Evening Star Newspaper, December 15, 1924, Page 27

WHOLESALE PRICES ARE STEADY HERE Eggs May Drop—Turkey Ar- | rizals Large—Beef Un- changed Today. The week's market opened with prices practically the same as at the close of the market Saturday. Deal- ers say prices seldom show much change the opening day of the week, and suggest that changes may oc- cur tomorrow. No change in the Christmas turkey situation was reported. Fairly large hipments of live turkeys are being C ed, and dealers are certain such nis will increase as the week progresses. It was reported this morning that Jhe esx market i inclined to become fop-heavy. Dealers sald increased were being received and that the market was slightly weaker, but without a change in prices. Todny's Wholexale Prices. Butter—Faney, tub, 51; prints, 54. Jggs—Fresh, selected, candled, average receipts, 5 Cheese—Ic horn, 2 28; old sharp. 33 per pound Poultry—Ali . roosters, 16 per pound; turkey 32; ducks, 1 0; geese, 16a ‘ens, 24523; fowls, 20a23; a70 each; dressed, fresh chickens, 30; roasters, 30;, fowls, 21a28; turkeys, 25a 70450 each; @ucks, 25; geese, K—Calves, thin, 6aT; 1lal12. Apple Market Steady. rkat report on fruits and comapiled By the Market ws Service Bureau of Agricultural shipments 60a L} mild cream, keats, cape 113%; me- Spring. choice. lambs, s moderate; demand steady. Barrels, 2inia and West Virginia, up, Stayman Winesaps, . York Imperials, 4.50a5.50; cious, 6.00a7.00. A 23 inches up, Winesaps, 6.00a7.00, few ous, 7.50, few 8.00. Boxes, medium to large sizes, Stayman Winesaps and 2.00a3.2 Delicious, Maryland and varfous varie- moder Ma man Delie! ashington rk. bulk, per ton, Danish 12.28.00. Celery moderate, crates, reported Lettuce—Supplies moderate. market steady; California crates Jesherg type, 4-41: doz. 3.40a 373; Florida, 1%-bu. hampers Big Boston type, 1.76a2.25, mostly around Onions—§ Supplies liberal; demand ket steady: California New York, no sales liberal; demand lies ‘moderate; demand light, market steady; New York and Ohio, 100-1b. sacks Yellows U: 8. No. 1. medium to large sizes mostly 3.00; few sales low ak 2.15 Potato Supplfes Liberal. Supplies liberal; demand ate. market steady: New York, sacks Round White U. S. No.| tly 2.00 per sack: Michigan ). sacks Russet Rurals U. S. No. 1, 2.00a2.15 per sack: Maine, 150-Ib. ks (ireen Mopntains U. S No. 1, 5a2.40 per sack ret potatoes—Supplies moderate: and limited, market fairly steady; b Carolina, cloth-top stave bar- vellow varfeties, No. 1, 5.00a5.50; | Shore Virginia, cloth-top stave vellow. vameties, No. 1, 5.30a | bar 6.00 Tomutoes—Hothouse supplies light; @emand moderate, market firm: Ohlo and Illinois, 10-1b, baskets, medium size, mostly 3.25: small sizes, 2.25a String beans—Supplies light; de- mand moderate, market steady; Flor- ida, %-bushel hampers, green, best, 6.0026.00; some fair quality, 4.00. P Supplies light; no good stock on market; Florida, 7%-bushel ham- pers, fair quality, 4.00a4.50, gplant—Suppiies light; demand moderate. market firm:' Florida, crates, best, 4.00a4, al per fair quality, Lima beans—Supplies Florida, holdovers, pers, 5.00a6.00. Squash, cucumbers, peppers— No supplies on market, no sales reported. very 73-bushel light; ham- RETAIL TRADE IMPROVES 10 PCT. IN BALTIMORE Special Dispatch to The Star. BALTIMORE, ‘December 15.—Holi- day trade is steadily expanding, and lieads of big' retail establishments are confident the value will exceed that of the cotresponding period in 1923. Some merchaats point out that Christmas buyers are not shopping early, as they did last year and the vear before, but indications are that the rush will begin this week and continue right.up. to Christmas eve. Most of the big stores report the turnover for the 41 months of the year larger than it was for the cor- responding period in 1923, and be- lieve that when accounts are bal- anced they will show a galn of be- tween 8 and 10 per cent. EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. BUYING OF COMMON STOCKS. A speculator is perhaps justified 1n buying stocks when he sees the market price advancing day by.day. He buys with the {dea of benefiting by the enhancement in market value of his holdings. He s not an in- vestor in the sense that he is buy: ing for income.. Now, however proper that may be from 'the speculative standpoint—and we: are not dis- cussing speculation now—the same rule does not apply to Investment. It you are tempted to take the risks of ‘stock ownership at a time like this you should see to it that the return, actual or prospective, {s com- mensurate with this risk. Stocks sell in the market place not alone on the dividend being paid at the time of the sale but on the pros- pect of a higher rate in the future. Very often the market price has ad- vanced beyond what would be justi- fled even if the expected dividend increase were aiready being dis- bursed. Then when the rate finally is changed tha quotation declines. In Wall Strest parlance “the good news" has been “discounted Much disappointment would be avoided if investors would face these facts before they make their com- mitments Instead of being carried away by the excitement of a rapidly rising stock markat. - It-is eafer from an investment .gtandpoint—that is, when one i8'going tb buy-to’ hoid— to take stocks when business is de- pressed and speculation is at a low ebb. Even then you are taking chances. Some depressions are so sharp that a corporation is perma- nently crippled. Still | there are two | where many stocks reached new high Received by Private Wire BY WILLIAM F. HEFFERNAN. NEW YORK, December 15.—The oil shares, which had suddenly start- 2d forward at the close last week, attracted considerable attention in the market again today. This, how- ever, did not take away speculative interest from other parts of the lst, prices for the year. Included among these were: Ware Radio, Thermio- dine and Hazeltine, among the radios; Delaware, Lackawanna and Western Coal, up more than a point across] 121; Centrifugal Plpe, at 24%; Ford Motor of Canada, wp almost 10 points; Sales in BONDS. thousands. H Alled Packers 6s. 2 Allied Am Pow & Lt 6 o Am Roll Mills 8x.% Anaconds ‘6 swoe Sim Hdw 6158 ATG W TN S Heaverboard_; Beth it Serv P & Li 6. a8 Balt 6s 3 Cons “Textiles 3a .. Cuban Tel Tige ... Cuduhy digs 2 Deere & ( Detrolt” Cit Detroit 2 Dun Tire & Rub Woas wl oL Fed Scgar 6x 33 . en Asphalt sy Y &ls Lig re en Leather 8s.. w Orlus Pub Rel Nor St P M 6ign ¢ Pub G & E Co Sk Pub Serv of N3 s ure Oil Co Biys inclair Cons #n (* e C. 948 o8, 983y 1068 105 1051, P41y 984, 1014 1001, Un ELL & P United Drugs Uni Ry of Hav Vacoum Ol 7% . 107 5 City of Bogota 8s.. 913 Fin Guar Mun 6lgs 804 Iud Mt Bk of Fin Italian ~Power Kg_of Nids L Aus Hy E Po 848 AUTO MEN STuDy OUTLOOK FOR 1925 Only Very Heavy Sales Are Likely to Prevent Some Large Consolidations. T BY J. C. ROYLE. Dispateh to The Star. EW YORK, December 15.—Auto- mobile manufacturers in every pro- ducing center are busied with vig- orous preparations for the New York and Chicago shows. But the trend of the industry in 1925 is going to depend more on what the dealers tell the manufacturers about the possible sales demand than upon the new models the makers are able to show dealers and public. Many of the blg companies have already brought out their stock models for 1925 and the changes, ac- cording to engineers in glose touch with developments, will consist most- ly of “refinements” although some artistic wouls will not regard the flashy colors of the new bodies as coming under that head Spec 1924 Output Of 10 Per Cent. What the dealers tell the manufac- turers, however, may affect prices and rates of production and nfay de- cide the fate of several rumored con- solidations. It has become evident that output of cars and trucks in 1924 will be approximately 10 per cent under 1923 production. Prelim- inary figures for the first 11 months show production of 3,368,570 vehicles. Estimating December output at 225,- 000, as against 248,113 m November, brings the total to 3,593,570, as com- pared with 4,108,000 in 1923. It has become evident that Winter sales would not be as heavy as those of a year ago and some price cuts have been put into effect to stimulate | production. ~ Whether these price levels will be allowed to stand, will depend onsthe volume of consumer demand with which dealers are sup- posed to be in close touch. May Delay Mergers. There have been indications as the year draws to & close that some com- panies might consolidate to co-ordi- nate sales facilities, and cut overhead and manufacturing costs. But if con- sumer demand is heavy in the early part of 1925, indicating that there is bustness enough to go around, some prices may be increased and the long expected era of consolidations and mergers may be postponed to another rear. ¥ Manufacturers have not lost faith in recuperative power of the industry and are confident that demand is still far from the saturation point. Their experience in 1924 substantiates this. The outstanding achievement of the year was the disposal of a vast stock of cars without seriously affecting the market or bankrupting a single im- portant company. Huge Stocks Alarmed Makers. The year started with nearly every company working at _capacity in anticipation of bigger business than in- 1923. It soon became apparent such business was not coming. Huge stocks of cars wers piled up. At one time in the Spring there must have been 225,000 Ford cars and possibly an equal number of all other makes unsold in the hands of the makers or their deale: This is nearly twice ormal “float.” lh;s;) Midsummer this vast amount of merchandise was disposed of and without- upsetting the industry finan- cially. This is regarded as one of the remarkable feasts in the history of American industry and emphasizes the extreme flexibility of production machinery as well as the absorptive power of the public. Store Adopts New Plan. The experiment of Macy & Co. large department store merchants, in providing free garage space for customers’ cars, which went into ef- fect today, is belng closely watched, both for its effect on the automobile industry on traffic and on department stores’ merchandising. Cars of those shoppers who drive themselves are taken to the garage by store chauf- feurs and returned when the shopper is ready to leave. A restroom is pro- vided for customers’ chauffeurs where they may await calls for their em- ployers. 3 The merchants insure customers’ cars against theft, fire or damage while in the garage and between the garage and the store if the car is driven by a store chauffeur. Becretary Hoover told the National Conference on Street and Highway Safety meeting irf Washington today maxims useful as guides. One to be borne in mind when prices are mounting with no limit in sight is that “trees never grow to the sky." The other to emphasize when the gloom 1is the thickest is that “it always stops ralning.” (opyright, 1984 by Consolidated Press.) that it was high time something was done to eliminate waste in life and EVENING STAR, WASHINGTON, Direct te The Star Office Stutz, across 9, and the new Chapin Sacks, above 19. In the case of the oils, traders were anxiously awaliting the action of di rectors of the Prairie Oil and Gas for dividend action. Prairie advanced over 6 points at the outset, came off more than this amount toward midday, then rallied sharply again. Standard of Nebraska jumped 10 points, to 266, and there was special buying of Vacuum and Standard of Indiapa. While advances predominated In the mining group, improvement was slight. Kay Copper appeared In bet- ter demand and New. Jersey Zinc held around its recent high. Hazeltine and Ware were leaders of the radio issues. ———————— 1 Rep of Peru 8s-32s.. 90 G Rep of Peru Ss-44s. 00% 1 Rep of Poland 6e. 12 Ru Gov 6l:s Nat cfs 12 1. 1 vay & Co 6e 34s B 1041, 104% STANDARD OIL ISSUES. 17% 5 W;! 40 127 2 997 s Sales Buckeye P 1 Eureka P L. 20 Gai_Sig OI 1100 Humble Ol & POMPL... oi "of PL 1800 Olifo 01l 2100 Prairle 0l & 800 Prairie 0 & G n 240 Prairie P L 10 Solar Refn . 110 South Penn O 50 Southern P 10800 8 O Indi 1000 8 0 Kansas 200 8 O Kentneky . 2000 S 0 N Y 100 Swan & Fil 3300 Vacuum Oil Sales INDEPENDENT OIL STOCKE. in hundreds, 3 Ark b 26 Carib 8yod .00 3y Cities Rervice 12 Cities Service pfd 1Cit Serv pfd B ... 1 it Rerv BB pfd. 000 Oit Eery C serip.. 92 1000 Cit 8erv serip.... 119 1 Columbia Synd ... &3 10 Creole Synd ....... i00% 1 Derby 0 & R pfd 234 ill 0Nl vot_troct 3% t Oil of Pa 8 by Pet Lago Pet . Tatn Amer Ofl % Livingston Pet . Mutual Ol vot efs 11% Nat Fuel G S New Bradford Ofi.. 3% New Eng Fuel Ofi. New Mex Land. 0il Corp... enn Reaver O1i... . Pennok Oil Corp nw Red Bank Oil..... 5 Royal Canad 0 & R Ryan Con ... Tnited Cen Ofi ... Venesuelun Pet .. 3 Wilcox Oil & Gas, 5 Woodley Pet ..... 8 Y ol . .05 INDUSTRIALS. Gas & El nw 117% Hawaiian 8 8. 143 1 & Teact ... 187 Fow & Lt new 5% Stores ... 4613 Superpower A 30 5 Am Superpower B. Am For Pow wi.. Appalac Pow & Li Archer Dan. Mid.. Ark Lt & Pow.... Atlantic Fruit . Borden (o b Rotany Cons™ A 3 Irt-Am Tob_Cor 3 Bklyn Ofty- R Centri Pipe Corp. Clutterton 2 Chapin Sacks Childs Co new Colo Pow & Lt Com'w’th Pos 4 Cont Bak B wi.. ... Cont Bak ptd wi... Cone Gas Balt new Contivental Tob Tne GubaiGbart. ooz aas Curtlss Aero Motor. Curtiss Aero pfd. D For R vt tr of wi DL & W Coal...., Loehler Die Cast... Dubilier € & Rad.. Deahill Totd T Duragt Mot Du’ Pont Mot Dus Co A....... ast Penn Eiec Co. lec Bond & &h pf. Federated Metals. .. Film Inspec Ford Motor Freed Eive Rad Co Gillette § R ... Glen Alden ¢ codyear Tire Greenan Baker Happiness Candy A Hazeltive Corp ... Inter Cont Rubber Int Conc Ind Corp Int Ocean Rad Co Tt AUHIEA S Int Utl B 5 Joues Radlo = 2 Keystone Solether Lehigh Power sec Lehigh Val Coal Leh 'Val Coal N Liberty Rad Co.... Mengel Box = Middle Weat Utii.: Mid W Ttil pr Hea Mnrray Body wi... at Distil_Pe vie. Pow & Lt. t Tea Co....... ickel Pl new ‘wi. Nickel Pl o pfa wi 1 Ohio Fuel ‘Co n wi 2 omaibus Co v te cf Pathe Exch Inc A Pitts Tr Coal C wi Pitts Tr Coal pf wi Erophyiactic Brash Am 5 Am Am Am 2 Am Am SE2RE FUFSE 1, 3&N, = EupSouefoazne $x e e t R EEREL H N H el IS BESREERA! Rova Radio ¢ Safety Car H L. Bil Gal Uy ¢ c. 7 Sieeper Hadio V" 8080 C & 1 new..... ' Eo Cal Edison 68 bt 3 Stand Pub Co A.. 17 Btatz Motor : 7 Switt Intl 115 Swift & Co. 20 Tenn Elec Power. 80 Ther Radio Cor wi 14 Tmp Ra C vt tr cfs 2 Union Carbide P-TAOPOR 338880 FFFESEE FS 25 FLE] = 183! 8 Lt & Heat pfd all_Cast. 3t 2822 S stern Power Yel Taxi Corp N Y 16! MINING. 100 Arizona Globe Cop .04 28 Canario_Copper ... 4 20 Chino Ext Mines.. . 10 Cumstock Tusnel. . 4 Cresson Gold_.... 3% 20 Diam Black Butts. .07 10 Divide wion.. .03 10 Flor Goldfield Min 10 Goldfleld Cons ... .04 10 Goldfield Deep ‘Min . 60 Gold_State . 00 630 Harmill Div ..0... . 10 Hawth Mipes Tnc.. .7 2 Hecla Mine ...... 2 Howe Sound ...... 40 Independent 117 JibCons 18 Kay Coy 1 Mason 10 McNamara, 10 Mohican Cop 3 Nipiasing 86 Ohio Coj 100 Eilver King Div Ms 3 Ro Am Gold & P.. § Wenden" G 60 West End Ext FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbe & Co.) Stocxholm, crown TOTAL GOLD EXPORTS. property caused by traffic difficulties. He said he was convinced the con- ference could make constructive sug- gestiona- of the greate: importance but that remedy could not be oc- complished overnight, NEW YORK, December 15—Ex- ports of gold from the United States thus far-this month were &pproxi- mately $23,000,000. About $4,647,000- 000 still remains in this country, DISTRIBUTING GOSTS CUT FARMERS' PAY Agriculture Department Finds Middlemen Get Only Fair Return for Work. Few things arouse more ‘bitterness in the farmer's mind than the spread between the prices he gets for his products and the prices paid for the same goods by the ultimate con- sumer. This spread, in the case of many products, has increased “in the last decade. Various explanations of this fact have been offered. These explanations, according to the De- partment of Agriculture, are mostly incorect because founded on unreli- able data. It is often charged that the margin between prices pald to farmers and prices exacted from consumers large- ly represents an unfalr profit taken by distributing agencies. Studles made by the “department, however, have shown that net profits taken by so-called middlemen are an in- significant part of the total spread. Such profits seldom amount to more than 5 per cent of the consumer's price, and generally ‘they are less than 5 per cent of it. Diatributing Service Costly. It is the cost of furnishing tributing mervice rather than the profit taken by'the distributors that widens the épread between producers’ and consumers’ prices. Distribution costs, as a matter of fact, generally account for about 95 per cent of the spread. A study recently made Into the margins and costs of the market- ing of apples grown In the State of Washington affords a typical fllus- tration of what makes the farmer get s0 much less for his products than the consumer pays. This study was based on data col- lected\ from 13 fruit shipping associa- tions in the State of Washington, whose boxed apples were marketed in the New York district. The average retall price per box of extra fancy and fancy grades was $5. Out of this price the grower's portion, per packed box, was only §L13. Moreover, this amount was in no sense a net return to the growers. It had to cover such marketing expenses as the cost of boxes, paper, nails, labor, overhead charges, etc., amounting altogether to about 40 cents a box. Growers® Profit Very Smal There was consequently left to the grower. after these expenses had been paid, 78 cents a box. From this 78 cents he had to deduct all of this ex- penses of production, which include such costs as pruning, spraying, irri- gating, thinning, fertilizing, picking, equipment maintenance charges, haul- Ing to central packing houses, taxes and interest on investment in or- chards and equipment. Returns to the growers for apples of smaller size and inferior grade were undoubtedly smaller. After every necessary charge is met, therefore, the growers share of the $5 which the consumer pays for a box of extra fancy Winesap apples in New q D. C, York is pretty small. The important question Is, Do the other persons en- gaged in getting this product to the consumer fare relatively better?. What Retallers Get. The retailer is credited with tak- ing $1.87, or 37.4 per cent of the total retail price. But this is the re- tailer's gross margin, not his net profit. Before realizing a profit, he has to meet many expenses. These include moving the box of apples trom the jobber's warehouse to the retafl store, clerk hire, delivery coats, credit expenses, including losses trom bad debts, shrinkage in quantity or quality of the apples, cost of wrap- ping material, bullding costs such as rent or taxes, insurance, dgpreciation, otc., and other {téms. Thé chiet func- tion of the retailer is the distribu- tion of boxed apples to consumers in lots of less:than one box. Where he must make many sales to sell an entire box; his expenses are of course increased. In the same way the jobber's mar. &In is made up largely of unavoidable distribution costs. On the apples.cov- ered in this study the jobber's margin was 49 cents, or 9.8 per cent of th total retall price. The wholesslers margin was 39 cents, or 7.8 per cent of the total retail price. The whole- saler, who buys in car lots and sells to jobbers in less than car lots, has to pay storage charges, unl ing and handling expenses, charges for delivery to jobbers' trucks, credit ex- penses and losses due to shrinkage of frult in cold storage or in hapdling. Cost of Tranwportation. Transportation charges took 80 cents, or 16 per cent of the total $5 retail price. Shipping organiza- tlons’ market margins averaged 27 cents, or 5.4 per cent of the total retail price. This margin Included not only the expense incurred in as- sembling and shipping apples, but also charges levied by outside agencles for selling functions. Serv- ice costs, in short, were the main cause of price spreads at every stage in the process of distribution. TINPLATE MiLLS ARE RUSHED TO CAPACITY Special Dispatch to The Star. . BALTIMORE, December 15.—All departments except the shipbuilding plant of the Bethlehem Steel Corpora- tion at Sparrows Point are working full time, with some divisons of the plant working day and night shifts. This Is particularly true of the tin plate mills, which have been on full schedule throughout the year. This branch of the big industry s being increased 50 per cent and the additional mills, 12 in number, will %o into operation early in 1925. % B e WANT $1.10 PER HOUR AND FIVE-DAY WEEK Special Dispateh to The Star. HAVERHILY, Mass, December 15. —Three hundred carpenters affiliated with the Haverhill Bullding Trade Association have voted to demand on A 1 an advance in wages of 10 cents per hour and a reduction in working hours of four hours a week. This will bring their wages\to $1.10 an hour and the working week to five days of eight hours each Two-thirds of all the shingles used In the United States are manufactured in the State of Washington. GIFT BARGAINS An Opportunity to Select Worth While and Sensible Gifts for EVERYONE at SPECIAL LOW PRICES FOR THE HUNTER Huating Coats. Caavas Leggings Cancas Pasts. 5 Leather Helmets (wool lined) $125 Woelea Gloves or Mitts.....$ 35 High Cut Trinch Boets.......$7.95 (extra heavy 9 to 11.) SHOES FOR DAD Felt House Slippers, 0. D. Woel your Waelt, Rabber Hod)..$425 Manson Last’ Army Shos, (Caodyear Walt, Rabber o vy, E. J. Navy Shee $425 FOR THE COLLEGIAN Tewer’s Fish Brand Yellow Slickers, with Strap er Phain Collar..... 3895 & $74S Paré Thread Silk and Mer- FOR THE CHAUFFEUR Black Driving 16-inch Gauztlets, Floece Lined....$250 Laather Palm Gasatlets, Heary Wool Sweaters, Coat or Slipover...... Heavy Cotton Swesters. . Lesther Leggings, Strap or pring Corduroy Suits, Straight FOR THE HOME Beastifal Plaid Australian Part Wool Double Blankets. pr..$5.95 Heavy Weight Plaid Blaskets, Double Bed Size % ..$1.90 Comforts, Double Bed ize $2.95 up ‘RUBBER GOODS Heavy Army Rubbers (all sizes 6 4o 11).... e lmu)luh (all sizes 6 %o Hip Boots . Black Rainceats, Dosble Back, Valcanized Seams... Bembasine Rai Officer’s Styl SPECIAL NOTICE All Army and Navy Goeds Stores are met Washis n Salvage stores— PROTECT YOURS! and be sure yoi are at 303-308 when visiting our 10th Street Store, Washington Salvage Co. 303-5 10th St. N.W. 3255 M St. NW.—~Tth and Fla. Ave. N.W.—1336 7th St. N.W. Main 5933 3 - _________THE EVENING STAR, WASHINGTON, D. C. MONDAY, DECEMBER 15 NEW YORK CURB MARKET i 1924. NEWMARK REACHED IN FREIGHT TRAFFIC Month’s Figures Exceed All Records—Total for Ten Months Under 1923. Railroads of the Nation handled the largest monthly volume of trafiic yet recorded in October, when a total of 43,109,743,000 net ton mfles was acocording to a report today by the Bureau of Railway Economics, The total exceeded by 424,835,000 net ton miles the previous. high record established In August, 1920, and was more than 900,000,000 net ton miles, or 2.1 per cent oyer the same month last yehr, Nothwithstanding hn-, record vol- ume of frelght moved during the month, when weekly loadings aver- aged more than 1,030,000 cars and reached a high record in the third week of 1,112,345 cars, it was handled, the bureau said, “without transporta” tion difculty. “In fact” the statement said, “during the month therejwas a daily average of nearly 100,000 surplus freight cars in good repair which were not needed to meet transporta- mas spirit. store. $13.50—$17.50. COFFEE URNS—$22.50, $42.25. max” makes, $10—$15. PERCOLATORS—"“Universal” designs, sets, with sugar bowl, cream pitcher and tray, WAFFLE IRONS—“Universal” and “Ther- tlon demands. At the same time, the rallroads had approximately 5,000 serviceable locomotives in storage, it not being necessary to place them in service.” A decrease was shown, however, in the volume of frelght handled for the first 10 months of 1924, as compared with the previous year. During the 1924 perfod 356,359,671,000 net ton miles were handled, which was 7.7 per cent less than the 1923 figure. By Aistripts the decrease was recorded a3 117 per cent in: the Eastern d trict; 6.1 per cent in. the Southern and 2.3 per cent in the Western. BIG SHIPMENTS CUT GOLD SUPPLY HERE Conditions Change in Three Weeks. Silver Exports Exceed Tmport: Gold imports during November were $19,849,000, while gold exports were $6,689,000, the ‘Department of Commerce reports. Silver imports were $6,480,000, against exports of $9,401,000. The gold exports were the largest of any month during the present year. it was said, however, that unofficial reports indicated that when the totals for December are available the United States will be shown to have lost a substantial quantity of gold, since banks have been shipping it abroad steadily during the last three week NATION HAS FINE BALANGEIN TRADE | Exports for 1T Months and for Nnvembqr Are Highly Favorable. Exports {rom the United States dur- ing November amonnted to $494,000,000, compared , with impdrts of $296,000,000, leaving a trade:balance favorable to the United States of $1#5,000,000 November éxports, with the excep- tion of those of October, which amount- ed fo $527,000,000, were the largest of any one month of the past three calen- dar years. Imports, at $296,000,000, com- parcd with $291,000,000 for the same month of 1923, For the eleven-months ending with November the United States had a fa- vorable balance. on the basis of De- partment of Commerce figures of $8 000,000, produced by exports of $4,14: 000,000 and imports of $3,276,000,000. East Afriea is enjoying the greatest prosperity since 1913 and the Uganda Rallway, with its 689 miles of single track, has shown @ profit of $2,500,000 and is buying 18 locomotives and 200 steel freight cars “UNIVERSAL?” Electric Gifts will please for years. They are thoughtful gifts in keeping with the Christ- Visit your nearest Universal dealer or our $25. Complete convenient ter HEATING LAUN-DRY-ETTE Washing chines, IRONING MACHINES, VIBRA- TORS, SEWING MACHINES, etc.—on Ma- 'ms if desired. PADS—Modern succes- HOUSEHOLD IRONS—2 “Universal” types at $6.75 and $7.50. CHAFERS—Handsome- nickel-plated designs at 1841 1st St. N.W.; A. L. LADD. ©0., 708 13th St. ELZOTRIC CO., 1309 Sth St. Auto Our offerings have been amplified for your Christmas choosing and invite your visil CLOCKS ROBES TRUNKS . VASES .. GLOVES . . PARKING LAMPS ... LUNCHEON OUTFITS ... VACUUM BOTTLES ..... ALADDIN JARS, gll. size. CIGAR LIGHTERS .. CUSHIONS WIND DEFLI ORS FIRE EXTINGUISHE! GOGGLES . B HEATERS . KLAXON HORNS JACKS ...... SPOTLIGHTS RADIATOR METER! LUGGAGE CARRIERS MIRRORS . VISORS AERMORI T H Welcome to Car Owners Accessories . A few suggestions: WEED TIRE CHAINS, all sizes. RADIATOR AND HOOD COVERS... WINDSHIELD CLEANERS IS};O and $18. TABLE STOVES— “Universal” heats, $15. MILK WARMERS— Very useful in the nure sery, $9.50. make, three sors to the hot-water bottle, $8—$10. CURLING IRONS —Supply correct heat without scorching, $2.50 up. TOASTERS— “Universal’ and “Thermax* makes, $5 to $9. Ives Electric Toys —make happy boys. See our line of Train Sets and Accessories, or those of any IVES dealer. You can pay a little or a lot, accor your set. ELECTRIC ding to the completeness of TREE-LIGHTING SETS Flashlights — Radio Parts and Storage Batteries CARL W. DAUBER, ; 3. P. KUTTNER, Alexandris, Va.; W. J. LOVELESS, 83 809 13th 8t. N.W. Florids Ave. N.W.; JOHN F. MEENEHAN, 2010 l¢th 8t. N.W.; MODERN AUTO SUPPLY 00., 917 H St. N.E.; MODERN ELEOTRIC S8HOP, 1411 U St. N.W.; EDGAR MORRIS SBALES Cf .W.; RUCKER ELECTRIC CO., 2208 l4th St. N.W.; C. SCHNEIDER'S SONS CO., 1307 F St. N.W.: SHERIDAN HARDWARE' & ELEOTRIC CO., 2148 P St. N.W.; SILVERBERG ELECTRIC 00., 1000 E St. N.W.; SILVER SPRING ELECTRIC OO., Silver Spring. Md.; THOMAS N.W.; THOMPSON BROTHERS, Anscostin, D. C.; TURVILLE & CLARK, 8516 Connecticut Ave.: WALSH BROTHERS, 3430 14th St. N.W.; WASHINGTON THEATER SUPPLY CO., %08 G Bt N.W.; 0. W. YOUNGBLOOD, 333 Ceder St., Takoma Park, D. C. ., 1305 G St. N.W.; C. A. MUDDIMAN - “Wpiclwind” Electric Cleaner A gift that will bring her joy on Christmas day and happiness for every day of many years thereafter. Sold by the following dealers with its satisfaction guaranteed or money refunded: E. R. BATEMAN, 1640 Girard 8t, N.W.; J. C. BEARD, 5806 Georgis Ave. N.W.; BRIGHTWOOD HARDWARE CO., $415 Georgia Ave. N.W. E. ¥. BROOKS CO., 813 14th St. N.W.; JOSEPK D. CAMPBELL, 517 10th 8t. X.W.; ELMER H. CATLIN CO., 2320 18th 8t. N.W.; L. L. HAYES, 1201 18th St. N. For Mother! For Dad! For the little fellow—and for the boys and girls in their ’teens—you can'’t pick a better gift than a Radiola! I¢s a year’round as- sortment of enter- tainment. And we'll show you > the right Radiola for your purse. Radiola Ill-a '\ Widh four WD Radio -....$1.75-$20 -.$1.95-$11.80 ....$1-810 NS. AUTO VACUUM CLEANERS.. STEP PEATES ........ trons and Radicls Loud- Speaker, but no batiericgnor i See Your Nearest Radiola Dealer *. Open 7:30 AM. to 5:30 P.M., Including Saturday NATIONAL ELECTRICAL Supply Company 1328-30 NewYorkAve. Phone Main 6800