Evening Star Newspaper, May 31, 1921, Page 25

FINANCIAL. FIRMTONE SHOWN INHOGAL MARKET "Bo--Great: RActivity and No i StocksPressing.to Sale. .. i A Survey. Resfness-or the looal stock ex- ¥hanga conttmes to-move-very slow— 3y. “The public-utility shares seem to Favé a monopoly-of what little trad- there is, while bank stocks sel- om show on the sales list and other Securities, with the possible excep- 0f the typesetters, are rarely men- winned. a rule securities are held firmly. t whil® there is no material in- in de.nand. the offerings are all pressing. at 63; no ilway preferred, firm <ommon soid. The preferred shares » ex-dividend today. One sale of pital Traction stock was reported 8. This, With a sale of Washing- n Gas at 11l completed the utility tock transactions. Mergenthaler brought 121. In the hfl'n( section, Potomac h!er‘- nent was made on change | of Daniel Fraser. one of ahe oldest members of the exchange. Personal Mention. ul Bank. and hier of Frank Har- Merchant. b -turned fo th, desks this ning. after being out for some °S through minor surgical opera- Zions. Guaranty Trust Survey. f business conditions in has just been com- aranty Trust Com- in ¥ 'u,.r calling attention to the ortance of the acceptance of Gar- af the terms Impossd by the s treaty. the survey s of the gravest consequences “f ihe general economic depression United States, as is n_other countries, is the widespread unem- Plovment.” According to the most re- Yabie estimates. between 3,000.000 and are idie in the United and. contrary to general unemploymeni has increased rather than Ppast_month decreased during the ment of the of industry better cnmulative effect of lacs ment than cessation of in the curtail Eroups affected outs are costi A day in wa; #pproximate wonsequence of nvoluntary i and lock- £1.000,000 empioyers a day as a refusal of work- th to accept a fair wage Not ‘every proposed waze nable, 8 var wages their is rea- but when a group of work- insist on helding to extreme contention is not nwell founded. Such resistance to the free operation of economic which are gzoverning and combel Rhe present adjustments in indu &= rutile” Increased Building. The survey finds some satisfaction ®ver increased building calling attent <ontracts in t states for £22 Some improvement is fou usiness outlook, the streng of underlying conditions rat o stry any general betterment | Credit is easing and money is more available for the needs of business. The: survey. however. finds that further liquidation is necessary. as “the cost of borrowed money is one ©f the added reasons for the higher £ost of the Zoo Peaceful * economic readjustments mre sadly needed and until accom- plished there will be no great bet- =L o Washington Stock Exchange. | SALPS Potomar Eleetric cons. 56—$1.000 at 86 Washington Gas Lizht—10 at 413, 10 at b Mergenthaler Linotype—1 at 121, AFTER CAl Fo Bid and Asked Prices BONDS PUBLIC CUTILITIES. - Bid Asked. n Tel. and Telga. 4s. % W Americaa Tel, and Telaa, 4 5 ZAm. Tel and Tel. ctl America Toi; and Tel. cns. 84 Anseostia snd_Potomac 5s... .. Anacostia. and Potomae guar. Cheaapeake and Potomac Capital Traction R City a0 Surburha Mecrotitan K. K. Bleciric o STOCKS LA MIsC ang 0rs. COMPANY TRUST nevican Security and Trust nemal Trust )-Naviegs and Tru Trast Fatioual Tawn -— g TTTIE INSURAS THe MISCELLANEOUS e otspe it |-mQL Market com. pid Dutcy Market pfd SEx-dividend. FINANCE AND TRADE. NOTES. Only eight new shipping and allied papies were formed during April ith amthorized capital of $5,000,000, mpardd with $,650,000 in March, 21. wpdd $175,835.000 in April, 1920. ho anese parhiafment has passed g ack providing for the introduction Bf he metric system in that empire. China ddopted this svstem in 1913, “wilf now become widely employed O 1 trade The ligycott at Buenos Aires is now an_god and the zone has been re- i With ussurance tha: non- be ailowed the port. mem- stevedores’ and cartmen’s -d 1o return to their du- on_workers would not engawe in-work at of the re than modities. increases are Qifferant kinds S—a hundred per cent .med for gome articles. { Cont Candy forces | | Kennceott. THE EVENING STAR, WASHINGTON D. 3, 191 FINANCIAL, INEW YORK STOCK EXCHANGE. Received by Private Wire Direct to The Star Office. Open. Adams Express [ Adv Rumley 15 Ajax Rubber. Alaska Gold Allied Chemical AllisChalmers. Am Brake Shoe. Am Can.. Am Car & Fdy Am Car & Fdy pf. Am Chicle Co..... Am Cotton Oil Am Druggists ‘Am Hide & Loa. ‘Am Hide & Lea pt, Am Ice.. Am International. Am Linseed. . Am Locomotive Am Safety Razor. Am Ship & Com. Am Smelting. Am Smelting p Am Steel Fdy. Am Sugar. Am Sugar pt Am Sumatra... Am Tel & Teleg Am Tobacco. Am Tobacco (B) - - Am Woolen. .. Am Writing Pr pt. Anaconda. Atchison. Atlantic C!t U'fl! Atlantic Fruit Co. 'Alllnncbult | Atlantic et roleun ! Austin Nichols pf. Baldwin Loco. I Balawin Loco pf. . Balto & Ohio. Barnsdall (B) Beth Steel (B) Booth Fisheries. ... Bklyn Rapid Trn. . Bklyn Rap Tr ctfs. Butte Copper. j Caddo Oil = California Pcks alifornia Petrol. anadian Pacific. . Central Leather. .. Central Leath pf.. Cerro de Pasco. ndler Motor. les & Ohio. . Chi cat Westn. . ChiMil&StP..... {Cai Blii & StP .. Chi & Northwn. Chi Pneu Tool Chi It 1 & Pacific Chi R1& P 6% pf ChiR1& P 7% pi Chile Copper (_h no \,up,}nr raphophon. ) Tabulator Cons Intl Cal Min. Cons Textile. Corn Froducts. . .. Corn Products pf.. Cosden & Co. . Crucible Steel. . Cuban-Am Sugar. Cuba Cane Sugar. . Cuba Cane Davidson Cher. .. Del & Hudson. . Denv & Rio G Denv & Rio G pf 5 | Dome Mines. -Juhu(on Famous Players Fisher Body.. Fisk Rubber...... Saston Williams. . Gen Asphalt. . Gen Asphalt pf. Gen Cigar. Gen Electric. | Gen Motors Gen Motors pf. Gea Mot 7% ceb. ... Goodrich. Goodrich D’ ureat Northern pf. Great Nor Ore. Greene-Cananea. . Guantanamo Sus. . Gulf Mo & Nor Gulif MO& N pf. ... Gulf States Steel. . Haskell & Barker. Houston Oil. Hupp Motors Hydraulic Steel. indiaboma. . Inspiration Interboro Metro Interboro Met pf. . Intl Agri Chem pf. Intl Harvester Intl Mer Marine. .. Int Motor Truck. Intl Nickel . Intl Paper. { Invincible Oil. island Oil Jewe! Tea. Jones Tea.. \ Kansas City bou j Keily -Spring Tire Kelsey Wheel Lackawanna Steel Lake Erie& W.... Lake Erie & W pf. Lee Tire & Rubber Lehigh Valley Loews Inc. Loft Inc Loose-Wiles Lows & Nash. {Manhattan Shirt. . arket St Ry prpf. Ow Pac Gas & Elec Pan-Am Pete (B). Pennsylvania Penn Seabd Ste Pere Marquette People's Gas. . Phillips Petroleam Pierce-Arrow. ... Pierce-Arrow pf.. Pierce Oil. *itts Coal . Pitts Steel pt. Pitts & W Va. Pressed Steel Car. Pullman C - Punta Alegre S Pura Oll. Ry Steel Sprpf. Ray Con Copper. Keading . Remington Type. Replogle Steel. Rép Iron & Steel. . Rep Motor Truck Royal Dutch. . St L & San Fran. StL & San Frpf. St Louis Southwn. 8t Louis Sown pf.. Saxon Motors. Seaboard A L pf. Sears Roebuck. . Seneca Copper. Sinclair Oil. Sloss-Sheffield. Southern Pacific. . Southern Rallway. Southern Ry pf | Stand OIl N'J pt. Stewart-Warner Superior O3 Superior Steel. Tenn Copper. o Porto Rico Sug. 1% 677 70k 23 1% 1T P 4T High. a 15 28% 2 s Bk 8% 10419 40 8% a1t 4% 12% Tu 4% 14 S 4% 15 ot 32 28y 62'9 £ Bre 4ity B2t 4% Low. “Close. Open. High. Tow. Olose 41 41 |TexasCompany M ¥4 ' 15 15 |Texas& Pacific... 21 24 2?2 [Texas&PC&OI. 25 % | Tobacco Prod % o 42 | Trans Contl Oil oty 932 i% 21 | Union Oil. 2z 481y 48 [ Union Pacil 120% 121 6% 36%: | United Alloy&leel 28 28 @ 41 |United Drug.. FTR Y 29% 20%|United Drug 1st... @ @ 1221 12 | United Fruit. 109 108% 108 | United Retail Str: 0% 201 20%|US Food Prod.... 20% 20% 19 19 |USIndus Alcohol. 664 664 6% 6% [USRealty 2% 12 12 |USRubber.... ] 53 53%|U S Rubber st pf. 1% 101% 6 66% 65% |USSmelt& Ref... 53 33 3 8 4% 4% |U S Steel. 81 814 9% T 0% 0% |US Steel pf. - 108 108% 0% 107% 8 8 |Utah Copper W 4 583 5% 6 [Vanadium Corp. 81 s1% s 8L 94 94|Va-CarChem..... 20% 30 29% 29% 4% 44| Vivadou. .. 8 8 8 8 7% 7% | Wabashpf A. 2% 2% =2 2 20% 29% | Western Md. 0% 10% 0% WK% 81 &1 |Western Md 2d B 1% 191 98 98 |Westhouse E&M.. 46 46 46 45 59 59% | White Motor. 3% 38 B 104% 108% | White Oil B 1B B 125% 15 | Willys-Overland.. 8% 8% 8 8% 1%5% 125% | Willys-Ovid pf . 364 5% 64 2% Worthington Pmp. 9% 4% 4 4% 31 9% High. Low. Last. 51 Call Money..... Ts 7 T4 % (] HOURLY SALES OF STOCKS. 5% 1lam 146 000 12 m. 214 200 st 1pm 256 000 2 p.m. 330 600 62 i T 5% i | 10 24 85 6% 4t 44 2% 124 0 &~ 3t Tdw [ 58 42y 42 14t 114 | {H iDeclines General Through- | out the List—Rails Are a0 Fairly Steady—Notes. 42| NEW YOREK, May 31.—Hesitation :: and uncertainty marked the resump- 2% | .,., \ nl n.‘ 38 'Ih “inancinl community has put much 167 ) 52 | 97 % T4 | 18 | 1 61t | ke O B4% 705! 1244 13 £l M | 4% | 1 | !l 20 e 38 | 35 | 20 | 46% | 13 2% 0 6% | 13 | 148 45 o, 42 1802 | 12 46 changed since Frida him j ings reports | with the expect | auar { this dividend ix passed it witl b {or not there may | preesion * | widely accepted. on of trading after the three-day :k exchange holiday. In the main movements continued to be af- d more by the immediate trade outlook as evidenced by price cutting the motor industry and doubt as to and other directions range outlook, the orable aspect of which had not price Railroad stocks were an exception, influcnced doubtless by the knowi- that tomorrow the labor board nnounce the extent of the wage effect on July 1. st on the exact extent of the saving to be effected in this direction, generally accepted figure of 10 to pe having been received with 'more or less disappointment. Jt must be evident. however, to any one who studies the April earn- thai another factor has cue which, working cd wage reduction, no mall the amount of the will eventually go far to solve this difficnlt probiem.” Sweeping econ- omies 2dy put into effect and fall- prices for fuel and materials are e to the r matter how ping turn operating deficits into income, even at present wage tevels, Rails Comparatively Steady. Of course, there are now and al- reilroad: witn indi- aps too great to be any aid which will prove majority It is hard ssperiiy in store for land ads But i nprovement seems to be as- nd cd th ness of railway Ol stocks were inclined ~to be |3 heavy. The passing of tie usual ¥ dividend by Oklahoma Pro- {ducing and Reflining was not a.help- -ature. Aside from this. ghe logical survey's figures showim that petroicum supplies had con tinued to pile up for more than a year were not calcalated to induce buvinz of oil securitics. The quam- tity of crude oil now in storage is stated to be the greatest on recerd. Moreover, during April production cintinued to increase. amounting t. 41,000,000 barrels against 33,600,000 a year ago. Sugar shares werz definitely weak, [the Bsame conditions obtaining as have ~controlled the industry for Today. also, there Was renewal of skepticism’ as to the ing next month of the dividend Cuba Canc preferred, notwith- ctanding assurances from quarters ich ought to be well informed. 1f an- sday's market apparent) by the comparative steadi- ¢ shares. months past. a R R 2, { other illustration of the easy way | 7 which industrial profits of the war riod take wings and fly away Lither that or doubt as to whether | he depths of de- i still unsounded by the sugar-producing companies. Motors Easily Raided. Motor stocks continued to be the sport of the bearishly inclined specu- lators. Operations were purely pro- fessional They had the eut in prices announced by the makers of the Buick car as ammunition. Foreign exchange opened weak and then rallied, sterling selling at 33.8 off 23 cents, and francs at 8.27, abou! the same as Friday's close. No new was thrown on the causes for recent xlump in sterling. but the w that it was due chiefly to op- i tions preparatory to reparations pavments by Germany was more SUGAR MARKET QUIET. W YORK, May market was unchanged early for centrifugal. with bags of Philippine, free. The increased 31. —The raw|( n er. has caused consider- i tion among holders of 4 » are awaiting the . ~ toward purchases, includis tment on the basis riff. futures , were easier 4 liquidation. with to 11 points net of the new 1 4 for refined was un- £.00 for fine granu- and was moderate t was announced tetanding eon & would ced in order to comply wi increased duiy. The market w. | prices at midday showed gains of (60 points, or’ Just about the increased duty, with only a small business reported 31.—Prime mer- exchange, irregu- bills and com- on bank Guilders— Demand, ‘34,201 R.42 34.30. Argentina Demand, 1 Brazilian— 12. Montreal, 123 per cent discount Giovernment bonds irregular; rafl- road bonds easy. Time loans, firm sixty days. ninety days, six month, 6% per cent. __STEAMSHTPS. Mount Vernon Steamer Charles Macalaster Tth Street Whart Leaves Dally Except Sunday Quotations furnished by W. B. Hibts & Co. Astna Explosives An; Awmeriean_Candy Atlantic P!flnle'lm NE 2 Liberty honids | sot ”'bf t' B ,“ = Hig Heare at noon: first is. 8744 bid " second 4 1%s, = AP EQUITABLE 15 P Il Co-Operative Bulding b S % i Association r an > at T COMY m- Serviee (new 28ty Ast YEAR COM} ::-Jm:x Evice pa. D 1 | Surplus umbian Pmeraid A 2 i 5 . Cotumbiy Srndicate Doim | Now’s the Time to Join ‘onsolidated. Copper : L Gresson Gold . Do m | the Equitable Dominion 0ii P o Thousands have adopted the : 23y 24 systematic savinz plan of the %1% Equitable and have accumulated | % qi, most substantial sums. ® Wt Ten Year 6% Gold B A Subxeriptions for the 1| 5 ea 44 | Ten Year 69 ends § 81t Issue of Stock % 15 Due May 15, 1831 Reing Received B 2 A direct obligation Shares, $2.50 per Month % A% of the Province of 4 Per Cent iInterest i CURB STOCKS. hed Ol O EERPTY 55 Cudahy Packing Union Carb Satisfactory Invest- ment Securities Are NOTES Which Will Net You 7% Interest Free from the worries of risk or loes, conservatively secured on improved city property. Gn:‘ml?od titles furnished with all notes. Property in- sured against ioss by fire. We aitend to collecting and remit- ting interest the day due. No Expense to Investor Call Main 98, Loan for Complete Details Wm. S. Phillips 1409 New York Ave. when placed by Main 2345 Secured by Pirst Deed of Trust on Real Batate. oscph I. Welle R Harriman & Co. Z Prevalling interest sod eomm! comm berion. r 420 Waeh. L. & Trust bidg.. Oth'and F n.w. MEMBERS: New York Stock Exchange 111 Broadway, New York Washington Office COLORADO BUILDIN Telephone Main 1603 Give-up busiess invited G. B. CHIPMAN Manager /0PI A Deposit § i Boxes at N § ! Moderate N § | Rentals N| N! N N { Rate of § i Interest N! : % Paid on § ‘ Large and § l Small N § i Accounts. NI N! N| NI N N! N N! N S, LIBERTY BOAD Ao0y Manitoba, Canada To Yield over 7.209 Shannon & Luchs LIBER;‘; EONDS ROUGHT AND SOLD FOR CASIT We Alxo Lend on Liberty Rondx EQUITABLE RUILDING 915 F St. N.W. - Editorial.and: Business Offices " 44 Broad'St. New York i Subscription may be sent to ‘ ‘Washington office, 142 F Street NW 713 14th St. «Capital and Surplus, fortificationwaf rone’s-finances, - come Im— provement :inshabits. and strengthening | of character. These are as-essential-as cash:ineshaping your success. 1 Over 41000 mdn?idmls.find the.seryice of this old° bank -of-material. assistance in.sav- ing. Make This#Payday YOUR opportunity to join them. RANK W. STONE...Second Vice President FRANIK STETSON -...Trust Officer CHAS. C. LAMBORN. .Treasurer E. PERCIVAL WILSON. .Secretary FRANK R ULLMER Asst. Sec’y & Asst. Treaa. DIRECTORS ury Blair H. Prescott Gatley ;‘;:’nfl;‘: Buchanan Willlam D. Hoover William A. H. Church(Victor Kauffmann Walter C. Clephane ' Charles Minshall William V. Cox Frank W. Stone Willlam E. Edmonston William H. Walker Reginald S. Huidekoper Henry K. Willard National Savings & Trust Co. Oldest Saving Depository-ir Washington Corner 15th and New York Ave. Liberty Bond Exchange | At principal news-stands, 20c .{ NOW and OW of Savings T Tu'.:. dollar sav - - the habit formed Will You Regular Weekls Bera ‘I spell Success or Failure at Success v: and it’s not the amount vou save, either, so much as the at Fifly ‘GULARITY--the HABIT . FORMED of laying aside a few dollars out of each pay envelope. This Bank will help YOU “Success at Fifty.” Thea One dollar will start you. Ousr Daiiy Dime Saver will heip || The Second National Bank ' i “The Bank of Utmost Service” il 509 Seventh Street N.W. VLAY DT fl._‘ i T il Lt ] (Por payment in U. S. JOAN JOY EDSON. Premident || g 2 = e Fae) | IOANECE ReeNivn et || Thxs weekly pubhcatlon will keep oy R% Orowlor on reqwmt for MI-$95 | LT o ] B 3 T you posted on active Stocks 3 3% DAVID J. HOWELL & SON, | ol e S 3 = = U T bldx. 2 ‘flmNatmnalCty nEPET MR SR | (Trvscron s taaven § 17 imeror & T 6 Er 1 Com acopment o suburian preries dimas == weekly, giver to men who are inter T pany T St e = R cued in New Tes Carb Market ‘:,‘ 1:‘5 (8 Washington—741 15th St. N.W. T Week's I Contams tocks, enateins: 3 4 i Tdmm—-"lm 3176, ‘Spesi = , 3. % : = Review of conditions and frd E': Holders obiic Carih Syndicate market trend—articles, news and 1316 1% Stmums Petrolenm charts on speeific stocks— i ix | Fl;endl Repu 5 United Profit Shartag toos and record of high fowr 2 2% i and every investment honse = = = yricen, etc. & Good Judgment | 51 CTCC i ant the “l e candy = When You Invest in |||l {able of yiclds at varions i opah | B We will also furnish you cancise b % il prices and redemption dates " Gisafotkier Fetochs Sboel: Revorts, late market news, and Simee gt P F]RST LYF miithis ecks Bustuers wnd Marver, § quotations on active New York Carb Sweats Co.” 3y 3w : Conditicns e 25 =2 BARRON'S ji — ) etms United Fstern . 3706 zons MORTGAGES * The New National Copy given without obhi- Call us om fhe telephone (we have a U. 8. Light and Heat. com. 1 1% | H ik - . l W hl > " specis] telephone serviesr for your e 5. LiEst and Heat. ptd. }“z 1% They give you freedom Financial eerty getion—call, phesr or commodation) or write us or call at eur U. 5 Steamairp. . %lg; Fa) from worry and annoyance Ordinary bond tables show write for UU-438 efise when you are in Balitmore. United Texas ]ss:‘o o6 and yield - vields on a par of 100, whélle Conveniently located office g o pales bttt 433 EQUITABLE BUILDING ’ . . P —— BALTIMORE & 1 0 This-copyrighted table is - Telephone St. (;":ul 8451 o % not-elsewhere available St. Arour Lezther pedr.21o 1T 7l In Denominations of 5100 Offices in B principal cities A Les - a n inations of - Also o timely comparison Direct Private Wires and U ctwoen the French 3 P e ot Fremos The Safety is unquestionable.- . JONES & BAKER Members New York Carb Market FTEATYET ST GEREF RLLL b LU LD TR Real Financial Stability comes-to-you only when you have adjusted your investments to the law of average returns. Time, the great leveler,, makes up for the peaks of extraordinary winnings with equally extraordinary depressions. 1f you own our First Mortgage Notes on improved Washington real estate you stand on the middle ground of safety. Swartzell, Rheem & Hensey Co. 797 15th Street N.W. Washington, D. C. The Nation's Home Town 52 Years Without Loss to an Investor Il 10 am., 2:30 p.m. T6c war tac: x4 Ton admies e ta LoSLlu 8: 30 a. m. Every Business Day Trust Dcpt Safe Deposit Boxes. One Dollar or more will open a s: GEOR WL Foreign Drafts Washingto: identifies any one with our Savings Department. acquaintance THIS PAYDAY. We pay 3 % on Savings ©O. H. I'. JOHNSON .. A. A, HOEHLING, Jr.... Open until 5:30 P.M. Today and Tomorrow Why Not “A Big Bank™? ECAUSE your Checking Account is small or your payday sav-| ings are meager, offers no sound reason for not letting your money have the protection of a big bank such as this. I Checking Accounts of modest size are perfectly welcome at n’s OLDEST National Bank, and as little as One Dollar OFFICERS: . .President +.Vice-President Trust OMcer WHITE. C. ¥. JACOBSEN.. ..., ...Canhier J. GALES MOORKE. Auditor CHAS. K. BRIGHT . Ladies’ Dept. C. F Small Checking Accounts Invited. ¢RT H. BEDFORD . R. OGILBY. .. “Asst. Trust Officer Trave’ers' Chec]zs for Sum‘mer Taur;sts National Metropolitan Bank Capital, Surplus and Undivided Profits Over $1.500.000 15th St., Opposite U. S. Treasu: Make our vings account. DIRECTORS : ARTHUR T. BRICE JomN = mooRE WALTER BROWNLEY H. RALSTON PHEDEAIOH Do O, FAUST TRANK P IDE WM. F. GUDE HUGH REILLY JOHN B HENDERSON T, JAWERSON minGs A. A. HOEHLING, Jr. WM. H. CHARLES JACOBSEN HERBERT T. SHANNOK" 0. H. P. JOHNSON H. C. 8 RUDOLFH KAUFFMAEN Dr. J. THOS. KELLY, Jr. A LISNER TOWNLEY A, McKEE y—107 Years Old Tuae -SarrOr Your Hores You are the master—now. You can pilot it and in treacherous waters. But when your sail- ing-days are ended, who will take the helm? Who is your second in command? Now—while you can—make clear to us your wishes concerning the care and distribution of your property. Then you can be sure that the ship of your hopes will come safe to harbor, and mpmmmgobedehmedmmdmhandsof 39 Compound Interest Paid On Savings Capital and Surplus $5,400,000 ¢ AMERICAN ¢ SECURITY & TRUST COMPANY 15th Street at Pennsylvania Avenue HOME SAVINGS BRANCHES 7th Street and Massachusetts Avenue, N.W. 436 Seventh Street, S.W. Eighth and H Streets, N.E.