Evening Star Newspaper, August 8, 1924, Page 15

FINANCIAL. VHOLESALE BUYIG * INPROVED TODAY Cooler Weather Helps Local Markets—Vegetable and Fruit Review. Cooler weather caused a slight im- Provement in early morning buying. The increased trading was not heavy, however, and dealers do not look for much improvement until the return of vacationists in the early Fall. Receipts of poultry were fairly large, more than enough to supply de- mands at prevailing prices. Decreased prices the past week served to in- crease the demand and keep receipts X moving. Egg prices, gradually soaring, are not expected to decrease to any ap- preciable extent this season. Contin- ued losses in candling keep prices up. Meat prices have undergone no change the past few days. The mar- ket continues slow and draggy, lamb being the only meat in demand. lLamb always Is a good seller in hot weather. Buiter and cheese prices were not changed this morning. Fruit and Vegetables. The daily market report on fruits and vegetables (compiled by the Mar- 4 ket News Service Bureau of Agricul- tural Economics) says Cantaloupes—Supplies light; demand &o0d; market strong; North Carolina, Ridgeway _sections, salmon tint standard 5s. best, 4.00a4.2 poorer, 2. Virginia, Norfo! section, N Crates sweet as best. 4.00; meats, ordinary quality, 2.25a2.50; Maryland, green meats, standards, 36s, 4.00. Peaches— Supplies liberal; demand good: mar- ket steady: North bushel baskets, Elbertas, belles, best, £.25; North Carol nd Georgia 6s. Belles and Elberta 2.00a2.25; some medium size, 1.; 5 bushel baskets, Carmans best, 1 1.50; some small size, ordinary qual- ity, 50a1.00; half bushel boxes, Car- mans, fine quality and condition, 1.25. Pot; Suppliex Liberal. Potatoes—Supplies liberal; demand light; market fairly steady; Norfolk ion and North Carolina cloth-top t barrels, Irish Cobblers, U. S., No. 1, mostly Virginia Eastern Shore cloth-top stave barrel Cob- ‘l;lPr U. S.. No. 1, branded, : New Jers. Irish s —Supplies ~moderate; 10 car-lot sales reported. -cts—Homegrown receipts light; hand moderate; market firm: home- wn. mostly 5.00 per hundred age—Supplies light: demand limited; market firm: Virginia, bulk, per ton, round type. 40.00. rrots—Homegrown receipts mod- demand moderate: market homegrown, 3.00a4.00 per hundred bunches. Corn—Homesrown receipts hght: demand moderate. market firmer; ¢grown. 5-dozen bags Sugar corn. 00, few higher. Lettuce—Sup- : deman . market W York . Big 10s- fair quality and condition, sme poor condition, 20a7a. Sweet Potatoes Chenper. Peas upplies moderate; demand moderate. market slightly weaker; New York. bushel basKets, Tele. Dhone: Voiatoes Supplies light: dema limited market slightly weaker; lina cloth-top stave varioti Supplies Trariet ¥acks, y varietie: 3 mostly 3.75. Tomat receipts light; d market stronger: homegrown bushel hampers. No. 1, best. 1754 250 Apples—Supplies light; demand moderate, market | firm: Virginia, ellow transparent, ome small size, 1.25a1.50. nd rrels. 00. demand lowa yellow Ontons— moderate. 100-pound S. No. 1, —Homegrown mand moderate. DROP 1S FORECAST INWHEAT SUPPLY Government Predicts 10 to . 13 Fer Cent Less Produc- tion Than Last Year. From 10 to 13 per cent less wheat than last year will be produced this year in countries of the Northern Hemisphere. the Department of Agri- culture announced today on the basis of telegraphic reports and other in- formation confirming earlier esti- mates to that effect. The production this year in 15 important producing countries, including the United States and Canada, and exclusive of Russia and China, is estimated at 2,092 6,000 bushels, compared with 2,27 901,000 bushels last year. Smaller Crop in Europe. 4 “The cereal crop in Europe is less than last year with important reduc- tions in countries consuming large quantities of hard wheats similar to our Durum varieties,” the Depart- ment of Agriculture stated. “The ab- sence of an exportable surplus in North Africa further strengthens the ket position of these wheats and outlook from the point of view of American producers is more favor- able than last year. The European demand for wheat at prices prevail- last season resulted in imports iderably larger than expectations at the beginning of the season. The elasticity of the demand in certain mportant importing countries is likely to be felt at the present price level and European imports this sea- son may not be greater than last year in spite of smaller harvests. Decrease in Production. “In the Orient, which has taken con- iderable quantities of United States and Canadian wheat and flour during he past season, the prospects are for considerably decreased production of heat. “Russian reports are as contradictory s ever, ranging from crops larger than ast year to danger of a severe famine flecting as many as 5,000,000 people. eports of crop shortages in important ex1uns appear to be well founded. “Reports of a considerable increase n the whea: acreage in Argentina are rrent, but no official estimate . is vailable as yet. —_— Before You Invest—Investigate. Ever notive that the fellows who By o st rich quick are always proke /. STEEL INGOT OUTPUT IN SHARP DECREASE By the Associated Pres: NEW YORK, August 8. —Production f steel ingots in the United States n July aggregated 1,869,416 tons, ontrasted with 2,056,466 tons in June, ccording to a compilationi of the merican ,Iron and Steel Institute. ‘he daily average output, amounting o 71,901 tons for the 26 working days f the month, was the smallest re- orted for any month since Decem- per, 1921, when the steel industry as just beginning to recover from he depression of that year. 3 For the first seven months of the ear total production was estimated t 21,518,444, against 26,858,458 tons n the corresponding period of 1923, North Caro- | LW BY WILLIAM F. HEFFERNAN, NEW YORK, August 8.—Oil shares came to the front in today's curb market. They were under pressure for a time but rallied later under leadership of specialties which had been objects of speculative attention earlier in the week. Red Bank fluctuated erratically, get- ting down almost two points under further realizing sales, but later re- tracing more than the initial loss. South American issues and Stand- ard stocks were taken up. Lago Pe- troleum and Creole Syndicate were the most active of the former group, Sales in thousands. 31 Allied Packers 8s.. 3 Alum 78 ‘25 1 Alum 7s new 7 Am Gas & Elec 1 Am Ice 78 wi 5 Anaconda 6s . 18 Anglo Am_Oil 7 13 Awso Sim Hdw 6%s 7 Beaverboard 8s .... 2 Reth Steel 7 3 Childs Co 6s. BONDS. High, 231 843 D 8 Conx Textiles 8s. 7 C P&B M 6i4s A 6 Cudaby 5%s . 6 Deere & Co Thn 12 Detroit_Edison 6x. 18 Finher Body 6s '28. 2 Gair, Robt 7s . irand Trunk 6% Hood Rubber 7x r 8 P Minn 6l4x C Park & Tilford 6. Penn Power & Lt ow Public Ser Pure Oil Co 6%3x. 3 Shawsheen 7T | | x Xw Mills 6las w FOREIGN BONDS. King of_Neth 6% Kg of N'way 6x wi Rep ‘of Teru 8 g Web Sig Oil 100 Hum 0il & WM P L ... 0 Imp Ol of Can 0 Indiana P L ... o Intl Pet Co Lid 60 Magnolia Tet rairie Ol & G enn Mex Fuel rairie L . ofin R hew. Washington Stock Exchange. SALES. Washington Gas 55—1.000 at 981, 500 at 081, Wishington Gas 6s "33—$100 at 100%, $400 5 at 94, 1 at 94, at 49%, 10 at 495, fical Estate Title Insurance Co.—1 at 154. AFTER CALL. Washington Rwy. & Elec. g. & r. 03 '33— $1.000 at BE%. $2,000 at 98%. $1.000 at 98%. UNLISTED DEPARTMENT. These securities not listed under exchange rules. BONDS. Rid. Asked. Army and Navy Club bs. Vekes Coxmos Club 4135 : 5 Commercial Club ixt Metropolitan Club 4348 Chapi Citizens' Savings Bank Connecticut Piz Co.. Christian Heurich Brewery ental Bank "Fitle Ins. o orth Caritel fove F Northeant Savings Bank . Park Savings Bank Potomac Savings Bank . Hotel Co... B ara Natlonal Hank Wahington Title Ins. C hington Base Fail ¢ Woodridge & Langdon Sav. Bi. Mones—Call loans, 5 and 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. American Tel. & Telga. 4s.. | American Tel. & Telga. 3. Am. Tel. & Tel. etl. tr. Bs. Am: Tel. & Tel. conv. Aicostia & Foromac 5. Anoroatia & Potomac guar. o ©. & P. Telephone 5. ¢ & P. Telephone of V pitai Traction R. R. Js. I and Suburban 3s. Georgetown Gas Ist Metropolitan R. R. Potomac Electric 1 O lec. Pow. . m. & ref. 7s. 108% Wash.. ‘Alex. & SMt. Ver. 35.... 30 ah; Alex. & Mt Ver etf. 28 ash;, Balt. & . hington Gas 5. ashington Gas 6x fwy. & EI Rwy. & Elec. 6 MISCELLANEOUS. . C. Paper Mfx. 6s. Riees Teaity_os (long). Riggs Relty 58 (short) Southern Bldg. 6%s. Wash, Mkt. Cold Storage Wardman Park Hotel... STOCKS. PUBLIC UTILITY. Ameriean Tel. & Telga. Capital Tract] Torton & Wash Rwy. & Elec. com Rwy. & Elec. ptd 1 Taxi com. NATIONAL BANK. Wasl Te capital Columbia Commerciai Distriet . Farmers Federal- american P Sl Second National Bank of . TRUST COMPANY. $ud BaEE.E FIRE INSURANCE. Amerlcan . Corcoran,_ 's . Hirrioaal Usion TITLE INSURANCE. bia Title . S Eatate Titie. MISCELLANEOUS. . U, Paper pfd.. . l‘mhn'.-' ‘r‘-hr & Storage. Mergenthaler Linotype . National Mortz. & Int Old Duteh Market com. Old Duteh Market pfd. NEW YORK CURB MARKET Recelved by Private Wire Direct to’The Star Office large blocks changing hands ‘at im-| proved prices. Prairie Oil ai Gas at 215 gained over 3 points, and Solar Refining moved up 32 to 185. - Philllps Petroleum new common and the ri hts to subscribe to the new stock were admitted after mid- day, the latter being dealt in around 55 and 60 cents. The new issue of no par stock is o be offered to stock- holders at $32 a share, thc proceeds to be used to reimburse the treasury and to pay off current indebtednes: Further selling came into some of the radio shares, Dubilier getting down 3 points before support was met. Ware lost more than a point, while others were for the most part tractionally lower. Sales INDEPENDENT OIL STOCKS. in hundreds. 10 Big Indlan Ol 6 Carib Synd % Cities Servi 1 Cities Service 3 Cit Kery pfd B . $1,000 Cit Serv _scrip. 55 Creole Synd 1 Gulf Oil of Pa 40 Hudson o1l Ohio Ranger Penn Beaver Oii Pennock _0il Plerce Pet . Phillips Pet rtw wi . Red Bank Ol new Roy Canad 0 & R Nait Cl Salt Ck Prod Turman Oil Oil of Cal D’ Woodley Pet ... 10 INDUSTRIALS, Adirondack Power. 33 Allied Pack new .. Am Cot Fabric ptd 1Am G Bon58.2an8n amB88a. @ Rorden & Co Burroug] Bkiyn Cits R K... Centrif Tron Pipe teett} o ¢ \ip new wi A p B tr nw wi 1 Cleveland Auto 4% Commonw Pow Commonw I Co pfd Curting Assets Corp Dochler D C Co wi Dubilier ¢ & Radio Durant Mot . 3 Du Pont Motors. Elec Bond & Sh pf. F&W Grand Stx wi 3 Film Inspect Mach. Foundation Co pt % Gilletre = R, Gen Motors new wi 3 Glen Alden Coal (ioodyear Tire. Hazeltine Corp wi. Heyden Chemical 3 Hudwon & Man R Hudson Co pfd. Imperial _Tobace Leligh Power xec. 2 44 wEE BabSiE25 3! FOREERE 3 15 ptd .. mn Co A pf wi.® dmn Co vt tr ef wi "hila Elec Pyrene Mfg . Radio Corp . Radio Corp pfd ... Radio aw A'wi Iepublic Ry & 'Lt 3 Radio new Repetti Cand; Iteo Motor - Rova Rad Co Sil Gel Prn vte wi S0 C & I pew..... Southern Cal Pub & - Tobacco I'rod Exp, Tnion Carblde CUnited Bakerles. . United Bakeries pi United G & E new Ward Bak Cor B wi Ware Radio Cor wi MINING. Black Oak Gold M. . Con'Cop Minen Cons Nev [tah Crown King_Cons. Diamondfid Bl But Divide Extenxion. rolores Exper o . Flo_ Goldfield Mine Eouromar e 3 Heclu Mine 130 Independ Lead 79 Jib Cons . 25 Kay Cop Cor 55 Kavx Dheise 0 Tone Star .. 30 Lor 8il Nyn' Ltd 1 Mason Val McNamara URNIMAT e Sonican Cop New Cornel New Jersey Nnirlh(lhln! o Ohio Copper Plymouth Le 2 Premier Goid Min' Ray Hereules Ins. Red Warrior . Rocky Mtn 8 & Ref Rocky Mt'S & R pt Ruby Rand Mines. Rilver Horn Min Silver Pick . S0 Am Gold & arhead Gold %ck Tughes Tomo Heimont Tonopah Extens. Tonopah Min Tonopah Nor Star ‘ited Verde Ext. Bo EIBE F TR e $R R R 20 R (- B b IS Weyt End Ext COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY PITTSBURGH, August 8.—Steadily increasing business features the operations of the glass industry here. MADISON, Wis., August 8—Em- ployment in the Wisconsin paper mills show a slight gain for the past month, indicating that production is maintained. Wages have declined in small amount. HOUSTON, August 8.—The condi- tion and progress of the rice crop on the Texas Coast is reported good, al- though there has been some shortage of water due to heavy evaporation. The acreage is aboul 156,000, or 2 per cent less than last year. NEW ORLEANS, August 8.—Orders for Fall shipment of dry goods and notions show marked improvement and this month is expected by whole- salers to be the best of the year. CLEVELAND, August 8.—The Otis Steel Company is operating at 50 per cent of capacity, but may increase output soon, according to officials. BOSTON, August 8.—A local dealer in sheepskins reported today he had s0ld more hides this week than in the past four weeks combined and more than in any similar period since the war. Luray “Merchant Prince” Dies. Bpecial Dispateh to The Star. LURAY, Va., August 8.—John W. Grove, the “merchant prince of Lu- ray,” about 80 years of age, is dead. For 40 years he, with his brother, Charles H. Grove, had engaged in the mercantile business in Luray. Mrs. Grove has been at the point of death at her home for several weeks. The burial will take place in Green Hill Cemetery. —_— City to Open New Pool. Special Dispatch to The Star. = LYNCHBURG, Va., August 8.—The city will open & new swimniing pool in Riverside Park tomorrow. It is 216°by 70 feet and is built in & wood ed section of the new park. cit; pool at Miller Park di days has averaged WISCONSIN UTINTAXI FARES MAKES CABS HUM Tremendous Increase Noted in Patronage—Women Best Customers. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, August 8.—New York has developed taxibitis and the epl- demic bids fair to spread to other cities. The first symptoms of this com- plaint made their appearance at the same time a larger number of the taxicab companies and operators re- duced thelr charges to 20 cents a mile. Millions of taxicab men differ widely as to whether the reduction in fares has been a profitable move so far as cash receipts and profits are con- cerned, but all agree that undoubtedly it has stimulated the “riding habit.” During the recent hot spell swelter- ing citizens unable to obtain comfort in their homes have spent hours at night riding about the parks and streets in a cab-created breese. At times 1t has been almost impossible to obtain a cab in the neighborhood of Times Square and other centers where formerly empties were visible on every hand. Taxis Line Beaches. A constant string of taximeters has lined the roads to the Long Island beaches, and the road to Coney Island has been congested with cab riders day and night since the hot spell began. Resorts 20 and 30 miles from New York in New York State and New Jersey now are visited con- stantly by taxi parties, who find that the cab fares for a party of five or more amount to little more than the regular railroad fares. Much of the effect of the reduced rates, however, is psychological. short hauls, the new rates effect a comparatively light saving, but the idea of “bargain” rides undoubtedly has made a wide appeal, especially among woman patrons. Many of these have found that expenditure of a relatively small sum for a cab in which to conduct a >hopping expe- dition effects a savings of nerves, discomfort and wear =nd tear on clothes and make-up incident to tke subway crush. Misleading Signs Gome. The feminine patrons are given chief credit for the abolition of mis- leading signs of some taxi drivers. These carried the words, “Twenty cents a mile,” in large letters, but added the statement in small type that the owner could not afford to operate his cab at that rate. Many Women enticed into high-rate cabs by such signs immediately called police- men and the signs soon disappeared. The question of maintaining the lower rates still Is being vigorously debated in cab circles. Some com- panies declare that the low rate has cut idle cruising time from 50 to 60 per cent, with consequent betterment of receipts. One company has decided to make the rate 20 cents for the first half mile and 10 cents for each half mile thereafter and some still stick to the 30-cent rate. The latter declare that profits are impossible at the lower rate. Drivers Oppose Reductions. The drivers themselves, however, seem generally opposed .to the re- duced fare. One man who owns his cab declared today he could see no profit in hauling a crowd of five 20 miles into the country at a price of $4 and running back empty. Others complain that the reduction in rates has also produced a reductlon in tips, which form a decided item in the re- ceipts of some drivers. : The busses have also enjoyed in- creased patronage during the heated spell, and on rurs where it has been customary for these vehicles to “wait for a load” they are now making far more daily trips that formerly. The craze has extended even to London, where last Saturday and Sun- day the motor busses handled a total of 5,200,000 passengers, of whom 3,600,000 were carried Sunday. Reports indicate that the increase in the -“riding habit” in New York has been sufficiently impressive to bring about deep consideration among taxicab operators in other cities con- cerning similar reductions. This trend has been augmented by the stricter enforcement of parking regu- lations in congested streets which has compelled drivers to cruise for cus- tomers rather than wait idle at dif- ferent stands. DIES OF BROKEN NECK. Hospital Physicians Fail to Save Farmer After Fall. By the Associated Press. CUMBERLAND, Md.. August 8.— Arthur B. Wilson, 64 years old, Moorefleld, W. Va., dled at Western Maryland - Hospital here last night after having been treated for a broken neck. Sunday, July 27, he fell from the hay mow at his home and struck on his head. His wife and one son sur- vive. — RETAILERS OPTIMISTIC REGARDING FALL TRADE Special Dispateh to The Star. ST. LOUIS, August 8.—Delegates Here for the convention of the Amer- jcan Retailers’ Association are opti- mistic over the outlook for fall trade and expect further {mprovement dur- ing the Autumn. The encouraging features, they say, are’ the easiness of money, higher grain prices, the checking of over production in nu.nx lines and the low stdocks now helk by merchants. —_——————— SILVER HELPS COPPER. NEW YORK, August 8.—Wall street Dbelieves that any improvement which might develop in silver through an organized foreign outlet would great- ly benefit many of the copper com- nies. Anaconda, Utah, American elting and mflnlllg Co. ‘and others were included in this category their copper ores carry varying pre: cious metal values, For | l | properties. it it 4 L [ RS & 0.IS NCLUDED INBE RAL NERGER Nickel Plate Consolidation Has Reached Definite Working Agreement. BY the Associated Press. NEW YORK, August 8.—Formation of a new “Nickel Plate” company, in which the Van Sweringen interests of Cleveland will consolidate the Erie, Pere Marquette, Chesapeake and Ohio and Hocking Valley railroads with their present “Nickel Plate” system, has been agreed upon in a series of conferences between the railroad magnates and bankers for the various roads, according to an unofficial report in Wall street. The main features of the merger plan as outlined were given credende by in- terests closely identified with the roads involved. Control of the companies be drawn into the mammoth ckel Plate” system, according to the re- port, will be acquired through an ex- change of stock and leases of physical Terms of the exchange of shares have Leen accepted by the larger stockholders of each road, and after approval by the various boards of directors the Van Sweringens will make an offer to stockholders later this month. o Plans for Exchanging Stock. Present plans call for the division of the new company's capital struc- ture into two classes of stocks, cumu- e preferred and common, both to pay dividends of 6 per cent. General terms have been outlined for an exchange of shares. Under this program it is understood that holders of Erie first and second pre- ferred stocks will receive 50 per cent of their holdings in preferred stock of the new company. Common stock- holders will receive 40 per cent in new common shares. The exchange basis for Pere Mar- quette stockholders has been fixed at 90 per cent for the preferred shares and 85 per cent for the common. Pere Marquette prior preferred will be ex- changed on a share-for-share basis into mew preferred, thereby gaining 1 per cent in dividends. Basis for C. & 0. Holdingx, Holders of Chesapeake and Ohio 632 per cent preferred will receive 115 per cent in new 6 per cent pre- ferred, giving them a return of 6.90 per cent, against an existing .limit of 6.50 per cent. This road’s common stock will be exchanged on the basis of 55 per cent in new preferred and a similar percentage of new common, increasing the net return of holders from 4 Der cent to 6.60 per cent The return on Hocking Valley com- mon shares, 90 per cent of which are held by Chesapeake and Ohio, will be increased from 4 to ¢ per cent by exchanging themfor equal amounts of new common and preferred. BIGGEST RAIL MERGER EVER. $1,500,000,000 Deal Outrivals Deeds of Gould and Harriman. NEW YORK, August 8.—The World today says: The largest railroad merger in his- tory, Involving combined capitaliza- tion of more than $1,500,000,000 and close to 11.000 miles of line. was out- lined last night by bankers associated with Orris P. and Mantis J. Van Swer- ingen of Cleveland, owners of Nickle Plate system. S The consolidation, outrivaling any- thing done in the days of E. H. Har- riman or Jay Gould, calls for the for- mation of a new company and the ab- sorption of four railroads by the New York. Chicago and St. Louis. Atlantic Seaports Obtained. ‘With acquisition of Pere Marquette and the Erle the Van Sweringen brothers have achieved what seems to be only an immediate aim—the cre- ation of a great railroad system stretching its network of lines from the important gateways of the West— Chicago, St. Louis and Peoria—to the Atlantic seaboard and rivaling in point of mileage the leading carriers in_this territory. They will not stop there, in the opinion of those who are best able to estimate the vigor which they have brought to their enterprise. Wall Street guesses they will go far beyond present accomplishments, even 'to creation of an eastern terminal in New York and a western terminal on the Pacific coast, opening a route across the continent for which the best efforts of other days were spent in vain. . Started as Newnsboys. The story of the Van Sweringen brothers is one of romance and achievement. As financiers talk of the doings of these men they marvel at their nerve. “How do they do it?” is the question on the lips of every one connected with the railroad busi- ness. The story of the rise of these Cleveland magnates, as a matter of fact, reads like Horatio Alger or Oliver Optic. Both started as news- boys. Barefooted, they sold papers on the streets of Geneva, 40 miles east of Cleveland. Today, worth many millions of dollars, they both are under 45. Orvis is 43, Mantis 41. Family circumstances never per- mitted either boy to have other than a_common school education. But by diligent reading and through the school of experience they dug out an education for themselves. Their mother died soon after the family moved to Cleveland. Orvis and Mantis obtained work as office boys. Later they entered the empioy of a real estate company and thus found opportunity to invest their savings in land. & One day they acquired 2,000 acres in what now is known as the Shaker Heights district, far from t.e settied residential district of the city, and lasked the Cleveland Rallroad Co. to extend its tracks. When this was re ised they borrowed additional capital and built a line of their own, with the result that city cars ran straight to the property. To make the story short, they ‘cut out lots, built streets and sold the property in bits at enormous prices. as|The deal made the Van Sweringens ‘wealthy and led to eventual pur- chase of the old Nickel Plate. I |}| OPITYSBURGH PHILAD Cleveland | ill, Il I i iy M i SHARKS PLAY HAVOC WITH FISH, VIRGINIA TOLD Cemmissioner Lee Says Destruction Off Coast Hits Shad and Herring Supply. NORFOLK, Va., August 8.—Sharks off the Virginia-Carolina Coast de- stroy more fish in 3 day than all the nets in Chesapeake Bay catch in a season, according to W. McDonald Lee, Virginia fisherles commissioner, speaking before the Norfolk branch of the lzaak Walton League of Amer- ica last night. Mr. Lee referred to the crusade against the owl and hawk and other destroyers of game and advocated similar protection for fish that swarm in schoois up the coast. “I have been off the North Carolina Coast,” Commissioner Lee said, “and have seen miles of mangled shad and herring floating along the surface of the water. These fish, in their jour- ney toward their haunts in Chesa- peake Bay, frequently run into schools of sharks, blue fish and mack- grel and are mutlisted by the mi- on. He attributed the recent scarcity of shad and herring to these marauders of the sen. ROCKVILLE. ROCKVILLE, Md., August 8 (Spe- cial) —Michael Hurdl?, a young resi- dent of Kensington, this county, was t taken to Winchester. Va., by Sheriff Pannett of that place, to an- swer a charge of forgery. It is rep- resented that severay months ago he and a companion obtained $8 on a forged check. Licenses have been issued by the clerk of the circuit court here for the marriage of Marshall D. Clagett, 26, and Miss Mary J. Wheeler, 25, both of ishington: Clifford C. Moorhead, 23, and Miss Virginia J. Thornton, 18, both of Washington; Milburn S, Wa- | ters, 24, of Germantown. Md., and Miss Olive M. Griffith. 23, of Gaithers- burg: Albert I. Beck, and Miss | Kathleen A. Kirckner, 13, both of Baltimore. | Because of the greatly increased use of water, as a result of the exist- ing drouth, Rockville’s water supply is being taxed to the limit, and the pumping station is being run night and day to keep sufficient water in the distributing tower to meet the needs of the town. Ordinarily Rockville consumes about 50,000 gallons a day, | but for some time past the amount used has averaged around 65,000 gal- lons each twenty-four hours. The big increase is, it is stated, due to the watering of lawns, flowers. etc., and M. r Charles C Holland has ap- pealed to the citizens to refrain from the use of any more water than is ab- solutely necessary until the drouth is broken. Gilbert D. Wilkerson of Bethesda, recently appointed a member of the county police force, has been made a deputy sheriff by Sheriff Clay Plum- | mer, as has Daniel L. Snyder. Gov. Ritchie has appointed Mrs. Jessie M. Hunter and Miss Maude W. Johnson notaries public for the county. All | have subscribed to the oath of office before the clerk of the circuit court here. Meivin H. Martin and Miss Thelma | F. Lipscomb, both of = Highlana | Springs, Va., were married in Rock- | ville by Rev. John R. Henderson, for- | merly " pastor of the Presbyterian Church, as were William E. Jordan | of Middleburg, Va., and Miss Sadie L. Huft of Rectortown, Va., both cere monies taking place at the home of the minister. In appreciation of the work of the volunteer fire companies at Silver Spring and Rockville in fighting fires at Brookeville, this county, and prob- ably saving much property from de- struction, citizens of that town sub- scribed $75 and equally divided it be- tween the two departments. The clerk of the circuit court here has issued a license for the marriage of Joshua Lynch, 29, of Cropley, this county, and Miss Thelma L. Gooding, 18, of Great Falls, Md. With Bethesda and Boyds tied for first place and Rockvilie only two games behind, and with but 10 more games to play, the championship race in the Montgomery County Base Ball League has aroused keen interest in all parts of the county and the re- maining games, especially those n which the three clubs mentioned meet each other, promise to be hotly con- tested. The 'directors of the Montgomery County_Agricultural Society have se- lected Walter Cashell for chief mar- shal at the annual four-day fair to begin here on August 19, and those who will serve as his aides are, apcord- ing to announcement by President Gilpin, Thomas A. Barnsley, Robert Allnutt, Kenneth Barnsley, Robert Chichester, Samuel Cashell, James W. Brown, Frank Cashell, Edward Snow- den, Ridgely ~ Chichester, Charles Brown, Everett Beall, James W. Barnsley, T. T. Barnsley, Philip Darling, Otto Hewitt,” William Gil- pin, Robert Green, Edward Wooton, Maynard King. SHORT TERM SECURITIES. (Quotations furnished ty Redmond & Co.) ——Close.— Bia. Ofer. Aluminum Co. of Amer. 7s 1925, 108 108% Aluminum Co of Amer. 7s 1988, 1071, 107% American Sugar 0s 1387....... 99% 100 American rel. & Tel. 6s°1935.. 114 ‘Anaconda Copper 68 1929, © 1081 Anglo-American Oil Tis 1925.. 102 Associated 0il s 1035, 100 Bell Tel. of Uanada 5s 1935.... 98 Canadian Northern 5 1 Central of Georgia 6e 102 Central Leather 5s 1925. 5 Mil. & St. Paul 6s 1834, 1. & Pre. Gs 1926... & L 1st 5e 1927 R Fisher Body Corp. Gs 1927. Fisher Body Corp. 6s 1 Goodyear T. & R. 8s 1031....00 Great Northern 7s 1936, 11 Guit Oil Corp. of Pa. 5te 1928, Humble Oil 5%s 1932 S Swift & Co. Tidewater Oil 63 1931, Union Tank Car 7s 1930, U. 8. Rubber 7%s 1930. Western Union 6%x_1936. Westinghouse E. & M. T Wheeling Steel 6s 1026, BUTTER PRICES HIGHER. CHICAGO, August 8.—Butter— Higher; creamery extras, 36%a36% standards, 36%; extra firsts, 35a3 firsts, 34a3414; seconds, 32a33. Egi er; redeipts, 18,301 cases; firsts, $3a33; ordl 26%a7, FINANCIAL. UNEARTH SKELETON OF WOMAN- SHOT Body Found on ‘Site of Norfolk House, Recently Razed, Indi- cates Old Crime. By the Associated Press. NORFOLK, Va. August 8.—The skeleton of a woman with a bullet hole through the skull was unearthed by laborers on Granby street near Lafayette Park yesterday. The bones were only about 18 inches under ground and were in such a position as to indicite the body had been doubled over and crammed down into the shallow hole. The grave was beneath a recently razed house and is believed to have been there for a number of years, though the house was built not more than 10 years ago. The police are searching back into the records of unsolved murders in an effort to obtain a possible clue to tbe identity of the woman. iy EXECUTION IS DELAYED. Virginia Negro Given Time for Ad- Justment of Appeal Tangle. Special Dispatch to The Star. RICHMOND, Va., August 8.—Bossy Pattesson, negro, of Petersburg, Va., was scheduled to die in the electric chalr today, but received a respite. Patterson i charged with having killed Irving Seid, a merchant, more than two years ago. He and his friends retained J. D. Hank, jr., as- sistant attorney general, to "appeal the case to the United States Si preme Court, and the necessary ma- chinery had been set in motion to this end. Then Mr. Hank died two days after he had notified an assist- ant that he would move the appeal to the United States Supreme Court. Gov. Trinkle was informed of the state of affairs and suggested that there be a delay of the sentence in order that there might be opportun- ity for the appeal by other counsel, and upon this statement the governor extended the time to October 10. TO THE POLICYHOLDERS OF THE PRUDENTIAL NCE COMPANY OF AMERICA NOTICE is hereby given that a meeting of the _policyholders " of . THE i be beld at the Home Office of said Company in the City of Newark, New Jersey, on Mon day. the First day of December. 1924, at tweive o'clock noon, for the purpose of select- ing four persons to be voted for by the policy- holders’ Trustee as members of the Roard of Directors at the annual election of Directors of the Company to be beld o the Twelfth day of January, 1925. every policyholder of the of the ‘age of twenty-one nd_whose® policy bheen ome year Iast past shall be_entitled to cast one vote in person or by proxy. EDWARD D, DUFFIELD. President Money on Hand To Loan on First Deed of Trust Improved Property Only JAMES F. SHEA 643 Louisiana Ave. N.W. FEDERAL-AMERICAN NATIONAL BANK RESOURCES $13000.000 @IS F ST Jonm PooLe Presmenm Arnold Guaranteed Arneld Guara afford a aafe veatment for surpl They are necured by first mort. impreved income real entate and homes, and are a di- rect obligation of Armeid and in amounts of $100, 3500 and $1,000, to run for term of 2 to 10 vears. Send for Booklet K-1 ARNOLD AND COMPANY Incorporated Capital and Surplus, $1,250,000 1416 Eye Street N.W. Telepl Main 2434 WE FINANCE Apgriment Housex Business Property Residence Property Hotels, Ete. Higbie & Richardson, Inc. 816 15th St. N. When Buying Our 7% First Mortgage Notes Yo First.—A very careful servative appraisal made. Secomd.—The loan we recommend is less than 50% of the market price. Third—After you have purchasea one of our notes you get a service that assues you inter- est the day due. Notes om hand in amounts of $100 up. Chas. D. Sager 924 14th St. N.W. Loan Department Can Be Assured and con- has been 36 a7 a8 Main CONDITIONS OF THE GERMAN MARKET TODAY Make it Imperative that you protect your interests by 5 REGISTERING STOCK 'AND BOND CERTIFICATE NUMBERS. Addrexs FOREIGN BANKING SERVICE 203 Investment Bldg. Franklin 3975. EQUITABLE Co-Operative Building Association Organized 1879 44th YEAR COMPLETED Aswets .. $4,755,170.52 surplus ... $1.245.320.95 Great Accomplishments Through Systematic Saving —Join the Equitable and save in a sys- tematic manner and you will grow stronger and stronger in u financial Wiy Subseription for the 87th Issue of Stock Being Received Shares, $2.50 Per Month EQUITABLE BUILDING 915 F ST. N.W. JOHN JOY EDSON, Prexident FRANK P. REESIDE, Sec'y. Secured by first deed of trust on real estatw: Prevailing icterest and_commission Joseph I. Weller 0 ¥k, L & Trus: greater safety greater service greater business We are grateful to the public for recognizing and appreciating that the ments of “safety” “service” have been the foundation of our Mort- gage Investments, and have accordingly rewarded us with “greater” and ever-in- creasing patronage. We woyld like to explain our service policy show how be absolutely safeguarded and still earn 6% %. ele- and and to vou ‘Write or Phone our MORTGAGE INVESTMENT DEPARTMENT For Literature and Details [SHARNON. & TucHy) 713 and 715 14th St. N.W. Main 2345 ? o ‘We have ample improved real estate. (-] Have You First and Second TRUST NOTES TO SELL? ] funds for the purchase of First and Second TRUST NOTES, as well as COLLATERAL NOTES secured by We Also Have Funds for Construction Loans Real Estate Mortgage & Guaranty Corp. (Resonrces Over One and A Half Million Dollars) L. E. BREUNINGER, President 26 Jackson Place - STONE & FAIRFAX Anticipating the great demand for business properties, have reorganized its BUSINESS PROPERTIES DEPART- MENT, addin| F. 5. HINRICH: to its salesforce MR. G. LEA STABLER and S, specialists jn this class of property. Owners of business properties, list your property with us. Buyers of business properties, " STONE & see what we have to offer. FAIRFAX Realtors Over Thirty Years of Real Service 1342 New York Ave. M. 2424, 2426, 2427