Evening Star Newspaper, February 22, 1925, Page 29

NEW STEEL ORDERS BEING REDUCED Buyers Cautious — Lower Copper Helps Market—Re- view of Other Metals. FORK bruary 21.- steel orders have g the week, but oticeable reduction in for forward shipment. there has been production and leading De- tinued ac ere was a new business Consequent decline in manufz authorities have as some doubted the ability bu o continue to ab- receu e of produc- tations of foreign pig iron hesitation among do- demand was uncertain, January pro- in of domestic sorb the tion. Tmp. caused buye restic and weakness had depressing early part of <he demand was evi- cased off to ap- the 14li-cent level, but for domestio consump- oped at this figure and the mproved, with sellers showing icreased confidence owing to rallles n London and reports of a better lemand for products Tin ruled ¢ 100 per Lead has prom European effect ne il ately ¢ buying n deve prices siet, w prices easier. i) paring to go Is are p on cent schedule a point that me buying outlook as PARIS BOURSE STRONG. Firmness in Wall Street Is Reflect- ed in France. 1'ARIS, February 2 gistered Wail Bour ther active. large Paris bar et halted th, The firmness vesterday fon on the closed and tion of a » exchange mar. ris ch The int pward BALTIMORE PRODUCE. <ial Dispatch 1o The Star, ALTIMORE, February | egg market has had a fluctuat- tendency all week, starting the at cents a dozen, going as as 37 cents on Tuesday and clos- Ing today at 34 cents, a decline of 15 cents from closing prices last Satur- lay. This shows how uncertain the situation is at this time of the year, the receipts and supplies on hand governing conditions, with the consumptive demand and shipping in a speculative way a controlling fea- ture. E hould be shipped prompt- ¥ #nd regularly for best results, as hield stock will not bring top values. The live poultry market continues firm pecially for old hens, which are in very light receipt, under a good and constant demand fos desirable stock of all kinds. ‘Winter chickens 2 pounds and under are scarce and wanted at a pound, while large, smooth young chickens meet with Tead le at 32; leghorns, 28, and even small and poor stags bring 24 Old hens 3% to 4 pounds in 21.—The dail nd vod request at 28 and 29, with me- um selling equally well at 25 to 27, h small and Leghorns bringing 23 to 25. Old roosters are more active at 17 and 18, while capons are scarce “turers are cautious, as some | rovement of the | { business in Liverpool pending Texas| Egg Prices Break 10 Cents Per Dozen Is the Associated Press. NEW YORK, February 21.—Due to heavy receipts and milder weather in the West, eggs of the better grade dropped from 2 to 5% cents a dozen in the local whole- ale market toda This repre- cuts a decline on of & to 10 cents a dozen during the week. DANGE‘R sEEN IN TAXING COTTON OIL PRODUCTS Senator ‘Smith of South Carolina Scores Proposed Legislation | | | in Several States. Proposed legislation in several States to tax cotton oil products was declared yesterday by Senator Smith, Democrat, South Carolina, to consti- tute “a most serious situation in the relation of states.” It is inevitable, States adversely posed legislation tallatory measures. “This action is particularly deadly just at this time of the dawn of a new era In agriculture,” Senatr Smith said. “I hope the representa- tives of these States will use every means in their power to have their legislatures drop this legislation.” Gias COTT(;I MARKET STEADY. Early Advances Checked by Week End Realizing. YORK, February 21.—An learly advance In the cotton market today on the failure of the official weather news to show relief from !Southwestern drought was checked by realizing for over the week end. Offerings were absorbed on a com- paratively moderate reaction, how- ever, and after selling off from 24.74 to 24.61 for May the market closed steady at net advances of two to four points, with May quoted at 24.63. The amount of cotton on shipboard awaiting clearance at the end of the week was estimated at 117,000 bales, | against 75,000 last vear. Reporte that |the Government estimate of the In- [dian crop had been reduced 58,000 bales to 5,011,000, had no apparent ef- fect on the market Private cables he s affected will . that the by the pro- attempt “re- NEW reported a small weather developments, and that spet demand was poor. | | Steamer to Sail From Baltimore to Port in Black Sea. Special Dispatch to The St EALTIMORE, February ed with flour, the Swedish steamer Olson is filling her bunkers in prep- aration for the trip to Novorussuk, a port on the Black Sea. Her cargo will consist of 52,575 barrels and represent a portion of a 2.000,000-bar- rel consignment bought by the Soviet government, shipment of which com- menced six weeks ago through At- lantic ports. This Is the first cargo to leave the Baltimore port, but it is expected that others will follow SEES RECORD TRAFFIC. St. Louis-San Francisco Head Looks for Larger Net Income. NEW YORK, February 21.—Should traffiic on the St. Louls-San Francisco Railway maintain its present gain —Load- and wanted at 38 for large, 7 pounds and over, and 32 to 37 for small to medium. Medium-sized hen turkeys continue in good demand at 45 and voung gobblers 40, but heavy old toms and poor and crooked breasts are slower to move out at 35 for the former and 25 for the latter. Gulnea fowl and pigeons in only moderate re- ceipt and the market holds firm at 75 and $5 each for young and 40 and 50 cach for old of the former, and 35 and 40 a pair for both young and old of the latter. With the exception of ca- ns, hich are preferred dressed on this market, thers {s more demand for live than for dressed poultry and de- mand generally is limited and center- ed on choice to fancy stock. Capons are the only line which bring a premium over live stock, sell- ing 35 to 43 a pound for medium to large and 32 to 35 for small slips. Market for white potatoes rules easy under moderate receipts gener- ally of first quality stock and only fair demand for No. 1 well-graded potatoes at 1.40 to 1.65 per 100 pounds nd 1.20 to 1.35 for McCormicks and Reds. No. 2s and ungraded stock slow sale at irregular values, while culls are not wanted and will not bring freight charges. Demand good for fan stock sweet potatoes and s and the market holds firmer and higher at 5.00 and 6.00 a barrel for the former and 4.00 and 5.00 a barrel for the latter. Much of the daily receipts consists of poor, dark sweets and ams and such will not bring quotations, selling as low as No 25—2.50 and 3.00 a barrel, while culls are not salable at any price, uthern vegetables are in- creasing in supply and to a large ex- tent replacing native and nearby gar- den truck, hence market on this line rules generally easy and prices most- s favor at the following Brocoli and kale, 50 and voy cabbage, 50 to 75 %, 5.00 to 7.00 hundred; to 3.25 per 100 pounds; oyster plants, 8.00 to 10.00 hundred parsnips, 45 to 50 basket; spinach, 7! to 1.40 bushel, and turnips, 50 to R e LIVE STOCK MARKETS. Special Dispateh to The BALTIMOF February 21.—The live « rket rules generally firm under a fairly active demand for tle kind, but centered on t quality stoc! Common to ordinary cattle sglow at the lower values quoted, with majority of wharf receipts of this character. Handy welght veal cal specially in good demand at full quotatio but heavy rough calves have to be sold at a discount. Quotations today at Light Street whart Beef cattle—First quallty, pound, T to $; medium, 4 to 6; bulls, as to quality, 2 to 4; cows, choice to fancy, common to fair, 1 to 2; oxen, quality, 3 to milk cows, choice to fancy, head, 50.00 to 75.00: common to fair, 30.00 to 50.00. Calves, veal, choice, pound, 13 to 13%; or- dinary to medium, 11 to 12; rough and common, $ to 10; small culls, 8 to 10. Sheep—Choice, 7 to 8; old bucks, 5 to 6; common, 3 to 4; lambs, Spring, choloe, 17 to 18; fair to good, 14 to 18; common, thin, 10. Straight, 10 to 11; gows, 7 stags and boars, 4 to 5; live Digs, 10 to 12; shoats, 8 to 10. BISCUIT EANINRGS GROW. NEW YORK, February 21.—Loose- ‘Wiles Biscult Company increased its net profit for 1924 to $1.177,204, after harges and Federal taxes, from $914,- 25 in 1923. This was equal, after the regular preferred dividends and the amount appropriated for redemptio: ot the first preferred stock, to $7.42 a share on the common, against.§3.99 ™ share ip 1923, all over last year, without any sharp in- creases in wages, fuel or supplies, J. N. Kurn, president, anticipates 10 per cent larger gross revenues for 1925 and 15 per cent higher net in- come. He said he expected traffic and earnings to increase every year in the territory served by the road, as everything in that part of the coun- try looked the best in five years. Through passenger business was the Vest in the road’s history, he asserted, and Florida traffic out of Kansas City and from the west was the neaviest on record. — PRINE) SILKS ACTIVE. Many More Calls Noted in Satur- day Market. NEW YORK, February 21.—Coston goods held virtually steady in gray goods lines today. Better business in printed goods, novelties and sheet- ing continued. ~Printed silks were being called for in increasing quan- tities. Burlap markets have been steady, with reports current that sub- stantial forward business had been placed recently at Calcutta for de- livery in the second quarter of the vear. Speclalties and high colors in wool goods were being ordered well, while staples were very quiet. Linen damasks also were quiet. Dress linens and handkerchiefs showed im- provement. NEW YORK DAIRY PRICES. NEW YORK, February 21.—Butter— Easy; receipts, 6,661 tubs. Eggs—Unsettled; receipts, 22,905 cases; fresh-gathered, extra firsts, 38; do., firsts, 37; do., seconds, 36; nearby hennery whites, closely selected extras, 42a43; nearby and nearby Western hennery whites, firsts to average ex- tras, 37a413% ; nearby hennery browns, extras, 40a41; Pacific coast whites, ex- tras, 41a41%;; do, firsts to extra firsts, 37a40, Cheese — Firm ; pounds. receipts, 37.463 RAILROAD SHOPS TO CLfiSE. WILKES-BARRE, Pa, February 21. Notices were posted today at the Ash- ley Shops of the Central Railroad of New Jersey notifying employes that, due to lack of work, the ehops would be closed for the coming week. Ap- proximately 1,000 men are affected by the order. BB FLOUR UNCHANGED. MINNEAPOLIS, Minn., February 21.— Flour unchanged to 5 lower at 9.50a 10.00 a barrel. Shipments, 46,492 bar- rels. Bran, 24.00a25.00. Wheat, No. 1 Northern, 1.75%al.78%; May, 1.78%; July, 1.77%. Corn, No. 3 yellow, 1.16a 1.21. Oats, No. 3 white, 46%ad7y. Flax, No. 1, 3.00a3.05. ‘WOOL MARKET FIRMER. BOSTON, February 21 (Special).— The raw wool markets closed for the week-crd holiday with slightly firmer price trend. Dealers no longer seem willing to make concessions to pur- chasers, in view of the stronger tone of wool abroad. Buyers still are holding off. o DEFICIT WIPED OUT. NEW YORK, February 21.—Central Leather Company made an operating profit of $1,243,892 in 1924, ir. contrast to a loss of $5,880,358 the vear before, but after deduction for taxes and charges, there was a net loss for the year of $484,307, compared with loss of $7,272,243 in 1923. Operating ex- penses were reduced about $329,000. Profit_and loss deficit amounted to 5,122,158, InNewYorkMarket! the high grades FLOUR FOR SOVIET. | THE SUNDAY STAR, WASHINGTON, D. Organization of the 260th Coast Artillery Club was completed by the officers and men of the Coast Ar- tillery of the District National Guard at the Armory, Sixth and Water streets southwest, last Wednesday night. A committee on rules and regulations was appointed, including Maj. Walter W. Burns, commanding, us chairman; Capt. Louis M. Gosorn. Capt. James D. Eggleston, Lieut. Jack Heale, Lieut. John P. Shepherd, Don- ald J. McCarthy and Perry O, Huff. The officers of the club will be elected at a meeting next week and commity tees appointed to begin jmmediate plans for the Spring activities of the club. The social program will in- clude a number of dances, a club ban- quet, and other entertainments. Clubrooms are being furnished and maintained, with recreation and read- ing rooms and other club features. In an address at a meeting after arill Wednesday n{ght, Maj. Burns stated that the primary purpose of the club is to develop a closer con- nection among the officers and men of the organization, to increase the drill attendance and to develop morale in the regiment. Maj. Burns explained that something must be done te increase the attendance at drill. While the average attendance of ull organizations of the 260th Ar- tillery since the formation has been higher than most National Guard or- ganizations there is room for im- provement, hé explained, adding that the purpose is not to make each en- listed man feel that he s merely per- forming a duty when he attends drill. Efforts will be made to make the drills so zttractive that no*enllsted nran will want to miss a drill under any circumstanc Maj. Burns ex- plained that it was this theory and | the development of company spirit | which made the record of the old 1st Company, District of Columbla Coast Atillery, ‘which was commanded by him before the war, so high and which, in turn, resulted In the fine war record of that organization. While the commanding officers of National Guard units have the au® thority to enforce drill attendance, it is not believed to be the most effec- tive method of developing an organi- zation. If the execution of court- martial sentences are relied upon, as done in some guard units, two things happen: (1) A man {s made to suffer for the disregard of his obli- gutions, which makes him “sore,” and (2) the fine or confinement that may be imposed does not’ help the organi- | zation. The best way to enforce drill attendance is for the men to do ft themselve: By organizing a social organization within the regiment, which will naturally be supported by the best and most active men of the regiment, the men themselves are given the responsibility of determin- ing what action shall be taken to en- force drill attendance, which is usu- ally done by the club as a whole and consequently unified pressure s brought to bear on any members of the command who may be disposed to stay away from drills by all of their friends In the organization, Some of the club activities which have already been suggested for the benefit of the regiment and which will be taken up at early meetings for consideration are: Some form of amusement after drill at least twice each month; equip and maintain the clubrooms with pool tables, library facilities, games, etc.; buy and main- tain a large motor boat for the use of members for week end trips and Sundays, and for use of the organi- zation between Fort Hunt and Fort Washington and the “260th” wharf; an annu: banquet, the greater part of the expense to, be paid from ciub funds; conduct parties, dances, etc., at 1 fivé timés each year, wita ladies présent and invitations extend- ed to relatives and friends of the ar- tillerymen, and to buy such equip- ment as needed for the organizatian which is not furnished by the Gov- ernment. is A large number of the artillerymen have already joined the club and with the enthusiasm shown at Wed- nesday night's meeting it is evident that the organization will be one of the strongest within the District Na- tional Guard by the next angual en- campment. Representatives . from headquarters, 260th Coast Artillery Corps, Medical Detachment, Batteries A, B and C have been initiated. Lieut. John P. Shepherd and First Sergt. Cecil W. Burden are in charge of the clubrooms. Headquarters and Service Company, 121st' Engineers, has obtained per- mission to furnish and decorate a room in the National Guafd Armory to be used as a clubroom for the company. Arrangements -have been made to begin work within a week. One of the features of the proposed decorations will be a series of pencil and water color portrait sketches of all commissioned and non-commis- stoned officers of the company, plans being made to add portraits of all new officers on appointment. Capt. Sidney Morgan will be in charge of the arrangements for the clubroom, assisted by a special committee of the men. A small library will be in- stalled and a clubroom manager ap- pointed. The club will be formally opened with a small socfal affair. The War Department Class A medal for excellence in rifle team marksmanship was awarded to the members of the District National Guard rifle team. The team won dis- tinction at the national rifie matches held last September at Camp Perry, Ohio, having attained eighth place among teams from all over the country. An examination for the placing of men on the eligibility list for com- missions in the 121st Engineer Regi- ment, District National Guard, will be held ~ April 14, according to an- nouncement made last week at the Armory by Col. John W. Oehman, commanding. In a short talk to the men after drill last Tuesday night he urged them to study hard in_order that they might pass a. creditable examination in April. The 260th Coast Artillery will train again this year at Fort Monroe, Va. The dates assigned are from August 15 to 31, which is a few weeks later than last year. Maj. Burns expects to open an intensive recruiting cam- paign as soon as the recryiting ban is litted by the War Department. The 121st Engineers, 29th Military Police Company and the 29th Division Staff will be in camp at Virginia Beach at the same time. This is the first time since the war that the entire District National Guard has been sent any considerable distance away from Washington for an annual encamp- ment, and it 1s expected to add stimu- lus to the recruiting efforts of each of the unite. sut. Col. Harry E. Gladman, re- cruiting and personnel officer of the 121st Engineers, presided over a meeting of the officers of the regi- ment last Thursday night: Recruit- ing was discussed and other matters lcoking to the development and ex- pansion of the regiment considered. Veterans of Pattery C, 110th Field Artillery, formerly members of the Distriot National Guard, are making efforts to form an association to be composed of former members of that organization. A banguet was held at the City Club last week. Company A, 121st Engineers, gave a dance last evening at the National Guard Armory, 472 L street. About 300 guests were present. Colors and favors suggestive of Washington's District National Guard giving a number of social affairs this season. A social committee has been appointed by Capt. Roy W. Keesee, commanding. The company has adopted the distinctive name, and will be known in the future as the Cor- coran Cadets. Pirst Lieut. Just C. Jensen, Com- pany D, 121st Engingers, has been authorized to organize rifie teams in the District National Guard for the purpose of beginning practice for the Summer rifle matches at which vari- ous military organizations compete for mational honors each year. After the Spring and early Summer practice a team will be picked to représent the District National Guard at the natlonal matches. Regular practice will be kept up until the matches are beld. The practice will begin imme- diately after the organization of the trfial teams. All men in the Distritt National Guard interested in rifie sMooting shauld apply for a place on the trial teams. Lieut. Jensen will see applicants at the National Guard Armory, after drill on Tuesday night next week. Corpl. Daniel B. Lloyd, 29th Military Police Company, has been placed on the eligibility list for commission in the military police company. He will appear before the Corps Area Board of Examiners at an early date to be finally examined for the purpose of fllling the existing vacancy of second lleutenant in the company. - Corpl. Lloyd rated highest of all applicants taking the examination held recenty. Contrary to custom, the District National Guard will not participate in the forthcoming inaugural parade. Conforming with the President's de- sire that the parade be short, the officials in charge of the ceremonies were forced to eliminate the guards- men along with many others who were desirous of the honor of a place in the procession. However, many of the men who have marched in other inaugural parades will no doubt be content to. view the spectacle from the shelter of stands and windows. The resignation of Capt. H. H Leizear has left a vacancy in the ranks of the District National Guard riflemen that will be hard to fill. His years of service as member, captain and coach of the guard teams were crowned with success. He built up an interest in rifle shooting among the guardsmen that will not soon dis- appear. Himself an excellent rifle shot, having won the President's match and many other trophles with both the large and small bore rifles, his great experience made him most valuable as a coach and captain. T der his direction the District Na- tional Guard team won places in the first division at the national rifle matches the last two years. Lieut. J. C. Jensen has temporarily taken charge of rifle practice. Lieut. Jen- sen is an experienced rifleman, hav- ing been a member of the national match teams for many vears and a member of the international small bore team Company E and Headquarters and Service Company are shooting the second stage of the National Rifle Association company team match. Staff Sergt. Lloyd T. Meeds is captain of the E Company team and Technical Sergt. Frank B. Kaye is captain of the Headquarters and Service Com- pany team. The regimental rifie team match will commence February 28 and ex- tend to March 21. The National Rifie Assoclation regulations require that 15 members compose the team, the 10 high scores to count. All branches of the regular service, the National Guard of the various States and the Organized Reserves will be repre- sented in the match. The Company C basket ball team won from the Knights of Columbus team by the narrow margin of two goals Thursday night. The guard team broke away from a 16-16 tle in an extra period of play. Pvt. Schallenberger, a new member, scored two field goals for the guards in the extra half. The final score was 20-16. Goetz, Coanshock, Andrea and Schal- lenberger alternated as forwards, Mushake played center, Conlyn and Jonshon played guards. Capt. William H. Crosson, Corps of Engineers, Philadelphia, Pa, has been ordered to Washington, D. C., to inspect the National Guard units here. The dates for the inspection are as follows: Headquarters, 121st March 24; Company A, 121st Engl- neers, March 25; Company B, 121st Engineers, March 26; Company C, 121st Engineers, March 37; Headquar- ters and Service Company, 121st En- glneers, March 29; Company A, 1st Separate Battalion, Infantry, March 30; State Staff Corps and Depart- ments, March 31; officers of 29th Di- vision Staff, March 31; Company D, 121st Engineers, March 31; 29th Mili- tary Police, April 1; Company E, 121st Engineers, April 2; Medical Detach- ment, 1215t Engineers, April 3, and Company F, 121st Engineers, April 3. Engineers, Corpl. John W. Jackson, Company F, 121st Engineers, D. C. N. G, has been promoted to the rank of ser- geant. The promotion was made upon recommendation of Capt. Thomas F. Lane, The following promotions were re- cently made in Company B, 12lst Engineers: Pvt. (Ist class) War- ren A. Slee and Pvt Isadore Frank, to be corporals. Capt. Ralph S. Childs commands Company B. ‘ Company C, 121st Engineers, Capt. Willlam F. Jorgensen, commanding, will be given a stag party at the City Club the evening of February 28. The entertainment is to be & reward for having disposed of more tickets to the recent anniversary regimental dance than any other company of the organization. Sergt. John Scricker has been se- lected as coach for the rifie team of Company C, 121st Engineers. Twelve thousand railway cars are to be bought at once by an English No pain at all! “Freezone” on an. aching corn, in- stantly that corn stops hurting, then shortly you HLift it right off with Your druggist sclls a tiny bottle o Drop a little AMERICANS CONSIDERED WORLD’S LARGEST GIVERS In the last decade the total of public gifts aggregating $1,000,000 or more, excoeds $2,000,000,000. Not many years, ago says the magazine of Wall Street, this was more than the total of our national debt. The annual total of all public gifts, including those hundreds of lesser donations rhich are mentioned only in local newspa- pers or not mentioned at all, is im possible to calculate. But it is putting the case mildly to say that as well as being the world's greatest accumulators of wealth, Americans are the world's greatest givers of wealth for the benefit of the many. 3 Rl WHEAT PRICES JUMP. Sharp Advance on Prospects of Decrease in Supply. CHICAGO, February 21.—Pre-holi- day evening up of accounts, together with prospects of a liberal decrease of the United States visible supply total on Tuesday next, led to a sharp advance In_wheat prices today just before the finish. The close was firm, 1% to 2% .cents net higher—May 1.86% to 1.86% and July 155% to 156%. The corn market advanced, sympa- thizing with new strength in wheat. Corn closed firm, % to % cent. met higher—May 1.29% to 1.29%. EXCHANGES SLUGGISH. British and French Rates Go Low- er During Week. NEW YORK, February 21.—Forelgn exchanges were sluggish during the week. Deraand sterling fell below $4.76, and French francs continued to waiver as vague talk of a capital levy and additional foreign loans drifted out of the discussion of France's financial problems. “The con- tinued ease of money was emphasized as the rate for call funds held at 3 per cent over the holiday. BUTTER SALES HEAVY. Twenty MilHon Pounds Taken From Storage in Month. Special Dispatch to The Star. CHICAGO, February 21.—Cold stor- age holdings of butter are 20,000,000 pounds lower than a month ago, when 65,654,000 pounds were being held. The 45,800,000 pounds in storage now total 30,000,000 pounds over a year ago. ~ Stores of American cheese, amounting to 41,500,000 pounds, are 8,000,000 pounds under a month ago, but 1,000,000 larger than this time last yvear. MORE TURKEYS RAISED. Philippines Report Conditions Are Most Favorable. A survey recently made by the Bu- reau of Agriculture of the Philippines shbws that ideal conditions exist for the raising of turkeysin the provinces around Manila. The increasing de- mands for turkeys during holidays has made them profitable. The bureau found that the small size of the pres- ent Philippine turkey was due to con- tinuous inbreeding of unselected stock and Inadequate feeding Wall Street Features. By the Associated Press. NEW YORK, February 21.—An extra cash dividend of 10 per cent on the com- mon stock of the Quaker Oats Co. was declared today in addition to the regu- lar quarterly disbursement of 3 per cent, both payabie April 15 to stock of record April 1. The regular quarterly 13% per cept on the preferred also was authorized. Directors have recommended that the outstanding common stock of $100 par value be exchanged on the basis of one share for four of no par value. David A. Schulte, president of the Schulte Cigar Stores, said on his de- parture for Europe today that net earn- ings for 1924 would be about $1,000,000 more than the year before, and present indications were that the figures for this year would be 10 per cent ahead of last year. The Douglas-Pectin Corporation's re- port for 1824, Including its subsidiaries, Douglas Packing, Ltd., and, the Ofi Emulsion Corporation, shows surplus of $383,771, equal to $1.27 a ghare on the no par value capital stock. The previous report for the last nine months of 1923 placed surplus at $291,219,.or 97 cents a share. Improved business of the Amalgamat- ed Silk Corporation in the last half of 1924 enabled ti company to report net income of $54,099, in comparison with a net loss of $1,280,430 in the first six months of the year. The Royal Typewriter Co., including domestic subsidiaries, earned $2.29 a share on the common stock in 1924 aft- er allowing for preferred dividends. Net income was $572,760. FOREIGN EXCHANGE. By the Associated Press. NEW YORK, February 21.—For- eign exchanges easy. Quotations (in cents): Great Britaln, demand, 475% ; cables, 476; §0-day bills on banks, 472%; France, demand, 5.21; cables, 5.21%; Italy, demand, 4.09%: cables, 4.09% 3y Belgium, demand, 5.03; cables, 5.03%; ‘Germany, 23.80; - Holland, 40.05; Norway, 15.22] Sweden, - 26.91+ Denmark, 17.77; Switzerland, 19.21% Spain, 14.20; Greece, 1.59; Poland, 19%: Czechoslovakia, 2.96%; Jugo- slavia, 162; Austria, .0014%; Ru- manla, .50% ; Argentina, 39.45; Brasil, 11.20; Tokio, 33%; Montreal, 99 29-32. ‘WEEKLY BANK REPORT. NEW YORK, February 21.—The actual condition of clearing house banks and trust companies for the week shOWS an excess reserve of $15,616,750. This is a decrease in re- serve of $35,029,370 compared with last week. Lift Right Off With Fingers “Freezone” for a few cents, suf- ficient to remove every hard corn, soft corn, or corn between the toes, and the foot calluses, without sore- hess or irritation. ¢, FEBRUARY 22, 1925—PART 1. BOY S Mount Vernon is in the mind of every Scout today, not only because this is Washington's birthday anniversary, but because tomorrow is a holiday from school, and Scouts of Washington and vicinity make their fourth an- nual patriotic pilgrimage to the tomb of the father of our country. More than a thousand Scouts are expected to make the trip because of the low fare granted by the rallway company and the free admission to the grounds for the anniversary cere- monies. Scouts will leavo from Four- teenth and B streets northwest at 9:16 am., and will be joined at Arlington” Junction by _the troops trom nearby Virginia towns that are under the Washington Council, while Alexandria Scouts will join the party later. As in previous years, the Drum and Bugle Corps of Troop 49, under the direction of Scoutmaster John S. Cole and Sergt. Henry Loveless, will head the procession in its March from the Mount Vernon gates to the tomb. Troops will carry American and troop flags, and will march by divi- sions. At the tomb Eagle Scout J. Wilson Loverton will sound the calls, Lieut. Comdr. Thomas L. Kirkpatrick, C. €., U. S. N, will speak, and the Scouts will renew alleglance to the flag and to their vath and laws. Two wreaths will be placed by Eagle Scouts, with all other Eagles present acting as a guard of honor. One wreath will be in the name of Boy Scouts of Washingtoy and of the Nation, provided by contributions of local troops, and one in behalf of the great celebration being held at the same hour by &ll the patriotic societles of Washington, In the new Auditorium. National President ingstone, Commissioner Barry and L. A. Snead, president Washington Council, will be in at- tendance, together with the deputy commissioners, fleld executives and many scoutmasters and other officlals Following the exercises the day will be spent In test passing and games outside the Mount Vernon reservation. A new activity of the Camp Roose- velt: tribe of the C. M. is the or- ganization of a number of teams of experienced Scouts who will be pre- pared on short notice to render as- sistance to new troops, conduct scouting demonstrations and other- wise ald the progress of scouting. Phillp Herrick, president of the C. M. O, had the leaders together at his home for perfection of the plan last Saturday. To date six teams are belng organized, with the idea of be- ing available in any section of the city. They will be led by Scouts George Wales, Troop 15; Ben Morgan, Troop 42; George Strong, Troop 57 Bradford Abernethy, Troop 63; Al bert McPherson, Troop 74, and Burdge Caton, Troop 126. A C. M. O. pennant of unique and attractive design has just been made avallable to members, and may be secured at Boy Scout headquarters. The high rank of Lagle was granted by the Court of Honor at its last session to Scout Alexander Hulse of Troop 10. Hulse makes the ninth Eagle Scout in this progressive troop that meets at the Ninth Street Christian Church, and last year won the post trophy advancement cup. Recent promotions of scouts have been made by the Court of Reviews as follows: To first-class—R. Cooper, Troop 99; J. Bover, Troop 99; R Spire, Troop 29; J, Ballard, Troop 100; G. Kelly, Troop 93; Joseph Fenton, Troop 101; J. Cotton, Troop 52. To second-class—W. Albon, Troop 105; J. Woods, Troop 86; H. Boze, Troop 42; R. Kraft, Troop 105; R. Simpson, Troop 93; B. Phillips, Troop & Dryzer, Troop 85; H. Crenshaw, Troop #2; D. Digges, Troop 100; R. Weigel, Troop 33; G. Brunner, Troop 64; W. L. Garlick, Troop 45; M. David, Troop §; Garland Bell, Troop 48;: B. Frazier, Troop 51; E. L. Tolson, Troop 63; P. Wedding, Troop 105; C. Reeves, Troop 63; O. Ross, Troop 22; H. Lyon, Troop 42; L. Buscher, Troop 92; J. Stoy, Troop 45; F. Hawkins, Troop 110; S. Levy, Troop 73; B. Goldberger, Troop 15; B. Leet, Troop 37; Charles Roach, Troop 37; R. H. Burkhart, Troop 52; C. Conlon, Troop 52; R. Hird, Troop 52; C. Markham, Colin H. Liv- Mohun of the S COouTS Troop 52; D. McEntee. Way, Troop 52; N. Hunter. Troop 108; H. Moore, Troop 108; W. Moore, Troop 108; K. Taylor, Troop 108; P. Wohlfarth, Troop 108; &, Taylor, Troop 108; J. Silverman, Troop 116; A. Kidwell, Troop 119; E. Galther, Troop 118; W. Thomas, Troop 119: T. Altchison,” Troop 126 J. Walters, Troop 141; F. Rose, Troop 141; J. Loeb,” Troop 141; E. Lannon, Troop 143; F. Buckley, Troop 143; R. Nn- gent, Troop 143; H. Owens, Troop 143; F. Willlams, Troop 143; J. Bell, Troop 502, J. Bowie, Troop 502; I Jackson, Troop 502; E. Leftwich, Troop 502; J. Bowie, Troop 602; I Tilghman, Troop 502. - The Aurora Club, which meets in the Y. M. H. A. Building, has recent- ly furnished three men to act as scoutmasters and assistants for the new troop organized at the Hebrew Free Institute, Four-and-a-half and F streets southwest. Albert Silver will be scoutmaster, and David Rosenberg and Frank Wool assist- ant: Two new Hebrew troops are now in progress of organization, one at the synagogue at Fourteenth and Euclid northwest, with William Rablnovitz as scoutmaster, and one at Eighth and I northeast, with Sol Feldman as scoutmaster. From December 1 to the anniver- sary rally last Saturday 198 Scouts qualified for second-class rank, 50 for first-class, 24 for life and star, and 7 for the highest rank of eagle Scout. This is probably a record for any similar period in the history of scouting in Washington. The investi- ture ceremony at Central High School, when Ggn. Llovd M. Brett presented eagle and life and_star badges, and Commissioner Barry Mohun sealed the promotion of the first and second class Scouts, was a most impressive zffair, and the larg- est investiture ever held here. Such a ceremony will probably become a regular part of future anniversary celebrations. From Great Britain have come spe- clal anniversary greetings. They are sent by Hubert S. Martin, interna tional Scout commissioner, repre- senting the Boy Scout Association of Great Britaln. Mr. Martin writes as follows: “To the Boy Scouts of America: Brother Scouts. On tie occasion of the 15th birthday of the Boy Scouts Troop 52: R. 29 developing them in regular Scout work At the last meeting of Troop 23 six new Scouts were recelved into ful} membership. Thy were Charles Grego! Robert Parks, Bernard Ho cer, C: Carlson, Harry Nichols and Joseph Watscn. Scoutmaster Joseph . Stimson and Assistant Scoutmaster Harold W. Finch conducted the inves- titure ceremony. Senior Patrol Leader Jesse Stimson represented the spiri of scouting, and Patrol Leaders David Miller, James Topham and Howard Topham were e€ach in charge of gey. arate events This troop has just brought to . close a Scout advancement conteSi and Troop Committeeman H. L. Strang presented the prizes and congratulated the winners on their very good work Senior Patrol Lead Jesse Stimsos won first prize, a sheath knife, having made 1,425 points; Scout Joseph opr ham, second prize, a flashlight, with 918 points; Patrol Leader David Miller, third prize, book, and Assistant Patrol Leader Charles Gregofy, fourth prize, a Scout penknife. lefreshments followed the Investiture ceremony, and the troop voted for another €omg test to begin at once. Troop 73 held an interpatrol inspec- tion at the meeting last Tuesday eve- ning, at the Y. M. H. A, in which the Black Bear Patrol won, with 93 ponts: the Panther Patrol was second, with 90 points, and the Blue Buffalo Patrol third, with 88 points. Assistant Scoutt and Abbey Mintz conducted the inspection. Next Tuesday evening will be monthly int struction night for this troop. Troop 99 of St. Martin's Catholie parish will hold a parents’ night cele bration tomorrow mnight, with Re Paul H. Furfey presiding. There will be an address by Dr. John M. Cooper of Catholic University, the awarding of life, star and merit badges to thoss who have won them recently, and the investiture of the new first and ond class Scouts by F. B. McGivern, chairs man of the troop committee, and a vio- |1in solo by A: outmaster G. I | Daw. On a recent seven-mile treasure hunt held by the troop H. Dunning ton won first place, W. Augusterfer second and E. M danus third Troop 111 of Beth Md open house for parent the new Masonic Hall, Bethesda, last Friday night, with Scoutmaster C. Vi Hyson in charge. delegation of Scouts from Troop 57, Chevy Chase, under the guidance of Senlor Patrol Leader C. E. Waters, put on a demon- stration of scouting stunts and games. d da, of America, on February 8, I send you the most cordial congratulations and good wishes of your brother Scouts of Great Britain. Although geo- graphically separated by great dis- tance, we are closely united in the spirit of brotherhood which binds us together. The Scout movement has become a great chain of frigndship, stretching 'round the world, & chain in which you of the great United States of America form a very im- portant link. We shall think espe- cially of you on February §, and our cordial good wishes for your happi- ness and prospetity will be wafted across the seas.” Fleld Executive Edgar J. Cavanagh has arranged for a rally of Scouts from the different Catholic parishes at the Truxton Theater, North Capl tol and Florida avenue, next Frida evening, February 27. The Bell Tele- phon Co. will give an interesting demonstration of the workings of a modern switchboard, and there will be other special stunts. All Scou are welcome. Two troops have planned extended trip tagking advantage of the vac: tion frém schools tomorrow. Troop 20, with Scoutmaster Worth E. Shoults and Deputy Commissioner C. G. Schlaefli in charge, are spending sev- eral days at Camp Roosevelt, on Chesapeake Bay, and several mem- bers of Troop 100, with Scoutmaster Dan J. Tyrrell, are touring the Powelli Fort and Massanutten coun- try in the projected Shenandoah na- tional park reservation. Troop 10 of Ninth Street Christian Church recently distributed some 5,000 circulars for the church as their good turn in connection with the special meetings being held there. Troop at the Church of the Covenant, Eighteenth and N streets northwest, is now well organized with about 25 boys in attendance. Scoutmaster A. S. Frink is rapidly 25 The Crescent—$ Rooms and Baih. Payments 350.00 For A1 Troop 114 of Berwyn, Md., Is plan: | ning a parents’ night for next Friday | evening, when it will conduct an i vestiture ceremony and cut a birthday | cake in honor of scouting’s fifteentii | anniversa | Troop | been reorganiz | Taylor as scoutmaste | R. H. sargent, map-making exami- | ner, win demonstrate methods ang give instructions at the training course for cglored scoutm at the colored | branch of the Y >, A. next Wed= | nesday evening Holbrook nounced that it is important who have been taking the eours present. Troop 508, at St is planning an | Patrol leaders Stokes; 116, Riverdale, has T or all ¢ to be A re’s Church interpatrol contest! are Eagle, Louid Beaver, Milton Hawkins, and Buffalo, Andrew Camfbell. James Hillman was recently elected a pat leader, and George Leftridge, scribe. Scoutmaster Leo P. announces that the troop comn has offered a special prize to the pa trol making the greatest advancemen? during the next five months. 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