Evening Star Newspaper, September 12, 1921, Page 18

up all the available gold that it could STOCK MARKET 1S MORE TO-SIDED Profit-Taking Brings Early Losses—Some Recoveries, Led by Leathers. NEW YORK, September 12.—The i’ outstanding incident in today’s finan- . cial situation was the further heavy : selling of German marks. At one time their market was so demoralized that offers were made without im- mediate takers as low as .00925. Later some support developed and there was a partial rally, but nothing of any consequence in comparison With the succession of violent down- ward plunges that have occurred : within the past week. This movement required no other drew heavily upon its credits abroad in order to make the billion marks indemnity payment of August 81. this decline will have to be checked very soon or else it will hurt Ger- many's reviving industry through the exorbitant prices which have to be paid for foreign raw material. But, in the meantime, Germany of the futllity of expecting her meet the next reparations install- ment in cash, that the settlement will have to be made in goods. Stock Weak Early. Stocks were actively sold on profit taking for an hour or so. This selling carried the speculative leaders down all the way from a point to three points from where they had left off Saturday. A similar sharp reaction occurred in the cotton market. In the early weakness steels, olls with Mexican Petroleum off nearly 315 points. The easier feeling spread as the rush to take profits was accel- erated and Baldwin, Harvester, Kelly- Springfield, Studebaker, corn products % Interest on Your Savings Compounded Twice a Year The building association is the world’s safest and best method for systematic saving. iven government bonds are now selling far below par, while shares in this association can be withdrawn any time at full face value and interest added. One dollar will start your account. Columbia Building Association 716 11th Street N.W. Under Government Supervision WESTINGHOUSE Battery Service Stations L. A. O'NEILL, INC. 6th and H Sts. N.W. AUTOMOTIVE SUPPLY CO. 21st St. and Pennsylvania Ave. N.W. AUTO BATTERY SERVICE CO. 13th and K Streets N.W. and equipments were the soft -no!l.' The comment has been made that [ 8ction from the weak spell i explanation than the one already | and Sumatra all declined one to three familiar, namely, that Germany used |points. The lower exchange rates on marks, francs and lire may have been lay hands on and at the same time | responsible for some uneasiness. Stronger Tonme. Buying of leather shares led the re- Some new buying orders developed and there was a moderate improvement in the representative industrials from the low point. In this recovery Wilson Packing, is [United Fruit, Pullman, Houston and giving an object lesson to the world Industrial Alcohol did not share; on the contrary, they lost one to four points. ‘Today’s action seemed to indicate a willingness on the part of traders to follow the market to higher levels if it is scheduled that way, but a ieadi- ness to turn quickly on the slightest sign of reactionary trend. The news of the day was not en- couraging. GERMAN MARK SLUMPS TO A NEW LOW LEVEL NEW YORK, September 12.— Ger- man marks, which fell below 1 cent; each last Saturday for the first time, made another new low record today, opening at 0.93 cents. The further break was directly traceable to London, where marks were quoted before the opening of | this market at 398 to the pound ster- ling. French exchange also was unsettled here, demand bills falling nearly 25 points from last week’s final price to 7.23. and Itallan exchange was weak in sympathy. Aside from recognized unfavorable economic conditions in Germany and throughout central Europe, dealers ‘were unable to offer any new explan- ation for the weakness of these ex- changes. The assumption among local bank- ers is that German financial and in- dustrial interests again find it neces- sary to unload their paper currency, and that this liquidation is being given greater momentum from further bear speculation in marks on the Berlin exchange and elsewhere in Germany. LONDON, September 12.—The German mark underwent a sharp decline In the exchange market here today. Its ivalue in the early afternoon fell to: 3971 marks the pond sterling, a new low record for the mark here, while later there was a still further decline in value, the mark reaching 400 the pound. The drop was ascribed in financial quarters to Germany's recent repara- tions payment and to the unsettled state of German politics. :POLAND SHOWS PROGRESS Better Economic Conditions Despite Drop in Exchange. Notwithstanding the fall in Polish exchange, economic conditions in Po- land have steadily improved, accord- ing to agents of the Department of Commerce who have just completed a BIG IMPROVEMENT INDICATED IN BUSINESS IN NEW ENGLAND |Financiers and Manufacturers See Far- Reaching Results of the Advance in Price of Cotton. BY EDSON B. SMITH. Bpecial Disputch to The Star. BOSTON, September 12.—There has been a tremendous change in senti- ment for the better in banking and business circles in New England with- in the last week. Financiers and manufacturers have no hesitancy in saying that the advance in the price of cotton is the most important con- structive - development in months. They predict it will be attended by far-reaching results in other lines. { Already it has turned the market {for cotton goods from a buyer's to a seller's affair. Most of the leading cotton manufacturers in New England have withdrawn from the market and will contract for future deliveries only at sharp price advances. Buyers of leather and wool are be- coming anxious as to how long the commodities will last, and buying is beginning to assume much more confl- dent proportions. The woolen mills continue to operate at capacity and 59 per cent of the offerings at the government wool auction sale last week were taken at advances in price {over the August sales. Even the steel people are beginning to talk more hopefully and the belief is expressed that by svring demand for steel products will be back to normal. Trade Halts in Flood Area, But Is Booming Elsewhere BY JAMES R. RECORD. Special Dispatch to The Star. FORT WORTH, September 12.—One ast section of Texas, flood-swept for three days, has suffered a Severe trade relapse, but business elsewhere in the southwest continues to boom under the influence of mounting cotton and grain pric In the flood district, whicn exiends south from Waco, much cotton has been destroyed in flelds and on the platform and this item constitutes the chief agricultural loss. K One of the features of reviving busi- ness here has been the reduction of bank loans. Texas banks borrowed $54,- 527,000 for the first week in Septem- ber this year as against $113.000,000 for the similar period in 1920. Whole- salers report last week the best in two years, with retailers casting aside their timidity and doubling _and tripling their orders for winter. From i wool concentration points come re- present ultra deflated prices of those, the | in platinum are taken to presage 2 de- mand for the more expensive pieces. Hides. BUENOS AIRES, September 12 (Spe- cial).—It is reported here that Brit- ish hide buyers have purchased 4,000 Armour La Plata steers at $46.50. Coal. NEW _YORK, September 12 (Spe- cial).—The continuation of warm weather has had a restraining effect Om the demand for anthracite coal for domestic uses in this section. WILKES-BARRE, Pa, September 12 (Special).—It is reported here that the anthracite miners of this district favor asking an increase of 40 per cent in wages and a seven-hour day when the present wage agreement ex- pires, April 1, 1922, with time and a half for overtime and double time for ,Sundays and holideys. Brick. HAVERSTRAW, N. Y., September 12 (Special).—It s ‘estimated by brick manufacturers that at the rate brick now is being consumed in this disrict the demand will exceed the supply made “in the New York territory. About a hundred and fifty- million brick are being sold a month. Peanuts. PETERSBURG, Va., September 12 (Special).—The peanut crop this year will be only about 50 per cent of normal, and has failed entirely in some sections because of severe drought. Fruit. TANISLAUS, Calif., September 12 Special).—The peach crop of this sec- tion, estimated to exceed 30,000 tons, has been harvested entirely. Prices paid growers ranged from $35 to $50 a ton. HARTFORD, ' Conn., September 12 (Special.)—The state agricultural de- partment estimates that the Connec- ticut peach crop will exceed 500,000 baskets for the season. NEW _YORK September 12 (Spe- cial).—The first loganberries of the son_were placed on sale here to- v. They came from Washington ate and wholesaled at about 8§ cents a pint basket. Rubber. _RIO JANIERO, September 12 (Spe- cial).—The production of rubber in some of the provinces of this country has been cut to 15 per cent of nor- mal, because of the low prices ob- taining, the increased cost of produc- tion. and large stocks on hand in other parts of the world. AKRON, Ohio. September 12 I 4Sne-! NEW YORK, September and carpets by Alexander Smith & Sons’ Company yielded a total of $4,- 000,000, about a milllon more than was expected. Prices for tapestries were slightly lower, but axministers held up well. Steel. YOUNGSTOWN, Ohio, S¢ptember 12 (Special). —Independents Company, a Steel sidiary, has advanced the price of plain wire §3 Iron. BIRMINGHAM, Ala.. September 1. (Special).—The Holt Furnace of the Central Iron and Coal Company Will| Baltimor and Ohio 5. W. Div. 8%, resume making iron September 19, |Bethlehem Steel refd. 5 after an idleness extending for nearly | Burlington ( a year. Forty of the by-product ovens have been fired up. Vanilia Beans. cial). beans continue to strengthen because | ¢ e 1 timates recently | ! e is nn’; Chi., Rock Island and Pacific refdg. 4. received. urgent. Inquiry, however, Business Toples. DETROIT, September 12 (Special). | General Elect —A decided activity in dealings Detroit in the past few weeks. ly 3,500 deeds have been recorded i the last month, an increase of about 400 from the month previous. ST. LOUIS, September 12 (Special). —Farmers and business men are rap- idly discharging their indebtedness to the banks of the south and both | loans and deposits are decreasing In |Norfolk and W. institutions | Northern Pactfic consequence. Financial are bullding up reserves, and it is es- timated that the contraction of credit | emassl will have run its full course in the southern states by Christmas. The possibilities of the resumption of con- struction work and increase working forces of are being closely watched, for the un- employmnet situation in this section is far from solved and will become | g cluir Cons. OHl Corp. 7s 192 more presaing as the farm hands are | Konthern Bacifc 1st rof. 4n o discharged from seasonal employ- ment. NEW _ YORK, September 12 (Spe- cfal).—The construction forces of the New York Telephone Company estab- lished a new record the first week in September when they lald 17,080 miles of wire in the greater city. About three thousand men are engaged in expanding the lines of the system, both in providi facilities and new residenc FORT WOR™ (Special).—Grai, sections of Texas & crops for higher prices. : extending lines into di tricts. Tex., September 12 This is es- pecially noted in the section around |s7, 3 at &7, 2 at KT. | the northern panhandle where an ex- traordinary wheat crop was produced this season. Cotton. however, is | being marketed freely and the hold- ing movement in that staple has gained no proportions as yet, despite the jump in prices. COTTON MARKET NERVOUS, |, FLUCTUATION.IN PRICES understand | pniced i that the American Steel and Wire | United Kingdom 5% Corporation sub- | United t.n and have shoved [Armanr & Cc. :iix the price of nails from $2.76 to $2.90. A'rhison, Topeka and 2 |Atlas Powder Co. 71ix 1936. NEW_YORK, September 12_(Spe- |(he The prices for Mexican vanilla | Chis Mt ang oo pao rara in | Goodyear Tire and Kubber Co. 8s 1941 real estate has made itself evident in |Grand Trunk 74 rot 2 n | TiLi Many | Lonisville ana Nashvill of these are for residence properites. | Mimourl. Kansas and Tenss Lot 4 in the |&i industrial plants | § additional trunking | $1,000 at 63, $1.000 at 68, $1.000 at 65, growers In certain | 61%. e holding their | 12.—The | Avacostin aud Pot Noon prices _reported to The Star over direct New York-Washington wire by Kedmond & Co. City of Parls 6 1921. .99 1516 French Government 86 W13 Government of Switserland 8s. 107T% Kingdom_ of Belgium 713, 04 | Unitrd Kingdom 5 ingdom 5 American Tel. and Atlantic’ Coast Line 7s. Atlantic Refining Co. 6%s 1931 o2 Baltimore and Olio cony. x| Taltimore and Ohto 1. > %1 Canadian No Central Leat) Chexapeake and Ohio - Chesapeake and Ohio gen. 43, il and 8t Paul refd. Ml and St. Paul cony. 414s. icago Northwestern 7x 1930.. Chicago Union Station 8! Conmolidated Gas Tor. o Delaware Erie geners ric s, at Northern 7s If Central 51 International Merca; Inter. Rapld Transit Ist nd ref. Missouri Pacific gen. 4x. New York Central 7s 1930, New York Central deb. 6s. New York Telephone 6s. rfolk and We Packard Motor Car vania Sx 1966, Ivania 78 of 1930 Feoneyivania gen. mort e Penn Penn Louis and San F; Louix and Sau ¥ 27 Southern Pacific conv. 4x. Washinaton Stock Exchanae BALES. —$1,000 at 7815, $500 at | i —$1.000 at 68, | Washington Gas 78%. Anacostia and Potomac Ist 5 Capital Traction 5%—8$1.000 at 7% ‘ashington wflway and riric 45—$1.000 at Potomae_Eloctrie 000 2t 887, S1,000 at 8615, $1.000 at cons_ T w0 At 86 Capital Traction—5 at &7, 2 at B1, 1 at AFTER CALI hington Haflway pfd.—5 at 56. 5 at 50, Capital Traction—5 at 87, H Money—Call loans, 5'3a6l per cent. ; Bid and Asked Prices i BONDS PUBLIC UTILITY. Bid. Asked. | ican 2 | Americ : v Am. T and Tel. etl. Am. Tel. and Tel Anacostia and Pu TODAY’S BOND PRI Southern Railway gen. Bouthern Rallway 5s. Union CES. Tnited States Ruliper Tnited States Rubber 7' United Statex Steel 8. F. cuum Ofl Corp. 7x 1936 nia-Carolina Chemical 73y 1932, Wilson & Co. Ist 6. SHORT-TERM SECURITIES. (Reported by Redmond & Co.) American Tel. & Tel. Arierican Tel. & Tel, Pacific tral Argentine 6« iengo, R. 1. & P C., C. & 8t. Louis 6s 1929, of New York S 18 Export Kenoeeott Copper s 1 Ligget: & Myers 6x 1 Procter & Gambie 7s 19; Swift Texns & SING PRIC 00D DENAND FOR LOCAL SECURITIES Bonds Favored by Investors. Capital Traction Firm. Congratulates Bankers. There was a good demand from in- ors for bonds on today's session of the local stock market, with prices v generally strong and, on the average. higher. Sales were made at 7R3 for Wash- ington ¢ 65 for Anacostia and < STATAY Wurvey ofi the ol ¢dea|ports of sales mede at 25 cents a| G 4 (S e ot s Potomac 87% for Capitul B. C. FURR, | Beneral survey Of she situation since | Pound, with consequent reduction of | Sl Tire companics have made # | cotron market was extremely nervous | Capital Traction I K. 5% Truction 55. 619 for Rallway is. and 7th and G Streets SW. October, 1920, There have been sub- | Stocks and pavment of o1d debla. Pre-| Cchedules and these are nol expected |and irregular during today's early | G AN Surien 5% {9 for (e cobsolnted 3 of Th stantial increases in the agricultural 3 cate. ©|to be increased materially until t ;i v es! rorol 2 c Electric Power Company. MARYLAND BATTERY SERVICE, INC. nd industrial outbut of Boland and |Pecan crop and San Antonio already e oAl antilnexttrading. ) Mhe southiwestern Axtor Stocks moved . but Capital 1711 Kalorama Road N.W. a marked improvement in transporta- [ 1as ordered twenty-five cars to care 26.500 tires a day to 25.000.|strong showings of Liverpool, but the Traction showed a firmer trend at (Turn Off 16th Sti. at the French Em Block West) m‘m. 'flheéedhx;o done much to mini- "3; ;',‘i';l*:\';’g’;;:gvfl';]";,;g‘p“‘)u::j‘;‘{-mfi;"({ the Goodrich and c:omlyearj;,,.m,;g here was irregular at an ad- while Railway preferred brought mize the bad effects of multiplication | 000 § @ companies have made similar cuts : 7 7 = of paper money. crop is expected to bring from 15 to| “NER'VORK, September 13 (Spe- Sotats L s aliine e There were no sales of Graphophone n = “The fundamental cause of the fall |18 cents a pound at the car. cfal).—Large tire factories are mak- |5 points net higher on active months although 2 = bid. On wes house Batte"es of Polish exchange,” the report con- ing_inquiries for future positions in{(pa market broke severely under e . w York Stock Exchange it sold tinues, “is the increase in paver |Slow But Steady Advance rubber and there has been considera- o taking. Hedge selling against hing:on Rwy. and Eiee. ds at No reason for the advance money. The amount outstanding ible buying for delivery mext spring. | PUBi L0 <hot cotton in the south 1 . was made publi MARYLAND BATTERY SERVICE, Inc. Fiachea nearty “ome: hundred bilion In California Product Bur e s e i e e e e marks on July 1, 1921, nearly thirty n Galifornia Proaucts S o En el B O N it D B <, e : 1711 Kalorama Road N.W. Distributors. times as much as two years before e NEW YORK, September 12 (Spe-land after having sold bt 22,10 OUCEm | Washington Market So great is the demand for redis- and nearly five times as much as one . = | cinl).—Prices for burlaps in this market | ber broke to 19.65. while ary. aslingion M. counis that the federal reserve banks SRR BY LYNN C. SIMPSON. are very firm and decidedly stronger | off from 20.65 to 19.10, or 135 points|w. M. Cold e Nsieter —_—— Specinl Dispateh to The Sta [for the heavier weights jnet Tower. “The violence of these STOCKS spel . g St 5 fuctus : - PUBLIC UTILITY. ] anks have v, A ERANGISCO. (September 12 — o Hait Geodn. Thent of sentiment and December 1ater | American Tel' abd Telgs- . - from other reserve banks, tae total Although the Labor dax holiday on | W YORK, September 12 (Spe-|ralijed to 20.25, with the price move- | Capital Traction )f their loans, with that of the Min- Monday and the state holiday Friday | cial).—An increase in the price of| nent so rapid and erratic that the| Washington G: | neapolis to carry made last week a quiet one in busi- | hosiery and underwear was predict-|rend of the market was uncertain Norfalk and Wash. Steambeai. | et 1 o ness circles, there is unquestionably |ed today by Henry Van Holland, sec-| ' NjEW ORLEANS, September 12.— | Wash. Rwy. and Elee. cow. So long mond is a borrower an improvement in conditions in this | retary of the National Association of |shasp and mervous fluctuations over | Wash. Ewy.and Flec. pfd Yahe chonc: & Wor i Farthes seyeiion section as elsewhere. The slow but (Knit Goods, selling agents, as a result |, \rige range accompanied the early 153 |in the discount rate are not good ;Lia{‘d;-lad':vanfe in prices uf(?n’hh;(rr{lla of the rise in cotton. frading in cotton today. The bulge | ABETA*® 180 nks the Bankers. o : ucts has improved the outloo, or £? i e - 1 Ce ' the farmer and low prices for hay and | . Pt L ot amenee oy | Cammecias of State Huzhes, Seer | e e T e Jairymen, ha.|place many additional “orders for | outs put prices 60 to 80 points higher | piger” s “lretary of Commerce Hoover have size that while it is unwise to preach | Spring delivery this week. Salesmen | than the close of last week duringiiverty :leach written to Marco H. Hellman, | excessive optimism and point out that | On the road report increasing busi-|the course of the first call. Immedi- - i representing Los Angeles k. = Pl pt shat | ness and collections are satisfactory. [ ately after the market commenced to liiuaiy wirh of the bomie = to0 much enthusiasm has left- large e aon ot tians the preliminary work of the coming aner EVQI‘V Meal” Iy surplus stocks in many lines, Wool. )w‘l "'Lcc.-.un'l el el e Jeiase | national convention of the American the worst of the trouble is over.| ROSTON. September 12 (Special).|UP 1208 account ang Cnetr o g, e - | Bankers' A. ation, each letter be- These troubles cannot be regarded as | There have been further reductions |t GETERR FOV EHEL ST 00T . TRUST COMPANY. | ing an assurance of deep appreciation I llllllllll.l'l'l l entircly over. they fay. until labor|of the heavy stocks of medium wools | WHiCT Was takeR a8 & VO VAT | Americun Becirlly and T {of the manncr in which the bankers again is employed on a fair basis.|in this market. Buving orders have : ':.r S ad el (N £ “|of the country have upheld the gov- = Banks generally have reduced their|{injected a confident feeling into the | RONT % l’“. 5, ('n o) | Saton Trust “|ernment and ai in the solution of -— loans, and while this is an eminently | market, although many orders appar- | 105 points lower than the last quo- i gl igion Loan the financial problems, the distribu- == safe situation, it also indicates alently have been split up into small |tation of last week. October traded SAVINGS BANK. { tion of government securities, ete. — sluggish condition of business. Stead- |lots, so as to give litte excuse for |UP to 21 cents a pound and fell back | ., perce and Saving: | In asking the oficials mamed. to ; - ily 'increasing building undoubtedly | holders to advance prices. to 18.75. Fluctuations on the later | gast ngton - |attend the convention the bankers - will lead to increased borrowing for ! o j months were wider, Marck trading up | Merchants’ :were in hope that their = 1 business purposes. - to 20.05, and falling back to 18.50. | Security Saving! b . ram for ine U wal - L NEW YORK. September 12 (Special). | ‘°f [VERPOOL, September 12—S; Seventli Street Savinj 130 {better business conditions could be - pietall trade here Los been only falr, | the consumptisn of lubricating olls | cotton in kood demand. Prices hard- | Unign Savives - nz Teviewed by these and approved in P . vement | ThE D o cat . S - | ™% Savings - 0 e light of international conditions == somewhat spotty in ch: | now 1 reported to exceed p ening. Good middling, 14.91; fully | Wagbiogton Mechanics' 25 Shes ; Sty ion to concentrate oh a — et the infuence. bt Heivactr: | and old stocks are belng satisfactorlly hiddiing, 14.22; middling. 13.17: low | FIRE INSUEANCE thchen Bl e e Sl IR i reduced. A mn‘;ldlinz. :129 good ordinary, 11.92; { American . 20, “With respect to the annual con vare. nary, -17. Arlington = 2 on- piece of work justslie = |notes of Commoditi SPRINGFIELD, Mases September 12 Saies, 15,000 bales, including 8100 [ Sras. Rimochute, 5 e b Eaiat — ies (Special).—A 10 per cent wage reduc. | American, ~Recefpts, 15.000 bales, in- o reinal Unica - &eles in Ociober, 1 am glad to extend - . tion affecting about 700 workmen and | 8 S TITLE INSUBANCE. {my best wishes for the suce a stick of WRIGLEY’S — In Various Centers | txecatives emploved by the Chapman | Futures closed weak: September. { coumpia Title 5 | Convention Tam sled alse v have thic 1 X oy was put into. bffect|13.34; Octoher, 13.29: January, 12.97; | ieal Estate Title - i % - e Val ompany ¥ Match, 1505 May. 1288 Suiy AL > o jopp ¥ 10 express to the Ameri- | today. March, 12.65; May. 12.43; July, 12.25. | ) ?us‘wu_nmua jean Bankers Association my sincere — | & 2 Gr eciation of the helpful co-operi. between your teeth. = | semeter. i I e e | lumts Cramonain o <pbreciatie of e intul o pers NEW YORK. S spe-| N . September 12 e HEAVY. D C. Paper 3fg. Co. vi : v con- § — A e P ratiP®: | tember).—Corroders report that the 5 Merchants: Trauster and Siorage i3 7| stantly had from Ameriean banke scarcely active, there is suffici €1e>| demand for white lead continues very PARIS, September 12.—Prices were | Mergenthaler Linotrpe 18y the past. and my confident hope 3 - Y , sufficient de- i i v be. | heavy on the bourse today. Three per |0id Dutch Murket com. 6 |that the Treasury will cont P > -— - mand to keep the selling houses fair, §00d and that they are slightly be-| 1500 08 05 % 6% riies 55 centimes. Old Duteh Market pfd. 9 |have the co-operation of the aacecin. —l = — Iy busy. All indications point to bet. | hind in deliveri Exchange on London, 51 francs 95 | Lauston Mouotype 7 |tion in meeting the many fAnaacial — it’s a wonderful help in ter businers, expeciaily for saicemen Carpecs. cebtomen®s o, Lonion St france 95 |t Sunet U e e ey i — = on the road, in the next few wecka | NEW_YORK. September 12 (Spe- |5 centimes. The dollar was quoted | Washington Mar With-the broad vision and eapnest of- — = The demand for diamonds and the rise | cial).—The fall auction sale of rugs!at 13 francs 86% centimes. Bx-dividen Zort Ohnt: have Chesastecs oax e daily tagks — and = = i Sigtionts Scilitea ln Ghe past — - sports — . Vities in the past. - “Sincerely yours, - Py CURB STOCKS. Jé lo Quotations furnished by W. B. m‘m-x: Co. W. MELLON. =1 as Wel - ~12:15 pm— —_—— °, S Bid Asked. OIL STOCKS. - — Statement .of the Condition of Astna Exlosies - % T4 | Guotations faraisted by W. B. Hibis & Co. I - Th W h d Asktnsea] 3 % | Auglo-Amertcan 01t Co. (new) = if that 13th hole on - € ashington Loan and Trust OMPANY fjscecti = ove e i e e = Vi 5 Cheseborongh Manufs — - ! On September 6, 1921. Tonenanil Ny l(‘anuuenl;;i nan"':. . = - | & Calumet an obetant Py berland Pipe Lis = the course has b_een = THE BANK OWES TO DEPOSITORS.......... . $10,086,348.74 {Earlemasiei i ek Fioe Tine 7. > mng your goat — tw - They include individuals, corporations, banks, a |mgm£':d-"vn'a e . tions, societies and fiduciaries. |Catiensneentes fnen) ! P i : | Cities Service pfd.. ‘ WRIGLEY’S —N Topay this sneiteck ioldss | e eit - o = | 1. CASH $1,744,039.83 o wealth Finanee pid 2 - ! S EAS Hogu S EhEMne AR s e ,039. i 7 g — Gold, Bank Notes, Specie and demand deposits in othe e 5% H -_ banks—more than enough for any likely need. { Cressen, Gola - 1 e Lune o : A { Davis Daly. 3 é Halal'ds dls' = 2. EXCHANGES FOR CLEARING HOUSE..... e 55 72,448.90 Dominion Ol 7 9 o R o ¥ 4 — Collected the next day. l‘!‘“'m‘""“":,,,‘" % n | Bouthws bens. 3 T Jl 4 appear an d = 3. U.S. GOVERNMENT SECURITIES. .......... |- 824,967.54 Erimcers” Petrolenm soEEe R st o e £ IBUBHBHEABBLEIEIE:EIIBISLY, Iz P - Liberty Loan, Victory Notes and Treasury Certificates Pureks o % %0 |Stndard 0l Co / Federal Oil 1% 1316 Stan Ce i hard places = 4 1,444,771.42 Sl 04 Dy [N 3 g =t SR S caerae R Bl “Alden Coal 37, 38 |Bwan & Finch Co. — Municipal, Railroad and other corporations. First fi::mx“;-:p‘ 5 B O Co 4 come easy — for = class and salable. Gzt { (Vi e : - 5. DEMAND LOANS....... A A B DB AT Seshi 4,307,994.23 h}:fl:,g. i FOREIGN BONDS. s ? V] i te tinental Rubber . 7 leGLEv's glves —_ Pafi:atléle Iwhen we ask for it and amply secured by I}:‘:mhm Pétrolme (uiw) w% ;;m.u..:. foruished by W. B. Hibbe & Co. : = collateral. k 0 Prices at noon- you co mforf and _— 6. REAL ESTATE AND OTHER LOANS..... s mvi el 3,512,369.61 ! J |mmm 0, Gemman g Secured by property worth nearly twice as much Thy s Ul e e P T = = property Vi uch. Magma Copper - Coblens 4s. 11% Bad. Aniline 4 S sy 18 | O % niline 43 14% poise 1 7. BANKING HOUSES AND OTHER REAL ESTATE. 992,981.61 L 1% _}E ke B msL O s 2e% o -. Book value is only part of real value. e e % in Drosden 44u."0 11" Nord. L. Bank & 11% e = Midwest Ol ptd o2 3" | Evnen 45, Vienna 43w, o - TOTAL RESOURCES 7. fiare, Belne o b Yiemma 81700 38 : - A o feeveeenenea... $12,829573.14 Moustain Tsduce i 4 | Frankfurt French 4. uy 3 [ = New Cornel 12 % i It adds a zest = 8 A SURPLUS SUFFICIENT. ...........eeeeranennn.... $2,74322440 NBI=8 dolue il B T b h = . After paying all deposits, to warrant the confidence of B e on P 20| Retm A e R e t at means - our customers, present and propective. Omar 01l (new). s o Munich 4c00 10% Itatian nofes sa . 2% gt | German gov. 4 n Rest. 5 P m el Figures taken from Report to Controller of the Currency. 45 % German gov. 8%s 97y Beigian Prem. 5a. 4% - 1 —_—— - o 1 2 : = The Washington Loan and Trust Company | B § Sait Creek Producing. 20 30 Selling checks—Dollar values at noon today: : J ’; S— e Balt Creek (new). lg 10 . 3.73% Budapest . E 3 —_—— Main Office, 900-902 F St. West End Branch, 618-620 17th St.. e 3 CRRE P , ; ‘ = ~ JOHN B. LARNER, Presi i o { Sealed Tight = -JOHN B. LARNER, President : 2 R H < — 1 B i - r— Audrew Parker Harry G. Meem Thomas Bradley s1s ] 3 Kept Rw't Vice President Vice President Vice President i —— B UNITED and Trust Officer. and Treasurer. : and Real Estate Officer. 1 2% BAR SILVER QUOTATIONS. ‘ , \ i Ch: s 15! NEW YORK, September 12.— For- i ,’[ \ \ Boyd Taylor Charles H. Doing, Jr. Charles R. Grant o= D s Sl i : 6 |49%. 3 ,,, : \\‘ e : e 127 18 | LONDON. September 12.—Bar mvz. | ’ll “\‘ Arthur Peter General Counsel. William H. Baden Assistant Trust Officer PO APt 4 ©