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The Washington herald. [volume] (Washington, D.C.) 1906-1939, January 01, 1919, Image 7

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83045433/1919-01-01/ed-1/seq-7/

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Financial Newj-Stock Market Prices
?Possibility of Operating 24
Hours Daily Appeals to
English Manufacturers.
When in the first year of the war
the British government took over one
?r the large manufacturing plants In
Great Britain so that it could be
utilised for war purposes, the owners
or the plant, who were manufacturers
of a peculiar kind of cap or turban,
were deeply concerned, fearing lest
tils loss of their plant during war
might permanently and serious
jF affect their business. The concern
nad been in operation for a little
more than one year. Its name and
trade mark are favorably and widely
known in many of the markets of the
^Ihe owners asked one of another:
JJJj1 ??* we going to do about
. And it was at last suggested
Chat they send to the I'nlted States
ft representative, with instructions to
??cure, if possible, a large plant
equipped with adequate machinery.
If this could be done then the Eng
lish company would transfer its man
ufacturing operations to the United
*o?a?rht Harbor Property.
A little more than a year after
t?e war b??can the representative of
the English manufacturing company
??sited the I'nited States. Among
others whom he called upon was a
man who was familiar with factory
Property,, especially in New Eng
land. and who also ha* been Inti
mately associated with the steel in
dustry of the I'nited States. This
man undertook to And a factory
property suitable to the needs or
the English company, situated neur
aome one of our harbors.
Many manufacturers were ap
Pr< ached with somewhat tempting
offeri for their plants, but -for a
time all refused to consider very
rarorable offers for the use of their
Plants. The reason that was jriven
*** that the companies were al
ready engaged in profitable war
work for the government.
At last a large plant which had
been fnit.-id for many years in
the textile industry and which was
located near deep water in Con
necticut was found to be admirably
adapted for the purposes of the
English company and. fortunately,
the owners of this property w^re
ready to listen to propositions.
<-ood Hittkni n Made.
Little negotiation was needed In
order to perfect a barjain. The Eng
lish manufacturers having examined
the machinery and found that, witn
trifling changes, it was well adapted
for the manufacture of the product
that had been long made in England,
within a short time established their
own manufacturing works, in this
plant. They were men of enterprise,
of broad understanding of marketing
conditions, and for that reason they
determined to adopt a different method
of manufacture, at least so far as
labor was concerned, from the, one
which m characteristic of many
American industries. They proposed
to operate their establishment for a
full day of twenty-four hours, or
ganizlng three shifts of labor.
Paid on American Scale.
Thia experiment proved satisfactory.
The machinery was in operation day
and night. The working men received
the American scale of wages. Speed
ily a large amount of the commodity
was produced and shipped to Calcutta,
where it found a ready marker. After
sufficient time had elapsed the man
agers were able to make accurate
commutation of the relation of the cost
?LT?Ufa''Ur"- 'nc'udins hUh wages.
we^ i gT?" a,Ml ne! amount
rece %ed from the sale of the com
moaitles. They found that their net
rr-r- * c<,m ur*er
they had ever obtained when operat
Thf. I Plant In England,
i in nT1,0 "re was continued and
Xe Thl ?" 'J*** The Kr?"
?m English company betran
manufacturing in Connecticut already
:~t'a a!>OU,t 2olta?
"r,a one Of the articles
Produced in the United Stares hv this
r,rr,;eh"/-" som "aIS'
abroad. ?UtPUt h;i" "?? marketed
Eamlsh Teach a I??,.
?^nOPTra,i"R ,h<! PhTit Without CCS
dlv the Wenty-fo'lr hours every
fV the company was enabled to
f-hlr * grvat reduct'on on overhead
I*?rge?. that la to say. the machinery
wt? fW^0yPd eVery hour the clav
w*a therefore constantly earning (Z
?nyCwm.aP*:hy,e ?" Engl""d
*rv Z r^ to ?perate ?? machin
plant wa^ly,^ ?fp!,rIhdaV
ly'ol^the Unl"n" restricted the ?(?ntN
ly of l"e Production.
"r,h^ Wa" "o restriction. There
ea^ed "ZTc^nt ? ^ """"--less
I aught .""""'"'"ring has
industrial leaders whereasAmerican
other hand, the Vn?Ti.I! on the
era ,re so well aat1,fl?'wiTh "'hL?0'"''"
Perlence |n the past lr eT_
formerly occupied by
Quot.u.? furnished by W. B Hibl? * Co.
AIm Gold Min 3% 3% 3%
Al?? Ju. Old 11 in IS 1% IS
Allto ("harmrs 32% 32% 32%
Am Ajr. < h?m 701 101 Id
Am Beet Hug 62 ?% 4;
Am. Caa Co 4T% 46% 47%
Am. Cm Co. pld ,.... 98% 95% *%
Am. Car A K 92% ?1S KS
Arnrr. Cot. 041 38 38 38
Amer RureM g3% 11S ?%
Am. Hide 4 L. J3% 13% US
/Am. H A L. pfd 73 70% 73
Ice 39% 39 38%
Am. Unaaed 46% ? *??*
Am Lo??io <1 eos
Amer Mch 3% 3% 3%
Am. Sm?lt. 4c B T6% 75% T?%
' A. 8. 4 Kef. pld 104 101 104
Am. So. Fef. Oo 111% iw% 111%
Am. Tel. 4b Tel 101 *% 101
Am. ToUcco 19? 194 194
j A. Tob. {p new i 100 100 10)
Am. WoeJeo ;0% ?% 50%
! Am. W Pap pfd *% 27% 27%
Am. Ld. & Z li% 11 11
Am. b. * Z. pfd 40% 40% 40%
; Anconda Min 60 56% 59%
i A. T 4 S. F 93% 92 9t\
A. T. * ft. r. pld W% 96 ?%
A. ?. A ?W. S. 8 100 107% 107%
Baldwin Lorn 74%. 73% 74%
Balto. A Ohio 60 48% 50
B. A O. pfd 55 54% 53
Beth. Steel B 61% 60% 61%
Brook. Rap. Tr 27 3% -6%
Butte Crap 17% W% 17
B. P. Goodrich 55 54% S4%
Cal. Pet. pfd 63% ?3% <3%
Canadian Pac. 160'a 160 160
Cent. Leather 60% 58% toO
Che*. A Ohio 56% 53% &i%
Chi. A G. WeaL 8 7% 8
C. A tlr. W. pfd. 2J% 23% 23%
Chi. Mil. A 8t. P 38 38 39
jC. M. A St. P. pfd 7?% 71% T:%
C. H. I. A P. B% 24% 25%
C B. I. A P. pfd 66% 66% 99%
Chi. A N. W 96 94% ?
Chile C?fV Co. 19 17% 18
Chino. Cop. Co 34 32% 33%
CoL Y A I. Co r% 36% 37%
Col. it. A E. Co 43 42% 43%
Consul. Oas 95 96% 95%
Cuo. Can Co. 6D 68 6?
Corn Products 48% 47% 48%
Corn Prod, pfd 103% 103% 10S%
I Crucible Steel 58 86% 36
I Croc. St I. Co. pfd 90 89% 90
Del. A Hodwm 10C% N>1% 102%
Dis. Securities 5' 51% 62
1 Dome* Mim* 11% 11% 11%
Er * 17 16% IT
I Erie 1* pfd 27% 28 27%
? Urne. C. Cop 45% 44% 46%
I General Elec !!9 118% 148%
Gen. Mo. (new) 130 12?% 130
Get Mot pfd 81% 80% 81%
Gr. Mr. By pfd 94% 91 91%
Ore. Nor. Ore 32% 31% 32%
Hark A Bark 45 45 45
Illinois Cen; 9i% 9S% 98%
Inspiration 46% 45% 46%
Inter. Mariue 26% J? 26%
Inter. Mar. pfd ll.% 112 112%
Inter. Nickel . 33% 32% 32%
! Inter. Pap. Co 36% 30% 30%
j Kansas City S 18 18 18
I a large textile manufacturing com*
! pany which is situated in a suburb or
j the city of Norwich, Conn.
Industrial leaders have spoken witn
I such interest of this successful es
{ tablishment in the United States for
the manufacture of a commodity
which has a world-wide market, be
cause it is presumed that it may lead
speedily to the coming to the United
States of other English manufacturers
for the purpose of establishing plants
here. For it in now learned that
.American machinery can be readily
adapted to English manufacturing
j purposes, and can be operated for
twenty-four hours every day. there
! being no limit on. production or any
i limit of time each day in which labor
j is employed.
The economy makes it possible to
j pay high wa?es and yet alao to seoura
| at low cost of the manufacturing
IrMngHKijilli . ? - * 4
i EGGS?Strictly fresh, select, 73; average re
{ ceipts, 65; cold storage, 57.
I CHUESB-New York State factory, new. 40
{ BCTTEB?Elgin, i.int. 73; Elgin, tub. 71
? LIVE POULTRY -Boosters, i*>r lb.. 2?a2T:
j turkeys. i>er lb. 42: chickens, spring. i?er lb.
?40; hens, per lb, 25a27; keats. young. 1% iba
I and np. 60.
( PRESSED POULTRY-Pr-sh killed grrin*
'chickens. -45: turkeys, per lb. 5oa58; roosters.
J per lb. 25a30; hens, per lb. 40a45.
: (illEES' FRUIT-Apple* per hbl., 2.50aB.<?;
1 box. 75ca2.00: oasket. fancv, 3.00a4.0t; Calt*
I torria lemons. 4.00a6.00; California orsngra,
j 5.00*6.50; Florida oranges. 5.00a5.50: cranberries.
I 12 00*15 00 rier bbl. ; 3.00a4.00 per box; grapefroit.
j per box. 3.GO*4 ?j0.
j VBGETABLEft?Potatoes. No. 1, 275a3.75;
beans, per basket, l.SOal.OO; peppers, crste.
3.50*5.00; okra, crate, 3.50*5.00; radishes, bunch.
j2*3; cucumbers. baa. *.0>*5.00; eggplants. 2.50a
?4.00 crate: cabbage, old. 190 lbs., 1.75a2.00; beet?.
J l*r bunch. 4a6: lettuce. 2.50a4.00 per basket;
.tomatoes. Florida. 3 00ar>.P0; oeas. 2.00a 3 00 per
! basket; sweet potatoes, 4.00a?.00 per bbl; celery,
j 100a 1.50 jier bunch; do. 5.00a7.50 per" crate;
squash, per bbl. 1 25a!.50; Epinach, 2.30a3 09
' per bbl.: kale, 1.00*1.58 per bbL
- DRESSED I'oRK?Light. 18al?: medium. It;
heavy. 17al8.
LIVE STOCK-Sheep.' per lb. 7a8; iambs.
17; calve*. 20a21; medium. 17j 13.
SEEDS? Clover. 2G.00a36 50 per bushel; tim
othy. 6.C0a6.50 i-er bushel; red top grass, l?.S0a
17.50 per pound; blue grass. 3.50 per bushel;
orchard grans, ? 50*3.75 |>er bushel
HAY AND (5RAIN-No. 1 timothy. S a Ion;
No 2'timothy, 31.00a32.0b ? ton; mixed hay.
30.00s32 00 a ton; mixed oat?. ^laS2 per bu. ;
white oats. 82a83c- i?r bu.
| Chicago, De?". 31.?When the closing bell was
I rung out on the board of trade today there
. were f.-w grain men who wens not pleased to
? know that one of the worst years for their
I business had come and gone.
It is generally hoped the various grain pits
will soon be allowed to resume their normal
, conditions. Corn futures are now being traded
in as wa.< the case before the great conflict
abroad included the United States, and it i*
believed that the wheat pit will b? thrown
rpen soon and old time business resumed
Along viwi the passing of the year of 1918
the December corn future also passed away,
j Many speculators have k*t heavily in Decem
| ber corn and these were mainly on the bear or
j short side of the market. There has been a
I great deal cf money made in the future and
I this is now in coffers of those who played the
j bull side of the market almost frona the time
I that trading was e?*nmenced in the December
I future.
It has been impossible to bring in the com
for delivery on EXecember contracts and the
:<2% il 31
21 WK 20*
66 66%
K- ? 0 HUlh. Low. Close*
K. Bpgfld. T. Co. 69^ ?H
Ken. Oo. ?
| Leo Bob. Co.
jLack. Steel _ w
Uhi?h VtltaT ; ws BX
Liggett A Myers 220 2D
Loose-Will* 45 45
Louia ft Naab 11?4 im 115*
Mai Motor. n 1rt\
M?i. M. lat pfd ?s 50s ?*
Mm. m a Kd 19** it* is*
M?. Petrel 171 IB* 17?*
Miami Cop. ,'i # 22% 2.% 22%
MWf.l* St?.| ,j\, 41* 41*
Mo. Padflc IS Ji* SS
N?t Kn. ft stm. ?(. 47 47*4
National Lead $5 f?t 55
Nor. ft Waat im 106* 1M
North ?3H 93 90*
S Y Air Brake. 9? 98* ?
N y C. ft H. II. ,... Tt* 734t 74*
X. r N. H. ft H 31* 31W 31*
| N V. On ft W
s> ? u>
Ontario Silver 7?i 7% 7^4
P?"? R- R I 44'. 43* 44*
Peo. Oi> (Chi.) 49 47* 49
Philadel Co. a* a* 24*
Plfu. Coal ?* ? <c*
Pitta ft W V*. 38* 314 38*
Pullman Co. 11^4 US* 115*
R' SWel *Vf 75* 75 75%
Reading Co K* Bo* 82!*
Rrp. 1. ft 8tf?l 74* 74 'J4%
lUy Copptr 3)% 19* JD*
Royal Dutch 77 7.14 TT
Seaboard A. U 9^4
8. A. L. i<<l ?.... 1714 17 17
8h. Art Cop. Ox 13* 12* 12*
Sinclair Oil j|u 53
a* 1 a. u? ??
i St. U ft Han F.
St L. ft 9. P. ,bl
Sooth Pacific ^
I Southern Kjr .............. to1-. 29^i
*** ?r, 697? ?%
m 12% 12%
71% t?% :?s
I *tudeb*ker
51% 50 SI
Third Ate. Ry 1J4 ^ m
Tenn Copper 13^
Te*. k Pac.
Texas Oo " i??i4
TVjn Citjr R. T .
I nion iscific
Colon FV. p(d.
C. 8. C. 1 IMpe
19% 13%
18% 27% 3%
1T6% 184V
1*% 12m
? 72
43% 43% 43%
r ? '* >1<*uo1 >02% 101% 102%
J. ?? iJ5v8torw ?? 107% 1C7%
U. 8. Fruh Co.
166% .66 166%
IT. 8. 8. & Kef 44% 44 44%
IT 8 Kubber ? 7? M
r. h Rub i?cd ior? 108% W*
V. 8. Stafl *% 93% K%
U. 8 8ieel |/d 113% 11S% 113%
Utah Coi-per 74T4 7i% 74%
Vlr Them. Co 51% 31% 61%
\Yella-Farso Ex C5 66 66
W?h^.?h 6% 7T4 ?%
\Vah?5b <ai 31% 31 51%
Wat* aIi (bt I?% 1?% ?%
Writt'rn Md 10% 10% 10%
Wett. I'nion ?% ?% 16%
Wf^thonse K. C. 41% 40 40
Willy* Orerland 2R% 21% 36%
r. L F. i%? ? CO 99 50 99 e?
U. L B 2d 4a 93 30 93 ?I0 ? ?
V. L. H. l?t 4%s 96 50 96 50 96 50
t". L. B. 2d 4%s 95 00 94 60 94 92
t\ L. B 3d 4%? 96 00 95 70 95 90
V. L. B. 4th 4%a 96 18 M 50 95 00
j only means o( escape for the bears who put
I out short lines was to return to the pit and
(cover their outstanding contracts at losses.
I'nlpM there is a complete rrrernl of ci*?di
! tions surrounding the corn situation, the short*
| in January will be made to suffer losses.
: The tendency in the osts msrkct todsy was
I for lower prices and the principal volume ct
I trading was in the way of evening up by aborts
and longs. It was popular among the ca>h
houses to buy January and sell May.
Philadelphia, Pa.. Dee. 31. Prices on the
I local produce market todsy ranged as follows:
BUTTER ? Solid packed creamery, extra. 69c;
j higbcr-scoring goods. 70s72c; the latter for
i Jobbing isle*; extra firsts, 67a68c; fir*ts. C2a66c;
seconds. 57a60e; sweet creamery, choice and
| fancy, 71s73; fair to good, 64*7f* ; ladle-packed,
las to quality. 43s 45c: packing stock, 40*42c; spe
I cisl fancy brands of nearby i?int* jobbing at
JTCsTV: fair to good. CsTlr.
j r>?G8? Nearby firsts. 19.00 p*r ca?e: do. cur
i ivnt receipt^. 19.30; do. EecaaifL* Jt-JOs'^M: in
, toior Vk.5 lower. Wc?terr. rfitr* rtWta. 19.?? p^r
! <*>se; do. firsts. 18,&.%19.a); do. seconds, 16.50a
: 18.00; inferior lots Urwer. Refrigerator eggs.
I per csss, ss to quality. 15.00s 16.30; fancy, se
, ltcted egwere joWnng st 71s73c per dozen.
I LIVB POULTRY-Fowls, sccording to qusl
I itjr, 34aJ7o; spring chickens, as to quslity. 32a
136c: roosters, 21s2.c; ducks, Pekin. 34a36c; do.
! Indian l&unner. 3Pa3>; geese, 30sT>4c; turkeva.
; 3Ra40t , guineas, young, per psir, weighing
11% iq 2 hbs apiece, l.OOal.M; smsller sizes.
GPa85c: guineas, old. T?r psir, 75a80c; pigeons,
i old. per i?ir, 30a35c; do, }oung. per psir,
? 2Sm30r
I POTATOES?White potatoes. Eastern Shore,
i |*r bbl. No. 1. 3.05*3 39; do. No. 2. C 00.250.
I Norfolk. 3 25; Jersey, per % bus baa. No. 1, Wa
;90r; No. 2. 50a60*.; Penuiylvania. No. 1. pet
1? lb-, 2.30a2 8i: Western. 100 IU. 200s2.fi;
j New York, 1?? lbs. 210*235; sneet potat<jes.
Jersey, per bas. No. 1. 1 16*1.40; So. 2. ^*86c;
Esstrrn Shore, per bbl. No. 1. 4.a0a5.50; No. 2.
| 25Cs3.!jO; Delaware and Maryland, per bushel
j hamjer. No. 1, 2.26 No 2. 1.50*1.73.
j Baltimore. *Md.. Dec. 31.?I^riccs on the Balti
! more produce market range as follows:
! POTATOES?White. Western Maryland antf
1 Pennsylvania, per 100 lb*., 2.50*2.75; do. New
I York, No. 1. per 100 lbs., 256a2.75; do. Easter*
' Shore of Maryland and Virginia. McCormick.
( 1.75a'.V00; do. Jerseys, per 150-lb sack. 3.75*4 (0;
sweets, yellows, North Carolins, per bbl, 6.50s
| 7.00; do, Eastern Shore of Maryland, jier
{hamper, 2.00*2.25; do. Eastern Shore of Mary
| land and Delaware, per bbl., 7.00; do York
: Kiver. per bbl.. 1.30*7.00; yams, f*ncy, bright,
j per bbl., 4.50a5.00.
I LIVE POULTRY?Chickens. roung. large.
1 smooth, i*r lb., 37a38c; do, under 2 lbs., per
I lb., 40c; do. young, by express, per lb.. 36a3?c;
do. old roosters, per lb.. C2a23c; do, old hens,
over 4 lb*.. |?r lb.. 37c; do, sm*U, per lb., j6s
36c; do. White Leghorn hens, per lb., 56a57c;
ducks, Muscotj and mongrel, young, per lb.,
j j0*32c; do. White Pekin, young, per lb.. 34*3^;
i do. puddle. 3% lbs and over, per lb, 32*33c; do.
I smaller, poor, per !b, 29a30c ; turkeys, choice,
j young bens, |er lb*. 46c; do, dtoice
1 young gobblers, p?r lb., 45a4?' ; do, old toms.
j per lb., -!2*Cc; do, cmoked breast, poor, per lb.,
|3f?s40c; geese. Maryland and Virginia, per lb..
I 33a34c; do. Western and Southern, per lb.. 30c;
do. Kent Island, f*t, heavy, per lb., 3ia3uc;
l/igeons. old. rer p*ir, 20a25c; do, young, pef
. jiair, 20a25c; guine* fowl, young, over 1% lbs.,
' each. ?0c; do. under 1% lb*., each, 40c; do,
?mall?r each. 30c: do. old. each, 40c.
BUTTER?Creamery. Western, separator, ex
tras, 69a70c; do. firsts. 67a68c; do. Western
prints, %-lb extras. 70*7lc; do. first-. 68a?9c; do.
Western print*. 1-Ib extra*. 70*71c; do, firsts, 68a
60c ne*rby creamery extras. 62a65c; do, firsts,
60a61 c; d*iry print*. Pennsylvania and Virginia,
extras, 43a44c; do. firsts, 42*43c; <tore-p*cked,
first*. 42c; rolls. Maryland and Pennsylvania,
42a43c; do. West Virginia, 41a42c; do. Ohio,
EOGS?Weft em Maryland and Pennsylvania
and ne*rby. j?er dot., firsts. 62c; Eastern Shore
of Msryland and Virginia, firsts, 62c; Ohio firsts,
62c; West Virginia, 61c; Southern North Caro
lina firsts, 60c.
Income Tax Dodgers Lose
Money By Forcing De
New York, Dtc. 31.?Stocks rebound
ed with a mighty upturn today from
the depression caused by selling to es
tablish losses for the purpose of in
come tax returns. Many of the patri
ot who had sought to evade the
payment of taxes lost in the rebound
many times the taxes they saved by
selling their stock. The day closed
with thousands of tax sales still un
covered so that the market is in as
strong technical condition as though
there was a large short interest out
Although practically every class of1
security participated in the strength |
of today the upturn was particularly i
noted in the oil stocks and in the,
preferred stocks usually purchased
only for investment. It was in these j
preferred stocks that the investors i
seeking to evade taxes suffered the
most for they had not counted on
such a narrow market. For several
days the prices of such investment j
shares have been breaking badly as
tax evaders offered them down. The
advances were equally sharp but |
where selling continued there were
also declines. For instance. Pan- j
Handle broke four points on the sale
of 200 shares. U. S. Realty and Im-1
provement broke four on 100 shares.
Snuff preferred went down two and
one-eighth and North American down
three. On the other hand advances of
! two points or more were common.
Cnuli Sale* Help Market.
There was some selling for cash be
?cause sales made in the usual way
could not be counted in 1918 as they
would not be completed until Thurs
day. In order to make the entire
transaction come in the year 1918, sales
for cash were made and in some
such cases the vendors were com
pelled to take one or two points less
! than the previous transaction only to
1 see the market continue advancing
I after they had parted with their
Oils were the feature of both the
j stock exchange and the curb markets.
They were led on the inside by Mexi
! can Petroleum with a gross advance
| of more than $12 a share and on the
curb by the very Standard Oils which
I were up from $10 to $20 a share.
Liberty Itondn Advance.
liberty Bonds, particularly the
Fourth Loan, wore resilient following
the loss recording sales that have
been made in them for several days.
Closing Monday night at 94.20, they
opened today at 94.60 and did not stop
their advance until they had touched
9$.20. They closed the day with a
net advance of 1.14 points.
records for the movement were
made by U. S. Rubber. American Car
and Foundry, but neither caused any
surprise as they were along the l?*e
I of expectations.
Disappointment has developed in re
j gard to the return of the railroads to
I private owners. The owners do not
j agree with the managers on the plan,
i So between them the government may
i have to keep on holding them.
New York, Dec. 31.-Large export? for the day
I ami covering f'?r ov?r New Year's strengthened
? cotton today after it had <leveioped weakness in
j the forenoon. Local traders were not much im
I pressed by statements that a feeling existed in
j berking circles that* there would be difficulty
in financing foreign shipments of the staple if
I government guarantees wpre terminated. Spot
! news of a bullish tenor was again in circulation,
i one of the items l*ing a re|?ort that Carolina
! mills had paid a record ba*is for tinged. The
close wis firm at a net gain at 15a50 points.
Receipts at ports for the day were 28.<TO bales.
Exports for the dsy were 67.887 bale*.
Spot at New Orleans was steady with middling
?inrlia?iged at il cents; sales were 1.6*8 bales.
Srwt here was steady at an advance of thirty
points at 32.? cents for middling. There were
no sales.
Receipts at the porta- Galveston. 6.463; Mo
bile. 0.090: Savannah. 4.39: Wilmington.
Norfolk. 1,472; Augusta. 2,474; St. Louis, 76L
New York, Dec. 31.?Oil stocks dominated the
Curb today. The spectacular advance in Toxas
Pacific coal and oil, and the srntational ad
vances in Standard Oil shares, followed a9 it
was today by spectacular advances in oil stocks
on the Stock Bxchanjre served to bring a flood
of buying orders. Texas racific was quoted
at $1,5T5 bid, $1,650 asked. Among the Stand
ard Oil stocks, to reflect the big boom in
Ranger, Prairie Oil Gas and Ohio oil.
Independent oil stocks were strong. War
order stocks were heavy.
Sims to Be President
of Naval War College
Admiral Sims, commander of the
American naval forces in European
waters, has been assigned, at his own
request, to the presidency of the Na
val War College at Newport. R. I.
He will assume that post when his
duties overseas end?probably early
next summer. Secretary Daniels an
nounced yesterday he has asked that
the college appropriation be doubled
and that the work there be enlarged.
Lifts Ban on Coal Contracts.
All restrictions on the making of
contracts for the delivery of supply
of coal or coke during g. period ex
ceeding one year were removed by
Fuel Administrator Garfield yesterda>.
tive Today; Seay to
Name Successor.
Daniel J. Callahan, who ha* occu
pied the directorship of the Dtatrlct
of Columbia WTar Savings Commit
tee since its organiaatlon early in
December of last year, has formally
tendered his resignation as such to
barter Glass. Secretary of the
Treasury. Hla retirement becomes
effective today.
While the appointment of Mr. Cal
lahan's successor ha? not been an
nounced. It In expected to come
through George J. Seay. governor of
the Federal Reserve Bank for the
fifth district, who now has charge
of all war loan activities for this
territory. Governor Seay. when In
formed of Mr. Callahan's intention
to relinquish his duties, urged upon
him the retention of the post, but
the pressure of his many business
duties, which he has been com
pelled to neglect for the j>ast year in
favor of patriotic service, compelled
him to decline.
Thanks Newspapers.
"In stepping down from my office
as head of war savings activities in
the District of Columbia." stated Mr.
Callahan yesterday, "my only regret
Is that I must do so without the
satisfaction of knowing that the Dis
trict of Columbia's quota has been
actually achieved. However, while .
exact figures will not be available,
before January 10. there is every i
reason to believe that this city has I
again gone over the top. Just as it
has in so many other Instances inj
the appeals that have been made to
it during the year in the cause of
"I feel, however, that what suc
cess we have achieved in our work
Is attributable to the whole-hearted
co-operation on the part of my as- .
sociates on the committee, and thel
business interests of the city, who!
have been tireless in giving of
their time, energy and brains.
"The four newspapers of Wash
ington have been particularly gen
erous to us in the way of publicity,
and before retiring to private life
attain. I wish to voice my appre
I elation."
Mrs. J. Frank WIIms, rhairsaan of
the woman's section. Montgomery
County Council of Defense, has call
led a meeting of all department
| chairmen and district leaders at
Rockville in January. A speaker
I from the National Food Administra
tion and other prominent speakers
will be present.
| Ttr Y. M. C. A. will eondart -??"
I house" today from 2 until 6 p. m.
There will be a concert at 8 o'clock
at night.
I Member* of (amp 171. C. C. V.,
I wIM be guests of honor at a recep
Ition to bo given by the United
Daughters of the Confederacy at
8:30 o'clock this evening, at 1322
Vermont avenue.
Members of William B. ( asking
Camp. No. 30. Sons of Veterans, will
meet in the lobby of Wardman
Courts east, at 2:30 p. m. today and
march to the home of Mrs. Logan
Tucker and Mrs. John A. Logan.
2523 13th street, to pay a New Year
call. After this call the members
will call upon members of the G. A.
i R. at their homes.
| C. E. Baanett, 1425 Allison street
: northwest, who. has been the spe
cialist in co-operative organization
in the Vnited States bureau of mar
kets for five years, today becomes
manager of the field operations of
the North American Fruit Exchange,
! with headquarters In New York city.
I Bassett is a national authority on
I marketing, being the author of a
! number of publications on that sub
1 ject.
The monthly meeting of the Hay
Nursery Association has been post
poned to January 8 at 10:30 a m.
at the Ebbitt House.
The annual meeting of the MeKIn
ley High School Alumni ^soclation
wil be held at the school tomorrow
evening at 8 o'clock. A brief busi
ness meeting in the auditorium of
the school will be followed by a
showing of the film. "Pershing s
I I Llent. Woldmnr W . de SveshnlkoB
IJT the Russian field artillery will
! address the officers on the situation i
In Russia at the United Service Club
Friday night.
1 The Washington State and Alaska
Society will meet in the Thomson
School tomorrow evening. Ther?
I will be vocal solos by Miss I>ah
Miller, of Seattle, daughter of Rep
resentative John F. Miller, and ad
dresses by Louis A. Black, Y. M. tj.
A. secretary at Camp Humphreys,
land Representative Albert Johnson.
The Young Women's christian As
sociation will have "open house" at
the building. CIS Fourteenth street
northwest, this afternoon for all
girls. At 5 o'clock. Henry M. Rose
assistant secretary of the United
States Senate, will give an illus
trated lecture on "Some Beauty
Spots in Washington."
The Woman's Clah of Chevy Chase
will meet Friday at the home of
Mrs. W. M. Imlay, 106 Raymond
street. There will be a "Riley" pro
gram by Dr. J. T. Huddle, with ap
propriate music by Mr. Slattery. The
new plan of having evening meet
Southeast Washington
Personal News Notes
Ih.^lM P t0r th? Kl?*" W?
ihni ?! * ?Pecl?' service for the
ehlldren of the 8u?d?y Bchool of the
ni*ht ^ ?k Church. held Sunday
night In that edifice in fourth
? treet southeast. with Edward S
Mantzroon. superintendent of the
?chool. In charge. The committee in
inru!"^"'iL'tla' the ?"Perlntendent.
included Mr. and Mrs. W. C W
Burge.,. Mra. M Bacon. Mia. Dor.
T W?** M'*'' Ern* Cahoon ??><> W.
st?lV and.uMr" H#rry Kel"'- of W
street southeast, are rejoicing today
trim th" i'*Ct ,hat they have heara
">eir ??", Zane Kelly, who la
an ambulance driver and who h&a
?f(n ln France for a number of
months. About a month ago Mr
*?"* "ddreaad a letter to hla boy.
and lt w?? returned to him with the
note that young Kelly could not be
found. Hia name had not appeared
In any ot the casualty lia*a and ef
fort made at the War Department
could not locate the boy. The letter
to his father states that he la atUl in
I-ranee and expects to return home
sometime in the near .future.
funeral services were held ye?
terday afternoon from her late
home, Tio 4th street southeast, of
i ^-^try A Whit'- w,fe ?f ^hn
, white, who died on Saturday fol
lowing a long Illness
The Rev G. O. Ha son waa in charge
or the ftAtch-night services last night
at the Wilson Memorial Methodist
Episcopal Church In Eleventh street
southeast, beginning at 1# o'clock
Special mualc was rendered by the
choir, and addresses delivered by the
pastor, covering resolutions for the
new year.
The .Navy Yard Chapter of the Red
' r?*" conducting dances on each
Saturday nigh: at its quarters In
Eleventh street, which have been spe
c ally fitted Up for thia purpose. Mrs
a US' ^i"on " ln charge of the
dances. The proceeds of-these dances
are U'ed to assist the chapter In It*
or* This chapter is one of the
most active in the District.
Funeral service* for Ueut. Herbert'
u j ct !**e A,r ^rvice. I*. S. a
who died at his home. 1000 East Cap
itol street, on Saturday night of
pneumonia mere held yesterday from)
his late home. Lieut Kubel wasl
formerly cartographic specialist in
^ *e"^eical survey and inventor of
perfected processes in color engrav
ing and printing He was ihe son of
the I", ?? K'ub"'' ch,ef engraver of
the geological survev. He vaa com
missioned a firs, lieutenant l""n^
last year, and assigned to work in 1
>ngs with light refreshments la I
proving popular.
Patriotic orcunlia lion* of
*1U<,(S W'th the G A R
Join In a reception at G A R Hall.
" Pennsylvania avenue, from 1 to
? m; ,0lay Ther' he musle
and refreshments.
l,.Tfc* 0vlrt*"* State CM Will
. * ,a, Y,*r psrty and dance
KcE^ 'he w"?>? Norma!
school. A short program will be
?!n*" #t?7 P' m' and dancing will
follow. Every Oklahoman in Wash
ington is Invited.
T'srera" league wlfl be held
some time in January.
1 'e Bnrean of Varda and llorks
Navy Department, will keep "open
house this evening from 8 to 15
i o clock in the Red Cross club rooms
Corcoran court New Tork avenue
I be.ween Seventeenth and Eigh
teenth streets. All war workers and
their friends are cordially invited
Informal dancing will be one of the
wTik? ?' Alm?" Tempi, Patro|
will hold open house" at the head
quarters of the Patrol. 1224 H street
northwest, today, for the reception
of the nobles and their friends from
3 to 6 p. m.
The Kansas rlt, filrl.' Clnh of
*Var Workers will hold "open
house' today from 1 to 6 p. m. at
the Elizabeth Somers home. 1104 M
street northwest. All Kansas City
people and their friends are invited.
The division of the United Dnies
ter* of the Confederacy, of Wash
ington. will hold a reception to the
members and honorary members of
Camp lil. United Confederate Vet
erans. tonighl at 1322 Vermont
Men in uniform are Invited to n
reception at 1408 Pennsylvania ave
nue from 4 to 11 p. m. today. Miss
Frances Davidson, assisted by twen
ty-flve young women, will be the
"The Making of a Raee" Is the
subject of an address to be delivered
by Rev. W. C. Brown at the Eman
cipation Celebration at the John
Wesley A. M. E, Zion Church, Four
teenth and Corcoran streets north
west this evening at 8 o'clock.
Signs Wilson's Name
and Makes It Legal
Pay day yesterday revealed that
there was one man left behind in
Washington who could sign Woodrow
Wilson's name and make it legal.
When the President's Treasury war
rant for $6,250 was delivered to the
White House yesterdav Chief Clerk
Webster endorsed It with "Woodrow
Wilson by N. P. Webster, attorney
In fact. The money was deposited
in a local hank subject to the Presi
dent's checks for cable transfer to
Bjit Webster couldn't sign any bills !
that way?not with Congress looking, i
FRECKLES AND HIS FRIENDS If he is a relative, he won't admit it. By BLOSSER
aerial photography and mapping and
Special service? are to be held this
morning in the chapel dfc Emmanuel
Church by the rector. Rev. William
O. Roome, jr. *A special invitation
has been issued by the rector for a
large congregation.
Because of the epidemic of influ
enza at the German Orphan Asylum
in Good Hope road southeast. It has
been decided to omit the usual
Christmas entertainment this year.
In lta place a purely local celebra
tion for the children was held on
Christmas day, with Supt. W. O.
Oscar Priel in charge. There were
twenty-three cases of the "flu" at
the institution at one time but It Is
stated that the disease Is well in
hand at the present tUne and those
suffering are getting better. The
oldest girl in the institution, Bertha
Schnappaua, 19 years, died of the
disease the only caae lost so far.
Funeral services for John A. Ken
ney, husband of Addle A. Kenney.
who fflied on Saturday, were held
yesterday afternoon from the family
home, 1241 E street southeast, fol
lowed Vy Interment in Congressional
Cemetery. -Mr. Kenney had resided
in Washington for a number of
Southe&se Washington is ready to
do its part in giving the returning
District soldiers a fitting' welcome,
and to this end the matter will be
preaented at the next meetings of the
civic bodies. The question has bee^
discussed in an informal way by the
leading citizens of the section, and aJi
favor some sort of demonstration a*
a mark of appreciation to thaae me?
for the. work they hav*? 'lone.
The inmates of the Home for the
Aged and Infirm at Blue Plains will
be feted today by several organiza
tions who have made It a custom on
each New Year Day to take cheer and
good will to the old people at this in
stitution. Supt. Fay has also ar
i ranged every detail for their comfort,
land a general good time is lookea
forward to.
The Congress Heights Rifle Range
was the sc^ne of a large gathering
yesterday afternoon, when the mem
bers of the Ordnance Riflr Club, com
posed of civilians, turned out to try
their hand at hitting the mark. Sev
eral good records were made. It is
planned to have similar contests
throughout the year.
Declares She Is Going to Make Ex
ecutive Mansion Real Home.
Albany, N. Y.. Dec. 31.?"I shall be
J my own housekeeper. We are a home
I loving family, and as long as we live
J here this big house is going to be a
real home if I can make it so."
These words, spoken bv Mrs Alfred
E. Smith, wife of the man who to
morrow will be inaugurated as gover
' nor of tbe Empire State, as she sat
| entertaining a calle- today in the cx
jecutlve mansion, gave the visitor a
feeling that New York State as well
] as her own immediate circle is to be
j mothered by Mrs. Smith.
J "I am not accustomed to a large
i house," said Mrs.*Smith. *1 was born
j in New York only a stone s threw
j from our home in Oliver htreet.**
j As she talked her five children and
J Caesar Smith, the gr*>at Dane. w?re
I getting more or less noisily acquainted
with the vastness of the aristocratic
executive mansion to which they bad
1 been whisked from their very demo
cratic home in New York.
J "I actually haven't seen all the
1 rooms in this house yet." said Mr*.
! Smith to her caller. "But I have
i found it spotlessly clean and very
homelike, and 1 mean to keep it so **
Continue Hog Island Probe.
J The Senate Commerce Committee
j will resume its inquiry into the affairs
! of the Hog Island shipyard tomorrow
morning. Senator Fletcher, chairma.t
of the committee, announced yester
iday. Charles Pioz. general manager
I of the Emergency Fleet Corporation,
will resume his testimony then.
800,000 HVNS*
Germany Not Reducing Be
low Pre-war Strength,
Says General.
1-Ocid or. Dec. XI.?German V u r?4i?
,n? to and not below ber i<mmi
Riaadard. according to Gen sir Frafl
erick Maurice, who. writ.ma in th
London Dally New*, savi
"Germany la demobilizing on a 4c;
Inlte Plan. The German general ataf
to at work at Caaael. and. aa u?i*t ?
working ayatematlcally. deapltekh.
disturbance* In Berlin.
"Since the algnlng of the urmMin
?omething like rooo.ooo German mm.
<Hera have been dlabanded. but Ger
?"y * reducing her army to and bo
below her prewar standard of abou
SOO-WW men Her plana are to keep t*.
annual claaaea with the colora. hut a
her claaaea are weak owing to ?l,.
"r la a' prraeni k- ?lai
four claaaea If thla la allowed tr. eo, .
tinue neither France nor
ua can be aecurv without
maintenance of which will .
-It we are to mak< the -u
we alllea must keep on the CeifcM
frontier a sufficient force t rnabAt ik
to impose terma which wit| ,
recurrence of the events of V?
1914. impossible, and we British
take our share in this burden.
? ETT all meana let ? make Ger
P?>. and let thoae who have sol
moat be paid flrat. If Germany ?at
pay for S60.000 aoldiera ahr car pryT>
acme of the damage ahe haa Aor?C
Gen. Maurice also mokee a pie,
agalnat the return of anv of her mIo
r.iea to Germany. While conteqBa
that Germany haa shown by her pM
***** that she ia not fit to spread civ
ilizatton among native races, he
h. warning that there must be tw
ouarrel o\>r spoils and no land ff?t
bin* at the Peace Conference, as tfca
is what Germany is hoping for.
Greek Kinj to Tour Europe.
Athena Dec. 21.?Kin* AWxaaflr
*ill visit Pans. L*ondoii and Rom*
thejastof next month. J
Assets, $3,581,361
Save Systematically
Through the Equitable
If Tou wit to aroompiiah ai T hias
in a financial ?t, >rm mnat make up
vour mind to mip ?> sternalically. Ju4a
U?e Equitable nam.
^nbaeriptlona for fke
76th Issue of Stock
Ilrlna Iter el red.
Skares, $2.50 Per Wontk
4 Per Cent Interest
915 F St. N. W. '
American Telephone I Teiefrirh Ct
A dividend of Two Hollars pc* share
will b?* paid on Wednesday. January
1\ 1H1*. to stockholders of r'-rorf at
the close of business on Friday De
cember 20, 191S.
G. D. MILNE. Treasurers
The Safest loTestmnts
A is Ukm that .10 But fluctuate cam* m*.
tartan* cuontona of 'b? m ?e9 ?
mara.-a t in* oe^<J of tnw< ooies Tsm*
"?oru?r* veil mM am m
tW uiwif o* CoTt:abia. coaptltate
rC** intwtBenti mmc do am drprra mmm
U)e Cna 'Ciai of
eorporac ??w for tlw^r ftah lity
rrpl' ?? ir?#rt*f*ntn ?e ? r-.o-irta r>^ M
? I?aH &md f-r honk let. ' ot *i
Lnaai ?n<J 1 r ewtmeata'
SwartieQ, Rkeem &
Heaser Co.,
727 Fifteen Street NortbwMl,
Capital & Surplus, $2,000,000
Same Rate of Interest Paid
on Both Large and Small
Travelers' Checks
Take Steps Now
To Make 1919 a
Prosperous Year
SAVING Will do it?|
steady, intelligent SAV
Begin while the year is
young?open an interest
earning account at Wash
ington's Oldest Savings
Practically any amount it
acceptable as a corner-stone
for your account at this big,
service-giving bank.
Large resource;, experi
enced management and the
indorsement of over 38,000
depositors, emphasize our
ability to give you the prtv
lection that is your right.
FRANK W. STONE. Second V. P. E. PERCrVAL WILSON. Secretary
Woodbury Blair <leargt Howard <*amurt Madtfoi
Ja?<* A. Buchanan VSillUa D tioowr *a???l MKioau
W 'ib?? F vN.vtaal
Krmnk Vf St on*
totllMUR B W?ft?r
WtfllMi A. H. Church
Walter C. Ckphanc
YM liaai V. Co*
WUllaJC E. LdmonKon
Krrinatd 8. Botdekoptr
Tboaaaa R. J ore*
Victor Kaufmans
bwn K. Wsltord
S24 Oldest Savings Depository in Washington. 5 2d
Cor. 15th and New York Ave.

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