Evening Star Newspaper, December 13, 1923, Page 29

. FINANCIAL. FURNITURE TRADE | IN HOLIDAY BOOM Sales Jump as People Turn to Useful Gifts—1924 Out- look Is Bright. BY J. €. ROYLE. Epecial Dispatch o The Star. W YORK, December 13.—Furni- ture vans are busier at present mak- ing deliverles than at any time this year, according to authorities in the fur ure trade. The holiday gift buying, seeking an outlet along use- ful lines, has quickened retail furni- ture sales sharply. This tendency has been augmented by redoubled adver- tistng effort on the part of dealer: and the trade is figuring on far better than average volume of sales for the month Both the furniture manufacturing £ltuation and the position of the deal- < give promise that this Improve- ment will be continued in 1924. Ad- vertising, both national and local, will 1ot be allowed to slacken, and im- proved methods of production and distribution are counted on to enable consumers to buy more advantage- ously than at any time since the 1919- 1920 peak was passed. Wuge Sam Expende Approximately $580,000.000 worth of furniture will have been purchased by January 1, according to trade statisticians. ~Prices realized have been from to 40 per cent higher n in 1914, the close of the 1920 period. rices and sales movements have reflected a wholesome back-to- normal effort,” safd E. M. Wakefield Wwho as an anaiyst has been closely associated with the industry for ten Years. “During the brief period of post-war {nflation, prices rose in some instances 150 per cent above 1914 Jevels. But the readjustments of the last three vears have been thorough €nough to be permanent, but not so #brupt as to demoralize the trade Good furniture today costs the house- holder only 30 to 40 per cent more than before the war.” See No Cutx In Prices. Manufacturers declare vigorously that industrial costs are such that Teduction of prices on present furn ture designs cannot be made at pre: ent. but there is a movement under Way for the production of styles which may be offered b retailer nd consumer at prices 5 to per cent under present levels, It is ex- pected that these will he presented to the trade and the public at the sem:- al furniture shows In Chicago and nd Rapids, In January. Manufie- turers hope these new designs will stimulate buving, both in the whole- sale market and on the retail floors As to styles, history is repeating itself. TDealers declara that the de- signs of tiHe Italian renaissance pe- riod are in most demand for dining room furniture at present, while the nodels associated with the names of louis XVI and Queen Anne are be- 15 chosen for hedroom sultes. Of 1¢ two, the French furniture is the favorite, so far as sales records show. Perfod Fashions Popular. According to the cycle of furniture sashions, William and Mary styles lave gone into eclipse, being sup- ylanted by the heavier and more sub- siantial types of the renaissance, when chair backs had to be guaran: teed to turn a dagger. Furniture manufacturers that these styles will prevail at the January exhibition. although they will not supplant the ¢ > sehool fostered by Heppelwhit Chij sendale. Walnut and m v are woods most housewives are s Jocting. These are not shed, but are of the dull, rubbed-in _finish lknown in furniture circles as “Tu- dor.” 10 declare New Combinations. Cost and lack of space in city mpartments have brought the two- plece upholstered suite into promi- nence over the three-pieca suite. The new combinations include a daven- port and chair to match or a Tux- edo sofa and a Coxwell chair. The seat of the Tuxedo sofa is formed of removable. spring-filled cushions. The back is plain and lightly upholstered, comfort being supplied by loose, down-filled pillows The overstuffed re fast disappearing PLEADS NO DEFENSE. Arraigned in Gearless Broker Motor Conspiracy Case. THE NEW YORK CURB MARKET - Received by Private Wire Direct to The Star Office BY WILLIAM F, HEFFERNAN. NEW YORK, December 13.—It w: another day of rising prices on the curb market, with practically all classes of stocks sharing in the im- provement. The latest figures on crude oil out- put were discouraging in that the dally decrease of 76,850 barrels in the week ended December 8 was more than offset by the increase in imports. The street, however, pald more atten- tion to the advance in crude oil quo- tations in northern Texas. It was believed in some quarters that this was a forerunner to higher prices in midcontinent quotations. Prairie Oil and Gas gained over 4 points and Standard of Indiana reached 60. The rise in New York Transit carried the stock up more than 1% points, while Standard of Kentucky made up the dividend of $1 which came off the stock. South- ern States reached a new high for the year across 20% American Gas and Electric new was onc of the speclalties and jumped a point to 43. This stock was influ- enced by the increase in the dividend on Pacific Gas and Eleetric rom 36 to $8. Clties Service common was also bid up sharply, advancing al- most 4 points. Active buying of St. Croix mines followed the report Wednesday that new equipment is to be installed at the mine. Hawthorne was another favorite of this group. and sold at its best price. The speculative Allted Packers Ss furnished the feature of the bond sectfon, getting up another 2% points to 77%. the rights to subscribe to the new New York Central stock authorized by the board of directors Wednesday. The amount so authorized was 10 per cent of the present outstanding capital. There were wide fluctua- tions in these rights between 45 and Rights also provided under the New York Central plan to acquire at a nominal price. the Reading coal rights, were dealt {n for the first time around 3% ——————— NEW YORK, December 13.—Follo ing is an official list of bonds and stocks traded in on the New York Curb Mar- ket today Sales in thousands. 5 AllTed Packers fn.. 20 Allied Packers Ss. T Alum 7 19 : 5 Am Gas & e < 2Am T & T 100k, 10 I Anaconda bs - % 101% ZATGE W dis a4d 2 Retn 107 10 53 Chgo_Northwest a5l A 16 Cit Kerv 78 € B msiy 1 it Serv 7% D P 6 Con ias Hal 97 b on_Textiles R W W Sure 9 102% 102% BONDS. High a0 174 73 102 102 Tow, o 8 Detroft Edison 6. 7 Dunlop T & R 7x 4 Federal Sugar 6% 1 Fisher Body 6 101 0t 1001 104 aniy 96 831 e 101 1011y o8 10815 1043, 10515 1061 1057, 10574 01 1011y Doy el D101 7 1007 So108 T 108 BONDS 1 Hood R 3% 15 Inter Mateh 6ize w 1 3 Kan City Term Sigs. 10015 104 PN, e a1 K31y Toemi 101 10114 3 Ohio Po 3 Phila_El 5 PhIl Pat Tl w 7 Pub Sery of N ¥ 1 Pub Ser F 2 Reading_( 2 Swift & Tidal Osage 2 United 01l Pr 1 Vacoum 0il 78 FOREIGN 15 Weh Milix 3 Govt of Are Mavican Govt 1 Rep of Peru Se 4 Russian Gost & 10 Ruse 1 Rimstan 4 Ruxs G Swiss Gort 5 8 of Mexic STANDARD OIL ISSUES Sales in units. 200 Anglo Am Oil.. 40T P L. 10 Imp Oil of Can. 2200 Intl Pet Co Ltd 170 Magnolia Pet ..... 50 N Y Travsit.. 1000 Ohio Oil uew 1540 Prafrie Ol & 600 Penn Me: 435 Prairie J' 1L 35 Solar Refin N Routh Penn 0l 13800 S O Ind.. v 8 0 Kan 90 8 0 Ky 1000 S 0N ¥ new 10 n & Finch 2600 Vacuum OIl new | Sales INDEPENDENT 0I5, STOCKS. in hundreds 4 Boston W 17 16% 140 17 Cities Service B cfs 148 40 Creole Synd ... 2 Derb 0 & R pf 30 Engineers Pet . 7 Federal Ol . 1/Gen Pet .....o... 10 Glen Rock Ol ulf Oil of Pa . 15 alf 8t 0 & R'wi N4 0& RMRw 1% 20 Hudson Oft ...... .05 30 Keystone Ranger .. 2 Kirhy Pot : 10 Livingston 0if Corp . xer. acalers <av. | Washington Stock Exchange. SALES 500 a1 047 i %, 55T at 100, at Ty, $T.000 wt 103 Iiges. Reaity (longs) Ss—$1.000 at Washington Rwy. & Einc. pfd.— National Metropoiltan Tiank—10 at 1,000 at 1,000 tropol tomnc E 03 at 7115 PITTSBURGH, December 13.—Paui Moscau, a stock broker, of New York, ered a plen of no defense in federal court yesterday to an indictment charg- ing conspiracy to use the mails in a heme to defraud, in connection with e sale of stock of the Gearless Motor rporation, a bankrupt concern. The plea was made while Moscau was testi- fylng at his trial and that of Duncan MeDonald of Salem, Ohlo; Frank E. MeClintock and H. R. Starnes, both of Pittsburgh, officers of the company. The government charged that the four defendants conspired to obtain more than $1,200,000 through sale of stock. _ AIR LINE PAID IN FULL. Seaboard’s President Notes Gov- ernment Settlement. YORK, Décember 13.—S, Da- Warfield, president o the Sea- d Air Line Rallway Company »unces that the road has received 0,000 cash in final settlement with government for the period of ration during the war. ent was made in Wash ington recently that negotiations be- tween the company and the govern- ment had been concluded. “The settlement” Mr. Warfleld said, “was based on the annual rental Yalue to the government of $7.800,000, ;s compared with the sq-called certi- fied standard return of approximately £6.500,000. All federal control ac- Counts against the Seaboard, includ- ing trustee accounts, are settled.” BUILDING SHOWS GAINS. Southern Group Makes Best Re- turns for November. NEW YORK, December 13.—Returns to Bradstreet's as to building expendi- tures in November, received from 160 our of 176 cities regularly reporting, give a fairly close idea of the trend of building construction in an ordinarily small month. The total estimated value of this construction for November is given as $245,037,243, as against $265 67,057 at the identical cities in October and $200,080.543 in November last year. Thers is here indicated a decrease of per cent from October, but a gain of 9 per cent over the month of Novem: ber & year ago, The southern group is the only one reporting a gain over Oc- tober, whereas the southwestern group j9 the only one reporting & decrease from November a yeal ago. COAL OUTPUT DROPS. ‘Warm Weather Conditions Have ' Hurt Markets. NEW YORK, December 13.—Weather .onditions and the usual holiday ‘pirit dominate the soft-coal market. Production Is in keeping with the keneral downward tendency towara the end of each vear; fn both hard nd soft coal fleids there is a let- ng down in demand. The geological survey summarized ' conditions last week by noting that twenty-one dis- tricts out of thirty-two record a gain in time lost because of lack of de- mand. and twenty-four districts are operating with losses of 40 per cen ur more of full time capacitys:du 10 poox markety The publ \nnounce AFTER CALL. Lanston Monotspe—10 at 70, 5 at at 70 & Capital Traction Co—3 at 97%, 1 at 978 Washington Rwy. & Elec. com'—11 at 897 Money—Call loans. 5 and 6 per cent. BONDS. Bid and Asked P PUBLIC UTILITY. Bid. azig 104 081, 1 70, 5 at es. Asked Amertean Te iy American Tel. Am. Tel. & Tel Am. Tel. & Tel Anncostin & Potomac e Anscostia & Potomac guar. C.& P. Telephone C. & P! Telephone of Capital Traction R. R. City & Suburban Gs... Georgetown Gas 18t Metropolitan R K. Fotomae Lier, st 0 - Potomae Elsetrie cons. Potomac Elec. deb. 65 Potomae Elec. 8 1633 Pot. Flee. Pow. g. m. & ref. Wash., Alex. & Se. Ver. Jo... Wash., Alex. & Mt Ver. u et Wadi., Balt. & Anoap Washington Gas B<.... Waslington Gas 6. Wash. Rwy. & Elec 18 MISCELLANEOUS. D. C. Paper Mfg. 68 Riges Nealty 03 (long). Rigks Realty 55 (short) Wash., Market Cold Storage Wardman Park Hotel Bs. STOCKS. PUBLIC UTILITY. erican Tel. & Tel ‘apizal Traction Washington _Gas. Norfolk & Waxh & El conv. 208 230 141 160 capital .. Columbin Commerc Farmers, & Mechapics Federal-Amers Liverty Tncolls oo osesrn iione1 Metropoiltan | S AR Natlonal Bank of Wasiilngton TRUST COMPANY. American Becurity & Trus Contiriental Trust... Bank. ings & Trust. Nationel TITLE INSURANCE. bl Title.. ol Estate Titie... MISCELLANEOUS, . Papes pfa.... 3y Merchants' Transfer & Storage.. Mergenthaler Linotype.... 0ia Dutch Market com. 5 0ld Duteh Market pfd. 2 Lauston Moootspe. > Security storage... i ‘Washington arket... . Yellow Cab. = = x-gividend, ¥Books closed. dad | are 11 Livingston Pet 27 Mariand ... & Monnt Prod Mutual O Vot © 3 New Headf Ol w i 8 New Eng Fuel Oil. % Mex Land.. 30 Novle 01l & 18 Omar 01 & 2 Peer Ofl Corp. 17 Pennock 041 1 Red Bank 0il 24 Royal Canad 0 & R 2 Ryan Con . 5 Salt Ck Prod 8 Sapulpn Refin . board Ofl. outh States 01l idal Osuge Ol Turman Oil.. 13 Wileox 01l & Gas.. Alum Mfg. . . 2 A oW W Multig 1 Archer b 2 Atiantic Fi 5 Bkiyn Shoes inc % Bridgpt Mach w Brit-Am “Tub Cou Rl T 27 Chi Nip new w i 1 ChE Nip B te m wi 1 Curtiss Aero pf ¢ d 2 Dictaphone Corp 21 Dubttier C & Kadio 8 Durant Motor .. 5 Du Pont Motors. .. 1 East Steel Castings 6 Dunhill Intl, Ize 4 Glllette ® It ..., leasontte Frod Co Glen Alden Coal 1 Gold Dast Corp wi 21 Goodsear Tire 1 Hevden lidson Co Tnter o 1 rts Wi B R Read rt Tuige M Park Prrens Radio Corp pfd S Read Coal ris wi Reading Coul w 1 2 Repettl Candy Reo Mot _......... 1 Rosent Grain Corp 10 8o € & 1 new Stz Motor ... Totac Prod Exports 4 Ship . 3 1 Pre Sha i Retail 1 U S Distrib 4 Uiy Pipe pfd w i Wh T Mi Sp n wl Wiliss Corp st pf 1 Wil Cor 1 pt of dp MINING Glole Cop. Extens Fin Copper i Cont Amer Mines. 10 Columbia Emerald 1 Cons Cop Min tiew 10 Cans Nev Ttan 25 Cortes Silver 40 Arizon 4 Belcher 1 Can Kewanas Mining . Lone Nta 0 Ohio Ca 10 Red H 220 Kt Crolx Mines 70 Silverdnie 40 Silver 1 1 Silver 1 N0 Am o ing Cons 8 o & pl E an Jearhend Gold ... o4 tewart Mines o rperstition Mines. 04 oo Jim_ Tutler. . ot 14 o DESIGN GEMS FROM SNOWFLAKE PHOTO Wallpaper and Silks, Are Copled From Na- ture’'s Crystals. From the Popular Science Monthly. Lacemakers, jewelers, designers of silks, wallpapers and table linens, and even bakers and confectioners, now borrowing the ornamental designs for their products from snowflakes. writes Wilson A. Bent- ley, snowflake photographer, in the January {ssue of Popular Science Monthly. During forty-one years Bentley, whq is a farmer of Jericho, Vi, has photo- graphed more than 4,000 snowflakes and asserts he has found no two alike. He adds that no two could possibly be alike since the shape of a snowflake depends on temperature, humidity and chemical and electrical Lace, Too, content of the atmosphere through which it falls. It is inconceivable, he says, that any two snowflakes could ever encounter exactly the same atmospheric conditions in thelr jour- ney to earth. In one reepect. however, Bentley declares all snowflakes to be alike— all are some varfation of a six- pointed star. Though a casual look at the snowflake may seem to indi- cate that {t departs from this form, microscopic inspection will always show the six points. Bentley began studying snowflakes with & microscope at the age of sixteen. Later he acquired a microscople camera, and had completed quite a gallery of snowflake photographs be- fore he realized that the .work he was pursuing as a hobby had any com- merclal value. Then a lace manu- facturer bought some photographs from him, and since then he has {:\:gd a steady market for his plc- s. 70 MILES PER HOUR IN THREE INCHES OF WATER Seventy miles an hour in three inches of water is the astounding performance claimed for a revolu- tionary type of air-propelled glider boat developed by F. W. Davies of Dudley, England. An airplane propeller and engine drive the hydroglider, says Popular Science Monthly, describing the craft In the January’ number. Thus the enormous friction exerted by water upon high-speed propeller blades is avoided. and the navigation of the glider in_shallow water is made pos- Even the main rudder oper- by deflecting alr instead of water. There are two small auxiliary rud- ders, which are used for maneuver- ing the boat into dockage or for simi- lar purposes, but these are lifted from the water as soon as the craft is under way. = The hull is scow shaped-and about fifteen feet long, EVENING STAR, WASHINGTON, WEATHER RETARDS TRADE IN SOUTH Auto Sales Drop 40 Per Cent—Big Apple Shipments. Wheat Acreage Cut. Special Dispateh to The Btar. NEW ORLFEANS, December 13— Warm weather in this section con- tinues to restrict sales of heavier winter goods, but holiday buying continues to run well ahead of that of 1822 in the retall stores. Sales have slowed down in most lines in the wholesale trade, owing to un- willingneds of retafl ,merchants to accumulate further sipplies until the annual stock-taking period is over. Most purchases, therefore, are of a filling-in character. < The freight movement into and out of New Orleans for the first ten months of the year was 36,000 car- loads heavier than for the corre- sponding period of last vear. Lyen in the “face of a six-week strike of port workers, 223,900 cars were received and 176000 forwarded, as against 213,200 received and 159,000 shipped iast year. Sales of automobiles here for No- vember were about 40 per cent less than in October and they have shown {little improvement so far this month. { Dealers are all carrying full stocks lof new cars and still have numbers {of used cars on hand. Collections on cars eold on part payments have been unusually slow. Automoblle Sales Lively. ST. PAUL, December 13- volume of automobile sales in this section for November and December is expected to excead all previous records for those two months, Acce sory sales have been holding up ex- cellently. Actual work on the con- struction of the new Ford factory this week marked the opening of the 1924 building campaign here. Record Apple Shipmen: SEATTLE. December 13.—Ship- ments of boxed commerclal winter- keeping apples from this state to date are within 4,000 cars of the total for the whole year of 1022 These shipments have aggregated more than 24,000 cars, compared with 16,000 at this time last vear and a total for the whole of 1922, or 28,295 The highest price paid for extra {fancy grades was $2 a box. early in {the season. Since then prices have | softenea | Wheat Acreage Reduced. | OKLAHOMA CITY. Okla. Decem- {rer 13°-"The state board of ngricul ture estimated today that the acreage seeded to winter wheat in Oklahoma {is 40 per cent of that own last fall, or 3,360,000 acres. This_represents a reduction of about 273.000 acres Unsatisfactory pr and Inabllity to sow seed because of wet weather were the causes for the reduction Bus Lines Exi nk. ST. LOUIS, December 13—Bus lines which began operation in this city about six months ago now are Arrying over a million passengers a nonth. = The traffic has been in- creased by holiday shopping. which jobhers and retailors say fs substan- tiully heavier than that of last year. 112,000,000 TRADE BALANCE FOR U. §. November Exports Valued at $404,000,000 and Imports at $292,000,000. Exports from during November $404,000,000, compared with fmports for the same period of $292,000,000. I!"il\lnb: a balan of international | trade favorable to this country of {$112,000.000. The value of exports during No- vember. announced today by the Commerce Department, was greater {than for any other month since Feb- ruary, 1921. The imports in value were a trifle less than those of Oc- tober and practically equal to those of November, 1922, when imported commoditles ‘amounted to $281.000.- 000. Figures made public today are preliminary, but ought not to be changed materiaily when the detailed returns from all ports of entry are recelved. Reasons for Totalw, Officials said that one of the rea- sons for the heavy export total could be found in recent high prices for cotton, which commodity is a very large factor in fall shipments from the United es { The gold imports for November, ex- pected to be large from the showing jof weekly r actually { found to be § wared with exports leaving an excess of imports of $398.011,000. tor the el en months ended with vember the United States has received $290.137,000 in gold and has exported only $27.931,000. The gold inflow dur- [ing November has been exceeded in only two months of the last two years Silver _impor! amounted t totaled $3,775 the ited States were valued at during November i and exports T5.000. Commodity Comparisons. In the commodity section of the in- ternational trade summary. the de- partment estimated that with the eleven months ended with November the United States had exported $3,- 745,186,000 worth of goods and had imported goods valued at 33,604,500, 000. - During the same eleven months ;){ 0’!924249“‘(?0 exports were placed at 487,449,000 and the im 818,95%,000. DI sas Comparing the two years the favor- able trade balance of the United States for 1923 to date was found to be approximately $249.000,000, while during the same perfod last year the balance favorable to the United States was approximately $669,000,000. Weigh Letter Without Scale. Here is a simple way to weigh a letter without a postal seale, says Popular Science Monthly for Janii- lary: Place @ 25-cent piece on the 12- inch end of an ordinary foot ruler. Rest the ruler upon the sharp edge ‘of a pocket knife at the six-inch mark. Now hold the letter to be weighed loosely between the thumb and finger and balance it on edge on the ruler at the 4%-inch mark. One coin_will counterbalance one ounce, the limit for two-cent postags. Two coins will counterbalance two ounces, and #o on. Some Judge of Paint. From the Philadelphia Inquirer. At a dinner party held in a hall adorned with many beautfful paint- ings a speaker, wishing to pay a compliment to the ladies present, pointed to the paintings on the wall and sald: “What need is there for all these painted beauties when we have so many of them at the table? e bl Making Up Time. From London Answers. Mother—I gave you a pénny yes- terday to be good, and today you are just as bad as you can be. ‘Willle—Yes, mother, I'm trying to show you that you got your money’s worth’ yesterday, D. ¢, THURSDAY, COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY KANSAS CITY, Mo, December 13.— Flour prices are generally steady to 10 cents higher, but the slight ad- | vance is belleved to have acted as a check of sales for delivery after Jan- uary 1. Moderate amounts of clears have been going to Europe and Latin America. Canadian competition has been felt by southwestern millers BOGALUSA, La., December 13.—The announced its intention of erecting a plant in New Orleans for the manu- facture of paper hoard or chipboard used in packing cases. The work will be started within thirty days and will cost $1,000,000. TULSA, Okla, December 13.—For the first ‘time in many months ship- ments of the Prairie Pipe Line Com- pany are showing an increase. vember shipments averaged barrels daily, or 7,697 more October. . DETROIT., December 13.—Open weather and the ample supply of freight cars has resulted in the move- ment of the MichIgan sugar beet crop to the factories about thirty days earlier this year than usual, and fac- tories now are about ready to close. TOPEKA, Kan., December 13.—Corn husking in Kansas Is 60 to 75 per cent_completed. Wheat has suffered than in somewhat from wet weather, but gen- | erally is in good condition REPARATIONS ISSUE HANDICAPS FARMERS re | Washington Man Sees Them Los- | ing More Than Whole Amount of Money Involved. CHICAGO, December-13.—Until set- tlement of the problem of war rep- arations the farmers of America “will continue to suffer losses that will total as much as or more than the whole amount at stake in the dis- pute,” Gray Silver, Washington rep- resentative of the American Farm Bu- reau Federation, told delegates at- tending the fifth annual meeting of that organization. Mr. Silver declared agriculture needs a policy that will tend | markets. a change in prevent discrimination provision for internat open the German market thout active steps to bring agr cultural relfef through establ of better markets and tmproved conditions, Mr. Silver said. American farmer will gradu. come & peasant class. URGES BUILDING UP FOREIGN MARKETS President Farrell Would Seek New Trade Among Secondary Buyers. that American strong foreign to open new the tariff to and possible al barter to Special Dispateh to The Star CLEVELAND, December 12 dent Farrell of the United St Corporation, at the forelgn trade con- ference here, sald business in Amer- ica was good and deplored tendency to allow European troubles to be- cloud business situation here. He ad- vocated greater development of what had heen formerly regarded as sec- ondary foreign markets because of diminished European exports and im- ports. In several other countries, he point- ed out. the situation was sound and improving, megticning Japan, central Asia, South Africa, Australia, Dutch East Indies and Canada. Regarding last-named country Mr. Farrell sald its future lies with ours tes {CRUDE OIL OUTPUT DROPS DURING WEEK Decrease Largely From Poweil Field in Texas—Imports Also Lower. By the Assoclated Press. NEW YORK, December daily average gross crude duction of the United States decreas- ed 76,850 barrels for the week end- ing December 8, totaling 2,008.150 barrels, according to the weckl mary of the American Petroleum In- stitute. A decrease of 53.950 barrels in the daily average production of the Powell fleld, in Texas, accounts for substantially all of the dcrease of 76,850 barrels. Daily average imports of petroleum at principal ports for month of No- vember were 235733 barrels, com- pared with 230,323, for October. for week ended December barrels, compared with the previous week. Daily ceipts of California oil at and gulf coast ports for month of November were 184,766 barrels, com- pared with 190,968 for October, and for the week ended December 8. 163.- 143, compared with 165857 for the previous week. RATE BOOST HALTED. I. C. C. to Probe Railroad Advances on Cement. Proposals of southwestern railroads to increase rates on cement from Ada, in Oklahoma, to points in Louis- lana, were nullified today by the In- terstate Commerce Commission, which 8 ended until April 13 next new ral schedules prepared to go into effect December 15. An investigation will be made of the rate situation during the suspension. From Ada to Shreveport, La. at present rates on cement are 211 cents for 100 pounds, while to Alex- ndria, La., they are 22 cents and to New Orleans, 231;. The new sched- ules would make the charge here- after to all three cities 25': cents for 100 pounds. LIVERPOOL COTTON. LIVERPOOL, December 13. ton—Spot quiet; prices steady middling, 21.18; fully middiing, 20.83; middling 20.28; lower middling, .28; good ordinary, 18.28; ordinary, 8’ " Sales, 5.000 bales. including 3,300 American. Receipts, 13,000 bales, including 5,500 American. tures closed weak. December 20.24; January, 20.21; March, 20.15; May. 20.00; July, 19.47; September, 16.92° October, 18.20; December (1924), 15.63 PARIS MARKET STRONG. PARIS, December 13.—Trading was and prices were strong on the today. Three per cent rentes, 54 francs 80 centimes. Exchange on London, 82 francs 25 centimes. Five Rer, cent loan @0 france 70 contimes, 'he dollar was quoted at 18 francs s§ centimes. Cot- Good DECEMBER 13, Great Southern Lumber Company has | Atlantic | 1923. AUTOMOBILE SALES HEAVY FOR SEASON. Dealers Report Christmas Buying Booming All Over United State: NEW YORK, December 13.—Auto- motive Industries says: The automo- bile industry may be said to be put- ting its house in order this month in preparaton for the busy time that looms ahead with the turning of the | year. December produckion will ex-! perience a noticebale drop, which may well be classed as seasonal and normal because of prevailing condi- tlons. Pessimists cannot take ad- vantage of the drop because the auto- mobile indus(fy never has been in b er shape than it is now. Christmas Is proving a banner time for the dealers, who report from every roction of the country a holiday de- mund that cannot be met, although efforts were made wecks ago to stock up for this business Closed models jare movl fast, and it Jooks as if {the warehouses will be emptied. FOR INVESTMENT FIRST MORTGAGE ‘ LOANS Denomina $100 to $6,250 Interest Rates 6% and 7% All loans secured on modern homes und busi- ness property in best northwest sections of the city. Ask’ for Intormatie RRIS CAFRITZ i Mortgage Department 913 15th St. NW. Main 617 | Money to Loan Secured by first decd of trust on real estate. i i | Prevailing interest avd_comm Co-Operative Building Association Organized 1879 434 YEAR COMPLETED ..84,750,763 FINANCIAL. FIRST MORTGAGE NOTFS_[ ¥or sale. Conpult un i€ you bave avalisble I THOS. E. JARRELL Member Washington Real Estate Bosrd Woodward Blds. Main 766 First mortgage loans In denominations of $200, $500 and $1,000, secured on improved real estate; interest 83 per cent, payable FIRST MORTGAGE INVESTMENTS 6%2% Denominations, 000 and upward. Secured on Improved Properties Only $500, 8750, ~Safe Investment | urplas -+.81.207.381 Systematic Saving It s the most effective way to get atend " financialiy. This hay | been Gemonstrated through years ex- perience. of Subscription for the 85th Issue of Stock Being Reeelved Shares, $2.50 Per Month ||| EQUITABLE BUILDING i 915 F St. NW. {]| J0omN Jo¥ EDSON. Prestdent | FRANK P. REESIDE, Seey. { THERE 1 O EXCUSE man chancing his sav- hazardous _securities are available gilt- selected | | | in there well ings when edge, i } FIRST MORTGAGE NOTES | Bearing 7% Interest No safe investment will offer greater return and insure o Write for Full Information Amounts of $100 Up Now Available The margin of security we demand will insure our future clients the safety our pas clients have enjoyed. Never the Loss of a Penny /Il CHAS. D. SAGER 924 Fourteenth St. N.W. Main 36. Loan Department. 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 Dividends Earoed 243 times 250 258 Net Earnings .. $14,354802 14,727,079 15,176,308 Year Ended January February.... March . April. May. .. June. July. August, ... September il Circular on Request Thos. W. Brahany & Co. Evans Building Main 0189 1552847 263 15,068,347 268 15,783,829 24 16,009,628 270 16,116,320 271 10,140,010 221 JAMES F. SHEA 643 Louisiana Ave. N.W. FIRST MORTGAGE NOTES FOor SaLe IN DENOMINATIONS OF 8500 DOLLARS AN UPWARDS M%?Z%M A 1207 Gonnocticat Sloenae Your Maturing Invesments ¥ you have an investment—bonds or other securi- ties—about to be paid off, you will want to get the highest return by keeping your principal con- stantly at work. Our organization is so planned that we can keep vour money invested and reinvested in First Mort- gage Notes on improved Washington real estate, so that your principal is earning for you without inter- mission. These Notes are obtainable in denominations of $100 and upwards. Call today and arrange to reinvest promptly the funds made available by maturing in- vestments or from January dividends. Swartzell, Rheem & Hensey Co. 727 15th Street N.W. 54 Years Without Loss to An Investor ARE YOU INVESTING? 1f don't confuse it with lating. They differer inexperienced and unwary away from the speculat There are too many pitfails i are often unreliable. You without anxiety. You cannot without risk so, spect- are can in speet Quer a and our Why not choose way and put your funds FIRST MORTGAGES —and know that you cannot sufier loss? In amounts of $250 and up. Quarter in of a Century IWithout' a Loss B. F. SAUL CO. Main 2100 1412 Eye St. N. W. TRUTHS TERSELY TOLD: CHRISTMAS IS HERE-—- WHAT SHALL 1 GIVE? Well tell you: A FIRST MORTGAGE NOTE— Secured by D. C. real estate —ABSOLUTELY SAFE —LIBERAL INCOME —NO DEPRECIATION Such a remembrance combines all the delights of a choice present at Christmas with a very practical reminder every six months when the interest checks are received. We offer some small denominations and partial pay- ments may be arranged. ASK OUR MORTGAGE DEPT. SHANNON - & LUCH 713 14th St. N.W. Main 2345