Evening Star Newspaper, June 6, 1921, Page 19

THE EVENING STAR, WASHINGTON, D. C, MONDAY, JUNE 6, 192L FINANCIAL, list with 3093206 bushels, followed |May amounted to 36,268 barrels. A : 3 by wheat with 1,204 :l' lguml-. From January 1 to May 31, inclu- $5,000 Life Policy, 55735l Do with 103TASE Bianeia® omte mith | sive, 39,199,267 bushels of grain have | Age 40. Send date of birth for silustration | 275,193 bushels and y with 101,- |left the port of Baitimore for foreign |and particulars af rour axe. | '“"'"1 279" bushels. Flour exported during |destination. M e 010 Woastward Mg, 3 40, -] Money to Loan ecurs by Ficst Deed of Trust en Real Eoate. Prevailing intervst and Joseph I. Weller j2o W | FINANCIAL, _/NEW ENGLAND CONDITIONS MORE "SPOTTY™ THAN EVER| is not far distant when the orders will begin to come in, SALT LAKE CITY, Utah, June 6.— SRR D. D McKay. president of the Utah £ = 5 state farm bureau, in a statement ls- NirW YORK. June 6-—The Brazilian | sued today urged that the wool grow- Coffee Srop of 1921-22, according 10|ers of that state use the Utah wool e estimate compiled by the Banca|marketing committee as a medium for Francese y Ttaliana, will beiin the|disposing of this year's elip. He de- reighborhood of 7,400,000 bags. &¢-|clared the marKeting committee had cording to word received here today financial backing .to advance Although the plantations are in good ically évery grower In the state shape. it is estimated that each lreev",,,“ S to 12 cents a pound, i Will produce only about half as many | “:gome growers are not looking be- berries ax in the unusually Meavy|yond the temporary reilef of a cash crop of last year. to the lasting benefits of co- Wool. ive marketing” he said. “No E; 5 rower need give his wool away or 2 FORT WORTH, T 11 zell at @ 16ss through lack of financial | N =LAl pool s help to tide him over the crisis. Nor 4 a ymunm ik 4 Millions of pounds have been sold at:Need he accept a low price becaus |0l Poor quality. Peaches sold - from 6 to 16 cents a quart, according to |Vhlhly and condition. 2 Confidence Grows in Price Stability. But Manufacturers Are Not Keen on Taking Orders—Other Sections. By EDSON SMITH. Special Dispatch to The Star. BOSTO! ditions which have prevailed in New England for six months are more | Capital and Surplus, $2,000,000.00 Availability of Vacation Funds Have this bank supply you with Travelers’ Checks or Letters of Credit and you’ll definitely settle the June 6.—Fri = -urPLux \nir tankers carrying oil rom the Mexican flelds, 165 being ! s s f frouy e Mexicun) is. 165 boin the Snidnd markets i’ the Lot | has @ small clip of ungraded wool." June 6.—The spotty con- imnmm These ves in April car- |Week. with Boston buyers the suc-| ried an average of 100.000 barrels a .“"*f'“ bidders i ship. | NOTES. gl e FORT WORTH, June 6.—Prices of | (oo o port of Bal- pronounced than ever and no gen- (T, NORTHC YU BoTPRen 001 NEW YORK, June 6.—on om house question of safe, handy eralities are possible regarding lht‘l a barrel in this territory. One {i0int board of arbitration b vacatmn funds. Amalgamated Clothing Worker America and the New York Clothing | business situation of this section. !nl e lnzh(-ompanle* also announced . . = a cut in the price of gasoline to The American Woolen Company ex- b Peets o maintain operations at 80 consumer from 20 to 18 cents per g s | lon. Kerosene mow is 10 cents ver | i 7. (SAFE DEPOSIT opes um- | Der cent capacity well into mi alion. These prices sre nearly 500 35! i BOXES at very ‘moderate It is expected the summer S nr\ r“r cencunderituoge of e '\rh';rulu . was = Renms il be opened ecarlier than usual Dry Good: rointed to obviate further contl's By attractive Wr L of the settlement of th naming they se could handle and t pricing and styl 11 be used in the summer mer- BOSTON, June 6—Retail sales by {non thing work Natlonal Savmgs & Trust Co. Oldest Savings Depository in Washington Boston department stores are running | [1q Just under those of a year ago in|for doll meth- | < and cents. In view of lower ! CORN TOPS GRAIN et to- | chandising program. i ns that the volume of j rd would be effective | BALTIMOL J 0 ex- Strike Slumps; Building On. Draventing anotheritic un e T e 7 Yglf Cor. 15th and New York Ave. e cotton _goods PITTSBURGH. June. 6. Leading. taled 5.111.892 bushe . Corn led the THE NAVY DEPARTMENT “sub chaser”, the Confid ty of pric =teel men do not look for | tion ot indu mills i resump- conditions in the steel . a canvass of ed today. N full finish “Interior sales From dreadnaught down to Vuilding trad ” o0 the automobil - . unions which in January T e ¥atng ]‘"l The building throughout th vessels of our navy are subject to orders from this fusing to accept cut rrxm\l r‘»‘ ; rdux i = lm 'l"*’ uvurr‘nr\ seriously impaired th 30 cents an hour heen defeate ;| production ot ome of the in- ibili - e nt s o LAty to” South “Afriean | HuASon o e department. The final responsibility for ~ the work and other unir e resumed | ore. e sales. {60 R rom 15 to fFici Work without a form S0, Jead- | The pie iron market I8 exce efficiency of the fleets rests here. ing ix rather more active oday that | quy;. " ha it | most intar ¢ Dia waiting . Individuals h e e , Business Southwest ! |game, feeling confident that the time ndividuals, too, have to nancially seaworthy Feels a New StImUIUS today. "one —fit for active duty. A savings account, a vol- for twic Y 3 Jone By JAMES R. RECORD. | untary trust, sound investments, a safe deposit Special Dispateh to tar. h i Fruits. FORT WORTH. Tex., June 6.—An| EL CENTRO. Calif., June §.—Ship- box—these are a few of the essentials in which of catton from is of cantaloupes from the Im- P SHE. ""'.','“.‘,‘n‘;’ under way this company serves many members of the Navy to the « 300 & traction wor wage cut }'r'm‘;f‘:f o ; r{;’\m:x.\'d'): = MEMBERS: Department, and officers and men as well. 4 at lower pay were .h, outsta features in southwestern busi ns are not broken up until thes = | Yeach Chica New York Stock Exchange 3% Compour’u‘l Interest Paid On Savings June 6.—Red cherries f H the lust week from "'-‘.'rfi'u‘. points 111 Broadway, New York OUR monthly booklet contains de- Capital and Surplus $5,400,000 ?\uhr and ntaioupes and Cali- mpnonSOfa num = o‘ E : Emmendd immediately means of th of the R fornia local arket. Peach sed in suppiy, now 2 the Washington Office COLORADO BUILD Telephone Main 1603 securities,and, in addition, a mortgage mapof twoimportantrailroad systems, prepared for us by White & Kemble. but were reported i i lorida_and i | THE PHONETALARM est development in VAULT ION. Come in and let us g8 to This Sy . Rent a t Box today. Costs Less than Cent a Day 1336 N. Y. Ave. EQUITABLE | Co-Operative 3nilding | Association ! Give-up business snvited We shall be glad to send you a copy of the June issue Revival Is Indicated in San Frangcisco’s Area G. B. CHIPMAN ¢ AMERICAN o By LYNN €. SIMPSON. 41st YEAR COMPLETED Manager S pe o SECURITY & TRUST. COMPANY SAN l'l.\\ ine §-—Business | Surplus 3 ' . conditions in this district can only i 2 . 15th Street at Pennsylvania Avenue s Reind il i Bt || Results Most Gratifying | Washington Office HOME SAVINGS BRANCHES 7th Street and Massachusetts Avenue, N.W. Eighth and H Streets, N.E. 436 Seventh Street, S.W. Guaranty Company of New York 811 Fifteenth Street, N. W. « has been broke assert. Coast and d are moving with fa this is exercising a now and save each I ,sare | - OLDEST NATIONAL BANK | o IN WASHINGTON i Subxeriptions for the Building at a Standstill Building is practicaily a still at present. This has ¢ estate operations and slow business in many lines come and meet fixed charges while i vou're away this summer. | T Our Trust Officer will into detail with you concerning this ser- vice, at your convenience. 8ist Issue of Stock : BOXES { Telephone, Main 5815 Being Received ] T l 2’ . % H strike and lo ! ravelers' T St vk bl _ah — G Eoirciors nave | Shares, $2.50 per Month ! Checks A\’}}L arrangements - with ()\n_ H 3 agreed to resume building oper. ik v i C Trust Dept. to take care of deciare hereattcr thes will make no | S e ! for the vour investments, collect in eaftes ey e no | ' L -0 res Nts. Co e < agreements with unions. H 'EQUITABLE BU’LDING i ; v.c&tlonlst < 915 F St. N.W. | JOHN JOY EDS President | FRANK P. REI E, Secy. .l i A down o | o0 uges showed al cutting still} b Last month’s mor! decided increas W | NEW ISSUE y | | $2,500,000 v e O mi'r‘,fi?x'\"i!" Gueria |l i in vrice of medium priced a | Quarter d o . | Gommodity News | ofa * F. S. ROYSTER GUANO COMPANY e i coy | National Metropolitan Bank | - | on. l."”,’,‘,:';:;; i| | Capital, Surplus & Undivided Profits Over $1,500,000 || FIRST MORTGAGE TWENTY YEAR 8% SINKING FUND GOLD BONDS SO The Unsied ‘Sraces win ”y.’.' " Manage- | L 15th St., Opposite U. S. Treasury—107 Years Old | : Dated June 1, 1921 Interest payable June 1 and December 1 Due June 1, 1941 ment. H ' % 1 Authorized $3,000,000 To be presently issued $2,500,000 Redeemable in whole or in part at the option of the Company on 60 days’ notice on any interest date on or before June 1, 1922, at 107% and interest, and on any interest date thereafter until maturity at 107 and interest less 3 of 1% for each twelve months, or part thereof, elapsed after June 1, 1922. The Business of Managing Rental Property STOCKS—BONDS—COTTON = SUGAR—COFF Bought and Sold on Commission A.A.Housman & Co. | 20 Broad Street. New York { MEMBI NEW YORK STOC New York Cotton Exchange Y. Produce Exchange Chicago Board of Trade—N. Y. Coffee & Sugar Exchange ! Associate Members of Liverpool Cotton Association Washington Office || MAIN FLOOR CORRIDOR—WOODWARD BUILDING | TELEPHONE MAIN 2040 - CHARLES R. ALLEY. Mgr. ! Extensive Private Wire System Cennecting Branch and Correspondent Offices in the Principal Citied June 6.—There is Coupon bonds in denominations of $1,000, $500 and $100, registerable as to principal Pennsylvania Personal Property Tax of four mills refunded Interest payable without deduction for any Federal Income Tax up to 2% per annum, which the Company or Trustee may be required to withhold. THE CHASE NATIONAL BANK OF THE CITY OF NEW YORK, TRUSTEE | it re- and a specialized service in order to render the most efficient serv- ice in the management rental property. Like cverything else, L L L rr rT T T — Boss & Phelps MEMBERS National Association of Real Estate Board Washington Real Estate Board We'd like to submit some highly desirable local realty invest- ments, ranging from twenty-five thousand to half million—with as- sured yield of from 5% to 10%. A member of the firm will be glad to confer with you on the details. Phone Main 4340 1406 H Street Basgsstasssinninaeisazaessssanasaaana® | CITIES SERVICE COMPANY | Bankers Shares Monthly Distribution No. 28 {1 quires experience RLLPR Mr. F. 8. Royster, President of the Company, has summarized his letter of May 31, 1921, as follows: BUSINESS: Established in 1885, comprises manufacture and distribution of chemical fertil- izers and allied products; Company ranks as one of the five largest fertilizer concerns in this country. FIRST MORTGAGE: The bonds are to be secured by direct first mortgage on the entire fixed properties owned by the Company. Such fixed properties after depreciation are valued on the books at $3,419,695. Based on an independent appraisal, plus subsequ2nt additions at cost, these properties have a sound value of approximately $5,500,000. The bonds are also to be secured by deposit of Company’s holdings of stock in various | subsidiaries. | The Company must maintain consolidated net quick assets equal to at least 150% of the outstanding First Mortgage Bonds. EARNINGS: The consolidated average net profits for the last ten fiscal years ending June i 30th, 1920, before Federal taxes, but after deducting interest, depreciation and depletion, " as certified by Price, Waterhouse & Company, were $1,203,770. The average for the last five years ending June 30, 1920, was $1,987,697. The annual interest on this issue is $200,000. Consolidated net profits similarly computed for the year ended December 31, 1920, as , certified by Price, Waterhouse & Company, were $3,653,179, without taking into account ‘ the special reserve of $2,750,000 mentioned below. ASSETS: The consolidated balance sheet prepared by Price, Waterhouse & Company as of De- cember 31, 1920, after giving effect to -the present financing, and after setting up a re- | We have developed of this business to a considerable de- XCHANGE gree, and would be pleased to explain our methods b0 you detail. showing various ways we can save you money. in SESREARRTRIRRNARINIE HINNRL VTN B.F. SAUL CO. Property Management 934 N. X. Ave. NW. How Much Is Germany Good For? : ; | see s weits BARRON'S :,: = z k] H 2 A . H Henrs L. Doherty & Company anuounce that _the twenty-eighth monthly "distribution What is the true condition of the German people" Do they want | e s, “oF Bamkers or expect to fight again? What, if any, help is necessary for them | serve of 82 750000 to cover various adjustments in view of conditions prevailing since Will be 32 December 31, 1920, shows total net assets of over $11,200,000 or about 41% times these bonds; net curre!lt assets alone, after allowing for the special reserve, were $7,225,162 \ or mrly 3 times these bonds. A SINKING FUND payable semi-annually commencing June 1, 1922, will provide for retirement I through purchase or redemption annually of 5% of bonds issued. Sinking fund will re- tire not less than $2,375,000 bonds before maturity. > cents a Rankers qmn- SAFETY —not only a promise, but an established fact when you invest in FIRST TRUST NOTES to pay their debts? How much is their competition to be feared? No man is better qualified to answer these and similar questions than C. W. BARRON,' for many years recognized on both sides of the Atlantic as the leading international financial journalist. Beginning in this week’s number of BARRON'S, his new interna- i tional financial weekly, he writes from Berlin a series of charac- il teristically pungent articles showing Germany to Americans as | The legal )roeeedln‘- in connection with the issue are being passed upon by Messrs. Rushmore, Bisbes & Stern, New York. Interim receipts or temporary bonds will be deliverable in the first instance. All offerings are subject to approval of counsel and “when, as and if issued and received.” PRICE, 99 AND INTEREST, YIELDING 8.10% she now is. 7 OTHER FEATURES i Cycles and Stock Market Aver- i ages — By William Peter Hamilton, Editor of the Wall How Modern Blockade Run- ning Has Created a New $ INTEREST Street Journal. Market in Detroit. 2 7% e e e HAMBLETON & CO. SCOTT & STRINGFELLOW —— At Principal News-stands 20c —in your mail the day it is due. SHANNON & LUCHS 713 14th St—Main 2345 FEDERAL SECURITIES CORPORATION The I-Mr-lflol contained ll this advertisement is derived from sources which we believe to be reliable, although we do not guarantee this lntormnlon SPEC]AL OFFER You can have the next 6 issues ——— mailed you by sending $1 to BARRON'S, 44 Broad Street, New York City.