Evening Star Newspaper, October 28, 1923, Page 80

FINANCIAL," Nation’s Mills Could Employ . More Than 6,000,000 W orkers | l __“THE . SUNDAY . STAR, ‘WASHENGTON, - ‘C., OCTOBER 28,. 1923—PART 6. Census Buréau Finds Flour Plants Could} Feed 200,000,000—First Report of Kind Took Two Years’ Work. BY HARDEN COLFAX. A measure of the nation's abl to produce manufactured goods has just | been compléted by the census bureau | after two years of work. The grand | total of possible output during a sin- gle year is set down by the bureau | at §74123,930,736. The returns used in making up this total came from | 184.194 manufacturing plants through- | wut the country 1 In addition, 1.214 plants Known output of about $1. annually failed to submit maximum | output figure 1t f« reasonabl \‘f‘l[:'n‘ that had the figures from these plant been available, the grand total o American factories to produce would) have been written in figures topping | the $76,000,000,000 mark. This meuans | that under ideal conditions of labor, | transportation and raw material sup- ply our factories are capable of turn- ing out annually finished product the value of about £700 for every u woman and child in the country. Actual Figures Taken. The survey was made in connec- tion with the 19 censns of manu- facturers, showing what the plants Iy turned out in finished prod- during that vear of business “Lhe totals show th an factories produced in £00ds to the value of about 000,000. That was a drop of $18,000,000,000, or about 30 per nt from the banner year of 1919, when mills and factories were whir: ring under the stimulus of post-wal inflation and prosperit ‘The figures, never before a nounced, tell an accurate story the extent of the damage done b storm of readjustment well a capacity of the nation’s gigantic | manufacturing machinery. They are replete with detail. They cover 350 separate manufacturing industries, Which gave employment during the | ‘)lr‘\'lhl of the depression to more than | 000,000 workers. They tell the story | showing the cxtent | ich it was affected by the eco- ehange. They ine ate that try’s manufacturing plants, | maximum, are c Wing employment to | 000,000 workers. . with a 10,000,000 Innovation. ure of possible produc- innovation in census bu- 1t was embodied in the urns upon the recommenda- 1 committee of a conference of trade associations held In Wash inglon August 1%, 1821, at the in- stance of the National Association of Manufacturers. - Secretary Hoover ap- b proved the proposal and directed the inclusion of the survey in, the cen- sus bureaw's work A< Fesule of the wor! ness men of the countr: acquainted in detail, BALDWIN, IN TARIFF MOVE STIRS BRITAIN Believed He Will Submit Pro- tection to Electorate Prior to Budget in 1924. busi 11 woon be for the: first By the Associated Press. il LONDON, October 27.—The protec- tionist kite flown at Plymouth by Prime Minister Stanley Baldwin and | by Neville Chamberlain, chancellor of | the hequer, has set political cir- cles buzzing with speculation as to when the premier intends to sound the opinfon of the country on such « radical departure from Great Brit- ain’s established free trade policy. Opinion so far holds that an elec- tion—if ther one on this que tion—will be fixed for the early spring of 1924, before the budget is submitted to parilament. One rea- son for the choic of this time is that the budget is bound to be an| unpopular ‘oné inasmuch as tt wiil not, according to Mr. Chamberlain's recent statement, provide for any re- duction in taxation. The government would not pe likely to risk facing an electorate disgruntled by an un- | popular budget. | Opinions differ as to the impression | made on the party delegates who | listened to the speeches at Plymouth, some reports saying that they cre- ated much uneasiness, others that the declarations of the prime minister and the chancellor were well re- ceived. This divergence is sufficient- 1y explained by the well known fact that the conservative party is in no wise unanimous on the protection question. The premier is scheduled to speak during the coming week at Swansea and Manchester—the latter being the home of the free trade movement— and It is assumed that he will take the nation more fully into his confi- dence on those occasions. He also is to speak at Glasgow next month when he will have opportunity of sounding opinion in Scotland. The ministry will have a stiff row to hoe, for the whole forces of lib-| eralism, as well as the cohorts of the labor party will be arrayed against it, although whether all fac- tions of the labor element will be founy in opposition is said to be] doubkful. i SOUTHERN MEDICAL | BODY TO MEET HERE| | Sessions From November 12 to 15 ‘Will Be Held in Various Hotels. The Southern Medical Association is to hold its seventeenth annual meeting here November 12 to 15. Sessions of various sections will meet in the New Willard, Washington, Raleigh, Shore- ham, New Ebbitt and Burlington hotels. At the New Willard, which will be gen- eral hotel headquarters, the sections on medicine_and pathology will meet as well as the Sputhern Gastro-Enterolog- ieal Assoclatfon and a conference on medical education. Sections on pediatrics, obstetrics, eve, ear, nose and throat, radiology and der- matology and syphilology will meet at the Washington Hotel, while the section on gurgery and bone and joint surgery and the Southern States Association of Rallway Surgeons will assemble at the Raleigh Hotel, ) At the Shorcham the sections on urology and neurology and psychiat Will Meet, and at the New Ebbitt Hotel , the section on public health and the national_malaria committee will meet. The Southern Association of Anasthet- ists will_hold its sessions at the Bur- lington Hotel. i President Coolidge and Mrs. Coolidge are to recelve the delegates.informally at 12:30 o'clock, November 15 Dr. Thomas ' A. Groover is general chairman of. the Washington committes on arrangements, ‘ be i | More time, of the capacity of each of the manufacturing industries under most favorable _conditions. The federal government, also, is placed in pos- session of detalled information of al- most_vital value in time of war. Heretofore it has been impossible to measure accurately what any indus- try could accomplish in_event of a sudden call to service. The govern- ment knows now just what it can ex- pect from every factory in the coun- ry Tmmcnse Output Possible. individual Industries the re-{ port_discloses outstanding facts of | whose nature there had long been much differenca of opinion and some { dispute, The 20,172 bakery estab- | lishments in the country, for instance. | capable of turning out half -as bread and . other products as they produced in 1921. The place thelr ability to pro- more than $500,000,000 an- v, or slightly double their 1921 ouiput. The boot and shoe factories measure their maximum possible out- put at about $1,400.000,000 annually— sutlicient to furnish footgear to 150, 100,000 people. The shops producing raflroad cars are prepared to touch a limit of more than $1,600.000.000 annually. or nearly one-third more than they pro- duced in 1921. Makers of clothing for men and women are ready to produce $3,000.000,000 worth of prod- ucts, or sufficient to provide com fortably for half as many more per- sons as bought clothes in 1921 on goods manufacturers, 1,328 § number. by speeding up could pro- one-third more, makers of elec- trical machinery and supplies nearly wice as much. Mills Can Feed 200,000,000 Persons. lour mills can turn out flour sufficient to feed nearly 200.000,000 persons. The nation's 9,013 foundries and machine shops are prepared to increase their 1921 production, if they work three shifts a day, by 125 per cent. The furniture factorles, by running at the maximum, could add 60 per cent to the volume of their product: The iron and steel ~works rolling mills of the country, bone of industrial prosperity as wartime activity, say they could speed up to two and one-half times | heir 1921 production. The leather industries could almost double theirs. than 9.000 lumber manufac- turers asserted that, on the aver- age, they could add two-thir their producing ability of two ago. Nearly 400 motor vehicle man- ufacturers, who were working at a good profit _even during the wull period. assert that they cou'd turh out almost two and one-hali times as many cars as they did that year. And so the story goes throughout the list of the 350 industries. The figures have been sent to the gov- erpment printing office, and within a hbrt time, it is expected. the detailed information will be available for gen- eral distribution. SOVIET PARLEY HIT BY SNUB OF TOKIO0 Failure of Minister to Return Call Bars Russian Envoy From Japan. By much again and BY CLIFFORD FOX. By Cable to The Star and Chicago Daily News. Copyright, 1923. PEKING, October 27.—Failure of Japanese Minister Yoshizawa to re- turn the call of M. Leo Karakhan, so viet envoy, has upset the latter’ plans for departure to Japan to ar- range the regpening of the Russia- Japanese conference. Failure to re- turn the soviet envoy’s call is tanta- mount to a declaration that Tokio is unwilling to resume discussions with Moscow. Action of the Japanese min- ister has greatly chagrined the so- viet mission, which planned to use the opening of negotiations with Japan as leverage to Induce China to rec- ognize the Moscow government. If Yoshizawa had returned Karakhan's call it would have meant his receiv- ing a passport to enter Japan. Concensions Promised. Karakhan in his efforts to force China to recognize the Moscow gov- ernment promised, 1t is understood, to | give China vast timber and mineral * ‘concessions, but China refused to con- sider these offers until the Sino-Rus- sia negotiations are formally opened. Karakhan, however, stubbornly in- sists he will not negotiate until the soviet government is recognized. He finally threatened, it is said, that unless the attitude of the Chinese gov- ernment is modified, to offer the timber and mineral concessions to Japan, be- ing convinced that Japan 'would be willing to recognize his government when tendered these concessions. It is anticipated that China will shortly invite Karakhan to either com- mence negotiations or leave Peking. It is significant that his congratulations to Tsao Kun, China's new president, | were unofficiaily acknowledged. i Threatening Red Movement. 1 Meanwhile threatening movement of red troops toward Mcngolia are report- ed, with the object of stengthening the occupation of outer Mongolia, which means further border trouble. China’s border garrisons have bheen strengthened, but the movement of red troops toward the Chinese eastern rail- way zone is regarded here as a threat against those in control, The railway management is under the control of a board composed of Chinese and “white” Russians, the lat- ter placed thero by French_ Investors, General Manager Ostroumoff, chief of the Russian rallway administration, declares the continued {1l treatment of Chinese in Russian Siberia and Mon- golia by the reds and the refusal of the Moscow government to discuss this situation has brought relations be- tween the two countries to a serious point. | | | POLICEMAN TRIED. Schotter Charged With Being Un- necessarily Rough. Policeman William: Schotter of the second precinct was tried before & po- lice trial board at the District buflding yesterday on the charge of having used unnecessary force in arresting Hugh <. Irey, a real estate man, for alleged vio- 1ation of the parking regulations. The testimony all revolved around the question of the manner in which Schot- ter took Mr. Irey to a patrol box. Schot- ter was represented by Attorney James F. O'Shea. The trial board probably will render its decision early next week.| e The paper used in printing Bank of England notes is manufactured at & special mill in Hampshire, where no worker is- allowed to enter any part of the building other than the room where he is employed. _ ] W [y | BN The chart above shows the high and low, by weeks, of foréy represent: tive stocks dealt in on the New York Stock July repi volume of sales of all stoc Vall Street Journal. Industr October 26. ! s made Averages used are those compiled by xchange, from thé first week of 1921, up to and including the week ending October 27, 1923. Solid curve sents 20 industrials and outline curve 20 ralls. Lowerse-tion indicates the a new low for the year $86.01) Friday, The Year 1923 to Date on the Washington Stock Exchange. Up'to and including Saturday, October 27, 192 Furnished by 64.500—Washington Gas 4,000—Ana. and Pot. River R.R. 5s 5 and P. Telephone 1st Gs. ‘apital Traction Ist 5s.... 00—City and Suburban Ry. 1st 26,i00—Georgetown Gas Light 1st os. { etropolitan R. R. 1st fis 51,000—Pot. < 146.000—Pot. 9,000—Wash. 141,500—Wash. 274,000—Wash. Gas Light gen. and Elec. cons. 4s and Elec. gen. 6s 15,000—Riggs Realty (long) bs. .. . B. Hibbs & Co.. Hibbs Buildink. Close. 931 Low. 92 Open. 94 . 1001 87 981y 9612 30 0 High. a4 Balto. and Annap. 1st 5 103 1061 100 80 4,600—Wash. Market Uold Storage §s. 20,500—Wardman Park 6s Bhares. STOCKS, 3,213—Capital Traction 4883—Washington Gas . 5 406—N. and W. Steamboat 5.888—Wash. Ry. and Elec. com —Commercial —District National 16—Farm. and Mech. Nat. 46—Federal-American Nat. 27—Liberty National Bank —Nat. Metropolitzn Ban! 486—Riggs National Bank.. —Riggs National Bank r —Amer. Sec. and Trust 334—Continental Trust .. A5—National Savings and Trust 67—Union Trust .......... 45—Wash. Loan and Trust.. 324—Merchants' Bank and Tru 20—East Wash. Savings Bank. 20—Sec. Sav. and Com'! Bank 20—Washington Mechanics' 46—Firemen's Fire Insurance.. 100—Columbia Title Insurauce 41—Real Estate Title Insurance. 1,457—Mergenthaler Linotype 1,794—Lanston Monotype '373—Security Storage . 523—Washington Marke: ighis st. . 0 90y 8% 209 It 11 63 39 190% 133 247 29435 305 90 35015 1 UNLISTED DEPARTMENT. 50—American Com. and Savings 30—Banking Trust 280—Citizens' Savings Bank 37—Departmental Bank §—Munsey Trust 200—Northeast Savings . 46—Dist. Title Insurance. 76—Wash. Title Insurance. * Cash. Bank nd Mortgage. HOW A POOR MAN CAN GET AHEAD. True Stofies of Wage Earners and Salaried ‘Women Who Have Financial Independence. By Samuel O. Rice, Men and Found the Road to Educational Director, Investment Bankers’ Association of Americal TN he eighth of a series of twelve » (;A"'h-lso'l-': e e’.l'rlell and salaried men and ‘women who ve found the road to financial independence. The mext ome Will appesr in tomorrow's Star.) - In an automobile repeir shop of a large nationally known corporation is* a young mechanic who, without financial tralning or much of an education, combines admirably sound speculation and safe investments. He owns a little stock in the good com- Ay that employes him and is buy- rnls'ymore. That is sound speculation and commendable. t isn't an invest- ment, for always the bond olders and other creditors come before stockholders and in event of drastic business deprclllon a I::ndp.;:: managed business may. cease dividends for awhile, although they pay interest on their bonds regularly. But this mechanic sees daily how well his department is run. He knows It s efficient -and that there is little waste or extravagance. He knows how the company treats its employes and some . sense of {ts policies trickles down from the main office. He doesn't know absolutely that this big business is profitable. He Is not competent to judge that. few men are competent to correctly ness or the value of its securities. But the mechanic knows his experi- ence with the compan¥ indlcates that it is a fair, practical business. And 80_he bought its stock. This stock happens to be quite active on the stock exchange, a fact that has led bucket aHops to try to interest small investbrs in it, with the purpose of “switthing” them to some worthless stock later on. Had the mechanic been employed in some other shop and knowr: nothing of this company, except by bearsay, and had a smooth bucket shcp operator sold him the same stock: he now holds he would not have Heen speculating |in the true sense of: the word. = He would have been ganibling. He would have been buying from a person about whom he know mothing, a se- curity about which hs knew nothing. That is not speculating. It is gam- bling. _Securities should be bought only from an established, reputable broker or bond deajer, who knows and will tell the truth about them. This mechanic congiders his home an investment. It riay decrease or increase in value agd thus become speculative, but in the satisfaction and confidence it gives him and his wife, he figures that it is an invest- ment. It pays intefest in content- mate worth of any big busi- | ment and in saving jent CURB STOCKS ADVANCE. Several New High Levels Are Reached During Week. NEW-YORK, October 27.—Important features of the trading on the New York Curb Exchange in the past week were. the displays of strength in a number of industrial isgues, carrying some of those stocks up to new high records and making them travel over a wide range. Parke & Tliford was traded in on the largest scale in the first half of the week, when it made & gain of about 3 points to a new high-record. There was steady ac- cumilation of Hudson Company pre- ferred, which is. 800N to make a distribution of umuwrm ived from: its poldings of on and Man- Ihn!u,n preferred. McCrory Stores fol- lowed the declaration of an extra dividend with an lvance of 11% points to 86%, and the B stock moved up more than 10 polits to 74%. Gillette Safety Razor was in steady demand and made a ¥ain of 3 points. American Light and Traction, after being neglected forIsome time, was also in demand, advancing some 6 points to 121. Checker Cab was an- Other strong feature! making a gain of over 6 points to above 35, but other motor-stocks were heavy. Ford Motor of Canada drcpped more than 20 points because oy disappointment over dividend action. ,Cleveland Motor made 2 new low record. Something ought tc: be done o pre- vent auto makers from going intc the ‘gasoline businesc Ther bloomin' care take too. much: gasol as it is. TOOPENNEW BANK | Additional Office Located on Connecticut Avenue—Lo- cal Securities Prices. Under the authority of a permit is- sued by. former Controller of the Cur- rency D. R. Crissinger last spring, the District National Bank announces am additional office in.Washington, located 4t the corner of Connecticut avenue and K street, in the building which was re- modeled from the old Draper residence, will be opened shortly SEND PRICES OFF Reports of Heavy Purchases in Canada for Sale in U. S. Weakens Market. CHICAGO. October 27.—Estimates that 2,000,000 to 3,000,000 bushels of Canadian wheat, duty paid, had so far been ‘bought to come into the United States at 2 cents a bushel less than the price of domestic grain of equal quality had a bearish effect today on the wheat market here. Closing quotations were unsettled, %a% to %.a% net lower, with December 1.06%al.06% to 1.06% and May 1.11%. Corn finished l4a% to %a% cent down, oats at 3 oft to a shade advance, and provisions unchanged to & setback of & cents, Most of the Canadian wheat imported into the United States up to this time is sald to have been for mills, much of it to be ground into flour at various places east of Chicago. Besides, millers at Minneapolis and elsewhere northwest Col. Robert N. Harpef. president of | Were sald to have purchased liberally the bank, vesterday sald that he had delayed the work on this office because he desired to awalt the promulgation of regulations ' by the controller on jsubject of additional offices, which he had understood were in process of for- mulation, The bank has signed u lease for the Property on which the office will be lo- cated. A spacious banking room and adequate vault facilities will be pro- vided, in addition to an attractive la- dies’ banking room. Ample private parking facilities, which cannot at any hour of the’day be inteMered with, will be set aside for the exclusive use of the institution’s customers, ull and unlimited will be extended at the branch office both to new and present patrons of the | bank, Lut everything will be under the direction of the officers and board of directors of tie parent institution,” s the comment of District Bank offictals. Unlisted Securitiey Prices. BONDS. { Army 2nd Nary Club 5s | Cosmos Club 4% Cosmos Club 4148 City Club 7s . Metropolitan Ciub 4igs American_Cor Banking Trust & Mortgage . cl cks 8s pfd Christian Heurich Brewer: i Columbia Hotel Co. 1 Departmentsl o s International Bank . Miller “ontrol Munsey Trust Co. North Capitol Navings Bank . thwest Savings Bank ... Northeast Savin Savings Hank | Standard National Bank Washington Title Ins. Cv. .. Washington Base Ball Club . Moody's Weekly Review. Moody's Weekly Review of finanial conditions in its current issue says, in part: “Whether the Berlin government in view of the complete failure of its fiscal, financial and foreign policies for five years can withstand the chagrin of the German people is a question which naturally should interest America. But our forelgn trade has alreads discounted political chaos in Europe: and the worst that we Seem likely to suffer at the moment Is a further delay in the desired revival of this trade. _“Yet stock prices are clinging tena- ciously to their recent low levels. It is usual in times like these for the stock market to hold firm through October owing to the supporting in- fluence of the autumn trade; but this speclal trade activity terminates early in November. How well the stock market will hold in November in the absence of the bracing influence of the all trade is an open question. “Rubber company stocks and bonds are suffering from the drastic compe- tition which began about three vears ago. Tire shipments from January to August utterly failed to show the usual increase; and eight months' fig- ures indicate = heavy overproduction. Tires and other finished goods now being delivered are made of rubber which costs about 16 cents per pound more than.that used in 1922; and yet the finished goods themselves are bringing about 17 cents per pound of rubber contents less than the goods sold last year. Thus the margin of profit is badly reduced. “if present trends, mércantile, financial and political, &hould persist for a few month longer, we ought by next spring or summer to have in hand pretty complete foundations for another era of expansion In trade and in the stock and bond markets.” —_— COCA-COLA BREAKS. Wall Street Still Believes Coming Dividend Safe. Special Dispatch to The Star. NEW YORK, Uctover 27.—A sharp break to a new ldw occurred in Coca- Cola today and occasioned some doubt as to the safety of the $I dividend. The selling, however, was set down almost entirely to professional attack —the kind that has been responsible for conspicuous weakness in first one specialty stock after another recently. So far as can be determined from the reports of Coca-Cola operations the company will show earnings of be- tween $10 and $14 per share on the stock in 1923. Coca-Cola is running into cheap sugar, it has approximately $3,000,000 cash and owes nothing. and it is the opinion of people in close touch with the company that the dividend will continue to be paid as long as con- ditions remain as they aer at pres- nnt. BOND MARKET DULL. Saturday Trading Quiet Many Buyers Absent. NEW YORK, October 27.—Many traders were absent from today's brief and relatively dull bond market and prices drifted irregularly within narrow limits. United States government bonds receded some on limited offerings, probably because the government was not in the market. Recessions were slight, Foreign bonds were scarce, with the result that a few of the Euro- pean and South American issues pointed upward. There was a renewal of the demand for railroad 4= and numerous high- grade rallroad securities recorded moderdte gains. Buying of secon- dary rails also overbalanced the of- ferings. Trading in industrial liens and pub- lic utility issues was decidedly lim- ited, both classes falling off siightly on a small turnover. TEN NEW PRODUCTION RECORDS SUMMARIZED NEW YORK, October 27.—Ten production records that have - been established in industry during the last few months follow: Largest plg iron production. Largest cotton consumption. Largest steel ingot production. Largest crude oll production. Largest automobile and truck pro- duction. Largest residential construction. Largest velume of mail order sales. Largest construction of locomotives, Largest volume of retail sale Largest volume of railroad car loadings. Important changes that have taken place in the United Btates since the pre-war of 1913 ar: The population of the United States has increased 14,000,000 of people, with their enlarged requirements. The annual national income has in- creased from $34,000,000,000 to $50,- 100,000,000. ‘The aggregate IIVII:,I deposits nave iincreased from §$6,000,000,000 $14,000,000,000, - . . E With | notice. the | i i accommodation | | Reviewers | from Capada in the last few days. Talk of increased competition from Russia in durum wheat was also given some Enlurged arrivals of new corn made e corn market easier, despite unfa- vorable weather. Rural offerings of oats were scarce. Firmness of hog values upheld provisions. CALL STOCKS POOR GUIDE TO BUSINESS Predict Sane, Even Operations With Few Moves Either Way. Special Dispateh, to The St NEW YORK, October 27.—In the disparity between the depressed character of the stock market and the brisk condition of business in general, there has grown up a dis- positign to decline to accept the prophecy of evil in the mood of ‘Wall street. Reviewers who were quite sure we were in for a prolong- ed siege of depression are now assert- ing that the stock market is predict- ing nothing at all. In other words, fat a moment when the country turns {to it for a whisper about the future of trade, it says absolutely nothing. Husiness on Sane Basix. Business has shown no tendency during the last six days to enter upon a period of extraordinarily ac- tive operations. The outlook now fs, as it has been, for a period of even, {sane, sound business and nothing Imore. "It is not to be a time for a killing. But on the other hand, no enterprise that is economically sound has anything to fear from the months immediately ahead. There is some discussion a whether buying power has declined. Grocery sales have fallen off slightly and collections are also Showing a tendency downward. The slackness in collections is probably a post va- cation manifestation. Has buying power declined? It usually shows a drop after the first rush of seasonal activity at this tinte of the year. German Stocks Riwe. The occurrences in Europe played so prominent a part in the news columns that they need not be referred to here. Two outstanding facts in the industrial affairs of Germany m: however, be men- tloned. First. while stocks have risen to ridiculous proportions because of tire rapid decline of the mark, they have actually rigen substantially in terms of gold values. It is now figured that the gold prices of the stocks have actually gone up 100 per cent in a year. The second is that imports have fallen off in recent months, while both imports and exports are less than they were a year ago. (Copyright by U. P. C. News Service, Inc.) LIVE STOCK MARKETS. BALTIMORE, Md., October 27 (Spe- cial).—The live cattle market con- tinues quiet and values rule easy ’ favor under ample receipts yards and a light demand which is centered on cattle of first quality Arrivals by boat mostly of ordinary grade and slow to move out even at concesslons in_price. Quotations to- day at Light Street whar: Beef cattle, first quality, pound, 7 to 8. Medfum, 5 to 6. Bulls, as to quality, 4 to 5. Cows, choice to fanc; 5 to 6. Common to fair, 3 to 4. Oxen, as to quality, 41¢ to 6%. Milk cow. chofce to fancy, h 50.00 to_75.0 Common to fair, 30.00 to 50.00. Calves, veal, choice, pound, 12 to 12%. Ordi- nary to medium, 10 to 11. Rough, heavy, common, 4 to 6. Sheep, cholce, 5 to 6. .Old bucks, 4 to 4%. Common, 2 to 3. Lambs, spring, choice, 12 to 13. Fair to g0od; 10 to 11. Common, thin, 8 to 9. Hogs, straight, 7 to 8. Sows, 5 to 6. Stags and boars, 3 to 4. Live pigs. as to size and quality, 8 to 9. Shoats, as to size and quality, 7 to 8. NEW YORK, October 27.—Cattle r ceipts none; steady. Steers, 5.0029.3 state bulls, 3.0024.50; cows, 1.25a4.00. Calves—Receipts, 76 head; steady. Veals, 14.50a15.50; culls and littie calves, 8.0029.00; buttermilks and grassers, 4.0025.00. Sheep and lambs—Receipts, 25 hea steady. Sheep, 5.0026.00; culls, 2.00a 3.00; lambs, 10.00a14.50; culls, 7.50a 50. steady. Light .50a7.75. _ Pigs, hogs, 17.25a7.35; ‘Hogs—Receipts non| to medium welghts, {7.00a7.25; _-heavy roughs, 5.7526.25. NEW GOLD NOTES ISSUED. BERLIN, October 27.—The first of the new gold-loan nbtes were issued today, and the output continues. The total value of these notes to be put in_circulation, inclusive of certain others, is not to exceed 500,000,000 gold marks. MORE BUSINESS FAILURES. NEW_YORK, October 27.—Business failures reported to R. G. Dunn & Co. this week show a considerable increase, the total being 469. This is 83 more than last week and 112 more than a year ago. All sections except the west report more defaults last week, and all of them show 4 larger number than in this week of 1922, Canadlan fallures were 46, compared with 50 last week. The n of Securit; WeMDM to Sde‘lury d Clients Investing in Our 7% First Mortgage Notes Insures absolute safety under any and all conditlon: It Upholds also our established record of never having lost in elther principal or interest as much as ingle penny. Guaranteed tities and insurance policies furnished with all notes. f $100, t N f 558 325 0 e For full particulirs apply to Mr. B R . o CHAS. D. SAGER' 934 14th St’ N.W, Main 3. I a | to| have 1 1 FINANCIAL. * NEW COMPANY PLANNED. NEW “YORK; October —An- nouncement is -sxpected Menday by 1 Famous Players’ Action Hard Financial Blow to Hun- dreds of Employes. A and B stocks. It is understood 35,000,000 in cash will be t 3 to this company. = iy —_——— BUTTER IS HIGHER. CHICAGO, October higher: creamery extr extra fivste, 45%adoid firste : seconds, 41%a42. Eges higher receipts, 4.734 cases; ‘. 40a45; J et rsts, 30a3 S 27. — Butter stand Spewial Dispatch to The Star, LOS ANGELES, October 27.—An- nouncement of the suspension of pro- | duction activities at the big Famous Players-Lasky studio until such time as production costs are brought down to a common sense level deals the motion pleture industry of Hollywood | the hardest blow it has felt since it attained rank as the film capital of the world. Of the 1,200 employes of this studio, only a few high-salaried stars and di- rectors, under long-term contracts, | will continue in the employ of the company. The others, many of them well paid artisans and. experts who have been with the concern for a number of years, find themeselves thrown out of work at only a few days’ notice, and by no means cer- tain of re-employment when produc- tion is resumed. Hundreds Face Diatre In addition to the reguiar pay roll employes, hundreds of actors and ex- tra people who have been accustomed to look to the big productions at the Famous Players-Lasky for almost| certain employment find themselves | facing a period of real distress—a fu- | ture that is almost hopeless. i The authorized announcement by | Mr. Lasky says that with the excep- | g tion of the four companies now in | production all activities will cease for ten weeks, or until early in January, and that ‘the studio contemplates 4. reorganizing in the meantime. Just what that will mean to the employes who are to be let out is not clear. But it #h generally accepted as notice to all but a pititul few who have been advised otherwise that they had bet- ter look elsewhere for employment. Insiders Expected Blow. This is the first time that the Famous Players, the most powerful of all motion picture organizations, has had a complete suspension of ac- tivitiee. The suspension, however, did not come as a surprise to insiders. | Mounting costs of production, due | largely to needless extravagance and | waste, could not be checked. Some radical method had to be applied. All Hollywood concerned in any 250, $500, way with the movies has been stuns | Penenimdimce B : ned by the blow. It is feared now || %750, $1,000 and upward. that other studios will suspend or| JAMES F. SHEA curtail production. Lean days.are| 643 Louisiana Ave. NW. Miller Train Control Bought and Sold For Cash Stock in hand for immediate delivery Thomas L. Hume | 1412 G St. M. 1346 [j 1412 Eye St W 8% FIRST MORTGAGES We are oftering the above in amounts f 2,000.00 upwards. Al loans Lased on ue of property, with fire insurance ering full amount of loan. Title insurance our “attornes’s opinion furnished. No chary made for collecting quarterly interest coupon s elty considered most substantial in Florida BANK OF BOUTH JACKSONVILLE, BOUTH_JACKSONVILLE, FLA. FIRST MORTGAGES FOR SALE Secured on Improved Real Estate in the District of Columbia I | ahead for actors and extra people who depend upon chanee empioy- | ment, and their number runs into the | thousands. But, like the actors on| Broadway, and 'the sparrows when | the snow covers the ground, they al- ways seem to find a living, che faith. May Take Pay Reductions. Pola Negri. Gloria Swanson and a score of other high-salaried stars and directors, under contract, wiil not be cut off at the pay window. But do not imagine that they will not be reasoned with-—and mo ceosas fully in most cases. Most of them Bldg.. 9th & ¥ N.W. R probably will consent to have their FOR contracts moved forward so that they ||| will draw nothing during the work- ||| i less perfod. Others may consent to|“=—— = a reductfon of salary. il I DRY GOODS STRONGER. Gray Goods More Active—Yarns Also Higher. NEW_YORK, October 27.—Cotton goods markets were more active to- day in the gray goods division. Sales of finished goods showed little change. Yarns were higher and quiet. | Silks were qulet, and a more hopeful | attitude was shown toward spring | openings due to begin next month in | the larger house: Men's wear was | quiet, with dress goods and cloakings | steady. Burlaps showed little change. | COFFEE PRICES LOWER. | NEW YORK, October 27.—No im- | provement has' been reported in the | demand for copper and prices have | been easier during the week. 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