Evening Star Newspaper, December 5, 1923, Page 29

FIN e e HEAVY LOSSES DUE 10 FALSE REGORTS Sharp Breaks in Cotton Traced to Untrue Cables Sent to England. December the . cotton w cenonsible rding England in the rding erpool to § in the south itish Kets to dispatelies owers and trad- latter de- hor of the and pun- tive in- in the pric the a Anienie cabled had L 10,500,000~ Lown privi As this crop from a well ki reporting bureau kad recent predicted 9.500.000 bales or under, ¥ increase upset traders in nd Manchester and those Jght cotton on contrast to unload. stimate Denfed. reau a Crop not bec )1 wus 130 point thun cxpeeted. The attitude abroad which has Lullishness for weeks, was such t a great many traders e into unloading the: Seve de stepped into thern markets, their buving the trade a breathing spell the der of the estimate t on the belic ank since the 248,000 have the crop has ent estin issued. erop would not e It is easy to an ¢ te from bureau =0 much above nx would up the mar Manch merch: rplexed t British Elections Watched. Er ught up ove <h merchants are en yus orders products should party, headed by Win_ tomorrow’s mier is making form of a pr ve tariff, and im s are preparcd to order in two supply of goods from the out- ide world before the tariff regu- iations proposed can be made effec- lish for Baldwin, The pre- norter. Jt automobile tir s and othe > pre at shore notice t the fruit r h the Baldw Do an apples, anadian fr pre HOLIDAY BUYING IN HEAVY VOLUME Pittsburgh Will Easily Pass All Previous Records in Christ- mas Trade. TSBURG mber ed here in as to in will be stores, H, vo ar's re Depart as the smal sords nt re being broken ntiment has im- nd production is holding up ‘considering that this is the month of the y The out- >r sheet and tin plate mills is any time for six stocks have been production in that de. be active. Bullding s but materials still ar Tlg ed and hown no improvenien COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY PHILADE Worsted ¥ HIA, n prices con December wn in raw wools n Spinners a Ivance in yarn been operated extensivi and profitubly for t ast eighteen months in Georgia, rida and Ala- hama. Production I8 exceeding ship- n i and new orders. and dealers ve begun to buy cautiously. TON. December & pleted in the —Ten wells Dowell fiald 41600 bar- . Which start- rels. A ng the ining. this week aber of drillers . now that produ ed December in the eastern standstill. There hutdown for the v, and few opera- Lurry to resume. ITTSBURGH, lopment wo! s is almost tie oil T WORTH, December 5.—The ¢ veet POLATO CTOD NOW 15 estie mated at 6.850.000 bushels. This com- pares with 5.715.000 bushels last year. BOSTON, December 5.—Wool con- sumption in October was the largest ¥ month since June, amounting .R41.976 pounds, of which 47 per cent was spun in New England mills This, however, does not include th, poundage of ‘the American Woolen Company. which is about 20 per cent ¢ the total Increased consumptiof Las strengthened prices. - TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) Rate—Matcrity 43 December 15 13, s March arch s Juae 15, 1034, 15 September %n March 15. 1625 <188 Tune 15, 1923 4%s December 13, i e 5, 1 4ils Reptember’ 53 March 15, 19" @74e December 15, 1827.. ral beltet | his fight on the plat- | 5—De- | ANCIAL, TH NEW YORK CURB MARKET Recsived by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN. EW YORK, December 35 —The feature of the curb market dealings today was a break of 5 points in Centrifugal Cast Iron Plpe common. At 30 the stock was almost § points under its recent high. As meoting of stockholders has been calied for December 20 to consider the proposal to turn over to } the newly organized Contrifugal Pipe Corporation of Delaware all the 1 of the comyp w the ption of 10 cash or the equiv- alent It is expected the latter com- pany will issu ) of the 1000 shares of no value on basis of two shi of new estock for elght of the common now out- standing. Kr sots ex- Department $to W YORK, —Follow n ofticial list of bonds A stocks traded in on the New York Curb Mar- ket today December BONDS, 1 1co s STANDARD 011 0 10 T P Imp atert g L. DENT OIL STOC H 10 Hoston-Wyo 011 . ] 0 Carib Syod . Seato.td O Gas & | , SALES. 5300 at 4 000 ar 9% teambont Co 1 Traction 5v 1an Park Hotel fis Nurfolk and Washington 1 21 Washington Gas Light—3 10 (LA Mngton Gas Gs '33--$300 at 1001y ma¢ Flectric cons. s—$1,000 at o] nt 875, . Mington Rws. and Elec. 45—$1,000 at 603, v“ r Linotype—2 at 15 . el - 5 ana '8 per ceat, | BONDS. Bid and Asked Prices. PUBLIC UTIL[T!,“ i Tel. & Telga. 48 | Amert 4 Telephone 35. | ¢ & P. Telephone of Va. 5 | Capital Traction R. R. { City & Suburban Bs. | Georgetown Gas 1st | Metropolitan R R | Potol | ot nue to re-| nglish | holding firm | 1ty . ity Gu (short) rket Cold Sto: rk Hotel 65 STOCKS. PUBLIC UTILITY. American Tel. & pital Traction - Capital . Columbia Commercial District . Farmers & Vaderal-Am l\"‘llfll\l‘ Metropolitan Rigxs | Second can Sec. & Trust | Amertcan Sesc & t Commerce Fast Wa I 30 FIRE INSURANCE. . 210 MISCELLANEOUS. . C. Paper pfd.. 3 Memchants: Transtor & Storage. Mergenthaler Linotype Washington Gas 5—$1,000 at 933, $300 !stock from $100 par to no par and a i active er of the epecialties, and was just under the recent top. A 4313, it was almost 9 points abov the low of last week. The uncon- | firmed report iy that Kresge is ncg tiating for the purchase of a N York organization. Syndic | and Southern State terest of traders in oil stocke. former advanced well over « point from Tuesday's low, while the latter | made another mew’ high. Southern | States is capitalized at $20,000,000, of i which $2.715,140 is outstanding. = It has paid dividends at the regular e of 1 ptemt | dis nt. oll she it in ‘the s course short ¢ of a half point . numerous ! ues, while most of the nts were supported around losing quotatio wholly dent that son | indepe Goodyen fud & 4 1 1 Comp Kiores & L. b Mitnes & Crown Reserve Dolores Exy Thamoudti B Eureka Cron Iy 5 PER CENT “EXTRA.” | | | | | Regular Payments. NEW YORK, ™ mber 5.—The burgh P Giass Company to. declared an extra dividend of nt. in a John Hill, Jr., Put Bucket Shops Out of Chicago. CHICAGO, Decembe fir, sixty-six 3 the board of years, who w vears old, !ink | Washington Stock Exchange. wmpad At his T floor of tb December p11ds Compa pecinl meecting today, appro proposal to change the common present stock on hares for e - also_approved horize 750,000 no in omler to ac- ange and author- exchamging the basis of five no-par $100 par share. Th the proposal to aut par common sha complish the exc ized the sale of 30,000 new share: There are at present outstanding 40,000 shares of $100 par common stock. TODAY'S EGG PRICES. NEW YORK, December 5.—Eggs, steady; %, $847 cases. nearby and nearby western henner | bage whites, firsts to extras, 61a70; P. fic coast whites, extras, 68ai0; firsts to extra firsts, 61a67 FIRST FLORIDA CABBAGE. NEW YORK, December § (Spectal). —Floride new crop Wakefleld made {ts frst avpearance on New York city market today and lemand at $2 per 113 the met a limited bushel hamper. First Mortgages $250 and Up t ‘Write or Call for “Booklet, | William S. Phillips 15TH ST. AT K N.W. Main 4600. Money to Loan Secured by fest deed of trust on real catats. Prevalling interest @nd_commission. oseph L. Weller gVl & § &t The Margin of Security ‘We Demand to Safeguard Clients Investing in Our 7% First Mortgage Notes nsures absolute safety under any aad ouditions. i It l] Coholds also oor establishea recora of l| never having lost i eltber principsl or Interest/ns much as a single penny. Guara'iteed tities and {asutance policies furniskd with il notes. | Notcs of $100, $250. up to $5.900 Now on Hand ] 1 « Yoc full particulars apply te Ar. ©0'Donell, Loan Department. CHAS. D. SAGER 824 14th St N » Main 36, | | Pittsburgh Plate Glass Also Votes cab- | | el wooa, Gre i i I ble, : E_EVENING STAR, WASHINGTON, D. _=——e === = 0 = == = APPLY FORD DEAS INTETLE MILS Continuous and Automatic Methods May Entirely Change Cloth Making. By the Associated Press. BOSTON, December dicul de- partures from common textile manu- acturing practice will made in the new cloth mill unit which Lock- & Co, mill e of this city, are laving out for the Ford Motor Company in Detroit, ac- cording to an article by Kenneth Moller, director of Lock & Co., in the company’ Bullders. “Success in other fields of manu- facture,” the article says, “has led to conslderable speculation as to the possibilities of applylng Ford meth- ods to textile production, This work v far enough along to describe It show that textile history is in king in connection with the o be 1o work Theé engineers are cor the Aviatfon building in I first unit of a mill to m: the cking of amificial le seats and tops in the motor compa: cars. The been to mal says Mr. Molle ¢ the process us nearly continuou nd automatic as possi- with a view to conservation of labor and reduction in cost of manu- acture. While much remains to be before final methods and are decided upon, he 7 now points to A Drocess 11 include automatic feeding « next in the from bale » to draw- which from on g, the “thi ¢ unlike any ot nutacturer, with the Ford, doubtless would hesi- tate to attempt to make in it the in- tended product ROAD PAID IN FULL. I. C. C. Honors Seaboard Air Line’s ‘Wartime Claims. A payment of $630,158 1o hoard Air Line wus autho by the Interstate Commerce sion, compieting 2 total of § ‘h the roud was entitled from the & iment of the tee of 1g the first six months vination of war- imtrol SHORT-TERM SECURITIES. o re- in p: carnings oad Anglo- American Of & Ohio Northern Argentine R rul Leatner 5 Tark Ruhber UNDER UNITED STATES GOVERNMENT SUPERVISION Safety and Interest Guaranteed 49 Savings Deposits 4 %o 5% Certificates of Deposit5 % Free Checking Service Banking Hours: §:30 to 5 P.M. THE DEPARTMENTAL BANK 1714 Peansylvania Ave. N.W. Plor’s Ratings after ter- | , WEDNESDAY, DECEMBER 5, 192 SAYS STUDEBAKER CO. - |FISHER BQDY PLANS MADE WERGER OFFER| 19 EXPAND PLANTS Maxwell Director Announces Con-{ solidation Plans Have Been $10,000,000 Project Will Give Firm Its Own Supply of Abandoned. By the Associated Pres Plate Glass. NEW YORK, December §—Con- firmation of reports that the proposed merger of the Studebuker and Max- well Motor companies had been aban- doncd was furnished today by James C. Brady, a director of the Maxwell Company, who declared that the overtures for such a union came from the Studebaker corporation. HARDWARE TRADE SLOW. | EY the Assoclated Press. DETROIT, Mich, December Plans for reconstruction and enlarge- ment of the plate glass manufactur- ing plant at Blairsville, Pa., and the erection of a new plant at Ottawa, larger than the present plant are announced by Charles T. . vice president of the Fisher here. Hoth plants! tional Plate a subsidlary of the B Bigger Christmas Business Than in 1922 Expected. Speciul Dispatel to The Sta NEW YORK, De ware Age in it mary will “Holiday tr: attention of fobber: all the hardwa the country. that the volum this vear er than in 1 “All lines in w ghow stroug upward pric» tnduncies. | | ¢ regarding future price i is believed to tho wennen Tor therl Aendiecionie) hesitancy of retai a placing fu-( €1 AND, Ohio, December 5.—1 | ture orders. Trice shad M cons | For the fourth consecutive month, @ g dons o large huyers ported is shown in_ the number of rom e sections cctio by the larger are satisfactory cording to the mude yesterday by ITALY’S WHEAT SUPPLY the labor atlons committee of the ENOUGH FOR OWN NEEDS Company, by ny. ated _cost of the entire ceeds $10,000,000. The pro- gram I8 expected to make the Fisher Company able to supply all of its own ddmands for plate glass, accord- ing to Mr. Figher, ——— WAGE EARNERS LAID OFF. Fourth Monthly Decline in Cleve- s throushout rts indicute | ol Cleveland ha of Commerc: During Nov 2,548 wage earn uid off by the 9% esta ploying 500 or mo: rners which rey - t This Is 2.8 per cent of the total number employed by these compantes. The great decreage was in the auto- | mobile industry Federation of Agri Consortiums announced tod: the wheat harvest in Italy this Year amounted to 61,000 000 quintals, which, with the 1 00 still on hand from last & cient to meet the country's tii next He added, how that in view of the internationtd sit- uation ft would be necessary to im- | port 10,000,000 quintuls ‘maintain | the reserve | | | No: Asac Mrs h Carolina Stx iation is headed by a wo J. ¥. Stevens of Green me man, boro, s u ver, FIRST MORTGAGE INVESTMENTS 6Y2% Denominations, $1.000 und upward. Secured on Improved Properties Only JAMES F. SHEA 643 Louisiana Ave. N.W. AIR LINE TRAFFIC UP. NORFOLK ‘That traflic is continuing € d by an in December 5 - Seabourd Atr Line | heavy rate is indi- | e of 14.9 per cent | in loads moved <Quring the last' f\\‘f‘-’k in November, compared with| {rame week a year ago, the fgures b 800 against 01, During Novenmber total lo: ounted to {170 4, compared wi in the same month of 1 of 9.3 | per cent $500, 8750, NEW CURENCY PLANNED. WAR issue 1 mitted to th for a bank of iss the cabinet today i First Mortgage Loans b Lowest Kates of Interest and Cflflnllfl.ll Prompt Action ‘Thomas J. Fisher & Company, Inc.'; | cussed by | nece T38 10th Rtreet FOR INVESTME Salesmen MORTGAGE LOANS Denominations $100 to $6,250 Interest Rates 6% We have places o1i- fering excelient op- portunity sciling hig! class sccurities. Only with strongest as to in- nd character thase references t All loans odern homes arity n @ northwest J. E. White- 17 Southern Building Mortgage Department * 913 15th St. N.W. Main 617 t; & stablished 1889 Fust Mortgage Loans In Convenient Denominations For [Investors Interest 612% | 912 Sifteenth Street Main 6885_] The Officers and Directors of the International Exchange Bank Announce the Opening of Their New Banking Quarters Fifth and H Streets N.W. _ And Cordially Invite Your Inspection Thursday, D;Zember Sixth ineteen Hundred and Twenty-Three 9 AM, to 9 P.M. J. SCHIAVONE, President. FINANCIAL. . 26 8% FIRST MORTGAGES | We are offering the above In amounts from | $2,000.0¢ upwarde. of vulue of property, with fire iom ering full amount of loan. Title iny our ‘attorney’s opiulou furnished. No c made for coliecting auarterly interest coupons This city conxidered most mulmtantial in Florida. ( BANK OF BOUTH JACKSONVILLE. 60UTH JACKBONVILLE, FLA. Established 1912, Safe lnvestme;t— st mortgage loans In denominatiors of ., $T00 and $1,000. red on improved 1 estatc; inlercst 6% per geat, payable semianuatiy TERRELL & LITTLE, Inc. 1208 l&!’:";tr.- NW. EQUITASLE Co-Operative Building o 350000 ARE $1,000.00 | THEY You may obtain any of these denominations in our FIRST MORTGAGE NOTES upon prompt ap- plication for the number desired. They all pay to- day 615% interest, and the buyer is relieved of every care--with full as- surance of safety and prompt payments. Ask our MORTGAGE DEPARTMENT for full information. Shannon & Luchs 71314th St. N.W. Main 2345 THESE Association Organized 1879 43d YEAR COMPL Vasets . Surplus TED 762 $1.207.281 Save as You Ear Wag to ger whead: fiuas s e’ Equitabie n rian wire Jotn Subscription for the 85th Issue of Stock Being Recelved Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOIIN JOY EDSON. Prestde; FRANK P. REESIDE, Seey. If You Believe in the United States—You Believe in Washington! Have You Funds Now for Investment? It so, you will find it well worth wh to inquire into several very attractive ferings of our Securities Departm phone or write for complete inf Allan E. Walker Investment Co. 813 15th St. N.W. Main 2690 —will find that our FIRST MORTGAGES B. F. SAUL CO. Main 2100 1412 Get Into the Coupon-Clipping Class VY means when you yourself can quickly get ¢ into the coupon-clipping class of bond investors? By following an easy plan, which we will be glad to explnn, you can immediately double the income on your savings, and then make your savings double themselves. Let us tell you, without any obligation on your part, how quickly you can get into the coupon- clipping class by putting $10, $20, $50 or more a month into our First Mortgage Investments at 6Y4% to 7.13%. NO LOSS TO ANY INVESTOR IN 50 YEARS Clhe F.H.SMITH COMPANY Tounded 1873 FIRST MORTGAGE INVESTMENTS SMITH BUILDING 815 FIFTEENTH ST. 2wPlease send me your free booklet, “How to Bulld an Independent Income.” 1