Evening Star Newspaper, November 26, 1923, Page 23

FINANCIAL. FORD IDEASCHANGE CLASS NDUSTRY Output Greatly Increased by| New Methods—432 More Sales Agencies. BY J. C. ROYLE, 1 Dispateh to Th W YORK, Novembe —Meth- | ods of continuous production. which | have made the development and sale | of the Ford car possible, have been | adapted by the Ford company to =lass industry. Plate glass now being turned out at the River Rouge | plant in the third largest glass ducing unit of the company. The latter s thus brought step far- ther in its program of controlling the manufacture of almost everything used in_its operation. Two of the four are working a will be fired s | Speci Star. | new furnaces now the ren ning two rtly after January 1.1 At that time the factory will have an annual capacity of 10000,000 square feet of pla Klass The Glassmere, P plant of the comna turns out 7.000,000 feet, the H id Park fa tory turns out abow 0 feet dafl The annual requir ents of the com pany amount to 20 0,000 square feet. Output Ix Enormon plant presents an lishment of imports Cturers in . m minute. 850 pounds of mixture furnace, permitti of molten wlass furnace. The trial o m Every ler, spread out and sent on # sbon 400 feet long which moves at | rate of sixty-four inches a min- | The gl es at a te ture of 2 ees Fahrenheit, | ©00ls to 1.000 dexrees as it passes | under the roller and then run through a long oven or lehr under constantly lessening heat until it cmerges at 70 degrees, when it is cut } into lengthx Glass “Wavex" The roller meth claim, gives unif product, about 25 p compared with which great pots lifted from the out on tables Eliminated. furnace | The polis f the | product is also performed under the Ford stem of continuous movement. | ‘The grinding and polishing machines were developed by Ford engineers and Ford products were utilized in| their comstruction. For example. a Ford steering wheel, connected with a Ford driving rod, which extends to a Ford rear axle gear, regulates polishing disks, which are t a Fordson tractor worm drive Eeonomy In Wutchword. The ramifications of the Ford « tem were excellently indicated by th. experience of a Pennsylvania manu- facturer who had been ziven the con- | tract for supplying the rubber weath- er strips between the ves of the Ford windshield. The first shipment of weather strips was refused. W hen the manufacturer went to Detroit to ask why he was told that the strips were all right in respect, but the consignment was not packed ac- cording to specification nd_ must therefore he rerused the boards from the crates could not be used for tloor boards in Ford car: The care exercised ea estimated when re saving of one potent profit of 1 S in minor detail being n he steering car formerly poured readil thi n_be it is lized it on wheel of ition now used sreater strength, bundreds of thous the year there 1 yrd | ble development of the I rvice organizations. hundred and thirty-two new d have been added since Jinuary bringing the towl in th : States to 8 Viee static ber about and there authorized dealers and 7.0 stations in foreiga countr PAPORTSOFGRAIN NEARLY DOUBLED Commerce Department Re-| ports Marked Increase in Shipments in Week. has been 18100 a Grain exports from the U'nited States | last weck amounted to 4.0 bushels, compared with 2.417.000 bushels the week befor: Figur mades public Commaore ment the fol- lowing comparisons between exports last week and those of the week be- today by the ainst 115.- against 150,000: | 00 rye. 653.- | wheat, 2,717.000, flour, 464,100 bar- 0 barrels. anadian exported United States ports amounted to 1o 00 bushels, against 1.583,000. —_— CHINESE LIKE CLOCKS. The market for jewelry is fng In the Canton district, say Counsel H. M. Hamilton, Canton, in report to the Department of Com- | werce. The chief demand, especially for commodities of | forcign . style, comes from the western-educ more progressive Chinese. This class is growing and western goods of all kinds are becoming more and more | popular. There is a certain demand also for jewelry among the several hundred foreigners who reside in the Canton district. American jewelry will meet increase ingly keen competition on the Canton market, chiefly from Switzerlands Germany and China. The best pros- | pects for the development of Ameri- can trade in this line would seem to be in wall clocks, fancy clocks, alarm clocks and a cheap grade of wrist watches. The quality of several types of forelgn-made wrist watches is not particularly good and it is believed that American wrist watches which would sell at prices varying from $6 | 00 bushels 5.000, . “again 141,000 5,000 grain fom | Dust Corporation. | sates in W THE EVENING STAR, WASHINGTON, D. C. MONDAY, NEW YORK CURB MARKET Recelved by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERN NEW YORK, November 28.—New high prices on the present movement wero numerous on the curb market today. Ofl shares maintained their place of leadership, but buying oper- ations also continued on a large scale in specialties of the type of Cen- trifugal Cast lron Pipe, Universal Pipe and Radlator common and Gold No new develop- ments came to Hght in the oil trade situation, but production reports from | the various fields continued slight decreases. A rvise of over 10 points in Pralrie Ofl and Gas, and gains of 2, 3 and 4 points were common throughout the Standard group. Deal- tugs in Southern States were again y large and the stock made a W top. to show oceurred Crading started in the new Dunhill | International Corporation stock, 1,000 shares opening between 29 and 30, The market thereafter remained ac tive at fractional changes. Dunhill NEW YORK, November 2 ing is an official list of bonds and stocks traded in on the New York Curb Mar- ket today : BONDS. thousands. Allied Packers &5 Am Sumat Tob TAm T & T tx wph &% par Balto FOREIGN BON t oxt ... T8 of Mexico 4. «in STANDARD OIL ISSUES Humble 0 & R new 01l P L 5 Imp 0l 0 Ind P L. SO0 Tntl Pet Co i 0 Put 1000 % 0 Kansas e 1600 5 0 Ky 100 8 0 N ¥ 0 % 0 Ohlo.... oL, w Vacuum Ol new Sales INDEPENDE in bundre GA wr Gax Toston Weo Ofl G Carih Syod .. Mex Land.. 0 Noble Ofl & Gas. 1 Omar 0il & Gas 5 Peer Ol Corp. QWashington Stock Exchange. SALES. Washi 1,000 at 1007, Capital Traction Co.—11 at WS%y. Washington AFTER CALL. . Washington Rwy. & Elec. 45—$1.000 at 08% Mones—Cail loans 5 and 6 per cent BONDS. and Asked Prices. PUBLIC UTILITY. . g m. & ref. . Alex, & Mt. Ver. ., Alex. & Mt, Ver. ct * Balt, & Annap MIECELLAN Paper Mfg. 6s. 4 (long STOCKS. PUBLIC UTILITY. ashington Gas.. rfolk & Wash Capital Columbla Commere Parmers & Mechiani Federal-American . Liberty Lincoln National Riges Second . Natlonal TRUST COMPAN 10 $10 (United States currency) would | amer. Securlts and Trust find a good market at Canton. —_— METAL MINING BOOMS. DENVER, November 26.—(Special) —Preliminary estimates of the im- portant industries of Colorado for the vear indicate that the .largest in- crease in production will be shown in metal mining, with coal output rank- ing well up., Crop production has been larger than in 1922, although there was a slight decrease in acre- age from last year. Price levels show a slight increase. EXTENDS INSURANCE PLAN. DETROIT, November 26.—(Special) tending its group insurance plan, ‘which already Involves clerks and of- ficers of the xoad, to its mechanical departments. Undér the plan, which is handled by the Equitable Life, the employe pays half the cost of in- surance and the company half. It is expected the actual cost of the pol- icies will not exceed $15 a thousand dollass \J | i 1 ~—The Pere Marquette Rallroad 1s ex‘ D. C. Paper ptd Merchants' oid 0ld Dutch Market pfd Lanston Monotype. Becurity Storage. Continental Trust Merchants' Bar Tonal Savings and Trust... T Trust. . Wash, Loan and ‘fris e SAVINGS BANK. Commerce and Saviogs Fast Washiugton... rity Savings and Com. Se Seventhh Stree United States Washington Mechanic FIRE INSURANCE. American Corcoran reme; National T TITLE INSURANCE. Columbia_Title. Golomple it MISCELLANEOUS, nafer & Borage.. 1007 enthaler Linotype. . 183 utch Market com. . International fs consisting of 1 value, The organization was formed by David A. Schulte, and controls all the Dunhill Pipe and Tobacco Interests. It Is intended to expand operations to South America and France. Centrifugal Cast Iron Pipe estab- | lished & new top above 28. Strength | In this atock has been sympathetic with the upturn in United States Cast Iron Pipe issues on the stock ex- change. The demand for Centrifugal began to make itelf felt following the declaration of an initial dividend on United States Cast Iron Plpe com- mon. Centrifugal sold to the latter common, on a royalty basis, the ex- | clusive Tight to the use of the de Lauvad process of plpe manufactur- ing. Universal Pipe common also gained ground. Dealings in the mining group were agaln large. Realizing sales checked {the advance in Sutherland Divide. which has been one of the active leaders recently, It was reported that the properties of the company have been under examination by en- gineers of the United States Smelting and Refining Company. a holding corporation ,000 shares of no par Royal Canad 0 & R Salt Creck Prod. Savoy OIl. 11, Brit-Am Tob Cou. Car Lignt . b Candy Prod w'i. ntrit Tron Tipe. new w i NUR tronw wi ‘hilds €0 new w i 2 Cons Gas pew w i 15 DL & W Coal ® Dort Motor . Gold Dust Goody Lehigh V : N Y Tel Co pfd Burk & miltord 2 Repett] Candy Ren Motor 1 v Motors 13 Cons Cop Min n Am Min o ing, Cons Diu Field Bl Butte 10 Diam Field Du Mohican = e Rex Cons Bt Oroix Silver Horn Min Nimon Niiver Ko Am White Caps 10 Wilbert ....0.000 2 White Knob Cap pd _— VISIBLE GRAIN SUPPLY. NEW YORK, November 26.—The visible supply of American _grain shows the following changes: Wheat increa: 1,455,000 bushels, corn in- creased 556,000 bushels, oats decreased 1 852,000 bushi rye increased 570,000 bushels, barley decreased 59,000 bush- tels FARM WAGON PARADE PLANNED IN CAPITAL Ohio Farmers Launch Drive for More Economy in Gov- ernment. { By the Assuciated Press. CLEVELAND, Ohfo, Noverber 26 A movement for more simple, efficient and economical administration of gov ernment affairs was launched here yesterday with the formation of the Lower Taxes and Less Leglslation League at a meeting called by C. A. Dyer, Columbus, legislative agent of the combined Ohlo farm organizations, and Walter H. Lloyd, editor of the Ohio Farmer. It prdposed to equip farm wag- ons as prairle schooners, which will be driven over the state to obtain signatures to petitions urging sena- tors and representatives to work and vote for economy and lower taxes. The idea I8 the outgrowth of a reso- lution adopted by the Ohlo State Grange. It is expected to become na- tional in scope. Each schooner will carry banners reading “Let’s K0 back to the ways of our fathers—simplicity, honesty and economy—Iin governmen and “get in the fight for lower taxes and less iegislation.” They also will carry & box for small donations which will be sought to defray the expense of the campalign. Ohlo's schooners will be assembled at the state house yard in Columbus and later transported to Washington, There they will be joined by those from other states and will parade to the Capitol bulldl ‘where the pe- tition will be delivered. 4 BANKS IN ONE COUNTY OF MINNESOTA CLOSED State Institutions, With Deposits of $1,283,000, Hit by Failure in Montana. 8T, PAUL, Minn., November 26.— Four Stearns county state banks were closed today by the state banking de- partment. They were the Farmers State Bank of Meire Grove, the New Munich State Bank of New Munich, the Security Btate Bank of Melrose and the State Bank of St Martin. Aggregate deposits in the four in- stitutions are given as $1,283,000. ‘The reason for closing, as explain- ed by the state superintendent of banks, is the failure of the state banks of Ryegate, Mont., which had guaranteed a large amount of paper in each of the four Minnesota banks. ol Goodn RETAIL BUSINESS LIVELIEST OF YEAR Distribution of Goods Shows Wide Prosperity—Wage Scales Hold Steady. ! 1 Special Dispdtch to The Star, NEW YORK, November 26,—While conditions In industry and trade re-| main highly irregular, there is little change in the volume of industrial employment or in wage scales, nor is the average of wholesale prices much altered by the individual fluctuations from week to week, states the “Guay- anty Survey,” just issued by Guaranty Trust Company of New York. “The substantial the econom sition of the farmers as a whole, compared with that early this year or last fall, is making itself felt in varlous directions.” the Survey continues. “These tendencies toward nditions and the better ad- between prices of farm and of other |are reassuring to those who fe | ihat the recessions in prices and pro- | duction esrller {n the year marked the beginning of depression. Iroduction in has in- | creased, or de exs rapid | rate, In' recent 5. Altogether the Immediate business outlook is not un- promising. except to those who can ¥ recognize prosperity in rampant | expansion. Retnil Demand Heavy. “Here and there, commodity |||>n‘kfll\l and wage scales remain conspicuously | ut of adjustment when ¥ the usual standards applicable to these ~refationships. And branches of Industry there is ca improvement in Justment products ¢ | for production considerably of present or immediate tive requirements. Neither condition, however, represents a new experienc { for the business community; und, ex- cept through misdire efforts to apply correctives conditlons it in cneral busi- | 1. The underlying con- | ditions in the m; und and ! We may preserve w fi prosperity If governmen no additfonal handicap: ness initfative larke are volume of retail consistently r reporting line iring months is a signif the th of th for co s’ g “In 19 d s epproached the level re ar, prices were much { higher th are thisx v fthat it is probably safe to {that the physical volume of distribu- | tion is cons it was then in which rded th Widely “This lusion ix = the record of rallroad frelght « loadings. which during the first forty-four weeks of thix yeur reached a total of 18 per cent higher than that of the same period last year, and | 10 per cent above the high vrdi established In ‘ar loadings valualgle asx supplement to the !sales figures, in that they represent| { physieal volume of distribution. Bnt | | they Include, of course, the movement | | of "both producers 4 consumers goods. Indirectly, ywever, the give an indicatiod ‘of the activity of retail distribution, partic th loadings of chandi; | carload lots, and of t. During the firet n 3 dings of th frelght excevded by Joadings during the months last r. and t the loudings for the | perfod in 1 With allowance for secular trend ( on the one hand, and for differences | in price levels on the other, it seems pretty clear that the volume busi- ness done this year by department | and chain stores, and prohably b retull stores, compares favorably with that of any period in the past, {and indicates a highly favorable situation with respect to the final dis- | tribution of consumers’ goods “In the last weeks of the year re- lL’\il trade normally most active. Producers and business men in gen- eral will look especially to the level of retall sales after the turn of the year an ind tion of the trend of business us A whole. —— AUTO BUYING HEAVY. Texas Prosperous. Due to Rise in! i Price of Cotton. Special Dispateh to The Star, | FORT WORTH, November 26.—The damage by wet weather to agricul- tural products in Texas, which for a time was believed to be very heavy, will not run as high as expected. The SoggY condition of the fields has tended to decrease the fall nlunl!nl:] of wheat, but will probably result in an increase in acreage planted to cot- ton next spring. The purchasing power resulting from the high-priced cotton crop is just beginning to make | itself felt. One of its first effects has been on the itomobile industry | Dealers in all sections report a heavy demand for « Retailers in other lines are enjoy- ing an increased trade. The fruit and vegetable season is about to open ‘in south Texas, and a good movement is | expected. Tomatoes and grapefruit are now being shipped and the spin- ach crop will be ready for market 1 early in December. WOULD REOPEN BANK. | | Another Effort at Richmond Deal With Depositors. Special Dispatch to The Star. RICHMOND, Va, November 26— Another effort to have all the de- positors of the Mechanics' Savings Bank agree to waive 50 per cent of their claims and to agree further to recelve 20 per cent of that in order to allow the bank to have funds suffici- ent to resume business is to be made. ‘The meeting of the depositors is to be held Tuesday, at which time the mat- ter will be fully explained to them. There are many who have failed to enter in to any sort of agreement or to sign any paper regarding the matter. If this shall be agreed to it is be- lieved that the court will direct the recelvers to surrender the property to the officers and directors. The bank was closed in August, 1922, WOOL MARKET BRISK. Medium and Low Grades in Better Demand. Distributed. Antia are particularly | months { sses of | nt the | ponding | per cent | corresponding to| Special Dispatch to The Star. BOSTON, November _26.—Medium and low grades moved briskly In to- day's raw wool markets. There was less demand for the finer grades, but dealers feel this trade will pick up soon and when it does they look for price increases, as the-supply is rela- tively small. Receipts at Boston last week were 2,462,600 pounds, of which 137,000 was forelgn wool. Ship- ments were 3,897,000 pounds. HONORED BY POPE PIUS. ROME, November 26.—Pope Pius today appointed Andrew Maloney of Philadelphia as his private chamber- lain, a_position held under three Popes by Martin Maloney, a papal marquis and a brother of the new in- cumbent. The appointment was made at a private audience at which the Maloney brothers presented the pon- tiff with a generous Peter's pence and gave him the latest news of Cardinal Dougherty and the Philadelphia diocese. = . | aay rably greater now thun | |f | FOR INVESTMENT | NOVEMBER 26, 1923. ANOTHER COTTON FIRM IS BANKRUPT { Domo & Co. Did 0dd-Lot Busine! Liabilities Placed at $50,000. The Margin of Security We Demaend to Safeguard Clients Investing in Our First Mortgage Notes Instres absolute safety under any aud all conditions. It Uphiolds alwo our established record of never having lost in either principal or intere: much an & single penny. Guara'iteed titles and Insutance policies | turninsd with all notes Notts of $100, $250, un to $5,000 Hand Now on ¥For full particulars apply 0'Donnell, Loan Department. il CHAS. D. SAGER 924 14th St. N.W. Main 36. By th ated Press, NEW YORK. November 26.—An voluntary petition in bankruptcy w flled in the federal district court t against Frank J. and Michael Domo, of F. J. Domo & Co., cotton | brokers, of 100 Broad street. The Habilities are listed at 0 and the assets at not more than $20,000. ‘The firm Is not & memb any cotton exchange, but has b doing an cdd-lot business, to Mr. Money to Loan Secured by first deed of trust on real estate. BANK DEPOSITS JUMP. BOSTON, November 26.—(Special) { —Deposits in savings banks in Mass- achusetts hav ased $100,000,000 in the ording to the state bank o sioner. At the close of the fiscal year ending Oct. 31 deposits totaled $1,4 747, an | compired Joseph 1. \\'elleL,fiq,‘ FISHER'S PRICE INDEX. NEW HAVEN, Conn, November 26 (Spectul).—Last week's prices aver- aged 151 per cent of the pre-war level The purchasing power of the dollar was 66 1-10 pre-war cents, ac- cording to Irving Fisher, Yale econo- mist. B. F. SAUL CO. 1412 Eye St. N.W. American Telephone Telegraph Co I7TH DIVIDEND reguinr _auarterly _dividend in e Doty Five Conte’ ot o Frursde; 5 r< of record’ at the close of business on Thursday, December 20, 1623, I BLATR-SMITH, Treasurer. EQUITABLE Co-Operative Building Association — ' 7 i"irsi | Mortgage | % Notes Secured on residences in the Northwest section of the city. Never a Loss Each loan for less than half the market value of the property. Booklet on Request William S. Phillips Realtor | 15th and K Sts. N.W. Main 4600 Safe of Organizsed 1879 434 YEAR COMPLETED Assets ... 34,750,763 Surplus $1.207,.281 Saving With Best Results stematic savis plan complish more and you will n sav. ings ‘than ever. Subseription fer the 85th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, President FRANK P. REESIDE, Secy. Investment per cent, payable 1206 13th [;Fifst Mortgagé Loans | Lowest Rates of Interest and Commission, i Prompt Actio: I __| Thomas J., f‘lslgea{.l.v'se{mny. Inc. We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department Denominations $100 to $6,250 Interest Rates €14% and 7% All loans secured on modern homes and busi- ness property in best northwest sections of the city. Ask for Information The Washington Loan and Trust Company 900 F Street 620 17th Street Mortgage Department 913 15th St. N.W. Main 617 In Order to Properly Care for an Increasing Volume of Busines C. P. Barrett Realtor announces the opening of new offices, especially designed and remodeled for him by his good friend— Percy Russell 1502 K St. Main 9016 9017 The Satisfaction of Safety YOL’R investments in our First Mortgage Notes will always be a source of satis- faction to you. You will know that the proven system of safeguards protecting them makes these in- vestments 100% safe. Our constant super- vision of the loan until final payment of the notes assures you not only prompt payment of your interest, but also the safe return of your principal. You know, too, that based on the oldest known form of security—real estate—they do not fluctuate in value. Their great sta- bility makes them entirely free from market changes that affect other forms of securi- tie Could You Ask for More? - Swartzell, Rheem & Hensey Co. 727 15th Street N.W. 54 Years Without Loss to an Investor 713 14th St. N.W. FIRST TRUST NOTES Paying 612% —can be had here in denomina- tions of $100, $250, $500 and $1,000. Telephone Main 2345 and Ask Oury MORTGAGE INVESTMENT DEPARTMENT To Send You Full Information Washington's Oldest National Bank ORI L Wise GiVing a1k LI1% (1) AN m-h 8 S =i lo —is exemplified in the bestowal of a CHRISTMAS SAVINGS ACCOUNT. Such evidence of your desire for some one else’s material progress acts as a spur to endeavor, an incentive to thrift. I 7 ONE DOLLAR, or more, will open M 2 Savings Account at this helpful old bank. Had YOU thought of “thrift Ovaanizsd ia 1638 gifts” for son or daughter? Our Savings Deft. Pays 3% Compound Interest National Metropoltian Bank Capital, Surplus & Undivided Profits Over $1,700,000 15th St., Opposite U. 5. Treasury—109 Years Old Dean, Onativia & Co. Stock Exchange Building New York STOCKS and BONDS COTTON GRAINS COFFEE SUGAR MEMBERS New York Stock Exchange N. Y. Cotton ’:\\lv],. 3 Chicago Stock Exchange Chicago Board of Trade N. Y. Produce Exchange New York Curb Market Minneapolis Chamber of Association Commerce WASHINGTON OFFICE Main Floor, Woodward Building Phone Main 2040 JOHN CALLAN O'LAUGHLIN Manager SERVICE and SAFETY National Mortgage & Investment Corporation 811 Vermont Avenue N.W. Deals in the Best Real Estate Securities First and Second Trust Notes and Ware- bouse Receipts are purchased at fu'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. OPENED With Expectation CLOSED With Profit L 66’ HAT is a good book,” said a New England author, “which is opened with expectation and closed with profit.” 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%3% 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 YEAR. Che F.H.SMITH COMPANY ,%undd 1873 FIRST MORTGAGE INVESTMENTS SMITH BUILDING 815 FIFTEENTH ST. g Please send me your fres booklet, “HMow to Bulld an Independent Income.”