Evening Star Newspaper, August 22, 1924, Page 15

FIN FEWERERGSHERE; PRICES 0 HEHER Butter and Poultry Steady. Review of Fruits and Vegetables. Receipts of eggs are gradually de- ereasing. and prices are gradually rising. Market dealers this morning reported that shippers were bringing comparatively few eggs here. Can- dling losses are not as great as dur- ing the recent spell of hot weather. Average receipts were quoted at 30, selected stock selling at from 32 to i4. and a few instances of even higher vrices were reported. pate higher prices weeks. Butter prices have undergone slight fluctuations the past few days, but today’s prices were about the same as at the opening of the week's market. Prices quoted were 42, 44 and 47. Poultry prices have remained sta- tionary this week. Fruits and Vegetables. The daily market report on fruits and vegetables, compiled by the Mar- ket News Servi-e Bureau of Agricul- tural Economics, says: Cantaloupes — Supplies moderate, demand good, market slightly weaker; Eastern Shore Maryland and Dela- ware, salmon tints, standards 36s and 458, 1.50al Arizona, standard rates, Honey Dews, large size, 1.25a 1.75; small to medium size, 2.00a2.25. Peaches—Suprlies liberal, demand moderate, market steady; North Caro- lina, bushel baskets Elbertas and Hales best large size, 3.00a3.30; 6s Elbertas and Hale poor condition wasty, ginia, 6s Elbertas, best, small size, many green, 1.30a2.00; 6s Carmans, 1.00a1.50; bushel baskets Champions, 1.25a2.00. Potatoee—Supplies moderate. De- mand light, market steady. Virginia, Norfolk section, cloth top slat bar- rels, Trish Cobblers, United States. No. 1, 2.50. East Shore, cloth top stave barrels, Irish Cobblers. United States, No. 1, mostly 2.75. New Jersey, 150-1b. sacks, Irish Cobblers, United States No. 1, 2.60a2.65 per sack. Watermel- ons—Supplics moderate; demand mod- crate; market slightly weaktr. Sales direct to retailers, Georgia and North Carolina, Thurmond Grays, 34-36 1b., average, 80a85; 30-32 1b. average, 65a75; 26-28 Ib. average, 55260 each. Dock ' sales. Virginia, bulk, per 100 melons, Irish Grays, selects. 35.00; primes, 25.00a30.00; culls, 15.00220.00. Onions—Supplies light; demand mod- rrate, market stead. Massachusttts. 100-1b sacks yellow varieties No. 1, 3.50 Lettuce—Supplies, light; de- mand moderate; market firm. New York, crate, Big Boston type, best, 2.25a2.50; some fair quality and con- dition, 1.50a2.00. Cabbage—Supplies moderate, market fairly steady: inia, barrel crates, round type, Dealers antici- the next few liberal; demand Vir- a Tomatoes—Baltimore section truck receipts light: supplies moderate; demand moderate, market fairly steady: homegrown, half bushel ham- pers, No. 1, 1.00a2.00, mostly around 1.50. Pear Supplies Liberal. Pears—Supplies eral; good, market steady: Oregon, Bartletts, extra fancy, 4.25; 4.00. Corn—Homegrown. light; demand moderate, strong; homegrown, 5 dozen sugar corn, 3.00a4.00. Sweet potatoes—Supplies demand moderate, market demand boxes, faney, receipts very market bags light; steady; North Carolina, cloth top stave bar- | 9.0029.50. | rels, vellow varieties, No. 1 Blackberries—Truck receipts, light; demand moderate, market steady; New Jerse quart crates, mostly 15c per quart. g W., B. & A. EARNINGS ABOVE LAST JULY Operating Expenses, However, Enough Higher to Cause Slight Decrease in Net. Bpeciai Dispateh to The Star. BALTIMORE, August 22 Washington, Baltimore and Annapolis Electric Railroad Company's gross operating revenues for July increased $5,085.49 over the corresponding month in 1923, totaling $223.116.66, according to a report just issued by the company. As a result of increased railway operating expenses, in which labor ‘plays an important part, net revenues from railway operations showed a slight decrease, aggregat- ing $71,358.29, against $74,311.33. Net income, after taxes and other deduc- tions, amounted to $31,464.32, against $33,463.02. The company’s statement for the seven months ended July 31 shows gross revenues of $1.346,264.43, a de- crease of $32,435.99 from the corre- sponding period in 1923. Railway operating expenses for that period, however, were $1,059,010.02, compared with $943,453.89. WHEAT CROP PAYING WELL IN MARYLAND Special Dispatch to The Star. BALTIMORE, August 22.—While Maryland’s Winter wheat crop this year will be approximately 3,000,000 bushels short of last year's yield, farmers, as a whole, will receive nearly as much for it as they did in 1923, according to chamber of com- merce officials, owing to higher prices. The Winter wheat crop in Maryland last year totaled about 10,- 426,000 bushels. According to the best estimate of experts this year's crop in the State is set at 7,505,000 bushels. Latest reports on the corn crop of the State indicate a falling oft of sev- eral million bushels from that of last vear because of the wet Spring and dry Summer. AUTO PRODUCTION NOW CALLED SATISFACTORY By the Associated Press. NEW YORK, August 22.—Automo- bile production figures for, July, al- though showing a decline from the output of the same month last year, are considered satisfactory to the trade. Cars manufactured showed a decided gain over June, to which spe- clal significance is attached because a decided decline was shown by pro- duction last July over the previous month. MACK TRUCKS’ NEW PLANS. NEW YORK, August 22.—Offering of subscription rights to stockholders of Mack Trucks, Inc., on the basis of one share of common stock at $80 for each five shares held September 2, has been announced. The issue is to provide funds for the company’s ex- panding business in motor busses and motor rail cars and will add about $4,500,000 to its treasury. The new issue of 56,622 shares will bring the outstanding_common capital to 33! 430 shares. — The ANCIA NEW YORK CURB MARKET BY WILLIAM F. HEFFERNAN, NEW YORK, August 22.--The curb market again today had to absorb heavy reallzsing sales after an hour or so of active buying in which nu- merous high records were reachcd. The reaction, however, was set down to nothing more than & desire t6 take speculative profits when it was real- ized that operations for the rise were not meeting with the success which accompanied that on previous day: Heavy buying of Commonwealth Power which carried the price up almost 5 points before reaction set in, followed publication of the report on operation in the 12 months ended July 31. Net income during that period was $3,947,155 after charges and depreciation which was equal to NEW YORK, August 22 —Following is an official list of bonds and stocks traded in on the New York Curb Market today: les in BONDS. ousands. Allicd - Packers 6 Allied Packers 8.. Am Gas & Elec 6s.. Am ice Ts wi Am Pow & Lt 65 wi Am Sumat Tob Ti%s Am Thread Co 6s.. Avaconda €s . Anglo_Am_0il Asso Sim Hdw 634 AtG & W I 880s Atantic_Fruit Ss.. B & OS5 wi...... Beaverhoard 85 . Beth Steel 7s '35 .. Eq 7% P 5k4s PEI-1L PTNSPRR - PP Cons Gas Balto s A C P&B M 6%s A wi Deere & Co T4s.. Detroit City Gas s Detroit Edison 6s.. Fed Metals Cor 78 Fisber Body 6s '21.. Gair Robt s . Galena Big Oil 7s .. General Pet 65 . Gulf 0il Corp 58 Hood Rubber 78 Intern Match 6 Kennecott Cop 1 Lehigh Pow 6s .... 80 LV Coal R R 58 '3¢ 1 Libby McN & L s, . 1 Lig W L real est 7a 13 Manitoba Power 7s.. 3 Mo Pac Ry s _...... 5 Morris & Co T%s... 5 Nat Dis Pro 7s A wi ameaBESaonSy 5.5 Nor States Pow 6 16 Nor 8 Pow M 612s C 10 Ohio Power 5% B 62 Gt. Cons ¥l Pw 62 Tnds Bk _Finland 107 inds Bk Japan 6s 17 Kgdm Nthrlds 8s-54s 9014 s 10 olv & Co bx 34 B 101 1 Swins Govt Higw ... 102 22 Swixs Govt 55 ..... 1008 STANDARD OIL ISSUES. ts. Anglo Am Ol ... 131 181 Ruckeye P L 597 50 20 Cumberland P L .. 145 145 10 Eoreka P I Desw 95% &0 Gal Sig Oil DB B8 1000 Hum Oil & Ref ow 33% 35 40 Tilonoix P L ... 1 132 355 Tmp Ol of Can ... 70 Indiana P L . 1500 Inter'l Pet Co 10 Magoolia Pet &0 Ohio_Fuel 0il 410 Prairie_0il & 300 Penn Mex Fuel 140 Prairie P L 10 Solar Refin 30 Routh Penn_0il 20 SW Pa_Pipe L 4300 & O Indlava . 300 § O Kansax ne 200 8 0 Kentucky 00 8 O N Y new cuom_ Oil new. hington Ol | Rales in INDEPENDENT OIL STOC hundreds. T Rarrington 0il A.. 7T 1 Carib Synd . 11 Cit Serv . & Cit_Serv_pfd Waglinqton Stock Exchang;. SALES. ) 9 iug"ufl«: . % T ng! t 10216, 2 hington Rwy. & Elec. 45—$300 at 75, Wasnington Nl & Elec. 5. & r. 6 '3 o O ian Co 10 at 98, 10 at 92%. Mergenthaler Linotype—l. at 138%, 10 at 138%. 2 5 Natl Mtge. and Tov. pfd.—50 at 9%, AFTER CALL. 1 Traction 5s—$1.000 at 98. s r-pu?n“;? Gas 6s 1933—$1.000 st 101%, at 101% S orgetown Gias 558500 at 8%, Money—Call loans, 5 84 6 per cent. Bid and Asked Prices. BONDS. PUBLIC UTILITY. American Tel. & Telga. 4s. American Tel. & Telga. 4%s. Am. Tel. & Tel. ctl. tr. bs. Am_ Tel. & Tel. conv. 6s.. Anscostia & Potomac 3s. Anacostis & Potomac guar. C. & P. Telephone C. & P._Telephone of Capital Traction R. R City & Suburban Georgetown Gas 1 Metropolitan R. R. Potomac Elec. ist 5. Potomac Elec. 6s 1953. s . Elec. Pow. g. m. & ref. 7s. 107 ot ien & Siv. ver. Se.... 30 Alex. 28 . Bale Washington ‘Washington Gas s. Rwy. & El . Rwy. & Elec. gen. 6s. MISCELLANEOUS. D. C. Paper Mfg. Reaity & i3 g gt beieg £ Seash: Marker Cold Btora Wardman-Park Hotel 6s.. STOCKS. PUBLIC UTILITT. American Tel. & Telga. Capital Traction. Washiogton Gas. Norfolk & Wash Wash. Rwy, & Elec. com. Wash, Rwy. & Elec. pfd. Terminal Taxi com.. NATIONAL BANK. National Capital. Columbia Commercial = Federal-Americyn e : National Metropolitan. Riggs Second . N . 220 240 ‘Bank of Washington. . TRUST COMPAN American Security & Trust. Continentl Trust. bia_Title. S Etate T slnf.nu . & ln.e..:d“.“ Sid Duted Market pra.( Lanstoa . Recsived by Private Wire Direct to The Star Office $16.45 a share on the preferred as against $12.55 in the previous i2 months. East Penn Electric and American Gas and Electric new were other outstanding points of strength, both getting to new tops. The compaign which has been un- der way for the past two weeks in Fim Inspection Machine and Heyden Chemical was not halted by selling in other quarters. Interests back of the buying in the former stock and which are sald_to be the same as those in Heyden Chemical, went ahead bidding up their favorite into new high ground around 10. Buying of Standard Oils was ab- ruptly checked after the first hour but one or two of the independents continued strong. ——————————————————— 2.1 forv pfd B 14% $2,000 Cit Serv scrip 82 49 Creole 8ynd .. 0 50 Engineers Pet . 20 Ertel Ol .. K 1 GIlI'g Ol vig tF ct 3 Gulf Oil of Pa. 59 50 Hudson Oil . 36 Laj Pet 150 Latin Ame: 20 Lyons Pet . 2 7 Mex Panuco. 65 1 Mount Pred. 18 36 Mutual Oil vot cfs. 11l 3 New Brad Oil wi.. 4% 3 New Eng Fuel Oil 34 180 Ohio Ranger. 10 17 Peer 0il Co 10 Penn Beaver Oil.. 4 Pennock Oil . 30 Sunstar_Oll 4 Union Oil of Cal D i 20 1 Adirondack Pow: Allled Pack new. Am : F Pow ...... 1% Appalac Pow ‘& 'Lt % Ark Light & Pow.. 2 Atlantie_Fruit wi. 1% Rorder % Co 1 Brit-Am Tob 1% Burroughs Am . ) 1 Burroughs, Am n pt 100t 1 Bklyn "Cily RR.. 13% 1 Bucyrus Co ...... 83 1 Campbell Soup pfd 11 10 Candy_Prod Co wi .40 3 Cent’ Teresa 87 2 Centri Pipe Tron wi 1 Centrifug Iron Pipe 1Chi Nip pew wi.. 2 Chi Nip B tr n wi 3 Cleveland - Auto 271, Commonwealth 1 Cuba Co ... 1 Dhir Drie Csting wi 24 Dubilier ¢ & Radio 14 Durant Mot . 2 Du Pont Motors . 3% East Peon El Co.. 14 Kl B4 & 8h pfd 4 Elec Ry Sec Co. 77 Film Inspec 314 Foundation Co pfe ii Gillette S R 5 38 74 60% Ginter Co . 42 Gen Mot new ‘wi. 14 Glen Alden Coal 10 Goodyear Tire 6 Hazeltine Corp wi. 49 Heyden Chem . 8 Keystone Solethe I8 Leniga Power sec. 70 Leh Val Coal nw wi Mesabi Iron . Nat Tea ¢ N Y Tel Co pfd 2N Y Trans c o d.. 1 Omaib Corp A pf wi 8 Omni Cor v t cf wi 3 Pines Win Fr Co A 7 Radio Corp. 7 Radio Corp ptd 6 Radio new % Singer M. 10 80 C & I new i Nouthern Cal Ed 35 Southwest Rell ptd 1 Standard Pub A. 8 Switt Inth.... 8 Tean Elec Power.: o P 24 pfd R Cvte wi 1 Tobaceo Prod Expts Unioa Carbide. . United Bakeriex Bakeries ptd & E e Retall Candy. . rd Bak Co B wi Bak Co pfd re Radio Co wi Cowiur estern Power .. ‘el Taxi Corp N ¥ MINING, Arizona Globe Cop . Bl Oak Gold Mies 8.8 G Cons Cop Min,new Crown King Cons. 30 Diam_Black_Butte. 50 Eng G Min Ltd Tnd 10 Eureka Croesus . 20 Fla Goldfield 21 Fla D W 2550 F Bl Co wi 10 Hawth Minet 1 Hecla Mine 1 Howe Sound . 90 Independence 5 K2y Comper G 2 ‘onper. Corp. 70 Lot Silv. §yn Lid 10 Mohican Cop . 3 New Jersey Zin¢ 30 Silverdale . 60 Siiver Horn Min, 20 Spearhead Gold 30 Stanaard Silver Ld 10 Buccess Mines 2 Teck Hughes 15 Tonopah Min . 60 Trinity Cop 10 U 8 Contl new 7 Wenden Copper 5 West End Consol 40 West End Ext 10 West Utah 50 White Caps . STATE WILL AUCTION 57,000 TEXAS ACRES One-Eighth Oil and Gas Rights for School’ Y Fund. 1 From the Philadelphia Public Ledger. Fifty-seven thousand acres of land recently récovered by the State of Texas from the Capitol Land Syndi- cate, situated in Dsllam and Hartley Counties, will be offeréd to the high- est bidder September 2, it is an- nounced. This land has been surveyed into farm tracts of 320 acr€s each, and prices placed by the State range from $3.50 to $15.an acre. One person can- not buy in excess of 5,120 acres. - Under the law governing the sale, the purchaser gets seven-eighths of the oil and gas rights, the remaining one-eighth being reserved . to the school fund. All Texas public lands are handled for the benefit of the school fund. WOOL BUYING LIVELY. rflmkp;flcdwmtrmhu- e ing of Goods. BOSTON, August 22.—The Com- mercial Bulletin will say tomorrow: “While the manufacturers have been hardly so keen buyers this past week, the dealers have shown a dis- position to acquire wool and some of them have been heavy buyers, 80 that the market has been active and the disposition of values is to hard®h. | ““The opening of light-weight goods by the American Woolen Company always an event of first importance, seems to have been fairly well dls- counted ‘all through the trade and is generally conceded to have been wels: conceived as a move toward . stabilis zation,, with prices so low that the! are .bound to . induce good :business in goods. -~ “Fortign markets are very strong and the tendency abroad is upward.” BY AIR MAIL LINE Value to Merchants Runs Into Thousands—Banks‘ + Especially Pleased. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, August 22.—The United States air mail service be- tween San Francisco and New York has been so successful and so ad- vantageous to business that cities off the main transcontinental line are clamoring for “feeder” airplane lines. Seattle, Portland apd Tacoma are desirous of a line which will cut into the main route somewhere in Utah. Los Angeles and San Diego also want the alr service hooked up directly with them, ang cities in the middle and intermountain west have made similar requests. For the present at least the Post Office Department will be content with a change of mall train schedules which will permit quick .connections. The transcontinental air mail serv- ice now is on a paying basis and will be permanent Business men on both the Atlantic and Pacific coasts have reaped such advantages that they are determined not to permdt it to die. Service Means Thousands. Bankers here and in San Francisco say it is impossible to compute ac- curately the value of the service in dollars, but unquestionably it runs into thousands a day for Atlantic and Pacific points over and above the ex. pense of the service itself. it has proved a money maker and a money getter for banks, industrial firms, merchants and practically every line of business which can use it. Obviously the largest visible return produced by the service in dollars and cents is in the speeding up of bank collection items. San Fran- cisco and New York banks benefit two days each way in making these collections. Large firms, especially those with branches and offices on either coast, are finding the service invaluable for transmitting confiden- tial instructions, and speeding up plans and blue prints for tonstruction projects and the like. Great Help to Fruit Dealers. Large fruit distributors in Califor- nit have notified the Post Office De- partment that they are getting tre- mendous value from the service through quick transmission of inve: tories to distributors. Fruit goes from California by trains moving al- most as speedily as passenger sched- ules provide for. Formerly inven- tories of fruit shipments reached des- tinations at almost the same time as the fruit, or behind it. Now these inventories are available to distribu- tors two days before the fruit can ar- rive, enabling them to plan selling campaigns two days in advanee. Similar advantages are experienced in handling bills of lading for =ilk shipped from China and Japan. The Fost Office Department now has made arrangements for the transportation of mail originating in Japan over the air service routes and, as a result, bills of lading for cargoes, frequently exceeding $5,000,000 in value, will be received two days earlier than for- merly, and the shippers will be paid that much sooner. No Damper on Telegrams. Otle of the 0dd benefits of the serv- ice has come to light in the report of a California apiarist, who wrote post office authorities that the trafic in queen bees from California to other parts of the country had been great- Iy stimulated by the service, since {the bees were required to spend less time in transit without attention. It is not believed that the service has proven detrimental to the tele- graph companies, since there has been no appreciable falling off in business_from coast to coast report- ed. The sending of delayed delivery messages may have been curtailed slightly, but the use of telegraph wires for short immediate messages has not suffered 1 & The servic uas been spectacular because of night flying and the wide expanses of plain, desert and moun- tain traversed, and this perhaps has taken place in the mind of the gen- eral public. But behind the romance of the flying mail is a hard business proposition, which is highly profitable and undoubtedly bound to be perma- nent. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY GRAND RAPIDS, August 22.—The Federal and State Departments of Agriculture will open a joint potato marketing office here about October 15. Growers and shippers plan to ask the legislature to appropriate funds making this office an all-the- year-around affair. KANSAS CITY, August 22.—The flour trade is handling a fair volume of business, although the market is not o active as a week ago. Sales are mostly for prompt or early de- livery, as buyers are too bearish on wheat to make large contracts for future delivery, except on a discount basis. ST. PAUL, August 22.—The Olds Motor Works of Lansing, Mich., is establishing a Northwest assembling and distributing plant here to sup- ply Minnesota, Montana, North and South . Dakota, Iowa, Nebraska and ‘Wyoming. AMARILLO, Tex., August 22.—Gin machinery is in demand in north-| western Texas in sections not hither- to considered suitable for producing cotton. Business men are forming sociations for the erection of gin- ning plants. AKRON, August 22.—The Akron- €leveland rubber districts report a production of casings approximating 80,000 a day with prospects that this will increase to 83,000 before Winter. It is estimated 4,000 workers will be put on and payrolls increased $500,000 a month in the near future. PHILADELPHIA, August 22.—The shoe industry here is showing new life and retailers are pressing for delivery of school shoes, the volume of trade in which usually runs above 75,000,000 pairs. FALL -~ RIVER, August 22.—The Davis mills and the Globe Yarn mills here are now operating on full time. ‘The Davis mills, formerly on 38 par cent of capacity production, has or- ders sufficient for full employment of 900 workers for three months. MERGER REPORT DENIED. CHICAGO, August 22.—Reports cir- culated that the Pullman Company would buy or consolidate with the General American Tank Car Com- pany are untrue, E. F. Carry, presi- ent of the Pullman Company, an- nounced today. PR PARIS MARKET WEAK. ' PARIS, August 22.—Prices were weak on the Bourse today. Three per cent rentes, 53 francs 80 centimes. Exchange on centimes. Five .per cent loan, 67 francs 97 centimes. 3 ‘The dollar was quoted at 18 france '3 centimes, London, 83 francs 20| Analysis Shows Advance in 233 Issues Since Low Point on April 21. By the Associated Press. NEW YORK, August 22.—Through the advance in the stock market from the low point of April 21 to the high level of August 18, according to an analysis published in Wall street, the total market value of 233 repre- entative stocks listed on the New ork Stock Exchange has appreciated $1,604,000,000. On April 21 the ag- gregate value of these stocks was $12,412,000,000, the calculation shows. On August 18 the market value of the same stocks was $14,023,000,000. The range between the high and low points of these shares in previous years was widest jn 1920, when there was a difference in value of $3,901,- 000,000. Wall Street Briefs. The Fisher Body Corporation earn- ed net income of $1,696,170 in the quarter ‘ended July 31, equal to $2.82 a share on the common stock, against $3,696,394, or $6.16 in the correspond- ing quarter of 1923. A $4,500,000 issue of Great Northern Railway 4% per cent equipment notes has been placed privately through a banking group headed by J. P. Mor- gan & Co. The certificates were priced to yield 4.70 per cent. Taking advantage of the favorable bond market position the Public Service Corporation of New Jersey has authorized a $20,000,000 issue of € per cent bonds to supersede an out- standing of 7 per cent obligations. The action was one of the steps in the readjustment of the corporation financial structure which included a merger of several smaller companies. Protect Your Money. “Life’s drama, in a major sense, is i conflict between man and his en- vironment. Savings and w vestments are forces which the human will, making it possible for an individual to determine the tuture cconomic status of his family. | A GOLD HUNTERS BUSY AT CRIPPLE CREEK More Prospecting Than at Any Time Since 191_4-w Ore Price Advanced. Special Dispatch to The Star. ~ CRIPPLE CREEK. Colo., fugust 22.—There are morg prospectors in this section today than at any time since 1914, and the output of pro- ducing mines is showing a steady in- crease. The Granite Gold Mining Co. has just uncovercd the largest body of free milling gold ore ever devel- oped in Cripple Creek, and the Port- land Gold Mining Co. is working double shifts and producing 750 tons of ore a day. JOPLIN, August 22.—Zinc ore prices are unchanged, but lead ore has ad- vanceA $5 a ton to $105. Reports from Carthage indicate an exception- ally rich body cf ore has been found south and east of that place. SOME TRADERS FAVOR MODERATE REACTION By the Associated Press. NEW YORK, August 22.—The un- settlement which has marked stock market transactions this week through an apparent disposition to take profits became more reactionary yesterday, speculative industrials showing heavi- est losses, although some issues gave resistance enough to indicate reserve strength. Moderate reaction seemed to be favored in convervative quar- ters. The large volume of turnover in such leaders as United States Steel, American Can and Cast Iron Pipe continyed. Estinfates of the Steel Corporation's | earnings for August have been placed ahead of last month in circles usually well informed, predictions being that the figures will range from $36,000,000 to $38,000,000, which, it was said, would permit another extra dividend of 50 cents and leave a balance of between $2,000,000 and $4,000,000 to be carried to surplus. Bankers are reported to be giving careful attention to the action of the railroad shares. Although Southern Railway common crossed 70 for the first time in its history of 30 years, rail issues were the weakest group in yesterday’'s trading. As they be- gan the upward movement in the mar- ket several months ago, it is expected they will be the first part of the list to be subject to distribution. PASSENGER REVENUES UP - MILLION IN HALF YEAR Special Dispatch to The Star. CHICAGO, August 22.—Passenger revenues of class 1 railroads were nearly $1,000,000 more during the first half of this year than during the corresponding period a year ago, the Western railways committee on pub- lic relations reports. There were 5,163,000 fewer passengers carried, the added revenue coming from longer hauls. —_— POTATO MARKET SLOW. CHICAGO, August 22.—Potatoes— Trading rather slow, account of rain; market about steady; receipts, 39 cars; total United States shipments, 754; Kansas sacked Irish cobblers, 1.10a1.35, according to quality; Mis- souri sacked Irish cobblers, 1.10a1.30; Nebraska sacked Irish cobblers, 1.40a 1.45; Minnesota sacked early Ohios, 110a1.25; New Jersey sacked Irish cobblers, 1.80a1.85; Virginia barrel cobblers, 2.80a3.85. BIG PHONE EXPANSIONS. DENVER, August 22 (Special).— The Mountain States Telephone and Telegraph Company will spend $7,- 500,000 for extensions and better- ments in the next five years in this city. This budget is based on esti- mated increases in population and involves the enlargement of all exist- ing exchanges and the erection of a large new .building. Bep. 13| Bep. 15 | Aug. 30 Ao 3 ug. . 20 Nov. 20 5 31 17 [3 r $353, H i 538 8, H b WHITE {Continued from Yesterday's Star.) Ah, he had thought so! There it came now, the god’'s hand, cunning to hurt, thrusting out at him, de- scending upon his head. But the god went on talking. His voice was soft and soothing. In spite of the men- acing hand, the voice inspired cqnfi- dence. And in spite of the assuring voice, the hand inspired distrust. White Fang was torn by conflicting feelings, impulses. It seemed he would fly to pleces, so terrible was the control he was exerting, holding together by an unwonted indecision the counter forces that struggled within him for mastery. He “compromised. He snarled and bristled and flattened his ears. But he neither snapped nor sprang away. The hand descended. Nearer and nearer it came. It touched the ends of the upstanding hair. He shrank down under it. It followed down after him, pressing more closely against him. Shrinking, almost shivering, he still managed to hold himself to- gether. It was a torment, this hand that touched him and violated his instinct. He could not forget in a day all the evil that had been wrought him ‘at the hands of men. But it was the will of the god, and he. strove to submit. The hand lifted and descended again In a patting, caressing move- ment. This continued, but every time the hand lifted the hair lifted under it. And every time the hand descended the ears flattened down and a cavernous growl surged in his throat. White Fang growled and growled with insistent warning. By this means he announced that he was prepared to retaliate for any hurt he might receiv There was no telling when the god's ulterior motive might be disclosed. At any moment that soft, confidence-inspiring voice might break forth into a roar of wrath, that gentle and caressing hand transform itself into a viselike grip to hold him helpless and administer punishment. But the god talked on softly, and ever the hand rose and fell with non- hostile pats. White Fang expe enced dual feelings. Tt was distaste- ful to his instinct. Tt restrained him, opposed the will of him toward per- sonal liberty. And yet it was not physically painful. On the contraty, it ‘was even pleasant in a physical way. The patting movement slowly and carefully changed to a rub- bing of the ears about their bases, and the physical pleasure even in- creased a little. Yet he contigued to fear, and he stood on guard, expect- ant of unguessed evil, alternately suffering and enjoying as one feeling or the other came uppermost and swayed him. “Well, T'll_be gosh-swoggled:"” So spoke Matt, coming out of the cabin, his sleeves rolled up, a pan of dirty dishwater in his hands, arrest- ed in the act of emptying the pan by the sight of Weedon Scott patting White Fang. At the instant his voice broke the silence, White Fang leaped back, snarling savagely at him. Matt regarded his employer with grieved disapproval. “If you don't mind my expressing my feelin’s, Mr. Scott, I'll make free to say you're seventeen kinds of a damn fool, an’ all of ‘em different and then som 5 Weedon Scott smiled with a su- perior air, gained his feet and walked over to White Fang. He talked soothingly to him, but not for long, then slowly put out his hand, rested it on White Fang's head and resumed the interrupted patting. White Fang endured it, keeping his eyes fixed suspiciously, not upon the man that petted him, but upon the man that stood in the doorway. “You may be a number one, tip- top minin’ expert, all right, all right,” the dog-musher delivered himseif oracularly, “but you missed the chance of your life when you was a boy an’ didn’t run off an’ join a cir- cus” White Fang snarled at the sound of his voice, but this time did not leap away from under the hand that was caressing his head and the back of his neck with long, soothing strokes. It was the beginning of the end for White Fang—the ending of the old| life and the reign of hate. A new and incomprehensibly fairer life was dawning. It required much thinking and endless patience on the part of Weedon Scott to accomplish this. And on the part of White Fang it required nothing less than a revolu- tion. He had to ignore the urgesgnd promptings of instinct and reasonm, defy experience, give the lie to life itself. Life as he had known it not only had no place in it for much that he now did, but all the currents had gone counter to those to which he now abandoned himself. In short, when all things were considered, he had to achieve an orientation far vaster than the one he had achieved at the time he came voluntarily in from the wild and accepted Gray Beaver as his lord. At that time he was a mere puppy, soft from the making, without form, ready for the thumb of circumstances to begin its work upon him. But now it was dif- ferent. The thumb of ‘circumstance had done its work only too well. By it he had been formed and hardened into the fighting wolf, fierce and im- placable, unloving and unlovable. To accomplish the change was like a reflux of being, and this when the plasticity of youth was no longer his; when the fiber of him had become tough and knotty; when.the warp and the woof of him had made him an adamantine texture, hard and unyield- ing; when the face of his spirit had become iron and all his instincts and axioms had crystallized into set rules, cautions, dislikes and desires. Yet again in this new orientation it was the thumb of circumstance that pressed and prodded him, soften- ing that which had become hard and remolding it into fairer form. Wee- don Scott was in truth this thumb. He had gone to the roots of White Fang’s_ nature and with kindness touched the life potencies that had languished and wellnigh perished. One such potency was love. It took the place of like, which latter had been the highest feeling that thrilled him in his intercourse with the gods. But this love id not come in a day. It began with like and_out of it slowly developed. White Fang did not run away, though he was allowed to remain loose, because he liked this new god. This was certainly better than the life he had lived in the cage of Beauty Smith and it was mnecessary that he should have some god. The lordship of man was a need of his nature. The seal of his de- pendence on man had been set upon him in that early day when he turned his back on the wild and crawled to Gray Beaver’s feet to receiye the ex- pected beating. This seal had been stamped upon him again, and ineradi- cably, on-his second return from the wild, when the long famine was over and there was fish once more in the villege of Gray Beaver. " And so, because he needed a god| and because he preferred Weedon Scott to Beauty Smith, White Fang remained. In acknowledgment of fealty he proceeded-to take upon him- selt the guardiapship of his master's property. He prowled about the cabin while the sled dogs slept, and ! nave tvory tusks, while in the Astatic men, to appraise the true value of step and carriage. The man who traveled, loud stepping, the direct line to the cabin door%he let alone, though he watched him .vigilantly until the door opened and he reccived the indorsement of the master. But the man who went softly, by cir- cuitous ways, peering with caution, Seeking after secrecy, that was the man who received no suspension of judgment from White Fang and who went away abruptly, hurried and without dignity. s ‘Weedon Scott had#set himself the task of redeeming. White Fang—or, rather, of redeeming mankind from the wroag it had done White Fang. It was a matter of principle and con- science. He felt that the il done White Fang was a debt incurred by man and that it must be paid. So he went out of his way to be! especially kind to”the fighting wolf. Each day he made it a point to caress and pet White Fang, and to do it at length. At first suspicious and hostile, White Fang grew to like this pet- ting. But there was one thing that he " never outgrew—his growling. Growl he would from the moment the petting began until it ended. But it was a growl with a new note in it. A ‘stranger could not’hear this note, and to such a stranger the growling of White Fang was an exhi- bition of primordial savagery, nerve- racking _and blood-curdling. But White Fang’s throat had become harsh-fibered from the making of fero- cious sounds through the many years since his first little rasp of anger in the lair of his ‘cubhood and he could not soften the sounds of that throat now to express the gentleness he felt. Nevertheless, Weedon Scott’s ear and sympathy were fine enough to catch the new note all but drowned in the fierceness—the note that was the faintest hint of a croon of con- tent and that none but he could hear. As the days went by the evolution of like into love was accelerated. White Fang himself began to grow aware of it, though in his conscious- ness he knew not what love was. It manifested itself to him as a void in his being—a hungry, aching, yearn- ing void that clamored to be filled. It was a pain and an unrest, and it| received easement only by the touch of the new god's presence. At such times love was a joy to him, a wild, | keen-thrilling satisfaction. But when away from his gbd the pain and the unrest returned: the void in him sprang up and pressed against him with its emptiness, and the hunger gnawed and gnawed unceasingly. White Fang was in the process of finding himself. 1In spite of the ma- turity of his years and of the savage rigidity of the mould that had formed | him, his nature was undergoing an | expansion. There was a burgeoning| within him of strange feelings and | unwonted impulses. His old code of ! conduct was changing. In the past! he had liked comfort and surcease from pain, disliked discomfort and! pain, and he had adjusted his actions accordingly. But now it was differ- ent. Because of this new feeling within him he ofttimes elected dis- comfort and pain for the sake of his god. Thus in the early morning in- stead of roaming and foraging or lying in a sheltered nook he would | wait for hours on the cheerless cabin stoop for a sight of the god's face. At night when the god returned home White Fang would leave the warm sleeping place he had burrowed in! the snow in order to receive the| friendly snap of fingers and the word | of greeting. Meat, even meat itself, | he would forego to be with his god, | to receive a caress from him or to accompany him down into the town. - | Like had been replaced by love.| And love was the plummet dropped down into’ the deeps of him where | like had never gone. And responsive, | out of his deeps had come the new thing—love. That which was given unto him did he return. This was a| god indeed, a love god, a warm and| radiant god, in whose light White | Fang's nature expanded as a flower expands under the sun. But White Fang was not demon-! strative. He was too old, too firmly | molded, to become adept at express- ing himself in new ways. He was too | self-possessed, too strongly poised in | his own isolation. Too long, had he | cultivated reticence, aloofnfss and moroseness. He had never barked in| his life and he could not now learn to bark a welcome when.his god ap- proached. ‘He was never i the way, never extravagant nor foolish in the | expression of his love. He never ran to meet his god. Hg waited af a dis- tance; but he always waited, was always there. His love partook of the nature of worship, dumb, in- articulate, a silent adoration. Only by the steady regard of his eyes did he express his love, and by the un- ceasing following with his eyes of his &pd's every movement. Also at times when his god looked at him and spoke to him he betrayed an awkward self- consciousness, caused by the struggle of his love to express itself and-his physical inability to express it. He learned to adjust himself in many ways to his new mode of life. It was borne in upon him that he mugt let his master’s dogs alone. Yet his Ydominant nature asserted itself and ‘he had first to thrash them into| an acknowledgment of his superiority and leadership. This accomplished, he had little trouble with them. They gave trail to him when he came and went or walked among them and when he asserted his will they obeyed. In the same way he came to tol- erate Matt as a possession of his mas- ter. His master rarely fed him. Matt did that—it was his business: yet! White Fang divined that it was his| master's food he ate and that it was his master who thus fed him. vicariously. | Matt it was who tried to put him into the harness and make him haul sled Wwith ‘the other dogs. But Matt failed. It was not until Weedon Scott put the | harness on White Fang and worked | him that be understood. He took it as his master's will that Matt should drive him and work him just as he drove and worked his master's other dogs. Different from the Mackenzie to- boggans were the Klondike sleds with runners under them. And different was the method of driving the dogs. There was no fan formation of the team. The dogs worked in_single file, one behind another, hauling on double traces. And here in the Kion- dike the leader was indeed the leader. The wisest as well as strongest dog was the leader, and the team obeyed him and feared him. That White Fang should quickly gain-this post was inevitable. He could not be sat- isfied with less, as Matt learned after much inconvenience and trouble. White Fang picked out the post for himself, and Matt backed his judg- ment with strong language after the experiment had been tried. But though he worked in the sled in the day, White Fang did not forego the guarding of his master's property the hight. Thus he was on duty all the time, ever vigilant and faithtul, the 205& valuable of all the dogs. (Continued in Tomorrow's Star.) . i TG o v In the African elephant Both sexes they are generally restricted to the male. ‘Weedward Bldg. FOR SALE FIRST MORTGAGE NOTES Consult Us If you have fuods for investments THOS. E. JARRELL Membder Washingion Real Estate Boord, Main 766-3370. FEDERAL-AMERICAN NATIONAL BANK RESOURCES $13000.000 1315 F ST Jonw PooLE Paswer Apartment Houses Business Property e. Higbie & Richardson, Inc. 816 15th St. N.W. Desirable Offices —in our bank building, fac- ing New York Avenue, now available. Reasonable rent. Apply main floor. CITIZENS’ SAVINGS BANK 1336 New York Avenue $100.00 THESE $250.00 $500.00 ARE $1,000.00/ THEY You may obtain any of these denominations in our FIRST MORTGAGE NOTES upon application. 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