Evening Star Newspaper, January 18, 1921, Page 23

‘NEW YORK STOCK EXCHANGE. Received by Private Wire Direct to The Star Office. Open. Adv Rumley pf.... 5% Alaska Gold. . 1 Allied Chemical... &% Allied Chemical pf 92 Allis Chalmers.... 35 Allls Chalmers pf. 79 Am Agr Chem.. 58 Am Agr Chem pf.. 79% Am Beet Sugar.... 46 Am Bpsch. 51% Am Can. 7% Am Can pf. 87 +Am Car & Fdy..... 123% Am Car & Fdy pf.. 112 Am Express...... 126% Am Hide & Lea. 8% Am Hide & Lea Am Ice. . Am Inters Am Locomotiv Am Loco pf....... Am Safety Razor. . Am Ship & Com Am Smelting... Am Smelting pf Am Steel Fdy. Am Steel Fdy pf Am Sugar. . Am Sumatra. Am Tel & Teleg Am Tobacco. . * Am Tobacco (B) Am Woolen....... 6% Am Zinc & Lead 9 Am Zinc & LA pf... 33 Anaconda. ... 384 Asso Dry Goods 26 Atlantic Cst Line.. 84% Atchison. . Atchison pf. - Atlanta Bir & Atl.. 6% Atlantic Gulf. Atiantic Gulf pf... 2% Baldwin Loco. Balto & Ohio Balto & Ohio pf. Beth Steel (B) Beth Steel 8 pf Booth Fisherie: Bklyn Rapid Trn. Bkiyn Rap Tr etfs. Brown Shoe. Brown Shoe p Burns Bros. Butte Copper. 5 Eutte & Superior.. 13% Butterick. 19% Caddo Oil . 15% California Pekg... 62% California Petrol.. 3) California Petpf.. 73 Calumet & Ariz... 0 Canadian Pacific. . 116% Central Leather... 38% Central Leath pf.. 93 Cerro de Pasco.... 30% Certain-Teed. . 3 Chandler Motor... 6% Ches & Ohio. . Chi & Eastn 111 pf. 6 Chi Great Westn.. 8% Chi Great W'p! Chi Mil & St P. Chi Mil & St P Col Gas. . wees 60 Col Graphophone.. 10% Col Graph'pf...... B6% Comp Tabulator... 38 Cons Gasof NY... 81% Cons Intl Cal Min.. % Cons Textile Cont Candy. Corn Products € Cosden & Co. 30% Crucible Steel. . 9% Cuban-Am Sugar.. 28 Cuba Cane Sugar.. 53 Cuba Cane Su pf... 6% Del Lack & Wstn.. 210 Denv & Rio Gr. . 1% Denv & Rio G pf. 2% Durham Hosiery 3 Elk Horn Coal 1% Endicott-Johnson. 5% Endicott-John pf.. 93 ... B4 Famous players pf 80% Fed Mines & Spf.. 27 Fisk Rubber... 1% Freeport Texas. Gaston Willlams Gen Mot 6% deb Goodrich. ... 0% Granby Consol 2% Gray & Davis. 12 Great Northern pf. 76% Great Nor Ore.. ... 23 Gulf Mo & N pf. 2% Homestake. . £0% Houston Oil. 2% Hupp Motors. . 12% Illinois Central 8914 Inspiration....... % Interboro Metro... 5% Interboro Met pf.. I18% Intl Agr Chem.... 1% Intl Agri Chem pf. 3% Intl Mer Marine... 15 Intl Mer Marine pf. 54% Intl Motor Truck.. 24 Intl Truck 1st pf, k3 Intl Truck 2d pf... 6% Intl Nickel. .eee 16 . Marlin-Rockwell.. 16 Maxwell Motors. .. Miami Coppe: Middle States Oil.. 13 Midvale Steel. n% Montgomery Ward 17% Montana Power... 5% High. Low. Close. 51% 1 525 92 |Stand Ollof NJ. Southern Pipe Line South Penn. 0il Co. Lead Natl RysofM2d.. & Nevada Copper.... 11 New Or Tex & M... 64% N Y Air Brake..... 81% Nova Scotia Steel. . 82% Oklahoma Prod... 3% Ontario Silver. Otis Steel. .. Orpheum Circuit.. 27% Pac Gas & Elec.... 7% PacificOil.... Pan-Am Pete. Pennsylvania..... 1% Penn Seabd Steel.. 15% Pere Mrq prior pf.. 55 Phila Company.... :’h Plerce Ol pfoea... 78 Pites Coal. - . cee Pitts & W Va... Pond Creek Coal. . Pressed Steel Car. 87% 8 52 5% b o L3 12% 2 Bt Louls Southwn. 28 StionisSown pf.. 39% 21% 0% 10% B4 100% 67 & 2% 3% 4% k% 2% (U 4% 5 % 4% 15% 36 % 82 % 2 e 66% 2% 2 = 9% Open. High. Low. Close. Santa CeciliaSug. 4% 4% 4 4 Savage Arms. 8 Saxon Motors..... 4% 4% 4% 4% Seaboard AirLine. 6% 6% 6% 6% Seaboarc ALpf... 1% 11% 1% 1% Sears Roebuck. Seneca Copper.... 204 20% 1% 20% Shattuck-Arizona. 6% 6% 6% 6% Sloss-Sheffield Southern Pacific. . Southern Pac rgts. 10% 20% 19% 20% Southern Railway. 23% 2% 28 Ed Southern Ry pf.... 59 Stand Oil N J pf. Stewart-Warner.. 81 31 81 38l Stromberg Carb... 37% 8% 387% 38% Studebaker. .. Submarine Boat Superior Oil. . 13 8% “ 435% 4% S&PC&Oil. 20% 0% 20% 2% rd Avenue. Tobacco Prod. Trans Contl Oil. Underwood. Underwood pf Union Oil. Union Pacific Union Pacific United Drug United Fruit..... United Retail Strs. 56% 56% 65% B6% U S Food Prod U S Realty. U S Rubber U S Rubber 1st pf. S Smelt & Ref eel.. S Steel pf. Utah Copper. Vanadium Corp. va-Car Chem. bash pf A 21% 21% 2% 2% “| Webber & Heilbron. 1% 114 .11 11 Wells-Fargo Exp. 66% 67 6% 67 Western Md. . % Western Pacific. .. Westhouse E & M. 44'a 4% % % Wheeling &LE... 104 1% 10 10 White Motor. . 3% 39 8% 88Y% White Oil... .15 15 W% 15 Wilson Company.. 44 4 4 4 Willys-Overland.. 7% 8 % T Worthington Pmp. 46% 4s% 46% 3% High. Low. Last. Call Money..... 6 6 6 HOURLY SALES OF STOCKS. 1lam. 147000 12m.. 1pm. 21410 2p.m —_ LIBERTY BONDS. i Liberty 3128 (6-15-47) . Liberty 18t 4s (6-15-47).. Liberty 2d 4s (11-15-42) Liberty 1st 4%s (6-15-47) Liberty 2d 4%s (11-15-42).. Liberty 3d 4%s (9-15-28)... Liberty 4th 414s (10-15-38) . Victory 3%s (5-20-2: Victory 4%s (5-20-23) LexgRxR@go E5885883e3 se=gzexgy LE=2g88s58 OIL STOCKS. Quotations furnished by W. B. Hibbs & Co. Bid. Asked. Anglo-American 0Oil Co. (new).. 19% _ 19% Atlantic Refining Co. 1025 1 410 Indiana Ppe Line Co National Transit Co. BeZuzagesbiehtiag 5§§= PLIS H R FETEPEE I 113 70 318 817 72 73 575 600 415 430 390 410 347 850 390 400 35 50 us u7 295 305 30 £ —_— CURB STOCKS. I Quotations furnished by W. B. Hibbs & Co. Alliea American Candy Atlantic Petroleum . Big Heart Aetna Explosives [ 516 % 1% 2% r3 Boston and Wyoming. 1 1116 Caledonta 14 16 Calumet _and Jerom % % Canada Copper % % Carbon_Steel 27 - Carib Syndicate 8% 8% Carld) Trading 30 Car Light and Power.. 2% 2% Cities Service (nes 204 Cities Service (sid 260 Cities Service pft 61 L3 Colontal Tire S T Columbian _Ei 3, 4 Columbia Syndicate . 5% @ Consolidated 2 2 Cresson_Gold % 1 Dayis-Daly 8 10 Dominion il 8 10 rant Motors 15 15 Elk Basin A Ertel 0il . % i ka Croe 53 54 Farrell Coal 18 21 Federal 0il 2 214 Gilliland O ‘pfd. 82 88 Glenrock Oil = 24 Gilliland Ol 20 25 Goldwyn Plet: 4% oy Guffey-Gillespie . 26 21 Granada Of 3 7 p 3¢ + 0% 1 Indian Packing 3y 4 Intercontinental 7% 8 International Petroleum (aew).. 16% 16 Jerome Verde 116 31 Kay County G 1 % Lake Tor 14 Leligh Coal 70 7 Love Star G 24 z Livingston Petroleam 3% 3% Magma_Copper 21 Mauracaibo O3l 13 T3 Marland Refin 3 Mason Valley 1 Merrite Oil ~..0.00 12 2% Midwest Oil ‘com. 1% Midwest Oil pfd 3 n 40 142 Nevada Ophir 2 New Corneila 16 North Amer. P. Northwestern 01l Omar 0l (new) Pennok Oil ... Pertection Tire Nipissing Mines' Go. = Radio pfd. . Ray Hercules Ryan Consolidated Salt Creek Producing.... Sult Creek (new). Sapulps com. “Touopah Divide Tonopah Extes Tropical _Oil United Eastes U. S. Light and Heat com.oeam 1 U. §. Light and Heat pfd. United Profit Shari U. S. Steamship. United Retail Caj United Texas .. 1S * » - FPRES SR FEERE FRR FRFE R Bomn w8 BuaaalBE weonenla 5 . "L n_|CANNERS ELECT D. C. MAN. Frank E. Gorrel Is New Secretary and Treasurer. Frank E. Gorrel of this city was elected secretary and treasurer of the National Canners’ Association at the convention in Atlantic City, N. J., last night, according to a dispatch received ‘*ere today. Harry P. Strasbaugh of Aberden, Md., ‘was chosen president of the association. Discussion during yesterday’s session hinged about & new relation between modnm and consumer, in which the ter will be given full information as profits in preductien 5o e FINANCIA THE EVENING STAR, TUESDXY, JANUARY 18, 1991 SHARP GAIN MADE | INLIBERTY BONDS NEW YORK, January 18 (Special). —The chief incidents in the bond market today were a further rise in liberties, more selling of the bonds of foreign Eovernments, which are expected to be out soon with fresh loans, and the generally buoyant tone in the corporation list. Liberty bonds made new highs for the year under the same sort of buy ing by institutions and by private in- dividuals that has been back of their market for the last three weeks. French 8s rallied a bit in the later trading, but at their low of the morn- ing around 973, they were off more than two points from Saturday. These bonds would certainly have not gone to such a discount had there been any idea that the new French offering would be put out on better terms for the borrowers. On the contrary, the decline in the present issue indicated something of a fear that the French government might have to pay even more money this time than it did be- fore. Belgian 7%s were a bit steadier, but the 6s of 1925, were Off another half point to 91%. Swiss 8s were un- changed. Action in Tractions. Traction bonds did not, as a rule, get back to yesterday’'s high, but still they retained the greater pant of what they had gained. Although favor- able action on the fare question at the present legislative session is re- garded as doubtful, the traction mar- ket was hoping today for a further temporary stimulus to be given by the special message on traction af- fairs which the new Governor of New York is to send to the legisla- ture within the next few days. Chile Copper bonds were again in de- mand with a further advance to 75, at which figure they were up over 12 points from last month's low. The other fea- ture in the industrial Section was the Westinghouse Electric 7s, which got up % | above 95. Among the rails the feature was the greater activity and strength in invest- ment bonds of the second rank, such as Missouri Pacific general 4s, Missouri, Kansas and Texas s and Southern rail- way 4s. Rock Island refunding 4s_rose a point to 69%. New York Central de- benture 6s made a new high at 9215 Baltimore and Ohio gold 4s struck 70 for the first time. Atchison general 4s held their full advance at the 79 level. — T MONEY AND EXCHAN NEW YORK, January 18. mercantile paper, 7%a8; exchange firm; sterling 60-day bills, 3.72; com- mercial 60-day bills on banks, 3.72; commercial 60-day bills, 3.71%; de- mand, 3.76%; cables, 3.77%; francs, demand, 6.34; cables, 6.35; Belgian francs, demand, 6.66; cables, 6.6 guilders, demand, 33.00; cables, 33. lire, demand, 3.51; cables, 3.52; marks, demand, 1.60; cables, 1.61; Greece, de- mand, 7.48; Argentine, demand, 35.00; Brazilian, demand, 15.12; Montreal, 12% per cent discount; government and railroad bonds firm; time loans steady; 60 days, 90 days and 6 months, 6a6% per cent. 1 Coblenz 4s. | Frankfurt bs. FOREIGN BONDS. Quotations furnished by W. B. Hibbs & Co. Prices at noon: Berlin 4s.. 16 German gov. 3%s 13 Greater Bbrii 1 Bremen $s. Chemnitz Cologne ds. Danzig_4». Mein'ger Bank Darmstads 171, Nord. L. Bank Dresden 45. .. Preuss Rank 4 Dresden 414s. Dusseldort “4s. Essen 4s.. Frankfart Hamburg 8. Hambnrg 3! Humburg 4. Hamburg 4% Koen!guberg 48. Leipzig 4las. Telpzie 5 Munich German Italian 5s. Ttalian nofes i Relgian Res el P YOUR REINVESTMENT and February are months ital is availuble for re- invests due to seasonal lquidn- tions. It is a most agreeable fact that nearls every day one or more of our cients nuthorize the re- investment of their funds in our First Mortgage Notes on improved Washington real estate. Capltal for reinvestment indi- catos consummation of a safe and sound transaction. 1 you are considering the pos- sibilities of speculative stocks for Junmary purchase, the superior sta- bility, _ regalarity and satety of fhese’ Wushington notes should ap- peal to you SWARTZELL, RHEEM & HENSEY CO. 727 Fifteenth Street N.W. Washington, D. C. THE NATION’S HOME TOWN. Office Manager Thoroughly Experienced Executive trained in real estate, insuremce, bazk- and financial matters, new com- d with large corporation, desires consider responsible or make_investment 2 14% Ges ov, 4a.. 1335 salaried position, T FINANCTAL. CITIES 1 SERVICE STOCKS BOUGHT SOLD QUOTED THOMAS W. BRAHANY & CO. Investment Securities, 510-511 Evans Bldx.. Washington, D. C. ain 6189, Money to Loan on real estate Prevailing rate of interest FINANCIAL H. L. Rust 912 15th St. N.W. Glit-edge First Mortgage || Notes, secured on D. C. Real s === JTIZENS SAVINGS BANK Commercial Accounts Safe Deposit Bozes . Monthly States ment Servieo EQUITABLE CO-OPERATIVE BUILDING ASSOCIATION Organized 1879 41st YEAR COMPLETED Save While You Have the Opportunity Sotematic ssving plan of the mcitinss bave saved most substantial suma, Subscriptions for the 80th Issue of Stock ! Shares, $2.50 per Month | EQUITABLE BUILDING, 915 F St. N.W. JOHN JOY EDSON. President FRANK P. REESIDE, Secy. |! Money to Loan Secuted by First Deed of Trust on Real Esa:- revailing interest and commission. Joseph I. Wellerdll " ¥ anar’ B Investment” is a magazine of ® reliable and up-to<date news @ abouthigh grade securities. Con- @ tains just the information you need, if you w:nl;?dhe well posted on B e et ot Pt o s et ore per mont 0 an invest- B Tent Bervice costing $100 0 $120 per B year, says one reader of “Investment.’ ‘Ask us for a free trial subscription. S KRIEBEL, 5 00 HE A e E soundness of Cas- satt investment rec- ommendations has been tested by an ever-increas- ing clientele for over forty-eight years. ‘We shall be glad to aid you in the selection of conservative securities for the investment of your § funds. “Cassatt Offerings” will be sent upon request. Kindly ask for Ofroular 3-3 CASSATT_¥ CO. PHILADELPHIA 4 ST.PAUL STREET BALTIMORE HEW YORK - PITTSBURGH - SCRANTON We Offer Atlantic Gulf & Pacific Steamship Corporation Preferred and Common Stock on the following basis One (1) share 8% cumulative and convertible) preferred stock, par $100.00. One (1) share common stock, no par value. per share or more; and New York 42 Broadway Tel Franklin 6100, New York Stock Exchange New York Cotton Exchange New York Produce Exchange New Orleans Cotton E_xclun;u Facts and figures relative cheerfully supplied, States and Canada. THOMSON & McKINNON WASHINGTON 1412 H Street N.W. Members Our private wires extend to leading cities in the United Snd-latiwfiudvutohmra{nflrfln.mnu You Receive 7% Interest on Your Investment in FIRST MORTGAGE NOTES Secured by high-class real estate valued at more than dou- ble the amount borrowed. All details handled by experts, who can best maintain the safe- ty of your investment. Any amount from $100_ up can be placed and interest will start at once. Full particulars gladly fur- nished. SHANNON & LUCHS, Main 2345. 713 14th St. $125.00 per unit Among the many unusually attractive features of the offering, besides safety and income, are (1) The large potential market value of the shares, be- cause of the company’s tremendous earning power; (2) The common stock, which, we believe, under normal market conditions would command a price of $100.00 (3) The established fact that the early investors in every new industry or undertaking make the largest profits. Full Particulars Upon Request FRADKIN, MEHLMAN AND STUART, Investment Securities Chicago 209 S. LaSalle St. Herbert H. Brown, Manager, Chicago Board of Trade Chicago Stock Exchange Minneapolis Chamber Come mercce Winnipeg Grain Exchange to securities and commoditics 7 —the week to study advantage of systematic invest- i carefully chosen securities. i Qur office will gladly aid in the selection of bonds ranking high in the investment class. Tl Washington—741 15th St. N, ‘Telephone—Main 3176, As all of the above notes have been sold, this advertisement appears only as & matter of record ;1336 N. Y. Ave. - | 50 Cents Estate, for sale. Thirty years' experience without a loss to STARTS AN ACCOUNT o7, a client. We attend to all i = | s o nmpwy e | | JBERTY BONDS... details. Courteous treatment. THE CLINTON BANK Percy H. Russell Co., Clinton, Md. S.W. Cor. 15th & K Sts. N.W. || w. givert pent 3. Frask Dunt nd Ex 1 President Cashier 04 14th St NW. What Thousands of Shrewd Investors Demand HOUSANDS of shrewd investors have come to the conclusion, in this January period, that one factor in investment is of more importance than any other. This factor is Safety. Such investors do not ask whether an extra fraction of interest can be secured—or “how the market is”—or what are the chances for price advancement. They ask. first and foremost— Is It SAFE? For investors who seek safety above all things, our January Common-Sense in Invest- ing Money has just been published. This Booklet lists a nation-wide diversified selec- tion of the best safe, worry-proof investments. Every issue is surrounded by all the safeguards of the Straus Plan, with its record of 39 years without loss to any investor. If you are interested in finding a really safe investment,.write for this booklet today. Ask for i CIRCULAR 496-G SW.STRAUS & G, NATIONAL METROPOLITAN BANK BUILDING WASHINGTON Telephone Main 5847 Cleveland Phitadelphia San Francisco Yzeh;.::rk Bost":m Indianapolis Milwaukee Detroit Bauffalo Pitisburgh Minneapolis Thirty-nine years without loss to any investor Copyright, 1921, by 8. W. Straus & Co. i NEW ISSUE $1,500,000 United Railways & Electric Company of Baltimore b Ten Year 72% Secured Gold Notes Due January 15, 1931 Dated January 15, 1921 Interest January 15th and July 15th nterest rable at‘the banking house of Alex. Brcwn.& Sons, Baltimore. Coupon Pfil“‘:’t:ll:nge:omlnnum of $1,000 and $500. registerable as to vfin:u!-l only. Redeemable as a whole or in part at any time at the Company’s option on sixty days’ notice at 105 on or hefn.re January 15, 1926; at 104 thereafter to January 15, 1927; at 103 thereafter to J-ml-ry 15, 1928; at 102 thereafter to January 15, 1929; at 101 thereafter to January 15, 1930; at 100 thereafter to maturity, plus accrued interest in each instance. Interest payable without deduction for Federal Normal Income Tax up to 2% ) Total Issue. ..........$1,500,000 From a letter of Mr. C. D. Emmons, President of the Company, we summarize the fol- lowing: BUSINESS—The United Railways & Electric Company of Baltimore was formed by con- solidation in 1899 of all the street railways in Baltimore and vicinity. At the present | time it operates a total of over 418 miles of trackage, serving a population estimated to be about 800,000. FRANCHISES—AII of the franchises of the Company in the streets of the City are per- petual with the exception of about 16 miles of disconnected franchises which are for 25 years, renewable for 25 more. Charter provisions of two of the perged companies per- mitted the City to purchase the jes of these two companies (owning SG.and 13 miles of track) at recurring periods of 15 years, but l!wulhopflfl_’l“ulltlnfllch event the City should pay not only the physical value of the properties, but the value of the FRANCHISES as well. This is an unusual protection to security holders. PURPOSE OF ISSUE—The proceeds of these $1,500,000 notes will be used to retire $1,- 222,000 notes of the Company which will mature February 1, 1921, and for other cor- porate purposes. £ SECURITY—These notes will be secured by deposit with the Trustee of $3,000,000 United Railways & Electric Company of Baltmore First Conslidated Mortgage 4% Gold Bonds, due March 1, 1849, The total market value of the pledged bonds at present prices is about 29% in ex- cess of this present issue of notes. EARNINGS—During 1920 the Company operated on a 7-cent fare, which is still in force. For the fiwnln::-r ended Deunbezzl, 1920 (figures partly estimated), the total op- erating revenues of the Company were $17,308,000, and the balance after the payment of all fixed charges, $1,610,400. After the payment of $560,000 on $14,000,000 Income Bonds, the net income remaining amounted to $1,050,400. The total annual interest charge on this issue of notes amounts to only $112,500. This is only $51,400 more than the annual interest charges on ehe $1,222,000 notes due February 1, 1921, which will be retired by the proceeds of this issue. The Public Service Commission of Maryland has held that “the best interests of the public with respect to the Company r:;iinth-titnhonl@lenmnhhmofnatm— terially less than one and a half times its fixed charges, or $1,500,000 per annum, after the payment of operating expenses, fixed charges, taxes and the making of reasonable allowance for its accident and depreciation reserves.” For further details reference is made to letter of the president, dated January 15, 1921, a copy of which will be fur- nished upon request. WE RECOMMEND THESE NOTES FOR INVESTMENT PRICE 98Y; AND INTEREST, YIELDING OVER 73%.% The above notes are offered when as and if issued and received by us, subject to prior sale and ad- in price, subject to the favorable legal opinion of our counscl, Messrs. Venable, Bactjer and ml?w‘:rd; and llnbjecl to the approval of the Public Service Commission of Maryland. Alex. Brown & Sons (Oldest Banking House in the United States) Baltimore, Maryland. . were obtained from sources we consider relia- ‘The above statements ble, and, while not we believe them to be correct. BOUGHT AND SOLD FOR CASH ol & -