Evening Star Newspaper, April 5, 1921, Page 27

FINANCIAL. HOPETOMAINTA TPERGENTRIVIDEND Capitat Traction Presideft Writes to His Shareholders. + Want Tax Deposits. 3 BY L A. FLEMING. ‘With their dividend check ¢n stock | Am Tce pt in the Capital Traction Company for | Am International. the-first quarter of the year and the |Am La France. 103d quarterly payment by the com- pany, shareholders roceived a circularf am yocope. . letter from George W. Hamilton, precident-of the corporation. The president cal the increased carnin company during the last two years. the result of the higher rate of fare ardered by the Public Utilitles Com- mission, and said that they had ena- bled the corporation to Write off losses of previous years, dinsto the enforced retirement of sigle-truck cars, the wrie off amounting in all to about $800.000, “The details of these transactions have,” seid* Mr. Hamilion, “been known to you through the annual re- ports for the two years named. This being accomplished, with net earnings adcquate for the purpose, your dir tors declared the dividend for the first quarter of the year at the rate of 7 per cent per annum, instead of 6 per cent, as herctofore. “If, as we hope. the present favor- able earnings maintained. divi- dends at the rute of 7 per cent will be continued. We are pleased to report that fi- an 1 and operating conditions are isfaetory.” Holders of C will unquest holders in \ ariou be pleascd for a nlt" ass Ilr'\nt‘L from the management. To Seek Tax Momey. At a meeting of the Clearing House Association, held yesterday afternoon, ‘W. T. Galliher. president of the Ameri- can National Bank was appointed a committee of one to wait on Secre- tary Mellon, with a view of secu & redeposit of tax money in the banks| Chi Great W pf. of the District. For some years this has been the task | Chi Mil & St P allotted to Mr. -Galliher and he has al- ways been successful up to the last re- quest, when he was turned down. needs of the government being too £ent to permit of placing $4,000,000 with the bamks, to be withdrawn in install- ers believe that they will _this year, Railway preferred touched 60 again | Col Graphophone. today. the high record for the year|(Col Graph pf. An early transaction|{cCons to date. ‘was made at §9ia. The general list was decidedly slow, with Traction 5s firm at 87% and the to:lxc ©of the same corporation selling. al % Lanston was a little easier, at 72% | Cont Cand: and 72%. The Lanaston meeting will not be Gu-flm&co...... held for some time. The earnings for the year 1920 will not show under | Cuban-Am Sugar.. 26 per cent met and not over 23 per|Cuba Cane Sugsr.. cent. In view of the big earnings|Cyba Cane Supf The chances for any such action are the ‘m:h:y of the well man- of the day is to keep strong in cash resources and med- Erie erate in dividends until the return Ffl-"‘l’!u-v of normal timea Working em Big Corporations. Announcement is made by John Mc- irade on the soundest businoss Jes. s being carried on without with gratifying evi- tion's committee on policy, Mr. Me- Hogh states. is _a @istinct step in advance, to facilitate the formation of the corporation and the undertek- ing of its essential task with appro- priate-capital at the appropriste time. The on policy M Warburg of New York, John Mitchell of Chicago. Philip Stackton, of Boston, E P Swinngy of City, Mo, snd F, O. Watts of St Louis. The esmmittes on Wllfl’ will detee— mine when ndred. millions capital stoc i ar s corpora~ tion shall be called and when the begin operations, [0 divitsnds. Gross sulcs wure 73, after deprostution aad property taxes, ot 3508002 1 29 emoant- od th $540.08%, Thatoss CAtter dividends” on- hoth classas of stuck there remamed & sur- Plus for the Scar- of 3644,151, and o total profit and loss surplus of §6.604 - after daduotion 6f 10sses on prop- srties and_securities sold and wppro- primiions for reserves. s wore henvy hree per eent cd attention to|Am Smelting. received by the | Am Smelting pf NEW YORK STOCK EXCHANGE. Received by Private Wire Direct to The Star Office. 4Jax Rubber... Allled Chem!loal Allied Chemical pt m Allls Chalmers. Am Agr Chem. «u Am Beet Sugar.... 8 Am Bosch. . . 6% Am Brake Shoe... 48% Am Brake Shoe pf 91 AmCan..... veeee 3% Am Car & Fdy..... 131% Am Cotton Of1. a%k . 9% Am Linseed. . ® Am Locomotive... 85% Am Safety anor 5% Am Ship & Com e 6% T Am Steel Fdy. 9% Am Sugar. 90 Am Sugar pf. 103% Am Sumatra. 4 Am Tel & Teleg 106 Am Tobacco Am Tobacco Am Woolen. Am Wrmng Pr L. Atchison pf.. Atlantic Fruit Co ATlantic Guif. Atlantic Petrole Austin Nichols. Baldwin Loco. Balto & Ohto Balto & Ohto pf. Barnesdall (B). be | Coca-Cola. given. more generous consideration | Colo & Sout! chary. foderal taxes to |10 paet rentes, 571 francs 40 esntimes. Fx- ckasgn on London, 55 francs S4 cen- tiDe®; O per cent loans, $3 francs 96 crniimes. The dollar was quoted al 4 franes 28% centimes. — e CANNERS ARE OPTIMISTIC. &.T!H(mh April 5—A nmote of ism for the camming indust Hml;:‘ w38 sowmied in an =4 Strasbaugh, prectdent ;m Natlowal Canncrs Assceiatfien, I-&rw the Seimiiar Ciub. ary fand caam the country #a this ,,1..-,,. he #aid. “and wh : ¥ of dress our peopl honest gave figures showing ihat volume of busin es done in this tixte Tast year surpasscd That of any other wtate. Ll LEBERPY BOND NOON PRICHS. LD TORK, April 5—Liberty bond at noom touy were: 3l wg— first 4s, $7.50 bid; scoond "pit; fiynt 4745, $7.54 wecond 434, SPE ird 4% 3 wictowy 3%s, 97. BAR STLVER QUOTATIONS, m !nn.x, April b.—Bar sfiver, m foretgn, 56%; Mexican ? theee monthe’ bills, € per gcent. — oum- Fu-nullmum 28 a-i6atiy Reth Motors. . Reth Steel (B) Butte Copper-. .. Butte & Superior.. 1% CaddoON..... 1m4 California Pekg... 59% California Petrol.. 42% Calumet & Ariz... 42 Canadtan Pacific.. 112% Central Leather... 36 Central Leath pf.. 74 Cerro de Pasco.... 20% Chandler Motor... 8% “hes & Ohlo. . 8% Chi & Alton. 1 ing | Chi Great Westn.. T% 174 Chi M1 & 8t P 25% M Chi & Northwn pf. 9% re- | Cni Pneu Tool...... & he | Chi R 1 & Pacific.. 26 ni R1&P6%DL.. 0% fle Copper. . 10 Chimo Copper..... 2% 3 - o ColGas........ Cigar.. Cons Gasof NY... Cont Can. Corn Products. ... Crucibie Steel. Dome Mines. £lk Horn Coal rie 24 pf. Gen Cigar. Gen Electrie...... Gen Motors. . -§='§=;i*i;!iz"5=s5§fl==9'§;*§=5=3iz=sa§=;:5 T HECRL TP PR T EL R LT ELAL B Tndl Inspiration. . ... nterboro Metro... Interboro Met pf.. 1ntl Harvester. 1nt! Truck 1st pf.. Jewei Tea. KansasCity Sou Kansas CSou pr.... Kelly-Spring Tire. ‘39% B(fl'f"'ll 135508, ¥359%3535 3 Moxican Pete. aliami Copper. 4dle Statse Ofl. . L .vale Ftecl.cees 3on &StL(B)... o Kan & Tex. e Kao & Tex ‘o Pacific Bf. Sontgamecy Ward Nati Biscult. “ailConduit. suameli N Y 5 i & Hart... NY Ont & West... ol N Y Shipbuiding .. % Norfuim« WStrR.. 96 Northicen Pacifc.. 1% Ohie Body & Blow. %% Ukianoms Pred... % Untarie Silver. Orpueum Cirer OLis Steel. . Uwens Bottls o Pac Devell nt. l‘uuul‘m . ARG Pere Marquetts. .. 17% Fhila Company... 32 PhilipsPeiraleam 2% Blotoe-ATrow. ... 5% Fierce Oil- . poeeeer 9% Eierce Ol pf. n FitteCoal. ....o-.. 61 Foad Creek Cosl.. 18% Pressed Steel Car.” 8% Fublic Servet NJ. 6 Puliman Ce. Pure Uil Rand Mines...-ee. 3 Kay Con Copper. .. 11k HeadiRg. .-.e-aeee 68 Boading 15t Bf.... 41 Kep iron & Steel.. 6% Remington Typr.. 50 Rep Metor Truck.. 16 Hejy i Duiel Joseph Lea StL& san St L & San Pr pf. 8t Louis Seutawn. ‘20 264 Btm[ldq'mpl.. a7 a4 Santa Cecilia % 3 Bavage Ar Saxoun Mote: sforge, 738 5 & 2532 RS 33523809500 a3228 0y, El ¥ 9 0% 8% n e o % u% ¢ 0% L) 145 ok 8% 4% u (3 1% £6% 2% . 10 4% o 2 K o% “« 7 1% ‘58 n b3 o% v 1% 10% s wh 5 6% 3616 "% 13 2% 0% 2 . B n 18 108 2% © % Rid ok wh 1% 16% = %6 Wl orisie, 1 Sears Roebuck. Seneca Copper. 1% Shell Trad & Tran. cotc 0% Sinclair Of1. . 22% 23% Southern Panific. . w4 VA% Southern Ratiway. 20% 20% StandOflofNJ... 150 150 180 150 Stand O{I N J pf. Standard Milling, Stewart-Warner.. ren o1y 6% Stromberg Carb... 35y 3% % Studebaker. . . i Submarine Boaf % 8% 8w Swertorstesl’ ) @ @ M Temtor Corn (A).. 1@ 12 12 Tenn Coppar, ™ TH T TeandCompany... w0k 4% 4 S&Pociflc... 21 21 20% -r Am&PCRON. 7% 28% 21% :h:‘rd Av;’nu' B 1% 12 18% “hacco Prod. wh g% s% 6% ::1 St rz:&(T'v\pr. 6 15 15 16 2ns Contl 41 10% 1% 10 10 ;A"w'(n (;:rvz'rra . 4 .32 46 6% nion Rae Paper Mm% 5 % nlon Of1. g o T m nfon Pact; 116 Tnited Aty Steel. 20% Tnited Drag. Tnited Fryft. T'nited Ry Invpf. . s3% 'nited Retall Strs. 49 USCast Ir Pipe... 1m% ™S Rubber 15t pf. 0% 101% U S Smelt & Ref. e .2 U S Steel pf. . Utah Copper: Utah Securit Vanadium Corp... 29 30% 29 29% Va-Car Chem. . 0% W% 0 6% 6% 6% 6% % T % Th Wabash MA. eee. 20% 204 20% 20% Webber & Heflbron 12% 12% 12 12 Wells-Fargo Exp. 60 60 60 69 Western Md. 1010 9% 10 Western Facil 26% 21 26% 21 Western Unlon.... 8 s8% 8 8% Westhouse E& M. 474 4% 7% 4% White Oil..... . I15% 16% 154k 16 Wilson Company.. 0% 40% 0% 40% Willvs-Overland.. 8% 8% B8 8% WooIWOrth...ocee 14% 1144 1144 114% High. Low. Last. Call Money..... 6 % 5% HOURLY SALES OF STOCKS. MONEY RATES SOFT. MARKET FIRMER Call Loan Rate Off to 5 1-2 Per Cent—Coalers Show Strength. BY S. P. WEST. NEW YORK, April 5.—The chief in- cident of primary interest in today's markets was the drop in call money rates to the lowest of the year. The renewal on standing loans wae re- duced from &3 to 6 pervcemt, which was the figure prevailing-for a week or %0 in Jannary. For such sdwances the rate fell for the first time t0.6% per cent, thus bringing the regular money markst more into line with transactions on the outside, which have long been well under the rates fixed by stock exchange officials. In January the 6 per cent quotation wes not justified, as was very soon proved when banks in the interior drew down their New York balances and brought about a state of com- parative tension during the first ten days of February. NEW YORK April 5—Butter—Flrm; packages. EEE to 91 score), 45:;..5154 Paciing stock, carrent make, No. 3, 2] oo Trregulhry racatpte, 28785 casos; Fresh gathered extra firata, 29352807 firsts, 26%a29; state, Pennsylvania and nearby western hennery whites, firsts to extras, 31238; state, Pennsyl- vania. and nearby western hennery browns, exti do.. gathered hru-n’..&gd mixed colors, firsts to ex- %; store- et iy voalsta, $168_boxes state whols milk fiats, held mpeeials, 2712a29; do., average run, 25a26%; state, whole mii flats, fresh lnsdlll, 231 224%3 do., avernge run, But now, with the ledarll reserve ratio wp to nearly 53 per cent—some seven points higher than It was then —the sftuation is quite different, and there is no question about the present decline being fully justified, with the lowest schedule of rates very certain to continue, Strong' Early. Although the easing of the money market was an influence helping the stock dealings of the day, it was a fact that the stock market had accom- plished the principal part of its recov- ery before the money market opened. Thiw would have seemed to Indicate the rally would have come about any- way, regardleas of the course of money. An object lesson was given of what a large part mpeculative operations for the decline had played on previous days, It took the market no more than an Hour to recover the losses of near- ly & week.,This was a practical-dem- onstration that the recent bear raid- ing,;: whils |t ‘succeeded temporarily in forcing prices down, brought out very littla ‘real liquidation. Recov- ary was very gemeral, taking in the rails a1 well-as the industriale. -The street to tzlk more hopefully of the eforee being made at Wash- ington to solve the: rafllway wage queation, and there was more ofa dis- position to accept the view that in the end settlement would be reached through a compromisé which would lower wages by perhaps half” what they wers increased last summer, while, at the pame time, revising downward the present rate sched- ules. The British strike situation ye- ceivtd less notice as & possible fac- tor in finanoial.calculations. One or two London specinitios, like Royal Dutch, wers weak at the start, sub- sequently rallying. Pittsburgh Coal and other coal shares were bought. Coal Stocks, Coal shares wore all strong again today. a8 they have hesn aver sincs the 1 ning of the Rnglish coal uying of Pittsburgh Coal and k| ihe rest Is based on the assumption @4 1% b | 1 PN that there will be = perious inter- ruption to eoal production in Great Britain and that this will ercate a |larger foreign demand for American coul. From the pelnt of view of Amoar- ey ican producsrs it would hs most for- tunate if increase in the export in- Zisa | quiry were sufolent to take ap un- 2% 10 71 1% u used stooks, which have for some tim- been in excess of domestic require- ments. Pittshurgh coal, to be sure, had a very prosperous year in 1920. ‘Tt had a surplus of $6,484,000 after the al- lowance for depreciation, dividenda and taxes, and {ts total profit and loss account en December 31 stood at over $30,000,000. This result wag ac- eomplished after marking down the inventories to meet the declife in prices which ocecurred tn the closing months of the year and emtirely liquidating the item af_bitls- able. ut the chairman of mn-:?‘( M h:r coal nl while Igbor ‘board, 1921, made the point was lower and transpertation better, ihise advantages were not lumclnfl! to offset the deeresas In prices and the redueed gutput; apscula- tive view, which: 1:- mmwhl ln of the last ja the market that the English eeal -mn serve Lo tide Amerioan oompanies over the present depression through ex- w e the caport demsand. N TODAY’S BOND PRICES. Woon-pricen Teported to The Star over direct | Seaboard Afr Line Ctiy of. Paris 6x 1921.. New York-Washington wire by Bedmond & Co. Bouthern Pacific st ref. 4a.. Southern Pacific com Southern Railway gen. 24 e e French Government Ss.. American Tel Armour & Co. 4% Atchison, Topeka a: ¢ ‘Cuast Line Grain, Produce GRAIN AND PROVISIONS. Fouthern Rallway Ga Unfon Pucific 1st 4s. Unlon Pacife cony. de. eBRBABR2R N3N son & Co. 1st Ge. SHORT-TERM SECURITIES. (Reported by Redmond & Co.) W rica 072, o Ame: n Tel. & Tel. 6s 1 . 7 e | American Tel. & Tel. 8s 1924.. 96 963 | Bethichom American Thread Co. 6s 1828. 94 25 Cratral Leather D Amarican Tobacco Co. Te 1931 100 100% un\-fl ln Tobacco Co. 78 e ri Sa. 7o 103 0% 100 86 8% 0% 100 28 96% Bethlehem o8 ;WY 3 155 ¢ | Bethlehem R o7 0714 Chicago Northwsstern Ts 2 | Canadian Pacific 6s 1924 it % g o Eacifc refd. s, 0. o 3 Chicago Union Station 61 103% | Chicago. B I & Pacific G 1R2. 84 97 | Consol Jated Gas Ts. A it o 1929.. 88 8 Delaware nud Hudso | 0% 100% Erje general lien 4 Cudahy P: iy 99 Genperal Blectric 6. B. F. Goodrich ul" 201, Iilinois Central Gly Gulf 0il 4orwrluan Ts 1933 Ofi'g Eed H. 7! flfi' Hocking Valley 6s ID"A‘:‘”, :.‘. puirville and Keunecott Copper 7 5 z Wiatourl, Kanaas and T5iax st Fiect & Myers Tob. 6 % 98w i Peuna. Co. 4'4s, June 99! Procter & Gamble Ts 1! 100 1004, ne Norfoik and W Y 934 Rortolk 2 N S o s i3 2 e ge 7 Pe L‘.’mwmlm 88 | Sincluir Con. Ofl Ts 1926 1% 9614 | Southern Raftway da 1622 96 1013 | Southwestern Bell 7s 1925, g‘,z_ 963 " Louis uud e R " Louts and San Prancisco 6« 78 A & z‘-m‘l s Fraacisco inc. 8. Western Electric 7s 1925, 9% bosrd Air Line refds. 87 | Westinghouse E. & M. 7s 1 9914 and Live Stock LOCAL WHOLESALE MARKET. BALTIMORE, April 5 (Special.— | Hggv—Strictly fresh, per doz, 24; Potatoes—White, No. 1, per 100 1bs.. S“&'bt'm L i M ve pouliry—Roosters, per ; 75a1.00; cobblers, 75al.0 turkeys, per b, 45a63; chickens, micks, 50a75; No. 2, . Sweets, | spring, per 1b., 80a90; hens, per Ib., 35; bbl., 3.00a: \nms 3.50a4.00; ] keats, young, each, 60a75; chickens, per 2 0. winter, per Ib., 50a60. No. 2 and culls, 2:503.0 | D poultry — Fresh killed Beans, green. pearl and waX, Perispring chickens, per Ib. 9021.00; hens, 0. Beets, per bunch, |Der : roosters, per ib., eys, :.::npe:_p;::gag per doz., 30036.\)&5 }S’;;T;. 50a58; chickens, winter per Ib., % hamper, _ 1.00a1.2! : (‘u’;-“)‘r‘r?:fre“ et box, 4.00a6.00. Pork—Dressed, small, per Ib., 15a16; ery, per crate, 1.50a3.00. P'gzolnbnl, rg;dflrln*unn heavy, 10a13; live hogs, % 0. Kale, per bu. Der crate e per basket, 2.00m 12LAYe Slock—Catves, crolce, per b 100 1bs., 75a1.00. lambs, choice, per Ib., Eios, per pasiket. 4.00a5.00. " Peppers, | Green fruits — Apples, per bbl. 3008 5 - wi ) orate; 3.5025.50. ~Radishes, per bas- | 303 per basket, 75a1.00. Tomatoes, per-crate, per bu.. 60265 3ad. bbl., 3.0026.00: per box, pl::xm per 100 lbs, 1.00a 2.50a4.50. Oranges, St gk Ry e 1.5026.00. Spin- ach, Rhubarb, per bunch, Appies, 150a3. 00; (‘nvefrnil. per box, qt.. 3060. Selling Pricen at Noon. Wheat—No. 2 red winter, 1.66; No. 2 red winter, garlicky, 1.48%; April, 148%; May, 1.51. Sales—Bag lot of 100 busheds, at whart, at 1.37 per bushel. yellow. 3.50 per m-m new corn, m"""_" ”%' Aw‘ll 69%; tnck corn, yellow, No. 3 or better, T Corn > Nome. Oats—No. 2 hite. 49-por bushel: No. 3, 47 per bushel. Rye—Bag lots of nearby rye, quality, 1.40a150 per lmlhz‘ western export, hel. = Hay—No. 1 timothy, nominal; stan ard timothy, $5.00a25.50; No. 2 tim- Sthy..24.00a24.50; No. 3 timothy, 16.50a 21.00; No. 1 light clover-mixed, 23.00a 22.50: No. 2'light clover mixed, u,%- 21.00; No. 1 elover 2000221 L3 clover mixed, 16.00819.00; No. 3, 13.00a16.00; No. 1 clover, 17.00a18.00; No. 2 clover, 15. m‘x.uo No. & . ample hay. 0021 16.00; samp! spot, No. 2straight Straw—No. : e aa rve, 17.00: rye. nominal; ligooT tang live) £1.00; No. 2 tangled rye, 16.00; 12.00a13.50; No. 2 wheat, ILMIJL.’MT No 1 oat, nominal, 18.00a1850; No. 2 oat, 16.08a17.00. CHICAGO, April 5.—S8entiment be- came a litile more bullish today n the wheat market after imittal de- clines due . to rains In Kanpsas and Nebraska, Subsequent advances were associated with gossip that new wheat was already being contracted for by interests. Smallness of the visible supply tended sllgl!e: alues. Opening prices, W] o v!‘l’nln%dum.l'bl kead— J'I-ly im 1.15% °L1i% to v noderate setbacks a round, and the 'by a rise to well above yenurday. finish. Corn hardened with wheat. After opening unchanged to % higher, in- ng May-at 60 to 60%, the market cu‘.odlud i Irft‘ and then scored-general gains. Oats were mvemed by the action of. other starting % off.to % up. July 38% to 39, then receded some- what and later had an upward .slant. Higher quotations on hogs gave firmness to _provisions. Subsequently an- opinion , becime prevalent that rainfalls had been 5o heavy as to remove for a long time any likelfhood of a dry weather scare. A8 a result, July wheat fell to the lowest price yet this seagon. . The close was heavy, 1% to 4% net lower, with May 1.36%a136% and July 1.103a1.11. Later, despite scantiness of arrivals, corn sagged again when wheat turned downgrade. The close was weak at the same as yesterday’s finish to % lower, with May 59%a59%. V. — . Cl WHEAT- Qo Hub Iow Ooe. — Iy 117" 1oy 1ion .3 5% - 50% 6% @% 68y a8y - 37 3% 3% 38K 38 DAIRY MARKETS. BALTTMORE, Md., April 5 (Special).— Young chickens, alive, per pound, 30 a40; old, 35a37: old roosters, 20; springers, 1% pounds and. over, 55a60; winter, 2% pounds and under, 45a50; ducks, per pound, 32a40; turkeys, per pound, 35a50; pigeons, per pair, 50a55; guinea fowls, each, 50a85. Eggs (loss oft)—Strictly fresh near- by, per dozen, 25; southern, 24; duck eggs, 30. Butter—Creamery, fancy, per pound, i prints, 49511 nearby creamery, 20a25; rolls, per poun 3 . 28a30; process butter, 28a29; store packed, 17a18. | CHICAGO LIVE STOCK MARKET. i CHICAGO. April 5 (United Statesy bureau of markets) —Cattle—Re- celpts, 9,000 head. Beef steers opened slow, steady to 25 lower; early top. 976 bulk, 8.2629.50; butcher she atock oponed steady, undertone weak; b fat cows al heifers, 5.25 belogna i 081 un s steady; bulk’ beef, bulls, calves, stcady; bulk vealers, 7.50a8.00% stockers and foeders, steady. I Hoy ipts, 17,000 head. Slow, lLights, 10 to 15 h'gher; r ney Atandy te 10 hiph moezly stend with yesterday's average bulk of 200 pounds down, 10.00a10.25 bulk, 220 pjounfls up. 5.80n9.60; pigs, scarce, strong to 25 higher; b sirable. 10.00a10.25, Sheep—Reoceipts, 16,000 head. Lambs, steady 1o 25 higher: sheer, teadv, wooled lambs, top, 9.75; bulk, 8.76a 9.50; shorn, top, 9.00; bulk, 8.00a8.75; #ood 108-pound shorn yeariings, 6.4 choloe 172-pound wethers, 6.75; ewes scurce, wooled, top, 6.50; chofce, 100- pound shorn ewes, 5.65a5. _— COTTON MARKDTS, NEW YORK, April 5.—An advance in Liverpool, attributed to a more hope- ful w' af the Britiah. llhorcwlnn and ‘favorable Manchester trade ports, wes followed by an’ apesing! a(umnpoimlnueuu- ere todxy. Thers was re- ncth"n -lll:s. nm caused llll.i ra-el'bn. aftor the eall. the W ".-...4""" “"..."“"““" .W'J-’a?i-"' Pl and Liverpool Ateady: May, 11.80: b December, Futures anen July, O by loral manager of the-association, California lemons, per box, 3.50a4.50. California oranges, per crate, 4.00a5.00. Florida oranges, per §rate, 4.00a4.75. Grapetrult, per crate, a5. Venuhlu—?outues. nearby, No. 1, per bbL. 1.50a2.00; northern, per sal 2.25a2.50; sweet potatoes, per bbl, No. 5.0026.00; No. 2, 2.00a3.00; yams, per 2200, Cymblings, per crate, Florida, 4.00a.00. Spinach, per bbL. '2.00a2.50. ‘Kale, 75al®d per bbL Peppers, per: basket, 4.50a5.50. Tomatoes, per box, 4.00a5.50. Onions, .25a1 NEW:ORLEANS, April 5.—Explana~ tion ot\tho activities daring the stx he existence of-the Southern Pina Au!odltlon featured the address . Rhodes, secretary and gen- J at the organization’s annual convention_ here. “The Southern Pine.Assoclation,” Mr. Rhodes in;his address, “is an or- ganization established.and maintained for the'purpose of advancingiby every legal and proper means the weifare of Lh.xm manufacturing {ndus-- try of'the south,.and thereby adding 'to the pmperfly and” wealth of all the-people.” INCREASE.IN'FAYLURES. NEW YORK, in-business failures*is shown for the first quarter of 1921 in the re R. G. Dun & Co. Fallures so year totaled 4,870, involving an aggre- gato Indebtedness of $178,589,989. In the same quarter last year there were 1,627 insolvencies, with an Indebted- ness of $29.702.499. INSURANCE Combtned Fie, Theft and Lisbiuty. Dodge, Ford, WM. B. KRAFT & CO. 1336 N. Y. ave. Main 598 Cl .,AvaS BANK First Mortgage Notes Now on Hand In Amounts of $250 Up to $5,000 Now is the time to invest, but only in securijties that are abso- lutely safe. Don’'t take chanoces and speculaté with your sa ings. We jook after all details and furnish guaranteed titles with all notes. Chas. D. Sager 923 15th St. N.W. Loan Dept., M. 36. Attention! Monarch 0il Co. Stockholders News of great importance c¢on- cerning the com- pany’s new merger and present finan- cial condition can EQUITABLE CO-OPERATIVE BUILDING ASSOCIATION Organized 1879 41st YEAR COMPLETED Asse: arplus . Resolve to Join the Equitable and Sauc Sys- tematically. ST {00 adope e plan of saving sou will lsed and ted flth The revutts Shtermed 0 S Subscriptions for the 80th Lssue of Stock Belng Recelved Shares, $2.50 Per Month EQUITABLE BUILDING, 915 F St. N.W. JOHN JOY EDSON. President FRANK P. REESIDE, Secy. RTY BO BOUGHT AND SOLD FOR CASH Liberty Bond Exchange 604 14th St. N.W. ApPTfl 5.—An increase| Secured by high-class real thia | ble the amount borrowed. Partial Payment Plan By mvcstmg your surplus funds in our 7 per-cent First Mortgages you lay a founda- tion for the building of an in- dependent income. You can start by investing $25 and -secure 7 per cent on every dollar from the day the payment is made until ma- turity. We shall be glad to give you more. detailed information upon request. 934N.Y. Ave. NW. You Receive Interest on Your-Investment-in FIRST MORTGAGE NOTES .estate valued at more than dou- All detailshandled by experts, who can best maintain the safe- ty of your investment. Any amount from $100 up can be placed and interest will start at once. Full particulars gladly fur. nished. y A3 8 | SHANNON & LUCHS, Harriman & Co. MEMBERS: New York Stock Exchange 111 Broadway, New York § N N N N N N N \ N \ \ N N N N N N N N N \ \ N N N N N N N THE EVENING STAR, WASHINGTON, D. C, TUESDAY, APRIL -5 192% FINANCTAL. CITIES SERVICE COMPANY | Bankers’ Shares { Monthly Distribution No. 26 ' 0n the sist | RS T, * ana Augast rnrnm-rovmu—— eonur l'l! THE -a -r e t of Heary (hat The twenty sixth monthly distribation Citien Service Company Bankers' Rbares. pay- | Cash in office sble May Shares cente per Banker L Doherty & Compa: announce 3 2. 1921, to helders of Bankers® of record April 15. 1921 ers’ Share Cash Money to Loan Secured by First Deed of Trust on Real Eetate. | Preval Joseph 1 Reserve ings interest and commisslon. jeller §2 Weuh. L & Trust C . Subscribed and sworn to befere me this 16th onservative | day of "m", : Investments The April issue of Cas- INSURED INVESTMENTS—4 satt Offerings lists a | select}-:' of 'inveftmem 'sc,m.: you weee m-r‘vlfll- securities which, in the o ';’w',';",_,,,’;‘,‘ light of our half cen- f | o galnal’lots of moncy and tury’s study. we believe | form of robbery. meet every qualification | for conservative and prof- itable investment. Kindly esk for Circu- lar 3-14. CASSATT._¥ CO, 4 ST. PAUL STREET BALTIMORE New York—Bittaburgb—Saranten ‘Washington Office § COLORADO BUILDING Telephone Main 1603 G. B. CHIPMAN Manager £ e o, LA oA A L be had by writing or calling. - Booklet 446-G NEW financial book- let has just been pub- lished by S. W. Straus & Co.—the House which has a record of 39 years without loss to any investor. This booklet shows how you can secure complete safety for your savings— - in baok will be 35| Real estate mortga Interest due and accreed LIARILITTES. ired by law....... d earnings of business OUE First Mertgage Ratee en property are. HORACE L. BEALL. Secretary. | elowhere in the United States. HENSEY CO. ‘Washington, D. C. Capital and Surplus, $2/000.000.00 Encouraging Thrift WE have helped thousands learn the paying advantages of thrift, and are now serting practically. one-tenth-of all the people in Wash- ington. {1 If not included among -our-over 41,000 depositors, come in and begin an interest-serving account. posits-af® welcome in any amount at this strong o'd bank. National Savings & Trust Co. De+ 55¢h Oldest : Savings Depository in Washington Year NOW That makes for civic:growth and greatness in the nation: ital. COR.:15th-and NEW YORK AVE. Invest Your Money Now! We have a number of First Mortgage Notes of $250.00 and 0.00 or more.All bearing interest at T %o v Payable Semi-annually Titles furnished with -.fich note without charge. Ask for Booklet and Main 98 1409-New York Ave. NW. list l As in farming, so also-in investing. For as good seed brings forth good fruit, a good investment wisely chosen brings con- tinued satisfaction. Anp just as the farmer has certain guides to aid him in his seleGtion of sced, our April Se- curitics List is a guide to securitics deserving consideration. Trus list represents the result of careful an. alysis backed by our experience and informa- tion. We shall be pleased to send vou a copy. Kindly ask for Circular ML-381 Natipnal City Bank Building, New York Washington—741 15th St. KW. Telephone—ain® 3176 § { €5 | SWARTZELL, RHEEM & | 727 Fifteenth Street AW, THE NATION’S HOME TOWN.