Evening Star Newspaper, April 3, 1921, Page 35

High. Low. Week eading April 2, 1921, K ~—1%21— Rate. . Hieh. Tow. Close. C 35 26! — .Adams Express.. 313, 28 T 182 13% — Adv Rumley... 75 18 i Iy chorts Are None Too Frequent. e sty Sian 3 == Ajax Rubker. 333 32 ‘ Thoughts Suggcsted. 1 ~ Alaska Gold g1 ~ 5! — Allied Chemical.... 433 g\' a 8B7% 7 Allled Chemicalpf. $§9 < BY L A. FLEMING. same. The “secondary reserve” which | oo, - R Gt 3 Stockholders in a|c9rvor.1uonl ar. WA sireet e mot e el g O e bly entitled to some clent demand to ke orned cu Ly, 3 b o e ¢ protection fo- . Fankers now turn fo acceptances of | 63 8 Am AgriChemical.. 30 AR the et 1 high grade banks. largely of New | 5l 8. Am Beet Sugar..... their investments than that furnished iy CHiago amd Sun . Francisco| g3 5 i Baachatagneto. 6 by, the annual wmecting, always| The rate from these invest- : \ = al re. ! Ments is not especially attractive in| 32 — AmCan... sparsely attended. and th(flf\ml;l ho | View of the possibilities of obtain- | g3 { 7 AmCanpf 5 & of directors and officials Who 'jnr- heier than 3% and & per cent on 2 4 5 oo ":‘, .‘.’rm, to taeir posi- | Other loans. but the funds are imme- | 127}§ 12 Am Car & Fay VRNe heem i vanct P | diately available when needed. 20 i — Am Chicle Co. 2 tigrd: as “insiders” largely by the | 'gom, “rings are being placed in 215 — Am Cotton Ol 21 peay vote. | Treasury certificates and a little more 2 ‘ % SSEi s 5 1d be taken into! Kenerous treatment is being giveni 8%, — Am Drugsist Syn 2 Shareholders should e jtake: . | mortgage loans, but the restrictions |33 PR . the confidence of the officials «nd di- on credit bave simply been relaxed. l e il rectors of a corporation at least) not.removed. 1 Am e A d even a monthly state-] Savings bank deposits are increas- | 5317 = e business conditions with the!ing and the deposits of national banks | g 7 e e . but less noticeably. | * 1 Erace and certainly with due 4PPre” |paniers are inclined to believe that| g0 — Ao Btenadioaal, . A% 4ne 25— ciation. "’ A - |they will be treated more generously 105 1 9; 9 9@+ 1 i Investors in the big corpefallods fin the matter.of obtaining a rede- Gg.: 5 Aml.:F‘ndnce o w e are. perforce, compelled tq posit of tax money to be withdrawi 14 Am Linseed. i i the integrity, good managemént and |in installments as the needs of the 815 8 A% ecomotive 88 85 3 | honesty of the officials of the cor-|government require. & w0 70 14 ions in whose shares they have! For yvears the banks bave received| 7315 4 Am Radiator. .04 : ;r;::do';sllelr money—as pariners in !denosi;l of about $4.000 t;o? annually. | 1o — Am Safety Razor... 6% 54 5 just after the payment of taxes, pa : _/ | Soibusinesy. fact the average | inz it back in six or more install-| 14 <~ Am Ship &Com. S 810 il A3 sizcal matter o8 factS cthing, | ments. And after income tax and the | 4415 & Aw Smolting - 34 3 sharcholder knows little. if anything, |ments. And after income tax and the o 4 EmelOrE Lo i about the business affairs of the O™ |4 “the banks need the cash for the| 83 £ am Sgitngn Cwoq 20% — M| poration in wh his money is SUP- | requirements of the District. 313 3 Am Steel Foundry.. 30% s | posed to be working for him. Onc | Last year was the first ciean-cut re-| g A Sugar o4 ~ 003, 91 — 3% may at least notice strenuous al-!rycal to redeposit tax funds. 1075 4 = 7 . 104 ~Lsin tempts of an oil concern of quesiion- Edueating Bankers. % S AL HUgHF D pites - able reputation to strike o_n: -.m_d ':‘_‘:3 | The work of educating the banking| 8 10 Am Sumatra & o inthese efforts, it futile, reajizc |y 200 oK the needs of America's 1085 9 AmTel&Tel... "3;5 where his cash has gone. foreign trade for large buying or- < 2 e & = The first indication of anything{gers from abroad to aid in the revival | 12556 1; Am Tobacco. . s m;i 2 wrong in the affairs of the Corpora-|gf pusiness is going on steadily, and { 120% 12 Am Tobacco (B) 13 tion in which one is m:erexl.ed hlsi;, a result more ,“b,,.,:m‘;‘on,r :':, i 7 Am Woolen. ... 7004 f dual drop in the |being received for the stock of the| .o e : 2 38y O it (i ot tne Stack ‘anil|forelem trae Ananca corpocation 39% Am Writing Pprpf. 32 svl“' then, unexpectedly. a smashing de-| H. H. McKee, chairman of the| 93¢ — Am Zine. 8 8% " cline, which emphasizes the degree | Washington Clearing House Associa_| g — Anaconda. 363 35s of the depression that has developed. |{ion. fArmly believes that this need| ,; e e cahae 3 30 v Directors should dirett. in | ternity that lagging will stop and the | 10715 6 Asso Oil. 10115 101% | They should be compelled to retain | iop¢ind of support be given to the| oo 2 s i 79 I @ certain amount of stock to hold [gia o oy iy needed. | 843 Atchison . their positions. i Money. as stated before, is in bet-| 7954 5 Atchisonpf........ Any one who thinks that the in-|ter supply. Wisely managed corpora-| z.° i Ble AR, siders in a great corporation whose |tions seem to have millions on hand. ke’ business has slumped. whose inven-| The various subsidiaries of the| 86l4 7 Atlantic Cst Line... tory has been swollen in an attempt ;tS!lmhr:_i 7gfl“C°LnD=n');M::e issuing | 75 10 Atlantic Gulf... - en-year 7% per cen! % fo maintain work and in anticipation | '3 ard "Off corporations are- well| 44§ 5 Atlantic Gulf pt of an immediate resumption of P4% |managed. Acumen and wisdom are 18% —/ Austin Nichols. ness, necessitating big bank 10ans ,ccredited to the managers. Why are our 7 Bdawin Loco are so consclentious that they Will |4y v yorrowing for ten years? | 944 Baldwin - not take advantage of their first] » ® 3034 — Balto & Ohio knowledge of these affairs to reduce | R S R 5 & Hatto s OBfo o their holdings. is giving weak human | 35 2374250 Barnsdall B nature too much credit. i | 7% 250 Bary o The railroads o(klhe con‘:lllr)‘ -:5 l 43{ 24 — Beth Motors compelled to make weekly a ;5 Steel (B) monthly reports to the Interstate 13% 384 ;B“" ee! Oommerce Commission. Even this J10ms 993 has not n\-eclk "hf"" frln;m l:::::‘l: 5 4 - and their stocks from the 2 s counter. but at least the sharehold- 1474 103‘ Bklyn Rapid Tran ers have been informed of conditions 10 67§ — Bkiyn R’I‘ctl(; with fair regularity. ' 5934 51 — Bklyn Union States and the general government i 91;‘5 P y:sru guard the banks of the nation. The | - { urn: . controller keeps a close touch on|Close Is Marked by Drive] 6 4 — Buttecopperaz. o L o e 14 103 — Butte & Superior. and.. through examination P . B under nis supervision. has prevented | Against Three Leading 18 11% — CaddoCentral l-rgehpuhbllc |mdon ng: partDoltr:él!g:: 4% 59 6 Calif Packing. sh olders or de; itors. 3 s 5 mmust swear to conditions at least Industrials. £% % - CalitPetrol.. five times a year. 71% 68} 7 Calif Petrol pf.. In Washington state banks and | By the Associated Press. 50 41% 2 Calumet & Arizona. trust companies are similarly guard-| NEW YORK. April 2—Business on % 1 i ian Pacific. .. 1133 12 112% — 1% ed from m‘lldlrecuon.m blic utili- | the stock exchange today was dull 119% 11034 Canadl nh e 05 3 3035 A td:’i"-'"m".::.w:;,y o obtain. but | and narrow, but these conditions of-| 43% 35% — CentralLeat . & g 8 —7 a letter from the president of a cor- | fered no serlous obstacles to profes-| 9 78% 7 CentralLeap 3% %, 5 — i poration to its sharehoiders every |sional traders intent upon further de- | 321, 2 2 Cerro deé Pasco. 71 two months would not be an unrea- | Preciation of quoted values. 8335 64 10 Chandler Motors. 8y WK WK —3 sonable request. Tobaccos and sugars, as represent- | '3 7, o 0% 584 8% — 134 Insiders are the first out when |ed more particularly by American Su- | 624 55% Ches & 0. . ¥ vl unfaverable conditions develop. and | matra Tobacco and American Beet 9 7% — Chi Gt Wester: 8 ¥ the story of depression they tell to'Sugar, were weak from the outset, 28¢ 13 — ChiGtWestsrnpf.. 18% mg 18 +1 their clientele. the stockholders.- is|losing 1 to 4 points on reports of ad- 3 ! = 26 24 - only after a 20 to 50 point decline | verse trade conditions and possidle( 31 2 — ChiMil&StPaul... ; in the market value of their security, | dividend revision. 46} 38 — ChiMil&StPDf. 0% 3% 3B — 4 which the directors have avoided. Losses among representative indus- 5 Chi & Northwn 6 613 62 — 1Y The greatest corporation in busi- |trials were relatively moderate until| 71 603§ ? 013, 9% it Mess in the United States makes|ioward the close, when a drive(110 993 7 Chi& Northwnpf.. 1013{ i 99 monthly reports and tells of the un- fagainst Baldwin Locomotive, Crucible 701 58% 8 ChiPneuTool.. 64 6 63— filled orders on its books ~This I8 |Steel and Studebaker. at met declines R ot i 2% 2% — one of the reasons why the United | o011, to 3 points, unsettled the gen-| 2% 225 — ChRT Pacific. . % 34 States Steel Corporation is consid- | eral 1ist. > 64 563 6 ChiRI&P6%pf. 61 508 603 + ered one of the best managed insti- Pennsylvania was distinguished I 6% 7 ChiR1&PI%pL. W NG NH— Y tutions in the world, by reason of | among the rails for another fraction- ¢ its publicity and its above-board line to_the new-minimum price{ 125{ 9 — methods with its shateholders. This|of 34, but other transportations were | y2¢ 1gyc _ did not prevent the stock from go-}insctive and only slightly changed. ing down in the debacle. but its|gaicetit SO0 Q0¥ Lol e, 8 3B — < shareholders were not deceived, as| “{ig, from an increase of $93.235.000 @215 4315 6 were some others that might' be |y, actual met deman deposits, ‘the | o 107 3 mamed. ° : house statement fail o re- As before stated. directors should | GERrRE NOUSe SSTERERt 00CC 10 157 | a0s. 261, 3 Colo Fuel £ Tron direct: they should be possessed of ! igent to the close of the year's first| 373 271, — Colo & Southern experience in the industry or acquire | iS00 "® Q00 CPN0 Ny ang discounts b it as quickly as possible, and should | 11,800,000 and a gain of 63 5 - be men of sufficient knowledge of | 3,,¢ §5600,000 in actual cash in-| 125 54 — Columbia Graph s oo e e ke aesg | Creased the reserves to almost $14- g1 ¢ 7 udge H 0. of their market. A 3 eading in bonds was nominal with | 13- - 73 250 Consol Distributor L Do Eood e "ot "53¢ | & steady tone for liberty issues and | g31; 77 7 ConsolGas..... that the siomp in Dusiness of 2920 | mant athier prominent features Total | 2% 47 _ Cons Inter Callahan 3 value). $4.250,000. It was nothing of the kind. The |Sa1es (P27 TAIGE) Jore littie retation | 213§ 18§ —-Congol Textile 1 e P e R ere many busincss | to the market, but trade surveys re-| 45 54 7 ContCan.. 54 T eratood the charnoter i the | ferred to a reastion from the Easter o 5 1 T e i peparacter of the | L Ctivity in- mercantile lines. There-| 5 1 nt Candy . o T & rieht to know that | cent cold waves, it was added, have | 7615 65 4 Corn Products : ;:E::H.Z °::- piling up debts in the | had a tendency to fllmlmr“:h' d 3235 2574 250 Cosden & Co. “% 1'nited States: tlh.:'fn:umuei was & mand for seasonal comm E » {107% 7. 8 Crucible Steel :!{ seething turmoil of uneasiness an —_— - unrest; that the nations of the world. |syye A p BUYERS INDIFFERENT. | 91 834 7 Cruciblesteel pf el other than the United States, that 8% 5 4 €nban Am Sugar. 253 Wwere participants in the world war,! NEW YORK, Apri! 2.—Apart from | ,¢° 203{ — Cuba CaneSugar. 21 ‘were in serious financial condition. !the fact that uncontrolled sugar has -~ S Cuba bane of. & That the era of reckless extrava- |peen advanced to the basis quoted by| 6775 61% Cuba Cane Sug pf... i zance—the silk shirt era. as it has!the committee, there was no feature|;p» ggii 9 Del & Hudson. 10035 1014 % Teen ed—could not go on umre-|in raw sugar on Saturday, and no|Top. TUb _ polo g niog. Rfinggi stricted; that poverty-stricken Furope |gales. Buyers were indifferent be : 1% - 15— - could not continue a supplicant for cause of the small demand for re. 4{ 1% — Denver & RG p! 4] A ’//z credit and get it, and, therefore. that |fined. All sugars were quoted on the 16% 105 1 Dome Mines.. 16 16%+ %l there must be a slump, a turning |pasis of 53% cost and freight, equal 2% ‘17 ~ Eilk Horn Coal. .. 20 204 — from unwonted activity to depres-|to 6.27 for centrifugal. % x 8% 0 605 — 3% sion. The refined market continued very| g53{ 52 5 Endicott Johnson.. %) Industry could not keep up the pace |gull and without change, at $ cents 141§ 113 — Erie.. 12 12 - W uniess there was a market. for fine granulated. hard grades, and | 14 5 9 185 18 — % Some corporation directors utterly |7.75 for softs. ng to week-end| 217§ 17 — Erie 18t p! 4 % fatied to reslize these threats un:er covering by w;..ub.ez‘reu 'and tlrad;‘l'n- 15% 12 — Erie2ndpf. B 12 ;z%— %) the ski of prosperily until they !t '8 and the ter tone ‘to 7 -5 ameeioped with » dail thud, Inugar futures were-firmer, closin 75 48 8 FamousPlayers.... :)6 ég ne= he so-called panics of 1883 andito 13 points net higher. Final bids:} 88 76} 8 Famous Playerspf. 7 were neither so =evere nor 80 iMav, 5.03; July, 5.15, and September, 9% 7 10 & 8 — 44 ." says David Forgan. “This §.17, A 15% — 34 time.” ‘he added. “we fell ‘from &o 16% 114 — < o6 13 1 1;1 heights of seeming prosperity to the e 133 — Freeport Texas..:. - depths of depression almost over NEW YORK BOND LIST. A1 = Hdug iy 15Z 34 night.” B But any one accustomed to readinw | g — Gen Asphalt.. 60 254 sizns of the times even fairly well. 5 Gen Asphalt pf. 100 +1 should have known that the fall was | 21062 | g, 6 Gen CigarCo 0 — % past due. o . Neot a Snecifie Plaint. ‘:-u=: :i.f.'flf‘ < icing . !li gen ::‘Imrtc The abuve suggestions arc not per- : American ng 2w - * Gen Motors. . tinent to any single corporution. They | i el i A e % 6 Gen Mot 6% deb. £eem to fit in many cases. but are not | § i kel pe! intended to particularize in the ! A 8o % 7 Gen Mot 7% deb. fl[r:htel-tm ot B ¥, ABAE (e | Eeliaats and OMp. L. & 6 Goodrich (BF). Nl R ek sthat ihie | Bettitehen S . — Granby Consol..... average layman should talk over his | Ceatral of Georgia Comsolidated a. 5 investments with his banker. k ntral Leather 58 88! 7 Great Northern pf.. Stockbrokers go to enlnrmm.s ey e 1st 4 Great Northn Ore pense to protact their client. 2 s % furnish ali possible statistics ! Chtcage. 1. { 2 GreeneCananea.... Jiports that ure made public ~ Gulf Mob & Nor o will obtain the current view 53 1. number of leaders on the street, but | 2 = Guif fateastas! p=s they rarely give direct advice. | ity of Parix 6 . 7 They want you to be responsible ! Colurado and Southern ref. 4 50 for your own action. and therein they | Decver and Rio Gragde coasnl 2 2 are cautious, for they never share in | Dominion of Canada Js (1981). A cither gains or losses. At that, their | Erle £ea_to ... ~ Homestake Mining. advics might be better thar lhvi.,,-"x, " tat 4 — HoustonOil........ 8 7§ 72 — 9y anker's., because they are equij 5 s — to answer questions. e | seedeta 5 1 Hupp Motor....... ;; ;;;{ My It might be a solution of the prob- | Int. Mer. Marne Ga 7 Illinois Central. Vs < 883 — ) YYFHI l?h 05[)!.‘1;(.‘0“?;!1 lnfarma'jon,'xllul ?li'bflt;erl re! 60 Indizhoma... 6 5% 53 — e banker and s | Liggett ers 5o .. tha broker. Pecifle from | vitic and Nashiiie ~ indisn Refining. 9 & 84 A Word of Eacouragement, | jiour Kan, and Tezas Inspiration. 230 g — A sadh'“nk:dded wzrd :fl:,ncouraz-. Hoe:-;- :u‘-;rm| — InterboroCon.. ]gl‘z 5‘{ 5 — ment is offered to shareholders in th. ek Con - 3 16 1414 1414 — Columbia Graphophone Company. ' | Norfolk and Western cv. 6 Interboro Con pf. 3 4 08 144 It is stated. on what seems to be | yorthers Iac » — Inter Agri Chem. ] 54 — {xclent authorits. that” there "has Doags Ehort T 5 InterAgriChmopf.. 41 %6 471 — s heen a fair reduction in the inven- | prefe nd Tel, (.8l = tory: in other words, thut the ¢l | benssyivesis Conel 7 Inter Harvester illi}. ?3 fi;{ 9‘ by the company to reduce the | Peansyivania gen - = op band, has been moderately Resdins gea-ds . i 6 52 80 504 — 134 successful an that there has b | Rey - = 2 reduction in bank loans as x e 150 Beos ant Sen Vo Bl = "‘:”'i‘:’;"‘l"'"‘“' ",‘:‘; "::,, ?:“ 3| sult. o e Inter Nickel....... &l N 3 11 Te That is something to be thankei oo b= Sol o R 593 54 — 334 for. A meeting of the directors will | soriers aimay l“"”’""" 6 ese ;5);/. = ?z‘ e held Monday. and perhaps the |southern Rail — Invincible O 55 7 r‘""‘“‘,‘fi"b AL e I | Teeni aat — Island Oil. £5 25— 3 oard w ring back some further!Tam 2 . fayorable news. | Cnited King. 0* 6. Jewel Tea 105 10 106+ 3 Many shareholders belicve that he | United States .'.'"!":' — Jewsl Tea pf. . 23 26 2+ 7 will direct. 1n 5o far as vomible. | VAt oar chemical ~ KanCitySou...... 2% 24, 243+ foney in Washington is plentiful. = » This may be news to some would-be | Wik a oo ev. & 4 KanCitySoupt.... "2 48§ #)+1 borrowers, but it is & ‘fact just.the ' sgig. 4 Kelly-Springfiel}.. 39 FINANCIA STQCKHOLDERS SHOULD BE KEPT POSTED ON CORPORATE MATTERS Have Small Protection at Best,and Mlonth- | Div. Week’s ?fice Range New York Stock Exchange Corrected ta the Close of Business April 2, Saturday, at the Office of The Evenng Star. ,: g B’ — 13 2 1 19 425 175% a 9 40 14 524 .. Ketssy Wheel Kennecott Copper. . Keystone Tire Iackawanng Stecl Laclede Gas. — Lake Erie & W 2 Lee Rubber. . 313 Lenigh Vaile 5 Lima Locomotive . loews Inc 1 Loft Inc. 12 Lorillard (P) — LeoseW 7 Louls & Nesh 7 Manhattan Ele Maxwell. ... Maxwell 1st. 5 2 8 May Dept Stores... 12 Mexican Pete. . 2 Miami Copper. i 160 Middle States. . 2 Midvale Steel. . Minn & St L (n). MStP&SSM. Mo Kan & Tex. Mo Kan & T pf. Mo Pacific. ... Mo Pacific pf. . Montgry Ward Mullins Body. . Natl Acme. Natl Biscuit. Natl Cloak & [ Py 7 2!{ — Natl Conduit. . 4975 6 093 6 44" — NatlRR Mex 2d. 9 —' Nevada Copper. 60 6 NOTex& Mex. 74 10 NY Air Brake. orfolk & Westrn. . 5 North American.... 7 Northern Pacific. 5 Nova Scotia Steel. .. — Ohio Body & Blow. . 40 Oklahoma Prod.... 2 Orpheum Circuit Otis Steel. Pacific Develop 5 Pacific Gas & Elec. . Pacific Oil. . Pacific Tel & Tel.. . 6 Pan Am Petrol. 6 Pan Am Petrol (B). 3 Pennsylvania. . Penn Seabd Steel PeoplesGas..... Pere Marquette Pere Margq prior pf. Philadelphia Co. ... Phillips Petroleum. Pierce Arrow 8 Pierce Arrow pt. — Pierce Oil...... 8 Pierce Oil pt. 5 Pitts Coal. . Pitts & West Va 1 Pond Creek Goal. ... 8 Pressed Steel Car. .. 5 3 54 4 PublicServiceNJ.. 4% 5 Punta Allegre Sug.. 31 4 Pureoil.. 183 135 Rand Mines 82° 8 RySteel Spring 11 — Ray Consol. 65 4 Reading..... - 37% 2 Reading 1st pr. 254§ — Remington Typr 2 — Replogle Steel. 604 6 Rep Iron & Steel. .. 1434 — Rep Motor Trk. 5644 520 Royal Dutch. ... 113{ 1 St Joseph Lead . 193§ — StL & SanFran. B% — StLSouthwestrn 3 — StLSouthwn pf. 27§ — Saxon Motors. . Seaboard Air Line. . Sears Roebuck. = Seneca Copper. = = Shattuck Ariz Cop.. 74 Shell Trans & Trd.. = Stnelair Consol..... 6 Sloss-Sheflield. € Southern Pacif, — Southern Railway.. 5 Southern Ry pf..... 5 Standard QIlNJ... 7 Stand ONI N J pt. 7 Stern Brospf... : 4 Stewart Warner.... = Stromberg Carb. 7 Studebaker.... 1 Submarine Boat. — Superior Oil...... 1]“25% 6 Superior Steel, 7 38 1855 21 Texas Pac C & Oil.. 13 Third Avenue...... 161 Tide Water Oil. 45 Tobacco Products. . 855 Transcontinental 363 Transue & Willms. . 385 Twin City Rap T... ] Union Bag & Papr.. 175 Unionotl. . 113% 10 Union Pacifie. 643, Unlon Pacific pr. 273" ~ United Alloy St1. 8 United Drug... TUnited Fruit. .. United Ry Invst. United Ry Inv pr... United Retail Strs. US Cast Iron Pipe.. U § Food Prod. U 8 1Ind Alcohol.... U S Rubber. . & U S Rubber 1st pf.. U 8 Smelt Refin U S Steel... U'S Steel pt Utah Copper. Utah Sec Corp * Vanadium Corp lowolowe!l lw!l leow! a8l owal awl=lwl 2Y{ 4 Va-Carolina Chem.. 5% ~ Vivaudou. 7 — Wabash 18 — WabashpfA... 84 — Weber & Hellbr. ... 4% — Wells Fargo Exp. .. 95 — Western Maryland. 15— Western Md 2d pf.. B — Western Pacific. ... 67 6 Western Pac pf. 84. 7 WesternUnion..... 98.. 7 Westinghouse A B. 3{ 4 Westinghouse Elec. 84 — Wheel & Lake Erie. 184§ — Wheel & L Erie pt. 33§ 4 White Motor. 5 2% — White Oil... 3. 5 Wilson & Co 5% — Willys Overland.... 30 — WillysOvind pf.... 185 8 Woolworth........ 48 6 Worthington Pump * Ex dividend. Week endine EGILAR IO - DECINES oW Migh, Bl *\Week’s Trading in Several! | Instances Estabiished l | Low Records. ! By the Assoviated Precs. YORK, April of the veral instances esiablisi- low reoords. { nioveient "was in st 17, trast to that of the previous weck 4lwh.n the firm to sirong underton: ! scemed to justify hopes'in many quar- ; i t bull ¢ known as the sons for th: latest reac clearly traceable to various jof domestic and foreign origin. roach of the sccond quarter of tie ar brought no eagemcnt of money | Iylrates and the un iment situation found direct ion in the lack of success exres abroad w 4 | more complex by the crisis resulting 4jfrom the strike of ‘the British coal ;| miners and the military and political maneuvers connected with the at- 1o restore the Ilapsburg rendercd 1 of better trade conditions fulfiilment, except in isolated ilroad earnings showed ir- mprovement. but the state! of the physical and financl ' fresh apprehension. industrial centers tie| feeling ruled that further downward rovision price schedules offered the only solution of a revival of de- s tisfactory invest- ! i 1 i 773 74 mand for steel and iron. In other TN 684 %68 branches of industry curtailed pro 2 luction, cont 't V. s - o6 2 2635+ 3 fguck‘a" uf °Eurs:;fl-§auf' ivrdends v e = — 3;idominant factors. ‘7%? 1"3‘, 16'7”‘ 241 Prevailing economic _conditions are 1% 1675 1675 — likened by some competcnt observers M u o -2 fto those whllc!;sgn;lrksd the severe = epressions 190 Bk e are of the opinion that recovers 1o or W MTE T — ready under way, but that further 9 37 3 - “rcadjustments” may be necessary. 11 95 05 — S 35 3K 3% 25l 4% 25 13% 13% 13% — 15% 13 1435 + 49 Mg 44— 1 377% 35 3Blg— 1% 4515 42 454 + 5% 713 671 68 — 3 6315 60 60} — 3 : = 353 34 34 — 1% i = 125 1074 1074 1ag | lightly Better Tone Given to 8 195 Market by Needs of 545 : g Auto Makers. 2635 By the Associated Press. - 38y NEW YORK. April 2.—A more ac- 8 88 88 45 |tive demand from automobile manu- = fact h % I A iently e o At D5 8 69 — 41)wise, demand’ has been limitea wrd 63 601: 613; + 3{|production has not increased. The M5 26 26 prospects of further price readjust- 2 i g ments and the question of future rail ;::; ;f’,% g}{ - i freight rates dlllcnulrlga: buying. 7 + 1% | While new comstructive demand is %6 e very limited. ; € iron conti dull 1053 104 j04% — 3¢ ;l:llluctlon llnbe';::' he':d t.o“dn :fi:’:‘- D m, as n B :,» 44 lupfllln? 0 one cares:to accumulate; 25 325 Copper has been more active, par- 2% 18 ticularly for export, of which sales 885 88 ‘were estimated at over ten million 13 it pounds. Domestic _trade, however, g 1155 has been quiet, and firmness has been 3 en, largely attributed to restricted pro- a4 @ duction. No less than fourteen com- 3 panies -have decided to close their 313 305 roperties to await improvement in 7 g [general conditions, and the April- 8% oo May production will not average over G 6415 forty million pounds per, month, it 18% 18 is estimated. The March production 65 603 ‘was. estimated at $0,000,000. With 4 50,000,000, it we 225 21 iseem there has been little or no ao- 2% 2134 icumulation. Outside of the 400,000- 275% 000 pounds withdrawn for export, the 384 37 B ailable supply in the country is 5% 41 5 About:250.000,000 o 306,080,080, 2 7 n is off about a cent for the weel o:_ i 6 in sympathy with foreign rreakn‘nl. ’s an consuming leman: s unim- R s P i = Lead has been a trifle firmer, with 6 5% 6 + 14|both démand and production light. 5 3 3@ — o] Zine is aull and unchanged. Large / 0 s and consum- 2404 %205 2% — 3|y hands operate against sevival 4“4 2 oy / otAnel\;' demn:d st Dreaeut e Z P . ntims s steady, w stocks 56 55 55 — K| De valera, ident_ of the Irish 152 148 132 - Yy ren:h'lic, has IPE;:nIDh ‘name and has | % 108 1073 10734 Spanish ‘blood in his veins. 108 105 107 +1 3% B B — 3y Pt W 331 3wy — g - S - 80 Y 7334 - 514 WM. B. KRAFT and C 8% 87 8y, — 14 1338 M. Y. Ave. e MR 95 85 9 4 14 48 +2 1235 THE ACUTE 75—~ 14 «x; - 15| COPPER SITUATION M5 amg— g g 24 2735+ 8 Practically all of the big 2951 1855 195 + 3, copper companies through- 165 165 165 — out the country have closed 4735 45 43¢ — 14!}, down their l‘x;in%s ando sus- nY% 9% 10 — 12!} pended dividends. ver w55 s 4 3 32| 900000000 ‘pounds of the red 45 4 45 45 || metal arc reported to be on 2% 0 m hand, unsold. The situation 213 1974 2014_ is indeed a serious one, and 182 o 1 concerns every holder of 61" “‘ ‘ég;/i; copper securities. 3(;:!_ We hgve prepared a spe- % 41 cial circular analyzing this 102 -2 unusual situation o‘cfl "Eo ef= o fect on copper st Py ":‘"" % will be sent gratis on re- f;’fi = l” quest. Ask for No. 125. Ms— 1 wiz ] C. A Bertrand & Co. 66 — 230 Main Office Branch Office @3; — 334|] 25 Broad St, 44 Court St, § 100 — 14 New York Brooklyn 2% — 335 o 8l 152! Build an Income | 1095 — 151 WITH YOUR SAVINGS 463{ — 1 |Through Our zo -Payment Plan| 105 — 3| You can buy high-grade 2814 — 214 i dividend-paying securities and pay 30 — 124{for them in small monthly install- 65 — 1 { ments. Write forkI:o’okLe.tl A e e mvative N ln-g‘:l Basis 0%+ 14 SCOTT & STUMP 1254 34| Stock Exchange Bldg., Philadelphia 61 + 34 97§ — S 5 vl </ PETER PERKINS -2 Became ;s Investor - Aln 8 875+ 135 9% %93 . g3 — 1k 9% M7, 47 0 8 B+ 14 162 15 155 — 14 s 40 a1 — g 8% 14 15 41 Wy oy ey -2y Bls 8 85— 35 34 32y /- M 14 114 51 4815 442 l \‘. FINANCIAL. 75 RFAL ESTATE NOTES Con:ervat ve ‘Valuations TIZENS “:!v%ss BANK Commercial Acrounts wred by @rat deed unt on bigh-e operiicn. Respouaible makers. GLOVER & FLATHER 15th St. N.W. mont Nerviee 1336 N. Y. Ave. l Mcney tq Checks . Cable Tranafers Foreign Currencies DUPONT NATIONAL BANK 2 Franklin 4424 On Parle Francais Century Withcut aLoss Getting to Work Putting vour money to work where it vill do the most good is the surest way to hasten prosperity. can help to relieve the shortage in Wash- 7% ington by investing you. sur plus funds in our 7 per cent First M Notes First Mortgages. Money in- Irs or age 0 vested in them assists in the Now on Hand building of new homes. In Amounts of $250 Up to $5,000 Now is the tinfe to invest. but - only in securities that are abso- lutely safe. Don’t take chances and speculate with your sav- ings. We look after all d and ranteed titles with At the same time vou have an absolutely safe investment for three years, and one that pays you 7 per cent every six months. In amounts oi $250. B.F.SAUL CO. Mortg-g'e Loans 934 N.Y. Ave. N.W. aeten ‘Chas. D. Sager 923 15th St. N.W. Loan Dept., M. 38. EVERY POSSIBLE FACTOR IS AT WORK NOW That makes for civic growth and greatness in the natio: capital. Invest Your Money Now! We have a number of First Mortgage Notes of $250.00 00.00 or more.All bearing interest at 7 % ri. Payable Semi-annually Titles furnished with each note without charge. B Ask for Booklet and list WILLIAM S. PHILLIPS Realtor 1 1409 New York Ave. N.W. Main 88 _MPeopleWishtoBuy: I ot ~ 1 ‘WE HAVE ON OUR LIST: ; . 1. A group of men who want :o.a;.ses}:sxoo.om to $1,000,000 in a_waterpower project in the midd'e svest. 2. A man with $25000 fo invest in: a ness in the southeastern states. —We Have Othen— These Plants Can Be Bought: 1. A STEEL, IRON AND BRASS CASTING PLANT, carry- ing patent ‘rights to a quick-Selling and profitable device in common use in Virginia and the Carolinas. Price, two-thirds of the appraised value of the physical property, including equip- ment. 2. AN ELECTRICAL SPECIALTIES PLANT, carrying patents on standard apparatus. Can be bought for the bare value of the fittings, machinery and stock on hand. —We Have Others— THE ENGINEERING BUSINESS EXCHANGE Southeastern Branch ;manuiauuring busi- "M. 0. LEIGHTON & COMPANY, Managers National Savings & Trust Bldg., Washington MA!N OFFICE: 30 Church SIree','Ne' York T A Tropic Splendors On the banks of a historic Flor- ida river, near where De Soto landed on his voyage of discovery, four thou- *- sand acres of oranges in one body a few years hence will be producing fruit. This enormous citrus development now well under way will all be planted to the new Temple orange, the merits of which are all so outstanding and unusual that N the trees are in demand far exceeding the supply. The fruit from Temple orange trees sells for prices far higher than can be obtained for even the best of the varieties previously introduced. In the Boston Market ‘not long ago Temple oranges brought $27.00 a box. Temple Terraces, Near Tampa, Florida * The World’s Greatest Orange Gro ves o Temple Terraces are favored by nature with all that enters into the profitable production of oranges. ; k Here the most expert and successful citrus specialists of Florida are joining with ban! ‘business men to develop groves in the most economical and scientific manner. Investors from a distance, unable to oversee orange prop- erties in person, will be accorded the same opportunities and protected in the same way as are the resident owners. Write for Beoklet, No. 37, deseribing “Temple Terraces.” > Temple Terraces, Inc. 215 h_hchlnlsts' Bidg., Washingtou,.D. C.