Evening Star Newspaper, December 22, 1922, Page 29

CHRISTMAS GIFTS . Joy of Extra Distributions or Higher Pay. BY J. €. ROYLE. Special Dispatch to ‘The Star. NEW YORK. December * shoulders. tions were made many cases amiliar clap on the back. Reports from all sections of country today indicate / Wages for office workers &% moving slowly upward. This trend has not been perceptible. It has been shown employed. ditions to p. Sweéeping ¢ acoount tar. SMany Salaries Raised. Few of the v n holida W wo odd workers e been toward volume produc: ow production and trade » _ The incr workers fect on the buying po B Try: fov. 'he buying power of the co in 1923 try there woman Tially to their clerical fare they foresce an even heavier rn vent of trafic in 1923 Swamped their equipment in 1952, Rusafan Beots Popular. '.:I;ie]fl l'hr&x!mnfl 1ra of the ) e weeks has in - fl?ppu)g. dicvated that of the flapper "The most holiday trade cltles has been 1S one salesman or sale: <hildren. of these articles They were snapped in _many citles. he boot shoe, is fleece lined like "Fhere are no fastenings of any sort. Longer Credit Ruling the ruling of eligibility for purch: products. t mation of co-operative marketing ai ers of south Georgia. swamped by the la ing in years, and January 1. Ford Auto Production Bpecial Dispatch to The St DETROIT, Deceniber jor the holiday 1.mited duration.’ The Ford High lose only three ristmas and N tiver Rouge pla Year, and additional day. Shoppers in ure getting the s01d out of that. when th Deen besieged by retailers xet goods. Prices, howe mained remarkably stead during the remainder of the winter. STEEL EXPERT EXPIRES. U. S. Steel Corporation. NEW YORK. December T Walker, assistant to t of the United States S since its foundationu vesterday in St. Luke's same compan PUT OUT OF EXCHANGE. NEW YORK, December & Vogel. of E. M. Fuller. time. ‘WILL SETTLE FIRM'S FATE. Creditors of Houston. Fible & C of the local the New York Stock Exchange. meeting . of all torday. day listin firm’s_safety vaults. about one million dollars. RAW SUGAR MARKET. NEW YORK, early raw sugar market today w: quiet, and prices were unchang with spot Cubus holld: Tower. vhanged shipment. FINANCIAL .| Grain, Produce and FOR OFFICE CLERKS White Collar Workers Feel —The White collar worker fs beginning to | e feel the touch of prosperity on his|! In fact, when some of the | ¢hristmas and holiday week distribu- that touch felt in like a friendly and fa- plainly that | and clerks | o marked | RS the advance in the wages of the | Wearers of averalls, but it Is piainly bib, gas, pri- marily in the number of new office | D, and clerical workers and ‘sales people | 7 This extra cmployment is # régular feature of the holiday sea- Xon in the retai} stores, but the ad- ¢ rolis luve been more trade would kers have been Tut to work at the higher scale, but s raised and | RN lettuce, per crate, 50a1.26; Igebers | Vromotion amons the . lettuce, per crate, 5.25ab.75. Cabbagx vear, has been rapid. This h‘.‘.:wrf:e,'."e",:;:'f :j:;gmrn. 1.7622.00 per 100 1bs. “'E:b E influences that gave them their :I-fi:::l“mnrkeg among the """""'nhm"sf'im"i'n,."“k-m.%":,?,““-?;mm& big gains of the current year. Local New Yorw Jhgnien Officials of the per boc. Florida. 4 00as.00, Beans, |bonds are not high. Tirmed this today, decloginPenY con- | 2.0024.50 per basket. Peas, 3.00a9.00 per les today were made at 1031z for Wages now being paid wond qlat the | basket. "Peppers, per crate, Florida. per cent; 96 for Capital Tieher o ¥ pald were decidedly | 2.50a4.00. Kale, = par bbl 1.00a1 b N 5 Tong with tre acorkers who had been j Spinach. per bbl., 3.00a350. Celery. per %a)for: Fotomac Gonsoli- n ibuted by em- | a6.50." California grapes, per crate, 1.50a { 37 404 e i Dlovment sXnerts %o the “iaws” of | 3.00. Lo et L S oy b . as few of the i = i St { ¥ ::'rl;_lit:n:;-blarl workers are members of GHAIN AND PROVISIONS. e tons amall salo)opiCapital Aiso g d, Mabor organizations. It| BALTIMORE. December S e B esult of the movement | —Potatoes, white, 100 pounds olumbia National Dividend. sales | 150 pounds, is expected to be so marked a characteristic of commerce, Industry eased salaries paid to these have had a widespread of. IS estimated that for ever: ten possible purchasers in this cotr. Ralilroads are adding mute- | bushel. 3035, Lettuce, ba for | Onions, move- than has iast ! bushel, e the clashing unfastened goloshes | re a thing of the past. arkabie feature of the In jome of the lurger the demand f rubber Russian boot for women ang The rubBer footwear com- Panies turned out a limited quantity s an experiment. up like hot cakes. and today it is practically Impossinié | 1o Buy this winter weather footwear slips over the ordinary |1.09 and 1.07 per bushel. the arctic overshoe and is topped by a band of imitation astrakhun, which is turned | No. 2 corn. spot. 85; No. 4, no 4 i 5 b : . 86; No. 4, no quota- | practically all of its war savings NPaiiose around the leg in stormy | tions: track corn, yellow, No. 2, old | stamps due January 1. but is, nat- eather to keep out the cold air. |to better, #8 per bushel. urally, eager to refund as large a Delights Cotton Men Epecial Dispatch to The Star. ATLANTA, Ga., December 22 —Agri cultural interests, especially the cot- 1on co-operative marketing associa- tions, in this territory are elated over the Federal Reserve Moard extending to six months the or rediscount of acceptances on staple agricultural James W. Morton of the American ¥arm Bureau Federation said today ruling meant the immediate for- Sociations by peanut and pecan grow- | cended today to a new peak price for ( $16 in cash.” Retail- merchants today are being|livery. st holiday buy- ichants declared | Profit taking sale: today they would euter upon & more |ecarly dealings led to aggressive selling policy in 1923, in-|slightly below yesterday's finish, but |COmmission has started a uiovement augurating it with the annual clear- ance and white goods sales just after tively firm. The opening, which rang- to Be Over 100,000 Cars —The out-iMay, §6%. and later showed general put of Ford automobiles in Detroit in o = December probably will exceed 100,- wiil be of extremely ind Park plant will vs, in addition to the t will close certain departments only for a day, and the Tincoln Company will close only one the department stores nswet: “We are all v attempt | 10 make purchases. Wholesalers have ghting to r. have re- and mer- chants do not look for much change William R. Walker Long With | —William | Per 1b., 4 president | e Cqporation | {nin, 16a18; old hens. 20a Hospital after | 1€ Walker had been a chemist for the | Crown Point Iron Company, manager ¢ the Union works of the Illinois | 22—The ‘hoard of governors of the Consoli- dated Stock Exchange has expelled | iie " glow: J. Harold Braid of the firm of Braid| Braid, who was the state's moat important witness at the trial! disappeared when Fuller was brought to trial a second |g KANSAS CITY. Mo., December 22— will be asked to decide the destiny | brokerage firm which |er: closed Monday when suspended by |early A | weight. 1,560 poun the creditors here next Thursday was decided upon yes- The committee was busy to- securities deposited In the These securi- ties are estimated to have a value of December 22.—-The auoted at 3% cost | 1475, uul to 5.53 for centrifu- Trad of a y character and prices at mid- day-were unchanged to one point net The refined market was un- at 7.10 for fine granulated, # with & little better inquiry for prompt THE NATINALCAPTAL PATRADVDEND Declares 2 Per Cent Extra. Other Distributions—Local Bonds Attractive. ! Live Stock LQOAY, WHOLESALE MARKET. Market. on tu:keys is weak and ir- regular. &fuch heavier receipts than were aaticipated served to overstock the market, and much lower prices prevail. The market is in bad shape, S0 far as dealers are concerned. They hope, however, that they will be able tu close out supplies before tomor- row night. ‘ Increased receipts and lower prices of turkeys affected other branches of | the pouitry market, decreasing the demand for chickens and duck: BY L A. FLEMING. The National Capital Bank has joined The meat market also continues slow and draggy. but a reaction isithe ranks of financial institutions mak- ! pected after the holiday season. !ing rextra distribwtions to their shaye- lery, cranberrics and all frufts and Vegetables in demand for the hotday | season are plentiful. Eggs—Siricty fresh, dled, per dozen southern, 50. holders after one of the most success- ful” years the banking business has en- Joyed. The steadfast maintainance of the 6 per cent on local loans through- Jout the year and the large volume of buginess produced excellent results. The Nutlonal Capital bourd declared & regular semi-amnual dividend of 5 per ]:m"“":j ol ‘;';;hh't“,‘,';.‘w:' E‘rcnt and an extra distribution of 2 per {35428 roosters, Ter Ib. 18: turkeys, Pef | eIt On its capital stock. Books close Ly o heits yours, easiell ;)revtcmber 26, dividend payable Janu- medium. per_ib.. thin, per 121¥ 2 Direcors of the Seventh Street Savings ! Lambs, choice, per M. 13: flg«eonln. 3.00a8.00 each: live hoBY. DT | Bank gave their stockholders the regu- > lar semi-annua! 4 per cent and an extra Greéen - fruits— bpt., 175 }50: per bushel:m‘;:;h-‘:’neaprb 7on | Of 1 per cent l;.n?':' - elicious, No, 1, per bbl., 6.0 L On the Leeal Market. Florigunia oranges, per crate, 5.00A8&00i| gy Jyat secston of the local stoc] change until next Tuesday was 4:0025.00." Lerions, per Dox. 8.00a Girapefruit, 3.0023.76. Tange- 00 over more to trading in bonds thau in | stocks. rines. 2503 ; e . 8§021.00_" Sweet potatoes. North Caro-| Prices were generally strong. The feeling wmong investment bankers is that bonds will move to higher levels during the coming under the selected. can- ach, 22, lina, 1.50; nearby, 1.50a2.25. Fet- tuce, per crate, southern, 1.00a2.25. Ro- sweets. barrel. . Regular dividend for the quarter of basket, 35a33. Bean per cent was declared by the direc- tors of the Columbia National Bank payible Junuary 2. 18a25. Cabbage. ton, 23.00a25.00.| A bonus of 6 per cent on salaries bushel, 50a75. Carrots. 100, | plus $25 was also ordered. Cauliflower, barrel. 3.60a8.00. Commerefal Nation ery, 100, 5 00a7.00. Cucumbers. crate, | Regular 1% per cent dividend de- 5.00a8.00. ' Kggplants, crate. 4.0026.00. |clared and usual bonus to employes horseradish, ~bushel. ' 2.50a3.50. Kale, |ordcred. 1. 1.50a2.50. | Exehanging War Savings Stamps. 100 pounds, 130a.75. Oyster| o 1009100, With $625.000.000 in war savings plants parsnips. 1.008110- 1 ytamps of the 1918 series falling due Peas, ‘bushel. 4.00u5.00. Peppers. crate, = o 700, {on the first of January, reports to 2.00a4.00. Tomatoes, crate, 4.00a7.00. 1 Turnine. bustiel s, the Treasury indicate that through- Apples, packed - barrel. 2.00a5.00: |out the country there has already 0a1.50; loose. hushel, 50a75.{Peen a considerable exchange of these " Cranberries. barrel. 11.00a | for the new offering, Treasury sav- Grapefruit, box, 2.35a3.50. | In&s certificates. Oranges, box. 330ad.25 Pineappics,| While no actual figures have so far crate, 4.00a7.00. Strawberrles. quart, |been compiled showing. the extent of 75280, Tangerines. strap, 4.5026.00. the oxchanie; Mndiaitive already re- ceived show, according to Lew Wal- Selling Prices at Noon. lace, jr., diréctor of the United States —No. 1 red winter. spot. no | government quotations: No. 2 red winter, spot, 11.38%; No. 3 red winter, spot, no quo- 1.75; bushel 568 bushel, 2.00a4.00. Beets, 100. £.0025.00. Brocoli. bushel. 30a3. quart. Brussels sprouts, savings system, that there will probably be a more com- 8 T plete raturn for exchange er cash of tations: No. 2 red winter. garlicky,|the 1918 aeries due January 1 than 1.36% ; No. 3 red winter. gurlicky, no |there was recently on victery notes quotations: December. no hid. due December 15, $400,000,000 worth Sales—Bag lots of nearby at 95,|of which have not yet been presented for redemption. The government anticipates no hesi- tancy from the public in presenting Corn—Cob corn, new, 2.90a3.95 per blrr:l: contract, spot, 8412 per bushel; Sales—Bag lots No. 2 yellow, mixed, | quantity of the 625,000,000 as pos- at 84 per bushel; bag lot of No. 3|sible into Tyeasury savings certifi- vellow, mixed, at 8213; bag lot of | cates, both for the advantage to the white, at wharf, $0. holder in thrift and to facllitate the 2. 55 per bushel | post-war funding operations of the 3 Eoverament In paying its public debt. | Nearby, 8595 per bushél; No.| The exchange offer is succinctly set 2 western export, spot, 1.02 per|forth in the following Treasury state- | bushel; No. 2. no quotations. ment: Hay—No receipts; market for top| “If you have 325 in war savings grade of timothy and: light clover | Stamps you can now obtain a_3$25 mixed. -16.00220.00 per ton, and for Treasury savings certificate and $4.50 g0od mixed, 16.00a17:50. in cash. Straw—No. 1 tangled rye. 15.00a| _©If you have 3100 in war savings 16.00; No. 1 wheat, 10.00a11.00; No. 2| StamDs you can now obtain a 3100 oat, nominal, 12.00212.50. Treasury savings certificate and $13 x e in cash. TODAY'S CHICAGO PRICES “If you have $1,000 In war savinge CHICAGO, December = 22.—Owing | stamps you can now obtain a $1.000 largely to indications of liberal ex-| Treasury savings certificate and two port business the wheat market as- | $100 Treasury savings certificates and the season, 1.26% & bushel; May de- Higher quotations at Liver- aided In lifting values here. however, in the a reaction to + The exchanges may be made at post offices and banka. { U. 8, Out of Corporate Namen. At this late date the Federal Trade pool directed against a small Minuesota corporation to force the elimination ed from % to 1 higher, with May,|Oof the name “United States” from the 1.26 to 1.26%, and July, 1.14% to 1.15, | coTporate title. with the undertone continuing rela- was followed by declines all around. arings have been on in Minné- Corn and oats swaved with wheat. {apolis against the United States After opening unchanged to % high- | Roofing and Paint Company, on the er, May, 73% to 7315, the corn market | theory that it {s an “unfair method underwent a moderate sag. of competition in commerce and is Oats started 3 off to l4al; advance, | thersfore unlawful. ‘There.are seven great corporations using “United States” in their corpo- rate totles whose stocks are listed on {slight losses. Provision's were upheld by firmness 900 cars. as compared with the 38900 ! of hog values. Wall street: produced in December last year. This{ Ppoultry—Alive, lower: fowls, 13a18;| From Minneapolis the findings of is due to the fact that close-downs |springs, 161:: roosters, 13; turkeys, |the examiner will go- to Washington, {35: geese, 16. {Holiday' dullness had a bearish in- |fluence on the wheat market today {after a show of strength at the start. | The close wa seasy. at % to 113 net { decline, with May 1.241; to 1.24% and 1July 1.13% to 1.13%. to the commission, and then to th circuit court of appeals for final judi cial order. It is stated that the small concern !was selected for a ruling before big corporations became aware of the fight on the use of the me. | WHEAT— Open.” High. Low Close.| “All over the United States corpora- 1. 133, 148 120|tions, banks and “trust companies 1i3% 1i3s |have adopted the title. Tt would be a serious matter to change now. The United States Steel Corporation is the giant of all the “U. S.'s.” —— | 12000000 BUSHELS- | BALTIMORE, Md. December 22 | (Special).—Live Poultry — Turkeys, | ol toma, 312307 poor and | crooked breasts, 30a35; spring chick- enw 22u2e: leghorne. 20451: moor and | FArMErs v and | Seek Ways of Pre- e e old roosters. ‘11a12: | yeriting Such Heavy Losses horn 183 ! At cks, 19a un operation. He was born at La | duc 2 ! 1 Porte. Ind.. and had done much re-jEeese, 2laif: bigeons, pair,’ 30a35; Next Year’s C search work. Early in his career Mr. | Bulnes fowl 80870, - Lo on Next Year’s Crops. firsts, doz., 50a51; southern, 47a48.. i Butter—Creamery fancy, Ib., 55a56; Y . ints, 56a58; neaTby creamery, 45a | By the Associated Press. teel Company and general manager | PI! 5 o y ool {47; ladles. 33a36; rolls, 33a35: store of the South Chicago plant of m.,mckm. e dBL mont 2t Srore| CHICAGO, December Decreased acreage, better marketing plans, in- creased storage facilities and new markets are being considered by middle western farmers wko lost money raising potatoes this year, ac- cording to a summary of the situ- ation in five potato-raising states The five states, Michigan, Kansas, Nebraska, North Dakota and Minne- sota, raised approximately 100,00 000 bushels this- year, but reports ffom most sections indicate the grow- ers lTost mone}. The feason is vari- ously ascribed to. overproduction, cur | ess butter, 40ail. CHICAGO LIVE STOCK MARKET. CHICAGO, December 22.— Hogs— Receipts, 34,000 head; opened fairly active around 10 higher; later trad- some bids steady:’ top 8.40; bulk, 160 to 275 pound 8.30a8.40; lighter weight, early, about 8.1028.35; bulk of Digs, .25; heavy hogs, 8.20a medium. 8.25a8.4( light, 8.30a | 8.4 light light, 8.25a8.35; packing | sows, smooth, 7.60a7.90: packing sows. jrough, 7.3027.60; killing pigs, 8.008 i8 ttle—Receipts, 4.500 head: beef teers fairly active: better grades of weighty steers largely 15 to 25 high- other grades strong to 15 -up; | early. javerages, top, 8.4 top. matured steers. 11.75 | ‘Twelve million bushels of potatoes shippers active; | remain undug in the Red river val- other classes generally steady; better |ley of Minnesota, according to O. P. grade butcher she stock and steckers | B Jacobson. chairman of the Minne- | and feeders wslow: bulk desirable |gota rallroad and warehouse commM- heavy bologna bulls, 4.26a4.35; bulk|gion. He blames the car shortage, desirable veal calves to packers|and says the crop’ will freeze or. rot around 9.50; few upward to 10.00; few | in the ground unless transportation outsiders paying upward to 10.50 @nd fgpeedily is provided. The endrmous above; bulk canners and cutters, 2.90a | notential - losses here does not in- 3.80. ; clude losses being sustained in other Sheep—Receipts, 6,000 head: ‘open- [ sarts of the state. 5 ing slow; fat lambs, 15 to 25 higher;| ™ Michigan, which led the country early top, 15.40 to -hlnrer- 15.30 tolas a potato-producing state, accord- ackers; thres cars Colorado lambs, |ing.te the 1920 census, produces $7,- with 125 out; feeders quiet: | 356,000 bushels this . sheep fully .steady; heavy fat ew: of 10,600,000 bushels. 5.50a6.00; lighter welght up to 7.75.. ' | dropped from an average of $5 cents s :‘\uhel Iltx gfl t'o 59 F“u;a" yo:ln ‘0 _meet the situation state agri- VOTES STOCK Dlmm' cuitural: officials . advised Michigan NEW YORK, December 22.—The El- | farmers to devote more attention to liott Fisher Company today declared | raising~‘seed potatoes, which - com- a dividend of 40 per cent on common | mand a better price than the com- stock payable in common B stock. mel:('lal grades, 1ties. I | Fermioal Tasi com shortage and lack of storage fu.‘"-I Received by Private Wire 'BY WILLIAM F. REFFERNAN NEW YORK, December 22.—Coin- cident with the movement on the! big board. stocks were pushed for- ward vigorously on the curb efchange today. In accordance with the usual cus- ton. & resolution was adopted at a special meeting of the board ef gov- ernors to suspend business at 2 pum. today, in order to carry out the Christmas entertainment. 3 Operations for the rise in the Da. rant fssues continued unabuted, | casTying these stocks to new high records. Those back of the move claim that it is fully warranted by the earnings of the eompany, present and prospeotive, on the side of higher prices. OfF Shares Prominest. 0il shares also assumed & prominent place in the general upward move- ment. Prairie Pipe Line rose sharply for u gain of almost 15 points in re- sponse to the action of the directorate in plaging the new stock on an anaual dividend basis of §8 a share. Stand- ard of Indiana was another that wa: in active demand. The upward move- NEW YORK. December 22.—Fol-| lowing is a list of today's highest. lowest and closing prices for the most active bonds and stocks dealt in on BONDS. High.© ow 1 8 1 Anglo- 44 Armour & Co 7% A0 Q&WISS 2 Reaverboard 8 8 Reth Steel 7n Beth Nteel Ta . Balto Ts. s Textile 8 . Deere & Co Tion Detroit Cits Gas 6 Detrait Edixon nT & R iair, Robt. 7 Tre Kennecotr Cop lede ( 39 Lonirville G & at Leather Ss. Y, NH & H 7a Ohio Power 5s.. Penn Power & L ub Sers of N J Tx 3010 e 31 Bell Sales in units. STANDARD OIL ISSUE: 800 Angla-Am_ Of 700 Atlantic ntinental 0Ll Pipe Tilirois Pipe Line. 10 Impl Oi] of Canads 1500 Iatl Pet Co Ltd. 110 Southern Penn 0 40 Southern Pige Lin 500 8t 0il_Calif ne 5000 3t O Tndtans, 160 St 0il Kansas new. 800 St Oil Kenty new. 600 8 0 N T mew. 108 W Peun P 1300 Vacuum Ol ge Sales INDEPENDENT OIL STOCKS in hundreds. 20 Allen 0l & Carid Srnd 1€t Rerv 5 Crt Serv. 3 Cit Serv "B ofa. 2 Cit Sers pf 20 Engineers' Pet 6 Federal Of1 ... Washington Stock Exchange ! SALES. | Washington Gas 735581000 at 10315, ! $1,000 at 1061 i Capital Traction 55—$1.500 at 96, $500 at 98, §1,000 at 96, $1.000 at 96, $1.000 at 96, t 96, $300 at 96, hington Ruy. & Elec. pfd.—10 at Co.—19 at 143. AFTER CALL, Elec. Cons. 55—$1,000 at 9575, a8 55—$1,000 at 951, Ref. 7=—$1.500'at 106%. 7136—S500 at 1031 | Capita} Traction— 103%. 5 st 103%. Money=—Calf loans, 5 and 6 per ceat. Notice-This exchange will stand ddjourned wntil Tuesday, December 26. BONDS. Bid and Asked.Prices. Tnion Washtngton American Tel Amer. Tel. “ 8 8 Georgetown G Metropolitan R. R. 97 Potomac Elec. 1 % Potomac Elec. 951, Potomac Elee, deb. u-li l:“ 1 ” & Amiap. Ge. % Wash . Balt. & Ammap. . Washikgton Gas 5e. . % Washisgton Gse 7%s. - 108y wy. & Elec. - g Rwy. & Eloc. .. 991 MISCELLANEOUS. . Paper Mfg. Gs........... 80 REKS- ll”ll’ 58 (long).. . 83 Rigen Realty 58 (short o 98 See. Storage & Safe Dep os..... 85 Wash. Mkt. Cold Stersge bs.... 8 fdman Park Hetel 6s....... 108 " STOCKS. PUBLIC UTILITY. rican_Tel. and Telga (A?l-;lll Traction hington G N oli and Wash, teasbos b Rws. & Eléc. eom Wash: R L Termizal Taxi pfd. Commercial Lincoln Natlonal TRUBT COMPANY. eriean Security aod Trust. Aontinentel Trust {E kit shington Jrastis SAVINGS BANK. merce gnd Savings. o Wasningto Seeurity Savings and Comme Beventh _ Street. itates. . g Midéhaics Coltmia’ Mergesthater id Duteh Market eom. O Duteh Marset prd. Lasston uotype, 7 Secprity Storag - e aivudead. “NEW YORK CURB MARKET . What other changes | |occured in the motor group were ail Direct to The Star Office. ment in Standard of Kentucky aceom- panied the ratification by stockhold- ers of the proposed increasz in clopflll stock from $12,000,608 to $17,500,000. after which a stock dividend of 66 3-3 per cent was declared by directors. The acquisition by Southern- States Oil of properties ip the Smackover Ar- kansas fleld brought about an increased demand at higiter levels for these shares. Control of certain pipe lines, has also been obtaimed snd sterage facllities are under way te take care of the produc- tion that Seuthern States will have from this fleld. No inerease in the.cap- Malization because of this purchase will be recommended. New Steck on Board. The common and preferred stocks of Marlin Fire Arms Corporation were ad- mitted to trading, sales tal Dhace uround $4.60 and 1. respectively. The common_ #tock of Shell Union Ofl Corp- oration was rémoved from the lj Industrial shares were co! y strong. There was sharp uj ng of Gillette Safety Razor. Phillp Morris followed. the upward movement pf to- becco snar:s on the stock exchange. Profexgional operators transter: their activity from the mining group to the industrials and oils, but prices kere held arosnd their previous elose. 1 Fentfand 01 . 1 Gliltland 41 1 Glen Reck O1) 3 Gransde 0il oF Quit-olf of | eytione Ranger. 3 Kirby Pet .. 5 60 Lance Creek 10 Fatle Amer Ol 3 Lowry 01 .. 22 Mammoth 01 4 Marland ... 4 Maracalbe Ofl 21 Mex Ofl.. Sismrzly y 1 & 13 & =18 ) T L3 4 28 3 =R ABaRSw BES i g 20 Noble Ol & G 1 New Eng Fuel 1 Omar 0il & Gax... & 7 i 8 X i 28 Ryan Com.. ... .. 12 Salt Creek new. 7 Reaboard Oil. 22 Simms Pet 10 Sosthern P 5 41 Roafn States OM ... 90 Texon Ol & Land.. .30 26 Turman 0l 1 i E S e 20 “Y” Oil . T Aeme Coal .. 5 1 Am Hawal'an 8 8. 10 Amnold Conx wi 2 Rris-Am Tob Co reg. 4 PEn City R R.... 11 Radds Buds . 32 Cer Cash Stores 68 ®ontl Can new ... 2 Carbon Steel 1st pfd 10 Dubllier ¢ & Radio Durant Motor ... 118 Durant Mot of ind. 10 Federal Telegrap! Fifth Ave Bus etfs. 237 2 % o isesr t 13 Hudson 0 i e a4 3% e s 34 24 L% 134 57 o (2 2 e 2 2% 3 indard Corpn.. 3 s 2 Schulte Ktores b 10 . 3 T S Lt & Heat pfd. West End Chem... . Willrs Corp 1st pfd Wilizs Clst pfcd 3 Winthers Motor MINING. Alaska-Brit Col Ariz Gilobe Cop Relcher Extens - RBig Ledge . Bison Goid Tost & Mont Corp. Canadx Cop Canario Copper Candelaria Min . Golumbia Fmeraid - per Range o Continental Min Ner waebaa ol FEFE EPPTTSSE 4 1 l; 1" 331 S Lt & Heat 1 00 1 1 8 2] 2 - E=1Y 5 a3t 13 -EEL85,.BRERRE 28 Cartez Siiver ... . 4 Cresson Gold Pear Cons ... .. o Extension 42 Drrden Gold 4y a1 81 w3E2 20 Fureka Croesus . For Mines . Guanajuata Mine. 24 06 2 o8 Hardshell Min 04 Harmill 08 2 Henrletta Silv 5 10 Hill Top 13 1 Howe Sound S 30 Independence Lead. 20 Iron Blossom ... 10 Jumbo_Extens .. n 2 Ohin _Coppe: Kay Hercales lav.. Ricomond Copper.. Raby Rand Mines. . Silv Mines of Am. | Silv King of Arkz. Spearhead Gold. FORM $5,000,000 FIRM. 0k Four Big Bolt and Nut Manu- facturérs Unite. COLUMBUS, Ohio, December E Announcement of a merger of four bolt and mut manufacturing compa- nies, said to be the largest in ocountry, and the shifting of the cen- ter of the industry here, is made by Justin C. Burns, president of Standard Bolt Corporation, a local concern. The four companies which have amalgamated are the Bayonne Bolt and Nut Company, New York: Stand- ard Bolt Corporation, the Michigan Bolt and Nut Works of Detroit and the Boss Nut Company of Chicago. Mr. Burns has exercised options given him some time ago to purchase the properties and plants of the four. hc P The mew tonreny is bnowa ia the American Bolt Corporation and has been incorporated under Dela- ware laws, Burns said, with a capital stock of $5,000.600 preferred and 5: 000 shares of no par common stock. —_— e BROKERS TO DISSOLVE. Big New Orleans Firm Plans for Younger Generation. NEW ORLEANS, La., December 22. —Announcement i{s made that Gibert | & Clay, one of the largest and oldest cotton brokerage firms in the south, wil} dissolve and two new firms launched on -January 1. Leon Gibert, | jr., will head one firm, to be known as Leon Gibert & Co., and George W. Clay will known as George W. Clay & Co, The dissolution is to provide an opportunity for tlie younger genmera- tién in the two ' families, the- an nouncement said. WILL FIGHT SPECULATION. NEW YORK, December 23 —The Czechoslovakian. legation has made public_& cablegram received from Dr. Alois Rasin. ministen of finance, de- claring that-the recent depreciation of the CTaéehoslovakian crown was the result of heavy speculation, against which the government has decided to -take. action. Announce- ment also was made that the Csecho- slovakian parliament has passed a law authorizing -the government to 1ssue mew gold coins, to be known as Cgechoslovakian ducats, for commer- cial purposes. | hattan Piggly the | the | head the other concern,: €., FRIDAY; DECEMBER 22, 1922. Christmas Trade | Money to 35000 e Pl oney s L i, e P est Tasuranco—All Branches . Woedward Baliding 1. 9W Is Eclipsing All |juinitoi Chicago Records! By the Associated Proes. i CHICAGO, December 22.—More mil- | lions have been speut by the Christ- tmu buying public in the present pre- | holiday season tham ever before in! Chicago, managers of the Big stores agreed today. The figures om their! business wire mot made public. Monday was & record day in the! Ristory of ome of the larger steres on State street, but whether the record would be surpassed today or tomor- row was a question. ‘The explanation offered by all store managers was that there ls plenty of work for all at good wages. One out- standing feature of the holiday trade | has been the even distrtbution of merchandise, although toys as nsual have led in popularity. Although the December-Christmas Boying in 1920 was the banner shop- ! Ping season.in the recorde of local | stores the managers declared it would | be eclipsed this year. . IPRESS INCUIRY ABOUT | PIGGLY WIGGLY FUNIISi Manhattan Company's Affairs Air- | ed in Bankruptey Court | in New York. ; RS thie Assoiated Press. NEW YORK, December 2:.—Fur- ther efforts to learn what became of funds realized from the sale of stock in Manhattan Piggly Wiggly Corpera- tion were made yesterday in banl ruptey proceedings relating to the de- | funct James W. Eiliott's Business Builders, Inc.. before Referee Peter B. Olney. William . Bent!. former treas- urer of the Business Builders. testified that some of the money received from the male of stock went to pay for new territorial rights. saying that Man- hattan Piggiv Wiggly bought these| rights from Mr. Eiliott The witness said that the rights for | the western New York territory were bought by Mr. Elliott for $55.000, that they were sold hy him to Man- Wiggly for $100.800, and that Business Builders, Tmc.. at the time a receiver was appointed. owed Mr. Elfiott, for sums he had ad- | vanced and for salary he had not drawn, approximately $200.000. i Mr. Bentley testifled that Piggly Wiggly of New England was never organized. ~David Lehman, counse! | for a creditor, then submityd to him copies of literature stating that Busi- ness Bullders. Inc.. owned certain shares of Piggly Wiggly of New Eng- land. The witness said he did not | know whether this pamphlet was ever | sent through the realls. The hearing was continued until | next Wednesday, when coumsel wiil | report as to the condition of Mr. Elliott, who was said to be suffering | from a nervous breakdown. i FREIGHT RATES CUT. | Union Pacific Notifless I. C. C. of | Special Action. H OMAHO. Neb.. December 2 —The‘ Unjon PacHfic railroad has notified the Interstate Commerce Commission of a general redsction in shipping rates from Missour! river poluts west l to the Pacific coast, it was announeed | at Unlon Pacific headquarters here. | The reduction inciudes rates on corn | ana wheat and merchandise. er- | chandise on which reductions were anneunced includes plate glass, win- | dow glass and paper. | The rate reductions. which affeet only car-lot shipments. go into effect ! thirty dass after motffication of the | i Interstate Commerce Commission, it was said. — i SHORT-TERM SECURITIES | (Quotations furpished by Redmesd & Co.) —Nooa.— Offer. i 1 Alominem Co. of Amer Aluminem Co. of Amer. { Americsa Cogton OfI 8¢ 1924 { Ameresa 6 1937 { Amerfean Tel & Tel. 6x 192 & Tel. fc 1935 American { Anaconda Copper 6s 1920, i Anaconda Copper 7 192 1 Anglo-Amertean_0il 71 Armoor & Co. 76 1 Rethichem Steel 78 1 Canadian, Pacite 13 19 Central Leather 25" oo % s 1020, (i St. L. Copper Export B et Unten Depot 5153 1023 A aetmck & Co. Ta 1923.. 3% | aeathwestern 195, yuth Reil Ts 5 | Beandand OF of Calif. 7a 1 o1 | Tidewater 011 ; 71 | Cmen Tank Cer 7o 1908. 08 i 18, | Vacunm Ofl 7a 1936, 107, $3 | Western Taion 6% 1101} | os ™ { Westinghouse E. & M. 1073 10 = I i i 1 First Mortgage Investments 1t of le penny i Sl ez cufld‘l‘!‘i cli thh wpon wi en o SFoatien o ntend te 1 datails, oertificata of title, Tlect remit interest the day due. A Timited smount in $250 up to $1,000 now on hand Besring 77 CHAS. D. SAGER b i A H | ! EQUITABLE Co-Operative Building Association Organised 1879 Ansets . Surplus . i | Systematic Accomplishes Most Saving fars—new make them work fer Subseriptions for the 84th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 5 915 F St. NW. JOHN JOY EDSON. President Il PRANK P. REESIDE, Secy. L ———n e - Responsible party needs $30,000 to erect business building, te be covered by mortgage on building. Higlsest references. A clean proposition. Must be long- time loan at prevailing rates of imterest. Let us your Rental Prep-’ erty. Over a Quar-. ter of a Century Experience. ~ B. F. SAUL CO. 1412 Eye St. NW. Main 2100 MONEY TO LOAN ON REAL ESTATE Our LOAN DEPARTMENT is well sup- plied with funds to loan on desirable Real Estate. Immediate Consideration Given All Applications GARDINER AND DENT, Inc. Main 4884 717 14th St. N.W. FIRST MORTGAGE NOTES FOR SALE IN DENOMINATIONS OF S00 DOLLARS AN UPWARDS Gindelt I Honer # % 7207 %flnflcé‘ca/ ‘%fime Out of the Large Number of People Who Know How to Save, Few Know How to Invest FIRST TRUST NOTES as issued by us, will be found to be a safe and sure method for the inexperienced investor. Consult Our Loan Department SHANNON - & 713 14th Street ‘ LUCHS Main When Government departments communicate with American diplomatic representatives in Europe, the cost of transmitting messages is a matter of prime importance. The transoceanic service of the Radio Corpo- ration of America has the merit of economy as " well as speed and accuracy. For example, Radiograms from Washington to Great Britain are transmitted at a saving of 6 cents a word. The savings per word to other countries are: France, 4 cents; Germany, 5 cents; Norway, 11 cents; Sweden, 12 cents; Denmark, 10 cents; Finland, 11 cents; Poland, 5 cents; Switzerland, 3 cents; Italy, 5 cents; Spain, 5 cents; Portugal, 4 cents; Belgium, 2 cents; Czecho- \ Slovakia, 6 cents. It is because of the great economy of Radio service to Europe, as well as its accuracy and speed, that international bankers and business houses are now marking their transoceanic mes- sages “via RCA”—that is, via the circuits of the Radio Corporation of America. RADIO RATES ‘Washington to Exrope G o Great Britain . . 22 Poland . . . . . 36 France . . . . 24 Switzerland . . . . 31 Germany . . . 29 Italy . . . . . . 30 Norway . « . . 28 Spain . . . . . 37 Sweden . . . . 30 Portugal. . . . . 39 Denmark . . . 29 Belgiom. . . . . 27 Finland . . . . 33 Czecho-Slovakia . . 35 WASHINGTON OFFICE 1110 Connecticut Ave. Tclephone: Main 7400