Evening Star Newspaper, April 7, 1921, Page 25

FINANCIAL, - 25 CI ZENS SAVINGS BANK e FINANCIAL., THURSDAY, APRIL 7, 1921 THE EVENING BTAR, D. C, n Stock Exchange | SETTING OF PRICE STANDARDS f;@:;:,{:;;g;“‘ “| SEENIN NEW YORK CARPET SALE Linotype—1 WASHINGTO! 5 - CITIES SERVICE SECURITIES Open at 8:30 AM. Every Banking Day INSURED INVESTMENTS—4 Bought, Sold, Quoted SUPPOSE you were the victim THOS. W. BRAHANY & CO. B AFTER CALL. P 4 ! Gas 7 s 100%. ° ° ;:,., A hll’:'v‘!':‘ymm[x:erl“{:.e“.flrq Jou Investment Securities . | o -~ 11 Evans Buil, (e to it el |Average Reductions Go to 35 Per Cent Columha Natlonal Bank | PRkl SIS 1L rany Omiing $5: Bid and Asked Prices . . Seim e * _ BONDS From Last November List—Situa- Sapiat 911 F Street Surptus, g 000, 0004 sy reason of the political position = = 2 5 of the Capital OCity, Insured Boxes tion in Other Sections. B LIBERTY BONDS . Menaty Sinse- elsewhere in the United States. BOUGHT AND SOLD FOR CASH ment Servies ol Y. Ave,| :4 b Pt serser b e P et 1, Mg Worth a Great Deal Liberty Bond Exchange | - | War. hav ! 5 y miv Tonions of mpe-| ¥ot ‘f.:r:y?.:’.‘ o ity s st and A checking account is worth a great deal to SWARTZELL, RHEEM & 4 th St NW. | e b | o e e ey Gl otion miors you in convenience, security and business pres- HENSEY CO. 2 indications as they really exiat, are e i It bles you to draw your checks on a printed only in The Star.) _ The Senate finance committee is mak- tige. enables e a e e Mul ot Gl good bank, such as this—gives you the privilege 727 Fifteenth Street N.W. W xton, D. C. THE NATION’S HOME TOWN. eral tax laws. The pressure for the Special Dispatch to The Star. sales tax as a substitute for the excess NEW YORK. April 7.—The sctting | profits tax and the heavy levies under of price standards for the summer t!u; mrr;\-y;e tax ‘(da gn;lwln: dul'ub.v d':;;. s and, while considerable opposition and fall scasons goes on apace. JUSt| o\ expressed to it in Congress, the now it is carpets, and, as was the | it NPT o be turned down withe case a fortnight ago with hosiery, re- | out an exhaustive inquiry. Thomas A. tailers themselves are having a voice | Edison Is the latest recruit to the sales dvocates. in the matter by active participation [ 1% advocates. in the auction at which the Alexander| NEW YORK. Aprll 7.—A survey of Smith & Sons Carpet Company is dis- the clothing trade shows a decidedly op- posing of a stock that is large enough( timistic view of the future. (It is and ('lmr"pr""em“fi' n;no‘\lxxh to be an r-mnu-d that the buyers' strike is Ectualifactar inthe (rade definitely broken. and that the public firs! of th le s rices s shaded From one-quarter 1o omerthird | apparently is willing to buy largely at from the Spring 1St issued last No- | prevailing prices. The early spring has vember. Yesterday saw the average | been a great boon. reduction imereased to 35 per cent. —— n Sloime and Stephan Santord & Sont | INSTIIRANCE i s s st St e 9k | TNSURANCE EVERY POSSIBLE FACTOR IS AT WORK fall lists with average reductions of Comblaed Els. Toot and Lty 20 and per cent. Ford, $50. Price Recessions Eisewhere. WM B KRAFT & CO. N O bb i Maio 803. e e B Price recessions appeared this week || 1336 N. Y. ave. in still another quarter—a quarter where unusually high levels were reached during the inflation period. The reference is to the custom tai- lors, who have made substantial cuts. An odd retlection of the buyers' strike is to be found in this action, which has been described as “not so much the result of price resistance on the part of the consumer as it is of of consulting expcnenccd bankers concerning your own business perplexities and establishes your credit. I Our officers will gladly go into details with you as to the scope of “Columbia” service. Compound lnterest Pah; on S-vings 3 o You can open a Savings Account at this convenient Bank with as little as ECUADOR In 1919 Ecuador's total ex- ports to the United States amounted to $2.008838. In 1919 her exports to the United States had reached $7,500,603. ALL AMERICA CABLES ix one of the great forces as- JOHN L. MERRILL, Pres. sisting in the development of Cable Office, 1126 Conn. Ave. commerce and friendahips g between the nations of Telephone Franklin 1169 North and South America. “TRUST COMPANY. Security and Trust...°221 > i 137 Sf‘a h&n- Sereet That makes for civic growth and greatness in the national FINANCIAL 2 : Invest Your Money Now! INDEPENDEN(E : ‘We have a number of First Mortgage Notes of $250.00 and| $ 11 b nterest at 39 not how muchyou casn 500.00 or more.All bearing i al ton Losn and Trust. - SAVINGS BAN ‘ommerce and Sav East = A First Mortgage Bond determination to wear clothes out un- 2 til prices are more reasonable.” but how much you accu- 3 Per Annum It was said in these dispatches last muhte 3 p) that wage reductions in the 0 P bl S A ll ° - a trades in the city proper z o e were likcly” lo come about through Place Your Savings in ayable Semi-annually 1 throwing up a bulwark of lower scales - by ¢ ties and then strik Conservative ! ; ; . le lng 4 (0] ing inside this bulwark. Evidence of Titles furnished with each note without charge. R I A L the accuracy of this forecast is to be . 3 : e fant vt who procesctas| & FArst Mortgages X Ask for Booklet and list now appeared in collateral industries. we > 2 Laborers in the brick yards up the Combining Safety with Hudson river have just been notified . that” thelr pay is 10 go back to the 1919 scale, a reduction o o 87 ln a day. while barge captains are fo be 0 terest . Realtor cut from $165 to $125 a month. vi- - o 3 R usly this course is headed directly Denominations 1409 New York Ave. NW. foward 'the’ men employea on con-|& gjo0 $500 $1,000 3 Svatims iy w. 5. 5 4 0+ | California Fruit Growers menta"Cpon Reament May Find Blessing in Frost The F. H. Smith Co. Temptor Corn and Fruit Products Company First Mortgage & Collateral Trust Serial 8% Gold Bonds Due Serially From 1922 to 1931 BUSINESS The Company is the largest producer and distributor v BY LYNN C. SIMPSON. Investment Department Dispatch to The Star. 3 815 15th St. N.W. in the United States of preserves, jams and jellies made SAN FRANCISCO, April 'l—Wlule it An; ;4 is oo S00n o Eauge accurately (he g it R from corn syrup. damage done by the frosts this week | %, a in the frult-growing sections of San |idetetsddoded oo dlolb pdrip ooy, SECURITY This issue of $1,500,000bondsisa FIRST and CLOSED MORTGAGE on the Company's plants valued in ex- cess of $5,717,000, and is further secured by a deposit of $1,000,000 Serial 8% Notes of the BEST-CLYMER COMPANY, a subsidiary, which notes represent the only outstanding indebtedness of that company. EARNINGS For the five years ending Dec. 31, 1920, have averaged Joaquin and Sacramento valleys, it is certain that the raisin crop has suf- fered seriously. Because of the fa- vorable weather conditions ¢he vines were well advanced, and the frost dam- age is likely to prove heavier on that account. Peaches, almonds and other delicate fruits have been badly nipped by the frost, and it will prove a blessing to the industry as a whole, as the out- look for a market was not good, in- Investments asmuch as the crop, until the present 2, o Y . s__ . " = R Ay ERysEnTioations §f sl Resolve to Join the OURmleldualrequlre- over $1,200,000. Maximum annual interest charges on Cherry Shipments Soon. Egquitable and Save Sys- ments are the most im- this entire issue of bonds is only $120,000. Annual Cherry shipments to eastern mar- tematically. . 150.000. kets will begin to move within the iF you adopt this Dlan of eaving yen o maturities, $150, . W Next ten dayer The GRerry Crop ap- T D ara 2 o s portant factors in your parently has not been injured by the o i | SR o i o et hiprients choice of securities. We DENOMINATIONS $1,000 AND $500 Gramds OR" . g ’i* Frenichyneay alced cut Shicte oftlor e 2 § Prices According to Maturities to Yield About 8149, Hecla *. 2 3 : th e Do L R g It’_e"e_flce - Complete Circular on Request e ey n riets Bt o Month our o nization in con- WE RECOMMEND THESE BONDS AS AN ATTRACTIVE INVESTMENT > R s S i = | Sers, $250 Pur Mo prschiie . - announced that the movemen rin: g g o umierboihy il and vaicrhas S your patticuay CRANE, PARRIS & COMPANY B, i i aoitions | | EQUITABLE BUILDING, investment needs. Sl ; 1% 19" |and preparations are under way for 915 F St. N.W. . . 823 Fifteenth Street 2% 3 |the reopening of other plants. W Teleph. in 593 214 :a": Farmers' Congress Interests. JOHN JOY EDSON. X elep! oFe M‘ln 2 %, | Gaifornia producers are watching - Established 1883 1is 2% | with intense interest developments of t Ref 1397 g4 (the farmers’ congress An Chicago. Oph 10 '3 !The principle of co-operative market- ‘&' Corneils . 13 18 (1nz is v;]ell e;lahli“h?(rl l:A l(hlb state, e 2 A% | mentagencics has been exerted to as- i Oil 4% 2, |sist in forming the growers' organ- %fit o1, s B4 |zali3n5,l One man‘wf‘u informed on , o J 0] of t 3 - + i éa’mi'.’.‘i(,’,..?"‘gi’fé‘: that 5:1‘:5"1’5,‘?';;. Washington Office 2 b tract and compulsory deliveries were 7 . W% {m alvadon o7 e Srowers o the Guaranty Company of New York By | "Builaing activity has_ inoreasea 811 Fifteenth Street, N. W, g ?mw““‘ ,2?;;“' pine ""‘"‘"h L 111 Broadway, New York 5 ropped t . el t tl l, o 2’;2 a5 Sompared with $22.50 for February Telephone, Main 5815 2513 |and $55 & year ago. Questions U. S. Prosperity Depends on Export Trade NEW YORK, April 7.—There is & dis- position here, in the very heart of for- eign trade, to question the extent of the statements made at a big export trade gathering in Chicago Tuesday that the prosperity of the United States is de- pendent absolutely on export trade. It is true that the fi of the war period show a tremendous value of American goods shipped abroad, but the conditions, it is admitted, were ab- normal and may never occur again. In normal years the cxport trade of the United States largely is in food- stuffs and this trade wiil continue to just the extent that the world needs 100d and means are found to pay for it. Irving T. Bush, president of the Bush Terminal Company, joined the discus- % Gorman v, 4n. 13 | 408 today wita this statement: German gov. Krupp 4= Who -as our prosperity is de- Wi mw.n L. & Trust H-n Aniline 415 ~|.‘ pendent upon our export trade. Might _]osephI °“°"nm 9th and ¥ a.w. e e AL EL Ges. 4125 19:] | it not be well for us to return to our Mein'ger Rank 3 15 * | old condition of the most self-contained Preuss Bask ta'” 13% [nation in the world? America, with s - 2 s higher and more contentment Vienna 4s. workers than any other nation, compete with the world in price in those commodities in which much 2| iabor is involved. In most things the 9% | only method of competing with Germany and ngland will be through lowering ales and standards of iving.” Washington Office | COLORADO BUILDING ‘Telephone Main 1003 G. B. CHIPMAN One of the Oldeat and Best Kmown Banking Institutions in Washington. The Largest Savings Department of Any Bank in Washington Open Saturday 5:30 P.M. to 8 P.M. Lincoln Said: Let us have faith that right makes might, and in that faith let us to the end dare to do our duty as we understand it. I O d L I ol you would be at peace with life, ‘ provide for the future with sureness that is absolute. - 3 There will be no shadow of uncertainty Know Thyself =y of the country is the fact that high- for your family, no clouds of misfortune —_— grade goods are moving in good vel- A business ma h ld FOREIGN E: ume, while elow grades are all but un- n H H 1 e mXcHANGR. R This coufition or ibe max: sele] threatening their future safety, if you French Prem. 5 British vie. 4 B L OTES. iy e ffl: CHICAGO, April 7.—A distinct fea- Beiftan Pros. %% 71 | ture of the retail trade in this section ket is sing considerable reflection. the general buying ! know his credit. Next week or next month your business may require a loan. Will your banker ask time to in- vestigate? Thismight cause embarrassing delay. Come in and talk with our officers, with the view of establishing your credit. Sm..e.«nm.n.u. Budapest .. appoint this company your executor and trustee. OIL STOCKS. Quotations furnished by W. B. Hibbs & Co. Save—But How Care- Noi At fully You Invest o8 17 0% o0 Coristiania Stockholm Amsteriam ", Belgrade . == 4 Montreal FAILURES SCORE RECORD. NEW YORK. April 7—Failures and assignments for the first quarter of 1921 according to the Credit Guide have caused greater losses than for any like period in the history of the country. There were 5,155, with lia- bilities of approximately $200,000,600, While the number of such defaults has been exceedeTNIy twice—in the like period in 1915 and 1916. Failures for the first quarter of 1915 were 7.310, with liabilities of about $110,000,000, and for the firat quarter of 1916 were | 3/andard 01l Sids, with liabilitics of about 367.- | Nixiiary 0l Anglo-American Ol Co. (new).. Funds invested in our 7 per cent First Morlgagu offer ab- solute ' security of principal and certainty of interest pay- ments. * AMERICKN . SECURI’M&JRUS’HCOMPANY 15th, Street at Pennsylvania Avenue HOME SAVINGS-BRANCHES 7th Street and-Massachusetts Ave., N.W. Eighth and H Streets, N.E. 436 Seventh Street, SW., In amounts of $250. B.F.SAUL CO. Mortgage Loans 934N.Y.Ave. N.W. The cancellation and return evil id i 50 greater. in-every respect than the e ‘Staggering. losses through fallures, S e 4, survey indicates that such lomscs % 1w aggregated oyer §1,000,000,000 in 290 =6 the last six montha. &t0 Ol ‘2 2