Evening Star Newspaper, September 21, 1923, Page 31

4 BEELARE FARMIERS INBETTER SHAPE Experts Predict Huge Re- turns in Cotton, Potatoes, Apples and Other Crops. BY J. C. ROY Ehecial Dispaten to NBW York fl\h' marketing men Tepresenting the United State this city, agreed ay that he vlight of the farmer in the east ll\e - ¥*outh and the far west was anything but Final returns to agri- The eptember experts, 21.—Pro- merchants, Sredit and chain store grocers, part nearly every who in | toc e now alarming. €ulturists in those sections outside the exclusive wheat beit, they said, probably would show not only profits in hand, but a greatly increased buy- ing power. The potato growers of Long Island Were cited as an example. Last vear &t this time they were getting about 40 cents a bishel for their tubers. Today the prices are around $1.40 a hel It this market, which means $1.35 to the farmer. The growers in 3 1gland and Long Island have sold enough of their vield to provide them with the necessary cash for im- mediate needs and now are in a posi- tion to hold for higher prices. They realize that if they had been able to d until this spring, their 1922 crop have brought three times as ' as it did and Thirty-cent Cotton. magic of 30-cent cotton has prosperity knocking at near- _every door in the south. The « of that staple has brought to Jarmers all the way from Georgia to Arizona an added purchasing pow- er estimated conservatively at half a ion dollars. This figure statis-{ ticians pointed out as based on an estimated yield of only 16,000,000 bales. This is below the last gov- nment_figures, which were as of ig but private reports hith- o o d most accurate and = able show heavy damage from bad weather and boll weevil dev- astation since the government fi #s were compiled Huge Apple Crop Ready he prune carryover, which has ung like an angry cloud above the Pects of the -growers, has been to less than 15,000,000 pounds by the sale of the surpius stocks lo- cated in the east, and the California Association will name opening prices on the 1923 .crop of the boarding house mainstay next Monday The tremendous apple crop of northwest, far underestimated her. tofore, is beginning to come on_the market at prices as high as $1.50 a Lox for Jonathans. In the east the rk growers have taken a £ the book of experience | t thwest and have adopted dern methods of packing and ma keting. As a result they now a beir 50 per barrel for Green- ings e Jonathans about to start to market next we. Grape Growers Getting Rich. Grape growers are reaping a rich vest in eastern markets. Manu- facturing districts a King ship- aments in carload-lots and neighbors tin the cities more thickly populated by the foreign born are combining to buy similar guantities. In Cal- ifornia the movement of the 1923 c now is in full swing with 500 to 60 b ldew hipped I erted what would Heavy @ been a heavy crop into one less n normal, and good black varie-'| ng $76 to $8 ton to { vardis The California crop is estimated at 1,568,000 tons. nond Yield Good. almod growers are reap- g udvantage because of the avy damage done rain to the erop” of Tarragona district in Spa Spanish almonds in their she heavily rain-stained and puchasers of the Spanish made efforts to cancel can almonds half cent a the best grade to around 2113 cents. The value of the croj n be est ed when it is realized that California alone will produce approx- fmately 10,000 tons this year. Flour Mills Rushed, i the wheat farmer is not en- t ut of luck, as is shown by the that the flour mills of the north Pacific coast today were put on a 1 ty - four - hour-a-day Schedule, days a week to prod four ¢ for Japan and other oriental custom- P he profits from the corn crop only be measured by the business men the growers show in market- th crop. American Woolen Rumor Denied. New Offerings Delayed. NEW YORK. September 2 ftreet today received officia f the reports that the American Woolen Company was planning to pass its dividend or that con- templated new financing. President Wood declared “American Woolen has never passed its dividend. The com- 1y has no plans under way for any ancing. Our business situation in sym hy with other lines iness. The weather has fa- ored the retailers and that is a good omen. 1 ec ue to feel optimistic. What the future has in view is any one’s guess. The Delaware and Hudson railroad ild earn interest charges this th, . F. president, de- lared’ today ow on,” he added, “traffic be good and I look for no difficulty in earning a 9 per cent dividend this vear. An- thracite production undoubtedly w proceed at capacity e all fall, which will mean steady loadings for the hard coalers.” The omissi f much financial ad- vertising by the New York new. papers because of the pressmen’s strike, has resulted in a postpone- ¢ ment of two lar railroad equip- ment trust offarings, a $12 issue of Union Pacific and a $10 . fssue of the Great Northern Railroad SRS SR . EXPORTED DURING YEAR| ial Dispateh to The Star EW YORK. September jon American cigarette 1.—Twelve an aver- ge of a billion a month, passed out of the ports of the United States in the fiscal year just ended. Curiously, too, says the Trade Record of the National City Bapnk. nearly all of them went to the orient, which pro- duces half the tobacco of the world and has ample supplies of labor with Which to turn it into form for. use. While the whole world made the acquaintance of the American clgar- ette dubing the war period, it w - orient that its use ripe: Y b while the European habit of the war years proved only temporary. Of the twelve billion cigarettes pass- ing out of our ports in the fisca] year 3 nearly nine billion went to China alone, approximately one billion to the Straits Seitlements and Dutch East 1ndfes, and anothér billion to Siam, Hongkong, Japan, and the Philippine Islands, while Europe, which teok eight billion ip.the year following the war, took less than one- quarter of a billion in 1923. SHIP BERRIES TO ORIENT. PORTLAND, Ore.. September ~ 21 (Special).—A big shipment of Oregon #nd Washington chanberries has just been started from the Columbia river for the orient. most of them being consigned to the Asiatic squadron of The Novy. 1 Opoming Prices ners. wase 50 a box for Portland delivery for best qumuu of | FINANCIAL. BY WILLIAM F. Special Dispatch to The Star. NEW had been overdone were very ingly set forth in the curb’ mark day. | All that hag ject of a heavy short interest mulated in this group was born: the big board had ceased ting nervous, the oil bears o | their commitments, {urgency as the day went on and ‘vr}. of the group were up one to points and in some instances m |, NEW. YORK, lowing is an o stocks dealt i September on the New York Market today: Sales in BONDS. thousands, | High. ~ Low. 3 Am Gas & Elec 6s.. 941 941 5 Am Roll Mills 6s.. 081 9 2Am T & T G 24 100% 3 Anaconda 6u L 1015 ¢ Anglo Am 011 7, 18 5 Ar & Co. of Del 5%% AtG & WIS o Can Pap Steel Ts '35 Nat Ry Eq Steel Sy T&P 5l rv 78 D Gax Dalt 6% Textiles_ 8. & Co | i ISP - ¥ A Cons Deere Detroit (1 i | | Dunlop Tire | s 9 1 1 i od Rubber 7x. .| Keanecott Cop 7s Magitoba Power Morris & Co 714 at Leather s Orlns Pub_Ser Ohio Power Penu - Low FPhila_Elee Pub Sery Pyl e »,V.U‘\ ern Cal_Ed SONY SO0NY 0N X S 0N Y | | & Co laal Osage Union Pacific United Argent Gov King Rep Russt Russi Russia Swiss Gort U 'S of Mex 4x... | {5 Am 0il Lobos P L PL . [ 200 Tmp Ol of € Tnd P I Inter'l Pet Co 40 Mugnolia Pet Y Transit 1100 Ohlo Ol new 075 Prairie 0il & 800 Penn-Mex Fuel 430 Prairie P L 106 South_ Penn 0l { 0 Tnd {80 Southern P L. { 80 Kansax new 500 8 0 Kentucks 200 % 0 N Y new 6100 Vacunm Oil new.. 47 Sales INDEPENDENT OIL in hundreds, 3 Ark Nat 1 Carib Synd Nities Service Cities Sersice pfd v pfd Bur B ofs.. I Creole Synd ..« & Glen Rock Ofl. 10 Gult Oil of Pa 40 Hudson 0l 20 Kesstone Ranger 10 Kirby Pet - 7 Marland 19 Mex 0l 5 Mex Panuco.... 17 Mount Prod . Mutnal Ol vtg cfs. radford Oil w i 5 Omar Ol & Gas, 1 Peerless 0il Corp.. Capital Traction R. R. {City & Suburban B 80 { Georgetown Gas 1L 87 Metropolitan R. R 9715 | Potomac Electric st 26 | Potomac Elec. Cons. 5s.. 07 Potomac Elec. deb. 6s. 993 Potamac Elec. 6a 1053, 1011 | Pot. Elec. Pow. & m. & ref. Ts. 106 { Wash., Alex. & Mt. Ver. 5%.... 30 { Wash.. Alex. & Mt Ver. etfi.. 25 | Wash., Balto, & Annapoils bs.. 71 | Washington Fearez 0B Washington 100 Voo hoy. & miec 4. 1y Wash, Rwy. & Elec. g. m. 6s.. 99% MISCELLANEOUS. D. C. Paper Mfg. 6s.. 80 Kiggs Realty os (long) Rikgs Realty 5 (stot) 08 Sec. Storage & Safe Dep. 6s.... 93 Wash. Mkt. Cold Storage 5s 9415 Wardmau Park Hotel 6s........ 89 STOCKS. PUBLIC UTILITY, American Tel! & Telga..... Capital Traction Washington_ G e Norfolk_& Wash. Steamboat Wash, Rwy. & Elec. com.. Wash. Rwy. & Elec. pfd Terminal Taxi com capital Columbia | commerciai District .. . Farmers & Mechanics' Federal-American Liberty Lincola National Ttiggs Riggs Nat. Second ... National Bauk of Washingtor Metropolitan. "‘Bank Rts TRUST COMPANY. = American Security & Trust..... 300 Contlnen ) Merchants® 121y tional Savings and Trust... nion Trus Wash. Loan and Trust. L. 3% Seventh _Street. ited States American Corcoran Firemen's National U} Columbia Title. Real Bytate Tif MISCELLANEOUS. Columbia Graphophone ¢om. Col. Graphophone pfd. D. C. Plpfl‘ prd....... Merel Transfer & snonn Mergen lllr Linotype. v 0id Dnuh Market com. Duteh Market pfd.... l‘nlnfll HDII(!"“ o Market Yoltow - Ca s *Ex dividend, HEFFERNAN. YORK, September 21.—Evi- dences that selling of the ofl shares been said on the sub- Once it was'seen that the oil shares down and that the shorts were get- curb exchange made haste to get in This buying assumed a degree of flictal list of bonds and THE EVENING STAR, WABHINGTON, D.’ NEW YORK CURB MARKET " |/ Recelved by Private Wire Direct to The Star Office cipal which crashed down to record. At 27 th five points. strik- et to- within the market itself. subject of criticism. Th this_criticism are now bl in the paucity of the dem: accu- e out. to go high. Reading Coal n the movement. the stock exchange and was improved. The revival of interest i lead- | tor was attributed to the three | Charles M or directors. 21.—Fol-y 19 Penn Beaver Oil.. 30 14 Pennock O1l.... . Curb £ o 1 Balt Creek Cous.... 8% Salt Creck 18 1 Sapulpa Ke 1 115, | 100 Seoboard Oil 1 9434 | 135 Sou States OIl 147 P8 Turman 011 K 15 Wilcox Oil & Gas 1 ! INDUSTRIALS. 5 Acme Conl mew 215 50 Rradley Firenrfg |- .03 D Reidgeport Mch w | ‘113 113 3 Rrit-Am Toh Cou.. 243 = 243 1 Brit Inter Corp A 178, 7 Rkisn City R R... 101 H Ryddy Buds .. 14 ' 1 Cent Teresa ‘ptd i | 71 Contritag Tron Tipe 1915 3 Check Cab Mfd A 201 | 1 Chicago Nipple ... an i Curt Aero cfs dop % ¢ Dubilier C & Radio o, { Durant Mot ... 2 i uraut Mov of ‘ind % en Alden_Coal 71 Goodyear Tire ... i 1 Hud & Mann B R 915 3 Hndson Co ptd 14 ! 1 Hydrox Corp S 17 1 Keystode Solether 17 | 4 Kresge Dept Stores 84 331, Kresge Dep St pfd 0% 7 McCrory Stores new 68 7 ) McCord Radiator A 68 64 i Mercer Motor 0 50 | Mesabi 1ro 5% [ 1 Nat up Co of Del i 1N Y Tel Co ptd H Purk & Tilford i Radio Corp Rudio Corp pfd Read Coal rts w Reo Motor ... Roumer Motors S0 € & 1 new d Wit Rub Co Motor Swift Inter Swift & Co Technical Prod Tobacco Prod Exp Unjon Carbide Un Retail Cands 53U S Lt & Heat. U S Lt & Heat pfd Warne Coal Yellow Taxi ¢'N'Y MININC Amal Lead Zine Sm Arizons Globe Cop Butte & Western Calumet & Jerome . anario Copper Candelaria Min . Con Cop Min te ef ons Nev Utah. Cortez Silver . Cresson Gold ureka Croesus Fortuna Mines Goldfield De: oldfield De i oldnield Hil Top Hecla Mine < Homestake Ext. 5 Howe Sound.. Independence Knbx Divide.. Lone St ational Tin New Dominion Cop | Horn 1307 | atida_ Miies " 0 Top- S, oin g | I Qn Min Corp. % {10 Stand Silver Lead.. ; Spearhead Gold ... Teck Hughes - 0 Divide 4 Towipah Fxtehs | United Eastern ... i S Contin new w i - ty Goid BOSTON STOCK MA is a list of today's highest, I | dealt in here: — amgh. Washington Stock Exchange. | Arada® (o o { SALES ‘alu & Hecla o o20 | Washington Rwy. & Elec. 46—$1,000 at! Connor J T . 0% | Capital Traction—5 at 99%, 2 at 99 [0t 0% ot National Dank—10 at 113, 10| SISCENeM Tup "k Die 0t T 0 e | A & iy 10 at 140, 10 at 140, | yayfower 0 C 3 Mi fonal Bank itights—12 at 931 lor Linotype—i0 at 109t | Mohawk Mones—Call loans. 5 and 8 per cent. |:vaw 101a colons ! BONDS. o e SR Quiney { Bid and Asked Prices. { '"r"“‘;}}f'd i PUBLIC UTILITIES, { Superior & Toston g Bia. witt & Co ot 1173 American Tel. & Telga. 48..... 82" " 021 | gwife lInter American & Telgn, 4380 102 .-t | Trinity { Am. Tel e, B, 97 Ttah Apex 1. | o Ventura Off 1. costin & P Waldorf ... Anacostia k Potomac Gua Walworth . & P T 23 Warren Bros & P. Te -'r- none of ¥ ‘Wolverine TODAY'S METAL M. NEW YORK, Septembe: by, easy; 13%al13%; futures | spot and futures, prices 6.55a7.10. spot and © 6.4026.45. $8.000,000 ten-year 6% per 1 of thie California Petroleu {were being well taken a: the.end of the day. The Olympic which left ton Wednesda: I pounds in gold; York bankers. The sugar market conti both for raws and refined. jeral Sugar advanced its I | points to 8.75. consign | by Warner Sugar. Outside of the oils, one of the prin- features was Durant e stock was off over There was no explana- tion so far as the business and earn- ings of the company were concerned. The break was set down to conditions the stock was handled when it was first brought out has long been a stock, despite the fact that it Is kell- ing some 55 points below the year's Company gained ground In sympathy with the in this class of stock on Schwab to the board of BOSTON, September 21—Following closing prices for the most active stocks unchanged. Antimony, Market Flashes at Today’s Close Tt was reported that the offering of Motors, a new low The way e fruits of eing shown and for the rights Glen Alden n Stutz Mo- election of SULINE PRICE f 1 Retail ‘Charge of 19 Cents |Thirty-Cent Cotton - Already Lowest Since 1916—Some Causing Industrial and [ Sales Down to 15 Cents. Business Revival. 10, 12. Special Dispatch to The Star Special Dispatch to The Star, CLEVELAND, September 21.-—The ATLANTA, September 21.—Every gasolihe war has struck Ohio, Reduc- !line of business and industry in the tions of 134 cents a gallon have been |southeast has quickened perceptibly |17, made by the Standard Oil of Ohjo and |with the recent advance to the 30- 11'3. have been met by Independents follow- cent mark in the price of cotton, and ing & cut'to 16 cents in Columbus, Which |conservative bankers no longer con- ‘went into effeét Wednesday. This has |ceal their optimism over the outlook. brought the price to 19 cents, the lowest | Wholesale dealers in holiday goods | it has been higre since 1916. land toys represent that they are! In some of the towns of the state,)three wegk- behind with their ship- however, sales of "hco(ler' gasoline are ments, and see no prospect of catch- i’n belng made far under this level. The lowest known price was reported from Bryan, where 15 cents was quoted. The National Motorist Association discussed the matter today with Cyrus Lecher, state director of commerce, who acted as the personal representative of Gov. Donahey, and some members of the conference expressed the bellef that gasoline might sell here for 16 cents. INSURANCE FIRMS SPEED PAYMENTS New Records Being Made in Con- nection With Great Fire in Berkeley. Special Dispateh to The Star. BERKELEY, Calif., September 21.— American insurance companies are establishing records for prompt pay- ment of losses in the Berkeley fire, which destroyed between 600 and 700 homes. About 125 companies already have paid out $2,500,000 and will dis- burse a like sum within the next few days. In many cases adjusters came to Berkeley with checks for losses al- ready made out and paid them over to homeless policyholders within a few hours after the fire had been checked. The total fire loss is estimated at $9,000,000. SCHWAB NOW STUTZ MOTOR DIRECTOR 24 a0 o8 13 a8 o1 RKET. . lowest and Low. 76 1% 9% 185 19% 1% 2% | Steel Corporation, today was elected i Answers Request of Associates to Take More Personal Inter- est in Company. the Associated Press W YORK, September Charles M. Schwab, chairman of the | board of directors of the Bethlehem | 1 a director of the Stutz Motor Car Company of America. Mr. Schwab, who bought a controlling interest in Stutz upon the retirement of Alan A. Ryan, following the corner in Stutz stock, succeeds A. S. Cassidy, who is said to have been one of his repre- sentatives on thegboard. -Mr. Schwab's electipn is understood-.to have fol- lowed the requests.of other directors that he take a more personal interest in the company. RED CROSS BUYS 100 AUTO TRUCKS Shipment Costing $250,000 to Be Rushed to Japan for TRelief Work. SEATTLE, ~ September 21.—One hundred automobile trucks were purchosed here Thursday night by Frank Waterhouse, American Red | Cross executive, for shipment, to Japan_on the Admiral liner Presi- dent Jefferson sailing Sunday. The trucks will be used in carrying, re- lief supplies. The cost of this ralief shipment is, stated to be $250,000. l 3 21% 1% = 8% ARKET. r 21.—Cop- Tin | Tron Lead 4112 Zinc steady; nearby .de- spot, cent bonds | m Company nd that the books were expected to be closed by Southamp- is bringing 204,900 ed to New nued strong The Fed- st price ten This was the figure quoted also by Amerjcan Sugar and Arbuckle Brothers re-entered the market at 8.60. Hayden Stone & Company announced 166 | today that the issue of $3,955,000 city 220 iof Norfolk, Va., bonds have been sold and the subscription closed. 15 NEW YORK EGG PRICES. o NEW YORK, September 21.—Eggs irregular, receipts, 16,3 gathered, firsts, 35a39; do poorer, 39a34; New Jers nearby hennery whites, lo: ed extra, 62a64; state, nearby western hennery to extras, 47a55; Pacific ot firsts to extra firsts, 32% pe: cent. unt *rates, 3a3 '1-16 ~per cent. bills, 3% per cent. NEW YORK, Septemb silver, 65%; Mexican \dol LIVERPOOL, Sep! 1y cotton statistics: whites, locally selected extras, BAR. SILVER RATES. LONDON, September 21.—Bar silver, l’gl ger ounce~ Money 2% s¢o WEEKLY COTTON REPORT. - mhlr 21 —Week- Total forwarded 85. Fresh seconds and ey hennery 64a66; cally select- nearby and whtes, first oast whites, 45a52, er short” bills, - Three manth: er 21.—Bar lars, 49%. to mills, 40,000 bales, of which Amer- fcan; 19, stock, umo, 000 00 27 ixnw > A rLl. ””l‘ Aml American, rican !1 SOUTHERN RY. DECLARES | SEMI-ANNUAL DIVIDEND the Associated Press. NEW YORK, September rectors of the ' Southern Railway Company’ yesterday declared the reg- ular semi-annual dividend of $2.50 on the preferred stock, but took no action on the common. While of- ficlal comment was withheld, di- rectors ridiculed reports that minor- ity stockholders were organizing to demand a resumption of dividends on the common stock on the theoy that 21.—Di- per wasy; electrolytic, spot and mear- |it was justified by current earnings, 13%a13%. adding that the subject had not even been discussed. Net earnings of the road, after taxes, in the first Seven months of this 'year totaled $17,459,001, com- pared with $12,450,903 in’ the cor- responding perfod of 1922, COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY DETROIT, September 21.—Local stove manufacturers are heavy buyers of | sheet steel and Michigan refrigerator manutacturers are unusually.busy and buying large tonnage: shieets. The Pere Marquette has bought 200 tons of heavy galvanized #sheets to equip 300 refrigerator cars the company is bujlding in its Sagi- naw shops GRANITE CITY, 1Il., September 21. —The Commonwealth Steel Company’s plants here are working at capacity, with production increased 35 per cent by the use of additions costing $1,- 500,0 NEW ‘ORLEANS, September 21.— A fine demand for women's hats is coming in from Texas points to local wholesalers: The new orders are run- ning about 10 per cent over those of “! r'dt this time. No advénce n. made in millinery mate- hats and_deliveri scarcity of velour and east have been very slow. from the north PITTSBURGH, September 21.—The supply of ripe tomatges is small, ow- ing to the long period of cool and sunless - days. At retail semi-ripe tomatoes.are selling all the way from 36 to 75 cents & basket. p CHICAGO, September 21. — The leather market is fairly good. Oak tannage bellles have been moving in good volume at 22 to 24 cents a pound, There has -also. been considerable transter made of good quality union heavy steer bellies at 21 cents. Heads range from 10 to 14 cénts on the list. BUTTER IS Mm CHICAGO, September, n.—%{::&_ lders, _C., FRIDAY, SEPTE! {LIVEEY IRABE B0 ing up, as orders are increasing in size and number. These orders are coming even from the most remote EAST W . Exchabges fof cleariug house. - Total "ot " items 10 -uad MBER 21, .1993. coNpITION INGTON SAVINGS BANK DF WASHINGTON, D. C.. At Washington, 1n the District of Celumb the close of business September 14, at RESODRCES. @ Loans . $742,403.68 Toial loans ... ..4.‘1" §742,403.68 s 3 sovernment * securities © L o S ete, 284,897.50 . Banking house, i furnfture and nmm, .- Total LIABILITIES, Capital stock’ paid 1. Surplus fund .. Tudiiens e protits.. $32,352.62 ~ 8 ,862.62 «© Less current ex- penses, _interest and _taxes paid.. 16,374.36 Time deposits (payable after or subject tor 30 and 30 days, days’' “or more notice) ostal saviogs: Other time deposits . Total of tiim its, item Total sections of the rural districts. Digtrictor coiuibia, (i of Wadbingisn, wr , 5 5 reasurer o Gov., Welborn of the Sixth DIstrict | e’ apoyemamed . bank, solemply swear that Federal Reserve Bank has made a the_above statement Is true to the best of my ate | Knowlcdge and bellef. i speclal appeal to bankers of the state KRGS Sog Pty oA prary, Treamurer indluded In this territory to attend | abecribed and swors to before. me this the national conference on the eradi- uy of September. 19 sty cation of the boll weevil, at New | (Sealy CLANENCE ¥. poNomoE: Orleans, October 16 Notary Pubiic, 1. LIVE STOCK AND GRAIN SALES AID FARMERS Correet—Attest J0HN ©. YOST L PAY FLEMER, . McKEE Tr WALKER; Jr. ustees. Special Dispatch to The Star. KANSAS CITY, September 21.—A better tone is apparent in business of the southwest. No sharp recovery has taken place, but wheat - and other grains have sold at better prices, and| large live-stock shipments have been | readily absorbed. Moisture also has been abundant recently, coming at an ideal time to encourage fall seeding preparations. As a result, even sec- tions which fared poorly with wheat have developed a more hopeful feel- in| Sietant trade has shown marked im- provement under the stimulus of fine fall weather conditions. The larger merchandisers here report good early fall buying, and between seasons clear- ance sales in cities of this territory | have reduced_the stocks necessary to carry over. The demand for women's | wearing apparel is stron t for th medium-priced lines NEW ENGLAND TEXTILE ! MILLS ARE SPEEDING UP, Special Dispatch to The Star BOSTON, September 21.—Improve- ment in demand has resulted in a quick ening of the pace in the cotton mills of New England despite the high price of | raw cotton. Some mills are lengthening their working weeks and ome new mills | have been.placed in commission. The | Renfrew Manufacturing" Company at | Adams, Mass. will resume in all de- | partments Mond. The American | Thread Company has increased its work- ing days to four a week. At Holyoke the Farr Alpaca Company has started | operations in its new cotton warp mill | with & capacity of 71,000 spindies. | SAUNDERS SHOWS ORDER | TO GET $1,000,000 LOAN By tho Assoc MEMPHIS, ‘enn., September 1— Details of transactions which led up | to the filing of a petition to put the | affairs of the Piggly Wiggly Corpora- | tion .in the hands of a receiver| bréught into the reéords of federal | court here minutes of a meeting of | the executive committee to show au- thorization given Clarence Saunders, former - presfdent of the corporation, | to act-as its agent in negotiating a | million-doltar loan. This evidence was introduced support of the contention of Mr. S who filed the petition for a re- celver, he acted as agent for an un- disclosed principal, and not as -an individual The loan was obtained by the issu-! ance of notes floated through a Nash- | ville firm of which Rogers Caldwell of Nashville is president. e T el BACK PAY FOR CLERKS. Railroad Labor Board Orders Eri to Reimburse Employes. CHICAGO, September 21.—Reim-| bursement of Erie railroad employ: represented by the Brotherhood Railway Clerks to the extent of wages loss they suftered during Jan- uary, 1921, when a_wage reduction was put into effect, has been ordered by the Railroad Labor Board. It was stated by the board that the wages were reduced approximately 40 per cent. The board declared the reduc- tion a violation of the wage decision number two, of July, 1920, by which the Erie road and the clerks orga ization were affected. | { 1 s | of | the | TOMATO PACK LIGHT. ST. LOUIS, September 21 (Special). | ~—The canning season at the plants in the Ozark region of this state will end this week. Fields are about ex- hausted and pickings from now on will be confined to second and third grade tomatoes. Heavy shipments have been made from Republic, Bill- ings, Marionville, Ava, Marshfieid and Bois d’Are, but the erop was greatly reduced by drouth and acreage is not likely to be increased in 1924, Money to Loan Becured by first deed of trust om real estate. Prevailing interest and comm| 'rnm Joseph 1. Weller S VeE k&N FlRST TRUST NOTES For Sale —in convenient denominations of $250 and upward. See Mr. Field Hedges & Middleton, Inc. REALTORS" 1334 H St. N.W. Franklin 9503 you buy our hyml‘flntm worry and fool and GUABAI“’E’;“M detail. Lookwaro-r_ FERRED MHst. No MDRRIS CA 3 -9 90000006006 00090 N2 2 2R R, The Ideal lnvestment a safe and profitable {nvestment, but are also- ‘ your funds. Let us send obligation. Convenient Denominations. Chattel LOANS @ _nezotiated in 24 hours, $30 at 8 per cent interest. All we 5 .Be;:fi.;;al“Bmldlng an| Loan Assn. 2213 14th 8t. N.W., near Fla. Ave. ANY AMOUNT Reasonable Charges om Trade Acceptances, Warehouse Recelpts, Manufacturers’ Accounts, hort-Term First and. S Mortgages or Approved Iateral. American Finance Corporation Commercial National Bank Bld, EQUITABLE Co-Operative Building Association Organized 1879 Assets the Opportunity Progress in a fina; on the method you adopt in han money. Most successful results been obtained by adopting our ss Subscription for the 85th Issue of Stock Being Recelved 915 F St. N.W. JOHN' JOY EDSON. Prea Money to Loan Save While You Have 1 way depends Shares, $2.50 Per Month EQUITABLE BUILDING FRANK P. REESIDE, Secy. :“oomooooo‘oo 0 * not_to exceed c ask E Ind 1! Diy, 34 d & b 4 econa Col- 43 YEAR COMPLETED (Seal.) s, s, Time deposits subject subjéct to 30 days' or more nouco. and paaul savings): Other time depos knowledge and belief. M. C. GEORGE C. HENRY T. OFTERDINGER, L H. FINANCIAL. REPORT OF THE CONDITION Of the LINCOLN NATIONAL BANK erve (deposits payabla within 30 days): ividual deposits subject to check..... or money borrowed). idends unpaid Total of demand deposits (other than bank de- 28, 2 30 and 31. Dposits subject to reserve, Items 26, 27, ve (payable a ts. 4. Liabilitios other than thoss above stated. Total - Washington, Dmrm of Columbia, ss.: 1, ALBERT S. GATLEY, vice president, JAMES Correct—Attest: AM'L C. REDMAN, DANA LINCOLD HAZEN, PUMPHREY. EROY W. R HERRON, ORTON, R. A, At Washington, in’ the District of Columbia, at the close of business on b September 14, 1923, RESOURCES. . 58 Total loans g s r 98 33,785,483 2, Overdraf: 5 ¢ 2392 i 4/ U. S. government securities owne: a Deposited to secure circulation (U. S. bonds ©par value) coono... $120,000.00 b All other United States governm:m securities (including premiums, if any)..... ... 666,554.50 Total ... 786.554.50 5. Other bonds, stocks, lecurltlna, ete. .. 583,103.01 . Banking house, $114,420; furniture and fixtures, $9,250 123,670.00 . Real estate owned other than banking house..... 201,049.08 Lawful reserve with fedéral reserve bank..... 321,277.39 Cash in vault and amount due from national bank: 377,750.58 U, Amount due from state banks, bankers and trust companies in the United States (other than included in ftems §, 9 and 10) * §9.196.14 112, Bxchanges for ‘Clearing houSe. .........................c.c.. 98,069.35 {13, Checks on other banks in the same city or town as reporting bank (other than item 12)... 33,942.72 ? ‘Total of items 9, 10, 11, 12 -nd 1'! . . 3378 SR" 115, Redemption fund with U. S. treasurer and due from 'U. . ETORBUPOL . ..ovonreraoiss A 16. Other assets ........... s 17. Capital stock pald in <e.. $300,000.00 Surplus fund ....... Leie. 300,000.00 .. Undivided profits £ a Reserved for mt-reu lnd uxep ac- crued 15,000.00 — $253,273.56 © Less current expenses, intérest and taxes pald. 22.266.57 * 231,006.99 20..Circulating notes outstanding. .. . 11650000 21. Amount due to federal reserve bank (del!rytd r‘r’dlls! 66,050.71 22, Amount due to'national banks........ A 133305 3. Amount due to state banks, bankers and trust companies in the Inited States and forelgn countries (other than included in ftems 21 or 22). v L Certified checks outstanding.. £ kv Cashfer's checks outstanding een Total of items 21, 22, 23, 24 and 25 '$200,670.26 Demand deposits (other than bank deposits) subject to re- Certificates of deposit due in less than thirty days (other nm; 0, . ...$1,997.404.20 ter 80 d. or cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my ALBERT S. GATLEY, Vice Pres., Cashier. ubscribed and sworn to before me this 20th day of September, 19 A. SOPER, Notary Public, D. C ALBERT S. GATLEY, FLOYD E. DAVIS, OHN W. TAYLOR WADE, W. D. SULLIVAN, BRAWNEF DORE, Di SERVICE and SAFETY National Mortgage & investment Corporation 811 Vermont Avenue N.W. Deals in the Best Real Estate Securities First and Second Trust Notes and Ware- house Receipts are purchased at f: r rates. -$6,338,435.40 1,963,810.2 33.370.00 24 00 500.00 rectors dling “When” Properly Placed 7% First Mortgage Note sdvantage Have you thought what have over other marketed securiti Can you invest other than in m notes where you are absalutely against f principal or \inter receive your income .on the date dn where in the fnvestmeht field has safe and satisfactory record been n We, like many others dealing in First Mortgages. boast of the en- viable record of never a loxs of a single peony in either princizal or interext. Notes now on hand in_smounts of $100 Up to $5,000 Full I\nrurnlur- apply Mr. O'Donnell, Loan Dent., M. 924 14th St. N.W. BUY Notes 8%/, PER CENT Offering a $4,000 is: each, well secured Washington property. Star Office LI A A A O OO First Mortgages . Theynre-otuly They are safeguarded be correct im every Investigate. betore - you our' FR'T7 [‘[] est CHAS.'D. SAGER First Trust divided into notes of $250 Address Box 80-H you ortgage secured and e? No. such a made Its 7% District of Columbia Real Estate, First-Mortgage Notes, SECURED by Improved are a GOOD INVESTMENT. Offered in denominations from $250.00 UP. we see them. Ozer a Quarter of a Century WHY OUR FIRST MORTGAGES? a quarter of a century. We know good mortgages when We have been pick- ing them out successfully for over We know how to take care of all details. : You are assured of an absolute safe investment and one where the interest payment is NEVER skipped, but made promptly when due. 1 ithout a Loss In amounts of $250 and up. sue T T O | Z B. F. SAUL lain 2100 FIRST MORTGAGES SECURED OIN IMPROVED i co. 1412 Eye St. WASHINGTON REAL ESTATE Paying 6 yz % otes in Denominations of Interest $100, $500 and $1,000 Consult Our Investment Department Regarding Our Partial Payment Plan PARTICULARS UPON REQUEST ARNOLD and COMPANY Incorporated Capital, $1,000,000 1416 Eye St. N.W. Main 2434 N.W.