Evening Star Newspaper, September 20, 1923, Page 26

A Fine Example of the Values in GRG:NUPS SCl’lOOl SI’IOCS More “GI‘O-NLIP.S'n Unchanging Never-Failing Quality Year After Year *Gro-Nups" Child’s Patent Colt High Shoe, with white kil top and patent leather band. Hand turned soles and spring heels. ....$4.50 Sizes 5to 8.... Sizes 875 to 11........$5.00 "Gr;)-Nups" Misses’ Tan Calf cut-out Strap Pump, Wwith otter suede back and wing tip. , Sizes11}5t0 2 ......... HIS attractive Fall Boot for sirls, wonderfully well made b2 < in sturdy, long wearing, Nut “Gro-N " Brown Russia Calf, Patent Lea- ro-iNups ther, or Gun Metgl Calf with it holge. Busde: top. Hand Dull Calf Tops. Goodyear Welt turned soles and spring heels. Construction. A to D jizes5t08........ ..$4.50 Widths. Sizes 8% to $ Sizes 875 to 11........$5.00 2 Cor. 7th & K Sts. 414 9th Se. 1914-16 Pa. Ave. Boys' Brown Elk Blucher with over-weight Oak leather soles and rubber heels. Made on a medium, or foot form last. B to “City Club Shop” 1318 G S¢. 233 Pa. Ave. SE. D widths. Sizes 11 to 13%5.......$4.50 { p Sizes 1t0 6 ..........$5.00 Member Better Business Bureau Youth Reig’ns Supreme--- In the New ’Autumn ERE, indeed, are beautiful shoes for beautiful girls. You’d never suspect such charming shoes—at the very peak of good style—could possi- bly sell for so little. Gray, Black or Log Cabin Suede. Black Satin and Pat- ent. $5'95 Brown Suede, Black Satin, Patent leather. $5.95 Black Satin. Patent Leather. Gray, Brown or Otser Suede. $5.95 Patent Leather, Black Satin, Log Cabin Suede. $5.95 Cor. 7th & K Sts. ~ 414 9¢h St. Club Shop” 1914-16 Pa. Ave. . 1318 G St. 233 Pa. Ave. SEE. Members Better Business Bureau ST. LOUIS IS RUSHING GOODS TO MEXICO Products ~Worth $800,000 Per Month Include Shipments of Street Cars. Special Dispatch to The Star. ST. LOUIS, September 20.—Manufac- turers and distributors in this district have been shipping products to Mexico at the rate of $800,000 a month since | recognition of the Obregon government. These products range from delicate clectrical instruments to street cars. A large proportion of these products are such as were formerly furnished the southern republic by Germany. The southeastern Missouri cotton crop is beginning to come to the gins and picking will become general shortly. Damage from boll weevil and the army worm has not been excessive in Mis- souri, but is reported to be on the in- crease in Arkansas. PAY ROLLS UP $700,000. | Railroads Open New Shops—New Freight Yard Costs $121,000. Special Dispateh to The Star. DENVER, September 20.—The local ishop pay roll of the Chicago, Burling- yton and Quincy and the Colorado and |Southern raflroads will be increased to nearly $700,000 monthly when the now shops are opened about Novem- {ber 1. These new shops represent an investment of about $2,000,000. HOUSTON, September A new railroad classification yard to cos 1$121,000 will be built at once as an extension to the {of this port. Contracts have just been let for 1,700 fect of new wharves. : EEE_EIE—_"-_.—:IEIEEZ——EIEEEE—JEE—EEE:—E]EI[EEEEEE: S e T e M =l later may dividends. terminal facilities |/ FREIGHT TRAFFIC NEAP: TO HIGHEST MARK EVER July Makes Record—Strike in Coal Fields Holds Down Septem- ber Figures. / e Freight trafic on American rail- roads -in July this year was the largest in history for that month with the exception of 1918 and 1920. Statistics prepared by the bureau of railway economics show the move- ment, measured in net ton miles, was 38,518,283,000. Compared with last July, when the shopmen’s strike was on, the month showed increased trafic of 42 per cent. In the eastern district the fig- ures were 02 per cent higher. The southern and western diStricts show- ed greater movements by 30 and 22 per cent, respectively. The average 10ad per car also was the highest for any July since 1917, being 2814 tons. Loading of revenue freight for the week ending September 8 was 928,- 858 cars, an increase of 105,611 over the same period in 1922. The total, however, was less than for the previous week, owing to Labor day and the suspension of work in the anthracite fields. BARGE ON RETURN TRIP. ST. PAUL, September 20 (Special). —The new self-propelled barge, the arrival of which from St. Louis marked the reopening of water borne traffic on the upper Mississippl, left today on her return voyage. The vessel will make no further trips this season, but regular barge service is promised for next spring. PARIS MARKET EASY. PARIS, September 20.—Prices were easy on the bourse today. Three per cent rentes, 56 francs centimes. Exchange on London, 77 francs. Five per cent loan, 75 francs. far between. The dollar was quoted at 16 francs §8 centimes. be too late. Player Pian 247 SMALL CASH PAYMENT [Terms, Bench to Match We illustrate the above player-piano because it is typical of the values offered in this sale. It cannot be told from new; it is an instrument worthy of the most .appreciative music lover; it is an instrument fitted to embellish any home. S ’ A player-piano is an investiment in home happiness and ‘here and now a small investment will yield you splendid wmr JORDAN PIANO G Street at 13th A ‘Home of tl'le'Cht'ckeringPiano ’ o] == lale——>xlal=——o{a] s, $2.25 Weekly| - == lo]——=ol——] TWO RAILROADS PLAN FOR NEW FINANCING Kansas City Southern Asks I. C. C. Right to Issue $1,620,000 in Notes. The Kansas City Southérn Railway Company applied to the Interstate Commerce Commission today for au- tiority to issue $1,620,000 in 5% per cent equipment trust certificates, The proceeds will be applied to the pur- chase of 500 steel frame box cars and ten Mallet type locomotives, costing approximately $2,161,000. The proposed issue has been placed with Ladenburg, Thalman & Co., New York, at 97.03 per cent of par. Permission to issue $280,000 in equipment trust certificates was ask- ed of the commission by the St. Louis, Troy and Eastern Railroad Company. The company plans to pur- chase 200 coal cars from the Midwest Engineering Corporation of India- napolis, delivering the trust certifi- cates in payment at 96 per cent of par. SRS RAIL 1RAFFIC HEAVY IN RAW MATERIALS Special Dispateh to The Star. DETROIT, September 20.—Officials of the Pere Marquette railroad de- clared today their shipments showed that Detroit, Lansing and Flint man- ufacturers were bringing in large quantities of raw materials. This, the officials say, is indicative of large preduction programs throughout the winter. In the Grand Rapids district the middle of this month showed in- creases of 10 per cent in outbound and 5 per cent in inbound shipments. ol—=lol—x=lol——=Jal——S o] —=]o|— o] —"] You May Never : Have Another Chance Like This! We say it emphatically and advisedly. We speak from a knowledge of conditions in the musical instrument industry acquired through many years of practical experience. tunities to secure High-grade Player-Pianos at the prices we are now quoting are few and They may never come again. This is your hour of advantage. Even a little Opp or- l[c—F——|o]c——]o]c——]a] | jol—=|o|—=2|ole——=|u|—=—23 o] —— o] =—=] 0| =———a|o| =3 |0} —=| 0| =—=] 0] COMPANY g 4 COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY DETROIT, September 20.—There is a large and growing demand for freight cars to handle the sugar beet crop of Michigan. Prospects are for 2 splendid yield. There has been no shortage of cars, AMARILLO, Tex., September 20.— Cfi.t.llemen of the panhandle are in re- 1t against the present price of $45 a ton for cottonseed cake and de- clare they will buy no more at that price, as rains in the last two weeks have glven them assurance of abun- dant grass and feed for the winter. NEW ORLEANS, Septemb — Sentiment among huyeprsemolercoztomn goods seems to be more conservative | 88Teement between here than for several weeks, attributed to the outlook r;—h“u:: smaller cotton crop. Buying has been for immediate shipment only and pur- f:‘n}n!tes for spring have been very ght, HOUSTON, September 20.—A case of eggs containing thirty dozen now is netting Texas poultrymen $9 and sup- plies stiil are under demand. Fryers are in good demand at 20 cents and ?enks at 15 to 16 cents a pound on the oot. PORTLAND, Ore., Sept. 20.—MIlis of this territory have practically sold their entire flour output up to Janu- ary 1. It is reported that a small amount for late December delivery might be obtained and $4.90 a barrel for club straight is freely bid for this production. MACON, Ga., September 20.—A large number of country merchants who have been attending the annual fall style show here have been heavy buy- ers of clothing. The liberal pur- chases are taken here to reflect accu- rately the prosperous condition in the heart of the cotton belt. A3 DENVER, September 20.—The Colo- rado fruit crop is not up to the bumper crop of 1922, but it is expect- ed that it will bring a larger profit to growers. The same is true of pctatoes. SEATTLE, September 20. — Hop growers report that the entire 1923 crop is sold out and that the yield will be only 20,000 bales in Washing- ton. Best grades are quoted at 27 cents a popnd bid, but holders are asking higher price: CRUDE OIL OUTPUT LOWER FOR WEEK 1,052,601 Barrels of Gaso- line Used’in August—Price By the Associated Press. line stocks were drawn on to the ex- tent of 1,052,601 barrels during Au- gust, according to reports received by the American Petroleum Institute, covering approximately 66 per cent of the refining capacity of the United States. Pipe line and tank farm crude oil stocks east of the Rocky mountains increased 4,973,000 bar- rels in August. The dally average gross crude oil production of the United States de- creased 5750 barrels for the week ending September’ 15, totaling 2,274,- 950, according to mary of the Institute. Daily average imports of petroleum at principal ports were 214,285 bar- rels, compared with 250, for the previous week. Daily average receipts of California oil at Atlantic pand sulf coast ports were 236857 barrels, rels for the previous week. Midcontinent crude. oil prices grading from 90 cents to $1.75 a bar- rel, according to the gravity of the! oil; Pennsylvania crude, Bradford | district, Pa., $3, and all other Pen sylvania grades, $2.75, and gulf co: $1 a barrel. NEW OIL PRICE CUT. Pittsburgh Announces Another Reduction in Crude Today. | B the Associated Press. | , PITTSBURGH, Pa., September 2 A cut in the price of Pennsylvania crude oil and other grades ranging from 15 cents to 25 cents was an- nounced when the market opened here today. The new prices are: Pennsylvania grade oil In New York Transit Company lines, $2.75; Bradford | district oil in National Transit Com- | { pany lines, $2.75; Pennsylvania grade ofl in National Transit Company lines, $2.50; Pennsylvania grade lines, $2.50; Pennsylvania grade oil in Eureka Pipe Line Company lines, $2.50; | Pennsylvania grade oil in Buckeye | Pipe Line Company lines; $2.50; a cut of 25 cents each. Corning grade oil in Buckeye Pipe Liné Company lines, $1.45; Cabell grade oil in Eureka Pipe,Line Company lines, Somerset medium oil in Cum. TEXAS COWS CHEAP. Relative Values Lower Than Other Cattle on Ranges. Special Dispatch to The Star. FORT WORTH, Texas, September 20. —Cows are sald to be the cheaps thing on_the ranges of the southwest today and Texas cow men are beginning to purchase young cows. establishing values, cattlemen here fig- ure that & cow is Worth two calves or what a two-year-old steer will bring. At the present time cows can be bought for from $20 to $30 for wet ones and $25 to $40 for dry ones. Calves are selling -at better than $20 on the aver- age. Two-year-old steers have sold re- cently as high as $57.50 a head, al- though a good many have brought not more than $50. Even with the average steer prices $47.50 and calves at $20 the cow 1| selling at less than her relative value, according to the old time cattle men’s figures. PROGRESS IN AUSTRIA SURPRISING TO LEAGUE Financial Reconstrugtion Much| More Rapid Than Was Thought Possible. By the Associated Press. GENEVA, September 20.—The prog- ress made in the financial reconstruc- tion of Austria has exceeded the x- pectations of a _year ago, in the official opinion of the council of the league of nations which bases its judgment on reports for the three months ending, August 15. These reports say that the economic situation Th Austria would have im- proved still more if the crisis in for- eign exchange in neighboring coun- tries had not impeded the conclsion of commercial treaties. It is fugther stated that the participation American banking syndicate in first large scale post war loun o tracted by a central European st on the internationzl market fs teresting and noteworthy.” Reductions Made. jae: NEW YORK, September 20.—Gasu-|:N® the weekly sum-{Wisconsin, b 29 barrelsthe groce compared with 107,429 bar-|ed the proportions { pected and the re ‘were | hands reduced during the past week and|melted prices are quoted on a new basis of | disp | ners, = $1. r : berland Pipe Line Company lines, $1.25; | 743,756,000; discount and treasury Somerset light ofl In Cumberland | increased 58,424.336,904,000; adye nees, Pipe Line Company lines, $1.40, a cut of jdecreased 16,376,288,342,000: invest: 15_cents each. ments, increased 167,305,230,000; other Ragland_grade ofl in Cumberland |assets, increased 206,864,059,245.000 Pipe Line Company lines, 75 cents un- | in circulation, increased 518, changed. deposits, _ increase 000; other liabilities, in- | 161,954,769,000. Total gold Ordinarily, in | 9etober 1. RISE IN COAL PRICE & PUT ON CONSUMER New England Householders Already Paying 50 Cents More Per Ton. BY J. 0. ROYLE. Special Dispatch to The Star. NEW YORK, September 20.—Only formal adoption of two-year the anthracite miners and operators was awaited until the prices of coal at the m were advanced 70 cents a ton by some operators and still higher by This advance, a these columns, was made in egg, * stove and chestnut sizes, those U!:l; almost exclusively for domestlc con- sumption. This advance, therefore, 1s expected to fall heaviest on the house- holder. the others. as was predicted in Rise Put on Householders, In fact, the householder in parts of New England felt the shock of the price bullet before he heard the re- Dort of the gun, for prices had been advanced 50 cents a ton at retall in Boston a few days ag Dealers in Massachusetts, however, have an- nounced that they will n e an effort to absorb the remaining 20 cents a ton of the increase by reducing g;r{;;: and lowering costs of dietri- Dealers i B B! though Gov. Pinchot of F Ivania in declaring that the new wa named in the agreement would war. rant an increass of 60 cents a ton’nt the mine, declared that all of it ought to be absorbed by operators, and distributors. However, F ministrator Hultman of riers el Ad- ¢ Massachu- ¢ setts stated today that consumers in that state never had been better stocked at this season than at present He estimated that the needs of 50 per cent of the public were well supplied Return to Work Siowly. The miners are drifting back to work slowly in the anthracite fields largely because considerable repair work and “dead” work must be done before the contract miners can com- mence cutting coal at their old rate of production. By next week howeve the mines are expected to out a normal tonnage—a vanced cost to purchasers. vances will come in most on the d sizes are s tuminous coal. Prices for the latter are down because of heavy production and excess stocks. v no immediate steps to protect the public advances on anthrac on the surface which w mined before the advanced scale wages went into effect. A former fuel .#dministrator of this state stated t part of this month, befors the new agreement was reached, that supp of te then avallable were suffic r all needs for four months. Price Jumps Unnecessary. If these figures were correct thers exists coal today which could be sold to the consumer for a long time with- out the necessity of price advances. g Of course, some of that reserve sup- ply already was in the hands of con- sumers, but deal in some locali- tles are getting already higher prices for fuel which has not yet been pro- duced, at higher costs The colder weather has stimulated sales of bituminous coal, to some ex- Tllinois and still low. Canners in Strong Position. Canners declared today that the ad- vantage which for a time lay with s and buyers of canned goods now has returned to the hands of the pac s. The various packs now being fi hed up have not reac erve s of jobbers and de away. The pea pack is W ed of already, according to can- d the corn pack has been af- fected somewhat by frosts in_some looked to for fancy pack: 11 over the country come re- ports that tomato packs have been curtailed or delayed by cold weather or disadvantageous conditions. The length of the season pected to determine the final position of the pack, however. This is because late fros: itated replanting in some s last spring, nsequent velopment of o far as fruit sharp rise in. the pri cently is a strengther GERMAN BANK REPORT. Astounding Figures Show Changes as of September 7. BERLIN, September 20.—The state- ment of the Bank of Germany as of September 7 shows the following changes: Total coin and bullion, de- | creased 1,249,688,000 marks; gold, de- creased 20,591,000; treasury and loan association notes, increased 92.861- §40,854,000; notes of other banks, in- creased 4,460,658,000; bills of ex- change and cheque, increased 113, 439,895,000 marks. $10,000 BOOK SALES. ST. PAUL, September 20 (Special). —The St, Paul school department has Sold §10,000 worth of text bodks this year to grade pupi ‘The. salds fit is claimed, have resulted in aj. ,y. ing of 20 per cent-to the purchake It is expected that an additional 000 worth of books will be sold before OIL CUTS COAL DEMAND. SEATTLE, September 20 (Special). —Production of coal in the bitumin- ous mines of western Washington continues at & low mark, being down to about 60 per cent of normal capac- ity. Heavy use of cheap fuel ol from California is held responsible for the lack of demand. EX-DIVIDEND TABLE. Stock of 3 . Record. 2 Sept. 24 Q Sept. 24 Q Sept. 24 Q Sept: 21 Q oct.” 15 Oct. 24 & Dec. 8 Dom. Mi ... Q 100 Oct” 20 Hept. 29 Empire Trust Co.. @ 8% Sept.28 Sept. Irv Bx-Col Tr Co. @ 3.00 Oct.” 1 Sept. ser (Julius) pf Q 2.00 1 Sept. Kan. City So. pf.. @ 1.00 Sept. 28 Macy (R. H.) pf-. @ 175 Oct." 13 anhat. RY. R 100 . Sept.25 Manning. M. & M. Q 1%% 3 2 Mech. & Met, Bk. 1 .2 Metropolitan Trust Q 2 3t 31cQ Norris Mfg Co Q 3 ] N. Y. Alr Brake.. Q 1 5 Air Brake A Q 2 3 Title & Mtge Q 1 24 Q 29 .23 Q 1 .20 Q 1 120 3 Q 1 3 Peopies Trust..... O = i 1 Reading Co. Q ] 38 Reading Co. 24 pf.Q 11 .2 Sterling_ Products.. Q 14 18 Stand. Ga Q . 25 i extile B Q 1 y a 2 . 5 United Aoy ... @ 10 United Alloy be.: 4 1 st Pa. Pow. pf. 1 will Q 1