Evening Star Newspaper, October 2, 1923, Page 31

\ SINANCIAL, - REND IS UPMARD 4 Received by Private Wire INTEXTILE MILL Woolen Outlook Better—Silk Buying Picking Up—Lull in Hosiery Making. BY J. C. ROYLE. Epecial Dispateh to The Star. W YORK, October 2.—Activity of the looms and spindles of the tex- tile mills of the country indicates strongly that the actual manufacture ot fabrics will continue on an up- ward trend for months to come. Lit- effect is anticipated from the pub- ition of hte Department of Agri- culture report on the condition of the ton crop as of September 25. The a BY WILLIAM F. HEFFERNAN. NEW. YORK, OStober 2. — Early price changes on the curb market today were few, but generally on the side of advance. One or two bf the Standard Olls, such as the high-priced Prairie Ol and Gas and Standard of Kansas, were up substantlally, but others were unusually quiet and only slightly anged. Salt Creek Pro- ducers led the independent olls, get- ting up another half point or so. while the low-priced Mexico Oil had another of its characteristic run-ups, advancing about 10 points. Covering operations continued in Salt Creek Producers, the stack tak- ing on another half point. The low- priced Mexico Oil had another of its characteristic run-ups( advancing about ten points. Gilette Safety Razor sold 260, where it was up almost fi NEW YORK, October ‘ollowing is an officlal list of bonds and stocks traded In on the New York Curb Mar: ket toda 3 THE EVENING STAR, WASHINGTON, D.' C, NEW YORK CURB MARKET Direct to The Star Office ¢ on the day. This buying appeared to be in anticipation of some favorable announcements with respect to earn- Ings of the company. The firmness of Goodyear Tire while other tire and rubber shares on the big board were breaking was again manifest, ‘although no effort was made to bid up the stock. The motors did little. It was evident, however, that the element which had been ac- tive on the short side recently was less inclined to renew operaticns to- day. of the mining group = s pointa in Independ: ak of 14 e'n‘c!n‘l)t:;:l, It had closed Monday at ned slightly under that figure :ga:y‘wlnd was offered down to 19 be- fore support was encountered. The selling reflected the unprofitable con- Qition. in the lead industry. While the company is not a producer as ye the stock has been necessarily in- fienced by the unfavorable trade 10 Heaboard Ol . 61 Hou States Of1. rman 3 Wiheox ol & Ga 4% " oN o7 COTTONINVIOLENT JUMP AND BREAK Leaps Up Over $4 Per Bale, Then Drops $9 on Reports by U. S. Government. By the Associated Press, 3 NEW YORK, October 2.—The unex- pectedly small ginning figures report- ed by the census bureau this morn- ing, coupled with strong Liverpool cables, caused a jump of 31 to 48 points In cotton prices at the open- ing. This was quickly followed by further upturns that carried October contract to 29.56 and December to 29.19, or over $4 a bale above Monday's close and was within 80 points of the sea- P Measurin; of airplane in an effor sible the reporting. Tallulah, at helghts graphs it the fields crops. then po: agt acres, shown in tl era, ed by the Department of Agriculture Experiments have been made at La, with photographs of flelds of cotton, corn and hay made With the use of a “planimeter” it automatically operated, TUESDAY, : OCTOBER MEASURE ACREAGES : BY FAST AIRPLANES Goverament May Mean New Crop-Re- orting Methods. ' } g crop acreages by means PhalomEartiy SERSIRE ML t to remove So far as pos: hazard of errors in ecrop ranging from 2,500 to 7,000 feet with the plane traveling eighty to ninety miles an hour. o In photo. is possible to distinguish planted to the various ssible to measure the ex: 4 in the different flelds he photographs. The cam takes For good invest- ments from the bhond markets of the world, send for our October offering circular listing about 100 diversified issues. 3.50% to 7.55% The Nllion;l City Company 2, 1923, Money to Loan ANY AMOUNT Reasonable Charges on Trade Acceptances, ‘Warehouse Recelpts, Manufacturers’ Accounts, Corporation Commercig] National Bank Bldg. Where to Park —downtown is fast becoming such a question that many of this old institution’s custom- ers avoid the inconyenience by doing their BANKING BY MAIL. Yields from ‘Washington fWe believe you'll find it as range of private estimates has been such that consumers have had oppor- tunity to welgh contingencies of supply, and consequently other fac- tors were more potent in determining schedules- of manufacturers. ‘Woolen Outlook Brighter. Despite rumors in Wall Street that the woolen business was in for a slump of impressive proportions, con- ble optimistism was aroused to- by the statement of Willlam M. Jod, president of the American Wool- en Company, that the total value of nfilled orders on the books of his ¢ on September 1 was in ex- ny year's business prior to the with one exception. As it is known that production of mills of the company engaged on men’s goods has been curtailed rather sharply, this statement f{s ken by th etrade to mean that the demand for women's been of record proportions. Rug Auction Booming. big volume of business now being transacted at the Alexander Smith & Sons carpet and rug auc- tion sales and the higher level of prices prevalling give ample indica- tion that carpet mills will be increas- ingly active throughout the fall and early winter, especially in view of the fact that many of the goods sold now are in process of manufacture and will not be available for delivery for om one to two months. This trend 'fl(ullyr supflfl;leddhyl the volume of orders being placed with other manu- B facturers who opened ' their lines R e today. y, 86 Swiss Govt s, 96% Trade Conditions Emphasized. STANDARD OIL ISSUES. Men prominent in the textile busi- Lo felt today that the gdvantageous 153“ H% ion of the American manufac- 0 turer had been strongly-emphasized in an indirect way by Premier Bald- n {n his addre to the representa- pictures seven by nine inches, each exposure at 7,000 feet showing an area of approximately one square mile. In a three-hour flight it is posaible to make a continuous record of more than 250 square miles. Further experiments are to be made next year, and should the new method of measuring acreages prove prac- ticable it may be used as an adjunct to present crop-reporting methods. MILLION-BALE RISE IN COTTON REPORT Government Forecasts Much Bigger Crop—Ginning Fig- ure Also‘Out. DUSTRIALS. 3 Amal Leather . 1% Am G & El new w 1 371 Amer Stores ...... 3! 2 Ar & Co of Dei ptd 7 Bridgept Mach w 1 5 Brit-Am_ Tob_Cou.. 3 Bkiyn City R R.. 8 Buddy_Muds 2 Dort ' Motor. ® Dubllier C & Radio. 1 Durant Mot.... 2 Durant Mot of 1 Du Pont Motors. 31 Federal Teleg: 240 Gillette 8 It 9 Goodyear Tire 1 Gold Dust Corp. 2 Heyden Chemic 3 Hud & Man R Rt 50 1 Imperial Tobacco.. 17, 4 Intl Contl Rubber.. 1 Intl Con Indus Co 1 Kresge D & Inc. 1 §fiCrory stores i 1 Mesabi Iron 1 Midvale Co ... 174 at Sup Co of Del 8L N'Y Tel Co pfd.... 100 it M 741 15th St. N.W. Telephone—Main 3176 Sales in thousands, 1 Alum 78 new '33 5 Am Cot Ol 68 1Am Gas & El 6& G 14m T & T Gs '24.. 10044 28 Am Thread Co 6s 101% & Anaconda @s . 10115 Anglo Am Oil 7is 1024 Ar & Co of Del 5is 89t Belgo Can Pap 65 081 eth Steel, Ta 193 103 son’s high level. Publication of the government con- dition report later, however, swung the market violently the other way, and within ten minutes prices.had dropped fully 150 to 180 points, or from $7 to $9 a bale. December sold as low as 27.60 and January 27.00. Lively Trading in New Orleans. | NEW ORLEANS, October 2.—The early trading in cotton today was entirely dominated by the small gin- ning returns to the 26th of September. Prices rose 90 to 98 points in the first | hour, carrying December to 25.67. The total of 3,215,294 bales ginned was far under expectations, there having | been much talk of an output to the end of the second period of the gin-, ning season of as much as 4,000,000 bales. The market was very active, with buying orders from all direc- tlons. The interior was an especially ‘| heavy buyer, NEW YORK, futures, 11:46 am., tober_blank; Di ary, 27.55; Mar: W ORLEA! futures, noon bid steady; 27.27; December, 27.18; January, March, 26.98; May, 26 satisfactory as others, and invite your inquiries about this service. £& Deposits _ weloome in any amount—SAME RATE f interest paid on large and small accounts. National Savings & Trust Co.! Oldest Savings Depository in Washington . New York Ave. ° Money to Loan Secured by first deed of trust on real estate. Prevalling interest and commission, 420 Wash, L. &. Trust Joseph I Weller §0.7*0% 4 & ¥w: 5 P T THEE PRI PRSP ors - P ARNOLD AND COMPANY INCORPORATED. Capital, $1,000,000.00 Real Estate First Mortgage Investments 1416 Eye Street N.W. Phone Maln 2434 Detrolt City G Federal Sugar Fisher -Rody 65 '2 Galera Sig OIl Ts Gen Asphalt 8s Guit Ol of Pa Kennecott Cop Lib McN & Lib 7. Lig W Lig R Est Morris & Co 73 Natl Leather 8. X Orins Pub Be: Onio Power. s B, Pub Serv N _J Pub Sery EI Pow 6. Sloss-Sheft 6s.... Solvéy et Cie 8. Boutbern Cal Ed &5 SO N Y 78 126 ONYTs 5 0 N Y 6us, 8un Ofl 7 R Swift & Co 5s. Union Pac 0s w 1 90 Unit Ry of Hav Tis 10015 FORBIGN BONDS. Govt. of Ary King of Nether 6s.. 5 Russian Govt 8i4s Year __Cor. 15th an FIRST MORTGAGES The Oldest and Highest Paying Investment Consistent With Safety 1. Reliable Security 2. Liberal Income 3. Protection Against Depreciation 4. Prompt Payment of Interest 5. Repayment of Principal in Full at Maturity October bid; ember, 27.56; October 2.-—Cotton The 11 Read Coal rts 4 Reo Mot . 1 Spring _Bod 2 Ntude Wulfft R 1 Stuts Motor i Switt & Co. Thread Co pfd ... Un_ Retail Candy.. U S Lt & Heat pf Yel Tax| Corp N MIN L Am Exploration 14 Anglo Am of 8 Afri 200 Aria Globe Copper. 30 Belcher Divide 30 Belcher Extens . 10 Roston Mont Cor ario Copper delaria Min ... sson_Gold 4 Crown Reserve 210 Fortuna Mines ... 120 Goldfield Deep Min 6 Goldfield Florence. . 20 Goldfield Jackpot.. 1 Hollinger .......- 3 Hecla Mine ...... 7 Crown Min_Cons.. EQUITABLE Co-Operative Building Association October, 05; A cotton crop larger by a million | and a quarter bales than last year's was forecast today by the Depart- ment of Agriculture, which placed production at 11,015,000 bales. The forecast, the last of the season un(ll' 3 1 1 4 o Assets . Surplus Systematic Saving Most Effective Join the Equitable and adopt our systematie saving plan that has been 0 successful for years. Sabseription for the the December estimate, was 227,000 bales more than indicated last month. PIGGLY WIGGLY 15 N[]w MAK'NG PRUHT[.;;ZE‘: 1ot e, "crop - September " 3E, i which was 49.5 per cent of a normal, indicating a yield of 137.7 pounds per acre. A month ago the crop was fore- cast at 10,785,000 bales on a condi- tion of 54.1 per cent of a normal on August 25, indicating an acre yleld of 1348 pounds. Last year's crop was Sales 18 unit 400 Anglo Am Ol 20 Borne Berymser 30 Buckeye P L . 10 Bureka P L . Gal Sig O1l 200 PL . 30 1mp Ol of Ct » 1% President Says at Hearing ! WILLIAM S. PHILLIPS —~fives of the dominions of the British empire, appealing for growth of trade within the empire and for pro- duction of raw materials by the dominions. While he did not name hem specifically, it is felt that the aw materials epeclally desired were cotton and wool. Hosiery Business Slow. The hoslery manufacturers of the zorthern section of the country per- haps have felt favorable influences ess than. other textile lines, and mills n the Philadelphia section are not perating above 60 per cent of capac- y on the average. One reason for this is that the plants were expanded during the war to a point where their acity is beyond the requirements of normal times. Southern mills, es- pecially those engaged in making the cheaper grades, are well occupled, ind northern makers have difficulty n meeting this competition, as they ite on a forty-eight-hour week s compared with a sixty-hour week in the south. Silk Buying Picking Up. The Japanese disaster struck the hoslery manufacturers hard, as few were heavily supplied with silk yarn. In the Philadelphia district raw m: terial at the plants, on the average, was _sufficient for less than one month’s run, and makers hesitated to turn to artificlal silk for fear. of in- jurifg their standing as niakers of gh-grade silk hosiery., They now buying silk in small quantities as it becomes available, hoping that raw stlk prices will drop. In other lines of knitted goods, however, prospects are unusually good. Ford’s Price-Cut Explained, The cut in prices on Ford gutomo- blles is regarded in the automobile trade as less in the nature of a stimu- lant to sales than as a passing on of savings, due to Improved methods and advantageous buying of materlals, to | the consumer, and as an investment in good will of Ford buyers. Except on the ground of good wiil invest- ment, it Is difficult to explain the fact hat the made applicable to buying cars on the weekly pur- chase plan who have not yet taken deliveries. DOLLINGS TO PAY . BUT20CTS. ON ST Assets of $693,147 for Cred- itors Who Invested $3,000,- 000 in Company’s Stock. By the Assoclated Press. PHILADELPHIA, October 2.—Ap- vraisers of the R. L. Dollings Com- pany of Pennsylvania today fixed the value of tho assets of the company, which is in the hands of a receiver, at $693,147. Stockholders who paid in $3,000,000 for the stock of the company will re- ceive but 20 cents on the dollar, ac- (3 1% 12915 3300 Interna Pet Co Ltd 10 Magnolia Pet 40 Northern P L. 65\Prajrie P L. 15200 8 O Inds 8 O Kansas new. 2100 Vacuum Ofl mew... 49% 49% NDEPENDENT OIL STOCKS. in_hundred: 3% Olt Serv. § Lafayette OIL 3 Marland . 1 Margay Ofl 120 Mex ON . 15 Mount Prod . 19 Mutual Oil vot cfs 1 New Brad Oil w 1 30 Northwest Oil 1 Omar Ol & Gf 1 Pennock Ol . Washington Stock Exchange. BALES. £ & r. Gs 1935—$1,000 at 5 at 99 0 at 7 1005000 ot To1 1%, 81, at C‘I‘Dllll Traction Co.—10 at $0%, Washington Rwy. & Elee. pfd. 10 at 70%, 10 at 70%. AFTER CALL. Capital Traction Co.—&at 99%. » Wishington. Rwy. TR 10 at 708, 1O eraat Bleotsic #. 4 ref, 15§00 at 1 ‘Potomae Eleoiric 5. & ref. X Capltal Traction Ga—$1,000 at 84, $300 at 94. Capital Traction 5s—$500 at 84. 100 at 10035, $100 at 10015, 0034, $1 100 ac 10045, 3100 ut 160100785 300021130904+ ¢1 00 e 100t; t Mergenthaler Linotype—-1 at 156, I at 1684 Petomac Electric deb. 6s—3$500 at 99%. Money—Call loans, 5 and 6 per cent. BONDS. Bid and Asked Prices. BId. 8t 4s. 43 ‘Anacostia & Potomac guar. O. & P. Tel. b C. & P. Telephone Capital Traction R. R. City & Suburban 5, % Georgetown Gas 1 3 tropolitan R. R. Potomac Elec, 1st Potomac Elec. Potomac Elee. Potomac Elec. Pot. Elec. Pow. g. m. Alex. & Mt. Vernon ‘Alex. & Mt. Vernon cf " & Aunap. Os. Wash. Wash. Rwy. and Elec. MISCELLANEOUS, Paper Mfg. Gs. Realty Gs (long). cording to the report of the apprais-|w «rs, which was rendered to the United States district court. STOCK MAY BE SOLD. PHILADELPHIA, October 2., final decree dismissing the gbjection: of Isaac T. and Mary T. W. Starr, minority stockholders. of the Centra Railroad of New Jersey, to the sale of the stock of the Lehigh and Wilkes-Barre Coal Company. to the ' Jackson E. Reynolds Syndicate of vew York has been filed by the! United States district court. The .decree is based on the recent decision of the court that it would not set aside the sale because the evidence had showed it was made in xood falth and in conformiry with the United States Supreme Court de- cree for the dissolution of the Read- ing and its associated companies. Sixty days are allowed for the filing ©of an appeal, “L” CASE CONTINUED. ° CHICAGO, October” 2.—Hearing of arguments in a suit for an injunc- tlon-and a receiver for the Chicago clevated railroads yesterday wascon- tinued until October 9, and at the =ame time it was announced that sale of $14,000,000 of the Chicago elevated raitroads trust certificates In New York had been postponed. 100 PER CENT STOCK MELON. CHICAGO, October 2.—-A stock div- idend of 100, per cent was approved vesterday by the directors of the Chi- cago Yellow Cab Company, payable on or before January 1 next, It was decided to maintain on the increased issue the Present dividend rate of 331-3 cents & ahare monthly. T stock ol yeeters a; & new recor: ut dropped back to.116%.. . - - - . . Bteamboat. 210 Wash., Rwy. & Elec. com..o..." 63 Wash, Rwy. & Elec. pfd. Terminal Taxt com.. 1 NATIONAL BANKS. ‘apital .. iumbia Commercial District Farmers Federal-American BESERESERLLR TRUST COMPANY. American Security & Trus! Cofl!lil:h:'ll ;flllk . ! Ban Natfonal Savings & Tri Union Tryst. ‘Washington i slisi: FIRE INSURANCE, ' bia Title....... a1 Estate Titic. Columbia Graphophone com. Columbia D. C. Pa m:gnam PL Linotype. B 1% 2 Homestake Ext. 1 160 Independ Lead 1 Jerome V Deve 1 Kerr Lake - 20 Lone Siar . 30 Marsh Mines . ational Tin . J Zinc.... ixon Nevada 2 Oblo Cop . als Prod 20 Red Hill Flore 40 Rex Cons 0 Spearhead G 4 Success Mines ... 50 Buth'and_dev mines .1 35 Teck Hughes ..... 1 Tonopah Extens ... 320 Silver Horn Mine. .. 11 United Eastern ... 1 Un Verde Ext ... 10U 8 Uont new w i ¢ Wenden Copper ... 10 White 1 Yukon FORD ANNOUNCES CUT IN PRICE OF AUTOS Reports Heard That Car King May Also Bring About 16- | . Cent Gasoline. DETROIT, October 2—Reduction of $40 in the price of the Ford four-door sedan and reductions in the prices of the runabout, touring car, coupe, chassis and one-ton truck are an- |nouncea by Edsel B. Ford, president of the Mator Car Compa: The price reductions are as follow: | Runabout, $4; with starter and de- I mountable rims, $14. Touring car, $3 with starter and demountable rim {$14. Coupe, $5. Four-door sedan, $40. Chassis, $5. One-ton truck, $10. Thé price of the Fordson tractor is, increased $25. No change is made in the prices of Lincoln cars and none is contemplated. Hints of 16-Cent Gasoltne. NEW YORK, October 2.—Wall street hears that Henry Ford expects to revolutionize not only the automoblle business, but also the oil industry. We)l informed men, who watch Ford's movements closely, understand that he s negotiating for big oil proper- tles, planning to produce crude oil in huge quantities, refine this into gaso- {line and_sell it to Ford car drivers only, at 16 cents a gallon. Thus,- it is assumed, the manufac- turer will make his dream of a 10,000~ automobile production per day come true, It Is suggested also that the Ford plan of a “$250 car for every man” will become a fact. Wall -street financiers say that the general scheme is not only logical, but economically sound. In the financial district, it is said, gasoline selling in New York at 23 cents retail is produced at around 10 cents. Assuming this to be true, Henry Ford, with his own oil wells, could sell gasoline at 16 cents and yet make a substantial profit, it is ar- gued. Ford “gas’ stations, it fs sald, would ‘cut down much of the profit of stations now operating. NEW YORK DAIRY PRICES. NEW YORK, October 2—Butter firm; receipts, 11,143 packages. Eggs—Irregular; receipts, 25,794 Fresh gathered, extra firsts, 40a44; do. firsts, 35a39; do., second and poorer, 28a34; nearby hennery whites, locally selected, extras, 63a 64; state, nearby and nearby western hennery whites, fi to extras, 47a 62; nearby henmery browns, extras, 49a55; Pacific coast whit extras, b4a57%; dq, firsts to extra firsts, 283,095 recelpts, PARIS BOURSE ACTIVE. ° PARIS, October 2.-~Trading was active on the bourse today. Three per cent rentes, 56 francs 75 centimes. Exchange on London, 76 francs 55 centimes. Five per cent loan, 74 francs 90 centimes, The dollar was quoted at 16 franes 77 times. FAVORS COL. STEESE, Recommendation has been made.to Secretary Work by Dan A. Suther- land, from Alaska, that Col. James G, Steese, who has been acting as head of the Alaskan railroad, be re- tained in the management under Lee H. Lendis of San Francisco, recently nppg.lnted general manager of the roa . —— ‘WOULD ABANDON LINE. Firm Did Not Pay Dollar in income Tax in 1122. MEMPHIS, Tenn., October 2.—C. D. Smith, president of the Piggly Wig- gly Corporation, testifying yesterday at the hearing of a petition for a recelver for the corporation, insti tuted by Clarence Saunders, former Piggly-Wiggly executive, but which the corporation s contesting, de- glared that the concern made a net profit -of $216,983 during the first elght months of 1923, but that during 1922, Mr. Smith said, the corporation did not make enough money to pay a single dollar in income tax. R. L. Jordan, a director and for- merly a member of the executive committee of the corporation, testi- fled that he understood Mr. Saunders was acting as an individual in the Wall_street operations last spring. Mr. Jordan said he was present at the meeting when Saunders claims {the executive committee gave him authority to act as the agent of the corporation in an effort to stem the alleged bear raid on Piggly Wiggly stock. The* witness further testified that in the spring of 1922 Mr. Saunders, as president of the corporation, was au- thorized to act for the corporation when 50,000 shares of class “A" stock was Issued and it was “considered necessary to steady the market.” Saunders is expected to complete his case against the corporation to- day. WALL STREET BRIEFS. Loaning Change—City Bonds in Better Demand. NEW YORK, October 2. —The re- cent reaction of several specialties on the New York Stock Exchange 1s attributed to the reported revision downward by banks of the loaning Values 9,761,817 b: low: Mississinpt Louisiana Texas Arkansas . Tennessee Missouri Oklu Calif Arizona Al other siw 2 25 totaled bales to bureau an; numbered 1,660 last with 1,084 Finning: 880 bal turns. Ginnings cast Agricultura American American Ice Int. Paper p Int._Paper § Uhion United Octpber 8— value of certain stocks. Bond dealers report an increased demand for state and municipal issues, although bankers continue to withhold bids on issues bearing a low coupon, particularly when leggl requirements specify the bonds must be sold at par or above. Numerous small municipal issues are being ad- verticed with coupons ranging from 4% to 5 per cent. Dissolution of practically the last underwriting dicates "of listed bonds, thus placing those 'issues on their own feet, has brought consider- able relief to investMent bankers and bond dealers. Maintenance of a “pegged” price hae held a shadow over the market, they state, and tend- ed to restrict activity of those issues. The Brooklyn Rapid Transit under. writing syndicate will be terminated October It is understood 82 per cent of the stockholders have paid their assessments and received the ‘new securities, and that the balance has been placed privately and syndi- cate subscribers relleved of liability. Present earnings of the Hudson Motor Car Company are running at the rate of nearly $7.50 a share, ac- cording to an official announcement by the company, Sales for the current year, it is estimated, will total ap- proximately $93,000,000, as compared with $68,000,000 in 1922 STATES GET SPECIAL FUNDS. Colorado receives $116,241, South Dakota $24,799, and Nebraska $4,- 329, as their oné-fourth share of the last fiscal year's receipts from timber sales, grazing permits, and other uses of national forest lands in those states. the state governors today of these amounts, whigh_-must be used for Spalding, A. Vulcan Det. Valcan Det, Condition Given by States. The condition on September 25 and forecast of production by states fol- Ginning Report Also Out. Cotton ginned prior to September 111,038 round bales, 3,866,396 bales, including 76,958 round 2,920,392 bales, Including 70,263 round bales, to that date in 1921, the census | ‘American-Egyptian cotton included | cluded numberéd 23 bales, compared are 29.2 per cent of the crop as fore- today Delaware, Lackawanna & Western, g N. Y. Alr Brake. 0. ag & Paper, § neral Motors pf. General Motors General Motors TU. 8. Smeiters pf October 9— ales. Condition, er cent. . 83 64 Forecast, FRANK 85th Issue of Stock Being Recetved Shares, $2.50 Per Month _ EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, Realtors 5 15th St. at K St. NNW. Phone Main 4600 Presideat P. REESIDE, Seey. g 84 3,215,394 bales, including compared with that date last year and nounced today. 3.6 y ales, compafed with r, and Sea Island in- last_year. to September 1 were 1,- es, according to revised re- First Have you to September 25 this year by the Department of e. Can you |RQ of. a. tamped. £ B 355 6., q.. of., a. Al'a 'COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY CHASKA, fining of t hag been* commenced here. Minnesota Minn., October 2.—Re- he 1923 crop of sugar beets The 1923 crop, it is estimated, is 25 per cent larger than last years output an 100 days schedule. than 20,00 be turned NEW O d mills here will operate on a twenty-four-hour It is expected that more 0,000 pounds of sugar will out. RLEANS, October 2.—New business of the Southern Pine Asso- ciation fo! per cent while shi, cent. r last week increased 7.3 over the previous week, pments advanced 5.5 per HOUSTON, October 2.—Exports of cotton from this port during Sep- tember amounted to 193,651 bales, a new record. since Augu PITTSBURGH, October 2—The au- Total cotton exported 1 was 260,771 bales, tomobile show here last week has | stimulatéd sales and dealers report a brisk business in new cars, espe: cially those of the better grade. BOSTON, October provement’ .—District im- is shown in jewelry sale: Secretary Wallace notified | aocording to New England manufac- turers. Some lines have shown in- creases of over 30 per cent. For the school and road purposes in the coun- | first time in four years the jewelry ties containing lands. the national forest! industry ranks - first among ’ showing Improvement since July 1. those ON FIRST MORTGAGES Authority to abandon operations.on | & ‘thirteen-mile branch line between Clough _Junction ~and Marysville, Mont., was_sought today from the Interstate Commerce Commission by the Northern Pacific Company. Opera- tion of the branch is resulting in the loss of about $25,000 annually, the, etition asser: Iation u'“fr’vn lequately or 1ines. d all of " P iy 1t can be serbed| Taliroad Tines. {LOANS —om household furniture pegotiated in 24 hiours at 8 per cent interesf BENEFICIAL BUILDING AND “When” You Buy a Properly Placed Bave over other marketed securities? notes where you are absolutely secured against loss of receive your income on the date due? Notes now on hand fa_smounts of $100 Up to $5,000 “GHAS.D. SAGER 924 14th St. N.W. Financial Independence is the goal that every man and woman would like to reach and that very few at- tain. From its savings windows the Union Trust Company has observed that those who make their way in life most rapidly are always the ones who have learned the value of systematic thrift in childhood and have carried it through into business life. This bank is helping thousands of people to independence. One dollar will open an acccount and give us opportunity to work with you. 29 Paid on Checking and 3% on Savings Accounts $50 to $100 L & LOAN ASSN. 7% Mortgage Note thought what advantage you fnvest other than in mortgage rincipal or interest snd jo- investment fleld has such actory record been made. many others dealing oast of the en- of a TRUST CO. OF THE OF COLUMBIA soao EDWARD J. STELLWAGEN 0'Donsent, | PRESIDENT You don’t have to wait until you have accumulated thou- sands of dollars before you can start clipping coupons. Start NOW clipping cou- pons from hundred dollar bonds and in the course of a few years you will be able to clip coupons from thou- sand dollar bonds. Oir popular Investment Savings Plan offers you an opportunity to save and in- vest TEN DOLLARS a - month or more in' Safe- guarded First Mortgtge Coupon Bonds paying 6Y4% and 7%. < ksl Oxr new booklet—"How (o Bulld an Inde- pendent Income”—tells the story, Get YOUR cosy. todey. Call, Write or Phone— Main 6464, ke FH.SMITH COMPANY ' C Stunded 1890 S SMITH BUILDING ‘fllmfl'fl _— NO LOSS TO ANY INVESTOR IN 50 YEARS