Evening Star Newspaper, July 16, 1923, Page 9

THE EVENING STAR,: WAS e e ———— R R R R R R R R R R R D A REPORTS GERMANY | HELPLESS TOPAY Institute of Economics Shows How Exports Do Not Meet Cost of Imports. Germany can make no further repara. tion payments now, according to an analysis made public today by H. G. Moulton, director of the Institute of | Economies. What Germany can pay in the fu- ture, the report says, “depends upon the state of European trade and in- dustry.” The present economic condl- tion of Germany was declared to be “extremely grave,” judging from the volume of raw materfals going into German factorles, and the amount of food actually consumed by the German | Deople. Use of Raw Materials, “Our investigation shows,” sald Mr. Moulton, “that the volume of raw ma- terials entering German' factory pro- d duction is far below pre-war levels and is constantly shrinking. For example, | Germany’s net Imports of raw cotton | yrers 1n"1922 only 50 per cent of those n 1913, and hides and skins 64 per | cent. Germany's supply of iron ore is not more than 50 per cent of the @mount required to maintain pre-war output.” Foodstuffs were shown to be far below those used in 1913, with the exception of sugar and potatoes. “*As measured in paper marks,” sald Mr. Moulton, “business profits have beert large, but in terms of real pur- chasing pow?r they have been small, and are steadily diminishing. “The basic difficulty,” continued Mr. Moulton, “lles with the foreign trade rather than with the budget problem. Since Germany's gold supply is not sufficient to meet her obligations for more than a few months, and her pa- per money Is not acceptable to the Teparation commission, shescan pay for her imports only with the pro- Ceeds fron exports. Depend on Imports. “The crux of the whole German problem may be stated thus: A coun- try with an area only two-thirds the »slze of Texas, has, as a result of the Teat industrial expansion of the last orty years, core to have a popula- tion of more than sixty millions, of whom, roughly, one-fourth are de- dependent upon imported foodstuffs for existence. The industrial system thus built up can operate only if raw materials are brought in from abroad. These indispensable food and raw material imports can be pald for only in foreign money derived from the sale of exports. Hence, if the entire German population and the German industrial system are to survive, the first claim on the proceeds of exports dispensable Imports will she be able to meet reparation obligations. And she can export only to the extent that other countries can and will buy German products. At present Germany is exporting less than two-thirds.a§ mich as she is ghliged o import. “This deficit has beén met by all sorts oJ temporary devices, sone of them disastrous in weakening the economic system. Facing , the paralysis of industry and the actual lack of food, the Germah nation has had to part with domestic property, tangible and intangible, for what it would bring. ~Much real estate, par- ticularly in the cities, has been sold to foreigners, Industrial plants and equipment have likewise passed into foreign hands through the steady sale abroad of domestic corporate securl- tles. The insistence of foreign spec- ulators on the purchase of marks has helped somewhat. The much dis- cussed foreign bank balances which cannot possibly exceed 4,000.000,000 gold marks, are absolutely indispens- able to the continuation of Gerrhan's tmport trade; if not maintalned her industry and her whole social struc- ture would crash to the ground.” TENTH TO QUIT AMHERST. Chemistry Professor Follows Presi- dent Meiklejohn From College. AMHERST, Mass., July 16.—George Scatcha®, assoclate professor of chemistry at Amherst College. will fesign from the college faculty to- ~because, says a statement accom- panying his_resignation, “After the o0ss which the college has sustained, it no longer seems posssible to ac- complish here the purposes for which I came to Amherst.” Scatchard is the tenth Amherst pro- fessor to follow President Alexander Metklejohn out’ of Amherst. COGL TAKES OVER BUSINESS BUREA New Director to Conduct Truth-in-Advertising Campaign Here. The Better Business Bureau today was taken over by Howard C. Cool, former director of the Cleveland Bet- ter Business Commission. Advertising in Washington neces- sarily must take a higher plane than in most cities of its size,”” Mr. Cool sald. “Although having made only a briet survey of the advertising and trade ethics of this city I am gratified and feel that the vigilance work of | ) our bureau lles fn prevention rather than cure. “In the financial field, a real prob. lem is to be undertaken. Thous - of government clerks have be¢ timized by Qquestionable .prc and the bureau in this fleld wi .- deavor to ald in prevention primarily and in curt secondarily. ~ Intesti- gate before you invest’ has been taught to a large extent to the peo- ple of Washington by sad experience. We will endeavor to instruct through less costily means.” One of the first undertakings under Mr. Cool will be preparation of a scientific program “truth in advert o bring aboyt Cleaning- Oriental and Domestic Rugs UR process of cleaning Rugs brings out the colors hereto- fore buried in soil. for a trial order! Have us call CALL MAIN 4724 is to meet the cost of necessary im- ports. Only if Germany can export more than is required to pay for in-. Exceptional Reductions - DINNE CLOSE-OUT a R SETS Open Stock PATTERNS —on the Second Floor $90.50—97 Pcs. Dinner Set —Nippon China; a rich blue scroll design and pink roses; gold handles and LR S S A T $45.00—100 Pcs. Dinner Set —Bavarian China; very pretty mistletoe decora- tion; a few pieces short; only one set left at ...... $105.00—100 Pcs. Dinner Set—Limoges China; dec- orated with yellow conven- tional border and pink rosebuds; full gold handle and lines; one set....... $65.00—100 Pcs. Dinner Set —Saxony China; border is dark and rosebud decora- tion with gold lines and traced handle; one cup and cover to butter dish broken; only one set .... *50 tional border flowers and $80.00—100 Pcs. Dinner Set —Nippon China; hand- somely decorated; conven- design with traced gold handles and lines; 2 cups 25 iland China; decoration and traced gold handles; special at <v..... 35 100 Pcs. Dinner Set—Of French China; rose decoration with gold lines on edge of all of the pieces; an exceptional val- short ; one set only; this is an exceptional value . $100.00—100 Pcs. Set—French China ; assort- ed corn flower decoration with color line, edge; special price ....... 100 Pcs. Dinner Set—Hav- Dinner green on pink spray scattered $ B 0 5 ue for ceceecencee Gold Band Breakfast Plates (Japanese), doz., $6.50 to $3.00 | Gold Band Dinner Plates (Japanese), doz., $9.00 to $6.00 ! Dinner Plates (French), doz., $13.00 to $6.00 i Dinner Plates (French), doz., $22.50 to $12.00 Breakfast Plates (French), doz., $11.00 to $6.00 Salad Plates (French), doz., $25.00 to $12.00 Soup Plates (French), doz., $7.50 to $3.00 Teas and Saucers (French), doz., $9.50 to $6.00 Teacups & Saucers (French), doz., $13.75 to $9.00 Bouillons & Saucers (French), doz., $15.50 to $9.00 Bouillons & Saucers (French), doz., $42.C0 to $12.00 Covered Dishes (French), each, $6.25 to $2.50 Covered Dishes (French) each, $13.50 to $5.00 Open Vegetable Dishes (French), each, $2.00 to $1.00 Platters (French), each, $7.00 to $2.50 i Large Platters (French), each, $19.50 to $5.00 Large Platters (French), each, $10.00 to $3.00 After-Dinner Cups & Saucers (French), doz., $33.00 to $12.00 Breakfast Coffees & Saucers (French), doz., $15.50 to $9.00 Teas and Saucers (English), doz., $45.00 to $12.00 Individual Teapots (French), each, $2.00 to 50¢ . Teapots (Japanese), $1.50 to 50c_ Colored Border Bread & Butter Plates (Japanese),’doz., $4.75 10 $3 4 WS Hours—8:45 to 5:30 Many Other Items Priced in Proportion DULINeMARTINGD 1215-17 F Street and 1214-18 G “ Milanese silk from our HINGTON, D. C, MONDAY, JULY 16, 1923. / YOU WON’T BE DISAPPOINTED if you come to 1216 F St. N.W. S Gold Stripe Silk Stockings! All Sizes—Black, White and Colors Fresh from the factory! ONLY AUTHORIZED WASHINGTON AGENCY ! Washington women know Jelleff’s as the Gold Stripe Stocking Store—we’ve been selling them for ten years and expect to continue to sell them for ten years more. 1,800 pairs, advertised as a big quantity, we have sometimes sold in a single day! SO DO NOT BE MISLED! We are still the only authorized agéncy in Washington for Gold Stripe Silk Stockifigs! We are still the only store with complete stocks and daily shipments from the makers. We are still the only store that can sell you the fresh, new goods! $2.00 Pair—with mercerized garter hems. Regu- lar and wide tops. all-silk $2.75 Pair—with garter hems Extra heavy-weight, mercerized garter hems, $2.50 pair—Chiffon weight, $2.75 pair. Insist upon Gold Stripe! REDUCED:! Thousands of dollars’ worth af merchandise, still new, still fash- ionable, most desirable. The re- ductions are tremendous.' Read down this column and you'll get just a hint of the wonderful money-saving opp@rtunities that exist in every department of the store. Women’s $45.00 to’ $55.00 COATS-Wraps $24.75 re most prac- sash-tied roshanara silk wraps, ideal for wear right now—circular capes of soft velvety lustrosa and veldyne. Popular, practical colors—tan, cocoa, navy blue and black. A splendid chance for a real Investment! s Women’s $110.00 Exclusive Silk Wraps Distinctive draped and sash-tled coats—slender, straight.line and cir- Ni these exclusive style wra stunning coll of summ gray fox and caracul—Viatka, beige, and gray squirrel. Make your cholce® early wh'le you can choose from molire siks, satin canton, roshanara and flat cre, as well as some of the finer twi $11.50 and $12.50 Knife-Pleated SKIRTS Wool canton In deep knife pleats. Choice of tan, gray, cocéa, navy biue and black—while they last! $13.75 to $17.50 Summer Silk Skirt o ,’mss.sg , box l(;(I::'eln almost every wanted color and color comblnation. Stripes, plaids, plain colors in roshanara, flat and eanton crepes and crepe de chine. An amazing chance to get a beautiful skirtl For MISSES—100 Cotton Frocks. $7.85 Reduced to Adorable “Mis: y) smart summer s and scdlors— imported Dotted Swiss, navy biue and black with white dots that don't Wash out; the popular volles in light and dark shades; linens, ail colors; {fissus ginghame—reds, greens, blues and lavenders; normande volles with dots Immune to laundering; sporty Cotton crepes—a wonderful array at 2 remarkable price! Misses’ $55.00 to* $95.00 Costume Suits $35.00 Reduced to . ..... Beautiful _two and three-plece models In fine navy blue and tan twills. Elaborate and fine tucking are features of the blouse and box jackets. Attachea or detachable blouses are of splendid quality crepe de chine and flat crepes In matching or contrasting shades or of printed Reduced Just In time for va- es In all the silks. cation! 1,000 Pairs $2.50 to $5.00 Silk Gloves $1.85 Novelty :tquc ) Reduced to s $2P.§5 'all d 16_button, mousquetaire and gaanties styles, embroldered _cuffs, embroldered, Iu-lma °:nd ;ug.dfl arms titul ‘gloves Wianese SiIl ular stoc nationally known mal n a splen- sld array of popular colors and a good assortment of sizes, radically reduced In the drasw'c clearance that precedes stock taking. $10.95 to $11.50 WHITE Crepe de Chine 85 Blouses Bl Reduced to ...... St tiful WHITE crepe de chine (peover blouses n caintiest of mid- summ edged lars entirely made of ruffies of valenclennes lace, beautiful hand em- broldery and Inset medallions of real filet, sport styles with bateau -necks, short slesves and Inset pockets at belt—one becomin uette model with long roll_collar. Al of them, mighty smart ‘summer biouses at a most Interssting pricel % A Wonderful Midsummer SALE 300 Women’s Summer Dresses Voiles French Crepes Linens Ratines Regular Prices $9.75 to $25.00 Most of these frocks are fresh from the manufacturer, who was exceedingly anxious to clear his racks—the rest re- ductions from our own splendid sum- mer stocks. The group embraces all the popular summer fabrics and colors. The size range is complete—34 to 44— and 300 of the sum- mer’s loveliest frocks, in scores of becoming styles, but come early to be assured of just the one YOU most want. On sale to- morrow morning at . s Plain color volles and tailored and hemstitched iinens In most attractive styles and colorings. The va'le frocks come In beautiful pastel shades and are hand-drawn and lace and Insertion trimmed. Skirts have deep circular tucks—some styles are knife pleated. Linens are in coat frocks or straight line models with hemstitched pockets and trimmings. At $12.75 are plain, figured and norm: volles—with the dots that don't wash out, K In a dozen smart styles, straight line ratine frocks and clever French crepes. Hand drawn work, fine hemstitching, pleated and skirts—round and bateau necks—onl, of the wonderful variety. Lace and narrow ribbon pleating on panels knife pleating, and soft nibbon normandle and figured volles. This IS Fortunate! Another of Those Sample Lines Of Fine Silk Underwear At Prices Averaging 1 Less Than Regular! Hundreds of pieces— all different styles, beauti- ful materials and ‘exqui- sitely made. All for your choosing, just when underwear demands are at their height, at an average saving of 33%4. Surely you will want to be here early to choose ! Camisoles, $1.39, $1.95, $2.95 é.adium. crepe de chine and satin, with filet and val laces or the most exquisite hemstitch- ing. Self straps and a few built-up shoulders. ° Chemise Step-Ins Bloomers $2.95, $3.95, $4.95 to $7.95 Usually $4.50 to. $13.50 Chemise of crepe-back satin, radium silk and the finest of crepe de chine—with real Irish, French vals and real filet laces. Mostly strap styles—white, flesh, black and pastel shades. Step-ins are mostly tailored models and bloomers are both radium and satins in fine grades— some edged with lace. Gowns And a few Pajamas $7.95, $8.95, $11.95, $14.95 Usually $12.50 to $22.50 Gowns of crepe-back satin, radium, silk and crepe de chine—tucked and hemstitched yokes, with French.vals, real Irish and filet. Many exquisitely designed with-lace medallions—bateau, V, round and square necks. All shades—white and black—beautiful pieces. And what a chance to choose! Do mot miss this special: opportunity ! See window display! REDUCED! With stock-taking only two weeks away, every effort is being put forth to clear our stocks of late spring and surhmer garments! Listed below are only a few of the wonderful groups in this store-wide clearance of new, fash- ionable, desirable merchandise! Women’s $30.00 to - $37.50 Sport Suits, Reduced to The cholcest from an ample and splendid asso: imported 2 glenmoor xe- cuted In every detali—beited, box and panel Jacket _style: Tan, gray, French blue and deer shades to choose from. Nothing sé sultable as these for sport, street and general utllity wear. $75.00 and $85.00 Three-Piece Costume Suits $31.75 Reduced to Way under haif! Splendld sults In fine navy biue, gray and tan twills— blouse and box Jacket styles with the becoming side closing—all beautifully taliored and lined. Attached biouses of matching crepe de chine or flat crepe on colorful printed sliks. $95.00 to $110.00 Elaborate Costume Suits $49.75 Reduced to...... Just look at the saving here! And remember that these suits are of genuine twilicord and roshanara slik, beautifully braided and hand em-. broldered in a variety of wonderfully distinctive st You'll find tan, navy blue, gray and black at the start. $125.00 to $175.00 “Model” Costmuntione eigas Individual styles distinctively de- veloped in flat crepe, brocaded ros- hanara, canton crepe, plquetwlll and cordine. Elaborately hand-embroid- ered and braided models In tan, gray, cocoa, navy blue and black. Re- member that these are one-of-a-kind sults and make your choice early! $7.50 to $35.001 Summer Hats / REDUCED /2 An announcement such as this cannot fail to_create lively inter- est among Washington women who know the reputation for ex- clusiveness enjoyed by our Third Floor Hat Shop. When we tell you, furthermore, that these are midsummer models —several of them have been in the shop only three weeks—that every one is a hat of individual style,and certi- fied quality—there can be no doubt of the response to this announce- ment. We can only add—come early to make sure of the hat of YOUR choice! half-price and bo Srepe and tagal combinations. color and pastel shade as the smart darker shades. y $7.50 to $35.00, tomorrow at Just one-haif! g =IO =0/, 3 e DE EDHIED)E