Evening Star Newspaper, December 22, 1927, Page 11

1907 DATA SHoW is about $1,000,000,000, a larger figure than at any p! time. The large volume of acceptances outstanding in this Country hag bEen the resuit in part of lower rates on bankers’ bills with the London market, and the con- sequent_increased proportion of this o 'mP m T |in the New. York market, compared country’s exports which was financed Reserve Bank Review Dis- by dollar acceptances rather than by sterling acceptances. “The abundance of funds available for investment fn private enterprises which has charactetized the past year | has-—been due chiefly to-tihre large vol: @08 Increase of $796,000,- | ume o national savings, but has been } 000 in Securities Loans. . While commercial credit during 1927 ‘tnued from 1926 transactions in se- ties were on the increase, it was rted last night by the Federal Re- e Board in a‘review of the vear. Decrease in commercial crénit was 230,000,000, but loans on securities in- creased ‘By. $796,000,000 reflecting the increased use of credit by the security markets. “The decline in comimercial loans,” the boatd said. “reflects the some- What smaller volume of production and trade in 1927, compared with 1926 &nd the lower level of prices at which buisiness has been transacted. “During recent weeks banking de- Vetopmren.s have been characterized by a continued growtr. ‘n the out- standing volurhe of bank credit. Com- mercial logfs have been declining tly since the middle of Oetober, n they reached their seasonal | peak, but loans on securities and fo- | Vestments have continued to increase. | \*“The total volume of loans and in- | ‘-m-enq,%gmemper banks in leading | es reached $21,500,000,000 in No- | ber gnd. wes larger than in any| Previous month. Since November of | yexr- this amount has increased T4 pér cént compared with an in- of about 2.2 per cent in the year ending in November, 1926, and 5.5 per oént a year earlier. Member Bank Credit Larger. “Thus the growth in the volume of member bank cfedit in leading cities | hias been larger during the past year than in_either of the two preceding years, though not as large as in the r ending November, 1924, when it 12.4 per cent, “The rapid growth of member bank efedit this yegr has not been due to an increase in so-called ‘all other ,” which comprise loans for com- mercial, agriculturdl and industrial as well as real estate loans. fhat loans extended to trade and in- had actually declined during fiy-t is indicated by figures of s and investments for all member ks, which have recently become - available for June 30, 1926, and 1927. g the fiscal year ending June 20, 1927, member banks of the Fed- e System showed a large increase, in investments and in loans n_secu and an increase of $276,- ,000 in'réal estate loans. “That the increase in loans on se- curities has reflected largely the in- creased use of credit by the security miarkets is indicated by the fact that loans to brokers and dealers in securi- ties placed by the weekly reporting member banks in New York City in- creased by $826,000,000 during t! Year ending in Nowvember. . Volume of Acceptances. ‘Anothér part of the open market which has reflected the growth of available short-time funds in New York has been the acceptance mar- Ket. cording to the latest figures L by the atceptance council total' wolume of outstandng ac- ce§ in November of this year augmented by retirement of the pub- lic debt, which has had the effect of placing fumds collected through taxa- tion into the investment market. “During the past three months the .mevement of gold has been reversed, and partly through exports and par ly through earmarking for foreign ac- counts there has been a considerable decrease in the country’s y oM. _ This loss of gold and the in- creased reserve requirements of mem- ber ban! ve been the principal in- fluence causing the increased demand for reserve bank credit. The coun- try's stock of monetary gold de- credsed by over $130,000,000 during the last three months and on the 1st of December was lower than at any time for more than a y ENROLLMENT DRIVE AT JEWISH CENTER Second Annual Campaign Will Start Sunday- and Continde Until January 8. The second annual enrollment cam- paign of the Jewish Community Cen- ter' will be launched formally Sunday afternoon and will continue through January 8, Louis E. Splegler, chair- | man, ammounced today. Members of the enroliment council will meet tonight to make final prepa- ration. The initial rally will be held in conjunction with the open meeting of Hadassah, Sunday afternoom, Fol- lowing this meeting of the woman Zionists, a buffet supper will be served, at which the purposes of thé campaign will be outlined and instruc- tions given workers. An effort will be made to secure 3,000 members. As a special induce- ment, a social membership has been create® which will permit the holder full social privileges of the building, but without gymnasium priveleges, reserved for regular members. Assisting Chairman_Splegler in the drive are Morris Gewirz, Isidore Hershfield, R. B. Behrend, Joseph B. Shapiro, A. L. Schiller, Zolman Hen: kin and Morris Freilicoff. rollment week, including a mass mee! ing, at‘which Judge Otto Rosalaky of Néw York will be the chief speaker. A Chanukah celebration sponsored by the center will be held at the Fifth Street Synagogue December 27, as a feature of the campaign. A play will be presented by the Sixth Street Syn- agogue Players. . THE Silk Stockings that will make “Her” want to hug you as snugly as they hug her ankles. EASY to give and delightful to receive! So perfect- ly made, so beautiful, so serviceable. Let us supply your complete gift-list tomo boxed, white tissued, ing card for your name. “Lady Luxury” fullfashion- ed silks, lisle tops. 2 pai $2.75; single pn'rpl o ng $1.45 “Lady Luxury” heavy serv- ice weight silks, lisle tops. 2 pairs, $3.50; single pair— $1.85 More of tho fine Silk Hose AVE just come in. entirely sold out. These Perfect, full-fashioned thread at a lot less than value. 2 pairs, $2.25; single pair, $1.1 rrow. Each pair attractively gold taped and with holiday greet- ‘Lady Luxury” fine, sheer allsilk chiffons. 2 pairs, $3; single pair— $1.65 “Lady Luxury” ol il fom 5% gy e jee allsilks. 2 pairs, $3.15; single pair— $1.95 $].15 se at Fortunately so; they were almost are exceptionally fine values. silk, lisle reinforced stockings Shown in all the wanted shades. Gifty Men’s Socks Men'’s _ exceptionally fine heavy full-fashioned silks and Collegiate designs in silk-and- wool or all-wool striped half hose. $1 & $1.50 For your convenience 3212 14th “Women’s Shop” 1207 F “Arch Pres. Shop” 1318 G St Special Sale Men’s Novelty Half Hose 65¢ 3 prs., $1.50 Dozens of striking styles to choose from. Silk and wool pin stripe, wool with large block design, small h'fl(c patterns, dressy all- silks. Boys’ and Girls’ “Phoenix” novelty sports socks, in many unusual designs. 50c to $1.50 7th & K 414 9th 233 Pa. Ave. S.E. “m.l Shp" eh at G $05635.331 SPENT FOR PLAZA TRACT Commission Reports to House on Project Between Capitol and Station. The report of the commission, com- posed of the Vice President, the Speaker and the Architect of the Capi- tol, appointed June 23, 1926, to ac- quire all the privately-owned land be- tween Union Station and the Capitol for enlargement of the Capitol grounds, vesterday made its report to the House. This shows that the total cost of the Iand acquired by the three com- miseioners in charge has hean $5,655,- 930.72, of which $3,129,697.64 was spent by the present commission. The jand acquired reaches a total of 1,059,401.71 square feet. The rel&ort covers the entire history of this development since the Union Station act was approved, February 12, 1901, with an initlal appropriation of $1,500,000. The first act for enlargement of the grounds was introduced by Senator Wetmore of Rhode Island, which was approved April 18, 1908. The report now made to Congress shows that.all of the land has been acquired, and the next step will be for Congres to authorize improvement of the land with a formal parkway development, according to plans pre- pared by W. E. Parsons, internation- ally known landseape architect, of Chicago, by direction of Congress. ‘When the area of streets to be turned over to the Architect of the Capitol is added to the square footage purchased by the Plaza Commission, the total area to be added will be a little more than 65 acres. P LIBRARY TO CLOSE. All Branches Also Will Begin Holi- day Tomorrow. The Public Library and all branches will chse for the Christmas holidays at 9 pun. tomorrow and remain closed until Tuesda: . Decemher 31 the central building and branches will close at 6 p.m., as usual. January 1 and 2 the central building will be open from 2 to § p.m. dAu branches will be closed on both ays. TAKONA PARK ASK CITY PHONE RATING=: Town Council Wants Com- pany to Extend Area Mile From District Line. The Chesapeake & Potomac Tele- phone Co. will be requested today by the town council of Takoma Park, Md., to place in the new Georgia exchange all Maryland subscribers within an area of 1-mile radius from the Dis- trict of Columbia line at the intersec- tion of Eastern and Cedar avenues, with the existing rates and servioe ex- tended to Washington _subscribers. This was unanimously decided at a meeting of the town council last night held in the Takoma Presbyte- rian Church. Mayor Ben G. Davis resided. P The recent announcement by the telephone company of its intention to increase the rates to Maryland sub- scribers in the suburban aréa adja- eent to the District of Columbia was the subject of an extended report sub- mitted last night by the civic Improve- ment committee of the council. Cite Metropolitan Area. The report, as adopted, sets forth that *'a metropolitan or Greater Wash- Ington district, consisting of Wash- ington and adjoining suburbs in Mary- land, has been generally accepted by the City of Washington, the Congress of the United States and by the com- munities adfacent to the District of Columbia and that the telephone com- pany proposes to establish a new rate plan, which will increase rates and give less and ununified service to the subscribers in this area. “The interests and activities of the people in this area in both Maryland and the District of Columbia are in common and so closely interlocked that the rate plan will cause unjust dis- crimination and unsatisfactory serv- ice, and that the people affected gre entitled for all economic purposes to be treated as citizens of the District of Columbia. “The telephone subscribers in this area are entitled to the same rates and service as exist in the District of Co- lumbia, with the possible addition of a reasonable mileage charge only against those who reside at an extended dis- tance in Maryland from the company’s central exchange.” The report, which was presented in the form of a set of resoslutions, Mr. Santa, Please! Don’t forget; all the children Expect Some New “Hahn” Shoes on their Xmas Trees! “Gro-Nups” and “Hahn Special” reliable school and dress boots and low shoes—in all wanted styles and leathers. Small Children’s $2.75 to $4.25 Misses’ Big Girls’ Small Boys' $3.00 to $5.50 $4.50 to $7.50 $2.75 to $4.50 Big Boys’ ..... $4.00 to $8.00 Pretty little boots for baby. Many charming styles and colors. $1.45 & $1.95 fioys’ and girls’ rubber boots. $3.25 to $4.50 Boys’ and girls' high-cut $2. galoshes. 45 to $4 Phoenix novelty Winter ‘sports hose. 50¢ $1.50 And Your Lady Friends Will Welcome New Shoes Like These! Silver Slippers Special offering — shapely sandals for evening wear. Made of imported silver kid- skin. $5.85. Brown and black suedes continue to be extremely pop- ular for afternoon and dress wear. Style pictured, one of our newer ‘“Hahn Special” models, at $6.50. This unusual sports oxford of brown alilgator calf, with simnlated wing tip—on» of many of these dashin;; low heel shoes we are fealuring for high school and ccilege girls. 7ti:UK 414 Tan alligator calf, tan or black Russia calf, welt sole, low heel walking oxfords of unusual quality for such & low price. “Health” Shoes Reinforced steel arches and special health lasts make them unusually comfortable. Extremely serviceable, prac- tical, economical shoes for all around Winter wear. A num- ber of attractive styles. Galoshes This attractive overshoe of tan or gray tweed or black with gray collar, continues to be one of the year's best sellers in gift ltems. Fine value. $2.45. 3212 14th 233 Pa. Ave. S.E. 9th Men’s Shop, 14th & G “Women’s Shop,” 1207 F further sets forth “that the sub- scribers are entitled to a unified serv- ice without a toll charge, and that in the opinion of the committes the pro- rate plan will be a violation of the existing agreement between the Pakoma Park and the tele- phone company, and would be - ficlent cause to justify the removal of the The report was presented by Coun- Emln John R. Adams, chairman of the lephone conduit in Takoma Park, committee. The other members of the committee present were Councilmen . E. RogerS and Capt. Charles V. Johnson. FREIGHT LOADINGS DROP. Week’s Total Is 114,855 Cars Under Same Time Last Year. Revenue freight loading for the week ended December 10, the Ameri- can Railway Association announced today, aggregated 877,600 cars, a drop of 114,855 cars as compared with the same week last year and 40,637 below the preceding week of this year. Loadings of miscellaneous freight for the week totaled 307,972 cars, a decrease of 27,784 cars from the corre- sponding week last year. The load- ings were classified as follows: Coal, 172,427, a decrease of 65,001 grain and grain products, 44,109, crease of 1,564; live stock, 31,768, a decreage of 2,376, merchandise and less than carload lots, 246,904, a de- crease of 6,923; forest products, 56,874, a decrease of 6,680; ore, 7,880, a de- crease of 2,188, and coke, 9,666, a de- creasé of 2,325. L Perfectly blended, just intended WILKINS | BREAKFAST \COFFEE ), Sold In 1 1b. & % Ib. Oartons Xmas Without SLIPPERS * You simpy couldn’t imagine such a thing. It would be like Xmas without Santa Claus or without mistletoe! Men’s Slippers $2.95 Extra Value! Men's extraordinary values in golden brown kid full leather lined opera, Romeo and Everett slippers. Slip- pers which are $3.50 and $4 elsewhere, here ....c.oceuaose $2.95 Red, green or blue kid leather-lined slippers the Daniel Green felt slippers— $1.95 and $2.50 Leather slippers in folding leather 32 95 case Sale Women’s Dainty Boudoirs ¢ And at_the same price, boudolr i S R ant _Persian, d and vari® 0 em- et Ostrich feather trimmed satin mules, peach, American beauty . or turquoise lining. At all our stores. 52'29 Special at. " Daniel Green black satin mules, peach, turquoise, orchid, gold or Nile ‘3.50 satin lining . . s Wonder Sale! Lambswool Slippers Children’s with red or blue bunny heads; $1.50 9Q¢ values, now .... i Women's with silk pom- pons—plain ones for men—S$2 and $250 values, $7 .39 now...... — Children’s Slippers Boys’ and Girls picture-trimmed comfy and. high-top bootee slippers. Warm cheery 0 el M e A. Kahn Ine. 935 F Street A. Kahn, Inc. i | 35 Years at the Same Address The following items are offered to eleventh-hour gift seekers with the suggestion that they bring their incompleted gift lists to this treasure house of jewels and thereby save themselves any further hours of worry. Diamond Ring $50 A beautiful ring, set with two genuine dia- monds, with an exquisite square-cut emerald or sapphire in the center. Mgunted in 18-kt. solid white gold. A superb gift. Sterling Silver Bobbed Hair Set $11 . Neat designs in a beautiful decorated leather case. Diamond Ring $110 A lovely ring of 18-kt. solid white gold with 28 small, sguare-cut sapphires surrounding three pure white, very brilliant dia- monds set to give a mar- uise effect. Mounting of ne pierced design. Diamond Wrist Watch '100 A stunning design with platinum top and elongated side wings. Six large, full-cut diamonds and twelve rectangular-shape sapphires adorn this watch. Rest of case hand carved, Adjusted 15-jeweled move- ment. VANITIES Diamond Ring $150 Exquisite 18 - kt. solid white gold open filigree mounting set with the finest full-cut, pure white diamonds and twenty-two square-cut synthetic sap- phires. Oriental Pearl Opera Glasses $11.50 Beautifully made, in artistic design. An ideal gift. —in different compact, coin holder and card case combinations. and lip stick combi- nation. 0dd shape. finel vy Enamel Sterling Silver Orlginal shap ¢ — wde fa“;“"'.uer ‘Combina- v ‘col Sterling Silver Vanity and Coin Holder $10.00 Vanity $10.00 powder a atripgd and SmEsat | BER A misses. terns with der. Compact Neat Size $10.00 Silver Plated Vanity and Coin Case $6.00 lors, tion. s 3 suitable for young Reproduction Silver Plate Beverage Set $16:50 This_beautiful set con- sists of a half dozen cock- tail cups and a generous size beverage mixer. Shef- field reproduction silver plate. Men’s Elgin Pocket Watches $15 Neat size in thin model —white or green gold filled. 7 jewels. 15 Jewels ......$22.50 .$27.50 17 Jewels . Thin Model Double Compact $8.00 Compact $6.00 Combination pow, ate for iped it- Ren Bor. itable for carry- i handbag oF eni Finiohea®tn, beautifal enamels — D r e o den and many ol t- {erne"in many colors. Man’s Sterling Silver Brush and Comb Set s14 Including gpirror comb in leather (Very new, mnovel practical. and case. and Seth Thomas Mantel Clocks $12:50 M a h o g a n y-finished model; will enliven many places about the home; 8- day; hour and half strike. Silvered dial. Sterling Silver Demi-Tasse Set $2].00 Sterlis silver _coffee cups and saucers in rich and distinctive hammered design, including Lenox china linings. One-half dozen in the set, Solid Gold Flexible Bracelet $12.00 Exquisitely made in solid white gold, set with three sapphires or other colored stones, MEMBERS OF AMSTERDAM DIAMOND EXCHANGE JEWELERS PLATINUMSMITHS i .ofiafin c/ne. ADOLPH KAHN 935 F Street 85 Years at This Address ARTHUR J. SUNDLUN Treasurer