Evening Star Newspaper, November 22, 1923, Page 29

MOVING PIGTURE: NEW YORK CURB MARKET FIELD INCREASING Independents Active During Production Lull—idea of Depression Wrong. BY J. C. ROYLE. Epecial Dispateh to The Si NEW YORK, November 22.—The volume of moving picture produc- tlons has not been diminished as a result of the policy recently an- nounced by some large producers of temporarily restricting their pleture- Dlay output. Thelr action, according 10 men in elosest touch with the in- dustry, has stimulated the so-called “Independent” producers (o renewed activity, The latter liave seen in the situa- tion an opportunity to fiill the places of the productions held up, as well as to secure the services of popuinr stars and dizectors of ability tempo- rarily thrown out of work. As & re- #ult they are deep tn plan tional and elaborute productions. Independents Very Act Frank R, Wilson, president of the Motion Pletures Cap: in which a score of the larger inde- vendent managers ure assoclated, stated today that in the last month his concern had more applications for uid in financing pretentious and ex- pensive pictures than ever hefore. “The independents have not suffer- «d the inflution which caused the cur- Iment by the large producing man- agers,” Mr. Wilson added. “The lat- ter tied up huge sums in their artistic and technical staffs and gave them & frec hand In expenditures. The staffs were spending some one else’s money. Some producers have been spending their own and lave been cor- respondingly careful how they spent £ its present size, the * industry = still in Its infancy, according to opinions ex- vressed today by officials of the East- man Kodak Company, which manu- fwctures and distributes a large pro- portion of the motion picture Alm and accessories for the world, Film Fleld Increasing. “The use of motion picture film In the educational and industrial field 15 showing marked increas George Eastman, founder of the com- Theso fields have almost vossibilities. The in- espocially marked in the schools and classrooms, where the showing of pictures in econjunction With text book instruction is rapldly hecoming popular. For subjects of this description ot where portable projectors are used danger hus been eliminated by the uge of non-inflam- muble or safety positive film, “Beeause motion pictures are now the leading medium of entertainment in’ this country, the industry probably has aroueed more general interest than any other. Much concern was re- cantly caused hy newspaper reports that “several of the leadlng studlos were to discontinue production, which lrd to the belfef that th pression inthe since proved to be ing. The action was as a m duction costs. hing In has Aderatand- ieidered noces is of cutting high pro There s apparently thie situation to indicat ilment of production witl mtinie once normal costs are re sumed. Publle Interest High. ither is there anythins scning of the publics Inter- tion pictures. This is shown 3 urns to the federal from the placed on tickets to movie theaters, During the first nine months of this véar this tax yielded a sum 9.6 per Nt above that produced in the cor- responding period of 1 in discossing the wsc of motion pie turc cameras by amateurs, Mr. Eagt A that thix particular branei fustry motion sure popular. bictures T become for the home Increasingly : COMMODITY NEWS . WIRED STAR FROM ENTIRE COUNTRY TOPEKA, Kan., November 22-—The vement of Thanksgiving turkeys €t now is.in fuil swing, with in this section rereiving %5 cents & pound for their birds | von the hoof." N ANTONIO, Tex he Texas turkey ! 60 per cent larger than last . and i% now moving fast to mar- Novemher . La gas from the Ouachi has been turned into the cit here to replace the artificial Th through "bon Com- ITTSBURGH, November - of Pittsburgh, has filed @ pr tést with the state public service commission azainel the 10-cent in the price of natural .u.mmh» consumers, Manufacturers' Light and Hea: pany. "BOSTON, November 20.—The use of 7uel oil for heating purposes has dou- bled in this state In the last year. Ohe of the larger oil concerns—the con Oil Company—is distributing 0.000 barrels annually whi its iepresentatives declare, is equivalent o 1,500,000 tons of coal. :KANSAS CITY, Mo November 22— Lard prices, which for a year have been relatively lower than those of other hog products, have moved to a higher position here. [\ulv)’ lard hogs lell at a premium. ST LOUIS, November 2 000,000 and $19,000,000 wopth of m eream, butter milk and butter hay lieen consumed here in the last twelve meonths. 1In that period dairymen here iade 10,000,000 pounds of butter, PHILADELPHIA, November 29.— HOUSTON, ~ November —FEggs continue to elimb in price here, owing to the scarcity recently developed, Prices to retailers for fresh candled eggs are 45 cents a dozen. Hens are selling at 20 cents a pound and tur- keys are easy at 22 to 27 cents. SPOT SUGAR HIGHER. EW YORK, November 22.--Light offerings and a eteady demand from refiners led to further strength in raw sugar today. 'h 13,000 bags of and freight, 5,000 bags freight, equal to 7. 4900 bags Perus a The noon market w cost and frelght, aid; also uty 'paid. ted ‘at 55, equll (n 741, Guty Prho advance in the spot market and reports of a bettér consuming demand for refined sugar led to re- newed buying in raw sugar futures. ‘The continued stréngth abroad also Ve 8, factor, and afier opening 5 to points higher, the market made Tirthor Baine on Kuropean and Wl street buying, with neon prices about 10 to 14 points net higher. .Refined sugar was moro active lnfl firmer, with pries unc! ed to 1 points’ higher, i for addi- al Corporation. | to indi- | Treasury | 10 yer cent amusement lax‘ bad only started and | This has made | Recelved by Private Wire BY WILLIAM F. HEFFERNAN, Special Dispatch to Tho Btar. NEW YORK, November 23.—Buying of the oil shares was the feature of today's market on the curb exchange. For the fourth successive week an- other slight decrease in crude ofl pro- duction was reported. The manner in which the oils were tuken up makes no doubt in the minds of persons in- terested in these stocks that the peak of production was reachod some time ago. A Practically all of the standard advance, while independent oil shares m G in active demand at their best Gulf States Oil and Gulf Ofl »t l‘enns)lvnmu Wwere prominent, both at their highs, while the buying in Southern States showed no signs of V_YORK, November 2. g is an officlal list of bonds And Stocis traded i on the New York Curb Mar- ket today : Hales tn thousands. 2 Alum 7e Follow- EON] Low. D8, High. . 1028 wrrcZanatamanealioms T n ! heere & ¢ Detrait ity an i Fréeral Sasar 6y 33 Tody 8a T S N Orine Pub Nerv fa Phila Elec s bt Piila_Elec 31 Phil Petro Tha Pub Ser of N J 7a. 1 Pub Kerv Elec Po 64 Stawsheen 7 Blons-Shef Solvey et 04 104 10115 1018, 10 French 5 4 Govt of 3 Mex ¢ e T 8 of Mex 4a of dp Sales i STANDARD OIL ISNUES. units. 10 Anglo Am- Oul..... K 1400 Hamtier 0 & W wew 50 1l P L. 930 1 T800 Tmp 011 of Tutl Pet Co Ohio Oil uew. G Pralre 0 & Prarie P L. Sonth Penn oil | 8ates NI OIL STOCKS | i lnndreds, X Ark Ny P herhy O & Drehy OAR ped wi 10 Engineers Pet ... . Rock . 100 Hudson Ol Keyatone R rland . 1 s 10 3ex 01 4 Mount Prod .. INDUS quu 1;Am I, & Tract i Archer Daniels Mid )u. Elsc. pfe i Light—3 at 48. AFTER CALL. Captral Traction Co.—~10 at 8815, 10 at 08 10 at 9RY, 10 at 98, 10 at Money—Call loans, 3 and @ per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY. American Tel. Amesican Tel 14 Am, & Tel. ctl. tr. 53 Am: Tet. & Tel. conv. 6s.. Aacostin & Pofomac Ss. C. & P. Telephone 5s. C. & P. Telephone of Va. Gs. Capital Traction R. . City ad Suburban Georgetown G Netropotitan B, X, . Potomac Elec. Potomae Elec, 0s 1923 ec. Pow. g, m. & ¢ Alex. & M. Ver. os. & Mt. Ver. otf \\lnl}::n‘:fln Washington sh. ftwy. & Elec. 48 W Rwy. & Elec. g. m. 6s. MISCELLANEOUS. 1ty Os (long! Tices Reslty S ey t. Rm‘:m.u ‘iari Hotel 85, STOCKS. PUBLIC UTILITY, Wi Ilw o e oom: NATIONAL !ANKI ital . Cofamni Commercls ;«lmnn humofl Sonal i of wumuli"i TRUST COMPANY, urity and Trost, Ametiean Secutity Linotype . et osen: t Pl 8roup made new tops for the present | " { Washington Stock Exchange 10713 | THE Direct to The Star Office abatement. It was reported that a subsidiary comxnny of the Gulf Oil Corporation had exercised its option to purchase 64,420 acres of Maracaibo oil land in the Maracalbo basin. Mu- tual 8 another of the independents which cnme in for more attention. The president of the compuny Was quoted as saying that at tho meeting of directora the regular quarterly dividend would be declared. The new Childs Company stock ot no par value reached bettar pric A banking house whivh had taken 30,000 shares reported tle entire amount sold. The feature »f the je- alties was the suddén buying In Glen Alden Coal. The stock opens ut 78% and crossed §0. Operations for the rise {n Gold Dust Corporation con tinued, and a further advauce ocour- red in Fain Knitting Mills. | The volume of business in the m.n- , With moat steeks up sligh 14 Bords v lillfn hout Hae. Bridgeport Meh w'i BrivAm Tobac Cou, 21 Candy Prod Cor v i "‘l 2 Ml i ont Teresa p ntit Tron he. 3 O Nip f; thew Wi 18 Childs Tte " &= e 5 L 238 asonite Prod Co. 117 Knit Miflls Tnc. Glen Alden Goal... Gold Dust Cor N Hudson & Man R R 404, Had & 3CRR vt of 204 5 Intl Con & Cem Lehigl 3 Lenigh Val Coal + Lupton F M A Lupton ¥ 3 1 3esabl Tron .. Motor Prod_new wi Yur Bank Te 4 wi "u—-—n; ¥ [ Tatke Motor Park & TUfoRd ... Peorless Mot . Radio Corp . Radlo Corp pi Reading Conl 1 Ecavalia 2 z 0 C Kiliea ‘et Proa: Ktute Motor ... Tobaeco Prod Exp.. Todd Bhip..... . Unit Pre i it Retail - ot 8 Distribut. Univ Pipe pt 2 Uniy Pipe pfd 3 Wayne Coal . .90 Wrig Wm Jr 0T MINING Am Com Min .. riz 10 sddfl d Deep 10 Goidield Florence .. 50 Gold Zone A 20 Hardehelj Min . 150 Harmill Div te 302 Kuther Dy lines. 5 Teck Hughe 10 Tonopah .nm Butler Btock of .g=' e s 208 SR n NO & TPR pt umet-Arizona .. pan Am Sur § Chi R T&P 76pf 1 Chl R I&P B6cpf ». Con GEL & P Balt Co GEL&PHalApt Co GEL&APBalBpt Equitable Tru ton Axle. =X} LrETERmann. g8 T RANE et oy RS < 5 58 ¥ i e, 9 D% BIG MILL MERGER PLAN IS APPROVED Directors to Unite Several Textile Plants in North and By the Associal BOBTON, the formation of the New Lngiand Houthern Mills to consist of a consoli- dation of a number of mills in South Carolina and Georgia with the plants of the International Cotton Mills in Georgla, Malne, Massachusetts and Canada, hav een approvad by the directors of the International Cotten Milla. The eombined mills have 584,660 spiidles and will employ akout 6 £G0 operntives. The southern mills to be Joined to the international group are those for the acquisition of which Lockwood, Green & Co.. of this clty have been negotlating rocently and all tho com- panies in the combination will be Tiniageed by this AFm, Fhe new plarte include the unounr Cotton Mills, Lancaster, 8. C.; Fort 3Mill Manufacs gmn: (énranlngml"nn‘ .l 3 C. ur ‘otton s an prin sl& n Mil Pouser Man llll’ll’l.’ nufacs ¥ o l C.; Tue pau Mills, Tucapau, Mills, Hogansville, Ga. ., and Stark NEW YORK DAIRY PRICES. NEW YO! November_ 2: ~—Unsottied; ’receipts, creamery, hl( or than ulr creamery, ( mery frots (ll to 91 mu). Ifls 3 E l-—’lrn lar; . recéipts, 10,790 “ f" coast whites, extras, nfl H do.. first to extra firsts, 63s Chee: p-suudy. receipts, 125,489 pounds. EVENING STAR, | clal arrangements by which they pro- PLAN TO OPERATE WEST VIRGINIA LINE Two Companies Ask I. C. C. for; Permit to Take Over Mor- ! gantown Line. The Monongahela Rallway Company and the Scotts Run Rallway Com- pany asked the Interstate Commerce Commission today to authorize finan- pose to take over and opeérate the Morgantown and Wheeling rail- road, in West Virginia, recontly sold at recelvers’ wale. The cotts Run company will issue $1,000,000 in eommon stock, which the Monongahe- WASHINGTON, D. THURSDAY, LIVERPOOL COTTON. LIVERPOOL, November 232.—Cot- ton—Spot, falr demand; prices steady. (Jood middling, 20.97; fully middling, middling, 20.37; low middling, good ordinary, 18.47; ordinary, Sales, 7000 bales, including 00 American. Receipts, 9,000 bales, tneluding 100 American. _ Futures barely ‘stedy. h. PARIS BOURSE FIRM. PARIS, November 22.—Prices on the bourse oday were firm. Three cent renter, 54 francs. Kxchange on London, 80 francs 20 centimes. Five per cent loan, 70 francs b5 centimen. The dollar was quoted at 18 franc: 33% centimes. —_—— The largest hydro-electric plant in the coffee helt ‘of Brazil takes cur- rent at 100,000 vol nd supplies NOVEMBER 22, per | 1a corporation will buy at par. Additional dates were announced todey for commission hearings In the inv unuan into rallroad rates on_gral grain products. On January 3 kho commission’s repre- sentatives will take testimony at At- lan on January 15, ll Chicago and on January 21 in Waghington. Hear- ing dates for the wost previously have been announced. IRISH PLAN FOR LOAN. DUBLIN, November 22.—The pros- pectus of the forthcoming Irish Free State loan of $10,000,000 will be issued Saturday. The loan, it Is forecast, will be & § per cent stock loan, issued at 956 and redeemable at par between 1835 and 1945, It will be a trustee mecurity, authorized under the trustee % nale yearly sihking fund fs pro- vided for by the terms. 1 power to the city of Saa Paulo, ity miles away. Over a Quarter i of a Century Experience B. F. SAUL CO.- 1412 Eye St NaW. E QUITABLE Co-Operative Building Association Loans $1.000 to $10,000 at 6 We have a million dollars to loan in sums of §$1,000 to $10,000 on houses. These loans must not exceed 350% of actual value of prop- erty and may be r duced at interest periods. Organized 1870 434 YEAR COMPLETED Saving With Best Results Adopt our savis len o 80 i nnum'l.llb more in sav. ings than Suhacription fc» the 85th luue of Stock Recel Slnrel, SZ 50 Per Month EQUITABLE BUILDING 915 F St. N.W. JORIN JOY EDSON. President FRANK P. REESIDE, Secy. Term: I or longer. ve y Reasonable broker- age. INVESTMENT DEPY WA MAN ConstructioMm~Company = = Incormorated oK St N W Main 4190 Money to Loan | oKk Becured by first deed of trint on real estate, | Prevailing i@torest and commissiop Joseph I. Weller 3ii. " & f’f‘"{" [} i '\_.,_ | FIRST _ MORTGAGE \ q\lestlun LOANS mhe g EHRY Denominations $100 to $6,250 Interest Rates 614% and 7% All loans sccured on modern homes and busi- ness property in best northwest sections of the city. Ask for Information politan. Organized in 1814 Our Savings. Dept. Pays e Department | ot th Ban BTt o1y i [ —intervening none toe soon to be considering the g Foreign for sending Christmas cash abroad. 1923. The Margin of Security We Demand to Safeguard Clients Investing in Our 7% First Mortgage Notes f| 1nsures absolnte satety under any ana an cunditions, It Upholde alto oue established record of Taterest 'as much as s singie peo; Guarauteed tities and fnsuranco. poltctes fornished with all notes. Notes of $100, §250, un to $5,000 Now on Hand Yor tul particulars Tlonnell, Loa: CHAS. D. SAGER 9324 14th St N.W, Main 36, jag loat in elther priocipal or | apply to Mr. We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street CITIES SERVICE Preferred Stock Safety and High Yield Net Earnings -$14,354,892 14,727,079 . 15,176,308 15,528,247 .. 15,665,347 . 15,783,829 . 16,009,628 . 16,116,326 . 16,140,016 Dividends Earved 2.43 times 2.50 January . February. March April. May June. July.. August. September. Circular on Request Thos. W. Brahany & Co. Evans Building ¢ [ ‘ : Washington's Oldest National Bank With But a Month to holiday time, of gifts. 3y way of a practical gift what could be more stimulating to individual ef- fort than a savings account for son or daughter? open such an account at The Metro- One Dollar or more will Drafts, Cable Transfers, etc., 3% Compound Interest National Metropolitan Bank Capitai, Surplus & Umfimded Profits Over $1,700,000 15th St., Opposite U. 5. Treasury—109 Years ol Guaranty Trust Company of New York 140 Broadway BRUSSELS - LIVERPOOL LONDON PARIS HAVRE ANTWERP Condensed Statement, November 15, 1923 RESOURCES Cash on Hand, in Federal Reserve Bank and Due from Banks and Bankers. .. u. 3. Govml Bonds and Certificates. . CrthnnhdonA.mpuncu Real Estate.............. Accrued Interest and Accounts Receivable. ... ... \ ..$ 98,191,728.65 29,890,835.10 30,156,585.52 24,291,682.70 2,043,924.00 4,976,406.41 44,164,572.37 8,377,699.41 11,301,149.70 $562,409,694.27 e LIABILITIES daisionieinin vhen WS n B Ko e AN AN e $25,000,000.00 15,000,000.00 3,406,713.73 $43,406,713.73 Anenndh-tl’-ynbla and Reserve for Taxes and Expenses. Nchka!fleu.....”lSQOBGlW otfie........_l_wo Ouuhndhg'l'mm-’uCh-uh Deposits..... secaves erasecsbinaeseies 375,000.00 4,538,632.87 10,702,364.14 990,402.57 44,164,572.37 16,463,129.77 441,768,878.82 s 562,409,694.27 FINANCIAL. In the old Nea- politan. _aign lan- ouage, the expres- sion, “That's hon- est talk,” was con- veyed by placing the inder finger of the right hand on the lips and then pointing it straigl ' forward. Inthis way the Neapoli- tan said : “That’s Honest Talk” This is what we are trying to give the investing public of Washington DAILY in these columns—anid thus to protect the unwary from the trickster putting over his promotion scheme under “SOMETHING FOR NOTHING.” his promise of Listen not to his persuasive voice, by with our MORTGAGE INVESTME DEPART MENT for information about our FIRST TRUST NOTES on improved District property worth TWICE the amount of the loan. Interest 6)4 per cent per annum—wvith ured safety and no depreciation. 'SHANNON - & LUCHS/ 713 14th St. N.W. Main 2315 get in touch The Psychology of Investment studying investment psychology. you can realize the combined value of a great many small sums of money. Is not this $30 here and that $30 there worth in- finitely more to vou combined in a First Mortgage Note of $100, draw you every day of the year? for ng interest Andis not the total of many such notes the foundation of a dependable fortune? Especially is this so of our First Mort- gages, because our reputation is wrapped up in keeping them safe and in seeing that the interest reaches you the day it is due. Swartzell, Rheem & Hensey Co. 727 15th Street N.W. 54 Years Without Loss to an Investor FIRST MORTGAGE NOTES FOR SALE IN DENOMINATIONS OF 500 DOLLARS AND UPWARDS Reondild I Hopner © %, 4007 Conmestionit Sosnase OPENED With Expectation CLOSED With Profit Ui 66" HAT is a good book,” said a New England author, “which is opened with expectation and closed with profit.” (! '_H;t:&nldm i Independent i 4 Income | You can expect much in the way of practical investment information when you open our book- let, HOW TO BUILD AN INDEPENDENT INCOME. You can close it with profit, if you follow the simple, safe and sure plan that it de- scribes. This booklet shows how you can easily ac- cumulate a substantial sum of money and create an independent income for yourself by investing your savings at 6%;% to 7.13%, and then rein- vesting the income regularly at the same rate of interest. Clip the coupon below and learn how, by saving $10, $20, $50 or more a month, you can be clipping bond coupons a few months from now. NO LOSS TO ANY INVESTOR IN 50 YE. CJhe F.H.SMITH COMPANY WI&?B FIRST MORTGAGE INVESTMENTS SMITH BUILDING 815 FIFTEENTH ST. rPlease send me your free booklet, “Now to Buill an Independent Incom ARS