Evening Star Newspaper, November 27, 1923, Page 27

! last - FINANCIAL. - MORE HARD GOAL EXPECTED IN EAST| Closing of Great Lakes Will: Increase Supply and May Act on High Prices. €. ROYL YORK vember 27.—The of the shipping season on 1t lakes Is expected to divert volume of anthracite to east- ern centers within the mnext three weeks, Dealers throughout the an- thracite-using territory expressed the opinion today that these ship- ments probably would have more ef- fect on fuel prices than any action Browing out of the conference called Pinchot of Pennsylvania s pointed out that the t th conference depend- on some sort of lesisla- n either by states or the government. and that such action hardly could time to_affect the ind s ter. The conference also nmdv mlain that a wide discrepancy i s as to where the for the high costs of should be placed, Operators® Views, Pinchot, {n addressing the nce, accused the coal opera- refusal to “cleau house.” srs, through their spokes- Warriner, have declared th toward re- » prices of domestic grades 'f anthracite if the governor could SUBRESL #o v by which the pub- se the small- 2 liken the to conditious which sionally hit the meat in- every one wanted ten- nobody wanted cuts oft with consequent high e for’ tenderloin Pinchot reiterated in his ad- Aress to the conference of state e ‘utives and their representatives at the recent advance in wages rranted a adva of 60 cents a n cin the The -operators are bY no means ed that he went far unu;.h point to the “button & € interruptions w h have the settlement of the ember and d are costs AN unex ted degre Miners Getting High Wages. example of conditions which | in the anthracite field they the recent speech of ‘Rinaldo Cap- dent_of the Mine Work- s<trict No. 1, in which the |Uvr told members of a union who \\hhui him to call bution strike n over the buoks of volved and that not| o less fln\ $180 in | NEW closing the gr, a large ral it of blame anthracite Gov. miner the hat to pay ive | i buttons for the month and h dis- t ter call for a conference pected about th iddie of De when the t lakes cially sumer « hu d mu te In in t ired pou they want carry it home have this “ do price they themseives or b ¢ price, which to the deale; bel, a ma press the only moior lidetion plans will They point out that whil, cur to a > there still pen production buying of ma- po more riais Th-y like F steel req reds of thousanc buy much more mour AW ma ALEXANDRIA. Va., November cral hundred members ub, €ll as many filiated with mber of | ree, made mbers of | . left via the cntly com- public. The trip Is to boost Alexan- tend the hand of wel- 3 NDRI turnpike ed and opened to the object I uria and to e come to the new n 3 t a will lead | e boosting distributed and given along the The crowd left at 1:30, and will | ot return until late this afternoon. While at Fairfax will be tha guests of Represen R Wal- | ton Moore, who will f the Alex- andria del tion on the lawn of his home. Mrs. Thomas Kelth, will ‘head | a group of i who ¢ to act as the reception committece Death Declared Unavoldable. | :ath in the case of Kenneth Haug tion City, Ohio, which occurred aftér the man had been 4 passing’ train of the R. F. and P. raflroad, near here, was doe to n unaveidabls accident, according to roner W. L Robe o conducted 0 inquest last night without aid of jury. C. A. Haug, father of the ] 4d “man, s in the clty and vill leave with the body for Junction City today. Word from the st corporation commission yesterda ised M. 8. Kiclsgard of the Virginia Transit Company, Inc., that he would be al- lowed to operate a bus line between this city and Fairfax Court House the Little River turnpike, which opened Saturday. While permission has not been rted, the communication told Mr. Kielsgard that there was 1o doubt s to the ‘issuance of the certificate. riments copducted Sunday and have assured the company " will_be able to maintain a chedule over the new route that will ume_only forty-flve minutes. sehedule has not been definitely out, but it is the intention of | . company to make at least three ps to the city and return each day. rmipai faciiities here are being] :hamber of commerce. | o Innis was buried this m her . late home near ¢ Hill. Interment was in the| purying ground near Pohick. | wage increase given i perators of many rail- t the telegraphers ay, it was learn- flices here to. te telegraph roads did not of the Southern at the company’s The increase..of per hour for rallway. clerks wels d the pay of, more an 100 working from the various local offices. DRY GOODS ACTIVE. Mills Turn Down Some Offers on Account of Prices. ents pecinl Dispatch ta The Star. NEW YORK, November 27.—Cotton goods - markets quickened today, with interest divided pretty generally among. various kinds of goods. Mills turned down @ number of contracts for future delivery at prices they thought were too Jow. Print cioths again were quoted at 11% cents for the 64 by 60s and 13 Cents for the 88 by 72 The raw silk market trend was un- . but with-g slight upward tend- ic. Recelved by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK, November 27.—Cen- trifugal Cast Iron Pipe and Kresge Department Stores common were the outstanding points of strength in to- day’s dealings on the curb market. While the recovery in the oil shares was checked, there was no material weakness, the selllng coming from those taking profits accumulated dur- Ing the last week or so. The strength at new high prices in Centrifugal _were sympathetic with the ri e in United States Cast Iron Pi on the etock exchange. Kresge De- partment Stores was bought on the decluration of the regular quarterly dividend of 2 per cent in addition to the 1% per cent preferrcd dis- tribution. Universal Pipe and Radia- tor common. was dealt in slightly under the Monday final. It was re- NEW YORK CURB MARKET Direct to The Star Office ported that application to list the ‘stock on the big board will be made #oon. Prairie Oil and Gas rose anotker & points to 220, but lost the best part of the gain when realizing sales made themselves feit in the oils. Stundard of Indiana receded to around 59, where it was down over a half point, and_Imperial Oil of Canada, Standard of Kansas and Kentucky lost more than a point. The movement of the independent oils followed closely that of the standard group. Southern States, how- ever, continued to be taken at new high' prices for the present recovery, but the improvement was slight. The new Dunhlll International was again active. but with the tendency toward lower levels. Motor shares came in for more attention under the lead of Dupont. Stuts recovered the loss of the previous day, but dropped off again when a block of 1,000 shares was offered below 9%. NEW YORK, November 27.—Follow- ing 1s an official list of bonds and stocks traded in on the New York Curb Mar- ket today : Sales in thousands. 1 Allied Packers fs.. 4Allied Packers b, Alum 7w BONDS High 68 v't imat Tob BAm T & T 6s 3 Anaconds 6a 8 Anglo Am_Oif § Ao Sim Hiw Sian i Beth St u_ Nat 2 Cit Serv Ts D 1 (ol Graph_ Ss par o 1 Cons Gax Bal dlas B 4 Cons 4 Detroit 5 Detzoit 2 Dunlop. 3 Federal 5 Fisher Bo 4 Fisher Hody 6x 3 Figher Body 6s 15 Hood Rubber 7s..... 1 Intl Match 6is . ® Iian City Term 011 Prod & v of Hav Tigs 105% r Mills 615 Wi 100 Northwest 011 3 Omar O & pulpa Refin Savos Oil Wilcox Ol & Gas. . INDUSTRIALS. Am Multigraph Co. . Armour & (o prd.. 3 Bhisy S Rridgeport Childs Co new w 1. . Colorudo Pow & Lt 2 Cons Gus w 1. Davies W A Dot Motor Dubilier © & Rudlo ot Mot ...... pont Motors B & S pfd... Thunhill Inl Ine.. . Fuir Gnit Mills wi dation Co ptd. te S R. nsonite Pros n Alden Coal.. 4 Dust Corp w Co Y Tele Co ptd 1 U8 "f Mexico ds: STANDARD OIL ISSUES. .. 130 1040 5. 0 50 10 Sonthern L. 31 18 S O Kaosas new. .. 4 i 3000 Vacuum O new. Sales 1y hundreds. INDEP! Park & Tiiford Motar Prod new wi s | it | { " x| R : T r v T T W Wanne > Waring Hat Mfg wi Wasne Conl . w Corp 1st pf Wr W Jr Con 0 wi MINING Brit-Cola.. . xploration Globe Copper . Belcher Extens Boston Mont Cauario Copper 0 Ariz corn 35 T N i i i idfield Deep Min idfieid Floren ioldleld Jackpot.. 42 . i Zone - Harmill Div { $6,000 it Sery & 1 Creole Synd: Derbs 0 & R w nginesrs Dot en Pet .. fen” Rock 0 'St 0&R MB isingston Oil € 8 Latin Amer ¢ 'Washington Stock Exchange. BALES. Washington Rws. & Elec, 44—$1,000 at 89, Fotomac —$1.000 ui ¥7%, hington Rwy. & Elec. pfd.—4 at 1% Washington Gas Lizht—10 at 45, 1 at 483, 9 at 45, APTER CALL. ‘Washington '33—$100 at 100, Capital Trac $300 at 94. $1,000 ut 91. Washivgton Gus Light—10 at 48, Money—Call loans 5 and 8 per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY. : Bid. American Tel. & Telga. 4v.... 92 American Tel. & Telga, 415 . 102 Am. Tel. & Tel. ctl. tr. 5n...... 984 Am. Tel. & Tei. conv. 6s....... 116% Anscostia & Potor 4 Anacostls & Poto & P. Tel. S5.. & P. Tetephone pital Traction R, City & Suburban 3. Asked. c C | Georgetown Gas 1st 5s R. c. 18t Bs. Metropolitan R. 58, Fotomuc " Rlex. & Mt T Alex. & Mt ¥ Balt, & Annap. b Washington Gas & Washiogton Gus 6. as % 2 Wash. Rwy. & Elec. g. m. 6. MISCELLANFOUS, Paper Mfg. s igzs Realty e (long). X Realty s (short). ‘8 STOCKS PUBLIC UTILIT American_ Tel. Capital Tractios hington G riolk & Wash. Steanibon Rwy. & Elec. Rwy. & Elec. Terminal Tzt com Capital Cofumbt Pleerics stric Farmers & ¥iccl Federal-American - rty Rige Sivionai Bak of Wasiington TRUST COMPANY, Continental Merchants' tional Savings from 1 to 4! Commerce and Baving Washingtor rity Suvings and Com. Columbia Title. Real Estate Title. mscxu.uu\:s. P: 3 Viernat Tramster & Storage, Mergenthaler Linotype. ... 01d Dutch Market com. 0ld Dutch Market pfd. Lanston - Monot¥pe. Security Btorage, 1571 ‘56 3. % Hill Top Nevada Hawthorne Mine Homestake Ext Howe Sound ... Independence Lo erome V Devel Kerr Luke . Knox Divid Lone Etar .. Molifean Cop ... Nutiousl Tin . New Dominian’ Coj NIpissing jo Cop S Kay Hercnles Ine.. Red Hill Florence Rex Cous Salida Mines.. Crotx Mines Sandstorm Kendali. Silver Hora Min Siiver Pick Stmon_ Stlver. So Am Gold 80 Spearhead Gold. Kiewart Mines . utheriand Dev Min. leck Hughes... ) ‘Temiskaming Mines Tonopab Divide 2 Tonopah Min .. 110 Tonopab North Star . @9 United Eastern 10 U 8 Contl ue: 45 Wenden Covper 6 Yukon Gold READY TO TESTIFY AT 1. C. C. HEARING Ford’s Representative Read Paper He Was Wanted at Consolidation Probe. in . Leibold, vice president of the Dcmm. Toledo and Ironton, Henry Ford's railroad, notified ‘the Inter- state Commerce Commission tod that he was willing to appear before it next Tuesday to present his com- | pany's views on railroad consolida~ tion. A hearing was set for that day The United States marshal at De- troit had rcturned to the commission a subpoena for Mr. Leibold, marked “not found.” The Ironton - officlal himself. informed the . commission, however, that he had not known of its desire to procure his attendance, and had given the notification imme diately upon reading newspaper hc counts of the search Fastitated for Bim. The Detroit. Toledo and Ironton {s the only road in the country which has fafled te put evidence asked for into the commission's record on ¢con- solidation. —_— i AUTO STOCK DOUBLED. Paige-Detroit Company to Have $8,000,000 Common Shares. DETROIT, Mich, November 27.-— The common stock of the Paige De- troit Motor Car Company was in- creased from $4,000,000 to $8,000,000 at a special meeting of the stook- holders here today. H. M. Jewett. president of the company, declared the company has no present inten- t'on of issving additional stock. The $4,000,000 increase in capitalization, he pointed out, will enable the com- pany to meot an expansion program promptly when it may arise. FUNDED DEBT PAID. NEW YORK. November 27—J. P. Warren, president of the Penn Sea- board Steel Corporation, announced today that 95 per cent of the three- year 7 per cent notes due February 1, 1924, totaling $1.439,000,will' be pa.ld tomorrow.” The Temaining 5 per cent already has been pald. This wi leave the company without any f ed debt, he said. ! l | DAVISON CHEMICA Stock’s Sensational Moves again to cipitately Dback to 6915, STOCK IN THEATERS “Customer Ownership” Plan Start- cither for ment plan, {under deed of trust for $3.000, IN WILD JUNPS Again Bring It Before Exchange Scrutiny. By the Assoctated Pross NEW YORK, November 27. nsa- tional fluctuations In Davison Chem- fcal Company stock, which twice has brought It under scrutiny of New York Stock Exchange officials recently, agaln today sent exchange observers scurrying to Davison trading post. Overnight buying orders for & total of 2,500 shares were executed at the opening at 781 to 79, the latter con- stituting a jump of more than three | points from yesterday's close, and high price for the year, after which the stock broke to 77%, advanced 79 and then dropped pre- nine points to 70. ‘While traders from all parts of the floor guthered around the Davison post the stock rallied to 72, slumped and then moved grad- ually upwa Davison cof ignoranc stock’s & fons, as they did a week ago, when the shares fluctuated vio- lently within a twenty-point radius. of the SOLD TO PATRONS ed by Big Motion Picture Firm. By the Ausociated Press. CHICAGO, November 27.—The idea || of “customer ownership” adopted by utilities and other concerns has been | applied as far as possible by one of the largest motion picture theater | owning corporations In Chicago. It ecame Kknown today that the com- | ar &ed to handle stock | < and the theater patron: se from one to or on the partial The stock is to be pur Chicago stock exchan pen mnrk»! quotutio 5 stock pays of 25 cents a mont. vesterday at around may purc a year at | and sold | NEW BANKING FIRM. QOrgaulzed by Forrncr Warden of | | i | Moundsville. Spee pateh to The KEYSER, W. Va, Joseph Z. Terrell, resident of Ke: en of t at Moundsville, banking institution where he resides, wh age under the name November 27, until recentl card- | penitentiary anized a new Parkersburg, *h he will man- of the Parkers- [burg Finance Corporation It 1s chartered tion of $200,000 supervision of ommissioner. The directors consist of O. J. Stout, E. L. Davidson, E. P. Chancelior, jr. D. B. Crawford, George McDonald, € T. Hiteshew, W. W Walker, H. Randolph, James A. Wetherell, Frank S Smith,’ J. B Sammel, H_J. DIl W. H. Wolfe. George E. Work, Ed- ard E. Neily, Sherman Dils’ and Joseph Z. Terrel. C. T. Hiteshew is preside orge E. Work, vice pres- ident;: Edward Nelly, vice president, and J. Z. Terrell, secretary and tre. urer. EASTERN COLI.EGE SOLD. FREDERICK! —Eastern College, at’ Manassa, | as told at auctlon to J. R. Hayden | sub- | Ject to mortgage of $24,000. The prop- | includes eight and one-half acre: with a number of expensive buildings | and other improvements, with and the a capitaliza- is under the state banking WE TAKE PLEASURE ANNOUNCING CHRISTMAS SAVINGS WASHINGTON, D. C, TUESDAY 'PIG IRON ADVANCE jof the New Managers Securities Com- SEEN AS TRADE BOOM Special Dispateh to The Star. PITTSBURGH, November 27.—Re- newed activity, with rising prices, in the pig iron market is-taken here to forecast the early resumption of sev- eral of the merchant furnaces in the district. Some" of lie présent buying of pig s based on bellet that present prices are too low. The steel business lacks energy, although production s heing maintained at the mills of the United States Stee! Corporation and the American Sheet and Tin Plate, American Steel and Wire and the negie Steel compunies are operating at'uround b5 per cent of capacity. $17,000-DUTY ON FISH. LR Gloucester Buys Big Shipment From Foreign Waters. GLOUCESTER, Mass., November —Coals were carried to Newc day. This port of & milllon 1ceived a. cargo of 1,350,000 pounds of {cod from the other side of the Atlan- tic waen the Danish four-masted schooner - Dronning Margrethe ar- rived from the Faroe Isiands, that re- mote northern group between Scot- nd and Iceland. " Owing to unsettled conditions In another 100 shares sold at 79%, a new | Mediterranean ports, the usual mar- ket for the Faroe fishermen, the car- 80 was brought here for sale to a Gloucester concern. 1t was said to be the largest single fare ever landed here and the duty payable was about | $17,000. NEW PLAN APPROVED. NEW YORK, November 27.—Stock- holders of the General Motors Com- pany at u special meeting in Wil- mington, Del., approved the plan recently announced for<the formation 1 pany. " Under this plan the oceu- | panis of the seventy managerial po- ! sitions I the General Motors or- ganization will be given an oppor- tunity to become stockholders in the compun 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 H William S. Phillips Realtor : 15th and K Sts. N.W. ' FOR INVESTMENT | | FIRST MORTGAGE LOANS Denominations $100 to $6,250 Interest Rates 614% and 7% All loans secured on modern homnies and bus ness property in best northwest sections of the city. Ask for Informatiom MORRIS CAFRITZ C Mortgage Department 913 15th St. NN\W. Main 617 IN OUR + CLUBS # OPENING OVEMBER 79T, 1993 FEW-CHANGES SEEN IN RENT CHARGES Special Dispatels to The Star. CHICAGO, November Recent FINANCIAL -4 Safe Investment Money to Loan | Becurea by Srst deed of trust. op raal estate. ¢ Prevailiog intercet and_commiusion. $250, $300 ‘and $1,000, secured oa improved | b 42 Wash, I, & Trust zeal extate:ntcreat 815 per oot pasenie 405eph I Weller 3 W semi-annually. Fidg, ok & ¥ ————————— TERRELL & LITTLE, Inc. Realtors T EQUITABLE Co-Operative Building | gage loans in dedominations of surveys in the United States and Can- ada by the National- Association of Real "Estate Boards Indicate that while_ rents have increased greatly in both countries for business and residential propertics, they are be- caming stabilized at present levels. Single famlly dwellings are the buildings in most demand. © Sixty: elght per cent of the cities included in the survey show a shortage of houses of this character. Fifty-four per cent reported a shortaxe of apart- ments and flats and 43 per cent indi- cated a shortage of business proper- es. An example of the enhancement of reul estate values in this section is shown by the sale of 560 lots in South Chicago for $2,746,850, which one year ago were purchased for $1,000,000 Youngstown Sheet & Tube Company Twenty-Year 6%, Debenture Gold Bonds Due July 1, 1943 Listed on N. Y. Stock Ezchange This issue is a direct obligation of one of the leading steel producers in the United States. Price to yield about 6.55% Complete circular on request The National City Company ‘Washington 741 15th St. N.W. Teleplione—Main 3178 FIRST MORTGAGE INVESTMENTS 6%2% Denominations, 81,000 und upward. Secured on Improved Properties Only JAMES F. SHEA 643 Louisiana Ave. N.W. #3500, 5750, Margin of Security ‘We Demand to Safeguard Clients Investing in Our 7% First Mortgage Notes Insures absolute safety ucder any aud ait ff conditioas. Upholds alse our established record of oever having lost in either prizcipal or interest as much a8 a single penny. G iteed titles and insutmnce policies § fursiav d with all notes | Notes of $100, §250, un to ssm i Now on Hand For full particulars apply 0'Donpell, Loan Department. MONDAY, DECEMBER 1018, AT OUR ‘FIVE BANKING OFFICES o S " Fifteenth Street and Pennsylvania Avenue CAPITAL AND SURPLUS $5,400,000.: - m - CmrermaL—Trm Anp MassacuusETTs Ava. Noriugasr—8rn avp H Sts. NE Sournwesr—436 7ra St. SW. Norrawesr—1140 15t Sr, Anpciation Organived 1870 43d YEAR COMPLETED Asets .. We Offer for Sale FIRST MORTGAGE : 2 wS:ve as Yo,u Earn LOANS cotr e e Bearing 649 e R Secured on HOME PROP- % ERTIES at less than one- half of value. This Is the Safest Possible Security Guaranteed Title Investment from $500 upwards Subscription for the 85th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING | 915 F St. NW. JOHN JOY EDSON, President FRANK P. REESIDE, Secy. Waggaman & Brawner, Inc. Franklin 7485 732 Seventeenth Street N.W. | MONEY . TO LOAN ON FIRST MORTGAGES AT CURRENT RATES OF INTEREST Randal K Hagnee & Ca 2207 Gonnecticat (Benue 'WHO DECIDES HOW YQU WILL INVEST YOUR MONEY? The successful direction oi your own business requires very careful and cau- tious attention. Yeu are most likely guided by facts—net theory. You nced the best judgment ayailable °n it comes to investing vour own Over'a Facts govern our selection of Quarter FIRST MORTGAGES we offer, and each onc has our recom- mendation prior to its offering for sale. Let us help you decide on your invest- ments. of a Century Without a Loss B. F. SAUL CO. Main 2100 1412 Eye St. Capital and Surplus. §2.000.000.00 Suitable for Christmas A Bank Account in an interest-paying bank like this old bank suggests.a practical means of deciding the what-to-give question. ¢ Almost any amount will open an account. x2* FORE! DRATTS provide Convenient way to sexd Xmas Money abroad Natlonal Savings & Trust Co. Oldest Savings Depository in -Washington Cor. 15th and New York Ave. They Work While You Sleep First Mortgago_" otes We Are " Offering— —Those 615 ¢ BUY ONE OR MORE, FROM $100.60 upwards, and then forget all about the investment inthe knowledge that it is ABSOLUTELY SAFE, and that the interest and principal will be paid to you on. the day they become due. We take full charge of all dctmls with cost to the investor. Ring up Main 2345 and ask our exchange- for the MORTGAGE DEPARTMENT—and we will tell you more about this’ [SHANNON- & LUCH; 713 14¢th Stteet_N.W.