Evening Star Newspaper, January 22, 1924, Page 23

FINANCIAL., THE EVENING STAR, WASHINGTON, % " SOFT COAL STRIKE | SEEMS UNCERTAIN Received by Private Wire BY WILLIAM F. HEFFERNAN, ~ NEW YORK, January 22.—Interest in the oll group on the curb market NEW YORK CURB MARKET Direct to The Star Office The statement was attributed to the president of the Ward Baking Corpora- tion that gross profits.of the old com- D. ¢, TUESDAY, | GROWERS GET VERY Tips for Taxpayers No. 20 Misunderstandings of the provi- slons of the revenue act relating to personal cxpenditures is indi- JANUARY 22, 1924, 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 in 11 gate! FOR SALE Miners Consider New Wage Demands—Business Now [ Declared Very Poor. BY J. €. ROYL Sy cial Dispateh to The Star. NEW YORK, January 22.—The real | Lattle to determine whether or not' there will be a strike of coal miners | in the bituminous fields April 1 prob- y will be fought out around a hotel able in Jacksonville, Fla. February 11, although the United Mine Workers of America, in convention at Indianap- will determine the plans under which their representatives will con- duct their campaign. Men high in the councils of the mine | workers' “organization declared today by telephone that the miners were ore firmly determined and more nanimously agreed than eve o get they think they have, even if it requires the mos action to obtain it. _Indicat oint strongly toward a vote by the o demand wage increases etween 10 and 20 per cent. 1t is able, however, that a fairly wide r to bargain will be vested in the | e committee, H Coal Business Poor. { The present situation in the bLitu- | ous industry would seem to sup- ort this course. 1 side admits t there has been overproduction of b Vituminous coal. Production has| been heavy and demand, owing in part to the mild winter ather up to a few da has been light. Many mine: = closed entirely ahd are working only two to four 1 week. al experts assert that there are | of mines now in mu‘rzlmnl are not needed to fill the de- They also declarc that there | are scores of thousands more miners | n the industry than the situation | arrants. Wa 'S are now at a com- paratively high level as a result of the last agreemeant, but earnings are at a high level because employ- nt of the miners is not continuous. Some authorities therefore believe tha the miners would be prepared to vield a point on the increase de- manded if the operators would or 1d insure them more regular work. his, it is pointed out, would mean S by the operators to keep some | igh cost properties permancntly idie | and specd up produc in those | “which are kept workin Concessions Expected. is small doubt that both | prepared | Eac! canipaign demands & points whi There Towe: vutting ' forward Me hope of ga “hey sential. The o ators are undoubtedly keenly anxious ‘0 sce the abolition of tk ck-off ystem, whicl they yielded at the last settlement. delogates. gathcred at Tndia- however. presented u firm v in regard to submission arbitration of points at tpokesmen deelared vould not be presented arty for adjudication, icale committee would it the table with the operators and #ght it out with them, and them on' Would Fix Labor's Selling Price. Van A. Bittner of Pittsburgh, an in- tarnat a of thel vinion, said: t the idea of leiting some source pro- vide our standard of wages methods of living. 2 store 1o buy not have to the street to_de 1t would be ©. fair price. In other words, arbitra- tion does not exist when persons | ve something to sell. We have or to sell and intend to fix its T FARMERS BURN STRAW WORTH MANY MILLIONS | Fertilizer Valued at $500,000 Lost | in Smoke Every Year in Oregon Alone. Bpe~tai Dispatch to The Star. SALEM, Ore., ~vith reports of financ fronting American wheat fa e statement that farmes re destroying produce wort dollars a year. w southern Oregon Price, soil special Agricultural et \wealth through burnir £NOrraous. Farmers th “troyving a half million dellars nt food value a vear, he sai ilar estimate pplying to other eat states run the total destruc- #icp tnto the millic Approximately 0 tons of grain aw are produced cach year in estorn and southern Oregon, Mr. rice said. Of that amount fully one- third ix burned The Paeific Homestead explalns the as follows: A ciiemical analysis of a tca of | straw shows that it contains ten | vounds of nitrogen, two pounds of | phosphorous, elght pounds of potas- .fium and two pounds of sulphur. "This quantity of plant food purchased in the form of commercial fertilizer | would cost $3.84. In addition thers s a very large humus value to the | otraw when returned to the soll. { HARDWARE PICKS UP. “Wholesale Buying Improving All| Over Country. January 2. 1 difficulties ct comes | actually | mil stern Lpecial Dispatch to The Star. i NEW YORK, January 22.-—Hard-| .wara Ags, In its weekly summary of the hardware markets, says: tronger buying tendencies are bocoming more evident in the hard- ware markets throughout the coun- try. Jobbers and retailers are placing ' rubstantially larger orders with menufacturers than they did a vear ago at this time. Inventory is prac- tically over, wholesale and retail stocks are low and the buying move- ment is under way. , Manufacturers seo little likeli- | i00d of lower price trends during the first half of this vear. A 'number of prige readjustments are being made. The majority of these are in the na- ture of advances. “Although the open winter in many pections of the country has hampered the sale of seasonable winter goods, thie has been offset to some extent by the continuation of construction &nd repair work.” RECEIVERS IN CHARGE, Atlas Steel Company Unable to| Meet Obligations. BUFFALQ, N. Y. January Tudge Hazel, in federal court today appointed receivers of the Atlas Steel Corporation of Dunkirk in an equity conservation action brought by the Youngstown Printing Company on behalf of itself and all other creditors of the company. The papers {n_tho proceeding show that the. Atlas Steel Corporation has total assets of more ! than $8,600,000 and Habilities of about | $5.500,000. The bill of complaint states that the corporation is solvent, but unable 10 pay its debts as they mature in the ordinary course of business. BIG TOBACCO SALES. Richmond, January 22 (Special Tobacco sales continue active all over ‘the state, the Tobacco Growers' Co- Operative Association and the open- parket men are running a neck-and- veclk race. Richmond warehouses tave found the demand 3 today centered in Standard of Nebras- Mutual and Continental. gome form of capital split-up is un- der consideration by directors of Standard of Nebraska, there appears ka, to be no doubt. Accompanying the buyving in Ne- braska, o good-sized demand appear- ed_for Continental and Mutual. The action of these three stocks strengthened reports that Standard of Nebraska might be fncluded in merger of Continental with Petroleum rights sold off with the pan-Americans on the big board, reflecting unfavorablc | pending Mutual. Pan-American political conditions in Mexico. —— NEW YORK. January 22.—Following | and_stocks traded in on the New York Curb War- is an offictal list of bonds ket tod: Sales fn BONDE, thousands. 1 1 Allict Packers 6s 1 Allled Packers s 1 Alum 7s ‘25 . § 1 Am Thread 7 Anaconda 6s 6 Betl Steel 7s '35 1 Can Nat Ry Eq 7 3 Charcoal Co Am Ss Chi & Northw s 00 Chic'M & St P 63 . 3 Fisher Bodq 85 ' 14 Fither doBs*yET 14 Fisher Body 6s " Gair Ro 5 1 Geueral Pet 6s 4 Grand Trunk & Gult Ol of 1 Hood Rubb PIN ibo 011 s " & Morris & Co 14 Nat_ Leat 6 N Orlos 23 Nor St Pow 6' 4 Phila E! 24 Pure Oil ) Sery N ub Serv El Pow 8! Yacuym Ol 7 Virgioia Ry Co FOREIGN BONDS. cot 68 wi.. 100 STANDARD uuits 800 Anglo-Amer Oi ... 1 At] Labos ptd 130 Buckese P Li . 3800 Continent Oil b 10 Cumberland P L ... 114 10 Eureka P L ....... 103 1000 Humble 0 & R uew 335 Tilinots P L .. 1 500 1mp Ol of Ci 1oz, arib Sy0d it Serv t it Sere ptd B 000 it Serv serip. 5 Creale Synd ... 3 Derby O & R wi ) Engineers Pet 1f Oil of Pa . Gulf St 0 & R ) Hudeon 0il 10 Keystone < % H INDEPENDENT OIL STOCKS, | ia bundreas. pany over five years, as applied to the dends and leave something for the “A" and “B" stocks. This accounted for the activity in the “A” and “B” shares at ncw high prices. Another incident of note was the active trading accompanying the list- ing of 500,000 no par shares of War- ner Brothers Pictures, Inc. Buying of shares of Radio Companles showed no signs of abatement and Dubllier was taken at its top price. Candy Prod- ucts, one of the low-priced industrial specialties, made a new high on the move on reports of increased earn- ings, due to the addition of two new products to the company's line. Gold Dust Corporation was another strong specialty. That the 20 Kirby Pet S Lago Pet ... 10 Latin Amer Oil 1 Leader Prod . i 0 ) Mount Prod e nt Gult ; Sutual Ofl vot ofs ew Mex Land . Omar Ol & & Pennock_off aboard Oil. 2 Osage OI1... | Onage Oil Wi Borden & Co Rlyn Shoe Rridgept yo City It I 5 Candy Prod Corp wi Cur Light ......... Car Light s Ceutrif Tron Pipe Ch Nip B tr nw wi Childs Co mew w i Contin_Tob . : Cuba Co ... DL& WL Dubliier ¢ 5 Gold Dust Co w codyenr Tire ... Hesden Chem ... Hudson & Meo I8 1t Hud & M R R pt Hudsou Co pfd ... Int Cone ud Kelsey Motor Co . Rresge Dept Stores Val Coal.. nw wi rta wi Park & Tilford. Pyreoe Mg Radio Corp .. Radio Corp pid Warner Bros Pi Wayse Coul W 0 1st 5 Yel Taxt Corp, Boston Mont Cor Rutte N Y =4 Butte ‘& Western. ndelaria Min hief Cous Miniogd Cons Cop Min vew. Cortes i1 Cresson Davis Daly Diamondgd i ‘Butt . Goldfield Deep Mio. Zooe S Independence Lo Indian Mioe Jerome 'V Deve Kelly Ext Mines. Kerr Lake Toze Star B Rose Mins . areh Mines . can Con 1 ‘Tin pminion” Cop ew Jersey Zine. Nerada Hills i 'hio Copper ..... Ray Herenles Toc. . Washington Stock Exchange. ! BALES. Washington Gas 55—$300 at 935 Potom £.000 at 101%, Traction Com, 1 8t 861, n Monotipe—3 at s "33—$100 at 1007, 5—Call dvans, 5 and 6 per cent. BONDS. Bid and Asked Prices. FUBLIC UTILITY. American Tel. & Telga. ds. Awerican Tel. & Teiga. 4 Am. Tel. & Tal. ctl. tr. & eorgetown Gas 1st Metropolitan R. R. Potomsc El El ‘ec. Po Alex. & . Balt. Washington { Washiogton Gas_6e Wash. Rwy. & El MISCELLANEQCS. D. €. Paper Mfg. 6 Riggs Realty 3s (lon Riggs Realty s (shor Wash. Mkt. Cold Storage bs. Wardmau Park Hotel 6. STOCKS. PUBLIC UTILITY. Americap Tel. & Telga. Washington_Ga Norfolk & Wash. Eteam! Wash, Rwy. & Elec. Wash' Rwy. & Bl Termioal Taxi com. NATIONAL BAX Capital Columbi; Commereial District Federal-American Tiberty Lineoln Natiooal " Metropolitan. Secot National . TRUST COMPANY. American_ Becurity & Trust.. Merchants’ Xational Savings Tnton Wash. Loan sod Trust SAVINGS BANK. Commetce & Baviog East Washington. Beeurity Bavings & Com.. Seventh Stroet United States. Washiogton Mo FIRD INSURANCE. American .o Céreoran, Firemen’ National Uplou. TITLD INSURANCE. Columbia_Title.. Real Estate Title. utch Market pfd. et = Washington Market Yellow Cab... o 58, 85 of 1653 $2.000 ut 101%, | $2,000 et 1018, $,000 st | ny—30 at 96%, 50 £39528 28558 210 120 18 (21 Amer Gold & coess Mizes . Teck Hughes Tonopah Extess S Tonopan Min United Essters 8 Contin new wi enden Capper | est End Ext H Wett Lor Nilver. i White Caps INTERNAL REVENUE HELD SERVICE TO COMMUNITY New England Collector Says De- sire Is to Co-Operate With All Citizens. By the Associated Press. MILWAUKEE, Wis, January 22.— The community should be made to feel that the internal revenue service !1s a community service and that its 80" | officals earnestly desire the advice and suggestlons of all citizens, Mal- colm E. Nicols of Boston, president of the New England Association of Col- | lectors of Internal Revenue, sald in an address at a_ convention of col- lectors of the middle,west here, In addition to being a receiver of public money, the collector, the epeaker said, became, through his ef- forts to protect the rights of the citl- zens, fhe head of a great consulting aw office. Mr. Nicols advocated “home rule” in the various collection districts of the country, and added: ?| "No two collection districts are alike. No two ought to be administered in I identically the same way. The admin- 0 s istration ‘of each should be adapetd and is today adapted to the peculiar needs of that district. An illustration of this is to be found in the recently inaugurated policy of the bureau of having more tax returns audited in the various collectors’ offices.” | .NEW PET FOR WILSON. White Bull Terrier Accepted by Former President. MOBILE, Ala., January 22.—The new pet of the Woodrow Wilson household in Washington will be a white bull terrier from a local ter- riér kennels. “Bruce,” ~ officially as ‘Whitestock Service Man,” has been epted by the former President as a personal gift from Mr. and Mrs, H. C.” Hollister, local fanciers. Bruce is 18ix months old and ‘boasts of an aris- . Imcrnliu family tree. 50 220 70y 15 et | MISSOURI BANK ROBBED. Officials Locked in Own Vaults by January 22.—The , one of the largest in south central Missourl, was robbed \Yesterdayq by two unmasked men |disguised with false ~mustaches. |They obtained approximately $2,000 [in currency and escaped through a 4~ |rear door, overlooking $5.000 In thelr haste. | Two bank officials wero. locked in 73y, |the vault and did not free themselves %% until fifteen minutes after the rob- “34’" bers had fled. Posses were organized *.. at once to scour the hills for the bandits, . 4 new stock, would cover preferred divi-; -at 22 fra cated in the returns of many tax- payers. Clalms are made for deductions of house rent, car fare to and from the taxpayer's place of business, amounts epent in im- provement of the taxpayer's dwelling and similar items. All these are personal or living ex- penses, deduction of which from gross Income Is expressly disal- lowed by the statute. A physician who maintains an offico in a rented home may de- duct the proportion of such rent properly charged to the portion used for professional purposes. If, however, he maintains an of fice elsewhere and incidentally receives patients at his home, he is not entitled to deduct any part is rent for his residence as o expense, physician owns the home or bullding in which his office is located. no deduction for rent is allowed unless the amount of rent claimed Is reported by him as in- come. The reason is that money paid as rent becomes income Lo some one, and, in this instance, the physician’ {s that person. However, a professional man who malintains an office in a home or bullding owned by him may de- duct as a business expense & pro- portional part of the amount properly chargeable to the use of h offices for heat. light. insu ar repairs, deprocfation, ctc., which he may not deduct on that part of the house used as a resi- dence. Other deductions not infreque Iy claimed by taxpayers but dis- lowed DLy the revenue act as mily or lving expenses” are mounts spent for food. clothing and education of children, hire of domestic servants and similar items for the upkeep of a home. | WARYLAND FARMERS IN GOOD CONDITION Yastern Shore Residents Look for Larger Acreage During Coming Season. pecial Dispateh to The Sta. BALTIMORE, January 2z—K. Ful- on Powell of Berlin, Md., prominent banking and agricultural circles 1 the castern shore, was a visitor to he financial district vesterday. Asked elative to business conditions in that wart of the state, Mr. Powell said: “The eastern shore is realizing good Farmers had a fairly good 1923 and look forward to an- ood year in 1924, age planted will probably hat larger than 1t wa ear. Agriculturists are re heir loans and buying farming dements in increused qu “The nursery industry ton i prosperous. One of the larg- :st nurseries in the world Is lucated tear my home. It comprises 5,000 and it supplies stock to all parts of the United States. | SEEK LONGER TRADING HOURS'IN CHICAGO Effort Renewed to Keep Board of Trade Session Open to 2 0'Clock. imes im- Special Dispatch to The Star. CHICAGO, January —The most ersistent effort made to lengthen the me of trading on the Chicago Board f Trade was started here today. A esolution was proposed which would ot the closing time at 2 p.m. central me fustead of 1:15 p.m. N0 chauge 1 the opening time of 9:30 a.m. is mtemplated Reasons advanced arc that for some me trading has been getting duller nd_there is considerable “chicken >cd” to be picked up In the addi- five minutes, and because vires open anyhow until the closa of [ w York Stock Exchange. Pre- ious efforts to extend the time of rading have always failed. e \NOTHER BOOST IN OIL PRICES NOW PREDICTED pecial Dispatch to The Star. SAN FRANCISCO, January 22.—De- sreases in California crude oil and sasoline production are responsible for the increases in gasoline price rerc and oil men predict that further follow. Figures just nade public show 103,872,135 galions ot gasoline were produced in this stats In December, or approximately 2,000,000 gallons less than the month previous. Crude oil production for the first two weeks of this month in- iicates the total January production will be about 2,000,000 barrels under December. On January 1 there were 191,760,375 gallons of gasoline in stor- age in the state, or less than two months' output. wdvances will i i H H ional forty he wire houses keep their offices and ! $16,000,000 OUTLAY BIG HOUSING AID By the Associated Press. STOCKHOLM, January *2.—Having spent $16,000.000 in the last five years in efforts to solve the housing problem in Sweden, the state now finds the situation considerably re- 15 Sixteen thousand new apartments, with 60,000 rooms, and 5.400 private homes ih the suburbs have been com- pleted in this period of time, and it is no longer necessary to pay large premiums for a lease. State aid, nevertheless, in building operaticns is being continued. PORT DUTIES HEAVY. Three Cargoes of Sugar Boost Bal- timore Figures. Special Dispatch to The Star. BALTIMORE, January —~Duties were collected on imports valued at $1,480,317, one of the high marks for the last two vears, according to the weekly report issued by Collector of the Port Charles Holtzman. Three cargoes which arrived last week, were responsible for the high, figure. Free imports were given a valuation of $713,378. Large shipments of grain, manu- factured metal articles and automo. bile accessories shot the export values to the highest figure for a month. Exports were valued at $1,897,528. BUSINESS TOPICS. ST. LOUIS, January 22.—It is ex- pected that the Mississippi Warrior ‘bary line will handle more than a mllf{%n tons of freight this year. The tonnage for 1923 was 710,000, and ship- pers are estimated to have saved $904 mpared with rail transpor- Tation. ““The line mow. has fifty-nine barges and eight towboats in commis- sion. JUNEAU, Alaska, January 22 (Spe- cial)—Alaska exports for 1923 reached $53.379,546 in value, according to John C. McBride, collector of customs here. e PARIS PRICES IRREGULAR. PARIS, January 22.—Prices moved irregularly: on the bourse today. Three per cent rentes, 54 francs, I change on Londor, 93 francs 70 cen- times. Five per cent loan, 71 france |30 centimes. The dollar was quoted 113 centimes. SMALL RETURNS [FiesT MoRTGAGES THE TYPE OF SECURITY CONSERVATIVE IN- VESTORS BUY IN DENOMINATIONS TO SUIT PURCHASERS JAMES F. SHEA 643 Louisiana Ave. N.W. ¥ l)'.\.\'f“l)?l{hzm’ola' THRIFT COMMERCIAL CO., | INC. For Year Ending Jaouary, 182 tapital stock. ... 3 Receive Less Than Fifth of Each Dollar Spent in U. S. for Cotton Cloth. | { - | Manufacturers recelve almost one- Inalt, retailers about one-third and: growers of cotton less than one-fifth of each dollar spent for cotton cloth. Those proportions are revealed today in a preliminary reportof the Depart- {ment of Agriculture of an analysis it has made of the difference between {the retail price of cotton cloth and the price of cotton. 2 S te analyses were made to |t e divided among the various agencies cngaged in the production and manu- tfacture of cotton shecting, gingham i fealico and percale. The average of these four ftems shows the growers recelved 18.9 cents. ‘The difference letween the grower's price and the| quotations on the New Orleans cot- | ‘hange wveraged 2.4 cont Falance due from stockholders Outstunding and exiating debt Mortgages on real estate Other obligations. ... a1 debt - Respectively ‘ubmitt M. 8. KOO Beesideat. New England § x | d 1.25 cents. The differ- | Wi x| the New Orleans pric LW, BAN i r 4 cloth in D Lngland averages cents, which | zoes to pay for misceilancous cotton | lLandling and car 5 the cotton dealer's servi Trustees. secretary of the Thrift | : Incl bereby wear that ‘e orego and' the algon amxed rEes, fOF | ijlerato Are true and correct to and for |knowledge and belief. Witnes Inanufacturing the cloth as well as |iand and seal oy the 2ist dur the selling expense. The JobberS| o . o, b and retailer's margin combined aver- | Washington, b .. deouars iged 3 1c, 'in und for the Distriet of Columbia. The reta (Seal) VICTOR R v, report stat My 3 per cenl to i My |ing pri _ Jobbing from ~up on cotton goods, , varies from around per cent of the sell- margins vary the jobber's FIRST MORTGAGE NOTES cost | ng margins b ci sty have not been isolated, but they are Rocisaln CAIL Suit6 on Saxs ble the largest single item in the spread | THOS. E. JARRELL between the price of raw cotton and the price of cotton cloth, the report (| oo 5 Gt fon, “Real Eetate Boars Wovdward Bldg. Hain 768 ~ Money to Loan Secured by first deed of trust on real estate Prevalling intercst ard commiesion. COAL AND AUTO CAR | LOADINGS INCREASE Wall Street Watching Next U. S. Steel Meeting—Other Sparks From Ticker. { Joseph I. Weller {3 Vegb, & & Trawt iy the Associated Press. ! NEW YORK, January 22.—Average| daily coal loadings for the New York | Central lines for the second week in howed a over the December. At the s crease in automobile leled the gain in coal Net earnings of the serve Bank New York totaled $3.043.6 s 3 in flationary™” 3 8511 Recalling the extra d clared unexpectedly by the United States Steel Corporation at its last quarterly meeting, Wall street ic looking forward to other important i when _the directors week. Financlal news agencics have hinted that a condi-i tion may be made in the capital structura by retirement of some of the preferred stock. Standard Gas and Electric Com- pany stockholders have authorized an increase In the common stock from 600.000 to_ 1,000.000 shares of no-par value. The additional stock i will be hald for conversion of $10.- 500,000 debenture bonds recently of- fered. Refunding Corporation's $4 January per cent Land Bank 434% Bonds Due Janua 1,.1954 Optional January 1, 1934 Exempt from Fed- eral, State, Municipal end local taxation. Price 100'; & interest to yield about 1.70% to redeemabls date (1934) and 43 % there- after to redemption or maturity. Circular upon request. The National City Company ‘Washington— 741 15th St. N.W. Telephone Main 5176 loadings parai- flic. Federal for dividend de- of the Maxwell Motor 56.856 notes due on Tuna 1 will be mplished by the of $5.000.000 7 per cent sinking| fund ten-year gold debenturoe bonds; They will be ocon- EQUITABLE Co-Operative Building Association Organized 1870 44ts YEAR COMPLETED $4.755,170.53 . 1,248,320.98 Results Tell ‘The soccess that has been cbtained by others through srstematic savings should prompt You to join the Equitabie Bow. ver stock at 375 a share. underwrite the issue. Bankers will STATES SHOW SHARP WINTER WHEAT CUT| Special Dispateh to The Star. CHICAGO, January 22-—Washing- ton, alone of the wheat-producing states, reports an increase in acreage of winter wheat for the 1324 crop, the others showing marked de- creases, tabulations disclose. Wash- ington reports an increase in the 1923 sowing of about 10 per cent. Other states show decreazcs as fol- Jows: Kansas. 13 per cent: Missouri, 25 per cent: Nebraska, per cent: | l)hthl 10 per cent: Texas. 27 |)e\‘l Subscription for the 86th Issue of Stock Being Recefved Shares, $2:50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, Presidemg FRANK P. REESIDB, Sec’y nt: Californ 15 per cen Iilinois, per cent; Idaho, about, 10 per cent; Oklahoma, 3 per cent; Ohlo, 6 per cent; Indiana, 13 per cent, and Colo- rado, 18 per cent. Oregon and Utah report almost as much acreage as the preceding year. STEEL PROBE OPENS. Federal Trade Commission Inquir- ing Into Big Merger. NEW YORK, January 22.—Tnvesti- gation of the absorption of the Beth- lehem Steel Company of the Lacka- wanna, Midvale and Cambria com- panies. being conducted by the Fed- eral Trade Commission on complaint that the merger operated for re- straint of trade, was opened here yesterday, and the first gession de- voted to the examination of Robert Miller, purchasing agent for the Staten Island Steel Company. COMMODITY NEWS . Save. WIRED STAR FROM ENTIRE COUNTRY KANSAS CITY, January 22.—De- mand for sound, unblemished horses! for use in the southern states has: made its appearance in this market.| Southern buyers have been purchas-| ing muleo freely, but until this week; there was little call for horses. ! i BOSTON, January 22—Foreign de- mand for hides and skins is strong- er at present than the domestio call. Recent inquiries from Japan fore- shadow an increase in future ehip-; ments. SAN DIEGO, January 22.—The let- tuce crome of the Imperial valley is expected to approximate 3,000,000 crates, an increase of 600,000 crates over 1923. WICHITA, Kan., January There are at present 325.000.000 bar- rele of oil above ground in this coun- try, according to Horace G. James, president of the Missouri ~Oilmen’s Association. He declared if overpro- duction were checked prices would advance etill further. SHREVEPORT, La., January 22.— The advance of 15 cents a barrel on all grades of Louisiana and Arkansas crude by the Standard Oil Company is expected to cause a remewal of drilling in the two states. YAKIMA, Wagh., January 22.—Not more than two-thirds of the boxed winter-keeping apples from Wash- ington and Idaho have been sold and the oversupply has led bankers in this state to seck a practical mothod for co-operative marketing. i RICHMOND, January 22.—The Qyn- tinental Tobacco Company of V ginta, recently formed in New York, with David A. Schulte as president, has just been granted a rter in' hids Etate, o AND oy Central: Northeast: 8th & H Sts. N.E. Southwest: 436 7th St. SW. Northwest: 1140 15th St. NJW. FINANCIAL. MONEY TO LOAN ON FIRST MORTGAGES | AT CURRENT RATES OF INTEREST MORTGAGE ‘ LOANS : Our First Mortgages are the safest and most satisfactory form of investment it is possible to pro- cure. Al of our Mortgages are secured on improved property located in the best Northwest Sections. Denominations $100 to $10,000 Ask for Descriptive Booklet. It's Free. MORRIS CAFRITZ C0.} ] Make-a-Vill Day #f Of what avail are thrift and industry in life, it you do not take every precau- tion to protect the interests of those you'll leave when life’s span ends? 7 Wednesday is ““Make-a-Wiil Day,” and it's one of THRIFT WEEK'S most im portant injunctions. Our Trust Dept officer will be glad to have you consult with him as to the proper making of YOUR will. l Washington's OLDEST National Bank | Ol"llfll!_d in 1814 Our Savings Dept. Pays 3% Compound Interest National Metropolitan Banlk Capital, Surplus & Undivided Profits Over $1,700,000 15th St., Opposite U. S. Treasury—110 Years Old Capital & Surplus, $2,000.000.00 Many Are Heedir Thrift Week Call * Have YOU turned over a new leaf—opened a bank ac- count and put your finances on a budget basis? € The sooner you do so the bitter off you'll be. Avail vourself of our facilities if you desire service and tection of 1009 cfficiency. £ Deposits _ invited Same rats of wnall acoun! = National Savings & Trust Co. Oldest Savings Depositery in Washington amount. large and Above All Do This in 1924 1 2. Rent a Safe Deposit Box. Create a Trusteeship or Agency Agree- ment with this Company- Make a Will and Name this Company Your Executor and Trustee. Ewery Banking Servic AMERICAN SECURIT TRUST COMPANY o 15th and Penna. Ave. Capital, Surplus and Undivided Profits Over $6,000,000.00 BRANCHES 7th & Mass Ave. N.W. i !