'.‘:f",;,?;gf{’fl‘:;’::; 40 Kexutope: Danger: i o ‘for f.':-':."',,‘,',j‘ck";‘s‘“:":,:‘;":‘ I bilities at § nssets e | e o e o ease within the twenty-four hours, | 100A6.00; per bushel basket, nearby, | shares were nominal, at 64 bid, and G Closing prices far the most wekive | 100 Lance Crod with supplies of high-grade cattle || 160,856, His % Joseph I 420 Wash. L. & Trast Weller bldg.. Oth and F a.w. 7% When investing your savings First consider safety. then revemue. Don't let a promised fattering returm influence your better judgment aad sacrifice safety. Our record of 15 years in Recommending First Mortgage Investments Without the loss of a single penny in either principal or interest nor & dissatisfied client is one wn refiect upon with enviable pride. Write or call Loan_ Department for further information. We attend to all details. furnish certificate of title, collect and remit interest the day due, A limited amount in $250 up to $1,000 now on hand Bearing 7% CHAS. D. SAGER 923 15th Street Northwest. Main 36. Loan Dept. FIRST TRUST NOTES Issued Under Our Supervision Are 1st. Permanently Safe, elim: 2nd. Give Maximum Yield, cqually safe investme inating all worry. better than other forms of nts. 3rd. Require Least Attention—we look after every detail for you. Let Us Have Your Reservation at Once Loan Department NNON DHA Main 2345 -& LUCHS 713 14th Street JEWELRY FLOATERS MOTOR TRUCK CONTENTS SALESMEN'S SAMPLES Automobile Inst of Hartford, Cont! | { JOHN T. JONES, Mgr. Branch Office, Woodward ! YOU HAVE A RIGHT TO THE BEST WE HAVE UR depositors are entitled to all the service we can render. whether in the handling of loans and de- posits or in the more personal matters of business advice and co-operation. realized how helpful your bank can be to you. Bring your next business problem to onec of our officers and let’s talk it over. Probably you Every Banking Service 3% ON SAVINGS 15th and Penna. Ave. Capital and Surplus, $5,400,000.00 HOME SAVINGS BRANCHES - 8th and H Sts. N.E. Marine Insurance THIS OFFICE 1S EQUIPPED TO Quote Rates, Issue Policies and Certificates Satisfactory Service and Co-operation Assured AETNA LIFE INSURANCE COMPANY AETNA CASUALTY AND SURETY COMPANY Consult Your Broker. MARINE Inland Ocean TRANSPORTATION PERSONAL EFFECTS TOURIST BAGGAGE wrance Company —Affil ted with A. J. VOORHEES, Asst. Mgr. Building.—Main 18541855 have never 436 7th St. S.W.