Evening Star Newspaper, December 27, 1923, Page 23

A or i SHE ‘ _D. O, THURSDAY, DECEMBER 2, 1923 ~ EmwawcEAL. w Lt 3MDIAITOS _ NENPRODITION PENSHVANA N e | | e DOOMED INTE2A, =-eeszmemeee T vz SMASHES RECORDSIGAINS INNOVEMBER AL 1 s Joseph I- we"er fl.v...t: k # Tras CORY & CORY, 907 16th N.W. 6%% Denominations, $500, $750, . '$1,000 and wpward, " Secured on Improved ° Properties Only JAMES F. SHEA 643 Louisiana Avo_. N.W. INVESTMENTS Prevalling {nterest and ‘commission. sele in_denominations of 3250 to $5,000, janother day of activity on the Curb!ana reacted a point under realizing If You Believe in the United States—You Believe in Washington! ————— T T I T ashington; Per 8 Cent Market, but the price movement was | Sales, but subsequently sold above the previous close, Replacement Demands Meanlt.,.':;’",,,“‘w‘jd:;‘,’;‘;’;, naturaly resmie | pooUhern States in ,,'_';-lc,;‘,;‘:é.‘“gfllncrease Largely Due to Pork|Cut in Operating Expenses Enormous Returns for |aeciome eun e iing in the early | Dot Guit states recaversd oty o sran | Supplies—Most Prices Offsets Drop in Gross. Other Reports. heavy selling of the oils. The losses, | fiweq the Southern States episod Motor Car Makers. however, were comparatively small| Other industrials bore the Appear- and after these offerings had been ab- | ance of heaviness at intervals, but sorbed, .the market hardened again. |there were a number of exceptions. Mid-continent olls made some re- | Defnware, Lackawanna and \Venem' part of the sharp break which fol- Lowest for Decade. ) We recommend an issue, now being sold by BY J. C. ROY sponse to advances of 10 to 25 cents | Coal made further response to the| Production of meat this year was] NEW YORK, December 27 —Al- - A 5 2 SR s paten o Tiie S :nm‘:l‘ ml Tma k:m«.ua:mlnu. bl‘?‘l‘(‘l‘l 45| Secineation 0" wn extra amgend of [ the greatest' in history, exceeding|though the Pennsylvania rajlroad, ||| IXTEENTH our Securities Department, paying 8% interest— NEW YORK, December 27.—The au- |of the ofl sharcs fenerally. hom ans B Gt A Mines ‘eaniinded "the |1ast year's figures by one and a half [reporting yesterday for November, ||| payments being made quarterly. Many of our tomobile industry is preparing to en- [counted this action to a large degree. | active favorite of the low-priced min- billion pounds, according to estimates [fhows a deerease in i gross reve- and Gas reached 236, |ing shares, getting up to m new high by the Institute of American Meat|nues as comparkd with the corre- Packers. A big jump In pork produe- [sponding month a vear ago. a curtail- WTREET PARK In the chosen line of h more money in | Prairie Oi the banks, fewer debts, fewer bur-|gioere 1t Wednesday final. Magnolla | vein had been uncovered. ter the new year wi clients are making reservations in anticipation of where 1t their January requirements. up more than 9 points | in response to reports that & new | densome inventories and more confl- e e tion was largely responsible for the [ment of more than $4.000,000 in oper-|! F""‘I:’—:;':."’:‘:;:?":"E;T dence in the future than at any time | NEW YORK, December 27.—Follow- ;l/, increase, 10,000,000 more hogs being |ating expenses more than offset this || e 5 B L P Write, phone or call for complete since the automobile business escaped, | INg is an official list of bonds and stocks % | bought by the packers than in 1922, [decline, and as & result net earnings ||| 0 2 2 from its swaddling clothes: At no (fraded in on the New York Curb Mar- LCharles A. Herrlck, president u?' for the month stand at $6,366,206, or ||| Edson W. 1:3?:&. % Nel’ | information e A ke v ' s 18 Wenden Copper. the institute, virtually all o e | a1 Y e figure 4 . N.W. time since the war have executives| = B Lt M Tnetranod oraineton Bah atved dite Nmazhun o:g above the figure for ‘M. 5974 1 of the industry been so thoroughly of | ovt, i, High, Yukon Gold. consumption, elther here or abroad, |November, 1922, A" I one mind regarding future business, | 7 Allied Packers 8s Tile —_—— Despite the uncertain element in the | Pennsylvani's November statement | —— = = = an 2 alker nvestment 0. and at uo time have they had so much | gt 4% Got OU 66 0. 100 European situation, he sdded, the|was accompanied by reports from a 5 i bl TR meat_export trade 'during the' year [large number of representative roads. J-E. WHITE, Manager Main 2690 ready cash to back up their opinions S T kT e AL was satisfactory in vo!\n:?‘ :eb or" ‘Nm-'rg:uu.;;q, ’VVen(ern u.rno;gz; def’ We B“y d Sell A with ¢ rete programs of production. 5 Anglodmer O . nt more of the commodity being licit of 70,627 In November, , into | an 5 » Q The best evidence of the falth these ALt i shipped than In 1922, although be- a net income last month of $1.712,599, Securities Department Southern Bldg. in conditions for 1924 Is the ce which has been set by Ford com- said, recelved more for the cattle,|this year totaled $666,627,846, an in- the first time heep and lambs than they did ten |crease of 77,720,300, @s com- cause of lower prices the value wi Ilm!l Wnbn{l{, whll:h almost doubled | cb B only 20 per cent greater. ast year's November net, | iy 20 per Cont wreater. oy [t yean Novemner net o ol Li erty onds { delivery of Year ago, but, in keeping with lower [pared with the cortesnonding period | P prices of pork products, price for fin 1922, and net totaled $74 632,516, & | l’easury otes udany S3n hogs were lower. gain of $7,358,791. The list of reports | 4 o galverie peing fol- | 4 Beret P0S i el T : f Speaks | w nelcsale mest prices, he asserted, | fled Sestérday” incluia the folion lowed to extent y etroit City Gas Gs 99% west of a decade or mor: ing: Loy to 8 sreater orliesy sxient by || S neent ol iae s [University Professor Speaks were the’jowest of a dccade of more: Etc. MUage mi over the connkly 48 Beim = to E ists Holdi clared, Tanged from 20 per cent to Pennsylvania Ratlroad. SAFE OR UNSAFE INVESTMENTS rapidly taken up with the purpose of Feder 3 ore than 70 per cent. He placed the providinie SOk TOr xcers pioducs | 18 Fiaker nodt s tecanenonniets NQ | oiore than, 10 207 (oing ok 7§ por. cont | Yovember crons Bond Department tion until the spring rush starts. 8 Fisher Rody 6s 4 ) 2 & 2 as compared with peak prices during el.t“n.ncmu;x:'vm e . [ SO ik elo i # Gl b Conference in This City. | postowar Bartolli L s s 3 b One of the chief foundation ston 6Tt Maten $ias w 1. 2% | : il tevein Heet || The Washington Loan on which hopes for 1924 are being Kans Clty Teim Drices are somewhat higher than they raised 15 replacements. Manufactu- | 1 Laciede & % | Most favorable trade indications for [ [rS® 71675 “except in the case of | xovember gross.. ... g11. A and Trust ccmmy PR A L Mocne 8 ol o 1924 are shown by cat loadings, build- | bee€ from cots, Which i xelling be- | xet*aneratine ini [ ¥ for replaceme poses = i TR . 4 - arket. G s | Bleven months' gross. 125 precedented. Cars, they insist, are e On e ing statistics and employment figures, | 1o the, JELS RS- F0CC, Y0y o2 | RET G v 8 TR 900 F Street | : IRST MORTGAGES Dbeinig buill better than ever before| 15 Nor States Pow 833 03% while the least favorable Indlcations | Yiaw it was ten years ago.” ° S 17th i OUR 6',% FIRST Mt G. and give jonger service, but that the| 3 Ohlo Pow ¥ 81y S5 olinl Hh dbeseaportitetitha’ teon and Western. 620 Street ) p public 1s less willing to put up with| 6 Park & Tilforl s... 83l H o #n old car than formerly. They say 1 and steel industry, in the widespread ROADS MUST CUT e oy that a large proportion of the Amers reports' of large inventories and in P oo ‘—offer absolute safety of prin- an auto-buying public Is so pros- the prolonged decline of exports, Prof. Net operating ine . % = P Uinker with & car after the Neat two Chaclcs O hiaray or s Suiversitn ol PASSENGER FARES| v ; ! Over a cipal, certainty of vield and an or three years. | lowa told the American Statistical Norfolk Southern, ! i pal, - 3 In the coming twelve months it is RIS ting at the New Wil- 19 | £ s 7 3 1 Tidal Osage 7o ssociation, meeting at the New . Quarter t You take ne estimated that over three million of o 3 ¢ 3 ‘ i | November gross. .. $878,729 adequate return. ou take no the twelve to fourteen million cars| 14 Lol ot pon s & lard Hotel today. A Joing session was|y @ ¢, Orders Rate Changes in|Xet“operating inc . 140,35 i now in operation will find their way | 22 10015 held with the American Economic As- Rloyen Months gross. 8,547,223 of a hev have : FOVve to the junk heap. The business of Ml W W | soclation, the American Farm Eco-{ Three Western States, Follow- |Net operatiog iuc.... 1213732 980,208 MORTGAGE . chance—they ave a proven it AMGar fo Mein na e % % 3% inomic Association and the American s Comlints Century S ield Bofeniizenling: makers Su Pulllopera: 0% % 100 | Associdtion for Labor Legislation, ing P 7 UNEMPLOYMENT HURTS A record of safety and yield. tion. They hope also that fully one s s (1 | With the topic for the meeting, “The ithout 101 10 10, 3 mili ew b be found, 0% U 5l £ s Which| would resuit in sales of 40000 ] e RS BUE eSS Dlitlool Railroads traversing Arizona, Ne- RETAIL TRADE IN WEST Dasoninations 3 000 cars, or practically the same 3 05 0% Business Above Normal. vada and New Mexlco must cease |Special Dispatch o The Siar $100 to $6,250 . a Loss number i STANDARD OIL ISSUES. Business activity, Mr. Hardy February 26 passenger . PAUL, December 27.+-The trade > e G e in units, SHi11 wlgHEis sbove HatmR),. bat charging by T enenss of 36 cents | of the retail’ stores In the Twin Citles | Interest Rates 614% M 4 ot Sl00AtwloAm O ... 16% that {n the absence of | fares at rates iIn excess of 3. has been hit hard by the fact that and 7% e R R e K Tavorable or unfavorable de- |per mile on thelr main lines, the In- | many men are unemployed. . Warm G 00 for orlental ruge. carpets and draperies | 113 Buckeye FL. pments in Europe the outlook 15 | terstate Commerce Commlssion ruled | Weather has resulted in clothing and All loans secured on sum. 325,000,000 represents their im-| 200 Continent Oil new a coutinuation” of the -decline | ; o anutacturers fentting down' {iwie modern homes und busi A S, St 100 Crescent P through the spring. oday. ¢| forces and output, and the absence of and busi- 500,000, While of the other §2 Eureka P L. Without settloment of the Franco-| Complaints brought by the three|ice to cut and snow to shovel has ness property in best g ¢ r'""" RS gous ""”.X‘J'P Sig Ofl. .. rman issue and Improvement of ['States were supported in part by the | thrown many unskilled workers out of hw : Spiters ot the tedaral Treasmy. SAles Humble 0 & R ne scal and monetary conditions, he |commission in finding that the’ rail-|employment. Manufacturers and job- northwest sections of . . o Shnt adar Rave men e 2o D o continued, no large revival of our ex- (roads must reduce main-line passen- | bers are feeling. the «ffects of the r the city. e o0 b 2. nd b oot o ort trade is Jikely and without such | ger fares to the level ‘which exists|tail depression. A siight drop in tem- per cent highe than in 19 Dealers Indiana P L. port t s Y i Ask 1 Intormati I A Geclixe that in many coses ooles feie Inter Pet |a revival the outlook is for continued | Renerally in other parts of the coun- | pernture has aided matters. this weel, o In o in 210 1412 Eye St. N. W. g Taner e A e M * |Gepression in American agriculture, | try: and the employment situation Is ex- Main 2100 2 Ly NG fore the war. | o Lham even be Copper and other raw-material pro-{ The Grand Canyon rallway as a|pected to improve after the fest of ine ORRIS CAFR 1Z Rug men say the surprising thing ucing lines and in allied industries | Whole and the branch lines of the &bout the year's business was the = Prof. Joseph S. Davis of Leland|Southern Pacific, Santa Fe, Rock number of rugs bought by Americans 0 {kafond Universit) JONS o piuer an | o ey o e e = Mortgage Department sdest circumstances, as Penn Mex Fu 0 i tlook in E e, LW, Chred Venbe: ther sy chere Hasss by | 1B Frim o0 fel: " 8 and uhe “meating Wax adjournedat | territory il by alioweit to harke || FIRST MORTGAGE NOTES || [| %2 5tk St N-W- * Main 617 o DUverE oo bl iodge | South P 2 it the, members to at- 3 I B D o e 0 50" Indinn o B rerention At s $oues, | inatances range &% high as 9.6 cents || For sals. Conault us 1 yon have sveiiebie parters weild ‘have thougnt possible | 200 B D s s B Cennux Head Presides. Dér(Hmle e i five years W ashington’s Oldest National Ban 1800 8 O Kentucky. % Addresses were made at the after- THOS. E. JARRELL E U T B E Sharp Competition Ahead. 8800 80 N X mew. do% {noon session by V. Randolph Burgess ber Washington Real Estate Board l A L . . 5 0 o S. H. Nahigian of Chicago, an ex- R S Finch . of the New York Federal Reserve ‘oodward Bldg. Main 768 Co-0 o Buildi ou a ls e ert o an, Asia Mi : E Bank, Dr. Willfor, ng_ of the i e et on e s ML) d T ™ ko e T Khe oS5 BOOM DURING 1928 eOpieative Gitkiing xe. by iecnmmeions day that competition of the keenest|yunreds. INDEPENDENT OIL STOCK! gearch and by Dr. Lewls H. Haney of| gpuciai Dispateh to the Star. ssociation —that your present banking connec- d had b 1t prices to = = IIDERRNDE, i 8. |New York University, with William : 1 4 Y ki had seousht prices to thele brer . S Lok, Univerats, it Wil | S et prtia, *Decsmver 21— || OFFICE and STUDIOS tion provides facilities flexible enough with domestic rug and carpet 4 presiding. A session will be held this | Officials of the Philadelphia Real E: F Organized 1879 - E 1) for all your requirements? Its ability 3 he added. “Strange as it{ 1o Atlan evening. tate Board forecast a Drisk ‘market o Rent 44th YEAR COMPLETED | =Y . 1 sual demands 5 2 12 Bost-Wyo Oil.. for real in-1924. 111} (T1E (] to take care of the unusual de: may scem, there is less competition | ' 35 Conp” Bonoiate . i densin Ansets $4,755,170.52 L} L L . between the domestic and imported| 1 o IR ‘."’bz.k"‘,"e‘,":,‘,:‘;"‘mf":;l CITIZENS BANK BLDG. prsse $1.245,320.98 o dmidm created by emergencies, not the han- enteay . POUIATRCESHIa R Al BASIC INDUSTRIES bullding in the spring.” said John G. -1336 N. Y. Ave. N.W. e Sk ! 4 ’_‘l A dling of routine business, that best S cinnatitte = i Gieols 854 ams, president of the board, to- . X. . N.W. ave 8 ticall : i i ank’s Sompetition T mean Is that be- o e R CURTA“. OUTPUT day. “and that this will continue i o i .zc“:“:u‘“ "’_ Na gauges the efficiency of your bank ition cannot serve to keep ot L T dnaling ing is o, adopt 3 systematio pian service. svels intact much longer, in Vi — L . and stick to it. Join the Equitable. . . Yo tetl woii Hiow Persia and Asia Minor. Persian labor Livingston Pet .... s Present” 86th Issue of Stock connections January first. s awakining o the desire of a| 18 Marsm crease in Employment and, Bankers antlcipate little difficult Organized 1n 1814 : y e vl tor i orta - Chiness | 10 Yex O, Price Racewsions 1n inancing thess DUNAIng operations, Preferred Stock DetumReastond 39 C d Interest rugs of course, have M o 3 1 " . ound Interes e e anare | 2 Yottt o and labor “here continuse’ weil < | Shares, $2.50 Per .Month Our Savings Deft. Pays 3% Comp #peak £o authoritatively for the do- | 263 Mutoal Ol voi ets ; c anufacturer: ; v —_— Snfety and High Yield ° W = mestic -manufacturers, my observa- ew Brad Ol w i Advent of cold weather has worked ROUS E( [l []IAB].E BU "u)‘Nfl " " all a]l tions lead me to believe that they F F e L e N tl al M tr l also have had 2 splendid year.” ::e:tusrlel;en;r::utfi:: lnn,:u:::nw:; KRNI 1 FOTSpoRnIS, Zaiea Earsigs Earned’ " 915 F St. N.W. a on e l ..$14,354,892 2.43 times Farm Products Gain $27,500,000 | 14727079 250 « the country, according to a review of business conditions made by the 80 PER CENT MELON JOHN JOY EDSON, President rofits Over $1,700,000 Capital, Surplus & Undivided P: Beahoara O .11 33 |Federal Reserve Board. The boara's in Value During Year. i +eeeee. 15,176,308 255 FRANK P. REESIDE, Secy. 15th St., Opposite U. S. Treasury—109 Years Old COMES TO I-'GHT Tdal Guage 0ill. . i report showed, Lowever, that the de-| TOPEKA. Kans, December 27—The| ... 15528247 2.63 . Gas. . ss value of farm production ini —_— w o5 S a2 o cxpped dipdr cent Kansas this year, not Including live production and 3 per cent in employ- INDUSTRIALS. stock on hand, was $384,715,000, or . 15783829 2.66 “ ment. 327,500,000 greater than 'last year,, Coal Company Sends Out Checks for Agme Pack . 08 4 Distribution of merchandise by |says the final 1928 report !':‘-“fd here | - 16009628 270 « the state board of agriculture. | $40 Per Share on $50 Par 3 dmctia 2% wholesalers and retailers has been (P, 1he ZIT® DRGSO, 57 DECCUTS, - 16116326 271 « ¢ Gty o s somewhat less active than in a few |o¢ 1922 “affords additional evidence ! ".. 16,140,016 271 « Value Stock. 4 Atiantie Prult wi. gmn;hs r:;iur :oh Novelmbelr 3l 1“'° that ;h. t:lrn hln% been ma!:l; and that . 4 Biyn Shoes Inc.... oard sald, with wholesale -prices |the farming industry, en as a . . 4 Bilyn Oity R R... showing a slight further recession. |whole, says the statement. “is Circular on Request By the- Assgelated Press, 18 Candy Prod Corp i jaThe, agricultural industry, with_is surely: thoush slowly prosressing in < VW - > 2 o arger crops in wheat, hay an n- 3 t rect NEW YORK, December 27—Re-| 1 Cent Teress pid oral tarm pioducts, spened to e | Ak mheat was the pramior|] THOS W. Brahany & Co. . \ ceipt by stockholders of the Lehigh e e an_impoved condition. crop in acreage, corn ranks first both E Buildi 1 and Wilkes-Barre Coal Company of | 1 ooy sy mo muts 4 Rallroad freight shipments in No- |in bushel prodiction and value. ! vans Building 2%0 checks representing an amount equal | 2% D L & W Coal. vember showed about the usual sea-| Live stock returns showed an_ in- | Main 6180 to $40 h "} Dubitiar © & B 4 20nal decline from October, the re-{croase in aggregate value of $10,- | o on each share on $50 par value 14 Durant Mot. - port said, although November move- {00,000 over 1922. stock disclosed today that the com- 3 Bast Bteel. ments were heavier than in previous pany voted on December 18 last & 2;{ v Bieamuitp. P years. 3 aividend ot 80 per cent. Cleenontie Troa G % The total volume of credit extend- 2 Glen Alden Coal ed by member banks In leading cities b APPL—P—.— 2 6old Dust G0 w i 33 | showed but little change between the o r an ua ry un leyden Chem ..... m e o lovem the e . E PRICES HIGHER. | I5am shuys Decgmer, fhe teard poriet | | FIRST MORTGAGE NOTES : : 2 Int Concrete Ind Co ercial und agricultural loans in Advance of 25 Cénts Per Barrel in| 3 Lehieh Power mec..", most districts, but this was offset New York Todmy. ‘!!ilhby‘;l);e.‘ &L nw by increased loans on securities. FOR Sm 1 Midvale Co 8. 18 2 N 2 1% 13%|COCA COLA ADOPTS - h NEW CANADIAN PLAN 4 4 34 34 . 201, 20% | Speeial Dispatch to The Star. LLARS 45" &% | ATLANTA, December 27.—The Coca 800 DO AND UPWARDS 3 Cola Company announces that the 3 Coca Cola Company of Canada, Ltd., % f . h. l has been formed to take over the arein of security which sales and distribution of sirup and to These loans carry the same marg; y Dandle thaibotiing P itheipaaducts ‘we are accustomed to require; they carry our unqualified nich Waiter M. Browniess o " roval . c er B, an- g :vzlnr d‘lg-nctor, will, take over all in- app Special Dispatch to The Star. NEW YORK, December 27.—Green- ing apples of fancy quality and large size advanced 25 cents per barrel today, owing to the more active de- manfl’ and comparatively light fresh arrivals from western New York and the Hudson river valley. Prices ranged from 3450 to $6.50 per barrel for “A" grade, 2%-inch stock, while 2% and 3 inch offerings realized from 50 cents to $1.50 per barrel more. A grade 2%-inch Baldwins sold at from $4 to $5.50 per barrel, depending upon quality and condition, FOR the first time in several years we have available for January investment several first mortgage loans IN DENOMINATIONS OF ‘ which bear interest at a higher rate than 6%. romenE R E S e a SRR California production was 726,350 barrels, an increase of 18,000 M’r‘r'qll. ———— TODAY’S BUTTER PRICES. CHICAGO, . | 37.—But ‘ B oration in e lan te ory. MILL SALE CONFIRMED. o 3 ' o : RPN TR N : We do not know how long this rate continue, s Lot Dafiop Fiaut 1g' Georgla '°°"| 5 CRUDE 0IL OUTPUT we suggest you make reservations at once. We will be to Change Hands. i i i nt f til your funds J MINING. lad to. de your investment for you until y | AtLANTR Ge, Dacember 37 ~Rde P iasiinirs aace - AGAIN ON 'NCHEASE . glad to set aside y ¥ ports of thé sale of the Lols.Cotton a8 are available. e R D a5 Fij for Week Sh Slight hi ills, h . 28 igures for oW gl PremeeE" white tn_Aiknin h bl e s ONLY 4 DAYS MORE ness, that the property had been purs 3 5 ~ 2 ork_interests, 3 Gociined o Bive the amount invalved - Trend., —and 1923 will be gone. or the names of the new owners. The 3 i . : Dalieq “at“3ra00000. Mr. Geer ia] . 015y the. Amosiates Poin « Why not resolve to start 1924 by joining ‘the ) 1’:’;’.‘.":&'1 o‘t“::e Laurel Cottop Mills| iy o NEW YORK, December 27.—The ranks of the CONSERVATIVE. INVESTORS and 2 ’ ; % %% % |daiy average gross crude ofl pro- : : ¢ B2 (& 8% "% [auction of the United States increased placing your funds in F“?‘ST MORTGAGE NOTES. Swartzell, Rheem & Hensey CO. -DIVIDEND TABLE. e By %y |950 barrels for the week ended De- v i1l be saf liberal 2 December 31— *2 Jero 1% * 1% |cember 22, fotaling 1,944,250 barrels, || our money wi sate, pay you a liberal re- 727 1 5th Street Northwest Ale Beduction, K % o |according to the weekly summary of turn and relieve you of all worry in the future. fi.“"‘:‘fid 0il, xq xg T"A“ .14 .14 /|the American Petroleum Institute, A 5 ' yuk Cigars, Inc. e 02 " .02 |decerase of 14,000 barrels in the daily o : Bayux Sieame: Tacr 59 ?i::i 23, 13, laverage production of the Powell| Interview Our Mortgage Department ' 837" 58" fleld in Texas was offset by an in- Y : 22 Nipiestng b by [crease of 18,000 barrels ta Californta. . 54 Years’ Without Loss to an Investor 4 Onlo a0 2% |The. daily average production east of s / ’:m 2% 2y (the Rocky Mountains was /1,217,900 ¢ X 219 ..5 F g g 20"\|barrels, & decrease of 17,050 barrels, / F I > © i A 2 4 3 & 28388 * @t 58, E4 & i