Evening Star Newspaper, January 27, 1921, Page 25

THE EVENING STAR, THURSDAY, JANUARY %, 1921 Grain, Produce and Live Stock) v o iy sizsems NEW YORK, January 27.—Despite the sharp slump of business in Decem- aucmm AND'ERONISIONS LOCAL WHOLESALE MARKET. [ber the sales for the previous months 0 TIMORE, January 27 (Special) — tricty fresh, per doz. 6% |Of 1920 were in sufficient volume to Potatoes, white, No. 1, per 100 Ibs., 150 average receipts, 62: southern, make the year s bamner one so far a8 | 30 Gests Gacas o Seeotse 1158] a5onplers, Lotalso; McCormicks: | Live poultry—Koosters, per 1b. 20; 155068, Wiord CORCOReS, (S0 oen. “The Clinton. Md .15a1.25; No. 2, 50a L t b, 20 i = - fel, 300450, “yama, '4.00a4.50; N Der 1, 3936 Heng. por T Siast; Rents, slump In pecember purchases wa| L on, L s 0. Boots, ceate; 23082 sy o Sears-Roebuck to 20 per cent for the President ank FINANCIAL. % FINANCIAL. NEW YORK STOCK EXCHANGE. Received by Private Wire Direct to The Star Office. Open. s B% Stewart-Warner.. 35 Stromberg Carb... 38% Studebaker....... Superior Oll. . Temtor Corn (A).. No Intangible Tax. No Penmalty on Small Balances. 4% Interest on s.Z..- Accounts. 50 Cents Opens am Account. Money to Loan on real estate Prevailing rate of interest JTIZENS SAVINGS BANK Commercial Allied Chemical... B1 &2 Allis Chalmers.... 36 % rspf. 20 81 Allis Chalmerspf. % 8 ene G i pDTEssed poultry—Fresh killed apring | American Wholesale Corporation. ™ Texas Company... flower, crate, 2.25a2.5 35 rooetane e Ry s per 10, o Lo ust o Texas & Pacific. 3.00a3:50. Cucumbers, “bo ib., 2 & Texas & PC & Oil. Egwplants, crate, 5.00a7.00. Kal B Sae0. OIL STOCKS. 46 6% Pork. = N %% 3% Tobacco Prod. ... 125aL50. Lettuce, crate, 23.00. | Pork—Dressed, small, per Ib. 14315;| quotations furnisbed by W. B. Hibbs & Co- P 912 15th St. N.W. - Teate GinirOm. Onions, per 100 Ibs., 1.00a150. Oyster um, 14a1 0213, Bid. Asked. 'AYING THE PIPER 1 Transue & Wilm: plants, bunch, 7a8. Parsnips, bushel,| Live stock—Calves, per Ib., 16al7; Anglo-American 0il Co. (new) 19Y, _ 19% Am Chicle Co » 2 Twin Clty R Tran 1.25. Peppers, crate, 5.0026.00. Radishes, | lambs, 10a11; sheep, 3a6; hogs, 10%. Atiantic Refining_Co. ol That those who dance may pay Am Cotton Oll. 2 2% b S per bunch, 4. Savoy cabbage, bushel.| Green fruits—Appies, per bbL, 3.00a | BomeScrymser o = the piper was the somewhat cryp- M t ban m e a pt. 3.1 .00, lemons, M 112 = Am Tee pt. LB B United Drug. Tomatoes, crate, 2.0026.50. Turnios, | per crate 000500 e mormi oabies, | Continen » woldT %8, e, Biper nas been no Securat by First Dead of Traat cn Real Botan, Am International. 46% M7 United Fruit. bushel, 1.25a1.50. ’Apples, barrel, 3.00a | per crate, 4.00a5.00. Fiorida oranges, pe months with those who followed . 420 Wash. L. & Tres Am Linseed. . 9% United Ry Inv. 6.00; No.'7, 2.50a3.50; box apples, 2.008 | crate, 4.0024.00. Grenarrait poc crme, ipe Line the templing course of speculative Joseph I. WellerS3 Moa s SR EGCORGve Py United Retail Strs. & oose, per 100 Ibs., 1250150, ' 4.00a3.00. 2 Gaiena- C 3 v || iovestment. Readjustment took U SCastIron pf... 4 Oranges, box, 3.00a4.00. Grapefruit, en vy toll on epecaiations, e o USCastironp 3.50a5.00." Tangerinen. otran_ b O0aT.00. | pev Ectables—Potatoes, mearby. No. 1,| GRS O, No period ever demonstrated et e U § Indus Alcohol Cranberries, barrel, 14.00a16.00. Straw- | horthers, oo soii®3. o T et Cove 2 R oA A, e lan o o m Smelting. = = » af hs 65 uring characteristi LS Tt n US Rubber. . berries, quart, 65a70. i New Yo Transportation Co...: 12 ] Smpnaamcteriatics of stabilismd Soundly Guarded Investments Am Steel Fa: 20% U S Smelt & Ref. Selling Prices at Noon. -.50a2.00; yams, per bbl Northern Pipe Line Co 085 Mortgage Notes on improved Wash s 5 % ‘Wheat—No. 1 red winter, spot, 1.85; | tUce, Florida, per crate, 2.00a3.00. Cel- | Ohic Ol Co 33 38 ington “real estate. ~The recent m Sugar. . No. 2 red winter, spot, 1.85; No. 2 red | €7¥: Der doz.,'1.00a1.50; California celery, s 430 period of curtailed valuations ‘When we place a mortgage on prop- Am Sugar pf...... 107% 107% winter, garlicky, spot, 1.76 per bushel; | :00a7.50. Romaine 'lettuce, 75a1.25. = Drought no depression to the values erty, we assume a guardianship of the Pt e Utah Copper. % | January, 176; February, 176%; March, (DAUaSh: per, bbl, 150a2 00, Cymblings, Coueos 2 in Toney and market condibm b property mortgaged. Vanadium Corp... 36% .78. BLL £ One o g 0dad 50, > e 2 245 interest payment Is unvarying, AmTel & 99% per 5.0025.50. ' Peppers, per basket. N .. e Va Iron Coal & C anmonoaaction of 25c per barrel Was|3nai50. Tomatoes. o Doy 6.0008.00, | Bocshwest. Poun. Fipe Line. i SWART? For instance, we see that the taxes and Am Tobacco (B) % Corn—Cob, new, vellow, 3.90a4.00|Onions, per sack, 1.65a1.75. Brussels| Standard O}l Coy GLI0Toley: 7z ARTZELL, RHEEM & special assessments are paid. ; b G fract coen,|SPTOULS, per quart, 15a25. Cranberries, | Standard Ofl Co. Jo 600 Am Woolen. . % Western Pacifie per bbl. in car lots: contract corn, 7900’ h | bb,_q - » { Rtandard Oil Co. as e en ook, 7Tkiner Dushel ey corD - HENSEY CO. Insurance fully equal to the amount of Western Union 77%; February corn, 76%; track corn, - Rtandard Oil Co. Nebraska. 350 the mortgage is provided for and we see 4 AmZinc& Lead... 9 Westhae Alr Br N s : ;| CHICAGO LIVE STOCK MARKET. |giangard OIl Co. New ANk Tart . Westhas Air Bric.. yeliow. No. 2 or better, 82 per bushel:| gau’ S0 TIVE STOCK MARKER. | sunard oil C2: oulo s 727 Fifteenth Street N.W. o it that the insurance is always kept in Anaconda Wheeling & L E. Oats—No. 2 white, 51% per bushel | States Bureau of Markets) —Cattle— | Swan & Flacy Co- 15 ‘Washington, D. C. or0e: Atchison. - 8% White Ol asked; No. 3, 50% per bushel asked.|Receipts, 14,000 head; beef steers | \nion Tk 7,"¢ s Over a Quarter In this manner h loaned 1 Atlantic Cst Line. . s4% Whitartaron Rye—Bag lots of nearby rye, as|5teady; early sales mgstly 10 to 25 |vremnington Ol Oo. £ THE NATION’S HOME TOWN. f a C z- the wmonay: loan: ” Willys-Overland % 8 to quality, 1.60 per bushel: No. 2 oo W cliolee floa s helatesonne of a Century safeguarded at all times. i veste: Xport t, 1.73 4 . sielodS G 1803 H Wwilhsovidats o 8 anin. Westemn export apol 1 izt varbumhel | Lt M e Without a Loss. In Amounts of $250 and Up. W.orthlng!on (B).. lower; canners and low-priced butch- er cows steady; bulk canners, 3.40a 3.75; bulk butcher cows, 5.00a6.00; few heifers above 6.75; bulls and light calves steady to lower; ship- ping calves steady: bulk good and choice vealers, 12.00a13.00; stockers and feeders slow to lower. Hogs—Receipts, 74,000 head; most- 1y 10 to 15 lower than yesterday's average; lights most activ y- standard timothy, 26.00a26.50: No. 2 timothy, 25.00a25.50; No. 3 timothy, 20.00a23.00; No. 1 light clover mixed, 25.00a25.50; No. 2 light clover, mixed. 23.00a23.50; No. 1 clover, mixed, 24.00 a24.50; No.2 clover mixed, 20.00a 23. 1 clover, 26.00a27.00; No. 21.00a23.00; High. Low. Last. Call Money. .... h 1 1 HOURLY SALES OF STOCKS. Balto & Ohlo...... 4% Balto & Ohiopf... 51 Barnett Leather... 29 Barnesdall (B) % § Beth Motors. Beth Steel (B). Beth Steel 8% pf...105 B. F. SAUL CO. Mortgage Loans 934 N. Y. Ave. N.W. on lm’” BOUGHT AND SOLD FOR CASH meuctarete [ | Liberty Bond Exchange, fin Interesting Teat LIBERTY BONDS sample hay, Automobile Insurance Fire Insurance Managers of Estates ing. Know how :’w"-l::'ola e 604 14th St N.W. t by monthly invest ITY BONDS. LIBERYY LTt S Anvestmen: 0. 1, nominal; No. 2 straight rye, nominal; No. 1 tangled rye, 17.0f i i op, 9. o Close Today | (7" o 6.00: N bulk, 200 lbs. and down, 9.50a9.8 t” s & book that goes bo- and Rental Properties Liberty 3%s (6-15-47)...... 9206 92 04 No. 2 wheat, i|bulk, 220 pounds and up, 9.15a9.3 Beath the e i aagemaniesyon Liberty 1st 48 (6-15-47).....8 3 817 | No. 1 oat (nominal), 15.00a18.50; No. 5 | PIES: 15 to 20 lower, =% e ofsocuritics Hound in sdft EQUITABLE Liberty 2d 4s (11-15-42) i 80 8746 | oat. 16.00a17.00. aDneep R eceipin D000 heal lemo bosrds and handsomely printed. it L Ibexty, 1“4‘52“((1';'1155":3), ?:: :—7,:3-‘ CHICAGO, A bidding 25 to 50 lower; choice lamb- Uion to your % CO-OPERATIVE BUILDING Liberty 2d 4%s (11-15- al and economic condi- arlings, 9.50; bidding 50 —_— Liberty 3d 4%s (9-16-28). .. 0 0 0 36 | tions in Europe led to sharp declines | lowor on feeding. lambe. 5 KRIEBEL & QO. ASSOCIATION Liberty 4th 4%s (10-15-38)..88 16 8770 lin the wheat market today. Bearish J pa l T Victory 3%s (5-20-23) 97126 9132 |crop gossip tended further to depress T Dr. Fu Investment Bankers rganized 1879 nterest on Your vmgs Victory 4%s (5 23 9726 9736 |values. Support was lacking. Initial All the Yappers want, says Dr. r- 41st YEAR COMPLETED Assets . 3 Surplus E Save If You Would Succeed —Thousands who have adopted this I quotations which varied from un-|ness, is peace and quiet. National changed figures to 1% lower, with|anthem: Please Go Away and Let March 1.62% to 1.63 and May 1.521; tle Rock (Ark.) Gazette. to 1.53%, were followed by a decided setback all around. New low prices for the season were reached by corn and oats. Liberal | Mniag 'pt, < receipts ¢ o continued. Atter, Standard Match Co, q, opening to % down, including Standard Ofl Co of Kansas, May at 66% to 67, the corn market a. $3 2 * "|underwent a further sag. Oats fell with other cereals, start- ing unchanged to % off, May 2%, and then suffering a general decline. Provisions weakened as a result of the downward tendency of hogs and grain. There was considerable wheat sell- ing on an estimate that the four prin- cipal exporting countries would have | 7 Compounded Twice a Year To become successful one must be thrifty. .Success means effort and oftentimes sacrifice, but success is the highest ideal of one’s ambition. Penn R R Co, q Standard Milling, Standard Milling p! systematic saving plan of the Equitable have saved most substantial ml» Subscriptions for the 80th Issue of Stock Being Recelved Systematic Saving through this Association will in- still in you that spirit of thrift which will start you on the road to success. One dollar will start your account. Come down and talk it over with us. extra, $3 . Skelly Oil Co 1st pf. q, v Steel Co 1st pf, Eascern Steel Co $1.75 ... East'n Potash East'n Potash Co pf, q, 1 % Continental Guaranty, q. 2 cmzrcm Safe Depoait Shares, $2.50 per Month 4 Per Cent Interest 5% 9 k1l 39 8% 0% 2% 109% 13 0% % 51 % 58 106 8% 8% B 5% 38 0% 1% 17 ay% 36% % u7 2% 2 6% 59% 18% 8% a% 68% % a% 12 2% &2 8% nk% 2% In 1919, the total of our . oy 3¢ oz : e reE, e 000 busire mports ixom. Chile EQUITABLE BUILDING, Columbia Building Association n% S On o & 13 |into the new crop, but one of the amounted to $82442,364. 915 F St. N.W. 620 F Si N.W. Swier Oy ariof leny largest firms hero regarded this esti- At ERICALCABLES SN 30s Hraa e | . treet N.W. sy mate as bullish and the market ralli AMI . President Under Gov: t Superviste sharply. Prices closed firm, % to 1% FRANK P. REESIDE, Secy. i e e e e ) net higher, with March 1.64% to 1.64% affords American manufac- —_— and May 154 to 154%. Later the corn market recovered ‘with wheat and closed nervous, % net let;\:‘el‘ to % advance, with May 67 to “IAGTION ON STERLING -7 === CLOSELY WATCHED = = = turers and exporters a close, accurate means of commu- nication in trade develop- ment between the Americas. JOHN L. MERRILL, Pres. Cable Office, 1126 Conn. Ave. Telephone Franklin 1169 13" 154 L3 o 661 67 42! 42% 42Y 42% o5 ho8* 8% We offer: : : Emerson-Brant pf NEW YORK, January 27 (Speclal). oy 4 Endicott-Johnson. 61 —Again today the center of interest NEZV X anl‘K. v-:g‘:&"ynzg-}i’:xi e we In the financlal situation lay outside [siraigte 5 oat oy Spiing fansas Famous Players. Fed Mines & S pf. Fisk Rubber. .. .2 Kelly-Spring Tire. ennecott. 19% S L L L PEUIL RLEL R bR PR FELLPPLL (L PP P Manhattan Elev... 6 Maxwell Motors. &% Maxwell 1st pf. 8 Dept Stores.. 72% 2% can Pete..... 155% 19 2% MoKan & Texpf.. 4% 4% Mo Pacific.... - 18% 18% Mo Pacific pf... 38% Montgomery Ward 17 17 RO I E PLP R Pl B P B FPRU TP TR PH UL S P EE P T AL EES U R L TR Y P TR B PP PRICH Y PRI LI L LR LR F #83 # SpptfETregny & 398 %5882y the stock market, which was, for the most part, quite unimportant. The , one striking feature in the outside markets was a further vio- lent jump in sterling exchange, which was quoted right at the opening of business above 3.87. This was a rise of nearly 3 cents over night and 8 cents from the close of Tuesday. In some quarters there was a disposition to explain this movement entirely by the fayorable . anticipations enter- tained regarding the outcome of the interallied conference at Paris. There is no doubt that this has been a factor right along. But if the prin- cipal cause of the remarkable rise in sterling rates was the idea that the English premier will bring the French representatives around to his policy of moderation toward Germany in fixing the indemnity this should have an equally stimulating effect upon French and German exchange. Yes- terday the advance in francs and marks was very slight by comparison with that in sterling, while today both French and German bills went lower in face of the continued up- turn in London This would indicate that while much is hoped for from the proceed- ings at Paris—and this is a considera- tion of the very first rank in the situ- ation generally—the main reason for the improvement in sterling lies in the change for the better in Great Britain’s foreign trade. The fact that this change i8 more pronounced in England than in other countries ac- counts for the recovery in sterling being more extensive than that in continental rates Light Trade; Some Changes. In stocks the fluctuations were for the most part small, with trading at a very low ebb. Still the market was not without its significance. Just as on previous days the cutting of steel and oil prices had had no last- ing effect upon the stocks mainly con- cerned, so today the sugar stocks ac- tually went up on the heels of fresh reductions announced yesterday in re- fined sugar and this morning in raw sugar. Ofl shares were strong under the lead of Royal Dutch and Mexican Petroleum. The general manager of the Mexican Petroleum issued a re- 6.75a7.75; winter straights, 8.35a8. Lard, steady; middle west, 13.60a13. Other articles unchanged. COTTON MARKETS. NEW YORK, January 27. — Firm Liverpool cables and higher sterling exchange rate: ere followed by an opening advance of 21 to 38 points in the cotton market here today. Pri. vate advices attributed the firmnes: in Liverpool to better reports fro Manchester, and hocses with Liver- pool connections were moderate buy- ers here at the opening. ¢ After the call March sold off from 14.60 to 14.48, and July from 15.03 to 14.98, but the reports of an improving tone in Manchester encouraged local buying on the setbacks. Futures opened steady; March, 14.50; May, 14.80; July, 14.98; October, 15.25; December, 15.24. NEW ORLEANS, January 27.—A better Liverpool than due and the pronounced strength of sterling ex- change sent the price of cotton high- er today. In the first half hour of business the more active months rose 26 to 30 points, March touching 14.18. Futures steady; March, 14.05: May, 14.25; July, 14.53; October, 14.65; De- cember, 14.60. ‘The niarket continued steady on the favorable Bank of England statement and continued reports of American mills re- suming work, but the advance lost its headway after it amounted to 27 to 30 points. LIVERPOOL, January 27. — Cotton spot quiet; prices higher; good mid- dling, 10.58; fully middling, 9.83; mid- dling, 9.08; low middling, good ordinary, 6.33; ordinary, 5.58. Bales, 4,000 bales, including 3,000 American. No receipts. Futures closed very steady: January, 9.34; March, 9.64; May, 9.78; July, 9.93; October, 9.98; December, 9.92. BELGIAN BONDS INURGENT DEMAND Open at 8:30 AM. Every Banking Day Columbia National Bank 911 F Street Surplus, Capital, $250,000.00 "$250,000.00 Equipped for Service <« OLUMBIA National” is essentially a business man’s bank—managed by business men and equipped for service such as business men’s requirements demand. Let us know you and your needs—our officers invite conference at your convenience. g5 FOREIGN EXCHANGE BOUGHT AND SOLD Compound Interest Paid on Savings. 3 (4] You can open a Savings Account at l this convenient Bank with as little as Open Saturday 5:30 P.M. to 8 P.M. Lincoln Saiv: ““This Government must be preserved in spite of the acts of or st of men. It is worthy of your every effort. Nowhere in the world s preseated & govorament of s much Washington Gas Light Company : Five-Year 72% Gold Notes Due January 1, 1926 - Denominations $1,000, $500 and $100 Price 100 and Accrued Interest to Yield 714% Circular on Request . Crane, Parris & Company 823 15th Street N.W. Telephone Main 593 Established 1883 S port regarding operations for 1920, i Liberty and equality.” ;’/‘ % which he said n:mhn wan the most prosperous year in the company’s his-| NEW YORK, January 27.—The two B B tory and-that earnings for 1921 prom- |, . % 5 leading features in today’s bond mar- 3 "l::: :: :u;:wlt:‘he double even last Yyear's|iiit were the advance in large trans- 2% o2 7 actions on the new Belgian 8s, follow- iy Big Demand for D. & R. G. ing the publication of the details of Meihora ucifie.. 106 . on One of the incidents which helped |the subscription, and the weakness in break the monotony of a ve: Pennsylvania issues, due to the re- market was the sudden and q“med‘:x']_x port that a big new loan was on the gent demand for Denver and Rio|Point of announcement. Grande stocks. The trading in the| It appears that the only ones to re- Nova Scotia Steel.. 24% % % Oklahoma Prod... 3% 8% 3% Orpheum Circult.. 21% 21% 2% OFFICERS PacGasa i, o . & Wi|praterred sapeciaily was exceedingly | celve el e i cants i the FLOYD E. DAVIS, President . PACHICOIL . rervr $T4 1% 1 specdlation was in progress. - This|3500 and $L000 class. Subscriptions of S. DANA LINCOLN, Vice President OF ][NTF REST TO Q LL Pan-Am Pete..... % 76 % 4peculation is based on the possibility | 31,500 to 35,000 Xecelbed & ir im0 PATRICK T. MORAN, Second Vice Prest. 2 el {0 the Western baciie aeiil e ghver | & minimum of 20 per cent, and tiose T ALBERT S. GATLEY, Cashier Pann Seahd Rtacl Io% 15 Y fihe Lniced Plates Buurems; cour| of HPEOMIRIIS u i o oF e i W. McK. STOWELL, Ass't Cashier SECU TY HOLDERS : g:g;f:g&::{e - :‘6 ;2 Baldwin, Studebaker and Republic |80 far this season. and it is not sur- H. E. WILSON, Ass'’t Cashier Steel. prising that the Belgian 8s in the Plerce-ATrow..... 2% %% U% eI Y e ey market snould have been bid up from AN Account with us frees you of the burden of 2 mass of minute a a DAIRY MARKET. B van mid that thé Penmeylvania DIRECTORS detail and places on us the obligation of safeguarding your securities 2% 19% o A ETMORE. Jantary 47 (Sbecial).— [loan Would be for” $00.005,000 and and handling such routine matters as the detaching of coupons, collection JOHN W. BRAWNER Pry Pressed Stl1 Car pf. 103 103 Pullman Co....... 109% 110 Railway Stl Spr. Ry Steel Spr pf Ray Con Copper. : Reading.......... 4% &% Remington Typr.. 3% 3% Rep Iron & Steel. Rep Motor Truck.. 2% Royal Dutch. St Joseph Lead 61 67 2 21% 26% » 4% % Seaboard Afr Line. 6% 6% Sears Roebuck.... %2 2 Sears Roebuck pf. 102 102 Seneca Copper.... 18% 18% Shell Trad & Tran. €% &% Sinclair Oil. . 8% B% Sloss-Sheffield. 53 &3 So Porto Rico Sug. 98 93 Southern Pacific.. 9% 9% Southern Pacrgts. 21% 2% Southern Railway. 2% 2% Southern Ry pf.... 58% Btand Ol NJ pf. ens, live, Ib. 23a34; dressed : old, 28a3%; dressed, 32a33; old ro:‘s::rfiu: 20; “dressed, 21a32. Ducks, 30838 dressed, 35a40. Geese, 25230 dreased. i 30a35. Turkeys, 4050 ; dressed, 40a52. Pigeons, per pair, 40a45. Guinea fowl, 40465, " Capons. dressed, 40a50. Eggs, loss off, strictly fresh, nearb; doz., 658; southern, 56, = Butter, creamery, fancy, b, 52a53; prints, 52a54; nearby, 49a50; daliy prints, 22a24; rolls, 20a24; ladies, 30a 32; process butter, 35a37; store packed, 19a20 5 NE YORK, January 27.—Butter— Firm; receipts, 9,790 tubs; creamery, higher than extras, 51a51%; cream-. ery, extras (92 score), 50a501%; cream- ery firsts (88 to 91 score), 43a49; packing stocks, current make, No. "Eggs—Unsettled: receipts, 25, cases; fresh gathered, extra firsts, 64; fresh gathered, firsts, 62a63; state Pennsylvania and nearby western hennery, whites, firsts to extras, 64a 70; do., browns, extras, 66; do., gath- ered browns and mixed colors, firsts to extras, 62a65; refrigerator, good, 54a58. 3 ol eese—Steady; receipts, 2,194 - ages; state, whole milk, flats, held,p:::‘:- clals, 26a29: do.. average run, 24a2 state, whole milk flats, fresh, lD&E"‘lfil. 24%3a26%; do., average run, 22%a24. | —Poultry, young chick- |would take the form of an issue of di 6% per cent fifteen-year bonds. In view .of the fact that it was known yesterday that some financing of the sort was about to be done, it was rather curious that the bond market should have waited until today to show the effect. As it was, all classes of Pennsyl- vania bonds broke sharply, where yes- terday they had held steady. The 7 per cent equipment bonds fell nearly 2 points to 103. The Pennsyl- vania consolidated bs, which were 911 at the close last night, sold down to 88, and the general mortgage 4%s& dropped from 81 to 79, The great oversubscription to the Belgian loan helped the market for Swiss government issues, as Switzer- land is one of the next applicants expected at the loan couster. 8 were up a half point to 102%. Swiss 2| French 8s were rather heavy and the Denmark 8s were off a fraction. On the other hand, United Kingdom issues felt the stimulus of the great rise in exchange and for the same reason the Japanese sterling loans kept on with their advance, the 4s making a new high around 62. Rail- road bonds outside of the Pennsyl- vanias were little unsettled. The trac- tion bonds again were under some pressure, the Interborough Rapid Transit 68 losing another point and the Third Avenue 68 getting down to 29% against 30 yesterday. FLOYD E. DAVIS ROBERT A. DORE ALBERT 8. GATLEY ‘W. W. GRIFFITH MELVIN C. HAZEN SAMUEL HART LEROY S. HERRON ANDREW LOFFLER PETER LATTERNER §. DANA LINCOLN PATRICK T. MORAN HOWARD R. NORTON HENRY T. OFFTERDINGER GEORGE C. PUMPHREY SAMUEL C. REDMAN JOSEPH STRASBURGER WILLIAM D. SULLIVAN G. TAYLOR WADE Resources, $5,587,505.90 - Lincoln National Wank One of the Oldest and Best Known Banking Institutions of . +eei . Washington of dividends, crediting of interest, preparation of income tax certificates and the faithful and accurate execution of your instructions. This is a convenient and inexpensive way of relieving yourself of the numer- ous details involved in the care of securities while retaining full authority over them. The saving of time and trouble resulting from an Agency Account is well worth the moderate service fee. 2 ¢ AMERICAN ¢ - SECURITY & TRUST COMPANY 15th Street at Pennsylvania Avenue -~ HOMB SAVINGS BRANCHES yth Street and Massachusetts Ave., N.W. 436 Seventh Street, SW. " Eighth and H Sueens, NE.