Evening Star Newspaper, September 5, 1923, Page 23

F RICE AND COTTON Most of Nation’s Silk Mills Unharmed—nRush of Trade With U, S. Certain. BY J. C. ROYLE. Epecial Dispatch to The Star. NEW YORK, September 5 — Al- though the loss of life and property In the Japanese earthquake and fire still is uncounted, it is sure that the empire and its cities and industries will rise from the ashes with almost miraculous speed. The immediate re- - eponse by American banks, corpora- tions and individuals to the first ap- peals for aid has eStablished that fact} without question. So far as the effect on American business is concerned, It ts being lost sight of in most cases, the only iegret being that gdins which might ensue should be at the cost of a sister nation This atfitude has been exemplified | by the immediate steps to prevent speculators from taking undue advan- tage of the demand for foodstuffs. Four hundred thousand bags of Cali- fornia rice is the prize for which these speculators now are struggling. This represents about four-fifths of the <upply most readily available for Jap- f. It is in the possession of California rice farmers who are mem Lers of the California Rice Growers' Association and who have been mar- keting their crops under co-operative arrangements. Offering Fabulous Prices. The speculators, sccenting opportu- aity. are offering growers more than double the market price which pre- vailed up o last Saturday to induce them to abrogate thelr agreements, while the association is fighting to hold the growers in line and prevent profiteering. The association has or- dered all sales of rice stopped until ==t Saturday, by which time it hopes 1o tave brought to bear sufficient pressure to offset the lure of higher prices. In addition to the 400.000 bags there are approximately 100,000 more in the hands of millers. Some of this supply has been bought up by speculators at prices around 7 cents a pound. Up to last Saturday growers were glad to ge $2.70 per_hundred pounds. The amount in _ California represents about - one-sixth of the total crop. Much of the remainder has already been shipped and is in storage in Japan Other Supplies Available. In the Louisiana rice districts there is also a much better tone to the rice market as a result of the inquiry sent_out by Gov. Parker asking how much rice could be supplied for im- mediate shipment. It is believed in New Orleans that over 3,000,000 bushels were destroyed in Japanese warehouses. About 750,000 bags are believed to be in the south. The five large Japanese houses which annually purchase from one- fifth to one-fourth of the Texas cot- ton crop are awaiting definite infor- mation from their home offices. They estimate that one-fourth of the Jap- anese cotton mijls were located in the devastated ~area. These mills were large users of American cotton, imixing it with staple. from India and China. The Japanese representatives tn Texas believe most of these mills were destroyed, with a large amount ‘6f manufactured goods, and that about 50,000 bales of American cot- ton in the ports also were destroyed. Cotton Nearing Japan Ports. Two or three shiploads of American cotton now are nearing Japan and will be diverted to Kobe. Future shipments will be held up until the needs of the remaining Japanese mills are ascertained, This will mean diverting or holding several Japanese ships loading at Houston and Gal- veston. Some of the spot cotton dealers of Texas are apprehensive that the large amount of cotton re- cently bought by Japanese houses may come back on the market, but this is considered doubtful, as much of this stock was purchased much cheaper than Is possible today. In; addition, buying by large spot houses of Alabama, Georgia and the Caro- linas, where the crop is small, is counted on to offset Japanese with- drawal from the market. Raw Silk Already Higher. The raw silk situation continued to occasion alarm among American &ilk houses, but what trading took place was of small poroportions, | although at considerably higher Imports of Japanese raw through Seattle, which for the first seven months of this year amounted to $113,921.170, will be con- tinued after a brief interruption. ac- cording to Tsunetaro Inoye, Seattle manager of the Yokohama _specie bank. August imports through the Seattle gateway are estimated at £40,000,000 in value. Inoye said that the silk mills of Japan are located mostly outside the destroved zone and that manufactured silks would continue to come through by way of Osaka and Kobe. 3 The reeling machinery in use is extremely simple and can be quickly replaced, and it is now thought by many silk men that the effect on the American market will be confined in part to the loss of the stocks in storage at the destroved ports. Many American firms are preparing to fill out their requirements with Italian silk, temporari Japan to Rush Reconstruction. Already dealers in building materials. lumber and steel have been flooded with inquiries from Japan, which indi- | cate fhat no time will be lost in erect- ing new structures. The lead in this move is being taken by American firms having interes in the empire. Japa- nese officials are making a study of building materials. One Jaupanese ex- | porting house alone received forty cables inquiring for steel Tuesday. The heaviest demand Is for galvanized scheets, used largely for roofing, wire noils, galvanized wire and wire rods and reinforcing bars. Offers of Japanese drugs, such as camphor and menthol, have been with- drawn_until it Is known what stocks were destroyed. Shippers already are clamoring for cargo svace, and it is expected that ad- | dltions gnust be made to steamship Tines opePating in the Pacific to handle the trafic. Much of the volume of sup- plies trom the Atlantic will be routed i through the Panama canal. EXPENSES OF A. C. L. $1,000,000 HIGHER! Railroad's Operating Costs Cut Down Net Revenue for Month of July. By the Associated Press. # / RICHMOND, Va., September 5.— Operating revenues of the Atlantic Coast Line for the month of July were $5.122.886, as compared with $4.494.338 for the same month last year, accord- ing to a financial statement lssued by the company yesterday. Operating expenses, however, in_July of this year exceeded fhe expenses for 1922 READY FOR JAPAN: { Pctomac | Columbia INANCIAL Received by Private Wire BY WILLIAM F. HEFFERNAN. , Special Dispatch to The Star. NEW YORK, September 5.—The movement of prices on the curb ex- change today was mixed. Speculative leaders continued active, and sub- stantial advances occurred in & num- ber of speclalties. Prominent among these latter was the new Park & Til- ford shares, admitted to trading to- day. The issue consists of 200,000 authorized capital shares of no par value. Schultz Retail Stores Corpora- tion recently took over Park & Til- ford at a price equivalent to $25 a share. It opened in the market today at 127, and was heavily dealt n throughout the session within a point of this figure. Another feature was the increased activity in Gillette Safety Razor. The stock was bid up from close Tues- day of 266% to well above 272 before NEW YORK, September 5.—Follow- ing is an official list of bonds and stocks traded in on the New York Curb Market toda: Sales in BONDS. thousands. Clase. 1027 84 1o D o = Am T & T 68 Anaconda s Anglo Am 0Nl Armour (o Del 5 Aswoc Sim Hdw & Beth Steel Tx Can Nat Ry . reoal Co Am fs. Rock I & P Slas Cit Serv T C...... Cities Service 78 D.. Cons Textiles s . Detroit City Cax 6 Detroit Edison #ix Dunlop T & R Federal Sugar 6% Fixier Rods 6x Fisher Rod Fisher Body 6s lena Sie Oil eneral Asphalt Sx. rand Trunk 6w 1t Ol of Pa_wn.. Keanecott Cop 7. .. Libby MeN & Li Win Lig r es Manitoba Pow 7s Morrls & Co 7138 t Leather N New Or Pub Serv Ohio Power w B Penn Pow & Lt 5x. Pub Serv of X J Pub Serv El Pow 6y Reading Coal Shawaheen 7 Solvey et Ci SONY T 8 0N Y 6%, Suu Ol Tx.. Swift & Co 5x. Tidal Osage 7%, on Ol 8s B ited 0l Prod Un Ry of Hay Vacuum Oil 7s. FOREIGN BONDS. King of Nether Gx.. 9815 Mexican Govt #x.. 5813 Russian GVt cfs 3133 911 Russian Govt 6igs.. 10215 Swirs Govt 3izu... 100 wisk Gove Sn 9714 U & of Mexico 4%.. 3613 STANDARD OIL ISSUES. H 8t 5 G b 222 12000 e 21 1 0 9 2 & Sales in units. 400 Anglo-Am_ 0il 200 Atlantic Lobos ', 143 215 108 10515 s o o7 15% N 5 Imp Ol 10 Ind P L ... 2000 Intern't Pet e 15 Magnolia Pet . Transit . 80 N Y Transit . 80 Prairie Ofl & Gas. 100 Penn Mex Fuel . 90 Prairie P L ... 30 South Pen Oil. 13900 8 0 Ind 700 8 0 Ky_. G 1000 8 0 N'Y new. 25 8 W Penn P L. 30 Swann & Finch . 1200 Vacuum Ofl new .. Sales. INDEPENDENT OIL STOCKS. in hundreds. 3 Boston Wyo Oil ... .72 10 Carib Synd ....... 21, Cit Serv 5 Cit Serv 10 Cit Serv Washington Stock Exchange. | SALES. Washington Gas 5<—$1,000 at 93 Washington Gas 63 1935—$1,000 $100 ac 101 5 Capital Traction 55—$1,000 at Totomac Electric deb. 65—$1,000 at 903, Totomac Elec. g. and ref. s, 1953—$1,000 .. at 101, 8 at 101 ‘Washington Rwy. & t 71,-10 at 71, 10 at 71, it 71 Washington Gas Light—1 at 4%, 2 at 49% Bank rights—1 at 96. at,158, 10 at 157, 5 at AFTER CALL. i Washington Rry. & Elec. 45—8500 at 723, Lanston Monotype—10 at 7215 Mergenthaler Linotype—10 at 139, Tnion Trust Co.—5 at 137, 5 at 137, 15715, Moncy—Ca:l loans, BONDS. Bid and Asked Prices. PUBLIC UTILITY. American Tel. & Telga. 4s. American Tel, & Telga. 415 Amer, Tel. & Tel. ctl. tr. 5s. Tel. & Tel. ‘conv. 63 5 and & per cent. & P. Telephone 58 . & P Teleplione of Vi City ‘amd Suburban 5 Georgetown Gas 1st Metropol Potomac Elec. cons. b Fotomac Elec. deb.’ 6 ec. Pow. £. m. 093, ec. Pow. §. m. & ref. 75. 106 Afex. & Mt. Ver. bs. 2 Alex. & ME. Ver. ctfh. ah.. Balt. & Annap. Gs shington Gas 58 . 5 shington Cas 6 .. 11111110 10 vash. Rwy. & Elec ds....0. sl Rwy. & Elec. g. m. 6s MISCELLANEOUS. D. C. Paper Mfg. 6s.. Riggs Realty 5» (long). Riggs Realty s (short).. Sec. Storage & afe Lep. 6 Mkt. Cold_Storage 5 Wardman Park Hotel gs. STOCKS. PUBLIC UTILITY. Amercan_Tel. & Telga . 124 apital _Tragtion Washington Gus Norfolk & Wasl & & 14 Terminal Taxi com. NATIONAL BANK. Capital Commercial District ... armers & Mechanics Federal-Americam ... Liberty Lincoln .02 National ‘Metropolitan Riggs i Thank rights Natiopal Bank of Washington.. TRUST COMPANY. urity and Trust ... “Trust... e Bank. ational~ Saviugs Union Trust.... Washington Lo SAVINGS. BANK. American =S Security Sav. & Seventh 8 United State: Washingtun el FIRE INSURANCE. § Amer.can Corcoran Firemen's g by more than $1.000,000, which re- duced the net revenue to $314,514, as compared with $745.684 last year. The operating income shows a deficit i 350‘6!& as against earnings of $470,- 84 in July, 1922 For the first seven months of the year, the statement showed. the oper- ating income, after deducting taxes, was_$10.905.382, as compared with $10.048,747 for the same peviod last year. . Nine-tenths of the women of Chinu cannot write their own names. 1 Natioual TITLE INSURANCE., c——————————— | Central Argentine Rwy. 8s 1927, ! Goodyear T. & THE EVENING ‘STAR, WASHINGTON, D C! WEDNESDAY. NEW YORK CURB MARKET Direct to The Star Office the rise was checked. This was said to be In anticipatton of an announce- ment soon to be made which is ex- pected to be of benefit to stockholders. Despite reports that the Standard 0il of New York had sustained heavy losses in Japan, the stock got weil above the previous closing. , Others of the Standard group were higher, but advances were fractional. Standard of {ndiana, however, above 53, repr sented a gzin of \polnt or so, and the Kentucky stock, at 90, was up two points. In the independent group.Marland of Mexico contintied to be heavily sold and touched a new low for the week, below 4, where it was off a point. Short covering In Southern States helped the stock to some ex- tent, but the change was slight. Coal stocks and bonds moved: inde- clsively, apparently awaiting the out- come of the meeting at Harrisburg. Glen Alden moved up a point, while Reading Coal 5 per cent bonds ‘came off a like amount. In the mining section Goldfield Florence held aroung its top price. $10.000 Cit Serv BB ptd.. 2,000 Cit Serv C serlp Englueers Pet k Glen Rock il Gult Ol of P Humphreys Oil . Keystone It Lowry Oil Sarlang . Mexlcan Oil Mexi Mountain Prod ... Mountain Gulf [ Mutual Oil vot ‘ef.. ew Bradfd Ol wi Y o1 . Penn Beaver 01l Royal Can 0 & R.. Ryan Con .... Kalt Creek ‘new W 110 7 Wicox 01l & G INDUSTRIALS. Acme Pack . 13 Allied Pack e . Am Hawaiian 8 & 13 Am Power & Lt pld 86 Armour Co Del ptd. 88 Atlantic Fruit w i, 1% Brt Inter Corp A.. 1833 Bocklyn City K R 103 Buddy Buds M 4 Car Light . 2% C 18 o4 Colorado Pow & Li. 0 Congoleum Co ‘new. 110 Curtius Acro ¢ 00 80 ubllier C & Radi> 11 Durant Motor . i Federal “Telegrap Ford Motor Co ¢ Gllletie 'S K Glea Alden Coul.* “70 Hudson & Man Rl 10 Industrial Fiber Co iz o1 e & i e g0 e Feligh Val ¢ e iy Stores pfd 931 esabi1ron Y PN L Park Tilfoid, ‘Inc.. Radio Corp Radio Corp pid’ Motor s LT Studeb W Stutz Motor Tech Prod Tenn Elec Tobaceo Prod Exp.. Unit Prof 8h new. Unl Show Mach Cor ¥ne Coal & MININ Am Commander Min Anglo-Aq Arizona elcher E: Canario Copper . Sontinental Aioes ‘ous Cop Mox tp cfs Conw Nev Ctan . Cortez Silver . Dolores Esper Emma Silver PEIR- PR 3 31 1% 11y i ] e dfield Deep Mine 13 Goldleid Florence .. .60 Goldtleld Juckpot . 20 Gold State 10 Gold Zone . 20 Hardshell Min :0 Hill Top Nevada 2 Holllnger . 1 Hecla, Mine . 1 Homestake Exten 1 Howe Sound 60 Independenc 20 Tron Blos: 1 Jerome by 10 Tone Sta e Lead .36 winion Cop. ew Jersey Zinc .. Nipissing .. 65 Qhio Copper . 20 Ray Hercules Inc G0 Red Mill Florence .22 100 San_Toy ......... 30 8il Mines of Amer. . 10 Silv' Kg Div Mines B0 Npearhead Gold ... .13 10 Succers Mines 48 Teck Hughes . 7 Tonopah Relmond . 20 Tonopah Divide Tonopah Extens ... 4 United Eastern ... 5 United Imp Mines. . 2 United Verde Ext.. 10 U 8 Contin new wi 1 Tnity Gold ....... 8% 40 Verde Mines & Mill .47 5 Wenden Copper . 3 West End Consol 10 White Caps ... 1 Yukon Goid . ) 314 SHORT-TERM SECURITIES. (Quotations furnisbed by Redmond & Co.) ~—Noon.—, . = B Ofter) Aluminum Co. of Amer. Ts 1923, 10215 103 Aluminum Co. of Amer. 7x 1833 l001s 100% American Cotton OIl 6x 1921 5 oty American Sugar 6s 1937... 102 Amer. Tel,_ & Tel, 6 1924, American Tel & Tel. 6o 192 ‘Anaconda Copper 6s 1929..... ‘Anglo-American OIl 7T3s 1933 1021, Cauadian Northern 51ys 1921... 100 973, Central Leather 5s 1925. i Chi., R, 1. & Pac. 5i4s 1836..0 971, ceere . 90 Du Pont 74s 1981. 12l 107y Federal Sagar Ref. &5 1933.7.." 0714 Fisher Body Corp. 8s 1927.....0 g1, Fisher Body Corp. 65 1928, . 8s 1031 Great Northern 7s 1936. Hocking Valley 6s Humb'e Ol 5%s 19 uwan City Term. 6y 1923 Kennecott Copper 7s_1930. Michigun State Tel. 5 1924’ . 8. M. 834 1031, 102 Co. T%s 1930 . B. H. 78 1980. .. S¢. Paul Union Depot 534s 1 i Sears, Roebuck & Co. 7a 1923.. 10014 Standard 0Nl of Calif, bs 1935.. Swift & Co. 55 1932.. Tidewater Ol 6343 1931 Union Tank Car 78 1981....0" U S. Rubber 734 1030 ra Union iss 1938 Westinghouse E. & M. 7s 1931 oai 1085, 110 1063 RAILROADS GRANTED- ‘LOWER VALUATIONS North Carolina “Assessors Three Roads Paying Too High Taxes. % 106 By the Associated Press, RALEIGH, N. C., September 5.— Valuations of “raflroads operating in the state were announced here by the state board of assessment. The new valuation figures will supecsede those of 1920. According to Commissioner, of Rev- cnue R. A. Doughton, a member of the board, some of the tailroads con- tended that their properties were overvalued, but very few changes were made. In the case of some of the ‘shorter lines the commissioner stated that they actually were being operated at a loss, a few being in the hands of receivers. < aluation of the Atlantic Coast Line resulted in an Increase, but the Nor- folk Southern, Seaboard Air Line and Southern raliroads were - alloweq de- Columbia Title. oal Estate Titie MISCELLANEOUS. Columbia_Graphophone com. Col. Graphophone pfd.. D. C, Paper yfd Merchants' Trans Mergenthaler Linotype 14 Dutch Market' cor 314 Duten Market pfd. Lansion Mouotype.. Security Storaj Washington da % sr arke! creases. The new valuation® will form the basis for taxation by the state. Figures for the larger systems are as follows: Atlantic Coast . Line, $51,592,436; Norfolk Southern, $20,191.619; Se: board Air Line, $31,641,192; Southern rallroad, $94,375,874: Caroline, Clinch- field and Ohio. $12.993,440; Durham and Southern, $1,350,000; Norfolk and Western, $4,613,604; Atlantic and Yadkin, $2,013,500; Carolina and Northwestern, $1,280,000; Winston- Salem Southbound, $4,792,120. “{estimated at 4 1 Jury oot | Find | IMARKS 434 CENTS | Sterling. Also Quoted at New Low Mark—Pressure on - Japanese Bonds. By the Associated Press. NEW YORK, September 5.—Addi- Itional new low recorgs for the year were established in the foreigh cxchange mar- Ket today by Britlsh and German cur- rencles. Demand sterling was quoted at $4.50%, the decline being attributed o speculative expectdtion of heavy drafts being drawn on Londor as a re- sult of the Japanese disaster. German marks sold as low as 4% cents a miltion, as against a high mark of 71 cents yesterday. Japanese bonds were again under pressure at the opening of today's bond market. Japanese 4s dropped 1% to 76, Tokio 5s, which dropped 10 points yes- |terday and then recovered 1%, fell back (114 again today. Japanese government 4%z yielded half a point. FORDS EARNIGS s $945 a Share, Report for Four Months Shows. By the Associated Press, NEW YORK, September 5.—The ord Motor Company made net profits $54,000.000, equal to about $315 a share on its 172,465 shares of stock, in the four months ended June 30 last, according to com- pllations made from the balance ssheet " | | inight. The period’s earnings were at the annual rate of more than $162,000,000, of about $945 a share, compared with ja net profit of $119,000.000. or about 14630 a share, earned in the year ended iFebruary 28 last. In the twelve months “ended February, 1922, the {company earned approximately $69,- ] 000,060, or about $400 a share. { JFor the first time the balance sheet ias of June 30 last, consolidates the {ltems of good will ‘and cash into an {aEgregate of $230,811.918. For several | years past the company has carried {E00d will at $20,5 5. Assuming that there has been no change In the {latter figure, the cash item alone as lof June 30 last was $210,293,932, rep- resenting an increase of more 1$50.000.000 in the four months begin- re last. and a gain of ,3$99.000.000 over that of Jyne [30 last amounted to $414,129.155, am |increase of more than $54,600,000 over ithat reported on February 25 last, jand $124.000.000 more than that on {June 36 Tast. | The Ford company during August |produced 172.000 cars and trucks. {compared with 183.735 in July, the .del'llnv being attributed to changing jover to new models. September out- {put is expected to be,more than ‘l.\.’n,f‘UU units. ALEXANDRIA. Va. September & |(Special).—A crusade against un- {licensed dogs was launched today by |Game Warden Carroll Woolf and a chase was started td gather In the junlicensed and untagged dogs found |roaming the streets. Three dogs icaught were dispatched by shooting iearly today. All dogs not tagged will ibe either shot where found or else jcaptured and the owners fined under ithe provisions of the state law. The {licenses expired last February. The iprice of the license on male dogs is 11 and' on female dogs, {"'The reedbird season’ is on in full swing, having opened September | The game warden directs the atten- {tion of hunters to the fact that all a4 new low for the year, and City of | 15 PER SHARE s of tha: date, it was learned last | The profit and loss surplus on June | A MILLION TODAY - | i | i 1217 , | than i i | i | 'slaughter during the last fiscal y | valued at 370.520 E FARM CONDITIONS ABOVE LAST YEAR e - Wheat Belt Agriculture Department Finds Situa- ~tion Improved. Better agriculture conditions pre- vail this season than last, outside of the' wheat belt, according to the monthly agricultural review issued by the Department of Agriculture. Improvement is shown both in po- sition as to debts and the outlook for fall income in the east, south, the corn belt, the range country and the Pacific coast, the review says. It adds, however, that the wheat sit- uation “is an ‘acute symptom of the general and persistent maladjust- ment between the returns for labor of country workers and those of urban workers." Although 48,500,000 hogs went to T, about 4,250,000 more than in any pr vious year, prices made a seasonal advance. ‘Storage stocks products® and ecggs are slightly above the five-year average. The ‘index of purchasing power of a unit of farm products in terms of other commodities for July is placed at 72, compared with 71 in June and with 69 u year ago. RAIL EARNINGS MAY - HIT BILLION MARK First Half Year's Combined Income Indicates New High Record. By the Associated Press. NEW YORK, Sentember 5—Rall- road earnings to date lead some executives to believe that the com- bined net income of class one roads reach the billion-dol- lar mark for the first time, In the first half of the year the railroads carned $464,227.340 against $349,605, in the corresponding veriod yedr ago. The second half of the year 1 ordinarily the largest be- causie of the big grain shipments from the west a Mors Gold Arrives. The steamehip Olympic arrived to- day with fifty-three boxes of gold zlish pounds. J P. Morgan & Co. received thirty- eight boxes, valued at 267,000 pound Kuhn, Loeb & Co.. fourteen boxes. ued at 102,000 pounds, and the w York Trust Company, one box, ued at 1,820 pounds. DEMAND FOR SPACE ON LINERS TC JAPAN Shipping Board Swamped With Requests to Carry Freight From Seattle. Special Dispateh to The Star. EATTLE. September 5.—While the Admiral Oriental Line, operating five big Shipping Beard vessels to the orient, has been ordered to withhold freight and passenger bookings, of- | ficers of the line have been deluged with applications for space for ship- ments on a commercial basis of flour, erain_and lumber. and cargo space for large additlonal shipments of salmon_is expected to be made. One big passenger liner, the Presi- | dent Jackson. is now partly loaded and cargo space in the Bakersfield, Eldridge, Elmore and Cuprum is af- fected. refusal of these Shipping Board boats to carry cargo already accepted cannot be determined at present. COMMODITY NEWS WIRED STAR FROM _ ENTIKE COUNTRY DALLAS, Tex, September 5.—The 1. | best posted cotton men here believe that the government estimate of 3,70 ipersons hunting without a license are | 000 bales for this state Is too low, but visions ‘of the state law the license {to hunt in one county is $1 a_year and to hunt in all counties of the istate is $3. Non-residents. who ‘no( own property in the state, are quired to pay $10. Another large crowd of children isembled today at Lee School to ipermits. Yesterday a total of {were issued. Tomorrow will be last day for white children to obtain them, and on Friday colored vehil- - as- get 954 iwill open Tuesday. |_The funeral of Mrs. Gill, wife of {Policeman J. Christopher Gill, who died yesterday morning, will take place “at 3 o'clock tomorrow after- inoon from her late residence, {South Lee street. Services will be |conducted by Rev. Dr. Percy Foster ! Church. Held for Grand Jury. Osborne Fenwick, colored, whose automobile Monday night struck and seriously injured Theodore Rodgers iwhile on the Camp Humphreys road, '3 { Fairfax county, was yesterday after- {noon held for the action of the and_also fined $120. ihe was driving, which, he said, be- ilonged to George Curtle: colored, Washington, was_attached. Testi- mony was that Fenwick fafled to istop after striking Rodgers and was captured after four shots were fired at_his machine by Constable Wease. Reports recelved here from Vir- ginia' Beach are to the effect that the members of the Alexandria Light {Infantry who are now at Virginia {Beach with the Virginia militia are | greatly enjoying the tkip and making {good in the training. The members rand Th car | i H i turn next Tuesday night. Several hundred persons, seeking !school tax receipts early this morn- IS { Collector P. F. Gorman and kapt the {aticiale of the tax office busy | throughout the morning hours. Tt is {eapecied that the rush will continue {until Friday, the last day for obtain- jing permits. 5 Those who will take part in the ipageant which will be| held this month for the benefit of andria_playgrounds will hold a re- hearsal tonight in the auditorium of the Elfls' Home. So great shas been the demand for automobile licenses since September {1 that the supply of tags at police headquarters is exhausted and thg po- lice have sent to Richmond for addi- tional tags and expect a' mew supply either tonight or tomorrow morning. Motorint Strikes Horse. Sebastian Mechler, 737 North Wash- ington street, reports that while on his way home from Potomac yards last night he ran into a stray horse while on North Washington street extended and damaged his automo- bile and he also had his hand.cut. Ellen B. Johnson has sold to Otis H. Hullings a lot at the Southeast corner of Washington and Montgom- ery streets. A deed of conveyance has been placed on record in the office_of the clerk of the court. C. M. Shepperson and Milton Glasgow have ‘returned from Fredericksburg, Va., where they attended the state convention of the American Leglon. They represented Alexand: this city. R CLOSING SUGAR PRICES. NEW YORK, September 5.—Sugar futures closed easy; sales 18,000 tons; September, 4.36; De- cember, 4.31; March, 3.6 i 118 {Hall. rector of St. Paul's Episcopal | 6 Alex- ! jdren will secure permits.” The schools i per cent. ria Post of |of $135,000, | the consolidation of the Mohawk 4 ;Subject_to arrest and under the pro- only a few expect the crop to exceed 4,000,000 bales HOU! TON. September 5.—From 150 do {400 to 200,000 bales of cotton will be the Te: to President marketed in Houston by Farm Bureau, according orr. NEW ORLEANS, September 5.—Or- the i ders at southern pine mills last week decreased 0.8 per cent from the previ- ous week, while production fell off 4.2 hipments increased 1.3. Re- ports from 111 mills_show 81,993,994 !feet ordered, 80.611,129 produced and 78,897,480 shipped. SEATTLE. September 5.—New or- ders for lumber from the orient, Cali- fernia and the Atlantic coast have been reflected in the activities of the west- ern Washington and western Oregon mills in the last week. The production of 134 mills was 22 per cent above nor- 'mal, and sales 2 per cent above produc- tion, or 113,273.703 feet. Shipments totaled 107,914,411 feet. AKRON. September 5.—Plans for nd Starm Rubber companies are heing worked out. This merger results trom unsettled conditions in the rub- ber industry. The combined com- panies will have a capacity of about $50,000,000 worth of tires a year. CHICAGO, September 5.—Packers of kraut and pickles in this section have temporarily withdrawn all quotations for spot or future delivery. The Na- tional Pickle Packers’ "Assoclation has taken sharp issue with the gov- ernment bulletin, which declares that the crop of products used for pickling is double that of last year. The of the local company expect to re- jassociation declares the crop is only 30 per cent of that of 19 ST. PAUL, September 5.—The con- jing besleged the office of City Tax |tract for the steel superstructure of the Ford hydraulic plant at High Dam has been awarded to the Pitts- burgh Bridge and Iron Works. BOSTON, September 5.—Further evidence of the employment of New England textile capital in the south is furnished by the purchase of the Collier Mills at Macon and Barners- ville, Ga. by the William _Carter Company of Needham Heights, Ma CHICAGO, September of freight on the great tinues to show evidences of slowing up. Movements of iron ore and coal are of considerable less volume than a week ago and shipments of grain have picked up only slightly. 3,200 GET HIGHER PAY. Denver and Rio Grande Western Voluntarily Raises Wages. CHICAGO, Septembgr 5.—Volurtary wage Increases affectihg approximate- 1y 3,200 maintenance of way and rail- ay mechanical department employes were reported to the United States railroad labor board yesterday by the Denver and Rio Grande Western railroad. The increases represent an ap- proximate total cost to the carrier according to J. R. King, statistician for the board. They range from 1 cent to 3 cents an hour, and in the case of certain foremen and engineers from $2.04 a month to $4.08 a month. The increases are effective as of August 1 and 15, 1923, and affec Brotherhood of Maintenance of Way of dairy! reported | How much loss will ensue by | _ SEPTEMBER 5, 1923. SILK PRICES RUN WILDIN MARKETS ply Cut Short—Hosiery Mills Have Reserve. By the Associated Press. NEW YORK, September 5.—Com- plete demoralization of the local raw silk market was the immediate ef- fect of the news of the Japanese disaster, according to the Journal of Commerce. Importers of raw silk and brokers refused to make quotations when the market reopened yester- | day after being closed &ince last Fri- | day. Nearly every raw silk house was flooded with inquiries from throwsters and manufacturers.| Later the silk market ran wild and all sorts of fabulous prices were of- fered for both raw thrown silk. No quotations were made, but many firms did a large business at prices {which would have been considered prohibitive a weel ago. Keen in- | terest also was manifested by broad { silk manufacturers, who were anx- ious to place orders regardless of prices where anything like prompt delivery was promised. Fear $0,000 Bales Lost. Aside from the stocks believed to have been stored in warehouses in Yokohama, variously estimated at from 30,000 to 40,000 bales, much con- cern was felt regarding the prob- able damage that has been done to the filatures. One importer said dam- uge to fllatures and cocoons might !add another 50,000 bales of silk to the loss of reeled silk- in the warehouses ready for shipment. iz From best information obtainable in the trade, the hosiery manufac- turers are in a better position than broad silk manufacturers, and in some quarters it was reported that many of the hosiery mills had ample | stocks to last them until Iscember. Exporters of stecl Japan are being deluged quiries for materials for us ling up districts devast learthquakes May Need 200,000 Ton: Cables seeking new materials have fbeen received in this country in un- {precedented numbers. One Japanese exporting house received forty cable requests. Ihe chief demand so for galvanized shee galvanized wire, nails and wire rods. Demands for reinforcing bars. and structural steel also were received. stimates by Japanese traders of the amount of steel which will be required for rebuilding range from 100,000 to 200,000 tons. = Marine unf:rwriters hav n hardest hit by the Japanese disaster, it was learned at a special meeting calied by the board of underwriters of New York, which embraces marine rinsurance companies. All available ladjusters of the American compani. as as those of China, will ent at once to the devastated are {to calculate the extent of claims s soon as detailed reports of the dis- laster have been received. " Insurance Firms Safe. ! Fire insurance companies will not ibe seriously affected, according to {Howard P. Moore, general manager fof the American Foreign Insurance | Association, which embraces sixteen ifire insurance companies, two of { which are in Japan. {"he immunity from loss is due, he | said, to a protection clause in all 1 Jupanese i rance policies eliminat- ing lability for fires caused py earth- akes. BUENOS AIRES SALES BRISK. and with in- in build- ed by the far has been well ments for Some Time. By the Associated Press, BUENOS AIRE! porters of Japane September 5.—Im- e silk, cotton and uvtner goods are rapidly selling and |their warehouse stocks, as South { American merchants are not expect- {ing further importations for a long time because of the earthquake. EXPECTS SHIPMENTS SOON. |Seattle Representative Says Silk ; Will Come via Kobe. By the Associated Press, SEATTLE, Wash pan's silk shipment !through the port of ! continued after a September 5.—Ja- to America ef interruption to Tsunetaro ager of the Seattle Yokohama Specie Bank. The shipmen cluding raw silk in bales and silk i goods in cases, aggrexated in value {for the first seven months of 1923 $113.921,170. August imports of raw silk and silk | timated to have a value of $40,000,000. | H OSAKA IS VITAL POINT. | {Silk Industry Safe if City Not Hit by Disaster. By the Associated Press. CHICAGO, September 5—If the Jap- anese earthquake and fire is limited to Yokohama and Tokio, the Japanese situation economically may not be as serious as it appears on the surface, John Jay Abbott, vice president of the Continental and Commercial N raing Inouye, man tional Bank and authority on finan- | cial conditions in China and Japan, declared” yesterday. If. however, Osaka, the great man- ufacturing center. and the silk indus- try throughout the country are de- stroyed Japan will have difficulty for many years in regaining her position among the nations of the world, he | sald. “In such an event international | trade relations will be affected, he I said, but expressed the belief that the | silk” industry has not been greatly { hurt. ! RAIL LEASE OPPOSED. Take Over Coal Road. YORK. September 5. Atlantic Coast Line can't seem to get {that proposed lease of the Carolina. Clinchfield and Ohio road settled. No wooner is one course of opposition ieliminated than another jumps in. IThe first objection to theé proposal jwas submitted by the Georgla Public iService Commission and for a time it {looked as though the commission in- itended to fight the project to the {limit. Yesterday, however, Atlanta !dispatches chronicled the withdrawal tof the opposition. Almost immedi- ately word came from Charlotte, N. C., Ithat the chamber of commerce and i “business interests” of that city had united to oppose the projected lease. These latest opponents declare that | the interests of the community would be much better served if a lease were negotiated with the Seaboard Air Line rather than.the Atlantic Coast Line. MAY MARK DOWN LOAN. NEW YORK, September 5.—London reports Austrian loan has been mark- ed down on theory that if Italy chal- Ilences league of nations, security of loan would be affected. BANK MERGER ARRANGED. LOS ANGELES, Callf., September 5. —Frank A. Vanderlip and his assos clates in control of the Common- wealth Trust Company of Los Angeles have agreed to a merger with the Bank of America, also of this city, it is announced by Ora E. Monnette and L. Williams, president and first vice approximate lemployes represented by the Unlledlpresidenz of the latter organization. The merger will take effect Septem- May, 8.75, Employes and Railway Shop Laborers,| ber 21, the announcement stated. Importers See Japanese Sup-' and lutnber to | be | Silk Importers Expect No Ship-| eattle will be | rough the ports of Kobe and Osaka, | branch of the | through Seattle, in- | zo0ds in cases are es- | Atlantic Coast Line Still Trying to: s FINANCIAL. FINANCIAL FORCES INU.S. TO AID JAPAN 100,000 Japanese on Pacific Coast I After Relief Funds—Big Barley Crop Available. [ | \ Special Dispateh to The Star. | SAN FRANCISCO, September 5.—A | hundred thousand Japanese on the | Paclfic coast today are marshaling | their financial resources to render | ald to their stricken countrymen.| The Japanese have adopted the | American war-time slogan of “Give until it hurts.” i The available supply of rice here is| comparativeiy small for relief pur- poses, but the California barley crop is the largest in years, and will be | amply sufficient to make up for the | ping Board vessels | to withhold all | i Irh‘(» shortage. Shi Ilm\ been order. {further bookings of freight and pas- jsengers for thirty days, to make | space available for relief supplies and persgnuel to Japan. Seattle to Furnish $100,000. SEATTL! September 5.-—One hun- dred thousand dollars will be raised here for Japanese relief. Officials of the Chamber of Commerce are per- fecting plans to send food, clothing nd medical supplies to the strickeu cities. Probably one-half the sum will be cabled to one of the undam- iaged ports to guarantee quick ship- {ments. Local business men plan to {ask the Shipping Board for a vessel jto carry tents, flour, canned goods, lumber, ~ condenscd milk and cured meats, BIG STEEL ORDERS SEEN AS DISASTER RESULT | By the Associated Press. | YOUNGSTOWN, Ohio. September 5. —Heavy business in the structural division of the steel industry is ex- pected as a result of the earthquake in Japan, according to steel mill n!-i ficialg here. Executives of the Tru-'-! con Steel Company and the neral Fireproofing Company, makers of | steel building material, are prepar- | ing for a rush of business when Japan begins to rebuild. Purchase of raw material by these fabricators is expected to help the steel industry in general The Truscon Steel Company expects that it plant near Osaka, Japan, even if it escaped the disaster, will not be able to meet the demand and is ex- pecting heavy export trad | PARIS MARKET FIRM. PARIS, September 5.—Prices were firm on the bourse today. Three per| cent rentes, $7 francs 50 centimes:| cxchange on London, 80 francs 8: centimes: 5 per cent loan, 74 francs, 95 centimes. The dollar was tvuulul; at 17 francs 93 centimes. x 1 ! i 1 | i | ATTENTION INVESTORS —If you have money to invest, why not have it secured by first and second 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 Estato Loans and Insurance 90. Continental Trust Bldg BT T tH [ o] -] = B H -3 g = g [ -] g b » = & Capital One Million Dollars 14th & H Streets LCITUTT EQUITABLE Co-Operative Building Association Organized 1879 43d YEAR COMPLETED 84,750,782 $1,207.281 T Ansets Sarplus . Join the vKnitable and Save Systematically —You will fnd our systematic pian the most effective method of saving. Subscription for the 85th Issue of Stock Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. NW. JOHN JOY EDSON. FRANK P. REESID! Prestdent Money to Loan Bacured by first deed of trust on real es Prevarling interest and commissiop. Joseph I. Weller $5Wah & & Iro e, i First Mortgage Loans: | Lowest Rates of Interest and Commission. Prompt Action : Thomas J. Fisher & Com) ! 738 15th_Stree: Money to loan on D. C. real estate. 1st and 2d trust loans made promptly. Usual broker- age commission. See Mr. Robertson 97to 10 A.M., 4to6 P.M. Francis A. Crawford, Inc. 903-4 Continental Trust Bldg. I Will Sell 500 Miller Tr: Control at 1.05. 300 Nat. Mort. & Inv. Units at 115, 2 Intl. Finance Corp. Units at 70. 100 Scott Gas Appliance at 5. 1 Peoples Com. & Sav. Bank bid. 00 Julian Beggs Signal at 75. 7 Chas. E. Glasser Co. 7% pfd., bid. 7 Charin Sacks 7% pfd. at 73. 14 Chapin Sacks Com. “A™ at 45. 1 John W. Thompson Co.. Inc., bid. 25 Amer. Com. & Sav. Bank, bid. Thomas L. Hume, Broker | | 1412 G Street Main 1316 pany, Inc. | | i F i i Seconc i i promptly : business ver a Quarter always of a Century Without and effici Brkes OUR 6 Main 2160 irst—You lute safe worth Fourth ing the security renders a complete Firs? Morigage Notes interest being collected nitted the day due. 1 ns are placed on e conservative basis. less one-half the market value: guaranteed title ab- acts go w'th not whethar #ze or small amounts. Apply Mr. O'Donnell. Loan Dept Amounts of $100 up to $3.000 available | CHAS. D. SAGER # 924 14th st. n.w. Loan Dept. M. 36 and our maost than Money to Loan ANY AMOUNT Reasonable Charges om Trade Acceptances, Warehouse Receipts, Manufacturers' %“eccounts, Short-Term First and Second Mortgazge: or Approved Col- lateral. American Finance Corporation Commercial National Bauk Bld GETTING THE MOST OUT OF YOUR INVESTMENTS must demand absc- ty of principal. sure that i—You must be the interest payments wiil be made v when due, regardless of conditi Third—That your investment is That the company offer- ent investment service. FIRST MORTGAGES X, meets the above requirements. B F. SAall CO 1412 Eye St. N.W. In Convenient For Investors Interest N2 Fifteenth Strect IMain 6388 Sotablished 1389 Denominations 62%