Evening Star Newspaper, December 17, 1922, Page 38

C.,, DECEMBER 17, 1922—PART 1. FINANCIA ' 38 THE SUNDAY STAR, WASHINGTON, . D PLANS NEW DRY LEAGUE. P. 0. LOSES $1,740,000 Chinese Arri ECRETARY MELLON SHOW, 1 Farm Journal Editor Will Organize BY RE-ADDRESSING To Study Ford’s HIS BELIEF IN Spubthos e o MISDIRECTED MAIL y EASY MONEY WHITE SULPHUR SPRINGS, W, Big A PI Vo Decomber 16 tamuel. Adsms ot | Waste of $1,740,000 annually, due to ig Auto Plant :il“:;"o' h:M [m, o Nm?rm | PRy e 2 Y 9 ) re-addressing by post office clerks of e s fL Ra C -fi . ciation embracing many farm 2 . y the Assoc Press. o o e | o i o W w00 ey addrmed e et o pmeeareas - 1Success of Low Rate Certificate Sale Indi- ernors' conference here, left today for P nd other mail was announced yester- youn Washington to organize “the League Virginia. Vireini r i i#a | day by the Post Office Department. : 28| psnosguARdjoLiasyeral N dred TOLEE, 'I'h M I Nt consslz | Virginia, Virginia and Mary- |Large Bank Hinted On Site [dsy by the Post Ofice bepartment. | Investors Studying Foreign | Chincse. many o them sreah_ from cates That Many Investors Hold L Mr. Adams sald organization of the land Coming in January. e e e reantis 3 Chinese universities, were arriving lrague has been discussed with a| . of Old George Wash- 375,381, officiuls said, and the saiaries| LO@N, Railroad, Tax and |[here today to enter the ¥ord Motor A - number of senators and representa- | ——— of postal employes Tequired to re-nd- 4 Company plants preparatory to tak. | atety ove Interest. - M 1 5 1 H H ac In, s 0 t the 1924 campaign in mind. It would| Large delegations of advertising | ington Hotel. ??Tfio,‘&'&}",‘”“’.fi,"y reacheajmorefthal Trade Outlooks. o e e 1 r x'::.'bnl.fhs l};m{a arters in Washing-|men are expected to come from Only a small part of the huge total The men are to be given a thorough | b 3 fon. hie said and soon announce its|\Wiceling, Clarksburg, | Fairmont, ot ineorrectly addressed ‘mail comes training in American manutacturing BY L A. FLEMI bank president. “Sve what vou can Would give @ larse representation to | Parkersburs and other West Virginiaf Purchase of the property at the o e ey BY BYRON SELLER. et e | Cu s pain Es e cretay M T ghas Ay B SR T T points: from Bristol, Tenn.; Norfolk,|Southeast corner of 15th street and |the department sald. nt out in the | Special Dispatch to The Star. e mlgttes f e demonstrated his almost uncanny | Branch Bankin; = = { Rtchmond. Alexandria and other Vir-|New York avenue northwest, known form of circular letters and advertising | NEW YORK, December 16.—There judgment of the money markel| purgon reference to a sublect upon ; M.C"h{;" . ! ginia cities, and from Baltimore and|as the George Washington Hotel, to- |Mmatter by larke wners of mafl, and by |y 4 1ack of speculative support in the People have long since come to the|which the banking fraternity secms "‘zm é‘s"",‘“"v"““ other Maaryland cities to attend the!sgether with the Fleming building, |ing lista. g bond market. That is one of the re Con-lusiopjtuatithe present OCC"MM‘I&T«I ox@esainnaulaionsly 40 xenuiney twostory 2o K St N ooms. bath; | dIStrict convention of the Associated | fronting on G street, by a syndicate R sons that may be given for the in- of the office of Secretary of the Treas- | “prom thix viewpoint it does mot ! gencrete cellar, Furnace heat. Newly bapered | Advertising Clubs to be held here|organized by Albert O. Hagar, presi- activity and lack of trend shown by ury knows his business from the look as if branch banking can be nd painted.Open for inspection. {January 9 and 10. dent of the City Central Corporation, e lin restiient iathots ROt doly (Bl 8round up, and that when he makes &opped except by the large over- Price, $3,500 | The sessions will' be held simul-{Wwas announced yesterday. It is under- week, but for a month past. an offering of Treasury securities in | hend charges and the filling of th asy Terms _ | taneously with tne meeting of the|stood the total consideration involved A Neither Investors nor traders are his refunding operations that they) RBranch banking is no new thing in Floyd E. Pavis | National Advertising Commission, | was around $1,000,000. buying bonds with the expectation of offer employment of cush at a fair| Washington. . The Home Savings £ i | which will convene at the Hotell The property is to be held and b capital appreciation, except in the | Handbook Detailing Resources Pre- jmarket rate. [Eomnik Misfits Borahh s Ken S Aats mep / Main 353 { Washington on those two dates. e el e e gase of ‘2 few. speculative lusues. When his latest offering was made | | o waerarb oo by rust o National Divislo: [ieacr it e siatea’ aiis under- | ;TIhxl‘glil::gnfi:’l‘cf: :Lxfi:u::fin:r:l:‘s” pared by Smithsonian bankers at once predicted failure for | many moons. Back in 1913, ween (he 4114 F d s e S and delegutes from the | stood that this development includes| the new vear, and the course of the| Institution. the short-term certificates at 31; per | United States Trust Company closed essenden . [ff| vertising. such divisions of.2d 1 the erection of a large bank and|Director's Report Shows Govern-|market after that date will depend | 2 cent, but mediocre success for the! il meteoric career. it operated fou 3 Newspaper 3 e g 4 or five branches and no one offered ui Nocthwext ecutive Association, the American | mercantile building. Details of the t A Has B it B e e tha B irovers 4 per cents, while every one admitted | objcction Advertising Agencies.| y1ans for improving the property ment gency Has Been ! situation and the relation thereto of| An educational handbook on the |that the 433 per cents would be in| If branch banking a_ tonic for VACANT al Association, Associated Retail| = 2 - | iciowa : 1 e resources of Penneylvania has been |great favor, as they more than re- | State banks and trust companies, th. e : £ ete. will have their dele- | Were not available for publication, Aid to Industry. e sovernment ot 'l'(fls been the | | epared for the schools of that state |turned even with a 5 per cent high- | Rational banks have a right to ' cus Price reduced $1,000 for ions in attendance. it was said. Cora G o oK K P ‘27| DY the Smithsonian Institution. The |rade corporate bond. into the same pool for profit, or loss odi 2 The members of the Washington| The property was acquired from the S inimizel the importance .0k book iwill ibe iplaced) 1 tically | Bankers declared that they would |as the case may be. immediate sale. Adve-tistoss Clab.a o ) ghod o _ America’s foreign trade. Grain grow- il e placed in practically ey | % 3 Advertising Club are planning to at-| Nairn estate, for which the National ok ‘2 lla hatcoll “Buussuing the | aesiaia SorelEn (rad s HGLRINEL oW | every achiool in ennsylvania: buy of the last-named issue. but| It is doubtful if any legislation will Only one square from tend in a body, and Chairman Me-|Savings and Trust Company was trus. E it of Industry.” the bureau of|Lter. The price Bt s cereals is fixea| Causes of waste and how to stop|Would not back up elther of the other be passed against neh banking: ’ car line. Thoroughly mode || Giare of the National “Adverusing The ‘estate had held the hotel | Waste olit of Industry e e O i the avora et s 1o mhess| 1t and future problems in connection |issues with their own money. what- | certainly doubiful, very. if any re- ¢ roughly mod | Commission has asked F. X. Wholley, ) property for about half a century, It} Secretary of Commerce Hoover by the | Europe fs atle to pay (he"price the | With the conservation of resources ever their customers might do. | troactive legislation is undertak ern, with glassed-in sleep- ‘ice president of the Associated Ad- | Wwas learned. Joseph I Weller nego- | Secretry of, Commerit, BEGEC L hag | Konierican: farmer wiil suffor.” And the | are deald with in the book. But there was a generous oversub- | Uatil there is some action of > Sk S vertising Clubs. to invite the mem- tiated the sale of the hotel to the |} .. ol pia hecause of the great amount | country b R The book declares that, while elec- | Scription to all issues, again giving |tive character further c ing porch. Garage room. [l vers of the Washington Club to meet | syndicate. eeause of the great amount | country cannot be permanently vros-) [T pook (egiancs (hat, whle €io0 | loteloned approval of the Secre- | : S aatoiatic bl [ with them at luncheon duriug the| The ground to which the new own- @ iiintig perous without a prosperous and con- o ; ' o ary’ e i as automatic oil-burn- Buention | e r R abenined titlAlhas An Arear o8i9:000 the prob (n\{ of eliminating | tented—put emphasis on contented— mnlrlx in industry and in the home, it Hl;. :Juldz:lm‘n;- . ione Stocks Active, Higher. . . > conventio t LS e has g exertion and false mo inlag e v ably nevi sally | that judgment is unquestion- a ing equipment in hot-wa- Rezall Advertixing to Dominate. e e Situated Aarosslram ae | inquatr O e c""",:" £ Eeanane o .«'.'m‘keur:gwun‘é" m.:l’.',l,‘g’ {a1y in Tavor of a long period of easy || 2l L oomant enivellminge, biag y ter heating plant. angements | et amone e o ed “,‘,‘.’[“.‘3 Just n \:(t.h?.r:.l'llrz:d“:-rl. Sianine] B oei O LoD AT ",','::,':,'f;‘,“:"sro';l'f,“,'l'l-‘;f‘l,"’L‘:S"fi;;”]‘l:‘w“ !although wise Gnes ar ;;;:l?::’;”\:-‘rh\ s cetall o gl niat 3 he vear one of the mo \teresting Just no 2 s are bea e ¥ s s ey s An excellent buy at SIS et aady beer: regarded as one of the most val- { e G5B 800 "0 The complete | the brunt of (he attack by the repre- S OE B s |9 Tooks. very much as if the de- Tautiously: for this § time " w SRO00. |1 diate o S e ton i ess sites in Washington, | Lo VeRaES CEER W L rtorm. | Sentatives of the agricultural inter-{ The work states that to install an imand for acoommodations from the unexpected happen at $8.000. Immediate posses- Eention inck _(‘\nlun»;lmn.‘ Iz yead Washington Hotel ~has | 310CY) & SG TR (0 in the labora- | ests In Congress. The campaign | electric heating arrangement in a I merchants of the country would con-{ /e _ sion. i e e e L ERdmasiatidilscomnan on N on the read. to increase the | for lower rates is being actively | household would cost $3.400. tinue light—as if they liked and[ i€ bilge has been long continued Open for inspection from 2 to D il ehaiA e i anhex coutivesaty oD m;‘;l:‘e",““‘u“é'r::)“""“f."fi”‘l':_:“ same Y ‘of internal combustion en- | pushed. The Interstate Commerce| The data presented on the resources | would continue to do businession #ho BV UL NN Muo0esaie WeacHion | e cousin ‘avenue to Fessenden. [l|| government executives also are to be|make way for modern office buildings, Bopes to lower a0l Com o by [ O B tsral product © Secrstary | every statement visualized by a pho- |Gfferin poarKets e money is a factor, . provided turn to, right and drive in oué || on the list. “Members of the adver-|banks, ete. It Is a foursstory edifice, | of B o venr It s estimated. | of Agriculture Wallace testified the |toEraph. diagram or graph. Perhaps OmeringE. leave the demand, local- | LNere is some scttlément of the Buro- SgisEe toinanacs | tising clubs ‘of Philadelphia, Wil-| the street floor of which is occupied | * G *0 R NEAT Uoiances for | other day that unless the railroads|the most striking illustration given |1y, largely up fo the real estate in-|PEAD muss of a practical nature | mington. Pittsburgh and Harrisburg ! by stores, and the upper floors by the [y, ot c18% 0 ‘waste gas and have | reduced rates there would be a gen-|of the value of conservation methods |terests seeking mortgage money and Traders are convinced that no LOUIS P. SHOE] {have been invited by the National|hotel proprietors. e Y. B8 ¥ is in th o eress o E: 5 ropean nation wants war if there . e o ML Wiholley de=| = Fight e il effects on the health of the user, the | eral readjustment of industrial and|is in the matter of cokc ovens. 1In|to brokers with thelr collateral we- |, yay § ROy SOEMAKER | Conmiicn. " %, iy’ 35| im0, S5, etares comppmne | D00 LAl o by, SEpiets | Sien el rodueion 1= e st Lehiv vt 1ns sl 5 Bhrc | oy o7 Toane b Brivate” om0 gt 10 T R e M b Gbe et ashingten halbigecst) Fun poritortheomine pIbaiClTCon mhich resulted In recommendations o States. " rrom tme|iironsh an onening i ihe tob of the | “Durag the sear 193z the local| ThAL we are on he eve of n - | conv : ear., | tral oration, e heads, has | ¥T¢atlY 3 L e : : 5 . : : u 3 e ous happenings is admitte DALt endanCe s Fporads : {iean ty of gas burners. the report says. farming interests becomes more in.|Oven, leaving as the only residue the | banks held thelr rates stiff at all 3 exesptinginag S rimetcony e dom e o e pand I various] ~Among othcr experiments, the bureau | sistent every day. Probably the ouly |coke. In the by-product eoke ovenstimes. = On their goconilary surpjus| USech Sutirely ba the costecenie be States has taken up problems in the fields of {let-up in this campaign can result|coke of equal quality is produced and | they would take the going rate oOn|g ;4 4pe’ o organ and the President i3 3 standardization of weights and measures | from a substantial rise in the price gases evolved from the distilla- | \wall street, but on local loans they | 30 e return of Ambassador Ha 4 — o vt ion *heetrierte, | or P ] T wiarly goain: | tion of the coal are withdruwn and |insisted to the limit on straight 6 per (YQy ST = = FLAYS MOV|E CENSOR heat and thermometry, optics, chemis- | and unless the general European situ- { saved. cent with a commission on building ether terms can be arranged to | SHIP engineering. phy structural en- | ation improves no such rise is prob- Gases Produce Coal Tar. loans. & e oner e, S NGRS OWEED AR ; s 2 i S o stion. Cise Ger- | ate Senator Declares i Z ¥ which ma e derived dyes. per-|5® el s 5 2 or leas “contradictory” reports as 10| fumes medicines. preservatives ex- | K. in view of the great agditlons to; Local Securities. Constitution Protects Cinema. e o O A ion with its | Plosives and many other valuable Housing EapRcelduning o aR e s e L AuCALIOOXDOTALIONN. (SUMOKL 3 Shee thr fuzeg at Washington in connection w s | D A ducia fertitizer and gas | cost of labor and & ! lessening | without exception, are selling vers CLEVELAND, Ohio, December 16.— mar ihe i Sozolne Telataions to foreign affairs. Thechemical products: fertiizer and E2tlof the demand, although high-grade|close to the highest point of the year Censorship of motion pictures consti- e vllpaitics of aaon | Potonaeeens (o e TH d";.‘c'r‘i‘,‘,filunl_\- slightly inferior to the ordinary (apartments ave P O oents | LVith bul very few exceptions this ir tutes “an invasion of constitutional in industry. the saving to|G 5 D e |manufactured gas. In the vear 1920 | While ihe XS ; floors 1n | "Tne cor ° u Germany as approaching ‘“complete factun Yo rent” are largely upper flo The come back in the local mark rights and is contrary to the guar-|(he country would more than pay the | fnancial paralysis” There is talk of [ 35 NaS wasted through the use of | private dwellings. has been eminently satisfactory i e 2 g ) edom of the press and ‘,:.’:é,.".,f"'.‘fiv Lesearch institutions a8 |a huge loan to save the German "“"I:’:;oo‘oeufoomfo ovens 1o the extent of |PTlt “there is so much money|nolders of Capital Traction and ¢ h Situated at the south end of the Conn. Ave. Bridge J. Walker of New |number of years 5 oF #Jation. it Vimes the: entire amount of | awaiting government financing in its Washington Railway ~shareholders v —unobstructed view of Rock Creek Valley. enator, declared here Workable Loan Difficult. manufactured gas sold in the state periodical refunding_ o‘:":ne nan: Bank stocks, too. with an exceptic = : £ Y. i in an address before the City 1t is hard to see what security could |of Pennsylvania. omething of a surprise to or two, are grinding on high Apartments of two. three and four rooms with e L 0n0e . e 2 cial world. Never has the return to banks bee be given which would enable such < Bath anil Bakories “A picture of a current event e e macea A aE Ca B ot Tt probably represents the Savings | more satisfactory for they have ma ath a SIS thrown on the screen constitutes a 102 0ut ' all the confusion over repa LINE BRINGS $700,000. iof o large class of inyesiors WHO | taineq the 6 per cent rate steadil unlized press. but it can be cen- 5 s e h000. 172+e veen untortunate in their ob-{and the mortsage money demand hax : s rations and international debt, workable plan comes, it will clear the way for consideration of our own business and financial condition on its merits and so permit the invest- been such that high rates were oi- tainable all vear. Extra_distributions will be a big factor in the January disbursements Bonds have been going off a little erations in corporate bonds, even though they have not participated in blind pools and in the purchase of stocks and bonds that are entirely without standing in New building of fire-prooi construction—modern equipment, with two electric elevators. red in some state,” Mr. Walker said. The same picture printed in a new { paper cannot be censored. A ma jspoken words can be printed in CHOSEN BY COMMITTEE Association Executive Board Holds Another Branch of “Katy” Bought by New York Brokers. Representative on the premises For floor plans and reservations see ThomasJ. Fisher & Co., Inc. 738 15th Street N.W. Rental Agents USE RADIUM Do you suffer from Nervousness, Insomnia, Neurasthenia or High Blood Pressure? USE RADIUM. Are you in agony with pain of Rheumatism, Neuritis or Arthri USE RADIUM. 1f Constipation, Kidney Trouble or Prostatitis is your dis- order—USE RADIUM. daily newspaper or delivered | auditorium without censorship.. T jsame words porjected on a screen aj liable to censorship. to its logical conclusion and it easily seen that our much vaunt boast of freedom of the press a speech will become an iridesces jdream. l PERPETUAL BUILDING ASSOCIATION ‘Pays 6 Per Cent on shares maturing in or 83 months. It 2 in_an Carry this thing | Meeting in This City, With President Roberts Presiding. Route of the Lee highway was de- termined at a meeting of the execu- tive committee of the Lee. Highway ciation held here this week. with resident Henry Roberts of Bristol Tenn.. presiding: Col. Clarence O. nd Dr. S. M. Johnson of this D. Hull. jr. of Reanoke. Va: Coffee of Vernon, Tex.. and E. L. Mc- Hugh of Wilbarger county, Tex., pres- ent. The route selected follows up the Red River valley of Oklahoma through Durant. Ardmore, Lawton and Fred- erick: thence across the Panhandle of Texas through Vernon. Paducah and Plainview to Clovis, N. M.: thence by El Paso, Tex.. and Phoeni riz., to San Diego. Calif. Oklahoma is reach. ed from Washington via Roanoke, Va. Knoxville and Chattanooga, Tenn. Muscle Shoals. Ala.; Memphis, Tenn.; thence through Little Rock and Hot Springs, Ark., to the east side of Oklahoma. > The program calls for quick con- struction and the early completion of the Oklahoma and Texas sections of he re is ed nd nt ment markets to take their natural course. Minor influences are the pressure on security prices from so-called tax sellers or those who sell to estab- lish losses to avoid tax payment: Quotations are artificially depressed in this process. Such selling bears most heavily on the obligations of any railroad. for instance, the earn- ings of which have been com- paratively unfavorable. Unless there has been some decline in the price of the security held. there can be no loss recorded by its | sale, the amount of which can be de- ducted from net income for taxation purpeses. It is therefore impossible to distinguish between the loss in market price which may be due to perfectly logical reasons and that due to this artificial condition. After the first of the vear this load will be lifted. Trade Outlook Good. There is always also uncertainty as to how far the present improve- ment in general business will go. If it _should continue throughout the winter and spring there would be profits available for investment pur- poses and the outlook for securit prices would be correspondingly im- GREENVILLE, Tex.. December 16. —The McKinneyv-Shreveport branch of the Missouri, Kansas and Texas railroad was sold here today to rep- resentatives of Cook & Nathan, in- vestment brokers, of New York, who are said to hold an agreement to transfer the prejerty to William Edenborn, president Louisiana Rail-| road and Navigation Company. The price wis $700,000, the minimum bid fixed by the federal court which or- dered the line sold. LIVE STOCK MARKETS. BALTIMORE, December 16 (Spe- cial).—The general live cattle market rules quiet and easy under ample re- {ceipts at the stockyards, but wharf receipts light. Demand. however, cen- tered on top-grade stock, with com- mon to ordinary cattle slow sale, even at_discounts. Quotations today at Light street wharf: Calves — Choice handyweight. 1b. 12 cholce fat. heavy veals, l0alil; fair to good, 9a10; heavy, rough veals, 6a8; small, thin calves, 4a5. Lambs and sheep—No. 1 sheep. 1b. | 5a6;_ spring lambs, choice, 14; fair to | the markets of the world. So many people have been losers even in their most carefully selected investments that they are out of the! market for good and all and find satisfaction in the semi-tax-free se- | curities of the government, with the absolute certainty of receiving back their money at the stated period, and not only that, but a moderate rate of income safe and sound during the interim. And one cannot blame them. There are cycles of ups and downs in_the market Practically all the millionaires in the country who make investments in stocks and bonds lost a very large percentage of their wealth in 1919-20. They were worried. and while they fretted. some of the little fellows, wading near the shore in the market, were engulfed. Z The latter have not recouped their substance in the market, but the mil- lionaire, if he held on—and he could not do much of anything else—is! again happy in the late advance that | has recouped his substance. And when many of the little fel lows accumulate another dollar they will play in Uncle Sam's pool, where they will never get over their heads, iStockholders of the Nash Motors Coni- late but that bas been due to rea! izing, taking profits. The business bonds_for the year will not be fa from £2,525.000. The movement in Railway commo is satisfactory to holders ‘who have caited long for xome kind of a @i tribution, as the advance is taken indicate that such action is not far off. NASH MOTORS COMPANY TO INCREASE CAPITAL Stockholders Approve New Plan at Special Meeting Held in Baltimore. By the Associated Press. BALTIMORE, Md., December 16 incorporated under the la of Maryland, today voted un- proval of a recapitalization plan in creasing the stock issues of the coni- pany. Under the new plan the com pany will have an authorized capi- Pays 4 Per Cent on shares withdrawn be. fore maturity. Assets More Than $8,000,000 Surplus More Than $800,000 Corner 11th and E Sts. N.W. JAMES BERRY. President JOSHUA W. CARR, Secretary good, 12a13; poor, small, common and thin, 7 to 10 Beef cattle—First quality. 1b.. 7a8; medium, 5a6; bulls, as to quality, cows, choice to fancy, 5a6; com- mon to fair, 2a4; oXen, as to quality, 313a51e; milch cows, choice to fancy, per head, 50.00275.00; common to fair, per head, 30.00a50.00. Hogs—Straight, 81:a9; sows, as to quality, 6a8; stags and boars, 4 live pigs, as to size and quality, 8a10; shoats, as to size and quality, 8al0. CHICAGO, December 16.—Hogs—Re- ceipts, 9.000 head: holdover, 11,286 head; closed active, steady with Fri- day's close; bulk, 220 to 260 pound butchers, 8.00a8.05; bulk, 140 to_ 180 lpmlnd averages, 8.10a8.20: top. 8.20; packing sows mostly a7.60; de- {sirable pigs. 8.00a8.20; heavy hogs, 90a8.05; medium, 8.00a8.10; light, talization of 225,000 shares of T per cent preferred stock of $100 par value and 3000,000 shares of common stock without par lue. Provi is made for a sinking fund of 2 per cent for the retirement of the pre- ferred stock. There is at the present time oul- standing 35,000 shares of 7 per cent cumulative preferred stock, which has been called for redemption 110 on February 1, 1923, and 54, shares of common stock without pa: Quarreling Again. Mrs. Gadjoy—Oh. Henry 1 won three straight rubbers of bridge this motions. afternoo: In connection with new offerings Mr. Gadjoy—How many did you of securities the wise advice of a' win that weren't straight this highway, which is being built as a memorial to Gen. Robert E. Lee. —_——— MINE FIGHT CONVICTION. Jury Finds Conspiracy to Attack. Appeal Noted. WELLSBURG, W. V- —Another conviction resulting from the fatal Cliftonville mine fight dur- ing the coal strike last July was re- turned in circuit court here late to- day. The jury, out twenty minutes, {found Teddy Arunski, a Pennsyl- vania miner. guilty of conspiracy to incite striking mine; to attack the {plant of the Clifton Coal Company. !~ A motion for a new trial was filed | January 2. no matter how far out they wade. The continued large deposits in savings banks prove that interest with safety is one of the chief con- siderations. Many consider the man that nurses a savings account as not making the best use of his money, but that ~entleman is Al in the class that cor 1 safety above income. And « the dividend is 10 to 20 per cent the element of safety is not much of a factor unless it is some old-timer in profitable business. A new 10 per cent project has been oadcasted” among intangible tax payers in Washington the last week. It is to be hoped that the cold shoul- der will be given to these mail pro- proved. Aside from the agricultural unrest and the foreign situation, the outlook is good. It also note- worthy that merchants are pursuing the conservative course in the matter of stoc’ s of goods, which, it is said, will be smaller the end of the year than at any similar period since pre- war days. The most favorable development of the week, as far as investment secur- ities go, has been the rapid absorp- tion of new issues. This was par- ticularly the case with certain pre- ferred stocks which gave an at- tractive vield, quality considered. It is reasonable to expect a good deal more such financing In January. There has also been eager absorp- tion of tax-exempt obligations. Al- though the process of amending the Constitution to limit further issues Many eminent authoritics also give this advice. As sold in our preparations, it is HARMLESS INEXPENSIVE On O’DONNELL’S DRUG STORES RADIUM PRODUCTS CORPORATION 1105 Connecticut Avenue N.W. Main 6797 EFFECTIVE sale at December 16. ¢ 1" Nearly 200 defendants are awaiting ! of tax-exempt bonds must necessarily | 8,05 Ak kA KA Kk kK insisont L e 3 * Yok %k k& k individual trials. ibe very slow, the sentiment in favor 4 A W > ok kkkkk ok e Sory o, e eatiment 5 Tavor | b Sow, hoou: 1asary mckine| The Year 1922 to Date on the Washington K| 4 brokers cirewiar bears the line: | . and consequently the demand for | 5'00as.20 > * T | et s pat vou on our wailing list | guistanding tax-exempt securities is| Cattie—Receipts estimated 1500 Stock Exchange. * * —Boston Transcript. imnrov:l. B, . htend: compar’ed ;;eek _la;o: Beef g = = ! sanscr ‘axes Cheek on Bonds. steers, unevenly, 25 to 75 lower; in- Faraished by W. B. Hibbs & Co., Hibbs ng. * o - Y Can H l i This matter of taxatlon has a very | Diiween 8rades reflecting most de- Up to and including Saturday, December 16, 1922, = ) ; extreme top Christmas year- & 5 ou elp %I 'No-Kol No-Kol ||yhrisier fo 'srhee s wieh” St SYGiPeuicl SR 2600 suen BONDS e Open High. Low. Cloze . e 9 *i No-Kol fies. Investors of large wealth no better _grades "of butcher whe| $3:200—Aua. and Pot River R K. 5 % . 5 * onderfully if You *| er P e N L A e R g R R R TR AT = . ] man or ese must come e er 2 i ' . = - 3 - - * : *! Automatic Oil Heaters Trom institutions or from. the man of {Dulls and veal calves about steady:|403.500—Capitol Traction Bst 6s..0.. 9 2% i I have a lmited number of || moderate means. ~This leaves only | JOSKS LI prices Besr stears e IO =Goormelown GawRTic Sast a- * x ) T o the current rate for money as the de- prices beef steers, 8.00a| 8,001 eorgetown Gas Lt. 1st 5s {] Heaters used not over two G o S 9.60; stockers and feeders, 5.75a6.75;| 28,000—Metropolitan R. R. 1st 5s. * Ji] months suaranteed to be in I Guch issues. It is ey ““lymt‘;'"‘{lbmcner she stock, 4.00a6.50; canners| 38,000—Pot. Elec. Power 1st bs.... * | frst-crassmechanical condition, |1 SEh £P3C™ nrat mortgage: raiirond | 350, SULIeTS, 254335 veal “calves, | 211,000 —Fot. Elee Power Cons. 3. i} at a kreatly reducea price. .0029.75. 96,500—Pot. Elec. Power deb. 68 i :1 Will install. Dt s At e ained i e e e L e R SRl e : i 4s sold at 104%. Bond: b é lambs of 8,000—Wash., Alex. and Mt. Ver. 5s (flat). * 0 a II Call Columbia 1648 48 sodiat ot Agnp::lc;::'_{"‘gg desirable weight steady:, heavy lambs| 26000—Wash.) Bal. and Annap. ist 5s. * market, and, with the demand limited | 2nd lower grades lighter weights, | 224000—Wash. Gas Light gen. 5s......... * * by the’ income tax barrier, they are | v eonere, “g:f":o"' lomoes 'e?.i'e:{.';:f 425,000—Wash. Ry. and Elec. Cons. 4s... * ° - * not apt to %;gxr.lm’ ity wieads: ‘tecdera. siront o 55 196.000—Wazh. Ry. and Elec. gen. 6. , 1922, gher; week's top fat lambs, 15.60; ? : X 8¢ 5 0 at wi % & NEW YORK, Ds by —" pound fed lambs, 13.00; choice eight. ¢ * * N omm e::;r:;:r“w‘ The | DO ound . fed yearling weiness, | 3-100—Wash. Market Cold Storage 5s a - = atement | 13.50; heavy fat ewes. 5.0026.00; Shares. STOCKS. * * showed an increase of $98,425,000 in;er-weight kinds up to 7.50; desirable 10—Amer. Tel. and Tel. * * :g;l:i!del:cgrl;tzse ;g;lolor:,‘li:ll:l::lel!, -m} 100-pound aged wethers, 8.25a8.50. ‘“lb—Am:r.‘T'.rnnd‘T. Rig] o f d 221, rve of ,189—Capital Traction 5 ean fl‘ member banks in the federal reserve | NEW YORK, December 16.—Cattle—| 5.198—Washington Gas ............. * Really the best time—for prompt an * ST i ae Semar g Rl 55 heud B dading Cavag | IS Nortorh ana o Scaot ° 8 serve total 40,- | receipts, 0 head; lower; veals, 7.50 7.858—Wash. Ry. and Elec. com. . 320,030, an_ increase of $17,173,620, |al12.50; culls and little calves, 5. 87— Slec. ¥ | cient service is as soon after the Shops : e ine " sugremats Fenirie | T ot tememecoies slia Wash. By. and Biee: pfd1111 . ,690,000. eep an ambs—Receipts, 5,040 0 mge Rull * open as you can arrange it. As the day - nead: ‘stcady: sheop, LO0ATS0 CUlln | 10 Mamey Reuee CompA e 10820 a0E 102 b * ; * COTTON MAKES UP LOSSES, |5oiassss, [270% 1500016005 cullsi) i3—pisteid it inausance: x grows older the crowds grow greater : ‘NEW YORK, December 16—The | Hake Recelpts, 5030 head: senay;| 3—Washineton Fitle fnaurance: cotton market recovered nearly all of | Pedium to LEht e o, 1—Columbia Nat. Bank yesterday’s losses. duri: . ’g | 9:25: heavy hogs, 8.75a9.00; roughs 0—C Y * and greater—and you know that a con- % g o ing s Sondirusk epiaie | 575 e - = over European prospects and * gestion is the result. * SEhrm oot “maricete”in” he "aouih | AP 1} Feacral’ Natlonal Bank. +* 4 * g;n:llryt cn:t:lfia:old T 26.48, or | CREW ESCAPES IN FIRE. “e—Lincoln Nat. Bank . 5 e oints net higher, and closed at 'l §6—Nat. Bank of Wash . . 25.44, with the = i : Spare yourself tlns inconvenience by * e stendy at net advanees ket £los- | Flames and Explosion Damage Ship 13—Xau. Metropolitan Bai - 30 points. — at. 2 > 8—Second Nat. Bank 3 d tag f tl'l 1 = * Ao Dey Dock: 506 Amer. Sec. and Trust * aavan € O € early morning * TRAD! RISK. NEW YORK, December 16.—The| - 323 Continental Trust - * lllll-—bef tll rusll. y * \;Wsmggnm qu:egb]; 16.—A: American-Italian steamer Vaba today 111‘;—1N"=lom; Sllvln(! and Trust. N T —i - —Un cesesn +* ore the \ nouncement of' additional - stock ana | Was seriously damaged by fire fol- 31— Wash. Loan and Trust * extra dividends provided the impetus |lowed by an explosion in a forward 16—_Merchants' Bank * * Getting the Most :_ur; :py?:k(:g;g:« rler;.z(rl‘:dlndunfl-l hold as she lay in dry dock in 20—Sec. S:v and Clom. +* G * From Your Money Balf-notiday sesalon of the stock mar. | Brooklyn. None of the crew ‘was SeNac o ¥ire Ton. . Y rom 5 6% Xet. Railroad shares, with few ex- | seriously hurt. s i * * First mortgage ‘notes available. ceptions, were sluggish. Unusually) Most of the ship's men were at 77—Real Estate Title Insurance. { * 3 Mazimum returns with a minl- heavy trading in Pan-American | work below decks when the blaze 100—Col. Grapho. com. < > * mum risk. stocks featured the day’s dealings. | was discovered. All, save a fireman 200—Col. Grapho. pfd. * . ? z ] +* Sa Bank and a ‘mess aitendant who jumped| 10—Dist. of Col. Paper M. pta. 'itizens Savingn i verboard and were picked up by the | 1,801—Mergenthaler Linotype * _____.__-—‘—.—.—.——l * Ci an Class in Physics. frevoat Gaynor, made thelr 255—Old Dutch Market com 3 R : 1336 New York Ave. Teacher—Cold contracts: heat ex-|upper decks before the explosion 225—0ld Dutch Market pf * * pands. You, Arthur, name an ex-locturred . 'lig grengnt 5018 Lanston Monotyps ample. In a jon to e lan refighting jecurity orage 0. * * “Arthur—Yes, that's why the win-|apparatus, several fireboats played 180—Washington Market ter days are short and those In sum- |streams on the ship. The fire was 24—Terminal Taxi, pfd. 2% 7 7 e e e e e e de e vk sk sk e ke sk sk sk ke e ok ke s ke sk ke ke ke ok ke Aok ok Tertime lons: ontrolled after ‘& thres-hour AEh. ( - i .