Evening Star Newspaper, July 29, 1923, Page 27

FINANCIAL MORE COMMITTEES APPOINTED fl)R BANKING CONVENTION HERE Chairman Haynes Makes Further Plans for Investment Session—Local Clerks Show Little Interest in N.Y. Union. Harry V. Haynes, chairman of the general committee in charge of ar- rangements for the twelfth annual convention of the Investment Bank- ers' Assoclation, has made public the following names who will constitute his finance committee during the meetings: 5 Robert V. Fleming, vice president Riggs National Bank, chairman; H. K. . Peachy, Brooke, Stokes & Co., vice chairman; Arthur Foraker, E. Quiney Peters, Walter F. Martin, E. E. Thompson, Y. E. Booker, jr.; Elmer Sauter, John L. Edwards, J. Willlam Harrington, A. C. Flather, Henry P. Erwin, Winslow B. Van Deventer, Donald McKnew, Robert Stead, Charles P. Light, Coleman Jennings, Frank P. Morse, 'A. Hermer Reeside, F. R. Eilis, Willlam Mackall, C. R: Kurts, Corcoran _Thom, Howard Moran, E. Percival Wilson, George E. Fleming, Frank B. Harmon, George 0. Walson, Lawrence Slaughter. C. B. Lyddane, Frank_ B/ Stryker, Hilleary Oftutt, jr. C. F. Jacobsen, H. B. Meehan, Frank G. Addison, jr.; Julius 1. Peyser, John B. Cochran, George L. tarkey, ‘A. S. Gatley and H. H. Mc- ee. The badge committee has also been selected, and consists of the follow- ing: D. H. McKnew of Hambleton & Co.. chairman: Boyd Taylor, Wash- ington Loan and Trust Company, vice chairman; Carroll Morgan, T. L. Hume, jr.. Kenneth Wales, Hugh Webster; Owen Thompson and H. W. Pardoe. The committee on automobiles, which will provide transportation facilities for the assembled delegates, consists of the following: R. D. M. Proctor. Edward D. Kenneth S. Wales, Arthur Fprake-. E. Quincy Peters, W. F. BOothe, Leon Shore, Thomas W. Bra- hany, A. Chester Flather, Fram M. Mall, Raymond J. Sauter, Donald Me- Knew, G. Bowle Chipman, Robert Stead, Richard B. Winder, Page Irving, George A. Garrett, T. Baker Robinson, Graham B. Hodges, Frank- lin R Ellls, James Weir, Willlam Mackall, George M. Ferris, Carl R Kurtz and James Sloan, jr. Prices of Unlinted Securitiex. The latest bid and asked prices for Securities on the unlisted department of the local exchange are printed herewith for the guidance of holders of these issues R. BONDS. Asked. Army and Navy Club 5s Cosmos Club 4% Cosmos Club 41,% City Club 7x. 7 Metropolitan Club 3L STOCKS! Diistrict Title Tus. Co. Capltol Saviy heast Savings Rank Park Savings Bank Savines Bank.. Standard Washingion Title I, Washington Buse Bali €T < Woodridge & Langdon Sav's k. Bank Clerks’ Union Unlikely Here. The secret effortss to persuade the 20.000 emploves of New York banks «nd trust computies to join the Boo keepers, Stenographers and fAccount- ants' Union in an organization of “white " collar workers,” now being carried on by the unfon’s officlals with the backing of the American Federation of Labor, will meet with failure i€ attempted in Washington, representative members of Jocal banks' junior personnel declared ye: terday. “We regard our chosen profession too highly to be led into such a foolish movement as thix.” one chap declared. “A good majority of us have taken up American Institute of Banking work. in order to better qualify ourselves for what naturally comes to the willing and adept er, and th alone should prove usively we are taking our posi- tipns seriously. Of course, generally speaking, we receive only nominal salarles at first, but a golden oppor- tunity is ours to make what we can of it. These opportunities cannot be created, nor brought to earlier real- ization by high-handed and hold-up policles, which is our way of describ- ing the proposed unionism.” From this it appears effort to mobilize local would be futlle. Generally speaking, they are a self-satisfied lot, and while their wage scale is not stu- pendous they cousider it sufficient to meet their present needs. Moreover, opportunities for advancement come WHEAT GOES LOWER, i CORN HITS NEW TOP Saturday Market Marked by Hedging Sales—Slump in Provision Prices. By the Assoclated Press. CHICAGO. July 28.—Fresh down- turns in_the value of wheat took place today largely as a result of hedging sales of newly harvested wheat and in line with weakness of stocks and cotton. Wheat prices closed heavy. 1% to 17 net lower; September 953 to 957 and Decem- ber 99% to 99%. Corn finished at a 1gnge varying from 8 decline to 3, mdvance; oats, laal 10 % down, and provisions, § to 32 off. 4End ‘of ‘the month bidding on the pa¥t of shorts lifted July corn to the topmost price vet this season, 39%. Longs then sold, however, and PB#s cani-of the Misatasippl tended Oats de- that any bank workers 160 to ease the market. cfined with corn. Provisions were affected by grain weakness, despite a rise in hog v ues. ». EX-DIVIDEND TABLE. Jdly 31— Atmerican Can, q.. Bragillan Tr., L. & P a.. 1l Colurado Gas & Elec. (new), a. Tpteriype_Corporatien. 4. £ Square Garden A, fnc.. q :_Jersey Zinc, Q. Nortlk & Western p! Puflifian Company, 4. Westsield Mfg. pf Westteld Mg Angust 1— lkomated Sugar Ist pf., q.. France F. E., q... diator pr., a. o Fountain, 'q. ter Works & Ei. AR Water Works & Ei. 7 Bjjfns - Bros., Class A extra Biths Bros., Claws A, a. Butd# Bros., Class B, ChE; {6t Paul, Mpes. N Chb7 8t Paul, Mpes. & Omaha D! a LB e e 88328328y, 5338 3 . pf.. . Eiuctads Cons, OIF 4. Finclair Cons. OIl pf., 4. Buperdor Steel 1at pr., - Buperjor Steel 24 pf., @ Weat Peay Co. cum. pf. with greater frequency in banking than perhaps in any other line, and salary increases are always attend- ant with promotions. It is recalled that several years ago employes of a large New York na- tional bank banded themselves to- gether, salary Increases being the motive. Officlals of the institution refused to be “held up” and a bank clerk strike ensued. The strike failed of its purpose, as other banking in- stitutions came to the aid of the one in difficulty, supplying a corps of clerks. Ringleaders of the striking force were discharged and “black- listed” by every banking institution in the cit, while the remainder of the employes were allowed to return to their old positions at the same salary, which they did. It would appear that working con- ditlons here are much pleasanter than in the greatest metropolis. BONDS TURN HEAVY. Foreign and Railroad Groups Weakest on Saturday. NEW YORK, July 28 —Bond prices turned decidedly heavy in today's brief session of the market, the largest losses being recorded in the foreign and railroad Kroups. Liquidation by investors who are worrled over the outcome of the German political and reparations situation resulted in recessions of a point_or more in Bordeaux ¢'s, Bel- glan 8s, Prague 7 Chinese 58, Mexican bs, and Bolivian s while a number of others yielded fraction- ally. United States government registered recessions of 1-32 of one polnt. St. Paul mortgages were pressed for sale, the convertible 4'3s drop- ping 1%, and the refunding 415, 23%. Losses of a_point or more also were scored by Chicago and Eastern Illi- nois os. Southern Rallway 6lxs and Interborough Rapid Transit refund- ing 5s stamped. COTTON TAKES TUMBLE. issues to 5-32 Downward Trend Continues in Sat- urday Market. NEW YORK. July 28—Although Wall street covering developed in the cotton market on a large scale to- day, especially when October reached 1.10. or 40 points down from the previous night, it failed to have more than a temporary effect on the down- ward trend of prices. The advent of quite general rains in central and northern Texas, reaching two Inches at some points, caused a renewal of selling pressure in such volume that the market gave way rapidly and at the close was practically at lowest point of the day on new crop po- sitlons, with the entire closing range from 36 to 75 points net lower. The near months experienced the greatest decline and dropped to practically the same level as the later crop months. September in particular declining 110 points to 21.30. NEW ORLEANS. La., July 2§ ton futures closed barely stead net declines of 41 to 46 points. Clo: October, 20.43a20.47; Dec.. 20.48a20.55 January, 20.51 bid to 2 March 21.05: May, 20.57. 100 points lower ;middling, LIVE STOCK MARKETS. BALTIMORE, Md, July 28 (Spe- cfal).—The general live cattle mar- ket rules steady but quiet, with re- ceipts running ample and only top- grade stock meeting with a fair de- mand. and all common to ordinar cattle slow sale even at sharp d counts. Quotations today at Light street wharf: Beef cattle—First quality. § to 9: medium, 6 to 7. Bulls, as to quality, 4 to 6. Cows, choice to fancy. 5 to 6: | common to fair, to 4. Oxen, as| to quality, 4 to Milk cows, choice to fancy, head. 50.00 to 75.00; common to fair, 30.00 to 50.00. Calves, veal. choice, 10 to 103; or- dinary to medlum, 8 to 9; rough, common, thin, 5 to'7. Sheep, choice, 4 to 41, Old bucks, 3 to 4; common, 2 to 21; Lambs, sapring, choice, 13 to 12'%: fair to good. 10 to 11; com- mon, thin. 8 to . Hogs, straight, 7 to 8. Sows. 5 to 6. Stags and boars, 4 to 5. Live pigs, as to size and qual- ity, 10 to 12. Shoats, as to size and quality, 8 to 10. | NEW YORK. July 28.—Cattle—Re- | . 155 head. No trading. Calves . 500 head: steady Veals, 10.00a16.50; culls, 7.0089.00. Sheep | and lambs—Receipts, 3,600 head; ir- regular. Sheep. 3.50a6.00; culls, 2.00a 3.00; lambs, 9.00215.00; culls, 7.00a 8.0 Hogs—Receipts, 1,900 head. No trading: feeling nominally unchanged at 8.50a8.60 for medjum weights; pigs and heavy hogs, 8.26a8.40; roughs, 5.60a6.00. FINANCIAL NOTES. During the six months ended June 20 last the B. F. Goodrich Compan made net sales amounting to $54,07 926 and carried net profit of, $3.00 385 to eurplus account. The compan; declared the regular quarterly divi dend of 1% per cent on its preferred stock, payable October 1 to stock- holders of record Sentember 21. Gray & Davis, Inc., report net sales of $2,455,338 for the six months ended June 30 this year, as compared with $1,679,582 in the xame period last vear. | Balance for the haif year was $128,060 for common, after preferred dividends, or 95 cents a share on the 134,000 shares outstanding. Net income for Virginia Rallway and Power Company in June galned close to $25.000 over that for the same month of 1922, being $99,153, computed after depreciation and other charges. Net for the first half of 1923 was $686,017, or about $500,- 000 more than the corresponding per- iod last year. FIRE TRUCK WRECKED. Mount Rainier Fire Engine ca\-l lides With Automobile. Special Dispatch to The Star. HYATTSVILLE, Md., July 28.— ‘While responding to an alarm of fire at College Park, one of the trucks of the Mount Rainfer fire department, driven by K. A. Young, collided with an automobile operated by George Harrison, j of College Park this Spot_qulet; 22.00. is belleved to have a broken leg. He was taken to a Washington Hospital. The house of Dr. E. N. Pickens, Hopkins avenue, College Park, was struck by lightning during the storm. The chimney was partially torn away and the lightning went through the third story, through the roof and down the rainspout. Only slight damage was done. —— SUE BIG TRUCK COMPANY. ST. LOUIS, July 28.—Eight stock- holders of the Power Truck and Trac- tor Company, at $2,800,000 corporation, today filed suit in circult court for the appointment of & receiver and an injunction restraining the further fs- suance or sale of stock. The petition alleges the officers conspired to de- fraud the stockholders. It is said the company has 2,200 stockholders in Kansas City, Detroit and 8t. Louis. THE_SUNDAY STAR, WASHINGTON, D. C, JULY 29, 1923—PART RANGE OF MARKET AVERAGES o e LW The chart above shows the high and lo tive gtocks dealt in on the New York Stock E April, 1921, up to and including the fourth week of July, 1923, represents 20 industrials and outline curve 20 rails. Avernges used are those compiled by the volume of sales of all stocks. Wall Street Journal. The Year 1923 to Date on the Washington Stock Exchange. FI‘PIII‘Q. by W. B. Hibbs & Co. S Sales BONDS. $7.000—C. and P. Tel. of Va. & 4,000—Ana. and Pot. River R, 33,000—C. and P. Telephone 1st 44.000—P. E. P. 6s..... . 140,000—Capital Traction 1st bs. 24,600—Georgetown Gas Lt 3.000—Metropolitan R. R. 1Is 45,000—Pot. Power 1st § 114,000—Pot. Power cons. 16,000— Pot. ec. Power deb 6 59,600—Pot. Elec. Power gen. 8,000—Wash., Balt. and Annap. 102,600—Wash. Gas Light gen. 5 218,000—Wagh. 32,000—Wash, ,200—Wash. 34,200—P. E. P. voes - . 500—Dist. of Col. Paper Mfg. & 15,000—Riggs Realty (long) & 4.600—Wash. Market Cold Stg 16.500—Waraman Park 6s - Bhares. BTOCKS, 2,389—Capital Traction 4,492—Washington Gas . 406—N. and W. Steamboa 5.041—Wash. Ry. and Elec, com 964 — Wash. Ry. and Elec. pfd 208—Commer National 76—District National Bank - 13—Farm. and Mech. Nat. Bank 27—Liberty National Bank...... 54—National Metropolitan Ban: 446—RIggs National Bank. . 46—Federal-American . vos 654—Amer. Security and Trust. 324—Continental Trust R o5 . and Ele o and including Friday, July 27, 1923, and Elec. cons. 4s. gen. 6s.. Bank. . 35—National Savings and Trust. 23—Union Trust 5 42—Wash. Loan and Trust...... 254—Merchants Bank. and Trust 20—East Wash. Savings Ban c. Sav. and Com'l Bank. —Washington Mechanics’ —Firemen's Fire Insurance )—Columbla Title Tnsurance. Real Estate Title Tnsurance.. 1.145—Mergenthaler Linotype 1.421—Lanston Monotype .. 273—Security Storage Co 623—Washington Market UNLISTED DEPARTMENT. 50—American Com. and Savings Bank 30—Banking Trust and Mortgage Munsey Trust ..... “itizens’ Savings Ba Departmental Bank 46—District Title Insurance.. 36—Washington Title Insurance PRIGES HOLD WELL IN STEEL MARKET Weekly Metal Review Shows Lead Especially Active. Zinc Also Firmer. ul By the Associated Press NEW YORK, July 28.—The steel market continues to display a good deal of stability and price levels are but little altered. In some quarters there is a fair demand, especially for the lighter steel products, but as a rule new bookings are not keeping pace with production. Smajl lot orders for quick shipment are quite numerous and there are few evi- dences of accumulation of stocks. Pig iron is a trifie steadier. The de- mand is still slow, but production has been materially reduced and there is less pressure to sell. Copper was quiet in the domestic trade, with prices generally un- changed from last week, but a fair export trade, estimated at 10,000,000 pounds, within ten days. United States exports during June were the largest in over a year, with the ex- ception of last January. Tin became ler owing to a slow consuming demand and a prospective liberal increase in the visible supply. Lead was strong, with operators the principal buyers. Prompt sup- plies are light and a better consum- ing demand is anticipated. A firmer tone developed In zinc also, with some Inquiry for export. An absence of selling pressure, however, was the chief cause of strength. Antimony was steady, with & good demand, although mostly of a specu- lative sort, for future shipment. — FLOUR 10 CENTS LOWER. MINNEAPOLIS, Minn, July 28.— Flour, 10 cents lower to unchanged, 5.9086.20; shipments, 50,554 barrels. Bran unchanged, 20.50a21.00, 1 northern, 1.056%a1.10%; Sept 1.04%; December. 1.06%. Corn, No.' 3 yellow, $2a83.- Oats, No. 3 white, 353%a36%. Flax, No. 1, 2.61Ka2.66%. BURNS FATAL TO OFFICER. SAN DIEGO, Calif., July 2 Lieut. Commander J. A. Blackwell, thirty- four, executive officer of the U. 8. S. Rigel, died yesterday at the Naval H al of burns suffered at his hom Tuesday ‘night in a gasoline explo. slon. He was a native of Virginia, gl i by weeks, of forty representa- change. from the first week of Solid curve Lower section indicates Hibha Building. Low. Close. kL 87 9TY Open. T 87 983 1017 963 90 High. a4 1st 5s.. 95 995 ! 1003 | 19"'.-! 209 | 5 T2 1401 167 1% 132 245 653 i w336 BALTIMORE PRODUCE. BALTIMORE, Md. July 28 (Spe- clal).—With the exception of water- melons, native and nearby fruit has replaced the southern varieties and all fruit showing quality is meeting with ready sale at fairly good prices. For fancy, hand-picked apples there is a good demand at 150 to 3.00 a bbl, 50 to 1.25 bushel and 20 to 50} basket, but small knotty fruit is hard to give at any price. Recelpts of peaches are on the increase and only large sized stock of attractive color | 18 coming in for any attention at 50 to 75 per basket, except to packers at] lower values. Eastern Shore, Md.. and Virginla cantaloupes are selling 2.50 to 3.00 a crate for standards, with jumbos bringing & premfum of | 25 cents. Native stock is bringing 50 to 1.25 basket. Blackberries and huckleberries are in lighter receint and market firm at 16 to 26 quart for former and 15 to 20 for latter. Native and nearby plums are more plentiful and market easy at 35 to 40 basket. Garden truck in only fair receipt and market rules steady under fairly active de- mand at following quotations: Beans, | 76 to 1.00 bushel, with stringless varlety ‘bringing a premium of 25 cents; lima beans, 2.50 to 3.00 bushel; beets’ and carrots, 4.00 to 6.00 hun- dred; cabbabe, 6.00 to 12.00 hundred; native corn, 15 to 30 dogen; other sec- tions, 10 to 20; cucumbers, 40 to 50 basket; _eggplant 150 basket; onlons,’ 75 to 1.50 bushel and 1.50 to 2.50 per 100 Ibs.; peppers, 60 to 75 basket; squash, 25 to 30 basket and tomatoes, 60 to 1.00 per 4-8 Hasket and 36 to 65 for green. New potatoes are in lighter receipt and with demand fairly good for No. 1 stock, the market rules steady at 3.50 to 5.00 bbl. and 1.50 to 2.00 for No. 2’ shel stock selling mostly .75 and 1.50 to 3.00 per 100 Ibs, The egg market is unchanged from last week as to price but steady to firmer under lighter receipts from the west and south. Native and nearby stock running only fair and cleaning up dally at 24 cents a dozen. Shippers are warned that arrivals from certain nearby sections wing many rotten ould not be authorities will prosecute ho intentionally send such eggs to this market. 'he general live poultry: market looks better than this time last week with receipts of spring chickens run- ning lighter, particularly of large sized birds welghing two pounds and over, which meet with ready sgle at 35 s pound, while smaller chickens sell 27 to 34. Spring thorns will not bring over 23 to 3. Demand for large fat old hens also shows im- provement under moderate reeeipts at 26 with medium selling 22 to 24, and leghorns 13 to 20. Old roosters in ample supply at 14 and 15, ng dycks are easy under only fairl good demand and fair receipts at 2‘ to 24, and 18 to 20 for small 4 poor.’ 014 ducks, draggy and n ed at 15 to 20. Market for pi dyll and demand light at this time ns 14 Joar st 25 conts & 3 : { putting thi 1A THE CIVILIAN ARMY Organized Reserves—National Guard BY LIEUT. STEPHEN F. TILLMAN. issued @ memorandum entitled “Notes on Industrial Mobilization,” which sets forth briefly some of the sallent features of the measures required in time of peace to insure the flow of munitions and supplies required by our Army in time of war. Construc- tive suggestions are jnvited from all officers and civillans whose attention may be called to this bulletin. Re- quests for information may be ad- dressed to any of the chiefs of the supply branches or their agents throughout the United States or to the office of the Assistant Secretary of War. Maj. James H. Tierney, Infantry, ia. in addition to his other duties as supply officer. designated as property officer for the 80th Division head- quarters. First Lieut. Rodolfo Rami- rez, infantry, Oficers’ Reserve Corps, having removed to Rio Pedras, Porto Rico, is relieved from assignment to the 320th Infantry. Ma). R. K. B. MecKenney, infantry, Officers’ Reserve Corps, now attached to the 319th In- fantry. is assigned thereto. Capt. Fdgar Graham, air service, Officers’ Reserve Corps, is promoted from first lleutenant and now attached to the 50th Divisfon. air serviee. Maj. Albert N. Baggs. medical, Ofcers’ Reserve is attached to the 343d Fngi- . Master . Bergt. Charles H. Bradley, engineers. Enlisted Reserve Corps, and Sergt. Bugler Henry Love- leas. engineers, Enlisted Reserve Corps, having enlisted in the Enlisted Reserve Corps for duty with the 343d Engineers, are hereby assigned thereto. The War Department last 'uk‘ Muny of the National Guard rei-| ments are proceeding with the mat- ter of designing and adopting a coat of arms for -the organization. The coat of arme consists of a crest, a shield and may also juclude a motto on a scroll ath the shield. The crest for Natfonal Guard regiments of each state has been prepared by the War Department and will be the same for each of the regiments of a particular state. The make-up of the shield should be given much thought and attention. In the first place the history of the regiment from the time of its organi- zatioh dating back to its original inception should be studied carefully and in detail. A study is being made of the Offi- cers’ Reserve (‘orps by the general staff. under which it will eventually he divided into what might be called three pools. The pools will be reserve officers for assignment, respectively, to the Regular Army. the Nation: Guard and the Organized Reserves. The amended national defense act provides that the reserve officers should be used in the expansion of the Army of the U'nited States by as signing them to its three components. j However, up to this time no general scheme has been for policy into effect. the present arrangements there is na definite assignment of reserve officers to Regular Army unit Natlonal Guard officers hold both reserve and Xational Guard commissions, hut there are no reserve officers in corps who are set aside for the ex- pansion of the National ard. The scheme of assigning reserve officers to the Organized Reserve s being worked out very satisfactorily. Now, under the proposed plan, it is urged that reserve officers, who. by their business or profession. could re apond to the first call shouid they be assigned to Regular Army. Natur- ally, these would be yvounger men in the lower grades. There would also be that class of reserve officers who are now serving as enlisted men in the Regular Army. When the scheme is worked out, the War Department will announce Just how many reserve officers divislo of the Regular Army under the war plaus. A novel plan is being proposed for reserve officers that will be needed for worked out the expansion of the National Guard.! So as not to shut the door against promotion of enlisted men in the Na- tional Guard, it Is proposed to give enlisted men’ of the National Guard commissions in the Officers’ Reserve Corps in time of peace. As fast as enlisted men of the National Guard can qualify for commissions they will be placed in the OMcers’ Reserve Corps, jalthough they will continue to serve as enlisted men in the Natfonal Guard. Not only will the fonal Juard be expanded by this class of jreserve officers in the event of war, ibut all vacancies in time of peace will be filled from the pool of reserve offi- cers. This will at all times give the National Guard an eligible list from which to select officer: The following reserve officers from the District of Columbia are ordered |to active duty. effective today, July 29. They will proceed to Langley Field. Va. reporting in person upon arrival there to the commanding offi- cer for training. They will rank from the date set opposite their names: Maj. Willlam G. Schauffler, Jr.. 405th Pursuit Squadron, April 24, 1923; First Lieut. Charles E. Ford, 409th Attack Squadron, July 29, '1923; Second Lieuts. Donald O. Woolf, 405th Pur- suit Squadron, July 29, 1923; Thomas L. Suter, 405th Pursuit Squadron. July 29, 1923: Eric K. Shilling, 409th" At- tack Squadron, July 14, 3: Emilio E. Merino, 405th Pursuit Squadron, July 29, 1823; Jesse W. Langord, 406th Pursuit Squadrom, October 2 Jomeph A. Gerardi, 400th Attack Squadron. July 29, 1923: Graham L. vid, 409th Attack 8quadron. July 1923; Joseph C. Eehne. 409th At- tack Bquadron. July 29, 1923; Charles Appel. jr.. 408th Atfack Squadron, July 29, 1923: Eilet M. Torkelson, 603d Pursuit’ Sqrudron. July 29, 1923, and Frank Chirfeleicon. = 409th A'ttack Squadron, as of October 30, 1922. If not sooner relieved from active duty they will r ‘urn to thelr homes so as| to arrive there August 12, upon which date they will stand relieved from further duty. The finance depart- ment will pay mileage at the rate of 4 cents per mile for the entire jour- ney. The travel direct Is necessary in_the military service. First Lieut. John F. Donoghue, dental, Officers’ Reserve Corps, attached to the 305th Medical Regi- ment is assigned thereto. First Lieut. Albert L. Cutler, infantry, Officers’ Reserve Corps, haying removed to Phelps, N. Y., iserelieved from assign- ment fo the 320th Infantry and Ho- witzer Company of that regiment First Lieut, Ralph J. Cogswell, infan- try, Officers’ Reserve Corps, having re- | moved from Washington to Chicago, in relleved from assignment to Com- any H of the 320th Infantry. Second deut. Paul Schmidt. fleld artillery, Officers’ Reserve Corps. has been as- wigned to the 318th Fleid Artillery. First Lieut. Linton A. Cox, air ser Reserve Corps, has been 0th Division, air First Lieut. Charles A. Sa- chaplain, Officers’ Reserve m, Md.. having been at- tached to the 80th Division. is a tached to the 313th Field Artillery. The following officers have been assigned to the 320th Infantry: Capt. Lester D. Johnson, Harry B. Myers, John A. W. Simson and Frederick J. Gillie. The following officers have been attached to the same regiment: Capts. Ralph W. Alderman, Frederick R. Gibbs and Ernest H. Pullman. Pending revision of special regula- tions 43, which are for the Officers’ Reserve Corps, the War Department has published the following for the information and guidance of all con- cerned: Warrant officers and enlisted men of the Regular .Army or_National Guard or retired warrant officers and enlisted men of the Regular Army, who are appointed reserve officers will continue to serve as warrant offi- cers or enlisted men, active or retired, in the branch to which they pertal Field clerks, who are appointed re. serve officers, will continue to serve d clerks. The following instructions will gov- ern when called to active duty as r rve officers in time of peac active list, ers or fleld clerks and active as officers. They will be earried on the records of their stations as ab- Under | the | re needed to expand the nlne, now | sent on active duty as reserve officers.’ Upon being relleved from active duty they will revert to their former status. Warrant officers, retired, will be carried on the records of the War Department as on active duty as re- serve officers until relieved from ac- tive duty, when they will revert to their retired status. Enlisted men, active list, will become inactive as exlisted men and active as officers. They will be carried on the rolls of their organizatfons or stations as absent on active duty as reserve offi- cers. Upon being relieved from active duty they will revert to their enlisted status. 1f enlistment expires while on active duty as a reserve officer, imme- diate re-enlistment is authorized. Enlisted men, retired, will be carried on the records of the War Depart- ment as on active duty as reserve! officers until relleved from active | duty, when they will revert to their retired status. The following Instructions will govern when called to duty as reserve officers in time of a national emergency: War- rant officers, active lst, will be dropped from the records of thelr stations and will be carried on the records of the War Department as on active duty as reserve officers. Their warrant officer status lies dormant until rellef from active duty as reserve officers or upon discharge from thelr reserve commis- sions, when, in the case of warrant offi- cers of the Regular Army, new assign- ments to duty as warrant officers will be mude by the War Department. In the case of the Nutfonal Guard, the assign- ment of warrant officers coming within | the provisions of this paragraph fis a funetion of the National Guard wuthori- ties of the state from which such war- | runt ‘ofticer “was called or drafted Into the federal service. Warrant officers, will be carried on the records of the War Department as on active duty as Teserve officers until relief from active duty or discharge from their reserve commissions, when they will revert to their retired status. Enlsted men, ac- tive list, will be discharged from the service for convenlence of the govern- ment by their immediate commanding officers ‘on the date of receipt of the order placing them on active duty as re- serve officers. Enlisted men, retired list, will be carried on the records of the War Department as on active duty as reserve officers until relief from active duty or discharge from their reserve commissions, when they revert to their retired status. Field clerks will be dis- charged from the service for conven- fence of the government by the War Department when orders are issued placing them on duty as reserve officers. Warrant officers and enlisted men, active or retired, and field clerks while serving as reserve officers on active | duty will receive the pay and allow- ances of officers and during such time are_entitled to no pay warrant officers, clerks. All ctlve service rendered as an offi- cer by @ warrant officer or enlisted man will be counted in longevity and retire- ment computation. or allowances as enlisted men or fleld who are about to r the training camp are ad- t the Army regulations re- | quire that they provide themselves| with field uniforms and with proper ! ingignia for use when ordered to ac- tive duty. It is contemplated that cwerything needed by a reserve offi- cer With the exception of clothing, | { will be issued to him while on active | duty. Officers same s Arm of the reserve have the tus as those of the Regular as to the privilege of pur- & arms and ammunition, but{ sales stores have limited the articles of uniform that can be sold to a re- serve officer to the articles necessary for fleld service. It s suggested that, | as a minimum requirement, each re- ' serve office provide himself with the following articles: One pair of shoes, one pair of leather leggins or boots in lieu of shoes and leggins, one O. D. woolen uniform. one campalgn gl’!l with hat cord, one Sam Browne Reserve officers who do not reside near a depot sales store or other point of supply and who wish to purchase any articles, should submit a written request to the nearest sales store or other supply point. This request should be accompanied by a oer- tificate, in substance, as follows: “I certify that the articles desired are for my personal use and that this ap- plication to purchase is made undrr] paragraph 1174, A. R.. as amended, and that none of the articles re. guested have been previously pur-| chased from the United States gov- The following information and instructions concerning the panm-l | pation of the National Guard in the national matches of this vear. and the rules and regulations governing the same as set forth in the War Department bulletin Eoverning national 1923, issued. the matches. have been H It is desired that each {the District of Columbia. having fed- | erally recognized units of thed National Guard be represented by s National Guard team at the national | matches. One such team only fs ay . | thorized for each. Funds this year ! I permit the attendance of teams | rom the territories of Hawi Porto Rico. st '"di Each member of such tea - hold any recognized grade, but must | be a member of the federally recog. nized National Guard in his respeotive | | 8rade and organization prior to his | | appointment as a member of such | team. The team captaln, howeeer | cannot draw higher pay than that! provided for major and other team | members higher than that provided for captains. Members of the Na- tional Guard reserye are not eligible. Each team shall consist of fourteen members. one team captain, ome team coach, ten principals and two alter nates. who shall be selected and ap- pointed by the governors of the re- spective states and announced in for- mal orders. The members of the! above team only will be entitled to transportation to and from Camp Perry and to sleeping car berths where the journey is in excess of twelve hours. : state and | | INVEST Your Savings First Mortgages ' Our First Mortgages are the safest and most { satisfactory form of in- vestment it is possible to procure. Never a Loss Our conservative meth- od of handling mortgages perfectly safeguards and . i] protects the investor. il Convenieat Denominatio ] $100 $500 $1,000 | | Scn‘l for Selected List MORRIS CAFRITZ 0 First Mortgages 913 15th St. N.W. " Main 617 FINANCIAL. * COTTONSEED OIL DROPS. NEW YORK, July 28.—Cottonseed ofl was heavy, due to general liquida- tion {nduced hy the weakness in lard. cotton and securities. Closing prices were near the low and represented net losses of 12 te 17 points for aec- tive months. Tenders of 1,900 barrels were made on August contracts, but the same were promptly stopped and had little effect marketwise. Sales, 6,600 barreis. Prime crude., nominal: prime summer yellow, spot, 9.50a10.2i SECURITIES Local Dealer Wanted. —to Tetail jssuss of eld establisted enterprises for Bosten firm of underwriters.. At presemt offoring expanmsion issus of old estab. New England textile industry, with long dividend recerd. M. J. TAYLOR & OO, Inc., 500 Ed- . September, March, 8.30, all bid. The fellow who brags about earnings all stricken dumb when confronted by the income tax collector, First Mortgage Notes Are carefully selected and placed on an absolute iargia of safety. Tnnures mitting of interest lously supervised, that the rope; 1 Mp' us e sured,” taxes paid. titles’ furnished without cost. experience extends over masy years witheut the loss of Demay i: either principal or interest. Chas. D. Sager 9.50; December, 8 —_—— his year round usually is|4€ From $50 to $300 on D. C. real estate, uscliold goods or chatl per ot intereat. No brokerage charged. Come 1n and let us explain our method of making small lonns Commercial Loan & Finance Corporation, Toom 211, 921 15th St. N.W System Copyrighied & Patent Pending. Our 79, | Money to Loan Secured by first deel of trust on real estate. Prevailing intewest and commission The Service We Give Joseph I. Weller {0Weh: % bidg.. Otk & I WILL SELL 11 Intl. Finance units at 4 Genl. Finance and ¢ 65. 50 Nat, Mort, and In¥v wanted. 500 Miller Train Control at 1.10. 54 Chapin-Sacks 7% Pid. at 70, Thomas L. Hume Broker Main 1346 prompt collecting and re- All_details ca y cared’ for. adeguately in- Certified insured Our period of single 75 . units at units. Bid Notes of $250 Up to $5,000 Now on Hand 925 14th St. N.W. oMin 36—Loan Dept. 1412 G St. TO HOLDERS OF SPECULATIVE SECURITIES A certain portion of your funds should never be endangered even in the slightest degree. This portion should be set aside and invested in the most conservative manner. FIRST MORTGAGES —are an Over a Quarter anchor to windward in of a 5 . z fimancial storms. They pay a good Century IWithout a Loss return, mature at short intervals and are always worth par. B. F. SAUL CO. Main 2100 1412 Eye St. N.\V. L FiRsT MORTGAGES WILL SAFELY NET YOU v 0 { Phillips’ First Mortgage Real Estate Notes are secured on Washington’s best Northwest Homes—all under 50% of the ready market value. Plus the maximum rate of interest, and the highest possible form of security, we also relieve you of every detail. Never a Loss to An Investor Denominations $100, $250, $500 and $1,000 Write or call for descriptive booklet WILLIAM S. PHILLIPS First Mortgage Investments 15th and K Streets N.W. Main/4600 Don’t Wait To Invest Your Funds, / Learn now why The F. H. Smith Company’s Safeguarded First Mort- gage Bonds are the ideal invest- ment for you. They pay 61;% interest and carry tax-free features which actually in- crease the yield to 759 These Bonds are offered in amounts of $1,000, $500 and $100 and can be bought either outright for cash or under our popular Investment Sav- ings Plan. Ask for Booklet S-29 Phone Main 6464 Call or Write ke F.H.SMITH CO. . ounded 1873 NO LOSSTO ANY INVESTOR IN 50 YEARS