Evening Star Newspaper, January 1, 1924, Page 27

BY RADIO TODAY Schedule of Wireless News and Entertainment. LOCAL STATION NAA—Naval Radio Station, Va. (435 Meters). 5 p.m.—Weather bureau report. rly Program Wednesday. .—Live stock reports. m.—Weather report 2 uit and vegefable Radio shi pments. H 5 p.m.—Fruit vegetable and Live stock reports. bureau crop re special 4:25 p.m.—Dairy market report. WRC- of America Silent WCAP—Chesapenke & Potomae Tele- phone Co. (469 Meters). 7:30 p.m.—Pauline Fierstein, lyric soprano. Program: “Je dis que rien ne m'epouvante” from “Carmen (Bizet): "0 quand je dors” (Liszt): Waters of Minnetonka' 750 Barnes, president of the United States Chamber of Com- merce, speaking on “Business Condi- tions, 8 p.m.—Edla Soler, flautist. 8:30 p.m.—"Brooklyn Dally Eagle Digest,” by H. V. Kaltenborn, asso- ciate editor of the Brooklyn Daily Scandinavian “Eveready S ponsored by Carbon Company. 10 p.m.—The Harmony Queens sing- ing popular and light standard bal- 1ads the National DISTANT STATIO All Programe Scheduled for Eastern Standard Time, WJZ—New York (455 Meters). p.m.—Supper concert by 5 p.m—"The Ten-Talent Man," by John Jone: i $:30 p.m.—Piano recital by Berumen. 9 p.m—Poems by Carlyle Straub. 9:30 p.m.—Ernesto Berumen, pian- 1st. 10 p.m.—Songs with ukelele, Richard Douglas. 10:30 p.m.—Dance program by the Hotel Astor Dance Orchestra. Enrly Program Wednesday. 3 p.m.—Opera talk by Emanuel Stieri. 4 p.m.—Harper's Bazaar Fashions. 4:30 p.m-—Tea music by the Hotgl Commodore Orchestra p.m.—Closing reports of the ew York state department and stock nge: lron Age steel and iron s; Evening Post news. Srnesto $:50 p.m.—"Etiquette,” by the Dou- bleday Page Compar 3 p.m—Cello Kraeuter. 30 p.m.—Program by by Harry Del- 10:30 p.m.—Concert by the Western Union Boys' Band. WLW-—Cincinnatl (300 Meters). 11 p.m.—Special remote control pro- gram from the Starr Piano Com- pany: Gennett Recording Dance Or- chestra Early Program Wednesday. 30 a.m.—Weather forecast and iness reports. 20 p.m.—B 4 p.m.—Mar 5 p.m.—Piano iaide Apfel. ness reports. oL Teports. selections by Ade- WGY—Schenectady (350 Meters). 7:45 p.m.—Special dance program by the Blue Bird Orchestra. Enarly Program Wednesday. tock market report. —Produce market report. —Weather reports, —Detroit (516 Meters). 8:30 p.m.—The Detroit News Orches- tra. Early Program Wednesday. “Tonight's Dinner.” Public health service bul- 5 a,m.—Weather forecast. 12 noon—>Music by Jean Goldkette's Orchestra. 3 p.m.—Detroit News Orchestra. 3:30 p.m.—Weather forecast and market report: WOR—Newark (405 Meters). $:15 to 7:30 p.n.—“Music While Dine,” by Halsey Miller's Athletic Club Orchestr Early Program Wednesday. 2:30 pm.—Martha ) pianist. 2:45 p.m.—Gertrude in a talk, “New Yor! Professional Women 3:15 p.m.—Piano selections by Mar- Mahlenbrock. - 3:30 p.m.—Elsie Dufou dancer, will talk on “Sa Frekin ile You Newark 1son Smith s Business and interpretive It in Dane- WFAA—Dallas (476 Meters). 9:30 to 10:30 p.m. and 12 to 1 am — Program of the Magnolia Petroleum Company’s Band. Early Program Wednesday. 1:30 to 2 p.m—Music by the Rea Head Gal of the Dallas Journal WBAP—Fort Worth (476 Meters), 3:30 to 9:30 p.m.—Concert by the Twentieth Century Harmony Club. 10:30 to 11:46 p.m.—Concert by the fifty-piece Fort Worth Police Band. WHAS—Louisville (400 Meters). 8:30 to 10 p.m.—Concert under th, nuspices of Ferrie A. Wilson; Barney Rapp and his orchestra; historical episode; news bulletins. Early Program Wednesday. 5 to 6 p.m.—Selections by the Wa ut Theater Orchestra; weather for ast; ~Just Among Home Folks": Strand Theater Orchestra; dancing lesson by Arthur Murray; Miss Mar- guerietta A. King, planist; live stock, produce and grain market reports. KDKA—Pittsburgh (326 Meters).. 6:15 p.m.—Dinner concert. {0 p.m.—Feature. 745 pm.—Children’s period. 8 p.m.—Feature. $:30 p.m.—_Concert by Earl Renner, tenor; James Cooledge, viollnist. 11:30 p.m—Evening concert. Early Program Wednesday. ) am.—Live stock market re- ports. 12 noon—Weather forecast; market reports. 12:05 p.m.—Concert. KYW—Chicago (3536 Meters). 9 to 9:58 p.m.—Musical program; Lillian Hershfield, soprano and_pi pils of Mme. Emma Roe; Spol Gold- stein, tenor; Henry Walter Graham, reader; Herble Mintz, pianist; Wen-~ dell W. Hall, KYW's music maker. Early Program Wednesday. 10:30 a.m.—Late news a; - ment on the financial and cD:I‘\dl’nQ‘:":‘El markets. (This service broadcast s e otable talk 12:35 p.m.—" e talk by Mrs. 1. Peterzon of the People's Gay Come pany, ‘WBZ—Springfield, Mass. (337 Meters). 0 p.m.—Twilight tales for kid- dies; world market survey, S pm.—Concert by Katherin Gravelin, pianist; Mme. von Mitzlaf, contralto. 9 3 p.m.—Bedtime story for grown- ups, by Orison S. Marden. RADIO L C.5. HANDBOOK ‘. PEARLMAN’S - 933'G St. N.W. report. | Battery Enter- | Paul | Specht and his Hotel Alamac Orches- t by ! arly Program Wednesday. 11:55 a.m.—Weather forecast and | market reports. ‘WIP—Philadelphia (300 Meters). rly Program Wednesdny. 0 p.m.—Waeather forecast. p.m-—Artist recital by Maude d contralto, and Mri K, planist; William H. WEI—Philadelphin (305 Meters). $ p.m.—Talk, “The Imperial Soul" Spe B. Meeser; solos, by Beretta Marston, contralt ndersloot, ba Alix | n, st; Loretta Kerk, planist; {the WFI Ladies’ Orchest rly Program Wednesday. 10:15 a.m.—Produce market and live stock report 1 p.m.—Me. Davis Bellevue Strat- ford Hotel ¢ 3 neert Orchestra. ! 1350 pm.—Agricultural report 1.3 DPm—Concert by Miss Bernic Bersus, mezzo; Loretta Kerk, pianist; John T. Brooks, baritone; Edyfed Lewis, tenor. WMC—Memphis 12 midnight | nounced. (500 Meters). Frolic to be an- WSB—Atlanta (420 Meters). L9 to 10 p.m orgia Railway ana Power Compi Ragtimé Quartet; Harry Cooper, pianis 11:45 p.m.—Radiow | concert. WOC—Davenport (454 Meters). Silent. H Early Program Wednesday. 11 am sning maraket quota- tions and household hints. 12 noon—Weather and’ river fore- concert. stocks and markets, p.m program: “Toxins Produced in Dig A. L. Willis; music. lecture, tion,” by I WDAP—Chicago (360 Meters), Dinner concert Sarly Progr: 2:35 p.m.—Lunc m Wednesday. eon concert KSD—St. Louis (346 Meters). Silent ‘—New York (492 Meters). 0 to 10 p.m.—Program same as rly Program Wednesday. 1 program. ive 11 am 11:15 Albert am.— A Aldinger. Music 1 program. ast of Motion Pic- Woodard. Agriculturist market re- 4 ports. ! 12 noon’—Market feports. 4 p.m.—Emma von Holstein, mezzo soprano, accompanied by Mr. Josten. 4:15 p.m.—Ada Rubin, pianist. 4:30 p.m.—Emma von Holstein, mezzo soprano. 4:45 p.m—Ada Rubin, planist. 5 p.m.—Adeline Grabber. soprano. 5:15 p.m.—Della Riordan, lady bari- tone. RADIO NEWS | broadcasting stations will be today until 7:30 pan, when WCAP will broadcast a program jointly with WEAF in New York. The Chesapeake and Potomac Tele- phone Company station also is plan- ning to give the “DX" fans an oppor- tunity to satisfy their itch for dis- tance by remaining silent Thursday night until 10 o'clock. when it wiil broadcast dance music from the Cafe L silent Lo Paradis. Senator Robinson of Arkansas, dem- | ocratic leader in the Senate, will de- liver an address by radio on “Why Congress _ Should ~ Reduce Taxes. throuch WRC, Saturday night at 9:30 @'cloclk. The radio editor has received more than two score letters and at least a3 many telephone inquiries as to the location of station 2XB, which roadcast a program early Saturday £ as a test. This station is operated by the Western Electrio Company in New York city and signed off about 2 o'clock Sunday morning. The announcer did not give the location of the station un- til he signed off. No more inquiries about this station will be answered in this column. i pd - The broadcasting of the concert by { the > York Philharmonic Soclety y WCAP and WEAF last night was delayed about twenty minutes, due to a S. 0. S call which flashed through the air. The distress signal came from two ships which collided oft Sandy Hook, N. Y. Radio Editor: Please announce in your paper what station in Washington, Pa., | which was broadcasting Saturday | night between 11 pam. and mid- | might. T heard the program ais | tinctly and heard the announcer £as: " “This Is station of Washington, Pa., sending on a wave length of 752 meters.’ | JOHN L. BEHRLE. You keard station WABT, operated | by the Holliday-Hall Radio Engin- fure of Washington, Pa. This station a wav 2 meters —Editor. ST adio Editor: | colu¥ish to inquire, through your | giiumns, i any radio amateur can &lve me the name of the station |eleorgia which, late Thursday l‘w'.:lll: broadcast an instrumental fnd Socal program, and which was tion '“ r at the same time ‘as sta- Son WSB. Between each number {n.the program the operator made fhe Aunouncement: “This is radio ;‘\ :.’l).«\;ilnf"n;fi:‘llon ICU,” : o ceme oF emisly followed by the ringing Sowbells and sound of laughter waa ¥ voices. The wayelength metens (the neighborhood of 200 Waiers. indicating that the station Probably that of an amateur. R. J. WEIR. You heard WSB at Atl mroadeasting a midnight - progsam Y othe “mythical station ICU.” This program was published in the radio broadcasting schedule in The Star of last Thursday. Sditor. Radio Bditor; I want to th the station in and nt was im- l | i | hank you for locating broadeasting . contest Just wens A few days ago I caught a station in Denver. Colo., signing off at about 1:15 or 1'20 am. easte standard time. Then on Sunday morning I picked up The Star and saw where another fan heard the same station I heard. am in favor of g si About s month ago T ‘mhs IEAG from WCAP saying that the ma- jority of fans were not in favar of a silent night. There has been 50 much talk about the crystal set owners not getting a square deal, but believe it looks very much 11jes us tube set owners are getting the worst possible treatmant, | Let's hear from those who are in fayop of a silent night? Let's have everybody's opinion. T think it's about time we tube owners were getting a little better . treatment in this important matter. I would like to add that I have gotten much enjoyment reading the Radio News. Keep up the good work. G. E. 8. Radio Bditor: . Can you tell me why heard “plainly 'the” fivst saitt.L first part of 8 program the other night on my crystal set wh part did not come in ‘:l:d;.h. W J. F. BINNIX. There are a. number ';l reasons. ey NG STAR, WASHINGTON, D. C, Statistical Records of Big Business During Past Year Bank clearings, *Railroad earnings, Farm crops (value), Bullding permits, Merchandise exported, 11 months, Excess 11 exported, months, Net gold imported, 11 months, Commereial faitures, Bond sales (par value). Stock sales (shares), Pig iron output (tons), Unfilled steel tonage, Cotton consolidated, bales. §Cotton spindles, Dunn's price index Federal reserve ratios. *Gross earnings. § Active spindles. The cat's whisker may have slipped off the sensitive spot on the galena. Some of the connections may have been loose or the tuning may have been changed.—Editor. Radio Baitor: Referring to George 1. Wilcox's inquiry In Sunday’s Star: I wish to say that 6KW, Tuinucy, Cuba, was broadcasting a program ice music Thursday, Decem- between 7:30 and 8 p.m. The last number played was “You Little Son of 4 Gun.” They were on the air later in the evenin J. G. DUMAINE Radio Bditor December 28, between 12:30 and am. I heard very distinctly & piano concert by station 2XB or but could not understand the pronunciation of the station broad- asting. WIill greatly appreciate if you or any of the fans can en- lighten me as to where this station is. I heard it on a one-tube set. T am in favor of local stations signing off at 10 o'clock one night land station at ew York eity.— K 3 s a special Fordham University, Radio E I saw in Radlo News where a 1 picked up KDKA on a one-tube I have a crystal set and gei JAX, WGY and WHA GARLAND A. ROBEY Radio Fditor I am 100 miles from the nearest transmitting station. which is in Washingtén and 16 miles from the nearest receiver. I have ha v experiences. 1 have h of sting on two lengths KFKX manifolding. Thur night 1 heard WEAF P separately while they were broadeasting a Jjoint program. am now listening to a proj from Wardman Park Hotel. WCAP, KDKA, WWJ and others come in here on a horn connected to a one- tube set. Have a record of more than 200 stations for the wéek and 46 in one night EDWARD C. GILL Earlysville, Va Radio Bditor For_the information of D. and 1. J. Cavanaugh, the station they heard was WIAD, the pri station of Harry Miller, 6318 Northa Park avenue, Philadelphia. 1 would tke for some radio fan to tell me where station 1VU is lo- cated. I heard this station very distinctly while it was broadcast- ing a burlesque prize fight at 1:30 iday, December 28. W. D. - The burlesque prize fight was broadcast by station WSE in At- lanta. The program was scheduled as a “midnight program by the mythical station ICU" and was pub- lished in The Star's radio schedule of last Thursday.—Editor. Radio Editor A fan writes that station W was not reported received in Washington before last week. 1 received this station last March. A few nights ago a fan said he re- celved California. I picked up a ation in San Francisco last win; ter on a one-tube set. It wi am. MRS. J. R. LINKL AQ Radio Bditor: The station that C. E. Brooks inquired about in the Radio New was WDAR, Lit Brothers, Phil delphia. 1 picked them up as WRC was sending code For the benefit of F. P. O. I would llke to say the WGY was transmitting December and I heard Santa Claus reading these letters. 1 see no reason Why so many fans wish a silent night, as T have no trouble in hearing out-of-town stations when they are on and I use a one-tube recelving set using two variometers and a vario- coupler, which gives very sharp tuning. 1 have heard NAA, WCAP, WR! KDKA, WIP, AJ. WBAK, WGY, WHAZ WU WDAP, WJAZ, WCBD. WTA WTAM, WIAX, WSAL WLW, WO« KHJ, KFKX, WOR, WMC, WJAR, KSD, WSB, WFAA, WBAP, WLAG, WOS, WHB, WDAF, KYW, PWX, WBAY, WTAH, WFAM, WBEZ, KOP, WWJ, WSAL WGL 'WOAW, WFI, WQAY, WIAD, 6KW, WBAV, WCBA, WGR. 1 hope to see a full page in your paper devoted to radio. F. CHESDINE, 1002 13th st. s.e. Radio Bditor: In reply to T. S. C’'s request, KDKA., East Pittsburgh, P: the station broadcasting yenir” a5 a violln solo December Regarding a silent night, I do not believe that it is necessary, but that in justice to the tube set own- ers the local stations should sign oft at 10 o'clock at least two nights & week. Wave traps are not always effective and the signal strength is greatly reduded at any rate, but, withal, the crystal set owners should be given the pleasure of hearing the fine local programs as much as possible. The following are some of the stations I have been able to pick up on & WD-II one-tube set using the single circuit regenerative hook-up since October 23 ‘WBZ, WJAR., WHAZ WGY, WJZ, WEAF, 3XB, WOR, WFI, WIP, WOO, WDAR, KDKA, "WJAX, §XB, WTAM, WSAT, WLW, WWJ, WCX, WIAZ (9XN), WDAB, KYW, WMAQ, WEAS, WCBD." WHAS, WCAL, KFKX, WOAW, WOC, KSD, WDAF, WOS, WMC, WFAA, 6KW, PWX, WSY, ICU, WSB and WLAG. NORMAN H. CONNER, 1134 N. H. Ave. NW. the followin Radio Bdito Could you or some other fan tell me what station was broadcasting some numbers on the piano. The announcer said it was 2X— and the third letter sounded like Z, testing. I listened to this from 12:45 to 1:15 a.m. Saturday morn- ing. $n Thursday, about 10:15 p.m. I heard & man say, “Last night we took a try for the North Pole”; th position ‘of MacMillan's ship was given. After this some telegrams were announced. S. E. 2XZ station is a special land sta- ity —Editor. Radio Bditor: 1 heard station WCAO in Balti- more on_ December 18 and every time it has broadcast since that time. The first time I used three tubes, but as I am going to put my amplifiers into another cabinet I have only one UV 201-A tube in use. My, avt ‘Il of the three-tube Tegenerative type. A. B. J. CLARK. \ | | 1923.. 1922 1923 1922 1923 1922 1923 1922 1923 1922 1923 1922 1923 1922 1923 1922 1923 1922 1923 1922 19238 1922 1923 1922 1923 1922 1923 $392,330,593,000 369,098,975,000 $5,432,958,000 4,690,718,000 214,665,000 $630,532,000 623,896,000 $2,745,600,000 3,931,513,000 237,500,000 268,653,000 37,180,000 123,793,000 4,369,000 6,840,000 16,051,000 16,568,000 34,101,000 34,658,000 190,923 185,462 8.2 0.4 t 5 $Highest ratios. 1923 HAD FEWER BUSINESS FAILURES Lighter Than in Two Preceding Years, But Defaults Are Still Very Heavy. TOTAL OF 18,720 CRASHES Liabilities $530,532,000 for Year, R. G. Dun Reports. Special Dispatch to The Star. W YORK, January 1 —Busi- ness failures during the year 1923 and the losses attributable thereto have been somewhat lighter than in either of the two proceeding years, but are still very heavy. Mercantile defaults for 1923, as shown by the records of R. G. Dun & Co. will number 18,720 and the liabilitles will amount to $530,532,000. In this state- ment the final days for the month of December are estimated. During 922 there were 23,676 mercantile defaults, the largest ev recorded in a single and the liabilities were $623,89 next te the largest amount “d in any one year, losses agtributabl the failures during 192 ing year, being a fe Figures Run Very High. Both in number and an - debtednoss the ficures for. the past three years have run very high. Even Lnder'such trying conditions as pr vailed in 1814 and 1915, or in 1%9 the losses through insolvencies were only about 50 or 60 per cent of the indebtedness recorded for 1921 or 1922. In a measure this is due to the much higher range of values now prevailing for practically all classes of commoditie department the volume of Iy this has swollen the Sums recorded in all business transactions and among others the indebtedness of in- solvents The records of lLusiness s compiled by K. G. Dun & Co. a bacs nearly seventy years. The number of concerns in business is now great than ever before and this would a count for a part of the increase in the number of business failures, Spee Below is given the number of fail- ures and the amount of Habilities fc sach ear back to 1910, with the esti- ry prices h; turs g their own story. While the number of defauits during the past three years has been large, the percentages of failures in “ach of these years, particularly 1923, is somewhat bhelow that of years back to 1910, October Loswes Extra Heavy, Thers was improvement as to the number of defaults in each succeed- Ing quarter, both during 1932 and 1923 until the fourth quarter, but such is usually the case. For the third quarter of 1923 there was a considerable reduction in the number of defaults, both in the comparison with the preceding quarter and with the third quarter of 1932. During the last three months of 1923 the number of defaults was larger in each suc- ceeding month, and for December the indications are that the number of insolvencies will exceed those of De- cember, 1922, December of this year being the first month to show such an increase. As to the indebtedness, the losses each month have continu to be quite heavy. One month. Octo- ber last, stands out as a month of particularly large losses. During only one other month since the com- pilation of these records, did the amount of liabilities run so high as in October, this vear, that month being December, 1821, ‘when the in- debtedness was $87,502,000. BUSINESS ON SOLID BASIS. Wall Street Optimistic as 1924 Outlook Is Discussed. Special Dispatch to The Sta; NEW YORK, January 1 oid year at its close, busine over the country are asking what the new year is to bring them. Bank re- search departments, financial author- ities, Wall street houses, government bureaus, all have been busy forecast- ing the course of trade during the coming year. Of course it is not possible to sup- ply any prediction that can be im- plicitly relied on. All we can do is to say that business is sound now, and that there is nothing in sight which gives us any reason to suppose that it will not remain so. 1t is significant, however, that most Wall street houses, which were de- cidedly pessimistio six months ago, are now saying that the prospects for 1924 are for prosperity. it Gttt Have You Been Stung Yet? Some men have to get stung good and hard before they learn to be cau- tious in making investments. Be- fore you invest—investigate! _——— POTATO PRICES ADVANCE. Forty Milllon Bushel Shortage Helps Market. CHICAGO, Janu#ry 1.—The lowly potato scored some sharp price ad- vances during the week ending De- cember 29, and |with the crop of cighteen late potato states forty million bushels short of last year, Ahe market is in a fairly strong po- sition, according to the federal bu- reau of agricultural economios’ weekly review. The Increase in prices to jobbers at Chicago was 30 cents a hundred pounds Canada has a full size crop this year, but with a tariff of 50 cents a hundred {:I’lnfl and freight charge: to be reckoned, it is hard to roll po- tatoes aoross the border, the review points out. 2 other GREATER ACTIVITY IN BRITISH TRADE Coal Industry Enjoying Special Boom, Reports American Chamber of Commerce. HIGHER PRICES PREVAILING Heavy U. S. Demand for Linens and Finer Pottery. By the Associated Press. LONDON, January 1.—lIncreased activity in British trade is noted In the American Chamber of Commerce London’s December report. This is especially true of the coal industry, which 18 heavily sold in advance at increasing rices.» More than 17,000 tons were sent to the United States in December, and contracts have been plaged by the French and Swedish state rallways. The iron and steel industries also were ocoupled with substantial orders from the rallroads and. shipyards. The gulvanized sheet iron and tin trades are booked months ahead, ac- cording to this report. The British empire is assured of a continuous supply of zino in the re- leasing of deposits at Burma and in Australia with a production plant in England and the formation of a na- tional smelting company. The report also embhasizes the great American demand for linens and finer pottery. Activity is noted in the pharmaceutical and chemical trades, due to heavy Japanese orders to replace stocks destroyed in the carthquake BALTIMORE IMPORT GAIN- $35,000,000 Collector Reports Value of Exports Decreased About Same Amount During 1923. By the Associated Press. BALTIMORE, Md., Janu; 1 —The value of imports through the port of Baltimore for 1 showed an in- crease of almost $35.000,000 over 1922, while the value of exports decreased more than $33,000,000, according to a report for the year made public Collector of Customs Holtzman. With the rise in the value of im- ports receipts at the local customs se increased 207 per cent over a slight increase in ¥ There movement of foreign ports, and a larger number ¢ foreign ships entered and cleared Baltimore for Atlantic coast ports than during the preceding ye The total value of impor the report s 38, for 1922 figure llecied on goods gn countries amounted 70,961.08, an increase over 19 of more than $5.000,000. L. R. STEEL COMPANY CREDITORS TO MEET Local Stockholders to Take Up Reorganization Plan Coming Before Receivers. coming to Another meeting of local stock- holders of the L. R. Steel Company, Inc., and affiliated chain store and realty enterprises will be held Thurs- 1012 9th street, at 8§ o'clock, it was announced today by H. A. Miller, chairman of the local stockholders’ committee. January is the last day for stock- holders to subscribe to the L R. Steel stockholders’ protective which is the basis of the reorgani- zation plans to be submitted to the federal court rec s in Buffalo, Mr. Miller announces. ® e offer of John W. MacKinnon, New York broker, to purchas sets in the United States and Canada has done much to awaken the stoc holders to the necessity for co-oper: ation to protect their interests,” Mr. Miller claims. Many creditors’ have assured their support of the pro- tective trust movement, he btates. The plan provides for lifting the receivership proceedings and the re: toration of the companies to stock- holders. Stock in the reorganized company will be issued to subscribers to the protective trust on the basis of their present holdings. ———— NOTED BANKING CONCERN HAS NEW PRESIDENT BALTIMORE, January 1.—It was announced late yesterday that B. Howell Griswold, jr.. has become the head of the banking firm of Alexan- der Brown & Sons, and that Thomas Hildt, now president of the Merchants National Bank, has been admitted to membership in the firm. Alexander Brown, formerly senior partner, with- draws from active business and has transferred all his capital and in- terest in the firm to Mr. Griswold, his son-in-law. Mr. Hildt has tendered his resigna- tion as president of the Merchants National Bank. At the ttime of his call to that position in 1921, he was connected with the Bankers' Trust Company of New York. ERIE MERGER DENIED. YOUNGSTOWN, Ohio, January 1. A New Year message to Erie railroad employes from F. D. Underwood, president of the road, made public ‘here, contains the following para- graph: “Press reports and rumors that the Erie_rallroad is about to be consoli- dated with other systems and its offi- cers changed are without foundation. “You may be sure that its business will be condacted by its present board of directors and officers for the en- suing year.” ssels to and from | day evening in Pythian Temple Hall, | trust fund.| TUESDAY, JANUARY 1, i i I pound 1924, U. S.-MEXICO TRADE Heavy Shipments of Meat, Eggs, Cotton and Rubber Sent Southern Neighbors. $2,000,000 WORTH OF SHOES Rice, Flour, Raisins, Sugar and Autos Included. Dispateh to The Star. W YORK, January 1.—Trade of the United States with our mext door neighbor at the south, Mexico, aggre- gated about $250,000,000 in the calen- dar year 1923, and $2,500,000,000 in the decade ‘ending with 1923. While our trade relations with Mexico have always been good, says the Trade Record of the National City Bank of New York, they quite nat- urally improved after the beginning of the war in Europe, from which Mexico had formerly drawn a con- siderable percentage of her imports. In the year prior to the opening of the war, the calendar year 1913, Mex- ico took only 48 per cent of her im- ports from the United States although she was sending us 76 per cent of her exports, but with the difficulties and dangers attending transatlantic com- merce during the war she developed the habit of buying a larger share of | her imports from the United Statcs | and in 1920 she took 75 per cent her imports from this country against 48 per cent in the year pri ceding the war and sent us 88 per cen of her exports as against 76 per | cent in the pre-war year, { Trade Relations Grow. This growth in the trade tions between the United States and Mexico is further evidenced by our own trade figures which show that our exports to Mexico in the ten years since the beginning of the war have aggregated $1,129.000,000 against about $550,000,000 in the ten years preceding the war, while our imports from Mexico in the 1914-23 perlod totaled $1,280,000,000 against approx- imately * $550,000.0 preceding the op. the calendar y from Mexico were §1 exports thereto $110.000,000, the latest avaflable figures findicate that the imports from Mexico in the calendar vear 1923 will be about $140,000.000 and the exports theret about $120,000,600, bringing our to- | tal trade with Mexico in 1923 up to the qua )¢ a billion line against | about $ | In_fact, th supply of fmports o 0 is gre er than our share in the imports any other important country. es about 69 per cent ports from us wi as a cated, Mexico take her imports from the Articles Involved in Trade. What are the articles forming this | big trade between the United S and Mexico? The merchandise v buy from Mexico is chiefly manu- | cturing material and tropical food- ports which we send manufactures. In we took from 6,000,000 pounds of | 373,000 pounds of Doy cotton, £ million dollars worth of lumber, about $75,000,000 petroleum, nearly of copper and 38.- rela- | w about skins, 000,000 exico s and rubber, nearly 'a mahogan, wort On the export side we sent her over 1,000,000 pounds of bacon and hams, $5.50 worth of lard. $2,000,000 worth of eggs, nearly 3,000,000 pounds ! of canned salmon, about §2,000,000 worth of boots and_shoe: 00 | of rice, nearly $2.000,000 worth of flour, 1,000,000 pounds of raisins, £,000,000 pounds of refined sugar, ) pounds of raw cotton, about 000 yards of cotton cloth, 000, worth of lumber, 2.000.000 hounds of paper, over $2,000.000 worth of refined petroleum, 6,000,000 pounc of tin plate, 14,000,000 pounds of w 000,000 worth of automobiles $1,000,000 worth of tires. BETHLEHEM STEEL ENDS 12-HOUR SHIFT| i 1 | Special Dispatch to The Star. January 1.— president Bethle- authorizes the G. eal Company, Eugene hem following The twelv been practically plants it of our e nt employes over ten hours per * of these employes | S E0ON 4s operating warrant. in_hours and wage | o 1 he workin, and the how will be changed conditions will “The changes rates occasioned by the elimination | of the twelve-hour day were started in the middle of August, and the sat- | isfactory progress that has been made in this important development has been due to a great extent to the earnest efforts which our em- ployes have made, through the em- ploves' representation plan, to assist us in the solution of the many an- ticipated problems arising out of such a vitally important change of a long- standing practice. “While this change requires many employes to work more intensively on the shorter day, we have never had a better spirit among our em ployes, and I feel that the additional Tetsure time afforded them will prove socially and_industrially beneficial.” We Offer for Sale FIRST MORTGAGE LOANS Bearing 6%2% Secured on HOME PROP- ERTIES at less than one- half of value. This Is the Safest Possible Security Guaranteed Title Investment from $500 upwards Waggaman & Brawner, Inc. Franklin 7485 732 Seventeenth Street N.W. MONEY TO LOAN ON FIRST MORTGAGES Randal H. Higner & C $260,000,000 IN 1923 FINANCIAL. FIRST MORTGAGE NOTES For sale. Consult us if you have available funds for investment. || THOS. E. JARRELL Member Washington Real Estate Board Woodward Blds. Main 768 79, First Mortgage Notes | Secured by frst deed of trust on high- ss improved D. C. new homes, fof ale in denominations of $250 to $5,000. Secured by firat deed of trust on real estate. Prevailing interest and commission, Joseph I. Weller 420 Wash. L. & Trust Bidg. EQUITABLE Co-Operative Building Association Organized 1870 44th YEAR COMPLETED -$4,755,170.52 - .$1,248,320.08 MORTGAGE LOANS Denominations $100 to $6,250 lplerest Rates 61,% and 7% All loans secured on modern homes and busi- ness property in best northwest sections of the city. Ask for Information RIS CAFRITZ CO Mortgage Department 913 15th St. N.\W. Main 617 Ansets .. Surplus Save Systematically The most effective method of ing is to adopt 8 systematio plan an stlck to it. Join the Equitable. Subscription for the 86th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, FRANK P. REESID President , Sec’y SAFE OR UNSAFE INVESTMENTS OUR 6149 FIRST MORTGAGES Offer absolute safety of prin- . cipal, certainty of yield and an Ozer a 2 J Quarter adequate return. You take no of a a chance—they have proven Century Without record of safety and yield. a Loss Main 2100 After acquiring a knowledge of banking at the i'ranklin National Bank, Miss Marie Pitsnogle —who is certain that our city is destined to excel the “Grandeur that was Greece and the Glory that was Rome,” has resolved to begin the New Year right by taking charge of the office of C. P. Barrett Realtor Main 9016 1502 K St. Main 9017 SERVICE and SAFETY National Mortgage & Investment Corporation (! !l 811 Vermont Avenue N.W. { Deals in the Best Real Estate Securities First and Second Trust Notes and Ware- house Receipts are purchased at fair rates Its 7% First-Mortgage Notes, SECURED by Improved District of Columbia Real Estate, Are a GOOD INVESTMENT. Offered in denominations from $250.00 UP. We Extend to Everybody Our Hearty New Year’s Greetings AN EXPERIENCED FINANCIER and business man said to us recently: “Whenever [ am asked for advice upon the subject of investments, particularly by those inexperienced in such matters, I invariably recommend FIRST MORTGAGES upon IMPROVED REAL ESTATE, or U. S. Government bonds. - Of course, the preference is for first-class mortgages, because of their higher rate of ‘interest without sacrificing the security in any degree.” This unsought observation fully supports our re- peated claims that there can be NOTHING BETTER than the FIRST MORTGAGE NOTES we are offer- ing today—and the delight in ownership is enhanced by freedom from all care and responsibility of col- lection. We have some as low as $100—and they all pay 614% per annum. : We can even arrange for time payments, should a purchaser desire, RESOLVE TODAY—ACT TOMORROW— And Consult Our