Evening Star Newspaper, December 23, 1928, Page 34

TRADING IN'STOCKS Public Has Not Abandoned! Market, but Is Using More Caution. BY CHARLES F. SPEARE. Bpecial Dispatch to The Star. i NEW YORK, December 22.—The | after-effects of the break in stocks a | fortnight ago are gradually disappear- ! ing. In spite of the nearness of the ! holidays, the trading volume has ex- panded again, although it is still about | one-third less than in November. | Stocks that cost more to carry and give the lowest return on capftal in- vested have resumed their leadership. Twenty such issues this weck showed | an average rccovery of 23 points from ! the low of December 8. A few ave ap- | proaching top prices of the year. The | market's convalescence has been re- | markably rapid, but careful nursing is still needed. The public has not yet abandoned Wall Street. It is more discriminating and more moderate in its operations, but eager to avail itself of the possibili- ties presented by attractive situations and willing to advance its money in order to participate in them. A short time ago it subscribed $325,000,000 to & $100,000,000 investment trust of the mapagement type. Last week it poured in its orders over the cable for the new Ford Co. of England stock, which today is quoted at a premium of 225 per cent over the subscription price. This week it absorbed without difficulty the $7 000,000 offering of another finance cor ration, paid 85 points more for Radio an it had been required to pay in the recent decline and bid eagerly for a number of the copper, steel, rubber and tire and rail shares when members of these groups were seiling not far from the year’s highest level. Professionals Again Busy. Professional operations have obviously | played an important part in the re- rovery. For this reason too much sig- nificance may be attached to it. The average gain is not quite 50 per cent af the average decline from the Novem- Ber 30 pinnacle. It is notable, however, that even this amount of improvement couid be made in the face of cxisting money conditions and in the absence of eonspicuously favorable developments. A market that has had several vears of momentum liquidates slowly. With this week's decrease of $65,000,000 in brokers' loans the total reductoin from the high point last month is only about $284,000,000. With the price average considerably lower last June than in cember, the shrinkage in loans in e two weeks following the June break was $10,000,000 greater than in the same period of time this month. This does not satisfy either the Federal Re- serve or those bankers who cannot rec- encile the employment of $5,110,000,000 in the speculative market with the _“l'x’n\‘fmnee of sound commercial con- ns. Because of the deflation in prices and the correction of a large number of serious market situations the higher rates for money this ‘week have not accasioned any alarm. Their main effect has been to intensify the dullness 4n bonds and to produce some liquida- tion in low income-bearing securities. re are, -however, threats in this 's rates for various grades of paper 't may well be heeded. Acceptances are now close to the rediscount rate. which for nearly six months has 5 per cent. Market Competes for Funds. There is another quarter from .which ference ine money conditions may @rrive, namely, London, whose. banking Peserves have dropped off sharply due : loss of gold and whose protection of tic resources may enforced flm?h the medium of higher discounts. & this may be traced directly to our market, which is competing for inds in every part of the world and dicapping certain lines of industry t can only prosper when there is vailable to them abupdant supplies of at moderately low rates of in- Fortunately, commodities are not in~ ted as they were seven or eight years , When rates for commercial paper ‘were quoted at a parity and sometimes ®bove rates for time money, in contrast with the present situation when the wpread between the two, and to the ad- vantage of the former, is from 21; to 3 ae‘: cent. The inventories of most of large corporations at the closing of the year will be low relative to current Yyolumes of production. Their liquid as- :Iu el‘n“ !::drom g( :xh in banks, money marketable securities will be tigher than ever. If the foundations of the stock. mar- t are insecure at some key points, b ;.;nuuflufi:‘ruy&w hml’:ll that those of usiness are generally strong and should remain’so, unless the fever of Eeculseum infects the manufacturer d the merchant and urges them to mecumule’s raw materials in excess of requirements, on the assumption that & rise in commodities must follow an ®dvance in stocks. Railroad Situation Strong. ‘The exploitation during the past year nearly every group of stocks except rails gives the latter a preferential tion in a market that has been rough a corrective process and is king for new leadership. There are strong features of the railroad situa- n that recommend railroad shares to L portion of the public desiring a semi-investment type of security on which the income return is still well Bbove that on bonds. Railroad earnings are satisfactory. There is every reason to expect a heavy movement of traffic well into 1929. Increased dividend possibilities have not exhausted themselves in this group, although railroad managers are extremely conservative and still fear the effect on rates for their services If" ‘they show evidence of reasonable rosperity in the dividends they pay to Heir ghareholders. The argument is again advanced here that when earn- Ings have averaged nearly twice the Bividends pald and, if -maintenance were on a normal scale, would even exceed that amount, it is only fair to the railroad stockholder that he should be given a larger proportion of the fits. So far as the effect of such liberality on the Interstate Commerce Commission or on State commissions rau. evidence is lacking, as rate mak- | ng by these public bodies seems to| bear no relation to the merits of the case. and it certainly does not conform to the requirements of the transporta- Bon act. Competing Agencies Increase. On the reverse side of the situation pespecting railroad stocks are such de- cuR:ns as that made last week by the Interstate Commerce Commission, Wwhich emphasizes the development by the Government of the inland water- ways. These are more and more com- ing into competition with rail lines end, like motor trucks, taking from the carriers a portion of their profit- able freight and being in a sense subsi- dized in relief from taxes and from franchises on the routes crcated and maintained for them. It is a source of considetavie despair to railroad men ‘o realize that their gross revenues have apparently reached their maximum and that there are increasing agencies being developed for competing cheaply with | them for business. | Another restricting factor on railroad | pecurities is the possibility of an ad- verse Supreme Court decision in the St Louis and O'Fallon case, about which the counsel for a number of the im- nt Eastern lines are none too 382-161/265 Riggs warrants . eful; also the very grave doubt ex- éf\:x as to a favorable gecision by the erstate Commerce mmission in (Reported by W. B. Hibbs & Co., Hibbs THE SUNDAY STAR, WASHINGTOX WASHINGTON STOCK EXCHANGE YEAR 1928 TO. DATE Building, Washington, D. C.) INCLUDING FRIDAY, DECEMBER 21. BONDS. PUBLIC UTILITIES. Anacostis & Potomac River R. R. 1st 5. Capital Traction 1st 5s 1047 ...... C. & P. Telephone 1st 5s, 1920 C. & P. Telephone of Virginia 5s, 1943 . City & Suburban Ry 1st 5s, 1948 Georgetown Gas Light 1st 5s, 1961 . Potomac Electric Power 1st 5s. 1920 . 138 Potomac Electric Power cons. 1936 74,000 Potomac Electric Power gen. 6s, 195 6,000 Washington, Alexandria & Mount Verno: 201,000 Washington Gas Light gen. 5s. 1960 351,800 Washington Gas Light series A 6s, 128300 Washington 304,000 Washington 72,000 Washington Sales. 547,000 349.500 28,000 15,500 50,000 45,000 65,000 MISCELLANEOUS. ,500 Barber & Ross 6%:s. 1937 .............. 000 Chamberlin-Vanderbilt Hotel 6%:s. 1942 8000 Chestnut Farms 6%s. 1941 . 4.000 Chevy Chase Club Ist 5%us. 1976 . 1933.... Gas Light series B 63, 1936... Railwav & Electric cons. 4s, 1951. Railway & Electric gen. s, 1933. g vield to Open High Low. Close. maturity. 1949 100 104 100% 1041, 9 104 10135 103% 104 101% .. 108% 109 107% s 2 2 105 102 105% 102 107 103 911: o1ty 103% 102% 101 105 1017 104% 100% 105 101% 9% 100% 99% 10312 96 1021 9975 96% 93%2 22500 District of Columbia Paper Mfg Gs. 1937 2.000 Potomac Joint Siock Land Bank Ss, 1934 9,500 Wardman Park Hoiel 5las, 1941 ........ 5500 Wasbington Arcade §las, 1042 . .. 14,000 Washington Consolidated Title 6s. 1951 3500 Washington Market Cold Storage 5s. 1938 . STOCKS. PUBLIC UTILITIES. 6,432 Capiial Traction . f 246 Norfolk & Washington Steamboat 520 Potomac Electric Power pfd ,662 Potomac Electric Power pfd. 10,380 Washingion Gas A 2473, Washington Railway & Elec. com. 4420 Washington Railway & Elec. pfd. $100 100 100 NATIONAL BANKS. 1 Capltal . ... 283 Commerctal 192 Distriet 3 Farme 630 Pede: 40 Liberty 139 Metropolitan 985 Riges 100 100 100 100 100 100 100 100 & Mechanics' . American 100 100 213" Second ....... 171 Washinston TRUST COMPANIES. 703 American Security & Trust 5 Continentai Trust y 632 Merchants' Bank & Trust 235 National Savings & Trust . 398 Union Trust ........... . 68 Washington Lean & Trust . SAVINGS BANKS. 53 Bank of Betnesda ........ 10 Commerce & Savines ...... 150 Fast Washington Savings Bank.. 10 30 Potomac .. - 5 40 Security Savings & Commercial.. FIRE INSURANCE. 455 Firemen's ... ..... 562 National Union . TITLE INSURANCE. 135 Columbia e 20 Real Estate . ... 90 Title & Inv. Co. of Md. com 25 Washington Cons. Title Ins. pfd.. MISCELLANEQUS. 1,65¢ Barber & Ross, Inc.. com 2,538 Chestnut Parms Dairy pfd. . 827 Chestnut Farms Dairy com. 415 Chevy Chase Dairy pfd. . 2271 Columbla Sand & Gravel pfd. 352 Commercial National ptd. . 142 D. C. Paper Mfg. Co. ptd. . 312 District National Security pfe 1,043 Fegeral-American Co. com 233 Pederal-American Co. pfc 52 Federal Storage Co. pId 3,148 Lanston Monotype .. 406 Merchants' Transfer & Stg. ¢ 1,197 Merchants' Transfer & Stg. pfd.. 10229 Mergenthaler Linotype . 18,151 National Mtge. & Inv. Co. DI 914 Peoples Drug Stores pfd . 3,285 Peoples Drug Stores pfd. 3,142 Sanitary Grocery pfd. . 245 Security Storage ... . 325 Terminal Ref. Whe. Corp. 10 Washington Convention Hall pfd. 15 Washington Medical Bldg. Corp. 208 Washington Mech. Mtge. Co. com. 85 Woodward & Lothrop pfd. ..... UNLISTED DEPARTMENT. 190 100 100 100 100 100 25 33,500 Army & Navy Club 5s. 1961 3,000 Cosmos Club 4135 (retired annually) 4,000 Metropolitan Club 4%s, 1936 .... BONDS. 724 Chapin-Sacks 1st pfd. 20 Miller Train Control 3 Raleigh Hotel ... 13 Departmental Bank 28 Munsey Trust Co. . 85 Park Savings Bank Div High. 11672 310 1 109% 106 485 104 260 265" 21675 336 343 253 406 57712 320 270 318 462 135 158 521 340 515 5 330 40 326 501 £ Approx 5.30% 475% 5.25% 4.687% 5.50% 4.80% 5% 4.80% 5.42% Approx vield. 6.6% 3.9% 5.4% 5% 3.4% 167 5.1% 8.5% 2.1% 6.5% 7.8% 6.1% The Daily Cross Wofd Puzzle (Copyright, 1928.) . Easily aroused. s . International language. o . Toothed irregularly. . Indefinite article. . Prefix, into. . Diphthong. . Father, . Prefix, again. . Like. . A State (ab.). . Pessessor. . Water in vapor form. . Call of a cow. . Period. . Beverage. . Styles. . A cup. . Printer’s measure. . Collegiate degree (ab). * . Nova Scotia (ab.). Down. Eternity. Desist. . Anger. . Toward. . Snake. . Animal. . Organ of hearing. Counsel © A State. . Opposite of cathode. | Distributes. . Court. . A particular thing. . Membranous pouch. . Arabian name. . Prussian resort. . Arablan garment. . Bear do! . Until . Sylvan deity. . Printed notices. . Negative. . 501 (Roman). Exists. wn. . Street. . Father. . Athletic club (ab.). . Tribe of Israel. . Mountain in Crete. . Artificial language. . Goodness. ANSWER TO YESTERDAY'S PUZZLE the Northern Pacific-Great Northern merger application. The fact that there is abundant legal precedent for overthrowing the Inter- state Commerce Commission’s doctrine of valuation and that none of the ele- ments entering into objections to other railroad -consolidations are present in that of the Northern lines mgy not ' prevent the application of inconsistent theories to these highly important cases. ‘These possibilities act as re- straints whenever a broad movement in railroad securities gets under way. P ks anaant NE MAN'S (Copyright, 1928, by Public Le?uer.) % FEEFRRRRY PR R R R R R R R R R + Yvonne Ross, unknown to her husband, who is away on a three-month vacation trip, has become & famous dancer on Broad- way, where she is billed simply as Mad2- molselle. On_ his return Yvonne expects to resume her life as his wife. She keens his ouse, cooks his meals. serves him in every way, wearing the simple costume she wWore when Richard married her two years before in Normandy. ~At that time she promised him she would not attempt to change in any way. She has educated hersell secretly. She is deeply in love with her husband and fears he will cast her aside if he learns what she has been doing. Wearing a_wig and make-up, Yvonne appears as Mrs Rob- inson st a tea given by Mrs. Ogden, her Thete she hears & woman younger brother is mad . [Mademolselic. . Also she he ne Lovclace. an oid flame of Peaband's, ‘say she had & letter from &Rich- ard. . ___(Continued From First Page.) INSTALLMENT XV VONNE put her teacup down. News from Dick was more, far more, than she had bargained for. “What is it, Mrs. Robertson? are you faint? Want to get out of here?” Bob's deep voice sounded kindly in Yvonne's ear. “No, oh no. It is nothing,” she smiled brightly at him and forced herself to sip her hot tea. Anne chattered on. “It has been two years. since Dick made that crazy mar- riage of his. I've been expecting some- thing to happen for a long time, and it looks now as though it has. Dick went away two months ago, didn't say a word to any one, and left his wife— that funny little peasant he married— alone out ther: “Did you ever see her, Tommy’s sister asked. “Twice, once in Paris after they were married, and once I went out there to Stamford to dinner with Bob. She surely can cook, can't she, Bob?” Mrs. Ross is a very beautiful girl I think,” Bob answered. “And she knows more about the art of food than most of you have forgotten ar ever learned.” “She’s pretty enough,” Anne agreed:- “But_absolutely non compis mentis— not a brain. She wears funny long full dresses, a cap on her head, and as far as I can find out eats all her meals in the kitchen and waits on Dick like a servant.” Anne?” “Funny he hi 't that soon- | B D Lot TER ot | ready to signal Richard to her side. er,” sald one of the guests. “Dick always had a queer streak in him,” observed Tommy’s sister. “Tommy was crazy to go with him when he made that South American trip, but father wouldn't let him.” “Dick Ross is a fine chap,” Bob said solemnly. “And he's got a damn pretty wife, and too much sense to turn her loose in any crowd of - hellions like you flappers here in New York.” “My goodness, Bob—you are hard on us—but tell me, Anne,” Tommy’s sister was speaking again, “are you really going to put on war paint for Dick again?” Anne shrugged her shoulders. “I may not need to,” she said. “His letter this morning was the first one he's written me in years. Maybe he’s put- ting on the war paint himself.” Before any one could reply to this there was a commotion caused by the arrival of some men for tea. Cock- tails made their appearance and the party became very gay. “You are most kind to stand up for your friend.” Yvonne found aa op- Bo;et;unity of saying to Bob a little “Oh—you mean Dick,” Bob an- swered. “Great old scout, Dick. Got & wife ten times as pretty as anybody here—young, sweet, lovable, but he doesn’t know how to make the most of her.” “Is she then so—so stupid?” Yvonne asked. “No—it isn't stupidity, I'm sure of that. But she's desperately in love with Dick and afraid to do the slight- est thing against his wishes. I begged him to give the girl a chance, educa- tion and all that sort of thing, but he wouldn't.” “Why not?” Yvonne asked the ques- tion a little breathlessly. “Afraid she’d be spoiled in _the process, I guess—maybe too selfish to take the trouble. At any rate he would- n't hear of it. I haven't seen either of them for several months.” “And this Mrs. Ross wno loves her NY cold can mean the flu; the surest way to avoid flu is to avoid colds. At the first sign of a cold, take Bayer Aspirin. And at any sign of sore throat, gargle with Bayer Aspirin. It is the most reliable form of relief, and a real safeguard. There is not the slightest harm in free use of this wonderful antidote for colds, neuralgia, headaches, and other pain. Just look for Bayer on the package. That name is impor- tant. There is only one genuine Aspirin. It has medical endorsement. It comes with proven directions. Learn the many uses of Bayer Aspirin and avoid much needless suffering. SPIRIN DECEMBER 23 e BY BARBARA ~ WEBB husband—does he love her?” Yvonne hung on his answer. “Don’t fancy he does—fond of her, respects her, all that—but love—well, I wouldn't say he did.” “And do you think he may come to love her in time?” ... Bob shrugged his shoulders, then looked sharply at his questioner. “Don't know, I'm sure—would depend on a lot of things, I would say.” He moved away. What a fool he was to be talking about his friend this way. This woman now, this Mrs. Rob- ertson, she was a widow, probably looking out for a second husband. He looked back at her. Something queer about her, she looked so hard when you first saw her, but her voice was lovely and her eyes were somehow soft and appealing, innocent-looking, too. Queer combination that. He sent another glance toward the soft, innocent eyes. She was looking abstractedly down at her cup. Some tum of her head, something in her pensive expression, roused a memory in his mind. “I've_seen her somewhere before, I swear I have,” thought Bob. But as he watched he saw her turn a polished smile up to some one of the other man guests. The memory vanished. ‘“She’s like all the rest of them,” he thought. “I must have had too little to drink to fancy any re- semblance to any one else.” He went in search of another cocktail. Yvorme sat quietly in her chair, watching the crowd. This, then, was the society from which Ric¢hard longed to escape. Which he did not want her to ever enter. Yvonne felt she could understand it and yet surely there must be other people, people who did not spend all thair time amusing them- selves, who would be friendly and com- panionable. She hated Anne: Anne was talk- ing about Richard again. Yvonne could not catch all that was being said, but she gathered that Anne was busily giving the impression that Rich- ard had rushed away and married ‘Yvonne out of pique. That he was only waiting for Anne to beckon to leave Yvonne. That Anne was just about Much of it was false. Yvonne knew. But it hurt her intolerably just the same to hear this talk. As last the party said its adieux. Mrs. Ogden came to Yvonne and sat down sighing wearily. “My dear. I had no idea they would talk about Richard that way. Anne is a fool. Even if every word she says is true—which it isn’t T know—still Anne 1998—PART 2 in a woman’s hand. Yvonne My brother, Mr. Thomas Markham, wished very much to have the honor of your - acquaintance. - May I call on| you tonight at the end of the first act to try to persuade you to. take supper with us after the theater? Cordially yours. . ROSE. VEERING. Yvonne made an impatient exclama- tion. There was np danger of her | being' recognized she felt' sure. Per- haps she could avoid seeing Mrs. Veer- | ing. At all events ‘the -infatuated Tommy would not be present, for Yvonne had given orders ‘that no men were to be admitted to the stairway that ran up to her 'dressing room. She resolved to be courteous to Mrs. Veering, but to refuse her invitation firmly. When she went up to dress at the end of her first number she found Mrs. Veering waiting. “This is an intrusion, I know.” be- | gan the matron, “but we have all been so very eager to meet you that I have just brushed conventions aside in com- ing here.” “I do not speak English,” Yvonne answered in French. Mrs. Veering hesitated, then spoke again in halting French, asking Yvonne's pardon for her intrusion, and repeating the invitation to supper. “I live for my art” Yvonne an- swered simply. “I do.not go out at all. It is very kind of you, but I cannot go.” Mrs. Veering was nonplussed. “It will be a very quiet party if-you like,” she offered. But Yvonne could not be moved. Reluctantly Mrs. Veering went down the narrow iron stairs. -Bob West was there waiting for her. he coming?” he asked. ‘N Couldn’t possibly persuade her. Didn't learn a thing. I half believe she is a princess in disguise. She has a lot of dignity.” Bob put out a restraining hand. “Wait a minute,” he said. “Let's watch from back stage a bit.” As they stood, watching the girls and men answering cues, dancing in and dancing out again, Yvonne de- scended the stairway for her second number. She did not recognize the two standing there until she was upon them. Mrs. Veering turned with a smile of recognition. Bob West stared with all his might at this close view of the dancer who had all Broadway guess- ing. Yvonne nodded slightly to them, and then went swiftly to wait in the wings for her cntrance. said s T'd swear to it—but for the life of me I can’t place that girl.” “If you can, you'll be doing us all a favor” Mrs. Veering said. “Come le!'Bsogofbjllck tg !l:le box.” ollowed her. He was itive he had seen Yvonne scuuewhtg':s be- fore. And he was seriously annoyed to find ghat whenever he thought intent- ly of the dancer, trying to place her, he also thought of ‘the widow, Mrs. Robertson, he had met at Edith Og- den’s that afternoon. “And they're. as far apart as the moon and the sun,” he: told himself. is a fool for talking the way she does. Every one knows that she's crazy wild to get married—it doesn’t matter much to whom. She'd even take Bob West if she could get him.” “Why shouldn’t she marry Mr. West?” Yvonne asked. “Oh, he’s terribly poor—barely has enough to keep going—Anne never could stand poverty. I know that and so does she. Bob likes her and if he had any money they might make a go of it.” “My_head aches,”” Yvonne said. “I think I'll go up to lie down. I've got to pet this makeup off and get back to the theater.” “You poor child.” said Mrs. Ogden sympathetically. “I'm sorry your mas- querade hasn't turned out more amus- ingly the first day. Never mind, we're going to lunch with Mrs, Veering, Tommy's sister, you know. tomorrow. That will. cheer you up. Tommy may be there himself.” Yvonne looked about the cluttered room. “I'm rather si~k of my mas- querade,” she said. “Would you mind if your Mrs. Robertson just disap- peared. called back to Poland or some- where? I honestly do not want to go on with this—this—farce.” 4 Mrs. Ogden protested, but Yvonne was firm. She was going back home that night, she would resume her for- mer mouselike life with its brief excur- slons into the glare of Broadway. At the theater she fould another con- ‘signment of flowers from the “unknown admirer,” who was, she now felt sure, Tommy Markham. A note lay on top of the flowers, addressed to ‘“Made: Avoid the (To Be Continued) ARMY AND NAVY UNION At the muster of President’s Own Garrison, No. 104, last Monday night, | at Pythian Temple, 1012 Ninth street, Maj. W. L. Peak presided in the ab- sence of Comdr. A. J. Renoe. The garrison adopted a resolution presented by Past National Comdr. C. O. Howard, in which it was reported that there was a shortage of beds in the veteran hospitals throughout the United States, and in view of the im- pending epidemic of influenza the na- tional commander of the Army and Navy Union was directed to communi- cate with the proper authorities and -see';‘t’ah;o t{l; facts in case as re- port e garrison by William F. Franklin, Officers were elected for the ensuing year, resulting as follows: Commander, ‘William N. McKelvy; senior vice com- mander, Altus G. Moore; junior vice commander, William S. Wheatley; pay- master, Robert J. Graef; chaplain, Rev. Francis A. Walsh; council of adminis- tration, Maj. Charles William Freeman, Gail T. Judd and Charles L. Fox. A vote of thanks was extended to the quartermaster and adjutant “for the meritorious work they have done in their respective offices during the year.” An auditing committee, composed of Capt. J. H. Bean, Altus G. Moore and Maj. Charles William Freeman, was ap- pointed to audit the books of the quartermaster and paymaster. Refresh- ments were served. FLU Asnirin is the trade mark of Bayer Manufacture of Monoaceticacidester of Salicylicacid “THE ‘MERRY CHRISTMAS Mack Trucks $4.50 —These interesting toys and practical little dump trucks, 26. in. long, 8 in. wide, 10 in. high, with hand dump and 4-in. red disc wheels, with rubber tires and black mud guards, has enclosed cab, and is fin- ished in bright red enamel. “Buddy L” Toys. Buddy L. Dump Trucks, $4.50' Buddy L. Sand Screener, $9.95 Buddy L. Auto Wrecker, $7.50° Buddy L. Hoisting Tower, $13.50. Kann's—Fourth Floor. Attractive Gifts At 4 Low Prices! Novelty China Inkwells Decorated China Tea anc Toast Sets Decorated China Cake Plates 6-pc. Condiment Sets Novelty Ash Receivers Covered Glass Cigarette Holders Novelty China Jam Jars’ 3-pc. China Vanity Sets 3-pc. Glass Vanity Sets Covered Bonbon Boxes Metal Book Racks Silver-plated Candlesticks Silver-plated Bed Vases Pottery Boudoir Lamr and Shade Brass Cigarette Boxe: Brass Dinner Gongs 8-pc. Glass Water Set: 7-pc. China Berry Sets Decorated Wall Pocket: 5-pc: Octagon Bowl Set- Colored Glass Vases Silver-plated Relish Dishes Serving Trays 3-pc. Glass Console Sets - 6-pc. Condiment Sets Brass Umbrella Stands 32-pc. Decoraped Porcelais Breakfast Sets Reliance Electric Heating Pads Thermax Toasters Thermax Electric Irons Aluminum Percolators 12-pc. Stainless Steel Knife and Fork Sets Electric Heaters Table Lamp Bases Table Lamp Shades Water Bottle Lamps Flower Bowls Decorated Beverage Sets Cardy Jars 29-pc. Tea Sets Kann’s—Third Floor. Memorial Wreaths Novelty Ash Receivers 7-pc. Beverage Sets Novelty Smoking Stands Novelty Boudoir Lamps Modernistic Lamp and Shade Nickel-plated Pie Plates with Pyrex insert Silver-plated Sandwich Trays Silyer-plated Bread Trays Special Sale! Cedar Chests $11.45 Ea. —The genuine Lane and other well known makes of chests—that regularly sell at $16.50. They are made of cedar, 38 inches long, and fitted with lock, key, cedar handles and strong casters. A gift ' to please any woman. Two Other Sale Groups at $18.45 and $28.45 Kann’s—Third Floor.