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DELAY BY BERLIN BANKDjSGUSSED Significant Departure From Methods Seen in With holding Statement. B.r the Associated Press. BERLIN, December 26. —The delay ed appearance of the reichbank’s re turns for the second half of Novem ber suggests to several financial writ ers the possibility that central bank ing Institution is traversing a de cisive transitional period, the out come of which will mark a signifi cant departure from the bank’s pre vious methods. The newly appointed head of the reichsbank. Dr. Hjalnmr Sohacht, is thought to have ideas on the issues of gold currency and pri vate credits which will ultimately cull for a complete overhauling of the bank’s policies. That the reichsnank’s statement for the last two weeks of November should be held back until Christmas eve. which marks the beginning of a three-day banking and one week bourse recess, occasions only re stricted comment. With the Decem ber returns still outstanding, an ade quate survey of the Institution’s pres ent resources and liabilities is wholly precluded, especially as the twelfth month invariably makes heavy drains on its credit service. Taper Marks Increase. The returns for the latter half of November reveal an increase of 308- 000,000 trillions of paper marks in its holdings of private checks and drafts, which, oddly enough are offset by an almost equal amount of newly floated currency, although the bank’s communique intimates that the lat ter was chiefly occasioned through the enforced absorption of emergency currency of municipal or private ori gin. The conspicuous increase in the bank's acceptance of private bills of exchange suggests to some observers that the reichsbank during the latter half of November and possibly be yond that time proved a useful milch cow for industry, trade and com merce. which sought its loaning ac comodations at an annual discount of 5»0 per cent in preference to paying anywhere from 20 to 40 per cent for short-term loans on the bourse or meeting equally excessive rates in the private banking world, which, in addition, continued to hold aloof from the general extension of private credits. The reichsbank’s current returns also failed to make clear whether its heavy advances on private credits were based on the paper mark, which at that time had not yet been defi nitely stabilized, or whether the loans are returnable on the basis of gold computation. New Problem faced. Whether the army of borrowers who helped to swell the relchsbank's fund of private chits hoped to profit from the Inflation period’s last gasps by making a quick touch in paper narks which ultimately found highly respectable enchantment through ef fective temporary stabilization or conversion Into foreign currency, is only one of several queries prompted by the belated November accounting. Up to December 22 the reichsbank had drawn 750,000,000 rentenmarks of its allotment of 900,000,000, which it is obligated to place at |he dis posal of the central government and on which interest is to be paid. Pre viously it turned over 300,000,000 rentenmarks to the federal treasury, which the rentenbank by the letter of Its charter is to place at the govern ment’s disposal free of interest. These rentenmark holdings, which are com puted In the relchsbank's statement on the basis of the stabilized paper mark, are primarily intended to ab sorb the government’s discounted treasury bills, which, it is announced, will shortly disappear from the cen tral bank's returns. On January 1 the rentenbank will transfer to the reichsbank the sum of 1,200,000,000 rentenmarks, which will he wholly reserved for the purpose of private credits and advances to the note printing banks. HOUSING EVILS GROW. Report on New York Conditions “Shows Tenant Worse Off.” ALBANY, N. Y., December 26. Housing conditions in New York city are worse than they were three years ago and a progressive aggravation of the conditions continues. Gov. Smith was told in a preliminary re port of the commission of housing and regional planning just) made public. The committee said a com parison with the 1920 report of the governor’s reconstruction commission Indicated these outstanding facts: Rents have increased forty to ninety-three per cent: factory wages show a decrease; there is a greater demand for homes and vacancies are fewer; rooms regarded as unfit for habitation are occupied: little repair ing has been done; sanitary con ditions are worse; ventilation is bad; there is unbelievable congestion in virtually every block: high rents are taking money from food and educa tion: standards of living are being lowered; emergency rent laws are being evaded. Gov. Smith said the report “presents a living picture of homes in New York and it is im possible to escape its meaning. Housing conditions presented by this report show the tenant to be worse off.” NEW BISHOP NAMED. INDIANAPOLIS, December 26. —The Rev. Alphonse J. Smith. D. D., pastor of the St. Joan of Arc Roman Catholic Church here, has received notice of his appointment by Pope Plus XI as bishop of the diocese at Nashville, Tenr.., It is announced. J New Year Greeting || U Cards || ad ■»» S 3 We have undoubtedly =s =3 the largest and most |||| =3 complete assortment of |^= I unique and original New S 3 Yecr's Greeting Cards j== =||| ever displayed. If you received Christmas Cards e= from some one whom you as overlooked, here is the SSc = chance to gracefully re- ass =■■ clprocate. Our New S 3 Year’s Cards are not like S 3 those you are accustomed p= SS to seeing—we specialize EES = in novelties. t= HI The National I H Remembrance Shop B =■ (Mr. Foster'* Shop) f= H 14th Street OB VL”A^™ m ■ = Also 1229 Pa. Are. SS iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii ■ Mi 1 L*l Avoid Imitations-Substitute* • * Boys* Brushed Wool V WTfc Boys’ “Protecto” Reasons For Another Busy Day Srlg of inter Costs t> . j t a-a- * Pur Coats and Jacquettes At n, Opportunity Too Good X a 1 a • J!|k For Any Woman to Miss JcTC" InVCntOry KCdUCtIOHS rßfth JfjgL . SIQ slls, $139.75, $235 • 1 ■ W m What better way is there to invest your Christmas check than n * n a smaßt F ur Coat? The reductions in this Pre-Inventory Sale ASwkMm'y Aitt 11 make it a particularly good investment, with the greatest part of ttßßß imilmBB I IjjsßsJ Think h f a new winter coat for Nine- the fur-coat season still to come. / teen Dollars! Christmas has left you with ~ a scant pocketbook, yet you must have a -> . t iK. (M new coat ’ and here !t is at a p rice s ° |ow lur Coats ronnerlv \ f you wilJhardly miss it. > A m n t t * Ivi n ■mm Many of these were coals that sold in $145.00 RedUCed tO ' IB i*l \ i our early fall showings at prices decidedly /dfa •SI “51 iSjBKPSL higher, while others were odd lots bought H SW/*XSBfdK • Jmmm * • new rom ma^ u^act^ rers ’*° *° “*■ Bolivia*, nomiandies, suedine, polair coney), with collar and cuffs of natu- - VHL I anc * * sport plaids and checks, ra j skunk, natural or Viatka squirre*- Vr'%' MhaSiyC V*— each defying this low price in its quality Natural Muskrat Coats. I IIpIPn and exceptional good looks. Many are Caracul Jacquettes, tan or gray. • rxaßp trimmed with fur opossum,* nutria, Wildcat Jacquettes, trimmed with raccoon. tk J/ V beaverette or Manchurian wolf. Sizes for . I! / K.’ m . Fur Coats Formerly IMgS Wmk t/ BECOKD FLOOB, UIKSBUBOH k BBOXHEB ** I/A rllW Mftwl iPI I ■ $195.00 Reduced to I Silk-and-Wool Canton FSI $H I Crepe Specially Priced /f\ It j-ff Coats of Civet Cat, Natural Muskrat, Belgian Squirrel (gray coney) fflSil AO /AyJi. or ar Mink; all 48 inches long. Mil f ' J/ < Caracul Jacquettes, in tan, beige or brown; some tripimed with red With the holiday season passing, you can now give iPI Wl thought to your new frocks and coats for the coming M, 1 year. This is a beautiful mixture of silk and wool and C/a - 1, Li 11 1-4 V V^kV fashions dresses of both beauty and service. Yard /BalaSpmte Ji Ul IjOalS T 0111161^ wide, in twenty-five favorite colorings. A/\ J Jl * Four Woolen Salt’s Hudson C-B Corsets and «00 XvGCI 1106(1 tO r GOOd |l.oo eCmlS Seal Plush, SI2SO Claspons, SI.OO Z%;: l J r cZ*s ' ffip All-Wool Serge price much lower than real hip. Claspons of fine coutil with . - rtj j ci/jj i x i- pT/V All-Wool Stripes ur s™f. V lee s s K ° ft *? ,le elastic inserts at waistline, for Luxurious Coats of Hudson Seal (dyed muskrat) or Caracul; 48 inches f M Four fabrics that are the ’ s f slender and medium figures. . long. Self trimmed or with wide collar and cuffs of Natural Skunk. Beau- At; « « p , « • . oi coats, capes or irimminKS .• # «« *i« «• j t leaders for sports skirts. • . _ ,S . tlfullv Silk lined. . dresses and many other of on other fabrics. Rich black In flesh only. SECOND FLOOB, lansbubgh k bbotheb , - ™ the winter’s needs. only. THIRD FLOOB, LANSBUHGH k BBOTHEB IHIBD FLOOB, LAHSBtTBOK Sc BBOTHEB Your Gift Money May Be Profitably Invested In These Sweaters of * Women’s Smart New Low Shoes . Reduced to SIO.OO vSg^jll Some of our finest sweat • Specially Purchased New [|J I e rs, suitable for winter or n. Arr tV aIS and Higher eluded in this-sweeping re- Priced Styles Reduced to duction. There are several st y les man y lovely col- Slip-on and Tuxedo A\ Styles suitable for immediate wear and for Spring. Stout walking 24 S | ip . on ant j Tuxedo oxfords, smart pumps, low, high and medium heels, in patent, dull kid, “ Sweaters, formerly $15.95. f I tan russia calf and wanted shades of suede, as well as black satin and 17 S nk Sweaters, several L ‘ Kaffir kid. styles; formerly $18.95. - %•% Models for every taste, sizes and styles for every foot and every need. Note the smart lines of the eight models sketched —observe the new -IHJ n ess and correctness. Very Special! | An outstanding value offering, one that should bring to our Shoe Section every woman interested in securing a new pair of shoes now, and 35 SWO3.tGrS . s securing them at an advantageous price. I Come early tomorrow —for best choice and unhurried service. ormer y 9 . to s. s I SECOND FLOOB, LANSBCKGH k BBOTHEB Reduced to V our Christ models, in many m . , f THE EYEKIKg STAR. WASHINGTON, P. 'C„ WEDNESDAY. DECEMBER 26, 1923.