Evening Star Newspaper, January 28, 1921, Page 27

EASEINNONEY | ‘GENERAL EPORT Smprovement—Bond Buy- ing Proves it. .5 the sliding scale of discounts first used; from 8 and the northwestern districts, where the refused for months to dis- and The printing es are working :.ttf-l'p;el.:mdnud notes at rates of intevest, and the pab- Ba fw mak Nth:t?sw by the mezner n W Tacing with the en ) of the-ee- There scems.e0 ond to-the resources vide the fact that Ty o movement have added ma- ly to the cash resources of the comntry. the enfarced liquidation n_many directions has released the strain.on bank resources and greatly impeoved the general credit position. A Warning Note. “They-National Bank of Commerce of New York sounds a warning in call- ing attention to the importance of the export marketing of many American and predi that the icts fAinaneial ent unstable z &ondnlo‘n: through a large paft o e worl Wil be reflected in the United sm:?; for some time to come. “In addition the readjustment from price levels h:: those of nor- er has 'm pregressive and has affeeted dfl!aren{ commod- fides in turn. A further series of re- afjustments must necessarily occur beiore busihess can be properly re- to new tflfl’fiol;}l.' on stock ex- ehange continues to produce little ekange in market values and is grad- wally becoming of leas and less im- portance. The most ro- ports of a corporation’s operations are ‘without effect on, the ‘where a like “report on a New York listing would be quickly responded to by a shatp-movement. The very narrow- pess ot“: the local market seems ©dd shares of Capital Trac- tion brought 84% and 84%, Wash- Riwmy prefared ot S5 the latiet 2 at latter resenting a slight ds eciine. The list shows very It- o 0 P U g Toiea Tanston Mopotype Company. During the year 1920, from March to December 30, according to an u! :;:’- Lanston = M8notype Com s $8.4 va;m of product, an . 136, over the sales 1 gatimated profits ou 000, an in- er of §473.000 gver the ns for the same months 1919. m"‘ fiscal <ol ends with reports in New Yark oo mmm‘un city the seem oty 78,000,000 to $100,000,~ 7 per cent bond lamie for the tor Company. Earnings of the Ford Motor Com- pany in 1920 were not far from $110,- 000 before federn! taxes and ap- e ,000,000 after all Employes Get Together. employes of the Riggs National ed by some of the junior officials, at this evening at Dumbarton ”ofi'w«-e-uv night forty-five of Smapieems b O ik St 5 " attended a theater party st SULGESSFULSME ~ 0FPENNSY BONDS 2 NEW YORK, January 38.—The $60,- 000,000 Peunsylvania railroad bond issue was all gone by 9:15 this morn- ing. It was one of the quickest trans- actions in the recent recakd, Of coursé there was a heavy oversyb- scription and as against the offered price .of- 89% the bonds were 100% bid later. in the day. difference in the seeurity of these new 634 per cent bonds from that of the 7 per cent issue brought out last spring. are ed up by Penn- sylvania general mortgage 6s, and, in the case of the present issue, there + is an additional cover of $6,000 000 general mortgage 6 per cent bonds of the Philadelphia, Baltimore and Washington. ‘The older Pennsylvaafa bonds, which te had broken yes did better toe » when the new 6% Der cents were seen to be command- y against yesterday's low, at 103. Libertys Slow. Liberty bomds ‘were wery little changed. with the exception of the fourth 4%s. which were quite weak, dropping nearly a balf point and com- pleting a reaction of over a point from their recent high. Belgian 8s, after yesterday's little spurt, settled back agsain and were traded in all day at 100 to 100%. Canadian issues were a shade easier on the deckine in Canadian exchange. JFrench 8s were steadier at 99 and the Swiss 83 likewise around 102%. The sdvance in J: 4s continued, starting at 61 and carrying them up te a Dew ul::a 6% Recent of accumaolat! governmint bs commenoced to show jt- self, and these bonds were active at an advance of two Mexican ¢8 were also strong at 30. ‘Weakness continued in the tractions, with Interborough Rapid Transit bs declining neazly two points further to 50, They are now down some five points from where they were selling - when the Governor of Naw York came out with his traction message. There was not much change in railway bonds, ‘which were most of them selling prices’ within a point of their Unlon Pacific 45 were very strong, get- ting above 83. St. Paul 4s sold again a2 70, possibly in response to the fa- ‘vorable December statement. The Erie mumu%:‘amnmm issues as the Westing- Steel sinking n:g 5s and Chicago, from Kansas City, | Am “plan to have an enjoyable { [ndigho; ‘There Is no | Loo: FINANCIAL. NEW YORK STOCK EXCHANGE. Received by Private Wire Opes. Adams Express... 34 Allis Chalme: Am Agr Chem. .... 8 Am Linseed pf.... Am Locomotive... Am Safety Rasor.. Am Tel & Teleg. Am Tobaeco. . Am Tobacca (B).. 7% Am Tobacco.pf (n) 33 Am Woolen. % Anaconda. Asso Dry G 1st pf.. §9 Asso O % Atchison. . ! Atchison pt. 9% Atlanta Bir & Atl.. ¢ Atlantic Cst Line.. 84% High. 35 7% jEevgogngynystonuignnganagy -jepeygeadty Balto & Ohio pf.... 81 Barneadall (B).... 27% Beth Motors...... 4 Bklyn Rapid Tra.. 1t% Blklyn Rap Trotfs. 8% - 16% H Chi Great Westn... Chi Great W pf. Chi Mil & St P. ChiMil & St Ppf.. Chi R I & Pacific.. ‘ChiRI& P 6% Dt.. Chi R P 1% Dt.. Chile Cop) Endicett-Johnson Granby Consol.... Great Northern pf. Great Nor Ore..... Gulf States Steel.. Haskell & Barker. y Kelly-Spring Tire. Kelly-Spring 3% pf nns Steel. Laclede Gas. Lahigh Valley. Liggett & Liggett & Myers Loews Inc. giRgeguyyvEg anpREns s otu ey eanaziyhe ngagegsone, Foyynntzsngynasuungynzaysons,gennady #3835 -;'E‘ sigecy - MinnStP&SSM. % MoXan & Tex..... W Mo Xan & Tex pf.. W Mo Pacific pf. . 39 Mon' ry Ward - 16% Natl 8. covecan 2! Natl Biscuite.coee. 107 Natl Conduit...... Natl Enameling Nevada Copper. New Or Tez & M... 68 NYCRI&BLL_. &% N Y Central. . 2% N Y Dock. . 2 N Y Dock pt. . "% NYNH&Hart... 21% Northern Pacific.. 86 Nova Scotia Steel.. 354 Oklahoma Prod... 3% Ontarie Silver..... 6% Brcssor m Pan-Am Pete. 6% Pan-Am Pete ” Pennsylvanis. a% Penp Seabd Steel.. 15 People’s G8S. .caen S84 Phila Company.... 8% Phillips Petroloym 27% Plarco-ArToOW emee . 2% Plerce Oll...cce... 11 Pitts Coal. Pitts & W Va. 2% Pond Creek Coal.. 18% Preased Steel Car. 9 Pullman Co. - 110% Punta Alegre..... % Pure Ofl. . . % Ray Con Copper... 3% Reading. . . W% Reading 1st pf.... Reading 2d pf..... 56% Remington Typr.. 5 Rep Iron & Steel., @14 Rep Motor Truck.. 2% Royal Dyteh. . o St L& 8an Fran ER PR UL LTI U RO LT LU T L TR L D T P P T PO T LI EPPEPC ML ET B ¥z LU AR L DEPRLEEH & X Low. U 3 il 0% 5% i “s “%h 3 Close. P TR i VEFH L | EB'.: $ipxisheseiz o cosunznangogne,ponnateang onogo¥an.agagn ufsozagnssnysatiiygeganzonng soaiagying yesglyggg-gessungynaacypysgznciagyggcggoig.ngrgs sisyzogugenganiiagay HULFRH LU R U 4 e L N FLELE TP AU D R L B P " *® o8 ¥ 855595 g8-Spa¥ugygnregipenegyiipergurannco nigensugazos HLE R i e = -4 & % HITY it 1 538 gL _F L] THE EVE} Direct to The Star Office. s GRAIN AND PROVISIONS. Open. High Lew. Olose. | BALTIMORE, January 28 (Spectal Santa CecilixSug.. 4% 4% . 4% 4% —Potatoes, white, No. 1, per 10091b Savage Arms. 4 14 T 18] 18021.60; cobblers, 1.50a1.60; McCor- Sazon Motors o % ew e |micks 116aL2s; No. 2 50a75, Sweel ceene per ., 3.00a4. ams, . SearsRosbuck.... o1 94 W4 81%IN, 3 0ok, 2.0023.50. Bawns. green, “:l’l";r‘al’:‘,;;m- ::“ ::?s o earl and wix, 2.0045.00. Beets, crate, 2 3 12542.50. Sinclair Ofl....... 3% 2% Z%. 2% | Cabbage, per ton, 10.00a15,00. Cauli- SoPertoRicoSug.. 99 ' W 9 [flower, crate, 2.25a2.50. Celery, crate, Southern Paclfic.. 98% 98% 8% 98%(3.002850. Cucumbers, box, 7.00a3.00. Southern Paorgts. 21% 2% 21% 22%|Egsplants, crate, 5.00a7.00. Kale, bbl., Southern Rallway. 23 2 ‘BN DX [J0a150. Iettuce, ® crate, 2.00a300. Southe ; 58k 68w | Onlons, per ., 1.0081.50. - sxua&:fi?p't 13:“ 1::‘\: 108% 108% | Dlants, bunch, 7a8; Parsnips, bu., 1.25. BteRartWarres ) o s 84t | Pevpers, crate, 5.00a600. Radishes. Stewart-Warner.: U%, % 6% | per bunch. & Savoy cabbage, bu. 754 ude BT 50K D0 | 1:00. Spinach, bu., 1,00. Squash, crate, Submarine Boat, 9 " 9 2.5024.00. Superior Ofl.. 1B% B% 12% Tomatoes. crate, 2.00a6.50. Temtor Corn (A). 2 1.50. Apples, bbl, ‘Tenn Copper. 9 8% 5025.50: box apples, 2 Texas Company... 43% &% 43% . per 1gu 1bs. '!"2?;“].51‘ Texas & Pacific... 19% 20% 9% ranges, box, 3.6024.00. i 00. “Tangerines, strap. 5.00a7.00 TosAPC&OL. md % S | Cranberries, bL. 14.00a15.00. Straw- Tobacco Drod. .. .. 6 4 bs% Bi% | berries. at. 65a70. TransContl Oil.... 10 10% 10 10% Selling Prices st Noon. Union Bag & Paper 74 76 T -7 Wheat-—No. 1 red winter, Unton O3, | No. 2 red winter, spot, 1.89 winter, garlicky, spot, 180% per | bushel! January, 1.80%; February, 1.803%; March, Wheat sales—None. Corn—Cob, new, vellow, 4.00 per bbl. in car lots; contract corn. spot, o per bushel; January corn, Febru ary corn, 7614; track corn, yellow, No. 2 or better, 82 per bushel; nominal. United Ry Inv pf.. 21% United Retail Strs. 6% “% Corn sales—None. NEW YORK, January 28.—The cot- US Food Prod.... 26% s—No. 2 white, 50 per bushel;[ton market was lower during today's U S Indus Alcohol. €% 49 per bushel. carly trading. The relatively weak USRubber....... 6% Bag lots of nearby rye, as to[ruling of Liverpool was doubtless a U S Rubber 1st pf. 103 . 1.60 per bushel; No. 2 west- |disappointment to Some of yester- U 8 Steel. . per bushel. day’s buyers who had been influenced U S Steel pf. A {hy _nominal: |by the reports of a better business in Utah Copper. standara 0: No. 2|Manchester. The easier opening of Ll tiis e ox s % |umoth .3 (imothy. | foreign exchange wus al$o a -factor. Vanad T e ® Tk | i it clover mixed, | while ports of a less - aclive JanzaumiCorp: o= B0 . 2 light clover, mixed. |domestic goods demand probably uc-! Va-CarChem..... 87 87 37 0. 1 clover, mixed, 24.00 |counted for some of the early pres- | Vivadou M R T .2 clover, mixed, 2 sure. Initial offerings were fairly! Wabas 8 8% 8% No. 1 clover, 26.00 well -absorbed. 1 Wabash . 0% 0% 20% 3 sampile Futures opened barely _steady.| Wells-Fargo E: 6% 6% 62% March, 14.60; May, 14.50; July, 13 WesternMd 2d.... 7 1T% 1 E mneE. Western Union. ... 86% £6% 86% > CANS. Juntary Western Paeific... 26 2 25 ports of a quieter denfund for cotton Western Pacpf... 69 69 69 ‘|goods in the wholesale markets of | ‘Westhse Air Brk.. 4% 9% 9% 2lthe counfry afid the poor showing Westhouse E& M. 45 45 45 made by Liverpool stimulated 2 con- White Motor 5 39% 88% 89 CHICAGO, January 28.—Wheat prices | Siderable vox':xm30l?;ns;;;'lffi";‘odw_, White Oil... 15% 15% 18% [turned today largely on opposing inter- |OPening ;f(' O R R Wickwire Spencer. 17 17 17 11 |pretations of the government report as|In, the frst Walishotf o0 Gy Ittl Wilson Company.. 48 4 42 & Ttslfipp:msbon !1.;|nd ;|n the l‘rnil;d States. lr'd.“':)’" ‘:»fl Tainhs 2 At first, bearish phases of the report 194 3;‘;,"3;’;"‘“‘“ o u:: u: ":;': were given the most attention, but later | Futures "F;‘;'Pg ‘“‘1‘“” Ofi:;fi‘; IMAPER - clonsas the bullish aspegts obtained the greater |14.07; May, 14.20; July, g Warthington Pmp. 0% 814 80K 61% |share of notice. The bulls contended |14.70; December, 14.60. . High Low. Last. | that very scanty supplies were indicated | LIV P}r'n(lfl(:‘o"' fl;"::“"‘i'r’"é",‘i_—c"r tons Call Money. . 7 7 1 for the remainder of the season. Open- | Spot _dul 2 _Q, tolly miadling. oo ing quotations, which varied from un- |middling, et 7iae HOURLY SALES OF STOCKS. changed figures fo 1% lower, with middling. 9.04; low middling, 785 March 1.63 10 LG4 and May 15215 to|€o0d ordinary, €.39; ordinary, 5.6 L5t ere followed by u sharp general | 81% 10% poCaipta, 5,000 bales, in> dvance 2 5 ac- can. EX : advance and then something of a reac- | American. e Rmerican " Futures Corn advanced with wheat. After (closed easy. January, S.:5: g Ciose | opening unchanged to % higher, May |9-32; May, 9.50; July, 9.66; October, 67 to 67%, the market sagged a little, | 9:73; December, 9.68. but then hardened all around. Oats were governed by the action of RAW SUGAR DOWN 3 7-8. Liberty 2d 4s (11-15-42). other cereals, starting % off to a like Liberty 1st 4%s (6-15-47)...8782 8760 |advance, May 42% (o 42%, and later Liberty 2d 4148 (11-15-42).. 813 8694 | scoring moderate gains. ¢ Liberty 3d 435 (9-15-28). . 9030 90 0 |, Provistons reflocted firmness in the l:‘:e‘:tryydgl;:'%(:sgg:;;u)--;g ggg The wheat market later eased off o a5 2090y 3 W% |more or lesa owing to belef that u MARKET IS QUIET, WITH FEW CHANGES Interest Centers Largely in Interallied Conference. Some Features. the government report failed to take aocount of farm stocks held for feed and seed. The close was unsettled, 1%0 net lower to 3%c advance, with i March 1.65% to 1.65% and May 1.53% to 1.53%. Open. 1.63 863 68y sy % -43% 423 e NEW YORK, January 28,~Pr04.iuce articles unchanged. DAIRY MARKETS. BALTIMORE, January 28 (Special). —Arrivals by boat—Peultry. young chickens, live, 1b, 25a34; dressed, 34a 35; old, igflfl?d: dfedllsezdi 32a33; old v i sters. 20 dressed, 21a22.:Pucks, TR AT W 30a38; dressed, 35a40. Geese, 25a30; NEW YORK, January 28 (Special) 250; dress: eons, per pair, 40a45. —In all the markets today the diapo- e et i 0nas, sition was to await the outcome .of the interallied conference at Paris. ‘The cable advices made it appear as if important mews would break by the 40a50. Eggs, loss off. strictly fresh nearby, doz., 58a59; southern, 56a57. close’ of the day and that it would | Butter, creamery, fancy, lix, 52a63; then be decided whether the Frepch |Prints, 52a54; mnearby, 49a50; dairy reprasentatives would take the chance | Prints. 22a24; rolls, 20a24; ladles, 30 of a defeat in the chamber of deputies end come around to the moderate English view with regard to the treatinent of the German indemnity question or whether by refusing to re- cede they would cause the gathering to end without results. It was clear that in financial circles the feeling was somewhat less confi- dent about the result than it had been on previous days. This showed espe- cially in the course of the exchanges. A sharp reaction occurred in sterling and francs dropped again below the seven-cent level, while German marks were also weaker. Canadian exchange, moving as usual with sterling, had an equally sharp reversal, the premium on New York funds rising from around 10 to 11% per cent. a32; process butter, 35a37; atore pack- ed, 19a20. = NEW YORK. January 25 —Butter— Weaker: receipts, 7,938 tubs; creamery, higher than extras, 0%; creamery, éxtras (92 score), 49%: creamery, firsts (88 to 91 score), 43a48%; pack- ing stocks, current make, No. 2, 23. Eggs—Weak; receipts, 17,140 eases: fresh gathered, extra firsts, 62; fresh gathered, firsts, 59a61; state, Pennsyl- vania and nearby western hennery, whites, firsts to extras. 62a66; do., browns, extras, 64; do. gathered browns and mixed colors, firsts to ex- tras, 60a63; refrigerator, fair,to. good, 54a57. ! Cheese—Irregular; ' receipts, 276 boxes; state, whole milk, flats, held, speclals, 26a29; do., average run, 24a25%; state, whole milk, flats, fresh, The recovery im cotton, which had 2 tate, ) , fresh, depended quite largely upon the im-|S$Pecials, 24a25%; do. average run, provement in _the exc e ms | 22%a24] checl , as change rates re- acted, cotton options followead suit. CHICAGO LIVE STOCK MARKET. A Waiting Market. CHICAGO, January 28 — United On the stock exchange it was more then ever 8 waiting market. Prices started in higher as a rule and various #pecialtiss were bid up again with the course of the day. But, on the other hand, there was quite a bit of profit taking by traders who felt that if the Paris conference was broken off be- cause the English and French pre- miers could not agree, there was apt to be something of a recession. The first great railway investment oftering of the year went off as ex- pected. The demand for the $60,000,- 000 Pennsylvania 6%s bonds, the sub- seription books for which opened this morning, was 8o keen that the bonds soon commanded a premium of 1 per cent—an unusual premium to be established on the first day of the new Receipts, 5,000 head; low-grade cow stuff steady; all other classes steady to lower than yesterday’s general trade; bulk beef steers 7.50a8.50; few choice loads held 9.25 and above: few fat cows above 6.00; demand centering on canners, cutters and low grade butch- er cows, some 3.25a5.25; bulk bu 5.25a26.00; calves stea with yeste: day’s close; vealers, 11.50a12.75; stock- ers and feeders, mostly 6.00a7.50. Hogs—Receipts, 31,000 head; 25 higher than yesterday’s average; spots up more on lights; top 10.25 bulk 200 pounds and down, 9.85a10.10; bulk 220 pounds and up, 9.40a9.65; pigs, 15 to 25 higher; desirable grade, mostly 9.60a9.7! Sheep—Receipts, 17,000 head; very slow, mostly 25 to 50 lower on killing quotation. i%&(l‘!;e!; lamb top, 10.50; bulk, 8.50a- .00; one deck choice, 115 pound Bethishem Sfcel. ewes’ 5.50; ewe top early, 5.00: some The annual report of the Bethlehem Steel Company proved to have been pret- ty well discounted so far as the immed ate market was concerned. It had little effect upon the Bethlehem stocks one way or the other. The strong point about the figures was that earnings ran po well up to those of the pre- vious year, and would have been oqual to the latter had it not been for a depreciation charge. The less {:vorahle side of the re- was the comparison between T $231,000,000 orders on hand ev. tr Hechancs MING3 B4 close of 1919 and the $145,000,000 total | Nashawena Mills, 4, $2. for the same item at the close of [ Nonquitt Spinning Co, @, $2..Jan. 1920. But this falling off was an ex- | Norfolk & B, perience common to all steel concerns, | , 9. $1- The advantage which Bethlehem Steel has over mmi of the other independents is its diversity of products, and this was brought out impressively by the state- ment accompanying the report, that while commercial steel output is run- ning only about 25 per cent of capac- ity, the three large shipyards of the held higher; bulk fat ewes,4.00a5.00; no feeder sales early, talking steady. DIVIDENDS DECLARED. THE WEATHER. District of Columbia—Fair tonight 8 nd tomorrow; not much change in dompany have sufficient business on|temperature; lowest temperature to- 'fl hand to keep them fully occupled for & year ahesd. American Linseed. There was no fresh reason for the advance in Unseed stocks today. The Atatement has been made tll}x time again that the deal wilh the Inight about 24 degrees; gentle varia- 1bie winds. Records for Twenty-Four Hours. Thermometer—4 p.m.,"40; 8 p.m,, 3: 12 midnight, 27; 4 am., 23; 8 am,, 26; hoon, 41 Barometer—4 p.m., 30.29; 8 p. Jover tely gone|30.32; 12 midnight, 30.27; 4 am., 30.2 through, and is evidently only await-{8 am., 30.29; noon, 30.28. ing a re propitious time for an-| . Highest ture, 41, occurred tempera at nioh today ; lowest temperature, 23, ec- curred at % Highest temperature, ¢4, accurred at 4 p.m. yesterday; lowest temperature, 47.9, occurred at 2:30 a.m. today. Temperature same date last year— Highest, 44; lowest, 27. Tide Tables. (Furnished by United States coast and geodetic survey.) —Low tide, 5:52 a.m. and 6:21 p.m.; high tide, 11:48 am. Tomorrow—Low tide, 6:43 am. and 7:15_p.m.; high tide, 12:08 am. and 12:41 p.m. preferred, carrying a 7 per cent divi- n @8 to the dend. The question is ti 7 per cent rrope'r selling price of ndustrial, whica 18 outranked by a first preferred likewise paying 7 'rer cent. The idea seems to Le that re- cent prices for Linseed common have been too low in view of the terms of the conversion. There was quite a Jump in American Linseed prferred, which will be put in a stronger in- .m. 'ru:orrnw—sun rises, 7:18 a.m.; sup sets, 5:25 p.m, Moon rises, 11:12 pam.; sets, 9:58 . P ‘Automebite famps to lul? hour after Aunaet.’e HEhted one- 3 14.0085.00. States Bureau of Markets.—Cattle—| | | NG STAR, FRIDAY, JANUARY 28, 192 Grain, Produce and Live Stock JLOCAL WHOLESALE MARKET Eggs—Strictly fresh, per doz., average receipts, 84; southern, 63. Live poultry—Roosters, par. ib., 20; turkeys, per 1b., 50a53; chickens, spring, per Ib., 36a38; hens, per Ib.. 31683; keats, young. each, 30250, Dressed poultry—Fresh Killed spring chickens, p':i- u{’. 38a40; hens, per Ib. 35; roosters, per Ib., 23; turkeys. per 1b.. 55a60. . Pork—Dressed, small, per 'Ib., 14a15; medium, 14a15; heavy, 10a13. Live stock—Calves, per Ib., 15; lambs, 10a12; sheep, 3a6; hogs, 10%. Green fruits—Appies. per bbl. 3.0} 7.60; per basket, 75a2.50. _California lemons, per box, 3.00a4.00. Pineapples, | per crate, 6.0028.00. Caufornia oranges, per crate, 4.00a5.00. Florida oranges, per crate, 4.5025.00. Grapefruit, per crate. 65 l Vegetables—Potatoes, nearby. 50a2. No. . No. 1, 4.00a5:00; ; yams, per bbl., 3. tuce, Florida, per crate, 2.0 . per doz., 1.00a1.50; California celery, 0. 7.00: Florida celery, 3.0023.50. Ro- maine lettuce, 1.25a2. bbl., 2.00: Cymbli Flori £ 0a: 5.00a5.50. Peppers, per basket, 3.00a4.50. Tomatoes, per box. 6.00a8.00.. Onions, per sack, 1.75. Brussels sprouts, per quart, Cranberries, 18.00 per bbl." COTTON MARKETS. NEW YORK, January 28.—The raw sSugar market was still unsettled this ut prices were unchanged Tning, % Sior Cubas, cost and freight. ‘equal to” 4.39 for centrifugal. There Te sales of 22,000 bags of Cubas in ;frl and aflo: at 3%, cost and freight. The mafket for refined was quiet, and prices were unchanged at 7.50. for fine . granulated. ——— BAR SELVER QUOTATIONS. NEW YORK; Japuary 28 —Bar s ver—Domestic, 9915 foreign, 64 Mexican dollars, 49%. LONDON, January 3% pemee per ounce, Money, per cent. Discount. Fates, short bills, 6%as% per cent; 3-month bills, 6%e611-16 per_cenft. No Investment —has ever established a recdrd for safety that can compare with that of First Mortgage Notes We loah on good improved Washington real estate, and have on hand notes of $250.00 up to $5,000.00, bearing 7% interest.. CHAS. D. SAGER 923 Fifteenth St. N.W. Lean Department Main 36. 28.—Bar silver. b Ahead” is 'Getting a to all who want to save more and invest with :nau'roflt. Ittellshow Perkins to become finas- fos baB e menhlY Soai shows how you u-lom same. It is'a fat S i Or more that is not earn- ing you 7% interest, here is a good opportunity to invest it. We have orhand First Mortgage Neotes in denominations of $250 and $500 secured- on improved D. C. real estate. ‘These * notes, combining maximum revenue and mox- imum safety, appeal to the conservative investors. . Ask for Booklet “L" It will interest you. Wm. 8. Phillips Real Estate Investments 1409 N. vY. Ave. | i ] in;:ome Taxes ‘We maintain a well equipped tax department, with a staff speeially trained in the rulings, regulations and application of the law, and can be of material benefit to you in preparing 1820 returns. ADMINISTRATIVE SYSTEM of Accounting A simple, accurate method of keeping your booksa. Further information on request. ‘EDMONDS & BOUTON Accountants—Auditers 813 Woodward Bldg., s Now York PN Gngeten | et FINANCIAL. OPEN MARKET IN SUGAR IS FORECAST BY BROKERS NEW YORK, January 28.—Return of the open competitive: market in sugar is forecasted by sugar brokers here as a result of a new selling policy for refined sugar, announced in a statement by Arbuckle Brothers. one of the city's largest wholesalers. The statement follows Ve are staunch believers in a one-price sell- ing system, but owing to chaotic con- ditiony in the sale and distribution of refined sugar, we will. from day to day. sell our daily production at Such prices and upon such terms as con- ditions. in our opinion. may:warrant drastic action in order to hold our regular trade. Such action as we may take from time to time in specific CITIZENS 3 SAVINGS BANK' f Commercial NS Accounts Safe Deposit Meuthly State- ment Serviee 1336 N. Y. Ave. EQUITABLE CO-OPERATIVE BUILDING ASSOCIATION Orgnnized 1879 41st YEAR COMPLETED Amsets . .$4,272.066.87 Surplus -$1,065,322.89 Save If You Would " Succeed s who hsve adopted this waving pian of the Equitable most substantial sums. Subscriptions for the 80th Issue of Steck Being Reeceived Shares, $2.50:per Month 4 Per Cent Interest EQUITABLE BUILDING, 915 F St. N.W. JOHN JOY EDSON. President FRANK P. REESIDE, Seey. LIBERTY BONDS BOUGHT AND SOLD FOR CAS] o Bond Exchange 14th St. N.W. That those who dsnce may pay the piper was the somewhat ery, tie New Year's wish of & well kaown public man. Paying the piper has been no smali ftem in the last several months with those who foilewed the tempting course of speculative investment. Readjustment took beavy toll on specuiations. No period ever demomstrated more effectively the firm and es- furing characteristics of stabilised investments, such as i Mortgage Notes on improved Wash- i, “ington” yeal 5 recent period of curtailed valoations brought se di a ta the valnes Bof rrespective of conditions, their SWARTZELL, RHEEM & HENSEY €O. 1217 Fifteenth Street N.W. ‘Washington, D. C. THE NATION’S HOME TOWN. EGULAR, of mon Study the follc:winegl up into comparativi Ne. of % » {3 PAYING THE PIPER li 6% Bonds__1, cases will in no way whatever affect mand. 33 Brazillan, demand, 1575 our regular list prices. Montreal, 10'; per cent discount his was taken by brokers to mean | Government bomds, easy. Railroad that dealers who heretofore adhered § bonds, firm. Time loaus, firm. Slyv, 0 the general selling price are be- ninety days and six months ginning to “unload” independently. 13 per cent. :: ’ each week or eac Savings..... 142321 4 1,60; mercantile heavy: sterling sixty-day bills, 3.81%; | commercial ‘sixty-day billx on banks, 13.81%: commercial sixty-day _bills, demand, 3.85%: 3.86%. | | Belgia = reece, demand, —_—— MONEY NEW ND EXCHANGE. YORK, January paper, 73%a8: 28.—Prime | exchange, Secared o Money to Loan- First Deed of Trust oo Real Betata, fitag isterest and_commission. Joseph L. Wellerdd, O o demand. 6. n francs, demand, Guilders, demand, bank. Interest on Savings Accounts 3% Archibald M. McLachien, Pres. Firman R. Hormer, V. Pres. A. Maas! mier P. McLachlen, Se. Right In the Heart of the Shopping District highest ideal of one’s ambition. down and talk it over-with us. Fortunes are built in twe ways—by speculation and by investments. The first depends upen a lucky turn of the market. The second depends upon the soundness of the security. Our First Mortgage Notes are a good foundation for your fortune. They are secured by some of the finest improved residential property in Washington, which is constantly increasing in value. These notes pay 7% interest semi- annually. You can invest in any amounts from $250 upward. In- quiries cordially invited. ALLAN E. WALKER & CO,, INC. Rea] Estate and Insurgnce Brokers 813 15th Street N.W. 4,268.28 ‘Baoklet No. 508-G WASHINGTON Telephone Main 5847 fi. York glevelawd r:}lhblp:lz: ot Butate Pittaburg - itaburgh. Copyright, 192!.13‘;21‘03: & Co, Wllllout loss to ‘W qutor M. LE ROY Bm. T Safe Deposit Boxes, $2.50 Up. Under U. S. Government Supervision McLachlen Banking Corporation 10th and G Str 711646 14,262.37 1.86 480558 8,009.30 16,018,60 ,628.37 ,022.94 5,873.19 9,839.1219,717.06 49,309.87 -This table is reprinted from our new booklet, “Common Sense in Invest- ing Money”—a publication of the greatest value to every one who is sav- ing money. It will be sent by return mail, witheut cost or obligation, on receipt of your letter or postal card. Write today and specify CRERE on Isthe est Increase vour stock of. money by persistent and regular saving in this.old-established ) : SW. STRAUS & CO NATIONAL METROPOLITAN BANK BUILDING lerest = Your Savings Compounded Twice a Year To become successful one must be thrifty. means effort and oftentimes saerifice, but :success is the Systematic Saving through this Associatien will in- still in you that spirit of thrift which will start you on the ¥ road to success. One dellar will start your account. Come Columbia Building Association 620 F Street N.W. er Government Smpervisien How to Build Up a Fortune by Systematic Investment ematic saving and sound investment are the roots of - most large fortunes. By laying aside a comparatively small amount it month, every man may a comfortable fortune. For example, $10 a week, saved regularly and invested safely at 6%, will amount to $20,000 in a little over 20 years. table, which vividly shows how small sums mount ly large ones in this way: up - $Slawsek $3aweek $5awesk $10awesk $25aweek 3% Savings... $5284 $15854 §26424 $52848 § 131894 14{4% S."!m._. ;s 53.05 y 159.13 265.23 530.45 1,325.28 6% Bonds . 52.84 15854 26574 53148 1,327.94 3% Savings.... 10728 32187 53647 1,07293 2,677.74 2 ; 4% “ .. 10824 324.29 54117 1082.33 2,704.10 6% Bonds___. 107.28 32640 54644 1,09564 2,736.81 3% Savings.... 163.37 490.14 81692 163384 4,077.62 3 i 4% “ .. 16565 496.94 827.26 1,656.51 4,138.62 6% Bonds_. 16640 50538 842.81 1,691.96 .57 3% Savings.... 28068 84208 140351 282583 700558 5 { 4% “ " . 28753 86250 143250 287539 718386 6% Bonds. 293.07 89347 1,493.69 2,998.74 7,498.36 3% Savings.. 47028 141090 235158 472394 11,73771 8 { 4% Sav} 48045 146827 243517 4,894.66 1 6% Bonds___ 51539 1,570.94 2,626.91 5,271.05 13,182.44 % Savings.... 60643 181895 03234 608655 15135.71 10 { 27- . “ .. 63804 191400 3:1902 6,380.47 15940.95 6%Bonds___ 686.49 2,093.37 3,505.30 7,025.91 17,872.96 3% Savings... 98447 295305 492265 987067 2457115 15 { 4% ¢ ... 107575 3,227125 537875 10,757.50 _ 26,615.80 6%Bonds_....1,212.84 3,706.58 6,208.20 12,440.13 31,112.45 3;.521.38 5,000 Life Policy, $57.35 Age 40. Send date of Birth for iiwstpetios acd particular. at:your age. GOFF, Inmurance Woodward Railding, M. v Asset R WRIRIE) ) (1] ARER AR R ol el Suecess Ji