Evening Star Newspaper, July 13, 1923, Page 17

. THE BEVENING STAR, WASHINGTON, D. C. FRIDAY. JULY o —_——_—_ e ———————— ———— e - ! | : ands of dollars to cotton buyers and | thelr clothing ripped and collars and |will be sucked down {nto the exhaust | the dictaphone service. They can sit - AMERIEANS BEARD J|NEW VIRGINIA POWER NEw Bfl UN “PII” ey e toeh e at the bottom of the pit and find An[comfofl-nl?ly st their desks in ipelr INITIAL DIVIDEND VOTED. | | The “pit” of the New York Cotton| The mew “pit" measures thirty-one|®X e roof of the exchange. |offices, several floors below the ex- | i BONDS PUT ON MARKET Exchange, which is located on the | feet across at its outside. It is sunk ‘Wil Rush Quotations. |iCixdEe Exaaicoliom the frend af tho | NBW, YORK, | July 13 —An initia NEW YORK, July 13.—A new issue ningteenth floor of the new bullding | about five feet below (ihe level of| The center of the pit will also be [0 DY, Moghs Of af ARBMACIALOr | aivigend of 214 per cent on the pre (of the Virginia Western Power Com- CEL Cor dndincluding W'R “ewboids e and cry their bid and ofter prices. m has bees 3 . . . $ Sons & Co., West & Co. and Coffin & £ : |Installed in the center of the pIt|them diregt to the New Orleans ex-| Miss Elizabeth Lorraine Wooster, rectors sise” o P - | Burr, Inc. The bonds are dated July jons to Be in Last Word in Sanitation. | which will draw out dust and germs |change and to cable operators, who |former state superintendent of bublic | per cent. imtercet on the romise Strong, Fair Com 2 1353 ana due July 1770537 ;New York Quotations t The “Pit” of the old exchange. on|gs the members stand about shouting | will keep Liverpool advised of the |instruction and the firat woman to be | Dt Ser meare b aimetne ¢ o nin Weste ver Com- e the site of which the new one is|their blds across the ring. If Broker |New York market. |elected to u state office in Kansas, is 3 petition at Luncheon on pany: Sipoutcompletieniotitheiprouent | New Orleans Only Ten bullt, during & feverish market re. |John Smith has a bad cold and coughs | Cotton brokers who have offices in | heins urged T teoliro iy fansas, Is | The preferred dividend, announced Leviathan. Seconds After Sales. convenience for the speedy tran deaden’ the sound and insure sure reporters will repeat the quotations |offices in the exchange building to|by directors of the Hudson and Mu: pany is being offered at 856 and in- | terest, to yield 63% per cent, by a syn- dicate headed by Edward B. Smith & | tion of business. Four hundred footing, run around the pit, &nd it as fast as the brokers gatherea COPSult the ticker, for the dlctaphone the 450 members of the exchange can|{s on these steps that the cotton |around the ring make them. The Wil ainounce the quotations to them gather around the “pit” in comfort | brbkers stand from 10 a.m. to 3 p.m. | A powerful exhaust system has been |telegraph operators, who will send hattan Railrond Company, wh | erates a double-tube tunnel under _the Hudson river con W York and New Jersey. dictaphones will flash the prices to | Virtually instantaneously S sembled a bargain counter rush, in|and sneezes as he cries out “Sixty |the fourteen floors available for such |porters to become a candidate for the |as a semi-annual payment, is at the e Which brokers often merged with cents for October” the Invisible germs tohancy will also have the benafie of ' ovarmorshi o of b per cent ing a population of 65,000 along the main line of the Chesapeake and Ohlo —— I rallroad from Hinton, W. Va. t o By the Associated Press. Charlottesville, Va., and from Clinton | Special Dispatch to The Star. % SOUTHAMPTON, July 12.—Officials | Forge to Lexington, Va. NEW YORK, July 18.— When the of the United States Shipping Board members of the New York Cotton . bearded the lions of the British ship- TIMKEN BUYS PLANT. Exchange begin trading in their new Ping world in the spacious dining| CLEVELAND, July 13— The Tim-|exchange on July 23 the fastest serv- room of the Leviathan at a luncheon | ken-Detroit Axle Company has ac-| | ver devised for the reporting of . uired the Standard Equipment Com- | 1C® ever g today by telling them what 1s to be | 1ired Ihe, O 0l A rOULh the par. | quotations between New York and cxpected in the way of competition | chase of all outstanding preferred | New Orleans will be inaugurated.|s from the American merchant marine. |and ,common stock, {t s’ announced | . L flie iiaasseare s o] 3 - | here' by Fred Glover, president of the | T¢n seconds after But it was a friendly bearding. The |13 0¥ HOCE Y Company. across the “plt” they will be reported ©occaslon was a luncheon party for 500 it in the cotton exchange at New Or- shipping men, diplomats and others. leans. This saving in time in an It was as far removed as could pos- {land, recently od | ) active market, when prices are jump- sibly be from the controversy which |ship in the S : 4 5 : e ian atos v ten points between sales, has’ b a A 5 i is the only woman stockholder in |ing flve an RCiraetibn e L R, will often mean a difference of thou- shipping relations recently. Praises U. §. Efforts, Indeed, the mayor of Southampton went so far as to invite the United States to build two or three more ships like the giant Leviathan, with the provision that they send them to his home port, which he promised Wwould be enlarged to accommodate them. It was a dry luncheon and the day Wwas very hot.” Even the special trains upon which the guests traveled from ndon to Southampton were dry so far a8 the American hosts were con- cerned, although unlimited supplies of soft drinks were available for the travelers. On the Leviathan many of the British guests sampled prohibi- tion beer—and said one sample was sufficient. Frank Competition. W. F. Gibbs, the American naval ar- chitect, who supervised the recondi- tloning of the Leviathan, summed up the American shipping policy as a frank, free open competition in the United States did not w sweep anybody else off the s neither would it be swept off. H 8- sured his hearers that Americans would “play cricket” on the ocean Sir Ernest Glover, president of the British chamber of shipping, compli- mented the American officials on the appearance of the big vessel and their manner of handling it here. Viscount Pirrie, one of the most noted ship- Ping experts of the world, inspected the Leviathan thoroughly this morn- ing and then said his task of recon- ditloning the old German Imperator into the Berengaria, but child's play compared to the task of the Americans in rebuilding the Levia- than. One Possible Desertion. The question of deserters from Brit- ish merchant ships being among the érew of the Leviathan, which gene- s * rated some heat, out. Two of three summonses w istrate's court th were the men W hundreds as the English news had predicted The lone casé is that of F. C teward who left w Yo to hs ago Ba first American kitchen clerk while em- ne he saw to his own, never took ARNOLD AND COMPANY Offer to conservative investors Guaranteed First Mortgages Secured on improved Real Estate in Washington, D. C. In addition to the se- curity of the Real prop- erty, we guarantee uncon- ditionally the payment of principal and interest. Denominations in any amount, $100 and upward. 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