Evening Star Newspaper, October 31, 1923, Page 26

FOR SALE CHEVY CHASE AND BETHESDA A BARGAIN ooms, Hot-water Heat Best Location: $17,500.00 Ate Sis Rooms, Chiken Hov 1ot 2113, $7,250.00 $4,000.00 R. E. L. Yellott & Co. 1517 H St. MW, Main 8115, Lot Very rage. 50x115. PERPETUAL BUILDING ASSOCIATION Pays 6 Per Cent on shares maturing in 43 or 83 months. It Pays 4 Per Cent shares withdrawn fore maturity. Assets More Than $8,500,000 Surplus More Than $850,000 on be- JANMES BERRY JOSHUA W. CARR President Sreretary THE EV EN \Witches Ride Brooms Tonight, Ghosts Parade, Small Boys Run |4 Cold, White Moon Will Be Shining and Black Magic Will Make . District Merry. | This is the night when witches are)chalrman of supposed to tide on brooms, but when | rangements. s . small boys peatly ¢ 1 A Halloween celebration of magni- e S P e "":" THTRE | tude is to he held tonight at the Boys over your ash can. or tearing off the f¢)yp, 3d and C streets northwest. front gate. Frank R. Jelleff. president of the The weather man last night turned ! club, is to distribute athletic “let- lon real Halloween weather, clear and |ters” and class work certificates, ccol, with & cold, winter moon in the| Which have been won by the boy jasoliwithia calds Wit nioon | during the season. Those to rec sky. When the boys run down the|awards will include the following |alley they gan suap into it with the|members of the base ball team: IL. “pep” necessary to get away from | Cole. C. Rothery, 8. Gately, B. Del- | the irate housenolder.” who may have |Pesro, A. Ceccarelll, R. Stanner, J. been a boy himself only ye: Reno, H. Clark. H. Goldstein, J. Cole, | Local hot churches T. Panella B. Enyvart, W. Bruder, I will “celebrate tonight, with many | Shaw, E. Payne, ¢ O'Nell, H. Bir iparties and dances, at which cos- | man E. Myers, E. Hell, ¥. Cerceo and | tumes will be much in evidence, Be- | D. Walsh ginning at dark impromptu parades| Members of the basket ball team will be ged on downtown streets, | | to receive awards Include W. Brud a5 has been the custom for years Barry, A. Vita, H. Lucas, Police to Be Lenient. F. .-\hrnm?'vfli R. Shaw, Penns: Payne, J. Neumann, D. Pennsylvania avenue will see many “all: queer creatures, ranging from devils Callahan, ¥. Aaronson ta clowns. ‘The merrymaking will 3 be winked at by the police, so long | _(ymna as it is harmless fun | given by Small° boys are warned to leave | ‘White. putty blowers at home. and to re-|nor J frain from throwing flour or any othe material, and to desist from injuring iy property, such as tak- ing s off hinges. A Halloween party was held at Virginia avenue playgrour and Virginia avenue southeast, this afternoon, the children being dressed in me At the Bloumingdale and other playgrounds similar parties wore held. Tonight local No. 140, of Post Office Clerks, will Halloween lance al the Hotel, when Postmaster of the Washington city post other officials fire to be honor. Adam Mouton fs the coemmittee on ar- rday ‘ hames | D. Walsh H. Harper, B. B Finniga |and J.¢ demonstrations will T. Zeverly, [. Steffe. . Villari, T. Villari. W. Rosenthal. E. Coffee. M. Fyfe. plays to be pr Pla E. Payne, Harper, Jr.; C. G and . Patterson. will be given . Boy Scouts, by Stan- John er tanner. The ted by Guy Hary be ay hey - ona-ac include “Trysting be presented v | Walsh, R. Betz, G kins. J. ¥ Harper “The Tramp Barbe by members of Tre |ana “The Last F Gately. Barn | Smith, Darius | Rothery nd Robert | plays will be dire st The business men who are backing for $35.000° wili participants in the Hal- loween activities. ented and D, the 10th onal Fed- a Raleigh Mooney and ot SPECIAL CLUB OFFER Every home can afford one of —and every member of the family can piay it! these dandy Player Planes Think of the joy In your home through owning a fine modern player- piano! » Only a limited number Easy $Z CI Beautiful Upright Piano A charming little instrument at a very special _club _ price. What finer present to the whole family than a sweet toned rluno to give joy and lappiness for vears 10 come? 7 82 Club Terms OPEN NIGHTS Starting Thursday were secured at this low Join the club today and have yours secured. ub Terms G N HAMMOND URGES DOLLAR DIPLOMACY Trade Follows Money as Surely as It Follows Flag, He Declares. NEW YORK, October 31.—If the United States would embark whole- heartedly on a policy of “dollar dip- lomucy,” the future would be brighter for all the 1,700,000,000 inhabitants of the earth, John Hays Hammond, chairman of the Federal Coal Com- mission and internationally known developer of the resources of back- wurd nations, told the American Man- agement Assoclation at last night's ses- sion of Its annual convention. An Amerlcan commission of finan- clal experts would do more than any mixed group of international envoys to determine what reparations Ger- many could pay; would start Burope working to recoup the losses of the world war, and would lay the founda- tion for perpetual world peace, said Nr. Hammond “Trade follows a nation’s dollar as | surely as it follows its flag.” he sald. His proposal, covered in fourteen points, started with a suggestion that | an internationa) high court ot equity be established to rule on controver- | sies arising through “dollar diplo- macy,” with its decisions “published ihroukhout the world to constitute & | powerful aeterrent to dishonest prac- | tices. SHOE FIRM TO EXPAND. CHICAGO, October 81 (Special).— The Florshelin Shoe Company has bought a site for a $700,000 addition to iis present factory. The new build- ing will add 150.000 square feet of | space to the present 600,000 square | | feet COAST GUARD RESCUES 16 MEN IN LAKE ERIE Barges Flounder in Heavy Sea After Hawgers Connecting With Tug Break. ASHTABULA, Ohio, October 31— Sixteen men aboard four barges which broke loose from the tug Dixle of New York and floundered in the heavy seas of Lake Erie yesterday, were taken off by coast guardsmen last night and landed in this port. The Dixie. in command of Capt. Charles E. Scouten, jr., of New York, was towing the four barges, laden with sulphur, from New York to Cleveland. Each barge carried four men. When off Painesville the tug was unable to proceed and turned back to run with a strong wind. About two miles west of here the barges were sighted adrift by comst guardsmen, who immediately set out in the tug Vermont and a coast guard cutter. After the tow line to broke, the barges together separated Two of the barges were anchored about four miles out in Lake Eric, two miles west of here, and the other two were driven close to the shore. WOMAN LORD MAYOR HEADS BRITISH CITY By the As ted Press. NORWICH, England, October 31— This city has the honor of naming the first woman lord mayor of Eng- land. Several small towns have had woman mayors, but no city as- piring to the importance of being governored by a lord mayor ha hitlerto ctosen a woman for the post The dignity now has been bestowed upon Miss Ethel Colman, daughter of the late J. Colman, M. P.. member of a mustard-making firm. The city authorities further sur- prised male office seekers by ap- pointing Miss MacGregor to the town | to clerkship, an office usually given a local lawyer. Miss MacGregor over the heads of many nts, was chosen male applic "Now Comes the greatast of All Piano Clubs Christmas IANO Grand This beautiful 1it- tle Instrument is the :le "!u l!;r hnunmnm a Beautiful ©Xrt Ma: hogany case—dainty plain ° colonial de- sign. The ideal in- strument of every woman's heart. Easy $2 dub Terms Here Is Your Chance! Every year hundreds of prospective\ piano pur- chasers anxiously await the announcement of our $2.00 Xmas Club! This year the advantages to members are greater than ever! First, the big sav- ing in price—made possible only through quantity buying for this great club! Then the very easy terms! Every home can afford a Piano—a Player or a Baby Grand now! Don’t wait until Christmas to join! You may be too late! Come in today or to- IMMEDIA'TE DELIVFRY If you choose. All the advantages of the Christmas Club to members wanting Immediate Delivery. Thirteenth at G ARTHUR JORDAN COMPANY If You in a... morrow and make your selection! We can arrange for immediate delivery—if you choose! Can't Call Use -This Coupon Please enroll me as a member of your $2.00 Christmas Club. I am {interested Name... Address. . the Dixie | FINANCI HOW A POOR MAN CAN GET AHEAD True I Stories of Wage Earners and Salaried Men and Women Who Have Found the Road to Financial Independence. By Samuel O. Rice, Educational Director, Tnvestment Bankers' Association of America little sands of other Americans who do not know that before you inv you should investigate, not the security itself, but the integrity and the ca- pability of the man or the firm that seils it - YELLOW CAB ISSUES (This is the eleventh of a series of tweive | must be increascd, and capital must aies of Wage carners and alaried men | be supplied, If the distribution of fugucial ” independence. Tho next ane will | lrolih 18 to be increased by indus- appear in tomorrow's Star.) Y-aih commere Louis M. is a tiny, simple example One of the frequently used yard-|of the opportunity and need for cap- sticks in measuring the accumulat- 'rmx'" valuhmme’egx‘tprzrlx-s l':du.v-x | Louis runs the neighborhood grocery Ing ability of Ameriea before the iy 'an ' gutlying district in Chicage. | war was the fact that 11,000,000 per- | When the after-war depression sons had $5,000,000.000 In savings ac-| struck he liad $1.000 saved from the| ot = .| profits of his one-man grocery store | [ Cranes. That was considered qulte| ;g wished to expand his business, jsizable, but it was soon put In shad- | Lut was a bit afraid during the hard |ow when 21,000,000 persons brought|times. A young bond salesman ac- forward $22,000,000.000 In five liberty {ldentally heard of Louis and his i bond avivas sniitiy €hs Tact Oia | $1.000. He sold him a good bond ! £ by the fact that sav- | AMoney rates were high. so Louls got | ings accounts kept right on growing. | the hond at a very attractive level. Now more than 30,000,000 persons |He was lucky, too. He had bought {In this country have savings accounts | of a reputable investment bank. He ! which approximate $17.000,000,000. | might almost as readily have bought i, Many liberty bonds have gone from |a worthless piece of paper from a| | the hands of smail holders to be re- | salesman who promised 10 per cent | Placed by bucketshop receipts, doubt- | 20 per cent, or any extravagant re | T or worthless stocks or faint mem- | turn that might secm good sales talk jories. ~But the source of ail this: When the {wealth &till remains, greater than|sold his {ever before. Wages have Increased and expanded his store. ~ His and the wealth in the hands of the |increased business enabled him javerage man and woman is greater to make the first payment on a little ithan ever before in America. That | home is why bucketshops and frauds ‘are | cial independence. But he might still 80 persistent It {s the richest field | be a long way from th desirable for fraud in the world That is road if the right kind of securities also the reason why every possi- |dealer had not happened to call ble dollar should be kept in active production of more wealth. | Americans demand more of the: expanding ymforts of life, jmeet that demand for better hom automoblles and other necessities and ‘luxuriex, the produetion of wealth CALL $100,000,000 i | Standard 0il Officials Give Their Side of Products Com- pany's Action. | | By the Associated Pross CHICAGO, October 31.—Officials of the Standard Oil Company of Indiana | Value in One Day’s Trading said today that the suit of the Univer- | | a NEW YORK. October 31.—The Penn- sylvania railroad system reports for September met railway operating in- come of $8,045,660. an increase of $667.038 over last year. Gross was $67,949.619, a gain of $1,147.408, and| expenses, $54.709.385, reduction of | $643,205. For the nine months ended | Sentember 30 last gross was $589,222,- 128, an increase of §84.187.91 $480.420.550, a £ and net $68.141,66 3 period of last year. Other reporis filed cluded the following: SOUTHERN RAILWAY 102 yesterday in- 2, ! September gross.... $10,187.205 Net operating income. . Nipe months' gross....111.827.631 | Net operating income.. 20,034,710 12.801,96¢ + LOUISVILLE AND NASHVILLE. September groes.......$11.475.130 $9,534.463 Laid to Attacks by Bears. {sal Ol Products Company of Chicago | innnln-: it. demanding $100,000.0001 by 4\ gpnciated Pross. damages, was filed soven years ag0.{ CHICAGO, October 31 —Yellow Cab | | They said charges of market control |issues on the Chicago Stock Exchange | | were ridiculous, that the old suit has! ufroreq o shrinkage of $5,450,000 1 | no re ation to the gasoline market value yesterday. There were wid {and involves a patent proceeding the |yreuics’in both the Yellow Cab Manu- Universal mpany having bought a'fiu‘lurlng Company stock and the per cent interest in an oil (racmnR,\:,.-m“- Cab Company stock, carrying oce \the prices of both issues down sharp- ty. H PENNSYLVAN'A R R | Yellow Manufacturing was the . - hardest hit, dropping from an open- | Ing of $103.371x to a low of $31 a| GAINS IN INCOME |5 vinine feenis at the ciose 1o $92. This represented a net loss of | about $6,825,000 on the 600,000 shares | Bofh Gross and Net for Month of [outstanding. | ) arge Blocks Thrown Over. t September Higher Than Yellow Taxi stock was proffered in b large blocks as the stock dropped in 1922. from $126 to $118 a share. This| represented a loss of about $1,600,000 | the 200.000 shares outstanding. exchange closed the secre- rds showed thai 19,100 s of Yellow Manufacturing and | shares of Yellew Taxi had | been sold. Reports that the banks were de- manding increased margins on loans secured by the stocks were said to| have been responsible for the heav selling. Certain brokers were adv d | that the banks would require a mar- | gin of $40 a share on the issues. This| had th e effect of putting the brakes on further eculation for a rise and ga\"u the bears a chance to make Faic Break Loid (o Speculators. The issuance of 400.000 ad shares of Yellow Cab Manufacturing B stock was taken in somec quarters as an indication tnat increased loans might be asked on this issue, and pos- sibly resulted in this stock being more sensitive to selling pressure. At the office of the Chicago Yellow Cab Company the decline in the | stocks of the company and its ! 3 5 sociated enterprises was laid to sp Net operating income.. 1734427 1.279.741 | e motivity bl Net operativg income. . affairs of the company were as pros perous as ever and that ere was no 600 EMPLOYES RESCUED | ng¥s of any kind to justity the de- | By the Associated Press. COLUMBUS, Ohio, October 31.—Be- tween 500 and 600 state emploves va- cated the six-story Ohio building, at | 4th and Main streets, formerly the Hartman Hotel, in seven minutes late yesterday after an alarm had been sounded when fire broke out in the basement. No one was injured. nor was there the slightest degree of panic shown. Huge billows of smoke ingulfed the building for more than an hour, cre- ating the impression that a disastrous fire was imminent. The flames actu- ally gained little headway, however, and damage was confined principall to destruction of part of the winter" coal supply and numerous records of various departments stored in the basement. ' The fire originated in the develop- ing room used by the state architect and his staff, probably through the blowing of a fuse. It is not believed the loss will exceed $15,000. ONCE HAUGHTY SERVANTS; NOW EAGER TO GET JOBS LONDON, October 30.—Six months ago housemaids and cooks visited the employment agencies rather disda fully and inspected and interviewed | the mistresses, who frequently sat for an entire day waiting to get| servants. But the situation is now ! reversed and mistresses are having thelr inning. Scores of housemaids and cooks are now waiting in every employment bureau, eager to accept any position which offers satisfactory food. Factories and shops are closing in such large numbers and food is so scarce and expensive that women who can cook and do housework are eager to find positions, especially with for- cigners, whose money would insure a better food supply. SHORT-TERM SECURITIES. (Quotations furnished by Redmonl & Co.) ~—Noon.— Bid Aluminum Co. of Amer, Ts 1925, 102 Ameri C ‘m.,‘ 100% 18, Typewriter Earnings—U. S. Steel | Helps Market—Financing. NEW YORK. October 21.—The Un- ! derwood Typewriter Company an- nounces that net profits for the quar- ter ending September 30 aggregated $488.468, as compared with $341,993 for the third quarter in 1922 The Cerro de Pasco Company has called $1,650,000 of its convertible [ sinking fund 6 per cent bonds for re- demption January 1, 1924, at 105. The | bonds may converted ‘into { until that date. when interests cease: The action of United States Steel di- rectors In declaring 4n extra common stock dividend of one-quarter of 1 per cent had a stmulating_effect on practically the entire siock m at the opeaing today. Buying of nited States Steel and the independ- ent shares was spirited both for the long account and to cover short ac- counts. The extra dividend calling for payment of $1,270,000 does not make much of an inroad on the corpora tion's cash and Investment holdings which amounted at the close of bus ness last year to $319,000.000 Subscription books were closed early today on the offering of $5.000,000 Canadian Pacific rallway 4 per cent coupon consolidated debenture stock. 1t is understood the Maxwell Motors Corporation will soon be in the mar- ket with an offering of $6,000,000 fif- teen-year notes, the proceeds to be notes due June 1, 1924, and for addi- tional working capital. RADIO VS. TELEGRAPH. NEW YORK, October 31.—Radio is not making any progress against the cable, asserts Newcomb Carlton, pres- ident of the Western Unlon Tele- graph Company, who salled on the Mauretania yesterday. He sald that earnings of his company are running neck and neck with last year, but business actually 1s about 10 per cent less than it should be. earnings of the company have been very satisfactory, said Mr. Newcomb. MINES TO SHUT DOWN. ST. LOUIS, October 31 (Special).— About 65 per cent of the mines in the tri-state district of southwest Mis- souri, southeast Kansas and north- west’ Oklahoma will close for one week beginning November 3 to re- duce surplus 6tock in hope of better- ing the ore market. Last week's pur- chases of zinc by smelters, 19,500 tons, were the heaviest In six weeks. The ore sold at $4 a ton. ES (Q“ a n Northern 5igs 1824.... Argentine Rwy. 6s 1927 5les 1926.. Leather Federal Sugar Fisher Body Corp. 8s 1927.. Fisher Body Corp. 6s 1028, Goodyear T, & R, 8s 1881.... Ureat Northein Ts 1986, TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ———Noon. Humble Ofl ks 1982. Rate—Maturity. | sPokesman depression passed Louis | bond at an increased price | Louis is on the road to finan- | on} him. for Louis is llke so many thou- { INVIOLENT BREAKS Shrinkage of $8,450.000 in: | propertic | wil | ter has_been kept absolutely in { flect be used to redeem $4,300.000 short-term | { me On the whole | AL, BUSINESS “COUE" 1S NATION'S NEED “Getting Better and Better,” Will Restore Confidence, Says Expert on Credit. Speeial Dispateh to The Star. CHICAGO, October 31.— Business right now Is in a “sentimental” con- dition, according to delegates to National Association of Credit Me: convention, in session here. But, says J. F. O'Kcefe, secretary of the Chi- cago association and authorized for the convention, th outlook for the future is reassuring “The federal reserve banks are in better condition than they were dur- ing the peak period of the war,” Mr. O'Keefe said, “but business is in the Pposition of a man who has been sick and. though on the upgrade toward recovery, does not w. to trust his legs. What we need. above all else, |is a business Coue to get us ail tc saying that ‘every day in every way business {s getting better and b Strengthened co all that [ needed.” dence iSugar Cane Harvest Begins in Louisiana Special Dispatel to The Ktar. NEW ORLEANS, Octol vesting of Louisiana's ¢ cane has begun. and the first sugar is expected on the market thi A ¥mall amount of sirup alread been received and sold at $1 gallon. Early grinding returs dicate that the vield will vointing, and som thorities Lelicve the cent estim crop is would average r 31 —Ha op of s 000 tor too high for ten | Retail Store Sales Way Ahead of August Special Dispateh to The Star. HOUSTON. Tex., October partment stores’ saies in th 1k west during the month ended Octob 15 were 45 per cent in excess o August sales, while four of the reporting lines of the whalesal de showed substantially larger olumes of busi than = for the preceding month, according to th Tederal reserve monthly T bank's view. Retail buying is still conserva tive SHIPPING TONNAGE DROPS DURING YEARS Lloyd's Register Reports Britain and Ireland Built 295 Vessels. United States But 16. 21 By thie Associated Press. NEW -YORK. October world’s new shipping tonnage listed by Lloyd's register of shipping was 1,616,225 during 1922 com- pared with 2,525,992 the previous year, according to the register's an- nual report. During the year 300 vessels of 625,000 tons were broken up and dismantled. Of 429 vessels classed during the ear, at Britain and Ireland built with tonnage of 1.1 while the United States built but si teen, with an aggregate tonnage ¢ 45,114 —_— RAILWAY EARNINGS ARE ! LESS THAN 5 PER CENT NEW YORK. Oc liminary estimates September ear! made public net railway 31.—Pre- upon the & atements alread: indicate an agaregat. operating income ot class 1 roads of abuut $102,000,00 This compares with § 000,0 ecord ed in September. 1922, and falis just short of a 5 per cent return on the tentative valuation of the railroud tor naking purposes. carn @ return of & per cent the September net_should be §124.107,000 for a 5% per return the net should reach $i18 b The reports thus far tions far from u iajority of the GARY SPRINGS COUP. Completely Fooled Wall Street Extra Dividend. NEW YORK, often been asserted by Wall Stre.t epeculators that the market know cverything in advance. The inevitab leak will «ppear, they say. Jud ary has knocked that tradition int« a cocked hat by springing sn extra dividend on the common stock of the Steel Corporation as a complet surprise. Tnls is the first time in the memory of the oldest Wall Stree habitue that such an important ma:- the failed to re coming of the October 31.—It b Even the stock in advance the dark. event. PROMISES DIVIDENDS. Tobacco Products President Issues Statement. NEW YORK, October 31.—Payment of dividends on the common stock of the Tobacco Products Corporation soon will be made possible throuzi the transfer of the company's brands and manufacturing assets American Tobacco Company., L Dixon, president of Tobacco Prod- . announces. Stices were sent to Tobacco Prad- ucts’_stockholders, calling a spec ting on November 15, at Rich- mond. Va., to ratify the contract with the American Tobacco Company, Its { terms call for the retirement of $4 000,000 ten-year 7 per cent gold notes, issued in 1921, and for the re demption of the company’s 7 per cen cumulative preferred stock BIG MARKETING PLAN. One Agency May Sell 500,000,000 Bushels of Wheat in 1924. Special Dispatch to The Star. . MINNEAPOLIS, October 31.—Norti western sponsors of co-opera marketing today predicted the unio of the four major organizations rep senting the bulk of the wheat-pro- ducing areas into one markeling agency. This agency is expected 1o sell approximately 500,000,000 bushels of wheat in 1924 PINEAPPLE CROP OFF. Hawaiian Yield Smaller Than Last Year, Packers Report. Hocking Valley 85 1024. Bla. ofter. 0 15-16 100 908132 100132 10012 1001 100 2752 100 3132 100% ° 101 100932 100 13-32 99 15-16 100 116 48 December 15, 1923 434s March 15, 1024.7. 4149 March 15, 1924. .. 5%s June 1Z.'19: 5148 September 15. 1 4% March 15, 1625 43- June 13, 1923... Kapsas Cit ‘erm. 6s 1023.... | Kanase it Copper 7s 198000 1 e tatate Tel. ba 1924, | dienigaz, 3. 815 1691 st | Morrls & C Penna. R. K. st. Paul Us Swift & Co. B8 1 Tidewater Oll 6% Ui.on Tank ¢ U, 8. Rubbe Westers Unl ! Westinghouse 48s December 13." 1925, 4%u March 15, 1926.....0 diga September 15, 193 53 Mareh 13, 1927..... 43s December 15, 1927 1 o5 190 L. & M. 7s 1931 Special Dispateh to The Star. SAN FRANCISCO, October, ‘31.-- Hawail's pineapple crop will be ap proximately 750,000 cases under last Vear, when 6,000,000 cases were h Jested, according to A. H. Tarieton, secretary of the Hawaiian Pineapple Packers’ Association. Better prices, however, are expected to bring ro- turns of about §30.000.000, an increage of $2,000,000 dollars over last year.