Evening Star Newspaper, February 1, 1925, Page 87

FINANCIAL, STEEL HOLDS FIRM ON GOOD BUYING Copper Demand Lags—Lead Cut $5 Per Ton—Zinc Market Easier. By the NEW steel m durine Associated Press. YORK, Jar 31 The | fire ith adva ar t es in 0d for Copper Lags. | be | and | \ Ger- to New ever ned a about Yo does n the pric ta at insi excess of demand Price of Lead Decli Lead was cut $5 a tor belng brought about la easier market abroad The domestlc markets for zinc ometer as result of weakness abroad. | The demand was n although | consumption was well maintained. The and for actimony was quiet but spot prices were firm owing to de- | yed arrivals of several vessels from | es. % | » decline by the | were | GOLD MINE DIRECTOR IS ACCUSED OF FRAUD Jo: nuary 3 ph Manito managi e Bingo Gold Mines in Manitoba, was arraigned in the Bow Street Police Court yesterday on provincial warrant issued under ti fugitive offenders’ act. The warrant charged Myers with fraud and with naving circ as a director, false rents rel & to the Bingo mi The magistrats ordered manded and denied an app ail. The detective who arreste ers testified that w he read | e warrant to him, Myers said ! “There i3 nothing in this. It is just like blackmail. I was going to re-| urn to Winnipeg a week from tomor- | The laywer for Myers said his client | ame to London to uttend the annual | eeting of the company, which was held Wednesday. vers re-| feation for INDUSTRY DOING WELL. BALTIMORE, January 31 (Special). | ndustrial leaders hero are well pleased with the situation, both lo- lly and generally. They point out that an expansion 1s taking place without any evidence of a boom that in the end might mean inflation. There has been no wild rush to pile 1p Inventories and price advances of eading commodities have been mod- erate. SHOE WAGES INCREASED. HAVERHILL, Mass., January 31.— An increase of 15 per cent in piece- work prices on fancy shoe stitching | in Haverhill shoe factories was an- nounced today by Edwin Newdick, chairman of the shoe board. The in- arease, which will affect 500 workers, | was said to be equivalent to an ad- | ditional 1% cents per palr in labor cost on “moderately fancy. DEBT MATTER HELD UP. NEW YORK, January 31.—No tangi ‘basis for 3 mption of interest pay- ments on Mexico's external debt was reached at informal conferences held ring the past week between inter tional bankers and Alberto J. Pani, Mexican minister of fin an- unced today rman of the int tee of banl le | ers on Mexico. PARIS MARKET UNSETTLED. PARIS, January 31.— s moved Togularly on the Bourse today. Three per cent renter, 48 franc centim Exchange on London, centimes, Five per cent rice 45 88 francs 40 loan, 58 75| The dol cen ar was quoted at 18 francs 44 me COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY "ROT It is vernor will gasoline tax xes pas- a hun- | America hundreds of millions of dol- | cents to Easoline | \n\‘ m 1 enough iting in the West advance in price S the being both FORT other adv oil expected preparations it WORTH, in 31.—An- | of crude | ection and for ex- wildcat an FLORIDA REAL ESTATE. FLORIDA 5 West Coast Resorts. GO TO | “CLEARWA’ ‘ > the sun always Jm\u beach on 19 mile We will auto or train where has the finest bathin the West Coast. On from St. Petersburg. furnish you direct route to CLEARWATER and give you letter of introduc- tion to our representative, who will direct you to all the resorts »n the West Coast. AFFLECK REALTY ‘€O, 607 15th St o | comme | the { ot | has proba | aly BY SHAEFFER. Resources of $2,752, $2,752,723 as of Jan- uary 2, 1925, a gain of more than $500,000 in the last 12 months, will reported by the International Ba annual meeting of stockhold- to be held tomorrow, according to tement made public last night by ohn R. Waller, president of the insti- CHAS. P. 1t the »with of this years has 1gh not this institution ertheless, an impor and bankin Its st growth—from 1920 to $2,752,723 in 1925, n able administration by C. Waller, and Thomas founders. t week received div- £50,000 on| ng. institution been xip hank o oceupled, t position in of the st five Althe worthy ne busines: ta cireles wital $228,700 in estifies to John R. and wwler, A its ers ld aggregating L000 of stock outstand of its existe the disbur: dividends | and stock | idend che $1,10 five bank has amounting lividends of § nt of the ed cash to $49 a share 5 a share. bank's condition which will be olders tomorrow, lateral’ notes 2 s ved for lnvestment held for custo: ed_notes ust notes 5 2 Red Bank's Present Officers. Besides business the its investment In|* bank the pr the “In in n International Bank Shows $500,000 Gain in Resources {Annual Statement to Stockholders Will Report Assets of $2,752,723—Other Financial Comm and iteres pared Americ which reads as follows recelving ollection, yositor's sume: xer credited sh will ci not be of no or s spondents n shall not be gligenc T Ach spondents or indirectly, payor, the cred of cash; it may ti returned it it any | whether {item drawn on this rust Company Banquet Plans. of business on Advance teenth mpanies the | der | pani | Bankers' ord attendance. the 1%, an a di A evy % at k city. the Chic |ident | Hen 72 | Canadian Dartmouth University. ‘ Plans for the midwinter conference | of the trust companies tates subjects g committees ank conducts an insurance and bond- | culminated preside. ry of t Thornton ng department under the direction of |banquet. Mr. and a real estate depart- | under the supervision Frank | Mulkern. In addition to John R. Wailer, | president, the officers are: A. C. Waller, | sident ; William L. Symons, v oo Guthrie, Dubuque resident ; Thomas B. Lawler, | nd Edward A trea Lawle outside of the officers, Thomas W. Brahany, Dubuque, Iowa; | J Park : E. Harman, Los Hart, San Antonio, Tex Frank Kenna, New | 3 Lauck, A. A Dubuque, Jowa; Frank Mil- Faber J. McF A. Nelson, Powell, W¥o.; H ton, and John Biue, Chicago. e directors, Adair, Brown, War on Crooks Renewed. and trust companies are i t rec ssociation Bank: erested by the Men tha s out of e specialists, it is mulcting A s than $260. The credit me ticle in the curre panies, together with the and support of the leading cial and industrial enterpri Nation, well with the sistance of Governme determined to relentlessly credit crook and bring him Toward this end they are establish _thres district Jew York, one in Chi San Francisco, and to fu manent resident investi the large ifidust mercial centers of the country has the crying need bec protection against the inroa oks that prior to the undertaki is larger work individual institut | and business concerns have been meet- ing together, prepared to pool their in- terests and raise considerable sums of | money among themselves to more ade- | quately protect their own business from the machinations of these crooks Oflicial Explains Move. J. H. Tregoe, secretary and trea the National Association Men, which is the largest single com- mercial sciation in the country and | bly a greater intimate knowl- edge of credit fraud than any other as- sociation, eaid in respect to this mov ment: “I do not know any other at- tempt by any single organization as 1 run down the pages of history that has conceived of getting tosther such a large sum of money to be used for the prote tion of business and the safeg he moral and ethical id It is one of the m protective plans have ved for busine: the hing of our history as a Nation.” credit condition as its exists makes it le for an indi- with the assistance of a dis- ble attorney, to start with $300 nd in sh lance of which actu- not exist instance is a single acted y, and on his balance, to- gether with fraudulent financial statements, obtained merchandise on credit valued at §100,000. redit crooks of ever. bably more vitally interested in present movement, inasmuch as means life or death to their form f livelihood. Formerly this type of has been a veritable har- them. If present plans are ssful, the very fact that they been successful will be worth than the millions that will be d, for the deterrent effect alone ave to the commercial life of ently begun of weed Th ke t issue as D Justice. paring to bs s { surer that since The today vidual, $10,000 An operater does cited country are wi lars annually. Standard Collection Form. standard agreement for of collection protection of form the Th, » | “asked ties Unlisted Securities Prices. followi o v auote holders of Army Con Met Citzens Depar D'str Mu Nor Northwest Rale, odridge & Langdon Nav's Bk | WEEKLY BANK REPORT. YORK, BUTTER PRICES HIGHER. tan He Frankl | Park Savings vt N Tr Capit Hot trust 1 FLOUR $10.75 A BARREL. rator first: NE soft hard Winter stra w | Barley, dl, Mills £ RIBBON PROFITS DROP. t after shar 34 of about $¢ NEW YORK DAIRY PRICES. NEW F 91, SRES— fresh do. near cotton, the spot, CAG ere = Win No. York unchanged. pro; pref on 39, ales ¥ recei zathe firsts, by io. CLOSING SPOT COTTON. NEW ORLEANS steady, dling, middling, Complete Ocean Steamship | Service Express MOVING, PACKING & STORAGE | CLEAN, and_ piang DRY, STORAGE FOR FURNITURE stimates cheerfully given. Con venient WESCHLER’S, 920 Pa. av Phoue Main 1282, NATIONAL CAPITAL BTORAGE & MOVING CO. Storage Houselold Guods, 500 Rooms. Tocal and Long Distance Moving. EXFERT PACKERS & SHIPPERS, Moderste Rates. Good Work. Free Estimates. 1434.1442 U N.W. Tel. Nath 8845, CRATE AND PACK BY EXPERTS | 1313 YOU STREET,N.W. PHONE NORTH 3343 MOVING : ¥ STORAGE KRIEGS KPKESS PACKING Y SHIPPIK 818 Kye 5. N.W. poNe Xli‘;‘l‘;f.‘&::’.{.,._m. Storage in rooms, $2.00 mo. and up. Ex- gert packers for dhippine. NORTH 104 lorida Avenve. o nennery Pacific ~ STEAMSHIPS. &0 Trust ( Navy YORK, | unsettled; strong; f. New w of Credit | were il off in 1924 to $338,670, equal or Weaker; receipts, 8,155 cases 184; to arrive, 66 THE SUNDAY STAR, WASHINGTON, D. O, FEBRUARY 1, 1925—PART 6. nit RTS OF GOL SORBING TOPIC Enormous Shipments Abroad Have Not Yet Caused High- er Money Rates. trust companies and in of uniformity has been the general council of Bankers' Assoclation, i BY n NEW steady Incre heen the ment circles being that metal rates and 5o This is so items for deposit or this bank acts only as de- collecting ,agent and as- responsibility beyond the due care. All items are ubject to final payment in olvent credits. This bank liable for default or ne, its duly selected corre- nor for losses in transit, correspondent so selected liable except for its own This bank or fts corre- may send iten directly | ¢ to any bank, including | nd ept its draft or ional payment in lieu charge back any item before final payment, or not, also any 1k not good at ay deposited.” face of the though the t If the the January around a b course, is a comparison abnormal su the total ar over § porting coun Australia, aminati effect s that coming from reserve reservations for the four- = nu banquet of the trust of the United S 'S, un- uspices the trust com- vision the American iation, give promise of It will be held | ¥ Thursday, Febru-|S% dore Hotel, New | DrE Ceter, president of | {10 pmpany and pres: trust company division, | Ty moro% Speakers will be Sirf p\¢ %) chairman of the |y T Railways, and| " ¢ Martin Hopkins of | oot s of of 1924 on D was $2,9 deman at le before ening the Comm Lucius ational Crnest of the United | discussions on timely reports fre various This conference will be and concluded by the lude 1d upon money the demand No T At any bld” and| yittening ted securl-|pag there guldance : ©of | the quotation t bonds. & latest for unl for the issues prices a these | the tionally has been | just below spread BONDS Bi¢ ske o 1. Asked. ) 4158 Club 1t Club 4 TOCKS s i les not buy} { railroad bon: { sive this | past have crept nly by period of i L W w > conv happe nd-grad cure, th ol Savings Bank Bank avings Bank Bank at el Co. Title e 165 ciuy | Tus Baseball Another ed to re has atic inec | sery of spec look to Januar The £ house ba for the wee of $52,- of $10 comy exc ies ss in reserve fner pared with 1z his is an se st of stoc nger abov senior on rati The week offer of a nu dustrial issu gone re: able how ities have |all the disct | about the 0, January imery ext xtra firsts, sconds, receipts, ordinary firsts, 31. — But 7,967 cases; 43a44; T January Spring patents, ter straights, 10.15a10.40 ghts, 9.85210.10, Western, 1.83% f. nd 1.81% c. i maltin, York. Lard, 16.25a16.335. 3L—Flour | 10.25a10. SAN cial) Xpo; " pected to exce Export trade f. export , 1.14al.18 easy; Mid- Other "articl NAVY PHILADI clal) —The 1 | aetiverea to | | | fits of the Century Ribbon | dividends to $2.07 a | “‘,"‘,"1\?’“,%, common stock, against | 2% hour $351 a share, in 4923, | trial trip ere $4,320,077, & decrease 0,000, erred the ‘WooL BOSTON, ORK, and the pts, January 764 tubs. 31.—Butter [} red, extra firsts, 563 55a56; do. seconds, 52a54; browns, extras, 6la Coast whites, extras, 60a ts to extra firsts, 57%a591 insist there | rial grade South | done in the s , January 31 15 points —Spot les on low mid- 23.90; good 2.50; 24, middling, service to Emgland priocipal ports on Continent. etandards of luxury, including Majeats ship. _Highest largest comtort_and cuigine. Also 12 cabin ships offer ine attractive, low rates. WWHITE STAR l.mxfl AMERICAN LiNE Y2 cATIONAL MERCANTILE ‘Washington Office, 1208 F Street, NW. R. M. Hicks, Manager Balto. to Jacksonville via Savannah every Tues., Fri. via rail to Balto. and ship, Jacksonville ATso @ NEW rervien Sailings every 10 days. Next sailings Feb, 5-15-25. including meals (outside rooms extra) are: MIAMI e Phila. The “Alleghany steamers in constwise trade. structed for Florida travel, One Way $31.7 B TRANSPORTED. All-Expense Tour: Savannah, Jacksonville, St. All-Expense Tour: Phila,-Miami, days, $1 GEORGE Special Dispateh to The Star. YORK, absorbing would gerves careful consideration. outflow ,000,000 banks. for the systel ust present supply by Federal 000 above this week’s total. words, the gold export movement can go on a long cern need be felt no sudden and abnormal rate, in been first grade On stea up so gradually ymparison This is exactl en bond factor pensated for by | the improved Turn to Preferred Issues. development rom common stock sues or to honds, tation up so 1y. easily the been interallied EXPORT TRADE JUMPS. FRANCISCO, South America from th SLPHIA, January by Cramp & duction. | $1.05 for 48-5 Getween PIILADELPHIA and MIAMI via §. T. HUGHES. January 31—The in gold export has tople in invest- the Inference the outflow of yellow ultimately raise money affect security p fundamental that pase this week, de- On th statistics it does ook as ide had definitely turned were to continue at it would amount to 2 year, which, of larke sum, even in America’s ent Since December 1 exported has run The prinelpal {m- tries have been Germany, rate illion very with pply. moun ingland and British India 0ld From Other Sources. on of the Federal Re- weekly bank statements shows it alsc gold s than the holdings low for amount but the f this drain, some of 1 sources ot Total gold were at thelr 24 and tb Doub responsible, in losses reported but, even 0 been but little the export movement high was established on 4, when total gold of all Reserve Banks was m Cli ), W In other time before any con as to the effec rates, provided there is increase in for commercial purpose of which there is at present no sign. Stiffening Yet. there has this week nor weakening in ade est- securities of only frac- 2 there for bond class and the twc In fact grade more impr ¥ time ir Quotations that it is prices over a the change is what alwa iny ve finally inced that even if a sec is not quite is more t the higher vie business outlook. money any ns for high-g Pr for have var other inquiry 1t-edge between rowed second the, n n ix months. ecks that stors 14 and which has w interest in the bond been the slowing down )n in stocks. Buyers wh re rather than to capi- n forced to turn s to preferred is- simply because the ks has carried the far that the yield is no what may be obtained securities of the same n t has been marked by the w foreign in- 1es. Most of these have is a little remark- - foreign secur- taken, considering in the newspape debts. imber of It 1ssion Copyright, 1 January 31 (Spe- the Orient and port are e 1 $200,000,000 this vea here has gained 42 per to cent since 1921. GIVEN CRUISER. 21 (Spe- ight cruiser Memphis was the Navy Department to- ons. The Memphis a record of 34.63 knots a four-hour run on her She will be commissioned next Wednesd MARKET QUIET. January 31.—The week nth in the raw wool market closed with one of the quiet- s in a long time. unchanged and dealers still Prices were is no likehood of a mate- Some business in low American wools has been past few days at $1 and o TEAMSHIPS. RECREATION AFFORDED BY A Water Outing ON HISTORIC POTOMAC RIVER and CHESAPEAKE BAY To NORFOLK or VIRGINIA BEACH Modern Steel Palace Steamers Every Day in the Year at 6:45 P.M. From Seventh Street Wharf, New York-Boston by Sea City Ticket Office, 781 15th St. N.W. Norfolk & Washington Steamboat Co. 6 p.m. Fares from Wash. neluding meals on steamer (outside rooms extra): Round Trip 1 $57.23 S. Rerkshire, Fares from PHILADELPHIA, one way, $46.48; round trip, $87.17. S. S. Berkshire and the “Berkshire,” sister ships, are the largest PASSENGER it a little over a year ago. and especially con- these steamers are the last word in COMFORT and SAFETY. The “‘Alleghany” sails between Baltimore and Jacksonville. AUTOS 10 days, $76.63. Augustin nformation Apply 0. For Merchants & Miners Transportation Co., 1208 F St, N.W., Washington, Telephone Main 1645. > holi- | *h s only §228.141,- | been mo | quo- | AUTO, SHOE, LEATHER, TEXTILE MERGERS PREDICTED BY BABSON of Overhead, Out BY ROGER W. BABSON. Special Dispatch to The Star. BABSON PARR, Fla., Janasry 31. Owing to the rapid rise in market prices since the election, and noting recent er- ratlc conditions, many wonder if the market has not seen its highest prices. The most experienced observers, how- ever, do not believe the highest prices have yet been reached and give for their reasons the improved domestic eitu- ation, the plentifulness of money for nate purposes, the restoration rope, and the conservative ad- ation In Washington, these favorable conditions exist, vet there is another impending de- velopment which v even a greater factor any of these mentioned. I in mind the probability of number of consoli- dations among t industrials as well as the railroads, during 1925 If the market h: already discounted these consolidations, then it may be around top prices; but otherwise ny stocks should go higher before the present bull market culminates. 1 o a t < e D T 1 e b 1 1 m than hs t t o First Depression in 1530. The first Industrial depression this country ever witnessed was In the | 30s, and the first consolidations came 1t the close of that depression. The fact is that the consolidations paved the way for the better times that followed. The next great de- sion came the 50s, and thig followed further consolida- id the rreat bull market s especlally banks wkich had grown mushrooms in the 20 years | r b n t in by the | {up like | previous. | The nex panic of lowed by a tlons. This prominent. depression came with the | ¢, This in turn was fol- third era of consolid time raflroads were The next great depres- | sion came in the 90s at the time of | Bryan free silver scare. This culminated with the Spanish-Amer!- can War and was followed by the first consolidation era of the indus- trials. 5 e e E i c T t Big Industrial Mergers. In this period States Steel mated Copper Co., American len Co. and varlous other indus were together. In conj these consolidations the to great heig culmir in In this study it is interesting to at these eras have occurred about are concerned, we or basis, ready for anoth solidations, althc as my reason for era is now approach The real reasor dations is that prosperity ring It was | United Ama W tria with rose that the Corporation, | note t 20 yes a b t r era of I do not ing that g . )-vear give this such an ugh such consoll of new | expand omes a B law position money, overhead, which, higher do action of the rails on o however, us or when |a refuse organizations above a | below Big Consolidations Likely During Year to Cut Costs put and Selling of Goods. n a total producing capacity In ex- ess of normal demands epression—which, according to the of action and reaction, is bound —each industry gets into a where it i{s making no and is subject to cut-thro ompetition. Consolldations Necessary. only way out is to reduce eliminate unnecessary and produce and sell This can be accom- shed only through consolidations when properly consummated, educe the cost both of manufactur- ng and selling. There is no reason why the present year should be an exception to the rule. History is hound to repeat itself, and the stage s now set In almost all industries or such consolidations. It is true that bank clearings are today and that a great quan- ity of goods are being consumed, but he average manufacturer is now naking little profit, owing to the high manufacturing and selling condition cannot continue i nitely and, if such consolidations not take place, then the weak oncerns will be eliminated through During the o follow The ompetition, onomically o1 bankruptey. Fear Delays Rafl Mergers. Of course, consolidations of the ailroads is now being anticlpated y all. Both the Government and the ecurity owners are united upon the ced for such combination. The main hing blocking these rallroad con- olidations to be the fear of ertain railroad officials, attorneys nd specialists obs a result. However, onsolidations are inevitable seems as these and the the stock ex- discounting them. among the industrials, are just as surely ahead of This will be accelerated by for- 1gn competition. Personally I do not fear forelgn ompetition €0 far as the next year two Is concerned, as it will take Surope some time to get organized ndustrially so. that it can ship low- in large quantities. foreign competition will come | to five years from now; and | this comes it will come with vengeance, hange is now onsolidations ost goods eal hree The Urges Prompt those wait, but nd prepare for it d, lowering nd by d Action. Wise are m now get together by reducing over- costs on manufa veloping eff t abroad as ng referred specifica drastic conso! itomobile industry, the shoe ndustry and the textile ral business the mal” line, it compared with al six mor the mnext ue to ¢ 1 to the pos- of dations in per ¢ during ndex will cont ths ago) two 1 be hat months the ———'_—% CLOTH SALES IMPROVE. | Dry Goods Market Picks Up in Sat- | urday Trading. | NEW YORK, more acthy. heavy goods, er and some trading. R: character. Wool m ier than early in the showed litt change, while linens ed quieter for the week. B — MORE TOBACCO ON HAND. Le | | | | | 31.—Cotton z 1 Jan were sales gingl Wash ¥ ary n a cautic were week. Burlaps tobacco h nanufactur: gated 1, with 1,6 1 4 by January pounc dealers and 1 aggre- compared on January | a year agc Bureau an- | lounced today | Chewing, smoking. and export | types totaled pounds, | compared with a year ago; cigar types pounds compared with and im- | ported types, 76 pared with 73,97 on = | STEAMSHIPS. w Miami---Land of Enchantment Only Three Days From Baltimore or Philadelphia £45.00 includes meals and stateroom berth Steamers Carry Lloyd's Highest Class *100-A-1 Baltimore & Carolina S.S. Co: NEXT SAILINGS: From Balto. From Phila, February 5 February 9 February 16 February 19 1008 15th St. (Investment Bldg.) Fraoklin 130. Weems Line Sa tiatactortsurvics fuince 1817 Vacationists’ Paradi Average Winter Temperature 60° to 70° All Outdoor Sports Golf, Tennis, Sailing, Ba Modern Hotels No Passports Required For Illus: Or Any ing oct LAMPORT & EAST COAST Rio de Janeiro Montevideo Buenos Aires Calling Northbound at Santos, Trinidad and Barbados. *Voltaire, Feb. 7 *Vandyek, Mar. 7 Vauban, Mar, 21 Vestris, Apr. 4 [*Newest and finest ships in the service. Western Pacifi road for Only 2 Days from New York ing, Cycling, Horseracing, etc. Furness BERMUDA LINE 34 Whitehall St., New York City wervice, magnihcent tiled, covered and b BOND TRANSFER PLANNED. NEW YORK, January bid for t ande Western R refunding and ir nt bonds, series A, d it will take in return for $1,000,- iring reorg The Inte required that submitted, as Rio any's 6 per denver an Cor provem has been over the bonds 000 advanced d Denver road merce Cor accept 'OU can combine a glorious vacation with a business trip | by sailing to South America on a Pan America Line ship. Next sailings from New York to Rio de Janeiro, Santos, Mon tevideo and Buenos Aires. Fastest and Finest Ships WESTERN WORLD Feb. 14 Apr. 11 *SOUTHERN CROSS Feb. 28 Apr. 25 AMERICANLEGION Mar. 14 May 9 *PAN AMERICA Mar. 28 May 23 *Stops at Santos Pan America Line Operated for U. S. Shipping Board by Munson Steamship Line Managing Operators Keyser Bldg., Baltimore, Md. or your local agent Sailings Twice Weekly LeaveN.Y.every Wed. & Sat. Via Palatial, Twin-Screw Oll-Burning, Transalantic Liners “FORT VICTORIA” & “FORT ST. GEORGE” Offering Passengers the com- forts and conveniences enjoyed on highest class ocean steam- ers. Always landing Passen- gers directly at Hamilton Dock. trated Booklets Write se th- Local Tourist Agent d location overlook- Finest ¢ nd:wlmn Ing P HOLT LINE ano PACIFIC LINE o OUTH AMERI “The Better Way?” WEST COAST Via Havana Panama — Peru — Chile Havana, Cristobal, Balboa, Callao 'Mollendo, Arica, I cllendo; Arlca. Tquigue EXT SAILINGS Essequibo, Feb. 26 Ebro, Mar. 26 Largest vessels ‘in the West Coast Trade. Tours Round South America, $585 up. via West coast, returning East Coast or vice versa. 8 from Buenos Alres, Montevideo and Brarilian Ports to Europe by iy _ Royal Mail Line and Nelson Line Steamers. Sanderson & Son, Inc., General Agents, 26 Broadway, N. Y., or any local steamship agent, who may lose their | nization of state Com- bids the BERMUDALINE| ufacturers who | tur- | { ! | | 1 | demand, |1.63%; STEAMSHIPS. HIGH SPOTS OF WEEK. Commodity and 0il Markets Draw Special Attention. NEW YORK, January lishment of the highest price by wheat since the war-time above a bushel; heavy buying of the petro- leum and southwestern raflwey stocks, most of which attained their highest prices In a year or lo new financing of almost record or ing proportions, and the contin of easy money rates gold shipments and e ling busi- ness, were the high spots of this week’s financiel and commodity mar- kets. X RECEIVER IS DENIED. Boston and Maine ger ak- heavy Bond Issue Cause of Legal Action. CONCORD, N. H., J eral Judge Morris to petition of Edward Ipswich, Mass, and appointment of a ter for the on and Maine Counsel for the pe bond issue of § ture Februar: and the would be unable to retire dent James F. Hustis of. the road said per cent of the bondholder agreed to withhold temporar presentation of their holdings Judge Morris said doubt as to jurisdiction nuary denied Brown " othe Ra ners said t 0 would a 00,0 it FOREIGN EXCHANGE BY the Associat NEW YORK, exchanges firm Great Bri 1 479%; 60-day bills on France, demand, 5.42 Italy, demand, 5 Belgium, d Germany I Sweden, m; 17 ban demand, and, 17.86; 14.32; Poland, demand demand, 2.95; Austriz Rumanta, demand, 40 Toklo, demand, 99 21-32, " STEAMSHIPS, Cahforma Mighty ocean liners— largest and fastest in inter-coastal service. Delightful 15-day sail. Vivid sight-seeing op- portunities en-route. See Gay Havana, PanamaCanal,Balboa Fortnightly Sailings Route: New York, Havana, Panama Canal, San Diego, Los Angeles, San Francisco. demanc 38 PANAMA Paciric LiNe R. M. Hicks u“n!lrr 1208 £ 52, N, Washivgton steamship agent BRITISH INDUSTRY INSERIOUS STATE Unemployment on Increase and Orders for Ships Nearly All Filled. By the Asso LONDON tary 2 e v econom the ste hth's pproach and FLOUR UNCHANGED. Preferred Route XPERIENCED s tourists choose mous Santa for their xury — business for their Regular New York Peru, i reduced rates = “The Luxury ta Elis Luisa < Feresa Ana santa Mar, 18 GRACE LINE 10 Ha New York over Square — e e EST IN CRUISE Megantic g.s. 25 From New York stopping ample time for sightsceing at Havana, Santiago, Haiti, Kingston, Pan ma Canal, Car- tagena, Curagao, La Guaira, Port of Spain, Barbados, Fort de France, St. Thomas, San Juan, Nassau. MEDITERRANEAN Adriatic 5 Lapland "3~ Cruises from New lnrk stopping ample time for heseeing at Madeira, giers, Monaco, Naples, Athens, Al- Constantinople, Gibraltar, ( Algeciras), Haifa(forHolyLand,, Alexandriafor Cairo and the Nile country . Naplesand Monaco on return trip. Wm'rE Smn LINE RED S'mn LINE Manager, 1208 F Mighty ocean liners—large: Street N st and fast- est in inter-coastal service. SeeGay Havana, Panama Canal, Balboa Route: New York, R, iy Sailings avana, Panama Canal, Fortnigh: H F M Menager St. N.W. ed steam: PANAMA Pacrric LINE 85 ROUND TRIP CRUISES outing at moderate cost. according to duration of trip. *105 Foot of Wall ad One Way Fare UP NEW YORK to HAVANA Including Meals and Berth ‘This superb new steamer just fromherbuilders hasbeen add- ed tothealready popular Ward Line fleet, affording increased facilities forluxurioustravelbe- tween New York and Havana. Includingsightseeingtripsin Havana, with its sparkling winter gayety, its races, opera, golf and “foreign” at- mosphere. A nnique and delightful Fixed sailings Thursdays and Sat- urdays. $145 and up, 9 to 18 days, MEXICO CITY One Way and up, including meals and berth Round Trip on steamer and rail trips between Vera Cruz and Mexico City. Confer with local agent or call or address NEW YORK & CUEA MAIL S. S. CO. The “Robert E. Lee” will continue in regular winter service to Havana. Luxur- ious accommodations inciud- ingstateroomsen suiteor sing- ly with and without private bath, three decks, tea room, sun parlor, spacious dining room and/lounges, prome- nades, etc. Complete and modern in every detail. 4185 Street, New York WARD LINE