Evening Star Newspaper, July 18, 1923, Page 23

\ ALTONOBLE TRAE - HOLDGUPWELL Last Half Year Almost Sure to Beat Sales Records for 1922 Season. BY J. C. ROYLE, toh to The 8t NEW YORK. July 185.—One of the surprises of an automobile year. full of surprises. is the announcement by the Oldsmobile Company that truck vroduction has been increased 100 ver cent “During the last sixty day H. G. Peasley. sales manager of the com- pany said today. “a most unusual feature has been found in the truck isituation. At the start of the sea- son we openly predicted that the farmers would buy passenger cars In iarge numbers, but we did not see that they were going to need trucks in a rush “Yet today our distributors are de- manding more trucks to meet farm- ors' needs. We have gune into the last half of the year with more or- | ders than we can fill Other Sales Running High, Similar reports come from sources | ciated with the Hudson Motor pany. One local dealer said to- ‘day: “Up to the fist of July, the Detroit territory has been so fortu- nate as to sell as many Hudson and ssex cars as in the entire vear of 1922 And it is our firm belicf that the second half will be larger.” In discussing the prospects for the remainder of 1923, Prevident Charles| . Hustings of che Hupp company aid: “Informaiion gathered by our n ot and by our district rep- ntatives and that obtained from our dealers makes it appear almost certain that the last six months will ; show larger resulty than for the cor- responding period of 1922 Parts Plants Rushed. Employment in industrial plants in iDetroit increased by 1.350 workers in the laat week. This is significant, for much of the main has taken place in the factories making automobile parts. It gives weight to the gener- ally expressed opinion that the low point of the usual summer slowdown in the automobile business has passed and that the fall bulge has set in The employment upturn iv the first recorded in Detroit since June 2, Wwhen the curve started downward The Cadillac factory resumed work #t full speed this week. following the annual fuventory. with more than 2000 men emploved. the largest in the history of the compa People ‘ho wondered how Ford would coun- opposition by Durant and Chevro- let find their answer in the fact that the Ford factories, in the first half of 1423, turned out 1.05 cars, trucks andtractors, or within 50.000 units of the total produced in the whole o 1920. the bLanner year previously. These figures nean that in eighteen months Ford has doubled his rate of sales. The total Ford production for 1925, including the Lincoln plant, is expected to exceed 2,000,000 units, Harbor Change Completeod. The opening of the River Rouge to| the largest of the lake freighters is one of the most significant events of the year to the automobile industry. The company plans to have three lake freighters a week dumping iron ore into’ the Ford ore pockets at the River Rouge blast furnaces until the close of navigation or an average weekly delivery of 27.000 tons. It is expected enough ore will be stored by winter to run the furnaces until Bprinz. The deepening and widening of the River Rauge has added six miles of | water front to Detroit waterways, Ford acquired property rights on both sides of the river and donated them to the government. under direction of which the river was widened to 300 feet and deepened to an average of | twenty-two feet. The Ford company itself ‘has built a turning basin, 1.200 feet long and 122 wide, which also will be turned over to the govern- ment. Poxsible Textile Wage Adjustment. The slackening in the operation and sales of the New England textile plants is attributed by New England mill executives to labor demands, which they assert are unreasonable. The public, they say, has refused to follow up advances in cotton goods. which were based on the 1215 per cent | . wage increase granted last spring. Some manufacturers maintain the be- Vief that unless conditions improve. modifications in wage scales must be 1 1160 Inter L FINANCIAL. " NEW YORK CURB MARKET .THE EVENING Received by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN. W YORK, July 18.—TPradlng on the curb exchange today continued at a low ebb. The dullnest was charac- teristic of this season. There was lit- tle disposition to make new commit- ments on the long slde or to renew operations for the short account. Tuesday's sharp advance In Durant Motors of Delaware was maintained. The indications are that there had been a_considerable short interest accumulated some time ago In this stock which has had no chance to cover because all during the later stages of the Jume decline Durant was scarcely dealt in. This showed that the floating supply was pretty well concentrated in the hands of peo_ ple who did not have to sell. Hudson Company preferred and Hudson and Manhattan held the ground they had gained Tuesday. The w stock, bonds and S$s of the Reading Coal Company, admit- ted to trading on a when, as and it issued basis earlier in the week, absorbed a good deal of attention. Reading Coal Company stock made its appearance on the tape for the first time, when it sold at 39. Two of the 8s, In addition to $4 in cash. are required for the purchase of one share of the stock. At 17 the value of the stock was 38 a share. The 5 per cent bonds had a hard run up|} of over two points, while the 4%s advanced to around 88. Why there should have been such a declded falling off in the dealings in the oil group was difficult to de- termine. The Standard group, with a few Individual exceptions, was practically dormant. while = inde- pendents, likewise, were quiet, with only slight changes in quotations Recent leaders in the mining sec- tion went somewhat lower as the re- sult of realizing sales, but there was no material weakness. — e NEW YORK, July 18.—Following is an official list of bonds and stocks | traded In on the New York Curb Mar- ket today: Sales in thousands. 1 Allied Packers s 13 Allied Packers Bs . 18 Alum 7s 1925.. 2 Am Cot Oil Bs.. Am Gus & Am Light & Aw Sumatra T 7 2 Am Roll Mills 6 Am T & 7 6 Ar & Co of Del Asxo Sim Hard 6 AtG&WISS Beaver Products Reth Steel 7s ° Cent Steel Charceal Co Am Rk BONDS. High. a8 &5 104 °y Low. 8 Ay Cous Gas Raito s A Deere & Co 7 Detroit City Detroit Edison 8s... Dunlop T & R Ta. . Fed Sugar #s 3 I sher Rody s Flaher Body s Gair, Robt Gulena Nig Asphalt S eneral Pet 6s.. rand Truak 614 9 Hocking Vallex inter R T 8% Kennecott Cop 75, Lig Web L re ex Loutsville ; & E Maracaibo Oil 78 " at Leather New Or P 5 5 Penn Power & Lt 5s Phil Elec ot Philippines 31y Pub Serv of X Pub Sery EI Reading Coal o Reading Coal 47 Shawsheen 75 . 2 Kloss-Sheff Gs. Solvey et Cie Souther: <108 D Lot 105 1075 D108 100% o Vacuum 01} © 108 FOREIGN BONDS 1 Arzentina 7s '23.... King of Nether €s. 10 Rues: Gort 6lus cfs 2US of Mexico 4s.. 36 Sales STANDARD OIL IS 1o units. 200 Anglo-Ame= Oil . 10 Buckeye P L .. 100 Hum 0l & Re new 143 Imp Oil of Can 10 Prairie Ol & Gi 140 Prairie P L 10000 8 0 Ind .. 50 Southern P L . 100 8 O Kansas new 2008 0 Ky ... 600 8 0 N Y new 50 Swan & Finch . 1000 Vacuum Ofl new... Sales INDEPENDENT OIL STOCKS. In hundreds. # Ark Nat Gas... 4 Bareington Ol . 12 Carib Syad % Tia 105 ! Humphress 0il o Interstate Roy ton Pet Livings i ibo Ol 80 1 11 M H gle . 1 Mez Panuea . Mount “Prod . Mutual 0il' vot o o Pennoek 01700 Rova’ Canag 0 & & Salt Ck Cons...... Salt Ck new.. ta Fe 0 & ( rze Oi Turman 01 Wileox 011 e Y oil v 10 INDUSTRIALS Adirondack Pow . A Hawailan 8 K, Am Malt Co .. Am P i 2 § Abpaiachian P& Armour of Del Brit “Am o cau " Brit Intl Co Son Brit It Corp R... Brookiyn City R . Buddy Buds . Cent Teresa pfd Centrifugal Ir Colorado Pow & Cube Co 5 Dubilier R Durant Metor Duraat Mot of ind. Faton Axle ....... Federal Telegraph. . iillette S 1 5 len Alden Coal & Gas. RO @ PUTPOTSIOIBROT, S Inter Contl Rubber. Lehigh Power sec 3emabi ron Midvale o 700 Munsingw'r Tne w | N Y Tele Co pfd.. Pyrene Mfe ... Radio Corp Radlo Corp Reading Co Readinz (. Ren Motor Rosenb Rosmer 80 € & T new Swift Tntl Tenn Elec Powe, Tob Prod Exports . ‘oddShip i n Pft Shar new. . n_Retall Cands.. U S Lt & Heat pfd Yel Taxi Corp N Y. 12 MINT 30 Arizona Globe Cop. 380 Relcher 18 Butte & 1101 v TS~ o S Cresson_Gold Crown Reser Dolores Esper tuna Mines | .. .20 oldfield Deep Mine (10 oldfield Florence.. .54 oldfield Jackpot.. 43 old State. o ae op Nev 1 Hecla Mfine oo, 7 Homeatake Ext | 110 Independence Lead 1 Kerr Lake . : 170 Tone Star 4 Cit Berv ... 135 Cit Serv pfd. 8% Cit Sers ptd R. a 3 Cit Serv B efs. 31,000 Cit Serv B scrip. 47 Creole Synd . # Derbr 0°& R 1Der 0 & R pfd w 2 Federal Ol 1 Glen Rock Oil 1 Gulf Ol of Pa 60 Hudson OIl . 20 McNamara Cres Dev . 40 National Tin . ... . 4 New Dominion Cop. 58 Ohio Copper ... % Rar Tlercules Ine 120 Red Il Florence. .03 Reorgan Diy Annex .08 t Croix Cons 17 an Toy ... a il Queen Min Corp Sil Mine of Amer.. . So Am Gold & 1. Spearhead Gold Stewart Mines ... Sutherl'l Dv Mines Teck Mughen -0 Tonopah Divide. ] SALES. Tonopat | Washinzton Gas 5s—81,000 $1.000 at 93%. $2.000 at 933 38—8500_at 97. Tight—8 at_4 .10 at 49, 3 Un Imperial United Verde T8 Con new % Washington Gi Toity Gold . t 49, 10 at t 850, STAR, WASHINGTON IVIRGINIA POTATOES RUSHED TO MARKET Georgia Peach Shipments Now at Peak—Potato Prices Drop Sharply. 1 o By the Associated Press. CHICAGO, July 18.—Reaction was noted in the potato markets as city sup- plies mounted higher and prices de- lined sharply during the week. Canta- loupe and watermelon values held at relatively high levels and light receipts of tomatoes brought good prices, ac- cording to the bureau of economics of the Department of Agriculture. Com- pared with this time last vear car lot shipments of potatoes, watermelons and cantaloupes are one-third to two-thirds less. The aggregate daily shipments of a dozen fruits and vegetables is still 800 cars below last July's shipments. Peach Season at Helght. With the starting of Elbertas, the Georgla peach season is now at ite height, more than 200 cars a day roll- ing in from that section. Although 2,000 cars below last season’s total to date, the movement may be expected to catch up rapidly and probably will ex- ceed shipments of 1922 in Georgia. The movement still lags in North Carolina, but a large crop Is expected In New York and New Jersey. Heavy shipments of east shore Vir- ginla and Norfolk potatoes the first week of July resulted in accumula- tions In several markets. especially New York. Virginia furnished three- fifths of the last week's supply of new potatoes. New Jersey shipments are becoming more he The de- cline in city price levels was re- flected at shipping points. Watermel Higher. The rising trend of prices continued in central Georgia | Consuming centers maintained their recent advances well, following the slump of early July. Not only did the car-lot movement of cantaloupes fall below the 1.000 mark, compared with 1,645 cars the previous week, but a reeent forecast of the total crop in thirteen inter medlate states indicates little over 4.000,000 crates. This is 35 per cent less than last season's production in the same sections. Early apples from the eastern and central regions have been late in starting. :|PRICES OF COTTON IN TRADING TODAY Report on Weather Condi- tions in Crop Belt. By ths Associated Press, NEW YORK, July 18.—Cotton futures opened steady; July, 26.55: Octoher, 23.65 ; December, 23.12; January, 22.50 . March, 22.80. The market opened steady at unchanged prices to a decline of 10 points under scattered selling inspired by relatively easy cables and expecta- tions that the weekly report of the weather bureau would make a favorable showing except for droughty sections in the southwest. { NEW ORLEA: July { futures opened steady : July, {tol December, 2 March, 2259 W YORK. July 18 Cotton fu- 11345 ain. bids: Steady: dJuls, October, 23.90; December. .08: March, 23.00. | NS. July 18.—Cotton | s, 11 am., bids,” quiet; July,! 25.75: October, 23.13; December, 2 January, 22.78; March, 22.75. NEW YORK., Jul 18.—Cotton spo: quiet: middling, 2 Cotton fiuu\‘:o: closed barely steady: July, 26.60: Oc- | tober, 23.73a23.75: December, 23.22a | January, 22.96a22.99; March 2.98. 1 CANADA MAKES OFFER ! ON GRAND TRUNK BONDS | 1 . Oc- B | watermelon | January. | 1 500. D. C. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY NEW ORLEANS, July 18.—Retail clothlers sald today that business continues to run well ahead of last year's. Men's summer clothing, men's and women's underwear and dress goods are the leading sellers. ST. CLOUD, Minn., July 18.—Farm- ers here today stated they feared they might not be able to harvest their wheat crops if threats of 1. W. W. workers to call out 80 per cent of the farm hands in North Dakota and Min- nesota are carried out. Karm labor {scarcity is more serious than for some time. SAGINAW, Mich.. July 18.—Fruit growers in northern Michigan are aprrehensive because of the lack of cherry pickers. They need 5,000, Only 1.500 are availuble, it was stated to- day. The fruit outlook in western Michigan Is said to be promising. ST. LOUIS. July 18.—The Missouri Pacific is in the market for sixty pas- senger coaches in addition to the pre- viously announced $6,000,000 worth of new locomotives HOUSTON, July 18.—The American Rice Growers' Association has voted to pool membership rice in both Louisiana and Texas for co-operative marketing this vear. The 1 crop acreage in this state is smal than July 18.—Oklahoma storing their for higher A, Okla., broom corn raifers ar 1923 crop and waiting prices. NEW YORK. July 1§ raw silk in storage in this country 1July 1 amounted to only 25,565 bales This is sufficient for less than one month's consumption of mills running at normal. PHILADELPHIA, July 18—The continued fall in the price of lead has affected the paint market. and paint pigments and white lead are lower in price. although mixed paints are steady. A revival of den X~ pected with the fall KA Stocks of to been N Port- its soldier and sa swarded to the Gres iand Cement Company e MARYLAND RANKS HIGH IN BANK RESORUCES BALTIMORE. July Maryland rank 1 ! population among United totul stituti state mutual land are These though ¥ in th hoin the $45 facts are nual report of R treasurer of t of Supery. of which State Page The figures of tutions are in wn Sims Kational in the secre Associati ate Banks. coy ben received ioner George 1 ary- have t Bank (e W Mr 1 s include n stitutions of State Bank who furnished to Mr. Sims MAY UNITE CHICAGO STRfiEEI RAILROADS to Combine Elevated Companies Made by Holders of $14,000.000 in Notes. ¥ the Aseociated T CHICAGO, July 1§ of the four elevated co cago into one corp posed vesterday fu a pli a committee represent $14.000,000 of which have been years, The plan calls capital psti- re- aly ana that d in ution me under supervis ommissioner Page, the Maryland figure Proposal Consolidation ies of Chi- pro- tion was p broached by hoiders of d in 1914, in default several for a reduction from $121.895,000 to $7.196, Although the roads have heen operated for veral years as a unit, they have maintained their separate corporate entities. Simultaneous with t couneil local transportation coemm ee voted that a subcommittee devise and recommend a plan of pros cedure in Mavor Dever's proposal to purchase the entire elcvated and sur- face lines of the city. RAILROADS REPORT in 6= WEDNESDAY, the | < meeting of | JULY 18, 1923. BRANCH BANKING - DEBATE SUBJECT Proponents Win in Word Clash at Convention Being Held in Cleveland. By the Associated Press. CLEVELAND, July 18.—At the con- vention of the American Banking In- stitute here last nijght a debate on | branch banking was held between four Philadelphia bankers and four from Boston. The debate was won by the Phila delphia team, which upheld the af- firmative on “Resolved, That branch banking in the United States should [be encouraged.” It contended that branch banks fill the needs to de- velop the resources of the country. The Boston team argued that branch banking leads to a concentra- tion of credit and money power that is not wanted In the United State. President Talman told the delegates plans are afoot to affiliate the organ- ization with Canadian and British bankers, and that opportunities to: | afiliate with the institite and to get ithe benefit of texthook Instruction {the benefit of text book instruction Were it not for the gold standard jand the federal reserve bank. Amer- {ica would have been ingulfed in the financial maelstrom of Lurope, John 1 H. Puelicher said. He told the in- stitute bankers thut unless they bat- tle in public against the detractors of the country's fiscal system the federal reserve bank will follow into livion the first and second Banks jof the United States, its two pre- | decessors ‘ The banking and economic leld(‘r_«: of the country were urged by Dr. ¢ | W. Petty to enter public life to avert {an impending crisis which_threaten-, | ed disaster to the nation. He related alse prophets had predicted the lose of the world war would bring | greater international concord. a re- i turn prosperity and a marked { epiritual advance. Instead, he main- | {tained, the nation has spent its last dollar-chasing and self- as America bas never 5 ALEXANDRIA. XANDRJA, Va., July 18 (Spe- When the corner stone of the shington Masonic Memo- | | rial Association’s temple, in George Washington Park. is laid November | Ishness =u i seen before. ALE icial) - iGeor FINANC YELLOW CAB TO ADD | 400,000 NEW SHARES By the Associated Press. CHICAGO, July 18.—Recapitaliza- tion of the Yellow Cab Manufactur- ing Company from 209,000 to €00.000 shares has been approved by the di- Tectors. The new 400,000 shares will | be sold to stockholders at §12.50 a| share. { It is planned to pay dividends at | the rate of 35 a share annually on the new capitalization. This is equivalent to $15 a share on the oid stock, on which $6 has been paid With the old stock at $265 a share, the new stock is expected to have a value of about $85. CRUDE OIL CUT 10 CENTS. FINDLAY, Ohlo, July 18.—A 10-cent reduction in the price of Wooster crude oll was announced yesterday by the Ohio Oil Company. ~The new quota- tion is $1.80 a barrel. HUGE OIL COLLECTIONS. OKLAHOMA CITY, Okla., July 18.— The expectation is that Okiahoma this ear will collect between $7,000,000 and 8,000,000 under the 3 per cent gross | production law covering oil and gas. | Collections for the first six months were $3,500,000. IAL. EQUITABLE Co-Operative Building Association Organized 1579 13d YEAR COMPLETED Ansets 84,750,762 Surplus .. .. 81,207,281 The Tim;-'i'o Save Is Now Make up your mind to put aside part of your salary and save system- atically With the Equitable. Subscription for the 85th Issue of Stock Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOIIN JOY EDSO) FRANK P. President REESIDE, Secy. Money to Loan ¥ first deed of trust on real estate. fling interest and commission. Joseph I: Weller £ Wesb- L0 & i Our 79, | First Mortgage Notes | Are carefully selected and placed on ap absolute margin of safets. The Service We Give Insures prompt collectiog and re mitting of interest. All details cau tously supervised. that the property is properly cared for, adequately in sured, tazes paid. Certified insured titles furnished without cost Our experlence extends over 8 period of many sears without the loss of & singie penny in either principul or interest Notes of $250 Up to $5,000 Now on Hand Chas. D. Sager 924 14th St. N.W. Main 36—Loan Dept. No_ brokerage charged. let us explain our wethod: king small loms reial Lo nce Corporation 15th St. N-W. P t Pendiog. A Good Place to Have Your Rental Property Cared For perience and Lifficient Service RENTS B.F. SAUL CO. Mortgage Loans 1412 Eye St. N.W, ;First Mortgage Loans Lowest Rates of Ioterest and Commission. Prompt Action Fisher & Com, 738 _15th [Thomu ;3 pany, Inc. Street 10% Preferred Stock | | | next, about fourteen feet of granite {will have been laid, which will make {the temple between twenty-five and | centy-seven feet above the concrete | t. The work at the present tim: is| progressing satisfactorily. The contra pouring the lgust 1. which to begin | te door Au-| will cover the entire |Structure. and they expeet to com- |plete that floor by September. and | this will give it a month or six weeks {to set before the time for the laving {of the corner stone. In the meantime stonemasons will {be facing the concrete steps with| |granite on the front of the temple. | A ging Ceremonies. | Arrangements are rapidly being made { {by the committee in charge of the cor- | | nerstone laying. It is estimated that the | { ccremontes will be attended by between | 15,000 and 100,000 Masons from every | of the United States. Grand'| from every state in the Union | e in attendance and | {the affair will be a momentous one in | | the Masonic history of the United State | Charles H, Callahan, deputy grand m: ter of M in Virginia, will pres i for the grand master on this occasion. Alrcady, it is stated. that reservations | | have been made tor two entire floors at | the Willard und Raleigh hotels in Wash- ington by visiting Masons. Michigan | e will send a delegation of 200 | fasons to attend the ceremony. The | |grand master of Masons of Michigan | Was here only u few days ago and com- | I pleted arrangements for the visitation | | for that event. £3,000,000 Strueture. { The ceremonies will take place at noon {that day. The plans for they reception and entertainment of the visitors dur- ing their sojourn here are in the hands of a local committee, | When this temple ! \ill have cost more than $3.000.000 1d will be one of the most hand- some ed of its kind in the coun- ltry. Money ftor its construction being raised by Masons from through- Tout the Dntted Sraver: Granite Refine | section de is_completed it t Phone Main 2100 ann OO £ Continental Trust Company Capital One Million Dollars 14th & H Streets LT OV TV Of the Lenox Office Bullding Owners, inc . sperating the T-story office building koowd “Lenox Office Bldg., Street Northwest FEATURES. . tive: preferred dividends, 107 Participates equally in Common Stock Dividends. Preferred as to Rssets after 1st o oniy Retirable at $125 per share H MORTGAGE MONEY EXECUTORS TRUSTEES —and others having funds for High-class FIRST MORTGAGES. : CARRY ALL SECOND TRUSTS NATIONAL HOMES and FINANCE CORP. 501-506 WOODWARD BLDG. - Phone 970 Main joans, meet expenses of remodeling ing. third to seventh floors inclusive, office purposes. EXPLANATION. The owuers of this building prefer to pas relura to individual investors n siand the cxcessive cost of * usual manner The under ons, curtailments and in ges under which second-trit yer Tonns can he obiained from 1w ces are unduly burdessome and more_costly than _even ve Preferred Stok issir thoraugls examiation of tils offer wiil absolutely sound invest for Fatier financi Fiscal Agents Edmund J. Flynn Co., Inc. Main 7253 1523 L Bt. N.W. First Mortgage Loans Made On Improved Properties (Including Residences) Bank—2 AFTER CALL. Washington R. & E. pfd.—10 at Wenden Coppe: Yukon Alaska tr cfs Yukon Gold . In the District of Columbia made. It is generally felt. however, | that these may be avoided if the d ficiency In output resulting from mi curtailment brings a better inquiry from the public. The old Marine Railway and Coal smpany s shipyard at Franklin znd | nion sireets, soon is to be used by {the Aquio Creek Quarries Corpora- | | tion for the purpose of refining gran- | LONDON, 18.—The Exchange ! Canadian government has made the |Sperial Dispaten to The Star |definite offer o the holders of the| DETROIT. July 18.—The P Mar- CONSOLIDATED REMOVES BROKER OFFICE TICKER| By the Associated Press NEW YORK. July 1S.—Acting on tnformation from the Better Business Bureau, the Consolidated Stock Ex- | ~hange has ordered its ticker r moved from the offices of M. W.! Janis, a stock broker at 15 Broad | street. Janis was not a member of the exchange. v taken.” President Laurance Tweedy declared. “as a re- sult of information submitted by the Better Business Burcau. An investi- gation also was made by the bureau of auditing_and accounting of the exchange. The evidence in the case convinced the exchange that the \ business methods employed by W. M. Janis made it advisable that the ticker service should be discontinued at once." WOULD CLOSE REFINERIES TO END OIL SURPLUS By the Assoclated Press. TULSA. Okla.. July 18.—Temporary closing down of ‘all refineries in the + midcontinent oil field to allow con- sumption of the present surplus of | zasoline was urged in telegrams re- celved today by .members of the Western Petroleum A: tion, The appeal for a suspension of re- fining was dispatched last night by George N. Moore of Chicago, presi- dent of the association, and John D. ynolds of Kansas City, secretary- counsel. It was sent to members of the association in Oklahoma, Kansa: north-central Texas,-north Loulsiana and south Arkansas. RAILROAD SHOPMEN SEEK By the Associated Press, SAYRE, Pa. July 15.—Another ef- fort to settle the shop strike on the Lehigh Valley railroad. which has heen in progress for more than a vear, Is expected to be made as a re- Sult of the referendum vote refusing to_end the contest, announced here early today. The figures on the vote were not given out and no statement was made as to the terms on which -the men voted. It was sald that the strike committee was instructed 10 reopen negotiations and seek con- cesslons upon certain disputed points. ‘Heat Hurts Retail Trade, . But Helps .Cotton Crop Specil Dispateh. fo The Star, FORT WORTH,: July 18.—A three- week heat wave. #étting a new high Tecord for the southwest, has played havoc with retail trade in this terri- tory and has demoralized commercial onditions in Texas and Oklahoma. 4-Tops thus far have not suffered to Capital Traction 55—3$1,000 at 967, 3300 at |WHEAT GOES HIGH ER TO END LEHIGH STRIKE | it T forgenthaler—10 at 149, 10 at 149. Money—Call loans. 5 and 8 per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Anjerican Tel. & Tel American Tel. & Tel Au. Tel. & Telga. ctl. tr. Aw. Tel. & Tel. conv. fs. Anacostia & Potomac 3s. IN TRADING TODAY Poscibility of Rush for Flour Scares Shorts, Who Start Covering. Bid. Asked. 105 98" | 1158 @9-: | Special Dispatch to The Star, .{ CHICAGO, July 15.—Wheat today ihad a sensational bulge. Publicity i | regarding aid to the farmer, propos- zgt';ti‘“" that public-spirited men help by 1013 ; buying wheat and consumers by buy- ing a barrel of flour. seemed to scare many shorts into covering, but it was difficult to tell whether any in- vestment buying developed, beside that from the professional trader. | Export demand was slow over- | night, with sales of 300,000 bushels . ireported, mostly for deferred ship- {lment. Cash wheat premiums were | easfer. ! “Corn also was strong, July reach- ling the previous high level on the icrop. There was a broader commis- | sion house demand and shorts cov- {ered. Realizing sales caused a sub- igow, | stantial reaction later. 4910 DUTCH OFFICIAL QUITS. THE HAGUE, July 18.—The Dutch minister of finance has resigned after disagreement with the other minis- ters over _a measure providing for the upkeep of naval units in the East Indies. He maintained that the pro. posed expenditure was excessive The cabinet decided to submit the bill to parllament at its autumn ses- sion. City and Subrban G Georgetown Gas 18t 58 Metropolitan K. R. 3. Potomac Elec. ist 3. Potomac Elec. Cons. 5t Potomac Elec. deb. 8s. Pot Elec. Pow. g. m. 6 Tot. Elec. Pow. & m. & ref. Wash., Alex. & Mt. Ver. 5 Wash., Alex. & Mt. Ver. ctf. shington, Baito. & Annap. 53 Washington Gas ds Wash. Rwy. & Elec. 45 Wash. Rwy. & Elec. 5. m. 6s. MISCELLANEOUS, D. C. Paper Mfg. Riggs Realty 5s (long). Rie=s Realty s (short). Security Btor. & Safe Dej Wash. Mkt. Cold Stora; Wardman Park Hotel STOCKS. PUBLIC TTILITY. Amer. Yel. & Telga Capital Traction . Washington Gias & Wasi i 165 ey METAL MARKET. NEW YORK, July 18.—Copper— Steady: electrolytic spot ang futures. 14%; tin, firm: spot and nearby, 38.12; futures, 38.00; iron, steady; prices, un- changed; lead, steady; spot. 6.00; zinc, easy; East St. Louls spot and nearby d!llvcry.‘l.l antimony spot, 6.85a 6.90. TRUST COMPANY. American Security and Trust 320 nental Trusi i85 370 National o B oiagton Loan and ‘ivust .. SAVINGS BANK STOCKS, rce and Savinge.. Gant Washington Sav Security Bav. and Com. Bank. Beventd St. Baok. U 85BEeE HERRUREE 8 20 i . 8, SBavings Back. 285 Wasilogton Mechanics FIRE INSURANCE STOCKS, jcan _Fire Insurance. A tan Fire Tnturance b1 Firemen's Fire Insurance Natiooal Union Fire Im TITLE INSURANCE STOCKS. bia Title Insurance. % ‘Estate Title Insurance.... 120 MISCELLANEOUS STOCKS. bia Graphophone com. Colimbia Graphophone pfa. D. C. Paper pfd. Merchants' Tra AMergenthaler NEW YORK EGG PRICES. NEW YORK, July 18.—Eggs—Weak; receipts, 32,152 cases; fresh gathered 251%227; do., firsts, 23%a fresh gathered seconds and poorer, a23; state,. nearby and nearby | western _hennery whites, firsts to Sxtras, 30a40; Bacific coast whiyes, extras, 38a39; do., firsts Lo extra firéts, {30u37. | FLOUR Is UNCHANGED. 1 MINNEAPOLIS, Minn., July 18, Flour unchanged at 6.00. Shipmen: col Ret an_appreciable extent. In fact, the continued sunshine has killed off the boll weavil and other pests in' the cotton flelds. Scattered showers; par- ticularly in north Texas have kept the crops growing. = 0ld Duteh Mark Old.Dutch Market pfd !rulwn Monoty 52.373 barrels. Bran unchanged at 20.00 to 21.00. Wheat, No. 1, northern, 1.02%a1.09%; July, 1.02%; September, 1.021{; December, 1.03%. Gorn, No. 3. yellow. 81a81);. Oats, No. 3, white, 34%a36%. Flax, No. 1, 2.73, 14 per cent debéntures of the Grand iTrunk Railway Company, recently merged wl‘.h Phe Canadian National rallways, bt that it recognizes their rights to interest on their holdings if jthere is a sufficient surplus. A committee representing the Eng- tish ‘debenture holders recently con ferred with members of the Canadian jgovernment in Ottawa regarding the claims of the English interests. Mem- bers of the committee who returned to London recently refused to state vhat agreement, if any, had been eached. OIL DRILLERS LAID OFF. Many Lose Jobs as Effort to Cut Output Continues. | Special Dispateir to Tiic Star. | HOUSTON, Tex., July 18.—Major oil | jcompanies operating in the gulf coast jsection continued to lay off men today as the program of curtailed drilling op- | erations proceeded. Smaller companies, I.mce the cut in crude prices, also are | curtailing _drilling campaigns or stop- ping operations altogether. With two or three exceptions there is little ac- | tivity in the various fields. Field work- | ers are looking for jobs elsewhere. The coastal flelds are said to be In better shape than others because curtailment has been gradual for several months. ‘ZINC ORE HIGHER. Cutting Production Causes Sharp Price Advances. Special Dispatch to The Star. ST LOUIS, “July 16.—The price of zinc ore, which was §32 a ton two weeks go, Tose to $38 during the shutdown of mines in the tri-state district of Mis- souri, Arkansas and Kansas. The mines | resumed work today after two wecks of * |idlenese, but production is to be cur talled by operating only five days a week and eliminating night shifts. Further curtaflment with a further rise in price is predicted. CRAe MILLS ON SHORT TIME. BOSTON, July 18 (Special).—The Pa- * icific mills now are on a four-day week schedule in_the print miils. Yarn mills ; at New Bedford are running on & eimi- | lar basis and cloth mills there are oper- ¢ ating at about 50 per cent of capacity. | Sales of fine goods at New Bedford are | down o about 15,000 pleces a week. LIVERPOOL COTTON. | i LIVERPOOL, July 18.—Cotton. spot, | quiet; prices steady. Good middling, 15.81; fully middling, 15.71; middling, 15.56; low middling, 10.31; good ordi- nary, 14.81; ordinary, 14.51. Sale 5,000 hales, including 2,700 American. Hecelpts, 3,000 bales, ‘including 1.200 Americal Futures steady. July, 14.85; October, December, 12.82; January, March, 12.54; May, 12.41. OIL FIELDS HISTORIAN DIES. ! i i 1 | very ! 13.2: 126 closed | fancy fruit “of {quette railway provement in freighi trafic on it three principal divisions today Freight mayement of the second week of July was compared to a corre- sponding period last vear. The Saginaw division showed an in- crease of 36 per cent in outhound and 20 per cent in inbound s i the Detroit division. the automobile centers of Lansing and Flint, showed an increase of 55 per cent in outbound and 51 per cent In inbound shipments: the Grand Rapid: division showed an increase of per eent in outhound and 15 per cent in inbouna shipments. NEW CARS IN SERVICE. 1eported = decided im- {8,648 Ready for Use in Freight! Service—158 Engines. Reports filed with the American Railway Association show that a total of 8,646 new freight cars was placed in service, on the carriers from June 15 to July 1, bringing the total num- ber of cars placed in service since the first of this year to 7 0. The roads also placed in service during the last !kalf of last month 158 new locomo- tives, bringing the total for this type i of equipment to date up to 1 On July 1 the roads had 9 freight cars on order and motives, deliveries on both being made at a steady daily pace. UNITED DRUG EARNINGS. Business for First Half Year Re- ported Very Heavy. NEW YORK, July 18.—The sales of the United Drug Company in the first six months of the current year were approximately $32,000,000. This vepresents an increase of about $4,000.- 000 over the gross sales of the corre sponding six-month period last yea and is larger than the sales of any corresponding pertod in the compan: history. Net profits of the company the $800,000 in excess of those of the first five months of 1922. Sales of the last six months of the vear by reason of seasonal increases are cxpected to ex- ceed those of the first half of the year. AR A CHERRIES ARE HIGHER. Special Dispateh to The Star, NEW YORK, July 17.—Cherries were in moderate supply tl morn- ing The market was firm, with the demand fairly active, particularly for large size. Prices showed a slight advance. Four-quart baskets of red sours old from 50 to 75_cents, mostly from 60 to 65 cents. Red raspberries were in compara- tively light supply. Prices showed very wide range on account of the irregular condition of the offerings. Sales ranged from 10 to 18 cents per pint. At Boston yvesterday raspberries sold from 12 to 16 cents per pint. Blackberries were fairly liberal, but the bulk of the arrivals were ‘ gross | ‘st five months of 1923 were about | {ite brought to that place from Aguiu { creek, Stafford county, Va. | A deed of conveyance for this prop- lerty today was placed on' record in | the oMice of the clerk of the court Ifrom Colin H. Livingstone and wife i to the Aquia Creek Quarries Corpora- The land conveved includes a a strip_of land constituting a { part ‘of the filled area made by the | United States government in improv- & the Potomac river by reclaiming {what is known as Battery Cove. The Aquia Creek Quarries Corpora- i tion some time ago secured the quar- { at Aquia creek and is now en- {gaged In the task of quarrying at i that place. The old quarry was aban doned more than a century ago. It |is proposed to bring the Virginia | granite to the plant in Alexandria on barges, where the finishing touches will be put on by skilled mechanics, Working at full capacity, this plant will, it is stated. give employment to approximately 200, Grocery Store Burned. | The grocery store of Jones & Co.. {at St.»Elimo. Arlington coun {burned by fire shortly after 5 o'clock i yesterday afternoon and three gi- Irages in the rear of the store were !destroved. The loss is estimated at {$8.000, with only $2,000 insurance. | Companies Nos. 4 and 5 of this city fand company . 16 of Washington i responded to the alarm and the local firemen worked nearly two hours be- fore conquering the blaze. ! men succeeded in saving two adjoin- iing dwellings. The firemen used 1,000 feet of hose, having run water from Hume to the place of the fire. Automo- | biles which wege in the garages destroyed were removed to_safety a short time after the fire started. { According to reports made. the fire {'atarted in onme of the garages in {the rear of the store and soon | caught to the gasoline tank nearby. Director of Public Safety Paul Mor- ton, acting fire chief, “stated that {had’ the firemen found water at the lace where the fire was they prob- bly could have saved the store. The fire attracted a large crowd of per- ons living In that vieinity. Many Pay Auto Tax. Thus far about 650 persons have paid their city automobile license tax. The tax is long vast due and within & comparatively short time it is planned to have the delinquents cited into court for their failure to | pay the requirea license tax. Many {business and professional men are now paying their license tax. This license is also overdue. Such 1li- censes should be paid at once at the office of the city manager. David N. Hulfish has sold to Wil- liam P. Sullivan a two-story brick dwelling house on the east side of Washington between Queen and Princess streets. Clarence Hansbor- ough has sold to S. Elizabeth Gray house and lot 1802 Duke street. Deeds of conveyance have just been placed on record in the office of.the clerk of the court. ‘An inspection of the Alexandria Light Infantry was made Monuay ht by Capt. D. E. Thebaud of the adjutant_general's office, Richmond. Capt. Thebaud complimented the TITUSVILLE, PA.. July 18—Edwin|mostly of small size and of poor to|men on the excellent showing made. C. Bell, 75, nationall; oll fields historian, bere late last night. known as an led at his home ordinary In quality and condition. Quarts “sold from 15 to 25 cents, mostly 18 to 23 cents, d Capt. Robert R.. Thomas was in charge when the Inspection was made 3 4 The fire- | i ! 51,/2% Interest Reasonable Annual Curtailments Required Lo-na' 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 Sireer Loan Correspondent for the Prudential Insurance Company of America 1% UR CURRENT OFFERINGS of O First Mortgage Investments include a new 7% issue; also several 6%% issues, with D. C. and Federal tax free features " which increase the yield to 7.13%. They are offered in denomina- tions of $100, $500 and $1,000, outright for cash or under our Investment Savings Plan. Partial payments earn the full coupon rate of interest. _—————— NO LOSS TO ANY INVESTOR IN 50 YEARS Call, write or phone Main 6464 for full information ke F.H.SMITH CO. CHounded 1873 FIRST MORTGAGE INVESTMENTS SMITH BUILDING 815 FIFTEENTH ST.