Evening Star Newspaper, December 17, 1926, Page 12

- + BIG YULE MELON $200,000.0C0 Christmas Gift Is in Form of 40 Per Cent Stock Dividend. By the Asso Sl NEW $200,000,000 % n form of a 40 YORK, Decem! T—A the Crucible the annual ¢ to $6, mas States 1 largest approved : commc mean of one paid by an indu Believed Justified. vilue of the new 1 he compute he mnew stock probably w aded in on a “when issued" withir the next few as Sibert H. Ga of the steel co ence of J. P and other di nouncement sued mext veteran cha an; vidend day of It is be- property tion of the finance committee,” an of- ficial statement said, “‘the board’of lirectors of the United States Steel Corporation has, unanimously voted to recommend td the stockholders, at the regular annual meeting of the corporation to be held on the third Monday of April, 1927, that the com- rapital shares of the corporation gncreased by 2,033,210 shares, which is equivalent to 40 per cent of the present outstanding shares, for the purpose of distributing them as \n extra special dividend to the corg: mon stockholders.”” Strong Financial Position. Fortified by a steady improvement in earnings, which for the three vidend | largest of a September 30 were the peace time quarter in history, the United on closes the | vear in the strongest financial posi- enjoyed. Net es rival the reven the best years since the dividend action was fitting celebration of the ilver anniversary. Its quarter of a.cen- Gary had been ve policies, with 1t ha s net inconfe dis- i in dividends., During the un- A war time’ prosperity for industry, when the corpora- than $363,000,000 in annual div- common 8 per cent in 1917. t returned to a b per the Fall of 1923, ar high of 169%. .The stock sold within about 2 points of its peak, but later fell back to 15314 and closed at 154%. Wall Street generally was surprised when the spectal meeting of directors was called to take action yesterday, in view of humerous predictions that the matter would net be considered . until next year. ————— PREFERRED IS OFFERED. NEW YORK, December 17 (#).— Offering of 17,000 shares of Federal Water Service Corporation.$7 cumula- tive preferred stock is being made at par and accrued dividend by Hale, raters & Co. ] 7 THE EVENING STAR, WASHINGTON, D. T, FRIDAY, DECEMBER 17, 1925. U S STEEI. m BUI corporaton sustites o proposed ao-| EMPLOYMENT AND PAY N i ‘On_the unanimous recommenda- REDUCEDIN NOVEMBER Both employment and pay roll totals in manufacturing industries were re- duced in November, as compared with October, the employment reduction amounting to 12 per cent, while pay roll totals dropped off 3.2 per cent, the Labor Department declared today. Employment in November also was 1.2 per cent less than in the same month of 1925 and pay roll totals were eight-tenths of 1 per cent less. November is usually a month when seasonal reductions in some industries are offset by increased activity in others, leaving the net change small, the department said, attributing the large falling off in employes’ earnings partly to a more general observance of Armistice day. el et s o POWER USERS BENEFIT. Potomac-Edison Voluntarily Cuts Rates in Maryland Counties. Special Diapatch to The Star. BALTIMORE, December 17.—Users of electric current in sections of Mont- gomery, Washington, Frederick, Car- roll and Allegany Counties are benefit- ed by a voluntary reduction in rates granted the Potamac-Edison Co. and its subsidiaries by the Public Service Commission. Residents of Montgomery County will be charged $4 a month on & six- room house and $4.50 on an_elght- room dwelling. The old rate was $6 a month. In the smaller towns the new rate will be $1.45, compared with $1.56, while the rural rate is $2, instead of $2.04. The new rates of the Northern Vir- ginia Co. are: Sixroom house, $4; eight rooms, 4.50; small towns, mini- . mum charges from 50 cents to $1.20 a month, and the rural from 50 cents to $1.50. The Waynesboro Electric Co,'s rates are $4 on a six-room house and $4.50 on an eightroom house, decreased from $6. In the smaller towns the minimum_charge will be $1.45, com- pared: with $1.56. - RECORD POWER OUTPUT NEW YORK, December 17 ().— Continuance of the high state of in- dustrial activity in the 12 Eastern States in which the Associated Gas and Electrical System operates is in- dicated by the highest power output in its history of 16,115,249 kilowatt hours in the week ended December 10. November sales of electric cur- rent were 16,5 per cent greater than a year ago. | For a ‘Boy’s Christmas: Saks “Karlton Jr.” Clothes!. OVERCOATS - A new measure of style. A new measure of quality at the price. Only the very smartest materials are employed in Karlton Jr. Over- —_— splendidly made. ubl faced fabrics, rayon ‘trimmed. ° Rayon cord braid and frog. Rich . plain colors. (Second Floor.) ¥ * ance. ooats, and their pat. - terns are the newest. Every coat is wool body lined, and splendidly - tailored. Regular and convertible collars., Sizes 7 to 18. Real Policeman’s Play Suits! $2.95 4-PIECE SUITS Clothes to give a boy pride in his appear- Stylish single- breasted and double- breasted models, in hosts of smart mate- rjals. EveryKarlton Jr. Suit has 4. pieces — Coat, Vest and two pairs of knickers. The utmost in value at the price. 'Sizes 7 to 18. Real Wild West Play Suits! $2 to $8.95 he Business OfMaking | ! Christmas Merr SAKS can help in that important business—as Saks has helped for lo, these many years! Indeed, the name Saks upon a gift has come to be taken as a hallmark of unquestionable quality and dis- tinction and taste. . . . So, for the friend whom you would truly compliment this Christmas, let the gift you send be a Saks gift! Ends Saturday! THE PRECHRISTMAS SALE OF $35, $40, $45 OVERCOATS AND SUITS $90.50 SEVENTY-FIVE per cent of the Suits and Overcoats in this event are our regular, bona fide $40 and $45 grades—either chosen di- rectly from-our own stock or duplicated from the same makers. Seventy per cent of the Suits have 2 pairs of trousers. Gray Elk Mocha Dress Gloves 33,45 EFINED; distinctive; unusu- ally fine in quality and workmanship. Contrasting black stitching adds an_adorning note. Also, Tan Cape Walking Gloves, $2.50; agd Tan Cape woollined Walking or Driving Gloves, $1.95. (First Floor.) 0’Coats: PLAID-BACK - materials and and Suits: OLLEGIATE models and models. S sale,.a regular event on the Saks merchandising calendar, brings you values which command attention and decisive action.—(Third Floor.) through Distinctive House Coats ‘10 HANDSOMELY designed; ; Double- The Great One! THE ANNUAL SALE OF ENGLISH BROADCLOTH SHIRTS FOR MEN! $].75 $9.45 $3.65 3 for $5 Genuine Leather House Slippers '3 to *5 EAL leather house slippers— the acme of ease and com- fort. Leather soles and ~heels. Plain models, or_edged in con- trasting color. Also a wide va- riety of felt house slippers, $1 and ‘$1.50. (First Floor.) 3 for $7 3 for $10 FACH. Shirt cut over our own patterns to insure proper, pre- EE grades— three qualities— three prices—but at Plain and Fancy “Interwoven” 1 30¢c 75¢ HOSTS of the newest hosiery developments. New patterns. New shades. Unlimited ranges in Cotton, Wool and Silk, in both plain and fancy effects, (First Floor.) Knit Monogrammed “. Fiber. - Mufflers 2.95 RXCH black-and-white effects iin high-grade Fiber Knit Muf- flers of exquisite workmanship. Trimmed with black-and-white fringe. Many patterns. Mono- gram woven in. (First Floor.) Outing Flannelette Pajamas for Men ’1.75 Olmmdefie Pajamas of o i ality. Cut fo utmost. comfort; tailored for ut. most wear. Attractive colors and patterns—in all sizes. (FirstFloor.) each price the . o uts tanding value in genu- ine English Broad cloth Shirts that, it will be your good fortune to have offer- A wide range for selec- tion, with all the realistic touches that imaginativé® little lads like. The outfits are complete at these prices. Wide Variety of Other Play Suits at $1.35 Up cise fit. Each Shirt tailored in keeping with Saks standards. Collar - attach- ed and neck- band styles, in sizes from 13Y%, to 17, inclusive. .A gift to make the young- ster swell with pride. Badge, club and everything! Sizes range from 4 to 12. Hats and Caps for Boys! $1.50 to $3.50 - Washington’s largest showings. Every type of Hat and Cap for Boys—in the very newest patterns, Unusual style touches. All sizes. % Boys’ Real Slickers 34.50-$4-95 Hats to Match, $1.00 Just the thing to ward | Y off colds in winter and wet i 4 | weather. Well made of i ed you! good quality rubber. Ce- mented seams. Strap collar; 410 10. | " Or, What Do You Say to These? W UL .$3.95 .$8.95 .$9.95 .$3.95 S ——— . .. 'All Purchases Boxed as Gifts. Egraving, if Required, Free Saks” PENNSYIVANIA’AVENUE AT SEVENTH Rich Brocaded Lounging Robes 13.95 ORGEOUS! Superb designs in Matelasse and Brocaded materials. * Striking shades. Con- « trasting satin facing and trim- mings., All sizes. (Second Floor.) Wide Variety of Blanket Robes *7.50 IDEALLY made of soft warm robings, in shades enough to please every man. Made “with shawl collay and full rayon cord girdle. Goodlooking; lasting. (Second Floor.) Boys’ Flannelette Pajamas .......$1. Boys’ Neckwear ... .J +.50c to :l(a)(s) Tie-and-Handkerchief Sets ... { Boys’ Gloves and Mittens. . Boys’ Tim’s Caps eese..$395 “Tom Mix” Play Outfit PORRERSL [ 1 Boys’ Sports Hose. ...... Second Floor—Saks Small Boys’ Overcoats. ... Small Boys’ Party Suits Boys’ Sheep-Lined Coats. Boys’ Sport Mackinaws Boys” Black Rubber Coa Boys’ Blanket Bath Robes Boys’ Broadcloth Shirts ...