Evening Star Newspaper, December 25, 1929, Page 15

FINANCIAL, . SECURITY MARKETS | CLOSE FORHOLIDAY Stock Prices Slightly Higher After Dull Session on Ex- change Yesterday. By the Assoclated Press. | NEW_YORK, December 25.—Today being Christmas day, the New York Stock Exchange, Curb Exchange and all other security and commodity mar- ! of the country were closed. In one of the dullest full trading ses- slons of the year, stock prices rallied yesterday and then lost about half their in a late wave of profit-taking. et gains in the active issues ranged from 1 to 5 points, with larger advances In a few specialties. Final quotations also disclosed a scattering of net declines. The day's sales fell short of 2,000,000 es. ‘The day’s business news was mixed in character. On the constructive side ‘were the announcement that the Van Sweringen roads would buy $100,000,000 in new equipment next year, the re- ning of the Studebaker automobile . ;;1': the placing of an order for 39 otives by Southern Pacific and re- g'.l of a better automotive demand steel. Offsetting this was a further decrease in freight-car loadings and the g of the United States Leather and United Profit-Sharing dividends. Day’s Trading Dull. United States Steel common, after having crossed 164 in the early trading, fell back to 161'%. up 13, net. General Electric dropped from an early high of 227 to 224, up 3 points, and American Can from 113% to 110':. up 2. Amer- fcan Telephone closed 134 points lower at 214% after having sold as high as 219. So dull was the day’s business that many traders left the floor at midday 1o return to their offices or their homes. ‘The usual hilarious demonstrations of “bull” traders on the floor of the ex- change were conspicuous by their absence, but bearish professionals cele- brated quietly in their own offices and covering part of com: nts ang giving some impetus to the day’s rally. International Combustion preferred | in and United States Freight each ran up about 8 points, but the turnover was small. Allied Chemical and General Gas & Electric closed nearly 5 points higher and Atchison, du Pont and American Tobacco B each showed net gains of about 3 points. Gains of 1 to 2 points were quite common throughout the rest of the list. Rubber shares were heavy all day. Ingersoll-Rand broke 14 points on a few sales. ‘Wheat Prices Gain. A brisk rally of about 5 cents a bushel in wheat prices, based on a bullish Argentine government crop re- port, overshadowed all other develop- ments in the commodity markets. Cotton and corn closed slightly higher on _reports of unfavorable weather. Establishment of a new high by French francs and a new low by Spanish pesetas were the contrasting features of the foreign exchange mar- ket. Sterling cables held fairly steady at $4.:88%, but nominal recessions took place most of the other continental Wall Street Briefs By the Assoclated Press. Btockholders of the National Dis- #lllers’ Products Co. approved increas- ing the common stock from 200,000 to 276,000 shares. National Distillers will sequire the American Medicinal Spirits ., in which it already has a large interest. ‘The Baldwin Locomotive Works has received an order for 39 locomotives from the Southern Pacific Railway. The order is valued at about $4,150,000. It has been estimated that the De- cember sales of the Sears, Roebuck Co. will exceed $50,000,000, and, if so, will set a new high monthly record and bring sales for the full year to around $440,000,000, compared with $347,000,- 000 in 1928. William M. Spencer, who formerly was engaged in the bond business in Erie, Pa, has been admitted to the Stock Exchange firm of Jackson Bros., Boesel & Co. He will be located in the company’s Chicago office. Demand from automobile companies for semi-finished steel is so great that the Otis Steel Co. of Cleveland will operate its open-hearth furnaces today. E. J. Kulas, president, said that one rush order from a large motor car manufacturer calls for enough auto body sheets for 135,000 fenders. RIDING HABITS WORN AT UNIQUE WEDDING Then Newlyweds in South Caro- lina Depart on Horseback for Honeymoon. By the Associated Press. AIKEN, S. C, December 25—In a wedding ceremony in which the prin- cipals wore riding habits, Miss Josefa Hofmann, daughter of Mrs. Mariz Eustis Hofmann of Aiken and Josef Hofmann, the piarist, became the bride | & of Howard C. Fair of Kingston, On- taria, instructor in horsemanship at a preparatory school here. ‘The riding master and his bride de- parted on horseback after the ceremony, which was performed yesterday on a porch of a tea cottage in the Hitchcock woods. She is known as an excellent) horsewoman and an artist. Mr. Fair is a graduate of the Royal Military Academy of Canada. He for- merly served in the British Army. po L MRS. ROGERS MAY RUN|:: " FOR SENATORSHIP|; G Representative Makes Bid for Sup- in i port in Race From Massachusetts Republican Organization. By the Associated Press. LOWELL, Mass., December Yesterday’s New York Stock and Bond Averages. From 5:30_Edition. ted Press. MONDAY, DECEMBER 23. STOcKS, 50 Indus- 50 Rafl- 20 Util- 3 138 iane 15215 *205.1 1y ‘average) 143.2 1267 we 3 ey 108.8 3831 166 OUTLOOK IN STEEL INDUSTRY IMPROVES Increased Inquiry From Auto Makers Assures Better Pro- duction Schedule. Special Dispatch to The Star. NEW YORK, December 25.—Further increases 1 specifications from the automotive industry, large awards of fabricated steel, additional strength in scrap and drastic reduction of con- sumers stocks are encouraging features of the steel market at the present time, according to the weekly summary of The Iron Age. The publication states that a rush of new business in January is not looked for, as many buyers are awaiting further price tests, but betterment is expected in proportion to the damming up of requirements in recent weeks. The summary says in part: “Mill operations have been sharply curtailed, with many units idle for the entire week. Raw steel output will not be cut down proportionately, but the average, counting suspensions, may not be more than 40 per cent of capacity. The rate for December to be lower than that for any month, save the Summer of 1924, since the de- pression of 1921, “The very severity of the fourth- quarter decline in production is regarded as the best promise of an early recovery. December’s.recession in ingot output from November may approxi- mate November's 19 per cent drop from the October rate. The greatest decline in any single previous month was 34 per cent in December, 1907. “The thoroughness with which both manufacturing consumers and ware- houses have deflated their steel in- ventories definitely calls for an im- provement in tonnage releases next month. This expectation is borne out by developments at Chicago, where the blocking of shipments by one of the worst blizzards in years was immediate- ly reflected in increased specifications from steel users. “It is noted that the automobile industry, which has largely passed its inventory period, is continuing to in- crease its drafts on the mills. First- quarter contracts for alloy steel bars have been placed by she largest buyers in the automotive field, and fair Janu- ary bookings from both motor car builders and parts makers have been entered for sheets, strip steel and carbon steel bars. The Ford Motor Co. has made large purchases of automotive accessories and now is understood to be l‘mil"'l‘g at an output of 125,000 cars next month,” TUG SAVES SIX MEN IMPRISONED BY ICE Lake With Light, Fire and Food Gone. By the Assoclated Press. CHICAGO, December 25.—S8ix men, weak, hungry and shivering, let out feeble cheers Monday as they watched a tug battle through 3 hes of ice to get to them at a water intake crib 5 miles out in the lake. ‘They fell to and strengthened thein- selves with provisions the tug brought—then they related a tale of chilly horror. ‘They told how the 66-mile gale of last week’s blizaard put out their lights and fires, ruined ther food, sucked the air out of their cold quarters, entombed ;h?n in ice and isolated them from elp. “The men became nearly frantic and I was frightened some myself,” said Keeper John G. Beuckman. “We were trapped like rats; one man smashed a window, but it did no good. Water splashed in and ice quickly stopped the brea ‘The place became almost a vacuum and it was difficult to breathe. “No fire could be kept. Not even a cigarette would burn. Water clogged m cnhlanney and cinders and ashes wered over our provisions.” When the gale abated, Beuckman chopped his way up an 87-foot ice- laden ladder to relight the beacon, TURKEY PRICES DOWN. SAN FRANCISCO, December 25 (#). —A plentiful supply of turkeys through- out the West this season has brought prices 8 cents a pound lower than last Christmas, peultry dealers sald yester- ay. Gobblers ranged in price from 35 cents to 45 cents a pound, compared to 42 cents to 50 cents last year. NEW YORK BANK STOCKS. NEW YORK, December 25 (Special) — America Amer Uni Bk of U S ui Bank of Yorktown. Natl 25— | B Priends of Representative Edith Nourse | S rs revealed Monday night that she be & candidate for United States |3 Senator next Fall if she can be assured of support by the Massachusetts Repub- Mean organization, It was said it §s Mrs. Rogers' ambi- tion to the first woman elected United States Senator from New Eng- land. She is now making an_inquiry con- cerning the situation in Massachusetts Republican circles, it was said, and no formal announcement may be expected woman member of Congress is in the race for a Senate seat next year. Representative Ruth Hanna McCormick of Illinois recently annonnced her intention of opposing |} Senator Deneen for the nomination. Yorkville . TRUST COMPANIES. Banca_Comm Ital IBk N Y & Ti | Bronx .. | Cent Uni Cent Union County ex | Empire .. Farm L'& new. t: At > ‘When the Queen of Spain was csked racently to choose the music for a con- ‘oisseur’s perfect dinner, with perfect music, she replied that she-loved all musie, but she would like quail on the 8 menu. b 148 3 CLUB PLAN GROWS Annual Fund Expected to Reach Billion Dollars in Ten Years. BY JOHN F. SINCLAIR. Speclal Dispatch to The Star. NEW YORK, December 25.—Nine- teen years ago saw e - ning of the Christmas Club movement. It was organized to provide a simple and practical method of anticipating holiday credit needs. At first many banks opposed it as involving too much trouble for its ul- timate worth. But this opposition quick- ly subsided when the movement spread like wildfire into every State in the Union. During 1929 more than nine milion members saved a grand total g: 13:2138,000,000, as against $550,000,000 ‘The release of this huge fund carried in more than 8,000 banks is now reckoned &s one of the big factors in Christmas spending. It is not too much to expect that this fund will reach $1,000,000,000 annually within ten years. Reports from many leading cities in- dicate that the holiday trade for 1929 Yn?s exceed the great record made in ‘This is the time of year when many of the great cities of America are vying with each other for the crown title of “brightest Christmas city.” At the beginning of this rivalry, which started years ago, electric light companies where more rested in showing the possibility of the future lighting in great cities than were the municipalities and the other citizens, but this condition no longer prevails. The people of the different cities, work- ing through the various civic organiza- tions, take a real pride in skillfully lighting the homes and the business centers. ; It is participated in, too, not only by the larger cities, but by towns and small villages, It's fast becoming a na- tional Winter sport. Of, course, in the Northern States, where the snow and the ice form the earth's blanket, this development has been carried the farthest. The people in these cities seem to have accepted this new way of celebrating Christmas more enthusiastically than their neigh- bors of the South. Among the principal contenders for the honor of being the best lighted Christmas city are Denver, Boston, St. Louis, Los Angeles, Chattanooga, Kan- sas City, Washington, D. C.; Atlanta, ‘Dallas and Minneapolis. Chicago has had plenty of building activity in recent years. Office space n America's second largest city is not exactly a premium on the market to- day. Most of the beautiful buildings, erected within the last two years, are only about half filled. This situation is more or less acute in Chicago because of the tremendous development on the near-North Side, in the new Wacker drive district. William F. Callahan, an old sea cap- tain, eho has brought cargoes into most of the important ports of the world, has conceived the idea of locating the consular offices of all the nations in Chicago under one roof, so that manu- facturers, doing a foreign business, would not have to chase all over the city to get the papers necessary to ex- pedite exports sent abroad. In doing a forel business will be able to transact al their business in one build- ing and enjoy the convenience and concentration. Service is the word. Results usually prove very satisfactory to those who do the job just a better. P is country that requires, . Sweden beginning with the year 1930, that own- ers of automobiles, trucks and motor ! cycles must carry an accident policy Survivors Tell of Being Trapped in | sufficient to cover injuries to all other persons and damage to their property. ‘This compulsory accident insurarice policy covers ‘a total of about $16,000. If a person is injured, the maximum total which he can collect from any one—rich or poor—is $5400. Even though one or more persons are killed, the total liability of the driver is lim- ited to 60,000 kronen, or $16,000. How much does this cost the owner of the car? B. D. Dahl, the American trade com- ‘missioner of Stockholm, says one of the largest of the Swedish insurance com- panies has agreed to write this policy far about $29 annually. If the policy is taken for five vears the premium is reduced to around $27.50. Compulsory insurance for all car owners to compensate for accident and death should be written in the laws of every land. Big business is getting behind the peace movement. Never in history have so many influential leaders expressed themselves so frankly in favor of or- ganized peace. When Norman Angell wrote “The Great Illusion” it was look- ed upon in many countries as anti-w: propaganda. In some places it was banned from public sale. But not any longer. ‘Thomas W. Lamont of the J. P. Mor- gan Co. stated recently that no slander is_more abhorrent than that men of affairs are not adverse to war because of fancied or fleeting material profits. Continuing, Mr. Lamont said: “Busi- ness men cherish the hope of perma- nent peace and the stability, prosperity and happiness that it brings. They are ready to support the movement for lesser armament, which will inevitably result in lighter burdens of taxation.” ‘When men of this type make frank statements of this kind it cannot be passed off with a shrug of the shoulder or a condescending smile, The Lamont statement was made at a dinner given in New York to the panese delegation to the London dis- armament conference. It's hard to eliminate the war spirit once it becomes part of the life of the people. The recent example of Czecho- slovakia in barring Remarque's famo book, “All's Quiet on the Western Front,” shows that there's still plenty of fight left in the war champions. One of Czechoslovakia's great papers answers the ban in the following lan- age: ‘u"fi soldier who knows the perils of war, but who goes into battle, convinced his fight is for a just cause, is more valuable than one who is going in with closed eyes, trained only for war with- out realizing its horrors.” Business men have found out that the business of war is no business at all. For nobody wins—everybody loses. And that’s poor business—the busi- ness of bankruptey. (Copyright, 1029, North American Newspaper Alliance.) GANGSTERS K.IDNAP SANTA AND TAKE HIM ‘FOR RIDE’ 0ld Fellow Last Seen Standing Before Bakery at Port- land, Oreg. By the Assocthted Press. PORTLAND, Oreg., December 25.— Santa Claus was ki ped and taken for a ride yesterday. Somewhere, presumably between home and Utah, the old fellow was thought to be speeding away for rea- sons and destination unknown. He was taken from in front of a bakery last night by men who drove up in a car with a Utah license. Santa was_artificial, but life size, A. E. Fendall, his owner, sald. He was put in front of the bakery in keeping with the season's sentiments. Svg il Exhibits at the last Paris automobile show were insured for $4,000,000. the future Chicago manufacturers | DECEMBER 20 Sumhy Monday Tuesday Wednesday Thursday Dolores_Costello n “Second Choce.” ‘Vitaphone variety. Ambassad’r Dolores, Costello n “Second Chofce.” Vitaphone variety. Second Cholce.” Vitdphone variety. Do!ornmoouulin__ Bally O'Nell and n “Broadway Scandals.” Vitaphone variety. Sally O'Neil an 3 i ac) in “Broadway Scandals.” Vitaphone variety. Jack Eagan i Friday Gary Cooper ant JMary Brian in, Vitaphone variety. Saturday Gary Cooper and Mty Brian in “The Virginian.* Vitaphone varlety. Harold Lioyd “Welcome Danger.” Comedy. I Apollo in ““Welcome Danger.” Comedy. Harold Lloyd Ken Maynard in S Ticano.” “Senor. Moran and Mack in “Why Bring ‘Why Bring Moran and Mack - in That_Up?" That_Up’ Eddte Quillan Hoot Gibson n “The Sophomore.” “Long, Long Trail. Vitaphone variet Viahone variety. Nancy Carroll and Oaki Avalon Nancy Carroll and Jack Oakie 1n weetie. Vitaphone variety. “The_ Holl: Revue.” n “Welcome Danger.” Comedy. Harold Hufl_nnolc‘! Lioyd n “Welcome Danger.” Comedy. Alice White in “The Girl Prom Iworth’s. ‘Vitaphone variety. Eddie Quillan “The Sophomore." Vitaphone variety. Moran and Mack n, “Why Bring That Up?" Vitaphone variety. Ave. Grand Moran and Mack in “Why Bring That Up?" Vitaphone variety. Bally O'Neil and ack Eagan in “Broadway Scandals.” Vitaphope variety. Harold Lioyd “Welcome Danger.” Comedy. Harold Lioyd “Welcome Danger.” Comedy. Cameo O Moran and Mack in “Why Bring That Moran and Mack in “Why Bring That Up?” “The Green Murder o ‘William _Powell William_Powell “The Green Murder Case.” Roland Young and R g S ouns ¢ chard Barthelmess in “Young Nowheres.” Vitaphone _varieties. Rin-Tin-T} Davey Lee™d n “Prozen River." in “Wise Girls." ‘Walter Houston in “The Lady Lies.” Janet Gaynor and Charles Farrell n “Lucky_Star.” Carolina Janet Gay, d . nor_am: in “Lucky_Star.” Janet Gaynor and hanes Farrell n “Lucky Star.” arles Farrell George O'Brien in “Salute.” George O'Bri B Rod La Rocaue in “The Delightful ogue. Vitaphone varlety. Central Rod La_Rocque in “The Bu Vitaphone variety. William Powell in “The Greene Murder Case.” Comedy. Delightful “Broadway Scandals.” Bally O'Nell and Sall: Jack Eagan in 2 O'Neil and Jack Eagan in “Broadway Scandals.” Vitgphone variety. Vitaphone_variety. Evel; Brent and ‘Tim Mo 1 “Trie "Desere. Rider.” Lokt gt Douslas Falrbanks, IF, “The Forward Pass.” Comedy. “Past_Company.” Richard Dix n “The Love Doctor.” Vitaphone variety. Marion Davies and Lawrence Gray in “‘Marianne.” Vitaphone_variety. Colony Marion Davies_and Lawrence Gray in ‘Marlanng Vitaphone_variety. Sally O'Nell and Jack Eagan in “Broadway Scandals."” Vitaphone varlety. Nancy Carroll Oakil Nancy Carroll and Jack Oakie in “Sweetie." Comedy. and in Pauline Frederick and Conway Tearle in ‘Evidence.” Vitaphone variety. Douslas Psllrban_u. [ in “The Forward Pass.” Vitaphone variet; Willlam Powell and Florence Eldridge in “The Greene Murder ase.”__Comedy. Dumbarton Wil Florence “The Greene Case.” Powell and Eldridge in Murder Comedy. William Colller, ir., ang Jacaueline Logan in “The Bachelo~ Girl.” The Marx Brothers The Marx Brothers “The_Cocoanuts.” Comed: in “The_Cocoanuts.” Comedy. Ricardo Cortez and in X Patsy Ruth Miller and Ford Sterling in “The Pall of E Comedy. Warner_oland Family i “The_ Mysterious Dr. “Fu Manchu." Shirley Mason “I'm Against the World.” Eyelyn Brent in “Womantrap.” Douglas Fatrbank PThe Mark of Zorro. s In “Chaging Throush urope.” TN Monte Blue “No Defense.” Tom Tyler “Beneath" Western Skcles. Janet Gaynor in “Four Devils.”” Hippodr'me Janet Gaynor in “Four Devils.” Warner Baxter “Through Different ves.” n “The Mysterious, Dr. Fu_Manchu.” Warner_oland Warner_oland “The Mysterious Dr. Fu_Manchu.” Dorothy Sebastian in “Unholy Night.” Lila Damita in “Cock-eyed World.” Nancy Carroll and Jack Oakie in “Sweetie."” Vitaphone variety. Nancy Carroll and Jack in Oakie “Sweetie. Vitaphone variety. ‘Gary Cooper and Mary Brian in Doudlas Falrbanks, ir., n “The Forward Pass. Vitaphone variety. Victor McLaglen in ““Cock-eyed World."” Victor McLaglen in “'Cock-eyed Jack Oakie in «Fast Company.” Victor McLaglen in orld.” “Cock-eved World.” Bo “Two Arablan William Dorothy Mackatll, in d in ights.” “Dark Streets. Robert Montgomery in Robert Montgomery 1 8o *This 1s' Coil Tnis 1s' Collee.” ege” TS Warner Oland "nu’“umin Dr. Bob Steel 1n b “Cowboy and Outlaw.” “The Saurdsy Night MeCoy 1n e Advenvurer. Richmond - Alexandria. Vs. Jack Mulhall in “Dark Streets.” Jack Mulhall in “Dark Streets.” “So This Is College.” “So This Is College.” Pauline Frederick and _Pauline Frederick and Conway Tearle in Conway Tearle in “Evidence.” Vitaphone_varlety. Savoy Vitaphone_variety, Warner Baxter and Helen Foster in “Linda.” “Evid 5 Comedy. tence.” Greta Garbo in “The Single Standard.” Comed: Rod La Rocque i “The Delightful Rogue. Vitaphone variety. Janet Gaynor in Janet Gaynor in “Four “Four Devils.” Devils.” 15 First Mortgage Loans Lowest Rates of Interest and Commissior L S s 0 Interest on Savings . Compounded Semi-Annually U. S. TREASURY SUPERVISION | COLUMBIA PERMANENT | BUILDING ASSOCIATION | 733 12th St. NW. Contact with the Center of Financial New York Our direct communication far cilities by wire with our main Ken Maynard “Senor Americano.” Comed: Ann Harding n “Her Private Affair.” Vitaphone variety. Moran and Mack n, “Why Bring That Up?” Vitaphone varieties. Tivoli Moran and Mack in “Why Bring That Up?" Vitaphone varieties. Moran and Mack in “Why Bring That Up?" Vitaphone varieties. Bebe Daniels and John,_Boles n “Rio Rita.” Bebe Daniels and John Boles n “Rio_Rita."” ‘Bebe Daniels and John, Boles Bebe Daniels and = John Bol “Rio_Rita.” n “Rio_Rita.” George_Arliss n ‘Disraeli.” Vitaphone variety. York “Disraell. ‘Vitaphone variety. Marion Davies and Lawrence Gr: “Marianne.” Cartoon. Georee Arliss Attractions in Washington Theaters NATIONAL—“Trevelyn's Ghost.” ‘With three productions playing to enormous business in New York, A. L. Erlanger and George C. Tyler have turned their attention to a new pro- duction which will be seen here next week at the National Theater. A farce comedy by Dwight Taylor, son of the noted actress, Laurette Taylor, it is called “Trevelyn's Ghost,” and as may be imagined is an English comedy. Mr. Taylor was educated both in England and America, and, because haunted castles are more familiar in England than in this country, laid his story there. The story concerns the de- sire of a young Englishwoman to sell the family home and the antipathy of her flancee to her so doing. She is forced to resort to a trick in order to gain her wish, and this forms the nucleus of a wholly amusing and de- lightfully entertaining comedy. Messrs. Erlanger and Tyler have as- sembled a brilliant cast of farceurs, headed by Prederick Kerr, who is also assisting Mr. Taylor in directing the play; Phyllis Povah, Percy Ames, Patricia Barclay, Rea Martin, Harold de Becker, A. J. Herbert, Charles Brown and Percival Vivian. The comedy will be mounted in the manner that marks Erlanger-Tyler productions. POLI'S—Grand Opera. German Grand Opera week at Poli's Theater opens a week from next Mon- day when four operas will be presented by *T. ‘Arthur Smith, at whose concert bureau in the Kitt Music Store tickets are now on sale. The operas, with noted casts including Mme. Johanna Gadski, Juliette Lippe and other famous singers, and with an orchestra of 54, include “Die Walkure” on January 6; “Tristan und_Isolde” on January 8 “Don Juan” of Mozart on January 10 and “The Flying Dutchman” (the only matinee) on Tuesday, January 14. The Isadora Duncan Dancers from Moscow will appear at Poli's the end of the same week. The sparkling and sensational youths from Moscow give two different prcgrams on three appearances, Thursday evening, January 9, and Sat- urday matinee and evening, January 11, Another feature, in preparation for the operas, is the series of four opera lectures thap Kurt Hetzel will give, through arrangement with S. Hurok of the German Opera and T. Arthur Smith. The opera lectures open next Monday evening, December 30, at Barker Hall of the Y. W. C. A, where invitation tickets may be obtained, or from the T. Arthur Smith Concert Bu- reau in the Kitt Music Store, 1330 G street northwest. There is no charge for these tickets. GAYETY- peed Girls.” Four young women of diversified types, anl yet blending charming per-~ sonalities into a musical burlesque per- formance, is said to describe the quar- tet of feminine leads with Fred “Falls” Binder’s popular “Speed Girls,” the Mu- tual attraction at the Gayety Theater next week. They are Lvelyn Whitney, featured, a brunette beauty who sings Jazzy songs; Vern Moore, a blonde, who is the featured ingenue; Margie ‘Thomas, a raven-tressed soubrette of the latest sport model, and Joan Tunya, a Spanish beauty, new to burlesque, who plays in many of the comedy scenes and coniributes one of the interesting dancing_specialties. Fred Binder is the comedian in com- mand, a droll chap whose Hebrew buf- foonery is always humorous. The com- pany includes Earl F. Meyer, straight man, and Irving Jacobs, dancing juve- nile, with Harry Seyon and Sunshine Pritchard as comedy runner-up. Manager Lake announces a special midnight performance next Tuesday to ‘ring out the old year and ring in the new.” Special features will be added to the show. “THE OTHER WISE MAN"— ‘Tomorrow. Dr. Henry Van Dyke's “Story of the Other Wise Man” will be presented in five dramatic episodes at Luther Place Memorial Church, Thomas Circle north- west, tomorrow, Friday and Saturday nights of this week at 8:30 o'clock by groups of church players throughout the city, under the direction of Bess Davis Schreiner and Denis E. Connell, who also will appear as Arfaban, “the oiher wise man.” Accompanying the scenes of the story there will be a running narrative, transcribed from the famous legend itself and spoken by Katherine Riges, | known as the Minstrel, to “the other wise man.” Miss Riggs will also play the musical accompaniment of the drama on the harp, and interlude music will be sung by Charlotte Harriman, who also will appear as the Hebrew Mother in Bethlehem. Beginning with the night on which the star appears to Artaban and his companions, which 1is subtitled “The Sign in the Sky,” the story rapldly goes forward toward the land of Palestine, Where, “by the waters of Babylon,” Ar- taban meets with a dying Hebrew exile, Who tells him where to find the Christ Child. Arrived in Bethlehem, too late to meet with his brethren around the manger, Artaban sacrifices, “for the sake of a little child,” the second of the jewels that he has brought for the King and starts off alone on his quest. Years and years pass in fruitless search Ting among the tribes in many bearing the last of his jewels that he has kept for the King. But a Parthian slave girl is about to be cast into prison and he gives her the last of his treas- ure to secure her release. It is his “pearl of great price.” Artaban receives his death blow in the great earthquake that follows the crucifixion, but he re- ceives his long-sought vision of the face of his King before he dies, ‘The people of Washington are invited to attend the presentations of “The Other Wise Man.” CHRISTMAS MATINEES, Stanley-Crandall Theaters in Wash- ington, with the exception of those open only for night programs, will be- gin their matinees Christmas day at 3 pm,, the doors opening at 2 o’clock. General Manager John J. Payette or- dered this arrangement in order to give the theater employes on opportunity to have their Christmas dinner at home. The 3 o'clock hour also, it is thought, will be just right for those who, after partaking of the Christmas dinner, feel the need of a good show as the best form of relaxation. BRAILOWSKY—January 7. It 1s good to know ‘that when the great old names are gone from the his- tory of music there are others, equally great, to take their places. Alexander Brailowsky stands in the front ranks of young genius, according to the criticism in the San Francisco Bulletin following the Ruyssian pianist’s debut in that California 'city. Mr, Brailowsky will play in Washington for the first time, with the New York Philharmonic Symphony, Tuesday, Jan- uary 7, in recital at Constitution Hall. METROPOLITAN. 'he Show of Shows.” “The Show of Shows,” announced by ‘Warner Brothers, its makers, as “the most magnificent revue ever put upon the speaking screen,” will make its in- itial bow to Washington at a special midnight preview at the Metropolitan Theater Christmas night, starting at 11:30 p.m. “The Show of Shows,” with its 77 singing, dancing and comedy stars and with a great dancing chorus of more than 300 beautiful girls, will come to Washington in all the grandeur with which it is now breaking records in New York. ‘The featured players include John Barrymore, Winnie Lightner, Nick Lu- cas, Georges Carpentier, Alice White, Richard Barthelmess, Irene Bordoni, Frank Fay, Betty Compson, Dolores Costello, Beatrice Lillie and Ted Lewis, to name only a few. “The Show of Shows” will begin its regular engagement at the Metropolitan next Saturday. The Christmas midnight pre-view, it is announced, is being given in response to a great popular demand for an advance peek at the super-revue, which is protographed completely in ‘Technicolor. R-K-O KEITH'S—“The Vagabond Lover.” Keith's will celebrate Christmas week with the first singing and talking ro- mance of Rudy Vallee, “The, Vagabond Lover,” which already has been widely heralded. Fred Clark and his R-K-Oli- ans will offer a Christmas number and the program will be completed with two screen comedies, “Rubeville Cabaret” and_“General Ginsberg,” followed by the Radio Sound News, The first showing“of the Vallee pic- ture, of course, will be this afternoon. RIALTO—"The Shannons of Broadway.” “The Shannons of Broadway,” star- ring James Gleason and Lucile Gleason, Universal's comedy of dialogue and song, heart throbs and laughter, will be the Rialto attraction, starting today. Sup- plemental attractions will include “Sunny Jim’s Christmas Party,” a sta- tion star broadcasting film stars at home and at play; “In Dutch,” a classic song comedy in colors, and the Rialto Or- chestra. FOX—"Hot for Paris.” | i n, “Why Bring That Up?” @ Vitaphone variety. Moran and Mack Moran and Mack n, “Why Bring That Up?"* Vitaphone variety. boiled gob aboard a destroyer, who is ordered, much to his disgust, to attend & Y. M. C. A. social, where he meets a pretty girl who takes him to her home. Her mother arrives and at once lets it be known that she hates all sailor men, having married one. The girl decides to leave the house and go with Haines, who puts her up at a boarding house, intending to return and marry her, but when he does come back she is gone, and he returns to the fleet, which is leaving on a cruise. The next time he returns he finds the girl working in a cheap cabaret, and with the aid of Sven Swanson he rescues her, receives her parents’ blessings and marries her. On the shf‘ Allan Rogers will be presented in his “farewell week,” in the Loew production “Miami Nights,” a re- freshing reminder of a trip to the sun- kissed shores of Florida, in which also are presented Burns and Kissen, com- edy singers; Llore Hoffman, a concert vocalist; Horton Spurt, an exponent of slow motion; the Andre De Val Four- some, an_ adagio team; the Chester Hale Girls and the Palace Synco- pators. The Hearst Metrotone News and the Palace Orchestra, with short subjects and organ selections, will com~ plete the program. EARLE—"“Second Choice.” A drama of modern love is presented in “Second Choice,” latest picture of the beautiful Dolores Costello, which is to be the new attraction at the Earle Theater. Supported by Jack Mulhall and Ches- ter Morris, at the head of a thoroughly competent and well balanced cast, Miss. Costello in “Second Choice” displays her lovely voice to advantage in the theme song, “Life Can Be So Lon e,” a haunting melody with a delightful lyric. Miss Costello appears as Vailery Grove, a captivating characterization of the modern girl—outwardly different but in reality the same as the girls of all times. Vallery’s ambitious mother objects to her daughter’s impecuniou$ sweetheart. Vallery defends him, how- ever, until he himself jilts her for a girl with money. Piqued and stunned, Val- lery accepts the attentions of Owen Mallory, also the victim of a faithless sweetheart. Owen impetuously proposes marriage, and Vallery as impetuously accepts him. They wed, still thinking of their respective lost loves. Vallery's former sweetheart, however, forsakes the wealthy girl and attempts to win back Vallery’s affections. Owen comes on the scene as Vallery is strug- gling against the pleadings of her erst- while lover. This situation leads to a powerful climax. ‘The Earle bill also will include Vita- phone Varieties, The Evening Star- Universal and Pathe newsreels and music by the Earle Orchestra. COLUMBIA—“Condemned.” Starting - Saturday Ronald Colman will be seen at Loew's Columbia in his latest United Artists talking production, “Condemned.” Ann Harding and Louis Wolheim appear in the supporting cast. The story centers around Deovils Island, a grim, menacing jungle land girded by a shark-infested sea. To this prison is sent Michael, a debonair and fearless youth who has stolen once too often. Here he becomes the pal of demon-faced Jacques, also a prisoner. Mme. Vidal, the wife of the warden, is a_ sensative creature and very much afraid of her sordid surroundings. The warden, obsessed with a_mania of his own importance, installs Michael in his own home as house boy. In time the young wife of the warden and Michael find themselves attracted each to the other, but do not dare express their feelings. The warden, hearing gossip, places Michael in solitary confinement and brings Jacques to act as house boy. From this on the story runs to its climax. ‘The Hearst Metrotone News, the Co- lumbia Orchestra, Metro Movietone acts and house features will complete the program, which marks the beginning of Loew's festival month at the Columbia. Money to Loan Seeured by first deed Prevailing_inte; ‘The Fox Theater management an- nounces a comedy, “Hot for Paris,” for that theater, beginning Saturday. It is the Victor McLaglen successor to “The Cock-eyed World” and has behind it the same group. Raoul Walsh, story and direction: Bill K. Wells, dia- logue, and William Fox, producer. In- cidentally, McLaglen sings for the first time on the screen new songs, written by Walter Donaldson and Edgar Les- lie. Interest centers in the new “side kick” replacing Edmund Lowe; it is EI Brendel, a comedian with a long stage is Fifl Dorsay, re- cently seen with Will Rogers in “They Had to See Paris.” ‘The story concerns a sailor who wins the lottery prize and doesn't collect it, as he thinks the donors are actually officers of the law out to arrest him. Meanwhile he has one glorious time “chasing the dames,” and particularly Fifi Dorsay. Horace Heidt and his Californians will constitute the Fanchon and Marco idea for the New Year week program. ‘The Fox Orchestra will have a special overture and the Fox Movietone News ! will round out the program. PALACE—"“Navy Blues.” Loew's January festival, in which every day is a holiday, starts with the arrival Saturday at Loew's Palace with wane ng Eastern countries. ‘Then Artaban, the ‘other man,” finds himself one day in Jerusalem, at the time of the Pass- over, along with hundreds of travelers Wwho have come to the great feast. It is the hour of the cruclfixion, and he makes his way toward the Damascus gate, on the way that leads to Calvary, ‘Willlam Haines in the Metro-Goldwn- Mayer talking production, “Navy Blues.” In support are Anita Page, Karl Dane and J. C.-Nugent. Haines plays the part of Kelly, whose idea of the service is “join the Navy and seize the " He is a hard- Joseph 1. Weller 420 Real Estate Investments JAMES Y., PENNEBAKER Nat5201 1520K St.N.W. Loans for.3, S and 10 year periods on houses, apartments and busi- ness property in Washington, nearby Maryland and Virginia Randall H. Hagner & Company, Inc. 1321 Conn. Ave. N.W. Decatur 3600 Mortgage Loow Correspondent New }':rfi Life Insurance Co. screen Glenn Tryon and Merna Kennedy in “8kinner Steps * Vitaphone variety. What Fixes Bond Prices BY GEORGE T. HUGHES, Maturity Date. ©One influence that is always at work in making the market price of a bond is maturity date. Unless principal is to | be defaulted a bond must be paid when due at par. There are a few bonds which are payable at maturity at pre- 31:;:1:1 nbcvedpar, dbuc tchne are rare ptions and need nof i be considered It follows then that as the date of | maturity approaches the price of the bond must come nearer to par. If it has been selling at a premium the price Wwill decline as the due date arrives, and if it has been selling at & discount the | price will advance. Of two bonds with equal investment rating the one with the shortest ma- turity will sell closest to par. We can illustrate by . taking two ade railroad bonds, Chicago, Burlington & Quincy, Illinois division, 314s, and Chi- cago & Northwestern general 3%s. The | Burlington issue sold this year at 84 at the same time that the Northwestern issue was quoted at 76, but the former | matures in 1949, while the latter does | not mature until 1987. The difference | in price is due to the difference of 38 7315 the Saine with the cbligation Wi of the United States Government, wlzlch are, as every one knows, pure invest- ments. There is a Treasury issue bear- ing a 4%, per cent coupon, redeemable in 1947, which sells 10 points above the fourth Liberty 41s, which the Govern- | ment has the option of retiring in 1933, One is just as sound an investment as the other, both carry the same coupon ;r&l"t:x; Dceju::rflce in pr&:e is due to the ears wlaogflg i, w maturity and g} ere we must mak - vation. At different flme!el-:neflll;flh- vestment cycle long-term bonds are given the preference over those of short term and vice versa, but it is still true | that maturity date always affects price, | (Mr. Hughes' next article will appear | office in the center of financial New York provide a ready means for the rapid transaction of New York banking business. 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