Evening Star Newspaper, March 16, 1923, Page 29

BANK SHARES LEAD ONLOGAL MARKET New High Prices Made—Ex- tra Dividends Declared. Bonds Are Active. Bank stock transactions featured trading on the Washington Stock Ex- change this me with National Metropolitan in trading, and the - call. On call the bid price w nd stock was offered Later on 50 shares changegd hands in 10-share lots, all at 250, the new high record on the s Riggs Na sold sparingly £90 to 590, while American Security and Trust shares brought 308 to 310. rnings of banks are holding up remarkably well. with no sition to shade rates, and with fmproved demand for commercial ac- commodations. Bonds wer trading in_ th of the exchange tomac sales ent in the general The sales sheet ales of Po- Poton the same vored list carried rbt 5s and Consoli both at price— indicating the in the latter. General 6s of £old at 100 GGas 58 selling at Capital Traction sh ailway and tric nominal, with id for the common and 65 for the the same company , with Capital Traction 5s Bank Dividends and Extras. somewhat | improvement | s sold at 982, Washington Stock Exchange BALES. "r‘mju Traction 55—$1,000 at 96%, $1,000 Potomac Electric 1t 55—3$1,000 at 97, $1,000 at 97, $1,000 et 97, $1.000 at 97, $1.000 at 97. { sy hgsomae Electric _ cons. v —$1,000 at 97, $1,000 at 97, $1,000 at 9 Potomac Elec. g. m. 6s—$1.000 at 100, 1.000 at 100, $2,000 100. tion—5 at 08%, o at 98%, 4 tional Bank—2 at 590. 2 at 5801, Security and_ Trust . at 308, At 310, 10 at 308, Al ¢ " jonal Metropolitan Bank—10 . 10 at 230, 10 at 250, 10 at 250. Money—Call loans, 5 and 8 per cent. BONDS. | Bid and Asked Prices. PUBLIC UTILITY. Bia oy American Tel. ) American Tel Am. Tel. & T A, Tel. ‘& Tel. con. Anucostia & Potomuc 0. | Anacostia & Potomsc guar: . . Telephone 3. .. : of Va. B8 apital Traction R. K. o%.. Suburban_ 5s | Georg town Gus 1st i Metropolitan K. R | Washl Alex T Halto. Washington ( | Washington Gus T, [ Wash. Kwy. & Elee. 4. Wash. Rwy. & & Mt : & Annap. 5 ac| Paper M| Reulty 5 o Dep. Cold Storage 5% *k Hotel Gs... STOCKS PBBLIC UTILITY. | American Tel. & Telga | Capital“Traction....... ston Gas Directors of the Farmers and Me- | chanics National Bank of Georgetow have declared an extra dividend of 4 per cent to shareholders of record March 23, pavable April 1 Directors of the S rity ing and Commercial B have declared the dividend of 3 Per cent and in a an extra of 1 per cent, pavable M 1 to share holders of record March 26 A 5 per cent quarterly distribution has been voted by the directors of the T'nited Stat. vings Bank, March 31. 1 Enlarging Committee. Howard Moran, the convention committ appointed as associates: ail local banks, b: chairman of has the heads has acked the iatter to name an additional member of their | banking force to work members of the' committs Personal John L. Edwards, Edwards & Co. has Florida trip. BIG MORTGAGE FILED. POTTSVILLE, Pa. March 16.—A $50,000,000 mortgage of Armour & €o." of Delaware, issued to cover a $30,000,000 goid bond issue, was placed on record y ay mortgage lists all o property ‘of the company in the ed States as security for the with and be Mention. head of returned John from L a issue RESORTS ATLANTIC CITY. N. J. Directly on the beach, don. Na Ly s in the Chelsea soo- 4 water in uil privace service. $ THOMPSON & L. Offers a diversion for everymood and at all :imes— “The Home of Happy Livi -ATLanTic CiTY Worlds Greatest Hotel Success -_— d e 72749, i ATLANTICCITY.N.J. § The ideal American plan hotel directly on the ocean front. CAPACITY 600 Waltar 7 Beuzhy! TRAND ATIANTIC HOTE VIRGINIA AVE. NEAR § . PIER PECIAL EARLY SPRING RATES. 0 BUS M S BOOKLET. PAINTER. OWNER & MGR. otel Lorain PHILLIPS HOUSE, Massachusetts Ave, Near Beach. . C. and E. B. McClellan. L not only | The | T | Terminal Taxi' pfd. g ! NATIONAL BANKS i ! i payable | : TRI American Secarity and Ti Continental Trust Meionania’ Kaak ... Nutional Savings snd T Lo Lrus = Washington Lozn and Trust.] | SAVINGS BANKS, | Commerce and Savings. st Washingto. . ¥ | Securits Sav.igs & Commer Seventli Street { Caited ' States.. | Washingion Mecha Tust.... Firenen's ... } Nutionai Union.... TITLE Title. tate Titlel] 5 MISCELLANEOT Columbia Graphophone com.. Columb.a Gruphophone ped. . T.ausier & Stor: er Lanoty pe Muriet com..l Musket prd.. Columbi Beal E Secnrity Waslingt 3 Yellow Cab.. % e WILL CALL FGR STOCK. ! Plan Outlined in Connection With ! L. R. Steel Failure. { TORONTO, March 16.—An assign- ment of the L. R. Steel Service Cor- | poration, the Canadian stock-selling ney of the L. R. Steel interests, been made to T. Clarkson. tr in the bankruptcy lings of the company The assignment will mean that the | parent company of the L. R. Steel Corporation, with headquarters in Delaware, will call upon Canadians to pay $300,000.on subscribed stock, which remained unpaid when the as- | signment of the L. R. Steel Corpora- | tion in_Canada was made. { Mr. Clarkson said the Service Cor- | poration had liabilities of $1,000,000 jfor stock which it purchased from ] the American company for resale in | Canada. include the unpaid subscript out $25,000 in [ oftice turnitu “ported. DUN SEES GOOD TRADE. G. stee i Are Encouraging. i W YORK, March 16.—Good busi- in continues and prespects for the next few months are encouraging, says the weekly trade review G. Dun & Merchandise |and the top has not been is high reached ~all | bet time. | " Straw_goods are very much in de- mand after a lapse of two years. Mil- linery sales a&re opening up well. due to mild weather. Jobbers of dry goods report active sales. with good pros- pects. _Leather is good for this sea- son. Retail sales have been better than any week of the year. retard business, ed this will but it be felt for glacier walls crashing into bir mountains—whe! RESORTS jutting from rlassy geas, icebergs th, frontier ¥owns, and tunneled re white men delve for gold. From the deck of a Canadian Pacific “Prin railway o on West Taku Arm, Lake Atlin or, down the Yukon to To Vancouver, via the Tran continen Route through the Canadian Pacific Rockies Dawson City. CANADIAN « 1419 New E. PHELPS, City P: Malke reservations now—ask for Alaska Tour A PACIFIC RAILWAY enger Agent York Ave.. Washington 2t pashington Gas 55—$1,000 at 95, $1,000 250, 10 Asked. | * | Market today: % | Sales in proceed- | Prospe~ts for Next Few Months | . | of R.| | Continued advance in prices will nat- | is not { some THE EVENING By the Associated Press. NEW YORK. March 16.—Peerless Motor was the subject of much com- ment In curb market trading today because of the continued pressure against that stock, which has shown an absence of support for over two weeks. It dropped in the morning from 653 to 57 on business of a lit- |tle over 1,000 shares, making a new low for recent trading. Other motor stocks also declined, Checker Cab; after a_fractional ad- vance dropping over 1 point. Good- year Tire issues, however, were firm, the preferred starting with a gain of 1 point. Springfield Body showed . _NEW_YORK, March 16.—Following i8 an official list of bonds and stocks traded in on the New York Curb BONDS thousands 1 Allied Packers 8s Alum 7s 25 ...... 103% Am Gas & Blec 6a 9614 Am Sumat Tob Tigs 08% Am Repub Corps 6s 8 Am Rolling Mills 85 90 Am T & T 6s '24 1003 Anaconda 68 1025 Anaconda Ts 10315 Ang Am 0il 10264 Armour & Co 105 Ar & Co of Del 5ls 06 At G & W I S 8 0 60 Beth Steel - 1001, Be D 10215 1083 % & PETp 2o £5335525228% FEREF FFEF S Seamiotene Cons Textiie Cuban Tel 7 Detrott City Duniop T & R Ts... Federal Ld Bk 4is Fisher Bods 65 '27 8 1 ~rs1aZ o Inter R.T 8% Kan Csx Term A 800 Libby Mc 2 Loulsville G & & Maracaibo Oil_7s 7\ & Co Tiys. B 1 Lenther ‘85 National Acme Tigs. New Orlns Pb Sr 53 Ohio Power 3s R Phila Elec 0x ..... Phil Pet Tl%s w't wr Pub Serv of Southwest Bell 7s & Sun Ol T Vacuim 0il Valvoline Of1 7 King of Nether i Russian Govt Diys.. Russian Govi Bius SR of Mexleo 43 .. les STANDARD OIL units. Atlan Buckes a Comberland I 1 Gal Sig O Hum 0il & Re new Tmp Ol of Can . T e Inter'l Pet ‘o' Ltd lia Pet Transit Northern P 1. Ohio_ 0il new Prairie 0l & Gas Prairie P L . Solar Refin outh Venn 0l Southern P L . 50 Ind 0 Kansus new ! wum - ofl INDEPENDENT OIL STOCKS. in hundreds. | 1 Atk Nart Gas 60 Big Indlan 011 1 Cardinal Pete [ | ! | Gu.f Oil of Pa o P TSP W 50 18 ng Fuel Oil U Omar 0l & Gas. Penn Beaver Oil Pennock Ol ... Royal Canadinn Ryan Con { Salt Ck pew | 26 Sapulpa Refin 21 Seaboard 0il { 1 | 1 Wilcox 0il & Gan. i 10 INDUSTRIALS Acme Coal Acme Pac Amal Leather Auto K Am Drug ... Am Hawaiian 8§ 1 Am L & Tract.... 130 Ar & Co of Del pfd 99 Atlantic Fruit ... Borden & Co . Borden & Co pfd.. Brier Hill Steel i Brit-Am To Co Con 209 Brit-Am To Co Rz 20% 3 Buddy Rude ... 1% ‘ampbell Soup prd. 107 AP TAERE .. ... ent Teresa pfd... 4 Centrifugal Ir Pipe 12% Chieago Nipple .o 4 hicago 8t Whi'pfd 7% Checker Cab A.... 50% Columbia Carb vt of 48% Curtis Aero ...... & Curtiss “Aero ‘pfd. Cuyamel Fruit ... D.L&W Coal ... Dubilier € & Radio. Durant Motor ... Durant Mot of Tnd Ford Motor of Can. 448 rdner Motor ... 1415 illette ‘Safety Raz 2841 len Alden Coal... 6815 oodsear Tire ... oodvear Tire pfd. Griffith, D W ... Hudson & Man B 1t Hydrox “Corp Imperial Tobacto . Inter Contl Rubber Lehigh Power sec.. Mercer Mot.. Mitchell Motor it 1 14 13 §.u% & PEPEFSE, SRal Bohfaaiban s Sl NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office. Tt is said that Brazil worked in con-{ By the Associated Press, I mand, Mesabi Tron . at Dep Stores w i. 1 _Leathe at_Sup Co Del. N Y Canners w i Onyx Hoslery. 2 Penn C & C Peerless Mot Radio Corp .. Radio Corp pfd Repetti Candy Reo Motor ....... Rorenb Grain Corp Sheldon Looms w 1 Schulte Stores S0 C&l... Springfield Bdg Stuts’ Motor . Swift & Co . Technical Prod PPUPIUDIDPTE - ST = 2 P4 N e T T Triangle Film . Tnion Carbide ... Tn Pft Shar new. Retail Candy.. Shoe Mach Corp Ut Lt & Heat . 1 24 Wayne Coal . 1% W o st pt < dp TN 1 Yel Taxi Corp N Y 180 MINING. 1 Alaska Brit-Colo. 2 Alvarado Min . 128 Arizona Globe Cop. 20 Belcher Bxtens 1 < i % 2% 5% 40 Caledonia Min 5 Canarfo Copper 40 Candelaria Min . 110 Columbla Emeral 5 Con Cop Mi tmp cfs 106 Cortex Siiver . 3 24 Cresson_Gold 10 Crown Reserve . 20 Dryden Gold . STAR, WASHINGTON, a steady tone, but failed to hold an opening gain. Coal stocks, including Pennsylvania Coal_and - Coke and Southern Coal and Iron, sold at concessions, Ameri- can Chain Stores “A" stock was steady. Heaviness was also shown in the Standard Oil issues, Prairie Oll and Gas again being under pressuve and falling _three points. ~ Fractional losses were sustained in Standard Ol of Kentucky, Indiana and New York. There was a strong demund again for Southern States Ofl. Min- ing stocks were again active, Home- stake Extension being prominlent. Many of the copper stocks were trad- ed on a fairly large scale without material change in prices. Salrador . Emma Bilver . Eureka Croesus Fortuna Mines . Fortr-nine Mines .. | B Min .08 Goldfield Florence . Goldfield Jackpot Gold (vin Min Gold State Hardshell Hill Top Heela Mine § Howe Sound .. ).0 Independence Lead. .3 Tron_Blossom Jerome Derelo; 3 Homestake Exte Jumbo Extension Kerr Lake ... Mason Valley Marsh Mines MeNamara .. Mohtean Cop’ . National Tin . New Dominion Cop. New Jerses Zinc N Y Porcupine. evada Ophir .. evada 8il Horn Ohio Cop ... Ray Herculex Inc Red Hill Florence Rex Cons ....... Richmond Copper _. Sandstorm Kendall. San Toy ...... . Sil Queen Min Corp . 811 Ri Div Min reor Silversmith Mines in ~S8REARAREREER Fu2823 28.8253 Dev.. Teck Hughes.. Tonopah Divide Tonopah Extension. Tonopah Mintng.. . Tri Bullion.......... | PLEA OF BRAZIL FAILS TO WIN OVER MEXICO By the Associated Press BUENOS AIRES. March 16.—Press dispatches from Rio de Janeiso says that the corresponde have learned at the foreign office that Brazil was the na- tion which recently made an effort to induce Mexico to reconsider her refusal to attend the pan-American conference junction with Chile toward this end, but was unsuccessful. The information made available to the correspondents indicates that a note cretary Hughes to the Bra- zilian ambassador at Washington also had a part in the negotiations. s further say that Bra- Canada into the an-American Union and is hopeful that the Dominfon will be represented at the sixth pan-American congress. which Brazil will suggest be held in Monteviedo in 1928, the centenniel year of Uruguay's independence. . pali e FOREIGN EXCHAN March 16, 1923 1 pm. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks | goid valve. today. London. 4 8RR 4.6914 Muntreal. doilar £ Paris. franc.. Brussels, franc..... Berlin, mark. . Rome. 1irn Zurich. fran Athens, drachma Mudrid, pesetn.. unn. crown. L. Bullapest, crown. 1 Prague, crown. Warsaw, mark. .- Copenhager.. crown. ... Christiania, crow Stockholm, ctown pound NEW YORK., March 16.—Foreign exchanges steady. Quotations (in United States doilars): Great Britain, demand, 4.68%: cables, 4.69. Sixty day bills on banks, 4.66%. France, d mand, .0624; cables, .0624. Italy, de- mand. .0537%; cables, .0538. Germany, demand, .000048%; cables. .0000483%. demand, .3943; cables, .3946. demand, .1815. Sweden, de: 57. Denmark, demand, .1925. demand, .1560. Spain, de- Greece, demand, .0109. .0000; Czechoslo- 0298. Argentine, de- Brazil, demand, .1118. 11-16. 1546. demand. demand. Poland. vakia, mand, Montreal, .87 NEW YORK EGG PRICES. NEW YORK, March 16.—Eggs ir- regular; receipts, 33,360 cases. Fresh gathered extra firsts, 301:a31%:: do., firste, 2814a30; New Jersey, hennery whites, locally candled extras, 40a42; do. uncandled extras, 40a4l: state and near- by hennery browns, extras, 35: state, nearby and nearby western hennery whites, firsts to extras, 34a39: Pacific coast whites, extras, 37a38; do. firsts to exttra firsts, 3415a36% PARIS MARKET EASY. PARIS, March 16.—Prices were on the bourse today. Three per rentes, 57 francs 80 centimes. Ex- change on London, 74 francs 35 cen- times. Five per cent loan. 73 francs 70 centimes. The dollar was quoted | at 16 francs 77% centime: easy cent ‘WOOL AUCTION SALES. LONDON, March 16.—The offerings at the wool -auction sales today amounted to 10,041 bales. It was an indifferent selection and consisted largely of speculators’ lots which met with a quieter demand. There were frequent withdrawals. SILK PRICES SHOOT UP. NEW YORK, March 16 (Special).— Trading in cotton cloths showed only a moderate amount of activity today. D. C., FRIDAY, MARCH 16, 1923 COTTON PRICES DROP EARLY IN SESSION Private Report Indicates Increase in Coming Crop of 11,100,- 000 Bales. By the Ausociated Prens. NEW YORK, March 16.—The cotton market opened today steady at an advance of 3 to 6 points, in response to relatively firm cables and a falr demand for May contracts around the 31-cent level. The bulge met renewed realizing or liquilation, however, and selling for a reaction was promoted by prospect for clearing weather in the south. As a result the market soon eased off with May down to 30.87, and October to 26.68, during the early trading, or about 6 to 13 points net lower. A private report issued today pointed to an increase of 10.1 per cent in acreage, which on the basis of last year's yield per acre, was sald to indicate & crop of around 11,100,- i 000 bales. According to this report about 6 per cent of the old crop is held in the interior with many of the holders asking 31% cents per! pound for round lots. Futures opened steady; March, 30.91; May, 31.05; July, 30.34; October, 26.7 December, 26.22. NEW ORLEANS, March 16.—Un- favorable weather conditions over practically the entire belt put 'the price of cotton 12 to 17 points higher during the course of the opening call today, but heavy offerings met the advance and a quick reaction result- | ed. At the end of the first half hour of business prices were 5 to 7 points under the close of yesterday. May rose to 30.68 cents a pound and fell back to 30.50: October rose to 26.50 and fell back to 26.27. Cotton opened steady: March, 30.78; May, 30.65; July. 30.32; October, 26.45, and December. 25.97, NEW ORLEANS, March 186. March, 30.78 asked: May, 3! 30.24; October, 26.35; December, 5. Steady. NEW YORK, March 16.—11:45 a.m. May, 31.31; July, 30.39; October, 26.79; December, 26.25. Steady. CLOVER LEAF FAVORS BIE; RAILROAD MERGER Other Lines Have Already Ap- proved Consolidation of Im- portant Roads. B the Associated Press FRANKFORT, Ind., March 16 —Rati- fication of the agreement for the con- solidation of the Toledo. St. Louis and Western (Clover Leaf) Rallroad Com- pany with the New York, Chicago and St. Louis Railroad Company nd other lines was given at a meeting of the stockholders of the Clover Leaf here today. There were no dissenting votes. Stockholders of ail other lines in- volved in the merger already have voted favorably, and 2 meeting will be held in Cleveland May 2 to elect officers and directors of the consoli- dation. STANDARD OF KENTUCKY EARNS $7.60 A SHARE, 0il Company Distributed $12,763,- 725 in Cash and Stack Divi- dends in 1822. By the A 3 LOUISVILLE, Ky., 16.—Rec. ord distribution of $12, 20 cash and stock dividends by the Standard Oil Company of Kentucky in 1922 left the company in a sound financial March lcondition and with prospects: for a B0od year in 1923, according to the 1922 statement made public here to- y by the board of directors. Earned profits for 1922, according to the statement, wers $5.086.874.92, or $7.60 on each of the 668,608 out- standing shares with a par value of 3. each. No changes were made in the per- sonnel of the officials or directors at elections held yesterday. TUESDAY SENTENCE DAY FOR CONVICTED RADICALS Defendants Claim I. W. W. Bans Violent Doctrines Claimed by State. By the Associated Prezs. LOS ANGELES, Calif., March 15— Next Tuesday is set as the date for passing sentence on eight members of the Industrial Workers of the World who, in the superior court yesterday, were convicted of criminal syndicalism. All of the defendants—Roy Leon- ard, Claud E. Erwin, James Fink, Lawrence Gross, Arturo Oria, Wil- liam Allen, Martin Larsen and Dan Duffy—were found guilty. ‘The men acted as their own coun- seleach addressing the jury in final argument. They admitted member- ship in the 1. W. W. but defended that organization, contending that it did not stand for the violent doctrines charged by the state. WALL STREET NOTES. Fiske Tire Advances Prices—Mmy! The standard print cloths recorded a fair amount of business with prices about unchanged, quotations for 64 by 60s remaining at 11% cents and for .68 by 72s at 12%. Quotations for Japanese silks in the local mar- ket were steady and firm with no change in auotations, but Cantons again shot upward, 14-16a advancing to 8.75, and 20-22s to 8.00. RESERVE BANK REPORT. NEW YORK, March 16.—The state- ment of the condition of the Federal Reserve. Bank of New York at the close of business March 14 shows: Total gold reserves, $1,052,890,162.75; total réserves, $1,069,933,420.75; bills discounted -secured by government war obligations for members, $176,- 173,475.00; all others, $33,308,679.34. bills bought in open market, $35,263, 703.76; total bills on hand, $244,74 858.10; total earning assets, $269,172,. | 608.10; uncollected items, $152,414,- 162.33; dye to members, reserve ac- count, $724,458,362.30; total deposits, $734,753,031.18; federal reserve notes in actual circulation, $567,168,298.00; ratio of total reserves to deposits and federal reserve note liabilities com- bined, 82.2 per cent. BAR SILVER QUOTATIONS. LONDON, March 16.—Bar _sflver, 323 pence per ounce. Money, 1% per cent. Discount rates, short bills, 2 per cent; three months' bills, zu.za per cent. NEW YORK, March 16.—Foreign Dbar silver, 67%; Mexican dollars, 51%. Stocks Ex-Dividend. Bpecial Dispatch to The Star. NEW YORK, March 16 —Fiske Tire Company today advanced tire prices approximately 10 per cent, effective March 17. Regular quarterly dividends today: Schulte Retail Stores preferred. Mac- Andrew Forbes Company, Turman Oil, Massachusetts Lighting Com- pany, Torrington Company common and Congoleum common. Ex-dividends today: American Gas and Electric common, American Can preferred, American Telephone and Telegraph, American Wool common preferred, Anaconda, Electric Storage | Battery common, Kelly-Springfieid Tire preferred, Lehigh Valley common and preferred, ~ Northern Pacific, Owens Bottle gom‘mon and preferred, way Steel Spring common. - R v York bank clearings, $819.000. 000; New York bank balances, $109,- 000,000. New York Federal Reserve Bank _credit: $99,000,000. Boston bank clearings, $90.000,000. —_— TODAY’S SUGAR PRICES. VEW YORK, March 16.—The raw mfilr market was steady and ‘un- changed early today at 5% for Cubas, cost and freight, equal to 7.40 for cen- trifugal. There wers sales of 30,000 bags of Cubas nearby to & local re- finer. Raw sugar futures opened easy and 5 to 9 points lower under liquida- tion, but steadied upon covering and trade buying, with prices at midday about unchanged from the previol e. was unchanged to 8.90 to 9.30 for granuiated, with.demand light. selling | ‘The market for refined sugar GEO! On v COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY STURGIS, Mich, March 16.—De- mand on furniture manufacturers here has been so heavy this month that the Autsbrook & Jones Company announced today it would commence at once construction of an addition to its plant which will cover an entire | city block and give work for 500 ad- | ditional men. Cash Real Real To Net Rese: SEATTLE March 16.—Wholesale glass dealers have marked up prices approximately 20 per cent and trade is booming today. Supplies of the best grade of plate Blass received here have come from Belgium through tke Panama canal. NEW ORLEANS, March 16.—Spring trade among the retailers of Mis- sissippl, Louisiana and Alabama so far this month has been 20 per cent above that of last year. 1 LANCASTER, Pa, March 16.—To- bacco growers of this state have realized from 18 to 20 cents a pound,for their 1922 crop and packers have recently been offered 28 cents a pound. Six new tobacco factories have been opened in the York district. Al 1 ST. PAUL, March 16.—Motor_ truck iwill be used extensively in hauling | material for the new Ford fact to High Dam. The St. Paul road agreed to install spur trac these cannot be ready in time for the starting of work on the new plant. YAKIMA, Wash.. March 16.—Woo! shearing in eastern Washington and iOregon has just started, but grower are steering clear of sales at present {prices and eastern buyers are cau- itious in their offers. Little fear I8 felt here that the market will break {to lower levels. PITTSBURGH, March 16.—Tubular goods are in strong demand. Oil fields |are calling for large amounts of sup- ‘DI\P! The Carnegie Steel mpany fired its Sharon furnace this week. MILLS TO BE ENLARGED. the Assoctated Press. COLUMBIA, S. C., March 16.—The { Palmetto miils, located here and owned by the Martel Mills Company, | will be enlarged next spring, it w: announced today by J. P. Ott j paymaster for the mills. Three thousand spindles and 100 looms 'wxll be added. : 'ITALIAN PRINCESS WEDS COUNT BERGOLO APRIL 9! Date Not to Be Changed by Death | of Former Montenegrin Queen ‘ Grandmother. i i B the Associated Press. ROME, March 16.—The marriage of Princess Yolanda, eldest daughter of King Victor Emmanuel. to C ‘alvi Di Bergolo, has been definite ifixed for April 9. The civil cers {mony will be performed in the large ! |hall of the royal palace, and the r iligious ceremony in the Pauline hapel within the Quirinal. The date iwill not be changed by the death ot {former Queen Milena of Montenes the bride’s grandmother. | Princess Yolanda and her flancee laccompanied by Duke Borea d'Olmo, !prefect of the roval palace, vesterday |visited the hall and the chapel. gi ing instructions as to the arrange- ments for the two ceremonies. | 1t is the custom for brides of the tHouse of Savoy to give presents to; {their girl friends. Yolanda is giving jumpers made by herself, in each case Iremembering the special tastes and {favorite color of the recipient. By ithus giving her time and interest she {felt that her gifts would be much more acceptable than jewels or other ichased articles. “All the members |the roval family are expected to be in Rome for the wedding. Premier Mus- solini will act as notary of thel crown, and Tomasso Tittoni. president of the senate. will actually perform {the civil marriage. {BIG GAINS IN SMUGGLING | IMMIGRANTS, IS CHARGE NEW_YORK, March 16.—Immigrant smuggling has become even more! ! profitable than rum running, Judge | Roealsky declared in sentencing two ! { seamen to prison for robbery. The | men were alleged to be in the country | illegally. i “Seamen make mo money ‘h:\n‘ bootleggers by smuggling people into this country.” Judge Rosalsky sald.l ““The present laws are crude and| heartless, and easy to evade. Thieves working 'as seamen are allowed to enter, while decent, law-abiding per- sons are kept out under the quotaj] laws. One of the men sentenced today was Rudolph Blair, alias Robert Louppi, who had a record of four convictions ! in Switzerland. He was given five years in the penitentiary, at the end| of which his deportation will be sought. The other was Henry N tence at the end of which he also { | | ;"e was given an indeterminate sen- | |faces deportation. GERMAN FIRM’S METHODS HELD TO BE UNLAWFUL{ U. . Appellate Court Declares Cor- | | poration’s Plans to Regain Pre- War Trade “Unfair.” By the Associated Press. NEW YORK, March 16.—An at- tempt by a German corporation to regain its pre-war trade after its| business has been sold during the {war by the alien property custodian, {by adopting a name and offices that | might be confused with the old firm | constituates unfalr competition, the | United States circuit court of appeals has_held. =l Then decision reversed the action | of the federal court in refusing an | ,m:uncuon sought by the Koppel In-| i dustrial Car and Equipment Company against Grenstein & Koppel Aktien | { Gesellschaft, Orenstein & Koppel. Com- | pany, Limited, and L. E. Hellman and | Eric Joseph. 7 In September, 1918, the alien prop- erty custodian sold ‘the business of the German corporation, which oper- | ated a large plant at Koppel, Pa. manufacturing small types of 'rail® ways and industrail material, to the Koppel Industrial Car and Equipment Company for $1,312,000. The pur- chase included the outstanding stack, under the D June 30, 1802, and August 18, 1911 Capital ‘stock’ ...... 2 Capital stock, paid up, Stocks Callateral loans Premiums Lands of agents ........ Interest due aud accrued . Losses reported and adjustment Total liabilities .............. Character of business transacted during the year 1 (&eal.) F. P. AMERINE, Secretary. Subscribed and sworn to before me this 15th day of February, 1 (Sea1) Georgetown Insurance Agency, invest, we can place it on gilt-edge first D. C. Mortgages. record of 30 years insures your protection. ous treatment. Percy H. Russell Co. S.W. Cor. 15th & “K” Sts. With Attractive Interest Class Washington Realty tels. oans. Commercial Loan & Finance Corporation Assetn Surplus ¥INANCIAL STATEMENT OF THE CONDITION the RGIA _CASUALTY INSURANCE COM- PANY OF MACON, GA. Le 315t duy of December, 1922, fet of Columbia ¢ $25,000 50,000 5206 2 Montk. Aze 0 Easy Monthly Paymonte Security, $250,000,000 M. LEROY GOFF Insurance—All Branches 610 Woodward Building i $300,540.00 | incasn... 300,549.00 { ASSLTS. e d_bonds (market value) m'filll\'(fll”llud £ ”” 5 When vou are consult a doctor. When you need advice re- garding rental properties con- sult us, sick you tal assets unpaid el rie s require 4 by law. in process of S That's Our Busines RENTS B.F. SAUL CO. Mortgage Loans 1412 Eye St. N.W. Phone Main 2100 , ete plus stock other liabi w2 '—Casualty insurance. sustained duriog the year An $1,083,711.56 ) during " th : R. WOODWARD. Notary Public, Bibb County, Ga. _ General Agent 2 Wisconsin Ave. N.W. “BeforeYon Invest. INVESTIGATE" If you have money to safely The above advice is just as important to the small as the large investor. The rcason the DISTRICT GUARANTY CORPORATION es because the man who follows it nearly always opens an invest- ment account with us. William B Westlake FISCAL AGENT ton - - - D.C. Courte- If You Believe in the United is States You Believe in Washington A SAFE INVESTMENT 7% First MORTGAGE NOTES $100 to $1,000 Secured by Highest “When Investing” Consider First fety. e of return earnings will_yield You will find First Mortgage Notes always foremost in recommended safety Send for full information concerning our 1% First Mortgage Second. the T 813 15th St. N.W. Main 2430 investors, the day due. From $100 to $300 on D. C. real state and household goods or chat- 7 per cent interest. .No broker- e charged. Come in and let us ex-. 5 924 14th ain our method of making small Toan Dept. M. Room 211, 921 15th St. N.W. ystem Copyrighted & Patent Pending. o] EQUITABLE Co-Operative Building Livermore & Co. Members New York Stock Exchange 823 15th St. N.W. and Wardman Park Hotel Association Organized 1879 434 YEAR COMPLETED Systematic Saving A plan to make saving easy— Save a little each pay day and You will amount accumulated in a short time. be surprised at the Subscriptions for the 84th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING Main 2790 915 F St. N.W. s JOHN JOY EDS President FRANK P. REESIDE, Secy. Out of the Large Nun‘{ber 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 SHANN 713 14th Street ON- & LUCHYS registered trade marks and trade names of the enemy corporation. Since the war, the German corpora- { | tion began reorganizing its trade in the United States through Hellman and Joseph, who formerly were its agents and who, during the war, were interned as enemy aliens. The German firm opened offices in New York in the same building as the joffices of the Koppel Industrial Car and Equipment Company. “We think the bill of sale con- veved to the purchaser the exclusive right to carry on the business in the United States with the right of pro- tection of a caurt of equity from in- terference by the German corpora- tion,” the opinion said. “If the pres. ent interference be permitted, what was conveyed would, in time, e de- stroyed.” DEMAND WAGE INCREASE. FALL RIVER, Mass., March 16.— The textile council today made for- mal demand on the owners of the cotton mills in this city for a wage increase of 15 per cent. April 2 was got as the date when the advance should take effect. Money to Loan deed of trust on’real estate. ymission. interest and Rooms are Available in the New Boss & Phelps Building The peculiar conditions surrounding the plan and location of this new Office Building of ours—1417 K street—offer exceptional accomodations to professional men, brokers and others who require exact environ- ment. Rooms are available—singly or en suite. Every corner is flooded with daylight; perfect ventilation; fireproof construction, etc. The most perfect elevator and janitor service is insured. For inspection and terms apply to Boss & Phelps “The Home of Homes” 1417 K Street Phone Main 4340 a2 eiier EFE T 5wt Pre Joseph bidg., Wa, 728~15°"St.nw. Tel.Main 6719 vour Chas. D. Sager { LIFE INSURANCE i Investments in Amounis of $250 Up to $5,000 Guaranteed Title furnished to all with collection remitted