Evening Star Newspaper, January 25, 1921, Page 21

FINANCIAL. ' THE EVENING STAR, TUESDAY, JANUARY 25 1921 FINANCIAL. NEW YORK STOCK EXCHANGE. Received by Private Wire Direct to The Star Office. Allied Chemical pf Allis Chalmers Am Car & Fdy pf.. I Am Cotton Oil Am Druggists. ... Am Express. . Am Hide & Lea. Am Hide & Lea pf Am Ice. Am La France Am Locomotive. .. Am Radiator..... Am Safety Razor.. Am Ship & Com. .. Am Smelting. Am Smelting pf... Am Smit Sec A Am Steel Fdy. Am Sugar. Am Sumatra Am Tel & Teleg. Am Tobacco. . Am Tobacco (B).. Am Tobacco pf (n) Am Zinc & Lead Am Woolen. Anaconda Asso Dry G e Asso Dry G 1st pf. Atchison.. Atchison pf. L Atlanta Bir & Atl. Atlantic Gulf. Atlas Tack Auto Sales. Baldwin Loco. Baldwin Loco p: Balto & Ohio.. Balto & Ohio pf. RBarnesdall (B). Beth Motors. Beth Steel. Beth Steel (B) Booth Fisheries. .. Bklyn Rapid Trn.. Bklyn Rap Tr ctfs. Brown Shoe. Califorpia Pckg California Petrol. California Pet pf.. 12 21% 8% 91 9 - d66% g 4% Uk 10 76 Canadian Pacific.. 115% Central Leather. .. Central Leath pf.. Cerro Je Pasco.... Chandler Motor... Ches & Ohlo.. Chi Great Westn.. Chi Great W pf. Chi & Eastern Ill.. ChiMil& StP..... Chi Mil & St P pf.. Chi & Northwn. ... Chi R1 & Pacific. . ChiRI&P6%pft.. Chi R1& P7%pf.. Chile Copper. Chino Copper. € CC & St Louis Cluett Peabody. Cluett Peabody pf. ConsGasofNY... Cos mtl Cal Min. Cons Textile.. . Goodrich....... Great Northern pf. Great Nor Ore. Greene-Cananea. .. Gulf Mo & N pf.... Haskell & Barker. Hendee Mfg. Homestake Houston Oil.... Hupp Motors Inspiration.. Interboro Metro Interboro Met pf.. Intl Harvester Intl Mer Marine. Intl Mer Marine pf. Intl Motor Truck. . Intl Nickel 1ntl Paper 1nvincible . Iron Products. Island Oil. Jewel Tea.... Jones Tea. Kansas City Sou.. Kznsas C Sou pf... Kelly-Spring Tire. Kelly-Spring 8% pi Kennecott. . Keystone Tire.... Lackawanna Steel. Lzke Erie & W pf. Lee Tire & Rubber Manhattan Elev... Martin-Parry. Mathison Alkili Maxwell Motors. Mexican Pete. Miami Copper. Middle States O Midvale Steel. Minn & St L. (n) Mo Kan & Tex.... Mo Kan & Tex pf.. Mo Pacifie. . Mo Pacific pf. Montgomery Ward Natl Acme. Natl Biscu: Natl Cloak & Suit.. Natl Cloak & S pf. Natl Conduit. Nati Enameling Nevada Copper. N Y Central.. N YN H & Hart NYOnt& West... Norfolk & Wstrn. Northern Pacific. . Oklahoma Prod... Orpheum Cireuit. . Otis Elevator.. Otls Steel. Yac Development. PacGas & Elec.... Facific Oil. Pan-Am Pete. . Pan-Am Pete (B). Yennsylvania. . Yenn Seabd Steel. People's Gas. . Pere Marquette Phillips Petroleum Yierce-Arrow Plerce Oil. . Pierce Oil pf Pitts Coal Vitts Coal pf Pond Creek Coal. . Pressed Steel Car. Yressed Stl C; Pullman Co. Punta Alegre. Pure Oil..... Ray Con Copper. Reading. Reading 1si 25 e :5‘38!5}_;5!!8 F 285 19 36% % 1% 8% 36 56% 6 80% | Texas Company. 6% | Texas & P C & OIl. 20% | Third Avenue..... 18% 18% I% 3 | Tobacco Prod..... 5 554 b5 sy, [Trans Contl Oil... 10 10% 30 g7 | TWinCity RTran. 39 39 89 115 | Union Pa g6 | U S Cast Ir Pipe... 13% 13% 13% 3% | U S Indus Alcohol. 61% 6% 66% 247 | U S Realty. .. 49% 49% 49% 584 | US Rubber. . 68% 63 67% g3 |USRubberistpf. 103 103 108 29% | U S Steel.. 2 6 |USSteel pf. 1% | Wabash pfB. 28 | Wells-Fargo Exp. 63 6 60% Va Iron Coal & C. Open. High. Low. Close. Replogle Steel.... 8% 33% :3% Rep Iron & Steel.. 66 664 65 Rep Motor Truck.. 22 2% Royal Dutch.... % 6% St Joseph Lead 2% 12% StL & San Fran... 2% 21% St Louis Southwn. 25 26 2% Santa Cecilia Sug. 4% 4% 4% Saxon Motors % Seaboard Air Sears Roebuck.... 91% 88 91% Sears Roebuck pf. 101% 101% 101% Seneca Copper.... 18 1sh 18 Shell Trad & Tran. 41% 41% 41% Sinclair Oil. . Southern Pacific. ¥ Southern Pacrgts. 21 2% 20% Southern Railway. 227% 227 22 Southern Ry pf.... 68% 68% 68% Stand Oil N'J pf... 109 Stewart-Warner. Stromberg Carb. Studebaker. ... Submarine Boat... 8% 8% 8% Tenn Copper... Union Oil. 2 2y 2 ceee. 119% 119% 119 ... 104% 105% 104% Strs. 55w &6 5 United Fruit United Retal Utah Copper, Vanadium Corp Vivadou. Wabash. Wabash pf A. L% M 1% TODAY’S BOND PRICES. Noon Redmond & Co.) reported for | St. L. and San Frascisco 6s 1929, i v g i York-Washington | St. Louis and San Francisco inc. 8s. GUGGENHEIM INTERESTS Money to Loan IZENS | o . DENY MISMANAGEMENT | Money to Loan CIT. Joseph 1. Weller$, "o Ly e P £ = ;B T on real estate SAVINGS BANK Nl ol ' Domizion of”Catada, G e - Reply to Eilers’ Charges Seeking - " fi‘.’;‘"‘““:“'; .;{‘x?'%nmm..d e & 3 Writ to Examine Copper Com- Prevailing rate of interest 3% Commercial jom, < v i for G l:,.:nflmerlu:d bigs o . i pany’s Books. b Accounts N and Ireland 3i5s 1920. s c on 1938 1 NEW YORK, January 25.—Denial of H L R "Il Safe Deposit }:,:,f,‘,,ml il ‘_":':;’.‘!;;‘_"‘:;'_f;‘;; T United States Rubber 78 | 291, [Charges of mismanagement of the af- ~ A ust Bozes T & o 45 Atlantic A Const 8 o Chesapeake and Ohio gen. 4%gs. American Thread Co. 6s hesapeake and Oio eonv. ‘S American Tobacco Co. 7s 1921 tion Blgs. the neral Electric 6. al Me; Inter. Rapid Tr Procter & Gamble 7s 1922 oIy iont % | Procter & Gamble 7s 1923 101 | | R. J. Reynolds Tob. 6s 1t o Iva St. L. and San Francisco s, series = Grain, Produce LOCAL WHOLESALE MARKET. Eggs—Strictly fresh, per doz., 63; - - 81 " |fairs of the American Smelting and 5 United States Steel 8. F. Atchison, Topeka and Santa Fe gen. 5s.. Vi Line"Bar 1 70 5T 0N aomt | VinginiaCaroline“Cnemical Refining Company by the controlling Guggenheim interests recently by O T I S ECN e Karl Ellers, former director and vice Central ‘of Georg (Bapectadity Foaahe & president, is contained in a statement Central Leather % | American Tel. & Tel. 6 1922.. 97! to stockholders, signed by twenty- Chesapeake and Oiho conv. 4148 American Tel, & Tel. 6s 1924.. 97 |one directors, and made public here 24 1928.. 83% 98 |}y Simon Guggenheim, president. The statement was issued w! e an- e e e Jouncement of the annual meeting to i . e hel pri and a call for proxie: Anaconda Copper 6s 1929 for the meeting. nd Pacific refdg. 4s.. 68" Co. . - o7 Mr. Eilers' charges were contained in a petition in decision for a writ of mandamus to permit him to examine § land addresses of stockholders and the Tilinols Central 514 050, & 203 |amount of thelr holdings. The writ Internations 81 923 98% | later was denied in court and the pe- 81 itition was dismissed. 9% | Replying to the charges, the state- ooy |ment declares Eilers' suggestion that 9913 {Some of the Guggenheims have re- 10013 | calved Targe salaries is utterly with- president, it asserts, no member of the family is receiving any salary. = Charges concerning the market Readbato % : i . s 1928, f:d just” 'Eilers charged losses resulted monthly list of investi- LA 2] ’ of copper are characterized as -in. % e 20-Yr. 7% Gold Bonds Save While You correct, misleading and grossly un- Sl EE et & In $500 and $1,000 depominations Have the op '“-‘y ities, will be mailed on re- One of the largest av portu to the company from methods fol- tri estinghouse . & M. 70 1061, 9 9% [lowed in marketing the preduet, Losses were not due to any change of hd policy, but were the inevitable out- an 1ve t0c come of the sales agency arrangement . vnder the abnormal and unexpected | b; 3 GRAIN AND PROVISIONS. conditions created by the war. 912 15th St. N.W. Menthly Statee ment Serviee ECURITIES recom- mended by Cassatt must pass the searching scrutiny of experts. They must be such that we will buy them and own them outright ourselves. We should be glad to extend our service to you. “Cassatt Offerings,” a stock books and take the names EQUITABLE CO-OPERATIVE BUILDING ASSOCIATION Organized 1879 41st YEAR COMPLETED Asnsets .$4,272,086.87 Surplus . $1,065,322.50 Pacific Gas & Electric Co. foundation.” Outside of the —Thousands who have adopted this systematic saving plan of the Equitable haVe saved most substantial sums. Subscriptions for the 80th Issue of Stock and mos> successful electric light and power and gas corporations. at a price to yield about 7.10% quest. Kindly axl: for Circular 3-5. CASSATT. ¥ CO. Western Md Western Pacific... 26% 6% 204 Western Union.... 8% &% &% Westhouse E& M. 45 45 46 Wheeling &LE... 9% 9% 9% Wheeling S LEpt 11 1@ 1 Vhite Motor. 39 39 39 ite Oil. . W% % % Wilson Company.. 3% 48% 45% 3% w 5 | Wilson Co pt. 1% S1h 8 & g | Willys-Overland.. 8 8 % &8 Willys-Ovid pf.... 36 86 36 36 16% | Woolworth....... 110 110 110 110 2% |Worthington Pp. 49 49 ¢ 4 7 High. Low. Last. 5% Call Money..... 17 17 1 %] HOURLY saLes oF sTocks. 1% . 253 800 % - 21 300 59% 8% 18% Prev. A Close 23 |Liberty 3is (5-15-47).. o2 | Liberty 2 1% | Liberty 1st 4% s (6-15-47) 26% | Liberty 2d 448 (11-15-42).. 87 3% | Liberty 3d 4%s (9-15-25). .. 90 & 74 |Liberty 4th 435 (10-15-35)..88 30 2 | Victory 4%s (5-20-23) 20% | 19% ! ok | AT% | 18 45 (11-15-42) %0 .83 00 6 2 Victory 3%s (5-20-23) .. 91:6 91 9726 97 3] FOREIGN EXCHANG SLIGHTLY EASIER BY STUART P. WEST. EW YORK, January 25 (Special). —Taking the financial situation as a Wwhole, there was much less of interest happening today than there was on preceding days. Yesterday's sensa- tional rise in French exchange had evidently been excessive and today there came a sharp reaction. This Wwas a technical market movement, ac- cording to all indications, and it did not reflect any lessening of the hope which has been the basis for the re- cent improvement in the Paris check. that the German reparations question will be satisfactorily settled following the conference of premiers that is now on. Sterling exchange later in the day moved sympathetically with the rate on Paris, but at the outset it had broken through the $3.80 level—had, in fact, got up as high as $3.81. This was important, as it refuted the view freely expressed that the recovery in sterling had reached its limit. It was noteworthy that while the drafts on London were making their new high for the current movement the premium on the dollar at the Canadian centers came down to the lowest it has stood at in a long while, namely 13% per cent. In the security markets the most notable incident of the day was the speedy sale of the $30,000,000 American Agricultural Chemical bonds. This was 4 particularly interesting test, not be- cause there was the slightest question offering, ~but because in the new financing of the last few months in- dustrial issues have not been as readily taken as those of railroads and foreign governments. The prompt success of this indus- trial flotation is only another proof out of many that despite the very large aggregate of new capital issues put out within the last eight months the investment demand is not slack- ening, but, on the contrary, is stronger than it has been at any tim general bond 1 further advance the up- ward tendency was not ccntinued. It looks as if investment bonds In have reached atout their limit of present a ce; that is, the longer term i where the yield has ceased to be very tempting. = Re- sumption of the advance will wait upon a, further reduction in money rates. The street was divided in its opinion of Gov. Miller's message to the New York stato legislature on the trac- tion problem. The first impulse was to buy, and both stocks and bonds of the various New York city lines moved forward quickly about a point on the average. Thesc figures reach- cd within the first few minutes of trading proved to be the high, and later there was a reaction which took way part of the gain. On the one d the message seemed to point the was to an S-cent fare more strongly than had been expe L. On the other hand there were two adverse points to be considered. The first was the very good chance that through a combination of New York city republicans with the democrats any attempt to put through the gov “rno program at the present ses- 1 |5ion would be defeated. The second 4 | nicipal own unpleasant hint in the mes- ce itself that if a unified system were formed out of the different trac- tion lin a nereaged fare al- lowed it would be a prelude to mu- D January T%a8, demand, ., demand, . Lire, demand, 3.59; cabies, 3.61 farks, demand, 1.69 cables, 1.70. Greece, demand,’ 7.50. Argentine, de- mand, 35.50. Brazilian, demand, 14.85, {Montreal, 113% per cent discount. | Government bonds, steady; raflroad bonds, irregular. Time loans, firm , 90 days and 6 months, 6%a 6% per cent. —— IBERTY BOND NOON PRICES. NEW YORK, January 25 cs of noon were: % 80 bid; second 4, second 41, | 58.05: third 4348, 91.00: fourth 4i;s, 165 victory 398, 97.30% victory 43, 5. — e QUOTATIONS. —Bar_sll- gn, 66%; %. uary 25.-— Bar silver, per ounce.: Money, 5% per cent. Discount rates, short bllls, 6a6% ‘er cent; three-month bills, 6% per cent. about the high-grade character of this | 8.00. Dressed poultry—Fresh killed spring | green, pearl and wax, 2.00a5.00. Beets, Chickens, per lb., 37a38; hens, per lb,|crate, 2.50a2.75. Brocol, bushel, 65a 85; roosters, per lb., 23; turkeys, per|75. 1b., 55a60. Cabbage, per ton, 10.00215.00; cauli- PHILADELPHIA Circular_on request for e Hers BALTIMORE, January 25 (Speclal). éroular age receipts, 62; southern, 60, —Potatoes, white, No. 1, por. 100 T e § ey 4 ST.PAUL STREET i M L-366 Shares, $2.50 per Month Live peult; ers, per Ib., 20;|pounds, 1.50a1.75 cobblers, 1.50a1.65; No Penalty on Small Bl.l’..-ee- = 4 Per Cent Interest turkey's, per ib., 5033 chickens, Spring. | McCormicics, 1.25a1.40; N, 50a75; ®) v 2 BALTIMORE per 1b., 35a36; hens, per lb., 31a32; keats, sweets, per barrel, am: ~ = young, each, 30a50. 4.00a5.00; No. 2, both, 0 Beana, 4% TR TheNationalCity EQUITABLE BUILDING, &agom " 915 F St. N.W. ‘Washington—741 15th St. Interest on Savings Accounts. 80 Cents Ope m Account. THE CLINTON BANK Green fruits—Appics, per bbl, 3.00a | 3:30: onions. per 100 R 7: DAt 7.50; per basket, 75a2.50. _California | tiv SYEIRT) Plan anch. Lo Tettone ser boe 3.00a4.00. Pincapuies, gl:u?si 0;'1'5 €| o hu.so. peppers, gn.t‘a per crate, 6.00a8.00. California oranges, | 1085.00; radishes, ber bunch per crate, 4.00a5.00. Florida oranges, per (JAroy | = cqbhige. bushel. crate, 4.00a4.50. Grapefruit, per crate, | Sp/hach, bushel, 1.25a1.50; squash, 4.00a5.00. by, No. 1,|, Tomatoes, crate, 2.006.50; turnips, nearby, IN050; | bushel, 1.25a1.50; apples, barrel, 3.00a - e, | 6:00; No. 2, 2.50a3.50; box, apples, 2.00a northern, per 3.00: s | 3:80; loose; per 100 pounds, 1.25a1.50. toes, per bblL, N Dbl 3.50a4.50, Let- Oranges, box, 3.25a4.00; grapefruit, 50a2.00; yams, per bbl, 38048 0, <17 box, 4.00a5.00; tangerines, strap, 6,008 tuce, Florida, per crate, 2000800 O [8.00; cranberries, barrel, 14.00415.00; ery o 3O . 81,05, | strawberries, quart, 60a63. 000750, ROmaIne tab.00. Cymbiings, | Wheat—No. 1 red winter, spot, 192;. squuh,lpe Florida, 4.0024.50. Spinach, | No. 2 red winter, spot, 1.92; No. 3 red e eaam0-" Peppers, per basket, | Winter, garlicky, ‘spot, 1.84 per bushel; 33, “Tomatoes, per Do, 6000800, | JanUary, 1.84; Februsty, 1.84%; March, Onions, S perfisacio L OT L TE e e e WheatiaslenBas Totalof messbe sprouts, per, quart, 15 Cran " | ple_at 178 per bushel, 4 ] 18.00 per bbl. Corn—Cob, new, yeilow, 4.40a4.10 per D e wARLET bbL in car lots; contract corm, spot, 81| A 1al). shel; January corn, ; Febru- BALTIMORE, January 36 (Speclah; ary corn, 79%; track corn, yellow, No. 2 —A .rnv: live, per Ib., 28a34; dressed, | OF better, 83% per bushel; nominal. Shages "old, 28a33; dressed, 32a34: old [ Corn (aies_Bag lot of yellow, deliv- foosters, 20a23; dressed, BaZt DUTKY: | ‘Oats—No. % white 53 per bushel| A e rurkeys, 40a50; dress- | asked; No. 3, 52 per bushel asked. | d‘;esa‘gt 5 Pigeons, per pair, 40a45. Rye—Bag lots of nearby rye, as to Guinea fowl, 40a65. Capons, dressed, |quality, 1.60 per bushel; No. 2 western e g export, spot, 1.81% per bushel. Tggs—Loss off; strictly fresh near-| Hay—No. 1 timothy (nmominal), ~“doz., 63a64; Southern, 62. _|standard timothy, 26.00a26.50; No. % y, fancy. 1b., 53a54; | timothy, 25.00a25.50; No. 3 timothy. prints, 54a56; y, B dairy | 20.00a23:00; No. 1 light clover mixed, prints, 25a30; rolls, 20a23; ladles, 302 15500a25.50: No. 2 light clover, mized, 32; process butter, 37a38; store pack-|23'00a23:50; No. 1 clover, mixed, 24.00a s. L 25— Butter— | 24:50; No. 2 clover mixed, 20.00a23.00: NEW YORK. January 25 reamery, | No: 1 clover, 26.00a27.00; No. 2 clover, T has “xtras, 5012a51; cream. |21:00a23.00; ‘sample hay, 16.00a20.00. B tras (92 score), 50; firsts (58 to| Straw—No. 1, nominal; No. 2 el O eking stock, cur. |stralght rye, nominal; No, 1 tangled No. 2, 23. rye, 17.00; No. 2 tangled rye, 16.00; No. FEegs—tirm: receipts, 13,444 cases.|1 wheat, 13.00a13.50; No. 2 wheat, Fresn gathered, extra’ firats, 64a65:(12.00812.50; No. 1 oat (nominal), 18,00 firsts, 61a63; state, Pennsylvania and |a18.50; No, 2 oat, 16.00217.00. nearby westerg hennery Wh'lefl_,l:l::;; CHICAGO, January 5. o dofer::fiynfiégie:nl?(heén;)g;’;!arowna. Hedging corn sales lessened in vol- ::lras, 67; do. gathered browns and L’é'c'.’..'a. "lTheeclr::er :'fn,'un:"n:' r:; mixed colors, firsts to extras, 62a66; | 7P s to 1% cents net decline, with May, refrigerator, fair to good, 54a58. &y !0*58%' Cheese—Steady: receipts, 2.289 box- | " Spgquently, with a lack of ag- es; state, whole milk. flate, held, Ane- |srensive buying, the wheat market clils, 26429 d jate, “fresn, spe. | wezkened sUll further.” Prices closed state 3 . 2 unset to cents net lower, ciais, 24%a25%; do., average run, 22% | ol "March 167 to 1.67% and May P oultry—Live, steady; fowls, 34a36. [157 to 157% Dressed steady; fowls, fresh, 26a4l. “.VrlvEFAT : ;’l;eoll ‘lli_;al;3 ]l::% ('l'ru'u_ CHICAGO LIVE STOCK MARKET. | Mty 60 160% 136% 157 ‘Vegetable: . % .00 078 .68 markets).—Cattle receipt 3 0% .es% el higher; early top, mioatIyAiblto) 28 o, prime held higher; bulle, 7.7589.00; she | Lo e v ATE MR MR % stock and calves steady to_strong; bulk | NEW. by e o e tter; bulk vealers, 11. .60; | 528 straights, 9.00a9.75. ‘é‘&‘x‘x’fi”.:'l’mfi.’ bulk, 5.40a6. stockers | Pork—Steady; mess, 30.00a31 and feeders, 15 to 35 higher; bulk, 6.50a | Other articles unchanged. —_— “Hogs—Receipts, 45,000 head; lights ac- trerSis to. 55 higher, others slow. 10 to 15 higher than yesterday’s average; big packers sharing early buyers; top, 10.15; Dbulk, 9.1529.75; pigs, 10 to 15 higher. Sheep—Receipts, 19,000 h killing classes about steady; lamb top, 11.25; bulk, 10.00a11.00; to) Iy, . 9. bulk, §.0029.00; ewe, top, 5.00a5.75; bulk, 4.25a 5. prime, 115 pounds, wethers, 6.35; 3 to 9. look few feeding lambs up steady. TREASURY DEPARTMENT PROMOTES M. F. WEST NEW YORK, January 25.—In the bond market the one episode of the day was the quick placing of the $30,- 000,000 American Agricultural Chem- ical 7% per cent bonds. These bonds are, to be sure, exceptionally of high class. They represent the only mort- gage obligation of the company ex Placed in Charge of Statistics, Re- | cept a small closed mortgage amount- ing to slightly less than $7,000,000, ceipts and Disbursements in The)l'( Come ahead of the preferred stock, which has always paid its divi- Internal Revenue. dends and always earned a comfort- able balance besides. They are se- cured by a pledge of net assets to the extent of at least 250 per cent of the total funded debt and 140 per cent of current liabilities. Nevertheless 1t was scarcely expect- ed that these bonds would go as rapidly as they did. The subscription books had closed within an hour aft- er they had opened this morning. . Trading began in the regular way in Belgian 8s, when issued, which sold at 100 and 100%. The Belglan 718 were not as strong as yesterday, re- flecting disappointment ‘that the new issue did not go to a premium. The were down to 963 after selling 97. French $s were off a bit to % and Swiss s continued heavy at Japanese bonds, being a sterling loan, are benefiting by the Improvement In sterling exchange. While sterling has been having its 30-cent advance dur- ing the last month, the Japanese 4 have gone up from around 56 close to 61. Liberty bonds were slightly higher, but developed no feature. Traction Bonds Higher. Traction bonds did the same thing that traction stocks did in response to the governor’s message on the subject of increased fares. They had a little spurt at the opening, in the course of which Third Avenue 58 got up a point to 32, lnlgrt;:ruufihxmpld Transit 5s a point’ to 55% and Interboroug points to 72. o e But these gains were lost subse quently when it became plainer that g the governor's program was aim MILLAKD F. WEST. at eventual m;r(ljclnl‘ ownership. e Consolidated Gas 7s, feeling the ef- Eromotion fiRIAse 1, West toibe lrect iortthis untaverablationsasss it deputy commissioner of Internal rev- | port, got down below par at one time, enue, where he will have charge of{but ' subsequently rallled to 100%. statistics, recelpts and disbursements, | Itubber 7% opened at 100 and drop- has been announced by the Treasury |Ped to 99%, but later rallied. evetraent Westinghouse Electric 7s were also Mr. West 18 familiar with his new |2 bit lower. Railroad bonds likewise auties, having served for some time|showed & disinclination to continmc 48 supervisor of accounts for the bu- | their upward movement. There wepe reau. He is a native of Lancaster,|a few exceptions, among them the Ky and entered the government) Baltimore and Ohio refunding 8, e as a deputy collector of in-|Which rose over a pojnt to 71 By nal revenue in that state. He took | Benerally the rails were shaded a rt in many spectacular raids on |fraction. mountain “stills,” and served so well | = that he was transferred to Washing- LIBERTY BOND v ton. | for several years Mr. West served as assiathnt depaty commissioner in| BOUGHT AND SOLD FOR CASH charge of distilled spirits, tobacco, Lib Bo d E estute and capial stocks taxes, and €] L] change later was given supervision of sales, admissions, transportation, document- 604 14th St. N.W, . ary and special taxes, at 9% 10. — i JOHN JOY EDSON, President i | hone—Main 3176, Fork—Drossed, small, per Tb., Mal5; | fower. crate, 2.25a2.50; celery, wash- Clinton, Md. o | e FRANK P. REESIDE, Secy. medium, 14al5; heavy, 10a13. < ity Cacumbers, bOX, |, Gilbert Dent J. Frazk Dent ive stock—Calves, per Ib., 16a17;|7 .00; eggplants, crate, 5.00a6.00; | W: Bt D 2 Cashier Ou ecelve 10a11; sheep, 3a6; hogs, 10%. kale, barrel, 1.75a2.00; lettuce, 2.00a WHAT HE KNOWS PAYING THE PIPER 7% irst Mortgages heinsmemhalicye The man who buys our Fi knows that he will keep his principal e e e Interest on Your Investment in S il e A when it is due. He knows that there will be no fabulous R R T FIRST MORTGAGE NOTES | months with these who foilowed the tempting course of speculative igh- real ts and that he will get nothing that investment. Readjustment took Secured by high-class gfgflmo:" does not earn. heavy toll on specuiations. estate valued at more than dou- N iod Ve d itrated more eRectively the firm and ea. ble the amount borrowed. during characteristics stabilised On the other hand, he knows that pay- ment of interest is made promptly when . ¢ due and that there is no chance for him e N LG All details handled by experts, rter 10 lome. poriod of . cavtaiied " ralontins who can best maintain the safe- Over a Qua At present, our First Mortgages yield 5wr:z EodeammsionituliheivAlune ty of your investment. of a Century 7% to investor. Tioney ahd markot congitioms, thels Without a Loss. In Amounts of $250 and Up. Any amount from $100 up can be placed and interest will start interest payment is unvarying. i ol B. F. SAUL CO. Full particulars gladly fur- 727 Fifteenth Street N.W. pished. Mortgage Loans Automobile Insurance Managers of Estates 934 N. Y. Ave. N.W. and Rental Properties ‘Washington, D. C. THE NATION’S HOME TOWN. SHANNON & LUCHS, Main 2345. 713 14th St. HENSEY CO. 1 $1,200,000 Washington Gas Light Company Five Year 74% Gold Notes Dated January 1, 1921 Due January 1, 1926 Denominations $1,000, $500 and $100, registerable as to principal Redeemable as a whole, or in part, at the option of the Company, on any 7 interest date, upon four weeks’ notice, as follows: After January 1, 1923, at 103 and accrued interest; after January 1, 1924, at 102 and accrued interest, and after January 1, 19285, at 101 and accrued interest AUTHORIZED BY THE PUBLIC UTILITIES COMMISSION OF THE DISTRICT OF COLUMBIA Total authorized issue $2,000,000. Interest payable January 1 and July 1 without deduction for Normal Federal Income Tax up to 2% per annum. AMERICAN SECURITY & TRUST COMPANY, WASHINGTON, D. C., Trustee From a letter signed by Mr. H. S. Reeside, President of the Company, we summarize as follow.: BUSINESS: g g 1 8 Chastes Washi n Gas Light Company, incorporated by Congress in 1884 and operating under a perpetua{ whlchncl:n onlyul;gtghan ed bg an act l:)f éongress, manufactures all the gas used for heat and light in the Dls:'i:tt okf Columbia and several otF the communities in adjoining counties of Maryland and Vlrium. 1t controls, tll_mugrhl 'oca.l ownership, the Georgetown Gas Light Company and the Rosslyn Gas Company, which companies are its princip: subsidiaries. . PURPOSE OF ISSUE: The proceeds of this issue will be used to reimburse the company’s treasury for expenditures heretofore incurred for extensions and additions to the property and in acquiring other property. Crane, Parris & Company 823 Fifteenth Street N. W. We do not guarantes the statements and figures presented herein, bus thay are taken from sscross we believe to be accurate. PROVISIONS OF ISSUE: ] i i i interest, after provision for depreciation allowed by the Public Utilities Commission E‘irst N'lortgage Bonds and this issue of Notes. { DIVIDENDS: The Company has paid dividends on its Capital Stock, without interruption, since 1884. Al legal details in connection with this issue have been passed upon by Messrs. Minor, Gatley and Rowlana. Application will be made to list these notes on the Washington Stock Exchange. We offer these notes, subject to prior sale, for immediate delivery in permanent form. = Circalar on Request . Price 100 and accrued interest, to yield 73% ’ i