The Washington herald., 1922-03-24
TRADE DEPRESSION
PAST, CONFERENCE
STATISTICS SHOW
Employment Assumes
Upward Course-Other
Local Financial Notes.

Sine very definite figures to prove
that the tide OF business depres-
sion has turned and that the worst
Is over were made public yesterday
by the Presidents conference on
unemployment Reports from the
United States Employment Service
bureaus showing the trend of un-
employment In the entire country
have been charted. and Indicate a
distinct gain
The mass Of statistics dealing
with the hundreds of thousands OF
applicants and the jobs available
for them have been figured on
percentage basis. and It comes out
that for every 100 JOBS available
at the various employment bureaus
there were 22s applicants In Janu-
airy, 2o5 In February, and 1874 for
the frt ten days in March. showing
a gradual drop In other words
there were only Jobs in January for
- per cent OF the applicants, while
in March the number had gone up
TO 81 per cent. Assuming that g.
100000 wre jobless in January, this
shows work for 245.0oo persons, or
more than the population Of Della
ware.
For every 100 registrations. IS
found Jobs IN January, 41 In Feb
ruary, and 43 in March. With the
falling of in applicants there has
been a gradual Increase in the num-
Der for whom work is found. which
figures at a gain of s. per cent.
Ofhcials Of the conference are a
good deal concerned as to the best
methods to bring about the salvage
OF the many men who during the
winter have been forced from the
independent into the dependent
class.
There is no doubt. I am afraid" !"
said Arthur Woods. chairman of
the emergency committee OF the
conference. that there are a great
many thousands Of men who have
been entirely self-respectlng and
self~supporting. but who have been
driven through the stress OF the
times, without fault Of their own.
to become public dependents. From
points OF view both Of humanity and
OF the conservatio nof man-power
Of the country these men must be
helped back into the independent
class What are the best ways to
do II Is our problem today"
Treasury Subscriptions.
Secretary OF the Treasury Mellon
has announced that the total amount
of subscriptions received for the
four-year AZ per cent Treasury
notes Of Series A-1926, dated March
15. 1922, and maturing March Is,
1926, was S17,767.7oo. The notes
were offered only in exchange for
az per cent Victory notes and sub
scription books closed at the close
OF business on March Is. 1922. All
subscriptions received before the
closing Of the books were allotted
in full.
The amount Of subscriptions al
lotted to the Fifth Federal Reserve
district totaled s13.252,20O.
Dividend Declared.
William B. westlake. president OF
the District Guaranty Corporation,
announces that directors of the Dis
triet Guaranty Corporation has au-
thorized the payment OF a quarterly
dividend at the rate OF s per, cent
per annum on the preferred stock
outstanding, and a dividend OF So
per share on the non-par common
stock outstanding, both payable
April l to holders OF record
March 21.
This company began functioning
about three months ago and en-
cages in all forms OF trade financ-
ing.
Local Securities
A further rise to SIX and SIX on
the part of stock of the Washing
ton Gas Light Company proved the
sole feature Of trading on the
Washington Exchange yesterday.
Lanston shares were slightly
easier and Continental Trust was
steady at 30.
A sale OF Potomac General IS. re-
ported at 9S5, at the close yester-
day, was actually made at 994.
A large amount of money was Of
fered on call at per cent.