Evening Star Newspaper, March 11, 1921, Page 27

NATION'S FINANC, " PLAINLY STATED Secretary Mellon Discusses { Present Conditions and FINANCIAL. Open. Adv Rumley. Adv Rumley pf Ajax Rubber...... 2% Alaska Gold 1% Alaska Juno. 1% Allied Chemical... 41% Allled Chemical pf Allis Chalmer: Am Agr Chem. Am Beet Sugar Dh Outlook. v P s = = Am Car & Fdy.....12% ’ X ¥ S NEEMING: Am Cotton Oil..... 19% Secretary Mellon of the Treasury, | Am Druggis . % has directed to the president of Hide & Lea.... 8% hevery bank and trust company a ::?Q?E&Ml”' “:’: vircular letter, setting forth at{yfl ceotic e LG ¢ length the condition of the Treasury | Am International. 42 as he found it and the outlook for|Am La France..... 8% e future. Am Linseed pf.... 8% From the 5 : Am Locomotive... 8 £ the document we quoto as|Am Locomotive... B : .| Am Safety Razor... 6 “On the basis of the Treasury daily | Am Ship & Com 8% statements, the current operations|Am Smelting...... 36% of the government for the first eight [Am Steel Fdy..... 2% months of the current fiscal year,|Am Sugar.. - 90% through to February 28, 1921, show | Am Sugar pf. 100% exvess of ordinary receipts over | Am Sumatra. 82% rdinary expenditures amount Am Tel & Teleg. .. 102 + $186.115.505.03. This showing Am Tobacco. . 115% ticularly encouraging in view of the | Am Tobacco (B).. 113 Tact have been extraordi- | Am Tobacco pf (n) 90 nary but only two quar- | am Woolen... .. payments of income and excess 2% Am Writing Pr pf. 30 rofits taxes. Ordinary receipts for i he eight monthe were $3.438.41 Amdna Tt .10 1 and_disbursements were $§3.- | 4T 28 LAPE. .- 30 8 at ate Vi il- 4 . Tions a ven the rate of five bil- [ 1y cona: Ly expenditures were $750.000,- | Assets Realzn. 2% 000: navy. $430,000.000, and about | Atchison.. % $530.000.000 in payment of interest on | Atchison pf. %% public debt, and a total of $475,000.- { Atlantic Cst Line.. 81 000 payments to the railroads under | Atlantic Gulf. transportation act. or a total of | Baldwin Loco 000 under these four main|Balto & Ohlo. In the four months that |Balto & Ohio pf. remain there will be two more quar- terly payments of profits taxes, both ba mess of the calendar year 1920. these ym, the prosp income sed on the busi- i Beth Motors. . Beth Steel (B). Booth Fisheries. Bklyn Rapid Tro and exce “While it is impossible to estimate | Rklyn Rap Trctfs. % nts with accuracy,. and | Brown Shoe pf. 2% s are that the expen®- | Brunswick Term.. 4 tures will continue hea expects onths of 1921 as well as the com- vear's operation will some surplus of - ury leted penditures. Debt of Nation. that the . the Treas- receipts over 4% 10% 12% B9% 3% 71 m% Butte Copper. ... three | Butte & Superior. CaddoOfl.... show | California Pckg . €X- | California Petrol California Pet pf. Canadian Paclfic. first “The gross debt of the nation Feb- |Central Leather... 7 ruary 2§, 1921, amounted to $25.051,- | Cerro de Pasco. ... s%3% #84.728.28, while on the same date the | Chandler Motor. 0% floating debt unmatured was $2,300.- | Ches & Ohl0....... 51% §35:000. These figures contrast with 3 | cpj & Bastn T pf. 3% g&ross debt on December 31, 1920, of b $23,952.224.165. The progress fo be | Chi Great Westn.. 7% vear throug ross and floating debt will depend, on the extent of the de- mands upon ¢ course., k: .and the ‘Treasury financ cu made during balance show are sound, but the situation calls for the utmost economy. h the retirem the Treasury and the 'volume of its receipts from taxes and salvage. This progress is like hindered by heavy railroad payments 10 be expected the next few months. “These figures as to the public debt operations of the rrent that of the current Chi Great W pf.... 16% Chi Mil1 & St P Chi Mil & St P pf.. Chi & Northwn. . Chi Pneu Tool Chi R I & Pacific.. ChiRI&P6%pf.. 59% Chi RI& P 7% pf. Chile Copper. Chino Copper. . Coca-Col: i Colo Fuel Colo & Southern. ent” of the to be the country's “A thoroughgoing pational budget { Colo & Southern 2d 44 System must be established and the|Col Gas...... 67 government's expenses brought into|Col Graphophone 8 relation with its income. Cons Cigar &% Cons Gas of N 9% This is the title of an address to be | Cons Intl Cal Min.. % delivered this evening at the Univer- | Cons Textile 19% ®ity Club by John Jacob A. Arnold.|Cont Candy. I's one of the leading financiers of the | Cont Insurance... 61% y nation and a former vice president of { Gorn Products. ... 69 the First National Bank of Chicago. |corn Products pf.. 102 Personal Mention. Cosden & Co...... 2% Peter A. Drury, president of the|Crucible Steel..... % Merchants’ Bank, was at his desk this { Crucible Steel pf.. 88 morning after an absence of several [ Guban-Am Sugar.. 21 days, due to Local Securities. Local M[‘c:ritlfls were again quite | Del & Hudson wit] in Capital Tracti active showing “The unexpec in the dividend was none the come to_the The effect on the stock was an ad-| Elk Horn Coal Yance of 1-2 to 3-4 of a point, or to|Endicott-Johnson. 85 1-4. and, at the close, 851-2, illness. considerabl ted increase o shareholders, Davidson Chem e interest| Del Lack & Wstn on shares. | Denv & Rio Gr. f $1 a year | peny & Rio G pf. less wel- | pome Mine: 7% 8% Rail- | Endicott-John pf way 4s were slightly easier, seiling at | Erie eee 1K 58 3-4 to 58 1-2." Anacostia and Poto-|Erie 1st pf. 8% ac River 58 brought 67 at the opening, | Erie 2d pf. 12% dllowed by an immediate drop to 66. | Famous Players... 6 m‘f ‘ashington Gas 7 1-2 per cent netes, Famous players pf 81% s Gontinental Trust shares, 107 to e §2e 3 Fisher Body...... 8% Wall Street Notes. Freeport Texas... 16 The stock market was spotty this| Gaston William 2 morning—th or $286, The icto: clared $1 stock and §1 on the common stock. ago §15 a share was paid on the com- mon. president ere were su; r 0 a share for handler Motors paid the regular|Granby Consol. $250 a share quarterly dividend. The|Gray & Davis. declares that business much better. Worthington Pump earned $7 Share on the common stock in s compared 1819, “Daniel Willard of the Baltimore and Ohio and H. B. Thayer of the Ameri- can Telephone and Telegraph Com- | 4 with $1 ] some llilr:xo :midh considerable wea Yesterday there were none. American Steel Foundries for the|Gen Asphaltpf. Yyear 1920 showed a charge and federal taxes of $4,496,000,] Sen Electric 00 in excess of 1919. Talking Machine de-|Gen Motors pf 5 a share on the preferred | Gen Mot 6% deb Three menths Strong Gen Am Tank Car. kness—| Gen Asphalt rplus after | Gen Cigar.. Gen Motors. the quarter| Gen Mot 7% deb. Goodrich. . . Goodrich pf. - is| Great Northern pf. 0% Great Nor Ore 0% 5 a|Greene-Cananea.. 19 1921 earned Gulf Mo & Nor.... in {Gulf Mo & N pf. Gulf States Steel. Haskell & Barker. Houston Oil. Puny are both moderately optimistic. = Hupp Motors. 12% Chicago and Eastern mpmro".:ufiaalml"“"ce""‘ % made a final settiement with the | Indiahoma........ 6% Treasury and has received $2.000,000. | Indian Refining 8% About 70.000 employes of the Penn- | Inspiration....... 31 #ylvania system have been dropped. | Interboro Metro. 4% Special session of Congress starts | [nterboro Met pf.. 13% Aprid Intl Agri Chiem pf. 44 A Healthy Yearl The first unniversary of the Lib- {Intl Mer Marine a onal 1917, Int] Harvester. eriy National Bank as a national in- | Intl Mer Marine pf. 48% stitution. having been converted into | Intl Motor Truck.. 30% 2 bank from the Liberty | [nt) Nickel 13% Bank, which was organized | [n] yaper. . . B3 was celebrated to- | {10 paper (8ta)... 78 bank moved into its new ith and I streets, one ye: Invincible Ofl. and ‘this locality has shown | 1ron Products remarkable growth since the n-—willlnnduu- building was completed. The bank |Jewel Tea. has gained in deposits during the | Kansas City Sou.. 21% ,“ ar £600,000. The officers of the in- ‘Kan!dCSI)u pI... 41% itution are: Georg Walson, | Kelly-S Tire. 23 @resident: Dr. William Keliy Spring 8% o1 85 Vice president: Grant rayior, Kelrey Wheel presid ward J. McQuad e fer. ‘and M. | Keyatone Tire cashicr. Gackswon a0 BRITISH RATE DROPS. Reduction Imparts a Better Feeling to Stock Exchange. 11.—The Bank LONDON, March Laclede Gas. Lee Tire & Rubber. 21% Lehigh Valley 9% Lorrillard. Martin-Parry. Mackay Cos. . of * England ounced today that th 2 : te e e | Mackay Cos pf. 56 :.“""r'w‘[" LSt on treasury billy had | yaphattan Elev... 80% e R eau cent, and |y ywell 1st pf 7% P nae 1Vertaonth | sy Dept Stores. - z: . y d at 6 per pete..... 1 gont, The reduction from 61& per cent :T:fic"::nn 164 ‘AM" e nding easin in dis- M)dflles‘lle'ou' 12% ounts and imparted a distincdly bet- | M1G16 5o (O} 29% tecling to the stock exchan .|§‘m‘r'|‘&s“_(;,)“ b ok improved in the hane | Minn StP & SSM. 6% e hope that the monetary situation allow “"x‘“:;::",‘ i inx the reduction in the interest rate Mo Kan e wsary bills may be followed by [ Mo Pacifle.;..<-- 8 ponding reduction in the bank :Z;Zfi'flify'wir'-i e in the near future ; d fofldrlam April Mullins Body..... ::: bill rate was adva Natl Acme. . Sl Dan o Natl Biscuit pf. ... 108% )wing day. The latrer | Natl Conduit. 2% b, educed vat) Enameling. .. 56 : e reduced until 1 Lead n ow and 2 fniprobae | Natl Rysof M2d.. 6 made until the | Nevada Copper..... 9% it quarter and untii | N Y Air Brake, S the American money rate has been ngsefil;.:i-n :z: § nt & West... 16% ——— 6 N Y Shipbuilding... 31 VAR SILVER QUOTATIONS. orfolk Southern. 10% LONDON," Murch 11— ilver. | Norfolk & Wstrn d per’ ounc Money., per I Norfolk & Wst pf.. 65 U discount rate iort bills, 7 per | North America. ... 60% , €ent; thrxe-month 5. 6% per cent. | Northern Pucific.. 76% st Nova Scotia Steel.. $2% \ LIBERTY BOND NOON PRICES. | Oklahoma Prod % NE'A YORK, March 11.—Jri of | Ontario Silver...,. 4% ¥ bonds at noon were: 3%s, | Otis Eievator. 123 $6.50: second 4s, 86.40 | Otis Steel......... 13 xecond 4345, 86.52; third | Pac Development.. 11% fourth 43 14 ; IS, 9736, v ictory 138, 97.36, 56, victory | Pac Gas & Elcc.... 6% N . High. Low. 6% 16% 9% 9% 8% 28 1M 1% " 1% % 40% 89% 89% 35 M © a% o% 0% 3% 62% 2% % 85 85 122% 121 1% 1% 6% 6% gk 8% ©%h 2% 4% 48% 6% 6% Q% 0% 8% 8% % 8 B3 2% % 71 6% 6 8% 7 8675 36% 2015 29% ‘905 89% 100% 100% 2% 1% 102 100% 5% 113% us % 9 0 % 6% 31 3 8% 8% 26 26 n u "y % 2 24 16% 16% 24 28 126% 6% 64 64 60% 59 4% 2% 59l 67% 70 6% « 9 9% 20% 19% 0% 20% 6% 26% 2 31 4% 4 5% 67 8% 8 8% 41% 9% 79 % & 19% 18% % 1 61%: 6% 0 69 02 12 2% 2% 50 8% 88 88 7 2% 8 5 8% B4 2% 1M% 8% 17 2% 12% ] 62% 81% 81% 2% % 13% 8% % 2 0% 18% 1% 13% 0% €9% 0% ' 13 18% 2% % 5% 8% 20 4 4% 3% 13 “ e% w% 9% 1% 12% 49 4% 0% 08 M 18% b3 E1% .8 T 8% 164 B 3 % % 8% 8 2% 2% 4% 46l 38 6% C I 6% 4 16% 16 19 13% 51% E0l © 4 % 21 9% 49k 1% 6% 6% 5 66 0% 6o % 7% 7% 7 B8% 143 165 16% 12% 113 2% 265 0 9y 6% 66 e 2 4% 4y 16% 16 % 8y 164 6% % 2% 21% 21 108% 108 2% 214 56 b5l nom [ % 9l 8 T 6 6 16% 16" 16% 16 3t 2 10% 104 6% 9% 6 & 6% 60 ™H % 2% 8% W% % 4% 123 128 1% 13 % 1% 4S% 6% 1:45. 16% 9% 23 1% 1% 0% 894 35 48% 0% 5314 25 85 121 19% 6% % o% 48% 1% 0% 8% 8 2% 7 6% 7 36% 2% 89% 100% 79% 102 13% m% 4% 5% 8% 41% (3 18% 1% 61% 697 1% 2% 98% 410 1% 2% 1% 19% 67 93% | B3 21% 6% 86% 13% 9% 4% 160 65% B 16 29 0% 9% 6 60 % 82% 3% 4% 123 18% u% % THE EVENING STAR, WASHINGTON, D. C., 1921. FRIDAY, MARCH 11. NEW YORK STOCK EXCHANGE. Received by Private Wire Direct to The Star Office. Open. High. Paclific Oll. 2% 2% Pac Tel & Tel a4 Pan-Am Pete. 720 Pan-Am Pete (B). 65% 6% Parish & Bingham. 14% 14% Pennsylvania..... 85 6% Penn Seabd Stegl.. 9% 9% People’s Gas. 38% 84 Pere Marquette... 16% 16% Peoria & Eastern.. 9 9 Pere Mrq prior pf.. 5 &2 Phila Company... 824 34 Phiilips Petroleum 24% Pierce-Arrow. .... 25% Pierce-Arrow pf.. 7% Plerce Oil.. 10% Pitts Coal. . o Pitts & W Va. %% Pitts & W Vapf... 1 Pressed Steel Car. 85 Public Servof NJ. 60 Pullman Co....... 103 Punta Alegre 47 Pure OIl. . 1% Railway Stl Spr. Ray Con Copper. Reading. ... Reading 1st pf. Reading 2d pt Remington Typ! Replogle Steel. Rep Iron & Steel. Rep Iron & Stl pf Rep Motor Truck Roval Dutch. StT,& San Fran. St L & San Frpf. St Louis Southwn. St Louis Sown pf Savage Arms. . Saxon Motors. Seaboard Air L. Seaboard A L pt. 9% 9% Sears Roebuck. 75 Seneca Copper.... 13 Shattuck-Arizona. 6% Shell Trad & Tran. 41 Sinclair Oil. .. Sloss-Sheflield. Southern Pacifle. . Southern Railway. 19% 19% Southern Ry pf.. 63% 6% Stand Oilof NJ... 140 - 10 Stand O NJ pf... 107% 107% Stewart-Warner.. 20% 30% Stromberg Carb. 1% B1% Studebaker....... i9% €0% Submarine Boat... 8 8 Superior OIl. ™ 8 Superior Steel 87 31 5 Tenn Copper. 7% T R TR Texas Company... 40 Texas & Pacific... 20% Texas & PC & Oll. 22% Times Sq Auto Sup 8% Tobacco Prod. 51t Trans Contl Oil... 7% Transue & Wilms. 37% Union Of1 19% Union Pacific. . 114% Union Pacificpf... 66 United Allvy Steel. 524 United Drug.. United Fruit United Ry In United Ry Inv p: United Retail Str U S Cast Ir Pipe 1S Food Prod. U S Indus Alcohol . U S Ind Alcohol pf. U S Rubber.... USSmelt & Ref. U S Sinelt Ref p! U 8 Steel. . U S Steel pf. Utah Copper... Utah Securities Vanadium Corp Va-Car Chem. Vivadou. Wabash. Wabash pt A. Webber & Heilbron Western Md. . Western Md 2d. . Western Pacific Western Union. Westhouse E & M. Wheeling & LE. .. Wheeling & L E pt | White Motor. White Oil.... Wilson Company. . Willys-Overland. Willys-Ovid pf.. Woolworth. | Worthington Pmp. Worthington (B).. 62 Call Money... 7 1 HOURLY SALES OF STOCKS. 11 a.m. 369 600 12m.. 507 700 1pm.....619100 2Zp.m.....9%01 300 DIVIDENDS DECLARED. Stock of record. arch Pay able. April 25 d Oil. q. $1.50... . of Canads, a S March 31 | q. $157. March 17 April 13 April 1 April 20 1 15 April 1 April April April Great W. Sug Gto W Sugar 3 G W. Sugar, e Lawyers $1.50 Lucey & M. Man March 1 April 1 March 15 March 19 fa ress D B a lities Ser. pi STOCKS ARE SOFT THROUGHOUT LIST BY STUART P. WEST: NEW YORK, March 11.—The stock market continued as business began this morning under the same predom- inating influences Rail- way stocks were again heavily sold and the pessimism professed over the railway outlook in gencral was the main cause of depression in the rest of the market. No attention whatever was paid to the nation-wide plans on foot to re March 26 s yesterday. duce wages and so restore operating :08ts to something like normal. The speculative community ed in being skeptical regardin out- come of these plans. It would not ad- mit that there, any hope of the railway employe voluntarily. It scarcely needs to be pointed out cepting the cut what a revulsion in sentiment there would be if the rail of the big systems lik vania or New York Central were nounce their acceptance of th trenchment plan. But today the mar- ket was in no mood to look on the bright side of things It took no notice of the statement by the ¥ of the Treasury that bunking conditions were sound, that & lowering of discount i minent and that in du would be found to reliev { business depression. The same specu- force held the upper hand that en ful in December. That bear op tions were playing a prominent part in the decline was, of course, unquestioned, but t thing which counted more was that suchk operations should have gone so un- opposed, There was a good deal of liquidagion, appe; o come from two sources, one from holders of railroad shares who preferred to stand aside until the critical wage question had been settled, the other from people who had bought both rails and in- dustrials in the course of the last two months and had become dischge- aged over the failure of the market to improve. As the session advanced the pres- sure on the list was increased, the bears being 8o sure of their position that they were indifferent about cov- ering their contracts, letting them stay over, in anticipation of added profit. Delaware, Lackawanna and Western turned for a 9 point drop, Wwithout good reason. The list was off 2 to 6 points on an average. i“ : STATEMENT OF THE CONDITI 0f_ihe ANDIVAVIAN - AMERICAN _ ASSURANCE PN, LTD.. OF CHRISTIANIA. NORWAY, Washington Stock Exchange TODAY’S BOND PRIC i . Noeon prices reported to The Star over direct | 8 i New York-Washington wire by Redmond & Co. Anacostia and Potomac Ruwy. 55—$1.000 at| cir i 67, $1.000 at 67, $1,000 at 68, Frinch Goremumt s Capital Traction iw—$300 nt 87, Government of Switzeriand % Washington $0-$1.000 at Kingom of Belgiam : S0 5 K. of G. B of adj st ref ins ES. 4 Pacific conv. d<... Rajlway gen. ... Southern Kailway Tnion Pacific 15t 45 . jon Pacific cony. 1. ifon Pacific Ge 192 58%, America Armour & e and 1 other asseis et Capital Traction—25 at Bid and Asked Prices BONDS PUBLIC LIT] LIARILITIES Thr T ontral Leather : entral Pacific 4x 1018, nesapeake und Ol Chesnpeake and Ohi L taves American Tel. and Telga. 45 American Tel| and Telga. 4 Am. Tel and Tel. ctl. tr. “hesupeake und ¢ Am, Tel. and Tel. i hi., Burlington aud Quine Armonr & ¢ 2 © Milwaukee and St Rethlehem Mil_u . Paul LAl Northwestern s 1030.- ... k Istand and I etz ds L EQUITABLE CO-OPERATIVE BUILDING ASSOCIATION Orxanized 1879 | 415 YEAR COMPLETED . : SRt g I Amsets ... sscT208087 ington. G il Nasivite 721 Qe oF R Surplus . .. .51,085,322.89 ngton It « Ran. and Tex. Ist 4 i Ry wid Mishonr o general de o d v A | Joi 2 Subseriivd i before e this 4 oin the E, New York > bectivit = qm!ab!cmd 1t dong) . B al) “HPELD. s‘v’. Mfld‘b Riggs Kealty 3s (shart)........ 93 atary Publ ey, No. e ”:1"1'“' of your opportimity o tave ' Jo STOCKS i s cav n the Equitable and save systemutically each puy duy. TTE: Subscriptions for the 80th Issue of Stock Being Reeelved Shares, $2.50 Per Month 4 Per Cent Intevest EQUITABLE BUILDING, 915 F St. N.W. JOMN JOY EDSON, Prestdent RANK P. REESIDE, Seey. First Mortgage Notes on Hand American . 155 Cotumbla oy, ~ amoun 1807 tave all CHAS. D. SAGER 923 Fifteenth St. N.W. GRAIN AND PROV BALTIMORE, March 11 toes. white, per 100 poun McCormicks, cobblers, | ONS. (Spey 190 per b, Young, 2 108 | barrel, 4 yams, ach, H Main 36—Lloan Department ! 1 Nav 55 . 4 5 A spring 8l Sav 2 und ecull 50. soring i (k] Z eI Washington pearl per crate, Pl j Hects. s, Canny *| Money to Loan Enst Caulifow , small, per 1b, 15: me-! H Nphbilos Cucumbe d"]lm. : heavy, 10a13. | Becured by First Teed n{ 'rr:'m on Re: Estate. urity Savings and Commercial per cr: Live stoc 5 { Prevailing interest and_commis.. on. | Seventh Street Savings. sggplants, per crate, lambs, 10al1; sheep, | Joseph 1. Weller 120 Wash. L & Trust Union Kale, per barrel, 1 I11: 4 (J P 2. WEUET vigg. 9th ané Fnw. per basket, 1. per 100 pounds, terplants o i ! 1 el P i “-"é‘v‘-s‘;;:é o Spinach his C W A New Endorsement Columbla. ¢ o [ Lrles8un bos potitocs, per Db, e Naniaeay s aeian Fundamental Things— Orange . 2, 2.00a3.00 Fiorida, nix iccberg cel- | per doz., 1.0 DG Paper Mfi Pajier pfd..... snts’ Transfer Mergenthaler L in long term securities and mortgages “in order to give greater security to the sav- ings and to axsist in pro- are little affected by violent fluctuations of money, stock Kkets and business generally. per strap, S. per_barrel, L 1 i Duten Mo bescles, periguart, e ( viding homes for the i | “That is why they constitute Selling Prices at Noon. per bbi., | thrifty.” i i | investments for those who cat — No. 2 red winter. spot, | ate, Our First Mortgage otes, desire placid, comfortable as- i nominal; No. 2 red winter, gar- | r bbl. 2 on improved Wash ngton surance about their money. Sy 4 6.00:6.5 real estate, are available in state is fundamental. pot, Lteal OIL STOCKS, Horinal: Onions, | small and large denomina- Our First Mortgages—secured Quotations furnished by W. B. Hibbs & Co. | MOMinal. ion | proved D. C. Real Estate Wheat s Bag lots of nearb! absolute security of Anglo-American Ol Co. (new).. igiy 37" | wheat, by sample, delivered, at 1.45 . 5 SWARTZELL, RHEEM & principal and certainty of yield. Ao ReHmR I Co 184 B | T e, : new cabbage, 1.50a1.75 per busket. In amounts of $250 and up. 2 B | Corn—Cob, new. sellow, 1300435 HENSEY CO. . ! 3 83 {per barrel, ifi carg contract_corn, H | i Mapufacturing €0 166 20 | spot, 803 mominal per bushel: Marcy | LEAF TOBACCO MARKET. | 727 Fifteenth Street N.W. tinental Oil € - 10 lh corn, 8035 nominal; April, $1%: track BALTIMORE. March 11 s | 5 A o . . i | corn. yellow. No. 3 or better, $6 nomi- | for the past week we Al w u.‘m..n...bz.scz.‘ow‘\ | nal. heads, with sales of 76 hogsheads THE NATION’S H V. 1 Corn sale: Most of the 0ld was n Mortgage O bushel: | crop. with pr firm at about last | i No Prices per 100 | Rye—Bag lots of nearby r d frosten s ——— 934 N. Y. Ave. N.W. quality, 1.50a1.60 per bushe o. und common good commion, ! western eXport, spot, 1631 per bushel. [ 11al7 i good i ) Hay—| inal a- | red. ney, 40 and o | L NER can a}:d : No. onds, common to medium, 5al7 BOUGHT AND SOLD FOR CASH pigre’ Ling. X thy. : No. 3 timothy to fine, 1%a ground 1 .be BO d E Ch frsinic Dibe Sdndioo ight clover mixed, 23.00a upper country nominal, 1 rty n xchange, Soutnern i 2 light clover mixed, tock in warehouses —y Manvland, ~ Line (o.. onth Penn. Ol Co.. thwest. Tenn. T 604 14th St. N.W. . 1 clover mixed. 21.00a 79; Ohio, 4 clover mixed, 16.50a20.00 total, No. 12.00a1 :fi: i 6.00; No. 1 clover, = = = — No. 2 clover. 16.50a20. 3, 5 5 o 16.00; sample hay, 10.00a15.00, $5,000 Life Policy, $57.35 B 0il Straw — No. nominal No. | Age 40. Bend date of birth for illustratios ® o b oil straight r- 1 tangled | aud partien your age. 3 oiumpla on iadar O ryg. 16.00; | M. LE ROY GOFF, Insurance Adviser Swan & Finch ¢ : No. 2 wheat, m. 71X Woodward Riildinz. M. 340 Union Tank Line . 5 5 v, o SoESiay .1 oat. nominal, 15.004 20 N.W. Washington Off €0, 00000 : 2 oat. 16.00a17.00. 620 F St. N.W. _— CHICAGO, March 11.—Prices de- clined in the wheat market today as a result of general commission house selling based largely on disturbed in- DAIRY MARKET. BALTIMORE, March 11 (Sp. If you invest your savings in the highest grade bonds TIZ l'mml ~Young chickens, alive, per|dustrial conditions. Be: put some i you must keep them to maturity or sell at market quota- pound. ed. 3840 old. 32a | stress also on official figures show- BANK S e 33; dres old roosters, 20:{inz the total stocks of wheat in the SAV'NGS a tions, possibly at a loss. I United States March 1 were ten mil- lion bushels in excess of private esti- dressed, winter, two and a half pounds and under, 43a45; ducks, per If you invest in Real Estate Mortgages your mouney is Commercial ound, 3padl; dressed, 38a43; geese,|mates. Bulls failed to make much 5 s o 4. g e d.;)])cr pound, 30a35: {urkess, | headway with assertions that the Accounts i tied up till maturity of the mortgages. 2 per pound, 40a54; dressed, $0a; most_critical period of the growing 5 2 g y o T Cons. per’ palr, 15a50; guinea fow,| Wheat Erop e umite om oy o Safe Deposit 7 1f you deposit your Savings with this association you 5 aSE: : 5 prices, which ranged from % to - k : cach, Spass; capons. dressed, per| 2 Sower, with March 165 to 16315 Boxes can withdraw your shares any time and receive every < o Sl May 562, were followed { A 5 Eggs (loss off)—Strictly fresh | 204 Moy 156 to 3 00N W er b hnd Monthly State dollar of your deposits and 5 interest. nearby, per_dozen, 32; southern, 31;{ {per something of A rally. ment Serviee 73 duck eggs Corn descended with whi After 1336 N. Y. Ave. & per pound, 7 v, creamer. opening % to % cents off, including UNDER GOVERNMENT SUPERVISION | May at 69% to 70 cents, the market dairy prints, rolls, per | continued to sax. | pound, : ladlés, 28a30; process| Oats were governed by the action | butter, 30a31; store packed, 19a2 of other erain, starting %a% to % NEW YORK, March 11— Butter |ents lower. May 441 to 443, and then 2 2 5 reakening still more. steady; receipts, 5.030 tubs. Creamery, | W42 Holé o) higher' than extras, 47%ad8; cream- | [Frovisions lacked support ers extran (95 score), 46%adT; | No important rally took plac creamery, firsts (S8 to 91 score), 42a |though export demand was ev The corn market closed unsettied KTy stocks, current make, i 'y " not lower, with May 69% to y i = % g i ngon | 693 a6 5. F unsettled; “receipts, 34,782 - > aich = 3 ral = Further breaks ensued, but libera! Shicas: hered Saus “{;“,a {export short buying finally checked o } i S e S e R e Final Judgment on western hennery whites, firsts to ex- | uced CRRRQ BEOIONE, O EP o0t hd tras, 38a43; do.. browns. extra, 38aiye oy gail o 1.53%. » Erk ‘3,inr‘:""nrfi't';ht;e':-x:'rm“;:a’i'sm mixed | "XEW YORK. March 11.—Lard, easy, | § i “checse, firm: receipts 5 middle west, 12.25a12.35. Other ar- | §§ State, whole milk, flats ticles unchanged. | do., average run, 26a: e . vhole milk, flats, f COTTON MARKET:! H 2 i o., average run, NEW YORF March 11.—The cot- | —_——————— ton market opened steady at an ad- va f 2 to T poin N respon . . . . e relatively stendy Liverpool cables is the judgment of Time. Thousands of issues of new secur- Private cables, however, reported e % i A auiet market there, with Manches ities come into the market each year. They are tested, investi- gtill poor. and the local market tus gated, judged and purchased by the investing public. But the easier after the opening as a result ARE IHRUWN []VER '{{{;':;:E::-‘gafu Chnen W o 11 8L last test, the final judgment, is the judgment of Time. ;“:;’ i "':"32“‘T“‘fi"3‘ s Periods of stringency or of depression have proved NEW YORK, March 11.—The bond | €198ing - quiet; March, 11 May. too much for many loosely safeguarded and badly market today again showed muech|11.57; July. October, 12.41, and 5 more sensitiveness lo-lllh weaknes: DP’F;‘:P\I(»:H’ iine! carniad May. o secured investments. R ontines ot o SIS P Those securities which today survive these tests Soried Sl ok (he Fuitway Tt 21;"-’ Tt hewever, a pric have survived because of their own merit, and This was true of such repres ta l:’“" ied toward midday on coveri because ofthomslghsa.fe.guards applied by the invest- o e G e et Westary s | n O e e i Sotre ment House which originally marketed al 45, t. Louis and San Francisco prior lien A and the adjustment and income bonds of the same road. All the Pennsylvania securities were sed for sale, little thought being selling up to 11 of last night’s clo; NEW ORLEA an advance of 4 to opening today, in 1 ng quotations. | March 11.—After s o et ) The Straus Plan has survived the tests of 39 years without Ll the cateon loss to any investor, and the first mortgage bonds safeguarded a2 nS Live ool, the cotto Takien of the measures that are wbout | M1, CAVIES Trom LAVEIPEol 10 oF the | % indi AL the Lind) £ to be put into force to cut down the!gilli*yaie hour of business wus 14 to! under this Plan have been vindicated by the judgment of mous burden of wages, measure ot ler the close of yesterday. | 3 A 5 G i . it I8 estimated will save Uhe | goniares open T “March, | Time. They merit your investigation. If you are genuinely a between $25.000,000 and |1 38 offered ; July, 12.30; = 2 ) 5 b kl $30.000.000 = vear, The Peansslvanialodoer, 128 mber, 13.10 bid, interested in sound securities, write today for our booklet, enieral ®s were the weakest, 1osing | 11vERPOOL, rch 11.—Cotton, A . ” 3 3 xer A point Ito| S6us (Miie) ten s spot, qulet; prices lower. Good mid-) “Common Sense in Investing Money,” which explains the while | the mew 64s Anally broke| g 6os; low middling, 6047 good fundamental principles of investment safety, and tells abou: through lgngwsuwur . and s0ld| Grainary, 4.79: ordinary 403, Sales, qs B K S0, S Gentrat. ashenturesa| 3000, BRISE, iclutlag 2710 Americer, the Straus Plan and Straus Bonds. Ask for cere a trifle steadier at 88. Erie con- | hecoibts &0 utures. closed Vertibles at 38% were off nearly a| e log. Mav 7.40; Ju BOOKLET 540-G. point. Industrial bonds did relatively | Oetober Dacember, 7 . better than the rails, T 2 United States Rubber 78, which had % closed last night at 97, sold at 97% | V S this morning. The Rubber 5s, after| € AGO LIVE STOCK MARKE A advancing from 79 to 791%. came ceipts, 5,000 hea . o CATTLE—R: down subsequently to T8% where,they | classes kencrally " sieady: top heef INCORPORATED - ESTABLISHED 1882 were off_a half point on the day.|steers. 10.55; bulk, 8.75a : butcher Midvale 58 ‘:n-l:} firm at 76. ctws and l\t-ifor.; largely g.mr;a: 00: NATIONAL METROPOLITAN BANK BLDG. Liberty bonds were very little|bulk canners and cutters, 3.00a4.50: : o changed. bulk bulls, 6. veal calves (o Telephone Main 5847 : Wa.shjngtcn ain they showed a very fair ca- | packers lurgely at 11.00a12.00; bulk New York Cleveland Philadelphia San Francisco pacity_for absorbing the lquidation | stockers and foeders, Tr5a0.00." Chiago Bosco Todianapolis Milivaukes. by corporations and individuals rais- | Hogs—Receipts, head; lights g 2 : ing funds to meet their tax payments. | weak o lower: heavies slow. Detroit Buffalo Pittsburgh Minneapolis Foreign government securities were [ mostly 15 to 25 lower: spots off more frregular. United Kingdom 5%s 1937 were down a bit at 85%. Mexi- can government 48 broke sharply 30 as against 32 yesterday and 36, Sheep—Receipts, 14,000 head; opening their recent high. On the other hand, | very slow, about steady; lamb top early, Swiss 88 -held well at 102%. City of |10.50; sheep lamb top, 9.60, averaving Zurich 88 were steady at 941% "and |around 77 Ibs. Bulk fat wooled lambs, the Belgian 8s at 97% and the Danish |early, 10.00a10.50; 90 to 95 pound shorn Municipal 83 at'96% were unchanged. ' yearlings, 7.50; no fat sheep sold early. , 200 Tbs. down, 1. 21150; bulk, ibs. up, 9.80a10 to | pigs weak to 25 lower. of | top, 11.60; bul 0 THIRTY-NINE YEARS WITHOUT LOSS TO ANY INVESTOR Copyright, 1921 by S. W. Straus & Co.