Evening Star Newspaper, December 26, 1923, Page 14

14 ‘THE EVENING STAR, WASHINGTON, D. C, WEDNESDAY, DECEMBER 26, 1923, DELAY BY BERUIN l@@smmm;mmmm&@m&m@@@@&&@m&m&w&&mmm&m&m&mm&m&m@&&m@&a;v; OGSty BANK DISCUSSED Significant Departure From Methods Seen in With- holding Statement. By the Assoclated Press. BERLIN, December 26.—The delay- ed appearance of the reichbank’s re- turns for the second half of Novem- ber suggests to several financlal writ- ers the possibility that central bank- ing institution is traversing a de- cisive transitional period, the out- come of which will mark a signifi- cant departure from the bank's pre- vious methods. The newly appointed head of the reichsbank, Dr. Hjalmar Schacht, is thought to have ideas on t ues of gold currency and pri- vate credits which will ultimately call for a complete overhauling of the bank's policiy That the reichsbank’s statement for the last two weeks of November should be held back until Christmas eve, which marks the Feginning of a three banking and one week oceasions only re- h the Decem- y make: on its credit service. Paper Marks Increase. The returns for the latter half of November reveal an e of 308- 000,000 trillions of paper marks in its 'holdings of private checks and drafts, which, oddly enough are offset by an almost mount of newly ugh the bank's that the lat- »ned through sorption of emergency nicipal or private ori. picuous increase in the during the latter half ‘of November and possibly be- ¥ond that time proved a useful milch cow for industry, trade and com- ce, which sought its loaning ac- comodations at an annual discount of 90 per cent in preference to paying anywhere from 20 to 40 per cent for short-term loans on the bourse or meeting equally excessive rates in the private banking world, which, addition, continued the general e i of credits. The reichsbank’'s current returns also failed to make clear whether its heavy advances on private credits were based on the paper mark, which at that time had not vet been defl- nitely stabiiized, or whether the louns are returnable on the basis of gold computation. New Problem faced. Whether the army of borrowers who helped to swell the reichsbank’s fund of private chits hoped to profit from the inflation period's last gasps by making a quick touch in paper marks which ultimatcly found highly respectable enchantment through ef- fective temporary stabilization or conversion Into foreign currency, is only one of several queries prompted by the belated iber accounting. Up to Decembe he reichsbank had drawn 750,000 rentenmarks of its alloiment of 900,000,000, which it is obligated to place at ghe dis- posal of the central government and on which intere: is to be paild. Pre- viously it turned over 300,000,000 rentenmarks to the federal treasury, which the rentenbank by the letter of its charter is to place at the govern- mient's disposal free of interest. These rentenmark holdings, which are com- puted in the reichsbank's statement on the basis of the stabilized paper mark, are primarilly intended to ab- sorb ' the government's discounted treasury bills, which, it is announced, will shortly disappear from the cen- tral bank's returns. On January 1 the rentenbank will transfer to the reichsbank the sum of 1,200,000,000 rentenmarks, which will be wholly reserved for the purpose of private credits and advances Lo the note printing banks. e ] HOUSING EVILS GROW. private Report on New York Conditluu: “Shows Tenant Worse Off.” ALBANY, N. Y, Housing conditions i are worse than th ago and a prog: December 26.— w York city s continues, Gov. Smith was told in a preliminary re- port of the commission of housing and regional planning Jjust) made public. ~ The committec said a com- on with the 1920 report of the nor's reconstr n commission nding facts: ed ~ forty to 3 : factory wages show a decre! there is a greater ; rooms cupied: little repair- sanitary con- congestion in virtually every high rents are taking money from food and educa- tion; standards of living are being lowered; emergency rent laws -are being evaded. Smith sald the Teport “presents a living bioture of homes in New York and it is im- possible to _escape its meaning. Housing conditions presented by this off. NEW BISHOP NAMED. INDIANAPOLIS, December 26.—The Rev. Alphonse J. Smith, D. D., pastor of the St. Joan of Arc Roman Catholic Church here, has received notice of his_appointment by Pope Plus XI as bishop of the diocese at Nashville, it is announced. O New Year Greeting Cards We have undoubtedly the largest and most complete assortment of unique and origihal New Yerr's Greeting _Cards ever displayed. If you received Christmas Cards from some one whom you overlooked, here is the chance to gracefully re- ciprocate. Our New Year's Cards are not like those you are accustomed to seeing—we specialize in novelties. The National Remembrance Shop (Mr. Foster's Shop) 14th Street ° S0 from Alwo 1229 Pa. Ave. report show the tenant to be worse { “ask for Horlick's' \ The ORIGINAL Malted Milk Y f-rm An- ' Avoid lmmm—sflbfim Boys’ Brushed Wool - Mufflers —in a good assortment of plain and combined colors 95‘: ANSBURGH & BROTHER Boys’ “Protecto” Knitted Caps Choice of good colors. special many easons For Another Busy Sale of Winter Coats An Opportunity Too Good For Any Woman to Miss o Think df a new winter coat for Nine- teen Dollars! Christmas has left you with a scant pocketbook, yet you must have a new coat, and here it is at a price so low you wil'#fhardly miss it. Many of these were coats that sold in our early fall showings at prices decidedly higher, while others were odd lots bought new from the manufacturers, to add to the remarkable values of this sale. Bolivias, normandies, suedine, polair and the favorite sport plaids and checks, each defying this low price in its quality and exceptional good looks. M [any are trimmed with fur — opossum,” nutria, beaverette or Manchurian wolf. Sizes for misses and women. SECOND FLOOR, LANSBURGH & BROTHER Silk-and-Wool Canton Crepe Specially Priced 1 .69 With the holiday season passing, you can now give thought to your new frocks and coats for the coming year. fashions dresses of both beauty and service. This is a beautiful mixture of silk and wool and Yard wide, in twenty-five favorite colorings. Four Woolen Goods Specials $1.00 All-Wool Crepe Plaids and Checks All-W ool Serge All-Wool Stripes Four fabrics that are the leaders for sports skirts, dresses and many other of the winter’s needs. Salt’s Hudson Seal Plush, $12.50 The beauty of real fur at a price much lower than real fur price. The deep soft-pile is adapted to the fashioning of coats, capes or trimmings on other fabrics. Rich black only. THIRD FLOOR, LANSBURGH & BROTHER @@@@’@ @@WWW@@@@@%@@WN@@WW@@W@@%W%@@@fi@@@@@@@@@T‘@@@ C-B Corsets and Claspons, $1.00 C-B corsets made of fine cou- til, with elastic top and medium hip. Claspons of fine coutil with elastic inserts at waistline, for slender and medium figures. In flesh only. THIRD FLOOE, LANSBURGE & BROTHER $115, $139.75, $235 What better way is there to invest your Christmas check than The reductions in this Pre-Inventory Sale in a smast Fur Coat? make it a particularly good investment, with the greatest part of the fur-coat season still to come. Fur Coats Formerly $145.00 Reduced to $115 Note the many styles you may choose from at this nominal price. Sealine (dyed coney), with collar and cuffs of natu- ral skunk, natural or Viatka squirre’. Natural Muskrat Coats. g Caracul Jacquettes, tan or gray. Wildcat Jacquettes, trimmed with raccoon. Fur Coats Formerly - $195.00 Reduced to 139" Coats of Civet Cat, Natural Muskrat, Belgian Squirrel (gray coney) or Mar Mink; all 48 inches long. Caracul Jacquettes, in tan, beige or brown; _sbme trimmed with red fox collar. g 5 Fur-Coats Formerly $295.00 Reduced o $235 Luxurious Coats of Hudson Seal (dyed muskrat) or Caracul; 48 inches long. Self trimmed or with wide collar and cuffs of Natural Skunk. tifully silk lined. A SECOND FLOOR, LANSBURGH & BROTHER Your Gift Money May Be Profitably Invested In These ‘Women’s Smart New Low Shoes Specially Purchased New Arrivals and Higher Priced Styles Reduced to Styles suitable for immediate wear and for Spring. Stout walking oxfords, smart pumps, low, high and medium hegls, in patent, dull kld tan russia calf and wanted shades of suede, as well as black satin and Kaffir kid. 3 Models for every taste, sizes and styles for every foot and every need. Note the smart lines of the eight models sket¢ched—observe the new- ness and correctness. An outstanding value offering, one that should bring to our Shoe Section every woman interested in securing a new pair of shoes now, and securing them at an advantageous price. Come early tomorrow—for best choice and unhurried service. SECOND FLOOK, LANSBURGH & BROTHER Beau- Sweaters of Wool and Silk Reduced to $10.00 Some of our finest sweat- ers, suitable for. winter or early spring wear, are in- cluded in this.sweeping re- duction. There are several styles and many lovely col- orings to select from. 18 Slip-on and Tuxedo Sweaters, formerly $19.95. 24 Slip-on and Tuxedo Sweaters, formerly $15.95. 17 Silk Sweaters, several styles; formerly $18.95. Very Special! 35 Sweaters Formerly $7.95 to $9. Reduced to $5.95 These include some of the favorites from our Christ- mas’ stocks, all of superior ‘‘quality and smartness.; Tuxedo, golf and slip-on models, in many sport and dark’colorings. -SECOND FLOOR