Evening Star Newspaper, December 11, 1923, Page 27

HOLIDAY PAYNENTS TOTALMILLIO Enormous Disbursements Now Being Made: Indicate Wide 1923 Prosperity. By the Asrociared Press. NEW YORK, December 11. —Hollday disbursements to gtockholders in American Industrial and roa'road cor- porations in the form of extra, in- creased or resumed dividends, exclu- voting a 16 per cent dividend on ac. count of accumulated dividends of tho second preferred stock Regular dividends In Dez:mber by Industrial corrorations, !t is estimac- e, will total about $68,000,000, a fige ure somewhat greater than Decem- ber, 1922 payments while rallroad dividends will approximate $40.000, 000, also a larger bum than the ur— lers pald & year ago. Extra or increased payments have been confined to no one branch of industry- but mather have emanated Irem practically every line of en- deavor, indicating that the general run of business was profitadle during 1923 despite the perlod of summer depression. The action taken Is ac- | cepted also; in finanelal circles, as conveying the confidence of business leaders In the 1924 outlook. One of Largost “Extras’® One of the largest of the extra payments was that authorlized by di- rectors of the Ingersoll-Rand Com- pany, who voted an extra cash givi- fend of §20, and a stock dividend of ten per cent in addition to the reg- ular payments due at this time. The extra cash adic\'ld;nd amounted to 0, slve of the regular quarterly pay- about § ments declared during December, will total well in excess of £50,000,000, ac- cording to reliable estimates in the financial district. Total dividend disbursements by | such corporations, which include p th!l‘» all of those having wide st distribution in December, is expected to exceed $1 00, while the year's dividends p ¢ ol nggTegat more than § . with about 000 l)l\fl in 1922 £2,400,000,000 in Interest. Interest payments to bondholders, including disb ements of this char- acter on government obligations, av- | addition to the re - | holders January 00, as compared | The Eastman Kodak Company voted an extra dividend of $1.25 on its 2.500.000 shares of no par value stock ourtnndh\x amounting to about §8,- 000.000. This dl\xderd which was in - quarterly pay- ent, would be - uted to stock- , 19824 Among the ger companies which declared extra or increased payments were the following: Childs; E. 1. du Po l ‘]e Nemours Plate {rembers | Carburetor . International Salt Com. eneral Baking Company, nuff Company, and the orage ~approximately $200.000.000 & | Adors Express Company. month, or statistics for the first hs of 1923 disclose divi- ndustrial corpora- and by the rail. | fitty corporations vote extra or increased dividends or au- horized the résumption of payments to stockholders after a lapse in such | nts xu being the actio e f Lord and Taylor Inl special values in time for gift purchases. 00,000,000 for the year. | ICE CREAM FIRMS UNITE.| 1| New Dairy Products Corporation Puts Stock on Market. NEW YORK., December 11—Details of the merger of the Rieck-McJunkin Dalry Company of Pittsburgh. Pa., and the ox Corporation of Chi: na facturers and Jdistributor and dairy products fonths of and net was announced. Jo.; American | N Blow-Knox | iy Glass | Poriland Cement | § THE EVENING STAR, WASHINGTON, D. C., BANK MERGER PLANNED. Directors of Big Chicage Firms Meet Late Today. CHICAGO, December 11.—Plans for consolidating the National Bank of the Republic and the National City Bank of Chicago, are to be laid before the directors of the two Institutions at-a joint meeting late today, ace cording to an announcemsant. Both banks have a capital of §2,. 000.000 and surplus of $1,000,000 each and the consolldated Institution with deposits of -more than $66.000,000 would occupy fifth place in the Chl. cago banking field. —_—e SOUTHERN ORDERS RAILS. BALTIMORE, December 11.—The Southern Rallway System has ordered 50,000 tons of new steel rails for de- livery during the first six months It_1924. Included in the order are 7,300 tons placed with the Bethklehem Steel Corporation to be rolled at the plant at Sparrows Point, Md. BULGARIA PLANS DRIVE TO ELIMINATE SOVIETS Survey Reveals All Bolshevists Were Not Discovered Last Sumrer. By the Associated Press. SOFIA, December 11.—Moscow has ' resumed Its efforts to “re-estabdlish a system of bolshevik penetraiion,” saye a statement issued by the ministertal councll. King Borls and his govern- ment are determined to fight the spread of sovietism, it is announced, recogale- ing In it a real danger to Hle country. fi‘he arrest of a npumber.of soviet agents recently has satisfled the au- thorities that the red sys'sm was no eliminazed last summer. The govern- ment_belleves that Moscow still pian. to work westward through Bulgaria. Russian funds are said to be flowing into this country. On_the North American continent the British possessfons are larger by nearly those of the United States. An Attractive Method of Saving— JOIN OUR CHRISTMAS|| SAVINGS CLUB 50 cents a week. for 50 weeks. .. $1.00 a week, for 50 weeks. $§2.00 a week, for 50 weeks 55.00 a week, for 50 weeks $25 ..... $50 P Interest Paia Citizens Savings Bank 1336 New York Avenue Christmas Savings Checks Cashed The Hecht Co. Christmas Sale of Pianos Through the concentrated and combined buyipg powers of our Baltimore and Washington Stores, we find it possible to offer these ‘We bought carloads of pianos in order to bring the prices down as low as we have. There- fore our volume purchase means considerable savings for you. As a special Christmas feature, you may, until December 24th, pur- chase— Huyler Player Very Special! Baby Grand Electric Reproducing Piano $785 Smiooth electric operation, so the whole - family may dance at orice! Even tone, per~ fect expression, An artistic development of the world’s Perfectly reproduced on a finest music. grand—as the artist played it originally, Gulbransen Player,$420 The - Community model Gul- bransen player, sold nationally at one price, specifically featured by us, and guaranteed for ten years. With a rich, resonant tone, this piano faithfully reproduces the playing of artists. Vollmer Baby Grand $395 Save $150 A Baby Grand at $395! The acme of piano beauty. This fine instrument has a stately genuine mahogany case, real ivory keys, 88 notes, and copper bass strings which insure a permanent, rich, mellow tone. Huyler Player, $295 Save $150 In a case of dignified beauty, ~ rich mahogany finish, this piano is an artistic asset to any home. And a musical joy. It operates easily enough for a child to play it. 88- note keyboard. Bench included. Open to 9 P.M. Until Christmas The Hecht Co. Music Store—618 F St. 100,000 equare miles thar | TUESDAY, DECEMBER 11, 1923. Cooperative Saving Used Car Sale Auspices Washmgton Automotive Trade Association We have used cars of various makes, condition guaran- teed. Every car is properly tagged, showing the price and savings in ac- cordance with the Co-Operative Sav- ings Used Car " Sales Plan. The Washington Cadillac Company 1138-1140 Connecticat Avenue Dodge Brothers Dealers Sell Good Used Cars We look upon every Used . Car purchaser as a pros- pective owner of & new Dodge Brothers car. Naturally we take particu- lar pains to see that he re ceives “Dollar for Dollar” value and s pleased with his investment. We have on hand at present several late model Sedans, Coupes and Road- sters. Semmes Motor Co. Used Car Dept. 613619 G St. N. W. Our stock of used cars consists mainly of Reos that have been mechanically recondi- tioned, repainted, tops and upholstery reno- vated where necessary. They are attractively priced and can be pur- chased on liberal terms. The Trew Motor Company 1509 14th St. N. W. Reo Distributor. To Get the Most for That Which You May Spend for a Used Truck BUY ONE OF THESE 2-ton Autocar, dump body and hoist. 13§-ton Lippard Stewart, ex- press body, closed cab. 2-ton Velie, cab, body and hoist 8-ton Republic, body and hoist 2-ton Service chassis. 1-ton Norwalk chassis. 2-ton Nash chassis. Also Rebuilt Witt-Will Trucks Witt-Will Co., Inc., 52 N St. N. E. Phones Main 5854-5855 AUTOCAR has several used trucks, 1% and 2-ton capacity. These trucks have been rebuilt and are guaranteed, They will be marked at re- duced price during:this sale. Autocar Sales & Service Co. 13th and Penn. Ave. N. W. N-A-S-H Cooperative SAVING The Used Cars on our floors have all been reduced in accord- ance with the Auto- motive Association's Used Car Sale— For Example— 1923 NASH Touring a demo nstrator — used by one of our salesmen—new paint Job — perfect tion — almost tires, etc PRICED RIGHT Hurley Motor Co. Our Reputation Is Your Protection Phone N. 6462 condi- new Our stock of used cars includes various stan- dard makes and models, condition guaranteed. Every car is properly tagged, showing the price and savings in ac- cordance . with the Co- Operative Used Car Sales Plan. . T.W. Barrett 24th and M Streets Included in our stock of used cars are a number of late model Buicks that still have many thousand--miles of un- used transportation. ftanley H. Horner Retail Buick Dealer. * 1015 14th Street PACKARD “The Safest Used Car Market in the World” Several extraordinary values offered for this sale. SrECIAL Fractieally New HUPMOBILE SPORT ROADSTER, $R50 Durant 1922 6-cylinder touring, fine paint, good tires, run 10,000 miles. The first $400- takes this car. Try and match this value. Also Franklin touring, Pierce Arrow touring, Lo- comobile touring, Dodge touring, Packard open and closed models. Terms may be arranged. P-W Motors 1707 Kalorama Road OLDSMOBILE Used Car Department ‘X‘n ben MBI-AL‘(B ever known, and- iteed as re) lbd the EAH T lir)d of TER' arranged. You should buy now while Prices are low. You will pay mere in the SPRING. We give 4 W ach you “cars aid be convinced we ean with CAR. PRICE AXD TER! L. Oldsmobile. Decman Sirater . Demonustratar 1990 Fiat Roadster 1881 Shertdan, Rosdster 920 8.Oyl. Oldsmoblle i1 cmmh oo 1923 }m &8 ou—.m- Yunl lan !fll Dfld Ilnlh‘ ('fidsmobnle Sales Co.- 1885 14th St. Potomac 1000 Open Evenings and Sundays _ He Bought a Peerless A Good Selection of Cars in Excellent Condition Buick Roadster, 1923 Jordan Touring, 1921 Studebaker Roadster, 1922 Paige Touring, 1922 Wescott Touring, 1921 Cadillac Sedan, 1920 Cadillac Victoria, 1918 Stevens Coupe, 1922 Peerless Couve, 1923 Peerless Sedan, 1923 Peerless Touring, demonstrator, 1923 Ford Sedan, 1522 These Cars- Are Specially Priced for This Week Easy Terms Open Evenings Peerless Motor Co. 14th & P St=. M. 8077 In cooperation with the Used Car Sale un- der the auspices of the Washington Automo- tive Trade Association, we are offering a num- ber of bargains in used cars which are all properly priced and tagged in accordance with this plan. Cash or Liberal Terms Emerson & Orme F.3860 1620 M St. N.W. Ungerer Motor Co. 1136 Conn. Ave. Distributors VELIE Motor Cars We have a few Used Cars—in very good con- dition—at prices you will - appreciate. Marmon Agency 1909 M St. N. W. We have a number of rebuilt and repainted Marmon cars in vari- ous body types; also other makes of cars, such as Stephens, Ca- dillac, ete. Every car is properly tagged, showing the price and savings in accordance with the Co-Operative Used Car Sales Plan. T.V.T. Motors Corp. © 1909 M St. N. W. " We are showing some ex- ceptional values in Used Cars priced in accordance with the Washington Auto- motive Trade Association’s Co-operative Savings Used ‘| Gar Sale Plan. Among others we have a 3-pass. Maxwell Coupe, an Oakland Sport, an Oakland Sedan and two Stude- baker Light Sixes. Potomac ~ | -Sales Co. 1111 14th Street N. W. Phone Main 2500 OAKLAND These Reductions for Used Car Week Only bl 1920 Ford Sedan...$185 $100 1922 Dodge Roadster 550 425 1922 Dodge Touring 600 500 1921 Dort 375 275 1922 OQakland Tour. 500 400 Other makes from which to make your choice and terms that will please you. Special! Business Man’s Coupe Model 6-44 Oakian ished, well equipped 50 able car, reduced from $775 to $650 or $290 cash, balance $37 per month “Remember the Address” OAKLAND 1709 L St. N. W. Buy Now and Save You will save between 50.00 and $150.00 if you urchase that used car dur- ng this sale. Most of these ‘ars have been repainted nd reconditioned and rep- esent fine values. Several re “Bonded Used Cars.” COMPARE PRICES 928 Maxwell touring 22 Maxwe Ford touring. 21 Ford tooring 1919 Oaklazd t. 1820 Bulek T-pas. H. B. Leary, Jr. 132123 14th St. N.W. Hudson — Essex Customer good-will is mot * a tangible asset but never- theless is essential to the sugcess of any “us Whether it be used car that yo iurchase from us we endeavor to so handle the transaction that we not only make a cus- tomer but a friend as well Lambert-Hudson Motors Company Used Car Department 633 Mass. Ave. Frank. 7700 Attractive Values In used Trucks of any tonnage during Cooper- ative Saving Used Car Sale Week. Commercial Garage 6th and C Sts. N: W. +{Main 3650 Phonce’ {y rank. 8110 1923 Rldunblchr Coupe (Demonstrator) 1823 Rickenbacker Touring (Demonstrator) 1922 Rickenbacker Sedan 1923 Stutz 4-pass. Calif. Top 1923 Maxwell Sedan 1922 Darant - Touring 1921 Cindh» 7-pass. Touring 1921 Stutz 6-pass. Touring 1820 Buick G-yl Touring All the Above Cars Have Been Recondxtloned Hoffman Motor Company 1509 ‘Mtl!'st. Main 520 Rickenbacker Stutz