Evening Star Newspaper, April 30, 1923, Page 27

THE EVENING STAR, WASHINGTON, D. . MONDAY, APRIL 30, 1923. i FINANCIAL e e e e s e b — ; | - ‘ et iat e proptne o e o] s aomene, o, 20 ots o [AGTIVITY IN INDUSTRY _[movemns ' Eymgpeninst oz | SUGAR BEET DRIVE. | $1,000,000 FOR CHANNEL. national campaign in favor o - L. i h Tast i ghuis > S soles and heels, as against those of | tinues far heavier than the demand trafic surpassed anything since lasi : ! - PRUDUB"[]N BUUM COMMODITY NEW. R A T e e | SHOWS NO FALLING OFF | Nttt tu i Linet 20ttt | o i oers Special Tae| s pigscth o7 : WIRED STAR FROM is sponsored by the American Sole | f e million cats ahead ool HOUSTON. April 30.—Word has beer : and Belting Leather Tanners, Inc. ATLANTA, Aprll 30—L B. Jack- e Board’s Index | [SPCRdInE weeks in tho past two ducement to Growers. Bl bl il ENTIRE COUNTRY | ! - son, director of the state market bu- | Federal serve Boar \yeam c ; ndleatin BOSTON, April 30.—Local lumber | 5ol director of the state market bu- Reports from the steel industry | pecial Dispatch to The Star. that $1,1 tied to the | dealers are hard pressed to keep UD | atuenate shorily wowid be wut on the States Production Is Above | show that while the buying movement | DENVER, April 30.—The C st~ Houston s Fatey =5 | With the demands made upon them, | Srschfite shortly would be put on the | S { which started lsst Decomber is defi- | ern Sugar Company has Jus S s asor NEW ORLLEANS, La., April 30.—|Qpe of the largest distributors of | ences recently held with the attor- | eak of g | nitely over, output continues at the |plans for promoting the growing o it Work is today going forward rapldly | vellow pine .in New England today | ey general's office. ihigh rate %f the year. It is the |sugar beets in northern Montana ‘this um. wi F 2 3 ‘ has the largest list of unfilled orders By the Associated Press. opinfon of the trade, furthermore, year. The Great Northern railroad has which it is he will insure OB b0 Mo rd e aRen BM K pRa e, e (al ey ¢ | NEW YORK, April 30.—Although that production will remain high for |agreed to reduce its freight charges. |completion of Value of Year N Output May.“'““'h L cost MBRINISID fand iw L) = £ HOUGHTON, Mich., April 30-32|the markets of the past week testinied | somo months to come, the cessation of | asd the sugur company will absorb 31,10 employ 625 men. | TALLULAH. La. April 30—Gov- | SuiveY, of the copper, country indl |l e 0 idorable ‘degres of uncer- |buying being ttributed to. tho fact | of the freight between the fields and its TO ELECT 0—Hel, DETROIT, April 30.—The farmers | ernment acroplanes have reached the | piies (R85 &1L proqustion of the red |10, %, Gr'ypcculative sentiment, vari- | that consumers are now well covered | Billings 1 SEABOARD TO E : Reach slss’ooo’oo eDs of northern’ Michigan toduy are pre. | experimental station here, which will x produced. In 8pite of shortage of | 0us indices suggest that the actual|{ahead in the matter of thelr ne- PETERSBURG. Vi, April 30— be used as headquarters from which volume of physical production is un- | cessities. an al meeting of the stockhold e e Eaches " %ty "Eite | the biance will spray Erowing cotton | 1bor, it was estimated today that |volume of physical production ls un; | NEW EMPLOYMENT RECORD. |annuai mecti ockio otton Acreage. e rrer oo oty baiaing ot “nd| with calclum atsenate to kil the| 15,900,000 pounds & month s moving | 317 board’s index. production in | T | DETROIT, April 30 (Special).—The | the Seaboard Air Line Railwz o o aenaning Of s | Dot weev. l"" s A p S ased 4 per cent| It is an old superstition among employment’ record for the last week Haidiat s ooint Drgcataily [tovertmh Bt | s ! |in Ma 8 per cent above | theatrical people” that the eminent|shows a further Increase ot 2260 to e Comiiiny ere. on BY J. C. ROYLE. e KANSAS. CITY, Mo., April 30—Im-| A tubular comb that shampoos or 20 ‘ur loadings for the | members of ‘tho profession dle in|a total of 340700, a new high o el I RICH LN e PHILADELPHIA, April 30.—Tan- ' ploment dealers (oday’ Foported an fn- | dryos the hale 1n & hew nvemiiom O | week andod April 14 Indleate tnat the | Ersape of three. for o Syerial Dispateh to The Star. " YORK, April 30.—Producers and manufacturers of vegetable fats and oils are prepared for the greatest :ar they have ever known. The in- in consumption of vegetuble fats has been such in late years as "o make it one of the great businesses of the country and has enhanced the value of vegetable oils at least 50 ber cent “The people of the United States will purchase at least $165,000,000 O e T . M. Ba , head of the edible oils i ter & Gam- his is $1.50 coman and child in United States. The total con- of fats, both animul and ¢. ‘probabiy will be between d $8 for euch inhabitant Vegetable Fats Gain in Use. of vegetable per. cent of J consumption, and this does include th vegetable oils used saluds, which swell < fat consumption unds every year. The i of edible futs and “Own Securities in Your Home Utility” QT TN = ] 5 Starting Tomorrow £ will be about 4,600,000,000 of which amount over half, 0.000,000, will be used for cook- The Washington Gas Light Company WILL OFFER 10 YEAR %Mo GOLD%BONDS IN DENOMINATIONS |oo $500 $|ooo Issue, $4,000,000 at Par and Interest At the Following Offices: The Washington Gas Light Co. " The Georgetown Gas Light Co. The Rosslyn Gas Company 411-417 10th Street NW. Wisconsin and Dumbarton Avenues Clarendon, Virginia it now forms only the total for that purpose.” s of much of the vegetable | cotton seed, and the; on acreage this vear is boing. paralleled by active Drepara: tion for increased production in the cotton seed mills. Speculative Buying Checked. Distributors of a dozen basic com- ndities and manufactured prod ree today that the slackening of wholesale buying throughout the c v, which has been a feature o(‘ - X > -] N e business situation for two weeks, presents a check not to buying for consumption, but to buying for specu- lation. and conditions have RO RO d the prob- ahlhl) of extraordinary price chauges | ecither up or down have been ma- | terially lessened. This'is well illustrated in the textile trades. The amount of cotton, wool | and sllk actually going into con- sumption is such that speculative buying by manufacturers evidently has been reduced to & minimum. Voluntary Daylight Saving. Seores of cities throughout the country went voluntarily on a basis of daylight-saving time today, irre- spective of lack of city ordinances providing for this change in sched- ule of state regulations prohibiting changing of clocks. In Philadelphia, for example, clocks were not changed, but banks, stock | exchanges, commercial houses, stores | d factories opened for business one liour earlier than usual and closed an hour earlier. All banking {institu- tions have some one in charge an hour after their closing time to accom- | modate out-of-town banks, care for | maturing paper and provide for any | legal technicalities. { Thus the agricultural sections will | observe standard time and the city residents will select the hours for labor they desire in scores of dis- tricts, | . Shippers to Save Millions. i SAN FRANCISCO, April 30.—Ship- | pers expect to save millions of dol- nnually on rates between cen- 1 and northern California polnts and Sin Eraneisco sbor ine ! 000,000 cut-off bridge is comnlued‘ across lower San Francisco bay. The ¢ structure, contract for which has just been let,'will be for vehicular trafiic only. 1t will be six miles long and of concrete, and will stretch from Little ‘oyote Point on the San Francisco peninsula side to Alamenda county | on the mainland. A drawbridge in the center will permit passage of ships. When the great span is opened to traffic in three years it will save ap- proximately sixty miles of travel for automobiles between here and interlor California points. New Steel Plants Planned. : STROIT, Mich,, April 30.—The nd step toward the production of | steel In Michigan district comes with | the ahnouncement that a 1,800-ton strip steel mill will be constructed in the near future in lower Detroit. The Detroit Steel Corporation has purchased about twelve acres of land and will erect three plants—a cold rolltng mill, eight by 250 feet, an annealing furnace building and a pickling unit of similar dimensions. Contracts for the machinery have been let to eastern firms. When the plant is operating in Oct- ober, it is expected that the Michigan Steel Corporation also will be mak- ing sheets, and that thus automobile companies can fill requirements right at their doors. Much of the output of the new strip mill will be taken by adding machine and typewriter companies here. (Copyright, 1923.) AUTO PRODUCTION BIGGEVST IN HISTORY‘ Passenger Car Record of June, 1920, Beaten by 57,000, Report Shows. i AC O nOZ=<Ppurn HICOXK HMEMLZ— nOZ—~<P>wn 10O OO RSO pri And These Banking Agencies: AMERICAN SECURITY & TRUST CO. THE MERCHANTS BANK & TRUST _SEVENTH STREET SAVINGS BANK AND BRANCHES | CO. AND BRANCHES STANDARD NATIONAL BANK ANACOSTIA BANK A NATIONAL CAPITAL BANK 'AND BRANCH ARLINGTON TRUST COMPANY 7 NATIONAL SAVINGS & TRUST CO. ST e e BETHESDA BANK = NORTH CAPITOL SAVINGS BANK o T A . & CLARENDON TRUST COMPANY Fa& NORTHEAST SAVING BANK SAVINGS BANK CHEVY CHASE SAVINGS BANK %, NORTHWEST SAVINGS BANK UNION TRUST COMPANY OF D. C. CONTINENTAL TRUST COMPANY % PARK SAVINGS BANK s b e s e FARMERS & MECHANICS NATIONAL POTOMAC SAVINGS BANK BANK RIGGS NATIONAL BANK WASHINGTON LOAN & TRUST COM- FRANKLIN NATIONAL BANK AND BRANCHES PANY AND BRANCHES LINCOLN NATIONAL BANK SECURITY SAVINGS AND WOODRIDGE-LANGDON SAVINGS & McLACHLEN BANKING CORP. COMMERCIAL BANK COMMERCIAL BANK 1O OO RO OO OO kl QOZz—-<CW Br tis Associated Press. CHICAGO, April 30.—Automobile production in March was greater than in wny previous month, according to the monthly review of the seventh federal reserve bank on manufactur- ing activities made public here last night. Passenger car production, the state- ment said, exceeded the previous high record of June, 1922, by 57,000, or 22 per cent, and combined passenger car and truck production for the first threc_months of this year exceeded the production for the first five months of last year. STUDEBAKER VOTES | USUAL DIVIDENDSI By the Ansociated Press, l Each Gas Consumer Will Receive a Subscription Card and Detailed Informatlon by Mail Tomorrow Morning SOUTH BEND, Ind., April 30.—Stu- debaker Corporation this morning de- clared the regular quarterly dividend of 215 per cent on common stock and 1% per cent on preferred stock, payable June 1 to sloc*holden of record May 10. BIG WOOB; OIL SHIPMENT. Chinese Product Being Sent to Bastern States. ®pecial Dispatch to The Star. SEATTLE, Wash., April 30.—A spe- cial truin 6f twesty cars loaded with total of 600 tohs of Chinese wood oi1, used in the manufacture of paints nd varpishes, has just left here for he eastorn markets. This is the first nd largest shippent from, the. far|, : t Chicago the n zfiwmm brvkqn up and tho g lous seations nozZ0w MZ2-~<CW noz20WwW Subscription Books Open Only From May Ist to .7th "SI IR IIIlllllllllllIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIHIIIIIIIIIIIIIIIIIIIIII( Rzggs Nattonal Bank Trustee )IIIIIIIIIIIIIIII'IIIIIIllllllflllllllllllIlllllIllllIIIIIIIIIIIIIIIIIIIMIIIIIIIIIIII M Let “Interest” Be a Bond Between Us = i