Evening Star Newspaper, July 5, 1923, Page 27

. B BANKOF ENGLAND | RATE 4 PER CEN Boost Comes After Yearat 3 .Per_Cent " Level=Federal Reserve Board Consulted. By the Associatel Pre LONDON, July 5.—The Bank of Eng- Tand today ralsed its rate to 4 per cent from_the 3 per cent level which had pre- vailed for a year. The-jncrease caused little surprise in- | & asmuch: as events recently had been moving. raplidly toward such action. At the same time there is cansiderable. opinion: against raising the offictat mint- fum:et a time when trade is so bad and when Great Britain's purchases of food .and raw material in the United States and South America must be financed. It was therefors hoped that the anthorities would not have recourse to such a step. The- chief reason for the present’ in< + crease is to bring the official rate_more in line with the United States,. where money. for some time has ruled only one and one-half per cent above Lon- don's. This has induced.American {raders to borrow funds In Lombard { treet, assisting in the depression of American exchange, which s down to 4.55. - 1t Is believed the authoritles took action after -consultation with the fed- eral reserve, thus merely continuing & working arrangement devised and used during and since the war. The Ruhr situation also was evidently | in the.minds of the bank directors. The advance had been discounted in both the stock exchange’ and the money. market, prices on the exchange having | recorded declines on glit-edged securls es during the past few elays, whi'e mbard street had gradually raised: b discount rates against traders. Budapest Raises Rate. BUDAPEST, July 5.—The bank dis- * count _rate was raised from 12 to 18 Per cent today. Washington Stock Exchahge BALES. Capital Traction—3 at 100, Washfegton Ruy. & Elec, com -3 at o, t 61, 10 at . To S6, 10'at 0, 19,10 at Tk "10 ai at fio%, 10 . 10 ‘Moneg—Call loans, 3 and 6 per cent. BONDS. -Bid and Asked Prices. PUBLIC L'TILITY.B American Tel. & Telgs. 4 An-mun & Potomi & It Telephone Telepiane of Va: Hv &"sate Dep. kt. Cold Stori b, 1 vargaifn Park Hotel American Tel. & Telg Capitai - Traction.... W National "B Seeurity Trust Bank. ings & Fruat. Union Trust. e Wash. Loau and Trust. Columbia _ Title. Real Eatate Title.. MISCELLANEOUS, Columbia ‘Graphophone com. Cowymtia ranhophone old Morchants: T4 EXTRA 0IL, DIVIDEND. NEW YORK, July &.—Directors of the -Salt Creek Producers’ Associa- tion have declared an extra dividend of 20:cents a share in lddmon to the ‘¥egular quarterly dividend of 30 | + cents a share, both payable Auguat 1 to stockholders of record July 1§, NEW RADIATOR FIRM. TICA, ™ Y. July 5.—The Rapud ]lc Radiator Corporation, a n ' ganization, will soon begin the ufactiire on a large scale o! and water radiators. The is capitalized at $150,000, Ahug mq - men Wwill be employed at the s L 1415 Eys= lsmwaenmss IN HEAVY SUPPLY' IN NEW YORK Other Fruits Also in Large Re- ceipts—Fair Prices l.uportod. Special m.m- to The 8ta NEW YORK, June 5.—Strawbérries in-fairly heavy supply today. ranged from 10 to W"Ld ne year Ago, berri F ago. straw eold from 15 1030 per quarty day aur- it n: .t;'e rl"’tllpberr 3 fi-nlua to- fl!llon b o nlry \nl Y. i rom Tnt for red and 10 to 13 ot biack. erries were in liberal recelpt. Most of the ofterings cousisted of Sweet varieties. The demand was moderate for sour cherries while sweet s0ld very slowly with consider- able stock sold at a iate hour. Four fous sweet varie- Red, 65 to 80: Oregof ua King: cherries in- b. from" 2.10 to 2.70 per box. &lllorull .Bartiett .pears ibrought 3 50 per box- of about Prunes sold from ashington | 3 Boxes sold I* forty, pound the tragedy varis COMMODITY NEWS WIRED STAR FROM . ENTIRE COUNTRY ATLANTA, July 5.—Georgla water- melons are netting growers hand- some profits according to officials of the South Georgla Watermelon Grow- ers' Assoclation today. Car lots are bringing $750 to $1.000 above’all ex- s of. marketing and the cost of P tion this year is small com- p:rul Witll" that of other frulgy FORT “WAYNE, Indi, July- 5.~The Kendall Motor Products Company has bought all. the property and equip- iment of the defunct Kendall Engineering Corporation, makers of piston rings. The new concern plans to serve old dealers as in the past/and will main- tain a Detroit branch. A program calling for the production of a mil- lion rings a year with other products is projected. SPOKANE, Wash.,, July vesting has already” begun In & few parts of this section. Coplous- rains in the dry farming belt of this state, Where for several years.the crop has been scant, have greatly benefited spring wheat, while everywhere win- |ter grain s in splerdid condition he- jcause of ample moisture in the win- ter months. FORT WORTH, Jaly 5.—Commis- sion houses:.which handle wool for the Texas growers have been Jjecting bids of 50 cents a pound and Over recently. A somewhat similar situation occurred in 1920, when growers received as high as 60 to 78 cents & pound. Many decided to hold their wool. -Later they sold it as low as 10 to 20 cents a pound. However, the 1923 producer is In far better shape financially then he was in 1920. GET $2,000,000 IN WEEK. Virginia Farmers Rushing Potatoes to Market. NORFOLK, July 5.—The farmerk along the eastern shoge of Virgini shipped a dally average of 400 of potatoes t week. realizing 000,000, & we record. e PARIS MARKET FIRM. PARIS, July 5.—Prices were ‘firm on the bourse today. Three per cent rentes, 556 francs 85 centimes. Ex- changé on London, 77 franes 60 cen- times. Five per cent loan, 75 francs 20 centlmes. The dollar was quoted to 1.70 per box ol twenty pounds’ of | S0 5.—Har- | CRUDE OIL OUTPUT STILL ON INCREASE Wuk‘l hnm Show Gain of 14, 900 Barrels—Imports Re- veal Decrease. “| By the Associated Press. NEW YORK, July 5.—The dslly Aaverage gros of_the United States ricréased- barrels for the week ending June. 30, totaling ™ 2,210,350 barrels, as com- pared with 2,135450 for the week preceding, according to the weekly summary of the Ametican Petroleum Institute. Accordlnl’ to figures collected up itute, imports of p?rolflllm average of '176,671, pared with 2,010,000, ‘@ daily average of 287143 for the week ended June 23. Re- ce:ru ‘of California ofl (ctude and refined oils) at Atlantic and gulf 55 average of 165,000, a a dally average of week ended June 23. JUNE FAILURES FEWEST IN LAST TWO YEARS' By the Assoclated Press. NEW YORK, July 6.—A' total of 1,378 business failures in the United States in June, the smallest number for any mont is proot that slackness in certain line of trade has no effect upon gen- according to Brad- 1,3l 93.714 for lhe eral conditions, street's. In the first six months of this year there were more than failures. a decrgase of ten under. uxe otal for the six months preceding. -~ SEE LARGER HOG SUPPLY Anlen!tnre Deynmcnt Report on Outlook. The commercial supply of hogs will be as large this year as that from the spring ¢rop of last year. ac- cordigg: to Indications in (he semi: annual ‘speclat swine report- of the Department of Agriculture. An ‘increase of 9-10 of 1'per cent in"the number of pizs saved from farrowings in the six months ended June 1, as compared with the number saved In the same period last year, was lndlo.\led in the report. * For fall pigs, hog raisers have ex- pressed an intention to breed -28.3 er cent more sows than farrowed ast fall..-If expressed intentions are carried out the fall crop this year, which will’ be marketed next sum- mer, will be larger than that of last year. Expon- NEW YORK EGG PRICES. NEW YORK, July 5.—Eggs—Firm: receipts, 20,851 cases; fresh-gathered extra s, 27%a 250 26%; Now Jersey hennary WhR!L lo- cally selected extras, 44; nearby hen- nery whites, locally Mlsc(ed extras, 41a42; state, nearby and western 'hennerv whites, firsts to extras, 32a arby hennery browns, Pacific_coast whites, . Cheese—Easy; recelpts, pounds. BAR SILVER QUOTATIONS. LONDON, July 5.—Bar silver, 31d per ounce. Money, 2 per cent. Dis- count rates—Short bills, 3% per cent; three-month bills, 315a3% per cent. NEW YORK, July b.—Bar silver, 62%; Mexican dollars, 48. LEAD $RICES AGAIN CUT. extras, extras, 143,103 NEW YORK,: July: 6.—The- Ameri- || can Smelting and Refining Company today reduced the price of lead from 6.65 10 8.50 cents per pound. Out of all the tiredealersin thistown, only wefewareau. thorized Goodyear Dealers. No other dealers have themselves,-as we have pl our- selves, to give theirev customer standar As Goodyear Service Stasion Dealers we sell’ recommend the new Goodyear Cords with the beveled All-W eather Tread, and back them up with standard Goodyear Sertice Sherman and Flonda Aves. Brookland Garage 1000 Michigss Ave. N.E, Emersen & Ovme 34-Hour Tire lm M 8t N.W, a Auto wn un l( 0.' llfll nu lt. xw. 7 Pnu';n':’ .A,"v n' Gish G.l?‘ 17th and U Sts. l." 23, W, Hi # 4328. Wiscopsin Ave. N.W. rk, Md. Ine. Perry 8, Marti, 8125 Nichols Ave. Mid-Wash! Serviee Co., 1602 14th St N.W. Model Tire and Ba 1817 Nichols, Ave. Model Auto Suppl: 0.. 7 H st fl.’ Mt. Vernon Aute l-vlJ 1232 Pennsylvania Ave. N.' J. A, Norris 6th and Maryland Ave. B.W, crude oll production | In& 4,90 FREIGHT CAR LOADINGS ° -EXCEED 1,000,000 MARK Third Week in June Shows Total " Very Close to Highest Rail- road Records. Loading of revenue freight for' the ‘week ending June 33 reached a total of l.og.nu cars, a decre, e ol IEIl e the same week last yur l)" !’l more than in the cemlW'\d- period two years ago. This mrkld n.. third. excess of 1,000,000 car: fourth thus far this yeas The report by the car service divi sion of the Americna Rallway As clation -nowad that the total for and the cr'.le of 8.5 per cent. In the south- ern district the increase over last ear amounted to 3.2 per cent, while i’ ths east the loadings. were 19.8 per cent above 1922. recorded” in the merehandise and miscella ght and coke as Compared with fhe previous week, while loading of grain and grain products. forest products, live stock and ore registered Jnere: DU PONT TO HEAD BANK. BALTIMORE, July 5. man du Pont will head newly organ ized American ‘Bank and Trust Com- pany in Baltimore, with capital of $7.580.000 osit agoounts Four . Soda " Foun- tains where you can get the best service . possible during the moon lunch hour Every: fountain is, quipped with the latest time-saving de- ~ vices, and experienced soda men. 10c 15¢ 10c A large aswrtment of Homemade l OC wiches. mlflr fresh daily .. Ice Cream Soda, with whip- ped cream Sundae, with whipped cream. . ‘Fresh> Frujt Lemonade, Lime- ade and Orange- 2 cakes Ivory Soap....16c 2 cans Old - Dutch 2 cakes Palmolive Scap.20c 50c Vivaudou's Mavis ‘Talcum 39¢ Heavy Turkish Towels 3for 98¢ 49¢c Folding Shopping consecutive week during which -loadings have been in e | tracts with producing companies. |NEW RE_STKIGTION_S IN OIL PURCHASING Move by Standard 0il Compamy Arouses Wide Interest Among . Dealers. By the Associated Press. NEW .YORK. July-5,—Considerable interest has .been manifested by oil men here ip- the decision of the Standard Oll Company of Galifornia to restrict purchases of crude ofl to maximum quantities specified in con- It had been the practice of the com- pany under normal conditions to ac- jcept all ofl oftered from wells cov- ered in its contracts, but in April it was' found necessary to cut oft 35 per cent of such excess deliveries. Last week the company-made a fur- ther cut of 50 per cent of all excess dellveries, and the present action re< stricts ail™ deliveries to contract maximumg. The Humble Oil and Refining Com- pany has reduced the price of gulf coast crude oil 25 centa a barrel, post- grade B —— MULLICA HILL, N. J.. July b.— Drought has reduced the ¢arly potato crop in New Jersey by 6,000 cars from the bumper yield in 1932. The yield is runnihg as low as ten-barrels to the dor 604 9th St. —is of importance to every ing $1.50 for grade A and $1.25 for CHEMICAL PRICES:DROP ; 2 PER CENT IN.JUNE NEW. YORK, July. &—Duwing -June chiemical pricea:geclined on an! avers age of 2 per cent, bringing quota- tions for- industrizl "chemicals to-the lowest point o far this.year, ac- cording to Drug! and Ch. kets. “Takem: all publication, year has very —tllhctorv Business consummated by Ameriosn; makers during this perlod was lar while importers also- sent .fair of chemical products into consumin, channels. The slump in--May- an June hit the seller of. foreign good much harder than ft did ank; jean maker. Trade leaders belleve that the corner' of tke present .dutf period has been turied and that busi- ness in_the second half of the vear will be better than In the initial half. Buyers’ supplies are smail” TODAY'S BUTTER PRICES. CHICAGO, July 5.—Butter un- changed; creamery extras, 37; stand- ards, 36; extra firsts, 35a36; -firsts, 33a34; seconds, 32a32%. Eggs unchanged: receipts, cases; firsts, 21a21}% 19a20; miscellaneous, pack extras, 23%aZ4; firsts, 23a23% GETS $1,000,000 ORDER. | YOUNGSTOWN, Ohio, July 5.—The 16,636 ; storage storage pack July §. — The Tecord is or tve records of in (ke vear. Groas of 12,948,542 was the second highest in T340, sxoaeding Cater estimates 3143841 and May; 1922, by, $2.10 3 9, ‘or' 19.42 per cen uu n ond only. to March, totllln‘ Nlu 0, Aguinat estimate of §3.300.- 00D, ; Galn over last.year was $771.- 398; 5820 Doy cant: More detailed examination of the fl:uru reveals a -healthy condition n each - actount. Freight revenue an-advance of 31,607,602, or e;‘l»mpw cent;-while passenger recaipts tinued to- gain- in larger degree than in sone other sections of the | country, increasing $300,113, of 12.43 ver cent. TRADE CONGRESS PUT OFF. NEW YORK, July 5.—Postpone- ment of the Southern Trade Congress convention here from July 9-11 to Qetober §-41, was announced today. Two. Americin. trade commissions, one to Panama, November 20, on in< < tation of ‘the Panama government, and one to, Greece and the Meditei ranean countries on Invitation of th GreeK ~government October 15, now being assembled by the con- gress. N Youngstown Boller and Tank Com- pany has recetved an additional order | for thirty- 55,000-gallon tanks from | the Corsicana oil flelds of - Texas. | Total value of ordér exceeds $1,000,- | 0 \___”/ See the large list of PINEAPPLE CROP SOLD. HAVANA, July 5 (Special).—The Cuban pineapple crop, which has just been marketed, amounted to between 3.000° and 4,000 carloads, or about 19 per cent above that F bargains and you can be sure that you will find exactly what you want, at very low prices. You have also the guarantee that goes with everything that is bought -at any of our four stores—Satisfaction. Look this advertisement over and you will agree with us that it is truly 3 wonderful No. 15 Pint Corrugated Nickel Thermos Bottle Delicious—Fresh Lb. Box 49c 2-lb. Box 95¢ Home Remedies Lowert Price Ever 29¢ Veltex Double 4-0z Bottle Castor Oil. . . 15¢ One pound Epsom Salts. .7c 3 ounces Spirits of Cam- phoe <. 5800400 One pint Glycerine. . 4 ounces Glycerine. . .. 3 ounces Iodine. . .. .. ..25¢ ..49¢c .15¢ ..25¢ 26 Mule Team Boric Acid, half lb. ... 4 ounces Fluid Extract Cascara Sagrada. ....25¢ Witch ‘Haze), pint. .. ...35¢c Crude Carbolic Acid, pt.20c . Dobell’s Solution, pint. . . 15¢ Rochelle Salts,1b. . . ... .39¢ Cream of Tartar, 1b. ... .49¢c » - TALCUMS Williams' Ro3e Talcum, 15¢ ‘Willlams® Lilac Takum, 15¢ ‘Williams® Carnation. ....15¢ Williams' Iridesca Tslcum.“ c Johnson’s Baby Tdcm 17¢ Mennen’s Talcum. “ Mavis Talcum ... Three Flowers Talcum, 3¢, Coty's L'Origan Talcum, 69c .Coty’s Paris Talcum... .69 | Houbigant's 1deal Tllct_lgn 6% Homemade Candy Half Ib. 25¢ Extra Special Six Cakes Palmolive Soap SOAPS Woodbury’s Soap, 3 cakes for 85¢ Resinol Soap ...18c Packer’s Tar Soap ........21c Cuticura’ Soap.:18c__ Roger & Gnl!ot” s Sandal Wood Soap;. 3 cakes for $1.00 15¢ Williams’ Magnum Soap_ 3 for 25¢c - Colgate’s Blg Bnlh Soap, 95c a dozen cal(n Shaving Requisites SOE Mennen’s Shaving - 351‘:: Mem'n;'a. ‘.S‘hvmg ..29¢ 3scCrP.h°h“ Shlnnx 35¢_ Williams’ Slnvfnx Crenm, Stick: lnd Du:ett’a & anldell « Shaving Cream...2lc ' Colgate’s Shvmz' ‘ Cream, Stick or Pow- der = 35¢ 35¢ Shaving Brushes 25c to $4.98 We Guarantee This to ‘Grow Hair -- Here is a new scalp Mut which we guarantee in wrlha will on ‘a three- row_hair in 90 days foifs treatment, Patented rubber applicator feeds e treatment directly to the roots of the hair. Massages the scalp at the same time. It eradicates dandruff and et falling hair to0. . The manufactur: ers mnnu. itl Ask us aboul . VAN * Price “Hypo-Co'd $1.00 L'Origan Compact In Black Box Special, 79¢ Holland Society ‘The Peer of Them All 2 for 25c. Box of 50, $6.00 Box of 25, $3.00 80 in Cedar-lined Humidor, $6. ,Edm,#d Burke, Perfectos s r 25c. Box of 50, $4.00 Box of 25, $2.00 % _La:iGarcita, Perfectos Box of 50, $4.00 3 for 25c. Box of 25, $2.00 Greater Union, Perfectos Sc each. Box of 50, $225 ) Box of 25, $1.25 are | St., Cor. 12th 10,000 LABORERS NEEDED T0 HARVEST GRAIN CROP Special Dispatch to The Star. ST. PAUL, Minn,, July 5—With an average grain crop virtually assured, the northwest now is facing the dan- ger of an acute farm labor shortage. It is estimated today that at least 10,000 laborers must be brought into the states of Minnesota, North and South Dakota and Montana to - as- sure the adequate handling of farm produce this season. Some grasshopper damage has been reported from Montana, but in gen- eral conditions are excellent. Little rust damage is expected because of the protracted period of cool weather {50 far this season WESTERN MARYLAND GAINS. BALTIMORE. July 5.—During May the Western Maryland earned gross $2,133,409, against _$1 z:u operating income $4 $182,770 in 1922, months of the company was § 814,873; net operating income $1.873.- 311, against § 87 in the same period of last year. BUICK SALES HEAVY. | DETROIT. July The Buick Mo- | tor Co: *s production for the fis- | cal yea ending August 1, 1923, will t 1 approximate 200,000 automobiles, 15,000 beyond previous estimate. Actual sales for the first five nionths of the calendar year total approxi- mately 96,000 automobiles. This in- cludes the sales of the Flint, Detroit and Canadian plant: Kodak as You Go Everywhere you go at this time of the year you. find some scene, or plant, that you would like to per- petuate in your mind. Keep a picture of it and you will always be able to see it as it really was. If you bring your exposed films to O’DONNELL’S you are assured the best results possible. Styptic Pencil French Lilac Lotion. .. $1.00 One doz. Gillette Blades, $1.00 Value S?E Special, $1.29 Florence Keepclean Hairbrushes Special 59¢ Hamersley Roll Heavy ‘Waxed Paper 125 ft. long 12 in. wide - rettes always on -- ‘well known low p: 42¢ ’ ‘Pa.te'nt Medicines Tanlac ...... Syrup of Figs Phillip’s Milk of Magnesia, 21¢c “Nujol....%..........49c and 83¢c Caldwell’s Syrup of Pepsin, 45¢ Pierce’s Favorite Prescription.92c Pierce’s Golden Medical Discovery. . Bromo Seltzer. . .23¢c, 43c and 89¢ ‘Eskay’s Neurophosphites, 89c and $1.49 Lydia Pinkham Vegetnble Compound Wampole’s Cod Liver Oil. Ovoferrin .....ooovvvnee R R ~ Tooth Pastes, Powders, Liquids " Kolynas Tooth Paste....19¢ Pebeco Tooth Paste ...Pensodent Tooth Paste, 39¢ Forhan's Tooth Paste, 43¢ “lpana Tooth Paste Pyroseptine Pyo;rhn Remedy Listerine Tooth Paste. 25 Antacid Tooth Paste...50c Cllox 'I'ooth Powder, 21c, 3%¢ Lyna “Tooth Powder....17%c Revelation Tooth Powder, 29¢ Colgate’s Tooth Powder, 20c, Listerine Antiseptic Mouth Wash, 23c, 39¢, 73¢ Lavori: .21, 42¢, 79¢ Glyco-Thymoline . 23c, Our Leader Fountain Syringe Two-Quart Special 59¢ Gillette Gold-Plated Safety Razor Former Price, $6.00 89¢ 75¢ Household Rubber Gloves and 42¢ $1.39 and 89c .92¢ "Olin Oll uul Vmogn- und Salt Combined, W‘ll&ulon Leather to Your Mmd).