Evening Star Newspaper, November 16, 1923, Page 29

FINANCIAL, WINTER TGURISTS * OFF FOR RESORTS 21 South and West Looking for| Biggest Rush Ever Known. Railroads to Profit. BY J. C. ROYLE. Special Dispateh to The Star. NEW YORK, November 16.— serve me a lower for California.” *“When ommodations for Florida?" wds and inqui g raitroad: ticket offices and middic west, migration of the are flood in the indicating that the winter tourist has &tarted. ourist travel in winter no ltonger Is : proposition. _About 3.500 farmers in lowa alone leave each month of the winter season for Cali- fornia and about 140 a month go to “lor: is it longer a. “by-prod- uet.” Tourist travel now is regarded as a business by raiiroads, hotel proprie- tors and merchants. And the move- ment of this “business” gives every Promise of being heavier than ever, and of lusting longer. ) Adds Big Revenue. (ln=> Will mean added revenue to tie railroads, to the hotels and to mer- ¢hants, both in winter resorts and in the home towns of the tourists, travelers spend Iy In preparation fo o 5. especially clot ey peclally for clothing and prile ax which this added business rings gn railroad equipment _can be estimated from the fact that the extra hristmas travel last vear required the use af 3550 Pullman cars alove normal requirenients, while New 'Y Jour- eYS necessitated an additional 1,600 Pullmans, 300,000 Tourixts Expected. The five cities handlin Yolume of winter resort Chicago. New York. Los Angeles, St. Louls “and San Franeisco, according * 1o a4 prominent Pullmun Company of- ficlal today. A rough hased on bus i th ities ted avel this winter will that of 1 an ady en r travel 1t stot cent rn that to per in t showed tween Decemi ratest burden on the railroads will come n February and March for, while the travelors distribute their departures over u considerable period, they all try and get home at about the” same “ Moxt Inter All the travel cannot be consid 18 miny Since tl 1 men 1916, s time of ¥ tourist travel e now goir i nd F a on business. al of the Santa Fe road said t inquiries received by one road from advertising trips to Californ nee 101 cific Expositi from San Francisco which the writer by teleg: tate t n unpreced winter visitors is_expected in and northern California by ls, hotel wen and tourists acies” Railroads are preparing + handle travel 25 per cent heavier n t of last vear and npile - the Hotel Men’ + show urrivals of tou <co now are averaging between v and 1,700 a day. Hotel Rates Reduced. Hotels in California are afd to have made material reductions in their rates in the last two years to meect the strong competition of the Florida resorts. Already the Florida hotels, neluding scores of new hostelries, sare iilling up and reserve lists of many are closed for the greater part of the season. The eompetition is not ned to the winter time, for and Los Angeles and 1sco are rapidly becoming ar-round resor A spirit of exploration also is mani among the trippers. They sking rail fo. nformation places “where the owd does " As @ result new journeys mapped out_both in the st T N. M.. and the t at western rning ad bout being and Pucblo although they were communitics” of the Unitad States when Coronado marched through New Mexico. The roads into the Florida rglades have opened that section to _tourists d Canyon of the Colorado of the great ob lers. It is estimated that 000 people will visited the end of 1923, 60 per cent rail and 40 per cent by au- which the national parks have given tourist travel can judged by the estimates of the bureau of public parks, which place e amount_spent in park travel last mmer at $100,000.000. A grand total 1886 trave vixited national summer, divided as to the ervations as follows: Rock 8,000; lowstone, 138, wdte. 130,048, Platt national, 710; Mount Raunfer, 123,708, Hot Fings, 112,000 nd Canyon, 10 Before the war the annual visitors totaled about 850,000. (Copyright, 1923.) * FEWER DAMAGE CLAIMS. Marked Decrease in Thefts on Rail- roads During Year. November he stimulus 16.—Claims and damage filed against railroads and common carriers for the first six months of 1423 show a reduction of from 15 to 43 per cent as compared with the same pe- of last year, according to fig- presented at a’ conference of western railroads, freight and policing officials. s of automobile tires, ac- cigars, cigarettes, cloth- =, dry goods, boots, and shoes, the “uvorite loot of vard thieves, ehows largest decrease. Hetter policing, avoidance of yard dclays, and prompt handling of trains is responsible for this saving, {those attending the conference said. —_— SOUTH SEES BOOM. Boost in Cotton Means Best Trade Since 1918. Special Dispatch (o The Star. ATLANTA, = November 16—Confi- (lence among business men that prices for the chief products of the southern farmer will keep the latter in a most prosperous condition for months to come is reflected in pre-holiday mer- chandising throughout the southeast. It appears that only a severe slump n the price of cotton. can prevent the harizest holiday business since 1918. Automobile dealers have ordered many closed cars for pre-Christmas delivery, jewelers report many fn- quiries for diamonds and fur dealers anticipate a good retail trade In the costlier furs. APPLE DEMAND PICKS UP. 1 Dispateh to The Sta W YORR, November 16.—Bar- reled apples of fancy quality sold more readily today, although prices showed mno material changes. Sup- plies from upstate sections were only moderate. The market for north- western boxed fruit held steady. “A" Erade two-and-a-half-inch greening: sold -from $5 to $7 per barrel, de- pending upon quality and condition. Two and three-quarter and three inch offerings brought from $7.50 to $8.50s Paldwins were of very irregular qual- ity and ranged from $3 to $5 per bar- rel for “A” grade two-and-a-half-inch stock. Miscellaweous “A" grade two- and-a-half-inch varieties realized + from $2.50 to $4. while unclassified arought from $1.50 to .50, il bove | figures | NEW YORK CURB MARKET Recelved by Private Wire BY WILLIAM F. HEFFERNAN, NEW YORK, November 16 —Stand- ard Oil Pipe Line issucs were again much unsettled today by the drastic actlon of the Illinois Pipe Line direc- tors in reducing the semi-annual dividend rate from $8 to § That this action had not heen fully discounted in the sharp break of more than 16 points in Tllinois Pipe Thurs- day, was evidenced by the further drop of 16 points today. The stock was thrown over hurriedly, | dropping 4 polnts between sales. Buck- eye sold off 8, to 69, while Prairie and Tureka broke a like amount before sup- port was encountered. olar Refining reappeared on the tape at a recession of 12 points. The new issue of Wrigley common was_admitted, and was actively dea in. 1t opened at the’ subscription pri of 40, almost 4,000 shares being taken before any price change occurred. It | held around this figure. Net profits for | 1923 are estimated at over § 0,000 | NEW YORK, November 16.—Follo; ing is an official list of bonds and stocks traded in on the New York curb market today : Sales In thousands, 5 Allied Packers 6 Am Cot Ol 6s Am Gus & Elec Am Light 6x Am Am 1 Anglo Am 0 7 ALG &WTSS Can Nat Ry Eq ‘harconl € BONDS, Low.2. .u s 830, High e 100 933 1053, 101 L 100% 102 43 10755 9370 S 8. 1 1 rand Trunk 61 00d Rubber 7& 46 Kenuecott Cop 1 toba Pow ! 1085, 106 4l i | um O TS FOREIGN BONDS, ovt of Argen @s wi 0 King of Nether 6s.. = Va it 1 Swiss Govt 0% Swiss Govt Dbs..... U8 of Mexico 4s... STANDARD OIL 13 i 1 airic Prairie 0l & Gas.l » L i o8 INDEPENDENT {in bundreds. 4 Glen Rock O § Guit O of Pa | 50 Livingston Oil Corp ) Mex 011 Mex Pa 3 Mount ngton Gas Os ' a : { ngton Rwsy. 095, $300 at A9, Cupital Traction Washington | Washington G 10 at 477%, 4 at at 98, 10 at 98 . pfd.—10 at 70%,. 10 at 45, 10 at_i%, | . Merchanits' Rank and Trust Co.—10 at 12735, 15, 10 at 1 i Grx 6 "33$200 ut 100, Washiugton Rws. & Elec. pfd.—10 at at 7 Potomac Elee. g. & ref. T5—$300 at 107 Money—Call loans, 5 5 and § per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY. \ American Tel. & Telga, 4s. American Tel, & Telgu, Am. Tel. & Tel. etl. tr. 5 Am. Tel. & Tel. cony. 6s. stin & Potom & Potom rel. 5. & P Tel. of Vi Capital’ Traction it, | | | g m. ex. & Mt. Alex. & Mt! Ve Balt. & Anoa Washingto o Gas 6 it & MISCELLANEOUS. D. €, Paper Mfg. 6 Riggs ltealty ds (o) Riggs Realty Bs (sliort) Wish. Mkt Cold Storage i Wardinan Park Hotel bs... STOCKS. PUBLIC UTILITY American Tel. & Telga. Capital Traction. Washingt Mool s "Wash, Stcambont Whash, Rwy. & Elec. com..." Wash. Ruwy. & Elee. pfd. Terminal 125 Lfimf“y Lincoin ational 3 Riggs - SaEKa Natlonai TRUST, COMPAN Seeurity & Trust Tris Bank . Kavings and o and Trust.. ...l 345 BAVINGS BANKS. American ® Continental Merchant ation alon Tru: Wasb. Loa N U Fast Security Washiagton Street. 5. Mechanics ¥IRE INSURANCE. TITLB INSURANCE. umbia Title.... Sout Estate Title... MISCELLANEOUS. D. C. Paper. Merchants' fer & Storage.. Mergenthaler _Linotype. Old Dutch Market com. 0ld Dutch Market pfd. Tanston Monotype... <0 w0 EET S | cent con | fer of dollars to Germany. T HE EVENING STAR, WASHINGTON, D. €, FRIDAY, NOVEMBER 1 6, 1923. FINANCIAL. —————————————:fiz:——-m—— Direct to The Star Office after deducting taxeg. Total sales this year are said to be between $27,000,000 and $30,000,000, The issue consists of 300,000 Shures of no par value common stock. Another new issue which is expected to be listed Saturday is the class B voting stock of F. M. Lupton Pub- lishing Company. The preferred A al- ready has @ market on the curb ex- Ghange and has advanced 2 points in the past week. \ Speculative favorites were inclined | toward lower levels on further realiz- | ing sales. Included among these were | the new Consolidated Gas stock, Du- | bilier Radio, Peerless Motor and Park & Tilford. Consolidated Gas rights were removed. Selling of Durant of Delaware continued to have its ef- fect, the stock losing another 2 points. ! Motor Production new common rose to 27, against its previous close of 231~ Lone | ar Ranger continued active at somewhat better prices. Two mil- lion additional shares of West End | Extension Mining were admitted, but did little. 5 Sapulpa Refin Seaboard 011 thern States Wilcox Ol & Gas: INDUSTRIALS Acme Coul mew ... 1% “Archer Dan Midi'ds 23 6 Biya Shoes, Ine.. 107 3 Brideeport Ma w i 107 3 Brooklyn City R R 113 WAL C G S Central Terexa Centrifugal ‘Ir P Checker Chi Nip new w i €h NUR Tr new wi Childs Rest ... 1711 A Gus mew W I Cuitiss Aera ofx de Davies WA 00T iilier © & tadio ant Mot ... Mot of Tnd. 10 243 Pro pfd new wi cur Bk V. A wi N Y Tel Co'ph Paige Motor . Park & Tilfor 2 Peeriess Mot yeene Mfg Hudio Corp. Radio Rendg Repetti i & Power.... o Prod Exits Todd Ship ..... Tait Prt Tn Re I8 Lt & Heat.. S Lt & Heat pfd * S Distriby 1L al ¥ Co new w i MINING Tob 1 41 10t loration. 2 Glote Cop.. Divide W Mont Corp.. Calumet & Jerome. upper . il Florenee e 5 United Eastorn . Tnfted Verde N Conti new BANKERS CHOOSE CHICAGO Association to Hold 1924 Conven- tion in Windy City. NEW YORK, November —The 1924 convention of the American Bankers' Assoclation will be held in Chicago. it is announced by F. N: Shepherd, executive manager of the orzanization. The invitation to hold the convention in Chicago was e tended to the associat t its re- ntion .in Atlantic City, on hehalf of th icago Clearing House Association. The time, which will be definitely fixed later, will be, as usual, during the latter ‘part of September or first part of October. $2,000,000 IN CLAIMS FILED. KANSAS CITY, November 16 (Spe- Preliminary plans for a set- tlement of personal injury cases against the Kansas City Railways Company aggregating more than §2,000,000 have been presented to Foderal _Judges Kimbrough Stone. This- move, it is felt, has brought nearer the reorganization of the com- pany, which is now in the hands of fed- eral ‘recelv. PAYMENTS RESUMED. W YORK, November 16.—The American Express Company = an- nounced yesterday that it had re- sumed dollar payments throughout Germany, suspended laet week be- cause of -the “uncertain situation™ there. The Western Union also an- nounces that it has resumed trans- the | s TODAY'S SUGAR PRICES. NEW YORK, November 16.—The raw sugar market was quiet and un- changed early today on the basis of 7.09 for centrifugal. No sales were reported. After an irregular start, withi prices. 5 poiuts lower .to 5 points higher, raw sugar fututes firmed up on covering and buying by trade in- terests and houses with Cuban con- nections. Prices at midday were 5 to 8 points net higher. NEW YORK DAIRY PRICES. NEW YORK, November 16.—Butter —Firm; receipts, 10,410 packages; creamery higher than extras, 53%a. 54%; creamery, . extras (92 score), 33a53%. Eggs — Steady receipts, 11,664 hennery browns, extras, 6€9a72; extras, Cheesc—Steady; 73,865 pounds. e rate: nearby Pacific coast w 3 i whites, receipts RATES ON BAR SILVER. ‘LONDON, November 16.—Bar silver, 32%d per ounce.. Money, 2% per cent. Discount rates: Short . bill 35-16 per cent; three-month bills, 3% per cent. NEW_YORK, November 16.—Bar silver, 63%; Mexican dollars, 48%. L O g She Overtook Him. . From London Opinion. Private ‘Banks had been the bashful and retiring little man in the army, When women visited the camp he had always fled for shelter nd stayed there untll after they had left. So it came as a surprise when one .of his former 'cOmpanions ran across him In civilian ‘garb and was introduced to a large, husky girl as Mrs. Banks. - ‘When he was able to gef Bangs aside he asked him how he had met his wite. “Well,” returned the little man meekly, “It was. this way; 1 niever did exactly meet her, She just kinder- overtook sme ™ ¢ 7S |cabla dispatches quoting the British RAIL UNION DATA !Last Evidence in Consolida- | {ing up the case for the Hill interests, {group of roads. | Pacific and the Missouri, Kansas EXCHANGES TOUH NEW LOW PO Sterling Drops Another Cent and French Francs Again Take Tumble. e Associated Press, NEW YORK, November mand sterling slumped 1 cent to $4.32%, a new low for the year, and French francs dropped 4 points to a record low figure, at the opening of today's foreign cxchange market. Most of the other continental nges fell lower as a conscquence of sterling’s decline, Holland guilders establishing a new 1923 low at 37.19 cents, off 11 points from yesterday. NEW RAIL BONDS QUICKLY ABSORBED 0il Merger Completed—Fine Showing by New York Cen- tral—Other Briefs. 16.—De- By e Associated Press. NEW YORK, November 16.—Kuln. Loeb & Co. announced ehortly after 10, am. that all of the $23,100,000 Southern Pacific Company five to fif- | teen year 5 per cent equipment trust certificates offered for public sub- scription today had been sold and the books closed. The Moon Motor Car Company re- ports net earnings of $932,107 before Xes for the nine months ending Sep- tember 30, 1927 Announcement was made today that the Producers and Refiners-Prairie | Oj1 and Gas ger has become ope tive, a total of 525,600 common shares having been deposited under the terms of the consolidutinn. The York Central ailroad Company reporis a surplus of $14.- 187,955 for_the third quarter of 19 t £1.756.750 for the correspond- ing period 1 Public $2,400.000 | - New erini was ma Ohlo i today of service com- pany thirt and refund mortgage b per cent bonds, series ©, 91 and interest to yield more than d per_cent > ew York bankers were not sur- prised at Premier Baldwin's deciara- tion that the entente cannot be main- :d indeflnitely under present con- ditions. However, they attributed the heaviness of demand sterling and French francs in today's ot to mier to that effect. PRESENTEDTOLC.C. tion Proposals Being Tak- en by Commission. { i Presentation of final evidence was | begun today in the Interstate Com- Commission’s investigation of railroad consolidation proposals. talph Budd, president of the Great Northern, gave the commission a series of statistical statements, clos- nieree who have objected to the commis- sion's tentative plan in so far as it involves the separation of the Hill Walter Splawn, a member of the Texas railroad commission, argued for a system vf large-scale eonsoli- dation which would throw the Union nd | Texas into one group; and the Kan- sas City Southern and the Missouri | Pacific into another; would e mhhu" certain minor southwestern lines with the Atchison, Topeka and Santa Fe | and the Southern Pacific. and would | leave the Chicago, Burlington and | Quiney, Great Northern, Northern Fa- cific and Colorado and Southern as one system. After a day devoted to western con- a { solldation proposals the'commission expects to begin consideration of the eastern trunk territory. ARGUE D. C. COURT’S RIGHT TO TRY MAN Attorneys for Defense Claim Waters Should Face Virginia Tribunal. | | i The question of the jurisdiction of| the District Supreme Court to try William A. Waters, who was indicted | in June, 1922, In connection with the killing of Louis B. McCormack dur- ing a “near-riot” on the steamer Mac- alester at or near Alexandria, Va., ‘was argued today before Justice Bailey in Criminal Division 1. At- torney Edmund Burke claimed the local tribunal lacks jurisdiction and Assistant United States Attorney O'Leary defended_ the right of the court to place the man on trial. Jui tice Bailey reserved his decision. Attorney Burke raised three pleas to the jurisdiction. In the first plea he claimed the crime was committed in Virginla and outside the territorial limits of the District. By the second plea he asserted that Waters is a resident of Virginia and under the compact between that state and Mary- land before the cession of the Di trict it was agreed that citizens of each state charged with a crime com. mitted on thte Potomac river should Dbe tried by the courts of his own state The District is bound by that com- pact, he claimed. The third point raised was that the District Supreme Court _is_not a district court of the United States where under the law maritime crimes are to be tried. Mr. O'Leary contended that Waters should be required to plead to the indictment and go to trial, where the proof of the place of the crime would be on the prosecution, which would have to show that it was within the jurisdiction of the court. He pointed out that the local tribunal been held by the United States Supreme Court to have the jurisdiction of a igtrict court of the United States.” ‘Waters is.a resident of Alexandria, and a coroner's jury there exonerated him of the charge of stabbing Mec- Cormack to death. The matter was B e e an; cha mur- (5 Ss ! {cre of a series held preparatory COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY KANSAS CITY, November 16.—Re- tail prices for meats showed a reduc- tion of 2 to 4 cents a pound here this week, following similar whole- sale price reductions. Pork loins are 3 to 8 cents a ynul’d lower and bacoy 3 to 4 cents lower than a month ago. SAN ANGELO, Tex., November 16.— |The Wool Growers' Central Storage Warehouse Company has digposed of the last of its long twelve-month wool of the 1923 clip to a Boston firm. The prices are understood to have en under the peak level of the vear. About 650,000 pounds of short fall wool will be offered for sale here November 20. ST. LOU! > six railroads report to the merchants exchange here that lumber moved into and out of St. Louls faster in October than in any month since Ma Receipts were 21,834 cars, compare with 18,178 in September, and 13.659 in October, 1922. Shipments were 14,986 cars, against 12,815 in Sep- tember, and 10,834 in October last ear. Total receipts for ten months ere 199,918, and shipments 143.402 cars. : NEW ORLEANS, November 16.—The Loulsiana orange crop is estimated at 125,000 boxes. compared with 80,000 last year. Low prices have ruled so far, as this market has been glutted with shipments from Florida. Prices were forced down from $3.50 to $4 a box to $1.75. At the same time Florida oranges sold at $1 a box. Much of the Florida fruit now has been absorbed and prices hawe recov- ered to $2 to $3.50 for swe £3.50 for navels, and §3 to $4 mandarins. PORTLAND, Oreg.. November 16.— There is a heavy movement on of dried and canned frults from this port to the United Kingdom, as is shown by the big cargo of the British steamer Dominion Miller, which has just sailed with 630 tons of fruit. PLAN FINAL REPORT ON ANACOSTIA PARK Congress Board and Arts Commission Seek’ Eco- nomic Continuance. for whereby the work of reclaim- ing marshes and flat lands above the Benning bridge for the proposed Ana- ostia park could be continued on an conomical basis which would bring the greater ults Yor less expendi- tures were discussed today in the of- fice of the United States cngineer for this territory, in the land ofMce build- ing at & conference between the board of engineers appointed by Congress for the reclamation work and mem- { bers of the Fine Arts Commission. Licut. Col. C. O. Sherrill presided chairman of the board of engi- The conference was the final to drafting a report, which was called for in the last District bill, to be yresented on the day of the openiug session of Congress through the of- fice of the chief of engineers of the Army. as neers. All Items Covered. Virtually all items of the report were discussed in summarized form and the final approval of several new measures were given for incorpora- tion in the report. The contents of the report will not be made public until its submission to Congress. is known. however, that special tention was given to desirable mod fications in the original plan which will result in more economic expendi- ture of the appropriation. The park project contains several features which are regarded 1y enhancing in their potentiality to the park development scheme . for Washington. Principal among these are the lakes that are contained in the vicinity, which would be unique in their presence in Washington parks. ‘Among those attending the confer- ence were Engineer Commissioner J. Franklin Bell of the District, Capt. W. A. Snow, representing Maj. J. - O'Connor, United States engineer fe this territory: Lieut. Col. Sherrill, Chairman Charles Moore of the Fine Arts Commission and the following members of that commission: James L. Greenleaf, James E. Fraser, Louis Henry Bacon. H ;, Milton B. Medary, jr.. and . Caemmerer, secretar; ecutive officer of the commission. t- {STEEL EARNINGS UP; ORDERS DROP OFF Crucible Chairman Predicts Great- er Volume of New Business in Near Future. By tle Associated Press. NEW YORK, November 16.—Al- though earnings of the Crucible Steel Company of America in September were more than $1,000,000 greater than they.were in the same month last year, orders during that month were the lowest of the year, Chair- man H. S. Wilkinson told stockholders today at the annual meeting. He sald there was every indication that stocks on hand were consumed during the past. threa months in greater volume than new orders were placed, and that he expected a con- siderable increase in the volume of business and profits during the com- ing year. R Mellon of Pittsburgh was elected a director to succeed Duane Armstrong, who resigned. HOOVER SEEKS TO AID BUILDING INDUSTRIES The government has launched a new rogram to increase the supply of bor for the building industries. Secretary Hoover, Initiating the movement, aims to effect general adoption of a plan by which ap- prentices in larger numbers may.be employed by the building trades. Hoover informed the research department of the National Lumber Manufacturers’ Association that he has eppointed a special committee to work out the apprentice phase of the building_problem. This committee will. include in its personnel labor leaders, Industrial leaders and gov- ernment officials. It is recognized by Mr. Hoover and by industrial leaders that construc- tion work of all Kinds could proceed at a more rapld pace in @ll sections of the country, if adequate numbers of skilled laborers in the building trades were available. RAILROADS DROP MEN. $T. PAUL, November 16 (Speclal).— Northwest railroads are commencing to reduce shop forces to a normal fall and winter basis. The St. Paul road has laid off 500 men in the Minneap- olis shops, and the Northern Paciflo| has made & 5 per cent reduction in its plants affecting 400 men. The lo- comotive shops of the Northern Pa- &ific are working only five days a week, and car shops ‘of the Omaha rajlway have been closed at outside 'points in Wisconsin and Iowa. . R November 16.—Twenty- | 1t} great- | Siddons | | | i | | i H i | i { lana 1 { Many details of the { Tokio of ten PLAN MORE PARKS REBUILDING TOKIO Japanese Propose to Spend Billion Yen in Five Years in Reconstruction. | | { | [ i BY E. R. EGGER. { Special Correspondence of The Star aud Chicago | Dajly News. TOKIO, November 16.—Preliminary outlines of the Tokio reconstruction | plan formulated and wnnounced by | the restoration board call for the ex- penditure of approximately one bil- | lion yen over a period of five years in rebullding the devastated portions | of the capital. Complete details of | the project have not yet been given in view of the expropriation of a large area of land in revamping the | city on more modern lines. The plans as disclosed, however, indicate that the “greater Tokio” project will be carried out as completely as possible. The new Tokio will be coustructed around twelve main thoroughfa 180 fect wide, with auxiliary stre Lo supplement these main arterie traffic having a width of not less tl 36 feet. This will be a great improve ment over the network of narrow lanes which hitherto have hindered the progress of making Tokl modern. Will Expropriate Land. It is estfmated that of the 11,000,000 tsubo (a tsubo is 36 square feet) of in the devastated portions of the | city more than 2,000,000 tsubo will be expropriated by the city for widening ying out new streets and stalling other modern municipal im- provenients. The board is secking | amendments in present laws to facili- tate the expropriation of this land Trausportation facilities will be great Iy augmented, but surface lines will probibited on the main thoroughfare and subways established instead. Thus | will ‘the underground railway project, | which faced failure, be brought into a realization as a result of the disaster. Canals and other waterways through- out the city will be centered on the ! Sumida river with connections to other | nearby streams, thus lmproving the | nitary ‘conditions of these open | streams, which hitherto have be source ' of considerable through improper drainage. The canuls will be widened and dredged, while tlie | level of the waterways in_Honjo other lowl, »ns will be rais %0 48 1o insure proper drainage there. Plan Additional Parks. One of the most important féatures the plan, and one which would have saved the lives of thousands of thos burned to dcath in the terrible fires following the quakes, is that calling for construction ‘aaditional parks. Tckio at present has three large mu- nicipal grounds, Hibiya, Shiba and Uyeno parks. znd each of these proved havens of safety for thousands during the catastrophe. It is planned to lay out parks in Honjo and other crowded | sections, while safety zones for pedes- | trians and large squarcs and circles on | the main thoroughfares will also be ex- tablished to break possible future col flagrations. In addition to providing nst future disastrous ard had ineluded in ans provisions for increasi veniences of ih 5 spaces will be ed at points traffic concentration and market places established for disposal of fish and veg: tables to the public. It alo is planned to inerease the har- bor facilities and land water con- nections between Tokio and Yokohama, but this phase of the project will be left until after the restoration of Tokio proper has been successfully launched. huge profect re- main to be worked out, but the plans as already formulated indicate that the ¥ hence v a wuch bigger and better city than would otherwise ever been possible had there been no destruction, BANK CLEARINGS JUMP. ATLANTA, November 16 (Spe- cigh).—Atlanta bank clearings for Octeber showed a total of $273,442,171, an unusual increase. Total clearings for the first ten months of the vear | were $21.000,000 greater than for the | entire twelve months of 19. SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) ts of | n | | Aluminum €o. of Am Aluminum Co. of Amer. andian Central Argentine Rwy b s 1 5 Edixon £1, Til. of Bos. 5% Federal Sugar Ref. 6s 1533 Fishier Body Corp. 8s 1 Fisher Body Corp. 6s 1925, oodyenr T. & K. Ss 1931..... (ireat Nortliern 75 1936, Hocking Valley 65 Humble Oil 5izs 19; Keunecott Copper 7s 1930 [eNeil & Libby 75 1031, Penna. R. St. Paul Unlon Depot Swift & Co. Wesfern Union Gt ‘Westinghouse E. DIVIDENDS. Pe- riod. Rate. su By, e Company. Atlan, Coast Line Brill, J. G Beechuut Blum C Recard. Dee. 14 Nov. Do Dec 60 1 14 19 Bla 19 Bucyrus Co., Df... 2 L & K. pf\ an Sig. ON. oil, oil, 1ood R. Prod. Hackensack _Wat. Hack, Wa. 7% pt Ulinofs Pips Line. Tuternat. Cement. Int. Coment uf. National Lead. . Nat. Oglivie Pacific 1 —on e 2 oit g £ 5! ‘Truscon Steel Truscon Kteel p Tonopah Ex. Min. Un. Cigar St. pf. Vaivoline Ofl...0 Un. States Oil... mo. TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ——Noob. Bld. Offer. 99 5132 cfelgee cecro Rate—Maturity. 4s - December 15. 1023 4% March 13. 1024 43s Marcr 3. 1924 545 June 13 Bigs September 13. 43s March_15, 192 §33s June 13, 1923 433 December ‘13, 48}s Mareh 15, 1020, 10013-16 410 September 13, 003 495 445 Maren 15, 16270, 106 1316100 1516 4183 December 15, 1927.. 1001-16 100316 EX-DIVIDEND TABLE. an el &t a November 20— Brown Shoe, 1 Brown Shoe pf., q. X ol o etrole Fastern Wisconsin Eiect Gossard (H. W.) Co., q Harbison-Walker Reft., a. Keystove Ted, pt.. initial, q. Libby Owens 8. Lil Ow . 8175 = B . s Sl 1333 SheEE 3, M, 8 ey R, Lanston Monotype, Miami Copper. Co. New Orleans, Tex Onyx Hosiery pt., November o Atlantic Retibing, - {labor party in England, with the Aus- {state of affairs, the forces that make 1 { KAHN SAYS EUROPE NEEDS U. S. MORAL AID Financier Convinced Finaficial Favors Are at Present of Less Importance. We Offer for Sale FIRST MORTGAGE LOANS Bearing 64,9 *_Secured on HOME PROP- ERTIES at less than one- half of value. This Is the Safest Possible Security aranteed Title | Investment from $300 upwards Special Dispateh to The Star. MIDPLETOWN, Conn., November 16. —1In an address on “Conditions in Eu- rope,” delivered at Wesleyan Univer- sity last night, Otto H. Kahn, New York, sald: “In the course of the journey from which T have just returned 1 visited England, France, Ttaly, Austria and Hungary. 1 talked with Prime Min- isters Baldwin, Mussolini, Polncare Smuts, with Mr. Ramsa and Gen. MacDonald and other leaders of the Waggaman & Brawner, Inc. Franklin 7485 732 Seventeenth Street N.W, trian chancellor, Mgr the Hungarian Horthy ‘On’ the whole, my impression_1s that, however distressing and alarm- ing, in some respects, is the present eipel, and with regent, Admiral for accord and settl gaining ascendency. “The moral welght which Euro- pean public opinion everywhere will attach to any clear pronouncement of the United States can hardly be ex- aggerated. Our disinterestedness and well meaningness are recognized in all countries. Whatever may have been the feeling at an earlier stage, whatever may have been the expecta- tions aroused in the course of the peace confercnce, whatever may b the hope for future developments, 1 am convinced that what the great bulk of the European nations pre- eminently seek from us at present is less financlal favors than moral ald.,” PR CRUDE OIL LOWERED. SHREVEPORT, La., No tandard Oil of Louisiana yeste d a cut largely of 15 nts @ barrel in the price of crude| in several districts in this terri- ent are slowly Mortgage Loans $1,000 to $10,000 at 6 We have a million dollars to loan in sums of $1000 to $10,000 on houses. oil in gin of Security We Demand to Safeguard Clients Investing in Our % First Mortgage Notes Iusures absolute safe(y uuder any aud ail couditions. These loans must not exceed 50% of ac tual value of property and may be reduced at interest periods. Upholds also our never havinz lost ser prizeipal inferest aw miuch as a single peany. Guaranteed titles and insuragce policles nished with all notes. Notes of $100, §250, un to $5,000 Now on Hana For foll particulars apply 0'Donnell, Loan Department. CHAS. D. SAGER 924 14tk St N.W. Term: Five or longer. vears Reasonable hroker to e SSTMENT WAPDMAN ConstructiSitCompany Tncorporated 1750 KStrwct N0 Main 4190 e S — DEIT EQUITABLE Co-Operative Building Association 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 igage Departme: St. NW. Main 617 Morey to Loan Securel by firsi deed of et oo real estats Prevailiog Inierest and commission. Joseph I. Weller £33 West 1L & Tt | SERVICE and SAFETY National Mortgage & Investment Corporation 811 Vermont Avenue N.W. Organized 1879 434 YEAR COMPLI Asvets Surplus Saving With Best Results Adopt our system and you will accom ings ‘than ever. STED $4,750.762 .. -$1.207,251 tic saving. sh more in Subxeription for the 85th Issue of Stock Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. [f] JonN JOY EDSON, President FRANK P. REESIDE, Secy. . » /| 913 15th Deals in the Best Real Estate Securities First and Second Trust Notes and Ware- house Receipts are purchased at fa's rates Its 7% First-Mortgage Notes, SECURED by Improved District of Columbia Real Estate, Are a GOOD INVESTMENT. Offered in_denominations from $250.00 UP. A HEART-TO-HEART TALK with NVESTORS What are you doing with your money ? Buying doubtful securities? Speculating in stocks? Yielding to the “promote Or just feeling satisfied with a small rate of interest irom your savings account? If You Are— : consider and follow sanest, safest most generally sat gtory method oi time, and invest your funds in first mort gages of proven value. NOTHING CAN BE BETTER. NO DEPRECIATION-— ABSOLUTE SECURITY— SUBSTANTIAL INCOME RE: PROMPT PAYMENT OF INTEREST LET OUR MORTGAGE DEPARTMENT EXPLAIN THIS FURTHER s siren voic AND PRINCIVAL~ REALTORS 713 14th Street N.W. . Main 2345 “4 good man’s recommendation of & good thing has just about 100% of infiuence.”