Evening Star Newspaper, March 29, 1923, Page 27

FINANCIAL. WILL TRY DISTRICT HANDBOOK CASES Assistant U. §. Attorney Hart to Have Charge of Prose- cutions. THE EVENING STAR, WASHINGTON, D. C, THURSDAY, MARCH 29, 1923. "NEW Yor curB MARKET | [EXCHANGE PROBING “PUTS AND CALLS” Outside Brokers Much Wor- ried Over Probable Action in Wall Street. 2 j From the 6:30 Edition of Yesterday's Star. BAN ON REQUESTS FORHEDGES LIFTED Placing of Fences Around Maj. Peyton Gordon, United States . . 01 < District of )l Public Parking Also t0 Be | nes acridea to cioan up ohe. st Settled on Merits. FISHING BAN IN FORCE. Tight Men Fined for Violating Four-Day Law. GEORGETOWN, §. C. March 29. Fishermen secking Baltimore's break- fast shad faced the situation of let their prey only four 3 t the mouths of South arolina’s coastal streams. Bight shad fishermen were fined $200 each and sen- tenced to serve six months in the state renitentiary for fishing between sunset Saturday and sunrise Wednesday, dur- i'& the term of circult court here this ack. After scntencing the men, & number hom had been employed by HBalti- concerns, the court suspended the on sentences and $175 each of the 5 on condition that the law would be bserved hereafter. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY NEW ORLEANS, March 29.— The rice millers of the south have dis- posed of most of their stocks and today are beginning to buy from the farmers’ co-operative assoclations, which control virtually all the rough rice in Louisiana. Market conditions are Improving an HOUSTON, March 29.—Adva potato p: in the T kets has resulted 'n vance in jobbers’' price crops In east Texas wei aged by the recent free: ONLY LIGHT TRADE ONLOGAL MARKET |Lanston Shares Easier.! Bond Prices Relatively Steady. | | | BY WILLIAM F. HEFFERNAN. NEW YORK, March 20.—In spite of the liquidation which made itself felt At intervals during today’s curb trad- ing, ceftain stocks were again bid up Vigorously for reasons pertaining to the situation within the companies concérned. Schulte Retall Stores attracted a 800d deal of attengion, and was bid up to a new high record, mearly 5 points above the previous ciose trading and price changes here were irregular. Carib Syndicate was a fea- ture, getting up to its previous high for the year in response to. rumors of important developments in con- nection with the Colon Development Company, in which Carib has substan- tlal holdings. New York Oil centinued to react and at one time was off two points from Wednesday's high. Standard of Indiana, the active leader of the Standard Olls, and Standard of New York were inclined lower. Yollow Taxi was another strong foature, getting up § points to 150. while Durant and_Cleveland motors were neglected, The new issue of Douglas Pectin Corporation was al- mitted to trading, opening at 18 and fluctuating within a balf point's ra-| dlus. The company recently offered 60,000 shares of no par value com- | mon stock at $12.50, per share ! As the day went on trading became dull, with price fluctuations in most issues fractional. lated hand-book cases in the United States ranch of Police Court. Yesterday he assigned Assistant District Attorney David A. Hart of the Criminal Court Btaff to prosecute these cases in Police Court. Judge McMahon, the presiding judge of the court, when informed of the de- termination 'of the United States at- torney to take up these cases, assigned Wednesday of each wetek for the hear- ing of the same until the docket is cleared of these complaints. in primary mar- a_ 25-cent a here. Potato re badly dam- ze. . There Was nothing new to account for the continued upward movement in these shares except that it was officially stated today that at the coming di- rectors’ meeting a proposal to dis- tribute a substantial dividend on the common stock is almost certain to be approved Increase in gadoline prices an- vounced by Standard of New Jersey was not taken serlously in the oil BY L A. FLEMING, Trading on .the local more limited than market being in a {prices on the stocks that arc in daily more or less fixed. Tomorrow will be a holiday in se- curitics, grains and cotton. Practically the only change in NEW YORK, March 29.—Probability that the New York Stock EXChange| The order prohibiting the iosuance soon will announce new regulations |of any more permits for hedges or governing dealings in “puts and calls” | fences around public parking in is causing considerable concern. to|front of private residences has been outside brokers who speclalize in |modified. this form of speculation. Permit Clerk Woodward has been Reports that the exchange officials | Instructed to notify all applicants were consldering the subject were |for hedges or fences to put their re- = $500,000 BEACH FIRE. March Nantasket of desolation to- exchange was usual, the whole walting mood, with CHICAGO, March 29—, traded products are in strong Wwith prices showing an upward ten- dency. Hams are having the strong- est inquiry, but the east is a strong buyer of fresh meats. Chain stores are selling eggs 2 cents a dozen. acking house demand today, ¥ HULL, Mass., ch day. was @ scene and soldiers guarded #lie smoking embers of Paragon Park, prices’ today was a drop of a point Tamous amusement resort, and forty | 1M Lanston Monotype on a sale of but ¢ more cottages, which were burned |ten shares. Dividend was paid for the Ruring the night The loas was esti- {lnst quarter of the fiscal year a2 wated at more than $300,000, : 9 : : Dozens of cottages along the beach |short time and fresh buying will not start untii some facts concern- a k Into the interior of th town had the appearance of mintature ling the returns of the business for the year arc made known, or the time 4ce palaces, duc to the efforts of fre- en to save them b, deluges of s % ® for another dividend payment ap- prouches. poured on in a freezing tem- perature, The fire was fought in a @011 northwest gale which drove the s inland. started in the Palm Garden | n Park, where workmen | busy yesterday preparing summer. From the high ster of the park sparks were wn by the gale to the other struc- the hotels at the beach ix wvailable, but in ce from his office ess it is unattain- news Dove's abse . count of sic able. Capital Inely at 945, and Trust e the bid 6 ction nd stock at unimport only sales of price of Rallw but the asking “duced fractionally. iy per cent not honds, 94%, and G of the I 100 Holiday in w, Good ¥r will be w in ail markets and exchanges. cotton und grain exchanges closed. Boston Nanks Merge. ourth Atlantic National Bank of Boston and the Commonwealth Trust mpany will hortly merg under the title of the Fourth Atlantic- Commonwealth National Bank. It will have $4,500,000 capital and surplus, {and undivided profits of $3,850,000. Addition to Library. Received fhrough the Kindness of E. Hibbs & Co. o copy of the Manual of Securitics for 1923, on .}uf the most useful reference books, {Indispensible to one interested in W | financial and security matters = nfirm Good Business. ! The Credit Clearing House Associa- [ ] xtock sold spar- American Security )6 cash. transuctions stock made. common auotation Al was was T 1s " 7o PALAISROVAL * 11th and G Sts.—A. Lisner, Pres. 102; 5 per Mort Slectric s will be L} |tion confirms all reports regarding | the satisfactory céurse of business, nd this is further borne cut by the steady increase in “bunk clearings. Yesterday New York clearings in- $20.000.000, Chicago $18.000, caring House reports >f 2.3 per cent in purchas- the middle agricultural active, renewed buying in southern states, east much more active except a drag In Pennsylvania and West Virginia, where' the results of the coal strikes are still noticed Bank |, Federa reserve member bank loans for the week ended March 14 show $3.711,000.000 loans sccured by stocks and bonds and $7,742.000,000 made to commereial borrowers. So far this year loans to commer- cial borrowers have increased than $400.000.000, while collateral loans are practic $200.000,000 un- der those of January 3, 192 It is belleved that there will be a larger demand for funds during the next three months with the season- able activity in general business. el 'Washington Stock Exchange LLS. S —$1.000 an increase fing. with states very the | ouns. Easter Blouses Jacquette, Overblouses and Tailored Styles. $8.95 and $12.95 Three - quarter and long sleeves. Pretty collar effects. Mate- rials are Roshanara Crepe, Alltyme Crepe and Crepe de Chine; solid or fancy designs. Various trimmings. Colors are rose, wood, buff, almond green, navy, in a large assort- ment of sizes. Blouses, $5.00 The assortment in- cludes the latest styles and colors, also Orien- tal color \t $5.00. Sweaters, $2.95 Sports styles. All- wool, light or medium weight, fancy or plain weaves. Harding blue, buff, brown, white and jade. Al sizes. At 2.95. Palais Royal—Third Floor. [ n Washingion ¢ ml bl Washington ¢ $500 at 103, Potomuc Flec Us—§3,000 at 100, 000 At 100, Lanston Monotype—10 at 75. AFTER CALL. Capital Traction—3 American Security and (cash). at 945, 3500 9955, Trust Co.—3 at 306 BONDS. Bid and Asked Prices. PUBLIC UTILITY. Bid. & Telga, ngs D. C. Paper Mfg. 6s.... Riggs Realt. ) Tiggs Realt E Bec. Storage & Safe Dep. 6 Wash. Mkt. Cold Storage b Wardinan Park Hotel 6s. STOCKS. 1 PUBLIC. UTILITY. American Tel. & Telga W Capital Traction.. Washington Gus... .. .. ] B | Norfolk & Wash. Kteamboat | Wash. Rwy. & Etee. com. wasn: & Fiee ptd | . Termial Taxi pfd... NATIONAL BANK. District ... Farmers & Me Federal-Amer Liberty Lincoln ..o 0.0 National Metropoiitan. Riges : Second 2 <150 National Bank of Washingtoo.. 200 TRUST COMPANY, American Security and Trust. { Continental - Trust. Merchants Baok. National ‘Savings Union Tru Warh. Loas i e BAVINGS BANK. | Commerce aud_Saving { Eust Washiogton. Recurity Bavings and Com n u L B L] L] - = = [ ] = a L} L} L] n L - L} L} L} L} L} a o o B L] L] L] ] - L] - - L] L] - LJ L] - = ] L] - - L} [ ] a L] L] L] L] ] | - B a " L] e eete American Coreoran Firemen's National Union. TITLE INSURANCE. Columbla Title. = McCall Printed Pattern 3123 | MISCELLANEOUS, Columbis Graphophoue com. Merchants' Transfer & Sto; Merg ler Linotype. 0ld Dutcis Market com. 0ld Dutch Market pfd. Lazston 3onotype.. Sacurity Storage Washington Market. Yellow “Cab...... *Ex-dividend. —_— FURTHER WAGE BOOSTS. SALEM, Mass, March 29.—The Naumkeag Steam Cotton Company to- day announced an advance in wages of approximately 123 per cent, effec. tive April 2, for the 2,000 operatives in its mills here and at Feabody. HENDERSON, §. C., March 29.—Four cotton mills of the Henderson & Har- riet chain today announced wage in- B | creases of 15 per cent, effective April m |3, Two thousand employes will be at- fected. LI I Gases from some of the springs in B | France contain as high as 10 per cent HEENEENEEERBERE®R by volume of hellum. s A VARIATION of the Jow waistline that is of Spanish influence is this tightly fitting yoke. It suggests the swathing shawls of Andalusia—a suggestion which the rather full skirt carries out. The large bow bal- anced on one hip is also new this season. lade from McCall Printed Pattern 3123, 45c¢. _————— Basement Store. OzasnuusEnEemfsw A 312,000,000 and Boston i less | NEW YORK. March 29.—Following 18 an official list of bonds and stocks traded in on the New York Curb Market today: - BGNDS. High ax T 100 01y Low. 2:45 o 75 o 8 1y 1008 102 1081 1 Allied Packers 6x.. Al kers ~n 3 Alom 7x new ‘33 Am Cot 0N 6x ... Am Roll Mills i Am T & T 6x 24 Aundeonda 6s Anaconda Tu 29 Anglo Am 0Nl A& Co ot Del Teaverhonrd M Teth Steel 7 onton & Matue Cent Steel »n Charcoal Co A Re Citiex Service T D. Cons Gan Baito s A 101 Cons Textlies Ss. . 101 Deere & (o Tt Detroir Cit Duntop T isher Bdy s ir. Robt. 7x . alenn Nignal 01 Trink Glys.. 108 K ey 10085 Z 102 o108 Tigu 10 s i ‘ X 7. 11l Con Rfg w. Cop Ty 2 Sun Ol 7x Swift & Co in Taited 0Il Prod 4 Un Ry of Hav 71y 6 Vacuum Of 7x ¥ eut Italian Con e Kink of Nether Mexican Govt 6x Republic of Peru 85 Swiss Govt 5 S of Mexi BONDN 100 Anglo-Am il Atiantic I Borne Herymser. Creseent T, . lena Signal Ol Humble 0 & R new Ntinois T G 30 Prairie 01 S0 Ind . 8 0 Kansas new § O Kentycky S0 N Y few Vacuum Oil ne Washington Sales INDEPENDENT OIL STOCKS. { in hundreds. 1 Ark Nat Gas 30 g indian 0il 3 Rrit-Con Oil Fields. 00 Carib Syod . Cit Serv .. 10 Cit Serv nfd B Cit Serv 1 I‘nzhn-r.r- Pot ederal Ol Lilana oif Harris Cons Pete... Hudson 011 Indpt 0 & G, 3 Kevstone Hanger. Kirby Pet..... Latayette Oil Liviugstone 0il... Livingston Pet.. Marland ... Maracaibo Mex Pa Midwest rod...... 1 0i Vot etk 0l & o1l i Omar 0l & Gl sver O oil Tiank Con Ck b pa_Refin « Rtyan Salt Sapul Bouthern P& Sou States Oil Texon Oil & Land Tidal Osage OIl.. 247y A7 41 220 Wileox 0il & G Y oon . e NDUSTRIALS Amal Leather .... 17 2 Am Cot Fabric pfd 101 Am G & E new w i 3814 Am Drug .. 18, Am Hawaiian . 24 Am L & Trac . 130 Ar & Co of Del pfd 904 04 Arpold Con Co w | 181 16 Atlantic Fruit 2y ot _Budds Buds . i Centrifugal In Pipe, 143 Chicago Nipple 35, Clevelund Motor ... 281y Chécker (ab A. o8 Columbia Carb vt of 47 Cox Cash Stores . 415 Curtise Aeeo 5 Cayamel Frait 111D ey DL & W Coal -0 Douglas Perfection 131 Dubilier ¢ & Radio Durant Motor rland Steam; Goodyear Tire Hanna M A 7 pepf Heyden Chem Hydrox Corp ..... Tmp Tob (da ... Industrisl Fiber Inland Steel ..-..... Inter Contl Hubber Lehigh Power sec. Lupton, F M Mercer Motor Nat Bupply Co N Canners w | N Y Tele Co pfc Onyx Hose Penn C & C Prima_Radio C PSNJIpfnwi Radio Corp .... Radio_Corp pfd Reo Motor . Rowenb Grain Schulte Btores S0 C &1 ... Springfield Body Stutz Motor Bwift & Co . Techaical Prod Timken Axle Triangle Film . Un I Shar Un Retail Candy. ys Corp Tnt i Yel Taxi Corp M MINING. Brit-Colo M e L £ V& BFERERE S B2k 20 Butte Western 5 Calaveras Copper 10 Culedonia Min .. Calumet & Jerom Canario_Copper Candelaria Min Columbia Emeral 3 Chino Continental i S Con Cop Min tem cf Cortez. Silver £ Cracker Jack Min. Creason_Gold ... Crown Reserve . Divide Extension Dolores Esper 71 Dryden Gold ... 10 EI Salvador ... 10 Emma Silver .. 110 Eureka 5 2023 R oo * 3 n??;, 1 | { | | i | statements from him, plans to tender | i % | 320 50 30 13 20 0 Fortuna Mines ... Goldfield Deep Mine Goldfield Florence Gold Coin Mining Gold State . Hardshell Min Hill Top Ne extike Hecla Mine . Howe Sound Independence Jerome Devel Kewanas Minlug Lone Star au. .. 120 1 30 10 10 0 3 Lead. Ohio Co 7 Hercules ine. Hill Floren Warrior Silver Mines of Ril Kin Di i v Silver Pick Silversmith Mines Shmon N1 2 %o Am G ors Minexs Hug! emiskun ng Mines b Tioy Divide 15 Tnitea Eastern T nite Tn 1 1 Gold End Consol.. d Ext . Lorrain Silv 20 Victory Divide Min 18 Yukon Alas tr cfs 1 Yukon Gold NEW PIGGLY WIGGLY STOCK SALE SOON Saunders to Offer Another Block to Pablic Through News- paper Campaign. 0 Wett star. Tenn., March 20.—Clar- prestdent of Piggly Inc., whose re New York Stock in u break with the nation of fis stoc and spirited Special Dispateh MEMPHIS, Saunders, st ence Wiggly fling on change resulted s, ent the ange. the elim the board” excl from “big stock of his * through a news- another block of con- cern “to the public’ paper campalgn. \ders announced today Dl for the stock disposal campaign mow are being worked out and likely suld be launched within a week or stock-selling drive vidual t previous ‘direct to iy unders announc Shares were at $55 a share figures que for the stock CIRCUS WAGON FIGURES TO LURE THE PIOUS ‘Wood Carter Worked Out the Idea to Take Stigma. From «“Big Top.” at the 57,000 pon ) 5.200 investors considerably under th 1 the stock exchange From the New York Su “Until the the death of James ( ville. N, I, at the age of nine four, said a circus man who has just peep- ed out of winter quarters r.]~ his first llmpse of spring, “probably no one B Tever given " thought fo the question of why a eircus wagon has been ornamented with wooden figures. “Mr. Campbell was responsible for the idea. He was a noted wood car- ver, having made & specialty of wooden Indlans. He made the fig- ures that embellished the cages and wagons for Barnum, Dan Rice, Hut- chinson, Mayberry, Forepaugh, Rob- inson, Doris, Puliman, Hamilton and all the other pioneers of the road show. He had the contract for fig- ures which go on the cages and band ‘chariots and floats of the Barnum show under the management of the Ringlings today, though he pers ally had got top old to work with the chisel and lath: aborated Barnum's Idea. “He himself told of Mr. Barnum's first order. The story runs that the old showman had heard of the skill of the New Jerkey wood carver and de- clded to have him design something new for the wagons which were to form so attractive a lure in the street parade. He went to see Mr. Camp- bell and outlined the fdea—the eflgy of an Indian, for instance, or the he- roic figure of a knight going into battle, or a king in his flowing robes. “The wood carver grasped the idea at once and improved It. He knew that the circus was eyed askance by many serious-minded men and wom en in those days. Some even went s6 far as to hold it to be a sinful and immoral institution with its grinning clowns and painted ladies in their short skirts of gauze. Draped Solemn-faced Men. “So Mr. Campbell suggested to Mr. Barnum draped figures of solemn- faced men who carried books and serolls in their han@s. He contrived to impart to his handiwork an eccle- siastical note very cleverly. Looking at one of his figures oge wasn't quite sure that he wasn't viewing the fig- ure of one of the twelve apostles or one of the various saints. “Still there was nothing left for the most exacting critic to find fault with in point of irreverence. The images were never labeled and if there wi something in the pose to suggest the read recently of mpbell in Bell accepted likeness of some holy man the pose was 8o softened or so ex-| aggerated as to obvlate all suspicion of intent. Won Particular People. “How well the expedient worked speaks for itself, since the circus as a business enterprise has grown to the dimensions. we know today. Undoubt- edly old James Campbell's timber statues with their sanctified robes and religious postures eased the con- science of many a straight-laced par- ept of olden times, causing him to feel that there couldn’t be anything de- moralizing about a show whose wag- on ornaments gavé one the impres- slon of gazing at a tableau depicting the lives of the early Christian mar- tyrs. y“’l‘he circus is an institution of many traditions. One of the most en- duting is that its wagons shall be beautified with gilt figures of gloomy old birds with long whiskers, priestly robes and a scroll, presumably a parchment, placed in their hands.” —_— The first successful experiments to raise reindeer in a temperate climate are being made in Michigan. Ex- that | investors” | confirmed recently when Secretary E. V. D. Cox sent a letter to exchange members seeking information as to their practice In deallng in “puts and calls” Later it became known that the stock exchange 18 engaged in a revision of its constitution and that it was undecided as to what form the new regulations on “puts and alls” should take. Businehs Fifty Years Old. The “put-and-call” business has been a recognized one in the financial district for more than half a century, and paper of this sort, usually in- dorsed by a member of the New York Stock Exchange, has been in daily traffioc between outside brokers and customers who specialize in “puts and calls.” A “put” s written privilege which one person buys from another to “de- liver” to a seller a specified amount of stock within a certain time at a specl- fied price. A “call” is the right to de- mand from another a certain amount of stock at a certain price within a specified period. Some Noted Operators. Russell Sage and other noted finan- clers were active in business many years ago, and one of the best_known of recent dealers in g calls” chwab. brother was the late Joseph of Charles M. Schwab, chairman of the board of the Bethichem Steel Cor- poration. Activity in the privileges has fallen off since Mr. Schwab's death, and one of the complaints di- rected against the business recently was that the prices were prohibitive, and, therefore, not representative. t is thought probable that the stock exchange, in its revised constitution, may prohthit members from dealing in “puts and cal with member house: Some annowncement n the subject is expected at an early diate /CRUDE Q1L ouTPUT GAINS DUR Increase of 39.450 Barrels Is Re- : ported—Imports at U. S. | Ports Drop. i 1 i | i -2 | Br the Aasoviatea Pro { NEW YORK, March —The laverage gross crude oil production of { the United States increased 39,450 iharn Is for the week ended March 24, totaling 1.846.000 barrels, us compared { with 1,507,150 for the preceding week. ;‘hrrurnllug to the weekly summary of {the American Petroleum Institute. The daily average production east of lthe flocky mountains was 1,181,600 burrels, ured with 1,177.150, jan increase of 4,450. California pro- waus 665,000 Larrels."as com- with 630,000, an increase of daily us uction i | According to figures collected fthe institute, the Imports of petro- leum (crude 'and refined olls) at the principal United States ports for the week ended March 24 (otaled 1,450,- 000 barrels, a daily average of 207.- 143, compared with 2.160,000, a daily average of 308,572 barrels for the week ended March 17. Receipts of California oil and refined ofls) at the prineip lantic coast and gulf coast ports for the week ended March 24 1.010.000 barrels, a daily average 114,286, compared with 6X0,000, a duil average of 97,135 barrels for the wee ended March 17 BIG STOCK INCREASE. Bethlehem Steel Announces New Issue of Capital. TRENTON. N. J. March 29.—The Bethlehem Steel Corporation has in- creased its capital stock from $283,- 000,000 to $404,500,000. The new issne is divided into 4,045,000 shares, consisting of 400,000 shares of 8 per per cent cumulative preferred stock, & lative preferred and 345,000 shares ot common stock of class B. The cer- tificate stated that 345,000 shares of 7 per cent cumulative preferred stock will be reserved and set aside in ex- change for 8 per cent cumulative con- vertible preferred stock. CHESAPEAKE AND OHI10 ORDERS 2,000 COAL CARS RICHMOND, Va. March 29.—An- nouncement Is made here that the Chesapeake and Ohio railroad has placed orders for 2,000 seventy-ton coal cars. The company is also pre- paring to enlarge the yards in Ful- ton, east of this city, and will bulld thirteen side tracks of at least a mile each between this city and Newport News to handle the increasing coal shipments and keep the tracks open for fast freight and passenger trains. The rolling stock of the company is in good shape. Including the last order $§20.000,000 has been spent in the last year. TODAY'S COTTON PRICES. NEW YORK, March 29.—The cotton market opened steady at an advance of 10 to 20 points on the reports of wage advances in New England cot- ton mills and unfavorable weather map and covering for over the three days’ adjournment. There were re- ports of a better spot demand in the southwest. Cotton futures opened steady. May, 29.01; July, 28.16; Octo- ;ar.szfill; December, 24.72; January, 4.46. NEW ORLEANS, March 29.—Cotton opened steady. March, 28.45; July, 28.03; October, 24.67; December, 24.23] January, 24.10 asked. NEW YORK, March 29.—Bids, at 1145 a.m.: May, 28.70; July, 28.93; Oc- tober, 25.18; December,. 24.63 ary, 24.40% 'Steady. NEW ORLEANS, March 29.—Noon blds: May, 28.60; July, 27.69; October, 24.57; December, 24.18; January, 23.98. Steady. RAW SUGAR MARKET. NEW YORK, March 29.—The raw sugar market was steady and un- changed early today at 51 cents for Cubans, cost and tr:_l'fhl. equal to 7.28 for centrifugal. he' raw sugar futures market was quiet and prices were irregular, with business mostly of an evening-up character for over the three-day adjournment. The opening was b to 8 points lower un- der scattered liquidation, prompted by the continued light inquiry for refined suger, but shorts covered/and together with a little scattered trade buying brought about a rally and at midday prices were back to within '2 oo'i. points of yesterday's closing ey i o L R | othet than ! NG WeEK by | totaled | of | 76,000 shares of 7 per cent non-cumu- | | quests in writing so that each case may be considered on its merits, Clifford Lanham, superintendent of trees and parkings, will consider | each case separately, and, if he d!emni it in the public interest, will approve ! the application. Before ¥Engineer Commissioner Keller stopped the is- suance of permits ten days ago there | were no restrictions, other than those fixed in the police regulations, Citizens Notified. Modification of the original order came to light yesterday afternoon In a letter addressed to Thomas J. Don- ovan, president of the Central Cit- izens Assoclation, by Daniel E. Garges, secretary to the board of Commissioners. The letter to Mr. Donovan in part follows: Section 1, article xxiil, of the po- lice regulations, provides that the owner or occupant of property in the District of Columbia, in front of which there is a pub'te parking, may inclose the parking with fences of ap- proved pattern or with hedges, after obtaining a permit therefor from the ipermit clerk of the engineer depart- {ment, for which a fee of $1 for each house or lot is charged. Cases Pat on Merits. “In giving consideration to the ap- pearance of the parkings along the Various streets and avenues of the District, it was thought that perhaps | the general appearance might be im- proved if the parkings were not in- closed. The Engineer Commissioner gave instructions to the permit clerk of the engineer department not to issue any permits for parking fences or hedies while the matter was under consideration. In carryipg out these instructions the permit élerk has de- clined to issue certain permits, and Since then there have been varfous ex- pressions of approval and disapproval of the idea of refusing permits to in- <l » such publie parking. The permit clerk has since been in- structed to notify the applicant for @ fence or hedge to put his application in writing, and it is referred to the super- Intendent of trees and parkings for con- sideration. Where it is deemed that the Construction of @ fence or hedge in- closing public parking would be to the { public interest, looking at the matter its larger aspect, permission is granted ; otherwise the permit is not issued Each se, therefore, is han- | died on its merits, under the provisions iar the police regulations above referred to 'INCREASES TROLLEY TRANSFER PRIVILEGE| TUtilities Commission Extends Ex- changes at Points in Northwest. jin The Public Utilittes Commission {vesterday afternoon issued an order in- | creasing transfer privileges between | the two street railway compunies in | {the northwest section of the city. The order is in the form of an amend- ment to the permit under which the Washington Railway and Electric!| !Company operates motor buses onj {Park road and reads as follows: i {__“That the Washington Railway and tric Company shall sll inter-| company transfers, good for passage ! lon northbound cars of the Capita Traction Company at 18th and C |Jumbia road, to passengers present- {ing the said transters from the Park "road bus line to the Mount Pleasant i Ime of the sald Washington Railway and_Electric Company “That the Washington Railway and Elec Company shall sell nt transfers to Park Road bus line to passengers presenting inter- Smpany transters from south-bound Capital Traction cars at 15th street and Columbia road to _the Mount Ploasant line of the Washington Railway and Electric Company. The Srder is effective April 1 William McK. Clayton, actl attorney for residents of R: Highlands ,today wrote the Public Utilities Commission requesting that if the Last Washington Helights Railroad Company i» given permi slon to substitute busses for street cars on the Pennsylvania avenue bridge southeast, that no charge be made for transfers between the Cap- ital Traction Company and the ' busses of the other company. He also requested a hearing. ————— NAMED ORDNANCE AID. Col. its i | S Ruggles Given Recess Ap- pointment by Weeks. Secretary Weeks has given a re- cess appointment to Col. Colden L'H. Ruggles, under which he be- comes assistant to the chief of ord- nance in the grade of brixadier gen- eral. Gen. Ruggles constructed and commanded the Aberdeen, Md., prov- ing ground during the war, and was awardca a distinguished segvice , wedal for that work. { LAKE TRAFFIC HEAVY. Special Dispatch to The Star. MUSKEGON, Mich., March 29.— Five boats are now operating between this port and Milwaukee and Chicago and the Goodrich Transit Company will add a new boat to that run be- capse of the increase in frelght of- fered. It is also reported the Crosby | Transportation Company may add an ocean-going vessel to its fleet. Boats are carrving Nash cars from Kenosha to Muskegon and on the return trip are bandling automob@es bullt in Flint and Detroit for distribution in 1llinois and: Wisconsin. BAR SILVER QUOTATIONS. LONDON, March 29.—Bar silver, 32% per cent per ounce. Money, per_cent. Discount rates: Short bills, | 115-18 per cent; three-month bills, 2 per cent. NEW YORK, March 29.—Foreign bar silver, 683%." Mexican dollars, 52%. — TREASUKRY CERTIFICATES. (Quotations furnished by Redmond & Co.) - N0OD, s Bid. Offer. ! Rate—Maturity 8%s June 15 1928......., t % Marcn 15 1025. s June 15, 1925. . & December 15, 1035, March 15, 1926 September 15, 182 s December 10, 107, Noah and the Mules. From Everybody's Magasine. It was a hot day on the border. The regiment had been ordered to move, and for more than an hour a soldier had tried to get his mule into a box car. The chaplain came along and began to laugh at the soldier's discomfiture. The poor soldier turned as he wiped his perspiring brow and sald: “Chaplain, how did Noah ever get two of these things Int the ark?™ 5 51 4 4 4 b 4 Mr. Hart said the reason these cases had not been tried before was due to the fact of the heavy accumulation of cases against defendants charged with violation of the prohibition law. Just how many of these cases there are ran- not be determined until Mr. Hart has the opportunity of going through the files. Some of the cases on the docket run back to two or three years. GUI-LTY IN SHOOTING CASE Mental Condition of A. E. Selser ‘Will Be Studied. “I don’'t think so. I may have" sald Alvey C. Selser, thirty-flve year: old, when asked yesterday on the wit- ness stand, efore Justice Balley, in Criminal Division 2, if he had shot at Edward Smith, May 10 last. The jury found that he did. He was remanded for sentence. Dr. D. Percy Hickling will be asked to inquire into the mental condition of the prisoner. Selser presented an unkempt appearance, and when asked why he had not let the jail barber fix him up, declared he had been “nicked” once by the barber and he would not trust him any more. PROBATION REVOKED. Prisoner Who Escaped, Must Now Serve Three Years. Justice Balley in Criminal Division 2 yesterday revoked the probation of Ralph S. Lambath, twenty-one years | old, who nade a’futlle attempt to Tuesday from Deputy Mar- Weaver by throwing his over- at over the hend of the officer. Lambath had been convicted last December and was sentenced to erve three years in the penitentiary. The court gave him another chance by placing him on_probation, Lambath Kot into other trouble. will now have to years. LIVERPOOL COTTON. LIVERPOOL, March 29.—Cotton— Spot quiet; prices er. Good mid- dling, 15.0 ully middling, 14.90 middling, 14.80; low middling, 14.55 good ordinary, 14.05; ordinary, 13.75. Sales, 7.000 ~bales, including 2,400 American. Receipts, 19.000 bales, in- cluding 11,600 American. Futures closed easy. April, 14.49; May, 14.56 14.42; October, 13.57; January. Noon official closing: March, 14.50 valu but serve the three He | _FARGO, D.. March Equity Co-operative pany "has been sold to the Fargo Packing Company, newly incorpo- rated, which wiil distribute the prod- ucts of the plant through a system of retall stores in the east and mid- dle west. BOSTON, March 2! ment stores reported run of Easter trade and sales are well al geason. PORTLAND, Ore., March 29.—Flor- i8ts report a _tremendous business throughout the northwest this week. The volume of & florists | hero said today, was 25 per cent in excess of that of last year, although re- ceipts are about the same, as prices |have declined. Carnations now are imelling at $1.50 a dozen, as against $2 {1ast year. | PHILADELPHIA, March 29.— The worsted yarn market here is very firm |today and business is being placed icontinually, although not in large ilots. Carpet varns are in good de- mand and spinners of these yarns are running their plants at capacity. YONKERS, N. Y 20.—The 29. — The Packing Com- v —Local depart- today that the has been heav d of the 1922 Y., March Wearing Hat Munufacturing Company reported that sales fof the last three months showed gaing of about 35 per {cent. as compared with the first quar- ter of fast year. YAKIMA, Wash., March 29.—Wash- inglon wool growers will recelve ap- proximately $1,750,000 for their clip: according to estimates of growers. {Shearing has already started and the ibulk of this wool, estimated at 4,500,- 1000 pounds, will move east by water i because of the recent increase in rail rates. DETROIT, March 29—The new tem of cellecting ore dust at the Ford Motor Company blast furnaces, which formedly was lost, has proved so ef- fective that the company is erecting a $200,000 plant adjoining the fur- naces, where the sintering operations will be carried on SPRINGFIELD, 11, March 29.— Mines throughout the lliinois flelde re closing because of falling off in demands for coal throughout middle west_territory, but producers said to- day that fine coal probably would ad- vance. due to scarcity on account of curtailed production i NEW YORK EGG PRICES. | NEW YORK, March 20—Eggs. | steady; receipts, 65,919 cases. State land _nearby hennery browns, extra 33: Pacific_coast. whites, first to ex- tra_firsts, 33438 i Cheese, “unsettied; ! receipts 924 pounds 239, DON'T SPECULATE—BUY FOR SAFETY OW seldom can you pick up a news- paper nowadays without reading that_somebody else has been fleeced of his life’s vestment savings through a_ wi'deat “in- " scheme. Tempted by the prom- isc of unreasonably large returns, a man too often parts with his money, only to find that both principal and inter quickly vanish. ¢ iy Over a Look to Quarter of a Century Without the best your better? Invest a Loss B. Main 2100. Be satisfied with a reasonable return. better to be safe tHan sorry.” the safety of your principal first. If informed financiers stick closely to prime_ securities, how can you, with limited information, expect to do in our 6).%¢ FIRST MORTGAGES— they are absolutely safe. F. SAUL CO. 1412 Eye St. N.W. NO LOSS TO ANY INVESTOR IN 50 YEARS How Much Will You Have 10 Years from Now? TEN Years from now—in March, 1933—how much money will you have accumulated investing? Ifyou use our Investment Savings for buying First Mortgag through saving and Plan e Bonds, and invest $50 each month— You Will Have $8,304.79 10 Years from Now. Call, phone Main 6464 or write for our new booklet, “How to Build an Independent Income,” showing how much you will accumulate by putting aside $10 or more each month under our Investment Savings Plan. ke F.H.SMITH.CO. \Sounded 1873 FIRST MORTGAGE INVESTMENTS 1414-1416 EYE STREET, N. W.