Evening Star Newspaper, January 15, 1921, Page 14

r gl q { 'EARLY CLEARINGS TOSTART MONDAY! prees Movement Will Expedite Business at the Banks. Local Stocks Slow. BY L A. FLEMING. Another change in the method of handling bank clearings has been agreed upon so far as six of the largest national banks in the uptown district are concerned. Officials of the Riggs National, Na- tional Metropolitan, Commercial, Fed- eral, District g 4 National bank: ‘i ring: morning for s of the preceding day that were not cleared, the debits and cred- its to be added to the results at the regular clearings and settlements made as usual. The entire object of the early session is for the purpose of getting checks re- urned to the various banks and into the hands of the clerical force just that muct ier, thereby speeding the work of ‘the checks during an hour n business shorten tr: in the morning wh light, thus materially day’s work of the clerks. Other national banks ma wvantage of the movement and it is probable that others will, but the movement starts with the nearby instituti Cre wiil start on Monday, is given to F. S. Bright, manager of the clearing house. Loeal Securities. There wasn't doing local stock exchan 4 t make a market. 1 small lot of Mergentl at 120, and in bon eral 6 per cent s on the FINANCIAL. point from the last previo; Washington Hotel Company. At the annual meeting of the Wash- ington Hotel condu: the Continental Hotel, the following di rectors were elected: A. P. Clark. jr.; William V. Cox, W. T. ‘W. Lee, Theodore W. J. Prescott, Dr. W. P. Ree: Cuno H. Rudoiph, Thomas Summer . Rynear H. Williams and Alexander Wolf. Busy at Banky. s a busy half day at the banks this morning. Long lines of depositors formed at nearly every institution of whom were government em- <, it being government pay day. matter of out $135.000, sury certificates matured and were redeemed at the Treasury. Pa ment will be made in full for the Ix cember > of Treasury cer cates early the final call ar; 1liher. Raiph Samuel Tt wa com The usual routine busin day helped to keep the s the various banks on the jump. i once there were no interest payments due on liberty bonds. BONDS ARE ACTIVE, PRIGES STRONGER Allotment of Bell Telephone 5s About 30 Per Cent. Libertys Again Higher. NEW YORK, January 15—Today's bond market was active and strong. with further advances in numerous individual issues. Liberty bonds were slightly higher, with the exception of the victory loan, which was off a tri- fle. Foreign governments were not much changed. from yesterday, but they held their recent improvement. In railway bonds there were several features. One was the strength in KEansas City, Fort Scott and Memphis 4s. which were up from 65% to 66, Another was the rise of over a point in Baltimore and Ohio 6s, which sold at 931, as against 92 yesterday. It became known that the recent of- fering of Northwestern Bell Ttlephone 78 had been so heavily oversubscribed that participants in the loan received only 30 per cent of their allotment Westinghouse Electric were very active, with a further rise to 93. LOOK FOR BRISK REVIVAL IN THE COPPER INDUSTRY NEW YORK. January 15 that the copper i the export trade, a brisk revival within the next few months, if loans now under negotia- tion between American bankers and various European countries reach the final stage, is expressed here in trade circles. Switzerland and Italy, countries which are especially handicapped by reason of their lack of coal contem- plate enormous purchases of copper here in furtherance of governmental Pplans to harness their vast water re- Sources. Germany, which is sending large quantities of her coal to France un- der the terms of the peace treaty, 1go is in the market for large quan- ties of copper. in addition to the heavy toll in c which Germany has to pav to France, German _industrial interests which always have been prominent in manufacture of electrical applian also will buy extensively of American copper once their credits here are re- established. Belgium and most of the new coun- tries of central and eastern Europe are reported to be contracting in this market for supplies of copper, that metal entering largely into the up- building of their railways and many industries. It is estimated that the present sur- plus of copper here approximates 750,000,000 pounds, of Wwhich more than half will likely be taken for foreign use. < al ‘WOOL DEMAND MODEST. January 15—The Commer- “The demand for be but Mann h proportion: ed firmly. to loo E fullv. and there = of somewhat better demand for soods The tariff outlook is considered very at the moment. 1y been prevented because of the fea that the emergency bill might be - enacted before 'the purchases could reach this market. —_—— STGAR IN FATR DEMAND. NEW YORK, January 15—Raw sugar was quiect and unchanged to- day at 4% for Cubas, cost and freight, equal to5.52 for centrifugal, efined was in fair demand at 7.76 for fine granulated Futures were quiet and irregu The late positions eased off carly, but rallled on covering. The closing was one point lower to two higher. Junu- ary, 4 March, 469 May. 1 July, 4 COFFEE MARKET EASY. W YORK, January 15.—R March, ar. FRENCH BOUBSE FIRM. __PARIS, January 15.—Prices were firm on the bourse today. Three per cent rentes, 68 francs. Exchange on Lon- dom, 61 francs 35 centimes. Five per cent loan, 85 francs 20 centimes. dollar was quoted at 16 francs Gl centimen, , the | & NEW YORK STOCK EXCHANGE. THE EVENING STAR, SATURDAY, Grain, Produce o JANUARY 15, 1921—PART 4 FINANCIAL. DEFERS DIVIDEND. nd Live Stock| repr T P a DETROIT, January 15.--The board ecel ivate Wire Direct to The Offic directors of the FPackard Motor y LT % = LOCAL WHOLESALE MARKKT. GRAIN ANDQ PROVINIONN, Car Company has decided to defer » open. High Low. Clowe: | Ope . Low. Close. | Eggs—Strictly fresh, per do 69270; | BALTIMORE. January 16 (dpecial). [payment of “dividends on common dams Express... 30% 0% 30% 80% |JewelTea.. 0 4% 4% |average receipts, 68; southern, 67 —Py 08— vi B el cour 0 Ajax Rubber. i sl reaiTcanciy 14 10 | Live poultry—Roosters, per Ib., 20: 101;10(5 ORI estireMryIGad 8 would hav n o pa Alaska Gold. ... 1 1 1 1 |Kelly-Spring Tire. 6% 48% | turke: 50a55; chicken: -grln_l and Pennsylvania No. 1, iper 100 ary 1. officially reported Allied Chemical... £3 B3% 62% B3 |Kennecott........ 9% 1% per 1b., 36a37; | pounds, 1.60a1.75; custern shore of ment had hean Sodidiupon e Allied Chemical pf 8% 92% | Keystone Tire. . 10% 10% | keats, young, Maryland and Virginla, cobblers, 160 R Allis Chalmers. ... 3% 35% | Lackawanna Steel. 5% 55 | Dressed poultry—Fresh killed spring |, o "y o 0 : g Allis Chalmers pf. 78% 78% | Lehigh Valley. ... 55 85 |chickens, per Ib., 40ad5: hens, per I : micks, 1.25a140; native Am Agr Chem..... 60% 5% | Loews Inc 16% 16% | 40a42; roosters, per Ib., 23; turkeys, per jand nearby, No. 1, 1.60u1.75; N Am Beet Sugar.... 4% 45% | Loft Inc 12 12 |Ib. 55a60. .| 50a75; sweets, eastern shore Am Bosch L 1% 51% | Loose-Wiles. . §2 12 | Pork—Dressed, small, per Ib., 15a16; Am Can. .z 21% | Mallinson & Co..... 13% 13% | medium, 14al5; heavy, 10a13. A Can ot 8% 4 | Marlin-Rockwell . . 7 1 | Live stock—Calves, per Ib. 18al19 50 yamy, all Am Car & Fdy.....124 Maxwell Motors. ... 5% 6% |lambs, 10a11; sheep, 3a6; hogs, 10. e B el 00 AR 0: Mot Am Cotton Oil..... 21% May Dept Stores 73 76 | Green fruits—Appies, per bbl. 3.00a| ‘Beang Wigrida, gr Am Druggists..... % 7% | Mexican Pete. ... 160% 162 |7.50; per basket, 75a2.50. _California ke Sl L Am Hide & Lea.... 8% 8% | Middle States Oil. . 12% 13% | lemons, per box, 3.00a4.00. Pineapplos, |y b 7, (v PEETE S A Am Hide & Lea pf. 4% 4 |Midvale Steel. ... s s |Percrate, .00a800. Callfornie oranses: | pycery S T T a 5 Minn & St L (n). .. 1 Per crate, 5.00a5.50; Florida 3 ot florda. e PRI | Nokans T — ‘:1‘ Crate, 4.50a5.00. Grapefruit, per crate, |, Cabbage. New Vork, Dunish, per ton, Accounts ‘Am Radiator % 0% | Mo Pacific. . 5 19% 194 |4:0085.00. H Chlery Vashia Erire Hina Safe Deposit Am Safety Razor.. 8% 8% | Mo Pacific pf. . 3% 4 Vegetables—Potatoes, mearby, No._ 1| rouyh "per crate enen ‘Am Ship & Com 1 | Montgomery Ward o~ 3s [per bbl, 2.7523.25; do., No. 2, 1.26a1.76; | [UTE T POV COuse. Boxes A Sl 7% | Mullihs Body 2 northern, per sack, 3.25a3.50; sWeel| .5a150 " Kggpiant i 8 | Natl Acme = potatoes. per bbl., No. 1, 4.00a450; No. et Monthly S S lling Dz =& et 2, 150a2.00: yams, 3.50a4.00. Let- | Lettuc . men¢ Ser Am Steel Fdy 3048 30% | Nati Biscuit....... 103 B 00200 yame, oS elery, per | Savoy cabbuge, per busli . k% 92% | Natl Cloak & S pf.. €8 doz. 50al25: New York celery. 2.00a|Sauash. Florida, per crat 104 104 | Natl Conduit . 4% 4.50; California, 5.50a6.50. Romaine let- z*’ll'l"'_n!- Florida, per cl 5 e 26% | Nat) Ry's of 3 % fice, ol Squash, ber. bbl, 1508 Hl:ll‘(.::ia\vv‘:vu)n:’l:\'.\lu‘I)';In:ul and Penns Am Tel & Teleg... 9% 993 ) N Y Central - % 2.00. Cymblings, per cra orida, | 3vlvania, yellow, pounds, 12 Am Tobacco,&g, 1161 1162 | N Y N H& Hart. .. 21% 2:5024.00. Spinach, per bbl. 3.00a4.00. ‘g'isnolhe';:"f;" slmro,.\lur_»l nd and Vir- Am Tobacco (B).. 113% 114% I-Norfolk & Wstrn. . 10132 Peppers, per basket, 4.00a6.00. Toma- i \vu'”,( ‘l;r hr» ,.‘_.u..‘.; a % Am Tobacco pf (n) 1% 9% | Northern Pacific 83t toes, per box, 6.00a8.00. - Oniona, per| S0, NOTIONG Ber harre Al Tohac 0% % [Orisboma Brod . sack, 1.7522.00. Brussels sprouts. per | {ucumbers. Florida, per ¢ A Wetine Prat s 6 |Orpheum Circuit.. 28 28 quart, 15a22%. Cranberries, 18.00 per| Sl |\ o rate | INA Anacora e 7% | Otis Steel 1Y% 16% Bl 5.00a6.00; choic : common, Atlanta Bir & Atl.. 64 6% gwegs g!olmo 51 61 DAIRY MARKET. Efiflf‘ Hpa sterplants, per hundred Gilt-edge First Mortgage Atchison = 8 acific Oil. . B 5% 5 —Arrivals ches. §.0029.00. Broccoli, per bush- Atchison pf. 79% | Pan-Am Pete 7 % .,f‘t,bfl“%fih;’,‘.‘;‘,"?;in’g, large, per | §L 5060, i erouts, mer quart, | Notes, secured on D. C. Real Atlantic Cst Line. . u’h;?"-‘\nl\ Pete . 69% 69% pound, 35; small to me(llum.dli-‘)h. poor, Turnim‘];::f::"'k‘l"l-Fnl»gnl|4fll. 90a1.00. Estate, for sale. Thirty years’ Atlantic Gulf 7.% | Pennsylvania. .... a0k thin, 30; old roosters, 22: old hens, . per basket, 60a ith e iio) Atlantic Gulf pf. 421% | Penn Seabd Steel.. 15% 16% ounds and over, 35; small to medium, ";}P‘;"o';ysvsa(l’;y_\;rh»vw 1. per bar- experience without a loss ‘Austin Nichol 13 | People’s Gas. 35 30a32; white leghorn hens, 30a32i| el 8.0026.00: do. No. a client. We attend to all Baldwin Loco 91% j Phila Company. 2% potnswhItolgIeah Ornss 3 anples. per box, 15083, details. Courteous treatment. Balto & Ohio 88% | Pierce-Arrow. 24% muscovy, young, per pound, 30; pe- [aPbles per box, 1. g BTt Plerce Oil. ...... 10% Kins, 36, puddie, 35 smaller, poor, 30; | | Oranges. per box. 325425 Cran- e B Sl . Rk TR s o o | perres e e s i | perey H. Russell Co Steel...... jerce . ‘poor | fruit, 50. 2 B Beth Stecl (B) oo | Pitts Coal. .. 59% L e preasts. 4lath: keese, | PP atrap. “S00aT00” | Strawberri 2 Y Beth Steel 8% pf. ... 101 | Pitts Coal pf.. 86% 8% i \uryland and Virginia fat, heavy, per | Florida, per quart, 40a50. S.W. Cor. 15th & K Sts. N.W. Bklyn Rapid Trn. . 1% | Pitts & W Va. .. a1k 3% [pound, 31a32; southern and western, SELLING PRICES AT NOON. E BKlyn Rap Tr ctfs. 7% [ Public Servof NJ. 4 64 64 |28a30; Kent island, 33a35; pigeons, o oA in e D Bru ck Term esjlmen o 8k old, per pair, 40ais; guinc fowls. | 2.011,; No. 2 red winter, spot, 2.01 Burns Bros ggey | Punta Alegre 47% | young, large, eac old, 40. No. 2 red wi o e e CRaL Sis | Pure Oil. 24% |~ Dressed poultry. Shpite o l ik Bt e s e e EQUITABLE Bikia'SiSuperions 125 | Ray Con Copper... 104 134 13k | fancy, per pound, 57ass: do fuir to March, 1915 . Reading....... cen 89 good, 55a 0., O oms, 50a52 - t sales—N f}:é:;"(f"f" :’* Reading 1st pf. 3% | Dossly dncased on3 dhin. ”“;b;“l;";;- Corn Cob, new veliow, 43580 CO-OPERATIVE BUILDING ldo Oil. Rending 20 prsi 2| ens, young, mixed, old, per p - 35: ) per barrel, car lots: contra oo | Rep Iron & Sreei Som | Focatera G4 "Duicks,” choice,” fancy. | uct st K3is per bushel: Jamary corn, ASSOCIATION Canadian Pacific. . 7% | Royal Dutch. .. e | nearby, per pound. 30838 3c%hw | 343 February corn, 52 Organized 1579 CentealEauthier. 3% | St L & San Fran. a5 | S, S oue. seven poundsi and over | oap Soo hene ey 41st YEAR COMPLETED Cerro de Pasco. t0y | St Louis Southwn. 28% 28% 2% | per pound, 52; medium, 43a50; small Nt o7 s e per buchel Asnetn . $4.238,020.06 Chandler Motor. st | St Louis Sown pf.. 39 41 41 | slips, 43a45. e Bt ote o eyt 1 $1,060.035.61 Ches & Ohio €15 | Santa CeclliaSug.. 48 4 3% | * Eggs—Loss oft; Western Maryland. | quality, 1.50a165 per bushel: No. 2 w Surplus . 035 e 9 | Saxon Motors. . 4 3% | Pennsylvania and nearby firsts, Der | din export, spot, 1843 per bushel bi : ChiMil&StPp %v. | Seaboard A L pf. 1% 10iil| @sentles ) eaatern) shorelofiMarylanal [T boter e S e bshalibla, Save While You Chi & Northwn gov; | Sears Roebuck. ... 91% 924 9% | and Virginia firsts, 68; western firsts, nd e d P ChlE Rt toas | Seneca Copper. . 18% 1% fo | 655 West Virginia firsts, 68; southern | o, 3 {imothy. 95,5046 00 Have the Opportunity Chi RI& P 6% pf. e3 |SinclairOil....... #% 20 =% 1 —Thousands who have adopted this ChiRI& P T 7 { Southiern Pacific. . s 98% mixed. 25.30026.30; Xo. 2 light clover! |} ayatematic saciag plan of the Tuitable Chile Coppe: 1% | Southern Pac rgts. 20%, 2% s, DYACEE ixe a24.00; No. 1 clove liave saved most substantial sums. Chino COV,FDQ 22 2% ;2% outhern Railway. 237 23% Mary a‘v‘ul»;nd (‘nfir:;n:-’.;]fi':" 25.00a! : No. 2 clover. Cluett Peabody & 6 6 |Southern Rypf.... ss% &8% et M aainis rolla, 328245 Stor 0. 1 clover, 26.00a s Subscriptions for the Colo Fuel. 2920 9 coff || StEnd OIENTADL - 0HE 18% { paciced. per pound, 19; Maryland, Vir- | § Gbs i 80th Issue of Stock - Col Gas € 5% g9y | Stewart-Warner.. :0% % | zinja and Pennsylvania prints, per 2 straight Col Graphophone. . 10% 10% 10% | Stromberg Carb... 33 38 | pound, 24a25; process butter, per .1 tangled rve, 17.00; | Belng Received Col Graph pf. o s71g | Studebaker. . 51% &2% 52 1 pound, 38a40. No. 2 tangled rye, 1 ; : Shares, $2.50 per Month Cons Cigar. s 3 ubmarine Boat... 9% 9% 9% | CHICAGO, January 15.—Reduction No. oy P “ons Gasof N Y. s0% | Tenn Copper. . 83 % 8% | in British wheat prices and a lack of | 4 Per Cent Interest Cont Candy. . 4 | TexasCompany... 434 44% 4 |support other than against bidsl oat, 16.00a1 i Corn Products. 70% | Texas & Pacific ¥ 19 18% | caused wheat to tumble today. The! NEW YORK. January 15.—Produce EQUITABLE BU[LDING Cosden & Co g1 Texas & PC&OIl. 2% 28% 2% | trade was chiefly of a local character. | articles unchanged. | s Crucible Stee! 2% | Tobacco Proa % 55% 55% | with _some hedging against overnight{ . 10AGo, Janu: 915 F St. N.W. Cuban-Am Sugar. 28% | Trans Contl Oil.... 9% 10 10 |purchases in the southwest. ~After| o UCRZRN SAIUAEY P00 ) at! il Cuba Cane Sugar 23% | Union Bag & Paper 8= 1 ™ | Dreaking 1 to 2 at the start. ‘with | o S, SR 1 SO SOL SREES JOHN JOY EDSON. President Denv & Rio Gr. 14 | Cnion Ol. ... 2% 2% 2% | March 1.751% tnhl--GdA.:;‘?_Jaxl lveg": into the market, as heavy buvers. FRANK P. REESIDE, Secy. Denv & Rio G pf. 214 | Union Pacific..... 1204 120% 120 | the market gathered additional Germany being reported purchasing Dome Mines 11% | United Drug...... 18 108 ws [ ness and carried prices downward | labout 400,000 bushels. but at the fin- Endicott-Johnson. 58 68 | United Fruit......205% 205% e e vorn atket. After |1Sh the market showed a net loss of Heter 14% | United Retail Strs. 5% 65% e T Meo 15 lower, " including | 3% to 4 from the previous close. Erie 15t pf. 21" | USFood Prod..... 2276 24 e %0 %335 the market cons |With March at 173% to 1.73% and Fisk Rubber. 14% | U S Realty . 485 49 Oats, like other grains, were weak, 2 LS Gaston William 5 |USRubber....... e 6% and aiter starting % to 1 off. with e e THE BUSINESS REVIVAL Gen Asphalt.. 4% | US Rubber 15t pf. 102% 103 May 48 to 48%, declined rapidly. 2 jac : Gen Cigar. % 6on|USSteel..c...0n.. 825 Provisions were dull and easier, |38 Was Eiven by holders of bids, the The Terival o busiaess will be Gen Electric : b 3 c Potatoes—Receipts, 48 _ears; north. of ‘the latter £ for pret byt b iRl patiic Gen Electric uamtihfdv"-- e te saeked. 1.20aT35 per hun. |Brotect themselves on the way do contidence. We are Gen Motors. . .. : 4% 1% | Utah Copper. e S At the finish prices were 3% to the _economic = rea made : 6 Rt C dredweight; unchanged; bulk, 1.30a e ean. o 5 ccesaary by the war. wid the W o o @ [ Jouddion G- T B 1140 per hundredweignt. below, the previous finish, with May Changes are being weath e codrich. . a -Car Chem..... i6% 6% gl o - 0% to T0%. . Ccause for _congratulati £ Great Northern pf. 6% NEW YORK, January 15.—Butter— Tow. Close. ready some factors of fundamental Great Nor Ore o Steady: receipts, 13.181 tubs. Cream- 1730, 1.38% soundness are radiaiing confidence Houston Oil 3 ery, higher than extras. 52%:a53; ex- 1,66 1.68% a8 to the gradual but assured re- ust g(n il. . 7. West acit < 5 tra (92 score), 51%a52; first (88 to 91 covery of business conditions. Hupp Motors...... 13 18 12% 12| Western Pacific... 7% 2% 2% score), 43a51; packing stock, current 7015 Illinois Central.... 59% 9% 9% 9% | Western Union.... 87% 1% 8% 8% | make, No. 2, 20. % s Inspiration. . % 3% 3%y | Westhouse E& M. 4% % % %] Eggs—Firm: receipts. 8734 cases. o o e e Interboro Metro... 4% 4% 4% % |Wheeling &LE... 10% 10% 10% 10% | Fresh gathered, extra first, 78a79; do., x 02 e taremuitialt Tnansites: Interboro Metpf.. 13% 11% 11% 11%|Wheeling&LEDf 17% 17% 11% 1% |first, 76a77; state, Pennsylvania and & First Mortgage Notes on Washin; Intl Agri Chem pf. &8 White Oil. 104 16 16 [nearby western hennety. white first| CHICAGO LIVE STOCK MARKET. ton.” DG real eatate whowld ap- ;. do., . A pai to you becanse they are safe, Intl Mer Marine... 14 o% ek awlto e;:m‘:l’h“j}ea A W O i | CHICAGO, January 15 (United States Yffer a iiberal return and are at par He o RO O 8 6 w8l do. Eatnered N erator, firats, | bureau of ‘markets). — Cattle — Re- every day of the year. Intl Track 24 pf... 63 6% 6" &ote| Woolworth. . it il LTS . eisonace Intl Nickel % 3 1 15 |Worthington Pmp. 6% % % % |gCrctopnirmi tecents: {103 Yoariy | steers, asking 25 to 50 lower; others SWARTZELL, RHEEM & otiBaer BBY% BN B8N 69l High Low. Last. | made, specials, 28a28%: do, fall|3Veraging fully steady: —shesie HENSEY CO ntl Paper (sta)... 8 7 W T CallMoney..... 6 6 6 |made 26a26%: do, average run, 24a | Steady to 25 lowe ognas bulls, Co. Iron Products..... 38% 40 28% 40 P535: state, whole milk, flats, fresh, | 50 to 75 lower; fat, heavy calves, 1.00 Island Oil. % (% 5 4%| HOURLY SALES OF STOCKS. Bpocials. 24%a25%; do., average run, | Lo 150 low £ stockers and feeders 727 Fifteenth Street N.W. Noon prices (by Redmond & Co.) reported for Star_over direct New York-Washington of Paris Gs 1921 Dominion of Cavada 5 French goveroment 8s. Government of Switzeriand 8a. Kingdom of Belgium 7ix. . K. of G. B. and Ireland . and Ireland . and Ireland . and Ireland and Tel. 4. Atchison, Topeka and Sunta Fe gen. 4s. Atlantic Coast Line 7n. Baitimore and Obio coat Baitimore and Ohio s. Baitimore and Obio . Bethlehem Steel refd. Ss. Central of Georgia Ry. Ga Central Leather 6. hesapeake and Ohio conv. 4%4s.. Ohesapeake and Obio gen. 4148. Chesapeake and Ohjo comv. Ss.. Bur. and Quincy jt. éa.. Mil. and St. Paul refd. 4% Mil; and 8t. Paul conv. 4ign.. Chicazo Nortbwestern 7s 1930. Chi., Rock Isiand and Pucifie refdg. 4o.. ‘hicagn Union Station 6%s. ~olidated Gan 7a. : Delaware and Hudson 7s 1930. Erie general llen 4x al Fleetric @ s Central 5% : natinal Mercantile M: nier. Lapid Trewsit Ist and ref. Louisville and Nushyilie 7s 1930, Mo., Kan. and Tex. ist 4s. Mistouri Pacifie general 4« 4% 1 ios 19220 TODAY’S BOND PRICES. ew York Central 7% 1930. New York Central deb. 5. w York Telephone 6s. Pemmsylvania Co. 4ls 1921 . Pennsylvania 58 1 Pengayivania 7s of 1930.. Seaboard Air Line refds. Beaboard Air Line Southern Pacific 1st ref. 4s.. Southern Pacific conv. 5s. Southern Railway gen. 4s Southern Railway Bs. L weific st 4 RESERVE BANK STATEMENT. NEW YORK, January statement of condition of the Federal Reserve Bank of New York, at the close of business January 14, shows: Total gold reserves, $431.971,939 total reserves, $583,099,909; bills dis- counted, secured by government war obligations, for members, $393,522,« 220; all other, for members, 051,978; bills bought in open mark $57,173.705; total bills on hand, $89. 747.905; total earning assets, 396 760.705: uncollected items and other deductions from gross deposits, $151,- 622,667; due to members, reserve ac. count, '$677.402.441; total gross de- | posits, $783,569.817: foderal reserve ne in actual circulation, $800,181.- | 450: ratio of total reserves to deposit {and federal reserve note mbined, 40.6 per cent. W YORK, January 1 mercantile paper, 7%a8; exchange regu- lar. Sterling 60-day bills. 3.68; com- mercial 60-day bills on banks, 3.68; com- demand, 15—The | liabilities i D —Prime 1lam.....12200 12m.. 23a24. Poultry—Live, not quoted; dressed, steady and unchanged. CHICAGO, January 15.—Butter— Higher: reamery, extras, 48% standards. 47. Eggs—Higher; receipts, 4.424 cases: s 12a72%%:; ordinary firsts, 65%a at_mark, cases included, 67 6975 : refrigerator firsts, 62a63. Poultry—Alive unchanged. —_— CURB STOCKS. - 811 800 SHORT-TERM SECURITIES. (Reported by Frazier & Co.) American American Amesican rolshed by W. B. Hibbe & Co. merican < 1932 Quotations fo g American 75 1923 99% e Anaconda Copper 6a 1920, 1. H8 Astes nglo-American Oil 7%s 1925.. 100% 1 Armour & Co. 7s 10%‘ . 97% :l’[‘l:‘d EOI'TOI"Q' Bethlehem Steel 7 1922, 7% American Candy . Bethlchem Steel 73 1923. 061, Atlantic_ Petroleum Canadian Pacific 6s 1924 Y Big Heart Central Argentine 6 1927...... 80 Big_Ledse Chicago, B. I. & Pacific e 1922. 95 Boone 04l Sy G, & Bt Louls 6 1020, a9y, Caledonia Calumet and Je Canada Copper Carbon_Steel . Carib Snydicat Carib Trading Car Light and Colonial Tire . Columbian Emerald . Hocking Valley 6s_192: Kennecott Copper 7s 1 Hogs—Receipts, 12,000 head; active, steady to strong, average ; top, 9.75 steady to 10 lowe 90 to 130 pound pigs, 9.60a9. Sheep—Receipts, pared with one week ago, weight lambs, lambs, 1.00 to 1.50 lowe 75 to 1.00 lower; fat sheep, 50 to 75 higher; feeder lambs, 25 to 50 higher. NEW YORK, January 15.—Dun’s re- view of trade says: “While progress toward recovery is more clearly discernible, reviving de- mand in some quarters of late has only developed after further price yielding, and waiting is still the rule in lines where an extension of the price deflation shadowed. Indioations multiply, how ever, that certain trades are beginning to emerge from their long-continued lethargy, goods conditions being especially con- spicuous, ance of buyers in some of the leading markets is evidence alike of their re- Washington, D. C. with yesterday's N, WN. bulk, 9.309.60 - Diks, THE NATION’S HOME TOWN. ; bulk, desirable, 4,000 head: com- UNION T ANNUAL REPORT OF THE UST COMPANY OF THE DISTRICT OF COLUMBL as required gress. approved Oc ur ended December handy lower; weighty yearlings, REPORT OF THE CONDITION of the MOUNT VERNON SAVINGS BANK, At Washington, in the District of Columbla, the close of business Decewber 20, 1920. to 7 TRADE CONDITIONS. RESOURCES. 1. aloans and dis- counts, including rediscounts (ex- cept those shown in b and c)....$1,300,818.13 S b Acceptances af is seemingly fore- other banks dit counted . 75,000.00 the improvement in dry 2. Overdrafts, unsecured. $312 3. U. 8. government securit owned: a Pledged ... © Unpledged . and ‘the increaseq attend- Columb'a Syndlcate . 4 | newed interest and a growing need i onihrestem o e Conseridated Copper - % | for merchandise. Total U . gov- Rift & Co. 6o 1900, “resson Gold - “While purchasing is still cautious e Texas Co. Tv 1923 Davis.Daly and restrictez. it is larger in some in- na Dominion Eik Busin Briel 03l Bureka Croesus - Farrell Coal Federal Oil . A a Oil Western Electric Westiughouse E. & 3 | atempoiuntatl FOREIGN BONDS. Quotations furnished by W. B. Hibbs & Co. Closing price k Guffey-Gill Bremen 41, a0, 3 Krupp 4 Chemnits .. Bad Aniline 4 Al Ges. 4148 183 Meln'ger Bank 4s 17 Nord. L. Bank 4s 17 Boriimer Beak % 17 r 4 Vieara 4. ke Vienna e h S «;3 c r Indn Packink Intercontinental Rubber.. International Petroleum (new). Jerome Verde . Magma_Copper Maracaibo Ofl . 1 Marland Refines 3 Mason Valley % 80% | Merritt Oil . 12 Ttalian notes 1935 38" | Midwest 0 1% Belgian Hest. 3s. 6435 | Midwest Oil pfd. 1 Belgian Prem. 5s 6713 | Midwest Refining. 140 Nevada Ophir - 1 New Corneila . 13 Nipissing Mises 0! 8 North Amer. P. and P. Northwestern Oil Omar Oil (uew) . nnok Oil . Perfeetion Tire Producers and Refinel Radio com. .... Radio ptd. Ray Hercules . Ryan Consolidated . 8alt Creek Producing NEW YORK, January 15.—Liberty | bonds closed—31is, 92.30; first 4s, 6.8 i bid; second 4s, 87.00; first 4%s, 87.60; second 4%s, 87.12; third 4i4s, 90.30 fourth 4%s, 87.22; victory 3%s, 97.20; victory 4%s, 97 —_— DIVIDENDS DECLARED. Balt Creek (new) Sapulpa_com. .. Stockof Pay- |Simms Petrol oliceeeeos Tecord. able. | Skelly Oil .. $2...Jan. 4 Jan. 15 | Sweets Co. Switt Internationsl TU. 8. Ligh U. 8. Light and Heat pfd. United Profit Sharing . ¢. 8. Nlnmlhl‘?. United Retail Candy. l\\n\' od_Oil Union Tank ¢ o %3 : Mar. 2 EY GOODS SALES IN(-!REASE. N Wayne Coal {tua CHICAGO, January 15.-—Marshall | WEEht Aero © |ana | N E Field & C in th CHICAG! MoN AND EXCHANG! o eir weekly review | Armour L Armour Teather pfd. of the whoiesale dry goods trade, Armour pfc ®ay: “Current wholesale distribu- | tion of dry goods was not us large as | Litsy” .o c.. during the corresponding week of | National Leather. last year. Orders from salesmen on |8wift and Co.. the road were slightly lesa tharm for | Union Carbide .. the same week last year. There were [ Wabl e:ceeecoaomocnenms 20 more customers in the house, and ———— Potn fn”dha house 4nd u oo reaf | Other Pinancisl News, Page 3, Collections were not up to ot - ard of the same week :,“1:0‘\50 stances than had been expected. is the more wholesome and reas because ments and not on specu tions. Weekly bank clearing: 028, COTTONSEED OIL STEADY. 9. aDue from na NEW YORK, January 15—The cot- | flual patks.. tonseed oil market closed steady. Tt S ety Prime prime crude, 6.25; January, 8.50; Feb. ruary, May, 9.16; June, 9.16; July, 9.4’ gust, 9.50. Quotations furnished by W. B. Hibbs & Co. Anglo-American Oil Co. (new).. Borne-Scrymser Ce Buckeye Pipe Line Crescent Pipe Line Ce Cumberiand Pipe Line. Eurcka Pipe Live . lilinos Pipe Line (o Indiana Pipe Line Co. National Transit € New York Transportation Co Pennsylvania-Mexi Prairie 0il and Gas C Prairie Pipe Line Co. Standard Oil Co. Ind. (B Standard 01l Co. Btandard 041 Standard Oil Co. Nebraska. Standard Ofl Co. New York.. Standard 0il Co. Ohio Swan & Finch Co. Union Tank Line Co. Vacuum 0il Co. Washington Oil Co. shows a deficit in Teserves of §$2,07 duc to a decrease from last week of | $11,203,920. o NEW YORK, January 15.—Bar sil- ver, domestic, 99%; forelgn, 67 can dollars, 51%. LONDON, 40%d. per ounce; e LERG s . eent, 4. a Bonds, ties, than U cluding pren on suu aring it is based on actual require- ive anticip: $6,951, 987 Total bonds. s other than U. S.... 7. Furniture and fivtures. summer yellow, 8.50a8.80; 10. Exchanges for clearing 11. Checks and other cash items 12, Cash in vault........ 14 Other assets— Customers’ ~ liability on count of ‘‘accepiances’ Revenue stamp 8.78 Au- Total sales, 5,000 barrels. —_— OIL STOCKS. March, 8.74; April, 8.5 LIARILITE 15. Capital stock paid in. 16. Surplus fond .. 17. a Undivided profits b Less current es- nses, interest 1 tazes puid. . tic Refining_ Co. . Co. jenal Oil Co. com. ationul 1 0il Co. ptd. - $10.012.24 able wi 3 23. Individual deposits subject to lexs than 30 days (other than for money borrowed). 28. Other demand deposits... Total demand deposi 26, 21, 23, 24, and $508,110. ‘Time deposits (payuble after 30 days, or subject to 30 days’ or more notice): 20. Certificates of deposit (other than for money borrowed).. 2. Other time deposits. Total of time de 29, 30, 31 and 3 35. Blils payabie cates of deposit money borrawed items Kanms. . Oo. Kentucky. —_— 5W YORK BANK STATEMENT. EW YORK, January 15.—Th I condition of clearing house banks trust companies for the week | ,399. 1. WILLIA med bavk, do { statement 15 trae and belief. best of WILLIAM R BAR SILVER QUOTATIONS. 1 day of January, Mexi- | (Seal) ROBT, A. CISSEL, Notary Public, D. of G Correct—Atteat: January 15.—Bar sllver,| B Golden Donaidson, J. H. Raden. cent. Discount rates—Short billa, 646% per | B & Denmor ™™ % 1 Bamat Three-month bills, 611-16° per | We Mueheisin, Fred Homit. e s — “H. C. Moses, i Directors. of the above- nly swear that the above nowledge AL Subscribed and sworn to before me this 1ith Ll thorized and fully / ... .$2,000,000.00 Semi-annually Paid R Ou Savings Account S24:902.06 THE CLINTON BANK 168.35¢ Clinton, Md. ‘W. Gilbert Dent J. Frank Deat comber = 104, President Cashier Dividends 140 Total e ol S LI b REPORT OF THE CONDITION Of the WASHINGTON MECHANICS' SAV- INGS BANK shington, in the District of Columbis, a8 A the close of business December 29, 19 l RESOURCES. 1. a Toans 2nd discounts, includ- Thos. T xcept those s paniil 2 Overdraf L5 W & : o 3. 0. F. government sccurities S : t"llv»;:ulxhl‘ : o Ly ety A A T et "ot b | 'r'f"'":d“;“““l‘“‘;‘."‘i | B S renaeats hecks and. otler cash items b Cash in va . ’ TAMILTON L Other assets - AN AMEBIE, Total ...... 1 LIABILS 115 capital stock paid in of 3 i i 1o | 1 SRR e peesics 8 (Notarial & AM MILLER. b Less current ex- My commiss. and tases pa 1485748 Total nimie Lo B ifs. company o to nationnl tanks Miller Train Control Stoc aie. wiinin 30 deger fought. Sold, quoied. Inquiries. invit 122 Individual deposits subject to . 3. Easterday. 1410 AT 3oy clieck SR e st P oy unpaid T Tand depoits. ¢ Money to Loan : Secured by First Deed of Trust on Real Estate. s to 30 Erevellizg iniertie and iesmatiomian; W Joseph I:\ ellersiic Mo asd & avm | o odt® Jfor mumey rowed) . 4642t Total of tim 29, 30, 31 an Money to Loan . on real estate { statement v true 1o the and belief. K. H. BAGBY, ‘reasurer. P ilin £ i S Bubecribed and sworn o befors me this 12tk revailing rate of interest eealy U*“HUBERT N. ROBERTS, Notary Public. Correct—Attes! H. L. Rust : : . L. NUS 912 15th St. N.W. RERG Direetors A . o] J° o g0 § Columbia Building Association | 620 F St. N.W. j Under Government Supervision |1 Organized 1908 with authorized capital, ten million ; dollars. Twelve years’ successful business without the : loss of a dime. | Pays 5% interest, compounded twice a year ‘ One dollar will start your account DIRECTORS 0 ANTON A. ATTH HARRY B. DENHAM FRED H. KRAMER FRANK J. AUTH JOHN B. HARRELL C. ALBERT WHITE . W. BRAHLER CLEMEN KROGMANN J. WM. WEBER An Income of $70 Per Year on Each $1,000 Invested. You can do this by investing in our A First Mortgages. At the same time you will know that your principal is absolutely safe. Over a Querter We attend to all details free of ex- of a Century pense to investors. Without a Loss. B. F. SAUL CO. Mortgage Loans t Automobile Insurance Fire Insurance Managers of Estates and Rental Properties 934 N. Y. Ave. N.W. Open Saturday 5:30 P.M. to 8 P.M. ZLincoln Said: “In the midst of other cares. however important. we must rot loso sight of the fact that the war power is still our main reliancs. ““Ard it may bo esteomed fortunsts that in giving the grest- est efficiency to thoss indispenseble arms we do also bonorably recognize the gallant men, from commander to sentinel, who [} compose them and to whom moro than to others the world must stand indebted for tie home of freedom, diseathralled, reges- srated, enlarged and perpetuated.” ¥ DUTY —is a fundamental of real Banking service as conceived by the Lincoln Bank. It is both intensive and_extensive. To the de- positor it means the safeguarding of his funds, conservative investment, fulfillment of contract, preferential consideration in time of stringency, an attitude of friend- liness and helpfulness. Sabings dccounts 39, Interest Our Savings Department Depositors are requested to have January 1st interest credited in their Pass Books. Commercial Accounts Monthly Statements Rendered Foreign Exchange At Lowest Rates . The Lincoln ‘ ————— NATIONAL BANK S { —