Evening Star Newspaper, December 21, 1923, Page 29

FINANCIAL., 193 ADVERTISING /SMASHES RECORDS Both Newspaper and Maga- zine Figures Reach New High Marks in Volume. BY J. C. ROYLE. ch to The Star. YORK, December 2 the rate indicated by latest available figures is maintained, the United States will break all previous records for advertising in 19; This is true of both the newspaper and the magazine fields. Advertising 21—Pro: placed since January 1 last has been | far above normal and has forced the en- largement of editions in hundreds of publications. The figures on which these conclu- sions are based are not confined to one source alone, but represent the statistics compiled by the government and most reliable of the newspuper and magazine advertising authorities. The volume of advertising placed in 128 dally newspapers in twenty-nine rep- resentative citles during the vear is expected to be represented by the in- dex number 117 as compared with the volume placed in 1919, which is taken as representing 100 per cent. There were 83,859.000 lines placed in and the index number for 1823 w exceed that for the banner 1920 by about 2 per cent Increase of 11 Per Cent. The advertising placed so far this year in these papers shows an in- crease of 11 per cent as compared with the corresponding period for 1922, For the month of October a Ereater volume of advertising was ought than during any month in the Jast four years with the exception of one thirty-day period in 1920. The Ootober increase followed immedi- toly after the pressmen's strike in Vew York® and the improvement in other sections came largely as a re- ®ult of the lessons learned by mer- chants during the strike, as it was in- dicated In these columns would be the care. The figures compiled by the Editor mnd Published. who takes fnto consid- eration 2,000 dafly newspapers in the United States, indicate an $ng revenue for the year of 223. as compared with $509 2922 Government figures covering 108 Papers in twenty-two cities show that ,final totals of advertising revenue to Jghese papers for this vear should be {34 per cent higher than in 1921 and '$169,050,112 larger than in 1915, Magazine Figures Jump. % Even more startling has been the rcentage of increase in magazine mdvertising so far this ¥ Ad wvertising revenue in thirt more prominent magazi tlons, according to latest running appre higher than in 1 v the total for this list was $87,452.8%6, or ap- proximately $102,000,000 for this year. According to government figures the number of lines of advertising in 126 magazines has been running at the rate of 27 in 192 = publica- figures, is 0 per cent Advertising agencies state that there is no indication that the volume of advertising will diminish in the first part of 1924. Many of the larger space buyers have already decided on their advertising appropriations, and the majority of these show af in- erease rather than a curtailment as compared with this vear. While the consumption of print paper has increased, there apparently is an ample spuuly in prospectfi and contracts for 1324 requirements, according to some publishers, ase being placed at figures no higher than now obt d_in some cases at @ shade balow nominal a tations. Mestcan Shipm Gulf ports, irclud Galy ston effect of Mexican re ion to no small degree. Advices from Vera Cruz state that goods Yalued at more than $1,000,000 are lying on the wharves there undelivered and oxposed to the weather. Additional fhipments have been held up, so that the New Orleans trade with Mexico, which in_ November totaled ~nearly $2,000,000, has practically ceased. Ship- ments through the ports of entry along the Rio Grande have not suffered 8o severely, but have been materially di- minishe Heavy Insurance Azainxt Rain. Department stores in a nun b clties throughont the count out policies against r “ Saturday as i protection to Gy trade, which is expec phenomenally heavy on js estimated that rain ton city would yleld @ return from insur- ance companies in exc of $100,000. Pefore You Invest—Investigate. Tver notice that the fellows who ary to get rich quick are always broke? ats Cheeke of taken their holi- -d to At da row i COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY KANSA# CITY, December 21.—A four-cent drop In the price of eggs Jas taken place in the wholesale trade here. This makes a drop of 114 cents a dozen in the last two weeks PHILAD PHIA, December 21.— The wholesale price of fresh eggs dropped from 45 to 42 cents a dozen here, but consumers still are paying 60 cents. BROOKLYN. N. Y., December 21.— Although the wholesale price of eggs has shown a decline here, consumers who want the very best quaMty are =till paying from 90 cents to $1 a dozen. ATLANTA, December 21.—Rainy weather continues to curtail serfous- 1y the planting of small grains, which it was thought would be ex- iremely heavy this year in the sec- tions where cotton lands have been infested by boll weevil. HOUSTON, December 21.—As low ms 11 cents a pound Is being paid for turkeys in the country districts, although some sales have been made there for 16 cents. In this market the range is from 18 to 20 cents for gobblers and 22 to 25 cents for hens. SHREVEPORT, La., December 21— fhe purchase of 548 tank cars of 8,000 and 10,000 gallons capacity each sor $600,000 is_announced by the Louisiana OIl Refining Corporation. This will double the rolling stock owned by the company. SEATTLE. December 21.—Lumber production in the Pacific northwest Is running 26 per cent above normal elght-hour capacity of the mills, ac- eording to latest available reports. New business is 15 per cent below production. but shipments totaled 6 por cent léss than new business. BOSTON, December 21.—Mill man- Rgers are seizing on_the holidays to extend shutdowns. Cotton mills em- ploying 15,000 hands have been or- dered closed in New England and more are expected to take similar action. Bstimates here indicate 40,000 will be lald off temporarily over the Jolidnys, or about 21 per cent of those engaged in the textile trades. FISK RUBBER EARNINGS. NEW YORK, December 2f—Sur- plus of 32,083,613 was earned by the isk Rubber Company in the ten months ending October 31, 1923, the new date of the corporation’s fiscal vear, according to the company’s «nnual report. Gross sales for the period amounted to $44,862,743, an in- crease of 16,5 per cent over the cor- - responding pertod in 1923 and o raTn profits were §5,810,881, & galn of $1,179.998 over the first ten smonths of the previous yean a 1919 | per cent higher than | the | ther on { THE EVENING STAR, NEW YORK CURB MARKET Recelved by Private Wire Direct to The Star Office BY WILLIAM F. HEFFERNAN NEW YORK, December 21.—The tmportant changes on the curb mar- ket today were all on the side of ad- vance. Centrifugal Cast Iron Plpe was an outstanding feature, galning almost three points to around 32%. It was reported that stockholders had voted to turn over all the assets with the exception of $25,000 cash or its equiv- alent to the newly formed Centrifu- gal Pipe Corporation of Delaware. The new company proposes to lssue 283,960 no par shares of the 300,000 worized. The outstanding Centrif- ugal stock, which amounts to 141,880 shares, will be exchanged on the basls of two shares of new for each of the prescnt or for cash at a rate to be_determined later. Ofl shares were up only early today, but operations for slightly the | NEW YORK, December 21 ing is an official list of bonds traded in on the New York ket today : Sales In thousands 4 Allfed Packers 16 Am Cot OIL ... . Am Gus & Elec 8% 3 Am Roll Millx Am T & T On 3 Anglo Am_ Oll 3 At G & W I8 Heaverboard By 1 th Steel Ts ' 023, Can Nat Ry Eq is 108% hurcoal Co Am £ s BONDE. silop T Federal Sugar 8.3 Fisher Body ta her Bod . Rabt Tx N'Orina Pub Ser 35, 55 B Swift & (o Vacuum Ol 7. FOREIG Mexican Govt fs.... Rep of Peru Se.... Russ Govt Dlys Gost cta 5 10 BONDS. Sales STANDARD OIL I in units. 400 Anglo-Amer 011 900 Atlantic Lobos ... 300 Atlantic Lobos pfd 4 Tuckese P 400 50 300 2620 i L | | Humble 0 & R new Imp (1 of Can... Tndiana P L olia Pat 10 N Y Traosit 1000 Ohto Of1 new ... 190 Prairie Ol & Gas. 100 Penn Mex Fuel ... 100 Prairie P L ... 20 South Penn Of ... 0 Indiana Salos | in hundreds. |7 RN Nae o0 it Ners ¢ L0 Cit Serv serip A Carfd Synd 4 Derbr 0 & B ow 60 Engineers Pet 29 Federal Ofl . { ‘s | 83 1 20 Hudson 01l 5 20 Invaders O Dei. 30 Keystone Ranger. 10 Kirby Pet 20 Lance Creek 3 Livingston Pet Washington Stock Exchange. SALES. Capital Traction Co.—10 at 96, 10 at 9. National Bank of Washingtou—21 at 200, 50 i | at genthaler Linotrpe—10 at 1513 10 at 1318, & at 151% AFTER CALL. Potomac Llectric s of 3-—$2,000 at 1013, hington Gas 6s "33--8500 at 100. w ington Gas 3s—$1,000 83 . (o smulogion Gis Lighi—15 ‘st 48%, 10 at Potomae Electric Cons. 55—$1,000 at 97%, $1,000 at 9734, City and Suburban 5s—§1,000 at 7014, Money—Call loans, & and 6 per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY. 10 at 18, Asked. American Tel. & Telga. 4 921 American Tel. & Telgs. ok Am. Tel. & Tel. etl. tr. b Am. Tel. & Tel. cobv. 6. Anscostia & Potomac Anacostia & Potomac gua C. & P. Teleplwne Os. C. & P. Telephone of Vi Capital Traction R. R. Gs. City & Bubor Georgetown G Motropoiitan Potomac Elec. Potor Electric cons. 5s. Poto . deb. Potomac Elec. 00 1000, . Elec. Pow. g. m. & Tef. Ts. Bk Kiex. & Kt Vor. on L & ME Ver etf. ot i 94 100 70! MISCELLANEOUS. D. C. Paper Mfg. 6s.. Healty 68 (oo ardman Park Hotel 8s. 2 100 STOCKS. PUBLIC UTILITY. Amer. Tel. & Telga. Capital Traction. K k1] 220 % 125 Rwy. & Elec. wy. & Elec. pid. Merchs Natlonal Savings Trust. rise were conducted on a larger scale after midday, and a number of note- worthy advances occurred. Imperfal of Canade led the Standard group. getting up almost 4 points. Special buying came into the market for In- ternational Petroleum and the stock reached @ new top on the movement above 18. The usual daily new high was made in Southern States Oil when It cross- ed 32 on u large turnover. i Renewal of pool operations in Carib Syndicate resulted in a rise of a point, and Gulf Ol of Pennsylvania moved up a like amount, following announce- ment that the company had taken an additional 35,000 acres of Maracaibo's exploration areas. Considerable interest was displayed in the mining group and special at- tention was glven the new Walker Mining stock, which came on the market today. Over 22,000 shares changed hands in the first hour be- | tween 3% and 3%. Later, however, trading quieted down. 2 Margay Of Mex Ol Mex Panu Mount Prod Mount Gulf Mutual Ol vig cfs ew Bradfd Ol wi. ew Eng Fuel Ol ew Mex Las oble Ol & G Northwest Ol Peer Ol Corp. Pennock 01l 55.500.5248 R FEEIE 5 }’;"1“ Ryun Con ... Salt Ck Prod. Supulpa Refin Savoy OIl .. Beaboard B 3 - Tex Kanwas Oil Tidal Osage OIL g INDUSTRIALS. Acme Coal new. 14 Allied Pa Am G Am Hawailan Bklyn Shoes Brit-Am T 2 Brit Am Tob o Rg a5 Prod Cor w | Teresn it Teresa pfd . “entrifug Irog Pipe heck Cab Mfd A. DL & W' Conl # Dubllier € & Rag 3 Durant Motor Fl Bond & Sh Gillette Safets Raz 270 Gleusonite Prod Co 121y Glen Alden Coal d Dust Corp w 1 H Hudson Co pfd ... Inter Cont] Kubber Int Concrete Ind Co Kresge Dept Storey Lake Tor Bt 1st pf Leader Produc . I Power sec.. Frooeizmmmioonzetzam ¥ Tel Co pfd rless Mot Rudlo Corp ...... Radio Corp pfd.... Read Conl rts w 1 Reading Casl w i. Repetti Candy .... Reo Mot 80 C & I new Swift Intl . Todd Ship United Bakeries . TUnl Pft Shar mew. o iys Corp ist pf 1 Co 1st pt cf dp Taxl Corp N ¥ M1 I e Minex.. Cop Mines new A 80 10 10 110 Fe 30 Goldfield Deep Min 40 Gold Zone 2 Hecla Mine 1 Homestake Ext i 20 Independence Lead. 100 Kelly Ext Mines, 1 Kerr Lake . 22 Keystone of 20 Lone Star ... R Mason 10 McKin Dar 100 McNamara ... 120 Mohican Cop .. %0 National Tin .00 5 New Dominion Cop 30 X Y Porcupine 13 Nipissing hio Copper .. Red Hill Florsuce t Croix Mines ... Kendail. . 1 390 0 Sandstorm 50 Stiverdale . 20 Bilver Horn 3in 30 Rtand Siver Lead.. . 23 80 Am Gold & P. 20 Spearhead Gold 40 Stewart Mines . 20 Success Mines 23 Tuolumne .. 18 United Eastern . 8 United Verd =% 17 West End Consel. 80 West End Ext . 463 Walker Mine 10 West Utah 1 Yukon Gold WASHINGTON, FIND AGRIGULTURE MORE PROSPEROUS War Finance Directors Also Report Nation’s Banks in Sounder Condition. Directors of the War Finance Cor- poration, in their annual report sent to Congress yesterday, declared im- proved agricultural and banking con- ditlons throughout the country are i reflected In operations of the corpora- tlon. Although some localities have not Dbenefited as much as others by better prices and other factors bearing on agricultural prosperity, the directors said they regarded the contlnued heavy repayment of advances by the corporation as evidence of & sounder economio condition generally in the agrioultural industry and the finan- clal institutions on which it leans for credit. Country bankers in nearly all sections were represented in the re port as being once more in & position to take care of their usual credit de- mands. Enormous Loans Made. Since January, 1921, when the first advances were made, the corporation has loaned & total of $287,734,668 for agricultural financing. Of that sum, the report showed. more than $211, 000,000 had been repald on November 30, 'the end of the corporation’s year, with additional repayments since then aggregating about §10.000,000. Calling attention to the difficult problems facing the cattle-breeding business on the ranges as a matter requiring the active concern of all | parties interested In the preservation of the industry. the report Indicated | that the directors were hopeful that conditions soon would begin to right themselves. Sheep and wool conditions were de- scribed as satisfactory in the report. which added that producers in those lines had fought a hard battle and thelr success in overcoming difficul- tles gave renewed confidence to other lines of the agricultural industry. All Posaible Ald Give: The corporation directors, the re- port showed, have pursued a policy of extending every assistance possible to the Intermediate credit system created under the agricultural credits act. As the law under which the cor- poration operates expires early next year, it was the purpose of the direc- tors. the report added, to give the credit banks as permanent institu- tions the full benefit of the corpora- tion's experfence. COTTON SPINNING SLACKENS IN MONTH Census Bureau Reports Consider- ably Less Activity Than During October. Cotton-spinning activity slackened considerably in November as com- pared with October, the monthly re- port of the census bureau, issued to- day, indicated. Active spindle hours during Novem- ber numbered 8,014.579,167, or an a: age of 213 hours per spindle in place, compared with §.381,8%6 hours, or an average of in ‘October this vear, and 8, 94 _hours. or An average of in November a year ago. Spinning spindles place Novem- ber 30 numbered 85,049, of which 34,101,452 were active at some time 0. 234, s | during the month, compared with 550,250 in place October 31 this ye of which 34,378,662 were active, and 37,175,233 in place November 30 last year, of which 34,664,630 were active. The average number of spindles operated during November was 35,- 316,828, or at 96.6 per cent capacity on a single shift basis, compared with 35,851,435, or at 95.4 per cent capacity in'October this year, and 39.468.039, or at 108.2 per cent capacity in Novem- ber last year. AMERICAN ICE NET 1923 INCOME DROPS American Can Votes “Extra New Bond Offering—Other Wall Street Briefs. By the Aesociated Press. NEW YORK, December 21.—The Amerfcan Ice Company, including subsidlaries, reported net income of $1,838,267 for the year ending October 31, 1923, as compared with $2,286,289 for the previous year. The Interborough Rapid Transit Company reported a deficit of $131 for the vear ending June 30, 1923, against a deficit of $2,766,797 for the fous year. SAVED BY SEA LEAP| " 2.0l Shering was made toaay of —— 10735 | By the Aseoctated Press. $6,000,000 Warner Sugar Corporation first and refunding mortgage fifteen- year sinking fund 7 per cent bonds, ATLANTIC CITY, N. J, December | series A, at 9614 and accrued interest. 21.—Ablaze from head to foot in con- sequence of the explosion of & fuel tank on a thirty-five-foot speed launch four mil from shore last night, Charles Driscoll, thirty-three, jumped into the sea and was saved from drowning only through the heroism of his brother Jake, thirty-one, the only other occupant of the launch. Seizing two life belts Jake jumped in after his brother. Forcing one under Charles’ arms, he fastened the other about his own walst and then with a knife cut his brother free of his shoulder gar- ments. ‘The sea was running high, and the brothers swam desperately to get way from the motorboat, fearing a second explosion if the flames reached an emergency fuel tank. The explosion and burst of flames were seen by coast guards and hundreds of foliday visitors along the Boardwalk. The federal dredge Absecon, in charge of Capt. Ostensen, was the first craft to head for the scene. To those on shore it appeared that the craft in distress was a three master. Capt. John Holdezcon of the guards called for volunteers t of the fishing ot a1 150 ® coast s in their slower boat. A few minutes later weese | 5peed boats used by rum runners and FIRB INSURANC Corcoran Firemen National Usn TITLE INSURANCE, lumbia Title .. fi:-ulmkllll(! Title. MISCELLANEOUS, . Paper ptd.. rchants’ Transfer & Sto: Mergenthaler Linotype. 0ld ‘Dutch Market cam. Old Duw;-( Market pfd.. 7 833 | last nignt. H I:;l]: dm’un.ooo ball for the federal ry on a charge of rum funning. Yessels of the “dry navy,” commanded by Chief County Detective Frank Harrold, also started. The dredge, with a half mile start, was the first to reach the brothers. Charles when picked up was uncon sclous and Jake completely exhau: ed. They were hurried ashore and taken to the city hospital. The younger man was later removed to his home, but Charles was so badly burned that his condition was re- ported as grave. Jake Driscoll was captured with a load of liquor on December 16 aboard a vessel similar to that destroyed On Wednesday he was ——— try 0F colning fates moneyy™ s coun- Application will be made to list the bonds on the New York Stock Ex- change. Early offering of a $30,000,000 issue of Chicago, Burlington and Quincy rallroad bonds is expected by local bankers. Bankers {ndicate that there is pos- sibility Japan may raise any amount needed for reconstruction through a domestic loan instead of entering the New York market, as had been ex- pected. Directors of the American Can Company today declared &n extra dividend of 1 per cent and the regu- lar quarterly $1.25 dividend on the common stock, payable February 15 to stock of record January 3L BACK DIVIDENDS VOTED. Cudahy Packing Company Has Over $2,000,000 Profits. CHICAGO, December 21.—The di- rectors of the Cudahy Packing Com- pany yesterday decided to pay up the arrears of dividends on preferred stocks, declaring a 6 per cent divi- dend on_ the 6 per cent cumulative preferred stock and 7 per cent divi- dend on_ the 7 per cent cumulative preferred stock. The dividends are able December 31, 1923, to stock- q‘erl of record on that date. ‘When ‘ments are made dividends on preferred stocks will have been pald in full, an announce- ment said. The directors also dedlared a divi- dend of 1 per cent on common stock, ayable January 15, 1924, to stock- Bolders of record on January 4, 1924 The company’s profits from opera- tions were $2,010,198.25, for the year ending October 27, 1923. —_— LIVERPOOL COTTON. LIVERPOOL, December 21.—Cotton —8pot, quiet; prices steady. Good mid- dling, 20.68; fully middling, 20.2: B dling, 19.68; low middling, 18.68; good ordinary, 17.68; ordinary, 17.18. Sales, 4,000 bales, including 3,100 American. ' Receipts, 8,000 bales, in- cluding 7,200 American, Futures closed December, 20.281 _January, 20.80; March, 20.53; May, 20.04; July, 13.53; Beptember, 17.10; October, 16.36; De- oember (1924), 15.85 these D! [4 D. €., FRIDAY, DECLARES NATION HAS PLENTY OF LABOR Special Dispatch to The Star. NEW YORK, December 21.—"Some selfish manufacturers want a big {labor reserve to draw on at infre- {quent times of need, just as they [mulnlnln 1 stdck of spare Parts,” says DECEMBER 21, 1923. VIRGINIAN RAILWA SEEKS BOND ISSUE Applies to I. C. C. for Right to Sell $5,000,000 in Notes to Pay for Betterments. W. 'R, Basset, a member of Secretary Hoover's committee which investi- gated waste in various industrie “We have right now plenty of ‘workers in this country to take care of the legitimate need for unskilled Felp. Cheap labor s needed only by those who are not skillful enough to { manufacture at low cost and still {pay high wa 8. “With the lt-n\npnu-!l(. | turn out more ! ployed than th help of labor-saving | killful manufacturers roduct per man em-| The Virginian Rallway Company did before the war. I:A!kml the Interstate Commerce Com- {1t “the unprogressive ones would |mission today for authority to issue labor.” gage bonds, to reimbuse the road's | — e {treasury for expenditures already | { made on additions and betterments i The Virginian Terminal Rallway Company, & subsidiary of the same corporatlon, also sought permission to 1 }1.hue and deliver to its parent cor- | poration, $1.796,000 in 0§ per cent i the Virginlan system to the cost of terminal construction at Norfolk, Va. By a second finance application the | 2 Mobile and Ohio railroad sought per- Atlanta Expects Boom in i iril "o oiie 1675000 n bond se- ] . . curi s to assist in paying for new Live Stock Business—Re- |uauipment e 3 The commission today extended per- tail Trade Heavy. mission to the Chicago, Rock Island PN d Pacific railway for an issue of | $452,000 in refunding mortgage bonds, ] which the company will use {n acquir- ing fifteen miles of raliroad extending from Chattanooga to Grandfield, both points In Oklahoma. The Rock Island now owns the line of road. which it formally acquires, but the bonds will | the investment in its cnn-} | | Special Dispatch to The Star. | "ATLANTA, December 21.—Diversi-| ifled farming in this state received a tremendous {mpetus with the opening | this week of the Atlanta stockyards, which is designed to furnish a market | for the live stock grown in the south- east. Rural banks have been author- {ized In many cases to advance cash | on bills of lading for animals ship- | ped on the basts of daily market quo- tations. The of the stock yvards ntempla nstruction of numerous bu enlargement | of_locs For of the depurtment % have had to closé their doors a inst crowds in the streets whi those inside could be waited Despite inclement weather, sales have been heavier than last year. AUTOMOBILE OUTPUT SHOWS NO DECLINE Some Plants’ Programs Will Be Curtailed During Inven- tory Period. struction. TOTAL SEAL SALES | MORE THAN §13.000 Reports on Tuberculosis Fund Raising Show Grad- ual Increase. ram i i i { Steadily day by day, as the day of £00d will draws near, rises the vol- ume of Christmas seals bought by the people of all classes and conditions in order to finance the work of the Washington Tu- berculosis Asso- clation through| another year | This morning’s | mail received at | the headquarters of the association, 1022 1ith street northwest, carried the total cash for seals “past the $19,000 point. But later came over tha telephone the | report from Miss Marian P. Shadd, supervising principal of the eleventh | hool district, that she had in hand | or 3600 from the sale of seals T the nine schools of her district. as| follows: Bunker Hill, Burrville, Cook, | Crummell, Deanwood. Garnet-Patter- son, Mott, Flater-Langston and mothers. This brings the day's total $19.600. Other school districts | soon to be heard from with the | ng of school tod; ~e of the private YORK, Indust dules & NEW December 21.—Auto- motive e err v ng operations in major producing plants showed no decline the ten days of this month from the pace followed in similar periods in October and No- vember. Curtailment is due to come the latter part of December, when some producers will either close their plants for a brief time or reduce pro- grams materiaily while inventory is being taken and manufacturing fa- cilities readjusted “This curtailment total production for the month, but | the output will be considerably greater than that reported in Decem- bor of last year. Major fa {operating on n Tar vanea of a ¥ nd _are likely to bring their s down | to lust year's la H automobile will affect the | grams schools which | > reported seul sales also made a | “Thix year Ford will shut down for showing as follows: The Poto- | only two days and is likely to report | mac School. with a total of 8,600 seals | a total production of 150,000, with |sold, or over three times as many sold | possibilities that the 16 figure will | last vear by this school; the Ma- be reached."” deira School. with a total of 8500 seals sold. and Friends' School has 1. C. C. FAVORS RATE sold 13.000. Also word came from REVISION IN WEST Miss Maynard, captain of the eight ward teams at the Tuberculosis Hos- Grand Tsland and Hastings and Co- lumbus, Neb, are entitled to re- pital, saying that they had already sold ‘over 230,000 seals and aimed at 400.000. Among the most Important contri- visfon of the classified freight rates |butions of service in promoting the applying on shipments to them from | Seal sale was brought to the attention pointa in the cast, the Tnterst the association yesterday when the Comme: Commission ruled today.|Th Cusack Company returned Tts Present adjustments of cla 5| bill receipted in full, amounting to freights are preferential to $320, for the posting throughout the Lincoln, Fremont and Beatric city, free of charge, fifteen large 9x24 Totnih at Whteh. Jobhive. b »sters like that in front of the So- Fomipaittive o Ithat of (85 frst- | Service House, five special post- named cities is located and 100 one-sheet ones. This in o Femedy a part of the discrim- | cludes the erection of the large spe- ination, the commission proposed | (&l board at the Soclal Service House that rates trom the Mississippi river | 87d its electric lighting at nights un- to the three cities on shipments orig- —_————— inating east of the Indiana-lllinois state line should be dropped by vary- ing amounts ranging from & to 15 per cent. $13,000,000 CHINA RADIO CONTRACT TRANSFERRED By the Associated Fres: *0, Calif., December WESLEY CHAPEL fponirect wiih, 0, Chis Radio| Church Edifice at Sth and F less properties in Chin, o the newly Dieq Weacral Telekra *{ Streets Bought by Seventh- Day Adventists. organized Federal Telegraph Com- pany of Delaware, has completed ar- rangements to handle all the manu- facturing for the new company, it was announced yesterday. Head- quarters of the Delaware company are to remain on the Pacific Coast. . Prestdent R. P. Schwerin announced | The old Wesley Methodist Episco- that the $300,000 already expended in | pal Church, known as Wesley Chapel, development work upon the 313,000 |at 5th and F streets northwest, was China company_contract i : Foderal Telegraph Company of Cali- |S01d yesterday to the Sevemth-Day fornia will be returned to the treas | Adventists. The exact purchase price ury to provide a fund for the use of [ {s unknown, but Is said to be a lit- the California company in its manu- tle less than $50,000. e S The deal was handled by William T. Galliher for the trustees and con- HALE IS SANTA CLAUS. |sresation. while R. E. Harter, presi- dent of the District of Columbia Con- New York Cotton Exchange Has|ference Assoclation of Seventh-Day Merry Christmas. Adventists, took tile to the property NEW YORK, December 21.—Thomas for the purchasers. Congregsations to Me: Hale, secretary of the New York . it Cotton Exchange, played the role of After repairs have been made on Santa Claus to the employes yester-|the building, it is stated, the con- day afternoon. when ho distributed | gregations of the two Seventh-Day 11,000 in cash. s was the largest| ,, 4 ahisanen made. o v ° Every employe, including sixty per. | IOTiiwest respectively, will be con sons who have been there only since| ™1t ig ctated that about a yvear ago| July, when the exchange moved l."‘o private interests contracted for the its new home, was remembered. Sec- | Private Interests contracted for the retary Hale handed out 130 envelopes| hurchase of the chuteh, ang that in “all, the amount of the contents| " over consummated, however, | varying according to the length ofi.nq the money deposited is said to service and position of the recipients. | 414, the money dep The church was opened in lhe‘! LEAF TOBACCO RECEIETS. year 1828 and for many years had a| large congregation, but in the last BALTIMORE, December 21.—Leaf|few years, due to members of the tobacco receipts continue fairly large | church gradually moving away and for this time of the year, being 540 | attending uptown churches, the at- hogsheads, while sales were 501 hogs- | tendance rapldly dwindled. ndlfi Prwmu high prices continued Umed by Evangelists. Tor BRI B Sinoe the entire congregation left Prices per 100 pounds are, the church the bullding haa® been ne used for evangelistio “work. Mrs. g e Mattle Perry conducted evangellstic Good common. services there for more than a year. Stedtom. No rent was charged, it is said, the Good to .00 | trustees having taken the stand that Fancy the good work accomplished was re- Beconds, muneration enough. "g”““."'finfl-':“a':en?:ua The church, which is now sur- l‘;;erncmmt'r ‘air cured. 00240, rounded by office bulldings, has been e C fo0nid%| a prominent landmark in this clty N. und and badiy mixed packsges | Since its construction was completed. N. B.—Unso JONES PASSES DIVIDEND. from 1 to 3 cents lower. NEW YORK, December 21.—Di- % H 285, .00 .00 00 5. 56. 3 5B Bag B0 3338332 58 o5 CRUDE OIL HIGHER. PITTSBURGH, December 21.—The|rectors of the Jones Brothers Tea rice of Corning orude oil in Buckeye | Company yesterday passed the guart- glpe Lines Company lines was ad-|erly dividend on common s dus vanced 16 cents a barrel to $1.40 at|at this time. The last quarterly dis- the opening of the market today.|bursement was 3L The regular grades which advanced carlier | quarterly dividend of 1% per cent the week were unchanged. on preferred stock was declared. FINANCIAL. SEABOARD WILL PAY INTEREST ON BONDS By the Associated Press. NEW YORK, December 21.—Di- rectors of the Seaboard Air Line Rall- | way Company have voted a 21 per | cent interest payment on the com- pany’s $25,000,000, adjustment mort- Bage per cent bonds outstanding. No interest has been pald on the bonds since the first half of 1821 This authorization covered the inter est due August 1, 1821 —_— BUMPER SUGAR CROP. Philippine Records Surpass Yield| 2 | of Previous Year. FIRST MORTGAGE LOANS Bearing 64,9, Secured on HOME PROP- ERTIES at less than one- half of value. This Is the Safest Possible Security Guaranteed Title Investment from $500 upwards [; f# By the Associated Press. MANILA, December 21—The latest | estimate of the 1923-192% sugar crop of the Philippine Islands, printed in the Manila_ Times, places total duction at ,000 tons. Of this est mated crop 289,000 tons is centrifu- gal or 96 degree sugar and the re mainder muscovado. This es shows that the coming crop exce that of 1922-1923 by approximately 59,000 tons. Waggaman & Brawner, Inc. Franklin 7455 732 Seventeenth Street s W. UNDER UNITED STATES GOVERNMENT SUPERVISION Safety and Interest Guaranteed 4, Savings Deposits 4 7 5% Certificates of Deposit5 % Free Checking Service Banking Hours: S:30 to 5 P.M., THE DEPARTMENTAL BANK 1714 Pennsylvania Ave. N.W. FIRST MORTGAGE NOTES For sale. Consult us if you have avallable funds for investment. THOS. E. JARRELL Member Washington Leal Estate Board Woodwurd Bldg. Main 766 Money to Loan Becured by first deed of tiust on real estats. Prevailing interest and commission. Joseph I. Weller #5,%% & & ¥ | FOR INVESTMENT MORTGAGE LOANS Denominations $100 to $6,250 Interest Rates 612% and 7% All loans secured on modern homes and busi- ness property in best northwest sections of the city. Ask for Intormation EQUITABLE Co-Operative Building Association Orgnnized 1879 YEAR COMPL 4.7 s1 44th Axets . Surplusx Save Systematically st effective m o adopt_a systematio_ pl k to it. Join the Equitable, Subseripti 86th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. N Joy FRANK P. n for the FIRST MORTGAGE INVESTMENTS 6Y2% Denominations, $1,000 and upward. Secured on Improved Properties Only JAMES F. SHEA 643 Louisiana Ave. N.W. El EDSOY, R President ESIDE, Secy. Safe Investment First mortgage loans in denominations of $270, $500 and $1,000, secured on improved $500, | | | | reni estute: interest 6% per cent, payable | | semi-annually. TERRELL & LITTLE, Inc. saltors B 1208 18th St. N.W. e | i “S.P-U-G” —This is not a new make of spark plug, but the mystical insignia of a group of citizens who have banded themselves together as a: “$”ocicty to “P’revent “U’seless “G”iving We are not active members of this body, but we feel impelled to suggest that their objective, as applied to financial transactions, is worthy of thoughtful consideration. Instead of buying gifts which, in many instances, perish with the using, let us offer you choice FIRST MORTGAGE NOTES which are unquestionably safe and paying a liberal rate of interest. It is not too late to arrange a purchase for Christmas. Let Our Mortgage Department Tell You How It Is Done S N HANNON - & LUC 713 14th Street Main 2345 = sesoosoat The man who invests in our 614% FIRST MORTGAGES —from $250 up—realizes that his principal is safe and the income sure, usually becomes a regular customer and stays with us—start this thrift habit today., F. SAUL CO. 1412 Eye St. N.