Evening Star Newspaper, March 27, 1923, Page 25

Better Feeling Between Races | Being Promoted Through South Inter-Racial Commission’s Efforts Rap- | idly Killing Out Distrust and Suspicion Which Followed F~ BY ROBERT B. ELEAZER. A week before the armistice, ‘Which ended the great war, a traveler through the south would have been struck with the wonderful solidarity of the population, white and colored. In the support of the war they were united as never before. Two hundred thousand negro youth were fighting for the flag in France and many more Dreparing to go over. The millions back at home were responding heartily to every wartime appeal, and in proportion to their means qulite as generously as any other group. The white people were unstinted in their praise of the negro's lovalty, while the negro, encouraged by the stirring utterances of President Wil- #on and the democratic {deals of the war, felt that in the future things would not be quite the same. He looked for more of sympathy, less of in Wake of War. prejudice and injustice, a fuller guar- tee of his constitutional right of life, liberty and the pursuit of hap- piness.” Race antagonism was for- gotten for the time in devotion to a common cause. It looked as if the problem had at last been solved. Distrust Flouriahes. A week after the armistice one might have observed a subtle but ominous change. Distrust was be- ginning to get abroad. What would be the attitude of the negro_troops when they returned from France? Incendiary rumors filled the air, and by the time the negro soldlers began to return a grave and deplorable situation had arisen. Suspicion and fear had taken deep hold upom both races. Mob violence, which had great- ly declined during the war, burst out | afresh. In city after city race riots | flamed up, with casualties on both | sides. The tension tightened every- where, and the nation awaited the outcome with dread suspense. It was in this crisis that the com- 150 fiesfi clean fowels or § (Jcents You need no longer deny yourself the comfort, convenience and sanitary cleanliness of ScotTissue Towels. You can now buy 150 towels for 40 cents (by the carton) or 3750 towels for $6.50 (by the case) in this city; and for even less if you buy in A five, ten or twenty-five case quantities. These prices are the result of our fight to lower .costs and pass the saving on to the consumer. Phone or write us and (immediately supplied with we'll see that you are towels and fixtures. SCOTT PAPER COMPANY Baltimore Office, Builders’ Exchange * J. M. Keeler, Sales Manager Phone: Plaza 7630 Convenient of usin Scof lissue Towels | plated fixture Attractive, convenient. special outfit—$5 Right out of the dustpreol carton. Or pile on any B Notstresesded. 0% Piate glass mir. d towel rack and 150 ScotTissue Towels. Hangs like picturs on wall. THE EVENING mission on interracial co-operation came into existence. Oppressed with the ominous possibilities of the situa- tlon, a small group of southern lead- ers met day after day in Atlanta, earnestly seeking some means of averting the threatened calamity by bringing to the front the construc- tive Christian leadership of both races. At the center of this group were John J. Eagan, manufacturer andchurchman; Tev. W. W. Alex- ander, who, as a representative of the Y. M. C.'A. war work council, was in close touch with the returning NegTo troops, and Dr. M. Ashby Jones, pastor of a leading Atlanta church. It happened that these three repre- sented three of the strongest south- ern dendminations — Presbyterian, Methodist and Baptist, Commisaton Formed. Out of the thought and prayer of these men and others like them the commission on interracial co-opera- tion was born early in 1918, Tts membership was made up of léading educators, ministers, business and professional men from every state in the south, including a number of out- standing negro leaders. The situation was desperate and the effort to cover the fleld with a close and effective organization was pushed at top speed State committess were organized throughout the south and men were put in the fleld to set up as quickly as possible local commit- tees in every community where the problem was acute. It was & stag- gering task, and fraught with pecu- of Dr. Alexander, with the co-opera- liar dificulties, but under direction tion of the Y. M. C. A. machinery and financed by the war work council, it was accomplished in record time. The result fully justified the effort. A better spirit immediately appeared. Susplcion and distrust began to give way to_ understanding &and confi- derice. The forces of law and order were encouraged and strengthened. The fires of hate were checked and the threatened conflagration was averted, largely, without doubt, through the agencies set in motion by the commlssion. Better Understanding Sought. Having proved its efficacy In the erisis which called it into being, it was unanimously felt that the com- mission should enter upon the larger task of permanently improving race relations throughout the south and putting them, as far as possible, upon a thoroughly Christian basis. A south-wide campaign of good will was accordingly projected, aimed at the creation of & better 'spirit, the INSPECT TONIGH Open and Lighted $500 CASH 315 to 327 L Street N.E. H St. Cars) it | (Just North The only new city houses offered on the market for this price and on such easy terms. All Houses Open for Inspection || : All Houses Sold on Monthly Payments All houses have outlets for sink and gas range i on second floor, so you can easily rent second i floor for enough to make monthly payments. BTAR, 'WASHINGTON, correction of nces, and the pro- motion of understanding and sympa- thy between the races. To this end committees have been set up in every southern state and in 800 counties. In many communi- ties their efforts have been notably successful. Threatened Iynchings and riots have been prevented, injustices have been corrected, co-operation for mutual welfare has been brought about and relations of frankness and confidence have been established be- tween the best elemnts of both racs. In general, their activities have meant the infection of the Christlan spirit into interracial relations and the effort to solve in that spirit whatever problems arise from time to time. The philosophy on which the work Of these grotps rests is the belief that every man is entitied to a hear- ing, that mutual understanding Is the surest means of conciliation and that a Christian solution of every fn- terraclal problem can be found if mn are willing o seek it In a Chris- tian spirit, Better Understanding Sought. The method of securing these ends is to bring together In each com- munity representatives of the best white and colored peopls, sometimes in separate groups, sometimes to- gother, so that conference relations {may be set up. These committees frankly face and discuss all points of friction or danger and seek to ob- viate them. The negro members are encouraged to lay bare any griev- ances or injustices from which they feel they are suffering, or any needs of which they are keenly sensible. Perhaps it is a feeling that they are not getting justice in the courts, or protection at the hands of the law. Perhaps it is lack of sewers, side- walks or other public utilities'in the negro area of some city. Perhaps it is the need of better schools. Per- haps it is economic exploitation of which they complain. Whatever it may be, the committes hears the case with open mind, goes into it frankly and sympathetically and takes such action as the facts seem o demand. The actual relief afforded means great deal toward better relations, but the opportunity for frank and sympathetic conference means even more, At this grounded not only psychology, but in the very funda- | mentals of fairness and justice. It is ms thoroughly practical as it is the method is point in the soundest T 6:30 to 8:30 Daily ° { i | contemplating removal of his stock | Sales | { PIERCE-ARROW SALES ave increased 228 percent *The 1901 Pierce-Moterette as it of the ER a span of years that meas- ures nearly the entire lifetime automobile industry, there has developed a deep-rooted respect for the name Pierce-Arrow. = V' From the beginning, the makers of Pierce-Arrow definitely have sought this respect. They believed then, as now, that a product of uncommon quality—designed and built to excel —is bound to win preference. And they knew then, as now, that the price of this inevitable leadership would be ceaseless vigilance and a constant striving toward still higher attainment. And so, in America, the name Pierce-Arrow has come to have an almost generic meaning. Uncon- sciously 1t springs to the lips of the FOSS-HUGHES COMPANY 1141 Connecticut Ave. NW. Baltimore, 1313 Cathedral St. looked on its 2nd birt] ‘which it celebrated by running from Buffalo to New Vork City. This yehicle was 1 of the models forerus the ‘won the Glidden tours in successive years. man on the street as the descriptive term for the capsheaf of quality. This widespread and acknowledged respect is now more pronounced than ever. It is reflec increasing directly in the public demand for the products which bear the Pierce-Arrow nameplate. Specifitally, this year’s sales at this writing show an increase of 228% over those of the corresponding period of 1922, An unmistakable expression of public confidence and nce—a confidence founded on the stability and integrity of the makers, preference based on the sheer of the product itself. and a merit Phone Franklin 4541 Distributors of Pierce-Arrow Passenger Cars and Pierce-Arrow Motor Trucks ence Saunders, street’” and unethical methods,” and declared: D. C, TUESDAY, MARCH 27, 1923 NEW YORK CURB MARKET Recelved by Private Wire Direct to The Star Office. Christian. It gets results, as ne other plan can do. Indeed, this method of approach to the problem represents the major contribution of the interracial to its solution. The commission does not ek to put over a program of race relations. It does not say to any com- munity: “This must you'do with re- lation to the negro.” It insists upon one thing only: That in every com- munity where race relations are an issue, the best people should take the matter geriously in hand, with the de- termined purpse to seck a Christian solution of every problem as it arises, and “to substitute good will and justice for the spirit of distrust and suspicion that is fraught with so great danger to both races. With a proposition so sound there can be no disagreement. With rare exceptions, therefore, the commission has no difficulty in_securing the hearty co- operation of the best people in the community. \,‘nm:- Take Part. An interesting recent development in" the movement is the enlistment of the leading women of many south- ern states, o co-operate with the varfous state,committees, and'to pro- mote the study of this question in thelr elvic and religious orgamizations. So far this step has been taken by the wom- en of Georgla, Alabama, Virginia, South Carolina, Arkansas, Tennessee, Texas and North Carolina. In every case the women have made strong pronouncements against mob violence and in favor of even-handed justice for the negro, particularly in matters primarily affecting the welfare of women and children. Plans have been adopted by a number of the de- nominational women’'s organizations by which the study of this question, both from text books and practice. shall become a part of the work of every group, with the view to such efforts to improve local conditions as may seem to be needed. This phase of the movement is highly significant. It should not be understood from the above that the race problem in the south has been golved. Only & beginning has been made. But it I8 a hopeful beginning. A method has been found that works—the method of conference and co-operation. A road has been discovered which, if consistently followed, will surely lead us out—the road to the hearts of men. PGELY STOCK 8 INTODAYSSALES Exchange Answers Saunders, Who Pushes Plans for Court Action. By the Associated Press ZW YORK. March 2 ders, president Inc, todav has the answer of the York Stock Exchange to the charge he made that it wa: ellow” and a “welcher” in the transactions involving the class A stock of h company. The exchange's formal re ply was issued last night The exchange asserted that lived up to all its laws and niracts with Mr. Saunders arged that the president ry company had deait unfal it. In addition, it declared the removal of Piggly Wiggly stock from the trading list and suspension of the exchange rules had averted demo- ralization of the whole stock market. All ‘short’ members of the exchange cleared their last share through the exchange before 2:15 yesterday, the dead line set, the statement said, at the time suggested by Mr. Saun- ders’ attorney. .. Instead of the existence of 25000 'short™ shares, as Mr. Saunders as- serted when he called for delivery of hia stock, thera were only 11.000 shares. sdded the statement, makin no attempt to ac- count f epancy Mr. it was added, was forawarned the exchange was —Clarence Ely New it and that from the trading list when it learn- ed that he was advertising ths same 8tock for sale at $55 a share when it was selling for more on tha sx. changs floor. The stock finally was s.uspt-ndh‘d with the oconsent of Mr. Saunders’ attorney, the statement also Some odd lots of Piggly Wigg! 1 y were covered in early trading “over the counter” today at 80. “FIGHT HAS ONLY BEGUN.” Saunders Plans for Taking Piggly Case Into Courts. By the Assocluted Press. MEMPHIS, Tenn., March 27.—Clar- N president of Piggl: Wiggly Stores, Inc., whose ntor‘,kg?.:ai been the center of u New York Stock Exchange sensation since its fluctua- tion last Tuesday terminating in catch- ing short sellers shy what he claims to be lpproxlmltel{ 25,000 shares, to- day was engaged in checking on the time the shares delivered in settlement were acquired by b ke zoqu Y brokers making the No time has been announced by Mr. Saunders as to when he shall begin oourt action in suits which he pro- poses to bring against “each of the rokers who “was at default” and against the New York exchange. The Piggly Wiggly president again de- nounced the stock exchange and “Wall for what he termed “trickery “The fight has just begun.” NEW YORK EGG PRICES. NEW YORK, March 27.—Eggs—Un- settled; receipts, 66,506 cases; fresh gathered extra firsts, 26%29%; do., firsts, 24a28; Pacific coast whites, ex- tras, 38; do., firsts to extra firsts, 33 asT%. A CUBAN SUGAR ESTIMATE. HAVANA, Cuba, March 27.—Accord- ing to a tabulation of reports from a majority of the sugar mills in Cuba, published this morning, this year's crop is estimated at 3,735,300 long tons, Other estimates, published recently, place the crop #t from 100,- 000 tons lower than today's report to a maximum of 4,121,000 tons. STEEL DEMAND HOLDS UP. PITTSBURGH, March 27 (Special).— There is no reduction in steel demand in this section, although steel price levels continue to rise. Some bullding plans fn _various sections have been postponed on account of present costs, but these are very few in comparison to the great volume of buflding plan- ned or under way. Mills and fur- naces are being pushed to mest de- mands of buyers and are in_recelpt of inquirfes for a larger tonnage than they are willing to quote on. BIG STOCK INCREASE. NEW YORK, March 27.—Stock- holders of the American Telephone and Telegraph Company today ap- proved an increase in the authorifed- common stock from $750,000,000 to $1,000,000,000. BUTTER PRICES LOWER. CHICAGO, March 27.—Butter lower; creamery extras, 50; standards, 49! extra firsts, 49a49%:; firsts, 48a48%: seconds, 47847 Eggs—Higher: receipts, 35,687 cases; firsts, 23a23%; ordinary firsts, 21%a miscellaneous, 22a22%. BAR SILVER QUOTATIONS. LONDON, March 27.—Bar silver, 33% pence per ourice. . Money, 2% per cent. Discount rates short and three-month bills, 2422 3-16 per cent. arch 27—Foreign Mexioan dollars, of Piggly Wig-| to itm] of the | units. BY WILLIAM F. HEFFERNAN, NEW YORK, March 27.—Buying of Schulte Retall Stores was the ture on the curb exchange today. In view of the showing made in the con- solidated report recently lssued, the street 1s still sure that a substantial stock dividend is not far off. After s resting perfod in the market Monday Schulte was bid up sharply today across 82 before the rise was checked. The report showed earnings at the rate of §8.41 a share on the 300,000 shares of common stock outstanding. Changes in the oll group were small and unimportant. If anything their tendency most of the time was down- ward, but the reaction was slight. Speculative interest was attracted to the two new ofl issues admitted to trading. One was the Derby Oil and Refining Corporation preferred and common, the other the $5 par shares of the Lafayette Oil Corporation, the opening on which was 32. Trading started after midday in the Derby stocks, initial sales in the preferred taking place at 49%, against the sub- scription price of 49%. Despite the announcement by bankers handling the issues that they had been over- —_— NEW YORK, March 27.—Following 18 an offcial 1fst of bonds and stocks traded in on the New York Curb Market today: Salen in thousands. 24 Am Cot Ol 6s..... 10 Am Gas & Elec 04.. 2 Am Bumat Tob Tigs. 8 Am Rolling Mills 6s 4Am T & T 65 ‘2% 3 Am Chain 6 W. 8 Anaconda fs 3 Anaconda 7s 8 Anglo Am 01 8 Armour & C BONDS. High. o1 4 Armour & Co 30 Ar & Co of 206 B R T 0a ‘88 2 Jleth Steel 7u '35... 2 Hoston & Maine 6s 1 Can Nat Ry Fquip 76 Cent Steel Sx....... 1 Charcoal On Am Ra. . 1 City Bervice 7s (... 1 City Service 7x ... f © Con Gas Balt 6s A.. 8 Con_Textiles Ss. 1 Desre & Co Tigs.. 5 1 Bigs. 7 Detroit Edison fs. 22 Gult Ol of 1 Hood Rubber 7s... .. 1 Hrdraulic Steel Rs 3 Iuter R T 8s '22.. Libby, McN & 3 Loufsville G & B Maracaito OI "1l Pet 714 ars-Roeh T 1 a0y 003 Tnited 01l Prod 85 1043 cuum 0N Ta ... 107 FOREIGY BONDS. 6 Argentina Ta ‘23... 1003 63 Kzdm Netherlds 5. B 10 T8 of Mexieo 4s.... 887 tes in STANDARD OIL ISSUES 1100 AngloAm 0%...... 17 18% 600 Ang-Am Cor of 8 AT 281 2 200 Atlantlc Tobos.. 5 : Lobos pfd. 18k 570 Galena Signal Oil.% 400 Humble 0 & R new. 38% 10 lilinots Pipe Line . 24 Tmpl Ol of Ca 4200 Intl Pet Co Ltd 100 Ohio Ol new.. 110 Pratrie 0il & G 1100 8 0 308 0 36008 O N T new 3400 Vacuim INDEPENDE! in hundreds BEuaro S £ SRFEE 42 Derbey Ol Ref w i 184 30 Der Oil Re pf w { 40% 1 Equity Pet pfd... 20 Engioeers Pet . 87 Federal Ol . 1illand_Oil en Rock 24 Gulf Oil of Pa 18 Harris Cons Pe 90 Hudson 011 1 Humphrey . 3 Indpt O G.... s 80 Keystone Ranger . 3 Kirby Pet ......... 10 Lance Creek 52 Lafayette Oi 10 Liviogston Pet . Bagss Bz (G 2N e 1= o) ox Panuco . Idwest-Tex O {11 T “FETE SR 820 #F SrE e waLaatauai, 85 1N Y ol e 20 Dmar Ol & Ga 18 Pennock Oi1 ...... 2 Royal Canadian .. BouBaas & EREE Bopa #F % RERFEFL 20 Sou States Ofl.... 180 Texon Ofl & Land 1 Tidal Osage Ofl. 10 Turman Ol 10 West Staten O] &5 Wilcox Ol & G 240 “X™ Ol . 28% a7 12 . 98 L 30 8% Je L INDUSTRIALS. 10 Acme Goal .. % Am Stores 1 Amal Leather 15 Am Chain A w i 6 Am G & B new w i 14 Am Hawalian 8 8., 1 Amal Sug vig cfs.. 8 Ar & Co of Del pfd 2 Ar Const Cv., w f. 2 Anacuet vt T 2 Bassick Alemite 4 Brl-Am Tob Co cou 6 Bkiyn City R R.... 5B R T new A. . 3B R T A new prd. el 2 Cent Ribbon Mills. . 25 Centrlf Iron Pipe 5 ('Mugv Nipple . 7 Ohic Steel Wheel. . P i 3 Govetana Motk o 15 Cox Cash Stores 1 Cudahy 3y Congoieum .ee 4 Cuyamel Fruit .... 30 Dubilier C & Radio 19 Durant Mot . S 1 Durant Mot of Ind. 10 Federal Telegraph. 1 Garland Rteamship. 2 Glllette Safety Raz gmAldp& Coal 2 Goodyear Tire pfd. Hezaen Chamicai 2 Hudson & Man R R 2 Imperial Tobacco . ‘g Irving _Columbia 7s. Inter Contl Rubber 2 Lehigh Power sec. 5 Lib MeN & L new 5 Lupton, F M 1 Lucey Mfg Motor 5 & .21 21 101 18 24! 1 BBz, Heusls., & FOFEF 22505 FEES 8 Mercer P 8 Nat Dept St w i.. 18 Nat Sup Co of Del 1N Y Canners w 1 1N Y Tel Co ptd 4 Onyx Hose . 6 Oselda Corp 10 Peerless Mot 2 Prima_Radio Co. E 3 Pb 8c N J pf uw wi 88 Radio Corp . 33 Radio Corp pfd 7 Repetti Candy 7 Reo Motor . Rosenbaum G hulte Stores heia oy ingfie! dard Motor sa52s ™ 2 r8uwarnn88a £ 2! o 3 ! Supreme ___RINANCIAE, subscribed, both stocks were offered treely, the preferrsd getting down al- most 3 points before the deoline was halted. The common, after opening at 18%, lost more than a point. Unton Carbide continued to react, traders paying no_attention to the report recently made public showing earnings for the year 1922 at the rate of $4.40 & share. against §3.07 in 1821. The new Public Service of New Jersey stock moved forward in sym- pathy with advance in the old shares on the big_board, while Cenlrl(uxnl‘ Cast Iron Pipe was another strong spot, Dealings in the mining group again fatled to come up to recent standards and prices moved narrowly. United Verde Extension again reacted and National Tin sold off somewhat de- spite further advances in tin quota- tions. Independence Lead, however, got up slightly on reports from the property that work on the No. 4 tunnel is progressing rapidly. Ray Hercules was active on reports that an important announcement will be forthcoming after the directors’ meet- ing, that Is to_take place shortly. Durant was ‘traded in around Mon- day's closing quotations. Another Sharp run-up occurred in Peerless Motor, the shares getting up almost 3 points. Tnit Pt 8ha Unit Retail Unfy Leaf Tob Iac. 11 TUtah-Idaho Sug: Wayne Coal Wil Cp 1st pf cf dj Yel Taxi Corp N M Alaska Brit-Colo Am Command Min. . Am Exploration .. Ariz Globe Copper Ariz Ol ... Big Ledge oston Mont % . = RuuEB53.8: Lawerend ¥ ELRE FEEHT Continental ~ines. Con Cop Min te of Cons _Ariz Smelt.. Fortuna Mines. P Nine Mines n Mining.. . Gold Ktate.. Hardshell Minin, Harmill Div. HIIl Top Homestake 2 Howe Sound.. Independence Lead Iron Rioesom....... Kerr Lake Lons 3 Mason V. eNam Mohican Cop . Morlugton Mines National Tin . Nabob (vas New Cornel ; 'w Dominlon Cop. N Y Porcupine .... . Ophir ..... . Florence rior . Richmond Copper Queen Min Corp ver Mines of Am S Kin D M1 reorg Silver Kiog_ Cons tlversmith Mines. Epearhead Gold tewart Mines Success Mines Teck Hughes Temiskaming Tonopah Divide Tonopah Extens . Tono Mont United erde old Ex ity 5 st End Consnl.. West End Ext . hert 3 West Utah % Vietory Div Min.. Yukon Gold _—— INJUNCTION AGAINST 1. C. C. ACKED BY ROAD Railway Seeks to Prevent Enforce- ment of Penalties Under Transportation Act. The Pittsburgh and West Virginia Railway Company and the West Side Belt Railroad Company of Pennsyl vania today filed suit in the District Court for an injunction against the Interstate Commerce Commisston and Harry M. Daugherty. Attorney General. The companie seek to prevent the enforcement of | penalties provided under the trans- portation act of 1820, should they carry out an agreement to consolidate. | The Interstate Commerce Commis- ston has refused to approve the merger and permit the issuance of the necessary securities, and the com- panies say the commission has ex- ceeded its powers in 8o doing, because the section of the transportation act is unconstitutional In that it attempts to regulate not interstate commerce, but corporate rights given under the authority of the states. The court {8 asked to enjoin the commission from refusing its ap- proval of the merger and to prevent the levying of penalties provided by the act. The companlies ask also that the Attorney General be enjoined from arresting any of the officers of the corporations for carrying out the agreement to merge the companies. | The law provides penalties of from | $1,000 to $10,000 and imprisonment | of offending officers from one to three i years Attorney Frank ) for the companies. WALL STREET NOTES. Goodrich Tire Advance on Truck Tires—Tinplate Up. Special Dispatch to The Star. NEW YORK, March 27.—The tire advance announced by the B. F. Good- rich Company 18 effective immediate- ly. The advance is 10 per cent on solld truck tires. Prices_continue to advance on tin plate. The independent market fs around $6. Dellveries are possible with some makers In from six to ecight weeks. Mining companies in Arizona Ine. have advanced wages 10 to 12 pei cent. Approximately 16,000 workmen are affected. Amerlcan Type Foundries Company stockholders will hold & special meet- ing April 25, to vote on an_increase in muthorized capital stock from $7,- 000,000 to $10,000,000. Missourt, Kansas and Texas railroad directors have authorized payment on April 2 of interest for the year end- ing December 31 at the rate of 5 per cent per year on the serles A adjust- ment bonda. New York bank clearings, $328,00 000. New York bank balances, § 000,000. New York Federal Reserve Bank credits, $59,000,000. Boston bank clearings, $65,000,000. WANT DAYLIGHT SAVING. SAN FRANCISCO, March 27 (Spe- clal).—Business concerns here have come to the support of a movement to secure the adoption of daylight saving here, beginning April 29 and lasting unt{i October 38. They point out that many eastern cities are adopting this time schedule, that it offers opportunity for power conserv- ation and has other advantages. The n 10 . Swacker appears | Lo 25 ° WASHINGTON GAS WAS FAIRLY ACTIVE Eased Off to 49 1-2—Rail- way Common, 65 to 66. Other Financial Notes. BY I. A. FLEMING. Business on today's session of thd local exchange was confined largel® to odd lot trading in Washingu® Gas shares. After six or seven tem 8hare lots had been sold at 49% an- other bunch of stock was liquidated In the Bame manner at 49%, the total sales being but 130 shares. One sale 100 khares Railway preferred at represented all the business in tractions. The common shares of the same road wers held at 66, with 65 bid Railway 45 8old at 72 and Potomac General 63 at 100. Tlinota Traction Merger. _Stockholders of the Illinots Trac- tion Company have approved of the merger of the company and its sub- sldiary interests with ~those of the North American Light and Power Company, consolidation to embraos fitty-five publfo utilities in Illinois, Missouri, Kansas and Towa, and will represent a $200,000.000 capitalization Washington is {nterested in this consolidation. Declares 4 Per Cent Dividend. The board of directors of the Wash-« ington Mechanics' Savings Bank has declared a quarterly dividend of ¢ per cent, payable April 2 to shareholders of record March 31 B. & 0. Earnings. For the month of February, 1823, the rallway operating revenus of the Baltimore and Ohio Railroad Compan Wwas 318,692,393, an increase, as com- pared with the same month of 1922, of A Nearly all of this largs in- s made in freight earnings. ing expenses increased $2,885,- 089, 50 that the net increass from op- erations was but $773,632, while de- ductions, tax accruals, rents, etc., re- duced that to $451.053 increase in the net rallway operating income, which totaled $2,552.158 For January and February, the first two months of the calendar year, the gross revenue increased 39,945,931, This was accomplished with an in- grease in operating expenses of $6,- 465, 50 that the net increase from operating was $3,238,466, brought down by deductions $2,53%,422. Net raflway income fo Faiiwey r the two months, Gan Company Earningn. The net earnings of the Washing- ton Gas Company for February total- ed §1 s compared with $80.870 in January. Georgetown Gas Co bany reported a net gain of $7,038 in February, as compared with 36,085 for the same month in 1922, Delays Comminaio: It {3 not probable that the Presi- dent will sign D. R. Crissinger's commission as chairman of the Fed- eral Reserve Board unitl he fills the vacancy as controller that the ad- t would cause. ate did not approve of the nomination, and the latter declinéd a recess appointment. The regular semi-annual spring conference of the Federal Reserve Board and reserve bank governors is on at the Treasury. It is generally belioved that the question ~ of increases in discount rates will be considered. Edmund Platt is presiding. —_—— Washington Stock Exchange SALES. AFTER CALL. Washington Gas Light—10 at 40%. 10 at 9% 10 2t 49%, 10 at49%, 10 at 40K, 10 at 65—$5,000 at 100, ec. 45—§1,000 at 10 at 40%, 10 at 403, 10 ag 40%, 10 at 49%, 10 at ok Ston Twr. & Flee. pfd—100 at 13%. Money—Cail losns, § aud 6 per ceat. BONDS. Bid and Asked P: PUBLIC UTILITY. Rwy. gen. Cons. & Elec. deb. 6s.... Pow. g. m. B ™. & ref. & M. ver. = & Mo ver! ctfs ington Gas 5 hington Gas 7igs. h. Rwy. & Elec. Rwy. & Blec. g. MISCELLAN: €. Paper Mfg. 6a.. gxs Realty 5s (long). tiggs Realty Bs_(short) Storage & Safo Dep. 85 Mkt. Cold Storage 5 ardman Park Hotel STOCKS. PUBLIC UTILITY American Tel. & Telga... Washington_Gas.., Norfolk & Wash. Steamboat Wash, Rwy. & Elec. com.. Wash. Rwy. & Elec. ptd Terminal Taxi com. Terminal Taxi pfd NATIONAL BANK Capltal . umbis ! Comme: Diatrict Farmers Federal-American Liberte Lincoln . Siavi National Metropoiitan! RIGES .oooneee Second " Natlonal Bank of Washington.. TRUST COMPANY. American Security and Tru Contlnental Tru 2 Merchants Ban| National Bavings & Trust fon Trust....... z Wash. Loan & Trust...... 00110 SAVINGS BANK Commerce and Saving . East Washington. - Security Savings and Com.. Seventh _Btreel 5 TUnited States.. Washington Mechanics FIRE INSURANCE, American Corcoran Firemen's National Unfon.. TITLE INSURANCE. Columbia Title.. Real Estate Title. MISCELLANEOUS. Columbia Graphophone com. Columbia_ Graphophone pfa. Merchants' Transter & Storage. Mergenthaler Linotype..........": 01a Dutch Market com.. 0ld Dutch Market pfd. Lanston Monotype. Becurity Storage. ahiogton Yellow Cab. *Ex-dividend. e PLAN INDUSTRIAL COURT. HARRISBURG, Pa, March 27.—A court of industrial relations s pro- vided for in a bill introduced in the house of representatives today by resolution sanctioning its adoption now is awalting action by the board of supervisors. ANOTHER PAY ADVANCE. SYDNEY, Nova Scotia, March 27.— The British Empire Steel Corpora- tion today announced a 10 per oent wage increase for workers in the local plant. Representative Parkinson of Waynes- burg. The court would have three julges and have Jjurisdiction over mining industries and those engaged in the manufacture or transportation of clothing or ' food products or articles entering into their manufac- ture. Industries not specifically pro- vided for would be permitted to sub- mit by mutual agreement contro- versies arising between, employers and workers,