Evening Star Newspaper, March 22, 1925, Page 38

28 BUYIG I STEE TURNS ESS ACTNE Price Tendency Appears To- ward Lower L:vels—Re- view of Other Metals. By the Associated Preks. NEW YORK, March 21.—Operations in the steel trade have continued active roduction appears in excess of during the week, but » be running considerabls are showing rs the uite active, but the s quieted down. and the tendency of value ms to be to- ward a slightly lower legel this a count the demand for second quarter de- shows hesitat The demand for pig iron has been fair in some localf- ties, aithough, generally speaking, sales ave been small and the undertone only about steady Copper More Steady. Copper has shown tendency _to around the 14%-cent level. This ed to bring in a little more both exporters and buy- consumption, and the d to have conside: to buy for their The new husiness, and buye less cagernc In some qua demand still ¢ trade in general is are suppo copper yet jarter requiremen ain m further while markets settled as frerings, the y advances at the result of ducers were @ electrolytic tnside p Review of Other Metals. Tin ruled easier because of weakness in YLondon, but later improved on sub- stantial buying by consumers and cover- ing by speculative shorts. Lead held comparatively steady. De- mand for prompt shipment was fair, but buyers are cautious, as consumption is lagging in most lines. Zinc, although firmer, was quiet. Its strength was due to moderate stocks and the firmness of ore. Antimony showed further weakness ng to increased arrivals. SALES OF PIG IRON MAKE 7.000-TON GAIN IN WEEK By the Associated Press NEW YORK, March of DI iron in the New York market this week reachied 10,000 tons, an increase of about 7.000 « the preceding week. New inquiries were said to be showing signs of broadening. Leading authorities in the Eastern district con- der the plg fron market is better han it has been for several weeks. significant factor being the diminish & imports of foreign iron. Pric were somewhat ea ton Buffalo. and Pennsylvania. of slight available Aweve some king mained 21.—Sales CLOTH MARKET ACTIVE. Activity in Wash Goods Is Sat- urday Feature. NEW YORK, March moods were quist today on sheetings and print 21.—Cotton with prices cloths fairly 3 "tivity in novel wash goods satured the market. Yarns were auiet and easier. Raw silk was un- changed for the day. a holiday at Yokohama leading to few cal laps were quiet. Woolen and worsted mills were less active owing to slow development of Fall business, Sk printed fabrics were active WALL STREET BRIEFS. NEW YORK, March rary stiffening of call s expected next week as a result of the deficit in reserve shown in today's olearing house statement and the an- ticiputed increase in the demand for funds in order to meet April 1 ma- turities. Temporary credits granted the United States Treasury .v the Federal reserve banks also are gener- ally withdrawn on the completion of tax payments. 21.—A tempo- money first time in the history of mpire Steel Corporation for 1924 showed that the bond interest had not been earned Net loss after depreciation, Interest and other charges was $2,912,387 In contrast to surplus of §1, 5 in 1923, For th the British its report Declaration of a quarterly dividend of 215 per cent on the stock of the Lawyers' Title and Guaranty Co. to day placed it on a fixed 10 per cent basis, previous disbursements ng been 2 per cent quarterly, with ons extra of 2 per cent. Profit of $3:9,983 reported by the American Zine ‘ h Lead and Smelting Co. for 1824 affected by deprecia- tion and depletion charges of $42 leaving a deficit of FOREIGN EXCHANGE NEW YORK, March ges steady. Quotatlons (in cents Great Britain, demand, 4.775% : eablos 478 60-day ' bills on Banks, 4.74%, France, demand, 5.18:. cable Italy, demand, 4.06% : cables, 4.06% Belgium, 5.06. ¢ $0. ‘Holland, 29.56. Nor Sweden, 26,93, Denmarik, a1 Poland, 191 ugostavia, 1,081, Rumania, 8%, Ae. Brazil, 11.20. Tokio, 743 Montreal, 9 ‘oreign ex- 001415, 39.6 angh gentina, 9% MINNEAPOLIS, Minn Flour. 17 to 30 higher at 9 barrel; shipments, 38,389 barrels. 0. Wheat, cash; No, 1.58%a1.6114 Corn, No. Onts . March Bran, Northern, No, PRICES OF CASH GRAIN. CHICAGO, March 21.—Wheat, hard, 1.64; No. 4, hard, No. 2, mixed, 1.16% Oats, No. 2, at7 Barley, 6.50, Clover seed, 16.70. Ribs, 18.95, 0. 3, L.57%. Corn, ellow, 1.20, “[ORE GUSHERS COME IN. DENVER, March 21 (Specfal).—Two more gushers have been added this week to Colorado’s oil production. The Whit- taker well of the Union Oil Co. of Cali- fornia, in the Fort Collins district, was drilled in at 4,476 feet and spouted over the Lop of the derrick. Well No. 2 of the Midwest Refining Co., in Moffatt County, came In with a flow of ap- vroximately 4,500 barrels. CHICAGO DAIRY PRICES. CHICAGO, March Creamery extras, 481 extra firsts, 46a47 seconds, 34436, figher; receipts, ordina; firsts, 21.—Butter— standards, 481 ; sts, 40%addis; 6,141 cases; firsts, 28a281%s ; storage pacl CHICAGO STOCK MARKET. CHICAGO, March 21. — Libby-Me- Nefll, 7%; Mlddlewest Utilities, 97%; Swift & Co., 112; Swift International, Unton Carbide, 67%; Fair, 33% rates | Peaches 3 Weeks Ahead of Last Year in South Special Dispatch to The Star. FORT VALLEY, Ga., March 21.— The peach crop is two to three weeks ahead of last year's, owing to the warm weather. This is ex- pected to prevent congestion of the market, which had such disas- trous results in 1924, The crop will be smaller than usual, but the fruit will be larger and better flavored. ENGLISH VISITORS SEE BOOM DUE IN AMERICA "A“ Optimism of United States Is| Justified, Declare Busi- | ness Tourists. Correspondence of the Assoclated Press. LONDON, March 3.—There is a §0od time coming for the United States, according to Edward Hilton Young, member of Parliament for Norwich and @ former financial secretary to the treasury, who has just returned from a trip to America. Americans, Mr. Young says, are per- fectly justified In indulging the ex- pectation that they are in for a period of prosperity. They are turning to the Old World for the employment of their capital. Many new businesses are heing established and the ncome | from them, fo a large extent, is likely {to be employed in the Old Worle Sir Charles Sykes, woolen manufae- ver of Yorkshire, is another rec rrival from America, who discovered | nany signs of improvement in most | iches of industry durlng his visit. The Americans.” declares, abundantly justified in their that the year 1925 Is going to show & great improvement in the trade of the world.” INITIAL AND EXTRA DIVIDENDS VOTED By tha Associated Press. NEW YORK, March 21-—An inltial quarterly dividend of 2 per cent and an extra dividend of 1 per cent have been declared by the Mountain and Gulf Oil Co.. which is controlled by New Bradford Oil Co.,, Both are pa able April 15 to holders of record April 1. CURB STOCKS ERRATIC. | Saturday Market and Moves Dur- ing Week Are Very Uneven. NEW YORK, March 21.—While a number of industrial Issues were in supply at moderate concessions on the Curb Exchange today, there was evidence of aggressive buying In other sections. Public utility stocks maintained a strong tone, being i fluenced to some extent by an ad- vance of 10 points in Carolina Power. National Power also made a further substantial gain, moving up 8% points to 230. Brooklyn Borough Gas was established at a new high for the movement with sales at 77 and 80. The curb market fluctuated over a wide range during the week, being unsettled in the first three days be- cause of liquidation of holdings car- |ried in stock exchange accounts, which were impaired by the heavy crumbling away of values on that board during the period of convul- sive selling. In the last half of the week, however, there was a return of confidence, which included even the radio issues that had been under continued pressure for two months. EXCHANGES HOLD FIRM. Strength in Japanese Yen Has Now Been Explained. NEW YORK, March exchanges held relatively firm during the week, demand sterling ruling be- | tween $4.77% and $4.78% and French {francs between 5.14 and 5.19 cents. The recent strength of Japanese yen, which crossed 41 cents to a new high level for the year, was explained by the transmissior. to the Orient of the proceeds of recent dollar loans floated here. The support accorded by the 'Norwegian government to its own currency also sent the rate on that country to a new high around 15.50 cents. WHEAT MARKET BREAKS. Heavy Profit Taking Causes Sharp Saturday Tumble. CHICAGO, March 21.—The wheat market underwent a sharp reaction today as a result of selling to realize profits. The close was irregular, ranging from % net decline to 1 ad- vance—May 1.68% to 1.68%, and July 144% to 143 Corn also turned weak, shipping demand continuing poor and the wheat market failing to hold up well. iCorn finished unsteady, % to 1% net | {lower; May 1.161: to 1.16%, and July | s to 21.—Foreign WOOL MAB.K.ET WEAK. BOSTON, March 21 (Special).—The raw wool market closed the week quiet, hut with dealers registering more confidence than for several day regarding the price situation. W/ the closing of the London sales they professed to see the domestic market stabflized at present level SPAULDING PEOFITS DROP. NEW YORK, March 21.—Net profits jof A. G. Spaulding & Bros. declined in 1924 to $1,081,682 after deprecla- tion, interest and Federal taxes, com- pared with $1.411,658 in 1923. This is equal to $13.03 a share on the com- mon stock after preferred dividends, against $19.38 a share.the year before. OIL AND GAS EARNINGS. NEW YORK, March 21.—Earnings of the Independent Oil and Gas Co. for the first quarter this year are imated at $991.000 after expenses but before depreciation and deple- tion. This would compare with ac- tual earnings of $794,372 in the pre- ceding quarter. WEEKLY BANK REPORT, , 3W YORK, March 21.—The actual condition of clearing house banks and trust companies for the week shows a deficit in reserve of 3$21,819,- 470. This Is a decrease in reserve of $37,250,470, as compared with last week, when there was excess reserve of $15,431,000. ROADS EARNINGS GROW. NEW YORK, March 21.—The Feb- ruary report of the St. Loulis-San Francisco Rallway shows an increase of $137,000 in net operating income to $1,601,000, compared with the same month last vear. galned $312.000 to $6,939,000. plus after charges was $338,000, an increase of $125,000. PARIS BOURSE STEADY. | William Dukes, THE SUNDAY STAR, WASHINGTON, D. C., BOY SCOUTS Buccessfu! completion of the two- year financial campalgn furnishes an indorsement of scouting on the part of ‘Washington citizens that will give new courage and enthusiasm to the many scoutmasters and assistants and the large force of other examiners and troop committeemen who are helping to make the movement so successful here. This gratitude was expressed In a letter from C. M. Marsh, deputy commissioner of division three, addressed to Huston Thompson, chairman of the campalgn, and read to the workers on the last da Deputy Commissioner Marsh sald: “Every scoutmaster in the ity rejoices Your spirit of devotion to duty is an inspiration to us to continue our own work: and we most gratefully express our appreciation to the loyal men who have given us not only of their n but of their energy, their time and their health.” There is no doubt that the to continue among th its position of leadership cities of its population ciass ntry, where for three succes- it has been at the top. Scout Executive Idward D. Shaw was called to Boston last week by the death of his father and the serious illness of his mother. While there he received news of the death of a cousin in a dis tressing automobile accident, and was obliged to remaln to attend this second funeral. Te returned to Washington on Wednesday Teams of inspectors are now busy in the annual check-up for The Evening andard Troop Inspection Trophy for the cup is more intense thi than ever before; and it will take to the end of the contest period, May 1 to determine who the winner will ifteen troops at least arc in the niug for first place; and many troops than last year will reach rating of “standard,” entitling Scouts to wear the red star of efficiency over the right breast pocket. Inspection covers nearly every detall of troop ac- complishment and organization. On Saturday, March 7, the Pe-An-Ke- Shaw Tribe, of Division IV took nine candidates through the first degree of the initiation at their néw meeting place in the Immanuel Baptist Church, at Sixteenth street and Columbia road northweat. The Scouts initiated were James Boswell and y Glassford Troop 1; Rush Lincoln, Edward Hub- bard and Ben Mory , Troop 42; John Fisher, Troop 44: Morton Silverburg, Troop 49, and William Gordon and Edward Russcll, Troop, #1. After strenuous initiation, members of the Tribe adjourncd to bowling alleys for recreation, following sfreshments Th Pe-An-Ke-Shaw bowling team challenges any troop team to a meet, which may be arranged by calling retary, at North 1839 run mior Troops of Division I w indoor meet in the gymnasiur Sherwood Presbyterian Church, hold an of the Twenty- northeast, on Friday evening, April 3. All registered scouts “in the division, under 18 years old, are eligiblo to com- pete. There will be two classifications Class A, under years; class B, 15 to 18 years. The Schlaefli up will be awarded the troop making the highest score In both classes, and shields to the winners In each class include inspection, attenda phore and Morse signaling, knot-t; bandaglng, marksmanship, vell -ul\vv~v fire by bowdrill and by flint-and-s and a six-man pyramid. Ficld Execu- tive J. P. Hovey and Deputy Commis- sioner C. G. Schlaefli will be in charge. Mr. Rudolph Malth, formerly ant scoutmaster of Troop & the Hine Junior High School, was pointed scoutmaster of Troop 67. at a meeting of the troop commitien Trinity Methodist Episcopal Church last Tuesday evening. Regular wiil be held at church at 7:30 p.m. assist- at the Dbeen active Hine Junior recently ap- by G. B. Gerdom, who has in assisting Troop 59 at the High School has been pointed assistant scoutmaster troop committee. Troop 50 of the € ren has started a curfo collection. urch of the Breth- troop library and Paul Hammer, of Troop 0. home with illness assistant scoutmaster The swimming meet for the Second Division, %on Friday cvening, March at the Boys' Y is promising some very unusual and interesting stunts. Scon ing's old friend Commodore Long- fellow of the J can Red Cross, will be on hand to supervise the meet and give some of his thrills on water stunts. Mr. Reese of the Red Cross Life-Sav- ing Division, gave the Scouts of the division & real treat last week by dem- onstrating the work of his department in the pool at the Boys' Y. The Second Division field mest this year promises to surpass all others both in attendance and resuits, the location of the meet being at Lugenbeel's in Randle Highlands, which s most fa- miliar ground for Scouts of this division Atbn 3500ue s 400 4QCenrS Constipation Flatulence Diarrhea PARIS, March 21.—Prices were steady on the Bourse today. Three per cent rentes, 47 franes 10 cen- times. Exchange on London, 92 francs 12 centimes. Five per cent loan, 56 francs 70 centimes. The dol- lar was quoted at 19 francs 26 cen- times. lof this campalgn will help Washington | The date time is almost all day. the field events listed for the meet, there will be several treasure hunts, Interesting games and’ evening camp fire with several well known artists, who will dispense ghost storles, with real ghosts. Teams are being picked by the troops this week, and practice has already begun. aturday, April 18, and the In addition to March 1 found Troop 63 of the Calvary Baptist Church still leading the Second Division with 81 per cent of the troop advanced above the tender- foot class; Troop 93 of the Holy Com- forter School a close second with 78 per cent advanced above the tenderfoot class, and a record advancement for the month of six first-clas: uts and two second-c roop 73 of the Young Men's Hebrew Association third with 75 per cent of the troop advanced above the tendeffoot class. meet will be Club next Satur- | Division HI swimming held_at the Racquet da evening, March Teams from the troops of this division have been crowding the pool at the Boys' “Y" for several weeks getting in practice for this event Deputy Commissioner C. M. Marsh reports more enthusiasm . for this contest than for any recent dl- visional affair proposed. A big time game is on the baards for April 28, when awards will be made to new Life, Star and Eagle Scouts of the Ve, | the | second street and Rhode Island avenue | ents will |, ing, | meeting at | - | etings | Tuesduys | the | has been confined to his | Fourth Division in the auditorium of | Powell Schaol. L. A. Snead, president lof the Washington Council, will be the peaker. At that time also prizes will be awarded to the winners in the Fourth Division field and athletic meet to be [ held April 18, on the new U. S § Athletic Grounds at the Basin test and lockers open | for the use of the Scouts. Deputy | missioner E. L. Mattice invites Scouts {of all the other divisions to be guests of the Fourth that night Tidal rooms will be With Scoutmaster Dan J. Tyrrell In charge, Troop 100 held its annual troop night celebration in the assem- by hall of the Central Y. M. C. A. last evening. The program included some surprise features, and was the success that Troop 100 affairs usually are. As- sistant Executive H. B. Holbrook spoke. A nation-wide good turn audit is under way in Scoutdom, the 585 coun- cils being intimately concerned with this yearly check-up. Records daily { reaching the national office centers total thousands of hours of | service in the interests of the respec ve home towns. Statements of Ic | troops’ participation in campaigns for ommon welfara indicate that Scouts’ “participating citizens” have value to communities florts as | proved of ‘. Twenty members of Troop 73 assisted |the Young Men's and Young Women's | Hebr Associ at the City Club |last Tuesday evening on the occasion |of their tenth annual ministrel show and dance. Assistant Scoutmaster | Benjar Tarshes was in charge of | the Scouts. Next Tuesday evening the troop w the monthly patrol in- xpection March” 31, they will | have a instruction in scout tests. | . il Bartsch of will lecture on the s requirement in nature study Wednesday evening meeting of colored leaders’ training ourse this week. The meeting will 1ol at tha Twelfth!strest braseh of | the ¥. 3. € and is open to all Scout - | reaers. Scout A special religious service for colored outs and scoutmasters will be at the Jlorida Avenue Baptist Chure Shave In Comfort With' Cuticura Shaving Stick This_delicately medicated anti. septic Shaving Stick produces a creamy lasting lather enabling ten- {da-heed men to shave withoutany irritation. even twice daily. It leaves the skin smooth and fresh and makes shaving a pleasure. Cuticura Talcum is an ideal after-shaving powder Soap . Olatment 2 und 1. Taleom Je, Sold mn Semple’ ench frec. ¥ 3% Madin, BHF Cuticara Shaving Stick 25c. MOTHER' Fletcher’s Castoria is a pleasant harmless sub- stitute for Castor Oil, Paregoric, Teething Drops and Soothing Syrups, prepared for Infants in arms and Children all ages. It has been in use for more than 30 years to safely relieve ‘Wind Colic To Sweeten Stomach Regulate Bowels Aids in the assimilation of Food, promoting Cheerfulness, Rest and Natural Sleep without Opiates ‘To avoid imitations always look for the signature of o Hiln Proven directions on each package. Physicians everywhere recommend it. from these | held | MARCH 22, Sixth street and Florida avenue north- Wwest, on Sunday evening, April 5. Rev. W. A. Taylor, the pastor, will preach a speclal sermon, and an effort will be made to {ncrease the interest of parents in the Boy Scout movement. BRITISH WAR WIDOWS ARE SLOW TO REMARRY Result Is Very Slight Relief for Taxpayers in Matter of Pensions. Correspondence of the Associated Press. LONDON, March 4.—British war widows seem loath to take unto themselves a husband for the second time, and, because of this coyness, the British taxpayer has to suffer, When the ministry of pensions sub- mitted its budget in March, 1924, for the amount of money to be pald In pensions to war widows, it estimated that 7 per cent of them would re- marry dyring the year. Unfortunate- 1y, the calculations were wrong, for, up to the present time, only 4 per cent have discarded their widow weeds. Consequently, the exchequer has had to grant an extra $10,000,000 to pay their pe 1925—PART 1. Radeff, said: tio: in common. “Although Bi terests, she bly textiles cattle and sheep. ACCORD BETWEEN TURKS AND BULGARIANS NEAR Correspondence of the Assoclated Press. CONSTANTINOPLE, February Negotlations are to be resumed with- out delay at Angora for the restoration of friendly and commercial relations be- tween Bulgaria and Turkey. the Bulgarian plenipotentiary, before his recent departurs for Angora, “The work of restoring diplomatic re- lations between Turkey and my country already has made much progress. portant detafls now engage my s neighboring states, Turkey and Bulgaria have many It is my task to co-operate in the arrangement of a mutual agree- ment for the furthering of these inter- ests, which are vital to both countries. igaria industrial state, with manufacturing in- is’ able | with some manufactured the other hand, Faria needs many natural products com. | WIthout the greatest diffculty ing from Turkey. Bulgaria can supp on WARM WEATHER Lack of Snow Proves e riment to Operations. Simeon The unusually which has mild Wi been experie Baltle states, has effects in Finland, timber trade, which has Iy hampered. Widespre ment has brought dimi purchasing power of tion of the people, and the market for commoditi Finnish timber han upon snow for hauling. during the Winter sea rivers swollen by possible to float t | This y | tmpossible, and | Bast had expe. Im- atten- economic interests s only partly an to supply articl Turkey s, not Bul- only in hax the lumber he A state lunch in Chin; dishes Of natural products v Turkey with wheat, FINNISH LUMBER TRADE Logging Correspondence of the Assoclated Pres HELSINGFORS, Finland, March 1.— | last few months throughout all the ar huuling has been HURTS g ot for Punctuality. WARRI Thomas Corecoran, England, devotion to duty single minute nter weather | % Enus nced for the| Byl good night's rest. far-reaching E°p% 1€ clally on the been serfous- ad unemploy- nution in the watch by his employers. NEVER LATE IN 50 YEARS. English Worker Gets Gold Watch Correspondence of the Associated Press March 2. an employe in & soap works here, believes in punctuality and During his 50 years employment at the works he has not Jout of time. The reason he gave for never being late wes that he went to bed early and had a gnition of his unique record Corcoran was presented with & gold large propor- | + reduction in diers depend | and usuaily | ason find the | ds, making it | r to market, | virtually orth and gotten ont werviee the a Includes 145 Basement |||IIIII|||||| IIIIIlIIIIIIIIIIIIIIII ; S S S = ;‘5 This heat is focused right on the cooking Before you buy an oil range, be sure it answers your one most im- portant question: “Does this stove cook quickly and efficiently?” * The right answer is found in the Florence — because it is built on the prin- ciple of focused heat. Florence burners are designed to send the heat straight up through the bottom of the pot, into what- ever you're cooking. The heat of the strong blue flame is focused right where you want it — not thrown out into the room and wasted. This means better cooking — quicker bill s. After you've used cooking — lower fuel the Florence for a while, you just can’t help hav- ing a friendly feeling for it. It lights so easily — at a turn of the lever. It’s so reasonable in its demand for fuel—and it burns one of the cheap- est fuels, kerosene. There are no wicks to trim. The famous Florence Oven takes all the gamble out of baking. Pies and cakes come out evenly baked and browned. Meats roast to just the right turn. Women like to own the Florence because its sturdy lines promise vears of good service, and its jet black frame and slnnmg enamel make any kitchen a happier place to work in. 15 E q This cut-away view of the Florenes burner shows how the heai is focused on ks [ ) Drop in at the store in a eritical mood and put to any test the oil range with the focused heat. s FrorexNcE Srove ComMPANY New York Office st 17th Street, New York, N. Y. Telephone: Stuyvesant 3196 Makers of Florence Oil Ranges, Floromes Overes, Fiorence Water Heators and Florence 04l Hoaters FLORENCE Oil Range Duplicate Key, 25¢ Bring your locks to the shop TURNER & CLARK WHEN YOU NEED A KEY You need our instant duplicating E 1233 New York Ave. A Good Stock to Select From at All Times FLORENCE oves N | CcooK 1 STOVES Phone Line 556 Anacostia, Thompson Broes. Furniture Store 1220-26 Good Hope Road D. C. A. MUDDIMAN & CO. 709 13th St. NW. Phone Main 140 Main 6436 13th Above Headquarters for Florence Oil Stoves for the Past 30 Years Electric Lighting Fixtures—Edison Lamps Let Us Give You an Estimate to Wire an Old House The Complete Line of Florence Oil Cook Stoves On Lib_erql Credit Terms—as Low as 50c a Week G