k NOUO FO BALS

[ FIND YOUR HOME IN THE

A sis-ear-s house; S rooms. hallWd1e bath; hot-waLer heat. S0^Wa4wed trim; laundry trays; fr.at

perseh; deep Fard. with two-car garage-MOKUBVER A 003.

I 1606 lye street. Main 4762.

$7,550.brick home, is good section; Bsi-

yoosg *ad bath and spacious frontmorbh; bot-water heat. electric lights;

nicely finished inside; screensand awals ; space for garage. Youwill like tI property.

MeKSVVER & WOll.1406 Bye Street. Main 41112.

I 34a Eys StreL

$8.600--On Lexington at. N. E.; 6 rooms.large attic, hot-water beat, electric

lihts, ga^ hardwood Soore, hardwood Sn-ed all through; cement porch; 3 large

colonial porches; plastered ceiling in thecellar. cold storage. built-in icebox. in-stantaneous hot-water heater; mervast'stoilet; room for garage; house Is practicallySew and built by Kennedy & Davis; Io-bated on one of the prettiest streets in thecity; convenient to the busiess part of thecity and stores and schools; owner mustand will sell at once if possible, as be isleaving the city; one of the eame kind of ahome has just been sold recently for $9,600.

08.600-11-room house at Lincoln Park;beautiful corner property; hot-water heat

sd two bathe.If you want a home. I have a

great many for sale. See my sales-men at once. But I have nothingbetter for the price than those ad-vertisod above.

J. D. GARMAN,District Nat. Bapk Bldg.

'SIX-ROOM frame; water and gas; conven-lent to Navy Yard. Inquire 138 13th a.

$4,250-TERMS.Nice six-room and bath bay-window

brick home; ose of the b-st streets ofNortheast; convenient to everything. Abovethe average at this rice. See this at once.

12 N.D. J. DU IGAN,1821 N. Y. Ave. N. W. Main 1267OR SALE-7-room house, Chevy Chase.Md.; near car line. Call Cleve. 968. or

call at 205 Raymond mt., C. C.

RANDOLPH PLACE NEAR lot N. W$5,500-A fine bay-window m)dern brick

home of 6 rooms and tiled bath;furnace heat, gas water heaterand large yard to wide alley: one

of the best streets in Blooming-dale section. Only $1.000 caah.balance easy.

KY. AVE. OP,-OSITE L. PART$6,000-A bay-window home of 6 large

rooms and bath; furnace heat an,lfine dry cellar; just across frombeautiful Lincoln Park. A prettyhome at pro-war price and only$1.200 cash and $35 per month.DAVIS & STEELE,

1420 N. Y. Ave. N. W. M. 6082.

SS.000 ($200 cash)-6 rooms, bath; h.-w..; colonial style. $6,600 t$350 cash)-4

rooms, bath; h.-w. h.HOME REALTY CO.,

403 Sth St. N. E., Ltn. 6110. *

WI.L EXCHANGE FOR HOUSE. will as-sume first mortgage; high-grade 6-ton

truck; what have you?Particulars. P. 0. Box 1376.

FOR HOMES AND INVESTMENTS"See MAHORNEY & SULLIVAN

They Know Washington."1527 Eye treet N. W. Tel. lain 7121.NATIONAL REALTY CO..

( City and Suburban Homes."A home for every family."

Bond Bidg.. 14th and N. .Ave M 7807.

SURURBAN FOR SAIE

OWNER. having purchased farm. must sac-rifice her beautiful and modern suburban

home near city; just completed; 6 roomsand bath, electricity, modern heating plant,gas, city water and sewerage; spaciousporches front and back; 2-story garage;large grounds; plenty fruit and shade;right on street car line and pike; 6 milesfrom Capitol. Price only 36,500; $750 cash.

WM. H. McGRANN CO.,722 11th st. N. W.

Farms and Country Homes.On Trolley and Boulevard, for Sale.

ON EASY TERMS.One new modern bungalow, 7 rooms,

$4,500.One large house, 14 rooms; 6-room tenant

house, barn and other outbuildings; fruitand flowers; COMPLETELY FtRNISHEI);suitable for gentleman's home or road-house; plenty fruit; finest shade; ten milesfrom city. Easy terms.

WM. DE MOTT,Phone Berwyn 23-1.

Exclusive Agent, Berwyn, Md."HOMETTE.' at Hatfield, Va.-New, 4rooms. fine well, lot 60 by 140 to alley;

immediate possession; few hundred down,balance like rent. Price. $2.776. Can get3 adjoining lots on same payments. Mustbe seen to appreciate-. Alsoi "~nc sit.-"and business locations, $260 up. 110 de-poelt; $5 monthly. Will erect dwellingsand stores; easy monthly paymients. Salesagent on premises every day. R. S.ROBERTS, Hatfield, Va. Eighteen ipin-Utes from 12th at. and Pa. ave. N. W.

RIVERDALEB3etween car line and Baltimore boule-

yardl; six-room house; a. m. I.; threeporches; garage; large lot. Terms byowner. 35i II et. N. W. or phone Main 1021,

et and6._m.FARMS FOR SALE

FOR SAL,E-Some good bargaIns In farmsworth the mone-y- -not war prices.Ill acres. 1% miles from station, good

6-room house. bsnk barn, nice hog and henhouses, most all kinds of fruit. Price,$3,750. Easy terms.On Pike. 10 31-4 miiles from WashIngton. 2

miles from 3 troih-ys, IS acres, nice 7-roomhouse. Porches on :I sides, good well, nicefruit of most all kinds. Price, $6,600. Easyterms.Near Vienna, 74% acres, 10-room house.

bern. silo, nice fruit. P'rlce 19.000. Easyterms; will consIder exchange for Washing-ton or suburban property.

Nice dairy farm. 4 suquares from trolleycat Fairfax. on macadam road. 7-roomhouse. 102 acres in high state of cultiva-tIon, barn, silo ir.nd other necessary out-buildings. This farnm is now operated asa dairy farm. Price. $20,000. Reasonableterms; will consider an exchange for Wash-ington or suburban property.A nice home on the pike, 96 scres. 2%

mUds from Irolley, 7-room house, fineporches, open fireplaces, bath, water inhouse, beautifUl lawn, good barn, silo, othernecessary outb.uiildings. 6-room tenanuthouse, two orchards, well fenced andwatered. Price, $10,500. Will consIder enexchange for Washington or suburbanproperty.

Nice little farm on macadam road. 1 milefrom station, contain. 20 acres. 4-roomhouse, barn, other necessary outbuildings.stocked with I horse, buggy and harness.wagons, good cow. i0e chickens, all farm-ing 'implemnents and feed on place, fors3,6'0.;1% miles from trolley. 45 acres. 4-roombungatow, good barn end hen house. nicefruit. stocked with two horses. one-horewagon, harnes., farming implements andait feed on place. Whei.at and rye crop in.Price, $2.600. Easy terms. Would con-sider an exchange for Wsshington or sub-urban propety.

If you want any kind of country or citypropety, It will pay' you to see me. J. FJNRMAN. 21--326 fHond Ildg. t'all orphone between 4 anid 6 p. m. Phone ..

yLORilA. Touists, capitalIsts sod invra-torg. meto rte Lauderdale. East

Coast i prfs;pardie trpca clmate;grew vegetables hit winter, Evergiade lddrich as manure: big crops corn and sugarcae lend now $36B cre. wvill be worth

-10free pan1orama views our countryTodtitI|TH' P-ROMOTIO. "0.. Fort Lauder.

iNENy foe virginia farm list. homeseehere.: DEPT. 267, Enmporia, Va.

MgUEV3 VOR .ALS

Main 471

BE NORTHEAST BARGAINS$9660.

A modern home Is Bloomingdale; SIRress and bath; fron$ an double rearperches; hot-water heat, electric lights.$paiafr garage. Can be bought forsiWinItial psymeat and $60 per month.

McKEVE G&011.1406 Bye Street. Main 4761.

$6,750.A brick hones. with colonial front

porch; sia rooms apd tile bath. %.ryup to date, with hot-water heat. elec-tric lights. hardwood noors and trim;double rear parches; laundry trays;garage space; small cash payment.

McKUEVUR & OUdd.1406 Eye Street. Main 4762.

t a 00"8

Maia 475,

FARMS FOR RENTFOft RUNT-River bottom farm nearWashington. OWNER. 434 P'ark rd.

PROPERT WANTEDJOHN V. DONOHOE & SUN.314 Pennsylvania Ave. It. E.

Lot Vm Submit Our List of Homes andInvestments before You Purchase.

WE WANT MORE iOUSEM FOR tAlE.Owners of property desiring to make

quick sales should list property with usat once.WM. P. NORMOYLE. 011 le at. N.

LOTS WANTEDNICE LOT in N,'. suburbs not too far

odt; give very lowest price for cash andexact location; I mean business but will notpay fancy prices. BOX 318. Times office.

REAL ESTATE LOANSIF YOU HAVE good second trust notes to

sell, I can sell them for cash. I can placeyour first trust money where it will payyou 6 and I per cent.

J. GARMAN,District National Bank bldg.

$600,000 for purchase of second trustsand mortgages on District of Columbia

and nearby Maryland and Virginia realestate. Large amounts a specialty.

L WALTER WEED,1413 H It. N. W

MONEY TO LOAN-1120 to $600.000 on 1).C. real estate. Several trust funds. A&a

transactions conducted with economicalconsideration for borrowers.

WM. H. SAUNDERS & CO..Southern Building. _07 16th at. N. W.

CLAIRVOYANTSLiensed by the District ol Columbia

MME. PARKER,Gifted Clair%uyv.ut and Medi%m, can tellyou anything you wish to know in busi-ness. health or family affairs. When andwhom you will marry, what to do to besuccessful in life, and how to win and holdthe one of your choice. S*itifaction or nocharges. 1211 E at. N. W., bet. 12th and13th.*

DIFFI'T' 5T VRov A' . (ITIIERS.MARTHA SPENCER,

ONE.. -t I)ISTIN-GUtS 1'> .\iLNTAiL S iItIC MED-

STUDIO, 924 14th St. N. W.CONS i. I'lib Uil I L. I.A. A.Nw BECONvINCEJ PERSONALLY OF TilEHONESTY AND SINCERITY OF HEUWORK. Without asking a luestion shewill tell you the object of your call. yourname. namej of friends. relatives and ac-tual facts concerning your life and circuim-stances which you know to be absolutelytrue. THE MADAME WILL REFUSE TOACCEPT ANY FEE UNLESS SHE GIVESTHE UTMOST SATISFA.CTION. Immedi-ately benefited and permanently helped byconsulting her at once. Hour4, 10 to I. Cutthis out for future success and reference. *

ACKNOWLEI)GED TO HAVE NO EQUAL.MME. CARLETTA,

MEDIUM AND P1ChiC MENTALIST.INSPIRATIONAL LIFE READtER.

TELLS YOUR NAMESTUDIO, 1220 G ST. N. W.

Without asking a question tells you thecause of your trouble and how tI perma-nently overcome It; tells names of friends.enemies. If friends, husband, wife or mwo et-heart are false -r true; who to trust, whoto avoid. REUNITES SEPARATEL), WiiOAND WHEN MARRY, IF EVER. *

MME. JEANETTE.626 F STREET N. W.

Gifted Egyptian clairvoyant and palmist,guarintee to read your entire life. past.present and future. She asks no questionsbut will tell you what you want to know.giving names. dates and facts on businessmatters, love. health and family affairs.Tells the name of who you will marry andwhen. If the one you love is tru., or false.what part of the country is lu,kiest fory.,u, and just what to do to be sucessfulIn life. Brings the separated together, re-mtoves troubles of all natures x,j you canwin and hold the one you love. Specialreadings. $1. 626 F at. N. W., between 6thand 7th, next to Shubert-Garrick.

PROF. BELMONT.Noted Clairvoyant and Palmist, can read

your life by the lines in your palm, whichare the record of your life. Being a grad-uate of two colleges of palmistry, and hiswonderful gift of second sight enables himto lift the veil of mystery and reveal toyou important matters of your future life.Gives advice on businebs matters, love,health and family affairs, tells name ofyour future husband or wIfe; tells if oneyou love Is true or false; what part of thecountry is luckiest to you; what to do tobe successful in life; removes troubles ofall nature; brings the separated together;tells the secret of having personal Influ-ence with your associates. Prof. BelmontIs a Psychologist of World Renown. Read-Ings. II. 1216 New York ave. N. W., nextdoor to !iasontic Temple.*

,MADAM D'ASHMANCLAIRVOYANT. CRYSTAL. GAZER 'ANt'

CARD READER.ThIs gifted lady will tell your fortune on

love, marriage, divorce, changes. reunitesthe separated, helps you to win back lolllove. happIness and business. Frank. 424.

733 13th, Between G aud H.Sunday. 2 to 7.*

50c MADAM ALLEN 50cCLAIRVOYANT AND PALatIST.

Guarantees to read your entIre lfe-past,present and future; gives trtue advIce onbusiness, love, health and family affaIrs.Speclat readings, 60c. Between 5th and 9th.512 F ST. N. W. DAILY AND SUNDAY.

KNOWN ALL OVER THlE WORtL.).MARY A. BAKER, PALMJST.You will be surprised by paying ne a

visit. Hours, 10 a. in. till 9 p. m. Weekdays only.

60e 1235 5th at. N. WV. 60cMADAMiFQNNDIA.Egyptian palmist and claIrvoyant hae

an insIght of human nature and born wItha natural gift to tell your past, presentend future family affaIrs, business andlove; tells the name of the one you wIllmarry and when; removes evIl influencesand brings the separated toget her. shehas hell,ed others and can help you, tellsjust what you want to know. Rteadings.60 cents,

309 7th et. N. W. Opposite fiske. *

MADAM K., PALMIST.HIss dons good for me, and will do good

for others that wish to call. 712 6th II.N. W. __ _

MADAM VASiTI,PAM1T AND CL.AlRVtoVANT.

50c-SPECIAL READINGS-50eTells you anything you wish to krnabo,ui your past, prerent and future, of

your luck, love, husiness. health andl fam-ily affairs. 127 5th et. N. W. tNear Rialto)

e

MADAME SELIAEgyptisn Palmist and Mediuim.

Gives true advice you can doe nd on inbusiness, love, health, end farnml affeirs;tells the nsme of future husband or wifeand how to win the one you love; makesup lovers' ntlarrels or fantily troubles. r,--unitee the seperat.d and makes happInessin yoir home; tells What bustness Is luck-llest for you and how to gaIn success In'snything lou take in hand; If you are,has-log bgd lock or trouble consult Mm. Nelli5he can help youl. satisfactIon gusrante cdP'hene Franklin "37-J. Readings daIlband sunay 53 th et. N. W., near Eye ci.

SPECIAL. READ)INGS, S.l,TWO WasaEEKU ,LY

EBUCATIO0MAl.

n..,awo.

1.ANUANUt hnathesn0at1cs. phyoica. chetastry; iadividuoa Instruction. day sud

night. Columbia. 5lil Myo . N. W

IIANO, violim, vole. pianu for practit"free; public speaking. ;. 7669. nighta *

Vw PMMONN join anali class shorthand,another bubjett free. auin 7661. night.

W'STON STUDIO F DANCING,li3 lith at. N. W.

Telephone Vranklin 2017. ierwyn 461.

COLUMBIA'SCHOOL orDRAFTING

Roy C. Clailin, Pre.14th & T Streets North 272Night Clams-Day Classes

lndividual InstructionCowsss in 3 to 9 Months

call of Wr it* car Latest CatriloonasENrER ANY TIME

SHORTHAND-TYPCWRITINGTAUG(HT IN 30 DAV%

30-DAY STENORAiIl 8I0iStl ,

1410 H at. n. w.. second floor. Main 2576.

The Washington School of ArtIlluatratinAg and

(artomingDeaigaing

Commercial ArtIW.! 14th St. N. W.warobjustern. D. C.Tel. Franklin 2197

LEARN SPANISHprofesaora From pain. New (onveraa-tional Method, Rapid rrogrens.

1921 Economic Course60 Lessons, $25.00

With our nethodt. at th. end ,f thincourse the puplmi must ;.Iak, r,ad,write :-.nd translate wejl .-n,ugh to h,ltany paition in which the Spanish Lan-guage- la required. This clan ij-et

rnd.iys .-dWedlntsdays and Fridays.First .4rn January 17. Enroll now.Number of pupil:4 necessarily limited.This school constantly in forming newelasses, :-.nd also gives pri% at- 1-sion.

Spanish School of Washington1423-5 G Mirect N. W.-Phone Main 5U83

CALENDARJan. 3-7-op,nWng new clas-s in Accunt

Mg. Algebra. E ngi.h, arithin-tic (ade.)English liistory. Iorafting (architectural.n,,ehanical). Typewritling. ShorthandltGregg systemt).

Open to Women."$o Y. M C. A. Schools, N

NATIO N ALSCHOOL FINE& APPLIED ART

IEI.IX Mi lfINY, Director

1505 Penna Ave., Main 1760Day and Evening

Classes Begin January 3rdInterior Decoration, CostumeDesign, Textile Desgn, Color,Commercial Drawing, IndividualInstructicn. Register Now.

OPPORTUNITYThe Knights of Columbus

Service Schooi600 ti Street N. W.

Me-nnil Term. .oin. 24 to 1if1 I1.l'lunobing. Radio. Dr-Afting,

Plan Reading and Es-tilatlng.Electric Wiring. Shop Miathunakieh.

tuto Me-fhnnic".Ren,s,ur-int enrn --E)nerat ion.

R gistra n la I.Ja r '.'4.New clases in all subljt,-!m tart Jan. 24.

vVEI (Ti.TVRE: gro-lu.t teacjoh-r('ATIJARINE P. KRAUSE. Ptudio. 70.Allison 1t. N. W,

:e eee e eemee cw:

The Young Women'sChristian Association

1333 F S'reet N. W.614 E Street N. W.

New SemesterOpens February 1In the Gymnasium andEducational D)epartmnent.Folders and circulars sent

on request.

LAKE SCHOOLFTENOGRAPHY AND TYP'EWRIT .N UBeat Courses- laudividu.al Instruction.

MOVING. PACKING & STOlRAGE

SEPAItATE ROOMS, $1 "l;m4L.cal nuid ouat-oI.totvm 51MVENt)

h*oee 1A4 i'AItl. I.. Mt s46ElTherth AU 701l-9 Fla. Ite. N WI.

Sanitary Palace

Padded Vanslor i-urnitre to Ant I iini.TihE Larges.t an the City

tU0 II.Len m l an-I ('a sfactorvThan ihitping by It.that RI.9 ' a A5a C.' iire at,.l tarr.

.geFM~TIl!TEMl thandl) t.lten.

The Big 4 Tran:fer Co.lilA 14th Mt. N. %M.

as~I2a60a

RESIST HOUSE CUTOF VETERAN FUND

Senators Will Seek to RestoreAppropriation for Wound-

ed Soldirs.A determined effort will be made

in the Menae to restore in the sundrycivil bill the loo.o0,000 slashed bytihe floule from the appropriationsasked for the care of disabled vet-erais of the world war. it was an-nounced by Monators Trammel ofFlorida and Ashurat of Arixona.

If tile cuts are permitted to standIt is estimated that lesp than 120.000,000 will be available to care for 30,000badly wounded soldiers, many ofShum are utterly unable to engage inany wage-earning vocation.A total of $323.000,000 was asked

for various forign of soldier relief.The fioune committee cut Oise amountito $223,000,0000. which is $30,000,000less than was appropriated last year.Such treatment of the wounded

soldiers was denounced as an outrageby Senator Ashurst. lie said:"The callousness of such treatment

for our wounded men is almost in-credible. "I have been investigatingthis question for the past week, andhave been amazed by my discoveries.Surgeon f;eneral Cumming told methat Ie needed $33,000,000 to con-struct additional quarters."Senator Trammel said: "I feel it

my duty to do everything in mypow'-r to restore the amount to afigure adequate to care for the%ounirded men."

WORLD 'HELL-BENT'SAYS 'BLUES' PILOTOld Globe Rolling to SodomFinish ,Unless Witch-burning

Days Are Restored.NASHVILLE. Tenn., Jan. 9.-The

world is hell-bent and civilization has,one to tie bow-wows. unless compul-mory Sunday observance is made thelaw of the land, according to NoahWebster Cooper, author of the Sundayblue laws now before the general an-sembly of Tennessee, and soon to beVarried into the halls of Congress foreevial legislative action.-Too long have the people of the

'-arth cing to the ijeshpots, and theirdoon is as certain as that of Tyre and.-udom Europe is tile Sodom andAinerica the (.omoirah, anti only theimmntediate return to the Puritanicalreligiojus precepts of the witch-burn-ng days can save the earth from de-struction," says Cooper, who is aeading lay member of the Southern

.ill thodist Episcopal Church.Th-- bill introduced in the Tennessee

"enate at the intantce of Cooper pro-Iibits Sunday baseball and all suchgam-s, the publication, delivery, ands:ale of newspapers and periodicals ontile- Sabbath, the operation of all pas-m-tiger_ and feeight trainp, movingpicture, lgltinate theaters. all buy.og and selling- in fact most every-hing. except as Cooper says, "kissingyour wife or mother."

In an interview today t'ooper said:'This bill makes Sunday observ-

:aice a law for everybody alike -asGod eornnand.i, as our forefathershiad it 4nd as suggested by our Su-prem- ('ourt. It covers railroad men,nd new%spaper nien Jui.st the same anfaimet-r, mercants, and nechanlcs. It,-xcepts all casfm of charity."

KERENSKY PREDICTSLENIN'S_DOWNFALL

Former Russian Leader Will,Outline Anti-Bolshevik Pro-

gram at Paris.PAtIS, Jai. 9. Alexander Keren-

.eky, forme r socialist premier of Rup-sia, will outline an anti-11olphevikprogram for that country when theinants of the old constitutional as-mitbl%y meet here tomorrow."czarism will never return to Rui-

Nia." said Kerensky} tiwlay. "I believeit will not he long until there is ai-lash t-tween thl eBlshceviki and the

Itussian mc:owse-s, anId t hat it will r.e-tIlt in the downfall of thce Red

Atrocirdig to presenrt plans. thie als-se'mblymen will adopt a re'eoluiticn-cdemninn tIhe all iedi blockade antdtilling for i rec tiale be-I weenc liusiaanid the recst of tie wocrid. The as-

icemblymcen sa id thactt if the constitu -

tional assemibly is ever reconst itutedint Rutsslia, it wt-ill re-fuee tio recognizeIre-aties signed by the lolsh--vlki.The a,se'mhlynmen oppiise military In-creren ion.

Heads College Association.Nl-Wc YOltK. .I.un. i. -Clark W.-

S'hamcbc-rlain', lIenisoun. (thie. l'niiver-

r't- profer,. wasid e lectedl presidentve~trey if the Asot-iat ion of Ame-r-

n 'tillege s.

DANCINGGovli. 6i4 and, pirlv. leusone any tImn.716cliass Tucs-lays and -rIdcays W. Uls

Af"VING,P'ACKING&SOKAGEFTi-t-lit. 'an leavinge feor New York:y Ith or 12th. wanctied. paert nef toted

a .USe. ia.;rd- tiel..t P'hocne F"rankl.2 tillt.V t. d i a

General mnovIng anld itaulng, agel de-ilseredi mcun c.sre.NEL-ecN MUkuocK co.,l427 9cci et. .% Wc Phone Norta 1*6?

14TORACiEHMeing--t'aeking-Eet iemtes,

r3ITEDI STATES STOltA(E Co418-'20 10th St. N. W.

PrI'. MIcce 4'""c or Pceennkine ,e'iWEMttcU'.I- AN de liii.Nd -Aop a her.., any

time. THIOMAN tIcNSO.N ICxPRascSLSAN liLY gTORAntE PORc P'URNITtiR-it 't A 'Oi Eatimates riheerfuI_y

r iven. WYrER'1ILER'U. 320 Pa. ave. NWthone MaIn 1192.

-MOVING-~PADDEDf VANS YFURNISHED

Phone H. 301S-2OI1.K1REl(V' EXPRESg

. 1226 H fit. N. W.

PatI'ERT. p't ANd) MOVEiRS-HntRttng. bOe-tng. shippIng re'enmm,ened by teadtmfi

etasn 'Winte. 'I R'44. Night Ph. N. 63

prA'di0-e v'YrtMMa Cn, 351 K mlecnw90E6 Florwd Ave N. W.le,i.,e one-. K.ness fae N til

MI.OR & 5BON mng""flt'tm'

Prospect folConditions

By ENROf Henry Clews a C

he opening of the now year haof &ilatinetly better coaditions at hhere and there of a decided lowertories resuming business whil thterof raUstment has about rna its cc

is a situation' which layiPrices are still on the down grade,those branches of industry where Iarable. Within the past week thebeen in the retail trade field, wherejustment to wholesale levels.

In the steel industry there is atfurther readjustment to be develolvision of prices has made progresssion of dividends on the part of itributable rather to a desire to ccpresent mqpey situation than to Iaof business prospect.

Altogether while the outlook i6 cimproving tendency.

CUs11Tsscour1o1g.These phase of the situation are

clearly reflected in the business con-dition reports of the Federal Re-serve board and in other reviews ofsimilar nature which have lately beenissued.The reports state that while there

is a considerable amount of uneis.ployment (estimated by some privatesources as high ps 2,300.000 personsfor the whole of the country), andwhile as already stated, readjust-ment is still in progress, many indus-tries having fallen off i. the degreeof their activity by froan 25 to 40per cent or more, there are sound andwholesome conditions underlying theentire situation. These are well in-dicated by the existence of an un-precedentdly large amount of realwealth, both as represented by farmproducts and as represented by man-ufactured goods.The output of the year 1920 in

manufactures was (contrary to theimpresLons of some) decidedly large.there having been a peak of produc-tion in the first third of the yearwhich offsets falling off during thelast third. The reports of the severalFederal Leserve districts with respectto the retail trade show a continuedactivity in that branch of businesswhich is one of the best symptoms ofsoundness and vigor indicating, as itdoes. a sustained bu)ing power dt.to the presence of accumulated sav-ings.

True, the necessity of using suchsavings for support during the periodof lessened employment tends toweaken the investment market, butthe factor is only temporary. Wereit not for the unsatisfactory foreignoutlook in many parts of the worl'1it would be felt that there wa a

very encouraging condition. Thisforeign situa'ion has evident'y beenmuch upon the mind of our legis-lators, as seen in their financial andtariff activities.

ACTION OF CONGRESS.Congress has taken the important

step of passing over the President'to the so-called war finance revival

bi. The majority was large in bothHouses and the order is thus unmis-takably given for a resumption of(overnment aid to exporting.Technical difficulties, however,

stand in the way, among them beingthe appointment of new directors andofficers (of the concern and the en-

largenient of its staff. It will thusbe a month or two perhaps beforeanything very positive can be done inthe way of actual export financing.and when the enterprise ret " -

,osition to do such financing it wilLstill have to face the probIe-i ,, ,

ting funds either by borrowing them-selves or through Treasury borrow-Ing. Doubt is therefore entertainedas to the genuine effectiveness of theaction taken in enlarging our exportshipments.As for the tariff bills which Con-

gress had contemplated, opposition on

'ie part of the administration seems

likely to hold them over to anothersession in the spring. Meantime theopening of regular tariff hearings be-fore the Ways and Means Committefof the House confirms the belief thatit is intended to attempt a thorough-6:ing and general revision of the en-tire set of schedules at the specialsession. Financial authorities are

more and more in doubt whether thisp,.icy may not be injurious ratherthan. as supposed, helpful to marketprospects. Foreign retaliation isfeared by not a few.

NEW TEAR CHANGEs.T'he liquidatlon and heavy selling

for the purpose of establishing, in-"nme tax losses which characterizedthe closilng months of the year havebeen offset by upward reaction sincethe holidays Investment demand hasmade itself evident and the supply,f securities in a ''foating" conditionisapparently very small.Removal of the artinicial fact.ors

which figured in the market at th'.vear end has left the 'nvestnment sit-uation free to develop itself alongnormal lines with the result il.it anvidlent tendency towardl higherprices 'is now to be noted. fletteriemand for bonds also has showvn

itself In the form of stronger quo-tt,tions for these securities. In theexchange market for most of theweek past there has been a decidedupward movement f"( sterling, whichhaes carried it to the highest pointsince last August. nnd this strengthilas been more or less reflected inyontinental cuarrencies- although n..tror the moat part in South Americanyoutan tr ies.The belief that a nely start will he.taken In the foreign trade uander the.influence of ,the War Finance Corpor-ation and the extension by the Brlt-ilh government of Its policy of aid tonxporters has probabliy had some

psycholgical influence,

RESERVE BANKS SHOWFURTHER GAIN IN GOLDF"urther gain of gold and other re-erve each, and continued liquidationf discounted and puarchased paperw,.re indicated in the Pederal ReserveRoard's weekly st atement, showingnondition,. as of the close of businessJanumary 7.The Federal Reservj Rank's ratiorose from 40.5 to 46.4 per Pent..Decrease in (Governament depositsof $2,100,000 was reported, whilethere was noted an increase of 846,-410000 in reserve deposits, and about3,'0000 in other deposita. Calcu-Ited net deposits showed an illcrease

f 30,i00,000.

FLORIST -

-- tUNEtAL V5SI0N -

QIeven danacition-Merate men

BetterSays Clews'CLEWS,hNew York Bdake.Iat brought with it a prospectI=e. There arei already indicationsioIaf!. revival, not a few fa-Iis good evidence that the processurae in a number of Important lined.Ithe foundation for Improvement. ac

but there has been little change in pqhe slump had aheady been consid- atlost marked recesvion of prices has te

it was needed as a matter of read- P,

1i, according to the best authorities.ed, but in some brinches the re- a'during the past few days. Suspen- as

ome considerable enterprises is at- bnaerve their cash resources in the t

!kof earnings or unsatisfactoriness s

re

ortainly not yet brilliant it shows anto

WIL BURLEY BE t)PRODUCED_IN 1921?1c

yebt

Decision Reached at Lexington, P<

Ky., Convention to Halt "

Production. '

LEXINGTON. Ky.. Jan. 8.-Tobacco th

growing in the Burley districts of W

Kentucky. Tennemse, Indiana, and stOhio was ordered stopped so far as ot

this year is concerned at a conven- ti

tion held hero- yesterday. Delegates i

from those States, representing more ccthan 100,000 tobacco farmers, reach-ed this decision. Hundreds tf pro-ducers in every county in the .li-tricts affected will refuse to obeythe conventions' order, it was be.lieved tonight.

In that case it was feared therewould be some "night-riding."Two thousand farmers and business

men gathered In the biggest theaterin the city today to discuss means ofrelieving the tobacco crisis, which hasresulted in the stopping of sales on aievery market of importance in the bfour States, except the market at t

Loui sville. hCircuit Judge H. R. Prewitt, of Mt. T

Sterling, Ky. was chairman. igThe Uuestion of a cut-out of this a

year's crop was put before the dele-gates promptly. Thirty-five of the b

thirtyeight cousities represented voted t

unanimously to cut out the crop. InSome farmers wanted the crop re- Itduced 50 per cent, but the majority W

for a stoppage of all leaf production '

this year outvoted them. tt

MEAT PACKERS SEEct

ERA OF PROSPERITYAThomas E. Wilson, President of t

Institute, Notes Many Rea-sons for Optimism.

"I can see many reasons fr.r optim-ism as to the future." declared Them-.-as E. Wilson, president of theAmerican Institute of Meat lnck, rs,In a statement reviewing busine.:1conditions. h'Opinions differ as to the probable olperiod required for readjustment."

Wilson said. "-There is no diff"rence olin opinion, however. as to tne neces- nq

sity of changed conditions, and we jashould all be thankful that the transi- mtion apparently is being brought'dabout in so orderly a manner. v

OPTIMISM IS NEEDED."What we now most need is to re-

cover from the spirit of pessimsmand realize the great strength in theresources of our country." t

Meat and by-products are on a pre-war level of prices and some of theby-products aro below th- pre-war,,level, according to Wilson. The in-.tiability of foreign countries to buy and h,a lack of demand is responsible forthese prices, he adde d."The highest authorities agree that

credit conditions of the coin:ry are,fundamentally sound." Wilson de-clared. '*The National banks of thecountry have growln approximatelyas much dluring the past six yearsas in fifty years previous, deposits in- frcreasing about 5".000.000.000 in thepast nine years.comprehensivemovi ment is well under way, baekedby a large perceninge of the~banking s

power of the country, to providi mi'l- ~lions of credit to finan-ce exports toforeign coun tries, whieh shtoul d in "ndue time apply the needed reme dy tofr',nable the pricipal war stricken coun-tries to) resume trade with us. '

RAILKOAlts REC'OVERING. I

"The United States merchant ma- nrrone now conmmandis a tonnage of 14,-525.O00 gross tons. ther.'by insuring .-

that when prop"r financial relief isgiven. ai free niolemenmt of Am.rerican -

ships will resuilt."Railroads of tihe country are rap-

ily rec-overinig fronm thle wartimestrain, and a' rvice at the' present timeis almost normal."It can be satid to the c'reit of lat-Il

bot that ev'idence is already being furt-nished of its disposition to buckledown,.nd increase' prodluction withthe mnnimum labor expense, and Ia-hor's attitude generally. I think, nnbe relied upon to do its share in bring-

Inrg about normal condiiit Ins."'GOLD PRODUCTION FALLS

10 MILLIONS IN YEARGold production tell to $49.609,400

in 19420. a reductiotn of $10,824,000.Director of the Mint 11aker has an-nounced. Silver production also felloff, last year's output amounting to56,564.504 fine ounces, a reduction of117941 fine ounces.California led the list a:s a goild pro'

ducer with 5n output worthii14,-05,300, or more than one-fourth of

the total output of the I'nited States.Alaska was the next largest pro-ducer of gold with sn output valuedat $7,856,000. Other larger produoerswere Arizona, 54,943.000, and MouthDakota. $4,201.400.(

Steel Wages Cut.20l per i'enit wage cut, affec tig '.0 uN).meln. ople'rative' fromt .innutllsry 12 wa111

announced last nliht hi the DJominlionIron and Nts'el tompany Htalf of the.. n are tempoeraiv laid off.

TEWON ATTACKS;ECRETARY WILSONarged in 4House With Viola-tion of Passport Law In

Admitting Aliens.Charging Seeretary of Labor Wil-a with willful violation of law inrmitting aliens to eter the Uite.ates without a vised passys ar', a bit-r attack was made on the Labor Ue-rtmoent in the House yesterd&Y alt-noon by Congressman Newton (-finnesota. #The, passport vise law was paLeda war measure, but is still in force.id Newton. It provides that it shallunlawful for any alien to attemptenter except under such reasonAble1es,. regulations, and orders as pre-ribed by the President and the Sectury of State."We have a situation." said New-n, "where the Secretary of LaborthO Assistant Secretary of "ikbor.

r. Post, is permitting aliens tome into this country in direct vlo-lion of the law and the proclamna-on of the President. It seems to meat he is coming perilously close ifis not subjecting himself to crim-

ml prosecution under the penalizingtuse of the law which imposes aie of $5.00k), imprisonment for fivears, or both. The Secretary of L.-r Is openly disregarding the pass-rt vise law, whch he says does't pertain to him, and that he haserely to enforce the immigrationNewtoni cited the instance of Ar-ur Chegres. one of four stowaways,io was permitted to land at Ellisland without a proper passport. Heated that he had knowledge ofher cases, gained from investiga->n as a member of the House Immi--ation Committee. "We will gt ridthese officials after March 4," h-

ncluded.

POONING IS PROHIBITEDAT OLD SOLDIERS' HOMEomplaint Made Veterans 76 tc90 Are Fond of Courting.

VINELAND, N. J..es . 9.-The,'e to be no more love-making scenehind shaded vines and cozy cotge doors at the old soldiers' hon,'re. They are abolished by an ordere summer trysting places in th-ove in the rear of the home. kn.the summer cottages. are for saltSome person complained to ti.ard of directors, it is said, th'ere was much courting going (.

some cottages. Some of the vel-Ink they see spite in the complal:hich they suspect came from o

the grand army inspecting partat lately made a visit.One of the vets said that this ta'l

"lovey dovey" business is a!sh. and he regretted the ordermietimes women are invited but Ias only because they were goooks or were willing to sew butns on the clothes of the veteranFscouted the idea that veterans

om seventy-six to ninety yearsould try to emulate the youth of

renty-one years.

W. U. TO START COURSEFOR JUNIOR TEACHERS

pecial Study for D. C. SchoolInstruction Opens Jan. 31.To supply teachers for new jiorgh Nchools which it is planned t;en here in the near future, Georgcashington University will offer a

ecial course of study during th,w semester. beginning Monday,nuary 31, according to announce-ent by Dr. William Carl Ruediger.an of Teachers' College at the uni-r-sity.The course has been arranged ale requet of Dr. Frank Washingtonillou, superintendent of publichools, who hopes to establish addi-enal junior high schools soon andants an ample supply of teacherstalified to teach the classes. Dr.llou's present plan is to hold an:amination in the fall for the selec-)n of teachers, but one may also beld in June.

E'D RAISE GIRLS' PAYTO STOP A ' aG

('lICAi.,0. Jan. 9.-Promotion ofrIstenographers to keep themom marrying and retain theirrvices was urged before the cityuncil legislative committee by As-

tant Health Commissioner Koehlersterday."Do you mean to say that pro-ting a girl a rank will keep her,m marrying?" asked Chairmanchert. of the committee."Absolutely," replied Dr. Koehler.he increased pay makes her In-pendent, and there is consequentlyneed for her to get marrie8."

FINANCIAL-

Unlisted SecuritiesBought-Sold-Quoted

Inquiries Invited

Fradkin, Mahlman & StuartContinental Trust Bldg.

Phene Main 4r29.

PURE OILAmer. Can Federal OilAjax Rubber Marland OilAmer. Car & FShatttuck Aris.B. F. Goodrich StudebakerCuba Cane SugUtah CopperGen. Motors Willys Over.Island OIl U. S. RubberAn ipartial rev~Iew of above me-

curitiona andl others c'ontainled In Biul-letn w. T. No. 361. *ent free on re'-

25 Broad Street, New York44 Ctam trent Br.slir

FINANCIAL

on Being OptimisticA Puecesfl man once soid

that he wh's is a peaimi.tabout the future of the UnitedState Is bound to go broke.Te reaa,k Is aeolliable todarwhen %am#- weroons doubt thatthe bievinese depression willever end.

Don't be a bfar on the fI-toore of the United states, Lan optimist. Good times eanenly cme who. vou believethev are on the wav.

Inveptmentp In our FirstMort-lame Not. on Washinirtonreal etate mean tha aooliea-tion of voi r ranitel under amft--trarded eonditions to an In-ollitrv which i egsntial tofle irrowth aerd prosperity ofW'.ashinirton.SWARTZE., RHEEM& HENSEY CO.,

727 Fifteenth St. N. W.waneHItEsA3II..n. C.

The1 Naltosa homne TuU-.

psuriesa ..u i .

.... Absedrhsa ramnkbla-

damily d625 "stl h MAte ab ut idhe

Taf hoee adbk measkMbe

Absed aisreae bhew in do IM.mec.Seedia 16" spy.

]KRIEBEL 8 CO.1371LaSAW St-Ch 0

What about theMotorIndustry?

RMat rescew tAe ;It-arditioa point?IWill istoratwks

conie back ?WMet is tke present states of

different companies ?All these questions ar cow-

ered in detail in our currentMarAet Review, which w albemailed to anyone free uponrequest.

A -k for WT-58E. M. Fuller & Co.

be.no. W.

50 Broad St., Now York.rww Y.wh Nowo k 08Ma.j

Chd same

AtchisonN. Y. CentralMissouri PacificReadingRailroads such as the above,vital factors in the economiclife of the vast territoriesthey serve, must prosper.

Atchison, for example, hasbeen earning at the rate of14.551c on its commonFtoclk; Readint is paying8% in dividends.

A special letter has beenurepared on the above issueswhich we will send on re-quest.

We carry on margin theseand other high-grade securi-ties sted on.the New YorkStock Exchange.

SPECIAL NOTEWe are in a poaltten to offer aliumised ameuat of 4% GermanBondn in iota et te.ese Marks

fer S135. PartIeular. en reguest.Raabe,QGissman& Co

fneerperated20 Broad Street, New York

The CompleteMarket ReviewOur statistical 'department hasready a complete review of themarkets af 1920 premeting themost comprehensive tables andstatistics ever put out by abroker so early in the yearand giving:1. HIgh and low quotationsPfor 1920 en stocks traded

in on the New York Curb,Boaten Stock Exchangeand Curb and other Ex--

2changes.2.Western Mining and

3. Analytical data en manyhew companies.

This production characterisesthe service that comes from 18

Iyears of experience, with thou-sands of satisfied clients allover the world. This Reviewwill be useful for future ref-erence, and every one Inter-ested should have a copy.Write for it.Chas. A. Stoneham* &Co., Secatrities

41 Broad St. New York CityA I.e at

I'bOcage S-levelmad Matt.rdIpetroit Mllwaok.e Totemte