Evening Star Newspaper, June 13, 1923, Page 25

THE The Value of our Letters of Credit (SSUED BY this dank in the Nation’sCapital, they are recog- nized as valuaple credentials when presented to over 3,000 correspondents in all parts of the world. Interest at the rate of two per cent is earned upon the unpaid balance on deposit until all is withdrawn. Our illustrated booklet ““When You put Out to Sea’ is yours for the asking! TieWASHINGTON LOAN and TRUST COMPANY, WAsHINaTON.D.C. Branch (NINTH & P 3TREETS JIVENTRENTA & O STRUTY T \/ A Afi‘ufi - How to serve Good Old Scotch Brew It’s the Bonnie Scots who show the way you so much of the malt and hop beverages of \\ bonnie Scotland. Therefore, do not chill Old Scotch Brew, but coolit only to about 50-de- grees. Do not put the bottles directly on the ice, but place them a few inches away. Not a “Near-Beer” Scotch Brew is not a “near-beer,” not a prohibition substitute, but a real stimulating brew made from a formula famous in Scotland since 1740. It’s pure, safe and within the law. Try it at any restaurant, or get it from your grocery or delicatessen. It is the most popular drink of today. GOOD OLD SCOTCH BREW “We found it in Scotland, men” A Tartan of the Clan MacArthur BEITZELL & CO., INC., Distributor e WA P! N TR S you know, Champagnes, clarets, Rhine and Moselle wines are at their best at certain temperatures. ‘When thus served 'the grapes from which these wines are made combine with the aroma of the alcohol and send forth those bouquets ‘which are so thoroughly enjoyed by connoisseurs. So it is with Good Old Scotch Brew Scotch Brew is at its best at 50-de- grees F. Cooled to this temperature, the fragrant hop and malt flavors, combined with the pure alcohol con-- tained in Scotch Brew, bring forth those inviting aromas which remind "EVENING STAR, WASHINGT! At the Bottom of the Ladder. BUILPING LOANS CHECKED. ST. LOUIS, June 13 (Special).— Building loans have been almost totall checked in this section. is available for investment in buildings is offered more generally at 7 than 6 [per cent, with financing discounts run- ning 9 to 10 per cent. Capital is shy- ing at emall building construction as well as large. This trend has not in- fluenced wages downward. ‘What money ! , D. ©. MARRIAGES. CUMBERLAND, Md.—Miss Gertina , Steepe, daughter of Mr. and Mrs. W. Harry ‘Steepe. this city, and Leo Wal- lace "Lambert, Lambertsville, N. J., were married here. Miss Helen Taylor and Patrick Car- roll, both of this city, were married in Baltimore. Martha Virginia Devilbas, daugh- ter of Mrs. E. J. nse. Cresaptown and Dennis Harry Koelker, son of Mr. and Mre. Joseph H. Koelker, were married Saturday night. FROSTBURG, Md.—Clarence Alfred Yaist, Elk Lick. Pa., and Miss Marga- ret Elizabeth Rizer. this place, were married Saturday at St. John's Epis- copal Church. Harry Campbell, Davis, W. Va.. an: Miss ma Repburn, Va., were married here. AUSTRIAN LOAN TAKEN. STOCKHOLM, June 13.—The sub scription lists to the Swedish portion of the Austrian loan were opened yestarday and closed within a few hours. The loan was largely over- subscribed. MOUNTAIN LAKE PARK. Md—. Hiendricks, w. | WEDNESDAY, JUNE 13, '1923 —By KESSLER. SENATOR oAME® E.VATSON OF INDIANA ONCE DROVE THUE TOWN S$PSNKLING VAGON OF WVINGHESTER; IND. DEATHS. WINCHESTER, Va.—Robert Pres- ley Glass, sixty-seven, farmer and truit growsr of Frederick county and member of one of the oldest families of the Shenandoah Valley, died suddenly at his home near Ope- quon. WARRENTON, Va—Mrs. Mary S Nelson, widow of Rev. George W. Nelson, died this morning, aged sev- | enty-eight. Funeral from St. James | Church. | CCMBERLAND, Md.—Mrs. Martha LJ. Waltman, seventy-six years of age, wife of Harlan M. Waltman, | Ellerslie, Md., died at her home at 8 o'clock Monday night. SERVICE IN CHURCH YARD. | Spectal Dispatch to The Star. LAUREL, Md., June 13.—Under aus- | pices of the Laymen's Service Asso- ciation of Washington an open-afr | service was held in the church yard of St. Philip's Protestant Episcopal Church Sunday afternoon. Nearly | ifty men from Washington came out |and many men from neighboring } parishes were in attendance. Wsfon 0 ALL for the Price of a Return Ticket fo Yellowstone alone Yellowstone National Park, Nature's unspoiled wilderness and temple of ‘wonders. Unique Salt Lake City with its great dome- roofed Mormon Tabernacle, world -famous organ and mysterious Great Salt Lake. Colorado, where it is cool when the rest of the country swelters. Snowy peaks nearly three Iiles high. Every out-door sport under a tur- quoise sky; ranches, camps, luxurious hotels. Al! these and memorable car window dgm of the Overland and Oregon trail the Rockies, and Weber Canyons and the giant Tetons a¢ the cost of & ticket to Yellowstone alone when you travel via the West Yellowstone entrance—an advantage exclu- sive to this route. You can do it in two weeks or stop over st any point as long as you wish. $100.95 Round Trip from Washington Automobile transporiation in Yellowstone with accommodations at hotels §54.00 additional; at camps $45.00. (Season opens June 20th.) Side trip from Denver to Rocky Mountain National (Estes) Park $10.50." If going to the Pacific Coast visit all Mplnc.:‘)fio ‘Write for Free Booklets Let us plan your vations and send § enroute. vacation. We shall be glad to re- lieve you of all details, make your eleeping car resere you free descriptive booklets, For information, ask any Railroad Ticket Office, or D. M., Da Gen'l Agent, C. & v'{'n: W. Ry., Pennsylva: 31 1sth M: Chestaut § Chicago & NorthWestern Union Facific System COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY | | FORT WORTH; June 13. — The sales of tractors In Texas have been better this year than ever before. The total from January 1 to date al- ready is greater than for the cor- responding period of 1932. 8T. PAUL, June 13.—Work on the new Ford ~automobile factory at | High Dam near here will begin June | 16. Bullding of additional traction lines into the new factory district already is under way. DETROIT, June 13.—The Michigan Canners' Assoclation plants will sell No. 10 cans of sour cherries at $9 a dozen this season, according to Secre- tary R, A. Todd today. Other can- nerles have fixed their prices at 9.259.50. Twenty-degree sirup is quot- ed at 2.25a2.50, forty-degree at 2.50a 2.85 and sixty-degree at 2.75a3.10 f.0.b. canneries. HOUSTON, June 13.—Grasshoppers are being fought with chemicals today in the cotton and corn districts of Texas. Large quantities of in- secticides have been rushed to farm- ers by express. ST. PAUL, June 13.—This city is; now headquarters for the largest or- ganlzation for the breeding of silver foxes in the countr: Breeders at Lake City, Minn., have recently re- organized with a capital of $500,000, and moved here. The new company operates three large silver fox farms. HOUSTON, June 13.-—About 30,000 acres in this state have been sown to broom corn this year, and a part of the crop is already being shipped from the Rio Grande valley. Growers are recelving $3 a ton. The total acreage in the United States, planted and to be planted, is estimated at 416,000 gcres, compared with 257,000 last year. FORT WORTH, June 13.—The sec- ond shipment of Texas hogs destined for Cuba now is on its way to the island. Lykes Brothers of Havana take from 500 to 2,500 hogs each season, buying in this market, and usually paying from 15 to 20 cents per hundredweight below the tops o'f‘ the market for the day of pur- chase. CLEVELAND, June 13.—The Amer- ican Fork and Hoe Company reported today that its shipping season from December 1 to June 1 showed busi- ness double that of corresponding period a year ago. ATLANTA, June 13.—The larger de- partment stores in the south are ad- vertising heavily this week, and merchants declared today that they were satisfied with the response given by the public. They attribute good trade to the firmer tone of the cotton market. The F. W. Woolworth Company will erect another large unlt in its chain of stores here. ARANSAS PASS, Tex., June 13.— The first shipments by carload of Texas tomatoes are now moving to market from this section, and Aran- sas Pass and Jacksonville growers are obtaining satisfactory prices. RECEIVER IS NAMED FOR GRAIN COMPANY Action Follows Finding of Official Dead Railroad Tracks. ‘Woman Seeks Funds. By the Associated Press. KANSAS CITY, Mo, June 13.—A receiver for the Moore-Lawless Grain Company, of which Guy A. Moore, whose body was found upon raiiroad tracks here June 3. was vice presi- ident, was appointed late yesterday. | Benjamin C. Moore, president of the Moore-Seaver Grain Company, was made recelver on petition of Mrs. Blanche Welton of Los Angeles, Calif., who asserted that she hadelent money to the firm several times. It was revealed today that Moore went to the place of his death on the day when he was to have met his partner to prepare an annual finan- clal statement for the company. The receiver, aithough of the same name, is not a relative of the dead grain dealer. ROADS REPORTING GAINS. Eastern Carriers Making Great Strides in Efficiency. NEW YORK, June 13.—The eastern carriers are making great strides to- ward realization of their program of efficiency. At the same time there are signs that efficlency Is greater in the operation of the various depart- ments, but indirectly related to actual operation. Lackawanna is another road which notes improvement in its . general position, car tonnage and average car movement being in ex- cess of the levels set by the carriers of the country. Bad order freight cars represented but 3.5 per cent of the total on line, against a level of 5 per cent, almed at the roads, while bad-order locomotives were 16.64 per cent of the total, against an average of 16 per cent, sought for the early fall. on FEAR TAX ON EARNINGS. PHILADELPHIA, June 13 (Special). —Manufacturers are much worried over a prospective levy by the state of a tax on earnings. This is given as a reason for the opposition to the sequicenten- nial exposition here, as this would re- quire an appropriation of $5,000,000 by the state and one of equal amount by the city. ALASKA TRAVEL HEAVY. SAN FRANCISCO, June 13 (Special). President Harding will have plenty of company in Alaska this summer. = All vessels leaving San Francisco for Alas- ka points are booked to capacity two months in advance and indications are that Alaskan traffic will be heavier than ever before. ROAD CUTS DEFICIT. NEW YORK, June 13.—The Minne- apolis and St. Louis railroad returned 'a deficit of $1,161,923 in 1922, com- pared with a loss of $1,836,222 the previous year, according to the an- nual report. Operating revenues over expenses and taxes aggregated $1,- 396,671 or nearly double that reported for 1921. DIVIDENDS. Stock of § Record [ Jupe 2 June 22 June 23 2 e mps e e (Can.) pf. Gen. Refract. Hendee Mfs. Go. e oomEn Gos ol 3 TJuly 16 June 23 June 23 June 13 <l Merrimac Chem. N. Y. Trans...... N. Y. State Rys. e = -, W e RBTRBRERRIR oo B P 8 satety 0, B Skl s & hmnnz Q 8150 o T omerd 00 3 Un. Frutt’ Go. g g% . Tel.. @ 3L 3 |down = equivalent of 3,000 freight cars. zsfl CUTINTIRE PRICES STIRS UP INDUSTRY Firestone’s Action May Be Met or Exceeded—Motor- ists Vitally Interested. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, June 13.—A merry lit- tle war is threatening in the tire in- dustry, precipitated by announcement by the Firestone Tire and Rubber Company of a cut of 10 per cent in prices. It is known today that ex- ecutives of other tire manufacturing companies have considered at length what course each will follow, and speedy action on their part is ex- pected. No concerted movement is antici- pated, but rubber importers expressed the firm belief that the principal large producers would certainly meet the cut by Firestone, and that they might retaliate by pressing prices stiil lower. Loss of Profits Seen. Many representatives of tire manu- facturers have expressed the belief that such cuts will mean losses for all. in view of the present price of rubber. the high level of wages and the cost of other materials. Cotton, one of the principal materials used is up, and the trend, they feel, is for still " further advances. They say tires cannot be sold at figures under the present scale and still return an adequate profit. Rubber importers take a different view. One man prominent in the raw rubber trade, pointed out today that the price of rubber, now quoted at 27 cents a pound, has fallen 10 cents a pound from the high point of the year reached January 25, a drop of nearly 30 per cent. A very considerable portion of the Firestone output, this _importer pointed out, goes o automobile man- ufacturers for original equipment on long-standing contracts unaffected by this price cut. All the manufacturers are known to have large stocks of tires on hand. or in the hands of dealers, for the late spring has retarded sales. Efforts to Boost Sales. Because sales have been slack manufacturers have been going business in late weeks on the vasis of the January 2 prices, which were It effect before the cut of 10 per cent to present figures. The importer therefore believes that Firestone sim- ply was the first publicly to seize the opportunity offered by the fall in rubber to take a step to stimulate sales for replacement purposes. It is & well-known fact that close co-operation has not existed between the Firestone company and other big producers. Harvey Firestone was chief “sponsor for the movement against the British regulations re- stricting the shipment of' rubber from Borneo and the East Indies and in favor of a movement for America to grow her own rubber. This atti- tude was not supported by other tire men. Importers produced accurate fig- ures today showing that in spite of the British restrictions, 40,600 more tons of rubber had come int; the United States since Januarv 1 than were imported in the corresponding period of 1922 when no restrictions were in effect. This is accounted for by the fact that Great Britain has not been able to enforce the restric- tions. Rensous for Firestone's Move. The putting of the regulations into effect was left largely in the hands of the planters themselves, and some of these, it is charged, could not re- sist the temptation to take advan- tage of the high prices and evade the regulations. Many shipping permits are believed to have been forged. Dealers in crude rubber assign two reasons to the Firestone move. The first is the effect it might conceivably have in inducing the British govern- ment to loosen the restrictions, and the other is the belief that it will be at least six months before the British can make the restrictions proof against illicit shipment and that in the meantime the price of rubber will remain low. Dealers in general agree that the move means that manufacturers will cut down buying of rubber to the ut- most and that they will reduce pro- duction and working forces until present stocks are moved. Motorists Profit by Cuts. Any cuts made in the possible price war, of necessity, must be retroactive, at least thirty days back, so far as dealers are concerned. For example, a Firestone dealer who has a stock on hand cannot be expected to sell tires bought within the past thirty days at the old price, when the Fire- stone Company is advertising exactly similar products 10 per cent cheaper. Whatever the outcome, the motorist who jacks up his car to replace & blown-out tire in the next few months probably will not have to feel within 10 per cent as bad as he would have last week. (Copsright, 1823.) GENERAL MOTORS IS - EXPANDING EXPORTS NEW YORK, June 13.—The General Motors Corporation, through its ex- port organizations, has placed over- seas more than 93,000 cars and trucks, including more than 42,000 - Buicks, 29,000 Chevrolets, 5,000 Cadillacs. 9,700 Oaklands, 4,200 Oldsmobiles and 3,100 G. M. C. trucks. The export assoclation comprises the following: General Motors of Can- ada, Ltd., with capital of $25.000.000 and factories at Oshawa and Walker- ville, Ontario. This company has sev- eral Canadian subsidiaries. — INTERBOROUGH EARNINGS "UNDER RENTAL NEEDS By the Assoclated Press. NEW YORK, June net earnings of the Interborough Rapid Transit Company applicable to the Manhattan FElevated rental amounted to 60 cents a share, and 1ental has been ordered paid to Man- hattan stockholders a* that rate on July 1. The Interborough failed to earn the full 3 per cent for Man- hattan rental by about $90,000, which explains the payment of 60 cents, in- stead of, 76. The deficit, however, is cumulative and will have to be paid in the future if and when earned BUSINESS BRIEFS. CHATTANOOGA, Tenn., June 13.— The Southern railway is moving 50,000 tons of coal from southern Appalachian mines for export to France. The coal will be shipped via. Charleston, S. C. France's short- age of Ruhr reparations coal is thought to be responsible for the big some after 13.—Quarterly {shipments. ELIZABETH, N. J., June 13.—The American Type Founders Company will build a $750,000 press plant here. The company recently purchased fifteen acres of land along the Central railroad of New Jersey's lines. NEW ORLEANS, La, June 13— Government barge lina’ officials es- timate it _will carry 85000 tons this month. Freight offerings up and the Mississippl river are in- The estimated tonnage is May the line carried 77,500 tons, and earned a profit of $64,000. LOUISVILLE. Ky., June 13.—Addi- tional gas manufacturing facilities, costing $2.500,000, will be built here for the Loulsville Gas and Electric Company by the Byllesby Engineer- ing and Management Corporation. creasing. incorporated It will manufacture electrig H, W. LeVan is president.