Evening Star Newspaper, August 28, 1927, Page 36

. D. C. AUGUST 2. 19%7—PART Y. 5 THE_SUNDAY STAR. WASHINGTON PRCOMDWRE SUGHTUPTRE) [ ICOMES DECLINE ~NOTED N STEL All Charge Purchases Entered on Bills Rendered Oct. Ist oy = ’ Prices Are Very 'Special in This Sale of $50,000 Worth of Wilton, Axminster, Velvet and Tapestry “Brussels Weave” Rugs Purchases Made in This Sale Will Be Held for Later Delivery Ty oner” Figures Compared With PriorllPrices With Few Exceptionsj Records—Local Banking Remain Steady—Record | . Chapter Committees. | of Other Metals. Net income of the Potomac Electric | Power Co. during July was §19 3, a decrease {rom the June figure of $215,994.54, but considerably ahove the net income for July ago, which was $1 5.03, according to the a rule the trade was not show- monthly report filed vesterday with |ing expected seasonal revival and the Public Utilities Commissi mill production remained moderate. The Washington Railway with few exceptions, were so filed its | There was more attention situation and of the principal steel producin ers reported industrial bituminous s depleted to some extent val prices were advanced moder: t Pittsburgh. Pig iron was ste August —Here nd there some slight. improvement in the volume of demand for steel vas veported during the week, but Special— to Introduce Slectri v report t ly, 1926, v B i ol e Vipbver {and the demand again moder May Be " roSS - ear! s from opera- s been unsettled. e ° oo ST o v g $40 Seamless Axminster an July. as compared with 3663 with rumors that small lots v on < June and $586,100.16 for July Year. Operating expenses also drop- ped below June, but were higher than for July last year, while the net earn- ings from operations showed the same trend. Miscellaneous income, how- ever, stood a $22,058.71 for .July. above both June, with July last yvear at $16,053. The Washington Railwa obtainable as low as 13 cents du the week. Produce: ve refused to follow the decline below 13%, apparently, while some ot them have been holding firm for | 131, or even 13%, and the market showed a somewhat better tone y terday, when it looked as if holde were tightening up and more inqui was in evidence. The lower expo Our Easy Payment Plan —We are offering these sheets at very special prices to introduce them to Washington housekeepers. They are made of a high count sheeting, that will wash heavy and Fringed Velvet Rugs 9x12 Ft. and 8Y4x10% Ft. Sizes $25 have wide hand torn hems. Sizes before hemming. Four popular sizes. Reduced as follows: v & Electric You will want these rugs in your home for < ;fi"“{;ordnr‘\Il:fir\?l;{:zrn:;flt);’“-lz"r: price r;‘“’“g'" in some demand from | Winter, so buy them in this sale and save money =Size 63x99. $l 00 —Size 81x90. $l 19 038.26 for June and $403,894.70 [ ADRORCGL L early In the week. They are two of the most popular and best Reg. §1.25. At < Reg. $1.39. At... . 0 this was followed b recover: known makes of rugs—have a lovely high pile, —Size 72x99. —Size 81x99. $l-19 Reg. $1.50. At... 51.29 35¢ to 50c Pillowcases —2,000 Pillml\'cascs. in 45x36-in. size, and including such kinds as Anchor, Pepperell, Fruit of the Loom, etc., each........ 29C Reg. $1.39. At. Consumers were reported to -h: bought a fair amount on the uptur Lead quotations were reduced leading producers apparently to coi respond with the ier trend abroad. | § Consuming demand was moderate. Zinc was slightly easier, but lead- s were not pressing the Operating expenses and taxes for tha)l\\x R.K& E. stood at $400,801.66 for July, us compared with $411,280.11 in June and § 67 in July of year. Bankers' Committee List. Three important committees of the Washington Chapter, American In- stitute of Banking, for the current vear were ammounced last night by b uarters as follows: he:g‘\x"isorv committee—Chairman, 1. 3. Roberts, Riggs National Bank; Mmembers, Francis G. Addison, jr., Se- curity Savings & Commercial Bank: Victor B. Deyber, Second National Bank; Joshua Evans. jr. D!‘Strlcitr!\‘m iona : rt V. Fleming, Riggs | _ N '\"‘:z‘?;n}:i‘ml(iafifilzmnar V. Haynes,| NEW YORK, August 27 ]w»__ Farmers & Mechanics’ National Bank: | operating income for all class 1 rail- | o Hunton Leith, Security Savings & | roads for July, based on reports of 4 ! Commercial Bank; Howard Moran, ‘?fl},‘rlers- having aggregate net of a.s,-l American Security & Trust Co.; Johq | 642,000, is calculated at $33,500,000, | Poole, Federal- American National red with actual net of $116,895,- , Federl: . hbe' & | 311 in July, 1926. This would repr Bank: W. W, Spaid, W. B. Hibbe & . "y, 00" roportion of an annual return of 4.55 per cent on a partly estimated rate-making valuation of are closely woven and are in most exquisite color combinatons and patterns. $77.50 Wilton Rugs —Genuine Wiltons, woven of all wool yarns and finished with Antimony was higher and there was some consuming interest for September and October. Demand was reported as largely from dealers. $5 Priscilla Rayon Spreads 81x105-In. Size —These attractive spreads are made by the Bates Man- ufacturing Co. They have scalloped edges, and are in the pretty colors of rose, blue, gold, orchid and green. ..... $3.95 Kann’s Street Floor. Wall Street Briefs Regular $150 Seamless Co. Public affairs and public education committee—Chairman, E. J. McQuade, luation e ational - Bank: members, | $21,050,000.000 as of January 1, 1927. Francis G. Addison, Jr.. Securlty [ .ower steel prices are reported from Savings & Commercial Bank; Charles | the Youngstown district, quotations of | D. Boyer, Federal-American Natlonal | {he Younsstomn district, quotations of ) Bank: James C. Dulin, jr., American | 4t Bt Steel De, B o the Security & Trust Co.; Victor B. Dey- | norti, FEUAE her, Second National Bank; Harry \ Haynes, Farmers & Mechanics' N tional Bank; John Poole, Federal $2.75 Pure Linen 5-Pe. Pocket Bridge Sets Specially Priced at $1.95 —These very attractive, con venient sets consist of a 36- inch cloth, with four embroid- cred pockets, and foyr nap- kins. Embroidery in blue and rose. Especially nice for bridge partics. Chinese Cut-Work and Hand-Embroidered Towels $1.00 ea. The violent advance in common stock of the Vulcan Detinning Co. on » American National Bank; Wilmer J.|the Stock Exchange the last few days Waller, Federal- American National | has no justification, says W. J. Butt- ‘Bank; George O. Walson, Liberty Na- | field, president. “This financial report tional Bank, for the second quarter speaks for it- ‘Ways and means committee—Chalir- | self and present trade conditions af- man, R. Jesse Chaney, Commercial | fecting the company's business are not Nctional P-uk; members, John W.|as satisfactory as might be desired. Fishe ¥ deral - American _ National | compared with the last two years, he Bank; Philip M. Garnett, Riggs Na- | said. tional Bank: Leo J. Moran, W. B. Hibbs & Co.: L. T. Savage, American Security & 'rust Co. July net operating income of the Chicago & Northwestern dropped to < 981,003, from $2,448,707 in July last Agency in New Quarters. r, and for the seven months of The Washington agency of the|]1927 to $10,413,846, from $12,250,068 in Mutual Benefit Life of Newark, N J., | the same period of 1926. ved yesterday to its new quarters, Se o ‘o‘:cupyi%g the entire fourth floor of | Chevrolet Motor Co. is proceeding the B. F. Saul Building, 925 Fifteenth | under the heaviest production schedule street. This organization, which has|in its history, says Vice Pre!iden'l‘ doubled in size and amount of busi-{ Barth. Output this year to August 12 ness written in less than three years, | Was 732,147 cars, surpassing the year's | B inder the management of H. Law. | output for 1926, The August schedule rence Choate and associates. calls for 89,474 units ement. Mullins Body Co. has orders for ACCEpARCE e snlt the New | Atomobile bodies to insure capacity New Dbills were scarce I the NeW | operations for a vear, requiring en- York acceptance market during B |i,rgement of its working force to 1,500. Sy ATt O e T Scoeiing | Part will be worked off in the piant to the Federal Reserve Board's state. | Ac14ired from Sterling Manufactur ment, and market rates were generally : : reduced toward the end of July. The| Reports of iron and steel production supply increase from that time, ac-|just received from the United Steel companying, a series of reductions in | Works Corporation of Germany, larg- rates in August, both in the market | est unit in the European industry, in- Room Sizes fringed ends. The pat- Worsted Wilton Rugs Argonne Velvet Rugs patterns are new and the color com- —Good-looking, durable Rugs, closely 1 5 —9x12-ft. Rugs with enameled surface. ° You have a good choice of patterns and \ f pat colors and every rug is bordered. Each harmonious color combinations. in_its individual carton. - York open—or French edge borders. Made of high pile velour, in terns are reproductions of Oriental designs, in lovely colorings. Sizes [ cellent quality worsted Wiltons_are —These are the W. & J. Sloane - offered you at this big reduction. They are closely woven and in beautiful patterns. Sizes 9x12 and 8!4x10%; feet. L] binations lovely. woven, and the kind that will last for i Kann’s—Third Floor. —Because we were fortunate in securing 150 pairs of these hand- the following color combinations— 9x12 and 84x10% ft. make of rugs, in 9x12-ft. size and o % Tapesiry “Brussels Weave” Rugs Perfect Du Pont Duco Bordered vears. Every rug perfect, and shown A Purchase! 150 Prs. Velour Porti urcnase. rs. Velour Fortieres some portieres, we can offer them to you at such a reduced price. Blue and Gold $45.00 Nationally Advertised finished with fringed ends. The 1, 14 S In 9x12 and 8Y4x10% Ft. Sizes Felt-Base Rugs in the most attractive of patterns and Lustrous, Double-Faced Style Usually Selling for $28 They are all 50 inches wide and in the regulation length—with New Blue and Blue Blue and Taupe Blue and !ulberry Blue and Brown Blue and Rose Pure Linen. Reg. $1.50, at... and at the x"’esexrve ba;lnks, av_ldddealerl' dlca}e the su(‘:ce;s(\[xl top?re:;lnnlo nldhv Double . purchases during the period, as a|newly organizes nternational aw 50 P V l P 30.: : " o < 3 whole, were considerably larger on|Steel Association, representing Ger rs. Faced eiour Ol‘tlel'es —18x29-inch towels of a nice quality linen. Some in the average than during the preceding | many, France, Belgium. Luxemburs four weeks. The demand was active, |and the Saar district. In the first| chiefly on ‘account of foreign orders | quarter this year members of the as- | for the purchase of 90-day bills, but | sociation produced 7,912,356 tons of dealers’ portfolios, nevertheless, in-|raw steel. Germany’s quota was the creased to the largest total of the year. | largest, 43 per cent.- Of this the Unit- Sales to the Federal Reserve System |ed Stcel Works contributed 39 per from all markets were smaller than | cent, nearly 17 per cent of the entire lovely cut-work designs, others beautifully hand em- broidered. —Here is a rare value—double-faced velour portieres with silk overlocked borders at the lowest price we $6o75 have vet quoted. They are 36 inches wide to'the pair, and shown in the color combinations of— Linen Damask Hemstitched Sets $1.50 Irish Linen Table Damask at any time sincé 1924. The Boston |output of the association. 1 glluc an:li (liold lll]llue and Brown Blue and $3.75 Set $1 19 Yd market was reportéd dull throughout SRR ue and Rose ue an 2 . the period, but with a temporary in-| The Chicago, Milwaukee d Taupe Mulberry crease of activity around the 1st of August. There little movement in Philadelphia or Chicago Fuel Power Contrast. The relative importance of power generated by fuel as contrasted with sl Paul is expected to be in the ms rails, says American Metal Market. NEW YORK BANK hortly for 20,000 to 2 CLEARINGS. NEW YORK, August 27 (#).—The condition of learing house | 69c to $1.19 Window Special ! 750 Prs. and Panels with#® valance. Other Specials —$1.69 Ruffled Curtains, $1.00 —Attractive sets of silver bleached damask in neat designs, with hemstitched hems. A cloth, size 54x34 inches, and six napkins to a set. —70 inches wide. and a good weight, full bleached, sturdy wearing linen dam- ask, in neat patterns. A rare bargain. 75¢ Pure Linen water ‘power has remained practically | actual the same during the past five years, | banl Pure Linen Lunch- and trust companies for the Damask Towels Shades New F all Curtams S Only about one-third of the power pro- | Week shows excess reserve of $20,670,- in. wide. Yard duced is hydro-electric. The explana- | 670. This is a decrease in reserve of | $5.49 to $7.98 Grad 3.8 to $5.98 Drapery eon Cloths 59 . E tion lies partly in the increased ef-|$26,879,040, compared with the we o rades Damask, 50 in. $2.69 79(3 Ea C a. ficiency in the use of fuel. The aver- | before, when excess reserve of $47 wide. Yard 5 . 17x36-inch towels, of fi \ age amount of coal used per kilowa.t- | 710 was reported. c —$1.69 Drape Damask, Pure li ceasli clathia o CRNNIIER IOWEG ab INE hour has been 1educed from The detailed statement follow: 5 inches wide. Q@ ure linen crash cloths, quality linen damask, in pounds in 1 to 1.87 in 1926. ° Yard C with fancy colored horders, neat patterns and finished though 9 per cent more electrici ' ; 5 size 44 ‘nches square. with hemstitched hems. was produced last vear than in 1 the increase in fuel consumption was only 2 per ce The industry is tending toward the creation of a vast power system. based on an interconnection of generating and distributing plants. The use of isolated power plants or of piants run individually by the factories tham- —Three popular kinds offered—69¢ and 79¢ Opaque Shades ; 85¢ eral Reserve Bank crease. $333.000. p Reserve in Federal Aare of member banks. $612 crease, $28,380,000. Reserve in own vaults—Non-member State b and trust companis increase, $135,000. “Cannon Mills”’ Turkish Bath Towels —18x36-inch towels; good, heavy weight, very absorbent and made with colored stripe through center 2 and border, each. .. 3 (4 —You will find a wide variety of Sor styles here for your choosing in this Sset remarkable offering. Ruffled cur- fig’;él;#;, i?::n;::;::‘“iseue ains, in plain white. colored, striped, = 3% Crackless Shades and Y8¢ and Shadex . T —Table lof ay Kann’s Street Floor. selves is slowly giving way to the use ; checked and novelty effects. - All Damask Pillow of large centralized stations linked to- $1.19 Oil Opaque ol : s . Bach ....... $1.00 gether and capable of borrowing from 5 P i omplete with valance and tie backs. —$3.98 to $1.9% Curtains one another when necessary. Shades. The majority Voile, scrim and Marquisette cur- and Panels @oGE . l‘edfl'ul-»\merl(‘nr.l Flower Show. _ Total _de 3 it. wide by 5 ft. 9 in ains and lace panels with fringed St The flower show of the Kederal- | crease, $1 j 3 3 —$119 Rayon American National Bank this year| Total deposits, eliminating amounts ! long. A few:6 it. 9 in horders. Gauze, 50 in. ‘wide. @@ ewar ararobpe will be open to the public as exhib- trlue fr(r‘nn lros?r\'e ;1"1'“!4“3' | Yard . c© g itors, instead of being limited as in | from other banks and trust companies ong. Kann's—Third Floo —$42.00 the past to persons receiving seeds|in New York and United States de- | g I cf,o“ _e S from the bank. The entries will be | " styics.” Croee. $22.00 e uxe received beginning tomorrow morn 5 5 i 5,200. Banks—Cash in vault Trust companies—( 0. jng at 8:30, and judging will take place tomorrow evening at 8 o'clock The show will continue during both Monday and Tuesday he Federal American this year distributed 10.)00 ages of including ers and mari $89.00 Desk Model | Sewing Machines $56 —A most casy - running sewing Three Days More of the August Blanket Sale! Part-Woel Blankets —Our Capitol Brand Part-Wool $ Blankets, in attractive large plaids 3 95 Pr. of rose, blue, tan, lavender and gray, finished with wide sateen binding. Size 70x80 inches. * All-Wool Plaid Blankets at in depositaries—Non-mem | tate banks and trust companies | 4.000; de . $648.000) | Net demand _deposits, $3.528.600,000 v to the pres. | decrease. $11,470,000. National Bank, and| United States deposits president of the Washington Chapter, | $: American Irstitute of Banking. has left on his vacation for Brewer, Me. Find Prehistoric Monster. a monster similar lo those of oric times still lives in the $39.95 —Good looking, durable trunks of the finest five-ply construction, with vulcanized hard covering and binding. Dome top, round edges. One side finished with patented royal robe fixtures, 10 gar- ment hangers, dust curtain, laundry bag, shoe box. Other deducted. | Ns, $715.933.000; decrease | (Westinghouse Electrified) | irculation, $23,328.000; increase, $94.- | 000. Aggregate reserve, $6 xcess reserve, $20,670, 040. ummary of State banks and trust Pure Virgin Wool Comforts at efficient, hi swampy jungle of Java. has been | companies in Greater New York : ) —Pure Vitgin —B ea utifull side with hat compartment :"-'.’L':“\;ll:- by 'Ih’x‘:;:r‘:n.h«’:ulv ol !;_\"m”({y ‘\‘I’- included in clearing house state machine and a beauti- Wool Blan!?ets $6.95 cov “cdl \:filiv, $5.95 drawer section andp locking ture resembles 4 rhinocerous. with one | qereense, $1sqae g0t 3 ful oak cabinet desk is size 66xB0liiicties, Pite sateen, in floral Each bar. horn, :'nvl has a In:.nx;«;\- hide A red i e what you really get e C' Hie gra)‘ and Oriental de- with horny scales. Enormous front ? , se, 3 y sii vil in F ers. H H e e e those ot a mip.| NEW YORK LIVE STOCK. yhensvoujuay, ok of a0l Reliolrape., Size, 70580 S e B el $35 Standard Size $3.95 Suit Cases opot; us. ; 2 ihese machmes. kach 7 o 2 a B ~. e Popotamus. it W Auzust 27 berlithes e inches, in pink and white and others plain. Colors rose, Wardrobe Trunks and Hat Boxes : 1,040 head machine is fully guar- orange and white, $9.00 and blue, gold, green and orchid. Five Hours to Sew Inch. hiseC givcupped $1000 values. PR $26 95 2 95 It took Miss Laura Fairbanks and vith full set of at- s g North Star All-Wool Plaid - . her seve istants 600 hours to com- | veals, t i " it = t b Sheis Wb Mhe GRMIwEIC IO e s | Rt W e s ”'ey built —$350 Part-Wool Blankets, Blankets, in rose, blue, gold, —Open-top trunks, with —The hat boxes are round standards that King George of Eng | milks and fed calve n-the-head Westing- in size 66x80 in., and two-tone and brown; bound with col- rounded edges, equipped with and in sizes 8x16 and 9x18 :yed ;atigoen_e. Kann's—Street Floor. land recently presented to the L Guards. The London girl often spes five hours to sew one inch She had 10 use three needles. threaued with silver-gilt wire, and embroidered the emblems of the thistle. the rose and the shamrock on flowered damask ight to medium weights, 11.00 | costing a yard. The finished em- 11.25a11.50; heavy hogs, " blems cost $10,000. 235, inches. The cases have leath- er corners, shirred top pocket and are in sizes 14 to 24 in. hangers, shoe box, dust cur- tain, hat compartment and drawer section. 30 only. Kann's -Third Floor "ouse motor sradley rheostat. sheep and lambs — Re eady: sheep, 2.5 lambs. choice to Spring _mediums, 0; Spring culls, 8.0029.00. Hogs—Recelpts, 2.710 hend: steady and plaid and Indian Spccia‘I: $2.69 —Kann's Fourth Floor.