Evening Star Newspaper, July 22, 1923, Page 23

' FIN ANCIAL, | DISTRICT BANKERS' COUNCIL . TO ORGANIZE IN FEW DAYS {-And Other Action sociation Committees Will Be Named Taken—New Bank i Opens Tomorrow—Securities Prices. The execcutive council of the Dis- frict Bankers' Association will meet ®pon the return to the city of Howard Moran, secretary, for the Purpose of organizing, Harry V. Haynes, president of the ussociation 8aid yesterd: Mr. Moran s wEcheduled to return within the next Two weeks « LAt the o ation meeting, the wWairous committ for the ensuing Year wiil be named and passed upon, and other questions of moment will ®e discussed. 1t will also be decided then as to the advisability of hav- ing pr of the recent @ankers’ convention printed In book form and distributed among the mem- ®ers. This has b done in past years, but inasm as the expens thereby cntailed is quite heavy, the Question is open go de . but ‘it is understood a majority of the mem- bers favor its continuan: Those c the lings en ch executive Haynes, council Victor B. Frincis G son, jr, Howard Gatley, Robert V. Flemi ¥Michael, Boyd Taylor, Maurice Ot | terback and Joshua Evans, jr, local member of the administrative coun- eil of the American Bankers' Asso- ciation. Bank Opens Doors Tomorro The Prudential Bank, the new in- etitutoin for colored people, having a capital of $200,000, will open its doors at 715 Florida avenue tomorrow morning at 9 oclock. A general banking business. together with a savings departmment. will be car- ried on in its fine new home which was eretced at a cost said Lo approxi- mate §50,000 Prof. John R. Hawkins, financial secretary of the A. M. E. the institution’s president. Vice presidents include Dr. M. Curtis, « Thoma ker and Dy >, W. Price, while Banton is secretary and A men sentative body of coustitute the bank's directorat Charter granted by Controller @everal months ago. Good Volume of Trade, » Expansion in July is not expected, et the volume of : in many of ts departments e ¢+ normal for this scason. A litt - us to the financial re Crissinger cultural section other leading crops, ses hesitaney in some lines, and it is doubiful if n 3 T o much has de- o th pen, ome of the cotton crop, which is now at the critical period of its growth, vet a lurger acreuge and gene favorable con- ¢jrion in most ons up to this eems 1o assure a good outturn loaded car movement for the eck continucs much heavier, very largely the movement ago. Wholesale commodity show a predoj v a ax a y ar prices stiil declines as th ate that is being we! at relatively small ailers’ hands. Labor every part of the o employed a high w for and of commodi- ties Dry goods bu are now numer- ous the wholesale marke but are operating Wwith conservatis cwing to the uncertain price situa tion und the widely prevailing poll to fine purchuses as closely as possible to actual requirements, The fron and steel market shows some signs of betterment, but some new business is being placed desplte ex- cctations of lower prices, due to a rther concession in pig iron. The following latest bid and asked ROADS ASK I. C. C. FOR LEASE RIGHT Atlantic Coast and L. & N. Ready .3, to Take Over Clinchfield ¥4 Line for 999 Years. The & Louisviiie made form state for au The Atlantic Coast Line and the and Nashville railroads 1 application to the Inte srce Commission yvesterda to take over and opera Clinchfi and Ohio r the new institution was | prices for unlisted securities on the Washington Stock Exchange are d for t of holders issues. They are mot lsted under exchange rules. BONDS . Bid. Asked. A L o Doso Anucostin Bunk . 05 . Am. Comm'l and Suv'gs Bank.. 0 Bunking Trust & Mortgnge 9 apin Sacks 87 pfd....... izens Savings Bank. unecticut Ple €\ | Distric | Exchung | Northeust aviugs Buuk Par P Kk Nuviugs Huuk..... mac Kivings Hunk. .. dard National Bunk dngton Titie Inx. Co..... Washington Base Ball Clob. .. . Woodridge & Langdon Suv's Bk The persouncl of four of the commit- tees which will have charge of arrange- ments for the twelfth annual conven- tion of the Investment Bankers' Asso- clation of America, to be heild here Oc- tober 29 to 31, w announced last night by Harry V. Haynes, president of the Farmers and M anics’ Natlonal Bank, who is chairman of the general conven- tion committee The committees are Entertainment—George 0. Walson, president of the Liberty National Bank, W. J. Waller, vice president eral-American National Bank, paid, Y. E. Peters, John L Moore, of and chairman, Thomas W L. Dough- eriy & Co., an, and Kenneth | S. Wales, 3 . P. B. Me- John L. Edwards, William Mackall, PCRK . Jumes Sloan, jr.; Willlam i G. Moore nd J Crowder, Richard B. Winder, A . A Garrett John Poole, I, 2 ) Drury, eorge W. White, { Miiton . Larner, H. H McKee Transportation i f the Second esident of o vice chair- airman, D. Augell, man; F. H. E William W. Mackall, G. Bowie Chipman, J. W. Harrington, B. Lyddane, Jucobsen. { Publ —Frank P. Morse of R | mond & Co.. chuirman, and Charles Howe of the American and Trust Company, vice chairn Pope. H. W. Burnside, Y. jr. B. Dickinson, H. L. George O, V. E. Ri 5 : . Berryman and Edmund S. Rheem. Much Interext Shown. s Already there is widespread Interest among investment bankers throughout the country in the coming convention, and the Washington banking and in- vestment houses are determined to pare no effort in providing for the com- fort and entertainment of 1,000 or more distinguished visitors A comprchensive report of the plans being made here for the reception of the bankers will be g to the board of governors of the Investment Ba ers’ Association at the regular quarterly meeting Minneapolls tomorrow by Eugen Thompson of Cr: Parris Thompson already has received ances from lor members of several of the bigg: investment houses in the country of their Intention of coming to Washington for the 1923 gathering. Because of Washington's cl prox- ity to New York and other important K::mcml centers of the east, it is ex- ‘ted that the forthcoming convention e the largest in the history of the organization. BROKERS TAKE BULL SIDE OF MARKET Week Finds Many Switching From Bearish Opinions—Public More Interested. By the Associated Press. NEW YORK, July 21.—Marked improvement in speculative opinion was indicated in trading on the New York Stock Exchange during the iroad is owned by e, proposes ‘to 309 miles of Fobd under a 499-vear lease. Under the proposal the Louisville @und Nashvil and the Atlantic Coast Line will assume all of the mortgage indeptedness of the Clinchiieid system. In addition $25.000,000 of the common stock of the Clinchficld will be left outstanding in the hands of its pres- ent owners, and the leasing companies Euarantee to pay dividends upen this at the rate of 3 per cont until 1928, to increase the payment to 4 per cen tween 1928 and 1938, and to pay 5 per cent thereafter. The by th tor-its K y ylcation said, and an’ important link laehian mountains. Tho consolidation proposed was said to be in harmony with the general consolidation proposals which the In- terstate Commerce Commission has wade under the transportation act. “/WOULD TAKE BELT LINE. “The Kansas and Missourl Railroad end’Terminal Com terstate Comn tarday for i over &g complete the line of the Kansas Cily, Outer Belt and Electric Rail- sway Company, a belt line around Kansas City, Kan., now owned by the XKansas City, Mexico and Orient. In cognection with the reorganization, the', terminal company proposes to issub $800,000 in bonds,” $062,000 in commén stock and §481,000 fn pre- Tert v Stock. -WIRST SILK COCOON CROP. WRYILLE, Calif. July 21L—The first silk cocoon crop in the United Stages.is now being gathered at the Wyandotte Ik farm near _here. Plang are under way for establis ing twelve more cocooneries next year. FLOUR IS UNCHANGED. MINNEAPOLIS, Minn., July Flour unchanged, 6.10a6.20. Ship- nts, 5,504 barreis. Bran unchanged ath20.50221.00. Wheat, No. 1 north- ern, 1.04%al.11%; July, 1.03%; tember, 1.04%: December, 1. Corn, No: 3 yellow, $1%a82i. . 3 white, 35%ad6%. Flax, No. 1, ville expects v_outlet across the Appa- yes- | EX-DIVIDEND TABLE. , July 24— Allls " Chslmers, q. amilton-Brown She Willlam Wrigley, July 25— ©ray & Davis of.; a. July tehison, Topeka & Banta Fe, q mington Typewriter st DI.. Royal Dutch, final.... Btandard 01l of Ohio Pf.. .. cco Products A, Q. uly 81— meri week, the course of stock prices turning definitely upward, with a resultant switch to the bull side by several commission houses which have been strongly bearish. There was a noticeable increase in public interest, as shown in the larger volume of sales, and a re- newal of talk of recapitalization plans and industrial mergers, always an accompaniment of a bull market. Commodity markets also recorded moderate improvement. Market observers were inclined to credit the turn upward to the in- fluence of a growing belief in new plans for settling the Ruhr occupa- tion problem, but other factors also entered into the more optimistic sentiment among investors and pro- fessional traders. These included the volcing of faith in future business by Stewart Warner directors, who placed that company’s definitely on a 10 per cent dividend basle; the declaration of an extra dividend on the preferred stock of Republic Steel, and a reported increase in orders for steel. CURB MARKET IMPROVES. Many Issues Make Extended Ad- vances During Week. NEW YORK, July 21—There was o general improvement In trading conditions during the past week, sub- stantial advances being made in many issues, trading increasing in volume espeolally toward the end of the weelk. Roading issues were the most promi- nent features, the new common stock, traded in when issued, advanc- ing from 39 to 42; and the rights, Which sold as low as 1415 early in the week, later advanced to above 19. Glen Alden Coal was in Increased de- mand, advancing 4 points to above 72, and there was a good inquiry at advances for other coal stocks, in- cluding Delaware, Lackawanna and Western Coal. Local transportation lssues were "also strong features, Brooklyn City Raflway making & gain of % and Hudson Company pre- ferred rose 134 to 16%. cks moved exactly oppost to existing trade conditions, tur(h:; decreases in crude ofl being without influence on trading in those stocks and many made substantial galns. Standard Ofl of)y Kentucky, which sold as low as 893, moved up to $4%, and 26. Nebraska ran@ed from 212 to STUDY FIRM’S AFFAIRS. Creditors; of Frank H. Barrett Wait for Statement. USTA, Ga.,, July 21.—Creditor: ett and Company, local cotf continued their conference ank H. Barrett and his at- tornefys here today. The statement of Parrett's attorneys, in which It wag expected would be detalls of the n‘l'/'ll'u financial straits, was not forth- cédming today, and no definite infor- tion was n.v;gable late this after- to tement fl’l:fl'unfi. e ‘“ AUG of Baj ton with THE SUNDAY STAR, WASHINGTON, D. RANGE OF MARKET AVERAGES | 1922 — 1921 2°QUAR. QUARF™QUAR. 1"Q PQUAR. £™QUA QUAI 2. NEEEEFILYR HERENLAME The chart above shows the high tive stocks dealt in on the New York April, 1 up to and represents 20 industrials and outlly volunie of sales of all KA Wall Street Journal BONDS. and P. Tel. of Va. 5s.... Pot. River R. R phone 1st 5s 3o 00—Capital Traction 1 1060« s 1. ,000—Metropol an . 1st 5 Power 1st bs 45,000—Pot. 113,000—Pot. Power cons. 5 Power de Fower » Balt. and An Gas Light ge §00—Dist. of Col. Paper Mfg. 13.000—Riggs Realty (long) bs 4.600—Wiash. Market Cold Stge. 00—Waraman Park 6S...... res. STOCKS, Capltal Traction ... —Washington con prd ct ‘arm. and Mech, —Liberty National ational 406—Riggs National Bank.. 46—Federal-American ..... 5 b54—Amer. Security and Trust.. 324—Continental Trust and Trust Bank. and avings Bank | Com'l Bank.. . and 31—Fireme: lnsurance 41—Real Estate Title Insuranc crgenthaler Linotype anston Monotype 2 urity Storage Co. 6523—Washington Market Metropolitan Bank. nd 1 I‘I ow Stock ¥ ages the third we o curvy Open. &7 9815 1017, 9614 90 UNLISTED DEPARTMENT. of forty representa- om the first week of Solid curve ectlon indicates ompiled by the Up to and including Friday, July 20, 1923, The Year 1923 to Date on the Washington Stock Exchange. rnished by W. B. Hibbs & Co. Hibbs Building. High. kL) 87 Low. a4 87 97 Close. M 87 975 1015 97 50—American_Com. and Savings Bank... 13 12 12 12 30—Banking Trust and Mortgage .10 10% 10 10% 3. PEGEE SUesasi ot L 100 100 100 100 avings Bank. 12 12 ux 12 1—Departmental Bank .. 1% % 1% 7% 46—District Title Insurance... SESARES T 15" 15 15 36—Washington Title Insurance.. b 5 5 5 _— s OIL STOCKS SOLD. Rest of Market Holds Well in Sat- urday Trading. NEW YORK, July 21.—Today’s stock market gave concrete evidence of the changed speculative senti- ment. Prices closed somewhat irreg- ular, but losses resulting from a wave of short selling in the oll stocks generally were recovered on last- minute buying and short covering. A strong demand for stocks of the eastern group of railroads, however, frightened the bear traders and turned practically the entire list up- ward, with the result that most of the early losses were wiped out. New ork Central closed 1% higher and Reading was up 13. ‘The tsual leaders moved In a nar- row trading area. United States Steel was unchanged on a small turnover, while Studebaker and American Can eased fractionally. Amerfcan Car preferred was three polnts higher at the close. The weekly clearing house state- ment showed a, decrease in loans, dls- counts and investments of $60.6: and a drop of $9,946,000 in the resery of member banks in the federal re- serve bank. Net demand deposits de- clined_$39,797,000 and time deposits fell off $5,726,000. LIVE STOCK MARKETS. BALTIMORE, Md, July 21 (Spe- cfal).—The general live cattle market continues easy under ample receipts of top grade cattle and demand only fair, but to common to ordinary stock in ample receipt and slow to find favor. Wharf receipts, generally light, but ample at stock yards. Quotations today at Light street ‘whart. Beef cattle—First quality, 1b, 8 medium, 1b, § to 7. Bulls, as to quality, 1b., 4 to 6. Cows, choice to fancy, ib, 5 to 6; common to fair, 'l‘b., zxés to 4. Oxen, as to quality, Ib., o 6. Milk cows, ohoice to fancy—Head, 50.00 to 75.00; common to falr, head, 30.00 to 50.00. Calves, veal, choice, 1b. — to 10. Ordinary to medium, Ib, to 9. Rough common, thin, 1b.,’5 to 7. Sheep—Choice, 1b., 4 to 4%. OId bucks, 1b., 3 to 4. Common, Ib, 2 to 2%. Lambs, spring, choice, 'Ib., 12 to 12%. Fair to good, ib,, 10 to 11. Common—Thin, 1b.,'8 to 9. Hogs, straight, Ib, 7 to 8. Sows, 1b., § to 6. Stags ‘and boars—Ib., 4 to 5. Live Pigs, as to size and quality, 1b., 10 to 12" 'Shoats, Ib., 8 to 10. NEW YORK, July 21.—Cattle—re- ceipts, 450 heads; no trading. Calves—receipts, 800 heads; quiet; southern calves, 7.00a10.00. Sheep and lnmb»—recelp;& 5990 head; Irregular. _Sheep, 0a6.50 culls, 2.00a3.00; lambs, 8.00a13.25; culls, 7.00. Hogs—receipts, 1,980: qufet; me- dium _to heave weighta 8.25a8.50, pigs, 8.0028.26; roughs, 6.50a6.00. . Seaweed found on thg shores of the Chemioat Which, combined: with cout com| yery successful fuel, “* MACARONI MAKERS MERGE INTERESTS By the Associated Press. nou nat) nced ians in th leder and owned the co; today. The e deal aude Ashbrook. CINCINNATI, July 21.—Merger of three large macaron! manufacturing concerns and a large sauce manufac- turing company, involving the pur- chase of more than a million dollars’ worth of stock of one corporation, in Which the controlling interest was held by two Cincinnatians, was ai two Cincin- are Otto Arm- They ntrolling interest in the common stock of the Foulds Milling Compan; ern capitalists. The Foulds Company is located at Lib from Armleder said today that he ertyville, icago. 1 thirty-five and have sold this to east- miles rmleder is president of the company and Ashbrook is one of the directors. nd Ashbrook have sold out interests in the. milling McMullen of Cumber of Detrolt, who, he under- | sto New a, ompan: New to Robert M. ork, and B. L. were assoclated with other York capitalists in the deal. They have organized the Foulds Com pan: 4 of New York, and have com- pleted arrangements for the purchase the Warner Macaroni out; Company of Syracuse, N. Y. cock Macaroni Company of right of ., the Wood- { Rochester, N. Y., and the Palisade Manufacturing Company of West Hoboken, manufacturers of sauce, sald e hig] Corn Also Up. By the Associated Press. CHICAGO, July 21.—Wheat steadied today, showing gains on the distant options at the close. The volume was small, but reports of black rust and hot weather dam- age in the northwest, and, later, of revived export demand, pushed up prices. Wheat closed % off to ¥a% high- er, with September 99%a99% and De- cember I.02%al.02% to 1.023%. Corn showed gains varying from to % to 1%a1%; oats were 1.08 to her, changed to 15 up. The farm bureau’s plan for holdin | WHEAT OPTIONS GAIN IN SATURDAY TRADING Prites Go Higher on Reports of Revived Export Demand. N. 3o and _provisions were un- the crop on the farms had little ef- fect on the market. Preliminary ar- rangements for the execution of the plan could not be made before the new crop movement, traders held. DOLLINGS OFFICE CLOSED. ANDERSON, Ind., July 21. cal office of the R. L. Dollings Com- By o any of Indiana was closed today t _McBride, Indianapolis bank- Bt A 3 A mu-u. -The lo- for IS VERY CAUTICUS Copper Shade Easier—Tin and Zinc Quiet—Status of Other Metals. By the Associated Press. NEW YORK, July 21.—Steel buyers have assumed & very conservative at- titude relative to mew business and orders being booked are much under producers capacity. In some quar- ters there is a disposition to antici- pate a reductlon in prices, but so far the market has held up remarkably well and shows a good undertone, Wwith no evidence of any overabun- dance of supplies. Pig iron Is quict and easy. A great many furnaces are closing down, and the prospective falling off In production has resulted in a little mofa buying in some directions. Copper has ruled a shade easler. A moderate export demand was re- ported, and while most of the pro- ducers are holding for 14%, there has been some shading of prices. T! forelgn demand has boen chiefly for shipment to England, France and rmany. According to the com- pleted government figures, imports of copper during May were the heav- for July are expected to show about 4,600 tons, compared with about 6 the average of récent months. (on- Sumers are showing but little intere: Lead showed firmness, especially at the west There was some inquiry for jmmediate needs from consumers, but operators are the principal buy ers at the nioment, tn ant pation of a broadentng activity this fa As buyers of zine are well sup- plied for nearby nceds, the market 54,000,000 1n March. ports for any November, 1 Tin was quiet. American deliver fest on record, amounting to 76,160,000 pounds, against 34,720,000 in April and The largest im- one month previously Were 70,920,000 pounds, reported in was quiet. It is reported that pro- duction will be limited to about 9,000 tons per week, thus sumption. Antimony quiet and unchanged equaling con- BALTIMORE PBO;UCE. BALTIMOR Md., July 21 (Spe- cial).—Native and near-by cantelopes made their first appearance on the market this week and cleaned up rapidly at to 175 per basket. Receipts so far have b only moderate and with demand good. liberal shipments are advisable, as prices will probably hold good next week. Early June applie have been in market rules casy barrel, 25 125 4-8 n however, receipt t 1.00 to L 110 per bushel and 5 5 per 4-8 basket. Only large, well culled stack, however, fs in 4 mand, and shipments of small, knotty apples are not advisuble, as they hard!' bring freight charges. Blackberrie: huckleberries and raspberrfes are in moderate receipt and in fairly good demand at 12 20 & quart, 14 to 18 a quart and 20 to 22 a quart. respectively. Red r; SD- berries are in good demand at 10 to 12 a pint. Cherries when of good quality meet with ready sale at 10 to 15 a pound, and plums are fairly active at 40 to 80 per 4-S basket. Native and nearby new potate are in ample rec and the marke generally rules at 400 to 5.00 a barrel and 150 to 2.00 for No. 2s Bushel stock tter demand at 1.50 to 1. 7 to 90 for 2 stock. Bag lots of native and ne 100 pound: selling mostly 5 3.00 and 1.50 to 2.00 for No, 2s. Native and nearby garden truck continues in good demand under only fairly liberal receipts, and the market rules steady to firm at the following prices: Green and wax beans 1.00 to 1.10 a bushel, with stringless varieties bringing from 25 to 30 cents a bushel premium. Lima beans are in good demand at 3.00 to 3.50 a bushel, with receipts hardly being equal to the demand when stock iy of good qual- ity. Cabbage in plentiful supply and uniess of good quality will not bring top quotations of 6.00 to 12.00 per hundred. Beets and carrots in_am- ple supply and slow sale at 4.00 to 6.00 a hundred. Cucumbers and egg plants are selling fairly well at 50 to 60 per 4-8 basket for the former and 1.50 to 1.76 for the latter. Native and nearby corn continues in active demand, with no surplus in the daily recelpts, at 20 to 35 a dozen for the former and 10 to 20 for the latter. Lettuce in plentiful supply and market rules easy at 00 to 1.00 per bushel. Peppers in only mod- erate receipt and in good demand at 75 to 1.00 per 4-8 basket. Squash continues in liberal receipt and prices mostly in buyers' favor at 20 to 25 per 4-8 basket Tomatoes in more liberal receipt the past week and market rules easy at 1.00 to 1.25 per 4-8 basket and 50 to 75 for green. Maryland and Virginia onfons are also in liberal receipt and market rules easy at 75 to 1.50 per bushel and 3.00 to 350 a barrel. Receipts of strictly fresh native and nearby eggs have been a little below fair this week, but demand has been less active for trade wants, and the mar- ket closed easy at a dozen for firsts, with average receipts selling at sharp discounts, as buyers are very critical and prompt. and liberal ship- ments are advisable while the hot weather continues. The general live pouitry market rules easy under lib- eral receipts, with most of arrivals being small, for which demand s less active. Large spring chickens two pounds and over will bring 37 and 3§ a pound, while small to medium are selling 30 to 38. Leghorns will not bring over 25 to 30. Large old hens are selling 25 and 26, and medium 22 to 24( but leghorns, large and small, will not bring over 20. Old roosters plentiful at 15 and 16. Ducks are in ample supply and slow sale at 14 to 20, but spring ducks are scarce and wanted at 26 to 27 and 20 to 22 for small and poor. Market for pigeons# continues dull and re- ceipts ample for all trade wants at 25 2 pair for both young and old. OFFER TO SETTLE IN BIG FAILURE Winkleman & Co. Said to Be Ready to Pay 40 Cents on the Dollar. By the Associated Press. NEW_YORK, July 21.—Creditors of L. L. Winkleman & Co. bankrupt brokers, who failed in June, with la- bilities of $1,750,000, were offered a settlement today at a meeting with the bankrupts. . Robert P. Davis, attorney for the recelvers, announced that an offer had been made, but refused to con- firm reports that the offer was 40 cents on the dollar. He sgid no ac- tion yet had been taken by the cred- itors’ committee. —_— COW BREAKS RECORD. YORK, Pa., July 21.—Jessfe Malda Ruth, the registered Holstein cow on the farm of H. E. Robertson near Stony Brook, has annexed another state champlonship record, having broken all records in the thirty-day division. This same cow some time ago made a new state record for seven days by producing 742 8-10 pounds of milk, During the last thirty days she has given 8,118 3-10 pounds and is reported as still growing strong. She "Mm as the thirty-day cham- whose milk record was 3,010 Dflu':: 3.00 @ in de- to se-cati the Charles . ton, who had the Journey One Long uccession of Objections. says, in spiriting the woolly creatures ¢, JULY 22 1923—PART 1. '[[ ‘.‘Cheese-Eating” Wolves From Steppes BUYING INS EI' -May Be Presented to Washington Zoo Brought Back by D. C. Man From Russia. s0 be: the American Rellet Assoclation and Sh - not to play with the wolves, however g wolves from RUS- | mych he enjoyed that bypiay. And far-away Khurgl|Russia, because of the work of the ted a hec-|A. R. A there, he says, i8 very the wards of | frlendly toward America. of Washing- Recognftion Urged. time of his life, he across customs borders, and through { b¥ the hotels of Europe. Yes, they are cheese-cating, Mr.|in Willoughby belleves, because the| 1 « threatened back to Germ: wild pets, they ahead of the as charge the American country, but one day, came back leave too; so_the journey to the The trouble s explains, when h out foxes. sce? went through. “Thes was accosted u country. “But, he The Prussian Dutchmen made all sorts of troubles s, because, you see, Holland, they were ¥ a2 for the anim: sides, one elty of Rotterdam, in Holland. where he was marconed for a v on account of his —But that story. Sought Wolf Pups. tribution Relief As Russia, tried for weeks, he said to get some wolf pups to bring back to this without success, to his surpris. * queer looking box from the -ppes—just before he was to for the United “wolvelets from a Russlan agent ¢ can Rellef Assoclation, of Russia, because take foxes out of Russia. The cus- toms agent stopped him on the way out, thinking the animals might be are wolves, can't you sald Willoughby. Stopped Everywhere. topped later by the Polish agents, n't bring wolves sald Willoughby,” can’t you see these are Russian foxes? I'm on my way to America, and I've got to Eet these through.” is supposed whole day sportation is er: with ¢ th is getting to American agent in | fa of food, for selation in until Moscow th W . in States, it was present Amerl- a the started their land of their adoption, little knowing the adventures ahead. arted, Willoughby attempted to get one can't x| s0 wolves. nomens ar e“Nitchev | duesn't matter.” This was because Nitchevo wanted to do nothing at | first but eat and sleep. | "But “Chechas’ was different. Some Snap to “hechas, whose ne in Russian means “Right aw: Tha %o may be turned over to the Zoo iere. Willoughby liked the wolves of Russia, shooting four man-eaters with his own firear: He hi brought back the skins io prove it too. Because—well, you know Bill But help feed the Russian and communism needs most, accord- ing to Mr. Willoughby, By advice and assistance of vital need which 18 fast supplanting com tic practices throughout the country, Russia, Mr. Willoughby believes. hav porary, plainad, tionalistic practices of communism. With good crops this year, the Rus- sians stand in a fair chance to help fact that Col. Willium N. Haskell, di- | rector for Russia of the American Re. lief Assoclation, and his whole Rus- slan machine now are withdrawing from that country. tion," worker, FINANCIAD. mething more substantial than rub- r nipples and milk. May Be Given to Zoo. have Russian names, these Their unpronounceable cog- " meaning “It They state. Willoughby went to Russla to children for | What that country of the soviet is recognition some friendly power, who could en be in a position to glve friendly he N. E. P. or of Russia, nis- an acceptable way. ew economic policy, helm pi . e tent, We Can Manage Y our Property Efficiently —Because we have had over a quarter of a cen- tury experience special- izing in this business. RENTS B. F. SAUL CO. Mortgage Loans 1412 Eye St. N.W. Phone Main 2100 £ the ship , he reports hold forth the promise of a real fu ture for Russia, even with the soviet leaders at the Forelgn c: has come In to far has been wary of the confl of but o ory rapidly bringing back private own- ship and competition ~throughout Al- ough some of the soviet leaders declared the N.E.P. was only tem- with the intention of return communism, Mr. Willoughby ex- | the real tendency now is rther away than ever from the na- operating Good Crops in Prospeet. emselves for the coming year, Mr. illoughby believes, referring to the Partici Disidend only. “Russia now needs real reconstruc- slad the American rellef | “instead of temporary and pedient food relief.” The great re- urces of the country, he belleves, And the pets Becured by first deed of frust on real estate. Money to Loan with the protes into this guards and the AT wild.” And be- to take mno animals fnto Holland without long inspection at quarantine. So it was that in_the Hotel Amer- fea, in the Hook of Holland, Mr. Wil- loughby finally obtained permission to leave the pets outside of the ho- tel, in the quiet orderly little street. Settled down for a restful he says, all go to bed at 10 early, because, “Hoolk, night, the folks clock in the the populace was aroused by the howling of the wolves. rude volce, can’t stand night by your have to get out Foreed to Move Om. ‘You'll have to move rousing Willoughb; the door of his room. 5 pac to be Kkept wild wolves. on,” said a at “The people awake all You'll of town.” So the pet animal man packed up in the middle of the night, caught a train soon, and arrived in the early mornin Te at Rotterdam, in Holland, there, Willoughby sald, he could get |} no accommodations, and so d: off | sitting on a bench. at the station, with the wolves’ wrist. Wakin the tethers. there, evidently. tethers about his later, he tugged at he pets were still But where? He smeiled a pecultar odor, and looking about, wrapped substance. led that way. percelved in_burlap, The chains of the wolves a huge bundle or some such Ate Into Cheest Holland! there Cheeses! were those wolves, Discovered, burrowed deep into a rich golden cheese, with a hole big enough for two, and only their noses sticking out. 'They had dug in. Yanking the ‘Willoughby 1loo] tried to the wild animals. knew exactly eight words of Eng- 1is® came along. loughby, heard the story, and helped him out of his predicament, and onto a train. Fed With Ceremony. That was the place. for In the Hotel Continental at Parls, Mr. Willoughby said, the man- t first positively refused to animals. Gay Paree! wolves. agement keep ti courtyard handy. them over night fn. the couftyard. ets out of their hole, ed frantically about for the owner of the cheeses, hoping he was not there. down the platform, he tried to find out when the next train left. detain_him on account of Pacing ‘up and| They But a chap who Tuckily for Wil There was a He might kee But only till morning. When morn-} ing came the management relented, and when they discovered what great attraction the walters were asi ots became two gned to bring me- ticulously prepared chopped meat on a silver platter and milk in a bowl, with gr la ceremony, and be- fore the assembled guests feed .the “distinguished"” But that the beasts s gratitude. - They rubber nipy to thelr Bowever, jthey i n forelgn quadreped t was back in Minsk, Russia, owed their dire in- 'e’ll“awed up’ ‘“d%hs nsk,”_according Wolf like, STV IR usual sou consideral Continental Trust Company Capital One Million Dollars 14th & H Streets First Mortgage Notes Are carefully selected and placed on an absolute margin of safety. The Service We Give Insures prompt collecting and re- mitting of interest. All details cau- tiously supervised, 'that the property is properly cared’ for, adequately in- sured, taxes paid. ~Certified Insured titles’ furnished without cost. Our experfence extends over a perfod of many years without the loss of & single penny in either principal or inferest. Notes of $250 Up to $5,000 Now on Hand Chas. D. Sager 924 14th St. N.W. Main 36—Loan Dept. 50 Nat. t Come in and let us explain our gf making small loans. v Boom 211, 921 10th St. N'W. nmz Copyrighted & Patent Pending. solely for meet expenses and other lnans can Main 7283 MORTGAGE MONEY —and others funds for FIRST MORTGAGES. WE CARRY ALL 1|10% Preferred Stock Of the Lenox Office Bullding Owners, ine , the 7-story office building “Lenox Office Bldg., 1523 L Street Northwest 75,000 autborized. £30,000 sold in = Remainder for ssie at par, $100. FEATURES. Cumulative; preferred dividends, 109, tn Commen Stock tes “equally Preferred as to assets after 1st trust Retirable at $125 per share. OBJECT. The proceeds of this sale azc 0 be used the retirement of existing foans, exclusive of Ist trust, asd (b) to of remodeling Test of build- third to seventh floors inclusive, for co purposes. EXPLANATION. The owners of this building prefer to large returs to 1o individ ther than stand the excessive cost of Prevaiing interest and commiesion. || U DAY o Ll maner: The under- Joseph 1. Weller $72 Voar Se 5™ || writing commissions, curtailmer urces are undu bly muore cost! A thorough examination of this offer will reveal this {8 an absolutely sound invest- ment, without any element of infation or speculation. Fiscal Agents Edmund J. Flynn Co., Inc. 1523 L St N.W. EXECUTORS TRUSTEES hav High- SECOND TRUSTS NATIONAL HOMES and FINANCE CORP. 501-508 WOODWARD BLDG. Phone 970 Main T WILL SELL Mort. & Invi Units a (Yielding 10%) THOMAS L. HUME, Broker 1412 G Street. 1f You Belleve in The United States You Belleve in Washington! We Have Funds Available For Building Loans / Residential and Business Construction of Approved Character and Location Prompt Action on Applications it See Mr. White—Loan Dept. WANK: 813 15th St. N.W. RM& ance of public offcring. iy than even extremely attractive Preferred Stock fssu knows A m the o nad th ing class . 1% 10 Intnl Fin. Corpm. Units at., 75 4 Genl. Fin. & Sec. Units at 75 3 Departmental Hank at...... 81 500 Miller Train Comtrol at. . 110 40 Utah-Idaho Sugar. .bid wanted 65 Chapin-Sacks “A” at. 45 60 Chapin-Sacks 7% pfd. at. ™ Main 1346, =