Evening Star Newspaper, January 10, 1924, Page 27

FINANL;IAL- TEXTILE INDUSTRY » GREATLY MENAGED, leh -Spot-Cotton mm‘!on Bl‘ ‘Mills to WWMX ing ‘Time. . BLOW TO NEW i;iz’ourm Manufacturers Cannot Sell Goods at Present Prices. BY J. C. ROYLE. Epecial Dispatch to The Star. NEW YORK, January 10.—An- riouncement of drastic curtallment of operations in New England cotten mills has not served, at least as yet, | to alter the firm attitude of the hold- &rs of spot cotton in the south. Many of the latter profess to see in the shortened schedules of the New. England mills an attempt to force lower prices for the raw staple and | New -, England | declare that if the manufacturers feel they can afford to keep their plants fdle In"whole or in part the southern cotton holders areé equally able to hang on to their bales until they get the prices they. have sct. For their part. the miil owners in New England declare that they cannot sell goods the price of'which 18 based on the present quotations Tor. Taw cotton, and that they cannot con- tinue to make goods they vanaot gell: Sees Long Depression. One of manufacturers declared the curtail- ment would continue untll business improved and that he looked for no such improvement for six months at least. He anticipates that more manufacturers will reduce output. Considerzble anxiety is being ex- pressed in some sections of the south over the extreme optimism of the cotton planters and dealers. In Téxas, Where they had a wonderful vear in 7923, fa ers are in better condition financially than for several years. Most of them have not only out old debts but have comfortable balances at the banks. Some careful observers are afrald there is danger they will be influenced by the pres- ent optimism regarding cotton, $0 ob- tain more land than they can well cultivate or pay for and to sacrifice feed crops and iive stock productlon. Ml SHuation Serlows. The curtallments in effect today in w England are undoubtedly of reat Importance. Eight out of ten . & R. Knight Company, (lxb!ldlar) of the Consolldated Tex- ¢ Corporation, went on a three- v chedule The Arctlc, Nottingham, Pon- Queen and White are qther Rhode Island plants which have dona Hkewise. Their executives clalm many Rhode Island mills have been unabie to sell their full production for the last four or_five months. In M=ine the York Manufacturing Company, co, the Bates and An- droscoggin mills’ at Lewiston, and the Edwards Manufacturing Company at Augusta have most of their units on ‘a three-day-a-week basis.. The Nashua Manufacturing Company of Nashua. N. H., closed today for an in- definite period and the Cocheco piant of the Pacific mills is idle. In Massa- chusetts the Ipswich and Merrimac mills are running at half capacity and the Fall River print cloth mills at 55 per cent to 75 per cent, while the New Bedford yarn mills are about on a similar basis. Southern Mills Still Busy. hern mills are still working al- full time and their executives s no anxiety about abtlity. to ood-sized output at a profit in spite of high cotton prices. The New England manufacturers have not .in- most expre dicated they attribute their situation |- to southern competition, they admit lower labor longer working hours give the south- ern makers the advantage. * Textile experts employed by con- cerns with plants in both sections, however, are using every argument to induce the New Englanders to adopt methods which will reduce costs without lowering the scale of | They claim that by improved | methods of factory practice and new | and better machinery some processes | have been reduced 30 per cent In cost, and that every process | improvement if the operatives will | co-operate with the manazement, Power Proposals Vital. In the south all other topics were overshadowed today by the “super- Jower proposal regarding - Muscle Shoals by . the combinsd southern | hydroeleciric power companles. Souths | ern business men expressed the belief that this offer would bring about a speedy disposition of the property either to Ford or the assoctated inter- | ests and that this would mean the 4 entrance of the south on & period of industrial expansion hitherto un- dreamed of. The pos3iKility of-cheap' fertilizers for the farmer. as well as | cheap electric power, have long been | recognized in connection with this dc-l velopment. CAPITAL TRAGTION REPORTS EARNINGS although Drop of $36,638 Over 1922—Net |4 Income for Past Year Totals $1,018,352. The net income of tMe Capital Trac- tion Company fell off by $86,635.69 dur- ing 1923, as compared with 1 cording to an annual financial state- ment made public today. The report | shows the net earnings for the past year were $1,018,852.70. A profit-and-loss statement incorpo- rated in the report shows that the com- pany’s credit balance was during 1923 to the extent of $169,672:74. The company’s balance at the: be- gluning of 1923 was $1,354,667.24." this is added net income for une Year of 3L01835370, "giving tatal credits of $3,372,919.94. The following debits were listed: Dividends to stockholders, "$840,000; gacess cost of reconstruoting ' the Kensington railway i ,669.96, and miscellaneou: This made total debits of $848,679. Deducting 'the debits from the credits left a credit balance on De- comber 31 of $1,524,239.98. The company’s passenger \revemue for 1923 amounted to $4,797.909.55, & decrease of $168.431.75 from 1923. Bus revenue amounted to $21,411.14, and revenue from special cars $106. This gave total transportation reve- nue of $4,819,426.89. eyeniue from operations = other than ll‘l!\spo amounted to $23.19%.42, s total rallway revenue of $4.842,619.11 nn oxpenses aggrogated XH ETS net operating révenue or S1T14,452.95, Tanes ne elgnablo to rafiway operation toteled 409,031,385, Deducting, these taxes operating income was brouzht down to $1,305,400.98. Adding ndn-operat- ing income of $34,725.4 &ave gross income of $1,340,126.43. 5 » After substracting interest vaid and other miscellaneous expenses, the company had net income, as stated above, of $1,018,352.70. CUCUMBERS HIGHER. Bpecial Dispatch to The Btar. BROWNSVILLE, Tex., January 10.—Cucumber ralsers in Texas are to recelve from 50 to 100 per cent more for their product this year than in 1923, according to ennlrlnll now belng signed, No. 1s will 5 33 R. bulhel. compared with $2 lu e, $1.00, compared. with. 78 ce No “d new grade ‘confini 0. ou- cumbers of 4 to 5% Inches, are quoted #t 76 centa. he largest Rhode Island’' wiped | costs and | increased | R Recelved by Private Wire Direct to The Star Ofice BY WILLIAM F. HEFFERNAN, NEW YORK, January 10.—Stocks on’ the curb market moved uncer- tainly today, with only a few net 1 .|changes of consequence. The ad- vances of 15 to 25 cents in Pennayl- vanla and Eastern crude olls, along with the 25 to 50 cant adjustment in Wyoming grades, made by the Ohlo Ofl Company, were a natural sequel to the steady closing of the gap be- tween oil production and consump- tion, The advance of the past ten days had largely discounted these oil price ircreases and what improvement oc- curred in this class of stocks was | merely in Hne with firmness through- !out the list. Profit taking made it- self felt for 2 time during the first i half session, but when this selling i was out of the way the oll stocks in NEW YORK, January 10.—Following is an official list of bonds and stocks traded in_op the New York Curb Mar- ; [kt today : ™ Toiiing Mills' 6 1LAm. T & T 0x '24 read Co 65. 10 Anaconda Gs . 7 Awgle-Am Ol Tgn.. 108 2 Aswoc Kim Hdw 6% 91 10 Atian G&W 18 85s 47% 4 Beth Steel 7s '35... 108 2 Boston & Malne 5. 73 1 Oharcosl Co Am Su.. . 89 7% 10 Chi R T & Pac Sigs. 98 2Cit_Berv T8 C., 90% C Balto §s ‘A 101% 3 Detroit Cl 108% & 37 Detrolt 8 Pederal Sugar 0y "33 9515 8 Fisher Dody 65 100 7 Fisher Rody 0s 29 Pisher Body Ga 3 Grand Trupk 6%: 2 Gult 01 ot Pa 3% Hood Rubber Tn.... Inter Malch 0l v 83 Kenaecote Cop Laclede Gas 3is O 90% Lebigh P 3 Libby, 28 Lenigh 3 Manitoba Power 4 Morris & Co Tian 40 Nut Leather Bs . 8 New Orl Pub Ser fs 24 North St Pow 84s i Ohio Power s B 18 Phiia_Elec 5is '33. 1 Phil Pe 20 Pure 01l ‘8i43 5 Pob Serv of 3 Pub Serv El 1 8lossShet 8o & Soivey ot Cle f5 25 Chi & North 3s w i 3 Codahy 5 1 Deers & 7 bty 1 4 Ry o B0 wi R ter M O%s wi 1013 FOREIGN BONDS. 0% 9o 1t 10% 3 Muws Gov o 104 4 Swiss Govt ohs. 9815 15 Swiss Govt Su. 9% Sales, STANDARD OIL ISSUES. 3 1600 Humble 0 & 260 P L. « 35 mp oll ot Can. 20 Tod P L.... 4000 Intern Fei Co itd. 190 Magnolia Pet 100 Nat Transit X ¥ Tami Northern, P L. 1800 Do O news 1300 Prairie Ol & Gas 800 Penn Mex Fuel. 250 Praipie P- L. 320 South Penn Ofi. £400 S 0 Tud Cit Serv pfd 2 Cit Serv Bs cfa. capablé of | . Washington Stock Exchange Wumnncn Ges :-Aillw at 100%, $100 TF3500 at 100%. anlia] Teaction Begs00 a5 AFTER CALL. Washington Bwy. & Elec. pfd.—5 at T4%. ~Capital_Traction Co.—1 at $4%4. Riggs National Bank—8 at 294, Vashiogtan, Bwy, & Blec. com L—10 at 70%, L10°at 7 at [ ek, Becarity nd Trost o8 et 308. Washington_Gas at 88%. Money—Call loans. § and 6 per ceat. BONDS. Bid and Asked Prices. BUBLIC UTILITY. s I Bia. Asked. Americsn Tel, & Telga. 4s.. sat, ‘Americaa Tel. & Tel 4 1Am ;-lgnen £ contla: & scost Telephone_Ba. E3 Ao G, P! Telephone of Va, Capital Traction R. B. Bs. City & Suburban bs, Georgetown Gas lst Bal. Metropaitan R, R. oa. otomac E'ec. 1st Bs. Potomac Elec. cons. L3 §:s=s=§a=xszss’§ e botomac Efec. £33 Iw-.m 1 Washin on Gas 6s,, [ Wash. gt wy. & Elec. MISCELLANEOUS. D..C, Faner Wi o, Riggs Reulty G» (lony Fes Boalty Sn {shor) t. Cold Storage Park Hotel STOCKS. PEBLIC UTILITY. American” Tel. & Telj Sapital - Traction | guess 3¥saw EF i capital Cofumbta Commercial istrict e Feaerai- smerican This made |* 0id Dutch Mar) Lanston Monotype. ity - . Washington Market.. Yettow - Cab. ‘ | | 57 5 I: Jrivatelys most inStances retraced their J;Ifh losses. South Penn was an excéption to the general tendency, risin ints to 169. Vacuum was also Inl lemand, genlnc up almost 2 points. Cities Service common and Gulf Oll of Pennaylvania were the most prominent among the independ ents. Specialties which had figured in the advance Wednesday came off under profit-taking sales. Included w.r‘ Kresge, American Light and and Gold Dust Corporation. The however, later retraced the tting back to its top of 37. The strength in Goodyear Tire pre- ferred on the big board was reflected in the demand for the common at slightly better prices. Reo was the | favorite of the motors, crossing 18. i i P Reading Coal, Corn Products new, Ama.gama.ed Lead, Zinc Smeiters an United States Distributing of $50 vaius were removed from tradin while White Rock Mineral Springs voting certificates were admitted. a4 Cons _ Royalties. Creole Syndica Englneers’ Pet.. Federal Ol Glen Rock Guit Oil of Pa. Gulf 8t 0 & Rw i, Hudson Ol K Keystone Ranger. Lago Pete.. Latio-Awes Ol Livingstoa Pef Marland Mex 0il Mex Punut Mount Prod Mount Guif . Mutaal Oil vor cfe. ew Rrad Ol w i. New Mex Land Omar 01l & Gai Peunock OIl . Pan Am Pet ri Roval Cauad 0 & R Ralt Creek Prod Seaboara Ol . K Tidal Osage Ol Wi = 8% Tidal Osage O1l ... 9 Wilcox Of & Gus.. 6% INDUSTRIALS. Acme Coal new Amal Leather pi Am Gas & Elee . Am Hawa ‘an § Am L & Tract ... Atlaatie Fruit wi - F 3!«.5;.3.:‘ £ 2, E3 SHeed & 45:54(4555»“0 T 8% 2ox2Bantlaat B2k, 28,88, 8858,. 5 EF FERE P B -—d’v—...- Huss. - M & ¥ Charcoal Co Am . Childs C¢ Cube Co Dubilier C & Radio Dughill loter Inc.. Durant Mot . Giltette 8 .- Glen A'den Coal. Gold Dust_Corp Goodyear Tire Gt West Sug ne Heyden Chem ... Hrdrox Comp . Tnter Contl Rubber. 1ater Con Ind_Corp Kresge Dept Stores Leader Produc . IA'Mlh Power Se: Miivale (o .. Motor Prod Co mew! 1 Mo Pr Co pf_nw wl 0 Datry Prod wi Park & Mord. 4 Pyrene Mfg . 20 Radio Corp 55 Radio Corp prd. 2 Readiog Cosl w 70 Rep Ry Lt ptd . 4 Reo Mot .. + ._,...,,.-.a..u!';‘.a~..w.....-_.~u & EFEFETE LR L T ) o8 LI jted G & I new it G & E new pf 10 Y MINING. Arizona Globe Cop. .. Canario Copper . 5 Chief Cons Minin 10 Cons Cop M'ue ne 3 4 1 5 3 iU 3 5 2 8 i 140 ] i 2 110 Diam Bl 10 Ely Cont 130 Fortuna Mines. ... 20 Goldfleld Deep Min % 10 Goldfield Florence.. . 290 Gold Zope....... 160 Hardshell Bin. 26 Hawthoroe Min Hollfuger Hecla Mine Flomestake Ext ... . Tndependence ~ Lead. Indian Mines . 01 Jambo Bxtevs . Kerr Lake Lone Star . Mrson Val . Mohican Cop 32 R0 men® 42333 o a3 o4 Nip'seing On'o Cop . Plymouth 1 Premler Gold . 10 Tiay” Hercoles Tac 10 Silverdaie 10 Silver Horn Min. 50 £y King: Div Ming 50 Stewart Mines 3 Teck Hughes 10 Tonapah - Divi 15 Tonopah Exten . 36 United Eastern 10 U S Contl new wi.. . 18 Walker Mine S Weaden, Coppel 40 West Ena 20 West Utah 50 Wiibert TTACKS MERGER PLAN. Inclusion of the Mobile and Ohlo rallroad with the Southern railway system s tentatively proposed by general federal railroad consolidation plans was strongly protested today before the Interstate Commerce Comi-" mission by Mayor R. V. Taylor of Mobile. He declared he spoke for the entire state of Alabama in bringing the protest before fnal argument on e consolidation plan, because such a disposition of the Mobile and Ohio would tend to divert all possible ex- port and import trafic to_the port of New Orleans and away from Mobile. B—a-SSnSuQES..» COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY PHILADELPHIA, January 10— Prices of bullding materials are well sustained here. Brick plants are booked ahead to April. The volume! of orders for glass is larger than st this time last year. Paints also are in better demand than a year ago and stocks are of only moderate propor-| tions. KANSAS . CITY, January .10.—Pile drivers are foroles more than ten miles of reinforced concrete piling into the ground here to form a foun- dation for the new $500,000 addition to the Ford assembly -plant. The piles are being manufactured ‘on the ground, and the foundation will cost about $80,000. ST. LOUIS, January 10.—The whole- sale value of textities distributed by members of the Associated Textile ! Topresentatives of St Louls in 1923 | Gver a territory which extends from | Canada to Mexico and as far west as | the Pacific, approximates $300,000,000. ! SAN DIEGO, Calif, January 10-— mentg of lettuce from the Im-! nerrsl S. now total more than 800 { cars a day. Much of this is going to eastern markets. ————— PARIS MARKET FIRM. PARIS, January 10.—Prices were firm on the bourse today. Three per cent rentes, 63 franos 15 centime exchange on Loudon, 38 francs 13 centimes. Five per T:onld :;nn. ntimes. o dollar was $ied wt 30 francs 4% qentimes. e e Are You a Suckert Too many people put their money in day dreams and wake up broke. Never put your name on the dotted line un- il you have inquired of some one In our Bank what he knows about some 1 ock issue that is offered to you | ‘lf Headachy, Bilious,-Sick,- I DEMANDS HOLD UP| Business Good, Says Commissioner Hall, Except in Ship Build- ing Industry. RICHMOND BUILDING BOOM New Orleans Reports Marked Gains in Retail Trade. Bpecial Dispateh to The Star.. RICHMOND, Va., January 10.—Dur- ing the early months of 1924 there will be little or no unemployment in Virginla, save in the Tidewater sec- tlons, stated John Hopkins Hall, state commissioner of labor, today. The butlding boom in Richmond, the large contracts of the American Locomo- | tive works and steady activily at local fron factories have contributed much to the splendid labor conditions here, he sald. The dullness in the ship bullding in- dusitry, he added, had played “havol with Newport News, Norfolk and Portsmouth labor. Fruits Damaged by Freese. NEW ORLEANS, January 10 (Spe- clal).—The severe cold wave this week has proved a wonderful stim- ulus to retall business In this sec- tion. Especlally have blankets, heavy underwear, overcoats, men's and women's clothing and shoes expe- rienced !mprovement. Department stores report thelr sales are running 10 to 15 per cent ahead of the cor- responding week of last year. Coun- try merchants are belleved to have doné even bettes Careful reperts indicate the eltrus fruits of this state, Missiesippi, Ala- bama and Texas were struck a hard blow Ly the freeze. Ice appeared in the bays along the gulf for the first time In the memory of inhabitants and satusuma oranges and other frult in_sections north of here are reported have been badly dam- aged to Ready for Salmou Seawou. PORTLAND, Ore., January 10 (Spe- cial)—Columbia river salmon pack- ers are making cxtensive prepara- tions already for the opening of the coming season and Portland packers with interests in Alaska expect to operate their northern plants to full capacity during 1924. River Barge Line Planned. LOUIS, January 10 (Special).— ns are now under way by the Western Barge Line for a revival of the shipping business on the Missourt river this year between St. Louis and Sioux City, Ia. ALL OIL PRODUCTION RECORDS SMASHED Gasoline Increased 31,000,000 Bar- rels Over 1922 and Crude Gained 93,000,000. By the Assaciated Press NEW YORK, January 9.—All pre- vious records were broken last year in domestic production and consump- tion of crude oll and refined gaso- line, Thomas A. O'Donnell, president of the American Petroleum Institute, announces. Gross crude ofl production totaled 745,000,000 barrels, an increase of 187,000,000 over 1822, and crude ofl imports amounted to £0,000,000 bar- rels, a decrease of 30,000,000 total do- | mestle production, and Imports ag- gregated 825,000,000 barrels, Consumption, including exports, amounted” to 730,000,000 barrels, an increase of 154,000,000, L4 Domestic production of Y"flf‘flll B oline approximated 179,000,000 bar- rels, an increase of 31,000,000 over 1923, and gasoline consumption, in- cluding exports, amounted to 175 000, D(lf) barrels, an increase of 35,- | | i Mr. O0'Don- | r)n J.nunr’y 1, 192 nell stated, “approximatély 327,000,000 barrels of crude ofl were on hand-tn pipe lines and tank farm storage and 188,000,000 barrels of crude and re- fined products at refineries, a com. ! bined total of 465,000,000 barrels, or| an intrease during 1923 of 93,000,000 barrels. | ‘Despite the enormous increase in | consumption, ‘the lack of equilibrium between the supply and the demand | forced the price of crude oll and gasoline below the cost of produc- tion of the average producer; and| the market value of the total stocks of crude on hand declined consider- ably below cost” The production situation in 1923 was unprecedented, Mn O'Donnell satd. More large pools were brought in cofemporaneously than in any | offered at the opening of business to- | Exchange that its net profit for the other previous period of equal length, In the past twenty-three years, he 2ald, twenty-three ofl pools, produc- ing at their peak approximately 100, 000 barrels per day or more, have been developed. Eight of these pools reached their peaks tw 1923. RESORTS. ~TLANTIC CITY, N. 3. Zfi”‘“" : ATLANTIC CITY,N.J. Thin Ame-iean Plas Hotel is Eod eomfavtable *han durin~ ¢ e atha o accennt of 1a.cams ‘tional Incation and arrangwmant. Relel Carams Warsee. 3. Bossy e o o o - s BEST LVER AND BOWEL LAXATIVE Constipated No griping or inconvenience fol- lows a gentle liver and bowel cleans- ‘ng with “Casearets.’! Sick Head- whe, Biliousness, Gases, Indigestion ‘nd all such distross gone by morn ng. Most harmless laxative fo fen;~ Women_ and - -Children—I10. - oxes, also 25 and B0c sizes; any drug store. Tips for Taxpayers No, 10. Pon-lon- pald by or Indlvidual to, ra!lnfl employes for services rendersd are taxable. Pensions pald by ‘the government to civil employes also are taxable. The revenus act exempts ‘‘amounts recelved as compenpsation, family allotments “and allowances under the provisions of the war risk in- surance and vocational rehabilita- tlon acts, or as pensions from the United States for service of the beneficlary” or another in the wlii- tary or naval forces of the United States_in time of war.” Allowances, whether paid by the government, a corporation or an individual, to ohd who performed no Hervices—for example, to a widow .in recognition of services rendered by her husbind—are not taxable, but are regarded as gratu- itles or gifts. A bonus pald by a state to'its recidents who served in the mili- tary or naval forces during the war with Germany Is not taxable income to the reciplent. Allowances paid tc- a retired clergyman by the goverring body of a church or religious denomina- tion in recognition of services aré taxable income. ‘Annuities paid retired employes of tho federal govérnment, under the act of May 22, 1920, are subject to'the tax to the extent that the aggregate exceeds the amounts withheld from the compensation of the employe. An employe Who leaves the civil service before be- coming eligible to retirement and receives tho amount of salary withheld, together with Interesi, should report only the amount of interest as income for the year in which recelved. Benefits recelved from a labor union by a member while on strike are to be returned as income. STOCK SALES HALTED ! BY LEGAL ACTION Bullet-Proof Glass and Stock-Divi- dend Claims Are De- clared False. By the Associated Pross. NEW YORK. Janiary 10.—Charg- Ing the Armour Plate and Non- shatterable Glass Corporation with traudulent practices, Attorney Gen- | eral Carl Sherman has obtained an injunction restraining the company and its -president, Samuel Krantz, from selling capifal stock, John J. Dwyer, deputy, announced today. The actlon was caused by an in- vestigation Into the stock-selling ac- tivities of the corporation, which was | capitalized. under the laws of the| state of Delaware st $2.500.000. The | corporation’s assertion-fhat it manu- | factured a bullet=proof glass was false, the attorney genseral charged Shareholders were enticed to buy more stock by an_organization a nouncement of & 50 per cent stock dividend, a'though the corporation | had never manufactured its product, | it was alleged, and it was further charged that 'the corporation wus hopeleasly insolvent, with a stock lia- bility of $300,000, with insufficient as- sets to meet its indebtedness WALL STREET NOTES. Ttility Etock Deal in Progress. New Bonds Quickly Sold. NEW YORK, January 10.—Details | of the transacilon hereby the Con- | tal Gas and Electric Corporatio Dreame the owner of a_ $10,000.000 | block of stock in the Kansas Clty Power Securities Company, Which; controls the Kansas City Power and Light Company, are expected to be { announced by bankers within a few | days. of the | Statement American and | Forelgn Power Company and subsid- laries submitted to the New York Stock Exchange shows net income for the twelve months ending September 301923, of $2,183.116. The $14,000,000 issue of St. Paul ten vear 6-per cent first mortgage bonds | day was s61d” withm -a~ few minutes and the books closed. The syndicate which offered issue of $20.00 the | 0,000 | Southern Rallway 00| bonds recently h. ‘been dissolved. one-point. rise followed immediately. indicating that some wf the bonds had | | been gold short in the bellef that the syndicate had not placed all of the bonds. General Electric Company has re- celved an order from the Interhor- ough Rapld Transit Company for 200 motors and 100 control equipments for 100 new cars to be used by the rall- “3¥he Hupp Motor -Car Corporaton | has reported to the New York Stock | eleven months ending November 30, 1923, amounted to $2.023,519. ftoRnounce Di -1dfl10 u7.shrdlunup Merchants Bank&nrust OMPA Success Depends On what you have saved—not what you have earned. An op- portunity is sure to come when—if you have saved a little money—you can make big money. Open an' account in our savings depart- ment, and add to it regularly -each -pay: day. We pay lntfli’“l at the rate of 3 per cent per Ennunr on savings accounts— compounded semi snnually on Ju 20 and’ December ‘Three Convenient Locations Main Office Fifteenth and H Sts. N.W. __Dupont. Branch—Dupont Circle . Brookland Branch—12th and News ton Strecta Northeast THE EVENING STAR, WASHINGTON, D. C, THU’RSDAY! JANUARY 10, 1924 {VIRGINIA’S LABOR {OVERHEAD IRRIGATION ON SUGAR PLANTATION HILO, Hawall. January 10.—An overhead irrigation system -to cover more than 2,000 acres is being in- stalled on the sugar plantation of the Hawl Mill and Plantation Company, Ltd., Island of Hawail. Under the ditch system it required 1,300,000 gallons. of - water a day to take care of a 100-acre cane fleld. Under the overhead system - only 750,000 gallons a day Is needed. Many of the flelds have had to be You Always Pay Less At— HOUSANDS of housewives in Washington are getting high-qual- ity merchandise at very low prices by trading at Quality Service are having you, too, may have. prove this true by marketing this week at the Quality Service Store CRBY’S MOTHER’S BREAD 00 Stores. nearest your home. SNOWDR | Gardner’s Cake . [ o . — p— (| = — o o D ) i Ritter’s Catsup Franco-American Coffee Blended By An Artist CERESOTA o S 5 i) A S [°E 2 g Fiag Brand Succotash The: success they FINANCIAL. neglected because of lack of water. It is expected this cord#tion will be overcome by overkead irrigation. DIVIDEND INCREASED.. Postum Cereal Raises Rate From $3 to $4 Per Year. NEW YORK. January 10.—Direc- tors of the Postum Cereal Company today declared a quarterly dividend of $1 on the.common satock, thereby increaging the annual rate from 33 QUALITY SERVICE, STORES C It's mous it's Good W. Bottled at their S FLOUR | 1 | Washington Flo ' Blue Ribbon Butter .3 to $4. The regular quarterly. dividend’ of 32 was declared on the preferred stock. The eommon Aa¥ been DRying quarterly dividends of 75 cents ‘stnce August 1 last. C. M. Chester, jr., has been eclected president, succeeding F. 8. Small, who becomes’ chairman of the ecxecutive> committee. J.'S. Prescott was elect ed treasurer. —_— FORT WORTH, Tex., January 10.— While the greater part of the Texas cotton crop has been sold, some grow - ers are still holding their crops for' 40 cents a pound. You are Sure of Quality & Service At— O ) e = _mmfl s ) TS B R O B IS You can Pure ezl & > P ssetcer Baking ONE STTER AS-COTT GINGCER ALE pring in the Bine Ridge Mountains of Virginia Special No. 2 Can; ‘iflc SMALL GREENLIMA BEAN S Can 29c GORTON'S 5 CODFISH Can 14c MUELLER 'S MACARONI 2 Pkgs. 25¢ 5 FANCY EVAP. PEACHES Lb. 17c FANCY EVAP. APRICOTS Lb. 25¢ =z FOUNTAIN BRAND HAM MICHIGAN NAVY BEANS 3 Lbs. 25¢ £ DAl Phiflips RYLEA MILK THE ORIGINAL All Pork Tall Can ]1ck SAUSAGE = 35¢ Whole ~Hams 28¢ & = ; “A Fall me' ‘of ABSOLUTELY FRESH FRUITS, VEGETABLES, GROCERIES and- MEATS at ALL:Q. S. STORES Jua 11 £S5 P 1ty Servlice