Evening Star Newspaper, October 8, 1923, Page 21

{ SHORTAGE IN CARS; FRUIT S SPOILING Paoking Houses Unable to Get |ours market = Supplies From Fields and . "Orchards in West. BY J. C. ROYLE, Special Dispatch to The Star. NEW YORK, October 8.—Delayed shipments of grain and some other commodities, rather than exceptional- 1y heavy =alpments, are causing a slight shortage of rallroad cars in some sections of the country. The soaring prices of grain last week seem to have checked rather than Increased the movement of wheat and corn to market. Grain receipts at primary markets are almost one-third less than last year at this time and nearly 20 per cent below the five-year av- erage, With Eugene Meyer, ir., and Frank W. Mondell representing President Coolidge in active conference on the grain situation in Chicago, the feel- ing that government aid to the farmer in_ some .form was imminent Zrew stronger and was intensified by ‘the growing belief that adequate funds would be forthcoming at least to the co-operative associutions for orderly marketing of the 1923 crops. Higher Prices Awaited. These factors have played a part in the evident intention of some grain growers to hold for higher prices. But the carriers know that later the great bulk of the wheat and corn crops must be moved and they are holding almost as many readiness for this contingenc the shipments were fully up to five-year average. Corn cutting is under way large part of the belt with pric the highest point since Timely and advantageous mark; of the three billion bushels crop, relt, will go far toward counteract- ing any curtailment of buying power among the agriculturists of the coun- try as a whole, ¥all Fruit Spolling. As o result of the car shortage, however, fruit packing houses in many sections of the San Joaquin and Sacramento Valleys in California are working only part time. In some localities the shortage is so acute that fruit is spoiling. In other s tions warning was given by the rai roads and fruit was allowed to T main unpicked until cars were avail- able. Southern Pacific and Sauta Fe railroad officlals eald today they could not tell how long the shortage would continue- but that all possible efforts were being made to secure re- turn of cars from eastern points to California. Other Frelght Delnyed. Dealers in furniturc here are de- clining to promise immediate deliver- fes to customers. This tendency ex- tends even to department stores with furniture departments. Furniture men in Grand Rapids and other manufac- turing centers, say that if there are delays in deliveries to eastern points they are caused by embargoeg estab- lished on some roads to give Tght of way to farm products and fruit. The Urgent call for furniture in the larger Cities is_attributed to the October 1 fnoving day. Housewives moving into hew quarters, dealers declare, be- Come dissatisfied with the way thelr oid furniture fits into new surround- ings. They are reported to be buying el trend does mot extend to pur- chases of washing machines and simi- lar household goods with copper parts, according to_the copper mills. There has been a slackening of demand for such goods in the last month and con- per fabricators attribute it to the fact That householders are conserving thelr.money for furniture and ‘winter fuel purchases. Textile Men Seek Way Out. No matter what policy as to pro- duction 1s adopted as a result of the conference today of cotton textile mranufacturers at Fall River, consoll- Gatlons of a number of mills engaged in making similar lines of goods are antlcipated. Plans for cutting down overhead expense and advantageous urchasing of raw materials have Pien discussed since the_interests in- volved in the American Woolen Com- pany took over operation and man- Bgement of a number of cotton cloth plants and it is expected that the Present acute situation will bring Fome of these tentative arrangements a head. ot He Tumored that the Amoskeag Company, which closed down its cot- ton plants Saturday, plans to change over its plants to other lines of pro- duction, perhaps adapting them to the manufacture of silk, but these reports have not been confirmed. In order to be prepared to comply with all demands upon it to handle either raw or_finished materials this inter, the New York, New Haven 2nd Hartford road will'put in opera- tions twenty-six new steam and elec- $ric locomotives before snow flies. (Copyright, 1923.) NET INCOME GAINS. . American Smelting and Refining Company Has Big Six Months. NEW YORK, October 8.—A state- ment of the consolidated income ac- count of the American Smelting and Refining Company and {ts subsidiar- jes for the first six months of 1923 showing net income of $56,096,045.58 has been forwarded to stockholders i by President Simon Guggenheim. The net income for the six months was an Increase of $3,270,122.29 over the corresponding meriod last year. “As the preferred stock dividends for each six months to $1,750,000,” Mr. Guggenheim stated, “there was Jeft available for dividends upon the common stock $3,346,045.58, an earn- ing for the period of $5.48, or at the rate of nearly $11 per annum for share of common stock.” TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) m——N0OD.——— Ria. 100 100 882 100 11-16 100 18-16 100 11-16 100 13.16 . 100 100 3-82 0% " 99 S0%5s2 06 tran 100182 100 5-82 99 132 99 5-82 8 (Quotations furnished by Redmond & Co.) —Noon.— B, 102 105! 98! }M i 102 Alyminum Co. of Amer, 7s 1925, ‘Aluminum Co, of Amer. 7s 1983, American Cotton Ofl 68 1924. “Amet Bugar Ge 1937. ‘American Tel. & Tel. 68 naconda Copper 8 1929, Angio-American Oll Tis 1925. Canadian Northern Sigs 1924.. Gentral Argentine Rwy: 0 1027. Oontral Leather, 68 1925, Obl., B. I & Pacific 5 Chicago Tel. Gs 1023, Du_Pont 748 1981. Federal Sugar Ref. Ga 1988.. Fisher Body Corp.’ 6s 1927. iy ] Great Nortbern s 1936, Hocking Valley 6s 1924. Humble Ol 5%s 1082. Kansas City Term, Kennecott Copper 7s 1930, h ., 8t. P. & 8, 8. Morris & Co. Tis 1 Penna. B. R. Ts Dej Dlgs 1928, Bt Paul Union Depot s 1923 B .&]&f Calif. bs 19825, \hmml,:&"“ g2 §§§z§aa§§§s=sisssss §3558 | Reading coal rights and ‘advance of| FINANCIAL, NEW YORK CURB MARKET- ~- Recelved by Private Wire BY WILLIAM ¥, HEFFERNAN. NE WYORK, October 8.—Uncertain Price movements were ‘the rule hroughout todsy's trading on the I ¥or a time the oils were in supply, but they were well taken on the re- actlon and subsequently regalned the slight losses of the morning.. Prairie Ol} and Gas, which had advanced 14% points last week, was an exception to the general movement and came off | G to 166, The early decline in the act - vorites, such as sm“d‘n‘ncl'lv?“ffl' ana and New York, was conflned to a half point. Magnolia was about the only other Standard oil to do any- 'il"fllnl’.nlu‘!:nleldrq:ownr.olhfl' 5 points to 4 , ho the improvement. ¢ (0. Totain all An incldent was the demand for two points between coal ~stock. sympathy 3 sales in Reading The movement was in with higher oprices for \NEW YORK, October 8.—Fol o an oftilal list o ends and. e n on the York -1 Eaced tuid ew York Curb Mar. ! Sales in 1 thousands. i Allled Packe: um 73 ne Am Roll Mills 6 Am T & T 6y 2 Anaconda 6 . Anglo o Ar & . Reth Can’ Nat Ry 5C RT& Pac BONDS, High, s, Tow, 2:16. 19 100y | 9814 ot 100 1014, | 10 i 100, 101 Dunlop T & R Federal Sugar 6 Fisher Body s It Direct to The Star Ofice Reading on the stock-exchange. Congoleum advanced to & new high for the year at 130 following reports that the company had applied to list the common stock on the big board Some time ago Congoleum directors declared a stock dividend of 140 per cent, increasing the outstanding com- mon’ from 100,000 to 240,000.shares. Other industrials moved irregularly. The new Kresge Department Staze stocks changed hands at 36, where it was down a fraction from the top. led to reflect the substantial in- cerase in gross sales reported for the last quarter. The demand for National Supply and Universal Pipe common appeared to have spent itself. The former, after opening almost a point higher, came back to where it had closed Saturday. Homestake Mining attracted atten- tion when it broke from 1% to .i5. But the greater part of the loss was subsequently retraced. Goldfield Is- ‘sues were practically unchanged. It was reported that arrangements have been made.for comprehensive devel- opments on the Red Hill Florence lease. 8 Chie Nip new w i 87y 37 % Congoleum Co new 180 Curt Aero cfs dep 9% Dubilier C & Radio 104, Durant Motor Du Pont Motors Ford Motor Co Can Gillette 'S R Glen Alden Gleasonite Corp Gold Dust Corp. ar'm Cor ew W 1 t West Su_new Hudson 873 B0 1 i 2 ! 3 1 i Int Conerete Ind Kresge D 8. Muzsing Inc W 1. Sup Co_of i Y. Telep Co pfa N Y Transportution Park & Tiitord. o Corp . Radio Coip ptd.. Read Coal rts w i Reading Coal w § Rosenb Grain Cot Bhelton Looms 2o wE B ooy e Fisher Body 6s Grand Trunk 6 @ Kennecott Cop 7 Maracaibo 01l T 5 Morrls & Co 7% Orl Pu_Serv Ohlo Power s B. T o Switt & Cota: Tidal Osage 7 nion Pac 5s w i. ted 011 Prod 8s. Vacuum Oil Ts. FOREI of Nether 0s.. o Govt fs. 1 oxt 648 5 Russian 6158 2 Swiss Govt Blgs. 43 Swiss Govt 10 U 8 of Mexico . Sales STANDARD OIL ISSUES. in units. 300 Anglo-Am 01l 14% 100 Atiantie Lobos 25 130 Ruckeye P L ...\, #0 2 Ereks P L. i 100 145 F14 s rins 135 168 257 Magnolia Pet . Proirie Oln & Gus. Penn Mex Fuel 11600 100 S 1200 Ly 4100 Vacuum Ofl Sales 615 200 180 new. new. 20 Engineers Pet 5 Glen Rock Ofl . 2 Guif Oil of P: 10 Tance Creek 10 Marland 3 Mex O 1 Mex Panuco. 4 Mount. Prod. 15 Mutual 01l i Natl Fuel 8 Penn Beaver 1 Pennock Oil. 23 Royal Canad O & R. 5 Ryan Con. 2 Balt Creek Prod. 83 South States Ofl. 1 Turman Ofl. © Wiicox Ol sad Ga INDUSTRIALS. 4 Acme Coal new. 14 Bkiyn City R It 5 Buddy Buds . 3 Cent Teres 1 Centrifug Iron Ptm = - Was:hington Stock Exchange. BALES. (Fotomec Electrle cons. 5e—1,000 at 97, 1 af ‘Washington Gas Light—10 at 49. Mergenthaler Linotype—3 at 15, AFTER CALL. Capltal Traction Co.—3 at 100%. 1 at 100%. Potomac_Electric cons. 5s—1.000 at 97. Washington Rwy. & Elec. pfd.—10 at 71, 30 at 71,10 at 71, 10 at 71 Capital Traction 'Co. Gs—1,000 at 94. Washington Gas Light—3 at 49 Wathington G t ‘Washington Mergenthaler Morey—Call loans, & per cent. BONDS. Bid and Asked Prices. Bia. Asked. American el & Telga. 4 American Tel. & Telga. 4 Am. Tel. & Tel. ctl. tr. Am. Tel. & Tel. conv. ge. Auscostia and Potom! ‘Anacostis & Potomac guar. C & E LN C. & P, Capital Traction R. B. s, City and Suburban Georgetown Gas st Ba. Metropolitan R. R. Bs. Potomac Electric Ist Potomac Elec. cohs. 5s. Potomac Elec. deb. 6s. Potomac Electric 8s 195 Pot. Elec. Pow. £ m. & T Al t. Vernon B ‘Alex, & Mt. Vernon ctf. ‘Wash., Balt. & Aonap. Gs.. ‘Washington Gas Gt xEEERe88Y roige i it B S0 C & 1 new. Stude Wul Rub C; Tobaceo Prod Expo Unl Pft Shar ne: Retail Cand; ne Coal . ¥ C 1st pf MI Arizona Globe Cop. Boston Mont Corp. Uni w i 2 Canario_Copper . ndelaria M Cortez Silver . Crown Min Con: Dolores Esper Fortuna Mines 1] Goldfield Develop. . . foldfield Deep ia 1l Top N Hecla Mine Independence 2 Kerr Lake Love Star Mason Val 0 National Tin op. ew_Jersey Zin N Y Forcupine Nixon N Premier Ge Ray Hercules Inc Metal Prod ....... Red Hill Florence. 10 Bilv Mns of Amer. 5 80 Am Gold & P. 500 Sutherland (dev 1 Teck Hughes 0 Silver Horn 20 Tono Jim Butle: 19 Tuolumne ... 1 United Eastern 2 United Verde Ext. 10 U'S Contin new w 1 12 Wenden Copper . B0 West Utah 40 White Caps . BIG SALE OF FURS OPENS IN ST. LOUIS 888 Blue Fox Pelts Among Skins on Market—About 200 Buyers Present. s . By the Associated Press. ST. LOUIS, Mo., October 8.—Approx. imately 200 buyers from all parts of the world were here today for the opening of the combined sales of the Fouke Fur Company and the Fur Mer- chants’ Sales Company, in which more than 1,000,000 pelts are offered, ranging in size from mole to pony and in qual- ity from the humble house cat to the cholcest sable. The sales are expect- ed to bring $2,400,000, and include the offering of 15,000 Alaska sealskins and 888 blue fox peits for the account of the United States goverment. The sales continue three days. FREIGHT TRAFFIC MAKES VERY BIG GAINS IN WEEK Speclal Dispatch to The Star. DETROIT, October 8§.—Trafilc on the Pere Marquette road in the Detroit district for the last week in Septem- ber showed gains of 52 per cent in inbound and 8 per cent in outbound shipments compared with last year. In Grand Rapids territory inbound frolght increased 34 per cent and out- bound trafic 8 per cent. There has been a heavy movement of motor trucks from Alma, Mich, .and a big increase in chemicals shipped from Midland. GOOD APPLE DEMAND. Sized Greenings Bought Freely in New York. Special Dispatch to The Star. NEW YORK, October 8.—There was an active demand today for large-size greening apples and twenty-ounce and fancy, well colored McIntosh. Most other varieties dragged unless Large 2% ington Gas 6s. Wash, fwy. & Elec. d. Wash. Bwy. and Elec. g. m. 'MISCELLANEOUS, ¥ ?&::&m-n Park Hotel 6s... STOCKS. 828322 8 EATION.AL BANKS., rmers Federai-American Columbia Title.. Real Petate Titie. MISOELLANEOUS. Columbla G com. mcau otd... RierSimnter Transtor & Btarage.. 100" dich Market com. = 814 Diten Market prd lnm; Monotype . o oeton Sa Yellow Cab.. *Ex gividoad. 169% 3 % ! stock was exceptionally good. The receipts were liberal from New York and other states. Several carloads of A grade, 3-inch, 20-ounce sold at $6 to $6.50 per barrel, while 2% and 3 ing Greenings brought, $7.60 to $8. McIntosh apples realized from 37 to $8 for 2%-inch stock. - The market for western New York Elberta peaches was rather dull and slightly weaker, owing to increased supplies and comparatively limited demand. Sales ranged from $2 to $3, mostly $2.26 to $2.75 per bushel bas- ket for No. 1 stock. s DISCOUNT RATE RAISES. BERLIN, October §8.—The reichs- bank today raised its discount rate, far as paper mark loans are con- cerned, to- 108 per cent. The rate Tas sét at 90 per cent on Septem- er 15. BAR SILVER RATES. LONDON, October 8.—Bar silver, 313% pence per ounce; momey, 2% per cent. Discount rates, short bills, :15;:‘ per cent; six-month bills, NEW YORK, October 8.—Bar sil- ver, 631. Mexican dollars, 48%. VISIBLE GRAIN SUPPLY. NEW YORK, October 8.—The visible supply of Amérioan grains shows the following changes: Wheat increased 411,000 bushels, Corn decreased 490,- Oats_unchanged. Rye in. creased 113,000 bushels. Barley in- creased 264,000 bushels. TODAY’S EGG PRICES: NEW YORK, October 8.—Eggs, irregular; receipts, 5932 cases; fresh gathered, extra firsts, 40a 44; do,, firsts, §5a39; do., seconds and poorer, 28a34; New Jersey hennery whites locally selected extras, 68a7( nearby hennery-locally selected ex- tras, 66a68; state nearby and nearby ;::tem hennery 'hl;:l flnl'h!x:-'c:;' 3 inery extras, 49a55; coast whites, ex: tras. 59a61; do. firsts to extra 45a68;- refrigerator firsts, 31a32 PLASTERERS MAY GET S20PER DAY Payment of Bonuses to Rush Buildings in Chicago Is Forecast. Spectal Dispateh to The Star. / CHICAGO, October 8.—Earnings of $20 a day for plasterers, as a result of payment of bonuses for rush work on large construction projects, 18 forecast here. Two of the larger structures involved are the Illinois Trust and Savings Bank and the Wrigley Twin buildings. - The con- tractors are straining every effort to have the new edifices ready for oc- cupancy May 1 next, James A. Pa ten said today that the willingn of these contractors to pay bonui would ralse the emolument of plas- terers to. $20 unless.an agreement climinating the bonus was reached with other contractors. FINANCIAL FIRMS STIRRED BY SECURITIES LAWS Speclal Dispatch to The Star. PHILADELPHIA, October 8. — Officers charged with enforcement of the new blue sky law, aftecting deal- ings in securitles, are meeting simi- lar opposition. About 400 firms and individuals have been ordered to dis- continue their activities because of failure to obtain certificates giving them authority to do business.. One of the oldest and besty known private banking houses, which has New Yotk connections, has refused to comply with the provisions of the law, maintaining that it is unconstitu- tional. Strong opposition both in Pennsylvania and in adjoining states continues to be expressed ggainst the law placing a tax on anthracite ship- ments. NEW-EFFORTS TO UN|0NIZE) SOUTHERN TEXTILE MILLS, Special Dispatch to The Star. ATLANTA, October §—It is felt here that efforts by union leaders to unionize the workers of the textile mills of the south will be far harder than in New England. It is be- lieved that welfare work, community interests work of schools and churches and the fact that textile labor here is almost entirely of Anglo-Saxon origin have built up a situation which union organizers will have aif- | fleulty In overcoming. Previous e forts to organize the workers have failed, but it is recognized the situa- tion has taken on a different aspect since the American Federation of Labor convention at Portland placed all organized labor behind the move- ment. HEAVY SHIP SAILINGS FROM PORTS IN SOUTH Special Dispatch to The Star. SAVANNAH, Ga., October §—The foreign freight department of the Southern railway announces “that there have been 586 sailings to for- eign countries in the last month from South Atlantic and gulf ports, includ- ing New Orleans, Mobile, Jacksonville, Brunswick, Charleston, Norfolk and Savannah. Of these 182 vessels went to continental Europe, 93 to Cuba, 75 to Great Britain, 62 to_the orient, 39 to South America and 33 to the West Indies, outside of Cuba. COMMODITY NEWS ' WIRED STAR FROM / ENTIRE COUNTRY AKRON, Ohfo, October 8.~The B. F. Goodrich Company has started pro- duction here of the Brunswick tires for the Brumswick Balke Callender Companyw which formerly were made in Muskegon, Mich. This order re- quires an output of 2,000 tires a day. DETROIT, October 8. artment of agriculture h: {shed standard grades for Michigan potatoes. Five grades, ranging from fancy to culls, are defined, and pack ing and tagging, according to the specifications, are required, Only & slight _deviation from the mew stand- ards will be permitted. | PITTSBURGH, October §.—Pennsy vania crude oll remains at a low price level and there has been a decided slackening in fleld development work in consequence. BOSTON, October 8.—Jewelry for women is in the strongest demand among New England manufacturers. The improvement has been specially | noted in earrings, fancy bracelets and vanity noveltie: HARRISBURG, Pa., October 8. —Gin- seng growers in the vicinity of Reeds- | ville already have shipped $20,000! worth of reots this season and the! amount obtained from seed- shipments will return an equal amount. HOLYOKE, Mass., October 8.—The appointment’ of a 'receiver for the American Writing Paper Company is indirectly. attributed by paper men here to the recent strike at the com- pany’s plants In Holyoke, when paper i makers walked out in sympathy with striking stationary firemen. This ac tion is said to have impalired output, although some orders were distrib. lpl:endythrou‘h other plants of the com- RAW SILK RUSHED FROM THE FAR EAST ! | China Hastens Shipments as Result of Temporary Ces- i sation From Japan. Special Dispatch to The Star. SEATTLE, October 8.—Chinese ship- ment of raw silk In bales is reported to hate increased 100 per cent as a result of the temporary cessation of eilk shipments from Japan. The 9,000 bales on the Admiral Oriental liner President Madison, valued at $4,500,- 000, & considerable portion of which comes from China, will be rushed east at once. A Japanese liner will arrive October 20 with a $1,000,000 shipment of Japanese raw silk. EXPORTS OF GRAIN DROP DURING WEEK Less Barley, Corn, Oats and Wheat | | Shipped—More Rye and - Flour. Grain exports from the United States last week amounted to 3,014,000 bushels, compared with 3,535,000 OIL THEN AND NOW. in Production Run Into Enormous Figures. M NEW YORK, October 8.—The Com- mercial and Financial World says: . In 1859 the total crude oil' produced in the United States did mot exceed 2,000 barrels. By 1869 production had increased to 4,000,000 barrels per an- num—less than three days' production today. . Today we consume about 1,000,800 barrels of crude per day, with only about five months’ supply in storage: Tn 1882 we exported $44,623,000 of { petroleum - products. In 1922 this jumped to $330,900,000. (2 In 1882 the entire capital in the pe; troleum Industry was $114,000,000. ToZ day it is about $8,000,000,000—an average increase per year of $197.- 150,000. . In 1882 1t cést about $3,400 to drill a weil. Three thousand two hundr and sixty-eight wells were drilled in {that year. All but 179 were pro- ducers—only 5% % loss. 2 In 1922 24,642 new wells were drilled; 5,406 were dry holes—a 229 | loss. The average depth of the mod- ern well {s over 2,800 foet, against the 1,600 feet of the earlier, well; | BIG APPLE CROP SEEN. Oregon Fruit Also xe;urtod of Ex- cellent Quality. i L] Special Dispatch to The Star. .PORTLAND, Ore, October :§.— Ritchie, buyer for Bell & Co.. of Portland, reported today on his re- turn from apple-centers that the Hoox river and Mosler districts would hav tremendous crops of apples of excel-) lent quality. He reports that the crop of the Yakima and allled sec. tions will be far below previous asti- mates. “The Jonathans and Romies | there will be of small size,” he sald.} ST. LOUIS, October 8.—It is expect. ed that Missouri and Illinois will have apple crops only one-half the: usual size, but the shipments from Arkansas will show an increase over, last year. Gains NS HEAVY LOANS TO FARMERS ST. PAUL, October 8 (Special) Loans of the St. Paul Federal Land Bapk to northwestern farmers will aggregate $100,000,000 this week. They. totaled $99,351,000 October 1. BALDWIN BOOKED AHEAD. | PHILADELPHIA, October 8 (Spe- clal).—The Baldwin Locomotive Com- pany has orders on ite books totaling 61,000,000, or enough to keep the ;Il t busy until March 1, 1924. _ New York Stock Exchange; Chicago Stock Exchange New York Curb Market . | A‘usocimen | Wooley. bushels the week previous. Figures made public today by the | Commerce Department gave the fol- 16wing comparison between grain ex- ports last week and those of the pre- vious week: Barley, 20,000, against 524,000 bush- els; corn, 162,000, against 190,000 | bushels; oats, 38,000, against 49,000 bushels; rye, 154,000, against 45,000 bushels; wheat, 2,640,000, ugainet 2,- 727,000 bushels; flour, 393,000 barrels, against 291,600 barrels. Canadlan grain shipped from United Stages ports last week amounted to 134,000 bushels, against 13,000 bushels the week before. LARGEST RECORDS EVER i MADE IN INDUSTRY By the Associated Press. CLEVELAND, October 8.—Business continues‘on a sound basis, ucordmx{ to the monthly business review of the | Fourth Federal Reserve Bank, which, | in part, follows: g “As the basis for sound business is| the purchasing power of the people, and as the purchasing power is pro- | duced by a condition of general em- ployment, the following records which | have been established in industry during the last few months, as cited by Jullus H. Barnes, president of the Chamber of Commerce of the United States, furnish several good reasons for this practically undisturbed busi- | ness routine: . “Largest pig iron production. “Largest cotton consumption. “Largest steel ingot production. “Largest crude oil productfon. “Largest automobile and truck pro- duction, “Largest residential construction. “Largest production of locomotives. “Largest volume of mail order sales. | “Largest volume of retail sales. ) “Largest volume of carloadings. | “To this we might add that accord- irig _to_the September crop forecasts of the Department of Agriculture the 4 corn crop this yéar will be 185,074,000 | bushels above the 1922 estimate; the | oats crop will be 110,251,000 bushels higher, and there will be 1,026,000 more bales of cotton.” MARKET PLAN BOOMING. SHREVEPORT, La., October 8 (Spe- cial).—About 6,000 of the 75,000 bales | of cotton pledged for co-operative marketing this vear have been de. livered to the Louisiana Cotton Mar- keting Assoclation, according ta an- nouncement by Secretary-Manager | He added that assoclation notes, rather than cash, were de- | manded by the growers in most cases. | Growers have brought in their cot- ton, which 1is indication of their sound financial position. N. Y. Cotton Exchange Chicaigo Board ¢f Trade N. Y. Produce Exchangt Minneapolis Chamber of Commerce ‘'WASHINGTON OFFICE CALLAN' O’LAUGHLIN Manager 'hrchnlng Power of Dollar Now Last -week'’ cent; of pre-war sevel, the purchasing power of the doll war cents, Crumps’ | Irving Fi ports. First Mortgage Loans Lowest ‘Rates_of Interest and Commission. Thomas J. Fisher & Company, Inc. THE EVENING STAR, WASHINGTON, D. C, MONDAY, OCTOBER s, 1923. FISHER'S PRICE INDEX. | Money to Loan - Becured by first of sl estate. ’daa trlllfl',l.ll‘l and comm’ Joseph I. Weller 42 Wash. L. & 638-10 Pre-War Cents. Bldg.. 9th & ¥ N.W. FOR SALE Convenient Amounts at 61,9, interest ’ Secured on Improved Propertics JAMES F. SHEA 643 Louisiana Ave. N.W. Spectal Dispatch to The Star. NEW HAVEN, Conn, October §. prices averaged 157 per & 63 8-10 pre- dex number 147, sher, Yale economist, re- Grey horses, as. a rule, attain greater age than those of any other 1412 Eye St. N.W. In the Path of Washington’s Growth OUR First Mortgages owe their dou- ble security to the impregnable safety of Washington and our choice of valuable, improved property in the path of the city’s growth. Every loan secured by our First Mort- gage Notes holds a fifty to one hundred per cent margin of safety in the value of the property, and is arranged in short terms to permit periodical investigation. * Daily at 10 o’clock from Ra- dio Corporation of America, Station WRC, the latest quo-* tations will be broadcasted. Rates by private wire from New York. Special phone, Foreign Department, Mp 8222. The Washington Loan and Trust Company 900 F Street 620 17th Strest “When” You Buy a Properly Placed 7% First Mortgage Note Have you thought at advanta; you bhave over other marketed securities? Tou avest ‘other that: 1a. mortrage where you are absolutely secured against loss of principal or interegt and receive your income on the date due? No- where in the investment fleld has such a safe and satisfactory record been We, like many others dealing in Fh Mortgages, boast of the en- i record of mever a loss of a ngle penny in either principal or Tnteres Notes now on hand in_amounts of $100 Up to $5,000 Full_particulars apply Mr. O'Donnell. “CHAS.'D. SAGER These Notes are available in denomi- nations of $100 to $100,000, and may be purchased either for cash or through our plan of SYSTEM SAVING. Call or Write for Detailed Information Swartzell,Rheem & Hensey Co. 727 15th Street N.W. 54 Years Without Loss to an Investor Money to Loan ANY AMOUNT Reasor Charges on ‘Trade Acceptances, Warehouse Receipts, facturers’ Accou: Short-Term First Second Mortgages or Approved - Interal i3 G American Finance Corporation Commereinl National Bank Bldg. SERVICE and SAFETY National Mortgage & Investment Corporation 811 Vermont Avenue N.W. "Fisher & C Deals in the Best Real Estate Securities 738 15th Street e First and Second Trust Notes and Ware- ARNOLD AND COMPANY house Receipts are purchased at fa’s rates INCORPORATED. S ———— Capital, $1,000,000.00 Real Estate First Mortgage Investments 1416 Eye Street N.W. Phone Main 2434 EQUITABLE Co-Operative Building - Association Organized 1579 434, YEAR COMPLETED Surplus ...c..co0.....81,207,380 Save While You Have the Opportunity —make up your mind fo foln the nd save systematically. Subdeription for ¢ 85th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, FRANK P. REESIDE, Seey. Its 7% First-Mortgage Notes, SECURED by Improved District of Columbia Real Estate, Are a GOOD NVESTMENT. Offered in_denominations from $250.00 UP. Washington's Oldest National Bank “Where YouBank” —is of no small importance in the business world. Definite prestige is reflected in standing at such a bank as the Metro- politan, and practical advantage, as Weu. tes\llts {fom 'he excep- tional facilities we have ~de- veloped'in over a century of serv- ice fo the public. Organized in 1814 2&°We'N be pleased to have your account. Our Savings Dept. Pays 3% Compound Interest National Metropolitan Bank Capital, Surplus & Undivided Profits Over $1 ,700,000 15th St., Opposite U. S. Treasury—109 Years Old A Penny Saved Is T'wo-pence C]lear=fBenija Franklin Thrift is not a twentieth century invention but a habit practiced and taught by our forefathers, It is a tried and certain way to success. - 3% ON SAVINGS : /AMERIGAN SECURIT AND TRUST COMPANY o 15th -and Penna. Ave. Capital and Surplus, $5,400,000.00 BRANCHES Central: 7th and Mass. Ave, N.W. Northeast: - 8th and H Streets N.E. Southwest: 436 7th Street S.W. Northwest: '1140-15th Street N.W.