Evening Star Newspaper, October 23, 1923, Page 25

FIN CHEAPER TURKEYS FOR THANKSGIVING Record Number Raised This Year—7,377,000 Pounds Held Over in Storage. U BY J. C. ROYLE, Spectal Dispatch to The Star, NEW YORK, October 23.—Requests for “a little more white meat and an- other plece of the leg" at the Thanks- giving dinner table this year need not cause undue alarm so far as the tur- key supply Is concerned. Practical- ly every turkey-raising district will ve a good crop this year and some states will have the largest crops ever. There will be plenty of birds to go around for those who can af- . ford to buy them, and indications voint to generally lower prices than in 1922, according to large dealers. Splendid Growing Season. There has been an unusually fa- vorable growing season In many parts of the country. Many growers who had the market break under them late last season carried over a goodly portion of their birds breeding purposes. As a result, Tex- s, one of the largest producers, will have the biggest crop ever known, es- timated by many experts at double ally pests Kansas, Ilinois, 5 Alabama and Wisconsin the produ tion will be well up to normal, while smaller production expected in Jowa, Indiana, Nebraska and Colo- rado. The middle and southeastern Atlantic states will produce more turkeys than in 19 g The supply for Thanksgliving is de- pendent largely on the number of birds breeders determine to withhol and New Year, bi been » well dev or Christmas oped, and ers’ will ipment. Lower Prices Expected. Prices probably will be last year both at wholesale and r tail, according to_Charles E. MeN Chicago, one of the largest whole- lower than for | so propitious | ANClATI. BY WILLIAM F. HEFFERNAN. NEW YORK, October 23.—The curb exchange gave a better account of it- self today than the big board, pre- senting a steadler front against such selling as occurred. The ofls gave added proof that they have been well liquidated and hardened to the trade situation. Standard of Indlana sold at 55 early In the day, but later hard- ened. Standard of New York was around Monday’s close of 42%. Prairia Ofl crossed 170, the best it has done in quite a while. Standard of Ohlo Was up & point and Humble Oil held . NEW YORK, October 23.—Following is an officlal list of bonds and stocks traded in on the New York Curb Mar- ket today: Sales in thousands. 3 Allled Pa Am Gas & Elec Am Rolling Mt Am T & T 65 Anncondn 05 . Anglo-Amer 0f] Armour Co Del Asso Sim Haw 8ign Teth Steel Ta ' n 3 s 5 5 o at Ry t Steel 6s . Charconl Co Am 8i. Cons Textiles 8s Detrolt Clty Gas 64 Dunlop T 2 Federal Sugar 63 i sher Rody fis 3 Fisher Body 6s ir, Robt. Tu Asphalt ss". 1051 94 1008 5 Gulf Oil of Pa 55... Hocking Valley 6s .. Hood Rubber 7s .. & Kan Cit Te Talted 01l Prod 1Un Ry of Hav 7l 2 Vaenum Oil Ts i FOREIGN BONDS. LAMONT CONFIDENT ~ MEXICO IS SOLVENT, ysale poultrymen of the middle west., Prices at Thanksgiving time last y nged from 50 to 60 cents wholesa from 60 to 75 cents retail in most This year Mr. McNeill and ultry dealers forcast 40 cents > and 50 cents retail figures. These figures d by Itry prognost!- f Thomas ilson & Co. poul nd is un weather ju birds will a dition and pr wer. 1t a railroad tle hipments, it would ilarly. On the c shipments to any one break the price Huge Supply addition to ti hoof,” the 10 pound tran: ally long t before Thar ive at market s for fine birds will be up should de- affect the mar- ier hand, large center would Storage. turkeys now started an the .37 age, « time of ye pounds Iz age of bircs in er known comparing with ar and a fiy Most of these e to be sold before and probably many will i rom refrigerators for the Thanksgiving trade. This means will have more com- bout 500 » now ar- Argentine and cific r, pr riving_ weekly from some are bein; coast ports from it is extremely will be shipped to T than a bef raisers will u 1to mature and fatten their bl former charging that their cars, sent on consignment, have been heid in outlying yards and Kept oft the market until after the holiday, S0 that prices could be maintained, and the latter declaring that the producers are guilty in some cases of “stuffing” . their birds with sand and gravel to in- crease their weight (Copyright, WALL STREET NOTES. Kerosene 'Highe_r—l‘crd Declares 10 Per Cent Dividend. NEW YORK, Octoher S Standard 0i] Compatjy-af New Jersey has advanced the price‘of kerosena'in bulle’l cent, to § cents n gallbn for water white and 7 cents a Eallon for standard white. The American Zinc, Lead and Smelt- +ing Company reports net profit, before depreciation, for the quarts ended September 30, of $31,913, as compared with $138, n the sccond quarter, The stinghouse Electric and Manufacturing Company has receive an order from the Long Island ra road for sixty passenger cars. The Ford Motor Company of Canada has declared a dividend of 10 per cent, payable November 15, to stock of rec- ord November 5. Investment bankers express satis- faction at the ready sale which has met recent offerings of new bond is- sues, accompanied, as it has been, Wwith an increase in buying orders for listed securities. 1923.) BOND ISSUE ALLOWED. uthority was ted the In- state Comr Commission yes- ay to the Western Maryland rail- y to issue $5,800.000 of five-year 7 per cent secured gold notes, and to pledge $8,700,000 of first and refund- ing & per cent mortgage bonds as col- lateral security therefor. ——e TU. S. CARS SENT ABROAD. NEW YORK, October 23.—H. B Phipps, general export manager of the Hudson Motor Car Company, says that his company s exporting about 1,000 cars a month. England and northern Europe are buying most of the cars. Australla and New Zealand are also good customers. Mr, Phipps is sailing on the steamship Olympic for the London automobile show. He estimates that foreign sales wiil in- craase about 25 per cent next year. + SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) —Noon. — 108 0% Aluminum Co. of Amer, Aluminum Co. of Amer. American Cotton Oil 65 19: Aperican Sugar s 1937.1, American Tel. & Tel. 68 19: American OIl Tias an Northern Gige 1 Argentine Rw: Cht., B. I. & Pac, Chicago Tel, Gy 1024 Du_Pont Tis 1031, . Federal Sugar Ref. 8s 1933.... Fisher Body Corp, 6s 1927. - Fisher Body Corp. s 1828, Goodyear T. & I. 83 1931 Kansas Clty Term. 6s 19 Keanecott Copper 7s 1030, n Btate T Sears, Roebuck & O Switt & Co. 5a 1982 idewter Il 6%4s Unlon Tank Car s 1930. T3, 8. Bubber 7i4s 1930...00000 Western Usion 6%s 1930.. .. . 1095 WWestinglouse L. & M. 75 1081, 107i is o1 108 104 1 109 107 s the | Has No Fear of Present Financial { Difficulties on Debt-Pay- ! ing Agreement. | By the Assoclated Press W YORK, October on dispatches from Mexico City s to the Mexican government's finan- cial difficulties and their possible ef- fect on the Mexican debt agreemer homas W. Lamont of J. P. Morgaa | | comn | vester, ttes of bunkers on Mexic y that his committee tinued to h confidence that the | Me: Al government would carry out | lits obligation under the debt ugl'ce-; me; Mexican bonds were sold freely on | th ew York Stock F terday, both the 4s and Gs touching | new low prices for the year. Mr. La- mont's talk with newspaper men took | place after the close of the market. | He said that he and h assistants . um] ve change {on the committee had noted with re- ret the statements emanating from City. Nevertheless, he sald, | commiitee felt confident there would be no interruption of the debt agreement pla dding that a sub- stantial amount of the $15,000,000 re. quired for the first vear's deb: serv- ice under the agreement already haa been made availible to the committee, Mr. Lamont said also that ke be- tion to declare the whole plan opera. tive ae soon as the balance remai |Ing for the firut year's debt service | { had been deposited. { Replying to questions { fect the recent resignation of Finance i Minister de la Huerta might have on ithe plan, Mr. Lamont said that sev eral deposits had been forwarded by Secretary Pani, Mr. de la Huerta's successor, and that he thought it would be onl* au short time before the full amount would be available. It was stated that while no reports had been received from abroad, there the bonds had been or will be de- { posited with the committees in the various countries, SHORTAGE IN ORANGES. - California. | Special Dispateh to The star. | SAN FRANCISCO, October 23.—Short- age of California oranges, due to unex- pected cleaning up of the old crop, is expected to materlalize the first part of { November. Only a swmall gmount of the ‘1‘422 crop remains. This fruit is being | shiy ,i/-d east now to meet a brisk de- m New crop oranges will come on arket the latter part of November. BALTIMORE LIVE STOCK. BALTIMORE, October 23.—Cattle— Receipts for the week ended noon yesterday were 4.933 head, against 1,733 head last week: 167 carloads for market for the weck. Market slow and draggy, Eenerally lower, with plain and coarser kinds, which are in greatest supply, off most. Steers, choice, 8.50a9.25; good butcher, 7.50a 8.25; medium, 6.00a7.25; common, 4.50 a6.50. Helfers, choice, 6.5087.00; falr to good, 6.75n6.50; common to me- dium, 400a5.50. Bulls, choice, 5.00a. 5.60; fair to good, 4.25a5.00; common to_medium, 3.00a4.00. Cows, choice, 4.7585.25; falr to good, 4.00a4.76; com- mon to medium, 2.00a3.50. Sheep and lambs—Five thousand, two hundred and forty-six head. against 6,404 head last week; light supply; market slow. Sheep. 150 5.76; lambs, 6.50a13.00; extras, 13.25. Hogs — Twenty-two thousand and two head, against 18,478 head last week; good supply; market 10 higher. Lights, 'y, 8.20; medium, 8.10; Ppigs. 6.60a7.00; roughs, 1.50a6.50, Calves — One thousand and forty- nine, against 1,041 head last week; moderate supply; market slow. Calves, 4.00a12.50; extras, 13.00. DIVIDENDS. Pay. Company. Period. Rate. able, Ont. Steel Pro Ont, Btl. Pr. pf. Beott's Prepar South. Can. Pow. % | White Motor. War. Iron & St.. EX-DIVIDEND TABLE. October 24— Allis-Chalmers M, Cuban-American Si Lancaster Mills pf., q. Wabl Co. October Cincl., Sand. & Cleve. R. R. pf. | Durham Hoglery pt.. q Atchison, Butler Bros,, q. Clinchgeld Coal pf, q. Standard Oil of Ohlo pf, q. — The book of life is fllus black and white; dreams ‘are color supplement. ted in the Heved it to be the committee's’Inten- { as to the ef- | was little doubt that a maority of | —Comment- | i& Co., chairman of the international | con- Old:;Crop-ddready Cleaned Up-dut 238 THE EVENING STAR, WASHINGTON, D. C, TUESDAY, OCTOBER 23, 1923 NEW YORK CURB MARKET Recelved by Private Wire Direct to The Star Office firm, retaining nearly all its recent rise. Park & Tilford again led the indus- trials, reaching 33%, 8 points above its level ten days ago. As yet, how- ever, there is no authoritative con- firmation of the dividend gossip which has accompanied the advance. Realizing sales in Hartman new stock appeared to .have run their course, and the stock was firmer. Chi- cago Nipple made another slight gain when it sold at 39%. Cuba Company was steady at 35. Ohio Copper, which recently sold as high as 90 cents, dropped to 83. Gulf States Ol was heavy, just above 6. —_— Sales STANDARD OIL ISSUES. 1n units. 200 Atlantle Lobos ... 2% | 2% 00 Continent Ofl ne: 857 85 Gal Sig Ofl........" 008 G0 Humble 0 & R new 8344 384 m P L 134 Imp O11 of Intern Pet 5 Magnolia Pet Northern P L. 3594 341 Obio Ofl new. Prairle Ol & Penn Mex Fuel.. Prairle P L. South Penn Oil. . S 0 Ind. 8 5 Southern 100 8 0 Ky. 1700 5 0 N cuum Gt mew. .. Washingtop Of1 . Sales in INDEPENDENT OIL STOCKS. hundreds. Ark Nat Gag 1 Boston Wyo 0 4 Carib Synd 4 Cit Sery . § Cit Serv pfi 1 Cit Serv B ofs $4.000 Cit Serv C serip. 7,000 Cit Sery serip. b Oreole Synd . Derby 0 & Ref w i Federal 011 .. Glen Kock Ofi . Hudson 011 Humplhreys Keystone Rang: 1 3 o 1 1 o 5 Kirby Pet bt 40 0 . Penn Reaver 01l 4 Pennock 01l Pittsburgh Roy Cun 0 & K tyan Con....... 3 Salt Creek Prod.. Sapulpa Refin... 3 Seaboard OfL. Non Ntates Oif AT n_ ol 2 Wilcox 011 & INDU Acme Coal new Am G & B new Am L& Tract..%1148 4 Bridgeport Mch w1 1010 Centrifug I 21 Check C £ Candg R Ch Nip b tr o w i Cleveland Auto . « i60) sanee Curt Aero’cfs dep DI Coal & Radio Durent Motor . El Bond & Sh pf rd Mg ¥ Heyden Ohem Hudson Co prd. Hart Corp new w Intl Conerete Indus. Lupton I M McCror 8 new uf MeCrory & war cfs Midrale Co E N Y Tel Co'ptd G B 1 1 Thread Co ptd . United Pr & tew Arizona Globe Cop. . Beicher Dis, £ Belcher Extens . Roston Mont Cory Canarlo Copper Candelaria’ Min Cons Coj Cortez Min new Tiver Goldfield Deep Min |1 Goldleld Floence. Homestake Ext .. Independence Lead . 3 Kerr sz 5 Ohlo Copper Ruy Hercules Ing ) Red Hill Florence 249 Silserhorn i 10 Toolumne .- 3 Taited 20 U Contl mes 4 Unity Gold . 28 Wenden (oppe: 10 West End Consol 50 West End Ext - 10 West Utah INCOME IS DOUBLED. Virginia Iron, Coal and Coke Com- pany Gaining in Earnings. RICHMOND, Va., October 23.—Th Virginia_Iron, Coal and Coke Com. pany, for the quarten ending Septem- ber 30, 1923, reports net income of $170,414 after interest and taxes, equal, after preferred dividends, to $1.07 a share on its $10,000,000 out- standing common stock, compared with net income of $114,984, or 52 cents a share, on the common In the preceding quarter, and net income of $273,886, or $2.11 & share, on the com- mon’ stock in the third quarter of The company's net income for the first nine months of 1923 amounted to $628,267, equivalent to $3.41 a share on the common stock after allowing for preferred dividends against net income of $288,799, or $1.01 a share, on the common stock in the corre- sponding period of 1922. —_— STOCK ISSUE GRANTED. Illinois Central Will Carry on Extensive Improvements. The Illinois Central railroad was authorized today by the Interstate Commerce Commission to issue $12,- 022450 in 6 per cent preferred stock, to be sold at par to its stockholders for cash. In addition, it will issue & like amount of common stock, which shall be held in the corporation’s treasury unless preferred stockhold- ers desire to convert their holdings into common. The funds will be used to continue the Improvement and elec- | trification of the road's Chicago ter- minkl, an investment which will to- tal, when the work ls about $88,000,000. somplsiat. WOOL EXPORTS KEEP UP. Buying in Domestic Market Only at Close Prices. Special Dispatch to The Star. BOSTON, October 23.—Domestio business in the raw wool market w. moderate, but on a fairly even ke {oday, ail grades getting a share of inquiry. Mills continue to buy only to fill orders on hand and then shop around carefully for the b price. The export movement continues, even the medium grades which had not been wanted overseas earlier, finding place in the outgoing stream. Ri ceipts at Boston Monday werc o bags oo dumestic wool. [BUSINESS LETS UP INNEW ENGLAND i Distinct Signs of Contraction Noted—Margin of Profit Steadily Cut Down. Special Dispatch to The Sta BOSTON, October 23.—Despite in- dications that the business activity is holding up In, other sections, dis- tinct signs of contraction are shown in New England. Business men com- plain primarily about the steadlly narrowing margin of profit. Rising labor costs, stiff prices for raw ma- terfals and the difficulty of disposing of goods on & basis equivalent to the cost of production constitute the problems of the moment. Retall trade here {s good, running not more than 10 per cent behind that of last fall. This is attributed to the fact that labor is well em- ployed at high wages. This is an offect, not a cause. Manufacturers of cottons are handicapped by high costs of materials. Woolen manufac- turers are meeting an unwillingness of buyers to pay prices which will cover the 123 per cent wage ad- vance of last spring. Drought Cats Off Power. CHARLOTTE, N. C. October (Special).—The Southern Power Corm pany has shut down its hvdro e! tric plants here, as recent rains have not sufficed to il its reservoirs or put & normal flow of iwater Into the streams. Power will be furnished in- dustries only five days & week. Rain Helps Jersey Plant; HAC ACK. N. J. October 23 (Special). —Today's ralng are expected to improve materially the situation of the industrial plants of northern New Jersey, which have been suffer- ing from ‘a shortage of water, al- though a three-inch fall is needed. Steel Output Falling Of. PITTSBURGH, October 23 (Special). —Steel and fron production in the Pittsburgh district has fallen off slightly, but not to the extent ex- pected.’ New orders are running lighter than shipments, but there is encouragement in the fact that the spread between the two is being re- duced. Tha of production is about 18 per e the peak level of the year, s are unchanged. 1,100-Car Freight Yard Pl EAST ST. LOUIS, October clal).—The 'Chicago, Burlington and Quincy raflroad will construct new freight vards at Willows. near here, at a cost of $700,000. The rards will have a capacity of 1100 cars and will ald shipment of Llinois coal to the west and northwest. Expect Steady Fall Trade. ST. PAUL, October 23 (Speclal).— Buyers and Jobbers of the northwest here for the annual merchandise dis- play and purchasing week forecast steady business the remainder of the year. Officlals of the Northwest Buy- ers and Jobbers, Inc., predicted that $1,000.000 worth' of goods would be sold in the next four days. (Copyright. 1923.) Washington Stock Exchange. SALES, Capital Traction Us—3$500 at 833, lnra,:omlc Elec, g. & ref. 6s 1933.—$200 at Mergenthaler Linotype—5 st 188, G at 138, 10 at 108, (Spe- AFTER CALL. ngton Gas Li ington Rwy. Munsey Trust Co.—5 at 102, Money—Call loans, § and 6 per cent BONDS. Bid and Asked Prices. PUBLIC CTILITY. and Telga, dn.... rel. & Telga. 430 . & Tel, ctl. tr. Ba.... & Tel.' conv. 0 & Potomac De. & Potomac | & P! Teiep 3 Capital Traction E. R. b City & Suburban s, Potomac Elec. Potomac Flec. ec. Pow. g. m. Alex. & ME. Ver. Os. Alex. & Mt. Ver. ctfs. \‘5 lhln’l‘mn : Rwy. & Eleo. 5. 0. 8a. MISCELLANEOTS. | D, € Paper Mte. ‘;n Sioutty 5o s H & Elec. 4 igks Realty ou (short AR Nt Cola Storage 6. ‘Wardman Park Hotel Gs. STOCKS. POBLIC UTILITY. American Tel. & Telga. Capital ‘olumbia . Commerctal Farm, Federal-American Liberty . Lincoln | Riggs Second National Bank of TRUST COMPANY. Unlon Tru Wash. Loan & Trus SAVINGS BANK, Commerce and Savings. i East Was t a1ty Baviags and Com... Beventh Street American Corcoran Firem National Union TITLE INSURANCE. Columbla Title, Real Estate Tit Col. Graphophone com. Graphophone cp . Paper Mtg. Co » Paper pfd.. Merchantn Transter & torage. 100 Mergenthaler Linotype.. i Tokio Market Breaks on Less De- mand From America. By tbe Associated Press. TOKIO, October 23.—Owing to & decreased demand for it in America, the price of raw silk on the Yoko- hama market declined 80 yen :lf X.N:O t week. (A yen is O costraiioly 5b cante. A iin 1a ap: proximately 1.32 pounds.) ute in a separation suit ove r 40 ol n| a we In Dll| English .;:nurt by the lawyvers X and ol ada ’ "RAW SILK TUMBLES. ’\vnmun's lawyer n. 3 HOW A POOR MAN CAN GET AHEAD True Stories of Wage Earners and Salaried Men and ‘Women Who Have Found the Road to Financial Independence. By Samuel O. 3 Educational . Director, Investment Bankers' Association of America (This is the third of & serles of twe stories of wage earners and salaried men Women who have found the road to financial independence. The next one will appear in tomorrow’s Star.) “I never saved a penny until I was almost forty years oll,” sald a civil engineer, who. is now Wwealthy and a large holder of apartment houses and rental property. “I got fair salary and spent it all. One day the company gave me a small bond as a bonus. It made me sore. I wanted the bonus in money. I'd have to go to a little trouble to TERLING DECLINES TOLOWFORYEAR Break of Two Cents Today Laid Partly to Grave Ger- man Situation. By tie Assoclated Pre N YORK, October 23.—A further decline of nearly 2 cents in demand sterling was recorded at the opening of today's forelgn exchange market, bring- ing the British steriing bills down to $4.47%, a new low record for the year. While bankers differed as to the chief ause, all were agreed that the German situation has been a contradictory factor fn that {t had hurt England's export opportunities by destroying some of her markets. There also has been an ex- ceptional amount of speculation in the) exchange, bankers said. i Today's drop brought the decline for the period_of little more than a week to nearly 7 cents. —_——— LIFE INSURANCE BOOMS. Sales for Third Quarter of Year Show 20 Per Cent Gains. NEW YORK, October 23.—Sales of | ordinary life insurance in the United States continued for the third quarter ©of this year to run approximately 20 per cent above the corresponding pe- riod of last vear. More than $4,000, 000,000 of Insurance was paid for dur ing the nine months, according to re- ports made to the life insurance sales research bureau by companies which had in force more than 80 per cent of | the outstanding legal reserve ordi- y business on January 1, 1922, companies ieeued $1,356,000,- ordinary insurance on & paid basis in the third quarter, an increase of 19 per cent above the same period in 1922, when $1,130,000,000 of insur- ance was sold, and 36 per cent above the same period in 1921. Sales during the third quarter of the year decreas- ed 13 per cent from the second quar- ter, but this decreass is no greater than the normal decrease from the second to the third quarter. Septem-! ber sales were well in advance of those of last year in all sections of the country, and averaged 19 per cen higher for the whole country. epend a bond, 5o I kept it. After a while I discovered I hadn't missed not spending that money. The little | semi-annual interest came in. I got interested. At almost forty 1 got the saving and investing habit. That's more than twenty years ago now and here's how I figure my re‘urns ince I became an investor, and iatcr my own boss: “Bonds, 100 per cent, meaning that Interest recelved and increased values have doubled every penny I ever saved and put Into bonds. “Real estate, 60 per cent, meaning that rents, rent saved and increased value of my property have paid me back $16 for every 310 that I in- I bought my first real estate years ago with the ald of bonds that onabled me to obtain the loan. “Mortgages, 50 to 60 per cent, mean- ing that every penny that I have suved and lent on property has re- turned in & period of years a sum cqual to half the amount invested, or more. 2 “My first Investments were guided by good advice, that of an executive of & blg corporation for which I worked. - He showed me that, al- though I could at first invest only small gums, there is o safe bond for every investor and saver. There's no_ cxcuse for any one accepting an inferior security. I've never tried to speculate; er lost a penny. ARNOLD AND COMPANY INOORPORATED, Capital, $1,000,000.00 Real Estate First Mortgage Investments 1416 Eye Street N.W. Phone Main 2434 VE HAVE FOIt SALE Nt nations of $100 and uj chiefly secured in modern residences, the vaiue of which can be readily determined evea by the inexperi- ecced. y_ placed and %, payable Frospective purchasers will find us ready to explain fully, whether they wish to invest Tow oF later R Maln 1168, 1470 New York HAVE ON HAND IN DENOMINATIONS OF $100 Up to $5,000 A Limited Amount of Very Cholce 7% First Mortgage Notes An Opportunity to Get the Only Absolutely Safe Form of Investment Yielding the Maximum Rate of Interest N particolars, apply Mr. O'Dousell, o Dept., M HAS. D. SAGER 924 14th St. N.W. PLAN NEW BUILDINGS. B. F. Saul Company to Erect Of- fice Structures. Erection of two office bulldings 915 and 919 15th street northwest is} planned by the B. F. Saul Company, according to an announcement of B F. Saul. _An investment of approxi- mately $500.000 will be represented. Construction will begin within a week. The butldings are expected to be ready for occupancy within six months. ‘The bulldinge will be flve and six stories high, respectively, and the ground floor and mezzanine floor of the five-story bullding will be occu- | F. 8aul Company, now | pled by the B. located at 14 PIPE LINES WIPED OUT. Floods Halt Oil Shipments to At- lantic Selb?nrd, Special ipatch to The Star. , TELSA,, Okla. Octoher 23-—Crude il pipe ifne runs northwhrll oyt of north Texas and southern Oklafoma to the Atlantic seaboard have interrupted by recent floods. ‘The rorth &nd south Canadian river cross- ings have all been wiped out and de- Iivorles haited. The Sinclair Pipe Line and Prairie Pipe Line companies suffered most. It probably will be three weeks before normal conditions are re-established. I street northwest. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY PHILADELPHIA, October 23.—The Ellls Importing Company has begun sult agalnst the California Almond Growers' Assoclation alleging that the almond growers' exchange failed to keep an agreement not to ship almonds into Philadelphia if the Ellis Company would take over the stocks then in the city on consignment. PITTSBURGH, October 23.—Orders from Japan have overloaded the elec- 1 construction plants in this re- f{;‘a‘: Day and night shifts are be- ing employed and labor is in great demand. PHILADELPHIA, October 23.—De- partment stores have begun to ad- vertise for sales people for the holi- :i:;‘ Trade. Merchants way that the prosperous year this uusv as enjoy- ed indicates a brisk hollday business. MINNEAPOLIS, October 23.—State officials will offer for sale October 30 approximately 23,163,000 feet of state owned timber on 20,600 acres of land ! in northern Minnesota. The timber is expected to bring $350,000. DENVER, October 23.-—Western headquarters of the reclamation serv- ice reports that a_ large part of the potato crop of the Uncompahgre proj- ect in southwestern Colorado will go into storage because of the sharp drop in prices since September i The yield was one-third below nore mal. BOSTON, October 23.—Two more New England textile plants have been obliged to curtail operations as a re- sult of the falling off in demand for nghams. The York Manufacturing ompany will close indefinitely on Gotoper 27 about 760 of its plain ngham looms at the Saco mill. ncaster mills of Clinton, Ma: have closed indefinitely. SEATTLE, October 23.—Makers of hats and oaps here are making and selling 12 to 16 per cent more goods than at this time last year. The prices for wool and cotton used in this manufacture have been fairly stable for some weeks, but the sit- uation in Japan has caused a jump in </l used as linings. The trade in Californis is especially good, een | The) EQUITABLE Co-Operative Building Association Organized 1870 434 YEAR COMPLETED Profit By the Opportunity to Save In times of prosperity It is wise to lay nside part of your income as an emergency fund, of to be able to gras opportunities that may be presents fater. Subscription for the 85th Issue of Stock Belng Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St NW. JOX :EDSON. President NK P .}nnaml. -".‘-'. For Investment | FIRST | MORTGAGE LOANS 61% Interest 7% All loans secured on mod- ern homes and business prop- || erty in best residential sec- tions of the city. Complete loans loans. Get our preferred mort- gage list with full informa- tion without @bligation. Morris Cafritz 913 15th St. N.W. or part Inc., o 4 Main 617 Land Bank 43/,% Bonds Due July 1, 1953 Optional July 1, 1933 Exempt from Fed- eral, State, Municipal and local taxation. Price to yield about /4% | Circular on request |§{ The National City Company ‘Washington 741 15th St. N.W. Toggphone—Main 3176 FINANCIAL. Money to Loan Becured by first deed of trust on real estats. Prevailing 1 commission. Interest and Joseph L. Well "‘,‘:5 LSRN Money to Loan ANY AMOUNT Reasonable Charges om Trade Acceptances, Warehouse Receipts, =::'l.‘l or Approved Col- American Finance Corporation Commercial National Bank Bldg. We waat you to open an sccount th'ud: Tt ‘naed. only b 3100, e negotiate 1 Loan and LOANS on household furniture or real estate 4,8 par cent par ificates of fitle,” where ne: sary, are obtainable at very res able expense. BENEFICIAL BUILDING AND LOAN ASS! 2213 14th St. ear, ON FIRST MORTGAGES AT CURRENT RATES OF INTEREST Randall . Hagner & Ca 2207 Connecticat (Boenvue HOW TO BE ABSOLUTELY SAFE IN INVESTING \void widely fluctuating securi ties which pa only Our under v dividends or interest favorable conditions FIRST MORTGAGES Over a Quarter ofa 6 short, convenient maturiti Century [V éthout a Loss+ —are non-fluctuating. backed by over a quarter of : T'he 7, a good return; are offered in and are cen- tury of proven safety. B F. SAWL QO Main 2100 56th 1412 Eye St. N.\V. Capital & Surplus, $2,000,000.00 For Your Convenience —we accept DEPOSITS BY MATL. (furnishir necessary stationery, etc., making prompt acknowl- edgment of remittances and sending receipted de- posit slips by return mail. € Inquire about our Banking By Mail facilities "the next time you come in. e National Savings & Trust Co. . ' Oldest Savings De ositott"‘fn fi‘afifln{io». A New The Road to Thrift and Success ET 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. Payments of $10 or more, under this plan, will draw 6%% and 7% inte_relt. with a money-back guarantee. 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. HOW TO SUILD AN +2 INDEREN ke F.H.SMITH CO. Founded 1873 FIRST MORTGAGE INVESTMENTS SMITM BUILDING 813 FIFTEENTH ST. No Loss to Any Investor in 50 Years