Evening Star Newspaper, August 10, 1923, Page 18

v LAWSON GETS POST IN TRUST COMPANY Is Real Estate Officer of W. L. and T.—New Bond Issue Offered. Alfred H. Lawson, secretary of the District Title Insurance Company, was named real estate officer of the Washington Loan and Trust Com- pany, to succeed the late Thomas Bradley, at the regular meeting of the directorate held yesterday afternoon Mr. Lawson will take up his new duties on October 1, it was said. The new official of the Washington Loan and Trust Company has been affiliated with the title company for the past fourteen years, and it is con- ceded his experience ith this con- cern particularly fits him for the new post he is to occupy. He hus a wide ircle of friends in Washington's business and financial fleld. At the same time Holcombe G. Johnson, insurance speclalist, with offices in the Bond bullding, was added to the directorate to succeed Judge Martin A. Knapp. S. W. Straus & Co. have purch and are offering an_issue of $2 000 first mortgage § to 6 per cent, two to fifteen year, graduated coupon serfal bonds of the Clark-Henry Ceor- poration, secured by the land and Hotel St. George, Brooklyn. Coupons payable February 1 and August 1 Inancial markets of the country, including the Washington Stock Ex- change, ren n closed today out of respect and to the memory of Warren G. Harding, late President GAME IN NEW BRUNSWICK. Moose Sometimes Get Lost and Wander Into St. John. From Sportsmen’s Digest To a number of Americans who like to spend thelr vacatlons with rod and gun—New Brunswick iy best known as a happy hunting ground. Because the provinee s thinly set- ticd outside the towns and villages, vich are fu . game is plentiful At least once a year a big bull moose Eets lost and wanders into St. John One has only to go a few miles out- side the city to find fishing and hunt- ing grounds that as far as solitude i5_concerned might be hundreds of miles from civilization. T river, which courses for over 400 miles through the province of New Brunswick, has numerous tributaries on the upper reaches of which the angler can angle to his heart's con- tent. and with good results. too. There are also numerous lakes where the fishing is so good that they are the haunt year after year the favored ones who know them. One of the best of these is named Disap- pointment lake, which iy the direct opposite of what this lake really means to the ardent fisherman. There IS & plan on foot to set aside several thousand acres in St. John and Charlotte counties for a fish and game preserve. If the plan goes through. this section will be properly cquipped with camps and guldes and will be open to local and visiting sportsmen. This district is one of the be hunting and fishing grounds in east- ern Canada. Moose, deer, bear, par- tridge, woodcock and wild ducks are plentiful and there is splendid trout and landlocked salmon fishing. PLAYING CARDS IN AMERICA. First Date Back to 1580 and Were Made in Mexico. Prom the August Arts gnd Decoration. In 1580 th. manufacturers of Pu- eblo and Oaxaca produced silk and woolen goods equal to the average of | European standards, and, curiously enough, or perhaps as an Indication of the habits of the colonial Spaniards, playing cards were made in great numbers (9,000 dozen one autherity states). In the Museum of the Indies in Seville, Spain, there is-a pack of playing cards made in 1583. The faces of these cards are imitations of the European types, but the backs repre- <ent Aztec scenes and caricatures of the Spaniards. These were made from wood blocks, perhaps the first cut in the new world. Of all the European races that came to the new world, Dutch, English, French and Spanish, the Spaniards had the most to give in matters artistie. For they had not only a reminiseence of a s+plendid and vigorous Gothie tra- dition, but the great enrichment of ght centuries of contact with the Moors, the recent conquest of their splendid citles and a far extended trade in the Levant Spain was peculiarly fortunate In the fact that her argosies touched the most cultivated and highly civilized people in the new world. They were craftsmen equal to any that Europe knew. They had arts as highly de- veloped as any brought to them by their conquerors. But it Is the record of art history that the more highly developed the peoples are that come in contact, the surer are they to bor- row one from the other. The dramatic entrance of the Spaniards, thelr ap- parent justification of the anclent mir- acles recorded in native folk stories vegarding the bearded white stran- Zers from the sea, their unquestioned military strength and the interest that always is associated with the ex- otic, all strongly moved the native artisans and craftsmen to imitation. —_— The 0ld Cavalry Horse. Prom Eversbady's Magazine. A colored man was driving al road in a ramshackle buggy drawn by a bony. spavined old horse, when a strange man hailed him. “Hello, Unele! Can you get me to the station in time for the next train §t 3:202" No, suh; T don’t bliéve T kin, su This 'is a broken-down ole cavalry piwse. You cain’'t git him offen a Wwalk nohow Huh! You say he's an old cavalry horse? .Let me In and drive him.” The man clambered upon the seat of the buggy and took the reins. “Make ready!” he called out sharply. *harge!” The old horse pricked up his ears and broke inte a gallop. As they reached the station, the man sheuted, in a commanding tone: “Halt!” The horse obeyed. flipped old John & quarter. The next day two Young men stopped John and asked to be taken to the station. 4 “Suttinly, gen'men,” said John. “Git right in." ' He gathered up the reins and shouted: “Make ready! Charge!” Obediently the horse broke into a gal- Jop, and Soon reached the station. “Git ready to jump, gen'men,” advised, looking frightened. done forget de word what stops him.” Doctors Have Better of It. From the Chlcago Daily News. One of Mississippi’'s most famous criminal lawyers was attending a convention in New Orleans, where he engaged in an argument with & ph sician_over the merits of their pro- fessions. “I don't say that all lawyers are " sald the physician, “but you'll have to admit that men of your cloth don't make angels.’ “You are right,” retorted the lawyer. “¥ou doctors have the better of us in that respect.” Diminishing Death Rate. From the Scientific American. The death rate of 1922 was the low- t of any year excepting one in the history of the United States and Canada, according to the statistics of the Metrapolitan Life Insurgnce Com- pany. The rate was 8.8 persons in each 1,000 in 1822, while in 1931 the ng the The man St. John | SLOW NARKETDUE TOBARLYCLOSING Early closing made a slow market today. Buyers were on hand early, many getting their supplies for thelr Saturday morning trade, while others will walt until tomorrow, There was practically nothing do- ing in the meat market, and prices were about what they were early in the week. Fruits and vegetables were plenti- ful, however, and prices, especlally on vexetables, were lower than at any time since last summer. Tomatoes glutted the local market vesterday and today, due, it is stated, to the reappearance of the hot sun after s0 much rainy and cloudy weather. Dealers say they never saw a bettér crop than they received yes- terday and today, and prices were correspondingly lower. Choicest tomatoes sold at 30 cents for a two-peck basket, some of the ordinary stock bringing only 13 cents a basket In lurge lots. Deulers pre- dicted the market would be further glutted tomorrow morning as a re- sult of haulers bringing in what are picked today. i “This is a great season for canning, remarked a dealer today, “but many housewlves who do canning are out of the city. Many retailers ne longer are selling tomgtoes by the pound. They Il split pans and are selling them at a long range of prices. There also was a decided increase in receipts of corn from the surround- ing country. *Choicest sugar corn was offered at wholesale at from a dollar to a dollar and a quarter fo a bag of five dogen well filled ears Cucumbers, green peppers and cym- lings also came in the glutted market ass. dealers offering them freely at 50 cents a bushel. String beans also are plentiful, but lima beans are scarce and high, wholesaling at 35 {and 40 cents. String beans brought a dollar a basket ——— FINDS LIQUID FOOD THAT FATTENS HORSES ! nilla-Flavored Brew for Beasts. Wearing « large sombrero, R. D. Gar- rett, a cattlemun from New Mexico, has {been attracting much attention in Washington for several days by haunt- ing the patent office, says the New York Herald. In response to inquiries, he said he is here trying to ebtain protectlon by copyright or patent for a liquid food formula, “good for man or beast.” for which he says he has refuscd an off of $600,000. He intends to incorporatc a stock company with $1.000.000 capi- tal Garrett will call his product “Soto.’ Commenting on the high food value of the preparation. he said: “You can g out on the range and corral the poorest horse that you can find and by feeding him the product for f ve duys, he will become mud fat.” His lquid food. he explained. is made from a vegetable plant which grows in abundance in New Mexico und Texas One ton of the raw product, he said, will make 2,500 gallons of sirup ready to serve, while one teaspoonful of the food will make a gallon of hot drink. The beverage has a or. he Dbetween chocolate and vanilla HUBBY IS COOK IN AFRICA. | Rhodesian Wives Are the Hunters | and Fishers of the Family. ! Of all the countries in the world, { there is none where the customs are stranger than in Barotseland in inorthern Rhodesia. Africa many wild nationk, Barots jboasts of a well ment. It has a parlizment and chief's pr neil. Th former Is known as the “kotia.” and sits every day, and the latter is called the “si- kaly.” nd regarding the birth of children. Should & woman bear triplets, two of them must be killed. They are considered bad luck. The women dc not remain at home housekeeping or tending the crops. In Barotseland 'lhe women are the hunters and fish- ers. It is no unusual sight to sen {ons of these Amazons wading in stream with large basket in front of {her. She is engaged in procuring the fish for the family supper. But when she goes home with her catch and her husband cooks the fish, the ma- { tron of Barotseland sits down in soli- tary state and eats her supper with- out the companionship of her hus- band. The reason fer this is amusing in its naivete. For it is explained in this way: Naturaily, a man is stronger than a woman, and in order to prevent any signs of greediness, he allows her to eat by herself. Because owing to his superior strength, he might be tempted to grab the largest and choicest pieces of the food before | she had her share This possibility is removed by their dining separateiy, and therefore re- moving all temptation. —_— | 'Many Americans in Canada. E.L.Chicanot. in the Current Hixtory Maga: Few people would credit the exte to which the American people come to permeate the Canadian Do- immk-u. especially the western prov- t inces, in recent yea In the year 1871, when the first census of the newly federated Dominion was taken, Canada was found to have a popula- tion of 3.455.761. and of these 24,162 recorded their birthplace as ‘the United States. This was équivalent to not quite seven-tenths of 1 per cent of the total population. At the time of the 1901 census there were Canada In that of 1911 there were 303,680, representing 4.1 per cent of the total population at the time From 1911 to 1921 a total of 745,118 citizens of the ited States entered Canada, so that at the present time there are well over 1,000,000 people in Canada who have been citizens of the United States, or something like 12 per cent of the total Dominion population. —_— Life on Mt. Everest. From Current Histors Magaaine Although the 1922 British expedi- tion to Mount Everest failed in the principal aim, which was to reach the top of the highest|mountain in the world, it did succeed in finding cer- tain brave little plants such as edel- weiss, blossoming at a height of al- most 20,000 feet. Dbirds, such as mountain sheep, ravens and rock doves, unacquainted with human beings. showed no fear of | them at all, readily eating from the climbers’ hands. These wild sheep, ravens and doves, together with wolves, foxes, rabbits, rats, mice and condors, with a few other birds, were found at an altitude as high as 20,000 feet and occasfonally even 1,000 or more fest higher. Condors were ob- served fiying high above the moun- tain’s north summit, 24,000 feet above the sea level, where the atmosphere b ‘only a third as dense as at sea evel. s | Wanted His Discount. From the U A_train In the far west was held {up, by bandis. ‘who ordered the pas- sengers to give up their money. One [of the victims was a Hebrew. and when his turn came he reluctantly drew $300 from his coat and, taking |good ordinary. $6, returned jt to his pocket. “What do you mean by that?" asked the bandit. “Surel answered Jacob, don't mind me taking a 2 per e scount o» & gash lu.utr.ts Western Man Seeks Patent on VB-l added, | Unlike | In Barotseland there are rigid laws | | railroad have ; 127.899 citizens of American birth in | Wild animals and | | i organized govern- | THE EVENING STAR, WASHINGTON, D. C. FRIDAY, AUGUST 10, 1923. TRADE NOT 10 CUT O TIRE PRICES Promised Reduction Unex- pectedly Countermanded. Conjecture as to Cause. # BY J. C. ROYLE. Special Dispateh to The Star, NEW YORK, August 10.—Motorists who have been waiting for a chance to buy new tires at a low priee still have a whit in front of them. The cut in the price of automobile tires which the Firestone Tire and Rubber Company was scheduled to put into effcct the end of this week has been postponed. Whether it has been abandoned is not generally known. Firestone dealers, according to the trade, were notified secretly of the proposed cut ubout a week ago. Ad- vertising announcements w pre- pared, but these have been withdrawn, in some Instances after they were in type. There has been considerable con- jecture umong tire and rubber men is to the cause of thig action. It 18 known, however, that several other manufacturers, although they Vigo ously opposed a price reduction at this time. learned of the move and were prepared to follow the Fire- stone lead, as they did some months when the first reduction went effect. Taen, too, rubber prices stiffened materially both in Lon- don and in the local market, advan ing above the 30-cents-a-pound level tor last quarter deliveri Reawon In Awsigned. This advance, according to Fred B Peterson, prominent local dealer, who has just returned from a study of the London market, is due to the fact that output restrictions on_the Brit- ish-owned plantations in Malay, im- posed under the Stephenson’ plan, at lust begun to restrict surplus rushed to the so-called free ports before the restrictions went into effect has now been ab- sorbed to a large degree, Mr. Peter- satd. In addith the British \ial government has veduced the which may be shipped in the months an additle per cent. provided for in Plan whenever the average for the < quarter has failed to reach 15 pence, or a little under 29 cents. W pound in American nmoney’ British plantation owners in Duteh Kast Indian territory are voluntarily obeving the restrictions, he added Then the more effective methods of preventing the smuggling out of Tubber to the free ports have been inaugurated, and, although some smugkling still exists, it is confined Qlmost entirely to small amounts of unsmoked sheets collected by Chinese 1d Jupanese traders, which have to re-processed Drop in Import Rubber. Only about 19.000.000 tons of ber were imported in July. and it is expected that this will drop to 17.- 600,000 tons this month. The lattér mount is about the normal amount consumed. but there still remain lar both h vd in Loudon the rubber thrown on the i carlier this year is under- stood to have come from Japanese speculators who bought heavil fors restriction and were fore unload their holdings by change: the silk and cotton markets in which so they were heavily involved. The percentage of the rubber brought into this country which is now in the form of tires is not defi- nitely known. but manufacturers’ stock believed by the trade to be xtremely heavy in spite of the fact that tire output has been cut mearly 10 per cent from the peak productic of the vear. Deal stocks are known heavy and some retailers have sufficient casings on hand to run them through the fall seuson Auto Tourist Trafic Heavy. The demand from the public, how- ever, has been active. Throughout all tions of the country automobile tourist traffic has been extremel heavy. Travel to the national park of Colorado, Montana, California and the Yellowstone is estimated both by and automobile experts as 50 per cent above that for August, 1422, and the peak of travel has not vet been reached. Seattle attributes the fact that re- tail business there has shown no sum- mer slump and is fully up to the five- vear annual average to the increased automobile and railroad traffic on the west coast. Hotels in all the north Pacifie citles, including Vancouver and Vietoria are taxed to the limit to provide accommodations for visitors Through rail trafiic by way of Den- ver to the Pacific coast is much heavier, with trains running In two and three sections to accommodate the demand. “All the railroads operating through Denver will_have an excellent yea: Frank A. Wadleigh, general pi senger agent of the Denver and Rio Grande Western railroad, declared to- day. DETROIT PROSPEROUS. Increase of $66,000,000 in Savings Deposits, Banks Report. DETROIT, August 10 (Special).—In first seven months of this year, has cxperienced what prob- bly was its most prosperous period. Clearing house banks today show an increase of 66,000,000 in savings de- Losits in that time. Total bank de- posits have increased $140,000,000 and loans have only increased’ $53.000,000 col mount next three as n vio be rub- stocks, Some rket of the Detroit {An indication of the thrift of citizens here is found in the per capita statis- ties, which show savings of $260 for every man, woman and child. Tn addi- tion large sums have gone into build- ing and loan societies. PARIS BOURSE IRREGULAR. PARIS, Augusf 10.—Prices moved irregularly on the bourse today. Three per cent rentes, 56 francs 85 centimes. Exchange on London, 80 francs 60 2entimes. Five per cent loan, 7 francs 50 centimes. The dollar was quoted at 17 franes 57%; centimes. BANKS INCREASE RESOURCES. SPRINGFIELD, 111, August 10 (Spe cial) —Resources of the 1412 state banks of this state totaled $2,151,- 360,891 at the end of the first half of this year, an increase from April 3 of £17,530,280. Savings deposits rose $32.685.350 to $718,084,290. CHICAGO LIVE STOCK. CHICAGO, August 10.—Hogs—Re- celpts, 36,000 head; fairly active; better kinds around 10 cents lower; others off more; bulk desirable 180 to 230 pound averages, 7.85a7.95; top, | 8.00; bulk 250 to 326 pound butchers, 7.75. ‘attle—Receipts, 4.000 head: slow; uneven; better kinds beef steers, yearlings, fat cows and heifers around steady; some others lower; best matured steers, 11.85; bulls, 25 to 50 lower; vealers 50 to 75 cents lower: bulk to packers around 11.00 Sheep.—Receipts, 4,000 head; late fat lambs, strong to unevenly high bulk to packers, 11.75 to 12.25; best to city butchers, 12.50; western, around 10 cents lower; bulk to pack- ers, 12.80; few to city butchers, 12.70; sheep scarce, steady. LIVERPOOL COTTON PRICES. LIVERPOOL, August 10.—Cetton— Spot quiet, prices steady: good mid- dling, 14.82; fully middling, 14.72; middling, 14.57; low middling, 14.32; 18.82; ordinary, 13.32. bales, ineluding 1.500 American. Receipts, 1,000 bales. Amer- ican, 200. Future closed firm. Aug- 3.96: September, 13.45: October. Sales, 7,000 RESTORED TO THE PUBLIC. 5,910,763 IN TOTAL I TO OPEN CUBAN BRANCH. Anglo-Russian Cable Used by Mili- sTEEL To Ns ovEH DUE Atlanta Federal Reserve Institu- tary Since 1915. NEW YORK, August 10.—The An- glo-Russian cable, taken over for military purpot by G t Britain and Russia in 1915, has been returned to public service, the Commerclal Ca- ble Company announced today. Originally joining Peterhead, Scot- land and Alexandrovsk, Russia, the subsea line was extended to Archan- gel In the later years of the war. Until it was thrown open to public use it had been under control of the British war office. DEALS IN COTTON FOR WEEK VARYING Early Active Buying Due to | Drought Followed by Substantial | Reactionary Movement. By the Associated Press. NEW YORK, August 10.—The con- tinuation of the drought in the southwest led to an active buying movement in the cotton market at the beginning of the week. It was evidently apprehended that the low end July “condition figures would be followed by a serlous reduction in crop estimated during the present month, and for a time the market was strong and excited. A broaden- Ing of commission house demand was reported as well us active covering {by shorts, but the buying tapered off just above the 24-cent level for Octo- ber and December contracts, or at prices representing a recovery of about 3% cents a pound as compared with the low levels touched later last month Rather substantial reactions follow- ed under realizing or llquidation in udvance of the Friday wdjournment, and there was probably some selling on reports of scattered showers in and Oklanoma. On the whole, ver. the precipitation reported was light, and private crop advices from both eastern and western belt sections indicated continued deteri- oration. One of the private mfdmonth reports was issued Thursday, indicat- ing & condition of 66.1, compared with 70.3 toward the end of last month and pointing to a deterforation of | about 9 points in the condition of | Texar. This tended to confirm the | news reaching the trade from scat- ! terfug sources concerning Texas cron conditions. and some of the private | reports claimed that it was getting to be too late for rains to do mu #ood, | Buying on the bullish character of | the crop news was probably held in | check by complaints of a continued | ipoor trade at Manchester and un- | favorable central European condi- | tions, but there were reports of & | lHttle' more demand for early new | crop shipments from the southwest. | Rather & mere active demand for | cotton goods was reported in the do- | mestic markets toward the end of | the week. but nothing was heard of any fncrease in mills activity, and judging from current comment, some \bers of the cotton trude here are doubtful as to the ¥ly new crop receipts. ter are expected to be heav maturity of early cotton in th west 18 supposed to have bee tened by the dry weather MACAULAY'S PROPHECY. 1 Foresaw Great Disorder to Followi Pressure of Poverty. From the World's Work. ! About seventy-flve years =ago. al letter to an American correspondent, | Macaulay pictured the lamentable fate ! that must inevitably overcome any | nation founded upon the principles nl" Jefferson He foresaw the time when | the pressure of poverty would cause a | state of disorder for which no parallel could be found in history. Then the Huns., Macanley declared. would arise and overwhelm the United States, as they had destroyed Rome, the only dif- | ference being that the Huns who wrecked the ancient world came from | without, while the Huns who were des- | tined to destroy America would come from within. A nation founded upon universal suffrage ®and representative institutions, and lacking the steadying influence of a_priyileged aristocracy, could logically have no other end. 1t is unfortunata that Macaulay could not be alive today. He gave the United States less than two hundred years of life. The fact now is that the American government is almost the one solidly intrenched political organization in the world. No one can predict how long | the governments of the Kuropean con- | tinent will endure. The destructive | political movements that have almost | {brought Europe to ruination and the ulimate influence of which no one can | foresee have made very little effective | headwas in this country. Bolshevism | is limited to a few alien elements and even soclalism polls very few votes and has few representatives in public life. The few manifestations of “radicalism” in the west are merely temporary erup- tions, with temporary and fleeting euch enterprises have been fea- American politios for a hun- absorption | The lut- an the Juth- | has- | | 1 in There is no occasion for undue com- placency, 88 we survey the American scene. There is, however, plenty of ground for a sane optimism. The coun- try waa never In a sounder condition and never better equipped to play @ useful part In the world. FAMOUS BATTLE RECALLED. August 6 Anniversary of Decisive| Encounter of Early Settlers. Monday was the 116th anniversary of a_memorable event in the history of Pittsburgh. On August 6, 1763, was fought the decisive battle of Bushy Run. in_which Col. Henry Bouquet. with about 500 British regulars, royal Americans and a few pro- vincials, about 600 men all told, de- feated @ force of Pontiac’s Indiane. The latter had closely besieged Fort Pitt for about two months. The fort was bravely defended by a small garrison under Capt. Ecuyer, a_ Swiss soldier of fortune, but pro- visions and ammunitions were get- ting low. All the forts hetween De- troit and Pitteburgh had been cap- tured by the Indians. Their defeat at Bushy Run resulted in the raising of the siege of Fort Pitt. The battle occupled two days, August 5 and 6, but the decisive action was on the second day. It was long doubtful. but a ruse of Bouquet's, in pretend- ing to have some of his force re- treat, drew the Indians into a trap, and many of them were killed and wounded, the rest fleeing in con- fusion. Bushy Run {s a few miles north of Manor station. on the Pennsylvania railroad. —— Reindeer in Labrador. ‘W._T. Grenfell in Current History Magazine. The experiment which we made some years ago In introducing rein- deer into Labrador has_ conclusively proved that both in Newfoundland and Labrador it is a good economic proposition. In Alaska it has been 80 successful that last vear, by special arrangement with the Canadlan gov- ernment, the Hudson Bay Company imported & fine herd of 700 deer into Bafin Land. We have helped to form another company, which has re- celved special concessions from the Newfoundland government and e pects to start with a herd of a thou- sand deer next spring. The fact that, as a resuit of the war, the Lapp pastures were greatly restricted, made it possible to secure plenty of animals and herders also for the enterprise. At the Photographer’s, From the Windsor Magazine. Client—1 don't think much o' the photo o' me, mate. I look like a bloomin’ monkey. Photographer—Well, there you are —vou should have thought of that before ¥ou | For i tice of complaint | commis and t Orders Unfilled July 31 Reported by U. 8. Corporation—De crease Shown. NEW YORK, August 10.—Unfilled orders of the United States Steel Cor- poration on July 31, just made public, totaled 5,910,763 tons, a decrease of 476,498 under those at the end of the preceding month and the smallest since July 31 of last year, when the total was 5,776,161 tons. While the decrease was about 75,500 tons more than Wall street had anticipated, it reflected a better de- mand for steel in July than in June, when the decrease was 595,090 tons below the preceding month. Making allowance, however, for the smaller shipments in July, it was estimated by market observers that bookings last month were 3,000 tons a business day more than those in June, the daily gain being smaller than trade reports had indicated. Orders now on hand represent ap- proximately five months' business at the current operating ratio of 90 per cent. Elimination of the twelve-hour day is expected to slow up shipments, but steel men do not look for any marked improvement in the industry until September or October, so that a further decrease in next month would not appear improbable The high mark «n unfilled tonnage this year was reached in March, when the total was 7,4 tons. In the four months since orders have de- clined 1.492.569 tons, or approximate- 1y 20 per cent. TALKS OF HUGE DEFICIT IN THE GERMAN BUDGET Count Kessler of Berlin, in Address, Says It Amply Explains Immense Inflation of Currency. WILLIAMSTOWN, Mags., 10.—The huge deficit in the budget and the unfavorable condition of her trade balance account amply for the immense inflation of her currency, Y. Harry Kessler ot Berlin told the Institute of Politics at Williams College last night. Pres- ure brought on Germany for repara- tions payment in gold and in kind in large measure responsible for e situation. he said ‘The truth about the of the German currency pre never will be found,” Count Kessier udded, “except by an impartial com- mittes of experts such as that pro pored by Secretary of State Hughe Prof. George H. Blakeslee of Uriversity, digcussing mandated ter- ritories. t “the fundamental ixxue i3 the mandate will become merely a veil for or develop Into a genuine t government Some annexationist reatlly could be ments have vested in title to the pu August German Count 1 ti depre tendencies al- observed, lLe said of the govern themselves 1, lands in the man dated territory. On the other hand, he declared, the league of nations is exerciBing a real supervision over the administration of the mandator Powers and emphasizing the ciple of trustesship WITHHOLDS ITS REPLY TO PROTEST OF LEASE By the Associated Press NEW YORK, August 10.—Pending receipt of coples of the formal no- the officials of the and Nashville Railroad declined comment of the Georgia railroad agalnst the prop. the Carolina. Clinchfiel and Ohio railroad by the Louisville 1d ville The Georgia protest was filed wit the Interstate Commerce Commission, which recently referred the matter to the various states interested. with i request that expressions of ap- proval or disapproval be fed with it hefore the formal hearings to be held in Washington the latter part September. BUSINESS NOTES. CHICAGO, August 10 (S West coast demand for specialties is growing stead| cording to W. Peery of the Irwin Compan Portland. Ore Y. Ga doors. ice cream ors all kinds of cabinet work are ong demand, he said. because it _is cheaper to buy the fabrica articles than to work raw ma in Pacific coast plants BOSTON, Increased Louisville Company the protest on leasing « to i August severity 10 (Special).— of competition between the New England textile mills and those of the south have been strikingly evidenced this week. The Sharp Manufacturing Company has decided to change over its en- tire plant to make medium and fancy cloths, rather than meet southern competition in tire fabrics and yarns. The Lockwood Green interests of Boston have taken over the Pelzer Manufacturing Company and _the Tucapau mills of South Carolina, which will add 201,000 spindles to the Lockwood Green holdings. ATLANTA, Augu@t 10 Co-operative marketing have established more (Special).— gencies firmly thefr icontrol of the egricultural products of Georgia by the formation of the Georgia Council of Co-operative Marketing Associations. This coun- cil i3 composed of heads of cotton, cane. peanut, pecan and watermelon growers’ organizations. Gov. M. B. Wellborn of the Atlanta Federal Reserve Bank has issued a warning to country banks agalnst loaning money on cotton warehouse receipts that are unlicensed under the federal warchouse act Abe Martin Says: Th’ ole pioneer allus kept a loaded rifle o’er th’ mantel shelf, but ther wuzn' nothin’ fer his wife t’ git jealous of but Indians. Another thing about a high- brow —he never talks about clothes, an’ you wouldn’ know he wuz wearin’ a pair o’ white flannel trousers if you didn’ see ’em on him, 4Cepyright Natioaa) Newspaper Serviged ’ Al annexation | tee § prin- ladders | ! tion Gets Permit. ATLANTA, Ga., August 10.— The Cuban branch of the Atlanta Federal Reserve Bank will be in operation in Havana September 1, it is expect- ed by Gov. M. B, Wellborn of the At- {lanta bank, who announced that plans {for the Cuban branch are being com- pleted. Recently the Atlanta bank was ac- corded permission by the Federal Re- serve Board to operate a Cuban branch, permission being given when the same privilege was given the Hoston Reserve Bank, 1 COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY ST. PAUL, August 10.—Operation of a barge line on the Mississippi to haul Texas oil to the northwest is| planned by the Standard Oil interests, it is reliably reported here. Local real estute. agents of the company have taken steps toward construction of storage and terminal facilities near {the new Ford factory site. SAN . Tex. More stock in the ANGELO, than sixty car were shipped from last week to points in the | west and northwest. Most of the animals went to pastures and feed- | ing pens August ds of this center DETROIT, August 10—The Ford Motor Company hung up another new weekly output record for the period ending Thursday night with a pr ion of 41.491 cars and trucks, or more than last week, which was > previous high mark TP The RSON, CITY, Mo., Missmuri cotton c terially during the last present condition of 10 per cent of normal indicates a yield of 224 pounds to the acre, or 175,000 bales Last year 149,000 bales were pro- duced August ned 1th, PORTLAND. 10— the ‘The been small sockeyes on the Rogue they feel the come to th want quality Oreg., August While there is little demand for better packs of salmon, canning terests here are optimistie. Alaska pack of reds has With no output of sound and with run unsatisfactory TOP, winds of the D om Xpected 10.—The hot k have dimmed ansas dry corn ST. LOUTS, Kon, prof August 10.—0. R. John- or of farm management at Missouri University, said today that the Missouri tenant farmers were los- ing 34 to 46 cents a bushel on ir wheat where their fields did not yield up to average; that is, fourteen and one-halt bushels to the acre. PITTSEURGH, August 190, ple s of all plants of the {Stutes Steel Corporfition in th ftrict are being notified that twelve-hour shift will terminate August 16. Nine and ten hour will continue for those who have been employed on those schedules Em- United the ARY. Ind. August 10 sohditions the remainder looked for in iron and s 0 far this month has s far ahead of July as July was June. There is a growing from carriers for stecl rails LOUI coal . August 10— mines in this sec- ns last week, 000 tons from centage o operati COFFEE OFFERINGS LIGHT. NEW YORK. August 16.—There ome further liguidation at the « ket for coffee fut offerings W rallicd firmer later Brazil. The opening was to 3 points higher, and months sold oft a few points the call to 8.50 for Sep- 7.54 for December, or 10 10 11 points net lower. December irallied to 7.75, and the general mar- ket closed at net advances of 5 to 14 points. Sales were reported of about 24,000 bags. September, § Oc- | toher, 8.45; December, 1.74 reh, | 7.39: May, 7.24. | Spot coffee was steady and nominal- 1y unchanged at 10% to 11 for Rio 7s to 14 for Santos 4s. Cost and offers were about unchanged ntos and a shade easier for! es of Rio Ts were reported ! f aber shipment art bourbon or flat bean 3s! and s were offered at 1260 to 12,85 {for prompt shipment. | The early cables from Brazil showed | declines of 2 50 reis in the Rio) rket and of 400 to 975 reis in Santos, but the losses were partially secovered. Brazilian port receipts, 46,000; Jundiahy receipts, 26,000 OUT-OF-TOWN BUYERS | INVADING ST. LOUIS ST. LOUIS, August 10 (Special).— More than 10,000 out-of-town buyers fare nere attending special merchan- dising exhibitions and buying up to today has been exceedingly heavy. Clothing and shoe manufacturers and ! wholesalers predict this season will be the hest in several vears, clothing especially showing an_ extraordinary advance over t year. The Curlee Clothing Company has called in its salesmen. having placed all the or- ders which it can fill. The Commonwealth Steel Company | has distributed @ bonus of $50.000 among 2,200 employes of its Granite City plant, which is operated under a system of employe representation. Freight movements of the Missouri Pacific d Wabash systems for the past month all exceeded those of the y previous monthly period and these iof the corresponding period of last year. but lght | teables from 15 points lowe near right after tember and Mai | Rie jat s Sep | EX-DIVIDEND TABLE. | August 9 Assoc, Dry Goods 18t pf.. q.... Assoc. Dry Goods 2a pf., g Conkoitdatad Gas, Goe- .« ‘August 10- Am. Smelt. & Refining pf., q American Tobaceo, merican Central R. R, of N Cleveland & Pitts, gtd,, a. Cleveland & Pitts. epe.’ gt Colorado Fuel & Iron it Genersl Development, « Harvester Df. Enam. & [2 ¢ tndelaker Corp, Woolworth Co., F. Rngust 14— Manhntian Shirt, q.. Rugnst 15— rpf Cosden & Co. Ixcre & Co. 'pf.. a Duquesne Light pf.. d.... General Asphalt pf., q Household Products, Inc. Imperial Ofl, 4. Toland Steel, Iuter. Shoe Lee Rubber Liggett & Myer Tob. Liggett & Myer Tob. B, ... Lima Locomotive, q. Martin-Parey_ Corpo. ay Dept. Stores, g..... Pltts. Steel pf.. Qooero.. Pure 0i1 Schulte R cum. pf. stock) Southern Pipe Li Stern Bros. Df., q.. United Drig Wright e August Nat. Dept. Stores 2d p Standard Oil of Indial August 17 Am. Window Glass pf. Hrooklyn Edison, q.... Ingersoll-Rand., 'q Natlonal Biseuit Co. pf., 4 Joan Ogilvie-Grant, sixteen-year- old daughter of a British peer, has made a success s a writer of fairy tales 10 be broadcasted by xadio, FINANCIAL. NEW HIGH LEVEL NOTED FOR WHEAT IN CHICAGO Prices Boosted by Crop Estimates From Kansas and Nebraska and Canada Reports. CHICAGO, August 10.—Estimates that Kansas and Nebraska this season have no surplus wheat and kaye only ralsed enough for their own rhill and seed requirements did a good deal to lift wheat values here. At first the wheat market had & downward tendency, the result of hedging sales and the fact that buy- ing appeared to be of a scattered character. It became evident, how- ever that offerings were passihg Into strong hauds. At this juncture re- ports from Kansas City indicated that domestic millers were actively pur- chasing choice hard winter wheat, Millers also were said to be good ers of wheat on track in Chicago. "he reaxon given, that Kansws and Nebraska were no longer to be count- ed as wm ¥ the 1 surplus produc- Ing states, soon was followed, by an upward swing in prices to a new high level for the week H Continued bullish ¢ the Canadian northwest aided the as- cent. According to current advices, da to Canadian wheat has been much heavier than was looked for, and serious further curtallment by frost seems likely Some notice was taken also of reports that differences between ['nited States vessel owners and the Canadian government might interfere with prompt handMng of Ca- nadian wheat by way of the reat Inping den was we »D reports from & oats rose with wheat and, both for corn and maintained DUN'S TRADE COMMENT. " YORK. August 10.—Dun’s to- ¢ will say Lctiv ies were gener- day this weel 1e lite President nely deuth cans- « sorrow. The tempor- turally cur- ness and ac- tendency to- in_various Midsummer little of n. heat posing the fact of goods De- xonal conditions enterprise for not a in producti vacations i ations, and qmicter branches of influences ace the slowinis d and humidity a Test n ope that domestic consumption is weli muintained is reassuring spite the recent decrease in employ- nient bor at diffrent manufac- vters, The public purchasing 3-Year First Trust Notes Secured D. C. Real Estate Amounts, $1,800 ch Bearing 6':% Interest Will xell at 8 per cent broker- age. Owner needs money for future building. Write and rep- resentative will call. Address Box 30%-8, Star Offce. First Mortgage Bonds Of “The Racquet Club” Of Washington, D. C. Denominations, $100 $500, $1,000 Wardman Construction Co. INCORPORATED Investment Department 1430 K Street N.W. Money to Loan Joseph 1. Weller $5Wuh i & I Home Furniture LOANS From $30 t0 $300 on D. C. resl estate, household goxls or chattels. 7 per cent interext. No brokerage eharged Come fn and let us explain our method of making loan: Commercial Loan & Finance Corporation Room 211. 821 15th 8t. N.-W. System Copsrighted & Patent Pending. 3% Paid on Savings Trust Dept. Travelers' Checks, Drafts and Letters of Credit {on $2,320,616 IN DEAL. Victor Monaghan Company to Sell Three of Its Mills. GREENVILLE, C., August 10.— Stockholders of the Victor Monaghan Company in annual meeting here to- day voted to sell the Ottaray, Seneca and Wallace plants of their chain of elght mills to three eastern buyers for an aggregate of $2,320,616, an average price of $38.20 spindle and $160 per share for the stock of the company represented in the three plants. Plans for the sale had been approved Ly the board of direc- tors of the company aud lacked only the approval of the stockholders te close the negotiations. The transfers will be made as soon as deeds can be drawn, but not later than September 3, 152 COTTONSEED OIL SLUMPS. NEW YORK. August 19, geed oil sold off one to twe! points improved weather fron the southwest, but commlssion house demand for new e steadying effect points lower for near a ed to 3 net higher f Sales vesterday, 14,000 crude, minal; prime spot, ber K507 Mar 5, all Cotto advices p months had Closing bids, 4 t summer v 955, December bid BIG ORDER FOR TIN PLATE. SWANSEA. Walex, August is reported that the Nippon Oil Com pany of Japan has placed an orde: for 20,000 tons of Welsh tin plate against the competition of America makers, whose pries idered too high 10.—1 ANY AMOUNT ¥ Reasonnble Charges on Il rade Acceptan i| Warehoune Receintn. | Manufacturers’ Accounts, {| Short-Term First and’ Secona Mortgages or Approved Col- Intera i {| American Finance Corporation || Commercial Natios Bank Bldg. Our 79, First Mortgage Notes Are_carefully selected an absolute margin of The Service We Give Insires prompt collecting snd re- mitting of interest. Al details can- tiously supersined. that the property is properly carcd for. adequately in- aired, tazes paid. Certified insured titles furuished without cost. Our experie; steads over a period of many years without t! s of a single penny it either principal or interest. Notes of $250 Up to $5,000 Now on Hand Chas. D. Sager 925 14th St. N.W. Main 36—Loan Dept. Co-Operative Building Association Organized 1879 43d YEAR COMPLETED L ....84,950,762 1,207,281 Join the Equitable and Save Systematically You will find our systematic plag the most effective method of saving, Subscription for the 85th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, Prestdent FRANK P. REESIDE, Secy. Special Dept. f‘ol‘ Ladies Bond Dept. Safe Deposit Boxes at Moderate Rentals Organized in 1814 Washington’s Oldest National Bank National Metropolitan Bank Capital, Surplus & Undivided Profits Over $1,700,000 15th St., Opposite U. S. Treasury—109 Years Old WHICH IS BETTER? Safety of principal and good return, or uncertainty and anxiety as to the principal, no matter how great the return. A trus tee has but one answer. Any other person has but one sensible answer. Over a The Quarter of a great fortunes are made by good earnings, careful sav- ings and few losses. The con- servative FIRST MORTGAGES has no peer in the investment Century 1Vsthout a Loss B. Main 2100. I market. It means no losses. F. SAUL CO. 1412 Eye St. N.W.