Evening Star Newspaper, December 20, 1928, Page 13

MARINE PRODUCTS IN LIGHT RECEIPT Demand Also Small at D. C. Market—O0yster Supply Adequate. Light receipts and light demand was the report of the condition of business at Municipal Fish Market this morning. It was pointed out by dealers that con- sumption of fish at a low cost would | consumers to purchase their mas turkeys. Business was not brisk this morning, however, and dealers do not look for a great improvement until after the end of the Christmas holiday season. Oysters, used to a considerable extent in connection with Christmas dinners, were plentiful, of good quality and of- fered at prices dealers considered cheap. Shell oysters were to be had for $1.50 and $2 a bushel, selected, shucked stock selling at $2.25, and standards at $2. Dealers had a varled assortment of fish from Boston to offer the trade. There were no_ fresh Boston mackerel to be had, dealers reported, but there was a plentiful supply of the frozen fish at 15 cents. Frozen salmon and halibut also were offered, the ‘former at 23 and the latter at 18 cents. Fillet of haddock was quoted at 20 cents. Other Prices. Fresh cod, also received from Boston, sold at 10, pollock at 8 and haddock at 7 cents a pound. Flounders, from Boston and points on the Chesapeake Bay, were fairly plentiful, the small fish selling at 17 and the large ones at 18_cents. Potomac River fishermen supplied small quantities of white perch that were offered at 15 and yellow perch at 20 cents a pound. Carp and catfish, also from the Potomac, found fairly ready sale, the former at 20 and the | latter at 10 cents a pound. North Carolina shippers supplied small trout at 15, large trout at 20, kingfish at 12; and small croakers and spots at 5 cents. Spanish mackerel, caught in Florida waters, were offered at 18 cents a pound. Fresh and cooked shrimp, also from Florida, met a fair demand, the former at 25 and the lat- ter at 50 cents a pound. Canadian smelts were plentiful and in good demand at 25 cents a pound, Dis BY KENNETH S. VAN STRUM. NEW YORK, December 20.—Many stock traders are constantly looking for signs of regularity in the stock market. If they could find some simple event which occurred with reasonable regu- larity their fortunes would be made. They never cease talking about such things as “a Spring rise in the motors,” “a Fall rise in the retall store stocks, or “the pools seem to stop stocks on the fraction %.” The market, however, never does What a large number of peo- ple expect it to do, for as soon as a sure road to wealth is uncovered the inter- play of speculative forces immediately closes the gap. Such is the purpose of a speculative market, Daily Tendencles. 1t is quite a common belief that stocks normally rise or fall on certain days of the week, The market will run along for a few weeks and because stocks rise on two or three successive Mondays the conclusion is reached that this is the normal situation. Usually tte bubble is broken by & succession of Mondays on which stocks fall. There seems to be, however, a reasonable explanation for some of these theories. It seems logical, for instance, that during uncertain periods sentiment might regularly change when the mar- ket reopens after the weck end, or that regularly people might become fright- ened into selling stocks on Saturdays, not wishing to take the risk of carry- ing stocks over the week end. The factors which will affect the daily trend of prices vary with under- lying economic conditions. For in- stance, in a tight money market such as we are now experiencing, it might be expected that traders would worry about the effect upon the market of the bank statement issued late Thursday afternoon. If it is true that there is a regular rise or decline on certain days of the week this regularly can be ob- served from the daily fluctuations of HIGH COPPER PRIGE AFFECTS INDUSTRY Electric Current, Auto, Radio and Other Trades Are Interested. BY J. C. ROYLE. Spectal Dispatch to The Star. NEW YORK, December 20.—Boom days have come to the copper camps. Figures made public today show that more copper was shipped from the Lake Superior ‘region in the last month than in any similar period since 1917, the total being 24,008,000 pounds of the red metal. The Calumet & Hecla alone ac- counted for over 18,000,000 pounds. Similar conditions prevailed in the of Utah, Nevada, Arizona, Cali- fornia, Alaska and a half dozen other Western States, to say nothing of the mines of Mexico and South America. The reason has been that copper was at 16 cents a pound. Newspaper readers in non-mining sections turned on their electric lights, picked up the evening paper and noted the price of copper with a yawn. They might not have been so bored if they had stopped to realize that the cost of the reading lamp over the sheet in their hands was being materially affected by that same news. Electrical Industry. ‘The electrical industry has had a great year. So have the electric light and power companies, but these great consumers of copper had their year based on low-priced copper, since it was not until Fall that the price ad- vanced. Gen. Otto H. Falk, head of one of the great electrical equipment producers, says this progress has been possible only through the concentra- tion of power production in huge cen- tral stations and the tying of these sta- stocks during the past two months. The chart shows the hourly fluctua- and dealers had plentiful supplies of clams fo offer at $1.50 per 100. Crab- meat was plentiful at 40 cents a pound, but the demand was very light. ‘Turkeys, alive and dressed, continue to reach the local market from nearby and distant points. Shenandoah turkey raisers brought truckloads of dressed stock to the city this morning, and ad- ditional truckloads from other sections of Virginia and Maryland reached here later in the day. Heaviest receipts are expected tomorrow. Prices of the king bird are gradually decreasing, according to reports of dealers this morning, live turkeys selling at 35 and 36 cents, dressed stock selling from 35 to 42 cents, according to con- dition. There were many thin or No. 2 turkeys on.hand this morning and the large quantity of such stock may affect the general market. Chickens also were cheaper this morning, young chickens, alive, selling at 26 and 27 cents, and fowls at 25. Dealers also had large quantities of ducks and geese to offer the trade, and rabbits were still very much in evidence at low prices. A further drop in price of eggs also ‘was reported this morning, current re- ceipts being quoted at 36 and 38 cents, selected at 43 and 44 cents and hennery stock at 45 cents. Storage eggs were quoted as low as 30 cents. The butter market continued firm, ‘The meat market has changed very little the past few days, and fruit. and vegetable prices continued practically unchanged. Dealers had attractive offerings this morning of all varieties of fruits and vegetables and reported prices anything but high, Today's Wholesale Prices—Jobbers® Prices Slightly Higher. Butter—One-pound prints, 5115a53%; tub, 5012a51%;; store packed, 30a35. Eggs—Hennery, 45a47; fresh selected, 43a44; current receipts, 36a38. Poultry, _alive— Turkeys, 35a36; Spring chickens, 26a27; Leghorns, 25; fowls, 25; roosters, 19a20; ducks, 25; geese, 20a25; keats, young, 60a80; old, 30; dressed turkeys, 35a42; Spring chickens, 30a32; Leghorns, 28a30; fowls, 28a30; capons, large, 45a48; small, 38a40; ducks, 30; geese, 30; keats, young, 80a1.00. Meats—Beef, top, 25; medium, 21%a 23; common, 17al8; veal, 25a27; lamb, 28; pork loins, 18; fresh hams, 21a23; fresh shoulders, 17a18; smoked hams, 25a26; smoked shoulders, 18; bacon, gg’/zz; lard, in tins, 12%5; in packages, V2. Live stock—Calves, 16; lambs, 13al4. Game—Rabbits, No. 1 grade, 25; No. 2 grade, 15a20. Fruit and Vegetable Review. ‘The daily market report on fruits and vegetables (compiled by the Market News Service Bureau of Agricultural Economics), says: Apples—Supplies moderate; demand light, market steady; barrels, Virginia, U. 8. No. 1, 25 inches up, Staymans, | 4.50; boxes, Washington, medium to| large size, extra fancy Delicious, 3.25; Romes, ; Staymans, 2.50a2.75; Jona- thans, 2.00a2.25; bushel baskets, Virginia § and Pennsylvania, U. 8. No. 1, 2% | inches up, best, 1.50; poorer, 1.35; Stay- mans, 1.50; U, S. No, 1, 2% inches up, mostly around 1.75. Cabbage—Supplies _light; demand light, market steady; New York, Danish type, 90-pound sacks, 2.35a2.50; 100~ pound sacks, 2.65. Celery—Supplies - liberal; demand moderate, market firm; California, crates, 6.0027.50; some ordinary condi- tion, 4.50a5.00; Michigan,, 2-3 crates, | 3.25a3.50; mostly 3.25. Lettuce—Western supplies liberal; de- mand light, market steady; California, crates, Iceberg type, 4-5 dozen, fair quality and condition, 3.75a4.00; few good quality and condition, 4.50a4.75; Southern stock, suppl light; demand light, market dull; Florida, 1'%-bushel hampers, big Boston type, fair to ordi- nary quality, 75a1.25; few 1.50. { Onions—Supplies light; demand light, | market steady; Michigan and Ohio, 100~ und sacks yellows, No. 1, medium to arge size, 5.00a5.10; mostly 5.00. Potatoes—Supplies liberal; demand moderate, market steady; Michigan, 150-pound sacks Russet Rurcls, U. S. No. 1, 2.15a2.25; mostly 2.15; Idaho, 100-pound sacks Russet Burbanks, U. S. Burbanks, U. 150-pound sacks round whites, No. 1, 2.00a2.15. U. 8. Spinach—Supplies moderate; demand | moderate, market slightly weaker; Nor- folk section, Virginia, veneer barrels Savoy type, 1.9022.00; bushel baskets, 75. String beans—Supplies moderate; de- mand moderate, market about steady; Florida, 7-bushel hampers Green Ref- ugees, best, 5.00; ordinary quality, 4.00a 4.50; Black Valentines, 3.50. Peppers—Supplies very light; demand moderate, market firm; Florida, pepper crates, fancy, 11.00a11.50. Squash—Supplies light; demand mod- erate, market firm; Florida, pepper crates, white, wrapped, fancy, 6.00a6.50. Cucumbers—Practically no supplies on_market. Eggplant—Supplies very light; too few sales reported to quote. Peas—Supplies light; demand mod- erate, market steady; California, 40- pound crates, mostly 6.50. ‘Tomatoes—Supplies light; demand moderate, market steady; Florida, 6s, ripes and turning, wrapped, fancy count, 4.50a5.00; fine-quality and con- dition, 5.5026.00; 3s, ripes and turning, wrapped, 3.50a3.75; some fair condition, 2.00; repacked in Baltimore, 5s, ripes, wrapped, fancy count, 5.50a5.75; choice No. 1, 2.2522.50; 50-pound sacks Russet | No. 1, 2.35; New York, | tions for each day. When the market advanced it is shown above the name of the day and when it declined it is below. The results are as follows: Advance Dec4une This period seems to be a good one to study since stocks advanced on 30 days and declined on 31 days. - The most unexpected result is that during the past two months when in- creasing alarm was being expressed over the credit situation, stocks actually showed a normal tendency to rise on Thursdays immediately in advance of the publication of the bank statements which were usually unfavorable to the future of stock prices. This tendency is proven by the fact that on eight ‘Thursdays stocks ignored the money e sdays they Geimed. - oo two e ‘The next most impressive fact is that while little fear was shown for the bank statement, traders showed a great un- willingness to carry stocks over the week end, for on only three Saturdays did stocks rise, while they fell on seven Saturdays. Thus if one’s mind had been made up not to carry stocks over the week end it would usually have been better to sell on Friday or early Satur- day morning rather than at the close on Saturday. It will be interesting to see if the re- cent break will upset this tendency of the market to rise on Thursdays and decline on Saturdays. (Copyright, 1928.) — MORE THAN 25,000 SHARES TRADED IN NEW MARKET By the Assoclated Press. NEW YORK, December 20.—The New York Produce Exchange added securities to its line of ofls, flours and provisions yesterday, and more than 25,000 shares changed hands on the opening day of New York’s third securities market. A great turnover is expected today, as the traders will have closing quota- tions of yesterdey on which to base freir transactions. Also, the beginning 7 /ading yesterday was delayed by open- mg ceremonies. Nearly all of the 15 members who had qualified for securities dealing. ‘The bulk of the 250 stocks and bonds, which the Produce Exchange’s securities department had listed for the start of trading, were dealt in. The low priced issues were particularly popular. The first sale was 10 shares of MacFadden Publication common at 123, - Revenue {freight week ending December 8 were reported yesterday by the American Railway Association to have totaled 984,352 cars. ‘This was an increase of 84,566 cars over the preceding week, with gains being reported in the total loading of all com- modities, and it was also an increase of 106,676 cars over the corresponding week of 1927. Miscellaneous freight loadings for the week ending December 8 totaled 353,629 cars, an increase of 45,747 over the same week of last year; coal, 199,- | 080, increase 26,663; grain and grain products, 56,719, increase 12,485; live | g; stock, 33,697, increase 1,918; loading of merchandise less than carlot freight, | 255,875, increase 9,218; forest products, | 63,443, increase 6,530; ore, increase 1 3,075; coke, 10,706, increase 1,040. e mostly 2.75; large size, 2.25; small size, 00, strawberries—sugplles very light; de- mand light, market dull; Florida, pony refrigerator, pints, 40. No sales of fresh stock re- ported. moderate, market steady; California, pony crates, 1.75; Long Island, crates, | 2.75; some fair quality, 2.00a2.50. Beets—Supplies light; demand light, market steady; Texas, crates, 5.00, Carrots—Supplies light; demand light, { market steady; California, Western let- tuce crates, bunched, 3.25. Oranges—Supplies liberal; demand moderate, market steady; Florida, boxes, various varieities, No. 1, medium to large size, 3.50a4.00; small size, 2.508 00. 0 | 3%s trflt}inz participated in the initial 4 2 REVENUE FREIGHT LOADINGS |} loadings for the | Berl Missionarys, holdovers, E Caulifiower—Supplies light; demand | N tions together in interconnected apd superpower chains. Thus the cost "of power rests less on the cost of fuel and the expense of producing current than on the transmission and distribution of current. < A leading engineer of one of the greatest public utility companies point- ed out today that with 16-cent copper the lines which at the beginning of the year cost the utility companies 14 cents a pound for the copper wire now cost 19 cents. That 5-cent differ- ence means the addition of millions of capital expenditures in every new line and every new expansion of the power industry so long as the price is main- tained at its present level. The technical position of copper war- rants the price. Shipments are being made as rapidly as possible from the mining districts and production now i being sold 60 to 90 days ahead. This| indicates to the copper industry a period of months, if not years, of prosperity ahead. The cooler minds say months— not years, Producers in many instances are predicting 17-cent copper and there is some talk of 20 cent. Power Prices. Electric power is sold on the closest ible margin. Its price has advanced ess relatively than any other necessity since 1914, But its expansion cannot continue and its rates cannot be main- tained if all replacements and additions are on the higher cost basis. There are two inferences to be drawn from this— either there must be a reduction in in some other department or pow- er rates must advance until copper rates come down. ‘Then, too, much copper now is being absorbed in new uses. The oil-heating industry absorbs more than 5,000,000 pounds & year. The automobile indus- try accounts for 228,000,000, and radio for 30,000,000 Electric refs counts for, 35,000,000. copper in the Lake cannot be greatly expanded owing to shortage of skilled labor, but the South American, Arizona, Utah and Nevada and Montana properties are capable of greatly increased production. Sooner or later this output will stabilize prices. g the G lmunwuuan and wer lines of -priced copper will have to produce revenue sufficient to absorb the copper cost, even if the consumers have to pay for it. SHORT-TERM SECURITIES. (Reported by J. & W. Beligman & Co.) Bld. Allis-halmers Co. s 1037. ... 360 ‘Aluminum Co. of Amer. 5s s 982 101 ‘American Tel. & Tel. 1920, 99 4 | which give financial assistan Elec. 55 1952 Co. 5is 1937, oston 4lzs 1930 Gen. Mot. Accep. Corp. 8s 1937. . Petroleum Corp. 5s 1 odyear T. & R. bs 1957.. Grand_Trunk Canada 6s 93 Gulf Oll of Pa. bs 1937 . ble Ofl 5¥s 1! Sinclair Crude Oil Co. Southern Pac. R. R. ds Standard Oil N. Jersey 5s 8t. L., Ir. Mt. & So Ri 8wift' & ‘Co. '5s 1932 Union Ol Calif. 55 U. S. Smelting Co. 5%s 1935 Western Electric Co. 55 _1944.. 10 Westinghouse El. & M. 55 1946 ‘Wheeling Steel Corp. 5¥s 1948. 10i TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co.) turit Bld. Ofre e vt 5. Tig20 . 92e nBa 99 28-32 99 30.32 1929... 9f 1946 9 %8 Mar. Mar, 4ios June 1 433 Sept. 1 9716-32 9724-32 FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks valuo (of oar). oday. Londor, pound..... 4 s, e, lira, Zurich, franc. Atheps, drach Madrid, peseta vienna, chilling. DIVIDENDS. Pay- Pe- g Tiod.rate bl Midnor Q §0.15 Jan. s 7 5 DOOOOOOOODOE>POZD: ,_,, R e B e 2 'DOOPOOED) =. 5 i, G55 Do part Staban Secur . R XA e weets Syracuse Wsh M Transue' & Wi Tickett, Tb Co count, 4.50a4.75; hothouse, 10-pound baskets, Ohlo, medium size, 2.7583.00; “Grapefruit—Supplies light; demand moderate, market firm: Florida, boxes, medium size, No, 1, 490, pt.. Tenn Cen Ry & Beth . Web '8“ op & .o A (o ce e WALL STREET IS PLANNING BIG CHRISTMAS CELEBRATION By the Associated Press. NEW YORK, December 20—Wall Street expects, and f ready for, & merry Christmas. The great wave of speculation in the past few month s has left the Street plentifully supplied with money. It is estimated that brokers' commissions will | salary. establish & new high record for all time this year, being placed at above $360,- 000,000, or more than $1,250 a day for each member. To that amount may be added an enormous sum representing the aggregate of extra dividends, paper profits converted into cash, increased salaries as the result of the buslest days in history, and, above all, bonuses. Bonus is almost a synonym for Christmas in Wall Street, and espe- cially so this year when most good- hearted bosses will share their profits with employes. The sharing began days ago and the stores in the Street have been somewhat hard pressed to change a plethora of brand-new 50 and $100 BOY, 11, IS FOUND CHAINED TO BED Foster Parents, Under Arrest, Say They Saw No Harm in Act, Police Assert. By the Assoclated Press. RACINE, Wis, December 20.—Soft bandages today pressed the lacerated wrists of 11-year-old Raymond Strat- ton, found chained to a bed in the home of his foster parents, Mr. and Mrs. Charles E. Johnson, yesterday. Raymond was in a hospital, while the Johnsons were under arrest, charged with “torturing and cruelly maltreating a minor child.” They told arresting officers they saw no harm in chaining the boy so he would not run away while they were at work. A tip that they would “find some- thing” if they went to the Johnson home led police to the discovery of the orphan boy’s plight. A heavy logging &me&;le!d by two hugh padlocks, held ‘The lad sald he had been chained day. He had been ordered to wash the dishes, he said, and because he was slow at the task his stepfather ugz(nlded him. Later he was placed in cl Ins. Whend!.h:e' omee'l: enmerd r';hna ptlhm Raymont an cry, fearing ey were truant officers. He told them that he wanted to go to school, “but they wouldn’t let me.” Johnson told police he kept the boy from school for fear he would contract pneumonia. {LATIN AMERICAN TRADE WITH U. S. IS EXPANDING Special Dispatch to The Star. NEW- YORK, December 20.—While the trade of Canada with the United States exceeds that of all Latin Amer- ica, the trade of Latin America with the United States is expanding rapidly every year. 1In the year Lincoln was elected Pres- ident, the United States sold $40,700,- 000 worth of goods to Latin America and imported $79,110,000, making a total of $119,810,000. Imports from Latin America have nearly always ex- ceeded exports, and during the last five years the total volume of trade be- tween Latin America and the United States has averaged better than $2,- nog;hmm a y;lr.m B e figures for year are not ye complete, but for 1927 the United States sold more goods in Latin America than were sold by the United Kingdom, Ger- many and France combined. The United States also bol Latin America in 1927 these three nations combined. The trip of President-elect Hoover should have far-reaching effect in de- :le‘}opin' still more this trade expan- n. EDUCATION ON CREDIT. 282 Colleges Have $4,000,000 for Students’ Loans. A new and well rounded education cfi‘ now be obtained on the installment plan. ‘The Bureau of Education has found that in 282 colleges and universities there are funds totaling nearly $4,000,- 000 for loans anni to_ students. These loans generally are pald back to the fund in a specified time after graduation. Aside from institutional resources there are many independent agencies ce to col- lege boys and girls. Motor Production Report. NEW YORK, December 20 Russell E. Gardner, president of Gard- ner Motor Co. of St. Louls, sald the company’s production will reach the 4,000 mark for 1928, establishing a new high_record. SOL HERZOG, Inc, For the “boy friend” any young lady can select a belt and buckle—and be cer- tain that her gift will be entirely appropri- ate. $1 Up to $4.50 Sol— "HERZOG —Inc. Cor.9%thatF bills 'presented by workers who ordi- narily present a quarter or & dollar bill to the cashies i ‘The a8 te of bonuses alone will run into ions of dollars. Commis- sion houses and other active organiza- tions in the Street have paid as bonuses from 10 to 80 per cent of the year's . ‘There have been a few cases where employes, usually those of long service, have received as a bonus a full year's pay. A few houses cling to the old custom of distributing gold colns as Christmas gifts, but most of them find their employes are quite as well satisfled with a crisp bill, especially when it runs into three or four figures. Christmas partles are being planned and held in hundreds of the larger offices. ‘There will be, of course, the usual Christmas tree set up in front of these days, song sheets will be passed Bands and choruses will surround it one these days, song sheets will be passed out and the Street will enjoy once again it own carol singing. USE OF NIGHTSTICKS BY POLICE IS URGED Whalen Says New York Must Be Made Unhealthy for Under- world Element. By the Associated Press. NEW YORK, December 20.—Night sticks are to be used freely by New York police on gangsters and thugs, the new police commissioner, Grover Whalen, told assembled officers. “There is a lot of law in a night- stick and the police need have no hesi- tatlon in using whatever means they find necessary in dealing with gang- sters and thugs or when their lives are . I want every underworld character to have it impressed upon him that New York is an unhealthy place in which to remain. “Speakeasies, gambling resorts and other disorderly places must be closed. “There are certain of places which are the breeding g and I want to rid the city of them.” ——e Capital Stock Increase. DOVER, Del., December 20 (4#).—No- tice of an increase in its capital stock from $5,000,000 to $10,000,000 was filed at the State Department today by the Venezuelan Petroleum Corporation. The headquarters of the concern is in New York City. ROCKEFELLER AIDS REISNER TEMPLE Notes Doom of Small Church. Says City Best Served by Big Sanctuary. Speclal Dispatch to The Star. NEW YORK, December 20.—A plea for $500,000 to complete the Broadway Temple, the skyscraper church now ris- ing at One Hundred and Seventy-fourth street, was made yesterday by John D. Rockefeller, jr., at a luncheon of fifty bankers and business men at the Bank- ers’ Club, 120 Broadway, given by Percy H. Johnson, president of the Chemical National Bank and an active worker for the temple. Although the original cost estimate was $4,000,000, deeper foundations and added labor have brought the sum to $5,500,000 for the 36-story structure. Mr. Rockefeller, who already has given $250,000 toward the project, has pledged $100,000 more if the Rev. Dr. Christian F. Reisner, pastor, raises $500,000 before the end of the year. Day of Small Church Over. Mr. Rockefeller, who spoke at the luncheon, said that the day of the small church was over in Manhattan. He as- serted Dr. Reisner had solved the church problem in large cities through the erec- tion of the temple. He spoke of the necessity for skyscraper churches to dominate the skyline, thus giving to re- ligion a material as well as a spiritual dominance and attracting parishioners who otherwise would not have thought of entering. Dr. Harry Emerson Fosdick, pastor of the Park Avenue Baptist Church, of which Mr. Rockefeller is a member, said he believed that the Broadway Temple experiment would serve to dramatize religion and attract the imagination of the city. May Be Tax Free. ‘Two new $1,000 bills were turned over to Dr. Reisner after the Iuncheon by Lewis L. Clarke, chairman of the board of the American Exchange Irving Trust Co., who said the money came from an old friend of his father, the late Du- mont Clarke. The ol other money received was a $100 bill from Walter F. Gips, leather merchant, of 30 Spruce street, who sald that although he was a Jew he always was interested “In assist- ing in any project that will help the people.” A plan whereby Dr. Reisner hopes to make the building tax free was advanced when he said he hoped to convert cer- HIGHER MONEY RATES FAIL TO AFFECT D. C. BUILDING Special Dispatch to The Star. NEW YORK, December 20.—The slowing down in bullding construction, which is one of the effects of high money rates, continued into November, when permits, according to & national building survey, were 14 per cent less than last year and 9 per cent below those of October. ‘The conditions prevailing appear to affect nearly all sections of the United States. They are, however, more con- spicuous in the larger centers of popu- lation such as New York, Chicago and Los eles, where the greatest losses have en place, although a material shrinkage has also occurred in_such cities as San Francisco, Buffalo, Cleve- land, St. Louis and Baltimore. Excep- tions to the general trend are to be found in Detroit, Washington, D. C.; Boston, Atlantic City, Newark, N. J.; Milwaukee, Houston, Tex.; Memphis, Tenn.; Cincinnat!, Richmond, Va.; At- lanta, and in Indianapolis. The decline in New York last month was_over 20 per cent from the No- vember, 1927, figure and 35 per cent under that month two years . In Chicago it was 30 per cent below the average of the two previous years. Los tain space in the tower into 500 rooms for young men and women to be rented at cost under the Y. M. C. A. and Y. W. C. A. plan. This would bring it under the State exemption rules. (Copyright, 1928, Angeles was down more than 60 per cent from a year ago, San Francisco about 35 per cent and Buffalo 50 per cent. In contrast was an increase in Washington, D. C., of nearly two and one-half times the amount of the aver« age permits in 1927 and 1926. The States showing the greatest per- centage of decrease last month were California, Connecticut, Illinols, Mis- souri, Kentucky, New York, Ohio, Penn~ sylvania and Washington. Due to re- construction operations in Palm Beach the Florida total was above that of last year. Other States that_showed, gains were Georgia, Indiana, Jowa, Kansas, Massachusetts, Michigan, Tennessee, Virginia and Wisconsin. It has only been within the last few months that the restricting effect of high money rates has been felt in the building trade. gomm T s Municipal Bond Sale. BALTIMORE, December 20 (Specfal). —The City of Baltimore has announced that only $3,955,000 of its bond issue of $5,000,000 originally scheduled for sale January 10 will be marketed. This decision was made in view of the easing tendency of the municipal bond market. The issue will bear 4 per cent interest. Securities to be sold next month are for harbor improvement purposes' and are a part of the $10,000,000 issue authorized at the election in November. Make It a “Star” Christmas Your subscription to The Star—Evening and Sunday—for some one out of town—will give daily remjnder of your thoughtfulness. Rates by Mail—Postage Paid Maryland and Virginia Evening and Sunday....$10.00 Evening ....c.ceccceeee $6.00 Sunday ....cececeee.. $4.00 One Year Six Months $5.00 $3.00 $2.00 All Other States and Canada Evening and Sunday. .. .$12.00 Evening . . One Year Six Months $6.00 . $8.00 $4.00 . $5.00 SIGNS AND ELECTRIC DISPLAYS It is important for users and prospective users of Neon electric signs to note the following facts: The Claude broad patent has been held valid by the highest courts. Users of signs made by infringing companies are equally liable for damages. Judgment has already been issued against several companies and accountings being secured. Promiscuous statements and advertisements purporting to sell non-infringing Neon signs are being issued. One should be guided only by “THE WORD OF THE COURT.” The only remaining step is the physical execution of the Court Order. This step is now be- ing taken. ; Users of infringing signs will be enjoined. There is only one genuine Claude Neon Luminous Tube Electric Sign, and it is manufactured and serviced only by: CLAUDE NEON LIGHTS, INC. and Claude Neon Licensees in the various cities Following is copy of Permanent Injunction served on Rainbow Light, Inc. Rainbow Luminous Products Corporation, and E. Machlett & Son: NOW, THEREFORE, we do strictly command and en- join you, the said E. Machlett & Son, and the said RAIN- BOW LIGHT, INC., and each of you, your privies, officers, agents, attorneys, servants, employes and associates and each and every of them, under the penalties that may 0, In cese of disobedlence, that you forthwith and for the remainder of the term of the said Letters Patent desist and refrain from Skiey ok Savaine 6o be. used or causing uses bodying or containiag the srtularly cialm 1 thereot e T No. 1,125,47t Neon" tubesof " of plaintif’s Exhibits 9 Whether or not containing magnesium’ carbonate. WITNESS, the Honorable Marcus B, Campbell, Robert A. Inch . Moscowits, Judges of the District Court_of the United States, in the Eastern District of New York, this 6th day of December, in the year of our Lord one inousand nine hundred and twenty-eignt. By the Court. PERCY G. B. GILKES, By J. G. Cocmmax, Deputy Clerk. EASTERN DISTRICT OF NEW YORK. ss.: 1, Percy G. B. Gllkes, Clerk of the District Court of the United States for tHe Eastern District of New Yorks do hereby certify that the foregoing is a true copy of an original injunction on flle and remaining of record in UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK CLAUDE NEON LIGHTS, Inc. Plaintiff against E. MACHLETT & SON, Defendant PERPETUAL INJUNCTION THE PRESIDENT OF THE UNITED STATES OF AMERICA —To— E. Machlett & Son, a corporation of New York, and Rainbow Light, Inc, a corporation of New York, their privies, officers, agents, attorneys, servants, employes and associates in each and every one of them. ‘WHEREAS, it has been represented to us in our District Court for the Eastern District of New York that Letters Patent of the United States, No. 1,125,476, gsue 1 , to due form of law on the 1Sth day of January, Georges Claude, for System of Iluminating by Luminescent e In Equity No, 2465 and In Testimony Whereof, T have caused the Seal of said Court to_be hereunto afiixed, at the Borough of Brookiyn, in the Eastern District of 'New York this 8th day of One_Thousand of Our_ Lor Hundred 'and Twenty-elght and of the Independence of the United States the one hundred and fifty-third. PERCY G. B. GILKES, Clerk. By J. Q. CoCHRAN, (Beal) Deputy Clerk. In addition to the Claude patent 1,125,476, a basic patent validated in this litigation, Claude Neon Lights, Inc., has additional patents and applications emanating from their European Research Labora- tories, as well as from other American laboratories. These applications, numbering in excess of thirty, are filed in the United States Patent Office, and cover useful means of producing luminous tubes in the varri- ous colors, derived from Neon as well as the other rare gases of the air. : CLAUDE NEON LIGHTS, INC. 50 East 42nd Street, New York City With Licenses In All Localities To Give National Service OF MARYLAND CLAUDE NEON LIGHTS Somoran Phone University 1531-2 Washington Sales Office Colorado Bldg., Main 8799 Factory on Sisson Street, Near 23rd Street. Baltimore Sales Office ~ 12 Clay St., Calvert 1819