Evening Star Newspaper, January 21, 1921, Page 28

BiG f GANS MADE Y RESERVE BANKS 1920 Profit Was $98,000, 000—Action in National Savings Shares. BY L A. FLEMING. The feueral reseive bank.ng system enjoyed the largest returns .rom iis business operations during the calen- dar year 1920 of any year of its operation. +*Theére was scarcely a moment dur ik the entire year when the Federal ‘Réserve Board was not urging detlation and the curtailing of ivans, but tae constant demand for funds and tue high rates of interest enabied thc dystem to report, after payment of 6 cent dividends on stock, $37,291,000 placed to surplus account and to turn over to tne governuiit $80,724.700 as a franchise tax. ‘the supplus of the banks is now $202.05b.- 000 . Not- formed with the intent of cr. ating big profits, these vank & proving smail gold mines. buy selling_ paper and certain sccurities, exteniding credit only wnen ampiy secured and making large earnings. L S Eventually their entire net profits will g0 to the government, *With the exception o’ Cleveland. Dallas and St. Louis, the oher r gional banks have passed the 10 p cent surplus allowable and are going oyt after a larger surplus. : Lecal Securities. In all sixty shares of the National Sasiigs and Trust Company were traded in on today’s session of the local stock exchange. Tae opening price was 260 a share and the ciosing 280. The official record of trauswc- idos on-the stock exchange for 1320 do. not report any sales of these shares. ‘The official sheet of the stock &¥change quotes the last previous sale at 285. Of late the bid price has been re- duced to 260. With the opening sale ::‘M mpv:m lmmedllt;ly d:‘d\elopeg and. the price was quckiy advance ln(n"‘:o 230. . Rajtway preferred was firm at 51% and §I%. Traction barely steady at 85. -Railway 48 were steady at 59%, ands Potomac Electric general 6s at 923%. ¥ Postpones Financing. The Washington, Baltimore and An- napolis Electric Railway Company has deemed it the part of wisdom to post- pone ocontemplated financing until a ‘more opportune time. It was proposed to raise $2,000J000, part to be expend- ed for the local terminal of the com- pany and part in Baltimore. It is un- derstood that frequent conferences were - held “with bankers, and that negotiations were nearly conclud.d when ‘the determination to postpone ‘was decided upon. The consolidation of the company with the Annapolis Short Line com- fbany, under an operating agreement, as suggested by the Maryland public service commission, will be made ef- . fective in the immediate fature. Commbreial National Bank Election. Directors of the Commercial Na- tinal Bank organised by electing R. Golden Donaldson, chairman of the board; R. E. Bolling, president; James A" Cahill, vice president; James B. Reynol vice president; James H. Baden. cashier: R. W. Hunt, F. k. Ghi- selli. J. Fendall Cain, Walker J. Har- rison and" Robert cashiers, and Donaldson & Tucker, counsel.” Robert A. Cissel wus named auditor. < Net earning for the year were 23.6 ner,; cemt on . the bank's $1,000,000 cap- ital. - James B. Reynolds, the new vice- pg-m assistant secretary of the under Roosevelt, and a member of the tariff commission, as well * Vice Washingtan Stock: Exchange. 3 SALBS. Washington Railway 45—$1.000 at 39 Potomee Electric general Ge—$1.000 at 92 Capital Traction—10 t 85, 10 at 855 at 85, 5 at 83, 10 at 85, 10 at 85. Washington Eailway pfd.—25 at 31%, 25 at Gas Light—2 4t 373, 15 "“‘f’.‘ a Savings dnd -Trust—it at 200 10 3,7 10 a0, 10-at 275. 10 at 275, 10 at ° BONDS PUBLIO UTILITY. Amjesican ‘Tel. nd Telgs. 4s. . Tel. and Tel. ctl. tr. Am. Tel. and Tel. conv. 6s. Anscostia and Potomae 5s. nacostis aad Potomac Guar. e el Fotadior Tispupee Capital Traction R. ity and Suburban Metropolitan . R. 5». Bid. Asked. T . PUBLIO UTILITY. Tel. and Telga Traction . "12‘. 190 153 ) i) 185 213 Washington Laon aud Trust SAVINGS BAN 65 Sesentls Nircet Uamaon jiva. Netioual Un » Flist InasUBANCE. Columbia Title.... - s KeéAl Gatate Title. ki i Mergentualir b, o i Mark. ol i Marl “unston Moot Beuciiy Sw W suiugion Marl X, dividend, —_——— FOKEIGN BONDS. “Quotativur furuaiied by W. 1. Mibbe & Co. Trices al voun Berlin #>........ 148 German gov. 3izs 13 Greatér Beriin 4 1430 Geruan gov. o 138, P German gov. 1 19 Dusseidor 1. Vasen 4a... . Frankfurd e Frankfurt Hambarg 3+ Hamburg 35 Hamburz: i<, German gov. 3s.. —_— the most intelligent of all creatures ex- cept man, is found in all parts of the world except the polar regions. A:" Cissel, assistant!_ uns Textile 52 campaisn .manager for the| 1 uen Motors. i Greut Nortiérn pt. fureat Nor Ure. ... 23 '3i% { Iron Products. . Toewel Teu pf i Keystone Tire i laciede Gas. . { Lonign Valley. ... ) | Lisgetl & Myers bt . iLoft Ine. { Lorrillard. § Lo H .. i Mathison Alki i slaxwell Motors. i May Dept Stores. . ! Jiexican Pete. { Mlami Copper { Mrdvale Steel. . { Minn & St L (n) | Mo Kan & Tex. - FINANCIAL. - NEW YORK STOCK EXCHANGE. Received by Private Wire Open. Adams Express. 2 Ajax Rubber...... %% Alaska Gold. 4 Alaska Juno...... 1% Allied Chemical. .. 52 Allied Chemical pf 98 Allis Chalmers. ... 3¢% Am Agr Chem. 514 Am Bank Note 4 Am Beet Sugar.... 4 Am Bosch ce. B2 Am Can. 2% Am Can pf. . 87 Am Car & Pdy.... 124 Am Car & Fdy pf.. 112 Am Cotton Oil.... 2% Am Druggists, Am Express. ... Am Hide & Lea.... 9% Am Hide & Lea pf. 6% Am Ice pf .. 57% Am International. 47% Am Linseed. ... .. Am Locomotive. Am Loco pf. Am Safety Razor.. {Am Ship & Com. | 4m Smelting. Am Smelting pf. Am Sfeel Fdy Am Sugar. Am Sumautra. Am Tel & Teleg. Am Tobacco. . Am Tobacco (B). Am Woolen. . Am Woolen pf. Am Writing Pr pf. 36% AmZinc& Ld pf... & Anaconda..... .. 29% Asso Dry Geods... %% Asso Dry G 1st pf. 68 Atchison......... 8:7% Atchison pf....... 9% Atlanta Bir & Atl.. 6% AtlanticGulf..... 2% Atlantic Ref pf....109% Baldwin Loco. . . Baldwin Loco pf. Baito & Uhio. Balto & Ohio pf. Barnesdall (B) Beth Motors. Beth Steel. Beth Steel (B).... &7 Beth Steel 8% pt. .. 108% Booth Fisheries. .. & Bklyn Rapid Trn. .. 18% Brlyn Rap Tr ctfs. .s% Bklyn Union Gas Burns Bros. .. Butte Copper. . Butte & Superior. . Butterick. Caddo Oil. California Pekg. California Petrol California Pet pf Canadian Pacitic. Central Leather. Cerro de Fasco. Chandler Motor. Ches & Uhio...... Chi & Eastern 111.. Chi Great Westn. . Chi Great W pr. Chi Mil & St P, ChiMil& St Ppt.. Chi & Northwn. ChiStPM&O.... Chi Pneu Tool ChiR 1 & racine. . ChiR1&Pi%pL.. Chile Copper. Chine Copper. . Coca-Cola. . Colo & Southern. ColGas. ..... <ol Graphophoue Comp Lunltacr. Cous Gas oL N ¥ Cons lutl CalMin Cont Can Crucible Steel. . . Crucible Steel pf. Cuban-Alu dugur Cuoa Cane Sugar. . wuva Cune Su pt. . Denv & hio Gr. Denv & Kiv G pI... Dome stines. ok Horn Coui. Rlucrson-beant. . adicott-sonuson. wrie. wrie 18 pE. wiezd pi.... Falnous Fieyers. .. Fisk KUDDer . . rrecpor. Texas. Gaston Wl en Asphait...... Gen Asphuit pf.... Gen Mot 6% deb. Gcodrich. uray & bas ureene-Cananea. . §5i; | usnLaL0 Sug aUis mo e N PE i Gulf Sates Steel.. it Huskell o barker. Houston Uil. . saupp Motors. Hydraulic Steel. lliinois Central. 52% ! Indiahoma... Inspiration. o5 | Interboro Metro. Interboro Met pf. . Intl Harvester. Intl Mer Marine Intl Mer Marine pf 1intl Motor Truck. . Int] Nickel intl Paper. . invincible Oil. Island Vil Jewel Tea. woues Tea. i Kiunsas City Sou. . Kansas C Sou pf. .. ! Kelly-Spring Tire. Kelly-8pring 8% pt Ienuccoit. . Lackawanna Steel Lake Erie & W. 8 & Nash. Mackay Cos. . Manaii Sugar. . Manhattan Elev P ockwell Ty . aiddle States Of Mo Pacific........ 1% Mo Pacific pf. 3t | sontgomery Ward 1% Power... bi% Natl Cioak & Suit. 3. atl Condult...... &4 | Natl Enamellng. .. 61 evada Copper. 1% ew Or Tex& M.. 66 Y Air Brake.... 81 Y Central. 74 N Y Dock....... 2 NYNHG& Hart... 208 i Norfolk & Wstrn. . 101 Northern Pacific.. g% Nunnally Co. 10% Oklahoma Prod... 3% Orpheum Circuit.. 21% OtisSteel......... W% Pac Development. 18'a Pacific Oll... e6%a Pan-Am Pete [ Pennsylvania. oy, Penn Seabd Steel.. 15% People’s Gas. 35 Phila Company 1% Phillips Petroleum 23% Pierce-Arrow..... 25% Plerce . % Plerce Ol pf . % Pitts Coal ) Pitts Coal (3 Pitts & W Va..... 0% The ant, declared by naturalists to be | Pond Creek Coal.. 14 Pressed Steel Car. n e 15 9% Open. High. Ballan ot S T From D. C. Hotel Window. Punta Alegre. ... % 4 W. H. Coleman, general attorney for Pure Ol . 3% 6% the Hudson and Manhattan Railroad g.nzayc pr... 85% 86% Company, with offices at 30 Church Ll i e S L street, New York city, jumped to his | Resatig tetpe s - tir B death from the tenth floor of the Pow- §4 | Remington Typr.. #% 35% hatan Hotel here this afternoon. Cole- | Replogie Steel.... sl man fell to-the pavement and was dead 47% | Rep Iron teel.. 1% 67% 8 > 4 ‘fif" Motor Track . s s ;:::. ‘:'oclon arrived from Emergency P les Robert. y s 3 b 16| Royal Duten.. or° e Coleman, who was registered at the 198% | StL & San Fran, .. g% ‘2% hotel, left a note willing all his property 12" | St Louls Southwn. 214 7% to his wife. 2 ouis Sown pf.. 89l — % 7% | Santa Cecili1 Sug. 3:: 4% 1% |SavageArms...... 17 17 9% | Saxon Motors..... 4% 4% 45 |Sears Roebuck.... 93 94 5i% | Seneca Copper.... 19 19 - ’ 47 |Shell Trad & Tran. 3% 4% 66% | Sinclalr Oil... ... 0 20 244 ® 1 | Sloss-Sheffield. ... 65 55, ] 104 |Southern Pacific.. 9% 9% #'i | Southern Pac rgts. 21% 21w 1134 | Southern Raflway. 23 23 3% St[m!:%‘n Ry pf. 9% 59% 82 !StandOUNJIDL... 109 109% EW < Ja oo i Gl Hle s T NEW YORK. January 21.—Trading 92l | Stromberg Carb... 39 39 was greatly restricted during the s {Siudebaker....... g3 5% 6% 63% |early hours of the session and there ¢ 9% |Submarine Boat... 9% 9w 9% was considerable irregularity ip the'| 6% 116 -:Sugmz;&iz.fl se BEG 0 IE price movement. with slight conces- WeanCoppe..... io% e sions the rule rather than the ex- 4| Texas Company... at's 4% 3% ception. A 4 '?{as& Pacific. 19% 2008 19% As the session advanced the steel | njTexas & PC&Oil. 4% 86% 335 shares were put under pressure, on 8 28 | Tobacco Prod..... 551w B B4 i 2% 54 |TrausContl Oil... 10% 10w 10 reported price cutiing by the inde- 53 88 |Transued& Wilms. 414 414 0% 4v% |Pendents in an effort to secure their S 8% | UnionON. . . 2% s 3 73 |share of the business from the United 29% 9% | Gnion Pacific. 13% 1% 19 1wy §SEALS Steel Corporation. e Omion 4 S. Steel, Republic and Bethlehem 61 6% on Pacificpf... 6/ o1 6% 664 | were the a oo 6% | United Alloy Sioel. 5 o 3% ®¥|wore the worst sufferers, although Son seome | Umited Drng e 106 i o1 |Srucible Sicel paced tne decline with = . a4 Lwo-point rop. ere were re- £8in E::::: l‘:‘r_u‘lt.. 105 10s% 13% | ports that the corporation might also 102 i v Inv 9% 9% 9% do a little price cutting. 3 % United Ry Inv pf.. 21 21 21 Money was again a lituc firmer. beine 51% | Unitéd Ketail Strs. bos o6 66 6. |quoted at 6 to 7 per cent. Sterling was 29% |USCustirPipe... 13 18 13 15 [Quoted strong and the news of the 34 | US Food Prod. %% 2% 2% 204|Merning was not of an unfavorabie 88 | U Sludus Alcohol. B oit 6ote | Character. 54% 4% | US Realily. S 50 49% 49..| ,' vviers and chemicals followed the 10% 10% | U'S Kupber. .. .. eom 0% 65 st |5tec]S on the toboggan for losses, 1 to s 4 |USRabuer Istpf. 1o 1vzis 0% L2z 3. Points, with tobaccos, utilities and 1% 1% | USSmelt & Ref w; Y w’: oils joining in the siump, Rl b ) % Ul From the low levels thbre were rallies sl onstetp e it ;“ of about the amount of the loss on some J 8 Steel pf. . % ¢ | covering, but the list started off again, % st | Utab Copper. 51 £5% | with net losses of 1 to 2 points. Rub- Hf 35 v:fn::ngl)\‘ Corp. 8% 87» | ber, Can, Harvester, May Department 18% 13% rChem..... 36% 6% | Stores, and Pressed Steel Car joined the ;:% :s:fi 3?;0:: I:,hem PL... 100 100 | weakiings in the second hour of the aft- 16 1d auou. % 8 |ernoon. % aih wa::;i:“‘ o 8ia 8 Rails were very slow and fractionally 5k 8% | Wal PLA...... z1% il 20% :0.|easier, aithough at one time Texas Pa- 1% 5+|Welis:FargoExp. 7. i1 40 10 |cific showed gool strength. Union Pa- W eBLeru md Wn Lo 10t due | Cific Was weak. Western Jd zd W s 1% 17w —r——— Western buciac... T iom o e | Western Pacpt... % 0% W 0 9z | Westhouse 5 M. s0n wore 445 dam H Wieeiing &ELE... » 9% %u %n White"Motor. 8 B 8 : White Oil. ..., 1% 15 Lok Willys-Overland 8 % 8 WALyS-Ovld pf.... 36 36, %% 364 Woolworth....... 1ll% Ul% % 1% Worthiugion Pmp. 4 4% 45 43 - 3 High. Low. Last. T ... CallMoney..... ¢ % Qnoy, W NEW YORK, January 21.—The bond :‘H;: HHOURLV SALES OF STOCKS. market today was moderately active am..i..z wn en 6z o Zra s 6% 2074 % 18% il % 4% k5 Boone. Bor o By% 1 Coloninl Tire 2 %) E lafternoon or night: moderate south & .L,,.,‘}:P’“""'»'" Em, iand southwest winds. ;‘: :;;‘k Recordn for Twenty-Four Hours. i > Thermometer—4 p.m., 4 “ i 112 midnight, 3 o - Burometer. .m. £ = 30.44; 12 midnight. 30.41; 4 a.m., 30.38 = S am, 30.41: noon. 30.31; 2 p m., 30, C Highest temperature, 62, occurred at ?1)% 1% e t 34, t H Lowest temperature, , occurred al 2% sy | Lodwya Petures {270 2m foday. 01 W% 7 | Temperature same date last year— BB ‘ Highest, 39; lowest, 26. ‘Mk 2 i Condition of the Water. 5+ Wtn | tertontinenis i Temperature and aondition of water e B! Dternationat Petreicum | lat 8 am.: Great Falls—Temperature, | e Vs | Kay County Gas... 32; condition, 69. & oreadion Tide Tahlex. 81 sl 2 (Furnished by United States coast and 5. 83 | n 5 geodetic survey). 1 fi":l i.‘...f,“b"m?"”" : Pras ] :?3 -‘49 e R 18% | Maron"Vatiane: : Tomorrow—Low tide, 12:46 a.m. and oo | Yt Gt h 1252 p.m.; high tide. 6:20 a.m. and 7| Midwest Oil ‘com. 11 : 2 S h The Sun and Moon. i , Today—Sun rose, T:23 a.m.; sun sets, N p.m. 8, Tomorrow—Sun rises, 7:23 am.: sun S sets, 5:18 p.m Draas On (o) Se iy | Moon rises—3:05 p.m.; sets, 4:49 a.m. 19 19 | Pennok Ol .. @iz | Automobile lamps to be lighted one- 8% 8s% | Periection Tire 14 1346 nalf hour after sunset. 6% 16% | Eroducers and Rtefiners. oY 5% Badla coin; 1% % Weather in Various Citles. Ray Hercules . B & Temperature. = P 4n 4% Rvan Consolidated 13 11 3= S e 0% 60 | DRI Creek Produci A 28 2 7% 124-,:::';.'..1;";5»-: s IO 3 = Stateof G 0] S petroi Hatlonk: £ = Weather. 1% 1Y ) Skelly ol B 2 Ll ey é“';w tn Co_ of Nmerica " : B y nterna . 81% 81 | Tonopali Divide - : % T1% | Tonopais E:teul: 22z |Troplal oil . 2% 2% :'nilkd Easter 100% 10)% | U. §. Light and t pre Fr 82 g | Uhited Froas Kiuring . 2 % . Steamship. % . ":: ':: Uniced Tewail Cands’ s Charlestas . j3 exas . P26 | Chicago . #1% 7% | Warren Bros. * ;ol Cincinnati .. “H UY% W% | Wayland 061 1g 1 Cleveland 2 18 18 | Warne Coal 28 23 | Denver 28 2% e | West End Cons 1 11.16 | Detroit a0 5 |El Paw.. 15 Y Gnlveston 0 a% 20 1 = 3 #r .. 30. 48 9 ‘§7¢ | Miami, Fla! 30. 62 2% 105% [ New Orleans 30. 53 ! 03, | New York... 32 n% 1 525 | Oklulioma .. 30. o6 6% 76! * | Philadelphia. 38 $ e | LIBERTY. BOND NOON PRICEs, |Eboenix Ars T 8 8 | NEW YORK. January 21—Prices of | balous Mé ] 1% mu | liberty bonds at noon were 348, 92.20; | Portinna Ore 38 u | frst s, 8. nd 4s, 87.80 bid; first | 8. Lake ‘City 22 ; .94; third 4%s, | Sam Antoaio. e :30; victory 3¥s, | 8t poarre:: 2 5 victory 4%s, 97.20, 1 ; WASH., D.C. Y wipn Qutations fur Big Heart . 19| ki Ledge | oit Loston and ‘Montafia. nd Wyoming. ppe Carbon Steel Carib Syndicate . Carb Trading Car Light ana fes' Service (new). 16% | Uities Service (old) Cities Becvice pfd Direct to The Star Office. CURB STOCKS. : THE : EVENING . STAR, FRIDAY, -JANUARY 21, 1921 Feb. LEAPS TO HIS DEATH. N. Y. Railroad Attorney Jumps and preserved its strong/tone. There was more irregularity, however, i the price movement, and quite as LIGERTY BONDS. many small losses as gains. Liberty i o r%'.l:; bonds were down a trifle, as wa |L,b,"y 3338 (6-15-47). 33 920" | nAtural enoush after their continuous SRS S *{rise of the past week. "/'.Uw:g ‘,;“:"‘l‘:_“_“',’)' :‘;":’x Interest in the foreign division cen- : ELY Z =) > tered upon the news of the new Bel- Luverty 18t 4348 (6-15-47)...85 10 83 -0 | o aoertyl : zian government offering. This will {Liverty 2d 4%s (11-15-42).. 81w 88 vz |be a $30,000,000 issue of twenty-year 0. | Luberty 3d 4145 (9-15-25)... w112 %96 |3 per cent bonds to be brought out .4 Liberty 4th 4148 (10-15-3)..88 .0 ¥s .4 |by a New York banking syndicate on i Victory 3%s (5-20-23).... 9.4 9/ s |Monday next. The exact price at 0-28)....:.9. w 3 24 |Which the bonds will be offered to the public was not given out tod»y, but there was very little doubt that it will be 100. DIVIDENDS DECLARED. - This will mean that Belgium wil’ g - be puttine out its new loan in this stakyl Pay- lconntiy on a flat § per cert basi- s compared with the tasis on whish th % ner cent previous loan wa. P out. The Belgian 7T%s had dis- . sounted the : nnouncement of ‘he new July 1|flotation by their decline from around Mar..1{09 to aronnd 96. They did not go any Jower today. Mar. 11" QOther government honds were sub- Mar. 1|Stantially unchanzed except Japanese issues, which lost some of their bouy- Feb. 1{ancy of p-evious days and came down Feb, 1fa fraction. Mar. 1| Representative first mortzaz= rafls Mur. 1lheld at their recent high. but showed ¥eb. 1ino turther inclination t> advance. -y | Baltimore and Ohio gold is wers an . 15| exception: they were down a point jat 693%. There was guit> ifor Kanses City Southerp ¢, which carried” them up nearly a poinl to 563, Chicago. Burlington anl Quinev ivinl 4s. continued to he take 2 (XS at the 2 demand «ocn plans, thix to take the forin of a §250,- 900 000 i-s0e refire th oxisti honds. The buver of tlL.c Burlington % |joints at present pricas, holding -16 | through to maturity in will be si% |zetting a trifle more tha1 4 per cent on his money. THE WEATHER. District of Columbia—Cloudy. proba- bly light rain tonight or tomorrow somewhat warmer tonight, tempera: ture above freezing; colder tomorrow | middle west, 13.40a13.50. TODAY’S BOND PRICES. Noom prices (by Redmond & Co. The Star over direct New York- wire by Frazier & Co. City of Parie 6s 1921..... Dominion of Canada 5s of 1921 French Government 8s. 3 B B. and Ireland 514 and Ireland 5% nd Tel. coov. 6s. Armour & Co. 413 Atchison, Topeka and Sania Fe Atlantic -Coast Line Ts. Baltimore and Ohio conv. 474s. timore and Ohio 6s.. of G. B. and Ireland of ) 1922 193; gen. ds.. imore and Ohio 8. W. Div. S Bethlehem Steel refd Sar. . o Central of Georgia Ry. 6. Central Leather 5s. Chesapeake and Ohio conv. Chesapeake and Ohio gen. 415 Chesapeake and Ohio conv. 5t hi., Burlington and Quincy. hi.. Mil. and St. Paul refd. 43s. Chi.. Mil_ and St. Paul_conv. 4! Chicago Northwestern 7s 1930, Chi, Rock Tsland and Pacific refdg 4 Chicago Union_Station 6l Consolidated Gas 7s. Delaware and Hudson 7s 1930, Erie general lien 4. General Electric_6s.. Tilinos Central 5igs. International Merean! e Marine Inter. Rapid Transit 1st and ref. b Louisville and Mo. Kan. and New York Central deb. 6s. Xew York Telephone 6s... nfolk and Western conv. 4 Norfolk and Western conv. Northern Pacific 4s. Pennsyivania Pennsylvani nia 7s of 193 ted_for ‘ashington St. L. and 8. Francisco 6s 1929, St. L. and San Francisco inc. Seaboard Air Line refdg. 4s. Seaboard Air Line ad). 5 Southern Pacific 1st ref. Southern Pacific conv. Southern Railway gen. 4 | Southern Railway s Union Pacific 1st 4s... . | Cnion Pacific cony. 4s. CUnion_ Pacific 6s 1928 United States Rubber 3s... United States Rubber 7x ‘1933 United States Rubber 7igs. United States Steel S. F. Virginia-Carolina Chemi Wilson & Co. Ist 6s. SHORT-TERM SECURITIES. (Reported by Frazier & Co.) Grain, Produce T.OCAL WIHOLESALE MARKET. Eggs—Strictly fresh, average receipts, 6 Live poultry—Roosters, 35a36; het voung, each, 30a50. per doz.. southern, 65. per Ib., Vs, per 1b., 50a55; chickens, spring, . per Ib., 31a32; 68; 20; eats, Dressed poultry—Fresh killed spring ickens, per Ib., roosters, per Ib., 60. 23; b, 38a40; hens, per Ib., turkeys, pel Pork—Dressed, small, per 1b. 15 medium, 14a15; heavy, 10a13. Live stock—Calves, per Ib., 18; lambs, 10all; sheep, 3a6; hogs, 10. _ Green fruits—Appies, per bbl., 3.00a 7.50; per basket, 75a2.50. California lemons, per box, 3.00a4. Pineapples, per crate, 6.00a8.00. California oranges, Jer crate, 5.00a5.50; Florida oranges, per crate, 4.50a5.00. 4.00a5.00. Vegetables—Potatoe: per bbl., 2.75a3. morthern, per sa a.oes, per bbl., 1.50a2.00; yams, pe tuce, Florida, per per doz., 50al :.0ad.50; California _celery ‘omaine lettuce, 75a1.25. bbl., 1.50a2.00. Cymblings, Fiorida, 3.5024.00. 1.00a5.00. Tomatoes, per sack, per box, 1.7582.01 Squash, per. Grapefruit, per crate, New York celery, 7.00a7.50. per craie, Spinach, per bbl, Peppers, per basket, 4.0026.00. 6.00a8.00. Brussels sprouts, Onfons, per quart, 13a25. Cranberries. 18,00 per GRAIN AND PROVISIO B’TIMORE‘ January 21 (Special). —Po! atoes, white, 1.60a1.75; cobblers, micks, 1.25a1.40; No. 2 per bbl., 3.0024.50; yams, 4. 2, both, wnd wax, per hamper. bage, per hampe: er. per crate, % bunch, 6a8; kale. per bbl 1.60a1. 7 50a7 . 1, per 100 lbs., McCor- 0024.50; /00a2.50; beans, green, pearl celery, per 1.75 let- tuce, per crate, 3.00a4.00; onions, pe: i00 1bs. bunch, 7a8; parsnips, b a1.50; oyster plants, per 1.00; pep- pers, crate, 5.00a6.00; spinach, bushel, 1.50a1.75. bu., 1.00a1.25. Apples, bbi 100 1bs, 1.25a1.50. Oranges, box, box, 2, loos: a8.00; strawberries. qt., 50a05. SELLING PRICES AT NOON. Wheat—XYo. 1 red winter. spot, 1.92; No. 2 red Wwinter, spot, 1.92; No. 2 red B 1.8612 pe garlicky, spot, January, .57; Murch, 1.89%. Wheat sales—Ba sampie, bushel Corn—Cob, new low, and ts of nearby, by 1.78" ‘per 4.20 Tomatoes, crate, 2.00a6.00; turnips, 2.50a e. per 25a4.00; grapefruit, 00; tangerines, strap, 6.00 1.861%; February per barrel, in car lots; contract corn, spot, 821 per burhel: January corn, 81% February corn, 80%: track corn, vel per bushel low, No. asked. Cor gales—Nore. Oats—No. 2 white, 2 or better, 92 561 per bushel asked ; No. 3, 55 per bushel asked. Bag lots of nearby rve, as to quality, 1.60 per bushel: No. 2 western export, spot, 1.81% per bushel bid. No.'1 timothy (nominal), standard t!moth; .1 ¢ clover mixed, : No. 1 clover, 26 00: 1.00424.0Q; samp'e : No. 1 tangled rye, 17. 26.50: 28.00 clover. t cover, | mixed, over, 7.00 ; 0. 2 straight 0: No. 2 tangled rye, 16.00; No. 1 wheat, 13.00a13. No. 1 oat (nominal), 2 oat, 16.00a17.00. CHICAGO, Januai devéloped moderate i No. 2 wheat, 12.00a12.50 18.00218.50 ; No. 21.—Wheat prices rength today, chief- ly as a result of seaboard buying. In addition, the recent big decline in values was regarded by some traders as having discounted for the present all bearish factors. There was a disposition aiso to construe Argentine news as bullish on the ground that eventual enactment of an export tax on wheat was indicated. Opening prices, which varied from un- changed figures to 1 cent lower. with 1.68 to 1.68% and May 1.59% toi were followed by upturns all} around to well above yesterday's finish. Corn sympathized with the strength of wheat. % highe in. ‘a()ats were After opening quarter off to including May at 68% 68%, the market scored a slight general to ;Iull and inclined to lag behind other cereals, starting.l4 to % down, May 45% to 45%, covering: depress provisions. Word that Portugal was but later re- Lower quotations on hogs tended to in the market for a large amount of wheat was nouncement was desired. more than offset later by an- that six months credit Seaboard offers to re- sell also were noted, and prices under- setback, a sharp to 5% heavy, 3% went was The net close lower, with March, 1.64}: to 1.65 and May. 1.54% to 1.55. Corn =and oats yet this season. to 673%. WHEAT— Open. High, 168 1711 1.59% 1.62% 0%, 0% 451 Jul; ] unchanged. NEW YORK, January 21.—La Other articles 43 rd —_— OIL STOCKS. later sagged with wheat, oats touching the lowest prices Corn closed steady unchanged to % lower, with May, 67% Close. 1643 1.54% 6714 6835 43¢ u% easy ; Quotations urnished by W. B. Hibbs & Co. Anglo-American Oil Co. (new) Atlantic Refining Co. Borne-Serymser Co. Buckeye Pipe Line C Cheseborough Mfg. Co. Continental’ Oil Co. Crescent Pipe Line Cumberiand Pipe Line. in Pennsylvania. Prairie Oil and Gas Co... Prairie Pipe Line Co. Solur Refining Oo........ Southern Pipe Line Go.. South Penn. 0il Co. Southwest. ‘Pen. Pipe Line Co. Standard Oil Co.’ California. Bid. Standard\Qil Co. Indiana (new). Stadnard Oil Co. Kansas Standard Oil Co. Kentucl & Finch Co...eeoe. Tank Line oo Asked. 20 1050 7| 11920 were valued at $8, and Live Stoc DAIRY MARKET. BALTIMORE, January 21 (Special). —Arrivals by boat—Poultry, you chickens, live. Ib.. dressei!, Y 36; :Old' 30234 . 34a35: old roosters, d, 23a24; s, 30a38; SHaks: 45260; pigeons, per pair, 40a45; guinea ' fowl. 40a75: capons, dressed, 45a52. | Eggs—-Loss off. strictly fresh near- | by, doz, 70; southern, 63. Butter—Creamery. fancy. Ib. prints. 54a3 1a dai prints, 24a2; ladles, 3t 32; process butter, 37a38; store pack- a ed, 17a18. NEW YORK, January 21.—Butter, un- settled, receipts, 3,064 tubs; creamery, higher than extras, 51%, extra (92 score), 50%a51; first (3¢ to 91 score). 4'33..:0, packing stock, current make, No. 2, 22 Eggs, unsettled, receipts, 8581 cages; fresh gathered, extra first, 661 a’ do.. first, 67a66: s:ate, vania and nearby western hennery, white, st to extra, 68a73; do., brown, extra, €9a70: do.. gather¢d, brown and mixed colors, first to extra, 65a68; re- frigerator seconds, .. 60 Cheese, steady, receipts. 1,231 boxes; state, whole milk flsts, held, specials. 26a29; do.. average run, 24a2 state, whole milk, flats, fresh, specials, 24% a21%; do., aversge run, 23a24. CHICAGO LIVE STOCK MARKET. I'Hl(‘.\t‘;O‘,‘ T, January 21 (U. S »-u of Markets).—Hogs—Receipt: 156,000 head: fairly active, largely 35 L. a. lower than yesterday's average: lights, off most; top, 9.60; light, light lights and_underweights: bulk, 9.00a 9 °5; nigs, 35 to 40 lower: bulk, desir- able 90 to 125 pound pigs, 9.40a9.60. Cattle—Receipts, 7,000 head: general trade, slow to lower: no choice beef steers here; bulk, 7.75a8.75; quality, pliin: xood fat cows and heifers, neglected; few cows and heifers, 5.00a6.00; butchers’ heifers, larzely 5.757.00: canner cows, mostly 3.25a bulls, about steady: buk bo- lognas, 5.50a6.00; veal calves, mostly 2 higher: bulk, good and choice, 11.50a 12.50: stockers and feeders, weak to lower. Sheep—Receipts. 9,000 head; steady to strong; top held higher: bul choice 115-pound ewes, 5.75 ~i=ht held higher; bulk, 4 25a5.50; no early feeder sales. talking steady. COTTON MARKE' NEW YORK, Jinuary 21.—Unfavor- able Live:rpool cables «and Britigh trade advices led to further selling © the co ton market here during to- day’s early trading. The opening was barely steady at unchanged prices to + decline of 15 points, with March and May deliveries soon selling off to 15.20, or about 25 to 30 points below last night's closing quotations. Not- withstanding the exchange, ‘Wall street was a considerably early seller, while Liverpool and the south also sold here during the early Private cables Teported Manchester selling fn Liverpool with a small spot demand. Futures opened barely steady; Jan: 17.10; March. 15.50; May, 15.40 July, 15.55; Octobe, NEW ORLEANS, January 21.—Con- tinued e nes in the English market tand reports th.t the edge seemed to ue off the demand for goods for th-~ e price of cotton to today. wragd.n: 2 to 20 points in the first half hour of business. March dropped off to 14.62, and July to 14.93. Futures opened steady: January 14.70; March, 14.79; May, 14.86; July,' 15. October, 15.13. i LIVERPOOL, January 21.—Cotton— Spot du! prices easier; good mid-; dling, 1110; fully middling, 10.25;] middling, 9.35; low middling, 8.10:| good ordinary, 6.60; ordinary, 5.85:! sales, 2,000 bales, including 1,600 American; receipts, 29,000 bales, in-| cluding 17,300 American; futures! closed easy; January, ,9.53; March 9.56; May, 9.70; July, 9.79; October, | 9.84; December, 9.78. i Weekly cotton statistics: Total for-: warded to mills, 45,000 bales, of which | American, 40.000; imports, 88,000, ! American, 72,000; exports, 8,000. H i EXPORTS SHOWV_INCR'EASE: 1920 Total, $8,228,000,000, Com- pared With $7,920,000,000 in 1919 : Exports from the United States in! 00,000, as compared with $7,920,000,000 in 1919 Nupures fotaled $9.279.000,000, as com- pared with $3,904,000,000 the year bo} fore. i This left a trade balance for 1920 of approximately $3%00,000,000in favor of | TPP0n1 vd States, as wzainst a balance the year before of approximately $4,000,- 1 000,000. H ! = | —_— MONEY AND EXCHANGE. NEW YORK. January mercantile paper. 7%a8; a firm. Sterling—Sixty-day bills, 3.72%; commercial sixty-day bills on banks, 372%; commercial _sixty-day biils. 372, demand, 3.77%; cables, 3.78. Francs—Demand, 6.77; cables, 6.79. Belgian francs—Demand, 7.11; cables, 7.13. Guilders—Demand, 33.06; cables, 33.16. Lire—Demand, 3.60; cables, 3.62. Marks—Demand, 1.66; cables, 1.67. ' Greece — Demand, 7.50. Argen- tine—Demand, 35.35. Brasilian—De- mand, 15.00. Montreal, 12% per cent| discount. Government bonds, easy; railroad bonds irregular. Time loans, steady: sixty days, ninety days and| six_months, 6a61; per cent. T;zlxv%l;s BA& Prime changé, Monthly State. meng Service § 336 N. Y. Ave. $5,000 Life Policy, $57.35 Age 40. Send date of birth for llustraties and particulars at-your age. M. LE ROY GOFF, Insurance Adviser Rm. 78 Woodward Bullding, M. 3Q i be of material benefit to you in | | Bid. Offer. American 984 American 971 American 96 American 10015 American 1003 American 101 ‘Anaconda 929, . 863 Anglo-American_Oil 714s 1933 100% 1013, Armour & Co. 75 1930. s TeRy Bethlehem Steel 7s 1 981, 99 Rethlehem Steel 75 1923. 971, 981 Canadian Pacific 6x 1924 95% 981 Central Argentine 6s 1927 81 8 Chieago. R. I. & Pacific s 1 P 97 C.. C.. C. & St._Louis s 1929, 891, 9015 981, 201 9415 943 | ett & Mrers Tob. 293 Penna. Co. 41%s, June 991, | Procter & Gamble 7< 1921 100 :gflls. 101 9915 911 | Southern » 97 | Southwestern Bel 96 Swift & Co. fs 1921 991, Texas Co. 7s 1923, P 9 Western Electric 75 1925 99% 1001 Westinghouse E. & M. 7s 1931.. 99 991 i Pennsyl- { trading. | 15.60. | FINANCIAL, EQUITABLE CO-OPERATIVE BUILDING ASSOCIATION Organized 1879 41st YEAR COMPLETED A . Sarpins it Save While You Have the Opportunity —Thousands who ha: have saved most substantial sums. Subscriptions for the 80th Lssue of Stock Being Received Shares, $2.50 per Month 4 Per Cent Interest EQUITABLE BUILDING, 915 F St. N.W. JOHN JOY EDSON, President FRANK P. REESIDE, Seey. Income Taxes | We maintain 2 wajl equipped tax |department, with a staff specially | trained in the rulings, regulations | 'and application of the law, and can | | preparing 1920 returns. | ADMINISTRATIVE SYSTEM | I of Accounting | , A simple, accurate method of keeping your books. Further information on request. Accountants—Auditors 813 Woodward Bldg., Washington, D. C. Leos Angeles Money to Loan Sectred by First Deed of Trust on Real Estata, Prevailing interest and commission. Joseph I. Weller$Z Yost L & Trom BABY BONDS Yielding Over 8%, Dengminations $50, $100, $500 Concordia Electric Light Co. (KANSAS) SERVES 25 commun- ities. OPERATE 196 miles transmission lines. PROPERTY valued at EARNINGS—4%; times interest require- ments. ISSUE —approved by Kansas Court of In- dustrial Relations. GUARANTEED by Commonwealth Light and Power Co. AN INVESTMENT FOR THE MAN WHO CANNOT AFFORD TO LOSE Our First Mortgage Notes in denominations of $250 and up- ward, secured on improved real estate in northwest section of city, pay 7%. semi-annually. Ask for Booklet “K.” Which Explains in Detall William S. Phillips 1409 New York Ave. N.W, Phone Main 98 REAL ESTATE LOANS Request Circular H-2. A, E. Fitkin & Co. Members N. Y. Stock Ezchange | 141 BROADWAY New York City Bonston Pittsburgh Chieago Los Angeles EXEMPT FROM ALL FEDERAL INCOME TAXES Palestine, Tex. County Seat of Andersea Commty 5% Waterworks Bonds Due Aug. 1, 1959 Optional Aug. 1, 1929 nterest payable in New York City _Population 15,000 Net Debt about ‘%? u Price 87.50 and Interest * Yielding About 6.12% YOUR REINVESTMENT January and February are months when capital is avuilable for re- investment due to scasonal liquida- i tions. It is a most agreeable fact that nearly every day one or more of our ciients “authorize the re- invextment of their funds In our First M Notes on improved Washington real estate. | ! i Capital for reinvestment indi- cates consummation of a safe and sound transaction. 1f you are considering the pos- sibiliti>s of speculative stocks for January purchase, the superior sta- ASK FOR CIRCULAR G-80 bility, _ regularity and safety of t these Washington notes should ap- i A.E. Fitkin & Co. ! : Members N. Y. Stock Exchange sw“fi‘uéé’vkc%m & 141 BROADWAY i| 727 Fifteenth Street N.W. New York City ‘Washington, D. C. PITTSBURGH THE NATION’S HOME TOWN. LOS ANGELES BOSTON CHICAGO IS IT WORTH IT? The desire to make something besides interest when you invest your money has lured many to loss and poverty. There is nothing so sure to lead to wealth and comfort as interest regularly earned and saved with no iosses to charge against it. The safe and proper way to accomplish this end is through the purchase of our First Mortgages and the regular reinvest- ment of the interest. Over a Quarter of a Century Without a Loss. B. F. SAUL CO. Mortgage Loans 934 N. Y. Ave. N.W. Automobile Insurance Fire Insurance Managers of Estates and Rental Properties ATLANTIC GULF & PACIFIC STEAMSHIP CORPORATION Preferred and Common Stock This company maintains fortnightly service between Philadelphia and Baltimore, via Panama Canal, to Los Angeles, San Francisco and North Pacific Ports. THE DEVELOPMENT : PRESENY FAVORABLE POSITION FUTURE POSSIBILITIES AND ECONOMIC IMPORTANCE of the coast-to-coast water transportation of this company to the COMMERCE INDUSTRY AND SHIPPING OF THE NATION ARE READILY APPARENT Full information about the company, its present and future plans of operation, contracts and earnings will be furnished upon request. A. B. CROUCH & COMPANY, INVESTMENT SECURITIES Blllimon,_ Maryland g O S ans