Evening Star Newspaper, April 20, 1924, Page 76

FINANCIAL. Banquet Planned in Honor q Of Washington Financiers Bankers, With Investment Promoters and Realtors, to Be Guests Tuesday Eve- ning of Better Business Bureau. presentatives of the banking, in- v and real estat Washinzton will be the b ne ment interests of uests of the ter E dinner next Tues- rdman Park Hotel N d of trustees of the au at evening at W Erill room, it announced la nizht by Joshua Bvans the board. w jr.. chairman * dinner is the result of a sug- gestion that the org: of a department in ter Bureau, fostered ers, investment banks nd realtors would facilitate th Befor You In- vest—In tigate™” movement and Wwould provide by which a0 Ereater part of public could be auickly alded in investigating when licited 10 purchase investments. work would be conducted along reads establ \nder n of Howard M. « of the bureau, who wis for- merly director Cleveland bu rean, where th e Inyest Investigate” slo nated Helpful to Investors. the pl e vutlin Dircetor will 4 organi tion o m by wh il wr nt - plove will nortunity readily ohtain about invest- ments which they m conxider- fh2 Ty hishwih the TRASE OF Geor) Washington will be given un « rtunity to differentiate between th reliable and tion in securi estion is adopted it ected a committee of financiers e appointed to advise with th board in the actual tion of an tment departn he Treasury Dlepart- ederal Reserve Board of honor. George W, of Remick, Hodges o, York investnient and wil - erve F Ruests nization the by means reetor can ori Amor next oy ques ment and the Buesi & bankers, chairman of the nk of Cleveland will and will tell of You Invest—Investigate" it has heen carried out in and in Clevelund through s bureaus Diversified Farming DI Diversificd production of grains can do more to cure financial ailments of northwest farmers than uny other remedy so far put forward, William York witer bus ussed. farming Licut. eentiy sented with Rew grade list week, ignated erniting Col promoted Harry B, from ommission Gladman, captain, p of th n des- re- his has be and officer per- sonnel th recently com- ed regiment mander of Com- pany €, 121st Eineers ¢ Company during the winter of 1918 and mai tained it at a hig stindard sinoe, al- ways keeping' his enlisted personnelLieut. up to the de strength with & high average of drill attendance. ce Nisx promotion there has been a renewed inte and enthusiasm among the men of the local rd and it that by employing the sam ods of recruiting and organization that he followed with his company the regiment will be recruited to its maximum_strength by the time of the annual encampment and that oth- er authorized units will be completed W Col. Gladmas. Lieut. iam Jorgenson en promoted to captain and 1 in commaund of Company C to the vac ry caused by the pro- motion of Col. Gladm, Second Lisut. Hugh H been ad- vunced to first lieutenant. Fxamina- tion of several non-commissioned of- last Tuesday night to itenant to il the nk. edule of instrue- d next Tuesday for the regular drill period 0 9 oclock. riffle marksman ., training regulations 150-5, 1 G and 6: 9 1o 9:45 o'clock, scout- ing and patrolling (Bond), chapters 10 1o 15 First has 1 » fill cond v in that following s tion will he follow night 8:15 { The fMlitary and naval affuirs com- mittee of the Washington Board of Trade §s manifesting interst in the work of the District National Guard 5 al.ef the committee attended the rev £ the regiment lust Tuesday, wheag edfimissions were presented (o the newly promoted officers. in an ef- fort "fo_get in closer touch with the orgumization. A short business meet- ing was held preceding the ceremony. Jient. €ol. Gladman is chairman of the committee . Julius L. Pevser viee chairman, Col. Walter M. Bastian secretary, and the follow ing ire mem- bers: Maj. William T. Gallikier, Clar- enee F. Donohue, Hugh L. Rowland, (ol. William O. Owen, Capt. Thomas A. Lane, George M. mons, Harry V. Ong, Charles V. Meehan, Gen. An- tan Stephan, Paul B. Cromlein and C B McCullar. Col. Gladman, Capt. T.ane, Gen. Stephan and Mr. McCullar ares members of the District National Guard. A business meeting will be held next week, at which time the matter of making appropriate recom- mendations to ¥he board for co-oper- ating in the new armory movement will be considered ent. Robert G. MacCartee and Maj. JJ: A MaKey of the 121st Engineers have been appointed members of a committee of the veterans of the 2d Division. A. F. F.. by Malj. Gen. Han- son B Ely, to co-operate in the new armary matter. Gen. Stephen has informed ocom- ‘commanders that the War De- P acni has ruled that the previ- etZhts, 21, will not from June 15 to 21, nof ::hdd, on :‘umunt of lack of funds ‘Prévate Thomas J. Dawson has been m:d to sergeant in Headquarters and Service Company, commanded by Cupt. Sldney Morgan. and assigned as mess srgeant. He 1s a gruduate of the school for cooks and bakers at Ayer, Mass., in 1920, and was cook in the st Company of the Comst Artil- lery Corps at Fort Rodman, New Bed- iord, Mass., during the war. He served two years in Battery D, 3d ¥teid Artillery, in the same capacity. He has a 100 per cent drill attendance aince his enlistment In Headquarters Company. Corp. H. W. Dimwddie, Company A, 12int Engineers, won sccond place in the individual milftary,champion- ship match of the National Rifle Asmoociation for the 1924 gallery rifie Weason, with a score of 739 out of a possible 750, being defeatod by only one peint. Lieut George F. Grant, Officers’ Reserve Corps, made a total ©f 740. Third place was won T Brysn of the Tth U. & with s smre of 737. Corp. e has been a member of the bunk- | meth- | Montclair. N J.. wrote in an 1y Which last night was chosen as winner of the 3250 cash prize offered by Joseph Chapman of Minneapolis for the best article offering a xolution of northwest farm problems. | Mr. Chapman, vice president of the | LS. Donaldson Company, offered (he prize as one of the founders of the American Institute of Banking. The Contest was open to a present mem- bership of 56,000 bankers, organized into 160 chapters Means to relieve for farmer: gt return, financial strin- and to give them outlined by Mr. includes: TReduce production point where a remunerative ived for the commodities Restore the market by in- iption Shift produc nnels. Reduce rail- s by carrying out transportation as provided transportation Improve \ys from (b Lakes to f of ar serviee produc reasing |tion to oth road freis | railroad lin the g times uvoid seasonul of ol, di- present deplorable dition o _th back to “the crisis of 1 said the farmer suff the hment period of production in p manufacturer d 1o ke * high enough to make whi farmers’ products low price line in consumption. rather than oduction, was responstble on, he said . Unlisted Securities Guide. The following latest “bid” and <ked” prices for uniisted securities « quoted for th idance of hold- issue BONDS. Asked | | | etn Savings | Northeast Navings Haok. District National Guard rifle team at Camp Perry. Ohio, for several vears, of the winners in the matches at Camp Simms d was a member of the A team that won the recent competition from the indoor gullery | tea representing the Navy, Regu- | 1ar “Army. ines, National { and Othice erve Corps, | The following enlisted men of CCom- [ Pany . 1215t Engineers, took the ex- wmination for promotion to commis oned grade last Tussday night: S Harbin, -Ish, Corp: William Walter A. Knight, John 1, n J. Caitabiano. Gregorio and riviate (first class) htenberg with the E Naval Academy at An- Lpolis May 10. Members of the istrict (iuard who are interested in rifle shooting have been urged to p: ticipate in the practice try-outs, which witl ult in the selection of the represent the local guard in match. first practice was held Wednes- afternoon, and again yesterday, and practice will be held each Wed- nesday and Saturday afternoons here- after ‘until the team is selacted, at Camp Simms, Congress Heights, Prac- tice will also be held on Sunday mornings. A truck will be run from tho armory, 472 L street northwest, Saturday afternoons at 4 o'clock for the purpose of taking participants to the range. It will proceed along st and B streets southeast to 11th and M streets southeast, where it will stop, on signal. All members of the District Guard who try out for the team to he se- lected and who attend two-thirds of the practices will be authorized to ac- company the team to Annapolis tha day of ‘the match. Capt. Henry I. :mn!adr, orinance department.” has reen detailed in charge of the tice and team selection. e SPANISH WAR VETERANS Dr. A. McF. McMaster, department surgeon of the District Spanish War Veterans, was commissioned first lieutenant from the District of Co- lumbia during the war with Spain and served as special surgeon in Cuba. He also rendered home service during the world war as first 1ieutenant. He has been active in the affairs of the veterans of the Distriot and was elected de- partment surgeon for the organiza- tion year 1923- Dr. A MoF. McMasger, 1924, Dr. Me- Master {s 3 mem- ber of Gen. M. Fmmett Urell Camp. The Department Council of the United Spanish War Veterans at its last meeting set the date for the annual encampment of the depart- ment for June 21 in this eity, when an entire set of department officers will be elected in addition to trans- acting the business of the organiza- tion. ~ The council also set June 7 as the date on which a banquet will be given in honor of Commander-in- Chief A. D, Alcorn of Cincinnatl. A resolution was adopted pretesting against the executive order prohibit- ing the taking up of Memorial day collections in the government depart- ments. corge Dewey Naval Camp, No. 7, has uaccepted the chal- lenge of Gen. Henry W. Lawton Camp for a match base ball game for the championship of the department, which will be played at the annual excursion of the veterans in July. At its last nmutinE Dewey Camp mustered into membership William T. Morgan, George W, Hartley, H. A. Hunley, John B. Williams and Samuel Smith. ' Acting Department Inapector Albert Michaud inspected the books The Admiral for the eflicient manner in which they oconducted the muster-in cere- monies, W. T. Cluverius, captain, United States Navy, a survivor of the Maine and a member of Richard J. Harden Camp, spoke of the practi- cal patriotism of the United Spanish War Veterans. Others who -spoke were Daniel Foley and _Clarence Brower of Harden Camp and Senior Vice Department Commander Arthur H. League of Dewey Camp, whom the bas for commander. nounced that-a / for | THE SUNDAY STAR, WASHINGTON, D. C, Foreign Affairs Dominate Investment Markets INDIA’S COTTON CROP. Total Is Less Than Fifth of Amer- ican Output. . NEW YORK, April 19.—As reviewed in the annual report of the Chartered Bank of India, Australia and China. “the cotton crop of India at 5,000,000 bales was quite normal, and it is rather interesting to note that the total cotton crop of the world is about 00000 bales. Of that Ameri- supplies” 10,000,000 to 11,000,00 India comes next w suppl 1 coming into the market to about 100,000 bales; that promising. £ the 5000.000 bales grown in akes ubout 1.050.000 and China and Japan, 1,700,000 ba Taking the ordinary current price of today for 2,700,000 bales, it means about £65.000,000, and that sum has to be found chiefly by the exchanige bank for financing the export. In fact, owing to the additional price of cotton, the extra accommodation which the banks have had to provide this year has been about 35 crores of rupees. STEEL PRODUCTION DROP. :Fiulshing Mills, nounce Increased Activity. YOUNGSTOWN, Ohlo, April 18— Steel and iron production will show another decrease next week in the Youngstown district, according to 1will schedules announced today, but finixhing mills will operate at greater production. Only forty-eight of the cighty-two open hearth furnaces in the district will be operated next week as against fifty-four this week. Another blast furnace goes the idle list with the blowing of Republic Iron and 1 Company's No. 5 furnace after a continuous run However, An- on out Nineiy-four of the TI8 sheet mills | witl compared with oights- ‘H.\,- h BALTIMORE PRODUCE. BALTIMORF Md., April 19 ( | cial).—The general live poultry | ket continues firm on all lin exception of ducks, which are There was really an oversup- Ply 0f old hens on the markets, but since th ppers have bought up the surplus market today closed steady will no_ doubt show a reaction next week. Medium to large |old hens are bringing 25 and 26 a pound, wkily small ard Leghorns sell 23" and Market for young es firm and active receipts of smooth, fat every description. Spring chickens. 1}y pounds and over want- ed at 30 and and 4 0 for leg- horns, but smaller are hard to moy. Fal smo cially war vourg ch and 30 for stas e s ducks are in but ample of pe- - the h winter chickens at 4n and 4., Sm ens are in demand at ghorns, but rough, thin 25, Choice 1. 1oderate recei poor stock, which a Pard to move, Thin ducks should be faitencd bufore shipping, as all such have to be sold at sharp dis- ounts from quctations, which range 7 to 30 for fat stock. Good demand prevails for hotn pigeons and guinea fowl 4t 45 ard 50 & pair for the for- mer und 30 to 60 each for the latter Market for dressed poultry over and “hipn onts are ot advisable, as i stock is now preferred on th market A good consumptive demand for native and nearby. strictly fresh eges prevailed this week, due to the Easter holiday. and while r n been fairiv heavy the hus kept cleaned up and clo today at a dozen. Prompt s menis arc advisable next week will be larzely a storagze proposition and the packers are critical and held stock will not bring top quotations. | Duck ezws are lower. beine quoted [ 50, with no special activity to micrket only the lan improvement this week and with |receints zenerally light the market closed firm with values a shade higher but stock must be well gruded fo com. wand top prices of 1.50 to 1 pounds and 75 to 1.00 for Maryland and Virginia McCormi, and reds, however, will not brins over 1 50 for No. <. Hundred pound ing 5 R s and y under most receipts and fairly good de- to 7.00 a barrel for the former and 4.50 to 6.50 for the latter, No. 2 stock of both slow e at 2.50 to 2.00, while culls are not wanted &t any pric Bushel baskets of both sweets and yams are brinzing 1.25 to 3.50 as to quality and condition. Receipts native and nearbyv garden truck ample for the moderute demand prevailing but market rules fairly steady at the following quotations: TReets, 1.50 to 2.00 basket; carrots. 4.00 to 6.00 hun- horse radish, 3.00 1o 4.50 bushel: 23 o 30 bushel: onions, to per 100 pounds: parsnips, 65 and 75 basket; rhubarb, 6.00 to 800 hun- dred: spinach, 50 and 75 bushel, and turnips, 40 and 50 bushel. Receipts of apples ample for al trade wants as movement is only fair and centercd on known brands of good eating variet 1.75 to 5.00 a barrel for packed stock and 50 to 1.40 per bushel baskets. Some stock arriving showing scald which are hard to move out and have to be sold at sharp con- sessions in prices. QUAKE DAMAGE SLIGHT. Earth Tremors in Mindanao Cause $5,000 Loss. MANTLA, April T3%—An _earthquake which ocearred on April 15, in Davao provinee, southeast Mindanao, cansed the collipse of several buildings and injury to two persons, according to ad- vices received by the constabulary head- quarters. Slight shocks occurred throughout the night. The earth opened from two to six inches in several places. Damage is estimated at $5,000. le, given the commander-in-chief, Al- bert D. Alcorn, June 7. Arrange- ments were made to assist Dewey Auxiliary with memorial services May 25 en board the Navy yard tug. - The services will begin at 10 o'clock 4in the morning, when flowers will be strewn on the Potomac in honor of the sailor dead. Gen. M. Bmmeti Urell Czmp re- ports marked suecess both in recruit- ing and in reinstating the suspended amd dropped members. At the last regular meeting HEverett Dufour and J. W. Kits were received in the camp by mus Urell Camp has been un- fortunafe in having lost by death four members in_the space of two weeks, W. T. H. King, J. F. Hodgson, John Busthman and Peter F. Feeney having answered the last call. These comrades were buyried in each in- stance with military honors. The camp is carrying on a booster pro- gram for the department excursion, to be heid on Santiago day, July 17. Admiral George Dewey Naval Aux- iliary, No, 3, will meet tomorrow night at department headquarters, 1 Pennsylvania avenue southeast. he membership has increased to such extent that the auxiliary has decided to hold two meetings a month instead of one, the meetings to be held on the first and third Mondays of each month. The following named were mustered in at the last meet- ing: Maugid Jackson, Virginia B. Moulden, Eva E. Fleld, Annie Bur- gess, Eva Cook, Mary E. Davis and Lillle M. Beall. Dewey Auxiliary has 125 mentbers, and President Frances M. Van Allen is making & drive for 200 by the end of her term. The meeting of the camps and aux:- iliaries for the week are as follow: Gen. Nelson A. Miles Clllg& No. Friday night, Odd Fellows' Hall, 41§ Tth street northwest; Col. James S. Pettit Camp, No. 3, Tuesday night, 821 Pennsylvania avenue; Col. John Jacob Astor Camp. No.-§, Monday night, Stanley Hall, U, 8. Seldiers’ Home; Admiral George Dewey Naval Auxiliary, Ne. 3, Monday night, 921 Pennsyivania avenue; Col. James S. fll Auxiliary, Ne. § Thureday night, Potomas HRank bulldiag, Demand for white potatoes showed | nd condi- ms are in higher | mand the market rules firmer at 4.00 | of | Week’s By GEORGE T. HUGHES, Special Dispateh to The Star. NEW YORK, April 18 fairs wors the predominating influ- ence in the investment markets of the week. There wero two outstard- ing developments. One was the un- expectedly quick acquiescence in the Diwes commission reports both by Gre itain and France, on the one side, and by Germany on ths other. sult was to produce a very favorable impression upon sentiment here. The other development was the action of Congress on the immigra- on bill and the conscquent friction with Japa an unf; vorable impr the effect w confined to th for the n Japanese loan, Clash on Japanese Interests. It was an unfortunate coincidence that the emphatic expression of re sentment on part of the Senate Against the tone of the Japanese ambassador's protest should have come on th me day that the sy dicate which offered the Japar bonds was dissolved. These Japanese bonds were offered in Februa simultaneously in London and N York, the most prominent bankers in both ' countrivs participating in the | underwriti The American issue, carrying a4 6% per cent coupon. was floated to the amount of $150,000,000 and the issue, carrying a 6 per amounted to £ 600,000. offering was well r ved in both countries and it was generally assumed that they were well pluced. The break, therefors, in the quotation, on this side at least, was probably duc to the political d velopments. ” The action of Japane: exchange supports this view. Gives Another Slam Against this incident may be set the strength and activity in French bonds. which followed the news of the favorable reception of the plan of experts fur solving the reparations problem. New high quotations for the r were reached for both the direct obligations of the French re- public and for those of French cities and provinces. It must not be as- ®uined that thire was any rush of in- tors to Luy French securities hat. if it comes. will be a matter of considerable time. On the other Foreign af- APRIL 20 Unexpectedly Quick Acceptance of Dawes Report on Reparations and Friction With Japan Leading Factors. hiteh the logical to expect urs in the wes report Domextic Investments Bettered. Meanwhile, the tone of the market for domestic investment securities wed great nrovement at the k% end. The most significant hap- nine t pturn of United States governn louns, ¢ the Tre.<ury 4 and some older Libestv 4 ords for the yeu At the same time, the demand for the high-grade rai road bonds b *h more vi orous. 1t looked agh at last At surpius o nt funds New issues, - easily. who ure natu- and wiho hive the iny provided negotiations no over epticul cstment 3 t offerings, be that desirable securitics were going into the strong boxes of genuine investors much more rupidly than they had belicved possible ie Utilities in Favor. still ar wer over industri study of the that the puk closer to the the indastrial or first grade railv. This prefe is not hard to understar ings statements make ings than do those of the utilit Regulation of the public util not feared by investors as is po legislation adverse to the railro Moreover, so far, while car load and gross earninzs of the railroads are down from the peak, there is no such decline in the business of the utilities. especially of electric light and power companies. This is not to say that sentiment toward the rails is unfavorable. That is not the case The gemeral expectation ix that the March returns, the first of which will be published the coming week, will reveal economies in operation which will more than offset any <mall de- orease in gross earnings. Industrial Outlook Mixed. The outlook for industrial oblig: tions is more hound up with busin conditions. U'ncertainty as to the in mediate future of the steel and of the automobile and afliated industries uses hesitation tion of the United States Steel Corporation di- rectors on xt dividend on the hand. thers was no longer pressure A0St the market by timid holders and traders were quick to see the | possibilities of sxpeculative apprecia- tion, The improvement did not ex- d to any material degree to ropean dollar honds in general, but some such extension would be |The Year 1924 to Da i Furnished by W. B. Hi Sales. $16.000—C BONDS, and P. Tel. of Va > Power raction nd Suburban Ry. st sorsetown Gas Light 1st Metropolitan 1. R. 1st Power 1st Power cons cc. Power deb. 6s. and Annap. ¢ Light men. 000—Wash. and Blec. cons. 4s 00— Wash. & Pot alty (long) 5s Market Culd Storag. Park €s...... STOCKS, 10,000 5,900—Wardiman | Shares. 1.840—Capital 199—Commercial Nutional Bank 10—Lincoln Nationa. Bank... —Second 416—Amer. $7—Continen 8—National S 141—Union Trust ea —Wash. Loan and Trust..... Merchants' Bank. and Trust. 5—Rank of Com. and 55 20—Washington Mechanics’ 20—Firemen's Fire Insurance 4—Columbia Title Insurance.. —Real Estate Title Insurance 263-—Mergenthaler Linotype 349—lanston Monotype 10—Security Storage Co 383 Washington Market ... 3,256—Nat. Mort. and Invest. pfd. 1—Departmental Bank 10—Chapin-Sacks &s pfd. 5—Chapin-Sacks 7s pfd. 100—Washington Base Bal FERDINAND AWAITS TREATY WITH FRANCE Rumanian King Stays in Paris. Pact Like Czechs’ Is Planned. By the Asmsociated Press. PARIS, April 19.—Kimg Ferdinand of Rumania since the completion of his official visit to Paris has not left the oity, but i3 remaining here to watch the development of the Franco- Rumanian treaty, regarding which his foreign minister. J. C. Duca, is daily conferring with Count Peretti de 1a Rocca. director of political af- fairs at the French foreign office. It is understood the treaty will be along the lines of the one made with Czechoslovakia after the visit of President Masaryk and Foreizn Min- ister Benes last year—that i3 a gen- eral pact designed to asemnre the maintenance of the provisions of the existing peace treatirs. A spokesman for the French for- elgn minister scouted today that the embryo document will contain any military clauses. He reiteratod that as soon as it is conoluded it would be made public and a copy deposited with the league of nationa GLAIMS BAD LIQUOR IS KILLING VETERANS Doctor Obtains Federal Investi- gators to Track Source Near New Haven. By the Assaviated Press. NEW HAVEN, Conn, April 19— Federal investigators are endeavor- ing to ascertain the source of bad liquor which has found its way into the bands of war veterans at the government hospital at Allingtown, just outside the city, it was learned today. Use of the liquor is declared by Dr, L. B. Rogers, medical officer in charge, to be hastening deaths among_war veterans at the hospital. Dr. Rogers is said to have asked for the investi ol': C‘. Harry T'- Btantom, Veteyans' Bumeny, . the _probe wit] e B e 41—Merchants' Trans and Storage. . common to: awiited with great interest, not o by the shareholders but by whole investment com- munity. The declaration of a sub- stantial extra would be s indicating confidence in quarter best informed as to the trade outlook, present and prospective. te on the Washington | Stock Exchange. bbw & Co., Hibbs Bldg. P to and including Saturday, April 19, Open High. 94—District National Bank ee oo 7—National Union Fire Insurance UNLISTED DEPARTMENT. 100—Standard National BaBk....oamemee s ety LIVE STOCK MARKETS. BALTIMORE, April 19 (Special)— While the live cattle market has been quiet this week, the close of the lenten season will bring an increased de- mand next week, and the market shows a firmer tone today. Trade wants are being supplied mostly at stock yards, there being very little cattle arriving on the wharves. Spring lambs continue in light ro- ceipt with demand good for fat lambs running 40 to 45 pounds. Arrival of fall lambs also moderate, and all such meet with ready sale at good. prices. uotations today at Ldght street wharf: Beef cattle, first quality, Ib., 8 to 9; medium, Ib., 6 to 7. Bulls, as to quality, Ibg 4 to 6. Cows. choice o fancy, ib, 114 to 5%; common to fair, b, 2'to 4. “Oxen, as to quality, 4% to 6%. Milk cows, choice to fancy, head, 50.00 to 75.40; common to fair. 3000 tn 50.00. Calves, veal, choice. ib, 10% to 1i; ordinary to medium, 1b. 9 to 10: rough, heavy, common, 1b. 7 to & Sheep, choice, 1b. 7 to 5; old bucks, Tb., 5 to 6: common, Ib, 3 to 4. Lamb cholee, 15 to 16+ fair to good. 12 to 14} commen, thin, 1b, 9 to =pring, as to size and quality, 18 to'20. Hogs, straight, Ib., 7 to 8; sows, Ib., 5 to 6; stags and boars, Ih.. 3 to 4; live pigs, as to size and quality. 1b.. 10 to 12; shoats, as to size and quality, b, 8 to 9. CHICAGO, April 19 (United States Department of Agricuiture).—Cattle —Receipts, 500 head; for week choice beef steers and most grades she stock steady ; other beef steers and light beef beifers, 25 to 40 lower; in-between grades’ weighty steers and light year- lings showing most decline; extreme top steers, 12.60, highest of the season ; best yearlings, 11.50; bulle, 10 to 15 lower; vealers, 76 off; stockers and feeders, 23 higher. Bulk prices follow: Beef steérs and yearlings, 8.50a10.75; stockers and feeders, 6.25a7 fat she stock, 5.50a $.25. canners and cutters, 2.85a3.90; vealers, §.00a9.50. Sheep—Ieceipts, 200 head; receipts mostly direct; few sales good - clipped lambs, 14.35; steady ; for week around 7,000 ‘direct; 176 cars fed lota Com- pared week ago: Fat lambs around 50 lower; sheep, 50 to 75 lower; top fat wooled lambs for week, 16.50. Bulk prices follow: Fat lambs, 15.50216.35; spring_lambs, 17.00a21.00: fat wethers, 10.50a12.00; fat ewes, 10.50a11.75. clip- ped lambe, 14.00a14.65; clipped ewes, 9.75a10.25. Hogs—Receipts, 5,000 head; mostly steady: bulk. good an 240 to 310 pound butchers, 7 X bulk, better grades, 160 to 210 pound weights, 7.25a7.65; few choice 200 to 300 pound averages topped at 7.65 ; packing sows, 6.80a6.90; killing pigs slow; mostly steady. bulk, desirabie strongweight, 6.00a8.35; estimated hold- over, 6,000, > slow ; seen wshing 100 hizh o - | share 1924—PART 6. METALS INDICATING EASIER UNDERTONE Steel Prices Drop During Week, Due to Competition—Copper Noted As’ Steady. By the Amociated Press. NEW YORK, April 19.—The recent evidences of a slackening demand for steel and a disposition on the part of producers (o lower prices in some directions to meet competition has given the steel market an easier undertone. At the xame time busi- nesx in certain lines, cspecially rail- road materials and structural stecl, has been quite active and manufacs turers have displayed a strong dis- position 1o oppose further price re- duction. Plg iton was quict and eaxy with some furt Copper was steady at concessions up absorbed and the pric ers wero stiffiened London. A= a r. free export move some accumulati cks abroad. but the prospects for large exports again this month and hope of & rep- aration settlement have encouraged more optimistic view of foreign re- quirements, Tin was helped by proved demand from consu hut bulk trading wius ween ers. . Monthly statistics e nore bullish. d some caginess as con- enough metal for im- cds and are not disposed te future reguirements duc uncertainty in some industrial nall offerings o have been ews of sell- advances in continued e has heen a slightly im- ne ruled steadier with a better demand from the trade. Antimony reflected lower from Chinia and was rather HELD MENAC.E TO TRAVEL. 15,000.000 Autos and 241.692 Grade Crossings in U. S. YORK, April 19—The Tim 5,000,000 automobiles und 241, grade cr in the United States have a problem that | i becoming increasingly menacing | from the viewpoint of the ra fraternity, Based on _estimates New York made Gov. Smith, offers all of the than the the class on crossings. This railroads in the coun- try. What isx worrying the raiiroad executives is who is going to foot the bill for grade crossings. The ar-| | ®ument is being strongly advanced | | that the state and the municipal goyv- eroment should pay substanti of the improvements the | rethod of speeding up work, and |protecting the citizenry. As the num- ber of automobiles steadily increase the demand for elimination of mv} crossings is expected w grow in pro- portion. and the big problem sac the railroads is where they will be able to get the new capitd' to pay | their share of this badly needed. and yet enormously expensive remedy NAVIGATION SEASON OPENS. | SAULT STE. MARIE, Mich., April 19 The freight navigation season for 24 was opened today with the pas- sage through the Seo lLocks of the teamers Theodore Wickwire. jr. and . Goodyear, laden with coal for Ste. Marie, Ont. COHONSEED l)IL DULL. NEW YORK. April 19.—Aside switches of May to July at 40 points and July to September 21 points the was Tittic t nd lard restricted pi Leading menths we 3 points net higher at the cl 9,960 bbls., prime crude prime summer. yellow spot ay closed 10.19: july, 1033 Septeml October, 1 Every Property Om Which We Place a First Mortgage Loan Is —carefully selected; conserva- appraised: followed by our established vaiued record of never having a client lose us much as a single penny in either principal or interest Notes Now on Hand CHAS. D. SAGER 924 14th St N.W. B. F. SAUL CO. 1412 Eye St. NNW, " 1ST TRUST NOTES Eight Per Cent Interest Monthly payment of interest and curtailment of principal. _Amounts ranging from $1,900.00 to $10.500.00. Secured on District of Columbia homes. All notes from one to two years old and endorsed by old and Well established D. C. Corporation. JOHN H. WRIGHT 1116 Vermont Ave. i SAFETY FIRST Last and Al:l the Time INTEREST —on our First Mortgage Notes Porticulars Upon Request GEO. W. LINKINS 1719 K Street Established 1886 | f ! | NOTICE We_have money to loan in large denomi- nations on business properties and apart- ment houses at— 5%% & 6% ‘Loan Department BOSS & PHELPS ¢ - |Realtors H T from || 'Money to Loan | Spcured Ly frst deed of trust on real estate, Prevailiog interest aud commisslon. 0se 2 420 Wash. L. & Trust Joseph I Weller Bidg., 9 & F N.W. | Applications Invited for Loans on Improved In District of Columbia INTEREST, 5% Apply to H. L. Rust Loan Correspondent The Prudential Insurance Company of America 912 15th Street N.W OFFICE SPACE FOR RENT We Loan Money on Apartment Houses, Offics Bulldingw -+ Hoteln See Us About That Big Loan Higbie & Richardson, Inc. 810 15th St. N.W. Property and Chevy Chase, M Company READY ABOUT JULY 1, 1924 923925 15th St. N.W. Facing McPherson Square Iroad || for || it || would cost $24,169.200,000 to eliminage || is more || tentative valuation of all|| Il Long Leases In the center of the Finan- cial District and just a block from the unrestricted park- ing zone, makes these build- ings particularly to those desiring ient attractive a conven- and permanent loca- tion. Reasonable Rents I intire 530 square feet and 1,300 floors containing square feet. Arrangements of the floors can be made to suit the individual requirements of the tenants. Main 2100 B. F. SAUL CO. 1412 Eye St. N\W. are asked to buy? is teilling you the truth? —when you ca always pay highest rates of all details. MORTGAGE How much real value stands back of the stock you Are you sure that the nice, honest-looking stra Why Take Chances 1 invest your money with absolute safety? Our FIRST TRUST NOTES never depreciate in va interest, and we look aiter Come in soon and talk this over with our INVESTM NT MOVIE More Dependable Leading Dealers Hand>. The facts cost you nothing Mail the Coupon Today ABBOTT SPARK PLUG CORPORATION Munsey Building v.uhi.ng!on. D. G GUARANTEED TO FIRE IN OIL TO BURN CARBON : TO GIVE A HOTTER SPARK TO GIVE A CAR MORE POWER THE “MOVIE” SPARK PLUG It Makes a Car Is an Iimovation to Car Owners ““It can’t oil because it moves” and Recommend Them Thousands of “Movie” Spark Plugs Sold Already Any automobile part, accessory or artic greater car efficiency finds a ready market among the mil- lions of car owners all over the country. An opportunity to participate in a growing Washington con- cern, having a nation wide field for its market. that promotes, ABBOTT SPARK FLUG CORP., MUNSEY BUILDING WASHINGTON, D. C. Gentlemen—Kindly fumish me with further particulars regarding the Investment eppartunity you offer in the “Movie” Spark I'lug.