Evening Star Newspaper, October 25, 1923, Page 31

A MILL WHEELS TURN AS DROUGHT ENDS Big Power Pools May Check Heavy Shutdown Losses in Future Operations. BY J. C.'ROYLE. Speeial Dispatch to The Star. NEW YORK, October 25.—The heavy rains of the first part of this week have brought temporary relief i some sections from the ' water ortage which has crippled indu: ‘rial plants on the Atlantic water- +hed from New England to Georgla. JMore than 300 factories in north Jersey resumed operations today. But manufacturers have not relaxed ef- forts to protect themselves against fature curtaliment of water and pow- or supplies. This has resulted in further movements for the formation of power pools through which hydro- clectric and steam generated power plants may supplement each other to avoid fallure of power supply. New Power Plans Under Way. Xot many vears hence these state- wide or interstate power pools will enable the manufacturer to choose a site for his factory without worrying about the source of his power, ac- cording to Sanford J. Magee, presi- dent of the New York State Gas and Dlectric Company. Mz Magee has just been elected president of the Empire State Gas and Electric Asso- tion, which is engaged on plans for Iinking up the steam and hydro-elec- tric central stations of the state in a power pool, which would take in all important generating sources. “Hitherto it has been the concern of the manufacturer to get close to & ertain supply of Inexpensive power," Mr. Magee said today. “The original Tity New England and a ood part of New York state was founded on the little mill with its water power, just as the great stecl industries o Pennsylvania came about through proximity of coal and iron. Plants for Rural Distriets, “The advancement of electrlcity is Iy bringing about an end to this which has carried with it mic and sociological ills. trapsmission of elec- 5 making it possible in this ost al} other states for a fac- tory to locute without considering 1 power sueply as the dominant el ment iy, the situation. Power ov the wires is destined to do muc reli the congestion of cities 1aging factories Into the cour aricts, where the labor problems of the nanufacturer and the living prob- lems of the workers will be vastiy simplified. Coal Troubles Too Serious. “The coal troubles of recent years have proved to many manufacturers the costliness of trying to maintain their own power plants when they can hook their factories on to the itnes of the electrical central station. ! The increased demand on the central | stations due to this load and the gen- eral activity of business have caused their officials to make a compre- hensive study of all possible sources of electrical supply. They have found 1 water powers, capable of al use for only a part of the n be developed and operated d with_others which, in are connected with stlli others tcam plants. > maximum use can be made clectricity the vear round pooling the power from many and shooting the. electrical here and there when and as h “Thus the of hydro sou is permits the electrical Industry u the maximum use of plant ulpment. to dismantle uneco- coal-burning plants and b and economies of opera- hold down or even reduce Tates Lo consumers. voxrexs Already Made. by existing inter- e demand exists for e tndustry can supply. s, whi nf industrial activity, are be- ed to expand constantly. e parts of this state tha demand that there exists a practical ze of power. Interconnection re of this. It will glve anufacturer a supply not onl. b 1t for the long future, and it bie the nufacturer looking plant tes to locate where & will best be served, aside tion of power supply.” CRUDE GIL OUTPUT GAINS DURING WEEK Imperts Show Slight Falling Of, According to Latest Patro- lenm Reports. for new bis inter from the By the Associnted Pross NEW YORK, October 25.—The daily average gross erude oil production of the United States Increased 138,100 barrels for the week ended October 20, totaling ,450, according to the weekly summary of the Amer- fcan Petroleum Tnstitute. An in- crease of 70.000 barrels in the dally everage production of the Powell fleld in Texas, together with the resumption of normal producing con- | ditions in Wyoming accounts for sub- stantially all of the Increase of 138 100 barrels per day. The dally ave age productlon egst of the Rocky mountains was 1442,950 barrels, an increase of 138,600, duction was 810,500 barrels, ereasc of 500 Dai'y average imoorts of petroleum &t_principal puits were 221,671 bar- rels. compa with 222000 for the previous week. Daily average re- celpts of California ofl at Atlantic and gulf coast ports were 157,286 barrels, compared with 245,286 for the previous week. RECEIVER APPOINTED FOR INDIANA BANK Gov. McCray’s Financial Difficulties Ruined Confidence in Institution. By the Associated Press. “KENTLAND, Ind., October 25.—~Wil- liam Darroch vesterday was appoint- »d permanent receiver for the Discount a de- and Deposit State Bank of this city, | which closed its doors October 13. The appointment was made by Judge Georze A. Willlams of the Newton eircult court, on application of the state banking department. Mr. Dar- roch became president of the bank followink the resignation of Gov. Warren T. McCray several weeks ago and last week was appointed tempo- rary recelver. The publicity given Gov. McCray financial difficulties and his connec- tion with the institution resulted in a lack of confidence which forced it to close, according to a statement made by Mr. Darroch when the bank first suspended business. WILL RETIRE BONDS. NEW YORK, October 25.—Directors of the Goodyear Tire and Rubber Company voted yesterday to retire $5,000,000 prior preference stock, re- ducing the outstanding amount to 45,000,000, Californla pro- | FINANCIA 7] G STAR, WASHINGTON, D. C., THURSDAY, OCTOBER NEW YORK CURB MARKET | Recetved by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK, October 25.—The most active stocks on the curb exchange today were Standard Ofl of Indiana, Park and Tilford, the new Hartman Clofvorlllon shares and Chicago Nip- ple. Standard of Indiana fluctuated around 55, following the big board. There was no encouragement in weekly production figures for opera- tion for the rise in the oll stocks. Other oll shares were, for the most part, lower, among them Prairle Oil, Standard of New York, Standard of Kentucky and International Pe- troleum. On the other hand there was an- other remarkable advance in Humble Oil, which at 367 was up 4 points NEW YORK, October 25.—Following is an official list of bonds and stocks traded in on the New York Curb Ma ket today : Sales In K thousands, H‘Jh. Low. . 1 635 o L1028 102% 6 Alum 7s mew '33... 5 Am Sumat Tob T%s 2Am T & T 6s "24... . 6 Anaconda 6s .. 101 1013y e 102 102 015 9% 3% Ay 10219 10735 "y Wt o i 101 101 e g ot L ER ol 1015, 101% L ] . 1085 1068, ol 9 ‘Anglo-Amer 0:1 Assoc Bim Hiw 635 Reaverboard 85 .... Beth Steel 7s '35, Cen Nat Ry Equip 7 at Ry 5w ... Charcoal Co Am 84.. Chi, RT& P 3w Cities Service Ts €. Cons Gas Balto 6s A Cons Textiles 8 Dunlep T & R Ts .. Federal Sugar 64 '33 Fisher Rody s '26.. Robt, Ts. 1071 F4] IO P PP TIPS PP SIS PISDIUPR.. PSS n Aspbalt Guie Oi1 ot P Hood araca’t Oil orris & Co. t Leathe New Orl Pub Ser 5% Ohio Power 5 B. Phila_Elec'ric s, 11 181 100 0L, 834, . B 84 . 1038 1033 8% G8% 0% 901y 051, 953 100 © 100 00t 0% W3, 1031 Plllsbury F Pub Berv of N J 7s. Pub Serv El Pow 6s. awsheen T8 ...... oss-Shefl Gs 3 Ralvey et Cle South Cal Bd bt SONTYTs Sun 011 75 3 Swift & Co s, United Ol Prod 8s. FOREIGN BONDS. 9 Gor of Argent Gaw i King of Nether @s.. Govt TS of Mexic STANDARD OIL IS nits. 10 Anglo-Am 0il Buckeye I L. 0 Cumberland 1 2600 Humble O & R new 3 50 Tmp Ol of Can... 1400 Intern Pet Co Léd 10 D01y 535 %9 21 013 53 o 1 & Gas 1 Prairie P L. 50 South Penn Ofi. INDEPENDENT OIL STOCKS. 4 i s ar; 129 6714 121 W a1, 128 Cit_Sery [ {3 Cit Serv * £1.000 Cit Berv C scrip.. $4.000 Cit Serv serip. . 14 Creole Ssud . Equits ptd ineers et t Ol of P Hindson Oil . Humphreys 03l 30 Keystone Ranger.. . Lyona Pet ..., 3 Gult St Ol & Ref 2 Marland B Mex Oil 2 Mount Prod ... Mutual Ofl vot ofs New Brad Ol w | New Mex Land Ohio Ranger Omar Ol & G Pegnock 01 ..., 5 Roy €an Ol & Ref alt Ck Prod 3 Sapulps Refin Seaboard Olf 102 Sou States O .. 1 Wilcox Ol & Gan. | Washington Stock Exchange. SALES, Washington Gas 6s ‘33—$2.000 at 1003, 41001 $1.000 8t 100%, 3100 at 1008 ‘apital Traction Co.—2 at 100, Washington Kwy. & Elec. pfa.—4 at 70%. District_ Natlopal Bank—i0 at 165 Rigss National Bauk—7 at 209%. { AFTER CALI. { Potomac Electric g & ref. 6s 1933—$200 jat 100. 4 capiial Traction Co.—10 at 100, & P. Tel. 5=—8$1,000 at 95%;. Money—Call losns, 5 and 6 per ceat. BONDS. Bid and Asked Prices. | PUBLIC UTILITY. Tel. & Telga. 4 i & Telgs. 41as. & Tel. ctl. tr. & Tel. conv. 68 & Potomac Bs. Asked P. Tel. 5. {C. & P. Teleplone of Va. | Capital’ Traction R. R. | City & Suburban Bs. | Georgetown Gas 1at { Metropolitan R. R. Potomac Elec. 1st 5 Potomac Flec. con | Potomac | Potomac Elec. | Pot. Elec. Pow. { Wasn., Alex. & Mt. o { Wesh., Alex. & Mi. Ver. ctts. | Wash. Bal. & Aundp. 5 shiagion Gaa o { Washington Gas 6s. { Wash. Rwy. & Elec. 4 i MISCELLANEOUS. D. C. Paper Mfs. 6. Riges Realty o8 (long | Riggs Realty Us (short). { Wash. Mkt, Cold Btorage 5i | Wardman Park Hotel Gs. | STOCKS. PUBLIC UTILITY. 5 9% Ams g Capital Tracts | Washington e N Waan, Steum Wash, Rwy. & | Wash. Rw, | Terminal | Second .. $itional Bank 'of Wasitington. TRUST COMPANY. Trust. Wb, Loan & Trus i American | Kviona Usios. 56 TITLE INSURANCE, \ ir‘;lm:lcr Jgnotyze | te 3 914 Duten Market pra Lanston Moootype. 4t | Direct to The Star Office within less than a ‘week and was within little more than 4 points of its high of the year. The only explana- tion vouchsafed for the rise was that the stock had been picked up by peo- ple who had faith in the future of the ofl industry, particularly of Humble oM. Realizing sales were felt in Hart- man stock, but Chicago Nipple mede a new high near 42. The latter cent rise has been partly L.tep: to the listing of the A shares Chicago Stock Exchange, and_ partly to favorable earnings report. For the first nihe months, according to unoffi- cial calculations, net before taxes was over $200,000 or at the annual rate of $10 a share. The move in Park & Tilford ap- peared to be over at least for the time being and the stock was heavy under profit-taking. Durant Motors went lower and Cleveland Motors were off a fraction. INDUSTRIALS. 4 Bkiyn Shoes Inc. 6 Bridgept Mach 2 Brit-Am Tob Cou 10 Candy Prod w i. 4 Checker Cab Mfd A 29 Chie Nip new w .. 2 Chie Nip B Tr n wl 1 Cleve Auto ... Aere cf dp. tes Aero ptd... 3% D L& W Coal 7 Dubilier ¢ & Radio. 4 Durant Mot 8 o Pont Mot 10% 10% 28% 1% 109 10ig Goodyear Tire. Hartm Co new w | Hudson €5 pfd..... Intl Contl Rubber.. Kuppenhelmer Co pf 12 11 Fismeom Midvale Co. Park & Tilford Radlo Corp.... Radio Corp pid.... Rendg Coal rix w | Sheiton Looms...... @ mpemrsrom sl S n BB 1 v Un_Retall Candy. T8 Lt & Het U8 Lt & Meat pfd el Taxi Corp N Am Lead Zinc ‘Arizona_Globe Cop Boston Mont Corp. Canario Copper ... Cous Cop Min new 25 Cent Am Mine. 4 Cresson Tia 5 Metals Prod ... New Jersey Zine X Y Porcup ne Nevada Opbir . Nixon Nevada Ohio Copper . 3 Premier Gold Min.. Ray Hercules Ine Red Hill Florence Rex Cons ...... Salida Mines andstorm Kend: 78 Cont new w i Tnity Gold .. Wenden Copper West End Cons STANDARDIZATION WAY TO MEET LABOR COSTS Manufacturer Even Hints at More TUniformity of Wom- en’s Hats. By the Associated Press. CLEVELAND, Ohio, October 25.— Standardization is the oniy way that | industry can keep pace with increas- | ing labor costs, in the opinion of Col. E. C. Peck, works manager of a locai drill’ company. { In an address before representa- | tives of six engineering organiza- {tlons, Col. Peck told of several ex- emples of standardization and con- sequent industrial saving, Including the reduction on the number of styles of milk_bottles from forty-nine to nine and a considerable reduction in the number of styies of furniture castors, the original number of which he said, was 2,500. Life would be much happler if men’ pockets, women's hats and bank checks could be standardized, Col. Peck asserted. “It probably will be a long time before women's hats are standard- casters, the original number of which, make them up are already standard- ,” he said. “Bank checks ought be made the same size as our currency, 8o they would fit nicely into i bill folds.” et _SUGAR PRICES SLUMP. Refiners Reduce Charges on Fine Granulated. ! NEW YORK, October 25— Raw { sugar continued easy early today at yes- terday’s closing srice of 5% cost and freight, equal to 7.28 for Cubas, duty paid. There was a sale of 8,000 bags of Cubas, due to arrive tomor- row. An_easier tone prevailed in raw sugar futures. The opening was un- changed to 2 points higher, but sub- sequent liquidation by European in- terests weakened December from 4.90 to 4.83, and the market at noon was 2 to 3 points net lower. Weak- ness in the spot market added to the heaviness. With raw sugar lower there was a fenunl disposition on the part of refiners to make concessions and all reduced fine granulated to 9.10. OIL FIRM SUSPENDS. Argentine Prospecting &iven Up by Anglo-Persian Company. BUENOS AIRES, October 25.—The Anglo-Persian Oil'Company has de- cided to give up its business in Ar- gentina after spending more than one million pounds sterling in prospect- iIng work, according to the Buenos | Aires Horald, which says that the en- {tire administration and technical | stafts of the concern have been dis- missed. This drastic action was taken, the newspaper asserts, by 8ir John Cad- man, chief geologist of the Anglo- Perslan Company, who recently ar- rived from London to investigate conditions in the Coinodora, Rivada- via and Plaza Hulncul oll flelds. TOBACCO DEAL MADE. NEW YORK, October 25.—The American Tobacco Company an- nounced today it had completed plans to take over the manufacturing prop- erties of the Tobacco Products’ Cor- poration under an agreement through which it would acquire its trade marks, supplies, plants and equip- ment for ‘a period of ninety-nine years. The transfer involved the pay- ment to the Tobacco Products’ Cor- por:t::?“otwmu n'a,o 00 ud’ 3 pay the corporstion iz.uo.ooo annually, HOG PRICES BROKEN BY HEAVY SELLING Live Stock Expert, Replying to Secretary Wallace, Sees “False Alarm.” By the Associated Press. CHICAGO, October 25.—An in- creased supply of approximately 35 per cent on hogs over the correspond- ing period of last year is the cause of the decline in hog values, Everett C. Brown, president of the Chicago Live Stock Exchange, sald here in answer to Secretary of Agriculture Wallace’s statement recently that an investigation would be made to de- termine If the slump in prices was the result of undue influences. “Secretary Wallace states that dur- ing the past month hog values have declined more than $1.50 per hun- dredweight while the price of corn increased 27 cents a bushel” Mr. Brown said. “Based on supply figures complled by the Department of Agri- culture nearly 3,000,000 hogs were marketed during that period, indl- cating a loss to producers by depre- ciation in value of about $3'a head, based on an average weight of 200 ounds, or an aggregate sum between 8,000,000 and $8,000,000. Calls Supply Major Faetor. “The secretary announces that the department is making an investiga- tion to determine if the slump _in prices 1s the result of undue influ- ences. As supply during that period was approximately 35 per cent great- ¢r than during the ~corresponding period of last year, this must be rec- Ognized as the depreclating factor of major {mportance. “In my opinfon. based on reliable information, the slump is directly at- tributable to a false alarm of dollar orn and five-cent hogs. I am not talking cheap corn, but I do not be- lieve conditions warrant such prophesy, but this will not be a ‘dol- lar' crop. Much of it will grade low, wing to high molsture content and will be subject to mold and rot s ted. hese badly informed farmer ad- visers are largely responsible for a| semi-panicky feeling in corn belt agricultural circles. * * ¢ They have succeeded In stampeding the country into throwing young hogs overboard \t an inopportune and critical mo- Jent, flooding every live stock market n the country with stock of the kind illers cannot utilize advantageously and creating @ temporary excessive | supply that will be reflected in Scarcity and high prices a few months hence. Secores Glib Marketing Talk. “We have heard a lot of glib talk about orderly marketing of live stock, and yet the element that has made such talk Its stock in trade s re- sponsible for the reverse condition, disorderly marketing. They have Within the past thirty days taiked the hog market down $2 per hundred- weight, and_the cattle market into aemoralized condition. What the corn belt farmer. or at least that element which llatens to these counterfeit oracles, needs is re- lief from a_coterie of lli-sdvisers. They have thrown a scare into live- stock feeders that has cost them an enérmous sum. “There is Do logic to the present situation at the live stock market. Meat consumption js enormous, stocks | are low and European demand for hog products unprecedented. Urges Change of Views. “There is danger that these men wili_create a psychological condition in the country that may prolong this senseless sacrifice of immature live stock. The time for orderiy market- ing is right now and the most ef- fective method of accomplishment | ltes In creating assurance that corn | will not be stored in fire and burglar{ proof safes or that cattle and hogs cannot be profitably fed to a reason- able stage of maturity ALLEGE SAUNDERS WITHDREW FUNDS Mixing of Piggly Wiggly Money With Personal Accounts Charged by Opponents. i i ] By the Associated Press. MEMPHIS, Tenn.. October Counsel for the Piggly Wiggly Cor- poration, resisting receivership pro- ceedings instituted by Clarence Saun- ders, former executive head of the corporation, in an amended bill filed in federal district court here yester- day, charged that Saunders during the period of July, 1922. to July, 192 withdrew $790,975 from the Corpor: tion's funds and intermingled it with his personal account and that “from said commingled account Saunders expended the sum of $819,560.17 In the acquisition of lands and improve- mnts thereon.” The amendment asked that the Union and Planters’ Bank and Trust Company and the Bank of Commerce and Trust Company of Memphis, as trustees, be made parties to the cor- poration bill, demanding an account- !ing of Saunders, that each of the banks show the amount due under in- cumbrances on the land and that a lien be declared and enforced on the land, subject to the incumbrances. The land is described as within Shel- by county, Tennessee. Saunders last year acquired an ex- tensive tract of iand on the outskirts of this city and partially completed a dwelling which It was expected would cost $1,000,000. Charges made in the biil filed yes- terday include an allegation that Saunders withdrew the amount noted, deposited it in his personal account. but entered it on the books of the corporation as ‘“investment Piggly Wiggly Stores class A stock.’ APPLE TRADE IMPROVES. Better Inquiry—Grapes Today-—Peaches Ni Special Dispateh to The Star. NEW YORK, October 25.—There was a mere actlve Inquiry today for fancy apples, but fruit of this kind was In very bulk of the offerings. Btock of poor to ordinary quality continued to show | very little improvement. A few early | morning sales of “A” grade, two-and- one-half-loch apples Sold as follows, | per barrel; Baldwin, $2.50 and $4.5 i Jonathan, $3.00 to’ $5.00; twenty ounce, $3.50 to $4.25: Snow, $4.00 to $1.00; Greening, $4.50 to_$6.50; Meln- losh, $6.80 to $5.00. Miscelianeous Vhrioties from $2.30 to $4.00. Un Stussified. two - and - one - half - inch Stock sold from $1.50 to $2.60 for va- | rious varieties. Prices for bas again showed a d Dl\'ini lfi'el":l teelpts. SePight an high as $1.10 per twelve Iquarx. basket, whereas the best up- l“.u ofterings sold at $1.00. Cheaper ected. { firmer tendency t atively light small _shipments Peaches weré practically neglected and only the fanciest offerings brought as high 2s $1.25 per bushel basket, while ordinary stock sold trom &Pc to 75¢. PECAN PRICES LOWER. NEW ORLEANS, October 25 (Spe cial),—Prices for commercial pecans ' are down about 40 per cent, as com- ' od with last year, Tanging from . 5 to 26 cents a pound. e paper il pecan crop is probably ane of the shell nuts ran, cents a pound. l est ever produced. Prices for from §0 to 75 . i blg yields. | tutes for sale In interstate comme; mall proportion to the | i et Concord grapes | |l 25, “1923. HOW A POOR MAN CAN GET AHEAD True Stories of Wage Earners and Salaried Men and Women Who Have Financial Independence, By Samuel O. Rice, Investment Bankers' Association of America (This fs the fifth of a series of twelve stories of wage earners a: laried men and women who have found the rosd to fina (ndependence. The next o tomorrow's Star.) A business woman, formerly a school teacher, but now employed in | the offices of a large publicity utllity company, gave her experiences as a smail investortto be the fifth in this series showing how average, everyday folks can get ahead. *1 bought liberty bonds during the war, $100 of every issue said the business woman. “Somehow I thought #0 much of them I couldn't bear the idea of sacrificing them for a fur/ coat or a trip to California, as some of the other girls in the office did. But after 1 had them paid for I ceased systematically saving. I put away a HUGE FRUITCROPS | REPORTEDINWEST California Orange and Grape Yields Are Showing will appear 1o | year money for it. when will be worth $500. dreadful that bond to the bank and get money on ft. to get a com: | It's Jonesome. Found the Road to Educational Director, few dollars only when I didn't want anything very badly or had earned extra money. “Even haphazard and meager sav- | ings accumulated $300 in three years. i I hadn’t thought much about invest ing it until a salesman for automobil | 8tock tried to interest me. His stock {was $10 a share. I didn't bite be- gause that salesman was the same man who had taken fhe first §50 I ever saved. He gave me another kind | of automobile stock for ft, after he { had shown me how rich I would be y 1T T could put $50 into General Mo- i tors, Ford or- other automobile bus- { iness. My §50 of stock had paid one! dividend, '$5, and then hit bottom. 1| | lost 350" ana all my dream of a safe | | 10,per cent investment. | “Somebody suggested putting my i $300 into bonds. Probably I am stu- ! pid, but it never occurred to me that j ordinary folks could buy bonds, ex- cept liberties, perhaps. 1 spoke to the | i boss. He referred me to an estab- | lished investment banking house. They told me 1 could buy a $500 bond by paying down my $360 and then $20 for nine months and about $15 the tenth month. In less than a year the bond was ail mine and now every | 15th of March and September I clip a coupon from that bond and get $17.50 “T figured out the other day that hat bond matures in 1942 it e pald me $700 and will still And if_something should happen I can take aving 325 a month now nion for my 3500 bond. 1 am Big Increases. Special Dispateh to The Star. SAN FRANCISCO, October fornia's frult crops will show an enot- | mous volume, as immense increases! are being reported in most varlcties. There will be approximately 22,000,000 | boxes of oranges produced, as agafet | 20,200,000 boxes last year. The state's! 448,000 acres of grapes will yield! 70,000 carloads, as againat 42,000 car. | loads in 1922 Peaches and pears' alone will show & falling off in pro- duction. Farm crops also have made Increase of 4 to 2 cents a pound on 1923 prunes and apricots will go into effect October 30. These advances, announced by the Califor- init Prune and Apricot Growers® A sociation, are principally on the larger sizes. New Ruling on Butter Specinl apateh to The Star. CHICAGO, October 25.—~The large| packers here and others who make| butter or its “alternates” or substi- are offering strong approval of the; outlining the provisions of the no\l‘l state law prohibiting use of the words “butter.” creamer: y* in the ! name of concerns making butter sub- stitutes. Attorney Brundake held that the Glidden Nut Butter Con pany must eliminate the word “but- ter” from its name as misleading Higher Cotton Prices Puzzling Mill Specia] Dispatch to The Star. | BOSTON, October 25.—The advance | in the price of cotton has intensified the problcms of the New England textile manufacturers. Consumers are showing reluctance to pay ex- isting high prices for Koods, aithough the latter arc quoted at prices be- | low reproduction costs based on cur- rent_cotton prices. The feeling here | is_that higher prices must be ob- tained for goods. Otherwise mills ||| must operate at a loss or close. So| far, closings have been confined | largely to mills producing ginghams, ' but a number of Fall River plants | have curtalled output. These plants, have been affected by special con- ditions and fine goods mills, in many instances, are still on full time. Many | | of these are operating on cotton pur- | chased during the summer slump. $1,000,000 ROAD DONE. St. Paul Extension to New Ford Factory Ready for Use. Special Dispateh to The Star. ST. PAUL, October 25.—Operation of trains over the new $1,000.000 exten- | sion of the St. Paul road from the! downtown district here to the new | Ford factory will begin within a! week. Shorter conmections with the! main line and a new through route| imto Minneapolis will be created by a $1,250,000 bridge over the Mississippi | just below High dam i DIVIDENDS. Pe- Company. riod. Rate. Rethlehem Steel. Q 1%% Otties Service.... Mth 1 Cities Rerv. stic... Mth 134% Cities Rerv. pf... Mta 15% Men! 5 Jai Dee. De De Chi. Mill & Goadrich (BF) pf. Mad. 8q. Gn. A. Penn. B R.. Pac. G. & E. pf.. Prod. & Rtefin. pf. Seott Pa 7% b {1 JOUL Oy Sl e §IIIllIlllIllllllllmllllllllllIl!l ree | 5 ering I | | 67 to 97 Yield Bonds, Public Utiities Stocks Monthly Payments if Desired Write for Booklet “Serving a Nation” Thos. W. Brahany & Co. 510-11 Evans Building Main €150 T | Continentai Trust Company Capital One Million Dollars 14th & H Streets (T Il 89 FIRST MORTGAGES We are off [ £ the above in Amounts fs 000.00 upwards. AIl loaps based on 5t nige of properts, with fre amount of lesn. Titie insurance attorner’s opinion furnished BANE OF SOUTH JACESONVILLE, BOUTH_JACKSOKVILLE, sLA. Established 1913. Money to Loan ANY AMOUNT Heasonable Charges o Trade Acceptanees, American Finance Corporation Cemmercial National Bank Bldg. ARNOLD AND COMPANY INCOBPORATED. Capital, $1,000,000.00 Real Estate First Mortgage Investments 1416 Eye Street NW. Phone Main 2434 For Investment FIRST MORTGAGE LOANS 6% Interest 7% All loans secured on mod- ern homes and busin, erty in best residential sec- tions of the city. Complete loans loans. Get our preferred mort- gage list with full informa- tion without obligation. Morris Cafritz Co’; 913 15th St. NW. Main 617 or part THE DEAL We are bold enough to proclaim that our extensive experience and the magnitude of make the our operations—together with abso- lute security of the properties involved— FIRST MORTGAGE NOTES —we offer to the public one of the finest and safest in- vestments tc be found in this country. They yield < issued in $100, 6% % and are , $250, $500 and $1,000 denominations {onsult Cur Mortgage Department NO LOSS TO ANY INVESTOR SINCE ORGANIZATION * Realtors 713 14th Street N. W. CHOOSE YOUR INVESTMENT.WITH CARE { o charge | ruling by the state attorney general|made for collecting quarterly Interes: eoupous. | This city considered most substantiai in Fiorida. FINANCIAL ‘We want you to opes an acoount with us. 1t need only be $1.00. For. our Depositers we megotia the Commercial Loan and Corporatioa. $50.00 LOANS on household furniture or resl estato at 8 par cent per you: Certificates of title,” whete neces: sary, are obtaizable at very reasen- able’ expense. BENEFICIAL BUILDING AND LOAN ASSN. 2213 14th St. N.W., mear Fla. Ave. Public Speaki Second Class Begins Oct. 25 at 7:30 Hugh_ Chalmers, Chalmers Motor Co., Detroit, Mich.—“To be a convineing talker will do more thap anything else I know of to assist men in achieving success.” Y.M.C.A. COLLEGE 1738 G Street N.W. Main 8250 COEDUCATIONAL = a o. Money to Loan* Secures by it deed tragt anllrfl'l‘ lnlemn!rlld e_-.' mb-l-m' - 1 Joseph I Weller £ Wosh, 1, & Trast Co-Operative Building Association Organized 1879 434 YEAR COMPLETED Surplus ......c000.. . 0030080 Profit By the Opportunity to Save —1In times of prosperity it is wise to Iny aside part of your income s an emergency fund. or to be able to gppertunities that may be presented ater, Subscription for ¢ 85th Issue of Steck Being Recetved Shares, $2.50 Per Month EQUITABLE BUILDING fj 815 F 5t. NW. JOHN JOY EDSON. Prealdent FRANK P. REESIDE, . —are predicated on earth itself ¥ %k they are instruments of construction and progress, offering steady, good profite for your money Qver a Quarter » of a ticularly in the Century Capital. Without B . a Loss B. F. SAUL CoO. Main 2100 1412 Eye St. N.W. = FIRST MORTGAGE NOTES For SALE IN DENOMINATIONS OF 500 DOLLARS AND UPWARDS 207 %mmc/:&a) ‘%em Washin;ron's Oldest National Bank Patronized By Several Generations THE METROPOLITAN is the only “banking house” many Wash- ingtonians have ever known. Their sires, their grandsires, in countless instances, did business with us and the present generation finds equal satisfaction in the highly developed service we offer. Organized in 1814 Our Savings Dept. Pays 3% Compound Interese- National Metropolitan Bank Capital, Surplus & Undivided Profits Over $1,700,000 15th St., Opposite U. 5. Treasury—109 Years Old When Opportunity Knocks at Your Door UPPOSE the big opportunity should gome to you one day when a certain sum of money can purchage 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 -