Evening Star Newspaper, June 15, 1921, Page 29

BANKERS ARE BAC " FROM CONVENTION [Third Annual Gathering the |Am Boecs , Most Successful From, + Every.- Standpoint. BY I A. FLEMING. Bankers-and their guests in attend- { ance at the third annual convention of the District Bankers' Association, at{Am White Sulphur Springs, returned to i’ Washington this morning. Their special {‘ train -entered the Union station ferty minutes ahead of time. ‘While every one was enthustastic over | “the success of the convention, the enter- tainment offered, the sports fnto which they entered, the prizes given and the manner In which the Jarious cocimlt- ees cs out every detail, they were mighty glad to be back in their own ‘were not In as ®ood physical condition as when they' left Washington last Saturday morning. N. Harper forgot the burden of his Years, and, having an idea that he could still play that old second bag. d his “initialing” finger, so that he fs not liable to ‘“ok.” many notes today; Tom Grant, at third, proved that as a Cham- ber of Commerce secretary he was a ®reat success. Julius 1. Peyser, playing second for the other team, “busted” two fingers, I and was mever accused of stopping, catching or hitting the ball. Will W. Spaid, 'B;,I'llii.fllbb" right- H R FLLELPE S e S FLT LALLM A LIS EE T 3 , ; _ 3-sEBEzennag, quynegs Sagungayy cgacaa U FLELL U S FR R A lsléggl scored the game—some operation, since @ hit was a home run nine times out of ten. Assistant Cashier Eckloff of the Me- tropolitan force rounded third for a homer and slipped midway to the plate and alid over it. He bunged up both knees badly and ‘will probably stay at home today. Maurice Otterback of Anacostia . Bank demonstrated the art of how not to play ball and came off whole, only to have a close call 2 littls later.| ‘while autoing with Mrs. Gtterback, J. C. Weedon, George M. Barker and * B. Henderson. Rounding a tarn on the mountain road their chauffeur drove too close in to the side of the road, and another car coming from the opposite direc- tion, the driver. holding to his right of way, smashed into the Otterback car, with serious damage to both ma- chines. Fortunately it was a n collision and not a side swipe or one of the cars might hav been dropped|col ;lo t'r_w valley, far below. No one was * hur The base ball game was a complete success, thanks to P. A. Drury, who did not participate and was not on the : grounds during the game. _ Three busy sessions of the associa- tion were well attended. The golf links were crowded from morning to night, tennis attracted a number, a big card game for the la- dies and two putting contests over an indoor nine-hole course furnished am- ple amusement. George O'Connor Tounded out the big family dinner with a number of songs, Mrs. George ©. Waison taking Matt Horn's place. Everybody was satisfled with every- thing and J. Floyd Cissel stayed over until today to see that all bills were properly adjusted. It was a great convention; a great President Larner's Plans. John B. Larner, the newly elected president of the District Bankers' As- sociation, on being inducted into of- fice, outlined some of the things that he contemplated undertaking during his term. He has long considered as essential the erection of a home for the Dis- trict Bankers' Association, and hopes 1o get it under way during the next year. The proposed new structure will, if | erected, be in some available central location, and will offer housing fa- cilitles to the District Bankers' As- | sociation, the Washington Clearing ' House Association and the Washing- . ton Chapter of the American Insti- i tute of king, all these organiza- , Yions being now homeless or housed ! in rented quarters. Mr. Larner suggests that a finane cial library and reading room shall be established and facilities arranged S0 that all meetings of the various organizations and their committees may be held in the proposed new building. That he means business is evi- denced from the fact that he will to- day issue a call for the executive council of the association, which in- cludes all officers, to meet with him on Saturday of this week at lumch. eon, where they will be his guest: to be given at the Cosmos Club. In his address Mr. Larnmer urged upon the bankers that they “do their full duty in the present strenuous . that they let the people of Washington see that they are broad- minded and not narrow; that they put service above selfish self.” He ‘was cheered to the echo. Credit Lessons of 1920-21. At the annual convention of the National Association of Credit Men held in San Francisco yesterday, A. F. Maxwell, second vice president of the National Bank of Commerce made some pertinent remarks on the sub- ect of Credit Lessons of 1920-21. After referring to the unexpectea Lappenings of 1820, Mr. Maxwell said: “A credit risk. in the last analysis, is not based merely on the apparent current condition of a concern as shown in the balance she: on its balance sheet plus a fu edge of the concern’s contingent lia- bilities. And while a going business | Maxwell Motors. must cover sales contracts by cor-|Ma, Dept Stores. responding purchases to avoid the [ Mexican Pete. danger of speculation, we realize | Miami more fully that to these factors must |y be added full consideration of all possible changes that may occur in assets in respect to the commodity values represented there and in | M respect to the concern's orders on | Mo Pacific. its books, the stynding and respon- | Mo Pacific p! sibility of its cuslmers and the re- | Montana Pow. lated contingencle® Mont Power pf own commitments. “Credit science, It it is to its highest function business stability, must be farsighted and guard against the future. a8 L3 Chi & Northwn. &Pacific.. 3% 14 2% 32X S anome T Crucible Stesl. Cuban-Am Sugar.. ’fi: Interboro Metro. Ipterboro Met pt. Intl Agr Chem. Kansas City Sou... Kelly-Spring Tire. 5% Kelly-Spr 8% pf... B Kennecott. 8% W% 37 ™Hh 8% Kresge (S S Lackawanna Steel Lehigh Valley. Liggett & Myer: Lorillar. | Couis & Nash. - Manhattan Elev. Regular Dividend. Directors of the Union Trust Com- | North America. pany have declated the usual quar- | Northern Pacific. terly dividend of 113 - ks wil from July 1 to 15, inclusive. Loeal Seeurities. ‘Washington Gas was firm on the first sale, shares at 4%, but after eall smaller lots sold at 443, men’s Insurance sold at 20. A Rallway preferred steady at 61. 7s sold at 102% and Railway gen- eral 6s at 923, Call money, 6! to 7 per cent. —_— Of Pan-Am Pets..... 0% Pan-AmPete (B). € _ 4% _42 ___¢ arish & Bingham 10% ~ 10% ~ 105 M M mY% 8% ™ T TH L e P P ® Phila Company = Phillips Petroleum :4 Bave to be paid out immediately. Preasury has a bill to meet todsy of. e ture and $130,000,000 semi-annual in- terest on the first liberty losn an the victory losa. o 5 To provide for its further require. monts, including current disburse- ments lgt.l el]ncrur&o payments m to 086 O fiscal year, Sazon Motors g"“m is issuing about $500,000,000 | Bears three-yeir notes and one-yeac: HU L LR T o i S EragRgaapyes eF1 4] iy . THE EVENING STAR, WASHINGTON, D. C, WEDNESDAY, JUNE 15 1921 TODAY’S BOND PleCf.S., 9 NEW - YORK - STOCK . EXCHANGE. ] g i e T SeEEitaty-28 ] sf shagysosiEayn-gyeeyaraeyssrelosiy gennr 0y 3908 gay $2 g 3 |0 B Cast Ir Pipe. 1% i;"E*"‘!"‘fifi%""!5!55'!‘iiiaiflili’ri!‘i'!iii; Ex3yn-sussgidsgengyggeeag Call Money..... HOURLY SALES CF illam..... 101 200 1p.m.. Washington Stock Exchange. Washington Gas THe 41,000 Washington tas u‘:-m—:'s st ?4\‘”“ Firemen's Insurance Co.—35 at 20. AVTER CAPL. Washisjton Ges 7 000 1!2»1. b Hedioo w i iremen’s Insuranre Co.—35 at 20, 25 at 20. Ballway proferred—id at Waahiagton o 10 et G1. ‘Washington Gas it Nomer e Toaan T st Bid and Asked Prices BONDS = TR ‘Ameriea: Amer. Amer. gaaae 238 a8 gedieEanes & FRRR BAVINGS BANKI Merchants Columbis Graphophdne com. D. C. Paper Mg jerciatits’ 0ld Dutch Market com. 0ld Dutch Market pfd Lauston Monotype e BONISNERLECTED, CENERALY EASER NEW YORK, Jufie 15—There was very little incldent in"the day’s bond market. With nd large, issues of new securities coming out,. interest cen- ters in the question 6f how long it will take to digest the admitted sur- plus of these syndicate offerings that have not found their way into thej hands of permanent investors. Also there is the question of how long it will be before the investment market takes more note of the accumulation of money supplies and the falling in~ terest fates. Today again the bond list ve fo Missouri Pacific 4s, at 62%, were oft % of a point. New Yérk, Westchester and Boston 4%s were fractionally low- er, and so wefe the Louis and Southwestern 68. On the other hand, ading general 4s; which have been sagging steadily for a month of more, in consequence of the remodeling of the Reagding plun, and the omission of. the 10 per eent premium feature for holders bonds, suddéply torhed. From theéir low of & fe¥ days ago, which was 73, they were up to 74. . The feature. .in-the industrial was & further sharp dfop in Cu cane sugar convertible 7s. At 70 the mlm re lowen: § points from’ n ght's close. idsted_Gas 78 lost l‘l.molt a po:nt lltlfi%i“cil'l.: . Pateady Steal sinking on low: pol \Thére was no change t& speak of in either lbertys or Vi Frefich 8s were oft 65 were a up. eign section was same as 2y. substantiall 1 cr:"'img::n&;gn-h"" s ffu ’u- including September &t 63% Noom. prices reported to The Btar over direct Bouthern Pacific 1st New York-Washington wire by Redmond & Co. City of Paris 6s 1931 French government 8s Government of Bwitzeriand 8s. Ki Belglum 7 Frie general lien ds. G I Electric 66 . ar Tire and Grand Truok Ts, Tilinois Intes Inte ret. Northern Pacific 4 Packard Motor_Car Pennaylvania 1 Grain, Produce GRAIN AND PROVISIONS. BALTIMORE, Md., June 15.—Potatoes, white, No. 1, per hundred weight, 50a 60; cobblers, 50a60; McCormicks, 50a60; new, per barrel, 1.00a3.75; sweet, per barrel, 3.50a7.50; yams, 3.5026.00. Beans, green, pearl and wax. per bushel 1.05a2.00; corn, per crate, 2.00a4.00; Dbeets, per bunch,:4a5; asparagus, per 1.50a3.60; cabbage, per crate, 2.00; cucumbers, per box, 2.00a eggplant, per crate, 2.00a3.50; per bushel, 40a50; peas, per s 2.002.75; peppers, per crate, 2.00a8.00; _spring onions, per 100 bunches, 75a1.00; spinach, per bushel, 25; radishes, per 100 bunches, rhubarb,’ per 100 bunches, tomatoes, per crate, 1.00: 5.00; apples, per barrel, 2.00a3.50 cantaloupes, per crate, _2.00a5.00; peaches, per crate, 3.00a3.50: fruit, per box, 3.00a5:50: oranges, per box,’ '350a6.50; strawberries, = per uart, 15a30; blackberries, per quart hals: Taspberrics, per auart, 26a30 cherries, per quart, 10a25: water- each, 25a’ pineapples. . 8.00m5.50 i lin, ices ut Noon. Wheatie T Ted winter. spot. % red winter, garlicky, No quotations on June; cral lots at 1.25a1.35 2.80a3.85 white, 20 corn, &pot. rn, vellow, yellow, T0%; No.'3 or better, June. i OatsNo. 2. white, 47% asked; No. 3. white, 46% asked. Rye—Bag lots of mearby rye, as to quality. 1.20a1.30 per bo.; No. 2 west- ern export. spot, 1.43 per bu. 140 per bu. Hay—No. 1 timothy. no thy, 22.00a22 By, Son0a30.50; No. 3 timothy. 14.00a 0. 1 light clover, mixed, 19.50a .00; No. 1 clover. mixed. No. 2 clover, mixed, 3, 11.00a13.00; 18.50; N 12.00213.00 10.00a14.00. No. 1 straight rye, nominal No. 2 tangled rye, 16.00: No. 1 wheat, 15.00215,50; No. @ wheat, 13.00a13.50: No. 1 oat, nominal, 1 per | bbi Bouthern - Pacific conv. Southern Railway gen. Southern 4. 4. y % | Usion Pacifie 1st ds. Union - Pacific con; Union Pacific 6 1924. United States Rubber Tnited States Rubber 734s TUnited States Bteel 8. F. Vacuum Oil Corp. 7s 1988. Vireinia-Carolina Chemical 7%s Wilson & Co, 1st €s ... SHORT-TERM SECURITIES. (Beported by Bedmond & gr&) Ameriean Tel. and Tel. 6s 1922. American Tel. Tel. 6s 1994. American Thread Co. 6 1928. . . Goodrich 1¢°0il Corp. Hocking Vulle: Humble Oil Ts 1 ) . Co. 4%s, June 15. 1921.. Procter & Gamble 7s 1922 Procter & Gamble 7y 1923. R. J. Reynolds Teb. 64 1f L e gy 8RBRIN R e Union Tank Car Co. . Western Blectric Co. 7s 1923 Westinghouse £1, & M. 7s 1331 and Live Stock LOCAL WHOLESALE MARKET. Egge—Strictly fresh, per southern, 26. : Live poultry—Roosters, per 1., 1% turkeys, per 1Ib, 32a33; chickens, spring, per Ib., 48a50; hens, per I 27; keats, young, cach, 60a76; chick- ens, winter, per Ib., 35a40. Dressed poultry — Fresh-killed spring chickens, per 1b., £0255; hens, per Ib., 30; roosters, per lb., 22; tur- keys, keats, young, each, 604 chickens, winter, per Ib., 35a40. Pork—Dressed, small, per Ib.. 1 medium, 13al4; heavy, 10a13; live, 8%. Live stock—Calves, choice, 10%; lambs, ¢hoice, per Tb., 11af! Green fruits—Apples, per bbl., 3. 10.00; western, per box, 3.50a4.50 California lemons, per box, 9.5 s California oranges, per crate, 600a 6.50; Florida oranges, per crate, §.00 : grapefruit, per crate, 5.0086.! rawberries, per qt., 20a35. Vegetables—Potatoes, new, No. per bbl, 3.00a3.50; yams, per bbl, 7.00; lettuce, nearby, per crate, o 238 FRE . 1.00a1. cymblings, per crate, 1.50a4.00; spinach, per bbl., 3.00a 4.00: kale, per bbl. 1. 1.50a2.50: pea: 10a10.00; Texas oniol new cabbage, per crate, 2 umbers, 3.00a4.00; eggplant, per crate .0043.00; tomatoes, per box, 3.5085. North Carolina asparagus, per doz., 2. 25.00; nearby, per doz., 1.00a2.25; ‘Adams Karly,” 3.00a4.00. ' per crate, CHICAGO LIVE STOCK MARKET. CHICAGO, June 15 (United States bureau of markets).—Cattle—Receip! 11,000 head; beef steers, steidy to 15 lower; top heavy steers, 8.60; bulk, 7.50a8.50; she stock dull and unevenly lower; bulls, stockers and feeders, weak; bulk bolognas bulls, 4.5024.75; calves, steady; vealers, largely, 8.50a R 5,00, Hogs—Receipts, 23,000 head: slo! 10 to 25 -higher than vesterday's aver- 8. age, mostly 15 higher; top, load early; 8.00a8.20; pigs, desirable, 7 ‘Sheep—Receipts, 15,000 head; very slow; bidding unevenly but sharply lower; all. classes, early sales, best choice, 76-pound dry-fed yearlings, 9.50. = practical top, $. mostly steady; CHICAGO, June 15 —Fresh breaks in the price of wheat accompanied gen- eral selling today on the part of com- mission houses. Much of the bearish sentiment prevailing was ascribed to the fact that Illinois growers were offering wheat freely for shipment in time to be delivered here on July con- tracts. Besides, export call appeared to be lacking. Initial quotations, which ranged from 3% to 2% lower, with July, 1.33% to 1.35, and Sep- tember 1.23 to 1.24, wero followed by material further setbacks. Favorable weather and the large stocks on hand had a bearish effect on corn. After opening % off to % o 63%. the market sagzed all round. Oiis were @epressad in line with bther grain, starting a shade to % lower; September. 38% to 39, and then continuing to descend. Higher prices om_ hogs tended. to strengthen provisidis. y Potatoes weaker; receipts, 34 cars; northein white, sacked and bulk, $0a. 85 cwt.; Louisiana and Alabama Tri- umphs, 2.75 cwt.; Virginia, 4.25 barrel; North Carolina, 3.4023.50 bbl. Rallies in wheat took place later, owing to flood reports from Nebraska and because of export sales to Ger- many, but the upturns were mot of a Iasting sort. The close was uriséttled, 3 cents net lower, with July 1.31% to 3% 1521 to 1.32% and September, 1.22%. . Subsequently the ‘corh market re- covered somewhat with wheat The close was nervous, at %.ta 1 cent net. decline, with Septemiber. 62% to 62%. me 1 i B 1w 1hw Mo 61 3% 6% 8% 384 815 62% s 1% 5% =4 —_— DAIRY MARKETS. BALTIMORE, Md., June lS.—-PmlIt try—Alive, springers, per ‘pound, 40a52; white léghorns, 38843; young ‘winters, 40243 : old hens, 27830 old roosters, 16a ; -ducks, per pound, 25228 oupring cks, 30a36; pigeons..per A T.ots oft, strictly per dozen, 25, southern, 23a2 Butter—Creamel fancy, pef pound. 33233 : prints, 38a34 nearby creamery, 29a30; ladles, 18a2 rolls, per pound. 1 ‘store packed. 1baif; dairy 18a20; process butter, 23a25. CHICAGO, June 15.—Butter—Higher creamery extras, , 3. standards, 32 firste, 27a31; Seconds, 24a26. Eggs—Unchahged; receipts, 16,763 Close. - L3y | S 12% —_————— N. Y. CENTRAL DIVIDEND. NEW_ YORK, June 15. — The Neéw York Central today declared its reg- ular quarterly dividend of 1% per cent. —_— BAR SILVEP. QUOTATIONS. NEW YORK, June 15.—Bar ellver, domestic, 99%: forelgn, 58%. Mexican dollars, 44%. LONDON, June 15.—Bar silver, 354 per ounce. Money, 4% per cent. Dis- count rates—Short bills, 5% per cent; three-month bills, 59-16 per cent. OFL MARXET. & ? Quotations fureished by W. B. Hibts Anglo-Ameriean 601 To. (mew).. a*‘ Atlantic Refining Ob. -e v Bor ser_Co Cesorontn, Mamadactariog Go. 100 Contineatal 0Ll Go- 163 Crescent Eureka _Pipe 2 Galena-Stgnal Oft Co. Galena-Signal Oil Co. pfd. Tilinols Pipe Lise Co. Indiana Pipe Line Co. tiopal Transit Ce. New York_Tran .-;E::ziniiafl!i_i b 5 Prairfe Oil -aad G Prairie Pipe Lin® Solar Refintog Co. thern Pipe Line | Co. Standard . I Standard Oil Co. Kansas. Standard 0il Co. Kentueky. ) Standard Oil Co. Nebraska Standard Ol Co. New Y u!suSEEEEggaii_::!iixs!sfinaitu: N, os 358 3ganaTaukaty FOREIGN. EXCHANG®. Selliiig checké—Dollar values at noon toflay: uiapest o811 313 Stockbolm i famnen 2% Montreal . FOREIGN BONDS. Poultry—Alive, higher; fowls, 24; Ly broflers, 32a38. NEW YORK, June 15.—Butter— Steady; _receipts, 26,000 package creamery, higher than extras, 33%. creamery, extras, (92 store firsts (88 to 91 score), 29a [ing stock, current .make, itals. 17éggs—lrregulsr: receipts, 50,343 cases. Fresh gathered, extra firsts, 28a30; firsts, 25a27%; state, Pennsyl- Yania and nearby western hennery | whites,” firsts to extras, 29a38; state, i Pennsylvania and :enrby ‘western i browns, extras, Fethered {&wnzs;’na’ “atxed colors, rsts to extras, 232, Cheese—Steady; receipts, 6,270 baxes. e .{fi"""a““'"m’:‘ L cl 165%a16%; do., S State, whole milk, twins, 3%al6; do., average run, No, Normay, domand, 14.48; Arge de° jorway, deman: L4565 $113; Brasilian, demand, 12.8 aiscount. 1i 33a34; da., | §e¥ R & R LLEET i flfu returned to its tolicy- olders more money than i has received from them in premiums, a record unique among Life Insurance corf- panies. It offers a thorough Edu- cational Course to its Repre- l sentatives. E.D. Sampsen, Gen. Ast. | 1mw~3'::am«i-"? oz, 2T5 ) gapu) w r b, + . CURB STOCKS. Quotations fursished by W. B. Hibbe & Os. . pma Astna’ Biplostves . Allted o e 3:;;58 al. ranada Oil Guffey Gillespie Hecla Hercules Paper . ndl ";c—d;i.— FRER * o Bar8aBuenlizl ® R FOFEF inissing Mines Neble Oil and_Gas. Nerth Amer. P. Northwestern Ofl Omar . 0il (new] Tennok Of1 . [ R of = International Tonopah_Extes Unfted Eastern . U. 8. Light and Hea U. 8. Light and Heaf €. cnm €. ing. FEE FIRARRE R HER 2855w B 2L P saanZha nus oudaliasialaacutin, 8y —VWith Safety: An investment for those who desire maximum safety with attractive interest retwrn. FIRST MORTGAGES 100 - $§500 FINANCIAL. ENS ls-A[vllNZGS BANK CITIES SERVICE SECURITIES Bought, Sold, Quoted THOS. W. BRAHANY & CO. Investment Securities 510-11 Evans Building Waskington, D. C. Main 615D LIBERTY BONDS BOUGHT AND SOLD FOR CASH We Also Le on Liberty Boads Liberty Bond Exchange €04 14th St. N.W. LR A LTI 210 |Harriman & Co.| MEMBERS: New York Stock Exchange 111 Broadway, New York Washington Office COLORADO BUILDING \ Telephone Main 1603 Give-up business invited The. it dattie Aopes credit in & Bavings account is first stepping stome to SUCCESS, Safs Depéeit Boxes, §2.50 « Yr. Up. 1336 N-'Y. Ave. ; G. B. CHIPMAN furnish guaranteed titles with all notes. A quarterly dividend of Two Dollars and| Twents-five Cents per share Friday. July 15, 1921. to stockbolders of record 8t the close of business on Monda: 2 I I $5,000 Life Policy, $57.35 Age 40. Bend date of birth for illustration rticulars 8t your age. ! CE ROY GOWF, Insurance Adviser rd Build] y=’ EQUITABLE | || Co-Operative Bulding | i Organized 1879 1 415t YEAR COMPLETED | J | First Mortgage Notes Now on Hand In Amounts oi $250 Up to $5,000 We look after all details imd Chas. D. Sager 923 15th St. N.W. Loan Dept., M. 36. American Telephone & Telegraph Co. 127th DIVIDEND Angets ... - -84,372,/060.87 Surplus . .$1,085,322.89 Save If You Would Succeed ~—Save a8 you earn. and you will begin 1o get atead in a financisl way and be prepared for eme that may arise later. 1 be paid on Juve 20, H. BLAIR-SMITH, surer. E. H. Rollins & Sons We know good mort- gages when We see them. We have been picking them out succefssfully for over a quarter of a century. We kngw how to take care of all details. You are assured of an absolutely safe investment and one where the interest payment is NEVER s R s, gy vhen gue. In amounts of $250 and up. - B.F.SAUL CO. 934 N. Y. Ave. NW. Subscriptions for the 81st Issue of Stock Belag Received | Shares, $2.50 per Month | 4 Per Cent Interest EQUITABLE BUILDING 915 F St. NW. JOHN JOY EDSON. Presidest FRANK P. REESIDE, Seey. $50,000—7% interest, in sums of $1.000 to 35, 000, srcured by first deed of trust on real esta Joseph 1. Weller &% Was i & __ 9th nod ¥ . Foundea 1878 416 Woodward Bidg. 20 Year 7%,% Bonds Price, 95 and Interest 7 To Yied 0 Send for descriptive circular Ofen at 8:30 AM. Every Banking Day Cplumbia National Bank G 911 F Street The Bulwark of a Savings Fund —has tided many through periods of non-employ-4 ment, sickness and other misfortune. Have you a “nest-egg” upon which you coii'id reply should the unforeseen happen? Pay da'j’s here—now’s your chance to begin saving. Cine dollar, or more, is all you need to get starteddat “Columbia National.” Surplus, “Compound Interest Paid on Savings. You can open a Savings Account at this convenient Bank with as little as Safety First HE primary consideration of ‘the¢per- Tscm who buys securities is safety of principal. The rate of interest, speculative:advan- tages, time of maturity and salability are generally considered. But—the safety of principal is first. There are many attractive issues of se- curities which we can recommend for in- vestment, at prices to yield from 6% to: o Write for our list of offerings CRANE, PARRIS & CO. Investment Bankers 823 15th Street N.-W. Established 1883. STOCKS—BONDS—COTTON GRAIN—SUGAR—COFFEE Bought and Soid on Commission 'A. A. Housman & Co. 20 Broad Street, New York MEMBERS: NEW YORK STOCK EXCHANGE Y Cotton Excha . Y. Produce Exchange || 3 Che"cago Board of Trade—N. Y. Coffee & Sugar Exchange § . Associate Members of Liverpool Cotton Association Washington Office LOOR CORRIDOR—WOODWARD BUILDING MAIN FLOOR PHONE MAIN 2040 CHARLES R. ALLEY, Mgr. = e ‘Wirée Systsm Conmecting Braach Bty pondent 'OMoes 18 the Priacival Cities T L