Evening Star Newspaper, June 29, 1923, Page 27

for{three months of the current year net rings” were $106.067, ‘or 75 cents a share on the latter Jgsue. PIERCE ARROW EARNINGS, NEW _YORK, June of the Ploraax'Arvow M e 8 per cent pr:; BEtE Seat pinvine 11%at chnsfs | et e, S mort Rt 31 ow e e vime e eptn vt onthly ! share on the company’ ow e time to begin resting up rate of 360,000, and on this basis it per cent pralorndv-to{ : Oftfutt Elected Vice President of = {s-estimated that net earnin ‘§ PRINTING-PLANT TO-6LOSE: y t qu | RIVER, Mass Th { An Printing ¢ works division, ‘e close down was announc COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY ERIE T0 SPEND HUGE GRAPES IN MARKET d today. SUMONEQUIPMENT Qutlay of $6,500,000 Plan- ned—Brokers’ Loans Shrink. By the Associated Press. NEW YORK, June 29.—Franklin G. Roberts, vice president of the Erie Rallroad Company, announces that the company has ordered new equip- ment totaling $6,600,000 and awarded contracts for rebullding 4,459 box cars, 1,000 gondolag and 100 refriger- ator cars. Brokers’' loans have shrunk during the declining market to the present total of about $1,650,000,000, compared, with $1,700,000,000 ‘on 'June 16 and $2,000,000,000 on Friday 14, the high point. The Public Service Gas Company has been authorized by the New Jersey Public Utility Commission to issue $6,000,000 additional common stock, the proceeds of which are to be used to pay for developments already com- pleted and for further construction. The American Smelting and Refin- ing Company today reduced the price ©of lead from 7 to 6.85 cents per pound. PENNSYLVANIA NET INCOME INCREASES Railway Company Reports May Gains of $1,244,216 Over Year Ago. Net railway operating the Penn income of vlvania Railroad Company for May amounted to $8,615.341, an increase of $1,244,216 over last year, according to the report filed yester- day with the Interstate Commerce Commlssion. was $65,465,627, an increase 254, while ex- penses at 8 represented an er 19 Gross From the fiv. last gross was crease of $4 were $241,001,038, Net raflwuy ,532 o months ended May 31 2 2. an in- . while ‘expenses u gain of § g operating {ncome for the five months amounted to $. - 547,480, a decr 545,169 from the total for the corresponding pe- rlod of the previous year. Pittsburgh and West Virginis. May gross . Net ufter fax Net operating 1 Total income Surplus after cha Five mos. gross Net after tux Net operut. income “Total incom S Surplus after charges.. 1,19 Atlantic Coast Line. May gross 4 Bal. atter tu 1 Net oper. in 1 Five months T ® Bal. after taxes i Net oper. income 5 AUTO INDUSTRY OUTLOOK. Fine Business Predicted for Many Weeks to Come. YORK. Jun automobile —Orders makers capacity any of the unit produ 4 month more at least. that there would after the first of June, with & greater d have not been borne out, ) to Automobile Industries. 4 o« an exceptionally w sustained upward curve an unusually long period. re now exerting all aintaining deliveries at the mark warranted by the pres- ent pressure from r and truck producers. y see a change in the curv. there comes a general slowing up in demand for cars und trucks the decline in parts production is not expected to show itself Lefore that month. R e e SEAT BRINGS $92,000. Last Previous Stock Exchange Sale Was $90,000. YORK. June the stock exchunge sold yesterday for 392,000, ympared with the last previous sale at $90,000. William H, McCall purchased the membership of W. C. Anderson. The seat of Thom- as E. Forrest, deceased, was trans- ferred to James Carstairs for $90,000. Propos. changes in partnerships terday were: Goodby & . To r Bates to retire and Charles A. Kollstede, member of stock exchang. to be admitted, effective July 2: Pynchon & Co., Jack C. Sturte- vant to be admitted ANOTHER WAGE INCREASE. Ohio, NEW d wi NEW seat on announc Co., I June try_ will 5 the bi-monthly exam- & prices held here to- 3 selling price of bar iron was found to ve heen cents a pound during the last two months, as against 5 the preceding iwo months. The wage increase includes an advance of §1 in the bas wage e, agreed upon in the new scale effective Ju 1 EWARK, N. J., Juse 2§.—The sales of electrical househcld appliances by the Public Service Corporation of New Jersey, through its subsidiaries, for the first five months of this y amounted to $1,767,407, and Jun are running at about 60 per cent above the average of the first half of last year, NEW ORLEANS, June 20.—The dock board, which = controls the wharves here, has reduced the han- dling charges of cotton 25 cents a bele; making this the chespest port in the country in this respect. This ls expecteg greatly to improve the movement of cotton through this port. DETROIT, June 20.—Copper and brass products were in less demand this week than at any time.this year. Manufacturers asserted today that while the automobile industry was taking its normal requirements, the decline is due to the fact that many firms overbought earlier in the year when copper prices were rising. PORTLAND, Ore, June 20.—The 1923 output of canned salmon along the Columbla river to date shows an increase over lust season of 25 per cent. The present run of fish s con- sidered of good volume. There is a &00d run of chinooks and an extraor- dinary showing of bluebacks. The run of the latter fish was expected to be light this year. It Is belleved 20,000 cases of bluebacks will be packed this season. MINNEAPOLIS, Minn., June 29.— Wholesale grocers of the Twin Cities reported today that the volume of sales at present was 15 to 20 per cent better than last year. POTTSVILLE, June 29.—More than fifty lawyers are now engaged in entering appearances in the sults of coal companies in this county who are resisting the recent increase of assessments on Pennsylvania coal lands, amounting to $325,000,000. Some companies have pald the tax under protest, while others have re- fused to pay the increase, claiming it amounts to confiscation, TRADE REVIEWS SHOW HEAVY STEEL OUTPUT NEW YORK, June 2§.—The Iron Trade Review says: Six months of re- markable production prosper! finds the steel {ndustry entering upon the second half of ‘the vear with vir- tually undiminished prospects. Most prodicers have order hooks large enough to insure a continuance of present conditions until wel fourth quarter. Some manufacturers, notably in Chicago, are virtually filled for the remainder of the year, The Iron Age says: For eight suc- cessive weeks the Iron Age finished steel composite price has stood 2.789 cents a pound. The varfation in the entire second quarter has been negligible, but the present figurs rep- resents an adv: of 8 per gross ton since the first of the year. e DECISION IS RESERVED. Court Hears Appeal on Rail Valua- tions by I. C. C. NEW YORK, June 20.—The federal court yesterday reserved declsion in the sult of the Delaware and Hudson and eight subsxidiary companies to set aside tentative valuations on their properties made by the Interstate Commerce Commission last March. Counsel for the roads held that complete information was not in the hands of the commission at the time the valuations were made. Counsel for the commission contended the court was without furisdiction in the matter, as no final ‘vaiuation had been made at yet, and the commission was entitled to hear the complalnts itself. RAILROAD CHANGES HANDS Harriman and Tuttle Take Pitts- burg & West Virginia Line. NEW YORK, June 29.—Control of the Pittsburgh .and West Virginia Rallroad Company changed hands yesterday when the W. A. Harriman & Co. and Clarence E. Tuttle inter- ests exercised an option for the pur- chase of 26,000 shares of common and 7,500 res of preferred stock from the etropolitan Life Insur- ance Company and reorganized the Alfred C. Deut and W. T. Smith, officers of the Harriman company, and Joseph Kraus, Cleveland, Ohio, banker, were clected members of the board to succeed W. I. Coverdale, Haley Fiske and Ernest Stauffer, jr. The directors voted the regular quarterly dividend of 11§ per cent on the preferred stock, but took no action toward resumption of a common stock dividend. It was understood the ocommon stock changed hands at $85 per share and the preferred at about $30 & share. | boara of directors. —_— DEPOSIT DATE FIXED. Further Plans Made for Mexican Debt Payments. NEW YORK, June 28.—A formal call for the deposit of bonds under the debt agreement with the Republic of Mexico will be {ssued July 9, it was announced yesterday by Thomas W. Lamont of P. Morgan & Co., chairman of the ternational committee of bankers on Mexico. Originally it was planned to issue the call about May 1, but delays connected with the preparation of the necessary receipt forms to conform with the tax ws of the numerous countries where Mexican bonds are owned caused post- ponement to the July date. el Al b i with stopover privilege as only $13045 to the Cosst. Travel costs are down. Go west—to Giacler Park, where you can fish and camp, ride horseback; to Rainier National Park, to lovely Lake Chelan, At Seattle steamers connect for Alasks, You will be surprised at the low cost of this mar- velous vacation trip. Call or write me today for information on rates, routes, train service and for , free illustrated literature, M. M. EUBBERT, 518 Lo New Yor Great GENERAL EASTER! acre By b ASSENGER ENT Broadway and 42nd - Phooe Bryant N. Y, wWa' A, J. DIOKINSON, Passenger Traflo Manager, B¢, Taul, Wing. FROM CALIFORNIA »|Season’s First Shipments Reach New York—28 Car- loads of Georgia Peaches. Special Dispatch to The Star. NEW YORK, June 29.—California grapes of the Thompson seedling va- riety made their first appearance on the New York market today and sold at the fruit auction at 5.123% to 5.37% per box of 24 pounds. Bartlett pears from California In boxes contalning 1656 to 180 pears brought from 6.25 to 7.87% per box. Btrawberries were in comparatively light supply. Prices ranged from 10 to 35 per quart, mostly 15 to 25. Currants were considerably more plentitul from the Hudson valley, but most of the offerings continued to be of small size, and were more or less green. The demand was very limited and the market generally dull. Sales ranged from 10 to 18 per quart. Red raspberries brought from & to 15 per pint. Most of the cherries received on the market today consisted of sweet va- rietles. Prices showed a downward tendency. Fancy large, red sours met @ moderate demand under rather light supplies. Four-quart baskets of vari- ous sweet varleties sold as follow. Black, sweet, 80 to 1.15; white, sweet, 50 to 76; red, sweet, 75 to 1.00; red #ours brought 60 to 80. About twenty-eight carloads of peaches were received from Georgla The demand was active, particularly for fancy, large fruit. Carrlers con- taining six four-quart baskets brought 4.00 to 0.50 for Hiley Belle APPROVE RAIL LEASE. - NEW YORK, June Lolders of the Missouri, Ka: and Texas raflroad, meeting in Louls, have approved a proposal to lease to the Wabash railroad the M., K. & T. lines between Hannibal and Moberly, Mo., and to purchuse all stock of the Okmulgee Northern Rallway Com- pany, according to advices received in Wall street. 5 8t EDMONSTON’S “FOOTFOR ‘ Are Built With Some feet require a FLEXIBLE SOLE. It helps to correct the arch condition that has been weakened by wearing ill-fitting and improper footwear. the requirements, T T HI!HII!IIII!I!IIIIIIIIIIHIIHIIIMMWMMWWWWMMH“MHMW(WE Home of the Original FOOT FORM Boots and Oxfords for Men, Women ‘and Children. Built-In Arch Support. The helping hand to foot health and comfort is offered by us in the ideal Foot Form lines of Shoes. Therefore, we have designed a Special Last to meet zflus-mn' s EDMONSTON & CO. (Incorporated) 1334 F Street ANDREW BETZ, Manager Advisers and Authorities on All Foot Troul District National Hilleary L. Offutt, jr., for the past five years cashier of the Dis> | trict National Bank, has had the responsibilities of vice president added to his present title. promotign, came at the regular meeting of the board late yester- i The day afternoon. Mr. Offutt's rise in the banking world, which typifies his ablility, has been meteoric. He began a runner in the old United States Trust Company fifteen years ago, and since then has been in turn treasurer of the Continental Trust Company and cashier of the Farm- ers’ Banking and Trust Company of Kensington, Md., aside from his connection with the District Na- tional. DIVIDENDS, - Stock of | Company. Htecord. Abitibi P & P.. July 10 Balt & Ohlo pf. %, Sept. July 14 Beacon O} pf... 3 Auf— 1, ¥ G 4% Aug. July 144 Jupe 28 | June 28 Juve 28 June 25 June 25 W B B'ton Lt, Pr 67 pf. B'ton Lt, Pr. 5 pi Bysh Termina! FERRERCERRATRE, L LR &R > L pf. Khaf O & R pf.. Buyre El 7% pf.. U & Finishing. U § Finishing pf. Ve Hy-El Cp WHEAT UNIT OF VALUE. BUDAPEST, June 20.—A bill author- fzing financial institutions to {ssue se- curities with wheat s the umit of value, has been introduced in the par- linment by fhe minister of finance. Another measure offered by the min- ister calls for a 20 per cent reduction in the number of government em- ployes within six months, RRR/J]A AJ{Q ¥) M" OXFORDS | and Without the 0 In the vast Foot Form Lines there is a_ scientifically de- signed last to help and cure any Foot Ailment not caused by accident or de- formity. No one shoe is suitable for " every foot condition. We have lasts for all foot conditions. Consult Qur Capable Assistants T J1S||ltry Summer Breezes Don’t Mean a Thing | To The Girl Whose Hair Is Wave Tressed 1t you want to know whether & girl really has ‘matural wavy”’ hair or mot, Just motice ter & beac] or an auto on s warm evening. hot days and crening air do to waves and curls, 't you But there &s oue way that a girl Al Ba beautiful soft waves and darling little curls, even If her halr never had a o in it before. | Wa o Lot, _stiek: 1 Yy, ol jot, A whom 700 hais has becoms stratghi, tringy and sour, Wave Tress will uff it up, curl it, ake it as soft perfect Jum¢ da; Wave Tress 1s an_amber-colored, Dleasantly-scented liquid, and is not Geo, 5. Pagonis Co. 08 Columbus Otrole |uwvmaty (Please do not 1 Enclosed 15 o Tress righi . P’ e e Name ..eoecvees 1 Street Betty Bobb = = = = CLIP THIS COUPON FOR CURLY HAIR® w = = -; for 45¢. Bend me i e vy e e, "eed sticky or gummy. Simply moisten your hair with Wave Tress, put up in curlers and hop into In the morning your hair will be beautifully eoft and fluffy—and full of long lovely waves and curls. "And no matter how r_bow damp hot and sticky da; and blowy the evening—the waves and curls will stay in for days and days. There are hot weather comfort and bunches of waves in every bottle of Wave Tres will make you wanted imired wherever folks are hav- and a h times.” And all for 41 intagine; © Dot senther “comtort, bunches' of waves and.curls and the admiration of all your riends, all for 45¢. Mail " the con el today fof your " arst Vootue F Wave send stamps) State L N - - - —~Advertissment. £33 YN 33232234233322224¢029 13T T3 TITIINIINII 42222 T R R N T I I R 1 0,000 In the first for your vacation, E ,:_ZI).unmpm Knife-Plaited Skirts The favored colors and styles. $4.98 ‘Wool $7.98 Rival-less Wash Dresses A Superb Variety—Superior Styles—Significant Prices. Three Big Assortments for Tomorrow’s Attraction small checks and smart plaids; also Extra Sizes " in Linene. Linene, Gingham, Ratine—very pretty ef- fects; well made. Satin Hats — of fetching summer shapes — with ostrich bands and flowers. Sport Hats—in many smart styles— ribbon and wanted trimmings, in the pop- ular colorings. Third Floor >4 & $338323833888328883888323282838¢ Normandy and Dot- ted Voile; also Tissue Gingham, Ratine, etc.— charming models. One and Two strap Pumps and Street Ox- fords; made up in snow- white canvas. Just the shapes you are wanting— rubber heels. All sizes. Pirst Floor Washington’s Auto Tire, Battery, Gasoline, Oil and Accessory Center — Everything for the Autemchbil: On the Avenue at 908, 910 and 912—Between Ni vur enormous buying power enables us to offer the motoring public Tires of popular makes at great saving. We have gained an enviable reputation for fair dealing, and you owe it to yourself to make us your Tire headquarters. Here are the specials we offer you for the next ten days: All Firsts—Fully Guaranteed . . s Cord Fabric Sise Cord $6.30 | 33x4 $15.95 7.35 | 34x4 16.40 9.90 | 32x41; 2225 10.85 | 34x41; 2345 12.40 | 35x5 25.50 OPEN EVENINGS Mail Orders C. O. D. Subject to Your Apprhov.al‘ Mutual Tire Co. 908 Penna. Ave. N.W. Fr. 8746 | ° . Fabric * $1265 ©1320 16.35 16.80 17.90 Size $8.90 12.85 14.90 1545 \ fl.CIJST()M“BmUIlL'I‘ Kt:’r; and rugi con- mmn:‘"{o withstand NEG- LECT and ABUSE, as proven leading com- For Ford, Chevrolet, Overland, Hup and Other Light $17 18 Months in Writing unnu;)pnnd in_ the field of AUTH and RADIO BAT- TERIES, and at a price that makes it more economical to install a new SOUTHLAND than to risk towed in by repairing your battery. nth and Tenth Streets N.V/ ACCESSORIES GASOLINE OILS AND GREASES CARS WASHED SIMONIZING For Hudson, Studebaker, Chandler, etc. $21 Guaranteed 609 E St. Station Open 6 A.M. to 12P.M. Avénue Station—24-Hour Service IC & S Service Station 912 Penna. Ave. N.W. Fr. 9099 Also 609-611 E Street N.W. All topped off with a guarantee clearly defined, substantially back- ed and given with a conscience. 18 Months in Writing Mail Orders Given Prompt Attention SOUTHLAND BATTERY CO. 910 Penna. Ave. N.\W. . Main 5555 $333338200002000000202 0002220282020 280208822888 3242344224 >4 * 33222228822 20 2! 3333 $33333338338338 83883 $8333833888288388885888885s: