Evening Star Newspaper, March 27, 1921, Page 25

] 3 ~ | - FINANCIAL. 2 PBACE_TIME SCHEDULES WOULD BE A 'GREAT AID TO INDUSTRY Has Go;le Far—Wage Reduc- Liquidation ‘WASHINGTON, D. Week’s Price Range New York Stock Exchange|STEADINESS SEEN i C, MARCH 27, Corrected to the Close of Business March 26, Satarday, at the Office of The Eveing Star. &, = < s High. Low. tions Would Give Assistance to Business. |®%i: = . 35 26 - & 195 15 Satisfaction at Packers’ Adjustment. P b 391 254 RY L A. FLEMING. mmoderate to very good. and the other s 7 - - - | half see small betterment. if any. 3% Tndustrial recovery, so badly need- | %py FC HOR | "X O on of Creait| 124 1 ed that the United States may resume | Men. aftcr a study of conditions and| 554 38% ifs normal prosperity, is seriously re- !nu-lrv';nws with = numbe; of repre-| 037¢ 87y S N . | sentative men a over the country, 7 tarded by too much unrest, dissatis- | (00 0 F ot failures are Increa g, B8y 203§ faction and refusals to drop war-time | but still far below expectations, a 83 5% schedules and get down to the brass | favorable sign: 6515 433 taaks of peacs GRYE. 'hat_a lowering of the federal re- 2 o re |erve discount rate might help busi- The days of extravagant buying are | ness, although there was much op- over, gone probably forever, except|position to any change: such as always comes from the devel- [ That the reduced buving power of 3 the farmer is much that he cannot opment of the newly rich. T contribute his share to restoration Liquidation has run far and, in all |of business until after the next| o’ probability, has nearly finished §ts|harvest. 2 2 course. In 80 far as manufacturing in- The Outlook. © | By e dustries are concerned and largely so . < 2 far as retailers have been warranted | & Tache & Co. bave the follow. | 85 61y in going, but labor has still to do it8 | ey fetier: In | 4 8% 9 “The supply of money. as it is in-' 5314 4035 The general public still demands i 5 % and will obtain concessions in many ::fl“:.}wby he rade of fnterest, does| gyi. g lines, and this can only come through | 200 now afect prices on tho stock 6275 57 wage clipping and the abolition of "m_"_ e it did when the bank ' the excess profits taxes, which cannot | eserves showed the country short| 40 3814 be put over unless some satisfactory | 26 CPedit the rate of intereat| ;5 - 8% substitute can be found to replenish | 37ect® the ue of stocks in rela- 4 the wasted coffers of our Treasury. on to their yield, which is high at| 6216 461§ One of the greatest happenings of | the present lime. where dividends| g g4 the week Just ended was the settle- | 870 Sl being paid. A permanent| o0 gon ment of the proposed packers' strike. | IWering of interest rates would ad-| 3% 60 and any one who has ever gone|VaNce the prices of dividend payers.| 10 51§ Through one. even At a distance, un- | , *In @ far as this conmideration is &l 11 get st Mo o e s | factor. stocks have advanced senti- o e fraught with danger to the forces of mel;xm},v t week on a 61z per cent| 44'3 35 the law and right. to the innocent by- | % “‘;‘- "‘“" some loans made| g3 T3¢ stander and to any man who has the | J0Wcr. Tn the lossened demand for| ... o9 temerity to be a strike breaker. unds. brought about by husiness in-{ 3134 Important as the avoidance of this activity, rates “‘_num undoubtedly. go | 96 88 strike and the concessions mutually | MUch lower if it were not for thef g3 735 Agreed 10, that prevemted it. it was|lar&e and continuing demands of the i nothing in value compared with the fact | overnment. 102 95% that it gave to the business world the ‘An_advance in the market of any|jo33; 1123 assurance that President Harding had | Teal permanency depends, however, 12054 110 made no mistake when he named James | Upon the solution of a number of 1204 J. Davis his Secretagy of Labor. This | problems—the most important prob-| 94 87 official is possessed of a judicial mind; | ably, in our domestic situation. being| 741, 87 he is able to look on both sides of a|the siow crowding over of our rail-| . 0/% question and make a decision, and not |roads on to a paving basis. That in| 394 297§ one-sided in his rulings. turn aepends upon the action of the| 9 8 Business welcomes {his brand of an|labor board. and perhaps of Congress,| 33" 96 official in Washington. is especially | but neither of these organizations 1s needed in adjustments of innumerable |apt to move very promptly. Prospects| 40 337 wage cases which will be brought before [ in thix direction, favorable or un-| 35 24 him in the near future, with the hobe | tayvorabie, will furnish specalative| .y, that he ‘]'ill hehahlr to nmomlh ourh!hr fuel in the meantime. 10715 04 kinks and reach a_compromise where | ‘up 'j g IERRIme | sng m compromise, in his judgment. is Wise. | road labor cannot eoatlnun tr s i it 75‘2 Unrest and the Dol on an inflated war-time scale. while 9 . Much of the unrest is incident to the [the rest of the country is being re-| 79 24 war period and grows directiy there- Organized on a basis of readjustment,| 8615 0% from. and especially is this the case when| 76 305 it is also the cultivaied and watered [ the well-being of the whole country ! unrest from the turbulent old world, | depends g0 much upon the railroads| 4% 20 suffering from its many miseries, fight- | being placed upon a sound operating My 82y ing for power, fighting for anarchy and | foundation. 3, the destruction of that which exists| “A number of unexpectedly favor-| 31°% 303 without a Suggestion of Detter replace- | able reports have been published this| 54 47 ment. week, notably t } Propaganda has flourished and propa- | States Steel C’;rnz::u:rl:. %aer:';:l:;g e ganda should be put under close sur-|heen no important indlcations of re.| 4% 2% veillance as dangerous to American in- | vival of business activity, although| 63% 533 stitutions, unless it is the propaganda of | in' s few trades considerable. beiere Americanism and of self-support. ment is shown. The uplite of re| 1074 . 9% Dealing with the won't works should i yoting seanon will have its effect nn| % 4 r;m:nm:;f:x;ltr:ffi‘:o“.‘ eat un- [ESneral business. and produce more| 145 104 S o e pharawiibal dances to which & better stock| 1 674 O e e Ny charitable in its |Market is contributing. 0% 8% world-war _trials. And ‘in instances L 4 i charity has been abused. but we ) Sothing like the state of affairs that BALTIMORE PRODUCE. 1y 10% prevails in England. There they havean | BALTIMORE, March 26 (Special).—| unemployment fund. A man i8 valued |\t the Jower prices i i e around $4.500 and s pald 5 per cent an- prevailing in the| 14 117§ nual interest on this sum when out of | e5% market this week the cold storage | g4¢ 59 work, while the woman goes on a basis | operators have taken old freely, hence | "' oo about 31, ess. receipts while fair h jc wri call it the “dole” air have cleaned up O, Yra wnieus the “dole- s | Gaily and the market is Armer in tone 4 08% stopped 'in’ the imm-diate future it{ o o “du ruling a shade higher, 25|119% 11034 will ruin Great Britain. Any kind ndl “H;l;tnfl.:n“:‘l:;snlz pr’-['ee to: 8y By 2 "aoie iy bremium o Jasinces and | LTIG0Y freah neashy stock, Demand| o 3 Triere ia one way 1o Zet this world's | Vieabie ‘as the present conditions may (209 190 goods. a modicum.at least, and that is 1.;":';!:‘!. :d'?g:-"?fl':’w?fi““f". 24 B i h; w.” v ry is im- B e e o AN efeated army of [Proving and for the smaller sizes of | 825 64 e perhaph_driven out of its | Winter chickens weighing around 27 | az15 853 . Sountly, landed In another, de- |pounds and under. which Will bring| 3’4 ‘3je pendent on’ the charity of the Red |48 to 50 cents a pound. and fof spring- | 3 4 o ers averaging 1 to 1% pounds apiece,| 31 3 "Charity covereth a_ multitude of |there is a broadening demand at 55! g1 26 Y O iy to be praised. but |and 60 cents. = Market firm on young ! %% Thisdirected charity is a menace to|Chiokens generally at 30 to 40 cents,| 71 0034 the recipient. but for old hens 35 and 36 cents are|110 100 Will Be Seived. prevailing prices today. Season for 58 turkeys about over, but under light re- | 70% 58% National problems, taxation, tariff,|ceipts prices hold fairly firm at 35 to 50| 28% 22% immigration, etc., may be left with & |cents a pound. Reoceipts of ducks mensure of assurance of their being |increasing and the tendency of the o sex solved by Congress, wisely 164 by the | market is lower, prices ranging from| 75 08% mflamt and his advisers, en of |33 ‘18 40 cents a pound. Plgeons, firm | 13% 9 v, 4t 50 and 55 cents a pair. Guinea fowl ‘With these and the problem. By 19% out of the way the m":fl‘y" Ine Santed a¢ 85 cents for young and 50| 1% LV sorest spot in the community, ‘Seaso: find jncreasing freight and begin to g5 g, n for dressed poultry about over | 6214 4344 g and demand only fair. With the excep- reap the reward of high rates. tion of capons, which will bring 40 to| 25 19 The United States Steel Corporntion. |52 cents a pound, poultry will bring only | 37% 213 Have you ever stopped to think a |8 cent or two more than the live| 63 5615 few wminutes of the United States stock. With the warm weather prevall- , 1 Steel Corporation—the greatest busi- | ing all shipments of dressed poultry| %% 5% ness © organization in the United |should now be iced. 621 34 States? i The demand for white potatoes is far | g 413 Teople know In & general way that short of keeping pace with the daily re- . it has been a wonderful mo ceipts. and the market is again lower,| 8 77% maker; that it has large factories in |90 e 10 1.10 per 100 pounds, being| 714 475 many places; but on the real facts|top prices for No. 1 stock. McCormicks < fow are informed. are especially hard to move oven at 65 1% 1% Since it was organized in 1901 it|and 75 cents per 100 pounds. No. 2{ 66 564 has practically expended $1.000.000,000 | stock, slow sale at 30 to 40 cents per| 5 1 in additions to lu.gh-u: it has|100 pounds. Sweets and yams are in assets today of $2.430,546,962.56. and |freer supply and the market s siower,| 70% 65 has written off and charged off for | the former selling at 3.50 to 5.50 & bar-| 323 254 depreciation and replacement hun-|rel. and the latter, 350 to 450; No. 2| 1p7ic 73 dreds of millions of dollars. and culls of all tions are siow | 10724 One of the most jmpressive features | sale at 2.50 and 3.00 a L 33 25 * of the late annual report, coming Native spinach and kale replaced the | 26 208§ a time when many corporations Norfolk variety, the former selling at 1, frantically blading for aid from banks, |50 to 65 cents a bushel and the latter | 6756 0178 was that this corporation had $123,-'25 to 35 cents. Onions and other nearby | 31 23 680,954.02 cash in the bank subject to | garden truck, dull and lower, under slow 102 984 check; that it had $369.807 out on!#ale, as the trade demand is now cen- time Joans, and liberty bonds and|tered on early spring vegetables from {220 208 Treasury certificates. with other ‘se- | the south. %% % curities, aggregating $150.350,616.78, | APple receipts are running more lib- | 1% all practicaily cash eral and the market is easy under| 4% It owns $1.995,100,433 of property. | movement for top grade packed stock,| 16} 1034 Last year it paid pensions of $779,- | Which sells at 350 to 650 a barrel | 211, 17 to retired employes; spent $1.420,- | Loose stook, slow sole at 2.00 to 250 o % for accldent prevention, and paid | Per 100 pounds, according to quality| 85% 52 $5,634.263 for accidents in fts shops. |and condition. 1475 113 To brovide aid S 298 Sstasncy —_—— ny% 17 stations in its shops, twenty-five base hosplitais with a staff of 263 surgeons| __NEW YORK BOND LIST, 18% 12 and physicians, whose time is given | NFW YORK, Mareh 26.—Olost 70% 48 exciurively to the corporation, and an |y § o Tefletered & 8% outside Staff of ninety-one SUrgeons |y’ u ie registered is retained on salaries. B. 4a, 90 ” Sanitation last year cost $4,227,263. . 0| 168 1% At the closa of the year there were 8 N in _operation 1.696 comfort stations, Ty | W4 1% 20,340 washing faucets or basins, | A oy | 5% 1% 3.3%9 showers and 133,315 lockers. :: AR Y% apolcon won Austerlitz with soma- | 2SO £ 45 ki) i thing over 100,000 men in his army. . Beitmers and orie oo oo “70%| 6215 54 The Hteel Corporation has on it8 ‘ lathiekem Hieel ref, 5s 88% 11383 1204 pay rolls 267,345 people and the pay | (entral of Georgia comsoli -:: 1644 12% roil for 1920 was 3581 25. The |Ceatral Leather 5 o reader may figure the annual pay per | Central c 725, | 705 63 poraon. it the information fa deatred. | (heeoss 21, 83 0074 he v e Iy < The average dally salary per employs F IR T e o il wyg uu In 1920 the corporation et astde | (mi. asa Vamwesirs ora ‘5 @25 18y $38.724.283 to pay federal taxes. Ohil Copper col. trust Gs. s 185 9% . Better Keep the Records. Glay of Farts .. When you mads out your incoma Deaver and Rio (lll.l':fl‘:fl'-“ tax record If you used tho letter “p* Dominion of Cuneda Ou (1981 tharein you would better begin right | &re St imdnic s early to keep m memoranda of your|Grest Northern 1t 4 expenditures during the current year. | jLineis Central ref. 4e Keep track of all your luzury taxes and deduct them from your next . in- come tax statement; if you use your| | auto in business excluniveiy enter all! Missou:! . ‘and Texn xpanses in tha matter of repairs, gas | Missour! Pacife. gon - 40 “«nd supplies; keap & record of every|Montana Power fu. “ent of interest and of taxen you pay: | New Yoek Central deb 6s nour movia record will save you a fow | N0rfoik and Western cv. 6a. dollars; ench ball game ¥ou attend | Norihern Pacific 4. comin w tax and you whould record |Oegan shert rin; that: your gifte to organized charity | Paifie Tor and pel | offer a chance for reduction of your|[Pennsyivania coneolidated tax, Penneyivania gen. Ge. Your Unela Sam dossn’t want you | Reading gen, 4 {o puy him taxes and then pay a tax ;';'";::I"ln; e on the taxes, a i fiin ¥ranciaco ad), 6s. Just he fair with him and you will | pearcert Al Ldno adi. b find that he is fair with you in the ot sceounting, Kouthern Pacific cy. 5 Kouthern ke Where Nusiness Is Bottor, Rubber goods, automobiles, woolen tiras, otc., have all riked improvement in the capecially the two staples a is buying nga! iat are ofered, b Kany I Bteel Be (i040) . *Rid. 10ffered. sibility of f inducements s#ing offered (o hold husiness. —— In muny lines of merchandising| King Alfons ' ’”.;,,.u E |'|1vll akree, About half vf the relall trade reports stocks gradually deareasing.and .acTsctions Div. Woeek endiag Mareh 38, 1051, Net. High. Low. Div. Week ending Rate. High. Low. Clese. Cdge. | —1021— Rate. High. ~— Adams Express.. 28 28K 31 16 — Kennecott Copper... 18% — Adv Rumley., 14+ 14] 136 8K — KeystoneTire..... 1734 4 Afr Reduction Y+ Y] B4 4% 6 Lackawanna St 5454 — Ajax Rubber 346 383 3%+1 |B 19 — LakeErieaWptf.. 20 ~— Alaska Gold. 1% 14 14 20§ 174 2 Lee Rubber........ 2% — Alaska Junesu. 13 14 1%+ X 504 434 36 Lehigh Valley....u 505 — Allled Chemical.... 44% 434 4 — %] 2 15 3 LoewsInc..... 20 7 Allied Chemicalpt. 89 89 *89 4+ 15|13 94 1 Loftlno..... 4 Allis-Chalmers. .. 38 + 15]164§ 136 12 Lorillard (P)..eci 7 Allis-Chalmers pf +1 |€ 31 = Loose Wiles. 8 ‘Am Agri Chemical 50 + 14|1036 97% 7 Loufs& Nash...eew 100 8 Am Beet Sugar. 8% — 34| 8% 4534 7 Manhattan Blev.... 55 5 Am Bosch Magneto. 61% 5% 613+ 8%| 7 2 — Maxwell. vem—e: (O} — AmCan. .. 303 WY 304+ %|88 656 8 MayDeptStores... 86 7 AmMCanpf......... 85 8475 85 -+ 1 |1673 137% 12 Mexican Pete.ee—u 15134 12 AmCar & Fdy.. 128+ 1 | 19 15 2 MiamiCopper.ceee 1734 — Am Chicle Co. 21— 23] 155 113 160 Middle States.cweee 134 — ‘Am Cotton OI1. 21 — %| 3% P 3 MidvaleSteel.....u 303§ — AmDruggistSyn... 0% 64 6% 13 9 — Minn&StL(n)... 104§ — AmHICe & Lea 104 9% 94 T 6 7 MStP&SSM..... 70 — Am Hide & Lpt. “w - 1% :y 07 EbiEmains 5 F-Sle] P o = 5 + 14| 41% 3% — Mo Pacincpr. 1 8% + 36| 19% 14 — Montgry Wara 3 8 +1 ;% 21 4 MullinsBody.. ~ Natl Acme... : :“Il 108 102 7 Natl Biscuit. .. — Am Safety Razor. 7 e es- K| 108 7 AU Bikoit pr. — Am Ship & Com. 8% 8 8- 3| ¥ B — Naticloakes. 4 AmSmelting....... 40% 36 365 — 34 &:% 4:" = SNALL Condult, 4 7 AmSmeitingpf.... 70 3§ %4 — 2| % W% 6 NatlBnameins.... @2 3 Am Steel Foundry.. 0} 2% 0%+ ¥ 0% 8 NatiLeaa.. i R ger 9% 0 MK — 4 l:% :}( = Natl RRMex 2d. 5% 10 Am Sumatra 81 T WA+ M % = Nevada Copper 8 74 10 NY Air Brake. 8 Am Tel & Tel 100 9% 100 5 08 5 12 Am Tobacco. 1163 114% 114} — % ”" 2% N¥ Central 12 Am Tobacco (B).... 113% 1113 113 no% o ;‘""’“"-- 6 AmTobaccopt (. ® O 91 +1 foi T O N¥Deckpt 7 AmWoolen. ....... Tagea Lo p |[EHSRIRGE KX Nemmaven o 10 ~ Amwriting Pprot. | 314 31 3K+ 1K NYonterio s Wi o104 AN o 8% 12% 9% — Norfolk Southern 94 = s 7 B +1 xg:;/g fi% ; Norfolk & Westrn.. 97% e North American.... 5% = :% ‘;% m_‘. ]33: 88 75% 7 Northern Pacific... 793 ; 0076 9 104 1114 s: a;% 4: Nova Scotta Steel.... % v ey Oklahoma Prod. 3% 6 %% ;’:" e':%_ ; 29 2 2 Orpheum Cireult... 2515 5 Atchisonpf........ ‘K e 4 130 115 8 Otis Elevator...... 128 % ::ll:::lnolg:l‘;:\nfl- = m‘; 806 — 34| 16 1% — otisSteel.... 133 10 Atiantic Guit. v ami Wl (U6 (% 2 OwensBoule 85 5 Atlantic Guilf pt. 36 30 WG el gep o ood fehevlon, 2 e W s W+ W) M Pacific Gas & Elec.. 48 e G s B4 3% BU+ K 134 if — Pacific Oil... 37 @ Balto& ORloDE.... 405 49 4%+ | 0 643{ 6 PanAm Petrol..... 734 w4 2% 7% 58% 6 Pan Am Petrol (B). 66 250 Barnsdall B......... 244 5 15% 12 — Parrish & Bing 15% = Beth Motors. . 3 Pennsylvania...... .363; 5 Beth Steel (B) — Penn Seabd Steel 1515 .f — Peoples Gas... 43 — Bklyn Rapid Tran < 51 51 5 ;:: ::::Trll:)er th glfi — BkiynRTetfs i .:’é ;"+ | 3% 32 3 Phinadeiphiaco.... 3¢ 10 Burns Bros. R i 44 45— % 3134 234 — Phillips Petroleum. 2614 — Butte Copper & Z. m/; 2 13— M 3% 199{ — Pierce Arrow...... 35% — Butte & Buperior. 10 42 |8 68 8 PiercoArrow pt. 84 T Butterick. ~ Plerce Oil... 1094 = mflf";::::“ i 8 Pierce Oil pt. 3% 5 Pitts Coal.. 61 = CRICESCEOL, — Pitts & West V 261 7 Calif Petrol pf.. 1 Pond Creek Coal. ‘“4 0 Pacifie 1 g:::‘:;nu:t::r . : Public Service NJ.. %69 = Pullman Co........ 107 : g::::: z.:: p.'f ~ : :Ilnllo Allegre Sug.. 4714 SHEIE ure Oil..... .o . 34 2 Cerrode Pasco.. 82 8 RySteelSpring.... 873 — ChrGt Western. ¢ 3 Reading intore.. 41 D iMhemppe. ® 5 il | T 0 2 Retingsast . 4 5 Cni & Northwn..... o0l S@e —an| SO0 SHIS Raminetgh Trne st = eplogle Steel..... ; o :;::r;::l'.l.fl' figz 6 Rop Iron & Steel. . 6% o= ep Motor Trk % gm:::;‘;’:,» 0K~ 3% 5634 530 Royal Dutch. 7 CMRI&PI%DL. 7 + %[ 11U 1 8tJosepnLeaa 1 il 0%+ % 2434 19§ — SBtL &San Fran. 2215 = 203 — 35| B% :“ - :‘zns.nrm.pr. 3015 A — BtL Southwestrn.., 293 = g f? 4 35 ~— 8tLSouthwn pt. ss;f A g;::‘_‘c:,':w' 22 4 14l P 2% — SaxonMotors...... 534 — Colo & Bouthern W5+ 1 l;"‘ ::2 & :’“:”'g ::";‘"’:4‘ 6% “ 15 — Seaboard Air L pf.. e e e R L "Bh4 | Wi 94 8 Sears Rocbuck... 7 ColumGraphonetpt. 45 40 45 +5)| X2 122 — Seneca Copper..... T\ Congol Cgar. I 054 473 — Shattuck Ariz Cop.. 7 Consol Gas. 8114 8015 81 - .134) 40 3815 74 Shell Trans & Trd.. 2 ConsinterCallahan 5% 5 5% 25% 19% — Sinclair Consol..... 3 Consol Textile 21 18 2085+ 134] % 416 6 Sloss-Shemeld..... 7 ContCan 61 % % — 2% 101 70 6 Southern Pacific. 7 ~ Gont Candy B 1% 14 24% 19 — Bouthern Rallway.. 2134 4 Corn Products 1036 7% 7036+ 34| © 53 5 Soutnern Ryt 5514 250 Cosden & Co. 4 16734 135 5 Standard OlI NJ. 152% 8 Crucidle Btesl. 7 StandOINJI pf.... 107% 4 Cuban Am Suga 7 Stern Brospf........ 106 — Cuba Cane Sugar. 4 gtawn;t ‘Warner. 34 ~— Stromberg Carb.... z S::Ta:.c::fn" 74l 9% 43% 7 Btudebaker.. 9 Del & Hudson. 14 1% 7% 1 Submarine Boat. ? 10 DelLack & West... 215 205 215 +5 | 134 7/ — Superioroil... 8 — Denver & Rio G. 14 1 14— ¥ B 120 — Temtor C&F (A) 13% — Denver & R G pt. 2% 1% 1%— %] 9% 7 — Tennessee Cop 8 1 DomeMines.. 16 163 10 + 45 38 3 TexasCo.... a2 — Elk Horn Coal 21 191§ 21 + 13| 24% 164 — Texas & Pacific 2215 5 Endicott Johnson.. *65% 613 633§+ 18] 307 21 1 Texas PacC&oOil.. 2874 i 2% 13 — Third Avenue...... 203§ = 734 250 Times Sq Auto..... 10 ol 1 45 6 Tobacco Products.. 483§ 8 FamousPlayers.... 703 08)% 70 + 35] 126 63§ — Transcontinental 1035 8 FamousPlayerspr. 87 8 8 +3 |7 6 8 UnlonBag&Papr.. 73 10 Fisher Body 873 8315 814+ 2140 2% 17% — Unmionom.......... 21y — Fisk Rubber 16% 1434 164+ 1%|132 113% 10 Union Pacific 11814 — Freeport Texas 1% 15%5 164+ 34|°34 206 — United Alloy Stl.... 313 — Gaston Wilims. 15 13 14— 2{106 92 8 United Drug. T — Gen Asphait * 65 9% 0%+ 15| 47 4346350 United Drug 1stpr. 4315 6 Gen CigarCo. 61 583§ 6074 + 234|207 9734 8 United Fruit. . lo47g 8 Qen Electric. 1314 135 136 —1 |12 9% — United Ry Invst.... 11} 1 Gen Motors. 144 13K 14 + 3| 8% 484 3 United Retall Strs. 515 6 Gen Mot 6% deb. 6615 6314 6514+ 174 18% 11% — U S CastlIron Pipe.. 183 7 Gen Mot 7% deb. 76 5% 6 + %} 5 304 5 USCastIrPipepf. 50 6 Goodrich (BF). % 31 3B + %|VK 19 — UBFoodProd..... 24 — GranbyConsol..... 19% 19 19 — 14|72 _64% 8 UBInd Alcohol 7 — Gray & Davi 165 155 15% — Yl 613 413§ — US Realty. 4835 7 QreatNorthernpf.. 75 - 73% 73% — 34| 74% 62)4 8 US Rubber 7424 4 GreatNorthnOre.. 32 31§ 31— 14| 35% 2% 2 USSmeltRefin.... 303 2 Greene Cananes 21 0% 20% 8 713 5 USSteel... ~ Gulf Mob & Nor. 8 T 8 4 ill2 107 7 USSteelpt 4 Haskell & Barker 4 57%% 584+ 2 | s 462 4 Utah Copper. 97 — Hendee Mf§.... 18% 153 179 + 23] 12% 8% — Utah Sec Corp. 12 — Homestake Minin, 60 55 60 + 5%f 4l 26 — Vvanadium Corp.... 314 — Houston Oil. 8174 +124] 424 29%§ 4 Va-Carolina Chem.. 325 1 Hupp Motor. . 1515 + 3 ]102%{ 954 8 Va-Car Chem pf. 9714 7 Ilinois Central. 86— 1 |9 8 6 ValronCoal&C... 8 60 Indiahoma.. *6 8% 5% — Vivaudou 7 — Inspiration: 32%4— 14 8% 7 — Wabash.. b7 ~ Interboro Con. B 3 5§ — 34| 2% 18 — WabashpfA. -2l — Interboro Con pf. 18 la 15 + %|13 8% — Weber & Heilbr.... 125§ — Inter Ag Chem 9% 9 — 14|72 40 — WellsFargoExp... 6l}5 5 Inter AgriChmopt.. 48% 48 4%+ 4| 113 9% — Western Maryland. 10 17 983 — 3] 193¢ 15 ~— WesternMa2dpt.. 17Y% - 13% 2014 23% — Western Pacific.... 29 6 Inter Marinepf. 81%X— 14| % 8 7 WesternUnion..... 8 — InterMotorTruck.. 383§ 333§ 35 + 2| 483 42 4 Westinghouse Elec. 48% 7 InterMTrkindpr. 034 6 26315+ 13¢] 11 8% — Wheel & Lake Erte. - 15 1B - K19 1444 — Wheel & L Erle pt.. = 58%% + 23¢| 423 3534 4 White Motor. . - 174 2135+ 3%| 17% 12§ — White Oll.. 5 - 449 44+ %] 1844 18% 4 Wickwire Spencer. = 95 104 4 B 5 Wison&Co. . = 24 8- %) 9 5% — Willys Overland.... = A% MK+ 1% 0 30 — wilysovindpt.... 4 @ @ + {114 108 8 Woolworth o 4 Kally-Springfield.s 3¢ 336,304 — 134) 684 €@ 6 Worthington Pump — Xelsey Wheel...... 84 47 M <14 # Ex dividend. 1 March 26, 1981. Net. Low. 1% 154 52 Close. Chge. 16— % 16 + 3% 5435+ 1 20 —3 B +3 06— X 1074 + 1% 104 + % 1493 + 2% 3% 100 M+ 2% B+ X% 83% + 3 8%+ 1 175 — B+ % 0 — % % 7%+ % +1 %+ 4% - K 17— % 3614 16% — 1 M4+ 1 245 + 134 107 +1 m +4 2% +2 2%— % 6124 + 14 7§%+ % 955 = 14 764 — 4 70 % 9 (] 2 16% 111 307% 23 % 6%+ % 94 9% % 5% + % 7045 + 34 B8 +5 334 25 125 1314 48 + 134 3%+ ¥ a4 37 +3y Y -1 63 — 1 M -1 353 g 12% -2 2y -1 18+ . 5314 333 — 26 343 + 33 84 +4 104 + ¥ 3% — 1% 61 +1 2%+ % 13+ 6734 + 434 105 + 14 45 — 2 B+ 1% 8 —14 2%+ 3 0837 40 — 1% “ +2 3 +2 © 2% 41y 6845 + 1 18% — 1 65 41 7% 4+ A%+ 30 4 =1 % Hu MR XXX o 034 % % 152 41734 107% + % 106 + % 31— 5§ 8 .+ 15 2 + y 2% + 13 194+ % 10 + 13 a7 1% 104¢ + 114 72+ 14 2 41 n -1 93 114 114 49 S0 141 b 0 % 125 — 1% 420 + 34 33— 3|y 1590,600; -1921—PART 1. INSTEEL MARKET Pig Iron Reported But Little Improved—Copper Firmer. Other Metals. NEW YORK, March 26.—The steal market has been steadler, owing to a moderate improvement in demand mainly from automobile manufi turers and for bullding construction. New busine: however, continues small and the rate of production both by the large companies and the in- dependents is light. As the largest consumers are buying sparingly, the outlook for the future Pig iron shows but ment so far as the volume of busi- ness is concerned, but the reduced production relieves the market of selling pressure. Copper Shows Firmer. Copper has been firmer. More in- quiries are being received and the increased activity of Chicago rolling mills resulting from a revival in de- mand from automobile manufac- turers for brass or copper products has been an encouraging feature. Staller producers who sold at the 12-cent level are said to be asking one-quarter to one-half cent advance, while there is little offering by sec- 'ond hands, and the larger producers are belleved to favor curtailment rather than sell electrolytic below 12% to 13 cents, delivered. Bxport business has remained quiet owing to unsettied European conditions. Ship- ments from Atlantic ports so far this month are estimated at 29,232,000 pounds. ‘Tin has advanced in response to con- tinued strength in London and straits, but' trade is quiet. Other Metals In Review. Lead firmer, owing to improvement in London and more interest shown by pipe and battery interests. Pro- duction continues light. Zinc was qulet, with business mostly for prompt shipment, and too small to affect the ample stocks on hand. The London firmness has been without influence here. Antimony a shade easler with car- load lots, newly arrived, offered at 5.25 duty paid. LIVE STOCK MARKETS. BALTIMORE, March 26 (Special).— Live cattl receipts continue light on the wharf, and with no surplus of top- grade stock at the stockyards the market i firm. Good demand for spring lambs, but shipments of stock under thirty-five pounds apiece are not advisable. Quotations today at Light street wharf: Beef cattle—First quality, per 1b, 8 to 9; medium, per 1b, 6 to 7; bulls, as to quality, per 1b, 6 to 7; cows, a8 to quality, per 1b., 5 to 7; thin steers, per 1b., 4 to 8; oxen, as to quality, per Ib., § to 7. Milk cows, cholce to fancy, per head, 60.00 to 80.00; comrhon to fair, per head, 30.00 to 50.00. “alves—Veal, choice, per Ib., 14% to ordinary to medium, per 1b.. 12 to 13; heavy, smooth, fat, per head, 20.00 to 25.00; rough, per head, 15.00 to 13.00; common, thin, per head, 8.00 to 10.00. s Sheep—No. 1, per Ib., 5 to 6: old per 1b., 4 to 5; common, per 1b., lambs, fall, choice, per 1b., 10 alr to good, per Ib., 7 to 8; com- mon, thin, per Ib., 5 to §; spring, 35 to 40 Ibs., per Ib., 16 to 18. Hogs—Straight, per 1b, 10 to 11; sows, as to quality, per Ib. 7 to 9; stags and boars, per ib, 5 to 6; live pigs, as to size and quality, per Ib., 12 to 15: shouts, as to size and quality, %1 per-ib.. 10 to 13. CHI1( (CAGO, March 26 (United States bureau of markets).—Cattle—Re- ceipts, 500 head; compared with week a0 top beef steers, 25 cents to 50 cents lower; top yearlings for week, 10.60; top heavy ‘beef steers, 10.40: butcher she stock generally steady, spotslower; canners, cutters and buils about steady; veal calves, 1.50 to 2.00 lower: stockers and feeder steers, 25 to 50 cents lowe: Hogs—Recipts, 2,000 head: market uneven; mostly steady at yesterday’s averdge; closed weak on lights, others about stendy; top early, 11.00; practi- cal top, 11.00; bulk, 200 pounds down, 10.60211.00; bulk, 220 pounds up, 9.26a 10.25{ pigs strong; bulk desirable, 90 to 125 pound pigs, 10.75a11.00. Sheep—Receipts, 7,000 jead; receipts today practically all direct to pack- ers; compared with week ago, fat sheep about 25 cents higher; fat 1ambs and yearlings mostly 50 to 75 cents higher. NEW RK, March 26.—Cattle— | Keceipts, 525 head; no trading. Calves—Receipts, 460 head; Veals, 9.00a15.00; culls, 7.00a8.00 | tle_calves, 5.00a5.50. { Shecp and lambs—Rcceipts, steady. Sheep (ewes), culls,” 3.003.60; lambs, : culls, 6.00a8.00. ogs—Receipts, head; 50 Light to medium weights. 25 pigs. 1 rough: heavy hogs, 1 NEW YORK BANK STATEMENT. NEW YORK, March 26.—The actual condition of clearing house banks and trust companies for the week shows that they hold 37,661,040 reserve in excess of legal requirements. This is an increase of $4,221,010 from last atement follows: 3 condition: Loans, discounts, $4,866,032,000, decrease, $85. Members Fed- 9,257,000; in- Cash In own vault eral Reserve Bank, crease, $671.000. | Reserve in Federal of member banks, $481.661,00¢; jerease, $591,000. Reserve in own vaults: and trust companies, $ {crease, $155,000. Reserve in depositaries and trust companies, $8, crease, $571,000. *Net demand deposits, 000; decrease, $30,920,000. jed States deposits deducted, $134.575,000. Time _deposits, $236,348,000; de- crease, $377.000. $34,386,000; Circulation, 00. Aggregate reserve, $499.220.000. Excess reserve, $7,661,040; increase, {$4.221,610. Summary of state banks and trust companies in greater New York, not included in clearing house statement: Loans, discounts. etc., $607,771,000; increase, $11.030,300. Gold, $6.873,400; decrease, $7,100. Currency and bank notes, $16,847,- 800; increase, $70,900. Deposits with Federal Reserve Bank, New York, $51,888,500; in- crease, $497,500. Total _deposits, $631,505,600; crease, $11,737.300. Do.: Eliminating amounts due from reserve depositaries and other banks and trust companies in New York city and United States. Deposits, increase, $10,709.500. Banks, cagh In vault, $25.454.200. Trust companies, cash in valut, $50,125,500. -_————— COTTONSEED OIL STEADY. NEW YORK. March 26.—Outaide of its steady tone in sympathy with lard firmness, cottbnseed ofl was dull and Reserve Bank in- Stat 036,000; state banks de- 500,- 2 $3,709, decrease, in- featureless all day, closing 25 points net lower to 2 points higher. Sales, 1,000 barrels. Prime crud 4.25 me summer yellow, spot. 6.00a6.50 6.50; July, 7.02, and September, % REAL ESTATE NOTES Conservative Vulufim Secured by first deed of trust on high-class yropertica Responsible makers. GLOVER & FLATHER 737 15th St. N.W. . | Commissions, brokerage, ete. . $582,- | FINANCIAL. STATEMENT OF THE (¢ ! L O the Columbia Casualty C N ork ' AUTOMOBILE e TIRE STOCKS ¥20. ne required amend- Chandler U. S. Rubber || Studebaker Lee Tire Hupp Fisk AsskTs || White Kelly Springfield | Pierce Arrow Keystone The long-expected upward movement in motor and tire stocks has begun. The enfire automobile industry is rapidly approaching normal and ris- ing stock market prices are reflecting the improved con- ditions. 7 Our Weekly Market Re- view analyzes the above, also 37 other listed securi- ties. Copy sent gratis upon request. Ask for W. S. 175. C. A. Bertrand & Co. Main Office Branch Office NEW YORK Brooklyn 28 Broad St. 44 Court St. Subweriied and s any_of February, 1 UT O INSURANCE Every kind you need 2% - = for your protection. BRADLEY, "ru‘..lZli & HOWARLY Let us quote you General Agents for the D. C. tates. Wilkins Blidg., 1512 H St. N.W. F. W. PORTER, B. F. SAUL CO. |rciden” munager: Ditrict ot Columbia and Virginia 934 N. Y. Ave. N.W. 411 Albee Bldg., 1426 Ui St. N.W., Money to Loan Becured by First Deed of Trust on Real Estate. Preva i1 interest apd comm! Joseph L. MORTGAGE 1sslon. eller §3,7 5k 2nd ¥ now i 3 0 NOTES | We own and offer, sub- ject to prior sale, a limited number of First Mortgage Notes, in denominations of $250 and $500, secured on improved Washington real estate and based upon pre- war valuation of property. An unusually attractive in- vestment for the conserva- tive investor. Ask for book- _let L and list. Wm. S. Phillips REALTOR . ENS Tsv%GS BANK FIRST STATEMENT OF THE CONDITION OF The Prudential Insurance Company of America of Newark, New Jersey. s Decer , 1920, as uired under the- Onmesut Se -MJMQ I)- lm‘ and August 18, ¢ of Calumbia Code, amended et 191 3 E 3 L1 R VT SRR RIS it e LN A o 1 {2 TR ny 0p L ar 0BT MITABE LR ETURE TAN Y Capital stock Capital stock, pald up, Gaoh o offce and fn transit h in banks and trust com) [Real estate .. eal estate morigages {first Tien) . Btocks und bonds (market basis Ccllateral loa Loans made to policyhoiders on this company’s policies assizned ak colluteral Premioms uncollected and premiums deferred (nvet). Interest and rents due and accroed AlL other assets . Total assets jNet unpaid claims on policies . | Reserve as required by law . : { Present value of amonnts ot yet due on suppiementary fife coatingen, Rorrawed money Dividends to poiley t credit of deferred dividend policies pusabie After 192 ndvance incioding surrender values &0 appiled..... Estimated amonnt hereafter payable f Cash_dividends to policyholders *Capital xtock... All other liabilities . Surplus .. Total liabilities . 5 Character of business transacied during the year 1920: Life Amount of risk assumed during the year 1920, includl Annuities issued during the year ropresenting in an: Losses paid during the year 1920, including matured claims and annuities ... Money received during the year 1920 Expended during the year 1920 (total disbursrments).... . - FORREST F. DRYDE WILLARD I HAMILTO! Subscribed and sworn to before me thik 15th HARRY V. 2407 113,519,476.04 et Y- T and Secy. (Seal.) T, Notar, of New Jorsex *$1,880.737.50 par value of the capital stock of the company has been purchased pursiant to the provisions of Chapter 99 of the laws of New Jorsey for the vear 1913, and assigned to Austin Colgate, trustee for the policybolders of the company JOHN F. DRYDEN, 2D, Superintendent, Commercial National Bank Bldg., 14th and G Sts., Washington, D. C. CHARLES H. WILL£OX, Manager, Ordinary Department, 1421 F Street N.W, ' Raising Wonderful Oranges in a Florida Beauty Spot As beautiful as the most attractive California kind and even more delicious than other noted Florida varleties, the Temple orange is in a class by itself. Leading business men and fruit growers of Florida are developlng four* thousand acres of Temple oranges within a few miles of the thriving city of Tampa. Make Your Money Make Money by Investing in Temple Terraces The orange grove-development called Temple Terraces has been planned and will be carried out by experts. Under a plan that provides permanent care, groves will be s0ld to desirable non-resident investors, at reasonable prices and on liberal terms, offering unusual profits ‘Why not acquire an independent source of income by owning a grove in Temple Terraces, without being required to give the property your personal attention? : Write for free copy of Booklet No. 37. Temple Terraces, Inc. 215 Machinists’ Bldg., - (210 TN PEEALINE I 1228002 N TBBD T PR RN W AR |