Evening Star Newspaper, February 20, 1923, Page 21

Renters! top Here *3,483% e MatesiaL This home can be built complete, by union workmen, including heat- ing, lighting and plumbing, for $9.950.03. " e $75.00 per Month Over 120 Other Designs to Choose From. $2,500.00 to $15,000.00 Built Complete. $25.00 to $65.00 Monthly Payments. Interest Only 6 per Cent. EARS, ROEBUCK AND CO. offer you a wonderful opportunity to BECOME AN INDEPENDENT HOME OWNER. Many of our “Honor Bilt” Modern Homes are NOW GOING UP in and near Washington. Would you like to inspect some of them? High Grade, Permanent Homes Please do not confuse our “Honmor Bilt" Homes with rtable houses. Our Homes are made to comply with Washington and suburban building. codes, THEY ARE SUPERIOR IN QUALITY AND CONSTRUCTION TO AVERAGE FRAME HOUSES. Lowest Prices—Easiest Terms We save you $500.00 to $2,000.0 on vour new home b: our ready cut system, depending upon the size. Material is delivered direct from our OWN BIG MILLS AND FACTORIES TO YOU. Complete satisfaction guaranteed. THIS 136-PAGE CATALOG FREE Beautifully illustrated in colors. Con- tains 120 Designs of Modern Houses, with floor plans and interiors, at Factory Prices. If you are thinking of building YOU NEED THIS BOOK. Ask for 189C. MODERN HOMES PRy S Why go on paying rent? Isn't this GREAT OFFER worth in gating at once? Call, write or phene us. Come to our “Honor Bilt” Mod- ern Homes Exhibit, see our materials and newest home conveniences, such as wardrobes ‘'with triple mirror doors, breakfast alcoves, kitchen cabinets, disappearing ironing boards, tile sinks, bookcases, mantels and many others. Open 8:00 a. m. to 5:30 p. m. Other hours by appointment. SEARS, ROEBUCK AND CO 704 Tenth St. N. W. WASHINGTON, D. C. Phene Main 7036 For a delightful winter holiday come and play beneath the clear blue skies of this ideal Texas winter resort. The breath of summer is in the air, sweetened by fragrant flowers and other semi-tropical verdure. Here you may enjoy a variety of out-door sports—excellent golf and tennis, splendid salt and fresh water fishing, good hunting, beautiful motor rides through charming parks and a picturesque countryside. Racing throughout the winter on the finest auto speedway in the South. Excellent hotels will provider'}/ Qv"'f you with every comfortduring your stopover at Houston en route to California. Sunset Rou. t California é\my mile a scene worth while New Orleans SUNSET LIMITED San Francisco San Antonio ElPaso Tucson San Diego Los Angeles Operated daily over a mild and sunny Route. _Free from Ice and Snow. Through Standard Sleeping, Observation and Dining Cars between New Orleans and San Francisco and Tourist Sleeping Car between Washington, D. C, and San Francisco. Tri-weekly Sleeping Car between New Orleans and Globe for the 120-mile detour by uuwmoblfe over the APACHE TRAIL HIGHWAY between Globe and Phoenix, Arizona; also, between New Orleans and San Diego via the San Diego & Arizona Railway through the CARRISO GORGE. Afte: California, visit Hawail For Information and Literature, address Southern Pacific Lines A. J. Poston. General Agent, Passenger Dept., 165 Broadway, New York City. GOLDS “Pape’s Cold Compound’’ Breaks a Cold in Few Hours second and third doses usually break up the cold completely and end all gri) misery. “Pape’s Cold Compound” the quickest, surest relief known and costs only a few cents at drug stores. tes nice. Contains no quinine. Insist upon Pape’s. Don't stay stuffed-up! Quit blow- ing and snufling! Take “Pape’s Cold Compound” every two hours | until three doses are taken. The first dose opens cloj up nostrils and air passages of head; stops nose runmning; relieves headache, dullness, feverishness, sncezing. The EVENING ST. WASHINGTON, D. THE AR, : 6., TUESDAY, FEBRUARY 20, 1925, FINANCIAL. . m NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office. DANIELS PRAISES EDISON'S SERVICE Country Cannot Overpayl Wizard, Who Offered Many ! Inventions in War, He Says. By the Amsociated Press. RALEIGH, N. C. February 20.— “The number of inventions offered the Navy during the war by M¥. Edison T do not recall, but the country can never overpay the debt it owes to him,” said Josephus Daniels, Secre- tary of Navy In the Wilson cabinet, | when asked to comment on the re- port on the list of “forty-five inven- tions which were suppressed by the Navy.” “One year before we entered the war, Mr. Daniels continued, “Mr. Edison came to Washington at my Tequest and organized the naval con: sulting board. At his suggestion, this board was constituted of men chosen by the scientific societies of the coun- try—ten or eleven of them—each naming two men. The points of con- tact thus established were Increased later by organization in the various states and one result of this plan was the possession of a complete list of faotories of the United States and an estimate of what they could do In & time of war. This information proved invaluable. Recommended for Homor. “Mr. Edison at New London, Conn., and in Florida waters conducted ex- periments and studied contrivances to meet the enemy’s submarine war- fare which were of great ald to the country, and his assistance in chart- ing routes to Europe designed to defeat the vigllance of the German submarines was of incalcuable value. 1 sought the service of Mr. Edison for the country, first by writing him and later by a personal visit to him in Orange, and evidence of my recog- nition of the value of that service is to be found in the fact that Mr. i3dison ia the only clvillan recom- mended by me for the distinguished service order. SWISS IN REFERENDUM REIECT FRENCH PACT Customs Treaty Forced Through Paris Parliament by Poin- care Loses in Vote. H | By the Associated Press. BERN, Switzerland, Rebruary 20.— In the referendum held vesterday a stronz majority vote was registered against two proposals submitted for popular judgment. he convention reached betweep France and Switzerland concerning the free zones of Haute Savole and the Gex distrlct was condemned. This was the first time the people had ex- pressed an opinion on an internation- al treaty since the extension of the referendum to treaties. This convention abolished the free customs zone which the Paris treaty instituted In 1815 between Geneva and the French frontier, and made the j customs frontler {dentical with the political frontier, the change being based on the treaty of Versailles. The conventfon was to run for ten years. It required considerable pressure from Premier Poincare to obtain its ratification by the French chamber and senate. The second proposal rejected by the referendum was that which would have allowed the state to arrest as a precaution Swiss citizens who werc considered a menace to_the internal safety of the country. This proposal was the outgrowth of the attempted bolshevist revolution in 181§, after which sufficfent signatures were ob- tained to call for u referendum. The federal assembly recommended the rejection of the proposal KILLS WIFE, 2 CHILDREN AND THEN ENDS OWN LIFE By the Assoclated Press. RICHMOND, Ind., February 20. Wiison Langley, thirty-eight years old, a painter, yesterday shot and killed his wife ‘Jesse, thirty-eight years old; their son Howard, aged three; seriously wounded a daughter. Marjorie, nine, and then ended his own life by shooting himself. The shooting occurred at the Langley home at New Paris, Ohio, near here. Three other children of the Lang- leys, who were sleeping In the up- stairs part of the house, were not molested. Relatives of Langley said the latter had been suffering from nervcus disorders for several months, and expressed the opinion that he had suddenly become insane. MUSEUM OF ART TO OPEN. New Institution, in Garrett Man- sion, Baltimore, Free to Public. BALTIMORE, Md, February 20— Baltimore's new free museum of art, housed in the old mansion of the late John W. Garrett at Monument and Cathedral streets, will be opened to the public next Thursday after months of preparation by the mu- seum of art commiasion. Many famous prints and_paintings from local collections have been loan. | ed for the inaugural exhibition and valuable contributions have been sent down from New York. The permanent collection displayed in the different galleries will contain colors by American artists; etchings by old and modern masters from the reat collection of the late Mra. &onrad Lenr: East Indian, Damascan, and Persian metal work: wood carv- ing and textiles of the sixteenth, seven- teenth and elghteenth centuries. In one of the gulleries will be found American and English silver and fur- niture of the eighteenth and early nineteenth centuries: another wiil contain examples of the work of American sculptors and the picture gallery will have a carefully selected group of oil paintings of various schools. WIFE SUES 7 FOR LOSS OF CIRCUS MAN’S LOVE $100,000 Asked in Petition of Mrs. | Stonehouse Against Relatives of “Al G. Barnes” and Others. By the Associated Press. | _LOS ANGELES, February 2 ‘The affections of Al G. Barnes Stonehouse, known in circus cir- cles as “Al G. Barnes,” are valued $100,000 in a suit on file in court hi wife Ji - against seven persons whom she accused of alienating his lov ‘The defen e M, Busteed, her husband's attorney; Harley §. Styler, Murray A. Pen- nock and Willlam K. Peck, circus and W. V. Hill, Rer hus- nd. o and atter the ceremony did every- thing in their power to induce him to_leave her. Stonehouse filed sult for divorce at Las Vegas, Nev., more than l two months ago, charging she chased him about the circus lot, tried to run over him with an automobile and taught his children to awear, She /s hia gecond Nife. | 1 BASLIGHTCOMPAN PLANS NOTE ISSUE Directors See Need of More Funds for Extensions. - Banking Doings. Shareholders of the Washington Gas Light Company will meet March 7 to ratify the action of the com- pany's board of directors, who y: terday authorized the Issuance of $15,000,000 ten-year § per cent deben- ture notes, to be sold from time to time as the needs of the company may require, according to announce- ment made by Howard Reeside, presi- dent. Criticism of the proposed refinanc- ing of the company was heard in cer- tain quarters today, it being pointed out by several brokers and invest- ment bankers that the company might find a wider market, if, instead of the debenture notes, it issued sec- ond mortgage bonds. as the i proposed, it was sald, would b little Interest to Investors outside of the city, and would have to be ab- sorbed locally Rapld Growth Noted. Owing to_the rapid growth of the company's business, the annual r quirements for extensions better ments, additions and improvements have greatly Increased over the an- nual requirements during the period from 1910 to 1920, and it is estimated the requirements for such purposes during the current year and for the next ten years will approximate from $800,000 to $1,000,000 annually, Mr. Reeside states’ in his notice of the coming shareholders’ meeting. Of the $15.000,000 required, the com- pany proposes to place approximately $4.000,000 of the amount to be au- thorized on the market immediately. Part of the proceeds of such sale will to retire the $2,000.000 of 13 per cent gold notes out- tunding, of which 31,200,000 have been sold, and $800,000 hypothecated at 103. The remainder will be used to relmburse the company for exten- sions heretofore made, and to pro- vide requisite moneys for extensions during 1923. The notes, if issued, will carry a provision giving the holder the right to convert such notes at par into non-voting cumulative preferred stock “should this company at any time hereafter, upon obtaining thority to so do, issue such stock.’ The officials of the company ex- pressed the belief yesterday that a considerable part of the issue will be purchased by its empioyes and consumers. They will be issued in denominations such as wil inter- est small investors. Seeks Converson. The Citizens' Interstate Bank of Mount Rainier, Md., has applied to ontroller of the Currency Crissinger for permission to convert into the First' National Bank of Mount Rainie Md. The capitaiization of the sbur- ban bank s $25.000. Would Operate Savinga Bank. Controlier of the Currency Cris- singer I8 in_receipt of an application from the Merchants and Farmers’ Bank of Anacostia for permission to operate as a savings bank, according to Raymond B. Huntt, presidest of the Institution. The controller has renlied to the application. it is said, advising that & set of examiners would be assigned 10 go over the books, in the regular style. his final decision resting upon what the examination reveals. The institution In question has been functioning for approximately six months under a common law declara- tion of trust. it not having enough paid-in capitalization to enable it to secure a charter from the controller. Contrary to general opinion, appli- cation for charter has never been ap- nlied for heretofore. The application i‘equests permission to operate a sav- ings bank of $100.000 capitalization, wpproximately §73,000 of which has seen paid in. Under the original organization plans, the institution was to have a capitalization of $230,000. Inasmuch as the present paid-in capitalization would not allow of such a sum, char- ter of $100,000 has been solicited. Sub- sequent applications will be filed from time to time until the capitalization reaches the desired amount. Inasmuch as all necessary requisites have been met, It is almost assured the charter in question will be grant- cd. The institution, officials aver, is serving quite a large clientele in, and In the neighborhood of. Anacosti who have, several months ago. pet! tioned Mr.' Crissinger to grant the in. stitution ‘a charter. This, as stated above, was at that time Impossible OWIng to « deficient paid-in capital. Raymond E. Huntt is president of the ‘institution, and Chris. Wood cashier. A. L B. Activities. Joshua Evans, jr, vice president of the Riggs National Bank, will talk to the elementary class, Washington Chapter, American Institute of Ban ing, tonight on “Bank Statements. Tomorrow night Prof. F. S. of Catholic University wiil speak be- fore the members of the economic class_on “Mercantile Credit,” while on Thursday night Raymond B. Dickey will continue his series of talks on “Negotiable Instruments” before his clas. . &0 WILDEVELDP VRGINAPROPERTES Direotors to Visit Norfolk and New- port News—May Spend $8,000,000. NORFOLK, Va., February 20.—It 1s reported here that the entire board of directors of the Chesapeake and Ohio Tallway will arrive in Norfolk tomorrow to inspect properties of the company at this port and in Newport News. The directors have been on a ten-day inspection tour, which will end with their visit to Norfolk. The principal reason for their visit to Norfolk is to decide upon pl for spending about $8,000,000 in develop- ing_the railroad’s property here and at Newport News. At the latter place 2 grain elevator to cost $1,000,000 will be erected. Three million doliars will be spent for a coal pier and necessary equipment. Twenty-five hundred new freight cars are to be construct- ed by the Newport News Shipyard and Dry Dock Company and l,OOx cars will be practically rebulit. The railroad also will have nineteen new locomotives constructed. TODAY'’S COTTON PRICES. | NEW YORK, February 20.—Cotton | futures opened steady. March, 28. May, 28.90; July. 28.36; October, 2. and December, 35.67. NEW ORLEANS, February 20. Cotton opened steady. March, 28.53; May, 28.50; July, 10; October, 25.49, and December, 25.. Noon bids: March, 28.65; May, 28.6: July, 28.24; October, 25.5¢, and Decem- ber, 25.30; steady. PHONE PURCHASE 0. K* Approval was glven -today by the Interstate Commerce Commission to the Southwestern Bell Telephone Company's project to purchase the entire Kinloch Teléphone system, lo- cated in and around St. Louip. The Bell Company will' pay $140.000 in cash and $4,200,000 in 7 per cent pre- ferred stock and will assume $5,500,- 000 in bonded and other indebtedness for the properties, e s Western Union Gives $1,775,000 To Employes By the Associated Press. NEW YORK, February 20.—The ‘Western Unlon Telegraph Company today distributed to 35,000 of its b 000 employes $1,775,000, representing 50 per cent of its 1922 earnings on its investment in excess of $11,600,000. The award Is equal to 473 per cent of each employe's salary for the month of July, 1922. Messenger boys received a flat pay- ment of §17.50 each. The company fnaugurated the income purchasing plan in 1920. No award was made for 1, the company having failed to n & return in excess of the stipu- lated amount at which bonus awards were to be made. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY CLEVELAND, February 20.—The head of the Jordan Motor Company declared today that while motor com- panies with small outputs may be forced to advance prices, those with large outputs will be able to absorb Increased costs through larger vol- ume of productio: SAN ANGELO, Texas, February 20. —Wool and mohair growers are in clover at present. Good clips, an open winter and the good prices ob- tained last year have made them very optimistic. LYNN, Mass.. February 20.—Shoe manufaoturers today are doing a gen- erally satisfactory business, in spite of the fact that makers of wemen's hoes have been hampered by extreme $yles for women and rapld changes in’ popular models. PITTSBURGH, February 20.—One of the large department stores on the eve of the cold wave announced any |8uit or overcoat in the house at $23. The shelves were pracjcally bared of overcoats In a few days. PHILADELPHIA, February 20.— Indication of the activi.y of the tex- tile trades here may be judged from tally on freight shipments for one recént dav on one rafiroad from Ken- sington, a section where most of the plants are located. Shipments totaled 1,404, from 432 shipper to 1,361 customers at 647 different points in forty-three states. SEATTLE, February 20.—Shipments of commercial boxed apples from Washington through the Panama canal booked up to March 15 amount | to 400,000 boxes. The carry-over in storage today In apple centers in this territory is estimated at_ 3,000.000 boses, ‘or approximately 3,000 car- loads. GALVESTON, February 20.—The amount of sugar discharged through this port and Texas City in the last week has eclipsed all previous rec ords. More than 30,000 bags w unloaded from one steamer. ATLANTA, February 20.—The cold und storms of the last few days have hindered farm operations to some ex- tent. but planters are preparing for extraordinary activity this season, SAN FRANCISCO, February 20.—The acreage planted to beans in Californi. this yvear will be greatly increased, cording to state agricultural official day. It is expected the better demand for belnsnwfll insure growers profitable returns the larger production. ST. LOUIS. February 20.—Manufac- turers of rallroad equipment and sup- plies here are working at top speed today. The orders on their books are flowing in not only from steam car- riers, but from public utllity corpora- tio This is cauaing an increased de. mand for steel products. BOSTON. February 20.—Fears are no longer expressed of the inability on the part of leading industrial plants to ob- tain an adequate supply of coal. Bitu- minous s being freely offered today at prices well under those of a month ago. ———— Washington Stock Exchange SALES 50—$300 at 954 , Jo—81.000 at $14. 8300 at ital Traction—10 A 5 Lol at 1005, 5 at 100%, Washington Rwy. & Elec. pfd.—10 at 74%. 10 at T4, _District National Rank—10 at 171, 10 at 10 at 175, 7 at 175, AFTER CALL. Lanston Monotype—10 at T9%. Washington 951 $300 at 9! Commercial Washington Gas 734s—400 at 108. Money—Call loans—35 and 6 per cent. BONDS Bid and Asked Prices. PUBLIC TTILITY. Donohue | American Tel. & Telga. 4 ‘American Tel. & Telga. 434 Am. Tel. & Tel. cti. tr. Ot Am. Tel. & Tel. conr. 8s. Anscostia & Potomac Anacostia & Potomac guar. 5s C. &P hone 5s. & P. Telephone of Va. Bs. Capital Traction R. R. 5s... City and_Suburban 3s. Georgetown Gas 1at Be. Metropolitan R. R. 5s. Potomac Flec. 18t & Pofomac Elec. Con: omac Elec. deb. 6s. . Elec. Pow. g m. 6k Elec. Pow. £. m. & ref. & Mt Ver. B Pot, Pot. Pot. wi w Wi Wi STOCKS PUBLIC UTILITY. American Tel. & Tel; u ‘Tractlon, !? (o‘i‘i“w h, Rteamboat. Wash. Rwy. & Elec. com. ‘Wash. R & Elec. ptd. Terminal Taxi com... Terminal Taz! ptd. NATIONAL BANK, Capital . Pambis B8 TRUST COMPANY, ecurity and Trust.... Trust.. LT Kational Uslonr-- ] TITLE INSURANCE. ia_Title.. Soa Eotate Titte. consigned | | district court, o Bs—$500 at 951, $500 at | COTTONSPINIG IDUSTRYBOONS Census Bureau Reports High- est January Records in Country’s History. Rcords were made by the cotton spinning industry In January, the number of active spindle hours ex- ceeding nine billion and the average number of spindles exceeding forty million for the first time In the history of the country, the census bureau's monthly report today indicated. Cot- ton consumption in January was 610, 376 bales of lint and 49,804 of linter Active spindle hours were half a bil- lion more than during December. Active spindle hours for January totaled 9,266,299.904, or an average of 249 hours per spindle in place, com- pared with 8,228,295,384, or an aver- age of 221, for December. Spinning spindles in place, January numbered 37,225,419, of which 35,240,553 were opérated at some time during the month, compared with 37,204,197 and 34,965,440 in December. The average number of spindles operated during January, based on activity for 8.74 hours per working day, was 40,008,203, or at 107.5 per cent of capacity on a single shift basis, compared with 37,668,11 d 101.2" in December. WILLARD EXPLAINS HUGE STOCK SALE B. & 0. President Tells of Ef- for to Save $10,000,000 in Traffic for Jersey Central. Ry the Associated Press. PHILADELPHIA, February 20— Fear that freight trafic of the Lehigh and Wilkesbarro Coal Com- pany, aggregating four millfon (onT la year. might be diverted to a com: peting railroad influenced the direc- tors of the Central railroad of New Jersey to award the stock of the coal company to the Jackson E. Reynolds Syndicate of New York, witnesees testified at the hearing in the federal instituted In an effort to have the sale set aside. Objection to the sale of the stock to the Reynolds syndicate was made by leaac T. and Mary T. W. Starr, mninority stockholders of the Jersey Central, on the ground that it was inot the highest bidder. The sale was the result of the United States Su- preme Court decree ordering the dis- folution of the alleged combination maintained by the Reading Company. B. & O. President Testifies. *“Our desire.,” testified Daniel Wil- lard, president of the Baitimore and ORio railroad, was to sell this atock to some one who was engaged in the anthracite coal mining business, and our plan that only approved bidders should receive information was in an endeavor to keep the hauling of coal from the Wilkesbarre mines on the Jersey Central.” Mr. Willard was a member of the special committee of the Jersey Cen- tral which received the bids for the stock it owned in the Lehigh and Wilkes-Barre Coal Company, He said !he was opposed to the bid of the | Franklin Securities Corporation, be- |cause “these people were not in the coal mining business and we did not know them The Reynolds’ bid was 1$31,490,000. $10,000,000 in Trafiic. “I was opposed to elling the stock to any one who might work against us” continued Mr. Willard. “We couldn’t _tell whether, after getting the stock. a bidder whom we did not know intimately might not sell it to the Lehigh Valley, the Delaware, Lackawanna and Western or the Delaware and Hudson.” Mr. Willard said that the coal com- pany shipped about 4,000,000 tons of coal a year, ylelding the Jersey Cen- tral a revenue of approximately $10.- 000.000. ' William G. Besler, president of the Jersey Central, and & number of its board of directors gave similar testi- mony. PASSENGER CHARGES DECLARED TOD HIGH I. C. C. Advised to Reduce Present Fares on Certain Rail- roads in We Interstate passenger fares charged on the main lines of rallroads to and from points in Arizons, New Mexico and Nevada are too high, and should be reduced to the 3.6 cents per mile rate which is effective generally in other parts of the west, an examiner of the Interstate Commerce Commis- slon reported today in concluding an investigation into a complaint brought by the Arizona public service com- mission and commissions of other states concerned. If the examiner's conclusions are sustained by the com- mission in its final consideration of the case the existing schedules must be reduced. In the three western states named, the examiner's report sald, passen- ger rates running as high as 7.4 cents per mile are applied, the rail- roads contending that the mountain- ous character of the country and the expense of bullding and operating lines are a justification. The examiner, however, suggested that the commission allow the high- er rates to be maintained for branch line service generally, but require the carriers to give travelers over main lines the benefit of rates similar to those existing elsewhere. —_— SHIPPING BOARD ACTS. Obtains $598,500 Writ of Attach- ment in Note Case. NEW YORK, February 20.—The federal government today obtained a $598,500 writ of attachment from Su- preme Court Justice Guy against th Lloyd Royal Belge Soclete Anonym and the Rang D'Anvers Societe Anonyme, Belglan organizations, be- cause of alleged non-payment of six notes given in connection with the purchase of the steamships Bombar- dier and Cannonle! Ten notes, aggregating $997.550, were given the United States Ship- ping Board for the ships on June 15, 1930, Two were honored when they became due, but six went to protest. —_— OIL PRICES STILL HIGHER. NEW_YORK, February 20 ( cial).—Standard Oll of New Jersey has advanced gasoline prices 1 cent er gallon in North and South Caro- ina, and Standard of Indiana has done likewise throughout that com- pany’'s wastern farrjtory. BY WILLIAM F. HEFFERNAN. NEW YORK, February 20.—There- {port made public today by Durant Motors, Inc., that a surplus for the year ended December 31 last was in- creased by more than $20,000,000, re- sulted in a renewal of buying in Du- rant of Delaware from the beginning of business on the curb exchange. An advance of several points took place before the demand subsided. Durant of Indiana which is con- vertible into the Delaware stock on the basis of one share of Delaware for three of Indiana, after a specified date, moved upward in sympathy. Btar Motors Inc., one of Durant's im- portant subsidiaries reported output for the month of January, totalling 9,160 cars. It was further stated that 11,000 cars will be built and marketed in February and production for the month of March will exceed 13,000 cars. NEW YORK, Febriary 20.—Follow- Ing is an official list of bonds and stocks traded in on the New York Curb Market today: thousands. 3 Allied Packers. - 1 Allied Packers 8. 2 Alum 7s new °33. 18 Am Cotton Oil 8. 2 Am Gas & Elec 6s. Am Sum Tob Tiys. Am Rolling M| Am T & T Anaconda 65, ‘Anaconda 7s 20, Anglo-Am 01 This... Armour & Co Arm & Co Tel 5 AtlG & WIRS Beth Steel T '23. Beth Bteel 7s '35 Boston & Maine 6s ‘an Nat Ry Eq 7». Canadian Pacifie 05 Cent Kteel 86 Charcoal Co Am 8 Con Gas Balt 5l E Con Gas Balt 64 A Cons Textiles Bs.. Detroit City Gan 64. Detroit Edison s Duniop T & Rub Gulf 01l of Pa 4 Kan City Pow Kennecott Ce Louisville G & B 5. Maracalbo Oil 7s "25. Nat Cloak & Suit 8s Teather 8s Aeme T34 Y Chi & Bt Ohlo Power 5s R.... Penn Power & Lt 8s Phila Blec 5,8 . Philllp P Tigs wi wr Pub Berv N J 7 . Ennwahesn saraaemetinBoossnaGRalibe o L IOTPOIOTUPADT I P ot @ Solvey et Cle B Routhwest_Bell 0il Swift & Co Tidal Osage 7a..... United Oil Prod 8s. FOREIGN BONDS, Argentina Kin Mexican Republic 10 R R Ruwsian Govt 8igs 20 Russian Gov Bigs cfs 14% 6 Bwiss Govt Slgs ... 10813 318 of Mexico 4s... 39 STANDARD OIL ISSUES 18% P 0% nal 0 ML & Ret. 3174 108 [YyoL Joere: Sales in units. 200 Anglo-Amer Of] ... 200 Atlantic Lobos 100 Ruckese P L .00 1400 Continental Ol ... 45 Crescent P I, . 20 Comberland P 325 Galena 800 Humbie 100 Tilinols P L 440 Imp 011 of Cy 45 Tndians P L ..... 98 4100 Internat Pet (v, Ld 23y 365 Magnolin Pet .....183 200 National Transit .. 80 N Y Transit 1 2200 Ohio Ol new 4 300 Prajrie Ol & Gas.. 585 Prairie P L 25 Rolar Refining . 15 South Penn Ol 170 Southern P L ..... 15200 § O Indiana ..., 8800 & 0 Kansas new .. 2500 § O Kentuckr .. 7100 8 O N Y new . 7% 10800 Vacuum Ofl pew.. 528 “aies INDEPENDENT OIL STOCKS. in hundreds, 11 Atk Nat Gas 40 Big Tndian Oil Boston Wyo Ofl. Carib Synd ... City Service . City Service pfd.. Cits Rervice B cfa 234 183 2 133 "534 Duguesn 5 Engineers Pet . Federal Oil . Fensland 011 . Gilliland 04 . Glen Rock Of Granada Oil .. Gulf Oil of Pa . Hudwon Oil ... Keystone Ru Kirby Pet Lance Creel Latin Amer 0il Livingston Pet . Lowry 0il Lyoos Pet Mammoth_0ii Mariand Refin Marland ... Maracaibo Oi Merritt 011 Mex Eagle . Mex Oil Midweat-Tex 01l Mount Prod L PISE IR B PN =T PORE - T f s | PPN P PR L ERER & GeEs FEE FE Noble 0l & Gas p XY oil. Onhto Ranger Omar 0il & Penn Beaver Oil Pennock Ol . Red Rank Ol Salt Ck Cons. §alt Ck new Sapulpa Refin Seaboard Oil . Southern P & R. Sou States Ofl..... Texon Ol & Land. Tid Turman Went States Oil Wilcox 0l & Gi INDUSTRIALS. 3 = #3858 4 Auto Knit ‘Amal Leather.... Am Gas & Elec pfd, 483 Armour & Co Del pf 9933 Rorden' & Co....... 114 Brit-Am Tob Co con Brit-Am Tob Co re Bkiyn City R R.. Buddy Bu Campbell Soup ptd: Centrifugal Ir Pipe Chgo Bteel Wheel. . Chgo &t Wheel ptd Chicago Nipple . Cleveland Motor . Colorado Pow & Lt Columblan Carbon, 18 Cox Cash Stores 7 Cuyamel Fruit 2 Curtiss Aero . 1 Dubllier € & Ra 142 Durant Motor 12 Durant Motor £o Tnd 1 Gardner Mot 5 42 Garland Steamship. .7 1 Gillette 8 R..... 1 Glen Alden Coal.. 22 Goodyear Tire ... 11 Goodyr Tire pfd.. 43 Household Prod.... 12 Heyden Chem . 2 Hud & Maon R 1'Hydrox Crpn 5 Imperial Tobacca. 13 Inter Cont Rubbel 7 Mercer Mot.. FESE 3088588501 Bt RelBet 0888 £ FFIFFE F FEPE FFEE 2 8L onk 222t EBa 0wk InoB! aal & YW 18% 14 .75 7 6874 473% 34: (1 12:1 fl% u’i 5% 2% 5 Mesabt Iro 3 3 10% 10! & Natbept iorex s 340 38l t T8 lst 5t 100 @ Peerless Mot | 1 Phoenix Hoster: % Radia Corp' n 10 Rep Tire &) 6 Btuts Mot 1 Swift Intl. 11 Technical 2 M Tapet new.. 22 Unit Retall Candy. 12 Un Ret Con Fdrs sh 32 Un 8hoe Mach Corp 8 U 8 Lt & Heat. 11 Wayne Coal . . 1 Yale & Towne new 2 Yellow Taxi . MINING. 5 Alasks Brit-Colo.. 10 Am Commander Mi 14% | The general market displayed more irregalarity than at any time during the present upward movement. Dur- Ing the early part of the day oll shares were not inclined to pay much attention to the latest increase in gasoline prices. especially the ad- vance by Standard of Indiana of quo- tations in its territory, But when the whole market began to pick up in the afternoon the oil shares went along with the rest. Standard of Kentucky had been exceptionally weak in the forenoon and at one time down as much as four points But here, also, the decline was checked in the later trading. The copper group gave evidence that it had not fully measured the effect of the advance in the copper metal to 16 cents. Nearly all the active members of the group were strong, but Ohlo copper was decided- Iy the leader. It rose sharply on unusually heavy trading. Mohican Copper was another feature and Gold ! Coin another. 149 Arizona Globe Cop. . Big Ledge . s Rison Gold .00 Black Hawk Cons. ton Mont Corp. . eras Copper. . ada Cop ....... ‘anario Copper Candelaria Min.... 3 olumbla Emerald. . 5 Continental Minex Con Cop 3 Cons Ner Utah Cryatal Copper. Cortez Silver Cresson_Gold Eureka_Croe First Nat Cop. Fortuns Miges ... Forty Nine Mines. . Goldfield Cons . Goldficld Develop. | Goldfield Tieep Min oldfield Florence oldfield Oro ... oldfield Jackpot.. old Zone B d Coin Hardsheil Min . 5 Henrietta Riiver HINl Top Nevad: Hollinger © Hecla Mine Howe Sound .. ndependence Lead. 30 Tron_ Blossom ..... 15 Jerome Develop . 20 Knox Divide 80 Lone Star . 10 Mason 10 McKin Dy 5 20 Mammoth Div Mine .12 Mohican Cop 3 ational Tin . ew Cornella i ew Dominion Cop. ew Jersey Zinc... New York Porcupine Nipissing . o Copper . Park Utab Min ... Ray Hercules Inc.. Red Hill Florence. Richmond G chmond Copper .. Eanstorm Rendali: Sil Queen Min Corp il Mines of Amer. Stiversmith Mine Simon Silver ...... . So Am Gold & P.. Spearhead Gold ... Stewart Mines . Success Mines Teck Hughes Tono Belmont . 5 Tonopah Divide. 5 Tonopah Extens Tei Bullion . Tuolumne Tnited Easte; United Verde Ex U S Continental West End Co West End Exi Vietors Divide Mij Yorrington Mines.. 1 Yukon Alaska sr cfs 19 - (NEW YORK CURB ADOPTS 2212882851 BORCTTE R Scheme Like That Used by Stock Exchange Intended to Re- duce Expenses. By the Associated Press. NEW YORK, February 20.—The New York curb market today an- nounced formation of a clearing house, to be in operation by April 1, covering transactions in the principal stocks. The plan of operation will be similar to that now employed by the New York stock and consolidated ex- changes. Under the present system each transaction is completed by compari- son hetween the two brokers at their respective offices, necessitating ex- tensive delivery service by messen- ger. The new system is expected to expedite deliveries, reduce the overhead and lessen the amount of money re- quired to finance the daily opera- tions. Members will be charged 5 cents per 100 shares cleared in and out. BAR SILVER QUOTATIONS. LONDON, February 20.—Bar _silver, 30 11-16d per ounce. Money, 2 per cent. Discount rates, short bills, 2 7-16a2_1-2 per cent; three months, bills, 2 7-16 per cent. W YORK, February 20.—Foreign bar_silver, 64 1-8; Mexican dollars, 48 7-8. — SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) Aluminum Co. of Amer. ‘Aluminum Co. of Amer. 7a American Cotton Ofl 8+ 182 American Bugar 6e 1957... . American Tel. & Tel. Ga 1824 ican Tel, & Tel Acon pper Bs 1929 Anaconds Copper Te 1029 . Anglo-American Ofl Tis 19825 Armour & Co. 78 1080.. . Bethlehem Steel 78 1923 . Canadian Pacidc 8¢ 1024 Central Leather 5s 3 ones c. AE 6 1929, Du Pont Tis Goodyear T & R. Great Northern T Hocking Val ble Ofl ) Penna. R. R. 8t, Paul Unlon Depot Bears, Roebuck & Co. 7s 1923, Routhwestern Bell 7a 1025 Standard Oll of Calif. 7s 1031 | Tiewarer 0il 8148 1931 1 Union Tank Car 7 1830. Western Unlon 8%4s 1088, i Westinghouse E. & M. 7s 1931 _— TREASURY CERTIFICATES. (Quotations furaished by Redmond & Co.) Maturity. 1023 15 185, 3 84 September 15, 1923. 424" Delember 15, 1023. 5%s June 15, 1924, Bi3s September 15, 1024 March 15, 1935, o e 100 . 101916 101 1101718 101 Beptember 15, December 15, —_— FOREIGN EXCHANGL. February 20, 1928.—1 p.m. (Quotations furnished by W. B. Hibbs & Co.) Nominal Belling checks Zurich, B Athens, T FEE