davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1923-12-29
WEEKLY REVIEW
ISHOPEFUL
IN TREND
Note of Confidence Felt De.
spite Many Continued
Irregularities.
Nv Co.moUolitan News Service.

NEW YORK, Dec. 20. - Dun's
Weekly Review OF Business said
today:
Despite the continued irregular1.
ties in business, there is a distinct
note of confidence in many quarters
as the year closes. Buying in some
industries, as in steel and lumber,
has taken on new vigor at a time
when an absence Of important de-
mand would not seem unnatural,
and there are signs of turn for
the better in leather and footwear
markets. Although regular retail
distribution has been restricted by
exceptional moderate weather, re-
suits Of holiday trade have disclosed
a large public purchasing power.
1.-THE year now ending has been
unusual in various respects. with
unprecedented car loadings. an un-
eQualed pig iron output. record
construction operations that have
had no parallel.
There is now, as always at this
season, q slowing down in manufac-
ture and in most other activities,
but the general feeling is stronger
than 1t was few months ago when
sentiment was affected by the reac-
ton from the boom Of the first
quarter.
while prices Of certain comn1odi-
ties, notably, cotton, still fluctuate
widely, the past year has brought
a further lessening Of the insta-
bility Of markets, and the compare
tive few existing instances Of I'M
settlement tend to encourage the
placing OF future orders. The policy
of most interests remains one Of
buying for well-defined needs only,
but the conservatism which governs
nearly all commitments gives busi-
ness solid foundation"
The Washington times., 1923-12-29
BANK REVIEW IS
OPT|MST|CON
OUTLOOK
Letter Cites Economic Prob
lens to Be Faced in
Coming Year.
b. CosmopoIItan New serv1ee,

NEW YORK, Dec. 29.-The Me
Ghanics and Metals National Bank,
IN its monthly business survey, said
today IT sees cause for optimism
over the business outlook for the
coming year.
The letter, however, points out
several problems to be faced. In
the abundance Of food and raw ma
terial. the extent Of domestic buy
ing power. the readiness with which
the national wealth is responding to
development and the adequate man
ner In which the credit structure Is
lending itself to every right demand,
the bank sees factors decidedly IA
vorable to business.
The problems to be faced include
the Extremely high wages in many
industries, the elevated plane Of liv-
ing costs. and the disproportionate
prosperity of our Industrial and agri.
cultural sections"
The Washington times., 1923-12-29
STOCKS STEADY
IN CLOSING
SESSION
Offerings Eagerly Snapped Up
and Resumption of BuIlish
Movement Looked For.
BY II. j. DUIZEND.
Copyright. 1928. by Cosmopolitan News
Servtce.)

copyright. 1928. by Cosmopolitan News
Servtce.)
NEW YORK, Dec. 29-Today'e
short session on the Stock Exchange
was marked by steadiness. The mar.
ket again had to take care Of GER
tain amount Of selling to establish
losses for taxation purposes, together
With the customary adjustment of
accounts In advance OF the New
Years holiday, kept constructive op-
erations In check. Offerings, how
EVER, were eagerly snapped up by
important interests who believed that
the turn Of the year will witness a
resumption Of bullish activities over
q wide area
Publication of the details OF Sec
rotary Melons tax reduction pro-
posal and q more cheerful tone of
the weekend trade reviews fur
nished the basis for q generally
firm opening. Sentiment was stimu-
lated by the optimistic statements
given out by leading banking In
situations. Although q booming
period was not forecast, they all
appeared certain OF q continuation
Of good business with further ex-
pansion during the spring months.
Oil shares displayed the strongest
tone rejecting the action Of the
Magnolia Petroleum Company in
meeting the advance of 10 to Is
cents q barrel in the price of crude
In Oklahoma and Texas.
Further advances in gasoline prices
In western districts gave additional
impetus to the forward movement.
Standard Oil of New Jersey rising
above 40, a new high on the current
upswing. Producers and .Refiners
was buoyart, while Marland was bid
mp on the news Of the purchase of all
q the uniSsued treasury stock by a
prominent New York banking house.
Steel conlmon assumed leadership
IN the second hour, heavy buying or
0ers carrying this issue to 991k, a
new high on the move. Strength was
based on the bright outlook in the
industry, which appears to assure
the continuance of the extra divi-
dend payments. The equipments,
motors, tobaccos. and feathers held
about their own, but chemicals We're
under constant accumulation, adj
vancing moderately.
Signs that tax selling has run its
course was evident in the railroad
group. The Northwestern division,
which was particularly sensitive to
this form Of pressure in the last
two weeks, turned distinctly strong,
helped, no doubt, by the favorable
character of incoming November
earning statements.
The market closed steady. The
bond list was generally steady. Lib.
erty bonds were not materially
changed. St. Paul issues scored
further recoveries.
The Washington times., 1923-12-29
c A R LOAD|NGS
REACH NEW
RECORD
r. n. Ashton Gives Figures to
Statistical Association
Meeting Here.

That 4,241 900 more freight cars
were loaded from Dece mber 81,
1922, through November, 1928, Than
at any corresponding period in
history by American railroads, was
announced today by r. H. Ashton,
president of the American Railway
Association in an address to the
American Statistical Association at
the New Willard.
These cars, he said, would form
a train that would encircle the
earth and then lap over from Wash
ington to Bombay.
Declines to PrOphesy.
Declining to make a definite pre-.
diction for the coming year with
regard to transportation, Ashton
said that some forecast must he
made by railways, but that a
definite prediction must await the
figures for the first two or three
months of the year.
The forecast for 1928, made in
1922, he said. was within 2.3 per
cent Of what the transportation
figures actually were.
Railway freight traffic is q
composite Of the business activities
Of all other industries, he said.
ITO arrive at a forecast Of freight
traffic one must survey the whole
business field"
Factors which would enter into
the making of q forecast, he said,
are the growth Of population, in
creased use of railways per capita,
and the continual change in char
acter and composition of railway
freight traffic.
1,OOO,OO a Week Loaded.
In announcing the statistics Of
freight loadings during the past
year, Ashton said that during nine
consecutive months the loadings
averaged more than a million cars
weekly, an unprecedented achieve
ment.
"The largest number of freight
cars loaded in any week prior to
1928 had been 1913, 900, which
occurred in October, 1920, hs Eaid.
"Only six times prior to 1928 had
the railways loaded more than
1000, 900 cars in any week. One
of our problems was to estimate
what the peak load OF 1923 would
be.
Using the basis of computation
outlined above, 1t developed that
the peak week this year would be
well in excess of 100000. This
prospect was SO greatly n excess
Of past experiences that we reduced
1t to $500 in order to be safe.
THAT our estimate was conserva-
tive is indicated by the fact that
our peak load was slightly in excess
of ,097 900 cars or within less than
5000 cars Of our original estimate
Of 100000,
The Washington times., 1923-12-29
Public Utility Bonds.
| Bid. | Ask.

TuDIlc UGIuEy nOnOS. blu. ASK.
Am. Tel. & Tel. 4s...... S2% 927
Am. T. & +. c't1 #. IS. % ssM
Am. T. & T. Convl. Is. j. 118Al 119
Anacostia & Potomac 5s. SO 80
Ana. & Pot. Guar. $751;. SO so
c. & p. Telephone 5s... So 81
G. & p. Tel.of Va. 5s... 9Sh SO
Cap. Traction r. r. 5s. :. 81 IS
City & Suburban 5s. ...l 1914 $50.
Georgetown Gas LIST IS. j SO 80
Metropolitan r. R IS. 80 100
Potomac Elec. LIST IS. %. 81 .....
Potomac Elec. Cons. IS. 81 .....
Potomac EIe ss' s asO 1853 s.. 1917 ioix
Pot. e. p. GIN & ref. Is. 1864 107h
Wash, Alex. & Mt. ". 5s. rs .....
Wash, Alex. & Mt. v. eff. "a .....
Wash, BALTIC. & An. 5s. :. 20 TN
Washington Gas IS. -. 93A San
Washington Gas IS. 100h 100 u
Wash. Ry. & Elec. Is. j 20 7Ok
Miscellaneous Bonds.
D.. c. Paper Mfg. Is. -. 80 .....
Riggs Realty 5s long.. 90 .....
Riggs Realty 5s Short 81 .....
w. NJ. Cold Storage 5s. 80 95
Wardman Park Hotel IS. 99h..
Public Utility Stocks.
Am. Tel. & Tel. ....... 125 .....
Capital Traction ..... 95 95z
Washington Gas $1,000. 40 49R
IN. & w. Steamboat. .l214 220
$ $::$ 8 :. Is Is 81 & e:
National Bank Stocks.
Capital Nat. Ba. nix. l230 1888
Columbia Nat. Bank. $50 $500.
Commercial Nat. Bank. LAO i150
District Nat. Bank. 100 $50
Far. & Mech. Nat. Bank. 1889 ....
sFederal-Am. Nat. Bank. 1913 500.
Liberty Nat. Bank. 140 $50.
sLincoln Nat. Bank. 1850 $500.
That. Metropolitan Bank. 253 800.
Riggs Nat. Bank. ...... 1898 1900
Second Nat. Bank. 158 .....
Nat. Bank Of Wash. 206 l219
Trust Company Stocks.
Am. Security & Trust. 1895 1910
Continental Trust ...... SO so
Merchants Bank -. .f128 .....
Nat. Savings & Trust. 365 .....
4Union Trust ......... 100 800.
Wash. Loan & Trust. $50 49,.
Savings Bank Stocks.
Commerce & Saw. Bank .I190 .....
East Wash. Saw. Bank 20 .....
sSec. Saw. & Com. Bank 275 -.
Seventh st. Saw. Bank. .175 .....
u. s. Savings Bank. :. 1900 49,.
Wash. Mechanics Bank. 80 ..
Fire Insurance Stocks.
American Fire ms. -. .I210 80.
Corcoran Fire ms. 120 49,.
'Firemen's Fire ms. Is $500.
Nat. Union Fire ms -. g 49,.
Title Insurance Stocks.
Columbia Title Ins. z &C.
Real Estate Title ms. 125 -.
Miscellaneous Stocks.
d. c. Paper pfd. T.....1 rs
"Merch. Trans. & Storage los .....
'Mergenthaler Linotype $50 1853
Old Dutch Market com. IL A
Old Dutch Market pfd. S
Lanston Monotype 49,. II 71X
xSecurity Storage 80. .l26O .....
Washington Market :. AZ $780,.
Yellow Cab ........... Sal.
lex. div. Il per cent ex. div.
II per cent ex. div. x6 per cent
ex. div.
The Washington times., 1923-12-29
Local Stocks.
SALES.

Capital Traction Co., 10@95.
Washington Gas Light, 1O@49;
6@49; 10@49; 10@49; 2@49; 100
40; 10@49; 10@49; 2Q4s1s; 100
49A.
After call
Washington Gas IS, '3S, 5000
100%; $500@100%: $300@1001s.
Lanston Monotype, 10@H1s.
Metro. r. r. 5s, $2,000W991s.
The Washington times., 1923-12-29
Chicago Grain Market.

CHICAGO. Dec. 29.-Grains opened
generally higher today.
Wheat started unchanged 70 .
cent higher. with buying by Lead
ing commission house and offerings,
scattered Trade light.
Corn started y cent lower 20 u
cent higher, with the December
showing the advance. May was of-
fered at a decline, but quickly rals
lied, with buying by prominent
house.
Oats started steady to y cent
higher, with a small trade.
4 At Liverpool wheat closed the
short Saturday session sd. higher
to Id. lower. Here opening prices
were:
Wheat-December, $1.01h: May
$1.06N al. OF: July, $1.054s.
Corn - December, 70A@% centg
May. 731k@M cents; July, TAN o.
cents.
Oats-December, AK cents: May
46 cents: July. 421k cents.
The Washington times., 1923-12-29
-Demand.l Cables.
Would Issue Stock.

Marks, four trillion to a dollar.
The Washington times., 1923-12-29

lex. div. II per cent ex. div.
II per cent ex. div. x6 per cent
ex. div.
The Washington times., 1923-12-29

Foreign Exchange.
NEW YORK, Dec. 29.-Foreign
exchange opening:
The Washington times., 1923-12-29
NJ. Y. Cotton Market.

NEW YORK. Dec. 29.-Cotton fll
lures were steady at the opening to-
day, prices being from unchanged tc
Is points higher in response to firm
Liverpool cables.
January opened at 1918, un.
changed: March at $3.50. up IL
points, and May at 1886, up 8 points.
The Washington times., 1923-12-29
Oil Stocks.
by W. B. Hibbs & Co. }

Furnished by W. B. Hibbs & Coz
The Washington times., 1923-12-29
'RS%gqSs BUSINESS AND FINANCE
Curb Stocks.

eEarnlshea b ". 3: Hlhss . co.l
The Republican. [volume] (Oakland, Md.) 1877-current, 1923-11-15
PERSONAL AND LOCAL
NOTES OF INTEREST

Mr.. c. A. Wilt, of near Swanton,
was here on business Saturday last.
Mr.. Milton Rush, of Friendsville,
visited The Republican office last
Thursday.
Mr.. William Bishop, of Terra Alta,
spent several hours in Oakland on
business Tuesday.
Mr.. NJ. c. Clayton, of the Park, left
there this morning for Washington,
D. c., in which city he will remain
for the winter.
Mr. Louis Smearman, of Keyser's
Ridge, was a business visitor to Oak
land on Monday when he called at The
Republican office.
Mr.. Thomas o. Hayes, Of near Bit
finger, where he is engaged as an ag-
riculturalist, spent Saturday in Oak
land on business.
Miss Julia Sarsheld. Of Piedmont,
and her niece, Miss Margaret O Oaran
spent Sunday with Miss Bertha Wolfe
at the lattal's home in Oakland.
The Republican. [volume] (Oakland, Md.) 1877-current, 1923-11-15

Mr.. and Mrs. R. c. Osborn and two
daughters and Mr.. George Hanst, of
MOrgantOwn, spent several hours in
Oakland with relatives and friends on
Sunday last.
Mr.. Willoughby Harrison,w spent
the summer at his farm south of Oak
land, left here Tuesday morning for
Washington, d. c., to remain during
the winter months.
Mr.. Charles A. Deffinbaugh, who re-
Gently resumed the editorship of the
Mountain Democrat, left Oakland this
morning for business trip to New
York City where he will remain for
several weeks.
The Board of County Commission
ers will meet in the office of the board
on Monday, December Bird, for the
purpose of transacting routine bust
ness as will be seen by notice pub
lished in The Republican today.
Mr.. George W. Wilt, of near town,
who was patient in a Cumberland
hospital for several weeks being
treated for injuries received when he
fell florl the roof Of a dwelling being
erected on Second street, was brought
to his home on Monday where he is
The Republican. [volume] (Oakland, Md.) 1877-current, 1923-11-15

Mrs. w. A. Sturgiss left Oakland
Tuesday for Meyersdale, Pa, where
she will visit her parents for a week
or more. Mrs. Sturgiss is making the
trip in her car and will also visit in
Pittsburgh before her return to her
home here.
At the rooms of the Free Public
Library in Oakland on Tuesday ev-
ening a progressive Give hundred
party was given by members of the
association. Quite a large number
of persons were present and enjoyed
the evening.
Mrs. G. Semmes Hamill returned to
Oakland Monday from Cumberland
accompanied by two of her children
Virginia and Edwin, both of whom
underwent slight surgical operations
in the Western Maryland Hospital ir
that city recently.
Rev. E. f. Campbell, pastor of the
Bittinger Lutheran pastorate, has re-
signed the charge to take effect on
November Both at which time he will
return to a charge in Ohio which he
served for the period of six years be-
for ecoming to Maryland.
DR.. Henry W. McComas, who spent
several weeks in New York City re-
Gently where he had been taking a
special course under lecturers of re-
nown, returned to Oakland last Fri
day morning, accompanied by Mrs
McComas, who had gone to Baltimore
the week preceding to meet him upon
his return.
Recently many hunters have been
in camp near Bayard, West Va, ~
miles from Oakland on the Potomac
river. Andrew Knots, of Thomas, w.
va, was fortunate on last Saturday
in killing a bear that weighed 139
pounds and Jack Martin on Monday
landed a fine deer. Hunters in camp
are from Philippi, Martinsburg, Key
ser, Thomas, Davis and Elkins.
The work of grading the road from
Crellin toward Hutton is now being
done by the contractors having the
contract to reconstruct the road As
a result of this activity the road is
impossible and persons desiring to
reach Hutton from Crellin come to
| Oakland and drive to the former place
over the river road, which is said to
be in splendid condition.
Assemblyman-elect Elliott c. Har-
vey, Of District No. was in the city
Tuesday morning, having come over
10 see his many friends who contrib
uted very largely toward his election
as a member Of the House If Dele
gates at the election held Tuesday Of
last week.
The Republican. [volume] (Oakland, Md.) 1877-current, 1923-11-15

Mr.. E. s. Evans, of Terra, is spend
ing the day here loollin gafter his
business interests.
Miss Mary Harsh is on a visit to
relatives and friends at Uniontown,
Pa, this week.
Mr.. F. H. CorIiss, of the Youghio-
gheny Power Company, is spending
today in Cumberland on business.
Miss Ella Beckwith, of Keyser, W.
Va, came to Oakland on Wednesday
last to remain for an indefinite period.
Mr.. and Mrs. NJ NJ. Schrock of the
Park, will leave tomorrow morning
for Cocoa, Florida, 70 spend the win
| ter.
Mr.. David w. GiIpin, of Meadow
Mountain, near Swanton, was a cal
Ter at The Republican office Tuesday
afternoon.
Mrs. James Brock, who resides at a
point near Grafton, West Va, is here
on a visit to Mr.. and Mrs. Wade H.
limbaugh.
FOR SALE-One coal heating
stove, kitchen cabinet and davenport. |
w. R. Falkenstein, OakIand-Adver-
tisement 38-tf.
Have you ever worn a Spirella cor
set? If once worn, always worn. You |
can be measured at the Ladies Shop, |
Terra Alta, West Na.-Advertise-
ment 38-tf.
Mrs. Lloyd C. Shaffer has returned |
home from an extended visit to rela-
tives and friends at various points in
Pennsylvania, Maryland and West |
Virginia.
Mr.. and Mrs. W. c. Huntington and
their daughter, Miss June Dunning-
/ ton, have gone to Washington for the
winter, having left the Park this
morning in their automobile.
!
M, and Mrs V T Moore of Ken,n-
~. 49, Co.,s,.le,,. ,,,'.,,,,;,,. H., 49,
tor for points in Florida where they
a>,,oo+ - sno,,d +ho ,,i,,+o,. ,,on+hs
Mr. Frank McRobie, of near Swan
ton, who is one Of the few surviving
Garrett county veterans of the Civil
Saturday when he called at The Re
nuhlican office
Mr.. Cody Blggs, OF near Gonna
MIA, West Va, VISITED The Republican
office on business tuesday, beng ac-
compamed by Mr. John W. Blamble,
OF near wilson, west va, VINO was
Miss Rcbecca Naylor, who recently
returned to her home in Oakland from
school at Delaware, Ohio, on account
of illness caused by an attack OF pleu-
ilSS' lCIV AOI llSI SNllOOI Cto'bS'N iiloi IL
ing, having fully recovered.
MT. Lawrence ~ DlNoh spent yes
terdaE IN baltimore locating mar
ket Tor thanksgiving poultry. lie
that he had found place in the city
for turkeys and chickens at good
prices.
Inc Baltimore ana ONO railroad
Company announced on Monday that
II had placed ORDERS lof ooo all steer
hopper cars ana ooo steel under
frame ooX cars with the Pressed oteel
Gar company OF Mchees ROCKS fa''
ana the American Gar ana fouhdry
company, Berwick "a respectively
~,
'eaoio, Oll"i Ie' = MY >,
anu WI L. " 'il'1I' ~ tre Oo''iu u
uii g wi D VI ''ie ''>I,'''0 '''''i'
The Republican. [volume] (Oakland, Md.) 1877-current, 1923-11-15

Subscribe Tor The Republican
Evening star., 1923-12-22
CHURCHES TO Join
IN YULE PROGRAM
President, Cabinet, Diplomat
.ic Corps and Others Asked
=. -. to Attend.

a Union Christmas service. in
which all the Protestant denomina-
tions will participate, and which the
President and Mrs. Coolidge, mem
bers Of the cabinet, of the diplomatic
oerps, of the Army and the Navy and
OF the courts and Congress have
been invited to attend. will be held
at the First Congregational Church
Christmas morning at IL o'clock un-
Federationof Churches.
Message By Bishop.
The Christmas message will be de-
ltvered by Bishop William r. Nc
Dewell of the Methodist Church. 9th
sFs taking part in the service will
the Senate; Rev. DR.. w. S, Abernethy.
pastor OF Calvary Baptist Church and
of the late President Harding; Rev.
DR.. Clovis c.. Chappell. pastor of the
Mount Vernon NJ. Z. Church South;
Rev. DR.. Earle Whitley. pastor of the
Vermont Avenue Christian Church:
OF the First Congregational Church,
where the President and Mrs. Cool
tdge are regular worshippers: Rev.
Dr. George NJ Diffenderfer, president
pastor of the Luther Place Memorial
Church, and Rev. DF. j. Shera Mont
Eomery, chaplain of the United States
House OF Representatives.
Arrangements have heen made to
have all the ministers OF the city eA-
tend invitations tomorrow TO thier
several congregations to join in MAX
ing this a memorable event in the
history of Christmases in the Capital
City.
Evening star., 1923-12-22
SERVICE OF LIGHTS
WILL BE REPEATED
st. Marks Church Entertainment
Arranged for Evening
of January 6.

The Service Of Lights. which was
held January last, will be repeated
in St Marks Church, Sd and A
streets southeast, on the feast of
the Epiphany: January g.. at pm.
st. Marks recently is expected to
make this service more impressive
this time.
The Service of Lights aims to teach
the people the joy and significance of
spreading the light of Christ by the
light of their lives and so give them
the impulse and inspiration to carry
His Light" and message out into the
darkness and indifference Of the world.
;, The service STAR starts with the light
ssnted by a great candle upon the
altar, but in order that the full his
tortc continuity of the church may
be appreciated. the promises OF the
prophets are read as an introduc-
gospel OF St. John. telling of "the
chancel appears in the east. an
earnest Of these promises, and the
three wise men walk down the aisles
OF the church following the light
of the star and present their gifts
at the altar. From Christ the light
spreads to tho twelve apostles, rep
resented by twelve candles held by
twelve men tvested) standing at the
communion rail and as the passage
from Matthew is read, calling the
apostles. naming them by name, each
goes forward and lights his candle
from the great Christ candle upon
the altar and. having lighted it,
leaves the candle upon the reliable
From the twelve apostles gradually
developed the historic ministry of
bishops, priests and deacons Men
representing these three orders. each
with a candle, stand at the side or
behind the apostles. who. having re-
ceived their light from Christ, now
pass it on by lighting the candle of
the bishop, who, In his turn, lights
the candles OF the priest and deacon.
and then all three orders of the
ministry. light the candles. first of
the choir and then of the congrega-
ton.
AS the persons on the end offs each
pew receive their light, they. in
turn. light the candles of their
neighbor and SO on to the end of
the pew-thus each receives and
spreads the light. When all the In
diyiduals' candles are lighted (the
church having been previously dark
ened), the choir leads in the re-
cessional around and out of the
church, the congregation following,
still carrying their lights: with the
aim of carrying them as far as
possible out into the darkness OF the
world.
Evening star., 1923-12-22
CHRISTMAS PAGEANT.
Sunday School Of Washington
Grove to Give Program.

The Methodist Episcopal Church
Sunday School at Washington Grove,
Md. will present a Christmas pageant
White Gifts for the King" at the
assembly hall tomorrow evening.
This pageant comprises episodes
leading up to the presentation of
white gifts" Of clothing, food, toys
and money by members of the Sum-
day school for worthy causes in
which the school is interested. These
include aid to a pastor in Tennessee
as well as to the family of a de-
ceased minister in tho same state,
both cases being well known to Rev.
Clarence r. Corkran, pastor of the
Washington Grove Church.
This feature Is somewhat Of a de-
parture from the usual custom. where
the members of the Sunday school
and their friends are the recipients
of gifts from the school. The pa
geant Is in charge of Mrs. o. Z. Ian
caster, formerly of Foundry Meth
odist Church of this city. 1t is ex-
pected that j a number of Washing
ton people will attend the service,
particularly those who have summer
residences at Washington Grove.