Evening Star Newspaper, May 23, 1924, Page 29

FINANCIAL." PROVISIONS MARKET AT ITS NORMAL STAGE Neither Supply Nor Demand a Fac- tor in the Regulation of Prices. FAIR SUPPLY OF PRODUCTS Report on Vegetables by U. S. De- partment Agents. Friday, ‘“clean-up” day on the Washington wholesale market, was rather ordinary, and neither supply nor demand had any effect on prices. Merchants in meat reported beef at 17 and 18; pork, 22 to 25, and lambs, 28 to 35, for both fall and spring. Jobbers in dairy products reported €888 still firm at 27, with little pros. pects of weakening. Commission mer- chants In poultry and live stock had fair receipts today, but hens still jlaved around a quarter, eggs around 23, and calves about 11 cents, Report on Vegetables, Vegetables, as reported by the De- partment of Agriculture, follow: Apples—Supplies moderate: demand moderate; market dull; barrels, Mary- land, Virginia and West Virginia, No. Winesaps, 213 inches up, 4.50a5.2 4 Inches, 3.7584.00; boxes, north- western, medium medium to large Sizes extra fancy Winesaps, mostly 2.50; fancy Winesaps mostly 2.25. Cabbage—Supplies liberal; demand moderate; market slightly weake South Carolina, barrel crates Wak flelds, mostly 2.50. - Onions—Supplies light! demand light; market fairly steady; new stock, Texas, standard crates Yellow Bermudas, United States No. 1.72.00a2.25. Potatoes—Supplie: liberal; new stock, demand moderat market alightly weaker; Florida, do ble-head barrels Spaulding Ros i'nited States No. 1, 8.7589.00; mostly 9.00; old stock, demand moderate: market_steady: Michigan, 150-pound ks Russet Rurals, United States No. 1, 2.75a2.65 per sack: New York. 150-pound sacks Round Whites, Unit- ed States 1. 2.90a3.00 per sack. Strawberries—Supplies liberal; de- mand good; market steady: North Carolina and Virginia, Norfolk sec- tion, 32-quart crates various varieties, 4.50a5.00; few higher; some fair con- 4.00. String beans—Supplies ¥: demand moderate; market weaker; Florida, s-bushel hampers green, trading siow, 1.00al.50; South Carolina, bushel hampers green. wide range in prices. 1.50a2.25, mostly 1.75 #2.00. eneral Supplies Noted. Pras—Supplies heavy; demand good; market steady for good stock: North Carolina, 5-peck hampers, large size, V0, bushel hampers, 2.25 rgi pers. small size, 2.00a2.35 quatity and condition, 1.5 cumbers—Supplies moderate; demand moderate; market steady; Florida, square bushel crates No. 1, mostly 6.00. 7-bushel hampers, No. 1, 4.50 5.50. Tomatoes—Supplies demand moderate; market steady; Florida, sixes, ripes turning, wrapped, best’ fancy count, 5.00a6.00: cholce count, 4.50a 5.00; ordinary quality, fancy count, 3.50 : Texas, four, ripes, wrapped. 2.50: : few 3.00. Lettuce—Supplies moderate; demand moderate; market slightly stronger; North Carolina, 5- peck hampers big Boston type. ‘or- dinary quality and condlition, 75a1.50: few hest, 200. Eggplant—Supplies moderate: demand moderate: market steady; Florida, pepper crates, No. 1, 4.00. “"Peppers’-Supplies light; de- mand gopd for good stock; market lorida, crates, No. 1, fair + 3.50. Arrivals Past 24 Hours and Track at 8 AM. Today. 1 Virginia freight, 3 broken ack; bananas, 1 broken car 125 crates North Carolina ey 5 kets Virginia hoat: cabbage, 9 uth Carolina freight, 167 crates Virginia boat, 7 broken'and 4 unbroken cars on track; carrots, 15 barrels Louisiana express, 23 baskets Virginia boat; celery, 1 lorida freight, 2 broken and 1 un- broken cars on track; cucumbers, 109 crates Virginia boat: eggplant,’ 120 crates Florida express: grapefruit. 2 Florida freight, 6 broken and 3 un- hroken cars on track: lettuce, 58 bas- kets Louisiana express, 58 crates Vir- ginia boat, 2 broken cars on track: mixed vegetables, 1 broken car on’ track: nmixed fruit, 1 Florida freight, 1 unbroken car on track; lemons, 1 broken car on track; onions, 2 Texas freight, 3 unbroken cars on track; oranges, 2 Florida freight, 4 broken and 3 unbroken cars on track; peas, 615 baskets South Carolina, #50 haskets North Carolina express, 003 baskets Virginia boat; peppers, 65 crates Florida express: potatoes. 5 Michizan, 3 Florida, 1 New York freight, 9 broken and 9 unbrok- en cars on track: squash, 61 baskets South Carolina express; strawberries, 2 North Carolina freight, 1,200 crates North Carolina express, 208 crates Virginla boat, 1 broken and 4 un- broken cars on track; string beans, 300 baskets North Carolina, 125 bas- iets Florida, 557 baskets South Caro- lina. 125 baskets Georgia express, 1 broken car on track; tomatoes, 85 crates Florida express. 3 broken cars on track; turnips, 265 crates north Curolina express; pincapples, 1 brok- en car on track. ALEXANDRIA. ALEXANDRIA, Va., May 23 (Spe- clal).—Ray G. Cobean, -andidate for mayor of Potomac in the elections to be held June 10, last night was robbed of a watch, pocketbook, kodak, special police badge, Masonic cards and other goods valued at more than $200. Town Sergeant A. F. Driscoll and Alexandria police are investigating the case and this morning had found no clues as to who the burgla: might he. Entrance of Cobean's St. Elmo home was gailned through a rear window. Banavas and bologna composed the loot taken from the Sanitary grocery store, King and Washington streets, by burglars who gained en- trance through a rear window wkich they broke after cutting the wire screen. Police called shortly after 10 o'clock 1ast night when the robbery was dis- covered have ‘been unable to locate any evidence which might lead 1o the discovery of the robber. No money was left in the cash drawer, it was said, and nothing seemed to iiave been touched except the bologna few moderate; fairly and rs on Apple cars on on tra and 1 unbroken | BY WILLIAM F. HEFFERNAN. Speclal Dispateh to The Bta NEW YORK, May 23.—Short cover- ing continued to have a favorable ef- fect upon curb.market prices today, but it was evident that new buying had become mére discriminating. ‘The volume of business in the Standard Oil group was again large, but the legaders did little more than hold firm at or slightly above Thur: day’s final prices. The Indlapa stock was dealt in most of the time be- tween §8 and 68%, compare " with the previous close of 58%. Stardard of Kentutky was offered down again on intimations that only the regular dividend would be declared at the coming meeting. Previous reports were that an extra distribution would be consldered. NEW YORK; May 23.—Following is an officlal list of bonds and stoc! traded in on the New York Curb Market today: Am Roll Mills 6 Anaconda Bs ...... Anglo Am ON Tia Antilla’ Sugar Tiys. Asso Sim Hdw 6 At G & W 188 s Beaverboard 8a ... Beth Bteel 0s '48 wi Beth Bomat Ta5 n y Can Nat Ry bs Cit Serv 7s B. Cit Serv 7s D...... Col Graph Ba par cfa Con Gas Bal 5%s B Cons Gas Buito 68 A Cons Baito Cons _Textiles 8 CP&B M 6igs A ‘Wi Detroit Cit Detroit General Pet 8s. Gulf Ol of Pa_ 5% Tiood Rubber 7s iut Maten $is o Kennecott Copper Lehigh V H R o8 Libby MeN & L 7 Liggett WL R E Morris & Co Tlas t Leather 8 Ohio Pow 5s W .... 3 Park & Tilford 8. Pnila Blec 65 ... Phila El 5338 Pub Sery of N J Pure Oil Co 6l4s .. 5 Sloss-Sheft fa Y 50N Y 6ln Switt & Co B Tidal Osage: Tnion E L 1 Union Ofl § B '26.. 18 Yacoum ol 7 . 25 Web Mills 8148 wi.. FOREIGN 3 Russ Govt 6148 n of 128 olvay & Ca 6s 34s B 991 27 Swiss Govt 100 Swiss Gove 3 Sales in_unity 200 Anglo Am Oil . 10 Atiantic Lobos . 40 Buckeye P L. 106 Chesebr Mfg ow wi 1 64 w0 ag 470 Prairie Ofl & 215 Prairie P L 120 Rolar Refin 50 Bouth Penn Oif 10 Bouthers P L 12800 8 0 Indiaoa .. 100 8 0 Kansas new. 1400 8 0 110 & 0 N 180 ¥ 0 N ¥ 208 0 Ohip ... 800 Vacuum O new . 6215 Sales INDEPENDENT OIL STOCKS. in hundreds. iy Citles Service ... 188 138 1 Cit Sery pfa B 6y o 38 Creele Synd ... 1 Derby 0 & Ref 10 Engineers Pet & Guif Ol of P 10 Hudson Oil . 25 Lago Pet ... Washington Stock Exchange. "33—100 at 10015, Capital “Traction Gx—$1,000 at 97. 32,000 at L 4,000 at 97, $2.000 at 97, $500 at 97, $500 at 97, $1,000 at BT Washington 'Kwy. & Elec. 45—$2,000 at , $3,000 at 72iy tal Traction Co.—4 at 03. Lanston 3 Mergeathaler Linotype—10 at 152, 10 at 153, 5 at 158, 20 at 133%, 30 at 133%. AFTER CALL. Washington Gas 6a ‘333200 at 100, 5500 £ 100, : ‘Lanston Monotype—10 at 721, 10 at at Money—Call loans, 5% and 8 per cent. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Bid, Asked. American Tel. & Telga. 4s. 98 American Tel. & Teiga. 4 Am. Tel. & Tel. ctl. tr. by Am; Tel. & Tel. conv. 6s. & : C. & P. Telephone of V Capital Tract R. Gs. Pot. Elec. Pow. g. m. Alex. & Mt. Ver. bs.... Wash., Alex. & Mt. Ver. ctfs.. Wi Balt. & Annap. & . Washington Gas 5 hington Gas 66. ‘Wardman Park Hotel 6s. STOCKS. PUBLIC UTILITY. Amer, Tel. & Tel. rights w... Amer. Tel. & T on : .-:o'n;:fl'g Wasn. Sidgmboat. . 2 Warh: Rwy. & Elec. ped Terminal Taxi com NATIONAL BA and fruit. ‘Theodore Harris will speak at the annual observance of Confederate Memorial day here tomorrow _eve- ing at & o'clock. Members of R. E. I.ee Camp, Confederate Veterans, and the Unlted Daughters of the Confed- +racy will march from their hall to {he Confederate monument, where they will place a wreath. Exercises will be continued at the grave of thirty-four unknown Con- federate dead in Christ Church ceme- tery. A plcked quartet and choir will furnish music. A salute will be fired. ‘Richard C. Haydon, principal of the Alexandria High School, has been honored by the city school board in resolutions adopted by that body neming the new high school athletic fleld, “Haydon Fleld.” This comes in recognition of the work Mr. Haydon has done both in procuring the erec- tion of the fincat athletic fleld in northern Virginia and in building up | Corcoran E i} the athletic spirit here, :Tllfll‘l::l.A.n.é'lnn. chairman of the school board, is author of the reso- lution, ——————— New Rates for Port Handlings. ~ PHILADELPHIA, May 23 (Special). L LT T Second National TRPST COMPANY. American Security & Trust. Continental Merchants’ National Bavin Washington Loan & Trust. BAVINGS BANK. Commerce and ' Savings.. 2 - B8 TalEan H o5l - National Union. v TITLE Columbla' Title. Real Estate Tit D.C. “_Raliroads enteting this port have |M established new rates for handling hipments to be loaded on and un- loaded from steamers. 'These have Dlaced Philadelphia on & parity with Baltimore, where loading and unloa Ing charges at wharves have been ab- #orbeg by, the carriers. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Ofice THE EVENING STAR, WASHINGTON, D. C. FRIDAY, MAY -23, 1924 Imperial Ofl of Canada got above 103 again, and Royal Canadian continued the outstanding feature of the inde- pendents. Properties of these two companies are located in Alberts, Canada, where an extensive developing campaign iz under way. Royal Cana- dian was more active than at any other time and reached a new high above 6. It was intimated that interests back of the buying were those assoclated with the' speculator rise in General Asphalt six years ago. Salt Creek esues came in for attention, notably Salt Creek Producers and Salt Creek Consolidated. f" Todd Shipyard made fair response to the publication of the latest earnings report. ‘Hudson Company preferred established a new high early in the day, and Hudson and Manhattan was taken at higher prices. Declaration of a dividend of $2 on Lehigh Valley Coal sales was made. 20 Mex Ol .. 3 24 Mount Prod . 19! 11 Mount Guif . 1 34 Mutusl Ol vot 'cfa 10! 18 New Bradfd Oil wi Bl 1 New Mex La 6y 10 Penn Beaver O 2 Red Bank Ofl 118 Roy Can 0 & 22 Sait Ck Coni 17 fait Ck Prod 2 Bapulpa Reflo . 17 Beaboard Ol . 60 Suostar Ofl ! 1 Superior Ol Co ‘w 1 Sup Oil Co war 31 Wileox Oll & 31 Woodley Pet . INDUSTRIALS. 3 Am L & Tract. ig Armour & Co pfd. ‘s Borden & Co. 1 Blyn Shoes Inc. 48 Cundy Prod Cor ‘'wi 34 Cellulotd Co, pfd... 1 8 Checker Cab Mtd 1, Com'w'th Pow Cor. 1% D L & W Coal 3 Doehler Die 83 Dubilier ¢ & Rad. Dunhill Intl Inc. 5.53 FHEE FPESE 2k BnaliBan: B2, Gillette 8 R.. Glen Alden Coal 4 Hegeltine Corp wi 14 Hudson & Man B R Hudson Co pf .... FERRRSR#, wer sec. . 1 Lehigh Valley Coal 23 Lehigh v C new wi 115 Nat Tea Co % NX, Tel Coptd " Radio Corp ... 5 Radio Corp pfd 20 8o C & T new .. 1 Bwift & Co ... 1 Thompson Radio ‘wi 1 Toh Prod Exports. 1, Todd Ship .. * “nion Carbide 3 u_Shoe Mch Corp 36 S Lt & Heat... Ward Bkg Co B wi '16% MINIA Bl Osk Gold Mines ‘anario Copper .. Cent Amer Sines Cortes Silver .. 1 Cresson Gold. 70 Diamond Rik Butte . 2 Engincer G M L 1 16% 20 France Gold Mines .15 30 Hardshell Min ... . 110 Harmill Div o8 2 Hollinger 1 Hec 100 Independence ‘L. 1 Jerome V. Deve 130 Iib Cons ... 53 Kay Copper Corp 30 Lone Star ... . 30 Lorrain _Con' Mines . 10 McKin Dar . EESTL LT L §? Plymout Red Warrior . Rocky Mta 8 R 10 Rocky Mta 8 R pf 60 Silver Hoen Mine.. 1 Teck Hughes 11 Tonopah Ex 10 Tono_Midwa; 20 Tri Bullion 2 United. Easie WALL STREET BRIEFS. By the Associated Fress. Loadings of revenue freight in the week ended May 10 totaled 09,187 cars, a decrease of 4,853 under the week before and & decrease of 65,554 under the corresponding week last vear, the American Rallway Associa- tion reports. Since January 1 car gs totaled 16,909,711, against 364 in the same period of 1923, A large offering today was $10.- 000,000 State of Minnesota bonds for rural credit purposes, divided into 414, 4% and 4% per cent {ssues at prices varying from 98.33 to 104.90. Accumulation of back dividends on the preferred stock of the Amalga- mated Sugar Company have been cleared up by decleration of a $5 divi- dend, pavable August 1, which 1 filu%el the regular $2 quarterly div end. The Carnegie Steel Company h awarded a contract for more t 31,000,000 to the Westinghou tric and Manufacturing equipment for a new structural steel mill in the Homestead group. Thr of the steel company’s steam-driven mills at Munhall are being dism tled and replaced by two large elec- tric mills, Profitable earnings continue to be reported by utility companles for the year ended April 30. Commonwealth Power had a balance of $2,639,123 aft- er preferred dividends, more than double that of the preceding year, while Tennessee Electric Power an United Gas and Electric Power each reported substantial gains. Todd Shipyards Corporation earned net profits of $713,175 in 1923, equal to $3.39 a share on the capital stock, lnz.zum $728,074, or $3.46 a share, in The financial district expects that the annual report of the International Mercantile Marine Company, to be Is- sued soon, will show another deficit, but one smaller than that of 1922, when the deficit was $4,735,000. A change for the better is reported to have occurred since the first of the r in the affairs of the company, however, it having earned a substan- tial margin above fixed charges in the last three month: Large earning power has been add- ed to the Missouri Pacific through f recent acquisition of the New Orlean: Texas and Mexico railway, which had its best year in 1923, with net in- come of $2,428,153, against $1,721,793 the year before. Surplus after divi- dends and _betterments of $580,940 was more than double the figures for 1922. The road's excellent showing nerally was attributed by G, H. ker, chairman of the board, to etter busines: Gross April revenue of the Western Pacific_increased 16.45 per cent over April, 1923, the total for the first four months of 1924 also showing & gain of 9.75 per cent. STOCK ISSUE.TO EMPELOYES. CINCINNATI, Ohio. May 23.—A 600,000 stock dividend distfibuted as a 100 per cent dividend by the A. Nash Talloring Company ~will be given to the employes, Arthur Nash, president, announced today. While he plans’ for its distribution among employes, he retains the voting power -of this stock .for five years, until he can train the - employes to take over the company. Nash an- nounced that he desired to-distribute the stock dividend so that every em- ploye may own at least four shares. The par value is §100 a share. RAILWAY BOND ISSUE 0.K.D. ‘The New Orleans, Texas and Mexico Rallway Company was authorized today by the Interstate Commerce Commission to issue $8,748,000 of first mortgage 5% per cent bonds - and $18,600,000 of first mortgage 5 per cent bonds. Of the issue, $7,734,000 of the per .cent bonds are to be sold at not less than 94.50 per cent of par, and 91,014,000 of the 6% per cent bonds are to be exchanged for and pledged l)l; lleu of certain eold first mortgage |BUYERS OF CLOTHING WARY, BUT STYLISH Cautious lonrdmi Quality, Yet Demanding Fashionable Patterns, Manufacturers Say. “FAIR BUSINESS” REPORTED Wages Remaining Pnirlyy Stable ‘and Prices Steady. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, May 23.—The Amer- ican family—father, mother, kids and all—is becoming & better clothed unit. more careful in style selections and more discriminating as to quality. That statement s vouched for by members of the Garment Manufactur- ers’ Assoclation after they had talked things over at their Chicago, conven- tion. They add that if the American buyer Is more discriminating he is also more cautious. Wardrobe re- plenishments are being made sparing- ly, but Mitchell F. Jamar, jr., presi- dent of the Garment Manufacturers, declares most of the clothing makers are doing a “fair business. No Large Stocks i Hand. Dealers have no large stocks in suits, undergarments, shirts or gen- eral textiles. The public is known to be none too generously supplied. But wages are remaining fairly stable, prices are steady and the outlook for the manufacturers is encouraging. It is unquestionably a fact. however, that people in general do not buy clothing today until they have to do 3. Hat men in many of the north- ern cities are complaining that the combination of a straw headcovering and an overcoat have failed to appeal to the public in spite of advertising and window displays. The Umbrella Manufacturers' As- sociation has just concluded a session in this city, held in the midst of a two-day rain, and the delegates themselves did not have an umbrella with them when they came. Weather has been a great factor in buying this spring, but manufacturers of knitted underwear claim they have not sufficient stocks on hand to meet the present demand. - Colored Shirts Popular. The demand for colored shirts has been of tremendous aid to many deal- ers and makers. George P. Wake- field, president of the National Boys' Blouse and Shirt Manufacturers' As- sociation, states his industry has overcome the competition of home- made garments by showing mothers all over the natiop that it could produce a better ghirt for a boy cheaper thau it could be made in the .home. Imports of cotton and woolen goods from abroad are exerting an impor- tant effect on the garment industry at present. Tariff walls have fgiled to keep out textiles from England and Scotland, which are sold here in competition with American goods to garment manufacturers, and many American busrs at present are in Great Britaln 1w further supplies of materials. Foreign Business Light. The garment trade has been help- ed. however. cign demand for American clothing. Australia is showing an increased in- terest in underwear, collars and neckwear, while the American form of dress’is being adopted more widely all the time by the far east- ern_countries. So far as statistical position is concerned, there appears no prospect of any decided fall in the prices of raw wools and ootton. The demand for woolens and worsteds has not been heavy, owing to the caution cited in the foregoing paragraphs, and factors in the goods situation promise to favor the buyers for the present, but the raw material situa- tion undoubtedly is tight. See Good Summer Goods Trade. Manufacturers and dealers ar counting on a splendld business in tropical worsteds and Palm Beach clothes this summer. They declare that {n view of the cold spring it is probable that the summer will be ex- ceedingly warm in many sections, and that the pride in appearance move- ment, which has been sponsored by fealers and manufacturers allke, has een such as to aid summ. sales especially. S Although some makers of silk neck- wear are doing a satisfactory bu; ness, conditions in the silk goods in- dustry as & whole are unsatisfactory, in spite of the drop in the price of the raw staple far below the high point of 1923. This, however, has en- abled manufacturers to reduce goods prices to a point which they hope will stimulate buying interest. NEW BUSINESS IN LUMBER TRADE SHOWS INCREASE Manufacturers’ Association Shows , for Last Week Gain of 6 Per Cent Over Prior Week. In accordance with the tisual sea- sonal trend, there was an iner new business in the national movement for the week ending May 17, so far as the transactions of 364 of the larger mills of the country are concerned, says .the National Lumber Manufacturers' Assoclation. This increase in new business amount- ed to about 12,000,000 feet, or 6 per cent more than the week before, and for the. first time in several months new business was,in excess of the corresponding week of last year. Shipments were slightly larger ‘than for the preceding week, but less than 1923, and production showed a slight current decrease and a very notice- able decrease from that of the like week of 1923. The unfilled orders of 254 southern pine and west coast mills were 514, 702,915 feet, as against 517,642,493 for 255 mills the week before.” Separate- iy, 132 identical southern pine mills had unfilled orders of 221,046,096 feet for the week, against 222,687,840 the preceding week. Similarly, 122 west shirts, s, [coast mills had unfilled ‘ord 298,656,819 feet, as against 294, for 133 mills & week earller. ogether, the comparably re- porting mills had shipmentes oc".% por cent and orders of 88 per cent of actual production. For the southern pine mills these percentages were, re- spectively, 104 and 101, and for the west coast mills 105 and 95. Of the comparably reporting mills 341 (hav- ing & normal production for the week 30,620 feet) reported produc- Hon 103 per -cent of yrormal, ship- ments per cent and orde cent thereof. e ere was no report this wee! the mills of the California Whl‘; “’lun’: Sugar Pine Association, the statistics of which, however, are never included In the foregoing figures. —_—— . RECEIVER IS NAMED. Preferred Pictures Corporation’s - Liabilities Stated at $800,000, NEW YORK, May 22 Judse Augustus H. Hand yestetms appointed Francis G. Conklin &8 re. Gelver of the Preferred Plotures Coe. poration. “This Tollowed the filng. of an equity suit sgainst the .company by the Standard Film Laboratories of 1lywood, Calif. According to ‘the complaint. the Preferred Blctures Corporation's M piliias "are 3616300 and its sessts LIBBY AGAIN PRESIDENT. ’ TOLEDO, Ohio, May 23.—B. D. Lib- by, gresident of Owens Bottle Company since its inception, was re- elected at the annual organization meeting of directors today., Other cers were re-elected, . by the increase in for-| COMMODITY NEW'S WIRED STAR FROM ENTIRE COUNTRY ATLANTA, May 23.—The warm weather has'brought the boll weevil out of hibernation, and the cotton flelds of the southeast show no no- ticeakle diminution in the pest hordes, in spite of the fact that last winter was the coldest since the Invasion of the w 1 started. FALL RIVER, May 23.—Prelimi- nary steps have been'taken by mill men, labor leaders and business men of New England to make cotton cloth barter week a successful stim- ulant to consumption of cotton cloth hroughout New England and other sections. PITTSBURGH, May 23.—In the pressed and blown glassware indus- try most manufacturers today are operating on a good schedule. Sev- eral plants which have been shut down have resumed operations. At Wheeling the Central Glass Company and the H. Norwood Company got back on the' producing list, with orders ahead for about thirty da: CHICAGO, May 2 ‘Unfavorable weather conditions have slowed up the dry goods market throughout this section. There has been no move to reduce prices, however, to stimulate sales. Dealers expect that with the appearance of more pleasant shopping days business will pick up briskly. MALDEN, Mass., May 23.—The fac- tories of the Boston Rubber Shoe Company here and at Melrose will close down from June 27 to August 4. This ‘will be the longest layoff in twelve years except that of 192 company Is a subsidiary of the United States Rubber Company. KANSAS CITY, May 23.—Local heatipg plant manufacturers report their &ales have shown an Increase of about 10 per cent in furnace equip- ment. There also is a good local de- mand reported for gas stoves. HOUSTON, May 23.—Shipments. of vegetables from the lower Rio Grande Vdlley to date have established & new high record totaling about 11.000 cars compared with 2,704 for the last season. Fifty-seven hundred cars of cabbage were shipped. PHILADELPHIA, May 22.—Shoe factories outside of this city are re- ported by local leather men to be showing a spotty improvement in ac- tivity. Business in shoes as & whole, they say, is running about 11.per cent below last year's production. ATLANTA, May 23.—Fallure of spring to bring a building revival is lield here to be due to conviction that lumber, brick and other building ma- terfals will be cheaper within the next shirty days. Construction per- mits, however, continue well above the $1.000,000-a-month rate. PITTSBURGH. May 23.—Oil pipe and plates for ofl storage tanks are in fair demand. New orders are run- ning smaller in most steel lines and mills are 25 to 30 per cent below the high production marks of the year. REFEREE HALTS HEARING IN $1,000,000 FAILURE Witnesses in Case of Defunct Cot- ton Brokerage Firm Refuse to Answer Questions. NEW YORK, May tefusal of witnesses to answer questions cut short the referee’s hearing yesterday into the activities of the defunct cot- ton brokerage firm of Scott, Norris & Co., which fafled last November for more than §$1,000.000. Although Carlisle Rowntree, head of the bankrupt firm, was alleged to be “broke,” it was testified vesterday by Herbert F. Joyce, manager of the bond department of a surety com- pany, that Rowntres delivered $1,500 {n cash to the surety company as col- lateral on a $5,000 bail bond. This bond was required for Rowntree's re- lease after he had been indicted last month. Two women, ofia of them a stenog- rapher earning $25 a week. furnished collateral for the bond of Earl F. Mec- Guigan, alleged to have been a part- ner in the defunct concern, and who also was indictéd, Joyce testified. He was the only witness who talked freely. McGuigan, called to testify, refused to say whether he receivi ed from Rowntree a cheok for $45,000 at the time of his withdrawal from the firm Miss Edith Adelsbhn, McGuigan's for- mer secretary. who gave her bank book as collateral on his bond, was called, but refused to Answer ques- tions intended to ascertain whether she had received large sums of money from McGui since last October. The referee was seeking to trace pos- sible assets of the firm. After repeated refusals of wit- nesses to answer questions. the hear- ing was adjourned until next Wed- nesday. CHICAGO LIVE STOCK. CHICAGO, May 28 (United States Department _of _Agriculture)—Hogs —Receipts, 35,000 head; slow; uneven; weighty butchers, steady to weak; others weak to 10 lower; receipts plentiful; maximum decline on light light; big packers inactive; bulk good and choice 250 to 326 pound butch- ers, 7.4527.60; top, 7.60; desirablie to 235 pound averages, 7.30a7.45; bulk botter grades 140 to 160 pound weight, 6.76a7.16; packing sows largely, 6.70a 6.90; killing pigs, steady to 15 lower; bulk good and choice, strong weight, 6.0086.25. | Cattle—Receipts, 6,000 head; most killing classes dull, uneven: weak to 25 lower; yearlings and piain light fed steers showing most decline; d mand narrow; yearlings numerou: outlet semi-demoralized; killing qual- ity generally plain; few fed steers here of value to exceed 10.00; best welghty steers and yearlings. 10.50; bulk fed steers and vearlings, 8.00a 9.50; plain 1ight yearling steers down- ward to 7.00 and below; ing heif- ers numerous; in-between grades fat cows unevenly lower; canners, cutters d good to choice heavy cows about eady; bulk bologna bulls, 271%55“1% n tical top stockers and feeders about A Sheep—Receipts, 6,000 head; fairly active; fat lambs steady to weak: springers, 25 to 50 lower; fat sheep weak to 50 lower; heavy kind show- ing most decline; go0od to choice clipped lambs, 14.76; cull and common offerings mostly 11.50813.50; spring lambs, 16.00a16.50; choice handy- welght fat ewes, 7.50; weighty kind mostly downward from 5.50. -— BUYS $25,050,000 WORTH. Morgan Co. Announces Investment in N. Y. Central Certificates. NEW YORK, May 23—J. P. Morgan & Co. last night announced the pur- chase of $25,060,000 worth of New York Central lines 5 per cent equip- ment “trust certificates, maturin $1,670,000 annually from June 1, 1925, to June 1, 1939, both dates inciusive. ‘The purchase was made out of a total authorized amount of $45,630,000 worth of certificates. ‘The procseds of the certificates will be by the New York Central and Michigan Central lines, the Clevelan Cinclnnati, Chlc-su and St Lou raliroad and the Cincinnatl Northern to pay for not more than 76 per cent of new rallway equipment to be bought by these roads. The equip- ment te be purch ncludes 16,278 g‘fl it cars, 306 passenger cars and ocomotives. A Morgan & Co. will offer the certificates at §100 and dividends for all maturities. Assoclated witk the em‘pll:! in the offer are the First National Bank of New York, fonal City Company, Guaranty Co ny of Now For snd Harets, Rorbes & Co. Before Yeou re G ik ‘e e TRADE IN WOOL DULL IN SEABOARD MARTS Mills Displaying Small Interest and Prices Favor Buyer, Com- mercial Bulletin Finds. 8y the Associated Press. BOSTON, May 23.—The Commercial Bulletin will say tomorrow: “The demand for wool in the sea- board markets has been decidedly slow for the most part during the past week, but, as usual, there have been a few exceptions to the general rule, and further sales of territory fine and fine medium contracts are reported at modest turnover profits. Woolen mills are displaying less in- terest than hitherto. Prices are again in favor of the buyer. “In the west buying has been sca tered and rather erratic. Prices paid in San Angelo, Tex., this week are fully on a level with prices paid in Kerrville last week, but in the north- west and in the bright wool states prices are undeniably in favor of the buyer. “London closed very lame, with much heavier withdrawals than for & long time—34,000 bales, or about 30 per cent. America bought nothing, England being the chief operator. The continental operators are rather badly situated at the moment as re- sards financ “Mohair is steady, continuing moderate.” . Carrent Wool Quotations. The Bulletin will publish the fol- lowing wool quotations tomorrow: Domestic—Ohio and Pennsylvania Dieces, delaine, unwashed, 52; haif blood, combing, 52a53; three-eighth blood. combing, 48a50. Michigan and New York fleeces, de- laine, unwashed, 48a49; half biood, unwashed, 48a50; three-eighth blood, unwashed, 47a48; quarter blood, un- washed, 45a46. _Wisconsin, Missourl New England, half three-eighth blood, 4Ga46: quarter blood, 43a45. Scoured basis Texas, fine, ‘twelve ‘months, 1.27al.3 eight months, 1.12a1.15. California morthern, 1.25a1.30; dle county, 1.10a1.15; southern, Oregon eastern, No. 1, staple, 1.28a 1.30; fine and firm combing. 1.20a1.23; eastern, clothing, 2al.13; valley, N 1, 1.15a1.18. Territory Montana, fine, staple, cholce, 1.30a1.32; half' blood combing, 1.20a1.23; three-cighth blood combing, 1.00a1.02; quarter blood combing, 8§ 90; pulled, delaine, 1.30a1.32; AA, 1. 1.28; A supers, 1.10ai.15: mohair, best combing, 75280; best carding, §3a70 DIVIDEND NOTICE ERROR. Flurry Over Announcement for Mother Lode Mines Company. NEW YORK, May An error by the secretary of the Mother Lode oalition Mines Company in reporting to the New York Stock Exchange that a dividend of 75 cents a shar 25 cents above the regular payment, had been declared on May 19 caused a mild flurry in the company's stock before it was rectified. The Mother Lode dividend meeting has not yet been held. y Lively bidding for the shares fol- lowed the announcement, running the | price up from 6% to 8%. Equally heavy gelling broke out when the mistake was discovered, and the skares dropped to 6% before closing, fractionally higher on the day. The effect of the error, for which the stock exchange offered an official ex- | planation, was seen in the day’s turn- | over of 26,100 shar as contrasted with Wednesday's transactions of 1,700 shares, cousidered a normal day's trading. with demand and average blood, 46a4 ASKS STOCK ISSUE PERMIT. BALTIMORE, May 23 (Special).— Application has been made to the In- terstate Commerce Commission by the Castleman Valley Railroad for per- mission to issie §500,000 capital stock, $390,000 T per cent preferred and $110,000 common. Proceeds of the sale of the stock will be used for the purchase of the Northern Maryland and Tidewater Railroad, which was formerly known as the Jennings Bros’ Railroad. It operates a small line in Western Maryland. Money to Loan Secured by Srst deed of trust on real estate. Prevailing interest and commission. Joseph I. Weller W LTy We Loan Money on Apartment no:l-:'-;l(:lee Bulldings, Sez Us About That Big Loan Hl‘bl: “R-mbndm. Inc. I “WHEN” buying our FIRST MORTGAGE 7% INVESTMENTS You are assured due precaution has been taken to safeguard your interet A personal inspection and conservative valuation are two of our strict requirements. Prompt and courteous service fol- low the purchase of our securities. Notes now on hand in amounts of $100 up. Send for Booklet CHAS. D. SAGER Loan Department 924 14th St. N.W. Mr. O'Donnell, Manager Mr. Hughes, Asalst. A ek G T . 139th Dlgllell The regular quarterly dividend of Twe Dollars and Twenty-Five Oents per share will be paid on Tuesdny, July 15, 1984, to stockholders of record at the close of busi. ness on Friday, June 30, 1984, ., BLAIR-SMITH. Treasurer. EQUITABLE Co-Operative Building Associafion Organised 1879 44th YEAR COMPLETED $4,755,170.53 Surplus - $1,248,520.98 The Best Way to Save Asaets .. is in & systematic fashion. Let ws tell you how. Subscription for the - 86th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING QU:{S F ST. N.W. JOHN-JOY EDSON, President - FRANK P. REESIDE, Sec’y. FIRST MORTGAGES FOR SALE THE TYPE OF SECURITY CONSERVATIVE IN VESTORS BUY "IN DENOMINATIONS TO SUIT PURCHASERS JAMES F. SHEA 643 Louisiana Ave. N.W. Wilkins Bldg. 1512-14 H St. A regular quarterly dividend of 2% per stock of Mergenthaler id on June 80. cent on the Linotype Company will be stockholders of appear at the close of busimess on June 4, The transfer books will not be closed. T. MACKEY, Treasurer. 1024, 1924, MERGENTHALER LINOTYPE CO.. Y., May 20, 1024, ‘Brookiyn, . DIVIDEXD NO.'114. pital o the JOS. record, as they 5-Room’ Suite Private Corridor and Toilet Light and sunshine demand that your sav- ings be placed where they will earn the maxi- mum consistent with absolute safety. These conditions are ideally fulfilled in our " e First Mortgage Investments $100—$500—$1,000 MO CAPRILZ: ca Main 617 1418 K Street - . Mor quiet—above the n the very center of Wa ton's busy financial ¢ FOR PARTICULARS APPLY Randall H. Hagner & Co. 1207 Conn. Ave. “E 730 17th Street 3rd door from H St from rew Tranxportation h Entire 20d _floor. WINDOW DISPLAY; DOWE and sl zinss approximately 2,000 square feet vate toiiets, eic Reasonab manent tepant Moore & Hill (Inc.) 730 17th St. rental to desirable per are these secure and dependable 642% First Mortgage Investment Notes made available to almost anyone who desires them? By our simple Co-operative Payment Plan, which provides for convenient monthly deposits while the Notes e earning in- terest for you! Denominations as low as $100 WA Constructio MAN mpany UNC- Main 35350 Better Than Gold! If you owned simply gold you wouldn't get the 61/2 and 7% interest that our First Mortgage Notes yicld. A real opportunity for investors of $100 or more. Your snvestment is secured by District of Columbia Real Estate worth double the amount of the loan. Your dnterest paid promptly the day it is due. Consult Our MORTGAGE INVESTMENT DEPARTMENT Shannon & Luchs 713 & 715 14th St. NW. Main 2345 Quarter of a Without a Loss B. . -Main 2100 F. THE MAN WHO BUYS A HOME If it is mortgaged the principal and interest of the mortgage are sure to be paid, for there is no debt so sure to be faith- fully discharged. —means to keep it. The great majority of the MORTGAGES —which we offer are placed on single dwelling houses in Washington and suburbs. SAUL CO. 1412 Eye St. N.W.