Evening Star Newspaper, November 24, 1927, Page 15

Y ¢ ‘ FIN ANClALS STOCKS' RECOVERY KEEPS MART ABUZL Shares Went Into Big Slump| After Pravious 3,000,000- Share Day. BY CHARLES F. SPEARE. Special Dispateh to The Star NEW YORK, November 24—/ Thanksgiving is one of the times when | no one goes to business and few talk | But where bankers and- brokers were gathered today socially they discussed the remarkable recov ery in the stock market since the end of October angd the tremendous activ- | of business. ity ye day, when nearly 3,000,000 shares were dealt in. |5 Volume of trading and average prices | an important part in de termining the future course of market movements. With the turn-over yes- | terday on such a large scale and prices | the same time so high. t mean either that the market is facin: another break or is entering new Deriod of decided speculation and new | high levels of prices. It was recalled | that the last time transactions eequalled those of yesterday, the mar- may ket soon after started down in the plunge which 1 it off un average | of over 15 points in three wee! There has heen a new set of specu- | Jative counters employed in the latest | bull movement. ‘These have been | selected hecanse t had not been i very much identitied with the previous advices and for the reason that no | justification could bhe found for mark- | them up. in the current earnings | published. It has heen a matter of | considerable comment that General | Motors, whose earnings are better | than those of =»myv other \mnrmml corporation at 10> present time, has | shown a distinetly heavy tendency of | late. Over the holiday there will be an | sccumulation of railroad reports for the month of October. These may | have some effect individually. espe- | clally those representing the changed | conditions of traffic in the Northwest. | 1t expected that there will he continued gold shipments to Canada | nd South America and probably to HEADS A. C. SPARK PLUG. B. W. Deguichard Chlef of Gen-; eral Motors Subeidiary. FLINT. Mich., November 24 (#).- Announcement of the appointment of B. W. Deguichard, for a number of | years vice president and general man- ager of A. C. Spark Plug Co., as pr dent of the company was announced | today by Alfred P. Sloan, jr., presi-| dent of General Motors Corporation. | The A. C. company is a subsidiary of the latter organization. H. H. Curtice, formerly assistant general | manager, was named to succced Deguichard. Deguichard succeeds to the position made vacant by the recent death in Paris of Albert Champion. WILL MAKE STAINLESS STEEL. DOV The Del, November 24 (#).— Washington nless Steel Cor- i h plants at West Ware and Washington, Pa., was The company is | 000 shares of stock and is represented by the United ates Corporation Co. of Dover | and New York City. The new con- cern will utilize the “carman proces of steel making, a new process through Which stainless steel is produced of | much wider usefulness and at sub- | stantially lower cost of manufacture. WILL BUY DISTILLERIES. NEW YORK, November 24 (#).— | The American Medicinal Spirits Co. | of Maryland yesterday announced it | had“contracted to acquire substantial- 1y all the assets of the Kentucky Dis- tilleries and Warehouse Co., R. E. ‘Wathen & Co., F. S. Ashbrook Distil ing Co., Hill & Hill Distilling Co., Taylor & Sons and the Balflmore Distillis g Co. capitalized for b Wall Street Briefs | | Business Suspended.—Business in the financial district was suspended today in observance of Thanksgiving day. The New York Stock Exchange, the Curb Market, the Cotton Exchange, all other securities and commodities markets and the banks were closed. Illinois Steel.—A heavy volume of steel rail _specifications is reported from the Chicago area, those received by Iilinois Steel the last week calling for 60,000 tons for early rolling. Its plants are operating at 70 per cent capacity. Sales of plates, shapes and bars include important tonnages for tankage and manufacture of agricul- tural implements. | Poland May Bn) Gold.—Wall Street | heard Poland may buy $3.000,000 gold jn the New York market shortly, Warsaw advices indicate that $15.000,- 000 zold recently purchased by Poland came from centers other than New | York, and the additional $5,000,000 is xpeeted to be supplied here. Gold to Canada teday approxi- 500,000 additional since the movement hezan three weeks ago, due | to the profic in such transactions, | while the Canadian dollar is above parit London Ship & Engine Co., controlled cctric Boat Co., will close for beginning tomorrow. business, it is said, has necessitated a reduced working force. Western Maryland.—October sur- plus of the Western Marvland declined | 10 $246,570 from $445.62! moved up to | .834 in the cor- American has ac- sery- and now controls aterworks proper- | ric Co. Public Service of New Jersey.—Pub- | Jie Service of New Jersey reports for | the vear ended October 31 balance of 1.670 avaidable for dividends and surplus increase of $467.444 ovi the preceding y October gross Zained $1.006,781 over Octo- | . &nd surplus for the month | 93,948 larger. Trade Restol Tron confidence in the long substantial enforcement this week among steel producers. New business has expanded and fresh in quiry has 1 smart guins, | He: finished products have been the chief beneficiary of the im- | provement. Congress Cigar.—Congress ( declared an extra dividend of 25 cents a share and the resular quarterly of 81 both payi y of record 1 0il Compa Profits of 390,62 ¢ Profits.—Thirdquarter wil companie decline of 335 74, per cent, from income reported by e companics for the correspond- period. For the first nine | months this year they show of | $55.595.029, a decline of §7 sompared with nine months of 19 " ments | November | *he 1 Railway gar Co. | 2 to stock | gate | WILLARD DENIES CHARGE OF FORCING COAL DOWN THE EVENING lNAVA[ STORES MEN ~ ARE ORGANIZING | Curbing of Production and BALTIMOR?, November clal).—President Willard of the Ba\lr limore & Ohio Railrond dentes | charges made by labor leaders that | railtoads are trying to force down | the price of coal. President Lewis of the United Mine Workers and President Green | of the Federation of Labor President Coolidge to investigate ef- | forts of railroads to depress coal price: Willard said he could not speak for other roaas, but could deny the Baltimore & Ohio ever attempted to regulate coal prices. Commodity News READING, cial.—Production in the textile of this district is close to normal and the volume of or is good, , November 24 (Spe- NEW ORLE Mills of Southern Pine Association showed an increase in orders of 13.6 per cent to| last week. Pro- 359 fost and ship. Orders on hand t. in_the Auction total 146 MINNEAPOLIS - through the lar tions are 4 cents a dozen more than those selling in other ways. This is attributed to proper testing. packing and grading. BAST LIVERPOOL.—Pottery pro- duetion here is at the highest rate of the vear, despite the holiday, The new Taylor, Smith & Taylor plant at | Chester, W. Va., however, will not be opened for a fortnight, owing to a damaging fire. SACRAMENTO. hipments of cel om California producing districts increased during the last week in an- ticipation of Thanksziving holidav de mand. Shipments have been arr ving from Oregon and Utah to augment do- mestic supply. and prices remain firm. CLEVELAND.—Coal shipments up the lakes for the season probably will reach 32,000,000 tons. This total is more than 5,000,000 tons larger than that of last year. CAR LOADINGS DROP. | Decline of 63,990 Below Preceding Week's Figures Is Reported. of revenue freight totaled = during the week ended 12, a drop of 63,990 below preceding week, the American Asociation announced. With the exception of grain and in products, reductions in the load- of all commodities was shown. he total was a decrease of 132,027 ars under the same week last year. VALUATION BOOSTED. CHICAGO, November 24 (#).—An increase of $1,076,659,290 in the valu- tion of Cook County (Chicago) real sstate over the board of review fizures for 1926 was made known yesterday in the uadrennial revaluation tabula- tion of the board of assessors. The comparative figures were: 1926, $3,810,- 187, , $4,886,846,58. SOVIET FOiEIGN TRADE. Loadin; 974.862 ¢ MOSCOW, November 24 (#).—For- eign trade of the Union of Socialist Soviet Republics for October, the first month of the new working year, totaled 132,200,000 rubles ($66,100,000). Sxports amounted to §9,500,000 rubles lanfi imports to 62,700,000 rubles, the active balance being 6,800,000 rubles. SHIPPING NEWS Arrivals at and Sailings From New York. ARRIVED YESTERDAY. Hellir Olav—Conenhagzen November 11 Lara—Maracaibo .......... . November 12 | Munorleans—Nassau November 20 DUE TODAY. Montevideo— Barcelona . Silvia—St_Jolns .. | Fort" St Georso—Bérmua’ Dennis—Para .. . Giuseppe Verdi—Genoa DUE TOMORROW President Harding—Bremerhaven. _November 9§ Chicago—Bordeaux Jetavan —Syuthsmpton Berzenstjord—Oslo ... . DUE SUNDAY. NOVENBER 27. Caledonia—Glasgow _Novemher 19 Pastores—Port Limon. November 19 DUE MONDAY NOVEMBER 8. Ecuador—San Francisco Eamburz—Hamburg Jlinnetonka—London Southampton Celtic—Liverpool her Santa Teresa—Valbaraiso. . . . November Empress of Australia—Southampton, November 12 Frederick VIII—Copenhagen DUE TUESDAY, NOV Orizaba—Havana YVolendam—Rotterdam o BER 20. vember 26 vember 14 holm_Gothanbiire November 18 ta—Puerto Colomni { November 18 President Wilson—World Cruise. Pennland—Antwerp .. . . November 18 DUE WEDNESDAY, Manuel Arnus DUE THURSDAY. DECEMBE Fort St George—Bermuda. .. November 36 Nerissa-—St. Johne. . vember 26 OUTGOING STEAMERS. SAILING TODAY. Coamo—San Juan Monzolia—Havana Cristobal and San Fran- cisco President Monros—Havana. Cristobal and Pacific Coast Sania Lnisa—Cristobal louiaue and Val- Dparaiso SAILING TOMORROW. Afabie—Pirmonth. Cherpours and Antwero Minnesota—Boulogne and_London Goftica——Port au Prince Curacao and Puerto Cabello Paris—Plvmonth and Havre. Munorleans—Nassau. Martinique—Pcrt au Prince. Cartagena and Puerto’ Colombia, SAILING SATURDAY. NOVEMBER 26 Malestio—Cherbour and Southampton. Laurentic—Queenstown and_Liverpool. | aconia—Oueenstown and Livernool | Vestris—Rio de Janeiro Montevideo and Buenos Aires Drottninzhnlm—Gothenburg. Ryndam—Tiymouth Doulogne and Rotter m American Farmer—London Ia 72 Cristgbal and Port L Kingston and Puerto Bar- ntiazo Kingston and Puerto Co Jua muda 8t Johns. NDAY NOVEMBER 27. Montevideo—Cadiz and Barcelona SAILING MONDAY. NOVEMBER 28. e and Cristohal. ding—Plymouth. ~ Cherbourg WEDNESDAY. NOVEMBER 30. Mauretania—Cherbourg and Southampton Maraval—Grenada, Trindad and Dem San Juan, Puerto Cabello and Mara- Colon—Coruna, Gijon and San- Cristobal and Puerto SAILING THURSDAY., DECEMBER 1. terey—Havana, Progreso, Vera Cruz and AmpIco e | » Cristobal, Callao Havana, —Vigc Olay—Christiansand. en, San’ Lorenzo—San Juan and Borde X tiansand. Oslo and Copen- which i made from scaweed md used in medicine, nud stuffs. and as a sizing for X ), [ets its queer name from s Malay word meaning “vegetable, asked | mills | the | - November 18 | Stimulation of New Marts Is Goal of Body. BY J. C. ROY Special Dispateh to The Star. NEW YORK, November aval stores industry |cluded an unsatistactory season, | though it was a season marked an increase fn production of at le 130 per cent. That very fact is given < tha reason why one of America’s earliest industries brought those en aged in it some millions less than in It is appavent, according to those engaged in it, that the industry has not modernized itself to meet new conditions of marketing. In 1926 production of maval stores totalled 510,000 barrels of turpentine which at an average of $40, a barrel brought $20,400,000 and 1,600,000 bar- rels rosin which at an average of returned $32,000,000—a total of § 400,000. Production of turpentine this year will be about 650,000 barrel valued at $20 a rrel or a total o $13,000,000 and 2,000,000 barrels of rosin with an average value of $5~.m or a total value of $13,500,000. The entire crop will vield approximately $26,500,000, Turpentine now is abcut 24.—The | this week con- al- by 43 cents a gallon in barrels and 361 at the stille. Last Febru: it was 90 cents. Rosin was $13 a barrel before this season opened. Drop Has Been Steady. The drop since February has been steady owing to favorable weather which ended the season into Novem ber. Thirty-two million new cups were bought and hung this year. Thes cups are the receptacles which ¢ the gum from the tapped trees annual average has been about 15.000,- 000. This increase was brought about by the high prices in 1926. There are »nly 1,400 gum producers and five wood producers In the turpentine industry, yet so far it has been found impossible to unite these on a policy which would obviate the losses which have occurred this year. Sixty-five per cent of the world’s output of naval stores comes from this count mostly in the Southern States. Foreign demand up to this Fall has been fine, but even this w not sufficient to take care of over production. Moreover, the turpentine men have allowed producers of sub- stitutes to run away with a part of their markets. Naval stores men say paints made with turpentine and soaps are mostly superior to those in which substitutes for naval stores are used, vet they have not made efforts to foster a de- mand for the use of their products in the minds of the public, according o Carl Speh, secretary of the Pine In- stitute of America, with headquarters at_Jacksonville. “The problem of the naval stores industry,” he added, “is one of under- consumption rather than over-produ tion. It i no problem to sell a mil lion barrels of turpentine and four million barrels of rosin, but the proh- lem lles in getting adequate prices for them.” Organized to Meet Problem. The Pine Institute has just been organized to meet this problem. The institute proposes first to improve methods of production and reduce cost of manufacture. Then it plans a uational educational campaign through newspaper advertising to sell the ) tion the idea of quality so that the public will demand goods in_which turpentine and rosin are used. The institute already has started imten- sive chemical research at Mellon In' stitute at Pittsburgh to develop new uses for naval stores. There are strong indications that the 1928 crop will be cut down con- siderably. Some producers will be un- able to secure necessary financing. Others will hang fewer cups. An. other idea which will be combatted that the turpentine industry will aventually deforest the South. Mr. Speh declares the South need never be deprived of turpentine tree: “Reforestation and forest conserva tion principles are taking hold,” he sald. “The future, according to in- dications, will see a much larger num- ber of trees per acre. The turpen- tine producer can tap his trees in 18 to 20 years after planting and this is mot a long wait. But unless the timber grower is assured of adequate returns for his naval stores he will not reforest cut-over areas.” i| FARMERS’ Cd-OPERATION | ON CROP REPORTS ASKED Jardine Urges Replies to Million Questionnaires Being Sent Out for Summary. By the Associated Press. The co-operation of farmers was urged yesterday by Secretary Jardine in furnishing information to be used in preparing the final crop reports for the vear and acreage of Winter wheat and rye for next year’s harvest. A million questionna e being mailed to farmers, the Secretary said, isking information for that purpose 1s well as the prices, wages, annual ze, production and farm value of crops. Although some of the men engaged in_crop reporting by agencies main- tained by the grain and cotton trade are statisticians of high rank and in- tegrity, Mr. Jardine said, these agen- cies serve primarily the buying and age establishments BUYS FURNACE FIRM. BUFFALO, N. Y., November 24 (). —The Buffalo Union Furnace Co. has passed into the hands of the Hanna Co. of Cleveland, and with it the fo mer plant of the Rogers-Brown Iron Co., Frank R. Baird, retiring president of the Buffalo Union Furnace Co., said last night. Mr. Baird will be succeed- ed by C. A Collins of Cleveland as president selling interests and the large broker- | STAR. WASHINGTON, SPINSTER, 100, LIVES 'WHOLE LIFE IN ONE HOUSE Native of Iceland Continues Usual Work, Going to Fields in Summer Season. Correspondence of the Assocated Press. REYKJAVIK. Iceland. — Rannvelg Thorkelsdottir celebrated her 100th birthday on her old property, Svad- stadir, where she has lived for the ast century, as did her folks before her for many generatio: 3. Her sister and their father died when he | s 'lhorkv-lsdfll(ir never married, been ill, and is always in s still doing all the woman’s work—weaving, em- In the Sum. she is to be found in the fields ke with the other women es that the discontent of generation is due to “gad- about,” shifting from one place pother, from one oceupation to an She does not believe in “mov She has never allowed a photo- aken of her | usual | broidering. baking, etc. | mer to | other. aph to be RAIL VALUATIONS Briefs Attack Figures Com- merce Commission Plans to Adopt for Carriers. s filed yesterday with the Inter- Commerce Commission attacked erroncous” the railroad valuation Commission is seeking o adopt for all the railroads of the country. The briefs have already been filed in St Louis, where the case testing out the Government's procedure is pending. On December. 10 the St, Louis & O'Fallon Railroad has been ordered by the Commerce Commission to pay the Government $226,880 in alleged ex- cess earnings, and the appeal of the , a sm rrier owned by the Busch interests, to the courts to void the commis order, as the Gov- ernment and railroad briefs explain, |is being followed by all of the major {roads in the United States ixcess carnings on the scals down by the commissian for the O laid A lon Co. will be demanded from all the other prosperous railroads in the country if the Goverriment wins the The total amount which the Government may colloct has heen esti- mated at the Commrece Commission $400,000,000, but the O'Fallon brief, ared for railroads concerned by Henderson & Degersdorf of ed the court to view the in atademic controversy principles, but a law- issue as upon_economic suit_in equi “The Inte ston has cquate ate Comme Commis- n erroneous and inad finding of the value of the (O'Fallon) property,” the brief pro- ceeded, “It has failed to give due and effective weight to the enhanced cost of construction as applied to all the property of the carrier in existence prior to 1914, but has based its find- ings of the value thereof on 1914 prices. ¢ * * The Commission has failed to follow the law of the land.” ALEXANDRIA. NDRIA, V ., November 24 1z services were .—Thanksgiv held this morning in all of the local churches, and government of- fices are closed as well as the schools, banks and places of business. Parties and dances which will be held to- night are drawing interest. Today is also the annual donation day at Alex- andria Hospital, and the Anne Lee Memorial Home for the Aged. Many donations were received. A full truck | the Anne Lee Home, the Home for iirls at T ota and the United Char- ities by the students of Jefferson School alone. 'hree dances will be held here to- night. The lexandria Shrine Club will stage a ball in the George Mason Hotel from 9 p.m. to 1 a.m., the Old Dominion Boat Club will give its an- nual Thanksgiving dance in its club- house from 10:30 p.m. to 2:30 a.m., and Alexandria Post, No. 24, American Legion, will give a dance in Elks' Hall from 9 to 12 p.m. The Salvation Army was hos to many local newsboys at a Thanksgiv- ing dinner tod: Baskets were sent by the local chapter to many needy familie: Alexandria Review, Benefit Association, will hold a special meeting tomorrow in Odd Fellow: Temple from 2:30 to 10:30 p.m., in ob- servance of its twenty-fifth anniver- sary, Mrs. Etta M. King, supreme examining physician at Port Huron, Mich., will attend. The tornado relief fund being raised by the Red Cross for sufferers of this city has reached a total of $1,624.70. ‘The bronze tablet erccted in memory of those who have made donations to the Alexandria Hospital will be un. veiled in the hospital at 4 o'clock this afternoon. Special exercises will be held In the nurses’ home prior to the unveiling. 8. L. Kelley, district deputy and a former member of the Virginia Legis- lature, installed the officers recently iected by Fitzgerald Council, Knights Columbus, in the K. of C. home last night. Women's HEADS FARM CONGRESS. John Fields of Oklahoma Succeeds Late W. K. James. KANSAS CITY, November 24 (#).— Election of John Fields, Oklahon ! vice president of the FKederal Land Bank at Wichita, Kans., as pres- ident of the Amer n Farm Congress announced here yesterday by W. mond, chairman of the board tors of the organization. He cceeds W. K. James of St. Joseph, Mo., who died recently. M. Fields has been one of the out- | standing leaders in agriculture in the Southwest for nearly 30 years and twice was Republican nominee for Governor of Oklahoma. HELD “ERRONEOUS™ wres which the Interstate Commerce | load of provisions was contributed to | D. C, POULTRY DEALERS BUSY ON HOLIDAY Break in Turkey Prices ; Comes Late on Eve of | Thanksgiving Day. | | | | | Holiday closing of the markets to- | | day did not affect certain wholesale | houses and Municipal Fish Market. | Many pouitry dealers in the vicinity of Center Market were on hurd this morning to accommodate those who neglected to make purchases yester day, and retail dealess on Louisiana | venue also were in. evidence. salers reported Laving dis of their sapplies of tur- | ay. There were some left | over, however, and it is expected they | | will find ready sale tomorrow and | saturday | A break in prices came early in the afternoon, according to reports, al-| though some merchants reported not | having lowered prices. Long before | dark, it is stated, the market dropped |to 50 cent: while there were man) | turkeys sold at 40 cents, the cheaper | ones, in many instances, being poor | and thin. i Fish Trade Not Brisk. | Business at Municipal Fish Market | was not brisk this morning, a con- dition that dealers expected, bul seldom being brisk on holid: Offerings there tomorrow mor for the Friday and week end tradi {however, will be attractive to buy supplies of fish from having reached there today. Today's receipts from Florida | cluded red snappers that were offered at 25 cents a pound, and Spanish | mackerel that sold at ) cents. | lorida and other shippers along lhn; in 1ulf of Mexico sent small shipments of green and cooked shrimp. the fc mer sellinz at 20 and the latter at cents a pound. North Carolina de: so sent quantities of shrimp. | Kingfish and pumping mullets, prod- | ucts of North Carolina waters, are expected to find ready sale tomorrow the former at 10 and the latter at 15 | cents a pound. Spotted trout, weigh- | were | i | |ing from one to three pounds, lin plentiful supply from North Caro- | lina at 25 cents a pound, and dealer: Flounders were quoted at 15, the price of weakflsh from New Jersey waters. ay trout are selling at 18 cents. Dealers reported plentiful supplies of cod at 10 cents, cod steaks at 12 cents, Boston mackerel at haddock at 8, filet of haddock at 20 and halibut and salmon at 25 Holiday being enjoyed by oystermen reduced the quantities of bivalves re- ceived here, dealers reported, but sup- plies are more than equal to the de- mand, however, and no shortage i>’ anticipated unless the weather be- | comes exceptionally severe. PRICES ON PARIS BOURSE. PARIS, November 24 (#)—F moved irregularly on the bhou day. Three per cent rentes, | francs; exchange on London, 124 francs 4 centimes; 5 per cent loan, 75 | francs 45 centimes. The dollar was | quoted at 25 francs 43 centimes, CANADA FINANCING. OTTAWA, Ontario, November (#).—The December 1 maturity of 437,250 6% per cent Victory loan will be met with a $43,000,000 issue of 4 per cent three-year treasury notes, J. A. Robb, minister of finance, said last night. 24 | REAL ESTATE LOANS 5% FRED T. NESBIT 1010 Vermont Av Main Money “to Loan 3ecured b first deed Of truet on real estate Pre ®_Interest m'r‘nl;u:n,'nm Josepb 1. Weller %31 V3 & § trap Mortgage Money Loaned at Low Interest Rates Econamie Conditions Tyler & Rutherford || Loan Correspondent atas) Henes 1520 K Street Main 475 First Mortgage Notes BEARING INTEREST AT 6% Secured on Residences in D. C M‘?K!IVER--IGOSSM « Membr Morteace Bankers' Asen. f America ington, D. C. MONEY for SECOND MORTGAGE LOANS Romes and Business Properties PHILIP MILSTONE 1104 Vermont Ave. Decatur 1681 SAME SERVICES GIVEN —to large or small dealers: 100 ahare or 0dd ot units ~ Let s aid vou in vour investment plans. WRIGHT, SLADE & CO. MEMBERS: New York Stock Exrchange New_ York Cotion Erchange Chicago Board of Trade 100 Share or 0dd Lots Connecticut Ave. at De Sales St. Telephone Main 1581 | DIVIDENDS, pmpany. Auto v Bidyn Union Gas.'. Cal” & Ariz. Min Central Alloy Steel Do nt e zo. M. & 1. S Sl b cam 6% DIgLD 7% ot ....91.9 Peun Dixie 'Cement .5 Do_nt 75 PSE&G6% bt Do 7% vl S1 | Rewding ‘Cor' 24 bi . Stane 1 Milling. Do." bt Telautograph * vf.. To” Sert” [ Utilities P & L A Bo. B... Over a Third of a Century's Experience B. F. Main 2100 SAUL CO. Rental Collections —are made more or less to irksomeness when the owner himself attempts to give personal atten- tion to this very nece sary detail of property supervision. Let our spe- cializing property man- agement take this and other time and attention consuming details off your hands. 925 15th St. NW. THURSDAY. NOVEMBER 24, |it. | cheer up woman shoppers on the dull, | this morning also had a few bluctish | | to offer at 30 cents. Oyster Supplies Ample. { Small ecroakers from Florida were quoted at 5 cents a pound, the larger fish of that variety from near Ches peake Bay points selling at 15 cents. 1927.° LONDON HAS RESTAURANT FOR FOGGY DAY SHOPPERS House of Entertainment in Picca- dilly, Just Opened, Described as i “Anti-Depression” Refuge. Correspondence of the Assoclated Press. LONDON.—An anti-depression res- taurant for shoppers on foggy days has opened in Piccadilly. Artificial sunlight effects are ob- tained by glowing golden walls and ceiling in the lounge. The walls of the restaurant are papered silver and are set aglow by dull orange and green lights in alabaster globes. The yellow carpet has blue suns on The chairs and tables are of apple-green. Shimmering green taf- feta curtains provide an illusion of leaves and woods outside. “We wanted something that would sunless sort of day that is a good sample of the English climate in any ason,” one of the sponsors of the idea declared. e orchestra will further brighten the atmosphere. Eoae So successful was the British indus- | tries fair, held simultaneously at Lon- | don and Birmingham this year, that | 5,000 additional feet of space will be | provided for the event in 1928, 1/, 0/ 619, First Deed of Trust Notes for Sale Secured by Improved Real Estate in the District of Columbia Principal and Interest GUARANTEED REAL ESTATE MORTGAGE & GUARANTY CORPORATION Main 1403 26 Jackson Place Resources Over $4,000,000 L. E. Breuninger, President When Is That ’ Mortgage Due? | fMaturing Mortgages can he advan tageously re- financed through us. i f Loans made on Real! Estate in District of Co- || lumbia and vicinity. 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Send for details of this unusual investment plan, backed by sound first mort- gage security and the guarantee of a 33-year-old institation with assets in excess of $17,000,000. Call, phone or mail compon for descrip- tive bookles T-10. 1 0111 1010101 0000 S S A Barr Ballding 910 17th Street Washington, D. C. Telephone, Franklin 1879 NAME...ccovevrannsnnenses ADDRESS .....h000 FINANCIAL.” 15 The New York Life Insurance Company Offers to Make First Mortgage Loans On Improved Real Estate in the District of Colun.bis and Nearby Soburbs in Montgomery County, Md, for 3, 5 or 10 year terms on your 51/2% o Apply RANDALL He. HAGNER & COMPANY Incorporated MORTGAGE LOAN CORRESPONDENT 1321 Connecticut Ave. Telephone Main 9700 Apartm. Your Need of Mortgage Money —is met more than half-way by our ability and our readiness to give quick attention. You will consult us—in mortgage money matters— without assuming the slightest obligation. Immediate Answers on Applications B. F. SAUL CO. Main 2100 925 15th St. NW. Low Interest Rates and Commission COLUMBIA BUILDING ASSOCIATION 716 11th Street N.W. UNDER GOVERNMENT SUPERVISION 18 Years’ Successful Business Without the Loss of a Dime PAYS 5% INTEREST Compounded Twice a Year and Exempt From Income and Personal Taxes CHRISTMAS SAVINGS CHECKS ACCEPTED Money to Loan, Monthly Payment Plan. Payments Less Than Rent THE FIRST NATIONAL COMPANY BALTIMORE, MD. RESOURCES SEPT. 30, 1924 RESOURCES JUNE 30, 1927 $864,825.83 $6,787,786.73 Capital, Surplus and Reserves, $2,206,198.54 THE FIRST NATIONAL COMPANY pays quanerly dividends on its 7% Preferred Stock, and is earning over 15% on its Common Stock. Wellknown banks in Washington and throughout the country and conservative investors purchase our 6% (net) Gold Bonds and our Collateral Trust Notes. Limited amount of Preferred and Common Stock can be pur- chased through our Washington Office. Full information given upon request. WASHINGTON OFFICE Suite 632-3 Barr Bldg. Phone—Main 8697 G. W. PRATT, Manager Capital, Surplus & Undivided Profits, Over $2,000,000.00 While the First Thanksgiving —was_celebrated by the Plym- outh Colony in 1621, it was not until 1863 that national observ- ance thereof was recommended by the President. {The Metropolitan was already forty-nine years old when Lin- coln ordained Thanksgiving a national holiday. f{The intervening years have brought power and empire to the nation—prestige and finan- cial eminence to Washington’s OLDEST National Bank. OLDEST NATIONAL BANK IN DISTRICT OF COLUMBIA 3% Paid on Savings National Metropolitan 113 113 Ba Years Years oud Old 15th St. opp. U. S. Treasury Dreams Worth Encouraging HEN the son and heir, still in the W grammar grades, tells you what he will do when he gets to col- lege—or when your fast-growing daughe ter tells you of her collegiate plans— such dreaming should be encouraged. Moreover it should be encouraged in a material way. On your child’s next birthday why not buy a 6% First Mort- gage Note offered by Swartzell, Rheem & Hensey Comgpany and put it aside for him until the day he is ready to enter college. As time goes on you can purchase additional Notes in denominations of $100, $200, $500 and $1,000 to guaran- tee your child’s dream coming true, You can depend on the offering of this House. No investor in them has suffered loss in over fifty-eight years. And their return is an attractive one. Swartzell, Rheem & Hensey Co, NMortjage Bankers T2715th. Street, NV, WashinglonDC. 58 Years Without Loss To An Investor