Evening Star Newspaper, July 12, 1923, Page 27

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Why let them add age to your face and rob gau of ess? our charm and attractive- gornino Wrinkle Cream—the sensational new beauty discovery— will quickly rid you of every wrinkle mnd tired line. It is positively guar- anteed to do so, or its small cost Wyill be instantly refunded. This new sclentific discovery ia entirely dif- ferent from ress Bagednt oream inta the wrinkls o be ra. Smoved, let it remain for & short while, then Jemove it. And as if by magic each lne— from the tiniest tired line to the deepest meated wrinkle—is gently and painlessly Tifted away, Tevealing a new, fresh and’ won- derfully youthful complexion. ~You will be astonished -at the results brought by the very first few treatments. Why let unsightly lines spoil your whole ap- pearance and youthfulness whan they can now be removed o quickly? Get Domino Wrinkle Cream today. ~Your money instantiy refunded if not more than delighted with **Ger'it at your favorite stors today. 1t they naven't it in stock, send one doliar ($1.00) lus ten cents (10c) postage to Domino House, ;‘0 Bouth 9th Street, Phila., P DOMINOC WRINKLE CREAM B COPPER FRNS TALKING NERGERS Market Conditions and Plans to Cut Costs May Cause Great Changes. BY J. C. ROYLE. Special Dispateh to The Star. NEW YORK, July 12—As a result of the present condition of the mar- ket for copper, mergers of mining properties now are understood to be {under consideration, which may in- volve more than 25 per cent of the | entire vearly production of the United States and South America. Copper inquiry has been much more active this week, but the con- | tinued low prices have failed to stim- |ulate buying although consumption |18 heavy, and third and fourth quar- {ter requirments of manufacturers re- {main to be filled. Buyers are hang- |ing off in the hope of securing still | more advantageous terms. Many Merger Rumors. | This condition has given rise to | numerous rumors of tremendous con- solidations. It is known that one of the largest financial institutions in New York is working on details of a merger which involves many of | the large producers of the southwest The Phelps-Dodge mines, Chino, Ray a Nevada Consolidated, - wd Arizona, Calumet and | Hecla, and Inspiration have been {mentioned as possible parties to this ger. | 1t is possible that all the proper- {ties might be included in such & pla but it is probable that too many have been named as possible partic- ipants. Copper authorities both here 1d in Boston. Denver and Salt Lake {City are inclined to doubt whether so0 large a consolidation is feasible or | wdvis: though they admit that | big combination might tend I late production and stabilize the market | { et that the com- so radically pe of organ- They feel, however, anics mentioned are { different in personnel hd mining o ttered that not come from their Saving in_cost of production would 1 largely to administration expenses which are relatively unim- portant items. Moreover, different kinds of copper ore are produced in the mines in question. The Lake Su- perior ¢ r is found largely in its rativ of the Arizona copper sulphides, inder of the proposed omposed of the porphyry be limit while ‘the re: group fs properties Widely different financial Interests would have to be brought together. The Cole interests which are back of Calumet and Arizona are compet- itors of Calumet and Hecla in Mich- igan. The Anaconda group already owns a substantial interest in the Inspiration and Greene Cananea com- panies which it {s doubtful if they would wish to release to a new com- bination. Nevada Consolidated. Ray and Chino are controlled by the so- |called Havden-Stone interests, which |are already committed to the Utah | Copper-Kennecott combination. The {amalgamation of these interlocking {Interests is always possible but not | probable. | What Merger Would Men: If, however, such a merger as men- materfalize it would bring togeth a group with a pro- { duc city of about 865.000,000 ‘ymund* of copper a year. Th com- {pares with about ,000,000 pounds produced by the Anaconda-Chile | group and 514,000,000 pounds by the | Utah-Kennecott-Braden group. It fwould mean that about 80 per cent of the copper production of the United | States and South America would be controlled by three concerns instead jof being split among numerous ! smaller producers The rumored merger, however, of- ers no opportunit keep the South American output, hich is produced much more cheaply than that of local | mines, off the world market | Copper men believe that a merger | ot the Phelps Dodge and the Hayden- { Stone interests, including Inspiration, Ray, Chino and Nevada Consolidated, stands a far greater chance of success. Electrical Trade Booming. The trade in electrical goods 1is booming, however, and 1923 bids fair to be a banner year for manufacturers who use copper so extensively in their products. General Electric {s running at an annual_rate of about $360,000,- 000 a year. Western ctric is more active than at any time in its history, and Westinghouse bookings from April 1 to July 1 totaled over § 00,000, No severe falling off in busi- is expected during the remainder |of this year. About $600,000,000 will | be spent this year in electric power | line extensions and the surplus stocks lof copper are down now to where they would not cover two months’ require- | ments of consumers. | $2,000,000 Electric Line Planned. HOUSTON, July 12 (Special).—Con- | struction _of “the Seaboard Electric Rallway Company’s lines to Seabrook, on_Galveston bay, which will serve i industries along the ship canal and bay shore resorts, will begin October 1, it was announced today. The com- pany has been capitalized for $2,000,- 000 ! i i i i i | | | tioned were to nes ‘Will Build Costly Hotel SAN FRANCISCO, July 12 (Special). Financial _arrangements have ju been concluded which will assure a new $2,000,000 hotel to Sacramento, to be known as the Hotel Senator. The project will be backed by San | Prancisco and San Joaquin valley | business men. Worry Over Buslness Outlook. | ST. PAUL. July 12 (Special).— Wholesalers and jobbers here report that country merchants are buying conservatively and in small lots and the fall business outlook still {s dublous. Prospects will improve with a good harvest and crop conditions are excellent over the northwest, ex- cept in small isolated areas hit by hail or grasshoppers. Collections are better than a year ago. WHOLESALE BUYING DULL. NEW YORK, July 12.—Although more buyers for out-of-town retall stores are in the local wholesale mar- ket than a week ‘or two ago, there has been but Mttle improvement fn wholesale trade. The buyers now in town are spending more of their time sizing up the situation and trying to get a general line of prices than they are in actually purchasing goods, according to some sellers. The buyers are reported to be more insistent than ever that prices be lowered and are making bids for special lots of merchandise at prices that the wholesalers assert are un- profitable. o From conversations with buyers in the market it is belleved that retail stocks in general throughout the country are low. LOCOMOTIVE SHIPMENTS. A statement made yesterday by the Department of Commerce reports shipment of railroad locomotives from the principal manufacturing plants during last month at 232, of which 221 were for domestic account and eleven for shipment out of the coun- try. This compares with 23R shipped in the previous month, of which 228 were domestic and ten foreign, and 114 in June of last year, of which sixty-seven were domestic and forty- seven forelgn. Unfilled orders on hand at the end of last month totaled 1,854 domestic and 104 foreign. PARIS BOURSE UNSTEADY. PARIS, July 12—Prices moved ir. regularly on the bourse today. Thri per cent rentes, 56 francs 10 cei timas; exchangs on London, 76 frands ¥ 95 centimes; five per cent loan 75 francs 15 'centimes. The dollar was Quoted at AG Aramcs 76% oentimes, - THE._EVENING STAR, WASHINGTO! COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY SALEM, Oreg., July 12.—Trial ship- ments in refrigerator cars are going forward today to Pittsburgh, St Louls, Chicago and Kansas City, in an effort to find & market for the tre- mendous surplus of loganberrie grown in western Oregon and Wash- ington. The new acreage just com- ing 1ntd full frultage has resulted in an unprecedented productiop. EAST ST. LOUIS, July 12.—Berries, fruits and vegetables in southern Illi- nois have been greatly benefited by rains. The dewberry crop is one of the largest on record. Prices to farm- ers are 50 cents a gallon picked or 25 cents on the bushes, BOSTON, July 12.—The mills of the B. B. & R. Knight Compuny. con- trolled by the Consolidated Textile Corporation, were closed today for the remainder of the week. The rea- son assigned was poor business con- ditions. HOUSTON, July 12—O0il producers in the coastal flelds are commencing today to store ofl, owing to the cut by the Texas and other companies to $1.50 a barrel for crude. NEW ORLEANS, July 12—Unfilled lumber orders on hand this week at the southern pine mills aggregated 246,196,932 feet, compared with 316,- 790,000 Tast year. ATLANTA, July 12.—Retalil clothing houses in the southeast are making new_ sales records for the summer. W. W. Orr, president of the George Muse Clothing Company, said today that the sales of the last month have been the largest ever. FORT WORTH, July 12—Kansas growers are shipping hogs to this market today because of the high prices here. Some Kansas hogs have brought 50 cents a_ hundred pounds above the Kansas City prices in the last few days. ST. LOUIS, July 12—New wheat has begun to arrive in small quanti- tles two weeks late. The Missouri, Kansus and Texas rallroad reported today it had 2,000 cars stored at con- venient points. MEMPHIS, July 12—Cotton grow- ers in southeastern Missourl, Arkan- sas and parts of Tennessee and Ken- tucky have brought negroes from farther south to work in the cotton flelds, but have not been able to keep them. Free transportation by ralil- roads is held responsible for much of the northern migration of negroes. SPRINGFIELD, Iil, July 12.—Illi- nois coal mines are running on ex- tremely short time this week, with demand very light. Eighty-three re- porting mines produced only 727,161 tons in the last month PRODUCE SHIPMENTS ARE LIGHTER THAN YEAR AGO But Fruits and Vegetables Are Now Catching Up With Sea- son, Reports Show. By the Associated Press. CHICAGO, July 12.—The national supply of frults and vegetables s catch- iDg up with the season, according to a statement issued by the United States bureau of agricultural economics. The supply during the first week of July however, was still a thousand carloads less per ‘week than last year. Reduced acreage and unfavorable weather have lessened the output of most of the truck crops. The week's movement was 13,722 cars, compared with 11,772 the week before and 14,607 a year ago. A heavy increase in the marketing of melons was & feature. On the other hand, the peak of the early tomato movement Naé Dassed, with the total below last season. Most lines of frults and vegetables still are higher than a year ago, not- withstanding that prices declined’ after the holiday. Peaches, tomatoes, canta- loupes and melons selling lower. Pota- toes wers an exception, advancing sharply under genorally light supply. FREIGHT CAR LOADINGS HEAVIEST FOR ALL TIME Railway Assoclation Reports for the Week Ending June 30. More cars were loaded with reve- nue freight during the week ended June 30 than during any other single week In the history of the transpor- tation industry, according to the car service division' of the American Rail- way Association. The total, 1,021 cars, was 3,231 cars greater than the record week of October 14, 1920, the total at that time being 1,018,539 cars. The week of June 30 was the fourth consecutive week that the million- car level hag been reallzed and the fifth week this year. Increases were noted over the preceding week in loadings of all commodities. HARDWARE MARKET SHOWS FEW CHANGES NEW YORK, July 12.—Hardware Age says: The general tone of the hardware market throughout the country is comparatively quiet. Re- tailers are buying for immediate re- quirements in small lots. Fall busi- ness now being booked by whole- salers is reported to be fair in vol- ume, although the number of fall orders that have been placed ls com- paratively smaller than the early future spring business booked last winter. Contrary to the expectations of many retailers, few price changes were made effective the first week of July. —_—— PLASTERER SHORTAGE EVEN AT $14 PER DAY Special Dispateh to The Sta: ST. LOUIS, July 12.—Frank Bovd, secrotary of the Contracting Plas- terers' Assoclation, sald today there was & shortage of 100 men in that trade here despite the recent advance in wages to §14 s day. It is feared that bonuses will be offered unless the shortage is relleved. BERLIN BANK REPORTS. Enormous Increase in Marks’ Turnover Noted. BERLIN, July 12.—The Deutsche Ban annual statement shows an in- crease in the general turnover from 2,125,000,000,000 to 19,383,000,000,000 marke. The quick assets total 495, 184,000,000, the deposits are 607,143, 000,000, and the balance of profits 5,- 964,000,000, after writing off the premises and fixtures at 965,000,000 marks. The bank is placing to the reserve 3,000,000,000, paying a divi- dend of 300 per cent and carrying forward 85,000,000 marks. EX-DIVIDEND TABLE. mo | Sesmmpen 33883338 ot WO 7 IS $ LR EELE GASOLINE DENAND | SHOWS BiG JUNP: Over 6,000,000,000 Gallons to Be Required for Autos Alone This Year. By the Associated Press. NEW YORK, July 12.—A survey Just completed showing 13,048,128 mo- tor vehicles registered in the United States on July 1 of this year. indi- cates that more than six billlon gal- lons of gasoline must be supplied for automobliles alone this year, accord- g to the weekly summary of the American Petroleum Institute. The ain in the number of cars is 2,440,- 000 over July 1, 1 , and 683,751 over | the high mark of December, 1922, The | estimated gasoline consumption by motor vehicles last year was more than five billion gallons. Nine years ago motor cars and all other consumers of gasoline called for ' the manufacture of less than one and | & half billion gallons of gasoline. | The gain in output, invoiving multi- | plied refiniag facilities, has also been accompanied by a growth of marke ing equipment, which makes gasoline more readlly available to the motor- than when requirements were on a smaller scale, the institute says. The daily average gross crude oil production of the United States d creased 11,200 arrels for the week ending July totaling 99,150 bar- rels, as compared with 10,350 for the preceding week, au ording to the weekly summary of the institute. The following changes were report- ed in crude oil prices for the major districts during the past week: Brad- ford district, Pennsylvania, reduced cents a barrel t All other Pen nia grades reduced 25 cents to Gulf co reduced 25 cents to! bagrel Midcontinent re- malned unchanged at $1.10 to $2.20. According to figure collected the institu imports of (crude and refined S for the by petroleum ils) at the princ month of June to- , a daily aver- 66 barrels, compared with | 6,981,000, and a v average of 225.- 193 barrels for the month of May. Im- ports at the principal United States ports for the week ended July 7 to- taled 1,969,000 barrels, a daily aver- age of 281,286, compared with 1,236 000 barrels daily average of. for the week ended June 30. STREET RAILWAYS MADE BETTER RETURNS IN 1922 Although operating costs of street railway systems of the United States | are still high, the reports of 225 roads for 1922 show a total net income of 80, compared with $22,852,418 to figures that have made public by the American Electric Railway Assoclation. These companies operate 21.484 miles of sin- gle track, of which 13,679 miles are cities and 7,505 miles in interurban | territory. A comparison of the operating costs of 1922 and the previous vear for roads shows a decline of the operating | tio from 54 in 1921 to 72 in} With the upward trend of ma rials and labor cost since the first of this 3 ted out, the| vy have difficulty in | ntaining such a ratio this year. Increased business during the last three or four months of 1922 was in- strumental in running up the gro: income of the railways, it is shown, because increased business means more and more laborers riding to| work, as most of them, for economy. despite the faot that they may own | automobiles, ride to and from their work on street cars. On the other hand, the Jjitneys, which at one time operated when and where they pleased with little regula- tion, and often with little attention to their overhead cost, have been re- | ed buses, most of t competition with ng street car lines. Even tho. do compete directly with the street car lines are belng conducted | on a scale that takes into account the | replacoment cost of the automobile, and therefors this business is being done at a higher rate. Washington Stock Exchange. 000 at 933 Washington Capiral < §3.000 at 97 tal Trac AFTER CALL. Capital Traction 5s—$1.000 at 967, $1.000 | $1,000 at 97, $3.000 at 97. 515 Money—Call loans, 5 and 8 per cent BONDS. Bid and Asked Prices. PUBLIC UTILITY. American Tel. & Telg: American Tel. & 15t Am. Tel. & Tel. ctl. Tel. & Tel, tr. 5. conv. 6s. Anacostia & Potoma & & B Teleplone Se City Georgetown Gas 1st Metropolitan K. R. Potom: ist Gs) Potomac cons, 5 deb. Bs... : o1 - esig y 2 STOCKS. PUBLIC UTILITY. Capital . : CGofumbta. : Commereiai ‘1o _, 3 } 1 90 Farmert Federal-American Liberty hai ?\"c’fon-_} avings ynlon Trus g\?ll:. Loan BAVINGS BANK STOCKS. oot Bt savings Bank, U, 8. Savings Bank.. Washington Mechanics.... FIRE INSURANCE STOCKS. Ameriean _Fire Insurance Aeotan Fire Insuran o owenrs. Fire Insurance Riitioas1 Unlon Fire Insuranc TITLE INSURANCE STOCKS. bla Graphophone com. u::hh Graphophone pfd B Paer. pta. Tras POTATOES, 102 55¢ | rot; LEMONS--45¢ N, D. C, THURSDAY, JULY 12, 1923. Cooking Apples New Crop is now coming in. See the fine apples we are offer- for 10:89c¢ Clicquot Club Ginger Ale Root Beer Bottles 2 5 C for Per Case (24), $3.00 No charge for containers Cake Special We have ordered 4,000 delicious Sponge Cakes delivered to our stores for this week-end sale. To see one is to buy it. Pe 25¢ Cake SUGAR e WASHINGTON FLOUR 5-b. trial bag. . 25c 12b. bag. ..... 53(: 24-1b. bag.. . $ 1 .05 Supremely good sandwich meat—a surprise in quality. We have made this very low 15° ey “CRYSTAL WHITE” 55z Cifikesz SC Peet Bros. Fine White Soap for all laundry and cleaning work. or LIPTON'S TEA =555 i 2 () QUEEN OLIVES2= 1 D3 KEYSTONE iz PEARS Can 2 Sc A large sized can of Fine Bartlett Pears. We suggest that at this price you take home a dozen cans or a full case. Canned Meat Products Are Ideal for Summer Meals ANOTHER NEW STORE OPENS SATURDAY 61st & Dix Sts. N.E. On the street car line at 61st Makes Iced Tea Bizet Brand “Sanitary Butter” The “Quality”’ Butter ' In addition to the regular packing of one pound prints, we offer cartons of one pound containing four (4) pieces, of one-quarter pound each. The latter size is ideal for cut- ished to please. PG A5 E Sdc T g % GREEN BAG COFFEE & 25¢ BUDWEISER &=""+1:2 |G & G S s, Boo Brand Root Beer Extract]5c BANQUET TEAY%: 2% Ib., ; Hire’s Root Beer Extract......]19¢ 151b.,45¢ | Hire’s Ginger Ale Extract. ....]9‘; Place a can of Libby’s Veal Loaf on ice until thor-| A popular prod- hly chilled.juct for picnics. ’?‘l}‘gn' slice and|Libby quality will serve with trim-|please whenever Serve Libby's Corned Beef cold; cut in slices, gar- Drink Our Per Carton