Evening Star Newspaper, August 26, 1923, Page 27

FINANCIAT.” BREAK IN GRAIN IN LATE TRADING | FINANCIAT,® |INVESTORS TOLD TO MAKE OWN; GHANG[ VERY EASY ' 'PROBE INTO BANK -IN%%%OSTIA‘ JUHGW:HUUR DAYsspecial Committce Reports Tnblslibs When Buying Our | 7% First Mortgage Notes you get in addition to absolute of Principle. a pro A us service that insures interest being collccted nitted the day due. All loaris are placed .on the conservative hasis, less one-half the market suaranteed title ah- stracts go with notes, whether large or small amounts. Apply Mr. O'Donnell, Loan Dept Amounts of $100 up to $5,000 available. CHAS. D. SAGER 924 14th st. n.w. Loan Dept. M. 36 RANGE OF MARKET AVERAGES i i !Whelt. However, Holds Most of | ’ Gains in Saturday Market. i Closing Prices. the Associated Pross. CHICAGO,, August 25.—Heavy aligning, the result of general sell- | ing-induced by the late weakness at ||| Winnipeg, brought about a brehk in | grain prices in. the final half hour, but wheat managed to hold most of | its advance. At the finish wheat here was i to %e higher with De- | cember 107 to 107% and May 1123 | to 11 corn was off % to e, oats) i NEW HEAD CHOSEN < o FORPIGELY WIGELY| Learn Facts—Securltles Prices Auls fo, C. D. Smith, Memphis Man.| Convention—Financial Local Notes. to Succeed Clarence | . oL ! Saunders. Little Disturbance in Steel Industry, Weekly Metal Review Shows. B Your and our most than re- 1 h | Stockholders und subseribers fto| Iranels G. Addison. ir g i shares of the Merchants and Farmers' [an; Jumes . o s - i o \’_ Relis fae beintaasi ’d_mu.ry Toskinson, Charles D. Boyer. | Bank of Anacostla have been advised | py,pni” J. Stryker, Charles Doing. | By tie Associated Press. The steel DY a committee which they B(Dvoin(cd ;;l"'l‘m:“"'., “vkkr'\"“;‘iuvrini\' ‘}i(;\'::(nd‘ MEMPHIS, Tenn, August 25.—C. D. bersonal investigation as to {R. 8. Stunz, I D. 2 Smith, Memphis capitalist, was elected Petit, Thonas Kane, Col. Robert N. Harper. . Percival Wilson, C. H.|president ‘of the Piggly Wiggly poration at a meeting today of the di- {"nr?- Cameron, \thlo“\‘. Jjobhn - F. This committee, appointed on April | White, 1. R. Miller, Elmer Sauter, % s ttee, uppe pril | rectors of the ,corporation called to tures underwent a moderate setback select an executive head of the organi- on light local selling, then advanced 3 slating. of W | A. P. Mederia, Willlam G. Moore, John I"‘\I"‘”" und consisting of W. Bernard |y, oo > S Mrownsend, John B | 1“ 't‘»a:l-;'m"a'«* J; P. Maler fl':d‘;::: Freeman, Harey W. Finney. CJ.lzation to succeed Clarence Saunders 1 ;z*;l;:lw\ Shove siie prestans close foi o and pro- | H. rix, has been prepare ce | Ivans, : Janiew Welr WHl=| foas s 2 LT e S e m huying. much of which was by ear- pead of mew |2 Teport since May 15, but has been |lam Sackall and James Sloan jr. | FNg TECanely reSIERed atter Singieut lier wellers. An upturn in quotations orders. There are evide: of grow- | frustrated from doiug so owing to lack | Bank Cilearings Increase. of the corporation be placed in the to the 5.’;:}.".«‘1“)“3.3» ‘:‘,:sufi:"u:n‘.'.'ffll ing confidence among buyers, how- | Of co-operation on the part of the| An increase of 1.5 per cent in bank 1'3'\“'1‘;‘“‘:1’":‘,"‘“"‘1“_‘;‘; e e F | the Atlantls vesterday, did much to ! Vivir und with more inquirers coming | trustees of the common law trust com- ’t'le—-fl'ln' over the figures of & Ye&T|yng mocting. (hat plans were under ift valueg here in the carly deal-| in, bricey are belng steadlly main- [ pany and their refusal to eall a stock- |20 wak reported to Duw's Review | way for refinancing of the corpora- | e Wil gt ol B o R for wmall lots ar_ Steads prices, | holders' meeting. by leading citles of the United states | tholl. 3 | I Cae of xia e el but producers antlelpate un Improved | The bank, which was organized |48t week. the total being $5.696,618,- | M5 Saunders, in his petition for a| bad a bullish effect. as did @ predie- | but producers anticipate an fmproved | The bank, which was organized o0 gt of "30.9 per cent, more. | recelver, declured that notes ok the cor- pea S D Adeftias 01D Sionedie; opper ruled steadier during the |Oberate under n common Jw dectarus [OYeT, 18 shown in comparison with | Beratlon ukkreguting approximatels a AFt of the frain bell. Such storme, weolt Tand offerings at the li-cent | tion of trust due to the refusal of the |the dKETegate for this perlod of 1921. |million dollurs were overdue, = o (ia cleanai incsantng Dot lavel were well taken, with scllers in | controller of the currency to grant [ Relatlvely, the best exhibit ts sull oSl i iths ol Reiy e A wheat and oat b s Diwe o, o 4 £ ters outside of New York | testing the suit seel ¢ appoint- e pats 1108t instance asking 1415 cents, | permis o open its doors L nf New ent ! 5 chic] 55 deolaine vl ecame more general to- ¢ instances now adking 141y conts, [pormission for it to oen its doors on ac Slearings of $2.471,618,000 {MeNt of a recelver, which they declared Busing “became more general to na. and France have been fol- Only lately the. paid-in capital reached | represents a GELT4IE | TS U ANl Nt e sl L s bh e wheavas ‘wed by @ slight increase In ship-:the required umount, but permission cent over the t ui veariage: ] GstRh 1) foderaidisieicy cont: yestare! NWinmies: Thi delivery alivougt } nients to Germany. Prices for brass |10 open was again refused the institu- _ with eane 08 BEptenpechn. oo i =rmfi.¢p(:'&' S yance ot move Gy wnd copper have been revised, owing |tion by Controller Dawes, who rulad | Per cent alone. reports . 21c early, broke sharply and closed R BT e {the affairs of the bank were such that |Hon i the eutside clties at unchanged figures. g n was firmer, due to {their application could not even be |the statement. Ilsewhere. the Cor oL ats wore dangel of smaller Straits considered. EenEcl feomC mer ant At Gmaha (o ed by 'the action of wheat and ¢los broadening fall demand t e s (oRe DERME T in e 1 per cent at Dallas. ¥ s Tead reflected light suppli 5 T Tusurance Wen on Outing. upplics Pennsylvania bas assumed the pot and a prospective revival of The personnel of the Natio CHICAGO, T neral demand. ruling firm without | in total membe: cfit Life Insurance Company. ; =0 lnportant ‘.I:“;;:.‘ 5 ¢ p. | BABKCTS Assoc street northwest. held. nic at the ! ne swas hclped by s ST U the Jusxt month ing d memberships ardens 3o after- U of 880001 tons recenliv i iton {by hanks in that commonwealth have | Noon evening, © Athletic sports | W’ ang wepante “v"“' \'3: il {resulted in moving from third to first jand picnic dinner were the promi very light. Do I place. New York being second with {nent parts of the program. During quiet. Antimony wu " 407 and 1linols third with 1. Ithe evening mus nd dancing n i This 1= the first thme In half a cen-|stituted the . The agency tur; Lankers long aftiliated with the; fore of the DBaltimore suy. that Pennsylvania has idinner guests of the Washington in the body, which now | agents, following which they attended membership I its Wls- | yipe chalxo the Assoviated Pross 4 NEW YORK. August niarket is naturally more or less un- |to make a P d as a result of alterations in |their investment, according to state- schedule. to an cight-hour-day basis, |ment made vesterday afternoon. at these changes are being accom- Mished with less disturbance than an- ticipated. “'he demand is not a duction is running Cor- @ shade to %o lower, while provi- sions gained 10 to 2215, After a steady start, wheat fu- Continental Trust Company ~ Capital One Million Dollars 14th & H Streets T T = When vou are sick consult a doctor. When vou vou need uc us Thats Our Business ENTS B.F. SAUL CO. Mortgage Loans 1412 Eye St. N.W. Phone Main 2100 lead ps in the American with 1,219, In! Buying of lard by brokers thought August 25.-—The first { o be acting for packers gave firm- t retail comfodities ness to provisions. BOND TRADING DULL. vd & Co., the prices effeetive ember 1.+ Cotton goods und o “ff,;’u'.’.:;‘f"wl‘,-‘"v"v;l'r'" - 1 men's Seaboard Air Line Among Issues ety u NEW YORK. August 25.—-Trading in bonds in toduy's brief session H without particular feature. ctions were in small volum prices relatively firm. — Active government bonds move i pate an ithin narrow limits. The| Monéy to ]-loan the plenie in « body. total, it is e i 2 | industrials and outline curve 20 rails. .o smp 31« and the Second l,xh-‘!!('ur-d by first desd of trust on real estats ales of all stocks. . Averages used unchanged: third and | Prevailing fnterest #8d commisston. == Unlisted Securitien Prices. tertainment sisted of Den- | buying substantis and every de night—Department Pand, e latest “bid” and A A Vartment of the company is rannin t Joucnal : a point,| Joseph I. Weller 3 Wesho 2 & Tro fi s and the Treas- | = southeast: ok for securities on the! - Harris, ahead of Javt year, H { 32 and 4-32 of a Camp, Grand | WNlisted department of the local stock | S W Rutherford and M. T . point, respectively. Advances of alff otanons oo o The Year 1923 to Date on the Washington it om s fexchar wre printed for the guidance Review of Financlal Cond| h were recorded by Seaboard ‘ i Air Line ~A 40 per cent reduction in Okl : holders of these ixsuc Wkl R djustment s and_ Central a acreag wn to wheat th st k b‘, h e oL G acreage sown to wheat this | 35 decllned 1 1l was predicted in a report fssuc oc¢ XC ang . decitied BONDS | na s in Kansas City Terminal Ly the state board « Up to any including August 24, YD1 Bid. Asked. | SUC Says in par Army & Nuvy Clu . Better buying of goods and » here today following a ed by W. . Hibbs & Co., Hibba Bullding. vey in all parts of the state s tion for advunces. ptimistic and antlei- erease in s The 1 ondaxy Pennsylvan “orat. Gieowse Army Hall, { Tuesday Mt—Col. James . Pettit 1up, 921 Pennsylvania avenue south- Porter, mith. Tonn., view of its current a avenue presenta- | rst week of | Solid_eurve { Tegular ind upqi‘m\ The chart above shows the ligh and low. by weeks, of forty ve stocks dealt in on (h cw York Stuck Exchange, from thye 1p to and Including the week ending August 25, 1930 E Berry —_—— ACREAGE CUT PLANNED. |\l { volunie Wall stre Fi- is- Oklahoma May Raise 40 Per Cent Cosmos Club 3% I rials hus been the feature of the past | Cosmos Clu 2 o B Commodity prices have tutyed Less Wheat Next Year. | PP EeRRRRE firmer, and the stock murket hus { Metro IRRREE been Lenefitted by ghe improving un- | o5 filled orders of industrial companies. Two outstanding points in the truge { situation are. first, that no protracted boom from this ‘level seems prac- | tically possible, because we are al- s McCaftrey. Kimmel, Cur- erthlaume were given spe- | ¢ial mention for services rendered by the Home for Widows and Otphans. | niouia mank.. T nited States War Veterans' Associa- | Amer. Comw’l & Na ! tion at thetr business session held last} BAUKNE Trust & Moo Money to loan on D. C. real estate. 1st and 2d trust loans made promptly. Usual broker- age commission. See Mr. Agricultural 3 ioodvear §s of 1941 eacl and Nteel and Tube agricultur speeial sur- Faral + Wednesday night the Republic Hall. The final meeting of the Chat- § tanooga Club will be held ut depart- I ment headquarters, 921 Pennsylvania venue southeast, S¢ptember Al delegates, ternates and others mak- 1% the trip should be present so that tl: department commander, James J. ! Afurphy, can govern himself accord inzly. Department Adjutant Harry B. Coulter will issue certiticates for the scduced rates to attend the Chat- : nooga encampment. September 16 to Quartermaster Tom Hudlow Jiardin Camp reports two new wruits were added to the *John S. Clark ang William Myers. re- Adjutant John H. Ford of Admiral mp reports that a Dewey val C: service in honor short memorial regular business session at Musonic Temple. Adjutant Harry B. Coulter. ment_Quartermaster Joseph and William O’'Brien from mp made a few remark Harvey camp at the national e held In Chattanooga, v »u Bois and John W #lternates. The ladies of the General Trell Auxilfary held a most successful lawn ®ocial last Monday night at 921 Penn- srlvania avenue southcast The De- partment Band rendered concert. Nora Albers, president of the Ad- miral Dewey Naval Auxiliary report that at their last mecting the fol- Yowing were taken in as new mem- Jors Lilltan 3. Bawl, Sustc M. Bawl ou Ellen Bawl, Anha M. Mant “Theresa C. Dean, Lella Ober belle Sorrel. A donation of a voted to the Department Band fo | thelr_serviee rendered the auxili Tille Mae Roth, treasurer of the aux ary, reports there are now eighty H rs _on their toll. Dele | ancis Van Allen, Hallle Harkr | rifle Mae Roth and Ella Ford we "elected to represent the auxiiary at 1he twenty-fifth encampment of the National Ladies’ Auxillary to be held in Grand Army of | Clupin i of amp roster, | of President Harding was held at their North- Department |land and Depart- Harden | Coupons. the ood and welfare of the organization. | Ticlegates George B. Parker and John ! H. Ford were clected to represent the encampment to R 0 {ment Bunkers th Albert | t Bunker: Kimmerling as| ! i il | chs 7 prd. Navingd Bank . feut Pie Co........ Cheistlun Heurleh Browers . { Cotumbia_Ti { Disteice Ti { Exchunge Runk { Frankliv National } Internationnl Tank { Miller Traio Co Munsey Trust € North Cupitol | Bark Suvings | Potomac Saving ! Standard Washingi Woodridge & Lungd: Mortgake Iawue Offered. S. W. Struus & Co. have pureha: and are offering un issue of $1.200,000 first-mortgage, 6 per cent, three to fifteen year serial coupon bonds of the Fifth Avenue and Forty-Sisth Street Corporation, secured by the ixteen-story store, office salesroom bullding at 2 to 8§ 46th street, New York city. are payable February 15 August 15 Names Alds for Convention Richard W. Hynson., chalrman of {the hotel committee for the Invesi- Association convention « October 29 to 31, has jand IWest and i to be held b {named the | wecks iis due i The {the full employment means a heavy { very }ing about following to aid him in this work: ; PLANS NEW WORK | Merchandise and Financial Div sions Announced by Local Organization. | Merchants and other business in- {terests of Washington will co-operate {in the recommendations for better |BUSINESS BUREAU close to the eelling of pros- perity; and. sccond, that wx rebound or temporary recovery founded upon the autumn (rade Joes seem distinetly | Tossible. | . | changing unstable stocks and bonds well be rather | disposing of or ex- Investors, then, may deliberate in which they do not desire to hold permanently. Perhaps they can ob- tain somewhat better prices for them a little later. and there should not be much risk in holding for a few since the autumn trade which untleriies the better tone of the stock Clmarket is just in its beginning. This boom in maluly the great industrie: ployment railr to two ad conditions | causes; first, ctivity of the structurai nd, sccond, the full em- ¢ iabor af high wages. structural activity means extra large trafio in ores, forest products and building materials; and movement of merchandise and mis- cellaneous goous. Investing in new buildings now popular. We are thus invest two-and-a-half times as the war, five times u9 much as in 1900, or six times as | much as in 1890. Present building | operations are probably about 40 to{ 50 per cent above what might now be called nor SPANISH CABINET DIVIDED OVER WAR| Some Ministers Favor Advance,; much as before i choice, 3.0046.50; | steady, T Quotations sald that only land 1o be ple seeding had been broken, LIVE STOCK MARKETS. NEW YORK, August > teceipts. 463 head Caulves—Receipts Yeals, 11.00a15.50; fed heep and lambs—Receipts Pead: steady hecp, mb ern spring, 15.00a16 prime state. spring, T.00u8.0 Hogs—Reccipte, 2,0 Yorkers, #.20a3.60; heavy roughs, 6.25a6.75 3,635 comnion to . chofee x common to 14.00a13.00; culls, Baltimore Live Stock. BALTIMORE, Md. August 2 goneral live cattic market with little in values, and cattle of first quality finds ready sales. with very liitle this sort urriving by boat Common to ordinary stock desirable and ¢f uneertain today at Light i= not wharf: Beef cattle—First qualit 3 to 9: medium. pound. § to a< to ‘quality. pound. % to 6. cholee to fancy, pound. & to 6; mon to fair. pound. 21 to to quality, pound. 1 to cows, choice to fancy, he common to fair. he Calves. veal, choioe, pound. ordinary to medium. pound, rough, commion, thin, pound, pound. 4 to tg 1; cor £ te Tamb: vound. 13 to 11: fa pound. Bulls Cows Oxen 50.00 to tos. spring. ch But Others Urge More Caution. By the Associated Press TADRID, August e accomplished at tods abinet meet- ing owing to a marked divislon of opinion as to the best way of carry- was { pound, 10 to 12: common, th! Hogs—Straight, pound 1 to Live pigs, as to =i quality, pound. 10 to 12 as to size and quality, pound. & to 10. FINANCIAL NOTES. pound, ¥ to % potnd, to to 6; stugs and Shouts, of | value. | street | Milk | 60 to 9t} old | on. pound, | to good. pound, ! und boars, | BONDS. and ot. River R. 1 Lic. Power Tel. of Va . Telephoue 1 —Capital Traction 1st is. ~City and Suburban Ry. 1s Georgetown Gas Lt 1st Js. fetropolitan R. R. 18t 5s 5,000—Pot. Elece. Power st -I'ot. Elee. Power cons. 6.000—Pot. Elec. Power deb. -Pot. Elec. Power gen. sh., Dalt. & Auzp. Gas Light ge ~Wash. Ry. 000—Wash. Ry 5.200—Wash. Gas Pot. Llce. Power is....... 500—Dist. of Col. Duper Mfg. 6s. 000—Riggs Realty (long) b Wash. Markct Cold Stge an Fark Hotel STOCKS, “apital Traction hington Gas W. Steamboa . Ry d Elec. Ry. and Elec. 2 reizl National 76—Distriet National Bank..... —Farm. and Mech, Nat. Bank. . 27—Liberty Natlonal Bank.. §4—National Metropoli s Natlonal B: 46—¥Wederal-American . 145—Riggs Nat. Bank rights —Amer. Security and Trust. Aua. com.’ . pfa. Ban Fire lumbia Title Tnsuran tle Insurance. Market ...... 523—Washington S0—American_Com. S vings Bank 27—Departmentul Bank Open. High. Low. Ciose, s& 57 87 57 1810 Ton e 94 851 iy 50 o3 TNLISTED DEPARTMENT. and Savings Bank. 12 Trust and Mortgage. 1 NEW C. & 0. OFFICIAL. NEW 5 eeting of Chesap d directors Herbert Fitzpatrick { Huntington i prestdent {ceeding } Fitzpatrick 1.200 Miller Train Control at 1.10. 4 Genl. Fi 600 Nat. Mort. & Inv. Units at 11! 2 Intl. Finance Corp. Units at 70, Thomas L. Hume, Broker {1412 G St —to build a four-family apart- ment. money invested. Will give 25% interest For quick action call Alex. 308 any time Monday for appoint- ment. A comes but once in a lifetime. Robertson 9 to 10 A.M., 4to 6 P.M. Francis A. Crawford, Inc. 903-4 Continental Trust Bldg. 4 in dull trading in t oup YORK, August t ake and Ohio rai W. Va and ger Henry T. was elected vice ral counsel, suc- Wichkham. Mr. was formerly the road's Home Furniture LOANS From $50 to $200 oo household goods or chattels. 7 per cent interest. No brokerage charged. Come in and us explain our method of making small loans and certificate savings plan. Commerciel Loan & Eioance ration, Room_ 811, 921 16th St. N.W. System cov?‘ht d & Patent Peading ATTENTION INVESTORS —If you have money to invest, why not have it secured by first and secohd trust mort- gages on real estate in the National Capital, where values are constantly increasing. We are in position to handle amounts of $500 to $5,000,000 on- improved real estate with guaranteed title. Interest at 6% to 7%. Francis A. Crawford, Inc. Real Estats Loans and Insurance 903-4 Continental Trust Bldg. 1 Will Sell Scott Gas Appliance at 4. Federal Stor. Battery 87 at 13;. Peoples Com. & Sav. Bank. bid wanted. Am. Com. & Sav. Bank at 11. Julian Beggs Signal at Tie. " Main 1346 On Second Mortgage Will guarantee 14% on in property as bonus. proposition like this i & p business to be adopted at the Kansas, !ng on the Moroccan campaign. Se Western Maryland's ) 2 P : . eral of the ministers insisted u | Western Maryland's pplications of five mora new members ity national Ium_r buwhu:fls confer- | tne agvisablility of an advance "‘;ii;‘"“!‘ {income first scy | Vill be acted on at the next mert-fence, September 17 to 20, it was an- | Alhucemas, the rebel - etronghold, |agnGy formuly sug. A resolution signed by the en- {nounced following a mecting of the | while the others favored a inore eon- | Oa il Pt s tire membership of the auxiliary was S S8 agalnst 14 i board of trustecs of the local Better servative policy. . o0 e i forwarded to Mrs. Warren G. Hard- It was declded to ho _js1x months and 1822 actual earnings g expressing their heartfait sym. | Business Bureau at the Clty Club. 0ld another meet- g2 per cent. i ing next week, by which time com- | e s o o i 3 o o yathy and prayers for her consola-| Kenneth Barnard, chairman of the |plete data from the general staff of pfm;dx‘;‘r’ffl:ora;.:‘Iv'lx-n|w\‘~r|‘.‘:.1~r|mi‘=:;|...xm<'}n' net operating 8—Munse Trust ........ months on Daw 1.#65—Lanston Monotype indicates annual rate! '290—Northeast Savings ..... cent on first preferred | 46—District_Title Insurance. on same basls for .first| 76—Wash. Title Insurance... {2 Chattancoge & ptember 16-20. The We have an abundance of money 'PULLMAN’S NET MAY tion In the sad loss and death of LeFingeional vigilance committee, affllat- distingulshed husband, und that this suxiliary in_honor of Warren G Farding, our late commander-in-chief, nd in vemembrance of his lov situde for the disubled vetera late war, that in his name we Walter Reed Hospital and by rifts of flowers and fruit and words heer we commemorate his work. il of adminis- d busine: rda eld their s the ne t over by De- ‘ommander James rphy. Thie rtment _of thre ,Potomac. Tnited Spanish War Vetérans, at ils convention held recently voted 1§ Cluud Brown, the chief of stafl, & st commander's jewel for his n securing pensions for several and comrades. Kittrell of Sergt. George Camp died and was buried with Tl military henors by the comrades ©f his camp in Avlington national cemetery Past Commander Claud Brown was elected delegate Sergr. George Be #onal encampment in JAEGER DEATH FORECAST CHARGE IS INVESTIGATED ‘Wisconsin Sheriff Looks Into Re- port Jensen Predicted Next Vic- tim of Hammer Slayer. the Associated Press. BARABOO, Wis., August 25.—Sherifft Willlam Ode of Sauk county was en- “cavoring to determine today if there js any truth in a report that Alvin 1. Jensen, held in connection with the Jaeger murder, predicted that Jaeger would be the next victim of the Balzer Hummer Killer. - According to the information, a man sdentifled as Jensen told Miss Allison, zown clerk of Bear Creek. shortly af- wer the Balzer killings, that Jaeger ~would be the next. Three members of the Balzer fam- #y—Wiliam, Mary and Jullus—were In with a hammer at their farm near Cassel Prairie, Sauk county, Au- Zust 8, 1822 The slayer escaped.’ Cas- sel Prairie is about ten miles east of Tlack Hawk. the scene of the Jaeger murder. MGR. WINDHORST DEAD. ‘Was Nephew of Famous Deputy Who Served Bismarck. NCINNATI. Ohio. Augus 25,— Jigr. Ernst Windhorst, nephew of Dr. | Twdwig Windhorst, famous deputy inder Bismarck of Germany, and Yiiore than. Arcy rs_a member Cincjnnati diocese. died of apo- _ylcxy &t'a hospital here last night, i wag seventy-cight years of age. The ilzflthm of a merchamdise and finan- ses. |ties | enild, {ime f ington. 1 ied with the burcaus throughout the untry, outlincd the program to be 12 1 discussed next month of | Activities for the Washington bu- | reau outlined yesterday to the board by Director Howard Cool, include organ- | division. The merchandise activi- ill be directed by Louis Roths- | assistant director, will supervis he financial division. ool probably will represent the ‘i Washiugton buréau at the national conferetice. | The merchandise division, which | will be operated upon a definite pro- gram, has for its purpose the building of public confildence in advertising. This program provides for the har- nizing of retail merchants in ad- | ising and the advisement of the and advertisers alike as to the of advertising. tundards of ethics which adopted through the bureau ago will be brought to the at- tention of the public. and the mer- chants, Mr. Cool were announced | commissioner some | i 1o the boara | the army in Africa will be available. It is generally feared that the differ- ence over this point will precipitate | a government crisis, The officlal army communique to- day states that quiet reigns in Moroc- co. The defenders of Tifaruin arrived at Melilla, where they were greeted with honors by t high military and other authorities. Later they paraded through thc strects, receiving u tumultuous trib- | ute from the population. STOCK EXCHANGES ALL SUPPORT CATS | i Felines Used to Keep Mice From’ Gnawing Through Rolls | | H of Ticker Tape. | By the Associated Presa. NEW YORK, August 2. —Members that he was much encouraged by the | ©f the New York Cotton Exchange spirit of stundard of co-operation and advertising in the high | “Truth in advertising,” 'he said. “is but part of the work of the Burcau. Its primary purpose Is to build the | confidence of the public and to advise | the public awd the merchant alike ax to ethics of advertising.” The success of the recent fur mest- ting was outlined to the Board and a program for future campaigns'of a {stmilar kind in other fields such as| jewelry, furniture, tively approved. A tentative policy for following the “Before You Invest— Investigate” campaign in the Bureau's financial department was discussed at some length by the Board, but is will not be finally adopted and made public until the completion of the merchandise program. etc, was tenta- \ LIFTS GIFT CUSTOMS. | The:German government, the Post Office Department was advised yester- day, has revived the practice of admit- ting “gift” packages free of customs duty and has extended the weight limit for this particular classification of par- cels post to twenty-two pounds. Shortly after the close of the world war Germany and other nations of Iurope waived customs duty on “gift"” packages, most of- which came from the United States and contained food or clothing. The term “gift” pack- se is interpreted to mean any parcel of material sent as a gift to the ads dressee for the personal use of him- tor | ot | | self and his family. EARL MOTORS CUT PRICES. | DETROIT. -August 25.—The FEarl Wash- | AMotor Company has announced reduc- | tions of £500 in the price on | all moddls, effective immediately, - .4 profess no great love for cats, but they spent $51.73 for food for *tab- Dbies” during the past year, the an- nual report just published discloses. . “Bulls and bears and lambs of Wall strect may be more or less mythica an announcement states, “but the rats and mice at least are real.” The chief damage done by rats and mice, officials of the exchange state, is the gnawing through of new rolls of ticker tape. ~Accordingly, one of the exchange's porters is ecspecially in- trusted with the care of several cats. The removal of the cotton exchange to its new bullding fs expected to bring about & reduction in the cat food item as the trading room is on the the nineteenth floor and one cat probably will be able to care for all the rats apd mice that are al to climb that high. S Inquiry discloses that the New York Produce Exchange, which has the larg- est trading floor In the world, main- | tains half a dozen cats in more or less luxurious style, and that the New York Stock and Consolidated ex- changes also have a cat each on thelr “clean up” staffs. —_— LABOR LEADER FREED. Court Holds Insinity Charge ' Is Unsubstantfated. OAKLAND, ‘¢afif., August 25.—The Supetior “Tourt ‘today . dismissed a é}:« “of' insanity ‘against James Pord,-former chairman of the mining départment of the American Federa- tion of Labor, after Lord had been arrested on his wife's complaint. The court held that the evidgpce was in- sufficient to substantiate’ the charge. Dr. Jaudon Ball, alienist at the Uni- versity of California, and Mrs. Lord testified Lor.the prosecution,. 1wl June $ have bee of substantially ch will probably be accepted. A dispateh from Chicago says e ports from Great Britain undersell American goods on Pacific coast. In order to meet this condition Chicago merchants say railroads must be per-| from ! the | their rates central states to mitted to reduce Chicago and Pacific_coast. The New ¥ ilroad ye! declared quarterly ‘dividend of 11: per cent on common and 1% per cent on preferred y 17 erday Bradstreets' reports trade and dustry show little change from pre- ceding week, but there was suffielent {business to show corner was turned | several weeks ago. Progress of plans for reorganization of Chicago and Alton indicates termi nation of receivership may come by first of new year. The Keystone Tire and Rubber for & months, end June 30, reports net , $182,170. FLOUR GOES HIGHER. POLIS. Minn.. August Flour, 10 to 35 cents higher: family patents, 6.35a6.60 a barrel. Shipments, 55,874 barrels. Bran, 26.00226.50 Wheat No. 1_ northern, 1.17al.21: eptember, 1.17; December. 118%: 1.21%; Corn. No. 2 yellow. 76 Oats, No. 3 white, 35%za36%. Flax, No. 1, 2.43u! B. & 0. TO EXPAND TRACKS. T. LOUTS, August 26.—The Balti- more and Ohio railroad has purchased a large tract of land, between 225 and 230 acres, bordeting its tracks in St. Clair county, Ill, almost opposite St. Louis, where it will construct a large engine terminal, classification, inter- change and dispatch yards and other, amplifications “of present facilities, eventually involving an _expenditure | of between $1,000,000 and $2,000,000. COTTONSEED OIL FIRM. NEW YORK, August 25.—Cotton- seed oil was quiet but firm, with closing bids 4 to 10 points net higher. Pl crop supplies are light and some say_bleachable oil is unobtainable. Cah demand continues active both for October and compound, while the strengtl in lard rwas also a factor. 000 barrels. Prime crude, prime surngmer yellow, spot, September closed 10.76; De- cember, 9.50; March, 9.72, all bid. COPPER AT 14 CENTS. NEW YORK, August 25.—A stead- ier tone has developed in tho copper rarkets. - Demand has not been par- ticularly active or general. but offer- ings at the l4-cent level for electro- iytic.appear to have been pretty well abggfbed. und quotations now range &sowy 14 Lo 11k, (rvu Is unchanged. Fag o . offered w settlement | 5 cents on the dollar | Some Slight Declines During Briet | »rk. Chicago and St. Louis | regular | rable October 1, record Sepl"mlmr, in- | the { Spot. quiet, and unchanged: middling, COTTON PRICES DROP. i Saturday Trading. _ i NEW YORK. August 25.—The cot-! ton market was very quiet this morn- ! ing and fluctuations correspondingly narrow. After selling at 25 at the opening, October cased off to .08 | and closed at 24.11, with the general | market closing steady at a net decline | of 4 to 10 points on all months except | September, which was 15 points high- cr. Two more of the private end August crop reports were issued, one of them making the condition G559 and the, indicated yield, 10.926.000 bales. The ! other placed the conditlon at 4, and indicated yield, 10,926,000 bales. The other placed the condition at 56.4 and the indicated yield at 11,260,000 bales. New Orleans. August 25.—Cotton futures closed steady at net losses of | % to 12 points. Close: October. 23.49a 23.51: December, 23.50a23.52; January, 23.45a23.46; March, 23.4 May, 23.40. 24.25. DRY GOODS MARKET. NEW YORK. August —Cotton 2ooAs market was steady today, with trade lighter. Plain shades of shirt- ings will be advanced on Monday, Some traders have asked & basis of 11 cents for 4-4, 64-60 bleached cot- tons, 14 cent up. Yarns were firm. Raw silk was unchanged. Burlap markets were flrmer. Wool goods were steady with a fair volume of | business on soft-finish ric: \ MONEY EQUAL $12 PER SHARE CHICAGO. 1, August heavy passenger travel of the last vear will result in the Pullman Com- pany’s forthcoming annual report making the best showing in several | years. The fiscal year ended June 30 and the directors met vesterday to consider the figures, which made public around October 1. 1t is understood, however, that net | earnings will be equivalent to around | $12 a share on stock, or considerably above the annual dividend rate of §8. In the preceding year the company incurred a deflcit after paying divi- dends. Practically all the company’s prof- its have been derived from the oper- ation of sleeping cars. MONEY RATES STIFFEN. NEW YORK. August 5_per cent offered at 5% with brokers generally willing to bid only 5%. DRY GOODS ACTIVE. CHICAGO, August 25.—The Mar- shall Field Company saye current wholesale distribution of dry goods was_conslderably in excess of last week’'s volume and was greater than a vear ago during the same week. _—— Those working in are sald to be practically from cancer. immune TO LOAXN ON DISTRICT OF COLU] CHEVY CHASE, 1BIA AND MD., RESIDENCES 51,%. Interest H. L. RUST COMPANY 912 15TH- STREET N.W. MAIN 6888 N PONDENT FOR THE_ PRUDENTIAL o8 lcl&kl!}}(is.\gfl COMPANY OF AMERICA . —The | will be | 25.~—~Money rates were somewhat stiffer during the week. The call rate ruled around while time funds were! soap factories to loan upon mortgages in Washington at 51/2%. Wm. H. Saunders & Co 1433 K St. WHA'T HE KNOWS The man who buys our FIRST MORTGAGES —knows that he will keep his principal safe. and that he will get his interest ‘when it is due. He knows that there will be no fabulous profits, and that he will get nothing that his money does not earn. On the other hand, he knows of made promptly when due, and that there is no chance for him Owver a Quarter of a Century Without that payment interest is a Loss to lose. = B. F. SAUL CO. Main 2100 1412 Eye St. NW.