Evening Star Newspaper, March 7, 1924, Page 29

N FINANCIAL. NEW YORK CURB MARKET CHEMICAL CONCERN RAIN FACES LOSS| Virginia-Carolina Company to Show Deficit for Year, President Reports. By the Assoclated Press. NEW YORK, March 7.—The Vir- ginia-Carolina Chemical Company, for which recelvers were appointed early this week, faces another deficit after interest charges for the current year, President C. G. Wilson sald In a state- | ment to stockholders today. “It had been the hope of the man- agement earller in the year that con- solidated net earnings for the cur- rent fiscal year would show & sub- stantial increase,” he stated in ex- plaining the company's move for a! receivership, “It has now developed that due to a continuance of adverse conditions this expectaton will not Le realized. Prospects, therefore, point to another year showing a loss after interest charges. “It is proposed to make an im- mediate comprehensive study of the company's problem for the guidance of the readjustment managers in yorder to determine & sound basis for readjustment plans.” MILLS WILL REOPEN. Action in Fall River Merely to Hold Onto Operatives. Special Dispatch to The Star. NEW YORK, March 7.—According to yeports published today. three or four of the Fall River mills which have been closed are to resume op- crdtions Monday. Private advices, however, said that one of these mills ‘was to reopen for only a week and the other for three days and that the resumption of activity was with a Yiew to giving employment and hold- Ming operatives rather than because of any improvement in the goods sit- uation. Raw cotton traders are watching the goods markets very carefully for any “inspiration, but are more and more looking forward to the new crop start as the determining factor in end-season values. EMBARGO ON U. S. CATTLE Canada Obliged to Protect Live Stock Trade With England. % The placing by Canada of an em- bargo on live stock from the United States as a protection against the foot and mouth disease, officials of the animal industry said here today, was principally to make its regula- tions conform to those of Great Britain, which has barred _cattle ‘grom ail of the United States. Canada hips a large number of animals to hte United Kingdom and must protect that trade. SHOW RESPECT FOR FLAG. “Star Spangled Banner,” Played at Willard, Stirs Listeners. Respect for the flag was in strong evidence last night at the close of a military_banquet held in the red parlor .of the Willard Hotel, when the United States Marine Band struck up “The Star Spangled Banner.” At that time “Peacock Alley” was well filled with a fashionably attired company of refined ymen and women and some children. The instant the strains of the familiar | music struck the ears of the company | in the “alley” every man and woman and the chiidren arose, facing toward the music and stood motionless until the last note was played. e BUTTER IS HIGHER. CHICAGO, March 7.—Butter higher. creamery extras, 46l3; standards, 46%; extra firsts, 45%a46; firsts, 45a 45%; seconds, 44as4la. Bggs higher; receipts, 16,289 cases; firsts, 23%¢a24; ordinary firsts, 21a22. RAW SUGAR TS CHEAPER. NEW YORK, March 7.—Further de- clines occurred in the raw sugar market early today with Cubans quoted at 7.09, duty paid. Sales of Cubas were Treported for prompt ¥hipment at 7.09, but details were lacking. Raw sugar futures follow- ed the easier ruling of the spot mar- ket and prices at midday showed declines of 5 to 6 points on active positions. PIANO DIVIDEND VOTED. NEW YORK, March 7.—Directors of the American Piano Company de- clared a quarterly dividend of 2 per cent on the common stock and the regular quarterly dividend of 1% per cent on the preferred, both payable April 1 to stock of record March 28. An extra dividend of 2 per cent on the common stock was paid January 1. Previously the rate had been 1% yper cent quarterly. AT e Stockholders Seek Accounting, George T. Powell and Frank F. Jones have asked the District Su- preme Court to compel an accounting by the National Manufacturing and Metal-Finishing Company and cer- tain of its officers. The plaintiffs are} v minority stockholders, and tell the court that last September the com- : pany had assets of $302,001.59, but re- | cently had permitted fifieen judg- | ments by defualt to be renderedl against the corporation in the Mu- nicipal Court, under which the plant at 3306 P street northwest was sold <4t auction. Attorney Robert E. J. Whalen appeared for the plaintiffs. NEWS PRINT OUTPUT UP. OTTAWA, Ont.,, March 7 (Speclal). —News print production in Canada reached a high-water mark in 1923 ith a total output of 1,263,000 tons, ‘according to a report issued by the Dominion bureau of statistics. This ‘was an increase of 181,000 tons, or 16 per cent over the 1922 output and 455,000 tons or 56 per cent greater than that of 1921, S $3,802,000 PHONE OUTLAY. BALTIMORE, March 7 (Special).— ¥xpenditures of the $3,802,000 allot- ted for expansion in Maryland will | be begun at once by the Chesapeake | and Potomac Telephone Company, ac-; cording to C. H. Warren, division ' manager. Approximately $215,000 will be nt for new construction work, additions and extensions to the Baltimore plant, while the bal- ance will be used in extending the service throughout the state. . ‘What It Was Worth. From the Toronto Globe. He stood, apparently deep in thought, under the three golden balls ‘:‘hleh hung above the doorway of the shop. Presently resolution came to him. He crossed the threshold and inquired of the proprietor: “How much will You give me for this coat?” “A - shilling,” retorted the pawn- ‘broken, eyeing the shabby garment ‘with undisguised contempt. “Oh, make it 2 shillings,” exclaimed the seedy one. “Hang it all, this coat's worth 6 bob if it's worth a penny!” “My vriend,” sald the pawnbroker, “I vould't give vive shillings for two overgoats like that—no, certainly I vouldn't.” “Come, come!” replied the seedy one persuasively. ‘“Would you take a ghilling If the coat were yours? es, and think I'd done well! ‘Ah, then, that's all right. Here's your_bob. T found the coat outside and brought it in to see how much it was really worth.” Recelved by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK, March 7.—The 25- point advance in Chesebrough Manu- facturing in the Standard Oil section, active buying of New Mexico and Arizona land in the independent ofl group, unusually heavy dealings in the recently reinstated Hawthorne mines in the mining department and & decldedly Irregular price movement in the industrial section made up the lmportant, occurrences in today's trading on the curb market. Chesebrough at 420 compared witk Thursday's close of 395. There was nothing new to account for the sharp rise today. Some time ago it was announced that the- directors had called a special meeting of stock- holders for March 20 to vote on the proposed readjustment of the com- mon stock. The buying of New NEW YORK, March 7.—Following is an officlal list of bonds and stocks traded in on the New York Curb Market today: BONDS. Low. 8 108! 045 e mri new '33.. 1081 5 Am Gas & Elec 6s. 04! 2 Am Bumat Tob 7i4s 07% 8 Am Roll ills 6 Eo 14 Anaconda Gs 102 @ Anglo Am Ol _7i%s 102 1 Antilla Bugar 7is. 9% 51 Auso. Kim' Haw g o 2AtG & WIBSSEDGs 51% 3 Beth Steel 7s '35.. 103 2 Ch Rock I & P Slgs 983 11 (e Sere 1%p) } a; Bal S%s B9 s Balt 7 .. 5 Cons Textlles 8y .. 1 Cuban Tel 7 7 Con Pap & 10 Deere & ‘Co 1348 .. 100% 6 Detroit City Gas 6s 1007 Detroit Edison 6s .. 108% Dun Tire & Rub 7&* 031 Fed Sugar 6s Fisher Body Gair, Robt T General Pet 6 % Grand Trunk 8 108 Hood Rubber 7 IC&CSILANO 5 Awi 9414 Intern Mateh G335 wi 933 Kana City Terns %8 100% Kennecott Cop 7s. ... 10413 Lehigh Pow ts 9" Lig Win Lig r ¢ 7. 1031 M St PASSM Sias wi 868 51% PRTOLL PRI 1 fo Power 5 B. & Tiltord 8 penn Power & Lt b5 88% P B & Wa bs B wi 00 Phi Pet Tias wt wis 103 pit Y R Co Gs B wi 98% Co_63: 9oty 2R85! et 10 French 4s 43 s 113 Go of Arg s "57 Wi 1 Na R Mex c d 6s-1ds wiss (ovt 518 ... iss Govt 58 A 8 of Mex 43 cf de BTANDARD OIL ISSUES. 174 18% 3 31 s m‘i 70 895 Sales in units. 1400 Anglo Am 01l 400 Atlantic Lobos 190 Rorne Serymser . 10 Buckeye P L ...... 180 Chesebrough Mfg .. 40 Cumberland P L 10 Gal Sig Ol 1200 Hum Ofl & R 280 Imp Oil of 10 Ind P L 1100 Intl Pet Co Ltd 30 Magnolia Pet . 100 Nat_Traosit 10 N Y Transit ', 600 Ohio OIl new . 260 Prairie Ol & Gi 45 Prairie P L. 20 Rolar Refin 9500 8 O Ind . 800 8 0 Kenti 20 § O Neb §00 8 0 N Y new . 30 8 0 Ohio ... 410 Swan & Finch ... 1600 Vacuum Oil new .. Sales INDEPENDENT OIL STOCKS. in bundreds, 1 Atk Nat Gas. 5 [ 5 Boston Wyo Ol 1 13 Citles Service 8 2 Cities Service 24 % 8515 64% 4 Creole Syndicate .. 14 Lago Pet . 12 Latin-Amer .8 Livingston Pet 1 Lone Star 1 ex Panuc 3 Mount Prod ...... 61 Mutual Oil vot cfs 2 New Bradfd Ol wi 9 New Mox Land. sN YOI . I3, 1% i ; 12 SALES, & Elec. pfd.—16 at 78%, 10 at ght—S5 at 50, 5 at 50, 2 at ‘Washington Ri 10_at 78%, 9 & go 4hinghon G 50, 5 at 50. Mergenthaler Linotype—2 at 15415, AFTER CALL. Merchants' Bank and Trust Co.—10 at 120%;. Money—Call loans—5 and 6 per cent. BONDS. Bid and Asked Prices. PUBLIO UTILITY. Bla. C. & P. Teleplione Gs. C. & P. Telephone of Va. bs. Capitsl Traction R. R. 5s. City & Suburban Georgetown Gas 1st Metropolitan R. E. Potomac Electric Potomac Elec, cons, bs. Potomi de Potomac Ele Pot. Elec, Pow. £, m. Wath:" Alex. & Mt. Ver, ctfs. Washington Gas_ O Washington Gas 6o 01% Washington Rwy. & Eiec. 4. 7214 'MISCELLANEOUS. « Mut, Cold_ Storage ba. an Park Hotel........ STOCKS. PUBLIC UTILITY. Capital Columbia Bistrct. Farmers & Mecha Federal-American = ]N“nlonl Met: litan Nat. Bank of Washiogton. TRUBT COMPANY, Direct to The Star Office Mexico and Arigona Land was of the same character as has appeared in the stock all the way from 5% to the present selling price above 8%. It IS generally expected that development of the company’s large acreage will be begun srortly. The early break of 10 points in Hawthorne Mines was brought about by 1ling from those, who had the stock when trading w: suspend- ed in these shares and had become uneasy. After reaching 40, however, a sharp rebound carried the stock back to well above the Thursday closing quotation. Farly realizing sales checked the upward _ movement in _ Dubllier, Kresge Department Stores and Grand | renewed buying . tores. But later Saone into. all three stocks: Dubilicr made another new top around 26, while Kresge and Grand responded sympathetically to the favorable owing made by various chain and Gepartment store companies in their reports on sales during February. 1 Omar Oil & G 7 Peer Oil Corp 10 Peon Beaver Ol . 1 Penock Ofl . 85 Ryan Con . 2 Kalt Ck Prod. 1 Sapulpa Refin 18 Seaboard 0l 10U 8 Cities A 1 Wileox 0Oil & INDUSTRIALS. 2 Acme Coal new. 2 Am Haw 413 Am L & Tr 4 Bradiey Fireprfg . . 0 Candy Prod Corp wi. 3 Cen Agure Sug Co. hecker Cab Mfd A. hilds Co new w 1. Colorado Pow & L. Commonwealth Po - LT 2§ ) BEEEER ¥, 3 EE S chier Die Cast wi 43 Dubilier C & Radlo. Durant Mot. hu Pont Motors. 4 F & W Ga Stores wi 34 Foundation Co pf.. Glen Alden Coal. Havana Tobacco pf. Hazeltine Corp w i son & Man R R 1 Inter Contl Rubber 5 Jordan Mot Car Co. 10 Kresge Dept Stores 2 Kresge Stores pfd. 1 Landover Hold Co A 7 Lake Tor Hout 1 Leh V1 Coal nw 1 Midvale Co 1 Purk & Tif 26 Radio Corp 43 Radio_Corp pfd . 1 Reo Motor 6 Roxal Type 8 Kal Gil P N 20 So €& 1 g 33 RM S nwi vte Yellow Taxi Co NY MINING. k Oak Gold Mi .. 8 Canario Copper..... 3 Central Amer Mines R r. 10 Independence 89 Kelly Ext Mines 4 Kerr Lake . 10 Keystone of U Me 21 New Dominion ‘Cop i, New Jersey Zinc. 1 Niplssing 8 Ohio Cop 20 Penna Mij 10 Peterson Lake 60 Ray Hercules 20 Red Warrior ... 50 Silverdate . 3 8o Am Gold & P! 3 Tono Belmont Trinity Coppe: United Verd 13 Wenden Copper. 1 West End | X K 10 White Caps. oz A. E. F. CEMETERIES ARE BEING IMPROVED Graves Registration Reports Land- scape Work Is Making Progress. | | . he quartermaster general of the graves registration service In Paris Which shows that landscape work is progressing at a good rate In the American overseas cemeteries, despite the handicap of severe winter weather Which slowed up construction work on_the bulldings. | yyrookwood cemetery virtually is complete. Paths have been laid out, trees and shrubs have been set and work on the lawns has been finished. Two hundred and fifty men are working on the Meuse-Argonne ceme- tery at Romagne. Cuts have been made for roads and filled with rough macadam stone. Foundations for the house have been started and the tim- ber is on the ground. The fountain has been finished. At Belleau Wood all underground work has been completed and heavy macadam stone has been laid for the roads. Almost the entire area to be sowed to grass has been ‘cultivated. The trees in r arallel to the main entrance driveway and the driveway in front of the graves are now growing. ‘Will Plant Trees. At the Olse-Alsne cemetery cultiva- tion has been completed, and the first shipment of trees will be planted as soon as the weather permits. At the Somme cemetery rough grad- ing and the laying of rough macadam stone has been completed. The house has been plastered and the interlor woodwork and floors are in place. 'l’Jellvery of trees for planting has egun, The wall around Flanders Field cemetery, Belgium, has been finished and the gates and flagpole have been erected. The house now virtually complete. All the trees have ‘been planted and cultivation been fin- ished with the exception of sowing the grass seed. Both buildings at St. Mihiel ceme- tery dre finished outside, Roads and paths are ready for rolling. Trees and shrubbery are in the course of planting and "the ground cultivation will be finished in a few days. near Parls, the orna- mental fence rapidly is nearing com- letion and all the stone for the gufldlntl has been delivered. in England DEAD IS PROFITABLE. A friend of mine, writes a corre- spondent in the North China Herald, was traveling in China by cart in au- tumn, and the summer rains had made the road impassable in places, SAVINGS BANK. Commerce Bay! East gllll" ton. 'v’vnnmnnn Mechanics’ 7 FIRB INSURANCE. e858s8 EE%HaR Amertcan .. orcoran .. e ® .- 8 . 188 MISCELLANEOUS, orchanty Transfer and Btor.. iop id teh B aten Marer cou. 01d Dutch Market pfd. 80 the carter, following the rut tracks of other carts, climbed the bank and along by the edge of the flelds. The ruts led into an old burying ground, 80 the carter followed the track, which at one point—where the graves were closely spaced—Iled, right over the little mound which ‘marked an old neglected grave. The mules crossed the spot, when suddenly from behind another grave n:relrea & little wizened old many full of wrath, shouting and gesticu- lating. He threw himself acro: roadway and was ready, if to hold the animals’ bridles and tain the travelers by force. The carter, uneasy and nervous, was con- scious of wrongdoing and willing to make amends. The old fellow said that the cart had just goneé over hi: father's grave, I‘fl that nothing le than $5 could put right such an i sult. Finally & compromise was ef- fected and t fillal-spirited old was pald. The cart departed, and the last seen of the old man was that mfi:h,fl. behind the grave again, waiting for the next cart to ‘wrong him and pay in the same way for the privilege. i | Army has received a report from the| Washington Stock Exchange.| CEILING IS REACHED INTFRENCH FINANGE |Senator Declares Crisis Exists in Treasury Which Cannot Longer Be Hidden. By the Associated Press. PARIS, March 7.—Discussing the fall of the franc to twenty-five to the dollar, Senator Berenger, reporter of the senate finance committee, says there Is a crisis at the treasury. “Examination of the bank state- ment,” he sald, “shows that the note circulation, which must not exceed 41,000,000,000 francs. amounts to 40,- 275,000,000. On the other hand, if you look at the advances. to the state, which by law must not exceed a i maximum of 23,200,000,000. you find have reached 22,100 000 000. ed the ceiling in es, which Is a plain indica- tion that there is a crisis at the treas. ury. It is a brutal fact, why hide I Belgion Frane Alxo Tumbles. NEW YORK, March 7.—The French franc continued its record-breaking de- cline today, reaching a new low of 8.77% cents. The Be'gian rranc also reached a new low of Heavy speculative | selliug abroad as a resuit of the increase in French note circulation contributed to the decline. Before You Invest—Investigate. Ever notice that the fellows who try to get rich quick are always broke? COAL TRADE CAUTIOUS. Producers, Dealers and Buyers Playing Waiting Game. Special Dispatch to The Star. NEW YORK, March' 7.—Coal Age Caution prévails throughout the coal trade. Producers, dealers and consumers scem to be playing a wait- ing game—the objective mnot being clearly evident. The government re- Dort of reserve stocks having revealed a total suffielent for more than fmme- diate needs in most quarters and the Jacksonville agreement having given 2n _assurance of peace in the central competitive fleld for three years, the incentive to buy has been removed for the most consumers. “Even the trimming of prices here and there has failed to quicken the markets, most consumers being cor tent to rely on their stockpiles where possible, making only necessary pur- chases from time to time, hopeful, perhaps, that further cuts will be forthcoming. A spell of mild weather also has pl its part in the pre- vailing condition of inactivity. ‘Coal Age Index dropped 1 point to 183, as of March 3. the corresponding average price being $2.21. This com- pares with $2.23 on February 25. SHORT TERM SECURITIES. (Quotations furnifled by Redmond & Co.) Aluminum Co. of Amer. Aluminum Co. of Auccr. Awmerican Cotton Oil 03 American Sugar €s 10¢ American Anacoudn C | Bell Tel. of Canada Canndian Northern COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY 1 l CHICAGO, March 7.—Fat steers ara bringing $1.50 more than they did & year ago at this season, and some predict price increases for high-class cattle very shortly. Fewer good steers { FARMING ACTIVITY PICKS UP IN SOUTH | Fertiliter Sales Improve—War Start on Boll Weevil by State Board. are on feed today than In twelve| months. The present top price is $12. DETROIT, March 7.—Wallpaper dealers here report the present vol- | ume of business is equal to that of the peak perfod of last May, due to heavy bullding operation: Paper- hangers are recelving $1.256 an hour. CHEYENNE, Wyo., March 7.—The first run of oll through the new 717- mile Wyoming-Kansas City pipe line probably will occur Saturday. The line is expected to carry 40,000 bar- | irels of oil 25,000,000. ! DANVILLE, Va, March 7.—The last of the 1923 tobacco crop is finding its |way to market now. Unless plans are changed, the auction market here will close March 14. The Tobacco | Growers' Co-Operative Association will close all recelving stations in the bright belt of Virginia March 28. | PORTLAND, 6re. March 7.—Plans for a $10,000000 prune growers' or- | gantzation, embracing the principal producers in five countles, producing half the state's output, will be out- lined at a meeting here next week. {Establishment of packing plants for jhandling the crop on an economical {badis is contemplated. i L] | SEATTLE, March 7.—8ilk_imports rom Japan and China (n February |through this port amounted to 15,883 bales of raw silk and silk goods in cases, valued at $21,126,000. CHICAGO, March 7.—Demand for floor coverings of all kinds has been 50 good, dealers report, that expected price trends downward have not ma- terialized. Stocks are said to be low- er than in ten years. ASK WAGE INCREASE. Southern Railway Shopmen Want Former Pay. NEW_ YORK, March of the Federated Shop Crafts of th. Southern Railway, it was learned here ycsterday, have filed a request with ‘the management of that road for increases in wages which would restore the level existing previous to June 20, The actual amount of the Increase is understood to ap- proximate 4 cents an hour on the average. The rate established by the labor board for mechanics in the shop craff Is, roughly, 70 cents, but advances were granted by the carriers gen- erally last summer which brought the coing rate up to approximately 73 cents. It was because of the reduc- tion in rates ordered by the Interstate Commerce Commission in June, 1922, from 77 cents to 70 cents that the shopmen throughout the country de- clared thefr strike. R R COTTON PRICES TODAY. Yesterday’s Sharp Advances Fail to Hold Gains. NEW YORK, March 7.—Yesterd: sharp advances were followed by re- actions fn the' cotton market early today. Liverpool cables were better and first prices here were 2 to 21 points higher, but the tone was bare- Iy steady, and the market soon weak- ¢ned owing to a fear of a lockout in Lancashire. NEW ORLEANS, March 7.—The cot- ton market opened 5 to 11 points dally. Its cost was embers 7 {down despite better Liverpool than \due and rather unsettied weather in-| dications shown by the map. Seiling '3 | was quite active for a time on realiz- G Humble Oil Kennecott C % Libby, McNeil & 31 3. 8t P . 5. M. 6148 1031, Morris & Co. Ti4s 1630.......0 Oregon Snort Penna. R. I Swift & Co. Bs 103 Tidewater Ol 61a; Unlon Tank T. 8. Rubber 7 West Penn Pow Wisconsin Wheeling Steel Corp. 6s | U. S. TREASURY CERTIFICATES (Quotations furnisted by Redmond & Co.) June 16, 1924 s June 13, 192: s September 433 March 13, 4148 June 15, 10: 4%s December 4%s March 15 4i,s September s March 15, £s December ' 15, 1001-18 101510 101316 bt 100% 00% FOREIGN EXCHANGE. (Quotations furnisked by W. B. Hibbs & Co.) Nominal “Seiling checks, 1d valve. today. London, pound Montreal, doll Paris, frane 103 fran, 3 sz mark. 28 trillion. lira Brussels, Berlin, Rome, Madrid, peseta Vieaua, crown Coprahatgen, crawi Christ.ania,’ crown. . Stockhoim,” crown.. ... Company. A Steel Fed Am Steel Fd pf Am Wholesale pt. Beech Ck R R. Chase Nat Bk Chiuse ‘Securitien.. Chatham & P BE, Cuyamel Fruit.... Cuett_Peabody pf Cert Prod lst pt. Gert Prod 24 p Chi Motor C pf. Draper Corp.. DuluthSup e pf End’cott Johnson,. Endicott John pf. Fisher I of O pf. ¥ Co, of Pa 1st pf Guaranty Trust. 2, mEF shFands i ' .._.‘.,_ 300N e B ke B AT s e e b 2R SARRSSAARAER £ P ennnn Faugs N, L & Ont P pt N'AL&Pcpt. Okie_Natural G Pacific G & E. Pacific T & T Price Bros, Ltd. B Insur of Amer. Spr Ity ! Bealoard Nat Bk. 8t Joseph Lead. 8t Joseph Lead .‘..» e I ERRRRESRRAR c mh 41%c Mfg. Mfg. mh 41%c Yellow EX-DIVIDEND TABLE. March 10— Am. Bafety Razor, s Chescbrough Mtg. pL.. '3 Gt. Atantic & Pacific Tea Co. Motor Wheel Corp., q. National Sugar Kef., q. New England T. & T. Pitts., Pitts., Ft. W. & Chi. pf Ry. Steel Spriny Republie Iron -8heffield :ll:l(“fl P. Rico Bug: South P. Rico Bugar pf Stromberg Carburetor, Wortington Poimp & M. 0t B o Fump & M. Bt By March 11— ' ¥ S By March 12— q Brookiyn Union Gas, new, no par, Montana Power, g, Montana Power pf., 4. 23| the barge, ing induced by uncertainty as to the outcome of the Lancashire labor troubles, the further drop in francs ‘land disquieting news from Washing- iton. Fall River estimated sales for | the week, only 35,000 pleces, were also disappointing. By the end of the first half hour of trading May traded down to 28.73 and July to 27.90, or 39 [0 42 points below the previous close. New crop months were comparatively steady. DAYLIGHT-SAVING DRIVE STARTS IN PHILADELPHIA Special Dispatch to The Star. PHILADELPHIA, March 7.—Busi- iness men here are urging the city council to adopt a daylight saving resolution. effective April 27, similar to the one adopted last year. The state law prohibiting any change in official time is still in force. but {f the resolution carries, banks and pub- lic offices will open and close one hour earlier, although the clocks will not be changed. SEABOARD’S EARNINGS UP. i Road Making Fine Trafic Record, 5 Reports Reveal. The Seaboard Air Line railway con- tinues its satisfactory earning record. In January the company maintained gross revenues at almost the peak of December. Net operating income was $682,300, increasing $157,770, an in- crease of $108,631 over 1923. Traffic through the first twenty-four days of February was exceptionally high. Some 140,976 loads were moved, compared with 130.186 in 1923 and 120,- 798 in January. Carload traffic volume was thus running about 15 per cent ahead of January, while the average 1 daily movement was ahead of December, when 153,302 cars were moved. Deliveriés on the 1552 cars ordered recently will begin the latter part of next month. LIVERPOOL COTTON. LIVERPOOL, March 7.—Cotton—Spot, moderate business; prices steady. Good middling, 17.66. fully middling, 17.21; middling, 16.76; low middling, 15.91} good ordinary, 14.91; ordinary, 14.41. Saler, 5,000 bales, including 3,400 Amer- ican. Receipts, 17,000 bales including 7,400 American. Futures closed barely steady. March, 16.65; May, 16.58; Jul.y. 16.29; September, 15.24 ; October, 14.7 December, 14.42; January, 14.35. Gt APPLE MARKET ACTIVE. NEW YORK, March 7 (Special).— There was an active inquiry today for tancy, large, green apples and well col- ored Mclntosh variety, but Baldwins and most other_varleties received very lar_owing to the wide range in qualit !ana condition. A grade, two-and-a-hal {inch greenings 5old at §3 to $6 pur bar- rel. Baldwins brought from §350 to $4.50, and miscellaneous varietias ranged from ' $2.50 to $3.50. OIL BARGE IS SUCCESS. The first electric ofl barge on the Atlantic coast is the J. H. Zenior, which_arrived in Baltimore recently from the Newport News Shipbuilding i Company, for the Standard Oil Com- pany of New Jersey. The run from Newport News was made &s a test of and she arrived severa time given her to hours ahead of th negotiate the trip. Public Service Corpot; of New Jersey Dividend No. 67 on Commen Steck Dividend No. -7&% littie attention. Prices were very irregu- , Special Dispateh to The S ATLANTA, March 7.—Clear and milder weather has brought the first general farm activity in the south- east this week. The higher lands are being ploughed for planting and fer- | tilizer sales have quickened, although til being far behind the volume of last year at this time. The Georgia board of entomology has started out a “peddler car’ to supply farmers with calcium arsenate | t cost, while agents will instruct the farmers how to spray thelr cotton plants to kil the boll weevil. Reports from North and South Car- olina state there has been & Slight | improvement in the demand for cot- ton goods and that mill operators | belleve further curtailment will be | unnecessary. .$700 PAID FOR BULL. KANSAS CITY, March 7 (Special). —A top price of $700 has been pald | for a Hereford rekistered bull in the ,annual Hereford round-up now under {way here. On the first day of the lsale 130 bulls sold for an average of 1 $139.60. STATEMENT OF THE CONDITION Of the PROVIDENT MUTUAL INSURANCE i COMPANY OF PHI PHILA- | DELPHIA, PA.. on thie 31xt . 1923, under the District of Columbia code, June 80, 1802, and August 18, 1911. “ABSETS, required amended Cash in office. $11,006.19 Ganh in bank B15.633.54 765,007.82 (firat 41,216,871.07 76,079,814.85 3.539.360.99 2, 85 d" bonds (amortized). deterred and un, AR othir asmets, iacloting oo ateral loans. $2.066 496 policy loans, '$15,765,920.30.. 20,808,828.00 Total amets $145.349,640.90 LIABILITIES, Net unpald clai Heserve as require Balaries, rent; 7,002.08 8T o0 018.339.18 7.199.30 $7.069,134. fdends 1924, $4.618, 900,00, = for Total liability Cliaracter of business transacted during the year 1923, life insuranc Amount of risk nssumed dur- {ng the year 1923. .. $95.206.913.00 Death loxsen sustained during the year 1023 4.916,612.00 Money” received during the year 1923, Expend L. C. ASHTON, Kecretary. Subscribed 40 afiemed before me thia Ziat Woeat) T P ppw. amery. (feacy Notary Publlc. (Notary public commission expires February HERBERT 0. McLEAN, Genersl Agent, 214 District National Bank Building. | EQUITABLE ill Co-Operative Building Association Assets . 84,785,170.83 Surplus $1,248,3%.59 i { Best Results are obtained through systematic sav- ing. Join the Equitable now. actiption for the 86th Issue of Stock 2 Being Recetved (|| Shares, $2.50 Per Month EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, Frestleme FRAVK P. REESIDE, Sery. | | First Mortgage I Money to Loan On 1 Desirable, Well Located Property 6%5% Let Us Have Your /Il Interest Rates ill Today 6% and 7%— $100 to $1,000— Partial Payments Mortgage Investment Dept. 3 LUCH) INC. 718 & 715 14th St. NW. Main 2345 FINANCIAL THREE ARE INDICTED. | @. F. Redmond Employes Charged | With Operating Confidence Game. CHICAGO, March 7.—Three em- ployen of the Chicago offices of G. F. Redmond & Co., brokers, whose fif- teen branch offices were ordered closed by the federal court in Boston, have been indicted here on charg of larceny, embezzlement and oper- ating a confidence game. ——— e WOOLWORTH SALES GAIN. NEW YORK, March 7.—Sales of F. W. Woolworth 6 and 10 cent stores for the month of February showed & gain of almost 20 per cent over the same month last year, and for the two months 50 far this year an increase of close to 15 per cent over the corresponding perfod a year 8go. Sales for February, 1924, were reported yesterday at $13,430,850, compared with $11,233,620 for the same month last 'year, and for January and February of this year at $26,663,834, compared with $22,280,628 for the same two months in 1923. We Loan Money on Apartment Housex, Office Bulldings, Hotelx, See Us About That Big Loan Higbie & Ri inc. 816 15tk St. N.W. Money to Loan Secured by first deed of trust on real estate. Prevatling interest and commission. 420 Wash. L. & Trust JOSC[)}I L Weller Bldg., 9th & F N.W. Investment Properties FOR SALE Vicinity Conn. Ave. & L St. NW. | JORDAN & CoO. Incorporated. 1027 17th St. N. W. | Loan Department Established 1907 If You Believe in the United States— You Believe in Washington! Real Estate Development We are offering an investment in a Real Estate Development that assures an unusual degree of safety, a generous interest return and participation in profits of the enterprise, be- yond the normal interest earning. Cadll, phose or write and we will be glad to supply you with complete details of this investment. ALLAN E. WALKER INVESTMENT CO. Southern Building. We are now offering firs: trust (mortgage) notes in de- nominations of $100, $250, $500 & $1.000, at 7% interest, secured on downtown business property. Phone Main 4340 for Full Particulars BOSS and PHELPS 1417 K Street Harry K. Boss H. Glenn Phelps Ben T. Webster R AR A A AR Security That Increases With Age WHEN you put your money into our 615% and 7% First Mortgage Coupon Bonds you have the satisfaction of knowing, not only that your investment is safe when you make it, but also that the longer you keep it the safer it gets. Due to our requirement of serial maturities, the amount of bonds outstanding on each issue is decreased year 3 year, while the se- curity remains unchanged until the final bond is paid. Each issue of these bonds is strongly secur- ed by valuable, income-producing property, and is protected by all of the rigid safeguards that have made sible our record of NO LOSS TO ANY INVESTOR IN 51 YEARS. Call, write or phone Main 6464 today for descriptions of current offerings, which you may buy either outright for cash or under our Investmient Savings Plan. Yield 637 and 77 Cike F.H.SMITH CO. SMITH BUILDING 815 FIFTEENTH ST. SAFETY—YIELD To seek only high yield is to speculate. To secure safety, coupled with substantial yield, is to in- vest. Over a Quarter of a Century Without o Loss * Our 7% FIRST MORTGAGES - —meet all the conditions of a perfect investment. SAUL CO. 1412 Eye St. N.W. B. F.