Evening Star Newspaper, March 17, 1924, Page 23

FINANCIAL. " MEAT PRICES UP: EGGS ARE LOWER Receipts Light on First Mar- ket Day of Week—Shortage of Fish Reported. The Washington wholesale market epened tho week with a slight)ad- vance over Saturday In prices for nieats, and in some quarters a'cent or two drop in the price of fresh vearby eggs Reeeipts of meats and voultry were light, In the tresh meat marlket lambs were veported strong and at $0 cents for chvice. Plain lambs brought ood beef brought 10 16 ceuts, fair ubout 11 to 15 cents; cows, 11 to 13 cents. The pork mar- od. at 17 eent ts. and rib: 10 cents. mound 20 cen bofled ham: : top bacon, conts. fa nts, wid sliced bacon, s & pound. Ham: War T ¢ of fish resulting of lagt week, the commodity was “too Dealers looked for however, about Wednes- o quot etion. candled eges ranged cenis a dozen. It was some quariers that I the lowest price and Desi week a rise is looked for. will begin collecting for cold the end of this wonth. On uther hand, opinion was expressed tegrs will beginning 2t . because the poul- cear. simate prices to 35; small, un; priggers, 2 : ronsters. 16; ] “r eight pounds, d old toms, old to hens, were under all, round cight, 10 6. Bavanas Going Higher. ruits and vegetables: Bananas wore h and dealers declare they will b cher bofore the end of the vrek. A good bunch sold for §5 and ~ price ranged down to 3250, Ap- ples were cheap, prices varying ae- carding to grades: oranges also were declared cheap at $2.50 (o 8 srapefruit, § and rics, small quautities of wh on hand today, sold from “nts a quart. ring beans, per ; F agus was scarce e $10 to 312 a dozen; 30 to 65 basket, were s to crate: uliffower, was 5. slow cumbers, $1 best grad scaree, 35 < barrel: and feeberg, ents to $1.50 a basket plenty on hand. § pounds; Cuban bermudas. $5.50 a bushel: parsley, scarcc and high, at 35 a hamper; parsnips, $2 a bushel: neas. Florida, 33 to $6 bushel; “alifornia, 2 crate: potatoes. old, $2.50 to $2: new, $4.50 & bushel; peppers, 34 to $6 a crate; spinach, $3 to $4 a'barrel: tomatoe. .50 1o %5 “ crate, of varied quality; turnips, 81 4 bushel—a new lot expected last of April; rhuvarb, Washington Arrival Cars on track at § am. today: Apples—4 Washington, 2 Oregon, freight; % broken and 4 unbroken cars on track. Cabbage—6 Flortda, 1 Texas, irelght; 8 broken and 5 unbroken cars on track. broken and 1 unbroken cars on irack. Potatoes—I12 Michigan, 1 New York, frelght: 25 hibls. Virginia, boat; 15 broken and 17 oken cars on track. Sweet potatoes—! North Car- olina, 1 South Carolina, freight; 2 broken cars on track. . Lettuce—I a, freight: § broken and 1 rs on track. Grapefruft— Florida, freigl broken and 4 broken car: Oranges—7 z reight; 5 brok- track. Onions . freight; 3 unbrok- Tomatoes—6 Flor- to $2 a hundred a ida, freight; press; 4 broken and 4 unbroken cars n_track rreight; 1 broken and 3 unbroken cars track. String beans—300 baskets orida. express. Strawberries—_2 refrigerators ¥lorida, express. Egg- lant—146 crates, Florida, express. ’eppers—181 crates, Florida, express. Spinach—1 South Carolina, freight; 66 ‘rates) South Carolina, express; 32 hroken cars on track. Mixed vege- bies—1 broken car on track. Kale 511 bbls, Virginia, boat. Brussel Massachusetts, freight; 10 York. express. Cranber- 1 unbroken car on track. Lem- —1 California, freight; 1 unbroker r on track. GRAIN AND PROVISIONS, BALTIMORE, March 17 (Special) Potatoes, white, 100 lbs., 90a1.90; 150 Ibs. 1.40a2, sweets and yams, bbl 0a’ 1.00a beeis, 100, £0026.0, bu., 3.00a4.30; broc- coli and kale, 35240; cabbage, 160, 4.00a6.0 ¥, bu., 50a60; carrots 100, 4.6026.00; caulifiower, crate, 2.25 ! celery, ‘crate, 2.25a3.25; cucum- , _craie, 9.00a11.00; eggplant wrate, 2.50a4.00; horseradish, bu., 3.00: *.00; lettuce, basket, 1.50a2.50; onions, 1.50a2.00: ' oysterplant. 100, basket, 50260; i Deppers, crate, amper, 4.00; 3 b 1.00a1. spinach, 4. a3.00; Dincapples, o ‘trawberries, quart, 30265. Settling Prices on Grain. Wheat—No. 2 red winter, spot, 1.11; No. 2 red winter, garlicky, spot, do. uestic, 1.12; exports, no quotations; No. 4 or No. 3 red winter, garlicky. “pot. no guotations. Sales—None. Corn—Cob, new, 4.30a4.40 per barrel No. for yellow and 4.1524.20 per ~or white; No. 2 corn, spot, 87%; No. 3 corn, spot, 843 track corn, yellow, No. 3, new, $9a90. Sales—None, # Oats—No. 2 white, 5724; No. 2 white, new, 56a56% o &je—Nearby, 70a30; No. 2 rye, spot, Hay—Receipts, 129 tons. In com- arifon with the market demand, re- ceipts are more than ample for trade wants, and the tone of the market is ~asy. In view of the liberal receipts, the trade is standing off and waiting for values to ease. Quotations: No. 1 timothy, 25.00a 1850 per ton: No. 2, 27.00a27.50; No. 3, 24.00a26 00; .1 light clover, mixed, 26.50237.00; No. 2 225.00; No. 1 clover, mixed, No: 1-clover, 26.00a27.00. Straw—No, 1 _straight rye, 25.00 per ton; No. 1 tangled rve, 220.00: No. 1 wheat, 18.00a18.5! oat, 17.00a18.00. PATRY PRODUCTS. BALTIMORE March 17 (Special).— Live poultry—Turkeys, pound, 25a40; voung chickens, 25a40; leghorns, 25a 30; old hens, 25a28: leghorns, 24a25; old ‘Toosters, 16al7; dicks, 24a32; geess, 30a38; pigeons, pair, 45a§0; Zuinea fowl, each 30260. Dressed poultry—Turkeys, pound, 25a42; chickens, 28a36; ducks, 28a33; old roosters, 17al8;geese, 20a2é;cap- °w‘(=.u 0)—Native and nearby 25; southern, 24. eamery, good to faney, prints, 30u52: mearby .5026.00; 24.002 18.00 No. 1 1] : shoulders, | and sold | S dry. | S to 15 cents a bunch. | Celery—2 Florida, freight; | crates Florida, ex-| Cauliflower—4 California, ! clover, 24.00 | I Received by Private Wire ! BY WILLIAM F. HEFFERNAN. NEW YORK, March 17.—Heavy jrealizmg sales had their effect upon prices. for curb market stocks at the start of the new week and were | fe1t chiefly in specialties which were bid up rather sharply all during the !past week. . The selling of these {stocks unsettled the entire list and {lower prices were the rule. « | Dubilier Radlo, which had been an {outstanding point of strength last {weck, broke 3 points under heavy served to check the upward move- {ment tn' Hazeltine Corporation. The selling was duc (o the desire by thos |who had purchascd at substantial {lower prices to avall themselves' of {some of their profits. Hludson and Manhattan sold off a | balf point following publication of ! the report for 1923, despite the fact { that this showed a balance for the NEW _YORK, Mareh 17.—Following an official list of bonds and stocks {traded in on the New York Curb Market today: Salew fn | thourands. i Alum . t 6 Am Gax & Blec 8a.. 1 Am Rolling Mills 64 3 Ausconda Gx ... . H ngio Am O Tian . w0 Sim HAwe 8% | MGAWISS {5 Stantie Fruit 8. I 8 el Sieel Tx | Chl, Rock 1 P egEs | Duntop T & K I 3 Fed Sugar 6 ! 1 Fisber Body 6s Fistier Bofy 8¢ ! Nor States l'ow 6 Obio Tower i il Phil Pet Pl Purs 01 ¢ 2 Slos-Shef 6. Solvey ot Cie i FOREIG ¢ French 48 43 ... King of Nether & v Gy of dp i St i K vt Blas nat Gort o L. ANDARD 01L 200 Anglo Am Oil.. 10 Rorne Serymmer.... 0 RBuckeye © L. N 3 ‘W Chesebroush Mfy seh Mfg new wi beriand P L. 311y 1075 91 200 Pon Mex Poel 140 Prairie P L. {50 South Penn |10 8ioitad. i 10 5 0 Oblo.. 360 Swan & Finc { 2000 Vacuom Oil pe 817 {su1es_pxoRPENDENT OLL STOCKS. b s Cities Service Cit Sery B cfs Cit Serv C st ) Cit Serv scri Creole Synd Engineers Petf . Gen Pet . HIL OIl vot tr cfs len Rock Ol ... Gult Ofl of Pa Gulf 8t 0 & B Tiodson Oil Lago Pet Latin Amer 0il Livingston Pet Mount Prod........ Mutua! 0il vot cfs. New Erad Oil w 1. New Mex Land. Penn Beaver 0 Pennock Ol . Red Bank. Oll new. Roval Can O & Re? Salt Ck Cons : Salt Ck Prod. apulps Refin . Seaboard Oil TS Cities 4100000 INDUSTRIALS. Amal Leather pfd.. 0% Am cot Eabric ptd 97 A 2 ‘Am Muitigraph Co.. Atlantic Fruit w L. Borden & Co. . 1181 Bridgeport Mach wi 11% Brit-Am Tob Coup. 1%y Bklyn City B R.... I Cardy Prod Cozp wi Centrit_Tron Pipe.. Childs Co new w i.. Colorado Pow & Lt Com, Invest Corp Wi Com'wealth Power.. Contl Tob Inc. DL & W Coal Doehler Die Cst v i Dubilier C & Radlo Dughili Intl Inc.... Darant Mot.. : Du Font Motors.... 1% F & W Grand of wi 413 Ford Motor Co Can 438 Gillette 8 R....0.. Zi41% Zaniion 3 | 2m8as Eatal 2115 i B! % © i a1 50! 7 8 182 5 i { i 1% 18t % = oz 128 0l 8 o b B et AT Hazeltine Corp w Hud & Maon R B. 2 Hudeon Co pfd.... 5 Jordan Mot Car Go 3 Kresge Dept Stores 2 Land Hold Co wi. 1 Lake Tor Boat .. 3 Lehigh Val Coal.: 2 Le Val Coal nw wi 1 Mesabi Iron . 5 Midvale Co gid 535 25 g creamery, 43a45; ladles, 32a34; rolls, 30a32; store packed, 29a30; dairy; prints, 30a32; process butter, 38a39. { CHICAGO LIVE STOCK MARKET. CHICAGO, March 17 -(United States Department of Agriculture).—Hogs— Receipts, 78,000 head; 10 to 15 lower: good and cholce 160 to 225 pound aver. | ages, 7.10a7.25; 250 to 325 pound butch- ers, 7.25a7.30; practical top, 7.30; pack- ing sows, 6.26a6.50; slaughter pligs, un- 1 changed; good and choice strong welghts, 6.006.40. Cattle—Receipts, 22,000 head; active; fully steady on practically all’ classes shipping demand abroad; killing qual jay red steers, medium to good; bulk, 3.25a10.50; early top matured steers, 32.00; average weight around 1,500 pounds; hand and weighty steers, 11,00a11.65; bést vearlings, 11.25; bulk fat cows, 4.7526.25; beef heifters, 6.00a 7.50: bologna bulls, 4.7525.00; desirable light -vealers to packers. 9.0029.50; stockers and feeders, comparatively scarce in fresh receipts; firm. Shcep—Receipts, 18,000 head; active; fat lambs, 25 to 50 higher; sheep, strong to:25 higher: feading and shear- ing lambs, 26 to 35 higher: early buik fai weoled lambs, 15.75a16.40; choico clipped T#mbs, 14.00; 0 choice fat ewes, 11.00; cholce clipped ewes. 9.50; bulk ehe: lambs, 15.50 5 ‘ofl'erlnsn. and weakness in this stock | Direct to The Star Office common. after allowing for the 5 per cent dividend on the proferred, equal 2.73 a share, compared with $1.43 in 1922, Hudson company preferrcd, however, which holds & large blook of the former company's stock, gained a point to 20. Weakness developed in Prairie Oll and Gas, Prairie Pive Line, Swan and Jinch and Vacuum Oll among ' the Standard olls, declines reaching from a half point to 4 points, while the upward movement In New Mexico and Arizona Land was checked for the time being. The one strong spot in the market was the continued buying of the pub- lic utility stocks at better prices. De- mand for these shares roflected better arnings by thess companies. The fealure in the mining group was the sharp break of 2h points In Cortez Stiver, carrying it down to 40. ‘ew Dominion Copper class A was {again active, and trading started in | Parmac I'orcupine Mines capital stock of $1 par valuo, between 60 and ————————— MINING. 10 Butte & Western, 23 Cansrio Copper. % Gancelaria Min > 4 Diamood Bik Batie .00 s Mns Lid. 8% Howe Sound Jib Cozs ... Kelly Fxt’ Mine Tor ' Cons Mines. . Loma_Prievu Mine. . Mason ¥ MeKin 1 Mohican Cop New Dominion Cop. New Jersey Zinc Sitverdale K King Div Afines Spesrhead Gold K Siewart Miney . Teck Hughes Tonopah Extei it Tonopah Min 3 Trinits Coppe: 4 United Bascern 1 Cnited Verde Ext. Divide Min . 5 Yukon Gold 'MAN “WHO NEVER GAVE” | Relatives of Late Maryland Man ' Receive $50,000 of Estate. Special Dispateh to The Star. CUMBERLAND, Md, March 17— Daniel -Albert Coughenour, who died irccently pear Hyndman, fourteen miles I northwest of here, in his will stated he had mever “learned to give” in life and makes generous bequests to several hurches. M. H. Kramer of Hyndman is named as executor. For church and charitable purposes «hares of stock in the Hoblitzell National Bank of Hyndman and $10.000 jin cash are et aside. In addition § is left 10 T2 near Hyndman, a portion of the income 1o be used for the care of his grave and the surplus for the upkeep of the cemetery. The Woman's Foreign Missionary So- ciety of the United Evangelical Church lis o recelve $1,000, and a portion of |the income is 1o be used for the sup- { port of the minister, The Bethel Evan- |gelical Church at Gravel Pit is be- catehed $1,500. Home missions of svangelical Church also get $1,000. estimated at $50,000, is left to a brother, sisters and nephews and nieces, chil- dren of two deceased sisters. Mr. 2 | Coughenour had never married and was engaged in farming. Martha Leydig, ;i‘ousekuvcr in the family, is bequeathed 00. PARK ELECTION ISSUE. ‘Will Be Voted Upon‘in Cumberland Tomorrow. Special Dispatch to The Sta: CUMBERLAND, Md., March 17.—In- jterest in the various candidates at to- morrow’s biennial municipal election proposition to buy tho Wolfe farm for 1385000 for a city park. The question 1will be voted on. ' The park proposition is fostered by Mayor Thomas W. Koon, who will be re-clected tomorrow without opposi- tion, his name being the only one on the ballot for mayor. A number of prominent citizens are actively in favor of the project. ENTERS CONGRESS RACE. Lynchburg Manufacturer Accepts Republican Nomination. Special Disoatch to The Star. LYNCHBURG, Va, March 17.— Fred W. McWane, general manager of the Lynchburg Foundry Company here, a voter in Campbell county, has accepted tho nomination of the re- ixth Virginia district. Ho was nominated at the conven- tion in Roanoke, February 5, at which time he took the matter under advise- ment. Mr. McWane was a candidate on the G. O. P. ticket two years ago against Judge Cliften A. Woodrum of Roanoke. ‘WOOL TRADING LIGHT. BOSTON, March 17 (Special).—Sum- mer_street wool markets opened the week with light trading, but with prices firm. As a result of the per- sistent refusal of buyers to buy, deal- ers have slowed up on contracting for wool in the west, a total of less than 4,000,000 pounds having been bought in the last week, as compared with some 10,000,000 pounds the week previous. NEW YORK, March 17.—The raw silk markets apparently had hit bot- tom today, for prices remained sta- tionary at Saturday's_cldsing, rang- ing from_ $6.70 for XXB down to $6.40 for Kansai number 1. The cot- ton goods: markets were quiet with prices unchanged. Print cloths were Quoted at § cenits for 648605, and 10% for 63x72s, NEW YORK EGG PRICES. YORK, March 17.—Eggs, recelpts. 11,968 cases. Fresh gathered, extra firsts, 25%a26; do., firsts, 415225; do., seconds and poorer, 24 a24(; New Jersey and other hennery Whites closely selected extras, 34%a 36; state, nearby and nearby western hennery whites, first to extras, 27a 34: nearby hennery browns, extras, 29 a30; Pacific coast white, extras, 32%a 34 'do., firsts to extra firsts, 28a32. NEW ISSUE APPROVED. The Interstate Commerce Commis- sion today announced its approval of an issue of $1.800,000 in 512 per cent gold bonds by the Portland, Me., Terminal Company. .The issue may be sold under the commission’s order at 99.25 per cent of pa S —— MONEY AT RECORD LOW.. NEW YORK, March 17.—Call money was offered in the etock market to- @ay at 3% per cent for the first time since September 20 last.. The low rate is due to the extremely light borrowing. Brokers : roported it $30,000,060 was on offer this morning with no demand. 3 barger Lutheran Church, ! The remainder of the estate, which is| is overshadowed by the fight on the! ublican party for Congress in the | THE EVENING STAR,V WASHINGTON D. NEW YORK CURB MARKET UPTURN IN FRANCS AIDS WORLD TRADE Dealing in Terms of Dollars. War on Price Control. BY J. C. ROYLE. Special Dispatch to The Star. | NEW YORK, March 17.—The appar- ent rout of the “bears on the franc” and the recovery of French exchange undoubtedly has promoted a better fecling in business circles concerned with foreign trade. The effect on American business, however, has been largely psychological, since dealings with France since the recent uncer- tain state of French exchange has been largely in terms of pounds and dollars. — American business men simply followed the same _course they pursued in the case of Russia, Ger- many and other countries. the cur- rencles of which became subject to wide and sudden fluctuations. and conducted negotiations in dollars. There still exists some doubt in financial circles here as to whether the franc situation has finally been stabilized by the arrangement of large credits here and in London, but jthis is not expected vitally to affect | exports or fnporte. i Forelgn Trade Satisfactory. The satisfactory state of foreign trade iy shown by the fact that in the last twelve months American ex- ports amounted to $4.167,946,000, a gain of $336,000,000 over the trade of 19 In the same time imports in- creased $679.000,000 to $3,791,938,000. more by the better demand for man- terfals. The wheat movement, example, has been small and the ex- port of 'food and breadstuffs in the last year has amounted to only 6 per cent of the whole, as compared with 12 per cent for ‘the previous year. Cotton exports, however, have been exceedingly heavy. The lack of influence of the fluc- tuations of the franc on not been an isolated case in the sit- uation. Argentina’s currency Is in a depreciated position, yet exports to that country from the United States have Improved by at least $10.000.000 in the last yea The ‘goods shipped (o Germany in the last year also have bulked large incomparison with other annu | tion of the mark last autumn. Clear! forelgn trade of this country is af- fected to a large extent by other influences ‘and considerations thau currency fluctuations, and exportefs and importers declarcd today that & ! would continue throughout the year | regardless of such disturbances. Much greater satisfaction was ex- pressed in manufacturing circles to- day over the faet that Secretary of minor commodities. the price of which is comtrolled by foreign influences than aver the fact that he advocated {legislative measures to enwble the American _consumers to fignt Such control. The commodities listed by 1 the Secretary as in control of foreign i combinations includes sisals, nitrate iodine, potash, rubber, quinine, uercury, coffee and quebracho. No Sisal Offered for Export. With regard to sisal, twine manu- { facturers point out that the situation has been more seriously affected by "tha revolutionary disturbances and | the communistic tendencies in Yue {tan than by governmental monopely. j _ No sisal has been offered for export | for the last six weeks, although it is expected that normal conditions will {return with the occupation of Yue {tan by government troops. Nitrates, liodine and potash undoubtedly are un- i der control of foreign influences, but the fact remains that fertilizer piants {in this country are not finding de- mand sufficient to enable them to run full time even if they were able to prices. Government _investigation _under. taken following an urgent demand by Harvey Firestone, tire manufacturer, recapturing the crude rubber market j from the hands of the British and {Dutch planters in the orient, but the price of the material now is well be- low the high points of 1923. Steel men Insiet that tin is affected {far more by the demands of the Amer- {ican canners than by foreign monop- {oly of production, and the importance lof quicksilver has declined material- 1y Coftee Cemtrel Limited. Quebracho for tanning purposes is under foreign control, but American tanners now have on haund terrific stocks of leather which they are striving with every effort to move into distribution with only partial success. Quinine monopoly is not a large factor in the foreign trade of this country, and the extent to which the government of Brazil can control icoffes prices is limited, according to H importers, by the condition of the crop and the facility with which the South American government can secure for- eign loans _— ; WALL STREET NOTES. Norfolk and Western Earns $13.85 H Per Share—Other Reports. NEW. YORK, March 17.—Norfolk and Western Raillway Company’s 1923 income was equal after preferred diyidends to $13.85 a share on $127,- 826,900 common stock, in comparison with $10.66 a share in 1922, i Caddo Central Oil and Refining Cor- { poration reports net loss of $1,023,172 {in 1923 against net loss in the pre- j vious year of §$184,091. Western Electric Company had net income of $8,919,513 in 1923, equal after taxes and preferred dividends to $14.38 a share on 500,000 shares of no par_value common' stock, compared with $5,331,793, or $2.35 a share in 1922, Heavy week end acoumulation of foreign _buying orders sent the French franc upward to a new high for the movement at 4.91 cents at the opening of the foreign exchange market today. The Safety Car Heating and Light- ing Company had its best year in 1923, with net earnings of $1,055,230, equal to $10.69 a share on $100 par valuo st $798,842, or outstanding, ageinst .10 a share, in 1923. Net revenue of the Central Power and Light Company of St Louis available for depreciation and inte est charges was $1,146,705 for the year ending January 31, as compared with $907,082 in the preceding twelve months, an increase of 26.41 per cent. February news print output in the United States totaled 117.322 and Canadian output 11,664 tons, as compared with 128,772 'and - 109,875 tons, respectively, in January. OIL ACTOION EXPECTED. NEW YORK. March 17.—The action of -Pan-American Transport Company directors in re- duclng the quarterly dividend- from 2 to §1 8 share did not surprise Wall atreet, pany’s activities, due to the low ofl sustained in development of the Cali- reduction. —— : RAW SUGAR DECLINES. }declln'ed 13 early today on sales of 15,000 bags of Cuban at 6.91. The . increased spot offerings and the disappointing action of the Lon- don market pressure in raw sugar futures, with | 9.6T4 cpvered on the decline and there was a partial rally. with midday quota- lDrIeel declining 9 to 17 points. Shorts tions 1¢ to 12 pointe net lower. U. S., However, Has Been| This export increase is accounted for ! ufactured products than for raw ma- | for ! trade bas ! | periods ‘in spite of the wild nu»m-‘l “ommerce Hoover had found but ten ! jof overcome this foreign influence on | ! indicated no immediate possibility of | as a result of improvement in the ( methods of treating ores and minerals, | tons Petroleum and It had been known for some time that suppression of the com- | prices prevailing.last year and losses [answer a charge of criminally as- fornia naval reserves, would force Ei " NEW YORK, March 17.—Raw sugar ed to renewed selling| changed. C, MONDAY, MARCH 17, 1924. EMPLOYMENT SHOWS |BLIZZARD BLOCKS SALES. GENE“AL 'NcREAsE Lynchburg Reports Active Market for Tobacco. Special Dirpatch to The Star. . LYNCHBURG, Va, March 17.—Sales on the open tobacco market here last {week were interfered with by the blizzard, the aggregate of offerings !(nr the period being 150,000 pounds, which was sold mostly during the last two days of the period. All 2 stocks found an active ~market at TFebroary markedt he first general{pigp prices, but the average was low increase since June, 1923, in employ- | because of barn floor scraps. The ment in manufacturing industries in|marketing of scraps indicaic that i ; - |many farmers have sold ou Ithe United States, it was shown to- |MGRY, TEmEn, DL 2000 BhL 01 a0 {day In statisticsy complled by the De-|pounds, the buyers are urging the | partment of Labor. Bascd on reports | planters to sell the remainder of ifrom 8,222 establishments in fifty-two | 8tock on hand as quickly as possible. Ilnduurles, there was “an increase of ST SIS PARIS MARKET HEAVY. 6.7 per cent in pay roll totals; an in- crease of 5.4 per cent in per capita| PARIS, March 17.—Prices were carnings, and an increase of 1.2 per heavy on the bourse today. Three per ent rentes, rancs 45 centimes. cent In the number of persons em-; Exchango on London, 87 francs 60 ployed. centimes. Sugar refining led in improved con-| Tive per cent loan, 69 francs 40 ditions, with ‘increases of more than | centimes. The dollar was quoted at 40 per cent In both employment and | 20 francs 44 centimes. {earnings, while the stove, stamped e ASK I. C. C. RAIL PERMIT. ware, carriage, dyeing and finiching. The Rio Grande City railway asked women’s clothing, iron and stecl and glass industries gained largely in the Interstate Commerce Commission today to authorize it to build twent t both items. The fertilizer industry gained more than 12 per cent in em- o miles of railroad between Rio ande Cit First Gain Since Junme, 1923, Is |~ Reported in Department of Labor Figures. ployment and the automobile indus- try” gained 25 per cent in pay roll {totals. FRENCH PROPOSAL REETEDBY U.S. Money to Loan Frerailiog fatercst and commission. 1 | Hughes Bars Creation of In- ternational Agency on Relief Credits. 1 . i We Buy and Sell The United States, in a formal note o Liberty Bonds to Ambassador Jusserand, made pub- Treasury Notes lic here today by the State Depari- | Etc. ment, rejects the suggestion of the Bond Department ¥rench government for the ereation ! of an international! agency to de .The Washington Loan and Trust Company jwith questions arising out of relicf credits extended to Hurepean cou 900 F Street 620 17th Street tries during and just after the world | S First Mortgage Loans war. The note was signed by See- | retary Hughes and dated December for the setuloment Lowest Bates of Interest and Commission. ing out of its ws Lo foreign Prompt Actie 114, 1923, jgovernnents for the puzpose of re- | Thomas J. Fisher & Company, Inc |Near Conn. Ave. and L St. hW' JORDAN & CO. orporated 1027 17¢h St. N.\Y. jneeded in to facilitate the iprompt and practicable solution of ising [the pressing relief problems z nclusion of the “While this government was hapi to mo-operate with the other intc jested governments” the note :aid I¥—h & view to zroviding ths nece jsary cz—7its for the purchise of b irel~7 supplies which wers so urgent jln Furope after the war. it has never been the opinion of the goverument of the United | States that it would e necessiry to| international agencs | or Tier for other purposes, as (Ris | 738 15t Btreet and stifi ¥ | belicves. that any questions that may larise in s reiard are susceptible adjustment througls existing chas ! nels. government has believed, “As the Prench government |ready been informed. the World War Foreign Debt Commission was creat- {ed by act of the Congress to mego- jtiate’ with respect to the debts owed {to the United States government by foreign governments and under {existing regulations that commission |could not undertake to exccute its {authority through any international agency.” The relief credits mentioned in the jnote have to do principally with ad- vances made by the United States o Poland, Austria, Hungary and Czecho- slovagia to aid those countries in sol ing food and other relief problems re- {suiting from the war. has al- | See Wr. Field Hedges & Middleton, Inc. REALTORS e THREE CASES PUT OFF. Cases Along to November. The Supreme Court today advanced for hearing on November 10, next, the appeals of railroad companies questioning the authority of the In- terstats Commerce Commission to fix ! |tentative valuations of their proper. ties. The case is regarded as e ceptionally important. 1 The taxability as income of the | increased value of stockholdings through the reorzanization of com- | panies is at issuc in a case brought | by Walter L Marr, which the court advanced today for hearing on No- vember 10 next. { A case of interest to land grant| railroads brought by the Southern Pacific to have determined what con- stitutes “troope of the United States” entitled to reduced fares was ad- vanoed today for hearing on Novem- | ber 10 next. ! | JUDGE PAROLES FATHER | BECAUSE OF 11 CHILDREN { Special Dispateh to The Star. BALTIMORE, Md. March 17 I Eleven children is erough to excuse the father from almost any crime, ac- cording to Chief Judge James P.{ Gorter of the criminal court. Judge ! Gorter made this statement in pa-| roling lsador Greenberg, who was! charged with selling oleomargarine as_butter. ° Greenberg has eleven calldren, the oldest of whom fs fifteen, and he said he had to strain and tug and splice the family budget in the mid- dle and then has trouble making both ends meet. He pleaded guilty, but told the judge he could not pay a fine. If he Wwent to jail the children would go| hungry, he sald. - “I am going to parole vou.,” the judge said. “Hleven children! My, My! That's a ood defense for most any crime.” So Greenberg was paroled for a year on condition that he put prope labels on all his wares at his store in the future. { GUILTY OF CIDER THEFT. Four Are Convicted and Five Are Freed. Special Dispateh to The Star. MARTINSBURG, W. Va.. March —Four men were found guilty and five were freed here on charges of steal- ing cider on a wholesale scale from a local apple by-product plant. Only one of the men was unable to pay the fine and he was remanded to jall, Officers say the thieving of the cider, which is used for beverage ! purposes, has been done somewhat { systematically and the goneral round- up was designed to break up the busi- ness. The way to success is plain—Live on less than you make. Lay money by. Invest it carefully. Invest in Our First Mortgage Loans Denominations $100 to $10,000 ! Our booklet, “A Com- i Supreme Court Moves xaum.di | t [ monsense Talk to Inves- tors,” will be sent free upon request. MORRIS CAFRITZ CO Mortgage Dept. 1416 K St. N.W. Main 617 | —_— HELD ON GIRL'S CHARGE. Special Bispateh to The Star. i LYNCHBURG, Va, March 17.—} Campbell county police have arrested C. L. Robertson of that county to in Our ¢ First ik Mortgage lting Miss Louise Foster, his xsx.;y‘llnlenep-ye Soid atop-daugnicr, He !l Notes— lalso is' charged with giving liquor, away, driving an automobile while! intoxicated and with an assault and |} battery. He has been bailed for pre- | liminary trial March 24. BUTTER PRICES LOWER. CHICAGO, March 17.—Cheese—Un- Butter—Lower: receipts, tubs: oreamery extras, 16% standards, 46'4; extra firsts, 46a46% firsts, 45a45 seconds, t4add4l4. Hges—Steady; receipts, 29.442 cases: | fircey, 21a21%; ordinary Arits, 10 Gale! i Mortgage Investment Dept. SHANNON-&-LUCH INC. 713 and 715 14th St ! | and San Fordyce. Texas, | Secured by first deed of trust ou real estate. | I Shops — Stores — Offices i il i FOR RENT I ‘.Payingfil/z&7%— P EQUITABLE Co-Operative Building Association Organized 1879 44th YEAR COMPLETED Asuets . ou o B4T55,170.52 Surplus . -e . $1248.320.98 The Systematic Way —of saving accomplishes moxst. Start an account with us mow for the future. First Mortgage Money to Loan’ On Desirable, Well Located Property 61%% Let Us Have Your Application MCKEVER-IGQSS LOAN DEPT. 1415 Eye St N.W, Subscription for the 86th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 915F St. N.W. JOHN JOY EDSON, President FRANK P. REESIDE, Sec'y. LOOKING AHEA.i) The successful investor is the one who looks ahead and acts accordingly. Looking ahead, he invests his money in an investment that is good today and good to- morrow—an investment that remains at par every day—one that relieves him of*all details and worry. Our 7% FIRST MORTGAGES —meet the requirements those who look ahead. In amounts of $250 and up. Over a Quarter of a Century 3 of 1¥ithout a Loss * B. F. SAUL CO. Main 2100 1412 Eye St. N.W. Federal and D. C. Tax Free Features Bring Gross Yield to 7.13% 'URRENT offerings of our First Mort- “gage Coupon Bonds will pay you the liberal interest return of 6149}, and at the same time give you the benefit of Federal and D. C. tax free features which brings your gross yield to 7.13%. These bonds are strongly secured by improved, income-producing property in Washington, D. C., and comply in every respect with the safeguards which have made possible our record of no loss te any investor in 51 years. You may buy these bonds in any amount, in denominations of $100, $500, $1,000 and $5,000, outright for cash or under our investment savings plan. Maturities range from 2 to 15 years. Call, write or telephone Main 6464 today for descriptive circulars. Jhe F.H.SMITH CO. Founded 1873 SMITH BUILDING 815 FIFTEENTH ST. Buying More Income Through Our First Mortgage Notes T all times, we endeavor to offer the greatest interest rate compatible with the highest degree of safety. Today we are able to offer First Mortgages with interest at the rate of 6%:% —and the borrowers’ agreement to refund the District of Columbia Intangible Tax of % of 1%, brings the yield to practically % When you consider that these Notes are of the same class of security we have been handling for over 54 years without loss to an investor, an investment of this character should prove a great satisfaction to you. Swartzell, Rheem & Hensey Co. 727 15th Street N. W. 54 Years Without Loss to an Investor