Evening Star Newspaper, December 17, 1923, Page 25

WORLD'S RAILROADS ERDNING RAPILY Total 750,000 Miles—50,- 060 Miles Built Since 1913. How They Are Owned. ial Dispateh to T W YORK, December 17—Pub- 1 reports that certain European countries are considering the advisa- hility of of their governmentally owned railways with a view to the utilization of the proceeds for other purposes lend interest to a compila- tion by the.Trade Record of the Na- tional C Bank of New York re- garding the railways of the world and the share owned by the respec- tive governments. The total length he world railways, says the Trade ding to the lat fig- | authorities, o ap- 000 mi gainst ak 000 in in 1880, . in very round terms. How Roads Are Owned. the world Eovernments, a high authorities of the is in 1923 about approxin 3 nt in 1 railways 16 and 24 per 96. Governmental ownershi ever, differs widely In the v countries and continents, In Europe as n whole per cent of the entally owned, a3 ious South ent, 0 per At and in N the United Sta the United States and Great Britain, as is well known, govern- mental ownership of rallways doe: ot exist, and this is true @ her hand, in Po! owned by th in Germany ab imately per cent, and in ¥ per cent. Outside of E: ns also differ widely uding the native states, the iare owned or controlled by th rnment is about s per The growth of since the beginning cording to very h world railway matt 50,000 milesy World's Next Duty. The world's next duty in the mut- world's railways »f the war is, ac uthorities ir pproximately gures being, | r | “advance guarante ter of railway construction, adds the Trade Record, is the construction of railways in the undeveloped sections of the globe, especially the tropical areas having untold producing possi- bilities, but lacking transportation fa- cilities to move their products to tae water’s edge. ~The rallways In te perate zone United States avera, 53 miles to each 1,000 square miles of area and in Burope 62 miles of line per 1,000 miles of area; while, on the other hand, South America, chiefly tronical, has but 7 miles of line per 1,000 square miles of area, Asia 4 and aurica o miles per 1,000 “PUTS” AND “CALLS” HIT COURT SNAG Restraining Order Also Stops Use of “Advance” and “Decline” . Guarantees. By the Ansociated Press. ALBANY, N. Y., December 17.—An | order restraining Harry C. Schauble, |New York city, from engaging in what State's Attorney General Carl Sher- man terms “fradulent practices” in connection with selling and offering for sale ‘“advance” and “decline" Euarantees on cotton, cotton futures | and options, and transactions in stock { privileges known as “puts” “calls” and “spreads” has been issued by Supreme Court Justice M. Worley Platzek :| Information collected by Deputy s | Attorney General Wilber W. Cham- bers and the Better Business Bureau, indicated, the announcement sald, that Schauble’s operations have ex- tended to virtually every municlpality in New York state and through the southern and western states. Attorney General Sherman said par- | ticular care wus taken to Investigate | the meanings of Schauble's “guar- both “advance” and ‘“de- pers in the case show that ese were intended to imply that price of cotton on the k newspaper, go above $31.05 per bale, as stated in' the ssued to M. D. S. Henderson, would pay in money the profits accruing to Ken- Inelly on his contract. Should the Kennelly of the U. customer, ®|price of cotton decline to a point 75 per bale, as shown by tions on the New York Ex- d within the time set forth {in the “decline guarantee,” Schauble | would pay to “Kennelly whatever profit accrued to him. Evidence was clear, according "to Mr. Sherman that no actual transac- tion in stocks was intended and that all Schauble had to do was to set |a definite closing figure, and If this | figure was reached a remittance of alleged profits would be made. THE EVENING STAR, WASHINGTON, D. C, MONDAY, DECEMBER 17, BIG CONSTRUCTION PROGRAMS FOR 1924 Millions to Be Spent All Over Country—Many New Power Plants in List. Special Dispatch to The Star. SAN FRANCISCO December 17— Industrial building projects totaling $19,330,000, will be started in the San Francisco bay region January 1. Among the buildings planned will be a twenty-six story office building for the Pacific Telephone and Telegraph Company. Berkeley will expend a total of $1.100,000 for ship terminal facllities, university bulldings and a theater. In Oakland the East Bay Water Company Improvements will cost $3,000,000, and a $500,000 church and a $200,000 radiator factory will be buiit. New schools and bridges bullt in San Jose will account for $1,310,000. The Matson Navigation Company ls bullding a new ocean passenger liner at & cost of 38,000,000, and the state in the first six months of 1924 will pay out $10,000,000 for highway con- struction ' in the central part of the Pennsylvania to Have 11 New Power Plants Special Dispatch to The Star. PHILADELPHIA, December Eleven new stations for generating electric power will be completed in Pennsylvania in 1924, Of these, elght steam plants and three hydro clectric. The state Is preparing to make & survey which will indicate possible water-power development and stimulate programs for its utili- zation. The plants under construc tion will mean an addition of o 17— IR SEIAET RN 1923, = 1,200,000 kilowatts in current produced when they are completed. According to late employment sur- veys in the third federal reserve dis- trict, thirty-nine industries in this state in the last month showed a decline of 1.7 per cent and & drop in | chasing power of the dollar was 66 7-10 wages of 3.4 per cent. Reports received here Indicate large bullding programs all over the coun- try. —_— $60,000,000 ARGENTINE BOND OFFER LIKELY By the Assoclated Press. BUENOS AIRES, December Private advices from New York show that $60,000,000 worth of Argentine bonds probably will be offered on the New York market this week. These bonds are the firat series of the §1 000,000 bond issue recently authori: by the Argentine congross and con- tracted between the Argentine gov- ernment and a group of New York banking houses. The Argentine government has re- celved an offer of & $30,000,000 credit, available at New York, from Ameri- can bankers, according to La Razon. The paper says that Finance Minister Molina is considering the offer and that a decision will be taken before the end of the weck. —_—— COAST TRADE PICKS UP. Continued growth in the fnter- coastal traffic between the Atlantic and the Pacific coasts, via the Pan- ama conal, is shown In a statement issued today by the bureau of re- search of the Shipping Board. Fig- ures for the third quarter of 1923 show a total movement of 3,365,000 long tons of cargo, as compared to 3,204,000 for the preceding quarter. This 18 a galn of 161,000 tons. DIVIDENDS DECLARED. NEW YORK, December 17.—At a meeting of the board of directors of the Durham-Duplex Razor Company, the regular dividend of 7 per cent was de- clared on the preferred shares and also | a diwidend of 10 per cent, payable at 215 per cent quarterly, was declared on | the common stock. Western States Ofl Corporation has | declared its regular 1 per cent monthly | cagh dividend, ber 31, to CREDIT, SERVICE, LOW PRICES AT The National Furniture Co. Wonderful Xmas Bargains at THE NATIONAL FISCHER'S PRICE INDEX. NEW HAVEN, Conn., (Special).—Last week’s price averaged 160 per cent of pre-war level. pre-war cents, Irving Fisher, Yale econ- Fitted Casges Removable trays fitied with Parisian Tvory— white, amber and shell coloring—also ebony and sterling silver December 17 The pur- fran Store Hours: 8 A.M. to 6 P.M. PARIS MARKET FIRM. TWO BANKERS CONVICTED|!® the federal court tor the making PARIS, December 17.—Prices steady on the bourse today. cent rentes, 53 francs 80 centimes. change on London, 82 francs “fic:ntlm:i Five per. cent can:lmlozg, The dollar was quoted at 13 ‘loan, centime: The most exclusive assortments— Bifts of Leather Very moderate prices. Lhe reputation which we ears and years naturally makes this a very husfi store at_this time uying. Every one wants the gift he tenders to carry a message of quality bave enjoyed for of Giit and distinction. GECKERS Leather Goods Company 1324-26 F St. N.W. Three per GUARANTEED QUALITY AT The National Furniture Co. of false entries in the bank's books, ;l.olgl'nadd ; ‘Ve'rdlclll lDdI:]YF fll;fll"fl’ GREAT FALLS, Mont, Decembe o and Peters guilty and Funk not 17.—The jury in ‘the case of R. B.|SW1tY- Noble, J. C. Peters and E, R. Funk, —_— offict of the closed Commerciaf| Turkey has b tes uie National Bank of Great Falls, on trial itide fare since elah“e “slxgl::‘;)llh ’::ruu‘t:;r_\‘ Enhance the B—ea—ut—y of That Gift Table —by ordering a Reilly Glass Top for it Glass protection for fine tables, desks and dressers costs very moderately—helps pre serve the beauty of handsome cabinetry for vears. (4 % We Cut Glass Tops frames, for windows, etc. Prices vou'll think —for furniture, for Xmas pictures, for photo most reasonable. Roof Paints Furniture Polishes RS S RGNS RERERGR HUGH REILLY CO. PAINTS, OILS, GLASS 1334 N. Y. Ave. Phone Main 1703 Bl s (e Tes (o7 (ot b (o (s Jon o Tk Moo ; M : ; Just one shopping week before Christmas — and THE NATIONAL is offering hundreds of bargains in gift fur= niture of every description. Easy Credit for All FREE With every purchase amounting to $100 or mmore we will give this RADIO RECEIVING SET FREE. A wonderful Christmas gift, and it is ABSOLUTELY FREE with every purchase of $100 or more. Or, if you like, we will give your choice of a 26-piece set of Wm. A. Rogers Plated Silver, or our 42-piece set of/ Dec- orated Dinnerware. ¢ Jiminy Christmas, a $5 Duofold Jr.” —the kind of Christmas any Boy will toe the mark for A Smaller Edition of the $7 Over-Size Parker With the 25-Year Point and All HEN the Boys “size up” each other's presents Christmas morning, the fellow with the black-tipped lacquer-red Duofold Jr. will surely be the young King of the neigh- borhood! For there’s scarcely a grown Boy who doesn’t know that the Duofold is the Jim Dandy pen cf ther all and secretly wishes he could flash this $5 beauty at school. They all know that Duofold Jr. the §7 Over-siz. Duofold only's same super-smooth Iridium-tipped pointthat's guaranteed 25 years for mechanical perfection and wear! The same shapely barrel, the same balanced fecl in the hand. As th_ Boys think about the Duofold Jr., so ] the Girls feel about .h. siender Lady Duofold with its gold ring- n for ribbon or chain, and its wide Gold Girdl for monogram, all for $5. Indeed Parker Duofcldissoextensively used in Schools and Colleges thatit might be safely termed “the official pen of the classroom.” Leading pen counters in all cities are sup- plying these pensto Christmas shoppers. "Take your list to the Duofold countes today and do all your shopping in 5 or 10 minutes. Note: Parker Duofold Pens may also be ob- tained in plain black with rich Gold Girdle. But we recommend the black-tipped lac red, for the color makes it . hard pen to lose. THE PARKER PEN COMPANY £ Manufacturers also of Parker" Lucky Lock " Pencils Pactory and General Offices, Janesville, Wis, D with Duotold Jr. 88 Same except for sisc Lady Duef ‘With ring for o FOR SALE BY Fiction | Peoples Drug Stores, 13th st [ 7th & K sts. n.w. | 7th & B sts. n.w. 611 Pa. ave. n.w. Hughes' "Fountain Pen Gift Shop, 1325 E St. N.W. Golden Oak Kitchen Cabinet Walker, | Charles F. Plity, | J. B. Levenson, $ 75 i is low ¢ VT now S e e B $2 47 9. e & Waiford, 1ch Pharmacy, | Lincoln Park Drug Co. price .......va ¥ A nw olorado ave. 13th & . Capitol & 2 E T Ay A% rmacy Kann Sons Co., E erms Laurel ave. Ta- h & Market Place. ey Ry ente & rd News| _l.':mix xln:. | Kroman Brothets, Mah - Stand, 14th & Pa. ave. | G. *aul, 706 H st. n.e. o b ey i 8Ye 1 1322 G at, now. g SR g Floor Lamps Many styles, with mahogany-finish pedestals and silk shades. Golden Oak Rocker $ 3.95 Easy Terms Golden Oak Ladies’ Desk Da-Bed BEAUTIFUL OVERSTUFFED LIV- ING ROOM SUITE, as pictured; loose cushions; upholstered in good, grade of Tapestry. Service, durability and comfort —at a very low price. .. ... ing of a THREE-PIECE BED OUTFIT, consist- continuous- post white enamel metal bed, spring and mattress. 162 119 Golden Oak Davenport Bed 52 7.75 Easy Terms RRARVEVELERVELVEVEVDRNVIEVER ) &2 Golden Oak ¥ Morris Chair ' TOYVILLE Doll Blackboard | Auto, $5.95 Carriage Oc ™ o ek o B WLl S AU LA LA LAY LAY Sal LAl S AU ST LAUCE AL AT LA LS 4 & Lothrop, | 14th & You sts. n.w. - AR O Z”fi ‘&( }1‘ sts. . R,‘?am. & Compiny, As Pictured. Covered with S oker @ w th & H sts. n.e. 0 Tth st. n.w. § m Weiler & Moskey, 16th & G n.w WG Garen,. Beautiful Grade of Sth st Moskey h & M sts. now. 11th & G sts. n.w | | 907 H st. nle. | 14tn & Park road. | 31st & M sts. n.yw. 111 Pennsyly, 15th & Columbia road e E. E. Fisher, 1703 Pa. ave, The Empire Pharmacy, 7th & N sts. n.w. The Henry Evans Co., 3000 14th st. & Wood's Pharmacy, Con- st. n.w., & 1410 N. Y. 4201 Georgia ave, Mrs. Virginia Guila, | Cretonne s]. Sfi Easy Terms necticut ave. &' L st [ vai{l,h[:,;&tc‘,mp“y, 5 sts. n.w. 7 Willia m- | . B8 Salvatore Desi Mahog-n) e e Oaes 1O I)v{:n\»ll Drug Stores, 926 F at. noaw. et Finish Finish lina s, Donahue's Ph C: ahogany-rinisl The S 405 H st n.w. 1344 Wisconsin ave. Golden Oak ey S k' 914 F 7 | Colodny & Blalek, Bufiet mo |ng ave, n.w. H. Colodny & Company, | 3204 M st. n.w. Clifton Terrace & 14th O'Donnell’s Pharmacy, | 301 Pa. ave. s.e. Sugar. Georgia ave. & Rock 19 Smoker Cabinet st. Creeli Church road. s01 ve. s.e. | Columbia Photo Supply The Stockett-Fiske Co. | gy noimer & 8han, Co., 1424 N.'Y. ave, $9-75 910 T st now - Christian! Drug Com- N. G. O'Donnell, Wisconsin ave. & P st. The Oliver Shop, pany. 901 Pa. ave. ~Wwilllam Burton Spire, Central Druz. Company, Mt. Rainier. Easy Terms s Sirota, 910 14th st pli Pa. ave nw. - 3rd & G sts. n.w National R b rightwood Drug Store, M. Schumacher, Shon. 503 14th ae 2nC® [ 5916 Georgla ave. Phonograph 04 14th st. n.w. Mattingly Brothers, Becker Leather Goods Mahogany-Finish Charles Schwartz & Son, 708 7th st. n.w. and 3123 M st. n.w. Service Pharmacy, 14th & L sts. n.w. Park. Co., Inmc, 1324 F st. n.w. W. H. Brewton & Sons, 3256 M st. n.w. W. 8. Bachofner, Tak S. Mitcnell, 9th & G sts. n.w. Mayo's Pharmacy, 12th & M b Saks & Company, N e 2049 Nichols agye., With Cracker and 7th & Pa. ave. Louis K. Liggett & Co., Anacostia. Richards’ Fountain Pen 006 . DLW, & Gift Shop, 1226 Pa. | 1946 B ee roer Louis F. Bradley, 7th 1345 F st n.w. & Maryland ave. n.e. Nut Bowl Six Picks With 6 Records IEREPVEVRVEVERVEVER/NEVE ave. n.w. 904 F st. n.w. Geo. A. Baker Optical Roach Drug Company, 1301 F st. n.w. Co., 608 14th st. n.w. e 701 Sth st. s.e. 418 w. Barber & Ross, wt Major H. Robb, 32 11th & G sts. n.w. Easy Terms ¥ 1413 A._Blustein, ¥ 2910 14th st. n.w. A to Z Business Bureau, 1340 G st. n.w. > K. R 822 9th st n. L.'T. Queen, 3 A & T X, T T T TR TR YL T T T T T T T T TR P T T T T TR T TR TR TR TR X XXy Wm&%@mfl& ‘GW%K%WWKW&‘!&W&WW%@!@%@% A 4