Evening Star Newspaper, November 4, 1923, Page 39

v FINANCIAL. Local Bond Houses Interested in Tel. & Tel. $100,000,000 Issue Offefing Already Taken—New Financ- ing to Help Expand Service—Prices of Unlisted Securities—Notes. The American Telephone and Tele- extent that Investors will not freely 000 buy ralirond stocka and bonds, graph Company has sold $100.000.000 By, CO00 SiTHTR, “for this state of twonty-vear B3 per cont stnking |ymaite XSt Lo S Her, in funa Fold debentures to a powerful | the lnst analysis, on the a;houl‘rrn of New York banking syndicate, which thfi public. To restrict the railroa o srems to have been an avowed object will offer them at 98%%, to yield about | o¢" pyyiie poliey for the lust fifteen | 5.63 per cent. The syndicate will be | yeara TLack of tull apnrecintion on | 3 s |the part of the public of what defi- participated In by practically every |t cient transportation means is primar- Jocal bond house. The books will be \jyy osponsible, Mr. Herr raasons. | opened at 10 a.m., and, it 13 expected. | Efforts on the part ?, e ,,,,,‘nni will close simultaneously, owing to |offictals of New York city ta organize .tthe bank clerks of that metropolis the unusual attractiveness of thel,.p.,r'to be petering out, according issue. & |to reports emanating from tnere. It | The new financing will provide the Bell Telephone system with funds for ditions and betterments to meet the steady demands of the public for in- is understood the clerks are joath to creased telephone service and to re- consider any such proposition with- out the support of the personnel of tire $40,000,000 five-year 6 per cent notes duc February 1, 1924 With the larger institutions, where thou- sands of clerks are emnlo d‘ this new financing the funded debt o ¥ will be $37.000.000 le: his support is, appa A similar movement broached in certain institutions here, but the idea has never taken root. than it was in 1920, while the capit: since that date has increased | tute of Ban oc {solidly set agal Dy over $300.000.000. o+ the com. | Stitite hore makes & speciaity of ob- ’ a cer | taining everything possible for its P T fvershtereu: | members, and officials belleve that v atest accomplishments in the charges. and for the current year it |Ereate o estimated that the net earnings for | banking world do not grow from for. < | This is partly due to the wide Inter- 21 | est manifested in the American insti- king, which. #s a body, is t unionism. The in- THE SUNDAY ST. é& WASHINGTON D. G, NOVEMBER 4. STOCK VALUES GAIN VER S00010 $25,000,000 Advance in Steel Common Alone in Two-Day Sensational Jump. BY HARDEN COLFAX. Bpecial Dispateh to The Star. NEW YORK, November 3.—Ad- vance in Wall street stocks during the two days Immediately following the declaration of the extra steel div- idend amounted to betwe 000 and $500.000,000. Subsequent r RANGE OF - l- =Qus HENEENREE B O ™) o R PR O MARKET AVERAGES yllll!lnill I actions due tu the forelgn situation | reduced this total, but the net result of the spectacular upturn In prices— the like of which has not been seen in recent years—h heartening of American industry, which cannot be measured In doll nn_g cents. he cause of the $500,000,000 ad- vance in security prices was almost insignificant when compared with the effect. The one-quarter of 1 per cen extra dividend on United States Steel ommon amounted to $1,260,000. The harvest was 400 times the volume of the planting. 8. its 5,000,000 outstanding shares. '8e | rise in this stock was twenty times | the amount of the gxtra @ividend. been a general | | 1 JANUARY COTTON - GETS UP T0 32.18 Saturday - Market Soores'October Bookings Showed ‘ Further. Advance—Buyers -Become More Cautious. By the Associated Press. NEW YORK, November 3.—A con- tinuation of yesterday's excited. huy- ing movement In cotton sent the price of January contracts up to 32.18 dur- ing today's early trading, or 58 points above yesterday's closing quotation, and all months made new high mecords for the season. Reactions fol- lowed undér heavy reallsing, with January seHing off to 31.80 and clos- ing at 31.85. The general market closed steady at a net decline of 3 points on December, but generally 10 to 38 points net higher. Advanee at Opening. The market opened firm at an ad- vance of 23 to 66 points on present crop positions and of 10 to 20 ponits on the next crop. There were many overnight buying orders around the ring and within the first half hour active months sold 68 to 70 points net higher, with December advancing to 32.90 and March to 32.3: FINANCI QUTLOOK FOR STEEL PROVES PUZZLING Little Improvement—Re- view of Other Metals. By the Associs ted Press. NEW . YORK, November 3.—The steel situation has become complex. with the result that the trade is con- | siderably puszled over the outlook. There appears to be sufficlent new business in sight to justify expecta- tions of Increased activity, as the rallroads are expected to buy heavily and exports to Japan for reconstruc- tion work undoubtedly will be large. Automoblle manufacturers are look- ing for supplies, but it 1s/ admitted that October bookings showed little Improvement over September, and buyers continue to hesitate about placing new orders. Plg iron, with accumulating stocks, 1s weak, despite reduced production. Copper became firmer in the past week as a result of an improved do- mestie demand and firmness at Lon- don, later attributed to culative buying, and an increased demand for European consumption. Tin ruled steady, with dealers the principal buyers. American dellveries interest will be nearly seven times |cible methods. the annual interest charges after this financing is fully effecti -c. At this time the American Tele- phone and Telegraph Company has | 747,000,000 stock outstanding and | $226504.800 funded debt, or a ratio of stocks to bonds of about three and a half to one. This is exclusive of the new lIssue, There is $1,000,000,000 { stock authorized. The Bell system as a whole has| £883.435,018 stock outstanding and $662,281,625 funded debt. The American Telephone and Tele- graph Company has made available the greater part of the capital which | has been used to buy materials and pay for labor to build the properties’ The Washington Chapter 18 perhaps one of the best organized bodies in the national assoclation. A monthly publication, Dollars and Sense, is full of wholesome and instructive matter for those aspiring to poeitions in the banking field. The second-year class of the stand- ard course has nominated candidates for class offices, which will be voted on following the meeting on Novem- ber 8. Nominations President, 3. Paul Foley, Liberty National Bank, and Donald Cameron, Federal-Amerl can National Bank; vice president, Katherine Krelg, Riggs, and Clarence Curtis, American Security una Trust Company; treasurer, Otis Hester, Federal Reserve Board Flor of the Bell system. | The American company, therefore, while operating the long-distance lines throughout the country and performing various important serv- | g, ices for the twenty-five assoclated companies, s also the principal finaneing agency of the Bell system, investing the proceeds arising from the sale of its own securities in the stocks, bonds and notes of these operating companies. The American company owns, dl-! rectly or indirectly, about 90 per cent of the voting stock of assoclated com- panles, Herr Pleads for Raflroads. Expansion of the nation's transpor- | tation facilities at a rate correspond ing_with traffic demands, which double about every twelve years, was | urged In a statement last week by E. M. Herr, president of the West- inghouse Electric and Manufacturing Company. The present transporta-! tion situation was described as| “menacing,” despite herolc efforts on the part of raflroad managements. In order to effect the developments and improvements necessary to ade- quate growth railroads must be able | 10 obtain ample capital—many hun dreds of millions of dollars a year— 10 comstruct new lines, electrify, stralghten curves, bulld heavier bridges, buy new’ locomotives and ;M cars and modernize terminals, clares Mr. Herr. But, present restrictions, the margin be- | Nortbeast Savings B: 1ween rallroad revenues and expenses} Bark Savings liank has become 8o small.that the needed ; & ngs ‘"I‘_ money cannot be readily borrowed. | § e In other words, the credit of the rail yoads has been Injured to such an 0 BOY SCOUTS The scouting program for Novem- ! ber is: November 7, scout leaders’ training course, George Washington ! University, 2017 G street northwest. November 9, court of review, division Wallach School, 7th and Pennsyl- vania avenue southeast, 7:30 p.m. I court of reviews, division 7, E. V.| Brown School, Chevy Chase, 7:30 physiclan p.m.. November 10, Armistice day,'court of :Ilonlorluxgillr‘;f'llllgl the h.\Dl'.l i parent sical sability = whicl Arlington (all scouts of Washington FLieos 1 Piipocaible for him to meet and vicinity); court of review, div-|the prescrihed reauirements. It is islon 6, Boys' Y. M. C. A., 7:30 p.m.; | further recommzndedl lha'.h scouts | first aid and signaling, 6:30 to 7:30 | making application for the new iachievement badge be encouraged to p.m. November 10 to 17, chlldren’s cyercise thelr own Initiative and book week. November 14, scout lead- | judgment In_devising and passing ers’ training course, George Wash- some test within their physical ca- ! ington _University. November 18, pacity as evidence of their scout court of review, division 3, Epiphany | spirit and their eagerness to develop | Chapel, 230 15th street southwest, | !to the fullest their abilities. ! November 17, court of review, division | The achievement badge I8 to be in | 4, Powell School. November 21,:both metal and cloth, The gcloth scout leaders’ training course, George badge i3 to be worn on the sleeve Washington Unlversity. = November with any merit badge subsequently 23, court of review, di 8, Ana- awarded. Because of the man: M. 5. Chtiren. November 24, | pealing’ cases of deserving an | division 6. X. 3. C. A. jclent scouts, displaying in their dally ! November 28, scout leaders’ lratnlns lives highest ideals of scoutin, course, George Washington Univer-iwho because of physical handicaj l sley. November 29, Thanksgiving have been hindered in official good turn. {vancement in rank, the‘organization, ence Senge, Federal-American, and Willlam S. French, American Secur- ,uy and Trust Combpa publicity Garrett M. Van Hoesen, econd National, and Charles Fade- ley, Riggs. Nomination of Jullan O. Cardin of the Northwest Savings Bank goes uncontested. Prices of Unlisted Securities. The following “bld” and “asked” ‘nflces for securities on the unlisted department of the Washington Stuck Exchange is quoted for the zuidance of holders of these securities BONDS, Army & Navy Club Bs. Cosxmos Club 48 i Cosmos Club 4 | Sty Club Metropotiian Cidb” 4% STOCKS. Anacortia Bank .. | American Com & Sai | Chapin-Sacks | Chapi-Sacks 8 w1, Chapin-Sac Savings Hlnl 3 Departmental ani - | Bistrict Title tasuraice Co. shingion Hase © odridge & Langdon |en to create an achievement badge | for physically handicapped scouts | Fecognition of certain requirements, { which badge will permit them to take up any of the seventy merit badge | subjects without modification. The | present decision nowise moderates or lowers the regularly prescribed standards of scouting; it rather rep- resents a means by which physically disabled scouts may be encouraged 0_maximum achievement. To qualify for the achievement | badge the scout will proceed as for ; second and first class rank, except that he shall also present a written signed by a registered ! application addressed ~to the local | 100 Stocks Carefully Studied. All of which has demonstrated in & new way just what a single big out- i It seems definitely to for a time, curity values market about in values. let ¢ long flu:llnn In and tuined the entl: face abruptly lO'lln‘l In reachin 8 900,090 1o, $5 000 000 as the measure the total two-day advance in Hotocks your correspondent used as a asis 100 of the chief stocks actively dealt in immedlately after the good | dividend | | news concerning_the steel was announced. There are about 450 issues—possibly a few more—shown on the Wall street tickers on daye when the trading is fairly active. The 100 shares whose advances were totaled have Dutatalldlnz amounting to $8,47 0 par In measuring the atai of ‘thel vance the number of shares outstand- ing in each company has been muiti- plied by the Increase in the selling price of each ehare. Figures Reach Big Totals, Take, for instance, the Standard Oils of New Jersey and California. These two companies appreciated In value to the extent of $25.000,000 dur- ing the first day of trading after the declaration of the dividend. The lat- ter company has outstanding almost 10,000,000 shares of a par value of $25 each. The total issue is measured at | about $243,000,000. shares advanced, during the first da: $1 a share, or for a total of $10,000,- 000. The Standard Oll Company -of New Jersey has outstanding almost 20.000.000 shares of a $25 par value, 000,000. Shares of that company ad- vanced 756 cents each, or for a total of $15,000,000. On the basls of 100 issues consid- ered the total advance In prices, me: was !ing after announcement of the extra dividend. The advance continued during the next day to an extent sufficient to carry the 100 ward almost amother making combined total of $250,000.000 for the two days. Scores of Issues rose $1.000.000 or the first d trad- ing. Among them were American Can, which later receded, whose marked-up price aggregated about $2.300,000; Anacon ‘opper, about 200,000; Santa Fe, lbolll $3.000,000 itimore and Ohlo, about $2.000.000 Baldwin Locomotive, about $1,100,000 Chicago and Northwestern, about $! 500.000; Crucible Steel, about $1,80 Cuban-American Sugar, about u 125,000; Great Northern preferred, about $2500,000; International Har- vester, about $4,600, 000 anlonnl Bls- cuit Company, bout_ $2 York Central, abonl $4,700. oon Read- { ing, about $2,800. Reynolds To- bacco, about $3. 250000. tudebaker, about $3,800,000; Union Pacific, about $1,650.000; ‘United States Rubber, about $32,100,000, and Utah Copper, about $3,400.000. —_— FOREIGN BONDS STRONG. Several High Marks Reached in Saturday Trading. NEW YORK, November 3.—Att tion in today’s bond market was c tered largely In the secondary ral road mortgages and some of the for- eign government bonds; the voiume of transactions continued large despite the half-hol howaver, ‘were small for '.ha most P ew high prices for the eatablished by the Belgian Republic_ of Colombia 638, and some of the issues found hener support. ~ Sigable buying orders for| he Seaboard Alr Line A 'ment 58 Dlllhad these bonds up nearly 2 points Buying on yesterday's small crop | were 1,000 tons larger than the pre- figures was stimulated by the strong | vious month, and local stocks showed ‘The chart above shows the high and low, by weeks, of forty representa- showing of Liverpool and reports of continued rain in the south. The lat- ter were accompanied by numerous private advices clalming further dam- age to the. grade of cotton, if not to the quantity of the ylelding. Atcord- ing to one of the reports received from Dallas, even It the crop amounts to 10,000,000 bales its spinning value will not be equal to more th 000 bales in an ordinary (rlflo . s became a little more 32-cent level the demand tapered off the mlrket ylelded more readily to realizing sales or southern he llnl tau- how- | wall Street Jour Those 10,000,000 | iday session. Net changes, ' i tive stocks dealt in on the New York Stock Exchange, from the first week of { July, 1921, up to and Including the week ending November 3, 1923. Solid curve represents 20 industrials and outline curve 20 rails. Lower section indicates volume of sales of all stocks. Averages used are those compiled by the - The Year 1923 to Date on the Washington! Stock Exchange. Tp to and including Friday, November 2, 1923. 65,600—Washington Gas 6s | _4.000LAna. and Pot. River R.R. 56,000—C. and P. Telephone 1st b 1188:500—Capital Traction 1st _5s 9,000—City and Suburban Ry. 1st i 36:800—Georgetown Gas Light lst 55 3,000—Metropolitan R. R. 52,000 Bot. Biec. Power 1t 5 147.000—Pot. Elec. Power cons. 33,500—Pot. Elec. Power deb. ! 59,600—Pot. Elec. Power gen. 0l 9.000—Wash., Balto. and Annap. 1st 6 1144.000—Wash.' Gas Light gen. bs. and Elec. cons. ol Power 68, 1.500—Dist. of Col. Paper M, 16.000—RIggs Realty (long) os. 4.600—Wash. Market Cold Storage b 20,500—Wardman Park 6 Ehares. STOCKS, 3,349—Capital Traction . 4,923—Washington Gq 406—N. and_W. Steamboat. 5.986—Wash. Ry. and Elec. com. | 6.456—Wash. Ry. and Elec. pfd. i 25—Capital National Bank 524—Commercial National Bank.. 106—District National Bank.... Farm. and Mech. Nat. Bank. 46—Federal-American N !’l—l.n-m\ National Bank Metropolitaa Bank. s»rnggs National Banic. | Riges National Bank rights. 100 { nd Trust. i 0 1953 68 | | §7—Union Trust : 45—Wash, Loan and Trust... v % H 424— Merchant i 1273 | 2u—East Wash. Sovings Bank 19% | 0—Sec. Sav. and Com'! Bank. 26 30—Washington Mechanics' 3 I 46—Firemen's Fire Insurance 100—Columbla Title Insurance. xl 41—Real Estate Title Ins 11,483—Mergenthaler Linotype 1799 Lanston Monotype ‘373—Security Storase 523—Washington Market s ~ UNISTED DEPARTMENT. 50—American Com. and Savin 30—Banking Trust and Mort 2o0—Cliizens’ Savings Bank. 37—Departmental Bank . { 8—Munsey Trust .... { ' 200—Northeast Bavin i 46—Dist. Title Irsu 76—Wash. Title Insy # Cash. Winter’s Approach Heralded | i . By Changmg of Stars in Skies § 156 73% | 246 35 13 | un l 6% . 102“1 15 15 17 % |and ° that Lancashire | A message recelved_here from New Orleans sald that there had been a £00d deal of hedge selling there dur- ]lnl the morning, which some of the ocal traders took as suggesting that | southern spot holders were willing to sell freely at the present prices. — Further trade buying was report- ed on the late forenoon n-ctlonl ol however, was wl;hln a few points of the lowest. Private cablés reported that trade interests were buying actively in Liverpool demsnd for actual was increasing. {NEW HIGH LEVELS IN BUTTER PRICES % {Shortage and Decreased Output During Week Cause of Ad- vance in Charges. By the Associated Press. CHICAGO, November 3.—A shortage of fancy, fresh butter, due to de- creased production, sent prices to new high levels for the season, according to the Weekly Review of the federal bureau of agricultural economics, is- sued today. Wholesale prices for 92 score but- ter on November 1 had advanced to 50 at Chieago, 61 at New York, 60 at Boston and 51% at Philadelphia. As a result of the scarcity of fancy fresh butter demands for intermedi- ate grac and storage butter in- creased. The report of the American Cream- ery Butter’ Manufacturers’ Associa- tion showed a production decrease in the make at 109 plants for the week ending Ootober 27 of 4.03 per cent. jcompared with the preceding week, | and an increase of only 1.17 per cent over the corresponding week last year. For the same week the Minne- sota Co-operative Creamery Associa- tion, Inc., reported a decrease in the make of 200 plants of 8.7, compared with the preceding week. A e COFFEE UP TO 12 34 CENTS. NEW YORK, November 3.—Copper ! has been firmer on an improved demand for both domestic consumption and ex- port. Offerings of electrolytic at the 12!/;c level have been either absorbed or | withdrawn and today’s quotations range | net decline uncha Iron un- | from 128 to 12%, delivered. settled, with prices & shade =asier on | some es. BALTIMORE PRODUCE MARKET | BALTIMORE. Md., November (Special).—Current receipts of nrlct- ly fresh native and nearby eg have continued extremely light !he past week and the market closed to- day pncxluny bare of desirable stock | at a dozen, an increase of &' over last Saturday's - quotation. A “strong demand prevalls for thll character of stock, and. while there are fairly large offerings of western and southern so-called fresh, , | {after special and symplthetic consid Boy Soouts of Washington and gration, has arrived at the foregoln vicinity will observe Armistice day decision. by placing a wreath on the tomb of | the unknown soldier at Arlington. Thess exerciges will ‘be held NoYem: ber 10. The wreath will be provided by funds contributed by every scout ! Eagle Scout A. T. Wilder, winne: of sixty merit badges and c‘pt.ln of the Oxford Swimming Club, oremars of ihe Merion. Sollepe atett to 40, a new high for the year. The closing price was 39%, up more tha: a point on the day. Other rails which articipated in the advance included Frisco, loullvllla and Nashville, St. Paul, Rio Grande and heubelke lnfl onlo High-grade In i In the midst of the autumn season the approaching winter constellations begin to displace those of the sum- mer skies now passing from view. most buyers prefer to pay the pre- !mium for nearby goods. Hence liberal of the“ dark region, known as the shipments are advisable the coming great “South Tropical Disturbance,” Whose motion In decreasing longitude | o Is swifter than the Red Spot's motion. | ly. The motion of those phenomena~on i The Seneral live poultry market | | rules steady under only fair receipts an increase of 1,317 tons Lead was unchanged, and In rather poor demand, although the reduction of stocks on previous orders operated to steady the situation. In zinc, although consuming de- mdflwu light, . muroh was & M:_t&r .viie, due to ine good business In gal- VIIIM sheets for Japan. { ntimon. continued strong at l‘dlly rising prices, Influenced by | light China shipments resuiting from political conditions there. ABANDONED COTTON ACREAGE INDEFINITE Department of Agriculture Fore- oast Used Tentative Estimate, It Is Announced. In forecasting a cotton production of 10,248,000 bales for this year on the condition of the crop as of Octo- ber 25, the Department of Agricul- ture, it was announced yesterday, used a tentative estimate of the acre- age abandoned, which was placed at 6.1 per cent of the acreage in culti- vation June 25. A statement supplementary ta the gotton report, lssued at the Depart- f Agricultur id: 'I'hl lvarl‘c yleld of 128.1 pounds of lint cotton per acre is a computed | figure. derived by dividing the total forecast production by the June 26 estimate of preliminary acreage In cultivation on that date. Since the; acreage abandonment flgures are | tentative and subject to revision on December 12, when the estimate of the percentage of acreage abandoned has always been announced, the de- partment has not published an esti- mate of the net harvested acreage for the 1923 crop. “The department, therefore, has not published a yield per acre figure ap- plicable to the acreage in cultivation as of June 25. The estimated yleld per acre of 128.1 pounds, therefore, is lower than .a yleld applicable to the harvested acreage, and is not smcny { comparable to the final estimate 141.3 pounds for the crop of 1922, a ‘ a ten-year acreage yield of 164.3 pounds per acre. An estimate of the | yield per acre applicable to the har- | vested acreage will not be made un- til the regular date, December 12." The tentative estimate of the acre- age abandoned by states is given as ! follows, with the ten-year ““:'21)( average acreage abandonment: ‘Texas, 2.3 per cm, compared wlth‘ 31 per cent, the tén-year average;: | Seorsia, 116 and 2.8; North Carolina, | South’ Carolina, 1.5 and | Allb ma, 4.0.and 2.3; M sl 2.3; Tennessee, 5.0 and 14 Mis!ouri 8.0 ana 3.6; Oklahoma, Is .0'and 5.2. | SPOT COTTON UP 50 POINTS. NEW ORLEANS, La., November 3.— (Cotton futures closed steady at the ed to 10 points up net. Close un’ December, :uo &31.85; January, 31.77a31.85; March. 31.70a31.75; May, 31.55a31.64; July, 3. Spot steady 60 po(nu\ hllhar' ‘middling, $2.00. —_— COFFEE FUTURES UP. NEW YORK, November 3.—The mar- ket for coffee futures was higher today, ' owing to higher Brasilian cables, cover- ing and trade buying. The official ca- ' bles showed an advance of 164 pencs in n London, with a de- Cline of 20 rels in ehe olar buying rate. Rio market was 200 to 375 rels higher and Santos showed an ad- vance of 200 to 1,050 rels. As yesterday was a holiday in Brazil, thers were no crop_movement figuras available. week while conditions rule so favor- i AL. The Margin of Sacurity We Demand to Safeguard Clients Investing in Our % First Mortgage Notes Insures absolute safety under any and all conditi It Upholds also our established record of never having lost in elther principal or nferest &8 imuch a8 o single penny. uarantee 5 farn'shed with &Il notes. o oce Polieler Notes of $100, $250, up to $5,000 Now on Hand For full particulars appl 0Donmell, Loan Department. > ** M CHAS. D. SAGER 924 14tk St N.W. Maln 36. T FOR INVESTMENT | FIRST MORTGAGE LOANS Denominations $100 to $6,250 Interest Rates 61,% and 7% All loans secured on modern homes and busi- ness property in best northwest sections of the city. Ask for Information — RRIS.CAFRITZ CO » origage Department l 913 I!tll St. NW. Main 617 e Miller Train Control A limited amount of stock for sale at $3 Thomas L. Hume 1412 G St. Main 1346. A F ree Booklet —that points the way to INDEPENDENCE A Simple Plan —that helps you to attain it INANCIAL independence for any man or woman of moderate income is by mo means an unat:ainable goal, It is a goal that can he—and would be—attained by count- _ less thousands if they fully realized how fast even small savings will grow when safely, continuously and profitably in- vested. Our free booklet, HOW TO BUILD AN INDEPEND- ENT INCOME, describes a plan of financal independence that is safe, simple and sure for any one who invests $10, $20, $30 or more a month, at 6%% to 7.13% compound in- terest in our First Mortgage Investments, Between the vigorous age of 25 and the retirement age of 65 a man or woman can amass more than $22,000 sim- ply by making a first payvment of $10 and then putting aside only $10 a month at 61%% compound interest. $20 a month will amount to over $44,000 in the same period; €30 2 month to over $66,000. The coupon below will bring you our booklet without any estment rallroad mortgages also Venus, after having been In the Slsplexed "’.’.‘."‘,,.,1'."".’-{:1‘"?,:;‘,““ {morning sky since the first of the utility” llens was within a narrow year, will be moving eastward faster, area, net chnl s barely shading up than the sun. Toward the end of for down in a majority of Instances |November It will be ssen in the the disc of the giant planet is at: resent the center of astromomical nterest. ‘When inose obfect: proach, at first the Red Spot is re- then its motion forward Is accelerated. troop under the District of Columbia counctl but will be i behalf of th jcou! ol T en rooms will assembie. at | Plored reglons around the ice--capped at the Fort Myer tralns to Arlington ' island of North Eastland, cemetery at 10:30 o'clock Saturday | obligation whatsoever. It is a book of facts that prove how easy it is to have an in- dependent income. Send for it now. and demand centered principally on - | choice stock, and small fowl, both | young and old, are plentiful and slow | to move out, even at the discount | quoted. Large springers bring 24 a | pound‘ small to medium, 23, but leg- | expednition now making headway In the frozen arctic for hitherto unex- . the scout is b? n {:;:rmnfinlnd n::la;lc;!exr ‘:nflh.n:g':he:‘|p‘"fim m:)eun‘ of Tn”'wpl 70, "'m unknown = resident’s Own,” at the rs ercises. Troop 49 drum and bugle byterian Church last week on l corps will Ic.?‘l the p;weulo%h T u:s ugouls were absent, which m"am."“ ceremony W now nenme e = the average of over 95 per cent durli nua) affalr with Washington scouts, the month of onober.’ Eight scouts | observed my sacredly as the pilgrim- ' reported as belng honor scouts at age to Mout Vernon on w ington’s roll call, which means that they were ! Dbirthday, and the Memorial day ex-ion time, wore their uniforms, had | ercises. their hues, had been to church |Tast mecting. and b submit Smt:;‘ Exactuntlva na:-:% g. fl::-: :;:;;En';eronkor good turns do! ress 3 .Il 10! ul e wee! ;;mh: . & class at George; In connection with the monthly ln- wuh(ngtlon Unl\;.r-l% next ;Végm ‘:!:;ll::g'ce:eanon);,mscgul Pflrletlo;'hl! day evening on the * e o ented w! as’ first-class joorman, preside i aster nn! masters "Club. wil diseuss the (mpor. | Stubbs advanced From' second” clnss tant prol 'm O e “Tro y e Sscou! 0’ and igow l‘; Organize It.”” There will Stubbs earned the Idvlncemenl pin Qalso be an exhibit in connection with for October, which od e e e eonas, charta and Patiol Lesder Heare: SneR e ted .troOp recor 3 2‘.‘#.1" l&cfl mslperlil‘;l 4 umx‘r;;m E:» g:ga:nulzg‘fga. N. Everard and’ Star e irdie" yemes. and recrea. Donald Stubbs was awarded n:u 1t tlo, &m mu.:;ou :)ll teach! llr:fu:lefl:;ll:: l:;l:nrr!:;‘l:‘l:n«‘:m:lhnat mmnlou tnu com| men i for boys are welcome &t the -homor by winning the merit bedge tor meoting of this class. They begin at, Th, &%, 1o fow bas, twenty.one T g i ‘- nior patrol leadsr duringthe Gere- | De mony. lon. Potter _the 3 o | s i S by EX-DIVIDEND TABLE. November 7T— B N3 e ber [ and Ba P‘-);‘: Bag. o! '.I'I\ron:h (ho courtesy of Ravene Dr. Paul Bart duri Junul N Brl’mch will lecture and trict, Troops ; inental & H d t'o | gm-‘uz& o ouaty ':i‘;:h :n ilvllioul 1 nd 8; J 18, dlvulou 3 and 3 vislon rusry Blind, crippled and otherwise physi- cay” Fandleapped. Boy Beouts who mu not lnubnltllhu to work fe merl coauss their. disabill- 'Df.' teq thel rom fulfilling nw Tequirem nu for, mecond-c rank u.ld for wmnz:r '..l Pletures -:'a othcrdlm of art the closing prh:e- of yesterda. Aotive United Btates government bonds held firm in relatively dull trading. ——e LIVE STOCK MARKETS. BALTIMORE, Md, November 3 pecial) —The eral ‘live cattle ulet amd easy, with iees mystly 1a buyers: favor, ‘thers ge ample receipt at p! the stock erliu and only light demand that is entered on first-quality stock. ‘glvnh by boat mostly of ordinary xra e and slow to mové out even at oncessions in price. Quotations to- Gay ag Light street wharf: Beef cattle, first quality, 1b,, 7 to 8 med}bm 1b., 5 to 6. Bulls, as to qu lty. 't to 5. Cows, dlolee to lnncy . § to 6; common to fair, 0 4 xen, a8 to_quality, 1b. 4% m 5 Milk cows, choice to fan head, 50, 5.00; common. to fi lr. head, 3 Cal veal, ch la ,blh s o uckl. "1 qual the 358 quailts, m,, Tt b NEW YORK. November e Recelpts, none; & u $01 cows, l. n l r|n‘ cholce, lb. e good, i o 1 thm. lb 8 to’ 8. ‘8o ate bulls, 3. um trl”m H h.-ml it zo"m.alym mmmh " 801 ;.{a‘n'—’ff" roushs, i 2626.80, Saturn will be a short distance northwest "of the sun’ during the month of November. It may be ob- served a_ few hours before sunrise. Durln‘ the month, the planet with its rings will be seen very nonr Spica. hind the sun in thia o therefore Mars will uu...f"'"' Near Meridian. morning to morn I by th- ond of the month will Bo el up in the |0F, {he heavens during November, I¢ sky. Event of November 23, The glant planet Jupiter wiil be in conjunction with the sun on Novem- 'ber 23.. It will not be visible at any time during the month. This great planet of our solar system s aga the astronomical .limelight as a recent observation furnished the po- sition of the “Red Spot Hollow,” which locates it in lnnzllllde 22, can find n ter degrees, center. The Red Spot seems r m-n aurxn: '.ho month of Ne agsin lnvolved In the forward part Vember. BATTLES GALE 12 DAYS. | CHARLES RAY IN SUIT. British Schooner Finally Arrives at ummmw.wxmm Mobile From Cuba. ducer for SeFvices. MOBILE, Ala, Noyember 3.—A| DES MOINES, twelve days’ battle with & gale and | Charies Ray, mmnuu'!unum'.wpov high seas was desoribed today by Capt. |is appearing at & local -theater, has G. Walters of the British schooner Mar. | brought sult against J. J. Eiseman, pro- Fire isouthwest at sunset. It will be {easily recognized because of its ex- treme ‘brilliance. Tt will be. very ter than Vega. which wiil algo be visible in the evenin Mars' will be slowly drop t! observation. It 'lll be in the con- Stellation Aquart l Neptune will- be in _the um-lu part of the sky from Ui nd | will be on/ the meridian at lllm‘l 1t will be in the constellation Leo. & | l.ht;rl distance northwest !rom a: | oY h J 1 Puln, from Au- days | Sust. oan-rl. Ray's sult, Qled »-ht-m brought about.sn &t~ tachment of $5,000 inthe’ box office of the theatér last COTTONSEED OIL DROPS. NEW YORK, Movember l,-cmm ofl uluuood ww ton, t t free selling to oot b‘c;:mmodtho Kot Tower fll Elul. 7 | Texan Has Spell of Imprisongients, lowa, November 8.—1f! G, , which m bers” mmmn.mumu-nmh[‘,?{‘ horns are slow sale at 18a32. Fat old ‘hens continue in better demand | at 24a26 and 18a23 for small to me-' fllum, but leghorns are neglected at 17a18. 014 roosters continue plentiful at 14al6.. The demand for turkeys is easily satisfied, and therefore lib- will be near the meridian |eral shipments are not advisable, and ! birds must be fat and welgh at least ‘while ‘lmlu and poor stock s not | 'l‘ha white potato market oamlnue- nsy under ample receipts and onl}' falr demand for No. 1 grade stock at ‘160 to 1.75 per 100 pounds and 75 to ' 100 for No. 2. Maryland and V!r:lnlu MoCormicks, however, will not bring over 140 to 1.50, 150-pound sacks Selling mostly 2.00 to 2.76 and 1.00 to 125, as to.quality and oonditions. | Mapket for sweets and yams has a Steadier tone and the recelpts are runaing only moderate, and the de- mand’is better for No. 1 ltoek. which runs regular at 2.50 to 2.7 barrel and. 125 to $1.50 for 'No. ll bushel Stock selling mostly 76 to 100 and. 4-8 baskets 25 to Native aad wby garden truck continues in ample receipt, with only alr- demand at tions: udnz and to 40 L N Carrots, 3.00 to ulifiower, 1.00 to 3.90 barrel, JAILED FOUR TIMES; FREE. % 1 Money to Lom visible for evening | -lnu pounds and over to bring 35a43, | Securs? by, it dee = »§~ ke F.H.SMITH CO. Dounded 1873 First Mortgage Invesiments 1 Smish Building 815 Fifteenih St. Please send me your hooklet “How to Build an Independent Income,’ Address MONEY TO LOAN, ON DISTRICT OF COLUMBIA AND CHEVY CHASE, MD., RESIDENCES 5%%% Interest ~ H. L. RUST COMPANY 912 ISTH STREET N.W. MAIN 6838