Evening Star Newspaper, October 22, 1923, Page 23

FINANCIAL, UNSKILLED LABOR MOST IN DEMAND White Collar Workers Getting Fewer Advances in Pay. Jobs Harder to Find. yPlanation for the rise in the new 'again this morning appears to be the | announcement THE EVENING STAR, WASHINGTON, D. NEW YORK CURB MARKET Recelved by Private Wire BY WILLIAM ¥. HEFFERNAN, NEW YORK, October 22.—The ex- Hartman Corporation last week and that the quarterly dividend on the old shares had been raised from $1.76 to $2, placing them on’an $8 basis. According to the Direct to The Star Office larity and later reaction in the gen- eral list. Around 33 the stock was up another point and was selling nearly 8 poinis above where }t was ten days ago. This price could hardly ‘be justified, except on the 5r0unds that a dividend is not far \)n shares started in with quite a rush. Standard of New York was up over a point and touched 43. Standard of Indiana and Standard of Kentucky each gained a half point, the adv: HOW A POOR MAN CAN GET AHEAD | T'rue Stories of Wage Earners and Salaried Men and | (This s the second of a Women Who Have Found the Road to Financial Independence. By Samuel O. Rice, Educational Direct Investment Bankers' Association of America house. ries of twelve | friend could direct him to a reputable At C, MONDAY, OCTOBER 22, storles of wage earners and salaried men and who have found the road to fnancial investment the end of 1923, Money to Loan Anv AmouNT Reanonabl Trade Accep -fl'- Warebouse Receipts, Manufacturers’ Accounts, !hn-'l‘n', First and Secovd Mortgages or Approved Col- lateral. American Finance Corporation Commercial National na-k Bldg. First Mortgage Loans Lowest Rates of Interest and Commission. Prompt Action FINANCIAL, —anywhere is often judged by the character of his associates. You'll be in “good company” when you bank at The Metro- i politan. torm of exchange holders of Hartman old were to get new stock in the b > an aiti i ratio of two fo sen | Worst is known regarding conditions o % - one. and were given O Y i "trade and has been dis- {the right at the same time to sub- | The oils bore | counted In the market. scribe for an additional share of the | their part, however, in the afternoou new at $37.50. | recession. se A Glan %A Chese a Sales were recorded in Glen en These additional | Coal at 73 against 72%, last week's recelve the present dividend because |close, There were some demands for they only come in for distributions |Dubilier Radio at a fractional rise made after December 1. The diyi-|above 10. Bridgeport Machinery was dend increase had evidently been dis- | a trifie higher. Transactions occurred counted in the advance above 42 {in {stock came down and was much s | and United Verde Extension at 28, the latter .representing a active in the later trading. slight gain ovef the previous sale. The campaign in Park and Tilford | Realizing sales appeared in Ohio Cop- was the irre coming on top of last week's recov s A S T L e dence. The next ome will appear in | tomorrow's Star.) , Inc. N 2 Thomas J. fa'a'hf.—.{n & Company, lnc. 1 The “solid” people hereabouts favor the OLDEST National Bank in the Dis- trict of Columbia. BY J. C. ROYL Bpocial Dispateh to The Star, VEW YORK. October worker with a rough neck strong back seems sure of ment at lucrative the entire winte collar” men are which iy’ growix ous. Pay roll industrial plants not only being increased by ad- ditlonal numbers of workers, but the trend of wages is upward in many Yner. This applies particularly to unskilled labor, where the wage level tn sections is higher than fc me “The best winter since s the way many industrial autborities summarize situation. { but nearly all make an { the white-collar jobs Oftice forces have been through more eflicient m and wage advances to cle heen far fe and ller amounts th “istlled Lib g to their forces in antic on G " o s | Gotd Male Stenogray Inter Oontl . whit r mpe fact ‘We want you to open an soccount with-ua; nn’:s.a‘&m wLe or “our. Depositors we ‘megotiate through the ymmercial Loan and Finance Corporation. $50.00 LOANS ©n housebold furaiturs or real estate Organized in 1814 Our Savings Dept. Pays 3%, Compound Interest National Metropolitan Bank Capital, Surplus & Undivided Profits Over $1,700,000 15th St., Opposite U. 5. Treasury—109 Years Old — The and a emplpy- wages throughout but the “white- ing a situation gly seri- shares will not i g iherea of are not interrupted by NEW YORK, October 2 is an official list of bonds traded in on the New York ket today : (;)HQW|I)|‘[..| and sto Curb’ixflr’fj BENEFICIAL BUILDING AND LOAN ASSN. W., near Fla. Ave. States 01l 1% Wilcox Ol & Gas. 814 INDUSTRIALS. ‘oal mew . Leather nost i most Sales In thousands. BONDS, montt High 1 Acme ny he ch w i SERVICE and SAFETY Nahonal 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 fa’r rates 75 new "33 & T 65 0 Federal S.g 6s ' Auglo- and Auto do P & L FIRST MORTGAGES FOR SALE Secured on Improved Real Estate in the District of Columbia material duced 3 ment h Steel 75 s 6 Can Nat Ry Eq 7. 1 Cent Steel 8. E "o Am 8. s C.. Dubilier C Durant M 2 Durant Mot of Ind Gillette S R. 2 Gleawonette B Goodyear ve frequent n for than Merch ARNOLD AND COMPANY TNCORPORATED. Capital, $1,000,000.00 Real Estate First Mortgage Investments 1416 Eye Street N.W. hone Main 2434 holiday season. | ers Sodght. most songht stenographers. limited opportu- coliar fob being indicatea b report college of of the | Lustitute 1010 hat half o taking | Denominations of $250, $300, $750, $1,000 and upward. JAMES F. SHEA 643 Louisiana Ave. N.W. men male th, white od i the industries of T fully one uden Its 7% First-Mortgage Notes, SECURED by Improved stmct of Columbia Real Estate, Are a GOOD INVESTMENT. Offered in_denominztions from $250.00 UP. 1 Hocking Valley 39 Ken City Term 1 Lib MeN : 2L W Lig 520,459, ued al ~ Money to Loan . Secured by firsc deed of trust on real estats. Prevailing interest and commission. i Joseph I. Weller §3.¥esh. o & ¥t | Vaiversat Pige v i War Hat Mfg w | ayne Coal £ ring, wage nd 2 cents an hour to of employ £ six ind this advanee rics and other whit last Globe 000, | nt Arizona mand for of cle where, Fem good der and comnetent 1y sought > help has ex and cleaners with worl, he ¢ 2 Swifr Tani oxcention strong ey & G Oz The Road to Thrift and 'E ON HAND IN DENOMINATIONS OF $100 Up to $5,000 A Limited Amount of Very Choice First Mortgage Notes An Opportunity to Get the Only Absolutely Safe Form of Investment Yielding the Maximum Rate of Interest 0'Donpen, 3 Vacuum Ol 1 Valsorine 01 gher Rille proport 4 man I Strong Call for Children. strong call for chil i to work under sta In some sections of the north west schools have bee ed to ai- w pupils to held gather the potato is also Homestake Bxt n old enoug Independence Load. Kerr Lake 5 Ta Rose Min. Success LET us show you how our Investment Savings Plan, a safe and simple method of saving and investing, will start you on the road to thrift and success. of Mexico ds... 328 of Mex ctfs dep 315 STANDARD OIL ISSUES Exchange Quotations By Radio 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, M. 8222, The Washington Lotu; and Trust Company 300 F Street 620 17th Strest the summer resort brought a surplus of | into some of ¥ will go south to by the end of this winter jobs are nd more the female and school teachers. cotton crop in the been made and much of it the uth feels that the migration of negro has not been an - unmixed disaster. The negroes who 9 nd. T e Jeft the ng and summer are 300 § O Sy 3 of & cl: formed the bulk of ° V I Full_particulars apply Mr. | Losn Dept.. M. 38. CHAS D. SAGER 924 14th St. W, mble O & R new Tnd P L Pet (o Lid the citie the winte month irach Th more worke; that e Metal Prod Rted Hill Florence. Sandstorm Kenda 0 Am Gold & . Spearhead Gold. . Sutherld Dev Min. Silverhorn Mine K?.E(fir‘x:‘ y"m Payments of $10 or more, under this plan, will penn i draw 6%% wnd 7% intergst, with a money-back : HAVE FOR SALE NOTES IN DENOMI- s of $100 and vpward, chiefly secured | modern residences, the vaiue of which ct readily determined even by the inexperi: the idle population in the winter and 4“‘;;:{: SR new! idered as liabilities by their | o700 5.0 ¢ for about five months of | = 5 2 Their absence this winter | Sales in IND NDENT OIL STOCKS. will “counterbalance any losses their | hundreds leaving cost ear oL Atk Nat Gas Mexican Labor Sought. Rt 1 does not apply to the f Louisiana, however. about to harvest are preparing toim- un laborers. inskilled labor hz “turnover” has problem in many d labor now per hour as ived for a te we notes are conservatively placed and | st at 6, 613 and 7%, pavable| anually. Prospective purchssers will find us resdy to u fully, whether they wish to iovest now or later LOUIS P. SHOEMAKER, 1470 New York Ave N.W. Estabished 1876, EQUITABLE Co-Operative Building Association Organized 1879 4%a YEAR COMPLETED Assets . 84,750,763 Surplus 1,207,351 Profit By the Opportunity to Save —In times of prosperity it is wise to lay aside part of your income as an emergency fund. or to be able to grasp opportunities that may be presented Iater. 7 Wenden West End Cousol 20 West Utah DRY (;EJODS PRICES OFF. Week Opens With Curtailing of Buying Reported. { had $5,000 from his small savin, Not much? Only $5,000 for a quar- Smoke and savings form the ma-| "y, byt immeasurably better than terial for this achievement in getting | nothing and still infinitely better than i | gullible victim of a low bucket shop and savings, a poor Spanish cigar- | Eullible vieihin o o low bucket shop his employer. He drew no lnh\rca(\ Opportunity came with a young It was a custom of the old world and | American cigar salesman ambitious | the selling end of the business. The America and worked “on the bench” | Spaniard “knew the manufacturing here, - Atter ‘& whilo ao American | (30, n e the underiaking. 1¢ | was speculating in its true sense. ings and told him that money could and would work for him safely and|speculation founded on und busi- =ense and honesty., Most of the The Latin, contrary to tr I that is nothing but the shiftless de- was no gam VPr It happened t for nothing is scarcely worthy of {gven the name of sambling. . The based on tips or on the fact that he knew lh« manufac- his partner knew the both were honest. T that is n in almost every city.| And the Spaniard is still putting mn] bonds. ucts and meats showed a marked in- crease during September as compared exports of products in the grain, fruit and ve table divisions de- Figures prepared by the Commerce Department today gave the Septem- 76,921 pounds, valued at $1 agalnst 66,045,583 pounds va Dairy products exported during September, 1 , were valued a Animal oil and fats exported menth were valued at $12 {taled $9.499,856. Figures on Grain Exports. from 0,651 in September, 19 $31. ast month. nned frui s IS 22, were worth $3,900,000. but feil off la ning month to $1,391,000. lating all of the calendar year 1923 {On the face of the same figures for grain and grain_products exported ! has been only 324 00, while dur exports were worth $400,965,000. Can ned fruit exports for the nine months | while in 1923 they dropped to $8, 544,000, Increases in the animal product ex- ports which were noted during Sep- {marked when the totals of the entire nine months were considered. For the | meat €xpo was $110,318,000, while | during 1922 it was $99,602,399. E: nine months of 1922 were $86,938,000 while in 1923 they were $117 Balm of Gllead is a‘vellowish, | matio gum. collected from certain | always been valued in the east for its exceptional fragrance and sup- twenty-five years the clgarmaker i ter of a century of work? ahead. For years tais man of smoke | the shallow experience of loss as the maker, left his small savings With|§5000 hrought in OPportunity. o his own business. He knew he followed it. Then he came to| . sel) |end. They formed a partnership. The friend learned of the Spaniard's s | Both men took a chance, but it was e | ness experience, surely if put into safe bonds so-called speculas sire of inexperience to get something Spaniard's #peculation was not turing end of the cigar busin tune. They own a brand of cigars| savings — much larger now American exports of animal prod- with September a year ago, while the creased. {ber total of meats exports $10,819,159 a yvear ago. 074.549 against $1,535,000 a v while in September, Grain and products exports dropped exported during September, 1922 s than un- AT 8 S 3 130 2 q ! The tendency shown has been oper- | the nine months of 1923 the value of ing the same months of 1 simila of 1922 were valued at $14,707,000, nerease fn Animal Products. tember, 1923, however, were not £o . calendar year to date the value of | ports of animal oils and fats for the | _ Arabian and Abyssinian trees. It has| posad medicinal qualities. 514 Main 1166, Our new booklet— “How to Build an In- dependent Income,” tells the story. Call, write or phone Main 6464 today for YOUR copy. It contains some very interesting charts showing the growth of accumulated savings. their su port 10.00! The demand for heen s at come a serious sections Many classes of skill wro receiving much common laborers r. r day ten vea to a murve Co. The fol schedules b to $1.5 to $1.25; p ur: buildin, Tour; 60 Hudson 0f1 . 0 Keystone Ran ispatch to The Star. W YORK, October 2 -The (0!'! ton goods market opened today with ! prices a little lower than last week, ! on curtailed buying. Quotations on | print cloths were 10 cents for the 64 | by 60 and 113 for the 68 by 72, a re- | duction of a quarter cent in each case. Trading continued to pick up in the raw silk market on the decline in | prices which started the first of last | week. Japanese silks were quoted from 5 to 15 cents lower today than Saturday's figures. Canton was firm BETTER WOOL INQUIRY. Week Opens With Export uove-§ ment Still Strong. : | Special Dispateh to The St ) BOSTON, October —Increased inquiry for cross-bred wool featured the opening of the raw wool markets this week. Carpet wools also are h looking up, interest having been The stimulated *locally " by the higher | First prices this grade is bringing abroad.| s j The export movement continues heavy M | ortgage and m’anu(uclnrew are showing \ume‘ uneasiness as to whether enough wool o v il ‘be lortiito AN thels: onn ot Notes we are offering at this rate of interest not only are ample security for the loans, but are backed by our own conservative appraisals. Spe a Six-and-a-half Per Cent and Safety Whether you can get this rate of interest and be cer- tain of the safety of your principal depends entirely upon who and what are back of the investment. Guif State 0 & R. Mex 0il > MountProd Mutual 0il vot cfs New Brad Oil w 1 10 Noble Ol & Gas.. 2 Peer 041 Corp. 3 Penn Beaver Oil. 1 Pennock 01 .. 4 Roy Can 0il & Ret up ‘to iron” wo plumbers, 70 cents 70 cents to $1. to $1.50. In are receiv- of $1 to $4 a nprentices has held to be far| $1.10 'Washington Stock Exchange. SALES. Washington Gas 6s '33—300 at 100%. Capital Traction Co.—1 at 100%, 1 at 100%, 10 at 1003, 10 at 100% Washington Ruwy. & Elec. ptd.—5 at FTER CALL. Washington Gas Lij 3 Washington Gas 6y '33—$100 at 100%. Money—Call loans, 5 and 6 per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY. and Teiga. 4s. stone S dition, many vavmen e number . but still w CJhe F.H.SMITH CO. Founded 1873 —— Subscription for the 85th Issue of Stock Belng Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F 5t. N.W. JOHN JOY EDSON, President FRANK P. REESIDE, Seey. EAPORTS OF FLOUR 10 ORIENT LARGER: Special Dispateh to The St SEATTLE, October 22.—Exports of flour to the orient, including the Philippines, for the first three months of the cereal year—July 1 to Septem- ber 30—amounted to 518,000 barrels ibout 10 per cent higher than in The trade has been execption- with China outside of the free port of H¥ngkong. This trade ac- counted for 262,935 barr Japan's buyin been limited and the flour shipped to the Philippines has been less than a year ago. Puget sound mills are operating on a basis of 93 ver cent of normal, with inland mills at 100 per cent. Motor Parts Business Showing Improvement | Special Dispateh to The § 1 CLEVELAND, October —There | X has been moderate improvement in the motor parts business recently. According to reports from manufac- turers, the seasonal lull ended around September 1, and employment in the plants has inc ed 7 per cent. One iarge body-building concérn reports | ihat demands f its products have shown decided provement in the Jast month, while a large company making bumpers declares orders are coming in satisfactorily. There is also a slight incre: e in inquiries for springs and axle. A large maker of bearings stated today that the| 2 P seasonal decline had been less severe | American Security & Trust than usual and that business was 85 | $oRtnental rus per cent of the April volume. Wild Rush to Pay 0ld Debts in Texas Spectal Dispatch to The Star. FORT WORTH, October 22.—Retail buying in all merchandise lines in Pexas was hampered last week by the wholesale paying of debts, espe- clally in the agricultural counties. Both tenants and owners have made 2 general move toward retiring ob- ligations and are practically out of debt for the first time since the war. Better buying is predicted for the re- wainder of the fall. Crops were helped by a light frost in the south- west. Unopened cotton bolls were unhurt, while matured ones were popped wide and are ready for the plokers. “Economic_conditions are growing very much better,” J. L. Chapman, state banking commissioner, said to- day. No Loss to Any Investor in 50 Years n Tel T Tel, & Fel, ot Tel. & Tel. conv. Anicostia & Potomac 5 Anacostia & Fotomac guar. 5s. & P. Tel € & B Telephone of Vi Capital’ Traction R. R. City & Suburban 5 . Georgetown Gas 1sf Metropolit; Potomac E Potomac E ceipts at Boston last week were! 1,714,800 pounds, as compared with | 1516,900 the week before. TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ———Noon.—— Offer. 00 Let Our Mortgage Dept. Explain Making Progress Nothing can do more to help your future progress than g savings account regularly increased by a fixed portion of your income. Wash., Alex. & Mt. 5 Wash, Alex. ‘& September March 15, June 15, December 15, March 15, 192 s September 192 %s March 13, 1027. 4%s December 15, SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) N 100118 9915 100 8.32 9 116 1003.16 99 23-32 MISCELLANEOUS, D. C. Paper Mfg, 8s. Riggs Realty 5% (long) Riges Realty Ss (short). h. Mkt Cold Storage 5t Wardman Park- Hotel "as STOCKS. PUBLIC UTILITY. Aluminum Co. of Amer. Ts Aluminum Co. of Amer. 7s 1 ‘American Cotton Oil Gs 1924. . American Sugar Gs 1987.. American Tel, & Tel. 6s j9z American Tel. & Tel. 6x 1t Anaconda Copper 6s 1929. Anglo-American Oil 7i3s i Northern 5igs 192 ntral Argentine Rwy. 6s Central Leather s 192 R. 1. and Pacific 5 Chicago Tel. 5s 1923. Du Pent Tis 1931 When Opportunity Knocks at Your Door UPPOSE the big opportunity should come to you one day when a certain sum of money can purchase the one thing that will achieve your success! Have you saved enough money to do it? Or will you see the opportu- nity drift by, because you didn’t start to save soon enough? This chance may come to you tomorrow, next week, next year. But if you don’t start saving now, you will never be ready. That’s why you should inquire about our First Mortgage Notes, because others have grasped their golden opportunity by having their money safely invested with us ever since they had started. Call or Write for Detailed Information Swartzell, Rheem & Hensey Co. 727 15th Street N. W. 54 Years Without Loss to an Investor Every Banking Service. COMMERCIAL 3 % ON SAVINGS | District Farme: TRUST AM]E]R]ICAN S]ECIU]R]IW er Body Cor Goodyear T. & l‘t' Great Northern Hocking Valley Humbie Oil & 8 m§| Tedm. Kenneeott Copper 7s 1930, Jiebigan, State Tel, 5 1034 M, 8t P &S 8. | second { National Bank of Wa TRUST COMPANY. AND TRUST COMPA Tidewater Oil 8148 Unlon Tank Car U. S. Rubber 7 Western Union Westinghouse SAVINGS BANK. and 15th and Penna. Ave. Capital and Surplus, $5,400,000.00 M. 7s 1931 107!/. y Saving: Seventh Street. Usited States Washington Mechanic FIRE INSURANCE. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) October 22, 1923—1 m. Nominal ~ Selliog gold value. t 4.8665 BRANCHES 7th and Mass. Ave. N.W. 8th and H Streets N.E. 436 7th Street S.W. 1140 15th Street N.W. checks . American Corcoran Fircmen's, | National Union. TITLE INSURANCE. Columbia_Title. 7 Real Estate Titie.. MISCELLANEOUS. Gol., Gganhophone p . 0. Paper Mfg. Co. ; er ptd. 55 Merchants' Transfer & Hlnn‘e. 100 Mergenthaler Linotype. 0ld Dutch Market com. Old Dutch Market pfd. Lanston Monoty ‘Washington Ma: Yellow Cab... *Ex dividend. i London, pound . Montres Paris, franc Brussels, franc Berlin, mark Rome, lira Zurich, Central: Northeast : Southwest : Northwest : Budapest, Prague, crown . Warsaw, mark ‘open] . Christiania,” crown . Stockholm, crown . 200002 1741 1532 2628 One cheer is better than a.dosen groans,