Evening Star Newspaper, July 4, 1923, Page 19

DEPRESSES cunnN? Rgpord of Census F|gures Causes Options to Drop :%Half Cent Per Pound. TELLS JUNIOR HERE'S A S POR RIS VERY OWN NEW YORK, July 4.—On quite gen- eral selling inspired by the monthly refort of the previous day, cotton broke another half cent or more ve tenday. Large acreage figures ap- Péfred to have'more influence on op- erffions than the fact that condi- tions of the growing crop in South Cafolina, Georgia, Arkansas and OkMhoma ranged from 10 to 16 points Dbelow the ten erage. As to acreage stimates at Season of the year, the Washin record for two years past has not bean good. In uuly the area planted was placed 00,000 and then revised to re ,000. Last JuJy the acreage was én as 3 852,000, but corrected last month to 34016600 with only 33,036,000 acres acipally ‘ns ted. Was evident from the reception | xn’(-n Monda report in dry goods | aiiff specy circles that a greater | degree of confidence in the crop out- | Jock had resulted from certain de- e docume T cations ear a this on STATIONS JUNIOR AT SAPE DISTANCE TWENTY YARDS AWAY I figurex | é ny one ha@l anticipate ok ment developed in all three Reliable reports from the s inddeate that « 4 ed. huwever, t and larger estimat able vield are o Iy Dbetterment As PRODUCES REMAINING ON improy to the 1 pected in the m\‘l»l in the coming » now down ‘o result of two davs’ fmproved expogt movement. Clear- | andes aggregated 13,000 bales vest day, following 26.000 on Monday. ‘the total stoc port, about 84.000 bales is in New York, an un- usmily Jarie” per (C) Wheeler Syn.nc. {COMMODITY PRICES ARE in Breadstuffs and Clothing. YORK. July 4 enting the wholes Chevy Chnse ' number as of July 1923, shows a decline of about 1 | per cent from the June 1 figure. Ex- cept for meats and dairy and garden products. lower levels were reached by all groups into which the index number is separated. the largest re- duetions oceurring in breadstuffs and clothing. The July 1 index number, although approximately per cent below the hizh point of the current year, at- tained on April 1, is 81z per cent above the basis of a year ago, and shows a rise of 18 per cent ahove the low mark of the decline that culmi- ed in the summer of 1921. Com- d with the prewar level, an than 36 per cent iolt \Hd1d_Tight.” 3 Tom Mix Stan Laurel, ir and Oregon Trail Fri n nedy, “Hold | in Plunder No. . Thursday, Helen Richard _Dix, in Gloria Swan- Prodigsl Dadehisre™s Satar: “Mary of the Movies.” WILLYS-OVERLAND STOCK SALE STILL UNSETTLED By the Associated Press. NEW YORK, July {_—Postponement until | r . on on the ou Can't | disposition ot ares of com- Toll of the | mon stock of the Willys-Overland Brothers | Company was aunounced by Federal Judze Knox when the question was +iurther argued before him yesterda Knox stated that unless some isfactory plan for disposing of the Behe Daniels | stock was submitted to him by that and Lige Conley in | time he would propose a plan of his nd Wed- | own for e controversy. nwayy Thom resentng a bid $3.000,- for Olympic. the “The Lov Woman &uvdm : Monda . %\u.\\ Sear’ Lonesome Letter: “The of Bronze' the The Dalton a Hlar bid, and counsel for George W Browne of "Milwaukee and Guy 0. S mons of Detroit. who have offer a share for 300,000 of the shares. stated they would have definite pla to submit on July 23. Judge Kno ordered the Jast-named bidders to de- posit $15.000 with the court. which Sills | sum he said must be increased if their of | bid is held valid after the date for the able. I'\tlmmnml hearing. al in “Sixty Cents tnd Harry Pollard in -Where York. Monday Tsson in and Aesop &Sinday and An Ships” “Sppoks”; Tues Tugert Hughe. Jimmaie Adams i dayy Jack Holt in i angy ~Harold - Lioyd in ) o Spmoks': Friday, “Mary of the Mov-{prown O'Hara in “Fighting | Fisl wurday, “The Famous b tan Laurel in wx-'“\r and Milton DIVIDENDS. 1ars and Cuffs Takoma. Tuesday Mermaic Wedn onday th! Moon l‘(&uu.ww % and ard cdy e bl July 81 July 31 grams. (] Princess. Wonders of the the World ( {A e i . i T iy, he man_of Bronz and Saturday, Richard Bar- s and Dorothy Gish, in “The tl._ Paper pf.. q.. - Y. Dock pf.. s-a Chi. & 8t. Lo Ohi. & St. Lot ‘nion’ Bag & Paper, U. 8. Smelting pf.., q. July 9- an l)flln(nl ‘p July 4.—Buying Detining, ne understood to be by ar with its'j Aluba Doing currently $20,000,000 | Allian: munm and with net in nders 'pf... q mours, ‘deb. Harbison-Walk-Rfrsh. pf.. Pittsburgh Coal, g Pittsburgh A I)rz-\luux banner y derstanding why s te would buy Studebaker if for ing else than the yvield of 10 per T its $10 annual dividend e around par. me traders, however, declare that h of the present buying is due hort covering by those who be- p the stock will not go far under . C ™ a. Bentral Rotirond 'of New Jeraer, 4 o et SR Mother and father can very easily keep - the boys away by sticking around too much themselves. Many a girl is chaperoned out of a husband as well as a good time. Read—What the tFolks Back Home . Are doing hile you are away You don’t want to get out of touch with Washington— and the way to keep posted is to have The Star—both Daily and Sunday—sent to you regularly while you are away. No matter how often i%3 you change your address— %xst notify the Circulation epartment. Maryland and Virginia— Daily and Sundsy Daily Sunday s ~ One month..70c 50c 20c 730ne week...20c 15c Sc All other States— Daily and Gundsy Daily Sunday, One month..85c 60c 25c One week...25c 26c 10c PACKAGE OF TIRE-CRACKERS DECLARES JUNIOR SWALL TIRE OPP ALL THE REST HIMSELF~ DOWN 1 1-2 PER CENT! | e i Dun’s Figures Show Biggest Cuts | \ | ¢ | KSD—St. Louis (546 Meters). D. €., WEDNESDAY, JULY 4, 1923 FINANCIAL —By GLUYAS WILLIAMS. |ILLINOIS CENTRAL PLANS | BIG ROAD CONTRACTS LET. CALLS HE'S GOING OUT WITH JUNIOR WHILE THE BOVY FIRES OFF HIS CRACKERS:* TELLS HIM HE'D BETTER STAY THERE MLL PAPA TRIES ONE OR TWO_MORE 22 <y BUT 'F‘EELS THAT PERWAPS HE'D BETTER JUST LET e. LOCAL STATIONS. | val Radio Station, Radio, Va. | (435 Meters). 25 p.m.—Complete live stock mar- ket commen 3:45 p.m. NAA—) Weather bureau report 5 p.m.—Hay and feeds, crop re- ports, special market reports. 5:05 p.m—Dairy market report 10:05 p.m.—Weather bureau report. WMU—Doubleday-Hill Electrie Com- | pany (261 Meters). to 5:30 p.m.—Program base ball scores. 4:30 of music; | WIL—Continental Electric Company | (350 Meters). 1330 to 6:30 p.m.—Phonograph ections. se- | WIH—White & Boyer Company (273 | Meters). p.m—Market reports and| program. 3 4 { musical DISTANT STATIONS. standard time. WEAF—New York (492 Meters). | 6:30 p.m.—Address by Senator | Clarence E. Case of New Jersey. 6:45 pm.—Address by Frederi, i Wallis. . S [ i { 7 to § p.m.—Special 1ndependence day program By S. L. Rothafel and | his corps of artists. 8 to 9 p.m.—Wednesday night dance. | WIP—Philadelphia (509 Meters). | Silent. 9 p.m.—Concert by the band and! glee club of the Junior Order Amer- ican Mechanics. WFAA—Dallas, Tex. silent (476 Meters). [ WBAP—Fort Worth (476 Meters). | |, 10:30 to 11:45 p.m.—Concert by the| Hilo Five Hawailan Orchestra. WWJ—Detrolt (516 Meters). Silent. _WHAS—Loulsville (400 Meters). Mary Anderson Theat: ust Among Home Folks, Ito Theater organ. p.m.—Concert by | ates Infantry npglment: historical eplsodes; | RADIO NEWS | Reproducing the Independence day celebration at Tammany Hall, New York, WCPA, the Washington broad- | casting station of the Chesapeake | and Potomac Telephone Company, | was formally opened this morning. The ‘exercises were recelved over the land phone from New York, amplified | and broadeast. Beginning at 6:30 o'clock this even- ing and continuing until 9, WCPA will broadcast the same program scheduled for WEAF in New York city, which includes addresses by | Senator Case of New York and Gen. Pershing and xpecl:\l dance music. 1 A patriotic program by the Sons| of the American Revolution will be broadcast this evening by station WJZ at broadcast central. FORD EMPLOYES TO GET $1,000,000 IN DIVIDENDS By the Associated Press. DETROIT, July 4.—Distribution of more than $1,000,000 fn divjdends to some 30,000 employes holding invest- ment certificates has been begun by the Ford Motor Company. The dis- tribution is on the basis of 8 per cent for the six months ended June 30. When the investment certificate plan was announced it provided a ]guarnnleed return of 6 per cent a year, but the company has increased the return when business conditions permitted. -Employes are permitted to invest one-third of their salaries in the cer- tifictes, the maximum investment being one year's salary. WHITE EAGLE OIL GAINS. NEW YORK, July 4.—Net earn ings of the White Eagle Oil and Re- fining Company in the first six months ‘of 1923 were approximately $1,725,000 after taxes, depletion and depreciation, compared with $1,434,- :’lD for the corresponding period in DODGE SALES INCREASE. NEW YORK, July 4—For the first six monthi year Dodge Biothers report saiss of 104,000 cars, against 35,890 during the last six moaths of 1922 The total for the 1ve months was 189,890 cars. PreJdenl Haynes said th: the coms ¥ had made \out a schedule until} maroximate’s the same PR sear. PAPA TOUCH T OFF FOR NIiM PORTRAIT OF A SMALL BOY SETTING OFF SOME TFIRECRACKERS All programs schiéduled for eastern | e Patriotic songs by children Rust |WOOLEN ACTIVITY SHOWS MANAGES T ABST&ACT PACKAGE PROM JUNIOR'S POSSESSION BECAUSE'PAPA HAD BETTER SHOW YOU T SAYS NOW HE'LL SHOW HIM SOME OF THE WAYS THEY 4P BULLY TIME WITH HIS TIRE CRACKERS BY RADIO TODAY Schedule of Wireless News and Entertainnex:! from the Reulman School of Expres- sion; vocal and instrumental solos. KDKA—Pittsburgh (326 Meters). 6:30 p.m.—Patriotic address. s{s p.m.—Dreamtime lady. p.m.—"“Our National Parks” by John D. Carter. 7:15 p.m.—Concert by ,the KD!\A Symphony Orchestra. little KYW-—Chicago (345 Meters). 6:50 p.m.—Bedtime stories. 8 to 8:58 p.m.—Rock Island night— | musical program; Cope Harvey's Or- chiestra. 9:05 p.m.—Special features. WGY—Schenectady (350 Meters). Silent. WJIZ—New York (455 Meters 5 p.m.—"Adventures of Pete: l-‘lnu-uuu $mith Vincent, 6:30 p.m.—Patriotic program by the Sons of the American Revolution. 7 p.m.—Address by Maj. I R Mac- ney 7:15 p.m.—Concert bY the Goldman Band. WJIY—New York (405 Meters). 4 p.m.—Vocal recital. WGM—Atlanta (429 Meters). Midnight _program only. WSB—Atlanta (429 Meters). 11:45 p.m—Radiowl concert inmates of the feredal penitentiary of Atlanta. WDAF—Kansas City (411 Meters). 4:30 to 5:30 p.m.—Concert. 7 to 8 p.m.—Educational features; musical program. 9 to 10:30 p.m.—Concert. 12:45to 2 a Nighthawk" frolie. WFI—Philadelphia (395 Meters). 5:30 p.m.—Base ball scores; or- chestra. . 6 p.m.—Children’s stores. WOC—Davenport, lowa (484 Meters). 7:30 p.m.—Sandman’s visit. 7:560 p.m.—Base ball scores. 9 p.m.—Pipe organ recital. WOR—Newark (405 Meters). 7 p.m.—"The Meaning of Indepen- m.—"“The Significance of the v Alice Stueck. m.—Bianca Randall, soprano. alk by Dr. A. M. Young. Talk by T. F. Woodley. 8:30 to 10 p.m.—Opera, “Cavalleria ana.’ Pl INCREASE DURING MAY | Of the tbtal number of woolen Jooms wider than fifty-inch reed space 52,407, or $6.5 per cent, were In oper- ation dyring May, according to the bureau of the census. Active machine hours for these looms formed 9.3 per cent of the "single shift capacity, compared with $9.5 per cent for April | and 62.4 per cent for May, 1922. Of looms of fifty-inch reed space or less 114,691, or 85.3 per cent, were in oper- ation in May. ~Active machine hours represented 84.4 per cent of single- shift capacity, against $3.7 per cent in April and 55.2 per fent in May, 1922. Carpet and rug looms in oper- ation numbered 7,947, which was 87.2 per cent of the total. Machine hours formed 85.7 per cent of the capacity, compared with 825 per cent in April and 75.5.per cent in May a year ago. BABSON GIVES VIEWS ON STOCK MARKET Advises Any Investor in Weak Céndition to Sell on All Rallies. WELLESLEY HILLS, Mass., July 4—Roger Babson in his latest market ‘letter says: “Stocks, commodities and labor have been boosted too high and the! inevitable reaction is taking place. This means wise business men will now adopt an entirely different pol- icy in their buying, manufacturing, selling and investing from that which they have followed since Aug- ust of last year. Methods and policies justified two months ago are no longer ‘justified today. Plans of action profitable two months ago will probably not be ble today. “We still feel clhnta are wise in liquidating their stock holdings as fast as the opportunity offers. Of course, it'is unwise to sell on pan- Icky days, but when the market is eady and even a little strong one should liquidate securities. o dif- ficulty 18 on thosé days the naws is always bullish and it is very hard to sell. Success, however. comes from doing the hard things rather than the easy things. —— VERY FEW BAD-ORDER CARS. The condition of the railroads freight equipment is better than at any llme sinoe January, 1921, a statement {ssued by the car_service division of the American Railway Association showing that cni: 2 874, or 89.ner cent of the total, e 1a " RALEIGH, N. C, July 4—Seven road projects, totaling “$2,438,618.1 | have been let to contractors for con- Company Will Buy 125 New Ln.lxtrue(lon, it is announced by the | state highway commission here. Th comotives and Over Six Thou- ‘oumm psion met Jast week to c | st fds which had been roceive sand Cars. jon lv\enl) projects, but thirteen w By the Amsoclated Press. rejected, the bids being considere ’oxum«lve FRANKFORT, Ky., July 4. Equip- ment to the value of $23,335,000 {s tu‘ be purchased by llhh Illinois (‘enlra!w rallroad through the Bank of North | America, and Trust Company of ! Philadelphia. according to an equip- ment lease flled here with the secre- tary of state. The equipment lst includes 110 | Mikado type locomotives, 15 mou taln type passenger locomotives, 125 steel underframe caboose cars, 500 steel underframe coal cars, 3,500 50-ton composite gondola cars and 2,087 cars of various other types. MILLS CLOSE FOR WEEK. CHARLOTTE, N. TO SPEND $23,335,000 — Money to Loan ANY AMOUNT Reasonable Charges on Trade Acceptances, ‘Warehouse Receipts, Manufacturers’ Accounts, Short-Term First and Second | Mortgages or Approved Collater: American Finance Corporation Commercial National Bank Bldg. consisting of two mills here and | one at Rock Hill, S. C., have been | closed down for a week. The mills did not operate yesterday and it was | sald that the closing was in the n ture of a vacation for the employes. An _ established institution t hus not vet its full growth has des the advisability of its capital stock, and 1t offers to a limited number of perxons an unusual epportunity to par- ticipate in ftx prosperity. institution hax pald dividends th preferred and common continuously since organ- ization. No brokers. Address Box 353-K, Star Office. EQUITABLE Co-Operative Building || “ Association Organ:zed 1879 434 YEAR COMPLETED Annetn Surplus Save As You Earn. 1f you make up your mind to save systematically you will omplish much in a finapcial way. Jolu the Equitable. ubsertption for t 85th Issue of Stock Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, President FRANK P, REESIDE, Secy. A Better Article at a Pre-War Price Our Service— RENTS B.F. SAUL CO. Mortgage Loans 1412 Eye St. N.\W. Phone Main 2100 Dean, Onativia & Co. Stock Exchange Building New York COTTON GRAINS COFFEE SUGAR STOCKS and BONDS MEMBERS New York ‘Stock Exchange Chicago Stock Exchange Associate Members of New York Curb Association WASHINGTON OFFICE Main Floor, Woodward Building Office Open Until 5:20 P.M. Phone Main 2040 JOHN CALLAN O'LAUGHLIN CHARLES R. ALLEY Manager Assistant Manager N. Y. Cotton Exchange Chicago Board of Trade N. Y. Produce Exchange 1eapolis Chamber of Commer Min First Mortgage Loans Made On Improved Properties (Including Residences) In the District of Columbia 51/2% Interest Reasonable Annual Curtailments Required Loans for Less Than $50,000 May Be Paid in Whole or in Part at Any Interest Period Without Charge H. L. RUST COMPANY Main 6888 912 15th Street Loan Correspondent for the Prudential Insurance Company of America CAPITAL, SURPLUS and UNDIVIDED PROFITS, $6,166,701.08 Member American Bankers} Association 3% ON SAVINGS Loans and Discounts ...........c.oeuennn Clerks’ Pension Fund Investment ......... Customers’ Liability Account—Letters of Credit Accrued Interest . Sundry Assets Banking Houses, Furniture, Fixtures, etc., Owned MAIN OFFICE, 16th St. and Penn. Ave, Capital Stock Surplus ....... Undw‘lded Profits ... Depusits BRANCHES: ' 1140 16th St. N. W, Tth and Mass. Ave, 8th'and H Sts. N. E. 436 7th St. 8. W, Clerks’ Pension Fund and Income Thereon . Reserve for Interest and Taxes .. Letters of Credit ...coevveegecss Sundry - Liabilities ... vevewesdeoe CONDENSED STATEMENT OF CO THE CLOSE OF Cash and due from Banks ..... o * U. S. Bonds and Notes and Other Securities Money to Loan Becured by frst deed of trust on'real estate. | alling interest aud”commission. Continental Trust Company Capital ne Million Dollars & H Streets Weller 20 “ All” Of Our First Mortgage Investments are placed on the most com- servative valuation; never ha one of our clients lost as much as a single penny in elther principal or intere We coliect and remit interest the day due, furnish insured title certificates. Can accommodate investors with amounts of $250 up to $5,000 or more, bearing 7% in- terest. ““Invest in firsi mortgeges and be safe.” Chas. D. Sager Loan Dept. ) M. 36 924 14th St. f = (o} ST house cent rige charged. Come in and Tet s explain our metiod 6%% and 7% UR First Mortgage Investments will pay you 6%2%and 7% over a period of yeors when interest rates in all prob- ability will be much lower than they are at present. These ‘nvestments bear our unqualified reconunendation---a recommendation that hzs back of it a record of no loss to any investor in 50 years. Denominations: $100, $500 and $1’000, Federal, State and D. C. Tax-Free ’antures Cash or Partial Payments - NO LOSS TO ANY INVESTOR IN 50 YEARS - Call, write or phone Main 6464 today for our-Current Offerings Booklet e F.H.SMITH CO. Founded 1873 FIRST MORTGAGE INVESTMENTS SMITH BUILDING 815 FIFTEENTH ST. AND TRUST COMPAN AIMUEMCAN SECIUIRI[W ; VDITION AT JUNE 230, 12%3. BUSINESS RESOURCES. $3,855,550.49 10,576,033.38 15,375,233.93 50,000.00 134,419.89 J98,455.74 9.132.00 and 'Real Estate 1,691,690.22 $31,890,615.65 LIABILITIES. $3,400,000.00 2,000,000.00 766,701.08 25,413,083.46 53,200.18 122,959.96 134,419.89 151.08 $31,890,615.65 vosae ceven aviee e sesncsne dmane