oc-plain-dealer 1924-08-21

STOCK MARKET QUIETER TODAY NEW YORK, Aug. 21.—Trading in the stock market was less spectacular than in the last two sessions. There were fewer excursions into new high price territory by industrial stocks; less profit taking selling pressure and apparently the bullish pools were content to allow their stocks to follow their own course today. With industrials displaying less irregularity and particularly the oil stocks unaffected by the cut of 15 cents a barrel in Pennsylvania crude oil, the rails took on a more active aspect, and under the leadership of Southern Railway, prices advanced to a slightly higher level. The most pronounced exception to this rule was St. Paul common and Pfd., which declined sharply on reports that the management was having great difficulty in arranging for the refunding of its $48,000,000 of 4 per cent due in June of next year. The bonds were weak today in the listed bond market. The general advance in industries was not without opposition by the shirts who were actively seeking soft spots to renew their selling for the decline. Wilson & Co. common and preferred offered one such target for bearish operations; General Electric gave ground in that early trading; Mack Truck receded about three points on announcement that new stocks would be put out at 30 in the ratio of five to one of existing outstanding stock; American Can displayed some disorder in treating about 4 points from yesterday's high, but the bulls were in the saddle throuch the bulk of the session and were apparently not yet ready to relinquish their firm grip on the present price structure. New favorites were pushed to the front tuesday as trading broadened out in the third hour Jordan and Nash motors joined the motor group, the former making a new high at 31% and the latter adding nearly 10 points to its which is an indication that bankers' credit will not always be going begging. Stock sales today, 1,043,400 shares; bonds, $12,951,000. GRAIN CLOSES OFF CHICAGO, Aug. 21.—Irregular at the start, with some early strength in wheat, today's grain markets sold off sharply toward noon and at the close showed bigger drops than for some time. Wheat closed % to % lower: Corn closed 3½% to 4½% lower. Oats closed 1½% to 2½% lower. Provisions were inactive and lower. FRUIT SALES (Calif. Fruit Exchange) Boston: Easier oranges and lemons; oranges $5. to $6.10, lemons, $3.60 to $5.85. New York: Slightly lower 100 to 216, higher spots 250 smaller, better lemons; oranges, $5.15 to $7.60, lemons, $3 to $5.15. Pittsburgh: Steady oranges, easier lemons; oranges, $4.55, lemons, $3.95 to $4.05. NEW YORK CITRUS NEW YORK, Aug. 21.—Twenty-three cars valencias and six cars lemons sold. Valencias doing better on 262s; very little change other sizes. Lemon market doing better. Valencia averages ranged from $4.70 to $7.60; lemons, $3.75 to $5.15. LOS ANGELES CITRUS LOS ANGELES, Aug. 21.—Orangges: Southern special brands, large sizes, $5.50@6.25; medium sizes, $4.50@5.25; 200s and smaller, $3.25@3.35; market pack, $3.00@3.50. Lemons: Syecial brands, $4.50 @5.00; choice, $4.00@4.50. Grapefruit: Local special brands, $4.25@4.50; market pack, $2.75@3.25. BANK CLEARINGS San Francisco ... $30,400,000 Seattle ... 6,032,849 Portland ... 5,811,831 Oakland ... 2,473,600 Long Beach ... 911,238 San Diego ... 698,734 Los Angeles ... 20,677,751 TELLS PLAN FOR ATLANTIC FLIGHTS (Copyright 1924, by International News Service) FRIEDRICHSHAFEN, Germany Aug. 21.—The moment I lay liver the ZR-3 to the U.S. Navy authorities at Lakehurst, N.J., after a safe and satisfactory flight across the Atlantic ocean, I will be the happiest man in the world and consider my life's worth crowded." Sitting with the International News Service correspondent on terrace overlooking Lake Concord on the other side of which glistened the snow-capped Sw Alps, Dr. Hugo Eckener, veterian Zeppelin navigating instructive and commander of the ZR-3 unit at the moment he hands it over to the United States, today broke his silence for the first time. Dr. Eckener who is famous for his reticence, told the reporter that terrifying him facts about the gray monster lying in a vast shadow on the other side of this town. A few weeks the eyes of all the civilized world will be on Friedrichshafen as the historic flight of the ZR-3 will begin here. Eckener is a big man, of powerful build. He has large blue eyes and a tiny goattee. Upon his shoulders rests not only responsibility for perfect construction since he is the chief executive of the Zeppelin works, but also for a safe flight across the Atlantic. This man who has taught him dredges the game of piloting digibles and who will command the great queen of the air, is indentedally, a wizard at music. He knows every Beethoven conata and symphony by heart. "My estimate is that we will start for America about Sept. 18 said Eckener." "Of course," it depends on the weather. If necessary I will wait until the end of October. If we cannot fly then we will be unable to get away this year, for it will be too stormy over the Atlantic in November and the subsequent winter months." ing outstanding stock; American Can display some disorder in retreating about 4 points from yesterday's high, but the bulls were in the saddle through the bulk of the session and were apparently not yet ready to relinquish their firm grip on the present price structure. New favorites were pushed to the front today as trading broadened out in the third hour. Jordan and Nash motors joined the motor group, the former making a new high at 31% and the latter adding nearly 10 points to its recent gains and selling up to a new high at 126½. General Petroleum moved into the leadership of the oil stocks on the excellent showing made by the annual report of the company, published today. The stock sold up two points at 43 and imparted strength to the rest of the oil shares. Pan-Americans dropped back into second place, but Standard Oil were steady, and independents, like Coden, Marland, etc., made a better record than yesterday. The oil industry is looking for further cuts in crude oil prices, and the storage as well as the production system is not encouraging. Outside markets were inclined to be reactionary, with slightly lower prices in grain and cotton; an early decline in foreign exchange quotations followed by a good recovery in sterling; a decline in prices of liberty bonds, and industrials: a slight advance in rates for bankers' acceptances, BANK CLEARINGS San Francisco ... $50,400,000 Seattle ... 6,022,849 Portland ... 5,811,831 Oakland ... 2,473,600 Long Beach ... 911,228 San Diego ... 698,734 Los Angeles ... 20,677,751 LOS ANGELES PRODUCE LOS ANGELES, Aug. 21.—Butter, 43c. Eggs: Extras, 38c; case count, 35c; pullets, 33c. Poultry: Hens, 14c; broilers, 33c; fryers, 25c. LOS ANGELES POTATOES LOS ANGELES, Aug. 21.—Potatoes: Stockton Purkanks, $2.25 @2.35. OPEN ORE. FORESTS TO DEER HUNTERS SALEM, Ore., Aug. 21.—Governor Pierce today revoked his proclamation closing the hunting season until Sept. 20 and re-opened the forests of the state to sportsmen. Hunting season was to open yesterday, according to statute, and the effect of lifting the ban is expected to be shown in thousands of hunters taking to the woods immediately to shoot deer. LEAVES $600 The will of Reginal C. Johnson, 23, of Yorba Linda, filed for private today, leaves an estate of $6300 to his mother, Luella Johnson, and brother, Rosa Johnson, 27. The estate consists of an interest in a ten-acre ranched jointly with the brother Death came June 4. The will was drawn in February, 1923. Jackson's Men Wear S 181 W. Center St., Anaheim, Calif. Well Dressed to That Boy of Like his daddy and older brother, the boy ginning to take as much pride in his apples as his marbles and his baseball. Styles that for the fall lines are of high interest to and from every angle. Boys' 2-Knicker Suits Norfolk coats, Alapaca lined. Pants well lined. All seams taped. Boys' Sv in both the pullever button fronts. All w From— KAYNEE Blouses Fast Colors $1.00 Caps of all kinds $1.00 & $1.50 Our Boys' Dept. is the finest in Orange County. An entire mezzanine floor contains a high grade, complete stock of Boy's Clothing and Furnishings. Everything conveniently arranged. Courteous service of the highest type prevails in this department. We not only make the sale but look after you, and in every way make you a satisfied customer. NECKWEAR OF ALL COLORS ..... 50¢ Suspenders and Belts FROM ..... 35¢ KAYNE SHIRTS With Collar and Neckband style ..... $1.50 JACKSON'S MEN WEAR SHOP "Your Money's Worth Always" 181 WEST CENTER ST. PLAN FOR ATLANTIC FLIGHT (ight 1924, by International News Service) DRICHSHAFEN, Germany, 11.—"The moment I depose ZR-3 to the U. S. Naval ties at Lakchurst, N. J. safe and satisfactory flight the Atlantic ocean, I will happiest man in the world consider my life's work." Using with the International service correspondent on a overlooking Lake Conmon the other side of which and the snowcapped Swiss Dr. Hugo Eckener, veteran navigating instructor Commander of the ZR-3 until ment he hands it over to United States, today broke his and his silence for the first Eckener who is famous for ceence, told the reporter inting him facts about the monster lying in a vast shed other side of this town. In weeks the eyes of all the world will be on Friedafen as the historic flight ZR-3 will begin here. Miner is a big man, of powbuild. He has large blue and a tiny goatee. Upon his ears rests not only responfor perfect construction, is the chief executive of capelin works, but also for flight across the Atlantic. Man who has taught hunne game of piloting diriand who will command the queen of the air, is, incliy, a wizard at music. He every Beethoven conata and by heart. Estimate is that we will America about Sept. 15." Eckener. "Of course, it all on the weather. If neceswill wait until the end of If we cannot fly then be unable to get away or, for it will be too stormy Atlantic In November and sequent winter months. IMPERIAL FEELS WATER SHORTAGE EL CENTRO, Aug. 21.—For the first time in eight years the sharp tinge of a water shortage has thrust itself upon the American farmers of Imperial Valley. "It demonstrated more forcably than all arguments why we should have Phil D. Swing remain in congress and get the All American Canal," said Mike Leibert, pioneer rancher of Seelcy. "Now the Mexican land owners get their needs and we get the rest although the water is diverted from the Colorado River on American soil, every drop has fallen on American territory and belongs to Americans by right." The water is being pro-rated to the American farmers in Imperial Valley and the shortage may cost a very great loss to the cotton crop now ready for picking. "But there will be no water shortage in Mexico," added D. F. Harlbison an old time farmer living near here. Imperial Valley demonstrated Monday to San Diego that she wants Phil D. Swing to stay in congress and if that county now falls to endorse him with a substantial majority it will demonstrate that all their protestations of friendliness to the back country were vain platitudes." said Earl C. Pound, president of the Imperial Irrigation district who was one of the 6,000 in the parade there. Pound firmly believes, however, that San Diego will stand by Swing and the valley. BACHELOR OFFICERS RECEIVE BACK PAY LOS ANGELES, Aug. 21.—Hundreds of bachelor officers of the U. S. Navy will at once receive back pay aggregating hundreds of thousands of dollars, previously withheld from them because of Controller General McCarl's ruling concerning dependent mothers' allowances, as a result of a ruling of Secretary of the Navy Wilbur received here today by radio. Secretary Wilbur expressed the opinion that in accordance with a RECEIVE BACK PAY LOS ANGELES, Aug. 21—Hundreds of bachelor officers of the U.S. Navy will at once receive back pay aggregating hundreds of thousands of dollars, previously withheld from them because of Controller General McCarthy's ruling concerning dependent mothers' allowances, as a result of a ruling of Secretary of the Navy Wilbur received here today by radio. Secretary Wilbur expressed the opinion that in accordance with a supreme court ruling the salaries of the navy officers may not be completely withheld arbitrarily to effect claims of the government. As a result, the navy paymasters were instructed to at once pay the bachelor officers, whose salaries previously had been completely held up by the controller general, 80 percent of the amount due them. SUIT FOR DIVORCE Mrs. Laura Rosemond today filed suit for divorce from Henry A. G. Rosemond, charging failure to provide. They married in San Bernardino-co March 27, 1912 and separated Oct. 19, 1922. $300 LIQUOR FINE Jack Richardson, 35, cook, San Juan Capistrano, paid $300 fine to his fellow townsman, Justice Jack Lindell, sitting for Justice Cox at Santa Ana, today on a charge of possessing Honor. The sale was made to Deputy Sheriff Harold Cox at Laguna Beach. Wear Shop neim, Calif. ressed to School at Boy of Yours older brother, the budding youngster is be- much pride in his appearance as he does in baseball. Styles that we are now showing of high interest to the boys in every way le. GARDEN GRO WILL BE SOLD A Saturday At 2:3 DRIVE OUT TODAY—M HOW TO Follow Opportunity Lot Signs to Garden 300 Select your lot and make reservations now, as by shrewd investors looking for homesite have sold f Remember---Never in The Has there been offered you an opportunity thriving town of over 3000 population at suc Boys' Sweaters both the pullover and ton fronts. All wool. $350 Boys' Stockings that keep their color. The best. 3-4 and long. 50c Underwear Both Knit and Nainsook YNE SHIRTS Collar and band style ... $1.50 ON'S SHOP Always" ANAHEIM .CALIF. Select your lot and make reservations now, as by shrewd investors looking for homesite have sold f Remember---Never in The Has there been offered you an opportunity to thriving town of over 3000 population at suc business houses of every kind, and over $2,000 THINK OF IT Garden Grove southeast of miles west of Santa Ana, and only 30 minute California. This is positively your last chance ONE LARGE CORNER LOT 50 ft. frontage $399 Buy While You If You Haven't All C Edward P. G 2204 East First St. PAGE THREE Auction! Auction! WINING LOTS IN WARDS ADDITION ON WRIGHT STREET ARDEN GARDEN GROVE SOLD AT PUBLIC AUCTION Saturday, Aug. 23, At 2:30 P. M. OUT TODAY—MAKE YOUR RESERVATION NOW HOW TO GET THERE Not Signs to Garden Grove—Then Go South on Wright Street, 300 Feet to Tract reservations now, as the remaining lots are going to be snapped up fast looking for homesites and investments, as many lots in this vicinity have sold from $750 to $1000. ever in The History of Southern California you an opportunity to buy one or more such fine building lots right in a population at such rock bottom prices. Fine schools, churches, banks, reservations now, as the remaining lots are going to be snapped up fast looking for homesites and investments, as many lots in this vicinity have sold from $750 to $1000. Never in The History of Southern California you an opportunity to buy one or more such fine building lots right in a 100 population at such rock bottom prices. Fine schools, churches, banks, banks, and over $2,000,000 annually pouring into this prosperous city. IT Garden Grove is on the main line of the Pacific Electric, 28 miles southeast of Los Angeles, only 4½ miles south of Anaheim; 8 and only 30 minutes drive from Long Beach over the finest boulevards in relatively your last chance to buy these lots at private sale for $399. TWO FINE BUSINESS LOTS Only $399 Remaining Residence Lots 45 ft. frontage only $399 While You Can at Only $399 You Haven't All Cash, Terms Can be Arranged Ed P. Garretson, Owner Long Beach Telephone 314-382