Evening Star Newspaper, October 15, 1923, Page 26

- 26 FINANCIAL. LABOR SITUATION MUCH CONFUSED Sufficient Workers Lacking in| | ‘otton Plckers Suficient. i i - ew able-bodied persons a idle Certain Sections of Coun- | e o e e uaunrins try—Others Idle. | the only idle men are those who have been employed at w |ing common. labor, special name and slightly higher pay, und who are unwilling to step down again into the ranks of the entirely unskilled. The ship vards are very quiet and no difficulty is found in securing an ample supply of skilled men, but locomotive works, automo- bile factories, car shops, paint fac- torfes, tool works and clothing plants are crew: | situation there is calmer than at any time since the war. Migration of ric appro=imat- | but carrying a|is noticeable in the Chicago territory. | other 1ines. operating steadily with (uu! collar workers unemployed in the C THE BEVENING | rials arrive from the orient. About | especially station, tower and tele- graph employes, A slight increase in unemployment There are more men out of work than there are jobs, taken ay a whole, but decided shortages are apparent in the steel mills, the building trades and Chicago is the center into which the migratory workers pour, and the number of these, it is believed, will be readily absorbed by calls from other sections. There is rather an Nlarming number, of white- { cago district. | | thousands of negroes handicapped the | southern farmers and curtailed cot- ton production, but the crop is | ing picked rapldly enough with labor that remained on the farms. ontinued construction in cities, {towns and rural communities is ab- sorbing all surplus labor as it is re- leased from the flelds. In the skilled trades there is a disposition to ad- just differences and many lines of industry have voluntarily increased wage scales recently. Industrial Bopm in South. ans section practically s working at or near The' list includes such large of labor as pine, ood mills, naval stores pro- iron foundries and steel nost pressing searcity .of t section is on the farms s due to migration of workers it the citles, whe steady work at wages higher the farm scale. Road work and build- ing ure furnishing employment to thousands at high wages. Big « have absorbed all surpl in Texas and this con- tion v ... continue BY J. C. ROYLE. Bpecial Dispateh to The Star. NEW YORK, October 15.—The ques- tion of unemployment, o pressing two vears ago., has been succeeded this vear by the question of employment, which is almost as pressin 1n ne Iy every section of the country there today for skilled and unskilled than there ap- plicants to fill them. The excep broadly speaking, are in the New Eng- land textile pla the oil fields, th tire factorivs and in the “white collar’ positions. are more jobs workers are ms, Shoe Industr; Employment land have underzone ment since Labor day, and closing down of the Amos mills was a s blaw. this I partly equalized by increased tions of other textile plants on different lines of goods. and steel foundries are busy, the ele trical industries fully empioyed and the shoe industry, as a whole, is using Picking Up. tions iy New Eng- mprove- while the ag cotion s been oper nzuged The iron labor | This cypress | [MOON MOTORS TO MAKE the | be- | |1ast week, computed in pre-war v; | ind, | wh they are finding | than | until after Jan- | Special Dispateh FISHER’S INDEX SHOWS RISE IN DOLLAR’S VALUE to The Star. NEW HAVEN, Conn., October 15.— The purchasing power of the dollar lue cents, increased .1 of 1 per cent over the previons week, prices were without change, accord- Prof. Irving Fisher's weekly which is compiled from the sule prices of more than 200 ing to commodities. per ce Last week's prices averaged t of pre-war level of the 10 pre-war cents. 157 The pur- dol was Crump's index ‘hasing power rumber was 146, day that the the, compared of from 25,000 CARS IN 1924 Special Dispate e Star. ST. LO®IS, October 15.—The Moon Motor Car Company announced to- 4 program calls for manufacture of 25000 cars, as with an estimated output 12,000 to 15000 this year. for the first elght months total- 72,260 in value, as compared while wholesale | MONDAY WALL STREET BRIEFS. New Bond Offerings—Only Poor Salesmen Dropped. NEW. YORK, October 15.—New of- ferings of bonds today included $47 000,000 ten to thirty year 4% per cent federal land bank bonds at par, and $6,000,000 first mortgage twenty-year 6 per cent gold bonds of the Pllisbury Flour Mills Company, at %5 to yield about 6.45 per cent. Wall street rumors that great num- bers of bond salesmen had lost their positions during the long period of slackness in the ifvestment market are only partially true, a canvass of banks discloses.” Bank heads state they have taken advantage of the slow business to “clean house —that is, re- place incompetent salesmen with men who can produce business, even in slack periods The General Electric Co celved orders totaling $65,483.549 the three months ending September 30, 1923, as compared with $58,914,620 in the corresponding period last year, Definite announcement is expecged shortly as to the success of efforts t American bankers to obtgin a sizab bond issue by the government of Jand. ~ The Finnish government never borrowed in the American ma; | ket and bankers are expecially anxious 10 obtain the business becaus derstood most of the proc loan would be spent in e it is made. STAR, WASHINGTON, SLOWDOWN GROWS -~ INTEXTILE MILLS Cotton Cloth, Denim, Flannel ! and Duck Output Cut Down in New England. By the Associated Press, BOSTON, October 15 —The Mas- sachusetts Cotton Mills of Lowell went on a three-day-a-week schedule today, giving further evidence of a | slowing down in the textile industry in New England. The mills manu- facture cotton cloth, denims, flannels and ducks, and the curtailment is at tributed to falling off in new bu ness. Some textile men are inclined to believe other mills will reduce pro- duction. The most apparent weakness is in ginghams, and the Amoskeag Company plans to diversify its output still more, producing handkerchiefs, curtain materials and imitation silks FARMERS HOLD COTTON FOR HIGHER PRICES Special Dispateh to The Star. ATLANTA, October 15.—The two weeks have demonstrated the old “dumping” process of selling | cotton Is a thing of the past. Con- mpany re- eds of the the country erable intere tors of the next month gquestion of While two dividends hav since th property segregated from the Lackawnnna Iroad, no r ular payments have been declared. TREASURY CERTIFICATES. (Quotations furuished by Redmond & Co.) ‘n _Alden Coal Company when it is understood the dividend will be last that | t s un- | tock traders are displaying consid- | tin the meeting of direc- ' OCTOBER "~ 15, INCREASE IS SHOWN IN GRAIN EXPORTS Department of Commerce Reports 4,875,000 Bushels as Total for Week. Grain exports from the United States last week amounted to 4,875,000 bush- els, against 3,014,000 exported the week before, Figures made public today by the Commerce Department gave tho fol- lowing comparisons between the grain exports last week and those of the previous week: Barley, 703,000 bushels, against 20,000 bushels! corn, 44,000, against 162,000; oats, 27,000, ‘against 38,000; wheat, 4.101,000, against 2,640,000; flour, 328,- 100 barrels, against 393,500 barrels. nadlan grain exported from Unit- |ed States ports last week amounted to 410,000 bushels, against 134,000 bush- the week before. APPLE DEMAND ACTIVE. Fancy Fruit Brings Good Prices in New York. Spectal Dispateh to The Star. NEW YORK, October 15.— Fancy well colored McIntosh and large- sized greening apples met a moder- ately active demand, while most other varieties were practically neg- lected, unless of extra fancy guality. A grade 2%-inch McIntosh sold from $7.50 to $9 per barrel, while green- | ings brought from $5 to $7. Miscel- | laneous varietleg ranged from 33 to FINANC 1AL NEW YORK CURB MARKET 7 Recelved by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK, October 15.—Interest in today’s curb dealings was monopo- lized by three or four individual stocks. The two leaders were the newly listed Park & Tilford shares and Standard Oil of Indiana. Around 29 Park & Tilford was up three points from where it had been selling toward the end of last week ‘and nearly four points from the pric at which it was brought out. Under the new organization put through in| August 100,000 shares, or half the authorized capital of the compan was sold through the Schulte inter- ests at the par of $25. It was part of the deal that the $1,500,000 bank loans should be liquidated and addi- tional money provided for more working capital. No information of an authoritative sort has come to hand regarding Park & Tilford carnings under the new regime. But today's upturn was set down as part of the general Direct to The Star Ofice | campaign going on In the chain-store | stocks, based upon the constant in= crease In the. business of these come panies. There was nothing new about the situation in Standard of Indiana. The stock simply has a broader markeg than most of the other curb oils, and consequently the natural one to lead in any general price fluctuation. At the high of the day the Indiana | shares were up nearly 2 points from | their low of last week. Other ofls like Standard | York and Humble Oil gained a half point or more. Large transactions occurred in_Gulf States Oil Refining around 6. Ther s0 much tivity in Prairie Oil and Gas tween 168 and 166. Reading rights were in some de- mand at a fractional advance. Now that the stockholders have approved the segregation trading in these rights will transferred to the stock excha Other coal | shares inactive. Glen Alden directors are expected to declare an other-dividend niext month of elther 1$1.50 or $2, but this is not likely to be for any stated period. of be- NEW YORK, October 15.—Following is_an official list of bonds and_stock: traded in on the New York Curb Mar ket today: thousands. 7s 1625 Am Cot 0il 6s Bumatra Tob 7345, Am Rolling Mills b3 95 Anaconda 6s ... Ar & Co. of Del 5k Asso_ Sim Hard 6iys AL G & WISS5s Beth Steel Ts '35, Cent Steel ... s SBonsa C & I new huicolor Tne w § § Distribut. . niv Pipe pfd w i, Warg Hat Mfg w | MINING. Arizona e s Canario_Copper Diride Bxte Emma_Silver.. Fortuna Mines. Goldfield Cons Goldleld Deep... ldfieid Florence... ldtield Id_ Zone. 10 per cent more hands than last Sep- tember. uary 1 i'he call from the farms taken all the idle miners, raflre hopmen and. surplus building me chanics as well as the men laid off in thepacking plants and in the oil in- dustry as a result of the curtailment of 1 ction. Farm workers are at a premium and farm wages are In creasii . weekly. T factories are running full time with the exception of the packing plant Shortage In Some Linex, wds for competent farm help e pouring Into employment bureaus St. Louis, especially for corn cut- rs and cotton pick In the build- ing industry in that section there is full empl for all artisans and with $4,000,884 for the corresponding months of last year. FORD SECURES OPTION ON LEAD ORE LANDS Special Dispateh to The Star. JOPLIN, October 1 | tor Company has taken an option on 9,000 acres of land containing lead $4.50. Quinces were in moderate from Western New York sections Small quinces were practically neg- lected, even at extremely low pric Sales ranged from $1.25 to $2 for No. 1 stock per bushel basket and from 75 cents to $1 for No. 2 Cities Service 7s (.. Cons Gas Balto Ts ‘ons Textiles Ss.. Cuban Tel 7 Detrolt Clty ——Noon.—— Tia Ofter. 2 100 100 100316 100 1316 100 1316 100 3.5 R min Wi | WESTERN UNION GAINS. ®Wh | NEW YORK, October 15.—Gross [revenues of the Western Union Tele- | graph Company for the nine months FRUIT IN BIG DEMAND. [¢nded September 30 'last. partly es- , > P aote timated, amounted to $84,878,754, con- PHILADELPHIA, October 15 (Spe-{yragted with $78,783.925 for the cor- cial).—The local fruit market is at its | responding period of 1922. Deductions height. Auction sales of fruit from |included $13,769.844 for repairs and vania, Delaware, New Jersey | d€Preciation: $59,465,269 for other e A , 8eY operating expenses and $1,730.137 for York and the Pacific coast|intercst on bonded debt. This left a totaling about $300,000 1w e Intorne | O $10/600/508' Baaties ecelpts of 400 carloads from $9.473.844 for the first nine months fornia a week are not exceptional. | of 1 - Air-Cooled Franklin--No Water-- een Monster..... . Hardshell Mining. Hill Top Nevadu Jndepend ‘Lead Kerr Lake Kin Dar onal Tin Porcu Nixon Nevada Ollo Copper Red Hill Florence. i1 King Div Mines Spearhead Gold Stewart Mines servative business men state that co- operative marketing, more economical farming and other changes in system hav brought about a condition where supply and demand govern the | price of the raw staple. | Recent declines in price and open threats of mills to close down have | failed to dislodge much spot cotton | from holder rmer today knows he owes very little for making ore in St. Francis and Washington | his crop of cotton, that the crop is counties for $1,250,000 and is conduct- | Short and that he does not have to| Ing diamond drill” operations to test |Sell immediately. = Consequently, he the ore, which is counted on to sup- | Will not sell until prices reach what | ply lead for use in the Ford he considers a fair level | tories. The option extends to It is reported here that the large | 954, New England interests which re ently closed their mills are active o bidders for raw cotton. in_Ha- i st i supply The activity in shoe largely an aitermath which left a hole which manufacturers now are 10 flll. The migration of factorics from Lynn ha t a_surplus of labor there, lowever welry manufacturers heavily engaged. More Bullding Worke Building activity is fo for more workers, hoth skilled unskilled, than ecan be suppHe New York, Philadelphia and th dle Atiantic states. Demand still ex- ceeds the suppl skilled fuctory workers. Raflr re putting on more men and building is ah- sorbing all the ni shovel who apply Stlk mil {48 Decembe 4748 March March 1 D 1001116 triving v 192405 100 11-16 ol deral Suga er Body are Robt. 7s. The Ford Mo- ~ Need ring Mauitoba Power 7s.. Morris & Co Tigs. New Orf Pub K Phila Elec 5. Phila_Elec 6 . Pub. Sery of N I 75 Pul, Serv El Pow 05 Dex White Caper men LYON PARK. LYON PARK, Va., October 15 (Spe- clal).—At the regular meeting of tha Lyon Park Civie Association amendment to the constitution, which was proposed at the previous ing, providing that if any member of the executive cor absent himself from three success meetings of the association or of tha executive committee his office should b declared vacant, was approved. proposition to elect a represen: ative of the electric light company 1o full membership in the name of the Alexandria Light and Power Cor called forth considerable on the part of several. of it on the ground t future e the compa might under fire from the asso- jciation, and on a divided vote wou be able to def the propositior Mr. Orr statec in his opinion ood policy to elect to full agree to i bers which wo privileges of vote. The red to the exec anean disturbances waii have caused the surface of t! Lake of Living Fire of the Kilauea volcano to drop 600 feet below the rim, pick : unskill operations s on unskil t. and the ilroad workers, have curtail somewbat but this, it s will give way to full-time operation when adequate supplies of raw ma uilding making heavy ea in the middie we trong demand for The fire alarm system Island, New York, miles ‘of wire. of Manhattan contain over 17,000 10 8 14 Vacuum Ofl 12 Swiss G 1 Swiss Gove s saiea tn 100 10 15 20 10 500 STANDARD OIL ISSTES Atlantic Lobos...... Buckeye Pipe Line.. Cumberland P L. Eureka Pipe Line.. Tpl 01 of Canads. Indiana Pipe Line.. Intal Pet Co Ltd.. Magnolia Pet.. 104 96 98 90 the hou refe commitiec. Repairs Between Tracks. President Moore reported that Washington-Virginta Railway pany had agreed to fill in w 1 places between the tracks at the Lyon Park station. The association had asked that cinders be used for this purpose, but the railway eng neer advise: t the company was using a new nbination of gr and sand at its station crossings & ad found it satisfactc and he wo repair the Lyon F crossing wit this new rial. It was reported also that the petition to be presented to the board of supcrvisors request- ing the improvement of Washingten avenue from ark station to Hatfield and avenue fror 4 station to the Fort Myer reservation would be compl Iy. In connection Mr. Lo d Mr. of the As Heiehts Citizen sociation, present at meeting, 1 that the ciation_ be < i with the Lyo attempt to also to adad proveme Virginia nue to « which had pense of Helghts. 1 the time i B of improved sreed with the board of that the board would spend valent amoy on the roads ton Heights, but to date this | « e An invitatio s exte Rogers to all the members of |Lyon Park to attend mesting of Ashton Helghts as- soclation to be held at his house Mo day evening. The invitation was ac- cepted on behalf of the Lyon Park citizens by I'resident Moore and committee” will attend the meetin Program of Speakers. . On motion of Mr. Orr, the executive committee will act as a program committee, and the question of hav- ing speakers for the various meetings of the association, together with any ther features or spectul meetings {will be decided upo In the discus- sion of this matter considerable op- position developed to the proposal to invite a speaker to each meetlng It was contended that the meetings were primarily to transact the busi- 1 the associati and talks various speakers, unless upt particularly instructive subjec: would consume valuable time of th: association and obstruct the orderly conduct of the bus meetings |Some_of the :rs personally..ob- ted 1o listening to speeches. 1t also was pointed out that would open the door to political {paigning by th ari candi for public offic pecially at time, when_active campalgning is in progress. In_ favor of the proposal it was stated that every one ¢ould \learn something from hearing - the s viewpoint, and the alan en followed last year of iting some of the county ofcer to better acquaint the members the ussociation, many of whoii were mnew residents of Arlington county, with the methods in vegu for transacting the people’s busimess in the various oftices. It was be- llieved that these talks had beem in structive, and that with the prayect control to be exercised by the cou: mittee in charge they could be made:uf value to the communi » SEAWEED TABLE DELICACY. NexOIk . Peer 01l Corp Penn Beaver Oil. 12 Royal Canad 0 & Tt ® Salt Ck Prod 1 S 10 Seaboard 01l 1 Bou States Of 2 Turman 01l . INDUSTRIALS. Daniels Mid kiyn City R It t Teresa ...... utrif Iron Pipe.. Chi Nip new w | Cuba Co Dubiiier € Durant Mot ... Durazt Mot of Tnd. Federal Telegraph. Firestone Tire 75 jf Hud & Mamn R R Hudson Co pfd.... Lehigh Power sec.. Midvale Co ....... « N Y Tel Co'ptd. . Park & Tilford. .. Radio Corp_pfd.. Read Coal rts w i give them assoclation w ter was finally utive Have a Cooling System the t The pressure air-cooling system of the Franklin Car is the simplest and most efficient method ever devised for cooling an automobile engine. There is but one moving part in the entire cool- ing system. This is the blower-type fan mounted on the front end of the crankshaft. It is so con- structed that it also serves the purpose of a second stabilizing flywheel. It dispenses with the common plumbing system ~-radiator, fan belt, water pump and hose connec- tions—together with scores of other incidental parts. , With all this goes the weight of these unneces- sary parts, and of the water necessary to them. This simplification means that you get more work out of a given amount of gasoline, and that noise, repairs, adjustments, and lubrication prob- lems are entirely done away with. With the elimination of complicated mechanism, and especially of the delicately constructed radia- tor, comes the opportunity for chassis flexibility. There is no need for rigid construction in the Franklin, and its comfort-giving resiliency results. Pressure air-cooling greatly increases the effi- ciency of the Franklin six-cylinder motor. That, together with the light weight which pressure air-cooling helps make possible, accounts largely for the marvelous economy of all Franklin Cars Take a trial of ownership in a Franklin Sedan --a 50 to 500 mile ride and drive. The longer trip, especially, gives you the com- plete story of pressure air-cooling, power, easy handling, comfort and safety. “The air-cooled Franklin does exactly what an ideal car should do—it delivers service and com fort every day, for every use, in every weather, on every road. : | ~ f FRANKLIN MOTOR CAR CO. . HARRY W. BURR - Phone Main 7045 1814 E Street N.W. Washington, D. C. Other Franklin Dealers in This Vicinity: BALTIMORE—Frankiin Motor Car Co. WILMINGTON—Diamond State Motors WINCHESTER—T. H. Sprint. Co. CHAMBERSBURG—C. Brown. PHILADELPHIA—Franklin Motor Car Co. HARRISBURG—Franklin Sales & READING—J. Miller Kalbach Co. Inc. Inc, WEST CHESTER—Wood & Taylor. . LANCASTER—De Pugh Motor Co. CHESTER—Counties Motor Co. Inc. DOVER—Diamond State Motors Co. CAMDEN—Franklin-McKenna Co. Inc, ppe e e ) 10 385 2213 F It requires no attention. No radiator to fill and drain and repair. No rust or sediment to re- move. Nothing to lubricate or adjust. No need for anti-freeze mixtures or a heated garage. No water to boil, freeze or leak. This scope of security and freedom is apparent in many ways. And it is constantly attracting new owners because it permits greater usefulness. The Franklin, pressure air-cooled, can run all day in low gear without fear of ever-heating. ted shor As- Washington Stock Exchange. SALES, Washington Gas 6s '33—$1,000 at 100%, $200 8t 1001, Chesapeake and Potomac Tel. 5s—$1,000 at 964, $2.000 at 861, American Security and Trust Co—2 at 303, 1 at 305. Lanston Monotype—10 at 73%. AFTER CALL, Capital Traction Company—3 at 100, 100, 10 at 100, 5 &t 100. 5 at 100, Washiogton R¥y. & Flec. pfd.—40 st 10 at 705y, 50 at 70%3, 50 at 7015, 30 at 40 at 701, Continental Trust Co.—3 at 80, G at 80. Money—Call loans, § aud 6 per cent. BONDS., Bid and Asked Prices. PUBLIO UTILITY. American Tel. & Telga. d... {'American Tel. & Telga. 43as. Am. Tel. & Tel. ctl. tr. Bs. Am. Tel. & Tel. con; Anacostia and Potomac & Anacostia & Potomac Guar. 0s. +C. & P. Tel. bs.. 10, & P. Telephone of V Capital Traction R. R. & City and Suburban 5s.. Georgetown Gas 1st b Metropolitan K. K. 3 Potomac Elec. 1st 5. Potomac Elec. cons. b5 Potomac. Elec. deb. s, Potomac Elec. s 1953....... Pot. Elec. Pow. g. m. & ref. i these roads and for the i road from wrendon av the portic d at the ex- Ashte that ot road w v ated d. % Thisability stands out when you encounterdeep sand, mud, long hard hills, and extremely hot weather. The opposite conditions afford an equally strik- ing contrast. You can leave the Franklin out ail night with the thermometer below zero with no worry about cracked cylinders or water jackets. No question about, easy starting the next morning, either—the electric vaporizer attends to that. And the absence of water requiring heating allows the Franklin to reach the normal operating temperature more quickly. In short, Franklin pressure air-cooling permits the motor to perform perfectly under conditions that would stop any other engine made. It asks no odds of the calendar—no odds of any kind of going. It allows you tn forget cooling chores and wor- ries completely. Allday touring becomes an exhilarating exper- ience; all-year usefulness, a certainty. Aske 92 the 2 some v. & Elec. pi Rwy. Elec. g. m. 8s. MISCELLANEOUS. Riggs Realty Bs (long). Riggs Realty Os (short).. ... Security Storage & Safe Dep. 6s. ‘Wash. Mkt. Cold Storage 0s... Wardman Park Hotel @s.. STOCKS. PUBLIC UTILITY American Tel, & Telga. Capital Traction........... Washington_ Gt : orfolk & W it Commeret; District . Farmers Federal-American ... Liberty ..... Lincoln tional-Metropolitan National Bank of Washington... TRUST COMPANY. i From the Manchester Guardian. England is far behind other nations, especially eastern mations, In appre- clating the non-animal food that comes out of the sea; so the projectors of a factory to be established at Stromness | for the production of a new patent food from seaweed will have a good deal of prejudice to overcome. At least eight British seaweeds make good eating. laver, samphire, dulse, dillisk, sea holly, eringo and carrageen. Yet few ordinary households ever sample any of these delicacies. Sam- phire used formerly to be cried in the streets of London as “crest marine,” but that cry is no longer heard. Eliza- bethan ancestors seem to have been fond of it, for it is mentioned in “King tional Savings and Trust. Union Trust.. Goreee 138 SAVINGS BANK. Commerce and Saving | East Waehington. ... . Securlty Savings & Commercial Seventh Street..... United States.. Washington Mechanic: FIRE INSURANCE. 220 American . Coreoran Firemen's ... atloual Union. TITLE T Columbia Title... ceee T Real Estate Title. Sz S MISCELLANEOUS. Half-way down Columbla Graphophone com Haugs one that gathers eamphire, dreadfu! Columbia_Graphophouo pd trade! D e Shakespearc refers to the fact that ‘me?:ffiuz?'?fl?x;pi Btorage. 130 samphire grows on the sides of ste 014 Dutch Market com. sea-washed cliffs, where its dark green 014 Dutch Market pfd. patches make a beautiful contrast of Lanston Monotype. color with the chalk. Of all seaweeds, laver appears to be most in demand, and even laver is rarely seen”exposed for sale except in Wales. RICHMOND—Atlantic Motor Co. Inc. NORFOLK—W. F. Lintz. ROANOKE~—Franklin Car Corp. CULPEPER—Coons Bros. Motor Co. CUMBERLAND—Johnston-Close Co. HAO‘I:!;I}S&OWN — Franklin-Coston Motor el o e W e e e e