Evening Star Newspaper, November 14, 1923, Page 28

28 MERCHANTS SEEK T0 BOOST TRADE Drop “‘Cut-Throat” Tactics and Oppose Charge Accounts. BY J. C. ROYL ch to The Star. W YORK, Nove nts are taking ve steps to hold the gains which they have recorded in the last six weeks. The general gain in sales of depart- nt everywhere October | as compared with significant fact that porting to As ber 14—Mer- nd inere stores in was 10 per October, 1922 of the trend of t per cent of all stores T National Retail Dry tion reported improvements In o district was there a decrea nd the unfavorable weather conditions were a controlling | cent, Iven mor ade is the the 0ds My one sales factor Tactiex Dropped. Reports for the first two weeks of this month from twenty large centers Cut-throat lassets applicabl { were equivalent to $135 ~ FINANCIAL. BY WILLIAM F. HEFFERN, Special T NEW new spatch to The Star. YORK, November common stock 14. was a feature throughout. 7 points above holders of the mitted to subscribe, and fluct over a range of 2 points later. holders are entitled to subscr new stock at 30, share for each ubscription rights alt in around 1%. An a can Light and Traction follow vorts that the Detroit City a subsidiary of the forme rates 20 per cent Nov ing to American the price at five were now to_th a sha Y YORK, November 1 an official list of bonds and today Sales in thousn RONDS. High. ot 0l dicate that the improvement shown October has contint In some sections have been taken to cties, profits r the Denver firms handling 1dy-to-wear garments have recment to ho'd no cut- ing apparel When sl the stores with the | rers with ortunity of ale’s price offering to the gen- leaders in the department | s throuzhout the country ous y the advisa- curasinz charge accounts. | m hax hecome more p ms of ted capacity with of buyinz frequently ts and_takin: a liscounts for prompt pay- ancisco & rods middle ttribu They ¥ to the £ have ment to dis- in [ | irpets and b s direct ar this vear | 15 records | i CENSUS BUREAU AIDS! PRICES CF COTTON Report of Extra Heavy October Consumption Keeps Today's Trading Steady. NEW YORK cotton rket decline of of point Liverpool cables were ac e Live selling in et, but the offerings were quick- ab: prices turning up-| (2 acts which sold a all advanced to 33.1 ve months generally showing net gains of about 20 to 30 points Advances in New Orleans. NEW. ORLEA Novembe 14, Poor drop of 6 to of the cot- vember 1 opened stead point to an There overnight and atively ompanied b pool the local srhed with uneEp: January on the s bureau for - Oc- at on American mill counted consumption figure th xpected, 541,825 ainst in ptember $4 of last year, ng movement s 24 10 30 points over at the end of the December rose to n 48 in Octol arted a bu which yesterd first half hour. 8292 SMALL BANKERS RAP FEDERAL RESERVE Texas Commissioner, However, Has Not Found Members “Autocratic.” By the Associated Press. HOUSTON, T\ November 14— sfaction which ex- th reference to the stem on the part apman, state king commissioner, told the con- ssional committee investigating attit of bankers toward the TVe n here. charges which small bring against the sys- 1em, he stated, are the assertion that its officers are. arrogant and over- Learing; that the rule requiring mem- ber banks to limit deposits with non- member banks to 10 per cent of the capital and surplus is discriminatory and unfair; that the recently made yuling under which member banks are «ompelled to pay for examination by national bank examiners is unjuet| d that failure to receive interest on thelr deposits is a cause of frequent protest. PN, Chapman explained that he did not indorse the complaints which he ed, and declared that he had not und any members of the federal re- mystem ‘“‘arrogant or auto- he 1 the town ban Hetly Steel Cun Nat Ry ¥ B Cit Sery Ts € erv T 1. Faph 8x N P 8s par efs < Halto 6 A STANDARD OIL ISSU Gul Slg 0l s O &R new NP L. G Trap Ol of Can_ . 1 GOS0 & IR wi Livingston O Corp .16 « Ol 174 leox Ol & Gas (2 TRIALS 143 Am G & El ne : A Hawaiian 8 Potomac 1000 at Washingt & Money—Call loans, 5 and & per cent. BONDS. Bid and Asked Prices. PUBLIC UTlLlTY.” elephone of Vi. 1 Potomuc Potomac E Wash, Halt. & Annap. Washington Gas Washington Gu; Wash, Rwy. & Wash, Rwy. & Elec. g. m. 6s. MISCELLANEOUS. | D. C. Paper Mfg. 6s. g5 Realty 5s (long) Riggs Realty 5s (short). Vash. Mkt Cold Storage 53, Wardman Park Hotel Gs.. STOCKS. PUBLIC UTILITY. American Tel. & Telga pital ion . . ashington olk & W h. R Capital Columbt Commercial . Lincoin National Riggs - Second TRUST COMPANY. erican Security & Trust. Oomtinental Trust. Merchunts' Bank . National Savings o Tnion Trust ..... Wash. Loan SAVINGS BANKS. Commeree and Savings. East Washington. Security Saviogs Seventh Street. United State: Washington Mechanies’ FIRE INSURANCE. 205 85 dd’ Trus American .. Corcorai Firemen's National Union.. TITLE Columbia_Title.. Real Estate Title. Paper pfd. panis’ Trans Mergenthaler Linotype Old buten Market com. Uld Dutel Tayiston Mon uity “Stor: Washingto Jellow Cab. AN, .—The of the Consoli- dated Gas Company was admitted to trading on the curb market today and | 1t opened | which old shares are per- tuated | Stock- ibe to on the basis of held. actively | vance of ten points in Ameri- ed re- as Com- | r, will | ember Light's e sheet as of September 30, net | common stock | re. An —Follow- stocks traded in on the New York curb market 3 03% 1044, 1001, 101 1017 1005 1021 4 | consideration of | which would virtually abolish * | Railroad Labor Board. THE_EVENING STAR, WASHINGTO NEW YORK CURB MARKET Recelved by Private Wire Direct to The Star Office initial dividend of $1.50 was declared August 9 last, thus placing the stock on a $6 annual basis. Cities Service common also had a rather brisk advance, getting up to 35. against the previous close of 132%. Rumors that the Paige Detroit Mo- tor Company might distribute another large stock dividend failed to affect the selling price of the stock. Peer- less remained the leader in the motor group and made further response to reports that sales on the Pacific coast had inereased materially. Declaration of another extra div dend of 50 cents on Vacuum Oil along with the regular quarterly dis- tribution of 50 cents, had a stimulat- ing effeet upon oil shares generall Vucuum rose almost 2 points, Stand- ard of Indiana, selling ex the usual 2%-cent dividend, was higher most of the time, and Prairie Oil and recovered a gain of 4 points to 1% Over 200,000 shares of I'roducers and Refiners have already been deposited under the plan for = exchange into Prairie Oil. 6 Amer L & Tract .. 1307 1 Amer Stores . 1 Midinni. E n Shoes Ine. 4 Bridgept fug Tron 3 Checker Cab Mfd A 13 Clile _Nip = ip B tronw wi © & Radio Mator of ‘Tud., Wi nal Leather . NY Tel Cooprd HRTEH Paige M Motor it Tutl ift & i Corp N Y MINING 5 Am Exploration e Corp. tiy 1 o o 1k it 1% "' Homestake Ext s ne Wlorence Castern T8 Contl ne Uity Gol. i i 4 Yukon | i RAL DNON HEADS INMEETING HERE 16 Organizations Represent- ed at Session to Draft Legislative Program. Meeting here today at the call of Warren S. Stone, graml chief of the Brotherhood of Locomotive Engi- neers, heads of sixteen railroad labor organizations discussed legislative proposals for ‘which they may ask consideration at the coming session of Congress, A legislative subcommittee of the union officials, headed by D. B. Rob- ertson, chief of the Brotherhood of Enginemen, had prepared a tentative report for submission and action by the larger gathering. Sessions were held in the ofice of W. H. Johnston, president of the International Asso- ciation of Machinists and one of the participants. The chief proposal prepared for the of “union officials in- change in the labor sections present transportation act volves a the As tentatively | worked out and approved by some (forward the plan | for the general meeting. members of the group, the propo: amendments to the lranspon;llo‘; :f‘d[ would Set up a board of mediation and conciliation to function In rajl. road labor disputes, on which ' the roads and the railroad organizations would be equally represented. arious methods of acco he desired end had”been Consiaerss Y e subcommittee, howev, 3 decision a5 (0. choico among thon and as to the desirability of putting outlined, remained Heads of several of the unions had an engagement with President Cool- {idge at noon to lay before him their ideas about legislation. tion included Johnston, L. The delega- _besides Robertson El"lld L. E. Sheppard of the Con- ggctors. EJ Manion of the Telegra- ers and Timothy Heal: - men and Ollers, oY Of the Fire Urge McManamy Reappointment. ‘The union leaders also urged o ident to reappoint Fran 5 R z\emb&:r ‘ol fl;‘a Inte; Commission, when his term expires January. Commissioner . MeManamy. formerly with the railroad administra- tion, was given a place on the commis- Tstate Commerce sion last spring by the I res| slon aast g by the late President RAW WOOL STRONGER. Bids in Texas Market Held as More Favorable. Special Dispatch to The Star. A BOSTON, November 14.—Local raw wool markets, already strengthened by the government report on wool stocks, were given'added strength today by reports of the numerous I bids submitted Tuesday at San An- gelo, Tex., for the crop there. Do- mestic wool prices as yet are un- changed, though dealers are inclined to mark up prices of foreign wool to the levels existent abroad. Receipts at Boston Tuesday were the largest in several days—1,186 bage of domes- tic wool, 2 the | ice among them, | k McManamy, a | | i { | | | | | | | i tadvertising $15,000,000 PAID FOR HAIR| NETS IN YEAR IN U. S. NEW YORK, November 14.—The people of the United States in 2 spent $100,000,000 for chewing gum, 363,000,000 for cosmetics, $145,000,000 for scented tollet soaps and $15.000,000 for hair nets. On toilet preparations, embracing such articles as taleum powder, cold cream, rouge and lip- sticks, they spent, in 1920 alone, $760,- 000,000, or $15 for every woman in the United States. There is more pat- ent medicine sold to the retail trade M New York city than in any other part of the world, the bill amounting annually to $800,600,000. These figu LOANS —from $100 up, quickly made on mortgage: stocks, bondw, etc., at legal rates of interes No red tupe, no éxtra charges. All buiness confidential. s Box 9-C, Star_office. Interest and commi Pre Joseph I Weller g5, Southern Railway Company Development and General Mortgage 6% Bonds Dated April 18, 1906, Due April 1, 1956 Price, 962, and Interest to Yield 6.25% Crane, Parris & Co. Investment Bankers 823 15th St. N.W. Tel. Main 503 the Sound- rs Norvell, chai oard of directors of McKesson Robbins, drug manufacturers, as an indlcation of the demand cre: advertising throughout the United States Margin of Security We Demand to Safeguard Clients Investing in Our % First Mortgage Notes Insures absolute safety under any aud all conditio It establ'alied _record in either p a single pean Upliolds _ also never having los interest s muci a ot al or Guaranteed titles and insurance policies fornished with all notes. Notes of $100, $250, un to $5,000 Now on Hana For full particulars apply 0'Donnell. Lodn Department. CHAS. D. SAGER 924 14th St. N.W. Main 36, o 3ir In Convenient Deénominations For Investors Interest 612% N2 Fifteenth Strect Main 6388 8% FIRST MORTGAGES We are offering the above in amounts from $2,000.00 upwards. All loans based on 007 of property, with fire {nsurance cov- ering full amount of loan. Title in; our attorney’s opiaion furnished. No charg Innde for collecting quarterly Inprent comp This city considered most xubstantiul in Floida. P SOUTH ACRRON VL Ha , FLA. Established 1912, MORTGAGE LOANS Denominations $100 to $6,250 Interest Rates 614% and 7% All loans secured on modern homes and busi- ness property in best northwest sections of the city. Ask for Information ORRIS CAFRITZ CO = Mortgage Depa; 913 15th St. N.W, EQUITABLE Co-Operative Building Association Z Organived 1879 43d YEAR COMPLETED Annets 84,750,762 Surplay -$1.207,281 Save Systematically The most effective method of ing is to adopt a systematic pi and stick to it. Join the Equitabls. Subscription for the 85th Issue of Stock Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, President FRANK P. REESIDE, Secy. it YIELD, 614,%, SECURITY, 200% THIS IS WHAT YOU GET When You Purchase Our First Mortgage Real Estate Notes —which are secured by an average of twice the amount of the mortgage. We look after all the details of col- lecting interest and principal, and send checks to reach investors on the day when due. Ask our Mortgage Investment Dept. to send you full details. SHANNON - & LUCHS 713 14th Street N.W. Main 2345 NO LOSS TO ANY INVESTOR How $10 a Month Becomes $22,000 $17,200 Interest MALL sums saved systematically run into big money when interest is compounded at the liberal rates paid on our First Mortgage Invest- ments. Between the vigorous age of 25 and the re- tirement age of 65 a man or woman can amass more than $22,000 simply by putting aside $10 a month under our Investment Savings Plan. Of that $22,000 only $4,800 is principal ac- tually paid by the investor. All the rest is com- pound interest. * Our free booklet, HOW TO BUILD AN INDEPENDENT INCOME, explains how any- one who will save $10, $20, $50 or more a month can quickly get into the coupon-clipping class of bond investors. NO LOSS TO ANY INVESTOR IN 50 YEARS ke F.H.SMITH CO. CHounded 1873 FIRST MORTGAGE INVESTMENTS SMITH BUILDING 815 FIFTEENTH ST. 25 Please send me your free booklet, “How to Bulid an i =T Viganzed m sois o OFFICER DIRECTORS. ARTHUR T. BRICE BROWNLEY FAEDERIOK DeC, FAUST . F. GUDE Stk JACOBSEN . JOHNSON HENR' £ LISNER TOWNLEY A. McKEE C. F. B. OGILBY J_H. RALSTON FRANK P. REESIDE HUGH REILLY E. FRANCIS RIGGS WM. H._SAUNDERS HERBERT T. H. C. SHERIDAN CHAS. G. SMITH, Jr. W. R. TUCKERMAN W. A WIMSATT GEORGE W. WHITE FINA NCIAL, First Mortgage Loans Lowest Rates of Prompt Actio Thomas J. F‘lsshfir & Company, Inc. TR T Capital One Million Dollars 14th & H Streets A (AT Over 42,000 Depositors Interest and Commission. | Over a Quarter | of a Century | 1412 Eye St. NW. Capital and Surplus, §2,000.000 Why Not Bank by Mail? Same Rate of Interest Paid on Large and Small Accounts Open Until 5:30 P.M. OFFICERS WILLIAM D. HOOV WOODBURY BLAIR FRANK W. K STE ....President 1st V. Pres. V. Pres. | icer | Treusurer _Recretary & Awst. Tr. Trust OMcer Trust Otlicer VATRD .- Asst BRUCE DAVID LORNET..Asst | James A. Buchanan That's the way hundreds of busy people send us their Pay Day and other depoaita. 1 The handiest mail box thus becomes - potentially a “branch” of this long- establis]’xed bank. and we send prompt acknowledg- ment of all remittances. [ Save yourself time and inconvenience around busy pay days by doing your banking By Mail. We supply all needed stationery. Tomorrow and Friday DIRECTORS: Woodbury Blair William D. Hoover William A. H. ChurchVictor Kauffmann Walter C. Clephane Charies Minshall H. Rozier Dulany, Jr. Edmund D. Rheem Wm. B. Edmonston k Stetaon Frankiin H. Ellis k W. Stone Frederick A. Fenning Willam {1, Walker Prescott’ Gatley = Henry K. Willard National Savings & Trust Co. Oldest Savings Year Cor. 15th Depository_in Washington and New York Ave. Open Until 5:30 p.m. Tomorrow After All Is Said —and done, the first thing of which vou want to be “dead sure,” where vour savings are concerned, is 100 SAFETY. fIn this conr worthy record Bank in the Di deserves your nection the long and of the Oldest National strict of Columbia well attention. Safety and Service —have been Metropolitan {i no bank is bet them to depos {ONE DOLL Dept. We'll b SHANNON National Metropolitan Bank Capital, Surplus and Undivided Profits, Over $1,700,000.00 15th St. Opposite U. S. Treasury—109 Years Old cuiding stars of the or over a century, and ter equipped to extend itors, big and little. AR, or more, entitles vou to the advantages of Our Savings e pleased to have YOU become a depositor THIS PAYDAY. 3% Paid on Savings What Really Counts —is what you save—not how much you earn. The - ability to save will offset a limited capacity for earning. A growing savings account in this bank will assist vou in your trade or profession. Commercial - 390 on Savings Trust MERICAN SECURIT 15th and Penna. Ave. AMERIL/VNY DELURAT SAND TRUST COMPANY > Capital and Surplus, $5,400,000.00 Central : Northeast: Southwest: Northwest: BRANCHES 7th and Mass. Ave. 436 7th Street SW. N.W. 8th and H Streets N.E. 1140 15th Street N.W. Reginald 5. Huidekoper — N e